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Speaker 1: Lie from the Bloomberg Interacted Brooker Studios. This is Bloomberg

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Speaker 1: Daybreak for a Tuesday, April twelve two. Coming up this hour,

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Speaker 1: President Biden will allows sales of higher ethanol gas in

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Speaker 1: a bid to curb costs. Treasury yields you jump to

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Speaker 1: the highest level since and investors brace for the March

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Speaker 1: CPI report. Economists forecast inflation at a four decade high.

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Speaker 1: New Jersey approved seven facilities for recreational pot sales lost.

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Speaker 1: The US is telling non essential government staff to leave Shanghai.

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Speaker 1: I am Michael Lauren. More ahead, I'm John stash Our. Sports.

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Speaker 1: The Phillies rallied past the mess The Blue Jay shut

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Speaker 1: out the Yankees. The Nets host Cleveland in a play

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Speaker 1: in game tonight. That's all straded ahead on Bloomberg Daybreak

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

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

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Speaker 1: Sirius x M one nine Team, and around the world

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Speaker 1: on Bloomberg Radio dot Com. I'm and via the Bloomberg

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

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Speaker 1: US dock in knecks. Future is a little change this morning,

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Speaker 1: coming up to six o one on Wall Street. We

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Speaker 1: checked the markets every fifteen minutes throughout the trading day

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Speaker 1: on Bloomberg SMP futures that will change this morning, So

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Speaker 1: we're down futures, nowsdack futures higher up about thirty four.

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Speaker 1: Ten year Treasury down to thirty seconds two points seven

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Speaker 1: eight percent, yield on the two year two point five

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Speaker 1: two percent, and now I'm ex screwed. Oil is up

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Speaker 1: three point one percent. Nathan Karen. We begin with breaking

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Speaker 1: news this morning. A new initiative by the Biden administration

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Speaker 1: aims to give a boost to ethanol while lowering prices

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Speaker 1: at the pump. Amy Morris reports from our Bloomberg ninety

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Speaker 1: one newsroom in Washington. The plan to expand sales of

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Speaker 1: higher ethanol gasoline would be a temporary change during the

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Speaker 1: summer months. It would also waigh anti pollution restrictions, which

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Speaker 1: would otherwise block warm weather sales of fifteen in areas

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Speaker 1: where smog is a problem. Fifteen cells about five to

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Speaker 1: ten cents per gallon less than regular gasoline. And while

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Speaker 1: the move might replace oil consumption with corn consumption, the

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Speaker 1: war on Ukraine could also boost corn prices in coming months,

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Speaker 1: so administration officials say the calculus could change. In Washington,

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Speaker 1: I'm Amy Morris Bloomberg, daybreak, right, Amy, thank you all,

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Speaker 1: turning to the war in Ukraine. Now, India and the

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Speaker 1: United States are trying to smooth some rough waters created

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Speaker 1: by Russia's invasion, and Bloomberg said, Bachelor has the story.

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Speaker 1: The virtual meeting between Prime Minister and Derrendro Moody and

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Speaker 1: President Joe Biden focused in large part on India's purchases

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Speaker 1: of Russian oil, and White House spokes of A Jem

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Speaker 1: Saki says a message was forceful. The imports from the

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Speaker 1: United States are already significant, for much bigger than the

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Speaker 1: imports that they get from Russia. Uh and we, of

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Speaker 1: course the President conveyed very clearly that it is not

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Speaker 1: in their interest to increase that. Now. Having said that,

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Speaker 1: both sides characterize of toxes friendly in San Francisco, I'm

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Speaker 1: at Baxter Bloomberg, Daybreak, all right, and thank you, anything

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Speaker 1: but friendly in Ukrain, and the Merrier of Mary Paul

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Speaker 1: says Russian troops killed more than ten thousand civilians in

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Speaker 1: their attempt to capture the ports city. Russia categorically denies

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Speaker 1: purposely killing civilians. The US is warning the invasion is

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Speaker 1: set to enter a very bloody phase, but retired Lieutenant

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Speaker 1: General David Deptula tells US Ukraine could still win. Don't

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Speaker 1: stand a better chance if the United States and NATO

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Speaker 1: supply them with the kind of weapons that will give

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Speaker 1: you krant an advantage. And that means more advanced air

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Speaker 1: defenses like spider aircraft, surface to air missiles as well

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Speaker 1: as service to surface missiles. Because the best way to

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Speaker 1: stop the Russian air forces to kill it on the ground.

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Speaker 1: David Deptula spoke with our Washington correspondent Joe Matthew on

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Speaker 1: Bloomberg Sound on Catch the program weekdays at five pm

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Speaker 1: Eastern on Bloomberg Radio, and we turned to the markets. Now, Nathan,

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Speaker 1: the sell off and bonds continues this morning. In fact,

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Speaker 1: the ten year treasury yield is trading at its highest

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Speaker 1: level since eighteen right now is a two point seven

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Speaker 1: eight percent and Bloomberg cross As editor Joanna Austen Jerry

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Speaker 1: says analysts expect yields to keep rising two point eight

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Speaker 1: three percent on the tenuere treasury. That's about where it

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Speaker 1: peaks out today. That's where the yield would breach a

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Speaker 1: long term trend line that started in the early nineteen eighties. Um,

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Speaker 1: but a lot of people do expect it to happen, right.

