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Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow
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Speaker 1: and futures this morning are on the rise. S and
Speaker 1: P futures of twenty two points or six tents of uppercent.
Speaker 1: DAL futures have two hundred sixty four points or eight
Speaker 1: tens of a percent, and as the features at forty
Speaker 1: three points or four tenths of uppercent. The decks in
Speaker 1: Germany is up eight tenths of a percent. The ten
Speaker 1: year treasury up one thirty second YELD three point six
Speaker 1: seven percent, yield on the two year four point to
Speaker 1: two percent. NIMEX screent oil is up more than two
Speaker 1: percent of a dollar. Say it's seventy seven dollars eighty
Speaker 1: four cents of barrel. Go make skull There is down
Speaker 1: a tenth of a percent on a dollar ninety At
Speaker 1: eighteen twenty three, fifty announced the euro one point six
Speaker 1: one four against the dollar, British pound one point two
Speaker 1: zero nine nine, and the Yunis had won thirty one
Speaker 1: point eight seven. Look at a big coin, it's little
Speaker 1: change at about sixteen thousand, nine hundred dollars. And that's
Speaker 1: a Bloomberg business flash, Nathan. All right, Karen, thank you
Speaker 1: to six fifty six on Wall Street Bloomberg surveillances. Next,
Speaker 1: first we take a look at the stocks moving in
Speaker 1: the pre market. Bloomberg Radio on TV. Markets correspondent Kritty
Speaker 1: Gupta is here with a really long list of stocks,
Speaker 1: starting off with Nike after the earnings. Cretty, it's interesting,
Speaker 1: despite all the talk about recession next year, people still
Speaker 1: want their kicks. Yeah, it looks like the analysts really
Speaker 1: got busy this morning, which makes our jobs a little
Speaker 1: more interesting. And k is the taker for Nike shares
Speaker 1: up about a twelve point six percent. We'll call it thirteen.
Speaker 1: It's coming after analysts hiking their price targets. After exactly
Speaker 1: what you said, Nathan, a quarterly sales beat for Nike
Speaker 1: that the robust update demonstrates the brand's strength to despite
Speaker 1: a pretty tough macroeconomic backdrop, that is a glowing stamp
Speaker 1: of approval if I've ever heard of one. Um So
Speaker 1: that's going to be a crucial mover this morning and
Speaker 1: really rewarded by the stock market, at least in the
Speaker 1: pre market for by a lot of investors. The other
Speaker 1: one that's getting a little bit of a boost this morning,
Speaker 1: Tesla shares t s l A shares up about one
Speaker 1: point three percent. This morning comes after Elon must confirmed
Speaker 1: that he will resign as CEO of social media firm
Speaker 1: Twitter when a successor is found. Instead, he's gonna focus
Speaker 1: on the engineering teams of it. Remember that inverse correlation
Speaker 1: between Twitter and Tesla still very much alive. The idea
Speaker 1: here that if he does indeed leave Twitter, then Tesla
Speaker 1: gets more of his attention, and that's a good thing
Speaker 1: for that business at least has the way it's interpreted
Speaker 1: in the market. But remember there is also a part
Speaker 1: of the story that you need to keep an eye on,
Speaker 1: which is reports on Tesla itself preparing for a hiring freeze.
Speaker 1: It's coming from Electric Nathan Tesla implementing a hiring freeze
Speaker 1: and a new round of layoffs in the first quarter
Speaker 1: of three, once again not reported by Bloomberg, reported by
Speaker 1: Electric but looking to not quite dent the stock games
Speaker 1: this morning. Now we're also seeing some gains for companies
Speaker 1: that are beating on earnings, particularly fed X. I mean,
Speaker 1: we were going into these earnings thinking they would disappoint
Speaker 1: and what a surprise here. Yeah, we are seeing them
Speaker 1: rally this morning about four percent after second quarter earnings
Speaker 1: once again beat those estimates. And remember FedEx employed a
Speaker 1: really interesting strategy. They try to get ahead of the
Speaker 1: hiring problem going into the holidays, really trying to say, well,
Speaker 1: labor is important to us, We're going to get ahead
Speaker 1: of it. And the earnings really reflected that that was
Speaker 1: a winning strategy. They beat those analysts estimates. They also
Speaker 1: have price increases and cost cuts that also helped um
Speaker 1: really just kind of make it up on the bottom line,
Speaker 1: even if you did see that dropping volume. So interesting
Speaker 1: story out of FedEx. I'll leave you with one last one,
Speaker 1: and that of course is going to be Starbucks, the
Speaker 1: stock declining by eight tenths of one percent. Downgraded to
Speaker 1: a hold over at Jeffreys. Now they are positive on
Speaker 1: the U S restaurant area, and UH sector broadly, but
Speaker 1: they are downgrading Starbucks just for today. Okay, Bloomberg Radio
Speaker 1: and TV Markets correspondent Credi Gupta, I will see you
Speaker 1: in the pantry to get our load up on the
Speaker 1: coffee right now. SUP futures up twenty three point, staff
Speaker 1: futures up two D seventy and Nastack futures higher by
Speaker 1: forty five points. This is Bloomberg Daybreak. I'm Nathan Hagar
Speaker 1: along with Karen Moscow. It is six fifty nine on
Speaker 1: Wall Street and Bloomberg Surveillance starts right now, live from
Speaker 1: the financial capital of the world, broadcasting across the globe.
Speaker 1: This is w b b R, New York, Bloomberg Living Trio.
Speaker 1: It's clear that banker Japan's gotta hip next year. It's
Speaker 1: the end of an era and investors have to get
Speaker 1: used to higher interesting markets headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business at and at Bloomberg Quick Tape. He's He's a
Speaker 1: Bloomberg Business line and I'm Karen Moscow. Futures are on
Speaker 1: the rise this morning. We go to the First Word
Speaker 1: Breaking news desk for today's morning call, and here's Bill Maloney, Bill,
Speaker 1: good morning, Good morning, Karen. That's right. US hugues are
Speaker 1: firmly in the green, helped by earnings from FedEx and Nike.
Speaker 1: You just fromally up two point says if he's game twenty,
Speaker 1: and Nazic futures are higher by forty. The US ten
Speaker 1: yield at three point six eight percent, Gold is down five,
Speaker 1: oil is trading in the green, and bitcoin is little changed.
Speaker 1: Japan fell point seven overnight, while up markets are also
Speaker 1: in the green this morning and back in the US.
Speaker 1: On the economic front at ten o'clock, existing home sales
Speaker 1: and consumer confidence after the LS night, Nike sales and
Speaker 1: gross margins beat estimates, and FedEx profit also topped estimates
Speaker 1: regarding earnings this morning. Look for Carnival to report in
Speaker 1: the pre market. In other news, Electric report that Tessa
Speaker 1: to implement a hiring freeze and new layoffs and wrapping
Speaker 1: things up. Breaker was cut to hold well bred Jeffreys
Speaker 1: live from the first breaking news testom Bill Maloney, care fright, Biel,
Speaker 1: thank you to here live breaking news over your Bloomberg
Speaker 1: type squawk on your terminal ascue. You a w K
Speaker 1: and that's a Bloomberg Business Flash. Now here's Michael Barr
Speaker 1: with Moore on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. The House Ways and Mains Committee
Speaker 1: voted to release former President Trump's tax information to the public.
