Speaker 1: Life from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: day Break for Wednesday, March two, two. Coming up this hour,
Speaker 1: President Biden targets Russia and inflation in his first State
Speaker 1: of the Union address. This is our Morley to read
Speaker 1: an overcomment challenge in Mark Fox and we will. Russia
Speaker 1: moves further into Ukraine, claiming capture of a quartz city,
Speaker 1: and the war sends oil surging above one dollars of aral.
Speaker 1: New Jersey residents may soon have to pump their own gas. Plus.
Speaker 1: New York's Republican Party leaders nominated Representative leez Elda as
Speaker 1: their candidate for governor. I'm Michael barm more than I'm
Speaker 1: John Stashower. In sports, the baseball lockout continues. The first
Speaker 1: two series of the season were canceled road losses for
Speaker 1: the Nets, Islanders and Devils. That's All straight Ahead on
Speaker 1: Bloomberg day Break on Bloomberg eleven, Trio, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius x M one nineteen and around the
Speaker 1: World Old on Bloomberg Radio dot Com. And via the
Speaker 1: Bloomberg Business set. Good morning, I'm Nathan Hagar and I'm Karen. Moscow.
Speaker 1: US futures higher this morning. We're coming up to six
Speaker 1: oh one on Wall Street, and we check the markets
Speaker 1: every fifteen minutes throughout the trading day. On Bloomberg S
Speaker 1: and P Future is up twenty four points now, futures
Speaker 1: have one eighty two. NASAIC futures up ninety two. Attend
Speaker 1: your treasury down five thirty seconds. He had one point
Speaker 1: seven four percent, and they yield them the two year
Speaker 1: one point three nine percent. Nine Next, Screwed oil is
Speaker 1: up four percent. Nathan Karen will have more on markets
Speaker 1: in a minute, but first, the fighting is intensifying in
Speaker 1: Eastern Europe. According to inter Facts, Russia's defense ministry says
Speaker 1: it has captured the Ukrainian port of Croissan. Moscow is
Speaker 1: pressing ahead with attacks. Meantime, the US is taking more
Speaker 1: action to isolate Russia and also prevents cyber attacks. Amy
Speaker 1: Morris reports from our Bloomberg newsroom in Washington. The US
Speaker 1: government has banned Russian aircraft from American airspace as the
Speaker 1: U S and EU looked to expand sanctions on Russia.
Speaker 1: Former US Ambassador to Ukraine, William Taylor, tells ABC those
Speaker 1: sanctions should extend to Belarus. They are co conspirators. They
Speaker 1: are together with put This as the Senate fast track
Speaker 1: the package of cybersecurity proposals. The House is working on
Speaker 1: a companion bill. US businesses are on high alert for
Speaker 1: Russian cyber attacks in Washington. I maybe Morris Bloomberg daybreak,
Speaker 1: All right, Amy, thank you for coming off President Biden's
Speaker 1: first State of the Union address last night, and in
Speaker 1: a speech, the President promised to take on Vladimir Putin
Speaker 1: and keeps supporting Ukraine. He thought the West to NATO
Speaker 1: wouldn't respond. He thought he could divide us at home,
Speaker 1: in this chamber, in this nation. He thought he could
Speaker 1: divide us in Europe as well. But Putin was wrong.
Speaker 1: In remarks that lasted a little more than an hour,
Speaker 1: the President also called on Congress to unite on challenges
Speaker 1: here at home, including higher prices. One way to fight
Speaker 1: Inflasi is a drive down wages and make America's poor.
Speaker 1: I think I have a better idea to fight in
Speaker 1: lower costs notes. The President outed his bipartisan infrastructure law
Speaker 1: and called for new action on domestic manufacturing and supply chains,
Speaker 1: lowering health and family costs and boosting competition. He also
Speaker 1: promised to keep fighting COVID even as more Americans return
Speaker 1: to work and school. Well reaction continues to pour into
Speaker 1: the President's State of the Union. Karen Genie she and
Speaker 1: Zano is a political science professor and a Bloomberg News contributor.
Speaker 1: I think he missed an important moment. This is the
Speaker 1: last big speech Joe Biden will get, the last major
Speaker 1: audience he has before the midterm election, and I'm not
Speaker 1: sure he changed on the domestic front any hearts or minds,
Speaker 1: and I think he could have done a better job
Speaker 1: saying we need to restore democracy, not just abroad, but
Speaker 1: at home. Bloomberg contributor Genie Schanzano says the number one
Speaker 1: issue for voters right now is inflation, and Republicans seized
Speaker 1: on that topic. After the President wrapped up his speech,
Speaker 1: Nathan Iowa Governor Kim Reynolds deliver the GOP response to
Speaker 1: the State of the Union. Where now one year into
Speaker 1: his presidency and instead of moving America forward, it feels
Speaker 1: like President Biden and his party have sent us back
Speaker 1: in time to the late seventies and early eighties. Hioma
Speaker 1: Governor Kim Reynolds used her fourteen minute address to say
Speaker 1: the country's on the wrong track. She focused on issues
Speaker 1: ranging from inflation and crime to taxes and education. Let's
Speaker 1: turn to markets now. We are seeing major moves in
Speaker 1: commodities as the war in Ukraine intensifies. Let's get the
Speaker 1: latest line from Bloomberg's John Tucker, John Nathan, oil is
Speaker 1: surging this morning. Brent crude was hovering around one ten
Speaker 1: dollars of barrel. The International Energy Agency warns that global
Speaker 1: energy security is under threat because of Russia's war in Ukraine.
Speaker 1: In addition, the energy medals and grains prices are higher.
Speaker 1: Russian commodities are not targeted by sanctions, but banks are
Speaker 1: pulling financing and shippers are reluctant to touch anything from Russia.
