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Speaker 1: Five from the Bloomberg Interact. Dave Brooker Studios. Is is is

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Speaker 1: Bloomberg Daybreak for Friday, April late. Coming up to sour

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Speaker 1: economic pressure ratchets up on Russia. We are live in

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Speaker 1: Europe with the latest. Jenny Yellen's push for a global

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Speaker 1: tax agreement suffers a setback. The war hits food supply

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Speaker 1: as prices serge at the fastest pace ever, and Elon

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Speaker 1: Musk is set to address the staff at Twitter after

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Speaker 1: taking a stake in the company. New York lawmakers struck

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Speaker 1: a two hundred twenty billion dollar budget deal. Plus today

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Speaker 1: President Bike will celebrate future Supreme Court Justice Jackson. Michael

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Speaker 1: barn Or Ahead, I'm John stashdown towards the season opening

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Speaker 1: win for the Mets, A big win for the Rangers,

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Speaker 1: and they'll play the second round of the Masters today.

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Speaker 1: That's all straight Ahead on Bloomberg Daybreak on Bloomberg eleven,

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Speaker 1: Free on New York, Bloomberg one, Washington, d C, Bloomberg

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Speaker 1: one O six one, Boston, Bloomberg nine sixties, San Francisco,

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Speaker 1: Sirius x M one nineteen and around the world on

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Speaker 1: Bloomberg Radio dot com and via the Bloomberg Business Act.

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Speaker 1: Good morning. I'm Nathan Hagar and I'm Karen. Moscow and

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Speaker 1: US Dock Index futures are higher to end the week.

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

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

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Speaker 1: trading day. On Bloomberg S and P futures up about

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Speaker 1: ten points, Dow futures up ninety six, Nasadack future is

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Speaker 1: up thirty two, the ten year treasury down four thirty seconds,

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Speaker 1: held two point six seven percent. They yield on the

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Speaker 1: two year two point five one percent, and NIMEX screwed

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Speaker 1: oil is up nine ten percent at ninety six dollars

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Speaker 1: five cents a barrel. Nathan, all right, Karen, we'll have

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Speaker 1: more on the markets in a minute. First, the latest

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Speaker 1: on the war Ukraine says dozens of civilians have been

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Speaker 1: killed in a Russian attack on a railway station in Dennette.

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Speaker 1: Russia denies it. Meantime, the un A General Assembly has

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Speaker 1: voted to suspend Russia from the Human Rights Council, and

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Speaker 1: that's just the first step, Bloomberg said. Baxter reports. Secretary

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Speaker 1: of State Antony Blanken says exactly the right move. When

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Speaker 1: US Ambassador the U N Lynda. Thomas Greenfield says, the

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Speaker 1: body must proceed with investigation and punishment. It's about the

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Speaker 1: credibility of the U n Right now, the world is

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Speaker 1: looking to us. They're asking if the United Nations is

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Speaker 1: prepared to meet this moment. Greenfield calls it an historic

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Speaker 1: moment with work left to be done. In San Francisco,

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Speaker 1: I'm at Baxter Bloomberg Daybreak. All right, and thank you well.

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Speaker 1: For the first time, the European Union has now targeted

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Speaker 1: Russia's crucial energy revenues. We go live to London and

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Speaker 1: get the latest at Bloomberg's Max Ramsey, Good morning, Max,

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Speaker 1: Morning to you, Karen and Nathan. Yes, the European Union

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Speaker 1: has banned co imports from Russia. As you say, this

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Speaker 1: is a significant step. It's the first move targeting energy

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Speaker 1: revenue from the European Union the sanctions. The sanctions package

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Speaker 1: also includes a preventions on Russian trucks and ships from

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Speaker 1: entering the EU it Previously there were no sanctions on energy.

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Speaker 1: Germany hungry among those blocking this move given their reliance

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Speaker 1: on Russian fossil fuels. Now some members want to go

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Speaker 1: further and want more measures on Russian energy imports. And

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Speaker 1: oil in particular, Live in London, Max Ramsey, Bloomberg Daybreak. Okay, Max, thanks,

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Speaker 1: So many analysts think energy sanctions will put more pressure

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Speaker 1: on Vladimir Putin. Tigar Shamali is a former policy advisor

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Speaker 1: in the Treasury Department Sanctions Division. The language he understands

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Speaker 1: the most is the threat of military force, and so

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Speaker 1: I don't want to equate the threat of sanctions to

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Speaker 1: the threat of military force when it comes to changing

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Speaker 1: his behavior and compelling him to negotiate um. But it

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Speaker 1: helps further the pressure and it helps most importantly limit

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Speaker 1: his ability to finance his violence machine. Former Treasury advisor

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Speaker 1: Hugar Shamali was a guest on Bloomberg Sound On. You

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Speaker 1: can catch the program weekdays at five pm Eastern on

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Speaker 1: Bloomberg Radio. Meantime, Nathan, the war in Ukraine is having

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Speaker 1: a major impact on the cost of food. Global food

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Speaker 1: prices are searching at the fastest pace ever as the

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Speaker 1: war rates, havoc on supply chains and the Black Sea

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Speaker 1: region that sent food prices to were record But the

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Speaker 1: United Nations index at World costs storing last month, and

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Speaker 1: we have more economic news this morning, caring as several

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Speaker 1: feed officials weigh in on policy. St. Louis President Jim

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Speaker 1: Bullard says he favors raising interest rates sharply to counter

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Speaker 1: the highest inflation in four decades. This Taylor rule calculation

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Speaker 1: is telling us that where we should be in a

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Speaker 1: minimal under minimal assumptions, very generous assumptions. It's saying you

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Speaker 1: should be a three and a half percent, where we

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Speaker 1: actually only one third of one percent, or thirty seven

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Speaker 1: and a half basis points. So you're too low by

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Speaker 1: about three basis points. St. Louis Fed President Jim Bullard

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Speaker 1: suggesting he backs the fifty basis point hike in May. However,

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Speaker 1: Atlanta's Raphael Bostick supports increases more in line with the

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Speaker 1: path laid out by the FEDS projections or dot plot.

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Speaker 1: I think it's fully appropriate that we move our policy

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Speaker 1: UH closer to a neutral position, but I think we

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Speaker 1: need to do it in a measured way. Atlanta Fed

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Speaker 1: President Raphael Bostick is a voter this year on the

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Speaker 1: rate setting f o MC. Meantime, Nathan FED meetings could

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Speaker 1: see some new faces on the way. Senate Banking Chairman

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Speaker 1: Sheared Brown says he expects votes by the full Chamber

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Speaker 1: on President Biden's for FED board nominees later this month.

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Speaker 1: To get the details from Bloomberg's Charlie Pellett. He thinks

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Speaker 1: that will happen after the Senate's two week break. The

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Speaker 1: Ohio Democrats said he also hopes Biden will have nominated

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Speaker 1: a new vice chair of supervision by then. Brown said

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Speaker 1: he expects Lisa Cook, a pick for FED governor or

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Speaker 1: Lele brainer nominated as vice chair, to be the first

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Speaker 1: to be confirmed. Republicans have lined up in opposition to Cook,

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Speaker 1: but four Republicans back Brainerd in the Banking Committee in

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Speaker 1: New York. Charlie Bloomberg Day Break. All right, Charlie, thank you.

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Speaker 1: At the Treasury Department this morning, there may be a

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Speaker 1: setback for Janet Yellin's push for a global tax agreement.

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Speaker 1: Let's get the latest on that live from Bloomberg's John Tucker,

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Speaker 1: John Nathan. It looks like big business is not backing

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Speaker 1: the plan. Executives at eight major US based multinational corporations

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Speaker 1: interviewed Black Bloomberg said that forn't too much remains unknown

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Speaker 1: about the deal. Transit Secretary Yelling counting on their support,

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Speaker 1: which could be critical to help win passage in Congress.

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Speaker 1: Corporate leaders agree the groundbreaking global deal that Yelling secured

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Speaker 1: last year could deliver important benefits by helping to reduce

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Speaker 1: disputes and prevent trade wars, but they also called the

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Speaker 1: plan overly complex. Live in New York, I'm John Tucker,

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Speaker 1: Bloomberg Daybreak. All right, John, thank you about turning to

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Speaker 1: corporate news. Now it's all about Twitter again this morning,

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Speaker 1: just days after announcing a stake in the company, Elon

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Speaker 1: Musk is reportedly set to address the staff, and we

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Speaker 1: get the details live from Bloomberg's or need a young

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Speaker 1: good morning Ready down, Good morning, Karen. Twitter is planning

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Speaker 1: to host Elon Musk for a qu a day session

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Speaker 1: with employees. That's according to company messages obtained by The

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Speaker 1: Washington Post, which says there are internal outcries over Musk's

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Speaker 1: appointment to Twitter's board of directors. Town hall meetings like

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Speaker 1: this they're not new to Silicon Valley, but it's rare

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Speaker 1: to host a board member at one. Twitter is hoping

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Speaker 1: to calm any anxiety workers have about Musk's impact on

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Speaker 1: company culture by giving them the chance to ask him anything.