Speaker 1: So far, we have learned that dozens of audit triggers
Speaker 1: litter Trump's tax returns. According to Congress's top nonpartisan tax lawyers,
Speaker 1: there are questionable private jet expenses and large, unsubstantiated charitable deductions.
Speaker 1: Ukrainian President Volodamir z Lenski will be in Washington and
Speaker 1: we'll meet with President Biden today. In the NBA, the
Speaker 1: NIXT beat the Warriors one nine four, the Wizards one,
Speaker 1: the NHL Rangers Devil's Lost, Big Old Baseball News Carlos
Speaker 1: Korea has reportedly agreed to sign with the Mets in
Speaker 1: a twelve year, three fifteen million dollar deal. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven under journalist and analysts
Speaker 1: more than twenty countries. Michael Barr and this is Bloomberg
Speaker 1: careth Marry. Michael Barr, thank you. It is sixty two
Speaker 1: on Wall Street and let's turn to news now in
Speaker 1: science and technology with the Bloomberg and j I T
Speaker 1: STEM Report, and it's brought to you buy New Jersey
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Speaker 1: You know here's just making news and science, technology, engineering,
Speaker 1: and math. Virgin Orbit has been granted a license to
Speaker 1: launch satellites from the UK, paving the way for the
Speaker 1: first ever space mission from European soil. Early in the
Speaker 1: new year, the UK Civil Aviation Authority gave permission to
Speaker 1: operate from Spaceport Cornwall in southwest England after an official
Speaker 1: sign off from Transport Secretary Mark Harper. Brazil's government had
Speaker 1: reassert his global climate credentials by selling a bond where
Speaker 1: the interested pays creditors hinges on whether the country protects
Speaker 1: the Amazon rainforest. That's the proposal gaining momentum among bankers, investors,
Speaker 1: and researchers who say the nation should follow in the
Speaker 1: footsteps of Latin American piers Chile and Uruguay by issuing
Speaker 1: sustainability linked debt and the Reserve Bank of India award
Speaker 1: that failing to regulate cryptocurrencies could ignite the next financial crisis.
Speaker 1: The warning comes in light of the global cryptocurrency meltdown
Speaker 1: that led to billions of dollars being wiped out. And
Speaker 1: that's the Bloomberg and J. A. T. Stem report. Nathan,
Speaker 1: all right, Karen, thank you for coming up to sixty
Speaker 1: four on Wall Street. It's down time to check what's
Speaker 1: going on in d C, where this will be a
Speaker 1: historic day as President's lens give Ukraine comes to Washington,
Speaker 1: while President Biden offers billions more dollars and Patriot missiles.
Speaker 1: Also making news in the nation's capital, former President Trump's
Speaker 1: tax returns to be released after Democrats voted in that
Speaker 1: favor in the House, and the Biden administration urging the
Speaker 1: Supreme Court to allow pandemic border restrictions to end. Bloomber
Speaker 1: Government reporter Emily Wilkins was one of the reporters who
Speaker 1: actually broke the news that Zelenski will be coming to Washington,
Speaker 1: d C. Today, So pleased to say Emily is live
Speaker 1: with us now. Emily, good morning. Quite a message that
Speaker 1: this first trip outside Ukraine for Zelenski is to the
Speaker 1: nation's capital. I mean absolutely, Nathan, And of course it
Speaker 1: comes at the time as Congress is preparing to move
Speaker 1: this major spending bill with funding for Ukraine, and there
Speaker 1: Joe Biden is also going to unbuild nearly two billion
Speaker 1: dollars of assistance and announced a move to deliver a
Speaker 1: Patriot missile battery to help Ukraine folster its defenses this winter.
Speaker 1: And it's just showing right now the US is ongoing
Speaker 1: support of Ukraine. But of course, naedn we have heard
Speaker 1: lawmakers begin a number of them, particularly on the Republican side,
Speaker 1: to say that they are concerned about the amount of
Speaker 1: money that is going to Ukraine, that they think it
Speaker 1: should be better used to help them Americans. Uh, this
Speaker 1: is not a majority of Republicans. It is a minority
Speaker 1: at this point. But it'll be interesting to see how
Speaker 1: Zelenski's visit today, what he says, how he employs Congress
Speaker 1: who potentially set the stage for those future funding battles
Speaker 1: once Republicans have control of the House. It's interesting ahead
Speaker 1: of this visit, we're already getting reaction from the Kremlin
Speaker 1: spokesman Dmitri Peskoff is saying that the delivery in particular
Speaker 1: that we're expecting of Patriot missiles will only lead to
Speaker 1: an escalation of the conflict and saying that does not
Speaker 1: bode well for Ukraine. Could this visit potentially be a
Speaker 1: pivot point in the war? I mean, I think it
Speaker 1: really does remain to be seen exactly what impacts such
Speaker 1: a visit like this is going to have. It certainly
Speaker 1: sends a strong message about the US and Ukraine in
Speaker 1: the relationship between the two and House Speaker Nancy Pelosi,
Speaker 1: before she officially noticed everyone that this was going to happen,
Speaker 1: she sent out a message members being like, you should
Speaker 1: really make sure that you are here in person on
Speaker 1: Wednesday night. We're going to have something very special on democracy.
Speaker 1: And I think that's sort of the implications here the
Speaker 1: roots that you're going back to the sense that the US,
Speaker 1: you know, wants to support democracies, will continue to support
Speaker 1: Ukraine for as long as it takes for this invasion
Speaker 1: to be completed. And I know you've been following just
Speaker 1: how the logistics are going about to get Zelensky out
Speaker 1: of Ukraine into the US. What are you hearing about,
Speaker 1: what's allowing this trip even to go forward. I mean,
Speaker 1: it's definitely a lot of details for this flip trip
Speaker 1: have been very closely held. It's going to not be
Speaker 1: a very long trip. We know that, you know he's
Speaker 1: it was announced yesterday, uh evening, about twenty four hours
Speaker 1: before he's going to come. And usually when you have
Speaker 1: something like that, yes, like it's a high security, high risk,
Speaker 1: many details. And Zelenski he hasn't left Ukraine really since
Speaker 1: he began. He's addressed Congress virtually from Ukraine, but he
Speaker 1: has very much been there. He did tweet that he
Speaker 1: was on the way to the US to strengthen resilience
Speaker 1: and defense capabilities and that he and Biden with discuss
Speaker 1: cooperation between the Ukraine and the US. Now, the other
Speaker 1: big stories if that weren't enough of a big story
Speaker 1: in Washington, d C. We're waiting to get the public
Speaker 1: release of former President Donald Trump's tax returns. This is
Speaker 1: something that the former president has literally been fighting for
Speaker 1: years to avoid. Yes, and Democrats are getting it right.
