Speaker 1: Live from the Bloomberg Interactive Berger Studios. This is is Bloomberg
Speaker 1: day Break for Tuesday, January eighteen two. Coming up, the shower,
Speaker 1: stocks fall and treasury yields jump as Wall Street gets
Speaker 1: back to work. Oil continues. It's rally hitting the highest
Speaker 1: level since Goldman Sachs kicks off a busy week for
Speaker 1: earnings and airlines weren't of catastrophic disruptions tied to the
Speaker 1: rollout of five G. Authorities say the woman killed in
Speaker 1: the New York subway attack by a homeless man was
Speaker 1: an advocate for the homeless. Plus the Senator schedule to
Speaker 1: debate of voting rights bill today on Michael bar Or
Speaker 1: I'm John stash Own Sports, the Nickson Net, Sufford Holiday
Speaker 1: matinee losses, win for the Islanders, the Rams meet the
Speaker 1: Cardinals in the NFL playoff. That's all straight Ahead on
Speaker 1: Bloomberg day Break on Bloomberg Element Trio, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one on six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius x M one nineteen and around the
Speaker 1: world Old on Bloomberg Radio dot Com and via the
Speaker 1: Bloomberg Business at good morning. I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow and US stock index futures are tumbling this morning.
Speaker 1: We're coming up to six o one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On bloomberg S and P Future is down
Speaker 1: fifty three points down. Future is down two hundred sixty
Speaker 1: two and as day futures down two hundred eighty two.
Speaker 1: Ten year Treasury down seven thirty seconds. He at one
Speaker 1: point eight one percent and they yield on the two
Speaker 1: year one point oh four percent. Nathan, Karen, the markets
Speaker 1: are the focus this morning. Treasury yields, as you mentioned,
Speaker 1: are jumping while stocks continue to slide. Let's get the
Speaker 1: very latest live with Bloomberg's John Tucker. John, good morning,
Speaker 1: Good morning Nathan too, and tend your treasure yields up
Speaker 1: to levels not seen since before the pandemic. Investors increasingly
Speaker 1: concerned that elevated inflation will force the Fed to tighten
Speaker 1: policy faster than expected. Higher rates means future profits are
Speaker 1: worthless today and that's hurting growth took, especially technology. Right now,
Speaker 1: NASDAIC futures are down one point eight percent. What could
Speaker 1: come to the rescue is company profits strategist at JP
Speaker 1: Morgan Chase to say global corporate earnings will deliver significant
Speaker 1: beats this year. Live to New York. I'm John Tucker,
Speaker 1: Bloomberg Daybreak, John, thank you. We're also seeing oil on
Speaker 1: the move this morning. Brent crude is trading at the
Speaker 1: highest level in more than seven years. We get more
Speaker 1: from Bloomberg's Paul Wallace and Dubai. The strong consensus that
Speaker 1: Omicron is not going to have that much of an
Speaker 1: impact on oil demand. And at the same time, you've
Speaker 1: got some of the world's biggest produces oil produces, including
Speaker 1: many OPEC members, very much struggling to raise production. So
Speaker 1: the thinking is that, especially as we go further into
Speaker 1: the year, when demand should be rising quite strongly, we're
Speaker 1: going to see supply problems. Bloombergs Paul Wallace as Goldman
Speaker 1: sax is predicting one hundred dollar oil in the third
Speaker 1: quarter and checking prices right now, nine max screwed oil
Speaker 1: is up about one point eight percent at at eight
Speaker 1: twenty nine cents of barrel. Brent is up one point
Speaker 1: three eighties seven dollars sixty cents. Earnings is the other
Speaker 1: big item to watch this morning. Karen Bank results continue
Speaker 1: to roll in this week, and Goldman Sacks reports ahead
Speaker 1: of today's opening bell, and we get a preview from
Speaker 1: Bloomberg Global Finance correspondent Sali Bask. We've had the first
Speaker 1: set of earnings for JPMorgan City Group and Wells Fargo,
Speaker 1: and with fixed income trading expectations pretty much below expectations
Speaker 1: for the biggest of the firms, that sets the bar
Speaker 1: pretty high for Goldman Sacks, which has had a banner
Speaker 1: year in commodities trading, the hope is that they will
Speaker 1: outperform expectations. Yet we're also going to watch expenses because
Speaker 1: those traders will need to get paid more to be retained.
Speaker 1: At JP Morgan, expenses are going up and the expectation
Speaker 1: is the same for Goldman Sacks. So what will profitability
Speaker 1: look like moving forward? In New York? Um Shinnali Bask,
Speaker 1: Bloomberg Daybreak, Shenelle, thank you. Let's turn to the pandemic now.
Speaker 1: The latest debate centers on whether the pandemic is now
Speaker 1: shifting to an endemic that would put COVID nineteen on
Speaker 1: even footing, which is just like the flu. Dr Anthony
Speaker 1: Faunci says it's too early to tell. There's an open
Speaker 1: question as to whether or not omicron is going to
Speaker 1: be the live virus vaccination that everyone is hoping for,
Speaker 1: because you have such a great deal of variability with
Speaker 1: new variants emerging. Dr Anthony Fauci made the comments yesterday
Speaker 1: at the World Economic Forums Davos Agenda online conference. Meantime, Karen,
Speaker 1: we're getting early results from Israel on the effectiveness of
Speaker 1: a fourth vaccine dose. Let's get the details on this
Speaker 1: new study live from Bloomberg. Johnia Young, Good morning, Rinita,
Speaker 1: Good morning Nathan. A trial in Israel shows that a
Speaker 1: fourth dose of COVID nineteen, the vaccine from Fiser, that is, it,
Speaker 1: only offered partial defense against the omicron variant, and overall,
Speaker 1: the lead researchers says shots which were more effective against
Speaker 1: the previous strains, offer less protection with O macron. Israel
Speaker 1: started rolling out a fourth dose to some residents back
Speaker 1: in December, but the lead researcher says results did not
Speaker 1: support a wider rollout of the whole popular lation, and
Speaker 1: last week, the European Union warned that frequent COVID nineteen
Speaker 1: boosters could weaken the immune system. And may not be
Speaker 1: feasible live in New York. I'm gonna need a Young
Speaker 1: Bloomberg daybreak. All right, we need to thank you by
Speaker 1: the pandemic is once again impacting the Olympics. China's halting
Speaker 1: take his sales to the general public. Instead, Beijing will
Speaker 1: invite select groups of spectators to attend the games to
Speaker 1: begin more from Bloomberg Yvon Van in Hong Kong. This
Speaker 1: is quite a reversal because originally the plan was to
Speaker 1: already banned foreign spectators, but they were supposed to allow
Speaker 1: residents to be spectators for the Olympic Games, and they
Speaker 1: were supposed to operate in this sort of closed loop system.