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Speaker 1: Live in New York. I'm Renita young Bloomberg daybreak. Okay,

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Speaker 1: we need to thank you. SMP futures now up ten points,

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Speaker 1: Stafle futures up nine, Nasdaq futures up thirty four points

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Speaker 1: in the tenure treasury yield two point six seven percent.

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Speaker 1: Local headlines next, plus a check of sports. This is Bloomberg.

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Speaker 1: It sounds six so seven on Wall Street where forty

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Speaker 1: nine degrees in Central Park. We got an accident on

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Speaker 1: northbound FDR Drive at seventy nine. More coming up in traffic. First,

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Speaker 1: Michael Barr with what else is going on in New

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Speaker 1: York and around the world. Michael, thank you very much, Nathan.

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Speaker 1: New York Governor Kathy Hokel and legislative leaders struck a

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Speaker 1: two hundred twenty billion dollar budget deal that promises a

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Speaker 1: little less pain at the pump, help for working parents,

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Speaker 1: and new tax breaks. It is balanced and appairs a

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Speaker 1: bold vision with a fiscally responsible approach. Very important to me.

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Speaker 1: We are making historic investments that will make different people's

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Speaker 1: lives right now, but also more portly. These are legacy

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Speaker 1: achievements to be noted for years to come. Governor Hokel

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Speaker 1: says the budget includes a two point two billion dollar

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Speaker 1: homeowner tax rebate. It also has a six month suspension

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Speaker 1: of the state's fuel tax and two seven million dollars

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Speaker 1: in child tax credits. Former Governor Andrew cuomoms the key

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Speaker 1: deadlined amount of challenge against Governor Cathy Ocle in this

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Speaker 1: year's New York Democratic primary. Prospective candidates had until five

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Speaker 1: pm yesterday to electronically file fifteen thousand signatures necessary to

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Speaker 1: achieve a place on the Democratic primary ballot. Manhattan District

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Speaker 1: Attorney Alvin Bragg says a criminal investigation and to former

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Speaker 1: President Donald Trump and his business practices is continuing despite

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Speaker 1: a recent shakeup in the probe's leadership. It was part

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Speaker 1: of a double dose of bad legal news for Trump.

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Speaker 1: New York's Attorney General wrote Letitia James also asked a

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Speaker 1: court to hold Trump in contempt and find him ten

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Speaker 1: thousand dollars per day for failing to comply with the

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Speaker 1: subpoeni enough for documents in her ongoing civil investigation. President

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Speaker 1: Joe Biden today will celebrate the confirmation of Judge Katangi

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Speaker 1: Brown Jackson to the Supreme Court. Vice President Kamala Harris

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Speaker 1: says she was honored to preside over the Senate for

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Speaker 1: yesterday's confirmation vote. The Senate approved Judge Jackson in a

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Speaker 1: fifty three seven vote, making her the first black woman

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Speaker 1: to serve as a Supreme Court justice. What a glorious day.

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Speaker 1: In the evening, it is, what holiest day. Vice President

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Speaker 1: Harris spoke during an event at the National Art Gallery

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Speaker 1: last night. One person who can't be at today's celebration

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Speaker 1: is how speaker Nancy Pelosi. She tested positive for COVID yesterday.

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Speaker 1: The test came less than twenty four hours after she

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Speaker 1: was standing next to President Biden for bill signing. Global

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Speaker 1: News twenty four hours a day on air and on

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Speaker 1: Bloomberg Quick Take, powered by more than under journalists and

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Speaker 1: analysts more than a d twenty countries. I'm Michael bar

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Speaker 1: This is Bloomberg. Nathan. All right, Michael, Thanks six o

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Speaker 1: nine on Wall Street. Time for the Bloomberg Sports Update

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Speaker 1: with John Stenshaw. All right, Nathan. Since nineteen seven eight,

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Speaker 1: the Mets the only one in the World Series once.

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Speaker 1: But what they have done over the last fifty three

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Speaker 1: years is being dominant on opening day, an incredible record

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Speaker 1: of forty and thirteen. It was five one in Washington.

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Speaker 1: Tyler McGill a surprise opening day starter held five score

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Speaker 1: of sitnings. Eight of the nine METS starters had hits.

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Speaker 1: Robinson Canoe had two, so did Peter Alonso and Marc Anna.

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Speaker 1: Tonight in d C, it's Max Scherzer's METS debut, facing

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Speaker 1: his old team who at the Skies now clear Yankees

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Speaker 1: and Red Sox set to open their seasons today at

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Speaker 1: the Stadium. Garrett cole versus Nasa. Evaldi also this afternoon

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Speaker 1: round two of the Master's Tangier Woods as a late

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Speaker 1: DA time which gives him a chance to recover from

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Speaker 1: his first competitive round in a year and a half.

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Speaker 1: It was a very impressive one oh one under par seven.

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Speaker 1: You want to play this golf course and to do

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Speaker 1: what I did today to make the to hit the

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Speaker 1: shufts in the right spotting line. I know where to

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Speaker 1: hit it to a lot of these pins and I'm

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Speaker 1: missing the correct spots and give myself good ankle. And

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Speaker 1: I did that all day and I was able to

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Speaker 1: make a few puts and end up in the red.

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Speaker 1: Luck I am right now. Year old Korean Sun Jam

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Speaker 1: shot sixty seven. He's got a one shot lead on

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Speaker 1: the aussee. Cameron Smith hourly updates on Bloomberg Radio The

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Speaker 1: Master's Tonight wrap up show with eleven. If the NHL

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Speaker 1: season and and out, the Rangers would face Pittsburgh opening

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Speaker 1: around of the playoffs. They just met the Penguins three

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Speaker 1: times over the last two weeks and one all three.

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Speaker 1: It was three nothing at the Guard with Igor sister

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Speaker 1: Can making thirty says for his fourth shutout. First in January,

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Speaker 1: Devils lost in Montreal seven to four. Final weekend of

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Speaker 1: the NBA regular season. The nixed closed out tonight in

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Speaker 1: Washingtonton and then Sunday against Toronto. Nets have home games

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Speaker 1: tomorrow and Sunday versus Cleveland and Indiana. Johns Bloomberg Sports Nation, Okay, John,

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Speaker 1: thanks right now. S and p futures are up eleven

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Speaker 1: points down futures up a hundred seven nanstack futures are

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Speaker 1: higher by thirty eight points. The tenure treasury down to

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Speaker 1: thirty seconds. The yield two point six six yield on

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Speaker 1: the two year two point five zero percent. The latest

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Speaker 1: on the war and pressure on rush at next will

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Speaker 1: be checking in with Greg Valier of a GF. This

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Speaker 1: This is a Bloomberg Business flash and I'm Karen Moscow

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Speaker 1: stops ending the week on a positive note, with European

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Speaker 1: equity snapping two days at a client sparked by the

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Speaker 1: federal reserves plan for aggressive monetary policy tightening, and US

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Speaker 1: stock index futures on the rise. We checked the markets

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Speaker 1: every fifteen minutes throughout the trading day on Bloomberg s

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Speaker 1: and P futures up six points down, futures up eight,

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Speaker 1: nasday futures up four t and the decks in Germany's

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Speaker 1: up one point two percent ten. Your treasury down three

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Speaker 1: thirties seconds, yield two point six seven percent, The yield

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Speaker 1: on a two year two point five zero percent. Nine

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Speaker 1: max Screwed oil is up one percent or ninety seven

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Speaker 1: cents at ninety seven dollars of Barrel Comic School that

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Speaker 1: will change at nineteen thirty seven. Announce the Euro one

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Speaker 1: eight seven seven against the dollar, British pound one point

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Speaker 1: three zero five zero and again is at one twenty

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Speaker 1: four point oh seven and Bitcoin lower down a tenth

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Speaker 1: of a percent at forty three thousand, five d thirty dollars.

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Speaker 1: That's a Bloomberg Business flash. Now here's Michael Barr with

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Speaker 1: more on what's going on around the world. Muchael Karen,

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Speaker 1: thank you very much. The UN General Assembly voted to

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Speaker 1: suspend Russia from the organization's leading human rights body over

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Speaker 1: allegations of which prosody is in Ukraine. Meanwhile, European Union

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Speaker 1: countries agreed to ban coal imports from Russia. President Biden

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Speaker 1: behold a ceremony today for Katangi Brown Jackson, who was

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Speaker 1: confirmed to the Supreme Court yesterday. In golf at the

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Speaker 1: Master's Sun, j M leads the field after round one

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Speaker 1: with five under. Tiger Woods has four shots back from

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Speaker 1: the lead. Stay tuned for updates every hour on Bloomberg

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Speaker 1: Radio and a special edition of Masters Tonight coming up

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Speaker 1: at eleven pm Eastern. In Major League Baseball, the Mets

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Speaker 1: beat the Nationals five one, and their opener the Yankees

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Speaker 1: host the Red Sox today after yesterday's scheduled opener was

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Speaker 1: postponed because of rain. In the NHL, the Rangers won

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Speaker 1: the Devil's Lost. Global News twenty four hours a day

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Speaker 1: on air and on Bloomberg Quicktake, powered by more than

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

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Speaker 1: twenty countries. I'm Michael Barr, and this is Bloomberg. Nathan. Okay, Michael. Thanks.

