WEBVTT - Bloomberg Daybreak: March 31, 2022 - Hour 2 (Radio) 0:00:01.320 --> 0:00:04.640 Live from the Bloomberg Interactive Burgers studios. This is Bloomberg 0:00:04.680 --> 0:00:08.560 Daybreak for Thursday, March thirty one. Coming up this hour, 0:00:08.840 --> 0:00:12.200 crude falls as the Viben administration weighs of massive oil 0:00:12.280 --> 0:00:15.480 release to combat inflation. The White House says Vladimir Putin 0:00:15.520 --> 0:00:19.000 is being misinformed about the war by advisors. Apple and 0:00:19.040 --> 0:00:23.440 Facebook mistakenly gave customer data to hackers, and global stocks 0:00:23.440 --> 0:00:26.080 are on track for their worst quarter in two years. 0:00:26.400 --> 0:00:29.080 New York City dismantles more than two hundred homeless and 0:00:29.160 --> 0:00:31.880 encampments in the past two weeks plus. Bird Flew was 0:00:31.920 --> 0:00:34.959 spreading in the US. I'm Michael bar more ahead, I'm 0:00:35.000 --> 0:00:37.440 down Stash and fourth. The Nicks lost the Starlette at 0:00:37.440 --> 0:00:39.800 the Garden, the Rangers one in overtime at Detroit, and 0:00:39.880 --> 0:00:44.200 a surprising coaching change in the n at them. That's 0:00:44.240 --> 0:00:49.120 all straight ahead on Bloomberg Daybreak on Bloomberg ELEVENTREO New York, 0:00:49.280 --> 0:00:54.000 Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston, 0:00:54.160 --> 0:00:58.680 Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 0:00:59.040 --> 0:01:01.840 and around the world. Go on Bloomberg Radio dot Com 0:01:01.880 --> 0:01:08.600 and via the Bloomberg Business. Good morning. I'm Nathan Hager 0:01:08.959 --> 0:01:11.880 and I'm Karen. Moscow and US Dock Index futures are 0:01:11.920 --> 0:01:14.400 mostly higher this morning six oh one on Wall Street, 0:01:14.440 --> 0:01:16.600 and we checked the markets every fifteen minutes throughout the 0:01:16.600 --> 0:01:19.680 trading day on Bloomberg. Right now, S and P futures 0:01:19.680 --> 0:01:21.840 are up four and a half points to down futures 0:01:21.840 --> 0:01:24.560 are a little changed, and Nasdaq future is up fifty eight. 0:01:24.840 --> 0:01:27.319 The decks in Germany's down about a tenth of a percent. 0:01:27.600 --> 0:01:30.319 Ten year treasury up seven thirty seconds, l two point 0:01:30.360 --> 0:01:32.880 three two percent, and the yield on the two year 0:01:32.959 --> 0:01:35.959 two point to seven percent. And now I'm ex scrude 0:01:35.959 --> 0:01:39.000 oil is down more than six percent. Nathan, A right, Karen. 0:01:39.040 --> 0:01:40.640 We'll have more on the markets in a minute. First, 0:01:40.680 --> 0:01:43.199 let's get to the latest on the war. Ukraine says 0:01:43.200 --> 0:01:46.760 ceasefire talks with Russia could resume tomorrow. This would follow 0:01:46.760 --> 0:01:50.280 negotiations in Turkey earlier this week that led to no ceasefire, 0:01:50.560 --> 0:01:53.000 but did have Russia saying it would de escalate near 0:01:53.040 --> 0:01:56.360 the cities of Kiev and Turnittiv. Pentagon spokesman John Kirby 0:01:56.360 --> 0:01:59.200 says it's less of de escalation and more like a repositioning. 0:01:59.600 --> 0:02:02.480 If the Russians were really serious about de escalating, and 0:02:03.320 --> 0:02:06.320 the way they spun this yesterday um that they're trying 0:02:06.320 --> 0:02:08.359 to take the pressure off, well, then send them home. 0:02:08.680 --> 0:02:10.360 And that's not what they're doing, at least not yet 0:02:10.520 --> 0:02:13.000 kind of gone spokesman John Kirby and the defense officials 0:02:13.000 --> 0:02:15.680 in the UK say there are still significant Russians showing 0:02:15.720 --> 0:02:18.120 around her and have and they're holding positions to the 0:02:18.160 --> 0:02:21.240 east and west of Kiev despite withdrawing a limited number 0:02:21.240 --> 0:02:24.520 of troops. Meantime, Nathan, it looks like Vladimir Putin may 0:02:24.560 --> 0:02:27.520 not be getting accurate information on the war. According to 0:02:27.560 --> 0:02:30.880 the White House, the Russian president has been misinformed by 0:02:30.960 --> 0:02:34.600 advisors about his military's performance in Ukraine and the effect 0:02:34.680 --> 0:02:37.720 of sanctions on the economy. Amy Morris has details from 0:02:37.720 --> 0:02:41.600 our Bloomberg ninety one newsroom in Washington. White House Communications 0:02:41.639 --> 0:02:44.880 Director Kate Bettingfield says they have information the Russian military 0:02:45.000 --> 0:02:48.960 is deliberately misleading Putent. We believe he's being misinformed by 0:02:49.000 --> 0:02:52.519 his advisors about how badly the Russian military is performing 0:02:52.880 --> 0:02:55.520 and how the Russian economy is being crippled by sanctions. 