Speaker 1: Live from the Bloomberg Interactive Workers studios. Is It's Bloomberg
Speaker 1: Daybreak for Monday, February fourteenth two. Coming up this hour,
Speaker 1: stock slide as geopolitical risks over Ukraine ripple through global markets.
Speaker 1: We take you to Europe and Asia for the latest
Speaker 1: market moves. The Fed takes a measured tone, with one
Speaker 1: official saying great heights should be dated dependent and the
Speaker 1: latest reasons why white paller workers do not want to
Speaker 1: return to the office full time. New York subway ridership
Speaker 1: is rebounding after a drop from Omicron. Plus the Bible
Speaker 1: crossing between the US and Canada has reopened. I'm Michael
Speaker 1: bark More Ahead, I'm John Stasharon. Sports super Bowl fifty
Speaker 1: six in l A. The Rams with a fourth quarter
Speaker 1: touchdown drive they beat the Bengals. That's all straight ahead
Speaker 1: on Bloomberg day Break on Bloomberg Element Tree on New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen
Speaker 1: and around the world. Old on Bloomberg Radio dot Com
Speaker 1: and via the Bloomberg Business Set. And Good Morning I'm
Speaker 1: Karen Moscow. I'm Nathan Haygar. Bloomberg Daybreak brought to you
Speaker 1: by Interactive Brokers Global Analysts that helps you find new
Speaker 1: global investment opportunities. To diversify your portfolio and discover undervalued
Speaker 1: companies that may have greater growth potential. Try IBK our
Speaker 1: Global Analysts today at ib k R dot com, slash
Speaker 1: g A and global stocks are tumbling this morning six
Speaker 1: o one on Wall Street. We checked the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg. S and
Speaker 1: P futures down now features down two hundred thirty eight
Speaker 1: and nasday futures down one forty six. And attend your
Speaker 1: treasury up five thirty seconds. The yield one nine per cent.
Speaker 1: Nathan Well, Karen. These dramatic moves in markets come as
Speaker 1: tensions built between Russia and Ukraine. Moscow's military build up
Speaker 1: near the border means this could be a decisive week
Speaker 1: in the conflict. Amy Morris has the latest from our
Speaker 1: Bloomberg newsroom in Washington. Vladimir Putin says the US has
Speaker 1: failed to meet his demands. The U s warrens and
Speaker 1: invasion is imminent. National Security Advisor Jake Sullivan told CBS
Speaker 1: has faced the nation. There's a possibility there will be
Speaker 1: a major military action very soon. They could launch a
Speaker 1: military action essentially at any time. They could do so
Speaker 1: this coming week, but of course it still awaits the
Speaker 1: gull order. Sullivan says Putin could move before the Winter
Speaker 1: Olympics and February. President Biden spoke with Putin for a
Speaker 1: little more than an hour on Saturday, with no real progress.
Speaker 1: Russia repeatedly denies any intention of invading Ukraine. In Washington,
Speaker 1: I maymy Morris Bloomberg Daybreak, Amy, thank your reaction pouring
Speaker 1: into the potential conflict over Ukraine. Harry L. Cooper, a
Speaker 1: senior fellow at the Atlantic Council, says an invasion looks imminent.
Speaker 1: We do not give puting what he wants. I think
Speaker 1: he will invade Ukraine. He hasn't excused his demands are
Speaker 1: impossible to fulfill, such as rolling back native to the
Speaker 1: lines of and I think he deliberately demanded such harsh
Speaker 1: demands in order to have their pretext the castle's belly
Speaker 1: to invade U create. That is Ariel Cohen with the
Speaker 1: Atlantic Council, who says Russia has denied plans to attack.
Speaker 1: The White House is threatening sweeping sanctions in response to
Speaker 1: any incursion. Well the tensions over Ukraine, Karen have stocked
Speaker 1: selling off this morning. Overnight equities in Asia slid for
Speaker 1: a second session. Let's get the recap from Bloomberg's Juliette
Speaker 1: Sally in Singapore. Good morning, Juliette, Good morning, Nathan and Karen.
Speaker 1: The m c I Asia Pacific Index fell over one percent.
Speaker 1: Japanese stocks among the worst performers as they played catch
Speaker 1: up following a three day weekend. Then a KTU to
Speaker 1: five was down by two point three in Tokyo Johanna
Speaker 1: c s I three hundred, and the equity market in
Speaker 1: Hong Kong, which is also facing a COVID outbreak, traded
Speaker 1: in the red. Energy stocks so but the trend across
Speaker 1: the region climbing as oil added to an eight week
Speaker 1: winning run, and the Bank of Japan intervened in the
Speaker 1: bond market to put a cap on ten year yields,
Speaker 1: which had risen to a six year high, by offering
Speaker 1: to buy an un limited amount of five to ten
Speaker 1: year in Singapore. Juliette Sally, Bloomberg Daybreak, Juliette, thank you,
Speaker 1: stocks in Europe this morning are under even more pressure.
Speaker 1: We go to Live to London and get the latest
Speaker 1: of the Bloomberg's Max Ramsey, Good morning, Max, Good morning
Speaker 1: Karen and Nathan. Yes, we're seeing real reverberations across the
Speaker 1: European assets amid this tense geopolitical situation. The mood in
Speaker 1: Europe very much risk off. We fall two point six
Speaker 1: percent on these stock six hundred foot see one hundred
Speaker 1: here in the UK, the best performer among the major
Speaker 1: European industries, but still down one point nine percent. The
Speaker 1: decks in Germany down three point one percent, and the
Speaker 1: cat arent leading losses down three point three percent, so
Speaker 1: catching up with the losses we saw in the US
Speaker 1: on Friday. In the equity markets bonds, also following Friday's
Speaker 1: US action, we see a bid for European sovereigns. The
Speaker 1: yields on the gender to the German tenure Bund falling
Speaker 1: eight basis points point to one nine percent there, and
Speaker 1: the tenure guilt yield falling five basis points one point
Speaker 1: five percent. The yield on the tenure guilt Live in London,
Speaker 1: Max Ramsey, Bloomberg Daybreak. Okay, Max, thanks for also seeing jail.
Speaker 1: Political tensions have an impact on energy markets. At one
Speaker 1: point this morning, crewed rallied more than one percent, at
Speaker 1: its highest level in eight years. Right now, both Nimex
Speaker 1: and Brent Cruder up two tenths per cent. West Texas
Speaker 1: Intermediates at ninety seven cents of barrel, Brent is at
Speaker 1: sixty well Nathan Ukraine tensions are dealing another blow to
Speaker 1: markets that are already skittish about inflation and interest rates.
