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Speaker 1: Live from the Bloomberg Interactive Berger Studios. This is is Bloomberg

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Speaker 1: day Break for Tuesday, January eighteen two. Coming up, the shower,

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Speaker 1: stocks fall and treasury yields jump as Wall Street gets

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Speaker 1: back to work. Oil continues. It's rally hitting the highest

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Speaker 1: level since Goldman Sachs kicks off a busy week for

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Speaker 1: earnings and airlines weren't of catastrophic disruptions tied to the

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Speaker 1: rollout of five G. Authorities say the woman killed in

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Speaker 1: the New York subway attack by a homeless man was

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Speaker 1: an advocate for the homeless. Plus the Senator schedule to

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Speaker 1: debate of voting rights bill today on Michael bar Or

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Speaker 1: I'm John stash Own Sports, the Nickson Net, Sufford Holiday

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Speaker 1: matinee losses, win for the Islanders, the Rams meet the

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Speaker 1: Cardinals in the NFL playoff. That's all straight Ahead on

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Speaker 1: Bloomberg day Break on Bloomberg Element Trio, New York, Bloomberg one, Washington,

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Speaker 1: d C, Bloomberg one on six one, Boston, Bloomberg nine sixties,

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Speaker 1: San Francisco, Sirius x M one nineteen and around the

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Speaker 1: world Old on Bloomberg Radio dot Com and via the

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Speaker 1: Bloomberg Business at good morning. I'm Nathan Hagar and I'm

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Speaker 1: Karen Moscow and US stock index futures are tumbling this morning.

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Speaker 1: We're coming up to six o one on Wall Street,

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Speaker 1: and we check the markets every fifteen minutes throughout the

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Speaker 1: trading day. On bloomberg S and P Future is down

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Speaker 1: fifty three points down. Future is down two hundred sixty

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Speaker 1: two and as day futures down two hundred eighty two.

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Speaker 1: Ten year Treasury down seven thirty seconds. He at one

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Speaker 1: point eight one percent and they yield on the two

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Speaker 1: year one point oh four percent. Nathan, Karen, the markets

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Speaker 1: are the focus this morning. Treasury yields, as you mentioned,

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Speaker 1: are jumping while stocks continue to slide. Let's get the

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Speaker 1: very latest live with Bloomberg's John Tucker. John, good morning,

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Speaker 1: Good morning Nathan too, and tend your treasure yields up

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Speaker 1: to levels not seen since before the pandemic. Investors increasingly

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Speaker 1: concerned that elevated inflation will force the Fed to tighten

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Speaker 1: policy faster than expected. Higher rates means future profits are

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Speaker 1: worthless today and that's hurting growth took, especially technology. Right now,

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Speaker 1: NASDAIC futures are down one point eight percent. What could

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Speaker 1: come to the rescue is company profits strategist at JP

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Speaker 1: Morgan Chase to say global corporate earnings will deliver significant

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Speaker 1: beats this year. Live to New York. I'm John Tucker,

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Speaker 1: Bloomberg Daybreak, John, thank you. We're also seeing oil on

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Speaker 1: the move this morning. Brent crude is trading at the

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Speaker 1: highest level in more than seven years. We get more

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Speaker 1: from Bloomberg's Paul Wallace and Dubai. The strong consensus that

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Speaker 1: Omicron is not going to have that much of an

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Speaker 1: impact on oil demand. And at the same time, you've

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Speaker 1: got some of the world's biggest produces oil produces, including

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Speaker 1: many OPEC members, very much struggling to raise production. So

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Speaker 1: the thinking is that, especially as we go further into

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Speaker 1: the year, when demand should be rising quite strongly, we're

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Speaker 1: going to see supply problems. Bloombergs Paul Wallace as Goldman

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Speaker 1: sax is predicting one hundred dollar oil in the third

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Speaker 1: quarter and checking prices right now, nine max screwed oil

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Speaker 1: is up about one point eight percent at at eight

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Speaker 1: twenty nine cents of barrel. Brent is up one point

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Speaker 1: three eighties seven dollars sixty cents. Earnings is the other

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Speaker 1: big item to watch this morning. Karen Bank results continue

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Speaker 1: to roll in this week, and Goldman Sacks reports ahead

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Speaker 1: of today's opening bell, and we get a preview from

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Speaker 1: Bloomberg Global Finance correspondent Sali Bask. We've had the first

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Speaker 1: set of earnings for JPMorgan City Group and Wells Fargo,

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Speaker 1: and with fixed income trading expectations pretty much below expectations

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Speaker 1: for the biggest of the firms, that sets the bar

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Speaker 1: pretty high for Goldman Sacks, which has had a banner

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Speaker 1: year in commodities trading, the hope is that they will

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Speaker 1: outperform expectations. Yet we're also going to watch expenses because

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Speaker 1: those traders will need to get paid more to be retained.

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Speaker 1: At JP Morgan, expenses are going up and the expectation

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Speaker 1: is the same for Goldman Sacks. So what will profitability

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Speaker 1: look like moving forward? In New York? Um Shinnali Bask,

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Speaker 1: Bloomberg Daybreak, Shenelle, thank you. Let's turn to the pandemic now.

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Speaker 1: The latest debate centers on whether the pandemic is now

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Speaker 1: shifting to an endemic that would put COVID nineteen on

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Speaker 1: even footing, which is just like the flu. Dr Anthony

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Speaker 1: Faunci says it's too early to tell. There's an open

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Speaker 1: question as to whether or not omicron is going to

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Speaker 1: be the live virus vaccination that everyone is hoping for,

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Speaker 1: because you have such a great deal of variability with

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Speaker 1: new variants emerging. Dr Anthony Fauci made the comments yesterday

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Speaker 1: at the World Economic Forums Davos Agenda online conference. Meantime, Karen,

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Speaker 1: we're getting early results from Israel on the effectiveness of

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Speaker 1: a fourth vaccine dose. Let's get the details on this

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Speaker 1: new study live from Bloomberg. Johnia Young, Good morning, Rinita,

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Speaker 1: Good morning Nathan. A trial in Israel shows that a

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Speaker 1: fourth dose of COVID nineteen, the vaccine from Fiser, that is, it,

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Speaker 1: only offered partial defense against the omicron variant, and overall,

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Speaker 1: the lead researchers says shots which were more effective against

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Speaker 1: the previous strains, offer less protection with O macron. Israel

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Speaker 1: started rolling out a fourth dose to some residents back

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Speaker 1: in December, but the lead researcher says results did not

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Speaker 1: support a wider rollout of the whole popular lation, and

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Speaker 1: last week, the European Union warned that frequent COVID nineteen

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Speaker 1: boosters could weaken the immune system. And may not be

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Speaker 1: feasible live in New York. I'm gonna need a Young

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Speaker 1: Bloomberg daybreak. All right, we need to thank you by

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Speaker 1: the pandemic is once again impacting the Olympics. China's halting

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Speaker 1: take his sales to the general public. Instead, Beijing will

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Speaker 1: invite select groups of spectators to attend the games to

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Speaker 1: begin more from Bloomberg Yvon Van in Hong Kong. This

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Speaker 1: is quite a reversal because originally the plan was to

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Speaker 1: already banned foreign spectators, but they were supposed to allow

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Speaker 1: residents to be spectators for the Olympic Games, and they

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Speaker 1: were supposed to operate in this sort of closed loop system.

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Speaker 1: But that is all changing as we speak. Bloomberg y

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Speaker 1: Von Man says these changes come just three weeks before

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Speaker 1: the Olympic Games kickoff and Beijing turning to Europe. Now, Karen,

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Speaker 1: political turmoil isn't focused in the UK. A former top

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Speaker 1: aide to Boris Johnson's accusing the Prime Minister of lying

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Speaker 1: about parties held at Downing Street during the pandemic. Let's

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Speaker 1: go to London hit the latest from Bloomberg's U and Potts.

