WEBVTT - Bloomberg Daybreak: December 21, 2022 - Hour 2 (Radio) 0:00:01.880 --> 0:00:05.280 Markets, headlines and breaking news twenty four hours a day 0:00:05.400 --> 0:00:09.479 at Bloomberg dot Com, at Bloomberg Business Outland at Bloomberg Quicktake. 0:00:09.760 --> 0:00:18.799 This is a Bloomberg Business Flash and I'm Karen Moscow 0:00:18.840 --> 0:00:21.640 and this updates brought to you by s EI. Built 0:00:21.640 --> 0:00:26.000 on advanced technologies and fifty years of innovation, s EI 0:00:26.040 --> 0:00:31.480 offers asset Managers, a comprehensive and flexible operations outsourcing platform. 0:00:31.560 --> 0:00:34.600 Go to s C i C dot com slash managers 0:00:34.920 --> 0:00:37.680 and futures this morning are on the rise. S and 0:00:37.720 --> 0:00:40.400 P futures of twenty two points or six tents of uppercent. 0:00:40.680 --> 0:00:43.040 DAL futures have two hundred sixty four points or eight 0:00:43.040 --> 0:00:45.640 tens of a percent, and as the features at forty 0:00:45.680 --> 0:00:48.400 three points or four tenths of uppercent. The decks in 0:00:48.440 --> 0:00:50.640 Germany is up eight tenths of a percent. The ten 0:00:50.720 --> 0:00:53.160 year treasury up one thirty second YELD three point six 0:00:53.200 --> 0:00:55.880 seven percent, yield on the two year four point to 0:00:56.000 --> 0:00:59.000 two percent. NIMEX screent oil is up more than two 0:00:59.000 --> 0:01:01.440 percent of a dollar. Say it's seventy seven dollars eighty 0:01:01.440 --> 0:01:03.640 four cents of barrel. Go make skull There is down 0:01:03.640 --> 0:01:05.520 a tenth of a percent on a dollar ninety At 0:01:05.560 --> 0:01:08.880 eighteen twenty three, fifty announced the euro one point six 0:01:08.959 --> 0:01:11.399 one four against the dollar, British pound one point two 0:01:11.480 --> 0:01:14.080 zero nine nine, and the Yunis had won thirty one 0:01:14.120 --> 0:01:16.640 point eight seven. Look at a big coin, it's little 0:01:16.720 --> 0:01:19.680 change at about sixteen thousand, nine hundred dollars. And that's 0:01:19.680 --> 0:01:22.640 a Bloomberg business flash, Nathan. All right, Karen, thank you 0:01:22.720 --> 0:01:25.480 to six fifty six on Wall Street Bloomberg surveillances. Next, 0:01:25.520 --> 0:01:27.520 first we take a look at the stocks moving in 0:01:27.520 --> 0:01:30.920 the pre market. Bloomberg Radio on TV. Markets correspondent Kritty 0:01:31.000 --> 0:01:34.360 Gupta is here with a really long list of stocks, 0:01:34.400 --> 0:01:38.759 starting off with Nike after the earnings. Cretty, it's interesting, 0:01:38.920 --> 0:01:42.800 despite all the talk about recession next year, people still 0:01:42.800 --> 0:01:45.080 want their kicks. Yeah, it looks like the analysts really 0:01:45.120 --> 0:01:47.360 got busy this morning, which makes our jobs a little 0:01:47.360 --> 0:01:50.240 more interesting. And k is the taker for Nike shares 0:01:50.320 --> 0:01:53.440 up about a twelve point six percent. We'll call it thirteen. 0:01:53.720 --> 0:01:56.920 It's coming after analysts hiking their price targets. After exactly 0:01:56.920 --> 0:01:59.800 what you said, Nathan, a quarterly sales beat for Nike 0:02:00.120 --> 0:02:03.920 that the robust update demonstrates the brand's strength to despite 0:02:03.920 --> 0:02:07.160 a pretty tough macroeconomic backdrop, that is a glowing stamp 0:02:07.160 --> 0:02:09.320 of approval if I've ever heard of one. Um So 0:02:09.320 --> 0:02:11.160 that's going to be a crucial mover this morning and 0:02:11.280 --> 0:02:14.040 really rewarded by the stock market, at least in the 0:02:14.040 --> 0:02:16.639 pre market for by a lot of investors. The other 0:02:16.680 --> 0:02:18.680 one that's getting a little bit of a boost this morning, 0:02:18.720 --> 0:02:21.440 Tesla shares t s l A shares up about one 0:02:21.480 --> 0:02:24.800 point three percent. This morning comes after Elon must confirmed 0:02:24.840 --> 0:02:27.440 that he will resign as CEO of social media firm 0:02:27.480 --> 0:02:30.680 Twitter when a successor is found. Instead, he's gonna focus 0:02:30.680 --> 0:02:33.320 on the engineering teams of it. Remember that inverse correlation 0:02:33.400 --> 0:02:36.520 between Twitter and Tesla still very much alive. The idea 0:02:36.560 --> 0:02:39.760 here that if he does indeed leave Twitter, then Tesla 0:02:39.840 --> 0:02:41.560 gets more of his attention, and that's a good thing 0:02:41.840 --> 0:02:44.000 for that business at least has the way it's interpreted 0:02:44.040 --> 0:02:47.440 in the market. But remember there is also a part 0:02:47.600 --> 0:02:49.640 of the story that you need to keep an eye on, 0:02:49.680 --> 0:02:53.919 which is reports on Tesla itself preparing for a hiring freeze. 