WEBVTT - Bloomberg Daybreak: January 18, 2022 - Hour 2 (Radio) 0:00:01.639 --> 0:00:04.800 Live from the Bloomberg Interactive Berger Studios. This is is Bloomberg 0:00:04.880 --> 0:00:08.840 day Break for Tuesday, January eighteen two. Coming up, the shower, 0:00:09.200 --> 0:00:12.559 stocks fall and treasury yields jump as Wall Street gets 0:00:12.560 --> 0:00:15.440 back to work. Oil continues. It's rally hitting the highest 0:00:15.520 --> 0:00:19.599 level since Goldman Sachs kicks off a busy week for 0:00:19.680 --> 0:00:23.479 earnings and airlines weren't of catastrophic disruptions tied to the 0:00:23.560 --> 0:00:26.360 rollout of five G. Authorities say the woman killed in 0:00:26.360 --> 0:00:28.880 the New York subway attack by a homeless man was 0:00:28.960 --> 0:00:31.880 an advocate for the homeless. Plus the Senator schedule to 0:00:31.920 --> 0:00:34.519 debate of voting rights bill today on Michael bar Or 0:00:35.000 --> 0:00:37.960 I'm John stash Own Sports, the Nickson Net, Sufford Holiday 0:00:38.000 --> 0:00:40.640 matinee losses, win for the Islanders, the Rams meet the 0:00:40.640 --> 0:00:45.559 Cardinals in the NFL playoff. That's all straight Ahead on 0:00:45.720 --> 0:00:51.520 Bloomberg day Break on Bloomberg Element Trio, New York, Bloomberg one, Washington, 0:00:51.600 --> 0:00:55.720 d C, Bloomberg one on six one, Boston, Bloomberg nine sixties, 0:00:55.720 --> 0:00:59.720 San Francisco, Sirius x M one nineteen and around the 0:00:59.720 --> 0:01:02.560 world Old on Bloomberg Radio dot Com and via the 0:01:02.600 --> 0:01:09.119 Bloomberg Business at good morning. I'm Nathan Hagar and I'm 0:01:09.200 --> 0:01:13.000 Karen Moscow and US stock index futures are tumbling this morning. 0:01:13.000 --> 0:01:14.759 We're coming up to six o one on Wall Street, 0:01:14.760 --> 0:01:16.880 and we check the markets every fifteen minutes throughout the 0:01:16.880 --> 0:01:19.480 trading day. On bloomberg S and P Future is down 0:01:19.520 --> 0:01:22.679 fifty three points down. Future is down two hundred sixty 0:01:22.680 --> 0:01:25.319 two and as day futures down two hundred eighty two. 0:01:25.600 --> 0:01:28.160 Ten year Treasury down seven thirty seconds. He at one 0:01:28.160 --> 0:01:30.400 point eight one percent and they yield on the two 0:01:30.480 --> 0:01:34.520 year one point oh four percent. Nathan, Karen, the markets 0:01:34.560 --> 0:01:37.320 are the focus this morning. Treasury yields, as you mentioned, 0:01:37.319 --> 0:01:40.240 are jumping while stocks continue to slide. Let's get the 0:01:40.280 --> 0:01:43.000 very latest live with Bloomberg's John Tucker. John, good morning, 0:01:43.040 --> 0:01:45.760 Good morning Nathan too, and tend your treasure yields up 0:01:45.760 --> 0:01:49.960 to levels not seen since before the pandemic. Investors increasingly 0:01:50.120 --> 0:01:53.480 concerned that elevated inflation will force the Fed to tighten 0:01:53.520 --> 0:01:57.600 policy faster than expected. Higher rates means future profits are 0:01:57.640 --> 0:02:02.040 worthless today and that's hurting growth took, especially technology. Right now, 0:02:02.200 --> 0:02:05.560 NASDAIC futures are down one point eight percent. What could 0:02:05.560 --> 0:02:09.280 come to the rescue is company profits strategist at JP 0:02:09.360 --> 0:02:13.280 Morgan Chase to say global corporate earnings will deliver significant 0:02:13.320 --> 0:02:15.880 beats this year. Live to New York. I'm John Tucker, 0:02:15.919 --> 0:02:19.280 Bloomberg Daybreak, John, thank you. We're also seeing oil on 0:02:19.320 --> 0:02:21.560 the move this morning. Brent crude is trading at the 0:02:21.600 --> 0:02:24.359 highest level in more than seven years. We get more 0:02:24.480 --> 0:02:28.240 from Bloomberg's Paul Wallace and Dubai. The strong consensus that 0:02:28.480 --> 0:02:30.240 Omicron is not going to have that much of an 0:02:30.240 --> 0:02:33.919 impact on oil demand. And at the same time, you've 0:02:33.960 --> 0:02:37.560 got some of the world's biggest produces oil produces, including 0:02:37.600 --> 0:02:41.760 many OPEC members, very much struggling to raise production. So 0:02:41.960 --> 0:02:45.080 the thinking is that, especially as we go further into 0:02:45.080 --> 0:02:48.840 the year, when demand