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Speaker 1: You and good morning, Nathan and Karen Dominic Cummings says

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Speaker 1: the UK leader was aware of and permitted a drinks

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Speaker 1: party at Downing Street at the height of the strict

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Speaker 1: lockdown in the first wave of the pandemic. That account

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Speaker 1: from the former top aide to the Prime Minister, who's

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Speaker 1: been outspoken in his criticism, conflicts with what Boris Johnson

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Speaker 1: recently told parliaments in London. I'm neumpots Bloomberg day Break,

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Speaker 1: all right new and thank you. Back here in the US,

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Speaker 1: depending rollout of five G service is hitting fresh roadblocks airlines,

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Speaker 1: who are in federal officials of catastrophic disruptions if wireless

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Speaker 1: companies continue to deploy five G services. Amy Morris has

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Speaker 1: the latest from our Bloomberg newsroom in Washington. The trade

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Speaker 1: association Airlines for America warned the traveling and shipping public

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Speaker 1: could be impacted by the new signals, which they say

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Speaker 1: could interfere with altitude measuring instruments. A T and T

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Speaker 1: and Verizon already have an agreement with federal regulators to

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Speaker 1: launch this news service on January nine, and a momo

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Speaker 1: to staff seen by Bloomberg News. Jet Blue CEO Robin

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Speaker 1: Hayes says the airline faces quote the potential for significant

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Speaker 1: disruptions to flights starting tomorrow in Washington. I maybe more

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Speaker 1: as Bloomberg Daybreak part Amy thanks SMP Future is now

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Speaker 1: down fifty six points down. Futures down two nastack futures

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Speaker 1: lower by two points. Straight ahead your latest local headlines

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Speaker 1: and a check of sports. This is Bloomberg in sound

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Speaker 1: six oh seven on Wall Street where thirty one degrees

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Speaker 1: in Central Park. We got an accident in Queen's westbound

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Speaker 1: l I E a junction boulevard. Details coming up in

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Speaker 1: traffic First Michael Barr with more on what's going on

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Speaker 1: in New York and around the world. Michael, thank you

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Speaker 1: very much. Nathan. Police in New York City say the

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Speaker 1: man accused of killing a woman by pushing her into

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Speaker 1: the path of a subway is homeless, emotionally disturbed, and

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Speaker 1: under police guard at a hospital. Marshall Simon is expected

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Speaker 1: to be a rain for killing forty year old Michelle

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Speaker 1: Go Saturday morning in the Times Square subway station. The

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Speaker 1: killing comes less than a month into the first term

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Speaker 1: of Mayor Eric Adams, who campaigned on making the city safer.

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Speaker 1: But you haven't it like this. The perception is what

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Speaker 1: we're fighting it gets. Adams also says the victim was

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Speaker 1: a management consultant and did volunteer work to health homeless.

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Speaker 1: New York Junior League president Dana Cassidy she clearly had

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Speaker 1: a very strong passion for working one on one with

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Speaker 1: these populations in need. Cassidy called Go a compassionate soul.

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Speaker 1: As for the sixty one year old suspant. He was

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Speaker 1: arrested and confessed shortly after. The Senate the schedule to

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Speaker 1: debate of voting rights bill today, allowing more access to

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Speaker 1: the ballot box. The measure is expected to face a

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Speaker 1: Steve hurdle when Senate Democrats challenge the filibuster rule that

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Speaker 1: requires sixty votes to advance legislation. Since the election, nineteen

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Speaker 1: states have passed bills restricting access to vot it. Senator

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Speaker 1: Kirsten Gillibrand says a nineteen story building that was ravaged

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Speaker 1: by a deadly fire earlier this month should not be

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Speaker 1: exempt from having a sprinkler system installed, no matter how

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Speaker 1: old it is. Senator Gillibrand toured the nineteen story build

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Speaker 1: Holding and the Bronx where seventeen people were killed. We

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Speaker 1: also learned from the firefighters that an old building like

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Speaker 1: this as grandfather didn't, doesn't have sprinklers. That's unacceptable. Senator

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Speaker 1: Gillibrand and Congressman Richie Tourists, who represents that section of

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Speaker 1: the Bronx where the fire happened, or sponsoring legislation to

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Speaker 1: have heat sensors and apartments. A year old report by

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Speaker 1: Washington's Afghanistan Watchdog has now been be classified and shows

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Speaker 1: that had worn back in early at the Afghan Air

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Speaker 1: Force would collapse without critical U s aid and training.

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Speaker 1: That was months before President Joe Biden announced the end

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Speaker 1: to America's longest war. Officials are still waiting to learn

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Speaker 1: the full extent of damage, number of casualties in the

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Speaker 1: Pacific island of Tanga after a series of undersea volcanic

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Speaker 1: eruptions triggered a powerful tsunami. Global News twenty four hours

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Speaker 1: a day on air and on Bloomberg Quicktake, powered by

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Speaker 1: more than twenty seven hundred journalists and analysts and more

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Speaker 1: than a hundred twenty countries. I'm Michael Barr. This is

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Speaker 1: Bloomberg Naked. Thanks Michael, coming up to sixth cent on

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Speaker 1: Wall Street time for the Bloomberg Sports Update. Here's Johnstown

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Speaker 1: thanks Nathan. Looked like Odell Beckham was going to be

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Speaker 1: a star wide out for the Giants for a long time.

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Speaker 1: The Giants came a big contract and then the recently

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Speaker 1: departed gentle manager Dave Gentleman famously said, well, we didn't

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Speaker 1: sign him, to trade him, and then he traded him

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Speaker 1: to Cleveland. Didn't work out there. Breckan went to the Rams.

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Speaker 1: He was a big factor in their playoff win. Last night.

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Speaker 1: Here comes to sat to Stafford, Look, you left, probably

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Speaker 1: left the fade to oh b JD with a two

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Speaker 1: hited crowd cuts down, oh b J cut down radio call.

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Speaker 1: Beckham later through a forty yard passed. The Rams led

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Speaker 1: the Cardinals twenty eight and nothing. They won thirty four

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Speaker 1: to eleven. Matthew Stafford, his first season in l A,

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Speaker 1: does something he never did in his twelve years in Detroit.

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Speaker 1: He wins a playoff game and the Rams go to

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Speaker 1: Tampa Bay on Sunday. The Giants search to replace Ace.

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Speaker 1: Kettleman has seen them conduct nine zoom interviews. Reportedly, they've

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Speaker 1: cut the field to five, will not begin to bring candidates.

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Speaker 1: And Nixon won three in a row, five straight at home,

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Speaker 1: and Charlotte was without it's young star LaMelo Ball. Yet

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Speaker 1: that's the guard and the Hornets won easily. Nineties seven

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Speaker 1: eighties seven was only that close as the Knicks made

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Speaker 1: up some grandits end. Miles Bridges thirty eight points for

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Speaker 1: the Hornets. He had twenty two in the first quarter.

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Speaker 1: Another home game tonight, Nixon, Minnesota. The Nets without the

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Speaker 1: injured Kevin Durant lost at Cleveland one fourteen to one

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Speaker 1: oh seven. Katie is gonna be out for the next

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Speaker 1: four to six weeks. The Islanders coming on up to

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Speaker 1: the slow start of four one win over in Philadelphia

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Speaker 1: Battle of Brooklyn. L I. You beat St. Francis Dan

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Speaker 1: Daniel Medvedev's he went up the Australian Open. He's now

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Speaker 1: the top seed without Novak Djokovic. Layla Fernandez lost her

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Speaker 1: first round match. She went to last year's US Open.

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Speaker 1: Fun John stash Award Bloomberg Sports Nathan, thank you John

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Speaker 1: SMP futures down down fifty three points, sound features down

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Speaker 1: twountre sixty six n that futures are lower by two

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Speaker 1: eighty seven points. The ten year down seven thirty seconds

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Speaker 1: yield one point eight zero percent. You're listening to Bloomberg

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Speaker 1: k r dot com. Slash crypto. Treasury yields are surging,

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Speaker 1: nowsdack Future is tumbling, and global stocks being dragged down

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Speaker 1: by concern that central banks will have to raise rates

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Speaker 1: sooner than expected. If we checked the markets every fifteen

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Speaker 1: minutes about the trading day on Bloomberg, SMP future is

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Speaker 1: down fifty three points this morning, down features down two

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Speaker 1: hundred sixty nine, nasdack futures down two hundred seventy seven,

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Speaker 1: down one point eight percent. The decks in Germany's down

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Speaker 1: one point to percent ten your treasury down seven thirty seconds.

