Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: Daybreak for Monday, March seven two. Coming up this hour,
Speaker 1: equities tumble as stock markets from Europe to Asia head
Speaker 1: for bear markets. Oil sewers on the prospect of a
Speaker 1: US ban on Russian supplies. Gold rallies to top two
Speaker 1: thousand dollars announce, and more companies join the effort to
Speaker 1: cut ties with Russia. Former New York Governor Cuomo is
Speaker 1: hinting at a political combats. Vice President Harrison marks the
Speaker 1: Bloody Sunday Anniversary in Selma. I'm Michael barn More ahead,
Speaker 1: I'm John Stas Sharon Sports rare wind for the next
Speaker 1: They beat the Clippers in l A, the Nets lost
Speaker 1: in Boston, the Rangers one in Winnipeg. That's all straight
Speaker 1: ahead on Bloomberg day Break on Bloomberg Element Trio, New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixty, San Francisco, Sirius x M one nineteen
Speaker 1: and around the world. Old on Bloomberg Radio dot Com
Speaker 1: and via The Bloomberg Business or Good Morning. I'm Nathan
Speaker 1: Hagar and I'm Karen. Moscow and global stocks tumbling again
Speaker 1: to start the week. We're coming up to six o
Speaker 1: one on All Street, and we check the markets every
Speaker 1: fifteen minutes throughout the trading day. On Bloomberg SMP future
Speaker 1: is down seventy four points now Future is down to
Speaker 1: five fifty four and Nashtag futures down two hundred forty three.
Speaker 1: Tenure Treasury up one thirty second. He had one point
Speaker 1: seven two per cent and they yield on the two
Speaker 1: year one point four seven percent. Nathan, all right, Karen,
Speaker 1: we'll have more on the sell off in a minute,
Speaker 1: but first the latest developments in the war in Ukraine.
Speaker 1: Russia says it has agreed to a cease fire to
Speaker 1: open up humanitarian quarters in some cities, but Ukraine says
Speaker 1: Moscow is still shooting near the capital Kiev and near
Speaker 1: the port city of Mario, Pol where about two hundred
Speaker 1: thousand civilians are trapped. Ukraine's president Vladimir Zlinsky is pleading
Speaker 1: with the US and Europe for a noah fly zone.
Speaker 1: If you don't impose a no fly zone, if at
Speaker 1: least don't give us planes so that we can defend ourselves,
Speaker 1: then there can be only one conclusion. You also want
Speaker 1: us to be slowly killed. This is the responsibility of
Speaker 1: world's politicians, Western leaders today and forever. President Zelinski spoke
Speaker 1: with US President Joe Biden over the weekend. The third
Speaker 1: round of talks between Ukraine and Russia is set for today. Meantime, Nathan,
Speaker 1: the US is planning to send more aircraft to Ukraine,
Speaker 1: Bloomberg said. Baxter has the story. Secretary of State Anthony
Speaker 1: Lincoln says, the US is actively talking with NATO countries
Speaker 1: about getting help in that gets a green light. In fact,
Speaker 1: we're talking with our Polish friends right now about what
Speaker 1: we might be able to do to backfill their needs
Speaker 1: if in fact they choose to provide these fighter jets
Speaker 1: to to the Ukrainians, So the US would be directly
Speaker 1: and indirectly helping this. As he says, the world should
Speaker 1: expect a long war there, and Russian President of Vladimir
Speaker 1: Putin says that he will not end the invasion until
Speaker 1: Ukraine agrees to all of his demands. In San Francisco,
Speaker 1: I'm at baxter a Berg daybreak, all right, and thank you.
Speaker 1: Russia finds itself increasingly isolated, but China this morning is
Speaker 1: declaring ties with Moscow to be quote rock solid despite
Speaker 1: President Vladimir Putin's invasion of Ukraine. China's foreign minister is
Speaker 1: also accused in the US of trying to build a
Speaker 1: new version of NATO in the Pacificithan energy markets are
Speaker 1: in focus this morning. Sources say the White House is
Speaker 1: considering whether to prohibit Russian oil imports to the US
Speaker 1: is considering a unilateral move without the participation of allies
Speaker 1: in Europe, at least initially. Secretary of State Anthony Blinken
Speaker 1: discussed the plans on CNN. We are now talking to
Speaker 1: our European partners and allies to look in a coordinated
Speaker 1: way at the prospect of banning the import of Russian
Speaker 1: oil while making sure that there is still an appropriate
Speaker 1: supply of oil on world markets. That's a very active
Speaker 1: discussion as we speak. Secretary is Day and Anthony Blanken
Speaker 1: meets with that Israeli counterpart today to discuss the situation
Speaker 1: in Ukraine, among other matters. Well, following those comments from
Speaker 1: Secretary blink and Karen, we saw oil sword to just
Speaker 1: shyve a hundred forty dollars of barrel. Right now, Brent
Speaker 1: crude is at a hundred twenty four dollars eighty five cents,
Speaker 1: while West Texas Intermediates at a hundred twenty two dollars
Speaker 1: fifty nine of barrel. Other commodities are also rallying. Gold
Speaker 1: futures jumped above two thousand dollars an ounced for the
Speaker 1: first time in more than eighteen months, while copper and
Speaker 1: palladium hit all time highs. Nicols spiked as much as
Speaker 1: thirty one per cent, while we slammed the daily upward
Speaker 1: limit for the sixth day in a row. Well commodities
Speaker 1: are surging, Nathan stocks are selling off around the world.
Speaker 1: We're seeing some of the biggest drops in Europe. And
Speaker 1: let's head to London and get the very latest from
Speaker 1: Bloomberg's un parts. Good morning U in Good morning Counter
Speaker 1: Nathan mayor stop markets from Europe's Asia heading for bear
Speaker 1: markets today, falling more than twenty percent from their highs.