0:02:53.919 --> 0:02:57.600 It's coming from Electric Nathan Tesla implementing a hiring freeze 0:02:57.600 --> 0:02:59.880 and a new round of layoffs in the first quarter 0:03:00.000 --> 0:03:02.600 of three, once again not reported by Bloomberg, reported by 0:03:02.639 --> 0:03:05.919 Electric but looking to not quite dent the stock games 0:03:05.960 --> 0:03:10.080 this morning. Now we're also seeing some gains for companies 0:03:10.120 --> 0:03:13.079 that are beating on earnings, particularly fed X. I mean, 0:03:13.080 --> 0:03:15.919 we were going into these earnings thinking they would disappoint 0:03:16.000 --> 0:03:18.480 and what a surprise here. Yeah, we are seeing them 0:03:18.600 --> 0:03:22.400 rally this morning about four percent after second quarter earnings 0:03:22.520 --> 0:03:24.840 once again beat those estimates. And remember FedEx employed a 0:03:24.840 --> 0:03:27.560 really interesting strategy. They try to get ahead of the 0:03:27.639 --> 0:03:30.320 hiring problem going into the holidays, really trying to say, well, 0:03:30.400 --> 0:03:32.080 labor is important to us, We're going to get ahead 0:03:32.080 --> 0:03:35.600 of it. And the earnings really reflected that that was 0:03:35.640 --> 0:03:38.880 a winning strategy. They beat those analysts estimates. They also 0:03:39.080 --> 0:03:42.960 have price increases and cost cuts that also helped um 0:03:43.160 --> 0:03:45.040 really just kind of make it up on the bottom line, 0:03:45.040 --> 0:03:48.320 even if you did see that dropping volume. So interesting 0:03:48.360 --> 0:03:50.240 story out of FedEx. I'll leave you with one last one, 0:03:50.240 --> 0:03:52.320 and that of course is going to be Starbucks, the 0:03:52.360 --> 0:03:55.720 stock declining by eight tenths of one percent. Downgraded to 0:03:55.800 --> 0:03:58.520 a hold over at Jeffreys. Now they are positive on 0:03:58.560 --> 0:04:02.080 the U S restaurant area, and UH sector broadly, but 0:04:02.120 --> 0:04:07.000 they are downgrading Starbucks just for today. Okay, Bloomberg Radio 0:04:07.000 --> 0:04:10.000 and TV Markets correspondent Credi Gupta, I will see you 0:04:10.080 --> 0:04:12.400 in the pantry to get our load up on the 0:04:12.440 --> 0:04:15.960 coffee right now. SUP futures up twenty three point, staff 0:04:15.960 --> 0:04:18.880 futures up two D seventy and Nastack futures higher by 0:04:19.080 --> 0:04:22.440 forty five points. This is Bloomberg Daybreak. I'm Nathan Hagar 0:04:22.440 --> 0:04:24.880 along with Karen Moscow. It is six fifty nine on 0:04:24.920 --> 0:04:30.960 Wall Street and Bloomberg Surveillance starts right now, live from 0:04:31.000 --> 0:04:34.560 the financial capital of the world, broadcasting across the globe. 0:04:34.760 --> 0:04:38.320 This is w b b R, New York, Bloomberg Living Trio. 0:04:44.440 --> 0:04:46.920 It's clear that banker Japan's gotta hip next year. It's 0:04:46.960 --> 0:04:49.040 the end of an era and investors have to get 0:04:49.120 --> 0:04:54.760 used to higher interesting markets headlines and breaking news twenty 0:04:54.839 --> 0:04:57.680 four hours a day at Bloomberg dot Com, the Bloomberg 0:04:57.720 --> 0:05:00.640 Business at and at Bloomberg Quick Tape. He's He's a 0:05:00.720 --> 0:05:09.760 Bloomberg Business line and I'm Karen Moscow. Futures are on 0:05:09.800 --> 0:05:11.600 the rise this morning. We go to the First Word 0:05:11.600 --> 0:05:14.840 Breaking news desk for today's morning call, and here's Bill Maloney, Bill, 0:05:14.880 --> 0:05:18.200 good morning, Good morning, Karen. That's right. US hugues are 0:05:18.279 --> 0:05:21.119 firmly in the green, helped by earnings from FedEx and Nike. 0:05:21.839 --> 0:05:24.760 You just fromally up two point says if he's game twenty, 0:05:24.800 --> 0:05:28.360 and Nazic futures are higher by forty. The US ten 0:05:28.520 --> 0:05:31.320 yield at three point six eight percent, Gold is down five, 0:05:31.360 --> 0:05:34.719 oil is trading in the green, and bitcoin is little changed. 