1 00:00:03,320 --> 00:00:06,640 Speaker 1: Live from the Bloomberg Interacted Brooker Studios. This is Bloomberg 2 00:00:06,680 --> 00:00:11,320 Speaker 1: Daybreak for Monday, February two. Coming up this hour, Talks 3 00:00:11,400 --> 00:00:14,400 Speaker 1: between Ukraine and Russia set for this morning. Global team 4 00:00:14,440 --> 00:00:17,680 Speaker 1: coverage on the conflict straight ahead, equity sell off, treasury 5 00:00:17,760 --> 00:00:20,840 Speaker 1: yields fall, and the dollar strengthen. Says the West isolates 6 00:00:20,880 --> 00:00:24,239 Speaker 1: Russia and oil source has more sanctions cause fears of 7 00:00:24,280 --> 00:00:27,960 Speaker 1: an energy crisis. It's a milestone for coronavirus man dates 8 00:00:27,960 --> 00:00:31,000 Speaker 1: in New York State, plus North Korea's ramping up tensions 9 00:00:31,000 --> 00:00:34,480 Speaker 1: while the world is focused on Ukraine. Michael Blower. More ahead, 10 00:00:34,600 --> 00:00:37,200 Speaker 1: I'm John stash Our and sports the Nixon Rangers, both 11 00:00:37,240 --> 00:00:39,840 Speaker 1: Boss games with the Gardener shoutout win for the Islanders, 12 00:00:39,880 --> 00:00:44,960 Speaker 1: a big East loss for St. John's. That's all straight 13 00:00:45,000 --> 00:00:49,200 Speaker 1: ahead on Bloomberg day Break on Bloomberg eleven, TREEO, New York, 14 00:00:49,360 --> 00:00:54,080 Speaker 1: Bloomberg nine one, Washington, d C, Bloomberg one O six one, Boston, 15 00:00:54,240 --> 00:00:58,760 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 16 00:00:59,120 --> 00:01:01,920 Speaker 1: and around the world. Old on Bloomberg Radio dot Com 17 00:01:01,960 --> 00:01:08,480 Speaker 1: and via The Bloomberg Business And Good Morning. I'm Nathan 18 00:01:08,480 --> 00:01:11,960 Speaker 1: Hagar and I'm Karen Moscow. Low Little stocks are tumbling 19 00:01:11,959 --> 00:01:14,200 Speaker 1: and havens are rising. This morning, We're coming up to 20 00:01:14,240 --> 00:01:15,760 Speaker 1: six o one on Wall Street, and we check the 21 00:01:15,760 --> 00:01:18,760 Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg 22 00:01:18,840 --> 00:01:21,080 Speaker 1: right now, futures are lower but off their loads of 23 00:01:21,120 --> 00:01:24,680 Speaker 1: the morning. SNP futures are down fifty five points down, 24 00:01:24,680 --> 00:01:27,679 Speaker 1: futures down three hundred sixty nine, and nasday futures down 25 00:01:27,720 --> 00:01:31,039 Speaker 1: one hundred seventy six. Ten year treasury up twelve thirty seconds. 26 00:01:31,080 --> 00:01:33,720 Speaker 1: He had one point nine one percent, and they yield 27 00:01:33,720 --> 00:01:37,160 Speaker 1: on the two year one point five zero percent. Nathan, Karen, 28 00:01:37,200 --> 00:01:39,399 Speaker 1: we begin with the latest out of Eastern Europe. Officials 29 00:01:39,440 --> 00:01:42,319 Speaker 1: from Ukraine are meeting with Russia now and Belarus is 30 00:01:42,319 --> 00:01:45,640 Speaker 1: preparing to send troops into Ukraine. Amy Morris kicks off 31 00:01:45,640 --> 00:01:49,520 Speaker 1: our global team coverage from our Bloomberg newsroom in Washington. 32 00:01:49,840 --> 00:01:53,080 Speaker 1: Hours after Vladimir Putin pled his country's nuclear forces on 33 00:01:53,160 --> 00:01:57,960 Speaker 1: higher alert. Ukrainian officials planted negotiations near the border with Belarus, 34 00:01:57,960 --> 00:02:00,280 Speaker 1: but the Washington Post is quoting an un aimed you 35 00:02:00,360 --> 00:02:03,920 Speaker 1: as official that Belarus is preparing to send troops into 36 00:02:04,080 --> 00:02:07,600 Speaker 1: Ukraine as soon as today to help Russia. Senator Mark 37 00:02:07,600 --> 00:02:10,760 Speaker 1: Warner on the Senate Intelligence Committee tells NBCs meet the press, 38 00:02:11,040 --> 00:02:14,240 Speaker 1: Vladimir Putin may have miscalculated. And when you are an 39 00:02:14,240 --> 00:02:17,880 Speaker 1: authoritarian leader and you have less and less inputs and 40 00:02:17,919 --> 00:02:20,280 Speaker 1: you're only hearing from people that want to say to 41 00:02:20,320 --> 00:02:23,760 Speaker 1: the boss, heye, you're right, I think that leads to misconpulation. 42 00:02:23,919 --> 00:02:26,000 Speaker 1: I think that is what has happened in the case 43 00:02:26,040 --> 00:02:28,720 Speaker 1: of his invasion in Ukraine. The US is now advising 44 00:02:28,720 --> 00:02:32,440 Speaker 1: its citizens to consider leaving Russia immediately, with President Biden 45 00:02:32,480 --> 00:02:35,200 Speaker 1: set to speak with allies on the crisis later today 46 00:02:35,240 --> 00:02:38,280 Speaker 1: in Washington. I may be Morris Bloomberg daybreak. All right, Amy, 47 00:02:38,320 --> 00:02:41,240 Speaker 1: thank you now. More on that meeting between Russia and Ukraine, 48 00:02:41,240 --> 00:02:44,720 Speaker 1: and Ukrainian leader of Vladimir Zelenski is questioning whether much 49 00:02:44,760 --> 00:02:49,080 Speaker 1: may come of the talks. I'll say, frankly, like always, 50 00:02:49,240 --> 00:02:51,320 Speaker 1: I don't believe that much in the result of this meeting. 51 00:02:51,560 --> 00:02:54,000 Speaker 1: But let them try so that not a single citizen 52 00:02:54,040 --> 00:02:57,079 Speaker 1: of Ukraine has any doubt left that I, as President 53 00:02:57,560 --> 00:03:00,639 Speaker 1: used every chance to stop the war. You've a small one. 54 00:03:01,000 --> 00:03:04,360 Speaker 1: Ukrainian President Vladimir's Lenski is asking foreigners to join his 55 00:03:04,480 --> 00:03:08,080 Speaker 1: forces in response to Latia, will allow citizens to voluntarily 56 00:03:08,160 --> 00:03:11,079 Speaker 1: travel to Ukraine to fight Russia. The meantime, care in 57 00:03:11,120 --> 00:03:13,560 Speaker 1: the United Nations Security Council has voted to hold a 58 00:03:13,680 --> 00:03:16,639 Speaker 1: rare General Assembly meeting today over the crisis in Ukraine. 59 00:03:16,639 --> 00:03:19,600 Speaker 1: Bloomberg's Ed Baxter has the story, this is an attempt 60 00:03:19,600 --> 00:03:23,200 Speaker 1: by the Nations to further isolate Russia. US Ambassador to 61 00:03:23,240 --> 00:03:26,280 Speaker 1: the U n Lynda Thomas Greenfield says the urgent response 62 00:03:26,360 --> 00:03:30,280 Speaker 1: came as Vladimir Putin put his nuclear program on high alert, 63 00:03:30,480 --> 00:03:34,000 Speaker 1: even though he is invading a country with no nuclear 64 00:03:34,040 --> 00:03:38,880 Speaker 1: weapons and is under no threat from NATO, a defensive 65 00:03:38,880 --> 00:03:43,360 Speaker 1: alliance that will not fight in Ukraine. The only vote 66 00:03:43,360 --> 00:03:46,320 Speaker 1: against holding the assembly was Russia, but it does not 67 00:03:46,440 --> 00:03:50,440 Speaker 1: count as a veto because it's considered a procedural meeting. 68 00:03:50,960 --> 00:03:54,120 Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak. All right, 69 00:03:54,120 --> 00:03:56,000 Speaker 1: and thank you well. Western Nations have a great to 70 00:03:56,080 --> 00:03:59,520 Speaker 1: unleash new sanctions to further isolated Russia's economy, and Bloomberg's 71 00:03:59,520 --> 00:04:03,200 Speaker 1: down Tuck continues our Global team coverage live in New York, 72 00:04:03,320 --> 00:04:06,360 Speaker 1: John Karen. Some Russian banks will be excluded from the 73 00:04:06,440 --> 00:04:09,880 Speaker 1: Swift messaging system, which is used to conduct trillions of 74 00:04:09,920 --> 00:04:14,360 Speaker 1: dollars worth of transactions. The European Commission President or Sela Underland, 75 00:04:14,520 --> 00:04:18,080 Speaker 1: made the announcement over the weekend. Cutting banks off will 76 00:04:18,120 --> 00:04:22,360 Speaker 1: stop them from conducting most of their financial transactions worldwide 77 00:04:22,640 --> 00:04:27,279 Speaker 1: and effectively block Russian exports and inputs. The decision to 78 00:04:27,279 --> 00:04:30,200 Speaker 1: cut off banks from Swift marks a rapid escalation for 79 00:04:30,200 --> 00:04:32,520 Speaker 1: the US and its allies, who has said such a 80 00:04:32,520 --> 00:04:35,680 Speaker 1: move was a nuclear option. In Russia's central Bank will 81 00:04:35,680 --> 00:04:39,240 Speaker 1: now also be prevented from deploying its international reserves. The 82 00:04:39,279 --> 00:04:41,560 Speaker 1: decision to hit the central bank is a first for 83 00:04:41,600 --> 00:04:44,320 Speaker 1: an economy the size of Russia's. It could lead to 84 00:04:44,400 --> 00:04:48,159 Speaker 1: massive bank runs and shake Russia's financial system to the core. 85 00:04:48,600 --> 00:04:51,880 Speaker 1: Live in New York, I'm John Sucker, Bloomberg Daybreak. All right, John, Thanks, 86 00:04:51,880 --> 00:04:53,599 Speaker 1: and we are seeing the conflict in Ukraine have a 87 00:04:53,680 --> 00:04:56,760 Speaker 1: major impact on equities and the Russian ruble. This morning. 88 00:04:56,760 --> 00:05:00,520 Speaker 1: Bloomberg's Max Ramsey continues our global team coverage line from London. 89 00:05:00,560 --> 00:05:03,600 Speaker 1: Good morning, Max, Good morning Nathan and Karen. Yes, these 90 00:05:03,600 --> 00:05:06,039 Speaker 1: sanctions bringing a big risk off move and a lot 91 00:05:06,080 --> 00:05:08,760 Speaker 1: more volatility. We are off session lows, but still to 92 00:05:08,800 --> 00:05:12,279 Speaker 1: the downside across European stocks before one point three percent 93 00:05:12,320 --> 00:05:14,480 Speaker 1: on the stock six hundred, the foot See one hundred 94 00:05:14,520 --> 00:05:17,200 Speaker 1: down one percent, and the docks in Germany leads losses, 95 00:05:17,240 --> 00:05:20,520 Speaker 1: down two point two percent. Russia's stock market has not 96 00:05:20,720 --> 00:05:23,280 Speaker 1: opened today, but in the assets that are trading real 97 00:05:23,400 --> 00:05:27,080 Speaker 1: paralysis as sanctions hit the country's financial system. The ruble 98 00:05:27,160 --> 00:05:29,480 Speaker 1: hit an all time low against the dollar earlier. Right 99 00:05:29,520 --> 00:05:32,719 Speaker 1: now trading at around a one one hundred to the dollar. 