1 00:00:02,200 --> 00:00:05,040 Speaker 1: By from the Bloomberg and directed Berger Studios. This is 2 00:00:05,040 --> 00:00:09,840 Speaker 1: Bloomberg Daybreak for Monday, January one two. Coming up this hour, 3 00:00:10,080 --> 00:00:13,200 Speaker 1: Traders Way the chance of a half percentage point rate hike. 4 00:00:13,240 --> 00:00:15,800 Speaker 1: In March. The labor market comes into focus with this 5 00:00:15,840 --> 00:00:18,680 Speaker 1: week's key Jopsher Court oil is on track for its 6 00:00:18,720 --> 00:00:22,720 Speaker 1: best January in three decades, and Joe Rogan apologizes after 7 00:00:22,800 --> 00:00:26,400 Speaker 1: billions of dollars getting wiped from Spotify's market value. New 8 00:00:26,480 --> 00:00:29,640 Speaker 1: York City will home deliver free Coboneta viral pills plus. 9 00:00:29,680 --> 00:00:32,800 Speaker 1: North Korea confirms the chest fire to mid range ballistic missile. 10 00:00:32,840 --> 00:00:35,120 Speaker 1: Over the weekend on Mike La blar More a half 11 00:00:35,200 --> 00:00:37,600 Speaker 1: Poptown Stattower, and sports on the Med, the Bengals and 12 00:00:37,760 --> 00:00:40,120 Speaker 1: Rams playing Super Bowl fifty six in l a I 13 00:00:40,200 --> 00:00:45,000 Speaker 1: win for the Rangers, the Islanders locked. That's All straight 14 00:00:45,000 --> 00:00:49,200 Speaker 1: Ahead on Bloomberg day Break on Bloomberg eleven Trio, New York, 15 00:00:49,360 --> 00:00:54,080 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 16 00:00:54,240 --> 00:00:58,800 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nine Team, 17 00:00:59,120 --> 00:01:01,840 Speaker 1: and around the world Old on Bloomberg Radio dot Com 18 00:01:01,960 --> 00:01:08,800 Speaker 1: and via the Bloomberg Business Set. Good morning, I'm hear 19 00:01:08,880 --> 00:01:11,640 Speaker 1: at Moscow. I'm Nathan Hager. Bloomberg Day Break brought to 20 00:01:11,680 --> 00:01:14,640 Speaker 1: you by Interactive Brokers i v k R charges margin 21 00:01:14,680 --> 00:01:17,160 Speaker 1: loan rates from zero point seven five to one point 22 00:01:17,160 --> 00:01:20,039 Speaker 1: five nine percent, rates subject to change. Learn more at 23 00:01:20,080 --> 00:01:24,360 Speaker 1: ib kr dot com. Slash compare. SNP futures are little 24 00:01:24,480 --> 00:01:27,000 Speaker 1: change this morning at six oh one on Wall Street. 25 00:01:27,040 --> 00:01:29,320 Speaker 1: We checked the markets every fifteen minutes throughout the trading 26 00:01:29,400 --> 00:01:32,480 Speaker 1: day on Bloomberg. Right now, SNP futures again are little change. 27 00:01:32,520 --> 00:01:36,240 Speaker 1: Own Future is down, nowsday Future is up seventy seven. 28 00:01:36,480 --> 00:01:39,199 Speaker 1: Ten year Treasury down four thirty seconds, YELD one point 29 00:01:39,240 --> 00:01:41,440 Speaker 1: seven eight percent, and the yield on the two year 30 00:01:41,520 --> 00:01:44,440 Speaker 1: one point to zero percent. Nathan, Well, Karen, We begin 31 00:01:44,560 --> 00:01:47,040 Speaker 1: this morning with the Fed and speculation about whether a 32 00:01:47,120 --> 00:01:49,760 Speaker 1: rate hike in March could be bigger than initially expected. 33 00:01:50,000 --> 00:01:52,120 Speaker 1: Let's get the latest live from Bloomberg's You Need a 34 00:01:52,160 --> 00:01:54,680 Speaker 1: Young Good morning, Granita, Good morning, Nathan. The Fed could 35 00:01:54,800 --> 00:01:57,880 Speaker 1: raise the benchmark rate by fifty basis points if there's 36 00:01:57,880 --> 00:02:00,800 Speaker 1: a need to be more aggressive when in flent. That's 37 00:02:00,800 --> 00:02:04,400 Speaker 1: what Atlanta Fed President Rephael Bostick told The Financial Times, 38 00:02:04,720 --> 00:02:07,600 Speaker 1: adding that all options are on the table for every 39 00:02:07,640 --> 00:02:10,639 Speaker 1: FED meeting if needed, but he stuck to his prediction 40 00:02:10,720 --> 00:02:14,040 Speaker 1: that three quarter point increases starting in March is the 41 00:02:14,080 --> 00:02:18,560 Speaker 1: most likely scenario this