Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: Daybreak for Friday, March eighteen two. Coming up this shower,
Speaker 1: President vite And speaks with China's shi Jin King in
Speaker 1: an effort to help end the war in Ukraine. Pendergon
Speaker 1: Morris that Russia may threaten to use nuclear weapons if
Speaker 1: it's invasion of Ukraine is stalled. Investors brace for more
Speaker 1: volatility as the trading week comes to a close and
Speaker 1: the DIRNA requests FDA approval for a fourth COVID shot.
Speaker 1: Former New York Governor Clomo says he's opened to running
Speaker 1: for his old job. Plus, Sarah Palin is appealing or
Speaker 1: loss in the defamation suit against The New York Times'
Speaker 1: Michael Laaren. More ahead, I'm John stag Daron sports Islanders,
Speaker 1: stopped the Rangers at the Garden and St. Peter's stunned
Speaker 1: Kentucky in the n C Double Day Tournament. That's all
Speaker 1: straight ahead on Bloomberg day Break on Bloomberg. You live
Speaker 1: in Trio, New York, Bloomberg one, Washington, d C, Bloomberg
Speaker 1: one O six one, Boston, Bloomberg nine sixties, San Francisco.
Speaker 1: Sirius x M one nineteen and around the world old
Speaker 1: on Bloomberg Radio dot com and via the Bloomberg Business.
Speaker 1: Good morning. I'm Nathan Hager and I'm Karen Moscow, and
Speaker 1: we are coming up to six oh one on Wall Street.
Speaker 1: Futures are lower this morning, and we checked the markets
Speaker 1: every fifteen minutes throughout the trading day. On Bloomberg. Right now,
Speaker 1: SNP futures are down twenty five points down, futures down
Speaker 1: one sixty seven and NAS day features down to the
Speaker 1: tenure Treasury at five thirty seconds yield two point one
Speaker 1: five percent, the yield down the two year one point
Speaker 1: nine zero percent. Nine next screwed oil of one point
Speaker 1: two percent of a dollar twenty nine and a hundred
Speaker 1: four dollars twenty seven cents of barrel Comic school is
Speaker 1: down a half percent or ten dollars twenty cents at
Speaker 1: ninety eight announced and the euro one point one zero
Speaker 1: five eight against the dollar. Nathan, all right, Karen, we'll
Speaker 1: have more of the markets in a minute. But this
Speaker 1: could be a pivotal day in Russia's war with Ukraine.
Speaker 1: In just a few hours, President Biden holds his first
Speaker 1: call in months with one of Vladimir Putin's closest allies,
Speaker 1: Chinese president she j in Ping. It comes as Russia's
Speaker 1: forces appear bogged down outside Ukraine's capital city, Kiev. We
Speaker 1: get more from Bloomberg's Amy Morris in our newsroom in Washington.
Speaker 1: While the UK Ministry of Defense believes Russia's invasion has
Speaker 1: stalled on all fronts, that has not stopped the intense
Speaker 1: battles and shelling around schools, hospitals, and residential areas, leading
Speaker 1: US officials to believe war crimes have been committed. Now,
Speaker 1: President Biden meets today with China President shi Jinping. Secretary
Speaker 1: of State Anthony B. Lincoln says Biden will issue a
Speaker 1: warning to Beijing that helping Russia will have consequences. We
Speaker 1: believe China in particular has a responsibility to use its
Speaker 1: influence with President Putin and to defend the international rules
Speaker 1: and principles that it professes to support. Instead, it appears
Speaker 1: that China is moving in the opposite direction. This as
Speaker 1: the Pentagon warns Russia may threaten to use nuclear weapons
Speaker 1: if their invasion of Ukraine is stalled. In Washington, I'm
Speaker 1: Mayne Morris, Bloomberg Daybreak Right, Amy thank you, stiff defense
Speaker 1: from Ukraine and economic sanctions race, speculation of a new
Speaker 1: clear threats from Russia. Former Secretary of Defense and CIA
Speaker 1: Director of Leon Panetta says diplomatic talks won't be enough
Speaker 1: to deter Putin. Panetta said the U s should continue
Speaker 1: to arm Ukraine as Putin doubles down. This is a
Speaker 1: power game. Putin understands power. He really doesn't understand diplomacy
Speaker 1: very much. He understands power. And the only way to
Speaker 1: convince Putin that this is not going anywhere and that
Speaker 1: he should take some kind of off ramp is to
Speaker 1: continue to beat him on the battlefield. Former Defense Secretary
Speaker 1: Leon Panetta at the comments on Bloomberg's Balance of Power
Speaker 1: with David Weston. Catch the program weekdays at noon Wall
Speaker 1: Street Time on both Bloomberg Radio and television. The cost
Speaker 1: of ensuring Russian debt against default has dropped. This morning,
Speaker 1: Karen Bloomberg, Noose has learned that funds earmarks for interest
Speaker 1: payments on the Russian government's dollar notes were sent to
Speaker 1: the payment agent. Sources say JP Morgan Chase process the
Speaker 1: funds and sent the money on the city group that
Speaker 1: is Spring Optimism. The bonds may be settled in dollars. Well, Nathan,
Speaker 1: if the war and a FED right hike we're not
Speaker 1: enough for stairs to handle, there could be more volatility
Speaker 1: than usual today and we get the latest live with
Speaker 1: Bloomberge John Tucker, John Karen is the quarterly event known
Speaker 1: as triple witching. Single stock and index level options are
Speaker 1: set to expire today. At the same time, more near
Speaker 1: the money options are maturing than at any time since.
Speaker 1: If that's not enough, there's a rebalancing of benchmark indexes,
Speaker 1: a combination that tends to spark single day volumes that
Speaker 1: rank among the highest of the year. Lorie Camvassin ahead
Speaker 1: of US Equity Strategy at RBC Capital Markets is the
Speaker 1: wild swings won't end here. I think that volatility is
Speaker 1: likely to stay elevated for quite some time. We like
Speaker 1: balanced portfolios between growth and value. We do think that
Speaker 1: growth stocks are ultimately going to recover, but we think
Speaker 1: that's going to be because markets are going to continue
Speaker 1: to price in nervousness and what high quality exposure. That's
Speaker 1: Lori Calvasina at RBC. The rebalance of the index alone
Speaker 1: could lead to thirty three billion dollars of stock trades
Speaker 1: in today's session Live to New York. I'm John Tucker,
Speaker 1: Boomberg Daybreak. All right John, thanks. This is also another
Speaker 1: day of all utility in nickel trading in London. Let's
Speaker 1: go there live and get the latest from Bloomberg's You
Speaker 1: Win Parts. Good morning you, Good morning Athan and Karen.
