WEBVTT - Bloomberg Daybreak: April 1, 2022 - Hour 1 (Radio) 0:00:03.480 --> 0:00:06.760 Live from the Bloomberg Interactor Berger Studios. This is is Bloomberg 0:00:06.840 --> 0:00:11.040 Daybreak for Friday, April one. Coming up this hour, peace 0:00:11.080 --> 0:00:14.000 talks are set to resume between Russia and Ukraine. The 0:00:14.080 --> 0:00:17.000 second quarter kicks off after a historically bad one for 0:00:17.120 --> 0:00:21.120 stocks and bonds, Talks of a recession threatened confidence for investors, 0:00:21.360 --> 0:00:23.640 and Wall Street looks to the march. Johns are four 0:00:23.720 --> 0:00:26.760 for the latest reading on the economy. A Jade orders 0:00:26.800 --> 0:00:30.920 New York's Democrat controlled legislature to redraw the states congressional districts. 0:00:30.920 --> 0:00:34.000 Plus New Jersey Governor Murphy has covid on Michael bar 0:00:34.240 --> 0:00:37.360 More ahead, I'm John stash Tower and sports over time 0:00:37.360 --> 0:00:39.760 in Brooklyn, The Bucks beat the Nets, and yet another 0:00:39.800 --> 0:00:44.920 injury concern for Metzas Jacob de Grand. That's all straight 0:00:44.920 --> 0:00:49.120 ahead on Bloomberg day Break on Bloomberg eleven, Trio, New York, 0:00:49.280 --> 0:00:54.760 Bloomberg Washington, d C, Bloomberg one six one, Boston, Bloomberg 0:00:54.880 --> 0:00:59.040 nine six, San Francisco, Sirius x M one nine team, 0:00:59.040 --> 0:01:01.960 and around the world on Bloomberg Radio dot Com and 0:01:02.120 --> 0:01:09.639 via The Bloomberg Business and Good Friday Morning. I'm Nathan Hagar, 0:01:10.000 --> 0:01:12.880 and I'm Karen, mostown and US Dock Index futures are 0:01:13.000 --> 0:01:15.399 higher this morning, and we are coming up to five 0:01:15.440 --> 0:01:17.479 out one on Wall Street. We checked the markets every 0:01:17.480 --> 0:01:20.800 fifteen minutes throughout the trading day on Bloomberg and right 0:01:20.800 --> 0:01:22.680 now U S and P futures are up about eighteen 0:01:22.760 --> 0:01:26.600 points Down futures have one thirty seven, and NASDAG futures 0:01:26.680 --> 0:01:30.160 are up fifty two. The ten year treasury down twenty 0:01:30.240 --> 0:01:33.639 thirty seconds, the l two point for one per cent. Nathan, 0:01:33.840 --> 0:01:35.480 all right, Karen, We'll have more on the markets in 0:01:35.520 --> 0:01:38.039 a minute, but first we start in Ukraine. Peace talks 0:01:38.120 --> 0:01:41.160 with Russia are set to resume today. These negotiations will 0:01:41.160 --> 0:01:45.360 be by video link. Russia says two Ukrainian military helicopters 0:01:45.400 --> 0:01:47.680 have made a strike across the border, hitting a Russian 0:01:47.800 --> 0:01:50.840 oil tank facility. Amy Morris has the latest from our 0:01:50.840 --> 0:01:54.840 Bloomberg newsroom in Washington. Kiva has not confirmed the strike 0:01:55.000 --> 0:01:58.120 in Russia, but did say it's forces retook several villages 0:01:58.200 --> 0:02:00.520 in the curse And region to the south. This as 0:02:00.560 --> 0:02:03.680 President Biden says Vladimir Putin may have detained some of 0:02:03.760 --> 0:02:07.360 his own advisors. He seems to be self wastolated and 0:02:07.440 --> 0:02:11.760 there's some indication that he has um fired or put 0:02:11.880 --> 0:02:14.639 in the house arrest some of his advisers. Meanwhile, the 0:02:14.760 --> 0:02:17.840 United Nations says relief convoys are unable so far to 0:02:17.919 --> 0:02:21.000 reach Mariopal, but Russia says it will open a humanitarian 0:02:21.120 --> 0:02:24.880 corridor there today in Washington, I maybe more as Bloomberg daybreak. 0:02:24.960 --> 0:02:27.160 All right, Amy, thank you well. China is also in 0:02:27.240 --> 0:02:30.840 focus as morning. European leaders are warning Beijing about involvement 0:02:30.919 --> 0:02:32.639 in the war. And we go live to London and 0:02:32.720 --> 0:02:35.560 get the leaders and Bloomberg's un parts. Good morning, Uen, 0:02:37.320 --> 0:02:40.119 Good morning Karen and Nathan. The European Commission's president says 0:02:40.240 --> 0:02:44.240 China has a special responsibility to demand that Russia respects 0:02:44.320 --> 0:02:48.560 international law and to defend Ukraine's sovereignty. That's the message 0:02:48.560 --> 0:02:50.960 to us. The Vondeli will deliver the Beijing today at 0:02:51.040 --> 0:02:54.440 a virtual summits expected to be dominated by Russia's war. 0:02:54.919 --> 0:02:57.480 Europeans are expected to tell China that any help to 0:02:57.560 --> 0:03:01.200 Moscow to avoid sanctions or to supply happens well results 0:03:01.240 --> 0:03:05.600 in severe consequences. Live in London, i'mumpulse break, okay you 0:03:05.720 --> 0:03:08.239 and thanks. Let's turn back to markets now and checkout oil, 0:03:08.320 --> 0:03:11.480 it's heading for its biggest weekly loss almost two years. 