WEBVTT - Bloomberg Daybreak: March 16, 2022 - Hour 2 (Radio) 0:00:02.440 --> 0:00:05.680 Live from the Bloomberg Interactor Berger Studios. This is Bloomberg 0:00:05.760 --> 0:00:09.440 Daybreak for Wednesday, March sixteen two. Coming up this hour, 0:00:09.640 --> 0:00:14.800 negotiations continue between Russia and Ukraine. Ukrainian President Zelinski addresses 0:00:14.840 --> 0:00:18.200 the US Congress this morning. The FETs interest rate liftoff 0:00:18.280 --> 0:00:21.000 expected to begin today. And I'll tell you why Hong 0:00:21.079 --> 0:00:24.400 Kong's Hang Sang Index seers in nine per cent the 0:00:24.480 --> 0:00:26.599 New York call. It says nursing home deaths in the 0:00:26.640 --> 0:00:30.639 state were indeed undercounted. Plus we're another step closer to 0:00:31.000 --> 0:00:35.040 keeping daylight saving time permanent. I'm Michael barn More ahead, 0:00:35.280 --> 0:00:38.360 I'm John Stands. Sharon's sports sixty points for Tyree every 0:00:38.520 --> 0:00:40.400 and that's when the Rangers won, and over time a 0:00:40.479 --> 0:00:45.360 three Rizzo resigned with the eightning. That's all straight ahead 0:00:45.520 --> 0:00:49.200 on Bloomberg day Break on Bloomberg Element Trio, New York, 0:00:49.400 --> 0:00:54.120 Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston, 0:00:54.280 --> 0:00:58.800 Bloomberg nine sixty, San Francisco, Sirius x M one nineteen 0:00:59.160 --> 0:01:01.800 and around the world. Old on Bloomberg Radio dot Com 0:01:02.000 --> 0:01:08.679 and via The Bloomberg Business at Hey, good morning. I'm 0:01:08.720 --> 0:01:11.360 Karen Moscow, and I'm John Tucker at did Break. Being 0:01:11.400 --> 0:01:14.959 blunt You by Interactive Broker's Global Analysts helps you find 0:01:15.000 --> 0:01:19.440 new global investment opportunities. To diversify your portfolio and discover 0:01:19.640 --> 0:01:23.440 undervalued companies that may have greater growth potential. Try ib 0:01:23.560 --> 0:01:25.880 K are Global Analysts today at I b k R 0:01:26.000 --> 0:01:31.040 dot com. Slash g A and futures are higher this morning. 0:01:31.120 --> 0:01:33.200 We're six oh one on Wall Street and we checked 0:01:33.240 --> 0:01:36.280 the markets every fifteen minutes throughout the trading day. On Bloomberg. 0:01:36.360 --> 0:01:38.680 Right now, SMP futures at forty four points to DOWN 0:01:38.720 --> 0:01:41.720 futures up two hundred eighty four, and NASDAG futures are 0:01:41.800 --> 0:01:44.600 up two hundred twenty four. John and Cameron will have 0:01:44.680 --> 0:01:46.680 more on the markets in just a minute. But first, 0:01:47.040 --> 0:01:50.600 Russia says there is hope for compromise and Ukraine says 0:01:50.680 --> 0:01:55.120 Russia's positions sound quote more realistic. The latest from Bloomberg's 0:01:55.160 --> 0:02:00.000 Amy Morris in our newsroom in Washington. Ukrainian President vladam 0:02:00.000 --> 0:02:03.360 Here's a Lensky said Russia's positions in the negotiations sound 0:02:03.480 --> 0:02:06.640 more realistic as the two sides are scheduled for another 0:02:06.760 --> 0:02:10.360 round of talks today Russian Foreign Minister Sergei Lavrov says 0:02:10.600 --> 0:02:14.239 there is some hope for compromised but progress remains difficult. 0:02:14.600 --> 0:02:18.840 The overall military situation, however, is largely unchanged as Russian 0:02:18.880 --> 0:02:23.120 forces continue to strike infrastructure targets. This as President Biden 0:02:23.200 --> 0:02:26.120 prepares to travel to Brussels next week, and he is 0:02:26.160 --> 0:02:29.560 expected to announce another eight hundred million dollars in military 0:02:29.680 --> 0:02:33.720 aid for Ukraine, including more anti tank and anti aircraft missiles, 0:02:33.960 --> 0:02:36.200 that would bring the total aid package just in the 0:02:36.280 --> 0:02:39.720 past week to a billion dollars. In Washington, I maybe 0:02:39.760 --> 0:02:42.960 Morris Bloomberg daybreak, all right, Amy, thank you. Ukrainian President 0:02:43.040 --> 0:02:46.120 Zelenski is giving a virtual address before lawmakers in the 0:02:46.280 --> 0:02:48.880 US later this morning, and we get more from Bloomberg's 0:02:48.960 --> 0:02:52.240 Joe Matthew. He's gonna be speaking to Congress, essentially your 0:02:52.320 --> 0:02:54.080 joint session. They're not going to be in the House chamber. 