0:02:55.800 --> 0:02:58.680 Because again his senior advisors are too afraid to tell 0:02:58.760 --> 0:03:01.960 him the truth, and betting Field says that's created persistent 0:03:02.040 --> 0:03:05.960 tension between Putin and his military leadership in Washington. I'm 0:03:06.000 --> 0:03:08.359 maybe Morris Bloomberg, Daybreak, All right, Amy, thank you. No, 0:03:08.560 --> 0:03:11.919 energy prices have climbed sharply since the start of the war. Now, 0:03:11.960 --> 0:03:15.200 the Biden administration's weighing a massive release of oil from 0:03:15.280 --> 0:03:17.720 US reserves. Let's get the latest on that live from 0:03:17.720 --> 0:03:20.880 Bloomberg's RNDA Young. Good morning, Granita, Good morning, Nathan. Bloomberg 0:03:21.000 --> 0:03:23.720 sources say the White House is considering releasing about a 0:03:23.760 --> 0:03:26.680 million barrels of oil a day from US reserves for 0:03:26.720 --> 0:03:29.560 several months. The total release could be as much as 0:03:29.600 --> 0:03:33.160 one eighty million barrels. Along with the plan comes a 0:03:33.240 --> 0:03:36.000 diplomatic push for the i e A to coordinate a 0:03:36.040 --> 0:03:39.320 global release by other countries. A final decision on that 0:03:39.360 --> 0:03:42.280 has not been reached yet, but Bloomberg sources say the 0:03:42.280 --> 0:03:45.040 White House may make an announcement on the US release 0:03:45.280 --> 0:03:48.480 as soon as today. Live in New York, I'm Ranita 0:03:48.520 --> 0:03:50.640 Young Bloomberg Day Break, All right, Nita, thank you, and 0:03:50.720 --> 0:03:53.360 checking oil right now and night screwed. Oil is down 0:03:53.440 --> 0:03:56.240 more than six percent, down six dollars fifty four cents 0:03:56.280 --> 0:03:58.600 at a hundred one dollar twenty seven cents of barrel 0:03:58.840 --> 0:04:01.200 Bran is down more than five percent and a hundred 0:04:01.280 --> 0:04:03.920 seven dollars sixty eight cents, and the drop and Crewed 0:04:04.000 --> 0:04:06.120 is helping lift stock futures as we close out the 0:04:06.160 --> 0:04:08.920 last trading day at the first quarter, even with recent games, 0:04:08.920 --> 0:04:11.760 global equities are on track for their worst quarter in 0:04:11.840 --> 0:04:15.280 two years, and Goldman Sachs Chief equity strategist David Coston 0:04:15.360 --> 0:04:19.520 warrants the upcoming earning season may weigh on stocks. It's 0:04:19.560 --> 0:04:23.400 been a particularly difficult quarter from a operational point of 0:04:23.480 --> 0:04:25.680 view for managements. You think about the first month of 0:04:25.680 --> 0:04:29.280 the year of January was largely overshadowed by Amicron, and 0:04:29.360 --> 0:04:31.760 then you had the higher rates that really kicked in 0:04:31.760 --> 0:04:34.760 in February, and then you have most recently the tragedy 0:04:34.760 --> 0:04:37.600 in the war in Ukraine. So you have these events 0:04:37.600 --> 0:04:39.880 that have really impeded a lot of sales for for 0:04:39.880 --> 0:04:43.000 a lot of companies. Goldman Sachs Chief equities strategist David 0:04:43.040 --> 0:04:45.360 Coston sees less than a two percent game for the 0:04:45.520 --> 0:04:47.479 S and P five hundred the rest of the year, 0:04:47.760 --> 0:04:50.200 as Conston says, higher interest rates have certainly been a 0:04:50.240 --> 0:04:52.320 negative for stocks, and there's more to come from the 0:04:52.320 --> 0:04:55.599 Fed on that front. Richmond President Thomas Barkin says he's 0:04:55.640 --> 0:04:58.240 open to hiking rates by fifty basis points at the 0:04:58.279 --> 0:05:01.680 next policy meeting. Come open to it. I think the 0:05:01.800 --> 0:05:03.719 question and will make this decision when we get to 0:05:03.720 --> 0:05:07.480 the meeting in May, is how strong does the economy 