should be rising quite strongly, we're 0:02:48.840 --> 0:02:52.680 going to see supply problems. Bloombergs Paul Wallace as Goldman 0:02:52.760 --> 0:02:55.880 sax is predicting one hundred dollar oil in the third 0:02:55.960 --> 0:02:58.680 quarter and checking prices right now, nine max screwed oil 0:02:58.720 --> 0:03:00.360 is up about one point eight percent at at eight 0:03:01.000 --> 0:03:03.360 twenty nine cents of barrel. Brent is up one point 0:03:03.360 --> 0:03:06.840 three eighties seven dollars sixty cents. Earnings is the other 0:03:06.840 --> 0:03:09.560 big item to watch this morning. Karen Bank results continue 0:03:09.600 --> 0:03:11.840 to roll in this week, and Goldman Sacks reports ahead 0:03:11.880 --> 0:03:13.760 of today's opening bell, and we get a preview from 0:03:13.760 --> 0:03:17.400 Bloomberg Global Finance correspondent Sali Bask. We've had the first 0:03:17.400 --> 0:03:20.400 set of earnings for JPMorgan City Group and Wells Fargo, 0:03:20.600 --> 0:03:24.720 and with fixed income trading expectations pretty much below expectations 0:03:24.720 --> 0:03:27.000 for the biggest of the firms, that sets the bar 0:03:27.120 --> 0:03:30.040 pretty high for Goldman Sacks, which has had a banner 0:03:30.160 --> 0:03:33.079 year in commodities trading, the hope is that they will 0:03:33.120 --> 0:03:36.920 outperform expectations. Yet we're also going to watch expenses because 0:03:37.120 --> 0:03:40.120 those traders will need to get paid more to be retained. 0:03:40.360 --> 0:03:43.400 At JP Morgan, expenses are going up and the expectation 0:03:43.520 --> 0:03:46.520 is the same for Goldman Sacks. So what will profitability 0:03:46.520 --> 0:03:49.680 look like moving forward? In New York? Um Shinnali Bask, 0:03:49.840 --> 0:03:53.200 Bloomberg Daybreak, Shenelle, thank you. Let's turn to the pandemic now. 0:03:53.240 --> 0:03:56.080 The latest debate centers on whether the pandemic is now 0:03:56.120 --> 0:03:59.000 shifting to an endemic that would put COVID nineteen on 0:03:59.080 --> 0:04:01.920 even footing, which is just like the flu. Dr Anthony 0:04:01.960 --> 0:04:05.000 Faunci says it's too early to tell. There's an open 0:04:05.360 --> 0:04:08.320 question as to whether or not omicron is going to 0:04:08.400 --> 0:04:12.520 be the live virus vaccination that everyone is hoping for, 0:04:12.760 --> 0:04:15.880 because you have such a great deal of variability with 0:04:16.040 --> 0:04:19.960 new variants emerging. Dr Anthony Fauci made the comments yesterday 0:04:20.000 --> 0:04:24.640 at the World Economic Forums Davos Agenda online conference. Meantime, Karen, 0:04:24.680 --> 0:04:27.640 we're getting early results from Israel on the effectiveness of 0:04:27.640 --> 0:04:30.400 a fourth vaccine dose. Let's get the details on this 0:04:30.480 --> 0:04:33.200 new study live from Bloomberg. Johnia Young, Good morning, Rinita, 0:04:33.240 --> 0:04:35.880 Good morning Nathan. A trial in Israel shows that a 0:04:35.920 --> 0:04:40.039 fourth dose of COVID nineteen, the vaccine from Fiser, that is, it, 0:04:40.080 --> 0:04:44.120 only offered partial defense against the omicron variant, and overall, 0:04:44.160 --> 0:04:47.479 the lead researchers says shots which were more effective against 0:04:47.480 --> 0:04:51.720 the previous strains, offer less protection with O macron. Israel 0:04:51.760 --> 0:04:54.240 started rolling out a fourth dose to some residents back 0:04:54.279 --> 0:04:57.400 in December, but the lead researcher says results did not 0:04:57.480 --> 0:05:00.800 support a wider rollout of the whole popular lation, and 0:05:00.920 --> 0:05:04.720 last week, the European Union warned that frequent COVID nineteen 0:05:04.760 --> 0:05:07.919 boosters could weaken the immune system. And may not be 0:05:08.040 --> 0:05:10.520 feasible live in New York. I'm gonna need a Young 0:05:10.560 --> 0:05:12.600 Bloomberg daybreak. All right, we need to thank you by 0:05:12.680 --> 0:05:16.040 the pandemic is once again impacting the Olympics. China's halting 0:05:16.080 --> 0:05:19.040 take his sales to the general public. Instead, Beijing will 0:05:19.080 --> 0:05:21.920 invite select groups of spectators to attend the games to 0:05:21.960 --> 0:05:25.120 begin more from Bloomberg Yvon Van in Hong Kong. This 0:05:25.200 --> 0:05:28.479 is quite a reversal because originally the plan was to 0:05:28.680 --> 0:05:32.160 already banned foreign spectators, but they were supposed to allow 0:05:32.240 --> 0:05:35.400 residents to be spectators for the Olympic Games, and they 0:05:35.440 --> 0:05:38.479 were supposed to operate in this sort of closed loop system. 