0:02:54.080 --> 0:02:57.280 They'll have an auditorium set aside in the Capital complex 0:02:57.320 --> 0:02:59.079 for this because it will be a virtual address. It's 0:02:59.080 --> 0:03:00.799 supposed to be about nine of talk. And he was 0:03:00.840 --> 0:03:03.400 gonna say thank you, having, by the way, met privately, 0:03:03.520 --> 0:03:07.040 virtually but privately with lawmakers two weekends ago. This is 0:03:07.080 --> 0:03:08.799 going to be provided to the networks, It's going to 0:03:08.880 --> 0:03:11.120 be streamed online. People are gonna watch this on TV. 0:03:11.280 --> 0:03:13.720 So his audience is very different now as he tries 0:03:13.760 --> 0:03:16.679 to make the case for more military hardware if not 0:03:16.840 --> 0:03:19.320 a no fly zone, and so far the answer from 0:03:19.320 --> 0:03:21.480 the Pentagon on that one has been no. All right, 0:03:21.480 --> 0:03:23.919 thanks Joe. Well Joe Matthew will have analysis of President 0:03:24.000 --> 0:03:27.280 Zelenski's addressed later today on Bloomberg sound On at five 0:03:27.360 --> 0:03:30.799 pm Eastern Plus. You can catch President Zelenski's address live 0:03:30.880 --> 0:03:34.440 this morning at nine am on both Bloomberg Radio and television. 0:03:34.760 --> 0:03:37.840 And another major story investors are following this morning, also 0:03:38.000 --> 0:03:41.680 centered in Washington, the Fed is widely expected to begin 0:03:41.880 --> 0:03:45.360 its interest rate liftoff. Let's get a preview from Bloomberg 0:03:45.440 --> 0:03:48.720 Michael McKee. The what has been priced into markets. The 0:03:48.800 --> 0:03:51.480 Fed will raise the nation's benchmark interest rate by twenty 0:03:51.520 --> 0:03:55.000 five basis points. It's the what next that investors want 0:03:55.080 --> 0:03:57.960 to know, how many rate moves and how quickly, When 0:03:58.040 --> 0:03:59.920 and how do they start reducing the size of their 0:04:00.040 --> 0:04:02.760 balance sheet. Looked to the new dot plot and Economic 0:04:02.840 --> 0:04:06.480 Forecast for clues and listen to termin J. Powell explain 0:04:06.640 --> 0:04:10.880 how fast inflation comes down and how the Fed avoids recession. 0:04:11.120 --> 0:04:13.960 Michael mcketh, Bloomberg Debreak and thanks Mike. Full coverage of 0:04:14.000 --> 0:04:16.600 the FED decision and j Pale's news conference begins at 0:04:16.680 --> 0:04:19.560 one thirty pm Wall Street Time right here on Bloomberg 0:04:19.640 --> 0:04:22.880 Radio on television. I'll turn into the markets now, John 0:04:22.920 --> 0:04:25.680 Stocks in Hong Kong search nine per cent amid a 0:04:25.800 --> 0:04:28.880 pledge from China to keep capital markets stable. To get 0:04:28.920 --> 0:04:32.600 the recap from Bloomberg's Juliette Sally and Singapore. Good morning, Juliette, 0:04:32.640 --> 0:04:34.920 Good morning, John and Karen. The Hang Sang Tech Index 0:04:35.000 --> 0:04:37.640 rebounded from a brutal sell off to jump the most 0:04:37.760 --> 0:04:41.920 on record, lifting sentiment across the Asia Pacific. Hong Kong's 0:04:41.960 --> 0:04:44.320 Hang Sang Index had its biggest one day game since 0:04:44.400 --> 0:04:47.360 two thousand and eight. China's cs I three hundred jumped 0:04:47.360 --> 0:04:50.520 the most since July twenty. Equities in China and Hong 0:04:50.600 --> 0:04:53.000 Kong had been under pressure, treading one and a half 0:04:53.080 --> 0:04:55.480 trillion dollars combined over the first two days of this 0:04:55.600 --> 0:04:59.080 week on regulatory fears and speculation that Beijing's ties with 0:04:59.200 --> 0:05:02.440 Russian raised the risk of the U s backlash in Singapore. 0:05:02.520 --> 0:05:06.320 Juliet Sally Bloomberg Daybreak, Julia, Thanks, there are problems once 0:05:06.360 --> 0:05:09.920 again with nickel trading on the London Metal Exchange, and 0:05:10.000 --> 0:05:11.840 let's go live to London now get the latest with 0:05:12.040 --> 0:05:16.000 Bloomberg's Max Ramsey, Max Morning, John and Karen. We've seen 0:05:16.120 --> 0:05:19.320 real chaos in this nickel market and it does continue today. 