WEBVTT - Bloomberg Daybreak: January 20, 2022 - Hour 1 (Radio) 0:00:03.080 --> 0:00:05.600 Mitsliv Oh seven on Wall Street. Rain and forty degrees 0:00:05.600 --> 0:00:08.080 in Central Park, but temperature is gonna fall through today. 0:00:08.080 --> 0:00:10.840 We are under winter weather advisory. It's already slippery on 0:00:10.880 --> 0:00:13.440 the roads. Lots of crashes will get too shortly. First 0:00:13.520 --> 0:00:15.440 Michael Barr with more on what's going on in New 0:00:15.480 --> 0:00:17.840 York and around the world. Good morning, Michael, Good morning Nathan. 0:00:17.920 --> 0:00:20.479 Let's talk about the weather. The Tri state area is 0:00:20.520 --> 0:00:25.080 getting another dose of snowy weather. Bloomberg meteorologist Rob Caroline 0:00:25.160 --> 0:00:27.680 has the latest. Michael. The National Weather Service has a 0:00:27.720 --> 0:00:29.920 winter weather advisory effect for the city in parts of 0:00:29.960 --> 0:00:31.720 New Jersey this morning. A coal front is going to 0:00:31.800 --> 0:00:34.040 cross the area. That's gonna change any rain over to 0:00:34.080 --> 0:00:36.440 some wet snow. Right now, it looks like the accumulations 0:00:36.440 --> 0:00:39.040 will be limited, according to Mabe, as much as two inches, 0:00:39.120 --> 0:00:42.000 especially across some of the higher hilltops in northwestern New Jersey. 0:00:42.280 --> 0:00:45.200 Precipitation should be done by midday. Temperatures will be falling, 0:00:45.400 --> 0:00:47.320 so folks need to be careful because there will be 0:00:47.320 --> 0:00:50.680 some slick spots, especially this afternoon. Michael, Thank you, Rob. 0:00:50.720 --> 0:00:53.800 New York Mayor Eric Adams has enough is enough after 0:00:53.880 --> 0:00:57.520 an eleven month old child is in critical condition stable, 0:00:57.760 --> 0:01:01.240 but she was struck in the face by a stray bullet. 0:01:01.640 --> 0:01:04.120 The child was in a parked car with her mother 0:01:04.240 --> 0:01:07.080 while her father went into a grocery store. Police say 0:01:07.080 --> 0:01:10.919 a man chasing another ran and opened fire. A bullet 0:01:10.959 --> 0:01:14.160 struck the child in the bronx. Adams, who campaigned on 0:01:14.200 --> 0:01:16.600 a pledge to make the city safer, spoke to reporters 0:01:16.600 --> 0:01:19.080 after meeting with the girl's parents at the hospital. It 0:01:19.240 --> 0:01:23.080 was a total disregard for the innocent people who are 0:01:23.160 --> 0:01:28.520 walking into these streets. This is not the city how 0:01:28.640 --> 0:01:31.240 children should grow up in here. Adam says he's going 0:01:31.280 --> 0:01:33.640 to stay in the streets until the city is safe. 0:01:34.040 --> 0:01:37.120 New York City officials want to send drivers and cyclists 0:01:37.120 --> 0:01:41.280 a message lacks enforcement of traffic rules is ending. Mayor 0:01:41.319 --> 0:01:44.080 Adams said the city is launching a multime million dollar 0:01:44.160 --> 0:01:47.640 ad campaign, the highlight pedestrian safety initiatives, and a new 0:01:47.680 --> 0:01:51.240 traffic rule requiring cyclists and drivers to come to a 0:01:51.280 --> 0:01:55.600 complete stop at all intersections. New Jersey Governor Phil Murphy 0:01:55.640 --> 0:01:59.360 says he will require healthcare workers and employees and nursing 0:01:59.400 --> 0:02:02.680 homes and prisons to get fully vaccinated and boosted against 0:02:02.840 --> 0:02:05.840 COVID nineteen, dropping an option to either get the shot 0:02:05.920 --> 0:02:09.240 or be tested. This is an unfathomable number. Roughly five 0:02:10.240 --> 0:02:14.760 thousand New Jersey ands have tested positive for COVID, and 0:02:14.919 --> 0:02:19.040 overwhelmingly with the omicron variant. Governor Murphy says that healthcare 0:02:19.040 --> 0:02:22.360 workers who are unvaccinated will have until next Thursday to 0:02:22.400 --> 0:02:25.440 get their first shot. Global News twenty four hours a 0:02:25.520 --> 0:02:28.200 day on air and on Bloomberg Quickday, powered by more 0:02:28.240 --> 0:02:31.320 than twenty journalist and analysts in more than a hundred 0:02:31.360 --> 0:02:34.480 twenty countries. I'm Michael bar This is Bloomberg. Thanks Michael, 0:02:39.000 --> 0:02:40.959 five O nine on Wall Street. Time for the Bloomberg 0:02:41.000 --> 0:02:43.480 Sports Update. Good morning, John Stan, John all right, Good morning, Nathan. 