Speaker 1: Live from the Bloomberg Interactive Burgers studios. This is Bloomberg
Speaker 1: Daybreak for Thursday, March thirty one. Coming up this hour,
Speaker 1: crude falls as the Viben administration weighs of massive oil
Speaker 1: release to combat inflation. The White House says Vladimir Putin
Speaker 1: is being misinformed about the war by advisors. Apple and
Speaker 1: Facebook mistakenly gave customer data to hackers, and global stocks
Speaker 1: are on track for their worst quarter in two years.
Speaker 1: New York City dismantles more than two hundred homeless and
Speaker 1: encampments in the past two weeks plus. Bird Flew was
Speaker 1: spreading in the US. I'm Michael bar more ahead, I'm
Speaker 1: down Stash and fourth. The Nicks lost the Starlette at
Speaker 1: the Garden, the Rangers one in overtime at Detroit, and
Speaker 1: a surprising coaching change in the n at them. That's
Speaker 1: all straight ahead on Bloomberg Daybreak on Bloomberg ELEVENTREO New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen
Speaker 1: and around the world. Go on Bloomberg Radio dot Com
Speaker 1: and via the Bloomberg Business. Good morning. I'm Nathan Hager
Speaker 1: and I'm Karen. Moscow and US Dock Index futures are
Speaker 1: mostly higher this morning six oh one on Wall Street,
Speaker 1: and we checked the markets every fifteen minutes throughout the
Speaker 1: trading day on Bloomberg. Right now, S and P futures
Speaker 1: are up four and a half points to down futures
Speaker 1: are a little changed, and Nasdaq future is up fifty eight.
Speaker 1: The decks in Germany's down about a tenth of a percent.
Speaker 1: Ten year treasury up seven thirty seconds, l two point
Speaker 1: three two percent, and the yield on the two year
Speaker 1: two point to seven percent. And now I'm ex scrude
Speaker 1: oil is down more than six percent. Nathan, A right, Karen.
Speaker 1: We'll have more on the markets in a minute. First,
Speaker 1: let's get to the latest on the war. Ukraine says
Speaker 1: ceasefire talks with Russia could resume tomorrow. This would follow
Speaker 1: negotiations in Turkey earlier this week that led to no ceasefire,
Speaker 1: but did have Russia saying it would de escalate near
Speaker 1: the cities of Kiev and Turnittiv. Pentagon spokesman John Kirby
Speaker 1: says it's less of de escalation and more like a repositioning.
Speaker 1: If the Russians were really serious about de escalating, and
Speaker 1: the way they spun this yesterday um that they're trying
Speaker 1: to take the pressure off, well, then send them home.
Speaker 1: And that's not what they're doing, at least not yet
Speaker 1: kind of gone spokesman John Kirby and the defense officials
Speaker 1: in the UK say there are still significant Russians showing
Speaker 1: around her and have and they're holding positions to the
Speaker 1: east and west of Kiev despite withdrawing a limited number
Speaker 1: of troops. Meantime, Nathan, it looks like Vladimir Putin may
Speaker 1: not be getting accurate information on the war. According to
Speaker 1: the White House, the Russian president has been misinformed by
Speaker 1: advisors about his military's performance in Ukraine and the effect
Speaker 1: of sanctions on the economy. Amy Morris has details from
Speaker 1: our Bloomberg ninety one newsroom in Washington. White House Communications
Speaker 1: Director Kate Bettingfield says they have information the Russian military
Speaker 1: is deliberately misleading Putent. We believe he's being misinformed by
Speaker 1: his advisors about how badly the Russian military is performing
Speaker 1: and how the Russian economy is being crippled by sanctions.
Speaker 1: Because again his senior advisors are too afraid to tell
Speaker 1: him the truth, and betting Field says that's created persistent
Speaker 1: tension between Putin and his military leadership in Washington. I'm
Speaker 1: maybe Morris Bloomberg, Daybreak, All right, Amy, thank you. No,
Speaker 1: energy prices have climbed sharply since the start of the war. Now,
Speaker 1: the Biden administration's weighing a massive release of oil from
Speaker 1: US reserves. Let's get the latest on that live from
Speaker 1: Bloomberg's RNDA Young. Good morning, Granita, Good morning, Nathan. Bloomberg
Speaker 1: sources say the White House is considering releasing about a
Speaker 1: million barrels of oil a day from US reserves for
Speaker 1: several months. The total release could be as much as
Speaker 1: one eighty million barrels. Along with the plan comes a
Speaker 1: diplomatic push for the i e A to coordinate a
Speaker 1: global release by other countries. A final decision on that
Speaker 1: has not been reached yet, but Bloomberg sources say the
Speaker 1: White House may make an announcement on the US release
Speaker 1: as soon as today. Live in New York, I'm Ranita
Speaker 1: Young Bloomberg Day Break, All right, Nita, thank you, and
Speaker 1: checking oil right now and night screwed. Oil is down
Speaker 1: more than six percent, down six dollars fifty four cents
Speaker 1: at a hundred one dollar twenty seven cents of barrel
Speaker 1: Bran is down more than five percent and a hundred
Speaker 1: seven dollars sixty eight cents, and the drop and Crewed
Speaker 1: is helping lift stock futures as we close out the
Speaker 1: last trading day at the first quarter, even with recent games,
Speaker 1: global equities are on track for their worst quarter in
Speaker 1: two years, and Goldman Sachs Chief equity strategist David Coston
Speaker 1: warrants the upcoming earning season may weigh on stocks. It's
Speaker 1: been a particularly difficult quarter from a operational point of
Speaker 1: view for managements. You think about the first month of
Speaker 1: the year of January was largely overshadowed by Amicron, and
Speaker 1: then you had the higher rates that really kicked in
Speaker 1: in February, and then you have most recently the tragedy
Speaker 1: in the war in Ukraine. So you have these events
Speaker 1: that have really impeded a lot of sales for for
Speaker 1: a lot of companies. Goldman Sachs Chief equities strategist David
Speaker 1: Coston sees less than a two percent game for the
Speaker 1: S and P five hundred the rest of the year,
Speaker 1: as Conston says, higher interest rates have certainly been a
Speaker 1: negative for stocks, and there's more to come from the
Speaker 1: Fed on that front. Richmond President Thomas Barkin says he's
Speaker 1: open to hiking rates by fifty basis points at the
Speaker 1: next policy meeting. Come open to it. I think the
Speaker 1: question and will make this decision when we get to
Speaker 1: the meeting in May, is how strong does the economy
Speaker 1: does still look in terms of its ability to take
Speaker 1: great increases and how high is inflation persistent? So I'm
Speaker 1: looking at both of those and will make our call
Speaker 1: in May. Richmond FED Chief Thomas Barkin made the comments
Speaker 1: in an interview with Bloomberg Radio and Television. Meantime, Ester
Speaker 1: George wants to raise rates at a more moderate pace.
