WEBVTT - Bloomberg Daybreak: April 18, 2022 - Hour 2 (Radio) 0:00:02.520 --> 0:00:06.040 My from the Bloomberg Interactive Burger Studios is Bloomberg Daybreak 0:00:06.080 --> 0:00:09.200 for Monday, April eight teen two. Coming up this hour, 0:00:09.480 --> 0:00:12.119 Russia surrounds the port city of Mario paul Is. The 0:00:12.119 --> 0:00:15.319 war in Ukraine intensifies the US natural gas searches to 0:00:15.400 --> 0:00:18.560 a thirteen year high. J Powell may Reinforce bets that 0:00:18.640 --> 0:00:21.799 the FED raises infrastrates by a half percentage point next month. 0:00:22.040 --> 0:00:24.640 And Make of America kicks off a busy week of earnings. 0:00:24.880 --> 0:00:27.560 New York's mayor and police commission their address shootings in 0:00:27.560 --> 0:00:30.200 the city. Plus officials in New Jersey are looking into 0:00:30.200 --> 0:00:33.000 a link between a high school and brain cancer. Hi, 0:00:33.120 --> 0:00:35.840 Michael barn More, I have I'm done Stage Sharon Sports 0:00:35.840 --> 0:00:37.680 Part Break for the Nets. They lost at the Plazza 0:00:37.720 --> 0:00:39.720 in Boston. The Mets one five en up in the 0:00:39.800 --> 0:00:46.600 Yankees lost five to nothing. That's all straight ahead on 0:00:46.840 --> 0:00:52.600 Bloomberg Daybreak on Bloomberg eleven Trio, New York, Bloomberg one, Washington, 0:00:52.720 --> 0:00:56.800 d C, Bloomberg one six one, Boston, Bloomberg nine sixties, 0:00:56.840 --> 0:01:00.800 San Francisco, Sirius x M one ninete and around the 0:01:00.880 --> 0:01:04.240 world on Bloomberg Radio dot Com and via the Bloomberg 0:01:04.280 --> 0:01:10.039 Business App. Good morning, I'm Nathan Hagar and I'm Karen. 0:01:10.120 --> 0:01:13.319 Moscow and US not Index futures are lower this morning. 0:01:13.400 --> 0:01:15.320 We are coming up to six oh one on Wall Street, 0:01:15.319 --> 0:01:17.400 and we check the markets every fifteen minutes throughout the 0:01:17.400 --> 0:01:20.120 trading day. On Bloomberg. U S and P future is 0:01:20.160 --> 0:01:22.600 down twenty three points and down features down one hundred 0:01:22.680 --> 0:01:26.600 three NASDAG features down nineties seven. Ten year treasury down 0:01:26.680 --> 0:01:29.280 four thirty seconds, yield two point eight four percent, a 0:01:29.400 --> 0:01:32.200 yield on the two year two point four eight percent. 0:01:32.840 --> 0:01:35.720 Nimex crude oil is down a quarter percent, or twenty 0:01:35.760 --> 0:01:37.920 seven cents at a hundred six dollars sixty eight cents 0:01:37.959 --> 0:01:40.720 of barrel. Comex gold is at one point one percent, 0:01:40.840 --> 0:01:43.360 or twenty one dollar sixty cents at nineteen ninety six 0:01:43.440 --> 0:01:46.080 sixty announced. And again they yield on the ten year 0:01:46.160 --> 0:01:49.320 treasury two point eight four percent. Nathan, all right, Karen, 0:01:49.360 --> 0:01:51.080 we'll have more on the markets in a minute. First, 0:01:51.160 --> 0:01:53.640 the latest on the war. The Russian military has the 0:01:53.680 --> 0:01:56.480 ports city of Maripolese surrounded as it prepares for a 0:01:56.560 --> 0:01:59.640 new offensive in the eastern don Boss region. Meantime, you 0:01:59.720 --> 0:02:02.000 crate in officials say at least six people have been 0:02:02.120 --> 0:02:05.200 killed in Russian strikes on Laviv. It's a western city 0:02:05.280 --> 0:02:07.760 that's been a haven for people fleeing the war. We 0:02:07.840 --> 0:02:09.960 get more in this report from Amy Morris in our 0:02:10.000 --> 0:02:17.799 Bloomberg newsroom in Washington. In his daily address, Ukrainian President 0:02:17.880 --> 0:02:21.880 vladimir's Olinsky reiterated his country's resolved to fight the Russian 0:02:21.960 --> 0:02:24.840 forces in the don Bass region, saying that peace talks 0:02:24.880 --> 0:02:28.000 with Russia have reached a dead end. Ukrainian Prime Minister 0:02:28.160 --> 0:02:31.960 Dennis Jamail tells ABC's this week their forces remain ready 0:02:32.000 --> 0:02:35.639 to defend Ukraine. Quote to the end. We still are 0:02:35.960 --> 0:02:39.880 fighting and we have bottled in don Bas region right now, 0:02:40.040 --> 0:02:43.840 but we do not U do not have intention to 0:02:44.240 --> 0:02:48.280 s Meanwhile, Ukrainian officials will be in Washington for