0:05:19.400 --> 0:05:22.960 The London Metal Exchange finally reopened trading around two hours 0:05:23.000 --> 0:05:26.880 ago after a week long suspension. Straightaway it fell through 0:05:26.960 --> 0:05:29.320 this new five percent daily limit that the eleemy had 0:05:29.360 --> 0:05:32.359 set in the exchange then halted electronic trading of nickel 0:05:32.440 --> 0:05:35.080 contracts due to what they called a technical issue with 0:05:35.200 --> 0:05:37.680 that limit, though phone based trading is open. We'll have 0:05:37.800 --> 0:05:40.120 in person trading later today. But in terms of the 0:05:40.160 --> 0:05:43.240 price action, signs then of an easing of that historic 0:05:43.360 --> 0:05:46.279 short squeeze with the full we saw earlier Live in London, 0:05:46.360 --> 0:05:49.360 Max Ramsey Bloomberg Daybreak, Max, thank you. UK Prime Minister 0:05:49.480 --> 0:05:52.160 Boris Johnson began a visit to the United Arab Emirates 0:05:52.240 --> 0:05:54.840 and Saudi Arabia and hopes it convincing leaders to ramp 0:05:54.960 --> 0:05:58.960 up oil production. Bloomberg Samon Flashman says I'll take some persuading. 0:05:59.160 --> 0:06:02.479 We've seen both time be the bit resistant to plans 0:06:02.720 --> 0:06:06.960 to increase production by opac opec plus in the past. 0:06:07.080 --> 0:06:09.280 The UAE has seemed too in recent days become a 0:06:09.360 --> 0:06:12.000 little bit more amenable that there's just not enough oil 0:06:12.080 --> 0:06:15.400 being produced. And bloombors amount Foxman says Johnson helps more 0:06:15.440 --> 0:06:18.280 productional ease energy prices and checking oil right now and 0:06:18.360 --> 0:06:20.799 I'm at screwed oil up four ten percent at nineties 0:06:20.800 --> 0:06:23.120 six dollars eighty six cents a barrel. Brent is up 0:06:23.200 --> 0:06:25.520 one percent at a hundred dollars eighty six cents, And 0:06:25.720 --> 0:06:28.680 turning to the Pandemic Visor has a US reangulators to 0:06:28.800 --> 0:06:32.520 approve of second coronavirus booster shot for senior citizens. The 0:06:32.680 --> 0:06:35.880 latest now from Bloomberg's Reneeda Young, Good morning, Renada, Good morning. 0:06:35.960 --> 0:06:39.480 John Fiser says Israel had already started offering a fourth 0:06:39.560 --> 0:06:42.760 shot to older people and healthcare workers last year as 0:06:42.880 --> 0:06:46.479 omicrons circulated, and the data shows the fourth shot, given 0:06:46.520 --> 0:06:49.720 at least four months after the third, reduced the rate 0:06:49.760 --> 0:06:52.680 of infection and severe illness. That's compared to those who 0:06:52.720 --> 0:06:55.880 were given just one booster shot. The analysis was for 0:06:56.000 --> 0:06:59.200 over one point one million adults sixty and older and 0:06:59.320 --> 0:07:03.039 with no no history of COVID infection live in New York. 0:07:03.160 --> 0:07:06.160 I'm reneed a young Bloomberg daybreak, Reneeded, thanks very much 0:07:06.360 --> 0:07:08.159 ahead of the Cash Show. But on Wall Street down 0:07:08.200 --> 0:07:11.240 futures right now two hundred eighty eight points higher and 0:07:11.320 --> 0:07:14.880 smp E many futures of and the NaNs day futures 0:07:14.920 --> 0:07:18.880 of two hundred and twenty six points. This is Bloomberg 0:07:18.960 --> 0:07:24.800 daybreak and now six and seven on Wall Street. Let's 0:07:24.840 --> 0:07:26.760 bring in Michael Barr to find out what else is 0:07:26.800 --> 0:07:29.560 going on in New York end around the world, John, 0:07:29.640 --> 0:07:31.840 Thank you very much. Sarah. New York's Department of Health 0:07:31.960 --> 0:07:34.680 under report at the number of nursing home depths by 0:07:34.720 --> 0:07:38.640 as much as fifty during certain periods of the COVID 0:07:38.720 --> 0:07:42.559 nineteen pandemic, as according to an audit that criticized former 0:07:42.600 --> 0:07:47.520 Governor Andrew Cuomo's administration for faulty data collection and misleading statistics. 