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Speaker 1: It is six nineteen on Wall Street Live from the

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Speaker 1: Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, and we're

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Speaker 1: joined now by Greg Valier, or, chief US policy strategist

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Speaker 1: at a GF Investments, as we continue following developments in

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Speaker 1: the war in Ukraine. Greg, good morning. Of course, we've

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Speaker 1: seen the apparent atrocities in northern Ukraine and now as

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Speaker 1: Russia moves east, Ukraine is accusing the England forces of

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Speaker 1: rocket attacks that have left maybe thirty civilians dead in

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Speaker 1: a railway station where civilians were trying to evacuate. The

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Speaker 1: Russia's denying this, but if it turns out to be

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Speaker 1: the case, what does this tell you about where this

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Speaker 1: war is going from here? Well, it's increasingly ugly obviously, Nathan,

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Speaker 1: and I think it will stay that way for a while.

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Speaker 1: But let me disagree. If I might this morning with

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Speaker 1: the conventional wisdom that don Bass and Eastern Ukraine will

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Speaker 1: be a stalemate or the Russians may prevail, I'm not

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Speaker 1: so sure about that. I think the big problem for

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Speaker 1: the Russian troops continues to be their supply lines that

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Speaker 1: failed them in the move towards Kievan and may fail

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Speaker 1: them again. Is I going to depend on further weapons

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Speaker 1: support from Europe and from the US for Ukraine to

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Speaker 1: continue to hold the line, because, as you say, we

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Speaker 1: have seen some pretty remarkable resistance by Ukrainian forces over

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Speaker 1: the last month or so. Yeah. Absolutely, And I do

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Speaker 1: think that this lull gives a chance not just for

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Speaker 1: the Russian troops to you know, remobilize, but it gives

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Speaker 1: the Ukrainians a chance to get a lot more very

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Speaker 1: sophisticated weapons from the US and Western Europe, a lot

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Speaker 1: of defensive some offensive. I think the Ukrainian troops will

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Speaker 1: be very well armed for this battle in the east. Now,

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Speaker 1: you mentioned the idea of Russia remobilizing here just to

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Speaker 1: take the other side of the coin. Could Russia remobilize

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Speaker 1: further to sort of organize better, because we have seen,

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Speaker 1: at least the way this war has gone so far,

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Speaker 1: a lot of evidence of disorganization by Russian forces. Could

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Speaker 1: things firm up, you would think so, Considering how a

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Speaker 1: nept the first month has gone for the Russian troops,

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Speaker 1: I still think that there's a morale problem. I still

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Speaker 1: think there's a supply problem. I mean, Russian troops didn't

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Speaker 1: have enough water, fuel, food as they got close to Kiev.

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Speaker 1: I'm assuming that has improved, but the ports where a

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Speaker 1: lot of these supplies come have been under attacked by

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Speaker 1: Ukrainian forces, so I'm not sure the supply lines are

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Speaker 1: going to be solid. I want to ask you a

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Speaker 1: little bit about the world response. We got that vote

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Speaker 1: in the U n. General Assembly yesterday removing Russia from

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Speaker 1: the Human Rights Council, and the Senate unanimously uh put

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Speaker 1: these trade restrictions on Russia. Do you see that having

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Speaker 1: any impact in terms of how Putin could play this

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Speaker 1: war out going further. Well, I could embarrass him, but

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Speaker 1: I think he's incapable of being embarrassed. I'm not sure

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Speaker 1: that's going to have a big impact. I still think

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Speaker 1: as we get well into this spring, and I'm sadly

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Speaker 1: afraid it's going to last for a few more months.

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Speaker 1: But as we get well into the spring, I do

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Speaker 1: think there'll be an increased focus on the exit ramp,

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Speaker 1: something that Putent can take and call you know, maybe

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Speaker 1: he will be lying, of course, but call of victory.

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Speaker 1: I do think there will be something involving a promise

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Speaker 1: by Ukraine not to join NATO. But I increasingly think

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Speaker 1: because of all of the massacres and atrocities, that the

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Speaker 1: Ukrainians are very unlikely to give up any territory. That's

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Speaker 1: an interesting point greg the idea of off ramps in

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Speaker 1: the next few months, because we've heard from the likes

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Speaker 1: of NATO Secretary General John Stoltenberg that this war could

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Speaker 1: go on not just for months, but maybe for years.

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Speaker 1: Where do you see potential off ramps for Russia. Well, again,

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Speaker 1: it's going to have to be after more carnage. But

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Speaker 1: I do think that Russia, if Russia can get a

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Speaker 1: guarantee of Ukrainian neutrality, if maybe Russia will insist on

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Speaker 1: a little bit of land. But that's going to be

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Speaker 1: a sticking point. And you know, the other sticking point Nathan,

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Speaker 1: is the end of sanctions. You just can't turn them

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Speaker 1: on and off like a light switch. And I think

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Speaker 1: that Putin is going to have sang since persistent even

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Speaker 1: after the war ends. In our last thirty seconds here,

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Speaker 1: you've got to think as well that a big sticking

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Speaker 1: point is trust on the Ukrainian side, because Russia has

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Speaker 1: reneged so many times in h in its past discussions. Yeah,

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Speaker 1: so much of this is psychological, and I would say

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Speaker 1: that morale continues to be a really big point. Russian

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Speaker 1: troops are willing to die for their country. Uh, Ukrainian

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Speaker 1: troops will die for their country. I'm not sure your

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Speaker 1: Russian troops are willing to die for Vladimir Putin. And

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Speaker 1: I think the morale story is going to be increasingly crucial. Alright,

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Speaker 1: Gregg Value, as always, thank you for your insights. Gregg Valuers,

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Speaker 1: chief US policy strategist at a GF Investments. SMP future

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Speaker 1: is now up five points, now futures up seventy four,

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Speaker 1: NASTAC futures pairing some of their games now there up

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Speaker 1: by only nine points, so little changed for the tech

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Speaker 1: heavy NASTAC futures, just ahead of setback for a global

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Speaker 1: tax deal. And Elon Musk says Ask Me Anything Twitter.

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Speaker 1: Top stories of the morning. Just ahead on Bloomberg day Break.

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Speaker 1: dot Com. This is Bloomberg Daybreak, six thirty on Wall Street.

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Speaker 1: Good morning, I'm Nathan Hagger and I'm Karen Moscow. We

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Speaker 1: are just about three hours away from the open of

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Speaker 1: US trading. It's time for the five things you need

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Speaker 1: slash compare First Ukraine says twenty seven civilians have been

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Speaker 1: killed in a Russian attack on a railway station. We're

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00:21:17,480 --> 00:21:20,840
Speaker 1: told they were preparing to evacuate. Meantime, the UN General

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00:21:20,920 --> 00:21:24,040
Speaker 1: Assembly has voted to suspend Russia from the Human Rights Council.

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00:21:24,200 --> 00:21:28,320
Speaker 1: US Ambassador Linda Thomas Greenfield let us continue to hold

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Speaker 1: Russia accountable for this unprovoked, unjust, unconscionable war and to

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Speaker 1: do everything in our power to stand with the people

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Speaker 1: of Ukraine. Ambassador Linda Thomas Greenfield says, it's a collective

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00:21:42,840 --> 00:21:45,480
Speaker 1: step in the right direction and for the first time caring.

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Speaker 1: The European Union is targeting Russia's crucial energy reserves. The

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Speaker 1: Block has agreed to ban Russian coal imports. It's also

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Speaker 1: banning most Russian trucks and ships from entering the EU.

