Speaker 1: My from the Bloomberg Interactive Burger Studios is Bloomberg Daybreak
Speaker 1: for Monday, April eight teen two. Coming up this hour,
Speaker 1: Russia surrounds the port city of Mario paul Is. The
Speaker 1: war in Ukraine intensifies the US natural gas searches to
Speaker 1: a thirteen year high. J Powell may Reinforce bets that
Speaker 1: the FED raises infrastrates by a half percentage point next month.
Speaker 1: And Make of America kicks off a busy week of earnings.
Speaker 1: New York's mayor and police commission their address shootings in
Speaker 1: the city. Plus officials in New Jersey are looking into
Speaker 1: a link between a high school and brain cancer. Hi,
Speaker 1: Michael barn More, I have I'm done Stage Sharon Sports
Speaker 1: Part Break for the Nets. They lost at the Plazza
Speaker 1: in Boston. The Mets one five en up in the
Speaker 1: Yankees lost five to nothing. That's all straight ahead on
Speaker 1: Bloomberg Daybreak on Bloomberg eleven Trio, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius x M one ninete and around the
Speaker 1: world on Bloomberg Radio dot Com and via the Bloomberg
Speaker 1: Business App. Good morning, I'm Nathan Hagar and I'm Karen.
Speaker 1: Moscow and US not Index futures are lower this morning.
Speaker 1: We are coming up to six oh one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg. U S and P future is
Speaker 1: down twenty three points and down features down one hundred
Speaker 1: three NASDAG features down nineties seven. Ten year treasury down
Speaker 1: four thirty seconds, yield two point eight four percent, a
Speaker 1: yield on the two year two point four eight percent.
Speaker 1: Nimex crude oil is down a quarter percent, or twenty
Speaker 1: seven cents at a hundred six dollars sixty eight cents
Speaker 1: of barrel. Comex gold is at one point one percent,
Speaker 1: or twenty one dollar sixty cents at nineteen ninety six
Speaker 1: sixty announced. And again they yield on the ten year
Speaker 1: treasury two point eight four percent. Nathan, all right, Karen,
Speaker 1: we'll have more on the markets in a minute. First,
Speaker 1: the latest on the war. The Russian military has the
Speaker 1: ports city of Maripolese surrounded as it prepares for a
Speaker 1: new offensive in the eastern don Boss region. Meantime, you
Speaker 1: crate in officials say at least six people have been
Speaker 1: killed in Russian strikes on Laviv. It's a western city
Speaker 1: that's been a haven for people fleeing the war. We
Speaker 1: get more in this report from Amy Morris in our
Speaker 1: Bloomberg newsroom in Washington. In his daily address, Ukrainian President
Speaker 1: vladimir's Olinsky reiterated his country's resolved to fight the Russian
Speaker 1: forces in the don Bass region, saying that peace talks
Speaker 1: with Russia have reached a dead end. Ukrainian Prime Minister
Speaker 1: Dennis Jamail tells ABC's this week their forces remain ready
Speaker 1: to defend Ukraine. Quote to the end. We still are
Speaker 1: fighting and we have bottled in don Bas region right now,
Speaker 1: but we do not U do not have intention to
Speaker 1: s Meanwhile, Ukrainian officials will be in Washington for this
Speaker 1: week's meetings of the International Monetary Fund and the World
Speaker 1: Bank to look for financial support in Washington. I'm Amy Morris,
Speaker 1: Bloomberg Daybreak, Amy, thank you. President Zelinski is urging their
Speaker 1: prey is it into the United States to visit Kiev
Speaker 1: and see the devastation for himself. Ukrainian Foreign Minister Dmitro
Speaker 1: Kuleba says a meeting between the two leaders could pay
Speaker 1: the way for new supplies and weapons, as well as
Speaker 1: discussions on ending the war. We would be happy to
Speaker 1: see him in our country and it would be an
Speaker 1: important message of support to US and Foreign Minister kuleba
Speaker 1: s book on CBS Space The Nation, heard Sundays on
Speaker 1: Bloomberg Radio. White House sates have said they hope to
Speaker 1: send a senior official to Ukraine in the coming days.
Speaker 1: President Biden has said he wants to visit, but the
Speaker 1: White House says neither he nor Vice President Harris will
Speaker 1: make the trip. Well. The war in Ukraine is continuing
Speaker 1: to have an impact on energy markets. Karen us natural
Speaker 1: gas prices are trading at a thirteen year high this morning.
Speaker 1: Suppliers are struggling to meet a post pandemic surgeon consumption. Well.
Speaker 1: Turning to the economy now, Nathan J. Powell may reinforce
Speaker 1: bets at the Federal Reserve or race interest rates by
Speaker 1: fifty basis points next month. The Fed chair will speak
Speaker 1: at two events on Thursday, including a panel hosted by
Speaker 1: the International Monetary Fund, aheaded out the fan issues It's
Speaker 1: Your Port Card in the US Economy. On Wednesday at
Speaker 1: Bloomberg's Vinidale Judais reports the magnitude of upcoming interest rate
Speaker 1: increases may well depend on the Fed's economic intelligence. The
Speaker 1: Beige Book will provide fodder for next month's policy meeting.