Speaker 1: But that is all changing as we speak. Bloomberg y
Speaker 1: Von Man says these changes come just three weeks before
Speaker 1: the Olympic Games kickoff and Beijing turning to Europe. Now, Karen,
Speaker 1: political turmoil isn't focused in the UK. A former top
Speaker 1: aide to Boris Johnson's accusing the Prime Minister of lying
Speaker 1: about parties held at Downing Street during the pandemic. Let's
Speaker 1: go to London hit the latest from Bloomberg's U and Potts.
Speaker 1: You and good morning, Nathan and Karen Dominic Cummings says
Speaker 1: the UK leader was aware of and permitted a drinks
Speaker 1: party at Downing Street at the height of the strict
Speaker 1: lockdown in the first wave of the pandemic. That account
Speaker 1: from the former top aide to the Prime Minister, who's
Speaker 1: been outspoken in his criticism, conflicts with what Boris Johnson
Speaker 1: recently told parliaments in London. I'm neumpots Bloomberg day Break,
Speaker 1: all right new and thank you. Back here in the US,
Speaker 1: depending rollout of five G service is hitting fresh roadblocks airlines,
Speaker 1: who are in federal officials of catastrophic disruptions if wireless
Speaker 1: companies continue to deploy five G services. Amy Morris has
Speaker 1: the latest from our Bloomberg newsroom in Washington. The trade
Speaker 1: association Airlines for America warned the traveling and shipping public
Speaker 1: could be impacted by the new signals, which they say
Speaker 1: could interfere with altitude measuring instruments. A T and T
Speaker 1: and Verizon already have an agreement with federal regulators to
Speaker 1: launch this news service on January nine, and a momo
Speaker 1: to staff seen by Bloomberg News. Jet Blue CEO Robin
Speaker 1: Hayes says the airline faces quote the potential for significant
Speaker 1: disruptions to flights starting tomorrow in Washington. I maybe more
Speaker 1: as Bloomberg Daybreak part Amy thanks SMP Future is now
Speaker 1: down fifty six points down. Futures down two nastack futures
Speaker 1: lower by two points. Straight ahead your latest local headlines
Speaker 1: and a check of sports. This is Bloomberg in sound
Speaker 1: six oh seven on Wall Street where thirty one degrees
Speaker 1: in Central Park. We got an accident in Queen's westbound
Speaker 1: l I E a junction boulevard. Details coming up in
Speaker 1: traffic First Michael Barr with more on what's going on
Speaker 1: in New York and around the world. Michael, thank you
Speaker 1: very much. Nathan. Police in New York City say the
Speaker 1: man accused of killing a woman by pushing her into
Speaker 1: the path of a subway is homeless, emotionally disturbed, and
Speaker 1: under police guard at a hospital. Marshall Simon is expected
Speaker 1: to be a rain for killing forty year old Michelle
Speaker 1: Go Saturday morning in the Times Square subway station. The
Speaker 1: killing comes less than a month into the first term
Speaker 1: of Mayor Eric Adams, who campaigned on making the city safer.
Speaker 1: But you haven't it like this. The perception is what
Speaker 1: we're fighting it gets. Adams also says the victim was
Speaker 1: a management consultant and did volunteer work to health homeless.
Speaker 1: New York Junior League president Dana Cassidy she clearly had
Speaker 1: a very strong passion for working one on one with
Speaker 1: these populations in need. Cassidy called Go a compassionate soul.
Speaker 1: As for the sixty one year old suspant. He was
Speaker 1: arrested and confessed shortly after. The Senate the schedule to
Speaker 1: debate of voting rights bill today, allowing more access to
Speaker 1: the ballot box. The measure is expected to face a
Speaker 1: Steve hurdle when Senate Democrats challenge the filibuster rule that
Speaker 1: requires sixty votes to advance legislation. Since the election, nineteen
Speaker 1: states have passed bills restricting access to vot it. Senator
Speaker 1: Kirsten Gillibrand says a nineteen story building that was ravaged
Speaker 1: by a deadly fire earlier this month should not be
Speaker 1: exempt from having a sprinkler system installed, no matter how
Speaker 1: old it is. Senator Gillibrand toured the nineteen story build
Speaker 1: Holding and the Bronx where seventeen people were killed. We
Speaker 1: also learned from the firefighters that an old building like
Speaker 1: this as grandfather didn't, doesn't have sprinklers. That's unacceptable. Senator
Speaker 1: Gillibrand and Congressman Richie Tourists, who represents that section of
Speaker 1: the Bronx where the fire happened, or sponsoring legislation to
Speaker 1: have heat sensors and apartments. A year old report by
Speaker 1: Washington's Afghanistan Watchdog has now been be classified and shows
Speaker 1: that had worn back in early at the Afghan Air
Speaker 1: Force would collapse without critical U s aid and training.
Speaker 1: That was months before President Joe Biden announced the end
Speaker 1: to America's longest war. Officials are still waiting to learn
Speaker 1: the full extent of damage, number of casualties in the
Speaker 1: Pacific island of Tanga after a series of undersea volcanic
Speaker 1: eruptions triggered a powerful tsunami. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalists and analysts and more
Speaker 1: than a hundred twenty countries. I'm Michael Barr. This is
Speaker 1: Bloomberg Naked. Thanks Michael, coming up to sixth cent on
Speaker 1: Wall Street time for the Bloomberg Sports Update. Here's Johnstown
Speaker 1: thanks Nathan. Looked like Odell Beckham was going to be
Speaker 1: a star wide out for the Giants for a long time.
Speaker 1: The Giants came a big contract and then the recently
Speaker 1: departed gentle manager Dave Gentleman famously said, well, we didn't
Speaker 1: sign him, to trade him, and then he traded him
Speaker 1: to Cleveland. Didn't work out there. Breckan went to the Rams.
Speaker 1: He was a big factor in their playoff win. Last night.
Speaker 1: Here comes to sat to Stafford, Look, you left, probably
Speaker 1: left the fade to oh b JD with a two
Speaker 1: hited crowd cuts down, oh b J cut down radio call.