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Speaker 1: You have JP Morgan Asset Management, MUFG Security seeing a

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Speaker 1: move past three and g s FM expects it to

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Speaker 1: test three point five percent, So we are seeing most

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Speaker 1: people kind of expecting it to continue. Bloomberg Show and

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Speaker 1: Allison jur reports of Bloomberg Gage measuring total returns in

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Speaker 1: treasuries I slumped almost eight percent this year, and that's

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Speaker 1: on track for its worst annual decline since at least

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Speaker 1: nineteen seventy three. Consumer price data do later this morning,

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Speaker 1: Karen May push yields up further. Economists forecast and eight

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Speaker 1: point four percent annual gain in Marches index. We get

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Speaker 1: a preview from Bloomberg's Michael McKee. It's a week of

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Speaker 1: economic data focused on inflation. With today's Consumer Price Index report, well,

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Speaker 1: it's hard to call it a highlight. The forecast headline

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Speaker 1: would be a scary one. Indeed, the highest inflation since

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Speaker 1: nineteen two, when the nation's benchmark interest rate was fifteen percent, Energy, food,

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Speaker 1: and housing costs are putting continued pressure on prices, while

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Speaker 1: oil prices have fallen a bit in recent days. That

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Speaker 1: won't show up in the March CPI. What higher prices

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Speaker 1: may mean is lower consumer spending on things outside of

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Speaker 1: those three categories. Will get retail sales figures for March.

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Speaker 1: On Thursday, Michael McKee Bloomberg Debris Mike, thank you as

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Speaker 1: investors brace for the CPI report, more predictions have a recession.

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Speaker 1: This morning that Peterson Institute for International Economics says the

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Speaker 1: global economy is set for a setback by the end

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Speaker 1: of the year, and recession risks are elevated against the

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Speaker 1: backdrop of Russia's invasion of Ukraine and COVID shutdowns in China.

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Speaker 1: The recent surgeon treasury yields has taken its hole on

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Speaker 1: tech stocks. We get that story from Bloomberg's Charlie Hellett.

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Speaker 1: The No Stack one stock index dropped two point four percent,

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Speaker 1: adding colosses sustained last week that have erased over one

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Speaker 1: trillion dollars in market value from the tech heavy benchmark

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Speaker 1: in the past five sessions. Microsoft was down three point

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Speaker 1: nine percent, it's worse decline in more than a month.

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Speaker 1: Chip maker in videos, saying five point two percent, extending

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Speaker 1: losses sustained over the past five sessions to twenty percent.

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Speaker 1: The stock has not had a five day run this

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Speaker 1: bad since March of In New York, Charlie pellets Bloomberg Daybreak, Right, Charlie,

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Speaker 1: thank you. One of the chech stocks not involved in

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Speaker 1: the sell office. Twitter speculations still swirling on the impact

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Speaker 1: Elon Musk may have at the social media company, and

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Speaker 1: we get the latest line from Bloomberg's Ranita Young, Good morning, Radida,

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Speaker 1: Good morning Karen. Now that Elon Musk is no longer

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Speaker 1: accepting a position on Twitter's board, he may acquire additional

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Speaker 1: shares of the company. Web Bush Securities analyst Dan I've

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Speaker 1: says it's highly likely that Musk takes a more hostile

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Speaker 1: stance toward Twitter and further built his active steak in

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Speaker 1: the company. Musk currently owns nine point two percent of

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Speaker 1: Twitter and is its largest individual shareholder, and since he's

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Speaker 1: not on the board, he's not required to keep his

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Speaker 1: stake below fifteen percent. Live in New York, I'm Nita Young,

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Speaker 1: Bloomberg Daybreak. Okay, Nita, thank you. Bloomberg Daybreak is brought

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Speaker 1: to you by b and Y Melons. Pershing learned why

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Speaker 1: the world's most sophisticated wealth management and institutional firms rely

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Speaker 1: on Pershing to help them improve profitability, create efficiency, attract talent,

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Speaker 1: and mantage risk at pershing dot com. Straight ahead, your

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Speaker 1: latest local headlines and a check of sports. This is

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Speaker 1: Bloomberg Sound six o seven on Wall Street, Cloudy now

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Speaker 1: forty nine degrees in Central Park. Still dealing with that accident.

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Speaker 1: The southbound Degan at Yankees Stadium will get the update

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Speaker 1: in traffic shortly. First Michael bar with what else is

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Speaker 1: going on in New York end around the world. Good morning, Michael,

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Speaker 1: Good morning Nathan. New Jersey regulators approved seven facilities that

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Speaker 1: already sell medical marijuana to also sell recreational pot. The

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Speaker 1: specific date wasn't set at the New Jersey Cannabis Regulatory

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Speaker 1: Commission's vote during a remotely held meeting. The facilities must

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Speaker 1: still pass a regulatory inspection of their operations and be

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Speaker 1: issued new licenses. Retail sales for the general public would

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Speaker 1: start in thirteen dispensaries operated by the seven treatment centers

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Speaker 1: across the state. Officials in Philadelphia reinstated the city's indoor

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Speaker 1: mask mandate. It takes effect next Monday. Amid arising COVID infections,

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Speaker 1: Philadelphia's Health Commissioner Cheryl Betegal, I'm announcing that we have

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Speaker 1: reached the threshold from moving out of the all clear

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Speaker 1: COVID response level and into the mass precautions level. Simply put,

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Speaker 1: that means that we're reintroducing the mask mandate in Philadelphia.