year. Meantime, Goldman Sachs Presents predicts 42 00:02:18,600 --> 00:02:21,720 Speaker 1: the FED will raise interest rates by twenty five basis 43 00:02:21,760 --> 00:02:25,239 Speaker 1: points five times this year. Live in New York, I'm 44 00:02:25,240 --> 00:02:28,240 Speaker 1: gonnit to Young Bloomberg Daybreak, Nita, thank you. As we 45 00:02:28,400 --> 00:02:31,240 Speaker 1: spend the next six weeks reading tea leaves from the Fed. 46 00:02:31,320 --> 00:02:34,040 Speaker 1: We'll get a concrete look at the labor market this Friday, 47 00:02:34,120 --> 00:02:36,320 Speaker 1: the Fed and Investor. So we're paying close attention to 48 00:02:36,360 --> 00:02:38,880 Speaker 1: the January jobs report, and we get a preview from 49 00:02:38,919 --> 00:02:42,240 Speaker 1: Bloomberg's Viney down judas the data could provide insight on 50 00:02:42,280 --> 00:02:46,400 Speaker 1: the highly contagious Armcron variance impact on the economy. Economists 51 00:02:46,400 --> 00:02:49,920 Speaker 1: are forecasting a tepid December increase one hundred seventy five 52 00:02:49,960 --> 00:02:54,480 Speaker 1: thousand or so after November's weeker then forecast showing jobless 53 00:02:54,520 --> 00:02:57,880 Speaker 1: claims jumped last month. Is COVID nineteen four businesses to 54 00:02:57,960 --> 00:03:00,919 Speaker 1: closed temporarily or throwing the town electric. Two years of 55 00:03:01,040 --> 00:03:05,360 Speaker 1: pandemic turbulence Benny Deryl, Judea Ice Bloomberg, Baby all right, Vinnie, 56 00:03:05,400 --> 00:03:07,320 Speaker 1: thank you. In Asia, overnight, we got a tap in 57 00:03:07,400 --> 00:03:11,000 Speaker 1: reading on the world's second largest economy, China's manufacturing sector 58 00:03:11,040 --> 00:03:14,720 Speaker 1: expanded at a slower pace in January. Bloomberg Gay Break 59 00:03:14,720 --> 00:03:17,480 Speaker 1: Asia anchor Brian Curtis has the details. The official p 60 00:03:17,639 --> 00:03:20,360 Speaker 1: m I declined to fifty point one, that was just 61 00:03:20,520 --> 00:03:24,000 Speaker 1: above the estimate of fifty. The non manufacturing gauge fell 62 00:03:24,080 --> 00:03:27,360 Speaker 1: to fifty one point one, also just above the forecast. 63 00:03:27,840 --> 00:03:32,400 Speaker 1: A number of issues here, a seasonal slowdown, COVID nineteen outbreaks, 64 00:03:32,680 --> 00:03:36,480 Speaker 1: and a weakening housing market. Also, the government ordered steel 65 00:03:36,520 --> 00:03:39,880 Speaker 1: plants to cut output, that's to reduce air pollution ahead 66 00:03:39,920 --> 00:03:42,960 Speaker 1: of the winter Olympics. In the meantime, that shishin pm 67 00:03:43,000 --> 00:03:45,720 Speaker 1: I dropped to forty nine point one, and that was 68 00:03:45,760 --> 00:03:50,320 Speaker 1: the worst in almost two years. Brian Curtis, Bloomberg day Break, Brian, 69 00:03:50,360 --> 00:03:52,920 Speaker 1: thank you. In Europe, central banks and economic data are 70 00:03:52,960 --> 00:03:55,360 Speaker 1: also and focus. This week. We had a key right 71 00:03:55,400 --> 00:03:58,000 Speaker 1: decision by the Bank of England on Thursday. Let's go 72 00:03:58,040 --> 00:03:59,880 Speaker 1: to London and get the latest or the Bloomberg's You 73 00:04:00,000 --> 00:04:02,200 Speaker 1: in parts You and Good morning, Karen and Nathan. The 74 00:04:02,280 --> 00:04:04,560 Speaker 1: UK could be heading for its first back to bat 75 00:04:04,600 --> 00:04:08,400 Speaker 1: rate hike in seventeen years. Economists in Bloomberg's survey reckon 76 00:04:08,440 --> 00:04:10,240 Speaker 1: the Bank of eng Them will raise its key indust 77 00:04:10,320 --> 00:04:13,880 Speaker 1: rate to no point five percent this week. Forecasters also 78 00:04:13,960 --> 00:04:16,640 Speaker 1: expect the Central Bank to confirm it's stopped reinvesting in 79 00:04:16,640 --> 00:04:19,000 Speaker 1: bonds that are matured. This comes to the bank having 80 00:04:19,040 --> 00:04:22,479 Speaker 1: and battles surging. Inflation now at five point four percent, 81 00:04:22,839 --> 00:04:25,280 Speaker 1: the highest in thirty years. In London, I'm you in 82 00:04:25,320 --> 00:04:28,239 Speaker 1: parts Sploomberg day Break. Thanks you. In politics, also center 83 00:04:28,320 --> 00:04:31,760 Speaker 1: stage in Europe, after six days of voting in Italy's parliament, 84 00:04:31,839 --> 00:04:35,320 Speaker 1: Sergio Matarella has been re elected president. We get the 85 00:04:35,360 --> 00:04:38,840 Speaker 1: details from Bloomberg's fancy Lakwise. In Rome, after almost a 86 00:04:38,880 --> 00:04:43,800 Speaker 1: week of films, votes to elect an alternative candidate was reelected. 