Speaker 1: The Kansas City Fed president favors a steady approach. That's
Speaker 1: not an argument for stalling the removal of accommodation, but
Speaker 1: I do think it's suggests that a steady, deliberate approach
Speaker 1: for the path of policy will provide space to monitor
Speaker 1: developments there as they unfold. Until now, Kansas City Fed
Speaker 1: President Esther George had been among the more hawkish officials
Speaker 1: at the FED. Well, we turn to economic activity in
Speaker 1: Asia Now, Nathan, we're China's manufacturing activity contracted in March.
Speaker 1: The slowdown came as authorities lockdown major technology and factory
Speaker 1: hubs due to COVID. Bloomberg Daybreak Asia anchor Bran Curtis
Speaker 1: has more the official pm I fell to forty nine
Speaker 1: point five, contracting for the first time in five months.
Speaker 1: That was lower than the estimate of forty nine point eight.
Speaker 1: The non manufacturing gauge slumped to forty eight point four,
Speaker 1: also below forecasts. China is battling its worst COVID outbreaks
Speaker 1: since the pandemic began. It's thought that areas covering roughly
Speaker 1: of China's GDP are affected. Brian Curtis Sploomberg Daybreak, Thank you, Brian.
Speaker 1: Back here in the US, word of a data breach
Speaker 1: at Apple and Facebook. Sources tell Bloomberg Apple and Meta
Speaker 1: platforms provided customer data to hackers who masqueraded as law
Speaker 1: enforcement officials, and we get the story from Bloomberg's Charlie Pellett.
Speaker 1: Apple and Meta are said to have provided basics subscriber
Speaker 1: to details such as a customer's address, phone number, and
Speaker 1: I P address. In mid one, in response to the
Speaker 1: forged emergency data requests, according to the sources. Normally such
Speaker 1: requests are only provided with a search warrant or subpoena
Speaker 1: signed by a judge. However, the emergency request don't require
Speaker 1: are a court order. In New York, Charlie pell Bloomberg daybreak. Okay, Charlie,
Speaker 1: thanks right now. S and P futures are up six points.
Speaker 1: So are Dow futures. Dance Act futures highed by sixty
Speaker 1: eight ten. Your treasury is up seven thirty seconds, the
Speaker 1: yield two point three two per cent. Straight ahead your
Speaker 1: latest local headlines and to check of sports. This is
Speaker 1: Bloomberg in six or seven on wall streets. Starting to
Speaker 1: see some showers now forty seven degrees in central parks,
Speaker 1: so pretty quiet on the roads, out of the typical
Speaker 1: volume delays this time of the morning. We'll check with
Speaker 1: traffic shortly. First, Michael Bars here with more on what's
Speaker 1: going on in New York and around the world. Michael,
Speaker 1: thank you very much. Nathan and New York City Task
Speaker 1: Force has removed almost two hundred forty homeless encampments over
Speaker 1: the past two weeks. It's part of Mayor Eric Adams
Speaker 1: strategy to clean up public spaces and connect people living
Speaker 1: on the streets with housing and social services. As if
Speaker 1: Mayor of all of us, including my homeless brothers assistants,
Speaker 1: I'm not leaving any New York is the We're moving
Speaker 1: together and that is the goal of what we must accomplish.
Speaker 1: I'm not abandoning anyone. I'm not believing that dignity is
Speaker 1: living in a cardboard without a shower, without a toilet,
Speaker 1: living in terrible living conditions. Mayor Adams says more than
Speaker 1: three hundred homeless people have accepted social services. New York
Speaker 1: City COVID nineteen cases arising again, particularly among people to
Speaker 1: thirty four years old. The surge appears to be concentrated
Speaker 1: in Manhattan, the most vaccinated borough. The New York City
Speaker 1: Department of Health posted a warning on Twitter saying they
Speaker 1: strongly recommend New Yorker's mask up indoors and get booster shots.
Speaker 1: A deadly strain of bird flu that's been raising egg
Speaker 1: prices ahead of Easter has been discovered in five New
Speaker 1: US states. According to the Department of Agriculture, the virus
Speaker 1: increasingly is threatening American poultry exports. The influenza was discovered
Speaker 1: in Massachusetts North Carolina, North Dakota, Ohio, and Wioming. Chris
Speaker 1: Rock says he is still processing the Will Smith slap
Speaker 1: at the Oscars. Rock played before a sold out show
Speaker 1: in Boston last night. The fifty seven year old comedian
Speaker 1: got a long standing ovation from the crowd. Meanwhile, the
Speaker 1: Motion Picture Academy is now revealing that Smith was asked
Speaker 1: to leave the Oscars after he slapped Rock, but he refused.
Speaker 1: The Academy says it has begun disciplinary proceedings against Smith,
Speaker 1: which could include expulsion. Actor Bruce Willis is stepping away
Speaker 1: from his acting career. His family says he has recently
Speaker 1: been diagnosed with aphasia, which is impacting his cognitive abilities.
Speaker 1: Dr Jagen Pollie is a cognitive neurologist at the Cleveland
Speaker 1: Clinics Center for Brain Health. There is a change in
Speaker 1: the linuage function of the person because of an online
Speaker 1: change happening the minuage part of the brain. Dr Polite
Speaker 1: told ABC ip asia can be caused by an injury, stroke,
Speaker 1: or degenerative disease. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Take, powered by more than
Speaker 1: seven hundred journalists and analysts in more than a hundred
Speaker 1: twenty countries on Michael Barr, this is Bloomberg naked alright, Michael,
Speaker 1: thank you almost six ten on All Street time for
Speaker 1: the Bloomberg Sports. I think he's John Stenshower all right.