Speaker 1: Is there about to lose control of the House to Republicans,
Speaker 1: so they had to move on this. Although some Democrats
Speaker 1: are upset about how long it has taken, but the
Speaker 1: big music, of course, yesterday Committee voted to release Donald
Speaker 1: Trump tax information to the public, and the three years
Speaker 1: saga over this fight UM and where the Committee voted,
Speaker 1: we are going to see some redactions being made, so
Speaker 1: the documents aren't going to be coming out right away,
Speaker 1: but it's going to bring into some questions of several
Speaker 1: things that Trump has done with his taxes, UM, the
Speaker 1: validity of several deductions that Trump has trying to make
Speaker 1: unsubstantial charitable donations, and of course I think something a
Speaker 1: lot of folks have been interested in how his businesses
Speaker 1: are doing and how many taxes did he pay UM,
Speaker 1: And certainly those are all questions that that people are
Speaker 1: going to be paying a close attention to. UM. But
Speaker 1: it'll be interesting to see what Republicans do once they
Speaker 1: get into the majority in the House next year. Kevin Brady,
Speaker 1: who's retiring but is currently the committee's top Republican, said
Speaker 1: that Democrats are making a mistake releasing the tax returns,
Speaker 1: and this is a precedent that gives Republicans a lot
Speaker 1: more room to go after and to look at what
Speaker 1: Biden and future Democratic presidents do. All right, So we'll
Speaker 1: be looking for those fuller details, and of course we'll
Speaker 1: be watching very closely later on this afternoon when we
Speaker 1: do expect the arrival first time outside the country for
Speaker 1: Ukrainian President Vladimir's lenskin. He's going to be spending a
Speaker 1: few hours today in Washington, d C. Lots for Bloomberg
Speaker 1: government reporter Emily Wilkins. To keep an eye on Emily.
Speaker 1: As always, thank you for the update, and you can
Speaker 1: read more at Bloomberg dot com or on the Bloomberg terminal.
Speaker 1: Follow all the latest on Bloomberg Radio in Washington. There
Speaker 1: could be a lot of details coming out from there
Speaker 1: on Bloomberg and one oh five point seven FM HD two.
Speaker 1: Head of the market open futures are pointing to a
Speaker 1: higher open, with SMP futures up nineteen point, staff futures
Speaker 1: up two nine and NASDAC futures right now higher by
Speaker 1: thirty nine points ten. Your treasury is up one thirty second,
Speaker 1: the yield three point six seven percent yield on the
Speaker 1: two year four point to two percent. Nim X screwed
Speaker 1: higher by one point six percent at seventy seven dollars
Speaker 1: forty eight cents of barrel, and just taking a look
Speaker 1: at the end. Now it's slightly weaker against the dollar
Speaker 1: after the big surge. The Bank of Japan moved training
Speaker 1: right now one point eight six. This is Bloomberg Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, The Bloomberg Business at End at Bloomberg
Speaker 1: Quick Tape. He's a Bloomberg Business Flash and I'm Karen Moscow.
Speaker 1: This update brought to you by Innovation and Refunds. Your
Speaker 1: business may be eligible to receive a payroll tax refund.
Speaker 1: The application takes around eight minutes eight minutes or less
Speaker 1: to see if you're small to medium sized business may
Speaker 1: be eligible for a refund of up to twenty six
Speaker 1: thou dollars per employee kept on the payroll during the pandemic.
Speaker 1: Find out at get refunds dot com. Watching shares a
Speaker 1: Nike this morning, there have more than twelve and a
Speaker 1: half percent after it posted another quarter of inventory build up,
Speaker 1: but quarterly sales exceeded. While street estimates, futures are higher.
Speaker 1: SMP futures have eighteen points or half percent, DAL futures
Speaker 1: up two dy nine points or seven tenths of uppercent
Speaker 1: NASDACK futures have thirty five points or three tents of
Speaker 1: uppercent and the tenure treasury that will change at three
Speaker 1: point six eight percent, and they yield on the two
Speaker 1: year four point to three percent. And that's a Bloomberg
Speaker 1: business flash. Now here's Michael Barr with more on what's
Speaker 1: going on around the world. Michael Karen, thank you very much.
Speaker 1: A House committee voted to release former President Trump's tax
Speaker 1: returns to the public. So far, we have learned of
Speaker 1: dozens of audit triggers. According to Congress's top nonpartisan tax lawyers,
Speaker 1: there are questionable private jet expenses and large, unsubstantiated charitable deductions.
Speaker 1: Ukrainian President Voladimir z Lensky heads to Washington for his
Speaker 1: summit with President Joe Biden to address Congress today. In
Speaker 1: the NBA, the next beat the Warriors one thirty two
Speaker 1: ninety four. The Wizards won in the NHL, the Rangers
Speaker 1: and Devils lost. In baseball, Carlos Corea has reportedly signed
Speaker 1: with the Mets in the twelve year, three hundred fifteen
Speaker 1: million dollar deal. Global News twenty four hours a day
Speaker 1: on here and on Bloomberg quick Take, powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. I'm Michaelabar. This is Bloomberg, NA. Thanks Michael.
Speaker 1: At six twenty three on Wall Street. I'm Nathan Hagar.
Speaker 1: This is Bloomberg Daybreak on what will be a historic
Speaker 1: day in the nation's capital with President Vlada Merrit Zelensky
Speaker 1: of Ukraine heading to Washington. I want to get more
Speaker 1: now on this. We're joined live by Lindsay Newman. She's
Speaker 1: the executive director of Economics and Country Risk at SMP
Speaker 1: Global Market Intelligence. Lindsay, good morning. This visit is going
Speaker 1: to be dramatic, I'm sure, only for a few hours
Speaker 1: in the nation's capital, and it's coming at a time
Speaker 1: when the support for Ukraine, particularly from Congress, maybe a
Speaker 1: little bit shaky. Is that part of the reason why
Speaker 1: President Zelenski is making this trip. Good morning, Nathan, and
Speaker 1: thank you for having me on. I couldn't agree more
Speaker 1: that this is a historic moment. We we really cannot
Speaker 1: overstate the significance of this trip. We've all seen and heard.
Speaker 1: Of course President Zelinsky make addresses before the UN Security Council,
Speaker 1: of the European Parliament and even US Congress, but today
Speaker 1: he will actually be there in person. It's the first
Speaker 1: time he will have less physically less Ukraine since Russia
Speaker 1: invaded on the death We've now just crossed through the
Speaker 1: day mark into the conflict, and that's really what the
Speaker 1: trip is about. It's ensuring that the US and Ukraine
Speaker 1: remain united. That's what Biden's message will be. The Lensky's
Speaker 1: message is of course going to be about resources and
Speaker 1: and support. So unity but in the form of resources
Speaker 1: and support. And we're hearing anything that this comes with
Speaker 1: Biden's expecting to announce an additional two billion insecurity assistance
Speaker 1: to Ukraine during the visit itself. What what's the level
Speaker 1: of support that you're forecasting from the US for Ukraine
Speaker 1: going forward when we do have a new Congress coming in,
Speaker 1: a new Republican majority in the House of Representatives. Biden's
Speaker 1: message has been that America will be there for Ukraine
Speaker 1: for as long as it as long as it takes.
Speaker 1: This is what they this is what the White House
Speaker 1: was saying just yesterday, and it's pre meeting notes. So
Speaker 1: from the top, the ambition, the intention is to remain
Speaker 1: committed to Ukraine's as long as it takes. There is
Speaker 1: a sense from the administration that this remains a bipartisan support. Sure.
