1 00:00:03,440 --> 00:00:06,720 Speaker 1: Live from the Bloomberg Interactor Brooker Studios. This is Bloomberg 2 00:00:06,800 --> 00:00:11,000 Speaker 1: Daybreak for Friday, April one. Coming up this sour peace 3 00:00:11,080 --> 00:00:13,960 Speaker 1: talks are set to resume between Russia and Ukraine. The 4 00:00:14,040 --> 00:00:17,000 Speaker 1: second quarter kicks off after an historically bad one for 5 00:00:17,079 --> 00:00:21,080 Speaker 1: stocks and bonds. Talks of a recession threatened confidence for investors, 6 00:00:21,320 --> 00:00:23,759 Speaker 1: and Wall Street looks to the March jobser four for 7 00:00:23,800 --> 00:00:26,880 Speaker 1: the latest reading on the economy. A Jodge orders New 8 00:00:26,960 --> 00:00:30,880 Speaker 1: York's Democrat controlled legislature to redraw the states in congressional districts. 9 00:00:30,880 --> 00:00:33,960 Speaker 1: Plus New Jersey Governor Murphy has covid. I'm Michael bar 10 00:00:34,200 --> 00:00:37,879 Speaker 1: More ahead, I'm John stashtoward sports over time in Brooklyn, 11 00:00:37,920 --> 00:00:40,600 Speaker 1: the Bucks, Beef, the Nets, and yet another injury concern 12 00:00:40,720 --> 00:00:45,440 Speaker 1: for metsdays. Jacob de Grand. That's all straight ahead on 13 00:00:45,640 --> 00:00:49,120 Speaker 1: Bloomberg day Break on Bloomberg Even Free on New York 14 00:00:49,240 --> 00:00:54,000 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 15 00:00:54,160 --> 00:00:58,639 Speaker 1: Bloomberg nine six, San Francisco, Sirius x M one nineteen 16 00:00:59,040 --> 00:01:01,720 Speaker 1: and around the world. Go on Bloomberg Radio dot Com 17 00:01:01,840 --> 00:01:08,639 Speaker 1: and via The Bloomberg Business. Good Morning. I'm Nathan Hagar. 18 00:01:09,040 --> 00:01:11,720 Speaker 1: And I'm Karen Moscow in Ustock. Index Future is on 19 00:01:11,760 --> 00:01:13,840 Speaker 1: the rise this morning. We're coming up to six o 20 00:01:13,959 --> 00:01:15,720 Speaker 1: one on Wall Street. I mean check the markets every 21 00:01:15,720 --> 00:01:18,720 Speaker 1: fifteen minutes throughout the trading day. On Bloomberg Guess and 22 00:01:18,760 --> 00:01:21,240 Speaker 1: P Future is up twenty three points down. Futures have 23 00:01:21,280 --> 00:01:23,600 Speaker 1: a hundred seventy eight and nasday Future is up eighty 24 00:01:23,720 --> 00:01:27,040 Speaker 1: one Tenure Treasury down eighteen thirties seconds two point for 25 00:01:27,280 --> 00:01:29,520 Speaker 1: zero percent, and they yield on the two year two 26 00:01:29,520 --> 00:01:32,520 Speaker 1: point three eight percent. Nine X Screwed oil is little 27 00:01:32,600 --> 00:01:35,280 Speaker 1: change at a hundred dollars one cents and barrel. Nathan 28 00:01:35,440 --> 00:01:37,120 Speaker 1: Karen will have more on the markets in a minute, 29 00:01:37,120 --> 00:01:40,000 Speaker 1: but first we start in Ukraine. Peace talks with Russia 30 00:01:40,040 --> 00:01:42,800 Speaker 1: are set to resume today. Those negotiations will be by 31 00:01:42,880 --> 00:01:46,800 Speaker 1: video meantime. Russia says to Ukrainian military helicopters made a 32 00:01:46,840 --> 00:01:49,880 Speaker 1: strike across the border and hit a Russian oil tank facility. 33 00:01:50,200 --> 00:01:54,200 Speaker 1: Amy Morris has the latest from our Bloomberg newsroom in Washington. 34 00:01:54,560 --> 00:01:57,320 Speaker 1: Kiva is not confirmed the strike in Russia, but did 35 00:01:57,320 --> 00:02:00,200 Speaker 1: say its forces retook several villages in the cur uson 36 00:02:00,280 --> 00:02:03,400 Speaker 1: reach into the south. This as President Biden says Vladimir 37 00:02:03,440 --> 00:02:06,280 Speaker 1: Putin may have detained some of his own advisors. He 38 00:02:06,400 --> 00:02:09,960 Speaker 1: seems to be self vice slaved, and there's some indication 39 00:02:10,080 --> 00:02:13,679 Speaker 1: that he has um fired or put in the house 40 00:02:13,760 --> 00:02:17,080 Speaker 1: arrest some of his advisers. Meanwhile, the United Nations says 41 00:02:17,120 --> 00:02:20,360 Speaker 1: relief convoys are unable so far to reach Mariopol, but 42 00:02:20,400 --> 00:02:23,480 Speaker 1: Russia says it will open a humanitarian corridor there. Today 43 00:02:23,800 --> 00:02:27,079 Speaker 1: in Washington, I maybe Morris Bloomberg Daybreak right, Amy, thank 44 00:02:27,080 --> 00:02:30,080 Speaker 1: you China also and focus this morning. European leaders are 45 00:02:30,120 --> 00:02:32,560 Speaker 1: warning Beijing about involvement in the war. And we go 46 00:02:32,720 --> 00:02:35,320 Speaker 1: live to Lindon and get the latest with Bloomberry's un parts. 47 00:02:35,360 --> 00:02:38,040 Speaker 1: Good morning, Uen, Good morning Karen and Nathan. The European 48 00:02:38,040 --> 00:02:42,400 Speaker 1: Commission's president says China has a special responsibility to demand 49 00:02:42,560 --> 00:02:47,280 Speaker 1: Russia respects international law and to defend Ukraine's sovereignty. That's 50 00:02:47,280 --> 00:02:49,760 Speaker 1: the message that Arson of Vonderli will deliver to Beijing 51 00:02:49,760 --> 00:02:52,840 Speaker 1: today at a virtual summit expected to be dominated by 52 00:02:52,919 --> 00:02:56,160 Speaker 1: Russia's war. Europeans are expected to tell China that any 53 00:02:56,160 --> 00:02:59,440 Speaker 1: help to Moscow to avoid sanctions or to supply weapons 54 00:02:59,440 --> 00:03:03,120 Speaker 1: will result in severe consequences. Live in London. I'mu and 55 00:03:03,160 --> 00:03:05,880 Speaker 1: pults day break. Okay, you and thanks. Turning back to markets, 56 00:03:05,919 --> 00:03:08,440 Speaker 1: now Oils heading for its biggest weekly loss in almost 57 00:03:08,480 --> 00:03:12,280 Speaker 1: two years after falling seven percent yesterday. It's little change 58 00:03:12,320 --> 00:03:14,720 Speaker 1: now with NIME ex scruded a hundred dollars thirty three 59 00:03:14,720 --> 00:03:17,760 Speaker 1: cents and brented a d eighty four. That's after the 60 00:03:17,800 --> 00:03:22,320 Speaker 1: White House ordered an unprecedented release of strategic reserves. Democratic 61 00:03:22,400 --> 00:03:25,480 Speaker 1: Michigan Congressman Damn Killed He says it's a good first step. 62 00:03:25,720 --> 00:03:28,200 Speaker 1: I don't think by itself it solves the problem, but 63 00:03:28,240 --> 00:03:30,160 Speaker 1: it's a step. I'd like to see us do a 64 00:03:30,200 --> 00:03:32,880 Speaker 1: couple other things, but this is a step in the 65 00:03:32,960 --> 00:03:36,120 Speaker 1: right direction. People need relief at the pump, and this 66 00:03:36,160 --> 00:03:38,080 Speaker 1: will make a difference in terms of the prices they're 67 00:03:38,120 --> 00:03:41,960 Speaker 1: seeing for everything. Congressman Dan Kildy also supports the temporary 68 00:03:41,960 --> 00:03:44,000 Speaker 1: lift on the federal and state gas tax. He spoke 69 00:03:44,000 --> 00:03:47,120 Speaker 1: with our Washington correspondent Joe Matthew on Bloomberg Sound On 70 00:03:47,400 --> 00:03:50,800 Speaker 1: Catch the program weekdays at five pm Eastern on Bloomberg Radio. 71 00:03:51,280 --> 00:03:53,680 Speaker 1: All Right, Nathan wore Inflation and the lingering impact of 72 00:03:53,720 --> 00:03:56,720 Speaker 1: the pandemic made the first quarter, a historically rough one 73 00:03:56,760 --> 00:04:00,000 Speaker 1: for investors. More than three trillion dollars were erased from 74 00:04:00,000 --> 00:04:03,920 Speaker 1: on iniquity values in the period. Megan Hornman, chief investment 75 00:04:03,960 --> 00:04:08,040 Speaker 1: officer at Verdense Capital Advisor, sees the current situation as 76 00:04:08,040 --> 00:04:10,680 Speaker 1: a buying opportunity. We are also looking at some of 77 00:04:10,680 --> 00:04:13,080 Speaker 1: the areas that are getting beaten down the most, you know, 78 00:04:13,160 --> 00:04:15,360 Speaker 1: some of the growth areas that got hit really bad 79 00:04:15,360 --> 00:04:17,760 Speaker 1: in January and February. We did put some money to 80 00:04:17,800 --> 00:04:20,120 Speaker 1: work there, thinking that over the long run that they 81 00:04:20,120 --> 00:04:23,400 Speaker 1: had been unfairly pushed lower because of what's going on 82 00:04:23,440 --> 00:04:25,640 Speaker 1: with interest rates as well as the war with Rush 83 00:04:25,720 --> 00:04:29,280 Speaker 1: in Ukraine. Megan horn Men with Verdense Capital Advisor says 84 00:04:29,279 --> 00:04:32,640 Speaker 1: earning season will be key for future market action. Well. 85 00:04:32,720 --> 00:04:35,440 Speaker 1: Questions are swirling about what earnings will look like, Karen, 86 00:04:35,480 --> 00:04:38,920 Speaker 1: and also whether recessions coming. City Group Global Chief Economist 87 00:04:39,000 --> 00:04:42,520 Speaker 1: Nathan Sheet says the odds of that are significant. Globally, 88 00:04:43,240 --> 00:04:47,560 Speaker 1: uh it's around a third the geo political situation, the 89 00:04:47,680 --> 00:04:52,040 Speaker 1: energy situation is very severe. I think in the United 90 00:04:52,080 --> 00:04:55,480 Speaker 1: States we are insulated an notch when I think about 91 00:04:55,600 --> 00:04:59,360 Speaker 1: kind of the global situation coupled with the federal reserve 92 00:04:59,560 --> 00:05:03,160 Speaker 1: potential se hiking very rapidly, maybe one in four over 93 00:05:03,200 --> 00:05:06,119 Speaker 1: the next eighteen months. It is it is significant. City 94 00:05:06,120 --> 00:05:08,880 Speaker 1: Group Global Chief Economist Nathan Sheets made the comments on 95 00:05:08,920 --> 00:05:11,800 Speaker 1: Bloomberg's Balance of Power. Catch that program weekdays at noon 96 00:05:11,839 --> 00:05:14,720 Speaker 1: Eastern on Bloomberg Radio and Television. Well Nathan mc game 97 00:05:14,760 --> 00:05:16,960 Speaker 1: more clues about the economy later this morning with the 98 00:05:17,000 --> 00:05:19,239 Speaker 1: release of the March jobs are poor at the median 99 00:05:19,320 --> 00:05:22,160 Speaker 1: forecast colls for four nine thousand new jobs at an 100 00:05:22,200 --> 00:05:25,280 Speaker 1: employment rate of three point seven percent. Became more from 101 00:05:25,279 --> 00:05:28,960 Speaker 1: Bloombergy's Michael McKee. Analysts expect March was another strong month 102 00:05:29,000 --> 00:05:32,440 Speaker 1: of job growth, although borrowing a major surprise, the numbers 103 00:05:32,480 --> 00:05:34,359 Speaker 1: may not make a whole lot of difference to the 104 00:05:34,400 --> 00:05:37,240 Speaker 1: Fed policymakers have all but said there in line to 105 00:05:37,320 --> 00:05:40,160 Speaker 1: raise the nation's benchmark lending rate by half a percentage 106 00:05:40,200 --> 00:05:43,400 Speaker 1: point on May fourth. Nevertheless, they will feel better if 107 00:05:43,440 --> 00:05:45,880 Speaker 1: they see a lot of Americans going back into the 108 00:05:45,960 --> 00:05:49,680 Speaker 1: labor force. That would ease pressure on wages and therefore 109 00:05:50,000 --> 00:05:54,680 Speaker 1: on inflation. That's particularly true for manufacturing companies have struggled 110 00:05:54,680 --> 00:05:57,760 Speaker 1: to find factory workers, leading some to turn away business. 