1 00:00:02,560 --> 00:00:05,960 Speaker 1: Live from the Bloomberg Interactive Burger Studios. Is Bloomberg day 2 00:00:06,000 --> 00:00:10,440 Speaker 1: Bread for Thursday, February two. Coming up this hour, Disney 3 00:00:10,520 --> 00:00:14,720 Speaker 1: shares surge as earnings blow past estimates. Credit Sweet slumps 4 00:00:14,760 --> 00:00:18,040 Speaker 1: after posting its biggest quarterly loss in four years. Wall 5 00:00:18,079 --> 00:00:21,720 Speaker 1: Street braces for the latest reading on hot inflation and economists. 6 00:00:21,720 --> 00:00:24,040 Speaker 1: Susan Collins becomes the first black woman to head a 7 00:00:24,120 --> 00:00:27,040 Speaker 1: federal reserve bank. The National Archives wants the b o 8 00:00:27,160 --> 00:00:30,040 Speaker 1: J to investigate Donald Trump's handling of the White House records, 9 00:00:30,080 --> 00:00:33,280 Speaker 1: plus the easing of mass requirements in the Tri State area. 10 00:00:33,400 --> 00:00:35,839 Speaker 1: I might to learn more ahead. I'm John stash Are 11 00:00:35,920 --> 00:00:38,840 Speaker 1: upset wins for Seton Hall and Rutgers, The Islanders one, 12 00:00:38,920 --> 00:00:44,520 Speaker 1: and Nathan Shannon Chloe Kim won Olympic gold medal. That's 13 00:00:44,520 --> 00:00:47,920 Speaker 1: All's tread ahead on Bloomberg day Break on Bloomberg he 14 00:00:47,960 --> 00:00:51,720 Speaker 1: Live in Freeo, New York, Bloomberg one, Washington, d C, 15 00:00:52,200 --> 00:00:55,800 Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties and 16 00:00:55,880 --> 00:01:00,080 Speaker 1: Francisco Sirius XM one nineteen and around the world on 17 00:01:00,160 --> 00:01:03,480 Speaker 1: Bloomberg Radio dot com and via the Bloomberg business Side. 18 00:01:07,480 --> 00:01:10,119 Speaker 1: Thank good morning, I'm Nathan Hager, and I'm fair at 19 00:01:10,120 --> 00:01:13,479 Speaker 1: Moscow and US DOT Index futures are mixed this morning. 20 00:01:13,520 --> 00:01:15,200 Speaker 1: We're coming up to six one on Wall Street, and 21 00:01:15,240 --> 00:01:17,800 Speaker 1: we check the markets every fifteen minutes throughout the trading day. 22 00:01:18,200 --> 00:01:20,520 Speaker 1: On Bloomberg right now, S and P futures are down 23 00:01:20,560 --> 00:01:24,040 Speaker 1: four points down, futures higher up sixty four and Nasdaq 24 00:01:24,120 --> 00:01:27,880 Speaker 1: futures are down. Thirties seven ten year Treasury little change, 25 00:01:27,920 --> 00:01:30,280 Speaker 1: the yield one point nine three percent. They yield on 26 00:01:30,319 --> 00:01:33,080 Speaker 1: the two year one point three four percent. Nine x 27 00:01:33,080 --> 00:01:35,120 Speaker 1: S Crude oil is up nine tenths per cent, or 28 00:01:35,120 --> 00:01:37,560 Speaker 1: seventy six cents at ninety dollars forty two cents of 29 00:01:37,600 --> 00:01:39,960 Speaker 1: barrel comics called down a tenth of upper cent or 30 00:01:40,000 --> 00:01:42,680 Speaker 1: two dollars thirty cents at eighteen thirty four twenty on 31 00:01:42,840 --> 00:01:46,720 Speaker 1: ounce and Bitcoin this morning moving higher at forty four thousand, 32 00:01:46,800 --> 00:01:49,520 Speaker 1: six d fifty dollars. Nathan, all right, Karen, we begin 33 00:01:49,640 --> 00:01:53,080 Speaker 1: this morning with earnings and a huge surge in Disney shares. 34 00:01:53,080 --> 00:01:55,000 Speaker 1: They're up more than seven and a half percent in 35 00:01:55,040 --> 00:01:59,560 Speaker 1: early trading the world's largest entertainment company reported first quarter sales, earnings, 36 00:01:59,600 --> 00:02:03,040 Speaker 1: and streaming subscriber growth that all beat estimates. We spoke 37 00:02:03,080 --> 00:02:06,280 Speaker 1: with Disney CEO Bob Chpeck after the results were full 38 00:02:06,280 --> 00:02:08,200 Speaker 1: of optimism. We think that we've got a lot of 39 00:02:08,320 --> 00:02:11,000 Speaker 1: energy and momentum. We've got a vision for the future, 40 00:02:11,440 --> 00:02:14,200 Speaker 1: a vision where we're going to appeal directly to our 41 00:02:14,240 --> 00:02:19,280 Speaker 1: audience using technology and great storytelling, and uh, we really 42 00:02:19,280 --> 00:02:21,320 Speaker 1: think that it's going to be a more exciting next 43 00:02:21,360 --> 00:02:24,800 Speaker 1: one years than even our stellar first one hundred Heres. 44 00:02:25,040 --> 00:02:29,079 Speaker 1: Disney CEO Bob Chapex spoke with Bloomberg's Emily Chang. He 45 00:02:29,160 --> 00:02:32,120 Speaker 1: have some other stocks on the move this morning here, Nathan. 46 00:02:32,200 --> 00:02:34,400 Speaker 1: That's following earnings after the bell. Let me get the 47 00:02:34,400 --> 00:02:38,040 Speaker 1: details live with Bloomberg's John Tucker. John Karen Uber shares 48 00:02:38,080 --> 00:02:40,239 Speaker 1: of five percent in pre market trading and to a 49 00:02:40,280 --> 00:02:43,720 Speaker 1: fourth quarter revenue beat estimates. The rhind handling Giants saw 50 00:02:43,960 --> 00:02:46,840 Speaker 1: little disruption from the Omicron variant, and that led to 51 00:02:46,880 --> 00:02:50,240 Speaker 1: the most active users in its history. Mattel shares up 52 00:02:50,280 --> 00:02:53,640 Speaker 1: eleven percent this morning. The toymaker reporting sales and profit 53 00:02:53,720 --> 00:02:58,880 Speaker 1: that Blue Pass forecast. Mattel's outlook also came in above predictions. 54 00:02:59,200 --> 00:03:02,040 Speaker 1: Shares of twill you know they're staring up nine of 55 00:03:02,080 --> 00:03:05,520 Speaker 1: the pre market. The infrastructure software company's fourth quarter results 56 00:03:05,520 --> 00:03:09,520 Speaker 1: in first quarter forecast beat expectations of three hundred. Twenty 57 00:03:09,520 --> 00:03:12,240 Speaker 1: six companies in the SMP five hundred that have reported 58 00:03:12,240 --> 00:03:16,720 Speaker 1: their earnings so far have had positive surprises. Lid to 59 00:03:16,760 --> 00:03:19,720 Speaker 1: New York. I'm John Tucker, Bloomberg day Break, All right, John, 60 00:03:19,720 --> 00:03:22,120 Speaker 1: thanks to the earnings continue to roll in, with thirty 61 00:03:22,160 --> 00:03:25,120 Speaker 1: companies reporting today. Twitter is one of the biggest names 62 00:03:25,120 --> 00:03:27,960 Speaker 1: on the list. Let's get a preview from Bloomberg's Tom Busby. 63 00:03:28,360 --> 00:03:31,639 Speaker 1: The microblogging site reports fourth quarter earnings later this morning, 64 00:03:31,639 --> 00:03:35,200 Speaker 1: the first earnings report under new CEO Parague ogre Wall, 65 00:03:35,240 --> 00:03:37,880 Speaker 1: who took over for founder Jack Dorsey in late November. 66 00:03:38,000 --> 00:03:41,240 Speaker 1: Twitter makes most of its revenue from advertising, so key 67 00:03:41,360 --> 00:03:44,000 Speaker 1: for investors is how the company will navigate those new 68 00:03:44,040 --> 00:03:48,680 Speaker 1: privacy changes from Apple, which require explicit permission from users 69 00:03:48,720 --> 00:03:52,080 Speaker 1: to target ads on its devices. Bloomberg podcasting revenue of 70 00:03:52,160 --> 00:03:54,880 Speaker 1: one point five eight billion dollars and adjusted earnings of 71 00:03:54,960 --> 00:03:58,920 Speaker 1: thirty two cents to share Tom Busby Bloomberg Daybreak, All right, 72 00:03:58,960 --> 00:04:02,280 Speaker 1: Tom overseas this morning shares a credit Sweezer down more 73 00:04:02,320 --> 00:04:04,760 Speaker 1: than four and a half percent. The Swiss Bank posted 74 00:04:04,760 --> 00:04:07,640 Speaker 1: its biggest quarterly loss in about four years, and CEO 75 00:04:07,720 --> 00:04:11,400 Speaker 1: Thomas Gonstein is warning that higher costs for pay and 76 00:04:11,440 --> 00:04:15,080 Speaker 1: its restructuring will way on results all year. We also 77 00:04:15,520 --> 00:04:19,800 Speaker 1: um included a new form of compensation in terms of 78 00:04:19,800 --> 00:04:25,120 Speaker 1: our STP strategic delivery plan and this was very well 79 00:04:25,160 --> 00:04:29,800 Speaker 1: received by by our employees and credit. Sweez is very 80 00:04:29,839 --> 00:04:33,599 Speaker 1: committed to play market to pay market rates in terms 81 00:04:33,680 --> 00:04:37,560 Speaker 1: of compensation credit see. CEO Thomas Gonstein says the company 82 00:04:37,640 --> 00:04:40,960 Speaker 1: is focused on implementing a new strategy after scandals involving 83 00:04:41,040 --> 00:04:44,600 Speaker 1: Archigo's capital management and green Sill Capital. Shares of Uni 84 00:04:44,680 --> 00:04:46,880 Speaker 1: Lever are also in focus this morning, Karen, they are 85 00:04:46,920 --> 00:04:49,520 Speaker 1: down right now more than four and a half percent. 86 00:04:49,600 --> 00:04:53,080 Speaker 1: The company's warning inflation will dent profitability for two years. 87 00:04:53,520 --> 00:04:57,120 Speaker 1: Unilever says commodity costs a rising by more than across 88 00:04:57,160 --> 00:05:00,000 Speaker 1: the consumer goods industry. Well, speaking up prices, Nathan, We're 89 00:05:00,040 --> 00:05:02,559 Speaker 1: set for the next rating on inflation here in the US. 90 00:05:02,640 --> 00:05:05,599 Speaker 1: Than government releases the consumer price index for January at 91 00:05:05,640 --> 00:05:09,000 Speaker 1: eight thirty am. Wall Street Time Economists forecaster reading of 92 00:05:09,120 --> 00:05:11,840 Speaker 1: seven point two percent a year over year begin more 93 00:05:11,880 --> 00:05:16,320 Speaker 1: from Bloomberg Economics correspondent Michael McKee. January's Consumer Price Index 94 00:05:16,360 --> 00:05:18,480 Speaker 1: won't lead the FED to any kind of decision, but 95 00:05:18,640 --> 00:05:20,960 Speaker 1: it will offer guidance about what they'll need to do 96 00:05:21,080 --> 00:05:23,680 Speaker 1: down the road. Much of the jump in inflation has 97 00:05:23,720 --> 00:05:26,800 Speaker 1: come from goods rather than services, as Americans, flush with 98 00:05:26,920 --> 00:05:30,839 Speaker 1: stimulus cash stayed home and bought things instead of experiences. 