Speaker 1: Forecast call for as many as seven rate highs from
Speaker 1: the Fed this year. San Francisco FED President Mary Daly
Speaker 1: says the Central Bank needs to be measured in its approach.
Speaker 1: What I would favor is moving in March and then watching, measuring,
Speaker 1: being very careful about what we see ahead of us,
Speaker 1: and then taking the next interest rate increase when it
Speaker 1: seems the best place to do that, and that could
Speaker 1: be in the next meeting or could be a meeting away.
Speaker 1: And San Francisco Fed President Mary Daily made the comments
Speaker 1: on Face the Nation from CBS, and you can hear
Speaker 1: the program every Sunday right here on Bloomberg Radio. Oh
Speaker 1: Karen is COVID cases ease across the country. Back to
Speaker 1: the office plans are coming back, But it turns out
Speaker 1: a growing number of white collar workers do not want
Speaker 1: to return to their desks full time. Let's get the
Speaker 1: details live from Bloomberg's Real need a young Good morning Granita,
Speaker 1: Good morning Nathan. Just three percent of white collar workers
Speaker 1: want to return to the office five days a week.
Speaker 1: That's according to a poll by management consultancy Advanced Workplace Associates,
Speaker 1: which warrants employees will quit if companies force them back
Speaker 1: full time. Eight six percent of the ten thousand employees
Speaker 1: polled globally want to work from home at least two
Speaker 1: days a week. People from all age groups at a
Speaker 1: broad range of industries felt the same way it. Advanced
Speaker 1: Workplace Associates managing director Andrew Mawson says bosses who are
Speaker 1: not sensitive to their employees needs will suffer. Accordingly, Live
Speaker 1: in New York. I'm gonna need a Young Bloomberg daybreak,
Speaker 1: all right, we need a thanks right now. SMP futures
Speaker 1: are down thirty nine point, staff futures down two undred
Speaker 1: sixty five. Dance Act futures are lower by a hundred
Speaker 1: sixty one points. The decks in Germany is down three
Speaker 1: point one percent. The cat in Paris lower by three
Speaker 1: point three percent. Sen Your Treasure three is up five
Speaker 1: thirty seconds, the yield one point nine comic scold up
Speaker 1: three quarters of one percent, up thirteen dollar sixty cents
Speaker 1: at eighteen fifty five seventy an ounce, and right now
Speaker 1: Bitcoin is trading at about forty two thousand, two hundred dollars.
Speaker 1: Straight Ahead will have your latest local headlines, plus a
Speaker 1: check of Super Bowl fifty six. This is Bloomberg at
Speaker 1: six oh seven on Wall Street, Worth seventeen degrees in
Speaker 1: Central Park. Heads up if you're headed to JFK Airport,
Speaker 1: there's an accident the southbound van Wicke at Liberty Avenue.
Speaker 1: Michael barrs here with what else is going on in
Speaker 1: New York and around the world. Good morning, Michael, Good
Speaker 1: morning nin Than. Transit officials in New York are hoping
Speaker 1: a recent uptick and subway ridership is a sign that
Speaker 1: the city is bouncing back from the omicron surge. The
Speaker 1: m g A reported subway ridership top three million for
Speaker 1: three days in a row last week. It was the
Speaker 1: first time that had happened since the omicron wave hit
Speaker 1: New York in mid December. Weekday ridership regular late top
Speaker 1: five point five million before COVID nineteen. A vital commerce
Speaker 1: crossing between Detroit and Windsor, Ontario has reopened. A truck
Speaker 1: blockade had closed the Ambassador Bridge for about a week.
Speaker 1: Windsor Police Chief Pamela Mazzuno says about a dozen people
Speaker 1: were arrested. Any unlawful activity in the area will not
Speaker 1: be tolerated and officers will take the necessary action to
Speaker 1: keep the peace and traffic flowing. There will be criminal
Speaker 1: consequences for those who interfere with or entrupt traffic flow.
Speaker 1: Chief Maszuno also says they seized five vehicles and towed
Speaker 1: seven more. Protesters were demonstrating over vaccine rules. Albuquerque police
Speaker 1: say they have arrested demand suspected of stabbing eleven people
Speaker 1: in the city. The apparent random incidents were reported at
Speaker 1: multiple locations. Police say the suspect rode a bike and
Speaker 1: was armed with a large knife. Senator Lindsay Graham says
Speaker 1: that he is moving forward from the January sixth Capital
Speaker 1: riot and the elections. Graham is instead focusing on the
Speaker 1: twenty two mid terms. I am not contesting the election.
Speaker 1: I like to reform the system, the problems we found
Speaker 1: in need to be addressed, but the election is over
Speaker 1: for me. Senator Braham also says that he believes President
Speaker 1: Trump stands a great chance of being elected in four
Speaker 1: provided he avoids talking about the elections. Graham spoke on
Speaker 1: ABC's This Week, which can be heard Sundays on Bloomberg.
Speaker 1: Many on social media say the Super Bowl halftime show
Speaker 1: was a huge success. The show on NBC had Dr
Speaker 1: Dre and Snoop Dogg kicking it off, and then Mary J.
Speaker 1: Blige was there with a surprise performance from and Slim
Speaker 1: Shady himself. M and M Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quick Take Power
Speaker 1: by more than twenty seven undred journalist and analysts more
Speaker 1: than a twenty countries. I'm Michael Barn this is Bloomberg, Nathan.
Speaker 1: Remember when Sugar Hill Gang was old school? Thanks Michael,
Speaker 1: coming up to sixth ten on Wall Street. Let's talk
Speaker 1: about the game. Now, here's John Stenshion, Thanks Nathan. The
Speaker 1: Rams had a lot to overcome in the Super Bowl.
