Speaker 1: Live from the Bloomberg Interactive Brokers studios. This is Bloomberg
Speaker 1: day Break for Monday, March two. Coming up this hour,
Speaker 1: a Boeing jet with more than one hundred thirty people
Speaker 1: on board reportedly crashes in China. Ukraine rejects Russia's latest demands.
Speaker 1: As the war years the end of its first month,
Speaker 1: President Biden hosts a call with European leaders to discuss
Speaker 1: the war, and oil surges for a third day with
Speaker 1: no end to the war in sight. Confirmation hearings begin
Speaker 1: today for President Biden. Supreme Court nominee plus Justice Clarence
Speaker 1: Thomas's hospitalized. I'm Michael barn More Ahead, I'm John Stash
Speaker 1: Aaron Sports. The n C Double A tournament field trimmed
Speaker 1: to sixteen, a win for the Rangers, losses for the
Speaker 1: Islanders and Nicks. That's all straight Ahead on Bloomberg day
Speaker 1: Break on Bloomberg Gilman Treo, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one O six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius XM one nineteen and around the world.
Speaker 1: Old on Bloomberg Radio dot Com and via the Bloomberg
Speaker 1: Business at and good morning. I'm John Tucker, I'm Nathan Hagar.
Speaker 1: Futures are moving a touch lower to start the week.
Speaker 1: We're coming up to five oh one on Wall Street.
Speaker 1: We checked the markets every fifteen minutes during the training,
Speaker 1: Dawn Bloomberg. Right now, SMP features are down six and
Speaker 1: a half point STAF futures down ninety one. Nest A
Speaker 1: features are lower by sixty. The tenure treasury is down
Speaker 1: nine thirty seconds. Yield two point one eight percent, yield
Speaker 1: on the two year one point nine seven percent. Nim
Speaker 1: X screwed up four and a half percent or four all.
Speaker 1: There's seventy one cents at a hundred nine dollars forty
Speaker 1: one cents a barrel. COMEXS goal down a tenth percent
Speaker 1: or two dollars forty cents at nine fifty announced John
Speaker 1: and Nathan. We're gonna have more of the markets in
Speaker 1: a minute. But first we have breaking news out of Asia,
Speaker 1: the reports of a commercial plane crash in China, and
Speaker 1: Bloomberg's Michael Barr is joining us slide with the very latest. Michael,
Speaker 1: good morning, Good morning, John. Chinese media reports of Boeing
Speaker 1: seven thirty seven n G carrying one to thirty three
Speaker 1: passengers has crashed in southwestern China. Radar tracking from flight
Speaker 1: Radar twenty four shows that China Eastern Airlines flight took
Speaker 1: a steep descent and as it was heading toward the
Speaker 1: province of gong Zoo. The New York Times says local
Speaker 1: officials saw flames and smoke rising from a hillside in
Speaker 1: the area. Chinese State TVs as a rescue team has
Speaker 1: assembled and is approaching the site. So far, China Eastern
Speaker 1: and Boeing have not been available for a common in
Speaker 1: New York. Michael Barn Bloomberg Daybreak. Thanks Michael shares a
Speaker 1: bowling down six percent in early trading following that reported
Speaker 1: crash of Churse. We're gonna bring you the latest details
Speaker 1: all morning right here on Bloomberg Radio. Of course you
Speaker 1: will John. In the meantime, we continue to shift our
Speaker 1: focus to the war in Ukraine as intense attacks continue.
Speaker 1: Ukraine is rejecting Russia's demand to surrender Maria Paul Bloomberg said,
Speaker 1: Baxter has the details. The Kremlin has said that if
Speaker 1: that was done, it would open humanitarian lanes. Ukraine said no,
Speaker 1: and Defense Secretary Lloyd Austin says the Russians may not
Speaker 1: be able to take Marapo. You haven't taken it yet.
Speaker 1: And we've seen in the past that the Ukrainians have counterattacked,
Speaker 1: that they've they've used their initiative to to move things
Speaker 1: around on the battlefield uh And and they presented some
Speaker 1: significant problems for the for the Russians. Meanwhile, more U
Speaker 1: S weaponry is expected to arrive in the next few days.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak, I said
Speaker 1: Ukraine's President philodiprs Zalinski is asking for more help. He
Speaker 1: address to Israel's parliament calling out hesitancy to provide military
Speaker 1: aid and join in international sanctions against Moscow did not.
Speaker 1: Could you explain why we are still appealing to the
Speaker 1: world in many countries appealing to you for help. Is
Speaker 1: it in different calculation or mediation without choosing side. I
Speaker 1: leave it to you to choose the answer to this question.
Speaker 1: I only note one thing that indifferent skills Koinian for insident.
Speaker 1: Zelinski has renewed. He's offered to negotiate with Russia's Vladimir
Speaker 1: Putin and a. Zelinsky says Moscow is starting to use
Speaker 1: more destructive artillery in its attacks for President Biden heads
Speaker 1: to Brussels for NATO summit this week John, but before
Speaker 1: that trip, he talks with European and UK leaders. This morning.
Speaker 1: Amy Morris has details from our Bloomberg news room in Washington.
Speaker 1: President Biden's talk with the leaders of France, Germany, Italy
Speaker 1: and the UK is set for eleven this morning while
Speaker 1: street time. While in Europe, the President is also expected
Speaker 1: to visit Warsaw, where he'll meet with Poland's President Andre DooDah.
Speaker 1: Sources tell Bloomberg that later today, senior US officials, including
Speaker 1: Treasury Secretary Janet Ellen and National Security Advisor Jake Sullivan,
Speaker 1: will meet with executives in the energy, refining, financial services,
Speaker 1: and manufacturing sectors. Leaders from ex On, Mobile, JP, Morgan
Speaker 1: Chase and other firms are expected to attend the off
Speaker 1: the record discussion about the global push to sanction Russia,
Speaker 1: up ending supply chains and exacerbating in flationary pressures. In Washington,
Speaker 1: on Many Moore as Bloomberg Daybreak, thanks Amy, Russia has
Speaker 1: begun using hypersonic missiles against Ukraine. It's a shift in
Speaker 1: strategy that may signal a new phase of the war.