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Speaker 1: He had one point eight zero percent. They yield on

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Speaker 1: the two year one point oh three percent. Nine x

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Speaker 1: Screwed oil is up one point eight percent, up a

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Speaker 1: dollar forty seven at eighty five dollars twenty nine cents

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Speaker 1: of barrel comes goal down three tons per cent or

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Speaker 1: five dollars fifty cents at eighteen eleven. Announced the euro

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Speaker 1: one point one three nine zero against the dollar, British

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Speaker 1: bound one point three six one four, the unit one

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Speaker 1: fourteen point seven zero, and bitcoin this morning at forty

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Speaker 1: one thousand, nine hundred dollars and Goldman Saxes among companies

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Speaker 1: schedule to report earnings today. That's a Bloomberg business flash down.

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Speaker 1: Here's Michael Barr with more on what's going on around

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Speaker 1: the world. Muckel Karen, thank you very much. Senators are

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Speaker 1: returning to Washington under intense pressure to cast voting legislation

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Speaker 1: in the face of star criticism from civil rights leaders.

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Speaker 1: The Senate is sent to launch debate today after civil

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Speaker 1: rights leaders implored them to change the rules and break

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Speaker 1: a Republican led filibuster that has stalled the voting bill.

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Speaker 1: A trade association representing major US airlines asked Transportation Secretary

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Speaker 1: Pete Budajage and the nation's top communications and aviation regulators

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Speaker 1: to prevent wireless carriers from implementing five g S services

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Speaker 1: close to airports. In the NFL, the Rams rolled over

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Speaker 1: the Cardinals thirty four eleven. So here is the breakdown

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Speaker 1: for the divisional round playoffs. In the NFC, the Rams

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Speaker 1: face Tampa Bay. Green Bay hosts the forty Niners. In

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Speaker 1: the a f C, the Bengals are at the Titans,

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Speaker 1: the Bills are at the Chiefs. In the NBA, the

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Speaker 1: Next and Nets lost the Celtics and Wizards won. In

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Speaker 1: the NHL, the Islanders won Global news twenty four hours

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Speaker 1: a day on air and on Bloomberg Quicktake, powered by

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Speaker 1: more than twenty d journalists and analysts and more than

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Speaker 1: a hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, Okay, Michael,

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Speaker 1: thanks for coming up to six twenty on Wall Street

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Speaker 1: Line from the Bloomberg Interactive Broker Studios. This is Bloomberg

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Speaker 1: day Break. We want to get an update on the

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Speaker 1: pandemic now as we're starting to see debate building over

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Speaker 1: whether the omicron variant is going to be what brings

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Speaker 1: us from the pandemic to an endemic when it comes

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Speaker 1: to COVID nineteen. Let's get some insights now from Gig

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Speaker 1: ground Wall, professor at the Johns Hopkins Bloomberg School of

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Speaker 1: Public Health. I want to get right into this, Dr Groundwall.

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Speaker 1: Dr Fauci says it's too soon to say whether O

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Speaker 1: macron is the variant that makes COVID endemic. At the

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Speaker 1: same time, we've heard from the CEO of findser Albert Borla,

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Speaker 1: saying we may get somewhere closer to normal by the spring.

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Speaker 1: Where do you see things going in terms of the pandemic, Well,

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Speaker 1: I think both of those things could be sort of true.

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Speaker 1: We we really don't know where things are going to go.

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Speaker 1: UM there's no law of nature that says that there

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Speaker 1: couldn't be another variant of concern that will have to

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Speaker 1: deal with. But omicron is going to keep causing in

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Speaker 1: fact sin well, and it's not quite done with the

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Speaker 1: world yet too, So I don't think we're really at

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Speaker 1: an endemic stage. But hopefully UM there will be a

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Speaker 1: lot more immunity in our population at the end of

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Speaker 1: this UM so that we can be a little bit

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Speaker 1: closer to normal. What do you look for to determine

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Speaker 1: whether we are getting closer to the endemic phase. I

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Speaker 1: would like to see hospitals not be quite so strained

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Speaker 1: um right now, we have so many new infections that

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Speaker 1: are landing people in the hospitals. Thankfully, macron is um

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Speaker 1: is milder than delta, but perhaps not much milder than

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Speaker 1: the original version of of stars copy too, So we

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Speaker 1: we need to still try to convince those who haven't

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Speaker 1: yet that vaccination is going to save their lives and

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Speaker 1: uh and and also save our healthcare because lots of

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Speaker 1: lots of surgeries and things that people really need to

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Speaker 1: have done are being canceled right now because hospitals can't do.

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Speaker 1: When we see O macron apparently presenting as less severe

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Speaker 1: than earlier, strange, what does that say about what the

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Speaker 1: next variant could look like? The next variant of concern

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Speaker 1: couldn't go one way or the other. Well, virus is

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Speaker 1: evolved to be more transmissible. They evolved to to cause

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Speaker 1: more infections UM, to be able to spread further. That's

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Speaker 1: that's how that's part of their their fitness UM. They

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Speaker 1: how how much damage they do to the host. UM

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Speaker 1: is really pre variable. So there's no there's no reason

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Speaker 1: why another variant couldn't be more dangerous than a macron,

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Speaker 1: but um, hopefully it won't. And there's really just a

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Speaker 1: matter of surveillance and trying to pick this up as

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Speaker 1: soon as possible. Where do you see our surveillance looking

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Speaker 1: right now? Are are we doing adequate surveillance of COVID

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Speaker 1: as a country? We are sequencing a lot of samples, UM,

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Speaker 1: a lot more than we had before. The problem is

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Speaker 1: is the delay, Um, the the information is not getting

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Speaker 1: to the hands of public health as quickly as as

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Speaker 1: would be ideal. UM. I think part of that is

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Speaker 1: because we don't have this in the public health departments

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Speaker 1: we have UM, we still have public health departments that

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Speaker 1: that hopefully not too many that use tax machines. So

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Speaker 1: it's it's really about we need to modernize the public

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Speaker 1: health so that they can use these tools and so

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Speaker 1: the decision time isn't as long. In our last minute here,

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Speaker 1: Dr gran Vala want to get your reaction to a

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Speaker 1: new study out of Israel that suggests a fourth dose

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Speaker 1: of fiser beyond tech vaccine might not be effective against

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Speaker 1: oh macron, does that imply something about the need for boosters.

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Speaker 1: We will have to see. Um, they have very careful

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Speaker 1: controlled studies in Israel. They have a lot of data

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Speaker 1: on people so that they can monitor the effect of

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Speaker 1: these um, of these additional vaccine doses. Is um, it

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Speaker 1: looks If that's the case, then uh, then we'll have

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Speaker 1: to see whether a more specific booster, perhaps two a

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Speaker 1: macron that's designed to counter a macron or the next

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Speaker 1: variant or will be better. So UM, we have to

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Speaker 1: go with the data that we have. All right, thank

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Speaker 1: you as always. Gi grand Ball, Professor at the Johns

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Speaker 1: Hopkins Bloomberg School of Public Health, which is supported by

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Speaker 1: Michael Bloomberg, the founder and majority owner of Bloomberg Radio's

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Speaker 1: parent company, Bloomberg LP. Right now, SMP futures are down

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Speaker 1: fifty four points down, futures down two undred seventy five,

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Speaker 1: NAZAC futures down two point two eight two points. That's

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Speaker 1: a decline of one percent. The tenure Treasury is down

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Speaker 1: seven thirty seconds, the yield one point eight one percent,

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Speaker 1: yield on the two year one point zero three percent,

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Speaker 1: and i'm x screwed up one point seven percent, up

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Speaker 1: a dollar forty five at eighty five dollars twenty seven cents.

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Speaker 1: The barrel just had while the latest on the market

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Speaker 1: sell off and Goldman Sachs set to report earnings as

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Speaker 1: we check the five things you need to know to

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Speaker 1: start your day on Bloomberg Daybreak, Bloomberg eleven three oh

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Speaker 1: weather sunny, breezy, a high in your thirty five today,

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Speaker 1: mostly cloudy, mid forties, Tomorrow with a wintry mess Tomorrow night,

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Speaker 1: all end early Thursday, in turn, partly sunny with a

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Speaker 1: high in your thirty five currently thirty one degrees. Broadcasting

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Speaker 1: live from the Bloomberg Interactive Broker Studio in New York.