Speaker 1: Nathan has obviously been a much better season for the Rangers,
Speaker 1: and it's been for the Knicks. They'll be playoff hockey
Speaker 1: at the Garden and not playoff hoops. And last night
Speaker 1: Rangers one Nicks lost their season high four game win.
Speaker 1: Speed came to an end. Charlotte be one fourteen. Miles
Speaker 1: Bridges scored thirty one points La Melo ball at twenty
Speaker 1: with fifteen assists, Evan Pod Game of the Knicks with
Speaker 1: thirty As for the Rangers, back and forth game in Detroit,
Speaker 1: or they didn't have to go on the power player
Speaker 1: flings the shot they score. Is it Crider or Cop
Speaker 1: at the doorstep? Crider took the shot. It's a power
Speaker 1: play goal. We're sight at four Miller on the ice,
Speaker 1: Cop Panarin far circle, Pannaron, He's got cop, gets at
Speaker 1: the cop, shoots at scars and threw cop and over
Speaker 1: time how the Rangers went five four a VPN had
Speaker 1: at the time. Goal was by Chris Wider and that's
Speaker 1: his forty six of the year. The Rangers fourth grade win.
Speaker 1: Some coaching news, first from Seton Hall, where Kevin will
Speaker 1: had recently left to take over at Maryland. Shaheen Halloway
Speaker 1: was willard Stop assistant first at IONA and then for
Speaker 1: eight years at Seton Hall, where Holloway was once a
Speaker 1: star point Guards. So Holloway might have gotten this job
Speaker 1: even if he hadn't just coached St. Peter's to arguably
Speaker 1: the greatest Cinderella run in m C Double A tournament histories.
Speaker 1: And no surprise, Holloway leaving the Peacocks stain in Jersey
Speaker 1: to coach the Pirate. Big surprise last night at a
Speaker 1: Tampa Bay Bruce Arians stepped down. He's going to assist
Speaker 1: Bucks GM Jason Light to Odd Bowles, who was the
Speaker 1: defensive winator and before that, the head coach of the
Speaker 1: Jets takes over. The sixty nine year old Arians has
Speaker 1: had health health issues, but insisted that was not the
Speaker 1: reason for this move. John stash Award Bloomberg Sports, Nathan
Speaker 1: John Thank U s and P futures now up four
Speaker 1: point Staff futures down three, nastac futures up sixty. The
Speaker 1: ten year treasury yield two point three two up. Next,
Speaker 1: the latest on the war in Ukraine. Bloomberg's Marie it Today,
Speaker 1: oh joins us from Budapest. This is Bloomberg. Good morning,
Speaker 1: Bloomberg eleven three oh Weather cloudy, breezy, some afternoon showers possible.
Speaker 1: Up for sixties for highs will be in the upper
Speaker 1: fifties Tomorrow, turning partly sunny and breezy. Mix of sun
Speaker 1: and clouds. Low fifties for Saturday. Right now forty seven
Speaker 1: in Central Park. Markets. Headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, The Bloomberg Business
Speaker 1: at and at Bloomberg Quick Tape. This is a Bloomberg
Speaker 1: Business clash and I'm Cameron. Moscow and energy stocks are
Speaker 1: dropping with oil prices as Investors Way reports at the
Speaker 1: Biden administration is considering a massive release of crude from
Speaker 1: US reserves to fight inflation. Stocks in Europe are sent
Speaker 1: for the first quarterly decline since shares ambiguous energy companies
Speaker 1: are declining in the pre market, while U S stock
Speaker 1: index futures are mostly higher. We checked the markets are
Speaker 1: for fifteen minutes throughout the trading day on Bloomberg. SNP
Speaker 1: Future is up five and a half points this morning.
Speaker 1: Down Future is a little changed. Nasdack Future is up
Speaker 1: fifty nine. The decks in Germany's down a tenth of uppercent,
Speaker 1: the cat in Paris down three tenths per cent, and
Speaker 1: the foot See one hundred down two tenths of upper cent.
Speaker 1: The K to twenty five in Japan was down seven
Speaker 1: tenths per cent, and the Hanks sang in Hong Kong
Speaker 1: fell one point one percent. Ten Your treasury a four
Speaker 1: thirty seconds c two point three three percent they yield
Speaker 1: on the two year two point to eight percent. Nimex
Speaker 1: screwed oil is falling down six percent or six dollars
Speaker 1: forty five sets at a hundred one dollars forty three
Speaker 1: cents of barrel. Comex gold is down four tenths per
Speaker 1: cent or eight dollars fifty cents at nineteen thirty forty
Speaker 1: announced and Bitcoin that will change at forty seven thousand,
Speaker 1: two hundred nine dollars. That's a Bloomberg business flash. Now
Speaker 1: here's Michael Barrow with more on what's going on around
Speaker 1: the world. Michael Karen, thank you very much. Ukraine's president
Speaker 1: says his country's defense against the Russian invasion is at
Speaker 1: its turning point. Voldamerz Lensky again press the US for
Speaker 1: more hellp hours after the Kremlin's forces renegged on the
Speaker 1: pledge to scale back some of their operations. In the NBA,
Speaker 1: the Knick, Celtics and Warriors lost, the Wizards won. Coach
Speaker 1: Heen Holloway is leaving St. Peter's for Seaton Hall, just
Speaker 1: days after helping the school make history by becoming the
Speaker 1: first fifteen seed to reach the n C Double A Tournaments.
Speaker 1: Lead eight in the NHL, the Rangers be the Red
Speaker 1: Wings and o T five four in the NFL. Former
Speaker 1: New York Jets head coach Todd Bowls would take over
Speaker 1: as head coach of the Tampa Bay Buccaneers. Bruce arians
Speaker 1: As decided to retire and is moving into the front office.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: under journalists and analysts more than a hundred twenty countries.
Speaker 1: Michael Barron, This is Bloomberg, Nathan, Thanks Michael. Where at
Speaker 1: sixth nineteen on Wall Street Live from the Bloomberg Interactive
Speaker 1: Brokers Studios. This is Bloomberg Daybreak and our global team
Speaker 1: coverage of the war in Ukraine continues now with Bloomberg
Speaker 1: News Senior reporter for International Affairs, Mark Champion, back with
Speaker 1: us this morning. Mark, good to have you with us.