Speaker 1: That's a made fairs of an inflations shock and perhaps
Speaker 1: a growth shock in the world economy. As crude source
Speaker 1: on the prospects of a ban on Russian supplies, Banks,
Speaker 1: carmakers and retailers leading losses today, Defense companies gaining, energy
Speaker 1: and mining stocks the only sectors in the green today
Speaker 1: around Europe. In London, I'm you in parts been bug
Speaker 1: day break, all right you and thanks. We also saw
Speaker 1: heavy selling in Asia overnight. Let's get the recap from
Speaker 1: Bloomberg's Juliette Sally in Singapore, Good morning, Juliette, Good morning,
Speaker 1: Nathan and Karen. The msci ASA Pacific Index was on
Speaker 1: course for a bear market, a drop of more than
Speaker 1: twenty cent from its February one peak. Japan's nick A
Speaker 1: two to five index had its worst session in a year,
Speaker 1: falling to November twenty twenty levels, Hong Kong stocks falling
Speaker 1: to July twenty sixteen lows. Johina c s I three
Speaker 1: hundred entered further into bear market territory, falling for at
Speaker 1: the fourth straight session. This despite a policy statement from
Speaker 1: the Nashville People's Congress over the weekend which failed to
Speaker 1: offer meaningful support for the market. In Singapore, Juliette Sally,
Speaker 1: Bloomberg Daybreak, juliet thank you as stock shall off more analyst,
Speaker 1: you're downgrading their outlaws for US equities. We get the
Speaker 1: latest four cash live from Bloomberg's or we need a
Speaker 1: young good morning, day to Good morning, Karen. Your Danny
Speaker 1: Research predicts the SNP five will drop another eight percent
Speaker 1: to about four thousand by the end of the year.
Speaker 1: Chief investment strategist ed Yar Danny says a recession cannot
Speaker 1: be ruled out given that jump in oil prices. Every
Speaker 1: Korey s I says the SMP could fall as low
Speaker 1: as thirty seven hundred. Chief equity strategist twullion E Manual
Speaker 1: says that a drop of about fifteen percent from Friday's
Speaker 1: Clothes could trigger action from the Federal Reserve to help
Speaker 1: stabilize markets. Before the war, the media SMP target for
Speaker 1: strategists was around five thousand. Now it's at about forty
Speaker 1: three hundred. Live in New York. I'm Renita Young Bloomberg Daybreak.
Speaker 1: All right, Nita. Thanks. As the war in Ukraine intensifies,
Speaker 1: the list of companies cutting ties with Russia is growing.
Speaker 1: Let's get that from Bloomberg's Lisa Mateo, Netflix, TikTok, Samsung,
Speaker 1: and credit card operators are the latest to either cut
Speaker 1: ties or review their operations in Russia. Netflix, which has
Speaker 1: been available in Russia since two thousand sixteen, has under
Speaker 1: one million customers in the country. Over the weekend. Visa
Speaker 1: and MasterCard also said they were suspending operations in Russia.
Speaker 1: Each gets about four percent of its net revenue from
Speaker 1: business link to Russia, and yesterday American Express said it
Speaker 1: was suspending its operations in USA and Belarus. Lisa Mateo
Speaker 1: Bloomberg Daybreak A Lisa, thank you, SMP futures down down
Speaker 1: seventy six points down, futures down five D seventy nine
Speaker 1: and NASTAC futures are lower by two hundred fifty five points.
Speaker 1: The tenure treasury yield one point seven two. Straight ahead,
Speaker 1: your latest local headlines and the check of sports. This
Speaker 1: is Bloomberg. Sounds six o seven on Wall Street where
Speaker 1: sixty one degrees in Central Park. We had an accident
Speaker 1: in Bedford. It's southbounds at four. Details coming up in traffic.
Speaker 1: First Michael Barr with more on what's going on in
Speaker 1: New York and around the world. Good morning, Michael, Good
Speaker 1: morning Nathan. Former New York Governor and Drew Cuomo appeared
Speaker 1: to be hinting at a political comeback in remarks at
Speaker 1: the Brooklyn Church on Sunday. The Democrats said he acknowledged
Speaker 1: his behavior wasn't appropriate, but to cry the political sharks
Speaker 1: and Albany who use sexual harassment accusations two, in his words,
Speaker 1: effectively overturn and election. Probably no, I've gone through a
Speaker 1: difficult period the past few months. I resigned his even
Speaker 1: or the press roasted me. My colleagues were ridiculed, my
Speaker 1: brother was fired. It was ugly. It was probably the
Speaker 1: toughest time of my life. Cuomo resigned in August, days
Speaker 1: after an independent probe concluded he sexually harassed eleven women.
Speaker 1: It's the next chapter for New York City about the
Speaker 1: COVID pandemic. Starting today, the city is dropping several mandates,
Speaker 1: including masks in schools and vaccination requirements for businesses. Also, today,
Speaker 1: restaurants would no longer ask for proof of vaccination before entering. Meanwhile,
Speaker 1: COVID nineteen deaths are about to hit the six million
Speaker 1: mark in the world. It is another tragic reminder about
Speaker 1: the deadliness of the pandemic. Even as masks are dropping
Speaker 1: and businesses are reopening around the globe, the US is
Speaker 1: nearing one million deaths alone. Vice President Kamala Harris was
Speaker 1: in Solma, Alabama, to mark the anniversary of a defining
Speaker 1: moment in the fight for equal voting rights. On March seven,
Speaker 1: nineteen sixty, white state troopers beat in tear gas black
Speaker 1: voting rights marchers attempting to cross the Edmund Pettis Bridge.
Speaker 1: Harris vowed to push for federal legislation that guarantees voting
Speaker 1: rights across the country. States past anti voting lawns laws
Speaker 1: that banned drop boxes and restrict early voting. Vice President
Speaker 1: Harris says the bravery of those fifties seven years ago
Speaker 1: is a reminder that freedom and democracy can never be
Speaker 1: taken for granted. Seven people are dead after tornado swept
Speaker 1: through central Iowa. Iowa Governor Kim Reynolds talked about the
Speaker 1: hundreds of volunteers who showed up to help. We show up,
Speaker 1: we take care of our family, we take care of
Speaker 1: our neighbors, and we take care of our community. Governor
Speaker 1: Reynolds says the deadly tornado had winds of up to
Speaker 1: one hundred sixty five. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Tank, powered by
Speaker 1: more than seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael Barr and this is Bloomberg, Nathan,
Speaker 1: Thank you, Michael, six on nine on Wall Street time
Speaker 1: for the Bloomberg Sports Update with John Stashwen Nathan Nix
Speaker 1: In l A. They jumped in front of the second quarter.
