1 00:00:03,080 --> 00:00:06,359 Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg 2 00:00:06,440 --> 00:00:11,840 Speaker 1: Daybreak for Wednesday, February. Coming up this hour, President Biden 3 00:00:11,840 --> 00:00:15,600 Speaker 1: warns the threat remains that Russia will invade Ukraine. Investors 4 00:00:15,600 --> 00:00:19,200 Speaker 1: await minutes from the fans latest policy meeting. UK inflation 5 00:00:19,280 --> 00:00:23,080 Speaker 1: unexpectedly accelerates for a fourth straight month, and Disney drops 6 00:00:23,120 --> 00:00:27,040 Speaker 1: its mass mandate for a fully vaccinated theme. Podcast Sandy 7 00:00:27,080 --> 00:00:30,160 Speaker 1: Hook families win a settlement with gunmaker Runnington A New 8 00:00:30,240 --> 00:00:33,680 Speaker 1: York state's mask mandate ends today. I'm John Tucker. Those 9 00:00:33,720 --> 00:00:37,120 Speaker 1: stories straight ahead. I'm John Stash Howard Sports. The Rangers 10 00:00:37,120 --> 00:00:39,600 Speaker 1: wanted to shoot at the Islanders and Devils both lost, 11 00:00:39,640 --> 00:00:44,960 Speaker 1: so did the US Olympic hockey team. That's all straight 12 00:00:45,000 --> 00:00:49,200 Speaker 1: ahead on Bloomberg day Break on Bloomberg eleven, Frio, New York, 13 00:00:49,360 --> 00:00:54,080 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 14 00:00:54,240 --> 00:00:58,760 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 15 00:00:59,120 --> 00:01:01,920 Speaker 1: and around the world Old on Bloomberg Radio dot Com 16 00:01:01,960 --> 00:01:08,800 Speaker 1: and via The Bloomberg Business. Good Morning, I'm Nathan Hagar 17 00:01:09,440 --> 00:01:12,720 Speaker 1: and I'm Karen Moscow. And futures are lower this morning, 18 00:01:12,760 --> 00:01:14,960 Speaker 1: and we check the markets every fifteen minutes throughout the 19 00:01:15,000 --> 00:01:18,800 Speaker 1: trading day on Bloomberg SMP Future as well. They're little 20 00:01:18,920 --> 00:01:21,720 Speaker 1: change now, but little change to lower down about shoe 21 00:01:21,840 --> 00:01:24,720 Speaker 1: down futures are about the same, down twenty two and 22 00:01:24,800 --> 00:01:27,640 Speaker 1: nasdack futures down eleven right now, the ten year treasury 23 00:01:27,680 --> 00:01:30,880 Speaker 1: up one thirty second hell two point out three percent. Nathan, 24 00:01:31,000 --> 00:01:32,680 Speaker 1: all right, Karen, we'll have more on the markets in 25 00:01:32,720 --> 00:01:35,199 Speaker 1: just a minute. But first, President Biden says a Russian 26 00:01:35,240 --> 00:01:38,640 Speaker 1: attack against Ukraine is still very much a possibility. He's 27 00:01:38,640 --> 00:01:42,600 Speaker 1: warning that sanctions against Russia won't come without pain for Americans. 28 00:01:42,800 --> 00:01:46,480 Speaker 1: Amy Morris has the latest from our Bloomberg newsroom in Washington. 29 00:01:47,040 --> 00:01:50,760 Speaker 1: President Biden says the sanctions envisioned by his administration against 30 00:01:50,880 --> 00:01:55,200 Speaker 1: Moscow would create long term consequences that would undermine Russia's 31 00:01:55,240 --> 00:01:58,960 Speaker 1: ability to compete economically and strategically. So, he says, the 32 00:01:59,000 --> 00:02:02,000 Speaker 1: administration is all so taking steps to alleviate pressure on 33 00:02:02,200 --> 00:02:07,040 Speaker 1: US energy markets and offset rising prices. Russian desizement bade 34 00:02:07,080 --> 00:02:10,120 Speaker 1: that would also have consequences here at home. But the 35 00:02:10,160 --> 00:02:15,120 Speaker 1: American people understand that defending democracy and liberties never without cost. Meanwhile, 36 00:02:15,160 --> 00:02:17,680 Speaker 1: some Ukrainian banking and government websites were hit with a 37 00:02:17,680 --> 00:02:21,040 Speaker 1: denial of service attack. The US has offered to help investigate. 38 00:02:21,320 --> 00:02:24,920 Speaker 1: Russian officials have repeatedly denied any plans to attack Ukraine. 39 00:02:25,240 --> 00:02:28,280 Speaker 1: In Washington, I maybe Morris Bloomberg daybreak, All right, Amy, 40 00:02:28,320 --> 00:02:31,360 Speaker 1: thank you. Meanwhile, a standoff over one of President Biden's 41 00:02:31,400 --> 00:02:34,000 Speaker 1: nominees to the Federal Reserve is putting all of them 42 00:02:34,000 --> 00:02:37,160 Speaker 1: in limbo. Republicans on the Senate Banking Committee are blocking 43 00:02:37,240 --> 00:02:40,320 Speaker 1: Sarah bloom Raskin's confirmation. They say they want to know 44 00:02:40,440 --> 00:02:43,680 Speaker 1: more about a special master account that the Kansas City 45 00:02:43,680 --> 00:02:47,000 Speaker 1: Fed granted to a Colorado based fintech while Raskins served 46 00:02:47,000 --> 00:02:50,160 Speaker 1: on its board. Republican Senator Bill Haggard Ay sits on 47 00:02:50,200 --> 00:02:52,880 Speaker 1: the Banking Committee. The more than thirty five questions where 48 00:02:52,960 --> 00:02:55,640 Speaker 1: her answers provided were blanket. I do not recall or 49 00:02:55,680 --> 00:02:58,520 Speaker 1: I'm not aware in response to questions on this. So 50 00:02:58,680 --> 00:03:00,360 Speaker 1: we have not gotten to the bottom of this, and 51 00:03:00,400 --> 00:03:02,520 Speaker 1: we need more information, and until we do, I'm not 52 00:03:02,560 --> 00:03:05,359 Speaker 1: prepared to vote on her. Tennessee Senator Bill Haggard A 53 00:03:05,440 --> 00:03:08,639 Speaker 1: spoke with our Washington correspondent Joe Matthew on Bloomberg's Sound 54 00:03:08,680 --> 00:03:11,800 Speaker 1: On Catch the program's weekdays at five pm Eastern on 55 00:03:11,840 --> 00:03:14,320 Speaker 1: Bloomberg Radio, Well Karen. The Fed will also be in 56 00:03:14,360 --> 00:03:17,079 Speaker 1: focus today with the release of the minutes from January's 57 00:03:17,120 --> 00:03:20,400 Speaker 1: policy meeting. We get more from Bloomberg's Michael McKee. Tightened 58 00:03:20,440 --> 00:03:22,960 Speaker 1: Fed concern about inflation led to a sell off in 59 00:03:23,040 --> 00:03:26,120 Speaker 1: bonds when the last minutes were released or repeat as possible. 60 00:03:26,160 --> 00:03:28,600 Speaker 1: Investors want to know just how worried the central bankers 61 00:03:28,600 --> 00:03:31,200 Speaker 1: were at their last meeting when they suggested it was 62 00:03:31,320 --> 00:03:34,760 Speaker 1: almost time to raise interest rates. In particular, how far 63 00:03:35,000 --> 00:03:38,600 Speaker 1: and how fast did they anticipate moving bond investors In particular, 64 00:03:38,640 --> 00:03:40,680 Speaker 1: We'll be looking for any details on when and how 65 00:03:40,760 --> 00:03:44,320 Speaker 1: FED officials anticipate shrinking their balance sheet. Kansas City Fed 66 00:03:44,360 --> 00:03:47,960 Speaker 1: President Estra George recently warned the process could be rocky 67 00:03:48,080 --> 00:03:51,440 Speaker 1: for the markets. Michael McKee, Bloomberg Daybreak, Michael, thank you. 68 00:03:51,480 --> 00:03:53,520 Speaker 1: In addition to the Fed minutes, we also get the 69 00:03:53,520 --> 00:03:56,000 Speaker 1: retail sales are poor for the month of January. That's 70 00:03:56,040 --> 00:03:58,840 Speaker 1: coming out later this morning. Meanwhile, in the UK, inflation 71 00:03:58,920 --> 00:04:01,800 Speaker 1: unexpectedly a seller rated for a fourth strade month. They 72 00:04:01,800 --> 00:04:03,360 Speaker 1: go live to London and get the latest of the 73 00:04:03,360 --> 00:04:07,720 Speaker 1: Bloomberg's Max Ramsey, Good Morning, Max, Morning, Karen and Nathan Yes. 74 00:04:07,760 --> 00:04:10,520 Speaker 1: CPI in the year to January came in slightly hotter 75 00:04:10,560 --> 00:04:13,520 Speaker 1: than economists and the Bank of England expected, at five 76 00:04:13,560 --> 00:04:16,320 Speaker 1: and a half percent. It is a new thirty year 77 00:04:16,440 --> 00:04:19,080 Speaker 1: high here in the UK, driven by clothing and footwear, 78 00:04:19,240 --> 00:04:21,279 Speaker 1: and it comes as the UK faces a cost of 79 00:04:21,320 --> 00:04:24,200 Speaker 1: living crisis. Now. The figures raised the stakes for the 80 00:04:24,240 --> 00:04:27,200 Speaker 1: b are and add pressure. Investors are not ruling out 81 00:04:27,200 --> 00:04:30,320 Speaker 1: a fifty basis point hike when they meet in March, 82 00:04:30,360 --> 00:04:33,920 Speaker 1: an unprecedented move since the bo E gained independence back 83 00:04:34,000 --> 00:04:38,559 Speaker 1: in Live in London, Max Ramsey, Bloomberg day Break, Okay, Max, 84 00:04:38,600 --> 00:04:41,080 Speaker 1: thank you. Inflation in Asia is also in focus. The 85 00:04:41,160 --> 00:04:44,080 Speaker 1: latest data out of China show price pressures ease last month, 86 00:04:44,200 --> 00:04:47,880 Speaker 1: but factory gate prices were still elevated. Bloomberg Daybreak Asia 87 00:04:47,880 --> 00:04:51,120 Speaker 1: anchor Brian Curtis has more. The producer price index rose 88 00:04:51,200 --> 00:04:53,800 Speaker 1: nine point one percent from a year earlier. That was 89 00:04:53,880 --> 00:04:56,440 Speaker 1: weaker than the estimate of nine point five percent, and 90 00:04:56,480 --> 00:04:58,920 Speaker 1: it was down from December's reading. And the good news 91 00:04:58,920 --> 00:05:01,280 Speaker 1: for policymakers is that it gives them some more room 92 00:05:01,320 --> 00:05:04,159 Speaker 1: to cut interest rates. China shifted to a pro growth 93 00:05:04,200 --> 00:05:06,760 Speaker 1: bias late last year. That was after the economy was 94 00:05:06,839 --> 00:05:10,200 Speaker 1: hit by virus outbreaks and a slump in the property market. 