Speaker 1: Analysts expect more air power to be used as the
Speaker 1: Russian ground campaign stalls. NATO Secretary General Yan Stoltenberg is
Speaker 1: also worried about chemical weapons. We know that Russia has
Speaker 1: used chemical agents in Europe before against their own political opponents,
Speaker 1: and they Russia has been facilitating supporting the outsold regime
Speaker 1: in Studio where chemical weapons has been used. So this
Speaker 1: is something we take extremely serious. NATO Secretary General Yain
Speaker 1: Stoltenberg made the comments on NBC's Meet the Press, heard
Speaker 1: Sundays on Bloomberg Radio. With no end of the war
Speaker 1: inside John oil is surging for a third day. Attacks
Speaker 1: by Iranian backed revels on energy facilities in Saudi Arabia
Speaker 1: are also adding to upward pressure. Crude has rallied almost
Speaker 1: fourteen percent since Wednesday. Checking prices now, Nimex crudes up
Speaker 1: four point seven percent, or four dollars nine cents at
Speaker 1: a hundred nine dollar sixty three cents a barrel brand
Speaker 1: is up four and a half percent at a hundred
Speaker 1: twelve dollars sixty eight cents, and as crude climbs, inflation
Speaker 1: remains front and center. Today, j Powell gets another chance
Speaker 1: to weigh in on the matter. The Fed share banks
Speaker 1: remarks and answers questions at an economics conference in Washington.
Speaker 1: Critics like former Treasury Secretary Larry Summers say the Central
Speaker 1: Bank needs to hike rates more aggressively. We've got to
Speaker 1: raise interest rates by more than four percentage points. We've
Speaker 1: got to raise them by four percent to stay neutral.
Speaker 1: We probably have to raise them more than that. So
Speaker 1: I think ultimately we're gonna need a four or five
Speaker 1: percent interest rates levels they're not even thinking of as conceivable.
Speaker 1: The former Treasury Secretary and Bloomberg contributor Larry Summers was
Speaker 1: against on Bloomberg's Wall Street week Herd weekdays on Bloomberg
Speaker 1: Radio and television. Stay tuned for those remarks from J. Powell.
Speaker 1: We're gonn bring those two you live, coming up just
Speaker 1: before one pm Wall Street Time. All right on the
Speaker 1: Corvert front this morning, Johnson Merger Monday News. Private equity
Speaker 1: firm Tomma Bravos agreed to buy San Francisco based software
Speaker 1: company and a Plan in a deal valued at ten
Speaker 1: point seven billion dollars and a Plan shares her up
Speaker 1: more than twenty six percent in early training. Nathan Thanks
Speaker 1: five oh seven of Wall Street and let's bring in
Speaker 1: Michael Barr with more on what else is going on
Speaker 1: in New York end around the world. John, thank you
Speaker 1: very much, sir. The Senate Judiciary Committee is set to
Speaker 1: begin it's history confirmation hearings today for Judge Katangi Brown Jackson,
Speaker 1: one year old federal judge would be the first black
Speaker 1: woman on the Supreme Court. Jackson is expected to present
Speaker 1: an opening statement, then answer questions from the committee's eleven
Speaker 1: Democrats and eleven Republicans over the next two days. Senate
Speaker 1: Minority Leader Mitch McConnell says he is keeping an open mind.
Speaker 1: I'm gonna listen to the hearings and by the way,
Speaker 1: she'll be treated much better than Democrats are typically treated.
Speaker 1: Republican nomination like Clarence Thomas and Brett cabinaught. Senator McConnell
Speaker 1: spoke on CBSS Face the Nation, which can be heard
Speaker 1: Sundays on Bloomberg. Supreme Court Justice Clarence Thomas remains hospitalized
Speaker 1: with flu like symptoms. According to the Supreme Court, Thomas
Speaker 1: is being treated with antibiotics for an infection and is
Speaker 1: resting comfortably. The new subvariant of the coronavirus has the
Speaker 1: attention of the nation's top in factious disease. Doctor Dr
Speaker 1: Anthony Fauci says the new coronavirus B A two subvariant
Speaker 1: is about fifty to six more transmissible than omicron. It
Speaker 1: does have an increased transmission capability. However, when you look
Speaker 1: at the cases, they do not appear to be any
Speaker 1: more severe. Dr Fauci says that's the good news, but
Speaker 1: he warns b A two could lead to an increase
Speaker 1: in COVID cases in the weeks ahead. Overall sickness and
Speaker 1: hospitalizations have dropped pre pandemic levels. Fauci spoke on ABC's
Speaker 1: This Week, which can be heard son days right here
Speaker 1: on Bloomberg. Fans welcome back the Cinderella team of the
Speaker 1: men's NC Double A Tournament. Jersey City's St. Peter's University
Speaker 1: got a hero's welcome when they return Sunday, everyone has
Speaker 1: a Peacock Nation is like, this is crazy because we're
Speaker 1: such a small school. Over the weekend, the fifteenth seed
Speaker 1: advanced to the sweet sixteen. Peacock's guard Darryl Banks, this
Speaker 1: is amazing. You know, just growing up, I want to
Speaker 1: play basketball. This is time of the moment that you
Speaker 1: live for. It as you dream of guard Darryl Banks
Speaker 1: and his st Peter's teammates now take on Produe this Fronday,
Speaker 1: Global News twenty four hours a day on It and
Speaker 1: on Bloomberg Quittake, powered by more than twenty seven dred
Speaker 1: journalists and analysts in more than a hundred twenty countries.
Speaker 1: I'm Michael Bard. This is Bloomberg, John Michael, thank you,
Speaker 1: and it is coming up a five tennel wall street
Speaker 1: side out of the Bloomberg Sports Update, here's John Stash
Speaker 1: Thanks Johnny n like turn him at field down to
Speaker 1: the sweet sixth teen and it includes Duke. Mike Schowski's
Speaker 1: coaching career not over yet. Blue Devils pulled away late
Speaker 1: to beat Michigan State. You don't go to the sweet
Speaker 1: sixth Steins just with talent, you do it with character.
Speaker 1: And uh, that's that's what my teams have had. But
Speaker 1: it's not like I've given them that. You know, we've
Speaker 1: recruited that and we've made use of it. Coach k
Speaker 1: and Duke now headed out to San Francisco to play
Speaker 1: Texas Tech, who got by Notre Dame a two seed
Speaker 1: went down last night, Auburn lost to Miami, a one
Speaker 1: seed nearly went down, but Arizona survived in overtime over TCU.
