WEBVTT - Bloomberg Daybreak: March 31, 2022 - Hour 1 (Radio) 0:00:03.080 --> 0:00:04.840 And it's now five oh seven on Wall Street where 0:00:04.920 --> 0:00:07.840 forty six degrees in Central Park. That's emergency roadwork on 0:00:07.880 --> 0:00:10.720 the New Jersey Turnpike. Look at the details and traffic shortly. First, 0:00:10.760 --> 0:00:12.760 Michael Bars here with more on what's going on in 0:00:12.760 --> 0:00:15.200 New York and around the world. Good morning, Michael, Good 0:00:15.240 --> 0:00:18.800 morning Nathan. New York City Task Force has removed almost 0:00:18.840 --> 0:00:22.079 two hundred forty homeless encampments over the past two weeks. 0:00:22.520 --> 0:00:25.240 It's part of Mayor Eric adams strategy to clean up 0:00:25.239 --> 0:00:28.120 public spaces and connect people living on the streets with 0:00:28.160 --> 0:00:32.400 housing and social services. As if Mayor, of all of us, 0:00:32.720 --> 0:00:36.960 including my homeless brothers assistants, I'm not leaving any New 0:00:37.040 --> 0:00:40.920 York Is behind. We're moving together and that is the 0:00:40.960 --> 0:00:44.280 goal of what we must accomplish. I'm not abandoning anyone. 0:00:44.720 --> 0:00:48.240 I'm not believing that dignity is living in a cardboard 0:00:48.880 --> 0:00:54.360 without a shower, without a toilet, living in terrible living conditions. 0:00:54.880 --> 0:00:57.560 Mayor Adams has more than three hundred homeless people have 0:00:57.640 --> 0:01:02.080 accepted social services New York City COVID nineteen. Cases are 0:01:02.160 --> 0:01:06.160 rising again, particularly among people to thirty four years old. 0:01:06.600 --> 0:01:10.360 Surge appears to be concentrated in Manhattan, the most vaccinated burrow. 0:01:10.760 --> 0:01:13.000 The New York City Department of Health posted a warning 0:01:13.040 --> 0:01:16.160 on Twitter saying they strongly recommend New Yorker's mask up 0:01:16.400 --> 0:01:19.800 indoors and get booster shots. A deadly strain of bird 0:01:19.840 --> 0:01:22.960 flu that's been raising egg prices ahead of Easter has 0:01:22.959 --> 0:01:26.360 been discovered in five New u s States. According to 0:01:26.400 --> 0:01:30.960 the Department of Agriculture, the virus increasingly is threatening American 0:01:31.000 --> 0:01:35.560 poultry exports. The influenza was discovered in Massachusetts, North Carolina, 0:01:35.680 --> 0:01:39.920 North Dakota, Ohio, and Wyoming. Chris Rock says he is 0:01:39.920 --> 0:01:43.320 still processing the Will Smith slap at the Oscars. Rock 0:01:43.440 --> 0:01:46.200 played before a sold out show in Boston last night. 0:01:46.440 --> 0:01:48.920 The fifty seven year old comedian got a long standing 0:01:48.920 --> 0:01:52.400 ovation from the crowd. Meanwhile, the Motion Picture Academy is 0:01:52.400 --> 0:01:55.800 now revealing that Smith was asked to leave the Oscars 0:01:55.840 --> 0:01:59.080 after he slapped Rock, but he refused. The Academy says 0:01:59.120 --> 0:02:03.200 it has begun disperlinary proceedings against Smith, which could include expulsion. 0:02:03.600 --> 0:02:06.240 Actor Bruce Willis is stepping away from his acting career. 0:02:06.600 --> 0:02:10.440 His family says he has recently been diagnosed with aphasia, 0:02:10.560 --> 0:02:14.840 which is impacting is cognitive abilities. Dr Jagen Polai is 0:02:14.880 --> 0:02:18.680 a cognitive neurologist at the Cleveland Clinic Center for Brain Health. 0:02:19.080 --> 0:02:21.840 There is a change in the language function of the 0:02:21.880 --> 0:02:27.120 person because of blind change happening the language part of 0:02:27.160 --> 0:02:30.120 the brain. Dr Belin told a d c a phasia 0:02:30.200 --> 0:02:33.600 can be caused by an injury, stroke, or denderative disease. 0:02:34.040 --> 0:02:36.799 Global News twenty four hours a day on air and 0:02:36.960 --> 0:02:39.359 on Bloomberg Quick Take, powered by more than twenty seven 0:02:39.440 --> 0:02:42.240 hundred journalists analysts more than a hundred twenty countries. Michael 0:02:42.280 --> 0:02:44.840 bar this is Bloomberg, Nathan, tough news for Bruce Willis. 