111 00:05:58,080 --> 00:06:01,279 Speaker 1: Michael McKee Bloomberg Daybreak, Mike. Thanks, Let's send the corporate 112 00:06:01,279 --> 00:06:04,279 Speaker 1: news now with a focus on the world's largest retail site. 113 00:06:04,320 --> 00:06:07,920 Speaker 1: The push to unionize that Amazon is growing. Let's get 114 00:06:07,920 --> 00:06:10,040 Speaker 1: the latest life from Bloomberg's You need a young Good morning, 115 00:06:10,480 --> 00:06:13,760 Speaker 1: Good morning, Nathan. The upstart Amazon labor union in Staten 116 00:06:13,800 --> 00:06:17,160 Speaker 1: Island is closer to forming. Workers who want to organize 117 00:06:17,160 --> 00:06:20,039 Speaker 1: are leading by more than three hundred and fifty votes 118 00:06:20,279 --> 00:06:25,039 Speaker 1: out of about dred tallied. That count will continue today. Meantime, 119 00:06:25,080 --> 00:06:28,440 Speaker 1: Amazon workers in Alabama voted to reject a union in 120 00:06:28,480 --> 00:06:31,800 Speaker 1: a tight race yesterday, but the National Labor Relations Board 121 00:06:31,800 --> 00:06:34,039 Speaker 1: says about a quarter of the votes are challenged and 122 00:06:34,080 --> 00:06:37,600 Speaker 1: will need to be reviewed. Those could potentially change the outcome. 123 00:06:38,040 --> 00:06:40,560 Speaker 1: Live in New York, I'm gonna need a young Bloomberg Debriak. 124 00:06:40,880 --> 00:06:42,880 Speaker 1: We need to thank you. And in early trading this morning, 125 00:06:42,920 --> 00:06:45,960 Speaker 1: we're seeing shares of Game Stomp up about fifteen per cent. 126 00:06:46,040 --> 00:06:49,120 Speaker 1: The video game retailer plans to ask shareholders for approval 127 00:06:49,120 --> 00:06:51,080 Speaker 1: of a stock split in the form of a dividend, 128 00:06:51,400 --> 00:06:54,359 Speaker 1: and that mayre's recent moves from Amazon, Alphabet, and Tesla, 129 00:06:54,680 --> 00:06:57,120 Speaker 1: and right now, futures are higher with SMP futures up 130 00:06:57,120 --> 00:06:59,680 Speaker 1: twenty two point, staff futures up a D seventy fives 131 00:06:59,720 --> 00:07:02,160 Speaker 1: that teachers up eighty one points. The tenure treasury is 132 00:07:02,200 --> 00:07:05,159 Speaker 1: down eighteen thirty seconds. The yield two point four zero 133 00:07:05,160 --> 00:07:08,280 Speaker 1: percent yield on the two year two point three nine, 134 00:07:08,920 --> 00:07:10,920 Speaker 1: nim Ex screwed up two tenths percent or twenty cents 135 00:07:10,960 --> 00:07:12,760 Speaker 1: and a hundred dollars forty eight cents a barrel, and 136 00:07:12,800 --> 00:07:16,840 Speaker 1: comics gold is down to nine eight announced local headlines 137 00:07:16,840 --> 00:07:19,800 Speaker 1: and the check of Sports. Up next to this is Bloomberg. 138 00:07:22,840 --> 00:07:25,000 Speaker 1: It sounds six o seven on Wall Street. Clouds fifty 139 00:07:25,040 --> 00:07:27,440 Speaker 1: five degrees in Central Park. We've got an accident in 140 00:07:27,440 --> 00:07:30,200 Speaker 1: Staten Island that's at the lower level of Arizona Bridge. 141 00:07:30,320 --> 00:07:32,840 Speaker 1: The tails coming up in traffic. First. Michael Barr with 142 00:07:32,880 --> 00:07:34,520 Speaker 1: more on what's going on in New York and around 143 00:07:34,560 --> 00:07:36,920 Speaker 1: the world. Michael, thank you very much. Nathan to Judges 144 00:07:37,000 --> 00:07:40,960 Speaker 1: ordered New York's Democratic controlled legislature to redraw the state's 145 00:07:41,000 --> 00:07:45,760 Speaker 1: congressional and legislative districts after finding they were unconstitutional. Judge 146 00:07:45,760 --> 00:07:48,520 Speaker 1: Patrick McAllister said in the ruling that maps redrawing the 147 00:07:48,560 --> 00:07:53,800 Speaker 1: states congressional district were Jerrymander to benefit Democrats. Judge McAllister 148 00:07:53,920 --> 00:07:57,320 Speaker 1: gave lawmakers until April eleventh to try again, and if 149 00:07:57,360 --> 00:07:59,920 Speaker 1: their new maps fail to pass muster in the courts, 150 00:08:00,520 --> 00:08:03,200 Speaker 1: the judge said he would order the state to pay 151 00:08:03,440 --> 00:08:07,080 Speaker 1: for a court approved expert to redraw the maps. The 152 00:08:07,200 --> 00:08:09,560 Speaker 1: NYPD says a twelve year old boy was killed by 153 00:08:09,600 --> 00:08:12,800 Speaker 1: gunfires he was eating in a parked car in Brooklyn 154 00:08:13,080 --> 00:08:15,720 Speaker 1: with two family members, one of whom was shot and wounded. 155 00:08:16,120 --> 00:08:19,520 Speaker 1: Assistant Chief Michael Kemper's said the boy was shot multiple 156 00:08:19,560 --> 00:08:23,480 Speaker 1: times and pronounced dead at the scene. A preliminary investigation 157 00:08:23,520 --> 00:08:27,040 Speaker 1: reveals that the three pulled over in the car to 158 00:08:27,120 --> 00:08:31,400 Speaker 1: eat some food when shots were fired that penetrated their vehicle. 159 00:08:31,760 --> 00:08:34,240 Speaker 1: Kempers said a twenty year old woman and the driver's 160 00:08:34,280 --> 00:08:37,000 Speaker 1: seat was taken to the hospital and is expected to recover. 161 00:08:37,360 --> 00:08:39,920 Speaker 1: An eight year old girl in the back seat was unhurt. 162 00:08:40,320 --> 00:08:43,240 Speaker 1: New York City Mayor Eric Adams, also at the news conference, 163 00:08:43,240 --> 00:08:46,360 Speaker 1: stressed the importance of getting guns off the streets. The 164 00:08:46,480 --> 00:08:49,160 Speaker 1: question I can see to ask, what about the innocent people? 165 00:08:49,559 --> 00:08:51,760 Speaker 1: What about people that sending their cause and the shot 166 00:08:51,760 --> 00:08:56,560 Speaker 1: and kill? We have so much about those who are fighting. 167 00:08:57,240 --> 00:08:59,120 Speaker 1: But when are we going to stop fighting for the 168 00:08:59,120 --> 00:09:02,200 Speaker 1: innocent people at this city. Mayor Adam says, we need 169 00:09:02,280 --> 00:09:05,240 Speaker 1: everyone to help us in this sense lens violence. New 170 00:09:05,320 --> 00:09:08,600 Speaker 1: Jersey Governor Phil Murphy has tested positive for COVID nineteen 171 00:09:08,600 --> 00:09:11,760 Speaker 1: and will isolate for five days. A spokesperson says Murphy 172 00:09:11,880 --> 00:09:15,559 Speaker 1: is asymptomatic and feeling well, but will cancel all events. 173 00:09:16,240 --> 00:09:19,679 Speaker 1: Most New Yorkers who worked from home during the pandemic 174 00:09:19,880 --> 00:09:22,120 Speaker 1: planned to cut their time in the office by nearly 175 00:09:22,160 --> 00:09:25,440 Speaker 1: half and spend less money in the city annually. According 176 00:09:25,480 --> 00:09:29,200 Speaker 1: to Stanford economics professor Nicholas bloom the average New York 177 00:09:29,240 --> 00:09:32,040 Speaker 1: City office worker would slash annuals spending in the city 178 00:09:32,080 --> 00:09:35,080 Speaker 1: by more than sixty seven hundred dollars. That's down from 179 00:09:35,080 --> 00:09:39,160 Speaker 1: an estimated twelve thousand, five hundred before the pandemic. At 180 00:09:39,160 --> 00:09:42,000 Speaker 1: a news conference at the Federal Reserve Bank of New York, 181 00:09:42,000 --> 00:09:45,480 Speaker 1: Blooms said the remote work push could cost New York 182 00:09:45,480 --> 00:09:48,920 Speaker 1: between five and ten percent of its city center population. 183 00:09:49,280 --> 00:09:51,800 Speaker 1: Global News twenty four hours a day on air and 184 00:09:52,000 --> 00:09:55,240 Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred 185 00:09:55,280 --> 00:09:57,880 Speaker 1: journalists and analysts. More than a hundred twenty countries. Michael 186 00:09:57,880 --> 00:10:05,400 Speaker 1: bar this is Bloomberg. Nathan. Okay, Michael, thank you. Almost 187 00:10:05,400 --> 00:10:07,280 Speaker 1: six ten on Wall Street. Time for the Bloomberg Sports 188 00:10:07,320 --> 00:10:10,000 Speaker 1: Update with John eight And Originally the plan was for 189 00:10:10,080 --> 00:10:12,040 Speaker 1: Jacob the Grounder spend the last day of March on 190 00:10:12,080 --> 00:10:14,360 Speaker 1: the Mountain City Field pitched opening day for the Mets. Courts. 191 00:10:14,360 --> 00:10:16,480 Speaker 1: Opening day pushed back a week after the lockout, so 192 00:10:16,559 --> 00:10:19,240 Speaker 1: de Grohm instead was doing some long tossing in Port St. 193 00:10:19,280 --> 00:10:22,040 Speaker 1: Lucy and he felt some tightness in his shoulder, and 194 00:10:22,080 --> 00:10:25,240 Speaker 1: every Mets fan had the same thought, here we go again. 