99 00:05:31,400 --> 00:05:34,239 Speaker 1: The O Macron outbreak last month probably kept that trend 100 00:05:34,320 --> 00:05:37,320 Speaker 1: in place, but we did see inventories rising at the 101 00:05:37,400 --> 00:05:39,880 Speaker 1: end of last year, which could mean some easing in 102 00:05:39,960 --> 00:05:44,320 Speaker 1: transportation and bottleneck costs. Economists will also check the reopening 103 00:05:44,400 --> 00:05:48,400 Speaker 1: trade cars, insurance, lodging, airfares, and food to see if 104 00:05:48,440 --> 00:05:52,599 Speaker 1: prices are still rising. And finally, housing home prices up 105 00:05:52,680 --> 00:05:55,480 Speaker 1: seventeen and a half percent through November one, will be 106 00:05:55,600 --> 00:05:58,679 Speaker 1: feeding into the CPI for some time, even if higher 107 00:05:58,760 --> 00:06:02,320 Speaker 1: interest rates start to low home sales. Like McKey, Bloomberg 108 00:06:02,360 --> 00:06:04,520 Speaker 1: Gay break All right, Mike, thanks for also watching the FED. 109 00:06:04,600 --> 00:06:07,440 Speaker 1: For another reason this morning, history is being made at 110 00:06:07,480 --> 00:06:10,320 Speaker 1: the Federal Reserve Bank of Boston. We get that story 111 00:06:10,400 --> 00:06:13,559 Speaker 1: live from Bloomberg's Rnita Young. Good morning, Grenita, Good morning Nathan. 112 00:06:13,640 --> 00:06:17,320 Speaker 1: The Boston FED has named University of Michigan economist Susan 113 00:06:17,440 --> 00:06:20,960 Speaker 1: Collins as its next president. She becomes the first black 114 00:06:21,040 --> 00:06:23,359 Speaker 1: woman to lead one of the Central banks twelve districts, 115 00:06:23,640 --> 00:06:27,760 Speaker 1: and she'll replace Eric rosen Grin, who stepped down last year. Collins, 116 00:06:27,800 --> 00:06:29,920 Speaker 1: who earned a doctorate in economics at m I T, 117 00:06:30,120 --> 00:06:34,120 Speaker 1: drew support for many, including former FED Vice chair Alan Blinder. 118 00:06:34,680 --> 00:06:39,839 Speaker 1: I certainly think she's in the mainstream among economists, among 119 00:06:40,760 --> 00:06:44,560 Speaker 1: liberal left, left of center economists, but certainly not far left. 120 00:06:44,640 --> 00:06:47,400 Speaker 1: I mean, she's really in the mainstream, and I think 121 00:06:47,480 --> 00:06:52,119 Speaker 1: that's basically where the Federal Reserve is these days. Former 122 00:06:52,200 --> 00:06:55,960 Speaker 1: FED Vice chair and current Princeton University professor Allen Blinder 123 00:06:56,040 --> 00:07:00,000 Speaker 1: says Collins has every asset for the job and no liability. 124 00:07:00,040 --> 00:07:03,400 Speaker 1: Ladies live in New York. I'm rened to young Bloomberg debris. 125 00:07:03,720 --> 00:07:05,480 Speaker 1: We need to thank. We also got earnings crossing the 126 00:07:05,520 --> 00:07:10,200 Speaker 1: Bloomberg terminal from PepsiCo. It's forecasting organic revenue for two 127 00:07:10,240 --> 00:07:12,960 Speaker 1: that beat the average anitalist testament and shares a PepsiCo 128 00:07:13,080 --> 00:07:15,400 Speaker 1: right now up one and a half percent. Straight ahead 129 00:07:15,400 --> 00:07:17,680 Speaker 1: your latest local headlines in the check of sports. This 130 00:07:18,480 --> 00:07:24,760 Speaker 1: is Bloomberg it sounds six o seven on Wall Street, 131 00:07:24,760 --> 00:07:26,880 Speaker 1: word forty degrees in Central Park. Still dealing with a 132 00:07:26,920 --> 00:07:29,920 Speaker 1: closure on the eastern spur of the southbounded Jersey Turnpike. 133 00:07:29,960 --> 00:07:32,840 Speaker 1: Details coming up in traffic. First Michael Barr with more 134 00:07:32,880 --> 00:07:34,840 Speaker 1: on what's going on in New York and around the world. Michael, 135 00:07:34,920 --> 00:07:37,640 Speaker 1: thank you very much, Nathan. The National Archives is asking 136 00:07:37,720 --> 00:07:41,640 Speaker 1: the Justice Department to investigate whether former President Donald Trump 137 00:07:41,720 --> 00:07:44,880 Speaker 1: a violated federal law and the handling of documents. Then 138 00:07:45,040 --> 00:07:48,080 Speaker 1: President Trump tore up some of them. The Archives also 139 00:07:48,200 --> 00:07:52,320 Speaker 1: transported fifteen boxes of documents from Maura Lago after Trump 140 00:07:52,400 --> 00:07:57,120 Speaker 1: representatives located them and notify the Archives. Former federal prosecutor 141 00:07:57,200 --> 00:08:00,440 Speaker 1: Lorie Levinson the referral by the National Arc it does 142 00:08:00,560 --> 00:08:03,480 Speaker 1: not mean that there's necessarily going to be a criminal 143 00:08:03,600 --> 00:08:07,960 Speaker 1: investigation of Trump or his advisors. It's simply a suggestion 144 00:08:08,400 --> 00:08:11,840 Speaker 1: that someone needs to look into what happened here, Loyola 145 00:08:11,920 --> 00:08:14,880 Speaker 1: Law professor Lourie Levinson. The New York Times reports the 146 00:08:14,960 --> 00:08:17,960 Speaker 1: Inspector General reached out to the Justice Department after they 147 00:08:18,080 --> 00:08:22,280 Speaker 1: discovered what's believed to be classified documents that Trump took 148 00:08:22,320 --> 00:08:25,560 Speaker 1: from the White House. New York Governor Kathy Hocal says 149 00:08:25,640 --> 00:08:29,280 Speaker 1: the state will land a COVID nineteen mask mandate requiring 150 00:08:29,360 --> 00:08:32,439 Speaker 1: face coverings and most indoor public settings, but we'll keep 151 00:08:32,559 --> 00:08:35,720 Speaker 1: masking rules in place in schools for now. The state 152 00:08:35,760 --> 00:08:39,439 Speaker 1: would drop its mask mandate for most businesses. Local says 153 00:08:39,559 --> 00:08:44,160 Speaker 1: the number of supporters leave the question of masks to 154 00:08:44,280 --> 00:08:48,320 Speaker 1: individual Locals. He saw those numbers literally off the charts, 155 00:08:48,600 --> 00:08:51,199 Speaker 1: and now those numbers are coming down and it is 156 00:08:51,320 --> 00:08:54,599 Speaker 1: time to adapt. Local has been saying she wants to 157 00:08:54,679 --> 00:08:58,280 Speaker 1: see vaccination rates for children increase before she gets rid 158 00:08:58,320 --> 00:09:01,840 Speaker 1: of a state requirement for masks schools. Connecticut Governor Need 159 00:09:01,920 --> 00:09:05,240 Speaker 1: Lamont proposed a twenty four point two billion dollar budget 160 00:09:05,520 --> 00:09:08,720 Speaker 1: for the fiscal years starting July one. It boosts spending 161 00:09:08,800 --> 00:09:12,920 Speaker 1: for state colleges and universities, whose enrollment has dropped during 162 00:09:12,960 --> 00:09:16,280 Speaker 1: the pandemic. Lamont, in his State of the State address, 163 00:09:16,360 --> 00:09:20,160 Speaker 1: also announced tax cuts on automobiles. Three years ago, we're 164 00:09:20,200 --> 00:09:22,080 Speaker 1: standing at the edge of a fiscal cliff, basic at 165 00:09:22,120 --> 00:09:24,719 Speaker 1: three point seven billion dollar budget deficit, and today we're 166 00:09:24,760 --> 00:09:29,400 Speaker 1: deciding what taxes to cut and what school programs to grow. 167 00:09:30,120 --> 00:09:34,800 Speaker 1: Thanks to our third consecutive budget year budget supluses Governor 168 00:09:34,880 --> 00:09:36,920 Speaker 1: Lamont also says the state has earned the right to 169 00:09:37,080 --> 00:09:40,360 Speaker 1: no longer have a statewide mast mandate in schools. It's 170 00:09:40,400 --> 00:09:42,719 Speaker 1: good news for the New York City subway system. It 171 00:09:42,800 --> 00:09:45,880 Speaker 1: carried more than three million customers on Tuesday, the busiest 172 00:09:46,160 --> 00:09:49,520 Speaker 1: since the Omicron variant hit The City. Global News twenty 173 00:09:49,520 --> 00:09:52,520 Speaker 1: four hours a day on air and on Bloomberg Quick Take, 174 00:09:52,559 --> 00:09:55,679 Speaker 1: powered by more than twenty seven hundred journalists and analysts 175 00:09:55,880 --> 00:09:58,439 Speaker 1: in more than a hundred twenty countries. Michael Barr, this 176 00:09:58,720 --> 00:10:06,120 Speaker 1: is Bloomberg. Nathan Hey, Michael, thanks, come up to six 177 00:10:06,200 --> 00:10:08,680 Speaker 1: ten on Wall Street. John Stashour has the Bloomberg Sports 178 00:10:08,760 --> 00:10:11,240 Speaker 1: updated all right. Anathan Us finally went in some hardware 179 00:10:11,280 --> 00:10:13,920 Speaker 1: at the Olympics. Took five days before their first gold medal, 180 00:10:14,000 --> 00:10:16,920 Speaker 1: but now two more, including a second in women's snowboard. 