Speaker 1: Live from the Bloomberg in Director Burger Studios. This is
Speaker 1: Bloomberg day Break for Wednesday, February two. Coming up this hour,
Speaker 1: President Biden's first round of Russia sanctions hits the markets
Speaker 1: with a whimper. SMP future Stage a comeback after falling
Speaker 1: into correction Territory, a shift in the pandemic. Apple drops
Speaker 1: its mass requirement at most retail stores, and Barklays posts
Speaker 1: its highest annual profit on record. New York State is
Speaker 1: an investing sixty million dollars to beep up cyber security,
Speaker 1: plus National Guard troops head to Washington, d C. For
Speaker 1: possible trucktor protests. I like more than I'm John stash
Speaker 1: Our and sports. The Yankees announced they will honor one
Speaker 1: of their former great players, the Islanders, with a win
Speaker 1: in Seattle. That's all straight ahead on Bloomberg day Break
Speaker 1: on Bloomberg ELEMENTARYO, New York, Bloomberg, Washington, d C, Bloomberg
Speaker 1: one oh six one, Boston, Bloomberg nine sixty, San Francisco,
Speaker 1: Sirius x M one nineteen and around the world Old
Speaker 1: on Bloomberg Radio dot Com and via The Bloomberg Business.
Speaker 1: Good morning, I'm Nathan Hager. And I'm Karen. Moscow and
Speaker 1: US futures are bouncing back this morning. We're coming up
Speaker 1: to six oh one on Wall Street, and we check
Speaker 1: the markets every fifteen minutes throughout the trading day. On Bloomberg.
Speaker 1: Right now, S ANDP futures are up thirty points at
Speaker 1: DOWN futures up two hundred four NAS day futures have
Speaker 1: one hundred thirty five, or about one percent. The dads
Speaker 1: in Germany's of nine tenths of upper cent. The ten
Speaker 1: year treasury down seven thirty seconds. They yield one point
Speaker 1: nine six percent. They yield on the two year one
Speaker 1: point five nine percent nine Next. Screwed oil is down
Speaker 1: seven tenths percent or sixty six cents, and ninety one
Speaker 1: dollar twenty five cents of barrel comic school down six
Speaker 1: tents percent or ten dollars eighty cents at eighteen ninety
Speaker 1: six sixty announced in the euro one point one three
Speaker 1: eight against the dollar. Nathan Well, Karen, we begin this
Speaker 1: morning with the latest developments out of Ukraine. The country
Speaker 1: plans to declare a nationwide state of emergency as tensions
Speaker 1: with Russia mount. President Biden has unveiled sanctions against Moscow
Speaker 1: as Secretary of State Anthony B. Lincoln calls off a
Speaker 1: meeting with Russia's foreign minister. Amy Morris has more from
Speaker 1: our bloombergs room in Washington. The latest sanctions target Russia's
Speaker 1: sale of sovereign debt abroad and the country's elites in
Speaker 1: response to what Biden calls the start of Putin's invasion
Speaker 1: of Ukraine. We have no intention of fighting Russia. We
Speaker 1: want to send an unmistakable message though at the United States,
Speaker 1: together with our allies, will defend every inch of NATO territory.
Speaker 1: This as Secretary B. Lincoln says, his meeting with Serage
Speaker 1: Lavrov is canceled because, in his words, doesn't make sense
Speaker 1: to go forward at this time. Ukraine's foreign minister says
Speaker 1: their plan is to use every diplomatic tool possible to
Speaker 1: deter Russia and prevent further escalation. Their plan, b he says,
Speaker 1: is to fight in Washington. I'm Aymy Morris Bloomberg Daybreak, Amy,
Speaker 1: thank you reaction pouring in over the conflict with Russia.
Speaker 1: We spoke with former US Ambassador to Poland, Stephen mull.
Speaker 1: He says his first round of sanctions might not be
Speaker 1: enough to deter a further invasion. I think we're going
Speaker 1: to be looking at over the next days and weeks
Speaker 1: an incremental move by by Russia to see how far
Speaker 1: if you can get and meeting the objective that Brutin
Speaker 1: is laid out. I don't know that there's any section
Speaker 1: that the US could impose that would would stop them
Speaker 1: from going all the way through with what Brutin is
Speaker 1: clearly set. Former US Ambassador Stephen Malls spoke with our
Speaker 1: Washington correspondent Joe Matthew on Bloomberg Sound on Catch the
Speaker 1: program weekdays at five pm Eastern on Bloomberg Radio. Well, Karen,
Speaker 1: all these developments have the S and P five hundreds
Speaker 1: starting the day in Correction Territory. The index is down
Speaker 1: more than ten percent from its January record. Walter Todd
Speaker 1: is chief investment officer at Greenwood Capital. I think it's
Speaker 1: important in times like these for us to just to
Speaker 1: kind of you try to step back and look at
Speaker 1: you know, try to maybe dig in on some individual
Speaker 1: names and you know, earning stories that we're still getting
Speaker 1: despite all these headlines kind of whipping things around, and
Speaker 1: I think, you know, it can present opportunity is for
Speaker 1: companies maybe that have just reported that maybe don't have
Speaker 1: it that much exposure to this situation directly that you
Speaker 1: are getting caught up in this this macro train. Walter
Speaker 1: Todd at Greenwood Capital says the market is still watching
Speaker 1: the Fed. He expects the Central Bank to gradually raise
Speaker 1: rates and then pick up the pace of tightening in
Speaker 1: the second half of the year. Well, Nathan, there's still
Speaker 1: a smattering of earnings to talk about this morning. After
Speaker 1: results from Home Depot yesterday, we get numbers from Home
Speaker 1: and probit, a retailer Lows. We get a preview from
Speaker 1: Bloomberg's Tom Busby. Lots of caution ahead of lows fourth
Speaker 1: quarter earnings on worries that revenues at the nation's number
Speaker 1: two do it yourself chain may be infacted by the
Speaker 1: same higher costs and supply chain problems that weighed on
Speaker 1: Home Depot's results. One key for investors is whether Lowe's
Speaker 1: changes the initial upbeat out look it gave them back
Speaker 1: in December. Bloomberg consensus calls for adjusted earnings per share
Speaker 1: of a dollar seventy, revenues of twenty point eight nine
Speaker 1: billion dollars, and same source sales up about two point two.