195 00:10:25,240 --> 00:10:27,840 Speaker 1: When de Grom pitches, he's the best there is, but 196 00:10:28,000 --> 00:10:30,560 Speaker 1: so often he doesn't pitch. Missed the second half of 197 00:10:30,640 --> 00:10:32,800 Speaker 1: last season with an elbow injury, is likely headed now 198 00:10:32,840 --> 00:10:35,679 Speaker 1: for an m r I over time in Brooklyn Milwaukee. 199 00:10:35,720 --> 00:10:38,560 Speaker 1: Top that that's once one nineteen the honest of the couple. 200 00:10:38,600 --> 00:10:41,600 Speaker 1: I scored forty four, Keevin Duran had twenty six points, 201 00:10:41,679 --> 00:10:44,560 Speaker 1: Kyrie Evering twenty five. Islanders beet Columbus five. Two Devils 202 00:10:44,600 --> 00:10:47,440 Speaker 1: lost in Boston eight to one, the last n I 203 00:10:47,520 --> 00:10:49,480 Speaker 1: T game at the Garden, at least for a while. 204 00:10:49,520 --> 00:10:51,679 Speaker 1: They are now going to move the tournament around to 205 00:10:51,760 --> 00:10:54,120 Speaker 1: other cities Xavier, Top Texas, A and M in the 206 00:10:54,200 --> 00:10:57,680 Speaker 1: Game of seventeen lead changes seventy three seventy two Women's 207 00:10:57,720 --> 00:11:00,240 Speaker 1: Final four starts tonight in Minneapolis and then the ends 208 00:11:00,440 --> 00:11:03,680 Speaker 1: or tomorrow in New Orleans. Four days after coaching St. 209 00:11:03,720 --> 00:11:05,800 Speaker 1: Peter's in the n C Double A E lead A shade, 210 00:11:05,840 --> 00:11:08,520 Speaker 1: and Holloway introduced as a new coach at Seton Hall. 211 00:11:09,080 --> 00:11:12,200 Speaker 1: No shortcuts, no knuckle. I hope you guys right to work. No, 212 00:11:12,800 --> 00:11:15,760 Speaker 1: I'll watch his team so while I don't know what 213 00:11:15,800 --> 00:11:19,160 Speaker 1: you think to do. Oh after his meeting, after his 214 00:11:19,280 --> 00:11:21,880 Speaker 1: brust covers first day, will you meeting to Boston? He staid, 215 00:11:22,200 --> 00:11:24,640 Speaker 1: where's gonna take it? To play? For me? Understand the 216 00:11:24,679 --> 00:11:27,240 Speaker 1: traditions of Seton Hall University. He's a Seton Hall along 217 00:11:27,360 --> 00:11:29,120 Speaker 1: his salary and seeing all me about two and a 218 00:11:29,080 --> 00:11:31,800 Speaker 1: half million, about ten times when he was making at St. Peter's. 219 00:11:31,880 --> 00:11:35,280 Speaker 1: All of Holloway. St. Peter's players attended the pressider in 220 00:11:35,360 --> 00:11:38,640 Speaker 1: South Orange gave their former coach a standing ovation. John 221 00:11:38,679 --> 00:11:41,959 Speaker 1: Stash were Bloomberg Sports Maybe John thanks SMP future is 222 00:11:41,960 --> 00:11:44,040 Speaker 1: now up twenty three point, staff futures up a hundred 223 00:11:44,080 --> 00:11:47,320 Speaker 1: seventy eight, Nastack futures up eight seven tenure treasury yield 224 00:11:47,320 --> 00:11:49,480 Speaker 1: two point four zero percent yield on the two year 225 00:11:49,559 --> 00:11:51,920 Speaker 1: close to two point three nine. That's a spread of 226 00:11:52,000 --> 00:11:55,040 Speaker 1: one basis point and nim X screwed is now up 227 00:11:55,080 --> 00:11:57,600 Speaker 1: three tenths percent at a hundred dollars fifty six cents 228 00:11:57,640 --> 00:12:08,400 Speaker 1: of barrel. You're listening to bloom Burg Daybreak. Bloomberg Daybreak 229 00:12:08,400 --> 00:12:10,480 Speaker 1: brought to you by the Jewish Communal Fund j CFS 230 00:12:10,480 --> 00:12:13,079 Speaker 1: donor Advice Fund is the smart choice to manage your philanthropy, 231 00:12:13,200 --> 00:12:16,280 Speaker 1: especially in times of crisis. Make your giving impactful. Visit 232 00:12:16,400 --> 00:12:23,079 Speaker 1: j c F n y dot org, markets headlines and 233 00:12:23,240 --> 00:12:26,480 Speaker 1: breaking news twenty four hours a day a Bloomberg dot com, 234 00:12:26,640 --> 00:12:30,240 Speaker 1: The Bloomberg Business Outland at Bloomberg quick Tape is a 235 00:12:30,280 --> 00:12:40,079 Speaker 1: Bloomberg Business clash and I'm Karen Moscow. Stocks and futures 236 00:12:40,120 --> 00:12:43,560 Speaker 1: are rising as investors evaluate the economic outlook amid tightening 237 00:12:43,640 --> 00:12:46,559 Speaker 1: monetary policy and Russia's war in Ukraine. We checked the 238 00:12:46,600 --> 00:12:49,920 Speaker 1: markets every fifteen minutes throughout the trading day on Bloomberg. 239 00:12:50,000 --> 00:12:52,240 Speaker 1: Right now, S and P futures are up twenty three points. 240 00:12:52,520 --> 00:12:55,360 Speaker 1: DAL futures up a hundred seventy three and NASTAG futures 241 00:12:55,400 --> 00:12:58,600 Speaker 1: up eighty four. The decks in Germany's up half percent ten. 242 00:12:58,679 --> 00:13:01,400 Speaker 1: Your treasury down seventy in thirty seconds yield two point 243 00:13:01,480 --> 00:13:03,600 Speaker 1: four percent. They yield them at two year two point 244 00:13:03,640 --> 00:13:06,720 Speaker 1: three eight percent. Nimex for oil is up to tens 245 00:13:06,760 --> 00:13:08,920 Speaker 1: per cent or eighteen cents, and a hundred dollars forty 246 00:13:08,960 --> 00:13:11,760 Speaker 1: six cents of barrel comex skull down nine tenths percent 247 00:13:11,880 --> 00:13:14,680 Speaker 1: or seventeen dollars ten cents at nineteen thirty six eighty 248 00:13:14,720 --> 00:13:17,720 Speaker 1: announce the euro one point one zero five three against 249 00:13:17,760 --> 00:13:20,120 Speaker 1: the dollar, British found one point three one three six, 250 00:13:20,440 --> 00:13:22,959 Speaker 1: the UN at one two point three nine and checking 251 00:13:23,000 --> 00:13:25,839 Speaker 1: bitcoin it's down one and a half percent at forty 252 00:13:25,920 --> 00:13:29,400 Speaker 1: five thousand is seventy five dollars. That's a Bloomberg business flash. 253 00:13:29,480 --> 00:13:31,400 Speaker 1: Now here's Michael Barrow with more on what's going on 254 00:13:31,480 --> 00:13:35,040 Speaker 1: around the world. Michael Darren, thank you very much. Russia 255 00:13:35,120 --> 00:13:38,520 Speaker 1: claims Ukrainian forces have attacked a fuel depot across the 256 00:13:38,559 --> 00:13:41,280 Speaker 1: border inside of Russia. If it's confirmed, it would be 257 00:13:41,360 --> 00:13:44,120 Speaker 1: the first Ukrainian air strike on the Russian soil since 258 00:13:44,160 --> 00:13:48,120 Speaker 1: the War started. Meanwhile, Ukrainian authorities say Russian troops have 259 00:13:48,400 --> 00:13:51,959 Speaker 1: left the heavily contaminated to a Nobyl nuclear site. It 260 00:13:52,120 --> 00:13:55,199 Speaker 1: comes as Russian in firms. Talks will resume today with 261 00:13:55,440 --> 00:13:59,959 Speaker 1: Ukraine via video link. The European Union will seek China's reassuring. 262 00:14:00,000 --> 00:14:04,160 Speaker 1: This is that it will not assist Russia in circumventing 263 00:14:04,200 --> 00:14:07,320 Speaker 1: economic sensions leveled over the invasion of Ukraine at an 264 00:14:07,400 --> 00:14:10,880 Speaker 1: annual summit. Today. In the NBA, the Nets lost in 265 00:14:10,960 --> 00:14:13,720 Speaker 1: the NHL, the Bruins put a pitchfork in the Devil's 266 00:14:13,840 --> 00:14:18,040 Speaker 1: eight on the Islanders won Global News twenty four hours 267 00:14:18,120 --> 00:14:20,680 Speaker 1: a day on air and on Bloomberg Quick Takes, powered 268 00:14:20,680 --> 00:14:23,160 Speaker 1: by more than the seven hundred journalists analysts more than 269 00:14:23,560 --> 00:14:27,000 Speaker 1: twenty countries. Michael Barr, This is Bloomberg. Nathan Okay, Michael, 270 00:14:27,040 --> 00:14:29,240 Speaker 1: Thanks at six nineteen on Wall Street Live from the 271 00:14:29,280 --> 00:14:32,920 Speaker 1: Bloomberg Interactive Brokers studios. This is Bloomberg Daybreak, and we're 272 00:14:33,000 --> 00:14:35,760 Speaker 1: joined once again this morning by Mark Champion, Senior reporter 273 00:14:35,840 --> 00:14:39,720 Speaker 1: for International Affairs for Bloomberg News. As we monitor developments 274 00:14:39,920 --> 00:14:42,120 Speaker 1: in the war in Ukraine, and it does seem as 275 00:14:42,160 --> 00:14:45,360 Speaker 1: though Mark, we are seeing some pretty significant developments. If 276 00:14:45,480 --> 00:14:49,120 Speaker 1: this report pans out from Russia that Ukraine actually crossed 277 00:14:49,160 --> 00:14:52,760 Speaker 1: its border and went on the offensive against an oil 278 00:14:52,880 --> 00:14:56,760 Speaker 1: tank facility in the Russian territory, is this a sign 279 00:14:56,800 --> 00:15:00,800 Speaker 1: that tables are turning well. Not necess necessarily that, but 280 00:15:00,920 --> 00:15:06,120 Speaker 1: it is a sign that the Ukrainians are doubling down 281 00:15:06,200 --> 00:15:08,680 Speaker 1: really on a tactic that's been very successful for them 282 00:15:08,720 --> 00:15:13,120 Speaker 1: so far, which is to attack Russian logistics behind the lines. 