Speaker 1: By from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: Daybreak for Wednesday, April six two. Coming up to sour,
Speaker 1: the US and its allies prepared to impose more sanctions
Speaker 1: on Russia. The global bond sell off deep ends as
Speaker 1: the FED steps up tightening talk. Janet Yellen warns the
Speaker 1: war threatens massive economic repercussions, and Bank of America pushes
Speaker 1: for all the workers to get back in the office.
Speaker 1: The m t a's incoming subway and bus chief focuses
Speaker 1: on improving rider, ship and service plus Avanca. Trump testifies
Speaker 1: before the January six Committee. I'm Michael Barr. More ahead,
Speaker 1: I've done stas Daron sports the next beat the Rockets,
Speaker 1: the Rangers, beat the Devils, and Tiger Woods says he's
Speaker 1: coming back to play the baster. That's whole straight ahead
Speaker 1: on Bloomberg Daybreak on Bloomberg Eliven Treo, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine Sixties, Francisco,
Speaker 1: Sirius x M one nineteen and around the world on
Speaker 1: Bloomberg Radio dot Com and via The Bloomberg Business at
Speaker 1: Good Morning I'm Nathan Hagar and I'm Karen Moscow. US
Speaker 1: DOT index Future is moving lower this morning, adding to
Speaker 1: yesterday's losses. We're coming up to six oh one on
Speaker 1: Wall Street, and we check the markets every fifteen minutes
Speaker 1: throughout the trading day. On Bloomberg, SNP Future is down
Speaker 1: about twenty five points down. Futures down a Hubbard fifties
Speaker 1: seven and NASDAK futures down one. Two ten year Treasury
Speaker 1: down twenty thirty seconds, held two point six two percent,
Speaker 1: and they yield on the two year two point five.
Speaker 1: Nim X screwed oil is up one point six percent
Speaker 1: and a hundred three dollars sixty two cents a barrel. Nathan,
Speaker 1: all right, Karen, thank you. We begin this morning with
Speaker 1: the latest on the war in Ukraine. NATO foreign ministers
Speaker 1: are meeting in Brussels, while the US and its allies
Speaker 1: are working on new sanctions against Russia. Amy Morris joins
Speaker 1: us with details from our Bloomberg newsroom in Washington. Ukrainian
Speaker 1: officials say Russian forces continue to strike infrastructure targets like
Speaker 1: fuel storage and grain silos, and Ukrainian president flooding. Here's
Speaker 1: a Lyinsky made a plea for peace before the UN
Speaker 1: Security Council, urging the UN to do more to stop
Speaker 1: Moscow's aggression, sagging through a translator that Russia doesn't deserve
Speaker 1: a seat at that table. We are dealing with a
Speaker 1: state that is turning the veto into the UN Security
Speaker 1: Council into the right to die. This undermines the whole
Speaker 1: architecture of global security at China express dismay at the
Speaker 1: killing of unarmed civilians without condemning Vladimir Putin. Russia continues
Speaker 1: to deny the accusations. In Washington, I'm Amy Moore as
Speaker 1: Bloomberg Daybreak, All right, Amy, thank you. Meantime, Secretary of
Speaker 1: State Anthony Blincoln is weighing in on civilian deaths in Ukraine.
Speaker 1: He says the atrocities in Buscha are not isolated incidents.
Speaker 1: Bloomberg said, Bachelor has the story. Secretary Blincoln says the
Speaker 1: US is helping in a thorough investigation and says there
Speaker 1: must be accountability from the top down. What we've seen
Speaker 1: in is not the random act of a rogue unit.
Speaker 1: It's a deliberate campaign uh to kill, the torture, to rape,
Speaker 1: to commit atrocities, and Blincoln says it will all be
Speaker 1: documented and reported in San Francisco. I'm at Baxter Bloomberg Daybreak, Okay,
Speaker 1: and thanks. On the economic front, the war has had
Speaker 1: a major impact on oil and gas prices. Later today,
Speaker 1: oil executives head to Capitol Hill to answer questions about
Speaker 1: price hikes. We get the story from Bloomberg's Charlie Pellet.
Speaker 1: Chief executives of BP America, Chevron, Devon Energy, x On Mobile,
Speaker 1: Pioneer Natural Resources, and Shell USA are set to testify
Speaker 1: before the House Energy and Commerce Committee. The hearing will
Speaker 1: include both in person and remote attendees. It comes amid
Speaker 1: intensifying scrutiny of oil companies whose stock values have climbed
Speaker 1: along with the price of crude, stoking new congressional proposals
Speaker 1: for a windfall profits tax in New York. Charlie Pellet
Speaker 1: Bloomberg Daybreak, Charlie, thank you all. Treasury Secretary Johnny Yellen
Speaker 1: will also be testif before Congress today on how the
Speaker 1: war in Ukraine could impact the global economy, and Bloomberg's
Speaker 1: Rned Young joins us Live with the details. Good morning,
Speaker 1: Ready to Good morning care and Treasury Secretary Janet Yelling
Speaker 1: will warn that the war in Ukraine threatens to inflict
Speaker 1: enormous economic repercussions. That's according to a copy of prepared
Speaker 1: remarks that she'll give to the House Financial Services Committee.
Speaker 1: Her testimony comes as the I m F is preparing
Speaker 1: to cut its forecasts for global growth. In Deutsche Bank,
Speaker 1: economists say that they should now expect the US recession
Speaker 1: in the next two years. Live in New York, I'm
Speaker 1: Renita Young, Bloomberg Daybreak. All right, thanks for Nita. Turning
Speaker 1: to markets now, we're seeing the global bond sell off
Speaker 1: deepened this morning. Let's get the latest on that Live
Speaker 1: with Bloomberg's John Tucker, John Nathan. The bond route worsen
Speaker 1: day after Federal Reserve Governor Leo Brainard said the Central
Speaker 1: Bank will likely step up policy tightening given that the
Speaker 1: recovery has been considerably stronger and faster than in the
Speaker 1: previous cycle. I expect the balance sheet to shrink considerably
Speaker 1: more rapidly than in the previous recovery. Aspect of aggressive
Speaker 1: FED action drove the yield on the benchmark ten year
Speaker 1: treasury of five basis points to to sixty. Investors are
Speaker 1: dumping fixed income securities as policymakers move to raise rates
Speaker 1: in the face of surging global inflation. Global bonds extending
Speaker 1: losses this week, and we're completing an eight month losing
Speaker 1: streak that is the longest on record. Strategists say the
Speaker 1: whole fit typing narrative is being moved up in time.