Speaker 1: Right before the election, we saw, for example, um, some
Speaker 1: some Republicans suggesting that they could rethink funding for for
Speaker 1: Ukraine should they win Congress, that win in both the
Speaker 1: House and then and of course we know where the
Speaker 1: election lands. But since then there has been this committed commitment,
Speaker 1: this commitment to bipartisan support, and we have of course
Speaker 1: the funding bill, the omnibus bill that was proposed UM
Speaker 1: and released revealed yesterday, which would include forty five billion
Speaker 1: and an additional aid for Ukraine and Bernato as part
Speaker 1: of the one point six five spending utrillion spending bill
Speaker 1: for fiscal Of course, that will require bipartisan support, which
Speaker 1: remains to be seen. UM. And we are in the
Speaker 1: moment of the Lane Duck session, just about thirty seconds
Speaker 1: left here, lindsay, could the delivery of Patriot missile, something
Speaker 1: that the Ukrainian president has been asking for for mon
Speaker 1: be a pivot point in this war. It's a it's
Speaker 1: a great question, I mean, V. Lindsey has been asking
Speaker 1: for this, and now we are hearing that, in fact
Speaker 1: the Biden administration is going to deliver on on those
Speaker 1: on those Patriot missiles. They will come with training, and
Speaker 1: the US remained committed to increasing the training four troops
Speaker 1: who are going to need to be able to deploy
Speaker 1: and use that mental Thank you, Lindsey, good having you
Speaker 1: on with us this morning. Lindsay Newman, Executive director of
Speaker 1: Economics and Country Risk at SMP Global Market Intelligence. Again,
Speaker 1: we are expecting President Zelensky of Ukraine to arrive in
Speaker 1: Washington this afternoon. Stay with Bloomberg Radio for frequent updates
Speaker 1: and full coverage of the Ukrainian president's day in the
Speaker 1: nation's capital. Now, let's get a look at the Bloomberg
Speaker 1: Weather forecast. I pressures in control of weather across the
Speaker 1: Tristate area. Today, We'll have partial sunshine in the b
Speaker 1: forty will clad up tonight THTT five. Big storm to
Speaker 1: our west sends rain our way. Tomorrow after noon it'll
Speaker 1: be breezy, fifty to fifty five, rain heavy at times,
Speaker 1: wendy Tomorrow night alow a fifty. The rain ends Friday afternoon,
Speaker 1: windyhisner fifty five. Temperatures fall through the afternoon Friday, then
Speaker 1: cold for the Christmas weekend. I'm Rob Caroline with your
Speaker 1: three day forecast on Bloomberg eleven three oh broadcasting live
Speaker 1: from the Bloomberg Interactive Broker studio in New York. Bloomberg
Speaker 1: even freed to Washington, d C. Bloomberg on to Boston
Speaker 1: Bloomberg one oh six, one, to San Francisco, Bloomberg nine
Speaker 1: sixty to the country Sirius XM chad A one nineteen
Speaker 1: and around the globe the Bloomberg Business app and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. Now we're coming
Speaker 1: up to six thirty on Wall Street. Good morning, I'm
Speaker 1: Nathan Hagar and I'm Karen Moscow. We are just about
Speaker 1: three hours away from the open of US trading. Time
Speaker 1: for the five things you need to notice our your
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Speaker 1: Advisers switched to Interactive Brokers for lowest cost global trading
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Speaker 1: slash r i A first Ukrainian President, Vladimir's A. Lensky,
Speaker 1: is leaving Ukraine for the first time since Russia's invasion
Speaker 1: to address Congress in person in the nation's capital. Bloomberg
Speaker 1: Government reporter Jack Fitzpatrick says it's a big moment in
Speaker 1: the debate over aid to the country. There have been
Speaker 1: some questions about really where House Republicans come down in
Speaker 1: the firmness of their support for Ukraine. To have a
Speaker 1: joint addressed to Congress and in person addressed especially, would
Speaker 1: be a very significant moment at a pivotal time, because
Speaker 1: these kinds of agreements are going to be a bit
Speaker 1: more difficult when it's a Republican House and a Democratic Senate.
Speaker 1: Bloomberg Government's Jack Fitzpatrick reports at President Biden plans to
Speaker 1: announce two billion dollars in assistance to Ukraine. The meantime,
Speaker 1: Karen a House committee has voted to officially release former
Speaker 1: President Donald Trump's tax information to the public. The actual
Speaker 1: returns will come out of a few days. The analysis
Speaker 1: so far shows Trump used questionable deductions and aggressive tax
Speaker 1: strategies to minimize his bills. On Outo Elon Musk Nathan,
Speaker 1: the head of Twitter, says he'll step down as CEO
Speaker 1: when a replacement is found, and this comes as the
Speaker 1: FTC deepens its investigation into Twitter's use of user data.
Speaker 1: And there's more news from another Musk company, Karen Electric
Speaker 1: Vehicle website Electric tweeted this morning that Tesla is implementing
Speaker 1: a hiring freeze and a new round of layoffs, and
Speaker 1: the extradition of Sam Bankman, freed from the Bahamas is
Speaker 1: picking up steam. Nathan, the FDx co founder, could be
Speaker 1: making his way a state side today Bloomberg Steve Rappaport
Speaker 1: joins US Live with more. Steve, good morning, Good morning
Speaker 1: Karen and Nathan. FBI agents are expected to escort Sam
Speaker 1: Bankman freed on a private flight back to the US
Speaker 1: after he signs a waiver of extradition in court. Yesterday,
Speaker 1: Bankman Freed signed his surrender documents, paving the wake of
Speaker 1: the disgraced ft X founder to return. SPF has been
Speaker 1: held at the notorious Fox Hill Prison on the outskirts
Speaker 1: of Nassaustin's. The judge denied his request for bail. The
Speaker 1: possibility of making b here reportedly played a role in
Speaker 1: his decision to no longer contest extradition. Live in New York,
Speaker 1: I'm Steve Rappaport, Bloomberg Daybreak. All right, Steve. Thanks. As
Speaker 1: for markets, European stocks are advancing along with US futures.
Speaker 1: Yesterday I saw the SNP five clothes higher for the
Speaker 1: first time in four sessions, and the end is studying
Speaker 1: against the dollar after this week's move from the bank
Speaker 1: in Japan. Right now the Japanese currency is at one
Speaker 1: thirty one point nine four against the dollar. And that's
Speaker 1: the five things you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers. And again, futures are
Speaker 1: on the rise this morning. SMP futures up about eighteen
Speaker 1: points or half percent. DAL futures have two hundred twenty
Speaker 1: seven points or seven tenths of a percent, and NASDAG
Speaker 1: futures have thirty five points or three tenths of a percent.
Speaker 1: Straight ahead, we have your latest to local headlines, plus
Speaker 1: a check of sports. And this is Bloomberg. Thank you,
Speaker 1: Karen six thirty one on Wall Street. And Michael bar
Speaker 1: is here with war on what's going on in New
Speaker 1: York and around the world. What do my call? Morning, Nathan.
Speaker 1: New York City police are investigating an apparent accident that
Speaker 1: happened in the subway in Manhattan. Authorities say the victims
Speaker 1: of forty four year old man and a sixty three
Speaker 1: year old woman had been hit by an L train
Speaker 1: but the conductors of two subsequent trains did not notice
Speaker 1: the victims and also struck them. This woman was at
Speaker 1: the Sixth Avenue stop. New Yorkers were tough. We don't
Speaker 1: care a lot about but it's like sometimes, you know,
Speaker 1: it takes a little time just to like pay attention
Speaker 1: to something. Officials don't believe the victims were connected, and
Speaker 1: mt A agent shot a man who was following him
Speaker 1: and his work partner to a Brooklyn subway station last night.
