1 00:00:01,360 --> 00:00:04,080 Speaker 1: Live from the Bloomberg in Director Burger Studios. This is 2 00:00:04,120 --> 00:00:08,760 Speaker 1: Bloomberg day Break for Wednesday, February two. Coming up this hour, 3 00:00:08,960 --> 00:00:12,360 Speaker 1: President Biden's first round of Russia sanctions hits the markets 4 00:00:12,440 --> 00:00:15,720 Speaker 1: with a whimper. SMP future Stage a comeback after falling 5 00:00:15,760 --> 00:00:19,479 Speaker 1: into correction Territory, a shift in the pandemic. Apple drops 6 00:00:19,480 --> 00:00:23,120 Speaker 1: its mass requirement at most retail stores, and Barklays posts 7 00:00:23,120 --> 00:00:26,279 Speaker 1: its highest annual profit on record. New York State is 8 00:00:26,280 --> 00:00:29,400 Speaker 1: an investing sixty million dollars to beep up cyber security, 9 00:00:29,480 --> 00:00:32,479 Speaker 1: plus National Guard troops head to Washington, d C. For 10 00:00:32,520 --> 00:00:36,560 Speaker 1: possible trucktor protests. I like more than I'm John stash 11 00:00:36,560 --> 00:00:38,800 Speaker 1: Our and sports. The Yankees announced they will honor one 12 00:00:38,800 --> 00:00:41,239 Speaker 1: of their former great players, the Islanders, with a win 13 00:00:41,440 --> 00:00:46,800 Speaker 1: in Seattle. That's all straight ahead on Bloomberg day Break 14 00:00:47,040 --> 00:00:52,880 Speaker 1: on Bloomberg ELEMENTARYO, New York, Bloomberg, Washington, d C, Bloomberg 15 00:00:52,880 --> 00:00:56,640 Speaker 1: one oh six one, Boston, Bloomberg nine sixty, San Francisco, 16 00:00:57,000 --> 00:01:00,200 Speaker 1: Sirius x M one nineteen and around the world Old 17 00:01:00,240 --> 00:01:03,960 Speaker 1: on Bloomberg Radio dot Com and via The Bloomberg Business. 18 00:01:07,400 --> 00:01:10,320 Speaker 1: Good morning, I'm Nathan Hager. And I'm Karen. Moscow and 19 00:01:10,480 --> 00:01:13,120 Speaker 1: US futures are bouncing back this morning. We're coming up 20 00:01:13,160 --> 00:01:14,840 Speaker 1: to six oh one on Wall Street, and we check 21 00:01:14,840 --> 00:01:17,920 Speaker 1: the markets every fifteen minutes throughout the trading day. On Bloomberg. 22 00:01:18,040 --> 00:01:20,760 Speaker 1: Right now, S ANDP futures are up thirty points at 23 00:01:20,760 --> 00:01:23,720 Speaker 1: DOWN futures up two hundred four NAS day futures have 24 00:01:23,959 --> 00:01:27,679 Speaker 1: one hundred thirty five, or about one percent. The dads 25 00:01:27,720 --> 00:01:29,959 Speaker 1: in Germany's of nine tenths of upper cent. The ten 26 00:01:30,040 --> 00:01:33,000 Speaker 1: year treasury down seven thirty seconds. They yield one point 27 00:01:33,080 --> 00:01:35,240 Speaker 1: nine six percent. They yield on the two year one 28 00:01:35,280 --> 00:01:38,280 Speaker 1: point five nine percent nine Next. Screwed oil is down 29 00:01:38,319 --> 00:01:40,720 Speaker 1: seven tenths percent or sixty six cents, and ninety one 30 00:01:40,760 --> 00:01:43,479 Speaker 1: dollar twenty five cents of barrel comic school down six 31 00:01:43,560 --> 00:01:46,080 Speaker 1: tents percent or ten dollars eighty cents at eighteen ninety 32 00:01:46,120 --> 00:01:49,080 Speaker 1: six sixty announced in the euro one point one three 33 00:01:49,400 --> 00:01:51,720 Speaker 1: eight against the dollar. Nathan Well, Karen, we begin this 34 00:01:51,760 --> 00:01:54,240 Speaker 1: morning with the latest developments out of Ukraine. The country 35 00:01:54,280 --> 00:01:57,720 Speaker 1: plans to declare a nationwide state of emergency as tensions 36 00:01:57,720 --> 00:02:01,640 Speaker 1: with Russia mount. President Biden has unveiled sanctions against Moscow 37 00:02:01,680 --> 00:02:04,280 Speaker 1: as Secretary of State Anthony B. Lincoln calls off a 38 00:02:04,320 --> 00:02:07,280 Speaker 1: meeting with Russia's foreign minister. Amy Morris has more from 39 00:02:07,320 --> 00:02:11,640 Speaker 1: our bloombergs room in Washington. The latest sanctions target Russia's 40 00:02:11,639 --> 00:02:14,240 Speaker 1: sale of sovereign debt abroad and the country's elites in 41 00:02:14,320 --> 00:02:17,280 Speaker 1: response to what Biden calls the start of Putin's invasion 42 00:02:17,280 --> 00:02:21,760 Speaker 1: of Ukraine. We have no intention of fighting Russia. We 43 00:02:21,800 --> 00:02:25,200 Speaker 1: want to send an unmistakable message though at the United States, 44 00:02:25,200 --> 00:02:29,440 Speaker 1: together with our allies, will defend every inch of NATO territory. 45 00:02:29,800 --> 00:02:32,160 Speaker 1: This as Secretary B. Lincoln says, his meeting with Serage 46 00:02:32,280 --> 00:02:35,480 Speaker 1: Lavrov is canceled because, in his words, doesn't make sense 47 00:02:35,520 --> 00:02:38,560 Speaker 1: to go forward at this time. Ukraine's foreign minister says 48 00:02:38,600 --> 00:02:41,680 Speaker 1: their plan is to use every diplomatic tool possible to 49 00:02:41,800 --> 00:02:46,600 Speaker 1: deter Russia and prevent further escalation. Their plan, b he says, 50 00:02:47,080 --> 00:02:51,320 Speaker 1: is to fight in Washington. I'm Aymy Morris Bloomberg Daybreak, Amy, 51 00:02:51,360 --> 00:02:54,360 Speaker 1: thank you reaction pouring in over the conflict with Russia. 52 00:02:54,440 --> 00:02:57,360 Speaker 1: We spoke with former US Ambassador to Poland, Stephen mull. 53 00:02:57,560 --> 00:03:00,240 Speaker 1: He says his first round of sanctions might not be 54 00:03:00,440 --> 00:03:03,120 Speaker 1: enough to deter a further invasion. I think we're going 55 00:03:03,200 --> 00:03:06,080 Speaker 1: to be looking at over the next days and weeks 56 00:03:06,600 --> 00:03:09,880 Speaker 1: an incremental move by by Russia to see how far 57 00:03:10,080 --> 00:03:13,280 Speaker 1: if you can get and meeting the objective that Brutin 58 00:03:13,400 --> 00:03:15,880 Speaker 1: is laid out. I don't know that there's any section 59 00:03:16,360 --> 00:03:20,840 Speaker 1: that the US could impose that would would stop them 60 00:03:20,840 --> 00:03:23,440 Speaker 1: from going all the way through with what Brutin is 61 00:03:23,520 --> 00:03:26,720 Speaker 1: clearly set. Former US Ambassador Stephen Malls spoke with our 62 00:03:26,760 --> 00:03:30,239 Speaker 1: Washington correspondent Joe Matthew on Bloomberg Sound on Catch the 63 00:03:30,240 --> 00:03:33,760 Speaker 1: program weekdays at five pm Eastern on Bloomberg Radio. Well, Karen, 64 00:03:33,800 --> 00:03:35,960 Speaker 1: all these developments have the S and P five hundreds 65 00:03:35,960 --> 00:03:39,000 Speaker 1: starting the day in Correction Territory. The index is down 66 00:03:39,040 --> 00:03:42,160 Speaker 1: more than ten percent from its January record. Walter Todd 67 00:03:42,240 --> 00:03:45,000 Speaker 1: is chief investment officer at Greenwood Capital. I think it's 68 00:03:45,000 --> 00:03:47,400 Speaker 1: important in times like these for us to just to 69 00:03:47,480 --> 00:03:49,440 Speaker 1: kind of you try to step back and look at 70 00:03:49,600 --> 00:03:51,760 Speaker 1: you know, try to maybe dig in on some individual 71 00:03:52,440 --> 00:03:55,120 Speaker 1: names and you know, earning stories that we're still getting 72 00:03:55,240 --> 00:03:57,920 Speaker 1: despite all these headlines kind of whipping things around, and 73 00:03:57,960 --> 00:04:00,240 Speaker 1: I think, you know, it can present opportunity is for 74 00:04:00,280 --> 00:04:03,080 Speaker 1: companies maybe that have just reported that maybe don't have 75 00:04:03,120 --> 00:04:06,280 Speaker 1: it that much exposure to this situation directly that you 76 00:04:06,320 --> 00:04:08,920 Speaker 1: are getting caught up in this this macro train. Walter 77 00:04:09,080 --> 00:04:11,440 Speaker 1: Todd at Greenwood Capital says the market is still watching 78 00:04:11,480 --> 00:04:13,960 Speaker 1: the Fed. He expects the Central Bank to gradually raise 79 00:04:14,080 --> 00:04:15,880 Speaker 1: rates and then pick up the pace of tightening in 80 00:04:15,920 --> 00:04:18,280 Speaker 1: the second half of the year. Well, Nathan, there's still 81 00:04:18,279 --> 00:04:20,839 Speaker 1: a smattering of earnings to talk about this morning. After 82 00:04:20,839 --> 00:04:23,360 Speaker 1: results from Home Depot yesterday, we get numbers from Home 83 00:04:23,360 --> 00:04:25,760 Speaker 1: and probit, a retailer Lows. We get a preview from 84 00:04:25,800 --> 00:04:29,160 Speaker 1: Bloomberg's Tom Busby. Lots of caution ahead of lows fourth 85 00:04:29,200 --> 00:04:32,279 Speaker 1: quarter earnings on worries that revenues at the nation's number 86 00:04:32,320 --> 00:04:34,839 Speaker 1: two do it yourself chain may be infacted by the 87 00:04:34,880 --> 00:04:38,159 Speaker 1: same higher costs and supply chain problems that weighed on 88 00:04:38,200 --> 00:04:42,159 Speaker 1: Home Depot's results. One key for investors is whether Lowe's 89 00:04:42,320 --> 00:04:44,920 Speaker 1: changes the initial upbeat out look it gave them back 90 00:04:44,960 --> 00:04:48,279 Speaker 1: in December. Bloomberg consensus calls for adjusted earnings per share 91 00:04:48,320 --> 00:04:51,320 Speaker 1: of a dollar seventy, revenues of twenty point eight nine 92 00:04:51,360 --> 00:04:54,840 Speaker 1: billion dollars, and same source sales up about two point two. 93 00:04:55,560 --> 00:04:58,520 Speaker 1: Tom Busby Bloomberg daybreak. All right, Tom, thank you and 94 00:04:58,520 --> 00:05:01,560 Speaker 1: those those earnings just crossing the Bloomberg fourth quarter profit 95 00:05:01,680 --> 00:05:05,240 Speaker 1: and sales easily bidding analysts estimates. It also boosted its 96 00:05:05,240 --> 00:05:08,000 Speaker 1: forecast well In Europe this morning, carrying shares of Barkley's 97 00:05:08,000 --> 00:05:09,920 Speaker 1: are up two and a half percent. The British bank 98 00:05:09,960 --> 00:05:13,160 Speaker 1: posted its highest annual profit on record. Barkley's dealmakers had 99 00:05:13,200 --> 00:05:14,760 Speaker 1: a busy end of the year, helping to offset a 100 00:05:14,800 --> 00:05:18,120 Speaker 1: slump and trading activity while turning to the pandemic. Now, Gathan, 101 00:05:18,160 --> 00:05:20,679 Speaker 1: we're seeing a shift in retails approach to COVID, Apple 102 00:05:20,760 --> 00:05:23,359 Speaker 1: dropping its master requirement at most stores across the US. 103 00:05:23,440 --> 00:05:26,440 Speaker 1: We get the story from Bloomberg's Turley Pellett. The company 104 00:05:26,440 --> 00:05:30,200 Speaker 1: announced the changes to employees at eligible stores and has 105 00:05:30,320 --> 00:05:34,360 Speaker 1: updated its website to reflect which locations aren't no longer 106 00:05:34,520 --> 00:05:39,320 Speaker 1: requiring masks. Apple, however, will continue to recommend that customers 107 00:05:39,360 --> 00:05:43,800 Speaker 1: wear masks and will provide them upon request, employees, say 108 00:05:43,839 --> 00:05:47,360 Speaker 1: Apple retail workers will still be required to wear masks. 