1 00:00:03,080 --> 00:00:05,600 Speaker 1: Mitsliv Oh seven on Wall Street. Rain and forty degrees 2 00:00:05,600 --> 00:00:08,080 Speaker 1: in Central Park, but temperature is gonna fall through today. 3 00:00:08,080 --> 00:00:10,840 Speaker 1: We are under winter weather advisory. It's already slippery on 4 00:00:10,880 --> 00:00:13,440 Speaker 1: the roads. Lots of crashes will get too shortly. First 5 00:00:13,520 --> 00:00:15,440 Speaker 1: Michael Barr with more on what's going on in New 6 00:00:15,480 --> 00:00:17,840 Speaker 1: York and around the world. Good morning, Michael, Good morning Nathan. 7 00:00:17,920 --> 00:00:20,479 Speaker 1: Let's talk about the weather. The Tri state area is 8 00:00:20,520 --> 00:00:25,080 Speaker 1: getting another dose of snowy weather. Bloomberg meteorologist Rob Caroline 9 00:00:25,160 --> 00:00:27,680 Speaker 1: has the latest. Michael. The National Weather Service has a 10 00:00:27,720 --> 00:00:29,920 Speaker 1: winter weather advisory effect for the city in parts of 11 00:00:29,960 --> 00:00:31,720 Speaker 1: New Jersey this morning. A coal front is going to 12 00:00:31,800 --> 00:00:34,040 Speaker 1: cross the area. That's gonna change any rain over to 13 00:00:34,080 --> 00:00:36,440 Speaker 1: some wet snow. Right now, it looks like the accumulations 14 00:00:36,440 --> 00:00:39,040 Speaker 1: will be limited, according to Mabe, as much as two inches, 15 00:00:39,120 --> 00:00:42,000 Speaker 1: especially across some of the higher hilltops in northwestern New Jersey. 16 00:00:42,280 --> 00:00:45,200 Speaker 1: Precipitation should be done by midday. Temperatures will be falling, 17 00:00:45,400 --> 00:00:47,320 Speaker 1: so folks need to be careful because there will be 18 00:00:47,320 --> 00:00:50,680 Speaker 1: some slick spots, especially this afternoon. Michael, Thank you, Rob. 19 00:00:50,720 --> 00:00:53,800 Speaker 1: New York Mayor Eric Adams has enough is enough after 20 00:00:53,880 --> 00:00:57,520 Speaker 1: an eleven month old child is in critical condition stable, 21 00:00:57,760 --> 00:01:01,240 Speaker 1: but she was struck in the face by a stray bullet. 22 00:01:01,640 --> 00:01:04,120 Speaker 1: The child was in a parked car with her mother 23 00:01:04,240 --> 00:01:07,080 Speaker 1: while her father went into a grocery store. Police say 24 00:01:07,080 --> 00:01:10,919 Speaker 1: a man chasing another ran and opened fire. A bullet 25 00:01:10,959 --> 00:01:14,160 Speaker 1: struck the child in the bronx. Adams, who campaigned on 26 00:01:14,200 --> 00:01:16,600 Speaker 1: a pledge to make the city safer, spoke to reporters 27 00:01:16,600 --> 00:01:19,080 Speaker 1: after meeting with the girl's parents at the hospital. It 28 00:01:19,240 --> 00:01:23,080 Speaker 1: was a total disregard for the innocent people who are 29 00:01:23,160 --> 00:01:28,520 Speaker 1: walking into these streets. This is not the city how 30 00:01:28,640 --> 00:01:31,240 Speaker 1: children should grow up in here. Adam says he's going 31 00:01:31,280 --> 00:01:33,640 Speaker 1: to stay in the streets until the city is safe. 32 00:01:34,040 --> 00:01:37,120 Speaker 1: New York City officials want to send drivers and cyclists 33 00:01:37,120 --> 00:01:41,280 Speaker 1: a message lacks enforcement of traffic rules is ending. Mayor 34 00:01:41,319 --> 00:01:44,080 Speaker 1: Adams said the city is launching a multime million dollar 35 00:01:44,160 --> 00:01:47,640 Speaker 1: ad campaign, the highlight pedestrian safety initiatives, and a new 36 00:01:47,680 --> 00:01:51,240 Speaker 1: traffic rule requiring cyclists and drivers to come to a 37 00:01:51,280 --> 00:01:55,600 Speaker 1: complete stop at all intersections. New Jersey Governor Phil Murphy 38 00:01:55,640 --> 00:01:59,360 Speaker 1: says he will require healthcare workers and employees and nursing 39 00:01:59,400 --> 00:02:02,680 Speaker 1: homes and prisons to get fully vaccinated and boosted against 40 00:02:02,840 --> 00:02:05,840 Speaker 1: COVID nineteen, dropping an option to either get the shot 41 00:02:05,920 --> 00:02:09,240 Speaker 1: or be tested. This is an unfathomable number. Roughly five 42 00:02:10,240 --> 00:02:14,760 Speaker 1: thousand New Jersey ands have tested positive for COVID, and 43 00:02:14,919 --> 00:02:19,040 Speaker 1: overwhelmingly with the omicron variant. Governor Murphy says that healthcare 44 00:02:19,040 --> 00:02:22,360 Speaker 1: workers who are unvaccinated will have until next Thursday to 45 00:02:22,400 --> 00:02:25,440 Speaker 1: get their first shot. Global News twenty four hours a 46 00:02:25,520 --> 00:02:28,200 Speaker 1: day on air and on Bloomberg Quickday, powered by more 47 00:02:28,240 --> 00:02:31,320 Speaker 1: than twenty journalist and analysts in more than a hundred 48 00:02:31,360 --> 00:02:34,480 Speaker 1: twenty countries. I'm Michael bar This is Bloomberg. Thanks Michael, 49 00:02:39,000 --> 00:02:40,959 Speaker 1: five O nine on Wall Street. Time for the Bloomberg 50 00:02:41,000 --> 00:02:43,480 Speaker 1: Sports Update. Good morning, John Stan, John all right, Good morning, Nathan. 51 00:02:43,560 --> 00:02:45,440 Speaker 1: Rangers were on a long road trip one three or 52 00:02:45,480 --> 00:02:47,800 Speaker 1: five back at the Garden first time in over two weeks. 53 00:02:47,919 --> 00:02:53,080 Speaker 1: Another win for the Blue Shirts. Chad wins the face 54 00:02:53,160 --> 00:03:01,440 Speaker 1: off back at the Point Troup, but with a shot, 55 00:03:02,120 --> 00:03:04,520 Speaker 1: and they beat Toronto six to three. That the UNPN 56 00:03:04,600 --> 00:03:06,799 Speaker 1: had the call. It's their twenty sixth win of the season, 57 00:03:06,800 --> 00:03:09,320 Speaker 1: only ten losses. Devils lost their third row beat at 58 00:03:09,320 --> 00:03:12,040 Speaker 1: home by Arizona four to one. Nets in Washington, a 59 00:03:12,200 --> 00:03:14,680 Speaker 1: road game. That means the Kyrie Irving game. Good thing 60 00:03:14,800 --> 00:03:17,640 Speaker 1: for Brooklyn. He scored thirty points nets hung on top 61 00:03:17,680 --> 00:03:21,799 Speaker 1: the Wizards one eighteen the Marcus Aldridge at seven, Nick 62 00:03:21,919 --> 00:03:23,840 Speaker 1: Arrow and two on This home stands to night they 63 00:03:23,880 --> 00:03:26,320 Speaker 1: take on New Orleans and Philadelphia. Last night the Sixers 64 00:03:26,400 --> 00:03:29,680 Speaker 1: Joel Embiid played only twenty seven minutes due an injury, 65 00:03:29,720 --> 00:03:33,560 Speaker 1: still scored fifty points in a win over Orlando. Another center, 66 00:03:33,680 --> 00:03:36,560 Speaker 1: Nicola Yokis. He had forty nine and a triple double 67 00:03:36,600 --> 00:03:39,360 Speaker 1: in Denver's two point win over the l A Clippers. 68 00:03:39,360 --> 00:03:41,680 Speaker 1: The l A Lakers Keith losing. They fell at home 69 00:03:41,680 --> 00:03:44,560 Speaker 1: to Indiana lebron and the Lakers have lost four or five. 70 00:03:44,600 --> 00:03:47,040 Speaker 1: They are under five hundred. They say they have no 71 00:03:47,160 --> 00:03:50,160 Speaker 1: plans to fire their coach, Frank Vogel. St John's went 72 00:03:50,160 --> 00:03:53,080 Speaker 1: out to Omaha, got blown out by Creighton eighties seven 73 00:03:53,200 --> 00:03:56,000 Speaker 1: sixty four. In Villanova was upset at home by Marquette. 74 00:03:56,040 --> 00:04:00,720 Speaker 1: Rutgers top to Iowa to forty six. Australian Open. Daniel 75 00:04:00,760 --> 00:04:03,280 Speaker 1: Medvedev the two seed the Tops. The course was no 76 00:04:03,400 --> 00:04:06,040 Speaker 1: back Tokovitch. He's doubt and may be had played now 77 00:04:06,080 --> 00:04:09,160 Speaker 1: against fiance Nick Krios Medvedev won the first setting the tidebreaker, 78 00:04:09,160 --> 00:04:11,960 Speaker 1: Who's up five four in the second. The Giants don't 79 00:04:11,960 --> 00:04:14,320 Speaker 1: have a general manager yet. They have received permission to 80 00:04:14,320 --> 00:04:17,680 Speaker 1: interview a coaching candidate, Dan Quinn, former Atlanta coach now 81 00:04:17,720 --> 00:04:20,880 Speaker 1: an assistant in Dallas. Johns they actually were Bloomberg Sports Nathan, 82 00:04:21,040 --> 00:04:23,520 Speaker 1: Thank you John, with the nastac now in correction. Territory 83 00:04:23,560 --> 00:04:26,680 Speaker 1: futures are moving a touch higher this morning. SMP futures 84 00:04:26,720 --> 00:04:29,039 Speaker 1: are up seventeen points, Staff futures up a hundred nine. 85 00:04:29,400 --> 00:04:32,039 Speaker 1: NaSTA futures are higher by ninety four points. The tenure 86 00:04:32,080 --> 00:04:34,800 Speaker 1: treasury is up eight thirty seconds, the yield one point 87 00:04:34,839 --> 00:04:38,520 Speaker 1: eight three percent. President Biden defends his first year record 88 00:04:38,560 --> 00:04:41,120 Speaker 1: analysis of his end of the year news conference, next 89 00:04:41,120 --> 00:04:44,760 Speaker 1: with Greg Valier of a GF Investments. This is Bloomberg 90 00:04:47,279 --> 00:04:50,400 Speaker 1: Bloomberg eleven three oh weather winter weather advisory till this afternoon. 