1 00:00:01,880 --> 00:00:05,080 Speaker 1: Live from the Bloomberg Interactive Workers studios. Is It's Bloomberg 2 00:00:05,160 --> 00:00:09,320 Speaker 1: Daybreak for Monday, February fourteenth two. Coming up this hour, 3 00:00:09,560 --> 00:00:13,920 Speaker 1: stock slide as geopolitical risks over Ukraine ripple through global markets. 4 00:00:14,040 --> 00:00:16,120 Speaker 1: We take you to Europe and Asia for the latest 5 00:00:16,160 --> 00:00:18,640 Speaker 1: market moves. The Fed takes a measured tone, with one 6 00:00:18,680 --> 00:00:21,200 Speaker 1: official saying great heights should be dated dependent and the 7 00:00:21,280 --> 00:00:24,040 Speaker 1: latest reasons why white paller workers do not want to 8 00:00:24,040 --> 00:00:27,160 Speaker 1: return to the office full time. New York subway ridership 9 00:00:27,200 --> 00:00:29,960 Speaker 1: is rebounding after a drop from Omicron. Plus the Bible 10 00:00:30,040 --> 00:00:33,519 Speaker 1: crossing between the US and Canada has reopened. I'm Michael 11 00:00:33,520 --> 00:00:37,080 Speaker 1: bark More Ahead, I'm John Stasharon. Sports super Bowl fifty 12 00:00:37,159 --> 00:00:39,200 Speaker 1: six in l A. The Rams with a fourth quarter 13 00:00:39,280 --> 00:00:45,440 Speaker 1: touchdown drive they beat the Bengals. That's all straight ahead 14 00:00:45,520 --> 00:00:49,240 Speaker 1: on Bloomberg day Break on Bloomberg Element Tree on New York, 15 00:00:49,400 --> 00:00:54,120 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 16 00:00:54,280 --> 00:00:58,800 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 17 00:00:59,160 --> 00:01:01,880 Speaker 1: and around the world. Old on Bloomberg Radio dot Com 18 00:01:02,000 --> 00:01:08,880 Speaker 1: and via the Bloomberg Business Set. And Good Morning I'm 19 00:01:08,959 --> 00:01:12,000 Speaker 1: Karen Moscow. I'm Nathan Haygar. Bloomberg Daybreak brought to you 20 00:01:12,040 --> 00:01:15,160 Speaker 1: by Interactive Brokers Global Analysts that helps you find new 21 00:01:15,319 --> 00:01:19,600 Speaker 1: global investment opportunities. To diversify your portfolio and discover undervalued 22 00:01:19,640 --> 00:01:22,720 Speaker 1: companies that may have greater growth potential. Try IBK our 23 00:01:22,760 --> 00:01:25,920 Speaker 1: Global Analysts today at ib k R dot com, slash 24 00:01:26,000 --> 00:01:29,280 Speaker 1: g A and global stocks are tumbling this morning six 25 00:01:29,280 --> 00:01:31,160 Speaker 1: o one on Wall Street. We checked the markets every 26 00:01:31,160 --> 00:01:33,720 Speaker 1: fifteen minutes throughout the trading day on Bloomberg. S and 27 00:01:33,760 --> 00:01:37,560 Speaker 1: P futures down now features down two hundred thirty eight 28 00:01:37,560 --> 00:01:40,800 Speaker 1: and nasday futures down one forty six. And attend your 29 00:01:40,800 --> 00:01:44,160 Speaker 1: treasury up five thirty seconds. The yield one nine per cent. 30 00:01:44,280 --> 00:01:46,959 Speaker 1: Nathan Well, Karen. These dramatic moves in markets come as 31 00:01:46,959 --> 00:01:50,600 Speaker 1: tensions built between Russia and Ukraine. Moscow's military build up 32 00:01:50,600 --> 00:01:53,200 Speaker 1: near the border means this could be a decisive week 33 00:01:53,240 --> 00:01:55,720 Speaker 1: in the conflict. Amy Morris has the latest from our 34 00:01:55,760 --> 00:01:59,920 Speaker 1: Bloomberg newsroom in Washington. Vladimir Putin says the US has 35 00:02:00,080 --> 00:02:02,520 Speaker 1: failed to meet his demands. The U s warrens and 36 00:02:02,600 --> 00:02:06,760 Speaker 1: invasion is imminent. National Security Advisor Jake Sullivan told CBS 37 00:02:06,800 --> 00:02:09,320 Speaker 1: has faced the nation. There's a possibility there will be 38 00:02:09,360 --> 00:02:12,480 Speaker 1: a major military action very soon. They could launch a 39 00:02:12,520 --> 00:02:16,280 Speaker 1: military action essentially at any time. They could do so 40 00:02:16,360 --> 00:02:20,200 Speaker 1: this coming week, but of course it still awaits the 41 00:02:20,280 --> 00:02:23,560 Speaker 1: gull order. Sullivan says Putin could move before the Winter 42 00:02:23,639 --> 00:02:27,800 Speaker 1: Olympics and February. President Biden spoke with Putin for a 43 00:02:27,800 --> 00:02:30,720 Speaker 1: little more than an hour on Saturday, with no real progress. 44 00:02:30,960 --> 00:02:35,600 Speaker 1: Russia repeatedly denies any intention of invading Ukraine. In Washington, 45 00:02:35,680 --> 00:02:38,920 Speaker 1: I maymy Morris Bloomberg Daybreak, Amy, thank your reaction pouring 46 00:02:38,960 --> 00:02:42,400 Speaker 1: into the potential conflict over Ukraine. Harry L. Cooper, a 47 00:02:42,520 --> 00:02:45,960 Speaker 1: senior fellow at the Atlantic Council, says an invasion looks imminent. 48 00:02:46,320 --> 00:02:49,200 Speaker 1: We do not give puting what he wants. I think 49 00:02:49,200 --> 00:02:53,320 Speaker 1: he will invade Ukraine. He hasn't excused his demands are 50 00:02:53,720 --> 00:02:57,720 Speaker 1: impossible to fulfill, such as rolling back native to the 51 00:02:57,800 --> 00:03:03,720 Speaker 1: lines of and I think he deliberately demanded such harsh 52 00:03:03,800 --> 00:03:08,160 Speaker 1: demands in order to have their pretext the castle's belly 53 00:03:08,280 --> 00:03:11,160 Speaker 1: to invade U create. That is Ariel Cohen with the 54 00:03:11,200 --> 00:03:14,240 Speaker 1: Atlantic Council, who says Russia has denied plans to attack. 55 00:03:14,520 --> 00:03:17,160 Speaker 1: The White House is threatening sweeping sanctions in response to 56 00:03:17,200 --> 00:03:20,400 Speaker 1: any incursion. Well the tensions over Ukraine, Karen have stocked 57 00:03:20,400 --> 00:03:23,960 Speaker 1: selling off this morning. Overnight equities in Asia slid for 58 00:03:24,000 --> 00:03:27,280 Speaker 1: a second session. Let's get the recap from Bloomberg's Juliette 59 00:03:27,280 --> 00:03:30,160 Speaker 1: Sally in Singapore. Good morning, Juliette, Good morning, Nathan and Karen. 60 00:03:30,200 --> 00:03:32,760 Speaker 1: The m c I Asia Pacific Index fell over one percent. 61 00:03:32,960 --> 00:03:35,920 Speaker 1: Japanese stocks among the worst performers as they played catch 62 00:03:36,000 --> 00:03:38,400 Speaker 1: up following a three day weekend. Then a KTU to 63 00:03:38,560 --> 00:03:41,240 Speaker 1: five was down by two point three in Tokyo Johanna 64 00:03:41,280 --> 00:03:43,160 Speaker 1: c s I three hundred, and the equity market in 65 00:03:43,200 --> 00:03:46,520 Speaker 1: Hong Kong, which is also facing a COVID outbreak, traded 66 00:03:46,600 --> 00:03:49,160 Speaker 1: in the red. Energy stocks so but the trend across 67 00:03:49,160 --> 00:03:51,840 Speaker 1: the region climbing as oil added to an eight week 68 00:03:51,920 --> 00:03:54,400 Speaker 1: winning run, and the Bank of Japan intervened in the 69 00:03:54,440 --> 00:03:56,640 Speaker 1: bond market to put a cap on ten year yields, 70 00:03:56,640 --> 00:03:59,320 Speaker 1: which had risen to a six year high, by offering 71 00:03:59,360 --> 00:04:02,280 Speaker 1: to buy an un limited amount of five to ten 72 00:04:02,360 --> 00:04:06,280 Speaker 1: year in Singapore. Juliette Sally, Bloomberg Daybreak, Juliette, thank you, 73 00:04:06,320 --> 00:04:09,280 Speaker 1: stocks in Europe this morning are under even more pressure. 74 00:04:09,320 --> 00:04:11,000 Speaker 1: We go to Live to London and get the latest 75 00:04:11,000 --> 00:04:14,200 Speaker 1: of the Bloomberg's Max Ramsey, Good morning, Max, Good morning 76 00:04:14,280 --> 00:04:17,320 Speaker 1: Karen and Nathan. Yes, we're seeing real reverberations across the 77 00:04:17,320 --> 00:04:20,920 Speaker 1: European assets amid this tense geopolitical situation. The mood in 78 00:04:20,960 --> 00:04:23,880 Speaker 1: Europe very much risk off. We fall two point six 79 00:04:23,880 --> 00:04:26,279 Speaker 1: percent on these stock six hundred foot see one hundred 80 00:04:26,320 --> 00:04:28,760 Speaker 1: here in the UK, the best performer among the major 81 00:04:28,800 --> 00:04:31,800 Speaker 1: European industries, but still down one point nine percent. The 82 00:04:31,880 --> 00:04:34,160 Speaker 1: decks in Germany down three point one percent, and the 83 00:04:34,240 --> 00:04:37,560 Speaker 1: cat arent leading losses down three point three percent, so 84 00:04:37,640 --> 00:04:39,520 Speaker 1: catching up with the losses we saw in the US 85 00:04:39,600 --> 00:04:43,200 Speaker 1: on Friday. In the equity markets bonds, also following Friday's 86 00:04:43,320 --> 00:04:45,919 Speaker 1: US action, we see a bid for European sovereigns. The 87 00:04:45,960 --> 00:04:48,680 Speaker 1: yields on the gender to the German tenure Bund falling 88 00:04:48,720 --> 00:04:51,960 Speaker 1: eight basis points point to one nine percent there, and 89 00:04:52,000 --> 00:04:54,560 Speaker 1: the tenure guilt yield falling five basis points one point 90 00:04:54,600 --> 00:04:57,560 Speaker 1: five percent. The yield on the tenure guilt Live in London, 91 00:04:57,640 --> 00:05:00,719 Speaker 1: Max Ramsey, Bloomberg Daybreak. Okay, Max, thanks for also seeing jail. 92 00:05:00,760 --> 00:05:03,360 Speaker 1: Political tensions have an impact on energy markets. At one 93 00:05:03,360 --> 00:05:05,919 Speaker 1: point this morning, crewed rallied more than one percent, at 94 00:05:05,960 --> 00:05:08,599 Speaker 1: its highest level in eight years. Right now, both Nimex 95 00:05:08,640 --> 00:05:11,000 Speaker 1: and Brent Cruder up two tenths per cent. West Texas 96 00:05:11,040 --> 00:05:14,039 Speaker 1: Intermediates at ninety seven cents of barrel, Brent is at 97 00:05:14,839 --> 00:05:17,840 Speaker 1: sixty well Nathan Ukraine tensions are dealing another blow to 98 00:05:17,920 --> 00:05:20,919 Speaker 1: markets that are already skittish about inflation and interest rates. 