Speaker 1: According to ABC seven, it's believed the on duty agent
Speaker 1: was guarding his partner, who was removing money from a
Speaker 1: machine at the Atlantic Avenue Barclay Center station when the
Speaker 1: incident occurred. A last minute plea from New York City
Speaker 1: Mayor Eric Adams as holiday travelers continued to arrive, even
Speaker 1: as flu, RSV and COVID cases continued to rise nationwide
Speaker 1: this year, particularly around the flu. From the from the
Speaker 1: briefing we receive, the numbers are higher than this traditionally
Speaker 1: is around this year, and when you combine it with
Speaker 1: the other elements that we're facing, the other rs VS,
Speaker 1: COVID nineteen and just make it extremely challenging for New
Speaker 1: York Mayor Adams encourages people to mask up and crowded places.
Speaker 1: The Taliban has renegged on a promise they made when
Speaker 1: they took over Afghanistan in August of last year. They
Speaker 1: now say women will no longer be allowed to attend
Speaker 1: public or private universities. The State Department's ned price. The
Speaker 1: Taliban made promises to the people of Afghanistan and to
Speaker 1: the international community that schools would reopen. They claimed that
Speaker 1: this was a matter of procedures and arrangements and would
Speaker 1: be quickly reversed. Now we hear the opposite Global News
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more than twenty seven journalists and
Speaker 1: analysts more than a d twenty countries. Michael bar this
Speaker 1: is Bloomberg, Nathan, Thanks Michael. Six thirty three on Wall
Speaker 1: Street time for the Bloomberg Sports out Day. Brozili Trice
Speaker 1: stayed out here again is Sean sta Thanks Nathan. To
Speaker 1: think that the Mets under previous ownership were always considered
Speaker 1: to be cheap, not anymore, And I was Steve Cohen.
Speaker 1: They were already looking at a payroll of about three
Speaker 1: hundred and sixty million dollars. They had shelled out a
Speaker 1: ton of money this offseason, keeping free agents Edwin Diez
Speaker 1: and Brandon Nimo, adding Justin Verlander and five others, and
Speaker 1: now they're adding Carlos Korea. He is not going to
Speaker 1: the Giants, as had been announced last week in apparent
Speaker 1: dispute over Korea's physical There was a prescott fence scheduled
Speaker 1: in San Francisco yesterday it got canceled. Coreas coming to
Speaker 1: the Mets twelve years, three hundred and fifteen millions. Close
Speaker 1: friends with Mets, George stop Francisco. The door the plane
Speaker 1: is to move to Korea at the third base. It's
Speaker 1: kind of like what the Yankees did back in the
Speaker 1: day with Alex Rodriguez. Matt Carpenter had some Yankee heroics
Speaker 1: this past season. He signed with San Diego. Forty two
Speaker 1: year old billionaire Matt Eshiba has a deal to buy
Speaker 1: the Phoenix Suns had the w NBA Mercury for four
Speaker 1: or billion dollars at the Garden next made at eight
Speaker 1: wins in a row, easily over Golden State one thirty
Speaker 1: two to ninety four. Emmanuel quickly off the bench for
Speaker 1: a team I twenty two points. Jalen Brunson scored twenty
Speaker 1: one Grimes nineteen r J. Barrett eighteen. Other home game
Speaker 1: tonight against Toronto Rangers. Seven game win streak ended in
Speaker 1: Pittsburgh three to two. Chris Cryer both the Ranger goals.
Speaker 1: The Slumpy Devils lost to Carolina four to one. Seaton
Speaker 1: Hall lost a Xavier Mike White injured ribs will keep
Speaker 1: him out Tomorrow MetLife against Jacksonville, so it'll again be
Speaker 1: Zack Wilson as the Jets quarterback. Big Game Saturday, Philadelphia,
Speaker 1: Dallas and the Eagles are not ruling out gb Jalen
Speaker 1: Hurts despite his injured shoulders. Johns Dashower, Bloomberg Sports Nathan
Speaker 1: brought to you by Audie. Don't let someone else drive
Speaker 1: off in the Outie model you've always wanted. Visit your
Speaker 1: local Tri state autie dealer to get behind the wheel
Speaker 1: of yours today, or visit Outie Offers dot com for
Speaker 1: more information on Wall Street. Bloomberg Radio is on the
Speaker 1: air from San Francisco to New York, London to Hong Kong.
Speaker 1: Let's check in with our global news team for some
Speaker 1: of the top story He's heard on our three hundred
Speaker 1: affiliate radio stations. Around the world. Um Courtney Donaho on
Speaker 1: wh S and Wullsville pricing priests helping FedEx deal with
Speaker 1: the Define and package volumes. I'm Stephen Carol and Bloomberg
Speaker 1: DAB Radio and London. We've been reporting on Ukraine's president
Speaker 1: heading to Washington for his first trip outside the country
Speaker 1: since the Russian invasion began. I'm Steve Podas Scott a
Speaker 1: m X in Los Angeles. We're talking about a report
Speaker 1: that Netflix maybe next on Microsoft's takeover Radar, I mean
Speaker 1: Cory on w w J in Detroit. I'm reporting General
Speaker 1: Motors was recalling about one thousand Chevy boll And. Those
Speaker 1: are some of the stories our hundred Bloomberg journalists and
Speaker 1: analyst are working on this morning, around the world at
Speaker 1: six thirty six on Wall Street. The following is an
Speaker 1: editorial from Bloomberg Opinion. This editorial was written by the
Speaker 1: Bloomberg Editorial Board. This week, the House committee investigating the
Speaker 1: January six riot referred former President Donald Trump for criminal prosecution.
Speaker 1: It was an unsurprising move, but lamentable. Nonetheless, there's no
Speaker 1: question that the committee, made up of seven Democrats and
Speaker 1: two Republicans, found evidence that Trump behaved abominably that day.
Speaker 1: By any standard, his actions were in affront to the
Speaker 1: Constitution and to the rule of law. Yet whether they
Speaker 1: merit criminal prosecution is another matter. The referral risks elevating
Speaker 1: Trump in the eyes of Republican voters and a moment
Speaker 1: when many seem prepared to cast him aside. The House
Speaker 1: Committee has done an admirable job of documenting Trump's reprehensible
Speaker 1: conduct on January six. The faster the country can put
Speaker 1: those sordid events in the past, the better. This editorial
Speaker 1: was written by the Bloomberg Editorial Board. For more Bloomberg opinion,
Speaker 1: please go to Bloomberg dot com, slash Opinion or O
Speaker 1: P I N go on the Bloomberg terminal. This has
Speaker 1: been Bloomberg opinion, and you can hear Bloomberg opinion commentaries
Speaker 1: every weekday. At this time, terminal customers can read more
Speaker 1: at O P I n go. Watching shares of Nike
Speaker 1: this warning they are on the rise after the retail
Speaker 1: giant reported robust sales and a sustained inventory Pollo. That's
Speaker 1: that very well with investors. NIKEE shares are hired by
Speaker 1: almost percent in early trading, and a Google's YouTube is
Speaker 1: an advanced talks with the NFL about an exclusive deal
Speaker 1: for its Sunday ticket subscription service. That's according to a
Speaker 1: report in The Wall Street Journal today. A separate report
Speaker 1: stay negotiations for Sunday football games came down to Amazon
Speaker 1: and YouTube. Of course, Amazon has already got the rights
Speaker 1: to the Thursday night games. Now looks like YouTube is
Speaker 1: gonna get the shot to snag Sundays and give sports
Speaker 1: fans yet one more reason to cut the cord. SFP
Speaker 1: futures are higher by nineteen points, staff futures of two
Speaker 1: or forty three, nastack futures higher by thirty seven points.
