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Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg

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Speaker 1: Daybreak for Friday, March eighteen two. Coming up this shower,

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Speaker 1: President vite And speaks with China's shi Jin King in

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Speaker 1: an effort to help end the war in Ukraine. Pendergon

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Speaker 1: Morris that Russia may threaten to use nuclear weapons if

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Speaker 1: it's invasion of Ukraine is stalled. Investors brace for more

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Speaker 1: volatility as the trading week comes to a close and

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Speaker 1: the DIRNA requests FDA approval for a fourth COVID shot.

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Speaker 1: Former New York Governor Clomo says he's opened to running

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Speaker 1: for his old job. Plus, Sarah Palin is appealing or

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Speaker 1: loss in the defamation suit against The New York Times'

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Speaker 1: Michael Laaren. More ahead, I'm John stag Daron sports Islanders,

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Speaker 1: stopped the Rangers at the Garden and St. Peter's stunned

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Speaker 1: Kentucky in the n C Double Day Tournament. That's all

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Speaker 1: straight ahead on Bloomberg day Break on Bloomberg. You live

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Speaker 1: in Trio, New York, Bloomberg one, Washington, d C, Bloomberg

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Speaker 1: one O six one, Boston, Bloomberg nine sixties, San Francisco.

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Speaker 1: Sirius x M one nineteen and around the world old

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Speaker 1: on Bloomberg Radio dot com and via the Bloomberg Business.

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Speaker 1: Good morning. I'm Nathan Hager and I'm Karen Moscow, and

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Speaker 1: we are coming up to six oh one on Wall Street.

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Speaker 1: Futures are lower this morning, and we checked the markets

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Speaker 1: every fifteen minutes throughout the trading day. On Bloomberg. Right now,

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Speaker 1: SNP futures are down twenty five points down, futures down

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Speaker 1: one sixty seven and NAS day features down to the

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Speaker 1: tenure Treasury at five thirty seconds yield two point one

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Speaker 1: five percent, the yield down the two year one point

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Speaker 1: nine zero percent. Nine next screwed oil of one point

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Speaker 1: two percent of a dollar twenty nine and a hundred

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Speaker 1: four dollars twenty seven cents of barrel Comic school is

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Speaker 1: down a half percent or ten dollars twenty cents at

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Speaker 1: ninety eight announced and the euro one point one zero

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Speaker 1: five eight against the dollar. Nathan, all right, Karen, we'll

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Speaker 1: have more of the markets in a minute. But this

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Speaker 1: could be a pivotal day in Russia's war with Ukraine.

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Speaker 1: In just a few hours, President Biden holds his first

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Speaker 1: call in months with one of Vladimir Putin's closest allies,

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Speaker 1: Chinese president she j in Ping. It comes as Russia's

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Speaker 1: forces appear bogged down outside Ukraine's capital city, Kiev. We

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Speaker 1: get more from Bloomberg's Amy Morris in our newsroom in Washington.

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Speaker 1: While the UK Ministry of Defense believes Russia's invasion has

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Speaker 1: stalled on all fronts, that has not stopped the intense

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Speaker 1: battles and shelling around schools, hospitals, and residential areas, leading

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Speaker 1: US officials to believe war crimes have been committed. Now,

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Speaker 1: President Biden meets today with China President shi Jinping. Secretary

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Speaker 1: of State Anthony B. Lincoln says Biden will issue a

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Speaker 1: warning to Beijing that helping Russia will have consequences. We

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Speaker 1: believe China in particular has a responsibility to use its

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Speaker 1: influence with President Putin and to defend the international rules

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Speaker 1: and principles that it professes to support. Instead, it appears

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Speaker 1: that China is moving in the opposite direction. This as

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Speaker 1: the Pentagon warns Russia may threaten to use nuclear weapons

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Speaker 1: if their invasion of Ukraine is stalled. In Washington, I'm

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Speaker 1: Mayne Morris, Bloomberg Daybreak Right, Amy thank you, stiff defense

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Speaker 1: from Ukraine and economic sanctions race, speculation of a new

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Speaker 1: clear threats from Russia. Former Secretary of Defense and CIA

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Speaker 1: Director of Leon Panetta says diplomatic talks won't be enough

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Speaker 1: to deter Putin. Panetta said the U s should continue

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Speaker 1: to arm Ukraine as Putin doubles down. This is a

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Speaker 1: power game. Putin understands power. He really doesn't understand diplomacy

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Speaker 1: very much. He understands power. And the only way to

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Speaker 1: convince Putin that this is not going anywhere and that

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Speaker 1: he should take some kind of off ramp is to

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Speaker 1: continue to beat him on the battlefield. Former Defense Secretary

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Speaker 1: Leon Panetta at the comments on Bloomberg's Balance of Power

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Speaker 1: with David Weston. Catch the program weekdays at noon Wall

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Speaker 1: Street Time on both Bloomberg Radio and television. The cost

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Speaker 1: of ensuring Russian debt against default has dropped. This morning,

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Speaker 1: Karen Bloomberg, Noose has learned that funds earmarks for interest

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Speaker 1: payments on the Russian government's dollar notes were sent to

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Speaker 1: the payment agent. Sources say JP Morgan Chase process the

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Speaker 1: funds and sent the money on the city group that

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Speaker 1: is Spring Optimism. The bonds may be settled in dollars. Well, Nathan,

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Speaker 1: if the war and a FED right hike we're not

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Speaker 1: enough for stairs to handle, there could be more volatility

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Speaker 1: than usual today and we get the latest live with

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Speaker 1: Bloomberge John Tucker, John Karen is the quarterly event known

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Speaker 1: as triple witching. Single stock and index level options are

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Speaker 1: set to expire today. At the same time, more near

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Speaker 1: the money options are maturing than at any time since.

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Speaker 1: If that's not enough, there's a rebalancing of benchmark indexes,

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Speaker 1: a combination that tends to spark single day volumes that

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Speaker 1: rank among the highest of the year. Lorie Camvassin ahead

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Speaker 1: of US Equity Strategy at RBC Capital Markets is the

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Speaker 1: wild swings won't end here. I think that volatility is

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Speaker 1: likely to stay elevated for quite some time. We like

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Speaker 1: balanced portfolios between growth and value. We do think that

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Speaker 1: growth stocks are ultimately going to recover, but we think

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Speaker 1: that's going to be because markets are going to continue

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Speaker 1: to price in nervousness and what high quality exposure. That's

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Speaker 1: Lori Calvasina at RBC. The rebalance of the index alone

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Speaker 1: could lead to thirty three billion dollars of stock trades

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Speaker 1: in today's session Live to New York. I'm John Tucker,

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Speaker 1: Boomberg Daybreak. All right John, thanks. This is also another

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Speaker 1: day of all utility in nickel trading in London. Let's

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Speaker 1: go there live and get the latest from Bloomberg's You

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Speaker 1: Win Parts. Good morning you, Good morning Athan and Karen.

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Speaker 1: Yet another glitchy open for the nickel market today as

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Speaker 1: the price continues it's to treat from an unprecedented short squeeze.

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Speaker 1: Last week, Nickel dropped by the maximum allowed for a

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Speaker 1: third straight day, Nickel tumbling twelve percent to the daily limits,

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Speaker 1: a limit which has only just been increased from eight

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Speaker 1: percent in the previous session. Frustrating Friday, after a frustrating

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Speaker 1: week for the London Metal Exchange. They'll be very pleased

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Speaker 1: that tomorrow is Saturday, Live in London. I'm you and

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Speaker 1: Portsmoon mid daybreak. Alright you and thank you all. Beck

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Speaker 1: you're in the US. And Corporate News General Electric Slash

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Speaker 1: CEO Larry Cops pay package by ten million dollars a year.

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Speaker 1: It's a surprise move in response to last year's rebuked

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Speaker 1: by shareholders. Cops total target compensation went from about twenty

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Speaker 1: one million to eleven million dollars. All right, let's take

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Speaker 1: a look at some stocks moving in early trading. Carreen

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Speaker 1: shares a fed extra, down about four percent this morning.

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Speaker 1: The delivery company posted quarterly profit below analyst estimates. Rising

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Speaker 1: costs related to a US labor shortage and lower than

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Speaker 1: expected package volume, dragged on gains from pricing increases. Shares

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Speaker 1: of Game stopp are down now more than seven percent.

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Speaker 1: That company reported a surprise loss during the holiday quarter. Well,

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Speaker 1: turning to the pandemic now, Nathan Madonna is asking for

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Speaker 1: US government approval for a fourth COVID shot for adults,

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Speaker 1: so we get the latest Live or a Bloomberg's real

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Speaker 1: need a young good morning, Ready down, Good morning Karen.

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Speaker 1: This would cover significantly more people than Fiser's earlier request

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Speaker 1: for emergency authorization for fourth shot, which was for those

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Speaker 1: over sixty five years old. And right now there's a

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Speaker 1: heated debate over how long vaccines protect from infection and

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Speaker 1: whether repeated shots are necessary to prevent severe disease and death. Meantime,

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Speaker 1: Dr Anthony Fauci says the US could see COVID nineteen

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Speaker 1: cases rise again and vulnerable people would likely need a

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Speaker 1: fourth dose. Live in New York I'm really need a

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Speaker 1: young Bloomberg daybreak. I ren need a thanks right now

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Speaker 1: as some p few cheers are down twenty two point.