Speaker 1: Early injury to the white out Odell Beckham, he had
Speaker 1: scored the game's first touchdown. They had that dropped hold
Speaker 1: on an extra point that would prove to be a
Speaker 1: factor and the blown call. The officials didn't see an
Speaker 1: offensive face mask on Cincinnati's seventy five yard touchdown that
Speaker 1: gave them the lead early third quarter, but after both
Speaker 1: teams were not doing much offensively, there were seven straight
Speaker 1: possessions that ended in punts. The Rams went on a
Speaker 1: long drive seventy nine yards. This was the fifteenth play
Speaker 1: Africa London, seven steps back pros, the faith fact shoulder
Speaker 1: Cooper Clubs got it Cooper cut incident in touchdown, touchdown,
Speaker 1: touchdown radio those cup second touchdown The Rams sack show
Speaker 1: Burrow seven times, nearly an eighth on a fourth and
Speaker 1: one in completion that gave the Rams to win twenty
Speaker 1: three to twenty with cup, the m d P and
Speaker 1: the second championship and franchise history. But the other one
Speaker 1: was when they played in St. Louis So Champa Bay
Speaker 1: last year. LA this season two years in a row
Speaker 1: Super Bowl winning teams playing in their home stadium. Devil's
Speaker 1: lost to Pittsburgh three two. St. John's lost the yukon
Speaker 1: sixty three sixty. The Red Storm was one in four
Speaker 1: while playing at the Gardens twentieth win of the year
Speaker 1: for Iona at the Olympics US one gold and silver
Speaker 1: in the new event women's singles. Bob's Lad. They'd call
Speaker 1: it Moto Bob. The gold, the Callie Humphreys who used
Speaker 1: to compete for Canada, and the silver. The thirty seven
Speaker 1: year old mom Elina Myers Taylor. The fifteen year old
Speaker 1: Russian figure skating phenom Tamila valley Eva will be allowed
Speaker 1: to compete des quite a recent failed drug test. John
Speaker 1: Stash Award Bluebird Sports Okay John Thanks SMP features down
Speaker 1: down thirty seven points down, futures down two hundred forty nine.
Speaker 1: Nastack futures are lower by a hundred fifty seven points.
Speaker 1: The tenure treasury is up three thirty seconds, the yield
Speaker 1: one point nine to With geopolitical risk at the four,
Speaker 1: we'll get the latest on the tensions over Ukraine. Next
Speaker 1: Smith University College, London's Julie Norman. This is Bloomberg Bloomberg
Speaker 1: eleven three oh weather sunny, breezy, highs only in the
Speaker 1: upper twenties today. We'll get into the mid thirties tomorrow,
Speaker 1: increasing clouds Wednesday with a high close stuff fifty Right
Speaker 1: now seventeen degrees in Central Park. Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business apt and at Bloomberg Cricktake this is
Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow's dogs falling
Speaker 1: around the world as geo political risks over Ukraine ripple
Speaker 1: through global markets, adding to concerns about inflation and the
Speaker 1: prospect of aggressive Federal Reserve interest rate hikes. To team it,
Speaker 1: we checked the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg SNP Future is down thirty eight points this morning.
Speaker 1: Down Future is down two d fifty six. Nasday futures
Speaker 1: down one fifty seven. The tacks in Germany's down three
Speaker 1: and a quarter percent, and your treasury up three thirty seconds.
Speaker 1: You had one point nine two percent yield on a
Speaker 1: two year one point five two per cent not Mexcrude
Speaker 1: oil is up two jos per cent or sixteen cents
Speaker 1: at ninety three dollar eight cents of barrel. Call mex
Speaker 1: school the three quarters of a percent or fourteen dollars
Speaker 1: at eighteen fifty six ten and ounce. The euro one
Speaker 1: point one three oh one against the dollar British found
Speaker 1: one point three five one one, the NSIT one fifteen
Speaker 1: point one nine, and Bitcoin this morning moving lower at
Speaker 1: forty two thousand, one hundred sixty dollars. That's a Bloomberg
Speaker 1: business flash. Now here's Michael Barr with more on what's
Speaker 1: going on around the world. Michael Karen, thank you very much.
Speaker 1: Some airlines have canceled flights to the capital of Ukraine,
Speaker 1: and troops there have unloaded fresh shipments of weapons from
Speaker 1: NATO members. The US has been warning of a possible
Speaker 1: invasion within days by a growing number of Russian forces.
Speaker 1: Aged President Volodimir Zelinski and President Joe Biden say. The
Speaker 1: two leaders spoke for about an hour on the phone yesterday.
Speaker 1: Russian leader Camilla Valieva has been cleared to compete in
Speaker 1: the women's figure skating competition at the Beijing Winter Olympics
Speaker 1: despite failing a pregames drug test. Super Bowl fifty six
Speaker 1: in the books Los Angeles Rams. They beat the Cincinnati
Speaker 1: Mangles in the NBA, The Celtics lost in the NHL.
Speaker 1: The Devil's Lost. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quick Take, powered by more
Speaker 1: than twenty seven under journalist a mantelist in more than
Speaker 1: a hundred twenty countries. I'm Michael barn This is Bloomberg, Nathan. Alright, Michael,
Speaker 1: thank you at six nineteen on Wall Street Live from
Speaker 1: the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We
Speaker 1: want to get more now on the situation with Ukraine.
Speaker 1: Julie Norman is with US lecture on Politics and International
Speaker 1: Relations at University College London. Professor, It's always good to
Speaker 1: speak with you. Over the last few days, we've been
Speaker 1: hearing from the US that the window is open for
Speaker 1: Russia to invade Ukraine pretty much at any time, including
Speaker 1: during the Olympics. I wonder whether the window is still
Speaker 1: open or is it closing further on diplomacy to try
Speaker 1: to head this off well, Nathan, that's certainly the big
Speaker 1: question this week, and we have heard an escalation of
Speaker 1: the sense of urgency and this is in response to
Speaker 1: a couple of things. First, at the end of last week,
Speaker 1: A Russia began military exercises in Belarus, which essentially placed
Speaker 1: Russian troops even closer to Kiev and Ukrainian border, as
Speaker 1: well as naval exercises in the Black sea to the
Speaker 1: movement of troops has on has shifted in a in
Speaker 1: a kind of a strategic way. Second is intelligence reports
Speaker 1: from U S Intelligence about the possibility of a false
Speaker 1: flag kind of incident to provoke a response. And third is,
Speaker 1: as you noted, just this sense that the roots to
Speaker 1: diplomacy do seem to be narrowing. With that said, German
Speaker 1: chance or Schultz will be in Kiev and Moscow this week. Uh,
Speaker 1: European leaders are continuing to meet. Biden of course spoke
Speaker 1: with Putting over the phone on the weekend, So there
Speaker 1: are still these very strong diplomatic first taking place. But
Speaker 1: at the same time, the situation does seem much more
Speaker 1: possible right now for an invasion than than any time previous. Yeah,
Speaker 1: there's been a lot of discussion among Western leaders and
Speaker 1: President Putin in terms of the security guarantees that Russia
Speaker 1: has been looking for. It doesn't seem though, as though
Speaker 1: this talk has got much of anywhere where. Do you
Speaker 1: see the possibility that we could see some kind of
Speaker 1: meeting in the middle in terms of what Russia is
Speaker 1: looking for from the Western alliance and just heading off
Speaker 1: the possibility of an invasion here. Yeah, Well, that's certainly
Speaker 1: the secret and what work you're obviously wants is a
Speaker 1: sort of guarantee that Ukraine will not be admitted to
Speaker 1: NATO any time soon or they any time in the future.