this 0:02:48.440 --> 0:02:51.760 week's meetings of the International Monetary Fund and the World 0:02:51.840 --> 0:02:55.440 Bank to look for financial support in Washington. I'm Amy Morris, 0:02:55.480 --> 0:02:59.800 Bloomberg Daybreak, Amy, thank you. President Zelinski is urging their 0:02:59.800 --> 0:03:02.080 prey is it into the United States to visit Kiev 0:03:02.160 --> 0:03:05.919 and see the devastation for himself. Ukrainian Foreign Minister Dmitro 0:03:06.040 --> 0:03:09.000 Kuleba says a meeting between the two leaders could pay 0:03:09.120 --> 0:03:11.400 the way for new supplies and weapons, as well as 0:03:11.440 --> 0:03:15.320 discussions on ending the war. We would be happy to 0:03:15.400 --> 0:03:18.560 see him in our country and it would be an 0:03:18.600 --> 0:03:22.919 important message of support to US and Foreign Minister kuleba 0:03:22.960 --> 0:03:25.519 s book on CBS Space The Nation, heard Sundays on 0:03:25.600 --> 0:03:28.280 Bloomberg Radio. White House sates have said they hope to 0:03:28.320 --> 0:03:30.760 send a senior official to Ukraine in the coming days. 0:03:31.120 --> 0:03:33.519 President Biden has said he wants to visit, but the 0:03:33.560 --> 0:03:36.720 White House says neither he nor Vice President Harris will 0:03:36.800 --> 0:03:39.119 make the trip. Well. The war in Ukraine is continuing 0:03:39.160 --> 0:03:41.960 to have an impact on energy markets. Karen us natural 0:03:42.040 --> 0:03:45.240 gas prices are trading at a thirteen year high this morning. 0:03:45.520 --> 0:03:49.440 Suppliers are struggling to meet a post pandemic surgeon consumption. Well. 0:03:49.520 --> 0:03:52.760 Turning to the economy now, Nathan J. Powell may reinforce 0:03:52.920 --> 0:03:55.200 bets at the Federal Reserve or race interest rates by 0:03:55.280 --> 0:03:58.320 fifty basis points next month. The Fed chair will speak 0:03:58.360 --> 0:04:00.880 at two events on Thursday, including a panel hosted by 0:04:00.920 --> 0:04:04.000 the International Monetary Fund, aheaded out the fan issues It's 0:04:04.000 --> 0:04:06.320 Your Port Card in the US Economy. On Wednesday at 0:04:06.360 --> 0:04:11.000 Bloomberg's Vinidale Judais reports the magnitude of upcoming interest rate 0:04:11.040 --> 0:04:14.600 increases may well depend on the Fed's economic intelligence. The 0:04:14.680 --> 0:04:17.680 Beige Book will provide fodder for next month's policy meeting. 0:04:18.040 --> 0:04:20.640 Inflation is running at the fastest pace since the early 0:04:20.760 --> 0:04:24.400 nineteen eighties, and the prior page book reported an elevated 0:04:24.520 --> 0:04:28.680 degree of uncertainty. Also on this week's economic calendar, variety 0:04:28.800 --> 0:04:32.360 figures on the property market, builder confidence, housing starts, and 0:04:32.480 --> 0:04:36.880 existing home sales. Rising mortgage rates are an issue. Ni 0:04:37.000 --> 0:04:40.440 Del Bloombergday Break. Alright, Vinnie, thank you know. History suggests 0:04:40.480 --> 0:04:43.360 the Fed will face a difficult task in tightening monitary 0:04:43.440 --> 0:04:47.039 policy enough to cool inflation without causing a recession. Let's 0:04:47.080 --> 0:04:49.839 get more on that line from Bloomberg's Jnina Young. Good morning, Granita, 0:04:49.880 --> 0:04:53.000 Good morning Nathan. There's about a thirty five risk of 0:04:53.040 --> 0:04:55.880 a recession over the next two years. That's according to 0:04:55.960 --> 0:04:59.480 Goldman Sex. Economists there say the fifth main challenge is 0:04:59.520 --> 0:05:02.160 to reduce used the gap between jobs and workers and 0:05:02.279 --> 0:05:05.040 slow wage growth to a pace consistent with its two 0:05:05.120 --> 0:05:07.920 percent inflation goal. They say the FED would need to 0:05:08.000 --> 0:05:11.680 do that by tightening financial conditions enough to reduce job 0:05:11.720 --> 0:05:15.839 openings without sharply raising unemployment, but achieving a so called 0:05:15.920 --> 0:05:19.640 soft landing may be tough. Historically, large declines in the 0:05:19.720 --> 0:05:22.880 gap in the US have only occurred during recessions, and 0:05:22.960 --> 0:05:26.719 Goldman's Chief Economists says the recession is not inevitable because 0:05:26.800 --> 0:05:30.080 post COVID normalizations in