0:05:35.000 --> 0:05:38.400 Japan fell point seven overnight, while up markets are also 0:05:38.440 --> 0:05:40.440 in the green this morning and back in the US. 0:05:40.520 --> 0:05:43.080 On the economic front at ten o'clock, existing home sales 0:05:43.400 --> 0:05:46.720 and consumer confidence after the LS night, Nike sales and 0:05:46.760 --> 0:05:50.720 gross margins beat estimates, and FedEx profit also topped estimates 0:05:50.760 --> 0:05:53.720 regarding earnings this morning. Look for Carnival to report in 0:05:53.800 --> 0:05:56.680 the pre market. In other news, Electric report that Tessa 0:05:56.760 --> 0:06:00.600 to implement a hiring freeze and new layoffs and wrapping 0:06:00.640 --> 0:06:03.640 things up. Breaker was cut to hold well bred Jeffreys 0:06:04.240 --> 0:06:07.640 live from the first breaking news testom Bill Maloney, care fright, Biel, 0:06:07.680 --> 0:06:09.560 thank you to here live breaking news over your Bloomberg 0:06:09.640 --> 0:06:12.440 type squawk on your terminal ascue. You a w K 0:06:12.600 --> 0:06:15.080 and that's a Bloomberg Business Flash. Now here's Michael Barr 0:06:15.120 --> 0:06:17.839 with Moore on what's going on around the world. Michael Karen, 0:06:17.880 --> 0:06:20.160 thank you very much. The House Ways and Mains Committee 0:06:20.200 --> 0:06:23.679 voted to release former President Trump's tax information to the public. 0:06:24.120 --> 0:06:27.120 So far, we have learned that dozens of audit triggers 0:06:27.360 --> 0:06:33.240 litter Trump's tax returns. According to Congress's top nonpartisan tax lawyers, 0:06:33.279 --> 0:06:38.720 there are questionable private jet expenses and large, unsubstantiated charitable deductions. 0:06:39.160 --> 0:06:42.400 Ukrainian President Volodamir z Lenski will be in Washington and 0:06:42.440 --> 0:06:45.280 we'll meet with President Biden today. In the NBA, the 0:06:45.360 --> 0:06:48.839 NIXT beat the Warriors one nine four, the Wizards one, 0:06:49.560 --> 0:06:54.200 the NHL Rangers Devil's Lost, Big Old Baseball News Carlos 0:06:54.240 --> 0:06:57.039 Korea has reportedly agreed to sign with the Mets in 0:06:57.040 --> 0:07:00.880 a twelve year, three fifteen million dollar deal. Global News 0:07:00.880 --> 0:07:03.839 twenty four hours a day on air and on Bloomberg Quicktake, 0:07:04.080 --> 0:07:07.000 powered by more than twenty seven under journalist and analysts 0:07:07.080 --> 0:07:11.040 more than twenty countries. Michael Barr and this is Bloomberg 0:07:11.120 --> 0:07:13.800 careth Marry. Michael Barr, thank you. It is sixty two 0:07:13.840 --> 0:07:15.560 on Wall Street and let's turn to news now in 0:07:15.720 --> 0:07:18.240 science and technology with the Bloomberg and j I T 0:07:18.480 --> 0:07:21.120 STEM Report, and it's brought to you buy New Jersey 0:07:21.160 --> 0:07:24.760 Institute of Technology and j I T offers New Jersey's 0:07:24.840 --> 0:07:29.320 first undergraduate degree in fintech tech driven finance focused What 0:07:29.400 --> 0:07:31.960 will you make at n j I T. Learn more 0:07:32.000 --> 0:07:34.840 at n J A T DOT E d U slash fintech. 0:07:35.160 --> 0:07:38.000 You know here's just making news and science, technology, engineering, 0:07:38.000 --> 0:07:41.120 and math. Virgin Orbit has been granted a license to 0:07:41.240 --> 0:07:44.160 launch satellites from the UK, paving the way for the 0:07:44.240 --> 0:07:47.880 first ever space mission from European soil. Early in the 0:07:47.920 --> 0:07:51.320 new year, the UK Civil Aviation Authority gave permission to 0:07:51.360 --> 0:07:55.520 operate from Spaceport Cornwall in southwest England after an official 0:07:55.600 --> 0:08:00.200 sign off from Transport Secretary Mark Harper. Brazil's government had 0:08:00.280 --> 0:08:04.000 reassert his global climate credentials by selling a bond where 0:08:04.240 --> 0:08:07.840 the interested pays creditors hinges on whether the country protects 0:08:07.840 --> 0:08:12.800 the Amazon rainforest. That's the proposal gaining momentum among bankers, investors, 0:08:12.800 --> 0:08:15.680 and researchers who say the nation should follow in the 0:08:15.680 --> 0:08:19.160 footsteps of Latin American piers Chile and Uruguay by issuing 0:08:19.200 --> 0:08:23.200 sustainability linked debt and the Reserve Bank of India award 0:08:23.360 --> 0:08:27.280 that failing to regulate cryptocurrencies could ignite the next financial crisis. 