Speaker 1: Uh NATO of course does not want to make that
Speaker 1: kind of guarantee, is doubling down on their open door policy.
Speaker 1: So the States negotiations right now would be if there's
Speaker 1: any wiggle room within that. You know, some voices have said,
Speaker 1: would it be possible to call for a sort of
Speaker 1: moratorium or a certain time frame that would u then
Speaker 1: which Ukraine would not join NATO again. Those compromises make
Speaker 1: sense in some ways from the security compromise point of view,
Speaker 1: but you don't want to be making compromises like that
Speaker 1: because of a massitute build up and setting that as
Speaker 1: a precedent for making these kinds of compromises. So that's
Speaker 1: the tension right now. I think there are some potential
Speaker 1: ways that that there could be some compromises, but the
Speaker 1: situation is just as such a high expilratory point, it's
Speaker 1: very hard to make those concessions. Is there a disconnect
Speaker 1: that you can see between how the US and Europe
Speaker 1: are confronting Russia here and the reaction that we're hearing
Speaker 1: from Ukraine. It seems like over the last several days
Speaker 1: the message coming out of Ukraine is not to panic
Speaker 1: and to to try to ease tensions. Well, that's right.
Speaker 1: In Zialenki in particular has been very focused on this
Speaker 1: sense of projecting calm, not wanting people to panic um
Speaker 1: and that's partly just in terms of internal politics and
Speaker 1: not wanting to wear all the economy even further than
Speaker 1: it already has been within Ukraine, but also to try
Speaker 1: and himself de escalate what he obviously sees as a
Speaker 1: as a very tense situation as well. You know. With
Speaker 1: that said, the US and NATO, I think, are trying
Speaker 1: to learn some of the lessons from with Crimea, where
Speaker 1: they were much more closed in terms of their discourse.
Speaker 1: They did not, uh, you know, kind of publicized a
Speaker 1: lot of the intelligence they were having and they felt
Speaker 1: Putin took advantage of that. So they're trying to turn
Speaker 1: the cables this time, get out ahead of Putin, if
Speaker 1: you will, that he's on the back foot, than then
Speaker 1: responding to what they see as Russian moves. So it's
Speaker 1: a different kind of tactics for sure. Again, it's one
Speaker 1: that at least so far has you know, not led
Speaker 1: to an invasion yet. But again I think this week
Speaker 1: we'll we'll see if this kind of strategy is is
Speaker 1: going to yield some fruits. About thirty seconds left here,
Speaker 1: But are you getting any sense that this warning that
Speaker 1: Russia could face severe sanctions of severe economic penalties is
Speaker 1: playing in at all to how Russian President Putin is
Speaker 1: playing this. Most of them has of course downplayed these
Speaker 1: threats of sanctions, but in reality this would be quite
Speaker 1: hard hitting. Um it would Some of the sanctions that
Speaker 1: are being discussed would quite severely cripple the rouble, would
Speaker 1: really holte not only exports and trade, but also internal sectors,
Speaker 1: including defense, including technology that are important to Putting personally.
Speaker 1: So I do think that is playing into it. But
Speaker 1: the larger geo strategic and geopolitics questions and kind of
Speaker 1: its future sense of what the post colorder will look
Speaker 1: like seeing more of what with most driving Putins moved
Speaker 1: at the moment. Thanks for this, professor, always good having
Speaker 1: you on. Julie Norman Lecture on Politics and International Relations
Speaker 1: at University College London sp Futures down down thirty five
Speaker 1: point staff features down two hundred forty and nanosect futures
Speaker 1: are lower by a hundred fifty points just ahead. More
Speaker 1: on the market, sell off on geopolitical risk, and more
Speaker 1: office workers saying no thanks to going back to the office.
Speaker 1: Five things you need to know to start the day
Speaker 1: On Bloomberg Daybreak Bloomberg eleven three oh weather, sunshine, breezy,
Speaker 1: cold today, only upper twenties will be in the mid
Speaker 1: thirties tomorrow, increasing clouds Wednesday with a high clost to
Speaker 1: fifty right now seventeen degrees in Central part Broadcasting live
Speaker 1: from the Bloomberg Interactive Broker Studio in New York. Bloomberg
Speaker 1: E Living Freedom to Washington, d C, Bloomberg to Boston,
Speaker 1: Bloomberg one O six one does San Francisco, Bloomberg sixt
Speaker 1: to the country, Sirius XM Chado one nine teen and
Speaker 1: around the globe the Bloomberg Business apt in Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak. It's six thirty on
Speaker 1: Wall Street. Good morning. I'm Nathan Hagar and I'm Karen Moscow.
Speaker 1: Were just about three hours away from the open of
Speaker 1: US trading. Time for the five things you need to
Speaker 1: note to start your day Ron to you buy Interactive Brokers.
Speaker 1: Interactive Brokers charges margin loan rates from zero point seven
Speaker 1: five percent to one point five eight percent rate subject
Speaker 1: to change. Learn more at ibk r dot com. Slash
Speaker 1: compare up first stocks. You're tumbling as geo political risk
Speaker 1: over Ukraine ripple through global markets. Russia has repeatedly denied
Speaker 1: intentions to invade Ukraine, but the US is warning a
Speaker 1: conflict maybe imminent. Here's National Security Adviser Jake Sullivan. Russia
Speaker 1: wants to continue engaging diplomatically to find a way forward
Speaker 1: to address their security concerns and our security concerns. Were
Speaker 1: prepared to do that. At Fressia decides instead to take
Speaker 1: major military action against Ukraine. Were prepared to respond decisively.
Speaker 1: National Security Adviser Jake Sullivan made the comments on Face
Speaker 1: the Nation from CBS third Sundays. Right here on Bloomberg Radio. Now,
Speaker 1: we're seeing geopolitical tensions affect the energy markets, Karen. Right now,
Speaker 1: oil is a touch lower after rising for eight straight weeks.
