Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: Daybreak for Wednesday, February. Coming up this hour, President Biden
Speaker 1: warns the threat remains that Russia will invade Ukraine. Investors
Speaker 1: await minutes from the fans latest policy meeting. UK inflation
Speaker 1: unexpectedly accelerates for a fourth straight month, and Disney drops
Speaker 1: its mass mandate for a fully vaccinated theme. Podcast Sandy
Speaker 1: Hook families win a settlement with gunmaker Runnington A New
Speaker 1: York state's mask mandate ends today. I'm John Tucker. Those
Speaker 1: stories straight ahead. I'm John Stash Howard Sports. The Rangers
Speaker 1: wanted to shoot at the Islanders and Devils both lost,
Speaker 1: so did the US Olympic hockey team. That's all straight
Speaker 1: ahead on Bloomberg day Break on Bloomberg eleven, Frio, New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties, 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. Good Morning, I'm Nathan Hagar
Speaker 1: and I'm Karen Moscow. And futures are lower this morning,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day on Bloomberg SMP Future as well. They're little
Speaker 1: change now, but little change to lower down about shoe
Speaker 1: down futures are about the same, down twenty two and
Speaker 1: nasdack futures down eleven right now, the ten year treasury
Speaker 1: up one thirty second hell two point out three percent. Nathan,
Speaker 1: all right, Karen, we'll have more on the markets in
Speaker 1: just a minute. But first, President Biden says a Russian
Speaker 1: attack against Ukraine is still very much a possibility. He's
Speaker 1: warning that sanctions against Russia won't come without pain for Americans.
Speaker 1: Amy Morris has the latest from our Bloomberg newsroom in Washington.
Speaker 1: President Biden says the sanctions envisioned by his administration against
Speaker 1: Moscow would create long term consequences that would undermine Russia's
Speaker 1: ability to compete economically and strategically. So, he says, the
Speaker 1: administration is all so taking steps to alleviate pressure on
Speaker 1: US energy markets and offset rising prices. Russian desizement bade
Speaker 1: that would also have consequences here at home. But the
Speaker 1: American people understand that defending democracy and liberties never without cost. Meanwhile,
Speaker 1: some Ukrainian banking and government websites were hit with a
Speaker 1: denial of service attack. The US has offered to help investigate.
Speaker 1: Russian officials have repeatedly denied any plans to attack Ukraine.
Speaker 1: In Washington, I maybe Morris Bloomberg daybreak, All right, Amy,
Speaker 1: thank you. Meanwhile, a standoff over one of President Biden's
Speaker 1: nominees to the Federal Reserve is putting all of them
Speaker 1: in limbo. Republicans on the Senate Banking Committee are blocking
Speaker 1: Sarah bloom Raskin's confirmation. They say they want to know
Speaker 1: more about a special master account that the Kansas City
Speaker 1: Fed granted to a Colorado based fintech while Raskins served
Speaker 1: on its board. Republican Senator Bill Haggard Ay sits on
Speaker 1: the Banking Committee. The more than thirty five questions where
Speaker 1: her answers provided were blanket. I do not recall or
Speaker 1: I'm not aware in response to questions on this. So
Speaker 1: we have not gotten to the bottom of this, and
Speaker 1: we need more information, and until we do, I'm not
Speaker 1: prepared to vote on her. Tennessee Senator Bill Haggard A
Speaker 1: spoke with our Washington correspondent Joe Matthew on Bloomberg's Sound
Speaker 1: On Catch the program's weekdays at five pm Eastern on
Speaker 1: Bloomberg Radio, Well Karen. The Fed will also be in
Speaker 1: focus today with the release of the minutes from January's
Speaker 1: policy meeting. We get more from Bloomberg's Michael McKee. Tightened
Speaker 1: Fed concern about inflation led to a sell off in
Speaker 1: bonds when the last minutes were released or repeat as possible.
Speaker 1: Investors want to know just how worried the central bankers
Speaker 1: were at their last meeting when they suggested it was
Speaker 1: almost time to raise interest rates. In particular, how far
Speaker 1: and how fast did they anticipate moving bond investors In particular,
Speaker 1: We'll be looking for any details on when and how
Speaker 1: FED officials anticipate shrinking their balance sheet. Kansas City Fed
Speaker 1: President Estra George recently warned the process could be rocky
Speaker 1: for the markets. Michael McKee, Bloomberg Daybreak, Michael, thank you.
Speaker 1: In addition to the Fed minutes, we also get the
Speaker 1: retail sales are poor for the month of January. That's
Speaker 1: coming out later this morning. Meanwhile, in the UK, inflation
Speaker 1: unexpectedly a seller rated for a fourth strade month. They
Speaker 1: go live to London and get the latest of the
Speaker 1: Bloomberg's Max Ramsey, Good Morning, Max, Morning, Karen and Nathan Yes.
Speaker 1: CPI in the year to January came in slightly hotter
Speaker 1: than economists and the Bank of England expected, at five
Speaker 1: and a half percent. It is a new thirty year
Speaker 1: high here in the UK, driven by clothing and footwear,
Speaker 1: and it comes as the UK faces a cost of
Speaker 1: living crisis. Now. The figures raised the stakes for the
Speaker 1: b are and add pressure. Investors are not ruling out
Speaker 1: a fifty basis point hike when they meet in March,
Speaker 1: an unprecedented move since the bo E gained independence back
Speaker 1: in Live in London, Max Ramsey, Bloomberg day Break, Okay, Max,
Speaker 1: thank you. Inflation in Asia is also in focus. The
Speaker 1: latest data out of China show price pressures ease last month,
Speaker 1: but factory gate prices were still elevated. Bloomberg Daybreak Asia
Speaker 1: anchor Brian Curtis has more. The producer price index rose
Speaker 1: nine point one percent from a year earlier. That was
Speaker 1: weaker than the estimate of nine point five percent, and
Speaker 1: it was down from December's reading. And the good news
Speaker 1: for policymakers is that it gives them some more room
Speaker 1: to cut interest rates. China shifted to a pro growth
Speaker 1: bias late last year. That was after the economy was
Speaker 1: hit by virus outbreaks and a slump in the property market.
Speaker 1: Consumer prices grew zero point nine percent last month from
Speaker 1: a year earlier, and that was slower than a projected
Speaker 1: one percent increase. Bryan Curtis, Bloomberg Daybreak, Brian, thank you.