0:08:27.560 --> 0:08:30.320 The warning comes in light of the global cryptocurrency meltdown 0:08:30.360 --> 0:08:32.720 that led to billions of dollars being wiped out. And 0:08:32.720 --> 0:08:35.480 that's the Bloomberg and J. A. T. Stem report. Nathan, 0:08:35.760 --> 0:08:38.239 all right, Karen, thank you for coming up to sixty 0:08:38.320 --> 0:08:40.240 four on Wall Street. It's down time to check what's 0:08:40.280 --> 0:08:42.640 going on in d C, where this will be a 0:08:42.800 --> 0:08:46.959 historic day as President's lens give Ukraine comes to Washington, 0:08:47.280 --> 0:08:51.160 while President Biden offers billions more dollars and Patriot missiles. 0:08:51.200 --> 0:08:54.559 Also making news in the nation's capital, former President Trump's 0:08:54.600 --> 0:08:58.559 tax returns to be released after Democrats voted in that 0:08:59.080 --> 0:09:02.880 favor in the House, and the Biden administration urging the 0:09:02.920 --> 0:09:06.960 Supreme Court to allow pandemic border restrictions to end. Bloomber 0:09:07.000 --> 0:09:09.719 Government reporter Emily Wilkins was one of the reporters who 0:09:09.720 --> 0:09:13.280 actually broke the news that Zelenski will be coming to Washington, 0:09:13.320 --> 0:09:16.240 d C. Today, So pleased to say Emily is live 0:09:16.400 --> 0:09:19.560 with us now. Emily, good morning. Quite a message that 0:09:19.679 --> 0:09:22.599 this first trip outside Ukraine for Zelenski is to the 0:09:22.679 --> 0:09:26.400 nation's capital. I mean absolutely, Nathan, And of course it 0:09:26.520 --> 0:09:29.200 comes at the time as Congress is preparing to move 0:09:29.800 --> 0:09:33.320 this major spending bill with funding for Ukraine, and there 0:09:33.679 --> 0:09:36.440 Joe Biden is also going to unbuild nearly two billion 0:09:36.480 --> 0:09:38.880 dollars of assistance and announced a move to deliver a 0:09:38.920 --> 0:09:42.960 Patriot missile battery to help Ukraine folster its defenses this winter. 0:09:43.400 --> 0:09:46.239 And it's just showing right now the US is ongoing 0:09:46.360 --> 0:09:49.680 support of Ukraine. But of course, naedn we have heard 0:09:49.760 --> 0:09:53.520 lawmakers begin a number of them, particularly on the Republican side, 0:09:54.000 --> 0:09:56.280 to say that they are concerned about the amount of 0:09:56.280 --> 0:09:58.520 money that is going to Ukraine, that they think it 0:09:58.559 --> 0:10:01.640 should be better used to help them Americans. Uh, this 0:10:01.720 --> 0:10:04.600 is not a majority of Republicans. It is a minority 0:10:04.640 --> 0:10:07.280 at this point. But it'll be interesting to see how 0:10:07.400 --> 0:10:11.440 Zelenski's visit today, what he says, how he employs Congress 0:10:11.600 --> 0:10:14.800 who potentially set the stage for those future funding battles 0:10:14.960 --> 0:10:19.640 once Republicans have control of the House. It's interesting ahead 0:10:19.679 --> 0:10:22.800 of this visit, we're already getting reaction from the Kremlin 0:10:22.920 --> 0:10:27.840 spokesman Dmitri Peskoff is saying that the delivery in particular 0:10:27.960 --> 0:10:31.240 that we're expecting of Patriot missiles will only lead to 0:10:31.280 --> 0:10:34.120 an escalation of the conflict and saying that does not 0:10:34.679 --> 0:10:38.439 bode well for Ukraine. Could this visit potentially be a 0:10:38.480 --> 0:10:42.080 pivot point in the war? I mean, I think it 0:10:42.120 --> 0:10:45.120 really does remain to be seen exactly what impacts such 0:10:45.160 --> 0:10:47.880 a visit like this is going to have. It certainly 0:10:47.920 --> 0:10:51.120 sends a strong message about the US and Ukraine in 0:10:51.120 --> 0:10:54.520 the relationship between the two and House Speaker Nancy Pelosi, 0:10:54.960 --> 0:10:58.079 before she officially noticed everyone that this was going to happen, 0:10:58.440 --> 0:11:01.440 she sent out a message members being like, you should 0:11:01.440 --> 0:11:03.920 really make sure that you are here in person on 0:11:03.960 --> 0:11:07.480 Wednesday night. We're going to have something very special on democracy. 