Speaker 1: Get us up to speed on the state of play
Speaker 1: right now. Well, you know, we had the peace talks
Speaker 1: which really lead nowhere. The Russians said that they would
Speaker 1: withdraw some troops in the north and step down operations there. Um.
Speaker 1: That didn't happen, uh. And now we essentially are waiting
Speaker 1: for another round of talks, this time that will be
Speaker 1: virtual on Friday, to see if there's anywhere we can go.
Speaker 1: But essentially the Russians have made it clear that they
Speaker 1: have a goal in the east to take the rest
Speaker 1: of two provinces that there have been at war since
Speaker 1: UH two thousand fourteen. UH. And then also it's likely
Speaker 1: they'll want to keep a land corridor that they've already
Speaker 1: more or less secured from Crimea into Russia. So it's
Speaker 1: it looks as though those things are gonna have, you know,
Speaker 1: going to be being decided on the ground even as
Speaker 1: these talks carry on. Now, we did hear from Pentagon
Speaker 1: spokesman John Kirby yesterday saying that Russia's promised to de
Speaker 1: escalate near the northern cities of Kiev in turn to
Speaker 1: have maybe more like a repositioning. Does that sort of
Speaker 1: line up with what we're seeing on the ground. Yes,
Speaker 1: I mean in essence that the Russians have been digging
Speaker 1: their artillery and so on in around Kiev and in
Speaker 1: the north for the last couple of weeks, which was
Speaker 1: a change and signified that they expected to be there
Speaker 1: for some time. So they've been also rotating units up
Speaker 1: into Bilorus where they you know, came came down toward
Speaker 1: Kiev from um and uh, you know, partly because at
Speaker 1: this point of the war they just need to be
Speaker 1: replenished and repaired. But you know what happens to them
Speaker 1: then some of them are being put onto trains. Um
Speaker 1: they you know, whether they go back to where they
Speaker 1: originally came from or around to the east to want
Speaker 1: to fight there. Um. You know, that's a question. We've
Speaker 1: also heard from the White House that they have intelligence
Speaker 1: that Russian President Vladimir Putin is actually being misinformed by
Speaker 1: his own military about the progress of the war in Ukraine.
Speaker 1: Do we know anything further, But what's behind that intelligence?
Speaker 1: I don't think we do. You know, so far that
Speaker 1: the Americans have had pretty good intelligence. They've been right
Speaker 1: about most things, certainly in the lead up to the war,
Speaker 1: but exactly how they're getting that is not something that
Speaker 1: we're being is being shared. We're also expecting President Biden
Speaker 1: to make a pretty major announcement later on this afternoon
Speaker 1: about a massive release of oil from the Strategic Reserve.
Speaker 1: We're hearing something like a million barrels a day. What's
Speaker 1: the potential impact there? What does it say about how
Speaker 1: this war could be progressing, at least the way the
Speaker 1: White House estimates in well, I mean, in essence, the
Speaker 1: you know, the U says as uh banned imports of
Speaker 1: oil from Russia, so as the UK, um, the really
Speaker 1: big importers have not. But the price of oil, you know,
Speaker 1: is impacted. And what the US is essentially trying to
Speaker 1: do is just to reduce the blowback onto the US
Speaker 1: economy from the measures that are being taken to to
Speaker 1: try and uh, you know, constrain Russian revenues. Um. So
Speaker 1: we're likely to see more of that kind of thing,
Speaker 1: different different types of efforts in order to try and
Speaker 1: reduce the the the pain that inflicting sanctions on Russia
Speaker 1: does cause to to to Europe and the US. And
Speaker 1: in our last thirty seconds here, Mark, there's been so
Speaker 1: much focus from the White House on a coordination with
Speaker 1: allies when it comes to Russian sanctions and punishments against Russia,
Speaker 1: when it comes to this strategic oil release. Is there
Speaker 1: any sign that we could get some kind of coordination
Speaker 1: from other global players in the market. Well, the the
Speaker 1: International Energy Agency is trying to uh, you know, the
Speaker 1: uh do some energy diplomacy there in order to get
Speaker 1: a coordinated release, uh and to you know, to to
Speaker 1: impact the oil price that way. UM. So, yes, that
Speaker 1: that is going on. How successful it will be, we're
Speaker 1: not We don't know yet, and we'll be watching for
Speaker 1: that announcement from the President later on this afternoon. We'll
Speaker 1: bring it to you live here on Bloomberg Radio when
Speaker 1: it happens. Mark Champion, as always, thanks for being with
Speaker 1: a smart. Champion is senior reporter for International Affairs for
Speaker 1: Bloomberg News. Right now, SMP futures are up four points,
Speaker 1: STOW futures are down four points. NASTAC futures are hired
Speaker 1: by fifty ten. Your treasury is up five thirty seconds,
Speaker 1: yield two point three two percent. The yield on the
Speaker 1: two year two point to eight. To get ready to
Speaker 1: close out what's likely to be the worst quarter for
Speaker 1: stocks in two years. Up ahead, more on the oil
Speaker 1: release plans from the White House and looking ahead to
Speaker 1: the second quarter as we check the five things you
Speaker 1: need to notice. Start your day on Bloomberg Daybreak. Bloomberg
Speaker 1: day Break is brought to you by Ancient accountants and
Speaker 1: Advisor's challenging times call for proactive advisors who help minimize taxes,
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Speaker 1: Bloomberg one oh six one to San Francisco, Bloomberg nine
Speaker 1: six to the country, Sirius XM chto one nine team,
Speaker 1: and around the globe the Bloomberg Business app in Bloomberg
Speaker 1: Radio dot com. This is Bloomberg Daybreak. It's six thirty
Speaker 1: on Wall Street. Good morning, I'm Nathan Hager. And I'm
Speaker 1: Cameron Moscow and we're just about three hours away from
Speaker 1: the open of US trading. Time for the five things
Speaker 1: you need to notice, start your day ronto you by
Speaker 1: Interactive Brokers, Simple I d k our Global Trader app.
Speaker 1: Deposit in your local currency and trade stocks in the US,
Speaker 1: Europe and Asia. Start your free trial at ibk R
Speaker 1: dot com, Slash Global Trader up First. Ukraine says cease
Speaker 1: fire talks with Russia could resume tomorrow. This would follow
Speaker 1: negotiations that led to no she's fire but did have
Speaker 1: Russia's saying it would de escalate. Pentagon spokesman John Kirby
Speaker 1: says it's less a de escalation and more like a repositioning.