95 00:05:10,480 --> 00:05:13,640 Speaker 1: Consumer prices grew zero point nine percent last month from 96 00:05:13,640 --> 00:05:16,080 Speaker 1: a year earlier, and that was slower than a projected 97 00:05:16,080 --> 00:05:20,240 Speaker 1: one percent increase. Bryan Curtis, Bloomberg Daybreak, Brian, thank you. 98 00:05:20,320 --> 00:05:23,240 Speaker 1: Turning to the pandemic, Disney is dropping its mask mandate 99 00:05:23,279 --> 00:05:27,000 Speaker 1: for fully vaccinated guests at its US theme parks starting tomorrow. 100 00:05:27,080 --> 00:05:29,680 Speaker 1: Face coverings will be optional both indoors and out at 101 00:05:29,680 --> 00:05:33,000 Speaker 1: Walt disney World in Florida and Disneyland in California. Masks 102 00:05:33,040 --> 00:05:35,880 Speaker 1: will still be mandatory if you're not fully vaccinated. The 103 00:05:35,960 --> 00:05:38,080 Speaker 1: major Wall Street firms are still grappling with how to 104 00:05:38,080 --> 00:05:40,039 Speaker 1: bring employees back to the office as we come out 105 00:05:40,040 --> 00:05:42,960 Speaker 1: of the pandemic. For Goldman Sax CEO David Solomon, he 106 00:05:43,040 --> 00:05:45,680 Speaker 1: says an in person office will always be an important 107 00:05:45,720 --> 00:05:47,960 Speaker 1: part of the bank's identity. We get that story from 108 00:05:48,000 --> 00:05:51,599 Speaker 1: Bloomberg's Charlie Pellace, speaking from the Pivot m I a 109 00:05:51,720 --> 00:05:55,240 Speaker 1: conference in Miami Beach. Solomon said the office was particularly 110 00:05:55,360 --> 00:05:58,839 Speaker 1: valuable for the development of employees in their twenties, who 111 00:05:58,880 --> 00:06:01,520 Speaker 1: make up about half of the firm. He noted that 112 00:06:01,600 --> 00:06:05,080 Speaker 1: Goldman has established a presence in cities across the US, 113 00:06:05,120 --> 00:06:08,400 Speaker 1: including in South Florida, but he said the pandemic will 114 00:06:08,440 --> 00:06:11,359 Speaker 1: not prompt the Wall Street giant to provide jobs that 115 00:06:11,360 --> 00:06:14,800 Speaker 1: can be done from remote locations such as Jackson Hole, 116 00:06:14,960 --> 00:06:19,680 Speaker 1: Wyoming in New York. Charlie Pellet Bloomberg Daybreak, Charlie, thank you. 117 00:06:19,720 --> 00:06:22,760 Speaker 1: As the debate continues on how many days workers should 118 00:06:22,760 --> 00:06:25,800 Speaker 1: spend in the office, Airbnb is looking to capitalize on 119 00:06:25,880 --> 00:06:29,279 Speaker 1: the work from home trend. We spoke with Airbnb CEO 120 00:06:29,440 --> 00:06:32,080 Speaker 1: Brian Sewsky, but we do think more and more people 121 00:06:32,120 --> 00:06:34,800 Speaker 1: are gonna work remotely over the summer with family. They 122 00:06:34,880 --> 00:06:37,279 Speaker 1: might take them somewhere, get a summer rental. But we 123 00:06:37,320 --> 00:06:39,640 Speaker 1: also just think that we're gonna have three day weekends 124 00:06:39,680 --> 00:06:42,200 Speaker 1: a lot more frequently for people where they might work 125 00:06:42,240 --> 00:06:44,280 Speaker 1: from an Airbnb on a Friday or Monday and go 126 00:06:44,320 --> 00:06:47,919 Speaker 1: away for that weekend. Airbnb's Brian Chesky says his company's 127 00:06:47,920 --> 00:06:50,400 Speaker 1: fourth quarter earnings, where it's best ever, shares her up 128 00:06:50,440 --> 00:06:53,320 Speaker 1: more than three percent in early trading. Finally, Karen, we 129 00:06:53,400 --> 00:06:57,440 Speaker 1: have a new big money maker on campus. Stanford University 130 00:06:57,480 --> 00:07:00,360 Speaker 1: has edged out Harvard as the country's biggest college, Andrey's 131 00:07:00,360 --> 00:07:03,160 Speaker 1: here at the California Institution raised one point three nine 132 00:07:03,200 --> 00:07:06,159 Speaker 1: billion dollars last fiscal year. That was about ten million 133 00:07:06,240 --> 00:07:08,680 Speaker 1: more than Harvard. They were the only two schools that 134 00:07:08,800 --> 00:07:11,720 Speaker 1: raked in more than a billion. Rising stock markets helped 135 00:07:11,840 --> 00:07:15,200 Speaker 1: drive the donations last year. Markets are moving a touch 136 00:07:15,280 --> 00:07:17,880 Speaker 1: lower this morning, straight ahead local headlines in the check 137 00:07:17,880 --> 00:07:23,960 Speaker 1: of sports. This is Bloomberg and it's now six o 138 00:07:24,080 --> 00:07:26,200 Speaker 1: seven on All Street where thirty degrees in Central Park. 139 00:07:26,240 --> 00:07:29,520 Speaker 1: The Sunrise Highways closed both ways. John Tuckers here with 140 00:07:29,560 --> 00:07:31,120 Speaker 1: more on what's going on in New York and around 141 00:07:31,160 --> 00:07:33,640 Speaker 1: the world. John, and good morning, Nathan. Yeah, it's a 142 00:07:33,720 --> 00:07:36,960 Speaker 1: fiery crash this morning that has closed the Sunrise Highway. 143 00:07:37,240 --> 00:07:40,560 Speaker 1: A tanker truck reportedly ran into a nearby storefront and 144 00:07:40,680 --> 00:07:45,000 Speaker 1: exploded flame sprint to as many as eight stores. Starting 145 00:07:45,040 --> 00:07:47,320 Speaker 1: today in New York, State will end its requirement that 146 00:07:47,400 --> 00:07:51,120 Speaker 1: people entering businesses must wear masks or show proof of 147 00:07:51,200 --> 00:07:54,640 Speaker 1: full vaccination. New York City mass are still required at 148 00:07:54,680 --> 00:07:58,600 Speaker 1: schools and healthcare facilities, owners of stores, restaurants, theaters, or 149 00:07:58,640 --> 00:08:03,560 Speaker 1: other public spaces can still require face coverings. Remington Arms 150 00:08:03,600 --> 00:08:06,080 Speaker 1: will pay seventy three million dollars to families who lost 151 00:08:06,160 --> 00:08:09,280 Speaker 1: loved ones in the Sandy Hook Elementary school shooting. More 152 00:08:09,320 --> 00:08:12,960 Speaker 1: in the story and the Landmarks settlement from Bloomberg's Jeff Bellinger. 153 00:08:13,600 --> 00:08:15,600 Speaker 1: It is a settlement that could open the door to 154 00:08:15,760 --> 00:08:19,600 Speaker 1: more lawsuits seeking to hold gun companies liable for mass shootings. 155 00:08:19,800 --> 00:08:22,760 Speaker 1: The money will be divided among nine families who lost 156 00:08:22,800 --> 00:08:25,960 Speaker 1: loved ones in the twenty twelve shooting in Newtown, Connecticut, 157 00:08:26,040 --> 00:08:29,720 Speaker 1: that left twenty children and six staff members dead. Remington 158 00:08:29,840 --> 00:08:33,040 Speaker 1: did not admit liability in the settlement. Adam Lanza, the 159 00:08:33,080 --> 00:08:35,640 Speaker 1: twenty year old Sandy Hook gunman, used an a R 160 00:08:35,720 --> 00:08:39,560 Speaker 1: fifteen style rifle made by Bushmaster, a company that was 161 00:08:39,600 --> 00:08:43,960 Speaker 1: owned by Remington. Jeff Bellinger, Bloomberg day Break Boeing seven 162 00:08:43,960 --> 00:08:47,720 Speaker 1: eighties seven Dreamliners suffered a new blow. US regulators say 163 00:08:47,760 --> 00:08:52,120 Speaker 1: they'll step up inspections of each jet before delivery, since 164 00:08:53,000 --> 00:08:56,800 Speaker 1: the companies grappled with structural glitches that turned its popular 165 00:08:56,800 --> 00:08:59,679 Speaker 1: wide body jet into a drain on cash. More than 166 00:08:59,760 --> 00:09:02,200 Speaker 1: one under ten of the carbon fiber aircraft have been 167 00:09:02,240 --> 00:09:06,280 Speaker 1: built but left undelivered while the issues are resolved, and 168 00:09:06,320 --> 00:09:09,560 Speaker 1: the York Democratic Representative Kathleen Rice says she won't run 169 00:09:09,600 --> 00:09:12,960 Speaker 1: for re election after nearly eight years in office. The 170 00:09:13,000 --> 00:09:16,320 Speaker 1: fifty seven year old Rice, who represents parts of Long Island, 171 00:09:16,440 --> 00:09:19,360 Speaker 1: didn't say what she planned to do next. She joins 172 00:09:19,440 --> 00:09:21,800 Speaker 1: dozens of her colleagues that are retiring or running for 173 00:09:21,840 --> 00:09:24,920 Speaker 1: other public office ahead of the twenty twenty two mid 174 00:09:25,040 --> 00:09:28,520 Speaker 1: term elections, where Democrats of here they could lose control 175 00:09:28,760 --> 00:09:32,640 Speaker 1: of the House and New Jersey betters they wagered a 176 00:09:32,760 --> 00:09:37,440 Speaker 1: record onety three point seven million dollars on the Super Bowl. 177 00:09:37,760 --> 00:09:41,680 Speaker 1: That's up from the prior year, even with bets being 178 00:09:41,679 --> 00:09:44,480 Speaker 1: taken in neighboring New York. For the first time, sports 179 00:09:44,520 --> 00:09:47,440 Speaker 1: betting is exploded across the U s. Sence the Supreme 180 00:09:47,440 --> 00:09:50,520 Speaker 1: Court allowed states outside of Nevada to offer it. In 181 00:09:51,360 --> 00:09:55,360 Speaker 1: eighteen and Global News twenty four hours a day on 182 00:09:55,440 --> 00:09:57,760 Speaker 1: air hand on Bloomberg Quicktake. We're powered by more than 183 00:09:57,760 --> 00:10:00,480 Speaker 1: twenty seven hundred journalists and analysts in more than one 184 00:10:00,520 --> 00:10:04,920 Speaker 1: hundred twenty countries. I'm John Tucker is Bloomberg. Nathan. Thanks John. 185 00:10:09,360 --> 00:10:11,280 Speaker 1: Almost six ten on Wall Street tim for the Bloomberg 186 00:10:11,320 --> 00:10:13,320 Speaker 1: Sports upthing with john Ston John May you think ever? 187 00:10:13,480 --> 00:10:16,840 Speaker 1: The hockey shootouts Rangers and Bruins at the Garden US 188 00:10:16,960 --> 00:10:19,800 Speaker 1: and Slovakia and Beijang Rangers one there as they scored 189 00:10:19,840 --> 00:10:21,760 Speaker 1: on their first two attempts at the shoot album makers 190 00:10:21,760 --> 00:10:23,960 Speaker 1: advantage and then r Timmy Finner and then six straight 191 00:10:24,080 --> 00:10:27,520 Speaker 1: misses before ki Andre Miller scored, given the Rangers of 192 00:10:27,600 --> 00:10:30,000 Speaker 1: two thrilling to the one win their first gave me 193 00:10:30,040 --> 00:10:32,600 Speaker 1: two weeks at the Olympics, US led to one final 194 00:10:32,679 --> 00:10:36,480 Speaker 1: minutes scene ready to advance in the semifinals. Slovakia scored 195 00:10:36,520 --> 00:10:38,480 Speaker 1: in the U s went over five and the shootout 196 00:10:38,720 --> 00:10:41,719 Speaker 1: gets eliminated after going three and oh on the preliminary rout. 197 00:10:41,800 --> 00:10:44,760 Speaker 1: After the NHL Islanders of Devils both lost by the 198 00:10:44,840 --> 00:10:46,960 Speaker 1: same six to three score. Both gave up three goals 199 00:10:46,960 --> 00:10:49,400 Speaker 1: in the third period of the Isles in Buffalo, the 200 00:10:49,440 --> 00:10:52,240 Speaker 1: Saves Sabers scored three times in the last three minutes. 