Speaker 1: At Magnitude Live in New York, I'm John Tucker Bloomberg Daybreak.
Speaker 1: All right, John, thank you. We me get more clues
Speaker 1: about the future of interest racers afternoon, my minutes of
Speaker 1: the FEDS March policy meeting are released. We are also
Speaker 1: likely to get details of the Feeds plans to shrink
Speaker 1: its massive balance sheet. Today. Let's turn to corporate news now, Karen,
Speaker 1: we have a takeover bid in the airline industry. Jet
Speaker 1: Blue has offered to buy rival Spirit Airlines for three
Speaker 1: point six billion dollars. The move could potentially spoil an
Speaker 1: earlier agreement for Frontier Group to buy Spirit. The unsolicited
Speaker 1: proposal from Jet Blue has the potential to reshape the
Speaker 1: landscape for ultra low cost air travel in the US.
Speaker 1: We'll turning to the pandemic now, Nathan. The push to
Speaker 1: gain workers back in the office is picking up now.
Speaker 1: Bank of America plans to bring all its US employees
Speaker 1: back by June one. To get the story from Bloomberg's
Speaker 1: Lisa Mateo, the return to office includes those who haven't
Speaker 1: been vaccinated against the coronavirus. Sources say employees will still
Speaker 1: have some flexibility to work from home, but they are
Speaker 1: being strongly encouraged to collaborate with colleagues in person. Bank
Speaker 1: executives on Wall Street have voice concerned that junior bankers
Speaker 1: and traders can't get the same kind of training and
Speaker 1: mentorship over Zoom that they can from being in the
Speaker 1: office alongside more senior colleagues in New York. Lisa Mateo,
Speaker 1: Bloomberg Daybreak, All right, Lisa, thank you. And this could
Speaker 1: be a boon for Fightser. Bloomberg News has learned the
Speaker 1: White House is on the hook to pay Finser nearly
Speaker 1: five billion dollars for pills it's already ordered to treat COVID.
Speaker 1: That means the Fightser treatment could eat up about half
Speaker 1: of a scaled back pandemic funding bill that the Senate
Speaker 1: is debating right now. S and P futures are down
Speaker 1: twenty four point staff futures down a hundred fifty four
Speaker 1: nastic futures are lower by a hundred twenty points, the
Speaker 1: tenure treasury is down twenty thirty seconds, the yield two
Speaker 1: point yield on the two year two point five five,
Speaker 1: and nieme X screwed up one point seven a hundred
Speaker 1: three dollar sixty four cents of barrel. Straight ahead, your
Speaker 1: latest local headlines and the check of sports. This is Bloomberg.
Speaker 1: It's sounds six oh seven on Wall Street, still reigning
Speaker 1: sixty five degrees. I'm sorry, forty five degrees in Central Park.
Speaker 1: It's not nearly that warm. Here's Michael Barr with more
Speaker 1: on what's going on in New York and around the world. Michael,
Speaker 1: good morning, Good morning. Don't get me happy like that.
Speaker 1: Weekday subway ridership in New York City is nearly six
Speaker 1: levels now. The incoming subway and bus chief wants to
Speaker 1: boost that. Richard Davies says he will focus on how
Speaker 1: to improve service to bring more riders back. Safety is
Speaker 1: absolutely the top priority on the security of our system.
Speaker 1: I think that's job one. Davey plans to work with
Speaker 1: the New York City Police Department and mental health outreach
Speaker 1: workers to produce crime I did observe writers you know,
Speaker 1: standing against wallace, for example, or situating themselves near posts
Speaker 1: or other immovable objects to make sure that someone didn't
Speaker 1: approach him from behind. Richard Davy, a former Massachusetts Secretary
Speaker 1: of Transportation who also ran Boston's mass transit system, will
Speaker 1: begin his ten year on May second as president of
Speaker 1: New York City Transit. At the m t A. Ivanka
Speaker 1: Trump is testified before the House January sixth Committee. She
Speaker 1: answered the questions remotely. Chairman Manny Thompson says Ivanka Trump
Speaker 1: cooperated voluntarily answering what she knew about the hours with
Speaker 1: her father, former President Trump, before, during, and after the
Speaker 1: Capitol riot. Earlier, Avanka's husband Jared Kushner spent nearly six
Speaker 1: hours talking to the committee. President Joe Biden is ordering
Speaker 1: a new national research push on long COVID. The President
Speaker 1: is also directing federal agencies to support patients dealing with
Speaker 1: a mysterious and debilitating condition that includes fatigue and brain fog. Meanwhile,
Speaker 1: there are more reported cases of diabetes after COVID. Nineteen
Speaker 1: CDC director Dr Rochelle Wilenski, the science is definitely starting
Speaker 1: to demonstrate this link between people who previously had COVID
Speaker 1: and increasing rates of new diabetes diagnoses. Dr Wilensky also
Speaker 1: says the seven day average of new COVID hospitalizations is
Speaker 1: about fourteen hundred per day, a decrease of about seventeen
Speaker 1: percent over the previous week. Severe weather killed at least
Speaker 1: two people, one in Georgia and another in Texas. Yesterday, hail,
Speaker 1: strong winds and tornadoes tour across the south. In Crawford County, Georgia.
Speaker 1: This allmowner describes the moment the storm hit. I heard,
Speaker 1: you know the noise. Everybody says there's a train noise.
Speaker 1: So it didn't last, but about like seconds more severe
Speaker 1: weather is forecast in the Southeast Today. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quickday,
Speaker 1: powered by more than journalists analysts more than twenty countries.
Speaker 1: Michael bar this is Bloomberg. Nathan. Thanks Michael. Coming up
Speaker 1: to six ten on Wall Street time for the Bloomberg
Speaker 1: Sports Update with John Stashi. Thanks Nathan. Tagger Woods won
Speaker 1: the Masters in twenty nineteen, finished thirty eight when the
Speaker 1: Masters was postponed until November. He hasn't played a tournament
Speaker 1: since then. He didn't play last year's Masters because last
Speaker 1: year at this time he couldn't get out of bed.