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Speaker 1: Bloomberg E living free to Washington, d C, Bloomberg N

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Speaker 1: one to Boston, Bloomberg one O six one to San Francisco,

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Speaker 1: Bloomberg sixty to the country, Sirius XM chto one nine team,

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Speaker 1: and around the globe to Bloomberg Business app and Bloomberg

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Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's six thirty

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Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm

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Speaker 1: Karen Moscow. We're just about three hours away from the

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Speaker 1: open of US trading. Time for the five things you

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Speaker 1: need to know to start your day. Brought to you

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00:21:01,760 --> 00:21:06,120
Speaker 1: by Interactive Brokers Global Analyst. Global Analysts helps you find

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Speaker 1: undervalued companies. Try Global Analysts today at I b k

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Speaker 1: R dot com slash g a up. First, stocks are

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Speaker 1: falling and treasury yields are climbing to begin the week.

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Speaker 1: Can we get the details live with the Bloomberg's John

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Speaker 1: Tucker John Karen Markets pricing in a more aggressive rate

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Speaker 1: high path from the fat as it looks to stomp

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Speaker 1: out inflation to year treasury yields staring above one percent

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Speaker 1: for the first time since twenty Higher rates mean future

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Speaker 1: company profits are worthless. I'm not hurting growth stocks right now.

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Speaker 1: Now's their futures down one point eight percent. And JP

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Speaker 1: Morgan's fixed income chief Bob Michael is warning stock bulls

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Speaker 1: not to believe the Central Bank will meet every market

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Speaker 1: hiccup with easier policy line than New York. I'm John Tucker,

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Speaker 1: Bloomberg Radio and John Oil is extending games this morning,

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Speaker 1: hitting the highest level in more than seven years. Geopolitical

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Speaker 1: tensions in the Middle East and easing concerns about the

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Speaker 1: pen emmac are being cited for the search. Right now,

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Speaker 1: Nimex screws up one point seven percent at eighty five

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Speaker 1: dollars twenty seven cents of barrel, while Brent is up

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Speaker 1: one point three percent at eighty seven dollars fifty nine cents. Nathan.

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Speaker 1: Fourth quarter earning season cakes into high gear this week.

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Speaker 1: Goldman SAX reports This morning, we get more from Bloomberg's

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Speaker 1: Larry Kovsky. Goldman's investment banking fee strength will be a highlight.

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Speaker 1: According to Bloomberg Intelligence, Trading revenue should be solid, with

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Speaker 1: equity is doing better relative to fixed income compared to

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00:22:27,440 --> 00:22:31,919
Speaker 1: a year ago. Costs, especially compensation trends, will help gauge

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Speaker 1: the profitability outlook for two Laury Kowsky, Bloomberg day Break.

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Speaker 1: All right, Larry, thanks, turning to the pandemic. Now, we're

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Speaker 1: getting early results from an Israeli study involving a fourth

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Speaker 1: vaccine does so, let's get the latest lie from Bloomberg.

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Speaker 1: Jonita Young, Granita Nathan. A trial in Israel shows that

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Speaker 1: a fourth dose of Visor's COVID nineteen vaccine only offered

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00:22:50,720 --> 00:22:54,400
Speaker 1: partial defense against the omicron variant, and overall, the lead

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Speaker 1: researchers says shots which were more effective against previous strains,

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00:22:58,119 --> 00:23:01,160
Speaker 1: offered less protection with O macron, but it's worth noting

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Speaker 1: that these in the study had only slight symptoms or

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Speaker 1: none at all. Israel started rolling out a fourth dose

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Speaker 1: to some residents back in December, but the lead researchers's

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Speaker 1: results did not support a wider rollout to the whole population.

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Speaker 1: Live in New York, I'm gonna need a Young Bloomberg daybreak,

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Speaker 1: need to thank you. Another story we're watching has depending

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Speaker 1: rollout of five G service hitting fresh roadblocks. US airlines

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Speaker 1: rewarding of catastrophic disruptions from tomorrow's scheduled deployment of five

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Speaker 1: G wireless service, A trade organization urged government regulators to

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Speaker 1: prevent five G from being implemented within two miles of

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Speaker 1: anywhere aircraft fly. And it's now six thirty three on

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Speaker 1: Wall Street, thirty one degrees in Central Park. We're still

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Speaker 1: dealing with a crash on the westbound l I E

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Speaker 1: at Junction Boulevard. Details coming up in Traffic. First Michael

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Speaker 1: Barr with more on what's going on in New York

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Speaker 1: and around the world. Good morning, Michael, Good morning, Nathan.

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Speaker 1: Police in New York City say the man accused of

429
00:23:53,960 --> 00:23:56,200
Speaker 1: killing a woman by pushing her into the path of

430
00:23:56,240 --> 00:23:59,720
Speaker 1: a subway is expected to be arraigned. Marshall Simon, who

431
00:23:59,760 --> 00:24:02,520
Speaker 1: was Ulissa, is under police guard in a hospital for

432
00:24:02,600 --> 00:24:05,560
Speaker 1: killing forty year old Michelle Goes Saturday morning in the

433
00:24:05,640 --> 00:24:09,480
Speaker 1: Times Square subway station. Go did volunteer work to help

434
00:24:09,520 --> 00:24:15,480
Speaker 1: the homeless. New York Junior League President Dana Cassidy compassionate

435
00:24:15,920 --> 00:24:20,879
Speaker 1: soul who wanted to be rewarded by that direct impact

436
00:24:20,960 --> 00:24:25,720
Speaker 1: in directly working with those individuals. Junior League President Cassidy

437
00:24:25,800 --> 00:24:30,000
Speaker 1: says Go was also a consultant with a management firm, Deloitte.

438
00:24:30,440 --> 00:24:33,960
Speaker 1: New York City Mayor Eric Adams is enjoying high favorability

439
00:24:34,080 --> 00:24:36,920
Speaker 1: ratings in his first couple of weeks in office. According

440
00:24:36,920 --> 00:24:40,159
Speaker 1: to a new Ciena poll out today, overall, six of

441
00:24:40,200 --> 00:24:43,879
Speaker 1: city residents have a positive impression of the former police captain,

442
00:24:44,160 --> 00:24:47,760
Speaker 1: compared to a fifth who have a negative opinion. Senators

443
00:24:47,760 --> 00:24:50,840
Speaker 1: are returning to Washington under intense pressure to pass voting

444
00:24:50,920 --> 00:24:54,919
Speaker 1: legislation in the face of star criticism from civil rights leaders.

445
00:24:55,200 --> 00:24:58,520
Speaker 1: The Senate set to launch debate today after pressure to

446
00:24:58,640 --> 00:25:01,199
Speaker 1: change the rules and break a public and led filibuster

447
00:25:01,560 --> 00:25:04,760
Speaker 1: that installed the voting bill. Members of the College Ville,

448
00:25:04,840 --> 00:25:08,480
Speaker 1: Texas synagogue that was the scene of a hostage siege Saturday,

449
00:25:08,480 --> 00:25:11,600
Speaker 1: held a healing ceremony last evening. Four members of the

450
00:25:11,640 --> 00:25:15,160
Speaker 1: Congregation Beth Israel, including the rabbi, were held for ten

451
00:25:15,160 --> 00:25:19,520
Speaker 1: hours before escaping unharmed. Rabbi Charlie Creighton Walker led the service.

452
00:25:19,960 --> 00:25:26,320
Speaker 1: We stand together against hatred, bigotry and violence. We stand

453
00:25:26,400 --> 00:25:30,920
Speaker 1: together and love and support of each other. The suspect,

454
00:25:31,000 --> 00:25:35,520
Speaker 1: identified as British national Malik Faissil Akram, died at the scene.

455
00:25:36,000 --> 00:25:38,760
Speaker 1: Athletes headed to the Olympics next month of being warned

456
00:25:38,760 --> 00:25:42,440
Speaker 1: about the security of their cell phones Bloomberg's said Baxter reports.