0:02:44.840 --> 0:02:51.320 Thank you, Michael. Coming up to five ten on Wall 0:02:51.360 --> 0:02:53.280 Street time for the Bloomberg Sports Up, Tay, Good morning, 0:02:53.320 --> 0:02:56.000 John Stanshawn. You morning, Nathan. It has obviously been a 0:02:56.080 --> 0:02:58.560 much better season for the Rangers than it has been 0:02:58.560 --> 0:03:00.600 for the next they'll be a play off hockey at 0:03:00.600 --> 0:03:03.720 the Garden, almost certainly not playoff hoops. Last night Rangers won, 0:03:04.120 --> 0:03:06.360 Knicks lost their season high four game winspe came to 0:03:06.400 --> 0:03:10.400 an end. Charlotte one one fourteen. Miles Bridges score thirty 0:03:10.400 --> 0:03:13.480 one points, Flamelo Ball had twenty and fifteen assists Evan 0:03:13.560 --> 0:03:16.360 for the Knicks with thirty. As to the Rangers back 0:03:16.400 --> 0:03:18.440 and forth game in Detroit and didn't have to go 0:03:18.520 --> 0:03:22.679 on the power play they score? Is it Crider or 0:03:22.760 --> 0:03:25.519 cop of the doorstep? Prider took the shot. It's a 0:03:25.600 --> 0:03:28.880 power play goal. We're tied at four. Miller on the ice, 0:03:29.320 --> 0:03:32.680 cop pannerin far circle. Pennarities got cop gets at the 0:03:32.680 --> 0:03:37.600 cop shoots at scores and crew copping over time. How 0:03:37.640 --> 0:03:40.280 the Rangers win five full WPN had it a time? 0:03:40.360 --> 0:03:42.800 Goal was by Chris Cryder. That's his forty six. It's 0:03:42.800 --> 0:03:45.480 the Rangers sports may win. Some coaching news. First one 0:03:45.520 --> 0:03:47.800 Seaton Hall, where Kevin Willard recently left to take over 0:03:47.800 --> 0:03:51.120 at Maryland. Shaheen Halloway had been Willard's top assistant, first 0:03:51.120 --> 0:03:53.280 at Iona, then for eight years at Seton Hall, where 0:03:53.320 --> 0:03:56.280 Holloway was once his star point guard. So he might 0:03:56.320 --> 0:03:58.960 have gotten this job even if he hadn't just coached St. 0:03:58.960 --> 0:04:01.240 Peter's to arguably the greatest Cinderella run and n C 0:04:01.360 --> 0:04:04.960 double A tournament history. No surprise, Holloway leaving the Peacocks 0:04:05.000 --> 0:04:06.880 stayed in New Jersey, the coach of the Pirates, but 0:04:06.920 --> 0:04:09.520 a big surprise last night out of Tampa Bay, Brose 0:04:09.640 --> 0:04:12.760 Arians stepped down. He's going to assist Bucks GM Jason White, 0:04:12.800 --> 0:04:15.480 Todd Bowles, who was the defense supportator before that. The 0:04:15.480 --> 0:04:17.520 head coach of the Jets takes over. The sixty nine 0:04:17.560 --> 0:04:20.479 year old Arians has had health issues, but insisted that 0:04:20.560 --> 0:04:23.080 was not the reason for this movement. John Dash Award 0:04:23.080 --> 0:04:25.640 and Bloomberg Sports Nathan Okay, John, thanks right now. S 0:04:25.680 --> 0:04:28.440 and P futures up four points, Staff Futures down six, 0:04:28.560 --> 0:04:32.120 nasdack futures hi are by fifty seven points. NIMEX s 0:04:32.160 --> 0:04:34.800 crew down five point three per cent to a hundred 0:04:34.800 --> 0:04:37.200 two dollars twelve cents of barrel on word, the Biden 0:04:37.200 --> 0:04:40.560 administration could be thinking of a massive release from the 0:04:40.600 --> 0:04:43.119 strategic reserve. We'll talk about the war next with Julie 0:04:43.160 --> 0:04:48.600 Norman of uc L. This is Bloomberg Bloomberg eleven three 0:04:48.600 --> 0:04:51.200 oh weather cloudie, breezy today, some afternoon showers possible of 0:04:51.240 --> 0:04:53.920 the high year seventy turning partly sunny and breezy. Tomorrow. 0:04:54.000 --> 0:04:56.599 Upper fifties will be the low fifties under a mix 0:04:56.600 --> 0:04:58.960 of sun and clouds on Saturday. Right now forty six 0:04:59.160 --> 0:05:04.960 in central Park, Markets, headlines and breaking news twenty four 0:05:04.960 --> 0:05:08.040 hours a day at Bloomberg dot Com, the Bloomberg Business 0:05:08.040 --> 0:05:11.719 Outland at Bloomberg Quick Take, this is a Bloombern business 0:05:11.800 --> 0:05:20.560 lash and I'm Karin Moscow and energy stocks are dropping 0:05:20.560 --> 0:05:23.599 with oil prices and investors Way reports that the Biden 0:05:23.640 --> 0:05:26.880 administration is considering a massive release of crude from US 0:05:26.960 --> 0:05:29.880 reserves to find inflation. Stocks in Europe are set for 0:05:29.920 --> 0:05:34.080 the first quarterly declient since US dock index futures