Speaker 1: But fourteen months after the life threatening injuries suffer in
Speaker 1: the car accident, Tigers set to tee off tomorrow morning
Speaker 1: around ten thirty. He's been playing practice rounds in Augusta
Speaker 1: and was asked how he's playing. It just fun and
Speaker 1: I don't have any qualms about what I can do
Speaker 1: physically from a golf standpoint. It style walking as the
Speaker 1: hard part, and this is normally not a easy walk
Speaker 1: to begin with. He'll play with the South African Louis
Speaker 1: Eustasen and the young Chilean Joaukee Nieman, who is half
Speaker 1: Tiger's age. Hourly Masters updates here on Bloomberg Radio on
Speaker 1: a wrap up show each night at eleven. Kyrie Irving
Speaker 1: enjoyed being allowed to play in Brooklyn. Scored forty two points,
Speaker 1: made eight three point is the next Sweet Houston one
Speaker 1: eight team to one oh five. Needed a big game
Speaker 1: from Kyrie because Kevin Durant, coming off a fifty five
Speaker 1: point game, shot just four of thirteen Rangers in New
Speaker 1: Jersey one three to one. Forty seventh goal for Chris Ryder.
Speaker 1: He's third in the league to assist for our Timmy
Speaker 1: Panari's got sixty five, which is tied for second in
Speaker 1: the NHL fifth grade winning goal for Alex Gordy. Have
Speaker 1: Islanders lost in Dallas three to two. The end of
Speaker 1: the grape Fruit League, the Mets lost to Washington fourteen
Speaker 1: to nothing Taiwan and Walker got roughed up. The two
Speaker 1: teams play the opener tomorrow in d C. The Yankees
Speaker 1: lost to the Tigers and then came home opening the
Speaker 1: day with the Red Sox scheduled for tomorrow with the stadium,
Speaker 1: but rain is in the forecast. Johns Dashward Bloomberg Sports Okay, John,
Speaker 1: thank you right now. SMP futures are down twenty four point,
Speaker 1: staff features down a hundred fifty five. Nest Act futures
Speaker 1: are lower by a hundred twenty three points. The tenure
Speaker 1: treasury is down down twenty one thirty seconds. With the
Speaker 1: yield two point six two percent, yield on the two
Speaker 1: year two point five five percent. Latest on the war
Speaker 1: in Ukraine. Next with Bloomberg's Mark Champ be and stay
Speaker 1: with us. This is Bloomberg Bloomberg Day Break, brought to
Speaker 1: you by ancient accountants and advisors challenging times call for
Speaker 1: proactive advisors who helped minimize taxes, increased cash flow and
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Speaker 1: dot com markets, headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot Com. The Bloomberg Business at
Speaker 1: Land at Bloomberg Quicktape is a Bloomberg Business lash and
Speaker 1: I'm Karen Moscow and a global bond sell off. Deepening
Speaker 1: and stock slumping is investors position for a swift reduction
Speaker 1: in the feder reserves debt holdings as part of a
Speaker 1: stepped up campaign of monetary tightening to tackle high inflation.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg, s and P futures are down thirty
Speaker 1: one points down, futures down one four NASDAG futures on
Speaker 1: one hundred tenure treasury down thirty seconds two point six
Speaker 1: three percent. They yield on the two year two point
Speaker 1: five six percent. Nim Max Screwed oil is up one
Speaker 1: point six percent of a dollar sixty six and a
Speaker 1: hundred three dollars sixty cents of Barrel Comic School is
Speaker 1: up three ten per cent or five dollars fifty cents
Speaker 1: At nineteen thirty two eighty announced the euro one point
Speaker 1: nine O eight against the dollar British round one point
Speaker 1: three zero eight six. They end at one three point
Speaker 1: nine one and Bitcoin is lower down one and a
Speaker 1: half percent at forty one hundred fifty dollars. As a
Speaker 1: Bloomberg Business flash, now here's Michael Barr with more on
Speaker 1: what's going on around the world. Michael Karen, thank you
Speaker 1: very much. The US, European Union and Group of Seven
Speaker 1: are coordinating on a fresh round of sanctions on Russia,
Speaker 1: including the US ban on investment in the country and
Speaker 1: an EU ban on coal imports. It comes after the
Speaker 1: discovery of civilian murders and other atrocities in Ukrainian towns
Speaker 1: left open by retreating Russian forces. In golf Tiger Woods
Speaker 1: Hays for now, well, he'll probably Tall had the Master's
Speaker 1: golf tournament in Augusta, Georgia tomorrow, following a fourteen month
Speaker 1: recovery from a near fatal car crash that almost cost
Speaker 1: him his leg. Stay tuned for updates every hour on
Speaker 1: Bloomberg Radio and a special edition of Masters Tonight coming
Speaker 1: up at eleven pm Eastern time. In the NBA, the
Speaker 1: Nets and Wizards. One in the NHL, The Rangers Meet
Speaker 1: the Devil three one the Islanders and Bruins lost. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quick Take, powered by more than twenty seven hundred
Speaker 1: journalists analysts more than a hundred twenty countries. Michael Barr
Speaker 1: and this is Bloomberg. Nathan Okay, Michael. Thanks at six
Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg Daybreak in our global team. Coverage of
Speaker 1: the war in Ukraine continues now with Mark Champion joining
Speaker 1: us Bloomberg News Senior reporter for International Affairs Market Morning.
Speaker 1: I want to start off with the latest on what
Speaker 1: we're seeing on the ground in Ukraine. We've gotten these
Speaker 1: reports that rush some Russian forces have pulled away from
Speaker 1: near Kiev, where the was a horrific images have been
Speaker 1: left behind and are now focusing on the east. Is
Speaker 1: that what we're seeing at this point. Yes. In the
Speaker 1: first part, so essentially, the Russians announced that they would
Speaker 1: withdraw from the north um. The Ukrainians sort of took
Speaker 1: advantage of that and and have been harassing them and
Speaker 1: they have largely left from around Kiev um and in
Speaker 1: some other areas in the north. UM. The expectation, largely
Speaker 1: because the Russians have said that this is what they
Speaker 1: want to do, to focus on the east and the
Speaker 1: don Bass region instead, is that those forces will eventually
Speaker 1: be moved around to the other side of the country
Speaker 1: and join the the war effort, the Russian war effort
Speaker 1: in through the east. UM. That's where Mariupo has also
Speaker 1: been under siege for several weeks now. UM, So that
Speaker 1: hasn't actually happened yet. There haven't been actual sightings of
Speaker 1: those troops that left the north moving to the east.