Speaker 1: Yet another glitchy open for the nickel market today as
Speaker 1: the price continues it's to treat from an unprecedented short squeeze.
Speaker 1: Last week, Nickel dropped by the maximum allowed for a
Speaker 1: third straight day, Nickel tumbling twelve percent to the daily limits,
Speaker 1: a limit which has only just been increased from eight
Speaker 1: percent in the previous session. Frustrating Friday, after a frustrating
Speaker 1: week for the London Metal Exchange. They'll be very pleased
Speaker 1: that tomorrow is Saturday, Live in London. I'm you and
Speaker 1: Portsmoon mid daybreak. Alright you and thank you all. Beck
Speaker 1: you're in the US. And Corporate News General Electric Slash
Speaker 1: CEO Larry Cops pay package by ten million dollars a year.
Speaker 1: It's a surprise move in response to last year's rebuked
Speaker 1: by shareholders. Cops total target compensation went from about twenty
Speaker 1: one million to eleven million dollars. All right, let's take
Speaker 1: a look at some stocks moving in early trading. Carreen
Speaker 1: shares a fed extra, down about four percent this morning.
Speaker 1: The delivery company posted quarterly profit below analyst estimates. Rising
Speaker 1: costs related to a US labor shortage and lower than
Speaker 1: expected package volume, dragged on gains from pricing increases. Shares
Speaker 1: of Game stopp are down now more than seven percent.
Speaker 1: That company reported a surprise loss during the holiday quarter. Well,
Speaker 1: turning to the pandemic now, Nathan Madonna is asking for
Speaker 1: US government approval for a fourth COVID shot for adults,
Speaker 1: so we get the latest Live or a Bloomberg's real
Speaker 1: need a young good morning, Ready down, Good morning Karen.
Speaker 1: This would cover significantly more people than Fiser's earlier request
Speaker 1: for emergency authorization for fourth shot, which was for those
Speaker 1: over sixty five years old. And right now there's a
Speaker 1: heated debate over how long vaccines protect from infection and
Speaker 1: whether repeated shots are necessary to prevent severe disease and death. Meantime,
Speaker 1: Dr Anthony Fauci says the US could see COVID nineteen
Speaker 1: cases rise again and vulnerable people would likely need a
Speaker 1: fourth dose. Live in New York I'm really need a
Speaker 1: young Bloomberg daybreak. I ren need a thanks right now
Speaker 1: as some p few cheers are down twenty two point.
Speaker 1: Staff futures down a hundred fifty six, and nastac futures
Speaker 1: they're lower by seventy one points. The tenure treasury right
Speaker 1: now is up six thirty seconds, the yield two point
Speaker 1: one four per cent. Straight ahead, we have your latest
Speaker 1: local headlines, plus a check of sports. This is Bloomberg
Speaker 1: that brings us to six oh seven on Wall Street,
Speaker 1: fifty one degrees in Central Park. Pretty bad accident on
Speaker 1: northbound FDR Drive at seventy street. Tails coming up in traffic.
Speaker 1: First Michael Barr with more on what's going on in
Speaker 1: New York and around the world. Morning Michael, Good morning, Nathan.
Speaker 1: New York Governor Kathy Oakel says that state agencies and
Speaker 1: public authorities will stop doing business with companies that have
Speaker 1: continued to do business with Russia. Hocal previously signed and
Speaker 1: executive order banning state agencies from doing business with Russian companies.
Speaker 1: Locals spoken Younger's where now, We're going to prohibit any
Speaker 1: state agencies and authorities from contracted with any entities that
Speaker 1: are still doing business in Russia. Governor Hocal also said
Speaker 1: New York will also send one hundred thousand pounds of
Speaker 1: medical supplies, including masks and gowns, to Ukraine. Andrew Cuomo
Speaker 1: says he's opened to running for New York governor again
Speaker 1: and would consider creating his own political party to do so. Cuomo,
Speaker 1: a Democrat who resigned in August and in a sexual
Speaker 1: harassment scandal, delivered his second public address in as many weeks,
Speaker 1: this time to a group of clergy in the Bronx.
Speaker 1: New details are emerging about the driver of a pickup
Speaker 1: truck that slammed into a college golf team van in
Speaker 1: West Texas, killing nine people. According to the NTSP, it
Speaker 1: was the failure of the left front tire of the pickup.
Speaker 1: In TSB vice chair Bruce Landsburgh says as for the
Speaker 1: driver of the pickup, a thirteen year old child was
Speaker 1: behind the wheel of the pickup truck. The NTSB s
Speaker 1: Bruce Landsburg says the spared tire failed on the pickup
Speaker 1: at seventy five that resulted in the truck veering into
Speaker 1: the golf team bus. At least five people died and
Speaker 1: several were injured. In chain reaction crashes involving dozens of
Speaker 1: vehicles on an interstate in southeast Missouri. Police say thick
Speaker 1: fog led to the crash, about one fifty miles south
Speaker 1: of St. Louis. Forecasters say the multi year mega drought
Speaker 1: that's drained western US reservoirs and parched crop lands across
Speaker 1: California show no signs of easing. The National Oceanic and
Speaker 1: Atmosphereic Administration says the region faces another spring and summer
Speaker 1: of dwindling water resources and rising temperatures. Sarah Palin is
Speaker 1: appealing her loss and the defamation suit she filed against
Speaker 1: The New York Times. Palin says she was denied a
Speaker 1: fair trial the former Alaska governor suit over an opinion
Speaker 1: piece that linked her to a deadly shooting. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than one d twenty countries. Michael Barr and this
Speaker 1: is Bloomberg, Nathan. Thanks Michael six O nine on Wall
Speaker 1: Street Time for the Bloomberg Sports Update. Here's John's Stann shower.
Speaker 1: Thanks Nathan. They're celebrating in Jersey City. A couple of
Speaker 1: months ago. St. Peter's record was three and six losses
Speaker 1: to l i U and Stony Brook lost in St.
Speaker 1: John's by twenty one. And yet the Peacocks able to
Speaker 1: win their conference Turney gain entry to the n c
Speaker 1: Double A Tournament, where they pulled off a huge first
Speaker 1: round stunner, beating might In Kentucky eighty five seventy nine
Speaker 1: in overtime, only the tenth time ever a fifteen seed
Speaker 1: has beaten a two Darrow Banks to twenty seven points.
Speaker 1: You know, uh playing basketball and you grow up watching
Speaker 1: college basketball and college basketball in the Marsh Madness Tournament.