0:05:38.600 --> 0:05:41.560 But that is all changing as we speak. Bloomberg y 0:05:41.640 --> 0:05:44.800 Von Man says these changes come just three weeks before 0:05:44.839 --> 0:05:48.320 the Olympic Games kickoff and Beijing turning to Europe. Now, Karen, 0:05:48.400 --> 0:05:51.440 political turmoil isn't focused in the UK. A former top 0:05:51.480 --> 0:05:54.279 aide to Boris Johnson's accusing the Prime Minister of lying 0:05:54.560 --> 0:05:57.360 about parties held at Downing Street during the pandemic. Let's 0:05:57.360 --> 0:05:59.479 go to London hit the latest from Bloomberg's U and Potts. 0:05:59.520 --> 0:06:02.360 You and good morning, Nathan and Karen Dominic Cummings says 0:06:02.360 --> 0:06:05.279 the UK leader was aware of and permitted a drinks 0:06:05.279 --> 0:06:08.040 party at Downing Street at the height of the strict 0:06:08.080 --> 0:06:11.239 lockdown in the first wave of the pandemic. That account 0:06:11.279 --> 0:06:13.280 from the former top aide to the Prime Minister, who's 0:06:13.320 --> 0:06:16.880 been outspoken in his criticism, conflicts with what Boris Johnson 0:06:16.960 --> 0:06:20.520 recently told parliaments in London. I'm neumpots Bloomberg day Break, 0:06:20.680 --> 0:06:22.440 all right new and thank you. Back here in the US, 0:06:22.520 --> 0:06:26.720 depending rollout of five G service is hitting fresh roadblocks airlines, 0:06:26.720 --> 0:06:30.880 who are in federal officials of catastrophic disruptions if wireless 0:06:30.880 --> 0:06:34.400 companies continue to deploy five G services. Amy Morris has 0:06:34.440 --> 0:06:38.159 the latest from our Bloomberg newsroom in Washington. The trade 0:06:38.160 --> 0:06:41.960 association Airlines for America warned the traveling and shipping public 0:06:42.080 --> 0:06:44.680 could be impacted by the new signals, which they say 0:06:44.720 --> 0:06:47.720 could interfere with altitude measuring instruments. A T and T 0:06:47.880 --> 0:06:51.240 and Verizon already have an agreement with federal regulators to 0:06:51.320 --> 0:06:54.760 launch this news service on January nine, and a momo 0:06:54.880 --> 0:06:58.119 to staff seen by Bloomberg News. Jet Blue CEO Robin 0:06:58.200 --> 0:07:02.159 Hayes says the airline faces quote the potential for significant 0:07:02.200 --> 0:07:06.360 disruptions to flights starting tomorrow in Washington. I maybe more 0:07:06.400 --> 0:07:09.440 as Bloomberg Daybreak part Amy thanks SMP Future is now 0:07:09.440 --> 0:07:13.200 down fifty six points down. Futures down two nastack futures 0:07:13.200 --> 0:07:16.880 lower by two points. Straight ahead your latest local headlines 0:07:16.960 --> 0:07:23.560 and a check of sports. This is Bloomberg in sound 0:07:23.600 --> 0:07:25.800 six oh seven on Wall Street where thirty one degrees 0:07:25.880 --> 0:07:28.440 in Central Park. We got an accident in Queen's westbound 0:07:28.520 --> 0:07:30.720 l I E a junction boulevard. Details coming up in 0:07:30.760 --> 0:07:33.160 traffic First Michael Barr with more on what's going on 0:07:33.200 --> 0:07:35.160 in New York and around the world. Michael, thank you 0:07:35.280 --> 0:07:37.320 very much. Nathan. Police in New York City say the 0:07:37.320 --> 0:07:40.160 man accused of killing a woman by pushing her into 0:07:40.200 --> 0:07:43.520 the path of a subway is homeless, emotionally disturbed, and 0:07:43.600 --> 0:07:47.040 under police guard at a hospital. Marshall Simon is expected 0:07:47.080 --> 0:07:49.239 to be a rain for killing forty year old Michelle 0:07:49.240 --> 0:07:52.880 Go Saturday morning in the Times Square subway station. The 0:07:53.000 --> 0:07:55.480 killing comes less than a month into the first term 0:07:55.520 --> 0:07:59.080 of Mayor Eric Adams, who campaigned on making the city safer. 0:07:59.280 --> 0:08:02.360 But you haven't it like this. The perception is what 0:08:02.400 --> 0:08:05.600 we're fighting it gets. Adams also says the victim was 0:08:05.680 --> 0:08:09.320 a management consultant and did volunteer work to health homeless. 