labor supply and durable goods prices 0:05:30.279 --> 0:05:33.120 will help the fit live in New York, I'm rened 0:05:33.160 --> 0:05:35.320 a young Bloomberg day break al right, reneed to thank 0:05:35.360 --> 0:05:37.560 you all. Turning to the equity markets, Much of Europe, 0:05:37.600 --> 0:05:40.320 along with Australia and Hong Kong, remains shut for Easter, 0:05:40.520 --> 0:05:43.680 but earnings remain in focus for nearly seventy companies in 0:05:43.760 --> 0:05:47.120 the SNP five hundred reporting this week, as Bloomberg Channelly 0:05:47.160 --> 0:05:49.960 Bosti reports, banks will once again be front and center 0:05:50.040 --> 0:05:53.600 this morning as Bank of America reports earnings today. Investors 0:05:53.600 --> 0:05:55.679 will keep an eye on whether or not interest income 0:05:55.760 --> 0:05:58.800 will continue to rise as interest rates rise, or will 0:05:58.880 --> 0:06:02.640 interest rates start to pack consumer demands for loans. Trading 0:06:02.760 --> 0:06:05.000 has also held up that most of the major banks, 0:06:05.120 --> 0:06:08.280 despite investor's fears of a major slowdown well Bank of 0:06:08.360 --> 0:06:11.520 America also be able to keep steady and equities trading 0:06:11.560 --> 0:06:14.120 and fixed income in commodities as some of the other 0:06:14.200 --> 0:06:17.560 banks have started to benefit more than investors expected. In 0:06:17.680 --> 0:06:21.120 New York, I'm Shnali Bassik Bloomberg Daybreak, All right, Shinali, 0:06:21.200 --> 0:06:23.679 thank you. Shares of Twitter are higher in early trading. 0:06:23.800 --> 0:06:27.039 Is the Elon Musk saga continues over the weekend, must 0:06:27.080 --> 0:06:30.120 said the economic interests of Twitter's board are not aligned 0:06:30.160 --> 0:06:33.799 with shareholders. Musk tweeted those comments after the social media 0:06:33.839 --> 0:06:37.080 company took steps to ward off his takeover attempt. Well Nathan. 0:06:37.120 --> 0:06:39.360 Shares of China's d D Global are down more than 0:06:39.440 --> 0:06:41.440 twenty percent of the company said it will hold an 0:06:41.480 --> 0:06:44.720 extraordinary general meeting next month to vote on delisting its 0:06:44.760 --> 0:06:47.240 shares from the New York Stock Exchange. Is to sign 0:06:47.320 --> 0:06:50.000 the right Handling Giant is heating Beijing's call to address 0:06:50.040 --> 0:06:53.159 concerns about how it's data is handled abroad, and turning 0:06:53.200 --> 0:06:56.200 to the pandemic Karen Shanghai has reported its first deaths 0:06:56.240 --> 0:06:59.119 in the midst of China's biggest COVID flare up, tens 0:06:59.160 --> 0:07:02.400 of millions of barred from leaving their homes. That's led 0:07:02.440 --> 0:07:06.080 to criticism that China's zero COVID policy is inflicting too 0:07:06.160 --> 0:07:09.920 heavy a social and economic toll SMP futures now down 0:07:09.960 --> 0:07:12.640 twenty one points down, futures down ninety four danced deck 0:07:12.720 --> 0:07:16.679 futures lower by points. Straight ahead, your latest local headlines 0:07:16.720 --> 0:07:23.560 and a check of sports. This is Bloomberg six oh 0:07:23.680 --> 0:07:26.200 seven on Wall Street where forty one degrees in Central Park. 0:07:26.240 --> 0:07:29.160 We've gotta crash on the southbound Iconic by Peekskill Hollow Road. 0:07:29.240 --> 0:07:31.960 Details coming up in Traffic First. Michael Barr with more 0:07:32.000 --> 0:07:34.200 on what's going on in New York and around the world. Michael, 0:07:34.280 --> 0:07:36.560 thank you very much. Nathan. New York City residents are 0:07:36.600 --> 0:07:40.480 still recovering from the terrifying shooting of ten people inside 0:07:40.520 --> 0:07:44.000 the New York City subway and a subsequent thirty man hunt. 0:07:44.440 --> 0:07:47.440 It comes as many New Yorkers are sharing their fears 0:07:47.520 --> 0:07:50.920 of rising crimes in the city. New York Mayor Eric 0:07:51.000 --> 0:07:55.120 Adams says that people should stay vigilant when the encounter violence, 0:07:55.160 --> 0:07:57.360 both on the street and on the web. I think 0:07:57.400 --> 0:08:02.360 social media must step up. There's a corporate responsibility. When 0:08:02.400 --> 0:08:07.600 we are watching hate brew online, we could identify using 0:08:07.720 --> 