Speaker 1: Eleven seed at Iowa State is moving on. The Cyclones
Speaker 1: went two and twenty two last year, also advancing Villanova,
Speaker 1: Houston and Purdue. Purdue is next for Cinderella St. Peter's
Speaker 1: and that game is Friday night in Philadelphia. At the
Speaker 1: Guard of the Knicks had recent wins over Portland and Washington,
Speaker 1: Utah much better team Jazz came in and won one
Speaker 1: O eight to ninety three. Donovan Mitchell thirty six points,
Speaker 1: r J Barret of the Knicks with twenty four. What
Speaker 1: a weekend for the Rangers. Road wins at Tampa Bay
Speaker 1: the two tons of Fenning Stanley, Cup James, and then
Speaker 1: first place Carolina was too nothing with backup goalie Alex
Speaker 1: Gorgi getting forty four stays in the shutout goals by
Speaker 1: Chris Crying or his forty one and recent Ranger pick
Speaker 1: up Frank Metronto. Islanders lost in Philadelphia to one. Red
Speaker 1: Sox signed Freed and Swarts stop Trevor's story. They plan
Speaker 1: to use him at second base, but up big numbers
Speaker 1: with Colorado or The numbers tend to inflate, but he's
Speaker 1: got plenty of power. He's at thirty seven and thirty
Speaker 1: five home run seasons. John stash A Warner, bloom Bird Sports. John,
Speaker 1: all right, thanks John. Ahead of the cash open, Old
Speaker 1: Wall Street futures right now after last week's games, they're
Speaker 1: in the red this morning. The down futures down one
Speaker 1: d and twelve points. That's at the client about three
Speaker 1: tenths of a percent. Smp E Mini futures line point slower,
Speaker 1: that's down two tenths of a percent. And the head
Speaker 1: of the cash open, the nastaic E Mini futures sixty
Speaker 1: three point slowers this morning. That's down about half a percent.
Speaker 1: As we look at treasuries, the tenure yield this morning,
Speaker 1: it's up three bases points two point one eight percent.
Speaker 1: You're listening to Bloomberg Daybreak and the Bloomberg Weather for
Speaker 1: it today from Gary Bass. Sunshine, the high temperature about
Speaker 1: sixty degrees. Could see some showers after midnight tonight Tomorrow,
Speaker 1: partly sunny. The high temperature about sixty degrees. Markets, headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business app, and at Bloomberg Quick
Speaker 1: Tape he's a Bloomberg business lash. Good morning, I'm Nathan Hagar.
Speaker 1: US futures European equities are wavering as crude oil extends
Speaker 1: the climb and investors monitor diplomatic efforts to bring an
Speaker 1: end to Russia's nearly month old war in Ukraine. We
Speaker 1: checked the markets every fifteen minutes during the trading day
Speaker 1: on Bloomberg. Right now, SMP futures are down seven point.
Speaker 1: STAFF futures are down. Nasdaq futures are lower by fifty
Speaker 1: seven point. European stocks very slightly in the green right now,
Speaker 1: with the decks in Germany little change. The cat in
Speaker 1: Paris higher by one tenth of one percent, the foot
Speaker 1: scene London up a half percent. It's in your treasury
Speaker 1: right now, is down ten thirty seconds. The yield two
Speaker 1: point one eight percent. In the yield on the two
Speaker 1: year right now one point nine eight percent. Nime X Screwed,
Speaker 1: as you mentioned, was surging for a three point nine
Speaker 1: percent or too four dollars thirteen cents at a hundred
Speaker 1: eight dollars eighty three cents of barrel. Comex Skulled is
Speaker 1: down two tenths percent at nine fifty announced. That's a
Speaker 1: Bloomberg Business Flash. Now here's Michael Barr. It's more on
Speaker 1: what's going on around the world. Good morning Michael, Good
Speaker 1: morning Nathan. Chinese media reports of Boeing seven thirty seven
Speaker 1: n G carrying one d passengers has crashed in southwestern China.
Speaker 1: Radar tracking from Flight Radar twenty four shows the China
Speaker 1: Eastern Airlines flight took a steep descent as it was
Speaker 1: headed toward the province of gong Zoo. Chinese State TV
Speaker 1: reports that a rescue team has assembled and is approaching
Speaker 1: the sign. Ukrainian officials have defiantly rejected a Russian demand
Speaker 1: that their forces in Mariopo lay down arms and raised
Speaker 1: white flags in exchange for safe passage. The Senate Judiciary
Speaker 1: Committee is set to begin its His Story confirmation hearings
Speaker 1: for Judge Katangi Brown Jackson. The fifty one year old
Speaker 1: federal judge, would be the first black woman on the
Speaker 1: Supreme Court. College basketball demands NZ double a Sweet sixteen
Speaker 1: to set Duke. Kansas and Villanova advanced yesterday. NBA, the
Speaker 1: Knicks and Warriors lost, the Celtics won. In the NHL,
Speaker 1: the Rangers won, the Islanders and Capitals lost. Global news
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more than twenty seven journalists and
Speaker 1: analysts more than a hundred twenty countries. I'm Michael Baren.