Speaker 1: Tom Busby Bloomberg daybreak. All right, Tom, thank you and
Speaker 1: those those earnings just crossing the Bloomberg fourth quarter profit
Speaker 1: and sales easily bidding analysts estimates. It also boosted its
Speaker 1: forecast well In Europe this morning, carrying shares of Barkley's
Speaker 1: are up two and a half percent. The British bank
Speaker 1: posted its highest annual profit on record. Barkley's dealmakers had
Speaker 1: a busy end of the year, helping to offset a
Speaker 1: slump and trading activity while turning to the pandemic. Now, Gathan,
Speaker 1: we're seeing a shift in retails approach to COVID, Apple
Speaker 1: dropping its master requirement at most stores across the US.
Speaker 1: We get the story from Bloomberg's Turley Pellett. The company
Speaker 1: announced the changes to employees at eligible stores and has
Speaker 1: updated its website to reflect which locations aren't no longer
Speaker 1: requiring masks. Apple, however, will continue to recommend that customers
Speaker 1: wear masks and will provide them upon request, employees, say
Speaker 1: Apple retail workers will still be required to wear masks.
Speaker 1: Apple locations in New York have made masks optional for
Speaker 1: customers who are fully vaccinated. The Iphonemaker also is ramping
Speaker 1: up for the return of in store classes in New York.
Speaker 1: Arlie pellin Bloomberg Daybreak, All right, Charlie, thanks. Different story
Speaker 1: in Asia when it comes to the pandemic. Infections are
Speaker 1: still rising in Hong Kong and that has the city
Speaker 1: expanding fiscal stimulus measures. We get more from Bloomberg Daybreak
Speaker 1: Asia anchor Brian Curtis. In the annual Hong Kong budget,
Speaker 1: Financial Secretary Paul Chan said Hong Kong would offer thirteen
Speaker 1: hundred dollar payments to residents. The economy expanded six point
Speaker 1: four percent in twenty one, but he forecast that two
Speaker 1: g d P would fall to a range of two
Speaker 1: to three and a half percent. In the meantime, the
Speaker 1: government has rolled out more details on mass testing residents
Speaker 1: some three times over the next month, and the leading lawmaker,
Speaker 1: Michael Teen says that Hong Kong should impose a strict
Speaker 1: citywide lockdown for nine days to reign in the outbreak.
Speaker 1: Teen says a lockdown would be preferable to stringing along
Speaker 1: drastic social distancing restrictions, restrictions that he says are strangling business.
Speaker 1: Brian Curtis Bloomberg Debreak. A right, Brian, thank you and
Speaker 1: one other note out of Asia this morning, HSBC City
Speaker 1: Group and Banga China. I'll say they will close only
Speaker 1: their retail branches in Hong Kong temporarily on Saturday's beginning
Speaker 1: in March. The move comes as Hong Kong's scrambles to
Speaker 1: contain its worst COVID outbreak yet. Futures this morning are higher.
Speaker 1: SNP futures up thirty two points and as straight ahead,
Speaker 1: we check your local headlines as well as sports, and
Speaker 1: this is Bloomberg. Thanks Karen. Six oh seven on Wall Street,
Speaker 1: fifty nine degrees in Central Park. We have a crash
Speaker 1: in New York. It's on eastbound Exit fifty seven. Details
Speaker 1: coming up in traffic First. Michael bar with more on
Speaker 1: what's going on in New York and around the world. Michael,
Speaker 1: thank you very much, Nathan. Intensions between Russia and the
Speaker 1: West have led New York State to tackle cyber security.
Speaker 1: Governor Kathy Hokel says the Joint Security Operations Center will
Speaker 1: open in Brooklyn to help combat cyber attacks in the state.
Speaker 1: Vocal said the state would set aside almost sixty two
Speaker 1: million dollars in the three state budget for stronger cyber
Speaker 1: security measures. We truly live in a digital world. You
Speaker 1: think about all your transactions, how you access money, how
Speaker 1: you pay your bills, how you make purchases and medical records.
Speaker 1: Even our power grids, NIPEU, our transportation systems, the m
Speaker 1: t A UH, they're all vulnerable to cyber attack if
Speaker 1: we don't take precautionary measures. Governor Huckle was joined by
Speaker 1: several mayors who announced the Joint Security Operations Center, which
Speaker 1: will be the first of its kind in the nation,
Speaker 1: including New York Mayor Eric Adams No forgusing down in
Speaker 1: Gracie Mansion speaking with the former mayor talking about the
Speaker 1: pandemic and other issues that we're facing the city, and
Speaker 1: he was clear, this is Eric, your real crises is
Speaker 1: going to be cybersecurity. Mayor Adams went on to say
Speaker 1: the difference between a minor cyber attack disruption and a
Speaker 1: catastrophe can be a matter of minutes. New York City
Speaker 1: began it's pushed to remove subway riders using the transit
Speaker 1: system for shelter. It's part of a strategy to reduce
Speaker 1: crime and restore confidence in subways in mp D, Transit
Speaker 1: Chief Jason Wilcox said during mt A committee hearings yesterday.
Speaker 1: The Departments of Homeless Services and of Health and Mental
Speaker 1: Hygiene have gone out to talk with writers who lack
Speaker 1: housing and help them find shelter. Former President Trump has
Speaker 1: run out of appeals to keep the January six Committee
Speaker 1: from seeing his White House records. The Supreme Court denied
Speaker 1: Trump's attempt to shield several hundred pages of records last month.
Speaker 1: The justices voted eight one to deny Trump's temporary emergency
Speaker 1: request to delay turning over those papers. New York is
Speaker 1: faving the way for hemp farmers to get a head
Speaker 1: start on growing marijuana for legal sales that are expected
Speaker 1: to begin next year. Governor Kathy Hocal signed legislation that
Speaker 1: lets hemp farmers apply for two year licenses to grow pot.
Speaker 1: Licensees can start planning this spring. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake Power
Speaker 1: by more than undred journalists and analysts more than a hundred,
Speaker 1: twenty countries. Um che labar, this is Bloomberg, Nathan, Thank you,
Speaker 1: Michael Fall six ten on Wall Street Time for the
Speaker 1: Bloomberg Sports Dingy with John Stashower Bath in the Nree
Speaker 1: The Yankees traded Roberto Kelly, the Cincinnati for Paul O'Neill
Speaker 1: swap about fielders to not to be a great Yankee trade.