181 00:10:16,920 --> 00:10:21,200 Speaker 1: And Chloe Kim became a breakout star when at age seventeen, 182 00:10:21,400 --> 00:10:23,480 Speaker 1: she won the Halfway four years ago. She's admitted to 183 00:10:23,520 --> 00:10:26,920 Speaker 1: suffering from some depression as she dealt with newfound fame. 184 00:10:26,960 --> 00:10:28,600 Speaker 1: In fact, him said at one point she threw her 185 00:10:28,640 --> 00:10:32,040 Speaker 1: gold medal in the trash before then retrieving it. She 186 00:10:32,240 --> 00:10:34,520 Speaker 1: was all smiles in Beijing as she cruised the victory, 187 00:10:34,640 --> 00:10:37,600 Speaker 1: just as Nathan Shin did in men's figures skating at 188 00:10:37,640 --> 00:10:39,719 Speaker 1: the Super Bowl. In l A Commissioner Roger Goodell, with 189 00:10:39,800 --> 00:10:42,480 Speaker 1: his annual State of the Game press conference, he promised 190 00:10:42,520 --> 00:10:45,439 Speaker 1: the league would do better in minority hiring. He was 191 00:10:45,480 --> 00:10:48,520 Speaker 1: asked what that would entail. Everything from looking at the 192 00:10:48,559 --> 00:10:51,360 Speaker 1: Berney rule and seeing what changes should be made to that, 193 00:10:51,480 --> 00:10:54,640 Speaker 1: if any changes, or should it be removed, which some 194 00:10:54,760 --> 00:10:57,559 Speaker 1: people have suggested. All of those things are part of that. 195 00:10:58,000 --> 00:11:00,240 Speaker 1: We're gonna talk to other people have ended and if 196 00:11:00,280 --> 00:11:02,800 Speaker 1: people come in and look and help us evaluate it, 197 00:11:02,800 --> 00:11:05,199 Speaker 1: because it's sometimes hard to valuate your own policies. And 198 00:11:05,240 --> 00:11:07,679 Speaker 1: for teachers did they all admitted that one time stand 199 00:11:07,800 --> 00:11:10,439 Speaker 1: up comic Byron Allen, now a media mogul, is in 200 00:11:10,600 --> 00:11:13,600 Speaker 1: talks to buy the Denver Broncos and become the NFL's 201 00:11:13,600 --> 00:11:17,040 Speaker 1: first African American owner. NBA trade deadline three o'clock today 202 00:11:17,040 --> 00:11:19,319 Speaker 1: is still a lot of James Harden for Ben Simmons, 203 00:11:19,559 --> 00:11:21,839 Speaker 1: rumors that would be a blockbuster if the Nets and 204 00:11:21,920 --> 00:11:24,839 Speaker 1: Sixers pulled the trigger. The Nets have lost their last nine. 205 00:11:24,880 --> 00:11:26,959 Speaker 1: They play at Washington tonight and NIXT or at Golden State. 206 00:11:27,000 --> 00:11:29,240 Speaker 1: Warriors lost last night at You Saw by twenty six. 207 00:11:29,559 --> 00:11:32,000 Speaker 1: Islanders a five gold first period of sixth three win 208 00:11:32,040 --> 00:11:35,120 Speaker 1: at Vancouver two top twenty five teams lost in New 209 00:11:35,240 --> 00:11:38,360 Speaker 1: Jersey as Ructors knocked off Ohio State by two just 210 00:11:38,520 --> 00:11:41,400 Speaker 1: to Seaton Hall beat Xavier by to John stash Award 211 00:11:42,040 --> 00:11:44,880 Speaker 1: Sports n all right, John, thanks s SMP futures down 212 00:11:44,960 --> 00:11:47,800 Speaker 1: down four point staff futures moving higher. They're up sixty 213 00:11:47,840 --> 00:11:50,680 Speaker 1: one now. NASTAC future is still lower, down forty four 214 00:11:50,760 --> 00:11:53,319 Speaker 1: points ten. Your treasury down one thirty second, the yield 215 00:11:53,720 --> 00:11:57,280 Speaker 1: one point nine three more states lift mass ban dates. 216 00:11:57,800 --> 00:12:00,199 Speaker 1: Is now the time to move on from of it? 217 00:12:01,040 --> 00:12:04,160 Speaker 1: Checking next with anti Peco shout JOHNS. Hopkins. This is 218 00:12:04,200 --> 00:12:10,560 Speaker 1: Bloomberg Bloomberg day Break, brought to you by Autie. Don't 219 00:12:10,600 --> 00:12:13,560 Speaker 1: let someone else drive off in the outie model you've 220 00:12:13,559 --> 00:12:16,240 Speaker 1: always wanted. Visit a try state autie dealer to get 221 00:12:16,280 --> 00:12:23,839 Speaker 1: behind the wheel of yours. Today, Markets headlines and breaking 222 00:12:23,920 --> 00:12:26,760 Speaker 1: news twenty four hours a day at Bloomberg dot Com. 223 00:12:26,920 --> 00:12:31,119 Speaker 1: The Bloomberg Business atand at Bloomberg Tricktape is a Bloomberg 224 00:12:31,240 --> 00:12:40,439 Speaker 1: Business Flash and I'm Karen Moscow US stock index futures 225 00:12:40,640 --> 00:12:45,280 Speaker 1: are slipping in European stocks little changed as investors shift 226 00:12:45,320 --> 00:12:48,480 Speaker 1: into defensive mode ahead of a key inflation data that 227 00:12:48,640 --> 00:12:51,560 Speaker 1: may shape the views on how aggressively the federal tighten 228 00:12:51,640 --> 00:12:54,319 Speaker 1: monetary policy. We checked the markets every fifteen minutes throughout 229 00:12:54,360 --> 00:12:57,199 Speaker 1: the trading day on Bloomberg Guess and futures down four 230 00:12:57,280 --> 00:12:59,960 Speaker 1: points this morning now. SKay futures also lower, down thirty 231 00:13:00,080 --> 00:13:02,719 Speaker 1: nine down, Future is higher up sixties six, and the 232 00:13:02,840 --> 00:13:06,200 Speaker 1: decks in Germany is up four tenths of uppercent. European 233 00:13:06,280 --> 00:13:08,240 Speaker 1: stocks actually doing a little better now. The ten year 234 00:13:08,280 --> 00:13:10,440 Speaker 1: treasury down to thirty seconds. He had one point nine 235 00:13:10,480 --> 00:13:12,360 Speaker 1: four percent, the yield on the two year one point 236 00:13:12,400 --> 00:13:15,160 Speaker 1: three four percent. Nine X Screude oil is up wint 237 00:13:15,160 --> 00:13:17,120 Speaker 1: at a quarter percent of a dollar ten at ninety 238 00:13:17,120 --> 00:13:19,760 Speaker 1: dollars seventy six cents of barrel. Comic School has done 239 00:13:19,760 --> 00:13:21,680 Speaker 1: a tenth of upper cent or two dollars fifty cents 240 00:13:21,720 --> 00:13:24,720 Speaker 1: at eighteen thirty four ten announced to euro on point 241 00:13:24,760 --> 00:13:26,920 Speaker 1: one four three eight against the dollar. British found one 242 00:13:26,960 --> 00:13:29,320 Speaker 1: point three five seven two the ends at one fifteen 243 00:13:29,360 --> 00:13:32,679 Speaker 1: point eight zero, and Bitcoin this morning at forty four 244 00:13:32,760 --> 00:13:36,320 Speaker 1: thousand is seven hundred dollars. It's up about half percent. 245 00:13:36,400 --> 00:13:38,720 Speaker 1: We're also watching shares of PepsiCo this morning, up one 246 00:13:38,760 --> 00:13:41,000 Speaker 1: and a half percent in early trading. It gave a 247 00:13:41,080 --> 00:13:43,280 Speaker 1: full year of sales outlook ahead of estimates. Is the 248 00:13:43,320 --> 00:13:47,200 Speaker 1: company raises prices on a salty snatch and bottled beverages. 249 00:13:47,280 --> 00:13:49,600 Speaker 1: And that's a Bloomberg business flash. Now here's Michael Barr 250 00:13:49,720 --> 00:13:51,880 Speaker 1: with more on what's going on around the world. Michael, 251 00:13:51,920 --> 00:13:54,520 Speaker 1: thank you very much. Darn. Russia and Belarus began their 252 00:13:54,600 --> 00:13:58,319 Speaker 1: largest joint military drills of years today. Russia has repeatedly 253 00:13:58,400 --> 00:14:01,520 Speaker 1: denied it plans to invade you brain after the US 254 00:14:01,559 --> 00:14:04,000 Speaker 1: and its NATO allies warned of a build up of 255 00:14:04,000 --> 00:14:06,559 Speaker 1: about a hundred thirty thousand Russian troops near the border. 256 00:14:06,880 --> 00:14:11,199 Speaker 1: Figure skater Nathan Chen and snowboarder Chloe Kim, both of 257 00:14:11,240 --> 00:14:14,480 Speaker 1: the US one gold. The US has three gold mentals 258 00:14:14,520 --> 00:14:17,319 Speaker 1: so far. Global News twenty four hours a day on 259 00:14:17,559 --> 00:14:21,560 Speaker 1: air and on Bloomberg Quicktake, powered by more than hundred 260 00:14:21,600 --> 00:14:24,200 Speaker 1: journalists and analysts more than a hundred twenty countries. I'm 261 00:14:24,240 --> 00:14:26,920 Speaker 1: Michael Barr, and this is Bloomberg. Nathan always root for 262 00:14:26,960 --> 00:14:29,960 Speaker 1: the Nathans. Thank you, Michael. Six nineteen on Wall Street 263 00:14:30,040 --> 00:14:33,360 Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. 264 00:14:33,440 --> 00:14:35,200 Speaker 1: We want to get to the latest on the pandemic 265 00:14:35,280 --> 00:14:38,120 Speaker 1: now as we watch more states ease masking rules. With 266 00:14:38,200 --> 00:14:41,440 Speaker 1: the omicron wave passing now, the Centers for Disease Control 267 00:14:41,520 --> 00:14:44,800 Speaker 1: says it's working on updating its guidance. Andy Pecos is 268 00:14:44,840 --> 00:14:48,680 Speaker 1: with us now, Professor of Molecular Microbiology and Immunology at 269 00:14:48,720 --> 00:14:51,520 Speaker 1: the Johns Hopkins Bloomberg School of Public Health. Great to 270 00:14:51,600 --> 00:14:53,840 Speaker 1: have you with us as always, doctor, And of course 271 00:14:53,960 --> 00:14:56,560 Speaker 1: New York State and Massachusetts have gotten a lot of 272 00:14:56,600 --> 00:14:59,000 Speaker 1: attention this week for the moves they're making to ease 273 00:14:59,120 --> 00:15:02,360 Speaker 1: mask mandate. We've heard from Dr Faucci saying we're moving 274 00:15:02,520 --> 00:15:06,520 Speaker 1: past the full blown pandemic phase of COVID nineteen. Is 275 00:15:06,760 --> 00:15:11,760 Speaker 1: now the time to move on? Well, one really has 276 00:15:11,840 --> 00:15:15,480 Speaker 1: to look locally at what's happening with transmission rates in 277 00:15:15,560 --> 00:15:18,960 Speaker 1: different states. Um, we're in a period right now where 278 00:15:19,480 --> 00:15:23,640 Speaker 1: looking at numbers across the nation hides a lot of variability. 