99 00:05:20,920 --> 00:05:23,320 Speaker 1: Forecast call for as many as seven rate highs from 100 00:05:23,320 --> 00:05:26,080 Speaker 1: the Fed this year. San Francisco FED President Mary Daly 101 00:05:26,160 --> 00:05:29,080 Speaker 1: says the Central Bank needs to be measured in its approach. 102 00:05:30,080 --> 00:05:34,599 Speaker 1: What I would favor is moving in March and then watching, measuring, 103 00:05:34,920 --> 00:05:37,520 Speaker 1: being very careful about what we see ahead of us, 104 00:05:37,720 --> 00:05:40,440 Speaker 1: and then taking the next interest rate increase when it 105 00:05:40,480 --> 00:05:42,880 Speaker 1: seems the best place to do that, and that could 106 00:05:42,920 --> 00:05:46,080 Speaker 1: be in the next meeting or could be a meeting away. 107 00:05:46,440 --> 00:05:48,880 Speaker 1: And San Francisco Fed President Mary Daily made the comments 108 00:05:48,880 --> 00:05:51,120 Speaker 1: on Face the Nation from CBS, and you can hear 109 00:05:51,160 --> 00:05:54,400 Speaker 1: the program every Sunday right here on Bloomberg Radio. Oh 110 00:05:54,480 --> 00:05:57,400 Speaker 1: Karen is COVID cases ease across the country. Back to 111 00:05:57,440 --> 00:05:59,880 Speaker 1: the office plans are coming back, But it turns out 112 00:05:59,880 --> 00:06:02,520 Speaker 1: a growing number of white collar workers do not want 113 00:06:02,560 --> 00:06:04,960 Speaker 1: to return to their desks full time. Let's get the 114 00:06:05,000 --> 00:06:07,719 Speaker 1: details live from Bloomberg's Real need a young Good morning Granita, 115 00:06:07,800 --> 00:06:10,880 Speaker 1: Good morning Nathan. Just three percent of white collar workers 116 00:06:10,880 --> 00:06:13,159 Speaker 1: want to return to the office five days a week. 117 00:06:13,520 --> 00:06:17,880 Speaker 1: That's according to a poll by management consultancy Advanced Workplace Associates, 118 00:06:18,120 --> 00:06:22,200 Speaker 1: which warrants employees will quit if companies force them back 119 00:06:22,240 --> 00:06:25,720 Speaker 1: full time. Eight six percent of the ten thousand employees 120 00:06:25,760 --> 00:06:28,160 Speaker 1: polled globally want to work from home at least two 121 00:06:28,240 --> 00:06:30,560 Speaker 1: days a week. People from all age groups at a 122 00:06:30,560 --> 00:06:33,920 Speaker 1: broad range of industries felt the same way it. Advanced 123 00:06:33,960 --> 00:06:38,000 Speaker 1: Workplace Associates managing director Andrew Mawson says bosses who are 124 00:06:38,040 --> 00:06:42,760 Speaker 1: not sensitive to their employees needs will suffer. Accordingly, Live 125 00:06:42,760 --> 00:06:45,239 Speaker 1: in New York. I'm gonna need a Young Bloomberg daybreak, 126 00:06:45,279 --> 00:06:47,679 Speaker 1: all right, we need a thanks right now. SMP futures 127 00:06:47,680 --> 00:06:50,360 Speaker 1: are down thirty nine point, staff futures down two undred 128 00:06:50,440 --> 00:06:52,880 Speaker 1: sixty five. Dance Act futures are lower by a hundred 129 00:06:52,920 --> 00:06:55,360 Speaker 1: sixty one points. The decks in Germany is down three 130 00:06:55,400 --> 00:06:57,760 Speaker 1: point one percent. The cat in Paris lower by three 131 00:06:57,800 --> 00:07:00,680 Speaker 1: point three percent. Sen Your Treasure three is up five 132 00:07:00,720 --> 00:07:04,440 Speaker 1: thirty seconds, the yield one point nine comic scold up 133 00:07:04,440 --> 00:07:07,000 Speaker 1: three quarters of one percent, up thirteen dollar sixty cents 134 00:07:07,000 --> 00:07:09,880 Speaker 1: at eighteen fifty five seventy an ounce, and right now 135 00:07:09,880 --> 00:07:13,480 Speaker 1: Bitcoin is trading at about forty two thousand, two hundred dollars. 136 00:07:13,480 --> 00:07:16,320 Speaker 1: Straight Ahead will have your latest local headlines, plus a 137 00:07:16,440 --> 00:07:23,640 Speaker 1: check of Super Bowl fifty six. This is Bloomberg at 138 00:07:23,640 --> 00:07:26,320 Speaker 1: six oh seven on Wall Street, Worth seventeen degrees in 139 00:07:26,400 --> 00:07:28,960 Speaker 1: Central Park. Heads up if you're headed to JFK Airport, 140 00:07:29,000 --> 00:07:31,800 Speaker 1: there's an accident the southbound van Wicke at Liberty Avenue. 141 00:07:32,240 --> 00:07:34,040 Speaker 1: Michael barrs here with what else is going on in 142 00:07:34,040 --> 00:07:36,360 Speaker 1: New York and around the world. Good morning, Michael, Good 143 00:07:36,360 --> 00:07:38,880 Speaker 1: morning nin Than. Transit officials in New York are hoping 144 00:07:38,880 --> 00:07:42,120 Speaker 1: a recent uptick and subway ridership is a sign that 145 00:07:42,160 --> 00:07:45,400 Speaker 1: the city is bouncing back from the omicron surge. The 146 00:07:45,520 --> 00:07:48,520 Speaker 1: m g A reported subway ridership top three million for 147 00:07:49,000 --> 00:07:51,600 Speaker 1: three days in a row last week. It was the 148 00:07:51,600 --> 00:07:54,520 Speaker 1: first time that had happened since the omicron wave hit 149 00:07:54,560 --> 00:07:58,280 Speaker 1: New York in mid December. Weekday ridership regular late top 150 00:07:58,320 --> 00:08:02,600 Speaker 1: five point five million before COVID nineteen. A vital commerce 151 00:08:02,680 --> 00:08:07,320 Speaker 1: crossing between Detroit and Windsor, Ontario has reopened. A truck 152 00:08:07,480 --> 00:08:10,560 Speaker 1: blockade had closed the Ambassador Bridge for about a week. 153 00:08:10,840 --> 00:08:13,960 Speaker 1: Windsor Police Chief Pamela Mazzuno says about a dozen people 154 00:08:14,000 --> 00:08:17,160 Speaker 1: were arrested. Any unlawful activity in the area will not 155 00:08:17,240 --> 00:08:20,160 Speaker 1: be tolerated and officers will take the necessary action to 156 00:08:20,280 --> 00:08:23,360 Speaker 1: keep the peace and traffic flowing. There will be criminal 157 00:08:23,400 --> 00:08:26,640 Speaker 1: consequences for those who interfere with or entrupt traffic flow. 158 00:08:27,080 --> 00:08:30,640 Speaker 1: Chief Maszuno also says they seized five vehicles and towed 159 00:08:30,680 --> 00:08:35,600 Speaker 1: seven more. Protesters were demonstrating over vaccine rules. Albuquerque police 160 00:08:35,640 --> 00:08:38,680 Speaker 1: say they have arrested demand suspected of stabbing eleven people 161 00:08:38,720 --> 00:08:41,960 Speaker 1: in the city. The apparent random incidents were reported at 162 00:08:42,040 --> 00:08:45,280 Speaker 1: multiple locations. Police say the suspect rode a bike and 163 00:08:45,400 --> 00:08:48,760 Speaker 1: was armed with a large knife. Senator Lindsay Graham says 164 00:08:48,800 --> 00:08:51,600 Speaker 1: that he is moving forward from the January sixth Capital 165 00:08:51,679 --> 00:08:56,040 Speaker 1: riot and the elections. Graham is instead focusing on the 166 00:08:56,120 --> 00:09:00,520 Speaker 1: twenty two mid terms. I am not contesting the election. 167 00:09:00,840 --> 00:09:03,640 Speaker 1: I like to reform the system, the problems we found 168 00:09:03,640 --> 00:09:07,560 Speaker 1: in need to be addressed, but the election is over 169 00:09:07,600 --> 00:09:11,200 Speaker 1: for me. Senator Braham also says that he believes President 170 00:09:11,200 --> 00:09:14,320 Speaker 1: Trump stands a great chance of being elected in four 171 00:09:14,360 --> 00:09:18,760 Speaker 1: provided he avoids talking about the elections. Graham spoke on 172 00:09:18,800 --> 00:09:21,439 Speaker 1: ABC's This Week, which can be heard Sundays on Bloomberg. 173 00:09:21,840 --> 00:09:24,959 Speaker 1: Many on social media say the Super Bowl halftime show 174 00:09:25,080 --> 00:09:28,160 Speaker 1: was a huge success. The show on NBC had Dr 175 00:09:28,200 --> 00:09:31,520 Speaker 1: Dre and Snoop Dogg kicking it off, and then Mary J. 176 00:09:31,679 --> 00:09:39,720 Speaker 1: Blige was there with a surprise performance from and Slim 177 00:09:39,920 --> 00:09:43,920 Speaker 1: Shady himself. M and M Global News twenty four hours 178 00:09:43,920 --> 00:09:46,400 Speaker 1: a day on air and on Bloomberg Quick Take Power 179 00:09:46,480 --> 00:09:49,280 Speaker 1: by more than twenty seven undred journalist and analysts more 180 00:09:49,320 --> 00:09:52,680 Speaker 1: than a twenty countries. I'm Michael Barn this is Bloomberg, Nathan. 