are 0:05:34.080 --> 0:05:36.400 pairing in advance, and we checked the markets every fifteen 0:05:36.400 --> 0:05:39.040 minutes throughout the trading day. On Bloomberg U S and 0:05:39.080 --> 0:05:41.440 P Future is up six points right now, DAL Future 0:05:41.480 --> 0:05:44.240 is little changed. Nasdack Future is up sixty eight. The 0:05:44.320 --> 0:05:47.000 decks in Germany is little changed as well. Ten your 0:05:47.040 --> 0:05:49.400 treasury up to thirty seconds. You have two point three 0:05:49.440 --> 0:05:51.840 three percent. They yield on the two year two point 0:05:51.880 --> 0:05:54.960 to nine percent. Nine X Screwed oil is down five 0:05:55.000 --> 0:05:57.440 point six percent on six dollars eight cents and a 0:05:57.480 --> 0:06:00.480 hundred one dollar seventy cents of barrel. Comma School down 0:06:00.520 --> 0:06:03.400 six tents per cent or twelve dollars at ninety eight 0:06:03.480 --> 0:06:07.360 announce the euro one point nine against the dollar, British 0:06:07.400 --> 0:06:10.120 pound one point three one to seven, the ends at 0:06:10.120 --> 0:06:13.560 one two point oh three and Bitcoin this morning lower 0:06:13.600 --> 0:06:16.360 down two chance per set at forty seven thousand, one 0:06:16.800 --> 0:06:20.000 seventy dollars. That's a Bloomberg business flash. Now here's Muchael 0:06:20.040 --> 0:06:22.640 Barrow with more on what's going on around the world. Muchel, 0:06:22.680 --> 0:06:26.200 Good morning, Good morning, Karen. Ukraine's president says his country's 0:06:26.240 --> 0:06:29.640 defense against the Russian invasion is at a turning point, 0:06:29.880 --> 0:06:33.480 but Lodamir Zelenski again press the United States for more help, 0:06:33.720 --> 0:06:37.040 hours after the Kremlin's forces renegged on a pledge to 0:06:37.080 --> 0:06:41.120 scale back some of their operations. Meanwhile, a Ukrainian negotiators 0:06:41.160 --> 0:06:44.400 as officials from Ukraine and Russia are set to resume 0:06:44.520 --> 0:06:48.599 talks via video conference tomorrow. As the regular NBA season 0:06:48.640 --> 0:06:52.560 winds down. The next Celtics and Warriors lost, the Wizards won. 0:06:52.880 --> 0:06:56.279 Coach Sheeen Holloway is leaving St. Peter's for Seaton Hall, 0:06:56.360 --> 0:07:00.159 just days after helping the Little Jesuit School make history 0:07:00.200 --> 0:07:02.320 becoming the first fifteenth seed to reach the n C 0:07:02.400 --> 0:07:05.239 Double A Tournaments Elite eight. In the NHL, the Rangers 0:07:05.279 --> 0:07:07.880 beat the Red Wings and o t five four Global 0:07:07.920 --> 0:07:10.320 News twenty four hours a day on air and on 0:07:10.400 --> 0:07:14.520 Bloomberg Quick Take, powered by more than journalists and analysts 0:07:14.560 --> 0:07:17.320 more than a hundred twenty countries. Michael Barr and this 0:07:17.640 --> 0:07:19.680 is Bloomberg, Nathan. Yeah, you'd think that coach would be 0:07:19.720 --> 0:07:22.680 in high demand now, Thank you, Michael. It's five nineteen 0:07:22.680 --> 0:07:25.640 on Wall Street Live from the Bloomberg Interactive Broker Studios. 0:07:25.720 --> 0:07:28.840 This is Bloomberg Daybreak, and Julie Norman is with us 0:07:28.840 --> 0:07:31.280 this morning, co director of the Center on US Politics 0:07:31.560 --> 0:07:34.800 at University College London, as we continue following the latest 0:07:34.840 --> 0:07:37.400 on the war in Ukraine, Professor, Good morning. As we 0:07:37.480 --> 0:07:41.360 heard from Michael Barr in the news, talks could resume 0:07:41.480 --> 0:07:45.160 tomorrow between Ukrainian and Russia negotiators. Is there any reason 0:07:45.200 --> 0:07:48.520 to think that the discussions would make any more headway 0:07:48.600 --> 0:07:51.760 than what we saw in Turkey earlier this week? Well, 0:07:51.760 --> 0:07:54.880 good morning, Nathan. One of the challenges right now is 0:07:54.960 --> 0:07:57.840 what we're hearing out of the negotiations and then what 0:07:57.920 --> 0:08:00.000 we're hearing from the Kremlin and seeing on the back 0:08:00.000 --> 0:08:02.600 a field tend to be quite different. So on the 0:08:02.640 --> 0:08:06.240 one hand, there was some apparent progress made earlier this week, 0:08:06.360 --> 0:08:10.320 at the meetings in Turkey, with very frank discussions about 