100 00:05:32,920 --> 00:05:35,279 Speaker 1: It started the year at seventy five. We also track 101 00:05:35,320 --> 00:05:38,479 Speaker 1: the fallout across the energy space. BP shares down five 102 00:05:38,520 --> 00:05:41,240 Speaker 1: point three percent in London trading today, they announced they 103 00:05:41,279 --> 00:05:44,160 Speaker 1: would exit their steak in Russian state or state owned 104 00:05:44,160 --> 00:05:47,520 Speaker 1: oil producer Rosneft. Live in London, Max Ramsey bloom Bag 105 00:05:47,600 --> 00:05:50,200 Speaker 1: daybreak right, Max, thank you well. Oil is soaring as 106 00:05:50,320 --> 00:05:52,960 Speaker 1: energy markets are thrown into a state of disarray. Checking 107 00:05:52,960 --> 00:05:55,280 Speaker 1: prices right now now, I'm ex scrude oil is at 108 00:05:55,320 --> 00:05:59,000 Speaker 1: four point two per cent, they said five cents of 109 00:05:59,080 --> 00:06:01,480 Speaker 1: barrel and brent is that more than four percent as 110 00:06:01,480 --> 00:06:05,320 Speaker 1: well at one ninety seven cents. Bloomber's Rerneda Young joins 111 00:06:05,400 --> 00:06:07,920 Speaker 1: US live with more. Good Morning Nia, Good morning Karen. 112 00:06:08,000 --> 00:06:11,680 Speaker 1: Brent Crew jumped more than seven percent overnight before pulling 113 00:06:11,720 --> 00:06:14,600 Speaker 1: back to trade around one and three dollars of barrel. 114 00:06:14,960 --> 00:06:17,960 Speaker 1: The oil supply is already struggling to meet demand from 115 00:06:17,960 --> 00:06:21,680 Speaker 1: rebounding economies, and any disruptions from Russia, which is the 116 00:06:21,680 --> 00:06:26,560 Speaker 1: world's number three producer, could exacerbate conditions. Meantime, China and 117 00:06:26,600 --> 00:06:30,400 Speaker 1: other buyers have paused purchases of Russia's flagship oil Grade, 118 00:06:30,760 --> 00:06:34,240 Speaker 1: and some Asian customers are frantically trying to secure more 119 00:06:34,400 --> 00:06:37,600 Speaker 1: Middle Eastern crude. Live in New York. I'm gonna need 120 00:06:37,600 --> 00:06:39,280 Speaker 1: a young bloom bark day break, all right, we need 121 00:06:39,320 --> 00:06:41,680 Speaker 1: a thanks. There's even more fallout from the Russian invasion. 122 00:06:41,680 --> 00:06:44,080 Speaker 1: The Bank of Russia more than doubled its key interest 123 00:06:44,160 --> 00:06:46,360 Speaker 1: rate overnight to the highest in almost two decades. The 124 00:06:46,440 --> 00:06:50,800 Speaker 1: rate will increase from nine and a half to and back. 125 00:06:50,800 --> 00:06:53,440 Speaker 1: Here in the US, Nathan Fed Chair J. Powell must 126 00:06:53,480 --> 00:06:56,839 Speaker 1: strike a delicate balance before Congress this week. Pawell deliver 127 00:06:56,920 --> 00:07:00,599 Speaker 1: semi annual testimony on Wednesday, and unlikely in horse recent 128 00:07:00,640 --> 00:07:03,280 Speaker 1: signals from his colleagues at the Federal race interest rates 129 00:07:03,320 --> 00:07:06,320 Speaker 1: in March at the same time, Russia's invasion has injected 130 00:07:06,320 --> 00:07:10,280 Speaker 1: a dose of uncertainty again. Futures are lower. SMP futures 131 00:07:10,280 --> 00:07:13,440 Speaker 1: down fifty six points down, futures down three hundred sixty nine, 132 00:07:13,720 --> 00:07:16,320 Speaker 1: Nasdack futures down one hundred eighty two. Straight ahead, your 133 00:07:16,360 --> 00:07:19,800 Speaker 1: latest local headlines, plus a check of sports. This is Bloomberg. 134 00:07:23,200 --> 00:07:26,080 Speaker 1: It's tring. It's six oh seven on Wall Street, twenty 135 00:07:26,160 --> 00:07:29,560 Speaker 1: seven degrees in Central Park and the Sunrise Highways closed 136 00:07:29,560 --> 00:07:31,560 Speaker 1: both ways in Mary because of a crash. It's at 137 00:07:31,600 --> 00:07:34,320 Speaker 1: Landown Avenue. Michael Bars here with more on what's going 138 00:07:34,320 --> 00:07:36,160 Speaker 1: on in New York and around the world. Michael, thank 139 00:07:36,200 --> 00:07:39,200 Speaker 1: you very much, Nathan. New York's COVID nineteen restrictions in 140 00:07:39,240 --> 00:07:42,000 Speaker 1: the city and around the state will be scaled back 141 00:07:42,000 --> 00:07:45,240 Speaker 1: in the coming days, ending into our school mask mandates. 142 00:07:45,560 --> 00:07:49,720 Speaker 1: Governor Cathy Ocle cited a recent CDC guidance that classified 143 00:07:49,720 --> 00:07:52,880 Speaker 1: New York as low risk for COVID infection. There are 144 00:07:52,960 --> 00:07:55,880 Speaker 1: some states, some counties in the standard where they have 145 00:07:55,880 --> 00:07:59,520 Speaker 1: a higher rate of transmission. We will allow them the 146 00:08:00,000 --> 00:08:02,880 Speaker 1: flexibility to determine what's best for their county. We would 147 00:08:02,960 --> 00:08:05,080 Speaker 1: encourage them to take a look at this and follow 148 00:08:05,120 --> 00:08:08,000 Speaker 1: the CDC, but this will no longer be a mandate. 149 00:08:08,400 --> 00:08:11,239 Speaker 1: Governor Huncle also says New York will also cut back 150 00:08:11,320 --> 00:08:15,640 Speaker 1: requirements to show proof of vaccination in city restaurants, gyms, 151 00:08:15,640 --> 00:08:18,320 Speaker 1: and other venues. Some governors are banning the sale of 152 00:08:18,400 --> 00:08:21,880 Speaker 1: Russian vodka in response to the invasion of Ukraine. It 153 00:08:22,000 --> 00:08:24,920 Speaker 1: comes as New York is among states pledging to welcome 154 00:08:25,000 --> 00:08:27,880 Speaker 1: Ukrainian refugees. Because we have the Statue of Liberty in 155 00:08:27,920 --> 00:08:30,040 Speaker 1: our harbor. This is a point of pride for us 156 00:08:30,080 --> 00:08:33,199 Speaker 1: to welcome all of them. Governor Hocal signed and executive 157 00:08:33,280 --> 00:08:35,600 Speaker 1: order that will result in a review of New York's 158 00:08:35,600 --> 00:08:40,400 Speaker 1: business ties, purchases, and investments possibly connected to Russian entities. 159 00:08:40,800 --> 00:08:43,760 Speaker 1: North Korea says it tested cameras to be installed on 160 00:08:43,840 --> 00:08:47,320 Speaker 1: a spy satellite. Today's announcement comes a day after North 161 00:08:47,400 --> 00:08:51,280 Speaker 1: Korea's neighbors detected a ballistic missile launch. The U N 162 00:08:51,320 --> 00:08:54,280 Speaker 1: and others view a satellite launch by North Korea as 163 00:08:54,280 --> 00:08:58,040 Speaker 1: a cover for tests of missile technology. President Joe Biden's 164 00:08:58,040 --> 00:09:01,360 Speaker 1: approval rating fell to a record low. A New Washington 165 00:09:01,360 --> 00:09:05,079 Speaker 1: Post ABC News poll shows only thirty seven percent approve 166 00:09:05,120 --> 00:09:07,880 Speaker 1: of the job he's doing. In fifty five percent say 167 00:09:08,000 --> 00:09:10,440 Speaker 1: that they disapprove. Ahead of his first State of the 168 00:09:10,520 --> 00:09:14,439 Speaker 1: Union address tomorrow, Judge Katangi Brown Jackson will start paying 169 00:09:14,440 --> 00:09:17,320 Speaker 1: courtesy visits to U. S. Senators this week ahead of 170 00:09:17,320 --> 00:09:20,200 Speaker 1: her confirmation hearing. If approved, she would be the first 171 00:09:20,200 --> 00:09:23,000 Speaker 1: black woman seated on the U. S. Supreme Court. Senate 172 00:09:23,040 --> 00:09:26,240 Speaker 1: Majority Leader Chuck Schumer of New York reacted to President 173 00:09:26,280 --> 00:09:30,280 Speaker 1: Biden Supreme Court nominee, she is just such an outstanding nominee. 174 00:09:30,280 --> 00:09:33,360 Speaker 1: It's amazed me that no one in her past who 175 00:09:33,400 --> 00:09:35,440 Speaker 1: has worked with her, both when she was on the 176 00:09:35,480 --> 00:09:38,200 Speaker 1: private side and then as a judge, has anything bad 177 00:09:38,240 --> 00:09:42,120 Speaker 1: to say about or whether the Democrat, Republican, liberal or conservative. Senator. 178 00:09:42,200 --> 00:09:45,520 Speaker 1: Schumer also says an additional six point four billion dollars 179 00:09:45,559 --> 00:09:48,400 Speaker 1: an emergency aid for Ukraine will be added into an 180 00:09:48,480 --> 00:09:51,520 Speaker 1: upcoming Senate budget bill. Global News twenty four hours a 181 00:09:51,600 --> 00:09:54,640 Speaker 1: day on air, end on Bloomberg Quicktake, powered by more 182 00:09:54,679 --> 00:09:57,079 Speaker 1: than twenty seven under journalist and analyst more than a 183 00:09:57,120 --> 00:10:00,560 Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg. Thank you 184 00:10:00,600 --> 00:10:06,800 Speaker 1: my call. Come up to six ten on Wall Street 185 00:10:06,800 --> 00:10:09,000 Speaker 1: time for the Bloomberg Sports Update with John Stashi all 186 00:10:09,040 --> 00:10:11,199 Speaker 1: Right Ethan seven days in a row, the two sides 187 00:10:11,240 --> 00:10:13,920 Speaker 1: of the baseball lockout have met. The one yesterday lasted 188 00:10:14,000 --> 00:10:16,600 Speaker 1: six hours, but after each one story is always the same. 189 00:10:16,640 --> 00:10:19,520 Speaker 1: No real progress on the key economic hitches. They'll be 190 00:10:19,520 --> 00:10:22,000 Speaker 1: back for more today, but according to MLB, if they 191 00:10:22,120 --> 00:10:24,480 Speaker 1: don't emerge today with a lock out, any labor deal 192 00:10:24,559 --> 00:10:26,920 Speaker 1: this season will not start on time and will not 193 00:10:27,000 --> 00:10:29,760 Speaker 1: be a hundred and sixty two games at the Garden 194 00:10:29,840 --> 00:10:32,520 Speaker 1: next beaten by Philadelphia one five, one on one. Joe l. 195 00:10:32,600 --> 00:10:34,880 Speaker 1: M Be scored thirty seven points. He went to the 196 00:10:34,960 --> 00:10:38,280 Speaker 1: free throw line twenty seven times. Two Knick centers fouled 197 00:10:38,280 --> 00:10:40,760 Speaker 1: out trying to defend him, and Be made twenty three 198 00:10:40,760 --> 00:10:43,199 