0:11:07.559 --> 0:11:10.920 And I think that's sort of the implications here the 0:11:11.000 --> 0:11:13.560 roots that you're going back to the sense that the US, 0:11:13.600 --> 0:11:16.920 you know, wants to support democracies, will continue to support 0:11:17.040 --> 0:11:20.120 Ukraine for as long as it takes for this invasion 0:11:20.160 --> 0:11:23.280 to be completed. And I know you've been following just 0:11:23.600 --> 0:11:28.200 how the logistics are going about to get Zelensky out 0:11:28.200 --> 0:11:31.600 of Ukraine into the US. What are you hearing about, 0:11:31.640 --> 0:11:36.240 what's allowing this trip even to go forward. I mean, 0:11:36.320 --> 0:11:38.560 it's definitely a lot of details for this flip trip 0:11:38.600 --> 0:11:41.200 have been very closely held. It's going to not be 0:11:41.240 --> 0:11:43.439 a very long trip. We know that, you know he's 0:11:43.480 --> 0:11:47.160 it was announced yesterday, uh evening, about twenty four hours 0:11:47.160 --> 0:11:49.760 before he's going to come. And usually when you have 0:11:49.880 --> 0:11:53.200 something like that, yes, like it's a high security, high risk, 0:11:53.520 --> 0:11:58.120 many details. And Zelenski he hasn't left Ukraine really since 0:11:58.160 --> 0:12:02.199 he began. He's addressed Congress virtually from Ukraine, but he 0:12:02.240 --> 0:12:05.280 has very much been there. He did tweet that he 0:12:05.360 --> 0:12:07.360 was on the way to the US to strengthen resilience 0:12:07.400 --> 0:12:11.200 and defense capabilities and that he and Biden with discuss 0:12:11.280 --> 0:12:15.280 cooperation between the Ukraine and the US. Now, the other 0:12:15.320 --> 0:12:17.400 big stories if that weren't enough of a big story 0:12:17.400 --> 0:12:21.120 in Washington, d C. We're waiting to get the public 0:12:21.160 --> 0:12:25.280 release of former President Donald Trump's tax returns. This is 0:12:25.320 --> 0:12:28.360 something that the former president has literally been fighting for 0:12:28.679 --> 0:12:32.160 years to avoid. Yes, and Democrats are getting it right. 0:12:32.240 --> 0:12:35.359 Is there about to lose control of the House to Republicans, 0:12:35.360 --> 0:12:38.360 so they had to move on this. Although some Democrats 0:12:38.360 --> 0:12:40.640 are upset about how long it has taken, but the 0:12:40.640 --> 0:12:43.680 big music, of course, yesterday Committee voted to release Donald 0:12:43.679 --> 0:12:47.080 Trump tax information to the public, and the three years 0:12:47.080 --> 0:12:50.839 saga over this fight UM and where the Committee voted, 0:12:50.880 --> 0:12:53.440 we are going to see some redactions being made, so 0:12:53.520 --> 0:12:55.960 the documents aren't going to be coming out right away, 0:12:56.600 --> 0:12:59.120 but it's going to bring into some questions of several 0:12:59.160 --> 0:13:02.360 things that Trump has done with his taxes, UM, the 0:13:02.440 --> 0:13:05.280 validity of several deductions that Trump has trying to make 0:13:05.600 --> 0:13:08.880 unsubstantial charitable donations, and of course I think something a 0:13:08.880 --> 0:13:11.319 lot of folks have been interested in how his businesses 0:13:11.360 --> 0:13:15.080 are doing and how many taxes did he pay UM, 0:13:15.120 --> 0:13:17.720 And certainly those are all questions that that people are 0:13:17.760 --> 0:13:20.680 going to be paying a close attention to. UM. But 0:13:20.720 --> 0:13:23.760 it'll be interesting to see what Republicans do once they 0:13:23.800 --> 0:13:27.560 get into the majority in the House next year. Kevin Brady, 0:13:27.640 --> 0:13:30.720 who's retiring but is currently the committee's top Republican, said 0:13:30.720 --> 0:13:33.480 that Democrats are making a mistake releasing the tax returns, 0:13:33.720 --> 0:13:36.680 and this is a precedent that gives Republicans a lot 0:13:36.720 --> 0:13:39.160 more room to go after and to look at what 0:13:39.360 --> 0:13:42.679 Biden and future Democratic presidents do. All right, So we'll 0:13:42.720 --> 0:13:45.280 be looking for those fuller details, and of course we'll 0:13:45.320 --> 0:13:48.080 be watching very closely later on this afternoon when we 0:13:48.120 --> 0:13:51.600 do expect the arrival first time outside the country for 0:13:51.720 --> 0:13:54.520 Ukrainian President Vladimir's lenskin. He's going to be spending a 0:13:54.520 --> 0:13:58.760 few hours today in Washington, d C. Lots for Bloomberg 0:13:58.800 --> 0:14:01.560 government reporter Emily Wilkins. To keep an eye on Emily. 