109 00:05:47,720 --> 00:05:51,240 Speaker 1: Apple locations in New York have made masks optional for 110 00:05:51,320 --> 00:05:55,560 Speaker 1: customers who are fully vaccinated. The Iphonemaker also is ramping 111 00:05:55,640 --> 00:05:59,599 Speaker 1: up for the return of in store classes in New York. 112 00:06:00,040 --> 00:06:03,200 Speaker 1: Arlie pellin Bloomberg Daybreak, All right, Charlie, thanks. Different story 113 00:06:03,240 --> 00:06:05,600 Speaker 1: in Asia when it comes to the pandemic. Infections are 114 00:06:05,600 --> 00:06:07,919 Speaker 1: still rising in Hong Kong and that has the city 115 00:06:07,960 --> 00:06:11,440 Speaker 1: expanding fiscal stimulus measures. We get more from Bloomberg Daybreak 116 00:06:11,440 --> 00:06:14,640 Speaker 1: Asia anchor Brian Curtis. In the annual Hong Kong budget, 117 00:06:14,720 --> 00:06:17,680 Speaker 1: Financial Secretary Paul Chan said Hong Kong would offer thirteen 118 00:06:17,760 --> 00:06:21,520 Speaker 1: hundred dollar payments to residents. The economy expanded six point 119 00:06:21,560 --> 00:06:25,479 Speaker 1: four percent in twenty one, but he forecast that two 120 00:06:25,600 --> 00:06:27,680 Speaker 1: g d P would fall to a range of two 121 00:06:27,720 --> 00:06:29,880 Speaker 1: to three and a half percent. In the meantime, the 122 00:06:29,880 --> 00:06:33,159 Speaker 1: government has rolled out more details on mass testing residents 123 00:06:33,240 --> 00:06:36,440 Speaker 1: some three times over the next month, and the leading lawmaker, 124 00:06:36,480 --> 00:06:39,320 Speaker 1: Michael Teen says that Hong Kong should impose a strict 125 00:06:39,440 --> 00:06:42,719 Speaker 1: citywide lockdown for nine days to reign in the outbreak. 126 00:06:43,160 --> 00:06:45,839 Speaker 1: Teen says a lockdown would be preferable to stringing along 127 00:06:45,920 --> 00:06:51,520 Speaker 1: drastic social distancing restrictions, restrictions that he says are strangling business. 128 00:06:51,560 --> 00:06:54,440 Speaker 1: Brian Curtis Bloomberg Debreak. A right, Brian, thank you and 129 00:06:54,480 --> 00:06:57,320 Speaker 1: one other note out of Asia this morning, HSBC City 130 00:06:57,320 --> 00:06:59,480 Speaker 1: Group and Banga China. I'll say they will close only 131 00:06:59,520 --> 00:07:03,040 Speaker 1: their retail branches in Hong Kong temporarily on Saturday's beginning 132 00:07:03,040 --> 00:07:05,280 Speaker 1: in March. The move comes as Hong Kong's scrambles to 133 00:07:05,279 --> 00:07:09,520 Speaker 1: contain its worst COVID outbreak yet. Futures this morning are higher. 134 00:07:09,600 --> 00:07:13,040 Speaker 1: SNP futures up thirty two points and as straight ahead, 135 00:07:13,120 --> 00:07:17,000 Speaker 1: we check your local headlines as well as sports, and 136 00:07:17,280 --> 00:07:24,880 Speaker 1: this is Bloomberg. Thanks Karen. Six oh seven on Wall Street, 137 00:07:24,880 --> 00:07:26,840 Speaker 1: fifty nine degrees in Central Park. We have a crash 138 00:07:26,880 --> 00:07:29,960 Speaker 1: in New York. It's on eastbound Exit fifty seven. Details 139 00:07:29,960 --> 00:07:32,200 Speaker 1: coming up in traffic First. Michael bar with more on 140 00:07:32,240 --> 00:07:34,120 Speaker 1: what's going on in New York and around the world. Michael, 141 00:07:34,160 --> 00:07:36,680 Speaker 1: thank you very much, Nathan. Intensions between Russia and the 142 00:07:36,680 --> 00:07:40,480 Speaker 1: West have led New York State to tackle cyber security. 143 00:07:40,520 --> 00:07:44,400 Speaker 1: Governor Kathy Hokel says the Joint Security Operations Center will 144 00:07:44,400 --> 00:07:47,320 Speaker 1: open in Brooklyn to help combat cyber attacks in the state. 145 00:07:47,840 --> 00:07:50,480 Speaker 1: Vocal said the state would set aside almost sixty two 146 00:07:50,480 --> 00:07:54,840 Speaker 1: million dollars in the three state budget for stronger cyber 147 00:07:54,880 --> 00:07:57,880 Speaker 1: security measures. We truly live in a digital world. You 148 00:07:57,920 --> 00:08:01,400 Speaker 1: think about all your transactions, how you access money, how 149 00:08:01,480 --> 00:08:04,520 Speaker 1: you pay your bills, how you make purchases and medical records. 150 00:08:04,800 --> 00:08:09,120 Speaker 1: Even our power grids, NIPEU, our transportation systems, the m 151 00:08:09,200 --> 00:08:14,080 Speaker 1: t A UH, they're all vulnerable to cyber attack if 152 00:08:14,120 --> 00:08:18,640 Speaker 1: we don't take precautionary measures. Governor Huckle was joined by 153 00:08:18,680 --> 00:08:22,120 Speaker 1: several mayors who announced the Joint Security Operations Center, which 154 00:08:22,160 --> 00:08:23,960 Speaker 1: will be the first of its kind in the nation, 155 00:08:24,280 --> 00:08:27,960 Speaker 1: including New York Mayor Eric Adams No forgusing down in 156 00:08:28,040 --> 00:08:33,120 Speaker 1: Gracie Mansion speaking with the former mayor talking about the 157 00:08:33,160 --> 00:08:37,480 Speaker 1: pandemic and other issues that we're facing the city, and 158 00:08:37,520 --> 00:08:42,880 Speaker 1: he was clear, this is Eric, your real crises is 159 00:08:42,920 --> 00:08:45,920 Speaker 1: going to be cybersecurity. Mayor Adams went on to say 160 00:08:45,960 --> 00:08:49,480 Speaker 1: the difference between a minor cyber attack disruption and a 161 00:08:49,520 --> 00:08:53,200 Speaker 1: catastrophe can be a matter of minutes. New York City 162 00:08:53,240 --> 00:08:56,040 Speaker 1: began it's pushed to remove subway riders using the transit 163 00:08:56,080 --> 00:08:58,920 Speaker 1: system for shelter. It's part of a strategy to reduce 164 00:08:59,040 --> 00:09:02,760 Speaker 1: crime and restore confidence in subways in mp D, Transit 165 00:09:02,800 --> 00:09:06,280 Speaker 1: Chief Jason Wilcox said during mt A committee hearings yesterday. 166 00:09:06,559 --> 00:09:10,680 Speaker 1: The Departments of Homeless Services and of Health and Mental 167 00:09:10,760 --> 00:09:14,280 Speaker 1: Hygiene have gone out to talk with writers who lack 168 00:09:14,360 --> 00:09:18,360 Speaker 1: housing and help them find shelter. Former President Trump has 169 00:09:18,440 --> 00:09:21,199 Speaker 1: run out of appeals to keep the January six Committee 170 00:09:21,280 --> 00:09:24,440 Speaker 1: from seeing his White House records. The Supreme Court denied 171 00:09:24,440 --> 00:09:28,280 Speaker 1: Trump's attempt to shield several hundred pages of records last month. 172 00:09:28,280 --> 00:09:32,160 Speaker 1: The justices voted eight one to deny Trump's temporary emergency 173 00:09:32,160 --> 00:09:35,959 Speaker 1: request to delay turning over those papers. New York is 174 00:09:36,000 --> 00:09:38,840 Speaker 1: faving the way for hemp farmers to get a head 175 00:09:38,880 --> 00:09:42,240 Speaker 1: start on growing marijuana for legal sales that are expected 176 00:09:42,240 --> 00:09:45,760 Speaker 1: to begin next year. Governor Kathy Hocal signed legislation that 177 00:09:45,840 --> 00:09:49,360 Speaker 1: lets hemp farmers apply for two year licenses to grow pot. 178 00:09:49,760 --> 00:09:53,079 Speaker 1: Licensees can start planning this spring. Global News twenty four 179 00:09:53,080 --> 00:09:55,680 Speaker 1: hours a day on air and on Bloomberg Quicktake Power 180 00:09:55,760 --> 00:09:58,959 Speaker 1: by more than undred journalists and analysts more than a hundred, 181 00:09:58,960 --> 00:10:01,880 Speaker 1: twenty countries. Um che labar, this is Bloomberg, Nathan, Thank you, 182 00:10:01,960 --> 00:10:08,559 Speaker 1: Michael Fall six ten on Wall Street Time for the 183 00:10:08,559 --> 00:10:12,040 Speaker 1: Bloomberg Sports Dingy with John Stashower Bath in the Nree 184 00:10:12,200 --> 00:10:15,600 Speaker 1: The Yankees traded Roberto Kelly, the Cincinnati for Paul O'Neill 185 00:10:15,800 --> 00:10:18,560 Speaker 1: swap about fielders to not to be a great Yankee trade. 186 00:10:18,559 --> 00:10:22,680 Speaker 1: O'Neil a mainstand four World Championship teams since retirement many 187 00:10:22,720 --> 00:10:25,040 Speaker 1: years in the Yankee broadcast booth, the team announced on 188 00:10:25,080 --> 00:10:28,920 Speaker 1: August twenty one, number twenty one, we'll have his number retired. 