0:05:07.680 --> 0:05:09.560 does still look in terms of its ability to take 0:05:09.600 --> 0:05:13.120 great increases and how high is inflation persistent? So I'm 0:05:13.160 --> 0:05:14.800 looking at both of those and will make our call 0:05:14.880 --> 0:05:17.719 in May. Richmond FED Chief Thomas Barkin made the comments 0:05:17.720 --> 0:05:20.720 in an interview with Bloomberg Radio and Television. Meantime, Ester 0:05:20.880 --> 0:05:23.120 George wants to raise rates at a more moderate pace. 0:05:23.200 --> 0:05:26.560 The Kansas City Fed president favors a steady approach. That's 0:05:26.600 --> 0:05:29.720 not an argument for stalling the removal of accommodation, but 0:05:29.760 --> 0:05:33.640 I do think it's suggests that a steady, deliberate approach 0:05:33.720 --> 0:05:37.520 for the path of policy will provide space to monitor 0:05:37.600 --> 0:05:41.240 developments there as they unfold. Until now, Kansas City Fed 0:05:41.240 --> 0:05:44.039 President Esther George had been among the more hawkish officials 0:05:44.040 --> 0:05:46.720 at the FED. Well, we turn to economic activity in 0:05:46.760 --> 0:05:51.040 Asia Now, Nathan, we're China's manufacturing activity contracted in March. 0:05:51.480 --> 0:05:54.880 The slowdown came as authorities lockdown major technology and factory 0:05:54.920 --> 0:05:58.279 hubs due to COVID. Bloomberg Daybreak Asia anchor Bran Curtis 0:05:58.320 --> 0:06:01.120 has more the official pm I fell to forty nine 0:06:01.160 --> 0:06:04.160 point five, contracting for the first time in five months. 0:06:04.480 --> 0:06:07.080 That was lower than the estimate of forty nine point eight. 0:06:07.360 --> 0:06:10.320 The non manufacturing gauge slumped to forty eight point four, 0:06:10.480 --> 0:06:14.600 also below forecasts. China is battling its worst COVID outbreaks 0:06:14.600 --> 0:06:18.080 since the pandemic began. It's thought that areas covering roughly 0:06:18.920 --> 0:06:23.719 of China's GDP are affected. Brian Curtis Sploomberg Daybreak, Thank you, Brian. 0:06:23.760 --> 0:06:25.640 Back here in the US, word of a data breach 0:06:25.640 --> 0:06:29.000 at Apple and Facebook. Sources tell Bloomberg Apple and Meta 0:06:29.040 --> 0:06:32.960 platforms provided customer data to hackers who masqueraded as law 0:06:33.080 --> 0:06:36.600 enforcement officials, and we get the story from Bloomberg's Charlie Pellett. 0:06:36.680 --> 0:06:40.520 Apple and Meta are said to have provided basics subscriber 0:06:40.560 --> 0:06:43.520 to details such as a customer's address, phone number, and 0:06:43.680 --> 0:06:47.760 I P address. In mid one, in response to the 0:06:47.839 --> 0:06:52.560 forged emergency data requests, according to the sources. Normally such 0:06:52.640 --> 0:06:55.800 requests are only provided with a search warrant or subpoena 0:06:56.000 --> 0:07:00.000 signed by a judge. However, the emergency request don't require 0:07:00.000 --> 0:07:04.799 are a court order. In New York, Charlie pell Bloomberg daybreak. Okay, Charlie, 0:07:04.800 --> 0:07:07.479 thanks right now. S and P futures are up six points. 0:07:07.480 --> 0:07:10.000 So are Dow futures. Dance Act futures highed by sixty 0:07:10.080 --> 0:07:12.800 eight ten. Your treasury is up seven thirty seconds, the 0:07:12.880 --> 0:07:15.160 yield two point three two per cent. Straight ahead your 0:07:15.240 --> 0:07:18.360 latest local headlines and to check of sports. This is 0:07:18.440 --> 0:07:24.960 Bloomberg in six or seven on wall streets. Starting to 0:07:24.960 --> 0:07:27.680 see some showers now forty seven degrees in central parks, 0:07:27.720 --> 0:07:29.520 so pretty quiet on the roads, out of the typical 0:07:29.800 --> 0:07:31.720 volume delays this time of the morning. We'll check with 0:07:31.800 --> 0:07:34.200 traffic shortly. First, Michael Bars here with more on what's 0:07:34.200 --> 0:07:36.400 going on in New York and around the world. Michael, 0:07:36.480 --> 0:07:38.720 thank you very much. Nathan and New York City Task 0:07:38.800 --> 0:07:42.640 Force has removed almost two hundred forty homeless encampments over 0:07:42.680 --> 0:07:45.920 the past two weeks. It's part of Mayor Eric Adams 0:07:45.960 --> 0:07:49.400 strategy to clean up public spaces and connect people living 0:07:49.400 --> 0:07:52.720 on the streets with housing and social services. As if 0:07:52.840 --> 0:07:56.800 Mayor of all of us, including my homeless brothers assistants, 0:07:57.000 --> 0:08:00.840 I'm not leaving any New York is the We're moving 0:08:00.880 --> 0:08:04.760 together and that is the goal of what we must accomplish. 