283 00:15:13,720 --> 00:15:16,360 Speaker 1: This time it's it's different. Instead of going for fuel 284 00:15:16,400 --> 00:15:20,080 Speaker 1: tankers along the roads, which they've hit a lot, they've 285 00:15:20,160 --> 00:15:23,120 Speaker 1: hit a fuel depot in Bilgorod, which is just on 286 00:15:23,240 --> 00:15:26,280 Speaker 1: the other side of the border, a key supply route 287 00:15:26,360 --> 00:15:29,440 Speaker 1: into the eastern Don Bass territories, which is where Russia 288 00:15:29,520 --> 00:15:34,080 Speaker 1: says it's now going to concentrate it's it's offensives, So 289 00:15:34,200 --> 00:15:36,480 Speaker 1: it's kind of drawing down above Kiev and in the 290 00:15:36,600 --> 00:15:40,680 Speaker 1: north and and pushing in resources into the east. So 291 00:15:40,760 --> 00:15:44,840 Speaker 1: it's a very smart and logical move for the Ukrainians 292 00:15:44,880 --> 00:15:47,640 Speaker 1: to make. Really. Now we're also hearing reports as well 293 00:15:47,720 --> 00:15:52,000 Speaker 1: that Russian forces are pulling away near the Chernobyl facility, 294 00:15:52,160 --> 00:15:55,360 Speaker 1: and Ukraine is saying it's taking more territory and some 295 00:15:55,640 --> 00:15:59,240 Speaker 1: villages as well. Can you catch us up on that. Yes, 296 00:15:59,560 --> 00:16:01,800 Speaker 1: we don't, you know, we don't yet have a lot 297 00:16:01,880 --> 00:16:05,040 Speaker 1: of confirmed data. But it does look like the Russians 298 00:16:05,160 --> 00:16:09,120 Speaker 1: are pulling back towards the yellous uh, and the Ukrainians 299 00:16:09,160 --> 00:16:12,280 Speaker 1: are sort of harassing them as they go. Uh. And 300 00:16:13,000 --> 00:16:16,480 Speaker 1: they say that some forty villages around the country have 301 00:16:16,640 --> 00:16:19,240 Speaker 1: been taken, But we don't, you know, we were. That's 302 00:16:19,480 --> 00:16:22,280 Speaker 1: very difficult to confirm, and as always in the war, 303 00:16:22,440 --> 00:16:25,560 Speaker 1: each side tends to exaggerate their successes and under under 304 00:16:26,320 --> 00:16:30,240 Speaker 1: report on their their losses. But nevertheless, it does seem 305 00:16:30,280 --> 00:16:33,480 Speaker 1: like there's some movement now while we continue to try 306 00:16:33,520 --> 00:16:36,400 Speaker 1: to confirm these reports from the ground, how does this 307 00:16:36,560 --> 00:16:39,440 Speaker 1: set us up for the resumption of talks that now 308 00:16:39,560 --> 00:16:44,840 Speaker 1: both sides say is going to happen remotely today. Yes, 309 00:16:44,920 --> 00:16:48,440 Speaker 1: they're gonna have another round according to the Russians of 310 00:16:48,960 --> 00:16:54,240 Speaker 1: UM remote talks today. Uh. They haven't gone very far 311 00:16:54,440 --> 00:16:58,120 Speaker 1: so far. UM. They have come to agreement on some 312 00:16:58,320 --> 00:17:00,800 Speaker 1: of the what are not necessarily agreement, but they've on 313 00:17:00,880 --> 00:17:05,640 Speaker 1: an agreement in principle on some of the more diplomatic areas. 314 00:17:05,760 --> 00:17:09,520 Speaker 1: But territory is the real problem, which remains unaddressed. Uh, 315 00:17:09,720 --> 00:17:13,920 Speaker 1: and that as we can see, Um, it's still if 316 00:17:14,200 --> 00:17:16,000 Speaker 1: you know, we're in a phase of facts being made 317 00:17:16,080 --> 00:17:19,440 Speaker 1: on the ground, as as often in these situations, the 318 00:17:19,560 --> 00:17:24,680 Speaker 1: things continue simultaneously with the each side trying to make 319 00:17:25,200 --> 00:17:26,720 Speaker 1: the facts on the ground that they can use as 320 00:17:26,800 --> 00:17:29,680 Speaker 1: leverage and talks. Are we still facing, or at least 321 00:17:29,720 --> 00:17:33,359 Speaker 1: as Ukraine still facing that trust yap with Russia needing 322 00:17:33,640 --> 00:17:36,640 Speaker 1: UH ceasefire to be agreed to before they can get 323 00:17:36,680 --> 00:17:40,639 Speaker 1: to some of those more thorny issues. Well, ceasefire is 324 00:17:40,760 --> 00:17:44,000 Speaker 1: very likely to be the first stage. The difficulty is 325 00:17:44,960 --> 00:17:47,720 Speaker 1: for Russia to you know, really have a ceasefire and 326 00:17:47,800 --> 00:17:51,399 Speaker 1: start pulling troops out. Uh. You know that loses them 327 00:17:51,560 --> 00:17:54,520 Speaker 1: leverage on the ground. They obviously have the dominant force, 328 00:17:55,440 --> 00:17:57,920 Speaker 1: So you know, it's it's it's a it should be 329 00:17:58,040 --> 00:18:00,880 Speaker 1: a simple issue, but it's actually extreme difficult to get 330 00:18:00,960 --> 00:18:04,040 Speaker 1: to get to agreement as you kind of stage it 331 00:18:04,119 --> 00:18:06,520 Speaker 1: in such a way as neither side thinks they're losing out. 332 00:18:06,880 --> 00:18:10,439 Speaker 1: And you mentioned that the biggest issue for both sides 333 00:18:10,640 --> 00:18:13,600 Speaker 1: is the issue of territory, But what about the neutral 334 00:18:13,760 --> 00:18:18,480 Speaker 1: status idea that Ukraine is at least sounding open to 335 00:18:18,600 --> 00:18:22,840 Speaker 1: the idea of some sort of neutral status is that 336 00:18:23,080 --> 00:18:26,359 Speaker 1: potentially somewhere that both sides can sort of come to 337 00:18:26,400 --> 00:18:30,080 Speaker 1: the middle on Yes, I know that that should be 338 00:18:30,200 --> 00:18:34,440 Speaker 1: relatively easy to do us strangely because it was, you know, 339 00:18:34,600 --> 00:18:40,119 Speaker 1: such a big issue leading into the warm but there 340 00:18:40,280 --> 00:18:43,960 Speaker 1: was always some room for maneuver there. At various times 341 00:18:44,119 --> 00:18:47,840 Speaker 1: Ukraine has had neutrality written into its law. Um, it 342 00:18:48,160 --> 00:18:51,560 Speaker 1: was always possible, but it's you know, there's a lot 343 00:18:51,640 --> 00:18:54,200 Speaker 1: of devil in the detail there as to what that means, 344 00:18:54,440 --> 00:18:56,639 Speaker 1: what kind of you know, Russia also wants to go 345 00:18:57,119 --> 00:19:00,560 Speaker 1: with that. It wants demilitarization. And the flip side to 346 00:19:00,680 --> 00:19:02,520 Speaker 1: that is that the Ukraine is there saying, well, if 347 00:19:02,560 --> 00:19:05,199 Speaker 1: you want us to reduce make commitments about what kind 348 00:19:05,240 --> 00:19:07,919 Speaker 1: of weaponry will have, then we need security guarantees from 349 00:19:07,960 --> 00:19:11,119 Speaker 1: other countries. And then immediately you start getting into what 350 00:19:11,400 --> 00:19:14,480 Speaker 1: is newtralgy in that case. If you have security guarantees 351 00:19:14,480 --> 00:19:17,640 Speaker 1: from other countries, all right, well, of course, continue monitoring 352 00:19:17,680 --> 00:19:20,879 Speaker 1: the talks as they get underway and any readouts that 353 00:19:21,040 --> 00:19:24,440 Speaker 1: come out from either side. Mark Champion, senior reporter for 354 00:19:24,520 --> 00:19:27,920 Speaker 1: international affairs for Bloomberg News. As always, thanks for getting 355 00:19:28,000 --> 00:19:30,760 Speaker 1: us the latest on what's happening in the war in Ukraine. 356 00:19:31,080 --> 00:19:34,200 Speaker 1: Looking ahead to the market, Open futures are moving higher 357 00:19:34,240 --> 00:19:36,280 Speaker 1: on this first day of the second quarter and ahead 358 00:19:36,320 --> 00:19:39,320 Speaker 1: of the March jobs report. S and P futures up 359 00:19:39,400 --> 00:19:42,520 Speaker 1: twenty two points. DAL future is up a hundred sixty six. 360 00:19:42,640 --> 00:19:46,399 Speaker 1: NASTAC futures are higher by eighty four points. Looking at 361 00:19:46,400 --> 00:19:49,200 Speaker 1: a flattening yield curve, with the ten year treasury down 362 00:19:49,480 --> 00:19:52,680 Speaker 1: sixteen thirty seconds, the yield of two point three nine percent, 363 00:19:52,800 --> 00:19:55,399 Speaker 1: the yield on the two year two point three seven 364 00:19:56,400 --> 00:19:58,360 Speaker 1: Much more to come, including a look ahead to March 365 00:19:58,520 --> 00:20:01,880 Speaker 1: jobs and Amazon pri ming for a union drive. Five 366 00:20:01,960 --> 00:20:03,960 Speaker 1: things you need to notice start your day on Bloomberg 367 00:20:04,080 --> 00:20:10,280 Speaker 1: day Break. Bloombergday Break brought to you by Ancient Accountants 368 00:20:10,280 --> 00:20:13,399 Speaker 1: and advisers. Challenging times call for proactive advisors who help 369 00:20:13,440 --> 00:20:16,440 Speaker 1: minimize taxes, increase cash flow, and create opportunities for the 370 00:20:16,560 --> 00:20:23,080 Speaker 1: future of your business. Visit Ancient dot Com broadcasting live 371 00:20:23,280 --> 00:20:27,200 Speaker 1: from the Bloomberg Interactive Broker Studio in New York. Bloomberg 372 00:20:27,240 --> 00:20:31,280 Speaker 1: E Living Freedom to Washington, d C. Bloomberg to Boston, 373 00:20:31,400 --> 00:20:35,320 Speaker 1: Bloomberg one oh six one to San Francisco, Bloomberg nine sixteen, 374 00:20:35,359 --> 00:20:38,560 Speaker 1: to the country, Sirius XM Chado one nineteen and around 375 00:20:38,600 --> 00:20:42,160 Speaker 1: the globe, the Bloomberg Business apt and Bloomberg Radio dot com. 376 00:20:42,560 --> 00:20:50,880 Speaker 1: This is Bloomberg day Break six thirty on Wall Street. 377 00:20:50,880 --> 00:20:53,680 Speaker 1: Good morning, I'm Nathan Hagar and I'm Karen Mostow. Just 378 00:20:53,800 --> 00:20:56,240 Speaker 1: about three hours away from the open of US trading 379 00:20:56,320 --> 00:20:58,080 Speaker 1: time for the five things you need to notice start 380 00:20:58,160 --> 00:21:01,320 Speaker 1: your day. Brought to you by Interactive Brokers. Interactive Brokers 381 00:21:01,440 --> 00:21:04,119 Speaker 1: charges margin loan rates from zero point eight three percent 382 00:21:04,240 --> 00:21:06,400 Speaker 1: to one point eight three percent, rates subject to change. 383 00:21:06,640 --> 00:21:09,760 Speaker 1: Learn more at ibk R dot com. Slash compare. First, 384 00:21:09,840 --> 00:21:12,240 Speaker 1: the tables maybe turning in the war in Ukraine. Russia 385 00:21:12,280 --> 00:21:15,720 Speaker 1: says to Ukrainian helicopters hit a Russian oil tank facility, 386 00:21:15,960 --> 00:21:18,920 Speaker 1: and Ukraine said it's retaken territory in the Curson and 387 00:21:19,040 --> 00:21:22,480 Speaker 1: Turnitive regions. President Biden said the war is not going 388 00:21:22,560 --> 00:21:26,000 Speaker 1: well for Vladimir Putin. I'm not saying this with a certainty. 389 00:21:26,520 --> 00:21:30,240 Speaker 1: He seems to be self isolated, and there's some indication 390 00:21:30,400 --> 00:21:34,240 Speaker 1: that he has um fired or put under house arrest 391 00:21:34,320 --> 00:21:37,000 Speaker 1: some of his advisors. Talks between Ukraine and Rush our 392 00:21:37,080 --> 00:21:39,680 Speaker 1: set to resume by video today. Meantime, carring the White 393 00:21:39,720 --> 00:21:42,919 Speaker 1: House decision to release US strategic oil reserves, has crewed 394 00:21:42,960 --> 00:21:45,720 Speaker 1: on track for its biggest weekly loss in almost two years. 