0:08:10.440 --> 0:08:15.280 Ukraine's potential neutral status moving forward with central security guarantees 0:08:15.320 --> 0:08:18.160 from other states UH and talking about more of a 0:08:18.240 --> 0:08:20.520 focus on what the territories in the East will look 0:08:20.560 --> 0:08:23.160 like in the future. So I think that's still where 0:08:23.200 --> 0:08:26.160 the crux of the negotiations will ultimately end up. But 0:08:26.280 --> 0:08:30.080 unfortunately we're not seeing is a ceasefire or withdrawal of 0:08:30.120 --> 0:08:33.760 troops that would actually allow for those more substantive UH 0:08:33.800 --> 0:08:37.280 negotiations to happen. And indeed, Russia's claims that they would 0:08:37.320 --> 0:08:40.719 be drawing down some of their offenses near Kievan elsewhere 0:08:41.200 --> 0:08:43.760 have not borne out. In practice, we're still seeing we're 0:08:43.800 --> 0:08:46.200 still seeing offenses in those areas as well as in 0:08:46.240 --> 0:08:48.600 the East. So until things actually changed on the ground, 0:08:48.800 --> 0:08:51.720 it's going to be difficult for the real substance measures 0:08:51.720 --> 0:08:54.360 to move forward at the table in the negotiations. Yeah, 0:08:54.360 --> 0:08:56.880 that's certainly what we're hearing from officials on the ground 0:08:56.880 --> 0:08:59.800 in Ukraine as well as from the Pentagon. They're terming 0:08:59.840 --> 0:09:04.240 the Russian claims of de escalation as more like a repositioning. 0:09:04.400 --> 0:09:06.440 What does that say about where this war could go 0:09:06.600 --> 0:09:09.800 from here? Well, I think it's that the war will 0:09:09.880 --> 0:09:12.840 likely go on for for quite a bit longer, unfortunately, 0:09:13.200 --> 0:09:16.720 but it's it's also most likely that Russia will start 0:09:16.800 --> 0:09:21.000 emphasizing their operations in the east much more strongly. I 0:09:21.000 --> 0:09:23.840 think it's pretty clear now and definitely from the start 0:09:23.880 --> 0:09:26.839 even of the the invasion, that Putin is really trying 0:09:26.840 --> 0:09:30.280 to control the dun Bus region, um Danetsk and enhance 0:09:30.360 --> 0:09:33.800 those areas that already had large separatist regions within them, 0:09:33.840 --> 0:09:36.200 trying to expand those trying to build a land bridge 0:09:36.240 --> 0:09:39.160 to Crimea. So in terms of territory and where I 0:09:39.160 --> 0:09:41.760 think we'll see the offenses focus, I do think we'll 0:09:41.760 --> 0:09:43.760 see that shift to the east, but again I think 0:09:43.760 --> 0:09:45.480 we'll still see that pressure on other parts of the 0:09:45.520 --> 0:09:48.040 country as well. Um, all we can hope is that 0:09:48.080 --> 0:09:51.719 these negotiations, which have been you know, extremely sluggish but 0:09:51.840 --> 0:09:54.880 are like some extremely baby steps of progress, will just 0:09:54.960 --> 0:09:57.120 keep chipping away at the meantime to a point that 0:09:57.200 --> 0:10:00.160 Zelenski and Putin can actually meets and and trying work 0:10:00.160 --> 0:10:02.439 out what this might look like. It's also been very 0:10:02.480 --> 0:10:06.240 interesting to hear the Biden administration sharing intelligence in the 0:10:06.240 --> 0:10:09.120 way it has even before the war began telegraphing that 0:10:09.200 --> 0:10:12.920 Russia would be invading within days. And now the White 0:10:12.920 --> 0:10:16.840 House saying that they have intelligence that Russian President Vladimir 0:10:16.840 --> 0:10:20.440 Putin is being misinformed by his military about how the 0:10:20.440 --> 0:10:22.480 war is going. What is the advantage for the US 0:10:22.520 --> 0:10:26.160 and allies to share intelligence in this way. Yeah, with 0:10:26.240 --> 0:10:29.240 an interesting approach, Nathan, And it's one that the US started, 0:10:29.280 --> 0:10:32.240 as you noted, before the invasion, essentially to try and 0:10:32.280 --> 0:10:36.560 get out ahead of Putin's own misinformation. So again, at 0:10:36.600 --> 0:10:39.160 that time, they were worried that Putin would kind of 0:10:39.240 --> 0:10:43.000 orchestrate a false flag incident, that he would you accuse 0:10:43.559 --> 0:10:46.640 NATO or Ukraine of you know, using chemical weapons or 0:10:46.679 --> 0:10:48.679 doing something