279 00:15:23,760 --> 00:15:26,640 Speaker 1: That's the President, state the states in terms of where 280 00:15:26,720 --> 00:15:29,280 Speaker 1: we are in this a macron peat there's some states 281 00:15:29,320 --> 00:15:32,000 Speaker 1: at really high level still other states that have really 282 00:15:32,080 --> 00:15:35,640 Speaker 1: dropped down quickly. So it really starts with what your 283 00:15:35,760 --> 00:15:38,720 Speaker 1: local conditions are. And we have to keep in mind 284 00:15:38,760 --> 00:15:40,040 Speaker 1: that we don't want to let our foot off the 285 00:15:40,080 --> 00:15:42,680 Speaker 1: gas too early because we done risk a bit of 286 00:15:42,720 --> 00:15:46,200 Speaker 1: a bounce back in cases. So as case numbers are dropping, 287 00:15:46,560 --> 00:15:49,920 Speaker 1: as testing capacity reaches a comfortable level where we can 288 00:15:49,960 --> 00:15:54,240 Speaker 1: really monitor cases and have results back quickly, we should 289 00:15:54,280 --> 00:15:58,480 Speaker 1: be able to reduce some of these public health restrictions. Well, 290 00:15:58,520 --> 00:16:00,720 Speaker 1: if it's going to come down to the local level, doctor, 291 00:16:01,000 --> 00:16:04,280 Speaker 1: where does the CDC fit in and their guidance? How 292 00:16:04,360 --> 00:16:08,320 Speaker 1: can they shift their guidance to bring the focus to 293 00:16:08,400 --> 00:16:13,080 Speaker 1: the local level. It absolutely is possible. You know. What 294 00:16:13,240 --> 00:16:17,400 Speaker 1: CDC can be doing is providing the parameters that have 295 00:16:17,600 --> 00:16:21,160 Speaker 1: to be met in order for restrictions on public health 296 00:16:21,240 --> 00:16:24,200 Speaker 1: to be considered to be lifted. And that has to 297 00:16:24,240 --> 00:16:27,680 Speaker 1: be clearly elicitated, and that has to be sort of 298 00:16:27,880 --> 00:16:31,720 Speaker 1: detail oriented as well too. Just because case numbers start 299 00:16:31,840 --> 00:16:35,000 Speaker 1: to drop, that alone shouldn't be a trigger to relieve 300 00:16:35,480 --> 00:16:38,320 Speaker 1: public health interventions because that really is a recipe for 301 00:16:38,320 --> 00:16:40,720 Speaker 1: a disaster in terms of a bounce back. So I 302 00:16:40,800 --> 00:16:43,200 Speaker 1: have to wait till levels get low. CDC should be 303 00:16:43,280 --> 00:16:45,960 Speaker 1: from providing that guidance as to what are the parameters 304 00:16:46,480 --> 00:16:49,720 Speaker 1: that define quote unquote low? Now, how would you define 305 00:16:49,760 --> 00:16:52,680 Speaker 1: those parameters? Are there some simple parameters that you can 306 00:16:52,760 --> 00:16:56,000 Speaker 1: lay out that that makes sense to you? Well, first 307 00:16:56,040 --> 00:16:59,920 Speaker 1: and foremost, always make uh, make uh make sure that 308 00:17:00,120 --> 00:17:04,159 Speaker 1: possible capacity UM is not reaching maximum, because again we 309 00:17:04,240 --> 00:17:06,040 Speaker 1: want to make sure that our health care system is 310 00:17:06,119 --> 00:17:10,680 Speaker 1: not overloaded. UM. If we get test positivity rates down 311 00:17:10,760 --> 00:17:13,840 Speaker 1: to about two and a half percent, if case numbers 312 00:17:14,160 --> 00:17:17,760 Speaker 1: are down to reasonable numbers, let's say numbers that we 313 00:17:17,880 --> 00:17:22,960 Speaker 1: saw sort of in early summer last year, UM, then 314 00:17:23,119 --> 00:17:27,000 Speaker 1: those are all uh parameters that could tell you that, okay, 315 00:17:27,080 --> 00:17:31,240 Speaker 1: it's fond to restrict or deliver restrictions and get back 316 00:17:31,320 --> 00:17:34,800 Speaker 1: to some normal with the cobbyat of course, that we 317 00:17:34,880 --> 00:17:38,639 Speaker 1: still keep monitoring for cases and for variance and for 318 00:17:38,720 --> 00:17:41,520 Speaker 1: the emergence or variance in case those are early signs 319 00:17:41,560 --> 00:17:44,120 Speaker 1: that we should be worried about a new wave. Yeah, 320 00:17:44,160 --> 00:17:46,679 Speaker 1: I wonder whether we can kind of keep two parameters 321 00:17:46,880 --> 00:17:50,840 Speaker 1: like that. When we see vaccination levels at where they 322 00:17:50,880 --> 00:17:53,040 Speaker 1: are at this point, it kind of seems as though 323 00:17:53,600 --> 00:17:58,679 Speaker 1: full vaccination has plateaued in this country, can we maintain uh, 324 00:17:58,840 --> 00:18:02,040 Speaker 1: sort of lower levels of spread given where we are 325 00:18:02,200 --> 00:18:06,879 Speaker 1: in vaccinations. It's going to be a challenge, particularly because 326 00:18:07,240 --> 00:18:11,000 Speaker 1: you know, we've got to understand more more clearly what 327 00:18:11,240 --> 00:18:13,879 Speaker 1: kind of an immune response in a macron infection is 328 00:18:13,920 --> 00:18:16,320 Speaker 1: inducing in people. You know, in this country we have 329 00:18:16,359 --> 00:18:19,000 Speaker 1: a lot of people who are not vaccinated but infected 330 00:18:19,040 --> 00:18:21,720 Speaker 1: with a macron. We really need to study those immune 331 00:18:21,760 --> 00:18:25,080 Speaker 1: responses and see if those people will be protected from 332 00:18:25,160 --> 00:18:29,040 Speaker 1: other variants or if they're more susceptible to new variants 333 00:18:29,080 --> 00:18:31,480 Speaker 1: coming through. That's gonna be a critical thing to that 334 00:18:31,560 --> 00:18:34,080 Speaker 1: scientists are looking at over the next couple of weeks. 335 00:18:34,160 --> 00:18:36,080 Speaker 1: That would give us a better idea of what this 336 00:18:36,640 --> 00:18:39,399 Speaker 1: population immunity we have in the US is really going 337 00:18:39,480 --> 00:18:42,399 Speaker 1: to do in terms of limiting future surges. So our 338 00:18:42,480 --> 00:18:45,080 Speaker 1: last thirty seconds or so here, what should the vaccination 339 00:18:45,200 --> 00:18:50,719 Speaker 1: focus be at this point? If full vaccination has plateaued, 340 00:18:51,160 --> 00:18:55,080 Speaker 1: what's the next step? Well, and the important thing is 341 00:18:55,160 --> 00:18:57,280 Speaker 1: to look at some of the populations that are really 342 00:18:57,680 --> 00:19:01,359 Speaker 1: under vaccinated. And for all the enthusiasms some parents have 343 00:19:01,440 --> 00:19:03,879 Speaker 1: had to immunize their kids, there's a large number of 344 00:19:03,960 --> 00:19:07,000 Speaker 1: parents that also are a little bit hesitant about vaccinating 345 00:19:07,000 --> 00:19:10,639 Speaker 1: their their children. So looking at children um as a 346 00:19:10,720 --> 00:19:13,840 Speaker 1: population that has a lot of uninfected people a lot 347 00:19:13,880 --> 00:19:17,200 Speaker 1: of susceptibles is important. And then pushing the message that 348 00:19:17,280 --> 00:19:19,240 Speaker 1: even if you've been infected, you should get a dose 349 00:19:19,320 --> 00:19:23,360 Speaker 1: of vaccine because the data shows that vaccination after infection 350 00:19:23,400 --> 00:19:27,120 Speaker 1: gives you an even stronger and broader immune response that's 351 00:19:27,119 --> 00:19:30,480 Speaker 1: going to protect you from from future variance. Always good 352 00:19:30,480 --> 00:19:33,400 Speaker 1: to get your insight, socr Pecosh thanks again. Andy Pecos 353 00:19:33,720 --> 00:19:37,280 Speaker 1: is Professor of Molecular Microbiology and Immunology at the Johns 354 00:19:37,320 --> 00:19:39,840 Speaker 1: Hopkins Bloomberg School of Public Health, which is supported by 355 00:19:39,880 --> 00:19:43,399 Speaker 1: Michael Bloomberg, the founder and majority owner of Bloomberg Radio's 356 00:19:43,440 --> 00:19:47,800 Speaker 1: parent company, Bloomberg Lp. SMP future is now down four points, 357 00:19:47,800 --> 00:19:51,199 Speaker 1: staff features up sixty two. NASTAC features are lower by 358 00:19:51,320 --> 00:19:53,760 Speaker 1: forty points. The tenure treasury yield right now one point 359 00:19:53,840 --> 00:19:57,119 Speaker 1: nine percent, just ahead, blowout earnings for Disney and a 360 00:19:57,280 --> 00:20:00,520 Speaker 1: historic new regional Fed president. The five things you need 361 00:20:00,600 --> 00:20:03,080 Speaker 1: to know you to start your day up next on 362 00:20:03,160 --> 00:20:09,159 Speaker 1: Bloomberg day Break Bloomberg eleven three oh Weather partably, the 363 00:20:09,200 --> 00:20:11,200 Speaker 1: mostly Sunday. Today apper forties will be in the upper 364 00:20:11,200 --> 00:20:15,280 Speaker 1: forties again tomorrow, low fifties by Saturday. Then everything changes 365 00:20:15,320 --> 00:20:17,359 Speaker 1: for Super Bowl Sunday, when we could have light snow. 366 00:20:17,840 --> 00:20:23,760 Speaker 1: Right now, it's forty in Central Park, broadcasting live from 367 00:20:23,840 --> 00:20:27,600 Speaker 1: the Bloomberg Interactive Broker's studio in New York. Bloomberg E 368 00:20:27,720 --> 00:20:32,359 Speaker 1: Living Free to Washington, d C. Bloomberg to Boston, Bloomberg 369 00:20:32,440 --> 00:20:35,520 Speaker 1: one O six one to San Francisco, Bloomberg n sixt 370 00:20:35,720 --> 00:20:38,919 Speaker 1: to the country, Sirius xm chto Oneline team and around 371 00:20:38,960 --> 00:20:42,520 Speaker 1: the globe, the Bloomberg Business app and Bloomberg Radio dot Com. 372 00:20:42,920 --> 00:20:51,800 Speaker 1: This is Bloomberg Daybreak. It's six thirty on Wall Street. 373 00:20:51,840 --> 00:20:54,640 Speaker 1: Good morning, I'm Nathan Hagger and I'm Karen Moscow. Our 374 00:20:54,800 --> 00:20:56,960 Speaker 1: just about three hours away from the open of US 375 00:20:57,040 --> 00:20:59,040 Speaker 1: trading time to the five things you need to notice 376 00:20:59,080 --> 00:21:02,639 Speaker 1: start your day. Ron to you buy Interactive Brokers. Interactive 377 00:21:02,640 --> 00:21:05,880 Speaker 1: Brokers charges Martin loan rates from zero point seven five 378 00:21:05,960 --> 00:21:09,280 Speaker 1: percent to one point five eight percent, rates subject to change. 379 00:21:09,400 --> 00:21:12,280 Speaker 1: Learn more at ib k R dot com. Slash compare 380 00:21:13,000 --> 00:21:15,879 Speaker 1: up first earnings and inflation our front end center, and 381 00:21:15,960 --> 00:21:18,760 Speaker 1: we begin with earning shares of Disney are up more 382 00:21:18,840 --> 00:21:21,840 Speaker 1: than seven and a half percent this morning after first 383 00:21:21,920 --> 00:21:25,200 Speaker 1: quarter sales, profit, and streaming subscriber growth all beat estimates. 