Speaker 1: It's expected that could take a couple of weeks. And
Speaker 1: we also heard this morning from Ukrainian President Voladimir Zolinski
Speaker 1: once again giving a virtual address, this time to the
Speaker 1: Irish Parliament, saying that Russia hasn't given up on its
Speaker 1: ambition to take over the entire country. If we do
Speaker 1: have this focus seemingly at the moment on the eastern
Speaker 1: part of Ukraine, how does that square well? In a way?
Speaker 1: It does if you I'm sure that if the Russian
Speaker 1: military command was to do this over they would not
Speaker 1: begin their campaign with their forces stretched across three at
Speaker 1: least three different fronts in the north to the ran
Speaker 1: Kief around hark If down in Odessa, and then across
Speaker 1: in the east as well. UM. So what they would
Speaker 1: probably have done would would be to concentrate forces in
Speaker 1: the east where they already have advantages UH and then
Speaker 1: just force their way in, take the tarret tree that
Speaker 1: they need to consolidate for the logistical purposes, etcetera, and
Speaker 1: then push west. And that may be what happens now.
Speaker 1: And of course, after all the images that we saw
Speaker 1: over the weekend of the atrocities in Busha and potentially
Speaker 1: in other places, we're hearing about more coordinated efforts by
Speaker 1: the US and allies to Titan sanctions. Even further on Russia.
Speaker 1: We heard the ban on coal imports from the European
Speaker 1: Union yesterday. What more is on the table, Mark, Well,
Speaker 1: there there is the sorry, there is the possibility that
Speaker 1: the UH that the European Union could ban imports of
Speaker 1: oil from Russia and imports of national natural gas from Russia.
Speaker 1: This is what the UK and the US have have
Speaker 1: done in part, and it's also what President Zelinsky is
Speaker 1: pressing the EU to do. But these are really difficult
Speaker 1: moves for some countries which are high dependent on Russian
Speaker 1: gas and oil um, and so they're they're taking a
Speaker 1: first bite. Coal is not insignificant of European coal imports
Speaker 1: come from Russia, so there's a lot of substitution to
Speaker 1: do there. But there you know, something that was at
Speaker 1: one point just inconceivable, which is that Europe and in
Speaker 1: particular countries like Germany would cut themselves off from Russian
Speaker 1: oil and gas, is now at least being talked about
Speaker 1: in our last minute here, Mark, is there any sense
Speaker 1: that cutting off Russian oil and gas would actually change
Speaker 1: the way the war is going, perhaps even bring this
Speaker 1: to a conclusion, given that the massive sweeping sanctions that
Speaker 1: have already been imposed on the Russian economy haven't had
Speaker 1: that effect and in fact have led to these horrific
Speaker 1: images that we've seen. Yes, I mean, there's always a
Speaker 1: very difficult sort of translation between sanctions and you know,
Speaker 1: the war efforts on the ground. This is no option,
Speaker 1: but the the oil in particular, if that were banned,
Speaker 1: that would have an absolutely crushing um effect on the
Speaker 1: Russian budget um. And you know, at the moment, because
Speaker 1: of hi old prices, high gas prices. The Russians have
Speaker 1: actually had a bit of a boon which has helped
Speaker 1: them to offset the sanction. So it could have an impact,
Speaker 1: but what impact is very unpredictable. They might escalate instead
Speaker 1: of d escalate for example. All right, we'll leave it
Speaker 1: there for now. Mark, thank you, as always, Mark Champion
Speaker 1: with us this morning, our senior reporter for international affairs
Speaker 1: for Bloomberg News. Looking ahead to the market, open futures
Speaker 1: are moving lower, with S and P futures down down
Speaker 1: twenty nine point, Style futures down a D two, Nasdaq
Speaker 1: futures lower by a hundred forty five points. The tenure
Speaker 1: Treasury is down twenty four thirty seconds now with the
Speaker 1: yield two point six three percent just ahead. Janet Yellin's
Speaker 1: warning about the impact of the war and the deepening
Speaker 1: bond sell off on comments from Lyle Brainerd Checker stories
Speaker 1: of the morning. You're listening to Bloomberg Daybreak. Bloomberg Daybreak
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Speaker 1: c f's Donor Advice Fund is the smart choice to
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Speaker 1: from the Bloomberg Interactive Broker Studio in New York. Bloomberg
Speaker 1: E Living Freedom to Washington, d C, Bloomberg to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg N
Speaker 1: sixteen to the Country, Sirius XM to A one nine team,
Speaker 1: and around the globe the Bloomberg Business at and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's six thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow, and we're just about three hours away from
Speaker 1: the open of US trading. It's time the fine things
Speaker 1: you need to know to start your day up. First,
Speaker 1: the US and its allies are coordinating more sanctions against
Speaker 1: Russia announced after the alleged murder of civilians in Ukraine.
Speaker 1: AU commissioned President Ursula vunder Lyon is delivering harsh words
Speaker 1: for the regime in Moscow. Humanity itself was killed in Wucha.
Speaker 1: It was killed in cold blood, executed with his hands
Speaker 1: tight and the bullet in the head. And President of
Speaker 1: under Lyon with those remarksist morning at the European Parliament,
Speaker 1: New sanctions will include a European embargo on Russian coal,
Speaker 1: a US ban on investment in Russia, and tighter penalties
Speaker 1: on officials and state owned enterprises. I meantime, Karen Janet
Speaker 1: Yellen testifies before Congress today on the economic impact of
Speaker 1: the war. Let's get the details lie from Bloomberg's Juanita
Speaker 1: Young Rinita Nathan. Treasury Secretary Janet Yellen will warn that
Speaker 1: the war in Ukraine threatens to inflict enormous economic repercussions.
Speaker 1: That's according to a copy of prepared remarks that she'll
Speaker 1: give to the House Financial Services Committee. Her testimony comes
Speaker 1: as the m f is preparing to cut its forecast
Speaker 1: for global growth, and Deutsche Bank economists said that they
Speaker 1: now expect a US recession in the next two years.