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Speaker 1: Staff futures down a hundred fifty six, and nastac futures

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Speaker 1: they're lower by seventy one points. The tenure treasury right

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Speaker 1: now is up six thirty seconds, the yield two point

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Speaker 1: one four per cent. Straight ahead, we have your latest

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Speaker 1: local headlines, plus a check of sports. This is Bloomberg

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Speaker 1: that brings us to six oh seven on Wall Street,

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Speaker 1: fifty one degrees in Central Park. Pretty bad accident on

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Speaker 1: northbound FDR Drive at seventy street. Tails coming up in traffic.

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Speaker 1: First Michael Barr with more on what's going on in

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Speaker 1: New York and around the world. Morning Michael, Good morning, Nathan.

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Speaker 1: New York Governor Kathy Oakel says that state agencies and

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Speaker 1: public authorities will stop doing business with companies that have

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Speaker 1: continued to do business with Russia. Hocal previously signed and

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Speaker 1: executive order banning state agencies from doing business with Russian companies.

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Speaker 1: Locals spoken Younger's where now, We're going to prohibit any

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Speaker 1: state agencies and authorities from contracted with any entities that

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Speaker 1: are still doing business in Russia. Governor Hocal also said

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Speaker 1: New York will also send one hundred thousand pounds of

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Speaker 1: medical supplies, including masks and gowns, to Ukraine. Andrew Cuomo

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Speaker 1: says he's opened to running for New York governor again

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Speaker 1: and would consider creating his own political party to do so. Cuomo,

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Speaker 1: a Democrat who resigned in August and in a sexual

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Speaker 1: harassment scandal, delivered his second public address in as many weeks,

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Speaker 1: this time to a group of clergy in the Bronx.

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Speaker 1: New details are emerging about the driver of a pickup

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Speaker 1: truck that slammed into a college golf team van in

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Speaker 1: West Texas, killing nine people. According to the NTSP, it

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Speaker 1: was the failure of the left front tire of the pickup.

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Speaker 1: In TSB vice chair Bruce Landsburgh says as for the

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Speaker 1: driver of the pickup, a thirteen year old child was

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Speaker 1: behind the wheel of the pickup truck. The NTSB s

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Speaker 1: Bruce Landsburg says the spared tire failed on the pickup

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Speaker 1: at seventy five that resulted in the truck veering into

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Speaker 1: the golf team bus. At least five people died and

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Speaker 1: several were injured. In chain reaction crashes involving dozens of

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Speaker 1: vehicles on an interstate in southeast Missouri. Police say thick

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Speaker 1: fog led to the crash, about one fifty miles south

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Speaker 1: of St. Louis. Forecasters say the multi year mega drought

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Speaker 1: that's drained western US reservoirs and parched crop lands across

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Speaker 1: California show no signs of easing. The National Oceanic and

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Speaker 1: Atmosphereic Administration says the region faces another spring and summer

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Speaker 1: of dwindling water resources and rising temperatures. Sarah Palin is

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Speaker 1: appealing her loss and the defamation suit she filed against

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Speaker 1: The New York Times. Palin says she was denied a

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Speaker 1: fair trial the former Alaska governor suit over an opinion

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Speaker 1: piece that linked her to a deadly shooting. Global News

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Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,

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Speaker 1: powered by more than twenty seven hundred journalists and analysts

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Speaker 1: more than one d twenty countries. Michael Barr and this

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Speaker 1: is Bloomberg, Nathan. Thanks Michael six O nine on Wall

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Speaker 1: Street Time for the Bloomberg Sports Update. Here's John's Stann shower.

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Speaker 1: Thanks Nathan. They're celebrating in Jersey City. A couple of

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Speaker 1: months ago. St. Peter's record was three and six losses

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Speaker 1: to l i U and Stony Brook lost in St.

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Speaker 1: John's by twenty one. And yet the Peacocks able to

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Speaker 1: win their conference Turney gain entry to the n c

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Speaker 1: Double A Tournament, where they pulled off a huge first

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Speaker 1: round stunner, beating might In Kentucky eighty five seventy nine

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Speaker 1: in overtime, only the tenth time ever a fifteen seed

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Speaker 1: has beaten a two Darrow Banks to twenty seven points.

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Speaker 1: You know, uh playing basketball and you grow up watching

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Speaker 1: college basketball and college basketball in the Marsh Madness Tournament.

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Speaker 1: So just letting that sink in, knowing that the game

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Speaker 1: is over. We got it. Just a really good first

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Speaker 1: n c A win in school history and the third

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Speaker 1: ever for the Metro Atlantic Conference. Biggest upset today not

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Speaker 1: the only one. Twelfth seeded New Mexico State knocked off

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Speaker 1: Yukon and Richmond upset Iowa. Since seeding began in nineteen

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Speaker 1: seventy nine, Richmond has won nine times as a twelve

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Speaker 1: seeder lower. No other school has done up more than

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Speaker 1: four times. At the Garden Islanders on a Kyle Palmary

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Speaker 1: goal beat the Rangers to the one, the Ranger go

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Speaker 1: all the forty the year for Chris Crider or twenty

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Speaker 1: one of those have been on the power Play. Giants

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Speaker 1: have released veteran safety Logan Ryan Big NFL trade that

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Speaker 1: made Last Night Green Day since Star Wives and seeber

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Speaker 1: Davante Adams to Las Vegas for first and second round

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Speaker 1: draft picks, and Adams has agreed to a new five

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Speaker 1: year contact with the Raiders. Brown's quarterback Baker Mayfield has

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Speaker 1: requested a trade upset that Cleveland showed interest in acquiring

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Speaker 1: to Shaun Watson, who is expected to be dealt by Houston,

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Speaker 1: but to either Atlanta or New Orleans. Nixon Nets have

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Speaker 1: home games tonight and the Yankees play this afternoon. They

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Speaker 1: take on the Pirates and Breton team John Dash Dower

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Speaker 1: Bloomberg Sports Nathan all Right, John thanks SMP futures now

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Speaker 1: down twenty one point Stole futures down a hundred forty

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Speaker 1: The ten year treasury is up six thirty seconds. The

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Speaker 1: yield two point two year yield one point nine zero.

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Speaker 1: Niam X screwed up one pot up a dollar twenty

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Speaker 1: two at a hundred four dollars twenty cents of barrel,

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Speaker 1: Awaiting the call between Presidents Biden and she on the

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Speaker 1: war in Ukraine. Will check again with Bloomberg's Maria Sadeo

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Speaker 1: to the European perspective out of Brussels and Bloomberg. Daybreak

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Speaker 1: Markets headlines and breaking news twenty four hours a day

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Speaker 1: at Bloomberg dot com, the Bloomberg Business at and at

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Speaker 1: Bloomberg Quicktape's a Bloomberg Business Flash and I'm Karen Moscow.

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Speaker 1: Usock Index futures lower this morning along with European shares

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Speaker 1: as traders way mixed signals from the peace dogs between

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Speaker 1: Russia and Ukraine, embrace revolatility from expiring options, and we

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Speaker 1: check the markets every fifteen minutes throughout the trading day

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Speaker 1: on Bloomberg S and P futures down twenty eight points down.

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Speaker 1: Futures down a hundred eighty six nasdack futures down ninety

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Speaker 1: four the decks in Germany's down one percent. Ten year

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Speaker 1: NIMEX screwed oil is at one point six percent, up

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Speaker 1: a dollar sixty at a hundred four dollars fifty seven

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Speaker 1: cents a barrel. Comic school there's down four ten percent

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Speaker 1: or eight dollars sixty cents at nineteen thirty nine sixty

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Speaker 1: and ounce. The euro on point one zero five six

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Speaker 1: against the dollar, and bitcoin is at forty thou five

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Speaker 1: hundred eighty five dollars. As a Bloomberg business flash. Now

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Speaker 1: here's Michael bar with more on what's going on around

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Speaker 1: the world. Michael, thank you very much. Karen. World leaders

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Speaker 1: called for an investigation of Russia's repeat attacks on civilian

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Speaker 1: targets in Ukraine. Meanwhile, rescue workers search for survivors and

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Speaker 1: the ruins of a theater that was serving as a

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Speaker 1: shelter in Meruple. Today, President Bye will meet with Chinese

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Speaker 1: President shi Jing Ping. Top seeds Gonzaga Baylor in Kansas

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Speaker 1: have advanced in the second round of the n C

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Speaker 1: Double A men's basketball tournament on a day a number

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Speaker 1: two seed was dispatched fifteen seed at st Eaters Peacocks.

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Speaker 1: See US now beat Kentucky seventy nine in overtime. In

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Speaker 1: the NHL, the Islanders beat the Rangers, who won the

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Speaker 1: Capitol's one Global News twenty four hours a day on

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Speaker 1: air and on Bloomberg Quick Take Power by more than

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Speaker 1: seven hundred journalists analysts more than a d twenty countries.