Speaker 1: of those fell shots. And the new six are James Harden, 199 00:10:43,440 --> 00:10:46,240 Speaker 1: who engineered that trade out of Brooklyn. Score twenty nine 200 00:10:46,280 --> 00:10:50,640 Speaker 1: at a triple double. We're feeling good with Philly. This 201 00:10:50,760 --> 00:10:54,840 Speaker 1: is my second name month. Uh, but just my body 202 00:10:54,880 --> 00:10:57,120 Speaker 1: feel great and then it feels great. How to choke 203 00:10:57,200 --> 00:10:59,120 Speaker 1: his way honesty and a really really long time. So 204 00:10:59,360 --> 00:11:03,840 Speaker 1: it's just my hop my finnigins in the rim extra stuff. Um, 205 00:11:03,960 --> 00:11:06,400 Speaker 1: this was really great Nick's not doing so hot. They've 206 00:11:06,400 --> 00:11:08,559 Speaker 1: lost fifteen or the last eighteen and the worst of 207 00:11:08,600 --> 00:11:10,960 Speaker 1: the NBA over that time. Lakers not much better, lost 208 00:11:11,000 --> 00:11:14,080 Speaker 1: at home to New Orleans by twenty eight. Dallas came 209 00:11:14,120 --> 00:11:16,080 Speaker 1: from nineteen down in the second half to win at 210 00:11:16,080 --> 00:11:18,800 Speaker 1: Golden State. Rangers were also at the Garden. Quiet night 211 00:11:18,840 --> 00:11:21,040 Speaker 1: for the Blue Shirts. They lost to Vancouver five to two. 212 00:11:21,040 --> 00:11:24,320 Speaker 1: The Islanders afford nothing win at Anaheim. Bad loss for St. 213 00:11:24,360 --> 00:11:26,280 Speaker 1: John's with the Big East Tournament coming next week to 214 00:11:26,360 --> 00:11:29,600 Speaker 1: Red Storm fell at the Fall ninety four Javon Freeman 215 00:11:29,679 --> 00:11:32,679 Speaker 1: Liberty score thirty nine for the Blue Demons. Manhattan lost 216 00:11:32,720 --> 00:11:35,480 Speaker 1: the Fairfield. I wanna beat Ryder. The Gales have dominated 217 00:11:35,520 --> 00:11:37,800 Speaker 1: the MAC, but they'll need to win the upcoming tournament 218 00:11:37,840 --> 00:11:39,760 Speaker 1: to gain entry to the n C Double. As in 219 00:11:39,800 --> 00:11:42,640 Speaker 1: Austrian Steps, Straka came from five shots down to win 220 00:11:42,679 --> 00:11:46,080 Speaker 1: the Hunda Gulf in Palm Beach. John Stash at Bloomberg Sports, 221 00:11:46,280 --> 00:11:49,240 Speaker 1: thank you, john SMP futures down down fifty three points down, 222 00:11:49,240 --> 00:11:51,920 Speaker 1: futures down three to fifty three. Nanstack futures lower by 223 00:11:51,960 --> 00:11:55,560 Speaker 1: a hundred seventy four points. Oil surging this morning. Nimex 224 00:11:55,559 --> 00:11:58,959 Speaker 1: screwed up four and a half percent. The latest on Ukraine. Next, 225 00:11:59,040 --> 00:12:01,439 Speaker 1: with Bloomberg's rons Athosen, we'll look at the oil market 226 00:12:01,480 --> 00:12:03,800 Speaker 1: as well with Stephen Schork of the Short Group. This 227 00:12:04,160 --> 00:12:09,600 Speaker 1: is Bloomberg Bloomberg eleven three oh weather sunny, breezy, mid 228 00:12:09,640 --> 00:12:13,360 Speaker 1: thirties today, partly sunny, mid forties tomorrow him your fifty. 229 00:12:13,480 --> 00:12:22,400 Speaker 1: Mostly sunny by Wednesday. Currently twenties seven degrees in Central Park. Markets, 230 00:12:22,520 --> 00:12:25,600 Speaker 1: headlines and breaking news twenty four hours a day at 231 00:12:25,600 --> 00:12:29,040 Speaker 1: Bloomberg dot com. The Bloomberg Business at and at Bloomberg 232 00:12:29,080 --> 00:12:38,880 Speaker 1: Quicktape is a Bloomberg business lash and I'm fair in Moscow. 233 00:12:38,920 --> 00:12:41,720 Speaker 1: This update brought to you by Interactive Brokers trade crypto 234 00:12:41,800 --> 00:12:44,199 Speaker 1: for less coin with commissions as twelve to eighteen basis 235 00:12:44,200 --> 00:12:46,360 Speaker 1: points and no hidden spreads their mark ups. Learn more 236 00:12:46,640 --> 00:12:51,440 Speaker 1: at ibkr dot com. Slash crypto equities are following sovereign 237 00:12:51,480 --> 00:12:55,360 Speaker 1: bonds rallying. Commodities are surging a bit heightened uncertainty after 238 00:12:55,440 --> 00:12:59,960 Speaker 1: Western nations escalated sanctions on Russia for the invasion of Ukraine, 239 00:13:00,000 --> 00:13:02,079 Speaker 1: and we checked the markets every fifteen minutes throughout the 240 00:13:02,120 --> 00:13:05,080 Speaker 1: training day on bloomberg S and p Future is down 241 00:13:05,080 --> 00:13:07,680 Speaker 1: a sixty point, so they're well off their lows of 242 00:13:07,679 --> 00:13:10,160 Speaker 1: the morning, down one point four percent right now. Now 243 00:13:10,240 --> 00:13:12,679 Speaker 1: Future is down four hundred eight and NASDACK futures down 244 00:13:12,720 --> 00:13:16,040 Speaker 1: one ninety five. The decks in Germany is down to 245 00:13:16,280 --> 00:13:18,800 Speaker 1: and a quarter percent. The ten year treasury of fourteen 246 00:13:18,840 --> 00:13:22,000 Speaker 1: thirty seconds yield one point nine one percent. They yield 247 00:13:22,080 --> 00:13:25,480 Speaker 1: on the two year one point five percent. Nimex crude 248 00:13:25,480 --> 00:13:27,559 Speaker 1: oil is up four and a half percent of four 249 00:13:27,559 --> 00:13:30,640 Speaker 1: dollars eleven cents at ninety five dollars seventy cents a barrel. 250 00:13:30,840 --> 00:13:33,440 Speaker 1: Comes gold up one point one percent of twenty one 251 00:13:33,440 --> 00:13:36,640 Speaker 1: dollar sixty cents at nineteen o nine twenty announced the 252 00:13:36,679 --> 00:13:39,480 Speaker 1: Euro one point one to one four against the dollar, 253 00:13:39,520 --> 00:13:42,160 Speaker 1: British pound one point three four and the ends at 254 00:13:42,160 --> 00:13:45,640 Speaker 1: one fifteen point five six. And checking Bitcoin this morning 255 00:13:45,720 --> 00:13:48,800 Speaker 1: higher by about two point four percent. It's at thirty 256 00:13:48,800 --> 00:13:52,240 Speaker 1: eight thousand, three hundred thirty dollars. That's a bloomberg business flash. 257 00:13:52,240 --> 00:13:54,320 Speaker 1: Now here's Michael Barr with more on what's going on 258 00:13:54,440 --> 00:13:58,280 Speaker 1: around the world. Michael, thank you very much. Karen. Right 259 00:13:58,320 --> 00:14:01,840 Speaker 1: now Ukraine is all ding pea stalks, with Moscow near 260 00:14:01,880 --> 00:14:05,600 Speaker 1: the Belarus border. It comes as President Vladimir Putin dramatically 261 00:14:05,760 --> 00:14:09,600 Speaker 1: escalated East West tensions by ordering Russian nuclear forces on 262 00:14:09,760 --> 00:14:14,120 Speaker 1: high alert in Hong Kong. They are currently grapping with 263 00:14:14,320 --> 00:14:18,200 Speaker 1: the latest of the COVID mandate. Hong Kong reported a 264 00:14:18,240 --> 00:14:22,040 Speaker 1: record high thirty four thousand, four hundred sixty six infections today, 265 00:14:22,440 --> 00:14:25,600 Speaker 1: as deaths continue to climb. In the NBA, the Nick 266 00:14:25,720 --> 00:14:29,200 Speaker 1: Celtics and Warriors lost. In the NHL, the Islanders won, 267 00:14:29,280 --> 00:14:32,240 Speaker 1: the Rangers lost. Global News twenty four hours a day 268 00:14:32,280 --> 00:14:35,200 Speaker 1: on air and on Bloomberg Quicktake, powered by more than 269 00:14:35,280 --> 00:14:38,920 Speaker 1: twenty seven journalists, analysts and more than a hundred twenty countries. 270 00:14:38,960 --> 00:14:42,160 Speaker 1: I'm Michael Bar. This is Bloomberg. Nathan Okay, Michael, thank you. 271 00:14:42,200 --> 00:14:44,760 Speaker 1: At six nineteen on Wall Street Line from the Bloomberg 272 00:14:44,760 --> 00:14:48,800 Speaker 1: Interactive Broker Studios. This is Bloomberg Daybreak, and Bloomberg's executive 273 00:14:48,920 --> 00:14:52,280 Speaker 1: editor for International Relations, Rosalind Matheson joins us as we 274 00:14:52,320 --> 00:14:55,720 Speaker 1: continue following developments in the war in Ukraine. Ros good morning, 275 00:14:55,760 --> 00:14:58,080 Speaker 1: Good to have you with us. We just heard from 276 00:14:58,080 --> 00:15:01,360 Speaker 1: Michael Barr that talks have begun on the Belarusian border 277 00:15:01,400 --> 00:15:04,800 Speaker 1: between Ukrainian and Russian delegations. At the same time, we're 278 00:15:04,800 --> 00:15:08,960 Speaker 1: hearing about continued fierce fighting in some of Ukraine's largest 279 00:15:09,040 --> 00:15:13,000 Speaker 1: northern cities. What's the latest, Well, that's right, those talks 280 00:15:13,120 --> 00:15:16,480 Speaker 1: which we're supposed to start on Sunday have dragged on 281 00:15:16,520 --> 00:15:20,640 Speaker 1: a just now begun in a border area near Bielarus. 