0:02:43.560 --> 0:02:45.440 Rangers were on a long road trip one three or 0:02:45.480 --> 0:02:47.800 five back at the Garden first time in over two weeks. 0:02:47.919 --> 0:02:53.080 Another win for the Blue Shirts. Chad wins the face 0:02:53.160 --> 0:03:01.440 off back at the Point Troup, but with a shot, 0:03:02.120 --> 0:03:04.520 and they beat Toronto six to three. That the UNPN 0:03:04.600 --> 0:03:06.799 had the call. It's their twenty sixth win of the season, 0:03:06.800 --> 0:03:09.320 only ten losses. Devils lost their third row beat at 0:03:09.320 --> 0:03:12.040 home by Arizona four to one. Nets in Washington, a 0:03:12.200 --> 0:03:14.680 road game. That means the Kyrie Irving game. Good thing 0:03:14.800 --> 0:03:17.640 for Brooklyn. He scored thirty points nets hung on top 0:03:17.680 --> 0:03:21.799 the Wizards one eighteen the Marcus Aldridge at seven, Nick 0:03:21.919 --> 0:03:23.840 Arrow and two on This home stands to night they 0:03:23.880 --> 0:03:26.320 take on New Orleans and Philadelphia. Last night the Sixers 0:03:26.400 --> 0:03:29.680 Joel Embiid played only twenty seven minutes due an injury, 0:03:29.720 --> 0:03:33.560 still scored fifty points in a win over Orlando. Another center, 0:03:33.680 --> 0:03:36.560 Nicola Yokis. He had forty nine and a triple double 0:03:36.600 --> 0:03:39.360 in Denver's two point win over the l A Clippers. 0:03:39.360 --> 0:03:41.680 The l A Lakers Keith losing. They fell at home 0:03:41.680 --> 0:03:44.560 to Indiana lebron and the Lakers have lost four or five. 0:03:44.600 --> 0:03:47.040 They are under five hundred. They say they have no 0:03:47.160 --> 0:03:50.160 plans to fire their coach, Frank Vogel. St John's went 0:03:50.160 --> 0:03:53.080 out to Omaha, got blown out by Creighton eighties seven 0:03:53.200 --> 0:03:56.000 sixty four. In Villanova was upset at home by Marquette. 0:03:56.040 --> 0:04:00.720 Rutgers top to Iowa to forty six. Australian Open. Daniel 0:04:00.760 --> 0:04:03.280 Medvedev the two seed the Tops. The course was no 0:04:03.400 --> 0:04:06.040 back Tokovitch. He's doubt and may be had played now 0:04:06.080 --> 0:04:09.160 against fiance Nick Krios Medvedev won the first setting the tidebreaker, 0:04:09.160 --> 0:04:11.960 Who's up five four in the second. The Giants don't 0:04:11.960 --> 0:04:14.320 have a general manager yet. They have received permission to 0:04:14.320 --> 0:04:17.680 interview a coaching candidate, Dan Quinn, former Atlanta coach now 0:04:17.720 --> 0:04:20.880 an assistant in Dallas. Johns they actually were Bloomberg Sports Nathan, 0:04:21.040 --> 0:04:23.520 Thank you John, with the nastac now in correction. Territory 0:04:23.560 --> 0:04:26.680 futures are moving a touch higher this morning. SMP futures 0:04:26.720 --> 0:04:29.039 are up seventeen points, Staff futures up a hundred nine. 0:04:29.400 --> 0:04:32.039 NaSTA futures are higher by ninety four points. The tenure 0:04:32.080 --> 0:04:34.800 treasury is up eight thirty seconds, the yield one point 0:04:34.839 --> 0:04:38.520 eight three percent. President Biden defends his first year record 0:04:38.560 --> 0:04:41.120 analysis of his end of the year news conference, next 0:04:41.120 --> 0:04:44.760 with Greg Valier of a GF Investments. This is Bloomberg 0:04:47.279 --> 0:04:50.400 Bloomberg eleven three oh weather winter weather advisory till this afternoon. 0:04:50.440 --> 0:04:52.560 Temperatures falling through the day as we deal with a 0:04:52.640 --> 0:04:56.240 wintry mess and accumulation of an inch or so. Partly 0:04:56.279 --> 0:05:03.800 sunny cold tomorrow only low twenties. Markets headlines and breaking 0:05:03.839 --> 0:05:06.720 news twenty four hours a day at Bloomberg dot com. 0:05:06.839 --> 0:05:09.840 Of Bloomberg Business out hand at Bloomberg Quick Take. This 0:05:10.320 --> 0:05:19.880 is a Bloomberg business flash and I'm Karen Moscow. Europeans 0:05:19.960 --> 0:05:24.120 stocks reversing initial gains as the global sovereign bonds sell off, 0:05:24.200 --> 0:05:27.240 pauses and investors turn their focus to corporate earnings. US 0:05:27.320 --> 0:05:30.320 DOT