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Speaker 1: Well Nathan. Meantime, the war in Ukraine is having a

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Speaker 1: major impact on the cost of food. Global food prices

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00:22:01,000 --> 00:22:03,239
Speaker 1: are surging at the fastest pace ever as the war

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00:22:03,400 --> 00:22:06,399
Speaker 1: rates havoc on supply chains. The United Nations Index of

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00:22:06,440 --> 00:22:10,320
Speaker 1: World Costs or last month at the Treasury Department this morning,

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00:22:10,320 --> 00:22:13,000
Speaker 1: there's been an apparent setback for Janet Yellen. We're told

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Speaker 1: big business is pushing back against your plans for a

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00:22:15,480 --> 00:22:18,440
Speaker 1: global tax agreement. Let's get the details Life from Bloombrigs,

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00:22:18,480 --> 00:22:21,639
Speaker 1: John Tucker, John Nathan the Treasury Secretary. Yellen counting on

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00:22:21,680 --> 00:22:24,480
Speaker 1: the support of corporate America for her global tax deal

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00:22:24,720 --> 00:22:28,119
Speaker 1: to win passage in Congress, but big business nowhere close

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00:22:28,160 --> 00:22:31,640
Speaker 1: to backing the plan. Executives at eight major US based

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00:22:31,680 --> 00:22:35,560
Speaker 1: multinational corporations interviewed by Bloomberg say that far too much

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00:22:35,600 --> 00:22:38,560
Speaker 1: remains unknown about it. Most of the executives say some

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00:22:38,680 --> 00:22:41,159
Speaker 1: version of the old can't eventually passed, but not on

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Speaker 1: its current timeline. Live in New York, I'm John Tucker,

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Speaker 1: Bloomberg day Break. All right, John, thank you about turning

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00:22:46,560 --> 00:22:49,639
Speaker 1: the corporate news. Now. It's all about Twitter again this morning,

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Speaker 1: just days after announcing a stake in the company, Elon

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Speaker 1: Musk is reportedly set to address the staff. To get

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Speaker 1: the details Live from Bloomberry Shore, I need a young

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Speaker 1: Good morning, Rindy Down, Good morning Karen. Twitter is planning

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Speaker 1: to host Delon Musk for a Q and A session

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Speaker 1: with employees. That's according to a company messages obtained by

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Speaker 1: The Washington Post, which says there are internal outcries over

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Speaker 1: Musk's appointment to Twitter's board of directors. Town Hall meetings

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Speaker 1: like this are not new to Silicon Valley, but it's

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Speaker 1: rare to host a board member at one. Twitter is

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Speaker 1: hoping to calm any anxiety workers have about Musk's impact

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Speaker 1: on company culture. Live in New York, I'm really need

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Speaker 1: a young Bloomberg day break, all right, ready to thank you?

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00:23:26,160 --> 00:23:28,200
Speaker 1: And that's the five things you need to notice start

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Speaker 1: your day and straight ahead your latest local headlines plus

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Speaker 1: a check of sports. And this is Bloomberg. Okay, Karen,

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00:23:39,320 --> 00:23:41,160
Speaker 1: thank you. Six thirty three on Wall Street, forty nine

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Speaker 1: degrees in Central Park. We got accidents to the tunnel's

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Speaker 1: outbound holland inbound Lincoln. Say, well, how it's affecting your

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Speaker 1: ride traffic? Shortly, first Michael Barr with more on what's

429
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Speaker 1: going on in New York and around the world. Michael,

430
00:23:51,680 --> 00:23:54,760
Speaker 1: thank you very much, Nathan. New York Mayor Eric Adams

431
00:23:54,800 --> 00:23:57,640
Speaker 1: talked about his first one hundred days in office during

432
00:23:57,640 --> 00:24:00,920
Speaker 1: an interview with ABC seven this morning. Adams was asked

433
00:24:00,960 --> 00:24:04,400
Speaker 1: about crime in the city. Clearly, these problems have been

434
00:24:04,520 --> 00:24:08,159
Speaker 1: decades in the making. As we witness of this problem

435
00:24:08,200 --> 00:24:11,639
Speaker 1: all over our country and over proliferation of handguns on

436
00:24:11,680 --> 00:24:14,879
Speaker 1: our streets, I have to really thank the Commission that

437
00:24:14,960 --> 00:24:17,320
Speaker 1: we are laying the foundation to move us to a

438
00:24:17,400 --> 00:24:21,760
Speaker 1: safe city. We removed over a thousand guns off the

439
00:24:21,880 --> 00:24:24,360
Speaker 1: streets in the city of New York and that continued

440
00:24:24,400 --> 00:24:27,800
Speaker 1: flow is still here. Mayor Adams also set on ABC

441
00:24:27,960 --> 00:24:30,399
Speaker 1: seven there are places for the homeless to go in

442
00:24:30,480 --> 00:24:34,159
Speaker 1: off the streets. Some have criticized adams recent efforts clearing

443
00:24:34,160 --> 00:24:38,360
Speaker 1: out homeless encampments. New York Governor Kathy Hokol has announced

444
00:24:38,359 --> 00:24:41,399
Speaker 1: what she calls a conceptual agreement with legislators on a

445
00:24:41,440 --> 00:24:45,560
Speaker 1: two D twenty billion dollars state budget. Local says New

446
00:24:45,640 --> 00:24:48,560
Speaker 1: York will develop billions of dollars to help families pay

447
00:24:48,600 --> 00:24:53,639
Speaker 1: for childcare, boost healthcare worker wages, and temporarily cut state

448
00:24:53,720 --> 00:24:57,240
Speaker 1: gasoline taxas I said that this moment is a once

449
00:24:57,280 --> 00:25:00,879
Speaker 1: in a generation opportunity to not just bring relief to

450
00:25:00,960 --> 00:25:04,359
Speaker 1: families and put more money in people's pockets, could also

451
00:25:04,400 --> 00:25:07,560
Speaker 1: make historic investments in our people and on our state.

452
00:25:07,720 --> 00:25:10,800
Speaker 1: Governor hucle the budget was due April first, but has

453
00:25:10,840 --> 00:25:14,160
Speaker 1: been held up by last minute policy and spending disagreements.

454
00:25:14,400 --> 00:25:16,840
Speaker 1: A New York appeals judge says he will likely rule

455
00:25:16,960 --> 00:25:19,320
Speaker 1: today on the weather to continue blocking a lower court

456
00:25:19,440 --> 00:25:23,520
Speaker 1: ruling that declared the state's new congressional and legislative district

457
00:25:23,560 --> 00:25:28,280
Speaker 1: maps unconstitutional. New York's electoral landscape was thrown into question

458
00:25:28,359 --> 00:25:31,399
Speaker 1: last week when a Republican trial court judge ordered the

459
00:25:31,400 --> 00:25:36,800
Speaker 1: state's Democrat controlled legislature to redraw the district boundaries. Today,

460
00:25:36,880 --> 00:25:40,080
Speaker 1: President Biden will celebrate the confirmation of Judge Katangi Brown

461
00:25:40,200 --> 00:25:43,440
Speaker 1: Jackson as the first black woman to reach the Supreme Court.

462
00:25:43,840 --> 00:25:47,360
Speaker 1: Vice President Kamala Harris said she was honored to preside

463
00:25:47,400 --> 00:25:50,800
Speaker 1: over the Senate for Thursday's vote confirming Jackson. The Senate

464
00:25:50,800 --> 00:25:58,040
Speaker 1: approved Judge Jackson in a fifty three vote, and so

465
00:25:59,560 --> 00:26:03,520
Speaker 1: we can continue to witness history. Vice President Harris spoke

466
00:26:03,680 --> 00:26:06,680
Speaker 1: during an event at the National Art Gallery last night.

467
00:26:07,000 --> 00:26:09,359
Speaker 1: Global News twenty four hours a day on air and

468
00:26:09,520 --> 00:26:12,720
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred

469
00:26:12,760 --> 00:26:15,600
Speaker 1: journalists and analyst more than a hundred twenty countries. Michael

470
00:26:15,600 --> 00:26:22,840
Speaker 1: Barr and this is Bloomberg, Nathan, Thanks Michael. Almost six

471
00:26:22,880 --> 00:26:25,080
Speaker 1: thirty six on Wall Street time for the Bloomberg Sports

472
00:26:25,119 --> 00:26:28,240
Speaker 1: a Patrishon stash in the Mets season opener, of course,

473
00:26:28,280 --> 00:26:30,160
Speaker 1: puts back a week through the lockout, and then pushed

474
00:26:30,160 --> 00:26:32,159
Speaker 1: back three hours to the rain in Washington, and they

475
00:26:32,200 --> 00:26:34,960
Speaker 1: waited another hour after that worked the way to five

476
00:26:35,080 --> 00:26:37,879
Speaker 1: one Mets victory and Buck Joe Walters first game as manager.