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Speaker 1: Michael Barr, This is Bloomberg Na. Okay, Michael, Thanks at

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Speaker 1: six nineteen on Wall Street Live from the Bloomberg Interactive

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Speaker 1: Broker Studios. This is Bloomberg Daybreak and Maria today, ol

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Speaker 1: Bloomberg correspondent is back with us from Brussels this morning

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Speaker 1: as we await this call in just a few hours

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Speaker 1: between Presidents Biden and She of China. Obviously Maria, the

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Speaker 1: US president is trying to pressure China to use its

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Speaker 1: influence on Russia as this grinding war with Ukraine continues

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Speaker 1: from the European perspective. How important is this call scene Well,

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Speaker 1: and it's very important because at this point of course,

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Speaker 1: China is one of the big geo political agents UH

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Speaker 1: in the world, and we've talked about four years now

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Speaker 1: about this new access the dragon bear. This is Russia

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Speaker 1: and China foreign policy coming together to potentially pose a

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Speaker 1: threat and be a arrival to the Western almost rules

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Speaker 1: based values uh democracies. When you look at Ukraine at

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Speaker 1: this point, this is exacerbated by the conflict. So to

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Speaker 1: me is very clear that both the United States but

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Speaker 1: also the European Union want to know what China's position

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Speaker 1: in this. Are they going to be helping Russia in

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Speaker 1: in any way and of course I mean financially, but

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Speaker 1: potentially even with military weapons and gear. And then three,

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Speaker 1: if they get an indication that that is going to

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Speaker 1: be the case, well I would argue we're probably entering

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Speaker 1: into a new phase of sanctions between the two sides.

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Speaker 1: Meaning the United States has made it clear if there

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Speaker 1: is an indication that anyone or any country tries to

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Speaker 1: bypass Western sanctions on Russia, they will also pay a penalty.

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Speaker 1: When you speak to the Europeans, they say the same thing.

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Speaker 1: If you try to do something that derails everything that

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Speaker 1: we've put in place to end this war machine by

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Speaker 1: Vladimir Putting or help him get a lifeline to continue

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Speaker 1: his invasion, that you're going to have to pay a

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Speaker 1: price too. Even as the war has been going on,

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Speaker 1: there've been nearly daily discussions negotiations between Ukrainian and Russian diplomats.

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Speaker 1: Is this call between President Biden and President she seen

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Speaker 1: as having any influence on the discussions going on at

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Speaker 1: the diplomatic level between Russian and Ukraine. No. I think

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Speaker 1: we have to look at them as separate things and

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Speaker 1: and different units here. One of course, is the conversations

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Speaker 1: between Russia and Ukraine. This is very much about the

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Speaker 1: future and and it's about the peace deal, and it's

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Speaker 1: potentially a diplomatic way forward. Now, if you ask me today,

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Speaker 1: is there a diplomatic way forward between Russia and Ukraine.

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Speaker 1: I've really struggled to see one. When I speak to Ukrainians, Uh,

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Speaker 1: they almost present this as an existential question for them.

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Speaker 1: They really struggled to see how after twenty three days

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Speaker 1: of heavy bombing and selling, they can go back to

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Speaker 1: anything that looks like a normal relationship with Russia. And

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Speaker 1: and they really struggle to see how they can coexist

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Speaker 1: with Vladimir Putin still in power. When you look at China,

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Speaker 1: what they fear is that at a time in which

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Speaker 1: Ukraine continues to defend its territory and it's major cities.

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Speaker 1: And remember the Russians have not been able to capture

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Speaker 1: any of the big goals. This is day twenty three

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Speaker 1: of the war. Is costing a lot of money for

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Speaker 1: the Russian Federation, but they haven't been able to get

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Speaker 1: to the military goals that they wanted. We see big

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Speaker 1: fights in keep the capital, we see big fights in Mariupo.

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Speaker 1: This is in the south. It cannots Crimea to the

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Speaker 1: dom Bass. But Russia has not made this quick, easy

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Speaker 1: grade glory invasion that they promised. Remember they said three

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Speaker 1: or four days, we're gonna get this done. Now it's

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Speaker 1: turning into almost a month long invasion. So with the Ukrainians,

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Speaker 1: worry is that at a time in which they feel

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Speaker 1: they can inflict damage on the Russians, the China is

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Speaker 1: gonna come in to help them with financial means and

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Speaker 1: military means and military weapons, and that's when it could

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Speaker 1: get complicated for Ukrainians. Of course, they have a big

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Speaker 1: interest and that not happening. We've gotten reports as well

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Speaker 1: that Russian President Putin has been speaking today with German

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Speaker 1: Chancellor all Off Shultz. Can you get us up to

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Speaker 1: speed on what we know about those conversations. Look, what

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Speaker 1: we know is that Vladimir Putin has said the talks

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Speaker 1: are stalled now and they're not moving ahead quickly because

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Speaker 1: the Ukrainians are delaying the whole thing. They need to

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Speaker 1: get real, they need a reality check and know that

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Speaker 1: some of the conditions that they put on the table

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Speaker 1: are simply not acceptable. If they don't do that, we're

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Speaker 1: not going to move forward. But you also have to

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Speaker 1: see this from the Ukrainian psyche and their mentality, and

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Speaker 1: what they argue is we don't trust Russia and we

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Speaker 1: don't ust Vladimir Pudding. And if you look at everything

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Speaker 1: that Russia has said until now, it's been proven false.

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Speaker 1: They said there would be no invasion, there was an invasion.

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Speaker 1: They say Belarus is not helping Russia and this war.

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Speaker 1: They clearly are. So we're not going to get serious

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Speaker 1: about any future deal until and as long there's no ceasefire.

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Speaker 1: So for them, the ceasefire is a precondition between the

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Speaker 1: real talks begin. So again, going back to the earlier point,

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Speaker 1: it's very difficult to see what a diplomatic we forward

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Speaker 1: looks like if the war doesn't end on the military front. First,

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Speaker 1: and that's why, of course you're seeing that the two

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Speaker 1: sides are not looking or speaking. I do I the

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Speaker 1: other things, just very briefly, I would know it is

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Speaker 1: that to me, this looks like we're at a stage

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Speaker 1: in which both sides are trying to almost build up

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Speaker 1: leverage for the real talks to begin. Bloomberg's Maria Today. Oh,

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Speaker 1: as always, thanks for the perspective area today with us

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Speaker 1: this morning from Brussels, as we await that call in

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Speaker 1: just a few hours. It's set for nine am Wall

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Speaker 1: Street time between President Biden of the US and Chinese

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Speaker 1: President shi Jin Pain, looking for more clarity on China's

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Speaker 1: position when it comes to this ongoing war in Ukraine.

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Speaker 1: Now into day three. Right now, SMP futures down twenty

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Speaker 1: seven point, staff futures down a hundred eighty six nanstack

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Speaker 1: futures are lowered by eighty seven points. The tenure treasury

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Speaker 1: is up six thirty seconds. Right now, the yield two

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Speaker 1: point one four ent on the benchmark tenure US Treasury.

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Speaker 1: This is Bloomberg Bloomberg eleven three oh. Weather clouds, patchy

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Speaker 1: fog will give way to sunshine and the high in

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Speaker 1: your seventy today periods of rain to start the weekend.

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Speaker 1: Saturday highs in the low sixties, upper fifties, partly sunny

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Speaker 1: by Sunday. Right now fifty one in Central Park, broadcasting

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Speaker 1: live from the Bloomberg Interacted Broker Studio in New York,

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Speaker 1: Bloomberg Living Freedom to Washington, d C. Bloomberg to Boston,

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Speaker 1: Bloomberg one A six one to San Francisco, Bloomberg N

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Speaker 1: sixty to the Country Sirius XM to the one ninet

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Speaker 1: and around the globe to the Bloomberg Business at and

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Speaker 1: Bloomberg Radio dot com. This is Bloomberg Daybreak put. It's

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Speaker 1: six thirty on Wall Street. Good morning. I'm Nathan Hagar

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Speaker 1: and I'm Cameron Moscow, and we're just about three hours

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Speaker 1: away from the open of US trading. It's time for

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Speaker 1: the five things you need to notice. Start your day.

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Speaker 1: To you by Interactive Broker Simple ibk our Global Trader app,

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Speaker 1: deposit in your local currency and trade stocks in the US,

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Speaker 1: Europe and Asia. Start your free trial and ib gr

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00:21:10,240 --> 00:21:14,520
Speaker 1: dot com slash Global Trader at first. Russia's invasion continues

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Speaker 1: as missiles struck western Ukraine in regions close to the

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Speaker 1: border of Poland. According to new Pentagon intelligence, Russian President

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Speaker 1: Vladimir Putin may soon levy nuclear threats against the West.

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Speaker 1: Well back in Washington, Karen, President Biden a schedule to

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Speaker 1: speak with China's President she Jin ping about the war.

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Speaker 1: Bloomberg Sad Baxter has the latest. The White House is

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Speaker 1: saying it gives President Biden a chance to really assess

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Speaker 1: where President She stands and to step up pressure for

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Speaker 1: him to cooperate. Spokes on when John Sake, saying it

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Speaker 1: will give she a chance to denounce the Russian invasion.