91 00:04:50,440 --> 00:04:52,560 Speaker 1: Temperatures falling through the day as we deal with a 92 00:04:52,640 --> 00:04:56,240 Speaker 1: wintry mess and accumulation of an inch or so. Partly 93 00:04:56,279 --> 00:05:03,800 Speaker 1: sunny cold tomorrow only low twenties. Markets headlines and breaking 94 00:05:03,839 --> 00:05:06,720 Speaker 1: news twenty four hours a day at Bloomberg dot com. 95 00:05:06,839 --> 00:05:09,840 Speaker 1: Of Bloomberg Business out hand at Bloomberg Quick Take. This 96 00:05:10,320 --> 00:05:19,880 Speaker 1: is a Bloomberg business flash and I'm Karen Moscow. Europeans 97 00:05:19,960 --> 00:05:24,120 Speaker 1: stocks reversing initial gains as the global sovereign bonds sell off, 98 00:05:24,200 --> 00:05:27,240 Speaker 1: pauses and investors turn their focus to corporate earnings. US 99 00:05:27,320 --> 00:05:30,320 Speaker 1: DOT index futures. Meanwhile, they're moving higher. And we checked 100 00:05:30,320 --> 00:05:32,640 Speaker 1: the markets every fifteen minutes throughout the trading day on 101 00:05:32,720 --> 00:05:36,400 Speaker 1: Bloomberg SMP futures of seventeen points down. Futures have a 102 00:05:36,480 --> 00:05:39,640 Speaker 1: hundred fod NASDAG features of ninety five. The decks in 103 00:05:39,640 --> 00:05:41,880 Speaker 1: Germany's down to tenths of upper cent. The ten year 104 00:05:41,920 --> 00:05:44,080 Speaker 1: treasury of nine thirty seconds, he had one point eight 105 00:05:44,080 --> 00:05:47,279 Speaker 1: three percent yield on the two year one point oh 106 00:05:47,279 --> 00:05:50,320 Speaker 1: three per cent. Nimex scrude oils done about two tenths 107 00:05:50,360 --> 00:05:52,560 Speaker 1: per cent or thirteen cents at eighty six dollars eighty 108 00:05:52,560 --> 00:05:55,080 Speaker 1: three cents of barrel comex school down two tenths per 109 00:05:55,080 --> 00:05:57,400 Speaker 1: cent or four dollars ten cents at eighteen forty one 110 00:05:57,440 --> 00:06:00,360 Speaker 1: forty announced the euro one point one three or nine 111 00:06:00,360 --> 00:06:02,600 Speaker 1: against the dollar. British found one point three six too 112 00:06:02,640 --> 00:06:05,680 Speaker 1: white and against at one fourteen point three to bitcoin 113 00:06:05,760 --> 00:06:09,160 Speaker 1: this morning at forty one d thirty dollars. Today we 114 00:06:09,200 --> 00:06:11,640 Speaker 1: are watching for the weekly report on initial jobless claims 115 00:06:11,640 --> 00:06:14,039 Speaker 1: at eight thirty. Wall Street time. Existing home sales are 116 00:06:14,080 --> 00:06:16,760 Speaker 1: at it ten. That's a Bloomberg business flash. Now here's 117 00:06:16,760 --> 00:06:19,560 Speaker 1: Michael Barr with more on what's going on around the world. Michael, 118 00:06:19,560 --> 00:06:22,880 Speaker 1: Good morning, Good morning Karen. President Joe Biden says he 119 00:06:22,920 --> 00:06:26,719 Speaker 1: thinks Russia will invade Ukraine during his news conference yesterday 120 00:06:26,720 --> 00:06:29,960 Speaker 1: byt and also warned President Vladimir Putin that his country 121 00:06:29,960 --> 00:06:33,479 Speaker 1: would pay a dear price in lives lost and a 122 00:06:33,520 --> 00:06:36,720 Speaker 1: possible cut off from the global banking system if it does. 123 00:06:37,120 --> 00:06:40,479 Speaker 1: As for NATO, the likelihood that Ukraine is going to 124 00:06:40,560 --> 00:06:43,640 Speaker 1: join DATA in the near term is not very like. 125 00:06:44,080 --> 00:06:47,560 Speaker 1: President Biden also said a minor incursion by Russia would 126 00:06:47,560 --> 00:06:50,440 Speaker 1: elicit a lesser response. He later sought to clarify that 127 00:06:50,920 --> 00:06:53,880 Speaker 1: he was referring to a non military action such as 128 00:06:54,000 --> 00:06:58,200 Speaker 1: a cyber attack. Voting legislation collapsed in the Senate after 129 00:06:58,279 --> 00:07:01,520 Speaker 1: a raw, emotional debate. Democrats were unable to change Senate 130 00:07:01,600 --> 00:07:05,280 Speaker 1: rules to push past a Republican filibuster. In the NBA, 131 00:07:05,400 --> 00:07:08,719 Speaker 1: the Nets beat the Wizards one eighteen, The Celtics lost 132 00:07:09,000 --> 00:07:11,920 Speaker 1: in the NHL, the Rangers won the Devil's Lost. Global 133 00:07:11,960 --> 00:07:14,480 Speaker 1: News twenty four hours a day on air and on 134 00:07:14,520 --> 00:07:18,160 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven under journalists 135 00:07:18,160 --> 00:07:21,360 Speaker 1: and analysts more than twenty countries. I'm Michael Barr. This 136 00:07:21,600 --> 00:07:24,640 Speaker 1: is Bloomberg, Nathan. Alright, Michael. Thanks, It's five nineteen on 137 00:07:24,640 --> 00:07:27,800 Speaker 1: Wall Street Live from the Bloomberg Interactive Brokers Studios. This 138 00:07:27,880 --> 00:07:30,320 Speaker 1: is Bloomberg Day Breaking for more on all that's happening 139 00:07:30,320 --> 00:07:32,960 Speaker 1: in the nation's capital. We're joined by Greg Valier, chief 140 00:07:33,040 --> 00:07:36,520 Speaker 1: US policy strategist at a GF Investments. Greg. Good morning. 141 00:07:36,520 --> 00:07:38,160 Speaker 1: I think it's safe to say a lot of attention 142 00:07:38,240 --> 00:07:41,000 Speaker 1: is still on President Biden's comments when it comes to 143 00:07:41,320 --> 00:07:44,960 Speaker 1: Russia at that long news conference yesterday. What stood out 144 00:07:45,000 --> 00:07:47,920 Speaker 1: for you from what the President had to say, Well, 145 00:07:47,920 --> 00:07:52,880 Speaker 1: good morning, Nathan. Obviously, the Russia Ukraine contents were astonishing. 146 00:07:53,520 --> 00:07:56,480 Speaker 1: It was a decent two hours. In many other respects. 147 00:07:56,520 --> 00:08:00,000 Speaker 1: We got some new thinking from Biden on his legislatest strategy, 148 00:08:00,040 --> 00:08:03,560 Speaker 1: g on the election, but all of that stuff will 149 00:08:03,560 --> 00:08:07,280 Speaker 1: be forgotten. What people will remember is what he said 150 00:08:07,320 --> 00:08:11,320 Speaker 1: about Putin and when it comes to Russia, the walk 151 00:08:11,400 --> 00:08:14,280 Speaker 1: back that we heard from Michael Barr in the News, 152 00:08:14,400 --> 00:08:19,000 Speaker 1: they're sort of clarifying whether the response would be to 153 00:08:19,120 --> 00:08:23,280 Speaker 1: a military incursion as opposed to something in the cyber 154 00:08:23,320 --> 00:08:29,000 Speaker 1: realm or something lesser. What's the difficulty for diplomacy now 155 00:08:29,320 --> 00:08:32,920 Speaker 1: after the President's comments? I think it complicates things. And 156 00:08:33,040 --> 00:08:35,960 Speaker 1: you know, if you're a president and your own people 157 00:08:36,040 --> 00:08:39,439 Speaker 1: have to issue a clarification a couple of hours after 158 00:08:39,480 --> 00:08:42,679 Speaker 1: you make a statement, that's never a good thing. And 159 00:08:42,760 --> 00:08:46,160 Speaker 1: I think that today Lincoln and others are going to 160 00:08:46,240 --> 00:08:50,960 Speaker 1: have to clarify to our allies what Biden actually meant. 161 00:08:51,520 --> 00:08:55,520 Speaker 1: But I think Biden revealed what he's thinking, that if 162 00:08:55,520 --> 00:08:58,160 Speaker 1: it's just a minor incursion, will be just a minor 163 00:08:58,240 --> 00:09:02,440 Speaker 1: response in his own line. That that I think had 164 00:09:02,640 --> 00:09:06,840 Speaker 1: Biden's advisors aghast and they had to clarify it. How 165 00:09:06,840 --> 00:09:11,360 Speaker 1: will Russian President Vladimir Putin respond? In your estimation, I 166 00:09:11,400 --> 00:09:14,040 Speaker 1: think Putin must think he died and went to heaven. 