0:08:04.880 --> 0:08:08.920 I'm not abandoning anyone. I'm not believing that dignity is 0:08:09.000 --> 0:08:13.160 living in a cardboard without a shower, without a toilet, 0:08:14.080 --> 0:08:18.040 living in terrible living conditions. Mayor Adams says more than 0:08:18.080 --> 0:08:22.160 three hundred homeless people have accepted social services. New York 0:08:22.240 --> 0:08:27.200 City COVID nineteen cases arising again, particularly among people to 0:08:27.280 --> 0:08:30.600 thirty four years old. The surge appears to be concentrated 0:08:30.600 --> 0:08:33.720 in Manhattan, the most vaccinated borough. The New York City 0:08:33.720 --> 0:08:36.400 Department of Health posted a warning on Twitter saying they 0:08:36.400 --> 0:08:40.760 strongly recommend New Yorker's mask up indoors and get booster shots. 0:08:41.240 --> 0:08:44.000 A deadly strain of bird flu that's been raising egg 0:08:44.040 --> 0:08:47.160 prices ahead of Easter has been discovered in five New 0:08:47.280 --> 0:08:50.760 US states. According to the Department of Agriculture, the virus 0:08:50.800 --> 0:08:55.760 increasingly is threatening American poultry exports. The influenza was discovered 0:08:55.760 --> 0:09:00.480 in Massachusetts North Carolina, North Dakota, Ohio, and Wioming. Chris 0:09:00.559 --> 0:09:03.520 Rock says he is still processing the Will Smith slap 0:09:03.559 --> 0:09:06.560 at the Oscars. Rock played before a sold out show 0:09:06.600 --> 0:09:09.400 in Boston last night. The fifty seven year old comedian 0:09:09.440 --> 0:09:12.200 got a long standing ovation from the crowd. Meanwhile, the 0:09:12.240 --> 0:09:15.600 Motion Picture Academy is now revealing that Smith was asked 0:09:15.600 --> 0:09:18.920 to leave the Oscars after he slapped Rock, but he refused. 0:09:19.240 --> 0:09:22.840 The Academy says it has begun disciplinary proceedings against Smith, 0:09:23.080 --> 0:09:27.040 which could include expulsion. Actor Bruce Willis is stepping away 0:09:27.080 --> 0:09:30.679 from his acting career. His family says he has recently 0:09:30.720 --> 0:09:35.520 been diagnosed with aphasia, which is impacting his cognitive abilities. 0:09:35.960 --> 0:09:39.840 Dr Jagen Pollie is a cognitive neurologist at the Cleveland 0:09:39.880 --> 0:09:42.640 Clinics Center for Brain Health. There is a change in 0:09:42.679 --> 0:09:46.720 the linuage function of the person because of an online 0:09:46.840 --> 0:09:52.079 change happening the minuage part of the brain. Dr Polite 0:09:52.200 --> 0:09:54.959 told ABC ip asia can be caused by an injury, stroke, 0:09:55.160 --> 0:09:58.800 or degenerative disease. Global News twenty four hours a day 0:09:58.800 --> 0:10:01.000 on air and on Bloomberg Take, powered by more than 0:10:01.280 --> 0:10:03.560 seven hundred journalists and analysts in more than a hundred 0:10:03.600 --> 0:10:06.480 twenty countries on Michael Barr, this is Bloomberg naked alright, Michael, 0:10:06.480 --> 0:10:12.959 thank you almost six ten on All Street time for 0:10:12.960 --> 0:10:15.160 the Bloomberg Sports. I think he's John Stenshower all right. 0:10:15.240 --> 0:10:18.480 Nathan has obviously been a much better season for the Rangers, 0:10:18.480 --> 0:10:20.960 and it's been for the Knicks. They'll be playoff hockey 0:10:20.960 --> 0:10:23.400 at the Garden and not playoff hoops. And last night 0:10:23.480 --> 0:10:26.360 Rangers one Nicks lost their season high four game win. 0:10:26.400 --> 0:10:30.320 Speed came to an end. Charlotte be one fourteen. Miles 0:10:30.360 --> 0:10:32.679 Bridges scored thirty one points La Melo ball at twenty 0:10:32.720 --> 0:10:35.199 with fifteen assists, Evan Pod Game of the Knicks with 0:10:35.440 --> 0:10:38.360 thirty As for the Rangers, back and forth game in Detroit, 0:10:38.520 --> 0:10:40.560 or they didn't have to go on the power player 0:10:40.679 --> 0:10:43.840 flings the shot they score. Is it Crider or Cop 