Speaker 1: You're listening to Bloomberg Daybreak live from the Bloomberg Interactive
Speaker 1: Burger Studios. This is Bloomberg day Break for Wednesday, December
Speaker 1: twenty one. Coming up this hour. Ukraine's resident heads to
Speaker 1: Washington in his first trip outside the country since Russia's invasion,
Speaker 1: votes to release former President Trump's tax returns, Sam Bankman
Speaker 1: freed readys for extradition to the US, and Elon Musk
Speaker 1: seeks a replacement as Twitter CEO. The NYPD says two
Speaker 1: people are dead in an apparent subway accident, plus New
Speaker 1: York Mayor Adams has spread the love, not the virus
Speaker 1: during the holidays. I'm Michael Blarer More, I'm John stash
Speaker 1: Howard sports donning baseball news. Carlos Garreya changed his mind.
Speaker 1: He's stunning with the Mets. The next one the Rangers,
Speaker 1: and Devil's Law. That's all s train ahead on Bloomberg
Speaker 1: Daybreak on Bloomberg eleven Free on New York Bloomberg one,
Speaker 1: Washington d C, Bloomberg one oh six one, Boston Bloomberg
Speaker 1: nine sixties and Francisco Sirius x M one nineteen and
Speaker 1: around the world on Bloomberg Radio dot com and via
Speaker 1: the Bloomberg Business App. Good morning, I'm Nathan Hagart and
Speaker 1: I'm or in Moscow and US not Index futures are
Speaker 1: higher this morning. We check the markets all day long
Speaker 1: here at Bloomberg, with SNP futures up about nineteen points
Speaker 1: or half percent of futures up two D nineteen or
Speaker 1: seven tenths of upper set, and ASTACK futures of forty
Speaker 1: two or four tenths of upper set. DAX in Germany's
Speaker 1: up six tenths of upper cent and the tend your
Speaker 1: treasury little change Yell three point six eight percent, they
Speaker 1: yield on the two years at four point to three percent,
Speaker 1: and Nimex screwed oil is up nine tenths percent at
Speaker 1: seventy six dollars five cents of barrel. Nathan, all right, Karen,
Speaker 1: we'll get back to markets in a moment, but we
Speaker 1: begin with a couple of major stories in politics. First,
Speaker 1: Ukrainian President Voladimir z Lensky is leaving Ukraine for the
Speaker 1: first time since Russia's invasion. He'll address Congress in person
Speaker 1: in the nation's capital. Bloomberg Government reporter Jack Fitzpatrick says
Speaker 1: it is a big moment in the debate over aid
Speaker 1: to the war torn country. It's the big deal. There
Speaker 1: have been some questions about really where House Republicans come
Speaker 1: down in the firmness of their support for Ukraine. To
Speaker 1: have a joy addressed to Congress and in person addressed especially,
Speaker 1: would be a very significant moment at a pivotal time,
Speaker 1: because these kinds of agreements are going to be a
Speaker 1: bit more difficult when it's a Republican House and a
Speaker 1: Democratic Senate. So any sort of show of unity with
Speaker 1: him there would be a very significant thing. The Bloomberg
Speaker 1: government's Jack Fitzpatrick reports President Biden will also announce an
Speaker 1: additional two billion dollars in assistance and moves to deliver
Speaker 1: Patriot missile batteries to Ukraine. Meantime, Nathan Donald Trump's tax
Speaker 1: returns are back in focus. A House committee is voted
Speaker 1: to officially release the former president's tax information to the public,
Speaker 1: and Bloomberg's Amy Morris says the details from our studios
Speaker 1: in Washington. The Houseways and Means Committee signed off on
Speaker 1: a motion to release Trump's tax returns to the House
Speaker 1: of Representatives. Chairman Richard Neil says personal information will be redacted.
Speaker 1: This was not about being punitive, it was not about
Speaker 1: being malicious, and there were no leaks from the committee.
Speaker 1: The analysis found Trump was able to use questionable deductions
Speaker 1: and aggressive tax strategies to minimize his tax bills, and
Speaker 1: that the I r S did not audit Trump for
Speaker 1: two years while he was in office, despite a program
Speaker 1: that makes the auditing of sitting president's mandatory. Republicans say
Speaker 1: releasing the information sets a dangerous precedent in Washington. I'm
Speaker 1: anymore as Bloomberg Daybreak, right, Amy, thank you. Now, let's
Speaker 1: turned to Elon Musk and the latest in his sanka
Speaker 1: as head of Twitter. Musk now says he will step
Speaker 1: down a CEO and a replacement is found, Bloomberg said,
Speaker 1: backs to reports. This comes as the FTC deepens its
Speaker 1: investigation into Twitter's use of user data. The Federal Trade
Speaker 1: Commission has interviewed two former senior executives of Twitter already
Speaker 1: regarding privacy and data security. Now practices is the issue,
Speaker 1: and whether it's complying with a twenty eleven consent order.
Speaker 1: Since Ellen Musk has taken over, the FTC has shown
Speaker 1: it as not afraid to levy hefty fines. It did
Speaker 1: find Facebook a record five billion dollars over the Cambridge
Speaker 1: Analytica data scandal. This can't be welcome news from Musk,
Speaker 1: who has fired many of his oversight team and attorneys. Musk,
Speaker 1: by the way, says he will oversee of the software
Speaker 1: and servers teams in San Francisco. I'm at Baxter Bloomberg
Speaker 1: daybreak right and thanks well. As a turmoil at Twitter continues,
Speaker 1: Tesla shares are declining and ARC Investment CEO Cathy Wood
Speaker 1: is scooping them up. Exchange traded funds backed by ARC
Speaker 1: bought slightly more than four D forty five thousand shares
Speaker 1: of the company since early October. This is the first
Speaker 1: quarter in seven at Arc has been a net buyer
Speaker 1: of Tesla and right Now shares her up two percent
Speaker 1: in early trading. Returning from Crypto Now from Twitter Now
Speaker 1: to Crypto Karen, Let's get the latest on Sam Bankman Free,
Speaker 1: the f t X co founder, could be making his
Speaker 1: way stateside from the Bahamas as soon as today, and
Speaker 1: Bloomberg Steve Rappaport joins US Live with that Good morning, Steve,
Speaker 1: Good morning, Nathan and Karen. SPF is halfway through the
Speaker 1: process of returning to the US, having signed his surrender documents.
Speaker 1: According to the Islands Acting Commissioner of Corrections, today Bankman
Speaker 1: Freed will sign a waiver of extradition before FBI agents
Speaker 1: are expected to take him away on a private flight.
Speaker 1: Bankman Freed initially vowed to fight extradition to the US
Speaker 1: to face fraud and other charges related to the collapse
Speaker 1: of his crypto firm. The change of heart tied in
Speaker 1: part to the possibility of getting released on bail. Here
Speaker 1: Live in New York Time Steve Rapp Report, Bloomberg Day
Speaker 1: Break All right, Steve, Thanks so taking a look at
Speaker 1: markets now. European shares are advancing alongside US stock index futures.