167 00:09:14,280 --> 00:09:17,960 Speaker 1: So now we've got three successive presidents who have not 168 00:09:18,120 --> 00:09:22,400 Speaker 1: been tough enough. Barack Obama had meek sanctions after Putin 169 00:09:22,440 --> 00:09:26,120 Speaker 1: went into crimea uh. Donald Trump, of course was a 170 00:09:26,200 --> 00:09:29,600 Speaker 1: lapdog for Putin, and now you have Joe Biden saying 171 00:09:29,600 --> 00:09:33,120 Speaker 1: we might just have a modest response. So all three 172 00:09:33,160 --> 00:09:36,280 Speaker 1: of the last of three presidents I think have not 173 00:09:36,400 --> 00:09:39,640 Speaker 1: handled Putin very well. How is it gonna stir NATO? 174 00:09:41,280 --> 00:09:43,560 Speaker 1: I think NATO has got to be aghast as well. 175 00:09:43,760 --> 00:09:46,880 Speaker 1: NATO has to worry that Putin will continue to be 176 00:09:46,960 --> 00:09:49,960 Speaker 1: a threat. And what's next if Putin goes in and 177 00:09:49,960 --> 00:09:52,920 Speaker 1: take some of eastern Ukraine? Is there a new threat 178 00:09:53,000 --> 00:09:56,960 Speaker 1: to you know, Lithuania, Latvia, Estonia? Is there a new 179 00:09:57,200 --> 00:10:00,400 Speaker 1: threat in other parts of Central Europe? I think this 180 00:10:00,520 --> 00:10:03,360 Speaker 1: has to make our allies in that part of the 181 00:10:03,360 --> 00:10:07,439 Speaker 1: world very concerned. Let's move on to the domestic agenda, 182 00:10:07,480 --> 00:10:09,719 Speaker 1: because you mentioned that we got a little bit more 183 00:10:09,840 --> 00:10:12,880 Speaker 1: a glimpse into the president's thinking when it comes to 184 00:10:13,280 --> 00:10:17,280 Speaker 1: strategizing the domestic agenda going forward. It was very interesting 185 00:10:17,640 --> 00:10:20,720 Speaker 1: to hear the President say that he feels like he's 186 00:10:20,720 --> 00:10:24,560 Speaker 1: on the right track despite pulling that shows otherwise to 187 00:10:24,679 --> 00:10:26,960 Speaker 1: a to a great extent. So where do things go 188 00:10:27,120 --> 00:10:29,480 Speaker 1: from here now? Well, on this which would have been 189 00:10:29,480 --> 00:10:32,040 Speaker 1: the big story had it not been for Ukraine, I 190 00:10:32,080 --> 00:10:35,320 Speaker 1: do think that there's some chance that Biden can get 191 00:10:36,080 --> 00:10:39,720 Speaker 1: parts of his Build Back Better bill enacted. Joe Manchin 192 00:10:39,800 --> 00:10:43,679 Speaker 1: would be happy to get pre K stuff expanded Obamacare, 193 00:10:44,120 --> 00:10:48,079 Speaker 1: even some environmental spending, and even Kristen Cinema I think 194 00:10:48,120 --> 00:10:52,400 Speaker 1: could come along. So on this front and getting more done, 195 00:10:53,440 --> 00:10:56,400 Speaker 1: I think there's a decent chance that Biden can prevail. Well, 196 00:10:56,400 --> 00:10:59,000 Speaker 1: it's interesting as well to hear the President say that 197 00:10:59,120 --> 00:11:02,200 Speaker 1: the Build Back Better plan as structured before would do 198 00:11:02,320 --> 00:11:06,040 Speaker 1: more for inflation, at the same time saying that it's 199 00:11:06,120 --> 00:11:08,959 Speaker 1: up to the Federal Reserve to get prices under control, 200 00:11:09,000 --> 00:11:11,960 Speaker 1: and seeming to support the more hawkish turn it's taken. 201 00:11:12,280 --> 00:11:15,400 Speaker 1: Is the President doing enough to address the concerns that 202 00:11:15,480 --> 00:11:19,480 Speaker 1: many Americans have about rising price pressures. I don't think 203 00:11:19,480 --> 00:11:22,240 Speaker 1: you can do much. I think it will persist with 204 00:11:22,400 --> 00:11:25,640 Speaker 1: the supply chain story. I think will stay bad for 205 00:11:25,679 --> 00:11:28,679 Speaker 1: another six or seven months. So we have to show 206 00:11:28,679 --> 00:11:31,880 Speaker 1: some empathy, and he did. But the idea to build 207 00:11:31,880 --> 00:11:35,560 Speaker 1: back Better programs would help inflation. When you've got an 208 00:11:35,559 --> 00:11:38,400 Speaker 1: economy this hot, I'm not sure you need to spend 209 00:11:38,400 --> 00:11:41,679 Speaker 1: a lot more money. So in our last thirty seconds here, Greg, 210 00:11:41,720 --> 00:11:43,880 Speaker 1: there was a lot of thinking that the President needed 211 00:11:43,920 --> 00:11:46,640 Speaker 1: to recalibrate heading into a second year. Did this news 212 00:11:46,640 --> 00:11:50,720 Speaker 1: conference do it in parts? Yes, if you listen carefully 213 00:11:50,760 --> 00:11:54,600 Speaker 1: to the entire two hours of his presentation, But that 214 00:11:54,640 --> 00:11:57,720 Speaker 1: will all be forgotten. What people will remember is what 215 00:11:57,760 --> 00:12:00,760 Speaker 1: he said about Ukraine. All right, Greg Value, a chief 216 00:12:00,840 --> 00:12:04,600 Speaker 1: US policy strategist at a GF Investments. Good to have 217 00:12:04,720 --> 00:12:07,760 Speaker 1: your thoughts this morning after that long news conference that 218 00:12:07,800 --> 00:12:10,720 Speaker 1: we are going to be talking about for some time. 219 00:12:10,920 --> 00:12:14,240 Speaker 1: Looking ahead to the market, open futures are moving higher 220 00:12:14,400 --> 00:12:18,080 Speaker 1: with the NASTAC incorrection territory Right now, SMP futures are 221 00:12:18,120 --> 00:12:20,480 Speaker 1: up twenty one points down futures up a hundred thirty 222 00:12:20,760 --> 00:12:23,640 Speaker 1: NASTAC futures are higher by a hundred thirteen points. The 223 00:12:23,720 --> 00:12:26,240 Speaker 1: tenure treasury is up ten thirty seconds, the yield at 224 00:12:26,280 --> 00:12:29,199 Speaker 1: one point eight two per cent, and NIME ex s 225 00:12:29,240 --> 00:12:31,760 Speaker 1: crude oil is down two tenths percent at eighty six 226 00:12:31,800 --> 00:12:35,400 Speaker 1: dollars seventy nine cents of barrel. Just ahead, is this 227 00:12:35,559 --> 00:12:39,200 Speaker 1: market relief? And how's the five G rollout affecting airlines. 228 00:12:39,280 --> 00:12:40,880 Speaker 1: We'll have all that and more as we check your 229 00:12:40,920 --> 00:12:48,319 Speaker 1: top stories of the morning. This is Bloomberg Bloomberg eleven 230 00:12:48,360 --> 00:12:50,480 Speaker 1: three oh weather win your weather advisory. Rain for now, 231 00:12:50,480 --> 00:12:52,559 Speaker 1: but it's gonna change into a wintry mess. Highs in 232 00:12:52,600 --> 00:12:55,400 Speaker 1: the low forties early by tomorrow will only be in 233 00:12:55,400 --> 00:12:59,040 Speaker 1: the low twenties upper twenties for Saturday. Currently rain and 234 00:12:59,200 --> 00:13:06,000 Speaker 1: forty degrees. Broadcasting wide from the Bloomberg Interactive Broker Studio 235 00:13:06,120 --> 00:13:09,280 Speaker 1: in New York, Bloomberg E Living Freedom to Washington, d C, 236 00:13:09,480 --> 00:13:13,319 Speaker 1: Bloomberg nine to Boston, Bloomberg one O six one to 237 00:13:13,440 --> 00:13:17,160 Speaker 1: San Francisco, Bloomberg N sixteen to the Country Sirius XM 238 00:13:17,240 --> 00:13:20,480 Speaker 1: Chadle one nineteen, and around the globe the Bloomberg Business 239 00:13:20,480 --> 00:13:24,560 Speaker 1: app and Bloomberg Radio dot Com. This is Bloomberg Daybreak, 240 00:13:30,320 --> 00:13:32,240 Speaker 1: and it's five thirty on Wall Street. Good morning. I'm 241 00:13:32,320 --> 00:13:35,360 Speaker 1: Nathan Hager and I'm Karen Moscow, and we're just about 242 00:13:35,400 --> 00:13:38,040 Speaker 1: four hours away from the open of US trading. Let's 243 00:13:38,040 --> 00:13:39,360 Speaker 1: get you up to date on the news you need 244 00:13:39,400 --> 00:13:41,760 Speaker 1: to know at this hour of US futures are higher 245 00:13:41,800 --> 00:13:45,240 Speaker 1: and bond yields are lower following yesterday's sell off. We 246 00:13:45,320 --> 00:13:48,560 Speaker 1: get more on the market action live with Bloomberg's John Tucker. 