201 00:10:52,640 --> 00:10:54,800 Speaker 1: Devil's Blue a three one League felt to Tampa Bay. 202 00:10:54,840 --> 00:10:57,760 Speaker 1: Also last night, Sidney Crosby careers gold under five hundred 203 00:10:58,000 --> 00:11:00,400 Speaker 1: for Pittsburgh and NBA blowout read odd Cell thinks one 204 00:11:00,400 --> 00:11:04,040 Speaker 1: than a night that a row in Philadelphia by James 205 00:11:04,040 --> 00:11:06,200 Speaker 1: Harden watched from the Philly bench. He has an injured 206 00:11:06,240 --> 00:11:09,160 Speaker 1: Answering said he was happy to leave Brooklyn. Harden was 207 00:11:09,200 --> 00:11:12,920 Speaker 1: asked about playing with Kyrie Irving, who had has refused 208 00:11:12,960 --> 00:11:15,840 Speaker 1: to get vaccinated, only recently started playing and only in 209 00:11:15,960 --> 00:11:21,880 Speaker 1: road Gamesman car really good friends. Uh, you know, whatever 210 00:11:21,880 --> 00:11:24,360 Speaker 1: he is going through, he is still going through as 211 00:11:24,400 --> 00:11:27,600 Speaker 1: his personal preference. But it definitely didn't impact the team 212 00:11:27,679 --> 00:11:30,959 Speaker 1: because originally, you know, obviously me, Kyrie and Katie on 213 00:11:31,040 --> 00:11:34,120 Speaker 1: the court, you know, and winning covers up a lot 214 00:11:34,120 --> 00:11:36,360 Speaker 1: of that. Net's play a road game tonight, but it's 215 00:11:36,360 --> 00:11:38,880 Speaker 1: in New York against the next vaccine mandate, means wherever 216 00:11:38,960 --> 00:11:41,200 Speaker 1: he can't play college hoops. Fordham lost other win for 217 00:11:41,240 --> 00:11:44,520 Speaker 1: Iona the one Olympic disappointment in hockey, but the US 218 00:11:44,559 --> 00:11:48,200 Speaker 1: one gold and silver freestyle ski johns Cash Etward Bloomberg 219 00:11:48,240 --> 00:11:51,640 Speaker 1: Sports all right, John, Thanks. Futures down two tenths per 220 00:11:51,640 --> 00:11:54,520 Speaker 1: cent across the board of SMP. Futures down seven points down, 221 00:11:54,600 --> 00:11:57,760 Speaker 1: Futures down sixty three. Nastic features are lower by twenty 222 00:11:58,000 --> 00:12:01,800 Speaker 1: five points ten. Your treasury yield two point zero three percent. 223 00:12:02,080 --> 00:12:08,920 Speaker 1: This is Bloomberg Bloomberg eleven three oh weather increasing clouds 224 00:12:09,000 --> 00:12:11,599 Speaker 1: up for forties today, Late day showers possible tomorrow with 225 00:12:11,640 --> 00:12:14,840 Speaker 1: the high near sixty early high Friday in the mid fifties. 226 00:12:14,840 --> 00:12:17,880 Speaker 1: Temperatures will fall through the day Right now twenty nine 227 00:12:17,920 --> 00:12:24,880 Speaker 1: in Central Park markets, headlines and breaking news twenty four 228 00:12:24,880 --> 00:12:27,920 Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business 229 00:12:27,960 --> 00:12:31,600 Speaker 1: Out and at Bloomberg Quick Tape He's a Bloomberg Business 230 00:12:31,640 --> 00:12:40,240 Speaker 1: Flash and I'm para in Moscow. And the global stock 231 00:12:40,360 --> 00:12:43,600 Speaker 1: rally is stalling as traders struggle to evaluate the risk 232 00:12:43,640 --> 00:12:46,480 Speaker 1: of geopolitical tension in Ukraine and the impact of rising 233 00:12:46,520 --> 00:12:50,280 Speaker 1: inflation on central bank policies. US dot indext futures are 234 00:12:50,360 --> 00:12:52,760 Speaker 1: lower and we check the markets every fifteen minutes throughout 235 00:12:52,760 --> 00:12:55,760 Speaker 1: the trading day on Bloomberg Guess and P futures down 236 00:12:55,920 --> 00:12:59,200 Speaker 1: about eight points down, futures down sixties six, NASDACK futures 237 00:12:59,200 --> 00:13:02,040 Speaker 1: down twenty the decks in Germany as it will change, 238 00:13:02,040 --> 00:13:04,280 Speaker 1: the ten year treasury up one thirty second yell two 239 00:13:04,320 --> 00:13:07,040 Speaker 1: point oh three set yield on the two year one 240 00:13:07,080 --> 00:13:09,960 Speaker 1: point five six per cent. NIMEX screwed oil is up 241 00:13:09,960 --> 00:13:12,200 Speaker 1: eight ten percent or seventy three cents at ninety two 242 00:13:12,240 --> 00:13:15,120 Speaker 1: dollars eighty cents in barrel comic School. That will change 243 00:13:15,120 --> 00:13:18,160 Speaker 1: in eighteen fifty six thirty ounce, the euro one point 244 00:13:18,160 --> 00:13:20,679 Speaker 1: one three seven seven against the dollar, British pound one 245 00:13:20,679 --> 00:13:23,319 Speaker 1: point three five six seven, the ends in one fifteen 246 00:13:23,360 --> 00:13:27,160 Speaker 1: point six nine, and Bitcoin movement higher at forty four thousand, 247 00:13:27,160 --> 00:13:30,440 Speaker 1: two hundred dollars. And that's a Bloomberg business flash. Now 248 00:13:30,480 --> 00:13:33,240 Speaker 1: here's John Tucker with more on what's going on around 249 00:13:33,240 --> 00:13:36,240 Speaker 1: the world. John and Morning Karen. President Biden says it's 250 00:13:36,240 --> 00:13:40,200 Speaker 1: still possible Russia will invade Ukraine because it's troops remain 251 00:13:40,240 --> 00:13:43,600 Speaker 1: at what he calls a threatening position. Well, Disney is 252 00:13:43,679 --> 00:13:47,040 Speaker 1: dropping a masked mandate tomorrow for fully vaccinated gas to 253 00:13:47,120 --> 00:13:50,960 Speaker 1: its theme parks in the United States. In US, regulators 254 00:13:51,000 --> 00:13:54,640 Speaker 1: say they'll stamp up inspections of every Bowing seven eighty 255 00:13:54,720 --> 00:13:59,280 Speaker 1: seven Dreamliner before delivery. Sports, the Rangers beat the Bruins 256 00:13:59,280 --> 00:14:02,280 Speaker 1: in the Shoe nowt The Islanders and Devils both lose. 257 00:14:02,440 --> 00:14:06,120 Speaker 1: The Capital's win and the Penguins Sydney Crosby scores is 258 00:14:06,320 --> 00:14:10,280 Speaker 1: five NHL goal Basketball, the Celtics beat the seventies six 259 00:14:10,400 --> 00:14:13,320 Speaker 1: ers by forty eight points. Global news twenty four hours 260 00:14:13,360 --> 00:14:16,120 Speaker 1: a day on irund on Bloomberg Quickday Power by more 261 00:14:16,160 --> 00:14:19,080 Speaker 1: than twenty seven hundred journalists and analysts it more than 262 00:14:19,160 --> 00:14:22,440 Speaker 1: one hundred twenty countries on John Tucker did He's Bloomberg? 263 00:14:22,520 --> 00:14:25,320 Speaker 1: Nathan Okay? John? Thanks at six nineteen on Wall Street 264 00:14:25,320 --> 00:14:28,320 Speaker 1: Line from the Bloomberg Interactive Broker Studios. This is Bloomberg 265 00:14:28,440 --> 00:14:30,760 Speaker 1: Daybreak and Tracy McMillian is with us now. She's head 266 00:14:30,800 --> 00:14:35,360 Speaker 1: of Global Asset Allocation Strategy at Wells Fargo Investment Institute. Tracy, 267 00:14:35,440 --> 00:14:37,760 Speaker 1: it's great to have you with us this morning. Although 268 00:14:37,800 --> 00:14:41,040 Speaker 1: the market seemed to be focused on geopolitical risk right now, 269 00:14:41,040 --> 00:14:45,000 Speaker 1: with futures slightly lower and headlines continuing to come down, 270 00:14:45,480 --> 00:14:49,040 Speaker 1: where do you see these markets shaking out here? Do 271 00:14:49,120 --> 00:14:52,120 Speaker 1: we have more risk premium to be priced in to 272 00:14:52,200 --> 00:14:57,680 Speaker 1: come well? Thank you for having me this morning, Nathan. Yes, 273 00:14:57,840 --> 00:15:01,920 Speaker 1: we you know, we're seeing inflation and geopolitical events both 274 00:15:02,040 --> 00:15:06,040 Speaker 1: driving market volatility this week. But you know, earnings have 275 00:15:06,160 --> 00:15:10,000 Speaker 1: come in very strong this quarter and we do think 276 00:15:10,120 --> 00:15:14,880 Speaker 1: that you know, that is going to underpin some higher 277 00:15:14,920 --> 00:15:19,360 Speaker 1: equity prices probably later in the year. But today investors 278 00:15:19,400 --> 00:15:21,760 Speaker 1: are going to be watching retail sales and they're going 279 00:15:21,800 --> 00:15:25,400 Speaker 1: to be watching for the FED minutes, UM for any 280 00:15:25,480 --> 00:15:31,880 Speaker 1: signs that uh, you know, retail sales maybe uh weaker 281 00:15:31,880 --> 00:15:35,520 Speaker 1: than expected. They're um, you know, expected to come in 282 00:15:36,080 --> 00:15:39,880 Speaker 1: with a bit more strength than what we saw last month, 283 00:15:39,960 --> 00:15:44,400 Speaker 1: but you know, m because consumer sentiment is deteriorating, and 284 00:15:44,480 --> 00:15:49,040 Speaker 1: disposable income um has also been uh coming in a 285 00:15:49,040 --> 00:15:53,200 Speaker 1: bit lower. That is possibly gonna set us up for 286 00:15:53,520 --> 00:15:56,680 Speaker 1: a disappointment and retail sale. So you