1 00:00:03,000 --> 00:00:05,800 Speaker 1: Life from the Bloomberg and directed Burger Studios. This is 2 00:00:05,800 --> 00:00:10,480 Speaker 1: Bloomberg Daybreak for Monday, March two. Coming up this hour, 3 00:00:10,760 --> 00:00:13,720 Speaker 1: another round of peace talks gets under way between Ukraine 4 00:00:13,760 --> 00:00:16,200 Speaker 1: and Russia. The White House tries to walk back President 5 00:00:16,280 --> 00:00:19,760 Speaker 1: Biden's comments on Vladimir Putin, and in markets, the steepest 6 00:00:19,760 --> 00:00:22,520 Speaker 1: global bond route of the modern era shows no signs 7 00:00:22,520 --> 00:00:26,520 Speaker 1: of slowing. The January sixth Panel files contempt cases against 8 00:00:26,600 --> 00:00:30,200 Speaker 1: two former Trump allies. Plus it made Academy Awards history, 9 00:00:30,240 --> 00:00:33,520 Speaker 1: but not even good way. I'm Michael bar More straight ahead, 10 00:00:33,960 --> 00:00:36,680 Speaker 1: I'm John Stashdown Swards, Kyrie evering first home game, the 11 00:00:36,760 --> 00:00:38,960 Speaker 1: Nets lost wins with the Knicks and Rangers, and the 12 00:00:39,080 --> 00:00:41,480 Speaker 1: n C Double eight tournament is down to the final four. 13 00:00:44,000 --> 00:00:47,840 Speaker 1: That's all straight ahead on Bloomberg day Break on Bloomberg 14 00:00:47,840 --> 00:00:52,800 Speaker 1: Element TREEO, New York, Bloomberg one, Washington, d C, Bloomberg 15 00:00:52,800 --> 00:00:56,560 Speaker 1: one oh six one, Boston, Bloomberg nine sixties, San Francisco, 16 00:00:56,920 --> 00:01:00,280 Speaker 1: Sirius x M one nineteen and around the world lone, 17 00:01:00,320 --> 00:01:07,880 Speaker 1: Bloomberg Radio dot Com and via The Bloomberg Business. Good Morning, 18 00:01:07,880 --> 00:01:11,600 Speaker 1: I'm Nathan Hagar, and I'm Karen Moscow and futures are 19 00:01:11,840 --> 00:01:14,240 Speaker 1: little changed to start the week. We're coming up to 20 00:01:14,280 --> 00:01:15,920 Speaker 1: six o one on Wall Street. I'm gonna check the 21 00:01:15,959 --> 00:01:19,280 Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg 22 00:01:19,319 --> 00:01:22,520 Speaker 1: and SNP futures little change to lower, down about four 23 00:01:22,560 --> 00:01:26,160 Speaker 1: points now. Dall futures also that will change and NASDACK 24 00:01:26,240 --> 00:01:29,160 Speaker 1: futures are down forty two The tenure treasury down eight 25 00:01:29,160 --> 00:01:32,400 Speaker 1: thirty seconds, yield two point five zero percent, and they 26 00:01:32,480 --> 00:01:35,480 Speaker 1: yield on the two year two point three six percent. 27 00:01:35,920 --> 00:01:38,559 Speaker 1: Nine night Screwed oil is down three point nine percent, 28 00:01:38,600 --> 00:01:40,800 Speaker 1: down four dollars forty one cents and a hundred nine 29 00:01:40,800 --> 00:01:43,559 Speaker 1: dollars forty nine cents of barrel. Nathan, all right, Karen, 30 00:01:43,560 --> 00:01:45,520 Speaker 1: we'll have more in markets in a minute. But first, 31 00:01:45,600 --> 00:01:49,760 Speaker 1: peace talks between Ukraine and Russia resumed this week in Turkey. 32 00:01:50,160 --> 00:01:53,040 Speaker 1: The meetings come as several cities in Ukraine continue to 33 00:01:53,120 --> 00:01:56,120 Speaker 1: take heavy fire. We get more from Bloomberg Managing editor 34 00:01:56,200 --> 00:01:59,640 Speaker 1: Dan ten Kate Lenski is out again speaking about what 35 00:01:59,720 --> 00:02:03,240 Speaker 1: Duke would be willing to discuss in these talks. One, 36 00:02:03,480 --> 00:02:07,160 Speaker 1: you know, ready to declare neutrality abandoned, the push to 37 00:02:07,240 --> 00:02:11,040 Speaker 1: join NATO. Vow not to develop nuclear weapons. And you know, 38 00:02:11,080 --> 00:02:13,280 Speaker 1: the key one is basically saying that they're willing to 39 00:02:13,320 --> 00:02:16,920 Speaker 1: talk about that Dombus region where Russia really had troops 40 00:02:16,919 --> 00:02:19,880 Speaker 1: already before the war started. And this is sort of 41 00:02:19,919 --> 00:02:22,960 Speaker 1: an acknowledgement from the Ukrainians that, Okay, you know, maybe 42 00:02:22,960 --> 00:02:25,799 Speaker 1: we could move the troops back to the positions where 43 00:02:25,840 --> 00:02:29,040 Speaker 1: they were pre war. Bloomberg's Danten Kate reports that talks 44 00:02:29,080 --> 00:02:32,720 Speaker 1: resumed while heavy explosions were heard in several Ukrainian cities overnight. 45 00:02:32,760 --> 00:02:36,080 Speaker 1: Local authorities expect civilians to keep fleeing the devastated city 46 00:02:36,120 --> 00:02:39,359 Speaker 1: of Marapol, and Nathan knows. Peace talks, however, are being 47 00:02:39,400 --> 00:02:42,680 Speaker 1: overshadowed by comments made by President Biden. Some off the 48 00:02:42,680 --> 00:02:47,160 Speaker 1: cover marks about Russian President Vladimir Putin are garnering serious attention. 49 00:02:47,440 --> 00:02:50,520 Speaker 1: And here's what the President said Saturday. For God's sake, 50 00:02:50,919 --> 00:02:55,480 Speaker 1: this man cannot remain Almost immediately the White House tried 51 00:02:55,520 --> 00:02:58,200 Speaker 1: to walk back those words, and we get more from Bloomberg, 52 00:02:58,240 --> 00:03:02,240 Speaker 1: said Baxter. The president's as he was not advocating regime 53 00:03:02,360 --> 00:03:05,160 Speaker 1: change in Russia and that he was just answering a 54 00:03:05,240 --> 00:03:08,680 Speaker 1: reporter's question earlier in the day Secretary of State Anthony 55 00:03:08,720 --> 00:03:11,600 Speaker 1: Blancott also walked back the original statement. We do not 56 00:03:11,680 --> 00:03:15,240 Speaker 1: have a strategy of regime change in Russia or anywhere 57 00:03:15,240 --> 00:03:17,680 Speaker 1: else for that matter. Now, the US Ambassador to NATO, 58 00:03:17,840 --> 00:03:21,320 Speaker 1: Julianne Smith, says the President had spent all day with refugees, 59 00:03:21,400 --> 00:03:25,440 Speaker 1: listening to heartbreaking stories. In the moment, I think that 60 00:03:25,639 --> 00:03:28,920 Speaker 1: was a principled human reaction to the stories that he 61 00:03:29,000 --> 00:03:32,400 Speaker 1: had heard that day. But French President of Anya mccron 62 00:03:32,600 --> 00:03:36,440 Speaker 1: is warning against words or actions that could inflame the region. 63 00:03:37,080 --> 00:03:40,160 Speaker 1: In San Francisco, I'm at Baxter Bloomberg Gay Break and thanks. 64 00:03:40,200 --> 00:03:42,800 Speaker 1: Let's turn to President Biden's agenda back home now. The 65 00:03:42,800 --> 00:03:46,080 Speaker 1: White House releases its budget proposal today. It's expected to 66 00:03:46,120 --> 00:03:49,680 Speaker 1: detail the minimum tax rate for households worth more than 67 00:03:49,720 --> 00:03:52,880 Speaker 1: one million dollars. Amy Morris has the details from our 68 00:03:52,880 --> 00:03:56,280 Speaker 1: Bloomberg room in Washington. The White House calls it the 69 00:03:56,320 --> 00:04:00,080 Speaker 1: Billionaire Minimum Income Tax. It's the most aggressive proposed so 70 00:04:00,280 --> 00:04:04,160 Speaker 1: yet by the administration to increase taxation on the wealthiest Americans. 71 00:04:04,520 --> 00:04:06,760 Speaker 1: If enacted, it will hit both the income and the 72 00:04:06,880 --> 00:04:10,600 Speaker 1: unrealized capital gains of hundred million dollar households and generate 73 00:04:10,640 --> 00:04:14,000 Speaker 1: an estimated three hundred sixty billion dollars in new revenue 74 00:04:14,080 --> 00:04:16,440 Speaker 1: over the next decade. That's more than a third of 75 00:04:16,480 --> 00:04:19,159 Speaker 1: the White House has projected trillion dollar cut to deficit 76 00:04:19,240 --> 00:04:22,240 Speaker 1: spending over that period. In Washington, I maybe more as 77 00:04:22,240 --> 00:04:25,279 Speaker 1: Bloomberg daybreak all right, Amy, thank you. The economy also 78 00:04:25,400 --> 00:04:28,600 Speaker 1: in focus this week Friday brains the government's Johns Report 79 00:04:28,680 --> 00:04:31,360 Speaker 1: for March, and we get more from Bloomberg's Vineydale Jude 80 00:04:31,400 --> 00:04:35,159 Speaker 1: I's US unemployment is poised to fall, with jobless claims 81 00:04:35,240 --> 00:04:38,760 Speaker 1: the lowisons in the nineteen sixties and job openings at records. 82 00:04:39,040 --> 00:04:41,120 Speaker 1: The March trade could go as low as three point 83 00:04:41,200 --> 00:04:44,160 Speaker 1: six or three point seven percent. According to some forecasters. 84 00:04:44,600 --> 00:04:47,440 Speaker 1: Unemployments at a record high of fourteen point seven percent 85 00:04:47,480 --> 00:04:50,920 Speaker 1: in April one, the pandemic struck the record load two 86 00:04:51,000 --> 00:04:54,400 Speaker 1: point five percent dates back to the nineteen fifties. Also 87 00:04:54,520 --> 00:04:58,640 Speaker 1: this week, I s M factory data, consumer spending, consumer confidence, 88 00:04:58,880 --> 00:05:02,200 Speaker 1: beneath birth day break right if Anny, thanks fixed incomes 89 00:05:02,240 --> 00:05:04,520 Speaker 1: front and center this morning. Is the steepest global bond 90 00:05:04,600 --> 00:05:06,880 Speaker 1: route of the modern era, shows no signs of slowing. 91 00:05:07,160 --> 00:05:09,200 Speaker 1: Ten Your treasury yields have climbed past two and a 92 00:05:09,240 --> 00:05:12,120 Speaker 1: half percent. Yields on five year notes rose above those 93 00:05:12,160 --> 00:05:14,800 Speaker 1: on thirty year bonds, an inversion for those maturities for 94 00:05:14,880 --> 00:05:18,000 Speaker 1: the first time since two thousand six. That suggests concern 95 00:05:18,120 --> 00:05:21,479 Speaker 1: over an economic downturn and perhaps even a recession. Nathan, 96 00:05:21,560 --> 00:05:24,160 Speaker 1: We are seeing big moves in the Japanese yen this morning. 