Speaker 1: So just letting that sink in, knowing that the game
Speaker 1: is over. We got it. Just a really good first
Speaker 1: n c A win in school history and the third
Speaker 1: ever for the Metro Atlantic Conference. Biggest upset today not
Speaker 1: the only one. Twelfth seeded New Mexico State knocked off
Speaker 1: Yukon and Richmond upset Iowa. Since seeding began in nineteen
Speaker 1: seventy nine, Richmond has won nine times as a twelve
Speaker 1: seeder lower. No other school has done up more than
Speaker 1: four times. At the Garden Islanders on a Kyle Palmary
Speaker 1: goal beat the Rangers to the one, the Ranger go
Speaker 1: all the forty the year for Chris Crider or twenty
Speaker 1: one of those have been on the power Play. Giants
Speaker 1: have released veteran safety Logan Ryan Big NFL trade that
Speaker 1: made Last Night Green Day since Star Wives and seeber
Speaker 1: Davante Adams to Las Vegas for first and second round
Speaker 1: draft picks, and Adams has agreed to a new five
Speaker 1: year contact with the Raiders. Brown's quarterback Baker Mayfield has
Speaker 1: requested a trade upset that Cleveland showed interest in acquiring
Speaker 1: to Shaun Watson, who is expected to be dealt by Houston,
Speaker 1: but to either Atlanta or New Orleans. Nixon Nets have
Speaker 1: home games tonight and the Yankees play this afternoon. They
Speaker 1: take on the Pirates and Breton team John Dash Dower
Speaker 1: Bloomberg Sports Nathan all Right, John thanks SMP futures now
Speaker 1: down twenty one point Stole futures down a hundred forty
Speaker 1: four Nance A futures are lower by seventy three points.
Speaker 1: The ten year treasury is up six thirty seconds. The
Speaker 1: yield two point two year yield one point nine zero.
Speaker 1: Niam X screwed up one pot up a dollar twenty
Speaker 1: two at a hundred four dollars twenty cents of barrel,
Speaker 1: Awaiting the call between Presidents Biden and she on the
Speaker 1: war in Ukraine. Will check again with Bloomberg's Maria Sadeo
Speaker 1: to the European perspective out of Brussels and Bloomberg. Daybreak
Speaker 1: is brought to you by the Jewish Communal Fund j
Speaker 1: c f's Down Advice Fund is the smart choice to
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Speaker 1: Markets headlines and breaking news twenty four hours a day
Speaker 1: at Bloomberg dot com, the Bloomberg Business at and at
Speaker 1: Bloomberg Quicktape's a Bloomberg Business Flash and I'm Karen Moscow.
Speaker 1: Usock Index futures lower this morning along with European shares
Speaker 1: as traders way mixed signals from the peace dogs between
Speaker 1: Russia and Ukraine, embrace revolatility from expiring options, and we
Speaker 1: check the markets every fifteen minutes throughout the trading day
Speaker 1: on Bloomberg S and P futures down twenty eight points down.
Speaker 1: Futures down a hundred eighty six nasdack futures down ninety
Speaker 1: four the decks in Germany's down one percent. Ten year
Speaker 1: treasury up six thirty seconds, held two point one four
Speaker 1: percent yield on the two year one point eight nine percent.
Speaker 1: NIMEX screwed oil is at one point six percent, up
Speaker 1: a dollar sixty at a hundred four dollars fifty seven
Speaker 1: cents a barrel. Comic school there's down four ten percent
Speaker 1: or eight dollars sixty cents at nineteen thirty nine sixty
Speaker 1: and ounce. The euro on point one zero five six
Speaker 1: against the dollar, and bitcoin is at forty thou five
Speaker 1: hundred eighty five dollars. As a Bloomberg business flash. Now
Speaker 1: here's Michael bar with more on what's going on around
Speaker 1: the world. Michael, thank you very much. Karen. World leaders
Speaker 1: called for an investigation of Russia's repeat attacks on civilian
Speaker 1: targets in Ukraine. Meanwhile, rescue workers search for survivors and
Speaker 1: the ruins of a theater that was serving as a
Speaker 1: shelter in Meruple. Today, President Bye will meet with Chinese
Speaker 1: President shi Jing Ping. Top seeds Gonzaga Baylor in Kansas
Speaker 1: have advanced in the second round of the n C
Speaker 1: Double A men's basketball tournament on a day a number
Speaker 1: two seed was dispatched fifteen seed at st Eaters Peacocks.
Speaker 1: See US now beat Kentucky seventy nine in overtime. In
Speaker 1: the NHL, the Islanders beat the Rangers, who won the
Speaker 1: Capitol's one Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quick Take Power by more than
Speaker 1: seven hundred journalists analysts more than a d twenty countries.
Speaker 1: Michael Barr, This is Bloomberg Na. Okay, Michael, Thanks at
Speaker 1: six nineteen on Wall Street Live from the Bloomberg Interactive
Speaker 1: Broker Studios. This is Bloomberg Daybreak and Maria today, ol
Speaker 1: Bloomberg correspondent is back with us from Brussels this morning
Speaker 1: as we await this call in just a few hours
Speaker 1: between Presidents Biden and She of China. Obviously Maria, the
Speaker 1: US president is trying to pressure China to use its
Speaker 1: influence on Russia as this grinding war with Ukraine continues
Speaker 1: from the European perspective. How important is this call scene Well,
Speaker 1: and it's very important because at this point of course,
Speaker 1: China is one of the big geo political agents UH
Speaker 1: in the world, and we've talked about four years now
Speaker 1: about this new access the dragon bear. This is Russia
Speaker 1: and China foreign policy coming together to potentially pose a
Speaker 1: threat and be a arrival to the Western almost rules
Speaker 1: based values uh democracies. When you look at Ukraine at
Speaker 1: this point, this is exacerbated by the conflict. So to
Speaker 1: me is very clear that both the United States but
Speaker 1: also the European Union want to know what China's position
Speaker 1: in this. Are they going to be helping Russia in
Speaker 1: in any way and of course I mean financially, but
Speaker 1: potentially even with military weapons and gear. And then three,
Speaker 1: if they get an indication that that is going to
Speaker 1: be the case, well I would argue we're probably entering
Speaker 1: into a new phase of sanctions between the two sides.
Speaker 1: Meaning the United States has made it clear if there
Speaker 1: is an indication that anyone or any country tries to
Speaker 1: bypass Western sanctions on Russia, they will also pay a penalty.
Speaker 1: When you speak to the Europeans, they say the same thing.