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Speaker 1: Commissioner better Goal says the city is averaging a hundred

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Speaker 1: forty two new COVID nineteen infections a day. The US

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Speaker 1: government ordered all non emergency staff at its Shanghai Council

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Speaker 1: and their families to leave the Chinese city due to

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Speaker 1: a surge in COVID cases. Most of Shanghai's twenty five

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Speaker 1: million residents are subject to tight movement restrictions that keep

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Speaker 1: them in their homes, making it unable to obtain food

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Speaker 1: or necessities. A twenty three year old woman who falsely

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Speaker 1: accused a black team of stealing her cell phone at

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Speaker 1: a New York City hotel avoids jail time after pleading

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Speaker 1: guilty to a hate crime. Maya Ponsetto attacked the team

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Speaker 1: at the Arlow Hotel in December after the hearing, defense

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Speaker 1: attorney pulled. Emilia spoke for his client. This Poncetto is

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Speaker 1: thankful for the thoughtfulness and the empathy that the d

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Speaker 1: a's office showed. Defense Attorney the Ammia says that they're

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Speaker 1: happy and relieved that this ordeal is over. President Joe

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Speaker 1: Biden announced the finalization of new federal rules restricting so

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Speaker 1: called ghost guns, which allowed purchasers to assemble potentially untraceable

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Speaker 1: weapons from kits. Law enforcement is sounding the alarm our.

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Speaker 1: Communities are paying the price. I'm were acting today. The

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Speaker 1: United States Department of Justice is making it illegal for

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Speaker 1: a business to manufacture one of these kids without a

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Speaker 1: serial number. Illegal. President by Global News twenty four hours

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Speaker 1: a day on air and on Bloomberg Quick Take, powered

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Speaker 1: by more than twenty seven undred journalists analysts more than

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Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg NA all right, Michael.

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Speaker 1: Thanks almost six ten on Wall Street time for the

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Speaker 1: Bloomberg Sports Update with John Stenshower. Nathan and Mets began

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Speaker 1: the season with three wins in Washington. Their first lost

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Speaker 1: Sunday was a blown lead in the eighth inning in Philadelphia.

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Speaker 1: That happened again. Want to pitch all the way swung

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Speaker 1: on the field. It's gonna get down for a face

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Speaker 1: hit in the gap and it's gonna give the Phillies

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Speaker 1: the lead. Gregorius drive for second. He's in there with

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Speaker 1: the slide and the Phillies lead at five to four.

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Speaker 1: Here on the bottom of the end. It was radio.

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Speaker 1: So they wiped out a four nothing deficit, won five four,

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Speaker 1: scoring all five in the e J. T. Rail Mudo

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Speaker 1: with a two on Homer. He's Hopkins a hit to

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Speaker 1: tie the game, and then TV Gregory has put him

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Speaker 1: the head. Yankee bats were quired at the stadium only

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Speaker 1: four singles off Toronto's Alec minoah and three Blue Jay

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Speaker 1: bel Leavers. Toronto won three nothing, with George Springer driving

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Speaker 1: in all three, two on Homer, third inning off Jamison

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Speaker 1: till You on later in RBI double and San Diego's

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Speaker 1: winning San Francisco Taylor Rogers got the save for the Padres.

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Speaker 1: His twin brother, Tyler Rodgers, took the loss for the Giants.

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Speaker 1: The Learner family purchased the Washington Nationals in two thousand

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Speaker 1: six for four hundred and fifty million dollars, now said

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Speaker 1: to be looking to sell seeking around two billion. Big

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Speaker 1: game of the Rangers. Tonight they host Carolina, who's in

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Speaker 1: first place but just two points ahead of the Blue

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Speaker 1: stre It's an even bigger game. So then at zat

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Speaker 1: Barkley is against Cleveland. The play in games decide who

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Speaker 1: will be the seventh seed in the East faced Boston

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Speaker 1: in the first round of the playoffs. The loser will

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Speaker 1: host a game Friday against Atlanta or Charlotte, and that

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Speaker 1: winner will be the eighth scene take on Miami. Frank

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Speaker 1: Bogo out as coach of the Lakers two years after

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Speaker 1: winning the NBA NA. Reportedly, the Lakers will try to

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Speaker 1: hire Nick Nurse away from Toronto. John Dashot work with

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Speaker 1: Bloomberg Sports NA Thanks John SMP futures now little change down,

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Speaker 1: futures down twenty points, NaNs deck futures up ten. Your

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Speaker 1: dot Index futures and treasuries are stabilizing after the tenure

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Speaker 1: aggressive federal reserve policy tightening. Check the markets every fifteen

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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. Michael Karen,

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Speaker 1: thank you very much. A spokesman from Moscow back separatists

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Speaker 1: in eastern Ukraine has denied using chemical weapons to uproot

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Speaker 1: ten thousands billions over the past six weeks. A federal

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Speaker 1: Major League Baseball, the met Yankees, Red Sox and Giants

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Speaker 1: lost the Nationals, Orioles and A's one Global News twenty

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Speaker 1: four hours a day on air and on Bloomberg Quick Take,

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Speaker 1: powered by more than twenty seven hundred journalists and analyst

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Speaker 1: are more than a d twenty countries. Michael Barr and

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Speaker 1: this is Bloomberg. Nathan Okay, Michael. Thanks at six nineteen

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Speaker 1: on Wall Street Live from the Bloomberg Interactive Broker Studios.

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Speaker 1: This is Bloomberg Daybreak and Roslyn Mathieson is back with

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Speaker 1: us this morning, Executive editor for International Government for Bloomberg News.