Speaker 1: I'm scoring the Clippers thirty four to eight. Team. Forgive
Speaker 1: Nick fans if they were not celebrating yet. During this
Speaker 1: stretch of seven straight losses sixteen losses in the last
Speaker 1: nineteen games, Nicks that sizeable leads Seemingly every game, they
Speaker 1: kept blowing the leads. This time they did not. They
Speaker 1: beat the Clippers one three. R. J. Barrett twenty four points,
Speaker 1: Emmanuel Quickley had twenty one. The coach Tom Thibodau from
Speaker 1: the All Star break on we played well in the
Speaker 1: Miami game, we played well. In both Philadelphia games. We
Speaker 1: played well. We don't have anything to show for it. Actually,
Speaker 1: unfortunate part, we didn't close it out right. And tonight
Speaker 1: we played well from start to finish, and so hopefully
Speaker 1: we can build on it and play tonight in Sacramento
Speaker 1: to answered their first two game winning streaking, almost two
Speaker 1: months after the Nets couldn't stop Jason Tatum in Boston.
Speaker 1: He poured in fifty four points. He had thirty four
Speaker 1: in the second half. Red Hot Celtics won one six
Speaker 1: one twenty. They've won fourteen of their last sixteen, while
Speaker 1: the Nets have lost seventheen of their last twenty have
Speaker 1: dropped under five hundred. Kevin Rant led Brooklyn with thirty seven,
Speaker 1: went over twenty five thousand career points, three in NBA
Speaker 1: history to do that. Solid went to the Rangers, two
Speaker 1: goals in the first period, two more in the third.
Speaker 1: They won four one at Winnipeg, pair of goals for
Speaker 1: Chris cry At a numbers thirty seven and thirty eight.
Speaker 1: Baseball players made a concession in an effort to end
Speaker 1: the lockout, giving their blessing to rule changes like a
Speaker 1: pitch clock and a reduction of shifting, but the economic
Speaker 1: issues remained. In fact, MLB says the two sides are
Speaker 1: now further apart another week's worth of regular season games.
Speaker 1: Racis we get cancer, John Statuetward blue Burn sports nap okay, John,
Speaker 1: thanks right now, it's in p Futures are down seventy
Speaker 1: one points down. Futures down five forty one nastack futures
Speaker 1: lower by two hundred forty seven points ten. Your treasury
Speaker 1: little changed at one point seven three percent yield West
Speaker 1: Texas Intermediate crewed up six point one percent a hundred
Speaker 1: twenty two dollars seventies. Sense of barrel. You're listening to
Speaker 1: Bloomberg Day right Blomberg eleven three oh weather increasing cloud
Speaker 1: showers and thunderstorms today with a high near seventy degrees,
Speaker 1: mostly sunny, breezy, cooler tomorrow upper forties for highs mid
Speaker 1: forties by Wednesday. Right now in Central Park Markets, headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot com, The Bloomberg Business at and at Bloomberg Quick Take.
Speaker 1: This is a Bloomberg Business slash and I'm Karen Moscow.
Speaker 1: This update, brought to you by Interactive Brokers Global Analysts,
Speaker 1: helps you find new global investment opportunities. To diversify your
Speaker 1: portfolio and discover undervalued companies that may have greater growth potential.
Speaker 1: Try ib k our Global Analysts today at ibk R
Speaker 1: dot com slash g A. Major stock markets from Europe
Speaker 1: to Asia are heading for bear markets, following more than
Speaker 1: two any percent from highs and maid fears of an
Speaker 1: inflation shock is crude oil source on the prospect of
Speaker 1: a ban on Russian supplies. We check the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg S and
Speaker 1: P Future is down about eighty points down Future is
Speaker 1: down five nine five NASDAG Future is down at two
Speaker 1: hundred sixty two. That's down one point nine percent. The
Speaker 1: docks in Germany is down three and a third percent.
Speaker 1: The ten year treasury little change at one point seven
Speaker 1: three percent, yield on the two year one point four
Speaker 1: seven percent. Nine X Scrude oil is at five point
Speaker 1: eight percent, up six dollars seventy cents at a hundred
Speaker 1: twenty two dollars thirty eight cents of barrel co MIxS.
Speaker 1: Gold is at one point nine percent or thirty six
Speaker 1: dollars eighty cents at two thousand three dollars forty cents announced.
Speaker 1: The euro one point eight three one against the dollar,
Speaker 1: British found one point three one four five, The yen
Speaker 1: is at one fifteen point oh six, and Bitcoin this
Speaker 1: morning is moving lower at thirty eight thousand, one hundred
Speaker 1: fifty dollars. That's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. President Vladimir Putin. Said again,
Speaker 1: war will continue until Ukraine accepts his demands and halts resistance,
Speaker 1: dimming hopes for a negotiated settlement. Meanwhile, a representative for
Speaker 1: Kiev has urged the United Nations Top Court to order
Speaker 1: Russia to halt. It's a devastating invasion of Ukraine. In
Speaker 1: the NBA the next one, the Celtics beat the Nets
Speaker 1: one twenty. The Wizards won. In the NHL, the Devil's
Speaker 1: beat the Blues and overtime three to the Rangers one.
Speaker 1: Major League Baseball reacted angrily to the latest offer by
Speaker 1: locked out players when bargaining resumed yesterday. Management accused the
Speaker 1: union of backtracking and showing no sign of a breakthrough
Speaker 1: to get the derailed season back on track. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven journalists and analysts more
Speaker 1: than a hundred twenty countries. I'm Michael bar this is Bloomberg, Nathan.
Speaker 1: Thanks Michael. We're coming up to six twenty on Wall
Speaker 1: Street line from the Bloomberg Interacted Broker Studios. This is
Speaker 1: Bloomberg Daybreak and Will Kennedy is with us now. Bloomberg
Speaker 1: News Executive of Editor for Energy and Commodities, as we
Speaker 1: look at this huge rally in oil, natural gas and
Speaker 1: other commodities this morning, will Good morning. When the trading
Speaker 1: started overnight, we saw that big spike just on the
Speaker 1: prospect of the US making a move on Russian oil
Speaker 1: and gas. What's the feeling in the market about where
Speaker 1: these oil prices could go from here? Good morning, make
Speaker 1: thank you for having me. Yes, what happened is that
Speaker 1: sanct you State Anthony Lincoln said yesterday that the US
Speaker 1: was considering an embargo on US oil imports. Now, the
Speaker 1: US itself imports relatively little Russian oil, but I think
Speaker 1: it's making trade is very fearful that this is going
Speaker 1: in one direction, and that a venger countries are likely
Speaker 1: to impose sanctions on Russian energy supplies. And don't forget
Speaker 1: that Russia exports five million bills a day of prude,
Speaker 1: another three million bills a day of oil products. That
Speaker 1: would have a huge impact on the global market. And
Speaker 1: that's what's happened, creating the prospect of considerable under apply
Speaker 1: and that's why we've got this extreme uh spike this morning.