Speaker 1: Live in New York on John Tucker Bloomberg Daybreak. All right, John,
Speaker 1: thank you. Well. More of the world's iconic brands are
Speaker 1: pulling away from Russia. We get more on the growing
Speaker 1: list of i from Bloomberg's Randy to Young, Good Morning, Rania,
Speaker 1: Good Morning Karen. Apple and Nike both say they're halting
Speaker 1: product sales in Russia, cutting off the country from the
Speaker 1: most valuable tech company and the biggest maker of athletic wear,
Speaker 1: while Disney and Warner Media are pausing new movie releases
Speaker 1: in the nation. It's a cultural and commercial split not
Speaker 1: seen since the Cold War ended in the eighties. US
Speaker 1: brands are quickly vanishing from the Russian marketplace in a
Speaker 1: way that will be hard for consumers to ignore. Live
Speaker 1: in New York. I'm Ranita Young, Bloomberg Daybreak. Alright, Ranita, thanks,
Speaker 1: So how will the war in Ukraine effect? The Fed
Speaker 1: will be looking for answers on that, plus the outlook
Speaker 1: for inflation when Fed Chair j Powell begins two days
Speaker 1: of testimony to Congress. Bloomberg Economics correspondent Michael McKee reports
Speaker 1: inflation in February out next week is forecast to be
Speaker 1: the highest since the start of two So there's pressure
Speaker 1: on the Fed to do something. But what policy makers
Speaker 1: don't know is how much higher prices from Russia's war
Speaker 1: will crimp growth. Those are questions Chairman Paul will face
Speaker 1: the next two days, and it's not just a growth worry.
Speaker 1: Powell also has to worry about higher inflation expectations becoming
Speaker 1: embedded in consumer and business psychology. Michael McKee, Bloomberg Debris.
Speaker 1: All right, Michael, thank you. The US dollar also in
Speaker 1: focus today. It's been strengthening since the war in Ukraine began,
Speaker 1: and the shift could mark a critical inflection point for
Speaker 1: the greenback, as according to Sultan Posar, ahead of interest
Speaker 1: rate Strategy at Credit Swiss, now that Russia has lost
Speaker 1: access to currency reserves, he says, other countries may start
Speaker 1: questioning the value of their own reserves and that could
Speaker 1: ripple across currency markets. The FX reserves are partly used
Speaker 1: by the central bank to be able to provide dollars
Speaker 1: to domestic financial system, and if all these balances are frozen,
Speaker 1: you know, one channel of dollars to help the local
Speaker 1: banking system drives up. So I think it's quite a
Speaker 1: complicated situation. So then Posar with Credit Swiss made the
Speaker 1: comments on the Bloomberg Odd Lots podcast. Read more about
Speaker 1: it on Today's Big Take by Bloomberg, on the Terminal
Speaker 1: and online at Bloomberg dot Com and Bloomberg Daybreak is
Speaker 1: brought to you by Interactive Brokers. Global Analysts helps you
Speaker 1: find new global investment opportunities to diversify your portfolio and
Speaker 1: discover undervalued companies that may have greater growth potential. Try
Speaker 1: i b k R Global Analysts today at I b
Speaker 1: k R dot com slash g A. You're listening to
Speaker 1: Bloomberg Daybreak and it's sounds six oh seven on Wall
Speaker 1: Street forty two degrees in Central Park. Still dealing with
Speaker 1: a crash on the westbound l I E. It's at
Speaker 1: Maurice Avenue. Details coming up in traffic First, Michael Barr
Speaker 1: is here to tell us what's going on in New
Speaker 1: York and around the world. We're getting pumped about one
Speaker 1: story you've got, Michael. Oh my goodness. New Jersey drivers
Speaker 1: could soon be forced to pump their own gas. New
Speaker 1: Jersey is the only state in the nation with a
Speaker 1: section of Oregon where drivers are not allowed to pump
Speaker 1: their own gas by law, But a bill in the
Speaker 1: state legislature could allow self service as an option for
Speaker 1: smaller stations while maintaining fulls service for stations with four
Speaker 1: or more pumps. Station owners say changing it would help
Speaker 1: offset rising gas prices and workers shortages. New York City's
Speaker 1: pension fund for police officers voted to sell stocks and
Speaker 1: bonds issued by Russian companies. The fifty three point six
Speaker 1: billion dollar fund has more than eighty five thousand active
Speaker 1: members and retirees. Hong Kong is set to report a
Speaker 1: record of over fifty thousand daily new COVID infections today.
Speaker 1: The city spiraling outbreak is seeing thousands of residents flee,
Speaker 1: while those remaining empty store shelves of food and medicine.
Speaker 1: US representatively Zelden and l I of former President Trump
Speaker 1: except at the New York State Republican Party's nomination as
Speaker 1: their candidate for governor. For the gubernatorial race, Beto O'Rourke
Speaker 1: is projected to be the Democratic winner for the Texas
Speaker 1: scubernatorial primary. He held a victory rally and ford Worth
Speaker 1: last night. This group of people and then some are
Speaker 1: gonna make me the first Democrats to be governed know
Speaker 1: the state of Texas. O'Rourke will go up against incumbent
Speaker 1: Governor Greg Abbott, who won the GOP primary. Republicans sent
Speaker 1: a message they want at keep Texas the land of
Speaker 1: opportunity and prosperity for absolutely everybody. Governor Rabbit spoke to
Speaker 1: his supporters at a Corpus Christie Victory Valley Telsa, Oklahoma,
Speaker 1: is searching for more remains of victims killed in the
Speaker 1: city's race massacre. University of Florida forensic anthropologist Dr Phoebe
Speaker 1: Stubblefield said one grave hell the remains of a homicide victim.
Speaker 1: Burial had multiple ben shot wounds that contributed to his death.
Speaker 1: He had a minimum of three gunshot wounds. He was
Speaker 1: a young man in his twenties. The city says will
Speaker 1: not file criminal charges. The Moon is about to get
Speaker 1: slammed by a big piece of space junk and leave
Speaker 1: a crater the size of several semi tractor trailers. The
Speaker 1: leftover rocket was slammed into the far side of the moon. Friday,
Speaker 1: Global News twenty four hours a day on airand on
Speaker 1: Bloomberg Quick Take, powered by more journalists analysts more than
Speaker 1: twenty countries. On Michael bar this is Bloomberg, natherm Thank you, Michael.
Speaker 1: Almost six ten on Wall Straight time for the Bloomberg
Speaker 1: Sports Update with John stash Our. All right, Nathan. For
Speaker 1: the first time since the strike that canceled the nine
Speaker 1: four World Series and went into the following season, baseball
Speaker 1: games will be lost to the work stuff and is
Speaker 1: the lockout continues in the first two series of the season,
Speaker 1: canceled two sides at a marathon bargaining session one day
Speaker 1: that led to an extent to the deadline and some optimism,
Speaker 1: But things apparently did not go well yesterday at the
Speaker 1: commissioner is rob Man. We worked hard to avoid an
Speaker 1: outcome that's bad for our fans, bad for our players,
Speaker 1: and bad for our clothes. I want to share our
Speaker 1: fans that our failure to region agreement was not due
Speaker 1: to a lack of effort by either part. The players
Speaker 1: game here for nine days. They worked hard, they tried
Speaker 1: to make a deal, and I appreciate The Yankees were
Speaker 1: to start the season with seven road games Texas and Houston.