0:03:11.880 --> 0:03:14.919 Checking prices now, Nimex cruise down a half percent or 0:03:15.000 --> 0:03:18.160 forty eight cents at ninety four cents of arrel. Brent 0:03:18.360 --> 0:03:20.680 is at a hundred four dollars fifty four cents. All 0:03:20.720 --> 0:03:23.800 this after the White House ordered an unprecedented release from 0:03:23.840 --> 0:03:28.200 the strategic reserves. Democratic Michigan Congressman Dan Kilde says it's 0:03:28.200 --> 0:03:30.880 a good first step. I don't think by itself it 0:03:31.000 --> 0:03:33.359 solves the problem, but it's a step. I'd like to 0:03:33.360 --> 0:03:36.160 see us do a couple other things, but this is 0:03:36.200 --> 0:03:39.120 a step in the right direction. People need relief at 0:03:39.160 --> 0:03:41.080 the pump, and this will make a difference in terms 0:03:41.120 --> 0:03:44.680 of the prices they're seeing for everything. Congressman Dan Kilde 0:03:44.720 --> 0:03:47.720 also supports temporary lifting of the federal and state gas tax. 0:03:47.840 --> 0:03:50.800 He spoke with our Washington correspondent Joe Matthew on Bloomberg 0:03:50.920 --> 0:03:53.920 Sound on Catch the program weekdays at five pm Eastern 0:03:54.000 --> 0:03:58.000 on Bloomberg Radio. More inflation and the lingering impact of 0:03:58.040 --> 0:04:01.280 the pandemic made the first quarter a historically rough one 0:04:01.400 --> 0:04:04.520 for investors. Nathan and more than three trillion dollars were 0:04:04.520 --> 0:04:08.160 erase from bond and equity values in the period. Megan Hornman, 0:04:08.240 --> 0:04:11.520 chief investment officer at Verdens Capital Advisors, sees the current 0:04:11.600 --> 0:04:15.000 situation as a buying opportunity. We are also looking at 0:04:15.000 --> 0:04:17.160 some of the areas that are getting beaten down the most, 0:04:17.400 --> 0:04:19.400 you know, some of the growth areas that got hit 0:04:19.480 --> 0:04:21.840 really bad in January and February. We did put some 0:04:21.960 --> 0:04:24.360 money to work there, thinking that over the long run 0:04:24.400 --> 0:04:27.599 that they had been unfairly pushed lower because of what's 0:04:27.640 --> 0:04:29.760 going on with interest rates as well as the war 0:04:29.839 --> 0:04:33.240 with fresh in Ukraine. Megan Hornman with Verdens Capital Advisor 0:04:33.320 --> 0:04:36.800 says earning season will be a key for future market action. Well. 0:04:36.880 --> 0:04:39.760 Questions are swirling about what earnings will look like, Karen, 0:04:39.800 --> 0:04:43.320 and also whether a recession is coming. City Group Global 0:04:43.400 --> 0:04:46.200 Chief economist Nathan Sheet says the odds of one are 0:04:46.360 --> 0:04:51.279 significant globally, UH it's around a third UH. The geo 0:04:51.360 --> 0:04:56.720 political situation, the energy situation is very severe. I think 0:04:56.760 --> 0:05:00.280 in the United States we are insulated anach when I 0:05:00.360 --> 0:05:03.720 think about kind of the global situation coupled with the 0:05:03.839 --> 0:05:08.040 Federal Reserve potentially hiking very rapidly, maybe one in four 0:05:08.240 --> 0:05:10.920 over the next eighteen months. It is it is significant. 