Speaker 1: Inflation is running at the fastest pace since the early
Speaker 1: nineteen eighties, and the prior page book reported an elevated
Speaker 1: degree of uncertainty. Also on this week's economic calendar, variety
Speaker 1: figures on the property market, builder confidence, housing starts, and
Speaker 1: existing home sales. Rising mortgage rates are an issue. Ni
Speaker 1: Del Bloombergday Break. Alright, Vinnie, thank you know. History suggests
Speaker 1: the Fed will face a difficult task in tightening monitary
Speaker 1: policy enough to cool inflation without causing a recession. Let's
Speaker 1: get more on that line from Bloomberg's Jnina Young. Good morning, Granita,
Speaker 1: Good morning Nathan. There's about a thirty five risk of
Speaker 1: a recession over the next two years. That's according to
Speaker 1: Goldman Sex. Economists there say the fifth main challenge is
Speaker 1: to reduce used the gap between jobs and workers and
Speaker 1: slow wage growth to a pace consistent with its two
Speaker 1: percent inflation goal. They say the FED would need to
Speaker 1: do that by tightening financial conditions enough to reduce job
Speaker 1: openings without sharply raising unemployment, but achieving a so called
Speaker 1: soft landing may be tough. Historically, large declines in the
Speaker 1: gap in the US have only occurred during recessions, and
Speaker 1: Goldman's Chief Economists says the recession is not inevitable because
Speaker 1: post COVID normalizations in labor supply and durable goods prices
Speaker 1: will help the fit live in New York, I'm rened
Speaker 1: a young Bloomberg day break al right, reneed to thank
Speaker 1: you all. Turning to the equity markets, Much of Europe,
Speaker 1: along with Australia and Hong Kong, remains shut for Easter,
Speaker 1: but earnings remain in focus for nearly seventy companies in
Speaker 1: the SNP five hundred reporting this week, as Bloomberg Channelly
Speaker 1: Bosti reports, banks will once again be front and center
Speaker 1: this morning as Bank of America reports earnings today. Investors
Speaker 1: will keep an eye on whether or not interest income
Speaker 1: will continue to rise as interest rates rise, or will
Speaker 1: interest rates start to pack consumer demands for loans. Trading
Speaker 1: has also held up that most of the major banks,
Speaker 1: despite investor's fears of a major slowdown well Bank of
Speaker 1: America also be able to keep steady and equities trading
Speaker 1: and fixed income in commodities as some of the other
Speaker 1: banks have started to benefit more than investors expected. In
Speaker 1: New York, I'm Shnali Bassik Bloomberg Daybreak, All right, Shinali,
Speaker 1: thank you. Shares of Twitter are higher in early trading.
Speaker 1: Is the Elon Musk saga continues over the weekend, must
Speaker 1: said the economic interests of Twitter's board are not aligned
Speaker 1: with shareholders. Musk tweeted those comments after the social media
Speaker 1: company took steps to ward off his takeover attempt. Well Nathan.
Speaker 1: Shares of China's d D Global are down more than
Speaker 1: twenty percent of the company said it will hold an
Speaker 1: extraordinary general meeting next month to vote on delisting its
Speaker 1: shares from the New York Stock Exchange. Is to sign
Speaker 1: the right Handling Giant is heating Beijing's call to address
Speaker 1: concerns about how it's data is handled abroad, and turning
Speaker 1: to the pandemic Karen Shanghai has reported its first deaths
Speaker 1: in the midst of China's biggest COVID flare up, tens
Speaker 1: of millions of barred from leaving their homes. That's led
Speaker 1: to criticism that China's zero COVID policy is inflicting too
Speaker 1: heavy a social and economic toll SMP futures now down
Speaker 1: twenty one points down, futures down ninety four danced deck
Speaker 1: futures lower by points. Straight ahead, your latest local headlines
Speaker 1: and a check of sports. This is Bloomberg six oh
Speaker 1: seven on Wall Street where forty one degrees in Central Park.
Speaker 1: We've gotta crash on the southbound Iconic by Peekskill Hollow Road.
Speaker 1: Details coming up in Traffic First. Michael Barr with more
Speaker 1: on what's going on in New York and around the world. Michael,
Speaker 1: thank you very much. Nathan. New York City residents are
Speaker 1: still recovering from the terrifying shooting of ten people inside
Speaker 1: the New York City subway and a subsequent thirty man hunt.
Speaker 1: It comes as many New Yorkers are sharing their fears
Speaker 1: of rising crimes in the city. New York Mayor Eric
Speaker 1: Adams says that people should stay vigilant when the encounter violence,
Speaker 1: both on the street and on the web. I think
Speaker 1: social media must step up. There's a corporate responsibility. When
Speaker 1: we are watching hate brew online, we could identify using
Speaker 1: artificial intelligence and other methods to identify those who are
Speaker 1: talking about violence. New York City Police Commissioner Teaching Sewell
Speaker 1: agrees with the Mayor Adams and praised the work of
Speaker 1: the entire city last week. We had a number of
Speaker 1: people looking for him, hundreds of detectors looking for him.
Speaker 1: But I think one of the key factors also is
Speaker 1: our false force multiplayer, which are the eyes and ears
Speaker 1: of our incredible New Yorkers, and we were able to
Speaker 1: bring him into custody. Commissioners Sewell and Mayor Adams spoke
Speaker 1: on ABC's This Week, which can be heard Sundays on Bloomberg.
Speaker 1: New Jersey officials are investigating a possible alarming link between
Speaker 1: cases of brain cancer and students and staff at Colonia
Speaker 1: High School in the town of Woodbridge. Spanning about three decades.
Speaker 1: So far, a hundred five people have contracted brain tumors,
Speaker 1: about half of them cancerous. Environmental engineers are now testing
Speaker 1: the grounds for contamination. Dr Rief Kamal is the Chief
Speaker 1: Patient officer for the American Cancer Society. To see any
Speaker 1: number in the dozens in any particular area, even over
Speaker 1: a period of twenty five years, is highly unusual and
Speaker 1: requires some investigation. Dr Reef Kamal says the results are
Speaker 1: expected at the end of the month. Philadelphia is bringing
Speaker 1: back the indoor mask mandate today due to a rise
Speaker 1: in COVID infections of the mandates are returning. Mask mandates
Speaker 1: are returning today to the University of Connecticut. A man
Speaker 1: hunt is underway for the gunman in another mass shooting,
Speaker 1: this one claiming two teenage boys in Pittsburgh at the
Speaker 1: crowded party in an Airbnb rented house. Eight others were wounded.
Speaker 1: Police believe a fight led to the drawing of multiple weapons.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. Michael
Speaker 1: var And this is Bloomberg Natham. Thanks Michael almost six
Speaker 1: tent on Walster time for the Bloomberg Sports Update with
Speaker 1: John Show. Thank Nathan. A lot of hype for this
Speaker 1: first round playoff series that began in Boston. Game one
Speaker 1: did not disappoint for excitement. The Nets went from down
Speaker 1: fifteen to up five. They're up one when a Kevin
Speaker 1: Durant miss led to the final possession. Here's how it
Speaker 1: sounded w b Z in Boston not seconds ago. Taylor
Speaker 1: turns the corner on Drucket eight seconds kick out. Let's
Speaker 1: not smart, I'll pick find the cutter. Tatums up the
Speaker 1: buser e's ober eber the Sunda one fifteen one fourteen.