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Speaker 1: As we continue hearing these growing calls for a more protracted,

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Speaker 1: more bloody phase for the war in Ukraine, particularly to

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Speaker 1: the east, but given some of the reports and images

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Speaker 1: we've seen Roz, it's difficult to imagine the war getting

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Speaker 1: even more intense than it already had hours. That's right,

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Speaker 1: but if anything, it seems like it may because it

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Speaker 1: looks like Russia, which has already been fighting heavily in

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Speaker 1: the eastern part of the country and laying siege to

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Speaker 1: towns like Mariopol for weeks now, is girding itself for

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Speaker 1: Russian president some sort of victory to claim by May nine,

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Speaker 1: which is the of course, their day, they mark their

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Speaker 1: victory day in World War Two, So it seems like

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Speaker 1: they're really girding their forces there for some kind of

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Speaker 1: full assault, and that would be to either expand the

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Speaker 1: territory that they currently have or to to really entrench

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Speaker 1: And that's the warning that we're seeing, not just from Ukraine,

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Speaker 1: but also from countries like the US and others that

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Speaker 1: all signs are that the level of Russian troops and

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Speaker 1: equipment that's piling in to the east now suggests that

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Speaker 1: they're really pushing ahead for a major assault in the

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Speaker 1: coming days. What is NATO and what are the US

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Speaker 1: pushing for as well? We've heard recent comments just moments

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Speaker 1: ago really from Russian President Vladimir Putin. Some of his

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Speaker 1: latest rhetoric is that conflict with the West is inevitable.

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Speaker 1: What does that imply well, his suggestion all of that

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Speaker 1: is what he has been saying for sometime, which is

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Speaker 1: his view that Russia is the one that's being laid

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Speaker 1: siege to, It's the one that's being encroached upon by

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Speaker 1: countries in NATO and elsewhere. It's NATO pushing out towards

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Speaker 1: Russia's periphery that has forced this action, rather than NATO

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Speaker 1: responding to what was Russia's actions inside Ukraine and suggestion

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Speaker 1: from him that he sees his mission as continuing, especially

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Speaker 1: in the don Bass area, that he sees the military

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Speaker 1: operations he calls it in Ukraine so far as successful

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Speaker 1: and set to continue. And what are we hearing further

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Speaker 1: rise about the idea of further evidence of war crimes?

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Speaker 1: You heard the report from Michael Barr about the possibility

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Speaker 1: of chemical weapons use in Ukraine. Are we seeing any

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Speaker 1: real hard evidence that not at this stage? And of

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Speaker 1: course there was one small unverified report last night from

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Speaker 1: a civilian battalion located in Mariopol, but that seems to

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Speaker 1: not have been chemical weapons or even potentially the use

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Speaker 1: of chemicals, So everyone's been very cautious about that report.

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Speaker 1: There's been nothing verified from the Ukrainian officials themselves, either

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Speaker 1: the military or the government. But certainly the concern remains

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Speaker 1: that as this war goes on, and particularly if Russia

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Speaker 1: fails to execute what it sees as its military goals

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Speaker 1: on the ground, does that lead the Russian president towards

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Speaker 1: more extreme action? Does that mean potentially the deployment of

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Speaker 1: chemicals or chemical weapons to some use inside Ukraine. Of course,

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Speaker 1: there's been accusations across history of Russia doing that elsewhere.

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Speaker 1: Russia says it destroyed its stocks of chemical weapons in

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Speaker 1: two thousand and seventeen, other countries accused it of still

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Speaker 1: maintaining at least small stock piles for potential use, and

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Speaker 1: as that concern continues to build rise, it really has

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Speaker 1: been stray king to see this shift coming from European allies,

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Speaker 1: from diplomacy and sanctions being the focus against Russia to

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Speaker 1: now even more talk of providing more heavy weapons to Ukraine.

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Speaker 1: What kind of equipment, what kind of further support could

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Speaker 1: Ukraine be looking for from Europe? Well, what they're really

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Speaker 1: looking for as an escalation of those heavy weapons, more

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Speaker 1: offensive weapons, because so far what countries have sent have

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Speaker 1: largely been classed as defensive weapons. But the reality is

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Speaker 1: that if Ukraine's are only going to defend territory, but

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Speaker 1: take territory back from Russia, it will need different kinds

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Speaker 1: of weapons, and that's more of armored vehicles and tanks.

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Speaker 1: And so you're seeing an understanding amongst EU members and

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Speaker 1: the US that that kind of stuff really needs to

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Speaker 1: go into Ukraine and quickly. Of course, it doesn't appear

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Speaker 1: magically in a day if you decide to send a

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Speaker 1: tank to Ukraine. Even if those decisions are taken now,

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Speaker 1: it could be um some weeks even before it actually

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Speaker 1: arrives in The question is whether that's already too late.

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Speaker 1: But certainly at least you're seeing and understanding that, despite

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Speaker 1: the risk that it draws the eye of the Russian President,

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Speaker 1: that a few crane is really going to withstand the

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Speaker 1: attacks on the ground. It needs you with different kinds

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Speaker 1: of equipment. All right, Thanks as always, ros good having

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Speaker 1: you on for the latest. Rosalind mathieson Bloomberg News, Executive

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Speaker 1: editor for International Government. Right now, SMP futures are down

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Speaker 1: two points, STOW futures down thirty six, NASTACK futures are higher,

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Speaker 1: but by just about eight and a half points. The

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Speaker 1: tenure treasury right now is down to thirty seconds, with

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Speaker 1: the yield very close to two point seven nine percent,

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Speaker 1: the yield on the two year two point five one

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Speaker 1: percent as we await the release of the March Consumer

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Speaker 1: Price Index. In the US, NIMEX crude surging in the session,

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Speaker 1: up three and a half percent or three dollars thirty

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Speaker 1: three cents ninety seven dollars sixty two cents a barrel.