Speaker 1: If you try to do something that derails everything that
Speaker 1: we've put in place to end this war machine by
Speaker 1: Vladimir Putting or help him get a lifeline to continue
Speaker 1: his invasion, that you're going to have to pay a
Speaker 1: price too. Even as the war has been going on,
Speaker 1: there've been nearly daily discussions negotiations between Ukrainian and Russian diplomats.
Speaker 1: Is this call between President Biden and President she seen
Speaker 1: as having any influence on the discussions going on at
Speaker 1: the diplomatic level between Russian and Ukraine. No. I think
Speaker 1: we have to look at them as separate things and
Speaker 1: and different units here. One of course, is the conversations
Speaker 1: between Russia and Ukraine. This is very much about the
Speaker 1: future and and it's about the peace deal, and it's
Speaker 1: potentially a diplomatic way forward. Now, if you ask me today,
Speaker 1: is there a diplomatic way forward between Russia and Ukraine.
Speaker 1: I've really struggled to see one. When I speak to Ukrainians, Uh,
Speaker 1: they almost present this as an existential question for them.
Speaker 1: They really struggled to see how after twenty three days
Speaker 1: of heavy bombing and selling, they can go back to
Speaker 1: anything that looks like a normal relationship with Russia. And
Speaker 1: and they really struggle to see how they can coexist
Speaker 1: with Vladimir Putin still in power. When you look at China,
Speaker 1: what they fear is that at a time in which
Speaker 1: Ukraine continues to defend its territory and it's major cities.
Speaker 1: And remember the Russians have not been able to capture
Speaker 1: any of the big goals. This is day twenty three
Speaker 1: of the war. Is costing a lot of money for
Speaker 1: the Russian Federation, but they haven't been able to get
Speaker 1: to the military goals that they wanted. We see big
Speaker 1: fights in keep the capital, we see big fights in Mariupo.
Speaker 1: This is in the south. It cannots Crimea to the
Speaker 1: dom Bass. But Russia has not made this quick, easy
Speaker 1: grade glory invasion that they promised. Remember they said three
Speaker 1: or four days, we're gonna get this done. Now it's
Speaker 1: turning into almost a month long invasion. So with the Ukrainians,
Speaker 1: worry is that at a time in which they feel
Speaker 1: they can inflict damage on the Russians, the China is
Speaker 1: gonna come in to help them with financial means and
Speaker 1: military means and military weapons, and that's when it could
Speaker 1: get complicated for Ukrainians. Of course, they have a big
Speaker 1: interest and that not happening. We've gotten reports as well
Speaker 1: that Russian President Putin has been speaking today with German
Speaker 1: Chancellor all Off Shultz. Can you get us up to
Speaker 1: speed on what we know about those conversations. Look, what
Speaker 1: we know is that Vladimir Putin has said the talks
Speaker 1: are stalled now and they're not moving ahead quickly because
Speaker 1: the Ukrainians are delaying the whole thing. They need to
Speaker 1: get real, they need a reality check and know that
Speaker 1: some of the conditions that they put on the table
Speaker 1: are simply not acceptable. If they don't do that, we're
Speaker 1: not going to move forward. But you also have to
Speaker 1: see this from the Ukrainian psyche and their mentality, and
Speaker 1: what they argue is we don't trust Russia and we
Speaker 1: don't ust Vladimir Pudding. And if you look at everything
Speaker 1: that Russia has said until now, it's been proven false.
Speaker 1: They said there would be no invasion, there was an invasion.
Speaker 1: They say Belarus is not helping Russia and this war.
Speaker 1: They clearly are. So we're not going to get serious
Speaker 1: about any future deal until and as long there's no ceasefire.
Speaker 1: So for them, the ceasefire is a precondition between the
Speaker 1: real talks begin. So again, going back to the earlier point,
Speaker 1: it's very difficult to see what a diplomatic we forward
Speaker 1: looks like if the war doesn't end on the military front. First,
Speaker 1: and that's why, of course you're seeing that the two
Speaker 1: sides are not looking or speaking. I do I the
Speaker 1: other things, just very briefly, I would know it is
Speaker 1: that to me, this looks like we're at a stage
Speaker 1: in which both sides are trying to almost build up
Speaker 1: leverage for the real talks to begin. Bloomberg's Maria Today. Oh,
Speaker 1: as always, thanks for the perspective area today with us
Speaker 1: this morning from Brussels, as we await that call in
Speaker 1: just a few hours. It's set for nine am Wall
Speaker 1: Street time between President Biden of the US and Chinese
Speaker 1: President shi Jin Pain, looking for more clarity on China's
Speaker 1: position when it comes to this ongoing war in Ukraine.
Speaker 1: Now into day three. Right now, SMP futures down twenty
Speaker 1: seven point, staff futures down a hundred eighty six nanstack
Speaker 1: futures are lowered by eighty seven points. The tenure treasury
Speaker 1: is up six thirty seconds. Right now, the yield two
Speaker 1: point one four ent on the benchmark tenure US Treasury.
Speaker 1: This is Bloomberg Bloomberg eleven three oh. Weather clouds, patchy
Speaker 1: fog will give way to sunshine and the high in
Speaker 1: your seventy today periods of rain to start the weekend.
Speaker 1: Saturday highs in the low sixties, upper fifties, partly sunny
Speaker 1: by Sunday. Right now fifty one in Central Park, broadcasting
Speaker 1: live from the Bloomberg Interacted Broker Studio in New York,
Speaker 1: Bloomberg Living Freedom to Washington, d C. Bloomberg to Boston,
Speaker 1: Bloomberg one A six one to San Francisco, Bloomberg N
Speaker 1: sixty to the Country Sirius XM to the one ninet
Speaker 1: and around the globe to the Bloomberg Business at and
Speaker 1: Bloomberg Radio dot com. This is Bloomberg Daybreak put. It's
Speaker 1: six thirty on Wall Street. Good morning. I'm Nathan Hagar
Speaker 1: and I'm Cameron Moscow, and we're just about three hours
Speaker 1: away from the open of US trading. It's time for
Speaker 1: the five things you need to notice. Start your day.
Speaker 1: To you by Interactive Broker Simple ibk our Global Trader app,
Speaker 1: deposit in your local currency and trade stocks in the US,
Speaker 1: Europe and Asia. Start your free trial and ib gr
Speaker 1: dot com slash Global Trader at first. Russia's invasion continues
Speaker 1: as missiles struck western Ukraine in regions close to the
Speaker 1: border of Poland. According to new Pentagon intelligence, Russian President
Speaker 1: Vladimir Putin may soon levy nuclear threats against the West.
Speaker 1: Well back in Washington, Karen, President Biden a schedule to
Speaker 1: speak with China's President she Jin ping about the war.