Speaker 1: The Mets first two series where at home versus Washington
Speaker 1: and Atlanta. The games will not be made up. A
Speaker 1: lot closer for the Nets against the Raptors Toronto won
Speaker 1: by thirty six in Brooklyn, same two last night in Toronto.
Speaker 1: The Raptors won one oh nine one oh eight. They
Speaker 1: had a ten up and run on the fourth quarter.
Speaker 1: Nets have now lost fifteen of their last eighteen. Just
Speaker 1: as the Knicks had Nicks playing Philadelphia tonight, Nets play
Speaker 1: Miami tomorrow. Kevin Durant is expected to play has been
Speaker 1: out since mid January. Islanders in Colorado they had with
Speaker 1: their NHL leading win. They scored three in the third
Speaker 1: and one five three. Devils lost in Columbus four three.
Speaker 1: The w n b A find the New York Liberty
Speaker 1: half a million dollars. Their crime was flying their players
Speaker 1: on chartered flights instead of flying commercial as league rules dictate.
Speaker 1: John Stashware, Bloomberg Sports, Nathan, thank you, john S and
Speaker 1: p Futures up twenty four points, Dona down Future is
Speaker 1: up a hundred eighty three. Nastack Future is higher by
Speaker 1: ninety seven points. The ten your treasury down seven thirty
Speaker 1: into the yield one point seven five. You're listening to
Speaker 1: Bloomberg Day Rank almost six twelve on Wall Street. Bloomberg
Speaker 1: Daybreak is brought to you by Audie. Don't let someone
Speaker 1: else drive off in the Audi model you've always wanted.
Speaker 1: Visit a tri state autie dealer to get behind the
Speaker 1: wheel of yours. Today, markets headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, of Bloomberg
Speaker 1: Business Out and at Bloomberg Quick Tape. This is a
Speaker 1: Bloomberg Business Flash, and I'm Karen Moscow. This updates brought
Speaker 1: to you by se I Imagine your asset management firms.
Speaker 1: Operational infrastructure is a competitive advantage that SEI show you
Speaker 1: how at se I C dot com slash I M
Speaker 1: s u S dot Index. Future is on the rise
Speaker 1: this morning and European stocks erased their losses after the
Speaker 1: Kremlin said Russia is ready to resume talks with Ukraine tonight.
Speaker 1: We check the markets every fifteen minutes throughout the trading day.
Speaker 1: On bloomberg S and P Future is up twenty three
Speaker 1: points down. Future is up one hundred seventy one Nastack
Speaker 1: futures of ninety five. The decks in Germany is little
Speaker 1: change now. The Tenuere treasury down seven thirty seconds. You
Speaker 1: had one point seven five percent. They yield on the
Speaker 1: two year one point four zero percent. NIMEX Screwed oil
Speaker 1: is at four point eight percent, up four dollars ninety
Speaker 1: seven cents at a hundred eight dollars thirty six cents
Speaker 1: of barrel. Brent is up five percent at a hundred
Speaker 1: ten dollars fifteen cents. Call my school, there's down seven
Speaker 1: ten percent or thirteen dollars fifty cents at nineteen thirty
Speaker 1: thirty announced the euro one point one zero nine zero
Speaker 1: against the dollar, British pound one point three three oh eight,
Speaker 1: and the n has at one fifteen point to six
Speaker 1: and Bitcoin this morning is higher. It's at forty four thousand,
Speaker 1: one hundred ninety dollars. That's a Bloomberg Business flashdown. Here's
Speaker 1: Michael Barrow with more on what's going on around the world.
Speaker 1: Munchael Karen, thank you very much. President Joe Biden gave
Speaker 1: his first State of the Union address from the Capitol
Speaker 1: last night. The President opening with a message of globe
Speaker 1: old unity against Russia President Vladimir Putin. Putin is now
Speaker 1: isolated from the world more than he has ever been
Speaker 1: I was. Republican Governor Kim Reynolds offered up the GOP
Speaker 1: response the President Biden's address. Reynolds portrayed the GOP as
Speaker 1: the Party of Freedom and Choice. Because you know, you've
Speaker 1: shown that the soul of America isn't about who lives
Speaker 1: in the White House. Reynolds asked people to think about
Speaker 1: the last year of democratic policies coming from the White House.
Speaker 1: The scheduled opening day from Major League Baseball has been canceled.
Speaker 1: No deal was reached between the players and teams yesterday
Speaker 1: to in the lockout. In the NBA, the Nets and
Speaker 1: Warriors lost, the Celtics and Wizards won. In the NHL,
Speaker 1: the Devil's Islanders and Bruins lost. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than journalists, analysts, more than a hundred twenty
Speaker 1: countries and Michael Bard. This is Bloomberg, Nathan, Thank you, Michael.
Speaker 1: We are coming up to six twenty on Wall Street
Speaker 1: Live from the Bloomberg Interract and Brokers Studios. This is
Speaker 1: Bloomberg Daybreak and with the war in Ukraine now into
Speaker 1: a seventh day, were joined live by Bloomberg News Executive
Speaker 1: editor for International Government, Rosalind Matheson. Good morning, get us
Speaker 1: up to speed on the latest development on the ground. Again,
Speaker 1: apparently Russia's reporting it's taken a key port city in Ukraine.
Speaker 1: That's right, that's the city of Kesson in the south,
Speaker 1: which is one of the biggest cities in Ukraine and
Speaker 1: obviously on the port which makes it an important conduit
Speaker 1: for trading commodities in the region. Russians, Russia's Defense Ministry
Speaker 1: is saying that its forces have taken that city. There's
Speaker 1: not been a confirmation from Ukraine, although they did acknowledge
Speaker 1: that there were Russian troops moving into the city overnight.