0:07:48.040 --> 0:07:50.840 The audit from the state comptroller says at least forty 0:07:51.400 --> 0:07:55.200 nursing home depths weren't accounted for from April of twenty 0:07:55.480 --> 0:07:59.640 to February of one. The suspect accused of gunning down 0:07:59.720 --> 0:08:01.920 seven row homeless people on the streets of New York 0:08:01.960 --> 0:08:05.680 City and Washington, d C. Remains in custody. Thirty year 0:08:05.720 --> 0:08:08.560 old Gerald Rivard is accused of killing at least two 0:08:08.640 --> 0:08:11.480 people and wounding three others over the past month. He 0:08:11.640 --> 0:08:15.080 was arrested at a Washington d C. Gas station. Bravard's 0:08:15.120 --> 0:08:18.920 father spoke after his son's arrest, revealing they don't know 0:08:19.080 --> 0:08:21.840 why his son chose to do what he did. Put 0:08:21.920 --> 0:08:27.080 my hands around him, my hug. Bravard's father told ABC 0:08:27.400 --> 0:08:30.400 he tried to get his son committed but couldn't because 0:08:30.520 --> 0:08:33.160 he is an adult. Americans would no longer need to 0:08:33.240 --> 0:08:37.440 change their clocks twice a year under a bipartisan proposal 0:08:37.520 --> 0:08:41.600 that passed the Senate. Legislation introduced by Senators Ed Markey 0:08:41.679 --> 0:08:45.880 and Marco Rubio would make daylight saving time permanent across 0:08:45.920 --> 0:08:49.360 the country. Senator Marco Rubio noted its appeal, It's an 0:08:49.480 --> 0:08:53.079 eclectic collection of members of the United States Senate in 0:08:53.200 --> 0:08:54.839 favor of what we've just done here in the Senate, 0:08:54.880 --> 0:08:57.080 and that's the pass a bill to make a daylight 0:08:57.120 --> 0:09:00.640 savings time permanent. The measure still needs approved from the House. 0:09:00.960 --> 0:09:04.599 South Korea says North Korea fired and unidentified projectile, but 0:09:04.720 --> 0:09:08.240 it is presumed that it failed immediately after launch. It 0:09:08.400 --> 0:09:11.520 was the tenth such weapons test this year. Second Gentleman 0:09:11.559 --> 0:09:14.600 Doug Imhof tested positive for COVID nineteen, the prompt Advice 0:09:14.679 --> 0:09:17.760 President Kamala Harris to cancel her appearance had an Equal 0:09:17.800 --> 0:09:20.439 Pay event last night at the White House. Harris tested 0:09:20.480 --> 0:09:23.800 negative for the virus. President Biden Toma chose not to 0:09:23.880 --> 0:09:27.600 take a chance since her husband had contracted COVID. Always 0:09:27.679 --> 0:09:31.760 feeling very well, I'm told by the way when he 0:09:31.880 --> 0:09:34.400 touched he's fine, but out of a mon it's a caution. 0:09:34.880 --> 0:09:37.839 She decided she wasn't going to join us today, but 0:09:38.160 --> 0:09:41.640 let's send her our love because she's something else. President 0:09:41.679 --> 0:09:44.800 Biden also said during the event, Women's History Month is 0:09:44.840 --> 0:09:48.040 an opportunity to honor the vision and the achievements of 0:09:48.160 --> 0:09:51.480 trailblazing women and girls. Global News twenty four hours a 0:09:51.559 --> 0:09:54.200 day on air and on Bloomberg quick Take, powered by 0:09:54.280 --> 0:09:57.160 more than twenty seven journalists and analysts more than a 0:09:57.240 --> 0:10:00.640 hundred twenty countries. I'm Michael Barr. This is Bloomberg. Joh Michael, 0:10:00.720 --> 0:10:07.199 thank you. It's coming up. On six Wall Street time 0:10:07.240 --> 0:10:10.119 down for the Bloomberg Sports Update, and here's John Stesshower. 0:10:10.200 --> 0:10:12.360 Thanks John. And Kyrie Irving isn't making news for not 0:10:12.440 --> 0:10:15.120 getting the vaccine and the controversy over him not being 0:10:15.120 --> 0:10:16.959 allowed to play home games. He's playing at least on 0:10:17.040 --> 0:10:19.320 the road. And last night Kyrie put on a show. 0:10:19.400 --> 0:10:24.360 Irving left Week three. God, they're sixty for Kyrie Irvy, 0:10:25.600 --> 0:10:31.079 a franchise record, a career high. Kyrie Irvy puts the 0:10:31.160 --> 0:10:33.599 nets up with thirty one ninety four with eight and 0:10:33.640 --> 0:10:36.079 a half to go, with the fourth quarter a time out. 0:10:36.200 --> 0:10:39.160 Orlando had it. Everything got taken out so he could 0:10:39.160 --> 0:10:41.080 have scored a lot more. He had forty one points 0:10:41.120 --> 0:10:43.880 at halftime, first NBA player to do that in five years. 0:10:43.920 --> 0:10:46.600 Then that's Wallop the magic one fifty to one oh eight. 0:10:46.679 --> 0:10:49.319 But tonight's game is at home, so Irvan consider in 0:10:49.360 --> 0:10:51.240 the stands, but he can't play. And now there are 0:10:51.360 --> 0:10:54.920 questions about me and Yankee players who haven't gotten the vaccine. 0:10:54.920 --> 0:10:57.840 Apparently it's the same for outdoor sporting events. And when 0:10:57.880 --> 0:11:01.120 Aaron Judge was asked if he's vaccinated, sidestep the question. 