97 00:05:24,240 --> 00:05:26,200 Speaker 1: That's after the Bank of Japan offered to buy an 98 00:05:26,279 --> 00:05:29,600 Speaker 1: unlimited amount of bonds for three straight days. It's the 99 00:05:29,680 --> 00:05:31,560 Speaker 1: first time the central bank has made such a move. 100 00:05:31,640 --> 00:05:33,760 Speaker 1: And checking the yen, it's trading at the weakest level 101 00:05:33,839 --> 00:05:36,720 Speaker 1: in seven years, at one d twenty four point two 102 00:05:36,760 --> 00:05:40,040 Speaker 1: nine against the dollar. I Meantime, Karen COVID's threatening economic 103 00:05:40,120 --> 00:05:43,840 Speaker 1: activity in China again. Shanghai has declared a lockdown to 104 00:05:43,920 --> 00:05:46,840 Speaker 1: combat a surge in cases. We get details from Bloomberg's 105 00:05:46,839 --> 00:05:50,680 Speaker 1: Emma O'Brien locking down for four days one part of 106 00:05:50,800 --> 00:05:54,240 Speaker 1: the city, which does include the financial district in Podong, 107 00:05:54,560 --> 00:05:57,160 Speaker 1: and then the next four days after that locking down 108 00:05:57,200 --> 00:05:59,320 Speaker 1: the other side of the city. And during those four 109 00:05:59,400 --> 00:06:02,400 Speaker 1: day period is they will be mass testing the entire 110 00:06:02,520 --> 00:06:06,400 Speaker 1: population as part of China's COVID zero strategy, which they 111 00:06:06,440 --> 00:06:10,480 Speaker 1: are maintaining to really root out and suppress virus cases. 112 00:06:10,600 --> 00:06:13,680 Speaker 1: Bloombergs M O'Brien says lockdowns will extend to the roads. 113 00:06:13,880 --> 00:06:17,840 Speaker 1: Private cars won't be allowed to drive unless necessary, and 114 00:06:17,920 --> 00:06:21,039 Speaker 1: the lockdown will hit production for Tesla and China. Nathan 115 00:06:21,080 --> 00:06:23,920 Speaker 1: Bloomberg News has learned the Electric carmaker is extending a 116 00:06:24,040 --> 00:06:27,120 Speaker 1: production pause at a Shanghai plan for another four days 117 00:06:27,200 --> 00:06:29,600 Speaker 1: because of the restrictions, and the original plan called for 118 00:06:29,720 --> 00:06:32,960 Speaker 1: suspending production for just one day anytime. In southern China, 119 00:06:33,040 --> 00:06:35,920 Speaker 1: Karen investigators have now recovered the second black box from 120 00:06:36,000 --> 00:06:39,360 Speaker 1: last week's deadly China Eastern plane crash. All one thirty 121 00:06:39,400 --> 00:06:41,640 Speaker 1: two people on board were killed when the jet nose 122 00:06:41,720 --> 00:06:44,640 Speaker 1: dived from nearly thirty thousand feet. We get the latest 123 00:06:44,720 --> 00:06:48,600 Speaker 1: from bloom Bloomberg's Philip Glenman. Investigators in wood out here 124 00:06:48,640 --> 00:06:52,040 Speaker 1: in southern China have a big booster investigations by planning 125 00:06:52,120 --> 00:06:55,160 Speaker 1: the second black box that gives them information on the 126 00:06:55,520 --> 00:06:57,880 Speaker 1: movement of the plane and the performance of the engine. 127 00:06:58,360 --> 00:07:02,160 Speaker 1: And it goes along with the black earlier that records 128 00:07:02,160 --> 00:07:05,480 Speaker 1: of what was said in mccocks bid. Philip Bloombergs Philip 129 00:07:05,560 --> 00:07:07,720 Speaker 1: Glaman says the flight data recorder has been sent to 130 00:07:07,800 --> 00:07:10,200 Speaker 1: pay Jing for analysis. I want to pass along this 131 00:07:10,320 --> 00:07:12,800 Speaker 1: red headline just across the Bloomberg terminal Tesla to ask 132 00:07:12,840 --> 00:07:15,760 Speaker 1: holders to vote on more shares for a stock split. 133 00:07:16,480 --> 00:07:24,160 Speaker 1: You're listening to Bloomberg Daybreak. It sounds six oh seven 134 00:07:24,240 --> 00:07:27,040 Speaker 1: on Wall Street. We're twenty four degrees in central parking, 135 00:07:27,040 --> 00:07:29,120 Speaker 1: seeing fifteen to twenty minute delays in the upper level 136 00:07:29,120 --> 00:07:31,760 Speaker 1: of George Washington Bridge inbound. The tails coming up in traffic. 137 00:07:32,080 --> 00:07:34,360 Speaker 1: First Michael Barr with more on what's going on in 138 00:07:34,440 --> 00:07:36,120 Speaker 1: New York and around the world. Come what are Michael? 139 00:07:36,160 --> 00:07:39,560 Speaker 1: Good morning, Nathan. The January sixth Panel says two as 140 00:07:39,560 --> 00:07:42,960 Speaker 1: advisors to former President Donald Trump should be held into 141 00:07:42,960 --> 00:07:46,440 Speaker 1: contempt of Congress. The panel says they are withholding information 142 00:07:46,800 --> 00:07:49,600 Speaker 1: at the House committee considers central to its investigation of 143 00:07:49,720 --> 00:07:53,200 Speaker 1: events surrounding last year's attack on the US capital. The 144 00:07:53,280 --> 00:07:56,640 Speaker 1: report from the investigating committee named former wine House Deputy 145 00:07:56,720 --> 00:08:00,960 Speaker 1: Chief of Staff for Communications Dan Scovino and Trump's trade 146 00:08:01,000 --> 00:08:04,080 Speaker 1: adviser Peter Navarro. The panel is set to me tonight 147 00:08:04,240 --> 00:08:08,120 Speaker 1: vote on the recommendations. The Academy Emotion, Picture Arts and 148 00:08:08,320 --> 00:08:11,640 Speaker 1: Sciences says it does not condone violence in any form 149 00:08:11,680 --> 00:08:15,680 Speaker 1: after fireworks at Sunday Nights Oscars. Minutes before accepting his 150 00:08:15,840 --> 00:08:19,640 Speaker 1: Best Actor award, Will Smith slapped presenter Chris Rock on 151 00:08:19,840 --> 00:08:23,480 Speaker 1: stage after taking events to a joke about his wife Jada. 152 00:08:23,640 --> 00:08:26,120 Speaker 1: I love him, g I Jane too. Can't wait to 153 00:08:26,160 --> 00:08:37,040 Speaker 1: see it all right? That was a nice okay about him? 154 00:08:37,360 --> 00:08:46,520 Speaker 1: Oh Richard oh Wow. Smith later accepted the Best Actor 155 00:08:46,640 --> 00:08:50,040 Speaker 1: award for King. Richard Hell said to me a few 156 00:08:50,080 --> 00:08:53,160 Speaker 1: minutes ago, he said, at your highest moment, be careful. 157 00:08:53,240 --> 00:08:57,920 Speaker 1: That's when the devil comes for you. Jessica Chastain won 158 00:08:58,000 --> 00:09:00,439 Speaker 1: the Best Actress award the movie Code a Stream on 159 00:09:00,559 --> 00:09:03,480 Speaker 1: Apple One for Best Picture. The Cinderella team of the 160 00:09:03,600 --> 00:09:06,079 Speaker 1: n C Double A men's basketball tournament will still get 161 00:09:06,080 --> 00:09:09,400 Speaker 1: a hero roes welcome. After being illuminated. St. Peter's University 162 00:09:09,480 --> 00:09:12,719 Speaker 1: lost to North Carolina, The Peacocks made tournament history as 163 00:09:12,800 --> 00:09:15,960 Speaker 1: the first fifteen seed to reach the Elite eight. Fans 164 00:09:16,080 --> 00:09:19,240 Speaker 1: back home in Jersey City watched the game, cheering for 165 00:09:19,480 --> 00:09:22,440 Speaker 1: how far the team advanced. They had a great season. 166 00:09:22,640 --> 00:09:25,520 Speaker 1: You really can't say nothing bad about it, Jersey City 167 00:09:25,559 --> 00:09:28,840 Speaker 1: Mayor Stephen Phillips said on Twitter after the Peacocks historic 168 00:09:28,880 --> 00:09:31,800 Speaker 1: tournament run, the city would still hold a parade and 169 00:09:32,000 --> 00:09:35,160 Speaker 1: the Keys to the City ceremony for the team. Global 170 00:09:35,240 --> 00:09:37,719 Speaker 1: News twenty four hours a day on air and on 171 00:09:37,800 --> 00:09:41,680 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists 172 00:09:41,679 --> 00:09:44,080 Speaker 1: and analysts and more than a hundred twenty countries. I'm 173 00:09:44,080 --> 00:09:51,640 Speaker 1: Michael bar This is Bloomberg, Nathan. Thanks Michael six o 174 00:09:51,800 --> 00:09:54,160 Speaker 1: nine on Wall Street Time for the Bloomberg Sports Update. 175 00:09:54,160 --> 00:09:56,679 Speaker 1: Here's John Stashow actuate that it's the Nets. It was 176 00:09:56,760 --> 00:09:58,880 Speaker 1: the Nets thirty six home game of the season. It 177 00:09:59,000 --> 00:10:01,680 Speaker 1: was the first I reerving his story, well known as 178 00:10:01,800 --> 00:10:04,760 Speaker 1: refusal to get the vaccine hot topic not only in 179 00:10:04,840 --> 00:10:07,320 Speaker 1: sports but at city hall. Last week the private sector 180 00:10:07,440 --> 00:10:10,719 Speaker 1: mandate lifted for him at least, and Kyrie took the 181 00:10:10,760 --> 00:10:12,800 Speaker 1: floor in Brooklyn. My presence out there, which is bigger 182 00:10:12,840 --> 00:10:15,160 Speaker 1: than the basketball game, you know, which is representing a 183 00:10:15,240 --> 00:10:17,280 Speaker 1: lot of individuals that are out there in a similar 184 00:10:17,920 --> 00:10:20,480 Speaker 1: situation of game um and now that oct to play, 185 00:10:20,679 --> 00:10:22,520 Speaker 1: I think it should be open work for everybody. I 186 00:10:22,559 --> 00:10:25,199 Speaker 1: don't take it for granted. Laugh and tonight it was 187 00:10:25,240 --> 00:10:27,560 Speaker 1: his story. I'm great for that. I got a chance 188 00:10:27,600 --> 00:10:29,000 Speaker 1: to be out there with my brothers and the game 189 00:10:29,040 --> 00:10:31,480 Speaker 1: did not go well. Irving shot just six of twenty two. 190 00:10:31,640 --> 00:10:34,400 Speaker 1: The Nets came off a blowout win in Miami, lost 191 00:10:34,440 --> 00:10:37,079 Speaker 1: to Charlotte one nineteen and one ten. Almost certainly two 192 00:10:37,120 --> 00:10:38,880 Speaker 1: little too late for the next playoff host, but they 193 00:10:38,880 --> 00:10:40,600 Speaker 1: are playing better of