0:14:01.600 --> 0:14:04.160 As always, thank you for the update, and you can 0:14:04.200 --> 0:14:07.400 read more at Bloomberg dot com or on the Bloomberg terminal. 0:14:07.640 --> 0:14:10.719 Follow all the latest on Bloomberg Radio in Washington. There 0:14:10.720 --> 0:14:12.400 could be a lot of details coming out from there 0:14:12.400 --> 0:14:16.680 on Bloomberg and one oh five point seven FM HD two. 0:14:17.080 --> 0:14:19.560 Head of the market open futures are pointing to a 0:14:19.640 --> 0:14:22.480 higher open, with SMP futures up nineteen point, staff futures 0:14:22.560 --> 0:14:25.960 up two nine and NASDAC futures right now higher by 0:14:25.960 --> 0:14:29.600 thirty nine points ten. Your treasury is up one thirty second, 0:14:29.760 --> 0:14:31.920 the yield three point six seven percent yield on the 0:14:31.920 --> 0:14:34.800 two year four point to two percent. Nim X screwed 0:14:34.880 --> 0:14:37.440 higher by one point six percent at seventy seven dollars 0:14:37.880 --> 0:14:40.640 forty eight cents of barrel, and just taking a look 0:14:40.680 --> 0:14:43.240 at the end. Now it's slightly weaker against the dollar 0:14:43.280 --> 0:14:46.520 after the big surge. The Bank of Japan moved training 0:14:46.600 --> 0:14:52.560 right now one point eight six. This is Bloomberg Markets, 0:14:52.680 --> 0:14:55.800 headlines and breaking news twenty four hours a day at 0:14:55.800 --> 0:14:59.200 Bloomberg dot Com, The Bloomberg Business at End at Bloomberg 0:14:59.280 --> 0:15:08.920 Quick Tape. He's a Bloomberg Business Flash and I'm Karen Moscow. 0:15:08.960 --> 0:15:12.040 This update brought to you by Innovation and Refunds. Your 0:15:12.080 --> 0:15:15.640 business may be eligible to receive a payroll tax refund. 0:15:15.800 --> 0:15:19.240 The application takes around eight minutes eight minutes or less 0:15:19.320 --> 0:15:22.320 to see if you're small to medium sized business may 0:15:22.360 --> 0:15:24.880 be eligible for a refund of up to twenty six 0:15:24.920 --> 0:15:28.440 thou dollars per employee kept on the payroll during the pandemic. 0:15:28.840 --> 0:15:32.440 Find out at get refunds dot com. Watching shares a 0:15:32.520 --> 0:15:34.280 Nike this morning, there have more than twelve and a 0:15:34.360 --> 0:15:37.720 half percent after it posted another quarter of inventory build up, 0:15:37.760 --> 0:15:42.080 but quarterly sales exceeded. While street estimates, futures are higher. 0:15:42.160 --> 0:15:45.560 SMP futures have eighteen points or half percent, DAL futures 0:15:45.640 --> 0:15:48.040 up two dy nine points or seven tenths of uppercent 0:15:48.360 --> 0:15:50.800 NASDACK futures have thirty five points or three tents of 0:15:50.880 --> 0:15:53.440 uppercent and the tenure treasury that will change at three 0:15:53.480 --> 0:15:55.320 point six eight percent, and they yield on the two 0:15:55.440 --> 0:15:58.240 year four point to three percent. And that's a Bloomberg 0:15:58.320 --> 0:16:00.760 business flash. Now here's Michael Barr with more on what's 0:16:00.800 --> 0:16:03.360 going on around the world. Michael Karen, thank you very much. 0:16:03.360 --> 0:16:06.280 A House committee voted to release former President Trump's tax 0:16:06.320 --> 0:16:09.000 returns to the public. So far, we have learned of 0:16:09.160 --> 0:16:14.400 dozens of audit triggers. According to Congress's top nonpartisan tax lawyers, 0:16:14.480 --> 0:16:20.240 there are questionable private jet expenses and large, unsubstantiated charitable deductions. 