Speaker 1: Jayson Tatum played at all but three minutes, score thirty
Speaker 1: one points. Kyrie Irving pored in thirty nine. He had
Speaker 1: eighteen in the fourth quarter. Each shot he made seemingly
Speaker 1: was harder than the last one. Durant held the twenty
Speaker 1: three shots, just nine of twenty four. It's just an epic.
Speaker 1: Game one and Game two is Wednesday in Boston. The
Speaker 1: home teams all won. Miami easily over Atlanta, Milwaukee meet Chicago,
Speaker 1: Phoenix beeat New Orleans. The Mets have now played three series.
Speaker 1: They've won them all, five not being over Arizona City
Speaker 1: field is David Peterston and four relievers helped the be
Speaker 1: back to the five hits to run over for Peter
Speaker 1: Lons always already got the fourteen RBIs to lead the league.
Speaker 1: That tost the Giants. Tonight, Yankee bats again quiet in Baltimore.
Speaker 1: The Oriols won five nothing, scoring all five in the
Speaker 1: eighth inning Yanks that only four hits all singles. They
Speaker 1: struck out ten times in two losses. Of the lowly Oriols,
Speaker 1: they scored one run in twenty in It's Golf at
Speaker 1: Hilton had Jordan speed at along late bunker shot with
Speaker 1: an inches of the whole, not ting him to a playoff.
Speaker 1: Smith won the playoff over Patrick Camley, John stashually were
Speaker 1: Bloomberg Sports Snathan Okay, John, thanks right now. SMP futures
Speaker 1: are down twenty points, Stown futures down ninety, NASTAC futures
Speaker 1: down eighty six. Most European markets are closed for this
Speaker 1: day after Easter ten. Your treasury is down five thirty seconds.
Speaker 1: The yield two point four percent, yield on the two
Speaker 1: year two point four six percent. The very latest on
Speaker 1: the war in Ukraine will be checking in next with
Speaker 1: Bloomberg Exact Getive editor for International Fairs Rosalind Matheson. This
Speaker 1: is Bloomberg Bloomberg eleven three or whether we got frost wire,
Speaker 1: friseries and freeze warnings for the Northwest suburbs and parts
Speaker 1: of Long Island mid fifties today. Sunshine returns tomorrow will
Speaker 1: be in the mid fifties then as well, currently forty
Speaker 1: one in Central Park markets. Headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot com Blo Bloomberg
Speaker 1: Business Out and at Bloomberg Quicktape, She's a Bloomberg Business
Speaker 1: Flash and I'm Karen Moscow US Knock Index futures are
Speaker 1: lower and treasury yields are rising as investors way the
Speaker 1: prospects of faster policy tiening by the Fed. We checked
Speaker 1: the markets every fifteen minutes throughout the trading day on
Speaker 1: Bloomberg s and P futures down twenty one point and
Speaker 1: down futures down ninety five. Nasday futures down eight ten,
Speaker 1: Your treasury down five thirties seconds. You're two point eight
Speaker 1: four percent. The yield on a two year two point
Speaker 1: four seven percent. NIMEX screwed oils down a quarter percent
Speaker 1: or twenty six cents and a hundred six dollars sixty
Speaker 1: nine cents of barrel COMEXS Gold is up one point
Speaker 1: one percent or twenty one dollars announced. The euro one
Speaker 1: point oh seven nine four against the dollar, British found
Speaker 1: one point three zero one one and again is at
Speaker 1: one twenty six point six one Bitcoin down three point
Speaker 1: two percent at thirty eight thousand, nine hundred eighty dollars.
Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Karn.
Speaker 1: Ukrainian officials say Russian missile strikes on the western Ukrainian
Speaker 1: city of Leviv have killed six people. Lviv's regional governors
Speaker 1: said there were four strikes today. US Treasury officials blame
Speaker 1: the i r s IS outsized number of audits on
Speaker 1: low income households on severe underfunding of the agency by Congress.
Speaker 1: They were responding to a study from Syracuse University showing
Speaker 1: households making less than twenty five thousand dollars were almost
Speaker 1: three times as likely to get audited into Acts AR
Speaker 1: one and those making two hundred thousand to a million dollars. Meanwhile,
Speaker 1: don't forget for most of us, today is the tax
Speaker 1: deadline unless you file for an extension. Game one of
Speaker 1: their NBA playoff series, the Celtics beat the Nets one
Speaker 1: fifteen one fourteen in the NHL. The Islanders lost Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists
Speaker 1: analyist in more than a hundred twenty countries. That Michael Barr,
Speaker 1: and this is Bloomberg. Nathan Okay, Michael. Thanks at six
Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg day Break. Let's get more now on
Speaker 1: what's happening in the war in Ukraine. We're joined live
Speaker 1: once again by Bloomberg News Executive editor for International Government
Speaker 1: Rosalind Matheson. Ros. Good morning, Michael Barr. Just mentioned in
Speaker 1: the news reports of Russian missile strikes on the western
Speaker 1: city of Leviv. This is just about fifty miles from
Speaker 1: the Polish border. What does this say about where the
Speaker 1: war is going? Is Russia becoming more indiscriminated or is
Speaker 1: this a strategy potentially? Well, that's right. We had a
Speaker 1: bit of a pause in some of the missile attacks
Speaker 1: in the far western part of Ukraine, which is, as
Speaker 1: you say, very close to the Polish border, but a
Speaker 1: resumption in the last forty eight hours of missile attacks
Speaker 1: in and around the Viev and also renewed missile and
Speaker 1: bombing attempts in and around so the greater Kyev area
Speaker 1: and it seems like they're doing two things with that.
Speaker 1: One is all trying to target infrastructure, particularly to weaken
Speaker 1: sort of access to field depots and so on be
Speaker 1: the Ukrainian military, and it's possibly also just a symbolic
Speaker 1: thing to remind the Ukrainian people of the reach of
Speaker 1: the Russian military across the breadth of Ukraine. And that's
Speaker 1: after the Russians, of course have suffered severe setbacks in
Speaker 1: the northern part of Ukraine, and then of course most
Speaker 1: recently with the loss of the flagsheep black flagship black
Speaker 1: Feet carrier the Moscow, which I sank last week, perhaps
Speaker 1: just to sort of to say to the Ukrainian people,
Speaker 1: even though we're concentrating our campaign in the eastern part
Speaker 1: of Ukraine, if we want to, we can still reach
Speaker 1: you anywhere. And we're also hearing and seeing the reports
Speaker 1: of continued bombardment in the port city of Mariopol. We
Speaker 1: heard over the weekend from a number of Ukrainian officials
Speaker 1: saying that the city is all but destroyed. What could
Speaker 1: that mean for where this war goes from here? Well,
Speaker 1: that's right. The city has been basically on its knees
Speaker 1: for weeks and now fully encircled by Russian troops and
Speaker 1: yet hanging on are still not fall into completely into
Speaker 1: Russian control, and in victory there for Moscow would be
Speaker 1: a big one for Lami Putin in his war so far.