189 00:10:28,920 --> 00:10:31,560 Speaker 1: O'Neil called with his greatest honor. Meanwhile, if and when 190 00:10:31,559 --> 00:10:33,839 Speaker 1: the lockout ends, Yankees might be in pursuit of a 191 00:10:33,880 --> 00:10:36,920 Speaker 1: big free agent. ESPN reports there's growing belief that Freddie 192 00:10:36,920 --> 00:10:39,640 Speaker 1: Freeman is not going to resigned with Atlanta and the 193 00:10:39,720 --> 00:10:42,680 Speaker 1: Yanks are in pursuit Bryan Flora Zoo and his racial 194 00:10:42,720 --> 00:10:45,760 Speaker 1: discrimination lawsuit. A led that while coaching the Dolphins, owner 195 00:10:45,800 --> 00:10:48,360 Speaker 1: Stephen Ross offered him bonus money for each game the 196 00:10:48,400 --> 00:10:52,559 Speaker 1: team lost. Now has made another allegation on HBO's Real Sports. 197 00:10:52,559 --> 00:10:55,240 Speaker 1: Flora said that after he got fired in Miami, they 198 00:10:55,280 --> 00:10:58,720 Speaker 1: offered him millions to sign a non disparagement agreement and 199 00:10:58,760 --> 00:11:01,880 Speaker 1: he refused. For recently got a job as an assistant 200 00:11:01,880 --> 00:11:04,600 Speaker 1: in Pittsburgh. It's twenty four million dollars settlement in the 201 00:11:04,760 --> 00:11:08,160 Speaker 1: gender discrimination lawsuit brought by the US women's national soccer 202 00:11:08,240 --> 00:11:14,080 Speaker 1: team for plaintiffs, including Carley Leowyd. And you know, just 203 00:11:14,880 --> 00:11:18,640 Speaker 1: like all the players prior to me, the pioneers who 204 00:11:18,720 --> 00:11:22,200 Speaker 1: helped make things better for when I came into the game, 205 00:11:22,760 --> 00:11:25,760 Speaker 1: we're doing the same and just really proud of the group. 206 00:11:25,840 --> 00:11:28,640 Speaker 1: I mean, we've started this journey six seven years ago 207 00:11:28,800 --> 00:11:31,520 Speaker 1: and it's been going forward. The women will now get 208 00:11:31,559 --> 00:11:33,920 Speaker 1: the equal phase the men. The Islanders began the season 209 00:11:33,920 --> 00:11:36,360 Speaker 1: with thirteen road games, back on the road for five. 210 00:11:36,480 --> 00:11:39,599 Speaker 1: First off Seattle, Zacaris scored twice, Iles won five to 211 00:11:40,040 --> 00:11:42,400 Speaker 1: You're gone basketball having its best scenes in a while 212 00:11:42,400 --> 00:11:46,000 Speaker 1: at two point big East room, John stash Award Bloombird 213 00:11:46,040 --> 00:11:49,040 Speaker 1: spots All right, John, thanks right now. SMP futures are 214 00:11:49,080 --> 00:11:51,480 Speaker 1: up thirty one points. Sound futures of two HUD fourteen. 215 00:11:51,559 --> 00:11:54,720 Speaker 1: Nasdaq futures are higher by a hundred forty points after 216 00:11:54,720 --> 00:11:58,280 Speaker 1: the SMP five hundred ended yesterday in a correction following 217 00:11:58,320 --> 00:12:01,400 Speaker 1: President Biden sanctions announced spent. We'll get the latest on 218 00:12:01,559 --> 00:12:04,480 Speaker 1: Ukraine with Isaac Boltanski bt I G. Next. This is 219 00:12:04,520 --> 00:12:09,959 Speaker 1: Bloomberg Bloomber eleven three oh weather sunny, breezy, mid sixties 220 00:12:09,960 --> 00:12:13,200 Speaker 1: today up for thirties tomorrow with a wintry mess possible 221 00:12:13,240 --> 00:12:15,920 Speaker 1: tomorrow night rain Friday with highs and the low forties. 222 00:12:16,280 --> 00:12:23,160 Speaker 1: Right now fifty nine degrees in Central Park. Markets. Headlines 223 00:12:23,200 --> 00:12:26,199 Speaker 1: and breaking news twenty four hours a day at Bloomberg 224 00:12:26,280 --> 00:12:29,640 Speaker 1: dot Com, The Bloomberg Business at Land at Bloomberg Quick Tape, 225 00:12:30,200 --> 00:12:39,840 Speaker 1: He's a Bloomberg Business Flash and I'm Karen Moscow. European 226 00:12:39,920 --> 00:12:43,160 Speaker 1: equities are rising along with US stock index futures on 227 00:12:43,240 --> 00:12:46,840 Speaker 1: this Wednesday morning as investors assess some limited initial Western 228 00:12:46,920 --> 00:12:50,120 Speaker 1: sanctions against Russia. How made the Ukraine standoff? We check 229 00:12:50,160 --> 00:12:53,520 Speaker 1: the markets every fifteen minutes throughout the trading day on Bloomberg. 230 00:12:53,600 --> 00:12:56,959 Speaker 1: Right now, SNP futures are up twenty seven points. Now 231 00:12:57,120 --> 00:13:00,640 Speaker 1: futures have one eighty six and Nasdaq futures one hundred 232 00:13:00,679 --> 00:13:04,400 Speaker 1: and twenties six. The ten your treasury down nine thirty seconds, 233 00:13:04,440 --> 00:13:06,880 Speaker 1: the yield one nine seven percent. The yield on the 234 00:13:06,960 --> 00:13:11,000 Speaker 1: two year one point six zero percent. NIMEX screwed oil 235 00:13:11,240 --> 00:13:13,160 Speaker 1: is down about nine tenths of upper cent or eighty 236 00:13:13,240 --> 00:13:16,000 Speaker 1: cents at ninety one dollar twelve cents of barrel COMEXS 237 00:13:16,080 --> 00:13:18,360 Speaker 1: gold is down six tenths per cent or eleven dollars 238 00:13:18,360 --> 00:13:21,720 Speaker 1: ten cents at eighteen ninety six thirty announced. The euro 239 00:13:21,960 --> 00:13:24,080 Speaker 1: is at one point one three four six against the dollar, 240 00:13:24,160 --> 00:13:26,400 Speaker 1: British pound one point three six so four, the yen 241 00:13:26,440 --> 00:13:29,680 Speaker 1: at one fifteen point oh nine, and bitcoin at this 242 00:13:29,800 --> 00:13:33,120 Speaker 1: morning moving higher at thirty eight thousand, eight hundred forty 243 00:13:33,200 --> 00:13:37,320 Speaker 1: dollars and also lows as we said, reporting earnings fourth 244 00:13:37,400 --> 00:13:40,920 Speaker 1: quarter profit and comp sales beating analysts estimates as a 245 00:13:40,960 --> 00:13:43,439 Speaker 1: Bloomberg business flash. Now here's Michael Barrow with Moore on 246 00:13:43,520 --> 00:13:46,160 Speaker 1: what's going on around the world. Buckle, Karen, thank you 247 00:13:46,280 --> 00:13:49,719 Speaker 1: very much. Tensions over Russia and Ukraine continue. Ukraine will 248 00:13:49,760 --> 00:13:53,560 Speaker 1: seek to impose a nationwide state of emergency. It comes 249 00:13:53,600 --> 00:13:56,920 Speaker 1: after Russian lawmakers author eyes President Vladimir Putin to use 250 00:13:56,960 --> 00:14:01,120 Speaker 1: military force outside his country. Jury deliberations are set to 251 00:14:01,120 --> 00:14:03,679 Speaker 1: begin to day in the case against three former Minneapolis 252 00:14:03,760 --> 00:14:07,520 Speaker 1: police officers involved in George Floyd's death. They are charged 253 00:14:07,520 --> 00:14:11,120 Speaker 1: with depriving Floyd of civil rights by failing to administer 254 00:14:11,240 --> 00:14:14,360 Speaker 1: aid when officer Derek Schouwin pressed his knee into Floyd's 255 00:14:14,400 --> 00:14:16,920 Speaker 1: neck for more than nine minutes. In the NHL, the 256 00:14:16,960 --> 00:14:20,040 Speaker 1: Islanders won global news twenty four hours a day on 257 00:14:20,240 --> 00:14:23,720 Speaker 1: air and on Bloomberg Quittake, powered by more than twenty 258 00:14:23,800 --> 00:14:26,680 Speaker 1: seven under journalist and analysts more than a hundred twenty countries. 259 00:14:27,040 --> 00:14:29,880 Speaker 1: Michael bar This is Bloomberg. Nathan Okay, Michael. Thanks. At 260 00:14:29,920 --> 00:14:32,520 Speaker 1: six nineteen on Wall Street Live from the Bloomberg Interacted 261 00:14:32,520 --> 00:14:36,360 Speaker 1: Broker Studios. This is Bloomberg Daybreak and Isaac Boltanski is 262 00:14:36,360 --> 00:14:38,520 Speaker 1: with a structor of policy research at bt i G 263 00:14:38,680 --> 00:14:42,760 Speaker 1: as we continue to follow developments around Ukraine. Isaac, it's 264 00:14:42,760 --> 00:14:44,720 Speaker 1: good to have you with us this morning. I want 265 00:14:44,760 --> 00:14:47,800 Speaker 1: to get your reaction to the latest development we've seen 266 00:14:47,840 --> 00:14:52,280 Speaker 1: that Ukraine is planning to impose a thirty day nationwide 267 00:14:52,400 --> 00:14:55,400 Speaker 1: state of emergency. What if any impact could that have 268 00:14:55,600 --> 00:14:59,280 Speaker 1: on the tensions with Russia. I think that it tells 269 00:14:59,360 --> 00:15:01,680 Speaker 1: us that we are still in the early innings of 270 00:15:01,720 --> 00:15:04,840 Speaker 1: this story and that it's probably going to get worse 271 00:15:04,920 --> 00:15:07,600 Speaker 1: before there's any potential for it to get better. And 272 00:15:07,600 --> 00:15:11,240 Speaker 1: I think that's a fair assumption given where tensions are generally, 273 00:15:11,280 --> 00:15:14,200 Speaker 1: but as well as the fact that we're seeing pretty 274 00:15:14,240 --> 00:15:18,440 Speaker 1: coordinated sanction actions from the US and its allies, which 275 00:15:18,440 --> 00:15:20,800 Speaker 1: I think are going to be part of this story 276 00:15:20,880 --> 00:15:25,000 Speaker 1: going forward and lead to potentially anything from cyber attacks 277 00:15:25,040 --> 00:15:27,440 Speaker 1: to of course whatever Putin will do on the ground. 