0:08:11.600 artificial intelligence and other methods to identify those who are 0:08:11.800 --> 0:08:16.000 talking about violence. New York City Police Commissioner Teaching Sewell 0:08:16.040 --> 0:08:18.440 agrees with the Mayor Adams and praised the work of 0:08:18.520 --> 0:08:21.080 the entire city last week. We had a number of 0:08:21.160 --> 0:08:23.360 people looking for him, hundreds of detectors looking for him. 0:08:23.720 --> 0:08:25.880 But I think one of the key factors also is 0:08:25.920 --> 0:08:28.360 our false force multiplayer, which are the eyes and ears 0:08:28.400 --> 0:08:30.040 of our incredible New Yorkers, and we were able to 0:08:30.080 --> 0:08:33.240 bring him into custody. Commissioners Sewell and Mayor Adams spoke 0:08:33.320 --> 0:08:36.599 on ABC's This Week, which can be heard Sundays on Bloomberg. 0:08:37.120 --> 0:08:40.559 New Jersey officials are investigating a possible alarming link between 0:08:40.640 --> 0:08:44.160 cases of brain cancer and students and staff at Colonia 0:08:44.280 --> 0:08:47.720 High School in the town of Woodbridge. Spanning about three decades. 0:08:48.080 --> 0:08:51.000 So far, a hundred five people have contracted brain tumors, 0:08:51.280 --> 0:08:55.680 about half of them cancerous. Environmental engineers are now testing 0:08:55.720 --> 0:08:59.560 the grounds for contamination. Dr Rief Kamal is the Chief 0:08:59.600 --> 0:09:03.320 Patient officer for the American Cancer Society. To see any 0:09:03.400 --> 0:09:06.800 number in the dozens in any particular area, even over 0:09:06.840 --> 0:09:10.240 a period of twenty five years, is highly unusual and 0:09:10.559 --> 0:09:14.600 requires some investigation. Dr Reef Kamal says the results are 0:09:14.640 --> 0:09:17.800 expected at the end of the month. Philadelphia is bringing 0:09:17.840 --> 0:09:20.480 back the indoor mask mandate today due to a rise 0:09:20.559 --> 0:09:24.240 in COVID infections of the mandates are returning. Mask mandates 0:09:24.280 --> 0:09:28.000 are returning today to the University of Connecticut. A man 0:09:28.120 --> 0:09:30.640 hunt is underway for the gunman in another mass shooting, 0:09:30.760 --> 0:09:34.439 this one claiming two teenage boys in Pittsburgh at the 0:09:34.480 --> 0:09:38.800 crowded party in an Airbnb rented house. Eight others were wounded. 0:09:39.080 --> 0:09:42.040 Police believe a fight led to the drawing of multiple weapons. 0:09:42.480 --> 0:09:45.160 Global News twenty four hours a day on air and 0:09:45.400 --> 0:09:48.959 on Bloomberg Quicktake, powered by more than twenty seven hundred 0:09:49.000 --> 0:09:51.839 journalists and analysts more than a hundred twenty countries. Michael 0:09:51.880 --> 0:09:59.280 var And this is Bloomberg Natham. Thanks Michael almost six 0:09:59.360 --> 0:10:01.679 tent on Walster time for the Bloomberg Sports Update with 0:10:01.800 --> 0:10:04.000 John Show. Thank Nathan. A lot of hype for this 0:10:04.120 --> 0:10:07.319 first round playoff series that began in Boston. Game one 0:10:07.400 --> 0:10:10.520 did not disappoint for excitement. The Nets went from down 0:10:10.679 --> 0:10:13.560 fifteen to up five. They're up one when a Kevin 0:10:13.640 --> 0:10:16.439 Durant miss led to the final possession. Here's how it 0:10:16.520 --> 0:10:21.760 sounded w b Z in Boston not seconds ago. Taylor 0:10:21.840 --> 0:10:26.120 turns the corner on Drucket eight seconds kick out. Let's 0:10:26.120 --> 0:10:30.559 not smart, I'll pick find the cutter. Tatums up the 0:10:31.200 --> 0:10:38.439 buser e's ober eber the Sunda one fifteen one fourteen. 0:10:38.559 --> 0:10:40.560 Jayson Tatum played at all but three minutes, score thirty 0:10:40.559 --> 0:10:43.360 one points. Kyrie Irving pored in thirty nine. He had 0:10:43.400 --> 0:10:46.000 eighteen in the fourth quarter. Each shot he made seemingly 0:10:46.360 --> 0:10:49.000 was harder than the last one. Durant held the twenty 0:10:49.040 --> 0:10:51.320 three shots, just nine of twenty four. It's just an epic. 0:10:51.440 --> 0:10:54.079 Game one and Game two is Wednesday in Boston. The 0:10:54.120 --> 0:10:57.720 home teams all won. Miami easily over Atlanta, Milwaukee meet Chicago, 0:10:57.800 --> 0:11:00.240 Phoenix beeat New Orleans. The Mets have now played three series. 