index futures. Meanwhile, they're moving higher. And we checked 0:05:30.320 --> 0:05:32.640 the markets every fifteen minutes throughout the trading day on 0:05:32.720 --> 0:05:36.400 Bloomberg SMP futures of seventeen points down. Futures have a 0:05:36.480 --> 0:05:39.640 hundred fod NASDAG features of ninety five. The decks in 0:05:39.640 --> 0:05:41.880 Germany's down to tenths of upper cent. The ten year 0:05:41.920 --> 0:05:44.080 treasury of nine thirty seconds, he had one point eight 0:05:44.080 --> 0:05:47.279 three percent yield on the two year one point oh 0:05:47.279 --> 0:05:50.320 three per cent. Nimex scrude oils done about two tenths 0:05:50.360 --> 0:05:52.560 per cent or thirteen cents at eighty six dollars eighty 0:05:52.560 --> 0:05:55.080 three cents of barrel comex school down two tenths per 0:05:55.080 --> 0:05:57.400 cent or four dollars ten cents at eighteen forty one 0:05:57.440 --> 0:06:00.360 forty announced the euro one point one three or nine 0:06:00.360 --> 0:06:02.600 against the dollar. British found one point three six too 0:06:02.640 --> 0:06:05.680 white and against at one fourteen point three to bitcoin 0:06:05.760 --> 0:06:09.160 this morning at forty one d thirty dollars. Today we 0:06:09.200 --> 0:06:11.640 are watching for the weekly report on initial jobless claims 0:06:11.640 --> 0:06:14.039 at eight thirty. Wall Street time. Existing home sales are 0:06:14.080 --> 0:06:16.760 at it ten. That's a Bloomberg business flash. Now here's 0:06:16.760 --> 0:06:19.560 Michael Barr with more on what's going on around the world. Michael, 0:06:19.560 --> 0:06:22.880 Good morning, Good morning Karen. President Joe Biden says he 0:06:22.920 --> 0:06:26.719 thinks Russia will invade Ukraine during his news conference yesterday 0:06:26.720 --> 0:06:29.960 byt and also warned President Vladimir Putin that his country 0:06:29.960 --> 0:06:33.479 would pay a dear price in lives lost and a 0:06:33.520 --> 0:06:36.720 possible cut off from the global banking system if it does. 0:06:37.120 --> 0:06:40.479 As for NATO, the likelihood that Ukraine is going to 0:06:40.560 --> 0:06:43.640 join DATA in the near term is not very like. 0:06:44.080 --> 0:06:47.560 President Biden also said a minor incursion by Russia would 0:06:47.560 --> 0:06:50.440 elicit a lesser response. He later sought to clarify that 0:06:50.920 --> 0:06:53.880 he was referring to a non military action such as 0:06:54.000 --> 0:06:58.200 a cyber attack. Voting legislation collapsed in the Senate after 0:06:58.279 --> 0:07:01.520 a raw, emotional debate. Democrats were unable to change Senate 0:07:01.600 --> 0:07:05.280 rules to push past a Republican filibuster. In the NBA, 0:07:05.400 --> 0:07:08.719 the Nets beat the Wizards one eighteen, The Celtics lost 0:07:09.000 --> 0:07:11.920 in the NHL, the Rangers won the Devil's Lost. Global 0:07:11.960 --> 0:07:14.480 News twenty four hours a day on air and on 0:07:14.520 --> 0:07:18.160 Bloomberg Quicktake, powered by more than twenty seven under journalists 0:07:18.160 --> 0:07:21.360 and analysts more than twenty countries. I'm Michael Barr. This 0:07:21.600 --> 0:07:24.640 is Bloomberg, Nathan. Alright, Michael. Thanks, It's five nineteen on 0:07:24.640 --> 0:07:27.800 Wall Street Live from the Bloomberg Interactive Brokers Studios. This 0:07:27.880 --> 0:07:30.320 is Bloomberg Day Breaking for more on all that's happening 0:07:30.320 --> 0:07:32.960 in the nation's capital. We're joined by Greg Valier, chief 0:07:33.040 --> 0:07:36.520 US policy strategist at a GF Investments. Greg. Good morning. 0:07:36.520 --> 0:07:38.160 I think it's safe to say a lot of attention 0:07:38.240 --> 0:07:41.000 is still on President Biden's comments when it comes to 0:07:41.320 --> 0:07:44.960 Russia at that long news conference yesterday. What stood out 0:07:45.000 --> 0:07:47.920 for you from what the President had to say, Well, 0:07:47.920 --> 0:07:52.880 good morning, Nathan. Obviously, the Russia Ukraine contents were astonishing. 0:07:53.520 --> 0:07:56.480 It was a decent two hours. In many other respects. 