0:10:43.880 --> 0:10:46.679 at the doorstep? Crider took the shot. It's a power 0:10:46.760 --> 0:10:49.679 play goal. We're sight at four Miller on the ice, 0:10:50.120 --> 0:10:53.440 Cop Panarin far circle, Pannaron, He's got cop, gets at 0:10:53.440 --> 0:10:57.720 the cop, shoots at scars and threw cop and over 0:10:57.800 --> 0:11:00.720 time how the Rangers went five four a VPN had 0:11:00.760 --> 0:11:02.840 at the time. Goal was by Chris Wider and that's 0:11:02.840 --> 0:11:05.120 his forty six of the year. The Rangers fourth grade win. 0:11:05.240 --> 0:11:07.760 Some coaching news, first from Seton Hall, where Kevin will 0:11:07.800 --> 0:11:10.880 had recently left to take over at Maryland. Shaheen Halloway 0:11:11.000 --> 0:11:13.360 was willard Stop assistant first at IONA and then for 0:11:13.400 --> 0:11:15.760 eight years at Seton Hall, where Holloway was once a 0:11:15.840 --> 0:11:18.080 star point Guards. So Holloway might have gotten this job 0:11:18.440 --> 0:11:21.240 even if he hadn't just coached St. Peter's to arguably 0:11:21.240 --> 0:11:24.120 the greatest Cinderella run in m C Double A tournament histories. 0:11:24.120 --> 0:11:27.640 And no surprise, Holloway leaving the Peacocks stain in Jersey 0:11:27.640 --> 0:11:30.040 to coach the Pirate. Big surprise last night at a 0:11:30.120 --> 0:11:33.280 Tampa Bay Bruce Arians stepped down. He's going to assist 0:11:33.320 --> 0:11:36.120 Bucks GM Jason Light to Odd Bowles, who was the 0:11:36.200 --> 0:11:38.199 defensive winator and before that, the head coach of the 0:11:38.280 --> 0:11:41.319 Jets takes over. The sixty nine year old Arians has 0:11:41.320 --> 0:11:43.720 had health health issues, but insisted that was not the 0:11:43.760 --> 0:11:47.480 reason for this move. John stash Award Bloomberg Sports, Nathan 0:11:47.800 --> 0:11:50.080 John Thank U s and P futures now up four 0:11:50.120 --> 0:11:53.360 point Staff futures down three, nastac futures up sixty. The 0:11:53.400 --> 0:11:57.000 ten year treasury yield two point three two up. Next, 0:11:57.040 --> 0:12:00.520 the latest on the war in Ukraine. Bloomberg's Marie it Today, 0:12:00.520 --> 0:12:04.280 oh joins us from Budapest. This is Bloomberg. Good morning, 0:12:07.520 --> 0:12:10.760 Bloomberg eleven three oh Weather cloudy, breezy, some afternoon showers possible. 0:12:10.800 --> 0:12:12.720 Up for sixties for highs will be in the upper 0:12:12.720 --> 0:12:15.760 fifties Tomorrow, turning partly sunny and breezy. Mix of sun 0:12:15.760 --> 0:12:18.760 and clouds. Low fifties for Saturday. Right now forty seven 0:12:18.760 --> 0:12:24.839 in Central Park. Markets. Headlines and breaking news twenty four 0:12:24.880 --> 0:12:27.920 hours a day at Bloomberg dot Com, The Bloomberg Business 0:12:27.920 --> 0:12:31.119 at and at Bloomberg Quick Tape. This is a Bloomberg 0:12:31.200 --> 0:12:40.320 Business clash and I'm Cameron. Moscow and energy stocks are 0:12:40.400 --> 0:12:43.480 dropping with oil prices as Investors Way reports at the 0:12:43.520 --> 0:12:47.120 Biden administration is considering a massive release of crude from 0:12:47.160 --> 0:12:50.400 US reserves to fight inflation. Stocks in Europe are sent 0:12:50.440 --> 0:12:54.720 for the first quarterly decline since shares ambiguous energy companies 0:12:54.760 --> 0:12:57.000 are declining in the pre market, while U S stock 0:12:57.040 --> 0:12:59.960 index futures are mostly higher. We checked the markets are 0:13:00.000 --> 0:13:03.120 for fifteen minutes throughout the trading day on Bloomberg. SNP 0:13:03.320 --> 0:13:05.319 Future is up five and a half points this morning. 