395 00:21:45,760 --> 00:21:49,359 Speaker 1: It dropped seven percent yesterday. Right now West Texas Intermediates 396 00:21:49,400 --> 00:21:51,920 Speaker 1: at a hundred dollars seven cents of barrel. It's the 397 00:21:52,000 --> 00:21:54,280 Speaker 1: beginning of their second quarter, Nathan. More than three trillion 398 00:21:54,359 --> 00:21:56,560 Speaker 1: dollars were erased room bond and equity values in the 399 00:21:56,640 --> 00:21:59,400 Speaker 1: first quarter. The SNP five hunrey dropped four point nine 400 00:21:59,400 --> 00:22:02,040 Speaker 1: percent this morning at S and P futures are up 401 00:22:02,119 --> 00:22:04,560 Speaker 1: twenty two points and for markets today, of course, it's 402 00:22:04,560 --> 00:22:08,000 Speaker 1: all about March jobs. Economists surveyed by Bloomberg forecasting gain 403 00:22:08,040 --> 00:22:11,200 Speaker 1: of almost a half million. Bloomberg's Viney del Judas has more. 404 00:22:11,400 --> 00:22:14,040 Speaker 1: America's economy is at it about one point two million 405 00:22:14,160 --> 00:22:17,200 Speaker 1: jobs since the start of the year, job openings toward 406 00:22:17,280 --> 00:22:19,879 Speaker 1: eleven point three million in February, just shy of a 407 00:22:20,000 --> 00:22:23,440 Speaker 1: record Bloombreak economics labor market is room to run, with 408 00:22:23,560 --> 00:22:27,560 Speaker 1: payroll still below February twenties peak just before the pandemic 409 00:22:27,720 --> 00:22:31,199 Speaker 1: landed in the US. Look at weekly jobless claims, they 410 00:22:31,320 --> 00:22:33,800 Speaker 1: dropped to a half century low in mid March. They 411 00:22:33,840 --> 00:22:36,560 Speaker 1: had been running in the millions in the early stages 412 00:22:36,640 --> 00:22:40,119 Speaker 1: of the pandemic. Finny del Judais Bloomberg Degree Right, Finny, 413 00:22:40,160 --> 00:22:42,040 Speaker 1: thank you. Let's turn to corporate news now with a 414 00:22:42,080 --> 00:22:44,639 Speaker 1: focus on the world's largest retail site. The person to 415 00:22:44,720 --> 00:22:47,800 Speaker 1: unionize at Amazon is growing. Bloomberg's Raedy Young joins us 416 00:22:47,840 --> 00:22:49,960 Speaker 1: live with the latest. Good Morning, Ready to have morning, Karen. 417 00:22:50,000 --> 00:22:53,080 Speaker 1: The upstart Amazon labor union in Staten Island is closer 418 00:22:53,119 --> 00:22:55,639 Speaker 1: to forming. Workers who want to organize are leading by 419 00:22:55,680 --> 00:22:57,960 Speaker 1: more than three hundred fifty votes out of about twenty 420 00:22:58,000 --> 00:23:01,600 Speaker 1: six hundred talied, and that count will continue today. Meantime, 421 00:23:01,640 --> 00:23:04,920 Speaker 1: Amazon warehouse workers in Alabama voted to reject a union 422 00:23:04,920 --> 00:23:07,800 Speaker 1: in a tight race yesterday, but the National Labor Relations 423 00:23:07,880 --> 00:23:10,240 Speaker 1: Board says about a quarter of the votes are challenged 424 00:23:10,440 --> 00:23:13,400 Speaker 1: and will need to be reviewed. Those could potentially change 425 00:23:13,440 --> 00:23:15,879 Speaker 1: the outcome. Live in New York, I'm renaed a Young 426 00:23:15,920 --> 00:23:17,960 Speaker 1: Bloomberg day break right, re need to thank you. That's 427 00:23:17,960 --> 00:23:19,840 Speaker 1: the five things you need to notice start your day. 428 00:23:19,920 --> 00:23:23,160 Speaker 1: Brought to you by Interactive Brokers and futures are higher 429 00:23:23,240 --> 00:23:26,760 Speaker 1: this morning. SMP futures up twenty two points and a 430 00:23:26,920 --> 00:23:30,359 Speaker 1: straight ahead your latest local headlines, plus a check of 431 00:23:30,520 --> 00:23:39,520 Speaker 1: sports and this is Bloomberg. Thanks Karen sixty three On 432 00:23:39,520 --> 00:23:41,760 Speaker 1: Wall Street, fifty five degrees in Central Park. We got 433 00:23:41,800 --> 00:23:44,000 Speaker 1: an accident on the westbound Grand Central Parkway at the 434 00:23:44,040 --> 00:23:46,639 Speaker 1: b Queie the Tails coming up in traffic first Michael 435 00:23:46,680 --> 00:23:48,560 Speaker 1: Barr with more on what's going on in New York 436 00:23:48,680 --> 00:23:50,760 Speaker 1: and around the world. Once again, Good morning, Michael, Good 437 00:23:50,840 --> 00:23:54,439 Speaker 1: morning Nathan. A. Judges ordered New York's Democratic control legislature 438 00:23:54,520 --> 00:23:58,560 Speaker 1: to redraw the state's congressional and legislative districts after finding 439 00:23:58,640 --> 00:24:03,520 Speaker 1: they were unconstitutional. State Trial Court judge Patrick McAllister said 440 00:24:03,520 --> 00:24:06,760 Speaker 1: in a ruling that the maps redrawing the state's congressional 441 00:24:06,840 --> 00:24:10,680 Speaker 1: districts were jerrymander to benefit the Democrats. The judge gave 442 00:24:10,760 --> 00:24:14,200 Speaker 1: lawmakers until April eleventh to redo the maps. If their 443 00:24:14,320 --> 00:24:16,880 Speaker 1: new maps failed to pass muster in the courts again, 444 00:24:17,280 --> 00:24:19,160 Speaker 1: the judge said he would order the state to pay 445 00:24:19,280 --> 00:24:22,680 Speaker 1: for a court approved expert to redraw the maps. The 446 00:24:22,760 --> 00:24:26,880 Speaker 1: federal judges overturned most of a restrictive Florida voting law, 447 00:24:27,200 --> 00:24:30,680 Speaker 1: calling it discriminatory. The judge has ruled that the sections 448 00:24:30,720 --> 00:24:35,440 Speaker 1: of the law, including read districting voting by mail and 449 00:24:35,560 --> 00:24:38,160 Speaker 1: we're restricting voting by mail and the use of drop 450 00:24:38,280 --> 00:24:42,199 Speaker 1: boxes were unconstitutional. Florida Governor around the sentence, it's an 451 00:24:42,240 --> 00:24:45,040 Speaker 1: election integrity law. I wouldn't say it's a restriction at all. 452 00:24:45,080 --> 00:24:48,320 Speaker 1: To have somebody show identification is not a restriction. It's 453 00:24:48,400 --> 00:24:50,840 Speaker 1: common sense and some of the other things we did. 454 00:24:51,359 --> 00:24:54,480 Speaker 1: Governor de Santis says the state will appeal. Police in 455 00:24:54,520 --> 00:24:56,760 Speaker 1: New York City need your help after his shooting in 456 00:24:56,800 --> 00:24:59,680 Speaker 1: Brooklyn last night, had left the twelve year old boy dad. 457 00:24:59,720 --> 00:25:01,600 Speaker 1: He was kild while sitting in a park vehicle with 458 00:25:01,720 --> 00:25:04,480 Speaker 1: two relatives. Authorities say a twenty year old woman in 459 00:25:04,600 --> 00:25:07,000 Speaker 1: the driver's seat was also hit by the gunfire, but 460 00:25:07,240 --> 00:25:10,359 Speaker 1: is expected to survive. Speaking to reporters from the scene, 461 00:25:10,400 --> 00:25:14,000 Speaker 1: and YPD Assistant Chief Michael Kemper, no, that's senseless shooting 462 00:25:15,040 --> 00:25:18,600 Speaker 1: this time the shooting involving the death of a twelve 463 00:25:18,720 --> 00:25:22,080 Speaker 1: year old child. Assistant Chief Kemper was joined by New 464 00:25:22,160 --> 00:25:25,000 Speaker 1: York Mayor Eric Addams. We're gonna just this shoot up. 465 00:25:25,320 --> 00:25:27,000 Speaker 1: But as long as we have guns and we're going 466 00:25:27,080 --> 00:25:29,800 Speaker 1: to be evolved into a system, we're going to continue 467 00:25:29,800 --> 00:25:32,200 Speaker 1: to come to crime scenes like this. It's time point 468 00:25:32,280 --> 00:25:35,280 Speaker 1: to stop. Mayor Adam said at least eleven rounds were 469 00:25:35,359 --> 00:25:38,879 Speaker 1: fired at the scene in East Flatbush. New Jersey. Governor 470 00:25:38,880 --> 00:25:41,640 Speaker 1: Phil Murphy has COVID. The spokesperson for the governor says 471 00:25:41,720 --> 00:25:45,160 Speaker 1: Murphy has tested positive for COVID nineteen and will isolate 472 00:25:45,240 --> 00:25:48,760 Speaker 1: for five days. A panel member says former President Donald 473 00:25:48,800 --> 00:25:51,520 Speaker 1: Trump's son in law and White House advisor Jared Kushner 474 00:25:51,800 --> 00:25:56,400 Speaker 1: provided valuable information during private questioning by the House committee 475 00:25:56,440 --> 00:25:59,920 Speaker 1: investigating the attack on the Capitol, while declining to specify 476 00:26:00,200 --> 00:26:03,920 Speaker 1: what he provided, Representative Elaine Luria of Virginia said that 477 00:26:04,080 --> 00:26:08,040 Speaker 1: Kushnier voluntarily spoke to the committee. Global News twenty four 478 00:26:08,080 --> 00:26:10,400 Speaker 1: hours a day on it or end on Bloomberg quick Take, 479 00:26:10,640 --> 00:26:13,600 Speaker 1: powered by more than twenty seven under journalist and analysts 480 00:26:13,640 --> 00:26:16,760 Speaker 1: more than a hundred twenty countries. Michael barn This is Bloomberg, Nathan, 481 00:26:16,920 --> 00:26:23,920 Speaker 1: Thank you, Michael, almost six thirty six on Wall Streets 482 00:26:23,920 --> 00:26:26,320 Speaker 1: and for the Bloomberg Sports update. Here again is John Stash. 483 00:26:26,520 --> 00:26:28,840 Speaker 1: Thank Nathan. There was an elbow injury that prevented Jacob 484 00:26:28,840 --> 00:26:30,919 Speaker 1: the Ground from pitching the second half of last season, 485 00:26:31,000 --> 00:26:34,360 Speaker 1: but the Metsies has had virtually every injury his neck, 486 00:26:34,560 --> 00:26:38,040 Speaker 1: his back, lat forearm, now for a second time an 487 00:26:38,080 --> 00:26:40,640 Speaker 1: issue with his shoulder to ground felt tightness while doing 488 00:26:40,680 --> 00:26:43,480 Speaker 1: some long tossing, so he won't pitch that schedule today. 