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Speaker 1: Just ahead, we are bracing for another potentially historically high

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Speaker 1: inflation print. And what are Elon Musk's plans with Twitter?

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Speaker 1: The five things you need to know to start your day?

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Speaker 1: Just the head on Bloomberg Daybreak. Bloomberg Daybreak is brought

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Speaker 1: Living Freedom to Washington, d C, Bloomberg On to Boston,

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Speaker 1: Bloomberg one oh six one, to San Francisco, Bloomberg N

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Speaker 1: sixty to the Country Sirius XM Chado one nineteen and

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

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Speaker 1: Wall Street. Good morning. I'm Nathan Hager and I'm kerin Moscow,

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Speaker 1: and we're just about three hours away from the open

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Speaker 1: of US trading. Time for the five Things you need

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Speaker 1: to Notice start your day. Brought to you by Interactive Brokers.

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Speaker 1: to change. Learn more at ibk R dot com. Slash

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Speaker 1: compare a first. Fighting continues in Ukraine as the US

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Speaker 1: warrants the Russian invasion is set to enter a very

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Speaker 1: bloody phase. Retired Lieutenant General and David Deptula tells Bloomberg's

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Speaker 1: Joe Matthew support for Ukraine must continue. They're fighting on

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Speaker 1: behalf of the complete free world, and so we need

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Speaker 1: to support him to the greatest degree possible, not the

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Speaker 1: least that we can get by with, According to White

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Speaker 1: House and Pentagon lawyer David Deptula's book Without Washington. Correspondent

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Speaker 1: Joe Matthew on Bloomberg Sound on Catch the program weekdays

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Speaker 1: at five pm Eastern on Bloomberg Radio. Back here in

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Speaker 1: the U, S, care and economists say inflation will probably

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Speaker 1: set a fresh four decade high for March. They project

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Speaker 1: the US consumer price index rising eight point four percent

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Speaker 1: year over year. Bloomberg's Vine Tell Judas reports March. Maybe

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Speaker 1: the peak, Bloomberg Economics is commodity prices effect on the highs,

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Speaker 1: but the climb down will be stubborn lee slow. With

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Speaker 1: the US inflation rate running above seven percent much of

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Speaker 1: this year. In February, the CPI row seven point nine

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Speaker 1: percent year of the year, the Fed, meantime, will keep

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Speaker 1: tightening higher interest rates that contain runaway prices be jude

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Speaker 1: I s bloom birgday break right, Fanny, thank you? Ten

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Speaker 1: year treasuries arose about two point eight percent to the

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Speaker 1: highest level since December of twenty eight. Team. That would

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Speaker 1: be the treasury yield to sell off threatens to end

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Speaker 1: a four decade bull run in bonds. Right now ten

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00:22:28,800 --> 00:22:31,840
Speaker 1: year yields or at two point seven eight percent. Risks

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00:22:31,880 --> 00:22:34,600
Speaker 1: for global recession arising two Karen. That's thanks to high

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00:22:34,640 --> 00:22:37,879
Speaker 1: inflation as well as the Russian invasion and China's COVID shutdowns,

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Speaker 1: according to a report from the Peterson Institute for International Economics.

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00:22:41,440 --> 00:22:44,760
Speaker 1: Economists surveyed by Bloomberg also warn of rising recession risks

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Speaker 1: and Nathan speculations thirling about how Elon Musk will impact

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00:22:48,320 --> 00:22:50,879
Speaker 1: Twitter or let's get the latest Live with Bloomberg's right

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Speaker 1: need a young good morning Rady to Good morning Karen.

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Speaker 1: Now that Elon Musk is no longer accepting a position

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Speaker 1: on Twitter's board, he may acquire additional shares of the company.

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Speaker 1: Web Bush Securities analyst Dan I've says it's highly likely

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Speaker 1: that Musk takes a more hostile stance toward Twitter and

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Speaker 1: further built his active steak in the company. Musk currently

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Speaker 1: owns nine point of Twitter and is its largest individual shareholder,

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Speaker 1: and since he's not on the board, he's not required

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Speaker 1: to keep his steak. Below Live in New York, I'm

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Speaker 1: rened a young Bloomberg day break. All right, rened to

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Speaker 1: thank you. That's the five things you need to notice

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Speaker 1: start your day. Brought to you by Interactive Brokers and

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Speaker 1: straight Ahead your latest local headlines, plus a check of sports,

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Speaker 1: and this is Bloomberg. Thank you, Karen, sixty three on

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Speaker 1: Wall Street, forty nine degrees in Central Park. We got

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Speaker 1: two accidents on the Garden State Parkway. Will tell you

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Speaker 1: more in traffic and just a few minutes. First, Michael

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

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

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Speaker 1: New Jersey regulators have ever approved seven facilities that already

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Speaker 1: not clear exactly when sales would begin. The Jersey Cannabis

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Speaker 1: Regulatory Commission voted during a remotely held meeting that sales

430
00:24:08,800 --> 00:24:11,359
Speaker 1: could start in a matter of weeks or longer. The

431
00:24:11,480 --> 00:24:14,159
Speaker 1: approval vote comes a year and a half after voters

432
00:24:14,280 --> 00:24:19,119
Speaker 1: overwhelmingly approved recreational marijuana for people twenty one and older.