Speaker 1: Now it's come back down a bit, since it still
Speaker 1: remains at very elevated levels of well above a hundred
Speaker 1: and twenty dollars a barrel here in London um. But
Speaker 1: the future to actually really depends on what those sanctions
Speaker 1: and oils look like if they materialize. Even if they
Speaker 1: don't materialize, though, if we have this concern in the
Speaker 1: market that there could be destabilization, does the run up
Speaker 1: in prices sort of become a self fulfilling prophecy. I
Speaker 1: think that's an extremely important point you make, Nathan. What
Speaker 1: we've seen since the Russian invasion of Ukraine is that
Speaker 1: a lot of people in the oil market have been
Speaker 1: very wary of buying Russian at all. And there are
Speaker 1: several reasons for that. Most importantly the prospect of getting
Speaker 1: involved in or embroiled in tougher sanctions. Secondly, there's been
Speaker 1: a reluctance by banks to finance trade in Russian oil.
Speaker 1: And Thirdly, a lot of people think it's inappropriate to
Speaker 1: buy Russian considering what's going on in Ukraine. And you
Speaker 1: put that all together, and we've got somewhat as of
Speaker 1: bias strikes, so we're getting this supply shortfall in any case,
Speaker 1: But as politicians and put the emetric as they say,
Speaker 1: more sanctions are coming, that becomes more acute. At the
Speaker 1: same time, we have seen major oil companies like Shell
Speaker 1: buying Russian oil and pretty steep discounts in the run
Speaker 1: up here that even before sanctions potentially could be put
Speaker 1: in place. When we have Russian oil being being sold
Speaker 1: at a major discount compared to Brent and West excess intermedia,
Speaker 1: what kind of impact does that have. Well, this is
Speaker 1: a very interesting case. Shells that, as you say, they
Speaker 1: bought a cargo and a very steep discount on Friday,
Speaker 1: and that discount exists because there were so few people
Speaker 1: willing to buy Russian oil. The Eules grade, as it's called,
Speaker 1: the main export grade that goes to Europe. There were
Speaker 1: very few bias for Eules and Shell stepped in. But
Speaker 1: what was interesting was the reaction afterwards. The Ukrainian Foreign
Speaker 1: Minister said some very provocative things on Twitter about how
Speaker 1: the oil must smell of blood, and Shell was forced
Speaker 1: to put out two statements afterwards justifying its decision and
Speaker 1: saying that it had been taken in conjunction with after
Speaker 1: consultations with governments. Um I think it may have made
Speaker 1: people wary about buying Russian oil. Um, so there are
Speaker 1: buyers out there, but just how many we'll see later
Speaker 1: today when we look at the latest trades in Russian
Speaker 1: If we are sanctions were to be put in place,
Speaker 1: either by the US or you know, coordinated fashion, what
Speaker 1: kind of reconfiguration of the global supply chain in oil
Speaker 1: could we see? Well, China would probably be buying a
Speaker 1: lot more Russian oil at the moment, I buy some
Speaker 1: food pipeline from Far Eastern terminals, but it would probably
Speaker 1: be shipping more oil all the way from the Black Sea,
Speaker 1: even the Baltic Sea. Likewise, India big oil consumer, so
Speaker 1: you're gonna see You're going to see an Eastwood drift
Speaker 1: in Russian oil and that oil would be have to
Speaker 1: be replaced probably by Europe and the US taking more
Speaker 1: oil in the Middle East. So you would see changes
Speaker 1: in the flows of oil around the world that all
Speaker 1: our sources supply in the Atlantic basin Africa for example,
Speaker 1: but you know globally, supplies all the already very tight
Speaker 1: even before the war in Ukraine, uh, you know outpit
Speaker 1: with having to raise production, auto prices were rising, so
Speaker 1: it's a very difficult situation and that's why you're seeing
Speaker 1: this an enormous volatility and include all prices. Yeah, we're
Speaker 1: certainly watching it play out in real time right now
Speaker 1: with Brent up five point seven percent, a hundred twenty
Speaker 1: four dollars eighty nine cents of barrel in West Texas
Speaker 1: Intermediate right now up six nine. Will Kennedy, our executive
Speaker 1: editor for Energy and Commodities of Bloomberg News, thanks for
Speaker 1: the time this morning. Appreciate the insights. Looking at the
Speaker 1: equity markets, they're falling. Sp futures down sixty three point,
Speaker 1: Staff futures down four one and nastack futures lower by
Speaker 1: two hundred twenty eight points. Little change to the tenure.
Speaker 1: It's at one point seven to yield. You're listening to
Speaker 1: Bloomberg Daybreak Bloomberg eleven three oh weather showers and thunderstorms
Speaker 1: developing today, breezy with a high near seventy. By tomorrow,
Speaker 1: will be in the upper forties under mostly sunny sky,
Speaker 1: clouds in mid forties by Wednesday. Currently sixty one in
Speaker 1: Central Park. Broadcasting live from the Bloomberg Interactive Broker Studio
Speaker 1: in New York. Bloomberg Living Free On to Washington, d C.
Speaker 1: Bloomberg on to Boston, Bloomberg one all six one to
Speaker 1: San Francisco, Bloomberg nine sixty to the country, Sirius XM
Speaker 1: to A one nineteen, and around the globe, the Bloomberg
Speaker 1: Business app and Bloomberg Radio dot com. This is Bloomberg
Speaker 1: Daybreak six thirty on Wall Street. Good morning, I'm Nathan
Speaker 1: Hager and I'm Karen Moscow, and 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 start your day.
Speaker 1: Brought to you by Interactive Brokers. Trade crypto for less
Speaker 1: coin with commissions just twelve to eighteen basis points and
Speaker 1: no hidden spreads or markups. Learn more at ibk r
Speaker 1: dot com, slash crypto at first. The latest on the
Speaker 1: war in Ukraine. Russia says is agreed to a ceasefire
Speaker 1: to open up humanitarian corridors in some cities, but Ukraine
Speaker 1: says Moscow is still shooting near the capital Kiev and
Speaker 1: near the port city of Mariopol, where about two hundred
Speaker 1: thousand civilians are trapped. The Mayor of Kiev of Itali
Speaker 1: Klitchko says Ukraine needs more support. We need unity, we
Speaker 1: need Prussia, we need sanctions, we need the weapons support.