181 00:09:52,720 --> 00:09:56,600 Speaker 1: Remember when Sugar Hill Gang was old school? Thanks Michael, 182 00:10:01,679 --> 00:10:03,520 Speaker 1: coming up to sixth ten on Wall Street. Let's talk 183 00:10:03,520 --> 00:10:06,040 Speaker 1: about the game. Now, here's John Stenshion, Thanks Nathan. The 184 00:10:06,120 --> 00:10:08,800 Speaker 1: Rams had a lot to overcome in the Super Bowl. 185 00:10:08,920 --> 00:10:11,280 Speaker 1: Early injury to the white out Odell Beckham, he had 186 00:10:11,280 --> 00:10:13,960 Speaker 1: scored the game's first touchdown. They had that dropped hold 187 00:10:14,000 --> 00:10:15,600 Speaker 1: on an extra point that would prove to be a 188 00:10:15,640 --> 00:10:18,720 Speaker 1: factor and the blown call. The officials didn't see an 189 00:10:18,760 --> 00:10:22,679 Speaker 1: offensive face mask on Cincinnati's seventy five yard touchdown that 190 00:10:22,800 --> 00:10:24,880 Speaker 1: gave them the lead early third quarter, but after both 191 00:10:24,880 --> 00:10:28,360 Speaker 1: teams were not doing much offensively, there were seven straight 192 00:10:28,400 --> 00:10:31,200 Speaker 1: possessions that ended in punts. The Rams went on a 193 00:10:31,240 --> 00:10:34,280 Speaker 1: long drive seventy nine yards. This was the fifteenth play 194 00:10:34,600 --> 00:10:37,720 Speaker 1: Africa London, seven steps back pros, the faith fact shoulder 195 00:10:37,880 --> 00:10:43,800 Speaker 1: Cooper Clubs got it Cooper cut incident in touchdown, touchdown, 196 00:10:44,679 --> 00:10:49,200 Speaker 1: touchdown radio those cup second touchdown The Rams sack show 197 00:10:49,280 --> 00:10:52,280 Speaker 1: Burrow seven times, nearly an eighth on a fourth and 198 00:10:52,400 --> 00:10:55,199 Speaker 1: one in completion that gave the Rams to win twenty 199 00:10:55,280 --> 00:10:57,760 Speaker 1: three to twenty with cup, the m d P and 200 00:10:57,840 --> 00:11:00,640 Speaker 1: the second championship and franchise history. But the other one 201 00:11:01,080 --> 00:11:03,120 Speaker 1: was when they played in St. Louis So Champa Bay 202 00:11:03,160 --> 00:11:05,319 Speaker 1: last year. LA this season two years in a row 203 00:11:05,840 --> 00:11:09,760 Speaker 1: Super Bowl winning teams playing in their home stadium. Devil's 204 00:11:09,800 --> 00:11:12,360 Speaker 1: lost to Pittsburgh three two. St. John's lost the yukon 205 00:11:12,559 --> 00:11:15,719 Speaker 1: sixty three sixty. The Red Storm was one in four 206 00:11:15,800 --> 00:11:17,760 Speaker 1: while playing at the Gardens twentieth win of the year 207 00:11:17,800 --> 00:11:20,800 Speaker 1: for Iona at the Olympics US one gold and silver 208 00:11:20,880 --> 00:11:23,920 Speaker 1: in the new event women's singles. Bob's Lad. They'd call 209 00:11:23,960 --> 00:11:26,439 Speaker 1: it Moto Bob. The gold, the Callie Humphreys who used 210 00:11:26,480 --> 00:11:29,720 Speaker 1: to compete for Canada, and the silver. The thirty seven 211 00:11:29,760 --> 00:11:32,640 Speaker 1: year old mom Elina Myers Taylor. The fifteen year old 212 00:11:32,920 --> 00:11:35,920 Speaker 1: Russian figure skating phenom Tamila valley Eva will be allowed 213 00:11:35,920 --> 00:11:38,800 Speaker 1: to compete des quite a recent failed drug test. John 214 00:11:38,840 --> 00:11:42,959 Speaker 1: Stash Award Bluebird Sports Okay John Thanks SMP features down 215 00:11:43,040 --> 00:11:45,959 Speaker 1: down thirty seven points down, futures down two hundred forty nine. 216 00:11:46,000 --> 00:11:48,920 Speaker 1: Nastack futures are lower by a hundred fifty seven points. 217 00:11:48,920 --> 00:11:51,800 Speaker 1: The tenure treasury is up three thirty seconds, the yield 218 00:11:52,160 --> 00:11:56,600 Speaker 1: one point nine to With geopolitical risk at the four, 219 00:11:56,920 --> 00:11:59,960 Speaker 1: we'll get the latest on the tensions over Ukraine. Next 220 00:12:00,000 --> 00:12:08,120 Speaker 1: Smith University College, London's Julie Norman. This is Bloomberg Bloomberg 221 00:12:08,160 --> 00:12:10,439 Speaker 1: eleven three oh weather sunny, breezy, highs only in the 222 00:12:10,520 --> 00:12:13,080 Speaker 1: upper twenties today. We'll get into the mid thirties tomorrow, 223 00:12:13,280 --> 00:12:16,839 Speaker 1: increasing clouds Wednesday with a high close stuff fifty Right 224 00:12:16,880 --> 00:12:24,320 Speaker 1: now seventeen degrees in Central Park. Markets, headlines and breaking 225 00:12:24,360 --> 00:12:27,240 Speaker 1: news twenty four hours a day at Bloomberg dot Com, 226 00:12:27,360 --> 00:12:30,880 Speaker 1: the Bloomberg Business apt and at Bloomberg Cricktake this is 227 00:12:30,920 --> 00:12:40,079 Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow's dogs falling 228 00:12:40,080 --> 00:12:42,840 Speaker 1: around the world as geo political risks over Ukraine ripple 229 00:12:42,920 --> 00:12:46,280 Speaker 1: through global markets, adding to concerns about inflation and the 230 00:12:46,320 --> 00:12:49,719 Speaker 1: prospect of aggressive Federal Reserve interest rate hikes. To team it, 231 00:12:50,040 --> 00:12:52,680 Speaker 1: we checked the markets every fifteen minutes throughout the trading day. 232 00:12:52,720 --> 00:12:56,120 Speaker 1: On Bloomberg SNP Future is down thirty eight points this morning. 233 00:12:56,120 --> 00:12:59,240 Speaker 1: Down Future is down two d fifty six. Nasday futures 234 00:12:59,240 --> 00:13:02,160 Speaker 1: down one fifty seven. The tacks in Germany's down three 235 00:13:02,200 --> 00:13:05,360 Speaker 1: and a quarter percent, and your treasury up three thirty seconds. 236 00:13:05,360 --> 00:13:07,559 Speaker 1: You had one point nine two percent yield on a 237 00:13:07,640 --> 00:13:10,560 Speaker 1: two year one point five two per cent not Mexcrude 238 00:13:10,559 --> 00:13:12,720 Speaker 1: oil is up two jos per cent or sixteen cents 239 00:13:12,760 --> 00:13:15,280 Speaker 1: at ninety three dollar eight cents of barrel. Call mex 240 00:13:15,320 --> 00:13:17,600 Speaker 1: school the three quarters of a percent or fourteen dollars 241 00:13:17,640 --> 00:13:20,439 Speaker 1: at eighteen fifty six ten and ounce. The euro one 242 00:13:20,440 --> 00:13:22,720 Speaker 1: point one three oh one against the dollar British found 243 00:13:22,760 --> 00:13:25,360 Speaker 1: one point three five one one, the NSIT one fifteen 244 00:13:25,400 --> 00:13:28,559 Speaker 1: point one nine, and Bitcoin this morning moving lower at 245 00:13:28,640 --> 00:13:32,120 Speaker 1: forty two thousand, one hundred sixty dollars. That's a Bloomberg 246 00:13:32,120 --> 00:13:34,560 Speaker 1: business flash. Now here's Michael Barr with more on what's 247 00:13:34,600 --> 00:13:37,200 Speaker 1: going on around the world. Michael Karen, thank you very much. 248 00:13:37,400 --> 00:13:40,920 Speaker 1: Some airlines have canceled flights to the capital of Ukraine, 249 00:13:41,000 --> 00:13:44,679 Speaker 1: and troops there have unloaded fresh shipments of weapons from 250 00:13:44,760 --> 00:13:47,720 Speaker 1: NATO members. The US has been warning of a possible 251 00:13:47,760 --> 00:13:51,640 Speaker 1: invasion within days by a growing number of Russian forces. 252 00:13:52,160 --> 00:13:56,080 Speaker 1: Aged President Volodimir Zelinski and President Joe Biden say. The 253 00:13:56,080 --> 00:13:59,840 Speaker 1: two leaders spoke for about an hour on the phone yesterday. 254 00:14:00,360 --> 00:14:04,360 Speaker 1: Russian leader Camilla Valieva has been cleared to compete in 255 00:14:04,400 --> 00:14:08,120 Speaker 1: the women's figure skating competition at the Beijing Winter Olympics 256 00:14:08,120 --> 00:14:12,800 Speaker 1: despite failing a pregames drug test. Super Bowl fifty six 257 00:14:12,880 --> 00:14:16,400 Speaker 1: in the books Los Angeles Rams. They beat the Cincinnati 258 00:14:16,440 --> 00:14:20,560 Speaker 1: Mangles in the NBA, The Celtics lost in the NHL. 259 00:14:20,680 --> 00:14:24,000 Speaker 1: The Devil's Lost. Global News twenty four hours a day 260 00:14:24,040 --> 00:14:27,240 Speaker 1: on air and on Bloomberg Quick Take, powered by more 261 00:14:27,280 --> 00:14:30,400 Speaker 1: than twenty seven under journalist a mantelist in more than 262 00:14:30,440 --> 00:14:34,400 Speaker 1: a hundred twenty countries. I'm Michael barn This is Bloomberg, Nathan. Alright, Michael, 263 00:14:34,440 --> 00:14:36,600 Speaker 1: thank you at six nineteen on Wall Street Live from 264 00:14:36,600 --> 00:14:39,760 Speaker 1: the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We 265 00:14:39,800 --> 00:14:42,160 Speaker 1: want to get more now on the situation with Ukraine. 266 00:14:42,240 --> 00:14:45,280 Speaker 1: Julie Norman is with US lecture on Politics and International 267 00:14:45,280 --> 00:14:48,600 Speaker 1: Relations at University College London. Professor, It's always good to 268 00:14:48,640 --> 00:14:50,640 Speaker 1: speak with you. Over the last few days, we've been 269 00:14:50,680 --> 00:14:53,280 Speaker 1: hearing from the US that the window is open for 270 00:14:53,360 --> 00:14:56,960 Speaker 1: Russia to invade Ukraine pretty much at any time, including 271 00:14:57,040 --> 00:15:00,520 Speaker 1: during the Olympics. I wonder whether the window is still 272 00:15:00,560 --> 00:15:03,960 Speaker 1: open or is it closing further on diplomacy to try 273 00:15:04,000 --> 00:15:07,600 Speaker 1: to head this off well, Nathan, that's certainly the big 274 00:15:07,680 --> 00:15:10,400 Speaker 1: question this week, and we have heard an escalation of 275 00:15:10,440 --> 00:15:13,480 Speaker 1: the sense of urgency and this is in response to 276 00:15:13,520 --> 00:15:16,480 Speaker 1: a couple of things. First, at the end of last week, 277 00:15:16,760 --> 00:15:21,640 Speaker 1: A Russia began military exercises in Belarus, which essentially placed 278 00:15:21,680 --> 00:15:25,440 Speaker 1: Russian troops even closer to Kiev and Ukrainian border, as 279 00:15:25,440 --> 00:15:27,560 Speaker 1: well as naval exercises in the Black sea to the 280 00:15:27,600 --> 00:15:30,120 Speaker 1: movement of troops has on has shifted in a in 281 00:15:30,160 --> 00:15:33,880 Speaker 1: a kind of a strategic way. Second is intelligence reports 282 00:15:33,920 --> 00:15:37,040 Speaker 1: from U S Intelligence about the possibility of a false 283 00:15:37,040 --> 00:15:40,520 Speaker 1: flag kind of incident to provoke a response. And third is, 284 00:15:40,560 --> 00:15:42,640 Speaker 1: as you noted, just this sense that the roots to 285 00:15:42,680 --> 00:15:46,760 Speaker 1: diplomacy do seem to be narrowing. With that said, German 286 00:15:46,840 --> 00:15:50,960 Speaker 1: chance or Schultz will be in Kiev and Moscow this week. Uh, 287 00:15:51,040 --> 00:15:54,560 Speaker 1: European leaders are continuing to meet. Biden of course spoke 288 00:15:54,600 --> 00:15:57,080 Speaker 1: with Putting over the phone on the weekend, So there 289 00:15:57,120 --> 00:16:01,120 Speaker 1: are still these very strong diplomatic first taking place. But 290 00:16:01,200 --> 00:16:05,000 Speaker 1: at the same time, the situation does seem much more 291 00:16:05,000 --> 00:16:09,040 Speaker 1: possible right now for an invasion than than any time previous. Yeah, 292 00:16:09,040 --> 00:16:12,120 Speaker 1: there's been a lot of discussion among Western leaders and 293 00:16:12,400 --> 00:16:16,680 Speaker 1: President Putin in terms of the security guarantees that Russia 294 00:16:16,720 --> 00:16:20,000 Speaker 1: has been looking for. It doesn't seem though, as though 295 00:16:20,120 --> 00:16:23,440 Speaker 1: this talk has got much of anywhere where. Do you 296 00:16:23,480 --> 00:16:26,880 Speaker 1: see the possibility that we could see some kind of 297 00:16:26,960 --> 00:16:29,240 Speaker 1: meeting in the middle in terms of what Russia is 298 00:16:29,280 --> 00:16:34,160 Speaker 1: looking for from the Western alliance and just heading off 299 00:16:34,200 --> 00:16:38,000 Speaker 1: the possibility of an invasion here. Yeah, Well, that's certainly 300 00:16:38,000 --> 00:16:41,640 Speaker 1: the secret and what work you're obviously wants is a 301 00:16:41,960 --> 00:16:45,120 Speaker 1: sort of guarantee that Ukraine will not be admitted to 302 00:16:45,200 --> 00:16:48,400 Speaker 1: NATO any time soon or they any time in the future. 