Speaker 1: Beckham later through a forty yard passed. The Rams led
Speaker 1: the Cardinals twenty eight and nothing. They won thirty four
Speaker 1: to eleven. Matthew Stafford, his first season in l A,
Speaker 1: does something he never did in his twelve years in Detroit.
Speaker 1: He wins a playoff game and the Rams go to
Speaker 1: Tampa Bay on Sunday. The Giants search to replace Ace.
Speaker 1: Kettleman has seen them conduct nine zoom interviews. Reportedly, they've
Speaker 1: cut the field to five, will not begin to bring candidates.
Speaker 1: And Nixon won three in a row, five straight at home,
Speaker 1: and Charlotte was without it's young star LaMelo Ball. Yet
Speaker 1: that's the guard and the Hornets won easily. Nineties seven
Speaker 1: eighties seven was only that close as the Knicks made
Speaker 1: up some grandits end. Miles Bridges thirty eight points for
Speaker 1: the Hornets. He had twenty two in the first quarter.
Speaker 1: Another home game tonight, Nixon, Minnesota. The Nets without the
Speaker 1: injured Kevin Durant lost at Cleveland one fourteen to one
Speaker 1: oh seven. Katie is gonna be out for the next
Speaker 1: four to six weeks. The Islanders coming on up to
Speaker 1: the slow start of four one win over in Philadelphia
Speaker 1: Battle of Brooklyn. L I. You beat St. Francis Dan
Speaker 1: Daniel Medvedev's he went up the Australian Open. He's now
Speaker 1: the top seed without Novak Djokovic. Layla Fernandez lost her
Speaker 1: first round match. She went to last year's US Open.
Speaker 1: Fun John stash Award Bloomberg Sports Nathan, thank you John
Speaker 1: SMP futures down down fifty three points, sound features down
Speaker 1: twountre sixty six n that futures are lower by two
Speaker 1: eighty seven points. The ten year down seven thirty seconds
Speaker 1: yield one point eight zero percent. You're listening to Bloomberg
Speaker 1: Daybreak and Bloomberg Daybreak is brought to you by Audie.
Speaker 1: Don't let someone else drive off in the outie model.
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Speaker 1: to get behind the wheel of yours. Today, Markets headlines
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Speaker 1: He's a Bloomberg Business Flash and I'm Cameron Moscow. This
Speaker 1: update brought to you by Interactive Brokers. Trade crypto for
Speaker 1: less coin with commissions just twelve to eighteen basis points
Speaker 1: and no hidden spreads or markups. Learn more at ivy
Speaker 1: k r dot com. Slash crypto. Treasury yields are surging,
Speaker 1: nowsdack Future is tumbling, and global stocks being dragged down
Speaker 1: by concern that central banks will have to raise rates
Speaker 1: sooner than expected. If we checked the markets every fifteen
Speaker 1: minutes about the trading day on Bloomberg, SMP future is
Speaker 1: down fifty three points this morning, down features down two
Speaker 1: hundred sixty nine, nasdack futures down two hundred seventy seven,
Speaker 1: down one point eight percent. The decks in Germany's down
Speaker 1: one point to percent ten your treasury down seven thirty seconds.
Speaker 1: He had one point eight zero percent. They yield on
Speaker 1: the two year one point oh three percent. Nine x
Speaker 1: Screwed oil is up one point eight percent, up a
Speaker 1: dollar forty seven at eighty five dollars twenty nine cents
Speaker 1: of barrel comes goal down three tons per cent or
Speaker 1: five dollars fifty cents at eighteen eleven. Announced the euro
Speaker 1: one point one three nine zero against the dollar, British
Speaker 1: bound one point three six one four, the unit one
Speaker 1: fourteen point seven zero, and bitcoin this morning at forty
Speaker 1: one thousand, nine hundred dollars and Goldman Saxes among companies
Speaker 1: schedule to report earnings today. That's a Bloomberg business flash down.
Speaker 1: Here's Michael Barr with more on what's going on around
Speaker 1: the world. Muckel Karen, thank you very much. Senators are
Speaker 1: returning to Washington under intense pressure to cast voting legislation
Speaker 1: in the face of star criticism from civil rights leaders.
Speaker 1: The Senate is sent to launch debate today after civil
Speaker 1: rights leaders implored them to change the rules and break
Speaker 1: a Republican led filibuster that has stalled the voting bill.
Speaker 1: A trade association representing major US airlines asked Transportation Secretary
Speaker 1: Pete Budajage and the nation's top communications and aviation regulators
Speaker 1: to prevent wireless carriers from implementing five g S services
Speaker 1: close to airports. In the NFL, the Rams rolled over
Speaker 1: the Cardinals thirty four eleven. So here is the breakdown
Speaker 1: for the divisional round playoffs. In the NFC, the Rams
Speaker 1: face Tampa Bay. Green Bay hosts the forty Niners. In
Speaker 1: the a f C, the Bengals are at the Titans,
Speaker 1: the Bills are at the Chiefs. In the NBA, the
Speaker 1: Next and Nets lost the Celtics and Wizards won. In
Speaker 1: the NHL, the Islanders won Global news twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty d journalists and analysts and more than
Speaker 1: a hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, Okay, Michael,
Speaker 1: thanks for coming up to six twenty on Wall Street
Speaker 1: Line from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: day Break. We want to get an update on the
Speaker 1: pandemic now as we're starting to see debate building over
Speaker 1: whether the omicron variant is going to be what brings
Speaker 1: us from the pandemic to an endemic when it comes
Speaker 1: to COVID nineteen. Let's get some insights now from Gig
Speaker 1: ground Wall, professor at the Johns Hopkins Bloomberg School of
Speaker 1: Public Health. I want to get right into this, Dr Groundwall.
Speaker 1: Dr Fauci says it's too soon to say whether O
Speaker 1: macron is the variant that makes COVID endemic. At the
Speaker 1: same time, we've heard from the CEO of findser Albert Borla,
Speaker 1: saying we may get somewhere closer to normal by the spring.
Speaker 1: Where do you see things going in terms of the pandemic, Well,
Speaker 1: I think both of those things could be sort of true.
Speaker 1: We we really don't know where things are going to go.