0:13:05.320 --> 0:13:08.240 Down Future is a little changed. Nasdack Future is up 0:13:08.240 --> 0:13:11.200 fifty nine. The decks in Germany's down a tenth of uppercent, 0:13:11.280 --> 0:13:13.760 the cat in Paris down three tenths per cent, and 0:13:13.760 --> 0:13:16.160 the foot See one hundred down two tenths of upper cent. 0:13:16.400 --> 0:13:18.840 The K to twenty five in Japan was down seven 0:13:18.840 --> 0:13:20.800 tenths per cent, and the Hanks sang in Hong Kong 0:13:20.840 --> 0:13:23.760 fell one point one percent. Ten Your treasury a four 0:13:23.800 --> 0:13:26.600 thirty seconds c two point three three percent they yield 0:13:26.600 --> 0:13:29.439 on the two year two point to eight percent. Nimex 0:13:29.480 --> 0:13:32.640 screwed oil is falling down six percent or six dollars 0:13:32.640 --> 0:13:35.200 forty five sets at a hundred one dollars forty three 0:13:35.240 --> 0:13:37.839 cents of barrel. Comex gold is down four tenths per 0:13:37.840 --> 0:13:40.319 cent or eight dollars fifty cents at nineteen thirty forty 0:13:40.360 --> 0:13:43.520 announced and Bitcoin that will change at forty seven thousand, 0:13:43.520 --> 0:13:46.480 two hundred nine dollars. That's a Bloomberg business flash. Now 0:13:46.480 --> 0:13:48.760 here's Michael Barrow with more on what's going on around 0:13:48.760 --> 0:13:52.320 the world. Michael Karen, thank you very much. Ukraine's president 0:13:52.360 --> 0:13:55.600 says his country's defense against the Russian invasion is at 0:13:55.600 --> 0:13:58.959 its turning point. Voldamerz Lensky again press the US for 0:13:59.040 --> 0:14:02.280 more hellp hours after the Kremlin's forces renegged on the 0:14:02.360 --> 0:14:05.600 pledge to scale back some of their operations. In the NBA, 0:14:05.720 --> 0:14:08.960 the Knick, Celtics and Warriors lost, the Wizards won. Coach 0:14:09.000 --> 0:14:12.080 Heen Holloway is leaving St. Peter's for Seaton Hall, just 0:14:12.200 --> 0:14:14.920 days after helping the school make history by becoming the 0:14:14.960 --> 0:14:18.000 first fifteen seed to reach the n C Double A Tournaments. 0:14:18.080 --> 0:14:20.200 Lead eight in the NHL, the Rangers be the Red 0:14:20.200 --> 0:14:22.880 Wings and o T five four in the NFL. Former 0:14:23.080 --> 0:14:25.840 New York Jets head coach Todd Bowls would take over 0:14:26.200 --> 0:14:29.360 as head coach of the Tampa Bay Buccaneers. Bruce arians 0:14:29.360 --> 0:14:32.360 As decided to retire and is moving into the front office. 0:14:32.520 --> 0:14:35.040 Global News twenty four hours a day on air and 0:14:35.160 --> 0:14:38.000 on Bloomberg Quick Take, powered by more than twenty seven 0:14:38.080 --> 0:14:40.720 under journalists and analysts more than a hundred twenty countries. 0:14:41.040 --> 0:14:44.120 Michael Barron, This is Bloomberg, Nathan, Thanks Michael. Where at 0:14:44.160 --> 0:14:46.880 sixth nineteen on Wall Street Live from the Bloomberg Interactive 0:14:46.920 --> 0:14:50.320 Brokers Studios. This is Bloomberg Daybreak and our global team 0:14:50.360 --> 0:14:53.239 coverage of the war in Ukraine continues now with Bloomberg 0:14:53.280 --> 0:14:56.920 News Senior reporter for International Affairs, Mark Champion, back with 0:14:57.040 --> 0:14:59.320 us this morning. Mark, good to have you with us. 0:14:59.360 --> 0:15:01.120 Get us up to speed on the state of play 0:15:01.200 --> 0:15:06.000 right now. Well, you know, we had the peace talks 0:15:06.440 --> 0:15:09.440 which really lead nowhere. The Russians said that they would 0:15:09.480 --> 0:15:14.760 withdraw some troops in the north and step down operations there. Um. 0:15:14.800 --> 0:15:20.240 That didn't happen, uh. And now we essentially are waiting 0:15:20.280 --> 0:15:23.200 for another round of talks, this time that will be 0:15:23.280 --> 0:15:27.360 virtual on Friday, to see if there's anywhere we can go. 0:15:27.440 --> 0:15:30.880 But essentially the Russians have made it clear that they 0:15:30.960 --> 0:15:35.560 have a goal in the east to take the rest 0:15:35.640 --> 0:15:38.480 of two provinces that there have been at war since 0:15:38.640 --> 0:15:43.920 UH two thousand fourteen. UH. And then also it's likely 0:15:43.960 --> 0:15:46.920 they'll want to keep a land corridor that they've already 0:15:47.080 --> 0:15:51.480 more or less secured from Crimea into Russia. So it's 0:15:51.760 --> 0:15:54.520 it looks as though those things are gonna have, you know, 0:15:54.600 --> 0:15:58.640 going to be being decided on the ground even as 0:15:58.680 --> 0:16:01.960 these talks carry on. Now, we did hear from Pentagon 0:16:02.040 --> 0:16:05.840 spokesman John Kirby yesterday saying that Russia's promised to de 0:16:06.120 --> 0:16:09.080 escalate near the northern cities of Kiev in turn to 0:16:09.160 --> 0:16:12.400 have maybe more like a repositioning. Does that sort of 0:16:12.440 --> 0:16:15.640 line up with