Speaker 1: Turning to the pandemic, Disney is dropping its mask mandate
Speaker 1: for fully vaccinated guests at its US theme parks starting tomorrow.
Speaker 1: Face coverings will be optional both indoors and out at
Speaker 1: Walt disney World in Florida and Disneyland in California. Masks
Speaker 1: will still be mandatory if you're not fully vaccinated. The
Speaker 1: major Wall Street firms are still grappling with how to
Speaker 1: bring employees back to the office as we come out
Speaker 1: of the pandemic. For Goldman Sax CEO David Solomon, he
Speaker 1: says an in person office will always be an important
Speaker 1: part of the bank's identity. We get that story from
Speaker 1: Bloomberg's Charlie Pellace, speaking from the Pivot m I a
Speaker 1: conference in Miami Beach. Solomon said the office was particularly
Speaker 1: valuable for the development of employees in their twenties, who
Speaker 1: make up about half of the firm. He noted that
Speaker 1: Goldman has established a presence in cities across the US,
Speaker 1: including in South Florida, but he said the pandemic will
Speaker 1: not prompt the Wall Street giant to provide jobs that
Speaker 1: can be done from remote locations such as Jackson Hole,
Speaker 1: Wyoming in New York. Charlie Pellet Bloomberg Daybreak, Charlie, thank you.
Speaker 1: As the debate continues on how many days workers should
Speaker 1: spend in the office, Airbnb is looking to capitalize on
Speaker 1: the work from home trend. We spoke with Airbnb CEO
Speaker 1: Brian Sewsky, but we do think more and more people
Speaker 1: are gonna work remotely over the summer with family. They
Speaker 1: might take them somewhere, get a summer rental. But we
Speaker 1: also just think that we're gonna have three day weekends
Speaker 1: a lot more frequently for people where they might work
Speaker 1: from an Airbnb on a Friday or Monday and go
Speaker 1: away for that weekend. Airbnb's Brian Chesky says his company's
Speaker 1: fourth quarter earnings, where it's best ever, shares her up
Speaker 1: more than three percent in early trading. Finally, Karen, we
Speaker 1: have a new big money maker on campus. Stanford University
Speaker 1: has edged out Harvard as the country's biggest college, Andrey's
Speaker 1: here at the California Institution raised one point three nine
Speaker 1: billion dollars last fiscal year. That was about ten million
Speaker 1: more than Harvard. They were the only two schools that
Speaker 1: raked in more than a billion. Rising stock markets helped
Speaker 1: drive the donations last year. Markets are moving a touch
Speaker 1: lower this morning, straight ahead local headlines in the check
Speaker 1: of sports. This is Bloomberg and it's now six o
Speaker 1: seven on All Street where thirty degrees in Central Park.
Speaker 1: The Sunrise Highways closed both ways. John Tuckers here with
Speaker 1: more on what's going on in New York and around
Speaker 1: the world. John, and good morning, Nathan. Yeah, it's a
Speaker 1: fiery crash this morning that has closed the Sunrise Highway.
Speaker 1: A tanker truck reportedly ran into a nearby storefront and
Speaker 1: exploded flame sprint to as many as eight stores. Starting
Speaker 1: today in New York, State will end its requirement that
Speaker 1: people entering businesses must wear masks or show proof of
Speaker 1: full vaccination. New York City mass are still required at
Speaker 1: schools and healthcare facilities, owners of stores, restaurants, theaters, or
Speaker 1: other public spaces can still require face coverings. Remington Arms
Speaker 1: will pay seventy three million dollars to families who lost
Speaker 1: loved ones in the Sandy Hook Elementary school shooting. More
Speaker 1: in the story and the Landmarks settlement from Bloomberg's Jeff Bellinger.
Speaker 1: It is a settlement that could open the door to
Speaker 1: more lawsuits seeking to hold gun companies liable for mass shootings.
Speaker 1: The money will be divided among nine families who lost
Speaker 1: loved ones in the twenty twelve shooting in Newtown, Connecticut,
Speaker 1: that left twenty children and six staff members dead. Remington
Speaker 1: did not admit liability in the settlement. Adam Lanza, the
Speaker 1: twenty year old Sandy Hook gunman, used an a R
Speaker 1: fifteen style rifle made by Bushmaster, a company that was
Speaker 1: owned by Remington. Jeff Bellinger, Bloomberg day Break Boeing seven
Speaker 1: eighties seven Dreamliners suffered a new blow. US regulators say
Speaker 1: they'll step up inspections of each jet before delivery, since
Speaker 1: the companies grappled with structural glitches that turned its popular
Speaker 1: wide body jet into a drain on cash. More than
Speaker 1: one under ten of the carbon fiber aircraft have been
Speaker 1: built but left undelivered while the issues are resolved, and
Speaker 1: the York Democratic Representative Kathleen Rice says she won't run
Speaker 1: for re election after nearly eight years in office. The
Speaker 1: fifty seven year old Rice, who represents parts of Long Island,
Speaker 1: didn't say what she planned to do next. She joins
Speaker 1: dozens of her colleagues that are retiring or running for
Speaker 1: other public office ahead of the twenty twenty two mid
Speaker 1: term elections, where Democrats of here they could lose control
Speaker 1: of the House and New Jersey betters they wagered a
Speaker 1: record onety three point seven million dollars on the Super Bowl.
Speaker 1: That's up from the prior year, even with bets being
Speaker 1: taken in neighboring New York. For the first time, sports
Speaker 1: betting is exploded across the U s. Sence the Supreme
Speaker 1: Court allowed states outside of Nevada to offer it. In
Speaker 1: eighteen and Global News twenty four hours a day on
Speaker 1: air hand on Bloomberg Quicktake. We're powered by more than
Speaker 1: twenty seven hundred journalists and analysts in more than one
Speaker 1: hundred twenty countries. I'm John Tucker is Bloomberg. Nathan. Thanks John.
Speaker 1: Almost six ten on Wall Street tim for the Bloomberg
Speaker 1: Sports upthing with john Ston John May you think ever?
Speaker 1: The hockey shootouts Rangers and Bruins at the Garden US
Speaker 1: and Slovakia and Beijang Rangers one there as they scored
Speaker 1: on their first two attempts at the shoot album makers
Speaker 1: advantage and then r Timmy Finner and then six straight
Speaker 1: misses before ki Andre Miller scored, given the Rangers of
Speaker 1: two thrilling to the one win their first gave me
Speaker 1: two weeks at the Olympics, US led to one final
Speaker 1: minutes scene ready to advance in the semifinals. Slovakia scored
Speaker 1: in the U s went over five and the shootout
Speaker 1: gets eliminated after going three and oh on the preliminary rout.