87 00:04:43,839 --> 00:04:46,919 Speaker 1: As it to these, President Mario drawn the prime minister. 88 00:04:47,000 --> 00:04:49,280 Speaker 1: It was initially seen as the top contender for the job, 89 00:04:49,600 --> 00:04:51,440 Speaker 1: and he made it clear he would be keen to 90 00:04:51,480 --> 00:04:54,599 Speaker 1: become head of state, but lawmakers and feared to return 91 00:04:54,640 --> 00:04:58,560 Speaker 1: to political dremoil without drawing as Prime Minister. In the end, 92 00:04:58,600 --> 00:05:01,280 Speaker 1: it was drawn himself. Last much well to remain in office. 93 00:05:01,640 --> 00:05:04,880 Speaker 1: Bringing the week long stale meet in Rome. Francin Laqua 94 00:05:04,920 --> 00:05:08,440 Speaker 1: Bloomberg day Break, Thanks Francine. Geo Political tension in Eastern 95 00:05:08,480 --> 00:05:10,839 Speaker 1: Europe is also on the agenda this week. The United 96 00:05:10,920 --> 00:05:15,280 Speaker 1: Nations Security Council meets today regarding concerns about Russia invading Ukraine. 97 00:05:15,440 --> 00:05:18,760 Speaker 1: Bloomberg said, Baxter has the story. The Pentagon says Russia 98 00:05:18,800 --> 00:05:21,360 Speaker 1: continues to build up troops on a day to day basis. 99 00:05:21,800 --> 00:05:25,040 Speaker 1: US Ambassador of the UN Linda Thomas Greenfield says today 100 00:05:25,160 --> 00:05:27,560 Speaker 1: is actually a chance for Russia. Are the reason we're 101 00:05:27,720 --> 00:05:32,880 Speaker 1: calling for this meeting on Monday is one more opportunity 102 00:05:33,240 --> 00:05:36,880 Speaker 1: to find the diplomatic way out for for the Russians. 103 00:05:36,880 --> 00:05:39,680 Speaker 1: But she says, the others are to talk further actions 104 00:05:39,720 --> 00:05:42,760 Speaker 1: from sanctions to troop build up and to see where 105 00:05:42,839 --> 00:05:46,960 Speaker 1: other nations stand. In San Francisco, I'm at Baxter Bloomberg 106 00:05:47,000 --> 00:05:49,680 Speaker 1: day Break, Thanks had that tension over Ukraine, along with 107 00:05:49,760 --> 00:05:52,760 Speaker 1: sustained global demand, is giving a lift to oil. Crude 108 00:05:52,800 --> 00:05:55,560 Speaker 1: is on course for its best January in three decades. 109 00:05:55,640 --> 00:05:58,440 Speaker 1: Checking prices now, Nimex crudes up nine tenths per cent 110 00:05:58,480 --> 00:06:01,280 Speaker 1: at eighty seven dollar sixty cents. Barrel Brent is up 111 00:06:01,279 --> 00:06:05,000 Speaker 1: one and a half percent at ninety cents. On the 112 00:06:05,040 --> 00:06:08,160 Speaker 1: corporate front, this morning, Nathan, Spotify is in the spotlights 113 00:06:08,200 --> 00:06:12,120 Speaker 1: as you're spunding to controversy over COVID misinformation from Joe 114 00:06:12,200 --> 00:06:15,560 Speaker 1: Rogan's podcast, we get a story from Bloomberg's Lisa Mateo. 115 00:06:15,760 --> 00:06:19,560 Speaker 1: In an Instagram video, Rogan apologized and pledged more balanced 116 00:06:19,560 --> 00:06:22,800 Speaker 1: and better research for his podcasts. The comments come after 117 00:06:22,880 --> 00:06:25,960 Speaker 1: Spotify outline steps it will take to halt the spread 118 00:06:26,000 --> 00:06:30,080 Speaker 1: of misleading information about COVID. Rogan has hosted several outspoken 119 00:06:30,120 --> 00:06:33,320 Speaker 1: skeptics of the vaccine. Last week, singers Neil Young and 120 00:06:33,400 --> 00:06:36,880 Speaker 1: Joni Mitchell pulled their music from Spotify to protest Rogan. 