Speaker 1: Live in New York, I'm re need a Young Bloomberg
Speaker 1: day break. All right, we need to thank you. Turning
Speaker 1: to the market. So now we're seeing the global bonds
Speaker 1: sell off deep in this morning. We get the very
Speaker 1: latest live at the Bloomberg John Tucker, John and Karen.
Speaker 1: FED Governor Leo Brainerd said the US Central Bank will
Speaker 1: likely step up policy tightening that has accelerated the bomb
Speaker 1: round and is driving the yield on the benchmark ten
Speaker 1: ure treasuries up another nine basis points this morning to
Speaker 1: two point six four percent bonds worldwide, I've seen an
Speaker 1: eight month losing streak that is the longest on record,
Speaker 1: lined in New York. I'm John Tucker Bloomberg Radio, and John,
Speaker 1: we could get more close from the Fed Later today,
Speaker 1: the Central Bank releases minutes from its latest policy meeting
Speaker 1: and unveils details of its likely plans to shrink its
Speaker 1: balance sheet. Well, Nathan Bloomberg News has learned Bank of
Speaker 1: America plans to bring all its US employees back to
Speaker 1: the office by June one, and that in cludes to
Speaker 1: those who have not been vaccinated against the coronavirus. Sources
Speaker 1: a b of A staff will still have flexibility to
Speaker 1: work from home, but are strongly encouraged to collaborate with
Speaker 1: colleagues in person. Futures this morning are lower S ANDP
Speaker 1: futures down thirty points, at OL futures down one eight
Speaker 1: and AS day futures down one fifty one. Ten year
Speaker 1: treasury down thirty seconds, L two point six three percent,
Speaker 1: and they yield on the two year two point five
Speaker 1: six percent and straight ahead, your latest local headlines, plus
Speaker 1: a check of sports and this is Bloomberg. Okay, Karen,
Speaker 1: thank you to six thirty three on Wall Street, still ragining,
Speaker 1: still forty five degrees in Central Park. Got an accident
Speaker 1: on the upper level of fifty ninth Street bridge heading
Speaker 1: into the city. Tails coming up in traffic. First Michael
Speaker 1: Barr with more on what's going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: New York City's incoming subway and bus chiefs as safety
Speaker 1: will be one of the focuses on how to improve service.
Speaker 1: Richard Davy, a former Massachusetts Secretary of Transportation, will be
Speaker 1: the president of the New York City Transit At the
Speaker 1: m t A. Sitting next to General Lieber M t
Speaker 1: A Chief executive officer, Davy says, the writers deserve a
Speaker 1: better system and want a better system. I also did
Speaker 1: see almost folks sleeping on you know, platforms, um and um,
Speaker 1: you know, I did see a fair leader. Davy begins
Speaker 1: his tenure on me second, the House panel investigating the
Speaker 1: Capitol riot questioned of Anka Trump for eight hours, asking
Speaker 1: about her recollections of that day inside the White House
Speaker 1: with her father. Former President Donald Trump. Ivanka Trump served
Speaker 1: as a senior White House advisor during her father's presidency.
Speaker 1: She testified voluntarily. The siblings of Glenn Maxwell say they
Speaker 1: are profoundly shocked and troubled that a judge has rejected
Speaker 1: a new trial despite revelations that a juror who helped
Speaker 1: to convict her failed to disclose he was sexually abused
Speaker 1: as a child. In this statement, the Maxwell family said
Speaker 1: it remains optimistic about an appeal before a panel of
Speaker 1: three Manhattan Appeals judges. The statement came four days after U. S.
Speaker 1: District Judge Allison Nathan wrote she cannot order a retrial
Speaker 1: in the sex trafficking case after determining the juror did
Speaker 1: not deliberately give wrong answers on a juror questionnaire. Authorities
Speaker 1: say one person is dead in Georgia and another in Texas.
Speaker 1: Amid damaging storms, high winds, and tornadoes around the South,
Speaker 1: more than fifty thousand homes and businesses lost power last
Speaker 1: night from eastern Texas to South Carolina. In Crawford County, Georgia,
Speaker 1: this homeowner describes the moment the storm hit. I was
Speaker 1: just standing at the doorway and then I started hearing
Speaker 1: that noise and started seeing the tree started going to circle,
Speaker 1: and I just headed back in. I got a little
Speaker 1: pool table up on there, and I just kind of
Speaker 1: hunkered down. Forecasters say more damaging weather is expected today.
Speaker 1: Recent studies are showing an increase likelihood of being diagnosed
Speaker 1: with diabetes in the months after contracting COVID. Nineteen CDC
Speaker 1: director Dr Rochelle Wilinski, I think as we consider the
Speaker 1: menu of many things that could incorporate be incorporated into
Speaker 1: post COVID conditions, a diabetes certainly should be one of
Speaker 1: those conditions considered. Dr Scholl will end skip Global Names
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more than the journalists, analysts, more
Speaker 1: than countries. I'm Michael Barr. This is Bloomberg neither. Thank you, Michael.
Speaker 1: Almost six thirty six on Wall Street. Time for the
Speaker 1: Bloomberg Sports Update once again. John stash Our, All right,
Speaker 1: Nathan zagger Woods says he's hitting the golf ball well.
Speaker 1: The hard part will be walking between shots, he says, Augusta, Nashville,
Speaker 1: not an easy walked up again with let alone for
Speaker 1: someone fourty six years old who has had multiple back
Speaker 1: in the surgeries and was in a life threatening car
Speaker 1: accident fourteen months ago. But Tiger said to make his
Speaker 1: return at the Masters, he's won it five times. He
Speaker 1: teas off tomorrow morning around ten thirty and hopes to
Speaker 1: play all four rounds. It's the recovery, you know, how
Speaker 1: How am I gonna get all the swelling out and
Speaker 1: recover for the next day? And and uh, my team
Speaker 1: has been fantastic and worked very hard. Um, so I've
Speaker 1: got another day of nine more holes and um then
Speaker 1: come game time. Tanker said he's excited about the challenge,
Speaker 1: has always said he believes he can win. Hourly Masters
Speaker 1: updates here on Bloomberg Radio on a wrap up show
Speaker 1: each night. At eleven Nets in Brooklyn against the Rockets,
Speaker 1: there were twenty and sixty used to hung in the game,
Speaker 1: getting sixty six points from the backcourt of Kevin Porter
Speaker 1: and Jalen Green. Mac Kyrie Irvan scored forty two points
Speaker 1: the Nets one one oh five Rangers beat the Devil's
Speaker 1: three one. Islanders lost in Dallas three one three two.