late at three and o road. 194 00:10:40,720 --> 00:10:42,520 Speaker 1: If they held on at Detroit one oh four one 195 00:10:42,559 --> 00:10:45,040 Speaker 1: oh two, Knicks blew at twenty one point. Lad Alec 196 00:10:45,080 --> 00:10:46,640 Speaker 1: Burk's the hero down the stretch. He had a big 197 00:10:46,720 --> 00:10:49,160 Speaker 1: three and that a game saving steel at the Garden 198 00:10:49,600 --> 00:10:52,679 Speaker 1: Rangers over Buffalo five for the KeAndre Miller gold two 199 00:10:52,679 --> 00:10:55,200 Speaker 1: minutes in overtime. The recent Ranger picked up Frank Petrano 200 00:10:55,640 --> 00:10:58,640 Speaker 1: scored two goals eighteen seconds apart the first period. Islanders 201 00:10:58,720 --> 00:11:01,760 Speaker 1: lost Devil's top Montreal to shootout. As we just started 202 00:11:01,760 --> 00:11:04,480 Speaker 1: the news, the clock struck midnight for Cinderella. St. Peter's 203 00:11:04,559 --> 00:11:06,880 Speaker 1: lost fights twenty to North Carolina and the Peacocks could 204 00:11:06,920 --> 00:11:10,240 Speaker 1: now be losing their coach. Shaneen Holloway is widely expected 205 00:11:10,280 --> 00:11:12,560 Speaker 1: to leave to go coach to his alma mater, Seaton Hall. 206 00:11:12,640 --> 00:11:15,040 Speaker 1: For Carolina, it will be its twenty one final four 207 00:11:15,559 --> 00:11:18,400 Speaker 1: and will now play arch rival Dukes sixteenth Final four 208 00:11:18,480 --> 00:11:21,079 Speaker 1: for Kansas, who crushed Miami, will now take on Glanova. 209 00:11:21,400 --> 00:11:23,600 Speaker 1: Met said their aces on a mound. Jacob Degraham three 210 00:11:23,600 --> 00:11:26,520 Speaker 1: at names then Max jers Or for six together twelve strikeouts, 211 00:11:26,559 --> 00:11:28,920 Speaker 1: and I met when the Yankees won. Although there he's 212 00:11:29,000 --> 00:11:31,000 Speaker 1: Garrett Cole. You have a couple of home runs. John 213 00:11:31,080 --> 00:11:34,080 Speaker 1: stash Award Bloomberg Sports, Nathan Okay, John, thanks right now. 214 00:11:34,240 --> 00:11:36,640 Speaker 1: S and P futures are down three point, Staff futures 215 00:11:36,720 --> 00:11:39,480 Speaker 1: up four, NASTAC futures down thirty four points. The tenure 216 00:11:39,520 --> 00:11:42,280 Speaker 1: treasury is down seven thirty seconds. The yield two point 217 00:11:42,400 --> 00:11:46,000 Speaker 1: five zero percent. Watching shares of Tesla, they're up nearly 218 00:11:46,160 --> 00:11:49,280 Speaker 1: three percent. The electric carmaker says we'll ask shareholders to 219 00:11:49,400 --> 00:11:52,599 Speaker 1: vote on more shares to enable the stock split. Just 220 00:11:52,720 --> 00:11:55,640 Speaker 1: announced that on Twitter. Says the vote will come at 221 00:11:55,720 --> 00:11:59,679 Speaker 1: this year's annual meeting. Stay with us. You're listening to 222 00:12:00,000 --> 00:12:09,840 Speaker 1: Bloomberg Taper Bloomberg eleven three oh Weather partly sunny, breezy, 223 00:12:09,920 --> 00:12:14,120 Speaker 1: mid thirties today, mostly sunny, breezy, near forty tomorrow mid 224 00:12:14,240 --> 00:12:17,880 Speaker 1: forties with increasing clouds on Wednesday. Right now, twenty four 225 00:12:17,920 --> 00:12:24,560 Speaker 1: degrees in Central Park markets, headlines and breaking news twenty 226 00:12:24,600 --> 00:12:27,400 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 227 00:12:27,480 --> 00:12:30,400 Speaker 1: Business apt and at Bloomberg Quick Tape. This is a 228 00:12:30,440 --> 00:12:40,040 Speaker 1: Bloomberg Business Flash. But I'm Cameron Moscow. Sovereign balls are 229 00:12:40,080 --> 00:12:44,000 Speaker 1: tumbling while European stocks are gaining. In US stock Index, 230 00:12:44,080 --> 00:12:47,319 Speaker 1: futures are little changed as economic risks from inflation and 231 00:12:47,400 --> 00:12:50,760 Speaker 1: tightening monetary policy hits sentiment. We checked the markets every 232 00:12:50,800 --> 00:12:53,480 Speaker 1: fifteen minutes throughout the trading day on Bloomberg S and 233 00:12:53,520 --> 00:12:56,040 Speaker 1: P Future is little change this morning, so we're down 234 00:12:56,120 --> 00:12:59,880 Speaker 1: futures NASDACK futures down eighteen the decks in Germany's up 235 00:13:00,000 --> 00:13:04,000 Speaker 1: one point seven percent, ten year treasury down six thirty seconds, 236 00:13:04,080 --> 00:13:06,840 Speaker 1: the yeld two point four nine percent, and the yield 237 00:13:06,920 --> 00:13:09,760 Speaker 1: on the two year two point three six percent. Checking 238 00:13:09,840 --> 00:13:13,199 Speaker 1: the thirty year yield two point five nine percent. Nine 239 00:13:13,240 --> 00:13:16,200 Speaker 1: Max Screte oil is falling this morning, down four points 240 00:13:16,280 --> 00:13:18,880 Speaker 1: three percent on four dollars eighty eight cents at a 241 00:13:18,960 --> 00:13:22,600 Speaker 1: hundred nine dollars two cents of barrel Brent also moving lower, 242 00:13:22,720 --> 00:13:25,640 Speaker 1: down three point nine percent. It's at a hundred sixteen 243 00:13:25,679 --> 00:13:28,960 Speaker 1: dollars and one cent of barrel comics. Gold is down 244 00:13:29,040 --> 00:13:32,000 Speaker 1: one and a quarter percent, down twenty four dollars, twenty 245 00:13:32,120 --> 00:13:35,280 Speaker 1: cents at one thousand, nine hundred thirty five dollars, sixty 246 00:13:35,480 --> 00:13:38,720 Speaker 1: cents an ounce. The Euro this morning one point oh 247 00:13:38,960 --> 00:13:42,000 Speaker 1: nine eight zero against the dollar, the British pound one 248 00:13:42,040 --> 00:13:45,760 Speaker 1: point three one four three, the yen one twenty four 249 00:13:45,880 --> 00:13:49,480 Speaker 1: point to eight. And checking bitcoin this morning, it's moving higher, 250 00:13:49,880 --> 00:13:53,920 Speaker 1: up two point four percent. It's at forty seven thousand, 251 00:13:54,040 --> 00:13:58,319 Speaker 1: two hundred thirty three dollars, and that's a Bloomberg business flash. 252 00:13:58,400 --> 00:14:00,439 Speaker 1: Now here's Michael Barr with more on what's going on 253 00:14:00,559 --> 00:14:04,120 Speaker 1: around the world. Michael, thank you very much. Karen, Ukrainian 254 00:14:04,200 --> 00:14:06,480 Speaker 1: and Russian officials announced they have agreed to a new 255 00:14:06,600 --> 00:14:09,080 Speaker 1: round of in person peace stalks to be held in Turkey. 256 00:14:09,520 --> 00:14:12,640 Speaker 1: It comes as the White House walks back comments President 257 00:14:12,720 --> 00:14:16,000 Speaker 1: Biden made about Vladimir Putin, saying this man cannot remain 258 00:14:16,120 --> 00:14:20,960 Speaker 1: in power. Meanwhile, Ukraine President Zelinski accused the West of cowardice, 259 00:14:21,320 --> 00:14:23,560 Speaker 1: while the northern top officials said Russia was trying to 260 00:14:23,640 --> 00:14:28,520 Speaker 1: split the nation into like North and South Korea. It's 261 00:14:28,600 --> 00:14:32,040 Speaker 1: the water cooler talk today. During last night's Academy Awards. 262 00:14:32,080 --> 00:14:36,880 Speaker 1: Will Smith slapped Chris Rock on stage after the comedian 263 00:14:36,920 --> 00:14:40,760 Speaker 1: made a joke about Smith's wife, Jada Pinkett Smith Smith 264 00:14:40,920 --> 00:14:44,240 Speaker 1: Leader won the Best Actor Oscar Jessica Chastain won for 265 00:14:44,320 --> 00:14:47,880 Speaker 1: Best Actress. Coda from the Apple streaming Service one for 266 00:14:48,040 --> 00:14:52,400 Speaker 1: Best Picture, and as for Best Director, Jane Champion won 267 00:14:52,520 --> 00:14:55,640 Speaker 1: that award for Power of the Dome. The final four 268 00:14:55,840 --> 00:14:58,680 Speaker 1: set in the men's NZ Double A basketball Tournament, North 269 00:14:58,760 --> 00:15:02,920 Speaker 1: Carolina plays due Kansas will face Villanova in the NBA. 270 00:15:03,160 --> 00:15:05,840 Speaker 1: Kyrie Irving played his first home game of the season, 271 00:15:06,280 --> 00:15:09,360 Speaker 1: but the Nets lost. The Nicks and Celtics won. The 272 00:15:09,400 --> 00:15:12,400 Speaker 1: Wizards beat the Warriors. In the NHL, the Rangers won 273 00:15:12,440 --> 00:15:15,960 Speaker 1: in ot over the Sabers five four. The Devil's won 274 00:15:16,000 --> 00:15:18,600 Speaker 1: in the shoot out over the Canadiens three to The 275 00:15:18,720 --> 00:15:22,360 Speaker 1: Islanders lost. Global News twenty four hours a day on 276 00:15:22,520 --> 00:15:25,880 Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty 277 00:15:25,960 --> 00:15:28,640 Speaker 1: seven hundred journalists and analysts and more than one hundred 278 00:15:28,680 --> 00:15:32,880 Speaker 1: twenty countries. I'm Michael Barr, and this is Bloomberg. Nathan Okay, Michael. 