Speaker 1: Bloomberg Sad Baxter has the latest. The White House is
Speaker 1: saying it gives President Biden a chance to really assess
Speaker 1: where President She stands and to step up pressure for
Speaker 1: him to cooperate. Spokes on when John Sake, saying it
Speaker 1: will give she a chance to denounce the Russian invasion.
Speaker 1: This flies in the face, of course, of everything China
Speaker 1: stands for, including the basic principles of the UN Charter,
Speaker 1: including the basic principles of respect for sovereignty of nations,
Speaker 1: and sources of Bloomberg say the White House is concerned
Speaker 1: that China's muted response maybe sign that it may be
Speaker 1: moving closer to supporting Moscow. It says this meeting will
Speaker 1: tell that story. In San Francisco, I'm at Bachelor Bloomberg
Speaker 1: Day Break. All right, and thank you well. On Wall
Speaker 1: Street Financial Markets expect fireworks today. On Bloomberg's John Tucker
Speaker 1: joins US Live to explain. John Karen three and a
Speaker 1: half trillion dollars of single stock and index level options
Speaker 1: are set to expire today. At the same time, more
Speaker 1: near the money options are maturing than at any time
Speaker 1: since it's triple witching Friday, and as coincides with a
Speaker 1: rebalancing of benchmark indexes. And this is a combination that
Speaker 1: tends to spark single day volumes that rank among the
Speaker 1: highest of the year. Now watch today if investors rebuild
Speaker 1: their holdings of protective puts or chase the market rebound
Speaker 1: with call contracts. That all ends up to a lot
Speaker 1: of volatility. Live in New York on John Tucker Bloomberg Daybreak.
Speaker 1: Well ahead of all that, John, futures are falling in.
Speaker 1: Oil is back above a hundred dollars of barrel. Right now,
Speaker 1: West Texas Intermediate Crewed is trading in a hundred four
Speaker 1: dollars thirty six cents. Well, turning to the pandemic now,
Speaker 1: Nathan Madonna is asking for US government approval for a
Speaker 1: fourth COVID shot for adults, and we get the latest
Speaker 1: lie from Bloomberg's rind to Young. Good morning, Renida, Good morning, Karen.
Speaker 1: Maderna's request would cover significantly more people than viser's request.
Speaker 1: For emergency authorization for a fourth shot. It was for
Speaker 1: those over sixty five years old. And right now there's
Speaker 1: a debate over how long vaccines protect from infection and
Speaker 1: whether the repeated shots are necessary to prevent severe disease
Speaker 1: and death. Live in New York. I'm gonna need to
Speaker 1: Young Bloomberg daybreak, all right, we need to thank you.
Speaker 1: That's the five things you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers, and right now at
Speaker 1: six thirty three on Wall Street, fifty one degrees in
Speaker 1: Center Park. Things improving after an earlier accident on the
Speaker 1: northbound FDR Drive. Will get the latest in traffic shortly. First,
Speaker 1: Michael Barr, what else is going on in New York
Speaker 1: and around the world this morning? Thank you very much, Nathan.
Speaker 1: New York Governor Kathy ocl says that state agencies and
Speaker 1: public authorities will cease business with companies that have continued
Speaker 1: to do business with Russia, the Democratic having her previously
Speaker 1: signed an executive order banning state agencies from doing business
Speaker 1: with Russian companies. So this is not just directly with
Speaker 1: Russian companies, it is with companies American companies that are
Speaker 1: continuing to do business in Russia in light of what's happening.
Speaker 1: So that is the message that we're delivering to our
Speaker 1: state agencies. Governor Hokele, speaking in Yonkers, also says New
Speaker 1: York will send one hundred thousand pounds of medical supplies,
Speaker 1: including masks and gowns, to Ukraine. Former New York Governor
Speaker 1: Andrew Cuomo is dangling the possibility he may run for
Speaker 1: his former job. Just six months after he resigned amid
Speaker 1: sexual harassment allegations. Cromo gave a campaign style speech to
Speaker 1: a friendly audience of about a hundred people in the Bronx.
Speaker 1: Asked afterwards if he would run for office, Cuomo told
Speaker 1: reporters he is open to all options. Former Alaska Governor
Speaker 1: Sarah Palin is appealing her loss in the defamation suit
Speaker 1: she filed against The New York Times. She sued The
Speaker 1: Times and former opinion page editor James Bennett in t
Speaker 1: seventeen over a pe mistakenly linking her to a deadly shooting.
Speaker 1: Bilan claimed the errors were driven by bias against her.
Speaker 1: Investigators are learning more about Tuesday night's deadly collision of
Speaker 1: a pickup truck and a van carrying New Mexico college
Speaker 1: students and a golf coach. The NTSB says the driver
Speaker 1: of the pickup truck was only thirteen years old. He
Speaker 1: was behind the wheel driving down the two lane road,
Speaker 1: and TSB Vice chair Bruce Landsburg the left front tire,
Speaker 1: which was a spare tire, had failed, which resulted in
Speaker 1: the vehicle pulling hard to the left and crossing into
Speaker 1: the opposing lane. The pickup went head on into the
Speaker 1: van carrying the golf team, killing seven inside both people
Speaker 1: in the pickup who were also killed. A pile up
Speaker 1: on the Missouri Interstate left at least five people dead.
Speaker 1: The crashes involved at least twenty eight tractor trailers and
Speaker 1: numerous smaller vehicles and Interstate fifty seven in southeast Missouri.
Speaker 1: The fog shout at thirteen mile Stretch was closed for hours.
Speaker 1: If you find yourself napping more often, a news doud,
Speaker 1: he suggested, maybe a troubling sign. While napping is a
Speaker 1: normal part of getting older, the study found it may
Speaker 1: also signal and elevated risk for Alzheimer's disease. The study
Speaker 1: is in Alzheimer's and Dementia, The Journal of Alzheimer's Association,
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: hundred journalists analysts more than a hundred twenty countries. Michael Bard,
Speaker 1: this is Bloomberg, Nathan. They've got to rethink every day.
Speaker 1: Thank you, Michael. Just about six thirty six on Wall Street,
Speaker 1: John Stash hours here at the Bloomberg Sports Day, All right, Nathan,
Speaker 1: truly a David versus Goliath type upset. And in Indiana
Speaker 1: that's what the movie hoods. Still we played Jed Kentucky
Speaker 1: State School, thirty two students, winners of eight n C
Speaker 1: Double A tournaments. He had St. Peter's of tiny Jesuit
Speaker 1: School in Jersey City and never won an n C
Speaker 1: Double A game. And yet the Peacocks right there with
Speaker 1: the Wildcats all night and they want it in overtime.