Speaker 1: There are also reports of heavy fighting in Ukraine's second
Speaker 1: biggest city of Kiev, that paratroopers from Russia moved in
Speaker 1: there overnight, alongside heavy shelling. Of course, the big one,
Speaker 1: the big question here is at what point troops moved
Speaker 1: properly into the capital Kiev, with that very long convoy
Speaker 1: that's been inching its way along difficult road conditions towards
Speaker 1: the capital and meeting first resistance along the way from
Speaker 1: Ukrainian fighters. Of course, there was bombing of the city
Speaker 1: through the day yesterday and again overnight, just showing how
Speaker 1: much Russia is ramping up. It's an aerial bombardment campaign
Speaker 1: to try and accelerate progress here inside Ukraine. And even
Speaker 1: as we are seeing these signs of heavy resistance from
Speaker 1: Ukrainian forces, we're also hearing calls from Ukraine for allies
Speaker 1: to do more, calls for even an fly zone. I mean,
Speaker 1: that's a pretty big ask for the allies of the
Speaker 1: US and Europe, isn't it. That's right. In fact, we
Speaker 1: just published a story on there's a very short a
Speaker 1: few minutes ago show why a NATO no fly zone
Speaker 1: it's very difficult to get off the ground. Of course,
Speaker 1: doing so would require NATO planes to be policing the
Speaker 1: airspace and to be trying to stop Russian aircraft from entering.
Speaker 1: So at that point you're putting NATO aircraft in direct
Speaker 1: conflict with Russian aircraft, and that just risks. Of course,
Speaker 1: there's conflict spiraling from what it is already, which is
Speaker 1: a terrible war inside Ukraine, to being a full on
Speaker 1: conflict between NATO and Russia, and that then that scenario,
Speaker 1: then you're bringing the entirety of Europe into a potential war.
Speaker 1: Because no fire zones have been used very sparingly over
Speaker 1: the years. They were used over Bosnia, they were used
Speaker 1: over Iraq, I believe over Libya as well, but setting
Speaker 1: one up over Ukraine in this moment would be very
Speaker 1: fought for NATO, and so that's been a very fair
Speaker 1: no so far from the military Alliance. So it seems
Speaker 1: as though the response from the Alliance has been to
Speaker 1: provide more military support for Ukraine in terms of equipment
Speaker 1: and sanctions. Pressure on Russia we've seen a growing number
Speaker 1: of companies cutting ties to the Russian economy as well.
Speaker 1: Are we getting a sense at this point that that's
Speaker 1: actually having any effect on Russia's strategy, Not that we
Speaker 1: can discern on the ground. Given the acceleration and if anything,
Speaker 1: of the campaign, it seems that the Russian president is
Speaker 1: determined the way to push on with his goals for
Speaker 1: that country, which seemed to be to achieve total regime change.
Speaker 1: The way he's laying siege. Of course, to hear then,
Speaker 1: particularly to the government of the President Zlynsky, shows that
Speaker 1: so there's no sign that this is deterring him. Of Course,
Speaker 1: some of these sanctions, it's worth noting, especially in the
Speaker 1: swift financial sector, do not kick in at least for
Speaker 1: another ten days, so by the time they kick in,
Speaker 1: it's very difficult to know what the situation on the
Speaker 1: ground might look like by then. But certainly right now
Speaker 1: there's no great incentive for him to de escalate. I
Speaker 1: think about a minute left here, rise it's seen some
Speaker 1: headlines that Russia is talking about another round of talks
Speaker 1: with Ukrainian delegates. What more do we know about that?
Speaker 1: We've know there's been another a couple of rounds of
Speaker 1: negotiations over the last couple of days so so far,
Speaker 1: there was a round of talks from the Yelo Roost
Speaker 1: border between ministerial level negotiators from the two countries that
Speaker 1: came away a pensibly with nothing as far as we
Speaker 1: could see. They returned to their capitals for discussions. Russia
Speaker 1: has set its sending some negotiators back. There's been no
Speaker 1: confirmation from Ukraine that it's doing the same and that
Speaker 1: further talks will indeed happen. Of course, with Ukraine now
Speaker 1: calling to become a member of the European Union, the
Speaker 1: very idea of Ukraine neutrality has to be completely off
Speaker 1: the table. So what those talks, if anything, could achieve.
Speaker 1: It's very difficult to see. If anything. There possibly an
Speaker 1: effort by Russia simply to buy time to sort of
Speaker 1: suggest they're talking, even though there's no possibility of an agreement.
Speaker 1: Thanks as always for keeping us up to speed. Rosalind
Speaker 1: Matheson is our executive editor for International Government for Bloomberg News.
Speaker 1: Right now, SMP futures are up twenty three points down
Speaker 1: futures up a hundred sixty seven. NASDAK futures highed by
Speaker 1: ninety nine points. The tenure Treasury down seven thirty seconds
Speaker 1: yield one point seven five Just ahead, how the United
Speaker 1: Nations is responding to the war and the oil market
Speaker 1: reels at the risk of supply disruptions. Five things you
Speaker 1: need to know to start your day. Coming up on
Speaker 1: Bloomberg Daybreak Bloomberg eleven three oh weather mostly sunny, upper
Speaker 1: forties today, chance for a shower tonight. We have a
Speaker 1: mix of sun and clouds. Tomorrow breezing low forties for
Speaker 1: highs only upper thirties by Friday. Right now forty two
Speaker 1: in Central Park. Broadcasting live from the Bloomberg Interactive Broker
Speaker 1: Studio in New York. Bloomberg E Living Freedom to Washington,
Speaker 1: d C. Bloomberg to Boston, Bloomberg one oh six one
Speaker 1: does San Francisco, Bloomberg No. Sixty to the country, Sirius
Speaker 1: XM to A one ninet and around the globe the
Speaker 1: Bloomberg Business app and Bloomberg Radio dot Com. This is
Speaker 1: Bloomberg Daybreak. It's six thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Where are just
Speaker 1: about three hours away from the open of US trading time?
Speaker 1: For the five things you need to notice start your day.
Speaker 1: Bront to you by Interactive Brokers. Trade crypto for a
Speaker 1: less coin with commission says twelve to eighteen basis points
Speaker 1: and no hidden spreads or markups. Learn more at ibk
Speaker 1: r dot com slash crypto first. The fighting is intensifying
Speaker 1: in Eastern Europe. According to inter Facts, Russia's defense ministry
Speaker 1: says it is captured the Ukrainian port of Curson. Moscow
Speaker 1: is pressing ahead with attacks. Meantime, the United Nations is
Speaker 1: sounding the alarm and the humanitarian crisis in Ukraine. Bloomberg's
Speaker 1: ad Baxter has the latest. The body says almost seven
Speaker 1: hundred thousand people have already fled Ukraine and say as
Speaker 1: many as four million may leave. US Secretary of State
Speaker 1: Anthony Blincoln says Russia should not be on the Humanitarian Council.