433
00:24:19,680 --> 00:24:23,560
Speaker 1: Masks are making a return to Philadelphia. Officials have decided

434
00:24:23,680 --> 00:24:27,040
Speaker 1: with an increase in COVID nineteen infections, it's time for

435
00:24:27,119 --> 00:24:31,080
Speaker 1: the indoor mask mandate to come back. Philadelphia's Health commissioners

436
00:24:31,160 --> 00:24:35,159
Speaker 1: Cheryl bettegal, today's case count is more than higher than

437
00:24:35,200 --> 00:24:37,000
Speaker 1: what we saw ten days ago, so we know that

438
00:24:37,080 --> 00:24:40,359
Speaker 1: cases are rising fairly quickly. The number of people hospitalized

439
00:24:40,400 --> 00:24:44,320
Speaker 1: in Philly with COVID is still low, only forty. Commissioner

440
00:24:44,400 --> 00:24:48,120
Speaker 1: Benegal says beginning next Monday, people in indoor public spaces,

441
00:24:48,160 --> 00:24:53,000
Speaker 1: including schools, child care settings, businesses, restaurants, and government buildings

442
00:24:53,280 --> 00:24:56,200
Speaker 1: will be told to mask up. The US has ordered

443
00:24:56,240 --> 00:24:59,480
Speaker 1: all non emergency government staff to leave Shanghai, which is

444
00:24:59,560 --> 00:25:02,840
Speaker 1: under a tight lockdown to contain at COVID nineteen search.

445
00:25:03,520 --> 00:25:07,919
Speaker 1: People living under the restrictions have described an increasingly desperate situation,

446
00:25:08,320 --> 00:25:12,240
Speaker 1: with families unable to obtain food and daily necessities. Shanghai

447
00:25:12,320 --> 00:25:16,680
Speaker 1: reported another twenty three thousand cases. Today, President Joe Biden

448
00:25:16,680 --> 00:25:20,879
Speaker 1: announced the finalization of new federal rules restricting so called

449
00:25:20,960 --> 00:25:25,760
Speaker 1: ghost guns, which allow purchasers to assemble potentially untraceable weapons

450
00:25:25,800 --> 00:25:30,440
Speaker 1: from kits Georgia packs like this one over here includes

451
00:25:30,480 --> 00:25:33,280
Speaker 1: the parts youre need, the direction of assembly, a functioning

452
00:25:33,359 --> 00:25:35,880
Speaker 1: fire you bought a gun. The President called the new

453
00:25:35,920 --> 00:25:39,879
Speaker 1: policy just basic common sense. A woman who falsely accused

454
00:25:39,960 --> 00:25:42,080
Speaker 1: a black team of stealing her cell phone and a

455
00:25:42,119 --> 00:25:45,639
Speaker 1: New York City hotel avoids jail time after pleading guilty

456
00:25:45,680 --> 00:25:48,439
Speaker 1: and a hearing to a hate crime. Twenty three year

457
00:25:48,480 --> 00:25:52,800
Speaker 1: old Maya Poncetto pleaded guilty to unlawful imprisonment in the

458
00:25:52,880 --> 00:25:56,080
Speaker 1: second degree as a hate crime after she accused then

459
00:25:56,119 --> 00:25:59,879
Speaker 1: fourteen year old Ken Harold of stealing her cell phone

460
00:26:00,040 --> 00:26:03,480
Speaker 1: and then attack fourteen year old at the Arlo Soho

461
00:26:03,600 --> 00:26:09,560
Speaker 1: hotel in December. Said those defense attorney Paul Emelia, we

462
00:26:09,800 --> 00:26:13,360
Speaker 1: obviously are happy and relieved that this story deal is over.

463
00:26:14,160 --> 00:26:16,560
Speaker 1: Defense attorney Amelia said his client is grateful for the

464
00:26:16,600 --> 00:26:19,320
Speaker 1: BEA's empathy. Global News twenty four hours a day on

465
00:26:19,359 --> 00:26:22,040
Speaker 1: airand on Bloomberg Quick Take Power, more than twenty seven

466
00:26:22,119 --> 00:26:24,800
Speaker 1: hundred journalist analysts, more than a D twenty countries. Michael

467
00:26:24,840 --> 00:26:31,960
Speaker 1: Barb this is Bloomberg Naked. Thanks Michael. Just about six

468
00:26:32,000 --> 00:26:34,280
Speaker 1: thirty six on Wall Street, John stash Our has the

469
00:26:34,280 --> 00:26:36,879
Speaker 1: Bloomberg Sports Update. All right, Nathan. Life in the a

470
00:26:37,080 --> 00:26:39,439
Speaker 1: L E's Tampa Bay has been better than the Yankees

471
00:26:39,520 --> 00:26:41,600
Speaker 1: each of the last two seasons. Red Sox beat the

472
00:26:41,680 --> 00:26:44,560
Speaker 1: Yanks of the playoffs. Last year in Toronto, much improved

473
00:26:44,600 --> 00:26:47,439
Speaker 1: Blue Jays at the stadium. First of four, Jay's won

474
00:26:47,520 --> 00:26:50,119
Speaker 1: three opts, Alec Moneo and three relievers. Teams been a

475
00:26:50,200 --> 00:26:52,600
Speaker 1: four hit shutout. George Springer provided the all on the

476
00:26:52,680 --> 00:26:55,480
Speaker 1: offensive two run homer, then an rb I double. Jay's

477
00:26:55,520 --> 00:26:58,479
Speaker 1: pitchers did issue nine walks and the Yanks sets of chances,

478
00:26:58,560 --> 00:27:01,520
Speaker 1: but the night after they branded eleven runners against the

479
00:27:01,560 --> 00:27:04,720
Speaker 1: Red Sox, they left eight more on base. Anthony Rizzo

480
00:27:04,800 --> 00:27:07,120
Speaker 1: on the challenge of the division. Good team, They're they're

481
00:27:07,119 --> 00:27:12,119
Speaker 1: a good team. They're that's this whole divisions, the Blue Jays.