Speaker 1: After the NHL Islanders of Devils both lost by the
Speaker 1: same six to three score. Both gave up three goals
Speaker 1: in the third period of the Isles in Buffalo, the
Speaker 1: Saves Sabers scored three times in the last three minutes.
Speaker 1: Devil's Blue a three one League felt to Tampa Bay.
Speaker 1: Also last night, Sidney Crosby careers gold under five hundred
Speaker 1: for Pittsburgh and NBA blowout read odd Cell thinks one
Speaker 1: than a night that a row in Philadelphia by James
Speaker 1: Harden watched from the Philly bench. He has an injured
Speaker 1: Answering said he was happy to leave Brooklyn. Harden was
Speaker 1: asked about playing with Kyrie Irving, who had has refused
Speaker 1: to get vaccinated, only recently started playing and only in
Speaker 1: road Gamesman car really good friends. Uh, you know, whatever
Speaker 1: he is going through, he is still going through as
Speaker 1: his personal preference. But it definitely didn't impact the team
Speaker 1: because originally, you know, obviously me, Kyrie and Katie on
Speaker 1: the court, you know, and winning covers up a lot
Speaker 1: of that. Net's play a road game tonight, but it's
Speaker 1: in New York against the next vaccine mandate, means wherever
Speaker 1: he can't play college hoops. Fordham lost other win for
Speaker 1: Iona the one Olympic disappointment in hockey, but the US
Speaker 1: one gold and silver freestyle ski johns Cash Etward Bloomberg
Speaker 1: Sports all right, John, Thanks. Futures down two tenths per
Speaker 1: cent across the board of SMP. Futures down seven points down,
Speaker 1: Futures down sixty three. Nastic features are lower by twenty
Speaker 1: five points ten. Your treasury yield two point zero three percent.
Speaker 1: This is Bloomberg Bloomberg eleven three oh weather increasing clouds
Speaker 1: up for forties today, Late day showers possible tomorrow with
Speaker 1: the high near sixty early high Friday in the mid fifties.
Speaker 1: Temperatures will fall through the day Right now twenty nine
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: Out and at Bloomberg Quick Tape He's a Bloomberg Business
Speaker 1: Flash and I'm para in Moscow. And the global stock
Speaker 1: rally is stalling as traders struggle to evaluate the risk
Speaker 1: of geopolitical tension in Ukraine and the impact of rising
Speaker 1: inflation on central bank policies. US dot indext futures are
Speaker 1: lower and we check the markets every fifteen minutes throughout
Speaker 1: the trading day on Bloomberg Guess and P futures down
Speaker 1: about eight points down, futures down sixties six, NASDACK futures
Speaker 1: down twenty the decks in Germany as it will change,
Speaker 1: the ten year treasury up one thirty second yell two
Speaker 1: point oh three set yield on the two year one
Speaker 1: point five six per cent. NIMEX screwed oil is up
Speaker 1: eight ten percent or seventy three cents at ninety two
Speaker 1: dollars eighty cents in barrel comic School. That will change
Speaker 1: in eighteen fifty six thirty ounce, the euro one point
Speaker 1: one three seven seven against the dollar, British pound one
Speaker 1: point three five six seven, the ends in one fifteen
Speaker 1: point six nine, and Bitcoin movement higher at forty four thousand,
Speaker 1: two hundred dollars. And that's a Bloomberg business flash. Now
Speaker 1: here's John Tucker with more on what's going on around
Speaker 1: the world. John and Morning Karen. President Biden says it's
Speaker 1: still possible Russia will invade Ukraine because it's troops remain
Speaker 1: at what he calls a threatening position. Well, Disney is
Speaker 1: dropping a masked mandate tomorrow for fully vaccinated gas to
Speaker 1: its theme parks in the United States. In US, regulators
Speaker 1: say they'll stamp up inspections of every Bowing seven eighty
Speaker 1: seven Dreamliner before delivery. Sports, the Rangers beat the Bruins
Speaker 1: in the Shoe nowt The Islanders and Devils both lose.
Speaker 1: The Capital's win and the Penguins Sydney Crosby scores is
Speaker 1: five NHL goal Basketball, the Celtics beat the seventies six
Speaker 1: ers by forty eight points. Global news twenty four hours
Speaker 1: a day on irund on Bloomberg Quickday Power by more
Speaker 1: than twenty seven hundred journalists and analysts it more than
Speaker 1: one hundred twenty countries on John Tucker did He's Bloomberg?
Speaker 1: Nathan Okay? John? Thanks at six nineteen on Wall Street
Speaker 1: Line from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: Daybreak and Tracy McMillian is with us now. She's head
Speaker 1: of Global Asset Allocation Strategy at Wells Fargo Investment Institute. Tracy,
Speaker 1: it's great to have you with us this morning. Although
Speaker 1: the market seemed to be focused on geopolitical risk right now,
Speaker 1: with futures slightly lower and headlines continuing to come down,
Speaker 1: where do you see these markets shaking out here? Do
Speaker 1: we have more risk premium to be priced in to
Speaker 1: come well? Thank you for having me this morning, Nathan. Yes,
Speaker 1: we you know, we're seeing inflation and geopolitical events both
Speaker 1: driving market volatility this week. But you know, earnings have
Speaker 1: come in very strong this quarter and we do think
Speaker 1: that you know, that is going to underpin some higher
Speaker 1: equity prices probably later in the year. But today investors
Speaker 1: are going to be watching retail sales and they're going
Speaker 1: to be watching for the FED minutes, UM for any
Speaker 1: signs that uh, you know, retail sales maybe uh weaker
Speaker 1: than expected. They're um, you know, expected to come in
Speaker 1: with a bit more strength than what we saw last month,
Speaker 1: but you know, m because consumer sentiment is deteriorating, and
Speaker 1: disposable income um has also been uh coming in a
Speaker 1: bit lower. That is possibly gonna set us up for
Speaker 1: a disappointment and retail sale. So you know, retail sales
Speaker 1: FED minutes are the things we think investors will be
Speaker 1: watching too. How do you think the FED will react
Speaker 1: to those latest data points? So obviously we got the
Speaker 1: much higher than expected producer prices yesterday, and if we
Speaker 1: do see weakness and retail sales, could that be something
Speaker 1: that moves the FED to become even more aggressive than
Speaker 1: markets are pricing in right now. Yeah, we we do
Speaker 1: think that because the Fed has seen upside surprises in
Speaker 1: both of their mandates, that does perhaps put it on
Speaker 1: a more aggressive path this year. Um. But you know,
Speaker 1: the SAD doesn't want to surprise the markets, and credit
Speaker 1: markets so far been pretty well behaved. And they don't
Speaker 1: want to risk a major disruption there. So, you know,
Speaker 1: if the SET is going to raise interest rates by
Speaker 1: fifty basis points, then we think they're gonna have to
Speaker 1: start communicating that pretty soon. And we really haven't seen
Speaker 1: the FED governors come out to nor have we seen
Speaker 1: Powell or Brainerd starting to signal a fifty basis point
Speaker 1: in prease. But if we do hear, you know, anything
Speaker 1: from the governors or Powell or brainer then we need
Speaker 1: to start taking that fifty basis points pretty seriously. So
Speaker 1: what's your conviction on what the FED could do at
Speaker 1: the March meeting? Do you have conviction at this point
Speaker 1: on whether the Fed's gonna stick with twenty five or
Speaker 1: or could they go to fifty. So we think that
Speaker 1: the Fed is probably going to stick to fifty five
Speaker 1: in March again, unless they start preparing markets almost immediately.