Speaker 1: This is Bloomberg, Michael, Thanks very much, five twenty on
Speaker 1: Wall Street. We are live from the Bloomberg Interactive Brokers
Speaker 1: studios and this is Bloomberg Daybreak. We do have those
Speaker 1: reports on that commercial passenger plane crash in China. Word
Speaker 1: on that coming through in just the past, our late
Speaker 1: breaking stories still the stop and let's find out what
Speaker 1: we know right now from Bloomberg's Will Davies. He joins
Speaker 1: us from Hong Kong. Will, what can you tell us morning, John? Yeah,
Speaker 1: it's delay developing situation obviously, but what we know so
Speaker 1: far is that the China Eastern Airlines Boeing aircraft is
Speaker 1: that was flying from Kunming to Guangzho in the south
Speaker 1: of China has crashed. There were a hundred twenty three
Speaker 1: passengers and nine crew on board. There's some footage emerging
Speaker 1: online videos showing as of a fiery scenes on the
Speaker 1: mountain side. Um and that's the reports are the playment
Speaker 1: down in a place called the wood job. The Chinese
Speaker 1: aviation regulator is sending in a team to uh probe
Speaker 1: see what's happened, But we haven't heard direct from the
Speaker 1: airlines yet. China Eastern's website has gone to black and
Speaker 1: white as a sort of acknowledgement of something that's happened,
Speaker 1: and the flight radar, those sort of websites are showing
Speaker 1: that took a steep descent um this this plane a
Speaker 1: couple of years ago. Yeah, an investigation about the start
Speaker 1: and the A lot of people don't know. But with
Speaker 1: investigations like this involving Boeing aircraft, the lead investigators usually
Speaker 1: are actually the investigators from the Boeing company itself. Do
Speaker 1: we know anything more about the plane other than it's
Speaker 1: a seven thirty seven. The exact model we're told is
Speaker 1: is energy, So not a seven thirties seven, not a Max. No, No,
Speaker 1: so the Max isn't actually approved for commercial flights in China. Yeah,
Speaker 1: it's one of the last main holdouts. That's been an
Speaker 1: issue for Bowing because China is obviously it's huge, a
Speaker 1: huge market, it's his biggest market, and even Bowing has
Speaker 1: to sort of planets production ramp ups based on its
Speaker 1: access to China's. China's market in China was the first
Speaker 1: to ground the MAX in March two thousand nineteen after
Speaker 1: the crash in Ethiopia. And it's still it was approaching
Speaker 1: that there was taught that you know, there's reports that
Speaker 1: we've reported on that it is going to be cleared
Speaker 1: very soon. Um. So this was not a MAX, but
Speaker 1: it was a six year old cemetery. Um. But yeah,
Speaker 1: I mean, it's obviously a tragedy and it's another setback
Speaker 1: for for Boeing has come at a bad time and
Speaker 1: even sending over investigators. I'm sure they'll make allowances, but
Speaker 1: you know they've got the COVID issues. It's hard to
Speaker 1: even get into China at the moment um and travel
Speaker 1: around is hard. But yeah, the investigation will will need
Speaker 1: to be done. But yeah, another major setback to Bowing.
Speaker 1: Do we know how old this particular model of aircraft
Speaker 1: is and tell me again the operator? And do we
Speaker 1: also know the region where it crashed? Is it particularly
Speaker 1: remote area of China? Do you know? Yeah? I think
Speaker 1: in Guansi Province, which is south it's southwest of China.
Speaker 1: It's kuldn't it was time? Couldn't mean which the capital
Speaker 1: of Yunn. It's a sort of a very large uh
Speaker 1: province in the in the southwest. So from the scene
Speaker 1: that it looks like the video coming through is a
Speaker 1: remote mountain area, UM, rural area, UM. You know, vast
Speaker 1: landscape over in that part of the world heading to Guangzo,
Speaker 1: one of the major Chinese city. UM. This was operated
Speaker 1: by China Eastern Airlines, which is based out of Shanghai.
Speaker 1: That it's one of the big three airlines in China,
Speaker 1: along with Air China and China Southern. You know, China's
Speaker 1: had a good reputation on the air safety or something
Speaker 1: it takes great pride in. It hasn't had a the
Speaker 1: last crash is there in and China Eastern it's last
Speaker 1: sort of fatal crash anyway, it was in two thousand
Speaker 1: and four and in the Mongolia in the north. So um. Yeah,
Speaker 1: this is real shocking development really because China hasn't really
Speaker 1: had many safety issues with the aviation industry, as you
Speaker 1: would sort of alluded to with the Boeing Max. How
Speaker 1: how long it's taken to get that back in the air,
Speaker 1: whereas it's been improved elsewhere. China was the first aground
Speaker 1: that and you know it made to be seen. If
Speaker 1: it's now going to the regulators or the government will
Speaker 1: bat ground other Boeing planes following this particular crash. We
Speaker 1: don't know that yet. We'll keep an eye on it,
Speaker 1: all right, Well, thanks very much. Bloomberg's Will Davies joining
Speaker 1: us from Hong Kong this morning. Again, China Eastern Airlines
Speaker 1: Boeing seven thirty seven eight hundred en G plane on
Speaker 1: thirty two people on boards crashed and the south western
Speaker 1: Western province there in China. Well, thanks very much, we
Speaker 1: appreciate it. It is five the twenty five right here
Speaker 1: on Bloomberg Radio. You're listening to Bloomberg Daybreak. Let's shift
Speaker 1: our attention now to the latest developments on the war
Speaker 1: in Ukraine. Ukraine rejecting a Russian demand that its forces
Speaker 1: laid down their arms and leave Mariopold today. Let's get joined.
Speaker 1: Let's get an update right now. We're joined by Rosalind Mathison,
Speaker 1: Bloomberg's executive editor for International Government. What do we know
Speaker 1: what's taking place on the ground right now? Rose, can
Speaker 1: you give us an update? But what we're saying is
Speaker 1: that the city of Mariopol is remaining under siege. It
Speaker 1: is ugly the city that's suffering the most right now
Speaker 1: in Ukraine with humanitarian aid when he struggling to get
Speaker 1: in and people struggling to get out. So Russia gave
Speaker 1: the city an ultimatum yesterday said if all its troops
Speaker 1: and weapons leave, they will allow aid to come in
Speaker 1: and people safe passage out. Ukraine has rejected that, and
Speaker 1: that deadline expired. This morning's Okay, this is Bloomberg Dave Break.
Speaker 1: I'm Nathan Hager along with John Tucker, and we are
Speaker 1: about four hours away from the open of US trading.
Speaker 1: So let's get you up to date on the news
Speaker 1: you need to you know at this hour. Beginning with
Speaker 1: the breaking news out of Asia reports of a commercial
Speaker 1: plane crash in China, Bloomberg's Michael bar joins US Live
Speaker 1: with the very latest. Good morning, Michael, Good morning Nathan.
Speaker 1: Chinese media reports Boeing seven thirty seven n G carrying
Speaker 1: one thirty two passengers has crashed in southwestern China. Radar
Speaker 1: tracking from Flight Radar twenty four shows the China Eastern
Speaker 1: Airlines flight took a steep descent as it was headed
Speaker 1: toward the province of Guangzho The New York Times says
Speaker 1: local officials saw flames and smoke rising from a hillside
Speaker 1: in the area. Chinese state televisions as a rescue team
Speaker 1: has assembled and as approaching the site live in New York.