0:07:56.520 --> 0:08:00.000 We got some new thinking from Biden on his legislatest strategy, 0:08:00.040 --> 0:08:03.560 g on the election, but all of that stuff will 0:08:03.560 --> 0:08:07.280 be forgotten. What people will remember is what he said 0:08:07.320 --> 0:08:11.320 about Putin and when it comes to Russia, the walk 0:08:11.400 --> 0:08:14.280 back that we heard from Michael Barr in the News, 0:08:14.400 --> 0:08:19.000 they're sort of clarifying whether the response would be to 0:08:19.120 --> 0:08:23.280 a military incursion as opposed to something in the cyber 0:08:23.320 --> 0:08:29.000 realm or something lesser. What's the difficulty for diplomacy now 0:08:29.320 --> 0:08:32.920 after the President's comments? I think it complicates things. And 0:08:33.040 --> 0:08:35.960 you know, if you're a president and your own people 0:08:36.040 --> 0:08:39.439 have to issue a clarification a couple of hours after 0:08:39.480 --> 0:08:42.679 you make a statement, that's never a good thing. And 0:08:42.760 --> 0:08:46.160 I think that today Lincoln and others are going to 0:08:46.240 --> 0:08:50.960 have to clarify to our allies what Biden actually meant. 0:08:51.520 --> 0:08:55.520 But I think Biden revealed what he's thinking, that if 0:08:55.520 --> 0:08:58.160 it's just a minor incursion, will be just a minor 0:08:58.240 --> 0:09:02.440 response in his own line. That that I think had 0:09:02.640 --> 0:09:06.840 Biden's advisors aghast and they had to clarify it. How 0:09:06.840 --> 0:09:11.360 will Russian President Vladimir Putin respond? In your estimation, I 0:09:11.400 --> 0:09:14.040 think Putin must think he died and went to heaven. 0:09:14.280 --> 0:09:17.960 So now we've got three successive presidents who have not 0:09:18.120 --> 0:09:22.400 been tough enough. Barack Obama had meek sanctions after Putin 0:09:22.440 --> 0:09:26.120 went into crimea uh. Donald Trump, of course was a 0:09:26.200 --> 0:09:29.600 lapdog for Putin, and now you have Joe Biden saying 0:09:29.600 --> 0:09:33.120 we might just have a modest response. So all three 0:09:33.160 --> 0:09:36.280 of the last of three presidents I think have not 0:09:36.400 --> 0:09:39.640 handled Putin very well. How is it gonna stir NATO? 0:09:41.280 --> 0:09:43.560 I think NATO has got to be aghast as well. 0:09:43.760 --> 0:09:46.880 NATO has to worry that Putin will continue to be 0:09:46.960 --> 0:09:49.960 a threat. And what's next if Putin goes in and 0:09:49.960 --> 0:09:52.920 take some of eastern Ukraine? Is there a new threat 0:09:53.000 --> 0:09:56.960 to you know, Lithuania, Latvia, Estonia? Is there a new 0:09:57.200 --> 0:10:00.400 threat in other parts of Central Europe? I think this 0:10:00.520 --> 0:10:03.360 has to make our allies in that part of the 0:10:03.360 --> 0:10:07.439 world very concerned. Let's move on to the domestic agenda, 0:10:07.480 --> 0:10:09.719 because you mentioned that we got a little bit more 0:10:09.840 --> 0:10:12.880 a glimpse into the president's thinking when it comes to 0:10:13.280 --> 0:10:17.280 strategizing the domestic agenda going forward. It was very interesting 0:10:17.640 --> 0:10:20.720 to hear the President say that he feels like he's 0:10:20.720 --> 0:10:24.560 on the right track despite pulling that shows otherwise to 0:10:24.679 --> 0:10:26.960 a to a great extent. So where do things go 0:10:27.120 --> 0:10:29.480 from here now? Well, on this which would have been 0:10:29.480 --> 0:10:32.040 the big story had it not been for Ukraine, I 0:10:32.080 --> 0:10:35.320 do think that there's some chance that Biden can get 0:10:36.080 --> 0:10:39.720 parts of his Build Back Better bill enacted. Joe Manchin 0:10:39.800 --> 0:10:43.679 would be happy to get pre K stuff expanded Obamacare, 0:10:44.120 --> 0:10:48.079 even some environmental spending, and even Kristen Cinema I think 0:10:48.120 --> 0:10:52.400 could come along. So on this front and getting more done, 0:10:53.440 --> 0:10:56.400 I think there's a decent chance that Biden can prevail. Well, 0:10:56.400 --> 0:10:59.000 it's interesting as well to hear the President say that 0:10:59.120 --> 0:11:02.200 the Build Back Better plan as structured before would do 0:11:02.320 --> 0:11:06.040 more for inflation, at the same time saying that it's 0:11:06.120 --> 0:11:08.959 up to the Federal Reserve to get prices under control, 0:11:09.000 --> 0:11:11.960 and seeming to support the more hawkish turn it's taken. 