Speaker 1: And because we really haven't heard that um coming from uh,
Speaker 1: the top level of the FED yet, we're we're sticking
Speaker 1: with twenty five for now. Okay, In terms of earnings,
Speaker 1: do you think of earnings can continue to underpin valuations
Speaker 1: even with a less accommodative central bank? So earnings, like
Speaker 1: I said, are coming in really strong this quarter, about
Speaker 1: up about twent We think that's going to model rate
Speaker 1: down to about five to ten percent this year, but
Speaker 1: we do think that will be enough to underpin higher
Speaker 1: prices by the end of the year. We think that
Speaker 1: UM by year end, the S and P five hundred
Speaker 1: should see about two hundred and thirty five per share
Speaker 1: and earnings UM, and we think that that's good upside
Speaker 1: from here. So, you know, we're telling investors to take
Speaker 1: advantage of any significant weakness and markets that we might see.
Speaker 1: You know, as we are dealing with UM, a change
Speaker 1: in sad policy and geopolitical events that are spooking investors.
Speaker 1: So in a last minute here, does that mean that
Speaker 1: make a cap tech stocks still look attractive? Are you
Speaker 1: looking for further rotation into value? So we do continue
Speaker 1: to like technology UM. We are moving up in quality
Speaker 1: and we feel like technology companies are still generally posting
Speaker 1: high quality earnings UM. We think that higher rates in
Speaker 1: technology stocks are are probably pretty priced in by this
Speaker 1: point and we don't see rates going a lot higher
Speaker 1: from where they are. So we we do think that UM.
Speaker 1: You know, as companies continue to digitalize and try to
Speaker 1: improve productivity, in the face of labor shortages. That technology
Speaker 1: is an interesting space for us. Good to get your
Speaker 1: thoughts this morning, Tracy, Thanks again for being with us.
Speaker 1: Tracy McMillian is ahead of global asset allocation at Wells
Speaker 1: Fargo Investment Institute. Looking at the markets right now, I
Speaker 1: think we can call it jittery. SMP futures are down
Speaker 1: six points, staff features down sixty two, NASTAC futures lower
Speaker 1: by thirteen points, the tenure treasury up one thirty seconds,
Speaker 1: with the yield close to two point zero four percent.
Speaker 1: Yield on the two year one point five six as
Speaker 1: investors continue to watch headlines on the Ukraine standoff as
Speaker 1: well as waiting the release of the retail sales figures
Speaker 1: coming out in just a couple hours, and of course
Speaker 1: those fed January minutes stay with us for more. This
Speaker 1: is Bloomberg Bloomberg eleven three oh Weather clouds will increase
Speaker 1: with eyes in the upper forties today, upper fifth east tomorrow,
Speaker 1: with late day showers early high in the mid fifthiaest
Speaker 1: Friday of the temperatures will fall through the day. Right
Speaker 1: now twenty nine in Central Park, broadcasting live from the
Speaker 1: Bloomberg Interactive Broker studio in New York, Bloomberg E Looving
Speaker 1: Freedom to Washington, d C, Bloomberg to Boston, Bloomberg one
Speaker 1: O six one to San Francisco, Bloomberg nine sixty to
Speaker 1: the Country, Sirius XM to the one ninet and around
Speaker 1: the globe the Bloomberg Business app and Bloomberg Radio dot Com.
Speaker 1: This is Bloomberg Daybreak and at six thirty on Wall Street.
Speaker 1: Good morning. I'm Nathan Hager and I'm Karen Moscow, and
Speaker 1: we are just about three hours away from the open
Speaker 1: of US trading. Time for the five Things you need
Speaker 1: to know to start your day, brought to you by
Speaker 1: Interact your Brokers Global Analysts. Global Analysts helps you find
Speaker 1: new global investment opportunities to diversify your portfolio and discover
Speaker 1: undervalued companies that may have greater growth potential. Try ib
Speaker 1: k our Global Analysts today at ib k R dot
Speaker 1: com slash g At first, the situation in Ukraine remains
Speaker 1: front and center this morning. President Biden says it's not
Speaker 1: verified that Russia's pulled troops back from the border with Ukraine,
Speaker 1: and Bloomberg's and Baxter has the story. President Biden says,
Speaker 1: so far, intelligence is not showing it, and the fact
Speaker 1: remains right now, Russia has more than a hundred and
Speaker 1: fifty thousand troops and circling Ukraine and Belarus along Ukraine's border.
Speaker 1: An invasion remains distinctly possibly. Biden says if that happens,
Speaker 1: russiall be held responsible globally for death and destruction. He
Speaker 1: says sanctioned packages are in place and that the overriding
Speaker 1: issue that governments have is the right to plot their
Speaker 1: own destinies. In San Francisco, I'm at Baxter Bloomberg Gay break,
Speaker 1: all right, thank you. Meantime, there's a standoff on Capitol
Speaker 1: Hill over President Biden's Federal Reserve nominees. Republicans on the
Speaker 1: Senate Banking Committee have questions for one of them, Sarah
Speaker 1: bloom Raskin, and her role on the board of a fintech.