Speaker 1: The mayor of Kiev was a guest on ABC's This
Speaker 1: Week or at Sundays on Bloomberg Radio. Well Maytime, Karen
Speaker 1: Global stocks are selling off an oil is soaring on
Speaker 1: the prospect of a ban on Russian supplies. Bloomberg Goose
Speaker 1: has learned the White House is considering whether to prohibit
Speaker 1: Russian oil imports into the US without the participation of
Speaker 1: allies in Europe. Here's California Democratic Congressman Adam Chef, I
Speaker 1: think is very strong by Parsons support to cut off
Speaker 1: Russian oil and gas sales to the United States. It's
Speaker 1: an affaba. I think to many of us in Congress
Speaker 1: that while we were sanctioning them and trying to cripple
Speaker 1: their economy, that we would help them in any way
Speaker 1: by purchasing their petroleum. But I think the Administration wants
Speaker 1: to make sure that we work with our allies. Congressman
Speaker 1: Adam Schiff made the comments on Face the Nation from
Speaker 1: CBS heard Sundays on Bloomberg Radio. As for the reaction
Speaker 1: in the oil market, Nathan had originally jumped as much
Speaker 1: as eighteen percent on the prospect of a ban on
Speaker 1: Russian crewed right now nine x screwed oil is up
Speaker 1: more than a six percent and Brent is up about
Speaker 1: six percent itself. Gold Future has jumped above two thousand
Speaker 1: dollars announced for the first time in more than eighteen months,
Speaker 1: while copper and palladium hit all time highs a stock
Speaker 1: sell off around the world, more analystsed downgrading their outlooks
Speaker 1: for US equities. Let's get the details live from Bloomberg's
Speaker 1: Runia Young, Ronita Nathan Yar. Danny Research predicts the S
Speaker 1: and P five would drop to four thousand by the
Speaker 1: end of this year. Chief investment strategist ed Yard Danny
Speaker 1: says a recession cannot be ruled out given that jump
Speaker 1: in oil prices. Ever, cor I s I says the
Speaker 1: SNP could fall as low as thirty seven hundred. Before
Speaker 1: the war, the SMP median target for strategists was around
Speaker 1: five thousand. Now it's a about forty three hundred. Live
Speaker 1: in New York. I'm Nita Young, Bloomberg Day break. All right, Nita,
Speaker 1: thank you, and the corporate excident. The corporate exodus from
Speaker 1: Russia continues today, Netflix, TikTok, Samsung, Visa MasterCard in American
Speaker 1: Express of the latest companies to either cut ties or
Speaker 1: review their operations in the country. And this is Bloomberg,
Speaker 1: all right, Karen, Thanks sixty three on Wall Street, sixty
Speaker 1: one degrees in Central Park. Got an accident in Queen's
Speaker 1: on the l I E West bounded wood Haven Boulevard.
Speaker 1: Details coming up in traffic. First Michael Barr with more
Speaker 1: on what's going on in New York and around the world.
Speaker 1: Good morning, Michael, Good morning Nathan. Former New York Governor
Speaker 1: Andrew Cuomo is making a campaign style speech at a
Speaker 1: Brooklyn church. He hinted at a possible political comeback. Cromo
Speaker 1: resigned in August after an independent investigation found he sexually
Speaker 1: harassed nearly a dozen women. Now he attributed some of
Speaker 1: his behavior to quote perspectives that changed, but made the
Speaker 1: point that none of the cases were substantial enough to
Speaker 1: be prosecuted. The actions against me were prosecutorial misconduct. That
Speaker 1: is clear. They did' act in the interest of justice.
Speaker 1: The district attorneys proved that they acted in their own
Speaker 1: self interest. They wanted me out because they wanted my job.
Speaker 1: Auomo Sunday called it the toughest time of his life.
Speaker 1: It's the next chapter for New York City about the
Speaker 1: COVID pandemics. Starting today, the city is dropping several mandates,
Speaker 1: including masks in schools and vaccination requirements for businesses. Also today,
Speaker 1: restaurants were no longer asked for proof of vaccination before
Speaker 1: entering the world is about to hit a grim milestone.
Speaker 1: We're approaching six million deaths because of COVID. The U
Speaker 1: S has about one million deaths alone. Vice President Kamala
Speaker 1: Harris visited self, Alabama, yesterday to commemorate at a fining
Speaker 1: moment in the fight for equal voting rights. Harris linked
Speaker 1: arms with activists from the civil rights movement and let
Speaker 1: thousands across the Edmund Pettis Bridge, where on March seven,
Speaker 1: white state troopers attack black voting rights marchers attempting to
Speaker 1: cross their bravery is a reminder that freedom and democracy
Speaker 1: can never be taken for granted. Vice President Harris also
Speaker 1: called for lawmakers today to pass the John Lewis Voting
Speaker 1: Rights Act. Florida state officials say all available resources, including
Speaker 1: National Guard helicopters, have been brought in to fight two
Speaker 1: large wildfires in Florida's Panhandle. Governor Rhonda Santis we are
Speaker 1: working with really all hands on deck to be able
Speaker 1: to mitigate this, and it's a really really significant certain
Speaker 1: certainly multiple fires, a major fire, you know, out there
Speaker 1: that we were able to see, According to Governor to Santis.
Speaker 1: The Florida Forest Service says two fires in Bay County
Speaker 1: are the big guest of nearly a hundred fifty wildfires
Speaker 1: in the state that are burning more than twelve thousand acres.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: under journalist and analysts more than a hundred twenty countries.
Speaker 1: Michael Barr and this is Bloomberg, Nathan. Thank you, Michael.
Speaker 1: Almost six thirty six on Wall Street time for the
Speaker 1: Bloomberg Sports Update. Here again is John stash Hour. Nathan,
Speaker 1: nothing unusual about the Knicks grabbing a big lead. What
Speaker 1: was different last nut in l A. They held onto it.
Speaker 1: Knicks last month lost three games when they were ahead
Speaker 1: by more than twenty points. They blew a fourteen point
Speaker 1: lead Friday in Phoenix. The Sun's won that game on
Speaker 1: a banked in three point at the buzzer. That was
Speaker 1: the nixt seventh loss in a row. But in l A,
Speaker 1: Nicks faith Clipference one sixteen ninety three r J. Barrett
Speaker 1: twenty four points. Great because we know we've been playing
Speaker 1: extremely well overall. Definitely a couple of games that we
Speaker 1: should have won, especially the last game, you know that one, right,
Speaker 1: so coming here today and played like that from start
Speaker 1: to finishing them. The bench played well. Manual quickly scored
Speaker 1: twenty one. Cam Reddish at his best game as a
Speaker 1: Nick was seventeen X play again tonight in Sacramento. Julius
Speaker 1: Randall got thrown out of that game in Phoenix he
Speaker 1: shoved a player he made contact with the RAF. Randall
Speaker 1: has been fined fifteen thousand dollars. In Boston it was
Speaker 1: Kevin Duran versus Jason tad Um Katie score thirty seven points.