Speaker 1: Michael Barer Bloomberg DAB. Thanks Michael. We now turned to
Speaker 1: the latest developments of the war in Ukraine. Ukraine rejecting
Speaker 1: a Russian demand that its forces laid down their arms
Speaker 1: and leave the city of Maripol. More talks expected later today. Yesterday,
Speaker 1: Ukraine's President philodamr Zalinski addressed Israel's parliament, calling out hesitancy
Speaker 1: to provide military aid and joy international sessions. Could you
Speaker 1: explain why we are still appealing to the world in
Speaker 1: many countries, appealing to you for help. Is it in
Speaker 1: different calculation or mediation Without choosing side, I leave it
Speaker 1: to you to choose the answer to this question. I
Speaker 1: only note one thing that in different kills. Ukrainian President Zelinsky,
Speaker 1: renewing his offers to negotiate with Vladimir Putin and Ata.
Speaker 1: Zelinski says Moscow has started using more destructive artillery in
Speaker 1: its attacks, that its artillery includes hypersonic missiles. John and
Speaker 1: analysts say that marks a shift in strategy with Russia
Speaker 1: using more air power as its ground campaign stalls. Lloyd
Speaker 1: Austin is the U S Defense Secretary. I would not
Speaker 1: see it as a game changer. I think again, the
Speaker 1: reason that he's resorting to using these types of weapons
Speaker 1: is because he's trying to re establish some momentum. Secretary
Speaker 1: of Defense Lloyd Austin made the comments on Face the
Speaker 1: Nation from CBS, heard Sundays on Bloomberg Radio and coming
Speaker 1: up today, President Biden speaks with European leaders ahead of
Speaker 1: his trip to the continent this week. Senior US officials
Speaker 1: also meet with executives from excell On Mobile, JP Morgan
Speaker 1: and other firms to discuss the impact of sanctions, and
Speaker 1: traders are also looking out for a speech today from
Speaker 1: FED chair J. Powell. He will make remarks and answer
Speaker 1: questions at an economics conference in Washington. Will bring that
Speaker 1: to you live. That's coming up around one pm Wall
Speaker 1: Street time ahead of the Mark could open this morning.
Speaker 1: Futures are moving lower, with SMP futures now down three
Speaker 1: points down, futures down seventy five, NASTACK futures onto decline
Speaker 1: by forty three points. The ten your treasury is down
Speaker 1: eleven thirty seconds. The yield two point one nine percent
Speaker 1: yield on the two year one point nine eight. Nim
Speaker 1: X screwed up three point seven percent or three dollars
Speaker 1: eighty two cents at a hundred eight dollars fifty two
Speaker 1: cents in barrel. Comic stlled down three tenths per cent
Speaker 1: or five dollar sixty cents at n thirty announced the
Speaker 1: euro one point one zero six zero against the dollar.
Speaker 1: Straight ahead, your latest local headlines, and a check of sports.
Speaker 1: This is Bloomberg. Thanks Nathan five three of Wall Street.
Speaker 1: And let's bring in Michael Barr again with Moura. What
Speaker 1: else is going on in New York and around the world, John,
Speaker 1: thank you very much, sir. The confirmation hearings for President
Speaker 1: Biden's first Supreme Court nomineer schedule to get underway today.
Speaker 1: Judge Katangi Brown Jackson is the first black woman to
Speaker 1: be nominated to the Supreme Court. Republican Senator John Barrasso,
Speaker 1: We're going to have a fair process and a respectful process,
Speaker 1: unlike what the Democrats did to justice Capital. Republican Senator
Speaker 1: Josh Holly last week trying to discredit Jackson in a
Speaker 1: barrage of tweets saying she was soft on crime. Democratic
Speaker 1: Senator Dick Durbin says that Holly's claims have been fact
Speaker 1: checked and discredited, saying Hally's base is far from Centrists.
Speaker 1: He's part of a fringe within the Republican Party. This
Speaker 1: was the man who was fist bumping the murderous mob
Speaker 1: that descended on the Capitol. Senators Durbin and Barasso spoke
Speaker 1: on ABC S this week, which can be heard Sundays
Speaker 1: on Bloomberg. We're learning that Justice Clarence Thomas was hospitalized
Speaker 1: with flu like symptoms and treated with intravenous antibiotics for
Speaker 1: an infection. The Supreme Court said the seventy three year
Speaker 1: old justices symptoms have eased and he is resting comfortably.
Speaker 1: Even with COVID cases down, US health officials said that
Speaker 1: they are expecting more cases with the new BA two variant,
Speaker 1: through a large surge is unlikely. Dr Anthony Fauci says, well,
Speaker 1: the b A two symptoms are not typically severe. It
Speaker 1: is even more contagious than it's omicron predecessor. It's about
Speaker 1: fifty or so more transmissible, which means ultimately over time,
Speaker 1: it might take over as the dominant variant. There have
Speaker 1: been more than seventy nine million cases of COVID in
Speaker 1: the US alone and more than nine hundred seventy one deaths.
Speaker 1: The U. S. Marine Corps identified the four Marines who
Speaker 1: died when their Osprey aircraft crashed Friday night in a
Speaker 1: Norwegian town in the Arctic Circle during an ATO exercise.
Speaker 1: All four were out of Marine Corps air Station New River,
Speaker 1: North Carolina. The cause of the crash remains under investigation.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts and more than a hundred twenty countries.
Speaker 1: I'm Michael bar This is Bloomberg, John, Michael. Thank you.
Speaker 1: Some breaking news crossing the Bloomberg right now. Berkshire Hathaway
Speaker 1: buying Alleghany for eight hundred and forty eight dollars and
Speaker 1: two cents this year, a deal worth eleven point six
Speaker 1: billion dollars. New York based Allegheny operates in the property
Speaker 1: and casualty reinsurance and insurance business. It is now five
Speaker 1: thirty six on Ball Street. Damn, that's time for the
Speaker 1: Bloomberg Sports Upding Good morning, John Stan Shower A Morney
Speaker 1: John n C Double A Tournament Sweet sixteen includes three
Speaker 1: one seeds, two twos, two threes, and three fours. But
Speaker 1: it wasn't easy for many the favors, certainly not for
Speaker 1: top seed Arizona, who needed overtime to get by t
Speaker 1: c U, or for Duke, who beat Michigan State and
Speaker 1: he five seventy six. It was closer in that Blue
Speaker 1: Devil pulled away late in the win. Means Mike Schewski's
Speaker 1: coaching career not over yet. Duke now plays Texas Tech Perdue.