278 00:15:28,040 --> 00:15:30,880 Speaker 1: So you don't think that the sanctions as rolled out 279 00:15:31,160 --> 00:15:35,480 Speaker 1: so far from the US and Europe will have the 280 00:15:35,600 --> 00:15:39,560 Speaker 1: deterrent effect that the Allies and the US had been 281 00:15:39,560 --> 00:15:44,280 Speaker 1: telegraphing that they helped sanctions would have. Yeah. Look, I 282 00:15:44,280 --> 00:15:47,440 Speaker 1: don't think there's a detailed set of instructions for exactly 283 00:15:47,440 --> 00:15:50,160 Speaker 1: how to implement sanctions of this nature in the face 284 00:15:50,200 --> 00:15:52,400 Speaker 1: of what Russia is doing. But from my seat, the 285 00:15:52,440 --> 00:15:56,640 Speaker 1: White House prioritized coordination for this first tranch to show 286 00:15:56,840 --> 00:16:01,080 Speaker 1: united front rather than bringing down the proverbial hammer. You know, 287 00:16:01,120 --> 00:16:04,720 Speaker 1: the first trunch of of sanctions announced by the US 288 00:16:04,880 --> 00:16:07,920 Speaker 1: is meaningful, but we should really think about its being 289 00:16:07,960 --> 00:16:12,440 Speaker 1: preliminary rather than final. The US, and for that matter, 290 00:16:12,480 --> 00:16:14,760 Speaker 1: It's Allies, still have a fair amount of dry powder 291 00:16:14,840 --> 00:16:18,240 Speaker 1: left if this crisis escalates. And and that's one of 292 00:16:18,240 --> 00:16:20,720 Speaker 1: the questions that we're hearing here in d C, which 293 00:16:20,760 --> 00:16:23,880 Speaker 1: is what's next in terms of what can be done, 294 00:16:23,880 --> 00:16:28,000 Speaker 1: either administratively or legislatively. Now, based on what you are hearing, 295 00:16:28,040 --> 00:16:32,960 Speaker 1: what's the expectation, what is Washington bracing for in terms 296 00:16:33,000 --> 00:16:37,480 Speaker 1: of the next move from Russia. You know, I think everyone, 297 00:16:37,680 --> 00:16:39,960 Speaker 1: at least in my conversations will make the point that 298 00:16:40,000 --> 00:16:43,160 Speaker 1: no one knows what Vladimir Putin will do other than 299 00:16:43,240 --> 00:16:46,160 Speaker 1: Vladimir Putin. There is a belief that there will be 300 00:16:46,560 --> 00:16:51,080 Speaker 1: further escalation of tensions on the ground and more movement accordingly. 301 00:16:51,160 --> 00:16:54,680 Speaker 1: But from a DC perspective, I think that there is 302 00:16:54,800 --> 00:16:59,440 Speaker 1: ongoing groundwork being done for another round of administrative actions, 303 00:17:00,040 --> 00:17:01,640 Speaker 1: and we can talk about that to the degree that 304 00:17:01,680 --> 00:17:04,240 Speaker 1: you like. But I can also tell you that lawmakers 305 00:17:04,240 --> 00:17:06,000 Speaker 1: who are out of town this week are going to 306 00:17:06,119 --> 00:17:09,080 Speaker 1: come back next week ready to move on some of 307 00:17:09,119 --> 00:17:12,600 Speaker 1: the legislative options, especially with the state of the Union 308 00:17:12,600 --> 00:17:15,760 Speaker 1: in the background and President Biden likely to focus on 309 00:17:15,800 --> 00:17:18,320 Speaker 1: this issue to at least some degree. Do you think 310 00:17:18,359 --> 00:17:21,440 Speaker 1: there's a possibility that we could see more coordination, more 311 00:17:22,000 --> 00:17:26,280 Speaker 1: unanimity among members of Congress when it comes to sanctions 312 00:17:26,320 --> 00:17:28,680 Speaker 1: that could come from Capitol Hill. It seems like there 313 00:17:28,680 --> 00:17:31,040 Speaker 1: has been a lot of difficulty, at least up to now, 314 00:17:31,520 --> 00:17:38,320 Speaker 1: for lawmakers to agree on a sanctions package against Ladimir Putin. Yeah, 315 00:17:38,400 --> 00:17:40,680 Speaker 1: one of the leading senators on this said that we 316 00:17:40,680 --> 00:17:43,760 Speaker 1: were on the one yard line. I believe before they 317 00:17:43,840 --> 00:17:47,080 Speaker 1: left right near the goal line to getting a deal done. 318 00:17:47,080 --> 00:17:51,080 Speaker 1: But there were some real divisions over whether actions should 319 00:17:51,080 --> 00:17:54,160 Speaker 1: be taken preemptively or they should wait for Russia to move. 320 00:17:54,480 --> 00:17:57,440 Speaker 1: There are also some questions about whether some of the 321 00:17:57,520 --> 00:18:00,960 Speaker 1: steps would actually end up hurting our allies. Um For example, 322 00:18:01,000 --> 00:18:04,240 Speaker 1: if you get a change of swift financial clearing system, 323 00:18:04,280 --> 00:18:07,560 Speaker 1: it could actually imperil tens of billions of dollars of 324 00:18:07,600 --> 00:18:12,920 Speaker 1: payments from Russia to creditors like Austria, Austria, France and elsewhere. 325 00:18:13,440 --> 00:18:15,200 Speaker 1: You know. To me, I think that we should believe 326 00:18:15,240 --> 00:18:17,440 Speaker 1: that the next few weeks in Capitol Hill will be 327 00:18:17,480 --> 00:18:20,320 Speaker 1: focused on this issue, and that there is a clear 328 00:18:20,400 --> 00:18:26,359 Speaker 1: path to passage for bipartisan legislation that will provide additional 329 00:18:26,400 --> 00:18:31,199 Speaker 1: funding for pro Ukraine independence fighters and is going to 330 00:18:31,480 --> 00:18:37,600 Speaker 1: I think, take specific target on Russian oligarchs and they're holdings. 331 00:18:38,240 --> 00:18:40,280 Speaker 1: In our last thirty seconds here, Isaac, why do you 332 00:18:40,280 --> 00:18:43,120 Speaker 1: think President Biden has sort of held off on dropping 333 00:18:43,119 --> 00:18:47,760 Speaker 1: the hammer he telegraphed before this beginning of an invasion, 334 00:18:47,760 --> 00:18:50,960 Speaker 1: as he termed it that the US would bring down 335 00:18:51,240 --> 00:18:55,800 Speaker 1: severe economic penalties if Russia were to make a move 336 00:18:56,000 --> 00:18:59,000 Speaker 1: like this, and it seems as though, at least as 337 00:18:59,040 --> 00:19:01,639 Speaker 1: you've been saying as well, that the president's kind of 338 00:19:01,640 --> 00:19:04,680 Speaker 1: holding things uh a little bit close to his vest here. 339 00:19:06,440 --> 00:19:09,800 Speaker 1: My sense is that there was a decision within the 340 00:19:09,800 --> 00:19:14,800 Speaker 1: White House to prioritize coordination. And just yesterday we saw 341 00:19:14,840 --> 00:19:20,320 Speaker 1: the US ACT along with the European Union, the United Kingdom, Australia, Japan, 342 00:19:20,480 --> 00:19:25,280 Speaker 1: and most notably of course, Germany who froze the Nord 343 00:19:25,400 --> 00:19:28,000 Speaker 1: Stream to gas pipeline. And I think what the White 344 00:19:28,000 --> 00:19:29,720 Speaker 1: House wanted to do, and this is a message that 345 00:19:29,720 --> 00:19:32,439 Speaker 1: we've seen from them since you know, they were on 346 00:19:32,480 --> 00:19:37,080 Speaker 1: the campaign trail, is they want multilateral pressure to force 347 00:19:37,280 --> 00:19:41,359 Speaker 1: changes from from other countries. And so I really believe 348 00:19:41,440 --> 00:19:45,120 Speaker 1: that this president, in particular, given his background, wanted to 349 00:19:45,119 --> 00:19:48,240 Speaker 1: to advance the most unified front and the only way 350 00:19:48,280 --> 00:19:51,200 Speaker 1: to do that was to take these initial measured STAPs. 351 00:19:52,080 --> 00:19:55,000 Speaker 1: Where we go from there, yes we will. Thanks Isaac, 352 00:19:55,160 --> 00:19:58,159 Speaker 1: good having your insights this morning. Isaac Boltanski, director of 353 00:19:58,160 --> 00:20:02,320 Speaker 1: Policy research at b T i G. You're listening to 354 00:20:02,359 --> 00:20:09,520 Speaker 1: Bloomberg day Break Bloomberg eleven three oh weather, sunshine, breezy, 355 00:20:09,680 --> 00:20:13,640 Speaker 1: mid sixties today, upper thirties, tomorrow with a wintry mess 356 00:20:13,680 --> 00:20:16,400 Speaker 1: possible tomorrow night that will turn over into rain on Friday, 357 00:20:16,440 --> 00:20:18,400 Speaker 1: cold rage with hides in the low forties right now 358 00:20:18,440 --> 00:20:25,520 Speaker 1: fifty nine degrees. Broadcasting wide from the Bloomberg Interactive Broker 359 00:20:25,640 --> 00:20:29,040 Speaker 1: Studio in New York, Bloomberg E Living free to Washington, 360 00:20:29,119 --> 00:20:32,680 Speaker 1: d C, Bloomberg N one to Boston, Bloomberg one oh 361 00:20:32,760 --> 00:20:35,840 Speaker 1: six one to San Francisco, Bloomberg nine six to the 362 00:20:35,880 --> 00:20:39,359 Speaker 1: country Sirius xm Cho one nine and around the globe 363 00:20:39,440 --> 00:20:42,919 Speaker 1: the Bloomberg Business app in Bloomberg Radio dot com. This 364 00:20:43,359 --> 00:20:52,119 Speaker 1: is Bloomberg Daybreak six thirty on Wall Street. Good morning, 365 00:20:52,119 --> 00:20:55,320 Speaker 1: I'm Nathan Hager and I'm Karen Moscow or just about 366 00:20:55,320 --> 00:20:57,760 Speaker 1: three hours away from the open of US trading. It's 367 00:20:57,800 --> 00:21:00,119 Speaker 1: time for the five Things you need to Notice Are 368 00:21:00,200 --> 00:21:03,600 Speaker 1: your day brought to you by Interactive Brokers. Interactive Brokers 369 00:21:03,680 --> 00:21:07,080 Speaker 1: charges Martin loan rates from zero point seven five to 370 00:21:07,160 --> 00:21:09,960 Speaker 1: one point five eight percent, rates subject to change. Learn 371 00:21:10,000 --> 00:21:12,919 Speaker 1: more at ib k R dot com slash compare. We 372 00:21:13,000 --> 00:21:15,840 Speaker 1: begin with the latest developments on Ukraine. The country plans 373 00:21:15,880 --> 00:21:19,080 Speaker 1: to declare a nationwide state of emergency, has tensions with 374 00:21:19,160 --> 00:21:22,280 Speaker 1: Russia amount and President Biden says he is raising the 375 00:21:22,359 --> 00:21:25,000 Speaker 1: number of military forces in the region. They get the 376 00:21:25,080 --> 00:21:28,480 Speaker 1: very latest from Bloomberg, said Baxter. President Biden says he 377 00:21:28,520 --> 00:21:31,720 Speaker 1: has no plans to fight Russia militarily in Ukraine, but 378 00:21:31,800 --> 00:21:34,400 Speaker 1: the red line is at the boundaries of NATO countries. 