0:11:12.280 --> 0:11:15.400 Is the President doing enough to address the concerns that 0:11:15.480 --> 0:11:19.480 many Americans have about rising price pressures. I don't think 0:11:19.480 --> 0:11:22.240 you can do much. I think it will persist with 0:11:22.400 --> 0:11:25.640 the supply chain story. I think will stay bad for 0:11:25.679 --> 0:11:28.679 another six or seven months. So we have to show 0:11:28.679 --> 0:11:31.880 some empathy, and he did. But the idea to build 0:11:31.880 --> 0:11:35.560 back Better programs would help inflation. When you've got an 0:11:35.559 --> 0:11:38.400 economy this hot, I'm not sure you need to spend 0:11:38.400 --> 0:11:41.679 a lot more money. So in our last thirty seconds here, Greg, 0:11:41.720 --> 0:11:43.880 there was a lot of thinking that the President needed 0:11:43.920 --> 0:11:46.640 to recalibrate heading into a second year. Did this news 0:11:46.640 --> 0:11:50.720 conference do it in parts? Yes, if you listen carefully 0:11:50.760 --> 0:11:54.600 to the entire two hours of his presentation, But that 0:11:54.640 --> 0:11:57.720 will all be forgotten. What people will remember is what 0:11:57.760 --> 0:12:00.760 he said about Ukraine. All right, Greg Value, a chief 0:12:00.840 --> 0:12:04.600 US policy strategist at a GF Investments. Good to have 0:12:04.720 --> 0:12:07.760 your thoughts this morning after that long news conference that 0:12:07.800 --> 0:12:10.720 we are going to be talking about for some time. 0:12:10.920 --> 0:12:14.240 Looking ahead to the market, open futures are moving higher 0:12:14.400 --> 0:12:18.080 with the NASTAC incorrection territory Right now, SMP futures are 0:12:18.120 --> 0:12:20.480 up twenty one points down futures up a hundred thirty 0:12:20.760 --> 0:12:23.640 NASTAC futures are higher by a hundred thirteen points. The 0:12:23.720 --> 0:12:26.240 tenure treasury is up ten thirty seconds, the yield at 0:12:26.280 --> 0:12:29.199 one point eight two per cent, and NIME ex s 0:12:29.240 --> 0:12:31.760 crude oil is down two tenths percent at eighty six 0:12:31.800 --> 0:12:35.400 dollars seventy nine cents of barrel. Just ahead, is this 0:12:35.559 --> 0:12:39.200 market relief? And how's the five G rollout affecting airlines. 0:12:39.280 --> 0:12:40.880 We'll have all that and more as we check your 0:12:40.920 --> 0:12:48.319 top stories of the morning. This is Bloomberg Bloomberg eleven 0:12:48.360 --> 0:12:50.480 three oh weather win your weather advisory. Rain for now, 0:12:50.480 --> 0:12:52.559 but it's gonna change into a wintry mess. Highs in 0:12:52.600 --> 0:12:55.400 the low forties early by tomorrow will only be in 0:12:55.400 --> 0:12:59.040 the low twenties upper twenties for Saturday. Currently rain and 0:12:59.200 --> 0:13:06.000 forty degrees. Broadcasting wide from the Bloomberg Interactive Broker Studio 0:13:06.120 --> 0:13:09.280 in New York, Bloomberg E Living Freedom to Washington, d C, 0:13:09.480 --> 0:13:13.319 Bloomberg nine to Boston, Bloomberg one O six one to 0:13:13.440 --> 0:13:17.160 San Francisco, Bloomberg N sixteen to the Country Sirius XM 0:13:17.240 --> 0:13:20.480 Chadle one nineteen, and around the globe the Bloomberg Business 0:13:20.480 --> 0:13:24.560 app and Bloomberg Radio dot Com. This is Bloomberg Daybreak, 0:13:30.320 --> 0:13:32.240 and it's five thirty on Wall Street. Good morning. I'm 0:13:32.320 --> 0:13:35.360 Nathan Hager and I'm Karen Moscow, and we're just about 0:13:35.400 --> 0:13:38.040 four hours away from the open of US trading. Let's 0:13:38.040 --> 0:13:39.360 get you up to date on the news you need 0:13:39.400 --> 0:13:41.760 to know at this hour of US futures are higher 0:13:41.800 --> 0:13:45.240 and bond yields are lower following yesterday's sell off. We 0:13:45.320 --> 0:13:48.560 get more on the market action live with Bloomberg's John Tucker. 0:13:48.720 --> 0:13:52.400 John Good Morning, Karen Appy yesterday's one percent slide for 0:13:52.440 --> 0:13:54.480 the nast Act. The index is now down over ten 0:13:54.559 --> 0:13:57.920 percent from its November high. There may be some relief though. 