Speaker 1: It would be the biggest city by far that they've
Speaker 1: captured it. It's a major port city in the east,
Speaker 1: and we give them a base there to really launch
Speaker 1: their Dombas offensive more broadly, and would give them access
Speaker 1: to some big ports they can control some of the grain,
Speaker 1: create trade and so on, and really it would be
Speaker 1: symbolic at this point as well, on top of all
Speaker 1: the losses that they've suffered at the run. It's a
Speaker 1: huge one if they can actually gain control of that city.
Speaker 1: But as you can see, Ukrainian troops have been holding
Speaker 1: on and fiercely resisting uh and at some point that
Speaker 1: it's probably just a matter of time before that city
Speaker 1: does fall. And they have been reporting as well that
Speaker 1: the Russians haven't taken any major cities even nearly two
Speaker 1: months into this war. Is the sense that the concentration
Speaker 1: by the Russian forces is going to remain in the
Speaker 1: eastern Donbas region and in the port city of Marapole
Speaker 1: or is there still a concern that Russia could still
Speaker 1: try to take over all of the country, even with
Speaker 1: all the losses that they've suffered. At this point, I
Speaker 1: take over the whole country seems very difficult because, of course,
Speaker 1: even the western part of Ukraine is particularly European. You
Speaker 1: could argue in certain parts of the East that there
Speaker 1: are sort of a strong sentiment still is sort of
Speaker 1: somewhat support for Russia in Dombas and elsewhere. So full
Speaker 1: take I will be difficult none at least because Russian
Speaker 1: troops have been so deplete it that reinforcement still would
Speaker 1: need to come. And they probably need to get a
Speaker 1: victory at least initially for the Russian president in the
Speaker 1: East in the next couple of weeks, and they run
Speaker 1: up to May nine, which is their anniversary of their
Speaker 1: victory day, and world will twosa he's got something to
Speaker 1: show for it, So it's probably best if they really
Speaker 1: focus their efforts there and then regroup after that. But
Speaker 1: at this point it's it's it's hard to see how
Speaker 1: they can extend much further beyond the areas in the
Speaker 1: east and the southeast that they seek to control. As
Speaker 1: an initial step, yeah, we are looking to May nine
Speaker 1: as a potential pivot point in this war rise in
Speaker 1: our last minute here, where could things be going in
Speaker 1: terms of negotiations? Obviously we've heard from both leaders saying
Speaker 1: that negotiations are at a dead end. Here is there
Speaker 1: anything happening behind the scenes that our teams have been
Speaker 1: reporting in terms of talks between Russia and Ukraine. We
Speaker 1: do know that the video talks have been going on
Speaker 1: regardless as have been a more negotiator level than anything
Speaker 1: too serious. But we also that the Russian billionaire Roman
Speaker 1: Abramovich has been in Ukraine and he's been something of
Speaker 1: a mediator, self styed mid stealth style mediator perhaps so
Speaker 1: far in this conflict, but certainly attempting to sort of
Speaker 1: support greater talks between Russian and Ukraine. And he's been
Speaker 1: back in Ukraine again the past few days, which is
Speaker 1: perhaps just a glimmer of hope that that that we
Speaker 1: might get to a point where we can get to
Speaker 1: the table again, at least at the foreign minister level
Speaker 1: sometimes seen but certainly really big obstacles to a fully
Speaker 1: fledged peace agreement happening anytime soon. Thanks as always, ros
Speaker 1: good having you on with us. Roslyn Mathis and Executive
Speaker 1: editor for International Government for Bloomberg News. SFP futures right
Speaker 1: now down twenty points down, futures down ninety three, Dancedack
Speaker 1: futures down eighty six points, and the tenure Treasury is
Speaker 1: down five thirty seconds yield two point eight four percent.
Speaker 1: Just ahead, pressure on President Biden to visit Ukraine, and
Speaker 1: Bank of America wraps up big bank earnings. Five things
Speaker 1: you need to know to start your day Just to
Speaker 1: head on Bloomberg Day Brain Bloomberg eleven three oh weather
Speaker 1: frost advisors and freeze warnings for the far Northwest suburbs
Speaker 1: and parts of Long Island will have a late rain
Speaker 1: possible with highs in the mid fifties. Sunshine returns tomorrow
Speaker 1: Right now forty one in Central Park, broadcasting live from
Speaker 1: the Bloomberg Interacted Broker's studio in New York. Bloomberg E
Speaker 1: Looming Freedom to Washington, d C, Bloomberg ninety nine one
Speaker 1: to Boston, Bloomberg What Old six one to San Francisco,
Speaker 1: Bloomberg n sixt to the Country, Sirius XM Gento one
Speaker 1: nineteen and around the globe, The Bloomberg Business APT and
Speaker 1: Bloomberg Radio dot Com This is Bloomberg Daybreak mid sixty
Speaker 1: on Wall Street. Good morning, I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow. We are about three hours away from the
Speaker 1: open of US trading. It's time for the five things
Speaker 1: you need to notice start your day. Brought to you
Speaker 1: buy Interactive Brokers Global Analysts. It helps you find you
Speaker 1: global investment opportunities to diversify your portfolio and discover undervalued
Speaker 1: companies that may have greater growth potential. Try i v
Speaker 1: k R Global Analysts today at ibkr dot com slash
Speaker 1: g at First. The war in Ukraine. Russian forces have
Speaker 1: encircled the port city of Mariopol, but defenders have yet
Speaker 1: to surrender. Ukrainian President Vladimir z Lenski says talks to
Speaker 1: the Russian president Vladimir Putin are at a dead end,
Speaker 1: and tell CNN he hopes for a visit from US
Speaker 1: President Joe Biden. I think and I think he's it's
Speaker 1: his decision, of course, and and about the safety situation depends.