477
00:26:37,880 --> 00:26:40,440
Speaker 1: Who needs Jacob Bigraham and Max Sherson when you have

478
00:26:40,880 --> 00:26:43,760
Speaker 1: Tyler McGill. He was terrific with five scoreless sending. The

479
00:26:43,800 --> 00:26:45,880
Speaker 1: Mets broke through with two runs in the fifth, got

480
00:26:45,960 --> 00:26:48,200
Speaker 1: run scoring hits from Mark Canna and Jeff McNeil in

481
00:26:48,240 --> 00:26:51,199
Speaker 1: the sixth inning, another from Francisco Indoor in the seventh,

482
00:26:51,200 --> 00:26:53,199
Speaker 1: and that's got only a one Soto home run off

483
00:26:53,240 --> 00:26:55,479
Speaker 1: Trevor May in the sixth. The Mets are forty and

484
00:26:55,600 --> 00:26:59,520
Speaker 1: thirteen in their last fifty three season openers, and Sheerser

485
00:26:59,640 --> 00:27:02,280
Speaker 1: goes to a night is Met's debut. It's gonna get

486
00:27:02,320 --> 00:27:04,360
Speaker 1: this old team. Yankees and Red Sox have their range

487
00:27:04,359 --> 00:27:06,959
Speaker 1: de laid openers this afternoon in the Bronx at the Garden,

488
00:27:07,040 --> 00:27:09,880
Speaker 1: Rangers shut out to Penguins three nothing. Thirty says three

489
00:27:09,960 --> 00:27:12,879
Speaker 1: goers Hystorica. The Rangers moved six points ahead of the Penguins,

490
00:27:12,880 --> 00:27:16,400
Speaker 1: the only two behind first place Carolina. Rangers are seventeen

491
00:27:16,440 --> 00:27:18,840
Speaker 1: and one at home, and they scored the first goal

492
00:27:18,880 --> 00:27:21,119
Speaker 1: opening right of the Masters. Twenty four year old Korean

493
00:27:21,160 --> 00:27:24,359
Speaker 1: Sun Jam shot sixty seven leads the Austin Cameron Smith

494
00:27:24,359 --> 00:27:27,159
Speaker 1: by one shot. Dustin Johnson, who won the Green jacket

495
00:27:27,160 --> 00:27:29,720
Speaker 1: two years ago, trails by two tiger Woods and twenty

496
00:27:29,760 --> 00:27:33,879
Speaker 1: three Masters five victories, only twice has broken seventy. The

497
00:27:33,920 --> 00:27:36,800
Speaker 1: opening round he had a seventy one, which was remarkable

498
00:27:36,840 --> 00:27:39,080
Speaker 1: considering the injuries and the long lay up. Tracker then

499
00:27:39,119 --> 00:27:41,879
Speaker 1: gave a forecast. But what's ahead, Augusta. You know we

500
00:27:41,960 --> 00:27:43,359
Speaker 1: got a long way to go. This golf course is

501
00:27:43,400 --> 00:27:48,840
Speaker 1: gonna change dramatically. Um. Cooler, dryer, windier. Um. You can

502
00:27:48,880 --> 00:27:51,320
Speaker 1: hear the sub Arizona out there. So uh, this Colt

503
00:27:51,359 --> 00:27:52,800
Speaker 1: course is gonna change, and it's gonna get a lot

504
00:27:52,800 --> 00:27:54,840
Speaker 1: more to go down to today and hourly update two

505
00:27:54,880 --> 00:27:57,120
Speaker 1: on bluebo Radio with the Masters. Tonight show a level

506
00:27:57,400 --> 00:28:00,400
Speaker 1: John Stash at war Bloombird Sports all right and thanks

507
00:28:00,400 --> 00:28:02,480
Speaker 1: sixty seven on Wall Street, time to take a look

508
00:28:02,480 --> 00:28:04,639
Speaker 1: at stock some of the names moving in the pre market.

509
00:28:04,640 --> 00:28:08,639
Speaker 1: With Bloomberg Radio and TV Markets correspondent Creedy Gupta. We

510
00:28:08,720 --> 00:28:11,160
Speaker 1: made it to Friday, Creedy and uh, what would you say?

511
00:28:11,160 --> 00:28:13,800
Speaker 1: Things are a little quiet right now, wouldn't you think?

512
00:28:13,920 --> 00:28:17,280
Speaker 1: A little quiet but still some movement underneath the hood

513
00:28:17,720 --> 00:28:19,840
Speaker 1: for lack of a better term. But you know, Nathan,

514
00:28:19,880 --> 00:28:21,760
Speaker 1: I love coming on here. You're talking about oil companies,

515
00:28:21,800 --> 00:28:24,440
Speaker 1: you know that. But this time we have a really

516
00:28:24,440 --> 00:28:26,000
Speaker 1: great story out from our oil team, and I think

517
00:28:26,000 --> 00:28:28,639
Speaker 1: this is requires just a little bit of extra emphasis

518
00:28:28,640 --> 00:28:30,240
Speaker 1: this morning. So you do have some of those oil

519
00:28:30,280 --> 00:28:32,679
Speaker 1: companies higher devon energy. For example, d v N as

520
00:28:32,720 --> 00:28:35,760
Speaker 1: your taker up one percent, Chevron is well up five

521
00:28:35,800 --> 00:28:37,800
Speaker 1: tenths of one percent, c v X as your taker.

522
00:28:37,840 --> 00:28:41,080
Speaker 1: They're occidental seeing a slight bit as well, up two

523
00:28:41,080 --> 00:28:44,320
Speaker 1: tenths of one percent. Oh x Y is your taker. There. Um,

524
00:28:44,360 --> 00:28:46,640
Speaker 1: this is coming at a time and I'm not sure

525
00:28:46,680 --> 00:28:48,320
Speaker 1: this is a direct relationship to the story, but it

526
00:28:48,400 --> 00:28:51,120
Speaker 1: is worth pointing out. We have our oil team reporting

527
00:28:51,120 --> 00:28:54,040
Speaker 1: the show producers are courting European buyers. When it comes

528
00:28:54,040 --> 00:28:55,920
Speaker 1: to that l n G market. We know that coming

529
00:28:55,960 --> 00:28:59,120
Speaker 1: off of the war in Ukraine, that dependence on Russia

530
00:28:59,160 --> 00:29:01,400
Speaker 1: when it comes to L n G is really trying

531
00:29:01,440 --> 00:29:04,200
Speaker 1: to be removed, especially by likes of Germany and France,

532
00:29:04,200 --> 00:29:05,920
Speaker 1: so we have to talk about where else do you

533
00:29:05,960 --> 00:29:09,400
Speaker 1: get that kind of supply, and Texas, Louisiana these are

534
00:29:09,480 --> 00:29:12,320
Speaker 1: key export kind of hubs for the L and G.

535
00:29:12,480 --> 00:29:14,160
Speaker 1: So you do start to see some of these companies

536
00:29:14,160 --> 00:29:18,240
Speaker 1: like e q T, like Devon, like Occidental actually in

537
00:29:18,320 --> 00:29:20,720
Speaker 1: talks with some of these European buyers. So this is

538
00:29:20,760 --> 00:29:22,320
Speaker 1: gonna be something you to really keep your eye on,

539
00:29:22,400 --> 00:29:24,720
Speaker 1: especially going into next week, when you do have some

540
00:29:24,800 --> 00:29:28,120
Speaker 1: of these companies actually moving to or actually traveling to

541
00:29:28,240 --> 00:29:31,480
Speaker 1: Europe to negotiate further how we can actually make those

542
00:29:31,480 --> 00:29:34,440
Speaker 1: exports happen. A lot of people targeting for the end

543
00:29:34,440 --> 00:29:36,600
Speaker 1: of the year to really build out that infrastructure and

544
00:29:36,640 --> 00:29:39,320
Speaker 1: start getting that supply to Europe, which is actually far

545
00:29:39,440 --> 00:29:42,560
Speaker 1: far more accelerated than it was previously. Yeah, So I

546
00:29:42,560 --> 00:29:44,920
Speaker 1: guess we're gonna be watching oil stocks for quite a

547
00:29:45,000 --> 00:29:48,000
Speaker 1: few more days, if not weeks, as the European Union

548
00:29:48,040 --> 00:29:51,360
Speaker 1: looks for ways to wean itself off Russian energy. We've

549
00:29:51,360 --> 00:29:54,240
Speaker 1: got some analyst moves to talk about as well. Cre Yeah,

550
00:29:54,280 --> 00:29:57,240
Speaker 1: also moving the market. Those analysts are also busy this morning.

551
00:29:57,240 --> 00:29:58,960
Speaker 1: Alcoa is on the top of the list. A A

552
00:29:59,200 --> 00:30:01,440
Speaker 1: is your taker down on one point six percent after

553
00:30:01,480 --> 00:30:05,880
Speaker 1: Credit Suite trimmed their recommendation to neutral, viewing m E

554
00:30:06,000 --> 00:30:10,560
Speaker 1: aluminum prices near peak levels. Also seeing some weight on

555
00:30:10,760 --> 00:30:12,880
Speaker 1: Robin Hood h o o d s your taker down

556
00:30:12,920 --> 00:30:15,800
Speaker 1: four percent after Goldman Sacks cuts it to a cell

557
00:30:15,960 --> 00:30:19,320
Speaker 1: from a neutral, thing that softening retail engagement levels and

558
00:30:19,440 --> 00:30:23,960
Speaker 1: profitability concerns will likely limit any outperformance. And lastly, Nathan

559
00:30:24,000 --> 00:30:27,040
Speaker 1: Crabb strikes c r w ds your ticker up actually

560
00:30:27,120 --> 00:30:29,800
Speaker 1: just shy four percent. This comes after analysts responded pretty

561
00:30:29,840 --> 00:30:33,680
Speaker 1: positively after management set of framework to reach five billion

562
00:30:33,760 --> 00:30:37,400
Speaker 1: dollars in annual recurring revenue. This of course comes after

563
00:30:37,440 --> 00:30:40,520
Speaker 1: an investor briefing with the company. All Right, Bloomberg Radio

564
00:30:40,560 --> 00:30:43,920
Speaker 1: on TV. Markets correspondent Crety Gupta with us as always

565
00:30:44,160 --> 00:30:46,280
Speaker 1: in the pre market and as we take a look

566
00:30:46,280 --> 00:30:49,840
Speaker 1: at stocks as a whole before the trade gets going. Uh.