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Speaker 1: This flies in the face, of course, of everything China

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Speaker 1: stands for, including the basic principles of the UN Charter,

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Speaker 1: including the basic principles of respect for sovereignty of nations,

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Speaker 1: and sources of Bloomberg say the White House is concerned

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Speaker 1: that China's muted response maybe sign that it may be

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Speaker 1: moving closer to supporting Moscow. It says this meeting will

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Speaker 1: tell that story. In San Francisco, I'm at Bachelor Bloomberg

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Speaker 1: Day Break. All right, and thank you well. On Wall

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Speaker 1: Street Financial Markets expect fireworks today. On Bloomberg's John Tucker

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Speaker 1: joins US Live to explain. John Karen three and a

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Speaker 1: half trillion dollars of single stock and index level options

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Speaker 1: are set to expire today. At the same time, more

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Speaker 1: near the money options are maturing than at any time

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Speaker 1: since it's triple witching Friday, and as coincides with a

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Speaker 1: rebalancing of benchmark indexes. And this is a combination that

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Speaker 1: tends to spark single day volumes that rank among the

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Speaker 1: highest of the year. Now watch today if investors rebuild

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Speaker 1: their holdings of protective puts or chase the market rebound

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Speaker 1: with call contracts. That all ends up to a lot

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Speaker 1: of volatility. Live in New York on John Tucker Bloomberg Daybreak.

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Speaker 1: Well ahead of all that, John, futures are falling in.

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Speaker 1: Oil is back above a hundred dollars of barrel. Right now,

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Speaker 1: West Texas Intermediate Crewed is trading in a hundred four

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Speaker 1: dollars thirty six cents. Well, turning to the pandemic now,

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00:23:01,840 --> 00:23:04,960
Speaker 1: Nathan Madonna is asking for US government approval for a

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Speaker 1: fourth COVID shot for adults, and we get the latest

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Speaker 1: lie from Bloomberg's rind to Young. Good morning, Renida, Good morning, Karen.

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00:23:10,640 --> 00:23:14,639
Speaker 1: Maderna's request would cover significantly more people than viser's request.

431
00:23:14,720 --> 00:23:17,840
Speaker 1: For emergency authorization for a fourth shot. It was for

432
00:23:18,000 --> 00:23:21,000
Speaker 1: those over sixty five years old. And right now there's

433
00:23:21,000 --> 00:23:24,159
Speaker 1: a debate over how long vaccines protect from infection and

434
00:23:24,240 --> 00:23:27,280
Speaker 1: whether the repeated shots are necessary to prevent severe disease

435
00:23:27,320 --> 00:23:29,440
Speaker 1: and death. Live in New York. I'm gonna need to

436
00:23:29,520 --> 00:23:31,440
Speaker 1: Young Bloomberg daybreak, all right, we need to thank you.

437
00:23:31,520 --> 00:23:33,439
Speaker 1: That's the five things you need to notice start your day.

438
00:23:33,440 --> 00:23:39,040
Speaker 1: Brought to you by Interactive Brokers, and right now at

439
00:23:39,080 --> 00:23:41,200
Speaker 1: six thirty three on Wall Street, fifty one degrees in

440
00:23:41,320 --> 00:23:43,800
Speaker 1: Center Park. Things improving after an earlier accident on the

441
00:23:43,880 --> 00:23:46,720
Speaker 1: northbound FDR Drive. Will get the latest in traffic shortly. First,

442
00:23:46,760 --> 00:23:49,120
Speaker 1: Michael Barr, what else is going on in New York

443
00:23:49,160 --> 00:23:51,200
Speaker 1: and around the world this morning? Thank you very much, Nathan.

444
00:23:51,240 --> 00:23:53,840
Speaker 1: New York Governor Kathy ocl says that state agencies and

445
00:23:53,880 --> 00:23:57,480
Speaker 1: public authorities will cease business with companies that have continued

446
00:23:57,560 --> 00:24:00,760
Speaker 1: to do business with Russia, the Democratic having her previously

447
00:24:00,880 --> 00:24:04,040
Speaker 1: signed an executive order banning state agencies from doing business

448
00:24:04,280 --> 00:24:07,320
Speaker 1: with Russian companies. So this is not just directly with

449
00:24:07,480 --> 00:24:11,520
Speaker 1: Russian companies, it is with companies American companies that are

450
00:24:11,560 --> 00:24:14,720
Speaker 1: continuing to do business in Russia in light of what's happening.

451
00:24:15,080 --> 00:24:17,199
Speaker 1: So that is the message that we're delivering to our

452
00:24:17,240 --> 00:24:20,760
Speaker 1: state agencies. Governor Hokele, speaking in Yonkers, also says New

453
00:24:20,880 --> 00:24:24,240
Speaker 1: York will send one hundred thousand pounds of medical supplies,

454
00:24:24,280 --> 00:24:28,119
Speaker 1: including masks and gowns, to Ukraine. Former New York Governor

455
00:24:28,160 --> 00:24:31,080
Speaker 1: Andrew Cuomo is dangling the possibility he may run for

456
00:24:31,400 --> 00:24:34,520
Speaker 1: his former job. Just six months after he resigned amid

457
00:24:34,600 --> 00:24:38,399
Speaker 1: sexual harassment allegations. Cromo gave a campaign style speech to

458
00:24:38,480 --> 00:24:40,879
Speaker 1: a friendly audience of about a hundred people in the Bronx.

459
00:24:41,280 --> 00:24:44,840
Speaker 1: Asked afterwards if he would run for office, Cuomo told

460
00:24:44,920 --> 00:24:48,879
Speaker 1: reporters he is open to all options. Former Alaska Governor

461
00:24:48,920 --> 00:24:51,880
Speaker 1: Sarah Palin is appealing her loss in the defamation suit

462
00:24:52,160 --> 00:24:55,080
Speaker 1: she filed against The New York Times. She sued The

463
00:24:55,119 --> 00:24:58,320
Speaker 1: Times and former opinion page editor James Bennett in t

464
00:24:58,800 --> 00:25:02,800
Speaker 1: seventeen over a pe mistakenly linking her to a deadly shooting.

465
00:25:03,080 --> 00:25:06,159
Speaker 1: Bilan claimed the errors were driven by bias against her.

466
00:25:06,560 --> 00:25:09,879
Speaker 1: Investigators are learning more about Tuesday night's deadly collision of

467
00:25:09,920 --> 00:25:13,159
Speaker 1: a pickup truck and a van carrying New Mexico college

468
00:25:13,160 --> 00:25:16,240
Speaker 1: students and a golf coach. The NTSB says the driver

469
00:25:16,359 --> 00:25:19,600
Speaker 1: of the pickup truck was only thirteen years old. He

470
00:25:19,760 --> 00:25:22,000
Speaker 1: was behind the wheel driving down the two lane road,

471
00:25:22,480 --> 00:25:26,040
Speaker 1: and TSB Vice chair Bruce Landsburg the left front tire,

472
00:25:26,400 --> 00:25:30,520
Speaker 1: which was a spare tire, had failed, which resulted in

473
00:25:30,920 --> 00:25:34,000
Speaker 1: the vehicle pulling hard to the left and crossing into

474
00:25:34,119 --> 00:25:37,480
Speaker 1: the opposing lane. The pickup went head on into the

475
00:25:37,520 --> 00:25:40,640
Speaker 1: van carrying the golf team, killing seven inside both people

476
00:25:40,720 --> 00:25:43,399
Speaker 1: in the pickup who were also killed. A pile up

477
00:25:43,440 --> 00:25:46,160
Speaker 1: on the Missouri Interstate left at least five people dead.

478
00:25:46,440 --> 00:25:49,560
Speaker 1: The crashes involved at least twenty eight tractor trailers and

479
00:25:49,720 --> 00:25:53,600
Speaker 1: numerous smaller vehicles and Interstate fifty seven in southeast Missouri.

480
00:25:54,040 --> 00:25:56,840
Speaker 1: The fog shout at thirteen mile Stretch was closed for hours.

481
00:25:57,359 --> 00:26:00,159
Speaker 1: If you find yourself napping more often, a news doud,

482
00:26:00,240 --> 00:26:03,200
Speaker 1: he suggested, maybe a troubling sign. While napping is a

483
00:26:03,320 --> 00:26:05,760
Speaker 1: normal part of getting older, the study found it may

484
00:26:05,800 --> 00:26:10,000
Speaker 1: also signal and elevated risk for Alzheimer's disease. The study

485
00:26:10,160 --> 00:26:13,760
Speaker 1: is in Alzheimer's and Dementia, The Journal of Alzheimer's Association,

486
00:26:14,280 --> 00:26:16,560
Speaker 1: Global News twenty four hours a day on air and

487
00:26:16,760 --> 00:26:19,560
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven

488
00:26:19,600 --> 00:26:22,840
Speaker 1: hundred journalists analysts more than a hundred twenty countries. Michael Bard,

489
00:26:22,920 --> 00:26:25,680
Speaker 1: this is Bloomberg, Nathan. They've got to rethink every day.