Speaker 1: Beat Texas Perdue is up next for St. Peter's. The
Speaker 1: Cinderella Peacock is gonna have plenty of fans support on Friday.
Speaker 1: The game just down the road from Jersey City in
Speaker 1: Philadelphia wins last night from Miami and Iowa states that
Speaker 1: they'll play each other Friday. That means a double digits
Speaker 1: need is guaranteed of being in the Elite eight. The
Speaker 1: next slip playoff Folks took a hit beating up by
Speaker 1: Utah at the Garden one of eight ninety three donald
Speaker 1: the Mitchell score thirty six points. Second place Rangers visited
Speaker 1: first place Carolina, game of scoreless second periods. Trying to center,
Speaker 1: but it kicks back out behind the net. Slapper gear
Speaker 1: to the far corner climbs. The blue lot gets the
Speaker 1: back out to the corn with the shot the flection
Speaker 1: be it scored. It gets who in front of that?
Speaker 1: It's Chris Fryder, his forty first goal of the year
Speaker 1: and the Rangers getting the one and of the lead
Speaker 1: on just their eight shot of the game. The piano
Speaker 1: they called Frank Petronto the Rangers picked up last weekend
Speaker 1: an empty netter and the Rangers won too nothing. Forty
Speaker 1: four stays in the shutout for Alex Scourge you have
Speaker 1: when the Rangers get their forty when they trailed the
Speaker 1: Hurricanes by just three points. Islanders lost in Philadelphia through
Speaker 1: to one and Champa Yankees got a grand slam from
Speaker 1: his Waldo Cabrera about the Tigers with four of the
Speaker 1: ninth one eight seven. Elis Sevareno gave up four and
Speaker 1: so did David Peterson. The Mets loss of the cardinal
Speaker 1: in Ports Lisa John Dash Award Bloomberg Sport thinks a
Speaker 1: lot five thirties seven on Wall Streets on down for
Speaker 1: the Bloomberg tri State business reports have for that we're
Speaker 1: joined by ed Quarry. New York city seven points six
Speaker 1: percent unemployment rate is among the worst of major cities.
Speaker 1: It also lacks behind Northern New Jersey and Long Island.
Speaker 1: The jobless rate jumps to eleven percent, not seasonally adjusted,
Speaker 1: in the Bronx, the highest of New York's five boroughs.
Speaker 1: It's even higher for Black New Yorkers. A small fraction
Speaker 1: of the highest paid longshoreman jobs at the seaports of
Speaker 1: New York Harbor are given to Blacks and Latinos. Only
Speaker 1: sixteen of the two hundred nine longshoreman who make at
Speaker 1: least four hundred thousand dollars a year are black and
Speaker 1: nine others are Latino, according to salary records The Daily
Speaker 1: News obtained from the Waterfront Commission. The Lord and Taylor
Speaker 1: Building in Eastchester is getting a new retail tenant, Sacks
Speaker 1: Off Fifth is opening a new location in the now
Speaker 1: closed Lord and Taylor space at seven fifty White Plains Road.
Speaker 1: Sacks Off Fifth is an outlet store offering luxury brand clothing,
Speaker 1: accessories and shoots at discounted rates. Andrew Bloomberg trying State
Speaker 1: business report. I made Corey like I said, five thirty
Speaker 1: aids Wall Street. Bloomberg Radio on the air from San
Speaker 1: Francisco to New York, London to Hong Kong. Let's check
Speaker 1: in now with our global news team, where some of
Speaker 1: the top stories heard on our three hundred affiliate radio
Speaker 1: stations around the world. I'm Steve Potaskan on ten ten
Speaker 1: Wins in New York. We're talking about how slow returned
Speaker 1: to office plans, the lagging entertainment industry are keeping the
Speaker 1: city's unemployment rate high. Um Cournanaho on ktr H in Houston,
Speaker 1: and the biggest oil field service providers are halting future
Speaker 1: work in Russia. I'm Gina Servetti and for Caseys in
Speaker 1: San Francisco. I'm reporting that the business software seller and
Speaker 1: a Plan is being snapped up by a private equity
Speaker 1: firm in an almost eleven billion dollar deal. I made
Speaker 1: Corey on wwf J and Detroit. I'm reporting engineers are
Speaker 1: working on self driving big rigs that can carry long
Speaker 1: home break and those are some of the stories are
Speaker 1: Bloomberg journalist and analysts are working on this morning around
Speaker 1: the world. It's Fine thirty nine on Wall Street The
Speaker 1: following is an editorial from Bloomberg Opinion. This week, the
Speaker 1: Senate Judiciary Committee holds hearings on the nomination of Judge
Speaker 1: Katangi Brown Jackson to the Supreme Court. Her selection fulfills
Speaker 1: a campaign pledge made by President Joe Biden to name
Speaker 1: the first black woman to the Court. But Jackson would
Speaker 1: bring diversity to the bench in ways that go beyond
Speaker 1: race and gender. Not only would she be the first
Speaker 1: former public defender to sit on the High Court, she'd
Speaker 1: be the first justice since Third Goood Marshall with a
Speaker 1: criminal defense background. At the same time, she has been
Speaker 1: praised by the Fraternal Order of Police, which speaks well
Speaker 1: of her record of maintaining balance. A substantive hearing focused
Speaker 1: on Jackson's record, rather than her identity, should allow the
Speaker 1: country to learn more about a distinguished jurist. Hopefully it
Speaker 1: will also reveal a fresh perspective that the Supreme Court needs.
Speaker 1: This editorial was written by the Bloomberg Opinion Editorial Board.
Speaker 1: I'm David Shipley. For more Bloomberg Opinion, please go to
Speaker 1: Bloomberg dot com, slash opinion or opi and go on
Speaker 1: the Bloomberg terminal base has been Bloomberg Opinion terminal counsters.
Speaker 1: Read more at opi end. Go at the Bloomberg weather
Speaker 1: fort today from Gary Beast. Sunshine, the high temperature topping
Speaker 1: out at about sixty degrees, maybe some showers. Amped at
Speaker 1: midnight Tomorrow am partly sunny, the high temperature about sixty degrees. Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot com, the Bloomberg Business at and at Bloomberg.