567
00:30:50,080 --> 00:30:54,040
Speaker 1: In the cash market, we have SMP futures up seven points,

568
00:30:54,160 --> 00:30:58,480
Speaker 1: down futures up, NASTACK future is higher by seventeen points.

569
00:30:58,480 --> 00:31:01,080
Speaker 1: The tenure treasury is down on two thirty seconds with

570
00:31:01,080 --> 00:31:03,960
Speaker 1: the yield two point six six and the yield on

571
00:31:03,960 --> 00:31:06,400
Speaker 1: the two year right now two point five zero almost

572
00:31:06,400 --> 00:31:09,320
Speaker 1: two point five one. Look at the nime x screwed.

573
00:31:09,320 --> 00:31:11,320
Speaker 1: It's up a half percent of forty eight cents nineties

574
00:31:11,360 --> 00:31:14,120
Speaker 1: six dollars fifty one cents for a barrel of West

575
00:31:14,120 --> 00:31:23,440
Speaker 1: Texas Intermediate. This is Bloomberg Bloover eleven three oh weather.

576
00:31:23,520 --> 00:31:25,480
Speaker 1: Mix of sun and clouds. Maybe a shower today, low

577
00:31:25,520 --> 00:31:27,800
Speaker 1: sixties for highest chains, for a shower tomorrow as well,

578
00:31:27,800 --> 00:31:30,120
Speaker 1: with a high in the upper fifties, low fifties, some

579
00:31:30,240 --> 00:31:34,160
Speaker 1: passing clouds on Sunday. Forty nine is the current temperature

580
00:31:34,160 --> 00:31:40,640
Speaker 1: in Central Park Markets. Headlines and breaking news twenty four

581
00:31:40,640 --> 00:31:43,719
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business

582
00:31:43,720 --> 00:31:47,400
Speaker 1: apt and at Bloomberg Quick Tape. She's a Bloomberg Business

583
00:31:47,400 --> 00:31:56,520
Speaker 1: flash and I'm camerin Moscow. Futures this morning are in

584
00:31:56,520 --> 00:31:58,440
Speaker 1: the rise, and we go to the first word breaking

585
00:31:58,480 --> 00:32:01,240
Speaker 1: news dash for today's morning call. Well, here's Bill Maloney. Bill,

586
00:32:01,320 --> 00:32:04,600
Speaker 1: good morning, and good morning, Karen. That's right. Gains in

587
00:32:04,640 --> 00:32:06,680
Speaker 1: the US futures right now with down features up a

588
00:32:06,760 --> 00:32:09,120
Speaker 1: hundred points Sesames gain eight and a half one Nasdack

589
00:32:09,160 --> 00:32:13,000
Speaker 1: futures climb L three, the US ten years at two

590
00:32:13,080 --> 00:32:16,560
Speaker 1: point six seven percent, Gold, oil and bitcoin are all

591
00:32:16,600 --> 00:32:19,480
Speaker 1: trading little change, while your per markets are in the green.

592
00:32:19,720 --> 00:32:22,200
Speaker 1: This morning. Back in the US. On the economic front

593
00:32:22,200 --> 00:32:25,840
Speaker 1: at ten o'clock, whossale inventories, and in macro news, Russia's

594
00:32:26,000 --> 00:32:28,719
Speaker 1: Central Bank because it's key rate by three hundred basis

595
00:32:28,760 --> 00:32:34,040
Speaker 1: points to sevent in an unscheduled decision. In other news,

596
00:32:34,080 --> 00:32:37,239
Speaker 1: Elon Musk says that Tesla's cybertruck, roaster and Semi are

597
00:32:37,280 --> 00:32:40,720
Speaker 1: all coming next year and wrapping things up ups whist

598
00:32:40,720 --> 00:32:43,080
Speaker 1: cut to neutral at Bank of America. I'll co cut

599
00:32:43,080 --> 00:32:46,160
Speaker 1: to neutral at Create Suite. C H. Robertson raised overweight

600
00:32:46,160 --> 00:32:48,880
Speaker 1: at Jacom Morgan and Robin WHI was cut to sell

601
00:32:49,280 --> 00:32:52,840
Speaker 1: OVERC Woman Sachs Live from the first breaking news ascomb

602
00:32:52,880 --> 00:32:54,960
Speaker 1: Bill Maloney, Karen, all right, Bill, thank you man to

603
00:32:55,000 --> 00:32:57,320
Speaker 1: hear live breaking news over here, Bloomberg to have squawk

604
00:32:57,360 --> 00:32:59,600
Speaker 1: on your terminal, I'll ask you a w K and

605
00:32:59,600 --> 00:33:01,640
Speaker 1: that's a Blue and Berg business flash. Now here's Michael

606
00:33:01,720 --> 00:33:03,880
Speaker 1: Barrow with more on what's going on around the world.

607
00:33:03,920 --> 00:33:06,720
Speaker 1: Michael Karen, thank you very much. Russia is giving its

608
00:33:06,800 --> 00:33:10,960
Speaker 1: take on its recent pullback from positions round Kiev. President

609
00:33:11,000 --> 00:33:15,000
Speaker 1: Putin's spokesman Dmitri Peskoff told Sky News the troops were

610
00:33:15,120 --> 00:33:18,320
Speaker 1: really withdrawn from the regions as an act of a

611
00:33:18,440 --> 00:33:22,560
Speaker 1: good will during the negotiations between the two delegations. He

612
00:33:22,680 --> 00:33:26,680
Speaker 1: also acknowledged that Russia suffered a significant loss of troops

613
00:33:26,680 --> 00:33:30,360
Speaker 1: in Ukraine. In golf at the Master's Sun, Jam leads

614
00:33:30,360 --> 00:33:33,640
Speaker 1: the field after round one with five under. Tiger Woods

615
00:33:33,720 --> 00:33:36,520
Speaker 1: is four shots back from the lead. Stay tuned for

616
00:33:36,640 --> 00:33:39,560
Speaker 1: updates every hour on Bloomberg Radio and a special edition

617
00:33:39,600 --> 00:33:43,240
Speaker 1: of Masters Tonight coming up at eleven pm. Eastern Major

618
00:33:43,280 --> 00:33:45,840
Speaker 1: League Baseball, the Mets beat the Nationals five one. The

619
00:33:45,920 --> 00:33:49,200
Speaker 1: Yankees host the Red Sox today after yesterday's scheduled opener

620
00:33:49,480 --> 00:33:52,640
Speaker 1: was postponed because of rain. In the NHL, the Rangers

621
00:33:52,680 --> 00:33:55,440
Speaker 1: won the Devil's Lost. Global News twenty four hours a

622
00:33:55,520 --> 00:33:58,680
Speaker 1: day on here and on Bloomberg Quicktake, powered by more

623
00:33:58,760 --> 00:34:03,400
Speaker 1: than journalists and analysts more than countries. I'm Michael barn

624
00:34:03,480 --> 00:34:06,520
Speaker 1: This is Bloomberg. Karen. Alright, Michael, thank you. It is

625
00:34:06,800 --> 00:34:09,520
Speaker 1: sixty nine on Wall Street. We turned to news in

626
00:34:09,560 --> 00:34:12,040
Speaker 1: science and technology now with the Bloomberg and j I

627
00:34:12,160 --> 00:34:15,120
Speaker 1: T STEM Report, brought to you by New Jersey Institute

628
00:34:15,120 --> 00:34:18,560
Speaker 1: of Technology and j I T makes industry ready engineers

629
00:34:18,560 --> 00:34:20,920
Speaker 1: and more than twenty fields. If it's engineering, it's at

630
00:34:21,000 --> 00:34:23,160
Speaker 1: n j I T. Learn more at n j I

631
00:34:23,280 --> 00:34:25,680
Speaker 1: T DOT E d U and now here's it's making

632
00:34:25,680 --> 00:34:29,719
Speaker 1: news and science, technology, engineering, and math. Shanghaire is reported

633
00:34:29,719 --> 00:34:32,239
Speaker 1: more than twenty thousand new COVID cases for the past