0:05:11.080 --> 0:05:13.640 The City Group Global Chief Economist Nathan Sheets made the 0:05:13.680 --> 0:05:16.839 comments on Bloomberg's Balance of Power Catch the program weekdays 0:05:16.880 --> 0:05:19.920 at noon Eastern on Bloomberg Radio and Television. Well Nathan 0:05:19.960 --> 0:05:22.440 began more clues about the economy later this morning with 0:05:22.520 --> 0:05:24.400 the release of the March jobs are for at The 0:05:24.480 --> 0:05:27.720 median forecast calls for four hundred ninety thousand new jobs 0:05:27.760 --> 0:05:30.600 at an unemployment rate of three point seven percent. To 0:05:30.680 --> 0:05:34.000 get more from Bloomberg's Michael McKee, analysts expect March was 0:05:34.040 --> 0:05:37.800 another strong month of job growth, although borrowing a major surprise, 0:05:37.920 --> 0:05:40.120 the numbers may not make a whole lot of difference 0:05:40.200 --> 0:05:42.840 to the Fed. Policymakers have all but said they're in 0:05:42.960 --> 0:05:45.599 line to raise the nation's benchmark lending rate by half 0:05:45.640 --> 0:05:48.760 a percentage point on May fourth. Nevertheless, they will feel 0:05:48.839 --> 0:05:51.400 better if they see a lot of Americans going back 0:05:51.480 --> 0:05:54.719 into the labor force. That would ease pressure on wages 0:05:54.880 --> 0:05:59.960 and therefore on inflation. That's particularly true for manufacturing. Company 0:06:00.160 --> 0:06:03.039 have struggled to find factory workers, leading some to turn 0:06:03.080 --> 0:06:06.479 away business. Michael McKee, Bloomberg Daybreak. All right, Mike, thanks, 0:06:06.560 --> 0:06:08.480 Let's turn to corporate News Now with a focus on 0:06:08.560 --> 0:06:11.800 the world's largest retail site. The push to unionize at 0:06:11.880 --> 0:06:15.440 Amazon is growing. Let's get the latest life from Bloomberg's 0:06:15.520 --> 0:06:18.400 Rnita Young. Good morning, Ranita, Good morning Nathan. The upstart 0:06:18.440 --> 0:06:21.920 Amazon labor union in Staten Island is closer to forming 0:06:22.279 --> 0:06:24.680 workers who want to organize our leading by more than 0:06:24.800 --> 0:06:28.160 three hundred fifty votes out of about twenty hundred, talied 0:06:28.600 --> 0:06:32.920 That count will continue today. Meantime, Amazon were warehouse workers 0:06:32.960 --> 0:06:35.840 in Alabama voted to reject a union in a tight 0:06:36.000 --> 0:06:39.719 race yesterday, but the National Labor Relations Board says about 0:06:39.760 --> 0:06:42.080 a quarter of the votes are challenged and will need 0:06:42.160 --> 0:06:46.080 to be reviewed. Those could potentially change the outcome. Live 0:06:46.120 --> 0:06:49.200 in New York, I'm Nita Young, Bloomberg Daybreak. All right, Granita, 0:06:49.279 --> 0:06:52.599 thank you. And in early trading this morning, rushing shares 0:06:52.680 --> 0:06:56.000 of Game stop moving higher, up fourteen and a half percent. 0:06:56.080 --> 0:06:59.120 The video game retailer plans to ask shareholders for approval 0:06:59.200 --> 0:07:01.200 of a stoch and in the form of a dividend, 0:07:01.560 --> 0:07:06.279 and mirror's recent moves from Amazon, Alphabet and Tesla futures 0:07:06.320 --> 0:07:08.919 this morning are higher. SMP future is up about sixteen 0:07:08.960 --> 0:07:11.920 points down futures up a hundred twenty four Nasday futures 0:07:11.960 --> 0:07:14.640 at forty three and straight ahead your latest local headlines 0:07:14.720 --> 0:07:23.360 plus a check of sports. And this is Bloomberg, Karen, 0:07:23.400 --> 0:07:25.440 thanks to five oh seven on Wall Street. Were fifty 0:07:25.440 --> 0:07:27.760 eight degrees in Central Park. We have a vehicle fire 0:07:27.800 --> 0:07:30.640 on the southbound Garden State Parkway, Newyorks of one thirty five. 0:07:30.680 --> 0:07:33.720 Details coming up in traffic. First Michael Barr with what 0:07:33.840 --> 0:07:35.680 else is going on in New York and around the 0:07:35.720 --> 0:07:40.000 world on this April Fool's Day. Everything's true, of course, Michael, yes, 0:07:40.240 --> 0:07:42.880 it is, Thank you very much, Nathan. A judge has 0:07:43.080 --> 0:07:47.160 ordered New York's Democratic Control legislature to redraw the states 0:07:47.200 --> 0:07:52.360 congressional and legislative districts after finding they were unconstitutional. Judge 0:07:52.360 --> 0:07:55.800 Patrick mcallistairs said in ruling that maps redrawing the state's 0:07:55.840 --> 0:08:01.520 congressional districts were jerrymander to benefit Democrats. Judge mcdallistair gave 0:08:01.640 --> 0:08:04.920 lawmakers until April eleventh to try again. If their new 0:08:05.000 --> 0:08:07.800 maps failed to pass muster in the courts again, the 0:08:07.920 --> 0:08:10.000 judge said he would order the state to pay for 0:08:10.400 --> 0:08:14.840 court approved expert to redraw the maps. The NMPD says 0:08:14.920 --> 0:08:17.640 a twelve year old boy was killed by gunfire as 0:08:17.720 --> 0:08:20.160 he was eating in a parked car in Brooklyn with 0:08:20.280 --> 0:08:23.120 two family members, one of whom was shot and wounded. 