Speaker 1: Eighty five seventy nine. A coach of the Peacocks, Holloway.
Speaker 1: Every team that made it to nan a Torment RP
Speaker 1: the year, Every team that made to NAC del Torments
Speaker 1: think they take advance. You know this, like you just
Speaker 1: have to be good on this night. It's not about
Speaker 1: your records, not about what school you at is who
Speaker 1: who's ever good on that night and tonight you know
Speaker 1: it was on night. Holloway makes about two and fifty
Speaker 1: thousand dollars and he just beat John Calipari, who makes
Speaker 1: eight million. In fact, Calipari has four assistance that make
Speaker 1: more money than Holloway. Tenth time A fifteen seeds beating
Speaker 1: the two. One of three overtime games. Just last night,
Speaker 1: Murray State apt by San Francisco. Creighton trailed for about
Speaker 1: fifty forty minutes and rally past San Diego State. Twelve
Speaker 1: seeded New Mexico State upset Yukon, twelve seeded Richmond upset Iowa.
Speaker 1: Even Gonzaga, the attorney's top overall seed, at a struggle
Speaker 1: at Georgia State, by only four with ten minutes left.
Speaker 1: Gonzaga then went on a to one run. The last
Speaker 1: of the first round games is late tonight in San Diego,
Speaker 1: Seaton Hall against TCU at the Garden Islanders staff the
Speaker 1: Rangers to the one in the Kyle Paul mary Go,
Speaker 1: Chris cried or scored the Ranger go his forty only
Speaker 1: one NHL player has more added. Rogers decided to keep
Speaker 1: playing in Green Bay, but he won't have his best
Speaker 1: weapon to throat through the patterns of trade and Star
Speaker 1: wide out Davante Adam to Las Vegas for first and
Speaker 1: second round draft picks. John Stashal I wear Bloomberg Sports.
Speaker 1: Thanks John. At six thirty seven on Wall Street, time
Speaker 1: to take a look at stock some of the names
Speaker 1: moving in the pre market on this triple witching Friday.
Speaker 1: We're joined by Bloomberg Radio and TV Markets corresponded Crety, Guta, Credy.
Speaker 1: Good morning. What's got your eye? Well, good morning, Nathan.
Speaker 1: We are going to see triple witching. So you are
Speaker 1: going to see some volatility, perhaps no clear direction in
Speaker 1: the market today, just given all the moves, especially ahead
Speaker 1: of the weekend. But there are some earning stories that
Speaker 1: are coming out and there are already moving the market
Speaker 1: before this the stock market actually opens. And let's start
Speaker 1: off here with some of those economically sensitive stocks, especially
Speaker 1: the ones that sent to indicate what the broader economy
Speaker 1: is doing, and by that I mean FedEx. Of course,
Speaker 1: remember when UPS and FedEx were supposed to be these
Speaker 1: big kind of indicators of what the economy was doing. Well,
Speaker 1: this time might might not be so great. Fd X,
Speaker 1: as your takers dropping two percent after reporting results that
Speaker 1: weren't so great. Morgan Stanley saying that the magnitude of
Speaker 1: the misses in the U. S. Company's express and ground
Speaker 1: units maybe quote jarring for investors, and that's very much
Speaker 1: a macro story. To Nathan, speaking of macro, we sho
Speaker 1: talk about commodities because there's really no shortage of that
Speaker 1: talk recently, is there at all? So we never talked
Speaker 1: about U S. Steel. Dewey, the ticker is just the
Speaker 1: letter X minus is down two point two percent. Exees me.
Speaker 1: It's slumping once again on a weaker forecast. But City
Speaker 1: Group actually a little more optimistic. They're saying the US
Speaker 1: sits in the middle of massive steel inflation spreading out
Speaker 1: into Europe, and those steel prices, well, they might fall
Speaker 1: in China, but Europe is more relevant in our view.
Speaker 1: So we do see perhaps some of the forecast coming
Speaker 1: down from U S. Steel, but they're saying keep an
Speaker 1: eye on Europe. That's really where you might see a
Speaker 1: some of that pickup show up on top of the macro,
Speaker 1: on top of all the gyrations around the war in Ukraine.
Speaker 1: There may be a little bit of movement around COVID
Speaker 1: as well. Because we're following this news of Maderna looking
Speaker 1: for approval for a fourth shot. Is that taking the
Speaker 1: stock any It absolutely is up one point four percent
Speaker 1: of the journal shares. M r n A is your taker,
Speaker 1: And to your point, they're requesting FDA clearance to base
Speaker 1: for that fourth COVID shot for adults. And remember, if
Speaker 1: they get this, this will actually help them get more
Speaker 1: market share over Visor's candidate as well. And that's a
Speaker 1: really big deal when it comes to just kind of
Speaker 1: the ongoing momentum for some of these companies that have
Speaker 1: really exploded during COVID. I'm gonna end here with a
Speaker 1: meme stock had to do it. Game Stock g m
Speaker 1: E is your ticker, reporting quarterly losses that were wider
Speaker 1: than expected, baired though saying that the video game retailer's
Speaker 1: margins were quote significantly below expectations. Taking a bit of
Speaker 1: a hit this morning. G M is your taker, down
Speaker 1: eight percent, Nathan, not really acting like a meme stock,
Speaker 1: But there you go, you bring back fundamentals. There it
Speaker 1: is LIVERG Radio TV Markets correspondent Creedy Gupta. As always,
Speaker 1: thanks for the pre market update and as we take
Speaker 1: a look at stocks as a whole ahead of the open,
Speaker 1: on triple witching Friday. They're moving lower. SMP futures down point,
Speaker 1: Staff futures down a hundred, have any six and Nasdaq
Speaker 1: futures are on the decline by eighty six points. The
Speaker 1: tenure Treasury right now is up eight thirty seconds, the
Speaker 1: yield two point one. Let's talk about commodities again, and
Speaker 1: I'm x screwed up one point one at a hundred
Speaker 1: four dollars nine cents of barrel. You're listening to Bloomberg
Speaker 1: tape right Good morning, Bloomberg eleven three oh weather, some
Speaker 1: clouds a patche five, but they'll give away to sunshine
Speaker 1: today in a high ner seventy degrees, will be rainy
Speaker 1: tomorrow though, low sixties, turning partly sunny again. Upper fifties
Speaker 1: though for Sunday. Right now fifty one in Central Park Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, at the Bloomberg Business app, and at
Speaker 1: Bloomberg Quick Tape. He's a Bloomberg Business lash and I'm
Speaker 1: Karen Moscow. You watch stock index futures are lower this morning.