Speaker 1: Some investors predict the hundred dollars of barrel right now,
Speaker 1: name excrudes at X down about two tenths per cent.
Speaker 1: Brent is lowered by two tenths percent as well at
Speaker 1: ninety four dollars six cents. Turning the economy now, Nathan.
Speaker 1: San Francisco Fed President Mary Daily is weighing in on policy.
Speaker 1: She says the FED needs to be measured and data dependent.
Speaker 1: Current forecast call for as many as seven interest rate
Speaker 1: hikes this year. Those COVID cases ease across the country.
Speaker 1: Back to the office plans are coming back, but it
Speaker 1: turns out a growing number of white collar workers do
Speaker 1: not want to return to the office full time. Let's
Speaker 1: get the details life from Bloomberg's Rnita Young. Good morning Granita,
Speaker 1: Good morning Nathan. Just three percent of white collar workers
Speaker 1: want to return to the office five days a week.
Speaker 1: That's according to a poll by management consultancy Advanced Workplace Associates,
Speaker 1: which warrants employees will quit if companies force them back
Speaker 1: full time. Scent of the ten thousand employees polled globally
Speaker 1: want to work from home at least two days a week.
Speaker 1: People from all age groups and broad ranges of industries
Speaker 1: felt the same way it. Advanced Workplace Associates managing director
Speaker 1: Andrew Mawson says bosses who are not sensitive to their
Speaker 1: employees needs will suffer. Accordingly, Live in New York, I'm
Speaker 1: rened to young Bloomberg Debreak. All right, we need to
Speaker 1: thank you. And the final thing you did to know
Speaker 1: this morning. The Rams are Super Bowl champions. L A
Speaker 1: beat the Bengals twenty three to twenty last night. Details
Speaker 1: and reaction coming up shortly in sports and as the
Speaker 1: five things you need to know to start your day,
Speaker 1: brought to you by Interactive Brokers. Again, futures are falling
Speaker 1: this morning. NASDAC futures are down one forty four points.
Speaker 1: That's down one per cent. Straight ahead your latest local headlines,
Speaker 1: and he has to check in sports, and this is
Speaker 1: Bloomberg Albright on Wall Street. We're still at seventeen degrees
Speaker 1: in Central Parks. Still dealing with an accident on the
Speaker 1: southbound Van Wick affecting your Ryan to Kennedy Airport. Details
Speaker 1: coming up in traffic. First Michael Barr with more on
Speaker 1: what's going on in New York and around the world.
Speaker 1: Good morning, Michael, Good morning Nathan. The busiest US Canada
Speaker 1: border crossing as reopened after protests against COVID nineteen restrictions
Speaker 1: closed it for most a week. The Detroit International Bridge
Speaker 1: company set in a statement late last night that the
Speaker 1: Ambassador Bridge is now fully open. Windsor Police Chief Pamela
Speaker 1: Mazzuno arrested over two dozen people yesterday, sees five vehicles
Speaker 1: and towed seven more. What was achieved today up to
Speaker 1: this point is a huge step in the right direction.
Speaker 1: Officers today made several arrests and were able to seize
Speaker 1: vehicles of demonstrators in the area. Meanwhile, the protests in
Speaker 1: Ottawa has paralyzed downtown. There are mixed messages on mask
Speaker 1: Governor Phil Murphy is among state leaders easing indoor mask
Speaker 1: requirements despite CDC guidelines. To the contrary, the Jersey governor
Speaker 1: says his decision impact schools and it's based on the
Speaker 1: drop in COVID cases in his state, not political pressure.
Speaker 1: What I am opposed to our other states state. I
Speaker 1: hate to get political, but they're overwhelmingly red states masks
Speaker 1: and then forced districts to Suva to allowing them wear masks.
Speaker 1: I think that's crazy, we did, Governor Murphy. However, Dr
Speaker 1: Darien Sutton, an emergency room physician, supports tougher CDC guidance
Speaker 1: on masks. Although the rates are coming down and I'm
Speaker 1: grateful for that. We still have approximately deaths per day
Speaker 1: from this virus, and I think we sadly normalized that.
Speaker 1: Dr Sutton spoke to a VC. Transit officials in New
Speaker 1: York are hoping a recent uptick and subway writership is
Speaker 1: a sign that the city is bouncing back from the
Speaker 1: omicron surge. According to subway writership top three million for
Speaker 1: three days in a row last week. The m t
Speaker 1: A says it was the first time that had happened
Speaker 1: since the omicron wave hit New York in mid December.
Speaker 1: New York Mayor Eric Adams is backing Letitia James for
Speaker 1: re election. James, who has State Attorney General, has led
Speaker 1: investigations into former President Donald Trump and former Governor Andrew Cuomo.
Speaker 1: Social media has been buzzing about the Super Bowl halftime show.
Speaker 1: Many say it is the best one they've seen. Each
Speaker 1: coom In Le Rappers, Snoop Dogg, and Dr Dre opened
Speaker 1: it up emin and almost part of the show, along
Speaker 1: with Mary Jane Lyns. Global News twenty four hours a
Speaker 1: day on the air and on Bloomberg quick Take, powered
Speaker 1: by more than twenty seven hundred journalists and analysts, are
Speaker 1: more than a hundred twenty countries. I'm Michael barn This
Speaker 1: is Bloomberg, Nathan Okay, Michael, thanks almost six thirty six
Speaker 1: on Wall Street. Let's get more on what book ended
Speaker 1: that halftime show. Here's John stansh Our. Thanks. Duper Bowl
Speaker 1: fifty six. It was a hot day in l A.