0:08:23.520 --> 0:08:27.200 Assistant Chief Michael Kemper said the boy was shot multiple 0:08:27.280 --> 0:08:30.840 times and pronounced dead at the scene. A preliminary investigation 0:08:30.920 --> 0:08:34.360 reveals that the three pulled over in the car to 0:08:34.480 --> 0:08:38.760 eat some food when shots were fired that penetrated their vehicle. 0:08:39.160 --> 0:08:41.480 Kemper said a twenty year old woman in the driver's 0:08:41.559 --> 0:08:44.360 seat was taken to the hospital and is expected to recover. 0:08:44.679 --> 0:08:47.120 An eight year old girl in the back seat was unhurt. 0:08:47.480 --> 0:08:50.559 New York City Mayor Eric Adams, also at the New scofference, 0:08:50.559 --> 0:08:53.240 stressed the importance of getting guns off the streets. The 0:08:53.360 --> 0:08:56.040 question I can see to ask, what about the innocent people? 0:08:56.440 --> 0:08:58.199 What about people us sitting in their cause and his 0:08:58.320 --> 0:09:03.400 shot and kill. We so much about those who are fighting, 0:09:04.120 --> 0:09:05.959 but when are we going to stop fighting for the 0:09:06.000 --> 0:09:08.920 innocent people of this city. Mayor Adams says we need 0:09:09.000 --> 0:09:12.360 everyone to help us in this senseless violence. New Jersey 0:09:12.400 --> 0:09:15.120 Governor Phil Murphy as tested positive for COVID nineteen and 0:09:15.240 --> 0:09:18.959 will isolate for five days. A spokesperson says Murphy is 0:09:19.000 --> 0:09:23.280 asymptomatic and feeling well, but will cancel all events for now. 0:09:24.040 --> 0:09:27.080 Most New Yorkers who worked from home during the pandemic 0:09:27.160 --> 0:09:29.160 plan to cut their time in the office by nearly 0:09:29.240 --> 0:09:33.120 half and spend less money in the city annually. According 0:09:33.200 --> 0:09:36.760 to Stanford economics professor Nicholas Bloom, the average New York 0:09:36.840 --> 0:09:39.600 City office worker would slash annual spending in the city 0:09:39.920 --> 0:09:42.720 by more than sixty seven hundred dollars, down from an 0:09:42.800 --> 0:09:46.719 estimated twelve thousand, five hundred before the pandemic. At the 0:09:46.880 --> 0:09:50.280 conference of the Federal Reserve Bank of New York, Bloom 0:09:50.320 --> 0:09:53.440 said the remote work pushed could cost New York between 0:09:53.559 --> 0:09:57.320 five and ten percent of its city center population. Global 0:09:57.360 --> 0:09:59.199 News twenty four hours a day on air rand on 0:09:59.240 --> 0:10:02.080 Bloomberg Quick eight, powered by more than twenty seven hundred 0:10:02.120 --> 0:10:04.959 journalists and analysts more than a hundred twenty countries. Michael Barr, 0:10:05.040 --> 0:10:11.560 this is Bloomberg. Nathin. All right, Michael, thank you. We're 0:10:11.600 --> 0:10:13.400 coming up to five ten on Wall Street. It's time 0:10:13.440 --> 0:10:16.160 for the Bloomberg Sports Update. Happy Friday, John step Shower, 0:10:16.240 --> 0:10:18.640 and thanks Nathan. Originally, the plan was for Jacob de 0:10:18.720 --> 0:10:20.959 Grand to spend the last day of March on the 0:10:21.000 --> 0:10:23.320 Mountain City Field. Pitch you'd opening day for the Mets Courts. 0:10:23.360 --> 0:10:25.360 Opening day pushed back a week after the lockouts of 0:10:25.440 --> 0:10:28.960 De gram instead was doing some long tossing in Port St. 0:10:29.040 --> 0:10:32.000 Lucy and he felt some tightness in his shoulder, and 0:10:32.160 --> 0:10:35.240 every Mets fan had the same thought, here we go again. 