Speaker 1: Some of those troops we assess a repositioning into Belarus.
Speaker 1: We don't have an exact number for you, but that's
Speaker 1: our early assessments. Uh, none of them, we have seen
Speaker 1: none of them reposition to their home garrison. Pentagon spokesman
Speaker 1: John Kirby says the southern city of Mariopol is still
Speaker 1: taking heavy fire, and meantime, Karen, it looks like Vladom
Speaker 1: Reputin may not be getting accurate information on the war.
Speaker 1: Here's White House Communications Director Kate Bettingfield. We believe that
Speaker 1: Putin is being misinformed by his advisors about how badly
Speaker 1: the Russian military is performing and how the Russian economy
Speaker 1: is being crippled by sanctions, because his senior advisers are
Speaker 1: too afraid to tell him the truth. Kate Bettingfield that
Speaker 1: the Wine House did not specify how the US got
Speaker 1: its intelligence on Putin. Energy prices have climbed sharp lazons
Speaker 1: the start of the war. Nathan. Now the Bonding administration
Speaker 1: is wearing a massive release of oil from US reserves,
Speaker 1: and we get the latest lie from Bloomberg's reneed A Young.
Speaker 1: Good morning, Nina, Good morning, Karen. Bloomberg sources say the
Speaker 1: White House is considering releasing about a million barrels of
Speaker 1: oil a day from US reserves for several months. The
Speaker 1: total release could be as much as one eighty million barrels.
Speaker 1: Along with the plan comes a diplomatic push for the
Speaker 1: i e A to coordinate a global release by other countries.
Speaker 1: A final decision on that has not been reached yet,
Speaker 1: but Bloomberg sources say the White House may make an
Speaker 1: announcement on the US release as soon as today. Live
Speaker 1: in New York. I'm Reneda Young Bloomberg Daybreak. All right, Nita,
Speaker 1: thanks in checking prices on Crewed right now, Nimex is
Speaker 1: down six percent on six dollars forty one cents at
Speaker 1: a hundred one dollars forty cents of barrel. Brent is
Speaker 1: at a hundred six dollars eighty four cents. Global Equities meanwhile,
Speaker 1: you're on track for their worst quarter in two years.
Speaker 1: Aaron Kennon is CEO at Clear Harbor Asset Management. You know,
Speaker 1: I think we're heading into a stormy or weather over
Speaker 1: the next several weeks and perhaps months, and uh, I
Speaker 1: think investors are to be prepared for that. Aaron Kennon
Speaker 1: says the higher interest rates are a major headwind for stocks.
Speaker 1: And in corporate news this morning, we have word of
Speaker 1: a data breach at Apple and Facebook. Bloomberg News has
Speaker 1: learned that Apple and Meta platforms provided customer data to
Speaker 1: hackers who posed as law enforcement officials. Okay, Karen, thanks,
Speaker 1: six thirty three on Wall Street where at forty seven
Speaker 1: degrees in Central Park and we have an accident in
Speaker 1: southbound Garden State Parkway. It's an overturned car Exit ninety
Speaker 1: details coming up in traffic. First Michael Barr with more
Speaker 1: on what's going on in New York and around the world. Michael,
Speaker 1: thank you very much, Nathan. New York City has dismantled
Speaker 1: more than two hundred encampments for homeless people. Mayor Er
Speaker 1: Academ says the task force over the past few weeks
Speaker 1: is trying to clean up public spaces and connect people
Speaker 1: living on the streets with housing and social services. This
Speaker 1: city is now engaged in a multi agency mission with
Speaker 1: compassion and caring taken out time. Not rushing through this,
Speaker 1: but being compassionate to people who are experiencing terrible circumstances
Speaker 1: that they're living through. Many around him, says. Anyone removed
Speaker 1: from the encampments, most of which were in Lower Manhattan,
Speaker 1: was offered a voucher to pick up their items at
Speaker 1: another location. Donald Trump's son in law, Jared Kushner, is
Speaker 1: expected to speak today with the committee investigating the January
Speaker 1: sixth attack on the Capitol. The former president's daughter, Ivanka Trump,
Speaker 1: is also expected to eventually meet voluntarily with the committee.
Speaker 1: Bird flu is spreading in the US. According to the
Speaker 1: Department of Agriculture, The deadly strain was discovered in five
Speaker 1: more states. States involved include Massachusetts, North Dakota, North Carolina, Ohio,
Speaker 1: and Wyoming. Since mid January, it's been found in twenty
Speaker 1: three states. The Motion Picture Academy has initiated disciplinary proceedings
Speaker 1: against Will Smith for slapping Chris Rock on stage at
Speaker 1: the OSCARS. Smith could be expelled. Meanwhile, Rock performed before
Speaker 1: sold out crowd last night in Boston. This woman was there.
Speaker 1: He came out and he said, I'm still processing, like
Speaker 1: kind of what happened, but let's go on with the show.
Speaker 1: And like he was great. He's always great. The fifty
Speaker 1: seven year old comedian got a long standing ovation as
Speaker 1: he took the stage. The Family A movie star Bruce
Speaker 1: Willis announced that he will be stepping away from his
Speaker 1: acting career after he was diagnosed with aphasia. The condition
Speaker 1: is impacting his speech and cognitive abilities. Dr Jagan Polly
Speaker 1: is a cognitive neurologist at the Cleveland Clinic Center for
Speaker 1: Brain Health. Diagnosis. Official is pretty broad on the same
Speaker 1: that basically says some a person has changes in their
Speaker 1: line wage function because I changed the animal plant. Dr
Speaker 1: Poli told ABC. Iph Asia can be caused by an
Speaker 1: injury or degenerative disease Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take, powered by
Speaker 1: more than twenty seven hundred journalists and analysts are more
Speaker 1: than a hundred twenty countries. Michael Barr, This is Bloomberg.
Speaker 1: Thanks Michael. Almost six thirty six on Wall Street Time
Speaker 1: for the Bloomberg Sports Update with John Stenshire. Thanks Nathan.
Speaker 1: What a difference a year makes A year ago, the
Speaker 1: nixt minute sport in the East this season couldn't crack
Speaker 1: the top ten to get into the play in After
Speaker 1: home loss to Charlotte and ended their season five four
Speaker 1: game winning streak. NIX could be mathematically out as early
Speaker 1: as tonight. There coach Tom Thibodeaux last night Channel Yogi Barra.