384 00:21:25,480 --> 00:21:29,680 Speaker 1: CEO Bob Chpeck is optimistic, especially about Disney Plus. We're 385 00:21:29,680 --> 00:21:31,960 Speaker 1: going to actually add more substance second half of the 386 00:21:32,040 --> 00:21:34,400 Speaker 1: year than the first half of the year, so we're 387 00:21:34,520 --> 00:21:38,040 Speaker 1: very encouraged by that. Again, it'll still be choppier than 388 00:21:38,400 --> 00:21:41,920 Speaker 1: a perfect linear line, but uh, you know, when you 389 00:21:42,000 --> 00:21:45,480 Speaker 1: have great storytelling and great brands like we do, uh, 390 00:21:45,640 --> 00:21:47,679 Speaker 1: it's it's gonna draw a lot of people across the globe. 391 00:21:47,720 --> 00:21:50,760 Speaker 1: So we're excited about that. Disney CEO Bob Kpex says 392 00:21:50,800 --> 00:21:54,720 Speaker 1: subscriptions for a Disney Plus are now approaching one thirty million. 393 00:21:54,960 --> 00:21:56,720 Speaker 1: And we got some other stocks on the move this 394 00:21:56,840 --> 00:21:58,840 Speaker 1: morning on after the Bell earnings, Karen, we'll get the 395 00:21:58,920 --> 00:22:02,000 Speaker 1: latest on that live from Bloomberg John Tucker John Nathan 396 00:22:02,119 --> 00:22:05,160 Speaker 1: Uber shares up about five percent in pre market trading. 397 00:22:05,240 --> 00:22:08,760 Speaker 1: Fourth quarter revenue topped estimates. The right handling Giant reported 398 00:22:08,760 --> 00:22:12,280 Speaker 1: the most active users in its history. Mattel shares up 399 00:22:12,320 --> 00:22:15,920 Speaker 1: about eleven percent. Revenue and earnings at the toymaker also 400 00:22:16,000 --> 00:22:19,800 Speaker 1: beat estimates, and so did the company's forecast, and Twilio 401 00:22:19,880 --> 00:22:24,439 Speaker 1: shares jumping nent a pre market trading. The infrastructure software 402 00:22:24,480 --> 00:22:28,840 Speaker 1: company reported fourth quarter results that beat expectations and forecast 403 00:22:28,920 --> 00:22:31,720 Speaker 1: revenue ahead of the consensus. Live in New York on 404 00:22:31,840 --> 00:22:34,480 Speaker 1: John Tucker Bloomberg Day Break, John, Thank you. In Europe 405 00:22:34,520 --> 00:22:37,440 Speaker 1: this morning, shares a Credit Suitezer down more than five percent. 406 00:22:37,560 --> 00:22:39,800 Speaker 1: The bank posted its biggest quarterly loss in about four 407 00:22:39,960 --> 00:22:43,439 Speaker 1: years after a large restructuring and litigation charges. Like here 408 00:22:43,440 --> 00:22:46,440 Speaker 1: in the US, the focus this morning is on inflation. Karen. 409 00:22:46,480 --> 00:22:49,440 Speaker 1: Economists predict a CPI reading for January of seven point 410 00:22:49,520 --> 00:22:52,560 Speaker 1: two percent year over year, and it's a historic day 411 00:22:52,640 --> 00:22:55,000 Speaker 1: at the Federal Reserve Bank of Boston. Nathan, we get 412 00:22:55,040 --> 00:22:57,800 Speaker 1: the latest lie from Bloomberg's Rnady Young. Good morning, Nada, 413 00:22:57,840 --> 00:23:00,760 Speaker 1: Good morning Karen. The Boston fit has made University of 414 00:23:00,840 --> 00:23:05,080 Speaker 1: Michigan economists Susan Collins as its next president. She becomes 415 00:23:05,160 --> 00:23:07,320 Speaker 1: the first black woman to lead one of the central 416 00:23:07,320 --> 00:23:10,679 Speaker 1: banks twelve districts, and she'll replace Eric Rosing Grin, who 417 00:23:10,760 --> 00:23:14,520 Speaker 1: stepped down last year. Collins, who's earned a doctorate in 418 00:23:14,640 --> 00:23:17,920 Speaker 1: economics at m I, t drew support from many, including 419 00:23:18,000 --> 00:23:21,640 Speaker 1: former vice chair of the FED and current Princeton University 420 00:23:21,680 --> 00:23:25,119 Speaker 1: professor Allen Blinder. He says Collins has every asset for 421 00:23:25,200 --> 00:23:28,840 Speaker 1: the job and no liabilities. Live in New York. I'm 422 00:23:28,880 --> 00:23:30,800 Speaker 1: gonna need a Young Bloomberg day break. I need to 423 00:23:30,840 --> 00:23:32,159 Speaker 1: thank you. And that's the five things you need to 424 00:23:32,240 --> 00:23:35,040 Speaker 1: know to start your day. Brought to you by Interactive Brokers. 425 00:23:38,680 --> 00:23:40,800 Speaker 1: Thanks Caring. Six thirty three on Wall Street, thirty nine 426 00:23:40,880 --> 00:23:44,200 Speaker 1: degrees in Central Park. Still dealing with the accident investigation 427 00:23:44,280 --> 00:23:47,720 Speaker 1: easterns for the southbound New Jersey Turnpike. Michael Barr has 428 00:23:47,840 --> 00:23:49,560 Speaker 1: more on what's going on in New York and around 429 00:23:49,600 --> 00:23:52,320 Speaker 1: the world. Good morning, Michael, Good morning Nathan. New York's 430 00:23:52,320 --> 00:23:55,480 Speaker 1: earned the corner and it's coronavirus response. New York Governor 431 00:23:55,560 --> 00:23:59,000 Speaker 1: Kathy Hokel lifted the statewide requirement to wear a mask 432 00:23:59,119 --> 00:24:03,200 Speaker 1: indoors or show businesses proof of vaccination. However, Governor Hokel 433 00:24:03,240 --> 00:24:07,120 Speaker 1: will wait on mask requirements for schools until after kids 434 00:24:07,200 --> 00:24:09,960 Speaker 1: returned from February break. We are going to make an 435 00:24:10,000 --> 00:24:13,600 Speaker 1: assessment that first week in March. Based on all of 436 00:24:13,680 --> 00:24:17,040 Speaker 1: the metrics, Governor Hokel says, the positivity rate is down 437 00:24:17,119 --> 00:24:21,119 Speaker 1: and hospitalizations are also down. Connecticut Governor Ned Lamont is 438 00:24:21,200 --> 00:24:24,240 Speaker 1: proposing a revised state budget that includes tax cuts and 439 00:24:24,320 --> 00:24:27,639 Speaker 1: more funding for mental health services. Leman is calling it 440 00:24:27,800 --> 00:24:31,720 Speaker 1: Connecticut's come back budget three years ago I stood before 441 00:24:31,720 --> 00:24:35,239 Speaker 1: he as a new governor, and today states in much 442 00:24:35,280 --> 00:24:38,119 Speaker 1: better shape than we were three years ago, but we 443 00:24:38,160 --> 00:24:40,200 Speaker 1: still have a long way to go. During a State 444 00:24:40,240 --> 00:24:42,920 Speaker 1: of the State address, Governor Lamont also proposed that the 445 00:24:42,960 --> 00:24:46,240 Speaker 1: twenty four point two billion dollar budget boosts spending for 446 00:24:46,359 --> 00:24:50,000 Speaker 1: state colleges and universities. President Joe Biden has met with 447 00:24:50,080 --> 00:24:52,679 Speaker 1: the heads of the nation's largest power companies with an 448 00:24:52,720 --> 00:24:57,320 Speaker 1: eye towards climate change. Bloomberg's Said Baxter reports, the President says, 449 00:24:57,400 --> 00:24:59,720 Speaker 1: these companies have to be at the forefront of the 450 00:24:59,800 --> 00:25:02,320 Speaker 1: u SH effort to kind of mission. CEOs know exactly 451 00:25:02,400 --> 00:25:06,080 Speaker 1: why clean energy future matters. It's an incredible opportunity for 452 00:25:06,160 --> 00:25:09,240 Speaker 1: a country and uh and they know how urgent is 453 00:25:09,320 --> 00:25:12,399 Speaker 1: to get this done, and they've been, uh, you know, 454 00:25:12,560 --> 00:25:15,919 Speaker 1: they've been key partners throughout the entire process, and Biden 455 00:25:15,960 --> 00:25:18,159 Speaker 1: telling the companies their role will be crucial for the 456 00:25:18,280 --> 00:25:22,040 Speaker 1: future of the country and the globe. In San Francisco, 457 00:25:22,080 --> 00:25:24,800 Speaker 1: I'm at Baxter Bloomberg, Gay Break. The National Archives is 458 00:25:24,840 --> 00:25:28,280 Speaker 1: asking the Justice Department to investigate whether former President Donald 459 00:25:28,320 --> 00:25:31,760 Speaker 1: Trump violated federal law and the handling of documents. Former 460 00:25:31,840 --> 00:25:35,280 Speaker 1: federal prosecutor Lorie Levinson says the probe is not a surprise. 461 00:25:35,840 --> 00:25:40,000 Speaker 1: He took fifteen boxes to his private residence at maral Lago. 462 00:25:40,720 --> 00:25:43,480 Speaker 1: Some of those had documents that definitely should have gone 463 00:25:43,560 --> 00:25:46,600 Speaker 1: to the National Archives, and then he had the habit 464 00:25:46,720 --> 00:25:51,040 Speaker 1: of ripping up documents. Loyola Law professor Lorie Levinson. Former 465 00:25:51,119 --> 00:25:53,800 Speaker 1: Alaska Governor Sarah Palin took the stand for the first 466 00:25:53,880 --> 00:25:56,480 Speaker 1: time in the trial of her defamation suit against The 467 00:25:56,520 --> 00:25:59,919 Speaker 1: New York Times. Palin will return today in Manhattan Federal Core. 468 00:26:00,080 --> 00:26:04,200 Speaker 1: Palin issuing The Times over a seventeen editorial that suggested 469 00:26:04,440 --> 00:26:08,400 Speaker 1: she helped inside a deadly twenty eleven shooting in Sucson, Arizona. 