Speaker 1: Yankees need to bring some extra chairs out to the bullpen.
Speaker 1: They set their roster headed north with only three reserves
Speaker 1: sixteen pictures. Yanks opener tomorrow at the stadium against the
Speaker 1: Red Sox. Weather permitting the Mets to open tomorrow in Washington.
Speaker 1: Max Ers are unlikely to pitch due to a tight hamstring.
Speaker 1: The Mets hope sure as we can make his Mets
Speaker 1: debut on Friday. MLB has, okay, the use of pitch Calm,
Speaker 1: a device where a catcher can communicate with a picture
Speaker 1: by the use of a will push up a button.
Speaker 1: The hope is it's the end of signs stealing. John
Speaker 1: Stashar Boomberg Sports. Okay, John, thank you. Six thirty seven
Speaker 1: on Wall Street Time. Now to take a look at stock,
Speaker 1: some of the names moving in the pre market with
Speaker 1: Bloomberg Radio and TV Markets correspondent Created Gupta once again
Speaker 1: created seeing moves to the downside, particularly in tech. Yeah,
Speaker 1: a lot of it is going to be a reaction
Speaker 1: to what you're seeing in the bond marketing guy, John
Speaker 1: Tucker just talk about an eight months slide, uh, when
Speaker 1: we're talking about bond selling off. But take a look
Speaker 1: at this, Nathan. It is six thirty seven, Like you said,
Speaker 1: you already have a ten basis point move, or almost
Speaker 1: ten based point move in the tenure yield upwards. That
Speaker 1: of course is going to hit Tech and those are
Speaker 1: gonna be some of your major movers, probably why you're
Speaker 1: starting to see a lot of red on the screen.
Speaker 1: Let me just go through some of them here. Twitter,
Speaker 1: for example, t W t R is going to be
Speaker 1: a very high volume one down one point four percent.
Speaker 1: We'll get to why on more on that one in
Speaker 1: a second, but let's talk about the heavy waiter tier.
Speaker 1: Apple is a big one. A A p L is
Speaker 1: your taker down one percent this morning, and Video is
Speaker 1: going to be another one. The chip maker of course,
Speaker 1: n v d A down two and a half percent.
Speaker 1: Tesla also taking hit t s l A down to percent.
Speaker 1: Remember Tesla has actually been leading a lot of those
Speaker 1: games in the sp the NASTAC for the last two sessions,
Speaker 1: So that's really something you want to keep in mind.
Speaker 1: As you start to see these bond yields get higher
Speaker 1: and higher, it's going to hit tech. Now. Remember we
Speaker 1: talked about this inverse correlation all the time that the
Speaker 1: text is gonna drop every time yields are higher. But
Speaker 1: it's not every time yields are higher. It's every time
Speaker 1: yields are higher. By this much of a margin ten
Speaker 1: basis points, four teen basis points. I think we were
Speaker 1: up seventeen basis points yesterday and you saw the Nastac
Speaker 1: taking an enormous hit. So it really does come down
Speaker 1: to the margin of the move when it comes to
Speaker 1: the bonds based and that of course is going to
Speaker 1: kill tech today. Yeah, we're seeing Nastack futures. Well, we're
Speaker 1: by another one point one percent in the pre market.
Speaker 1: We've been talking as well about this this morning. I
Speaker 1: know you've been watching it createies some takeover drama in
Speaker 1: ultra low cost air travel. You know, it's fascinating, Nathan,
Speaker 1: because there's so much cash in the system right now.
Speaker 1: I think a lot of people are saying, well, if
Speaker 1: we're not going to use buybacks, what are we going
Speaker 1: to use it on? A lot of the question ends
Speaker 1: up becoming mergers and acquisitions, and that's really where Spirit
Speaker 1: Airline comes into focus. This morning, s a V is
Speaker 1: your ticker down two point three percent. This comes after
Speaker 1: the budget carrier received a three point six billion dollar
Speaker 1: takeover offer from Jet Blue. It was unsolicited, and it
Speaker 1: also the offer tops a competing bid by Frontier Group
Speaker 1: A couple of weeks ago we talked about this major
Speaker 1: deal between Frontier and Spirit essentially kind of forming together
Speaker 1: a super budget group, if you will. Essentially, for our
Speaker 1: European listeners, is the equivalent of Ryanair here in the state. UM.
Speaker 1: But nevertheless, they said it was unsolicited, but they are
Speaker 1: going to consider the offer and give a return answer
Speaker 1: in due course. Jet Blue shares j b l U
Speaker 1: also down this morning, down four percent, So it's unclear
Speaker 1: if there's a ton of investor optimism right now. Nathan
Speaker 1: has promises quickly hit Twitter t W t R down
Speaker 1: one point three percent. This of course comes after Elon
Speaker 1: Musk refile the disclosure of a state to classify himself
Speaker 1: as an active investor. May have talked out there, okay.
Speaker 1: Bloomberg Radio and TV Markets correspondent Creedy grouped up with
Speaker 1: us this morning. As we look at stun as a
Speaker 1: whole head of the open, it's pointing to a lower
Speaker 1: open with SMP futures down down thirty one points down,
Speaker 1: futures down a d eighty five, NASDAC futures leading the declines,
Speaker 1: as we mentioned, down a hundred sixty two points, a
Speaker 1: drop of one point one per cent. You're listening to
Speaker 1: Bloomberg Daybreak Bloomberg eleven three Oh weather, it's raining, but
Speaker 1: it'll end by midday. Will be in the high little
Speaker 1: below fifties for highest today, mid fifties tomorrow with scattered
Speaker 1: showers and storms, low sixties by Friday. Right now forty
Speaker 1: five in Central Park Markets, headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot com, the Bloomberg
Speaker 1: Business at and at Bloomberg Quick tape is a Bloomberg
Speaker 1: Business lash and I'm Karin Moscow. US dot Index futures
Speaker 1: are lower treasuries extending their saline. We go to the
Speaker 1: first Sword breaking news desk for today's morning call, and
Speaker 1: here's Bill Maloney. Bill, good morning, and good morning, Karen.