0:10:35.280 --> 0:10:37.839 When de Grand pitches, he's the best there is, but 0:10:37.920 --> 0:10:40.079 so often he doesn't pitch. Missed the second half of 0:10:40.160 --> 0:10:42.640 last seams to len elbow injury. He's likely headed for 0:10:42.679 --> 0:10:44.839 an m r I over Town and Brooklyn. Milwaukee top 0:10:44.880 --> 0:10:48.640 the Nets one nineteen Jana's sons, the Compost scored forty 0:10:48.720 --> 0:10:52.360 four points, Kevin Uran had twenty six Caven twenty five Islanders, 0:10:52.400 --> 0:10:54.880 Big Columbus five to the Devils lost in Boston eight 0:10:55.000 --> 0:10:57.680 to one, the last n I T game at the Garden, 0:10:57.720 --> 0:10:59.240 at least for a while. They are now going to 0:10:59.320 --> 0:11:01.720 move the turn them in around to other cities. Avior 0:11:01.800 --> 0:11:04.040 top Texas, A and M in a game with seventeen 0:11:04.160 --> 0:11:07.760 league changes, seventy three seventy two. Women's Final four starts 0:11:07.800 --> 0:11:11.199 tonight in Minneapolis, the men tomorrow in New Orleans. Four 0:11:11.280 --> 0:11:13.840 days after coaching St. Peter's in the n C Double 0:11:13.880 --> 0:11:16.760 A Elite, h Jaheen Holloway introduced as the new coach 0:11:16.840 --> 0:11:20.000 at Keaton Hall. I hope you guys are ready to work. 0:11:20.800 --> 0:11:22.960 I hope you gots are ready to work, because that's 0:11:22.960 --> 0:11:26.199 bla blah blah blah bla work blah Hallward, no shortcuts, 0:11:26.280 --> 0:11:28.360 no nothing. I hope you guys are to work. I 0:11:28.480 --> 0:11:32.240 know I'll watch his team while I know what you 0:11:32.320 --> 0:11:35.480 think to do. So after this meet and after this 0:11:35.679 --> 0:11:37.480 press office or the thing, will you need to go 0:11:37.840 --> 0:11:40.840 understand what's gonna take to be played for me? Understand 0:11:40.920 --> 0:11:43.120 the traditions of seta Hall. University needs to seton Hall. 0:11:43.200 --> 0:11:46.520 Along all of Halloway. St. Peter's players attended the presser 0:11:46.600 --> 0:11:49.120 in South Orange. They gave their former coach a standardization. 0:11:49.440 --> 0:11:52.520 John Stash were Bloomberg sports all right, John, thank you 0:11:52.679 --> 0:11:54.840 right now. S and P futures are up fifteen point, 0:11:54.880 --> 0:11:57.640 staff futures up a hundred twenty two. Nastack futures are 0:11:57.720 --> 0:12:00.640 higher by forty four points. As we get ready for 0:12:00.720 --> 0:12:03.880 the first trading day of the second quarter. This is Bloomberg. 0:12:07.280 --> 0:12:09.840 Bloomberg eleven three weather. Partial sun today with a high 0:12:09.840 --> 0:12:12.320 near sixty degrees. That will be probably mostly sunny, mid 0:12:12.400 --> 0:12:15.679 fifties tomorrow, chance for a few showers by Sunday. Otherwise 0:12:15.720 --> 0:12:17.760 more clouds than sun and highs in the low fifties 0:12:17.840 --> 0:12:23.119 right now fifty eight degrees in Central Park. Markets. Headlines 0:12:23.200 --> 0:12:26.199 and breaking news twenty four hours a day at Bloomberg 0:12:26.240 --> 0:12:29.640 dot com, the Bloomberg Business at and at Bloomberg Quicktape. 0:12:29.840 --> 0:12:39.240 This is a Bloomberg business clash and I'm Karen Moscow. 0:12:39.360 --> 0:12:42.440 European stocks in US stock Index futures are rising as 0:12:42.480 --> 0:12:46.760 investors evaluate the economic outlook amid moderating oil prices, tightening 0:12:46.800 --> 0:12:50.760 federal reserve monetary policy, and Rush's war in Ukraine. Europe 0:12:50.760 --> 0:12:53.280 Stock six hundred is gaining after its worst quarter since 0:12:53.320 --> 0:12:57.240 the pandemic bear market, while technology shares fall. US Dot 0:12:57.320 --> 0:12:59.960 Index futures are higher. We check the markets every fifty 0:13:00.120 --> 0:13:02.640 minutes throughout the trading day on bloomberg s and p 0:13:02.800 --> 0:13:05.200 Future is a fifteen points down, futures of A hundred 0:13:05.240 --> 0:13:07.880 twenty four and NASDAG future is up forty two. The 0:13:08.000 --> 0:13:10.719 decks in Germany is little changed and your treasury down 0:13:10.760 --> 0:13:13.920 eighteen thirty seconds yield two point four zero percent. They 0:13:14.000 --> 0:13:16.120 yield on the two year two point three eight percent. 0:13:16.600 --> 0:13:19.040 Nive X screwed oil is up half percent or fifty 0:13:19.080 --> 0:13:21.040 seven cents at a hundred dollars eighty six cents of 0:13:21.120 --> 0:13:24.000 barrel comics gold is down three quarters of a percent, 0:13:24.120 --> 0:13:26.800 or fourteen dollars fifty cents. In nineteen thirty nine, fifty 0:13:26.840 --> 0:13:29.800 announced the euro one point one zero five two against 0:13:29.840 --> 0:13:32.199 the dollar, British bound one point three one to seven, 0:13:32.520 --> 0:13:34.880 the ends at one twenty two point four four and 0:13:34.960 --> 0:13:38.720 bitcoins lower down one point four percent at forty five thousand, 0:13:38.800 --> 0:13:41.439 one hundred ten dollars. And today we are watching for 0:13:41.480 --> 0:13:44.080 the March jobs report at eight thirty well straight time, 0:13:44.240 --> 0:13:48.320 and Eurozone inflation accelerated to another all time high, March 0:13:48.400 --> 0:13:51.000 consumer prices surging seven and a half percent from a 0:13:51.120 --> 0:13:53.920 year ago, up from five point nine percent in February. 