279 00:15:32,880 --> 00:15:34,920 Speaker 1: Thanks at six twenty on Wall Straight Line from the 280 00:15:34,920 --> 00:15:38,840 Speaker 1: Bloomberg interracted Broker Studios. This is Bloomberg Daybreak and we're 281 00:15:38,880 --> 00:15:42,720 Speaker 1: joined now by Bloomberg Washington correspondent Amory Hordern with us 282 00:15:42,840 --> 00:15:46,480 Speaker 1: live from Warsaw, where President Biden made some news at 283 00:15:46,520 --> 00:15:49,680 Speaker 1: the end of his whirlwind trip to Europe aimed at 284 00:15:50,040 --> 00:15:52,880 Speaker 1: shoring up support from allies in the war in Ukraine, 285 00:15:53,320 --> 00:15:55,720 Speaker 1: but certainly not the news that the White House was 286 00:15:55,800 --> 00:15:58,840 Speaker 1: looking for, obviously, and Marie, good morning. We're still talking 287 00:15:58,880 --> 00:16:01,120 Speaker 1: about those nine were its that came at the end 288 00:16:01,160 --> 00:16:03,520 Speaker 1: of what the President had hoped would be a historic 289 00:16:03,640 --> 00:16:07,720 Speaker 1: speech in Warsaw. What is the potential fallout now from 290 00:16:07,720 --> 00:16:11,520 Speaker 1: the President saying, for God's sake, this man, Vladimir Putin 291 00:16:11,880 --> 00:16:16,640 Speaker 1: must not remain in power. Well, immediately after those words 292 00:16:16,680 --> 00:16:19,480 Speaker 1: were spoken, we obviously saw the White House walking its 293 00:16:19,520 --> 00:16:22,800 Speaker 1: back saying this is not a regime change policy. We 294 00:16:22,920 --> 00:16:25,880 Speaker 1: also heard that from the Secretary of State Anthony Blanken, 295 00:16:26,120 --> 00:16:29,840 Speaker 1: who's currently in Israel for some landmark a meeting. He 296 00:16:30,040 --> 00:16:32,400 Speaker 1: was asked about this, and he said, the United States 297 00:16:32,440 --> 00:16:34,640 Speaker 1: doesn't have a policy of regime change in Russia or 298 00:16:34,640 --> 00:16:37,280 Speaker 1: in any country for that matter. And then the President 299 00:16:37,360 --> 00:16:41,120 Speaker 1: himself was asked leaving church yesterday in Washington, d C. Sir, 300 00:16:41,480 --> 00:16:44,200 Speaker 1: when you said this man president who change, not remanipold 301 00:16:44,560 --> 00:16:47,840 Speaker 1: regime change. No, the issue is, and what you're hearing 302 00:16:47,880 --> 00:16:50,600 Speaker 1: in Europe say is people taking note that they want 303 00:16:50,640 --> 00:16:53,080 Speaker 1: to de escalate the situation and they're worried that that 304 00:16:53,280 --> 00:16:58,320 Speaker 1: type of rhetoric would embolden the Kremlin, embolden their propaganda 305 00:16:58,360 --> 00:17:02,960 Speaker 1: agenda inside the country, and that would escalate the conflict. 306 00:17:03,280 --> 00:17:06,000 Speaker 1: So that's a situation now at the moment. I'm sure 307 00:17:06,040 --> 00:17:07,960 Speaker 1: the President is going to be asked about this a 308 00:17:08,080 --> 00:17:10,440 Speaker 1: number of times again this week, And yeah, we're gonna 309 00:17:10,480 --> 00:17:12,679 Speaker 1: be hearing from the White House again this afternoon as 310 00:17:12,760 --> 00:17:16,359 Speaker 1: they released the president's budget proposal, probably hoping for that 311 00:17:16,560 --> 00:17:20,879 Speaker 1: to take some of the attention off this news. But Anne, Marie, 312 00:17:21,040 --> 00:17:23,879 Speaker 1: this trip that the President made was aimed at showing 313 00:17:24,359 --> 00:17:28,840 Speaker 1: that the US and NATO are more united than ever before. 314 00:17:28,960 --> 00:17:33,800 Speaker 1: When you have now leaders in NATO walking themselves back 315 00:17:34,119 --> 00:17:37,480 Speaker 1: from the president's remarks, does that sort of undermine the 316 00:17:37,600 --> 00:17:43,280 Speaker 1: president's mission? I think it does in the short term. Right, 317 00:17:43,359 --> 00:17:45,560 Speaker 1: you have a mind in Malcolm saying we shouldn't escalate 318 00:17:45,640 --> 00:17:49,240 Speaker 1: with words or actions. You have Alf Scholt saying I 319 00:17:49,320 --> 00:17:51,720 Speaker 1: have spoken to US President about this. There is no 320 00:17:52,480 --> 00:17:56,600 Speaker 1: NATO a central policy of trying to have regime change. 321 00:17:57,280 --> 00:17:59,520 Speaker 1: So in the short term, certainly this is all everyone 322 00:17:59,600 --> 00:18:02,280 Speaker 1: to talk about. After days of diplomacy, after showing the 323 00:18:02,400 --> 00:18:05,520 Speaker 1: United Front and Brussels, the president came here for a 324 00:18:05,760 --> 00:18:08,800 Speaker 1: very fiery speech, and no one is even talking about 325 00:18:08,840 --> 00:18:11,359 Speaker 1: as much the contents that we're in that speech as 326 00:18:11,440 --> 00:18:15,040 Speaker 1: much as those final nine words before he thanked everyone. 327 00:18:15,880 --> 00:18:18,639 Speaker 1: But we should know he did talk about NATO in 328 00:18:18,720 --> 00:18:22,440 Speaker 1: that speech, and he got very dramatic at one point 329 00:18:22,960 --> 00:18:26,080 Speaker 1: and said, don't even think of moving on one single 330 00:18:26,160 --> 00:18:29,080 Speaker 1: inch of NATO territory, and that was met with applause 331 00:18:29,480 --> 00:18:32,040 Speaker 1: from the royal caste of Warsaw, where you know, hundreds 332 00:18:32,080 --> 00:18:34,520 Speaker 1: were gathered to give this speech, because you know, we 333 00:18:34,640 --> 00:18:37,399 Speaker 1: are in Poland, and that is a country that is 334 00:18:37,480 --> 00:18:39,880 Speaker 1: on the border of this war. Is the NATO country 335 00:18:40,320 --> 00:18:42,600 Speaker 1: is a country that already close to the border there 336 00:18:42,680 --> 00:18:46,200 Speaker 1: was missiles from Russia. So that is something that the 337 00:18:46,240 --> 00:18:49,280 Speaker 1: Polish government and people wanted to hear. Uh And so 338 00:18:49,480 --> 00:18:52,159 Speaker 1: in that sense there was his unity amongst NATO. But 339 00:18:52,280 --> 00:18:56,040 Speaker 1: you're certainly right, Nathan, these these less work presidents said, 340 00:18:56,119 --> 00:18:58,440 Speaker 1: is is overshadowing a lot of work that was done here. 341 00:18:58,800 --> 00:19:00,920 Speaker 1: We only have about thirty seconds left here, Emory. What 342 00:19:00,960 --> 00:19:04,720 Speaker 1: does this mean for negotiations as Ukraine and Russia gets 343 00:19:04,720 --> 00:19:09,080 Speaker 1: set to hold talks again tomorrow in Turkey. Well, we 344 00:19:09,119 --> 00:19:11,760 Speaker 1: should remember that Russia has always felt that the United 345 00:19:11,800 --> 00:19:14,879 Speaker 1: States wanted to perpetrate regime change. In two thousand and 346 00:19:14,920 --> 00:19:18,359 Speaker 1: eleven Puttin blame to the US for the protesters that 347 00:19:18,440 --> 00:19:21,600 Speaker 1: were out on the streets for his twelve years of reigning. 348 00:19:21,760 --> 00:19:24,240 Speaker 1: So I think the Kremlin for them this was not 349 00:19:24,400 --> 00:19:27,040 Speaker 1: exactly news, but they just may use it against them. 350 00:19:27,400 --> 00:19:30,480 Speaker 1: When it comes to the diplomacy talk, we should note 351 00:19:30,560 --> 00:19:32,720 Speaker 1: nothing has changed on the ground, so we'll have to 352 00:19:32,760 --> 00:19:34,520 Speaker 1: wait to see if anything can change. And you sit 353 00:19:34,560 --> 00:19:37,359 Speaker 1: down and talk. Thank you for the updated Boomberg's Emory 354 00:19:37,440 --> 00:19:41,480 Speaker 1: horduring with us this morning in Warsaw, Poland. Looking ahead 355 00:19:41,520 --> 00:19:44,000 Speaker 1: to the market open this morning, little change as far 356 00:19:44,080 --> 00:19:46,960 Speaker 1: as futures go, SMP futures are a little changed to 357 00:19:47,000 --> 00:19:51,080 Speaker 1: the upside, Dow futures up nine points, NASAC futures down eleven. 358 00:19:51,160 --> 00:19:54,199 Speaker 1: The ten year treasury is down four thirty seconds now 359 00:19:54,240 --> 00:19:56,600 Speaker 1: with the yield just shy of two point four nine 360 00:19:56,840 --> 00:19:59,360 Speaker 1: per cent yield on the two year two point three 361 00:19:59,440 --> 00:20:07,960 Speaker 1: four Stay with us. You're listening to Bloomberg Daybreak. Bloomberg 362 00:20:08,000 --> 00:20:10,440 Speaker 1: day Break is brought to you by ancient accountants and advisors. 363 00:20:10,520 --> 00:20:13,680 Speaker 1: Challenging times call for proactive advisors who helped minimize taxes, 364 00:20:13,760 --> 00:20:16,159 Speaker 1: increase cash flow, and create opportunities for the future of 365 00:20:16,200 --> 00:20:23,440 Speaker 1: your business. To visit Ancient dot Com broadcasting live from 366 00:20:23,480 --> 00:20:27,280 Speaker 1: the Bloomberg Interactive Broker's studio in New York. Bloomberg E 367 00:20:27,359 --> 00:20:31,280 Speaker 1: Living Freedom to Washington, d C, Bloomberg On to Boston, 368 00:20:31,440 --> 00:20:35,320 Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg sixteen 369 00:20:35,359 --> 00:20:38,000 Speaker 1: to the Country, Sirius XM to the one nine team, 370 00:20:38,119 --> 00:20:41,600 Speaker 1: and around the globe the Bloomberg Business and Bloomberg Radio 371 00:20:41,720 --> 00:20:51,480 Speaker 1: dot Com. This is Bloomberg Daybreak, six thirty on Wall Street. 372 00:20:51,480 --> 00:20:54,320 Speaker 1: Good morning, I'm Nathan Hagar and I'm Karen Moscow, and 373 00:20:54,359 --> 00:20:56,359 Speaker 1: we're just about three hours away from the open of 374 00:20:56,480 --> 00:20:58,560 Speaker 1: US trading. Time for the five things you need to 375 00:20:58,680 --> 00:21:02,080 Speaker 1: notice start your day. A brought to you by Interactive Brokers. 376 00:21:02,160 --> 00:21:04,920 Speaker 1: Up First. Peace talks between Ukraine and Russia resume in 377 00:21:05,040 --> 00:21:08,400 Speaker 1: Turkey this week, but that's being overshadowed by comments from 378 00:21:08,480 --> 00:21:11,040 Speaker 1: President Biden over the weekend. He took aim at the 379 00:21:11,080 --> 00:21:14,359 Speaker 1: leadership of Vladimir Putin. We'll have a different future of 380 00:21:14,440 --> 00:21:19,520 Speaker 1: writer future rooting democracy in principle, open light, decency, indignitive, 381 00:21:19,600 --> 00:21:25,200 Speaker 1: freedom of possibilities. For God's sake, this man cannot remain power. 