Speaker 1: Tatum went for fifty four thirty four in the second
Speaker 1: half Celtics pet Nets on six to one. Twenty. Boston's
Speaker 1: won fourteen to the last sixteen. Brooklyn has dropped seventeen
Speaker 1: in the last twenty. The Nets are now under five hundred.
Speaker 1: Rangers won four one at Winnipeg, two more goals for
Speaker 1: Chris cryed Are now has thirty eighties, tied for second
Speaker 1: in the NHL. Devil's the three two overtime went over St.
Speaker 1: Louis W. Hamilton's at the game winner College Hoops a
Speaker 1: scare for Rutgers, but the Scarlet Knights held on to
Speaker 1: top Penn State fifty nine fifty eight. Much needed win
Speaker 1: for Rutgers if they're able to gain entry to the
Speaker 1: upcoming n c A tournament. Doll Scottie Scheffler, who won
Speaker 1: in Phoenix last month, one again at bay Hill by
Speaker 1: two shots. John stash ewin Bloomberg's court sleeping Okay, John,
Speaker 1: thank you? At sixty seven on Wall Street. We want
Speaker 1: to get more now on the commodity rally we are
Speaker 1: seeing this morning on the latest developments of the war
Speaker 1: in Ukraine. Bloomberg Intelligence commodity strategist Mike mcgloan is with
Speaker 1: us this morning. Obviously a lot of attention on the
Speaker 1: oil market this morning. Mike, how high could oil prices
Speaker 1: go in this environment? And most people say unlimited levels,
Speaker 1: But if you just you look at the extremes from
Speaker 1: the Gulf, the all time high in two thousand and eight,
Speaker 1: we're right about there right now, right now, we're two
Speaker 1: point one time is the sixty month average. I use
Speaker 1: that because it's a five year average in crudel. So
Speaker 1: we're at the most extreme we've been in the last
Speaker 1: forty years in crudel for rallies, And what the market
Speaker 1: is doing is pricing in the risk of just a
Speaker 1: complete shutdown of supply from Russia. Number One, that's probably
Speaker 1: unlikely because that's all going to go to China. And
Speaker 1: if you just consider Russia's exports maybe six percent of
Speaker 1: total exports in the world, if we completely cut it off,
Speaker 1: we've more than price set in. So right now we're
Speaker 1: at the stage of maximum extreme hitting the stops, flushing
Speaker 1: out all the weak positions. But just looking at extremes
Speaker 1: the last forty years, we are very close right now
Speaker 1: about a d two dollars a barrel as the peak
Speaker 1: and the teak in two tho on a relative rally basis.
Speaker 1: And you say the same about the rally we're seeing
Speaker 1: in other commodities like heavy metals, like agricultural goods. Agriculture
Speaker 1: is a little bit more different. In fact, agriculture is
Speaker 1: pretty extreme. So let's look at wheat. This is the
Speaker 1: second limit update in a row, which means there is
Speaker 1: going to be many of positions who are getting stopped
Speaker 1: out and they can't cover. There'll be many people getting hurt.
Speaker 1: But this is an absolute boom for North American producers.
Speaker 1: They'll do fine. The significance is in the longer term.
Speaker 1: Russia is one of the largest suppliers of fertilizers for
Speaker 1: most countries in the world, not the US. US is
Speaker 1: very independent there, but they're going to have long and
Speaker 1: enduring issues with low yields, which might keep prices high
Speaker 1: for well. So I see what you see in the
Speaker 1: screens now to me my main takeaways, this is going
Speaker 1: to be an absolute boom for North American commodity producers,
Speaker 1: most notably the corn bell will do very well. Man,
Speaker 1: we'll probably peak soon, but they'll see well above the
Speaker 1: prices they were the last ten years, five ten years,
Speaker 1: and North American energy producers will do very well. Remember
Speaker 1: the biggest issue in Europe right now is liquid fied
Speaker 1: natural gas, and the largest liquefied natural gas explorter on
Speaker 1: the planet is now US. So what you're seeing now
Speaker 1: is going to be a boom for the producers, and
Speaker 1: if we can get a little help from our government,
Speaker 1: I think this will be like an arsenal democracy during
Speaker 1: World War Two, where the US will really do well
Speaker 1: in this environment. It's from a commodity production standpoint. Thanks
Speaker 1: for this, Mike, Good to have you on with us.
Speaker 1: Mike mcgloan is a commodity strategist at Bloomberg Intelligence. Just
Speaker 1: taking a look at the crude market right now, Nimex
Speaker 1: screws up six point one percent of seven dollars one
Speaker 1: cent d dollars sixty nine cents for a barrel of
Speaker 1: West Texas Intermediate Brent. The international benchmark is of five
Speaker 1: point eight percent of six dollars and add five dollars
Speaker 1: four cents. Natural gas features are up two point seven
Speaker 1: percent at five fifteen. As for stocks, they are moving lower,
Speaker 1: with S and P futures down sixty seven points down,
Speaker 1: futures down five, Nasdaq futures down two points. In the
Speaker 1: tenure treasury up one thirty second, the yield one point
Speaker 1: seven to latest on the Biden administrations thinking about a
Speaker 1: Russian oil embargo, will check in with Bloomberg Government Semily Wilkins.
Speaker 1: Next to this is Bloomberg Bloomberg eleven three oh weather.
Speaker 1: Showers and storms today with a high near seventy degrees,
Speaker 1: mostly sunny, breezy, cooler Tomorrow, upper forties will be in
Speaker 1: the mid forties, mostly cloudy by Wednesday, currently six one
Speaker 1: in Central Park Markets. Headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business
Speaker 1: at and at Bloomberg Quick Tape is a Bloomberg Business
Speaker 1: Flash and I'm Karen Moscow and US dot Index futures
Speaker 1: are falling this morning, NIMEX, screwed oil is jumping. We
Speaker 1: go to the first sword breaking news dask for today's
Speaker 1: morning call, and here's Bill Maloney. Bill, good morning, Good morning, Karen.