0:11:01.160 --> 0:11:03.800 The Yankees are bringing back Anthony Rizzo to play first base. 0:11:04.000 --> 0:11:06.400 Acquired last summer after a decade with the Cubs, he 0:11:06.520 --> 0:11:08.440 was a free agent. The Yanks now have a surplus 0:11:08.520 --> 0:11:11.960 of infielders. Someone like Luke Broight and or Labor Torres 0:11:12.040 --> 0:11:14.199 may not have to go at the Garden Rangers. The 0:11:14.240 --> 0:11:16.920 fourth three overtime went over Anaheim. Adam Fox the game 0:11:16.960 --> 0:11:19.440 whenever he also had to assists Chris Tryer. The game 0:11:19.520 --> 0:11:22.120 tying goal is thirty ninth three assist for our Tommy 0:11:22.160 --> 0:11:25.280 pannerin Devils lost in Vancouver six. Three of the Islanders 0:11:25.320 --> 0:11:28.440 lost in Washington for three in a shootout. The Giants 0:11:28.440 --> 0:11:31.760 signed the veteran Tyrod Taylor, so unlike last year when 0:11:31.800 --> 0:11:34.440 Daniel Jones got hurt, the Giants now have a dependable 0:11:34.880 --> 0:11:38.080 backup quarterback. The Jets signed to free agent defensive back 0:11:38.120 --> 0:11:41.319 safety Jordan Whitehead had been with Tampa Bay quarterback d J. 0:11:41.480 --> 0:11:45.080 Reid coming from Seattle. John Dash Award Bloombird Sports John 0:11:45.280 --> 0:11:47.320 John thanks a lot the futures right now and indicate 0:11:47.360 --> 0:11:50.200 a higher open of Wall Street. This Sporting Dal futures 0:11:50.800 --> 0:11:53.720 three hundred twenty five points higher, up about one percent, 0:11:53.880 --> 0:11:56.800 as and P futures fifty points higher. Off one point 0:11:56.840 --> 0:11:59.680 two percent, the NASA futures of two hundred forty five 0:12:00.240 --> 0:12:03.920 up one point eight percent. This is Bloomberg Day Break 0:12:06.400 --> 0:12:08.160 pay Break brought to you by an Audie. Don't let 0:12:08.200 --> 0:12:10.720 someone else drive off of the Aubie model you've always wanted. 0:12:11.200 --> 0:12:13.880 Visit your tri state Abbei dealer to get behind the 0:12:13.920 --> 0:12:16.920 wheel of yours today. Visit Autie Offers dot com for 0:12:17.120 --> 0:12:25.120 more information, markets, headlines and breaking news twenty four hours 0:12:25.160 --> 0:12:28.160 a day at Bloomberg dot Com, the Bloomberg Business App, 0:12:28.240 --> 0:12:32.000 and at Bloomberg Quick Tape. He's a Bloomberg Business lash 0:12:38.080 --> 0:12:40.719 and I'm Karen Moscow. Stocks are searching u s Dock 0:12:40.800 --> 0:12:43.520 Index futures are climbing as China is about a stabilize 0:12:43.520 --> 0:12:46.480 battered markets lift sentiment after weeks of worries about war 0:12:46.640 --> 0:12:50.760 and high inflation, treasuries steady and the dollars slipping ahead 0:12:50.800 --> 0:12:53.080 of the Federal reserves rate decision. We checked the markets 0:12:53.080 --> 0:12:56.199 every fifteen minutes throughout the trading day on Bloomberg s 0:12:56.280 --> 0:12:59.560 and P futures up fifty seven points down, futures up 0:12:59.600 --> 0:13:02.600 three d eighty at NASTACK futures up two hundred fifty 0:13:02.679 --> 0:13:05.439 seven that's up one point nine percent. The decks in 0:13:05.520 --> 0:13:08.319 Germany's up two point eight percent. The ten year treasury 0:13:08.400 --> 0:13:10.720 down five thirty seconds. Now the yel two point one 0:13:10.840 --> 0:13:13.559 six percent, yield on a two year one point eight 0:13:13.600 --> 0:13:17.120 four percent. Nine max screwed oil is moving lower. It's 0:13:17.200 --> 0:13:20.200 now down one percent. It's sound ninety three cents at 0:13:20.280 --> 0:13:23.360 ninety five sixty cents a barrel. Comics gold is down 0:13:23.440 --> 0:13:27.400 half percent or eight dollars eighty cents at ninety one announced. 0:13:27.520 --> 0:13:30.680 The euro one point one zero zero three against the dollar, 0:13:30.720 --> 0:13:33.719 British found one point three zero six eight. How the 0:13:33.840 --> 0:13:36.400 end is at one eighteen point three three and checking 0:13:36.440 --> 0:13:39.520 bitcoin this morning, it's up almost three percent at forty 0:13:39.600 --> 0:13:43.199 thousand and five hundred forty dollars. That's a Bloomberg business flash. 