0:08:09.760 --> 0:08:13.520 New York Junior League president Dana Cassidy she clearly had 0:08:13.520 --> 0:08:16.560 a very strong passion for working one on one with 0:08:16.720 --> 0:08:21.040 these populations in need. Cassidy called Go a compassionate soul. 0:08:21.280 --> 0:08:23.320 As for the sixty one year old suspant. He was 0:08:23.400 --> 0:08:27.240 arrested and confessed shortly after. The Senate the schedule to 0:08:27.280 --> 0:08:30.200 debate of voting rights bill today, allowing more access to 0:08:30.280 --> 0:08:33.040 the ballot box. The measure is expected to face a 0:08:33.120 --> 0:08:37.120 Steve hurdle when Senate Democrats challenge the filibuster rule that 0:08:37.200 --> 0:08:42.280 requires sixty votes to advance legislation. Since the election, nineteen 0:08:42.440 --> 0:08:46.439 states have passed bills restricting access to vot it. Senator 0:08:46.480 --> 0:08:50.000 Kirsten Gillibrand says a nineteen story building that was ravaged 0:08:50.000 --> 0:08:52.920 by a deadly fire earlier this month should not be 0:08:53.040 --> 0:08:56.120 exempt from having a sprinkler system installed, no matter how 0:08:56.160 --> 0:09:00.000 old it is. Senator Gillibrand toured the nineteen story build 0:09:00.000 --> 0:09:02.800 Holding and the Bronx where seventeen people were killed. We 0:09:02.880 --> 0:09:05.440 also learned from the firefighters that an old building like 0:09:05.559 --> 0:09:10.199 this as grandfather didn't, doesn't have sprinklers. That's unacceptable. Senator 0:09:10.240 --> 0:09:14.200 Gillibrand and Congressman Richie Tourists, who represents that section of 0:09:14.240 --> 0:09:17.880 the Bronx where the fire happened, or sponsoring legislation to 0:09:18.040 --> 0:09:21.920 have heat sensors and apartments. A year old report by 0:09:22.080 --> 0:09:27.240 Washington's Afghanistan Watchdog has now been be classified and shows 0:09:27.280 --> 0:09:30.800 that had worn back in early at the Afghan Air 0:09:30.840 --> 0:09:33.760 Force would collapse without critical U s aid and training. 0:09:34.120 --> 0:09:36.840 That was months before President Joe Biden announced the end 0:09:36.880 --> 0:09:40.440 to America's longest war. Officials are still waiting to learn 0:09:40.480 --> 0:09:43.080 the full extent of damage, number of casualties in the 0:09:43.080 --> 0:09:47.280 Pacific island of Tanga after a series of undersea volcanic 0:09:47.400 --> 0:09:51.680 eruptions triggered a powerful tsunami. Global News twenty four hours 0:09:51.679 --> 0:09:54.719 a day on air and on Bloomberg Quicktake, powered by 0:09:54.760 --> 0:09:57.640 more than twenty seven hundred journalists and analysts and more 0:09:57.679 --> 0:09:59.960 than a hundred twenty countries. I'm Michael Barr. This is 0:10:00.000 --> 0:10:07.160 Bloomberg Naked. Thanks Michael, coming up to sixth cent on 0:10:07.160 --> 0:10:09.680 Wall Street time for the Bloomberg Sports Update. Here's Johnstown 0:10:10.000 --> 0:10:12.120 thanks Nathan. Looked like Odell Beckham was going to be 0:10:12.160 --> 0:10:15.200 a star wide out for the Giants for a long time. 0:10:15.280 --> 0:10:18.280 The Giants came a big contract and then the recently 0:10:18.400 --> 0:10:21.360 departed gentle manager Dave Gentleman famously said, well, we didn't 0:10:21.360 --> 0:10:24.120 sign him, to trade him, and then he traded him 0:10:24.120 --> 0:10:27.199 to Cleveland. Didn't work out there. Breckan went to the Rams. 0:10:27.240 --> 0:10:29.840 He was a big factor in their playoff win. Last night. 0:10:30.160 --> 0:10:32.560 Here comes to sat to Stafford, Look, you left, probably 0:10:32.600 --> 0:10:36.240 left the fade to oh b JD with a two 0:10:36.320 --> 0:10:43.560 hited crowd cuts down, oh b J cut down radio call. 0:10:43.640 --> 0:10:46.719 Beckham later through a forty yard passed. The Rams led 0:10:46.760 --> 0:10:49.520 the Cardinals twenty eight and nothing. They won thirty four 0:10:49.559 --> 0:10:52.120 to eleven. Matthew Stafford, his first season in l A, 0:10:52.240 --> 0:10:55.240 does something he never did in his twelve years in Detroit. 