know, retail sales 287 00:15:56,760 --> 00:15:59,440 Speaker 1: FED minutes are the things we think investors will be 288 00:15:59,440 --> 00:16:02,320 Speaker 1: watching too. How do you think the FED will react 289 00:16:02,560 --> 00:16:05,840 Speaker 1: to those latest data points? So obviously we got the 290 00:16:06,160 --> 00:16:09,360 Speaker 1: much higher than expected producer prices yesterday, and if we 291 00:16:09,440 --> 00:16:12,600 Speaker 1: do see weakness and retail sales, could that be something 292 00:16:12,600 --> 00:16:15,120 Speaker 1: that moves the FED to become even more aggressive than 293 00:16:15,160 --> 00:16:19,840 Speaker 1: markets are pricing in right now. Yeah, we we do 294 00:16:20,000 --> 00:16:24,440 Speaker 1: think that because the Fed has seen upside surprises in 295 00:16:24,600 --> 00:16:28,280 Speaker 1: both of their mandates, that does perhaps put it on 296 00:16:28,320 --> 00:16:31,400 Speaker 1: a more aggressive path this year. Um. But you know, 297 00:16:31,480 --> 00:16:34,840 Speaker 1: the SAD doesn't want to surprise the markets, and credit 298 00:16:34,880 --> 00:16:38,200 Speaker 1: markets so far been pretty well behaved. And they don't 299 00:16:38,240 --> 00:16:41,680 Speaker 1: want to risk a major disruption there. So, you know, 300 00:16:41,720 --> 00:16:45,200 Speaker 1: if the SET is going to raise interest rates by 301 00:16:45,240 --> 00:16:49,040 Speaker 1: fifty basis points, then we think they're gonna have to 302 00:16:49,080 --> 00:16:52,520 Speaker 1: start communicating that pretty soon. And we really haven't seen 303 00:16:52,640 --> 00:16:55,320 Speaker 1: the FED governors come out to nor have we seen 304 00:16:55,520 --> 00:16:59,800 Speaker 1: Powell or Brainerd starting to signal a fifty basis point 305 00:16:59,800 --> 00:17:03,280 Speaker 1: in prease. But if we do hear, you know, anything 306 00:17:03,920 --> 00:17:07,400 Speaker 1: from the governors or Powell or brainer then we need 307 00:17:07,440 --> 00:17:10,960 Speaker 1: to start taking that fifty basis points pretty seriously. So 308 00:17:11,000 --> 00:17:13,600 Speaker 1: what's your conviction on what the FED could do at 309 00:17:13,600 --> 00:17:16,200 Speaker 1: the March meeting? Do you have conviction at this point 310 00:17:16,320 --> 00:17:19,320 Speaker 1: on whether the Fed's gonna stick with twenty five or 311 00:17:19,480 --> 00:17:23,560 Speaker 1: or could they go to fifty. So we think that 312 00:17:23,640 --> 00:17:26,160 Speaker 1: the Fed is probably going to stick to fifty five 313 00:17:26,240 --> 00:17:31,399 Speaker 1: in March again, unless they start preparing markets almost immediately. 314 00:17:31,640 --> 00:17:36,600 Speaker 1: And because we really haven't heard that um coming from uh, 315 00:17:36,760 --> 00:17:39,840 Speaker 1: the top level of the FED yet, we're we're sticking 316 00:17:39,840 --> 00:17:43,720 Speaker 1: with twenty five for now. Okay, In terms of earnings, 317 00:17:43,760 --> 00:17:48,000 Speaker 1: do you think of earnings can continue to underpin valuations 318 00:17:48,040 --> 00:17:54,159 Speaker 1: even with a less accommodative central bank? So earnings, like 319 00:17:54,200 --> 00:17:56,879 Speaker 1: I said, are coming in really strong this quarter, about 320 00:17:57,000 --> 00:18:00,280 Speaker 1: up about twent We think that's going to model rate 321 00:18:00,400 --> 00:18:04,240 Speaker 1: down to about five to ten percent this year, but 322 00:18:04,400 --> 00:18:08,359 Speaker 1: we do think that will be enough to underpin higher 323 00:18:08,400 --> 00:18:10,800 Speaker 1: prices by the end of the year. We think that 324 00:18:11,200 --> 00:18:14,399 Speaker 1: UM by year end, the S and P five hundred 325 00:18:14,480 --> 00:18:17,800 Speaker 1: should see about two hundred and thirty five per share 326 00:18:18,080 --> 00:18:21,560 Speaker 1: and earnings UM, and we think that that's good upside 327 00:18:21,680 --> 00:18:24,960 Speaker 1: from here. So, you know, we're telling investors to take 328 00:18:24,960 --> 00:18:29,600 Speaker 1: advantage of any significant weakness and markets that we might see. 329 00:18:29,920 --> 00:18:33,240 Speaker 1: You know, as we are dealing with UM, a change 330 00:18:33,240 --> 00:18:37,920 Speaker 1: in sad policy and geopolitical events that are spooking investors. 331 00:18:38,200 --> 00:18:39,960 Speaker 1: So in a last minute here, does that mean that 332 00:18:40,040 --> 00:18:42,680 Speaker 1: make a cap tech stocks still look attractive? Are you 333 00:18:42,760 --> 00:18:48,200 Speaker 1: looking for further rotation into value? So we do continue 334 00:18:48,240 --> 00:18:52,560 Speaker 1: to like technology UM. We are moving up in quality 335 00:18:52,760 --> 00:18:57,960 Speaker 1: and we feel like technology companies are still generally posting 336 00:18:58,040 --> 00:19:01,879 Speaker 1: high quality earnings UM. We think that higher rates in 337 00:19:02,040 --> 00:19:05,639 Speaker 1: technology stocks are are probably pretty priced in by this 338 00:19:05,840 --> 00:19:09,880 Speaker 1: point and we don't see rates going a lot higher 339 00:19:09,960 --> 00:19:13,200 Speaker 1: from where they are. So we we do think that UM. 340 00:19:13,240 --> 00:19:16,919 Speaker 1: You know, as companies continue to digitalize and try to 341 00:19:17,000 --> 00:19:21,400 Speaker 1: improve productivity, in the face of labor shortages. That technology 342 00:19:21,440 --> 00:19:24,520 Speaker 1: is an interesting space for us. Good to get your 343 00:19:24,520 --> 00:19:26,679 Speaker 1: thoughts this morning, Tracy, Thanks again for being with us. 344 00:19:26,720 --> 00:19:30,960 Speaker 1: Tracy McMillian is ahead of global asset allocation at Wells 345 00:19:30,960 --> 00:19:35,280 Speaker 1: Fargo Investment Institute. Looking at the markets right now, I 346 00:19:35,280 --> 00:19:37,960 Speaker 1: think we can call it jittery. SMP futures are down 347 00:19:38,000 --> 00:19:41,000 Speaker 1: six points, staff features down sixty two, NASTAC futures lower 348 00:19:41,080 --> 00:19:44,679 Speaker 1: by thirteen points, the tenure treasury up one thirty seconds, 349 00:19:44,680 --> 00:19:47,480 Speaker 1: with the yield close to two point zero four percent. 350 00:19:47,880 --> 00:19:50,399 Speaker 1: Yield on the two year one point five six as 351 00:19:50,440 --> 00:19:54,440 Speaker 1: investors continue to watch headlines on the Ukraine standoff as 352 00:19:54,480 --> 00:19:57,320 Speaker 1: well as waiting the release of the retail sales figures 353 00:19:57,359 --> 00:19:59,359 Speaker 1: coming out in just a couple hours, and of course 354 00:19:59,440 --> 00:20:02,960 Speaker 1: those fed January minutes stay with us for more. This 355 00:20:03,560 --> 00:20:09,480 Speaker 1: is Bloomberg Bloomberg eleven three oh Weather clouds will increase 356 00:20:09,520 --> 00:20:12,320 Speaker 1: with eyes in the upper forties today, upper fifth east tomorrow, 357 00:20:12,320 --> 00:20:15,160 Speaker 1: with late day showers early high in the mid fifthiaest 358 00:20:15,160 --> 00:20:17,479 Speaker 1: Friday of the temperatures will fall through the day. Right 359 00:20:17,480 --> 00:20:23,639 Speaker 1: now twenty nine in Central Park, broadcasting live from the 360 00:20:23,760 --> 00:20:27,720 Speaker 1: Bloomberg Interactive Broker studio in New York, Bloomberg E Looving 361 00:20:27,800 --> 00:20:32,320 Speaker 1: Freedom to Washington, d C, Bloomberg to Boston, Bloomberg one 362 00:20:32,359 --> 00:20:35,560 Speaker 1: O six one to San Francisco, Bloomberg nine sixty to 363 00:20:35,600 --> 00:20:38,679 Speaker 1: the Country, Sirius XM to the one ninet and around 364 00:20:38,720 --> 00:20:42,639 Speaker 1: the globe the Bloomberg Business app and Bloomberg Radio dot Com. 365 00:20:42,720 --> 00:20:51,160 Speaker 1: This is Bloomberg Daybreak and at six thirty on Wall Street. 366 00:20:51,160 --> 00:20:54,080 Speaker 1: Good morning. I'm Nathan Hager and I'm Karen Moscow, and 367 00:20:54,119 --> 00:20:56,359 Speaker 1: we are just about three hours away from the open 368 00:20:56,359 --> 00:20:58,840 Speaker 1: of US trading. Time for the five Things you need 369 00:20:58,920 --> 00:21:01,320 Speaker 1: to know to start your day, brought to you by 370 00:21:01,480 --> 00:21:04,960 Speaker 1: Interact your Brokers Global Analysts. Global Analysts helps you find 371 00:21:04,960 --> 00:21:09,320 Speaker 1: new global investment opportunities to diversify your portfolio and discover 372 00:21:09,480 --> 00:21:13,320 Speaker 1: undervalued companies that may have greater growth potential. Try ib 373 00:21:13,440 --> 00:21:15,880 Speaker 1: k our Global Analysts today at ib k R dot 374 00:21:15,920 --> 00:21:19,879 Speaker 1: com slash g At first, the situation in Ukraine remains 375 00:21:19,920 --> 00:21:23,280 Speaker 1: front and center this morning. President Biden says it's not 376 00:21:23,480 --> 00:21:27,040 Speaker 1: verified that Russia's pulled troops back from the border with Ukraine, 377 00:21:27,240 --> 00:21:30,720 Speaker 1: and Bloomberg's and Baxter has the story. President Biden says, 378 00:21:30,760 --> 00:21:33,600 Speaker 1: so far, intelligence is not showing it, and the fact 379 00:21:33,640 --> 00:21:36,040 Speaker 1: remains right now, Russia has more than a hundred and 380 00:21:36,080 --> 00:21:41,399 Speaker 1: fifty thousand troops and circling Ukraine and Belarus along Ukraine's border. 