457
00:25:42,480 --> 00:25:45,040
Speaker 1: The athletes are being told that the Great Firewall will

458
00:25:45,080 --> 00:25:48,480
Speaker 1: be partially disabled inside their Olympic bubble and they will

459
00:25:48,520 --> 00:25:51,800
Speaker 1: have access to Facebook and YouTube. But along with that,

460
00:25:51,960 --> 00:25:54,720
Speaker 1: the US and allies are warning that some companies that

461
00:25:54,760 --> 00:25:59,800
Speaker 1: accuses of installing spyware and malware already are Olympic sponsors,

462
00:26:00,119 --> 00:26:02,600
Speaker 1: and that they could spy and affect phone usage in

463
00:26:02,640 --> 00:26:06,040
Speaker 1: the future. Larry Diamond, senior fellow at the Hoover Institution,

464
00:26:06,160 --> 00:26:09,560
Speaker 1: suggests buying a cheap burner phone to use and leaving

465
00:26:09,560 --> 00:26:13,720
Speaker 1: the expensive smartphones at home in San Francisco. I met

466
00:26:13,760 --> 00:26:16,480
Speaker 1: Baxter Bloomberg Gay Break Global News twenty four hours a

467
00:26:16,560 --> 00:26:19,240
Speaker 1: day on air and on Bloomberg Quick Take, powered by

468
00:26:19,280 --> 00:26:22,159
Speaker 1: more than twenty seven under journalists and analysts more than

469
00:26:22,160 --> 00:26:25,040
Speaker 1: a hundred twenty countries. Michael Barr, This is Bloomberg, Nathan,

470
00:26:25,160 --> 00:26:32,200
Speaker 1: Thanks Michael. Just about six thirty six on Wall Street.

471
00:26:32,200 --> 00:26:34,520
Speaker 1: Time for the Bloomberg Sports Update. Here's John Stash hour

472
00:26:34,640 --> 00:26:37,000
Speaker 1: and eight to the first ever Monday night playoff game.

473
00:26:37,080 --> 00:26:39,200
Speaker 1: How much of a game? The fourth flowout of wild

474
00:26:39,200 --> 00:26:41,639
Speaker 1: Card Weekend where home teams won five and one in

475
00:26:41,840 --> 00:26:43,880
Speaker 1: l a side of next month Super Bowl. The Rams

476
00:26:43,920 --> 00:26:47,439
Speaker 1: beat the slumping Cardinals Matthew Stafford's first career playoff victory

477
00:26:47,520 --> 00:26:51,280
Speaker 1: through two touchdowns for Kyler Murray, two interceptions. One was cast.

478
00:26:51,320 --> 00:26:53,399
Speaker 1: I need a call for hurried to his rot takes

479
00:26:53,440 --> 00:26:56,280
Speaker 1: us that sets the laces, bounces in the pocket, hit

480
00:26:56,320 --> 00:27:02,720
Speaker 1: from behind, clocked it forward, intercepted, intercepted David Long Junior

481
00:27:03,280 --> 00:27:06,760
Speaker 1: flux it at the one. He's got an interception return

482
00:27:06,840 --> 00:27:09,760
Speaker 1: for a touchdown. Lams Radio the call Rams one thirty

483
00:27:09,800 --> 00:27:12,520
Speaker 1: four to eleven hild Arizona just a hundred eighty three

484
00:27:12,560 --> 00:27:14,760
Speaker 1: yards of offense. The Cardinals began the year seven and oh.

485
00:27:14,920 --> 00:27:17,560
Speaker 1: Just last month they were in NFL Best ten and two,

486
00:27:17,840 --> 00:27:20,040
Speaker 1: and then they finished going one in five. The Rams

487
00:27:20,040 --> 00:27:22,520
Speaker 1: advanced play Sunday at Tampa Bay. The Raiders fired Joinal,

488
00:27:22,560 --> 00:27:25,520
Speaker 1: manager of Mike Mayock, not knowing about Rich Casaccia, who

489
00:27:25,520 --> 00:27:28,080
Speaker 1: finished the season as interim coach. The Cowboys say no

490
00:27:28,240 --> 00:27:31,560
Speaker 1: plans to fire. Mike mccarthon w to play for the loss.

491
00:27:31,680 --> 00:27:34,439
Speaker 1: MLK mattenee at the Garden, one of the knicks worst games,

492
00:27:34,440 --> 00:27:36,719
Speaker 1: trailed Charlotte by eighteen at the half. The Hornet's one

493
00:27:36,800 --> 00:27:39,680
Speaker 1: nineties seven, eighties seven Miles bridges for the career I

494
00:27:39,800 --> 00:27:43,040
Speaker 1: thirty eight Knicks smith ten free throws at fifteen turnovers

495
00:27:43,240 --> 00:27:46,000
Speaker 1: their home again tonight playing Minnesota next began life without

496
00:27:46,000 --> 00:27:48,639
Speaker 1: the injured Kevin Iran lost in Cleveland one fourteen one

497
00:27:48,640 --> 00:27:51,840
Speaker 1: oh seven. Kyrie Irby led Brooklyn with twenty seven nets.

498
00:27:51,840 --> 00:27:53,480
Speaker 1: Are playing a lot of road games right now and

499
00:27:53,560 --> 00:27:55,840
Speaker 1: they are the only games that Irby can play there

500
00:27:55,840 --> 00:27:59,440
Speaker 1: in Watsonton Tomorrow, Islanders at home beat Philadelphia four to one.

501
00:27:59,480 --> 00:28:01,480
Speaker 1: Got to with an game a five in San Jose,

502
00:28:01,600 --> 00:28:04,560
Speaker 1: a club record five goals with a Shark's team. Oh myyer,

503
00:28:04,640 --> 00:28:06,680
Speaker 1: he had a hat trick bill in the first period.

504
00:28:06,920 --> 00:28:10,200
Speaker 1: John Scary Shoulder Bloomberg swards something all right, John, Thanks

505
00:28:10,200 --> 00:28:12,120
Speaker 1: sixty seven On Wall Street, time to take a look

506
00:28:12,119 --> 00:28:14,080
Speaker 1: at stocks. Some of the names moving in the pre

507
00:28:14,200 --> 00:28:17,200
Speaker 1: market as the sell off continues were joined by Bloomberg.

508
00:28:17,320 --> 00:28:20,960
Speaker 1: Radio and TV markets correspondent Creedy Gufta. So we are

509
00:28:20,960 --> 00:28:23,679
Speaker 1: seeing a broad equity sell off this morning, Creedy, And

510
00:28:23,720 --> 00:28:27,120
Speaker 1: I'm sure you're watching bank stocks ahead of Goldman earnings

511
00:28:27,160 --> 00:28:29,760
Speaker 1: exactly well abroad sell off. Indeed, you would think that

512
00:28:29,800 --> 00:28:31,879
Speaker 1: with those yield hired that would mean the financials are

513
00:28:31,920 --> 00:28:34,399
Speaker 1: highed to. They are not, Nathan, especially as you come

514
00:28:34,400 --> 00:28:36,840
Speaker 1: across those earnings. A lot of that kind of uh

515
00:28:37,200 --> 00:28:40,040
Speaker 1: expectations built in from last week's earning story. And gonna

516
00:28:40,040 --> 00:28:41,960
Speaker 1: look at Goldman sacks here, because that's the big bank

517
00:28:42,000 --> 00:28:44,080
Speaker 1: everyone's waiting for this morning. G s as your ticker

518
00:28:44,160 --> 00:28:46,400
Speaker 1: down four tenths of a percent. P n C is

519
00:28:46,400 --> 00:28:47,760
Speaker 1: the other regional one that you want to keep an

520
00:28:47,800 --> 00:28:50,000
Speaker 1: eye on. P n C is also the ticker down

521
00:28:50,160 --> 00:28:52,520
Speaker 1: two point six percent. In the pre market. Like you said,

522
00:28:52,640 --> 00:28:55,760
Speaker 1: with yields higher, the expectation was that financials should be

523
00:28:55,840 --> 00:28:59,000
Speaker 1: higher as well. But yeld curve is also flattening, which

524
00:28:59,000 --> 00:29:02,040
Speaker 1: would affect those interest rate margins that you would get

525
00:29:02,040 --> 00:29:05,400
Speaker 1: on those loans, especially after last week's big earnings Miss JP,

526
00:29:05,480 --> 00:29:09,240
Speaker 1: Morgan City, Wells, Fargo, Uh, some kind of not so whatever.

527
00:29:09,240 --> 00:29:12,080
Speaker 1: The optim the opposite of optimisms pessimism. There. You got

528
00:29:12,200 --> 00:29:15,680
Speaker 1: some pessimism going into Goldman's earnings this morning. That being said,

529
00:29:15,680 --> 00:29:17,960
Speaker 1: you also have some pessimism when it comes to those

530
00:29:18,000 --> 00:29:20,720
Speaker 1: big texts. Apple, for example, A A P L is

531
00:29:20,720 --> 00:29:24,040
Speaker 1: your taker, down one point seven percent in the pre market.