Speaker 1: Just keep concentrating on what we're doing, you know, get
Speaker 1: better and then you're not eliminated to you're eliminated, and
Speaker 1: then when you are think, you know, you assess what
Speaker 1: you want to get done. Rangers are getting ready for
Speaker 1: the Stanley Cup playoffs. They won their four the road
Speaker 1: type game in Detroit, already tied three different times and
Speaker 1: then after a Chris Cryder power play goal with less
Speaker 1: than four minutes ago Cryder's forty six goal the season.
Speaker 1: The game was tied at four and the Rangers won
Speaker 1: five four on Andrew cop goal minute and a half
Speaker 1: into Oti. The only way the US men's national soccer
Speaker 1: team was not going to qualify for the World Cup
Speaker 1: was if they lost in Costa Rica by six goals.
Speaker 1: They lost, but only two dupings to the US is
Speaker 1: heading to Qatar in November. The US failed to qualify
Speaker 1: for the World Cup four years ago. Amazing to think
Speaker 1: that in the historically long career of Tom Brady, He's
Speaker 1: only played for two coaches. He's now getting the third
Speaker 1: surprise move out of Tampa Bay, sixty nine year old
Speaker 1: Bruce Arians stepping down. He'll stay with the Buffs, but
Speaker 1: work in the front office will be replaced by defensive
Speaker 1: cordator Toad Bowls, the former head coach of the Jets
Speaker 1: of ten NFL teams, to have a new coach next season,
Speaker 1: to the surprise of No. One, Seaton Hall named Shaheen Holloway.
Speaker 1: It's new coach. Former star point guard, former Seaton Hall
Speaker 1: assistant and just down the road at St. Peter's. Hollowey
Speaker 1: just coached the Peacocks at the n C double a
Speaker 1: the Eed eight Bloomberg Sports. Okay, John, thank you. At
Speaker 1: six thirty seven on Wall Street. Time to take a
Speaker 1: look at stacks and some of the names moving in
Speaker 1: the pre market. We're joined this morning once again by
Speaker 1: Bloomberg's Law Right, taking a look at the overnight action. Laura,
Speaker 1: good morning. Obviously we've been talking about the big slump
Speaker 1: in crude prices. On word there may be a major
Speaker 1: strategic reserve release out of the US. What's that doing?
Speaker 1: Two oil stocks. I'm looking at two names, Occidental Petroleum Corp.
Speaker 1: Down two point seven five and Excen Mobile down two. Now,
Speaker 1: as you mentioned, the Biden administration is planning a massive
Speaker 1: release in strategic petroleum reserves to the tune of one
Speaker 1: million barrels a day, which could go on for months.
Speaker 1: The upper estimates are a release of one eighty marion
Speaker 1: million barrels. Now, this is a combat combat rising gasoline
Speaker 1: prices and disruption to supply following the war in Ukraine.
Speaker 1: And we've been talking of course about the latest Chinese
Speaker 1: economic data, this slump in manufacturing. There are a lot
Speaker 1: of big tech names in the US that are exposed
Speaker 1: to that. Yeah, Apple up three three ten percent in
Speaker 1: the pre market this morning, and they also exploring new
Speaker 1: sources of memory chips, potentially a Chinese chip maker for
Speaker 1: the first time. The world's most valuable company. They want
Speaker 1: to diversify suppliers to mitigate the risk of supply chain congestion.
Speaker 1: One of Apple's US based suppliers, Micron Technologies, selling offer
Speaker 1: on half of this half of a cent before the
Speaker 1: bell as a result, and Tesla will be learned their
Speaker 1: factory in Shanghai will be closed for another day. That said,
Speaker 1: Tesla shaking off negative headlines up four tents of a percent.
Speaker 1: Now we're seeing some pretty divergent movement when it comes
Speaker 1: to domestic chip makers. Yeah, a m D is down
Speaker 1: two right now. This is an idiosyncratic move because Barclay's
Speaker 1: have downgraded their rating to equal weight from overweight now
Speaker 1: advanced micro vices. They Barclays believes that the growth trajectory
Speaker 1: is not clear and actually certain segments are running at
Speaker 1: elevated levels right now. And finally, I see your watching
Speaker 1: an influencer marketing company. I've never felt older, Laura. What
Speaker 1: does all have to do to be represented by I
Speaker 1: d e? A worldwide pre market up? Almost it's a
Speaker 1: school company. Exactly, with a market cap just below ninety
Speaker 1: million dollars, and this quarter of the company reported record revenue.
Speaker 1: But whether we like it or not, influences here to
Speaker 1: stay Yeah, I guess okay, Laura right, Bloomberg News as always,
Speaker 1: thanks for keeping us up to speed on what's happening
Speaker 1: in the pre market on this final training day of
Speaker 1: the first quarter. Looking ahead to the open as a whole, Uh,
Speaker 1: it's kind of flat actually. S and P futures right
Speaker 1: now up four points. Staff futures are down three. Nasdaq
Speaker 1: futures are higher by fifty four points. The tenure treasury
Speaker 1: up nine thirty seconds. The yield two point three yield
Speaker 1: on the two year two point to seven percent. That's
Speaker 1: a spread of just about three and a half basis points.
Speaker 1: Much more to come, stay with us, you're listening to
Speaker 1: Bloomberg at daybreak Bloomberg eleven three oh Weather, cloudy, breezy,
Speaker 1: some afternoon showers, likely upper sixties for highs, Partly sunny,
Speaker 1: breezy Tomorrow, upper fifties will be in the low fifties
Speaker 1: Saturday under a mix of sun and clouds. Right now,
Speaker 1: some showers and forty seven degrees in central park markets
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, The Bloomberg Business at and at Bloomberg Quicktape,
Speaker 1: He's a Bloomberg Business lash and I'm Karen Moscow and
Speaker 1: nine night screwed. Oil is falling today, down more than
Speaker 1: six percent. Futures are mostly higher. We goin to the
Speaker 1: first word breaking news, dask for today's morning call, and
Speaker 1: here's Bill Maloney. Bill, good morning, Hey, good morning, Karen.