381 00:21:41,880 --> 00:21:46,040 Speaker 1: An invasion remains distinctly possibly. Biden says if that happens, 382 00:21:46,119 --> 00:21:49,639 Speaker 1: russiall be held responsible globally for death and destruction. He 383 00:21:49,720 --> 00:21:52,800 Speaker 1: says sanctioned packages are in place and that the overriding 384 00:21:52,800 --> 00:21:55,800 Speaker 1: issue that governments have is the right to plot their 385 00:21:55,800 --> 00:21:59,760 Speaker 1: own destinies. In San Francisco, I'm at Baxter Bloomberg Gay break, 386 00:22:00,000 --> 00:22:02,520 Speaker 1: all right, thank you. Meantime, there's a standoff on Capitol 387 00:22:02,600 --> 00:22:06,280 Speaker 1: Hill over President Biden's Federal Reserve nominees. Republicans on the 388 00:22:06,320 --> 00:22:09,600 Speaker 1: Senate Banking Committee have questions for one of them, Sarah 389 00:22:09,640 --> 00:22:12,400 Speaker 1: bloom Raskin, and her role on the board of a fintech. 390 00:22:12,800 --> 00:22:16,520 Speaker 1: Raskin is the President's picked for FED Vice Chair for supervision. Well, 391 00:22:16,560 --> 00:22:19,560 Speaker 1: this afternoon, Nathan, the FED releases minutes of januaries meeting 392 00:22:19,600 --> 00:22:23,360 Speaker 1: on monetary policy. We get the story from Bloomberry's Vinidale Judais. 393 00:22:23,480 --> 00:22:26,920 Speaker 1: Bloomberg Economics says the minutes could reveal whether the FED 394 00:22:27,040 --> 00:22:29,800 Speaker 1: has an appetite for a half point March rate increased 395 00:22:29,800 --> 00:22:33,880 Speaker 1: the battle inflation. Such sentiment could explain hawkish comments by 396 00:22:33,880 --> 00:22:38,960 Speaker 1: FED chairs Rome Powell following January's policy meeting. Recent speeches 397 00:22:39,000 --> 00:22:42,520 Speaker 1: by FED officials have also been hawkish and signal central 398 00:22:42,560 --> 00:22:46,399 Speaker 1: bankers are open to aggressive action. With inflation running at 399 00:22:46,440 --> 00:22:50,200 Speaker 1: the fastest patents to early nineteen eighties, The FEDS March 400 00:22:50,280 --> 00:22:53,480 Speaker 1: meeting is set for the fifteenth and sixteenth Vinnie delle 401 00:22:53,560 --> 00:22:56,200 Speaker 1: Judais Bloomberg day break All right, Vinnie. Thanks. In the UK, 402 00:22:56,400 --> 00:22:59,439 Speaker 1: inflation unexpectedly accelerated for the fourth month in a row. 403 00:22:59,520 --> 00:23:02,000 Speaker 1: Annual rice growth in January rose to five and a 404 00:23:02,080 --> 00:23:04,960 Speaker 1: half percent, a new thirty year high. And on the 405 00:23:05,000 --> 00:23:08,080 Speaker 1: earnings front, Nathan shares of Airbnb up more than three 406 00:23:08,160 --> 00:23:11,240 Speaker 1: percent in early trading. The San Francisco based travel company 407 00:23:11,359 --> 00:23:14,680 Speaker 1: beat revenue and profit estimates in the fourth quarter. And 408 00:23:14,760 --> 00:23:16,640 Speaker 1: as the five things you need to know to start 409 00:23:16,720 --> 00:23:20,480 Speaker 1: your day brought to you by Interactive Brokers, Futures this 410 00:23:20,680 --> 00:23:24,639 Speaker 1: morning lower SNP Future is down five points down, Futures 411 00:23:24,680 --> 00:23:27,720 Speaker 1: down fifty five nasdag Future is little change down about 412 00:23:27,800 --> 00:23:31,399 Speaker 1: seven straight ahead your latest headlines, as well as a 413 00:23:31,520 --> 00:23:38,879 Speaker 1: check on Sports and this is Bloomberg. Okay, Karen, thank you. 414 00:23:38,920 --> 00:23:41,320 Speaker 1: Six thirty three on Wall Street, thirty degrees in Central Park. 415 00:23:41,400 --> 00:23:43,920 Speaker 1: Big problems on the Sunrise Highway closed both ways of 416 00:23:44,040 --> 00:23:46,360 Speaker 1: Rockville Center. John Tucker's here with more on what's going 417 00:23:46,400 --> 00:23:48,000 Speaker 1: on in New York and around the world. Good morning, 418 00:23:48,080 --> 00:23:50,720 Speaker 1: John and Nathan. Rockville Center on Long Island. The side 419 00:23:50,760 --> 00:23:53,320 Speaker 1: of that nasty fire the sporting he had erupted when 420 00:23:53,359 --> 00:23:56,800 Speaker 1: a tanker truck traveling on the Sunrise Highway veered off 421 00:23:56,840 --> 00:24:00,160 Speaker 1: into a storefront. All the flames reportedly have spread eight 422 00:24:00,200 --> 00:24:04,240 Speaker 1: other stores. No word yet on injuries. Another side, the 423 00:24:04,400 --> 00:24:08,880 Speaker 1: US increasingly sinking to live alongside the coronavirus. We get 424 00:24:08,920 --> 00:24:11,960 Speaker 1: to tales this morning from Bloomberg's Lisa Matteo. New York 425 00:24:12,040 --> 00:24:15,480 Speaker 1: State today will end its requirement that people entering businesses 426 00:24:15,640 --> 00:24:19,080 Speaker 1: must wear masks or show proof of full vaccination, and 427 00:24:19,200 --> 00:24:22,080 Speaker 1: beyond New York, Walt Disney is dropping a mask mandate 428 00:24:22,160 --> 00:24:25,439 Speaker 1: for fully vaccinated guests to its theme parks in the US. 429 00:24:25,680 --> 00:24:29,080 Speaker 1: Face coverings will become optional for inoculated visitors in both 430 00:24:29,160 --> 00:24:32,760 Speaker 1: outdoor and indoor locations from Thursday, According to a statement 431 00:24:32,840 --> 00:24:36,200 Speaker 1: posted on the Disney World Website. Masks will remain mandatory 432 00:24:36,280 --> 00:24:39,240 Speaker 1: for those who are not fully vaccinated. The decision comes 433 00:24:39,320 --> 00:24:43,480 Speaker 1: just days after Universal Orlando ditched its mask requirement. Lisa 434 00:24:43,520 --> 00:24:47,119 Speaker 1: Matteo Bloomberg Day Break a discovery under a stairwheel at 435 00:24:47,160 --> 00:24:50,320 Speaker 1: an upstate New York home. A little girl reported missing 436 00:24:50,400 --> 00:24:52,640 Speaker 1: more than two years ago when she was just four 437 00:24:53,080 --> 00:24:56,119 Speaker 1: has been found alive more than one fifty miles from 438 00:24:56,160 --> 00:24:58,760 Speaker 1: where she disappeared. Please say they found six year old 439 00:24:58,800 --> 00:25:02,200 Speaker 1: Paisley Sheltas in house in Sogads, New York, huddled in 440 00:25:02,280 --> 00:25:05,639 Speaker 1: a cold went space under the stairs. The Socrates Police 441 00:25:05,720 --> 00:25:09,560 Speaker 1: Chief nobody was leaving without that child. They we honestly 442 00:25:09,600 --> 00:25:12,639 Speaker 1: believe that that child was there, and of course, at 443 00:25:12,680 --> 00:25:14,840 Speaker 1: the end of the day, that's exactly what the case was. 444 00:25:15,040 --> 00:25:17,919 Speaker 1: They say she was abducted by her biological parents who 445 00:25:18,000 --> 00:25:22,360 Speaker 1: lost custody in tin Stanford University has raised one point 446 00:25:22,440 --> 00:25:26,119 Speaker 1: three nine billion dollars in the last fiscal year, the 447 00:25:26,240 --> 00:25:29,879 Speaker 1: most among US colleges, and it narrowly edges out Harvard 448 00:25:30,000 --> 00:25:34,600 Speaker 1: University for the top fundraising spot. The perennial fundraising Rivals 449 00:25:34,640 --> 00:25:36,679 Speaker 1: were the only schools to raise more than a billion 450 00:25:36,720 --> 00:25:40,360 Speaker 1: dollars in the twelve months. JOHNS. Hopkins University in Baltimore 451 00:25:40,560 --> 00:25:44,679 Speaker 1: ranked third with nine thirty point nine million dollars raised. 452 00:25:45,119 --> 00:25:48,320 Speaker 1: Former Alaska gather Sarah Palin has lost her defamation case 453 00:25:48,400 --> 00:25:51,240 Speaker 1: against The New York Times for a second time, with 454 00:25:51,359 --> 00:25:54,200 Speaker 1: a jury in Manhattan Federal Court finding for the newspaper, 455 00:25:54,560 --> 00:25:56,560 Speaker 1: a day after the judge in the case said he 456 00:25:56,640 --> 00:26:00,800 Speaker 1: throw out the case anyway because of weak evidence and record. 457 00:26:00,840 --> 00:26:04,040 Speaker 1: Gun seizures last year at US airports are coming under scrutiny, 458 00:26:04,080 --> 00:26:07,840 Speaker 1: and Congress t s A officers come almost six thousand 459 00:26:07,960 --> 00:26:11,640 Speaker 1: firearms at two hundred sixty eight airport security checkpoints across 460 00:26:11,800 --> 00:26:15,719 Speaker 1: the country, about an eight three spike from the year before. 461 00:26:16,280 --> 00:26:18,720 Speaker 1: Global News twenty four hours a day on Airona Bloomberg 462 00:26:18,800 --> 00:26:21,840 Speaker 1: Quick Take power by more than twenty seven hundred journalists 463 00:26:21,840 --> 00:26:24,800 Speaker 1: and analysts. It more than one hundred twenty countries. I'm 464 00:26:24,880 --> 00:26:32,080 Speaker 1: John Tucker. This is Bloomberg, Nathan. Thank you, John, coming 465 00:26:32,160 --> 00:26:34,520 Speaker 1: up to sixty six on Wall Street and John Stashire 466 00:26:34,560 --> 00:26:37,960 Speaker 1: has a Bloomberg Sports update. All right, Nathan a scheduling court. 467 00:26:38,080 --> 00:26:40,000 Speaker 1: The Rangers had their bye week right after the All 468 00:26:40,040 --> 00:26:41,920 Speaker 1: Star breaks, and they went two weeks without a game 469 00:26:41,960 --> 00:26:44,119 Speaker 1: at the Garden. They fell behind the Bruins early on, 470 00:26:44,280 --> 00:26:46,360 Speaker 1: tie the game third period and went to a shootout. 471 00:26:46,400 --> 00:26:49,520 Speaker 1: And in the ninth round at KeAndre Miller goal gave 472 00:26:49,600 --> 00:26:52,240 Speaker 1: the Blue Shirts at two one victory over Boston Islanders 473 00:26:52,280 --> 00:26:55,040 Speaker 1: in Buffalo. Game was tied with three minutes left. Savers 474 00:26:55,040 --> 00:26:57,119 Speaker 1: scored three times in the last three minutes and one 475 00:26:57,200 --> 00:26:59,760 Speaker 1: six to three. Devils led three to one Tampa Bay. 476 00:26:59,840 --> 00:27:02,520 Speaker 1: I'll so three in the third also one six three 477 00:27:02,600 --> 00:27:05,880 Speaker 1: career goal number five hundred for Sydney Crosby of the Penguins. 