Speaker 1: UM there's no law of nature that says that there
Speaker 1: couldn't be another variant of concern that will have to
Speaker 1: deal with. But omicron is going to keep causing in
Speaker 1: fact sin well, and it's not quite done with the
Speaker 1: world yet too, So I don't think we're really at
Speaker 1: an endemic stage. But hopefully UM there will be a
Speaker 1: lot more immunity in our population at the end of
Speaker 1: this UM so that we can be a little bit
Speaker 1: closer to normal. What do you look for to determine
Speaker 1: whether we are getting closer to the endemic phase. I
Speaker 1: would like to see hospitals not be quite so strained
Speaker 1: um right now, we have so many new infections that
Speaker 1: are landing people in the hospitals. Thankfully, macron is um
Speaker 1: is milder than delta, but perhaps not much milder than
Speaker 1: the original version of of stars copy too, So we
Speaker 1: we need to still try to convince those who haven't
Speaker 1: yet that vaccination is going to save their lives and
Speaker 1: uh and and also save our healthcare because lots of
Speaker 1: lots of surgeries and things that people really need to
Speaker 1: have done are being canceled right now because hospitals can't do.
Speaker 1: When we see O macron apparently presenting as less severe
Speaker 1: than earlier, strange, what does that say about what the
Speaker 1: next variant could look like? The next variant of concern
Speaker 1: couldn't go one way or the other. Well, virus is
Speaker 1: evolved to be more transmissible. They evolved to to cause
Speaker 1: more infections UM, to be able to spread further. That's
Speaker 1: that's how that's part of their their fitness UM. They
Speaker 1: how how much damage they do to the host. UM
Speaker 1: is really pre variable. So there's no there's no reason
Speaker 1: why another variant couldn't be more dangerous than a macron,
Speaker 1: but um, hopefully it won't. And there's really just a
Speaker 1: matter of surveillance and trying to pick this up as
Speaker 1: soon as possible. Where do you see our surveillance looking
Speaker 1: right now? Are are we doing adequate surveillance of COVID
Speaker 1: as a country? We are sequencing a lot of samples, UM,
Speaker 1: a lot more than we had before. The problem is
Speaker 1: is the delay, Um, the the information is not getting
Speaker 1: to the hands of public health as quickly as as
Speaker 1: would be ideal. UM. I think part of that is
Speaker 1: because we don't have this in the public health departments
Speaker 1: we have UM, we still have public health departments that
Speaker 1: that hopefully not too many that use tax machines. So
Speaker 1: it's it's really about we need to modernize the public
Speaker 1: health so that they can use these tools and so
Speaker 1: the decision time isn't as long. In our last minute here,
Speaker 1: Dr gran Vala want to get your reaction to a
Speaker 1: new study out of Israel that suggests a fourth dose
Speaker 1: of fiser beyond tech vaccine might not be effective against
Speaker 1: oh macron, does that imply something about the need for boosters.
Speaker 1: We will have to see. Um, they have very careful
Speaker 1: controlled studies in Israel. They have a lot of data
Speaker 1: on people so that they can monitor the effect of
Speaker 1: these um, of these additional vaccine doses. Is um, it
Speaker 1: looks If that's the case, then uh, then we'll have
Speaker 1: to see whether a more specific booster, perhaps two a
Speaker 1: macron that's designed to counter a macron or the next
Speaker 1: variant or will be better. So UM, we have to
Speaker 1: go with the data that we have. All right, thank
Speaker 1: you as always. Gi grand Ball, Professor at the Johns
Speaker 1: Hopkins Bloomberg School of Public Health, which is supported by
Speaker 1: Michael Bloomberg, the founder and majority owner of Bloomberg Radio's
Speaker 1: parent company, Bloomberg LP. Right now, SMP futures are down
Speaker 1: fifty four points down, futures down two undred seventy five,
Speaker 1: NAZAC futures down two point two eight two points. That's
Speaker 1: a decline of one percent. The tenure Treasury is down
Speaker 1: seven thirty seconds, the yield one point eight one percent,
Speaker 1: yield on the two year one point zero three percent,
Speaker 1: and i'm x screwed up one point seven percent, up
Speaker 1: a dollar forty five at eighty five dollars twenty seven cents.
Speaker 1: The barrel just had while the latest on the market
Speaker 1: sell off and Goldman Sachs set to report earnings as
Speaker 1: we check the five things you need to know to
Speaker 1: start your day on Bloomberg Daybreak, Bloomberg eleven three oh
Speaker 1: weather sunny, breezy, a high in your thirty five today,
Speaker 1: mostly cloudy, mid forties, Tomorrow with a wintry mess Tomorrow night,
Speaker 1: all end early Thursday, in turn, partly sunny with a
Speaker 1: high in your thirty five currently thirty one degrees. Broadcasting
Speaker 1: live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E living free to Washington, d C, Bloomberg N
Speaker 1: one to Boston, Bloomberg one O six one to San Francisco,
Speaker 1: Bloomberg sixty to the country, Sirius XM chto one nine team,
Speaker 1: and around the globe to Bloomberg Business app and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's six thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow. We're just about three hours away from the
Speaker 1: open of US trading. Time for the five things you
Speaker 1: need to know to start your day. Brought to you
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Speaker 1: new global investment opportunities to diversify your portfolio and discover
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Speaker 1: R dot com slash g a up. First, stocks are
Speaker 1: falling and treasury yields are climbing to begin the week.
Speaker 1: Can we get the details live with the Bloomberg's John
Speaker 1: Tucker John Karen Markets pricing in a more aggressive rate
Speaker 1: high path from the fat as it looks to stomp
Speaker 1: out inflation to year treasury yields staring above one percent
Speaker 1: for the first time since twenty Higher rates mean future
Speaker 1: company profits are worthless. I'm not hurting growth stocks right now.
Speaker 1: Now's their futures down one point eight percent. And JP
Speaker 1: Morgan's fixed income chief Bob Michael is warning stock bulls
Speaker 1: not to believe the Central Bank will meet every market
Speaker 1: hiccup with easier policy line than New York. I'm John Tucker,
Speaker 1: Bloomberg Radio and John Oil is extending games this morning,
Speaker 1: hitting the highest level in more than seven years. Geopolitical
Speaker 1: tensions in the Middle East and easing concerns about the
Speaker 1: pen emmac are being cited for the search. Right now,
Speaker 1: Nimex screws up one point seven percent at eighty five
Speaker 1: dollars twenty seven cents of barrel, while Brent is up
Speaker 1: one point three percent at eighty seven dollars fifty nine cents. Nathan.