121 00:06:37,120 --> 00:06:40,919 Speaker 1: Almost four billion dollars was white from Spotify's market value 122 00:06:41,000 --> 00:06:45,360 Speaker 1: last week. Lisa Mateo, Bloomberg, Daybreak and Lisa's Spotify wasn't 123 00:06:45,360 --> 00:06:47,359 Speaker 1: the only stock to take a pounding last week. So 124 00:06:47,440 --> 00:06:50,560 Speaker 1: did robin Hood. It's dropped to a record low, and 125 00:06:50,600 --> 00:06:53,760 Speaker 1: on Friday, Kathy Woods Arc Investment Management bought nearly two 126 00:06:53,760 --> 00:06:57,360 Speaker 1: and a half million shares. Robin Hood still trades sixtent 127 00:06:57,440 --> 00:06:59,919 Speaker 1: below its I p O price. And Nathan, there's also 128 00:07:00,080 --> 00:07:03,080 Speaker 1: possible deal this morning. Bloomberg News has learned that Elliott 129 00:07:03,080 --> 00:07:06,159 Speaker 1: Investment Management in Vista Equity are nearing an agreement to 130 00:07:06,160 --> 00:07:09,359 Speaker 1: buy software maker Citrix Systems. The deal and value the 131 00:07:09,360 --> 00:07:13,720 Speaker 1: company's equity at about thirteen billion dollars. And straight ahead 132 00:07:13,800 --> 00:07:17,000 Speaker 1: your latest local headlines plus a check of sports, and 133 00:07:17,160 --> 00:07:24,080 Speaker 1: this is Bloomberg. It's tearing at six o seven on 134 00:07:24,120 --> 00:07:27,840 Speaker 1: Wall Street. Another chilly morning in New York City, twenty 135 00:07:27,880 --> 00:07:30,720 Speaker 1: degrees right now, still dealing with a westbound accident on 136 00:07:30,760 --> 00:07:33,240 Speaker 1: the belt Parkway at jaff Care for its tails coming 137 00:07:33,280 --> 00:07:35,840 Speaker 1: up in traffic first, Michael Barr with what else is 138 00:07:35,880 --> 00:07:37,880 Speaker 1: going on in the city and around the world. Michael, 139 00:07:37,920 --> 00:07:40,280 Speaker 1: thank you very much, Nathan. New York City will provide 140 00:07:40,320 --> 00:07:44,000 Speaker 1: free anti viral pills home delivered two people who test 141 00:07:44,040 --> 00:07:48,440 Speaker 1: positive and are at higher risk from COVID. Nineteen. Mayor 142 00:07:48,600 --> 00:07:51,280 Speaker 1: Eric Adams at a news conference yesterday in the Bronx says, 143 00:07:51,440 --> 00:07:53,560 Speaker 1: we want to make sure that no one with COVID 144 00:07:53,600 --> 00:07:56,160 Speaker 1: has to move throughout the city. New York is one 145 00:07:56,200 --> 00:08:01,160 Speaker 1: of the only places in the nation where we are 146 00:08:01,360 --> 00:08:05,520 Speaker 1: doing this free delivery. Adams also shared the latest data 147 00:08:05,600 --> 00:08:10,000 Speaker 1: on COVID rates in the city. Hospitalizations are down, COVID 148 00:08:10,120 --> 00:08:13,680 Speaker 1: deaths are down, and that is because of the hard 149 00:08:13,680 --> 00:08:16,080 Speaker 1: work of everyday New york Is that are doing the 150 00:08:16,160 --> 00:08:21,559 Speaker 1: right thing around vaccine nations and boost the shops. Mayor 151 00:08:21,600 --> 00:08:24,360 Speaker 1: Adams says the pills would be delivered in partnership with 152 00:08:24,480 --> 00:08:28,360 Speaker 1: Alto Pharmacy. North Korea has confirmed it test launched and 153 00:08:28,440 --> 00:08:32,000 Speaker 1: intermediate Arrange ballistic missile capable of reaching the U. S 154 00:08:32,080 --> 00:08:35,600 Speaker 1: territory of Guam, in his most significant launch in almost 155 00:08:35,640 --> 00:08:39,439 Speaker 1: five years. North Korea said the test verify the accuracy 156 00:08:39,559 --> 00:08:42,839 Speaker 1: of the Wassan twelve missile. White House officials said North 157 00:08:42,920 --> 00:08:49,240 Speaker 1: Korea's escalating provocations have become increasingly concerning. Chessly Christ, the 158 00:08:49,679 --> 00:08:52,800 Speaker 1: nineteen winner of the Miss USA pageant and a correspondent 159 00:08:52,840 --> 00:08:56,079 Speaker 1: for the entertainment news program Extra, has died. New York 160 00:08:56,080 --> 00:08:59,040 Speaker 1: City Police said Chris, who was thirty, jumped from a 161 00:08:59,080 --> 00:09:02,840 Speaker 1: Manhattan apart and building. Senate majority leader Chuck Schumer of 162 00:09:02,840 --> 00:09:05,160 Speaker 1: New York says he is pledging to push for one 163 00:09:05,200 --> 00:09:08,439 Speaker 1: point five billion dollars of the federal budget to go 164 00:09:08,640 --> 00:09:11,960 Speaker 1: to the a t F to combat the interstate gun trade. 