247 00:13:48,720 --> 00:13:52,400 Speaker 1: John Good Morning, Karen Appy yesterday's one percent slide for 248 00:13:52,440 --> 00:13:54,480 Speaker 1: the nast Act. The index is now down over ten 249 00:13:54,559 --> 00:13:57,920 Speaker 1: percent from its November high. There may be some relief though. 250 00:13:58,040 --> 00:14:02,040 Speaker 1: Bonds are stabilizing today, and earning season has delivered positive 251 00:14:02,040 --> 00:14:05,480 Speaker 1: results from companies like Morgan Stanley, United Health, and Procter 252 00:14:05,600 --> 00:14:09,880 Speaker 1: and Gamble. Still, strategist at HSBC are cutting the recommendation 253 00:14:09,920 --> 00:14:13,120 Speaker 1: on US stocks from overweight to neutral. Live in New York. 254 00:14:13,120 --> 00:14:16,760 Speaker 1: I'm John Tucker Boomberg Daybreak. Okay, John, thank you. Politics 255 00:14:16,840 --> 00:14:19,800 Speaker 1: is also a major focus this morning. President Biden's pushed 256 00:14:19,800 --> 00:14:23,720 Speaker 1: for voting rights legislation has collapsed. Senators Joe Mansion and 257 00:14:23,840 --> 00:14:26,840 Speaker 1: Kirsten Cinema broke with Democrats to kill the bill. Still, 258 00:14:27,000 --> 00:14:30,280 Speaker 1: Vice President Kamala Harris is not giving up. The President 259 00:14:30,280 --> 00:14:31,960 Speaker 1: and I are not going to give up on this issue. 260 00:14:32,480 --> 00:14:35,560 Speaker 1: This is fundamental chary democracy and it is non negotiable. 261 00:14:35,760 --> 00:14:38,040 Speaker 1: Vice President Harris says they'll look to pass a smaller 262 00:14:38,160 --> 00:14:41,880 Speaker 1: voting plan instead. Meantime, Nathan President Biden held a wide 263 00:14:41,960 --> 00:14:44,400 Speaker 1: ranging news conference to end his first year in office. 264 00:14:44,440 --> 00:14:48,160 Speaker 1: The President said he's outperformed expectations, but at misfrustration from 265 00:14:48,200 --> 00:14:51,720 Speaker 1: a rising prices and the pandemic. He also says tensions 266 00:14:51,720 --> 00:14:54,760 Speaker 1: with Russian President Vadimir Putin could come to a head 267 00:14:54,800 --> 00:15:00,240 Speaker 1: over Ukraine. I'm certain what he's going to do. I 268 00:15:00,280 --> 00:15:03,680 Speaker 1: guess is he will move in. He has to do something. 269 00:15:03,960 --> 00:15:07,400 Speaker 1: President Biden says Russia will be held accountable if it 270 00:15:07,480 --> 00:15:11,320 Speaker 1: invades Ukraine. Outside politics, Karen, We're focused on the controversy 271 00:15:11,320 --> 00:15:13,640 Speaker 1: will roll out of five G. So far, the country's 272 00:15:13,640 --> 00:15:17,160 Speaker 1: avoided major airline disruptions tied to the service. Bloomberg Jornita 273 00:15:17,200 --> 00:15:19,160 Speaker 1: Young joins US Live with the latest. Good morning, Rinia, 274 00:15:19,200 --> 00:15:21,520 Speaker 1: Good morning Nathan. The f a A is clearing about 275 00:15:21,560 --> 00:15:24,800 Speaker 1: sixty two percent of the US aviation fleet to operate 276 00:15:24,800 --> 00:15:28,360 Speaker 1: at airports without fear of five G interference, and the 277 00:15:28,400 --> 00:15:31,720 Speaker 1: new safety measures also increased the number of airports where 278 00:15:31,720 --> 00:15:36,160 Speaker 1: flights can safely operate. While the US avoided major disruptions 279 00:15:36,160 --> 00:15:38,680 Speaker 1: on the first official day of five to service, the 280 00:15:38,800 --> 00:15:42,680 Speaker 1: f a A warns that disruptions are still possible. Live 281 00:15:42,720 --> 00:15:45,440 Speaker 1: in New York, I'm Nita Young, Bloomberg Day Break, All right, 282 00:15:45,440 --> 00:15:48,000 Speaker 1: rened to thank you and back to the markets. This morning, 283 00:15:48,000 --> 00:15:50,920 Speaker 1: the focus remains on earnings. We get results from Netflix 284 00:15:51,000 --> 00:15:53,320 Speaker 1: after the closing Bell and the company projects a gain 285 00:15:53,400 --> 00:15:56,760 Speaker 1: of eight and a half million subscribers. Bill Bloomberg Intelligence 286 00:15:56,800 --> 00:16:00,360 Speaker 1: expects a lower figure. Futures this morning are high R 287 00:16:00,400 --> 00:16:02,640 Speaker 1: S and P futures up about eighteen points and Dow 288 00:16:02,760 --> 00:16:06,040 Speaker 1: futures up ninety eight and NASTAG futures a one make. 289 00:16:06,240 --> 00:16:08,520 Speaker 1: NASTAG futures are up a hundred and Dow futures up 290 00:16:08,520 --> 00:16:11,000 Speaker 1: one hundred twelve. Straight to head your latest local headlines 291 00:16:11,040 --> 00:16:18,600 Speaker 1: plus a check of sports, and this is Bloomberg. Thanks caring. 292 00:16:18,640 --> 00:16:21,000 Speaker 1: It's thirty three in Wall Street, rain and forty degrees 293 00:16:21,040 --> 00:16:22,840 Speaker 1: in Central Park. It is slippery, and we got an 294 00:16:22,880 --> 00:16:25,440 Speaker 1: accident on the northbound West Side Highway to hundred fifty eight. 295 00:16:25,560 --> 00:16:28,280 Speaker 1: Details on that and more coming up in traffic. First 296 00:16:28,320 --> 00:16:30,080 Speaker 1: Michael Barr with what else is going on in New 297 00:16:30,160 --> 00:16:32,560 Speaker 1: York and around the world. Michael, thank you very much, Nathan. 298 00:16:32,600 --> 00:16:35,760 Speaker 1: New York Mayor Eric Adams says enough is enough after 299 00:16:35,800 --> 00:16:38,480 Speaker 1: an eleven month old girl was struck by a stray 300 00:16:38,560 --> 00:16:41,120 Speaker 1: bullet last night in the Bronx. The child, who was 301 00:16:41,160 --> 00:16:43,720 Speaker 1: in critical condition, was with her mother in a parked 302 00:16:43,800 --> 00:16:46,880 Speaker 1: vehicle while her father was in a nearby grocery store. 303 00:16:47,240 --> 00:16:51,480 Speaker 1: Police say an undunified man apparently opened fire while chasing 304 00:16:51,480 --> 00:16:54,280 Speaker 1: another man in the street. Adams, who campaigned on a 305 00:16:54,320 --> 00:16:56,960 Speaker 1: pledge to make the city safer, said he met with 306 00:16:56,960 --> 00:16:59,880 Speaker 1: the girl's parents at the hospital. Doesn't matter to me 307 00:17:00,560 --> 00:17:03,760 Speaker 1: if it's a police officers shot or if it's a 308 00:17:03,920 --> 00:17:08,000 Speaker 1: baby shot. I'm going to stay in these streets until 309 00:17:08,119 --> 00:17:11,080 Speaker 1: this city is safe, Mayor Adams, as the shooter is 310 00:17:11,119 --> 00:17:14,280 Speaker 1: on the loose. New Jersey Governor Phil Murphy is requiring 311 00:17:14,320 --> 00:17:17,960 Speaker 1: all workers in healthcare settings and high risk congregate living 312 00:17:17,960 --> 00:17:22,600 Speaker 1: facilities to be fully COVID nineteen vaccinated and boosted. Murphy 313 00:17:22,680 --> 00:17:25,720 Speaker 1: also says he is eliminating a test out option and 314 00:17:25,920 --> 00:17:30,359 Speaker 1: Omicron tsunami has washed across our state. While it appears 315 00:17:30,359 --> 00:17:35,080 Speaker 1: at Omicron the that the Omicrons tsunami is finally pulling back, 316 00:17:35,720 --> 00:17:38,119 Speaker 1: we are in no position to say we're on dry ground. 317 00:17:38,320 --> 00:17:41,600 Speaker 1: Governor Murphy says. Those in the healthcare community who aren't 318 00:17:41,640 --> 00:17:46,040 Speaker 1: vaccinated have until January to get their first vaccine does 319 00:17:46,280 --> 00:17:50,560 Speaker 1: and the second shot by February. Workers in nursing homes 320 00:17:50,600 --> 00:17:54,240 Speaker 1: and other congregate living facilities, including prisons, we'll have until 321 00:17:54,320 --> 00:17:57,240 Speaker 1: March thirty to get their second shot. The U. S. 322 00:17:57,240 --> 00:18:00,240 Speaker 1: Supreme Court denied a request from former President up to 323 00:18:00,280 --> 00:18:03,920 Speaker 1: shield as presidential papers from the congressional committee investigating the 324 00:18:04,000 --> 00:18:07,560 Speaker 1: January sixth attack. There was one vote in discent. Justice 325 00:18:07,600 --> 00:18:11,080 Speaker 1: Clarence Thomas Delaye. Maxwell formerly asked for a new trial 326 00:18:11,119 --> 00:18:13,840 Speaker 1: after her lawyers raised concerns that at least one of 327 00:18:13,880 --> 00:18:17,399 Speaker 1: the jurors who convicted her of sex trafficking didn't disclose 328 00:18:17,720 --> 00:18:21,520 Speaker 1: during pre trial screenings he was sexually abused as a child. 