478 00:27:06,040 --> 00:27:09,640 Speaker 1: NBA Celtics ninth gree win by forty eight in Philadelphia 479 00:27:10,040 --> 00:27:12,000 Speaker 1: six was just made the big trade with the Nets. 480 00:27:12,080 --> 00:27:14,879 Speaker 1: James Harden won't debut in Philly until next Week's got 481 00:27:14,920 --> 00:27:17,280 Speaker 1: an injured hamstring and it's not known when Ben Simmons 482 00:27:17,359 --> 00:27:20,600 Speaker 1: will start playing for Brooklyn. Hasn't played all season. Simmons 483 00:27:20,640 --> 00:27:24,440 Speaker 1: played poorly in last year's playoffs. Criticized heavily. He admits 484 00:27:24,760 --> 00:27:29,600 Speaker 1: he's been dealing with mental health issues. There's a bunch 485 00:27:29,640 --> 00:27:31,480 Speaker 1: of things I was dealing with as a person in 486 00:27:31,600 --> 00:27:33,120 Speaker 1: my personal that I don't really want to go into 487 00:27:33,160 --> 00:27:37,159 Speaker 1: depth to depth with um. But Yeah, I'm here now, 488 00:27:37,320 --> 00:27:39,159 Speaker 1: so you know, it's a blessing to be, you know, 489 00:27:39,560 --> 00:27:41,920 Speaker 1: in an organization like this, and you know, I'm just 490 00:27:41,960 --> 00:27:45,160 Speaker 1: looking forward to get back on the floor and building 491 00:27:45,200 --> 00:27:47,320 Speaker 1: something great here. Nets played the Knicks to night at 492 00:27:47,359 --> 00:27:49,480 Speaker 1: the Guard at the Olympic. The young US hockey squad 493 00:27:49,480 --> 00:27:51,600 Speaker 1: who went three and on the preliminary round, beating in 494 00:27:51,680 --> 00:27:54,720 Speaker 1: the quarterfinals by Slovakia who tied the game of forty 495 00:27:54,760 --> 00:27:56,600 Speaker 1: four seconds less than one weeks to want to shoot 496 00:27:56,640 --> 00:27:59,879 Speaker 1: out Americans Alex Hall Nick Deepper one Golden Silverfie spouse 497 00:28:00,200 --> 00:28:02,840 Speaker 1: Matt Harvey on the witness stand, former employee of the 498 00:28:02,840 --> 00:28:05,439 Speaker 1: Angels on trial for providing the drugs that killed the Angels. 499 00:28:05,480 --> 00:28:08,400 Speaker 1: Pictures Tyler Skaggs. Harvey was Skaggs as team ma Andy 500 00:28:08,440 --> 00:28:13,720 Speaker 1: admitted they both used opioid. John Stack and Bloomberg Sports. Okay, John, 501 00:28:13,800 --> 00:28:16,240 Speaker 1: thank you. It is sixty seven on Wall Street. Time 502 00:28:16,280 --> 00:28:17,879 Speaker 1: now to take a look at stock some of the 503 00:28:18,000 --> 00:28:20,879 Speaker 1: names moving in the pre market with Bloomberg Radio and 504 00:28:21,000 --> 00:28:25,880 Speaker 1: TV markets correspondent Creedy goop dat Creedy looks like investors 505 00:28:26,160 --> 00:28:30,040 Speaker 1: like the outlook from Airbnb. Yeah, things are turning around. 506 00:28:30,119 --> 00:28:32,120 Speaker 1: When it comes to that pandemic trade. I've got two 507 00:28:32,160 --> 00:28:35,280 Speaker 1: stocks to show that dynamic here. Let's start with Airbnb, 508 00:28:35,400 --> 00:28:38,040 Speaker 1: though a b nb is the taker, up three percent 509 00:28:38,120 --> 00:28:40,520 Speaker 1: in the pre market. This comes after they beat revenue 510 00:28:40,520 --> 00:28:43,120 Speaker 1: and profit estimates in the fourth quarter, reporting a net 511 00:28:43,200 --> 00:28:47,440 Speaker 1: income of fifty five million dollars. Nathan, compare that to 512 00:28:47,600 --> 00:28:50,520 Speaker 1: a loss of three point nine billion dollars a year ago. 513 00:28:50,760 --> 00:28:52,640 Speaker 1: I think it's safe to say people are traveling again, 514 00:28:52,680 --> 00:28:55,960 Speaker 1: and that's of course working well for Airbnb. Let me 515 00:28:56,000 --> 00:28:57,920 Speaker 1: tell you the other side of that pandemic trade though, 516 00:28:57,960 --> 00:29:00,320 Speaker 1: the idea of essentially some of those names, so we're 517 00:29:00,360 --> 00:29:02,720 Speaker 1: performing really well when people were in lockdown, and the 518 00:29:02,760 --> 00:29:04,680 Speaker 1: chief among them is going to be those uh the 519 00:29:04,840 --> 00:29:08,480 Speaker 1: gaming sector in particular, Roadblocks comes to mind rb l 520 00:29:08,680 --> 00:29:12,040 Speaker 1: X as your taker, down sixteen percent in the pre market. 521 00:29:12,120 --> 00:29:15,560 Speaker 1: They also reported earnings after the bell yesterday, reporting bookings 522 00:29:15,600 --> 00:29:19,640 Speaker 1: actually that missed the analyst estimates. That also rose from 523 00:29:19,640 --> 00:29:22,719 Speaker 1: a year ago to seven hundred and seventy million dollars. 524 00:29:22,800 --> 00:29:24,960 Speaker 1: But compare that to the analyst estimate of seven hundred 525 00:29:25,000 --> 00:29:27,520 Speaker 1: eighty six million, and you can see why investors are 526 00:29:27,520 --> 00:29:29,960 Speaker 1: a little bit disappointed. But to the point of the 527 00:29:30,000 --> 00:29:33,040 Speaker 1: Airbnb story. It is also a reversal of that pandemic 528 00:29:33,080 --> 00:29:35,600 Speaker 1: boost over the last two years ago, the CEO urging 529 00:29:35,640 --> 00:29:37,920 Speaker 1: investors to take the long view on the game platform 530 00:29:38,000 --> 00:29:41,320 Speaker 1: company as opposed to just a pandemic name. Interesting to 531 00:29:41,360 --> 00:29:44,760 Speaker 1: see those dynamics shift. What other earnings are you looking at? Well, 532 00:29:44,840 --> 00:29:48,560 Speaker 1: let's look at Toast, which has is Toast I should 533 00:29:48,600 --> 00:29:51,760 Speaker 1: say t O s T slumping sixteen percent. I stole 534 00:29:51,800 --> 00:29:55,320 Speaker 1: that joke from Matt Miller. I know it's kind of crazy. Toast. 535 00:29:55,440 --> 00:29:58,640 Speaker 1: It's a restaurant focused payments company. They reported a mixed quarter, 536 00:29:58,720 --> 00:30:01,280 Speaker 1: showing a wider per share loss in the fourth quarter 537 00:30:01,560 --> 00:30:04,520 Speaker 1: than Wall Street expected a but higher revenue. So this 538 00:30:04,680 --> 00:30:07,160 Speaker 1: is once again something that's far more exposed to the 539 00:30:07,240 --> 00:30:10,160 Speaker 1: restaurant sector. We know that those restaurants haven't been coming back, 540 00:30:10,960 --> 00:30:13,640 Speaker 1: and Toast kind of riding that wave. I'll end here 541 00:30:13,720 --> 00:30:15,719 Speaker 1: Nathan with pin doo doo. We gotta keep an eye 542 00:30:15,720 --> 00:30:17,600 Speaker 1: on those Chinese A d R s P d D 543 00:30:17,880 --> 00:30:22,320 Speaker 1: is the taker for the shares up two percent. Getting 544 00:30:22,440 --> 00:30:24,480 Speaker 1: a little bit of an upgrade here from City writing 545 00:30:24,520 --> 00:30:26,320 Speaker 1: in a note that's upgrading it to a buy from 546 00:30:26,360 --> 00:30:29,640 Speaker 1: a neutral, saying that shares are attractively valued following the 547 00:30:29,720 --> 00:30:33,960 Speaker 1: decline in the third quarter and after the global tex 548 00:30:34,000 --> 00:30:36,720 Speaker 1: stele off, seeing some buyers go back into the Chinese market, Nathan, 549 00:30:36,800 --> 00:30:39,720 Speaker 1: and so not all the stocks are toast morning okay, 550 00:30:39,800 --> 00:30:43,600 Speaker 1: bloombergrade on TV Markets correspondent Krety Gupta and as we 551 00:30:43,640 --> 00:30:45,560 Speaker 1: take a look at stocks as a whole ahead of 552 00:30:45,640 --> 00:30:49,720 Speaker 1: the open geo politics the focus for investors on a 553 00:30:51,440 --> 00:30:53,920 Speaker 1: broader level. Right now, S and P futures are down 554 00:30:54,880 --> 00:30:57,360 Speaker 1: but a little change down almost three points now down 555 00:30:57,400 --> 00:31:00,920 Speaker 1: futures down thirty one points. NASTAC futures actuating between games 556 00:31:00,960 --> 00:31:03,280 Speaker 1: and losses. Right now, the tenure treasury is up three 557 00:31:03,360 --> 00:31:05,840 Speaker 1: thirty seconds now with the yield two point zero three 558 00:31:05,920 --> 00:31:07,560 Speaker 1: percent in the yield on the two year right now 559 00:31:07,640 --> 00:31:10,400 Speaker 1: just chy at one point five six. Get the very 560 00:31:10,480 --> 00:31:13,480 Speaker 1: latest developments on the Ukraine situation and more from the 561 00:31:13,560 --> 00:31:17,080 Speaker 1: nation's capital with Bloomberg government reporter Emily Wilkins joining us next. 562 00:31:17,280 --> 00:31:24,480 Speaker 1: This is Bloomberg Bloomberg eleven three oh Weather. Clouds increasing 563 00:31:24,520 --> 00:31:26,600 Speaker 1: today with highs in the upper forties. Late day showers 564 00:31:26,640 --> 00:31:29,960 Speaker 1: possible tomorrow after fifties early highs in the mid fifties Friday, 565 00:31:30,000 --> 00:31:32,840 Speaker 1: with temperatures falling through the day. Thirty is our current 566 00:31:32,880 --> 00:31:39,720 Speaker 1: temperature in Central Park. Markets. Headlines and breaking news twenty 567 00:31:39,760 --> 00:31:42,560 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 568 00:31:42,640 --> 00:31:46,200 Speaker 1: Business App, and at Bloomberg Quicktake. This is a Bloomberg 569 00:31:46,280 --> 00:31:55,840 Speaker 1: Business last and I'm part Moscow. And futures are a 570 00:31:55,880 --> 00:31:57,800 Speaker 1: little changed to lower this morning. Let's go to the 571 00:31:57,800 --> 00:32:00,200 Speaker 1: first word breaking news. Das for today's morning call, here's 572 00:32:00,240 --> 00:32:04,000 Speaker 1: Bill Maloney, Bill, good morning, Hey, good morning, Cannon. That's right. 573 00:32:04,080 --> 00:32:06,400 Speaker 1: U s features are quiet right now with doubt. Futures 574 00:32:06,440 --> 00:32:08,640 Speaker 1: down thirty five points. Subs dropped three and a half 575 00:32:08,880 --> 00:32:11,320 Speaker 1: we than as Dick. Features are lower by just a point. 