0:13:58.040 --> 0:14:02.040 Bonds are stabilizing today, and earning season has delivered positive 0:14:02.040 --> 0:14:05.480 results from companies like Morgan Stanley, United Health, and Procter 0:14:05.600 --> 0:14:09.880 and Gamble. Still, strategist at HSBC are cutting the recommendation 0:14:09.920 --> 0:14:13.120 on US stocks from overweight to neutral. Live in New York. 0:14:13.120 --> 0:14:16.760 I'm John Tucker Boomberg Daybreak. Okay, John, thank you. Politics 0:14:16.840 --> 0:14:19.800 is also a major focus this morning. President Biden's pushed 0:14:19.800 --> 0:14:23.720 for voting rights legislation has collapsed. Senators Joe Mansion and 0:14:23.840 --> 0:14:26.840 Kirsten Cinema broke with Democrats to kill the bill. Still, 0:14:27.000 --> 0:14:30.280 Vice President Kamala Harris is not giving up. The President 0:14:30.280 --> 0:14:31.960 and I are not going to give up on this issue. 0:14:32.480 --> 0:14:35.560 This is fundamental chary democracy and it is non negotiable. 0:14:35.760 --> 0:14:38.040 Vice President Harris says they'll look to pass a smaller 0:14:38.160 --> 0:14:41.880 voting plan instead. Meantime, Nathan President Biden held a wide 0:14:41.960 --> 0:14:44.400 ranging news conference to end his first year in office. 0:14:44.440 --> 0:14:48.160 The President said he's outperformed expectations, but at misfrustration from 0:14:48.200 --> 0:14:51.720 a rising prices and the pandemic. He also says tensions 0:14:51.720 --> 0:14:54.760 with Russian President Vadimir Putin could come to a head 0:14:54.800 --> 0:15:00.240 over Ukraine. I'm certain what he's going to do. I 0:15:00.280 --> 0:15:03.680 guess is he will move in. He has to do something. 0:15:03.960 --> 0:15:07.400 President Biden says Russia will be held accountable if it 0:15:07.480 --> 0:15:11.320 invades Ukraine. Outside politics, Karen, We're focused on the controversy 0:15:11.320 --> 0:15:13.640 will roll out of five G. So far, the country's 0:15:13.640 --> 0:15:17.160 avoided major airline disruptions tied to the service. Bloomberg Jornita 0:15:17.200 --> 0:15:19.160 Young joins US Live with the latest. Good morning, Rinia, 0:15:19.200 --> 0:15:21.520 Good morning Nathan. The f a A is clearing about 0:15:21.560 --> 0:15:24.800 sixty two percent of the US aviation fleet to operate 0:15:24.800 --> 0:15:28.360 at airports without fear of five G interference, and the 0:15:28.400 --> 0:15:31.720 new safety measures also increased the number of airports where 0:15:31.720 --> 0:15:36.160 flights can safely operate. While the US avoided major disruptions 0:15:36.160 --> 0:15:38.680 on the first official day of five to service, the 0:15:38.800 --> 0:15:42.680 f a A warns that disruptions are still possible. Live 0:15:42.720 --> 0:15:45.440 in New York, I'm Nita Young, Bloomberg Day Break, All right, 0:15:45.440 --> 0:15:48.000 rened to thank you and back to the markets. This morning, 0:15:48.000 --> 0:15:50.920 the focus remains on earnings. We get results from Netflix 0:15:51.000 --> 0:15:53.320 after the closing Bell and the company projects a gain 0:15:53.400 --> 0:15:56.760 of eight and a half million subscribers. Bill Bloomberg Intelligence 0:15:56.800 --> 0:16:00.360 expects a lower figure. Futures this morning are high R 0:16:00.400 --> 0:16:02.640 S and P futures up about eighteen points and Dow 0:16:02.760 --> 0:16:06.040 futures up ninety eight and NASTAG futures a one make. 0:16:06.240 --> 0:16:08.520 NASTAG futures are up a hundred and Dow futures up 0:16:08.520 --> 0:16:11.000 one hundred twelve. Straight to head your latest local headlines 0:16:11.040 --> 0:16:18.600 plus a check of sports, and this is Bloomberg. Thanks caring. 0:16:18.640 --> 0:16:21.000 It's thirty three in Wall Street, rain and forty degrees 0:16:21.040 --> 0:16:22.840 in Central Park. It is slippery, and we got an 0:16:22.880 --> 0:16:25.440 accident on the northbound West Side Highway to hundred fifty eight. 0:16:25.560 --> 0:16:28.280 Details on that and more coming up in traffic. First 0:16:28.320 --> 0:16:30.080 Michael Barr with what else is going on in New 0:16:30.160 --> 0:16:32.560 York and around the world. Michael, thank you very much, Nathan. 0:16:32.600 --> 0:16:35.760 New York Mayor Eric Adams says enough is enough after 0:16:35.800 --> 0:16:38.480 an eleven month old girl was struck by a stray 0:16:38.560 --> 0:16:41.120 bullet last night in the Bronx. The child, who was 0:16:41.160 --> 0:16:43.720 in critical condition, was with her mother in a parked 0:16:43.800 --> 0:16:46.880 vehicle while her father was in a nearby grocery store. 