470 00:26:08,680 --> 00:26:11,040 Speaker 1: Global News twenty four hours a day on air and 471 00:26:11,240 --> 00:26:14,240 Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven 472 00:26:14,320 --> 00:26:17,800 Speaker 1: hundred journalist analyist more than a hundred twenty countries. Michael 473 00:26:17,800 --> 00:26:20,280 Speaker 1: barn this is Bloomberg. Nathan all right, Michael, thank you. 474 00:26:25,280 --> 00:26:27,400 Speaker 1: Just about six thirty six on Wall Street. John stash 475 00:26:27,440 --> 00:26:29,560 Speaker 1: I always got the Bloomberg Sports update. Are a Nathan 476 00:26:29,600 --> 00:26:32,040 Speaker 1: at the Olympics two U S gold medals, both won 477 00:26:32,119 --> 00:26:35,600 Speaker 1: by heavily favored Americans with Asian heritage. They both attend 478 00:26:35,680 --> 00:26:39,359 Speaker 1: Ivy League schools. Nathan chans and finishing eight disappointing fifth 479 00:26:39,400 --> 00:26:42,040 Speaker 1: four years ago, has nearly completed his degree at Yale, 480 00:26:42,359 --> 00:26:44,640 Speaker 1: and he's one almost every competition. He won the men's 481 00:26:44,640 --> 00:26:47,400 Speaker 1: figure skinny easily, just as Chloe Kim, who goes to Princeton, 482 00:26:47,760 --> 00:26:51,080 Speaker 1: became the first female to win two half pipe gold 483 00:26:51,240 --> 00:26:53,560 Speaker 1: Roger Gadell met the Super Bowl media his first public 484 00:26:53,600 --> 00:26:57,440 Speaker 1: comment since the Brian Flora's lawsuit that alleged Dalpin's owner 485 00:26:57,480 --> 00:27:00,800 Speaker 1: Stephen Ross, offered Flora's bonus money for each game that 486 00:27:00,880 --> 00:27:05,080 Speaker 1: Miami lost. Found UM. All of the allegations, whether they 487 00:27:05,119 --> 00:27:10,200 Speaker 1: were based on racism or discrimination or the integritive the game, 488 00:27:10,280 --> 00:27:14,159 Speaker 1: all of those um to me. We're very disturbing. Um. 489 00:27:14,680 --> 00:27:17,919 Speaker 1: They are very serious matters to us on all levels, 490 00:27:18,480 --> 00:27:20,280 Speaker 1: and we need to make sure we get to the 491 00:27:20,320 --> 00:27:22,280 Speaker 1: bottom of all of them. Didell A down's the NFL 492 00:27:22,400 --> 00:27:24,840 Speaker 1: play a game next year in Munich after the Super 493 00:27:24,880 --> 00:27:27,240 Speaker 1: Bowl and the Olympics next big event and the c 494 00:27:27,320 --> 00:27:29,959 Speaker 1: Double A Tournament. Seaton Hall Rutgers, both hoping to get 495 00:27:30,000 --> 00:27:32,840 Speaker 1: an invite, both help their cause with two point victories 496 00:27:32,880 --> 00:27:36,080 Speaker 1: at home against top twenty five teams. The Pirates top Xavier. 497 00:27:36,160 --> 00:27:40,639 Speaker 1: The Scarlett Knights beat Ohio State. Yukon women lost the 498 00:27:40,720 --> 00:27:43,240 Speaker 1: veg East game to Villanova. Yukon had not lost a 499 00:27:43,320 --> 00:27:46,720 Speaker 1: regular season conference game in nine years. Big first period 500 00:27:46,760 --> 00:27:48,800 Speaker 1: for the Islanders. They scored five times and won six 501 00:27:48,880 --> 00:27:51,480 Speaker 1: three at Vancouver. One time Ranger and Marty san Luis 502 00:27:51,600 --> 00:27:54,440 Speaker 1: named the interim coach of the Montreal Canadians to the 503 00:27:54,560 --> 00:27:57,879 Speaker 1: Fire Dominion. The Canadians played in the last year's Stanley 504 00:27:57,920 --> 00:28:02,879 Speaker 1: Cup Final. This season they are eight and thirty Sports 505 00:28:03,520 --> 00:28:05,879 Speaker 1: all right, John, thanks six thirty seven on Wall Street. 506 00:28:05,880 --> 00:28:07,280 Speaker 1: Time to take a look at stocks. Some of the 507 00:28:07,359 --> 00:28:09,880 Speaker 1: names moving in the pre market. Bloomberg Radio and TV 508 00:28:10,000 --> 00:28:12,879 Speaker 1: markets correspondent Crety Gupta is with us and created the 509 00:28:12,960 --> 00:28:16,520 Speaker 1: Disney Magic is Back. Mickey Mouse would be proud. Let's 510 00:28:16,520 --> 00:28:19,480 Speaker 1: just say that Nathan Disney, absolutely d I S is 511 00:28:19,520 --> 00:28:22,800 Speaker 1: your taker up. Just shive eight percent the subscriber growth numbers. 512 00:28:22,800 --> 00:28:25,200 Speaker 1: That's really where all the action is up to a 513 00:28:25,320 --> 00:28:28,639 Speaker 1: hundred and twenty nine million subscribers. The estimate there was 514 00:28:28,720 --> 00:28:31,640 Speaker 1: a hundred and twenty five million, Nathan. This is huge 515 00:28:31,760 --> 00:28:35,880 Speaker 1: because of Disney's revenue comes from their media, their entertainment, 516 00:28:35,920 --> 00:28:39,400 Speaker 1: their studio business. So the subscriber growth is really encouraging, 517 00:28:39,480 --> 00:28:42,240 Speaker 1: especially in light of the kind of deceleration that you've 518 00:28:42,280 --> 00:28:44,440 Speaker 1: seen in Netflix as well. And on top of that, 519 00:28:44,600 --> 00:28:46,920 Speaker 1: the other thirty percent that came from their parks revenue, 520 00:28:47,120 --> 00:28:48,880 Speaker 1: well you can see that people taking a little bit 521 00:28:48,880 --> 00:28:51,600 Speaker 1: more vacations, a little bit more travel um and now 522 00:28:51,640 --> 00:28:55,000 Speaker 1: they're vaccinated and boosted, so that actually playing into Disney's 523 00:28:55,000 --> 00:28:57,160 Speaker 1: bottom line quite well. The other big piece of their 524 00:28:57,200 --> 00:29:00,720 Speaker 1: equation is at international growth thirty five percent and m 525 00:29:00,840 --> 00:29:04,880 Speaker 1: their subscribers now they're global subscribers, comes from India's partnership 526 00:29:05,120 --> 00:29:08,360 Speaker 1: with hot Star, so you do actually have their fastest 527 00:29:08,360 --> 00:29:11,200 Speaker 1: growing market not in the United States actually India, and 528 00:29:11,280 --> 00:29:14,320 Speaker 1: then once again is helping them boost their bottom line. 529 00:29:14,320 --> 00:29:16,240 Speaker 1: But they are not alone, Nathan. We got to talk 530 00:29:16,240 --> 00:29:18,800 Speaker 1: about Uber here you b e er is your ticker 531 00:29:19,160 --> 00:29:22,160 Speaker 1: up to four percent, a revenue beat and an all 532 00:29:22,320 --> 00:29:26,400 Speaker 1: time record for the number of users eighteen million users 533 00:29:26,480 --> 00:29:29,600 Speaker 1: now using the platform. Good news for Uber. This is 534 00:29:29,640 --> 00:29:32,880 Speaker 1: actually way better results than what Lift had yesterday. So 535 00:29:33,000 --> 00:29:35,680 Speaker 1: you did see Lift kind of say miss on their 536 00:29:35,880 --> 00:29:39,080 Speaker 1: right estimates, Uber beating on them and making a profit 537 00:29:39,120 --> 00:29:41,640 Speaker 1: off of that. Lift however, though trading higher in sympathy 538 00:29:41,840 --> 00:29:43,920 Speaker 1: l y f T user ticker up seven tenths of 539 00:29:43,960 --> 00:29:46,600 Speaker 1: a percent. Nathan, Yeah, earning surprises all around this morning 540 00:29:46,640 --> 00:29:48,880 Speaker 1: after the bell and we got more earnings this morning. 541 00:29:48,960 --> 00:29:52,040 Speaker 1: Creat Yeah. PepsiCo, you know, I love this one because 542 00:29:52,360 --> 00:29:54,320 Speaker 1: if you are a nerd like me, you can ner 543 00:29:54,400 --> 00:29:57,040 Speaker 1: down to PepsiCo's kind of financials and they have this 544 00:29:57,160 --> 00:29:59,680 Speaker 1: really great ratio, which is the snack to drink ratio, 545 00:30:00,120 --> 00:30:02,920 Speaker 1: which was perfect for the kind of the pandemic, right 546 00:30:02,960 --> 00:30:05,360 Speaker 1: because when people were out and about, they would, you know, 547 00:30:05,440 --> 00:30:07,160 Speaker 1: grab a coke or grab a Star, not a coke, 548 00:30:07,240 --> 00:30:09,720 Speaker 1: grab a pepsi a cooke, girl, if you can tell uh, 549 00:30:09,840 --> 00:30:12,600 Speaker 1: grab a pepsi, like on the go, I know, I'm 550 00:30:12,680 --> 00:30:15,240 Speaker 1: it's a scandal. Grab pepsi on the go, grab a 551 00:30:15,280 --> 00:30:17,560 Speaker 1: Star Wars coffee on the go or whatever. Or but 552 00:30:17,680 --> 00:30:19,640 Speaker 1: then in the pandemic, in the lockdown, they would kind 553 00:30:19,680 --> 00:30:22,840 Speaker 1: of stock up on snacks Derito's lays whatever, So that 554 00:30:23,000 --> 00:30:26,000 Speaker 1: ratio has kind of been a bit of a pandemic play, 555 00:30:26,360 --> 00:30:29,120 Speaker 1: if you will. Nevertheless, they are actually beating their earnings 556 00:30:29,200 --> 00:30:32,280 Speaker 1: and unveiling plans to raise their dividend by seven percent. 557 00:30:32,600 --> 00:30:34,040 Speaker 1: And on top of the cherry, on top of a 558 00:30:34,080 --> 00:30:36,880 Speaker 1: pretty good Sunday, a buyback of up to ten billion 559 00:30:37,000 --> 00:30:40,080 Speaker 1: dollars in stock. So PEPs your taker, They're up one 560 00:30:40,160 --> 00:30:42,440 Speaker 1: point one percent. Nathan, all right, we'll take the soda 561 00:30:42,600 --> 00:30:46,200 Speaker 1: versus pop debate off air. Thanks creating Bloomberg Radio and 562 00:30:46,240 --> 00:30:49,280 Speaker 1: TV Markets correspondent created with us this morning, as we 563 00:30:49,320 --> 00:30:51,640 Speaker 1: look at stocks as a whole, ahead of the open 564 00:30:51,880 --> 00:30:55,000 Speaker 1: and ahead of the CPI data coming out this morning, 565 00:30:55,120 --> 00:30:58,280 Speaker 1: futures or kind of mixed. We have SMP futures down 566 00:30:58,360 --> 00:31:02,040 Speaker 1: down five points, Stown futures moving higher up fifty. NASTAC 567 00:31:02,120 --> 00:31:04,760 Speaker 1: future is still lower, down thirty five points. The tenure 568 00:31:04,760 --> 00:31:08,520 Speaker 1: treasury down one thirty second to yield one yield on 569 00:31:08,560 --> 00:31:12,760 Speaker 1: the two year one point three. Lots of developments this 570 00:31:12,840 --> 00:31:14,720 Speaker 1: morning in the nation's capital. Will check in next with 571 00:31:14,800 --> 00:31:22,560 Speaker 1: Bloomberg Government Congressional reporter Jack Fitzpatrick. This is Bloomberg Bloomberg 572 00:31:22,560 --> 00:31:24,920 Speaker 1: eleven three oh weather sunshine up for forties today, mix 573 00:31:24,960 --> 00:31:27,480 Speaker 1: of sun and clouds. Tomorrow up for forties, low fifties 574 00:31:27,560 --> 00:31:31,880 Speaker 1: by Saturday, light snow, possible Super Bowl Sunday. Right now 575 00:31:32,480 --> 00:31:39,640 Speaker 1: thirty nine in Central Park Markets, headlines and breaking news 576 00:31:39,840 --> 00:31:42,440 Speaker 1: twenty four hours a day at Bloomberg dot Com, the 577 00:31:42,480 --> 00:31:46,000 Speaker 1: Bloomberg Business at and at Bloomberg Quick takee. He's a 578 00:31:46,040 --> 00:31:55,600 Speaker 1: Bloomberg Business lash and I'm Karen Moscow. SMP futures are 579 00:31:55,680 --> 00:31:58,560 Speaker 1: moving lower this morning. We get the first word breaking 580 00:31:58,640 --> 00:32:01,680 Speaker 1: news das for today's morning call, and here's the Maloney bill. 581 00:32:01,720 --> 00:32:05,440 Speaker 1: Good morning, Hey, good morning, Karen. US futures are trading 582 00:32:05,480 --> 00:32:08,080 Speaker 1: mixed right now with Doubt futures hired by thirty two points. 