0:16:20.720 --> 0:16:24.000 Ukrainian President Voladimir z Lensky heads to Washington for his 0:16:24.080 --> 0:16:27.560 summit with President Joe Biden to address Congress today. In 0:16:27.600 --> 0:16:29.960 the NBA, the next beat the Warriors one thirty two 0:16:30.120 --> 0:16:33.120 ninety four. The Wizards won in the NHL, the Rangers 0:16:33.160 --> 0:16:37.560 and Devils lost. In baseball, Carlos Corea has reportedly signed 0:16:37.560 --> 0:16:39.680 with the Mets in the twelve year, three hundred fifteen 0:16:39.680 --> 0:16:43.000 million dollar deal. Global News twenty four hours a day 0:16:43.000 --> 0:16:46.040 on here and on Bloomberg quick Take, powered by more 0:16:46.080 --> 0:16:48.360 than twenty seven hundred journalists and analysts more than a 0:16:48.400 --> 0:16:51.840 hundred twenty countries. I'm Michaelabar. This is Bloomberg, NA. Thanks Michael. 0:16:51.880 --> 0:16:54.040 At six twenty three on Wall Street. I'm Nathan Hagar. 0:16:54.200 --> 0:16:57.400 This is Bloomberg Daybreak on what will be a historic 0:16:57.600 --> 0:17:00.880 day in the nation's capital with President Vlada Merrit Zelensky 0:17:00.920 --> 0:17:04.360 of Ukraine heading to Washington. I want to get more 0:17:04.400 --> 0:17:06.840 now on this. We're joined live by Lindsay Newman. She's 0:17:06.880 --> 0:17:09.720 the executive director of Economics and Country Risk at SMP 0:17:09.800 --> 0:17:13.840 Global Market Intelligence. Lindsay, good morning. This visit is going 0:17:13.880 --> 0:17:16.320 to be dramatic, I'm sure, only for a few hours 0:17:16.400 --> 0:17:19.159 in the nation's capital, and it's coming at a time 0:17:19.720 --> 0:17:27.919 when the support for Ukraine, particularly from Congress, maybe a 0:17:27.960 --> 0:17:30.920 little bit shaky. Is that part of the reason why 0:17:31.080 --> 0:17:35.119 President Zelenski is making this trip. Good morning, Nathan, and 0:17:35.160 --> 0:17:37.680 thank you for having me on. I couldn't agree more 0:17:37.720 --> 0:17:40.520 that this is a historic moment. We we really cannot 0:17:40.880 --> 0:17:44.320 overstate the significance of this trip. We've all seen and heard. 0:17:44.359 --> 0:17:48.560 Of course President Zelinsky make addresses before the UN Security Council, 0:17:48.600 --> 0:17:51.480 of the European Parliament and even US Congress, but today 0:17:51.520 --> 0:17:53.760 he will actually be there in person. It's the first 0:17:53.840 --> 0:17:57.439 time he will have less physically less Ukraine since Russia 0:17:57.480 --> 0:18:01.119 invaded on the death We've now just crossed through the 0:18:01.920 --> 0:18:04.560 day mark into the conflict, and that's really what the 0:18:04.600 --> 0:18:07.880 trip is about. It's ensuring that the US and Ukraine 0:18:08.119 --> 0:18:12.160 remain united. That's what Biden's message will be. The Lensky's 0:18:12.200 --> 0:18:15.960 message is of course going to be about resources and 0:18:15.960 --> 0:18:19.119 and support. So unity but in the form of resources 0:18:19.119 --> 0:18:22.200 and support. And we're hearing anything that this comes with 0:18:22.359 --> 0:18:26.960 Biden's expecting to announce an additional two billion insecurity assistance 0:18:26.960 --> 0:18:31.400 to Ukraine during the visit itself. What what's the level 0:18:31.400 --> 0:18:34.200 of support that you're forecasting from the US for Ukraine 0:18:34.200 --> 0:18:37.240 going forward when we do have a new Congress coming in, 0:18:37.280 --> 0:18:42.800 a new Republican majority in the House of Representatives. Biden's 0:18:42.840 --> 0:18:46.080 message has been that America will be there for Ukraine 0:18:46.160 --> 0:18:48.520 for as long as it as long as it takes. 0:18:48.560 --> 0:18:51.040 This is what they this is what the White House 0:18:51.080 --> 0:18:54.560 was saying just yesterday, and it's pre meeting notes. So 0:18:55.320 --> 0:18:58.560 from the top, the ambition, the intention is to remain 0:18:58.600 --> 0:19:02.240 committed to Ukraine's as long as it takes. There is 0:19:02.280 --> 0:19:06.600 a sense from the administration that this remains a bipartisan support. Sure. 0:19:06.840 --> 0:19:11.040 Right before the election, we saw, for example, um, some 0:19:11.040 --> 0:19:15.960 some Republicans suggesting that they could rethink funding for for 0:19:16.640 --> 0:19:19.560 Ukraine should they win Congress, that win in both the 0:19:19.560 --> 0:19:21.359 House and then and of course we know where the 0:19:21.400 --> 0:19:25.960 election lands. But since then there has been this committed commitment, 0:19:26.000 --> 0:19:29.359 this commitment to bipartisan support, and we have of course 0:19:29.400 --> 0:19:32.200 