489 00:26:43,480 --> 00:26:45,440 Speaker 1: Instead will have an m R I. The hope still 490 00:26:45,920 --> 00:26:48,120 Speaker 1: is to have the ground pitch opening day next Thursday 491 00:26:48,480 --> 00:26:51,399 Speaker 1: in Washington. Milwaukee. Bucks last spray won a game seven 492 00:26:51,440 --> 00:26:54,280 Speaker 1: in Brooklyn in overtime, and the Bucks last night one 493 00:26:54,400 --> 00:26:57,520 Speaker 1: in Brooklyn in overtime. On one nineteen, Joanna Son of 494 00:26:57,560 --> 00:27:00,240 Speaker 1: the Cup of forty four points. His three point forced 495 00:27:00,280 --> 00:27:02,480 Speaker 1: the ot. He moved past Karema abdul Jabari became the 496 00:27:02,520 --> 00:27:04,760 Speaker 1: Bucks all time leading score. The Nets are now in 497 00:27:04,840 --> 00:27:07,720 Speaker 1: a three way tie for the eighth, ninth, and tent 498 00:27:07,800 --> 00:27:10,400 Speaker 1: spots in the East. Xavier, who just fired its coach, 499 00:27:10,480 --> 00:27:12,600 Speaker 1: hired a new one for next year. Meanwhile, won the 500 00:27:12,720 --> 00:27:14,440 Speaker 1: n I T at one point, went over Texas, A 501 00:27:14,560 --> 00:27:16,200 Speaker 1: and m at the Garden. The final four tomorrow in 502 00:27:16,200 --> 00:27:19,000 Speaker 1: New Orleans starts with Kansas in Villanova, and then it's 503 00:27:19,080 --> 00:27:22,720 Speaker 1: North Carolina versus arch Tribal Duke. Mike Chosky coaches a 504 00:27:22,840 --> 00:27:27,720 Speaker 1: young duke squad. They don't feel pressure, and I'm amazed 505 00:27:27,760 --> 00:27:32,040 Speaker 1: at the try to remember being that age would have 506 00:27:32,119 --> 00:27:36,080 Speaker 1: felt pressure and nervous and maybe a little bit afraid. 507 00:27:37,000 --> 00:27:39,600 Speaker 1: They're they're not. Of course, Coach K's career will either 508 00:27:39,800 --> 00:27:43,480 Speaker 1: end tomorrow or if not tomorrow, then definitely Monday. Bobby Wagner, 509 00:27:43,520 --> 00:27:46,639 Speaker 1: the veteran linebacker and released by Seattle, staying in the 510 00:27:46,760 --> 00:27:49,200 Speaker 1: NFC West, signed with the Super Bowl champion l A 511 00:27:49,359 --> 00:27:53,480 Speaker 1: Rams five years, fifty million. John stash Award Bloomberg Sports Okay, John, 512 00:27:53,520 --> 00:27:55,479 Speaker 1: Thanks six thirty seven on Wall Street. Time to take 513 00:27:55,520 --> 00:27:57,280 Speaker 1: a look at stock some of the names moving in 514 00:27:57,359 --> 00:27:59,719 Speaker 1: the pre market as we get ready to open up 515 00:27:59,760 --> 00:28:03,840 Speaker 1: the second quarter of Bloomberg's Law. Right is with us 516 00:28:03,960 --> 00:28:07,400 Speaker 1: this morning watching one of those meme stocks moving big 517 00:28:07,560 --> 00:28:12,639 Speaker 1: time on stock split news, not just any meme stock. 518 00:28:12,800 --> 00:28:16,080 Speaker 1: Nathan the post to child for meme stock, game Stock 519 00:28:16,200 --> 00:28:19,600 Speaker 1: rallying in the pre market. They plan to ask their 520 00:28:19,640 --> 00:28:22,360 Speaker 1: shareholders for a stock split in the form of a dividend, 521 00:28:22,920 --> 00:28:25,960 Speaker 1: and Gamesop is the latest firm to approve a stock split. 522 00:28:26,200 --> 00:28:30,120 Speaker 1: We've heard from Tesla, Amazon, Alphabet and this this move 523 00:28:30,240 --> 00:28:32,879 Speaker 1: is really in vogue with retail investors. Is typically it 524 00:28:32,920 --> 00:28:36,000 Speaker 1: reduces the price of a company, and they specifically want 525 00:28:36,040 --> 00:28:38,760 Speaker 1: to increase the number of class asias to one billion 526 00:28:39,000 --> 00:28:43,080 Speaker 1: from three million. And we had some pretty interesting news 527 00:28:43,120 --> 00:28:46,240 Speaker 1: across the Bloomberg terminal this morning that sparked a rally 528 00:28:46,400 --> 00:28:50,120 Speaker 1: for Chinese list or Chinese companies that are listed on 529 00:28:50,280 --> 00:28:54,040 Speaker 1: Wall Street. Yes, the Bloomberg scoop that Chinese authorities are 530 00:28:54,040 --> 00:28:58,240 Speaker 1: apparently willing to give US regulators access to auditing report. 531 00:28:58,640 --> 00:29:01,680 Speaker 1: As a result, was seeing Al Barber rallying seven percent 532 00:29:01,840 --> 00:29:04,480 Speaker 1: before the bell and buy do you up eight percent? 533 00:29:04,720 --> 00:29:07,200 Speaker 1: Those Chinese listed a d r S And there's been 534 00:29:07,200 --> 00:29:09,840 Speaker 1: a broader nervousness in the market that Chinese tech names 535 00:29:10,040 --> 00:29:13,840 Speaker 1: would be removed from US exchanges. Last night, the Nasdak 536 00:29:13,880 --> 00:29:16,680 Speaker 1: Golden Dragon China index closed down almost five and a 537 00:29:16,720 --> 00:29:19,640 Speaker 1: half percent overnight my time, i should say, And in fact, 538 00:29:19,720 --> 00:29:23,760 Speaker 1: that index posted its worst quarter since two thousand and eight. 539 00:29:23,800 --> 00:29:26,000 Speaker 1: So those Chinese tech name has been really under pressure. 540 00:29:26,120 --> 00:29:28,760 Speaker 1: But this headline should provide some upside. Let's go back 541 00:29:28,760 --> 00:29:30,680 Speaker 1: to Tesla. You mentioned them in terms of the stack 542 00:29:30,760 --> 00:29:34,720 Speaker 1: split news, but there's been some struggle for Tesla, particularly 543 00:29:34,800 --> 00:29:39,560 Speaker 1: with the lockdown happening in Shanghai. Yeah, Router's reporting that 544 00:29:39,960 --> 00:29:44,200 Speaker 1: Tessla they will close their Shanghai Gigga factory for another day. 545 00:29:44,720 --> 00:29:47,800 Speaker 1: That factory caught up in rolling lockdowns in China as 546 00:29:47,840 --> 00:29:51,680 Speaker 1: Beijing sticks to its zero COVID policy, and that really 547 00:29:51,920 --> 00:29:55,360 Speaker 1: underscores we're starting to see an economic contraction in China 548 00:29:55,400 --> 00:29:58,040 Speaker 1: as a result. Just this morning, the China Kaijing manufacturing 549 00:29:58,080 --> 00:30:00,800 Speaker 1: pm I slipping into contraction. So that's a worry for 550 00:30:00,920 --> 00:30:05,040 Speaker 1: international firms based there. And finally, Laura, we have an 551 00:30:05,120 --> 00:30:09,360 Speaker 1: analyst downgrade for a major PC maker in this country, Yes, 552 00:30:09,560 --> 00:30:13,160 Speaker 1: Del selling off eight tenths per percent in the pre market, 553 00:30:13,320 --> 00:30:17,440 Speaker 1: a downgrade from Goldman and Morgan Stanley. Really, this raises 554 00:30:17,480 --> 00:30:21,520 Speaker 1: the question is the market for personal computer devices saturated? 555 00:30:21,680 --> 00:30:26,680 Speaker 1: Many consumers upgraded their technological devices over the pandemic, were 556 00:30:26,720 --> 00:30:29,920 Speaker 1: starting to see demand normalize at a time when supply 557 00:30:30,080 --> 00:30:34,040 Speaker 1: chain congestion is tightening because of things like the war 558 00:30:34,120 --> 00:30:38,000 Speaker 1: in Ukraine inflation. Yeah, so Dell falling in the pre 559 00:30:38,120 --> 00:30:41,080 Speaker 1: market after a seven and a half percent drop yesterday 560 00:30:41,160 --> 00:30:44,040 Speaker 1: for the PC maker, Bloomberg's Laura, right, thanks for keeping 561 00:30:44,120 --> 00:30:46,240 Speaker 1: us up to speed on the pre market all week long. Really, 562 00:30:46,280 --> 00:30:48,560 Speaker 1: appreciate it as you take a look at stocks as 563 00:30:48,640 --> 00:30:52,000 Speaker 1: a whole. Ahead of this Friday morning open, futures are higher, 564 00:30:52,240 --> 00:30:54,960 Speaker 1: SMP futures up twenty one point, that futures up a 565 00:30:55,040 --> 00:30:57,680 Speaker 1: hundred fifty nine, and NASTAC futures on the rise by 566 00:30:57,840 --> 00:31:00,600 Speaker 1: seventy nine points. And tell your treasure right now down 567 00:31:00,800 --> 00:31:03,280 Speaker 1: fifteen thirty seconds with the yield two point three nine 568 00:31:03,640 --> 00:31:07,040 Speaker 1: yield on the two year two point three seven percent, 569 00:31:07,200 --> 00:31:09,640 Speaker 1: a spread of one and a half basis points, and 570 00:31:09,880 --> 00:31:12,120 Speaker 1: I'm x screwed is down two tenths percent now at 571 00:31:12,120 --> 00:31:15,680 Speaker 1: a hundred dollars seven cents of barrel. You're listening to 572 00:31:15,840 --> 00:31:24,479 Speaker 1: Bloomberg Daybreak Blomber eleven, three oh weather showers giving way 573 00:31:24,520 --> 00:31:27,120 Speaker 1: to partial sunshine today with a high near sixty degrees, 574 00:31:27,200 --> 00:31:30,239 Speaker 1: mid fifties, probably the mostly sunny tomorrow, more clouds than 575 00:31:30,320 --> 00:31:32,520 Speaker 1: sun's Sunday chance for a few showers, with higes in 576 00:31:32,560 --> 00:31:38,600 Speaker 1: the low fifties currently fifty four degrees. Markets, headlines and 577 00:31:38,760 --> 00:31:42,000 Speaker 1: breaking news twenty four hours a day at Bloomberg dot com, 578 00:31:42,080 --> 00:31:45,680 Speaker 1: Blo Bloomberg Business Out and at Bloomberg Quick Tape. He's 579 00:31:45,720 --> 00:31:54,840 Speaker 1: a Bloomberg Business lash, and I'm Karen, Moscow and futures 580 00:31:55,040 --> 00:31:57,200 Speaker 1: rising this morning. Let's go to the first word breaking 581 00:31:57,280 --> 00:31:59,960 Speaker 1: news dash for today's morning call. Here's Bill Maloney, Bill, 582 00:32:00,000 --> 00:32:03,400 Speaker 1: good morning, and good morning, Karen. That's right. US features 583 00:32:03,440 --> 00:32:05,960 Speaker 1: are in the green after yesterday's sell off without futures, 584 00:32:05,960 --> 00:32:08,800 Speaker 1: currently up a hundred and fifty six points. SUPs game 585 00:32:08,880 --> 00:32:12,680 Speaker 1: twenty one, Nasdick features rise by seventies seven he was 586 00:32:12,920 --> 00:32:15,200 Speaker 1: ten year old at two point four percent. Gold is 587 00:32:15,280 --> 00:32:18,480 Speaker 1: down five, Oil is little changed, but Bitcoin is down 588 00:32:18,520 --> 00:32:21,400 Speaker 1: by two and by four and a