Speaker 1: O'Neil a mainstand four World Championship teams since retirement many
Speaker 1: years in the Yankee broadcast booth, the team announced on
Speaker 1: August twenty one, number twenty one, we'll have his number retired.
Speaker 1: O'Neil called with his greatest honor. Meanwhile, if and when
Speaker 1: the lockout ends, Yankees might be in pursuit of a
Speaker 1: big free agent. ESPN reports there's growing belief that Freddie
Speaker 1: Freeman is not going to resigned with Atlanta and the
Speaker 1: Yanks are in pursuit Bryan Flora Zoo and his racial
Speaker 1: discrimination lawsuit. A led that while coaching the Dolphins, owner
Speaker 1: Stephen Ross offered him bonus money for each game the
Speaker 1: team lost. Now has made another allegation on HBO's Real Sports.
Speaker 1: Flora said that after he got fired in Miami, they
Speaker 1: offered him millions to sign a non disparagement agreement and
Speaker 1: he refused. For recently got a job as an assistant
Speaker 1: in Pittsburgh. It's twenty four million dollars settlement in the
Speaker 1: gender discrimination lawsuit brought by the US women's national soccer
Speaker 1: team for plaintiffs, including Carley Leowyd. And you know, just
Speaker 1: like all the players prior to me, the pioneers who
Speaker 1: helped make things better for when I came into the game,
Speaker 1: we're doing the same and just really proud of the group.
Speaker 1: I mean, we've started this journey six seven years ago
Speaker 1: and it's been going forward. The women will now get
Speaker 1: the equal phase the men. The Islanders began the season
Speaker 1: with thirteen road games, back on the road for five.
Speaker 1: First off Seattle, Zacaris scored twice, Iles won five to
Speaker 1: You're gone basketball having its best scenes in a while
Speaker 1: at two point big East room, John stash Award Bloombird
Speaker 1: spots All right, John, thanks right now. SMP futures are
Speaker 1: up thirty one points. Sound futures of two HUD fourteen.
Speaker 1: Nasdaq futures are higher by a hundred forty points after
Speaker 1: the SMP five hundred ended yesterday in a correction following
Speaker 1: President Biden sanctions announced spent. We'll get the latest on
Speaker 1: Ukraine with Isaac Boltanski bt I G. Next. This is
Speaker 1: Bloomberg Bloomber eleven three oh weather sunny, breezy, mid sixties
Speaker 1: today up for thirties tomorrow with a wintry mess possible
Speaker 1: tomorrow night rain Friday with highs and the low forties.
Speaker 1: Right now fifty nine degrees in Central Park. Markets. Headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, The Bloomberg Business at Land at Bloomberg Quick Tape,
Speaker 1: He's a Bloomberg Business Flash and I'm Karen Moscow. European
Speaker 1: equities are rising along with US stock index futures on
Speaker 1: this Wednesday morning as investors assess some limited initial Western
Speaker 1: sanctions against Russia. How made the Ukraine standoff? We check
Speaker 1: the markets every fifteen minutes throughout the trading day on Bloomberg.
Speaker 1: Right now, SNP futures are up twenty seven points. Now
Speaker 1: futures have one eighty six and Nasdaq futures one hundred
Speaker 1: and twenties six. The ten your treasury down nine thirty seconds,
Speaker 1: the yield one nine seven percent. The yield on the
Speaker 1: two year one point six zero percent. NIMEX screwed oil
Speaker 1: is down about nine tenths of upper cent or eighty
Speaker 1: cents at ninety one dollar twelve cents of barrel COMEXS
Speaker 1: gold is down six tenths per cent or eleven dollars
Speaker 1: ten cents at eighteen ninety six thirty announced. The euro
Speaker 1: is at one point one three four six against the dollar,
Speaker 1: British pound one point three six so four, the yen
Speaker 1: at one fifteen point oh nine, and bitcoin at this
Speaker 1: morning moving higher at thirty eight thousand, eight hundred forty
Speaker 1: dollars and also lows as we said, reporting earnings fourth
Speaker 1: quarter profit and comp sales beating analysts estimates as a
Speaker 1: Bloomberg business flash. Now here's Michael Barrow with Moore on
Speaker 1: what's going on around the world. Buckle, Karen, thank you
Speaker 1: very much. Tensions over Russia and Ukraine continue. Ukraine will
Speaker 1: seek to impose a nationwide state of emergency. It comes
Speaker 1: after Russian lawmakers author eyes President Vladimir Putin to use
Speaker 1: military force outside his country. Jury deliberations are set to
Speaker 1: begin to day in the case against three former Minneapolis
Speaker 1: police officers involved in George Floyd's death. They are charged
Speaker 1: with depriving Floyd of civil rights by failing to administer
Speaker 1: aid when officer Derek Schouwin pressed his knee into Floyd's
Speaker 1: neck for more than nine minutes. In the NHL, the
Speaker 1: Islanders won global news twenty four hours a day on
Speaker 1: air and on Bloomberg Quittake, powered by more than twenty
Speaker 1: seven under journalist and analysts more than a hundred twenty countries.
Speaker 1: Michael bar This is Bloomberg. Nathan Okay, Michael. Thanks. At
Speaker 1: six nineteen on Wall Street Live from the Bloomberg Interacted
Speaker 1: Broker Studios. This is Bloomberg Daybreak and Isaac Boltanski is
Speaker 1: with a structor of policy research at bt i G
Speaker 1: as we continue to follow developments around Ukraine. Isaac, it's
Speaker 1: good to have you with us this morning. I want
Speaker 1: to get your reaction to the latest development we've seen
Speaker 1: that Ukraine is planning to impose a thirty day nationwide
Speaker 1: state of emergency. What if any impact could that have
Speaker 1: on the tensions with Russia. I think that it tells
Speaker 1: us that we are still in the early innings of
Speaker 1: this story and that it's probably going to get worse
Speaker 1: before there's any potential for it to get better. And
Speaker 1: I think that's a fair assumption given where tensions are generally,
Speaker 1: but as well as the fact that we're seeing pretty
Speaker 1: coordinated sanction actions from the US and its allies, which
Speaker 1: I think are going to be part of this story
Speaker 1: going forward and lead to potentially anything from cyber attacks
Speaker 1: to of course whatever Putin will do on the ground.