0:16:47.240 --> 0:16:51.480 Police say an undunified man apparently opened fire while chasing 0:16:51.480 --> 0:16:54.280 another man in the street. Adams, who campaigned on a 0:16:54.320 --> 0:16:56.960 pledge to make the city safer, said he met with 0:16:56.960 --> 0:16:59.880 the girl's parents at the hospital. Doesn't matter to me 0:17:00.560 --> 0:17:03.760 if it's a police officers shot or if it's a 0:17:03.920 --> 0:17:08.000 baby shot. I'm going to stay in these streets until 0:17:08.119 --> 0:17:11.080 this city is safe, Mayor Adams, as the shooter is 0:17:11.119 --> 0:17:14.280 on the loose. New Jersey Governor Phil Murphy is requiring 0:17:14.320 --> 0:17:17.960 all workers in healthcare settings and high risk congregate living 0:17:17.960 --> 0:17:22.600 facilities to be fully COVID nineteen vaccinated and boosted. Murphy 0:17:22.680 --> 0:17:25.720 also says he is eliminating a test out option and 0:17:25.920 --> 0:17:30.359 Omicron tsunami has washed across our state. While it appears 0:17:30.359 --> 0:17:35.080 at Omicron the that the Omicrons tsunami is finally pulling back, 0:17:35.720 --> 0:17:38.119 we are in no position to say we're on dry ground. 0:17:38.320 --> 0:17:41.600 Governor Murphy says. Those in the healthcare community who aren't 0:17:41.640 --> 0:17:46.040 vaccinated have until January to get their first vaccine does 0:17:46.280 --> 0:17:50.560 and the second shot by February. Workers in nursing homes 0:17:50.600 --> 0:17:54.240 and other congregate living facilities, including prisons, we'll have until 0:17:54.320 --> 0:17:57.240 March thirty to get their second shot. The U. S. 0:17:57.240 --> 0:18:00.240 Supreme Court denied a request from former President up to 0:18:00.280 --> 0:18:03.920 shield as presidential papers from the congressional committee investigating the 0:18:04.000 --> 0:18:07.560 January sixth attack. There was one vote in discent. Justice 0:18:07.600 --> 0:18:11.080 Clarence Thomas Delaye. Maxwell formerly asked for a new trial 0:18:11.119 --> 0:18:13.840 after her lawyers raised concerns that at least one of 0:18:13.880 --> 0:18:17.399 the jurors who convicted her of sex trafficking didn't disclose 0:18:17.720 --> 0:18:21.520 during pre trial screenings he was sexually abused as a child. 0:18:21.840 --> 0:18:25.159 The British socialite was found guilty last month of helping 0:18:25.160 --> 0:18:29.359 to sexually abuse underage girls. With Jeffrey Epstein, Global News 0:18:29.359 --> 0:18:32.520 twenty four hours a day on air and on Bloomberg Quicktake, 0:18:32.720 --> 0:18:35.800 powered by more than twenty seven hundred journalist analysts and 0:18:35.880 --> 0:18:38.359 more than a hundred twenty countries. I'm Michael bar This 0:18:38.400 --> 0:18:46.440 is Bloomberg, Nathan Michael. Thank you on Wall Street time 0:18:46.480 --> 0:18:49.040 for the Bloomberg Sports Update with John Stetshew. Thanks. Faith 0:18:49.119 --> 0:18:52.399 In the criticism of Kyrie Irving continues. The latest away 0:18:52.440 --> 0:18:54.879 in Hall of Famer Dave Bing, who said Irving is 0:18:54.960 --> 0:18:57.600 letting his teammates down. One of those teammates, James Harden, 0:18:57.920 --> 0:19:00.800 recently joked that he's going to in jet Kyrie with 0:19:00.840 --> 0:19:04.320 the vaccine himself, but there are no indications Kyrie will 0:19:04.400 --> 0:19:06.720 change his stands, which means will continue to play only 0:19:06.800 --> 0:19:09.119 on the road. The Nets are playing a lot of 0:19:09.200 --> 0:19:11.280 road games right now. Last night they were in Washington. 