Speaker 1: These are the human rights abuses this council was created
Speaker 1: to stop. If we cannot come together now, when will
Speaker 1: we come together? A U N forecast Russia to step
Speaker 1: up attacks from targeted to more widespread and more brutal.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak. All right,
Speaker 1: and thanks for coming off President Biden's first State of
Speaker 1: the Union address last night. The President says Vladimir Putin
Speaker 1: has no idea what's coming. He used his speech to
Speaker 1: rally support for Ukraine and to confront the challenges here
Speaker 1: at home. We'll meet the test, protect freedom and liberty,
Speaker 1: expand fairness and opportunity, and we will save democracy. President
Speaker 1: said getting prices under control will be his top priority.
Speaker 1: He touted his bipartisan infrastructure law and called for more
Speaker 1: action on domestic manufacturing and increasing competition. Well, speaking of
Speaker 1: gas prices here, Nathan, we're seeing crew is searge again
Speaker 1: this morning, and we get the latest live with the
Speaker 1: Bloomberg's John Tucker, John Karen. Brent oil has topped one
Speaker 1: dollars of barrel. The International Energy Agency warns this situation
Speaker 1: is serious now. All sanctions haven't targeted russ and crude.
Speaker 1: Banks won't finance, and shipperds no want to touch it
Speaker 1: about runs and crewed trade is currently frozen. A strategic
Speaker 1: oil reserve release has done little detained prices. Dopek plus
Speaker 1: meets today, but it's only e spented the increased production
Speaker 1: by a trickle Live in New York on John Tucker
Speaker 1: Bloomberg Daybreak, John, Thanks, how will the war in Ukraine effect?
Speaker 1: The Fed will be looking for answers on that, plus
Speaker 1: the outlook for inflation when Fed Chair J. Powell begins
Speaker 1: two days of testimony to Congress. Listen for that live
Speaker 1: on Bloomberg Radio and television beginning today at ten am Eastern.
Speaker 1: And on the corporate front, this morning, Nathan Shares of
Speaker 1: Nordstroom are searching the department store operator up more than
Speaker 1: thirty percent after earnings in the forecast that toped estimates.
Speaker 1: And that's the five things you need to notice start
Speaker 1: your day. Brought to you by Interactive Brokers and futures
Speaker 1: this morning are moving higher. Straight ahead your latest local headlines,
Speaker 1: plus a check of sports. And this is Bloomberg. Thanks
Speaker 1: hearing six Wall Street, forty one degrees in Central Park.
Speaker 1: Still dealing with that crash in the westbound l I
Speaker 1: at Maurice Avenue. Michael Barr has more on what's going
Speaker 1: on in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. New Jersey drivers may soon have to
Speaker 1: pump their own gas. The New Jersey legislature introduce some
Speaker 1: measure that would allow residents the option to pump their
Speaker 1: own gas or continue with old service from an attendant.
Speaker 1: New Jersey doesn't allow drivers to pump their own gas
Speaker 1: by law. Many drivers love the full service law, but
Speaker 1: station owners say changing it would help offset rising gas
Speaker 1: prices and workers shortages. A mask mandate for students in
Speaker 1: schools ends in New York State starting today. Governor Kathy
Speaker 1: Hokel says that new cases have dropped. The mandate is
Speaker 1: still in place for New York City students for now.
Speaker 1: It's a milestone Hong Kong does not want. According to
Speaker 1: local media, the city will report more than fifty thousand
Speaker 1: confirmed COVID cases today. Hong Kong's spiraling outbreak has seen
Speaker 1: thousands of residents flee, while those remaining strip shelves of
Speaker 1: food and medicine. There were demonstrations about the controversial bill
Speaker 1: in Florida. Protests were held outside city Hall in Miami
Speaker 1: Beach as Florida so called Don't Say Gay Bill advances.
Speaker 1: The measure aims demands speaking about sexual orientation or gender
Speaker 1: identity in schools. It's extremely harmful to year. Respective. Supporters
Speaker 1: of the bill say it's not to demonize certain groups.
Speaker 1: Just says that we don't talk about these sorts of
Speaker 1: things till the kids are out of third grade. The
Speaker 1: measure is officially known as the Parental Rights and Education Bill.
Speaker 1: Democratic challenger Jessica ss Narrows has forced the primary runoff
Speaker 1: in South Texas against conservative Democrat Representative Henry quay Are.
Speaker 1: Neither candidate last night got more than fifty of the
Speaker 1: vote needed to win out right. The race was among
Speaker 1: the most heated in Texas is first in the nation primary. Meanwhile,
Speaker 1: Democrat Beta O Rourke had a good night in the
Speaker 1: Texas gubernatorial primary. I feel extraordinarily lucky to be here
Speaker 1: with you tonight. It looks like from the early returns,
Speaker 1: I will be your nominee for governor. He held a
Speaker 1: rally and ford Worth. Rourke will face incumbent Governor Greg Abbott,
Speaker 1: who also had a good night winning the Republican gubernatorial primary.
Speaker 1: Will not let them win this state Governor. Rabbit spoke
Speaker 1: to his supporters in porpos Christie Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalist and antalists
Speaker 1: more than twenty countries. Michael bar this is Bloomberg. Nathan okay, Michael,
Speaker 1: thank you. Almost six thirty six on Wall Street and
Speaker 1: John stash Our has the Bloomberg Sports Update. Thanks Nathan.
Speaker 1: Opening day was to be March thirty one, Yankees in
Speaker 1: Texas met at home against Washington. Those games and all
Speaker 1: of the first two series canceled. The Baseball lockout ninth
Speaker 1: work stoppage and MLB history continues. You can't help but
Speaker 1: get the feeling this might last a while, both sides
Speaker 1: blaming the other. The commissioner is Rob Manfred. From the
Speaker 1: perspective of the Commissioner's office in the clubs um, we
Speaker 1: are doing our very very best to try to reach
Speaker 1: an agreement. Unfortunately, it's not something that's solely within our
Speaker 1: Controlers two parties to reach an agreement, and we will
Speaker 1: continue to be committed to that process. Flayers Association put
Speaker 1: out a statement. They call this the culmination of a
Speaker 1: decade's long attempt to break the union. It's chief Tony
Speaker 1: clarks as the players have never been so united. The
Speaker 1: biggest issue the competitive balanced tax that helped smaller market
Speaker 1: teams and what a team's payroll would be yet to
Speaker 1: start paying into that tax. Nets went to Toronto, the
Speaker 1: unvaccinated Kyrie Irvy normally plays road games, not this one.