583 00:32:08,440 --> 00:32:10,480 Speaker 1: Like you said, SV futures trading a little by seven 584 00:32:10,520 --> 00:32:13,640 Speaker 1: will the NASDACK futures are down by forty four. The 585 00:32:13,760 --> 00:32:16,440 Speaker 1: US ten yel at one point nine four percent, Gold 586 00:32:16,600 --> 00:32:19,520 Speaker 1: is little change, Oil is climbing, a Bitcoin is hired 587 00:32:19,560 --> 00:32:22,280 Speaker 1: by one point to percent. Up of markets are in 588 00:32:22,320 --> 00:32:24,440 Speaker 1: the green this morning and back in the US. On 589 00:32:24,480 --> 00:32:26,840 Speaker 1: the economic front of eight thirty initial jobs claims and 590 00:32:27,160 --> 00:32:30,479 Speaker 1: January cp I. After de Bellas Night, Disney had an 591 00:32:30,560 --> 00:32:34,640 Speaker 1: upside surprise on theme parks and Disney plus subscriber uber 592 00:32:34,680 --> 00:32:37,760 Speaker 1: Que four revenue beat estimates and regarding earnings. This morning, 593 00:32:38,080 --> 00:32:41,120 Speaker 1: Pepsi beat on organic sales and announced a new buyback 594 00:32:41,640 --> 00:32:44,800 Speaker 1: and a dividend boost. Wrapping things up, American Express was 595 00:32:44,880 --> 00:32:48,400 Speaker 1: raised to outperform over at DIOWA. Live from the First 596 00:32:48,520 --> 00:32:51,400 Speaker 1: Breaking News desk, Bill Maloney, Karen, all right, Bill, thank 597 00:32:51,400 --> 00:32:53,600 Speaker 1: you to here live breaking news of your Bloomberg type 598 00:32:53,640 --> 00:32:55,760 Speaker 1: squawk on your tournament. I'll ask you you a w 599 00:32:56,000 --> 00:32:58,360 Speaker 1: K and that's a Bloomberg business flash. Now here's Michael 600 00:32:58,400 --> 00:33:00,880 Speaker 1: Barrow with Moore on what's going on in the world. Michael, 601 00:33:01,120 --> 00:33:04,040 Speaker 1: thank you very much. Caring. The protest over COVID restrictions 602 00:33:04,080 --> 00:33:07,840 Speaker 1: blocking freight traffic from Detroit into Canada is starting to 603 00:33:07,920 --> 00:33:11,560 Speaker 1: head crucial supply change Board was forced to idle a 604 00:33:11,600 --> 00:33:16,480 Speaker 1: Canadian engine factory and operate an assembly plant at reduced capacity. 605 00:33:16,880 --> 00:33:20,000 Speaker 1: Bob Saget died of head trauma, as according to a 606 00:33:20,080 --> 00:33:23,360 Speaker 1: statement from the family of the comedian, who say apparently 607 00:33:23,440 --> 00:33:26,360 Speaker 1: Saget accidentally hit the back of his head on something, 608 00:33:26,520 --> 00:33:29,440 Speaker 1: thought nothing of it and went to sleep. The US 609 00:33:29,480 --> 00:33:32,120 Speaker 1: has won three gold medals so far at the Beijing Olympics, 610 00:33:32,160 --> 00:33:36,360 Speaker 1: including by figure skater Nathan Chen and snowboarder Chloe Kim. 611 00:33:36,800 --> 00:33:39,120 Speaker 1: NFL commission at Ron Goodell says the league will deal 612 00:33:39,200 --> 00:33:42,440 Speaker 1: with discrimination in a serious way if he finds team 613 00:33:42,520 --> 00:33:45,960 Speaker 1: violations in the NHL. The Islanders won in the NBA, 614 00:33:46,080 --> 00:33:49,040 Speaker 1: the Warriors lost. Global News twenty four hours a day 615 00:33:49,160 --> 00:33:52,200 Speaker 1: on air and on Bloomberg Quicktake, powered by more than 616 00:33:52,280 --> 00:33:54,960 Speaker 1: twenty seven hundred journalists and analysts more than a hundred 617 00:33:55,000 --> 00:33:58,680 Speaker 1: twenty countries. I'm Michael Barr. This is Bloomberg. The following 618 00:33:58,800 --> 00:34:03,760 Speaker 1: commentary is from Bloomberg Opinion Nominations. I'm Jonathan Bernstein, a 619 00:34:03,800 --> 00:34:07,239 Speaker 1: columnist for Bloomberg Opinion. The United States finally has an 620 00:34:07,240 --> 00:34:11,240 Speaker 1: ambassador to Germany after the Senate this week confirmed Amy Guttman. 621 00:34:11,719 --> 00:34:14,000 Speaker 1: It's obviously dysfunctional for the US to go without an 622 00:34:14,000 --> 00:34:16,480 Speaker 1: ambassador to a major world power and ally for more 623 00:34:16,560 --> 00:34:18,959 Speaker 1: than a year, and for the Senate to take seven 624 00:34:19,040 --> 00:34:22,919 Speaker 1: months to get it done. Republicans continue to filibuster every 625 00:34:23,000 --> 00:34:27,239 Speaker 1: judicial and executive branch domination, forcing relatively low priority but 626 00:34:27,320 --> 00:34:31,799 Speaker 1: still important picks to languish. Almost two hundred critical nominations 627 00:34:31,840 --> 00:34:34,399 Speaker 1: are stuck in the Senate, and about seventy are only 628 00:34:34,440 --> 00:34:38,320 Speaker 1: awaiting a final vote. They are being filibuster. All of 629 00:34:38,400 --> 00:34:41,399 Speaker 1: this is senseless. Republicans aren't going to win a single 630 00:34:41,440 --> 00:34:45,000 Speaker 1: extra vote because, say, the Department of Transportation Chief Financial 631 00:34:45,040 --> 00:34:47,560 Speaker 1: Officer had to wait a few extra months to be confirmed. 632 00:34:48,280 --> 00:34:51,560 Speaker 1: Nor will such a delay prevent policies that Republicans dislike 633 00:34:51,680 --> 00:34:55,680 Speaker 1: from being implemented. Republicans haven't gained anything by dragging their 634 00:34:55,680 --> 00:34:58,840 Speaker 1: feet on a key ambassador, and Democrats haven't lost anything. 635 00:34:59,120 --> 00:35:01,640 Speaker 1: But the Senate has something, and so has the nation 636 00:35:01,680 --> 00:35:04,480 Speaker 1: as a whole. I'm Jonathan Bernstein. For more opinion, please 637 00:35:04,520 --> 00:35:07,160 Speaker 1: go to Bloomberg dot com, Slash Opinion or OPI n 638 00:35:07,239 --> 00:35:10,640 Speaker 1: go on the Bloomberg terminal. These has been Bloomberg Opinion 639 00:35:10,960 --> 00:35:13,719 Speaker 1: and Bloomberg Opinion commentaries can be heard every weekday at 640 00:35:13,760 --> 00:35:16,239 Speaker 1: this time, and terminal customers can read more at O 641 00:35:16,400 --> 00:35:20,000 Speaker 1: p I n go. It is six fifty on Wall Street. 642 00:35:20,080 --> 00:35:22,320 Speaker 1: Let's turn to news and science and technology now with 643 00:35:22,400 --> 00:35:24,719 Speaker 1: the Bloomberg n j I T STEM report brought the 644 00:35:24,840 --> 00:35:28,680 Speaker 1: U buy New Jersey Institute of Technology transforming computing professionals 645 00:35:28,760 --> 00:35:31,520 Speaker 1: into data scientists to meet demand in this fast growing field. 646 00:35:31,800 --> 00:35:33,680 Speaker 1: Learn more at n j I, T dot et U, 647 00:35:33,840 --> 00:35:38,040 Speaker 1: slash data Science. Here's what's making news and science, technology, engineering, 648 00:35:38,080 --> 00:35:40,920 Speaker 1: and math. New York State is dropping its mask mandate 649 00:35:41,000 --> 00:35:43,880 Speaker 1: for most businesses today, the number of COVID cases statewide 650 00:35:44,000 --> 00:35:46,320 Speaker 1: is plunged ninety three percent from its peak during the 651 00:35:46,360 --> 00:35:49,560 Speaker 1: Omicron surge. New York is still leaving mask mandates in 652 00:35:49,680 --> 00:35:52,719 Speaker 1: schools in place, while neighboring states have begun to ease 653 00:35:52,840 --> 00:35:57,919 Speaker 1: such rules. As COVID infections and hospitalizations fall, CDs Health 654 00:35:58,040 --> 00:36:00,920 Speaker 1: says demand for COVID tests and fact scenes is expected 655 00:36:00,960 --> 00:36:03,320 Speaker 1: to fade this year as the virus appears to recede 656 00:36:03,360 --> 00:36:06,840 Speaker 1: after the omicron variant infected millions of people in recent months. 657 00:36:07,280 --> 00:36:09,880 Speaker 1: The drug store Giant expects to administer about half as 658 00:36:09,920 --> 00:36:13,640 Speaker 1: many virus tests and fewer shots this year compared with 659 00:36:14,480 --> 00:36:18,640 Speaker 1: one and space X's newest fleet of satellites is tumbling 660 00:36:18,680 --> 00:36:22,160 Speaker 1: out of orbit after being struck by a solar storm. 