282 00:15:20,680 --> 00:15:24,160 Speaker 1: They're at a deputy minister and a ministerial level, which 283 00:15:24,200 --> 00:15:27,760 Speaker 1: is relatively low ball concerning they're supposed to be discussing 284 00:15:27,960 --> 00:15:31,640 Speaker 1: terms here for some sort of peace. What they're probably 285 00:15:31,640 --> 00:15:33,640 Speaker 1: going to talk about is the definition of what it 286 00:15:33,640 --> 00:15:36,800 Speaker 1: would mean for Ukraine to be in quote marks neutral 287 00:15:37,280 --> 00:15:39,560 Speaker 1: in all of this. And when it comes to that question, 288 00:15:39,600 --> 00:15:42,600 Speaker 1: there's a huge gulf between Russia and Ukraine or what 289 00:15:42,720 --> 00:15:46,120 Speaker 1: Ukrainian neutrality would look like. So really these talks are 290 00:15:46,120 --> 00:15:48,720 Speaker 1: going to be pushing uphill from the very beginning to 291 00:15:48,760 --> 00:15:52,480 Speaker 1: find some sort of progress at all, and expectations have 292 00:15:52,600 --> 00:15:55,080 Speaker 1: to be very limited as they sit down to start 293 00:15:55,120 --> 00:15:58,800 Speaker 1: their conversation. Certainly least it allows the Russian president to say, well, 294 00:15:58,840 --> 00:16:01,800 Speaker 1: hang on, I am trying to talks here with Ukraine 295 00:16:02,000 --> 00:16:04,640 Speaker 1: UM and trying to show some sort of negotiation. But 296 00:16:04,800 --> 00:16:07,280 Speaker 1: the likelihood of some sort of progress from this talks 297 00:16:07,280 --> 00:16:09,880 Speaker 1: has to be extremely low. Now when you talk about 298 00:16:09,880 --> 00:16:12,760 Speaker 1: the idea of Ukrainian neutrality, we've heard from the President 299 00:16:12,800 --> 00:16:16,960 Speaker 1: of Ukraine, Voladimir'szlinsky, calling for fast track admission into the 300 00:16:17,000 --> 00:16:21,520 Speaker 1: European Union. What could the potential response from Europe be 301 00:16:22,200 --> 00:16:25,880 Speaker 1: to that. What's the likelihood that we see more diplomatic 302 00:16:25,920 --> 00:16:29,280 Speaker 1: support for Ukraine. Well, that's right, and if anything, that 303 00:16:29,360 --> 00:16:33,360 Speaker 1: just shows Ukraine increasingly wanting to move further towards Europe 304 00:16:33,400 --> 00:16:36,080 Speaker 1: and certainly not to be what you would think of 305 00:16:36,320 --> 00:16:39,360 Speaker 1: as neutral. Um And with those comments this morning, so 306 00:16:39,760 --> 00:16:43,000 Speaker 1: Ukraine has asked for that several times. It's interesting they've 307 00:16:43,040 --> 00:16:45,320 Speaker 1: asked for it again today. Of course, getting into the 308 00:16:45,320 --> 00:16:49,000 Speaker 1: EU as a very long and arduous process. Croatia, which 309 00:16:49,080 --> 00:16:51,040 Speaker 1: was the last to join it, took them ten years 310 00:16:51,080 --> 00:16:53,360 Speaker 1: to get through all the steps to do so. But 311 00:16:53,400 --> 00:16:56,640 Speaker 1: they might be able to take a very preliminary step, 312 00:16:57,280 --> 00:17:00,880 Speaker 1: which in itself would be highly significant, even though full 313 00:17:00,920 --> 00:17:04,200 Speaker 1: EU membership would be some time away. But it's certainly 314 00:17:04,240 --> 00:17:07,879 Speaker 1: interesting timing that the Ukrainian president has raised that again today, 315 00:17:08,680 --> 00:17:10,199 Speaker 1: and at the same time, of course, as we heard 316 00:17:10,240 --> 00:17:13,440 Speaker 1: from Michael barn the news there Russia's president Vladimir Putin 317 00:17:13,480 --> 00:17:16,840 Speaker 1: put his nuclear force on heightened alert over the weekend, 318 00:17:16,880 --> 00:17:20,200 Speaker 1: a eye opening step. To be sure, how is that 319 00:17:20,240 --> 00:17:23,159 Speaker 1: being received in Europe? How seriously are they taking the 320 00:17:23,240 --> 00:17:32,719 Speaker 1: prospect of further escalation into incredibly dire weaponry. Well, certainly 321 00:17:32,800 --> 00:17:35,399 Speaker 1: that's the question. I mean, he put his nuclear forces 322 00:17:35,440 --> 00:17:38,720 Speaker 1: on higher alert, which doesn't suggest, of course, there any 323 00:17:38,800 --> 00:17:43,640 Speaker 1: kind of nuclear action is actually imminent. What it does do, though, 324 00:17:43,720 --> 00:17:46,120 Speaker 1: is again sort of throw that question into the broader 325 00:17:46,160 --> 00:17:49,520 Speaker 1: security architecture for Europe. So you've got a continent that's 326 00:17:49,560 --> 00:17:52,840 Speaker 1: grappling within it with a conflict right on its borders, 327 00:17:53,560 --> 00:17:56,399 Speaker 1: especially out in the east. You've got NATO having moved 328 00:17:56,680 --> 00:17:58,679 Speaker 1: a lot of forces and equipment there to send the 329 00:17:58,720 --> 00:18:02,040 Speaker 1: message to Vladimir Pusian that you may set foot in Ukraine, 330 00:18:02,040 --> 00:18:04,800 Speaker 1: but you won't step step further into Europe, and if 331 00:18:04,840 --> 00:18:08,760 Speaker 1: you do, you'll be in direct confrontation with NATO forces. 332 00:18:09,119 --> 00:18:11,200 Speaker 1: But the whole batch op to this has been efforts 333 00:18:11,280 --> 00:18:16,119 Speaker 1: over years to sort of towards nuclear non proliferation in 334 00:18:16,160 --> 00:18:19,040 Speaker 1: the region, to not have those weapons on the table, 335 00:18:19,400 --> 00:18:22,639 Speaker 1: and certainly, just by even raising the alert, the Russian 336 00:18:22,680 --> 00:18:25,240 Speaker 1: president sang I'm putting it potentially back on the table, 337 00:18:25,560 --> 00:18:28,720 Speaker 1: and that's got to be causing significant unease in European 338 00:18:28,760 --> 00:18:31,600 Speaker 1: capitals and beyond. And we're certainly seeing the unease and 339 00:18:31,640 --> 00:18:34,239 Speaker 1: markets play out this morning with the rubles sinking and 340 00:18:34,280 --> 00:18:38,240 Speaker 1: the flight to safety. What's the risk to the European 341 00:18:38,320 --> 00:18:42,520 Speaker 1: economy of further sanctions on Russia when we're starting to 342 00:18:42,560 --> 00:18:46,240 Speaker 1: see this fallout from the Russian Central Bank being sanctioned 343 00:18:46,240 --> 00:18:48,719 Speaker 1: and the private banks being kicked out of the Swift 344 00:18:48,760 --> 00:18:52,600 Speaker 1: financial system, Well, certainly we want to wait and see 345 00:18:52,600 --> 00:18:54,879 Speaker 1: exactly which banks are going to be kicked out of 346 00:18:54,960 --> 00:18:57,439 Speaker 1: Swift by the US and others, and that will give 347 00:18:57,520 --> 00:19:00,320 Speaker 1: us a broader idea again of how what's bread the 348 00:19:00,359 --> 00:19:04,240 Speaker 1: fallout might be on the European economies, in particularly because 349 00:19:04,240 --> 00:19:06,840 Speaker 1: they're the ones that have the most exposure to Russia, 350 00:19:06,960 --> 00:19:10,440 Speaker 1: lesser of course countries like the US. But we also 351 00:19:10,480 --> 00:19:12,400 Speaker 1: want to see how it affects, for example, the chip 352 00:19:12,480 --> 00:19:15,680 Speaker 1: supply chain, because a lot of chips go to Russia 353 00:19:15,840 --> 00:19:19,600 Speaker 1: from Asia, not just China, but also other countries there 354 00:19:19,640 --> 00:19:23,320 Speaker 1: and if that gets cut off, particularly from Taiwan and Korea. UM, 355 00:19:23,359 --> 00:19:25,199 Speaker 1: you can see a flow and effect of course, on 356 00:19:25,240 --> 00:19:28,359 Speaker 1: the chip supply chain um let alone, the energy issue, 357 00:19:28,400 --> 00:19:31,560 Speaker 1: which is again the big question of Europe's reliance on 358 00:19:31,680 --> 00:19:34,639 Speaker 1: energy supplies. Would Vladimir Putin at some point decide just 359 00:19:34,720 --> 00:19:37,320 Speaker 1: to turn those supplies off. That doesn't seem to have 360 00:19:37,359 --> 00:19:39,440 Speaker 1: happened yet, of course, but it's one of those dangling 361 00:19:39,560 --> 00:19:42,840 Speaker 1: questions that must be in the minds of European official 362 00:19:42,960 --> 00:19:46,920 Speaker 1: So there will be reverberations on the European economy either way. 363 00:19:46,960 --> 00:19:49,480 Speaker 1: And of course we're coming out of a pandemic that's 364 00:19:49,520 --> 00:19:52,639 Speaker 1: caused a huge amount of damage on the economy globally, 365 00:19:53,280 --> 00:19:55,360 Speaker 1: so we need to see exactly how that plays out 366 00:19:55,400 --> 00:19:59,639 Speaker 1: for individual sectors. Bloomberg's Rosalan Mathieson, our executive editor for 367 00:19:59,680 --> 00:20:02,320 Speaker 1: Interinet Eastern Relations. As always, thanks for keeping us up 368 00:20:02,359 --> 00:20:06,120 Speaker 1: to speed on what's happening uh in the crisis in Ukraine. 369 00:20:06,280 --> 00:20:09,359 Speaker 1: As we continue to watch the fallout in markets, we 370 00:20:09,400 --> 00:20:14,000 Speaker 1: are seeing another session where crude oil prices are surging. 371 00:20:14,119 --> 00:20:17,080 Speaker 1: Brent is higher by four point nine percent. Just shy 372 00:20:17,119 --> 00:20:19,880 Speaker 1: of a hundred three dollars of barrel. West Texas Intermediate 373 00:20:19,920 --> 00:20:22,440 Speaker 1: also your broker's global analysts and helps you find a 374 00:20:22,520 --> 00:20:27,200 Speaker 1: global investment opportunities to diversify your portfolio and discover undervalued 375 00:20:27,240 --> 00:20:30,240 Speaker 1: companies that may have greater growth potential. Try ib K 376 00:20:30,400 --> 00:20:33,680 Speaker 1: our Global Analysts today at ibkr dot com slash g 377 00:20:34,000 --> 00:20:37,120 Speaker 1: A we've become with the latest developments in Eastern Europe, 378 00:20:37,160 --> 00:20:41,000 Speaker 1: Interfacts is reporting that talks have started between Russia and Ukraine. 379 00:20:41,200 --> 00:20:44,679 Speaker 1: President Vladimir's Lensky questions whether much will come of it, 380 00:20:44,720 --> 00:20:46,879 Speaker 1: but he feels bound to make an attempt if it 381 00:20:46,960 --> 00:20:50,200 Speaker 1: means a chance at peace. Meantime, Western nations have agreed 382 00:20:50,280 --> 00:20:54,120 Speaker 1: to impose more sanctions him in isolating Russia's economy. Penalties 383 00:20:54,200 --> 00:20:56,680 Speaker 1: have yet to include the energy industry. And here's the 384 00:20:56,680 --> 00:21:00,600 Speaker 1: White House spokesperson Gen Saki, and ourgo sanctions are certainly 385 00:21:00,640 --> 00:21:02,879 Speaker 1: on the table. We have not taken those off, but 386 00:21:02,960 --> 00:21:04,800 Speaker 1: we also want to do that and make sure we're 387 00:21:04,800 --> 00:21:08,480 Speaker 1: minimizing the impact on the global marketplace. White House spokesperson 388 00:21:08,560 --> 00:21:11,119 Speaker 1: Jen Saki made the comments on ABC's This Week or 389 00:21:11,160 --> 00:21:14,439 Speaker 1: and Sundays on Bloomberg rightioll Karen, Fears of an energy 390 00:21:14,480 --> 00:21:18,120 Speaker 1: crisis do have oil surging This morning checking the latest prices, 391 00:21:18,200 --> 00:21:20,880 Speaker 1: nime X crews up four point six percent of four 392 00:21:20,920 --> 00:21:24,600 Speaker 1: dollars nineteen cents at seventy seven cents of barrel. Brent, 393 00:21:24,720 --> 00:21:27,760 Speaker 1: the international benchmark is hired by four point nine hundred 394 00:21:27,760 --> 00:21:30,880 Speaker 1: two dollars sixty eight cents, and Bloomberg's Ranita Young joins 395 00:21:30,960 --> 00:21:33,439 Speaker 1: us live with more. Good morning, Granita, Good morning, Nathan. 