165 00:09:12,080 --> 00:09:15,360 Speaker 1: We're Gonna asked him to direct that money to particularly 166 00:09:15,440 --> 00:09:20,080 Speaker 1: go after gun trafficking, the Iron Pipeline, and a special 167 00:09:20,080 --> 00:09:22,440 Speaker 1: task force that they have set up to deal with 168 00:09:22,559 --> 00:09:26,000 Speaker 1: states that export guns. Senator Schumer says the gun trade 169 00:09:26,040 --> 00:09:29,800 Speaker 1: is responsible for of the gun violence in New York. 170 00:09:30,200 --> 00:09:34,280 Speaker 1: New York Republicans Nicole Meliatakas and Claudia Tenney would have 171 00:09:34,320 --> 00:09:37,120 Speaker 1: to find a way to appeal to opposition party voters 172 00:09:37,160 --> 00:09:41,400 Speaker 1: under a revamped congressional district plan. The proposed map, released 173 00:09:41,440 --> 00:09:45,480 Speaker 1: Sunday is designed to maximize the prospects for Democrats ahead 174 00:09:45,480 --> 00:09:48,520 Speaker 1: of the November election. Global News twenty four hours a 175 00:09:48,600 --> 00:09:51,800 Speaker 1: day on air and on Bloomberg Quicktake, powered by more 176 00:09:51,840 --> 00:09:55,480 Speaker 1: than seven hundred journalists analysts more than a hundred twenty countries. 177 00:09:55,840 --> 00:09:58,920 Speaker 1: Michael Barer, this is Bloomberg. Nathan. All right, Michael, thank 178 00:09:58,960 --> 00:10:05,040 Speaker 1: you almost six cent on Wall Street. Time for the 179 00:10:05,040 --> 00:10:08,719 Speaker 1: Bloomberg Sports Update with John Stanshower. Nail the Bengals and 180 00:10:08,880 --> 00:10:11,080 Speaker 1: Rams Super Bowl fifty six in l A. And if 181 00:10:11,120 --> 00:10:12,920 Speaker 1: the game is anything like what we've seen in the 182 00:10:13,000 --> 00:10:15,680 Speaker 1: last two weekends, we'll have a close super Bowl. The 183 00:10:15,720 --> 00:10:19,400 Speaker 1: last six playoff games, five decided by three points and 184 00:10:19,440 --> 00:10:22,400 Speaker 1: the other by six, and that one overtime to double 185 00:10:22,480 --> 00:10:26,520 Speaker 1: digit comebacks another overtime. In the conference championship, Cincinnati came 186 00:10:26,520 --> 00:10:30,000 Speaker 1: from eighteen down to win in Kansas City twenty four 187 00:10:30,160 --> 00:10:32,960 Speaker 1: n ot. The Bengals, led by their young quarterback Joe 188 00:10:32,960 --> 00:10:36,720 Speaker 1: Burrow and their rookie kicker Evan McPherson, four field goals 189 00:10:36,800 --> 00:10:40,040 Speaker 1: in all three of their playoff wins, no misses, twelve 190 00:10:40,080 --> 00:10:42,320 Speaker 1: for twelve, the one in ot set up by an 191 00:10:42,320 --> 00:10:45,120 Speaker 1: interception thrown by Patrick Mahomes. He came back to Earth 192 00:10:45,160 --> 00:10:47,840 Speaker 1: after last week, so Robis had a strong start yesterday, 193 00:10:47,840 --> 00:10:51,160 Speaker 1: but Mahomes and the Chief denied a third straight AFC championship. 194 00:10:51,200 --> 00:10:53,719 Speaker 1: The Rams, led by Matthew Stafford rallied from ten down 195 00:10:53,760 --> 00:10:56,440 Speaker 1: in the fourth quarter touchdowns, second of the game for 196 00:10:56,480 --> 00:10:58,160 Speaker 1: Cooper Cup and then two field goals. They took the 197 00:10:58,240 --> 00:11:00,440 Speaker 1: lead on the forty niners with under two that's left, 198 00:11:00,480 --> 00:11:04,680 Speaker 1: and then sealed the victory factor Garoppolo pocket crumbling, he 199 00:11:04,800 --> 00:11:08,080 Speaker 1: spins out, he's hit, he's wrapped up. He flipped it forward. 