661 00:36:22,600 --> 00:36:25,600 Speaker 1: Up to forty forty nine small satellites launched last week 662 00:36:25,680 --> 00:36:27,840 Speaker 1: have either re entered the atmosphere and burned up or 663 00:36:27,880 --> 00:36:30,600 Speaker 1: are in the verge of doing so. SpaceX says a 664 00:36:30,800 --> 00:36:34,880 Speaker 1: geomagnetic storm last Friday made the Atmosphere Dancer, which increased 665 00:36:34,920 --> 00:36:38,239 Speaker 1: the drag on the Starlink satellites, effectively dooming them and 666 00:36:38,320 --> 00:36:41,760 Speaker 1: as a Bloomberg n j I t Stem report. Nathan, Okay, Karen, 667 00:36:41,800 --> 00:36:44,280 Speaker 1: thank you. We're live from the Bloomberg Interactive Broker Studios, 668 00:36:44,320 --> 00:36:46,480 Speaker 1: where it's just about six fifty two on Wall Street Time. 669 00:36:46,520 --> 00:36:48,520 Speaker 1: Now to check what's going on in d C. Some 670 00:36:48,640 --> 00:36:51,359 Speaker 1: of the top stories from our nation's capital include bipartisan 671 00:36:51,400 --> 00:36:54,359 Speaker 1: pushback for a stock trading van idea on Capitol Hill, 672 00:36:54,640 --> 00:36:57,040 Speaker 1: President Biden's fed pick trying to clear her view on 673 00:36:57,120 --> 00:37:00,480 Speaker 1: the Central Banks, rolling climate policy, and the National Archives 674 00:37:00,520 --> 00:37:03,720 Speaker 1: finding former President Donald Trump may have taken classified material 675 00:37:03,840 --> 00:37:06,879 Speaker 1: with him tomorrow. Lago also making news some breaking news 676 00:37:06,960 --> 00:37:10,279 Speaker 1: concerning Saunia, Arabia and former President Trump's son in law. 677 00:37:10,360 --> 00:37:14,040 Speaker 1: Bloomberg Government Congression reporter Jack Fitzpatrick joins us now from 678 00:37:14,040 --> 00:37:17,759 Speaker 1: our Bloomberg studio in Washington, d C. Jack, good to 679 00:37:17,840 --> 00:37:19,520 Speaker 1: have you with us. So what is this news we're 680 00:37:19,560 --> 00:37:23,799 Speaker 1: hearing about Jared Kushner. Well, so the news that has 681 00:37:23,920 --> 00:37:27,680 Speaker 1: just come up is that Kushner in recent weeks has 682 00:37:28,160 --> 00:37:32,000 Speaker 1: actually met with Mohammed Ben Salmon, the Crown Prince of 683 00:37:32,120 --> 00:37:36,160 Speaker 1: Saudi Arabia. I would point out it's it's notable not 684 00:37:36,360 --> 00:37:39,960 Speaker 1: only that you see a former Trump administration who has 685 00:37:40,040 --> 00:37:44,320 Speaker 1: that personal relationship with the Crown Prince UH, continuing to 686 00:37:44,640 --> 00:37:47,320 Speaker 1: talk with him, but it really sort of shows a 687 00:37:47,480 --> 00:37:52,680 Speaker 1: contrast when you had President Biden calling to discuss OPEC 688 00:37:52,760 --> 00:37:57,800 Speaker 1: and the Iran nuclear negotiations the King Salmon, because the 689 00:37:58,040 --> 00:38:01,239 Speaker 1: Biden administration really has has made it very clear they're 690 00:38:01,400 --> 00:38:05,120 Speaker 1: looking to deal with the King and not the Crown Prince. UH. 691 00:38:06,200 --> 00:38:10,240 Speaker 1: I guess it shows some uh mixed messages from the US. 692 00:38:10,520 --> 00:38:16,719 Speaker 1: This was conversations between Kushner regarding potential energy investments he 693 00:38:16,800 --> 00:38:20,960 Speaker 1: went to Saudi Aramco UH in in recent weeks. It's 694 00:38:21,120 --> 00:38:25,919 Speaker 1: you know, it's notable to to see the continuing communication, controversial, 695 00:38:26,280 --> 00:38:32,880 Speaker 1: controversial relationship, but continuing communication between a close ally of 696 00:38:33,000 --> 00:38:36,000 Speaker 1: former President Trump and a former administration official with the 697 00:38:36,040 --> 00:38:39,400 Speaker 1: Crown Prince. And speaking of controversies surrounding the former president, 698 00:38:39,520 --> 00:38:43,040 Speaker 1: it seems like this issue around the National Archives and 699 00:38:43,080 --> 00:38:46,279 Speaker 1: the records the President took with him tomorrow lago after 700 00:38:46,400 --> 00:38:50,000 Speaker 1: he left the White House, it just seems to be mounting. Jack. Yeah, 701 00:38:50,040 --> 00:38:53,080 Speaker 1: I mean the latest on that is that the National 702 00:38:53,239 --> 00:38:58,719 Speaker 1: Archives actually went to the Justice Department, UH, following up 703 00:38:58,800 --> 00:39:02,640 Speaker 1: with what they believe it was classified information UH that 704 00:39:02,880 --> 00:39:05,879 Speaker 1: the former president had and had taken with him from 705 00:39:06,000 --> 00:39:09,279 Speaker 1: the White House. It's still too early to say if 706 00:39:09,360 --> 00:39:13,719 Speaker 1: this would lead to a Justice Department investigation, but you know, 707 00:39:13,840 --> 00:39:17,400 Speaker 1: for one, we've heard from uh Carol Carolin Maloney has 708 00:39:17,440 --> 00:39:20,719 Speaker 1: said publicly, she's the chair of the House Oversight, has 709 00:39:20,719 --> 00:39:22,640 Speaker 1: said publicly, this is the kind of thing that should 710 00:39:22,680 --> 00:39:26,240 Speaker 1: be investigated. I would note the New York Times reporting 711 00:39:26,280 --> 00:39:29,840 Speaker 1: on this has mentioned that, uh, some feedback from the 712 00:39:29,920 --> 00:39:32,560 Speaker 1: Justice Department was this could be handled by the Inspector 713 00:39:32,640 --> 00:39:35,880 Speaker 1: General for the National Archives. So it's it's unclear exactly 714 00:39:36,280 --> 00:39:39,200 Speaker 1: how much this heats up, but clearly quite a bit 715 00:39:39,239 --> 00:39:42,000 Speaker 1: of back and forth on on what appears to be 716 00:39:42,520 --> 00:39:46,680 Speaker 1: potentially some improper handling of documents on the former president's 717 00:39:46,719 --> 00:39:48,759 Speaker 1: way out and so much going on right now, it 718 00:39:48,800 --> 00:39:51,040 Speaker 1: seems in Washington, d C. Can you give us an 719 00:39:51,080 --> 00:39:54,640 Speaker 1: update on this push to band stock trading on Capitol Hill. 720 00:39:54,640 --> 00:39:57,040 Speaker 1: It seems like there's a bit of pushback now. Yeah, well, 721 00:39:57,120 --> 00:40:00,279 Speaker 1: as we get into the details, there is some push back. 722 00:40:00,440 --> 00:40:03,960 Speaker 1: I would say when we heard from the Senate Majority 723 00:40:04,080 --> 00:40:09,000 Speaker 1: Leader Chuck Schumer effectively endorsing the broader idea, and from 724 00:40:09,120 --> 00:40:12,240 Speaker 1: Speaker Pelosi saying that this is something that a committee, 725 00:40:12,239 --> 00:40:16,000 Speaker 1: the House Administration Committee, should look into. The broader idea 726 00:40:16,120 --> 00:40:19,880 Speaker 1: seems to be getting momentum, but as it develops, there's 727 00:40:19,960 --> 00:40:23,239 Speaker 1: some pushback or at least some warnings that the details 728 00:40:23,320 --> 00:40:25,839 Speaker 1: are are really not going to be easy to iron out. 729 00:40:26,600 --> 00:40:30,400 Speaker 1: The questions would be, you know, does this mean a 730 00:40:30,600 --> 00:40:33,520 Speaker 1: ban on holding stocks or is it something along the 731 00:40:33,600 --> 00:40:36,760 Speaker 1: lines of a blind trust. Would this affect family members, 732 00:40:36,800 --> 00:40:40,000 Speaker 1: would affect the spouses of members of Congress? Would it 733 00:40:40,080 --> 00:40:44,960 Speaker 1: affect congressional staff? Uh, there are some varying proposals. The 734 00:40:45,160 --> 00:40:48,000 Speaker 1: general idea of a bill coming up seems to have 735 00:40:48,200 --> 00:40:52,880 Speaker 1: some momentum, but there's there's bipartisan warnings at least that 736 00:40:53,000 --> 00:40:55,759 Speaker 1: it's it's uh, it's not quite as simple as it 737 00:40:55,840 --> 00:40:58,920 Speaker 1: may sound at first. All right, Bloomberg Government Congressional reporter 738 00:40:59,080 --> 00:41:01,400 Speaker 1: Jack fits pas Trick, thanks for being with us for 739 00:41:01,520 --> 00:41:03,960 Speaker 1: the update from Washington, d C. And you can read 740 00:41:04,040 --> 00:41:07,239 Speaker 1: more about all these stories on Bloomberg dot com or 741 00:41:07,280 --> 00:41:10,280 Speaker 1: on the Bloomberg terminal. Listen to Bloomberg Radio in Washington. 742 00:41:10,360 --> 00:41:13,880 Speaker 1: We're a Bloomberg and one oh five point seven FM 743 00:41:14,080 --> 00:41:16,839 Speaker 1: h D two. Karen, all right, Nathan, thank you at 744 00:41:16,840 --> 00:41:20,280 Speaker 1: a six fifties six on Wall Street. This is Bloomberg Daybreak. 745 00:41:20,560 --> 00:41:23,719 Speaker 1: February is Black History Month, and every day this month 746 00:41:23,840 --> 00:41:27,719 Speaker 1: we're celebrating significant moments in US black history. Now with 747 00:41:27,800 --> 00:41:31,239 Speaker 1: your installment for February tenth, here is Bloomberg's Rainity Young 748 00:41:31,800 --> 00:41:35,320 Speaker 1: on this day in Black History. In nine nine, Attorney 749 00:41:35,440 --> 00:41:39,560 Speaker 1: Ron Brown becomes the first African American elected national chairman 750 00:41:39,600 --> 00:41:43,080 Speaker 1: of the Democratic Party. As chairman, Brown played a key 751 00:41:43,239 --> 00:41:46,840 Speaker 1: role in securing the nine two election of Bill Clinton, 752 00:41:47,239 --> 00:41:50,120 Speaker 1: who was the first Democrat to win the US presidency 753 00:41:50,280 --> 00:41:54,799 Speaker 1: since Jimmy Carter in nineteen seventy six. So in nine three, 754 00:41:55,040 --> 00:41:58,840 Speaker 1: Clinton nominated Brown as Commerce Secretary, and when the Senate 755 00:41:58,920 --> 00:42:02,319 Speaker 1: confirmed him, Round became the first black person to hold 756 00:42:02,400 --> 00:42:07,000 Speaker 1: that cabinet post in US history. That's today in Black history. 757 00:42:07,280 --> 00:42:10,840 Speaker 1: I'm Nita Young, Bloomberg Radio, Right, Bernata, thank you for 758 00:42:10,960 --> 00:42:14,080 Speaker 1: watching earnings from Coca Cola crossing the Bloomberg. It looks 759 00:42:14,120 --> 00:42:17,800 Speaker 1: like fourth quarter profit bait analysts estimates and it sees 760 00:42:18,640 --> 00:42:22,680 Speaker 1: organic revenue that could come in just below analysts estimates, 761 00:42:22,719 --> 00:42:25,240 Speaker 1: and that's why shares are moving lower. In early trading. 762 00:42:25,520 --> 00:42:28,080 Speaker 1: They're done about eight tenths of a percent because it's 763 00:42:28,080 --> 00:42:31,680 Speaker 1: seing organic revenue at about seven to eight percent. Well, 764 00:42:31,680 --> 00:42:34,279 Speaker 1: analysts we're looking for about eight point four percent. That 765 00:42:34,440 --> 00:42:38,720 Speaker 1: is for two Bloomberg Surveillance with Tom Keene, Jonathan Farrell 766 00:42:38,760 --> 00:42:42,400 Speaker 1: and Lisa A. Brahma Wasz is straight Ahead and for 767 00:42:42,640 --> 00:42:46,520 Speaker 1: Nathan Hagar. I'm Karin Moscow and this is Bloomberg