576 00:32:11,720 --> 00:32:14,280 Speaker 1: The US ten year old at two point oh four percent. 577 00:32:14,400 --> 00:32:17,520 Speaker 1: Gold and oil are both little changed. Bitcoin is trading 578 00:32:17,560 --> 00:32:20,640 Speaker 1: higher by point four percent. Japan rose two point two 579 00:32:20,680 --> 00:32:23,760 Speaker 1: percent overnight, while up markets are also quiet this morning. 580 00:32:24,120 --> 00:32:26,400 Speaker 1: And back in the US on the economic frontday thirty 581 00:32:26,440 --> 00:32:29,160 Speaker 1: retail sales and at two o'clock minutes from the f 582 00:32:29,280 --> 00:32:33,080 Speaker 1: O m C. After belast night, Airbnb beat estimates by 583 00:32:33,160 --> 00:32:36,600 Speaker 1: com CBS missed, and a deal news Sea World's bid 584 00:32:36,720 --> 00:32:40,560 Speaker 1: proceedar Fair was rejected, rapping things up. Echo Lab was 585 00:32:40,680 --> 00:32:43,040 Speaker 1: raised to neutral at JP. Morgan Selony's was cut to 586 00:32:43,120 --> 00:32:46,600 Speaker 1: neutral over at Piper Live from the first Breaking News 587 00:32:46,640 --> 00:32:49,240 Speaker 1: that's gone, Bill Maloney, Karen, all right, Phil, thank you 588 00:32:49,320 --> 00:32:51,760 Speaker 1: and your live breaking news over your Bloomberg type squawk 589 00:32:51,840 --> 00:32:54,120 Speaker 1: on your terminal s qu A w K and that's 590 00:32:54,120 --> 00:32:56,760 Speaker 1: a Bloomberg business flash. Now here's John Tucker with more 591 00:32:56,840 --> 00:32:59,560 Speaker 1: on what's going on around the world. John, Good morning, Karen. 592 00:32:59,600 --> 00:33:03,120 Speaker 1: President Bend says it's still possible Russia will invade Ukraine 593 00:33:03,480 --> 00:33:07,440 Speaker 1: because its troops remain in a threatening position. US regulators 594 00:33:07,480 --> 00:33:10,760 Speaker 1: say they'll step up inspections of every Bowing seven eighty 595 00:33:10,800 --> 00:33:15,280 Speaker 1: seven Dreamliner before delivery. Walt Disney dropping a masked man 596 00:33:15,400 --> 00:33:18,320 Speaker 1: date for fully vaccinated guests to its theme parks. In 597 00:33:18,360 --> 00:33:21,480 Speaker 1: the US sports, the Rangers beat the Bruins and the 598 00:33:21,520 --> 00:33:25,360 Speaker 1: shootout Islanders defeat the Devil. Islanders and Devils both loose 599 00:33:25,680 --> 00:33:29,240 Speaker 1: and the Capital's win and the Penguins Sydney Crosby scores 600 00:33:29,360 --> 00:33:33,200 Speaker 1: is five NHL goal And in basketball, the Celtics beat 601 00:33:33,240 --> 00:33:36,760 Speaker 1: the seventies six years by forty eight points. Global News 602 00:33:36,840 --> 00:33:39,120 Speaker 1: twenty four hours a day on air in the Bloomberg 603 00:33:39,200 --> 00:33:42,040 Speaker 1: quick tape powered by more than twenty seven hundred journalists 604 00:33:42,040 --> 00:33:45,120 Speaker 1: and analysts in more than one hundred twenty countries. I'm 605 00:33:45,200 --> 00:33:49,400 Speaker 1: John Tucker. This is Bloomberg. The following commentary is from 606 00:33:49,480 --> 00:33:53,480 Speaker 1: Bloomberg Opinion. A deep dive into cryptos cure for the 607 00:33:53,520 --> 00:33:57,200 Speaker 1: Texas Power Grid. I'm Liam Denning. A calmness for Bloomberg Opinion. 608 00:33:57,480 --> 00:34:00,840 Speaker 1: A year ago, a sudden optic freeze out the Texas 609 00:34:00,880 --> 00:34:03,960 Speaker 1: power grid. Now, bitcoin miners say they can help strengthen it. 610 00:34:04,280 --> 00:34:08,120 Speaker 1: Mining cryptocurrency is energy intensive, which puts more pressure on 611 00:34:08,200 --> 00:34:11,000 Speaker 1: power grids, but miners say they can turn their demand 612 00:34:11,120 --> 00:34:13,840 Speaker 1: up and down quickly depending on the overall demand for 613 00:34:14,160 --> 00:34:17,839 Speaker 1: and price of electricity. In theory, their extra power needs 614 00:34:17,880 --> 00:34:21,120 Speaker 1: should encourage more generation to be built, and their flexibility 615 00:34:21,160 --> 00:34:25,280 Speaker 1: should be valuable when disaster strikes. However, it is unclear 616 00:34:25,360 --> 00:34:28,439 Speaker 1: as to whether any developer of say a new wind farm, 617 00:34:28,480 --> 00:34:31,040 Speaker 1: would break ground on the premise of crypto mining raising 618 00:34:31,080 --> 00:34:34,640 Speaker 1: power demand for the next twenty years. Above all, despite 619 00:34:34,680 --> 00:34:39,040 Speaker 1: the hype, bitcoin shouldn't overshadow more straightforward fixes for Texas grid. 620 00:34:39,320 --> 00:34:42,240 Speaker 1: I'm Liam Denning. For more opinion, please go to Bloomberg 621 00:34:42,320 --> 00:34:45,160 Speaker 1: dot com. Slash Opinion or O P I n go 622 00:34:45,560 --> 00:34:49,160 Speaker 1: on the Bloomberg terminal. This has been Bloomberg Opinion and 623 00:34:49,200 --> 00:34:52,600 Speaker 1: Bloomberg Opinion commentaries can be heard every weekday at this time, 624 00:34:52,640 --> 00:34:55,120 Speaker 1: and terminal customers can read more at O P I 625 00:34:55,440 --> 00:34:58,000 Speaker 1: n go. It is six fifty on Wall Street. Returned 626 00:34:58,000 --> 00:35:00,440 Speaker 1: to news in science and technology now with a Bloomberg 627 00:35:00,480 --> 00:35:03,000 Speaker 1: and j I T. Stemmer report brought to you by 628 00:35:03,080 --> 00:35:06,120 Speaker 1: New Jersey Institute of Technology, ranked a top fifty national 629 00:35:06,160 --> 00:35:09,360 Speaker 1: public university by US News and World Report and a 630 00:35:09,480 --> 00:35:13,680 Speaker 1: top fifty college for undergraduate entrepreneurship studies by the Princeton Review. 631 00:35:13,840 --> 00:35:15,880 Speaker 1: Learn more at n j I T dot E d U. 632 00:35:16,400 --> 00:35:19,560 Speaker 1: Here's just making news and science, Technology, engineering, and math. 633 00:35:20,040 --> 00:35:22,680 Speaker 1: China's president Shei Jinping has ordered Hong Kong to get 634 00:35:22,719 --> 00:35:26,560 Speaker 1: the city's coronavirus outbreak under control by all necessary means. 635 00:35:26,840 --> 00:35:30,360 Speaker 1: That's an unusual intervention that could lead to stricter measures 636 00:35:30,400 --> 00:35:34,319 Speaker 1: and possibly a broader lockdown. She's remarks came after Hong 637 00:35:34,400 --> 00:35:38,000 Speaker 1: Kong Chief executive Carrie Lamb said the outbreak and overwhelmed 638 00:35:38,040 --> 00:35:42,520 Speaker 1: the government. Alphabet's Wing Unit elevated its leading technology official 639 00:35:42,680 --> 00:35:44,960 Speaker 1: to had the company as it seeks to rapidly expand 640 00:35:45,000 --> 00:35:48,440 Speaker 1: its drone delivery operations. Adam Woodworth, who has spent his 641 00:35:48,600 --> 00:35:51,680 Speaker 1: entire career designing new age aircraft, was named Wings Chief 642 00:35:51,760 --> 00:35:54,560 Speaker 1: executive Officer. Wing has become what it calls the world's 643 00:35:54,600 --> 00:35:57,839 Speaker 1: largest residential drone delivery service. In the first six weeks 644 00:35:57,880 --> 00:35:59,959 Speaker 1: of this year, the company said it as performed twenty 645 00:36:00,040 --> 00:36:03,440 Speaker 1: five thousand deliveries by drone. That's a tenfold increase over 646 00:36:03,520 --> 00:36:06,640 Speaker 1: the same period last year. And then a Platform CEO 647 00:36:06,719 --> 00:36:10,319 Speaker 1: Mark Zuckerberg calls the company's employees metamates and a new 648 00:36:10,400 --> 00:36:13,360 Speaker 1: memo on corporate culture. The founder of Facebook changed the 649 00:36:13,400 --> 00:36:16,200 Speaker 1: company's name in December to reflect a new found focused 650 00:36:16,520 --> 00:36:19,400 Speaker 1: on the so called metaverse. And that's a Bloomberg n 651 00:36:19,480 --> 00:36:21,880 Speaker 1: J I T Stem report. You have to learn a 652 00:36:21,920 --> 00:36:25,040 Speaker 1: whole new language here. Nathan's gonna say, that's gonna take 653 00:36:25,040 --> 00:36:27,040 Speaker 1: a little bit of getting used to. Thank you. Karen, 654 00:36:27,320 --> 00:36:29,680 Speaker 1: six fifty one on Wall Street and we are live 655 00:36:29,719 --> 00:36:32,520 Speaker 1: from the Bloomberg Interactive Broker's studios. Time now to check 656 00:36:32,560 --> 00:36:35,000 Speaker 1: what's going on in DC. Some of the top stories 657 00:36:35,040 --> 00:36:38,400 Speaker 1: there include President Biden warning the threat to Ukraine remains 658 00:36:38,800 --> 00:36:42,200 Speaker 1: fed nominees in limbo on questions about Sarah Bloom Raskin 659 00:36:42,560 --> 00:36:45,480 Speaker 1: and Democrats vowing to curb inflation. As Republicans say, I 660 00:36:45,640 --> 00:36:48,200 Speaker 1: told you so, Let's bring in Bloomberg. Government reporter Emily 661 00:36:48,280 --> 00:36:51,960 Speaker 1: Wilkins starting off with the latest on Ukraine. Emily, it 662 00:36:52,040 --> 00:36:54,880 Speaker 1: does seem as though the president is in trust but 663 00:36:55,160 --> 00:36:58,560 Speaker 1: verifying mode, and we continue to watch these headlines cross 664 00:36:59,000 --> 00:37:02,319 Speaker 1: raising doubts about whether Russia is following through on its 665 00:37:02,640 --> 00:37:06,439 Speaker 1: claims that it's pulling back from the Ukraine border. Yes, 666 00:37:06,680 --> 00:37:09,040 Speaker 1: at this point, I mean, it doesn't seem like anyone 667 00:37:09,080 --> 00:37:13,160 Speaker 1: else's verifying claims. Okay, are moving troops back that if 668 00:37:13,200 --> 00:37:15,879 Speaker 1: our Arny troops that removed, they were troops that were 669 00:37:15,920 --> 00:37:19,439 Speaker 1: not positioned close to