0:13:43.240 --> 0:13:45.280 Now here's Michel Barrow with more on what's going on 0:13:45.400 --> 0:13:48.360 around the world. Michael Karen, thank you very much. This 0:13:48.800 --> 0:13:53.040 just breaking on the Bloomberg terminal comes as Ukraine and 0:13:53.160 --> 0:13:56.559 Russia are talking today. According to the Kremlin, they want 0:13:56.760 --> 0:14:00.600 Ukraine to remain neutral. Ukraine's president is preparing to make 0:14:00.640 --> 0:14:02.840 a direct appeal for more help, and a rare speech 0:14:02.920 --> 0:14:06.760 by foreign leaders to the US Congress, even as Russia 0:14:06.800 --> 0:14:10.840 continued its bombardment of the Ukrainian capital. Viewing his speech 0:14:10.880 --> 0:14:14.599 to Congress, President Voladimir Zolinski thank President Joe Biden and 0:14:14.920 --> 0:14:17.720 all the friends of Ukraine for thirteen point six billion 0:14:17.800 --> 0:14:20.400 dollars in new support. In the NBA, the Nets on 0:14:20.480 --> 0:14:22.680 the road be the Magic one fifty one away. Kyrie 0:14:22.720 --> 0:14:25.040 Irving put up a sixty spot in the NHL. The 0:14:25.120 --> 0:14:28.120 Rangers beat the Ducks in overtime for three. The Islanders 0:14:28.160 --> 0:14:30.880 lost in the shootout to the Capitol's for three. The 0:14:30.960 --> 0:14:33.760 Devil's lost the Bruins one in ot against the Blackhawks 0:14:33.960 --> 0:14:36.600 to one. Global News twenty four hours a day on 0:14:36.760 --> 0:14:39.520 air and on Bloomberg Quick Tank, powered by more than 0:14:39.600 --> 0:14:42.000 twenty seven hundred journalists and analysts more than a hundred 0:14:42.040 --> 0:14:45.640 twenty countries. Michael Barr and this is Bloomberg. Johm alright, Michael, 0:14:45.640 --> 0:14:48.000 thank you very much. Six twenty Wall Street were lying 0:14:48.040 --> 0:14:51.920 for the Bloomberg Interactive Brokers studios. This is Bloomberg Daybreak. 0:14:51.960 --> 0:14:54.920 As Michael just mentioned, the Ukrainian President, FLADOMR. Zolinski is 0:14:54.920 --> 0:14:58.000 going to deliver a virtual address to the Congress today, 0:14:58.280 --> 0:15:00.360 caring that speech live starting at nine a in Wall 0:15:00.440 --> 0:15:03.560 Street time. And ahead of that, we did get these 0:15:03.640 --> 0:15:08.360 headlines the Kremlin saying that a neutral Ukraine with its 0:15:08.520 --> 0:15:14.520 own army is a possible compromise option. The Kremlin also 0:15:14.880 --> 0:15:19.640 discussing Austria, Sweden neutrality model for Ukraine. Let's break all 0:15:19.720 --> 0:15:22.640 this down with Bloomberg Washington correspondent for radio and TV 0:15:23.280 --> 0:15:25.440 and Marie hord durn Amory. Good to talk to you, 0:15:25.520 --> 0:15:29.240 Thanks for being with us. Sounds a little more optimistic, 0:15:29.400 --> 0:15:31.360 but then again you have to consider the source. This 0:15:31.480 --> 0:15:34.720 is coming from the Kremlin, Yes, exactly, and good morning, John, 0:15:34.760 --> 0:15:37.280 thanks for having me. So first consider the source. We 0:15:37.320 --> 0:15:40.280 should know that the Kremlin has for weeks leading up 0:15:40.280 --> 0:15:43.400 to the invasion said Russia had no intentions of invading, 0:15:43.440 --> 0:15:45.600 and of course we know that is not true. There's 0:15:45.600 --> 0:15:48.640 a war in Ukraine, but there have been diplomatic talks. 0:15:48.720 --> 0:15:51.680 There's another round of diplomatic talks today. And ahead of that, 0:15:52.120 --> 0:15:54.840 talking about the fact that the Kremlin is even discussing 0:15:54.920 --> 0:15:59.440 this model, this neutrality model, taking after what Austria has done, 0:15:59.480 --> 0:16:02.360 what Sweden has done. At the same time, letting Ukraine 0:16:02.400 --> 0:16:05.440 have its own army is moving in the right direction. 