0:13:54.200 --> 0:13:56.559 That's a Bloomberg business flash. Now here's Michael Barr with 0:13:56.679 --> 0:13:59.280 more on what's going on around the world. Uncle, Good morning, 0:13:59.600 --> 0:14:03.040 Good morning, Karin. And Russia claims Ukrainian forces have attacked 0:14:03.080 --> 0:14:06.880 a fuel depot across the border inside of Russia. If confirmed, 0:14:06.920 --> 0:14:09.400 it would be the first Ukrainian air strike on Russian 0:14:09.480 --> 0:14:13.400 soil since the war started. Meanwhile, Ukrainian authorities say Russian 0:14:13.480 --> 0:14:17.800 troops have left the heavily contaminated Chernobyl nuclear site. It 0:14:17.960 --> 0:14:20.880 comes as Russia confirms video talks will resume today with 0:14:21.040 --> 0:14:26.000 Ukraine video video links. The European Union will seek China's 0:14:26.040 --> 0:14:30.680 assurances that it won't assist Russia in circum banning economic 0:14:30.760 --> 0:14:33.680 sanctions leveled over the invasion of Ukraine and an annual 0:14:33.720 --> 0:14:36.760 summit today. In the NBA, the Nets lost. In the NHL, 0:14:36.800 --> 0:14:39.280 the Bruins put on what For and Why Weapon? On 0:14:39.400 --> 0:14:43.400 the Devil's eight one, the Islanders one. Global news twenty 0:14:43.440 --> 0:14:46.640 four hours a day on air and on Bloomberg Quicktake, 0:14:46.880 --> 0:14:49.560 powered by more than the journalists and analysts more than 0:14:49.560 --> 0:14:52.280 a hundred twenty countries. Hi, Michael bar this is Bloomberg Nather. 0:14:52.600 --> 0:14:54.440 That's not in April full scar is it might go 0:14:55.160 --> 0:14:57.880 not at all for the uninitiated. Eight one is rather 0:14:58.000 --> 0:15:00.680 lopsided in hockey, all right, thank you very much for that. 0:15:00.720 --> 0:15:02.520 It's coming up to five twenty on Wall Street Live 0:15:02.560 --> 0:15:06.600 from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak 0:15:06.640 --> 0:15:09.320 and its signs that the tables maybe turning in the 0:15:09.360 --> 0:15:12.480 war in Ukraine. Let's get the Washington perspective now, more 0:15:12.560 --> 0:15:16.080 than a month since the Russian invasion. Bloomberg Government reporter 0:15:16.160 --> 0:15:19.840 Emily Wilkins joins US now from the nation's capital. Emily, 0:15:20.000 --> 0:15:23.760 good morning. As we heard, uh, Russia is now saying 0:15:23.840 --> 0:15:28.360 that Ukraine has actually targeted an oil facility in its territory, 0:15:28.440 --> 0:15:32.440 the first cross border action in this war. What's the 0:15:32.560 --> 0:15:36.040 White House assessment of how things are going against Russia? 0:15:36.680 --> 0:15:38.440 And I think we're definitely gonna learn a little bit 0:15:38.480 --> 0:15:41.480 more about this as you know, Washington continues to wake 0:15:41.600 --> 0:15:45.000 up and see reports about these helicopters making this really 0:15:45.120 --> 0:15:49.120 rare cross border move and to attack an oil storage facility. UM. 0:15:49.240 --> 0:15:52.480 I think really at this point you have seen wide 0:15:52.600 --> 0:15:57.320 ranging bipartisan support on behalf of Ukraine, that Ukraine is 0:15:57.400 --> 0:15:59.600 the victim here, that they were the one attacked, and 0:15:59.680 --> 0:16:02.200 that they are doing everything that they need to sort 0:16:02.240 --> 0:16:05.480 of keep keep their people safe and and keep going 0:16:05.680 --> 0:16:08.120 as a as a country and as a democracy. UM. 0:16:08.240 --> 0:16:10.400 But definitely this will be something to watch throughout the 0:16:10.520 --> 0:16:14.560 day exactly what the response here is and how, if 0:16:14.640 --> 0:16:17.640 at all, this might change request for aid requests for 0:16:17.760 --> 0:16:21.440 weapons um. Right now, the Biden administration is