Speaker 1: So you don't think that the sanctions as rolled out
Speaker 1: so far from the US and Europe will have the
Speaker 1: deterrent effect that the Allies and the US had been
Speaker 1: telegraphing that they helped sanctions would have. Yeah. Look, I
Speaker 1: don't think there's a detailed set of instructions for exactly
Speaker 1: how to implement sanctions of this nature in the face
Speaker 1: of what Russia is doing. But from my seat, the
Speaker 1: White House prioritized coordination for this first tranch to show
Speaker 1: united front rather than bringing down the proverbial hammer. You know,
Speaker 1: the first trunch of of sanctions announced by the US
Speaker 1: is meaningful, but we should really think about its being
Speaker 1: preliminary rather than final. The US, and for that matter,
Speaker 1: It's Allies, still have a fair amount of dry powder
Speaker 1: left if this crisis escalates. And and that's one of
Speaker 1: the questions that we're hearing here in d C, which
Speaker 1: is what's next in terms of what can be done,
Speaker 1: either administratively or legislatively. Now, based on what you are hearing,
Speaker 1: what's the expectation, what is Washington bracing for in terms
Speaker 1: of the next move from Russia. You know, I think everyone,
Speaker 1: at least in my conversations will make the point that
Speaker 1: no one knows what Vladimir Putin will do other than
Speaker 1: Vladimir Putin. There is a belief that there will be
Speaker 1: further escalation of tensions on the ground and more movement accordingly.
Speaker 1: But from a DC perspective, I think that there is
Speaker 1: ongoing groundwork being done for another round of administrative actions,
Speaker 1: and we can talk about that to the degree that
Speaker 1: you like. But I can also tell you that lawmakers
Speaker 1: who are out of town this week are going to
Speaker 1: come back next week ready to move on some of
Speaker 1: the legislative options, especially with the state of the Union
Speaker 1: in the background and President Biden likely to focus on
Speaker 1: this issue to at least some degree. Do you think
Speaker 1: there's a possibility that we could see more coordination, more
Speaker 1: unanimity among members of Congress when it comes to sanctions
Speaker 1: that could come from Capitol Hill. It seems like there
Speaker 1: has been a lot of difficulty, at least up to now,
Speaker 1: for lawmakers to agree on a sanctions package against Ladimir Putin. Yeah,
Speaker 1: one of the leading senators on this said that we
Speaker 1: were on the one yard line. I believe before they
Speaker 1: left right near the goal line to getting a deal done.
Speaker 1: But there were some real divisions over whether actions should
Speaker 1: be taken preemptively or they should wait for Russia to move.
Speaker 1: There are also some questions about whether some of the
Speaker 1: steps would actually end up hurting our allies. Um For example,
Speaker 1: if you get a change of swift financial clearing system,
Speaker 1: it could actually imperil tens of billions of dollars of
Speaker 1: payments from Russia to creditors like Austria, Austria, France and elsewhere.
Speaker 1: You know. To me, I think that we should believe
Speaker 1: that the next few weeks in Capitol Hill will be
Speaker 1: focused on this issue, and that there is a clear
Speaker 1: path to passage for bipartisan legislation that will provide additional
Speaker 1: funding for pro Ukraine independence fighters and is going to
Speaker 1: I think, take specific target on Russian oligarchs and they're holdings.
Speaker 1: In our last thirty seconds here, Isaac, why do you
Speaker 1: think President Biden has sort of held off on dropping
Speaker 1: the hammer he telegraphed before this beginning of an invasion,
Speaker 1: as he termed it that the US would bring down
Speaker 1: severe economic penalties if Russia were to make a move
Speaker 1: like this, and it seems as though, at least as
Speaker 1: you've been saying as well, that the president's kind of
Speaker 1: holding things uh a little bit close to his vest here.
Speaker 1: My sense is that there was a decision within the
Speaker 1: White House to prioritize coordination. And just yesterday we saw
Speaker 1: the US ACT along with the European Union, the United Kingdom, Australia, Japan,
Speaker 1: and most notably of course, Germany who froze the Nord
Speaker 1: Stream to gas pipeline. And I think what the White
Speaker 1: House wanted to do, and this is a message that
Speaker 1: we've seen from them since you know, they were on
Speaker 1: the campaign trail, is they want multilateral pressure to force
Speaker 1: changes from from other countries. And so I really believe
Speaker 1: that this president, in particular, given his background, wanted to
Speaker 1: to advance the most unified front and the only way
Speaker 1: to do that was to take these initial measured STAPs.
Speaker 1: Where we go from there, yes we will. Thanks Isaac,
Speaker 1: good having your insights this morning. Isaac Boltanski, director of
Speaker 1: Policy research at b T i G. You're listening to
Speaker 1: Bloomberg day Break Bloomberg eleven three oh weather, sunshine, breezy,
Speaker 1: mid sixties today, upper thirties, tomorrow with a wintry mess
Speaker 1: possible tomorrow night that will turn over into rain on Friday,
Speaker 1: cold rage with hides in the low forties right now
Speaker 1: fifty nine degrees. Broadcasting wide from the Bloomberg Interactive Broker
Speaker 1: Studio in New York, Bloomberg E Living free to Washington,
Speaker 1: d C, Bloomberg N one to Boston, Bloomberg one oh
Speaker 1: six one to San Francisco, Bloomberg nine six to the
Speaker 1: country Sirius xm Cho one nine and around the globe
Speaker 1: the Bloomberg Business app in Bloomberg Radio dot com. This
Speaker 1: is Bloomberg Daybreak six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hager and I'm Karen Moscow or just about
Speaker 1: three hours away from the open of US trading. It's
Speaker 1: time for the five Things you need to Notice Are
Speaker 1: your day brought to you by Interactive Brokers. Interactive Brokers
Speaker 1: charges Martin loan rates from zero point seven five to
Speaker 1: one point five eight percent, rates subject to change. Learn
Speaker 1: more at ib k R dot com slash compare. We
Speaker 1: begin with the latest developments on Ukraine. The country plans
Speaker 1: to declare a nationwide state of emergency, has tensions with
Speaker 1: Russia amount and President Biden says he is raising the
Speaker 1: number of military forces in the region. They get the
Speaker 1: very latest from Bloomberg, said Baxter. President Biden says he
Speaker 1: has no plans to fight Russia militarily in Ukraine, but
Speaker 1: the red line is at the boundaries of NATO countries.