0:16:05.480 --> 0:16:07.520 Of the diplomacy front, and just so you have an 0:16:07.560 --> 0:16:10.400 idea of what a neutrality model looks like. Austria did 0:16:10.480 --> 0:16:13.520 this in the nineteen fifties and basically they put in 0:16:13.520 --> 0:16:16.160 their constitution that they will remain neutral, they will not 0:16:16.280 --> 0:16:19.560 try to go enter into any sort of alliances. I e. 0:16:20.000 --> 0:16:22.280 This would be a big deal because potentially this means 0:16:22.400 --> 0:16:25.320 Ukraine could not join NATO, but also they would not 0:16:25.400 --> 0:16:29.280 have any foreign military bases on their soil. And as 0:16:29.320 --> 0:16:32.880 those negotiations take place their schedule today between Ukraine and 0:16:32.960 --> 0:16:36.160 Russian officials. If I remember also that the the officials 0:16:36.200 --> 0:16:40.840 who are doing the negotiations negotiations for the Kremlin, they're 0:16:41.000 --> 0:16:45.080 not high level individuals, are they. No, they do report back, 0:16:45.200 --> 0:16:47.000 but you make a good point that a lot of 0:16:47.080 --> 0:16:49.800 reporting is out there. The fact that President Vladimir Putin 0:16:50.200 --> 0:16:54.040 has maintained a very very small circle of individuals around 0:16:54.160 --> 0:16:57.520 him from the FSB, which is the former KGB in Russia, 0:16:57.760 --> 0:17:02.240 the security apparatus. Uh So it depends how much these 0:17:02.400 --> 0:17:06.800 individuals that are negotiating with Ukrainians are actually connected to 0:17:06.920 --> 0:17:08.800 that inner circle. It's a very good point in a 0:17:08.920 --> 0:17:11.639 nuance that we should keep an eye on and Zelinski 0:17:11.800 --> 0:17:14.320 has said that the well, what does he have said 0:17:14.320 --> 0:17:18.639 about the positions that Russia has has made. Well, for 0:17:18.720 --> 0:17:21.880 the first part, the simple one is that they want 0:17:21.960 --> 0:17:26.359 Russia immediately to withdraw the troops. And they will say 0:17:26.400 --> 0:17:28.840 that Russia talks about peace, but at the same time, 0:17:29.560 --> 0:17:32.159 what is happening in terms of action on the ground 0:17:32.440 --> 0:17:37.880 has not stopped, in terms of bombardment and missiles of cities, 0:17:38.040 --> 0:17:41.200 including a number of places where there are lots of 0:17:41.280 --> 0:17:44.879 civilians that are attempting and trying to evacuate. So for 0:17:45.000 --> 0:17:47.560 the first part, they want their words and rhetoric to 0:17:47.640 --> 0:17:51.119 match actions on the ground. Okay, the speech today, the 0:17:51.280 --> 0:17:55.200 virtual speech to the Congress, it's kind of hearkened back 0:17:55.240 --> 0:17:58.040 to I gotta imagine Winston Churchill, he was the last 0:17:58.080 --> 0:18:02.719 wartime leader I believe, to address a Congress and uh, 0:18:03.359 --> 0:18:05.360 he's in good company. What's what's he going to send 0:18:05.400 --> 0:18:07.760 to the Congress? Well, based off what he said to 0:18:07.880 --> 0:18:11.399 European leaders. As you mentioned, Winston Churchill, he has spoken 0:18:11.440 --> 0:18:15.320 to British Parliament, most recently to Canadian lawmakers. He really 0:18:15.440 --> 0:18:19.120 makes these impassioned, emotional speeches and one of those actually 0:18:19.440 --> 0:18:22.359 his translator choked up because it was so emotional. But 0:18:22.520 --> 0:18:26.000 he will use this moment to try to implore Congress 0:18:26.240 --> 0:18:29.280 to push the administration to what he would say, close 0:18:29.359 --> 0:18:33.359 the skies. Now, many in Congress and the administration agree 0:18:33.400 --> 0:18:35.399 that there could be a no fly zone. The President 0:18:35.440 --> 0:18:38.360 has said last week that basically means world War three 0:18:38.440 --> 0:18:43.000 because you would have US jets potentially striking down Russian jets. 0:18:43.520 --> 0:18:49.120 But potentially Presidents Volodamir Zelensky could push Congress, especially Republicans, 0:18:49.320 --> 0:18:52.520 to put pressure on the administration to at least get 0:18:52.640 --> 0:18:56.080 Poland to transfer fighter jets over the Ukrainian border. P 0:18:56.240 --> 0:18:58.879 emrie Um, before you go, how does this play in 0:18:58.920 --> 0:19:02.280 the mid term elections, It's a great question. I think 0:19:02.359 --> 0:19:05.639 that's twofold one. Most Americans, if you look at the polls, 0:19:06.000 --> 0:19:09.879 agree that what the administration is doing, that they should 0:19:09.880 --> 0:19:14.200 be putting harsh sanctions on President Putin for what is 0:19:14.240 --> 0:19:16.520 going on in Ukraine. But the second part of that 0:19:16.720 --> 0:19:20.000 is that there are economic consequences to what is happening 0:19:20.080 --> 0:19:24.399 back home. Russia is a massive commodity producer mostly UH. 0:19:24.520 --> 0:19:27.320 The one that would affect America the most is obviously oil. 