634
00:34:32,280 --> 00:34:35,480
Speaker 1: twenty four hours, marking its highest tallly since it started

635
00:34:35,480 --> 00:34:39,200
Speaker 1: a pandemic. The city is racing to create isolation facilities

636
00:34:39,239 --> 00:34:41,960
Speaker 1: as it sticks to a policy of quarantining all those

637
00:34:42,000 --> 00:34:44,880
Speaker 1: positive for the virus, as well as everyone they have

638
00:34:45,120 --> 00:34:48,680
Speaker 1: interacted with. Amazon plans to file objections to the union

639
00:34:48,719 --> 00:34:51,080
Speaker 1: election on Staten Island, New York that resulted in the

640
00:34:51,160 --> 00:34:55,120
Speaker 1: first successful US organizing effort in the company's history. The

641
00:34:55,160 --> 00:34:58,040
Speaker 1: retailers stated its plans in a llegal filing to the

642
00:34:58,120 --> 00:35:01,680
Speaker 1: National Labor Relations Board. Among other things, the company accused

643
00:35:01,680 --> 00:35:04,919
Speaker 1: the Amazon Labor Union of threatening warehouse workers to vote

644
00:35:04,920 --> 00:35:08,080
Speaker 1: in favor of the organizing effort. An attorney representing the

645
00:35:08,160 --> 00:35:11,560
Speaker 1: a l U said the claims were quote patently absurd.

646
00:35:12,200 --> 00:35:15,319
Speaker 1: And Elon Musk, who was added to Twitter's board after

647
00:35:15,320 --> 00:35:18,000
Speaker 1: accumulating has taken to social network, will appear at a

648
00:35:18,040 --> 00:35:21,240
Speaker 1: company all hands meeting next week to address employee questions.

649
00:35:21,560 --> 00:35:24,200
Speaker 1: That's a Bloomberg and j I t Stem report. Nathan

650
00:35:24,320 --> 00:35:27,040
Speaker 1: Okay Karen, thanks for ly from the Bloomberg Interactive Brokers

651
00:35:27,040 --> 00:35:29,400
Speaker 1: Studios or at six fifty on Wall Street Time Now

652
00:35:29,440 --> 00:35:31,040
Speaker 1: to check what's going on in d C, where some

653
00:35:31,080 --> 00:35:34,200
Speaker 1: of the top stories include Congress basically turning Russia into

654
00:35:34,239 --> 00:35:38,839
Speaker 1: a trade pariah, speaker Pelosi's infection bringing COVID closer than

655
00:35:38,880 --> 00:35:43,680
Speaker 1: ever to President Biden, and Katanji Brown Jackson's historic confirmation

656
00:35:43,760 --> 00:35:46,240
Speaker 1: to the U. S. Supreme Court. Let's bring back Bloomberg

657
00:35:46,320 --> 00:35:50,080
Speaker 1: Government reporter Emily Wilkins for more on all these stories. Emily,

658
00:35:50,239 --> 00:35:52,759
Speaker 1: it's not every day you see a unanimous Senate, but

659
00:35:52,800 --> 00:35:54,719
Speaker 1: that is certainly what we got when it comes to

660
00:35:55,160 --> 00:35:58,360
Speaker 1: Russia and trade. Yeah, it took them a while because

661
00:35:58,400 --> 00:36:01,160
Speaker 1: this legislation was stalled are a little bit, but we

662
00:36:01,239 --> 00:36:05,040
Speaker 1: did see all a hundred Senators vote yesterday to ban

663
00:36:05,320 --> 00:36:09,480
Speaker 1: Russian oil as well as and permanent normal trade relations

664
00:36:09,520 --> 00:36:13,600
Speaker 1: with Russia and Belarus, and these are our stactions that

665
00:36:13,680 --> 00:36:16,120
Speaker 1: Congress has been talking about for a while. Clearly they

666
00:36:16,160 --> 00:36:18,760
Speaker 1: have a lot of support and it kind of sets

667
00:36:18,800 --> 00:36:21,399
Speaker 1: the stage then for if more sanctions need to come

668
00:36:21,400 --> 00:36:24,520
Speaker 1: through Congress, if more aid needs to come through Congress,

669
00:36:24,520 --> 00:36:27,080
Speaker 1: that there definitely is a willingness on both sides of

670
00:36:27,120 --> 00:36:30,040
Speaker 1: the Aisle to get something done. How much impact will

671
00:36:30,080 --> 00:36:33,560
Speaker 1: this really have on Russia's thinking in the war. We've

672
00:36:33,600 --> 00:36:38,399
Speaker 1: obviously seen the reports this morning of apparent civilian casualties

673
00:36:38,440 --> 00:36:41,120
Speaker 1: at a railway station that Ukraine says was hit by

674
00:36:41,200 --> 00:36:44,960
Speaker 1: Russian rockets, and you know, there's still the factor of

675
00:36:45,160 --> 00:36:50,040
Speaker 1: Europe still dependent on Russian oil and gas. Yeah, and

676
00:36:50,480 --> 00:36:53,239
Speaker 1: to be clear, I mean these these photos that were

677
00:36:53,280 --> 00:36:56,000
Speaker 1: now seen from this train station that was being used

678
00:36:56,000 --> 00:36:59,880
Speaker 1: to evacuate civilians from the eastern region of Ukraine. Uh,

679
00:37:00,120 --> 00:37:04,000
Speaker 1: they're going there, their heartbreaking photos, they're devastating photos, and

680
00:37:04,040 --> 00:37:08,680
Speaker 1: we're joining a growing number of war crimes that Russia

681
00:37:08,800 --> 00:37:12,160
Speaker 1: is being seen as having committed in Ukraine. And that's

682
00:37:12,200 --> 00:37:18,279
Speaker 1: really uh energized um or motivated rather Western leaders in

683
00:37:18,280 --> 00:37:22,279
Speaker 1: the US and Europe to try to start moving on

684
00:37:22,480 --> 00:37:24,920
Speaker 1: additional sanctions and trying to figure out what needs to

685
00:37:24,920 --> 00:37:27,959
Speaker 1: be done. At this point, we are beginning to hear

686
00:37:28,280 --> 00:37:31,040
Speaker 1: from a number of foreign policy experts, like Ukraine for

687
00:37:31,200 --> 00:37:34,720
Speaker 1: Minister Dmitro coolba Uh saying that the war is beginning

688
00:37:34,800 --> 00:37:38,240
Speaker 1: to shift, that other countries must help Ukraine with larger,

689
00:37:38,480 --> 00:37:42,359
Speaker 1: heavier weapons, longer range missiles. These are different from the

690
00:37:42,400 --> 00:37:46,960
Speaker 1: current weapons that are being supplied to Ukraine from Western countries, um,

691
00:37:47,080 --> 00:37:49,560
Speaker 1: and they're kind of preparing for this next stage of

692
00:37:49,600 --> 00:37:52,520
Speaker 1: the war, which might be a little bit more like

693
00:37:52,640 --> 00:37:56,440
Speaker 1: World War two with large scale operations. Can something happen

694
00:37:56,520 --> 00:38:00,799
Speaker 1: in the short term, given the Congress is going on now,

695
00:38:01,480 --> 00:38:03,279
Speaker 1: I mean, it will be difficult to do. I mean,

696
00:38:03,360 --> 00:38:07,240
Speaker 1: certainly there can still be discussions. We do have groups

697
00:38:07,239 --> 00:38:09,840
Speaker 1: of lawmakers who are going to be going to Germany,

698
00:38:09,920 --> 00:38:13,600
Speaker 1: to Poland, to the Polish Ukrainian border, and so there's

699
00:38:13,600 --> 00:38:17,320
Speaker 1: still an interest in this topic. But unless something urgent

700
00:38:17,440 --> 00:38:20,200
Speaker 1: needs to happen, it's unlikely we're going to see lawmakers

701
00:38:20,200 --> 00:38:22,440
Speaker 1: back in Congress for the next two weeks. I mean

702
00:38:22,520 --> 00:38:24,880
Speaker 1: that said, of course, if something you know, urgent and

703
00:38:24,960 --> 00:38:28,040
Speaker 1: our our emergency does happen, where Congress is needed, where

704
00:38:28,080 --> 00:38:30,960
Speaker 1: the White House can't act on their own. We've certainly

705
00:38:31,040 --> 00:38:35,319
Speaker 1: seen lawmakers reassemble in Washington pretty quickly. One lawmaker who

706
00:38:35,320 --> 00:38:37,600
Speaker 1: apparently isn't going much of anywhere for the next few

707
00:38:37,680 --> 00:38:41,160
Speaker 1: days is House Speaker Nancy Pelosi. Just the latest in

708
00:38:41,200 --> 00:38:44,680
Speaker 1: a pretty a significant line of top officials that have

709
00:38:45,200 --> 00:38:48,640
Speaker 1: come down with COVID nineteen of the last few days. Emily, Yeah,

710
00:38:48,719 --> 00:38:52,800
Speaker 1: I mean, it's certainly the highest ranking official at this point, um,

711
00:38:52,840 --> 00:38:57,400
Speaker 1: you know, and sort of indicative of the overall spread

712
00:38:57,520 --> 00:39:00,800
Speaker 1: of COVID cases that we're really seeing go through Washington.