Speaker 1: That's right. US features are under pressure right now at
Speaker 1: DEAF Futures down point says to be strup fifty seven,
Speaker 1: while NAS deck features are down by three. The US
Speaker 1: A ten year old jumps to two point six five percent,
Speaker 1: Gold is up three, oil is climbing, and bitcoin is
Speaker 1: down by one point one percent. Japan fell one point
Speaker 1: six percent overnight, while up and markets are also in
Speaker 1: the red this morning, and back in the US on
Speaker 1: the economic frone at two o'clock minutes from the f
Speaker 1: O m C. After the bells night, Spirit Airlines confirmed
Speaker 1: the proposal from Jet Blue for three three dollars to
Speaker 1: share in cash and regarding earnings. This morning, Greenbrier EPs
Speaker 1: Feed estimates, wrapping things up, Jazz Farm, moos Cuting, Neutral, Bowman, Sax.
Speaker 1: PayPal was rated a new equal weight over at Stevens Live.
Speaker 1: From the first to Breaking News Desk on Bill Maloney. Karen,
Speaker 1: all right, Bill, thank you, and here lie breaking news
Speaker 1: over your Bloomberg tip squawk on your terminal SQ you
Speaker 1: a w K and that's a Bloomberg business flash. Now
Speaker 1: here's Michael Barr with more on what's going on around
Speaker 1: the world. Off, Karen, thank you very much. China says
Speaker 1: the reports and images of civilian deaths in the Ukrainian
Speaker 1: town of Bucha are deeply disturbing as calling for an investigation.
Speaker 1: It comes as Western governments are preparing tougher sanctions against Russia.
Speaker 1: China reported more than twenty thousand new daily COVID cases.
Speaker 1: It's driven by surging infections in Shanghai. In golf, tiger
Speaker 1: Wood says, for now he'll probably tee off at the
Speaker 1: Master's Golf tournament in Augusta, Georgia tomorrow, following a fourteen
Speaker 1: month recovery from a near fatal car crash that almost
Speaker 1: cost him his leg. Stay tuned for updates every hour
Speaker 1: on Bloomberg Radio and a special edition of Masters Tonight
Speaker 1: coming up at eleven pm the Eastern Time. In the NBA,
Speaker 1: the Nets and Wizards one. In the NHL, the Rangers
Speaker 1: beat the Devil's Three one, the Islanders and Bruins lost.
Speaker 1: Global news twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael barn this is Bloomberg, Karen, alright, Michaels, thank you.
Speaker 1: Sixty nine on Wall Street, we turned to news and
Speaker 1: science and technology Now at the Bloomberg and j I
Speaker 1: T STEM Report Bronzi U buy New Jersey Institute of
Speaker 1: Technology n j I T makes industry ready engineers and
Speaker 1: more than twenty fields. If it's engineering, it's at n
Speaker 1: j I T. Learn more at n j I T
Speaker 1: dot E d U I know, here's just making news
Speaker 1: and science, technology, engineering and math. According to an Israeli study,
Speaker 1: a fourth dose of Fiser's COVID nineteen vaccine improves protection
Speaker 1: against infection and severe illness. The findings, published today in
Speaker 1: New England Journal of Medicine, were based on data for
Speaker 1: one point two million people ages sixty years and older.
Speaker 1: About half of the participants had a fourth jab, while
Speaker 1: the rest had only the third. The rate of severe
Speaker 1: illness among those who received a fourth dose was about
Speaker 1: three times lower than those who had received only a
Speaker 1: third dose. In England, last month, COVID infections reached their
Speaker 1: highest levels since the pandemic began. That's according to a
Speaker 1: new study. It found the search was driven by the
Speaker 1: omicron veryan b h Q and by waning immunity among
Speaker 1: older adults who received their booster shots earlier compared to
Speaker 1: other age groups. Now says Dress rehearsal for its Mega
Speaker 1: Moon rocket is off until at least this weekend because
Speaker 1: of a pair of technical problems that kept stalling a
Speaker 1: fueling test. Launch managers tried twice to load nearly one
Speaker 1: million gallons of fuel into the three two foot rocket
Speaker 1: known as Space Launch System Countdown test is the last
Speaker 1: major milestone before the rockets long awaited launch debut, and
Speaker 1: that's a Bloomberg n j I t Stem report. Nathan Okay, Karen, Thanks.
Speaker 1: We are live from the Bloomberg Interactive Brokers Studios or
Speaker 1: at six fifty on Wall Street Time now to check
Speaker 1: what's going on in d C. Some of the top
Speaker 1: stories in our nation's capital include the US, EU and
Speaker 1: G seven already in new sanctions against Russia, an amendment
Speaker 1: dispute stalling the COVID spending bill in the Senate, and
Speaker 1: Ivanka Trump questioned for eight hours in the capitol. Ryant probe.
Speaker 1: Also making news this morning, an x oligarch who says
Speaker 1: Russian President Vladimir Putenci's war with the West already under
Speaker 1: Let's get more on this now and the other stories
Speaker 1: from Bloomberg. Government reporter Emily Wilkins joining us from the
Speaker 1: nation's capital. Very interesting story Emily on the Bloomberg terminal
Speaker 1: this morning. An interview with the former head of yukos Oil,
Speaker 1: Michail Kordakovski. What's he's saying about what Putin is thinking
Speaker 1: about the war in Ukraine? You think one of the
Speaker 1: really interesting things to emerge from this interview with him.
Speaker 1: You know, you've seen the US try and be so
Speaker 1: so careful about not escalating things with Putin, about saying
Speaker 1: that they don't want the US and Russia to be
Speaker 1: directly engaged in conflict. But according to what we're hearing
Speaker 1: from this former head of Yukos Oil Company, Putin already
Speaker 1: sees that he's at war with the West. Um. That's
Speaker 1: his perspective, even though the currently the fighting is only
Speaker 1: in Ukraine. Uh. He doesn't believe, per the former oligarch,
Speaker 1: that if he invaded the Boltics, that US and NATO
Speaker 1: would do anything. He sees NATO as weak um and
Speaker 1: he and that could mean that, you know, potentially this
Speaker 1: war is going to spread further than Ukraine, that we
Speaker 1: could see a potential escalation if this is indeed Putin thinking,
Speaker 1: And it is interesting insight as we are hearing this
Speaker 1: morning from Ukrainian President Zelinsky saying Russia hasn't given up
Speaker 1: its ambitions to take over all of his country. Given
Speaker 1: what Kodakovski is saying, Emily, what does this mean about
Speaker 1: the impact of sanctions that have already been imposed and
Speaker 1: as the US and allies consider even further ratcheting of
Speaker 1: punishments on the Russian economy. Well, Kodakowski said that economic
Speaker 1: sanctions alone don't scare Putin. Many things, the US needs
Speaker 1: to show Putin a consistent policy of force. Now there
Speaker 1: wasn't a ton of elaboration on that. There's really still
Speaker 1: not the appetite within Washington to actually send American troops
Speaker 1: over to Ukraine or to institute a no fly zone.