490
00:26:26,520 --> 00:26:34,040
Speaker 1: Thank you, Michael. Just about six thirty six on Wall Street,

491
00:26:34,080 --> 00:26:37,040
Speaker 1: John Stash hours here at the Bloomberg Sports Day, All right, Nathan,

492
00:26:37,119 --> 00:26:41,320
Speaker 1: truly a David versus Goliath type upset. And in Indiana

493
00:26:41,440 --> 00:26:43,760
Speaker 1: that's what the movie hoods. Still we played Jed Kentucky

494
00:26:44,119 --> 00:26:46,960
Speaker 1: State School, thirty two students, winners of eight n C

495
00:26:47,040 --> 00:26:49,760
Speaker 1: Double A tournaments. He had St. Peter's of tiny Jesuit

496
00:26:49,840 --> 00:26:52,119
Speaker 1: School in Jersey City and never won an n C

497
00:26:52,200 --> 00:26:54,560
Speaker 1: Double A game. And yet the Peacocks right there with

498
00:26:54,640 --> 00:26:57,040
Speaker 1: the Wildcats all night and they want it in overtime.

499
00:26:57,119 --> 00:27:00,400
Speaker 1: Eighty five seventy nine. A coach of the Peacocks, Holloway.

500
00:27:00,720 --> 00:27:03,719
Speaker 1: Every team that made it to nan a Torment RP

501
00:27:03,800 --> 00:27:05,919
Speaker 1: the year, Every team that made to NAC del Torments

502
00:27:05,960 --> 00:27:08,639
Speaker 1: think they take advance. You know this, like you just

503
00:27:08,720 --> 00:27:11,200
Speaker 1: have to be good on this night. It's not about

504
00:27:11,200 --> 00:27:13,239
Speaker 1: your records, not about what school you at is who

505
00:27:13,400 --> 00:27:15,760
Speaker 1: who's ever good on that night and tonight you know

506
00:27:16,000 --> 00:27:18,200
Speaker 1: it was on night. Holloway makes about two and fifty

507
00:27:18,240 --> 00:27:20,600
Speaker 1: thousand dollars and he just beat John Calipari, who makes

508
00:27:20,680 --> 00:27:23,280
Speaker 1: eight million. In fact, Calipari has four assistance that make

509
00:27:23,400 --> 00:27:26,360
Speaker 1: more money than Holloway. Tenth time A fifteen seeds beating

510
00:27:26,400 --> 00:27:28,600
Speaker 1: the two. One of three overtime games. Just last night,

511
00:27:28,680 --> 00:27:31,680
Speaker 1: Murray State apt by San Francisco. Creighton trailed for about

512
00:27:31,760 --> 00:27:34,560
Speaker 1: fifty forty minutes and rally past San Diego State. Twelve

513
00:27:34,600 --> 00:27:38,560
Speaker 1: seeded New Mexico State upset Yukon, twelve seeded Richmond upset Iowa.

514
00:27:38,840 --> 00:27:41,880
Speaker 1: Even Gonzaga, the attorney's top overall seed, at a struggle

515
00:27:41,960 --> 00:27:44,680
Speaker 1: at Georgia State, by only four with ten minutes left.

516
00:27:44,720 --> 00:27:47,560
Speaker 1: Gonzaga then went on a to one run. The last

517
00:27:47,640 --> 00:27:49,840
Speaker 1: of the first round games is late tonight in San Diego,

518
00:27:49,920 --> 00:27:53,320
Speaker 1: Seaton Hall against TCU at the Garden Islanders staff the

519
00:27:53,400 --> 00:27:55,000
Speaker 1: Rangers to the one in the Kyle Paul mary Go,

520
00:27:55,200 --> 00:27:58,040
Speaker 1: Chris cried or scored the Ranger go his forty only

521
00:27:58,160 --> 00:28:01,280
Speaker 1: one NHL player has more added. Rogers decided to keep

522
00:28:01,320 --> 00:28:03,280
Speaker 1: playing in Green Bay, but he won't have his best

523
00:28:03,359 --> 00:28:05,240
Speaker 1: weapon to throat through the patterns of trade and Star

524
00:28:05,280 --> 00:28:08,080
Speaker 1: wide out Davante Adam to Las Vegas for first and

525
00:28:08,160 --> 00:28:11,159
Speaker 1: second round draft picks. John Stashal I wear Bloomberg Sports.

526
00:28:11,760 --> 00:28:13,959
Speaker 1: Thanks John. At six thirty seven on Wall Street, time

527
00:28:14,000 --> 00:28:15,400
Speaker 1: to take a look at stock some of the names

528
00:28:15,480 --> 00:28:18,640
Speaker 1: moving in the pre market on this triple witching Friday.

529
00:28:18,840 --> 00:28:23,200
Speaker 1: We're joined by Bloomberg Radio and TV Markets corresponded Crety, Guta, Credy.

530
00:28:23,240 --> 00:28:25,280
Speaker 1: Good morning. What's got your eye? Well, good morning, Nathan.

531
00:28:25,400 --> 00:28:27,239
Speaker 1: We are going to see triple witching. So you are

532
00:28:27,280 --> 00:28:29,800
Speaker 1: going to see some volatility, perhaps no clear direction in

533
00:28:29,840 --> 00:28:32,720
Speaker 1: the market today, just given all the moves, especially ahead

534
00:28:32,720 --> 00:28:35,040
Speaker 1: of the weekend. But there are some earning stories that

535
00:28:35,119 --> 00:28:37,200
Speaker 1: are coming out and there are already moving the market

536
00:28:38,000 --> 00:28:40,600
Speaker 1: before this the stock market actually opens. And let's start

537
00:28:40,600 --> 00:28:43,959
Speaker 1: off here with some of those economically sensitive stocks, especially

538
00:28:44,000 --> 00:28:46,560
Speaker 1: the ones that sent to indicate what the broader economy

539
00:28:46,640 --> 00:28:48,560
Speaker 1: is doing, and by that I mean FedEx. Of course,

540
00:28:48,600 --> 00:28:50,760
Speaker 1: remember when UPS and FedEx were supposed to be these

541
00:28:50,800 --> 00:28:54,040
Speaker 1: big kind of indicators of what the economy was doing. Well,

542
00:28:54,240 --> 00:28:56,520
Speaker 1: this time might might not be so great. Fd X,

543
00:28:56,560 --> 00:28:59,840
Speaker 1: as your takers dropping two percent after reporting results that

544
00:29:00,080 --> 00:29:03,120
Speaker 1: weren't so great. Morgan Stanley saying that the magnitude of

545
00:29:03,240 --> 00:29:06,080
Speaker 1: the misses in the U. S. Company's express and ground

546
00:29:06,200 --> 00:29:09,160
Speaker 1: units maybe quote jarring for investors, and that's very much

547
00:29:09,200 --> 00:29:12,880
Speaker 1: a macro story. To Nathan, speaking of macro, we sho

548
00:29:12,960 --> 00:29:15,360
Speaker 1: talk about commodities because there's really no shortage of that

549
00:29:15,480 --> 00:29:17,920
Speaker 1: talk recently, is there at all? So we never talked

550
00:29:17,920 --> 00:29:20,480
Speaker 1: about U S. Steel. Dewey, the ticker is just the

551
00:29:20,560 --> 00:29:24,120
Speaker 1: letter X minus is down two point two percent. Exees me.

552
00:29:24,400 --> 00:29:27,160
Speaker 1: It's slumping once again on a weaker forecast. But City

553
00:29:27,160 --> 00:29:30,120
Speaker 1: Group actually a little more optimistic. They're saying the US

554
00:29:30,200 --> 00:29:33,640
Speaker 1: sits in the middle of massive steel inflation spreading out

555
00:29:33,680 --> 00:29:36,040
Speaker 1: into Europe, and those steel prices, well, they might fall

556
00:29:36,120 --> 00:29:38,160
Speaker 1: in China, but Europe is more relevant in our view.

557
00:29:38,240 --> 00:29:40,400
Speaker 1: So we do see perhaps some of the forecast coming

558
00:29:40,440 --> 00:29:42,800
Speaker 1: down from U S. Steel, but they're saying keep an

559
00:29:42,840 --> 00:29:44,800
Speaker 1: eye on Europe. That's really where you might see a

560
00:29:44,880 --> 00:29:47,440
Speaker 1: some of that pickup show up on top of the macro,

561
00:29:47,720 --> 00:29:50,560
Speaker 1: on top of all the gyrations around the war in Ukraine.