Speaker 1: I have authorized additional movements of U S forces and
Speaker 1: equipment already stationed in Europe to strengthen our Baldic allies
Speaker 1: Estonia and Latvia Lithuania. Meanwhile, the first sanctions White House
Speaker 1: folks women John Saki says are just the first step
Speaker 1: their design to have a squeezing impact over the course
Speaker 1: of time. And we have many more escortory steps that
Speaker 1: we could take. And they say no future talks with
Speaker 1: Russia are planned. In San Francisco, I'm at extra Bloomberg daybreak,
Speaker 1: all right, thanks President Biden's first round of sanctions on
Speaker 1: Russia hit the markets with a whimper. Global stocks are
Speaker 1: rising this morning after yesterday slump saw the SMP five
Speaker 1: hundred clothes in correction Territory down ten percent from its
Speaker 1: January highs. Still, the next round of sanctions could bite
Speaker 1: a bit harder. That's according to Saxo Bank Chief Investment
Speaker 1: Officer Stean Jacobson, the next step off from this will
Speaker 1: be very serious in terms of the issues of that
Speaker 1: and the connection inside to to Russia. As someone who
Speaker 1: goes to Russia, I know the Russians of course live
Speaker 1: with this, but I also know that the business people
Speaker 1: that I know and talked to in Russia are certainly
Speaker 1: impacted by this and field this is comes strain on
Speaker 1: the way to do business, Stein Jacobson at Saxo Banks
Speaker 1: as the Federal Reserve should still be the primary focus
Speaker 1: for markets right now. Well on the earnings front, this morning,
Speaker 1: Nathan shares a Barclays up almost three percent. The British
Speaker 1: bank posted its highest annual profit on record. Apple shares
Speaker 1: are up almost one percent in early trading. Karen, the
Speaker 1: iPhone maker, has dropped its mask requirement for custom is
Speaker 1: a most US retail stores that follows reduced COVID cases
Speaker 1: and changes in local mandates, but Apple staff they'll still
Speaker 1: have to wear masks well. Nathan in Hong Kong, HSBC
Speaker 1: City Group in Banka, China say they will temporarily close
Speaker 1: all of their retail branches on Saturday's beginning in March.
Speaker 1: The move comes as Hong Kong scrambles to contain its
Speaker 1: worst outbreak of COVID. And that's the five things you
Speaker 1: need to know to start your day. Brought to you
Speaker 1: by Interactive Brokers. Again, futures are on the rise this morning,
Speaker 1: SMP futures up twenty seven points straight ahead, your latest
Speaker 1: local headlines, plus a check of sports. And this is
Speaker 1: Bloomberg all right, Karen, Thank you. Sixty three on Wall Street,
Speaker 1: sixty degrees six zero in Central Park, starting to see
Speaker 1: fifteen to twenty minute delays in the Lincoln and Holland tunnels.
Speaker 1: Michael bars here with what else is going on in
Speaker 1: New York and around the world. Good morning, Michael, Good
Speaker 1: morning Nathan. New York Governor Kathy Oakle says the state
Speaker 1: will set asign almost sixty two million dollars in the
Speaker 1: budget for a joint security Operations center to help bad
Speaker 1: cyber attacks in the state. We can no longer act independently,
Speaker 1: and that has been the case where the State of
Speaker 1: New York has its plan, City of New York has
Speaker 1: a plan. Our mayors are local governments throughout the State
Speaker 1: of New York, and that is not sustainable in light
Speaker 1: of the threats that we're seeing. Governor Hocle says, the
Speaker 1: operations center will open in Brooklyn, New York. Mayor Eric
Speaker 1: Adams and if we don't get a handle on cybersecurity,
Speaker 1: what COVID did to our bodies, cybersecurity is going to
Speaker 1: disrupt the anatomy of our city and our state, and
Speaker 1: it's imperative that we take a forefront, forward faking view
Speaker 1: of this. Mayor Adams was joined by other mayors in
Speaker 1: the state for Governor Hocle's announcement. Businesses in New York
Speaker 1: and other big metro areas are beating up security in
Speaker 1: response to an uptick in violent crime by paying the
Speaker 1: city's own police force to work at their stores and
Speaker 1: office buildings. New York City has long administrated its own
Speaker 1: program for off due the officers to stand guard outside
Speaker 1: private businesses, but after the pandemic hit, spending for the
Speaker 1: paid detail program shot up to its highest amount in
Speaker 1: more than a decade. The Pentagon has approved the deployment
Speaker 1: of hundreds of unarmed National Guard troops to Washington, d C.
Speaker 1: The city is preparing for trucker convoys that are planning
Speaker 1: protests against pandemic restrictions beginning next week. Some California truck
Speaker 1: drivers planned I had to Washington, d C. This driver
Speaker 1: says he expects they will gain support along the way.
Speaker 1: We expect the convoy to grow by the thousands, and
Speaker 1: I would imagine by the time we get the d C,
Speaker 1: there will be tens of thousands of people that are
Speaker 1: involved in this movement by the time we get there.
Speaker 1: The convoys follow the recent Canadian trucker's protest of government
Speaker 1: pandemic restrictions. Elton John was able to make his New
Speaker 1: York show last night despite a terrifying air scare. The
Speaker 1: singer's private jets suffered hydraulic failure about an hour into
Speaker 1: his flight from the UK to New York. Then the
Speaker 1: ISILO told air traffic and to prep for an emergency
Speaker 1: landing about an hour from London in eighty mile per
Speaker 1: hour WINS. After two landing attempts to play and land it,
Speaker 1: John called it a later flight to New York in
Speaker 1: order to make it in time for a sold out
Speaker 1: show in Madison Square Garden last night. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Tank,
Speaker 1: powered by more than twenty seven hundred journalist and analysts,
Speaker 1: more than a hundred twenty countries. I'm Michael Barr. This
Speaker 1: is Bloomberg, NA. Not the way you want to see
Speaker 1: the red tail lights. Thank you, Michael. Six thirty six
Speaker 1: on Wall Street. Here's John Stashard of the the Bloomberg Sports Update.
Speaker 1: Thanks Nathan. It's always slowed time on the sports calendar,
Speaker 1: but usually there is string training in the anticipation that brains.