303 00:16:48,920 --> 00:16:51,560 Speaker 1: Uh NATO of course does not want to make that 304 00:16:51,680 --> 00:16:55,640 Speaker 1: kind of guarantee, is doubling down on their open door policy. 305 00:16:55,680 --> 00:16:58,480 Speaker 1: So the States negotiations right now would be if there's 306 00:16:58,480 --> 00:17:01,480 Speaker 1: any wiggle room within that. You know, some voices have said, 307 00:17:01,520 --> 00:17:03,800 Speaker 1: would it be possible to call for a sort of 308 00:17:04,040 --> 00:17:07,360 Speaker 1: moratorium or a certain time frame that would u then 309 00:17:07,440 --> 00:17:11,760 Speaker 1: which Ukraine would not join NATO again. Those compromises make 310 00:17:11,880 --> 00:17:14,880 Speaker 1: sense in some ways from the security compromise point of view, 311 00:17:15,240 --> 00:17:17,360 Speaker 1: but you don't want to be making compromises like that 312 00:17:17,480 --> 00:17:20,040 Speaker 1: because of a massitute build up and setting that as 313 00:17:20,040 --> 00:17:23,320 Speaker 1: a precedent for making these kinds of compromises. So that's 314 00:17:23,400 --> 00:17:26,840 Speaker 1: the tension right now. I think there are some potential 315 00:17:26,880 --> 00:17:29,399 Speaker 1: ways that that there could be some compromises, but the 316 00:17:29,480 --> 00:17:32,200 Speaker 1: situation is just as such a high expilratory point, it's 317 00:17:32,320 --> 00:17:35,679 Speaker 1: very hard to make those concessions. Is there a disconnect 318 00:17:36,040 --> 00:17:38,760 Speaker 1: that you can see between how the US and Europe 319 00:17:38,840 --> 00:17:42,520 Speaker 1: are confronting Russia here and the reaction that we're hearing 320 00:17:42,560 --> 00:17:45,679 Speaker 1: from Ukraine. It seems like over the last several days 321 00:17:45,760 --> 00:17:48,800 Speaker 1: the message coming out of Ukraine is not to panic 322 00:17:49,080 --> 00:17:53,239 Speaker 1: and to to try to ease tensions. Well, that's right. 323 00:17:53,240 --> 00:17:56,080 Speaker 1: In Zialenki in particular has been very focused on this 324 00:17:56,200 --> 00:18:00,280 Speaker 1: sense of projecting calm, not wanting people to panic um 325 00:18:00,320 --> 00:18:02,960 Speaker 1: and that's partly just in terms of internal politics and 326 00:18:03,119 --> 00:18:05,639 Speaker 1: not wanting to wear all the economy even further than 327 00:18:05,680 --> 00:18:08,640 Speaker 1: it already has been within Ukraine, but also to try 328 00:18:08,680 --> 00:18:11,240 Speaker 1: and himself de escalate what he obviously sees as a 329 00:18:11,320 --> 00:18:13,760 Speaker 1: as a very tense situation as well. You know. With 330 00:18:13,920 --> 00:18:16,520 Speaker 1: that said, the US and NATO, I think, are trying 331 00:18:16,520 --> 00:18:20,280 Speaker 1: to learn some of the lessons from with Crimea, where 332 00:18:20,600 --> 00:18:23,240 Speaker 1: they were much more closed in terms of their discourse. 333 00:18:23,280 --> 00:18:26,040 Speaker 1: They did not, uh, you know, kind of publicized a 334 00:18:26,040 --> 00:18:27,840 Speaker 1: lot of the intelligence they were having and they felt 335 00:18:27,880 --> 00:18:30,560 Speaker 1: Putin took advantage of that. So they're trying to turn 336 00:18:30,560 --> 00:18:33,520 Speaker 1: the cables this time, get out ahead of Putin, if 337 00:18:33,520 --> 00:18:35,960 Speaker 1: you will, that he's on the back foot, than then 338 00:18:36,040 --> 00:18:38,920 Speaker 1: responding to what they see as Russian moves. So it's 339 00:18:38,960 --> 00:18:41,520 Speaker 1: a different kind of tactics for sure. Again, it's one 340 00:18:41,560 --> 00:18:44,400 Speaker 1: that at least so far has you know, not led 341 00:18:44,440 --> 00:18:46,680 Speaker 1: to an invasion yet. But again I think this week 342 00:18:46,720 --> 00:18:49,080 Speaker 1: we'll we'll see if this kind of strategy is is 343 00:18:49,080 --> 00:18:52,119 Speaker 1: going to yield some fruits. About thirty seconds left here, 344 00:18:52,119 --> 00:18:54,280 Speaker 1: But are you getting any sense that this warning that 345 00:18:54,359 --> 00:18:59,760 Speaker 1: Russia could face severe sanctions of severe economic penalties is 346 00:19:00,160 --> 00:19:03,960 Speaker 1: playing in at all to how Russian President Putin is 347 00:19:04,400 --> 00:19:08,760 Speaker 1: playing this. Most of them has of course downplayed these 348 00:19:09,080 --> 00:19:12,160 Speaker 1: threats of sanctions, but in reality this would be quite 349 00:19:12,200 --> 00:19:15,000 Speaker 1: hard hitting. Um it would Some of the sanctions that 350 00:19:15,000 --> 00:19:19,560 Speaker 1: are being discussed would quite severely cripple the rouble, would 351 00:19:19,760 --> 00:19:24,600 Speaker 1: really holte not only exports and trade, but also internal sectors, 352 00:19:24,600 --> 00:19:27,960 Speaker 1: including defense, including technology that are important to Putting personally. 353 00:19:28,080 --> 00:19:30,720 Speaker 1: So I do think that is playing into it. But 354 00:19:30,960 --> 00:19:34,240 Speaker 1: the larger geo strategic and geopolitics questions and kind of 355 00:19:34,240 --> 00:19:36,720 Speaker 1: its future sense of what the post colorder will look 356 00:19:36,760 --> 00:19:39,800 Speaker 1: like seeing more of what with most driving Putins moved 357 00:19:39,840 --> 00:19:42,680 Speaker 1: at the moment. Thanks for this, professor, always good having 358 00:19:42,680 --> 00:19:45,800 Speaker 1: you on. Julie Norman Lecture on Politics and International Relations 359 00:19:46,080 --> 00:19:49,680 Speaker 1: at University College London sp Futures down down thirty five 360 00:19:49,720 --> 00:19:52,320 Speaker 1: point staff features down two hundred forty and nanosect futures 361 00:19:52,320 --> 00:19:55,640 Speaker 1: are lower by a hundred fifty points just ahead. More 362 00:19:55,680 --> 00:19:57,920 Speaker 1: on the market, sell off on geopolitical risk, and more 363 00:19:57,960 --> 00:20:00,760 Speaker 1: office workers saying no thanks to going back to the office. 364 00:20:01,200 --> 00:20:03,040 Speaker 1: Five things you need to know to start the day 365 00:20:03,240 --> 00:20:09,880 Speaker 1: On Bloomberg Daybreak Bloomberg eleven three oh weather, sunshine, breezy, 366 00:20:10,000 --> 00:20:12,120 Speaker 1: cold today, only upper twenties will be in the mid 367 00:20:12,119 --> 00:20:15,240 Speaker 1: thirties tomorrow, increasing clouds Wednesday with a high clost to 368 00:20:15,359 --> 00:20:23,960 Speaker 1: fifty right now seventeen degrees in Central part Broadcasting live 369 00:20:24,119 --> 00:20:28,080 Speaker 1: from the Bloomberg Interactive Broker Studio in New York. Bloomberg 370 00:20:28,080 --> 00:20:32,160 Speaker 1: E Living Freedom to Washington, d C, Bloomberg to Boston, 371 00:20:32,280 --> 00:20:36,040 Speaker 1: Bloomberg one O six one does San Francisco, Bloomberg sixt 372 00:20:36,200 --> 00:20:39,040 Speaker 1: to the country, Sirius XM Chado one nine teen and 373 00:20:39,080 --> 00:20:42,480 Speaker 1: around the globe the Bloomberg Business apt in Bloomberg Radio 374 00:20:42,560 --> 00:20:51,840 Speaker 1: dot Com. This is Bloomberg Daybreak. It's six thirty on 375 00:20:51,840 --> 00:20:55,200 Speaker 1: Wall Street. Good morning. I'm Nathan Hagar and I'm Karen Moscow. 376 00:20:55,240 --> 00:20:57,480 Speaker 1: Were just about three hours away from the open of 377 00:20:57,600 --> 00:20:59,720 Speaker 1: US trading. Time for the five things you need to 378 00:20:59,760 --> 00:21:02,880 Speaker 1: note to start your day Ron to you buy Interactive Brokers. 379 00:21:03,160 --> 00:21:06,520 Speaker 1: Interactive Brokers charges margin loan rates from zero point seven 380 00:21:06,560 --> 00:21:09,479 Speaker 1: five percent to one point five eight percent rate subject 381 00:21:09,480 --> 00:21:11,919 Speaker 1: to change. Learn more at ibk r dot com. Slash 382 00:21:11,960 --> 00:21:15,360 Speaker 1: compare up first stocks. You're tumbling as geo political risk 383 00:21:15,400 --> 00:21:19,040 Speaker 1: over Ukraine ripple through global markets. Russia has repeatedly denied 384 00:21:19,040 --> 00:21:21,760 Speaker 1: intentions to invade Ukraine, but the US is warning a 385 00:21:21,840 --> 00:21:26,360 Speaker 1: conflict maybe imminent. Here's National Security Adviser Jake Sullivan. Russia 386 00:21:26,400 --> 00:21:31,000 Speaker 1: wants to continue engaging diplomatically to find a way forward 387 00:21:31,040 --> 00:21:34,440 Speaker 1: to address their security concerns and our security concerns. Were 388 00:21:34,480 --> 00:21:37,640 Speaker 1: prepared to do that. At Fressia decides instead to take 389 00:21:37,720 --> 00:21:41,439 Speaker 1: major military action against Ukraine. Were prepared to respond decisively. 