Speaker 1: Raskin is the President's picked for FED Vice Chair for supervision. Well,
Speaker 1: this afternoon, Nathan, the FED releases minutes of januaries meeting
Speaker 1: on monetary policy. We get the story from Bloomberry's Vinidale Judais.
Speaker 1: Bloomberg Economics says the minutes could reveal whether the FED
Speaker 1: has an appetite for a half point March rate increased
Speaker 1: the battle inflation. Such sentiment could explain hawkish comments by
Speaker 1: FED chairs Rome Powell following January's policy meeting. Recent speeches
Speaker 1: by FED officials have also been hawkish and signal central
Speaker 1: bankers are open to aggressive action. With inflation running at
Speaker 1: the fastest patents to early nineteen eighties, The FEDS March
Speaker 1: meeting is set for the fifteenth and sixteenth Vinnie delle
Speaker 1: Judais Bloomberg day break All right, Vinnie. Thanks. In the UK,
Speaker 1: inflation unexpectedly accelerated for the fourth month in a row.
Speaker 1: Annual rice growth in January rose to five and a
Speaker 1: half percent, a new thirty year high. And on the
Speaker 1: earnings front, Nathan shares of Airbnb up more than three
Speaker 1: percent in early trading. The San Francisco based travel company
Speaker 1: beat revenue and profit estimates in the fourth quarter. And
Speaker 1: as the five things you need to know to start
Speaker 1: your day brought to you by Interactive Brokers, Futures this
Speaker 1: morning lower SNP Future is down five points down, Futures
Speaker 1: down fifty five nasdag Future is little change down about
Speaker 1: seven straight ahead your latest headlines, as well as a
Speaker 1: check on Sports and this is Bloomberg. Okay, Karen, thank you.
Speaker 1: Six thirty three on Wall Street, thirty degrees in Central Park.
Speaker 1: Big problems on the Sunrise Highway closed both ways of
Speaker 1: Rockville Center. John Tucker's here with more on what's going
Speaker 1: on in New York and around the world. Good morning,
Speaker 1: John and Nathan. Rockville Center on Long Island. The side
Speaker 1: of that nasty fire the sporting he had erupted when
Speaker 1: a tanker truck traveling on the Sunrise Highway veered off
Speaker 1: into a storefront. All the flames reportedly have spread eight
Speaker 1: other stores. No word yet on injuries. Another side, the
Speaker 1: US increasingly sinking to live alongside the coronavirus. We get
Speaker 1: to tales this morning from Bloomberg's Lisa Matteo. New York
Speaker 1: State today will end its requirement that people entering businesses
Speaker 1: must wear masks or show proof of full vaccination, and
Speaker 1: beyond New York, Walt Disney is dropping a mask mandate
Speaker 1: for fully vaccinated guests to its theme parks in the US.
Speaker 1: Face coverings will become optional for inoculated visitors in both
Speaker 1: outdoor and indoor locations from Thursday, According to a statement
Speaker 1: posted on the Disney World Website. Masks will remain mandatory
Speaker 1: for those who are not fully vaccinated. The decision comes
Speaker 1: just days after Universal Orlando ditched its mask requirement. Lisa
Speaker 1: Matteo Bloomberg Day Break a discovery under a stairwheel at
Speaker 1: an upstate New York home. A little girl reported missing
Speaker 1: more than two years ago when she was just four
Speaker 1: has been found alive more than one fifty miles from
Speaker 1: where she disappeared. Please say they found six year old
Speaker 1: Paisley Sheltas in house in Sogads, New York, huddled in
Speaker 1: a cold went space under the stairs. The Socrates Police
Speaker 1: Chief nobody was leaving without that child. They we honestly
Speaker 1: believe that that child was there, and of course, at
Speaker 1: the end of the day, that's exactly what the case was.
Speaker 1: They say she was abducted by her biological parents who
Speaker 1: lost custody in tin Stanford University has raised one point
Speaker 1: three nine billion dollars in the last fiscal year, the
Speaker 1: most among US colleges, and it narrowly edges out Harvard
Speaker 1: University for the top fundraising spot. The perennial fundraising Rivals
Speaker 1: were the only schools to raise more than a billion
Speaker 1: dollars in the twelve months. JOHNS. Hopkins University in Baltimore
Speaker 1: ranked third with nine thirty point nine million dollars raised.
Speaker 1: Former Alaska gather Sarah Palin has lost her defamation case
Speaker 1: against The New York Times for a second time, with
Speaker 1: a jury in Manhattan Federal Court finding for the newspaper,
Speaker 1: a day after the judge in the case said he
Speaker 1: throw out the case anyway because of weak evidence and record.
Speaker 1: Gun seizures last year at US airports are coming under scrutiny,
Speaker 1: and Congress t s A officers come almost six thousand
Speaker 1: firearms at two hundred sixty eight airport security checkpoints across
Speaker 1: the country, about an eight three spike from the year before.
Speaker 1: Global News twenty four hours a day on Airona Bloomberg
Speaker 1: Quick Take power by more than twenty seven hundred journalists
Speaker 1: and analysts. It more than one hundred twenty countries. I'm
Speaker 1: John Tucker. This is Bloomberg, Nathan. Thank you, John, coming
Speaker 1: up to sixty six on Wall Street and John Stashire
Speaker 1: has a Bloomberg Sports update. All right, Nathan a scheduling court.
Speaker 1: The Rangers had their bye week right after the All
Speaker 1: Star breaks, and they went two weeks without a game
Speaker 1: at the Garden. They fell behind the Bruins early on,
Speaker 1: tie the game third period and went to a shootout.
Speaker 1: And in the ninth round at KeAndre Miller goal gave
Speaker 1: the Blue Shirts at two one victory over Boston Islanders
Speaker 1: in Buffalo. Game was tied with three minutes left. Savers
Speaker 1: scored three times in the last three minutes and one
Speaker 1: six to three. Devils led three to one Tampa Bay.
Speaker 1: I'll so three in the third also one six three
Speaker 1: career goal number five hundred for Sydney Crosby of the Penguins.
Speaker 1: NBA Celtics ninth gree win by forty eight in Philadelphia
Speaker 1: six was just made the big trade with the Nets.