396 00:21:33,440 --> 00:21:37,200 Speaker 1: Brent crew dumped more than seven percent overnight before pulling 397 00:21:37,200 --> 00:21:40,120 Speaker 1: back to trade close to a hundred and three dollars 398 00:21:40,119 --> 00:21:43,120 Speaker 1: of barrel. The oil supply was already struggling to meet 399 00:21:43,160 --> 00:21:47,400 Speaker 1: demand from rebounding economies, and any disruptions from Russia, which 400 00:21:47,400 --> 00:21:51,840 Speaker 1: is the world's number three producer, could exacerbate conditions. Meantime, 401 00:21:51,920 --> 00:21:55,399 Speaker 1: China and other buyers have paused purchases of Russia's flagship 402 00:21:55,480 --> 00:21:59,119 Speaker 1: oil Grade, and some Asian customers are frantically trying to 403 00:21:59,160 --> 00:22:02,760 Speaker 1: secure more Middle Eastern crude. Live in New York, I'm 404 00:22:02,800 --> 00:22:05,320 Speaker 1: rened a Young Bloomberg Daybreak, I rened to thank you. 405 00:22:05,480 --> 00:22:08,520 Speaker 1: Oil is spiking, equities are selling off, and sovereign bonds 406 00:22:08,520 --> 00:22:11,080 Speaker 1: are rallying. As in Key futures which were down almost 407 00:22:11,080 --> 00:22:13,760 Speaker 1: three percent earlier this morning, are now down about one 408 00:22:13,760 --> 00:22:16,160 Speaker 1: and a half percent. They yield on the ten year 409 00:22:16,160 --> 00:22:19,640 Speaker 1: Treasury is at one point nine one, and all these 410 00:22:19,680 --> 00:22:23,320 Speaker 1: moves a karener tied to efforts this weekend to isolate 411 00:22:23,400 --> 00:22:26,640 Speaker 1: Moscow's financial system. Let's get the latest on that live 412 00:22:26,960 --> 00:22:30,480 Speaker 1: from Bloomberg's John Tucker, John Nathan fresh sanctions seek to 413 00:22:30,520 --> 00:22:34,320 Speaker 1: prevent Runch's Central Bank from using foreign reserves to blunt penalties. 414 00:22:34,760 --> 00:22:38,399 Speaker 1: The added sanctions also exclude some Russian lenders from the 415 00:22:38,440 --> 00:22:43,000 Speaker 1: Swift messaging system that underpins trillions of dollars worth of transactions. 416 00:22:43,359 --> 00:22:45,760 Speaker 1: As a result of these moves, doubts now growing about 417 00:22:45,800 --> 00:22:49,720 Speaker 1: the Bank of Russia's ability to backstop the country's financial system. 418 00:22:49,760 --> 00:22:52,879 Speaker 1: That has the ruble essentially turning to rubble. This morning, 419 00:22:53,160 --> 00:22:56,520 Speaker 1: it now takes one ruble to buy one dollar Live 420 00:22:56,560 --> 00:22:59,680 Speaker 1: in New York on John Tucker Bloomberg Daybreak, Right, John, 421 00:22:59,680 --> 00:23:01,359 Speaker 1: thank you, and as the five things you need to 422 00:23:01,359 --> 00:23:05,560 Speaker 1: notice start your day. Brought to you by Interactive Brokers Again, 423 00:23:05,680 --> 00:23:09,560 Speaker 1: futures are lower. SNP futures down sixty three points and 424 00:23:09,600 --> 00:23:12,760 Speaker 1: DOWN futures down four D thirty five and AS day 425 00:23:12,840 --> 00:23:15,720 Speaker 1: futures down two hundred. The decks in Germany's down two 426 00:23:15,760 --> 00:23:19,199 Speaker 1: point four percent. Ten Your treasury of fourteen thirty seconds 427 00:23:19,240 --> 00:23:21,399 Speaker 1: he had one point nine one percent and they yield 428 00:23:21,440 --> 00:23:24,080 Speaker 1: on the two year one point five zero percent and 429 00:23:24,200 --> 00:23:27,160 Speaker 1: NIMEX screwed oil is up four and a half percent. 430 00:23:27,720 --> 00:23:30,960 Speaker 1: Straight to had your latest local headlines plus a check 431 00:23:31,000 --> 00:23:39,520 Speaker 1: of sports and this is Bloomberg. Thanks Karen. Six three 432 00:23:39,520 --> 00:23:41,960 Speaker 1: on Wall Street, twenty seven degrees in Central Park. A 433 00:23:42,000 --> 00:23:45,120 Speaker 1: disabled vehicle on the local lanes heading to the GW Bridge. 434 00:23:45,680 --> 00:23:48,640 Speaker 1: Details coming up in traffic. First Michael Barr with more 435 00:23:48,680 --> 00:23:50,840 Speaker 1: on what's going on in New York and around the world. Michael, 436 00:23:50,880 --> 00:23:53,080 Speaker 1: good morning, Thank you very much, Nathan. It is a 437 00:23:53,160 --> 00:23:57,119 Speaker 1: new coronavirus mandate milestone for New York. State. Governor Kathy 438 00:23:57,160 --> 00:23:59,960 Speaker 1: huckle is lifting mask requirements and all of the state's 439 00:24:00,040 --> 00:24:03,959 Speaker 1: public schools starting Wednesday, giving parents and students the option. 440 00:24:04,240 --> 00:24:08,080 Speaker 1: Individual parents have their own knowledge of their children. They 441 00:24:08,119 --> 00:24:10,560 Speaker 1: know their own children's health, they know their tolerance for 442 00:24:10,560 --> 00:24:12,800 Speaker 1: the mass, they know whether for them if they've got 443 00:24:12,800 --> 00:24:16,320 Speaker 1: an underlying health condition. She says. The move follows new 444 00:24:16,440 --> 00:24:20,879 Speaker 1: CDC guidelines. Governor Hokell also condemned any bullying or harassment 445 00:24:20,920 --> 00:24:24,800 Speaker 1: against those who chose to keep their mask on. Governor 446 00:24:24,840 --> 00:24:27,520 Speaker 1: Hokell also says New York is among states pledging to 447 00:24:27,560 --> 00:24:31,679 Speaker 1: welcome Ukrainian refugees. Either are fellow brothers and sisters, We 448 00:24:31,760 --> 00:24:34,240 Speaker 1: worship with them, we go to restaurants, then we celebrate 449 00:24:34,280 --> 00:24:37,160 Speaker 1: their cultural fest with are an important part of the 450 00:24:37,200 --> 00:24:39,840 Speaker 1: fabric of New York States, so an attack on their 451 00:24:39,920 --> 00:24:43,240 Speaker 1: country is truly an attack on all of US. Holk 452 00:24:43,280 --> 00:24:45,919 Speaker 1: Will also signed an executive order that will result in 453 00:24:45,960 --> 00:24:49,560 Speaker 1: a review of New York's business ties, purchases, and investments 454 00:24:49,560 --> 00:24:54,200 Speaker 1: possibly connected to Russian entities. North Korea follow up January's 455 00:24:54,280 --> 00:24:57,359 Speaker 1: record barrage of missile test with the firing of a 456 00:24:57,400 --> 00:25:01,480 Speaker 1: suspected midrange ballistic missile, ram ing up tensions as global 457 00:25:01,520 --> 00:25:05,480 Speaker 1: attention is focused on Ukraine. Meanwhile, Pyong Yang says it 458 00:25:05,600 --> 00:25:08,480 Speaker 1: tested cameras to be installed on the Spy satellite. A 459 00:25:08,560 --> 00:25:11,119 Speaker 1: Texas man charged with storming the US Capitol with a 460 00:25:11,119 --> 00:25:14,720 Speaker 1: holstered handgun on his waist is the first January six 461 00:25:14,800 --> 00:25:18,119 Speaker 1: dependent to go on trial. Jury selection is scheduled to 462 00:25:18,160 --> 00:25:21,919 Speaker 1: start today of the case against Guy Wesley Reef. Former 463 00:25:21,960 --> 00:25:24,840 Speaker 1: President Donald Trump, who teased over the weekend he could 464 00:25:25,080 --> 00:25:29,080 Speaker 1: run again in was the clear choice in a presidential 465 00:25:29,160 --> 00:25:33,719 Speaker 1: straw poll of attendees of the Conservative Political Action Conference. Meanwhile, 466 00:25:33,760 --> 00:25:37,040 Speaker 1: Trump's attorney general says, move on from the former president. 467 00:25:37,600 --> 00:25:40,399 Speaker 1: That's the advice for Republicans from William Barne his new 468 00:25:40,440 --> 00:25:43,639 Speaker 1: book called One Damn Thing after Another, bar writes that 469 00:25:43,760 --> 00:25:47,119 Speaker 1: the former president has shown he has neither the temperament 470 00:25:47,720 --> 00:25:51,520 Speaker 1: or persuasive powers to provide the kind of positive leadership 471 00:25:51,880 --> 00:25:55,080 Speaker 1: that is needed. The Screen Actors Guild Awards were handed 472 00:25:55,119 --> 00:25:58,640 Speaker 1: out last night. Hamilton's star Leslie Olam Jr. Kicked off 473 00:25:58,640 --> 00:26:01,840 Speaker 1: the show with this message, While tonight is a celebration, 474 00:26:02,000 --> 00:26:04,520 Speaker 1: we are all at the same time holding a place 475 00:26:04,560 --> 00:26:07,040 Speaker 1: in our hearts for the people of Ukraine and sending 476 00:26:07,040 --> 00:26:10,840 Speaker 1: our thoughts, prayers and hopes for impending peace in an upset. 477 00:26:10,880 --> 00:26:13,959 Speaker 1: The Death Family drama Coda has one top honors at 478 00:26:14,000 --> 00:26:17,119 Speaker 1: the SAgs that also saw wins for the leads of 479 00:26:17,160 --> 00:26:20,000 Speaker 1: Squid Game, the cast of Ted Lasso and Will Smith. 480 00:26:20,160 --> 00:26:22,280 Speaker 1: Global News twenty four hours a day on air and 481 00:26:22,400 --> 00:26:24,520 Speaker 1: on Bloomberg Quick Take power by more than twenty seven 482 00:26:24,600 --> 00:26:26,879 Speaker 1: hundred journalists and analysts more than a hundred twenty countries. 483 00:26:27,000 --> 00:26:29,320 Speaker 1: I'm Michael Barr, this is Bloomberg, Nathan. Thank you. Michael 484 00:26:33,920 --> 00:26:35,960 Speaker 1: six thirty six on Wall Street. Time for the Bloomberg 485 00:26:35,960 --> 00:26:38,560 Speaker 1: Sports Update. Here's John Steshown, Thanks Davan double letter at 486 00:26:38,600 --> 00:26:41,080 Speaker 1: the Garden to New York losses. Up first the Knicks, 487 00:26:41,119 --> 00:26:44,800 Speaker 1: who were over five hundred and mid January three and fifteen. 