562
00:29:50,560 --> 00:29:52,880
Speaker 1: There may be a little bit of movement around COVID

563
00:29:52,960 --> 00:29:56,480
Speaker 1: as well. Because we're following this news of Maderna looking

564
00:29:56,560 --> 00:30:00,320
Speaker 1: for approval for a fourth shot. Is that taking the

565
00:30:00,320 --> 00:30:03,960
Speaker 1: stock any It absolutely is up one point four percent

566
00:30:04,080 --> 00:30:06,440
Speaker 1: of the journal shares. M r n A is your taker,

567
00:30:06,680 --> 00:30:09,360
Speaker 1: And to your point, they're requesting FDA clearance to base

568
00:30:09,440 --> 00:30:11,880
Speaker 1: for that fourth COVID shot for adults. And remember, if

569
00:30:11,920 --> 00:30:14,000
Speaker 1: they get this, this will actually help them get more

570
00:30:14,080 --> 00:30:16,640
Speaker 1: market share over Visor's candidate as well. And that's a

571
00:30:16,720 --> 00:30:19,160
Speaker 1: really big deal when it comes to just kind of

572
00:30:19,240 --> 00:30:21,360
Speaker 1: the ongoing momentum for some of these companies that have

573
00:30:21,480 --> 00:30:24,080
Speaker 1: really exploded during COVID. I'm gonna end here with a

574
00:30:24,160 --> 00:30:26,840
Speaker 1: meme stock had to do it. Game Stock g m

575
00:30:26,880 --> 00:30:29,840
Speaker 1: E is your ticker, reporting quarterly losses that were wider

576
00:30:29,920 --> 00:30:33,440
Speaker 1: than expected, baired though saying that the video game retailer's

577
00:30:33,480 --> 00:30:36,960
Speaker 1: margins were quote significantly below expectations. Taking a bit of

578
00:30:36,960 --> 00:30:39,120
Speaker 1: a hit this morning. G M is your taker, down

579
00:30:39,160 --> 00:30:41,880
Speaker 1: eight percent, Nathan, not really acting like a meme stock,

580
00:30:41,960 --> 00:30:44,880
Speaker 1: But there you go, you bring back fundamentals. There it

581
00:30:45,040 --> 00:30:48,880
Speaker 1: is LIVERG Radio TV Markets correspondent Creedy Gupta. As always,

582
00:30:49,200 --> 00:30:51,600
Speaker 1: thanks for the pre market update and as we take

583
00:30:51,600 --> 00:30:54,160
Speaker 1: a look at stocks as a whole ahead of the open,

584
00:30:54,240 --> 00:30:58,680
Speaker 1: on triple witching Friday. They're moving lower. SMP futures down point,

585
00:30:58,720 --> 00:31:01,920
Speaker 1: Staff futures down a hundred, have any six and Nasdaq

586
00:31:01,960 --> 00:31:04,320
Speaker 1: futures are on the decline by eighty six points. The

587
00:31:04,400 --> 00:31:07,320
Speaker 1: tenure Treasury right now is up eight thirty seconds, the

588
00:31:07,400 --> 00:31:10,960
Speaker 1: yield two point one. Let's talk about commodities again, and

589
00:31:11,000 --> 00:31:13,320
Speaker 1: I'm x screwed up one point one at a hundred

590
00:31:13,400 --> 00:31:16,720
Speaker 1: four dollars nine cents of barrel. You're listening to Bloomberg

591
00:31:16,760 --> 00:31:23,840
Speaker 1: tape right Good morning, Bloomberg eleven three oh weather, some

592
00:31:23,920 --> 00:31:25,920
Speaker 1: clouds a patche five, but they'll give away to sunshine

593
00:31:25,920 --> 00:31:27,920
Speaker 1: today in a high ner seventy degrees, will be rainy

594
00:31:28,000 --> 00:31:31,640
Speaker 1: tomorrow though, low sixties, turning partly sunny again. Upper fifties

595
00:31:31,680 --> 00:31:37,640
Speaker 1: though for Sunday. Right now fifty one in Central Park Markets,

596
00:31:37,760 --> 00:31:40,840
Speaker 1: headlines and breaking news twenty four hours a day at

597
00:31:40,840 --> 00:31:43,680
Speaker 1: Bloomberg dot Com, at the Bloomberg Business app, and at

598
00:31:43,680 --> 00:31:53,680
Speaker 1: Bloomberg Quick Tape. He's a Bloomberg Business lash and I'm

599
00:31:53,760 --> 00:31:56,920
Speaker 1: Karen Moscow. You watch stock index futures are lower this morning.

600
00:31:57,000 --> 00:31:58,720
Speaker 1: We get to the first word breaking news dance for

601
00:31:58,760 --> 00:32:01,600
Speaker 1: today's morning call. And here's Bill Maloney, Bill, good morning,

602
00:32:02,520 --> 00:32:04,880
Speaker 1: and good morning, Karen. That's right. U s features are

603
00:32:05,040 --> 00:32:06,640
Speaker 1: in the red right now at down futures down a

604
00:32:06,720 --> 00:32:09,960
Speaker 1: hundred two points, s SP Shop thirty NASDAK futures are

605
00:32:10,040 --> 00:32:12,680
Speaker 1: lower by a hundred. The US ten year old at

606
00:32:12,720 --> 00:32:15,360
Speaker 1: two point one four percent, Gold is down eight Oil

607
00:32:15,440 --> 00:32:19,280
Speaker 1: is climbing, but Bitcoin is trading little changed. Shanghai rose

608
00:32:19,320 --> 00:32:21,600
Speaker 1: one point one percent overnight, while up of markets are

609
00:32:21,640 --> 00:32:23,640
Speaker 1: in the red this morning and back in the US

610
00:32:23,720 --> 00:32:26,720
Speaker 1: on the economic front, at ten o'clock, existing home sales

611
00:32:27,120 --> 00:32:31,080
Speaker 1: after de Bellos night, FedEx CPS missed estimates, GameStop reported

612
00:32:31,280 --> 00:32:34,600
Speaker 1: is down eight percent, PREMRKET and US Steel cut its

613
00:32:34,600 --> 00:32:37,960
Speaker 1: guidance and other news. Russia's credit rating was again cut

614
00:32:38,080 --> 00:32:40,960
Speaker 1: by S and P, and Moderna asked the FDA to

615
00:32:41,040 --> 00:32:45,080
Speaker 1: clear a second booster shot for all adults. Wrapping things up.

616
00:32:45,120 --> 00:32:48,840
Speaker 1: TransUnion was cut to neutral. Over at Goldman Sachs Live

617
00:32:48,960 --> 00:32:51,240
Speaker 1: from the First Breaking News Desk on Bill Maloney, Karen,

618
00:32:51,840 --> 00:32:53,720
Speaker 1: all right, Bill, thank you to hear live breaking news

619
00:32:53,760 --> 00:32:56,320
Speaker 1: of her Bloomberg type squawk on your turbine. I'll escue

620
00:32:56,360 --> 00:32:58,720
Speaker 1: you a w K and that's a Bloomberg business flash

621
00:32:58,800 --> 00:33:01,160
Speaker 1: now here's Michael bar with more on what's going on

622
00:33:01,280 --> 00:33:04,040
Speaker 1: around the world. Michael Karen, thank you very much. Russian

623
00:33:04,080 --> 00:33:07,520
Speaker 1: forces are pressing their assault on Ukrainian cities, striking on

624
00:33:07,640 --> 00:33:10,960
Speaker 1: the outskirts of the capital Kiev and the western city

625
00:33:11,080 --> 00:33:14,360
Speaker 1: of Leviv. Rescue workers are still searching for survivors in

626
00:33:14,400 --> 00:33:16,200
Speaker 1: the ruins of a theater that was serving as a

627
00:33:16,240 --> 00:33:20,160
Speaker 1: shelter in the besiege southern city of Maryupol. President Joe

628
00:33:20,200 --> 00:33:22,520
Speaker 1: Biden will talk on the phone with Chinese President Shi

629
00:33:22,600 --> 00:33:25,880
Speaker 1: Jing Ping today. Biden hopes Beijing will ranchet up pressure

630
00:33:25,920 --> 00:33:28,440
Speaker 1: on Moscow to end its war in Ukraine. In the

631
00:33:28,600 --> 00:33:31,760
Speaker 1: n C Double Amn's Basketball Tournament St. Peter's As Proud

632
00:33:31,840 --> 00:33:35,680
Speaker 1: as a Peacock, the Jersey City team, ranked fifteen, beat

633
00:33:35,840 --> 00:33:39,120
Speaker 1: number two seed Kentucky eight five seventy nine in overtime.

634
00:33:39,480 --> 00:33:43,080
Speaker 1: Top seeds Gonzaga, Baylor, and Kansas advanced to the second round.

635
00:33:43,480 --> 00:33:46,080
Speaker 1: In the NHL, the Islanders beat the Rangers to one.

636
00:33:46,240 --> 00:33:49,720
Speaker 1: The Capitals One Global News twenty four hours a day

637
00:33:49,880 --> 00:33:53,040
Speaker 1: on air and on Bloomberg Quicktake, powered by more than

638
00:33:53,120 --> 00:33:55,520
Speaker 1: twenty seven hundred journalist and analyst more than a hundred

639
00:33:55,520 --> 00:33:58,760
Speaker 1: twenty countries. I'm Michael Barr. This is Bloomberg. Karen al right,

640
00:33:58,800 --> 00:34:01,800
Speaker 1: Michael Barr, thank you. At six forty nine on Wall Street,

641
00:34:01,840 --> 00:34:04,160
Speaker 1: and we turned to news and science and Technology Now

642
00:34:04,240 --> 00:34:07,240
Speaker 1: with a Bloomberg n j I T STEM report brought

643
00:34:07,280 --> 00:34:10,200
Speaker 1: to you by New Jersey Institute of Technology ranked in

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00:34:10,239 --> 00:34:13,600
Speaker 1: the top two percent nationally for alumni mid career earnings

645
00:34:13,880 --> 00:34:17,440
Speaker 1: and number one in the nation for student upward economic mobility.