Speaker 1: Fourth quarter earning season cakes into high gear this week.
Speaker 1: Goldman SAX reports This morning, we get more from Bloomberg's
Speaker 1: Larry Kovsky. Goldman's investment banking fee strength will be a highlight.
Speaker 1: According to Bloomberg Intelligence, Trading revenue should be solid, with
Speaker 1: equity is doing better relative to fixed income compared to
Speaker 1: a year ago. Costs, especially compensation trends, will help gauge
Speaker 1: the profitability outlook for two Laury Kowsky, Bloomberg day Break.
Speaker 1: All right, Larry, thanks, turning to the pandemic. Now, we're
Speaker 1: getting early results from an Israeli study involving a fourth
Speaker 1: vaccine does so, let's get the latest lie from Bloomberg.
Speaker 1: Jonita Young, Granita Nathan. A trial in Israel shows that
Speaker 1: a fourth dose of Visor's COVID nineteen vaccine only offered
Speaker 1: partial defense against the omicron variant, and overall, the lead
Speaker 1: researchers says shots which were more effective against previous strains,
Speaker 1: offered less protection with O macron, but it's worth noting
Speaker 1: that these in the study had only slight symptoms or
Speaker 1: none at all. Israel started rolling out a fourth dose
Speaker 1: to some residents back in December, but the lead researchers's
Speaker 1: results did not support a wider rollout to the whole population.
Speaker 1: Live in New York, I'm gonna need a Young Bloomberg daybreak,
Speaker 1: need to thank you. Another story we're watching has depending
Speaker 1: rollout of five G service hitting fresh roadblocks. US airlines
Speaker 1: rewarding of catastrophic disruptions from tomorrow's scheduled deployment of five
Speaker 1: G wireless service, A trade organization urged government regulators to
Speaker 1: prevent five G from being implemented within two miles of
Speaker 1: anywhere aircraft fly. And it's now six thirty three on
Speaker 1: Wall Street, thirty one degrees in Central Park. We're still
Speaker 1: dealing with a crash on the westbound l I E
Speaker 1: at Junction Boulevard. Details coming up in Traffic. First Michael
Speaker 1: Barr with more on what's going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning, Nathan.
Speaker 1: Police in New York City say the man accused of
Speaker 1: killing a woman by pushing her into the path of
Speaker 1: a subway is expected to be arraigned. Marshall Simon, who
Speaker 1: was Ulissa, is under police guard in a hospital for
Speaker 1: killing forty year old Michelle Goes Saturday morning in the
Speaker 1: Times Square subway station. Go did volunteer work to help
Speaker 1: the homeless. New York Junior League President Dana Cassidy compassionate
Speaker 1: soul who wanted to be rewarded by that direct impact
Speaker 1: in directly working with those individuals. Junior League President Cassidy
Speaker 1: says Go was also a consultant with a management firm, Deloitte.
Speaker 1: New York City Mayor Eric Adams is enjoying high favorability
Speaker 1: ratings in his first couple of weeks in office. According
Speaker 1: to a new Ciena poll out today, overall, six of
Speaker 1: city residents have a positive impression of the former police captain,
Speaker 1: compared to a fifth who have a negative opinion. Senators
Speaker 1: are returning to Washington under intense pressure to pass voting
Speaker 1: legislation in the face of star criticism from civil rights leaders.
Speaker 1: The Senate set to launch debate today after pressure to
Speaker 1: change the rules and break a public and led filibuster
Speaker 1: that installed the voting bill. Members of the College Ville,
Speaker 1: Texas synagogue that was the scene of a hostage siege Saturday,
Speaker 1: held a healing ceremony last evening. Four members of the
Speaker 1: Congregation Beth Israel, including the rabbi, were held for ten
Speaker 1: hours before escaping unharmed. Rabbi Charlie Creighton Walker led the service.
Speaker 1: We stand together against hatred, bigotry and violence. We stand
Speaker 1: together and love and support of each other. The suspect,
Speaker 1: identified as British national Malik Faissil Akram, died at the scene.
Speaker 1: Athletes headed to the Olympics next month of being warned
Speaker 1: about the security of their cell phones Bloomberg's said Baxter reports.
Speaker 1: The athletes are being told that the Great Firewall will
Speaker 1: be partially disabled inside their Olympic bubble and they will
Speaker 1: have access to Facebook and YouTube. But along with that,
Speaker 1: the US and allies are warning that some companies that
Speaker 1: accuses of installing spyware and malware already are Olympic sponsors,
Speaker 1: and that they could spy and affect phone usage in
Speaker 1: the future. Larry Diamond, senior fellow at the Hoover Institution,
Speaker 1: suggests buying a cheap burner phone to use and leaving
Speaker 1: the expensive smartphones at home in San Francisco. I met
Speaker 1: Baxter Bloomberg Gay Break Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take, powered by
Speaker 1: more than twenty seven under journalists and analysts more than
Speaker 1: a hundred twenty countries. Michael Barr, This is Bloomberg, Nathan,
Speaker 1: Thanks Michael. Just about six thirty six on Wall Street.
Speaker 1: Time for the Bloomberg Sports Update. Here's John Stash hour
Speaker 1: and eight to the first ever Monday night playoff game.
Speaker 1: How much of a game? The fourth flowout of wild
Speaker 1: Card Weekend where home teams won five and one in
Speaker 1: l a side of next month Super Bowl. The Rams
Speaker 1: beat the slumping Cardinals Matthew Stafford's first career playoff victory
Speaker 1: through two touchdowns for Kyler Murray, two interceptions. One was cast.
Speaker 1: I need a call for hurried to his rot takes
Speaker 1: us that sets the laces, bounces in the pocket, hit
Speaker 1: from behind, clocked it forward, intercepted, intercepted David Long Junior
Speaker 1: flux it at the one. He's got an interception return
Speaker 1: for a touchdown. Lams Radio the call Rams one thirty
Speaker 1: four to eleven hild Arizona just a hundred eighty three
Speaker 1: yards of offense. The Cardinals began the year seven and oh.
Speaker 1: Just last month they were in NFL Best ten and two,
Speaker 1: and then they finished going one in five. The Rams
Speaker 1: advanced play Sunday at Tampa Bay. The Raiders fired Joinal,
Speaker 1: manager of Mike Mayock, not knowing about Rich Casaccia, who
Speaker 1: finished the season as interim coach. The Cowboys say no
Speaker 1: plans to fire. Mike mccarthon w to play for the loss.