Speaker 1: Ukrainian President vladimir's Lenski wants Boughten to visit, but m
Speaker 1: House Press Secretary Jen Saki says not if the president
Speaker 1: nor Vice President Kamala Harris will make the trip I
Speaker 1: meantime in Washington, Karen. Federal Reserve Chair Jerome Palace set
Speaker 1: to speak Thursday out of the U S Central Banks
Speaker 1: quiet period. He may reinforce sentiment the federals interest rates
Speaker 1: by a half percentage point next month. The Fed's next
Speaker 1: meeting begins May three, well as the Federal Reserved titans
Speaker 1: monetary policy. Nathan one major Bank says there's more than
Speaker 1: a one in three chance the US will enter a recession,
Speaker 1: and again more alive from Bloomberg's renied to Young, Good
Speaker 1: Morning Nida, Good morning Karen, there's about a thirty five
Speaker 1: percent risk of a recession over the next two years.
Speaker 1: That's according to Goldman Sex. Economists there say the Fed's
Speaker 1: main challenge is to reduce the gap between jobs and
Speaker 1: workers and slow wage growth to a pace consistent with
Speaker 1: its two percent inflation goal. They say the FED would
Speaker 1: need to do that by tightening financial conditions enough to
Speaker 1: reduce job openings without sharply raising unemployment, but achieving a
Speaker 1: so called soft landing may be tough. Historically, large declines
Speaker 1: in the gap in the US have only occurred during recessions,
Speaker 1: and Goldman's chief economists says the recession is not inevitable
Speaker 1: because post COVID normalizations in labor supply and endurable goods
Speaker 1: prices will help the Fed. Live in New York, I'm
Speaker 1: reneed a young Bloombirth day break. All right, we need
Speaker 1: a thanks. Turning to Wall Street, it's a busy week
Speaker 1: of earnings. Bank of America leads the way as nearly
Speaker 1: seventy companies in the SNP five report this week, and
Speaker 1: Equity Marcus in much of Europe, along with Australia and
Speaker 1: Hong Kong remains shot. For Eastern Nathan Natural Gas search
Speaker 1: to a thirteen year high, raising concerns about a global
Speaker 1: fuel crunch and long term inflation. Oil reversed earlier gains.
Speaker 1: And that's the five things you need to know to
Speaker 1: start your day, brought to you by Interactive Brokers and
Speaker 1: straight Ahead your latest local headlines, plus a check of sports.
Speaker 1: And this is Bloomberg. Thanks Karen sixty three On Wall Street,
Speaker 1: forty two degrees in Central Park, we have an accident
Speaker 1: on the inbound lower level of the fifty ninth Street
Speaker 1: bridge that Peter Van will tell you about in just
Speaker 1: a few minutes. First, Michael Barr with more on what's
Speaker 1: going on in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. Many New Yorkers are sharing their fears
Speaker 1: about crime after last week's terrifying shooting of ten people
Speaker 1: inside the New York Cities subway and a subsequent thirty
Speaker 1: hour manhunt. New York City Police Commissioner Teaching Sewells says
Speaker 1: that after the subway shooting, the NYPD will be putting
Speaker 1: a new emphasis on building greater ties with the community.
Speaker 1: We keep saying that public safety has shared responsibility. This
Speaker 1: recent case illustrates just that, and everyone came together. So
Speaker 1: we need to build strength in our communities with the police.
Speaker 1: Mayor Eric Adams agrees with Commissioners Sewell and says crime
Speaker 1: is hurting big cities all across America. Now, I say,
Speaker 1: over and over again, there are many rivers that feed
Speaker 1: the sea of violence. This is a national issue. That's
Speaker 1: not a rest state. Blue state and fat rest states
Speaker 1: experienced a higher murder murder rate then Blue states. Mayor
Speaker 1: Adams and Commissioners Sewell spoke on ABC's This Week We
Speaker 1: Can be Heard Sundays on Bloomberg. Two teams are dead
Speaker 1: and eight other people are wounded after a shooting an
Speaker 1: house party in Pittsburgh. Police say it happened at a
Speaker 1: rented Airbnb. Investigators say they were roughly two hundred people
Speaker 1: inside the home when the gunfire erupted. Police are still
Speaker 1: looking for the shooter. New Jersey officials in Woodbridge are
Speaker 1: investigating a possible alarming link between cases of brain cancer
Speaker 1: and students and staff at Colonia High School. In the
Speaker 1: past three decades, one people have contracted brain tumors, about
Speaker 1: half of them cancerous. Environmental engineers are now testing the
Speaker 1: grounds for contamination. Doctor a Reef Kamal is the Chief
Speaker 1: Patient Officer for the American Cancer Society. I'm pretty concerned,
Speaker 1: and if I were a parent or a community member,
Speaker 1: I would want to know a little bit more about
Speaker 1: what's happening. Brain tumors are relatively rare. Dr Kamal says
Speaker 1: the results are expected at the end of the month.
Speaker 1: Philadelphia is bringing back mask mandates today. It comes as
Speaker 1: there's a steady increase in cases for the b a
Speaker 1: T subvariant of COVID nineteen noted in many states. White
Speaker 1: House COVID nineteen Response Coordinator Dr ashi's Jah says, just
Speaker 1: because this strain appears to be minor doesn't mean the
Speaker 1: threat from COVID as a whole disappears. The pandemic is
Speaker 1: not over as much as we all wish it were. Um,
Speaker 1: we've were in much much better shape than we were,
Speaker 1: but we've got to keep plugging away. Dr John spoke
Speaker 1: on ABC's This Week, which can't be here at Sundays
Speaker 1: on Bloomberg Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty
Speaker 1: seven under journalist and analysts more than a d twenty countries.
Speaker 1: Michael Barrn, this is Bloomberg. Nathan. All right, Michael, thank you.