like this. So they're trying to get out 0:10:48.679 --> 0:10:50.880 ahead of some of the disinformation they thought might be 0:10:50.880 --> 0:10:54.040 coming from the Kremlin. This latest kind of reporting now, 0:10:54.160 --> 0:10:56.800 I think, is again just trying to keep the pressure 0:10:56.920 --> 0:11:00.880 on Russian on Putin in particular. Um, this intelligence from 0:11:00.960 --> 0:11:04.640 yesterday suggesting that Putin is not getting the full picture 0:11:04.679 --> 0:11:07.360 from his military commanders is uh, you know, I think 0:11:07.400 --> 0:11:10.760 something that obviously we're we're watching the intelligence, but also 0:11:10.800 --> 0:11:13.560 most of us watched that press conference before the invasion started. 0:11:13.600 --> 0:11:15.760 Where Putin's advisors had to take it up and pretty 0:11:15.800 --> 0:11:17.600 much tell him exactly what he wanted to hear. So 0:11:17.679 --> 0:11:20.040 I don't think that's super surprising that some of his 0:11:20.240 --> 0:11:22.960 advisors are still probably under that kind of pressure. And 0:11:22.960 --> 0:11:26.040 in our last minute here, Professor, we're expecting President Biden 0:11:26.080 --> 0:11:29.320 to announce this massive release of oil from the Strategic reserve, 0:11:29.440 --> 0:11:31.960 something like a million barrels a day. Is that a 0:11:32.000 --> 0:11:34.960 sign that the war is starting to take a pinch 0:11:35.000 --> 0:11:38.240 on this country? Now? Well, I think we've certainly seen 0:11:38.240 --> 0:11:41.560 the pinch, Nathan. You know, crude is up from this 0:11:41.600 --> 0:11:45.400 time last year, Gases at four for an average of 0:11:45.440 --> 0:11:48.160 Americans right now, so I think we're seeing that pinch. 0:11:48.240 --> 0:11:51.079 Biden has been under pressure from both parties to uh 0:11:51.480 --> 0:11:54.400 to use the Strategic Petroleum Reserve. It's interesting they did 0:11:54.440 --> 0:11:57.640 release about fifty million barrels from the reserve back in November. 0:11:58.280 --> 0:12:01.880 That helps momentarily, but prices obviously went up again. What 0:12:01.960 --> 0:12:05.000 they're talking about now is releasing one million barrels per 0:12:05.080 --> 0:12:07.680 day over several months, so trying to have it be 0:12:07.760 --> 0:12:10.400 more of a slow release as to help with prices. 0:12:10.440 --> 0:12:12.640 So it could help in the short term, but in 0:12:12.679 --> 0:12:15.040 the long term old depend a lot on US demand 0:12:15.200 --> 0:12:18.000 and also how other countries play this, if other members 0:12:18.040 --> 0:12:21.760 of the Internal International Energy Agency like Japan, France, Germany 0:12:21.800 --> 0:12:24.120 do the same, and also what OPEC plus chooses to 0:12:24.160 --> 0:12:27.600 do with their meeting tomorrow. As always, thanks for joining us, 0:12:27.640 --> 0:12:30.319 Julie Norman, Co director of the Center on US Politics 0:12:30.640 --> 0:12:33.319 at University College London. Stay well us, We're gonna get 0:12:33.360 --> 0:12:35.880 much more on the White House oil release plans and 0:12:36.080 --> 0:12:38.520 stocks get ready to close out their worst quarter in 0:12:38.559 --> 0:12:41.800 two years. Because we check your top stories of the 0:12:41.880 --> 0:12:49.400 morning on Bloomberg day Break Bloomberg eleven three oh weather cloudy, breezy, 0:12:49.480 --> 0:12:52.439 some afternoon showers possible. The high your seventy today, you'll 0:12:52.480 --> 0:12:55.280 turn partly sending breezy tomorrow with highs in the upper fifties, 0:12:55.520 --> 0:12:58.079 low fifties, mix of sun and cloud Saturday right now 0:12:58.160 --> 0:13:04.400 forty seven in Central Park, broadcasting live from the Bloomberg 0:13:04.440 --> 0:13:08.160 Interactive Broker Studio in New York. Bloomberg E Living Freedom 0:13:08.280 --> 0:13:12.439 to Washington, d C. Bloomberg to Boston, Bloomberg one O 0:13:12.640 --> 0:13:16.120 six one does San Francisco, Bloomberg nine sixty to the Country, 0:13:16.200 --> 0:13:19.240 Sirius XM tod A one nine team and around the globe, 0:13:19.320 --> 0:13:23.320 the Bloomberg Business and Bloomberg Radio dot Com. This is 0:13:23.320 --> 0:13:31.880 Bloomberg Daybreak and it's five thirty on Wall Street. Good morning. 