379 00:21:34,480 --> 00:21:37,080 Speaker 1: I have authorized additional movements of U S forces and 380 00:21:37,119 --> 00:21:41,760 Speaker 1: equipment already stationed in Europe to strengthen our Baldic allies 381 00:21:42,000 --> 00:21:45,520 Speaker 1: Estonia and Latvia Lithuania. Meanwhile, the first sanctions White House 382 00:21:45,560 --> 00:21:48,120 Speaker 1: folks women John Saki says are just the first step 383 00:21:48,160 --> 00:21:52,280 Speaker 1: their design to have a squeezing impact over the course 384 00:21:52,280 --> 00:21:54,720 Speaker 1: of time. And we have many more escortory steps that 385 00:21:54,760 --> 00:21:56,960 Speaker 1: we could take. And they say no future talks with 386 00:21:57,080 --> 00:22:01,160 Speaker 1: Russia are planned. In San Francisco, I'm at extra Bloomberg daybreak, 387 00:22:01,240 --> 00:22:03,800 Speaker 1: all right, thanks President Biden's first round of sanctions on 388 00:22:03,880 --> 00:22:06,760 Speaker 1: Russia hit the markets with a whimper. Global stocks are 389 00:22:06,880 --> 00:22:10,040 Speaker 1: rising this morning after yesterday slump saw the SMP five 390 00:22:10,119 --> 00:22:13,400 Speaker 1: hundred clothes in correction Territory down ten percent from its 391 00:22:13,480 --> 00:22:16,560 Speaker 1: January highs. Still, the next round of sanctions could bite 392 00:22:16,560 --> 00:22:19,520 Speaker 1: a bit harder. That's according to Saxo Bank Chief Investment 393 00:22:19,520 --> 00:22:22,880 Speaker 1: Officer Stean Jacobson, the next step off from this will 394 00:22:22,920 --> 00:22:25,000 Speaker 1: be very serious in terms of the issues of that 395 00:22:25,480 --> 00:22:28,920 Speaker 1: and the connection inside to to Russia. As someone who 396 00:22:29,000 --> 00:22:32,360 Speaker 1: goes to Russia, I know the Russians of course live 397 00:22:32,440 --> 00:22:35,480 Speaker 1: with this, but I also know that the business people 398 00:22:35,520 --> 00:22:38,080 Speaker 1: that I know and talked to in Russia are certainly 399 00:22:38,119 --> 00:22:40,960 Speaker 1: impacted by this and field this is comes strain on 400 00:22:41,000 --> 00:22:43,640 Speaker 1: the way to do business, Stein Jacobson at Saxo Banks 401 00:22:43,680 --> 00:22:46,240 Speaker 1: as the Federal Reserve should still be the primary focus 402 00:22:46,240 --> 00:22:48,800 Speaker 1: for markets right now. Well on the earnings front, this morning, 403 00:22:48,880 --> 00:22:51,840 Speaker 1: Nathan shares a Barclays up almost three percent. The British 404 00:22:51,880 --> 00:22:55,200 Speaker 1: bank posted its highest annual profit on record. Apple shares 405 00:22:55,200 --> 00:22:57,480 Speaker 1: are up almost one percent in early trading. Karen, the 406 00:22:57,520 --> 00:23:00,119 Speaker 1: iPhone maker, has dropped its mask requirement for custom is 407 00:23:00,160 --> 00:23:03,159 Speaker 1: a most US retail stores that follows reduced COVID cases 408 00:23:03,200 --> 00:23:06,120 Speaker 1: and changes in local mandates, but Apple staff they'll still 409 00:23:06,160 --> 00:23:09,120 Speaker 1: have to wear masks well. Nathan in Hong Kong, HSBC 410 00:23:09,320 --> 00:23:12,040 Speaker 1: City Group in Banka, China say they will temporarily close 411 00:23:12,119 --> 00:23:14,800 Speaker 1: all of their retail branches on Saturday's beginning in March. 412 00:23:14,920 --> 00:23:17,560 Speaker 1: The move comes as Hong Kong scrambles to contain its 413 00:23:17,560 --> 00:23:20,439 Speaker 1: worst outbreak of COVID. And that's the five things you 414 00:23:20,480 --> 00:23:22,399 Speaker 1: need to know to start your day. Brought to you 415 00:23:22,480 --> 00:23:27,200 Speaker 1: by Interactive Brokers. Again, futures are on the rise this morning, 416 00:23:27,320 --> 00:23:30,840 Speaker 1: SMP futures up twenty seven points straight ahead, your latest 417 00:23:30,920 --> 00:23:33,919 Speaker 1: local headlines, plus a check of sports. And this is 418 00:23:33,960 --> 00:23:40,280 Speaker 1: Bloomberg all right, Karen, Thank you. Sixty three on Wall Street, 419 00:23:40,359 --> 00:23:43,040 Speaker 1: sixty degrees six zero in Central Park, starting to see 420 00:23:43,040 --> 00:23:45,400 Speaker 1: fifteen to twenty minute delays in the Lincoln and Holland tunnels. 421 00:23:45,440 --> 00:23:47,320 Speaker 1: Michael bars here with what else is going on in 422 00:23:47,400 --> 00:23:49,720 Speaker 1: New York and around the world. Good morning, Michael, Good 423 00:23:49,760 --> 00:23:52,600 Speaker 1: morning Nathan. New York Governor Kathy Oakle says the state 424 00:23:52,880 --> 00:23:55,480 Speaker 1: will set asign almost sixty two million dollars in the 425 00:23:56,440 --> 00:24:00,360 Speaker 1: budget for a joint security Operations center to help bad 426 00:24:00,400 --> 00:24:04,359 Speaker 1: cyber attacks in the state. We can no longer act independently, 427 00:24:04,440 --> 00:24:07,439 Speaker 1: and that has been the case where the State of 428 00:24:07,440 --> 00:24:10,000 Speaker 1: New York has its plan, City of New York has 429 00:24:10,000 --> 00:24:13,480 Speaker 1: a plan. Our mayors are local governments throughout the State 430 00:24:13,520 --> 00:24:16,680 Speaker 1: of New York, and that is not sustainable in light 431 00:24:16,720 --> 00:24:19,840 Speaker 1: of the threats that we're seeing. Governor Hocle says, the 432 00:24:19,880 --> 00:24:23,160 Speaker 1: operations center will open in Brooklyn, New York. Mayor Eric 433 00:24:23,200 --> 00:24:27,440 Speaker 1: Adams and if we don't get a handle on cybersecurity, 434 00:24:28,200 --> 00:24:33,320 Speaker 1: what COVID did to our bodies, cybersecurity is going to 435 00:24:33,359 --> 00:24:37,119 Speaker 1: disrupt the anatomy of our city and our state, and 436 00:24:37,200 --> 00:24:41,560 Speaker 1: it's imperative that we take a forefront, forward faking view 437 00:24:41,720 --> 00:24:44,760 Speaker 1: of this. Mayor Adams was joined by other mayors in 438 00:24:44,800 --> 00:24:48,600 Speaker 1: the state for Governor Hocle's announcement. Businesses in New York 439 00:24:48,600 --> 00:24:51,119 Speaker 1: and other big metro areas are beating up security in 440 00:24:51,160 --> 00:24:54,479 Speaker 1: response to an uptick in violent crime by paying the 441 00:24:54,480 --> 00:24:57,600 Speaker 1: city's own police force to work at their stores and 442 00:24:57,720 --> 00:25:01,120 Speaker 1: office buildings. New York City has long administrated its own 443 00:25:01,119 --> 00:25:04,280 Speaker 1: program for off due the officers to stand guard outside 444 00:25:04,280 --> 00:25:08,159 Speaker 1: private businesses, but after the pandemic hit, spending for the 445 00:25:08,200 --> 00:25:12,119 Speaker 1: paid detail program shot up to its highest amount in 446 00:25:12,200 --> 00:25:15,280 Speaker 1: more than a decade. The Pentagon has approved the deployment 447 00:25:15,320 --> 00:25:18,720 Speaker 1: of hundreds of unarmed National Guard troops to Washington, d C. 448 00:25:19,280 --> 00:25:22,919 Speaker 1: The city is preparing for trucker convoys that are planning 449 00:25:22,960 --> 00:25:27,320 Speaker 1: protests against pandemic restrictions beginning next week. Some California truck 450 00:25:27,359 --> 00:25:30,040 Speaker 1: drivers planned I had to Washington, d C. This driver 451 00:25:30,160 --> 00:25:32,600 Speaker 1: says he expects they will gain support along the way. 452 00:25:33,160 --> 00:25:36,560 Speaker 1: We expect the convoy to grow by the thousands, and 453 00:25:36,600 --> 00:25:38,520 Speaker 1: I would imagine by the time we get the d C, 454 00:25:38,680 --> 00:25:41,200 Speaker 1: there will be tens of thousands of people that are 455 00:25:41,240 --> 00:25:43,320 Speaker 1: involved in this movement by the time we get there. 456 00:25:43,480 --> 00:25:47,120 Speaker 1: The convoys follow the recent Canadian trucker's protest of government 457 00:25:47,119 --> 00:25:50,520 Speaker 1: pandemic restrictions. Elton John was able to make his New 458 00:25:50,600 --> 00:25:53,760 Speaker 1: York show last night despite a terrifying air scare. The 459 00:25:53,800 --> 00:25:57,359 Speaker 1: singer's private jets suffered hydraulic failure about an hour into 460 00:25:57,400 --> 00:25:59,800 Speaker 1: his flight from the UK to New York. Then the 461 00:26:00,000 --> 00:26:03,720 Speaker 1: ISILO told air traffic and to prep for an emergency 462 00:26:03,840 --> 00:26:07,000 Speaker 1: landing about an hour from London in eighty mile per 463 00:26:07,040 --> 00:26:10,560 Speaker 1: hour WINS. After two landing attempts to play and land it, 464 00:26:11,040 --> 00:26:13,159 Speaker 1: John called it a later flight to New York in 465 00:26:13,240 --> 00:26:15,600 Speaker 1: order to make it in time for a sold out 466 00:26:15,640 --> 00:26:18,880 Speaker 1: show in Madison Square Garden last night. Global News twenty 467 00:26:18,880 --> 00:26:21,160 Speaker 1: four hours a day on air and on Bloomberg Quick Tank, 468 00:26:21,200 --> 00:26:23,959 Speaker 1: powered by more than twenty seven hundred journalist and analysts, 469 00:26:24,040 --> 00:26:25,879 Speaker 1: more than a hundred twenty countries. I'm Michael Barr. This 470 00:26:25,920 --> 00:26:27,840 Speaker 1: is Bloomberg, NA. Not the way you want to see 471 00:26:27,840 --> 00:26:36,120 Speaker 1: the red tail lights. Thank you, Michael. Six thirty six 472 00:26:36,160 --> 00:26:38,879 Speaker 1: on Wall Street. Here's John Stashard of the the Bloomberg Sports Update. 473 00:26:38,960 --> 00:26:41,560 Speaker 1: Thanks Nathan. It's always slowed time on the sports calendar, 474 00:26:41,600 --> 00:26:45,119 Speaker 1: but usually there is string training in the anticipation that brains. 