Speaker 1: He's not allowed to cross the border. Raptors one one
Speaker 1: O nine, one O eight to sweep the Home at home.
Speaker 1: James Johnson led Brooklyn with nine team but he missed
Speaker 1: a game winning shot at the M and Nets have
Speaker 1: now lost fifteen of eighteen, just like the Knicks have.
Speaker 1: Islanders lost to Colorado five to three and the Devil's
Speaker 1: lost in Columbus four to three. Rangers host St. Louis tonight.
Speaker 1: NFL scouting combined underway in Indianapolis and New Giants GM
Speaker 1: Joe Shane admitted to reporters the Giants are not in
Speaker 1: good salary Cap helped Shane needs to shed about forty
Speaker 1: million dollars. He admitted he'd listened the trade offers for
Speaker 1: sake on Barkley John Spanish were Bloomberg spores, Nathan John,
Speaker 1: thank you sixty seven On Wall Street, time to take
Speaker 1: a look at stocks, some of the names moving in
Speaker 1: the pre market. Bloomberg Radio and TV Markets correspondent Credy
Speaker 1: Gupta is with us on a morning where we're seeing
Speaker 1: stocks rise for a change. But I think the real
Speaker 1: story this morning, Creedy is the surge continuing in commodities,
Speaker 1: what's got your eye this morning? Yeah, it absolutely is.
Speaker 1: I think you nailed it on both fronts. First off,
Speaker 1: coming into the office this morning and seeing green on
Speaker 1: the screen, strange thing. Yeah, it was weird. Um. And
Speaker 1: underneath the hood, one of the major movers is to
Speaker 1: your point, those commodities and specifically the commodity complex and
Speaker 1: those stocks. I mean, take a look at what's moving here.
Speaker 1: Occidental o x Y is your taker, up three percent
Speaker 1: in the pre market. Cotera Energy is another one c
Speaker 1: t r A up six point two percent, Baker Hughes
Speaker 1: b k rs to take her up two point two percent,
Speaker 1: Haliburton as well, h A L up two point two
Speaker 1: percent as well. The common theme between all these, and
Speaker 1: I've been saying this over and over over against these
Speaker 1: are the companies that have way more domestic exposure than
Speaker 1: a broad exposure. If you're looking at the commandity complex
Speaker 1: right now, looking at whether or not you want to
Speaker 1: get not only Russian oil supply, but oils supply from
Speaker 1: any part of the world, the biggest bid from essentially
Speaker 1: oil consuming nations like the United States, China, India is
Speaker 1: to find the sources kind of domestically to look inward
Speaker 1: rather than um globally, and that of course it's going
Speaker 1: to be an inflationary practice, driving prices even higher, but
Speaker 1: also driving the energy stocks higher as well. But with that,
Speaker 1: you're also seeing a reversal in yields, which is a
Speaker 1: pretty big move. The tenure yield now up three basis point.
Speaker 1: It was actually down like think a ten basis points
Speaker 1: at its lowest point yesterday, So you are seeing a
Speaker 1: lot of volatility in the bond market. But today with
Speaker 1: a rise and yield you are seeing it takes some
Speaker 1: of those bank stocks higher as well. Bank of America
Speaker 1: b A, C S R Taker up one point three percent,
Speaker 1: City a similar story, up nine tenths of one percent.
Speaker 1: UH Wells Fargo w FCS taker their up eight tenths
Speaker 1: of one percent. So really once again those value trades
Speaker 1: coming back, but not necessarily because of a recovery, but
Speaker 1: more because um this kind of reversal of what you
Speaker 1: saw yesterday. Are we seeing changes in volume with this rally?
Speaker 1: We are seeing changes in volume, But remember, as you
Speaker 1: start to see UH selling selling will always have more
Speaker 1: volume than am buying will. So if you see less
Speaker 1: volume today, that's just because we've had such a aggressive
Speaker 1: couple of weeks and I should say starts since the
Speaker 1: start of the year of selling, where you have seen
Speaker 1: that elevated volume. But today it'll be interesting to see
Speaker 1: if we keep that same amount of volume, but perhaps
Speaker 1: in the other direction, that might signal a little bit
Speaker 1: of a more sustainable turnaround. All right, Boomberg Radio and
Speaker 1: TV Markets correspondent create Goopta, keeping us on top of
Speaker 1: the pre market action, and let's take a look at
Speaker 1: stocks as a whole ahead of the open. Yes, we
Speaker 1: are seeing futures move higher, with SMP futures up thirty
Speaker 1: one point, staff features up two or thirty two points,
Speaker 1: and NASTACK futures are higher right now by a hundred
Speaker 1: ten points. The tenure treasury is now down nine thirty seconds,
Speaker 1: the yield one point seven five percent yield on the
Speaker 1: two year one point four year o percent, and a
Speaker 1: lot of the action still is in the commodity space,
Speaker 1: with nime x crewed up four five dollars eleven cents
Speaker 1: a hundred eight dollars fifty five cents of barrel brent
Speaker 1: above one ten at a hundred ten dollars fifty two
Speaker 1: cents stay with us. You're listening to Bloomberg day Break
Speaker 1: Bloomberg eleven three oh weather, sunshine up or forties today,
Speaker 1: chance for a shower tonight, but we'll have a mix
Speaker 1: of sunny clouds tomorrow breezy, low forties, upper thirties for
Speaker 1: highest partly sunny by Friday. Currently forty one in Central
Speaker 1: Park Markets. Headlines and breaking news twenty four hours a
Speaker 1: day at Bloomberg dot com, bloo Boomberg Business at and
Speaker 1: at Bloomberg Quick Tape. He's a Bloomberg Business lash and
Speaker 1: I'm Karen Moscow. Future is higher this morning, wet to
Speaker 1: the first word breaking news desk for today's morning call.