200 00:11:08,240 --> 00:11:13,480 Speaker 1: It's deep. Hits intercepted, hit dintercept in hit detercepted. Very 201 00:11:13,559 --> 00:11:17,480 Speaker 1: Donald's got quite run the rock below and Traven Howard 202 00:11:17,760 --> 00:11:22,640 Speaker 1: plitches the NFC Championship Game LA they call the Rams 203 00:11:22,640 --> 00:11:24,680 Speaker 1: finally beat the Niners, who they had lost two sixth 204 00:11:24,720 --> 00:11:28,240 Speaker 1: or eight times, twenty to seventeen. Josh McDaniels leaving New 205 00:11:28,240 --> 00:11:30,040 Speaker 1: England to be the head coach with the Raiders. The 206 00:11:30,080 --> 00:11:32,720 Speaker 1: Giants will introduce their new coach, Brian Dabo this morning. 207 00:11:33,080 --> 00:11:35,480 Speaker 1: Rangers at the Garden avoided their first big game losing speak. 208 00:11:35,520 --> 00:11:38,200 Speaker 1: They scored final minute beat the Seattle crack in three 209 00:11:38,200 --> 00:11:40,960 Speaker 1: to two. The Islanders lost in Minnesota four to three. 210 00:11:41,200 --> 00:11:44,600 Speaker 1: John Stashward Bloomberg Sports Nathan, Sorry, John, Thanks Right now, 211 00:11:44,720 --> 00:11:47,559 Speaker 1: SMP futures are down three points, Stown futures down a 212 00:11:47,640 --> 00:11:51,120 Speaker 1: hundred twelve. Dansdack futures still on the rise. They're up 213 00:11:51,360 --> 00:11:54,080 Speaker 1: sixty seven points. The ten year treasury is down five 214 00:11:54,120 --> 00:11:56,920 Speaker 1: thirty seconds. The yield one point seven eight percent. The 215 00:11:57,040 --> 00:11:59,320 Speaker 1: yield on the two year right now one point two 216 00:11:59,440 --> 00:12:08,079 Speaker 1: zero percent. You're listening to Bloomberg day Break Bloomberg eleven 217 00:12:08,080 --> 00:12:10,120 Speaker 1: three oh Weather sunny with a high near thirty today, 218 00:12:10,160 --> 00:12:14,079 Speaker 1: mostly sunny, mid thirties tomorrow, mostly cloudy by Wednesday, with 219 00:12:14,160 --> 00:12:17,840 Speaker 1: highs near forty five degrees currently twenty under a pier 220 00:12:17,880 --> 00:12:24,640 Speaker 1: sky in Central Park. Markets. Headlines and breaking news twenty 221 00:12:24,640 --> 00:12:27,480 Speaker 1: four hours a day at Bloomberg dot Com, The Bloomberg 222 00:12:27,520 --> 00:12:31,559 Speaker 1: Business Outland at Bloomberg Quick Tape, He's a Bloomberg business 223 00:12:31,640 --> 00:12:40,880 Speaker 1: lash and I'm Cameron Moscow. European stocks on the rise 224 00:12:40,960 --> 00:12:44,280 Speaker 1: this morning. US stock index futures are mixes. Investors bet 225 00:12:44,280 --> 00:12:47,760 Speaker 1: corporate earnings will continue to grow amid aggressive tightening by 226 00:12:47,840 --> 00:12:50,320 Speaker 1: the Fed. We checked the markets every fifteen minutes throughout 227 00:12:50,320 --> 00:12:53,000 Speaker 1: the trading day on Bloomberg s and P Future is 228 00:12:53,040 --> 00:12:55,600 Speaker 1: lower down six points now, Futures down a hundred thirties 229 00:12:55,679 --> 00:12:58,439 Speaker 1: seven nas deck Future is up sixty five the decks 230 00:12:58,440 --> 00:13:01,040 Speaker 1: in Germany's up six tenths of upper cent. Ten year 231 00:13:01,080 --> 00:13:03,480 Speaker 1: Treasury down five thirty seconds here at one point seven 232 00:13:03,520 --> 00:13:05,560 Speaker 1: eight percent. They yield on the two year one point 233 00:13:05,600 --> 00:13:08,480 Speaker 1: to zero percent now. I mix Screwed oil is up 234 00:13:08,520 --> 00:13:10,480 Speaker 1: nine tenths per cent, or seventy six cents at eighty 235 00:13:10,480 --> 00:13:13,400 Speaker 1: seven dollars fifty eight cents a barrel comes Gold up 236 00:13:13,440 --> 00:13:15,760 Speaker 1: three tenths per cent or five dollars seventy cents at 237 00:13:15,800 --> 00:13:20,040 Speaker 1: seventy announce. The Euro one point one six two against 238 00:13:20,080 --> 00:13:22,280 Speaker 1: the dollar. British found one point three four three two 239 00:13:22,679 --> 00:13:25,120 Speaker 1: and the ends at one fifteen point five zero Bitcoin 240 00:13:25,240 --> 00:13:28,280 Speaker 