475 00:26:45,119 --> 00:26:47,240 Speaker 1: Instead we have a lockout. And while the two sides 476 00:26:47,280 --> 00:26:50,600 Speaker 1: have been needing, it seems every bargaining session neveron brings 477 00:26:50,640 --> 00:26:53,680 Speaker 1: about any real progress. Sometime next week they need a 478 00:26:53,760 --> 00:26:55,840 Speaker 1: labor deal or they'll announced the season is not going 479 00:26:55,920 --> 00:26:58,800 Speaker 1: to start on time. Yankees did make an announcement one 480 00:26:58,880 --> 00:27:00,200 Speaker 1: that a lot of fans have been waiting for, where 481 00:27:00,200 --> 00:27:02,639 Speaker 1: no one has worn number twenty one since Paul O'Neill 482 00:27:02,720 --> 00:27:05,440 Speaker 1: retired in two thousand one, The Yanks will officially retire it. 483 00:27:05,800 --> 00:27:09,080 Speaker 1: I'm appropriately August twenty one. O'Neill played eight years of 484 00:27:09,080 --> 00:27:12,320 Speaker 1: the Yankee outfield and be can broadcaster twenty three number 485 00:27:12,359 --> 00:27:14,800 Speaker 1: the games of the time. Islander start a five game 486 00:27:14,920 --> 00:27:19,359 Speaker 1: road trip. First stop seatt All Mayfield, center points white 487 00:27:19,400 --> 00:27:25,600 Speaker 1: right on purpose rebounds. What a beautiful play. Hey, you're 488 00:27:25,760 --> 00:27:29,480 Speaker 1: missing the net whine on purpose, So that's Sexikis could 489 00:27:29,560 --> 00:27:32,159 Speaker 1: dig it in from the rightular crease. It's for nothing. 490 00:27:32,240 --> 00:27:34,920 Speaker 1: New York King w P and Aisles won five to 491 00:27:35,119 --> 00:27:37,240 Speaker 1: they get to the game under five hundred bigg East 492 00:27:37,320 --> 00:27:40,000 Speaker 1: Yukon by two or Villanova, who had beaten the Huskies 493 00:27:40,000 --> 00:27:42,679 Speaker 1: five grade times. Yukon wanted without his coach Dan Hurley 494 00:27:42,680 --> 00:27:46,040 Speaker 1: ejected in the first half. Conflicting reports on when Ben 495 00:27:46,040 --> 00:27:49,120 Speaker 1: Simmons will make his Nets debut, some that will be soon, 496 00:27:49,200 --> 00:27:51,320 Speaker 1: another that could still be weeks away. Simmons leaves to 497 00:27:51,400 --> 00:27:54,399 Speaker 1: ramp up having not played since last May. Reaction to 498 00:27:54,520 --> 00:27:57,440 Speaker 1: Maaron Rodgers of that cryptic Instagram post where he seemed 499 00:27:57,480 --> 00:27:59,480 Speaker 1: to talk about his years in Green Bay in the 500 00:27:59,560 --> 00:28:02,520 Speaker 1: past chance, he said people shouldn't read too much into it, 501 00:28:02,600 --> 00:28:05,360 Speaker 1: that he was just in a reflective mood after being 502 00:28:05,359 --> 00:28:08,639 Speaker 1: in a twelve day cleansed it. Of course, probably the 503 00:28:08,720 --> 00:28:11,159 Speaker 1: biggest question the NFL off season, will Rogers nayed with 504 00:28:11,200 --> 00:28:14,960 Speaker 1: the Packers get traded or with time? John Stashally Bloomberg School, 505 00:28:15,480 --> 00:28:17,840 Speaker 1: All right, John, thank you, six thirty seven on Wall Street. 506 00:28:17,840 --> 00:28:19,119 Speaker 1: Time to take a look at stock. Some of the 507 00:28:19,200 --> 00:28:21,480 Speaker 1: names moving in the pre market with Bloomberg Radio and 508 00:28:21,520 --> 00:28:24,960 Speaker 1: TV Markets correspondent Credi Gupta. Well, Crety, I guess what 509 00:28:25,080 --> 00:28:27,840 Speaker 1: better to spark a relief rally than a technical correction 510 00:28:28,440 --> 00:28:31,479 Speaker 1: exactly by the it seems to be the theme of 511 00:28:31,560 --> 00:28:33,360 Speaker 1: this morning. At least we'll see if it last through 512 00:28:33,359 --> 00:28:35,919 Speaker 1: the open. What's interesting is that you're actually seeing a 513 00:28:36,000 --> 00:28:38,600 Speaker 1: big tech stocks in particular lead the rally this morning, 514 00:28:38,680 --> 00:28:41,680 Speaker 1: kind of mixed in with some earning stories and of 515 00:28:41,720 --> 00:28:43,760 Speaker 1: course the oil names, and you have those two sides 516 00:28:43,800 --> 00:28:46,440 Speaker 1: of the trade, essentially, that defensive tech trade of that 517 00:28:46,560 --> 00:28:48,360 Speaker 1: of course has the heavy waitings on its side, but 518 00:28:48,360 --> 00:28:50,840 Speaker 1: then you also have the oil piece of the equation, 519 00:28:50,840 --> 00:28:53,680 Speaker 1: which we know time and time again has continued to 520 00:28:53,840 --> 00:28:56,760 Speaker 1: rally given those geopolitical tensions and driving or kind of 521 00:28:56,840 --> 00:29:00,440 Speaker 1: should a following up Brent's march up to one hundred 522 00:29:00,440 --> 00:29:02,920 Speaker 1: dollars barrel on w T I S as well. So 523 00:29:02,960 --> 00:29:04,920 Speaker 1: now you are of course seeing some of those names 524 00:29:04,960 --> 00:29:07,280 Speaker 1: once again trickling at the top of the leaderboard this morning. 525 00:29:07,320 --> 00:29:09,600 Speaker 1: Though when it comes to volume is a m D 526 00:29:09,680 --> 00:29:12,520 Speaker 1: and Intel I should mention at the close yesterday a 527 00:29:12,600 --> 00:29:15,200 Speaker 1: m D of course, the chip maker Advanced micro Devices 528 00:29:15,240 --> 00:29:18,040 Speaker 1: reaching a hundred eighty eight billion dollars in market value, 529 00:29:18,280 --> 00:29:21,680 Speaker 1: surpassing its major rival Intel for the very first time. 530 00:29:21,760 --> 00:29:25,040 Speaker 1: Both stocks are up over one percent this morning, Nathan. 531 00:29:25,320 --> 00:29:27,760 Speaker 1: Apart from all the geo politics, of course, we still 532 00:29:27,800 --> 00:29:31,160 Speaker 1: have a lot of earnings, including this morning credate a 533 00:29:31,200 --> 00:29:33,200 Speaker 1: ton of earning. Let's start with Lowe's here. L O 534 00:29:33,440 --> 00:29:36,240 Speaker 1: W is your ticker up just shive three percent, rising 535 00:29:36,280 --> 00:29:39,200 Speaker 1: on a sales b an increase in a full year outlook. 536 00:29:39,200 --> 00:29:41,160 Speaker 1: A little bit of a divergence from what we heard 537 00:29:41,600 --> 00:29:44,040 Speaker 1: from Home Depot yesterday where they're saying they're actually going 538 00:29:44,040 --> 00:29:46,080 Speaker 1: to be a little bit of a deceleration and that 539 00:29:46,160 --> 00:29:50,040 Speaker 1: profit growth going over. A similar story when it comes 540 00:29:50,080 --> 00:29:52,680 Speaker 1: to follow Alto. Of course, the cybersecurity stock p A 541 00:29:52,920 --> 00:29:56,400 Speaker 1: and W is the ticker up seven point seven percent 542 00:29:56,520 --> 00:29:59,720 Speaker 1: this morning after the second quarter results impressed the analysts 543 00:29:59,760 --> 00:30:03,800 Speaker 1: being most expectations and even getting an upgrade to neutral. 544 00:30:04,160 --> 00:30:07,000 Speaker 1: Over at JP Morgan Us to Lantis is the other one. 545 00:30:07,160 --> 00:30:10,160 Speaker 1: St l A is your ticker. They're the carmaker, up 546 00:30:10,280 --> 00:30:12,600 Speaker 1: just shy of seven percent in the pre market, targeting 547 00:30:12,640 --> 00:30:17,000 Speaker 1: double digit adjusted operating income margin and positive industrial free 548 00:30:17,040 --> 00:30:19,320 Speaker 1: cash flow. That's a lot of jargon for a really 549 00:30:19,320 --> 00:30:23,280 Speaker 1: good quarter, essentially um and getting with it some good 550 00:30:23,400 --> 00:30:26,240 Speaker 1: commentary from analyst as well. The results. The analysting of 551 00:30:26,280 --> 00:30:29,400 Speaker 1: the results were quote much above expectations quote even the 552 00:30:29,400 --> 00:30:33,280 Speaker 1: most bullish ones like us, So good news for Stlantis. 553 00:30:33,440 --> 00:30:35,760 Speaker 1: I'll end here with Marathon Oil. We started with oil. 554 00:30:35,800 --> 00:30:38,280 Speaker 1: I'll end here with Piper Sandler upgrading it m r 555 00:30:38,320 --> 00:30:41,440 Speaker 1: O to overweight in a note on the expiration production 556 00:30:41,480 --> 00:30:44,400 Speaker 1: sector and reiterating its overweight waitings on Devon Energy and 557 00:30:44,440 --> 00:30:47,280 Speaker 1: Pioneer Natural. Once again a good bit on oil. M 558 00:30:47,360 --> 00:30:49,960 Speaker 1: r OS your taker up to shy two percent. Nathan Alright, 559 00:30:50,000 --> 00:30:53,520 Speaker 1: Bloomberg Radio and TV Markets correspondent Create Gupta with the 560 00:30:53,600 --> 00:30:56,480 Speaker 1: daily pre market update, and as we take a look 561 00:30:56,480 --> 00:30:59,520 Speaker 1: at stocks as a whole ahead of the Wednesday morning open, 562 00:30:59,600 --> 00:31:02,560 Speaker 1: future are moving higher. We have SMP futures up almost 563 00:31:02,560 --> 00:31:04,640 Speaker 1: twenty four points now, Dow future is up a hundred 564 00:31:04,720 --> 00:31:08,560 Speaker 1: fifty NASTAC futures are higher by a hundred twenty six points. 565 00:31:08,960 --> 00:31:12,480 Speaker 1: Tenure Treasury is down seven thirty seconds. The yield one 566 00:31:12,520 --> 00:31:15,840 Speaker 1: point nine six per cent. Stay with us, you're listening 567 00:31:15,880 --> 00:31:24,440 Speaker 1: to Bloomberg Daybreak. Bloomberg eleven three oh weather sunshine, breezy, 568 00:31:24,520 --> 00:31:28,200 Speaker 1: mid sixties today, upper thirties with clouds tomorrow, wintry mess 569 00:31:28,240 --> 00:31:31,680 Speaker 1: tomorrow night turning over into rain and low forties for Friday. 