0:10:55.320 --> 0:10:57.200 He wins a playoff game and the Rams go to 0:10:57.240 --> 0:11:00.160 Tampa Bay on Sunday. The Giants search to replace Ace. 0:11:00.240 --> 0:11:04.280 Kettleman has seen them conduct nine zoom interviews. Reportedly, they've 0:11:04.280 --> 0:11:07.640 cut the field to five, will not begin to bring candidates. 0:11:07.720 --> 0:11:09.840 And Nixon won three in a row, five straight at home, 0:11:09.920 --> 0:11:13.319 and Charlotte was without it's young star LaMelo Ball. Yet 0:11:13.360 --> 0:11:15.800 that's the guard and the Hornets won easily. Nineties seven 0:11:15.840 --> 0:11:17.800 eighties seven was only that close as the Knicks made 0:11:17.880 --> 0:11:20.880 up some grandits end. Miles Bridges thirty eight points for 0:11:20.960 --> 0:11:22.920 the Hornets. He had twenty two in the first quarter. 0:11:23.280 --> 0:11:25.719 Another home game tonight, Nixon, Minnesota. The Nets without the 0:11:25.760 --> 0:11:28.319 injured Kevin Durant lost at Cleveland one fourteen to one 0:11:28.320 --> 0:11:30.319 oh seven. Katie is gonna be out for the next 0:11:30.400 --> 0:11:32.400 four to six weeks. The Islanders coming on up to 0:11:32.440 --> 0:11:34.439 the slow start of four one win over in Philadelphia 0:11:34.880 --> 0:11:37.520 Battle of Brooklyn. L I. You beat St. Francis Dan 0:11:37.679 --> 0:11:40.360 Daniel Medvedev's he went up the Australian Open. He's now 0:11:40.480 --> 0:11:43.600 the top seed without Novak Djokovic. Layla Fernandez lost her 0:11:43.640 --> 0:11:46.200 first round match. She went to last year's US Open. 0:11:46.280 --> 0:11:49.760 Fun John stash Award Bloomberg Sports Nathan, thank you John 0:11:49.800 --> 0:11:52.600 SMP futures down down fifty three points, sound features down 0:11:52.600 --> 0:11:55.400 twountre sixty six n that futures are lower by two 0:11:55.760 --> 0:11:58.640 eighty seven points. The ten year down seven thirty seconds 0:11:58.679 --> 0:12:02.679 yield one point eight zero percent. You're listening to Bloomberg 0:12:02.840 --> 0:12:10.160 Daybreak and Bloomberg Daybreak is brought to you by Audie. 0:12:10.200 --> 0:12:12.480 Don't let someone else drive off in the outie model. 0:12:12.520 --> 0:12:15.200 You've always wanted to visit a tri state autie dealer 0:12:15.320 --> 0:12:23.119 to get behind the wheel of yours. Today, Markets headlines 0:12:23.200 --> 0:12:26.199 and breaking news twenty four hours a day at Bloomberg 0:12:26.240 --> 0:12:29.560 dot Com, the Bloomberg Business Out and at Bloomberg Quicktake. 0:12:30.160 --> 0:12:38.920 He's a Bloomberg Business Flash and I'm Cameron Moscow. This 0:12:39.040 --> 0:12:41.760 update brought to you by Interactive Brokers. Trade crypto for 0:12:41.840 --> 0:12:44.520 less coin with commissions just twelve to eighteen basis points 0:12:44.520 --> 0:12:47.240 and no hidden spreads or markups. Learn more at ivy 0:12:47.320 --> 0:12:51.000 k r dot com. Slash crypto. Treasury yields are surging, 0:12:51.080 --> 0:12:54.680 nowsdack Future is tumbling, and global stocks being dragged down 0:12:54.679 --> 0:12:56.920 by concern that central banks will have to raise rates 0:12:56.920 --> 0:12:59.640 sooner than expected. If we checked the markets every fifteen 0:12:59.640 --> 0:13:03.000 minutes about the trading day on Bloomberg, SMP future is 0:13:03.040 --> 0:13:05.440 down fifty three points this morning, down features down two 0:13:05.559 --> 0:13:09.600 hundred sixty nine, nasdack futures down two hundred seventy seven, 0:13:09.679 --> 0:13:12.560 down one point eight percent. The decks in Germany's down 0:13:12.600 --> 0:13:16.240 one point to percent ten your treasury down seven thirty seconds. 0:13:16.280 --> 0:13:18.320 He had one point eight zero percent. They yield on 0:13:18.360 --> 0:13:21.360 the two year one point oh three percent. Nine x 0:13:21.360 --> 0:13:23.240 Screwed oil is up one point eight percent, up a 0:13:23.280 --> 0:13:26.000 dollar forty seven at eighty five dollars twenty nine cents 0:13:26.000 --> 0:13:28.480 of barrel comes goal down three tons per cent or 0:13:28.480 --> 0:13:31.640 five dollars fifty cents at eighteen eleven. Announced the euro 0:13:31.800 --> 0:13:34.240 one point one three nine zero against the dollar, British 0:13:34.240 --> 0:13:36.640 bound one point three six one four, the unit one 0:13:36.720 --> 0:13:40.319 fourteen point seven zero, and bitcoin this morning at forty 0:13:40.360 --> 0:13:43.680 one thousand, nine hundred dollars and Goldman Saxes among companies 0:13:43.720 --> 0:13:47.200 schedule to report earnings today. That's a Bloomberg business flash down. 0:13:47.240 --> 0:13:49.520 Here's Michael Barr with more on what's going on around 0:13:49.520 --> 0:13:52.719 the world. Muckel Karen, thank you very much. Senators are 0:13:52.760 --> 0:13:57.200 returning to Washington under intense pressure to cast voting legislation 0:13:57.280 --> 0:14:00.000 in the face of star criticism from civil rights leaders. 