Speaker 1: James Harden won't debut in Philly until next Week's got
Speaker 1: an injured hamstring and it's not known when Ben Simmons
Speaker 1: will start playing for Brooklyn. Hasn't played all season. Simmons
Speaker 1: played poorly in last year's playoffs. Criticized heavily. He admits
Speaker 1: he's been dealing with mental health issues. There's a bunch
Speaker 1: of things I was dealing with as a person in
Speaker 1: my personal that I don't really want to go into
Speaker 1: depth to depth with um. But Yeah, I'm here now,
Speaker 1: so you know, it's a blessing to be, you know,
Speaker 1: in an organization like this, and you know, I'm just
Speaker 1: looking forward to get back on the floor and building
Speaker 1: something great here. Nets played the Knicks to night at
Speaker 1: the Guard at the Olympic. The young US hockey squad
Speaker 1: who went three and on the preliminary round, beating in
Speaker 1: the quarterfinals by Slovakia who tied the game of forty
Speaker 1: four seconds less than one weeks to want to shoot
Speaker 1: out Americans Alex Hall Nick Deepper one Golden Silverfie spouse
Speaker 1: Matt Harvey on the witness stand, former employee of the
Speaker 1: Angels on trial for providing the drugs that killed the Angels.
Speaker 1: Pictures Tyler Skaggs. Harvey was Skaggs as team ma Andy
Speaker 1: admitted they both used opioid. John Stack and Bloomberg Sports. Okay, John,
Speaker 1: thank you. It is sixty seven on Wall Street. Time
Speaker 1: now to take a look at stock some of the
Speaker 1: names moving in the pre market with Bloomberg Radio and
Speaker 1: TV markets correspondent Creedy goop dat Creedy looks like investors
Speaker 1: like the outlook from Airbnb. Yeah, things are turning around.
Speaker 1: When it comes to that pandemic trade. I've got two
Speaker 1: stocks to show that dynamic here. Let's start with Airbnb,
Speaker 1: though a b nb is the taker, up three percent
Speaker 1: in the pre market. This comes after they beat revenue
Speaker 1: and profit estimates in the fourth quarter, reporting a net
Speaker 1: income of fifty five million dollars. Nathan, compare that to
Speaker 1: a loss of three point nine billion dollars a year ago.
Speaker 1: I think it's safe to say people are traveling again,
Speaker 1: and that's of course working well for Airbnb. Let me
Speaker 1: tell you the other side of that pandemic trade though,
Speaker 1: the idea of essentially some of those names, so we're
Speaker 1: performing really well when people were in lockdown, and the
Speaker 1: chief among them is going to be those uh the
Speaker 1: gaming sector in particular, Roadblocks comes to mind rb l
Speaker 1: X as your taker, down sixteen percent in the pre market.
Speaker 1: They also reported earnings after the bell yesterday, reporting bookings
Speaker 1: actually that missed the analyst estimates. That also rose from
Speaker 1: a year ago to seven hundred and seventy million dollars.
Speaker 1: But compare that to the analyst estimate of seven hundred
Speaker 1: eighty six million, and you can see why investors are
Speaker 1: a little bit disappointed. But to the point of the
Speaker 1: Airbnb story. It is also a reversal of that pandemic
Speaker 1: boost over the last two years ago, the CEO urging
Speaker 1: investors to take the long view on the game platform
Speaker 1: company as opposed to just a pandemic name. Interesting to
Speaker 1: see those dynamics shift. What other earnings are you looking at? Well,
Speaker 1: let's look at Toast, which has is Toast I should
Speaker 1: say t O s T slumping sixteen percent. I stole
Speaker 1: that joke from Matt Miller. I know it's kind of crazy. Toast.
Speaker 1: It's a restaurant focused payments company. They reported a mixed quarter,
Speaker 1: showing a wider per share loss in the fourth quarter
Speaker 1: than Wall Street expected a but higher revenue. So this
Speaker 1: is once again something that's far more exposed to the
Speaker 1: restaurant sector. We know that those restaurants haven't been coming back,
Speaker 1: and Toast kind of riding that wave. I'll end here
Speaker 1: Nathan with pin doo doo. We gotta keep an eye
Speaker 1: on those Chinese A d R s P d D
Speaker 1: is the taker for the shares up two percent. Getting
Speaker 1: a little bit of an upgrade here from City writing
Speaker 1: in a note that's upgrading it to a buy from
Speaker 1: a neutral, saying that shares are attractively valued following the
Speaker 1: decline in the third quarter and after the global tex
Speaker 1: stele off, seeing some buyers go back into the Chinese market, Nathan,
Speaker 1: and so not all the stocks are toast morning okay,
Speaker 1: bloombergrade on TV Markets correspondent Krety Gupta and as we
Speaker 1: take a look at stocks as a whole ahead of
Speaker 1: the open geo politics the focus for investors on a
Speaker 1: broader level. Right now, S and P futures are down
Speaker 1: but a little change down almost three points now down
Speaker 1: futures down thirty one points. NASTAC futures actuating between games
Speaker 1: and losses. Right now, the tenure treasury is up three
Speaker 1: thirty seconds now with the yield two point zero three
Speaker 1: percent in the yield on the two year right now
Speaker 1: just chy at one point five six. Get the very
Speaker 1: latest developments on the Ukraine situation and more from the
Speaker 1: nation's capital with Bloomberg government reporter Emily Wilkins joining us next.
Speaker 1: This is Bloomberg Bloomberg eleven three oh Weather. Clouds increasing
Speaker 1: today with highs in the upper forties. Late day showers
Speaker 1: possible tomorrow after fifties early highs in the mid fifties Friday,
Speaker 1: with temperatures falling through the day. Thirty is our current
Speaker 1: temperature in Central Park. Markets. Headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business App, and at Bloomberg Quicktake. This is a Bloomberg
Speaker 1: Business last and I'm part Moscow. And futures are a
Speaker 1: little changed to lower this morning. Let's go to the
Speaker 1: first word breaking news. Das for today's morning call, here's
Speaker 1: Bill Maloney, Bill, good morning, Hey, good morning, Cannon. That's right.
Speaker 1: U s features are quiet right now with doubt. Futures
Speaker 1: down thirty five points. Subs dropped three and a half
Speaker 1: we than as Dick. Features are lower by just a point.
Speaker 1: The US ten year old at two point oh four percent.