488 00:26:44,920 --> 00:26:47,879 Speaker 1: Since that's the worst of any NBA team Philadelphia one 489 00:26:47,920 --> 00:26:50,639 Speaker 1: one on nine. Knicks kept fouling Joe l m but 490 00:26:50,720 --> 00:26:54,119 Speaker 1: he took twenty seven free throws, made twenty three, scored 491 00:26:54,200 --> 00:26:56,840 Speaker 1: thirty seven. The Knicks coach Tom Thibodeau asked, why all 492 00:26:56,880 --> 00:27:00,960 Speaker 1: the foul they're generating speed in Nur's contact. There's there's 493 00:27:00,960 --> 00:27:03,760 Speaker 1: gonna be, you know, and it's you know, some some 494 00:27:03,840 --> 00:27:07,240 Speaker 1: games it's marginal contact. It's not about some other games 495 00:27:07,240 --> 00:27:11,120 Speaker 1: that it is. And so that's where you have to adjust, 496 00:27:11,240 --> 00:27:13,520 Speaker 1: and you know, you have to be in early and 497 00:27:13,680 --> 00:27:16,600 Speaker 1: get out early, and you have to pull your hands 498 00:27:16,640 --> 00:27:18,679 Speaker 1: back and you've got to stay down on shop takes 499 00:27:18,800 --> 00:27:20,639 Speaker 1: and and that sort of thing. He's are in the 500 00:27:20,680 --> 00:27:22,879 Speaker 1: second game with the six or twenty nine points and 501 00:27:22,920 --> 00:27:25,760 Speaker 1: triple double. Evan Fort r J. Barrett both four, but 502 00:27:26,040 --> 00:27:28,200 Speaker 1: Julius Randall in two games with the All Star Break 503 00:27:28,240 --> 00:27:30,800 Speaker 1: has shot six of twenty eight and now the Nekes 504 00:27:30,840 --> 00:27:32,760 Speaker 1: go on the road for a seven game trip, all 505 00:27:32,800 --> 00:27:35,840 Speaker 1: but one against teams currently in the playoffs. After the Hoops, 506 00:27:35,840 --> 00:27:38,159 Speaker 1: they put down the ice for the Rangers and Knnuch 507 00:27:38,200 --> 00:27:41,000 Speaker 1: blue Shirts filled four nothing third period goes by alexeiy 508 00:27:41,040 --> 00:27:43,200 Speaker 1: La Fronie and Ryan Strong made a Little Interest team 509 00:27:43,200 --> 00:27:46,080 Speaker 1: in Vancouver one five to two Islanders for nothing to 510 00:27:46,080 --> 00:27:48,000 Speaker 1: win an Annah Hunt fiftie out of the year for 511 00:27:48,160 --> 00:27:51,720 Speaker 1: Ilius Soroki st John's lost at the poll four and 512 00:27:51,800 --> 00:27:55,560 Speaker 1: Yukon beat Georgetown. Theahoyas are o N seventeen in the 513 00:27:55,560 --> 00:27:58,920 Speaker 1: Big East. Patrick Ewing, their greatest player ever, says he's 514 00:27:58,920 --> 00:28:02,920 Speaker 1: hopeful he gets the key his coaching job. Baseball walkout continues. 515 00:28:03,000 --> 00:28:05,800 Speaker 1: If no labor deal by today, the season will be 516 00:28:05,800 --> 00:28:07,960 Speaker 1: short and the Mets of ore twenty five year old 517 00:28:07,960 --> 00:28:11,359 Speaker 1: Elizabeth ben to be the director of Major League Operations. 518 00:28:11,400 --> 00:28:14,120 Speaker 1: She had been working in the MLB office. John's cash 519 00:28:14,200 --> 00:28:16,760 Speaker 1: that were Bloomberg Sports Maybe okay, John, thank you. At 520 00:28:16,760 --> 00:28:18,600 Speaker 1: six thirty seven on Wall Street, time to take a 521 00:28:18,640 --> 00:28:20,399 Speaker 1: look at stocks and some of the names moving in 522 00:28:20,440 --> 00:28:23,360 Speaker 1: the pre market with Bloomberg Radio and TV Markets correspondent 523 00:28:23,400 --> 00:28:26,480 Speaker 1: Creaty gooped on another morning where geo politics are front 524 00:28:26,600 --> 00:28:28,800 Speaker 1: end center, Crety, what are you seeing this morning? Yeah, 525 00:28:28,840 --> 00:28:32,119 Speaker 1: geo politics friends center. If find quickly break some deal 526 00:28:32,200 --> 00:28:35,760 Speaker 1: news though First t D the Canadian Bank Toronto's dominion 527 00:28:35,800 --> 00:28:39,360 Speaker 1: to buy First Horizon the Tiger here is a f 528 00:28:38,840 --> 00:28:42,160 Speaker 1: F f H and excuse me h for about twenty 529 00:28:42,280 --> 00:28:45,760 Speaker 1: five dollars a share. F h N shares are surging 530 00:28:45,760 --> 00:28:48,880 Speaker 1: in the pre market up thirty. Looks like off that 531 00:28:49,000 --> 00:28:51,280 Speaker 1: deal news. But Nathan, to your point, the real news 532 00:28:51,320 --> 00:28:53,360 Speaker 1: here is going to be those geopolitical tensions. Let's start 533 00:28:53,360 --> 00:28:56,440 Speaker 1: with the geopolitical hedges in particular, as we know this 534 00:28:56,520 --> 00:28:59,520 Speaker 1: Russia and Ukrainian war well is creating a big bid 535 00:28:59,560 --> 00:29:02,120 Speaker 1: in defense ends companies. Over the weekend all off shoals 536 00:29:02,120 --> 00:29:04,120 Speaker 1: the German Chancellor saying that they're going to be ramping 537 00:29:04,200 --> 00:29:07,800 Speaker 1: up their defense, committing about two percent of their GDP 538 00:29:08,200 --> 00:29:11,800 Speaker 1: to their defense budget in four spending a lot of 539 00:29:11,800 --> 00:29:13,960 Speaker 1: money on ramping that up. And so you do see 540 00:29:14,200 --> 00:29:17,920 Speaker 1: some of the major American defense export companies, Locky Martin, 541 00:29:17,960 --> 00:29:20,120 Speaker 1: for example, catching a bed l M t s your 542 00:29:20,120 --> 00:29:22,920 Speaker 1: taker up four point four percent. A similar story with 543 00:29:23,080 --> 00:29:25,680 Speaker 1: raytheon r t X is your taker they're up four 544 00:29:25,720 --> 00:29:28,040 Speaker 1: and a half percent. You're also seeing a bid into 545 00:29:28,240 --> 00:29:31,400 Speaker 1: energy stocks, American energy stocks that have a lot more 546 00:29:31,480 --> 00:29:34,080 Speaker 1: domestic exposure. Occidental is the one that comes to mind. 547 00:29:34,160 --> 00:29:37,000 Speaker 1: Nathan o x Y is your taker, up one percent. 548 00:29:37,360 --> 00:29:40,160 Speaker 1: They got to think though, that companies with exposure to 549 00:29:40,280 --> 00:29:43,160 Speaker 1: Russia are going to be hitting getting hit really hard 550 00:29:43,200 --> 00:29:45,760 Speaker 1: this morning, really hard. And a great example when you're 551 00:29:45,760 --> 00:29:47,880 Speaker 1: speaking of oil companies that not all oil companies are 552 00:29:47,880 --> 00:29:50,360 Speaker 1: created equal. BP is a great example of that. It 553 00:29:50,440 --> 00:29:53,360 Speaker 1: is looking to offload it's twenty percent state in the 554 00:29:53,400 --> 00:29:56,720 Speaker 1: state oil giant rosnashed down seven point three percent in 555 00:29:56,800 --> 00:29:58,840 Speaker 1: its a d r S trading in the pre market. 556 00:29:59,080 --> 00:30:00,200 Speaker 1: But it's not just that. You have a lot of 557 00:30:00,240 --> 00:30:02,959 Speaker 1: American companies to have exposure there as well. Coca Cola, 558 00:30:03,240 --> 00:30:07,320 Speaker 1: for example, about uh twenty one percent of their revenue 559 00:30:07,440 --> 00:30:11,160 Speaker 1: comes from or excuse me, the volume comes from Russia 560 00:30:11,160 --> 00:30:13,880 Speaker 1: and Ukraine combined. You do see that stock down one percent. 561 00:30:13,960 --> 00:30:16,560 Speaker 1: KO as a ticker. Also keep an eye on McDonald's 562 00:30:16,640 --> 00:30:18,760 Speaker 1: m c DS, your ticker. It's up seven tenths of 563 00:30:18,800 --> 00:30:21,320 Speaker 1: a percent. A little bit of light trading in that 564 00:30:21,440 --> 00:30:23,720 Speaker 1: stock right now, but it also gets nine percent of 565 00:30:23,720 --> 00:30:26,840 Speaker 1: its revenue once again from Russia and Ukraine. Uh It's 566 00:30:27,040 --> 00:30:30,120 Speaker 1: eight seventh largest presence is actually in Russia, so keep 567 00:30:30,120 --> 00:30:32,160 Speaker 1: an eye on that stock. Another story here is going 568 00:30:32,240 --> 00:30:34,719 Speaker 1: to be Philip Morris, PM is your ticker down one 569 00:30:34,760 --> 00:30:37,480 Speaker 1: point six percent. They get seven percent of the revenue 570 00:30:37,480 --> 00:30:39,640 Speaker 1: from Russia. So once again a common theme when it 571 00:30:39,640 --> 00:30:42,280 Speaker 1: comes to consumer staple stocks. All right, Bloomberg Radio and 572 00:30:42,320 --> 00:30:44,640 Speaker 1: TV Markets correspondent Crety, good thing gonna be keeping an 573 00:30:44,640 --> 00:30:46,480 Speaker 1: eye on all those stocks throughout the morning, I'm sure, 574 00:30:46,520 --> 00:30:48,920 Speaker 1: and taking a look at the market as a whole 575 00:30:49,360 --> 00:30:51,520 Speaker 1: as we get set for what could be a very 576 00:30:51,560 --> 00:30:54,440 Speaker 1: bumpy Monday morning open s ANDP futures are down down 577 00:30:54,480 --> 00:30:58,120 Speaker 1: sixty two points down, futures down four or six nastack 578 00:30:58,240 --> 00:31:00,600 Speaker 1: futures are lower by a hundred nine four points of 579 00:31:00,640 --> 00:31:03,960 Speaker 1: the tenure, treasury up fourteen thirty seconds, the yield one 580 00:31:04,000 --> 00:31:06,520 Speaker 1: point nine one yield on the two year one point 581 00:31:06,520 --> 00:31:09,720 Speaker 1: five zero percent, the ruble down more than six percent 582 00:31:10,120 --> 00:31:13,360 Speaker 1: at nine point nine to five to the dollar. You're 583 00:31:13,440 --> 00:31:24,320 Speaker 1: listening to Bloomberg Daybreak Bloomberg eleven three oh weather, sunny, breezy, 584 00:31:24,400 --> 00:31:26,400 Speaker 1: mid thirties. That's all we'll get to today. We'll be 585 00:31:26,440 --> 00:31:29,400 Speaker 1: in the mid forties by tomorrow. High your fifty possible 586 00:31:29,440 --> 00:31:32,760 Speaker 1: by Wednesday. Right now, seven degrees under a clear sky 587 00:31:32,800 --> 00:31:39,760 Speaker 1: in central part markets headlines and breaking news twenty four 588 00:31:39,800 --> 00:31:42,840 Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business 589 00:31:42,880 --> 00:31:46,080 Speaker 1: at and at Bloomberg Quick Tape. This is a Bloomberg 590 00:31:46,120 --> 00:31:55,760 Speaker 1: Business Flash and I'm Karin Moscow and futures are lower. 