Speaker 1: Tucktape is a Bloomberg Business Flash. I'm Nathan Hagar. Futures
Speaker 1: are a little bit lower. European stocks are wavering, Crude
Speaker 1: oil is extending its rally as investors wantit, or diplomatic
Speaker 1: efforts to bring an in to Russia's nearly month long
Speaker 1: war in Ukraine. We checked the markets every fifteen minutes
Speaker 1: during the trading day on bloom burgess and futures down
Speaker 1: or down six points down, futures down ninety seven, NASTAC
Speaker 1: futures leading to the clients down fifty points. The docks
Speaker 1: in Germany and the cat in Paris are both little changed.
Speaker 1: The tenure treasury is down ten thirty seconds. The yield
Speaker 1: two point one eight percent yield on the two year
Speaker 1: one point nine eight n Imax screwed up three point
Speaker 1: four per cent or three dollars fifty one cents at
Speaker 1: a hundred eight dollars twenty one cents a barrel. Comax
Speaker 1: golled down three tenths per center five dollars forty cents
Speaker 1: at nineteen fifty announced the euro one point one zero
Speaker 1: six two against the dollar, the yen one nineteen point
Speaker 1: two three. Berkshire Hathaways agreed to buy all outstanding Allegheny
Speaker 1: shares for eight hundred forty eight dollars two cents to
Speaker 1: share in cash transaction values the reinsure at about eleven
Speaker 1: point six billion dollars. That's a Bloomberg business flash. Now
Speaker 1: here's Michael Barr with more on what's going on around
Speaker 1: the world. Michael Nathan, thank you very much. Chinese media
Speaker 1: reports of Boeing seven thirty seven n G carrying on
Speaker 1: two passengers has crashed in southwestern China. Radar tracking from
Speaker 1: Flight Radar twenty four shows the China Eastern Airlines flight
Speaker 1: took a steep descent as it was headed toward the
Speaker 1: province of guang Sho. The New York Times says local
Speaker 1: officials saw flames and smoke rising from a hillside in
Speaker 1: the area. Joe Biden will speak with the European leaders
Speaker 1: ahead of his trip to the continent this week. Meanwhile,
Speaker 1: shelling continued overnight with a large shopping center on the
Speaker 1: outskirts of Kiev, killing at least six people. Ukraine rejected
Speaker 1: a Russian demand for its forces to lay down their
Speaker 1: arms and leave Mariopal. In College of Basketball, the men's
Speaker 1: n C double A Sweet sixteen is set. Duke, Kansas
Speaker 1: and Villanova advanced. Yesterday in the NBA, the Nickson Warriors lost,
Speaker 1: the Celtics won. In the NHL, the Rangers won, the
Speaker 1: Islanders and Capitals lost. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than twenty seven journalists and analysts in more than a
Speaker 1: hundred twenty countries. I'm Michael bar This is Bloomberg, John Michael,
Speaker 1: thank you, five forty nine on Wall Street. We're lining
Speaker 1: from the Bloomberg in Tryin to Brokers Studios. This is
Speaker 1: Bloomberg Day Break. Well. Investors are looking at the diplomatic
Speaker 1: efforts to bring a war, bringing the end of the
Speaker 1: war in Ukraine let's get you a set up for
Speaker 1: the trading day ahead. We are joined now by St. Twack,
Speaker 1: the Flowbank chief investment officer. Thanks for being with us
Speaker 1: this Monday morning. You know, we have war, we have
Speaker 1: a FED hiking cycle, we have inflation, and yet over
Speaker 1: the past few trading sessions and it's been a risk
Speaker 1: on sentiment. Can you make sense of this for me?
Speaker 1: Good morning. I think we've just gotten to the point
Speaker 1: where so much bad news was already priced in and
Speaker 1: technicals were turning favorable because there were not a lot
Speaker 1: of people long because we were looking at really oversold conditions,
Speaker 1: And we got a couple of good headlines, a little
Speaker 1: more clarity from central banks, a lot of work from
Speaker 1: the Fed to try to re anchor those inflation expectations,
Speaker 1: a little bit of which might have been a bit premature,
Speaker 1: on negotiations between Russia and the Ukraine. And then of
Speaker 1: course some reassurance from China on its regulatory crackdown and
Speaker 1: on support for the markets, and kind of you put
Speaker 1: all those and that technical picture, and at some point
Speaker 1: the market was bound to recover. Where do we go
Speaker 1: from here? Well, I think that the today's looking a
Speaker 1: little more mixed Um, it depends a bit on your
Speaker 1: investment horizon. We're still not out of the woods on
Speaker 1: a number of these events. Uh. And obviously the situation
Speaker 1: with the Ukraine seems like it's going to last longer
Speaker 1: than than people might have hoped. Um, there's potentially a
Speaker 1: little more upside, but I think going through some of
Speaker 1: the more recent highs of the last couple of months
Speaker 1: might take a little bit longer, so it could stay
Speaker 1: choppy for a couple more months. But those loads seem
Speaker 1: to be holding, and I think that's a very encouraging sign.
Speaker 1: For six or nine or two alf months from now,
Speaker 1: we've had healthcare and the energy among the factors that
Speaker 1: have been outperforming. How, if at all, has your investment
Speaker 1: thesis changed. We haven't changed so much because we had
Speaker 1: something of a Barbell approach, So we were overweight energy
Speaker 1: since last year's and not at all expecting the conflict,
Speaker 1: but thinking that these companies had catch up potential compared
Speaker 1: to oil prices even before this happened. UM, we have
Speaker 1: the Barbell approach, thinking that tech at some point growth
Speaker 1: is going to slow and then you're going to want
Speaker 1: that more defensive nature of that quality, and those sustainable earnings,
Speaker 1: so maybe a little more selective um on the tech side,
Speaker 1: but we've kept those and we we've seen so much
Speaker 1: movement in the markets basically since the invasion at the
Speaker 1: end of February, it hasn't felt, uh that we really
Speaker 1: wanted to start playing around too much. We might look
Speaker 1: at adjusting at some point now, but again positioning more
Speaker 1: for three to six months from now and and staying
Speaker 1: constructive with our outlook after the meeting last week that
Speaker 1: here Jerome Powell is speaking a little later to the idea,
Speaker 1: suppose he opens up any new doors. You know, where
Speaker 1: we haven't had that much clarity yet is on the
Speaker 1: asset or on the balance sheets. Although it does seem
Speaker 1: like there aren't going to be outright assets sales. It's
Speaker 1: really going to be about UM letting those reinvestments roll
Speaker 1: off and stopping that. One thing that we've heard a
Speaker 1: lot from the Fed. They weren't as explicit last week,
Speaker 1: but we could keep hearing about that. They talked they
Speaker 1: always think in terms of inflation expectations remaining anchored, and
Speaker 1: it feels like these expectations came unanchored recently. The conflict
Speaker 1: certainly didn't help, and We're going to see a lot
Speaker 1: of work from the feed to re anchor those medium
Speaker 1: to long term expectations. They know the short term inflation
Speaker 1: picture is going to be higher for longer and there's
Speaker 1: only so much you can do about it. Right, higher
Speaker 1: interest rates is going to help with food and energy
Speaker 1: prices given the current situation. But they want to re anchor.