Speaker 1: That's right. US features are under pressure again today, with
Speaker 1: doubt Future currently out four hundred and sixty eight points,
Speaker 1: s A B S drop sixty two, MASTIC futures lower
Speaker 1: by two hundred and nine, the US tenure yield at
Speaker 1: one point seven three percent, Gold is up twenty oil
Speaker 1: is climbing, and Bigcoin is down by two percent. Hong
Speaker 1: Kong fell three point nine percent overnight, while up markets
Speaker 1: are also under pressure, led by three percent losses in Germany.
Speaker 1: Back in the US, on the economic front, three o'clock
Speaker 1: consumer credit and a deal news Oasis Petroleum and Whitening
Speaker 1: are close to a deal to merge. In other news,
Speaker 1: Carl I kind of said to sell his remaining occidental
Speaker 1: steak and Moody's cut rushes credit rating further into junk territory.
Speaker 1: Rapid things up, Mosaic cut to hold that, HSBC City
Speaker 1: Group cuts ahold of Jeffreys, Philip Morris cut to neutral
Speaker 1: at JP Morgan and U S Steel was raised to
Speaker 1: eco weight over at Morgan Stanley. Live from the First
Speaker 1: Breaking News Descomb, Bill Maloney care Verry, Bill, thank you
Speaker 1: to hear live breaking news over your Bloomberg tive squawk
Speaker 1: on your terminal SCU A w K and that's a
Speaker 1: Bloomberg business flash. Now here's Michael Barrow with more on
Speaker 1: what's going on around the world. Michael, thank you very much, Karen.
Speaker 1: Even as Russia announced the ceasefire starting this morning and
Speaker 1: the opening of humanitarian corridors in several areas, it's armed
Speaker 1: forces continued to pummel Ukrainian cities, rockets at residential buildings.
Speaker 1: A large group of truck drivers who object the COVID
Speaker 1: nineteen man dates drove two loops around the beltways surround
Speaker 1: in Washington yesterday. They deliberately moved slowly to impact traffic
Speaker 1: and make their feelings known to lawmakers in the NBA,
Speaker 1: The next one the Celtics beat the Nets, one twenty
Speaker 1: the Wizards one in the NHL, the Devil's beat the Blues,
Speaker 1: and over time three two the Rangers one. Global News
Speaker 1: twenty four hours a day on air and on bloom
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: hundred journalists analyists more than a hundred twenty countries. Michael
Speaker 1: bar this is Bloomberg. Karen, alright, Michael, thank you. At
Speaker 1: sixty nine on Wall Street. We turned news and science
Speaker 1: and technology. Now at the Bloomberg and j I T
Speaker 1: STEM Report. It has brought to you by New Jersey
Speaker 1: Institute of Technology n j I Team makes Infrastructure a
Speaker 1: Ready graduates from civil engineers to transportations specialists. If it's infrastructure,
Speaker 1: and j I T grads are building it. More at
Speaker 1: n j I T dot e DU. Now here's this
Speaker 1: making news and science, technology, engineering, and math. Account of
Speaker 1: worldwide deaths from COVID nineteen is nearing six million. According
Speaker 1: to data compiled by Johns Hopkins University and Bloomberg, the
Speaker 1: US alone accounted for sixt of the last million deaths.
Speaker 1: That's the highest share of any country COVID continues to
Speaker 1: kill thousands of people every day. Billions more remain unvaccinated,
Speaker 1: either because they lack access to the shots or unwilling
Speaker 1: to receive them. Two years after the pandemic began New
Speaker 1: Zealanders or finally facing its reality. After keeping the virus
Speaker 1: at bay for so long, COVID is now tearing through
Speaker 1: the nation's population courtesy of the highly infectious omicron variant.
Speaker 1: In the space of two weeks, new case of numbers
Speaker 1: exploded from less than a thousand a day to more
Speaker 1: than twenty two thousand. And Apple will hold this first
Speaker 1: event of the year tomorrow and you can expect updates
Speaker 1: of the iPhone, iPad and maclaws and once again the
Speaker 1: event will be virtual. It's also only the first of
Speaker 1: many events this year, so Apple's product news will be
Speaker 1: released gradually. And that's the Bloomberg n j I T
Speaker 1: STEM Report. Nathan, Thank you, Karen. We are live from
Speaker 1: the Bloomberg Interactive Broker Studios where it is six fifty
Speaker 1: on Wall Street time now to check what's going on
Speaker 1: in d C. Some of the tough stories in our
Speaker 1: nation's capital include the Biden administration looking for more ways
Speaker 1: to help Ukraine. As the war drags into its second week,
Speaker 1: Secretary of State Antony B. Lincoln tells CBSS Face the Nation,
Speaker 1: the US is working with Poland to send fighter jets
Speaker 1: to the Ukrainians. That gets the green light. In fact,
Speaker 1: we're talking with our Polish friends right now about what
Speaker 1: we might be able to do to backfill their needs if,
Speaker 1: in fact they choose to provide these fighter jets to
Speaker 1: to the Ukrainians. But the US and NATO have rejected
Speaker 1: calls for a no fly zone. Republicans editor Marco Ruby
Speaker 1: hotels ABC's This Week that's the right call. People need
Speaker 1: to understand what a no fly zone means. It's not
Speaker 1: just it's not some rule you pass that everybody has
Speaker 1: to oblige by. It's the willingness to shoot down the
Speaker 1: aircraft of the Russian Federation, which is basically the beginning
Speaker 1: of World War Three. Still, the White House is facing
Speaker 1: more pressure to sanction Russian oil and gas, even if
Speaker 1: it means higher prices at the pump. Democratic Senator Joe
Speaker 1: Mansion was on NBC's Meet the Press, Look at the
Speaker 1: gas not four dollars. It wasn't because of this inflation
Speaker 1: is already reach havoc on it now, And basically we're
Speaker 1: gonna say we're gonna set back now because we're fraid
Speaker 1: it might go up a little bit more. It might
Speaker 1: go up anyway, and we haven't done nothing. Meet the
Speaker 1: Press this week and Face the Nation can all be
Speaker 1: heard every Sunday right here on Bloomberg Radio. And for more,
Speaker 1: we're joined by Bloomberg Government reporter Emily Wilkins from our
Speaker 1: Bloomberg studios in Washington, d C. So this morning, after Emily,
Speaker 1: now we are hearing that the White House is getting
Speaker 1: closer to a potential ban on Russian oil and gas imports. Yes,
Speaker 1: we saw how Speaker Nancy Pelosi, who announced the past
Speaker 1: week that she was supportive of such a ban, uh
Speaker 1: tell lawmakers that the House is working on legislation that
Speaker 1: could ban Russian oil imports. But we also know that
Speaker 1: the Biden administration is considering such a ban, their debating
Speaker 1: moving forward without their European allies, at least initially. Secretary
Speaker 1: of State Anthony B. Lincoln he was in Eastern Europe
Speaker 1: over the weekend, and he told NBC's Meet the Press
Speaker 1: that the US is an active discussion with European allies
Speaker 1: about banning Russian oil um B. Lincoln added that oil
Speaker 1: surprise as would need to be ensured if that happened,
Speaker 1: and their discussions actually going on with Venezuela right now
Speaker 1: to see if they could potentially increase their production. I mean,
Speaker 1: the big concern here for the Biden administration, for Democrats
Speaker 1: in general, is that this is going to leave to
Speaker 1: higher gas prices at a time where so many Americans
Speaker 1: are already feeling squeezed by inflation. But as you heard
Speaker 1: Senator Joe Manchin say in that clip, there's also a
Speaker 1: growing sense that the US needs to do whatever it
Speaker 1: can at this point to put pressure on Russia to
Speaker 1: end their invasion of Ukraine, UH, to come to the table,
Speaker 1: and and to to sort of take the diplomacy route again.