382 00:21:25,520 --> 00:21:28,200 Speaker 1: And those words are reverberating across Europe. This morning, the 383 00:21:28,240 --> 00:21:31,080 Speaker 1: White House trying to clarify the president's remarks, saying he 384 00:21:31,240 --> 00:21:35,359 Speaker 1: was not calling for regime changes in Russia. Well, critics 385 00:21:35,400 --> 00:21:38,399 Speaker 1: say President Biden's comment is a boost for Putin. We 386 00:21:38,520 --> 00:21:41,760 Speaker 1: get more from Bloomberg International Affairs reporter Mark Champion. The 387 00:21:41,840 --> 00:21:44,399 Speaker 1: words of what they are, they are a gift to 388 00:21:44,800 --> 00:21:47,119 Speaker 1: as and Putin, who has been arguing that this is 389 00:21:47,320 --> 00:21:50,200 Speaker 1: not a war against Ukraine. It's an award to defend 390 00:21:50,760 --> 00:21:55,240 Speaker 1: Russia against Western attempts to destroy Russia. So, you know, 391 00:21:55,400 --> 00:21:58,680 Speaker 1: unfortunately it's a gift to him in propaganda terms. You know, 392 00:21:58,800 --> 00:22:01,960 Speaker 1: when you have a leader who is now seen as 393 00:22:02,080 --> 00:22:06,680 Speaker 1: somewhat isolated, paranoid in Moscow, it really doesn't help to 394 00:22:06,800 --> 00:22:09,360 Speaker 1: suggest that that's the kind of thinking that is going 395 00:22:09,440 --> 00:22:12,320 Speaker 1: on in Washington. Whether or not it is the public position. 396 00:22:12,400 --> 00:22:15,520 Speaker 1: Bloomberg Smart Champion, says one White House officials, suggesting the 397 00:22:15,560 --> 00:22:18,640 Speaker 1: president's remarks were influenced by stories of suffering he heard 398 00:22:18,680 --> 00:22:22,840 Speaker 1: from Ukrainian refugees. Meantime, Nathan back in Washington, the White 399 00:22:22,880 --> 00:22:26,280 Speaker 1: House releases its budget proposal today. It's expected to detail 400 00:22:26,400 --> 00:22:30,320 Speaker 1: a billionaire minimum income tax, which would implement a minimum 401 00:22:30,400 --> 00:22:34,600 Speaker 1: tax rate for households worth more than a hundred million dollars. 402 00:22:34,920 --> 00:22:37,960 Speaker 1: That rate would hit both income and unrealized capital gains. 403 00:22:38,160 --> 00:22:40,480 Speaker 1: Turning the markets now care in the steepest global bond 404 00:22:40,600 --> 00:22:43,159 Speaker 1: route of the modern era, shows no signs of slowing. 405 00:22:43,240 --> 00:22:45,280 Speaker 1: Ten year treasury yields of climbed past two and a 406 00:22:45,320 --> 00:22:48,120 Speaker 1: half percent, yields on five year notes rose above those 407 00:22:48,200 --> 00:22:51,119 Speaker 1: on thirty year bonds and inversion for those maturities for 408 00:22:51,160 --> 00:22:53,880 Speaker 1: the first time since two thousand six. And we're seeing 409 00:22:54,080 --> 00:22:56,920 Speaker 1: big moves in the Japanese end this morning, Nathan. That's 410 00:22:56,920 --> 00:22:59,400 Speaker 1: after the Bank of Japan offered to buy an unlimited 411 00:22:59,440 --> 00:23:02,280 Speaker 1: amount of for three straight days. It's the first time 412 00:23:02,359 --> 00:23:05,200 Speaker 1: the central bank has made such a move. Checking the yen, 413 00:23:05,320 --> 00:23:07,800 Speaker 1: it's trading at the weakest level in seven years at 414 00:23:07,840 --> 00:23:11,040 Speaker 1: one twenty three point nine two against the dollar. And 415 00:23:11,160 --> 00:23:13,280 Speaker 1: that's the five things you need to know to start 416 00:23:13,359 --> 00:23:16,600 Speaker 1: your day, brought to you by Interactive Brokers. S ANDP 417 00:23:16,800 --> 00:23:19,720 Speaker 1: futures are a little change to lower this morning down 418 00:23:19,760 --> 00:23:23,400 Speaker 1: about four points down. Future is also little change Nasdack 419 00:23:23,480 --> 00:23:26,160 Speaker 1: futures down to thirties three and the tenure Treasury down 420 00:23:26,240 --> 00:23:28,920 Speaker 1: four thirties seconds yield two point for eight per cent. 421 00:23:29,359 --> 00:23:32,080 Speaker 1: Trade to head your latest local headlines plus the check 422 00:23:32,119 --> 00:23:39,200 Speaker 1: of sports. And this is Bloomberg six thirty three on 423 00:23:39,200 --> 00:23:41,639 Speaker 1: Wall Street, twenty three degrees in Central Park, avoid the 424 00:23:41,720 --> 00:23:44,760 Speaker 1: upper level. The George Washington Bridge delayser nearly an hour. 425 00:23:44,880 --> 00:23:47,320 Speaker 1: Now I'll tell you why in traffic shortly. First, Michael 426 00:23:47,320 --> 00:23:48,800 Speaker 1: Bars here with what else is going on in New 427 00:23:48,880 --> 00:23:51,720 Speaker 1: York and around the world. Michael, good morning, Good morning, Nathan. 428 00:23:51,760 --> 00:23:55,359 Speaker 1: The January sixth Panel says two ETS advisors to former 429 00:23:55,400 --> 00:23:58,200 Speaker 1: President Donald Trump should be held in the contempt of 430 00:23:58,280 --> 00:24:02,400 Speaker 1: Congress because they're withholding information that a House committee considers 431 00:24:02,480 --> 00:24:05,800 Speaker 1: central to its investigation of events surrounding the attack on 432 00:24:05,880 --> 00:24:09,560 Speaker 1: the US Capitol. The investigating committee says former White House 433 00:24:09,720 --> 00:24:13,879 Speaker 1: Deputy Chief of Staff for Communications, Dan's Cavino and former 434 00:24:13,960 --> 00:24:17,800 Speaker 1: Trade advisor Peter Navarro may have had advanced warning about 435 00:24:17,800 --> 00:24:21,080 Speaker 1: the potential for violence. The panel will meet tonight. The 436 00:24:21,160 --> 00:24:23,680 Speaker 1: Cinderella team of the n C Double A men's basketball 437 00:24:23,760 --> 00:24:27,120 Speaker 1: tournament will still get a parade after being eliminated. St. 438 00:24:27,160 --> 00:24:31,520 Speaker 1: Peter's University lost to North Carolina. The Peacocks made tournament 439 00:24:31,720 --> 00:24:35,880 Speaker 1: history as the first fifteen seed to reach the Elite eight. 440 00:24:36,520 --> 00:24:39,359 Speaker 1: Fans back home in Jersey City watched the game, sharing 441 00:24:39,440 --> 00:24:41,920 Speaker 1: for how far the team advanced. We're gonna come back 442 00:24:41,960 --> 00:24:45,960 Speaker 1: next season. We're gonna win next season, Jersey City Mayor 443 00:24:46,000 --> 00:24:48,680 Speaker 1: Stephen Phullips said on Twitter. The city will also hold 444 00:24:48,720 --> 00:24:51,760 Speaker 1: the keys to the city ceremony for the team. Pushed 445 00:24:51,800 --> 00:24:55,159 Speaker 1: back from top Capitol Hill lawmakers following the announcement that 446 00:24:55,240 --> 00:24:59,119 Speaker 1: the Veterans Administration plans to close dozens of v A 447 00:24:59,280 --> 00:25:02,679 Speaker 1: hospitals and lenox across the country to build new facilities. 448 00:25:03,119 --> 00:25:06,159 Speaker 1: Senate MA geority leader Chuck Schumer said he's urging to 449 00:25:06,240 --> 00:25:09,159 Speaker 1: v A to rethink to plan hospital closures. We are 450 00:25:09,200 --> 00:25:12,840 Speaker 1: gonna fight this proposal tooth and nail. We're gonna put 451 00:25:12,920 --> 00:25:15,800 Speaker 1: a dagger through It's hard. It is not gonna see 452 00:25:17,320 --> 00:25:20,360 Speaker 1: and we're here doing it now because we're gonna nip 453 00:25:20,480 --> 00:25:24,880 Speaker 1: this in the button. Senator Schumer spoke alongside military veterans 454 00:25:24,920 --> 00:25:27,320 Speaker 1: in New York. It's a moment that will be talked 455 00:25:27,359 --> 00:25:30,800 Speaker 1: about in the history of the Academy Awards. Actor Will 456 00:25:30,880 --> 00:25:35,000 Speaker 1: Smith slapped comedian Chris Rock on live television minutes before 457 00:25:35,080 --> 00:25:38,639 Speaker 1: winning the Best Actor. Oscar rockead joked that Smith's wife, 458 00:25:38,840 --> 00:25:41,600 Speaker 1: Jada Pinkett Smith, could be in the next g I. 459 00:25:41,880 --> 00:25:45,040 Speaker 1: Jane movie, reference to her very short hair. She has 460 00:25:45,160 --> 00:25:49,399 Speaker 1: alopecia disease, which causes hair loss. Smith addressed the incident 461 00:25:49,520 --> 00:25:52,359 Speaker 1: during his acceptance speech for his role in King Richard 462 00:25:52,960 --> 00:25:55,200 Speaker 1: and They're like crazy five And just like they said 463 00:25:55,240 --> 00:26:00,200 Speaker 1: about Richard, Williams um, but love will make you do 464 00:26:00,440 --> 00:26:04,640 Speaker 1: crazy things. Jessica chan Stain whe the Oscar for Best Actress. 465 00:26:04,960 --> 00:26:08,760 Speaker 1: Apple's Coda one Best Picture. Global News twenty four hours 466 00:26:08,800 --> 00:26:11,959 Speaker 1: a day on air and on Bloomberg Quittake, powered by 467 00:26:12,000 --> 00:26:14,600 Speaker 1: more than seven hundred journalists and analyists in more than 468 00:26:14,600 --> 00:26:18,280 Speaker 1: a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan, 469 00:26:18,440 --> 00:26:25,280 Speaker 1: Thank you, Michael. Almost six thirty six on Wall Street. 470 00:26:25,280 --> 00:26:28,200 Speaker 1: Tim for the Bloomberg Sports update with John stennshown alright Nathan. 471 00:26:28,240 --> 00:26:30,600 Speaker 1: The Nets waited about five months for Kyrie every to 472 00:26:30,640 --> 00:26:32,800 Speaker 1: be allowed to play a home games by being unvaxed. 