Speaker 1: They want to get that confidence from the market that
Speaker 1: they can pay inflation, and I would expect Paul to
Speaker 1: mention that again in just about twenty seconds. The yield
Speaker 1: curve flattening and necessarily is that an indication of recession
Speaker 1: risk being raised? I think all of the QUEUEI and
Speaker 1: the intervention from central banks has changed that as an indicator.
Speaker 1: It would be one more in a list of negatives
Speaker 1: for markets, But it doesn't necessarily mean a recession is coming.
Speaker 1: And I certainly don't think the US is facing a
Speaker 1: recession this year, as do you always A pleasure has
Speaker 1: to dank Flowbanks Chief investment Officer Nathan Okay John thanks
Speaker 1: for coming up to five fifty four on Wall Street
Speaker 1: Time now for our Bloomberg Law reported a legal story
Speaker 1: we're watching this morning. The prosecution is coming to the
Speaker 1: end of its case against former Goldman sax banker Roger
Speaker 1: Ing his prosecution as part of the firm's one MDB scandal.
Speaker 1: Ing is accused of conspiring with his former boss to
Speaker 1: him Lysner, to help finance Joe Lowe siphoning billions from
Speaker 1: a trio of Vonville's the bank did for the Sovereign
Speaker 1: Wealth Fund one MTB. Lisner's pleaded guilty. He's the state's
Speaker 1: star witness against However, during his ten days on the
Speaker 1: standal Eisner admitted to a host of lies, lies to
Speaker 1: his wives, to his business partners, and to his bosses.
Speaker 1: For more on the case, June Grosso speaks to Bloomberg
Speaker 1: Legal reporter Patricia Hurtado. Pat you need a scorecard to
Speaker 1: keep track of all Leisner's lies. The defense called him
Speaker 1: a rare and cunning liar. What was your impression of him? Well,
Speaker 1: it's really rare. You have a white collar descendant who
Speaker 1: seems to be admired in duplicit its behavior. I don't
Speaker 1: know there's another way of characterizing it. I mean, he
Speaker 1: have admitted to being a double big a mess. So
Speaker 1: he was twice married to two women at the time,
Speaker 1: undirect He told the prosecutor that he had staked divorces
Speaker 1: from to women. Defense also showed how he created a
Speaker 1: safe email account imposed as his current wife at the
Speaker 1: time to converse with his future wife, who turns out
Speaker 1: to be the former fashion model Commrally Shimmons. And it's
Speaker 1: quite extraordinary that somebody was able to pose as his
Speaker 1: wife for years in this fake relationship. And he's also
Speaker 1: shown to use accounts created in his wise name to
Speaker 1: create a bunch of shell companies to which he funneled
Speaker 1: and shuffled money around. And he's accused of being involved
Speaker 1: in this massive foreign bribery case involving one MTB, the
Speaker 1: Malaysian Sovereign Wealth Fund. So you have this massive fraud
Speaker 1: that's the center of the case. But then you also
Speaker 1: have a flawed cooperating witness that has a lot of
Speaker 1: baggage and a lot of explaining to do, and the
Speaker 1: defense has exploited a that what the defense seems to
Speaker 1: be hoping for here is jury nullification. You know, the
Speaker 1: jury saying, hey, the two other guys in this scheme
Speaker 1: did far worse things. The guy on the stand, Tim Leisner,
Speaker 1: has made a deal with the government, and the other guy,
Speaker 1: j Lo has disappeared into the ether and no one
Speaker 1: is prosecuting him. So in's the fall guy here and
Speaker 1: it would be unfair to convict him. Well, that's definitely
Speaker 1: the defensive story. It's this is the wrong guy. Roger's
Speaker 1: just here. Just because you're present at a scene of
Speaker 1: a crime doesn't need you're participating in the crime. Isn't
Speaker 1: how the jury is going to view Wisner in the
Speaker 1: context of who's really moving that's brought along? Is it
Speaker 1: really Wisner that's the main mover with Roger tagging along,
Speaker 1: and we have so many problems laying lisner version of
Speaker 1: events which seem a little shaky, that we may decide,
Speaker 1: you know, how are we going to hold him responsible
Speaker 1: for this guy that's the main mover? The defense has
Speaker 1: argues that basically Wisner is implicating Roger to get off
Speaker 1: and get a more lenient sense, so remains to speak sane,
Speaker 1: whether or not the jury beliefs. That's Bloomberg Legal report
Speaker 1: of Patricia Hurtado speaking with bloombergs June Grosso. You can
Speaker 1: catch more of that interview a plus analysis of the
Speaker 1: latest legal news by listening to The Bloomberg Law Show
Speaker 1: at ten pm Eastern time or subscribing to the Bloomberg
Speaker 1: Law podcast, and attorneys can find exceptional legal research and
Speaker 1: business development tools at Bloomberg law dot com. Right now,
Speaker 1: SMP futures are down six point staff futures down, ACT
Speaker 1: futures down forty nine points ten. Your treasury is down
Speaker 1: nine thirty seconds. The two ninemex screwed up three point
Speaker 1: four percent a hundred eight dollars twenty three cents of
Speaker 1: barrel bitcoin trading right now just shy of forty one
Speaker 1: three hundred dollars. Bloomberg Daybreak continues. We'll check our top
Speaker 1: stories of the morning straight ahead. This is Bloomberg