482
00:27:12,960 --> 00:27:15,320
Speaker 1: The raise. I just think every game and every day

483
00:27:15,440 --> 00:27:19,800
Speaker 1: is is you know, we lost, that's it, and tomorrow

484
00:27:19,840 --> 00:27:21,959
Speaker 1: will come back. And two we can do to win,

485
00:27:22,040 --> 00:27:23,760
Speaker 1: and that's that's really all I can do. Mets in

486
00:27:23,880 --> 00:27:27,760
Speaker 1: Philadelphia and like Sunday in Washington, great pitching for seven innings,

487
00:27:28,080 --> 00:27:30,200
Speaker 1: metsic afore nothing lead of the eighth and the lead

488
00:27:30,320 --> 00:27:33,960
Speaker 1: disappeared in the eighth. Phillies scored five times offer leavers

489
00:27:34,000 --> 00:27:36,280
Speaker 1: Joe Ellie Rodriguez and Seth Lugo in the fields won

490
00:27:36,400 --> 00:27:38,639
Speaker 1: five for Alec Bohm, the Phillies third basement had a

491
00:27:38,720 --> 00:27:41,040
Speaker 1: rough night. He had errors in each of the first

492
00:27:41,119 --> 00:27:43,320
Speaker 1: three innings. Before the Nets can be part of the

493
00:27:43,400 --> 00:27:45,560
Speaker 1: NBA Playoffs, they have to win in the play in

494
00:27:45,880 --> 00:27:48,760
Speaker 1: They host Cleveland tonight. The winner is the seventh seed

495
00:27:48,840 --> 00:27:52,000
Speaker 1: and takes on Boston. The loser has another game Friday

496
00:27:52,119 --> 00:27:54,320
Speaker 1: to then try and be the eight seed. Rangers tonight

497
00:27:54,359 --> 00:27:57,800
Speaker 1: host Carolina. That's the first place in the Metropolitan Division. St.

498
00:27:57,840 --> 00:28:01,480
Speaker 1: Peter's name. Basher Mason is new basketball coach, replacing Seen Halloway,

499
00:28:01,520 --> 00:28:04,240
Speaker 1: who left for Seton Hall. Mason had been at Wagner,

500
00:28:04,359 --> 00:28:07,359
Speaker 1: pof Peacock's Course said that historic n C double a

501
00:28:07,520 --> 00:28:09,360
Speaker 1: run three of the top players in that t mark

502
00:28:09,440 --> 00:28:13,280
Speaker 1: transferring John Stash that Bloomberg Sports taking all right, John,

503
00:28:13,359 --> 00:28:15,520
Speaker 1: thank you sixty seven on Wall Street. Time to take

504
00:28:15,560 --> 00:28:17,240
Speaker 1: a look at stock, some of the names moving in

505
00:28:17,280 --> 00:28:20,640
Speaker 1: the pre market with Bloomberg Radio and TV markets correspondent

506
00:28:20,720 --> 00:28:24,080
Speaker 1: Creedy Goopeda. Of course, creedy traders are bracing for that

507
00:28:24,280 --> 00:28:27,240
Speaker 1: March CPI print. What are you watching this morning? Yeah,

508
00:28:27,320 --> 00:28:29,840
Speaker 1: marching bracing for the March cp I print, like you said,

509
00:28:29,880 --> 00:28:32,240
Speaker 1: but also keeping an eye on those textures because essentially

510
00:28:32,280 --> 00:28:35,959
Speaker 1: it's those textures that are making or breaking index games lately. Yesterday,

511
00:28:35,960 --> 00:28:38,680
Speaker 1: of course, you know, the NASTAC took quite the beating,

512
00:28:38,880 --> 00:28:41,200
Speaker 1: dropping apps over two percent, I should say, dragging the

513
00:28:41,280 --> 00:28:44,120
Speaker 1: SMP five hundred down with it today maybe making a

514
00:28:44,400 --> 00:28:47,320
Speaker 1: very small comeback, we'll see. Let's start with Apple here

515
00:28:47,400 --> 00:28:49,880
Speaker 1: underneath the hood. A ap L is your taking. Announ's

516
00:28:49,920 --> 00:28:52,480
Speaker 1: only down one tenth of a percent, but City coming

517
00:28:52,520 --> 00:28:55,320
Speaker 1: out and saying that it expects Apple to raise its

518
00:28:55,400 --> 00:28:58,480
Speaker 1: dividend and add as much as ninety billion dollars in

519
00:28:58,760 --> 00:29:01,600
Speaker 1: buy backs. It also comes the report's second quarter results

520
00:29:01,920 --> 00:29:03,880
Speaker 1: later this month, so earlier in the session, this was

521
00:29:03,920 --> 00:29:05,760
Speaker 1: giving Apple a bit of a boost. Let's see if

522
00:29:05,840 --> 00:29:08,520
Speaker 1: that boost comes back at the start of trading, because

523
00:29:08,560 --> 00:29:10,680
Speaker 1: that could actually help perhaps drive some games for the

524
00:29:10,840 --> 00:29:13,640
Speaker 1: entire SMP five hundred. To the downside, though, you do