0:11:00.280 --> 0:11:03.199 They've won them all, five not being over Arizona City 0:11:03.240 --> 0:11:05.439 field is David Peterston and four relievers helped the be 0:11:05.520 --> 0:11:07.120 back to the five hits to run over for Peter 0:11:07.200 --> 0:11:09.600 Lons always already got the fourteen RBIs to lead the league. 0:11:09.960 --> 0:11:13.320 That tost the Giants. Tonight, Yankee bats again quiet in Baltimore. 0:11:13.400 --> 0:11:15.679 The Oriols won five nothing, scoring all five in the 0:11:15.760 --> 0:11:18.760 eighth inning Yanks that only four hits all singles. They 0:11:18.800 --> 0:11:22.480 struck out ten times in two losses. Of the lowly Oriols, 0:11:22.520 --> 0:11:25.640 they scored one run in twenty in It's Golf at 0:11:25.679 --> 0:11:28.280 Hilton had Jordan speed at along late bunker shot with 0:11:28.360 --> 0:11:30.040 an inches of the whole, not ting him to a playoff. 0:11:30.280 --> 0:11:33.440 Smith won the playoff over Patrick Camley, John stashually were 0:11:33.480 --> 0:11:36.840 Bloomberg Sports Snathan Okay, John, thanks right now. SMP futures 0:11:36.840 --> 0:11:40.679 are down twenty points, Stown futures down ninety, NASTAC futures 0:11:40.800 --> 0:11:44.599 down eighty six. Most European markets are closed for this 0:11:44.880 --> 0:11:48.560 day after Easter ten. Your treasury is down five thirty seconds. 0:11:48.600 --> 0:11:51.080 The yield two point four percent, yield on the two 0:11:51.200 --> 0:11:54.959 year two point four six percent. The very latest on 0:11:55.120 --> 0:11:58.120 the war in Ukraine will be checking in next with 0:11:58.480 --> 0:12:03.000 Bloomberg Exact Getive editor for International Fairs Rosalind Matheson. This 0:12:03.360 --> 0:12:09.280 is Bloomberg Bloomberg eleven three or whether we got frost wire, 0:12:09.360 --> 0:12:12.080 friseries and freeze warnings for the Northwest suburbs and parts 0:12:12.120 --> 0:12:16.040 of Long Island mid fifties today. Sunshine returns tomorrow will 0:12:16.040 --> 0:12:18.160 be in the mid fifties then as well, currently forty 0:12:18.240 --> 0:12:26.280 one in Central Park markets. Headlines and breaking news twenty 0:12:26.320 --> 0:12:29.120 four hours a day at Bloomberg dot com Blo Bloomberg 0:12:29.200 --> 0:12:33.200 Business Out and at Bloomberg Quicktape, She's a Bloomberg Business 0:12:33.280 --> 0:12:42.200 Flash and I'm Karen Moscow US Knock Index futures are 0:12:42.320 --> 0:12:45.240 lower and treasury yields are rising as investors way the 0:12:45.320 --> 0:12:48.640 prospects of faster policy tiening by the Fed. We checked 0:12:48.640 --> 0:12:51.280 the markets every fifteen minutes throughout the trading day on 0:12:51.400 --> 0:12:54.040 Bloomberg s and P futures down twenty one point and 0:12:54.120 --> 0:12:57.679 down futures down ninety five. Nasday futures down eight ten, 0:12:57.760 --> 0:13:00.240 Your treasury down five thirties seconds. You're two point eight 0:13:00.280 --> 0:13:02.400 four percent. The yield on a two year two point 0:13:02.440 --> 0:13:05.880 four seven percent. NIMEX screwed oils down a quarter percent 0:13:06.040 --> 0:13:08.120 or twenty six cents and a hundred six dollars sixty 0:13:08.200 --> 0:13:10.719 nine cents of barrel COMEXS Gold is up one point 0:13:10.800 --> 0:13:14.920 one percent or twenty one dollars announced. The euro one 0:13:15.000 --> 0:13:17.440 point oh seven nine four against the dollar, British found 0:13:17.480 --> 0:13:19.840 one point three zero one one and again is at 0:13:19.880 --> 0:13:23.280 one twenty six point six one Bitcoin down three point 0:13:23.320 --> 0:13:26.120 two percent at thirty eight thousand, nine hundred eighty dollars. 0:13:26.240 --> 0:13:28.599 That's a Bloomberg business flash. Now here's Michael Barr with 0:13:28.720 --> 0:13:31.240 more on what's going on around the world. Michael Karn. 0:13:31.400 --> 0:13:35.200 Ukrainian officials say Russian missile strikes on the western Ukrainian 0:13:35.240 --> 0:13:39.079 city of Leviv have killed six people. Lviv's regional governors 0:13:39.120 --> 0:13:43.040 said there were four strikes today. US Treasury officials blame 0:13:43.120 --> 0:13:45.800 the i r s IS outsized number of audits on 0:13:45.920 --> 0:13:50.600 low income households on severe underfunding of the agency by Congress. 