Speaker 1: And the Rams had a ten point lead but fell behind,
Speaker 1: trailed the Bengals for most of the second half, and
Speaker 1: Matthew Stafford led them on a super Bowl wedding drive
Speaker 1: in the fourth quarter, seventy nine yards, fifteen plays to
Speaker 1: help a couple of Bengal's penalties, and Stafford's third touchdown
Speaker 1: passed the second they went to Cooper Cup came with
Speaker 1: a minute half to go. When Aaron Donald and the
Speaker 1: l A defense stopped Cincinnati on a fourth and one,
Speaker 1: the Rams had the victory. Twenty Cup was far and
Speaker 1: away the NFL's top receiver this and he was the
Speaker 1: Super Bowl m v P. Not only eight catches, he
Speaker 1: had a big run on a fourth and one on
Speaker 1: that TV drive. His only mistake was he overthrew Stafford
Speaker 1: on a pass play that Donald von Miller bot that
Speaker 1: two sacks. Stafford wins the title in his first season
Speaker 1: in l a many years he had languished on bad
Speaker 1: teams in Detroit. That last drive was a crust to drive,
Speaker 1: one I'll never forget. Just so many great players, by
Speaker 1: so many great players, and uh just I'm just so
Speaker 1: happy to get it done. And uhas Mangles had quite
Speaker 1: a postseason run, but an inability to protect Joe Burrow
Speaker 1: caught up with them. Burrow sacks seven times, he got
Speaker 1: sacked nine times in lets playoff win. Earlier NBA eighth
Speaker 1: grade win for the Celtics, the NHL Pittsburgh three in
Speaker 1: the third period to beat the Devil's four two. At
Speaker 1: the Garden, Yukon beat St. John's sixty three sixty Red
Speaker 1: Store Owen six. Against ranked teams, the US won gold
Speaker 1: and silver in the Bob sled Callie Humphreys, Elana Meyers.
Speaker 1: Taylor Humphreys had previously won gold for Kenna Wiazaky Semifinals.
Speaker 1: Coming up, US will play been John Fish that We're moving,
Speaker 1: Thank you John sixty seven on Wall Street. Time to
Speaker 1: take a look at stock some of the names moving
Speaker 1: in the pre market. Bloomberg Radio and TV markets correspondent
Speaker 1: Pretty Gupta is with us this morning, and pretty looking
Speaker 1: at the broader market. You think everything's moving down this morning. Yeah,
Speaker 1: it's a pretty risk off tone. What's interesting is that
Speaker 1: your typical sectors that you would think would be up
Speaker 1: essentially on this kind of Russian risk news, they aren't.
Speaker 1: So what I'm thinking about here predominantly is going to
Speaker 1: be those oil companies because of course we know that
Speaker 1: geopolitical risk is priced in too, like the Brent crude
Speaker 1: hitting as high's nineties six dollars barrel Nathan getting closer
Speaker 1: to the dollar barrel stock. Yet you don't actually see
Speaker 1: that translate into some of those energy stocks, and that's
Speaker 1: a global phenomenon. Let me tell you why. Two of
Speaker 1: the biggest names where you would tend to see that
Speaker 1: move is going to be VP and Total Energy. These
Speaker 1: are energy companies in in Europe, in particular British Petroleum
Speaker 1: and of course French owned tot how Energy. So when
Speaker 1: you do see that geopolitical premium essentially higher oil prices,
Speaker 1: well you would want them, or it would make sense
Speaker 1: that those higher oil prices would benefit companies in Europe
Speaker 1: where that that need is most dire. But BP nevertheless
Speaker 1: actually down in pre market, down nine tenths of a percent.
Speaker 1: It also has a steak in Russia's energy giant Rosneft,
Speaker 1: so it does have that Russian exposure. So that's gonna
Speaker 1: be something you want to watch. Same story with Total
Speaker 1: Energies t t E is a ticker for those a
Speaker 1: d r s here down two tenths of a percent
Speaker 1: this morning. It was down more earlier in the session.
Speaker 1: That also has a nine percent steak in Russian energy giant. No,
Speaker 1: but text that those are two companies in the energy
Speaker 1: sector you want to keep a name keep an eye on. Yeah,
Speaker 1: interesting to see that Russian exposure to some of those companies.
Speaker 1: I mean, when we have this broad sell off this morning, creedy,
Speaker 1: is there anything catching a bid right now? Very very few,
Speaker 1: very slim pickings. You've got about three stocks in the
Speaker 1: grain right now. One of them, of course, is Newmont,
Speaker 1: which is a gold company in particular. So you have
Speaker 1: that Haven bid translating there, but still up by a ton.
Speaker 1: The one big mover that I'm seeing, and when I
Speaker 1: say big, helping up by five tenths of a percent,
Speaker 1: and that is Lockheed Martin l M t S your ticker.
Speaker 1: Now double whammy here on the first tent. It's a
Speaker 1: defense stock. So when we're talking about war risk, it
Speaker 1: kind of makes sense that an American defense company there's
Speaker 1: only two, Locky Martin and Boeing, would actually rally, and
Speaker 1: Boeing you're seeing kind of decline with the broader hit
Speaker 1: to risk. Locky Martin up, like said, five tens of percent,
Speaker 1: but it also is up because it ended its bid
Speaker 1: to buy aerojet rocket Dine after the FDC suit to
Speaker 1: block the four point four billion dollar deal on the
Speaker 1: grounds that it would hurt competition among defense contractors. So
Speaker 1: just the idea that Lockheed is actually saving some money
Speaker 1: UM on that deal interesting. Bloomberg Radio and TV Markets corresponded,
Speaker 1: Creedy grouped keeping an eye on what's happening in the
Speaker 1: pre market as we do see uh this broad sell
Speaker 1: off on geopolitical risk this morning. Right now, SMP futures
Speaker 1: are down thirty two points, Stayle futures down two d eighteen.
Speaker 1: Nasdaq futures leading the declines on Wall Street this morning.
Speaker 1: They're down a hundred thirty points, or nine tenths of
Speaker 1: one percent. Major selling continues in European stocks, with Germany's
Speaker 1: docks down three point two percent right now. The cat
Speaker 1: in Paris is lower by three and a half percent.
Speaker 1: The FLIXI in London down one nine percent, and it's
Speaker 1: in your treasury right now, up five thirty seconds, the
Speaker 1: yield one point nine one per cent. An update on
Speaker 1: Ukraine next with Bloomberg Government's Emily Wilkins. This is Bloomberg
Speaker 1: Bloomberg eleven three oh weather. Sunshine and breeze today with
Speaker 1: high and the upper twenties will be in the mid
Speaker 1: thirties tomorrow, upper forties, maybe fifty degrees by Wednesday under
Speaker 1: increasing clouds right now seventeen in Central Park Markets, headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business at and at Bloomberg Quick Take.
Speaker 1: He's a Bloomberg Business lash and I'm Karen Moscow and
Speaker 1: US Dock Index futures are lower this morning. We go
Speaker 1: to the first word Breaking News Day US for today's
Speaker 1: morning call. Here's Bill Maloney. Bill, good morning, and good morning, Karen.