570 00:31:31,840 --> 00:31:38,800 Speaker 1: Right now sixty in Central Park Markets, Headlines and breaking 571 00:31:38,840 --> 00:31:41,720 Speaker 1: news twenty four hours a day at Bloomberg dot Com, 572 00:31:41,800 --> 00:31:45,440 Speaker 1: the Bloomberg Business at and at Bloomberg Buicktape, trus a 573 00:31:45,480 --> 00:31:55,160 Speaker 1: Bloomberg Business Flash, and I'm Karen Moscow Future is moving 574 00:31:55,240 --> 00:31:57,440 Speaker 1: higher this morning. Let's go to the First Word breaking 575 00:31:57,480 --> 00:32:00,160 Speaker 1: news desk for today's morning call. Here's Bill Maloney, Bill, 576 00:32:00,200 --> 00:32:03,680 Speaker 1: good morning, and good morning, Charon. That's right. US features 577 00:32:03,680 --> 00:32:06,160 Speaker 1: are on the green FPS today, sell off without futures 578 00:32:06,200 --> 00:32:09,000 Speaker 1: up a hundred and thirty nine points. Bestips gained twenty 579 00:32:09,000 --> 00:32:10,840 Speaker 1: two well then as a futures are of a hundred 580 00:32:10,880 --> 00:32:14,200 Speaker 1: and fourteen The US ten yield at one point nine 581 00:32:14,320 --> 00:32:17,840 Speaker 1: seven percent, Gold is down four four four. All oil 582 00:32:17,960 --> 00:32:20,600 Speaker 1: is also lower, but Bigcoin is trading higher by two 583 00:32:20,640 --> 00:32:23,960 Speaker 1: point seven percent. Japan fell one point seven percent overnight, 584 00:32:23,960 --> 00:32:26,400 Speaker 1: while up markets are trading in the green right now 585 00:32:26,800 --> 00:32:28,680 Speaker 1: and back in the US on the economic front. At 586 00:32:28,720 --> 00:32:32,200 Speaker 1: seven o'clock, US mortgage applications after the bell Ust night, 587 00:32:32,240 --> 00:32:36,240 Speaker 1: Powell Auto Network's forecast exceeded expectations. Shares are up eight 588 00:32:36,280 --> 00:32:38,800 Speaker 1: percent in the pre market and regarding earnings this morning, 589 00:32:38,880 --> 00:32:42,720 Speaker 1: Low's beat and boosted its EPs forecast. In other news, 590 00:32:42,800 --> 00:32:45,840 Speaker 1: Activision to delay next year's planned of call Call of 591 00:32:45,920 --> 00:32:48,800 Speaker 1: Duty game and wrapping things up, Sonocco raised to buy 592 00:32:48,800 --> 00:32:51,480 Speaker 1: over at City Group, Intel, race to market perform over 593 00:32:51,520 --> 00:32:54,720 Speaker 1: at Raymond James Live from the first Brecknners Desk on 594 00:32:54,760 --> 00:32:57,600 Speaker 1: the Maloney Cara. All right, Bill, thank you, and here 595 00:32:57,640 --> 00:33:00,000 Speaker 1: live breaking news of her Bloomberg Time squalk on your 596 00:33:00,160 --> 00:33:03,440 Speaker 1: terminal SCU A w K and that's a Bloomberg business flash. 597 00:33:03,440 --> 00:33:06,000 Speaker 1: Now here's Michael Barr with more on what's going on 598 00:33:06,040 --> 00:33:08,800 Speaker 1: around the world. Michael, thank you very much. Karen, Ukraine 599 00:33:08,800 --> 00:33:11,880 Speaker 1: will seek to impose a nationwide state of emergency over 600 00:33:11,920 --> 00:33:15,240 Speaker 1: the rising tensions with the Russia. It comes after Vladimir 601 00:33:15,280 --> 00:33:19,360 Speaker 1: Putin moved what he called peacekeeping troops into Ukraine. President 602 00:33:19,400 --> 00:33:23,760 Speaker 1: Biden has imposed stricter sanctions against Russian banks, business elites, 603 00:33:23,800 --> 00:33:27,880 Speaker 1: and their families. Senior Biden administration officials say the Transportation 604 00:33:27,920 --> 00:33:31,640 Speaker 1: Department is a warning about four hundred fifty million dollars 605 00:33:31,680 --> 00:33:35,480 Speaker 1: in grants for port related projects to bolst to capacity 606 00:33:35,800 --> 00:33:39,040 Speaker 1: and improve the movement of goods. The U S economy 607 00:33:39,080 --> 00:33:43,000 Speaker 1: continues to be affected by congested supply chains in the NHL. 608 00:33:43,080 --> 00:33:46,240 Speaker 1: The Islanders won global news twenty four hours a day 609 00:33:46,400 --> 00:33:49,960 Speaker 1: on air and on Bloomberg Quittake, powered by more than 610 00:33:50,000 --> 00:33:52,640 Speaker 1: twenty seven under journalists and analysts in more than one 611 00:33:53,000 --> 00:33:56,560 Speaker 1: twenty countries. I'm Michael Barr. This is Bloomberg. The following 612 00:33:56,600 --> 00:34:01,120 Speaker 1: commentary is from Bloomberg Opinion. Well it In's Ukraine response 613 00:34:01,280 --> 00:34:03,920 Speaker 1: is mired in barrels of oil. I'm Liam Denning, a 614 00:34:03,920 --> 00:34:08,200 Speaker 1: columnist for Bloomberg Opinion. Russian President Vladimir Pusin's latest incursion 615 00:34:08,200 --> 00:34:11,319 Speaker 1: to Ukraine has drawn new sanctions from the West, but 616 00:34:11,440 --> 00:34:15,120 Speaker 1: harsh measures against Russia's energy industry remain off limits for now. 617 00:34:15,760 --> 00:34:18,640 Speaker 1: That's because the West needs Russian energy, and that includes 618 00:34:18,680 --> 00:34:21,879 Speaker 1: the US. For all the talk of US energy independence, 619 00:34:22,120 --> 00:34:25,280 Speaker 1: the country still imports millions of barrels a day, including 620 00:34:25,280 --> 00:34:28,800 Speaker 1: a rising proportion of Russian ones. These have largely replaced 621 00:34:28,840 --> 00:34:32,880 Speaker 1: imports excluded by sanctions. On Venezuela, with pump prices up 622 00:34:32,920 --> 00:34:36,759 Speaker 1: sharply already and mid terms during nine months. President Joe 623 00:34:36,800 --> 00:34:40,000 Speaker 1: Biden is walking a tightrope on sanctions and waiting through 624 00:34:40,080 --> 00:34:43,280 Speaker 1: millions of barrels of Russian oil too. I'm Liam Denning. 625 00:34:43,840 --> 00:34:46,960 Speaker 1: More opinion, please go to Bloomberg dot com Slash Opinion 626 00:34:47,360 --> 00:34:50,160 Speaker 1: or O P I n go on the Bloomberg terminal. 627 00:34:50,400 --> 00:34:54,400 Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentary is 628 00:34:54,400 --> 00:34:56,720 Speaker 1: gonna be heard every weekday at this time and terminal 629 00:34:56,760 --> 00:34:59,360 Speaker 1: customers can read more it O P I n go. 630 00:35:00,239 --> 00:35:02,480 Speaker 1: It is six fifty on Wall Street. Returned to news 631 00:35:02,480 --> 00:35:04,920 Speaker 1: and science and technology now with the Bloomberg and j 632 00:35:05,120 --> 00:35:07,640 Speaker 1: I T. STEM Report brought to you Buy New Jersey 633 00:35:07,640 --> 00:35:11,799 Speaker 1: Institute of Technology ranked a top fifty national public university 634 00:35:11,840 --> 00:35:14,520 Speaker 1: by US News and World Report and at top fifty 635 00:35:14,560 --> 00:35:18,560 Speaker 1: college for undergraduate entrepreneurship studies by the Princeton Review. Learned 636 00:35:18,560 --> 00:35:21,080 Speaker 1: more at n j I T dot e DU Now 637 00:35:21,120 --> 00:35:24,319 Speaker 1: Here's what's making news in science, technology, engineering and math. 638 00:35:24,840 --> 00:35:28,160 Speaker 1: The U S maternal mortality rate is already high compared 639 00:35:28,200 --> 00:35:32,080 Speaker 1: to other wealthy countries. Now it's increased. According to the CDC. 640 00:35:32,320 --> 00:35:35,240 Speaker 1: The latest figures show almost twenty four deaths for every 641 00:35:35,440 --> 00:35:38,920 Speaker 1: one thousand live births. That's more than double the rate 642 00:35:38,960 --> 00:35:42,200 Speaker 1: in the UK, Canada and France, and black women fared 643 00:35:42,360 --> 00:35:45,640 Speaker 1: much worse than white women. Apple has dropped its mass 644 00:35:45,680 --> 00:35:48,960 Speaker 1: requirement and most retail stores across the US that following 645 00:35:49,000 --> 00:35:53,320 Speaker 1: reduced coronavirus cases and changes in local mandates. Apples also 646 00:35:53,440 --> 00:35:56,400 Speaker 1: ramping up for the return of in store classes. The 647 00:35:56,440 --> 00:35:59,640 Speaker 1: company is preparing to launch new versions of the iPhone, iPad, 648 00:35:59,640 --> 00:36:03,319 Speaker 1: and math and traders expect machines and mobile apps to 649 00:36:03,360 --> 00:36:06,000 Speaker 1: take over even more of the action in financial markets 650 00:36:06,000 --> 00:36:10,600 Speaker 1: in two More than traders predicted an increase in algorithmic 651 00:36:10,640 --> 00:36:13,320 Speaker 1: trading in the next two years. According to JP Morgan 652 00:36:13,440 --> 00:36:17,280 Speaker 1: Chase's annual f I c C E Trading Survey, definding's 653 00:36:17,320 --> 00:36:21,360 Speaker 1: highlight increased reliance on computers to identify and execute trades, 654 00:36:21,600 --> 00:36:25,560 Speaker 1: a transition accelerated by remote working during the pandemic. Mobile 655 00:36:25,600 --> 00:36:29,239 Speaker 1: training applications are forecast to be the most influential technology 656 00:36:29,239 --> 00:36:32,600 Speaker 1: in shaping trading this year, moving to artificial intelligence and 657 00:36:32,680 --> 00:36:35,279 Speaker 1: machine learning over the next three years. And that's the 658 00:36:35,320 --> 00:36:38,920 Speaker 1: Bloomberg and j I T STEM Report. Nathan Okay, Karen, 659 00:36:38,960 --> 00:36:41,320 Speaker 1: thank you. We are live from the Bloomberg interactive brokers 660 00:36:41,320 --> 00:36:43,359 Speaker 1: studios where it's coming up to six fifty two on 661 00:36:43,360 --> 00:36:45,360 Speaker 1: Wall Street Time not to check what's going on in 662 00:36:45,440 --> 00:36:47,440 Speaker 1: d C. Some of the top stories in our nation's 663 00:36:47,480 --> 00:36:50,600 Speaker 1: capital include President Biden ramping up sanctions on Russia as 664 00:36:50,640 --> 00:36:53,520 Speaker 1: he says an invasion of Ukraine is just beginning, the 665 00:36:53,560 --> 00:36:57,480 Speaker 1: President delaying oil permits as gas prices surge on the 666 00:36:57,600 --> 00:37:00,960 Speaker 1: Ukraine developments, and the President urged to declare a climate 667 00:37:01,000 --> 00:37:04,359 Speaker 1: emergency as build back better fades. Let's see more now 668 00:37:04,360 --> 00:37:08,080 Speaker 1: in all these stories, Bloomberg Government reporter Emily Wilkins joins US. Now, 669 00:37:08,200 --> 00:37:12,520 Speaker 1: So we got the sanctions announcement from the president yesterday. Emily, 670 00:37:13,160 --> 00:37:17,799 Speaker 1: how's it being received so far? Not extremely well. Uh, 671 00:37:17,880 --> 00:37:20,919 Speaker 1: We're seeing a lot of criticism, particularly from Republicans, saying 672 00:37:20,960 --> 00:37:23,880 Speaker 1: that these sanctions do not nearly go far enough. I mean, 673 00:37:23,960 --> 00:37:27,040 Speaker 1: we didn't really see any changes with the markets yesterday 674 00:37:27,040 --> 00:37:30,520 Speaker 1: when these sanctions were imposed. Um, they