Speaker 1: That's right. US futures quiet right now with doubt futures
Speaker 1: hired by seven points. SUPs gained six while nasdack futures
Speaker 1: are higher by fifties seven. He was ten year old
Speaker 1: at two point three two percent. Gold is down five
Speaker 1: and you mentioned oil. Oil is sinking on the report
Speaker 1: the US is considering a release from its reserves. Bigcoin
Speaker 1: is trading little change in Hong Kong fell one point
Speaker 1: one percent overnight. What up? And markets are in the
Speaker 1: red this morning. Back in the US on the economic
Speaker 1: Fronda eight thirty initial jobs claims. And at Chicago p
Speaker 1: m I regarding earnings for walk rains to report in
Speaker 1: the pre market and another news people familiar said that
Speaker 1: Apple is in tops to source iPhone memory chips from
Speaker 1: new suppliers wrapping things up. Andy was cut to equate
Speaker 1: over at Barkley's HP Inc. Was cut to underweight over
Speaker 1: at Morgan Stanley Live from the first Breaking newsdask on
Speaker 1: Bill Maloney care all right, Bill, thank you to hear
Speaker 1: live breaking news of your Boomberg type squalk on your
Speaker 1: terminalscue you a w K. That's a Bloomberg business flash.
Speaker 1: Now here's Michael Barrow with Moore on what's going on
Speaker 1: around the world. Muchael, Karen, thank you very much. The
Speaker 1: White House says Russian President Vladimir Putin has been misinformed
Speaker 1: by advisors about his military's performance in Ukraine. Meanwhile, Britain's
Speaker 1: Defense Ministry says Russia continues to pound northern Ukraine. The
Speaker 1: chairman of the House committee investigating the January six attack
Speaker 1: on the US Capitol said the panel is considering subpoena
Speaker 1: ng former President Donald Trump's personal phone records. In the NBA,
Speaker 1: the Knicks, Celtics, and Warriors lost. The Wizards won. College
Speaker 1: basketball coach Sheeen Holloway is leaving records setting St. Peter's
Speaker 1: for Seaton Hall and the NHL, the Rangers beat the
Speaker 1: Red Wings in OT five four. NFL head coach Bruce
Speaker 1: Arians has decided to retire and is moving into the
Speaker 1: Buccaneers front office. He's being replaced by defensive coordinator Todd Bowles,
Speaker 1: the former head coach with the Jets. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick
Speaker 1: Take Howard by more than twenty seven under journalist and
Speaker 1: analysts in more than twenty countries. I'm Michael Barr. This
Speaker 1: is Bloomberg. The following commentary is from Bloomberg Opinion Learning.
Speaker 1: I'm Jonathan Bernstein, a columnist from Bloomberg Opinion. I'll be
Speaker 1: attending a political science conference next week, and I'll be
Speaker 1: looking to learn about at least three topics I feel
Speaker 1: I could use some help with public opinion about the economy.
Speaker 1: Some of what is driving pessimism about the economy is
Speaker 1: a bad case of inflation. There's also knee jerk partisanship.
Speaker 1: But given the robust job market and healthy growth numbers,
Speaker 1: the popular view that the economy is terrible still needs
Speaker 1: some additional explanation. Set of Republicans have blocked plenty during
Speaker 1: the current Congress, but perhaps they're not quite as flat
Speaker 1: out obstructionists as I had expected. So what's happening? Have
Speaker 1: they actually backed off some? If so, why and what
Speaker 1: does that tell us about how future sentence might act
Speaker 1: and how that would matter to policymaking. Some groups of
Speaker 1: political scientists have found fresh ways to use historical data.
Speaker 1: What I'd like to learn more about is whether there's
Speaker 1: anything in earlier U history they can help explain Donald
Speaker 1: Trump and trump is um, especially as a challenge to democracy.
Speaker 1: I'm Jonathan Bernstein. For more opinions, please go to Bloomberg
Speaker 1: dot com, Slash Opinion or OPI n go on the
Speaker 1: Bloomberg terminal. These has been Bloomberg Opinion and Bloomberg Opinion
Speaker 1: commentaries can be heard every weekday at this time, and
Speaker 1: terminal customers can read more at O p I n go.
Speaker 1: It is six fifty on Wall Street, and we turned
Speaker 1: to news and science and technology now with the Bloomberg
Speaker 1: and j I T STEM Report, brought to you by
Speaker 1: New Jersey Institute of Technology. N j I T makes
Speaker 1: industry ready engineers and more than twenty fields. If it's engineering,
Speaker 1: it's at n j I T. Learn more at n
Speaker 1: j I T. Not e d U I know, here's
Speaker 1: this making news and science, technology, engineering, and math. Astronomers
Speaker 1: have discovered the farthest star yet, a super hot, super
Speaker 1: bright giant that formed nearly thirteen billion years ago at
Speaker 1: the dawn of the cosmos. But this luminous blue star
Speaker 1: is long gone, so massive that it almost certainly exploded
Speaker 1: into bits just a few million years after emerge ng
Speaker 1: Its swift demise makes it all the more incredible that
Speaker 1: an international team spotted it with observations by the Hubble
Speaker 1: space telescope. The study appearing in the journal Nature. Bloomberg
Speaker 1: News has learned Apple is developing his own payment processing
Speaker 1: technology and infrastructure for future financial products. It's part of
Speaker 1: a plan to reduce its reliance on outside partners over time.
Speaker 1: A multi year plan would bring a wide range of
Speaker 1: financial tasks in house that includes payment processing, risk assessment
Speaker 1: for lending, fraud analysis and credit checks. And the Securities
Speaker 1: and Exchange Commission is added by to to a growing
Speaker 1: list of companies that may get kicked off American stock
Speaker 1: exchanges because of Beijing's refusal to permit US officials to
Speaker 1: review their auditor's work, and as a Bloomberg and j
Speaker 1: I t Stem report. Nathan thanks Karen We're live from
Speaker 1: the Bloomberg Interactive Brokers studios, where it's just about six
Speaker 1: fifty two on Wall Street Time now to check what's
Speaker 1: going on in d C. Some of the top stories
Speaker 1: in our nation's capital include the White House saying Putin
Speaker 1: may have been misinformed by his own advisors on the
Speaker 1: war in Ukraine, the Biden team expected to lift pandemic
Speaker 1: era immigration restrictions, and the January six Committee weighing a
Speaker 1: subpoena a former President Donald Trump's personal phone records. Also
Speaker 1: making news, the White House considering a massive release of
Speaker 1: oil from the Strategic Reserve to combat inflation. For more,
Speaker 1: we're joined by Bloomberg Government congressional reporter Jack Fitzpatrick. Jack,
Speaker 1: how massive are we talking here? This would be historically large.