considering that 0:16:21.640 --> 0:16:25.680 half billion to Ukraine in funding an additional aid um 0:16:26.120 --> 0:16:28.760 that would be humanitarian as well as military. And we're 0:16:28.760 --> 0:16:32.280 seeing Congress continue to discuss sanctions on Russia as well. 0:16:32.680 --> 0:16:35.920 So definitely still a lot of activity in Washington in 0:16:36.040 --> 0:16:38.680 support of Ukraine. And it's been very interesting Emily as 0:16:38.720 --> 0:16:41.840 well to hear President Biden get even more candid about 0:16:41.920 --> 0:16:45.760 how he thinks things are being perceived by Russian President 0:16:45.960 --> 0:16:50.760 Vladimir Putin, this idea that the president may be self isolated, 0:16:50.920 --> 0:16:55.200 maybe misled by his own advisors. What's the advantage for 0:16:55.840 --> 0:16:59.480 President Biden to put out this kind of speculation, as 0:16:59.600 --> 0:17:03.600 he him self terms it, about how Putin is perceiving things. Sure, 0:17:03.680 --> 0:17:06.240 and I do want to just note here that the 0:17:06.320 --> 0:17:08.320 President did say that he didn't want to put too 0:17:08.440 --> 0:17:10.400 much stock in it at this time because we don't 0:17:10.440 --> 0:17:13.119 have that much hard evidence that these advisors are now 0:17:13.320 --> 0:17:15.879 under house arrest. But it really kind of shows this 0:17:16.080 --> 0:17:20.520 isolation of Putin, and it would suggest, if it is correct, 0:17:20.920 --> 0:17:24.159 that perhaps there have been some cracks within Putin's inner circle, 0:17:24.200 --> 0:17:27.080 which was the Bowl of sanctioning some of these Oldgarks 0:17:27.119 --> 0:17:30.439 and other people that were supposedly close with Putin. I mean, 0:17:30.520 --> 0:17:33.200 the idea for things like that is that by hitting 0:17:33.280 --> 0:17:35.560 people close to Putin, then they will put pressure on 0:17:35.640 --> 0:17:38.880 Putin to either change course or you know, potentially take 0:17:39.000 --> 0:17:42.240 other actions. And so I think at this point that's 0:17:42.320 --> 0:17:44.520 kind of the impression that the White House wants to give. 0:17:44.800 --> 0:17:46.679 It is coming at a point where there also has 0:17:46.720 --> 0:17:49.320 been reporting that a number of Algarks have not been 0:17:49.400 --> 0:17:52.639 sanctioned in Russia and that the sanctioned system is not 0:17:52.800 --> 0:17:55.159 perhaps as strong as it could be, that there's not 0:17:55.280 --> 0:17:59.200 a ton of coordination between who's being sanctioned by which countries. Uh, 0:17:59.600 --> 0:18:02.040 And I think this might be sort of a way 0:18:02.359 --> 0:18:05.000 for the Biden administration to kind of emphasize that these 0:18:05.040 --> 0:18:09.160 sanctions do but are potentially doing something. And speaking of pressure, 0:18:09.240 --> 0:18:11.520 I think it's safe to say that the president's feeling 0:18:11.640 --> 0:18:15.120 some pressure when it comes to inflation, with this announcement 0:18:15.200 --> 0:18:18.359 that there's going to be this pretty huge, though long 0:18:18.640 --> 0:18:23.360 slow release from the Strategic Reserve. Yeah, he is absolutely 0:18:23.440 --> 0:18:26.800 feeling pressure, There's no question about it, from within his 0:18:26.880 --> 0:18:29.640 own party, which is already facing a very tough mid term. 0:18:30.119 --> 0:18:33.080 You know, Nathan, Historically, if if you're the party that's 0:18:33.160 --> 0:18:35.280 in power, that's saying in the White House, mid terms 0:18:35.320 --> 0:18:37.920 are not good for you, and they just get worse. 0:18:38.040 --> 0:18:40.960 The worse are a president's approval rating gets. And part 0:18:41.000 --> 0:18:43.919 of that is side to oil and gas prices. Americans 0:18:44.000 --> 0:18:46.560 do blame Biden more so than they do putin or 0:18:46.600 --> 0:18:49.440 big oil companies for the spike in prices, and so 0:18:49.600 --> 0:18:51.600 this is a way for Biden to try and send 0:18:51.640 --> 0:18:54.080 the message that he is doing something to be active 0:18:54.119 --> 0:18:56.280 in it. I think there is a question of exactly 0:18:56.400 --> 0:18:59.520 how much that might ultimately wind up lowering gas prices. 