525
00:29:13,760 --> 00:29:16,560
Speaker 1: have Cisco at c s c O. Is your ticker

526
00:29:16,680 --> 00:29:19,400
Speaker 1: down a whopping two percent once again. This comes after

527
00:29:19,520 --> 00:29:22,640
Speaker 1: a city move City cutting it on competition from Juniper

528
00:29:22,720 --> 00:29:25,560
Speaker 1: and Arista. City says Juniper and Arista are gaining more

529
00:29:25,640 --> 00:29:28,360
Speaker 1: market share from Cisco, and as the trend evolved, Cisco

530
00:29:28,440 --> 00:29:31,840
Speaker 1: could face a compression and valuation multiple. That's a lot

531
00:29:31,920 --> 00:29:34,960
Speaker 1: of fancy talk, Nathan, for essentially, Cisco is kind of

532
00:29:35,040 --> 00:29:37,000
Speaker 1: losing a little bit of market share really having to

533
00:29:37,040 --> 00:29:40,040
Speaker 1: deal with competition. They've been growing so much. How much

534
00:29:40,120 --> 00:29:43,160
Speaker 1: more can they grow when they've already made so much progress.

535
00:29:43,200 --> 00:29:45,320
Speaker 1: This is kind of perhaps a little bit of losing

536
00:29:45,360 --> 00:29:47,880
Speaker 1: momentum that they're talking about. Once again, c s c

537
00:29:48,080 --> 00:29:51,240
Speaker 1: O down two percent. I shall also talk about n

538
00:29:51,280 --> 00:29:54,240
Speaker 1: video n v d A. This is an interesting story, Nathan,

539
00:29:54,280 --> 00:29:56,160
Speaker 1: because of course we know this is the chip maker,

540
00:29:56,360 --> 00:29:58,719
Speaker 1: the heavyweight in the SMP five hundred and the NaSTA

541
00:29:59,000 --> 00:30:00,680
Speaker 1: as well as the socks and as well as something

542
00:30:00,720 --> 00:30:02,800
Speaker 1: that a lot of other chipmakers take their cue from. Well,

543
00:30:02,800 --> 00:30:04,840
Speaker 1: it's bouncing back up six tenths of a present after

544
00:30:04,960 --> 00:30:08,560
Speaker 1: dropping twenty in the last five sessions. So you really

545
00:30:08,600 --> 00:30:10,440
Speaker 1: want to have tech on your side to see those

546
00:30:10,480 --> 00:30:12,840
Speaker 1: broad games, and lately we just haven't had that. A

547
00:30:12,880 --> 00:30:15,440
Speaker 1: lot of going on in tech this morning outside the

548
00:30:15,520 --> 00:30:17,800
Speaker 1: sector though, anything else catching your eye, Well, we got

549
00:30:17,920 --> 00:30:20,640
Speaker 1: to talk about hardware. This is tech adjacent, I'll say,

550
00:30:20,920 --> 00:30:22,440
Speaker 1: And once again this really comes down to the whole

551
00:30:22,480 --> 00:30:24,440
Speaker 1: tech theme, but this is tech adjason as opposed to

552
00:30:24,440 --> 00:30:27,480
Speaker 1: your big tech players. Morgan Stanley also now saying it's

553
00:30:27,520 --> 00:30:32,480
Speaker 1: cautious on telecom hardware. It actually cuts three stocks, including

554
00:30:32,800 --> 00:30:36,680
Speaker 1: Hewlett Packard Enterprises hp F five f F I V

555
00:30:36,920 --> 00:30:39,280
Speaker 1: is your taker at n T A P. That's the

556
00:30:39,320 --> 00:30:41,680
Speaker 1: taker from net out there all down this morning. Nathan

557
00:30:41,920 --> 00:30:44,720
Speaker 1: all Right, Bloomberg Radio and TV Markets, corresponding Crety Goop

558
00:30:44,760 --> 00:30:47,080
Speaker 1: that keeping an eye on the tech stocks and the

559
00:30:47,240 --> 00:30:49,120
Speaker 1: rest of the market as we take a look at

560
00:30:49,160 --> 00:30:52,240
Speaker 1: stocks as a whole. Before the Tuesday morning open and

561
00:30:52,440 --> 00:30:55,320
Speaker 1: before the release of the March cp I futures a

562
00:30:55,440 --> 00:30:59,160
Speaker 1: touch higher. Right now, SNP futures up almost four points down,

563
00:30:59,240 --> 00:31:02,440
Speaker 1: futures up a let ben NAZDAC futures leading the gains

564
00:31:02,520 --> 00:31:06,080
Speaker 1: after yesterday's big losses for the nastac one. NaSTA futures

565
00:31:06,120 --> 00:31:09,320
Speaker 1: are up thirty two points. The tenure treasury is down

566
00:31:09,440 --> 00:31:14,280
Speaker 1: to thirty seconds, the yield two points on the tenure note.

567
00:31:14,360 --> 00:31:23,680
Speaker 1: You're listening to Bloomberg Daybreak Bloomberg eleven three or whether

568
00:31:23,720 --> 00:31:25,880
Speaker 1: Probably mostly sunny today with a high in neear seventy,

569
00:31:25,920 --> 00:31:28,960
Speaker 1: a mix of sun and clouds, upper sixties tomorrow, afternoon

570
00:31:29,000 --> 00:31:32,280
Speaker 1: showers and thunderstorms likely Thursday, with a high near seventy five.

571
00:31:32,480 --> 00:31:34,560
Speaker 1: Right now, fifty degrees in Central Park