Speaker 1: MLK mattenee at the Garden, one of the knicks worst games,
Speaker 1: trailed Charlotte by eighteen at the half. The Hornet's one
Speaker 1: nineties seven, eighties seven Miles bridges for the career I
Speaker 1: thirty eight Knicks smith ten free throws at fifteen turnovers
Speaker 1: their home again tonight playing Minnesota next began life without
Speaker 1: the injured Kevin Iran lost in Cleveland one fourteen one
Speaker 1: oh seven. Kyrie Irby led Brooklyn with twenty seven nets.
Speaker 1: Are playing a lot of road games right now and
Speaker 1: they are the only games that Irby can play there
Speaker 1: in Watsonton Tomorrow, Islanders at home beat Philadelphia four to one.
Speaker 1: Got to with an game a five in San Jose,
Speaker 1: a club record five goals with a Shark's team. Oh myyer,
Speaker 1: he had a hat trick bill in the first period.
Speaker 1: John Scary Shoulder Bloomberg swards something all right, John, Thanks
Speaker 1: sixty seven On Wall Street, time to take a look
Speaker 1: at stocks. Some of the names moving in the pre
Speaker 1: market as the sell off continues were joined by Bloomberg.
Speaker 1: Radio and TV markets correspondent Creedy Gufta. So we are
Speaker 1: seeing a broad equity sell off this morning, Creedy, And
Speaker 1: I'm sure you're watching bank stocks ahead of Goldman earnings
Speaker 1: exactly well abroad sell off. Indeed, you would think that
Speaker 1: with those yield hired that would mean the financials are
Speaker 1: highed to. They are not, Nathan, especially as you come
Speaker 1: across those earnings. A lot of that kind of uh
Speaker 1: expectations built in from last week's earning story. And gonna
Speaker 1: look at Goldman sacks here, because that's the big bank
Speaker 1: everyone's waiting for this morning. G s as your ticker
Speaker 1: down four tenths of a percent. P n C is
Speaker 1: the other regional one that you want to keep an
Speaker 1: eye on. P n C is also the ticker down
Speaker 1: two point six percent. In the pre market. Like you said,
Speaker 1: with yields higher, the expectation was that financials should be
Speaker 1: higher as well. But yeld curve is also flattening, which
Speaker 1: would affect those interest rate margins that you would get
Speaker 1: on those loans, especially after last week's big earnings Miss JP,
Speaker 1: Morgan City, Wells, Fargo, Uh, some kind of not so whatever.
Speaker 1: The optim the opposite of optimisms pessimism. There. You got
Speaker 1: some pessimism going into Goldman's earnings this morning. That being said,
Speaker 1: you also have some pessimism when it comes to those
Speaker 1: big texts. Apple, for example, A A P L is
Speaker 1: your taker, down one point seven percent in the pre market.
Speaker 1: M S f T is a taker from Microsoft. Uh.
Speaker 1: Down two percent. Apple and Microsoft, you're actually two of
Speaker 1: dan Ives calls that he's still bullish on. Remember, we'd
Speaker 1: like to separate those from the pack simply because they
Speaker 1: are hardcore tech companies as opposed to more media companies
Speaker 1: like Facebook. For example, speaking of Facebook shares, where I
Speaker 1: should say meta platform shares, FB is still the taker,
Speaker 1: though down two percent in the pre market. Once again,
Speaker 1: as you see, yield hire tech is going to be
Speaker 1: extremely responsive, but right now a lot of selling is
Speaker 1: coming from those hedge funds, Nathan, along with higher yields creative.
Speaker 1: Of course, we're watching a big gains a rally in
Speaker 1: the oil market this morning. What's that mean for energy stocks. Yeah,
Speaker 1: the one part of the market that's actually showing some
Speaker 1: green this morning. And this is really important because this
Speaker 1: actually has once again to do with hedge funds. It
Speaker 1: said hedge funds are driving the selling in tech. Well,
Speaker 1: they're also boosting their positions and oil. Part of that
Speaker 1: is that inflationary called the idea that the account of
Speaker 1: the global economy still needs oil, it's still recovering. The
Speaker 1: other part of it is simply a geopolitical tensions hoothy
Speaker 1: rebels sending some drone strikes into the u a E.
Speaker 1: And some concerns that Russia can't meet its production obligations.
Speaker 1: All that boosting oil prices, and that is trickling into
Speaker 1: the energy space. Like you mentioned, Occidental o x Y
Speaker 1: is going to be the ticker you want to keep
Speaker 1: an eye on, up one point two percent in the
Speaker 1: pre market, Apache as well, a p A up just
Speaker 1: shy of two percent, and lastly Devon Energy dv and
Speaker 1: up six tenths of a percent Nathan, thanks for this.
Speaker 1: Crety Bloomberg Radio on TV. Markets correspondent Credi Gupta with
Speaker 1: us this morning as we watch the selling continue more
Speaker 1: broadly across the market. SMP futures are down fifty one point,
Speaker 1: staff features down two fifties six NASDAC features are lower
Speaker 1: by two d seventy four points. The tenure Treasury is
Speaker 1: down eight thirty seconds. The yield one point eight one percent,
Speaker 1: yield on the two year point one point zero three percent,
Speaker 1: and nimex screwed up one percent, up a dollar forty
Speaker 1: nine eight five thirty one for a barrel of West
Speaker 1: Texas Intermediate. This is Bloomberg Bloomberg eleven three oh weather sunny, breezy,
Speaker 1: the high only near thirty five today, mid forties, mostly
Speaker 1: cloudy tomorrow, wintry mess tomorrow night. It clears out on
Speaker 1: a Thursday, partly sunny, high your thirty five degrees right
Speaker 1: now thirty one Markets headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business
Speaker 1: apt and at Bloomberg Quick Tape. This is a Bloomberg
Speaker 1: Business flash, and I'm Cameron Moscow and futures are following
Speaker 1: this morning. We had the first word breaking news dask
Speaker 1: for today's morning call. Here's Bill Malow need Bill, good
Speaker 1: morning and good morning, Karen. That's right. US features are
Speaker 1: under pressure and made a jump in global bond yields.