532
00:29:24,200 --> 00:29:26,440
Speaker 1: M S f T is a taker from Microsoft. Uh.

533
00:29:26,560 --> 00:29:29,200
Speaker 1: Down two percent. Apple and Microsoft, you're actually two of

534
00:29:29,280 --> 00:29:32,000
Speaker 1: dan Ives calls that he's still bullish on. Remember, we'd

535
00:29:32,000 --> 00:29:34,000
Speaker 1: like to separate those from the pack simply because they

536
00:29:34,040 --> 00:29:37,320
Speaker 1: are hardcore tech companies as opposed to more media companies

537
00:29:37,360 --> 00:29:40,680
Speaker 1: like Facebook. For example, speaking of Facebook shares, where I

538
00:29:40,680 --> 00:29:43,400
Speaker 1: should say meta platform shares, FB is still the taker,

539
00:29:43,440 --> 00:29:45,960
Speaker 1: though down two percent in the pre market. Once again,

540
00:29:46,000 --> 00:29:48,000
Speaker 1: as you see, yield hire tech is going to be

541
00:29:48,080 --> 00:29:50,960
Speaker 1: extremely responsive, but right now a lot of selling is

542
00:29:51,080 --> 00:29:54,160
Speaker 1: coming from those hedge funds, Nathan, along with higher yields creative.

543
00:29:54,160 --> 00:29:56,600
Speaker 1: Of course, we're watching a big gains a rally in

544
00:29:56,640 --> 00:30:00,920
Speaker 1: the oil market this morning. What's that mean for energy stocks. Yeah,

545
00:30:00,960 --> 00:30:03,640
Speaker 1: the one part of the market that's actually showing some

546
00:30:03,760 --> 00:30:05,720
Speaker 1: green this morning. And this is really important because this

547
00:30:05,760 --> 00:30:08,040
Speaker 1: actually has once again to do with hedge funds. It

548
00:30:08,040 --> 00:30:09,920
Speaker 1: said hedge funds are driving the selling in tech. Well,

549
00:30:09,920 --> 00:30:12,680
Speaker 1: they're also boosting their positions and oil. Part of that

550
00:30:12,720 --> 00:30:14,920
Speaker 1: is that inflationary called the idea that the account of

551
00:30:14,960 --> 00:30:18,000
Speaker 1: the global economy still needs oil, it's still recovering. The

552
00:30:18,040 --> 00:30:20,880
Speaker 1: other part of it is simply a geopolitical tensions hoothy

553
00:30:20,920 --> 00:30:24,240
Speaker 1: rebels sending some drone strikes into the u a E.

554
00:30:24,400 --> 00:30:27,640
Speaker 1: And some concerns that Russia can't meet its production obligations.

555
00:30:27,840 --> 00:30:30,480
Speaker 1: All that boosting oil prices, and that is trickling into

556
00:30:31,160 --> 00:30:34,040
Speaker 1: the energy space. Like you mentioned, Occidental o x Y

557
00:30:34,160 --> 00:30:35,360
Speaker 1: is going to be the ticker you want to keep

558
00:30:35,360 --> 00:30:37,120
Speaker 1: an eye on, up one point two percent in the

559
00:30:37,120 --> 00:30:40,320
Speaker 1: pre market, Apache as well, a p A up just

560
00:30:40,400 --> 00:30:43,280
Speaker 1: shy of two percent, and lastly Devon Energy dv and

561
00:30:43,760 --> 00:30:46,239
Speaker 1: up six tenths of a percent Nathan, thanks for this.

562
00:30:46,360 --> 00:30:49,320
Speaker 1: Crety Bloomberg Radio on TV. Markets correspondent Credi Gupta with

563
00:30:49,400 --> 00:30:52,600
Speaker 1: us this morning as we watch the selling continue more

564
00:30:52,720 --> 00:30:56,520
Speaker 1: broadly across the market. SMP futures are down fifty one point,

565
00:30:56,600 --> 00:31:00,000
Speaker 1: staff features down two fifties six NASDAC features are lower

566
00:31:00,040 --> 00:31:02,680
Speaker 1: by two d seventy four points. The tenure Treasury is

567
00:31:02,760 --> 00:31:06,040
Speaker 1: down eight thirty seconds. The yield one point eight one percent,

568
00:31:06,160 --> 00:31:09,160
Speaker 1: yield on the two year point one point zero three percent,

569
00:31:09,720 --> 00:31:12,920
Speaker 1: and nimex screwed up one percent, up a dollar forty

570
00:31:12,960 --> 00:31:16,120
Speaker 1: nine eight five thirty one for a barrel of West

571
00:31:16,160 --> 00:31:24,640
Speaker 1: Texas Intermediate. This is Bloomberg Bloomberg eleven three oh weather sunny, breezy,

572
00:31:24,720 --> 00:31:27,280
Speaker 1: the high only near thirty five today, mid forties, mostly

573
00:31:27,280 --> 00:31:30,360
Speaker 1: cloudy tomorrow, wintry mess tomorrow night. It clears out on

574
00:31:30,440 --> 00:31:33,760
Speaker 1: a Thursday, partly sunny, high your thirty five degrees right

575
00:31:33,760 --> 00:31:40,120
Speaker 1: now thirty one Markets headlines and breaking news twenty four

576
00:31:40,120 --> 00:31:43,200
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business

577
00:31:43,200 --> 00:31:46,400
Speaker 1: apt and at Bloomberg Quick Tape. This is a Bloomberg

578
00:31:46,480 --> 00:31:55,880
Speaker 1: Business flash, and I'm Cameron Moscow and futures are following

579
00:31:55,960 --> 00:31:58,160
Speaker 1: this morning. We had the first word breaking news dask

580
00:31:58,200 --> 00:32:00,600
Speaker 1: for today's morning call. Here's Bill Malow need Bill, good

581
00:32:00,600 --> 00:32:04,440
Speaker 1: morning and good morning, Karen. That's right. US features are

582
00:32:04,520 --> 00:32:07,320
Speaker 1: under pressure and made a jump in global bond yields.

583
00:32:07,480 --> 00:32:09,960
Speaker 1: Do doubt you just currently down two dty five points

584
00:32:09,960 --> 00:32:12,080
Speaker 1: has to be dropped fifty with then azdec futures are

585
00:32:12,120 --> 00:32:15,960
Speaker 1: lower by two and sixty four. The US ten U

586
00:32:16,040 --> 00:32:19,040
Speaker 1: yield at one point eight two, Gold is down seven

587
00:32:19,320 --> 00:32:22,000
Speaker 1: and oil is climbing with Brent jumping to the highest

588
00:32:22,080 --> 00:32:26,880
Speaker 1: level since Bitcoin is little change, while RPM markets are

589
00:32:26,960 --> 00:32:29,280
Speaker 1: also in the red this morning and back in the

590
00:32:29,400 --> 00:32:32,719
Speaker 1: US on the economic Frinday thirty Empire Manufacturing and at

591
00:32:32,720 --> 00:32:36,440
Speaker 1: ten o'clock the NHB Housing market. The next. Regarding earnings

592
00:32:36,440 --> 00:32:39,360
Speaker 1: this morning, look for Goldman Sachs report around seven thirty,

593
00:32:39,640 --> 00:32:41,840
Speaker 1: and in other news, Bank of New York Melon assets

594
00:32:41,880 --> 00:32:45,360
Speaker 1: under management, beat estimates, wrapping things up under Armor was

595
00:32:45,440 --> 00:32:48,280
Speaker 1: raised out perform at BMO, Dollar General cut to equal

596
00:32:48,280 --> 00:32:51,200
Speaker 1: weight at Morgan Stanley, and Conago was raised to buy

597
00:32:51,400 --> 00:32:54,640
Speaker 1: over at Goldman Sachs. Live from the first Cervating News

598
00:32:54,680 --> 00:32:56,880
Speaker 1: desk on Bill Maloney can all right, Bill, thank you,

599
00:32:56,920 --> 00:32:59,000
Speaker 1: and here live breaking news over her Bloomberg t have

600
00:32:59,080 --> 00:33:01,680
Speaker 1: squawk on your ermin. I'll escue you a w K

601
00:33:01,840 --> 00:33:04,320
Speaker 1: and that's a Bloomberg business Flash. Now here's Michael Barr

602
00:33:04,400 --> 00:33:07,120
Speaker 1: with more on what's going on around the world. Michael Karen,

603
00:33:07,200 --> 00:33:10,000
Speaker 1: thank you very much. Later today, Senate Democrats will force

604
00:33:10,040 --> 00:33:12,280
Speaker 1: a vote on the right to vote in every state,

605
00:33:12,320 --> 00:33:16,240
Speaker 1: even though the final bill will likely fail. Since the election,

606
00:33:16,360 --> 00:33:20,600
Speaker 1: nineteen states have passed thirty four bills restricting access to voting.