Speaker 1: Instead we have a lockout. And while the two sides
Speaker 1: have been needing, it seems every bargaining session neveron brings
Speaker 1: about any real progress. Sometime next week they need a
Speaker 1: labor deal or they'll announced the season is not going
Speaker 1: to start on time. Yankees did make an announcement one
Speaker 1: that a lot of fans have been waiting for, where
Speaker 1: no one has worn number twenty one since Paul O'Neill
Speaker 1: retired in two thousand one, The Yanks will officially retire it.
Speaker 1: I'm appropriately August twenty one. O'Neill played eight years of
Speaker 1: the Yankee outfield and be can broadcaster twenty three number
Speaker 1: the games of the time. Islander start a five game
Speaker 1: road trip. First stop seatt All Mayfield, center points white
Speaker 1: right on purpose rebounds. What a beautiful play. Hey, you're
Speaker 1: missing the net whine on purpose, So that's Sexikis could
Speaker 1: dig it in from the rightular crease. It's for nothing.
Speaker 1: New York King w P and Aisles won five to
Speaker 1: they get to the game under five hundred bigg East
Speaker 1: Yukon by two or Villanova, who had beaten the Huskies
Speaker 1: five grade times. Yukon wanted without his coach Dan Hurley
Speaker 1: ejected in the first half. Conflicting reports on when Ben
Speaker 1: Simmons will make his Nets debut, some that will be soon,
Speaker 1: another that could still be weeks away. Simmons leaves to
Speaker 1: ramp up having not played since last May. Reaction to
Speaker 1: Maaron Rodgers of that cryptic Instagram post where he seemed
Speaker 1: to talk about his years in Green Bay in the
Speaker 1: past chance, he said people shouldn't read too much into it,
Speaker 1: that he was just in a reflective mood after being
Speaker 1: in a twelve day cleansed it. Of course, probably the
Speaker 1: biggest question the NFL off season, will Rogers nayed with
Speaker 1: the Packers get traded or with time? John Stashally Bloomberg School,
Speaker 1: All right, John, thank you, six thirty seven on Wall Street.
Speaker 1: Time 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 Credi Gupta. Well, Crety, I guess what
Speaker 1: better to spark a relief rally than a technical correction
Speaker 1: exactly by the it seems to be the theme of
Speaker 1: this morning. At least we'll see if it last through
Speaker 1: the open. What's interesting is that you're actually seeing a
Speaker 1: big tech stocks in particular lead the rally this morning,
Speaker 1: kind of mixed in with some earning stories and of
Speaker 1: course the oil names, and you have those two sides
Speaker 1: of the trade, essentially, that defensive tech trade of that
Speaker 1: of course has the heavy waitings on its side, but
Speaker 1: then you also have the oil piece of the equation,
Speaker 1: which we know time and time again has continued to
Speaker 1: rally given those geopolitical tensions and driving or kind of
Speaker 1: should a following up Brent's march up to one hundred
Speaker 1: dollars barrel on w T I S as well. So
Speaker 1: now you are of course seeing some of those names
Speaker 1: once again trickling at the top of the leaderboard this morning.
Speaker 1: Though when it comes to volume is a m D
Speaker 1: and Intel I should mention at the close yesterday a
Speaker 1: m D of course, the chip maker Advanced micro Devices
Speaker 1: reaching a hundred eighty eight billion dollars in market value,
Speaker 1: surpassing its major rival Intel for the very first time.
Speaker 1: Both stocks are up over one percent this morning, Nathan.
Speaker 1: Apart from all the geo politics, of course, we still
Speaker 1: have a lot of earnings, including this morning credate a
Speaker 1: ton of earning. Let's start with Lowe's here. L O
Speaker 1: W is your ticker up just shive three percent, rising
Speaker 1: on a sales b an increase in a full year outlook.
Speaker 1: A little bit of a divergence from what we heard
Speaker 1: from Home Depot yesterday where they're saying they're actually going
Speaker 1: to be a little bit of a deceleration and that
Speaker 1: profit growth going over. A similar story when it comes
Speaker 1: to follow Alto. Of course, the cybersecurity stock p A
Speaker 1: and W is the ticker up seven point seven percent
Speaker 1: this morning after the second quarter results impressed the analysts
Speaker 1: being most expectations and even getting an upgrade to neutral.
Speaker 1: Over at JP Morgan Us to Lantis is the other one.
Speaker 1: St l A is your ticker. They're the carmaker, up
Speaker 1: just shy of seven percent in the pre market, targeting
Speaker 1: double digit adjusted operating income margin and positive industrial free
Speaker 1: cash flow. That's a lot of jargon for a really
Speaker 1: good quarter, essentially um and getting with it some good
Speaker 1: commentary from analyst as well. The results. The analysting of
Speaker 1: the results were quote much above expectations quote even the
Speaker 1: most bullish ones like us, So good news for Stlantis.
Speaker 1: I'll end here with Marathon Oil. We started with oil.
Speaker 1: I'll end here with Piper Sandler upgrading it m r
Speaker 1: O to overweight in a note on the expiration production
Speaker 1: sector and reiterating its overweight waitings on Devon Energy and
Speaker 1: Pioneer Natural. Once again a good bit on oil. M
Speaker 1: r OS your taker up to shy two percent. Nathan Alright,
Speaker 1: Bloomberg Radio and TV Markets correspondent Create Gupta with the
Speaker 1: daily pre market update, and as we take a look
Speaker 1: at stocks as a whole ahead of the Wednesday morning open,
Speaker 1: future are moving higher. We have SMP futures up almost
Speaker 1: twenty four points now, Dow future is up a hundred
Speaker 1: fifty NASTAC futures are higher by a hundred twenty six points.
Speaker 1: Tenure Treasury is down seven thirty seconds. The yield one
Speaker 1: point nine six per cent. Stay with us, you're listening
Speaker 1: to Bloomberg Daybreak. Bloomberg eleven three oh weather sunshine, breezy,
Speaker 1: mid sixties today, upper thirties with clouds tomorrow, wintry mess
Speaker 1: tomorrow night turning over into rain and low forties for Friday.