Speaker 1: That's right. US futures are under pressure and made added
Speaker 1: Ukraine tensions to futures currently down two points. Sup s
Speaker 1: drop thirty four now that's the future is lower by
Speaker 1: one forty two. The US ten yeld at one point
Speaker 1: nine two. Golden oil are both little changed. Bitcoin is
Speaker 1: hired by point eight percent and Japan fell two point
Speaker 1: two percent overnight. My Up markets are also under pressure,
Speaker 1: with most markets down at least three percent. Back in
Speaker 1: the US, nothing to report on the economic front and
Speaker 1: a deal news locked Martin scrapped its bid to buy
Speaker 1: Aero Jets, and the ft report that Pelton's McCarthy dismissed
Speaker 1: the idea of a potential sale. In other news, Bowman
Speaker 1: Sacks cut its sub five hundred forecasts on the prospect
Speaker 1: of aggressive rate heights and wrapping things up. Tyson was
Speaker 1: cut to equate over Barkley's JP Morgan cuts a hold
Speaker 1: well right. Jeffreys Live from the First Breaking News deskm
Speaker 1: Bill Maloney Camp all right, Bill, thank you, and here
Speaker 1: lie breaking news. Over your Bloomberg type squawk on your ermin.
Speaker 1: I'll sue you a w u K. That's a Bloomberg
Speaker 1: business flash. Now here's Michael Barrow with more on what's
Speaker 1: going on around the world. Michael Darren, thank you very much.
Speaker 1: Tensions over Russia's military build up near Ukraine or entering
Speaker 1: a potentially decisive week with the US warning and invasion,
Speaker 1: Maybe imminent Russian President Vladimir Putin is accusing America failing
Speaker 1: to meet his demands. Meanwhile, President Joe Biden spoke with
Speaker 1: Ukraine's president yesterday. Russian teenager coming Up vile Eva has
Speaker 1: been cleared to compete in the women's figure skating competition
Speaker 1: at the Beijing Winter Olympics despite failing a pregames drug test.
Speaker 1: Super Bowl fifty six is in the books Los Angeles.
Speaker 1: They beat the Cincinnati Bengals three twenty. The Rams have
Speaker 1: won their final victory with Matthew Stafford at least for
Speaker 1: now anyway, in the NBA of the Celtics lost in
Speaker 1: the NHL, The Devil's Lost. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty journalist analysts thy countries. I'm Michael bar
Speaker 1: This is Bloomberg. The following commentary is from Bloomberg Opinion.
Speaker 1: What you can learn taking a bus to the Super Bowl.
Speaker 1: I'm Justin Fox, the columnist for Bloomberg Opinion. A few
Speaker 1: days before Sunday's Super Bowl, I traveled via light rail
Speaker 1: and bus to the host stadium in the Los Angeles
Speaker 1: suburb of Englewood, then I took a bus and a
Speaker 1: bus rapid transit line that runs down the middle of
Speaker 1: a freeway to downtown l A, an underground heavy rail
Speaker 1: train to Koreatown, and express bus to Westwood, and a
Speaker 1: bus back to Santa Monica, where I'm currently staying. Yes,
Speaker 1: you can do all that in Los Angeles, which is
Speaker 1: not exactly known for its public transportation infrastructure, but has
Speaker 1: seen smaller drops in transit ridership during the pandemic than
Speaker 1: other big US cities. That's partly because, unlike in other cities,
Speaker 1: the white collar workers who've gone remote over the past
Speaker 1: two years never relied much on public transportation. Here to
Speaker 1: begin with, I'm justin Fox. For more opinion, please go
Speaker 1: to Bloomberg dot com, Slash Opinion or O P I
Speaker 1: n go on the Bloomberg terminal. These has been Bloomberg
Speaker 1: Opinion and Bloomberg Opinion commentaries can be heard every weekday
Speaker 1: at this time, and terminal customers can read more at
Speaker 1: O P I n go. It is six fifty on
Speaker 1: Wall Street. Return to news and science and technology now
Speaker 1: with the Bloomberg and J. A. T. Stem Report, And
Speaker 1: here's what's making news and science, technology, engineering, and math,
Speaker 1: scientists and governments will meet later today to finish a
Speaker 1: major United Nations report on how global warming disrupts people's lives,
Speaker 1: their natural environment, and the earth itself. The United Nations
Speaker 1: Intergovernmental Panel on Climate Change, a collection of hundreds of
Speaker 1: the world's top scientists, issues three huge reports on climate
Speaker 1: change every five to seven years. Rolls Royce Holdings, the
Speaker 1: engine maker known for powering Boeing and Airbus workhorse jets,
Speaker 1: expects a fully electric small aircraft in three to five years.
Speaker 1: A top company executive tells us. The first commercial application
Speaker 1: of pie volt a battery electric system, will have about
Speaker 1: six hundred kilowatt hours of power, which will enable flying
Speaker 1: six to eight people as far as eighty nautical miles.
Speaker 1: And cryptocurrency exchanges were featured. Amid a Super Bowl ad
Speaker 1: blitz that cost as much as seven million dollars for
Speaker 1: thirty seconds. Coin Based Global had an ad featuring at
Speaker 1: QR code that viewers had to scan to find out
Speaker 1: what the spot was about. Those who did were invited
Speaker 1: to sign up and get fifteen dollars. Fd X Trading,
Speaker 1: another exchange ran an ad with comedian Larry David and
Speaker 1: crypto dot com spot featured basketball great Lebron James and
Speaker 1: as a Bloomberg and j I t Stem report. Nathan, Okay, Karen,
Speaker 1: thank you. We are live from the Bloomberg Interactive Brokers
Speaker 1: studios where it's almost six fifty two on Wall Street
Speaker 1: Time Now to check what's going on in d C.
Speaker 1: Some of the top stories in our nation's capital include
Speaker 1: the crisis over Ukraine. White House National Security Adviser Jake
Speaker 1: Sullivan says the US is open to diplomacy but prepared
Speaker 1: to respond if Russia invades. We have seen over the
Speaker 1: course of the past ten days uh dramatic acceleration in
Speaker 1: the build up of Russian forces and the disposition of
Speaker 1: those forces in such a way that they could launch
Speaker 1: a military action essentially at any time. Jake Sullivan was
Speaker 1: on CBS's Face the Nation. Republican Senator Lindsey Graham says
Speaker 1: the U s should take action against Vladimir Putin now.