607
00:33:20,960 --> 00:33:23,000
Speaker 1: A fourth dose of the fives are by in Tech

608
00:33:23,080 --> 00:33:26,800
Speaker 1: vaccine was insufficient to prevent infection with the omicron variant

609
00:33:26,840 --> 00:33:29,920
Speaker 1: of COVID nineteen. That's according to preliminary data from a

610
00:33:29,960 --> 00:33:33,000
Speaker 1: trial in Israel. In the NFL, the Rams rolled over

611
00:33:33,000 --> 00:33:36,520
Speaker 1: the Cardinals thirty four eleven. In the NBA, the Nix

612
00:33:36,600 --> 00:33:39,280
Speaker 1: and Nets lost, the Celtics and Wizards won. In the NHL,

613
00:33:39,360 --> 00:33:42,760
Speaker 1: the Islanders won Global news twenty four hours a day

614
00:33:42,800 --> 00:33:46,360
Speaker 1: on air and on Bloomberg Quickdake, powered by more than

615
00:33:46,440 --> 00:33:48,920
Speaker 1: twenty seven under journalist and analysts more than a hundred

616
00:33:48,960 --> 00:33:53,480
Speaker 1: twenty countries. Michael Barr, this is Bloomberg. The following commentary

617
00:33:53,600 --> 00:33:57,680
Speaker 1: is from Bloomberg Opinion. How the pandemic ripped a hole

618
00:33:58,000 --> 00:34:01,880
Speaker 1: in working age America. I'm justin Fox, a columnist for

619
00:34:01,880 --> 00:34:06,400
Speaker 1: Bloomberg Opinion. Deaths among working age Americans were up more

620
00:34:06,400 --> 00:34:10,160
Speaker 1: than fort over pre pandemic averages last summer and fall.

621
00:34:10,520 --> 00:34:13,279
Speaker 1: For a few weeks in August and September, they were

622
00:34:13,360 --> 00:34:16,560
Speaker 1: up by more than six Most of these excess deaths

623
00:34:16,840 --> 00:34:20,799
Speaker 1: were directly attributed to COVID nineteen many that weren't. We're

624
00:34:20,840 --> 00:34:25,320
Speaker 1: probably COVID related for Americans. Overall, the summer COVID wave

625
00:34:25,760 --> 00:34:29,320
Speaker 1: was less deadly than last winters. For those under sixty five,

626
00:34:29,640 --> 00:34:33,040
Speaker 1: it was much worse. The most obvious explanation is simply

627
00:34:33,040 --> 00:34:35,600
Speaker 1: that those under sixty five are less likely to be

628
00:34:35,680 --> 00:34:39,800
Speaker 1: vaccinated against COVID than their elders. COVID deaths among working

629
00:34:39,840 --> 00:34:44,040
Speaker 1: age adults have been almost entirely among the unvaccinated, and

630
00:34:44,080 --> 00:34:47,080
Speaker 1: the overall increase in deaths was much higher in low

631
00:34:47,200 --> 00:34:50,680
Speaker 1: vax states than HIV as ones. Life insurers have taken

632
00:34:50,800 --> 00:34:53,960
Speaker 1: note and have been raising premiums in low vax areas.

633
00:34:54,400 --> 00:34:57,880
Speaker 1: I'm justin Fox. For more opinion, please go to Bloomberg

634
00:34:58,000 --> 00:35:00,759
Speaker 1: dot com, Slash Opinion or O P I N go

635
00:35:01,080 --> 00:35:04,920
Speaker 1: on the Bloomberg terminal. These has been Bloomberg Opinion and

636
00:35:04,960 --> 00:35:07,839
Speaker 1: Bloomberg Opinion commentaries can be heard every weekday at this

637
00:35:07,920 --> 00:35:10,640
Speaker 1: time and terminal customers can read more at O p

638
00:35:10,920 --> 00:35:13,600
Speaker 1: I n go. It is six fifty on Wall Street.

639
00:35:13,640 --> 00:35:16,000
Speaker 1: Returned to news and science and Technology now with a

640
00:35:16,000 --> 00:35:19,160
Speaker 1: Bloomberg n j I T STEM report brought to you

641
00:35:19,280 --> 00:35:22,360
Speaker 1: buy New Jersey Institute of Technology, which announced that renowned

642
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Speaker 1: scholar and educational leader of Dr Tech Limb will join

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Speaker 1: the university is nj I T S ninth president. Learn

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00:35:29,120 --> 00:35:31,680
Speaker 1: more at n j I T dot e DU now

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Speaker 1: Here's what's making news and science, Technology, engineering and math.

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00:35:35,440 --> 00:35:38,000
Speaker 1: A study from Israel found that a fourth dose of

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00:35:38,080 --> 00:35:40,800
Speaker 1: the fiser bi on tech vaccine was not enough to

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Speaker 1: prevent infection by the Omicron variant. As you've been reporting.

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00:35:44,560 --> 00:35:48,160
Speaker 1: Researchers say the vaccine did raise antibody levels, but that

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00:35:48,280 --> 00:35:51,920
Speaker 1: only offered a partial defense against omicron. Get ready to

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00:35:51,960 --> 00:35:55,240
Speaker 1: learn more Greek letters. Scientists wore in that Omicron's whirlwind

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00:35:55,320 --> 00:35:58,680
Speaker 1: advance practically ensures it will not be the last version

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00:35:58,719 --> 00:36:02,520
Speaker 1: of the coronavirus to the world. Every infection provides a

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00:36:02,600 --> 00:36:05,359
Speaker 1: chance for the virus to mutate and Omicron has an

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00:36:05,480 --> 00:36:09,360
Speaker 1: edge over its predecessors. It spreads way faster despite emerging

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Speaker 1: on a planet with a stronger patchwork of immunity from

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00:36:12,120 --> 00:36:16,480
Speaker 1: vaccines and prior illness. And Asia's richest man is buying

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00:36:16,520 --> 00:36:20,000
Speaker 1: a majority stake in an India robotic startup company to

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00:36:20,080 --> 00:36:24,160
Speaker 1: fuel his tech ambitions. Billionaire Mukesh and Vonnie is investing

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00:36:24,160 --> 00:36:28,000
Speaker 1: in adverb Technologies, which uses robots to make e commerce,

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Speaker 1: warehouses and energy production more efficient. And Bonnie is investing

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00:36:31,640 --> 00:36:35,560
Speaker 1: in technology as competition from rivals such as Amazon intensifies

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00:36:35,840 --> 00:36:39,279
Speaker 1: in India's booming e commerce market, and as a Bloomberg

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Speaker 1: and j I t Stem report. Nathan thanks Karen Rely

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Speaker 1: from the Bloomberg Interactive Brokers Studios where it's just about

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Speaker 1: six fifty two on Wall Street Time now to check

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Speaker 1: what's going on in DC. Some of the top stories

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Speaker 1: in our nation's capital include the Senate getting ready to

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Speaker 1: debate voting rights after Martin Luther King Day march in Washington,

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00:36:55,719 --> 00:36:59,160
Speaker 1: vulnerable House democrats calling for a new strategy on build

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00:36:59,200 --> 00:37:03,160
Speaker 1: back Better, and a bipartisan Senate delegation meeting with leaders

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00:37:03,160 --> 00:37:06,120
Speaker 1: in Ukraine amid rising tensions with Russia. Let's bring in

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Speaker 1: Bloomberg government reporter Emily Wilkins for all that's happening in

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Speaker 1: the nation's capital following the Martin Luther King holiday. We

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00:37:13,000 --> 00:37:15,759
Speaker 1: are watching for that Senate debate on voting rights to

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Speaker 1: begin as soon as today. Emily, Yes, Senate is gonna

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Speaker 1: be back today and we do expect that debate to begin,

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00:37:22,960 --> 00:37:26,120
Speaker 1: um could potentially go into tomorrow, maybe even a little

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00:37:26,120 --> 00:37:28,920
Speaker 1: bit later in the week. This will sort of given

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00:37:28,960 --> 00:37:32,520
Speaker 1: the chance for lawmakers UM, Democrats and Republicans to talk

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Speaker 1: about the bill. For Democrats their support of the bill,

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Speaker 1: but it's ultimately going to wind up with the bill sailing. Uh.