390 00:21:41,760 --> 00:21:44,800 Speaker 1: National Security Adviser Jake Sullivan made the comments on Face 391 00:21:44,840 --> 00:21:48,920 Speaker 1: the Nation from CBS third Sundays. Right here on Bloomberg Radio. Now, 392 00:21:48,920 --> 00:21:52,280 Speaker 1: we're seeing geopolitical tensions affect the energy markets, Karen. Right now, 393 00:21:52,280 --> 00:21:55,520 Speaker 1: oil is a touch lower after rising for eight straight weeks. 394 00:21:55,560 --> 00:21:58,119 Speaker 1: Some investors predict the hundred dollars of barrel right now, 395 00:21:58,200 --> 00:22:01,600 Speaker 1: name excrudes at X down about two tenths per cent. 396 00:22:01,800 --> 00:22:03,919 Speaker 1: Brent is lowered by two tenths percent as well at 397 00:22:03,960 --> 00:22:07,440 Speaker 1: ninety four dollars six cents. Turning the economy now, Nathan. 398 00:22:07,520 --> 00:22:10,760 Speaker 1: San Francisco Fed President Mary Daily is weighing in on policy. 399 00:22:10,880 --> 00:22:13,400 Speaker 1: She says the FED needs to be measured and data dependent. 400 00:22:13,720 --> 00:22:16,239 Speaker 1: Current forecast call for as many as seven interest rate 401 00:22:16,320 --> 00:22:19,560 Speaker 1: hikes this year. Those COVID cases ease across the country. 402 00:22:19,640 --> 00:22:21,639 Speaker 1: Back to the office plans are coming back, but it 403 00:22:21,640 --> 00:22:23,840 Speaker 1: turns out a growing number of white collar workers do 404 00:22:23,920 --> 00:22:26,360 Speaker 1: not want to return to the office full time. Let's 405 00:22:26,400 --> 00:22:29,119 Speaker 1: get the details life from Bloomberg's Rnita Young. Good morning Granita, 406 00:22:29,160 --> 00:22:32,200 Speaker 1: Good morning Nathan. Just three percent of white collar workers 407 00:22:32,200 --> 00:22:34,359 Speaker 1: want to return to the office five days a week. 408 00:22:34,720 --> 00:22:38,960 Speaker 1: That's according to a poll by management consultancy Advanced Workplace Associates, 409 00:22:39,200 --> 00:22:42,840 Speaker 1: which warrants employees will quit if companies force them back 410 00:22:42,880 --> 00:22:46,920 Speaker 1: full time. Scent of the ten thousand employees polled globally 411 00:22:47,119 --> 00:22:49,359 Speaker 1: want to work from home at least two days a week. 412 00:22:49,640 --> 00:22:52,560 Speaker 1: People from all age groups and broad ranges of industries 413 00:22:52,600 --> 00:22:56,520 Speaker 1: felt the same way it. Advanced Workplace Associates managing director 414 00:22:56,560 --> 00:22:59,920 Speaker 1: Andrew Mawson says bosses who are not sensitive to their 415 00:23:00,000 --> 00:23:04,280 Speaker 1: employees needs will suffer. Accordingly, Live in New York, I'm 416 00:23:04,320 --> 00:23:06,679 Speaker 1: rened to young Bloomberg Debreak. All right, we need to 417 00:23:06,680 --> 00:23:08,080 Speaker 1: thank you. And the final thing you did to know 418 00:23:08,119 --> 00:23:11,240 Speaker 1: this morning. The Rams are Super Bowl champions. L A 419 00:23:11,320 --> 00:23:14,480 Speaker 1: beat the Bengals twenty three to twenty last night. Details 420 00:23:14,520 --> 00:23:17,560 Speaker 1: and reaction coming up shortly in sports and as the 421 00:23:17,600 --> 00:23:19,440 Speaker 1: five things you need to know to start your day, 422 00:23:19,440 --> 00:23:23,480 Speaker 1: brought to you by Interactive Brokers. Again, futures are falling 423 00:23:23,560 --> 00:23:27,600 Speaker 1: this morning. NASDAC futures are down one forty four points. 424 00:23:27,640 --> 00:23:31,160 Speaker 1: That's down one per cent. Straight ahead your latest local headlines, 425 00:23:31,200 --> 00:23:33,639 Speaker 1: and he has to check in sports, and this is 426 00:23:33,640 --> 00:23:41,800 Speaker 1: Bloomberg Albright on Wall Street. We're still at seventeen degrees 427 00:23:41,840 --> 00:23:43,760 Speaker 1: in Central Parks. Still dealing with an accident on the 428 00:23:43,800 --> 00:23:46,920 Speaker 1: southbound Van Wick affecting your Ryan to Kennedy Airport. Details 429 00:23:46,920 --> 00:23:49,440 Speaker 1: coming up in traffic. First Michael Barr with more on 430 00:23:49,520 --> 00:23:51,200 Speaker 1: what's going on in New York and around the world. 431 00:23:51,200 --> 00:23:54,720 Speaker 1: Good morning, Michael, Good morning Nathan. The busiest US Canada 432 00:23:54,760 --> 00:23:59,160 Speaker 1: border crossing as reopened after protests against COVID nineteen restrictions 433 00:23:59,160 --> 00:24:02,679 Speaker 1: closed it for most a week. The Detroit International Bridge 434 00:24:02,680 --> 00:24:05,040 Speaker 1: company set in a statement late last night that the 435 00:24:05,080 --> 00:24:09,320 Speaker 1: Ambassador Bridge is now fully open. Windsor Police Chief Pamela 436 00:24:09,400 --> 00:24:14,720 Speaker 1: Mazzuno arrested over two dozen people yesterday, sees five vehicles 437 00:24:14,960 --> 00:24:18,040 Speaker 1: and towed seven more. What was achieved today up to 438 00:24:18,160 --> 00:24:20,480 Speaker 1: this point is a huge step in the right direction. 439 00:24:20,960 --> 00:24:23,760 Speaker 1: Officers today made several arrests and were able to seize 440 00:24:23,880 --> 00:24:27,000 Speaker 1: vehicles of demonstrators in the area. Meanwhile, the protests in 441 00:24:27,040 --> 00:24:31,600 Speaker 1: Ottawa has paralyzed downtown. There are mixed messages on mask 442 00:24:31,840 --> 00:24:35,960 Speaker 1: Governor Phil Murphy is among state leaders easing indoor mask 443 00:24:36,119 --> 00:24:40,679 Speaker 1: requirements despite CDC guidelines. To the contrary, the Jersey governor 444 00:24:40,760 --> 00:24:44,679 Speaker 1: says his decision impact schools and it's based on the 445 00:24:44,760 --> 00:24:48,200 Speaker 1: drop in COVID cases in his state, not political pressure. 446 00:24:48,520 --> 00:24:51,040 Speaker 1: What I am opposed to our other states state. I 447 00:24:51,040 --> 00:24:55,359 Speaker 1: hate to get political, but they're overwhelmingly red states masks 448 00:24:55,440 --> 00:24:59,040 Speaker 1: and then forced districts to Suva to allowing them wear masks. 449 00:24:59,040 --> 00:25:03,840 Speaker 1: I think that's crazy, we did, Governor Murphy. However, Dr 450 00:25:03,920 --> 00:25:08,200 Speaker 1: Darien Sutton, an emergency room physician, supports tougher CDC guidance 451 00:25:08,240 --> 00:25:10,720 Speaker 1: on masks. Although the rates are coming down and I'm 452 00:25:10,720 --> 00:25:14,480 Speaker 1: grateful for that. We still have approximately deaths per day 453 00:25:14,560 --> 00:25:16,879 Speaker 1: from this virus, and I think we sadly normalized that. 454 00:25:17,520 --> 00:25:20,760 Speaker 1: Dr Sutton spoke to a VC. Transit officials in New 455 00:25:20,840 --> 00:25:24,159 Speaker 1: York are hoping a recent uptick and subway writership is 456 00:25:24,160 --> 00:25:26,359 Speaker 1: a sign that the city is bouncing back from the 457 00:25:26,359 --> 00:25:31,639 Speaker 1: omicron surge. According to subway writership top three million for 458 00:25:31,920 --> 00:25:34,440 Speaker 1: three days in a row last week. The m t 459 00:25:34,600 --> 00:25:36,919 Speaker 1: A says it was the first time that had happened 460 00:25:36,920 --> 00:25:39,800 Speaker 1: since the omicron wave hit New York in mid December. 461 00:25:40,080 --> 00:25:43,000 Speaker 1: New York Mayor Eric Adams is backing Letitia James for 462 00:25:43,080 --> 00:25:46,640 Speaker 1: re election. James, who has State Attorney General, has led 463 00:25:46,680 --> 00:25:50,800 Speaker 1: investigations into former President Donald Trump and former Governor Andrew Cuomo. 464 00:25:51,160 --> 00:25:55,000 Speaker 1: Social media has been buzzing about the Super Bowl halftime show. 465 00:25:55,320 --> 00:26:00,400 Speaker 1: Many say it is the best one they've seen. Each 466 00:26:00,520 --> 00:26:05,520 Speaker 1: coom In Le Rappers, Snoop Dogg, and Dr Dre opened 467 00:26:05,560 --> 00:26:07,520 Speaker 1: it up emin and almost part of the show, along 468 00:26:07,560 --> 00:26:11,159 Speaker 1: with Mary Jane Lyns. Global News twenty four hours a 469 00:26:11,240 --> 00:26:14,000 Speaker 1: day on the air and on Bloomberg quick Take, powered 470 00:26:14,000 --> 00:26:16,720 Speaker 1: by more than twenty seven hundred journalists and analysts, are 471 00:26:16,720 --> 00:26:19,520 Speaker 1: more than a hundred twenty countries. I'm Michael barn This 472 00:26:19,640 --> 00:26:27,440 Speaker 1: is Bloomberg, Nathan Okay, Michael, thanks almost six thirty six 473 00:26:27,480 --> 00:26:29,280 Speaker 1: on Wall Street. Let's get more on what book ended 474 00:26:29,320 --> 00:26:32,480 Speaker 1: that halftime show. Here's John stansh Our. Thanks. Duper Bowl 475 00:26:32,520 --> 00:26:34,159 Speaker 1: fifty six. It was a hot day in l A. 476 00:26:34,240 --> 00:26:36,480 Speaker 1: And the Rams had a ten point lead but fell behind, 477 00:26:36,520 --> 00:26:38,680 Speaker 1: trailed the Bengals for most of the second half, and 478 00:26:38,800 --> 00:26:42,120 Speaker 1: Matthew Stafford led them on a super Bowl wedding drive 479 00:26:42,119 --> 00:26:44,440 Speaker 1: in the fourth quarter, seventy nine yards, fifteen plays to 480 00:26:44,480 --> 00:26:47,760 Speaker 1: help a couple of Bengal's penalties, and Stafford's third touchdown 481 00:26:47,760 --> 00:26:49,760 Speaker 1: passed the second they went to Cooper Cup came with 482 00:26:49,840 --> 00:26:52,440 Speaker 1: a minute half to go. When Aaron Donald and the 483 00:26:52,600 --> 00:26:55,000 Speaker 1: l A defense stopped Cincinnati on a fourth and one, 484 00:26:55,040 --> 00:26:58,280 Speaker 1: the Rams had the victory. Twenty Cup was far