Speaker 1: Gold and oil are both little changed. Bitcoin is trading
Speaker 1: higher by point four percent. Japan rose two point two
Speaker 1: percent overnight, while up markets are also quiet this morning.
Speaker 1: And back in the US on the economic frontday thirty
Speaker 1: retail sales and at two o'clock minutes from the f
Speaker 1: O m C. After belast night, Airbnb beat estimates by
Speaker 1: com CBS missed, and a deal news Sea World's bid
Speaker 1: proceedar Fair was rejected, rapping things up. Echo Lab was
Speaker 1: raised to neutral at JP. Morgan Selony's was cut to
Speaker 1: neutral over at Piper Live from the first Breaking News
Speaker 1: that's gone, Bill Maloney, Karen, all right, Phil, thank you
Speaker 1: and your live breaking news over your Bloomberg type squawk
Speaker 1: on your terminal s qu A w K and that's
Speaker 1: a Bloomberg business flash. Now here's John Tucker with more
Speaker 1: on what's going on around the world. John, Good morning, Karen.
Speaker 1: President Bend says it's still possible Russia will invade Ukraine
Speaker 1: because its troops remain in a threatening position. US regulators
Speaker 1: say they'll step up inspections of every Bowing seven eighty
Speaker 1: seven Dreamliner before delivery. Walt Disney dropping a masked man
Speaker 1: date for fully vaccinated guests to its theme parks. In
Speaker 1: the US sports, the Rangers beat the Bruins and the
Speaker 1: shootout Islanders defeat the Devil. Islanders and Devils both loose
Speaker 1: and the Capital's win and the Penguins Sydney Crosby scores
Speaker 1: is five NHL goal And in basketball, the Celtics beat
Speaker 1: the seventies six years by forty eight points. Global News
Speaker 1: twenty four hours a day on air in the Bloomberg
Speaker 1: quick tape powered by more than twenty seven hundred journalists
Speaker 1: and analysts in more than one hundred twenty countries. I'm
Speaker 1: John Tucker. This is Bloomberg. The following commentary is from
Speaker 1: Bloomberg Opinion. A deep dive into cryptos cure for the
Speaker 1: Texas Power Grid. I'm Liam Denning. A calmness for Bloomberg Opinion.
Speaker 1: A year ago, a sudden optic freeze out the Texas
Speaker 1: power grid. Now, bitcoin miners say they can help strengthen it.
Speaker 1: Mining cryptocurrency is energy intensive, which puts more pressure on
Speaker 1: power grids, but miners say they can turn their demand
Speaker 1: up and down quickly depending on the overall demand for
Speaker 1: and price of electricity. In theory, their extra power needs
Speaker 1: should encourage more generation to be built, and their flexibility
Speaker 1: should be valuable when disaster strikes. However, it is unclear
Speaker 1: as to whether any developer of say a new wind farm,
Speaker 1: would break ground on the premise of crypto mining raising
Speaker 1: power demand for the next twenty years. Above all, despite
Speaker 1: the hype, bitcoin shouldn't overshadow more straightforward fixes for Texas grid.
Speaker 1: I'm Liam Denning. For more opinion, please go to Bloomberg
Speaker 1: dot com. Slash Opinion or O P I n go
Speaker 1: on the Bloomberg terminal. This has been Bloomberg Opinion and
Speaker 1: Bloomberg Opinion commentaries can be heard every weekday at this time,
Speaker 1: and terminal customers can read more at O P I
Speaker 1: n go. It is six fifty on Wall Street. Returned
Speaker 1: to news in science and technology now with a Bloomberg
Speaker 1: and j I T. Stemmer report brought to you by
Speaker 1: New Jersey Institute of Technology, ranked a top fifty national
Speaker 1: public university by US News and World Report and a
Speaker 1: top fifty college for undergraduate entrepreneurship studies by the Princeton Review.
Speaker 1: Learn more at n j I T dot E d U.
Speaker 1: Here's just making news and science, Technology, engineering, and math.
Speaker 1: China's president Shei Jinping has ordered Hong Kong to get
Speaker 1: the city's coronavirus outbreak under control by all necessary means.
Speaker 1: That's an unusual intervention that could lead to stricter measures
Speaker 1: and possibly a broader lockdown. She's remarks came after Hong
Speaker 1: Kong Chief executive Carrie Lamb said the outbreak and overwhelmed
Speaker 1: the government. Alphabet's Wing Unit elevated its leading technology official
Speaker 1: to had the company as it seeks to rapidly expand
Speaker 1: its drone delivery operations. Adam Woodworth, who has spent his
Speaker 1: entire career designing new age aircraft, was named Wings Chief
Speaker 1: executive Officer. Wing has become what it calls the world's
Speaker 1: largest residential drone delivery service. In the first six weeks
Speaker 1: of this year, the company said it as performed twenty
Speaker 1: five thousand deliveries by drone. That's a tenfold increase over
Speaker 1: the same period last year. And then a Platform CEO
Speaker 1: Mark Zuckerberg calls the company's employees metamates and a new
Speaker 1: memo on corporate culture. The founder of Facebook changed the
Speaker 1: company's name in December to reflect a new found focused
Speaker 1: on the so called metaverse. And that's a Bloomberg n
Speaker 1: J I T Stem report. You have to learn a
Speaker 1: whole new language here. Nathan's gonna say, that's gonna take
Speaker 1: a little bit of getting used to. Thank you. Karen,
Speaker 1: six fifty one on Wall Street and we are live
Speaker 1: from the Bloomberg Interactive Broker's studios. Time now to check
Speaker 1: what's going on in DC. Some of the top stories
Speaker 1: there include President Biden warning the threat to Ukraine remains
Speaker 1: fed nominees in limbo on questions about Sarah Bloom Raskin
Speaker 1: and Democrats vowing to curb inflation. As Republicans say, I
Speaker 1: told you so, Let's bring in Bloomberg. Government reporter Emily
Speaker 1: Wilkins starting off with the latest on Ukraine. Emily, it
Speaker 1: does seem as though the president is in trust but
Speaker 1: verifying mode, and we continue to watch these headlines cross
Speaker 1: raising doubts about whether Russia is following through on its
Speaker 1: claims that it's pulling back from the Ukraine border. Yes,
Speaker 1: at this point, I mean, it doesn't seem like anyone
Speaker 1: else's verifying claims. Okay, are moving troops back that if
Speaker 1: our Arny troops that removed, they were troops that were
Speaker 1: not positioned close to the border. Um. And therefore there's
Speaker 1: still a lot of questions about whether that counts as
Speaker 1: a de escalation. UM. Still a lot of concerns. Obviously,
Speaker 1: Biden spoke to the American people on this yesterday, UM
Speaker 1: sort of really focusing on the fact that he does
Speaker 1: still feel like there is a diplomatic option, but also
Speaker 1: just kind of mentally beginning to prepare Americans for what
Speaker 1: it might mean if Russia does cross into Ukraine and
Speaker 1: there is a resulting war. You talk about energy prices,
Speaker 1: saying that you know that could wind up impacting gas prices,
Speaker 1: and that Americans could feel that he was very honest
Speaker 1: and open on that particular point. Um. He's also he
Speaker 1: and other people in his in station have also talked
Speaker 1: about cyber attacks on Ukraine that have hit Ukrainian things,
Speaker 1: the Defense Ministry, UM, other websites, UM, including some some
Speaker 1: big ones for Ukrainian people where they have a lot
Speaker 1: of sensitive information stored. And the US has offered to
Speaker 1: help Ukraine really investigate and respond to those cyber attacks.