Speaker 1: Right now sixty in Central Park Markets, Headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business at and at Bloomberg Buicktape, trus a
Speaker 1: Bloomberg Business Flash, and I'm Karen Moscow Future is moving
Speaker 1: higher this morning. Let's go to the First Word breaking
Speaker 1: news desk for today's morning call. Here's Bill Maloney, Bill,
Speaker 1: good morning, and good morning, Charon. That's right. US features
Speaker 1: are on the green FPS today, sell off without futures
Speaker 1: up a hundred and thirty nine points. Bestips gained twenty
Speaker 1: two well then as a futures are of a hundred
Speaker 1: and fourteen The US ten yield at one point nine
Speaker 1: seven percent, Gold is down four four four. All oil
Speaker 1: is also lower, but Bigcoin is trading higher by two
Speaker 1: point seven percent. Japan fell one point seven percent overnight,
Speaker 1: while up markets are trading in the green right now
Speaker 1: and back in the US on the economic front. At
Speaker 1: seven o'clock, US mortgage applications after the bell Ust night,
Speaker 1: Powell Auto Network's forecast exceeded expectations. Shares are up eight
Speaker 1: percent in the pre market and regarding earnings this morning,
Speaker 1: Low's beat and boosted its EPs forecast. In other news,
Speaker 1: Activision to delay next year's planned of call Call of
Speaker 1: Duty game and wrapping things up, Sonocco raised to buy
Speaker 1: over at City Group, Intel, race to market perform over
Speaker 1: at Raymond James Live from the first Brecknners Desk on
Speaker 1: the Maloney Cara. All right, Bill, thank you, and here
Speaker 1: live breaking news of her Bloomberg Time squalk on your
Speaker 1: terminal SCU A w K and that's a Bloomberg business flash.
Speaker 1: Now here's Michael Barr with more on what's going on
Speaker 1: around the world. Michael, thank you very much. Karen, Ukraine
Speaker 1: will seek to impose a nationwide state of emergency over
Speaker 1: the rising tensions with the Russia. It comes after Vladimir
Speaker 1: Putin moved what he called peacekeeping troops into Ukraine. President
Speaker 1: Biden has imposed stricter sanctions against Russian banks, business elites,
Speaker 1: and their families. Senior Biden administration officials say the Transportation
Speaker 1: Department is a warning about four hundred fifty million dollars
Speaker 1: in grants for port related projects to bolst to capacity
Speaker 1: and improve the movement of goods. The U S economy
Speaker 1: continues to be affected by congested supply chains in the NHL.
Speaker 1: The Islanders won global news twenty four hours a day
Speaker 1: on air and on Bloomberg Quittake, powered by more than
Speaker 1: twenty seven under journalists and analysts in more than one
Speaker 1: twenty countries. I'm Michael Barr. This is Bloomberg. The following
Speaker 1: commentary is from Bloomberg Opinion. Well it In's Ukraine response
Speaker 1: is mired in barrels of oil. I'm Liam Denning, a
Speaker 1: columnist for Bloomberg Opinion. Russian President Vladimir Pusin's latest incursion
Speaker 1: to Ukraine has drawn new sanctions from the West, but
Speaker 1: harsh measures against Russia's energy industry remain off limits for now.
Speaker 1: That's because the West needs Russian energy, and that includes
Speaker 1: the US. For all the talk of US energy independence,
Speaker 1: the country still imports millions of barrels a day, including
Speaker 1: a rising proportion of Russian ones. These have largely replaced
Speaker 1: imports excluded by sanctions. On Venezuela, with pump prices up
Speaker 1: sharply already and mid terms during nine months. President Joe
Speaker 1: Biden is walking a tightrope on sanctions and waiting through
Speaker 1: millions of barrels of Russian oil too. I'm Liam Denning.
Speaker 1: More opinion, please go to Bloomberg dot com Slash Opinion
Speaker 1: or O P I n go on the Bloomberg terminal.
Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentary is
Speaker 1: gonna be heard every weekday at this time and terminal
Speaker 1: customers can read more it O P I n go.
Speaker 1: It is six fifty on Wall Street. Returned to news
Speaker 1: and science and technology now with the Bloomberg and j
Speaker 1: I T. STEM Report brought to you Buy New Jersey
Speaker 1: Institute of Technology ranked a top fifty national public university
Speaker 1: by US News and World Report and at top fifty
Speaker 1: college for undergraduate entrepreneurship studies by the Princeton Review. Learned
Speaker 1: more at n j I T dot e DU Now
Speaker 1: Here's what's making news in science, technology, engineering and math.
Speaker 1: The U S maternal mortality rate is already high compared
Speaker 1: to other wealthy countries. Now it's increased. According to the CDC.
Speaker 1: The latest figures show almost twenty four deaths for every
Speaker 1: one thousand live births. That's more than double the rate
Speaker 1: in the UK, Canada and France, and black women fared
Speaker 1: much worse than white women. Apple has dropped its mass
Speaker 1: requirement and most retail stores across the US that following
Speaker 1: reduced coronavirus cases and changes in local mandates. Apples also
Speaker 1: ramping up for the return of in store classes. The
Speaker 1: company is preparing to launch new versions of the iPhone, iPad,
Speaker 1: and math and traders expect machines and mobile apps to
Speaker 1: take over even more of the action in financial markets
Speaker 1: in two More than traders predicted an increase in algorithmic
Speaker 1: trading in the next two years. According to JP Morgan
Speaker 1: Chase's annual f I c C E Trading Survey, definding's
Speaker 1: highlight increased reliance on computers to identify and execute trades,
Speaker 1: a transition accelerated by remote working during the pandemic. Mobile
Speaker 1: training applications are forecast to be the most influential technology
Speaker 1: in shaping trading this year, moving to artificial intelligence and
Speaker 1: machine learning over the next three years. And that's the
Speaker 1: Bloomberg and j I T STEM Report. Nathan Okay, Karen,
Speaker 1: thank you. We are live from the Bloomberg interactive brokers
Speaker 1: studios where it's coming up to six fifty two on
Speaker 1: Wall Street Time not to check what's going on in
Speaker 1: d C. Some of the top stories in our nation's
Speaker 1: capital include President Biden ramping up sanctions on Russia as
Speaker 1: he says an invasion of Ukraine is just beginning, the
Speaker 1: President delaying oil permits as gas prices surge on the
Speaker 1: Ukraine developments, and the President urged to declare a climate
Speaker 1: emergency as build back better fades. Let's see more now
Speaker 1: in all these stories, Bloomberg Government reporter Emily Wilkins joins US. Now,
Speaker 1: So we got the sanctions announcement from the president yesterday. Emily,
Speaker 1: how's it being received so far? Not extremely well. Uh,
Speaker 1: We're seeing a lot of criticism, particularly from Republicans, saying
Speaker 1: that these sanctions do not nearly go far enough. I mean,
Speaker 1: we didn't really see any changes with the markets yesterday
Speaker 1: when these sanctions were imposed. Um, they include targeting Russia's
Speaker 1: down and sovereign debt abroad and also the country believes,
Speaker 1: but they really don't go for some of the measures
Speaker 1: that really like cripple Russia a little bit more and
Speaker 1: have them feel some of that pain that sanctions are
Speaker 1: intended to um and the deputy u S National Secretary. Uh.