and 485 00:26:58,320 --> 00:27:00,480 Speaker 1: away the NFL's top receiver this and he was the 486 00:27:00,480 --> 00:27:02,359 Speaker 1: Super Bowl m v P. Not only eight catches, he 487 00:27:02,400 --> 00:27:04,479 Speaker 1: had a big run on a fourth and one on 488 00:27:04,480 --> 00:27:07,719 Speaker 1: that TV drive. His only mistake was he overthrew Stafford 489 00:27:07,720 --> 00:27:10,520 Speaker 1: on a pass play that Donald von Miller bot that 490 00:27:10,600 --> 00:27:13,560 Speaker 1: two sacks. Stafford wins the title in his first season 491 00:27:13,600 --> 00:27:15,960 Speaker 1: in l a many years he had languished on bad 492 00:27:15,960 --> 00:27:20,680 Speaker 1: teams in Detroit. That last drive was a crust to drive, 493 00:27:20,720 --> 00:27:23,280 Speaker 1: one I'll never forget. Just so many great players, by 494 00:27:23,320 --> 00:27:26,520 Speaker 1: so many great players, and uh just I'm just so 495 00:27:26,640 --> 00:27:33,240 Speaker 1: happy to get it done. And uhas Mangles had quite 496 00:27:33,240 --> 00:27:36,040 Speaker 1: a postseason run, but an inability to protect Joe Burrow 497 00:27:36,080 --> 00:27:38,479 Speaker 1: caught up with them. Burrow sacks seven times, he got 498 00:27:38,520 --> 00:27:41,720 Speaker 1: sacked nine times in lets playoff win. Earlier NBA eighth 499 00:27:41,720 --> 00:27:44,240 Speaker 1: grade win for the Celtics, the NHL Pittsburgh three in 500 00:27:44,280 --> 00:27:46,040 Speaker 1: the third period to beat the Devil's four two. At 501 00:27:46,040 --> 00:27:49,120 Speaker 1: the Garden, Yukon beat St. John's sixty three sixty Red 502 00:27:49,119 --> 00:27:52,080 Speaker 1: Store Owen six. Against ranked teams, the US won gold 503 00:27:52,119 --> 00:27:54,720 Speaker 1: and silver in the Bob sled Callie Humphreys, Elana Meyers. 504 00:27:54,760 --> 00:27:58,520 Speaker 1: Taylor Humphreys had previously won gold for Kenna Wiazaky Semifinals. 505 00:27:58,560 --> 00:28:01,640 Speaker 1: Coming up, US will play been John Fish that We're moving, 506 00:28:02,760 --> 00:28:05,119 Speaker 1: Thank you John sixty seven on Wall Street. Time to 507 00:28:05,119 --> 00:28:06,680 Speaker 1: take a look at stock some of the names moving 508 00:28:06,720 --> 00:28:09,520 Speaker 1: in the pre market. Bloomberg Radio and TV markets correspondent 509 00:28:09,600 --> 00:28:12,840 Speaker 1: Pretty Gupta is with us this morning, and pretty looking 510 00:28:12,840 --> 00:28:16,800 Speaker 1: at the broader market. You think everything's moving down this morning. Yeah, 511 00:28:16,840 --> 00:28:19,119 Speaker 1: it's a pretty risk off tone. What's interesting is that 512 00:28:19,200 --> 00:28:21,359 Speaker 1: your typical sectors that you would think would be up 513 00:28:21,600 --> 00:28:24,439 Speaker 1: essentially on this kind of Russian risk news, they aren't. 514 00:28:24,480 --> 00:28:26,639 Speaker 1: So what I'm thinking about here predominantly is going to 515 00:28:26,680 --> 00:28:28,520 Speaker 1: be those oil companies because of course we know that 516 00:28:28,560 --> 00:28:31,800 Speaker 1: geopolitical risk is priced in too, like the Brent crude 517 00:28:31,840 --> 00:28:34,800 Speaker 1: hitting as high's nineties six dollars barrel Nathan getting closer 518 00:28:35,119 --> 00:28:38,480 Speaker 1: to the dollar barrel stock. Yet you don't actually see 519 00:28:38,520 --> 00:28:40,840 Speaker 1: that translate into some of those energy stocks, and that's 520 00:28:40,840 --> 00:28:43,480 Speaker 1: a global phenomenon. Let me tell you why. Two of 521 00:28:43,560 --> 00:28:45,760 Speaker 1: the biggest names where you would tend to see that 522 00:28:45,920 --> 00:28:48,640 Speaker 1: move is going to be VP and Total Energy. These 523 00:28:48,640 --> 00:28:52,320 Speaker 1: are energy companies in in Europe, in particular British Petroleum 524 00:28:52,360 --> 00:28:54,719 Speaker 1: and of course French owned tot how Energy. So when 525 00:28:54,760 --> 00:28:58,760 Speaker 1: you do see that geopolitical premium essentially higher oil prices, 526 00:28:58,840 --> 00:29:01,000 Speaker 1: well you would want them, or it would make sense 527 00:29:01,080 --> 00:29:04,360 Speaker 1: that those higher oil prices would benefit companies in Europe 528 00:29:04,400 --> 00:29:08,840 Speaker 1: where that that need is most dire. But BP nevertheless 529 00:29:08,920 --> 00:29:11,800 Speaker 1: actually down in pre market, down nine tenths of a percent. 530 00:29:11,920 --> 00:29:16,160 Speaker 1: It also has a steak in Russia's energy giant Rosneft, 531 00:29:16,200 --> 00:29:18,520 Speaker 1: so it does have that Russian exposure. So that's gonna 532 00:29:18,520 --> 00:29:20,320 Speaker 1: be something you want to watch. Same story with Total 533 00:29:20,520 --> 00:29:22,680 Speaker 1: Energies t t E is a ticker for those a 534 00:29:22,800 --> 00:29:24,880 Speaker 1: d r s here down two tenths of a percent 535 00:29:25,040 --> 00:29:27,920 Speaker 1: this morning. It was down more earlier in the session. 536 00:29:28,320 --> 00:29:31,160 Speaker 1: That also has a nine percent steak in Russian energy giant. No, 537 00:29:31,280 --> 00:29:33,360 Speaker 1: but text that those are two companies in the energy 538 00:29:33,400 --> 00:29:36,320 Speaker 1: sector you want to keep a name keep an eye on. Yeah, 539 00:29:36,440 --> 00:29:40,200 Speaker 1: interesting to see that Russian exposure to some of those companies. 540 00:29:40,240 --> 00:29:43,000 Speaker 1: I mean, when we have this broad sell off this morning, creedy, 541 00:29:43,080 --> 00:29:47,080 Speaker 1: is there anything catching a bid right now? Very very few, 542 00:29:47,240 --> 00:29:49,640 Speaker 1: very slim pickings. You've got about three stocks in the 543 00:29:49,720 --> 00:29:51,560 Speaker 1: grain right now. One of them, of course, is Newmont, 544 00:29:51,600 --> 00:29:54,280 Speaker 1: which is a gold company in particular. So you have 545 00:29:54,400 --> 00:29:57,560 Speaker 1: that Haven bid translating there, but still up by a ton. 546 00:29:57,680 --> 00:29:59,720 Speaker 1: The one big mover that I'm seeing, and when I 547 00:29:59,760 --> 00:30:01,960 Speaker 1: say big, helping up by five tenths of a percent, 548 00:30:02,080 --> 00:30:04,920 Speaker 1: and that is Lockheed Martin l M t S your ticker. 549 00:30:05,000 --> 00:30:06,920 Speaker 1: Now double whammy here on the first tent. It's a 550 00:30:07,000 --> 00:30:09,360 Speaker 1: defense stock. So when we're talking about war risk, it 551 00:30:09,480 --> 00:30:11,680 Speaker 1: kind of makes sense that an American defense company there's 552 00:30:11,720 --> 00:30:14,560 Speaker 1: only two, Locky Martin and Boeing, would actually rally, and 553 00:30:14,800 --> 00:30:17,440 Speaker 1: Boeing you're seeing kind of decline with the broader hit 554 00:30:17,680 --> 00:30:20,360 Speaker 1: to risk. Locky Martin up, like said, five tens of percent, 555 00:30:20,400 --> 00:30:22,360 Speaker 1: but it also is up because it ended its bid 556 00:30:22,440 --> 00:30:25,880 Speaker 1: to buy aerojet rocket Dine after the FDC suit to 557 00:30:25,960 --> 00:30:28,200 Speaker 1: block the four point four billion dollar deal on the 558 00:30:28,240 --> 00:30:31,880 Speaker 1: grounds that it would hurt competition among defense contractors. So 559 00:30:32,520 --> 00:30:34,840 Speaker 1: just the idea that Lockheed is actually saving some money 560 00:30:35,240 --> 00:30:39,000 Speaker 1: UM on that deal interesting. Bloomberg Radio and TV Markets corresponded, 561 00:30:39,080 --> 00:30:41,360 Speaker 1: Creedy grouped keeping an eye on what's happening in the 562 00:30:41,440 --> 00:30:44,440 Speaker 1: pre market as we do see uh this broad sell 563 00:30:44,480 --> 00:30:48,160 Speaker 1: off on geopolitical risk this morning. Right now, SMP futures 564 00:30:48,200 --> 00:30:51,240 Speaker 1: are down thirty two points, Stayle futures down two d eighteen. 565 00:30:51,720 --> 00:30:55,000 Speaker 1: Nasdaq futures leading the declines on Wall Street this morning. 566 00:30:55,040 --> 00:30:57,120 Speaker 1: They're down a hundred thirty points, or nine tenths of 567 00:30:57,160 --> 00:31:02,080 Speaker 1: one percent. Major selling continues in European stocks, with Germany's 568 00:31:02,120 --> 00:31:04,520 Speaker 1: docks down three point two percent right now. The cat 569 00:31:04,680 --> 00:31:06,600 Speaker 1: in Paris is lower by three and a half percent. 570 00:31:07,040 --> 00:31:09,840 Speaker 1: The FLIXI in London down one nine percent, and it's 571 00:31:09,920 --> 00:31:12,560 Speaker 1: in your treasury right now, up five thirty seconds, the 572 00:31:12,720 --> 00:31:16,240 Speaker 1: yield one point nine one per cent. An update on 573 00:31:16,600 --> 00:31:20,040 Speaker 1: Ukraine next with Bloomberg Government's Emily Wilkins. This is Bloomberg 574 00:31:22,600 --> 00:31:25,600 Speaker 1: Bloomberg eleven three oh weather. Sunshine and breeze today with 575 00:31:26,000 --> 00:31:27,760 Speaker 1: high and the upper twenties will be in the mid 576 00:31:27,880 --> 00:31:31,800 Speaker 1: thirties tomorrow, upper forties, maybe fifty degrees by Wednesday under 577 00:31:31,800 --> 00:31:39,680 Speaker 1: increasing clouds right now seventeen in Central Park Markets, headlines 578 00:31:39,760 --> 00:31:42,720 Speaker 1: and breaking news twenty four hours a day at Bloomberg 579 00:31:42,800 --> 00:31:46,120 Speaker 1: dot Com, the Bloomberg Business at and at Bloomberg Quick Take. 580 00:31:46,760 --> 00:31:55,640 Speaker 1: He's a Bloomberg Business lash and I'm Karen Moscow and 581 00:31:55,760 --> 00:31:58,560 Speaker 1: US Dock Index futures are lower this morning. We go 582 00:31:58,640 --> 00:32:00,600 Speaker 1: to the first word Breaking News Day US for today's 583 00:32:00,640 --> 00:32:04,880 Speaker 1: morning call. Here's Bill Maloney. Bill, good morning, and good morning, Karen. 