Speaker 1: Almost six thirty six on Wall Street time for the
Speaker 1: Bloomberg Sports Update with John says, Thanks Nathan, it's only
Speaker 1: game one, it's only a first round series. You had
Speaker 1: a classic yesterday in Boston between the Celtics and Nets,
Speaker 1: a taste of what could be a long series. The
Speaker 1: Celtics were up fifteen and the third quarter, and then
Speaker 1: the Nets went up by five and the fourth Boston
Speaker 1: pulled it out one fourteen on a Jason Tatum lay
Speaker 1: up at the buzz or you set up a Marcus
Speaker 1: smart pass and Tatum able to twist away from Kyrie Irving,
Speaker 1: who in defeat, put on a show for the Nets
Speaker 1: in the fourth quarter eighteen fourth quarter points, many of
Speaker 1: Kyrie shots with a high degree of difficulty the playoffs,
Speaker 1: So there there's a level of efficiency that you want
Speaker 1: to have throughout the possessions that you're able to play
Speaker 1: uh in a game like this. So I was just
Speaker 1: really zeroed in on what the mission was, what the
Speaker 1: goal was, and it was just to play our best basketball,
Speaker 1: weather the storm, deal with the ups and downs. Know
Speaker 1: that they're gonna make runs. We're gonna make run every
Speaker 1: finished with thirty nine the Excel. They heard it from
Speaker 1: Boston fans and he responded a couple of middle finger salutes.
Speaker 1: Game too Wednesday in Boston, the Mets won five nothing
Speaker 1: while the Yankees lost five nothing. Mets in Diamondbacks scoreless
Speaker 1: until the sixth day. The Mets one of the combined
Speaker 1: five hits shutout and they're off to a seven and
Speaker 1: three start. Yankees and Orioles scoreless until the eighth nester
Speaker 1: Cortes terrific on the mountain for the yankt struck out
Speaker 1: twelve in five innings. He had an immaculate inning in
Speaker 1: the fourth, three strikeouts on nine pitchers and Cortes and
Speaker 1: two starts yet to lower run. But Orioles broke the
Speaker 1: scoreless tie in a pinch single by x yank rougnet
Speaker 1: O Door Jonathan Elisa got so good last year out
Speaker 1: of the bulk and he's got an eight and a
Speaker 1: half e R. This going to Yankees loves the series.
Speaker 1: The lowly Orios. John spractually are bloombird Sports. John thanks
Speaker 1: sixty seven on Wall Street Time once again to take
Speaker 1: a look at stocks and some of the names moving
Speaker 1: in the pre market with Bloomberg Radio and TV Markets
Speaker 1: correspondent Creety gooped up on a down start to the week, crety,
Speaker 1: but some sucks you're moving thanks to one Elon Musk. Yes,
Speaker 1: he's certainly moving the market. Twitter Tesla. They're all moving
Speaker 1: to the upside for two separate reasons. So ill les
Speaker 1: dig into a Twitter shares t w t R up
Speaker 1: two point three percent. They were up as much as
Speaker 1: about four percent earlier in the session, so you do
Speaker 1: see a little bit about that momentum. Losing but still
Speaker 1: up two percent. Not too shabby. This comes after Elon
Speaker 1: must said the economic interests of the board are not
Speaker 1: aligned with shareholders. Meanwhile, Twitter the board on Friday set
Speaker 1: up a shareholder rights plan in which if an investor
Speaker 1: requires fifteen percent of the stock without prior approval, it
Speaker 1: ensures that anyone can take control of Twitter through open
Speaker 1: market accumulation, and it pays shareholders in a pro brit
Speaker 1: control premium. Nathan, that's a lot of fancy talk for
Speaker 1: just saying people can actively buy Twitter on the open market.
Speaker 1: If they accumulate over then they have a little bit
Speaker 1: more control. What it does for Elon Musk is it
Speaker 1: means that it can potentially thwart its hostile acquisition bits
Speaker 1: instead of buying the company out directly up for a
Speaker 1: big amount. They say, well, you have to do this
Speaker 1: through the market and through what the stock market is offering.
Speaker 1: So you do see Twitter shares twt R once again
Speaker 1: seeing a little bit of a bid off of that
Speaker 1: up about over two percent. Tesla on the other hand,
Speaker 1: t s l a is your taker, up seven tenths
Speaker 1: of one percent, says it may restart production at a
Speaker 1: Shanghai factory as soon as late afternoon Monday. Now we
Speaker 1: know that officials in Shanghai have been encouraging companies to
Speaker 1: restart production after halting due to the city strict lockdown. Now,
Speaker 1: of course, they also use closed loop systems, which means
Speaker 1: that workers live on site at their factories and then
Speaker 1: leave the next day. Um and now more than six
Speaker 1: firms have restarted operations, including Quantic Computers, which makes laptop
Speaker 1: for apples. So we have to see if Tesla follows
Speaker 1: through on that plan. The expectation is late afternoon today,
Speaker 1: so in a couple of hours we'll know if that
Speaker 1: deadline holds true. T s l A up seven tents
Speaker 1: of one percent, Nathan, and speaking what's going on in China,
Speaker 1: creaty look at a d r S this morning and
Speaker 1: right on top and the early trading is Steed Global
Speaker 1: d d Global d I d I S, your taker
Speaker 1: down almost twenty percent. It was sound as much as
Speaker 1: twenty percent earlier in the session. This comes after they
Speaker 1: agree to hold an extra extraordinary general meeting on May
Speaker 1: twenty three to vote on d listing its shares from
Speaker 1: the New York Stock Exchange, so that saga also continues.
Speaker 1: Speaking of soccer, as we're talking about activist investors, Nathan,
Speaker 1: I'll give you one last one Southwest Gas. S w
Speaker 1: X is your taker, up seven tenths of a percent
Speaker 1: after saying it's board his authorized review of a full
Speaker 1: range of strategical turn is, including a potential sale, saying
Speaker 1: that Carl Icon is invited to participate. We know he's
Speaker 1: been very local, vocal, excuse me about how they're going
Speaker 1: to spend their money and how they're going to raise it,
Speaker 1: So now he's very much a part of that process.
Speaker 1: S w X up seven tents of one percent and
Speaker 1: always an activist investor to why watch all right? Bloomberg
Speaker 1: Radio and TV Markets correspondent Crety Gupta with us this morning.
Speaker 1: SMP futures now down eighteen points down, futures down eighty six,
Speaker 1: dance Deck futures down seventies seven points as we await
Speaker 1: earnings spenty minute now from Bank of America. Stay with us.
Speaker 1: This is Bloomberg. Bloomberg Day Break, brought to you by
Speaker 1: ancient accountants and advisors. Challenging times call for proactive advisors
Speaker 1: who helped minimize taxes, increase cash flow, and create opportunities
Speaker 1: for the future of your business. Visit Ancient dot com Markets,
Speaker 1: Headlines and Breaking News twenty four hours a day at
Speaker 1: Bloomberg dot com, The Bloomberg Business at and at Bloomberg
Speaker 1: Quicktape is a Bloomberg Business lash. And I'm Karen Moscow
Speaker 1: and we've been watching Bank of America earnings crossing the Bloomberg.