Speaker 1: And so this is something that lawmakers seemed very willing
Speaker 1: to do, even if it does mean that there is
Speaker 1: going to be some additional pain at the gas pump.
Speaker 1: Is this the kind of thing that Congress could go
Speaker 1: ahead with on its own? I'm asking what what more
Speaker 1: Congress is thinking about in terms of the kinds of
Speaker 1: sanctions pressure it could put on. Yeah, So this is
Speaker 1: something where if you remember, Congress was actually considering a
Speaker 1: sanctions package before the Biden administration moved. Part of the
Speaker 1: reason was that they couldn't come to an agreement on that,
Speaker 1: but a lot of that was about the timing of sanctions.
Speaker 1: So there is a little bit more consensus at this
Speaker 1: point now that Russia has already invaded um. Pelosi said
Speaker 1: that potential legislation from the House could, in addition to
Speaker 1: the oil band, also repeal normal trade relations with both
Speaker 1: Russia and Belarus, as well as take the first steps
Speaker 1: to deny Russia access to the World Trade Organization and
Speaker 1: allow the White House to increase tariffs on Russian imports.
Speaker 1: So certainly lawmakers think that there is more that can
Speaker 1: be done here, although we don't at this point don't
Speaker 1: really have a sense of when the House might take
Speaker 1: up that piece of legislation. Pelosi said that they were
Speaker 1: exploring it, which makes it sound like this won't be
Speaker 1: something that happens quickly, especially given the fact that Congress
Speaker 1: this week will be focused on passing funding so the
Speaker 1: government doesn't shut down on Friday. Oh that's coming up
Speaker 1: as well. Okay. Now, in the meantime, Yeah, there's also
Speaker 1: been some question about what effect if any Russian sanctions
Speaker 1: could have on the Iran nuclear deal because of course
Speaker 1: Russia is a party to that, and there was this
Speaker 1: demand over the weekend from Russia that any sanctions wouldn't
Speaker 1: have any impact on their trade with Iran. What's the
Speaker 1: White House response to that. I mean, they are staying
Speaker 1: at this point. Um. Anthony B. Lincoln told CBS that
Speaker 1: it's really not in Russia's interest for Iran not to
Speaker 1: be able to have a nuclear weapon. Um that Russia,
Speaker 1: you know that there is a reason that they need
Speaker 1: to be at the table um and discussing this, and um,
Speaker 1: you know, over the weekend there was some major progress made.
Speaker 1: Iran did agree to help the International Atomic Energy Agency
Speaker 1: finished this contentious investigation into the country's past actions, and
Speaker 1: so it does seem like progress is being made with
Speaker 1: the Iran nuclear deal. One of the big hurdles left
Speaker 1: is that Anthony Lincoln still needs to meet with his
Speaker 1: Israeli counterpart in Israel has really opposed this steal, and
Speaker 1: so there is one of the challenges that that remains
Speaker 1: at this point. Many challenges coming out of Washington that
Speaker 1: I know you're going to be keeping on top of
Speaker 1: for the days and weeks to come. Bloomberg Government reporter
Speaker 1: Emily Wilkins with us from the nation's capital. You can
Speaker 1: read more about all these stories on bloomber dot com
Speaker 1: or on the Bloomberg terminal, and follow the latest on
Speaker 1: Bloomberg Radio in Washington Bloomberg and one oh five point
Speaker 1: seven FM HD two. Karen, all right, Nathan, thank you.
Speaker 1: It is six fifties six on Wall Street, and this
Speaker 1: is Bloomberg Day Break. March is Women's History Month, and
Speaker 1: every day this month we're celebrating significant moments in women's history. Now,
Speaker 1: if your installment for March seventh, here is Bloomberg's renny
Speaker 1: to young well on this day in women's history. In two,
Speaker 1: Catherine Bigelow becomes the first woman to win an Academy
Speaker 1: Award for Best Director. It was for the hurt Locker
Speaker 1: Bigelow Study painting at the San Francisco Art Institute. In
Speaker 1: the early nineteen seventies, she moved to New York City
Speaker 1: to participate in the Whitney Museum's independent study program. She
Speaker 1: soon became interested in filmmaking and eventually earned a scholarship
Speaker 1: to the Graduate Film School at Columbia University. After graduation,
Speaker 1: she began working on her first feature length movie, The Loveless,
Speaker 1: which she co wrote and co directed. Bigelow had a
Speaker 1: stint at teaching at the California Institute of the Arts
Speaker 1: in the nineteen eighties before returning to the big screen.
Speaker 1: She continued to be a box office success with several
Speaker 1: films and solidified her place in the traditionally male dominated
Speaker 1: world of action films. That's today in women's history. I'm
Speaker 1: Nita Young Bloomberg Radio, Right Granita, thank you, and right now,
Speaker 1: futures are lower. SNP Future is down fifty three points
Speaker 1: and down Future is down four hundred six and NAZZAG
Speaker 1: futures down one eight ten year treasury down three thirties seconds.
Speaker 1: He had one point seven four percent, and they yield
Speaker 1: on the two years at one point for a nine
Speaker 1: percent and nine ex Screte oil is up seven point
Speaker 1: one percent and a hundred twenty three dollars eighty nine
Speaker 1: cents of barrel for Nathan Hagar. I'm Karen Moscow. This
Speaker 1: is Broomberg.