what we're seeing on the ground. Yes, 0:16:15.760 --> 0:16:19.560 I mean in essence that the Russians have been digging 0:16:19.800 --> 0:16:24.640 their artillery and so on in around Kiev and in 0:16:24.720 --> 0:16:27.840 the north for the last couple of weeks, which was 0:16:27.880 --> 0:16:31.400 a change and signified that they expected to be there 0:16:31.440 --> 0:16:36.560 for some time. So they've been also rotating units up 0:16:36.600 --> 0:16:40.480 into Bilorus where they you know, came came down toward 0:16:40.600 --> 0:16:44.560 Kiev from um and uh, you know, partly because at 0:16:44.560 --> 0:16:46.200 this point of the war they just need to be 0:16:46.240 --> 0:16:50.560 replenished and repaired. But you know what happens to them 0:16:50.600 --> 0:16:53.600 then some of them are being put onto trains. Um 0:16:53.640 --> 0:16:56.240 they you know, whether they go back to where they 0:16:56.320 --> 0:17:00.120 originally came from or around to the east to want 0:17:00.200 --> 0:17:03.440 to fight there. Um. You know, that's a question. We've 0:17:03.480 --> 0:17:06.440 also heard from the White House that they have intelligence 0:17:06.480 --> 0:17:09.680 that Russian President Vladimir Putin is actually being misinformed by 0:17:09.720 --> 0:17:12.280 his own military about the progress of the war in Ukraine. 0:17:12.320 --> 0:17:14.680 Do we know anything further, But what's behind that intelligence? 0:17:16.080 --> 0:17:18.879 I don't think we do. You know, so far that 0:17:19.119 --> 0:17:23.520 the Americans have had pretty good intelligence. They've been right 0:17:23.560 --> 0:17:26.480 about most things, certainly in the lead up to the war, 0:17:27.440 --> 0:17:30.000 but exactly how they're getting that is not something that 0:17:30.080 --> 0:17:35.080 we're being is being shared. We're also expecting President Biden 0:17:35.160 --> 0:17:38.200 to make a pretty major announcement later on this afternoon 0:17:38.200 --> 0:17:42.280 about a massive release of oil from the Strategic Reserve. 0:17:42.320 --> 0:17:45.920 We're hearing something like a million barrels a day. What's 0:17:46.000 --> 0:17:50.479 the potential impact there? What does it say about how 0:17:50.640 --> 0:17:53.320 this war could be progressing, at least the way the 0:17:53.320 --> 0:17:57.439 White House estimates in well, I mean, in essence, the 0:17:58.400 --> 0:18:02.320 you know, the U says as uh banned imports of 0:18:02.400 --> 0:18:06.160 oil from Russia, so as the UK, um, the really 0:18:06.200 --> 0:18:10.439 big importers have not. But the price of oil, you know, 0:18:10.680 --> 0:18:13.760 is impacted. And what the US is essentially trying to 0:18:13.800 --> 0:18:17.720 do is just to reduce the blowback onto the US 0:18:17.800 --> 0:18:20.840 economy from the measures that are being taken to to 0:18:20.960 --> 0:18:25.600 try and uh, you know, constrain Russian revenues. Um. So 0:18:25.880 --> 0:18:28.080 we're likely to see more of that kind of thing, 0:18:28.280 --> 0:18:32.040 different different types of efforts in order to try and 0:18:32.480 --> 0:18:38.440 reduce the the the pain that inflicting sanctions on Russia 0:18:38.480 --> 0:18:41.639 does cause to to to Europe and the US. And 0:18:41.720 --> 0:18:43.919 in our last thirty seconds here, Mark, there's been so 0:18:44.000 --> 0:18:47.000 much focus from the White House on a coordination with 0:18:47.160 --> 0:18:52.240 allies when it comes to Russian sanctions and punishments against Russia, 0:18:52.400 --> 0:18:55.159 when it comes to this strategic oil release. Is there 0:18:55.200 --> 0:18:57.880 any sign that we could get some kind of coordination 0:18:58.520 --> 0:19:01.680 from other global players in the market. Well, the the 0:19:02.160 --> 0:19:05.879 International Energy Agency is trying to uh, you know, the 0:19:06.440 --> 0:19:09.880 uh do some energy diplomacy there in order to get 0:19:09.880 --> 0:19:13.520 a coordinated release, uh and to you know, to to 0:19:13.560 --> 0:19:17.119 impact the oil price that way. UM. So, yes, that 0:19:17.119 --> 0:19:19.080 that is going on. How successful it will be, we're 0:19:19.080 --> 0:19:21.600 not We don't know yet, and we'll be watching for 0:19:21.640 --> 0:19:24.400 that announcement from the