591 00:31:55,800 --> 00:31:58,000 Speaker 1: This morning we get to the First Word Breaking news 592 00:31:58,040 --> 00:32:02,160 Speaker 1: desk for today's morning call. Here's vil Maloney Bill. Good morning, Hey, 593 00:32:02,200 --> 00:32:05,240 Speaker 1: good morning, Karen. That's right. US hugues are plunging after 594 00:32:05,320 --> 00:32:07,920 Speaker 1: Friday's gain with Douff. You just currently down four hundred 595 00:32:08,000 --> 00:32:11,320 Speaker 1: forty one points, SBS drop sixty five, NASA FUS just 596 00:32:11,400 --> 00:32:14,720 Speaker 1: lowered by two hundred and six the US ten yeld 597 00:32:14,720 --> 00:32:18,480 Speaker 1: at one, Gold is up seventeen, Oil trading higher, and 598 00:32:18,560 --> 00:32:22,520 Speaker 1: Bitcoin gains by two percent Upan markets are also under pressure, 599 00:32:22,600 --> 00:32:25,480 Speaker 1: led by three percent losses in France and back in 600 00:32:25,520 --> 00:32:28,680 Speaker 1: the US. On the Economic Funday thirty wholesale inventories and 601 00:32:28,720 --> 00:32:32,080 Speaker 1: at nine five Chicago p m I and deal News 602 00:32:32,240 --> 00:32:34,840 Speaker 1: t D to buy First Horizon for twenty five hours 603 00:32:34,840 --> 00:32:37,440 Speaker 1: to share and wrapping things up. Foot Locker was cuting 604 00:32:37,480 --> 00:32:40,480 Speaker 1: untral over at Create, sweetz Balle's cut to hold at Jeffreys, 605 00:32:40,520 --> 00:32:44,680 Speaker 1: and Abby was cutting Neutral over at UBS. Live from 606 00:32:44,680 --> 00:32:47,560 Speaker 1: the first Breaking News Stats com Bill Maloney, Karen, all right, Bill, 607 00:32:47,600 --> 00:32:50,120 Speaker 1: thank you to hear live breaking news over your Bloomberg tipe. 608 00:32:50,120 --> 00:32:52,560 Speaker 1: Squawk on your terminal. I'll ask you you a w K. 609 00:32:52,760 --> 00:32:55,280 Speaker 1: That's a Bloomberg business flash. Now here's Michael Barrow with 610 00:32:55,360 --> 00:32:58,080 Speaker 1: more on what's going on around the world. Michael, Karen, 611 00:32:58,080 --> 00:33:00,440 Speaker 1: thank you very much. And ukraining and delegation, led by 612 00:33:00,480 --> 00:33:03,320 Speaker 1: its Defense minister arrived at the border with Belarus for 613 00:33:03,440 --> 00:33:07,480 Speaker 1: talks with Russian officials. Ukrainian President z Lensky has voiced 614 00:33:07,520 --> 00:33:11,280 Speaker 1: skepticism that it will yield results, but said he's rolling 615 00:33:11,280 --> 00:33:14,560 Speaker 1: to try. Toyota says it is suspending production at all 616 00:33:14,640 --> 00:33:18,040 Speaker 1: twenty eight lines of its fourteen plants in Japan because 617 00:33:18,160 --> 00:33:22,400 Speaker 1: of a system malfunction at a domestic supplier. Japan's top 618 00:33:22,400 --> 00:33:26,600 Speaker 1: alltomaker apologize for any inconvenient cause to customers. Toyota and 619 00:33:26,680 --> 00:33:30,400 Speaker 1: other automakers already are grappling with shortages of computer chips 620 00:33:30,400 --> 00:33:32,960 Speaker 1: and other parts. In the NBA, the Knicks and Celtics 621 00:33:32,960 --> 00:33:35,960 Speaker 1: and Warriors lost in the NHL. The Islanders won, the 622 00:33:36,040 --> 00:33:38,960 Speaker 1: Rangers lost. Global news twenty four hours a day on 623 00:33:39,080 --> 00:33:42,000 Speaker 1: air and on Bloomberg Quick Take, powered by more than 624 00:33:42,040 --> 00:33:44,360 Speaker 1: twenty seven hundred journalists and analysts more than a d 625 00:33:44,480 --> 00:33:48,320 Speaker 1: twenty countries. Michael bar this is Bloomberg, Karen, Sorry, Michael Barr, 626 00:33:48,440 --> 00:33:51,040 Speaker 1: thank you. It is coming up to sixty nine on 627 00:33:51,080 --> 00:33:53,080 Speaker 1: Wall Street, and we turned to news and science and 628 00:33:53,120 --> 00:33:55,840 Speaker 1: technology now with the Bloomberg and j I T Stemm 629 00:33:55,840 --> 00:33:59,120 Speaker 1: Report brought to you buy New Jersey Institute of Technology 630 00:33:59,200 --> 00:34:02,840 Speaker 1: and j I Team Infrastructure Ready graduates from civil engineers 631 00:34:02,840 --> 00:34:06,400 Speaker 1: to transportation specialists. If it's infrastructure, and j I T 632 00:34:06,640 --> 00:34:09,160 Speaker 1: grads are building it more at n j I T 633 00:34:09,360 --> 00:34:13,360 Speaker 1: dot e DU now here's just making news and science, technology, engineering, 634 00:34:13,400 --> 00:34:16,600 Speaker 1: and math. Coronavirus restrictions in New York will be scaled 635 00:34:16,640 --> 00:34:19,520 Speaker 1: back in the coming days. Indoor school mask mandates will 636 00:34:19,560 --> 00:34:22,520 Speaker 1: be ended, so will requirements to show proof of vaccination 637 00:34:22,560 --> 00:34:25,600 Speaker 1: in New York City restaurants, gyms, and other venues. Daily 638 00:34:25,640 --> 00:34:28,360 Speaker 1: cases are plunged from more than ninety thousand statewide in 639 00:34:28,440 --> 00:34:32,360 Speaker 1: January to less than seventeen hundred on Sunday in Hong Kong. 640 00:34:32,400 --> 00:34:34,560 Speaker 1: The government is being forced to move away from the 641 00:34:34,640 --> 00:34:37,960 Speaker 1: key pillars of its strict COVID zero policy. A sergain 642 00:34:38,000 --> 00:34:41,920 Speaker 1: new cases have overwhelmed the healthcare system. Patients with mild 643 00:34:41,920 --> 00:34:45,000 Speaker 1: cases are no longer sent to hospital or isolation facilities 644 00:34:45,040 --> 00:34:48,320 Speaker 1: because there's no space. A group of scientists has found 645 00:34:48,320 --> 00:34:51,680 Speaker 1: that a forest pest that the devil's main residents and 646 00:34:51,800 --> 00:34:55,040 Speaker 1: tourists with hairs that cause an itchy rash, appears to 647 00:34:55,040 --> 00:34:58,360 Speaker 1: be spreading due to warming temperatures. The growth and spread 648 00:34:58,400 --> 00:35:00,720 Speaker 1: of the moth is tied to increasing the warm weather, 649 00:35:00,840 --> 00:35:04,040 Speaker 1: especially in the fall. And scientists wrote recently in the 650 00:35:04,200 --> 00:35:08,840 Speaker 1: journal Environmental Entomology and unfortunately they say climate trend suggest 651 00:35:08,960 --> 00:35:12,239 Speaker 1: upcoming years could be even worse. That's a Bloomberg n 652 00:35:12,280 --> 00:35:15,520 Speaker 1: g I t STEM report. Nathan oh Boy, Thank you, Karen. 653 00:35:15,560 --> 00:35:17,799 Speaker 1: We are live from the Bloomberg Interactive Broker Studios where 654 00:35:17,840 --> 00:35:19,680 Speaker 1: it's six fifty on Wall Street. Time now to check 655 00:35:19,680 --> 00:35:22,480 Speaker 1: what's going on in DC. As Ukrainian and Russian delegations 656 00:35:22,520 --> 00:35:25,160 Speaker 1: meet and Belarus prepares to send troops into the war 657 00:35:25,200 --> 00:35:28,800 Speaker 1: in Ukraine, Russian President Vladimir Putin put his nuclear forces 658 00:35:28,800 --> 00:35:31,520 Speaker 1: on high alert over the weekend. US Ambassador to the 659 00:35:31,560 --> 00:35:34,840 Speaker 1: United Nations Linda Thomas Greenfield tell CBSS Face the Nation 660 00:35:35,280 --> 00:35:40,799 Speaker 1: She's not surprised Putin has tried every means possible uh 661 00:35:40,960 --> 00:35:45,840 Speaker 1: to uh actually put fear uh in in the world 662 00:35:45,920 --> 00:35:48,479 Speaker 1: in terms of his action, and it just means that 663 00:35:48,760 --> 00:35:51,759 Speaker 1: we have to ramp up our efforts here at the 664 00:35:51,840 --> 00:35:55,439 Speaker 1: United Nations and elsewhere to hold him accountable. And those 665 00:35:55,440 --> 00:35:58,280 Speaker 1: efforts are ramping up with Russia's central bank now under 666 00:35:58,280 --> 00:36:01,560 Speaker 1: sanctions and many private banks off the swift financial network. 667 00:36:01,719 --> 00:36:05,120 Speaker 1: Republican Congresswoman Liz Cheney tells Face the Nation the next 668 00:36:05,160 --> 00:36:08,160 Speaker 1: target should be Russia's oil and gas. The United States 669 00:36:08,239 --> 00:36:12,080 Speaker 1: ought to be looking at ourselves, frankly, as an arsenal 670 00:36:12,160 --> 00:36:14,160 Speaker 1: of energy for the world in a way that in 671 00:36:14,200 --> 00:36:16,520 Speaker 1: World War Two we were an arsenal of democracy. We 672 00:36:16,520 --> 00:36:18,640 Speaker 1: ought to be an arsenal of energy. So we ought 673 00:36:18,640 --> 00:36:22,279 Speaker 1: to be unleashing our own uh energy resources, our own 674 00:36:22,360 --> 00:36:25,320 Speaker 1: energy production. We got to stop the imports of Russian 675 00:36:25,320 --> 00:36:28,400 Speaker 1: oils United States. All this as President Biden prepares for 676 00:36:28,440 --> 00:36:31,160 Speaker 1: his first State of the Union address tomorrow night. White 677 00:36:31,160 --> 00:36:35,200 Speaker 1: House Press Secretary Jenski tells ABC's this week, leaders lead 678 00:36:35,280 --> 00:36:38,520 Speaker 1: during crisis. That's exactly what President Biden is doing. He'll 679 00:36:38,600 --> 00:36:40,759 Speaker 1: speak to that, but he's also going to speak about 680 00:36:40,800 --> 00:36:43,200 Speaker 1: his optimism about what's ahead and what we all have 681 00:36:43,360 --> 00:36:45,840 Speaker 1: to look forward to this week and face the nation. 682 00:36:45,920 --> 00:36:48,480 Speaker 1: Can be heard every Sunday on Bloomberg Radio. For more, 683 00:36:48,600 --> 00:36:51,560 Speaker 1: We're joined by Bloomberg Government reporter Emily Wilkins as we 684 00:36:51,600 --> 00:36:56,680 Speaker 1: continue to watch developments between the Ukrainian and Russian delegations 685 00:36:56,680 --> 00:37:00,319 Speaker 1: along the Belarusian border. Emily, what is happening in wash Ington? 