0:13:31.880 --> 0:13:34.880 I'm Nathan Hagar and I'm Karen Moscow, and we're just 0:13:34.960 --> 0:13:37.640 about four hours away from the open of US trading. 0:13:37.720 --> 0:13:39.120 Let's get you have to date on the news you 0:13:39.160 --> 0:13:42.280 need to know at this hour. Ukraine says cease fire 0:13:42.400 --> 0:13:46.840 talks with Russia could resume tomorrow. This would follow negotiations 0:13:46.880 --> 0:13:50.320 that led to no cease fire but did have Russia 0:13:50.440 --> 0:13:54.319 saying it would de escalate. Pentagon's spokesman John Kirby says 0:13:54.480 --> 0:13:57.840 it's less a de escalation and more like a repositioning. 0:13:58.440 --> 0:14:03.560 Some of those troops we assess a repositioning into Belarus. 0:14:04.160 --> 0:14:06.840 We don't have an exact number for you, but that's 0:14:06.840 --> 0:14:10.200 our early assessments. Uh, none of them, we have seen 0:14:10.240 --> 0:14:13.720 none of them reposition to their home garrison in Pentagon 0:14:13.840 --> 0:14:17.080 spokesman John Kirby says the southern city of Mariopol is 0:14:17.120 --> 0:14:19.840 still taking heavy fire the meantime, Karen, it looks like 0:14:19.880 --> 0:14:23.400 Vladimir Putin may not be getting accurate information on the war. 0:14:23.560 --> 0:14:27.440 Here's White House Communications Director Kate Bettingfield. We believe that 0:14:27.440 --> 0:14:30.960 Putin is being misinformed by his advisors about how badly 0:14:31.240 --> 0:14:34.160 the Russian military is performing and how the Russian economy 0:14:34.200 --> 0:14:36.920 is being crippled by sanctions because the senior advisers are 0:14:36.960 --> 0:14:39.120 too afraid to tell him the truth. Kate Beddingfield that 0:14:39.160 --> 0:14:41.520 the White House did not specify how the US got 0:14:41.520 --> 0:14:45.040 its intelligence on Putin, Well Nathan. Energy prices have climbed 0:14:45.040 --> 0:14:47.640 sharply since the start of the war. Now, the Biden 0:14:47.680 --> 0:14:51.720 administration is weighing a massive release of oil from US reserves, 0:14:51.720 --> 0:14:54.440 and we get the latest live from Bloomberg's Randia Young. 0:14:54.480 --> 0:14:57.560 Good morning, Randina, Good morning Karen. Bloomberg sources say the 0:14:57.600 --> 0:15:00.600 White House is considering releasing about a mill in barrels 0:15:00.640 --> 0:15:03.560 of oil a day from US reserves for several months. 0:15:03.920 --> 0:15:06.440 The total release could be as much as one eighty 0:15:06.520 --> 0:15:09.880 million barrels, and along with the plan comes a diplomatic 0:15:09.920 --> 0:15:12.440 push for the i e A to coordinate a global 0:15:12.480 --> 0:15:15.440 release by other countries. A final decision on that has 0:15:15.480 --> 0:15:18.280 not been reached yet, but Bloomberg sources say the White 0:15:18.280 --> 0:15:21.320 House may make an announcement on the US release as 0:15:21.360 --> 0:15:24.040 soon as today live in New York. I'm gonna need 0:15:24.080 --> 0:15:26.320 a young Bloomberg daybreak. Okay, we need a thanks in 0:15:26.400 --> 0:15:28.320 checking all right now, and I'm ex Screws down five 0:15:28.360 --> 0:15:30.240 and a half percent at a hundred one dollar eighty 0:15:30.320 --> 0:15:32.200 nine cents of barrel. Brent Is at a hundred seven 0:15:32.320 --> 0:15:35.280 sixty eight. That drop is helping lift stock futures, but 0:15:35.360 --> 0:15:38.080 global equities are still on track for their worst quarter 0:15:38.120 --> 0:15:41.080 in two years. Aaron Kennon is CEO at Clear Harbor 0:15:41.120 --> 0:15:43.760 Asset Management. You know, I think we're heading into a 0:15:44.240 --> 0:15:48.000 stormy or weather over the next several weeks and perhaps months, 0:15:48.200 --> 0:15:50.520 and uh, I think investors are to be prepared for that. 0:15:50.640 --> 0:15:53.120 Aaron Kennon a Clear Harbor SAEs higher interest rates as 0:15:53.160 --> 0:15:56.720 a major headwind for stocks and incorporate news. This morning, Nathan, 0:15:56.760 --> 0:15:59.359 we have word of a data breach at Apple and Facebook. 0:15:59.360 --> 0:16:02.640 Bloomberg News has learned that Apple and Meta platforms provided 0:16:02.680 --> 0:16:07.360 customer data to hackers who posed as law enforcement officials. 