half percent. European 589 00:32:21,440 --> 00:32:23,360 Speaker 1: markets are also in the green, lived by games in 590 00:32:23,440 --> 00:32:25,880 Speaker 1: Italy and Spain and back in the US. On the 591 00:32:25,960 --> 00:32:29,720 Speaker 1: economic Frinday thirty of the March jobs reports at five 592 00:32:29,760 --> 00:32:32,600 Speaker 1: manufacturing p M I and at ten o'clock construction spending 593 00:32:32,920 --> 00:32:35,760 Speaker 1: and I s M manufacturing not to developers to night 594 00:32:35,840 --> 00:32:39,200 Speaker 1: game Stamp, Games Stop planned to split its stock, shows 595 00:32:39,200 --> 00:32:42,080 Speaker 1: her up fifteen percent pre market and other news. Black 596 00:32:42,160 --> 00:32:44,720 Speaker 1: Rocket is cutting fees on et F s and a 597 00:32:44,800 --> 00:32:49,360 Speaker 1: deal news. Toshiba climbed after its largest shareholders spurred speculation 598 00:32:49,480 --> 00:32:52,880 Speaker 1: of a takeover bid by Bain Capital. Rapid Things Up. 599 00:32:52,920 --> 00:32:55,160 Speaker 1: Del was cut to neutral at Goldman SAX Co America 600 00:32:55,280 --> 00:32:58,960 Speaker 1: raised overweight over at JP Morgan live from the First 601 00:32:59,120 --> 00:33:01,920 Speaker 1: Record News desk, gone, Bill Maloney, care Parry, Bill, thank 602 00:33:01,960 --> 00:33:04,120 Speaker 1: you and to hear live breaking news O Her Bloomberg 603 00:33:04,200 --> 00:33:06,880 Speaker 1: type squawk on your terminal. Ascue you a w K 604 00:33:07,080 --> 00:33:09,400 Speaker 1: and that's a Bloomberg business flash. Now here's Michael Barr 605 00:33:09,520 --> 00:33:13,480 Speaker 1: with more on what's going on around the world. Michael Karen, 606 00:33:13,560 --> 00:33:16,160 Speaker 1: thank you very much. Talks between Ukraine and Russia will 607 00:33:16,200 --> 00:33:19,960 Speaker 1: resume today via video link, following meetings earlier this week 608 00:33:20,120 --> 00:33:24,200 Speaker 1: in Turkey. Well. Russia also said that to Ukrainian military 609 00:33:24,280 --> 00:33:27,640 Speaker 1: helicopters made a rare strike across the border, hitting an 610 00:33:27,640 --> 00:33:31,320 Speaker 1: oil tank facility in the city of Belgarade. There was 611 00:33:31,360 --> 00:33:35,240 Speaker 1: no immediate confirmation from Kiev. President Joe Biden said Russian 612 00:33:35,280 --> 00:33:37,440 Speaker 1: leader of Vladimir Putin may have fired some of his 613 00:33:37,520 --> 00:33:41,920 Speaker 1: advisers or put them under house arrest. Biden says it's 614 00:33:41,920 --> 00:33:44,560 Speaker 1: an open question as to whether Putin is fully informed 615 00:33:44,880 --> 00:33:48,320 Speaker 1: on his military's performance in Ukraine, in the NBA, the 616 00:33:48,440 --> 00:33:51,200 Speaker 1: Nets lost in the NHL, the Bruins down, the Devil's 617 00:33:51,200 --> 00:33:55,160 Speaker 1: Eight one, the Islanders one. Global News twenty four hours 618 00:33:55,200 --> 00:33:57,840 Speaker 1: a day on air and on Bloomberg quicktake powered by 619 00:33:57,880 --> 00:34:00,800 Speaker 1: more than twenty seven hundred generalis f analyists more than 620 00:34:01,240 --> 00:34:05,280 Speaker 1: twenty countries. Michael Barr and this is Bloomberg. Karen, right, Michael, 621 00:34:05,320 --> 00:34:07,520 Speaker 1: thank you. Sixty nine on Wall Street, we turned to 622 00:34:07,600 --> 00:34:10,279 Speaker 1: news now in science and technology with a Bloomberg n 623 00:34:10,320 --> 00:34:12,840 Speaker 1: j i T STEM Report. It is brought to you 624 00:34:13,000 --> 00:34:15,440 Speaker 1: by New Jersey Institute of Technology. N j I T 625 00:34:15,600 --> 00:34:18,560 Speaker 1: makes industry ready engineers and more than twenty fields. If 626 00:34:18,600 --> 00:34:20,799 Speaker 1: it's engineering, it's at n j I T. Learn more 627 00:34:20,840 --> 00:34:23,000 Speaker 1: at n j I T DOT E d U. And 628 00:34:23,040 --> 00:34:26,040 Speaker 1: now here's this making news and science, technology, engineering, and math. 629 00:34:26,440 --> 00:34:29,360 Speaker 1: The houses move forward. A key piece of President Biden's 630 00:34:29,440 --> 00:34:33,080 Speaker 1: drug pricing agenda, lawmakers voted to limit what, in short, 631 00:34:33,080 --> 00:34:36,040 Speaker 1: Americans pay for insulent thirty five dollars a month. Now 632 00:34:36,120 --> 00:34:38,120 Speaker 1: it's up to the Senate, where by partisan group is 633 00:34:38,160 --> 00:34:42,080 Speaker 1: coming up with its own insulin proposal. Shanghai has started 634 00:34:42,160 --> 00:34:45,680 Speaker 1: part two of its phase lockdown, confining some sixteen million 635 00:34:45,760 --> 00:34:47,640 Speaker 1: people living in the western half of the city to 636 00:34:47,680 --> 00:34:50,600 Speaker 1: their homes after ending a four day lockdown to the east. 637 00:34:50,920 --> 00:34:53,680 Speaker 1: Residents in the western part of the Chinese financial hub, 638 00:34:53,719 --> 00:34:57,160 Speaker 1: where about two thirds of Shanghai's population lives where confined 639 00:34:57,200 --> 00:35:00,279 Speaker 1: to their homes this morning, and scientists say they have 640 00:35:00,440 --> 00:35:03,719 Speaker 1: finally assembled the full genetic blueprint for your human life, 641 00:35:04,000 --> 00:35:07,160 Speaker 1: adding the missing pieces to a puzzle nearly completed two 642 00:35:07,200 --> 00:35:10,680 Speaker 1: decades ago. In research published in the journal Science, and 643 00:35:10,760 --> 00:35:14,040 Speaker 1: international team describe the first ever sequencing of a complete 644 00:35:14,160 --> 00:35:17,240 Speaker 1: human genome. This set of instructions do build and sustain 645 00:35:17,280 --> 00:35:20,480 Speaker 1: a human being. Scientists say this full picture of the 646 00:35:20,560 --> 00:35:23,759 Speaker 1: genome will give humanity a greater understanding of our evolution 647 00:35:23,880 --> 00:35:27,400 Speaker 1: and biology, while also opening the door to medical discoveries 648 00:35:27,440 --> 00:35:31,960 Speaker 1: and areas like aging, neurodegenerative conditions, cancer and heart disease, 649 00:35:32,239 --> 00:35:34,960 Speaker 1: and as a Bloomberg and J. A. T. Stem report, Nathan, 650 00:35:35,120 --> 00:35:37,239 Speaker 1: groundbreaking stuff. All right, Karen, thank you for that. We 651 00:35:37,360 --> 00:35:40,040 Speaker 1: are live from the Bloomberg Interactive Broker Studios where we're 652 00:35:40,080 --> 00:35:42,640 Speaker 1: coming up to six fifty one on Wall Street time 653 00:35:42,680 --> 00:35:44,600 Speaker 1: not to check what's going on in BC. Some of 654 00:35:44,640 --> 00:35:47,760 Speaker 1: the top stories in our nation's capital include President Biden 655 00:35:47,800 --> 00:35:52,640 Speaker 1: embracing oil as war crowds out his climate agenda, presidents 656 00:35:52,680 --> 00:35:55,760 Speaker 1: saying Vladimir Putin may have some advisors under house arrest, 657 00:35:56,280 --> 00:35:59,839 Speaker 1: and the January six Committee reporting valuable information obtained from 658 00:36:00,000 --> 00:36:03,640 Speaker 1: testimony behind closed doors by Jared Kushner. Let's get more 659 00:36:03,640 --> 00:36:06,200 Speaker 1: on all these stories now. Bloomberg Government reporter Emily Wilkins 660 00:36:06,400 --> 00:36:09,600 Speaker 1: is back with us from our studios in Washington. So 661 00:36:09,680 --> 00:36:12,480 Speaker 1: we got the announcement Emily yesterday that the president is 662 00:36:12,760 --> 00:36:16,040 Speaker 1: doing this long, slow dip into the strategic reserve and 663 00:36:16,120 --> 00:36:19,840 Speaker 1: now calling for even more drilling to deal with rising 664 00:36:19,920 --> 00:36:23,160 Speaker 1: gas prices and supply shortages. I guess what a difference 665 00:36:23,239 --> 00:36:26,359 Speaker 1: of war makes. I know, I mean, it's a war, 666 00:36:26,600 --> 00:36:29,480 Speaker 1: and it's also the fact that we're Americans are experiencing 667 00:36:29,560 --> 00:36:32,560 Speaker 1: these very high gas prices. And even though you know, 668 00:36:32,840 --> 00:36:36,120 Speaker 1: it's not like Biden has complete control over gas prices, 669 00:36:36,239 --> 00:36:37,920 Speaker 1: but it is something that he is going to be 670 00:36:38,040 --> 00:36:40,040 Speaker 1: judged on, and it's something his party is going to 671 00:36:40,120 --> 00:36:43,200 Speaker 1: be judged on this November. And so this h you 672 00:36:43,320 --> 00:36:46,560 Speaker 1: heard experts really call this release. UM. Let's say that, 673 00:36:46,640 --> 00:36:49,600 Speaker 1: you know, it's it's unprecedented that it's a huge amount. 674 00:36:49,680 --> 00:36:51,960 Speaker 1: I mean compared to what was released last year. This 675 00:36:52,160 --> 00:36:55,200 Speaker 1: is this is way beyond that, UM. And the hope 676 00:36:55,280 --> 00:36:57,640 Speaker 1: is that this does something to bring gas prices down 677 00:36:57,760 --> 00:37:00,400 Speaker 1: or at least shows the American people that Biden is 678 00:37:00,440 --> 00:37:04,000 Speaker 1: trying to address gas prices right now, you know, Americans 679 00:37:04,080 --> 00:37:06,760 Speaker 1: really do blame Biden. He's tried to peg this on Putin. 680 00:37:06,840 --> 00:37:09,080 Speaker 1: He's called it the Putin price hike. They've tried to 681 00:37:09,120 --> 00:37:11,080 Speaker 1: blame big oil. We're going to see a number of 682 00:37:11,160 --> 00:37:13,840 Speaker 1: oil companies in front of Congress next week. At the 683 00:37:14,000 --> 00:37:16,680 Speaker 1: end of the day, A majority of Americans have blamed 684 00:37:16,760 --> 00:37:20,359 Speaker 1: Biden for higher gas prices, according to a recent Quintipiac poll. 685 00:37:20,840 --> 00:37:24,719 Speaker 1: And those uh, those that blame is like very likely 686 00:37:24,800 --> 00:37:27,560 Speaker 1: to come out this November unless Biden is able to 687 00:37:27,600 --> 00:37:30,080 Speaker 1: shift course. Now, so obviously there are these short to 688 00:37:30,200 --> 00:37:34,360 Speaker 1: even medium term political and economic considerations for the president. 