0:18:59.640 --> 0:19:02.840 We did didn't see huge drops um last year when 0:19:02.880 --> 0:19:06.480 President Biden also tapped the strategic reserves. So I think 0:19:06.520 --> 0:19:08.600 that's a serve of a question about what will happen next. 0:19:08.840 --> 0:19:11.359 We also know that in the House and in the Senate, 0:19:11.640 --> 0:19:14.720 Democrats are startings who look at bills that could potentially 0:19:14.760 --> 0:19:17.560 reduce the price and oil and start discussing it. UH 0:19:17.600 --> 0:19:20.960 Speaker Nancy Pelosi yesterday dismissed the idea that there would 0:19:21.000 --> 0:19:23.680 be a holiday from the gas tax because she's worried 0:19:23.720 --> 0:19:26.240 the savings would not be passed down from oil companies 0:19:26.280 --> 0:19:30.040 to consumers. But she mentioned potentially a windfall tax um. 0:19:30.160 --> 0:19:32.440 There's been some other things that have been considered in 0:19:32.600 --> 0:19:36.200 terms of putting pressure on oil companies to lower their prices. 0:19:36.720 --> 0:19:38.439 Thanks for this, Emily, good having you on with us. 0:19:38.440 --> 0:19:41.080 Bloomberg Government reporter Emily Wilkins for our ninety nine one 0:19:41.160 --> 0:19:44.160 studios in Washington, d C. Just taking a quick look 0:19:44.200 --> 0:19:46.359 at oil right now. It's starting to move up with 0:19:47.040 --> 0:19:50.680 nimex screwed up seven tenths percent above a hundred dollars 0:19:50.720 --> 0:19:52.760 of barrel now at a hundred dollars nine two cents 0:19:52.800 --> 0:19:55.840 and brents at a hundred five sixty. Future is moving 0:19:55.960 --> 0:19:57.800 higher as well as we get ready for the first 0:19:57.880 --> 0:20:01.840 trading day of the second quarter. You're listening to Bloomberg 0:20:02.000 --> 0:20:09.439 Daybreak Bloomberg eleventh, three oh weather showers a good way 0:20:09.440 --> 0:20:12.600 to partial sunshine today with higher sixty degrees, mid fifties, 0:20:12.680 --> 0:20:16.200 partly mostly sunny Tomorrow, more clouds than sun Sunday with 0:20:16.320 --> 0:20:18.679 highs in the low fifties. Right now, showers in fifty 0:20:18.760 --> 0:20:24.280 seven degrees in Central Park. Broadcasting live from the Bloomberg 0:20:24.359 --> 0:20:27.880 Interactive Broker Studio in New York, Bloomberg E living free 0:20:28.200 --> 0:20:32.239 to Washington, d C. Bloomberg on to Boston, Bloomberg one 0:20:32.280 --> 0:20:35.440 A six one to San Francisco, Bloomberg non sixteen to 0:20:35.560 --> 0:20:39.119 the country, Sirius XM. Gentle one nineteen and around the globe, 0:20:39.240 --> 0:20:43.200 the Bloomberg Business and Bloomberg Radio dot Com. This is 0:20:43.240 --> 0:20:51.880 Bloomberg Daybreak. It's my thirty on Wall Street. Good morning. 0:20:51.920 --> 0:20:54.680 I'm Nathan Hagard and I'm Karen Moscow. We are just 0:20:54.800 --> 0:20:57.399 about four hours away from the open of US trading. 0:20:57.480 --> 0:20:58.760 Let's get you up to date on the news you 0:20:58.840 --> 0:21:00.720 need to know at this Shower of the tables may 0:21:00.760 --> 0:21:03.960 be turning in the war in Ukraine. Russia says to 0:21:04.320 --> 0:21:08.440 Ukrainian helicopters hit a Russian oil tank facility, and Ukraine 0:21:08.520 --> 0:21:12.160 says it's retaken territory in the Curson and Turnative regions. 0:21:12.480 --> 0:21:15.320 President Biden says the war is not going well for 0:21:15.480 --> 0:21:18.960 Vladimir Putin. I'm not saying this was a certainty. He 0:21:19.080 --> 0:21:22.840 seems to be self isolated, and there's some indication that 0:21:23.000 --> 0:21:26.760 he has um fired or put under house arrest some 0:21:26.880 --> 0:21:30.240 of his advisors. President Biden cautions, though that there's not 0:21:30.440 --> 0:21:33.679 much hard evidence on that talks between Ukraine and Russia 0:21:33.680 --> 0:21:36.920 are set to resume by video today. Meantime, carrying the 0:21:36.960 --> 0:21:40.280 White House decision to release US strategic oil reserves has 0:21:40.400 --> 0:21:43.000 crewed on track for its biggest weekly loss in almost 0:21:43.040 --> 0:21:47.680 two years. After dropping seven percent yesterday, oils up this morning. 0:21:47.760 --> 0:21:50.320 Russ Texas Intermediates hired by six tenths per cent, or 0:21:50.400 --> 0:21:53.640 sixty seven cents at a hundred dollars cents of barrel. 0:21:53.880 --> 0:21:56.160