Speaker 1: Here's Bill Maloney. Bill, good morning, and good morning Karen.
Speaker 1: That's right. US features are in the green, helped by
Speaker 1: reports that Russias said it's ready to resume talks. Doubt
Speaker 1: you just currently up two hundred twelve points, Simes gained
Speaker 1: thirty nedase features up a hundred and thirteen. The US
Speaker 1: ten year old at one point seven five percent, Gold
Speaker 1: is down seventeen, oil is surging again, and bitcoin is
Speaker 1: up by half a percent. Japan fell one point seven
Speaker 1: percent overnight, while Europa markets are trading mostly in the
Speaker 1: green this morning, and back in the US on the
Speaker 1: economic front, DP employment change, and at two o'clock the
Speaker 1: Federal Reserve releases it's beige book. After Vellis nights Salesforce
Speaker 1: got into beat estimates, and Northster reported is trading higher
Speaker 1: by thirty four percent in the pre market. Wrapping things up,
Speaker 1: Chevron raised to buy over at DZ bank, All State
Speaker 1: was raised by a Goldman Sachs, and C three AI
Speaker 1: was raised to neutral over at JP. Morgan live from
Speaker 1: the first breaking news descom Bill Maloney, care all right, Bill,
Speaker 1: thank you, and to hear live breaking news over your
Speaker 1: bloombergy tips, squawk on your termin I'll ascue you a
Speaker 1: w UK and that's a Bloomberg business flash. Now here's
Speaker 1: Michael Barrow with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Day seven of the
Speaker 1: Russia Ukraine conflict dawned with Russia continuing its attacks on
Speaker 1: crowded Ukrainian cities. Last night, President Joe Biden, in a
Speaker 1: State of the Union speech, gave his support to Ukraine.
Speaker 1: We're giving more than a billion dollars of direct assistant
Speaker 1: Ukraine and will continue to aid Ukrainian people as they
Speaker 1: defend their country and help ease their suffering. Hiawa Governor
Speaker 1: Kim Reynolds gave the GOP response to Biden's address. The
Speaker 1: President tried to paint a different picture tonight, but his
Speaker 1: actions over the last twelve months don't match the rhetoric.
Speaker 1: It's not what he promised when he took office. Governor
Speaker 1: Reynolds did say all Americans must stand united in solidarity
Speaker 1: with the people of Ukraine. The scheduled opening day for
Speaker 1: Major League Baseball has been canceled. No deal was reached
Speaker 1: between the players and owners. In the NBA, the Nets
Speaker 1: and Warriors lost, the Celtics and whiz It's one. In
Speaker 1: the NHL, the Devil's Island News and Bruins lost. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven under journalists
Speaker 1: and analysts more than twenty countries. Michael bar this is Bloomberg,
Speaker 1: Karen Ry, Michael, thank you. Sixty nine. On Wall Street,
Speaker 1: we turned to news and science and technology Now with
Speaker 1: the Bloomberg and j I t STEM Report, brought to
Speaker 1: you buy New Jersey Institute of Technology and j I
Speaker 1: T makes infrastructure ready graduates from civil engineers to transportations specialists.
Speaker 1: If it's infrastructure and j I T grads are building it.
Speaker 1: More at n j I T DOT E DU now
Speaker 1: here's just making news and science, technology, engineering, and math.
Speaker 1: Hong Kong is set to report a record of more
Speaker 1: than fifty thousand new coronavirus infections today as according to
Speaker 1: local media, the city's spiraling outbreak has led thousands of
Speaker 1: residents to flee. Meanwhile, those who stay are stocking up
Speaker 1: on food in medicine. Although Africa has contributed relatively little
Speaker 1: to the planet's greenhouse gas emissions, the continent has suffered
Speaker 1: some of the world's heaviest impacts of climate change, from
Speaker 1: famine to flooding. According to a new United Nations report,
Speaker 1: the reverberations of human cause global warming will only get worse.
Speaker 1: It predicted that saherin flooding, heat and drought will increase,
Speaker 1: Africa's rich array of wildlife and plants will decline, and
Speaker 1: glaciers on its most iconic mountains will disappear in coming decades.
Speaker 1: And the Moon is about to get walloped by three
Speaker 1: tons of space junk, a punch that will carve out
Speaker 1: a crater that could fit several semi tractor trailers. The
Speaker 1: leftover rocket will smash into the far side of the
Speaker 1: Moon at fifty eight hundred miles per hour on Friday,
Speaker 1: away from telescopes prying eyes. It's been tumbling haphazardly throughout space,
Speaker 1: experts belief since China launched it nearly a decade ago.
Speaker 1: And that's a Bloomberg n j I t Stem report.
Speaker 1: Nathan all right, Karen, thank you. We are live from
Speaker 1: the Bloomberg Interactive Broker Studios where it's sixty one on
Speaker 1: Wall Street Time now to check what's going on in
Speaker 1: d C. The morning after a State of the Union
Speaker 1: address which President Biden vowed to confront tyranny in the
Speaker 1: war in Ukraine, President calling his top priority getting prices
Speaker 1: under control, and his plea for unity colliding with the
Speaker 1: reality of a still bitterly divided America. Let's bring in
Speaker 1: Bloomberg government reporter Emily Wilkins, now part of our team
Speaker 1: covering President Biden's first State of the Union address. Emily,
Speaker 1: good morning, It's good to have you with us. We
Speaker 1: saw lots of bipartisan applause when it comes to the
Speaker 1: President rallying support for Ukraine, but when it comes to
Speaker 1: the domestic agenda, maybe not so much in terms of bipartisanship. Yeah,
Speaker 1: they didn't really seem to be a lot of of
Speaker 1: lines that really got both Democrats and Republicans on their
Speaker 1: feet that weren't about Ukraine. Why didn't you know? He
Speaker 1: talked a little bit about the Build Back Better plan
Speaker 1: without ever saying build back better, But he went through
Speaker 1: the components lowering drug prices, elder care, home care, childcare, um,
Speaker 1: climate change. But at the same point he didn't really
Speaker 1: pick out any of those particular elements and really kind
Speaker 1: of hold them up as sort of telling Congress, this
Speaker 1: is the priority, this is the piece that needs to
Speaker 1: get done. And after the speech, we heard from Senator
Speaker 1: Joe Mansion, who didn't seem swayed at all by by
Speaker 1: Biden's calls to do anything on that front. Mansion is
Speaker 1: still very concerned about inflation, about bringing costs down for Americans,
Speaker 1: and Walt Biden tried to argue that policies like will
Speaker 1: ring the cost of prescription drugs or helping Americans with
Speaker 1: childcare would help Americans families by bringing costs down. That
Speaker 1: argument just didn't seem to hold sway with one of
Speaker 1: the most important people uh in getting this legislation passed.