0:14:00.400 --> 0:14:03.200 The Senate is sent to launch debate today after civil 0:14:03.240 --> 0:14:06.200 rights leaders implored them to change the rules and break 0:14:06.240 --> 0:14:09.560 a Republican led filibuster that has stalled the voting bill. 0:14:10.200 --> 0:14:14.720 A trade association representing major US airlines asked Transportation Secretary 0:14:14.720 --> 0:14:19.239 Pete Budajage and the nation's top communications and aviation regulators 0:14:19.360 --> 0:14:23.400 to prevent wireless carriers from implementing five g S services 0:14:23.480 --> 0:14:26.760 close to airports. In the NFL, the Rams rolled over 0:14:26.800 --> 0:14:30.000 the Cardinals thirty four eleven. So here is the breakdown 0:14:30.080 --> 0:14:33.560 for the divisional round playoffs. In the NFC, the Rams 0:14:33.600 --> 0:14:37.000 face Tampa Bay. Green Bay hosts the forty Niners. In 0:14:37.080 --> 0:14:39.200 the a f C, the Bengals are at the Titans, 0:14:39.200 --> 0:14:41.600 the Bills are at the Chiefs. In the NBA, the 0:14:41.720 --> 0:14:44.360 Next and Nets lost the Celtics and Wizards won. In 0:14:44.400 --> 0:14:47.920 the NHL, the Islanders won Global news twenty four hours 0:14:47.920 --> 0:14:51.200 a day on air and on Bloomberg Quicktake, powered by 0:14:51.200 --> 0:14:54.280 more than twenty d journalists and analysts and more than 0:14:54.320 --> 0:14:58.880 a hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, Okay, Michael, 0:14:58.920 --> 0:15:01.080 thanks for coming up to six twenty on Wall Street 0:15:01.120 --> 0:15:04.320 Line from the Bloomberg Interactive Broker Studios. This is Bloomberg 0:15:04.440 --> 0:15:06.160 day Break. We want to get an update on the 0:15:06.200 --> 0:15:09.200 pandemic now as we're starting to see debate building over 0:15:09.200 --> 0:15:12.000 whether the omicron variant is going to be what brings 0:15:12.080 --> 0:15:15.520 us from the pandemic to an endemic when it comes 0:15:15.560 --> 0:15:18.400 to COVID nineteen. Let's get some insights now from Gig 0:15:18.520 --> 0:15:21.240 ground Wall, professor at the Johns Hopkins Bloomberg School of 0:15:21.240 --> 0:15:24.240 Public Health. I want to get right into this, Dr Groundwall. 0:15:24.400 --> 0:15:28.160 Dr Fauci says it's too soon to say whether O 0:15:28.280 --> 0:15:31.240 macron is the variant that makes COVID endemic. At the 0:15:31.280 --> 0:15:33.920 same time, we've heard from the CEO of findser Albert Borla, 0:15:34.040 --> 0:15:37.600 saying we may get somewhere closer to normal by the spring. 0:15:38.120 --> 0:15:42.800 Where do you see things going in terms of the pandemic, Well, 0:15:42.840 --> 0:15:45.440 I think both of those things could be sort of true. 0:15:45.480 --> 0:15:48.760 We we really don't know where things are going to go. 0:15:49.120 --> 0:15:52.240 UM there's no law of nature that says that there 0:15:52.280 --> 0:15:55.920 couldn't be another variant of concern that will have to 0:15:55.960 --> 0:15:59.680 deal with. But omicron is going to keep causing in 0:15:59.720 --> 0:16:02.960 fact sin well, and it's not quite done with the 0:16:03.000 --> 0:16:05.920 world yet too, So I don't think we're really at 0:16:05.960 --> 0:16:09.000 an endemic stage. But hopefully UM there will be a 0:16:09.040 --> 0:16:12.200 lot more immunity in our population at the end of 0:16:12.240 --> 0:16:15.040 this UM so that we can be a little bit 0:16:15.040 --> 0:16:19.240 closer to normal. What do you look for to determine 0:16:19.360 --> 0:16:23.640 whether we are getting closer to the endemic phase. I 0:16:23.640 --> 0:16:26.680 would like to see hospitals not be quite so strained 0:16:26.880 --> 0:16:29.920 um right now, we have so