713
00:39:01,040 --> 00:39:02,879
Speaker 1: At this point, We've seen a number of of high

714
00:39:02,960 --> 00:39:05,920
Speaker 1: ranking officials get COVID. We know that Pelosi was in

715
00:39:06,040 --> 00:39:09,120
Speaker 1: close contact with President Biden this past week. Now the

716
00:39:09,120 --> 00:39:11,120
Speaker 1: White House is saying that the contact was not so

717
00:39:11,200 --> 00:39:13,800
Speaker 1: close and not so long that Biden needs to quarantine,

718
00:39:13,800 --> 00:39:17,200
Speaker 1: that he's still testing negative. But it's really showing that

719
00:39:17,320 --> 00:39:20,359
Speaker 1: COVID is continuing to be a threat, even though a

720
00:39:20,360 --> 00:39:23,279
Speaker 1: lot of people are now vaccinated and boosted. Is this

721
00:39:23,360 --> 00:39:27,560
Speaker 1: going to affect openings and Washington. I think they're gonna

722
00:39:27,560 --> 00:39:30,920
Speaker 1: be what starting spring tours at the White House this weekend,

723
00:39:31,000 --> 00:39:35,200
Speaker 1: and Congress is reopening for tourists that sort of thing.

724
00:39:36,120 --> 00:39:38,680
Speaker 1: Is that going to affect this We'll see. I mean,

725
00:39:38,719 --> 00:39:41,880
Speaker 1: at this point, Congress hasn't made any changes to its opening.

726
00:39:41,880 --> 00:39:44,799
Speaker 1: We actually saw additional steps that were taken this week

727
00:39:44,840 --> 00:39:47,040
Speaker 1: as far as what visitors have to do with their

728
00:39:47,080 --> 00:39:50,600
Speaker 1: protocol is when visiting the House offices. So we haven't

729
00:39:50,640 --> 00:39:53,120
Speaker 1: seen any shutterings yet. The message really from the White

730
00:39:53,160 --> 00:39:56,239
Speaker 1: House has been, you know, everyone is boosted, everyone is vaccinated.

731
00:39:56,680 --> 00:39:59,600
Speaker 1: Um that you know, people they they've got COVID, but

732
00:39:59,600 --> 00:40:02,359
Speaker 1: their few okay, they're expected to make a recovery. They're

733
00:40:02,400 --> 00:40:04,759
Speaker 1: not expected to wind up in the hospital. And you

734
00:40:04,880 --> 00:40:06,880
Speaker 1: really have seen the White House kind of pushed this

735
00:40:06,960 --> 00:40:10,560
Speaker 1: narrative of we are at this new phase here where

736
00:40:10,600 --> 00:40:12,680
Speaker 1: you know, we have the protections that we need out

737
00:40:12,719 --> 00:40:16,239
Speaker 1: there so if and when people get COVID, we are

738
00:40:16,320 --> 00:40:19,040
Speaker 1: able to make sure that that the worst case scenario

739
00:40:19,160 --> 00:40:22,600
Speaker 1: is not happening. And speaking of new phases, certainly going

740
00:40:22,640 --> 00:40:25,040
Speaker 1: to see one at the Supreme Court. With the first

741
00:40:25,120 --> 00:40:30,840
Speaker 1: black female justice now confirmed, Yes, Katanji Brown Jackson was confirmed.

742
00:40:31,000 --> 00:40:35,600
Speaker 1: All Democrats voted in support, as well as three Republicans senators.

743
00:40:35,640 --> 00:40:38,640
Speaker 1: The first black woman on the Supreme Court but but Nathan,

744
00:40:38,960 --> 00:40:41,640
Speaker 1: she's going to be a Judge Jackson rather than Justice

745
00:40:41,719 --> 00:40:45,760
Speaker 1: Jackson for a little while longer because Justice Stephen Byer,

746
00:40:45,840 --> 00:40:48,600
Speaker 1: who shall be replacing, he's going to be serving out

747
00:40:48,640 --> 00:40:50,799
Speaker 1: the remainder of the current term, So he's not going

748
00:40:50,840 --> 00:40:53,880
Speaker 1: to be stepping down until around the end of June

749
00:40:54,000 --> 00:40:56,520
Speaker 1: early July, at which point we are going to be

750
00:40:56,640 --> 00:41:00,320
Speaker 1: seeing Katanji Brown Jackson uh formally entered the Supreme Court.

751
00:41:00,680 --> 00:41:03,880
Speaker 1: So a bit of a long wait there for Judge Jackson.

752
00:41:03,960 --> 00:41:07,160
Speaker 1: But I understand that there is going to be something

753
00:41:07,160 --> 00:41:11,560
Speaker 1: of a victory lap at the White House this afternoon. Oh. Absolutely,

754
00:41:11,600 --> 00:41:14,640
Speaker 1: this is a historic moment. It was really underscored by

755
00:41:14,640 --> 00:41:17,399
Speaker 1: the fact that you had Kamala Harris be the one

756
00:41:17,480 --> 00:41:19,200
Speaker 1: to sort of hold the gavel and to call the

757
00:41:19,280 --> 00:41:22,520
Speaker 1: vote for her. Um this, you know, it's something that's big,

758
00:41:22,560 --> 00:41:25,920
Speaker 1: and it's something that Biden certainly wants to to tout

759
00:41:26,480 --> 00:41:29,000
Speaker 1: getting through his Supreme Court nominee, getting through with some

760
00:41:29,160 --> 00:41:32,640
Speaker 1: bipartisan support. And remember also when you talk a little

761
00:41:32,640 --> 00:41:35,120
Speaker 1: bit about who has supported Biden, it's been a lot

762
00:41:35,160 --> 00:41:37,880
Speaker 1: of black voters. It's been a lot of black female voters.

763
00:41:38,120 --> 00:41:40,520
Speaker 1: And this is something that the White House really wants

764
00:41:40,520 --> 00:41:42,560
Speaker 1: to make sure that they are touting as a win

765
00:41:43,200 --> 00:41:46,680
Speaker 1: for them and for a number of Democratic voters, and

766
00:41:46,800 --> 00:41:49,400
Speaker 1: a campaign promise kept for President Biden as well, and

767
00:41:49,440 --> 00:41:52,880
Speaker 1: I can promise as well, yes before he became president,

768
00:41:52,960 --> 00:41:55,439
Speaker 1: that he would nominate a black woman as his first

769
00:41:55,440 --> 00:41:58,640
Speaker 1: Supreme Court nominee. Emily Wilkins of Boomberg Government. As always,

770
00:41:58,880 --> 00:42:00,680
Speaker 1: thanks for the update from Watch Shington, and you can

771
00:42:00,719 --> 00:42:03,879
Speaker 1: read more about all these stories at Bloomberg dot com

772
00:42:03,960 --> 00:42:06,560
Speaker 1: or on the Bloomberg terminal. And if you're in Washington,

773
00:42:06,800 --> 00:42:09,960
Speaker 1: listen to Bloomberg one and one oh five point seven

774
00:42:10,000 --> 00:42:13,120
Speaker 1: FM HD two to catch all the latest from Bloomberg

775
00:42:13,200 --> 00:42:15,799
Speaker 1: Radio in the nation's capital. Looking ahead to the market

776
00:42:15,840 --> 00:42:18,280
Speaker 1: open on Wall Street, s and P futures are higher

777
00:42:18,320 --> 00:42:21,440
Speaker 1: by twelve point Staff features up a hundred eighteen, NAZAC

778
00:42:21,520 --> 00:42:23,480
Speaker 1: future is on the rise by forty one points. The

779
00:42:23,600 --> 00:42:26,880
Speaker 1: ten your treasury right now is down three thirty seconds.

780
00:42:26,920 --> 00:42:29,480
Speaker 1: The yield just shy of two point six seven percent.

781
00:42:29,560 --> 00:42:31,680
Speaker 1: Yield on the two year right now two point five one.

782
00:42:32,600 --> 00:42:36,000
Speaker 1: Nim X scrude little change now at nineties six dollars

783
00:42:36,280 --> 00:42:39,319
Speaker 1: seven cents of barrel. Much more to come on Bloomberg

784
00:42:39,360 --> 00:42:42,360
Speaker 1: Surveillance That's next with Tom Keene, Jonathan Farrell, and Lisa

785
00:42:42,360 --> 00:42:46,560
Speaker 1: Abramowitz for Karen Moscow. I'm Nathan Hagar. Have a great Friday.

786
00:42:47,120 --> 00:42:47,920
Speaker 1: This is Bloomberg.