584 00:32:04,960 --> 00:32:07,520 Speaker 1: That's right. US futures are under pressure and made added 585 00:32:07,640 --> 00:32:11,520 Speaker 1: Ukraine tensions to futures currently down two points. Sup s 586 00:32:11,560 --> 00:32:13,800 Speaker 1: drop thirty four now that's the future is lower by 587 00:32:13,840 --> 00:32:16,920 Speaker 1: one forty two. The US ten yeld at one point 588 00:32:17,040 --> 00:32:20,440 Speaker 1: nine two. Golden oil are both little changed. Bitcoin is 589 00:32:20,520 --> 00:32:23,280 Speaker 1: hired by point eight percent and Japan fell two point 590 00:32:23,320 --> 00:32:26,480 Speaker 1: two percent overnight. My Up markets are also under pressure, 591 00:32:26,680 --> 00:32:29,640 Speaker 1: with most markets down at least three percent. Back in 592 00:32:29,680 --> 00:32:32,240 Speaker 1: the US, nothing to report on the economic front and 593 00:32:32,320 --> 00:32:34,880 Speaker 1: a deal news locked Martin scrapped its bid to buy 594 00:32:34,960 --> 00:32:38,720 Speaker 1: Aero Jets, and the ft report that Pelton's McCarthy dismissed 595 00:32:38,760 --> 00:32:42,280 Speaker 1: the idea of a potential sale. In other news, Bowman 596 00:32:42,320 --> 00:32:45,160 Speaker 1: Sacks cut its sub five hundred forecasts on the prospect 597 00:32:45,280 --> 00:32:48,440 Speaker 1: of aggressive rate heights and wrapping things up. Tyson was 598 00:32:48,480 --> 00:32:51,440 Speaker 1: cut to equate over Barkley's JP Morgan cuts a hold 599 00:32:51,840 --> 00:32:55,080 Speaker 1: well right. Jeffreys Live from the First Breaking News deskm 600 00:32:55,120 --> 00:32:57,400 Speaker 1: Bill Maloney Camp all right, Bill, thank you, and here 601 00:32:57,440 --> 00:33:00,200 Speaker 1: lie breaking news. Over your Bloomberg type squawk on your ermin. 602 00:33:00,240 --> 00:33:02,560 Speaker 1: I'll sue you a w u K. That's a Bloomberg 603 00:33:02,640 --> 00:33:05,160 Speaker 1: business flash. Now here's Michael Barrow with more on what's 604 00:33:05,160 --> 00:33:07,840 Speaker 1: going on around the world. Michael Darren, thank you very much. 605 00:33:07,960 --> 00:33:11,280 Speaker 1: Tensions over Russia's military build up near Ukraine or entering 606 00:33:11,360 --> 00:33:15,160 Speaker 1: a potentially decisive week with the US warning and invasion, 607 00:33:15,240 --> 00:33:19,840 Speaker 1: Maybe imminent Russian President Vladimir Putin is accusing America failing 608 00:33:19,920 --> 00:33:23,080 Speaker 1: to meet his demands. Meanwhile, President Joe Biden spoke with 609 00:33:23,200 --> 00:33:28,320 Speaker 1: Ukraine's president yesterday. Russian teenager coming Up vile Eva has 610 00:33:28,440 --> 00:33:32,040 Speaker 1: been cleared to compete in the women's figure skating competition 611 00:33:32,080 --> 00:33:35,720 Speaker 1: at the Beijing Winter Olympics despite failing a pregames drug test. 612 00:33:36,200 --> 00:33:38,720 Speaker 1: Super Bowl fifty six is in the books Los Angeles. 613 00:33:39,120 --> 00:33:43,800 Speaker 1: They beat the Cincinnati Bengals three twenty. The Rams have 614 00:33:44,160 --> 00:33:49,440 Speaker 1: won their final victory with Matthew Stafford at least for 615 00:33:49,560 --> 00:33:53,240 Speaker 1: now anyway, in the NBA of the Celtics lost in 616 00:33:53,360 --> 00:33:56,800 Speaker 1: the NHL, The Devil's Lost. Global News twenty four hours 617 00:33:56,880 --> 00:33:59,600 Speaker 1: a day on air and on Bloomberg Quicktake, powered by 618 00:33:59,640 --> 00:34:03,360 Speaker 1: more than twenty journalist analysts thy countries. I'm Michael bar 619 00:34:03,520 --> 00:34:07,800 Speaker 1: This is Bloomberg. The following commentary is from Bloomberg Opinion. 620 00:34:08,719 --> 00:34:11,520 Speaker 1: What you can learn taking a bus to the Super Bowl. 621 00:34:11,719 --> 00:34:15,239 Speaker 1: I'm Justin Fox, the columnist for Bloomberg Opinion. A few 622 00:34:15,360 --> 00:34:18,879 Speaker 1: days before Sunday's Super Bowl, I traveled via light rail 623 00:34:18,960 --> 00:34:21,520 Speaker 1: and bus to the host stadium in the Los Angeles 624 00:34:21,560 --> 00:34:24,160 Speaker 1: suburb of Englewood, then I took a bus and a 625 00:34:24,200 --> 00:34:26,600 Speaker 1: bus rapid transit line that runs down the middle of 626 00:34:26,680 --> 00:34:30,160 Speaker 1: a freeway to downtown l A, an underground heavy rail 627 00:34:30,200 --> 00:34:33,640 Speaker 1: train to Koreatown, and express bus to Westwood, and a 628 00:34:33,719 --> 00:34:37,000 Speaker 1: bus back to Santa Monica, where I'm currently staying. Yes, 629 00:34:37,360 --> 00:34:39,640 Speaker 1: you can do all that in Los Angeles, which is 630 00:34:39,680 --> 00:34:43,239 Speaker 1: not exactly known for its public transportation infrastructure, but has 631 00:34:43,280 --> 00:34:47,000 Speaker 1: seen smaller drops in transit ridership during the pandemic than 632 00:34:47,080 --> 00:34:51,320 Speaker 1: other big US cities. That's partly because, unlike in other cities, 633 00:34:51,640 --> 00:34:54,359 Speaker 1: the white collar workers who've gone remote over the past 634 00:34:54,440 --> 00:34:57,560 Speaker 1: two years never relied much on public transportation. Here to 635 00:34:57,640 --> 00:35:01,000 Speaker 1: begin with, I'm justin Fox. For more opinion, please go 636 00:35:01,080 --> 00:35:04,279 Speaker 1: to Bloomberg dot com, Slash Opinion or O P I 637 00:35:04,480 --> 00:35:08,000 Speaker 1: n go on the Bloomberg terminal. These has been Bloomberg 638 00:35:08,080 --> 00:35:11,560 Speaker 1: Opinion and Bloomberg Opinion commentaries can be heard every weekday 639 00:35:11,600 --> 00:35:14,200 Speaker 1: at this time, and terminal customers can read more at 640 00:35:14,280 --> 00:35:17,239 Speaker 1: O P I n go. It is six fifty on 641 00:35:17,320 --> 00:35:20,239 Speaker 1: Wall Street. Return to news and science and technology now 642 00:35:20,360 --> 00:35:22,719 Speaker 1: with the Bloomberg and J. A. T. Stem Report, And 643 00:35:22,840 --> 00:35:25,799 Speaker 1: here's what's making news and science, technology, engineering, and math, 644 00:35:26,320 --> 00:35:29,239 Speaker 1: scientists and governments will meet later today to finish a 645 00:35:29,360 --> 00:35:33,800 Speaker 1: major United Nations report on how global warming disrupts people's lives, 646 00:35:34,040 --> 00:35:37,680 Speaker 1: their natural environment, and the earth itself. The United Nations 647 00:35:37,760 --> 00:35:41,080 Speaker 1: Intergovernmental Panel on Climate Change, a collection of hundreds of 648 00:35:41,120 --> 00:35:45,000 Speaker 1: the world's top scientists, issues three huge reports on climate 649 00:35:45,120 --> 00:35:48,880 Speaker 1: change every five to seven years. Rolls Royce Holdings, the 650 00:35:48,960 --> 00:35:52,480 Speaker 1: engine maker known for powering Boeing and Airbus workhorse jets, 651 00:35:52,560 --> 00:35:55,959 Speaker 1: expects a fully electric small aircraft in three to five years. 652 00:35:56,280 --> 00:35:59,759 Speaker 1: A top company executive tells us. The first commercial application 653 00:35:59,840 --> 00:36:03,280 Speaker 1: of pie volt a battery electric system, will have about 654 00:36:03,360 --> 00:36:06,680 Speaker 1: six hundred kilowatt hours of power, which will enable flying 655 00:36:06,760 --> 00:36:09,360 Speaker 1: six to eight people as far as eighty nautical miles. 656 00:36:10,000 --> 00:36:13,279 Speaker 1: And cryptocurrency exchanges were featured. Amid a Super Bowl ad 657 00:36:13,440 --> 00:36:16,040 Speaker 1: blitz that cost as much as seven million dollars for 658 00:36:16,120 --> 00:36:19,120 Speaker 1: thirty seconds. Coin Based Global had an ad featuring at 659 00:36:19,200 --> 00:36:21,799 Speaker 1: QR code that viewers had to scan to find out 660 00:36:21,840 --> 00:36:24,280 Speaker 1: what the spot was about. Those who did were invited 661 00:36:24,320 --> 00:36:27,040 Speaker 1: to sign up and get fifteen dollars. Fd X Trading, 662 00:36:27,080 --> 00:36:29,680 Speaker 1: another exchange ran an ad with comedian Larry David and 663 00:36:29,760 --> 00:36:33,840 Speaker 1: crypto dot com spot featured basketball great Lebron James and 664 00:36:33,880 --> 00:36:37,279 Speaker 1: as a Bloomberg and j I t Stem report. Nathan, Okay, Karen, 665 00:36:37,360 --> 00:36:39,680 Speaker 1: thank you. We are live from the Bloomberg Interactive Brokers 666 00:36:39,680 --> 00:36:41,880 Speaker 1: studios where it's almost six fifty two on Wall Street 667 00:36:41,880 --> 00:36:43,360 Speaker 1: Time Now to check what's going on in d C. 668 00:36:43,840 --> 00:36:46,040 Speaker 1: Some of the top stories in our nation's capital include 669 00:36:46,040 --> 00:36:49,239 Speaker 1: the crisis over Ukraine. White House National Security Adviser Jake 670 00:36:49,280 --> 00:36:52,280 Speaker 1: Sullivan says the US is open to diplomacy but prepared 671 00:36:52,360 --> 00:36:56,120 Speaker 1: to respond if Russia invades. We have seen over the 672 00:36:56,200 --> 00:36:59,560 Speaker 1: course of the past ten days uh dramatic acceleration in 673 00:36:59,640 --> 00:37:02,360 Speaker 1: the build up of Russian forces and the disposition of 674 00:37:02,440 --> 00:37:05,560 Speaker 1: those forces in such a way that they could launch 675 00:37:05,600 --> 00:37:09,680 Speaker 1: a military action essentially at any time. Jake Sullivan was 676 00:37:09,719 --> 00:37:13,439 Speaker 1: on CBS's Face the Nation. Republican Senator Lindsey Graham says 677 00:37:13,520 --> 00:37:16,279 Speaker 1: the U s should take action against Vladimir Putin now. 678 00:37:16,440 --> 00:37:18,880 Speaker 1: He was on ABC's this week, got a hundred thousand 679 00:37:18,960 --> 00:37:21,479 Speaker 1: troops and massed on the Ukrainian