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Speaker 1: More at n j I T dot e DU And

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00:34:20,800 --> 00:34:24,279
Speaker 1: here's what's making news now in science, Technology, engineering, and math.

648
00:34:24,719 --> 00:34:27,279
Speaker 1: The war in Ukraine is having an impact on the

649
00:34:27,360 --> 00:34:29,759
Speaker 1: space program. Europe is going to have to wait at

650
00:34:29,800 --> 00:34:32,879
Speaker 1: least several more years and may need NASA's help before

651
00:34:32,920 --> 00:34:35,640
Speaker 1: at first planned Mars rover can drill into the planet's

652
00:34:35,760 --> 00:34:39,560
Speaker 1: dusty surface seeking signs of whether it ever hosted life.

653
00:34:39,920 --> 00:34:42,840
Speaker 1: The European Space Agency says it will no longer attempt

654
00:34:42,920 --> 00:34:45,360
Speaker 1: to send the XO Mars Rover aloft this year on

655
00:34:45,440 --> 00:34:47,839
Speaker 1: a Russian rocket, and may now have to strip out

656
00:34:47,840 --> 00:34:52,200
Speaker 1: the mission's many Russian counter components. Rather, scientists are getting

657
00:34:52,239 --> 00:34:54,480
Speaker 1: their first peak at the genes of nearly one hundred

658
00:34:54,520 --> 00:34:58,520
Speaker 1: thousand Americans, and what's considered a uniquely diverse genomic database.

659
00:34:58,880 --> 00:35:01,080
Speaker 1: Part of a quest to reduce health disparities and and

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00:35:01,200 --> 00:35:04,320
Speaker 1: cookie cutter care, the National Institutes of Health released the

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00:35:04,440 --> 00:35:08,360
Speaker 1: data to help researchers start unraveling how people's genes, environments,

662
00:35:08,400 --> 00:35:11,480
Speaker 1: and lifestyles interact to drive their health, and half the

663
00:35:11,480 --> 00:35:14,759
Speaker 1: studies participants are from racial and ethnic groups historically left

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00:35:14,800 --> 00:35:18,880
Speaker 1: out of medical research. The Great Barrier Reefs government agencies

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00:35:18,920 --> 00:35:22,120
Speaker 1: says harder than average temperatures are causing increased coral bleaching,

666
00:35:22,200 --> 00:35:25,279
Speaker 1: which occurs when corals enter a distress state and lose

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00:35:25,320 --> 00:35:28,600
Speaker 1: their allergy, increasing chances of disease or death. The agency's

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00:35:28,640 --> 00:35:31,360
Speaker 1: chief scientists says bleaching is becoming more common at the

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00:35:31,440 --> 00:35:35,120
Speaker 1: reef and this incident risks being a mass bleaching event

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00:35:35,560 --> 00:35:37,760
Speaker 1: and as a Bloomberg and j I t Stem report.

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Speaker 1: Nathan Okay, Karen, thank you. We're live from the Bloomberg

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Speaker 1: Interactive Broker Studios, where it's coming up to six fifty

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00:35:42,600 --> 00:35:44,560
Speaker 1: one on Wall Street. Time out to check what's going

674
00:35:44,600 --> 00:35:46,600
Speaker 1: on in d C. Some of the top stories in

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00:35:46,640 --> 00:35:50,320
Speaker 1: our nation's capital include President Bidence speak with China's Shijin

676
00:35:50,400 --> 00:35:53,400
Speaker 1: Ping on the war in Ukraine. The Pentagon warning Putin

677
00:35:53,480 --> 00:35:56,160
Speaker 1: could make nuclear threats at the war drags on, and

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00:35:56,280 --> 00:35:59,000
Speaker 1: the House voting to end Russia's normal trade status. Let's

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00:35:59,000 --> 00:36:01,640
Speaker 1: bring in Bloomberg government reporter Emily Wilkins, when we were

680
00:36:01,719 --> 00:36:04,960
Speaker 1: just about two hours away from the scheduled start of

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00:36:05,080 --> 00:36:09,240
Speaker 1: this call between Presidents Biden and she Emily, how pivotal

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00:36:09,640 --> 00:36:12,160
Speaker 1: does the White House think this call will be when

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00:36:12,239 --> 00:36:15,400
Speaker 1: it comes to at least exerting some kind of pressure

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00:36:15,640 --> 00:36:18,120
Speaker 1: on Russia to end the war. I mean, this is

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00:36:18,200 --> 00:36:21,719
Speaker 1: certainly going to be a huge call today. There's a

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00:36:21,760 --> 00:36:25,240
Speaker 1: lot of question about where China actually stands in regard

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00:36:25,360 --> 00:36:29,000
Speaker 1: to the Kremlin. Their message has been very, very careful here, Nathan.

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00:36:29,239 --> 00:36:31,680
Speaker 1: They have talked about wanting to you know, that they

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00:36:31,680 --> 00:36:34,400
Speaker 1: won't attack Ukraine, that they want peace in the region.

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00:36:34,680 --> 00:36:36,560
Speaker 1: But at the same point, they really have not come

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00:36:36,600 --> 00:36:39,920
Speaker 1: out and criticized Russia for anything they did. And we're

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00:36:39,920 --> 00:36:42,840
Speaker 1: now seeing reporting on the terminal of saying that US

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00:36:42,920 --> 00:36:45,960
Speaker 1: officials are now saying that Beijing might be hardening their stance,

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00:36:46,040 --> 00:36:48,680
Speaker 1: that they're moving towarwards the Kremlin. And so this is

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00:36:48,760 --> 00:36:51,440
Speaker 1: coming at a very pivotal point for the US to

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00:36:51,480 --> 00:36:54,880
Speaker 1: sort of step in and let President She know that

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00:36:54,960 --> 00:36:57,560
Speaker 1: should they go ahead and either help Moscow with either

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00:36:57,719 --> 00:37:01,200
Speaker 1: military aid or sanctions relief, that there will be additional

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00:37:01,280 --> 00:37:05,720
Speaker 1: sanctions for China. Well, if there is this consensus building

700
00:37:05,760 --> 00:37:10,120
Speaker 1: in the White House that China's position may be hardening here, Emily,

701
00:37:10,239 --> 00:37:12,960
Speaker 1: what are the expectations going in on whether the President

702
00:37:13,320 --> 00:37:16,840
Speaker 1: will have any influence on China's President She when it

703
00:37:16,920 --> 00:37:19,880
Speaker 1: comes to Russia. I mean, certainly this call wouldn't be

704
00:37:19,960 --> 00:37:22,800
Speaker 1: happening if officials weren't had din't have some degree of

705
00:37:22,880 --> 00:37:26,000
Speaker 1: confidence that that Biden could potentially make a difference at

706
00:37:26,040 --> 00:37:28,680
Speaker 1: this point. One thing we're really keeping an eye out

707
00:37:28,760 --> 00:37:31,480
Speaker 1: here is for what sanctions might be threatened. The White

708
00:37:31,520 --> 00:37:34,720
Speaker 1: House really hasn't gone into detail on that at that point,

709
00:37:35,520 --> 00:37:37,360
Speaker 1: but we know that that it is a concern. We

710
00:37:37,480 --> 00:37:40,319
Speaker 1: heard Secretary of State Anthony B. Linklin say that they

711
00:37:40,360 --> 00:37:44,880
Speaker 1: think that China could be considering directly assisting Russia with

712
00:37:45,040 --> 00:37:48,719
Speaker 1: military assistance to use in Ukraine. Uh And so I

713
00:37:48,840 --> 00:37:51,040
Speaker 1: think today is both going to be an attempted by

714
00:37:51,080 --> 00:37:54,719
Speaker 1: the Biden administration to really kind of war in China

715
00:37:54,880 --> 00:37:57,560
Speaker 1: about what the fall will be should they decide to

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00:37:57,600 --> 00:38:01,319
Speaker 1: help the Kremlin while we wait to or potentially any

717
00:38:01,520 --> 00:38:04,759
Speaker 1: clarity from China on its position when it comes to

718
00:38:04,880 --> 00:38:09,279
Speaker 1: Russia's war, We're getting a pretty dire assessment from the

719
00:38:09,400 --> 00:38:13,399
Speaker 1: Pentagon when it comes to Russia's intentions if this war

720
00:38:13,520 --> 00:38:16,400
Speaker 1: continues to drag on. Yeah, it's a pretty bleak new

721
00:38:16,440 --> 00:38:20,440
Speaker 1: assessment sixty seven pages um And the main takeaway from

722
00:38:20,520 --> 00:38:23,279
Speaker 1: it is is that Russia that outlook is pretty grim

723
00:38:23,440 --> 00:38:26,600
Speaker 1: right now. They're not having the resources that they need

724
00:38:27,080 --> 00:38:29,919
Speaker 1: for some of these missiles that they're producing, their ground