0:16:07.360 --> 0:16:10.280 Straight ahead, we have your latest local headlines, plus a 0:16:10.400 --> 0:16:19.200 check of sports, and this is Bloomberg Sparing thirty three 0:16:19.200 --> 0:16:21.720 on Wall Street, where forty six degrees in Central Park 0:16:21.760 --> 0:16:23.800 off to a quiet start on the roads. Hope, I 0:16:23.800 --> 0:16:25.840 didn't jink sit you find out from Peter Van in 0:16:25.880 --> 0:16:27.760 a few minutes. First, Michael Bars here with more on 0:16:27.840 --> 0:16:29.960 what's going on in New York and around the world. Michael, 0:16:30.040 --> 0:16:32.640 thank you very much, Nathan. New York City has dismantled 0:16:32.640 --> 0:16:36.080 more than two hundred encampments for homeless people. Mayor Eric 0:16:36.120 --> 0:16:38.800 Adams says the task force over the past two weeks 0:16:39.080 --> 0:16:41.640 is trying to clean up public spaces and connect people 0:16:41.680 --> 0:16:45.240 living on the streets with housing and social services. This 0:16:45.400 --> 0:16:51.200 city is now engaged in a multi agency mission with 0:16:51.280 --> 0:16:56.320 compassion and caring taken out time. Not rushing through this, 0:16:56.720 --> 0:17:02.080 but being compassionate to people who experience send terrible circumstances 0:17:02.280 --> 0:17:06.160 that they're living through. Mayor Adams says anyone removed from 0:17:06.160 --> 0:17:09.479 the encampments was offered avoucher to pick up their items 0:17:09.480 --> 0:17:12.880 at another location. Donald Trump's son in law, Jared Kushner, 0:17:12.960 --> 0:17:15.960 is expected to speak today, but the committee investigating the 0:17:16.040 --> 0:17:19.720 January sixth attack on the Capitol bird flew is spreading 0:17:19.720 --> 0:17:22.560 in the US. According to the Department of Agriculture, the 0:17:22.600 --> 0:17:26.639 deadly strain was discovered in five more states. The states 0:17:26.680 --> 0:17:31.920 involved include Massachusetts, North Dakota, North Carolina, Ohio, and Wyoming. 0:17:32.160 --> 0:17:35.159 Since mid January, it's been found in twenty three states. 0:17:35.560 --> 0:17:39.720 The Motion Picture Academy has initiated disciplinary action against Will 0:17:39.760 --> 0:17:42.800 Smith for slapping Chris Rock on stage at the Oscars. 0:17:43.040 --> 0:17:46.160 Smith could be expelled. Meanwhile, Rock says he is still 0:17:46.160 --> 0:17:50.680 processing what happened last Sunday. The comedian performed before a 0:17:50.800 --> 0:17:54.119 sold out crowd last night in Boston. The Family movie 0:17:54.119 --> 0:17:56.720 star Bruce Willis announced that he will be stepping away 0:17:56.760 --> 0:18:00.480 from his acting career after he was diagnosed with phasia. 0:18:00.840 --> 0:18:04.960 The condition is impacting is speech and cognitive abilities. Dr 0:18:05.040 --> 0:18:08.679 Jagan Poli is a cognitive neurologist at the Cleveland Clinic 0:18:08.800 --> 0:18:12.080 Center for Brain Hilth. Diagnosis of PA is pretty broad 0:18:12.119 --> 0:18:15.280 in the sense that it basically says some a person 0:18:15.400 --> 0:18:18.960 has changes in their language function because it changes going 0:18:18.960 --> 0:18:22.439 on the brain. Dr Polli told ABC ephasia can be 0:18:22.520 --> 0:18:27.040 caused by an injury or degenerative disease. Global News twenty 0:18:27.040 --> 0:18:29.560 four hours a day on air and on Bloomberg quick Take, 0:18:29.840 --> 0:18:32.840 powered by more than twenty seven under journalist and analysts 0:18:32.960 --> 0:18:35.200 in more than a hundred twenty countries. I'm Michael barr 0:18:35.240 --> 0:18:43.119 and this is Bloomberg, Nathan, Michael, thank you five on 0:18:43.160 --> 0:18:46.280 Wall Street. Time for the Bloomberg Sports Update. Here's John Stanshower. Nathan, 0:18:46.320 --> 0:18:48.800 what a difference a year makes year ago? The next minute, 0:18:48.880 --> 0:18:51.480 fourth in the East this season, couldn't crack the top 0:18:51.560 --> 0:18:55.240 ten to get into the play in after home loss 0:18:55.240 --> 0:18:57.320 to Charlotte that ended their season nin four game winning 0:18:57.359 --> 0:19:01.040 speak Nix could be mathematically out as early as tonight. 