Speaker 1: We get to the first word breaking news dance for
Speaker 1: today's morning call. And here's Bill Maloney, Bill, good morning,
Speaker 1: and good morning, Karen. That's right. U s features are
Speaker 1: in the red right now at down futures down a
Speaker 1: hundred two points, s SP Shop thirty NASDAK futures are
Speaker 1: lower by a hundred. The US ten year old at
Speaker 1: two point one four percent, Gold is down eight Oil
Speaker 1: is climbing, but Bitcoin is trading little changed. Shanghai rose
Speaker 1: one point one percent overnight, while up of markets are
Speaker 1: in the red this morning and back in the US
Speaker 1: on the economic front, at ten o'clock, existing home sales
Speaker 1: after de Bellos night, FedEx CPS missed estimates, GameStop reported
Speaker 1: is down eight percent, PREMRKET and US Steel cut its
Speaker 1: guidance and other news. Russia's credit rating was again cut
Speaker 1: by S and P, and Moderna asked the FDA to
Speaker 1: clear a second booster shot for all adults. Wrapping things up.
Speaker 1: TransUnion was cut to neutral. Over at Goldman Sachs Live
Speaker 1: from the First Breaking News Desk on Bill Maloney, Karen,
Speaker 1: all right, Bill, thank you to hear live breaking news
Speaker 1: of her Bloomberg type squawk on your turbine. I'll escue
Speaker 1: you a w K and that's a Bloomberg business flash
Speaker 1: now here's Michael bar with more on what's going on
Speaker 1: around the world. Michael Karen, thank you very much. Russian
Speaker 1: forces are pressing their assault on Ukrainian cities, striking on
Speaker 1: the outskirts of the capital Kiev and the western city
Speaker 1: of Leviv. Rescue workers are still searching for survivors in
Speaker 1: the ruins of a theater that was serving as a
Speaker 1: shelter in the besiege southern city of Maryupol. President Joe
Speaker 1: Biden will talk on the phone with Chinese President Shi
Speaker 1: Jing Ping today. Biden hopes Beijing will ranchet up pressure
Speaker 1: on Moscow to end its war in Ukraine. In the
Speaker 1: n C Double Amn's Basketball Tournament St. Peter's As Proud
Speaker 1: as a Peacock, the Jersey City team, ranked fifteen, beat
Speaker 1: number two seed Kentucky eight five seventy nine in overtime.
Speaker 1: Top seeds Gonzaga, Baylor, and Kansas advanced to the second round.
Speaker 1: In the NHL, the Islanders beat the Rangers to one.
Speaker 1: The Capitals One Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quicktake, powered by more than
Speaker 1: twenty seven hundred journalist and analyst more than a hundred
Speaker 1: twenty countries. I'm Michael Barr. This is Bloomberg. Karen al right,
Speaker 1: Michael Barr, thank you. At six forty nine on Wall Street,
Speaker 1: and we turned to news and science and Technology Now
Speaker 1: with a Bloomberg n j I T STEM report brought
Speaker 1: to you by New Jersey Institute of Technology ranked in
Speaker 1: the top two percent nationally for alumni mid career earnings
Speaker 1: and number one in the nation for student upward economic mobility.
Speaker 1: More at n j I T dot e DU And
Speaker 1: here's what's making news now in science, Technology, engineering, and math.
Speaker 1: The war in Ukraine is having an impact on the
Speaker 1: space program. Europe is going to have to wait at
Speaker 1: least several more years and may need NASA's help before
Speaker 1: at first planned Mars rover can drill into the planet's
Speaker 1: dusty surface seeking signs of whether it ever hosted life.
Speaker 1: The European Space Agency says it will no longer attempt
Speaker 1: to send the XO Mars Rover aloft this year on
Speaker 1: a Russian rocket, and may now have to strip out
Speaker 1: the mission's many Russian counter components. Rather, scientists are getting
Speaker 1: their first peak at the genes of nearly one hundred
Speaker 1: thousand Americans, and what's considered a uniquely diverse genomic database.
Speaker 1: Part of a quest to reduce health disparities and and
Speaker 1: cookie cutter care, the National Institutes of Health released the
Speaker 1: data to help researchers start unraveling how people's genes, environments,
Speaker 1: and lifestyles interact to drive their health, and half the
Speaker 1: studies participants are from racial and ethnic groups historically left
Speaker 1: out of medical research. The Great Barrier Reefs government agencies
Speaker 1: says harder than average temperatures are causing increased coral bleaching,
Speaker 1: which occurs when corals enter a distress state and lose
Speaker 1: their allergy, increasing chances of disease or death. The agency's
Speaker 1: chief scientists says bleaching is becoming more common at the
Speaker 1: reef and this incident risks being a mass bleaching event
Speaker 1: and as a Bloomberg and j I t Stem report.
Speaker 1: Nathan Okay, Karen, thank you. We're live from the Bloomberg
Speaker 1: Interactive Broker Studios, where it's coming up to six fifty
Speaker 1: one on Wall Street. Time out to check what's going
Speaker 1: on in d C. Some of the top stories in
Speaker 1: our nation's capital include President Bidence speak with China's Shijin
Speaker 1: Ping on the war in Ukraine. The Pentagon warning Putin
Speaker 1: could make nuclear threats at the war drags on, and
Speaker 1: the House voting to end Russia's normal trade status. Let's
Speaker 1: bring in Bloomberg government reporter Emily Wilkins, when we were
Speaker 1: just about two hours away from the scheduled start of
Speaker 1: this call between Presidents Biden and she Emily, how pivotal
Speaker 1: does the White House think this call will be when
Speaker 1: it comes to at least exerting some kind of pressure
Speaker 1: on Russia to end the war. I mean, this is
Speaker 1: certainly going to be a huge call today. There's a
Speaker 1: lot of question about where China actually stands in regard
Speaker 1: to the Kremlin. Their message has been very, very careful here, Nathan.
Speaker 1: They have talked about wanting to you know, that they
Speaker 1: won't attack Ukraine, that they want peace in the region.