Speaker 1: All right, well we which we will. We watch this
Speaker 1: standoff continue near the Ukraine border Emily. We're also watching
Speaker 1: a standoff on Capitol Hill over one of President Biden's
Speaker 1: Federal Reserve nominees and it's got pretty much all of
Speaker 1: his slave in limbo for now. Yeah. The their Democrats
Speaker 1: are planning to move all of Biden's five nominees together.
Speaker 1: The concerns that Republicans have over Sarah Bloom Raskin, and
Speaker 1: yesterday there was supposed to be this vote on this
Speaker 1: committee that would send these dominies to the House to
Speaker 1: the Senate floor. Or at least begin that process. The
Speaker 1: Republicans denied Democrats of quorum. None of them showed up
Speaker 1: than the top Republican on the panel, Senator pat to me,
Speaker 1: he said that he would continue to block a block
Speaker 1: these nominees until he gets more information about why Canada
Speaker 1: at the Kansas City said granted this a master account
Speaker 1: to an Ohio fintech company where Arraskin served as director.
Speaker 1: In our old concerns that Arraskin might have used behaved
Speaker 1: improperly or might use her FED position improperly to benefit
Speaker 1: companies that that she has a link to or that
Speaker 1: she believes in the mission. Raskin has denied this multiple times.
Speaker 1: The White House has said that they looked into the
Speaker 1: incident everything was above board. But Republicans are still having
Speaker 1: their concerns and they're showing their ability to use their
Speaker 1: muscles here and really delay not just Raskin, but bidens
Speaker 1: for other FED nominees, including Powell and meantime, Emily, we're
Speaker 1: seeing some moves from Democrats now to at least try
Speaker 1: to tackle inflation while these questions swirl around what the
Speaker 1: FED doing, and uh interesting to see the Republican reaction
Speaker 1: to some of what the Democrats are doing here. Yeah, Democrats,
Speaker 1: particularly Democrats based in the tough races. UM, they proposed
Speaker 1: legislation that was sent the federal eighteen cents per down
Speaker 1: gas tax until next year. UM. And Republicans have basically,
Speaker 1: you know, immediately shot that down. UM. They said it's
Speaker 1: a by Democrats seek political cover. Just the South Dakota
Speaker 1: Senator John Soon called it desperate cry for help. So
Speaker 1: it doesn't seem like that's necessarily something that's going to
Speaker 1: be done, although Schumer could try and push it through
Speaker 1: if they wind up getting uh A fifty votes. I mean,
Speaker 1: at this point, Democrats are kind of locked in on
Speaker 1: a number of things. They're still trying to figure out
Speaker 1: how to move forward with the Build Back Better package. UM.
Speaker 1: They're questioned about what the future of the U. S.
Speaker 1: China competition Village Senate and Hou. They're supposed to be
Speaker 1: negotiating on that, but we haven't heard a lot about
Speaker 1: the future of those formal negotiations. UH. And the Demo
Speaker 1: have to really the understand that inflation is going to
Speaker 1: be a big concern that it's going to it's a
Speaker 1: huge liability for them as they go into the midterms.
Speaker 1: That's something Republicans are really going to capitalize on, and
Speaker 1: so they are looking for solutions like the suspension of
Speaker 1: the gas tax that they could they would give Americans
Speaker 1: a little bit of uh ease and relaxation on prices.
Speaker 1: All right, Bloomberg Government reporter Emily Wilkins, As always, thanks
Speaker 1: for the update, and you can read more about all
Speaker 1: these stories of Bloomberg dot Com or on the Bloomberg terminal.
Speaker 1: Listen to Bloomberg Radio in Washington Bloomberg one and one
Speaker 1: oh five point seven FM h D two Karen Nathan
Speaker 1: It at six fifty six on Wall Street. This is
Speaker 1: Bloomberg Day Break. February is Black History Month, and every
Speaker 1: day this month were celebrating significant moments in US black history.
Speaker 1: Now with your installment for February sixteenth, here's Bloomberg's ny
Speaker 1: to go on this day in Black History. In nineteen
Speaker 1: fifty one, the New York City Council passes a bill
Speaker 1: prohibiting discrimination against African Americans and city assisted housing. The
Speaker 1: bill was main we directed at the Stuyvesant Town Housing project.
Speaker 1: At the time of public private partnership. Project managers of
Speaker 1: that development prohibited black tenants who had been active in
Speaker 1: the campaign to stop racial discrimination. Lawsuits were filed claiming
Speaker 1: that the project was public horse semi public, and thus
Speaker 1: violated anti discrimination laws from New York City public housing,
Speaker 1: which were rarely enforced. One month later, the Brown Isaacs
Speaker 1: Bill became law in New York City. That's today in
Speaker 1: Black History. I'm ny to young Bloomberg Radio, all right,
Speaker 1: rany to thank you and SMP futures are little change
Speaker 1: this morning, So are NASDAG. Future is down, Future is
Speaker 1: Down thirty five Bloomberg Surveillance is Straight Ahead with Tom Keene,
Speaker 1: Jonathan Farrell and Lisa Abramos for Nathan Hagar, I'm Para
Speaker 1: and Moscow. This is Bloomberg.