Speaker 1: Do doubt you just currently down two dty five points
Speaker 1: has to be dropped fifty with then azdec futures are
Speaker 1: lower by two and sixty four. The US ten U
Speaker 1: yield at one point eight two, Gold is down seven
Speaker 1: and oil is climbing with Brent jumping to the highest
Speaker 1: level since Bitcoin is little change, while RPM markets are
Speaker 1: also in the red this morning and back in the
Speaker 1: US on the economic Frinday thirty Empire Manufacturing and at
Speaker 1: ten o'clock the NHB Housing market. The next. Regarding earnings
Speaker 1: this morning, look for Goldman Sachs report around seven thirty,
Speaker 1: and in other news, Bank of New York Melon assets
Speaker 1: under management, beat estimates, wrapping things up under Armor was
Speaker 1: raised out perform at BMO, Dollar General cut to equal
Speaker 1: weight at Morgan Stanley, and Conago was raised to buy
Speaker 1: over at Goldman Sachs. Live from the first Cervating News
Speaker 1: desk on Bill Maloney can all right, Bill, thank you,
Speaker 1: and here live breaking news over her Bloomberg t have
Speaker 1: squawk on your ermin. I'll escue you a w K
Speaker 1: and that's a Bloomberg business Flash. Now here's Michael Barr
Speaker 1: with more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. Later today, Senate Democrats will force
Speaker 1: a vote on the right to vote in every state,
Speaker 1: even though the final bill will likely fail. Since the election,
Speaker 1: nineteen states have passed thirty four bills restricting access to voting.
Speaker 1: A fourth dose of the fives are by in Tech
Speaker 1: vaccine was insufficient to prevent infection with the omicron variant
Speaker 1: of COVID nineteen. That's according to preliminary data from a
Speaker 1: trial in Israel. In the NFL, the Rams rolled over
Speaker 1: the Cardinals thirty four eleven. In the NBA, the Nix
Speaker 1: and Nets lost, the Celtics and Wizards won. In the NHL,
Speaker 1: the Islanders won Global news twenty four hours a day
Speaker 1: on air and on Bloomberg Quickdake, powered by more than
Speaker 1: twenty seven under journalist and analysts more than a hundred
Speaker 1: twenty countries. Michael Barr, this is Bloomberg. The following commentary
Speaker 1: is from Bloomberg Opinion. How the pandemic ripped a hole
Speaker 1: in working age America. I'm justin Fox, a columnist for
Speaker 1: Bloomberg Opinion. Deaths among working age Americans were up more
Speaker 1: than fort over pre pandemic averages last summer and fall.
Speaker 1: For a few weeks in August and September, they were
Speaker 1: up by more than six Most of these excess deaths
Speaker 1: were directly attributed to COVID nineteen many that weren't. We're
Speaker 1: probably COVID related for Americans. Overall, the summer COVID wave
Speaker 1: was less deadly than last winters. For those under sixty five,
Speaker 1: it was much worse. The most obvious explanation is simply
Speaker 1: that those under sixty five are less likely to be
Speaker 1: vaccinated against COVID than their elders. COVID deaths among working
Speaker 1: age adults have been almost entirely among the unvaccinated, and
Speaker 1: the overall increase in deaths was much higher in low
Speaker 1: vax states than HIV as ones. Life insurers have taken
Speaker 1: note and have been raising premiums in low vax areas.
Speaker 1: I'm justin Fox. For more opinion, please go to Bloomberg
Speaker 1: dot com, Slash Opinion or O P I N go
Speaker 1: on the Bloomberg terminal. These has been Bloomberg Opinion and
Speaker 1: Bloomberg Opinion commentaries can be heard every weekday at this
Speaker 1: time and terminal customers can read more at O p
Speaker 1: I n go. It is six fifty on Wall Street.
Speaker 1: Returned to news and science and Technology now with a
Speaker 1: Bloomberg n j I T STEM report brought to you
Speaker 1: buy New Jersey Institute of Technology, which announced that renowned
Speaker 1: scholar and educational leader of Dr Tech Limb will join
Speaker 1: the university is nj I T S ninth president. Learn
Speaker 1: more at n j I T dot e DU now
Speaker 1: Here's what's making news and science, Technology, engineering and math.
Speaker 1: A study from Israel found that a fourth dose of
Speaker 1: the fiser bi on tech vaccine was not enough to
Speaker 1: prevent infection by the Omicron variant. As you've been reporting.
Speaker 1: Researchers say the vaccine did raise antibody levels, but that
Speaker 1: only offered a partial defense against omicron. Get ready to
Speaker 1: learn more Greek letters. Scientists wore in that Omicron's whirlwind
Speaker 1: advance practically ensures it will not be the last version
Speaker 1: of the coronavirus to the world. Every infection provides a
Speaker 1: chance for the virus to mutate and Omicron has an
Speaker 1: edge over its predecessors. It spreads way faster despite emerging
Speaker 1: on a planet with a stronger patchwork of immunity from
Speaker 1: vaccines and prior illness. And Asia's richest man is buying
Speaker 1: a majority stake in an India robotic startup company to
Speaker 1: fuel his tech ambitions. Billionaire Mukesh and Vonnie is investing
Speaker 1: in adverb Technologies, which uses robots to make e commerce,
Speaker 1: warehouses and energy production more efficient. And Bonnie is investing
Speaker 1: in technology as competition from rivals such as Amazon intensifies
Speaker 1: in India's booming e commerce market, and as a Bloomberg
Speaker 1: and j I t Stem report. Nathan thanks Karen Rely
Speaker 1: from the Bloomberg Interactive Brokers Studios where it's just about
Speaker 1: six fifty two on Wall Street Time now to check
Speaker 1: what's going on in DC. Some of the top stories
Speaker 1: in our nation's capital include the Senate getting ready to
Speaker 1: debate voting rights after Martin Luther King Day march in Washington,
Speaker 1: vulnerable House democrats calling for a new strategy on build
Speaker 1: back Better, and a bipartisan Senate delegation meeting with leaders
Speaker 1: in Ukraine amid rising tensions with Russia. Let's bring in
Speaker 1: Bloomberg government reporter Emily Wilkins for all that's happening in
Speaker 1: the nation's capital following the Martin Luther King holiday. We
Speaker 1: are watching for that Senate debate on voting rights to
Speaker 1: begin as soon as today. Emily, Yes, Senate is gonna
Speaker 1: be back today and we do expect that debate to begin,
Speaker 1: um could potentially go into tomorrow, maybe even a little
Speaker 1: bit later in the week. This will sort of given
Speaker 1: the chance for lawmakers UM, Democrats and Republicans to talk
Speaker 1: about the bill. For Democrats their support of the bill,
Speaker 1: but it's ultimately going to wind up with the bill sailing. Uh.