0:13:50.960 --> 0:13:54.240 They were responding to a study from Syracuse University showing 0:13:54.280 --> 0:13:57.880 households making less than twenty five thousand dollars were almost 0:13:57.920 --> 0:14:00.480 three times as likely to get audited into Acts AR 0:14:01.200 --> 0:14:05.000 one and those making two hundred thousand to a million dollars. Meanwhile, 0:14:05.040 --> 0:14:07.560 don't forget for most of us, today is the tax 0:14:07.640 --> 0:14:10.959 deadline unless you file for an extension. Game one of 0:14:11.080 --> 0:14:14.320 their NBA playoff series, the Celtics beat the Nets one 0:14:14.440 --> 0:14:18.560 fifteen one fourteen in the NHL. The Islanders lost Global 0:14:18.640 --> 0:14:21.080 News twenty four hours a day on air and on 0:14:21.160 --> 0:14:24.920 Bloomberg Quicktake, powered by more than twenty seven hundred journalists 0:14:24.960 --> 0:14:28.200 analyist in more than a hundred twenty countries. That Michael Barr, 0:14:28.240 --> 0:14:31.160 and this is Bloomberg. Nathan Okay, Michael. Thanks at six 0:14:31.360 --> 0:14:34.920 nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios. 0:14:35.040 --> 0:14:37.920 This is Bloomberg day Break. Let's get more now on 0:14:38.080 --> 0:14:40.480 what's happening in the war in Ukraine. We're joined live 0:14:40.560 --> 0:14:43.960 once again by Bloomberg News Executive editor for International Government 0:14:44.360 --> 0:14:47.880 Rosalind Matheson. Ros. Good morning, Michael Barr. Just mentioned in 0:14:48.000 --> 0:14:51.200 the news reports of Russian missile strikes on the western 0:14:51.520 --> 0:14:55.560 city of Leviv. This is just about fifty miles from 0:14:55.600 --> 0:14:58.360 the Polish border. What does this say about where the 0:14:58.400 --> 0:15:01.800 war is going? Is Russia becoming more indiscriminated or is 0:15:01.880 --> 0:15:05.280 this a strategy potentially? Well, that's right. We had a 0:15:05.320 --> 0:15:07.400 bit of a pause in some of the missile attacks 0:15:07.440 --> 0:15:10.120 in the far western part of Ukraine, which is, as 0:15:10.200 --> 0:15:12.440 you say, very close to the Polish border, but a 0:15:12.560 --> 0:15:15.880 resumption in the last forty eight hours of missile attacks 0:15:16.000 --> 0:15:18.960 in and around the Viev and also renewed missile and 0:15:19.160 --> 0:15:23.320 bombing attempts in and around so the greater Kyev area 0:15:23.560 --> 0:15:25.280 and it seems like they're doing two things with that. 0:15:25.400 --> 0:15:28.960 One is all trying to target infrastructure, particularly to weaken 0:15:29.000 --> 0:15:31.360 sort of access to field depots and so on be 0:15:31.480 --> 0:15:34.200 the Ukrainian military, and it's possibly also just a symbolic 0:15:34.280 --> 0:15:37.000 thing to remind the Ukrainian people of the reach of 0:15:37.040 --> 0:15:40.440 the Russian military across the breadth of Ukraine. And that's 0:15:40.480 --> 0:15:44.320 after the Russians, of course have suffered severe setbacks in 0:15:44.400 --> 0:15:46.800 the northern part of Ukraine, and then of course most 0:15:46.840 --> 0:15:50.440 recently with the loss of the flagsheep black flagship black 0:15:50.480 --> 0:15:55.200 Feet carrier the Moscow, which I sank last week, perhaps 0:15:55.320 --> 0:15:57.360 just to sort of to say to the Ukrainian people, 0:15:57.520 --> 0:16:01.080 even though we're concentrating our campaign in the eastern part 0:16:01.360 --> 0:16:03.640 of Ukraine, if we want to, we can still reach 0:16:03.720 --> 0:16:08.400 you anywhere. And we're also hearing and seeing the reports 0:16:08.520 --> 0:16:11.800 of continued bombardment in the port city of Mariopol. We 0:16:11.920 --> 0:16:14.920 heard over the weekend from a number of Ukrainian officials 0:16:15.400 --> 0:16:19.280 saying that the city is all but destroyed. What could 0:16:19.360 --> 0:16:22.960 that mean for where this war goes from here? Well, 0:16:23.000 --> 0:16:25.560 that's right. The city has been basically on its knees 0:16:25.720 --> 0:16:28.880 for weeks and now fully encircled by Russian troops and 0:16:29.040 --> 0:16:32.480 yet hanging on are still not fall into completely into 0:16:32.600 --> 0:16:35.680 Russian control, and in victory there for Moscow would be 0:16:35.760 --> 