Speaker 1: But but Biden has been very adamant that should Putin
Speaker 1: go ahead and attack a NATO nation, that the US
Speaker 1: will respond, that they will live up to their Article
Speaker 1: five duties and defend their allies in that regard. So
Speaker 1: I think at this point it sounds like the concerns
Speaker 1: certainly is what happens if this war spreads to a
Speaker 1: NATO country, And and based on what we're hearing from Kardakovsky,
Speaker 1: Putin's mind is already there. So what's on the table
Speaker 1: now as the US and allies consider even further sanctions
Speaker 1: on Russia? We heard about the cold band from the
Speaker 1: EU yesterday, what more could be coming? So we're definitely
Speaker 1: seeing about the cold band on the EU and the
Speaker 1: US also discussing sanctioning of Putin's daughters. We don't know
Speaker 1: much about his daughter's but the hope is that the
Speaker 1: sanctions continue to ratchet of pressure within his inner circle. Um.
Speaker 1: The US is also looking to ban investments in the country.
Speaker 1: White House Press Secretary Jen Saki said yesterday that government's
Speaker 1: plan to increase penalties on Russian financial institutions and state
Speaker 1: owned enterprises and will sanction other Russian officials and their
Speaker 1: family members. What's the hold up on sanctioning Russian oil
Speaker 1: and gas? It seems like that's been the real sticking
Speaker 1: point here, something that Europe in particular has been very
Speaker 1: reticent of targeting. Why not at this point after particularly
Speaker 1: the atrocities that we've seen allegedly coming out of formally
Speaker 1: Russian occupied territory Northern Ukraine. For Europe, a lot of
Speaker 1: the concern is just that so much of their oil,
Speaker 1: such a large percentage of it is coming from Russia
Speaker 1: at this point, and there's you know, the US is
Speaker 1: trying to figure out ways to make sure that Europe
Speaker 1: is getting more oil and more gas that they don't
Speaker 1: have to be reliant on Russia. You saw that release
Speaker 1: of this from the Strategic Petroleum Reserve announced the other week.
Speaker 1: But I mean, part of it is that it's just
Speaker 1: not as easy as it is for the US, UH
Speaker 1: for some of these European nations to really cut off
Speaker 1: their reliance on on Russian oil. I want to turn
Speaker 1: quickly to some domestic matters as well. Their debate is
Speaker 1: underway in the Senate on COVID funding, but it looks
Speaker 1: like it's hit a snag. Yes, so it's a ten
Speaker 1: billion dollar package. Uh. The idea is that it will
Speaker 1: continue to allow the US to produces vaccines and other
Speaker 1: medicines to sort of prevent and help those have been
Speaker 1: infected with COVID. But I'm tied up in an immigration
Speaker 1: related provision title for you to which basically allowed the
Speaker 1: Trump administration to bar migrants from crossing the border under
Speaker 1: concerns that they would bring the virus into the US.
Speaker 1: That's still in place right now, but the Biden administration
Speaker 1: has announced that they want to repeal it around May
Speaker 1: twenty three. That has a lot of Republican consenators concerned,
Speaker 1: and even more so, it has a number of moderate
Speaker 1: Democrats and Democratic senators facing tough elections in the fall concern.
Speaker 1: And you've seen them join force is with these Republicans
Speaker 1: and say that you know, they want to They're concerned
Speaker 1: about this band being lifted. They're concerned about an influx
Speaker 1: of immigrants crossing at the southern border, and it's unclear
Speaker 1: exactly what the fate of this package is going to be.
Speaker 1: A Republicans say that they want to vote on an
Speaker 1: amendment to stop the repeal of Title forty two to
Speaker 1: keep that in place. Uh. Senator Meant Rodney, who negotiate
Speaker 1: this package, believes that if that happens, that Republicans will
Speaker 1: have the votes to move the package. And now kind
Speaker 1: of things are in Senator Chuck Schumer's lab. They were
Speaker 1: really hoping to pass this legislation before everyone went home
Speaker 1: for the Eastern Recess on Friday. The House was supposed
Speaker 1: to leave on Thursday. But Nathan, that's looking less and
Speaker 1: less likely now. Oh so there's a possibility then, just quickly,
Speaker 1: that they need more time even into the recess to
Speaker 1: get this done. Thirty seconds left, Emily, if they decide
Speaker 1: to go for it, yes, otherwise they could always break
Speaker 1: for recess pick it up when they come back. Um.
Speaker 1: I think right now, really the ball is been Senator
Speaker 1: Chuck Schomer's court as to how they move on that.
Speaker 1: All right, Emily Wilkins of Bloomberg Government. As always, thanks
Speaker 1: for the update from Washington. Read more about these stories
Speaker 1: on Bloomberg dot Com or on the Bloomberg terminal. Listen
Speaker 1: to Bloomberg Radio in the nation's capital, Bloomberg and one
Speaker 1: oh five point seven FM h D two SMP future
Speaker 1: is now down thirty three points, Stown futures down a
Speaker 1: hundred eighty eight Nastack futures are lower by a hundred
Speaker 1: sixty six points, and the bond sell off continues this morning,
Speaker 1: with the tenure Treasury now down twenty five thirty seconds,
Speaker 1: the yield two point six four percent, yield on the
Speaker 1: two year two point five six percent. On a morning
Speaker 1: where we await the minutes from the FEDS March meeting
Speaker 1: and more clues on the rate path and the balance sheet.
Speaker 1: Bloomberg Surveillance up next for Karen Moscow. I'm Nathan Hagar,
Speaker 1: and this is Bloomberg