border, and he's paying 680 00:37:21,520 --> 00:37:23,520 Speaker 1: no price at all. So I'd like to hit him 681 00:37:23,560 --> 00:37:27,560 Speaker 1: now for the provocation and have plancons sanctions spelled out 682 00:37:27,680 --> 00:37:31,200 Speaker 1: very clearly also making news, Democratic Senator Joe Manchin calling 683 00:37:31,239 --> 00:37:34,240 Speaker 1: on the FED to tackle inflation head on how Speaker 684 00:37:34,360 --> 00:37:37,719 Speaker 1: Nancy Pelosi made a picture President Biden's economic agenda on 685 00:37:37,800 --> 00:37:39,960 Speaker 1: ABC's This Week with all the respect in the world 686 00:37:40,000 --> 00:37:43,480 Speaker 1: for my friend man And it's not right to say 687 00:37:43,560 --> 00:37:45,800 Speaker 1: that what we're doing is contributed to inflation, because it 688 00:37:45,920 --> 00:37:49,040 Speaker 1: is exactly the opposite. You can hear this week and 689 00:37:49,120 --> 00:37:52,240 Speaker 1: face the nation every Sunday right here on Bloomberg Radio 690 00:37:52,360 --> 00:37:56,239 Speaker 1: for more. We're joined by Bloomberg Government reporter Emily Wilkins. So, Emily, Uh, 691 00:37:56,520 --> 00:38:00,960 Speaker 1: diplomacy continues even as Russia continue US with these massive 692 00:38:01,040 --> 00:38:06,640 Speaker 1: military drills in Belarus. What's the latest? So at this 693 00:38:06,840 --> 00:38:09,600 Speaker 1: point we are hearing mornings as I think you just 694 00:38:10,000 --> 00:38:14,240 Speaker 1: showed from the White House that Russia could invade Ukraine 695 00:38:14,360 --> 00:38:17,560 Speaker 1: as soon as this week. Uh. The US has told 696 00:38:17,600 --> 00:38:21,480 Speaker 1: everyone in their embassy in kievs that to evacuate. UM. 697 00:38:21,719 --> 00:38:24,640 Speaker 1: Biden and Putin did speak over the weekend. They had 698 00:38:24,680 --> 00:38:28,880 Speaker 1: about an hour long hall on Saturday or Biden Warren 699 00:38:29,000 --> 00:38:33,680 Speaker 1: Putin that invading't Ukraine would cause widespread human suffering and 700 00:38:33,800 --> 00:38:37,160 Speaker 1: the West was committed to diplomacy, but equally prepared for 701 00:38:37,320 --> 00:38:40,800 Speaker 1: other scenarios. Now, there is still some disagreement between the 702 00:38:40,920 --> 00:38:44,719 Speaker 1: US and Europe about what sanctions would be Putin was 703 00:38:44,840 --> 00:38:49,120 Speaker 1: to invade Ukraine. That's part because different countries have different needs. 704 00:38:49,200 --> 00:38:52,640 Speaker 1: Germany really does lie to a certain extent on Russia 705 00:38:52,800 --> 00:38:55,440 Speaker 1: for its energy. Lots of questions around the North Stream 706 00:38:55,520 --> 00:38:58,040 Speaker 1: to pipeline. I mean, you just we just heard Wizzy 707 00:38:58,080 --> 00:39:00,960 Speaker 1: Graham say that he would want to put ancients on Putin, 708 00:39:01,360 --> 00:39:03,920 Speaker 1: and yet legislation that would do that in the Senate 709 00:39:04,040 --> 00:39:07,520 Speaker 1: has gotten solved over partisan tensions, and so it's not 710 00:39:07,719 --> 00:39:11,400 Speaker 1: clear yet when that legislation would pass on. Lawmakers were 711 00:39:11,440 --> 00:39:14,279 Speaker 1: hoping to have it before Putin would do any sort 712 00:39:14,280 --> 00:39:17,279 Speaker 1: of invasion, but it's not But but it doesn't look 713 00:39:17,320 --> 00:39:19,759 Speaker 1: possible that they're going to necessarily get it done this 714 00:39:20,000 --> 00:39:23,239 Speaker 1: week um, and so at this point everyone's very much 715 00:39:23,400 --> 00:39:28,160 Speaker 1: on high alert. Uh. Biden also spoke um with Ukrainian 716 00:39:28,360 --> 00:39:32,360 Speaker 1: president over the weekend, who invited Biden to come to Ukraine. 717 00:39:32,800 --> 00:39:34,880 Speaker 1: That's probably not going to happen, but we are going 718 00:39:34,960 --> 00:39:39,640 Speaker 1: to see continued diplomacy with European leaders. Germany's transpler is 719 00:39:39,719 --> 00:39:43,200 Speaker 1: expecting to visit both Kiev and Moscow in the upcoming days. 720 00:39:43,560 --> 00:39:46,719 Speaker 1: So diplomacy continues, but do we see any sign of 721 00:39:46,800 --> 00:39:50,280 Speaker 1: a potential off ramp in these tensions when it seems 722 00:39:50,440 --> 00:39:53,920 Speaker 1: as though diplomacy at least up to now, really hasn't 723 00:39:53,960 --> 00:39:56,279 Speaker 1: gotten very far in terms of getting Russia and the 724 00:39:56,320 --> 00:40:00,600 Speaker 1: West closer together. So and I think that that's that's 725 00:40:00,640 --> 00:40:03,359 Speaker 1: the question that everyone's really asking right now, Nathan. It's 726 00:40:03,400 --> 00:40:05,759 Speaker 1: sort of like, what else can the US and can 727 00:40:05,880 --> 00:40:09,200 Speaker 1: it's European allies do at this point? I mean, we 728 00:40:09,320 --> 00:40:12,239 Speaker 1: have continued to see troop build up, We've continued to 729 00:40:12,280 --> 00:40:15,239 Speaker 1: see Russia's or hold onto exhibition that you know, it's 730 00:40:15,320 --> 00:40:17,520 Speaker 1: it's not planning on in dating, and that the US 731 00:40:17,640 --> 00:40:21,040 Speaker 1: stroking hysteria UM. At the same point, there are all 732 00:40:21,440 --> 00:40:23,560 Speaker 1: these troops that have been on the border for for 733 00:40:23,640 --> 00:40:26,480 Speaker 1: more than a month now, and so at this point 734 00:40:26,520 --> 00:40:29,840 Speaker 1: you are seeing the US and European allies continue to 735 00:40:29,880 --> 00:40:33,440 Speaker 1: talk about diplomatic efforts, but if you look at the actions, 736 00:40:33,520 --> 00:40:36,279 Speaker 1: there's certainly been a build up in the warnings that 737 00:40:36,480 --> 00:40:40,360 Speaker 1: the US has sent UH and the the level of concern. 738 00:40:40,440 --> 00:40:43,640 Speaker 1: Initially they were saying that Putin went attack until after 739 00:40:43,760 --> 00:40:47,000 Speaker 1: the Olympics, UH now the new intelligence is that that's 740 00:40:47,080 --> 00:40:50,080 Speaker 1: not really the case. Only about thirty seconds left here, 741 00:40:50,120 --> 00:40:52,040 Speaker 1: But what do we know about this intelligence that the 742 00:40:52,120 --> 00:40:55,200 Speaker 1: Russia could invade this week? What's the what? What specifically 743 00:40:55,239 --> 00:40:58,640 Speaker 1: is the White House saying we don't actually know a 744 00:40:58,719 --> 00:41:02,440 Speaker 1: whole lot about what they're looking at. Obviously, this is 745 00:41:02,560 --> 00:41:05,200 Speaker 1: you know, part of the reasons the US isn't going 746 00:41:05,239 --> 00:41:08,440 Speaker 1: to show their their full hands here. Um. But Sullivan 747 00:41:08,520 --> 00:41:11,040 Speaker 1: said that they're putting forward what they know right now 748 00:41:11,200 --> 00:41:13,480 Speaker 1: about the U S and about Ukraine and sending the 749 00:41:13,520 --> 00:41:16,400 Speaker 1: message that messages that they are to try to stop 750 00:41:16,520 --> 00:41:20,440 Speaker 1: a war, and they're just showing the that for the 751 00:41:20,560 --> 00:41:22,880 Speaker 1: U S. Intelligence, they do believe this is a threat. 752 00:41:22,920 --> 00:41:25,680 Speaker 1: This is very real and that's could happen by the 753 00:41:25,800 --> 00:41:28,360 Speaker 1: end of the week. And of course we will continue 754 00:41:28,520 --> 00:41:31,600 Speaker 1: watching Bloomberg Government Report. Emily Wilkins, thank you as always 755 00:41:31,680 --> 00:41:34,600 Speaker 1: for the update from Washington. Karen Nathan. It is six 756 00:41:34,640 --> 00:41:36,960 Speaker 1: fifty six on Wall Street, and this is Bloomberg Day. 757 00:41:37,040 --> 00:41:39,640 Speaker 1: Bright February is Black History Month, and every day this 758 00:41:39,800 --> 00:41:42,920 Speaker 1: month we are celebrating significant moments in US black history. 759 00:41:43,280 --> 00:41:46,879 Speaker 1: Now with your installment for February fourteenth, here's Bloomberg's really 760 00:41:46,920 --> 00:41:49,640 Speaker 1: too young on this day in Black History. In eighteen 761 00:41:49,760 --> 00:41:53,480 Speaker 1: sixty seven, more House College was founded. Back then it 762 00:41:53,640 --> 00:41:56,759 Speaker 1: was called the Augusta Institute, housed in the basement of 763 00:41:56,840 --> 00:42:00,600 Speaker 1: Springfield Baptist Church in Augusta, Georgia, but then it would 764 00:42:00,680 --> 00:42:04,520 Speaker 1: move to Atlanta in eighteen seventy nine, go through a 765 00:42:04,600 --> 00:42:09,160 Speaker 1: couple of name changes, eventually in nineteen thirteen becoming more 766 00:42:09,200 --> 00:42:13,520 Speaker 1: House College. It was honoring Henry Lyman Moorehouse, the corresponding 767 00:42:13,600 --> 00:42:18,080 Speaker 1: secretary of the American Baptist Home Mission. Famous graduates of 768 00:42:18,160 --> 00:42:21,560 Speaker 1: Moore House include Dr Martin Luther King Jr. Spike Lee, 769 00:42:21,800 --> 00:42:26,160 Speaker 1: Samuel L. Jackson, and Herman Kane. That's today in Black History. 770 00:42:26,560 --> 00:42:29,680 Speaker 1: I'm rene to young Bloomberg Radio, all right, rened to 771 00:42:29,760 --> 00:42:32,640 Speaker 1: thank you and again. Futures are selling off this morning. 772 00:42:32,760 --> 00:42:35,359 Speaker 1: SMP futures down twenty eight points at down, futures down 773 00:42:35,400 --> 00:42:39,360 Speaker 1: one dred ninety three, NASDAG futures down one hundred seventeen. 774 00:42:39,480 --> 00:42:42,080 Speaker 1: They are off their loads of the morning. Though Bloomberg 775 00:42:42,160 --> 00:42:45,480 Speaker 1: surveillance is straight ahead for Nathan Hagar on Kara and Moscow. 776 00:42:45,880 --> 00:42:47,279 Speaker 1: And this is Bloomberg