Speaker 1: So it seemed as though the President wanted to sort
Speaker 1: of reset his agenda with the calls for Congress to
Speaker 1: do more uncertain pieces of the economic policy agenda. He
Speaker 1: also needed to boost his own standing. Did the President
Speaker 1: do that last night with this each How was it received?
Speaker 1: We we'll have to see exactly what the polls say. UM.
Speaker 1: As far as how President Biden was viewed, I think
Speaker 1: there were a couple of major components there. I mean,
Speaker 1: obviously President Biden's approval ratings, UH, they've been down, but
Speaker 1: I think when I checked yesterday, I saw that only
Speaker 1: of Americans prove on how he's doing, according to an
Speaker 1: average of polls from five thirty eight. UH. One area
Speaker 1: that Biden's kind of been focused on a lot where
Speaker 1: we saw that bipartisan's apart last night was on Ukraine
Speaker 1: UM taking a really strong home saying that the Justice
Speaker 1: Department was going to go after the hold arts and sees,
Speaker 1: their planes and their luxury apartments, and that was a
Speaker 1: pretty big applause line. UM. As well as announcing that
Speaker 1: the US would not permit Russian planes to use US airspace,
Speaker 1: So sort of two big components there and sort of
Speaker 1: a continuing crackdown on Russia and on Putin. Beyond that,
Speaker 1: one of the things that really caught my ear last
Speaker 1: night was President by Iden talking about the police. H
Speaker 1: He specifically said that they're needed to fund the police,
Speaker 1: not defund the police, which has become a bit of
Speaker 1: a catchphrase that's been used against a number of Democrats. Um,
Speaker 1: and that was actually an applause line. I saw Republican
Speaker 1: House Leader Kevin McCarthy, S C. Schulee is standing up
Speaker 1: applauding that, and I think that really speaks to the
Speaker 1: fact that Democrats know that Republicans are going to make
Speaker 1: crime a big piece of the upcoming midterm elections, and
Speaker 1: this is a way for President Biden to kind of
Speaker 1: get out in front of some of those attacks and
Speaker 1: give some of his more vulnerable Democrats the cover that
Speaker 1: they need to be able to go back to their
Speaker 1: constituents and say, you know, Democrats are supportive of the
Speaker 1: police and our supportive of lowering rising crime rates. And
Speaker 1: typically after a State of the Union address, the president
Speaker 1: goes out and starts to campaign on the agenda to
Speaker 1: some extent hitting the road. Is the President going to
Speaker 1: be doing that today? Yeah, we're gonna see President Biden
Speaker 1: go to Minnesota. We're going to see a vice president
Speaker 1: Kamala Harris head to North Carolina. You know, one thing
Speaker 1: that Biden has said is that he wants to get
Speaker 1: out more this year, that he wants to um talk
Speaker 1: to Americans more than he wants to get outside of
Speaker 1: Washington more. And strategist, what I've talked to you said,
Speaker 1: this is Biden's strength to really get up there and
Speaker 1: be talking to the American people. Um. He's someone who
Speaker 1: even though his approval ratings are low, that a lot
Speaker 1: of Americans still like. And you see that with Democrats
Speaker 1: who are going to be facing tough races this November,
Speaker 1: is still being happy to be seen with the president.
Speaker 1: I'm you know, welcoming the president, hugging the president. That
Speaker 1: doesn't happen if you have a very unlikable figure in
Speaker 1: the White House. Only about thirty seconds left here. Unity
Speaker 1: agenda was something that stood out to me. How's that
Speaker 1: being received? The idea of a unity agenda? I think
Speaker 1: there's a little do of reality to go in there.
Speaker 1: I mean, yes, Um, definitely there's an acknowledgement that there
Speaker 1: needs to be by partisanship, and if you look closely
Speaker 1: at what the House and Senate have been focusing on,
Speaker 1: you can actually see that they have focused on a
Speaker 1: number of bipartisan bills and have put those forward in
Speaker 1: the recent weeks. But I think there's also a timing
Speaker 1: element we have to be aware of. Nathan. The first
Speaker 1: primary of the mid term was last night in Texas.
Speaker 1: The mid terms are are here, and that means that
Speaker 1: it's going to be more difficult to pass any legislation
Speaker 1: going forward. Uh, it's just sort of the time of
Speaker 1: the clock is is quickly running out. Nine Bloomberg Government
Speaker 1: reporter Emily Wilkins this morning after the State of the Union.
Speaker 1: Thanks Emily, Karen Nathan, it is sixty six on Wall Street.
Speaker 1: This is Bloomberg day Break. March is Women's History Month,
Speaker 1: and every day this month we're celebrating significant moments in
Speaker 1: women's history. Now with your installment for March second, here's
Speaker 1: Bloomberg's reny to Young on this day in women's history.
Speaker 1: In nineteen o three, the Martha Washington Hotel opens in
Speaker 1: New York City on East twenty ninth Street, making it
Speaker 1: the first hotel in the area exclusively for women. All
Speaker 1: the employees were women, with chaperones and a hostess on
Speaker 1: site at all times. Men, even doctors and priests, were
Speaker 1: only allowed on the first floor restaurant. The opening of
Speaker 1: the Martha Washington Hotel was the peak of more than
Speaker 1: fifty years of poor treatment of women travelers in the
Speaker 1: United States. Prior to the Civil War and during the
Speaker 1: nineteenth century, people looked at female guests who traveled alone
Speaker 1: with suspicion. So the Martha Washington Hotel marketed itself as
Speaker 1: a venue catering especially to women traveling or visiting New
Speaker 1: York alone. That's today in women's history. I'm Rinita Young
Speaker 1: Bloomberg Radio. All right, Nita, thank you, and futures this
Speaker 1: morning are on the rise. And Bloomberg Surveillance with Tom King,
Speaker 1: Jonathan Farrell and Lisa Bramos is straight ahead for Nathan Hagar.
Speaker 1: I'm Karen Moscow. This is Woomberg