329 00:18:21,840 --> 00:18:25,159 Speaker 1: The British socialite was found guilty last month of helping 330 00:18:25,160 --> 00:18:29,359 Speaker 1: to sexually abuse underage girls. With Jeffrey Epstein, Global News 331 00:18:29,359 --> 00:18:32,520 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 332 00:18:32,720 --> 00:18:35,800 Speaker 1: powered by more than twenty seven hundred journalist analysts and 333 00:18:35,880 --> 00:18:38,359 Speaker 1: more than a hundred twenty countries. I'm Michael bar This 334 00:18:38,400 --> 00:18:46,440 Speaker 1: is Bloomberg, Nathan Michael. Thank you on Wall Street time 335 00:18:46,480 --> 00:18:49,040 Speaker 1: for the Bloomberg Sports Update with John Stetshew. Thanks. Faith 336 00:18:49,119 --> 00:18:52,399 Speaker 1: In the criticism of Kyrie Irving continues. The latest away 337 00:18:52,440 --> 00:18:54,879 Speaker 1: in Hall of Famer Dave Bing, who said Irving is 338 00:18:54,960 --> 00:18:57,600 Speaker 1: letting his teammates down. One of those teammates, James Harden, 339 00:18:57,920 --> 00:19:00,800 Speaker 1: recently joked that he's going to in jet Kyrie with 340 00:19:00,840 --> 00:19:04,320 Speaker 1: the vaccine himself, but there are no indications Kyrie will 341 00:19:04,400 --> 00:19:06,720 Speaker 1: change his stands, which means will continue to play only 342 00:19:06,800 --> 00:19:09,119 Speaker 1: on the road. The Nets are playing a lot of 343 00:19:09,200 --> 00:19:11,280 Speaker 1: road games right now. Last night they were in Washington. 344 00:19:11,359 --> 00:19:15,040 Speaker 1: They topped the Wizards one nineteen one eighteen. Irving scored 345 00:19:15,119 --> 00:19:18,560 Speaker 1: thirty chipping in in the first half. You know it's 346 00:19:18,560 --> 00:19:21,399 Speaker 1: going being aggressive and then um, you know, kind of 347 00:19:21,400 --> 00:19:23,440 Speaker 1: pasting myself in the second half, just trying to put 348 00:19:23,480 --> 00:19:26,679 Speaker 1: too two solid halves together at this point. Um, And 349 00:19:26,720 --> 00:19:28,480 Speaker 1: I think once I do that, I'll feel a lot 350 00:19:28,480 --> 00:19:30,080 Speaker 1: more complete. But in terms of where we are as 351 00:19:30,080 --> 00:19:33,520 Speaker 1: a teams. Could Stutty win despite Irving playing only part 352 00:19:33,560 --> 00:19:35,800 Speaker 1: time and now the Kepa Durant injury, that's only a 353 00:19:35,800 --> 00:19:38,320 Speaker 1: half game out for first in the East, Nick Sun 354 00:19:38,400 --> 00:19:40,520 Speaker 1: tonight for New Orleans. Last night at the Garden, other 355 00:19:40,640 --> 00:19:43,000 Speaker 1: Rangers win. They were down three one. They beat Toronto 356 00:19:43,160 --> 00:19:45,439 Speaker 1: six three, two goals for Adam Pops and two for 357 00:19:45,560 --> 00:19:48,760 Speaker 1: Ryan Reeves his first two of the season. Devils lost 358 00:19:48,760 --> 00:19:51,240 Speaker 1: at home to Arizona four to one. St. John's beating 359 00:19:51,320 --> 00:19:54,960 Speaker 1: soundly by Crate in eighties seven sixty four at Rutgers, 360 00:19:55,040 --> 00:19:58,000 Speaker 1: Ron Harper two free throws with two seconds left. Rutgers 361 00:19:58,040 --> 00:20:02,119 Speaker 1: won a low scoring in affair with Iowa. Andy Murray, 362 00:20:02,119 --> 00:20:04,200 Speaker 1: trying to make a comeback at age thirty four, Riddled 363 00:20:04,240 --> 00:20:06,160 Speaker 1: with injuries the last few years, he lost his second 364 00:20:06,200 --> 00:20:08,879 Speaker 1: round match at the Australian Open, where right now Daniel 365 00:20:08,920 --> 00:20:12,080 Speaker 1: Medvedev is up two sets on the Austine Nick Terios 366 00:20:12,080 --> 00:20:15,760 Speaker 1: Battle of Americans Taylor Fritz Pete Francis TFO. Fritz then 367 00:20:15,840 --> 00:20:19,200 Speaker 1: heard his leg when celebrating the victory, says he'll be 368 00:20:19,240 --> 00:20:22,639 Speaker 1: fine for his next match. John Stash, Edward Bloomberg, Sports Lincoln, 369 00:20:22,840 --> 00:20:25,320 Speaker 1: Thank you John. It's thirty seven on Wall Street time 370 00:20:25,320 --> 00:20:28,320 Speaker 1: for the Tri State Business Report. Here's Bloomberg's cory. A 371 00:20:28,359 --> 00:20:31,240 Speaker 1: lot of people quit their jobs last year. A report 372 00:20:31,280 --> 00:20:34,480 Speaker 1: by Chamber of Commerce dot org shows resignations were at 373 00:20:34,520 --> 00:20:37,400 Speaker 1: the lowest rate in New York, at one point eight percent. 374 00:20:37,880 --> 00:20:40,919 Speaker 1: The website reports about one point six million New Yorkers 375 00:20:40,960 --> 00:20:43,680 Speaker 1: quit their jobs last year. About four and a half 376 00:20:43,720 --> 00:20:48,040 Speaker 1: million Americans quit their jobs in November of one. Plug 377 00:20:48,160 --> 00:20:51,679 Speaker 1: Power is working with New York officials on possibly creating 378 00:20:51,680 --> 00:20:54,880 Speaker 1: a federally backed hydrogen hub as states by for eight 379 00:20:54,920 --> 00:20:58,200 Speaker 1: billion dollars in US funding for the cleaning fuel projects. 380 00:20:58,400 --> 00:21:02,120 Speaker 1: The federal Infrastructure package signed into law last year set 381 00:21:02,119 --> 00:21:05,840 Speaker 1: aside money for at least four hydrogen hubs nationwide. New 382 00:21:05,880 --> 00:21:09,000 Speaker 1: York City's transit system is looking to delay fair increases 383 00:21:09,000 --> 00:21:12,440 Speaker 1: for the second consecutive year thanks to better than expected 384 00:21:12,480 --> 00:21:16,040 Speaker 1: state revenue collections. The moves intended to bring riders back 385 00:21:16,040 --> 00:21:19,280 Speaker 1: to its network of subways, buses, and commuter rail lines. 386 00:21:19,960 --> 00:21:23,399 Speaker 1: Than your Bloomberg Try State Business Report, I'm in Corey, 387 00:21:23,520 --> 00:21:25,200 Speaker 1: all right, and thank you. It's five thirty eight on 388 00:21:25,240 --> 00:21:27,280 Speaker 1: Wall Street. Bloomberg Radio is on the air from San 389 00:21:27,280 --> 00:21:30,080 Speaker 1: Francisco to New York, London to Hong Kong. Let's check 390 00:21:30,119 --> 00:21:31,760 Speaker 1: in with our global news team for some of the 391 00:21:31,800 --> 00:21:34,680 Speaker 1: top stories heard on our three hundred affiliate radio stations 392 00:21:34,720 --> 00:21:40,720 Speaker 1: around the world. I'm Steve Potaskan on Chenchen Wins in 393 00:21:40,760 --> 00:21:43,399 Speaker 1: New York. We're talking about the pandemics still doing a 394 00:21:43,520 --> 00:21:46,879 Speaker 1: number on the housing market in parts of the metro area. 395 00:21:47,440 --> 00:21:50,879 Speaker 1: Um for Nitanaho on w h S and Louisville. Toyota's 396 00:21:50,920 --> 00:21:54,920 Speaker 1: COVID destructions deepen with more plants had the virus. I'm 397 00:21:55,000 --> 00:21:57,640 Speaker 1: calihead called BlueBag d a b Dishal radio in London 398 00:21:57,680 --> 00:22:00,840 Speaker 1: Bobus City for asking London Off to come back to 399 00:22:00,920 --> 00:22:03,440 Speaker 1: the office three days a week as the government tops 400 00:22:03,600 --> 00:22:07,560 Speaker 1: what from guided I did? Cory on w o AI 401 00:22:07,720 --> 00:22:12,320 Speaker 1: and sant Antonio. I'm reporting Duras software it acquired California 402 00:22:12,359 --> 00:22:15,879 Speaker 1: based Secure video and those are some of the stories 403 00:22:15,920 --> 00:22:19,320 Speaker 1: our Bloomberg journalist and analysts are working on this morning 404 00:22:19,400 --> 00:22:22,119 Speaker 1: around the world. It's five thirty nine on Wall Street. 405 00:22:22,440 --> 00:22:26,119 Speaker 1: The following is an editorial from Bloomberg Opinion. When he 406 00:22:26,160 --> 00:22:30,320 Speaker 1: took office one year ago, President Joe Biden faced extraordinary challenges, 407 00:22:30,640 --> 00:22:34,840 Speaker 1: a global pandemic, a teetering economy, and bitter partisan divisions. 