Speaker 1: Our colleagues reporting, uh that you haven't had an announcement yet,
Speaker 1: although the President is supposed to talk about this at
Speaker 1: one thirty this afternoon. But the discussions that have been
Speaker 1: had so far are about a million barrels a day roughly, uh,
Speaker 1: and up to a maximum total number of about a
Speaker 1: hundred eighty million barrels. Keep in mind there about a
Speaker 1: five hundred sixty eight million barrels total in the Strategic
Speaker 1: Petroleum Reserve, So we're talking about roughly a third of
Speaker 1: the oil the US has on hand in that reserve.
Speaker 1: This would obviously not be something that could completely rearrange
Speaker 1: the structure the structural issues of oil and natural gas
Speaker 1: availability in the world. But keep in mind, uh, you know,
Speaker 1: the expectation for the second quarter is that supply would
Speaker 1: be short of demand for roughly eight hundred thousand a day.
Speaker 1: So if they're putting out a million barrels a day
Speaker 1: or so, it's the kind of thing that we've already
Speaker 1: seen could make a difference in oil prices and at
Speaker 1: least in the short term, make a significant difference. And
Speaker 1: it's the kind of thing Jack that I think maybe
Speaker 1: it's it seems as all the White Houses acknowledging that, yeah,
Speaker 1: inflation is really having an impact. There are political considerations
Speaker 1: here for this kind of announcement. Yes, the price of
Speaker 1: gasoline obviously is forefront on a lot of people's minds.
Speaker 1: The White House knows that, uh. And also remember that
Speaker 1: the Strategic Petroleum Reserve, as sort of a short term measure,
Speaker 1: often does reflect political concern They've already directed on two
Speaker 1: Asians in the past few months releases, smaller releases, but
Speaker 1: in the tens of millions of barrels of of oil.
Speaker 1: So this is sort of the short term way for
Speaker 1: the White House to flip a switch. It doesn't address everything,
Speaker 1: but it does show them taking action. And in this case,
Speaker 1: something like a hundred eighty million barrels total would be
Speaker 1: a pretty significant amount of oil. And in the meantime, Jack,
Speaker 1: we're hearing even more explicit signals from the White House
Speaker 1: about how it thinks the war is going for President Putin,
Speaker 1: the kind of intelligence that the White House is continuing
Speaker 1: to unroll here. Yeah, the description yesterday by Kate Bettingfield,
Speaker 1: who's the communications director for the White House uh says,
Speaker 1: she said that the White House is information that Putin
Speaker 1: felt misled by his own people, his own Russian military,
Speaker 1: about what the expectations would be in Ukraine, how this
Speaker 1: would go, what the capabilities were of the Russian military.
Speaker 1: Uh they haven't said on the u S side, where
Speaker 1: did that start, who exactly misinformed whom and when? Uh
Speaker 1: So this may be somewhat of an obvious reflection of
Speaker 1: what we've seen that clearly things are not going the
Speaker 1: way Vladimir Putin expected but that really is the the
Speaker 1: White House line on this, that Putin was not given
Speaker 1: the right information and that at this point he he
Speaker 1: feels that he was misled by his own advisors. Only
Speaker 1: about a minute left here, Jack, the House January six
Speaker 1: committee maybe looking to fill in a big gap in
Speaker 1: the White House phone log. Yes, there's an hour's long
Speaker 1: gap from official White House phone calls on January one.
Speaker 1: Benny Thompson, the chair of the House committee that's investigating
Speaker 1: what happened on that day, said that does not align
Speaker 1: with their understanding of the conversations then President Trump had
Speaker 1: with lawmakers and other people. There is a possibility, he said,
Speaker 1: that they would subpoena Donald Trump's personal phone records. That
Speaker 1: would be a very significant step forward in one they
Speaker 1: they are considering. Thanks for this, Jack, and to have
Speaker 1: you with us, Jack Fitzpatrick, Congressional Order for Bloomberg Government
Speaker 1: and you can read much more about these stories on
Speaker 1: Bloomberg dot com or on the Bloomberg terminal. And as
Speaker 1: a reminder, follow all the latest on Bloomberg Radio in Washington,
Speaker 1: Bloomberg and Wild five point seven FM HD two. Karen
Speaker 1: Very Nathan, thank you well. At six fifties six on
Speaker 1: Wall Street. And this is Bloomberg day Break, and March
Speaker 1: is Women's History Month, and every day this month we
Speaker 1: are celebrating significant moments in women's history. And now with
Speaker 1: your installment for March thirty one, here's Bloomberg's Really to
Speaker 1: Young on this day in women's history. In eight women's
Speaker 1: rights activists their join Or Truth and Susan B. Anthony
Speaker 1: were among key women who established the National Council of
Speaker 1: Women of the United States. It's the oldest American non
Speaker 1: sectarian women's organization. The group was comprised of several women's
Speaker 1: voluntary organizations with common interests in the educational, political, and
Speaker 1: social rights of women. The primary purpose of the National
Speaker 1: Council of Women in the US was to act as
Speaker 1: a clearing house or information bureau for its members so
Speaker 1: they can broaden awareness of each other's activities and so
Speaker 1: they could collaborate better, reducing duplication of efforts. That's today
Speaker 1: in women's history. I'm rened a young Bloomberg Radio. All right,
Speaker 1: Reny to young, thank you futures this morning. Little change
Speaker 1: now as in p futures again that will changed up
Speaker 1: therely three points now future is also little change and
Speaker 1: nonsday futures up about forty eight nine x screwde oil
Speaker 1: falling down six point six percent, now continuing to extend
Speaker 1: its decline, down seven dollars thirteen cents at a hundred
Speaker 1: dollars seventies cents and barrel. And we'll continue to watch
Speaker 1: CREWD Bloomberg surveillance for Tom Keene, Jonathan Farrell, and Lisa Abrama.
Speaker 1: It's for Nathan hager On Karen Moscow, and this is
Speaker 1: Bloomberg