the funding bill, the omnibus bill that was proposed UM 0:19:32.240 --> 0:19:36.480 and released revealed yesterday, which would include forty five billion 0:19:36.520 --> 0:19:39.040 and an additional aid for Ukraine and Bernato as part 0:19:39.080 --> 0:19:42.840 of the one point six five spending utrillion spending bill 0:19:42.880 --> 0:19:48.120 for fiscal Of course, that will require bipartisan support, which 0:19:48.160 --> 0:19:51.000 remains to be seen. UM. And we are in the 0:19:51.680 --> 0:19:54.879 moment of the Lane Duck session, just about thirty seconds 0:19:54.960 --> 0:19:57.680 left here, lindsay, could the delivery of Patriot missile, something 0:19:57.720 --> 0:19:59.919 that the Ukrainian president has been asking for for mon 0:20:00.160 --> 0:20:06.280 be a pivot point in this war. It's a it's 0:20:06.320 --> 0:20:09.359 a great question, I mean, V. Lindsey has been asking 0:20:09.400 --> 0:20:11.600 for this, and now we are hearing that, in fact 0:20:11.800 --> 0:20:15.800 the Biden administration is going to deliver on on those 0:20:16.280 --> 0:20:18.960 on those Patriot missiles. They will come with training, and 0:20:19.000 --> 0:20:22.280 the US remained committed to increasing the training four troops 0:20:22.280 --> 0:20:23.879 who are going to need to be able to deploy 0:20:24.280 --> 0:20:27.560 and use that mental Thank you, Lindsey, good having you 0:20:27.600 --> 0:20:30.200 on with us this morning. Lindsay Newman, Executive director of 0:20:30.240 --> 0:20:34.440 Economics and Country Risk at SMP Global Market Intelligence. Again, 0:20:34.480 --> 0:20:37.639 we are expecting President Zelensky of Ukraine to arrive in 0:20:37.760 --> 0:20:42.240 Washington this afternoon. Stay with Bloomberg Radio for frequent updates 0:20:42.240 --> 0:20:45.720 and full coverage of the Ukrainian president's day in the 0:20:45.800 --> 0:20:48.480 nation's capital. Now, let's get a look at the Bloomberg 0:20:48.560 --> 0:20:52.199 Weather forecast. I pressures in control of weather across the 0:20:52.200 --> 0:20:54.680 Tristate area. Today, We'll have partial sunshine in the b 0:20:54.800 --> 0:20:57.960 forty will clad up tonight THTT five. Big storm to 0:20:58.000 --> 0:21:00.400 our west sends rain our way. Tomorrow after noon it'll 0:21:00.400 --> 0:21:03.320 be breezy, fifty to fifty five, rain heavy at times, 0:21:03.320 --> 0:21:06.480 wendy Tomorrow night alow a fifty. The rain ends Friday afternoon, 0:21:06.520 --> 0:21:09.959 windyhisner fifty five. Temperatures fall through the afternoon Friday, then 0:21:10.000 --> 0:21:12.880 cold for the Christmas weekend. I'm Rob Caroline with your 0:21:12.880 --> 0:21:18.440 three day forecast on Bloomberg eleven three oh broadcasting live 0:21:18.600 --> 0:21:22.520 from the Bloomberg Interactive Broker studio in New York. Bloomberg 0:21:22.560 --> 0:21:26.640 even freed to Washington, d C. Bloomberg on to Boston 0:21:26.760 --> 0:21:30.160 Bloomberg one oh six, one, to San Francisco, Bloomberg nine 0:21:30.240 --> 0:21:33.280 sixty to the country Sirius XM chad A one nineteen 0:21:33.440 --> 0:21:36.600 and around the globe the Bloomberg Business app and Bloomberg 0:21:36.680 --> 0:21:45.840 Radio dot Com. This is Bloomberg Daybreak. Now we're coming 0:21:45.880 --> 0:21:47.880 up to six thirty on Wall Street. Good morning, I'm 0:21:47.920 --> 0:21:50.960 Nathan Hagar and I'm Karen Moscow. We are just about 0:21:51.000 --> 0:21:53.640 three hours away from the open of US trading. Time 0:21:53.680 --> 0:21:55.840 for the five things you need to notice our your 0:21:55.920 --> 0:21:58.960 day brought to you by I v k R Investment 0:21:59.000 --> 0:22:02.719 Advisers switched to Interactive Brokers for lowest cost global trading 0:22:02.960 --> 0:22:06.880 and turnkey custody solutions, no ticket charges and no conflicts 0:22:06.880 --> 0:22:09.040 of your interests at I b k R dot com 0:22:09.080 --> 0:22:13.560 slash r i A first Ukrainian President, Vladimir's A. Lensky, 0:22:13.760 --> 0:22:16.560 is leaving Ukraine for the first time since Russia's invasion 0:22:16.840 --> 0:22:20.639 to address Congress in person in the nation's capital. Bloomberg 0:22:20.640 --> 0:22:23.879 Government reporter Jack Fitzpatrick says it's a big moment in 0:22:23.920 --> 0:22:26.480