408 00:22:35,480 --> 00:22:38,920 Speaker 1: How has he done? The economic recovery during his first 409 00:22:38,920 --> 00:22:41,879 Speaker 1: twelve months has been impressive. To be sure, output has 410 00:22:41,920 --> 00:22:45,280 Speaker 1: rebounded and unemployment has fallen to less than four percent, 411 00:22:46,119 --> 00:22:50,600 Speaker 1: But Biden has also disappointed in important respects. The gravest 412 00:22:50,640 --> 00:22:53,520 Speaker 1: threat to the nation now is not COVID nineteen, but 413 00:22:53,640 --> 00:22:57,680 Speaker 1: the possibility that America's creaking machinery of government might break 414 00:22:57,720 --> 00:23:01,600 Speaker 1: down altogether. The president's most important job is to restore 415 00:23:01,720 --> 00:23:06,440 Speaker 1: some semblance of national unity. Unfortunately, Biden hasn't tried hard 416 00:23:06,520 --> 00:23:10,080 Speaker 1: enough to push Democrats and Republicans to work together. The 417 00:23:10,119 --> 00:23:12,840 Speaker 1: president needs to remember that he promised to move on 418 00:23:13,000 --> 00:23:17,280 Speaker 1: from Trump's poisonous politics and start mending the country's divisions. 419 00:23:17,880 --> 00:23:21,600 Speaker 1: That's why he was elected, and no task is more important. 420 00:23:21,600 --> 00:23:24,600 Speaker 1: This editorial was written by the Bloomberg Opinion Editorial Board. 421 00:23:24,800 --> 00:23:27,639 Speaker 1: I'm David Shipley. For more Bloomberg opinion, please go to 422 00:23:27,640 --> 00:23:31,119 Speaker 1: Bloomberg dot com, slash opinion or op and go on 423 00:23:31,160 --> 00:23:34,639 Speaker 1: the Bloomberg terminal. These has been Bloomberg Opinion. You can 424 00:23:34,640 --> 00:23:37,639 Speaker 1: hear Bloomberg opinion editorials every weekday at this time. Terminal 425 00:23:37,680 --> 00:23:39,800 Speaker 1: customers can read more at O, P, I, N GO, 426 00:23:40,080 --> 00:23:42,680 Speaker 1: and we will have more analysis of President Biden's first 427 00:23:42,720 --> 00:23:45,520 Speaker 1: year in office. His end of that first year news conference. 428 00:23:45,720 --> 00:23:48,240 Speaker 1: Will be speaking live with Wendy Schiller, director of the 429 00:23:48,280 --> 00:23:51,960 Speaker 1: American Center for Politics and Policy of the Topman Center 430 00:23:52,080 --> 00:23:55,960 Speaker 1: at Brown University. Right now, SMP futures are of eighteen points, 431 00:23:56,040 --> 00:23:58,480 Speaker 1: sound futures up a hundred eleven and nastic futures hired 432 00:23:58,520 --> 00:24:03,840 Speaker 1: by nineties seven points. Bloomberg eleven three oh Weather Winter 433 00:24:03,960 --> 00:24:06,480 Speaker 1: Weather Advisory RAIN will turn over to snow this morning. 434 00:24:06,480 --> 00:24:08,800 Speaker 1: Temperatures will fall through the day. By tomorrow, we're only 435 00:24:08,800 --> 00:24:11,320 Speaker 1: going to get into the low twenties mix of sun 436 00:24:11,320 --> 00:24:19,159 Speaker 1: and clouds, upper twenties by Saturday. Markets headlines and breaking 437 00:24:19,160 --> 00:24:22,040 Speaker 1: news twenty four hours a day at Bloomberg dot Com, 438 00:24:22,200 --> 00:24:26,880 Speaker 1: The Bloomberg Business aland at Bloomberg Quicktape's a Bloomberg Business 439 00:24:26,920 --> 00:24:35,840 Speaker 1: Flash and I'm Karen Moscow. US stock index futures are 440 00:24:35,960 --> 00:24:39,640 Speaker 1: higher this morning. European stocks are lower as the global 441 00:24:39,960 --> 00:24:43,320 Speaker 1: sovereign bonds sell off, pauses and investors turn their focus 442 00:24:43,359 --> 00:24:46,000 Speaker 1: to corporate earnings. We checked the markets every fifteen minutes 443 00:24:46,040 --> 00:24:49,600 Speaker 1: throughout the trading day on Bloomberg SMP futures up nineteen 444 00:24:49,640 --> 00:24:53,240 Speaker 1: points this morning, Down futures up a NASDACK futures up 445 00:24:53,320 --> 00:24:55,320 Speaker 1: ninety eight. The decks in Germany's down a tenth of 446 00:24:55,359 --> 00:24:58,240 Speaker 1: upper cent ten. Your Treasury up eight thirty seconds, held 447 00:24:58,280 --> 00:25:00,720 Speaker 1: one three percent. They yield on the two year one 448 00:25:00,760 --> 00:25:03,920 Speaker 1: point oh three per cent. NIMEX Screwed oil is down 449 00:25:03,960 --> 00:25:06,240 Speaker 1: half per cent, or thirty nine cents at eighty six 450 00:25:06,240 --> 00:25:09,000 Speaker 1: dollars fifty seven cents of Barrel Comic School down three 451 00:25:09,000 --> 00:25:11,160 Speaker 1: tenths per cent. Or five dollars eighty cents at eighteen 452 00:25:11,200 --> 00:25:15,160 Speaker 1: thirty nine, the Euro one point one eight against the dollar, 453 00:25:15,200 --> 00:25:17,640 Speaker 1: British pound one point three six to one. The ends 454 00:25:17,680 --> 00:25:20,479 Speaker 1: at one fourteen point to six in bitcoin this morning 455 00:25:20,760 --> 00:25:24,040 Speaker 1: at forty two dollars. And as a Bloomberg business flash, 456 00:25:24,040 --> 00:25:26,399 Speaker 1: now here's Michael Barr with more unless going on around 457 00:25:26,400 --> 00:25:28,879 Speaker 1: the world. Michael Karen, thank you very much. Despite a 458 00:25:29,000 --> 00:25:32,200 Speaker 1: last minute attempt from Senate Majority Leader Chuck Schumann or 459 00:25:32,200 --> 00:25:36,600 Speaker 1: ovalhaul Senate filibuster rules, voting rights legislation is once again 460 00:25:36,640 --> 00:25:40,200 Speaker 1: failed in the Senate, Republicans of block voting rights legislation. 461 00:25:40,840 --> 00:25:44,200 Speaker 1: There was Senate debate, but every single Republican went on 462 00:25:44,240 --> 00:25:47,000 Speaker 1: the record voting against it. The U. S. Supreme Court 463 00:25:47,040 --> 00:25:49,840 Speaker 1: cleared the way for some of former President Donald Trump's 464 00:25:49,840 --> 00:25:52,560 Speaker 1: White House papers to be turned over to a congressional 465 00:25:52,600 --> 00:25:56,560 Speaker 1: panel investigating the January sixth capital attack. The Justice has 466 00:25:56,640 --> 00:25:59,800 Speaker 1: rejected Trump's bid to block the release on grounds of 467 00:25:59,840 --> 00:26:02,760 Speaker 1: the executive privilege. In the NBA, the Nets beat the 468 00:26:02,760 --> 00:26:06,480 Speaker 1: Wizards one nine eighteen. The Celtics lost. In the NHL, 469 00:26:06,560 --> 00:26:09,680 Speaker 1: the Rangers won the Devil's Lost. Global News twenty four 470 00:26:09,720 --> 00:26:13,080 Speaker 1: hours a day on air and on Bloomberg Quicktake, powered 471 00:26:13,080 --> 00:26:16,000 Speaker 1: by more than twenty seven under journalist and analysts more 472 00:26:16,000 --> 00:26:18,960 Speaker 1: than a hundred twenty countries. I'm Michael Barr, and this 473 00:26:19,119 --> 00:26:22,920 Speaker 1: is Bloomberg Nathan. Thanks Michael. It's almost nine on Wall Street. 474 00:26:22,960 --> 00:26:26,199 Speaker 1: Live from the Bloomberg Intractive Broker Studios. This is Bloomberg Daybreak. 475 00:26:26,200 --> 00:26:29,240 Speaker 1: I'm Nathan Hager. President Biden enters his second year in 476 00:26:29,320 --> 00:26:32,000 Speaker 1: office today with a promise to stay on track even 477 00:26:32,000 --> 00:26:35,240 Speaker 1: with COVID surging, inflation on the rise, and his domestic 478 00:26:35,280 --> 00:26:38,359 Speaker 1: agenda stalled on Capitol Hill. We have faced some of 479 00:26:38,400 --> 00:26:41,600 Speaker 1: the biggest challenges that we've ever faced in this country 480 00:26:41,880 --> 00:26:45,800 Speaker 1: these past few years. Challenges to our public health, challenges 481 00:26:45,840 --> 00:26:48,960 Speaker 1: to our economy. We're we're getting through, the president spoke 482 00:26:48,960 --> 00:26:51,159 Speaker 1: in a wide ranging news conference to mark the end 483 00:26:51,160 --> 00:26:53,520 Speaker 1: of his first year in office. For more, we're joined 484 00:26:53,520 --> 00:26:56,080 Speaker 1: this morning by Wendy Schiller, director of the Tobin Center 485 00:26:56,119 --> 00:26:59,920 Speaker 1: for American Politics and Policy at Brown University. Professor Schill, 486 00:27:00,200 --> 00:27:02,160 Speaker 1: it's good to have you with us this morning. There 487 00:27:02,240 --> 00:27:05,280 Speaker 1: is a lot to unpack from the President's news conference 488 00:27:05,400 --> 00:27:10,080 Speaker 1: yesterday lasted nearly two hours. What stood out for you well, Nathan. 