Speaker 1: It needs to clear another sixty vote threshold if it
Speaker 1: wants to continue. Right now, it just doesn't have the
Speaker 1: vote to do that. Even though all Democrats support the bill, um,
Speaker 1: they don't have those ten Republicans who support it as well.
Speaker 1: And so this is something that when you talk to
Speaker 1: Democrats about the importance of this, they talk about the
Speaker 1: ability to debate the bill, to say their piece, to
Speaker 1: message on it a little bit um. But at this point,
Speaker 1: there there's really no sign that this is going to
Speaker 1: wind up changing any sort of laws. But what about
Speaker 1: the idea of changing Senate rules to get the bill passed,
Speaker 1: the idea of changes to the filibuster. What kind of
Speaker 1: pressure is there on the Democrats who have been sort
Speaker 1: of resistant to that idea. There is a lot of
Speaker 1: pressure on senator's Doe Mansion and Kristen Sinema, But to
Speaker 1: be honest, the pressure has been on them for a while.
Speaker 1: And Senator Kristen Cinema made it very very clear right
Speaker 1: before the Senate left on Thursday that she was not
Speaker 1: going to be supportive of any sort of change to
Speaker 1: the Senate filibuster rules, and you would need her support
Speaker 1: to go along with things. It sounds like Joe Mansion
Speaker 1: is not sweet either. I mean, look, people talk about
Speaker 1: putting pressure on Joe Mansion and Kristen Sema. I feel
Speaker 1: like this has just been a huge theme of the
Speaker 1: last year. Just put pressure on them, put pressure on them.
Speaker 1: We've seen internal pressure, external pressure, pressure from the White House,
Speaker 1: pressure from their colleagues, pressure from activist groups. At this point,
Speaker 1: there's really no indication to those of us who watch
Speaker 1: and follow Congress that Mansion has moved at all on
Speaker 1: this issue. In fact, they seems he and Christians Unrestums
Speaker 1: have only grown grown further entrenched into the idea that
Speaker 1: they need to keep the Fellarbuster as it is something
Speaker 1: I know you're watching very closely. As well as progress
Speaker 1: on President Biden's economic agenda. It seems like that have
Speaker 1: been pushed off to the side a little bit with
Speaker 1: the focus now on voting rights. But we're starting to
Speaker 1: hear a lot more calls from vulnerable Democrats in the
Speaker 1: House heading into the mid terms for a change in
Speaker 1: strategy so they can run on something when in terms
Speaker 1: of an economic agenda, yeah, I mean, Democrats really do
Speaker 1: want this build path. Even the Democrats who are a
Speaker 1: little more moderates might not be supportive on everything in
Speaker 1: the bill, realize that they're really components in there that
Speaker 1: they can run on for their base, that Democratic voters want,
Speaker 1: and that they can really how to to their constituents
Speaker 1: back home. And so you are seeing them begin to
Speaker 1: ask to say, hey, let's go ahead and break this building.
Speaker 1: Maybe let's move on with certain pieces of trying to
Speaker 1: find another way to do this. We are are also
Speaker 1: seen um reporting from Reuters this morning saying that the
Speaker 1: White House is working on a new proposal for the
Speaker 1: so called build dock better plan that would keep climate
Speaker 1: change measures, but it would peer down items like the
Speaker 1: child text credit and pay family leave. And this is
Speaker 1: really in line with what Senator Joe Manson was calling for.
Speaker 1: He said that these programs should be much more targeted,
Speaker 1: much more specific. UM. But he has been a supportive
Speaker 1: of some of the climate provisions that are currently in
Speaker 1: the legislation. So we're going to see White House officials
Speaker 1: going up to Congress this week trying to talk with
Speaker 1: members and and trying to make some progress on this bill.
Speaker 1: In our last minute here Emily, before the Senate begins
Speaker 1: the debate on voting rights. This week, a handful of
Speaker 1: senators have been in Ukraine. Yes, five partisan group of
Speaker 1: lawmakers went to Ukraine with the idea of showing the
Speaker 1: US support and commerce is support for Ukraine as they
Speaker 1: face these continuing tensions with Russia. UM. The lawmaker said it.
Speaker 1: With their goal was just to send a very clear
Speaker 1: message about where they stand if they stand with Ukraine. UM.
Speaker 1: This comes as you know, there has been sort of
Speaker 1: further tension UH, seeing Biden, UH and Putin have discussions.
Speaker 1: You've seen the US kind of teams start to prepare
Speaker 1: and start to discuss what would happen in the event
Speaker 1: of an attack. You've heard a lot of discussion about
Speaker 1: potential sanctions that the US would place on Russia if
Speaker 1: there were to be a Ukrainian invasion, But certainly lawmakers
Speaker 1: are hoping that it that it does not get to
Speaker 1: that point. Um once again, I mean deserved that. The
Speaker 1: big picture here is that this has proved a distraction
Speaker 1: to some degree for President Biden for his ultimate goal
Speaker 1: of focusing on Beijing and focusing on China. But with
Speaker 1: these troop build up at the border, it's something that
Speaker 1: he and Congress have really had to turn their attention to.
Speaker 1: Heading into a very busy week in Washington as President
Speaker 1: Biden gets set to close out year one this week.
Speaker 1: Bloomberg Government Report Emily Wilkins. Thanks for this. You can
Speaker 1: read more at Bloomberg dot com or on the Bloomberg terminal.
Speaker 1: Listen to Bloomberg Radio in Washington Bloomberg and one oh
Speaker 1: five point seven FM h D two. Sell off continues
Speaker 1: for equity futures, S and P futures right now down
Speaker 1: fifty two points, staff futures down two hundred fifty nine.
Speaker 1: Mastack futures are lower by two d seventy eight points.
Speaker 1: The ten your Treasury is down eight thirty seconds, the
Speaker 1: yield one point one percent, yield on the two year
Speaker 1: one point zero two Bitcoin forty one, eight hundred dollars.
Speaker 1: Bloomberg surveillance is next for Karen Moscow. I'm Nathan Hagar.
Speaker 1: This is Bloomberg