0:16:39.200 a big one for Lami Putin in his war so far. 0:16:39.280 --> 0:16:41.200 It would be the biggest city by far that they've 0:16:41.280 --> 0:16:44.240 captured it. It's a major port city in the east, 0:16:44.320 --> 0:16:46.440 and we give them a base there to really launch 0:16:46.720 --> 0:16:50.000 their Dombas offensive more broadly, and would give them access 0:16:50.080 --> 0:16:52.960 to some big ports they can control some of the grain, 0:16:53.040 --> 0:16:55.400 create trade and so on, and really it would be 0:16:55.520 --> 0:16:57.720 symbolic at this point as well, on top of all 0:16:57.760 --> 0:17:00.400 the losses that they've suffered at the run. It's a 0:17:00.520 --> 0:17:03.400 huge one if they can actually gain control of that city. 0:17:03.480 --> 0:17:05.800 But as you can see, Ukrainian troops have been holding 0:17:05.880 --> 0:17:08.960 on and fiercely resisting uh and at some point that 0:17:09.040 --> 0:17:11.240 it's probably just a matter of time before that city 0:17:11.280 --> 0:17:14.119 does fall. And they have been reporting as well that 0:17:14.280 --> 0:17:18.200 the Russians haven't taken any major cities even nearly two 0:17:18.320 --> 0:17:23.000 months into this war. Is the sense that the concentration 0:17:23.520 --> 0:17:26.359 by the Russian forces is going to remain in the 0:17:26.400 --> 0:17:29.880 eastern Donbas region and in the port city of Marapole 0:17:30.080 --> 0:17:33.359 or is there still a concern that Russia could still 0:17:33.760 --> 0:17:37.080 try to take over all of the country, even with 0:17:37.320 --> 0:17:40.960 all the losses that they've suffered. At this point, I 0:17:41.119 --> 0:17:44.040 take over the whole country seems very difficult because, of course, 0:17:44.080 --> 0:17:46.920 even the western part of Ukraine is particularly European. You 0:17:47.000 --> 0:17:49.960 could argue in certain parts of the East that there 0:17:50.000 --> 0:17:52.600 are sort of a strong sentiment still is sort of 0:17:52.680 --> 0:17:56.320 somewhat support for Russia in Dombas and elsewhere. So full 0:17:56.400 --> 0:17:58.679 take I will be difficult none at least because Russian 0:17:58.720 --> 0:18:02.640 troops have been so deplete it that reinforcement still would 0:18:02.680 --> 0:18:04.960 need to come. And they probably need to get a 0:18:05.080 --> 0:18:07.639 victory at least initially for the Russian president in the 0:18:07.760 --> 0:18:09.919 East in the next couple of weeks, and they run 0:18:10.000 --> 0:18:12.120 up to May nine, which is their anniversary of their 0:18:12.200 --> 0:18:14.800 victory day, and world will twosa he's got something to 0:18:14.840 --> 0:18:16.840 show for it, So it's probably best if they really 0:18:16.920 --> 0:18:19.960 focus their efforts there and then regroup after that. But 0:18:20.040 --> 0:18:22.000 at this point it's it's it's hard to see how 0:18:22.040 --> 0:18:24.399 they can extend much further beyond the areas in the 0:18:24.480 --> 0:18:26.520 east and the southeast that they seek to control. As 0:18:26.560 --> 0:18:29.520 an initial step, yeah, we are looking to May nine 0:18:29.680 --> 0:18:32.680 as a potential pivot point in this war rise in 0:18:32.760 --> 0:18:36.359 our last minute here, where could things be going in 0:18:36.560 --> 0:18:40.840 terms of negotiations? Obviously we've heard from both leaders saying 0:18:40.840 --> 0:18:43.760 that negotiations are at a dead end. Here is there 0:18:43.800 --> 0:18:46.879 anything happening behind the scenes that our teams have been 0:18:46.960 --> 0:18:52.720 reporting in terms of talks between Russia and Ukraine. We 0:18:52.840 --> 0:18:54.920 do know that the video talks have been going on 0:18:55.040 --> 0:18:58.480 regardless as have been a more negotiator level than anything 0:18:58.560 --> 0:19:02.040 too serious. But we also that the Russian billionaire Roman 0:19:02.119 --> 0:19:05.720 Abramovich has been in Ukraine and he's been something of 0:19:05.760 --> 0:19:08.960 a mediator, self styed mid stealth style mediator perhaps so 0:19:09.080 --> 0:19:12.320 far in this conflict, but certainly attempting to sort of 0:19:12.760 --> 0:19:15.880 support greater talks between Russian and Ukraine. And he's been 0:19:15.920 --> 0:19:18.560 back in