473 00:26:32,840 --> 00:26:35,240 Speaker 1: He finally dead and he had one of his worst games, 474 00:26:35,280 --> 00:26:38,080 Speaker 1: shot just six of twenty two, outplayed by Charlotte's young 475 00:26:38,119 --> 00:26:40,520 Speaker 1: point guard LaMelo Ball has scored thirty three points. The 476 00:26:40,640 --> 00:26:43,440 Speaker 1: Hornets beat the Nets in Milklan one ten. The Knicks 477 00:26:43,800 --> 00:26:46,359 Speaker 1: blow one point lead but held on at Detroit and 478 00:26:46,400 --> 00:26:48,040 Speaker 1: one oh four one oh two. Knicks have won six 479 00:26:48,080 --> 00:26:50,280 Speaker 1: of their last eight road games that are home tonight 480 00:26:50,359 --> 00:26:52,480 Speaker 1: for Chicago at the Garden. Last night, Rangers, in a 481 00:26:52,520 --> 00:26:54,600 Speaker 1: back and forth game won five four and overtime of 482 00:26:54,680 --> 00:26:57,000 Speaker 1: a Buffalo Jandre Miller. The game wont of two minutes 483 00:26:57,040 --> 00:26:59,360 Speaker 1: into ot the Devil's wanted to shoot apt the Islanders lost. 484 00:26:59,400 --> 00:27:02,359 Speaker 1: As we just heard the news, the Slipper no longer fits, 485 00:27:02,480 --> 00:27:05,320 Speaker 1: but St. Peter's will be remembered for perhaps the greatest 486 00:27:05,359 --> 00:27:07,760 Speaker 1: Cinderella running NC Double A tournament history. The coach of 487 00:27:07,800 --> 00:27:10,639 Speaker 1: the Peak cocksud he In Holloway. No one gave a chancel, 488 00:27:11,040 --> 00:27:12,520 Speaker 1: no one believed it, but the people are in the 489 00:27:12,600 --> 00:27:15,040 Speaker 1: locker room and the people you know that's that's in 490 00:27:15,119 --> 00:27:19,680 Speaker 1: not programmed Plow administration know us and and in May history, 491 00:27:19,960 --> 00:27:22,399 Speaker 1: you know, they shocked the world. They you know, he 492 00:27:22,480 --> 00:27:25,159 Speaker 1: got guys that's got to be remembered for things that 493 00:27:26,000 --> 00:27:28,240 Speaker 1: they could tell their kids and grandkids. In Philly. St. 494 00:27:28,240 --> 00:27:30,679 Speaker 1: Peter's lost by twenty in North Carolina, who will now 495 00:27:30,800 --> 00:27:32,600 Speaker 1: face Duke at the Final four in New Orleans. It 496 00:27:32,640 --> 00:27:36,080 Speaker 1: will be the two game between the arch rival and 497 00:27:36,200 --> 00:27:38,400 Speaker 1: the first ever in the n C Double as Kansas 498 00:27:38,440 --> 00:27:41,280 Speaker 1: will play Villanova. Yankees and Mets both one. Aaron Judge 499 00:27:41,320 --> 00:27:43,879 Speaker 1: homer twice, and so did Francisco Lindor. He had home 500 00:27:43,960 --> 00:27:46,240 Speaker 1: runs from both sides of the plate. The hottest golfer 501 00:27:46,320 --> 00:27:49,200 Speaker 1: Scotty Sheeffler. He won the match play in Texas easily. 502 00:27:49,320 --> 00:27:51,959 Speaker 1: He's won three of his last five tournaments, and Scotty 503 00:27:52,040 --> 00:27:54,359 Speaker 1: Sheffler not ranked as the number one golfer in the world. 504 00:27:54,680 --> 00:27:57,720 Speaker 1: John Snash at were Bloomberg Sports Nathan Okay, John, thanks 505 00:27:57,760 --> 00:27:59,800 Speaker 1: six thirty seven on Wall Street Time. You take a 506 00:27:59,840 --> 00:28:01,560 Speaker 1: look now it stacks some of the names moving in 507 00:28:01,640 --> 00:28:03,479 Speaker 1: the pre market. For that. We're joined this morning by 508 00:28:03,560 --> 00:28:06,040 Speaker 1: Bloomberg's Laura Right Laura, good morning. We've had a lot 509 00:28:06,160 --> 00:28:09,640 Speaker 1: of moves involving Tesla this morning, a lot of headlines 510 00:28:09,720 --> 00:28:14,040 Speaker 1: for sure. We have indeed twofold headlines for Tesla right now. 511 00:28:14,119 --> 00:28:18,160 Speaker 1: The stock rallying almost five A tweet earlier this hour 512 00:28:18,400 --> 00:28:22,280 Speaker 1: sent Tesla's share price surging. Tesla will ask shareholders to 513 00:28:22,359 --> 00:28:25,639 Speaker 1: vote at this year's annual meeting in order to authorize 514 00:28:25,720 --> 00:28:29,760 Speaker 1: additional shares in order to enable a stock split. Earlier 515 00:28:29,800 --> 00:28:32,320 Speaker 1: this morning, Tesla shares were selling off in the pre 516 00:28:32,480 --> 00:28:36,159 Speaker 1: market because Tesla's Shanghai factory will be closed for the 517 00:28:36,280 --> 00:28:39,600 Speaker 1: next four days due to a two stage lockdown which 518 00:28:39,680 --> 00:28:43,600 Speaker 1: is now taking place in Shanghai to conduct mass testing 519 00:28:43,720 --> 00:28:47,640 Speaker 1: against COVID nineteen. We're seeing a real divergence between China's 520 00:28:47,800 --> 00:28:52,200 Speaker 1: zero COVID policy and other developed markets which are considering 521 00:28:52,320 --> 00:28:55,680 Speaker 1: COVID and endemic and this plant closure, well, that was 522 00:28:55,760 --> 00:29:00,360 Speaker 1: significant because Shanghai makes half of Tesla's electric v calls 523 00:29:00,480 --> 00:29:03,360 Speaker 1: and not only supports the wider Asia market, but also 524 00:29:03,440 --> 00:29:06,320 Speaker 1: exports to Europe. And we've also gotten a lot of 525 00:29:06,400 --> 00:29:09,320 Speaker 1: news this morning about Apple, not just the fact that 526 00:29:10,040 --> 00:29:12,840 Speaker 1: they're they're big movie one Best Picture last night at 527 00:29:12,880 --> 00:29:16,320 Speaker 1: the oscars. But there are some issues for Apple now 528 00:29:16,960 --> 00:29:22,120 Speaker 1: with Covid still maintaining its script in China. Exactly, Apple 529 00:29:22,200 --> 00:29:25,560 Speaker 1: trading down one in the pre market, and this morning 530 00:29:25,600 --> 00:29:28,360 Speaker 1: a report from nick A Asia that Apple is going 531 00:29:28,440 --> 00:29:31,640 Speaker 1: to reduce the output of iPhones and apples this year 532 00:29:31,880 --> 00:29:35,480 Speaker 1: due to growing uncertainties surrounding the war in Ukraine, the 533 00:29:35,560 --> 00:29:39,480 Speaker 1: headwind of looming inflation and as you say, rolling lockdowns 534 00:29:39,600 --> 00:29:42,920 Speaker 1: in China. So and also in European markets, you have 535 00:29:43,000 --> 00:29:45,960 Speaker 1: to remember we are experiencing a cost of living crisis, 536 00:29:46,400 --> 00:29:50,040 Speaker 1: higher energy prices and CPI for the Eurozone is expected 537 00:29:50,120 --> 00:29:52,400 Speaker 1: to be the highest level since the inception of the 538 00:29:52,480 --> 00:29:55,640 Speaker 1: Euro when it comes out this Friday, and keeping it 539 00:29:55,840 --> 00:29:59,920 Speaker 1: in Asia this morning, I see your watching US casino 540 00:30:00,000 --> 00:30:03,160 Speaker 1: of stocks with exposure to Macau. What's happening there? I 541 00:30:03,240 --> 00:30:06,360 Speaker 1: am indeed so names such as Las Vegas Sands, Melco 542 00:30:06,480 --> 00:30:10,120 Speaker 1: Resorts and Entertainment Win Resorts MGM Resorts. So there's not 543 00:30:10,240 --> 00:30:13,160 Speaker 1: enough volume right now to see pre market moves. But 544 00:30:13,320 --> 00:30:16,400 Speaker 1: due to the lockdown in Shanghai, investors are concerned that 545 00:30:16,440 --> 00:30:20,480 Speaker 1: we will see less mainland visits to those casino companies 546 00:30:20,560 --> 00:30:22,840 Speaker 1: in Macau. All right, So we'll be keeping an eye 547 00:30:22,880 --> 00:30:26,520 Speaker 1: on that as the market opens as well. Bloomberg's lore right, 548 00:30:26,560 --> 00:30:28,440 Speaker 1: thanks for keeping us up to speed on what's happening 549 00:30:28,480 --> 00:30:30,400 Speaker 1: in the pre market and as we take a look 550 00:30:30,440 --> 00:30:32,840 Speaker 1: at stocks as a whole before the open on Wall 551 00:30:32,880 --> 00:30:36,160 Speaker 1: Street on this Monday morning. Little change as far as 552 00:30:36,200 --> 00:30:38,280 Speaker 1: the futures go right now. S and P futures are 553 00:30:38,320 --> 00:30:40,800 Speaker 1: down a point and a half down, futures up four points, 554 00:30:41,240 --> 00:30:44,360 Speaker 1: NASTAC futures lower by twenty three points. That's a drop 555 00:30:44,400 --> 00:30:48,040 Speaker 1: of about two tenths percent. The big actions happening in Europe, 556 00:30:48,080 --> 00:30:51,080 Speaker 1: with Germany's decks up one point seven percent and the 557 00:30:51,120 --> 00:30:53,360 Speaker 1: CAC in Paris higher by one and a half percent 558 00:30:53,520 --> 00:30:55,880 Speaker 1: right now. Lots of action in the bond market as well, 559 00:30:55,960 --> 00:30:58,240 Speaker 1: with a ten year down four thirty seconds, the yield 560 00:30:58,520 --> 00:31:01,560 Speaker 1: two point four eight percent. At one point in the 561 00:31:01,720 --> 00:31:05,240 Speaker 1: overnight the tenure breached two and a half percent, yield 562 00:31:05,280 --> 00:31:07,600 Speaker 1: on the two years at two point three four and 563 00:31:07,880 --> 00:31:10,160 Speaker 1: nime X crew continues it's to climb down four and 564 00:31:10,240 --> 00:31:13,280 Speaker 1: a quarter percent at a hundred nine dollars four cents 565 00:31:13,320 --> 00:31:23,480 Speaker 1: of barrel. You're listening to Bloomberg Daybreak, Bloomberg eleven three 566 00:31:23,480 --> 00:31:27,040 Speaker 1: oh weather partly sunny, breezy, mid thirties today, mostly sunny, 567 00:31:27,120 --> 00:31:29,120 Speaker 1: breezy with a high near forty. Tomorrow we'll get to 568 00:31:29,160 --> 00:31:31,880 Speaker 1: the mid forties with increasing clouds by Wednesday. Right now 569 00:31:32,120 --> 00:31:39,240 Speaker 1: twenty three in Central Park Markets, headlines and breaking news 570 00:31:39,440 --> 00:31:42,000 Speaker 1: twenty four hours a day at Bloomberg dot Com, The 571 00:31:42,080 --> 00:31:45,600 Speaker 1: Bloomberg Business at and at Bloomberg Quick Take, She's a 572 00:31:45,640 --> 00:31:54,560 Speaker 1: Bloomberg Business Flash and I'm Karen most Tawie and p. 573 00:31:54,760 --> 00:31:57,040 Speaker 1: Futures are a little change this morning, we get to 574 00:31:57,080 --> 00:31:59,600 Speaker 1: the first word breaking news dance for today's morning call. 575 00:31:59,720 --> 00:32:02,800 Speaker 1: And here Bill Maloney, Bill, good morning, and good morning Karen. 