Speaker 1: He was on ABC's this week, got a hundred thousand
Speaker 1: troops and massed on the Ukrainian border, and he's paying
Speaker 1: no price at all. So I'd like to hit him
Speaker 1: now for the provocation and have plancons sanctions spelled out
Speaker 1: very clearly also making news, Democratic Senator Joe Manchin calling
Speaker 1: on the FED to tackle inflation head on how Speaker
Speaker 1: Nancy Pelosi made a picture President Biden's economic agenda on
Speaker 1: ABC's This Week with all the respect in the world
Speaker 1: for my friend man And it's not right to say
Speaker 1: that what we're doing is contributed to inflation, because it
Speaker 1: is exactly the opposite. You can hear this week and
Speaker 1: face the nation every Sunday right here on Bloomberg Radio
Speaker 1: for more. We're joined by Bloomberg Government reporter Emily Wilkins. So, Emily, Uh,
Speaker 1: diplomacy continues even as Russia continue US with these massive
Speaker 1: military drills in Belarus. What's the latest? So at this
Speaker 1: point we are hearing mornings as I think you just
Speaker 1: showed from the White House that Russia could invade Ukraine
Speaker 1: as soon as this week. Uh. The US has told
Speaker 1: everyone in their embassy in kievs that to evacuate. UM.
Speaker 1: Biden and Putin did speak over the weekend. They had
Speaker 1: about an hour long hall on Saturday or Biden Warren
Speaker 1: Putin that invading't Ukraine would cause widespread human suffering and
Speaker 1: the West was committed to diplomacy, but equally prepared for
Speaker 1: other scenarios. Now, there is still some disagreement between the
Speaker 1: US and Europe about what sanctions would be Putin was
Speaker 1: to invade Ukraine. That's part because different countries have different needs.
Speaker 1: Germany really does lie to a certain extent on Russia
Speaker 1: for its energy. Lots of questions around the North Stream
Speaker 1: to pipeline. I mean, you just we just heard Wizzy
Speaker 1: Graham say that he would want to put ancients on Putin,
Speaker 1: and yet legislation that would do that in the Senate
Speaker 1: has gotten solved over partisan tensions, and so it's not
Speaker 1: clear yet when that legislation would pass on. Lawmakers were
Speaker 1: hoping to have it before Putin would do any sort
Speaker 1: of invasion, but it's not But but it doesn't look
Speaker 1: possible that they're going to necessarily get it done this
Speaker 1: week um, and so at this point everyone's very much
Speaker 1: on high alert. Uh. Biden also spoke um with Ukrainian
Speaker 1: president over the weekend, who invited Biden to come to Ukraine.
Speaker 1: That's probably not going to happen, but we are going
Speaker 1: to see continued diplomacy with European leaders. Germany's transpler is
Speaker 1: expecting to visit both Kiev and Moscow in the upcoming days.
Speaker 1: So diplomacy continues, but do we see any sign of
Speaker 1: a potential off ramp in these tensions when it seems
Speaker 1: as though diplomacy at least up to now, really hasn't
Speaker 1: gotten very far in terms of getting Russia and the
Speaker 1: West closer together. So and I think that that's that's
Speaker 1: the question that everyone's really asking right now, Nathan. It's
Speaker 1: sort of like, what else can the US and can
Speaker 1: it's European allies do at this point? I mean, we
Speaker 1: have continued to see troop build up, We've continued to
Speaker 1: see Russia's or hold onto exhibition that you know, it's
Speaker 1: it's not planning on in dating, and that the US
Speaker 1: stroking hysteria UM. At the same point, there are all
Speaker 1: these troops that have been on the border for for
Speaker 1: more than a month now, and so at this point
Speaker 1: you are seeing the US and European allies continue to
Speaker 1: talk about diplomatic efforts, but if you look at the actions,
Speaker 1: there's certainly been a build up in the warnings that
Speaker 1: the US has sent UH and the the level of concern.
Speaker 1: Initially they were saying that Putin went attack until after
Speaker 1: the Olympics, UH now the new intelligence is that that's
Speaker 1: not really the case. Only about thirty seconds left here,
Speaker 1: But what do we know about this intelligence that the
Speaker 1: Russia could invade this week? What's the what? What specifically
Speaker 1: is the White House saying we don't actually know a
Speaker 1: whole lot about what they're looking at. Obviously, this is
Speaker 1: you know, part of the reasons the US isn't going
Speaker 1: to show their their full hands here. Um. But Sullivan
Speaker 1: said that they're putting forward what they know right now
Speaker 1: about the U S and about Ukraine and sending the
Speaker 1: message that messages that they are to try to stop
Speaker 1: a war, and they're just showing the that for the
Speaker 1: U S. Intelligence, they do believe this is a threat.
Speaker 1: This is very real and that's could happen by the
Speaker 1: end of the week. And of course we will continue
Speaker 1: watching Bloomberg Government Report. Emily Wilkins, thank you as always
Speaker 1: for the update from Washington. Karen Nathan. It is six
Speaker 1: fifty six on Wall Street, and this is Bloomberg Day.
Speaker 1: Bright February is Black History Month, and every day this
Speaker 1: month we are celebrating significant moments in US black history.
Speaker 1: Now with your installment for February fourteenth, here's Bloomberg's really
Speaker 1: too young on this day in Black History. In eighteen
Speaker 1: sixty seven, more House College was founded. Back then it
Speaker 1: was called the Augusta Institute, housed in the basement of
Speaker 1: Springfield Baptist Church in Augusta, Georgia, but then it would
Speaker 1: move to Atlanta in eighteen seventy nine, go through a
Speaker 1: couple of name changes, eventually in nineteen thirteen becoming more
Speaker 1: House College. It was honoring Henry Lyman Moorehouse, the corresponding
Speaker 1: secretary of the American Baptist Home Mission. Famous graduates of
Speaker 1: Moore House include Dr Martin Luther King Jr. Spike Lee,
Speaker 1: Samuel L. Jackson, and Herman Kane. That's today in Black History.
Speaker 1: I'm rene to young Bloomberg Radio, all right, rened to
Speaker 1: thank you and again. Futures are selling off this morning.
Speaker 1: SMP futures down twenty eight points at down, futures down
Speaker 1: one dred ninety three, NASDAG futures down one hundred seventeen.
Speaker 1: They are off their loads of the morning. Though Bloomberg
Speaker 1: surveillance is straight ahead for Nathan Hagar on Kara and Moscow.
Speaker 1: And this is Bloomberg