Ukraine again the past few days, which is 0:19:18.600 --> 0:19:20.600 perhaps just a glimmer of hope that that that we 0:19:20.720 --> 0:19:22.879 might get to a point where we can get to 0:19:23.040 --> 0:19:25.160 the table again, at least at the foreign minister level 0:19:25.280 --> 0:19:28.480 sometimes seen but certainly really big obstacles to a fully 0:19:28.480 --> 0:19:32.399 fledged peace agreement happening anytime soon. Thanks as always, ros 0:19:32.560 --> 0:19:35.040 good having you on with us. Roslyn Mathis and Executive 0:19:35.119 --> 0:19:39.320 editor for International Government for Bloomberg News. SFP futures right 0:19:39.359 --> 0:19:42.320 now down twenty points down, futures down ninety three, Dancedack 0:19:42.400 --> 0:19:45.960 futures down eighty six points, and the tenure Treasury is 0:19:46.000 --> 0:19:49.760 down five thirty seconds yield two point eight four percent. 0:19:50.280 --> 0:19:53.720 Just ahead, pressure on President Biden to visit Ukraine, and 0:19:54.000 --> 0:19:57.720 Bank of America wraps up big bank earnings. Five things 0:19:57.760 --> 0:19:59.840 you need to know to start your day Just to 0:20:00.040 --> 0:20:08.520 head on Bloomberg Day Brain Bloomberg eleven three oh weather 0:20:08.560 --> 0:20:11.440 frost advisors and freeze warnings for the far Northwest suburbs 0:20:11.480 --> 0:20:14.240 and parts of Long Island will have a late rain 0:20:14.359 --> 0:20:17.600 possible with highs in the mid fifties. Sunshine returns tomorrow 0:20:17.800 --> 0:20:23.879 Right now forty one in Central Park, broadcasting live from 0:20:23.960 --> 0:20:27.720 the Bloomberg Interacted Broker's studio in New York. Bloomberg E 0:20:27.840 --> 0:20:31.040 Looming Freedom to Washington, d C, Bloomberg ninety nine one 0:20:31.200 --> 0:20:34.400 to Boston, Bloomberg What Old six one to San Francisco, 0:20:34.480 --> 0:20:37.919 Bloomberg n sixt to the Country, Sirius XM Gento one 0:20:38.040 --> 0:20:41.119 nineteen and around the globe, The Bloomberg Business APT and 0:20:41.200 --> 0:20:50.800 Bloomberg Radio dot Com This is Bloomberg Daybreak mid sixty 0:20:50.840 --> 0:20:53.320 on Wall Street. Good morning, I'm Nathan Hagar and I'm 0:20:53.400 --> 0:20:56.040 Karen Moscow. We are about three hours away from the 0:20:56.080 --> 0:20:58.200 open of US trading. It's time for the five things 0:20:58.240 --> 0:21:00.200 you need to notice start your day. Brought to you 0:21:00.359 --> 0:21:03.800 buy Interactive Brokers Global Analysts. It helps you find you 0:21:03.880 --> 0:21:08.600 global investment opportunities to diversify your portfolio and discover undervalued 0:21:08.640 --> 0:21:11.320 companies that may have greater growth potential. Try i v 0:21:11.440 --> 0:21:14.679 k R Global Analysts today at ibkr dot com slash 0:21:14.760 --> 0:21:18.800 g at First. The war in Ukraine. Russian forces have 0:21:18.960 --> 0:21:22.359 encircled the port city of Mariopol, but defenders have yet 0:21:22.400 --> 0:21:26.040 to surrender. Ukrainian President Vladimir z Lenski says talks to 0:21:26.080 --> 0:21:28.600 the Russian president Vladimir Putin are at a dead end, 0:21:28.840 --> 0:21:31.160 and tell CNN he hopes for a visit from US 0:21:31.200 --> 0:21:37.240 President Joe Biden. I think and I think he's it's 0:21:37.320 --> 0:21:42.240 his decision, of course, and and about the safety situation depends. 0:21:42.680 --> 0:21:46.040 Ukrainian President vladimir's Lenski wants Boughten to visit, but m 0:21:46.160 --> 0:21:48.840 House Press Secretary Jen Saki says not if the president 0:21:48.920 --> 0:21:51.639 nor Vice President Kamala Harris will make the trip I 0:21:51.720 --> 0:21:55.040 meantime in Washington, Karen. Federal Reserve Chair Jerome Palace set 0:21:55.119 --> 0:21:57.240 to speak Thursday out of the U S Central Banks 0:21:57.359 --> 0:22:00.800 quiet period. He may reinforce sentiment the federals interest rates 0:22:00.880 --> 0:22:03.640 by a half percentage point next month. The Fed's next 0:22:03.720 --> 0:22:07.119 meeting begins May three, well as the Federal Reserved titans 0:22:07.160 --> 0:22:10.760 monetary policy. Nathan one major Bank says there's more than 0:22:10.800 --> 0:22:13.640 a one in three chance the US will enter a recession, 0:22:13.680 --> 0:22:16.320