576 00:32:02,880 --> 00:32:05,600 Speaker 1: That's right. US futures are quiet right now. Down futures 577 00:32:05,640 --> 00:32:08,600 Speaker 1: hired by eighteen points, SUPs gaining point one nasdack futures 578 00:32:08,800 --> 00:32:11,520 Speaker 1: are lower by twelve. The US a ten year old 579 00:32:11,520 --> 00:32:14,400 Speaker 1: at two point four nine percent. Gold is down twenty five. 580 00:32:14,480 --> 00:32:17,040 Speaker 1: Oil is also under pressure, but bitcoin is up like 581 00:32:17,120 --> 00:32:20,320 Speaker 1: two point four percent. Hong Kong rose one point three 582 00:32:20,360 --> 00:32:22,880 Speaker 1: percent overnight, while up markets are also in the green, 583 00:32:23,160 --> 00:32:26,080 Speaker 1: led by games in Germany and Italy. Back in the US, 584 00:32:26,160 --> 00:32:28,719 Speaker 1: on the economic Fronday thirty, hostel inventories and A ten 585 00:32:28,840 --> 00:32:32,160 Speaker 1: thirty the Dallas Fed. In other news, Tesla's up four 586 00:32:32,240 --> 00:32:34,600 Speaker 1: percent premarket pre market on the report they plan to 587 00:32:34,600 --> 00:32:38,280 Speaker 1: seek approval on another stock split, and Apple is lower 588 00:32:38,360 --> 00:32:41,440 Speaker 1: pre market on the report of an iPhone production cut. 589 00:32:41,760 --> 00:32:44,400 Speaker 1: Wrapping things up, micro Chip was cut to neutral Gooleman Sacks, 590 00:32:44,440 --> 00:32:47,000 Speaker 1: Deer raised to neutral at JP Morgan Bank of Marker 591 00:32:47,120 --> 00:32:49,680 Speaker 1: was raised to equate up Morgan Stanley, and all Trio 592 00:32:49,840 --> 00:32:53,720 Speaker 1: was cut to sector perform At RBC Live from the 593 00:32:53,720 --> 00:32:56,400 Speaker 1: first to Breaking news desk on Bill Maloney cameral Alright, Bill, 594 00:32:56,440 --> 00:32:58,080 Speaker 1: thank you to hear live breaking news over here at 595 00:32:58,080 --> 00:33:00,960 Speaker 1: Bloomberg Times. Squawk on your terminal, ascue you a w 596 00:33:01,200 --> 00:33:03,560 Speaker 1: K and that's a Bloomberg Business Flash. Now here's Michael 597 00:33:03,600 --> 00:33:06,320 Speaker 1: bar with Moore on what's going on around the world. Michael, 598 00:33:06,800 --> 00:33:09,200 Speaker 1: thank you very much, Karen. President Joe Biden sought to 599 00:33:09,240 --> 00:33:13,320 Speaker 1: clarify his call for the removal of Vladimir Prutent. Biden 600 00:33:13,400 --> 00:33:17,680 Speaker 1: says he wasn't seeking regime change after European allies raised 601 00:33:17,760 --> 00:33:21,480 Speaker 1: concern and critics said that he was further inflaming tension 602 00:33:21,600 --> 00:33:25,040 Speaker 1: with Russia. At the Academy Awards, actor Will Smith slap 603 00:33:25,200 --> 00:33:28,640 Speaker 1: comedian Chris Rock on Live TV. Minutes before winning the 604 00:33:28,720 --> 00:33:32,160 Speaker 1: Best Actor, Oscar Smith took offense after Rock made a 605 00:33:32,280 --> 00:33:36,240 Speaker 1: joke about Smith's wife, Jada Pinkett. Smith Jessica Chastain and 606 00:33:36,280 --> 00:33:39,760 Speaker 1: won for Best Actress. Apple's Coda is the first streaming 607 00:33:39,880 --> 00:33:43,200 Speaker 1: film to win Best Picture. The Final four is set 608 00:33:43,240 --> 00:33:46,040 Speaker 1: in the Men's NZ Double A basketball tournament. North Carolina 609 00:33:46,120 --> 00:33:49,480 Speaker 1: plays Duke Kansas will face Villanova in the NBA. Kyrie 610 00:33:49,600 --> 00:33:52,160 Speaker 1: Irving played his first home game of the season, but 611 00:33:52,280 --> 00:33:54,959 Speaker 1: the Nets lost the Knicks and Celtics won. The Wizards 612 00:33:55,000 --> 00:33:57,400 Speaker 1: beat the Warriors in the NHL. The Rangers won in 613 00:33:57,480 --> 00:34:00,239 Speaker 1: ot over the Sabers. The Devil's won in his Now 614 00:34:00,320 --> 00:34:03,600 Speaker 1: over the Canadiens. The Islanders lost. Global news twenty four 615 00:34:03,640 --> 00:34:06,200 Speaker 1: hours a day on air and on Bloomberg Quick Thick, 616 00:34:06,400 --> 00:34:09,719 Speaker 1: powered by more than seven hundred journalist antalyist in more 617 00:34:09,760 --> 00:34:13,799 Speaker 1: than one twenty countries. Not Michael bar and this is Bloomberg. Karen, 618 00:34:14,120 --> 00:34:16,720 Speaker 1: all right, Michael, thank you, And it is six forty 619 00:34:16,840 --> 00:34:19,160 Speaker 1: nine on Wall Street. We turned to news and science 620 00:34:19,200 --> 00:34:21,520 Speaker 1: and technology now at the Bloomberg and j I t 621 00:34:21,680 --> 00:34:24,399 Speaker 1: Stem Report. It is brought to you by New Jersey 622 00:34:24,480 --> 00:34:27,319 Speaker 1: Institute of Technology n j i T makes industry ready 623 00:34:27,360 --> 00:34:30,359 Speaker 1: engineers and more than twenty fields. If it's engineering, it's 624 00:34:30,400 --> 00:34:32,680 Speaker 1: at n j i T. Learn more at n j 625 00:34:32,840 --> 00:34:34,600 Speaker 1: i T dot, E d U and now here's just 626 00:34:34,760 --> 00:34:38,280 Speaker 1: making news. In science, technology, engineering, and math. A second 627 00:34:38,360 --> 00:34:42,320 Speaker 1: COVID nineteen vaccine booster could soon be authorized for older adults. 628 00:34:42,560 --> 00:34:46,200 Speaker 1: The New York Times reports emergency use authorization is expected 629 00:34:46,239 --> 00:34:49,360 Speaker 1: to come this week. The second vaccine booster would essentially 630 00:34:49,440 --> 00:34:52,400 Speaker 1: be a fourth dose of the Fiser and Maderna m 631 00:34:52,560 --> 00:34:56,640 Speaker 1: RNA vaccines, But on Russian health, climate scientists worry how 632 00:34:56,719 --> 00:34:59,560 Speaker 1: they'll keep up with their important work of documenting warming 633 00:34:59,640 --> 00:35:03,279 Speaker 1: in the Arctic. Postcold War. Bridge building through science is 634 00:35:03,400 --> 00:35:06,600 Speaker 1: unraveling as Western nations seek to punish and isolate the 635 00:35:06,680 --> 00:35:09,800 Speaker 1: Kremlin because of the invasion by drying up support for 636 00:35:09,960 --> 00:35:15,160 Speaker 1: scientific programs involving Russia. The costs of this decompling, scientists say, 637 00:35:15,480 --> 00:35:18,520 Speaker 1: could be high on both sides. Tackling climate change and 638 00:35:18,600 --> 00:35:21,879 Speaker 1: their problems will be tougher without collaboration and time will 639 00:35:21,920 --> 00:35:25,440 Speaker 1: be lost. And scientists have figured out why vampire bats 640 00:35:25,480 --> 00:35:27,640 Speaker 1: are the only mammals that can survive on a diet 641 00:35:27,719 --> 00:35:31,320 Speaker 1: of just blood. They compared the genome of common vampire 642 00:35:31,400 --> 00:35:34,279 Speaker 1: bats to twenty six of their bats species and identified 643 00:35:34,400 --> 00:35:37,360 Speaker 1: thirteen genes that are missing or no longer work in 644 00:35:37,520 --> 00:35:41,239 Speaker 1: vampire bats over the years. Those gene tweaks help them 645 00:35:41,239 --> 00:35:44,800 Speaker 1: adapt to a blood diet rich in iron and protein, 646 00:35:45,160 --> 00:35:48,600 Speaker 1: but with minimal fats or carbohydrates. And the findings are 647 00:35:48,640 --> 00:35:52,200 Speaker 1: in the journal Science Advances. That's the Bloomberg and j. I. T. 648 00:35:52,360 --> 00:35:56,560 Speaker 1: Stem Report, Nathan, if only Bram Stoker had known. Thank you, Karen. 649 00:35:56,800 --> 00:35:59,000 Speaker 1: Six fifty one on Wall Street, We are live from 650 00:35:59,000 --> 00:36:01,759 Speaker 1: the Bloomberg Interact Broker's Studios time out to check what's 651 00:36:01,800 --> 00:36:03,839 Speaker 1: going on in d C. Some of the top stories 652 00:36:03,880 --> 00:36:07,240 Speaker 1: in our nation's capital include the Biden administration in cleanup 653 00:36:07,320 --> 00:36:10,480 Speaker 1: mode after the president's apparent ad lib in warsaw that 654 00:36:10,640 --> 00:36:14,960 Speaker 1: Vladimir Putin must not remain in power. What we all 655 00:36:15,200 --> 00:36:19,320 Speaker 1: agree on is that President Putin cannot be empowered to 656 00:36:19,400 --> 00:36:23,120 Speaker 1: wage war. US Ambassador to NATO Julianne Smith tells Fox 657 00:36:23,239 --> 00:36:26,360 Speaker 1: News Sunday, the President was not calling for regime change. 658 00:36:26,680 --> 00:36:32,440 Speaker 1: He has attacked Ukraine in a premeditated, unprovoked conflict and 659 00:36:33,080 --> 00:36:38,080 Speaker 1: is pursuing this relentless and brutal war in Ukraine, which 660 00:36:38,160 --> 00:36:40,200 Speaker 1: we all want to see come to an end. The 661 00:36:40,280 --> 00:36:43,360 Speaker 1: Republican Senator Rob Portman tells NBC's Meet the Press, the 662 00:36:43,400 --> 00:36:48,920 Speaker 1: President's line plays into Russian propagandists stands clarity is incredibly important, 663 00:36:49,160 --> 00:36:51,239 Speaker 1: and we may to be sure that we are also 664 00:36:51,360 --> 00:36:53,880 Speaker 1: clear with our NATO allies, because that's how we are stronger. 665 00:36:54,000 --> 00:36:57,360 Speaker 1: Also making news, Justice Clarence Thomas facing calls to recuse 666 00:36:57,440 --> 00:37:00,880 Speaker 1: himself from January six cases after his wife Jenny reportedly 667 00:37:00,960 --> 00:37:04,040 Speaker 1: texted White House Chief of Staff Mark Meadows about overturning 668 00:37:04,040 --> 00:37:08,680 Speaker 1: the election. Democratic Senator Amy Klobisher was on ABC's This Week, 669 00:37:08,880 --> 00:37:11,879 Speaker 1: not only should he recuse himself, but the Supreme Court 670 00:37:12,000 --> 00:37:14,920 Speaker 1: badly needs ethics rules. Chris Murphy's leading a bill I've 671 00:37:15,000 --> 00:37:17,920 Speaker 1: long been on supportive of that says basically, get your 672 00:37:17,960 --> 00:37:21,000 Speaker 1: act together, get ethics rules in place. This week, Meet 673 00:37:21,040 --> 00:37:22,920 Speaker 1: the Press in Fox News Sunday. Can all be heard 674 00:37:22,960 --> 00:37:25,360 Speaker 1: every Sunday on Bloomberg Radio and for more. On this 675 00:37:25,520 --> 00:37:28,760 Speaker 1: Monday morning, we're joined by Bloomberg Government reporter Emily Wilkins. 