489 00:27:10,200 --> 00:27:13,400 Speaker 1: I think it's a good use of term wide ranging. 490 00:27:13,440 --> 00:27:15,879 Speaker 1: It was nearly two hours helping, an hour and fifty 491 00:27:15,960 --> 00:27:18,480 Speaker 1: minutes that press conference. I mean, it's a couple of 492 00:27:18,480 --> 00:27:20,800 Speaker 1: good things. To Biden is one, as he showed command 493 00:27:20,840 --> 00:27:24,360 Speaker 1: of everything, all these issues, all these difficulties, all these crazies, 494 00:27:24,720 --> 00:27:27,199 Speaker 1: and he was on top of his game. Um, you know, 495 00:27:27,240 --> 00:27:29,399 Speaker 1: he knew what he was talking about. In fact, that 496 00:27:29,680 --> 00:27:32,119 Speaker 1: that may be one of the problems the President Biden 497 00:27:32,200 --> 00:27:35,120 Speaker 1: is that he's so experienced that when reporters pushed him 498 00:27:35,119 --> 00:27:37,160 Speaker 1: on will you change anything, will you do anything different? 499 00:27:37,200 --> 00:27:39,520 Speaker 1: Will you will you fire anybody? Or they said up 500 00:27:39,560 --> 00:27:42,159 Speaker 1: more nicely than I did, um, will you make his staff? Changing? 501 00:27:42,200 --> 00:27:44,359 Speaker 1: In terms of messaging, for example, your messaging is not 502 00:27:44,400 --> 00:27:46,760 Speaker 1: getting out and he just seemed really resistant to that. 503 00:27:47,080 --> 00:27:48,440 Speaker 1: So I think there are pluses for him, but I 504 00:27:48,480 --> 00:27:51,280 Speaker 1: think that's a big minus because when things are bad, 505 00:27:51,320 --> 00:27:53,520 Speaker 1: people want to see government tivot or to make a 506 00:27:53,600 --> 00:27:57,080 Speaker 1: change or respond in some way, and even just shuffling 507 00:27:57,119 --> 00:28:00,000 Speaker 1: people around in terms of messaging would be a signal 508 00:28:00,000 --> 00:28:01,920 Speaker 1: all But he acknowledges that there's some work to do, 509 00:28:02,560 --> 00:28:05,159 Speaker 1: and the President seemed to think that his agenda the 510 00:28:05,200 --> 00:28:07,560 Speaker 1: way he's framed it is the right way to go. 511 00:28:07,840 --> 00:28:10,119 Speaker 1: At the same time, though, as you mentioned, he is 512 00:28:10,200 --> 00:28:14,600 Speaker 1: facing uh, pretty significantly low poll numbers here. Is it enough, 513 00:28:15,320 --> 00:28:19,440 Speaker 1: as the President said that to go out and talk 514 00:28:19,520 --> 00:28:22,320 Speaker 1: to people more about what's working and where he wants 515 00:28:22,359 --> 00:28:25,840 Speaker 1: to take the country or does he need to do more? Well, 516 00:28:25,880 --> 00:28:27,960 Speaker 1: I mean it's I don't know. It's it's certainly a 517 00:28:28,000 --> 00:28:30,040 Speaker 1: component of what he thinks he needs to do in 518 00:28:30,200 --> 00:28:33,560 Speaker 1: terms of getting out of Washington and explaining, but it's 519 00:28:33,560 --> 00:28:36,080 Speaker 1: it's endemic to the entire Democratic Party. You know, there 520 00:28:36,080 --> 00:28:38,520 Speaker 1: are things that he's gotten done that are very very important, 521 00:28:38,560 --> 00:28:41,800 Speaker 1: like infrastructure for example, like like the beginnings of COVID 522 00:28:41,880 --> 00:28:45,560 Speaker 1: relief and vaccinations, and there's lots of things to tout 523 00:28:45,880 --> 00:28:48,280 Speaker 1: to say, we're trying to make your individual life better 524 00:28:48,440 --> 00:28:51,840 Speaker 1: and get through this and his party and he they're 525 00:28:51,840 --> 00:28:54,120 Speaker 1: not doing it. They're they're really playing to an inside 526 00:28:54,120 --> 00:28:57,120 Speaker 1: Washington kind of atmosphere. You know, he tried to blame 527 00:28:57,160 --> 00:29:00,680 Speaker 1: the Republicans, which actually is an effective campaign platform, which is, 528 00:29:00,840 --> 00:29:02,720 Speaker 1: you know, what do you stand for? What will you do? 529 00:29:03,040 --> 00:29:05,600 Speaker 1: And that's the big Achilles deal for the Republicans that Biden. 530 00:29:05,880 --> 00:29:08,240 Speaker 1: You know he's trying to get to, which is, once 531 00:29:08,240 --> 00:29:11,800 Speaker 1: the COVID pandemic eases, eases, it doesn't go away, but eases. 532 00:29:12,080 --> 00:29:13,800 Speaker 1: What the Republicans going to do? What are they going 533 00:29:13,840 --> 00:29:16,600 Speaker 1: to run on? No more mask mandates, no more vaccine fights, 534 00:29:16,880 --> 00:29:19,800 Speaker 1: you know what's left? And um, I think that's a 535 00:29:19,920 --> 00:29:23,640 Speaker 1: pivot the Democrats haven't made yet. Even I'm killing voting rights, Well, 536 00:29:23,560 --> 00:29:26,320 Speaker 1: what are you going to do to protect our electoral system? 537 00:29:27,080 --> 00:29:30,680 Speaker 1: So I think that in that sense he needs different people. Uh. 538 00:29:30,880 --> 00:29:33,040 Speaker 1: He himself said, I need to pivot more from being 539 00:29:33,080 --> 00:29:35,920 Speaker 1: a senator senator president to a president. I thought I 540 00:29:35,960 --> 00:29:38,200 Speaker 1: could be the same kind of negotiator I was in 541 00:29:38,240 --> 00:29:41,160 Speaker 1: the Senate, but I'm president now and we need to 542 00:29:41,200 --> 00:29:44,320 Speaker 1: see him using those executive powers and that's executive um 543 00:29:44,440 --> 00:29:47,240 Speaker 1: vantage point to sell his program better. And I think 544 00:29:47,240 --> 00:29:49,520 Speaker 1: he understands he needs to do it. Whether he does 545 00:29:49,600 --> 00:29:51,320 Speaker 1: and he has the right people around him, that's a 546 00:29:51,320 --> 00:29:53,760 Speaker 1: big question mark. It seems like we got a glimpse 547 00:29:53,760 --> 00:29:58,040 Speaker 1: of that negotiating style yesterday when the President was asked 548 00:29:58,080 --> 00:30:02,520 Speaker 1: about Russia, the tensions with Ukraine and seeming to open 549 00:30:02,640 --> 00:30:06,200 Speaker 1: up some of the divisions or differences of opinion within 550 00:30:06,320 --> 00:30:09,960 Speaker 1: NATO about how to respond depending on what Russia does 551 00:30:10,200 --> 00:30:14,640 Speaker 1: against Ukraine. Did the President make diplomacy more difficult after 552 00:30:14,760 --> 00:30:18,240 Speaker 1: his comments about Russia yesterday. I think he did. And 553 00:30:18,280 --> 00:30:21,200 Speaker 1: I think this is the shadow of President Obama's red 554 00:30:21,240 --> 00:30:23,360 Speaker 1: line with Syria on chemical weapons, when he sort of 555 00:30:23,360 --> 00:30:25,040 Speaker 1: said there's a red line in the sand, you can't 556 00:30:25,080 --> 00:30:26,959 Speaker 1: cross it, and then of course I saw did use 557 00:30:27,000 --> 00:30:29,920 Speaker 1: chemical weapons and United State didn't do anything really of note, 558 00:30:30,200 --> 00:30:33,160 Speaker 1: and I think Biden was it's just laboring under that shadow, 559 00:30:33,160 --> 00:30:35,160 Speaker 1: which is, don't promise what you can't deliver, which is 560 00:30:35,200 --> 00:30:39,000 Speaker 1: exactly what reporters were sort of not beating up on 561 00:30:39,080 --> 00:30:41,040 Speaker 1: him on, but asking him about in terms of his 562 00:30:41,080 --> 00:30:43,600 Speaker 1: campaign promises to the American people. So if you say, 563 00:30:43,680 --> 00:30:46,000 Speaker 1: if you do this, we will do that to to 564 00:30:46,160 --> 00:30:48,520 Speaker 1: putin UM and you can't or you won't and you 565 00:30:48,520 --> 00:30:51,000 Speaker 1: don't have the NATO support for it, then you're back 566 00:30:51,120 --> 00:30:53,920 Speaker 1: or you started from and it damages your credibility going forward. 