Speaker 1: But at the same point, they really have not come
Speaker 1: out and criticized Russia for anything they did. And we're
Speaker 1: now seeing reporting on the terminal of saying that US
Speaker 1: officials are now saying that Beijing might be hardening their stance,
Speaker 1: that they're moving towarwards the Kremlin. And so this is
Speaker 1: coming at a very pivotal point for the US to
Speaker 1: sort of step in and let President She know that
Speaker 1: should they go ahead and either help Moscow with either
Speaker 1: military aid or sanctions relief, that there will be additional
Speaker 1: sanctions for China. Well, if there is this consensus building
Speaker 1: in the White House that China's position may be hardening here, Emily,
Speaker 1: what are the expectations going in on whether the President
Speaker 1: will have any influence on China's President She when it
Speaker 1: comes to Russia. I mean, certainly this call wouldn't be
Speaker 1: happening if officials weren't had din't have some degree of
Speaker 1: confidence that that Biden could potentially make a difference at
Speaker 1: this point. One thing we're really keeping an eye out
Speaker 1: here is for what sanctions might be threatened. The White
Speaker 1: House really hasn't gone into detail on that at that point,
Speaker 1: but we know that that it is a concern. We
Speaker 1: heard Secretary of State Anthony B. Linklin say that they
Speaker 1: think that China could be considering directly assisting Russia with
Speaker 1: military assistance to use in Ukraine. Uh And so I
Speaker 1: think today is both going to be an attempted by
Speaker 1: the Biden administration to really kind of war in China
Speaker 1: about what the fall will be should they decide to
Speaker 1: help the Kremlin while we wait to or potentially any
Speaker 1: clarity from China on its position when it comes to
Speaker 1: Russia's war, We're getting a pretty dire assessment from the
Speaker 1: Pentagon when it comes to Russia's intentions if this war
Speaker 1: continues to drag on. Yeah, it's a pretty bleak new
Speaker 1: assessment sixty seven pages um And the main takeaway from
Speaker 1: it is is that Russia that outlook is pretty grim
Speaker 1: right now. They're not having the resources that they need
Speaker 1: for some of these missiles that they're producing, their ground
Speaker 1: invasion installed, and it says that putin in this in
Speaker 1: the light of all these setbacks for Russia, could turn
Speaker 1: to nuclear weapons and threatening nuclear weapons. Obviously, this is
Speaker 1: sort of one of the big concerns with talking to
Speaker 1: members of Congress this week, they said, you know, we
Speaker 1: have to start thinking about what our red lines are
Speaker 1: when would we potentially get involved in terms of our
Speaker 1: military and they mentioned nuclear use of nuclear news as
Speaker 1: something where they might wind up getting in and so
Speaker 1: it's sort of just seemed to see at this point
Speaker 1: the pressure that's clearly on putin the sanctions seem to
Speaker 1: be working. The resistance from the Ukrainian people seem to
Speaker 1: be wearing Russia down. Um, and it's just a question
Speaker 1: then of what is Russia's next move now. I wonder what,
Speaker 1: if anything, this report's assessment says about what the Pentagon
Speaker 1: thinks that Putin's ultimate goals are in this war. If
Speaker 1: he's uh, the idea is that he could eventually threatened
Speaker 1: to use nuclear weapons, how much farther could this war progress?
Speaker 1: I mean, it seems like what Putin's goal is here,
Speaker 1: at least according to the report, is to really sort
Speaker 1: of get some of Russia's power back from the pre
Speaker 1: Cold War era. That that seems to be his focus,
Speaker 1: what he is is focused on here. I mean, I
Speaker 1: think there's a question of of what his own calculation
Speaker 1: is because clearly right now the world is against Russia.
Speaker 1: You are seeing all of these sanctions from numerous countries,
Speaker 1: including the more recent sanctions that passed the House yesterday
Speaker 1: that would sort of end permanent normal trade relations with Russia.
Speaker 1: And so at this point, if Putin's goal is to
Speaker 1: sort of build up Russia to its former glory, uh,
Speaker 1: he's managed instead to really turn the world against it
Speaker 1: and and really really hurt Russia's economy. I think about
Speaker 1: thirty seconds left here. Emily, you mentioned the House passing
Speaker 1: those new sanctions, the normal trade status being revoked. That's
Speaker 1: going on to the Senate. Now, what are the prospects
Speaker 1: for this legislation there? So it seems like it's pretty good.
Speaker 1: It passed the House with really wide bipartisan support, only
Speaker 1: a few members voted against it. Um when Senator rather
Speaker 1: Majority Leader Chuck Schumer said on Thursday that the Senate
Speaker 1: does plan to take up and quickly pass this legislation.
Speaker 1: I think the big outstanding question right now is that
Speaker 1: the oil ban on Russian oil imports that passed the
Speaker 1: House is also stuck in the Senate, and there's a
Speaker 1: lot of discussion demove the two bills together. What also
Speaker 1: happens with this Global Minitsky Human Rights Act, which would
Speaker 1: allow Biden to impose further sanctions on Russia for human
Speaker 1: rights violations. So I think there's sort of a wider
Speaker 1: question about what's going on, but there definitely is momentum
Speaker 1: for this legislation to pass in the Senate. All right,
Speaker 1: as always, thanks Emily Bloomberg. Government reporter Emily Wilkins with
Speaker 1: us from the nation's capital, Karen Nathan. It is six
Speaker 1: fifties six on Wall Street. This is Bloomberg Daybreak and
Speaker 1: Marches Women's History Month, and every day this month, we're
Speaker 1: celebrating significant moments in women's history. Now with your installment
Speaker 1: for our March eighteen, here's Bloomberg's Real need a Young
Speaker 1: On this day in Women's History. In nineteen seventy, over
Speaker 1: one women staged a sit in at the Ladies Home Journal,
Speaker 1: occupying the office for eleven hours that were protesting the
Speaker 1: way the magazine depicted female interests and perspectives. At the time,
Speaker 1: the staff of the Ladies Home Journal was comprised mostly
Speaker 1: of men. Protesters argued that the content focused almost entirely
Speaker 1: on housework, beauty, and the support of the patriarchy. On
Speaker 1: that day, protesters made demands to the editor in chief,
Speaker 1: John McCarter and senior editor lean Or Hershey, who was
Speaker 1: one of the only women on staff. Among those demands
Speaker 1: were the hiring of a female editor in chief and
Speaker 1: an all female editorial staff, raising women's salaries, and hiring
Speaker 1: diverse women. Later on, in nineteen seventy three, hers She
Speaker 1: was named editor in chief. That's today in Women's History,
Speaker 1: I'm reneed a young. Bloomberg Radio every native, thank you again.
Speaker 1: Futures are lower this morning. SNP Future is down twenty
Speaker 1: nine points. Now Future is down two hundred two and
Speaker 1: NASTAG futures down ninety nine. At a ten year treasury
Speaker 1: up seven thirty seconds, YELD two point one four percent,
Speaker 1: yield on the two year one point nine zero percent,
Speaker 1: NIMEX Screwed oil isn't a hundred four dollars eighteen cents
Speaker 1: a barrel, and Bloomberg surveillance is straight ahead For Nathan Hagar,
Speaker 1: I'm Karen Moscow, and this is Bloomberg