the border. Um. And therefore there's 670 00:37:19,440 --> 00:37:22,640 Speaker 1: still a lot of questions about whether that counts as 671 00:37:22,800 --> 00:37:26,360 Speaker 1: a de escalation. UM. Still a lot of concerns. Obviously, 672 00:37:27,080 --> 00:37:30,799 Speaker 1: Biden spoke to the American people on this yesterday, UM 673 00:37:31,040 --> 00:37:33,879 Speaker 1: sort of really focusing on the fact that he does 674 00:37:33,960 --> 00:37:37,080 Speaker 1: still feel like there is a diplomatic option, but also 675 00:37:37,200 --> 00:37:40,000 Speaker 1: just kind of mentally beginning to prepare Americans for what 676 00:37:40,239 --> 00:37:43,719 Speaker 1: it might mean if Russia does cross into Ukraine and 677 00:37:43,880 --> 00:37:47,360 Speaker 1: there is a resulting war. You talk about energy prices, 678 00:37:47,440 --> 00:37:50,840 Speaker 1: saying that you know that could wind up impacting gas prices, 679 00:37:50,920 --> 00:37:53,960 Speaker 1: and that Americans could feel that he was very honest 680 00:37:54,040 --> 00:37:58,520 Speaker 1: and open on that particular point. Um. He's also he 681 00:37:58,760 --> 00:38:01,400 Speaker 1: and other people in his in station have also talked 682 00:38:01,680 --> 00:38:06,320 Speaker 1: about cyber attacks on Ukraine that have hit Ukrainian things, 683 00:38:06,640 --> 00:38:10,880 Speaker 1: the Defense Ministry, UM, other websites, UM, including some some 684 00:38:11,080 --> 00:38:13,319 Speaker 1: big ones for Ukrainian people where they have a lot 685 00:38:13,360 --> 00:38:16,640 Speaker 1: of sensitive information stored. And the US has offered to 686 00:38:16,680 --> 00:38:20,400 Speaker 1: help Ukraine really investigate and respond to those cyber attacks. 687 00:38:20,920 --> 00:38:22,759 Speaker 1: All right, well we which we will. We watch this 688 00:38:23,200 --> 00:38:26,880 Speaker 1: standoff continue near the Ukraine border Emily. We're also watching 689 00:38:26,920 --> 00:38:30,720 Speaker 1: a standoff on Capitol Hill over one of President Biden's 690 00:38:30,760 --> 00:38:34,040 Speaker 1: Federal Reserve nominees and it's got pretty much all of 691 00:38:34,120 --> 00:38:38,880 Speaker 1: his slave in limbo for now. Yeah. The their Democrats 692 00:38:38,920 --> 00:38:41,960 Speaker 1: are planning to move all of Biden's five nominees together. 693 00:38:42,560 --> 00:38:47,000 Speaker 1: The concerns that Republicans have over Sarah Bloom Raskin, and 694 00:38:47,520 --> 00:38:50,040 Speaker 1: yesterday there was supposed to be this vote on this 695 00:38:50,320 --> 00:38:53,640 Speaker 1: committee that would send these dominies to the House to 696 00:38:53,719 --> 00:38:56,600 Speaker 1: the Senate floor. Or at least begin that process. The 697 00:38:56,800 --> 00:38:59,920 Speaker 1: Republicans denied Democrats of quorum. None of them showed up 698 00:39:00,040 --> 00:39:02,960 Speaker 1: than the top Republican on the panel, Senator pat to me, 699 00:39:03,320 --> 00:39:06,359 Speaker 1: he said that he would continue to block a block 700 00:39:06,480 --> 00:39:10,640 Speaker 1: these nominees until he gets more information about why Canada 701 00:39:10,800 --> 00:39:15,080 Speaker 1: at the Kansas City said granted this a master account 702 00:39:15,160 --> 00:39:18,240 Speaker 1: to an Ohio fintech company where Arraskin served as director. 703 00:39:18,680 --> 00:39:21,680 Speaker 1: In our old concerns that Arraskin might have used behaved 704 00:39:21,719 --> 00:39:25,840 Speaker 1: improperly or might use her FED position improperly to benefit 705 00:39:26,239 --> 00:39:28,560 Speaker 1: companies that that she has a link to or that 706 00:39:28,719 --> 00:39:32,400 Speaker 1: she believes in the mission. Raskin has denied this multiple times. 707 00:39:32,480 --> 00:39:34,480 Speaker 1: The White House has said that they looked into the 708 00:39:34,520 --> 00:39:38,359 Speaker 1: incident everything was above board. But Republicans are still having 709 00:39:38,400 --> 00:39:41,200 Speaker 1: their concerns and they're showing their ability to use their 710 00:39:41,280 --> 00:39:45,440 Speaker 1: muscles here and really delay not just Raskin, but bidens 711 00:39:45,480 --> 00:39:50,440 Speaker 1: for other FED nominees, including Powell and meantime, Emily, we're 712 00:39:50,480 --> 00:39:54,280 Speaker 1: seeing some moves from Democrats now to at least try 713 00:39:54,440 --> 00:39:59,680 Speaker 1: to tackle inflation while these questions swirl around what the 714 00:39:59,760 --> 00:40:03,760 Speaker 1: FED doing, and uh interesting to see the Republican reaction 715 00:40:03,880 --> 00:40:07,800 Speaker 1: to some of what the Democrats are doing here. Yeah, Democrats, 716 00:40:07,880 --> 00:40:11,000 Speaker 1: particularly Democrats based in the tough races. UM, they proposed 717 00:40:11,080 --> 00:40:14,560 Speaker 1: legislation that was sent the federal eighteen cents per down 718 00:40:14,640 --> 00:40:18,760 Speaker 1: gas tax until next year. UM. And Republicans have basically, 719 00:40:19,000 --> 00:40:22,399 Speaker 1: you know, immediately shot that down. UM. They said it's 720 00:40:22,440 --> 00:40:27,040 Speaker 1: a by Democrats seek political cover. Just the South Dakota 721 00:40:27,080 --> 00:40:30,640 Speaker 1: Senator John Soon called it desperate cry for help. So 722 00:40:31,000 --> 00:40:33,680 Speaker 1: it doesn't seem like that's necessarily something that's going to 723 00:40:33,760 --> 00:40:36,120 Speaker 1: be done, although Schumer could try and push it through 724 00:40:36,280 --> 00:40:39,759 Speaker 1: if they wind up getting uh A fifty votes. I mean, 725 00:40:39,760 --> 00:40:41,840 Speaker 1: at this point, Democrats are kind of locked in on 726 00:40:41,920 --> 00:40:44,120 Speaker 1: a number of things. They're still trying to figure out 727 00:40:44,400 --> 00:40:47,399 Speaker 1: how to move forward with the Build Back Better package. UM. 728 00:40:47,520 --> 00:40:49,800 Speaker 1: They're questioned about what the future of the U. S. 729 00:40:49,920 --> 00:40:52,920 Speaker 1: China competition Village Senate and Hou. They're supposed to be 730 00:40:53,000 --> 00:40:55,960 Speaker 1: negotiating on that, but we haven't heard a lot about 731 00:40:56,080 --> 00:40:59,879 Speaker 1: the future of those formal negotiations. UH. And the Demo 732 00:41:00,080 --> 00:41:02,200 Speaker 1: have to really the understand that inflation is going to 733 00:41:02,239 --> 00:41:04,360 Speaker 1: be a big concern that it's going to it's a 734 00:41:04,440 --> 00:41:07,400 Speaker 1: huge liability for them as they go into the midterms. 735 00:41:07,440 --> 00:41:10,719 Speaker 1: That's something Republicans are really going to capitalize on, and 736 00:41:10,840 --> 00:41:13,680 Speaker 1: so they are looking for solutions like the suspension of 737 00:41:13,760 --> 00:41:16,640 Speaker 1: the gas tax that they could they would give Americans 738 00:41:16,719 --> 00:41:20,560 Speaker 1: a little bit of uh ease and relaxation on prices. 739 00:41:21,040 --> 00:41:24,080 Speaker 1: All right, Bloomberg Government reporter Emily Wilkins, As always, thanks 740 00:41:24,160 --> 00:41:25,640 Speaker 1: for the update, and you can read more about all 741 00:41:25,680 --> 00:41:28,440 Speaker 1: these stories of Bloomberg dot Com or on the Bloomberg terminal. 742 00:41:28,719 --> 00:41:32,040 Speaker 1: Listen to Bloomberg Radio in Washington Bloomberg one and one 743 00:41:32,080 --> 00:41:35,320 Speaker 1: oh five point seven FM h D two Karen Nathan 744 00:41:35,400 --> 00:41:37,279 Speaker 1: It at six fifty six on Wall Street. This is 745 00:41:37,320 --> 00:41:40,359 Speaker 1: Bloomberg Day Break. February is Black History Month, and every 746 00:41:40,440 --> 00:41:44,280 Speaker 1: day this month were celebrating significant moments in US black history. 747 00:41:44,640 --> 00:41:48,719 Speaker 1: Now with your installment for February sixteenth, here's Bloomberg's ny 748 00:41:48,760 --> 00:41:51,520 Speaker 1: to go on this day in Black History. In nineteen 749 00:41:51,600 --> 00:41:54,399 Speaker 1: fifty one, the New York City Council passes a bill 750 00:41:54,520 --> 00:41:59,239 Speaker 1: prohibiting discrimination against African Americans and city assisted housing. The 751 00:41:59,320 --> 00:42:02,480 Speaker 1: bill was main we directed at the Stuyvesant Town Housing project. 752 00:42:02,800 --> 00:42:06,440 Speaker 1: At the time of public private partnership. Project managers of 753 00:42:06,520 --> 00:42:09,440 Speaker 1: that development prohibited black tenants who had been active in 754 00:42:09,520 --> 00:42:13,760 Speaker 1: the campaign to stop racial discrimination. Lawsuits were filed claiming 755 00:42:13,800 --> 00:42:16,719 Speaker 1: that the project was public horse semi public, and thus 756 00:42:16,920 --> 00:42:20,560 Speaker 1: violated anti discrimination laws from New York City public housing, 757 00:42:20,920 --> 00:42:24,840 Speaker 1: which were rarely enforced. One month later, the Brown Isaacs 758 00:42:24,920 --> 00:42:28,040 Speaker 1: Bill became law in New York City. That's today in 759 00:42:28,120 --> 00:42:32,080 Speaker 1: Black History. I'm ny to young Bloomberg Radio, all right, 760 00:42:32,160 --> 00:42:35,440 Speaker 1: rany to thank you and SMP futures are little change 761 00:42:35,520 --> 00:42:38,320 Speaker 1: this morning, So are NASDAG. Future is down, Future is 762 00:42:38,400 --> 00:42:42,239 Speaker 1: Down thirty five Bloomberg Surveillance is Straight Ahead with Tom Keene, 763 00:42:42,320 --> 00:42:45,759 Speaker 1: Jonathan Farrell and Lisa Abramos for Nathan Hagar, I'm Para 764 00:42:45,800 --> 00:42:47,759 Speaker 1: and Moscow. This is Bloomberg.