President later on this afternoon. We'll 0:19:24.400 --> 0:19:26.600 bring it to you live here on Bloomberg Radio when 0:19:26.600 --> 0:19:29.560 it happens. Mark Champion, as always, thanks for being with 0:19:29.600 --> 0:19:33.240 a smart. Champion is senior reporter for International Affairs for 0:19:33.320 --> 0:19:37.000 Bloomberg News. Right now, SMP futures are up four points, 0:19:37.000 --> 0:19:40.200 STOW futures are down four points. NASTAC futures are hired 0:19:40.200 --> 0:19:42.919 by fifty ten. Your treasury is up five thirty seconds, 0:19:42.960 --> 0:19:45.000 yield two point three two percent. The yield on the 0:19:45.040 --> 0:19:47.639 two year two point to eight. To get ready to 0:19:47.800 --> 0:19:50.679 close out what's likely to be the worst quarter for 0:19:50.800 --> 0:19:54.639 stocks in two years. Up ahead, more on the oil 0:19:54.680 --> 0:19:58.159 release plans from the White House and looking ahead to 0:19:58.280 --> 0:20:00.760 the second quarter as we check the five things you 0:20:00.760 --> 0:20:07.880 need to notice. Start your day on Bloomberg Daybreak. Bloomberg 0:20:07.920 --> 0:20:09.680 day Break is brought to you by Ancient accountants and 0:20:09.680 --> 0:20:13.439 Advisor's challenging times call for proactive advisors who help minimize taxes, 0:20:13.480 --> 0:20:16.280 increased cash flow, and create opportunities for the future of 0:20:16.280 --> 0:20:23.879 your business. Visit Ancient dot Com broadcasting live from the 0:20:24.000 --> 0:20:27.960 Bloomberg Interactive Broker Studio in New York. Bloomberg E Living 0:20:28.040 --> 0:20:31.680 free to Washington, d C, Bloomberg ninety nine one to Boston, 0:20:31.800 --> 0:20:35.240 Bloomberg one oh six one to San Francisco, Bloomberg nine 0:20:35.280 --> 0:20:38.360 six to the country, Sirius XM chto one nine team, 0:20:38.480 --> 0:20:41.639 and around the globe the Bloomberg Business app in Bloomberg 0:20:41.720 --> 0:20:51.000 Radio dot com. This is Bloomberg Daybreak. It's six thirty 0:20:51.000 --> 0:20:53.520 on Wall Street. Good morning, I'm Nathan Hager. And I'm 0:20:53.560 --> 0:20:56.240 Cameron Moscow and we're just about three hours away from 0:20:56.280 --> 0:20:58.680 the open of US trading. Time for the five things 0:20:58.720 --> 0:21:01.040 you need to notice, start your day ronto you by 0:21:01.200 --> 0:21:04.680 Interactive Brokers, Simple I d k our Global Trader app. 0:21:05.000 --> 0:21:07.840 Deposit in your local currency and trade stocks in the US, 0:21:07.880 --> 0:21:10.879 Europe and Asia. Start your free trial at ibk R 0:21:11.000 --> 0:21:15.040 dot com, Slash Global Trader up First. Ukraine says cease 0:21:15.119 --> 0:21:19.080 fire talks with Russia could resume tomorrow. This would follow 0:21:19.119 --> 0:21:22.600 negotiations that led to no she's fire but did have 0:21:22.760 --> 0:21:26.720 Russia's saying it would de escalate. Pentagon spokesman John Kirby 0:21:26.800 --> 0:21:30.040 says it's less a de escalation and more like a repositioning. 0:21:30.440 --> 0:21:35.560 Some of those troops we assess a repositioning into Belarus. 0:21:36.160 --> 0:21:38.840 We don't have an exact number for you, but that's 0:21:38.840 --> 0:21:42.160 our early assessments. Uh, none of them, we have seen 0:21:42.200 --> 0:21:46.160 none of them reposition to their home garrison. Pentagon spokesman 0:21:46.240 --> 0:21:49.720 John Kirby says the southern city of Mariopol is still 0:21:49.840 --> 0:21:52.639 taking heavy fire, and meantime, Karen, it looks like Vladom 0:21:52.640 --> 0:21:55.480 Reputin may not be getting accurate information on the war. 0:21:55.640 --> 0:21:59.639 Here's White House Communications Director Kate Bettingfield. We believe that 0:21:59.680 --> 0:22:03.199 Putin is being misinformed by his advisors about how badly 0:22:03.480 --> 0:22:06.400 the Russian military is performing and how the Russian economy 0:22:06.440 --> 0:22:09.200 is being crippled by sanctions, because his senior advisers are 0:22:09.200 --> 0:22:11.440 too afraid to tell him the truth. Kate Bettingfield that 0:22:11.480 --> 0:22:14.040 the Wine House did not specify how the US got 0:22:14.040 --> 0:22:18.000 its intelligence on Putin. Energy prices have climbed sharp lazons 0:22:18.000 --> 0:22:20.600