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Speaker 1: It needs to clear another sixty vote threshold if it

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Speaker 1: wants to continue. Right now, it just doesn't have the

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Speaker 1: vote to do that. Even though all Democrats support the bill, um,

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00:37:50,760 --> 00:37:53,839
Speaker 1: they don't have those ten Republicans who support it as well.

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Speaker 1: And so this is something that when you talk to

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00:37:56,239 --> 00:37:59,239
Speaker 1: Democrats about the importance of this, they talk about the

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00:37:59,280 --> 00:38:02,000
Speaker 1: ability to debate the bill, to say their piece, to

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00:38:02,160 --> 00:38:05,160
Speaker 1: message on it a little bit um. But at this point,

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Speaker 1: there there's really no sign that this is going to

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Speaker 1: wind up changing any sort of laws. But what about

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Speaker 1: the idea of changing Senate rules to get the bill passed,

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Speaker 1: the idea of changes to the filibuster. What kind of

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Speaker 1: pressure is there on the Democrats who have been sort

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Speaker 1: of resistant to that idea. There is a lot of

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Speaker 1: pressure on senator's Doe Mansion and Kristen Sinema, But to

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Speaker 1: be honest, the pressure has been on them for a while.

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Speaker 1: And Senator Kristen Cinema made it very very clear right

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Speaker 1: before the Senate left on Thursday that she was not

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Speaker 1: going to be supportive of any sort of change to

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Speaker 1: the Senate filibuster rules, and you would need her support

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Speaker 1: to go along with things. It sounds like Joe Mansion

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00:38:45,600 --> 00:38:48,480
Speaker 1: is not sweet either. I mean, look, people talk about

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Speaker 1: putting pressure on Joe Mansion and Kristen Sema. I feel

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Speaker 1: like this has just been a huge theme of the

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Speaker 1: last year. Just put pressure on them, put pressure on them.

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Speaker 1: We've seen internal pressure, external pressure, pressure from the White House,

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00:38:59,640 --> 00:39:03,640
Speaker 1: pressure from their colleagues, pressure from activist groups. At this point,

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Speaker 1: there's really no indication to those of us who watch

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Speaker 1: and follow Congress that Mansion has moved at all on

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00:39:11,640 --> 00:39:14,960
Speaker 1: this issue. In fact, they seems he and Christians Unrestums

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00:39:15,040 --> 00:39:18,440
Speaker 1: have only grown grown further entrenched into the idea that

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Speaker 1: they need to keep the Fellarbuster as it is something

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Speaker 1: I know you're watching very closely. As well as progress

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Speaker 1: on President Biden's economic agenda. It seems like that have

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00:39:27,719 --> 00:39:29,640
Speaker 1: been pushed off to the side a little bit with

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Speaker 1: the focus now on voting rights. But we're starting to

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Speaker 1: hear a lot more calls from vulnerable Democrats in the

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Speaker 1: House heading into the mid terms for a change in

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Speaker 1: strategy so they can run on something when in terms

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Speaker 1: of an economic agenda, yeah, I mean, Democrats really do

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Speaker 1: want this build path. Even the Democrats who are a

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00:39:49,719 --> 00:39:52,440
Speaker 1: little more moderates might not be supportive on everything in

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00:39:52,480 --> 00:39:55,799
Speaker 1: the bill, realize that they're really components in there that

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Speaker 1: they can run on for their base, that Democratic voters want,

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00:39:59,040 --> 00:40:01,840
Speaker 1: and that they can really how to to their constituents

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00:40:01,880 --> 00:40:04,360
Speaker 1: back home. And so you are seeing them begin to

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00:40:04,440 --> 00:40:07,480
Speaker 1: ask to say, hey, let's go ahead and break this building.

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Speaker 1: Maybe let's move on with certain pieces of trying to

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Speaker 1: find another way to do this. We are are also

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Speaker 1: seen um reporting from Reuters this morning saying that the

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Speaker 1: White House is working on a new proposal for the

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Speaker 1: so called build dock better plan that would keep climate

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00:40:25,520 --> 00:40:28,320
Speaker 1: change measures, but it would peer down items like the

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Speaker 1: child text credit and pay family leave. And this is

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Speaker 1: really in line with what Senator Joe Manson was calling for.

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Speaker 1: He said that these programs should be much more targeted,

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Speaker 1: much more specific. UM. But he has been a supportive

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Speaker 1: of some of the climate provisions that are currently in

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Speaker 1: the legislation. So we're going to see White House officials

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Speaker 1: going up to Congress this week trying to talk with

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Speaker 1: members and and trying to make some progress on this bill.

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Speaker 1: In our last minute here Emily, before the Senate begins

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Speaker 1: the debate on voting rights. This week, a handful of

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Speaker 1: senators have been in Ukraine. Yes, five partisan group of

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Speaker 1: lawmakers went to Ukraine with the idea of showing the

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Speaker 1: US support and commerce is support for Ukraine as they

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Speaker 1: face these continuing tensions with Russia. UM. The lawmaker said it.

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Speaker 1: With their goal was just to send a very clear

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Speaker 1: message about where they stand if they stand with Ukraine. UM.

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Speaker 1: This comes as you know, there has been sort of

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Speaker 1: further tension UH, seeing Biden, UH and Putin have discussions.

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Speaker 1: You've seen the US kind of teams start to prepare

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00:41:30,400 --> 00:41:32,960
Speaker 1: and start to discuss what would happen in the event

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00:41:33,480 --> 00:41:35,959
Speaker 1: of an attack. You've heard a lot of discussion about

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Speaker 1: potential sanctions that the US would place on Russia if

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Speaker 1: there were to be a Ukrainian invasion, But certainly lawmakers

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00:41:43,480 --> 00:41:45,480
Speaker 1: are hoping that it that it does not get to

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Speaker 1: that point. Um once again, I mean deserved that. The

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Speaker 1: big picture here is that this has proved a distraction

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00:41:52,239 --> 00:41:54,960
Speaker 1: to some degree for President Biden for his ultimate goal

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00:41:55,000 --> 00:41:58,400
Speaker 1: of focusing on Beijing and focusing on China. But with

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Speaker 1: these troop build up at the border, it's something that

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00:42:01,000 --> 00:42:03,520
Speaker 1: he and Congress have really had to turn their attention to.

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Speaker 1: Heading into a very busy week in Washington as President

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00:42:06,719 --> 00:42:09,680
Speaker 1: Biden gets set to close out year one this week.

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Speaker 1: Bloomberg Government Report Emily Wilkins. Thanks for this. You can

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Speaker 1: read more at Bloomberg dot com or on the Bloomberg terminal.

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00:42:16,040 --> 00:42:20,200
Speaker 1: Listen to Bloomberg Radio in Washington Bloomberg and one oh

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00:42:20,200 --> 00:42:24,040
Speaker 1: five point seven FM h D two. Sell off continues

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00:42:24,160 --> 00:42:26,799
Speaker 1: for equity futures, S and P futures right now down

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00:42:26,840 --> 00:42:29,760
Speaker 1: fifty two points, staff futures down two hundred fifty nine.

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00:42:30,080 --> 00:42:32,600
Speaker 1: Mastack futures are lower by two d seventy eight points.

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00:42:32,640 --> 00:42:34,680
Speaker 1: The ten your Treasury is down eight thirty seconds, the

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00:42:34,760 --> 00:42:37,399
Speaker 1: yield one point one percent, yield on the two year

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Speaker 1: one point zero two Bitcoin forty one, eight hundred dollars.

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Speaker 1: Bloomberg surveillance is next for Karen Moscow. I'm Nathan Hagar.

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Speaker 1: This is Bloomberg