0:19:27.640 --> 0:19:31.520 They're the third biggest UH producer's second biggest exporter. That 0:19:31.640 --> 0:19:35.200 means higher gasolene prices. This administration has been struggling with 0:19:35.240 --> 0:19:38.200 inflation already and that will only make it worse. Always 0:19:38.240 --> 0:19:40.960 good to talk to you, Bloomberg Washington correspondent for radio 0:19:41.000 --> 0:19:43.480 and TV and Marie or Duran and we're gonna counter 0:19:43.560 --> 0:19:47.320 that speech by President Zelinsky that should be round nine 0:19:47.359 --> 0:19:50.440 o'clock both on radio and television. Just a reminder those 0:19:50.480 --> 0:19:53.119 headlines that we got the kram one saying in neutral 0:19:53.240 --> 0:19:57.240 Ukraine with its own army possible and uh so a 0:19:57.320 --> 0:19:59.880 little more optimistic as far as markets and some pep 0:20:00.119 --> 0:20:03.880 jus right now up one point. This is Bloomberg day Break, 0:20:06.040 --> 0:20:08.119 day Break warunt You by the Jewish Communal Fund j 0:20:08.240 --> 0:20:10.639 c AMS donor advised fund is the smart choice to 0:20:10.680 --> 0:20:14.680 manage your philanthropy, especially in times of crises. Make your 0:20:14.720 --> 0:20:18.080 giving impactful. Visit j c F n y dot org 0:20:22.000 --> 0:20:26.480 broadcasting live from the Bloomberg Interacted Broker Studio in New York. 0:20:26.640 --> 0:20:31.280 Bloomberg Living Freemant to Washington, d C. Bloomberg to Boston, 0:20:31.400 --> 0:20:34.800 Bloomberg one O six one does San Francisco, Bloomberg Non 0:20:34.880 --> 0:20:38.119 sixty to the country Sirius XM chantal one nineteen and 0:20:38.240 --> 0:20:41.560 around the globe, the Bloomberg Business app and Bloomberg Radio 0:20:41.720 --> 0:20:50.520 dot com. This is Bloomberg day Break and at six 0:20:50.600 --> 0:20:53.399 thirty on Wall Street. Good morning, I'm John Tucker and 0:20:53.480 --> 0:20:56.399 I'm kerin Moscow. We're just about three hours away from 0:20:56.440 --> 0:20:58.640 the open of US trading. Time for the five things 0:20:58.680 --> 0:21:00.600 you need to notice. Start your Hey brought to you 0:21:00.760 --> 0:21:04.400 by Interactive Brokers Simple i v k R Global Trader App. 0:21:04.760 --> 0:21:07.640 Deposit in your local currency and trade stocks in the US, 0:21:07.720 --> 0:21:11.200 Europe and Asia. Start your free trial at ibkr dot com. 0:21:11.280 --> 0:21:15.159 Slash Global Trader up. First, an update on talks from Russia. 0:21:15.200 --> 0:21:18.000 The Kremlin says a neutral Ukraine with its own army 0:21:18.400 --> 0:21:21.520 is a possible compromise option. The announcement comes and it 0:21:21.640 --> 0:21:25.000 continued to swing in Ukraine and negotiations happening today between 0:21:25.080 --> 0:21:29.120 Russian and Ukrainian leaders. Meanwhile, President Biden expended to announce 0:21:29.160 --> 0:21:32.359 more than one billion dollars in Ukraine military aid today. 0:21:32.680 --> 0:21:35.959 Bloomberg's at Baxter has that story. This will come from 0:21:36.000 --> 0:21:38.639 the thirteen point six billion in aid that was passed 0:21:38.680 --> 0:21:42.400 by Congress and will provide anti armor and anti air 0:21:42.520 --> 0:21:46.440 systems that include javelins and stingers as well. Secretary of 0:21:46.520 --> 0:21:49.680 State Anthony Blincoln is saying it will complement the humanitarian 0:21:49.720 --> 0:21:54.120 aid already being sent. This comes as Ukraine's President Volatimer 0:21:54.200 --> 0:21:57.960 Zelensky is scheduled to address Congress today in San Francisco. 0:21:58.000 --> 0:22:01.240 I'm at Baxter Bloomberg daybreak, and thank you staying in Washington. 0:22:01.280 --> 0:22:03.719 And interest rate high coming from the Federal Reserve. For more, 0:22:03.800 --> 0:22:06.600 here's Bloomberg's vine down. Juda Ice econd of is say 0:22:06.640 --> 0:22:09.800 the Federal race its benchmark interest rate by a quarter point, 0:22:09.880 --> 0:22:14.280 the first rate increase in eighteen. US inflation is running 0:22:14.280 --> 0:22:17.840 at the highest levels in four decades, and gradual tightening 0:22:17.920 --> 0:22:22.120 will probably continue Bloomberg economics, as in more normal time, 0:22:22.240 --> 0:22:25.439 such inflation data would support a larger FED rate increase, 0:22:25.520 --> 0:22:29.119