include targeting Russia's 675 00:37:30,560 --> 00:37:34,040 Speaker 1: down and sovereign debt abroad and also the country believes, 676 00:37:34,480 --> 00:37:36,840 Speaker 1: but they really don't go for some of the measures 677 00:37:36,840 --> 00:37:39,800 Speaker 1: that really like cripple Russia a little bit more and 678 00:37:40,120 --> 00:37:42,880 Speaker 1: have them feel some of that pain that sanctions are 679 00:37:42,920 --> 00:37:47,319 Speaker 1: intended to um and the deputy u S National Secretary. Uh. 680 00:37:47,400 --> 00:37:50,200 Speaker 1: He told reporters that the White House that this is 681 00:37:50,239 --> 00:37:52,759 Speaker 1: just the beginning of the invasion and the beginning of 682 00:37:52,800 --> 00:37:55,960 Speaker 1: their response. He's called these group of sanctions the first 683 00:37:55,960 --> 00:37:58,959 Speaker 1: trench and said there would be more coming. And that's 684 00:37:59,080 --> 00:38:02,240 Speaker 1: kind of mirrors. Well, we've heard from President Biden saying 685 00:38:02,280 --> 00:38:04,400 Speaker 1: that you know, this is the beginning of an invasion 686 00:38:04,880 --> 00:38:08,719 Speaker 1: and that they're going to be considering more sanctions in 687 00:38:08,880 --> 00:38:12,000 Speaker 1: days to come on Russia. Uh, that was only the 688 00:38:12,040 --> 00:38:15,360 Speaker 1: first group that they've so far imposed. Now, I know 689 00:38:15,480 --> 00:38:18,960 Speaker 1: Congress is out on a recess right now, but given 690 00:38:19,000 --> 00:38:22,680 Speaker 1: these developments so far, are we hearing anything at this 691 00:38:22,760 --> 00:38:26,200 Speaker 1: point from Capitol Hill in terms of coming together on 692 00:38:26,360 --> 00:38:29,480 Speaker 1: a sanctions package of their own. I think there's a 693 00:38:29,480 --> 00:38:31,640 Speaker 1: sense that this is going to be priority number one. 694 00:38:31,680 --> 00:38:34,480 Speaker 1: Win Congress does get back next week. It is a 695 00:38:34,520 --> 00:38:37,160 Speaker 1: little hard just to call everyone back to see at 696 00:38:37,200 --> 00:38:39,879 Speaker 1: this point for a couple of reasons. And number one, 697 00:38:40,239 --> 00:38:42,600 Speaker 1: this is something where President Biden does have a lot 698 00:38:42,640 --> 00:38:45,080 Speaker 1: of authority to act and to move, so he can 699 00:38:45,160 --> 00:38:48,200 Speaker 1: start making decisions at the moment. The other thing is 700 00:38:48,200 --> 00:38:50,680 Speaker 1: that you know, members of Congress, they are scattered all 701 00:38:50,840 --> 00:38:53,160 Speaker 1: all across the world right now, so it does get 702 00:38:53,200 --> 00:38:55,560 Speaker 1: a little more tricky to have them all come to 703 00:38:55,640 --> 00:38:59,160 Speaker 1: be seen than, say, if they were just in their districts. Remember, 704 00:38:59,239 --> 00:39:02,959 Speaker 1: two before they left for this break, lawmakers were trying 705 00:39:02,960 --> 00:39:05,839 Speaker 1: to find some sort of agreements on sanctions, on time 706 00:39:05,880 --> 00:39:09,680 Speaker 1: and distinctions, what distinctions should be? Uh, And I think 707 00:39:09,719 --> 00:39:12,879 Speaker 1: those questions could have the potential to linger when they 708 00:39:12,880 --> 00:39:16,160 Speaker 1: get back to Washington. I think there's additionally a sense 709 00:39:16,440 --> 00:39:19,560 Speaker 1: a question of you know, what happened next? Does Plutin 710 00:39:19,640 --> 00:39:23,839 Speaker 1: go beyond invading these two separatist regions in Ukraine? And 711 00:39:23,880 --> 00:39:27,120 Speaker 1: what does that look like? I mean interesting to note that, Uh, 712 00:39:27,400 --> 00:39:31,560 Speaker 1: well a Republicans, interesting distinctions, well Ukrainians. Did you heard 713 00:39:31,560 --> 00:39:34,680 Speaker 1: from Ukrainian officials that they thought the measures were appropriate 714 00:39:34,719 --> 00:39:37,239 Speaker 1: at this time? It was also interesting to hear from 715 00:39:37,239 --> 00:39:41,600 Speaker 1: the President yesterday warning Americans that sanctions might not come 716 00:39:41,640 --> 00:39:45,600 Speaker 1: without pain for Americans. At the same time, we're seeing 717 00:39:45,640 --> 00:39:50,280 Speaker 1: the White House delaying oil and gas permits on federal land. 718 00:39:50,320 --> 00:39:52,480 Speaker 1: I mean that could sort of complicate things when it 719 00:39:52,520 --> 00:39:58,040 Speaker 1: comes to trying to get a handle on rising gasoline prices. Yeah, 720 00:39:58,080 --> 00:40:01,080 Speaker 1: this wasn't necessarily a decision made by the White household. 721 00:40:01,120 --> 00:40:04,759 Speaker 1: Load Um. The Interior Department warned of delays in these 722 00:40:04,800 --> 00:40:09,360 Speaker 1: new drillions permits because a federal judge blocked the administration's 723 00:40:09,480 --> 00:40:13,640 Speaker 1: records for assessing how these print approvals impact climate change. 724 00:40:14,120 --> 00:40:17,919 Speaker 1: And so because you have this pause by the judiciary 725 00:40:18,160 --> 00:40:21,399 Speaker 1: on a rule from the administration, that is the way 726 00:40:21,400 --> 00:40:25,200 Speaker 1: in their ability to get some of these permits out there. Um, 727 00:40:25,320 --> 00:40:27,440 Speaker 1: and there were some of them. This move would only 728 00:40:27,480 --> 00:40:31,280 Speaker 1: have a minimal short pack, short term impact on domestic 729 00:40:31,320 --> 00:40:34,920 Speaker 1: oil production because there's so many permits out there already 730 00:40:35,000 --> 00:40:37,759 Speaker 1: that are not being used. But at the same point, 731 00:40:37,880 --> 00:40:42,440 Speaker 1: gas places are are huge for President Biden m being 732 00:40:42,520 --> 00:40:44,839 Speaker 1: aboud to do everything that he's pled to get them down. 733 00:40:45,160 --> 00:40:48,640 Speaker 1: All right, Bloomberg Government reporter Emily Wilkins with us from Washington, 734 00:40:48,760 --> 00:40:51,040 Speaker 1: d C. Thank you. As always, you can read more 735 00:40:51,080 --> 00:40:53,920 Speaker 1: about these stories on Bloomberg dot com or on the 736 00:40:53,920 --> 00:40:56,839 Speaker 1: Bloomberg terminal, and follow all the latest on Bloomberg Radio 737 00:40:56,840 --> 00:41:00,640 Speaker 1: in Washington Bloomberg and one or five points seven fm 738 00:41:00,760 --> 00:41:03,560 Speaker 1: h D two. Karen, all right, Nathan, thank you at 739 00:41:03,560 --> 00:41:07,320 Speaker 1: a six fifty six on Wall Street. This is Bloomberg Daybreak. 740 00:41:07,680 --> 00:41:11,120 Speaker 1: February as Black History Month, and every day this month 741 00:41:11,160 --> 00:41:15,040 Speaker 1: we are celebrating significant moments in US black history. Now 742 00:41:15,080 --> 00:41:19,399 Speaker 1: with your installment for February three, here's Bloomberg's Renato Young 743 00:41:19,920 --> 00:41:22,600 Speaker 1: on This day in Black History. In nineteen seventy nine, 744 00:41:22,840 --> 00:41:26,120 Speaker 1: Frankie Peterson Jr. Is named the first black general in 745 00:41:26,160 --> 00:41:28,680 Speaker 1: the U. S. Marine Corps. He was determined to serve 746 00:41:28,719 --> 00:41:32,600 Speaker 1: his country despite racial discrimination. Peterson first attempted to join 747 00:41:32,640 --> 00:41:34,520 Speaker 1: the U. S. Navy, but was asked to take the 748 00:41:34,600 --> 00:41:38,000 Speaker 1: entrance exam over because administrators believed he had cheated. In 749 00:41:38,080 --> 00:41:41,319 Speaker 1: nineteen fifty, Peterson enlisted in the Navy, and two years 750 00:41:41,400 --> 00:41:44,200 Speaker 1: later as a Marine, he completed flight school and was 751 00:41:44,239 --> 00:41:47,560 Speaker 1: commissioned as a second lieutenant. Peterson went on to become 752 00:41:47,560 --> 00:41:50,800 Speaker 1: the Marines first black aviator and served as commanding General 753 00:41:50,840 --> 00:41:54,120 Speaker 1: for the Marine Corps Combat Development Command. Throughout his career, 754 00:41:54,160 --> 00:41:58,280 Speaker 1: Peterson received several military awards, among them the Navy Distinguished 755 00:41:58,360 --> 00:42:02,120 Speaker 1: Service Medal, Defense Appear Your Service Medal, and the Purple Heart. 756 00:42:02,440 --> 00:42:07,400 Speaker 1: So Peterson retired as lieutenant general after serving as Special 757 00:42:07,400 --> 00:42:11,280 Speaker 1: Assistant to the Chief of Staff. That's today in Black History. 758 00:42:11,560 --> 00:42:14,680 Speaker 1: I'm renied to young Bloomberg Radio. All right, reny to 759 00:42:14,760 --> 00:42:17,719 Speaker 1: thank you, and futures on the rise. SNP future is 760 00:42:17,800 --> 00:42:20,360 Speaker 1: up twenty points this morning. Down futures have one hundred 761 00:42:20,400 --> 00:42:23,759 Speaker 1: twenty one and NASDACK futures have one hundred four ten 762 00:42:23,840 --> 00:42:26,479 Speaker 1: year Treasury down six thirties seconds, the yield one point 763 00:42:26,520 --> 00:42:28,920 Speaker 1: nine six percent. They yield on the two year one 764 00:42:28,920 --> 00:42:31,719 Speaker 1: point five nine percent, and NIME ex screwde oil is 765 00:42:31,760 --> 00:42:34,440 Speaker 1: down a third of upper center twenty eight cents at 766 00:42:34,480 --> 00:42:37,560 Speaker 1: ninety one dollar sixty two cents of barrel bitcoin this 767 00:42:37,640 --> 00:42:40,880 Speaker 1: morning at thirty eight thousand, eight hundred twenty dollars. Bloomberg 768 00:42:40,920 --> 00:42:43,680 Speaker 1: Surveillance with Tom Keen and Jonathan Farrell and Lisa Brahma 769 00:42:43,680 --> 00:42:47,120 Speaker 1: Woods straight ahead for Nathan Hagar. I'm Karen Moscow and 770 00:42:47,280 --> 00:42:48,560 Speaker 1: this is Bloomberg