Speaker 1: Yesterday saw the S and P five hundred clothes higher
Speaker 1: for the first time in four sessions. Equities have been
Speaker 1: on a recent sched due to concerns of our central
Speaker 1: bank tightening. Yeah. Speaking of central banks, Karen, this week's
Speaker 1: move from the Bank of Japan continues to reverberate. The
Speaker 1: end is steady this morning after yesterday's strong move, which
Speaker 1: saw the currency strengthen the most since. Takeing a look
Speaker 1: at the end right now, it's at one one point
Speaker 1: seven six against the dollar. Bloomberg Opinion columnists muhammadhil Arian
Speaker 1: says the BOJ move provides some stability, but also carries risk.
Speaker 1: This is the spectables normalization. The good news for them
Speaker 1: is I think that can control the process. That's actually
Speaker 1: good news for global markets because it doesn'tenforce selling by
Speaker 1: Japanese institutions. However, over time even this approach becomes unsustainable.
Speaker 1: Bloomberg Opinion colum miss muhammadal Arean expects a slow exit
Speaker 1: from what he calls the b o J is unsustainable
Speaker 1: policy regime. Let's sturn to China. Now, Nathan has continued
Speaker 1: pivot away from COVID zero policy. Chinese workers of mild
Speaker 1: COVID are now being told to go back to work
Speaker 1: in some cities. This is Chinese officials seek to limit
Speaker 1: the economic impact of an explosion in cases Beijing. Shift
Speaker 1: from COVID zero has been accompanied by a wave of
Speaker 1: infections in major urban centers across the country. Again, futures
Speaker 1: are on the rise this morning. S and P futures
Speaker 1: up about twenty points or half percent. OW futures up
Speaker 1: two D twenty nine points or seven tenths of a percent.
Speaker 1: NASAC futures up forty seven points or four tenths of
Speaker 1: a percent. The euro one point six one seven against
Speaker 1: the dollar. This morning, and straight ahead, we have your
Speaker 1: latest local headlines, plus a check of sports, and this
Speaker 1: is Bloomberg. Thank you. Karen At six oh seven on
Speaker 1: Wall Street. We're twenty eight degrees in Central Park. Going
Speaker 1: to be sunny again today with a high near forty,
Speaker 1: but get ready for some heavy rain to and the week.
Speaker 1: Now's bringing Michael Barr with more on what's going on
Speaker 1: in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. NYPD officials are investigating an apparent deadly
Speaker 1: accident that took place in the subway in Manhattan. Two
Speaker 1: people were run over by several l trains yesterday. The
Speaker 1: victims were a forty four year old man and a
Speaker 1: sixty three year old woman. It left several horrified commuters
Speaker 1: in their wake. This woman saw the bodies at the
Speaker 1: sixth Avenue stop at the time. I told some guy
Speaker 1: that was waiting for the chain across to me, I'll
Speaker 1: make this too. Their bodies on there. He was like,
Speaker 1: you're kidding, and I said, no, Look, you're stepping in blood.
Speaker 1: Officials are still investigating how the bodies ended up on
Speaker 1: the tracks, but say they don't believe the victims were
Speaker 1: connected and their deaths don't appear to be a crime.
Speaker 1: A last minute plea from New York City Mayor Eric
Speaker 1: Adams as holiday travelers continue to arrive, even as flu
Speaker 1: RSV and COVID nineteen cases continue to rise nationwide, Adams
Speaker 1: encouraged New Yorkers to remain vigil One of the risks
Speaker 1: of these respiratory infections now under winter. How do we
Speaker 1: enjoy the holidays and spread love without spread into virus
Speaker 1: and we could have that combination. Mayor Adams encourages New
Speaker 1: Yorkers to be sure they test before gatherings and consider
Speaker 1: masking up and crowded places. A winter storm is sitting
Speaker 1: the nation at the height of holiday travel. Bloomberg meteorologist
Speaker 1: Rob Caroline as the latest Michael some of the coldest
Speaker 1: weather we've seen in forty years now starting to work
Speaker 1: its way into the northern Plain States. Temperatures from northern
Speaker 1: Montana into North Dakota are well below zero this morning.
Speaker 1: That air is going to be headed southward. It's gonna
Speaker 1: move down towards the Gulf of Mexico, affect Texas and
Speaker 1: much of the century United States by the end of
Speaker 1: the week, and will also affect the western Gulf Coast.
Speaker 1: Out ahead of this cold there, over the next thirty
Speaker 1: six hours, we'll see a big storm develop. It will
Speaker 1: go up through the central Great Lakes. That's going to
Speaker 1: produce a very significant snowstorm across parts of the central
Speaker 1: United States, with blizzard conditions possible around the Chicago Millwalk areas,
Speaker 1: also across western Michigan. It's gonna cause quite a bit
Speaker 1: of rain and wind. Out ahead of the storm, will
Speaker 1: see that effect portions of the mid Atlantic States in
Speaker 1: the Northeast as we head through Friday, so travel will
Speaker 1: be very difficult in the Northeast and Midwest on Friday.
Speaker 1: Michael rob Thank you, sir. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quick Take, powered
Speaker 1: by more than twenty seven hundred journalist and analysts more
Speaker 1: than twenty countries. Michael bar this is Bloomberg Naked. Thank you,
Speaker 1: Michael six o nine on Wall Street Time for the
Speaker 1: Bloomberg Sports Update, brought to you by tri State out
Speaker 1: of her John Stotshow. All right, Nathan, the amazing Mets.
Speaker 1: Just when you thought their free agent spending spree was over,
Speaker 1: came the stunning news earlier this morning that the Mets
Speaker 1: are now at in Carlos, Korea. He had agreed last
Speaker 1: week to a thirteen year deal with the San Francisco Giants.
Speaker 1: A press conference was to take place yesterday at got Post.
Speaker 1: Bote reportedly difference of opinion about the result of Korea
Speaker 1: is physical. The Mets swooped in, got him for twelve years,
Speaker 1: three hundred and fifteen million. He's always been a short stop,
Speaker 1: but plan is to move Kara at the third base.
Speaker 1: The Mets have now guaranteed eight hundred million dollars just
Speaker 1: in free agents spending this offseason. Justin Verlander will make
Speaker 1: forty three million a year. He was at City Field
Speaker 1: and talk about coming to New York. They lived in
Speaker 1: New York for an off season. UM. I love the
Speaker 1: vibe here, I love the city, I love the people.
Speaker 1: And to have the opportunity to to come pitch in
Speaker 1: the city, Um is something that I think I've I've
Speaker 1: always wanted the chance to do. Aaron Judge press conferences
Speaker 1: today in the Bronx. Will we invest to see if
Speaker 1: the Yankees announced that Judge will become the team captain.
Speaker 1: At the Guarden blowout win for the Knicks over injury
Speaker 1: Riddle Golden Stain one thirty two to ninety four, and
Speaker 1: the Knicks and one eight in a row, and they
Speaker 1: host Toronto tonight. The Warriors played tonight in Brooklyn. The
Speaker 1: Rangers were going for an eighth grade win and Chris
Speaker 1: Cryder scored twenty two seconds in but Pittsburgh one three
Speaker 1: to two. The Devils, who were earlier this season had
Speaker 1: a thirteen game win its dread and now lost their
Speaker 1: last six Seaton Mike Carolina four to one. Seaton Hall
Speaker 1: lost at Xavier. Also in the Big East, Yukon beat Georgetown.