Speaker 1: We're gonna break those down in just two moments from now.
Speaker 1: Futures this morning are moving lower, and we want to
Speaker 1: get the first word breaking news desk for today's morning call.
Speaker 1: Here's Bell Maloney, Bell, good morning, and good morning, Karen.
Speaker 1: That's right. US features are in the red right now
Speaker 1: at down, Futures down eighty points, SUPs dropped seventeen. Will
Speaker 1: Nez that futures decline by seventy two. The US ten
Speaker 1: years at two point eight five percent, Gold is up eleven,
Speaker 1: oil is a little changed, and bitcoin is down by
Speaker 1: three percent. Japan fell one point one percent overnight, while
Speaker 1: up markets are closed today and back in the US
Speaker 1: on the economic front, it's ten o'clock the NHB Housing
Speaker 1: Market Index. Regarding earnings this morning, you mentioned Bank of
Speaker 1: America Q and trading revenue x d V eight beat estimates,
Speaker 1: and another news Goldman Sachs that the odds of US
Speaker 1: recession are about thirty five per cent over the next
Speaker 1: two years, wrapping things up. Gap raised to equate over
Speaker 1: at Morgan Stanley, Wendy's was cut to market reform over
Speaker 1: at BMO Live from the first Breaking News destcom Bell
Speaker 1: Maloney care all right, Bill, thank you, and here lie
Speaker 1: breaking news over your Bloomberg tie squawk on your terminal
Speaker 1: s q U A w K and again more on
Speaker 1: those Bank of America earnings in just minutes from now.
Speaker 1: But first you want to see what's going on around
Speaker 1: the world, and here's Michael bar Michael Karen, thank you
Speaker 1: very much. The Russian military says about Ukrainian fighters are
Speaker 1: still hold up inside a steel plan in the Ukrainian
Speaker 1: port city of Maryupol. Ukrainian forces there to find Russian
Speaker 1: demands to surrender the plant. Officials say even though Maryuple
Speaker 1: remains under Ukrainian control, its residents are suffering unbearable conditions.
Speaker 1: North Korea says it has successfully test launched a newly
Speaker 1: developed tactical guided weapon. South Korea's military says it detected
Speaker 1: two launches. They are the latest in a series of
Speaker 1: tests by North Korea that outside experts say is meant
Speaker 1: to expand the country's nuclear arsenal. In Game one of
Speaker 1: their NBA playoff series, the Celtics beat the Nets one
Speaker 1: fifteen one fourteen. In the NHL, the Islanders launst global news,
Speaker 1: running four hours a day on air and on Bloomberg
Speaker 1: Quick Take Power bout more than the twenty seven hundred
Speaker 1: journalists and analysts in more than countries. I Michael Barr,
Speaker 1: and this is Bloomberg Naker. All right, Michael, thank you.
Speaker 1: We are live from the Bloomberg Interactive Broker studios where
Speaker 1: it's six forty nine on Wall Street, and we are
Speaker 1: watching shares of Bank of America with first quarter earnings
Speaker 1: crossing the Bloomberg terminal. They are up about one percent
Speaker 1: in the pre market. Let's break down some of these numbers. Now.
Speaker 1: Alison Williams is with US senior analysts for Global Investment
Speaker 1: Banks at Bloomberg Intelligence. Allison, we heard the headline from
Speaker 1: Karen and from Bill Maloney, first quarter trading revenue with
Speaker 1: a about a four hundred million dollar beat. What else
Speaker 1: stands out to you? So they did beat in trading
Speaker 1: on both thick and equities. So that's a positive, I think. Um,
Speaker 1: there's also a little bit of a relief, perhaps related
Speaker 1: to their capital ratio UM. You know, that's an area
Speaker 1: where we've seen some unexpected negative surprises UM this quarter,
Speaker 1: just in terms of most people expecting those ratios, expecting
Speaker 1: book value to come down a little bit with UM
Speaker 1: some of the move that we've had in long term
Speaker 1: interest rates, so that's UM. That's a little bit of
Speaker 1: a relief. On the net interest income side, UM looks
Speaker 1: about in line, but I think that you know, for
Speaker 1: the net interest income, it's really going to be what
Speaker 1: we hear on the call in terms of the outlook.
Speaker 1: So I talked a little bit about long term rates
Speaker 1: are negative for capital, but short term rates are very
Speaker 1: good for the earnings, So we'll hear a little bit
Speaker 1: about that. UM. The other area of focus is UM credit.
Speaker 1: They actually had a little bit of a net reserve release,
Speaker 1: so we've seen mixed trends there across the banks. I
Speaker 1: think part of that just depends on what their loan
Speaker 1: book looks like and what their expectations were in the quarter.
Speaker 1: But Bank of America did say that they did build
Speaker 1: reserves related to Russia UM, but despite that, they had
Speaker 1: a net reserve release. So that is similar to what
Speaker 1: we saw at City Group. UM both of those in
Speaker 1: contrast to the build that we saw at JP Morgan.
Speaker 1: It is interesting to hear Baker America say that they
Speaker 1: did put some in reserve due to exposure to Russia.
Speaker 1: Is that something of a surprise given where Bank of
Speaker 1: America's stands in terms of its overseas exposure. No, I
Speaker 1: think that you know where where they have so they
Speaker 1: basically talked about the fact that they have no material
Speaker 1: direct exposure to Russia. UM, they did note about seven
Speaker 1: dred million in Russia lending and counterparty exposure. Where you're
Speaker 1: having the banks I think where you're seeing some of
Speaker 1: the reserves building are UM, you know, potentially the large
Speaker 1: corporate UM, large multinational corporations that somehow have an exposure
Speaker 1: and it's more just un sort of single name by name,
Speaker 1: and I think that is UM where we're seeing, UM
Speaker 1: the exposure or Bank America. I haven't seen all the details. UM.
Speaker 1: I gave you kind of a couple of the numbers
Speaker 1: that we saw in terms of the lending and counterparty exposure. UM.