1: this morning moving lower at thirty seven thousand, two hundred 241 00:13:28,320 --> 00:13:31,200 Speaker 1: forty dollars. That's a Bloomberg business flash. Now here's Michael 242 00:13:31,240 --> 00:13:33,760 Speaker 1: Barr with more on what's going on around the world. Michael, 243 00:13:34,640 --> 00:13:36,920 Speaker 1: thank you very much, Karen. The U n Security Council 244 00:13:37,080 --> 00:13:39,480 Speaker 1: is scheduled to meet today for the first time on 245 00:13:39,679 --> 00:13:44,080 Speaker 1: Russia's troop build up and threatening actions against Ukraine. Meeting 246 00:13:44,240 --> 00:13:46,800 Speaker 1: is at the request of the United States. A new 247 00:13:46,880 --> 00:13:50,480 Speaker 1: ABC News IPSIS poll shows that three quarters of Americans 248 00:13:50,800 --> 00:13:54,000 Speaker 1: want President by to consider all possible nominees for the 249 00:13:54,040 --> 00:13:58,120 Speaker 1: next Supreme Court nominee, regardless of race or gender. Biden 250 00:13:58,200 --> 00:14:01,280 Speaker 1: pledged to nominate a black woman to replace outgoing Justice 251 00:14:01,320 --> 00:14:04,400 Speaker 1: Stephen Bryer. It will be the Bengals versus the Rams 252 00:14:04,440 --> 00:14:08,559 Speaker 1: in the Super Bowl Cincinnati. The Chiefs four in ot 253 00:14:09,120 --> 00:14:11,920 Speaker 1: to win the a f C. The Rams beat forte 254 00:14:12,880 --> 00:14:16,720 Speaker 1: seventeen for the NFC title. In the NHL, the Rangers 255 00:14:16,800 --> 00:14:20,680 Speaker 1: won the Islanders and Bruins lost. In tennis, Raphael Nadal 256 00:14:20,760 --> 00:14:23,760 Speaker 1: has won a men's record twenty first Grand Slam Singles 257 00:14:23,840 --> 00:14:27,640 Speaker 1: title in the Australian Open Global News twenty four hours 258 00:14:27,680 --> 00:14:30,200 Speaker 1: a day on air and on Bloomberg Quick Take, powered 259 00:14:30,240 --> 00:14:32,960 Speaker 1: by more than twenty seven hundred journalist and analysts more 260 00:14:32,960 --> 00:14:35,760 Speaker 1: than a hundred twenty countries. Michael Barr, This is Bloomberg, 261 00:14:35,840 --> 00:14:38,120 Speaker 1: Nathan all right, Michael. Thanks at six nineteen on Wall 262 00:14:38,160 --> 00:14:40,720 Speaker 1: Street Live from the Bloomberg Interactive Broker Studios. This is 263 00:14:40,840 --> 00:14:44,720 Speaker 1: Bloomberg day Break, watching a red headline cross the Bloomberg terminal. 264 00:14:44,880 --> 00:14:48,600 Speaker 1: UK Prime Minister Boris Johnson has received a civil servants 265 00:14:48,640 --> 00:14:52,760 Speaker 1: report into the so called party gates scandal, allegations that 266 00:14:53,000 --> 00:14:57,160 Speaker 1: a number of parties were held inside Boris Johnson's offices 267 00:14:57,640 --> 00:15:00,640 Speaker 1: during the early part of the pandemic the UK was 268 00:15:00,760 --> 00:15:04,160 Speaker 1: under lockdown. Prime Minister Johnson's expected to make a statement 269 00:15:04,200 --> 00:15:06,120 Speaker 1: to the House of Commons later today. Of course, we'll 270 00:15:06,360 --> 00:15:09,560 Speaker 1: continue following all those developments here for you on Bloomberg Radio. 271 00:15:09,640 --> 00:15:11,760 Speaker 1: We want to get the latest on the pandemic itself 272 00:15:11,840 --> 00:15:14,360 Speaker 1: now where some of the biggest developments have been as 273 00:15:14,440 --> 00:15:17,560 Speaker 1: much on coronavirus information as they have on the pandemic itself. 