Speaker 1: The Huskins are thirteen and oh their number two in
Speaker 1: the country. The Jets hoast Jacksonville tomorrow and Zach Wilson
Speaker 1: will again be the Jets starting quarterback that is still
Speaker 1: injured Mike white Stack. When Bloomberg Sports, Thank you John,
Speaker 1: and the Bloomberg Sports Report was brought to you by Audie.
Speaker 1: Don't let someone else drive off in the Audi model
Speaker 1: you've always wanted. Visit your local try state autie dealer
Speaker 1: to get behind the wheel of yours today, or visit
Speaker 1: autie offers dot com for more information. Up next, we'll
Speaker 1: get the latest on President Zelenski's trip to Washington, d C.
Speaker 1: First SMP futures are on the rise this morning by
Speaker 1: twenty points. Staff futures have tuned to thirty nine. NASDAC
Speaker 1: futures are higher by forty eight points now. The tenure
Speaker 1: Treasury is little changed, yield three point six seven percent,
Speaker 1: two year yield four point to three percent. Looking at
Speaker 1: the long bond, that's little changed as well, at three
Speaker 1: point seven three Live from coast to coast, from New
Speaker 1: York to San Francisco, Boston to Washington, d C. Nationwide
Speaker 1: on Sirius Examp, the Bloomberg business appened. Bloomberg dot Com.
Speaker 1: This is Bloomberg Daybreak. Morning up, Nathan Hagar. We are
Speaker 1: following a couple of major stories out of the nation's
Speaker 1: capital this afternoon. We are expecting the arrival of Ukrainian
Speaker 1: President Voladimir z Lensky in Washington, d C. At a
Speaker 1: pivotal moment in Russia's war with his country. Plus, after
Speaker 1: a year's long fight, House Democrats have voted to release
Speaker 1: former President Donald Trump's tax returns. Let's get more on
Speaker 1: these stories now. Bloomberg's Bruce Einhorn is following both of
Speaker 1: them for us this morning. Bruce, Good morning. It was
Speaker 1: quite a stunning moment when we learned overnight that President
Speaker 1: Zelenski would be making his first trip outside the country
Speaker 1: to the United States. I have to imagine just the
Speaker 1: logistics of getting President Zolensky out of his country and
Speaker 1: into the US or nothing short of remarkable. Yeah, and
Speaker 1: it's going to be a very short trip too. So
Speaker 1: we we know that President Zolinsky will be arriving in
Speaker 1: at the White House UH and meeting President Biden at
Speaker 1: two o'clock this afternoon. He'll be meeting with members of
Speaker 1: the Cabinet as well as the President's and atal security team.
Speaker 1: There's gonna be a press conference at four thirty, and
Speaker 1: then there's going to be a speech by President Zlinsky
Speaker 1: to a joint session of Congress. UM. He has given
Speaker 1: a speech to Congress before. He gave a virtual one
Speaker 1: early this year, UM, just a few weeks after the
Speaker 1: Russians began their invasion of Ukraine this year. UH, this
Speaker 1: of course is going to be in person, a lot
Speaker 1: of a lot of pomp and UH quite a lot
Speaker 1: of symbolism. UH. He'll have a chance to UH lobby
Speaker 1: in person, UM make direct appeals. First additional aid to Ukraine. UH.
Speaker 1: Congress is poised to approve forty five billion dollars in
Speaker 1: new aid for Ukraine. That's part of the omnibus spending
Speaker 1: bill that Congress is likely to pass in the next
Speaker 1: few days. President Biden is also going to be announcing
Speaker 1: additional assistance for Ukraine today, including UH Patrion air defense system,
Speaker 1: something that Ukraine really wants UH, given the persistent attacks
Speaker 1: by Russian missiles by Russian drones against civilian targets against
Speaker 1: the energy grid, against Ukrainian infrastructure. Uh. So the Ukrainians
Speaker 1: field that having the Patriot Air Defense System could really
Speaker 1: make a big difference there. Yeah, so a lot more
Speaker 1: aid coming to Ukraine. And to your point, that first
Speaker 1: address that the President Zelinski gave virtually to Congress early
Speaker 1: in the war came at a time when there seemed
Speaker 1: to have been a lot more unanimity, a lot more
Speaker 1: by partisanship around the idea of providing weapons and humanitarian
Speaker 1: support to Ukraine. It feels as though now when we
Speaker 1: have a new Congress coming in, a new Republican majority
Speaker 1: in the House, that unanimity might be fraying somewhat. You're
Speaker 1: you're right there. There are some members of the incoming
Speaker 1: Republican majority who have been been pretty outspoken criticism of Ukraine,
Speaker 1: most notably Marjorie Taylor Green, the congressman from Georgia. She
Speaker 1: has just now called Zelinski um the shadow president of
Speaker 1: the US and referred to Ukraine as the fifty first state. Um. Uh.
Speaker 1: You've also seen comments from Kevin McCarthy um, the the
Speaker 1: Republican leader in the House who is hoping to become
Speaker 1: the speaker. Uh. In the next session. Uh, he's avowed
Speaker 1: no more blank checks for Ukraine. That said, Uh, there
Speaker 1: have been supportive comments from Mitch McConnell, the Republican leader
Speaker 1: in the Senate. UM, and it does seem that there
Speaker 1: is still strong bipartisan support for Ukraine, albeit with some
Speaker 1: notable exceptions. The other big development, of course in Washington
Speaker 1: is the House Ways and Means Committee, Democrats in particular,
Speaker 1: voting to release former President Donald Trump's tax returns. Of course,
Speaker 1: this is something the former president had been fighting for years.
Speaker 1: Is from what's been released so far, Bruce, what stands
Speaker 1: out to you? So you're right. This is a saga
Speaker 1: that has been going on since two thousand and nineteen.
Speaker 1: Former President Trump fought it in the courts. UM. Almost
Speaker 1: ran out the clock here. But UM, just shortly before
Speaker 1: the Democrats lose control of the House, they they not
Speaker 1: only have the returns, but they have voted to release them. Um.
Speaker 1: They haven't released them yet. There's still some redactions that
Speaker 1: need to be done. UM. What we have heard so
Speaker 1: far is about the report from the Joint Committee on
Speaker 1: Taxation that's Congress's group of nonpartisan tax lawyers. UM. And
Speaker 1: that report highlights items in the tax returns while Trump
Speaker 1: was president, while Trump was in the White House that
Speaker 1: they said should have been red flags for auditors to
Speaker 1: look more UH, to look more carefully at the at
Speaker 1: at the returns to UM, to apply more scrutiny. UM.
Speaker 1: Richard Neil, the chairman of the Way the Means Committee,
Speaker 1: has said that there wasn't enough work done. That the
Speaker 1: audits which are required by the RS for presidents and
Speaker 1: vice presidents were perfunctory at best. UM. And he's now
Speaker 1: introduced He says he's going to introduce a bill that
Speaker 1: would require the RS to to do their audits within
Speaker 1: ninety days. Of course, there's almost no time left in
Speaker 1: this Congress, so that probably isn't gonna go anywhere. UM.
Speaker 1: Kevin Brady, the top Republican on the committee, did warn
Speaker 1: that what the Democrats have done sets a dangerous precedent UH,
Speaker 1: and Republicans are going to be in charge in just
Speaker 1: a few weeks, so it's part Bruce, we gotta leave
Speaker 1: it there for now. Bruce Einhorner Bloomberg News with us
Speaker 1: giving us all the latest from the nation's capital. Stay
Speaker 1: with us for more as futures move higher. This is
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