686 00:37:00,440 --> 00:37:03,880 Speaker 1: What more diplomacy is happening there? So I think obviously 687 00:37:03,920 --> 00:37:08,040 Speaker 1: Washington is watching the developments very closely away whether additional 688 00:37:08,080 --> 00:37:11,560 Speaker 1: stactions might be needed in addition to those added this weekend, 689 00:37:11,719 --> 00:37:15,120 Speaker 1: notably those on Swift, which initially Biden had said was 690 00:37:15,160 --> 00:37:17,439 Speaker 1: going to be off the table UH and then kind 691 00:37:17,440 --> 00:37:20,080 Speaker 1: of said, you know, hey, we are now We're waiting 692 00:37:20,080 --> 00:37:22,799 Speaker 1: for our European allies UH to come to agree with 693 00:37:22,880 --> 00:37:25,000 Speaker 1: us on this. And I think the Swift going into 694 00:37:25,040 --> 00:37:30,719 Speaker 1: place really shows just how much this conflict has escalated. UM. 695 00:37:30,800 --> 00:37:33,440 Speaker 1: Congress is getting back this week, which means we could 696 00:37:33,480 --> 00:37:38,719 Speaker 1: see lawmakers resumed discussions on another package of sanctions. But 697 00:37:38,760 --> 00:37:42,120 Speaker 1: I think at this point where more UH interest is 698 00:37:42,280 --> 00:37:45,960 Speaker 1: in is in what needs to be given to Ukraine 699 00:37:46,000 --> 00:37:50,200 Speaker 1: in terms of defense. In terms of humanitarian aid, we 700 00:37:50,400 --> 00:37:54,360 Speaker 1: saw over the weekend that Congress the US did announced 701 00:37:54,400 --> 00:37:57,880 Speaker 1: fifty four million dollars in humanitarian aid to Ukraine. But 702 00:37:58,000 --> 00:38:00,480 Speaker 1: we know that in the past week long makers have 703 00:38:00,560 --> 00:38:03,800 Speaker 1: floated numbers as big as ten billion dollars in a 704 00:38:04,040 --> 00:38:07,200 Speaker 1: between humanitarian and defense. So I think that's going to 705 00:38:07,239 --> 00:38:09,759 Speaker 1: be something to watch this week. In addition of course 706 00:38:09,800 --> 00:38:12,799 Speaker 1: Biden State of the Union address. Um, you know, there 707 00:38:12,840 --> 00:38:14,840 Speaker 1: are a number of things that the President wants to 708 00:38:14,920 --> 00:38:18,799 Speaker 1: cover in terms of going forward with different social and 709 00:38:18,840 --> 00:38:22,640 Speaker 1: economic plans, the few future and fate of his Build 710 00:38:22,680 --> 00:38:26,760 Speaker 1: Back Better package. But really right now that this Russia 711 00:38:26,920 --> 00:38:31,240 Speaker 1: invasion has really sort of consumed everything UH in terms 712 00:38:31,280 --> 00:38:35,520 Speaker 1: of immediate priorities for Congress and for the White House, 713 00:38:35,719 --> 00:38:37,879 Speaker 1: now you have to think that there's been some kind 714 00:38:37,960 --> 00:38:40,400 Speaker 1: of reframing of the direction of the State of the 715 00:38:40,480 --> 00:38:44,680 Speaker 1: Union address given all these global geopolitical events. At the 716 00:38:44,719 --> 00:38:48,799 Speaker 1: same time, as you know, the President's approval ratings are 717 00:38:49,200 --> 00:38:51,760 Speaker 1: seeming to go lower and lower. Is there a feeling 718 00:38:51,840 --> 00:38:54,160 Speaker 1: at the White House that the State of the Union 719 00:38:54,239 --> 00:38:56,680 Speaker 1: is still away for the president to sort of turn 720 00:38:56,840 --> 00:39:00,320 Speaker 1: his political fortunes around, even as all these out side 721 00:39:00,320 --> 00:39:08,279 Speaker 1: events continue to reshape and redirect his presidency. I mean absolutely, 722 00:39:08,280 --> 00:39:11,080 Speaker 1: I think the White House does realize that, even though 723 00:39:11,360 --> 00:39:13,440 Speaker 1: there's so much else going on, that the State of 724 00:39:13,480 --> 00:39:16,760 Speaker 1: the Union is still a major speech, a major moment. 725 00:39:16,840 --> 00:39:19,200 Speaker 1: It gets lots of coverage. Bloomberg of course will be 726 00:39:19,239 --> 00:39:22,680 Speaker 1: covering it um but it is still an opportunity for 727 00:39:22,800 --> 00:39:24,840 Speaker 1: a Biden to kind of shift the message. And we 728 00:39:24,920 --> 00:39:27,760 Speaker 1: have seen some message changes coming from the White House 729 00:39:28,080 --> 00:39:31,880 Speaker 1: as far as really pivoting from trying to sell lawmakers 730 00:39:31,920 --> 00:39:35,400 Speaker 1: on additional funding plans to sort of talking a bit 731 00:39:35,440 --> 00:39:38,279 Speaker 1: about what the White House has done, what they have accomplished. 732 00:39:38,480 --> 00:39:41,319 Speaker 1: This is something I've heard even from Democratic lawmakers who 733 00:39:41,360 --> 00:39:44,240 Speaker 1: say that Democrats don't always do a great job messaging 734 00:39:44,280 --> 00:39:46,719 Speaker 1: what they have done. There is a sense out there 735 00:39:46,760 --> 00:39:49,800 Speaker 1: that Democrats haven't accomplished a lot, even though they passed 736 00:39:50,040 --> 00:39:53,799 Speaker 1: COVID relief, even though they passed an infrastructure bill. Uh. 737 00:39:53,840 --> 00:39:56,719 Speaker 1: And I think there's a sense among the Biden administration 738 00:39:56,760 --> 00:39:59,919 Speaker 1: as well as Democrats that the next several months leaving 739 00:40:00,040 --> 00:40:02,760 Speaker 1: up to the mid terms need to be spent reminding 740 00:40:02,800 --> 00:40:06,160 Speaker 1: Americans what the administration has done in its first year. 741 00:40:06,520 --> 00:40:08,600 Speaker 1: Tell me about thirty seconds left here, Emily, what are 742 00:40:08,640 --> 00:40:10,520 Speaker 1: you gonna be watching for from the White House today? 743 00:40:10,520 --> 00:40:12,880 Speaker 1: As President Biden gets ready to hold more meetings with 744 00:40:12,960 --> 00:40:16,399 Speaker 1: his counterparts. I think the we're looking for any sort 745 00:40:16,440 --> 00:40:19,040 Speaker 1: of request from the White House to Congress as far 746 00:40:19,080 --> 00:40:21,600 Speaker 1: as what they want. A lot of the times you'll 747 00:40:21,600 --> 00:40:24,399 Speaker 1: see these requests for funding originate with the White House 748 00:40:24,440 --> 00:40:27,160 Speaker 1: and with Biden, and then you'll see lawmakers and Congress 749 00:40:27,160 --> 00:40:29,200 Speaker 1: be able to quickly respond to those. So I think 750 00:40:29,239 --> 00:40:31,000 Speaker 1: that's the number one thing to keep an eye out 751 00:40:31,000 --> 00:40:33,359 Speaker 1: for today. All right, So we're watching to see if 752 00:40:33,400 --> 00:40:37,280 Speaker 1: any more movement for Ukraine, any more support for Ukraine 753 00:40:37,320 --> 00:40:40,160 Speaker 1: is still on the table. Bloomberg Government reporter Emily Wilkins 754 00:40:40,239 --> 00:40:43,160 Speaker 1: with us from Washington, d C. You can read much 755 00:40:43,200 --> 00:40:46,279 Speaker 1: more on what's happening in the war in Ukraine on 756 00:40:46,440 --> 00:40:49,200 Speaker 1: Bloomberg dot com or on the Bloomberg terminal. Listen to 757 00:40:49,200 --> 00:40:53,719 Speaker 1: Bloomberg Radio in Washington Bloomberg and one oh five point 758 00:40:53,760 --> 00:40:57,759 Speaker 1: seven FM HD two. Karen, alright, thanks Nathan, It is 759 00:40:57,800 --> 00:41:00,960 Speaker 1: six fifty six on Wall Street. This is Bloomberg daybreak 760 00:41:01,000 --> 00:41:03,560 Speaker 1: in February is Black History Month, and every day this 761 00:41:03,800 --> 00:41:07,600 Speaker 1: month we are celebrating significant moments in US black history. 762 00:41:07,680 --> 00:41:10,440 Speaker 1: Now if your installment for February twenty eight, here as 763 00:41:10,440 --> 00:41:13,280 Speaker 1: Sploomberg Trinty too Young on this day in Black History. 764 00:41:13,320 --> 00:41:17,399 Speaker 1: In nineteen eighty four, Michael Jackson wins an unprecedented eight 765 00:41:17,520 --> 00:41:20,680 Speaker 1: Grammy Awards, including Album of the Year for Thriller and 766 00:41:20,840 --> 00:41:25,319 Speaker 1: Record of the Year for beat It. To date, that's 767 00:41:25,360 --> 00:41:28,200 Speaker 1: the most number of Grammys one in a single night, 768 00:41:28,640 --> 00:41:32,319 Speaker 1: several other hits and awards. Later in seven, Jackson was 769 00:41:32,360 --> 00:41:34,120 Speaker 1: included in the Rock and Roll Hall of Fame for 770 00:41:34,160 --> 00:41:36,120 Speaker 1: the first time as part of the Jackson Five with 771 00:41:36,160 --> 00:41:39,239 Speaker 1: his brothers, and later inducted as a solo artist in 772 00:41:39,280 --> 00:41:42,160 Speaker 1: two thousand one. In two thousand and six, the King 773 00:41:42,160 --> 00:41:44,560 Speaker 1: of Pop was named by Guinness World Records as the 774 00:41:44,640 --> 00:41:48,520 Speaker 1: most successful entertainer of all time. Three years later, in 775 00:41:48,560 --> 00:41:51,760 Speaker 1: the week following his death, Jackson became the first artist 776 00:41:51,800 --> 00:41:54,359 Speaker 1: to sell more than one million digital tracks in one 777 00:41:54,400 --> 00:41:57,560 Speaker 1: week two point six million tracks to be exact, and 778 00:41:57,640 --> 00:42:01,480 Speaker 1: in fourteen, yet another posthumous record, Jackson became the first 779 00:42:01,640 --> 00:42:04,239 Speaker 1: artist in history to score a top ten hit on 780 00:42:04,320 --> 00:42:08,560 Speaker 1: the Billboard Hot one hundred in five different decades. That's 781 00:42:08,560 --> 00:42:12,680 Speaker 1: to dame black history. I'm Nita Young, Bloomberg Radio. All right, 782 00:42:12,840 --> 00:42:15,640 Speaker 1: Ni to thank you. Another deal to tell you about 783 00:42:15,640 --> 00:42:20,440 Speaker 1: Healthcare Realty and Healthcare Trust of America agreeing to combine 784 00:42:20,480 --> 00:42:23,120 Speaker 1: in a stock in cash dividend deal worth seventeen point 785 00:42:23,200 --> 00:42:26,640 Speaker 1: six billion dollars. In earlier, t D said it's going 786 00:42:26,680 --> 00:42:28,920 Speaker 1: to buy first to Rizon for twenty five dollars to 787 00:42:29,000 --> 00:42:32,520 Speaker 1: share again. Futures are lower this morning, falling even es 788 00:42:32,560 --> 00:42:34,879 Speaker 1: and P futures down sixty points, but they are off 789 00:42:34,920 --> 00:42:38,000 Speaker 1: their lows in the morning. Now futures down four hundred eleven. 790 00:42:38,040 --> 00:42:42,000 Speaker 1: Nasday futures down one hundred eighty and Bloomberg surveillance is 791 00:42:42,120 --> 00:42:45,520 Speaker 1: straight ahead for Nathan Hagar on kmerin Moscow, And this 792 00:42:45,920 --> 00:42:46,560 Speaker 1: is Bloomberg