567 00:30:54,080 --> 00:30:55,880 Speaker 1: So I think that he was trying to avoid that yesterday, 568 00:30:55,880 --> 00:30:59,080 Speaker 1: but I think he obviously slipped up by insinuating that 569 00:30:59,160 --> 00:31:02,520 Speaker 1: we'd be okay with a minor incursion into Ukraine. UM 570 00:31:02,640 --> 00:31:06,000 Speaker 1: so unfortunately that I don't think it went well for him. 571 00:31:06,040 --> 00:31:08,360 Speaker 1: So in our last minute here, Wendy, where do you 572 00:31:08,440 --> 00:31:11,680 Speaker 1: see the president taking his second year? Did he do 573 00:31:11,920 --> 00:31:16,360 Speaker 1: enough at the news conference yesterday to sort of recalibrate? Well, 574 00:31:16,400 --> 00:31:18,200 Speaker 1: you can't, you know, Nathan, we all know he can't 575 00:31:18,200 --> 00:31:20,640 Speaker 1: recalibrate in a single day. But I think one thing 576 00:31:20,760 --> 00:31:23,720 Speaker 1: that if you watch the whole thing, you realize is 577 00:31:23,800 --> 00:31:26,440 Speaker 1: these sort of attacks on his mental fitness. So he 578 00:31:26,480 --> 00:31:28,160 Speaker 1: doesn't know what's going on. I mean that that's just 579 00:31:28,520 --> 00:31:32,160 Speaker 1: empirically not true when you look at how he performed yesterday. Um, 580 00:31:32,240 --> 00:31:34,880 Speaker 1: whether he can actually make the changes he needs to 581 00:31:34,960 --> 00:31:37,200 Speaker 1: do to bring people in that can tell him how 582 00:31:37,240 --> 00:31:40,120 Speaker 1: to use executive power and executive messaging rather than the 583 00:31:40,160 --> 00:31:42,240 Speaker 1: way he was used to in the Senate, that's going 584 00:31:42,320 --> 00:31:44,880 Speaker 1: to be the big test of his presidential management style. 585 00:31:45,280 --> 00:31:47,239 Speaker 1: And at the moment we don't see any signs of that. 586 00:31:47,640 --> 00:31:50,720 Speaker 1: But you know, all presidents make changes in their second year, typically, 587 00:31:50,760 --> 00:31:53,280 Speaker 1: particularly if it's not going well. So we'll have to 588 00:31:53,320 --> 00:31:55,640 Speaker 1: see a president Biden decides to do something, all right. 589 00:31:55,720 --> 00:31:59,880 Speaker 1: Wendy Scholler, the director of the Todman Center for American 590 00:32:00,000 --> 00:32:03,320 Speaker 1: Politics and Policy, at Brown University. As always, thanks, thank 591 00:32:03,360 --> 00:32:06,400 Speaker 1: you for your insights on what's happening in the nation's capital. 592 00:32:06,520 --> 00:32:08,880 Speaker 1: Karen all Ry Nathan thank you. At its five fifty 593 00:32:08,960 --> 00:32:11,960 Speaker 1: four on Wall Street time for our daily Bloomberg Law 594 00:32:12,040 --> 00:32:15,000 Speaker 1: Brief exploring legal issues in the news, and today we're 595 00:32:15,000 --> 00:32:17,880 Speaker 1: looking at a Supreme Court decision tied to the First Amendment. 596 00:32:18,000 --> 00:32:21,040 Speaker 1: Justices seem prime to rule against Boston for refusing to 597 00:32:21,080 --> 00:32:24,760 Speaker 1: allow a conservative Christian organization to fly a flag in 598 00:32:24,800 --> 00:32:27,120 Speaker 1: front of city Hall. It's part of a program that 599 00:32:27,160 --> 00:32:30,400 Speaker 1: allows third parties to temporarily fly flags at the location 600 00:32:30,760 --> 00:32:35,120 Speaker 1: during oral arguments. Justices across the ideological spectrum seemed to 601 00:32:35,120 --> 00:32:38,440 Speaker 1: think Boston had created a quote public forum for more 602 00:32:38,440 --> 00:32:41,160 Speaker 1: in the case, Bloomberg's Jon Grasso speaks to First Amendment 603 00:32:41,200 --> 00:32:44,480 Speaker 1: expert Eugene Vloka, professor at u c l A Law School. 604 00:32:44,960 --> 00:32:48,160 Speaker 1: You can explain the main issue here, The question that 605 00:32:48,400 --> 00:32:51,479 Speaker 1: the court is facing is doesn't have to at that 606 00:32:51,560 --> 00:32:55,680 Speaker 1: point except really all proposed flags on the theory that 607 00:32:55,720 --> 00:32:59,800 Speaker 1: it's created a limited public forum where it can't exclude flags, 608 00:32:59,840 --> 00:33:03,840 Speaker 1: for example, because they're religious. The particular claimant here wanted 609 00:33:03,880 --> 00:33:07,880 Speaker 1: to put up a Christian flag, or whether there's no 610 00:33:07,920 --> 00:33:10,720 Speaker 1: public forum and it is all government speech. Even when 611 00:33:10,720 --> 00:33:13,640 Speaker 1: the government puts up other people's flags, it's endorsing them. 612 00:33:13,920 --> 00:33:15,320 Speaker 1: And then it gets that they can choose and it 613 00:33:15,360 --> 00:33:18,600 Speaker 1: could say, you know, we don't want to endorse Christian flag, 614 00:33:18,640 --> 00:33:20,560 Speaker 1: we don't want to endorse some other flag and the like. 615 00:33:21,200 --> 00:33:23,400 Speaker 1: So that's the question of the court is facing. Is 616 00:33:23,440 --> 00:33:27,800 Speaker 1: this a limited public forum where viewpoint discrimination is unconstitutional? 617 00:33:28,120 --> 00:33:30,160 Speaker 1: Or is this government speech in which the government can 618 00:33:30,360 --> 00:33:33,120 Speaker 1: can choose which viewpoints And it turns out at least 619 00:33:33,160 --> 00:33:35,160 Speaker 1: from the argument, but I think also from the briefing 620 00:33:35,520 --> 00:33:39,440 Speaker 1: that very much turns on just how in particular the 621 00:33:39,560 --> 00:33:43,280 Speaker 1: city has organized this particular program. I say, because all 622 00:33:43,360 --> 00:33:46,920 Speaker 1: the justices agreed that the city could say, look, we're 623 00:33:46,960 --> 00:33:49,120 Speaker 1: going to be really choosing about which flags we fly. 624 00:33:49,280 --> 00:33:52,200 Speaker 1: You know, both cities are only choose to fly flags 625 00:33:52,200 --> 00:33:54,040 Speaker 1: of the United States of the state in the city. 626 00:33:54,440 --> 00:33:57,080 Speaker 1: So everybody agrees the city could do that. The question 627 00:33:57,120 --> 00:33:59,160 Speaker 1: is whether the city did do that here or whether 628 00:33:59,200 --> 00:34:01,520 Speaker 1: it took such a lot of their attitudes, like we 629 00:34:01,640 --> 00:34:04,440 Speaker 1: put up pretty much everything the cremently that never rejected 630 00:34:04,480 --> 00:34:08,120 Speaker 1: some other flag before that. It shows that between that 631 00:34:08,440 --> 00:34:11,040 Speaker 1: and the way that it framed its policies, it shows 632 00:34:11,080 --> 00:34:14,880 Speaker 1: that it deliberately opened up a limited public form. So 633 00:34:15,200 --> 00:34:17,680 Speaker 1: the way the City of Boston has it set up 634 00:34:17,800 --> 00:34:21,000 Speaker 1: right now, would they have to fly a flag with 635 00:34:21,080 --> 00:34:24,080 Speaker 1: a swastika on it? If the answer is that the 636 00:34:24,200 --> 00:34:28,080 Speaker 1: city set up a limited public form, the answer is definitely. 637 00:34:28,360 --> 00:34:32,040 Speaker 1: In a limited public form, the city can't discriminate based 638 00:34:32,080 --> 00:34:34,799 Speaker 1: on the viewpoint. It can't discriminate against pro Nazi views, 639 00:34:35,040 --> 00:34:38,799 Speaker 1: it can't discriminate against pro Communist views, it can't discriminate 640 00:34:38,880 --> 00:34:41,879 Speaker 1: against pro jo hottest views. So if the city set 641 00:34:41,960 --> 00:34:44,759 Speaker 1: up this limited public forum, then then that kid would 642 00:34:44,800 --> 00:34:47,080 Speaker 1: have to fly the flag. And as you see, l 643 00:34:47,160 --> 00:34:50,480 Speaker 1: A law professor Eugene Viloks begin with the Bloomberg's during Grasso. 644 00:34:50,680 --> 00:34:53,320 Speaker 1: Catch more of that interview plus analysis of the latest 645 00:34:53,440 --> 00:34:56,239 Speaker 1: legal news by listening to The Bloomberg Law Show at 646 00:34:56,320 --> 00:34:59,880 Speaker 1: ten pm Eastern Time. Are subscribing to the Bloomberg Law Podcast, 647 00:35:00,280 --> 00:35:03,320 Speaker 1: and attorneys can find exceptional legal research and business development 648 00:35:03,360 --> 00:35:08,040 Speaker 1: tools at Bloomberg Law dot com. And futures this morning 649 00:35:08,360 --> 00:35:12,520 Speaker 1: are on the rise. Right now, SNP futures are up 650 00:35:12,600 --> 00:35:15,120 Speaker 1: twenty points down. Futures of a hundred twenty four and 651 00:35:15,200 --> 00:35:19,200 Speaker 1: Nasdag futures have one hundred seven and still ahead. On 652 00:35:19,239 --> 00:35:21,759 Speaker 1: Bloomberg Daybreak and check on the business headlines and all 653 00:35:21,840 --> 00:35:24,400 Speaker 1: the news you need to start your day. And this 654 00:35:24,960 --> 00:35:25,640 Speaker 1: is Bloomberg.