0:19:11.359 --> 0:19:15.040 They topped the Wizards one nineteen one eighteen. Irving scored 0:19:15.119 --> 0:19:18.560 thirty chipping in in the first half. You know it's 0:19:18.560 --> 0:19:21.399 going being aggressive and then um, you know, kind of 0:19:21.400 --> 0:19:23.440 pasting myself in the second half, just trying to put 0:19:23.480 --> 0:19:26.679 too two solid halves together at this point. Um, And 0:19:26.720 --> 0:19:28.480 I think once I do that, I'll feel a lot 0:19:28.480 --> 0:19:30.080 more complete. But in terms of where we are as 0:19:30.080 --> 0:19:33.520 a teams. Could Stutty win despite Irving playing only part 0:19:33.560 --> 0:19:35.800 time and now the Kepa Durant injury, that's only a 0:19:35.800 --> 0:19:38.320 half game out for first in the East, Nick Sun 0:19:38.400 --> 0:19:40.520 tonight for New Orleans. Last night at the Garden, other 0:19:40.640 --> 0:19:43.000 Rangers win. They were down three one. They beat Toronto 0:19:43.160 --> 0:19:45.439 six three, two goals for Adam Pops and two for 0:19:45.560 --> 0:19:48.760 Ryan Reeves his first two of the season. Devils lost 0:19:48.760 --> 0:19:51.240 at home to Arizona four to one. St. John's beating 0:19:51.320 --> 0:19:54.960 soundly by Crate in eighties seven sixty four at Rutgers, 0:19:55.040 --> 0:19:58.000 Ron Harper two free throws with two seconds left. Rutgers 0:19:58.040 --> 0:20:02.119 won a low scoring in affair with Iowa. Andy Murray, 0:20:02.119 --> 0:20:04.200 trying to make a comeback at age thirty four, Riddled 0:20:04.240 --> 0:20:06.160 with injuries the last few years, he lost his second 0:20:06.200 --> 0:20:08.879 round match at the Australian Open, where right now Daniel 0:20:08.920 --> 0:20:12.080 Medvedev is up two sets on the Austine Nick Terios 0:20:12.080 --> 0:20:15.760 Battle of Americans Taylor Fritz Pete Francis TFO. Fritz then 0:20:15.840 --> 0:20:19.200 heard his leg when celebrating the victory, says he'll be 0:20:19.240 --> 0:20:22.639 fine for his next match. John Stash, Edward Bloomberg, Sports Lincoln, 0:20:22.840 --> 0:20:25.320 Thank you John. It's thirty seven on Wall Street time 0:20:25.320 --> 0:20:28.320 for the Tri State Business Report. Here's Bloomberg's cory. A 0:20:28.359 --> 0:20:31.240 lot of people quit their jobs last year. A report 0:20:31.280 --> 0:20:34.480 by Chamber of Commerce dot org shows resignations were at 0:20:34.520 --> 0:20:37.400 the lowest rate in New York, at one point eight percent. 0:20:37.880 --> 0:20:40.919 The website reports about one point six million New Yorkers 0:20:40.960 --> 0:20:43.680 quit their jobs last year. About four and a half 0:20:43.720 --> 0:20:48.040 million Americans quit their jobs in November of one. Plug 0:20:48.160 --> 0:20:51.679 Power is working with New York officials on possibly creating 0:20:51.680 --> 0:20:54.880 a federally backed hydrogen hub as states by for eight 0:20:54.920 --> 0:20:58.200 billion dollars in US funding for the cleaning fuel projects. 0:20:58.400 --> 0:21:02.120 The federal Infrastructure package signed into law last year set 0:21:02.119 --> 0:21:05.840 aside money for at least four hydrogen hubs nationwide. New 0:21:05.880 --> 0:21:09.000 York City's transit system is looking to delay fair increases 0:21:09.000 --> 0:21:12.440 for the second consecutive year thanks to better than expected 0:21:12.480 --> 0:21:16.040 state revenue collections. The moves intended to bring riders back 0:21:16.040 --> 0:21:19.280 to its network of subways, buses, and commuter rail lines. 0:21:19.960 --> 0:21:23.399 Than your Bloomberg Try State Business Report, I'm in Corey, 0:21:23.520 --> 0:21:25.200 all right, and thank you. It's five thirty eight on 0:21:25.240 --> 0:21:27.280 Wall Street. Bloomberg Radio is on the air from San 0:21:27.280 --> 0:21:30.080 Francisco to New York, London to Hong Kong. Let's check 0:21:30.119 --> 0:21:31.760 in with our global news team for some of the 0:21:31.800 --> 0:21:34.680 top stories heard on our three hundred affiliate radio stations 0:21:34.720 --> 0:21:40.720 around the world. I'm Steve Potaskan on Chenchen Wins in 0:21:40.760 --> 0:21:43.399 New York. We're talking about the pandemics still doing a 0:21:43.520 --> 0:21:46.879 number on the housing market in parts of the metro area. 0:21:47.440 --> 0:21:50.879 Um for Nitanaho on w h S and Louisville. Toyota's 0:21:50.920 --> 0:21:54.920 COVID destructions deepen with more plants had the virus. I'm 0:21:55.000 --> 0:21:57.640 calihead called BlueBag d a b Dishal radio in London 0:21:57.680 --> 0:22:00.840 Bobus City for asking London Off to come back to 0:22:00.920 --> 0:22:03.440 the office three days a week as the government tops 0:22:03.600 --> 0:22:07.560 what from guided I did? Cory on w o AI 0:22:07.720 --> 0:22:12.320