Speaker 1: He told reporters that the White House that this is
Speaker 1: just the beginning of the invasion and the beginning of
Speaker 1: their response. He's called these group of sanctions the first
Speaker 1: trench and said there would be more coming. And that's
Speaker 1: kind of mirrors. Well, we've heard from President Biden saying
Speaker 1: that you know, this is the beginning of an invasion
Speaker 1: and that they're going to be considering more sanctions in
Speaker 1: days to come on Russia. Uh, that was only the
Speaker 1: first group that they've so far imposed. Now, I know
Speaker 1: Congress is out on a recess right now, but given
Speaker 1: these developments so far, are we hearing anything at this
Speaker 1: point from Capitol Hill in terms of coming together on
Speaker 1: a sanctions package of their own. I think there's a
Speaker 1: sense that this is going to be priority number one.
Speaker 1: Win Congress does get back next week. It is a
Speaker 1: little hard just to call everyone back to see at
Speaker 1: this point for a couple of reasons. And number one,
Speaker 1: this is something where President Biden does have a lot
Speaker 1: of authority to act and to move, so he can
Speaker 1: start making decisions at the moment. The other thing is
Speaker 1: that you know, members of Congress, they are scattered all
Speaker 1: all across the world right now, so it does get
Speaker 1: a little more tricky to have them all come to
Speaker 1: be seen than, say, if they were just in their districts. Remember,
Speaker 1: two before they left for this break, lawmakers were trying
Speaker 1: to find some sort of agreements on sanctions, on time
Speaker 1: and distinctions, what distinctions should be? Uh, And I think
Speaker 1: those questions could have the potential to linger when they
Speaker 1: get back to Washington. I think there's additionally a sense
Speaker 1: a question of you know, what happened next? Does Plutin
Speaker 1: go beyond invading these two separatist regions in Ukraine? And
Speaker 1: what does that look like? I mean interesting to note that, Uh,
Speaker 1: well a Republicans, interesting distinctions, well Ukrainians. Did you heard
Speaker 1: from Ukrainian officials that they thought the measures were appropriate
Speaker 1: at this time? It was also interesting to hear from
Speaker 1: the President yesterday warning Americans that sanctions might not come
Speaker 1: without pain for Americans. At the same time, we're seeing
Speaker 1: the White House delaying oil and gas permits on federal land.
Speaker 1: I mean that could sort of complicate things when it
Speaker 1: comes to trying to get a handle on rising gasoline prices. Yeah,
Speaker 1: this wasn't necessarily a decision made by the White household.
Speaker 1: Load Um. The Interior Department warned of delays in these
Speaker 1: new drillions permits because a federal judge blocked the administration's
Speaker 1: records for assessing how these print approvals impact climate change.
Speaker 1: And so because you have this pause by the judiciary
Speaker 1: on a rule from the administration, that is the way
Speaker 1: in their ability to get some of these permits out there. Um,
Speaker 1: and there were some of them. This move would only
Speaker 1: have a minimal short pack, short term impact on domestic
Speaker 1: oil production because there's so many permits out there already
Speaker 1: that are not being used. But at the same point,
Speaker 1: gas places are are huge for President Biden m being
Speaker 1: aboud to do everything that he's pled to get them down.
Speaker 1: All right, Bloomberg Government reporter Emily Wilkins with us from Washington,
Speaker 1: d C. Thank you. As always, you can read more
Speaker 1: about these stories on Bloomberg dot com or on the
Speaker 1: Bloomberg terminal, and follow all the latest on Bloomberg Radio
Speaker 1: in Washington Bloomberg and one or five points seven fm
Speaker 1: h D two. Karen, all right, Nathan, thank you at
Speaker 1: a six fifty six on Wall Street. This is Bloomberg Daybreak.
Speaker 1: February as Black History Month, and every day this month
Speaker 1: we are celebrating significant moments in US black history. Now
Speaker 1: with your installment for February three, here's Bloomberg's Renato Young
Speaker 1: on This day in Black History. In nineteen seventy nine,
Speaker 1: Frankie Peterson Jr. Is named the first black general in
Speaker 1: the U. S. Marine Corps. He was determined to serve
Speaker 1: his country despite racial discrimination. Peterson first attempted to join
Speaker 1: the U. S. Navy, but was asked to take the
Speaker 1: entrance exam over because administrators believed he had cheated. In
Speaker 1: nineteen fifty, Peterson enlisted in the Navy, and two years
Speaker 1: later as a Marine, he completed flight school and was
Speaker 1: commissioned as a second lieutenant. Peterson went on to become
Speaker 1: the Marines first black aviator and served as commanding General
Speaker 1: for the Marine Corps Combat Development Command. Throughout his career,
Speaker 1: Peterson received several military awards, among them the Navy Distinguished
Speaker 1: Service Medal, Defense Appear Your Service Medal, and the Purple Heart.
Speaker 1: So Peterson retired as lieutenant general after serving as Special
Speaker 1: Assistant to the Chief of Staff. That's today in Black History.
Speaker 1: I'm renied to young Bloomberg Radio. All right, reny to
Speaker 1: thank you, and futures on the rise. SNP future is
Speaker 1: up twenty points this morning. Down futures have one hundred
Speaker 1: twenty one and NASDACK futures have one hundred four ten
Speaker 1: year Treasury down six thirties seconds, the yield one point
Speaker 1: nine six percent. They yield on the two year one
Speaker 1: point five nine percent, and NIME ex screwde oil is
Speaker 1: down a third of upper center twenty eight cents at
Speaker 1: ninety one dollar sixty two cents of barrel bitcoin this
Speaker 1: morning at thirty eight thousand, eight hundred twenty dollars. Bloomberg
Speaker 1: Surveillance with Tom Keen and Jonathan Farrell and Lisa Brahma
Speaker 1: Woods straight ahead for Nathan Hagar. I'm Karen Moscow and
Speaker 1: this is Bloomberg