many new infections that 0:16:29.960 --> 0:16:33.920 are landing people in the hospitals. Thankfully, macron is um 0:16:34.160 --> 0:16:39.040 is milder than delta, but perhaps not much milder than 0:16:39.480 --> 0:16:43.400 the original version of of stars copy too, So we 0:16:43.400 --> 0:16:46.800 we need to still try to convince those who haven't 0:16:46.840 --> 0:16:50.400 yet that vaccination is going to save their lives and 0:16:50.560 --> 0:16:53.640 uh and and also save our healthcare because lots of 0:16:54.000 --> 0:16:56.720 lots of surgeries and things that people really need to 0:16:56.760 --> 0:16:59.800 have done are being canceled right now because hospitals can't do. 0:17:01.080 --> 0:17:06.320 When we see O macron apparently presenting as less severe 0:17:06.560 --> 0:17:09.399 than earlier, strange, what does that say about what the 0:17:09.480 --> 0:17:12.720 next variant could look like? The next variant of concern 0:17:12.760 --> 0:17:17.119 couldn't go one way or the other. Well, virus is 0:17:17.160 --> 0:17:21.399 evolved to be more transmissible. They evolved to to cause 0:17:21.480 --> 0:17:25.200 more infections UM, to be able to spread further. That's 0:17:25.240 --> 0:17:28.440 that's how that's part of their their fitness UM. They 0:17:28.920 --> 0:17:32.120 how how much damage they do to the host. UM 0:17:32.280 --> 0:17:36.520 is really pre variable. So there's no there's no reason 0:17:36.560 --> 0:17:41.119 why another variant couldn't be more dangerous than a macron, 0:17:41.640 --> 0:17:44.800 but um, hopefully it won't. And there's really just a 0:17:44.840 --> 0:17:47.159 matter of surveillance and trying to pick this up as 0:17:47.240 --> 0:17:51.119 soon as possible. Where do you see our surveillance looking 0:17:51.320 --> 0:17:56.200 right now? Are are we doing adequate surveillance of COVID 0:17:56.320 --> 0:18:01.480 as a country? We are sequencing a lot of samples, UM, 0:18:01.480 --> 0:18:04.640 a lot more than we had before. The problem is 0:18:04.640 --> 0:18:08.399 is the delay, Um, the the information is not getting 0:18:08.640 --> 0:18:11.160 to the hands of public health as quickly as as 0:18:11.200 --> 0:18:14.040 would be ideal. UM. I think part of that is 0:18:14.119 --> 0:18:17.520 because we don't have this in the public health departments 0:18:17.600 --> 0:18:20.320 we have UM, we still have public health departments that 0:18:20.920 --> 0:18:24.160 that hopefully not too many that use tax machines. So 0:18:24.320 --> 0:18:27.919 it's it's really about we need to modernize the public 0:18:27.960 --> 0:18:30.359 health so that they can use these tools and so 0:18:30.480 --> 0:18:34.280 the decision time isn't as long. In our last minute here, 0:18:34.400 --> 0:18:37.000 Dr gran Vala want to get your reaction to a 0:18:37.000 --> 0:18:39.880 new study out of Israel that suggests a fourth dose 0:18:39.960 --> 0:18:43.920 of fiser beyond tech vaccine might not be effective against 0:18:43.920 --> 0:18:46.919 oh macron, does that imply something about the need for boosters. 0:18:48.520 --> 0:18:51.240 We will have to see. Um, they have very careful 0:18:51.320 --> 0:18:54.280 controlled studies in Israel. They have a lot of data 0:18:54.320 --> 0:18:56.879 on people so that they can monitor the effect of 0:18:57.000 --> 0:19:01.199 these um, of these additional vaccine doses. Is um, it 0:19:01.280 --> 0:19:04.040 looks If that's the case, then uh, then we'll have 0:19:04.119 --> 0:19:08.399 to see whether a more specific booster, perhaps two a 0:19:08.560 --> 0:19:12.160 macron that's designed to counter a macron or the next 0:19:12.280 --> 0:19:15.760 variant or will be better. So UM, we have to 0:19:15.800 --> 0:19:18.360 go with the data that we have. All right, thank 0:19:18.359 --> 0:19:21.080 you as always. Gi grand Ball, Professor at the Johns 0:19:21.080 --> 0:19:24.080 Hopkins Bloomberg School of Public Health, which is supported by 0:19:24.080 --> 0:19:27.719 Michael Bloomberg, the founder and majority owner of Bloomberg Radio's 0:19:27.760 --> 0:19:32.200 parent company, Bloomberg LP. Right now, SMP futures are down 0:19:32.240 --> 0:19:35.120 fifty four points down, futures down two undred seventy five, 0:19:35.240 --> 0:19:39.280 NAZAC futures down two point two eight two points. That's 0:19:39.280 --> 0:19:42.440 a decline of one percent. The tenure Treasury is down 0:19:42.480 --> 0:19:44.960 seven thirty seconds, the yield one point eight one percent, 0:19:45.040 --> 0:19:47.959 yield on the two year one point zero three percent, 0:19:48.000 --> 0:19:50.719 and i'm x screwed up one point seven percent, up 0:19:50.720 --> 0:19:54.080 a dollar forty five at eighty five dollars twenty seven cents. 