689 00:37:34,400 --> 00:37:38,160 Speaker 1: But what does this mean for his overall climate agenda. 690 00:37:38,160 --> 00:37:40,800 Speaker 1: I mean, this is something that he had campaigned on 691 00:37:40,960 --> 00:37:44,800 Speaker 1: to do a you know, major shift from fossil fuels 692 00:37:44,840 --> 00:37:47,800 Speaker 1: to more renewable energy. Absolutely, and and this does go 693 00:37:48,120 --> 00:37:51,120 Speaker 1: sort of back against what Biden initially said. And he 694 00:37:51,200 --> 00:37:55,080 Speaker 1: has anchored some in the climate world who said that 695 00:37:55,160 --> 00:37:58,080 Speaker 1: Biden should really be using this opportunity not to pivot 696 00:37:58,120 --> 00:38:00,960 Speaker 1: back to gas and oil, but to really pivot to 697 00:38:01,040 --> 00:38:05,399 Speaker 1: some of these newer technologies more renewable energy and use 698 00:38:05,520 --> 00:38:09,439 Speaker 1: that to get Americans energy independence. I mean, look, Nathan, 699 00:38:09,520 --> 00:38:11,840 Speaker 1: when you're on the campaign trail, it's hard to predict 700 00:38:11,960 --> 00:38:14,600 Speaker 1: what's going to happen when you're actually in office, and 701 00:38:14,719 --> 00:38:18,399 Speaker 1: this is something that certainly forced Biden's hand into changing course. 702 00:38:18,480 --> 00:38:22,360 Speaker 1: I think something was something initially that the administration was resisting, 703 00:38:22,680 --> 00:38:25,000 Speaker 1: but gas prices have been so high for so long, 704 00:38:25,320 --> 00:38:27,239 Speaker 1: and I think the pressure was so great that we 705 00:38:27,400 --> 00:38:32,080 Speaker 1: are finally seeing the administration shift towards really encouraging this 706 00:38:32,239 --> 00:38:36,440 Speaker 1: more drilling, releasing more oil, and really just trying to 707 00:38:36,719 --> 00:38:39,439 Speaker 1: get the price at the gas station to come down. 708 00:38:39,800 --> 00:38:42,520 Speaker 1: And in the meantime, Emily, we're hearing even more candor 709 00:38:42,680 --> 00:38:46,360 Speaker 1: from President Biden on just how much pressure he sees 710 00:38:46,719 --> 00:38:51,520 Speaker 1: on Russian President Vladimir Putin as this war goes on. Yes, 711 00:38:51,760 --> 00:38:55,640 Speaker 1: Biden said yesterday that they that there's some intelligence, and 712 00:38:55,840 --> 00:38:58,279 Speaker 1: he kind of hedged it saying that, you know, they 713 00:38:58,320 --> 00:39:00,600 Speaker 1: didn't have a ton of evidence yet, but that he 714 00:39:00,680 --> 00:39:04,320 Speaker 1: could be isolating himself from his top advisors and that 715 00:39:04,560 --> 00:39:07,880 Speaker 1: might have prevented Putin from really realizing how poorly this 716 00:39:08,080 --> 00:39:10,920 Speaker 1: war is going for him. I mean, we've heard a 717 00:39:11,000 --> 00:39:13,600 Speaker 1: lot of different things as far as what's happening with 718 00:39:13,800 --> 00:39:16,480 Speaker 1: Russian morail, where the Russian people are at, where Russian 719 00:39:16,560 --> 00:39:18,960 Speaker 1: soldiers are at. I think it's kind of you know, 720 00:39:19,200 --> 00:39:21,560 Speaker 1: good to you know, make sure that you're verifying this 721 00:39:21,680 --> 00:39:24,600 Speaker 1: information that we are getting the backup and the evidence 722 00:39:24,680 --> 00:39:27,680 Speaker 1: that we need here. But certainly at this point it 723 00:39:27,800 --> 00:39:31,120 Speaker 1: doesn't seem like there's any let up. We you know, 724 00:39:31,239 --> 00:39:34,240 Speaker 1: initially heard earlier this week that there was the talks 725 00:39:34,320 --> 00:39:37,560 Speaker 1: between Ukraine and Russia and that Russia was going to 726 00:39:37,640 --> 00:39:39,880 Speaker 1: sort of ease up a bit off the Capitol. We 727 00:39:40,080 --> 00:39:43,240 Speaker 1: have seen them ease back off Keith, but we've also 728 00:39:43,320 --> 00:39:46,520 Speaker 1: seen them retarget their forces in the eastern region of 729 00:39:46,680 --> 00:39:49,399 Speaker 1: dun Boss. So it seems like this attack is very 730 00:39:49,520 --> 00:39:53,360 Speaker 1: much continuing to happen. Uh, And it's simply that Russia 731 00:39:53,480 --> 00:39:57,520 Speaker 1: has changed tactics about where their troops are not necessarily 732 00:39:57,640 --> 00:40:00,400 Speaker 1: backed off overall in any meaningful way. Yeah, So it 733 00:40:00,560 --> 00:40:02,600 Speaker 1: is going to be interesting to see whether Russia really 734 00:40:02,719 --> 00:40:05,080 Speaker 1: is on the back foot here or whether we are 735 00:40:05,239 --> 00:40:09,120 Speaker 1: seeing sort of this regrouping on the Russian side. If 736 00:40:09,200 --> 00:40:11,680 Speaker 1: it does turn out that Ukraine is getting an upper 737 00:40:11,760 --> 00:40:14,440 Speaker 1: hand here, what does that mean for the push for 738 00:40:14,680 --> 00:40:18,440 Speaker 1: even more aid coming from the US to Ukraine. I 739 00:40:18,520 --> 00:40:21,440 Speaker 1: think we also have to consider that as far as 740 00:40:21,560 --> 00:40:25,200 Speaker 1: aid goes to to Ukraine, even if the need for 741 00:40:25,360 --> 00:40:29,320 Speaker 1: military aid is diminished, which I certainly don't think anyone's 742 00:40:29,360 --> 00:40:32,360 Speaker 1: saying that at this point, there's a huge need for 743 00:40:32,560 --> 00:40:36,560 Speaker 1: humanitarian aid for refugees, for these cities that have been 744 00:40:36,640 --> 00:40:40,560 Speaker 1: absolutely destroyed. There's still a big sense that Ukraine is 745 00:40:40,640 --> 00:40:44,000 Speaker 1: going to need assistant and we're keeping an eye on 746 00:40:44,239 --> 00:40:48,640 Speaker 1: President Biden's UH discussion about potentially needing a half a 747 00:40:48,680 --> 00:40:51,600 Speaker 1: half billion and more aid for their We haven't seen 748 00:40:51,640 --> 00:40:54,480 Speaker 1: that request to come to Congress yet for additional funding, 749 00:40:54,920 --> 00:40:58,160 Speaker 1: but Congress is certainly working on other pieces of legislation 750 00:40:58,520 --> 00:41:01,480 Speaker 1: to further sanction Russia and to assist to Crane in 751 00:41:01,560 --> 00:41:04,520 Speaker 1: our last minute here, Emily, the January six Committee got 752 00:41:04,560 --> 00:41:07,759 Speaker 1: to talk to Jared Kushner behind closed stores yesterday. We've 753 00:41:07,760 --> 00:41:10,640 Speaker 1: gotten any idea of what Kushner had to say. Well, 754 00:41:10,760 --> 00:41:13,319 Speaker 1: the Committee doesn't like to, you know, go open into 755 00:41:13,360 --> 00:41:15,960 Speaker 1: the public and detail of all these things. There's a 756 00:41:16,000 --> 00:41:19,600 Speaker 1: reason that, uh, when they do these these discussions with 757 00:41:19,840 --> 00:41:22,480 Speaker 1: with witnesses, that they are off the record and not 758 00:41:22,680 --> 00:41:25,600 Speaker 1: open to press, but it sounds like he was helpful, 759 00:41:26,040 --> 00:41:28,800 Speaker 1: that he was helpful in terms of verifying things that 760 00:41:28,880 --> 00:41:31,280 Speaker 1: they've been told from others, of kind of making sense 761 00:41:31,360 --> 00:41:34,359 Speaker 1: of some of the reporting involved around this. And he's 762 00:41:34,400 --> 00:41:37,760 Speaker 1: also helpful simply because he's one of the highest ranking 763 00:41:37,840 --> 00:41:40,239 Speaker 1: members in the Trump White House to have gone and 764 00:41:40,360 --> 00:41:42,920 Speaker 1: spoken with the committee. The Committee's tried to speak to 765 00:41:43,040 --> 00:41:46,320 Speaker 1: other individuals, Steve Bannon, Mark Meadows, but a lot of 766 00:41:46,400 --> 00:41:50,200 Speaker 1: them have have resisted, gone to court, claimed executive privilege. 767 00:41:50,400 --> 00:41:52,320 Speaker 1: So for them to actually be able to talk to 768 00:41:52,400 --> 00:41:55,359 Speaker 1: someone like Jared Kushner who was at that very high 769 00:41:55,440 --> 00:41:58,879 Speaker 1: level and the president's inner circle, Um, it's certainly something 770 00:41:58,960 --> 00:42:00,920 Speaker 1: I think that's that's going to make a difference for 771 00:42:01,080 --> 00:42:04,200 Speaker 1: this committee's investigation. Yeah, member of the family doesn't get 772 00:42:04,280 --> 00:42:07,360 Speaker 1: much higher than that. Emily Wilkins of Bloomberg Government. As always, 773 00:42:07,440 --> 00:42:10,080 Speaker 1: thanks for keeping us on top of what's happening in Washington. 774 00:42:10,440 --> 00:42:12,680 Speaker 1: Read more about all these stories on Bloomberg dot com 775 00:42:12,800 --> 00:42:15,279 Speaker 1: or on the Bloomberg terminal. Listen to Bloomberg Radio in 776 00:42:15,320 --> 00:42:19,080 Speaker 1: the nation's capital Bloomberg and one oh five point seven 777 00:42:19,200 --> 00:42:22,799 Speaker 1: fm h D two SFP futures up twenty points now down, 778 00:42:22,840 --> 00:42:25,239 Speaker 1: futures up a hundred fifty eight. NAZDAC futures are higher 779 00:42:25,360 --> 00:42:28,800 Speaker 1: by seventy two points, the tenure treasury down seventeen thirty 780 00:42:28,840 --> 00:42:31,440 Speaker 1: seconds with a yield two point four zero percent yield 781 00:42:31,480 --> 00:42:34,640 Speaker 1: on the two year two point three seven. And taking 782 00:42:34,680 --> 00:42:37,680 Speaker 1: a look at oil, little change that's been fluctuating between 783 00:42:37,719 --> 00:42:39,960 Speaker 1: gains and losses in the session, with nime X crude 784 00:42:40,000 --> 00:42:42,800 Speaker 1: right now now down two tenths percent at a hundred 785 00:42:42,840 --> 00:42:46,800 Speaker 1: dollars fifteen cents a barrel for Karen Moscow. I'm Nathan Hagar. 786 00:42:47,239 --> 00:42:48,719 Speaker 1: This is Bloomberg