676 00:37:29,040 --> 00:37:32,000 Speaker 1: As we're still talking about the President's apparent off the 677 00:37:32,080 --> 00:37:35,640 Speaker 1: cuff from Mark in Warsaw Emily. What is the concerned 678 00:37:35,719 --> 00:37:42,319 Speaker 1: level at the White House about the President's speech on Saturday. Well, 679 00:37:42,719 --> 00:37:44,480 Speaker 1: I mean the speech is one thing that was the 680 00:37:44,560 --> 00:37:46,600 Speaker 1: off the cuff from Mark at the end that has 681 00:37:46,680 --> 00:37:51,280 Speaker 1: really concerned not only those in the US, those within government, 682 00:37:51,800 --> 00:37:55,800 Speaker 1: but also allies to the US. We've heard allies in 683 00:37:55,960 --> 00:37:59,000 Speaker 1: France and in the UK come out with concerns. French 684 00:37:59,080 --> 00:38:03,400 Speaker 1: President m crone said that they shouldn't escalate with words 685 00:38:03,560 --> 00:38:06,320 Speaker 1: or with actions, and that is the concern of what 686 00:38:06,520 --> 00:38:09,359 Speaker 1: Biden has done here. Now the White House has tried 687 00:38:09,400 --> 00:38:11,600 Speaker 1: to come out and you know, really walk this back. 688 00:38:11,719 --> 00:38:15,520 Speaker 1: We heard Secretary of State Anthony Blinken say that Biden's 689 00:38:15,560 --> 00:38:17,680 Speaker 1: off the cuff from Mark was a reference to Putin's 690 00:38:17,719 --> 00:38:20,600 Speaker 1: power and ability to invade other countries, and that they 691 00:38:20,640 --> 00:38:23,520 Speaker 1: were not calling for a regime change. But this just 692 00:38:23,640 --> 00:38:26,880 Speaker 1: really speaks to sort of how delicate the situation is 693 00:38:27,640 --> 00:38:32,400 Speaker 1: between Russia, Ukraine and other nations, and just how little 694 00:38:32,440 --> 00:38:35,520 Speaker 1: willingness there is at this point to escalate beyond the 695 00:38:35,600 --> 00:38:39,960 Speaker 1: current situation. There's also been some suggestion that Biden, just 696 00:38:40,120 --> 00:38:43,200 Speaker 1: after being in Poland, after talking with refugees, was in 697 00:38:43,280 --> 00:38:46,600 Speaker 1: a pretty emotional state when he did speak. Um, but 698 00:38:46,760 --> 00:38:48,840 Speaker 1: of of you know, of course, this is something the 699 00:38:48,880 --> 00:38:51,360 Speaker 1: White House is going to be dealing with going forward. 700 00:38:51,719 --> 00:38:54,000 Speaker 1: How much is the White House going to be dealing 701 00:38:54,040 --> 00:38:56,640 Speaker 1: with this? They've we've heard the walk back from a 702 00:38:56,760 --> 00:39:00,160 Speaker 1: number of Biden administration officials. Are we hearing about any 703 00:39:00,239 --> 00:39:03,439 Speaker 1: further outreach to allies or even to Russia about trying 704 00:39:03,480 --> 00:39:07,440 Speaker 1: to smooth this over. There's definitely been some discussion about 705 00:39:07,760 --> 00:39:10,440 Speaker 1: making sure that staffers are reaching out to their counterparts 706 00:39:10,480 --> 00:39:13,480 Speaker 1: in other nations, really making sure that they're clarifying where 707 00:39:13,560 --> 00:39:16,919 Speaker 1: the US stands on this. And you know, this really 708 00:39:17,040 --> 00:39:20,120 Speaker 1: could be a big problem for President Biden. A poll 709 00:39:20,200 --> 00:39:23,040 Speaker 1: that came out this weekend showed that some seventy of 710 00:39:23,080 --> 00:39:27,080 Speaker 1: Americans have a limited or little confidence in Biden's handling 711 00:39:27,239 --> 00:39:30,040 Speaker 1: of the Ukraine War, and so to had not have 712 00:39:30,200 --> 00:39:33,600 Speaker 1: that confidence behind him could really open the president up 713 00:39:34,239 --> 00:39:37,520 Speaker 1: to more attacks and concerns from those inside his party, 714 00:39:37,920 --> 00:39:41,319 Speaker 1: uh and out and outside. Really. I mean, at this point, 715 00:39:41,400 --> 00:39:43,920 Speaker 1: we've seen a lot of Republicans kind of try to 716 00:39:43,960 --> 00:39:47,400 Speaker 1: remain united behind President Biden to you know, be supportive 717 00:39:47,440 --> 00:39:50,759 Speaker 1: of his efforts. But we are seeing some Republican lawmakers 718 00:39:50,920 --> 00:39:54,560 Speaker 1: over the weekend now really raised concerns about Biden's remarks, 719 00:39:54,719 --> 00:39:56,960 Speaker 1: and you know, sort of indicate that this combined up 720 00:39:57,000 --> 00:39:59,759 Speaker 1: being a larger problem for the US. Now, of course, 721 00:40:00,000 --> 00:40:02,800 Speaker 1: President wants to turn his attention back to his domestic agenda. 722 00:40:02,920 --> 00:40:06,200 Speaker 1: He's releasing his budget proposal for the next fiscal year 723 00:40:06,320 --> 00:40:09,000 Speaker 1: later on this afternoon. We've got some idea of what's 724 00:40:09,000 --> 00:40:12,160 Speaker 1: in it. Can you sort of break things down for us? Yeah, 725 00:40:12,200 --> 00:40:14,239 Speaker 1: So this is a budget that's very much aimed at 726 00:40:14,320 --> 00:40:17,920 Speaker 1: certain the more moderate members of the Democratic Party, including 727 00:40:17,960 --> 00:40:21,239 Speaker 1: fiscal hawks. That includes a one trillion dollar reduction in 728 00:40:21,360 --> 00:40:24,200 Speaker 1: deficit spending for the coming decade. A lot of that 729 00:40:24,280 --> 00:40:28,000 Speaker 1: will actually come from a new proposed tax twenty minimum 730 00:40:28,080 --> 00:40:31,520 Speaker 1: tax on the income and unrealized capital themes of households 731 00:40:31,520 --> 00:40:34,840 Speaker 1: worth more than a hundred million. The administration's pitching this 732 00:40:34,960 --> 00:40:38,160 Speaker 1: as a billionaire minimum income tax and estimates that it 733 00:40:38,200 --> 00:40:42,000 Speaker 1: would generate three hundred sixty billion dollars in new revenue 734 00:40:42,239 --> 00:40:45,120 Speaker 1: over the next decade. The budget also includes one of 735 00:40:45,160 --> 00:40:48,600 Speaker 1: the largest investments in national security in US history, at 736 00:40:48,680 --> 00:40:52,160 Speaker 1: four percent increase from this year, and just to be 737 00:40:52,239 --> 00:40:53,680 Speaker 1: cleared to Athan I mean, the key word for this 738 00:40:53,760 --> 00:40:57,320 Speaker 1: whole thing is proposal. The White House goal send the 739 00:40:57,400 --> 00:41:00,919 Speaker 1: proposal to Congress, and Congress usually says this is very nice, 740 00:41:01,000 --> 00:41:03,120 Speaker 1: Mr President, thank you very much, but they wind up 741 00:41:03,160 --> 00:41:06,160 Speaker 1: doing their own thing, all right. Bloomberg Government reporter Emily Wilkins, 742 00:41:06,200 --> 00:41:08,520 Speaker 1: and we will be bringing you the president's remarks as 743 00:41:08,600 --> 00:41:12,200 Speaker 1: he releases his budget later on this afternoon. So stay 744 00:41:12,239 --> 00:41:15,279 Speaker 1: with Bloomberg Radio, Karen very Nathan, thank you at A 745 00:41:15,320 --> 00:41:18,400 Speaker 1: six fifty six on Wall Street. This is Bloomberg Daybreak. 746 00:41:18,880 --> 00:41:21,480 Speaker 1: March is Women's History Month, and every day this month 747 00:41:21,560 --> 00:41:25,000 Speaker 1: we are celebrating significant moments in women's history. Now, if 748 00:41:25,000 --> 00:41:28,000 Speaker 1: your installment for March twenty eight, here's Bloomberg's reny to 749 00:41:28,040 --> 00:41:31,400 Speaker 1: young on this day in women's history. In nineteen seventeen, 750 00:41:31,760 --> 00:41:35,600 Speaker 1: the Women's Army Auxiliary Corps was established. It was renamed 751 00:41:35,719 --> 00:41:39,400 Speaker 1: Queen Mary's Army Auxiliary Corps in nineteen eighteen, and just 752 00:41:39,560 --> 00:41:42,239 Speaker 1: a few years earlier, the mere suggestion of women in 753 00:41:42,320 --> 00:41:45,160 Speaker 1: the army would have been considered ridiculous by the British 754 00:41:45,239 --> 00:41:48,680 Speaker 1: War Office. As far as the British military was concerned, 755 00:41:48,800 --> 00:41:52,400 Speaker 1: the only military role that was suitable for women was nursing. 756 00:41:53,040 --> 00:41:56,040 Speaker 1: But in nineteen seventeen, there was a huge step back 757 00:41:56,120 --> 00:41:59,279 Speaker 1: from that mindset. When World War One was declared in 758 00:41:59,360 --> 00:42:03,160 Speaker 1: nineteen four team women formed long lines at labor exchanges 759 00:42:03,239 --> 00:42:06,200 Speaker 1: to volunteer for whatever roles that were available related to 760 00:42:06,280 --> 00:42:10,240 Speaker 1: the war. Coupled with Britain facing a major manpower shortage 761 00:42:10,280 --> 00:42:13,799 Speaker 1: two years later and several movements, women finally got an 762 00:42:13,800 --> 00:42:17,920 Speaker 1: opportunity to work alongside men soon after. That's today in 763 00:42:18,000 --> 00:42:21,920 Speaker 1: women's history. I'm we need a young Bloomberg radio. All right, 764 00:42:21,960 --> 00:42:23,719 Speaker 1: we need to thank you again. U S and P 765 00:42:23,920 --> 00:42:27,840 Speaker 1: futures are little change this morning. Dow futures little changed 766 00:42:27,880 --> 00:42:31,200 Speaker 1: as well, and Nounceday futures lower down about twenty three points. 767 00:42:31,239 --> 00:42:33,839 Speaker 1: A ten year treasury down six thirties seconds, yield two 768 00:42:33,920 --> 00:42:36,799 Speaker 1: point for nine percent, and the yield down that two 769 00:42:36,960 --> 00:42:41,120 Speaker 1: year is at two point three four percent. Bloomberg surveillance 770 00:42:41,280 --> 00:42:44,759 Speaker 1: is straight ahead. For Nathan Hagar, I'm Karen Moscow and 771 00:42:45,040 --> 00:42:46,320 Speaker 1: this is Bloomberg