725
00:38:29,960 --> 00:38:33,200
Speaker 1: invasion installed, and it says that putin in this in

726
00:38:33,280 --> 00:38:36,719
Speaker 1: the light of all these setbacks for Russia, could turn

727
00:38:36,840 --> 00:38:40,960
Speaker 1: to nuclear weapons and threatening nuclear weapons. Obviously, this is

728
00:38:41,000 --> 00:38:42,800
Speaker 1: sort of one of the big concerns with talking to

729
00:38:42,880 --> 00:38:45,279
Speaker 1: members of Congress this week, they said, you know, we

730
00:38:45,400 --> 00:38:47,640
Speaker 1: have to start thinking about what our red lines are

731
00:38:47,840 --> 00:38:51,040
Speaker 1: when would we potentially get involved in terms of our

732
00:38:51,160 --> 00:38:56,040
Speaker 1: military and they mentioned nuclear use of nuclear news as

733
00:38:56,120 --> 00:38:59,279
Speaker 1: something where they might wind up getting in and so

734
00:38:59,520 --> 00:39:01,160
Speaker 1: it's sort of just seemed to see at this point

735
00:39:01,239 --> 00:39:03,759
Speaker 1: the pressure that's clearly on putin the sanctions seem to

736
00:39:03,800 --> 00:39:06,680
Speaker 1: be working. The resistance from the Ukrainian people seem to

737
00:39:06,719 --> 00:39:09,640
Speaker 1: be wearing Russia down. Um, and it's just a question

738
00:39:09,719 --> 00:39:12,960
Speaker 1: then of what is Russia's next move now. I wonder what,

739
00:39:13,360 --> 00:39:19,840
Speaker 1: if anything, this report's assessment says about what the Pentagon

740
00:39:20,080 --> 00:39:24,120
Speaker 1: thinks that Putin's ultimate goals are in this war. If

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00:39:24,160 --> 00:39:28,680
Speaker 1: he's uh, the idea is that he could eventually threatened

742
00:39:28,719 --> 00:39:32,400
Speaker 1: to use nuclear weapons, how much farther could this war progress?

743
00:39:32,960 --> 00:39:35,000
Speaker 1: I mean, it seems like what Putin's goal is here,

744
00:39:35,080 --> 00:39:37,480
Speaker 1: at least according to the report, is to really sort

745
00:39:37,520 --> 00:39:39,880
Speaker 1: of get some of Russia's power back from the pre

746
00:39:40,120 --> 00:39:42,680
Speaker 1: Cold War era. That that seems to be his focus,

747
00:39:42,840 --> 00:39:45,279
Speaker 1: what he is is focused on here. I mean, I

748
00:39:45,360 --> 00:39:48,160
Speaker 1: think there's a question of of what his own calculation

749
00:39:48,480 --> 00:39:52,520
Speaker 1: is because clearly right now the world is against Russia.

750
00:39:52,560 --> 00:39:55,400
Speaker 1: You are seeing all of these sanctions from numerous countries,

751
00:39:55,960 --> 00:39:59,240
Speaker 1: including the more recent sanctions that passed the House yesterday

752
00:39:59,800 --> 00:40:02,960
Speaker 1: that would sort of end permanent normal trade relations with Russia.

753
00:40:03,560 --> 00:40:05,719
Speaker 1: And so at this point, if Putin's goal is to

754
00:40:05,760 --> 00:40:09,600
Speaker 1: sort of build up Russia to its former glory, uh,

755
00:40:09,800 --> 00:40:12,480
Speaker 1: he's managed instead to really turn the world against it

756
00:40:12,880 --> 00:40:16,160
Speaker 1: and and really really hurt Russia's economy. I think about

757
00:40:16,280 --> 00:40:18,760
Speaker 1: thirty seconds left here. Emily, you mentioned the House passing

758
00:40:18,800 --> 00:40:21,960
Speaker 1: those new sanctions, the normal trade status being revoked. That's

759
00:40:21,960 --> 00:40:24,359
Speaker 1: going on to the Senate. Now, what are the prospects

760
00:40:24,680 --> 00:40:28,359
Speaker 1: for this legislation there? So it seems like it's pretty good.

761
00:40:28,560 --> 00:40:31,839
Speaker 1: It passed the House with really wide bipartisan support, only

762
00:40:31,920 --> 00:40:36,120
Speaker 1: a few members voted against it. Um when Senator rather

763
00:40:36,320 --> 00:40:38,960
Speaker 1: Majority Leader Chuck Schumer said on Thursday that the Senate

764
00:40:39,239 --> 00:40:41,759
Speaker 1: does plan to take up and quickly pass this legislation.

765
00:40:42,160 --> 00:40:44,520
Speaker 1: I think the big outstanding question right now is that

766
00:40:45,040 --> 00:40:48,400
Speaker 1: the oil ban on Russian oil imports that passed the

767
00:40:48,440 --> 00:40:50,640
Speaker 1: House is also stuck in the Senate, and there's a

768
00:40:50,680 --> 00:40:53,479
Speaker 1: lot of discussion demove the two bills together. What also

769
00:40:53,560 --> 00:40:56,520
Speaker 1: happens with this Global Minitsky Human Rights Act, which would

770
00:40:56,520 --> 00:40:59,640
Speaker 1: allow Biden to impose further sanctions on Russia for human

771
00:40:59,760 --> 00:41:02,640
Speaker 1: rights violations. So I think there's sort of a wider

772
00:41:02,760 --> 00:41:06,279
Speaker 1: question about what's going on, but there definitely is momentum

773
00:41:06,560 --> 00:41:09,040
Speaker 1: for this legislation to pass in the Senate. All right,

774
00:41:09,120 --> 00:41:12,000
Speaker 1: as always, thanks Emily Bloomberg. Government reporter Emily Wilkins with

775
00:41:12,120 --> 00:41:15,600
Speaker 1: us from the nation's capital, Karen Nathan. It is six

776
00:41:15,680 --> 00:41:18,840
Speaker 1: fifties six on Wall Street. This is Bloomberg Daybreak and

777
00:41:19,000 --> 00:41:21,799
Speaker 1: Marches Women's History Month, and every day this month, we're

778
00:41:21,880 --> 00:41:25,719
Speaker 1: celebrating significant moments in women's history. Now with your installment

779
00:41:25,800 --> 00:41:28,680
Speaker 1: for our March eighteen, here's Bloomberg's Real need a Young

780
00:41:29,120 --> 00:41:31,839
Speaker 1: On this day in Women's History. In nineteen seventy, over

781
00:41:31,960 --> 00:41:35,040
Speaker 1: one women staged a sit in at the Ladies Home Journal,

782
00:41:35,239 --> 00:41:38,560
Speaker 1: occupying the office for eleven hours that were protesting the

783
00:41:38,600 --> 00:41:42,600
Speaker 1: way the magazine depicted female interests and perspectives. At the time,

784
00:41:42,719 --> 00:41:45,400
Speaker 1: the staff of the Ladies Home Journal was comprised mostly

785
00:41:45,480 --> 00:41:49,400
Speaker 1: of men. Protesters argued that the content focused almost entirely

786
00:41:49,480 --> 00:41:53,320
Speaker 1: on housework, beauty, and the support of the patriarchy. On

787
00:41:53,440 --> 00:41:56,279
Speaker 1: that day, protesters made demands to the editor in chief,

788
00:41:56,400 --> 00:41:59,520
Speaker 1: John McCarter and senior editor lean Or Hershey, who was

789
00:41:59,600 --> 00:42:02,360
Speaker 1: one of the only women on staff. Among those demands

790
00:42:02,400 --> 00:42:04,960
Speaker 1: were the hiring of a female editor in chief and

791
00:42:05,040 --> 00:42:08,840
Speaker 1: an all female editorial staff, raising women's salaries, and hiring

792
00:42:08,920 --> 00:42:12,440
Speaker 1: diverse women. Later on, in nineteen seventy three, hers She

793
00:42:12,680 --> 00:42:16,160
Speaker 1: was named editor in chief. That's today in Women's History,

794
00:42:16,520 --> 00:42:20,320
Speaker 1: I'm reneed a young. Bloomberg Radio every native, thank you again.

795
00:42:20,400 --> 00:42:23,759
Speaker 1: Futures are lower this morning. SNP Future is down twenty

796
00:42:23,840 --> 00:42:26,719
Speaker 1: nine points. Now Future is down two hundred two and

797
00:42:26,800 --> 00:42:29,480
Speaker 1: NASTAG futures down ninety nine. At a ten year treasury

798
00:42:29,960 --> 00:42:32,880
Speaker 1: up seven thirty seconds, YELD two point one four percent,

799
00:42:33,040 --> 00:42:35,640
Speaker 1: yield on the two year one point nine zero percent,

800
00:42:36,080 --> 00:42:38,759
Speaker 1: NIMEX Screwed oil isn't a hundred four dollars eighteen cents

801
00:42:38,840 --> 00:42:43,440
Speaker 1: a barrel, and Bloomberg surveillance is straight ahead For Nathan Hagar,

802
00:42:43,640 --> 00:42:46,759
Speaker 1: I'm Karen Moscow, and this is Bloomberg