Speaker 1: But but UM, I think this really relates to some
Speaker 1: of the large corporates and it's small. I mean, despite
Speaker 1: the fact that they had some build. They still had
Speaker 1: a three hundred and sixty two million net reserve release,
Speaker 1: So that tells you certainly that the exposures are manageable.
Speaker 1: All right. Bloomberg Intelligence senior banks analyst Allison Williams with
Speaker 1: us this morning as we continue to watch those headlines
Speaker 1: on Bank of America's earnings crossed the terminal shares right
Speaker 1: now up about three tenths of one percent. Right now,
Speaker 1: we want to check what's going on in d C
Speaker 1: with some of the top stories they're including the Ukraine
Speaker 1: seeking financial support at the spring meetings of the World
Speaker 1: Bank and International Monetary Fund in Washington. On a VC's
Speaker 1: this week, Ukrainian Prime Minister Denis smil said the war
Speaker 1: with Russia has his country running a deficit of about
Speaker 1: five billion dollars a month. We need more sanctions from
Speaker 1: our West partners. We need more ammunition to protect our
Speaker 1: country and European borders. We need more finances to uh
Speaker 1: support our people. Our refugees are internally displaced persons. Also
Speaker 1: making news, Ukrainian President vladimir's Lensky urging President Biden to
Speaker 1: come to Kiev. Foreign Minister Dmitro Kuleva tells CVS S
Speaker 1: face the nation. It would be more than symbolic. The
Speaker 1: personal meeting between two presidents could also pay for the
Speaker 1: way for new supplies and of weapons of American web
Speaker 1: US weapons to Ukraine and also for discussions on the
Speaker 1: political possible political settlement of this conflict, Face the Nation
Speaker 1: and this we can both be heard every Sunday right
Speaker 1: here on Bloomberg Radio and Bloomberg Government Reporter Emily Wilkins
Speaker 1: is with us now from studios in Washington, d C.
Speaker 1: Looking ahead to these spring meetings of the World Bank.
Speaker 1: In I M. F Emily, we know Ukrainian foreign ministers
Speaker 1: are in Washington. What kind of support are they looking for?
Speaker 1: What kind of support could they get? So, as you mentioned, Nathan,
Speaker 1: they're currently running a budget deficit of about five billion
Speaker 1: dollars a month according to Ukrainians finance ministers, and they're
Speaker 1: seeking funding they say is needed for humanitarian as well
Speaker 1: as social obligations. Oh, we have her seeing reporting from
Speaker 1: the Wall Street Journal that the World Bank is planning
Speaker 1: a one point five billion dollar funding package to support Ukraine.
Speaker 1: And certainly we've also seen the White House and and
Speaker 1: other government's pledge additional monetary support to Ukraine as the
Speaker 1: war is at the point where it seems like it's
Speaker 1: going to be continuing for quite some time. And we've
Speaker 1: heard from a number of Ukrainian officials, including President Zelenski,
Speaker 1: looking for physical support for them from President Joe Biden.
Speaker 1: They're urging him to come to Kiev. What is the
Speaker 1: openness from the White House to that possibility. Well, Biden
Speaker 1: has said that he would like to go, but the
Speaker 1: reality is is to pull off a trip of that magnitude,
Speaker 1: to have the security in place to make sure that
Speaker 1: Biden is safe, to make sure that this doesn't wind
Speaker 1: up escalating things with Russia. It's very complex right now.
Speaker 1: So US National Security Advisor Jake Sullivan, he told NBC
Speaker 1: this weekend they don't have any current plans, but we
Speaker 1: are hearing that the White House is planning to send
Speaker 1: another senior administration official. It won't be Vice President Kamala Harris.
Speaker 1: Jensaki batted that down last week, but it could be
Speaker 1: a cabinet secretary or another top military official that winds
Speaker 1: up blowing to Ukraine. On the US's behalf all right,
Speaker 1: Bloomberg Government reporter Emily Wilkins with the update from Washington,
Speaker 1: d C. Emily Thank you as always. Read more about
Speaker 1: these stories on Bloomberg dot com or on the Bloomberg terminal,
Speaker 1: and you can follow all the latest on Bloomberg Radio
Speaker 1: in Washington at Bloomberg and one oh five point seven
Speaker 1: FM HD two. Karen Aliy Nathan thank you. Six fifty
Speaker 1: six on Wall Straight, we turned to news and science
Speaker 1: and technology now with a Bloomberg and j I T.
Speaker 1: Stam repool art. It is brought to you buy New
Speaker 1: Jersey Institute of Technology, ranked to top fifty national public
Speaker 1: university by US News and World Report and at top
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Speaker 1: Princeton Review. More at n j I T dot E
Speaker 1: DU now Here's just making news and science, technology, engineering,
Speaker 1: and math. Shanghai has reported its first depths in the
Speaker 1: midst of China's biggest COVID flare up. Tens of millions
Speaker 1: of people have been barred from leaving their homes as
Speaker 1: part of lockdowns. That's lead to criticism that China's COVID
Speaker 1: zero policy is inflicting too heavy a social and economic toll.
Speaker 1: Pakistan is cutting electricity to households and industry as the
Speaker 1: cash trap country can no longer afford to buy coal
Speaker 1: or natural gas from overseas to fuel it's power plants.
Speaker 1: The South Asian nation is struggling to procure fuel from
Speaker 1: the spot market after prices of liquefied natural gas and
Speaker 1: coals searched to records last month as the war in
Speaker 1: Ukraine exacerbated supply shortfalls and it classified out of light.
Speaker 1: For the U s National Reconnaissance Office has been launched
Speaker 1: into space from California. It was the first mission by
Speaker 1: the n r ROW to reuse a space X rocket booster.
Speaker 1: The n r RO is the government agency and charge developing, building, launching,
Speaker 1: and maintaining US satellites that provide intelligence data to senior policymakers,
Speaker 1: the intelligence community and the Defense Department, and as the
Speaker 1: Bloomberg nj I t STEM report, futures this morning are
Speaker 1: moving lower. SNP futures down about eighteen points, Dow futures
Speaker 1: down eight three, NASDAG futures are down seventy three, and
Speaker 1: the tenure Treasury down five thirty seconds. The l two
Speaker 1: point eight four percent, and the yield on the two
Speaker 1: year two point four six percent. Bloomberg Surveillance straight Ahead
Speaker 1: for Nathan Hagar on Karen Moscow, and this is Bloomberg