0:19:01.080 --> 0:19:04.840 There coach Tom Thibodeaux last night channeled Jilgibera, just keep 0:19:04.880 --> 0:19:07.760 concentrating on what we're doing. You know, get better, and 0:19:07.800 --> 0:19:10.679 then you're not eliminated to your eliminated, and then when 0:19:10.720 --> 0:19:14.640 you are, you know what you want to get dump 0:19:14.800 --> 0:19:17.080 Rangers are getting ready for the Stanley Cup. Last they 0:19:17.080 --> 0:19:18.760 won their fourth and road type game in Detroit. It 0:19:18.840 --> 0:19:20.960 was tied at one to three, and then after Chris 0:19:21.040 --> 0:19:24.000 Cryder power play goal with less than four minutes to go, 0:19:24.160 --> 0:19:26.680 Crider's forty six goals season, he gave US tide at four. 0:19:26.760 --> 0:19:30.000 The Rangers won five four on an Andrew cop goal minute. 0:19:30.000 --> 0:19:32.520 It happened over time, the only way the US men's 0:19:32.600 --> 0:19:35.040 national soccer team was not going to qualify for the 0:19:35.040 --> 0:19:37.120 World Cup was if they had lost in coastal Rico 0:19:37.240 --> 0:19:39.679 by six goals. They lost but only to nothing, so 0:19:40.320 --> 0:19:43.320 US heading the Qatar in November. The US failed to 0:19:43.400 --> 0:19:46.000 qualify for the World Cup four years ago. Amazing to 0:19:46.080 --> 0:19:48.480 think that in the historically long career of Tom Brady, 0:19:48.480 --> 0:19:50.639 he's only played for two coaches. He's now getting the 0:19:50.720 --> 0:19:53.800 third surprise move out of Tampa Bay. Sixty nine year 0:19:53.800 --> 0:19:56.520 old Bruce Arian stepping down. He'll stay with the Buffs 0:19:56.520 --> 0:19:58.919 but work in the front office. He'll be replaced by 0:19:59.040 --> 0:20:02.400 defensive or Todd Bowles, the former head coach of the Jets. 0:20:02.520 --> 0:20:05.119 So ten NFL teams will have a new coach next season. 0:20:05.440 --> 0:20:07.960 To the surprise of No. One, Seaton Hall names he 0:20:08.000 --> 0:20:10.919 and Holloway. It's new coach. Former star point guard former 0:20:10.920 --> 0:20:14.200 Seaton Hall assisted down the road at St. Peter Hollowegen 0:20:14.240 --> 0:20:16.440 has took the Peats to the n c A O. 0:20:16.800 --> 0:20:20.000 Kate John Station went Bloomberg Sports Nathan Okay. John thanks 0:20:20.320 --> 0:20:22.480 thirty seven on Wall Street time for the Tri State 0:20:22.480 --> 0:20:26.240 Business Report. Here's Bloomberg's head cory. Blocks of empty offices 0:20:26.280 --> 0:20:29.240 in the financial district helped push the supply of available 0:20:29.320 --> 0:20:33.320 space in Manhattan to another record high. The office availability 0:20:33.400 --> 0:20:36.840 rate in New York hit in the first quarter, the 0:20:36.880 --> 0:20:39.639 highest and data going back to two thousand. According to 0:20:39.680 --> 0:20:43.600 a report this week by Seville's Research, State lawmakers are 0:20:43.600 --> 0:20:45.960 weighing whether the fast track and moved to allow three 0:20:46.000 --> 0:20:48.920 new casinos in the New York City area. It's part 0:20:48.920 --> 0:20:52.960 of this year's budget negotiations. The Times reports seven gambling 0:20:53.000 --> 0:20:56.119 companies are spending about three hundred bucks a month on 0:20:56.160 --> 0:20:58.800 a lobbying blitz to push the state the fast track 0:20:58.920 --> 0:21:03.479 the timetable for New York's final three casino licenses. Bird 0:21:03.760 --> 0:21:06.679 Global says it's received approval to double the size of 0:21:06.680 --> 0:21:09.240 a shared East scooter fleet in New York City. It 0:21:09.320 --> 0:21:12.160 says daily average ridership of East scooters in New York 0:21:12.200 --> 0:21:16.000 has increased by about seventy percent in March compared to February. 0:21:16.280 --> 0:21:19.439 That your Bloomberg Try State Business Report. I'm Ed Corey. 0:21:19.600 --> 0:21:21.800 Thanks that it's five thirty eight on Wall Street. Bloomberg 0:21:21.840 --> 0:21:24.040 Radio is on the air from San Francisco to New York, 0:21:24.080 --> 0:21:26.520 London to Hong Kong. Let's check in with our global 0:21:26.520 --> 0:21:28.320 news team for some of the top stories heard on 0:21:28.359 --> 0:21:34.720 our three hundred affiliate radio stations around the world. I'm 0:21:34.760 --> 0:21:37.920 Steve Podascan on ten ten Wins in New York. We're 0:21:37.960 --> 0:21:40.760 talking about the growing number of companies jumping onto the 0:21:40.920 --> 0:21:45.480