0:19:54.080 --> 0:19:56.359 The barrel just had while the latest on the market 0:19:56.400 --> 0:19:59.000 sell off and Goldman Sachs set to report earnings as 0:19:59.040 --> 0:20:00.920 we check the five things you need to know to 0:20:01.040 --> 0:20:08.560 start your day on Bloomberg Daybreak, Bloomberg eleven three oh 0:20:08.640 --> 0:20:11.159 weather sunny, breezy, a high in your thirty five today, 0:20:11.200 --> 0:20:14.640 mostly cloudy, mid forties, Tomorrow with a wintry mess Tomorrow night, 0:20:14.800 --> 0:20:17.000 all end early Thursday, in turn, partly sunny with a 0:20:17.040 --> 0:20:22.960 high in your thirty five currently thirty one degrees. Broadcasting 0:20:23.040 --> 0:20:26.760 live from the Bloomberg Interactive Broker Studio in New York. 0:20:26.880 --> 0:20:30.119 Bloomberg E living free to Washington, d C, Bloomberg N 0:20:30.640 --> 0:20:34.160 one to Boston, Bloomberg one O six one to San Francisco, 0:20:34.240 --> 0:20:38.200 Bloomberg sixty to the country, Sirius XM chto one nine team, 0:20:38.320 --> 0:20:41.520 and around the globe to Bloomberg Business app and Bloomberg 0:20:41.560 --> 0:20:51.160 Radio dot Com. This is Bloomberg Daybreak. It's six thirty 0:20:51.160 --> 0:20:53.720 on Wall Street. Good morning. I'm Nathan Hagar and I'm 0:20:53.760 --> 0:20:56.800 Karen Moscow. We're just about three hours away from the 0:20:56.800 --> 0:20:59.439 open of US trading. Time for the five things you 0:20:59.480 --> 0:21:01.679 need to know to start your day. Brought to you 0:21:01.760 --> 0:21:06.120 by Interactive Brokers Global Analyst. Global Analysts helps you find 0:21:06.119 --> 0:21:10.159 new global investment opportunities to diversify your portfolio and discover 0:21:10.280 --> 0:21:13.680 undervalued companies. Try Global Analysts today at I b k 0:21:13.920 --> 0:21:17.600 R dot com slash g a up. First, stocks are 0:21:17.680 --> 0:21:20.640 falling and treasury yields are climbing to begin the week. 0:21:20.680 --> 0:21:23.000 Can we get the details live with the Bloomberg's John 0:21:23.000 --> 0:21:26.280 Tucker John Karen Markets pricing in a more aggressive rate 0:21:26.359 --> 0:21:28.399 high path from the fat as it looks to stomp 0:21:28.400 --> 0:21:31.679 out inflation to year treasury yields staring above one percent 0:21:31.760 --> 0:21:35.040 for the first time since twenty Higher rates mean future 0:21:35.080 --> 0:21:38.680 company profits are worthless. I'm not hurting growth stocks right now. 0:21:38.680 --> 0:21:41.680 Now's their futures down one point eight percent. And JP 0:21:41.800 --> 0:21:45.080 Morgan's fixed income chief Bob Michael is warning stock bulls 0:21:45.400 --> 0:21:47.960 not to believe the Central Bank will meet every market 0:21:48.000 --> 0:21:51.520 hiccup with easier policy line than New York. I'm John Tucker, 0:21:51.560 --> 0:21:54.640 Bloomberg Radio and John Oil is extending games this morning, 0:21:54.680 --> 0:21:57.480 hitting the highest level in more than seven years. Geopolitical 0:21:57.480 --> 0:21:59.760 tensions in the Middle East and easing concerns about the 0:21:59.760 --> 0:22:01.960 pen emmac are being cited for the search. Right now, 0:22:02.080 --> 0:22:04.600 Nimex screws up one point seven percent at eighty five 0:22:04.640 --> 0:22:06.959 dollars twenty seven cents of barrel, while Brent is up 0:22:06.960 --> 0:22:10.840 one point three percent at eighty seven dollars fifty nine cents. Nathan. 0:22:10.920 --> 0:22:13.520 Fourth quarter earning season cakes into high gear this week. 0:22:13.560 --> 0:22:16.520 Goldman SAX reports This morning, we get more from Bloomberg's 0:22:16.560 --> 0:22:20.600 Larry Kovsky. Goldman's investment banking fee strength will be a highlight. 0:22:20.600 --> 0:22:24.199 According to Bloomberg Intelligence, Trading revenue should be solid, with 0:22:24.280 --> 0:22:27.359