274 00:15:17,640 --> 00:15:20,960 Speaker 1: Joining us now, Professor g gronvol with the Johns Hopkins 275 00:15:21,000 --> 00:15:24,200 Speaker 1: Bloomberg School of Public Health. Very interesting to see these 276 00:15:24,280 --> 00:15:28,400 Speaker 1: developments around UH, sort of the government response more broadly 277 00:15:29,000 --> 00:15:32,040 Speaker 1: to the pandemic early on, and of course this controversy 278 00:15:32,160 --> 00:15:36,560 Speaker 1: over the weekend around Joe Rogan's podcast. The podcaster has 279 00:15:36,600 --> 00:15:41,040 Speaker 1: apologized now says he's gonna have more sources on with 280 00:15:41,520 --> 00:15:44,360 Speaker 1: different types of information about the pandemic. He's gonna accused, 281 00:15:44,400 --> 00:15:48,000 Speaker 1: of course, of UH passing along COVID misinformation. From a 282 00:15:48,120 --> 00:15:51,600 Speaker 1: public health perspective, though, I'm curious about what the impact 283 00:15:51,880 --> 00:15:56,440 Speaker 1: of UH podcasts like Rogan's have been when it comes 284 00:15:56,560 --> 00:16:02,920 Speaker 1: to battling the pandemic itself. Professor, Yeah, it's very discouraging because, um, 285 00:16:03,240 --> 00:16:07,240 Speaker 1: right now, for most people, for most healthy people, UH, 286 00:16:07,600 --> 00:16:11,680 Speaker 1: COVID is a vaccine preventable disease, and UM more people 287 00:16:11,920 --> 00:16:14,480 Speaker 1: have died. Hundreds of thousands of people have died in 288 00:16:14,560 --> 00:16:18,400 Speaker 1: this in this country, UM, since vaccines have been available, 289 00:16:18,600 --> 00:16:23,360 Speaker 1: so UM there, there's it's hard to reach people to 290 00:16:23,680 --> 00:16:27,000 Speaker 1: to give them the right information about the vaccine and 291 00:16:27,080 --> 00:16:29,840 Speaker 1: why it could save their lives. But it's even harder 292 00:16:29,880 --> 00:16:33,360 Speaker 1: when you have people who are actively countering that information. 293 00:16:34,520 --> 00:16:37,800 Speaker 1: We've heard from the CEO of Spotify. He says that 294 00:16:38,240 --> 00:16:43,720 Speaker 1: they're going to direct people to different types of content, 295 00:16:44,240 --> 00:16:50,440 Speaker 1: more factual content, uh, and put up sort of disclaimers 296 00:16:50,600 --> 00:16:54,560 Speaker 1: around podcasts like Rogan's. It's sort of a similar tact 297 00:16:54,600 --> 00:16:58,160 Speaker 1: that Facebook and other social media platforms have taken when 298 00:16:58,200 --> 00:17:01,680 Speaker 1: it comes to misinformation. Do you think stances like that help? 299 00:17:03,040 --> 00:17:05,720 Speaker 1: I mean, it definitely helps, UM, but you have to 300 00:17:05,840 --> 00:17:09,000 Speaker 1: shut the poison offictive source. You know, it's contaminating the 301 00:17:09,119 --> 00:17:12,160 Speaker 1: discourse and we need to, um have a lot more 302 00:17:12,359 --> 00:17:15,520 Speaker 1: of the right information, the correct information, so that people 303 00:17:15,600 --> 00:17:19,359 Speaker 1: can make an informed decision. It's um, I think, you know, 304 00:17:19,480 --> 00:17:21,879 Speaker 1: every little bit helps, but I don't think that the 305 00:17:22,000 --> 00:17:25,800 Speaker 1: steps that Facebook or Spotify are taking are are going 306 00:17:25,840 --> 00:17:28,399 Speaker 1: to be sufficient. And there's a lot more money on 307 00:17:28,560 --> 00:17:32,919 Speaker 1: that side the raising questions, raising doubts and and taking 308 00:17:33,000 --> 00:17:35,840 Speaker 1: shots at the at the effectiveness of the vaccine than 309 00:17:35,880 --> 00:17:39,560 Speaker 1: there is money on the promotion of the vaccine. And 310 00:17:39,640 --> 00:17:44,119 Speaker 1: that's that's always been the case. So how do you 311 00:17:44,840 --> 00:17:50,399 Speaker 1: uh sort of balance things out better when, as you mentioned, 312 00:17:50,880 --> 00:17:53,480 Speaker 1: there is the sort of imbalance when it comes to 313 00:17:53,640 --> 00:17:58,399 Speaker 1: the resources behind the information. Well, part of this is 314 00:17:58,520 --> 00:18:01,359 Speaker 1: that people need to be realize that they have a 315 00:18:01,520 --> 00:18:04,600 Speaker 1: role to play here. Um. You know, these people like 316 00:18:04,760 --> 00:18:08,240 Speaker 1: Joe Rogan don't come about by accident. Um. The people 317 00:18:08,440 --> 00:18:11,960 Speaker 1: need to take responsibility for what is on their stations 318 00:18:12,600 --> 00:18:15,440 Speaker 1: and what kind of messages that they're being there. They're 319 00:18:15,520 --> 00:18:19,520 Speaker 1: sending a lot of news. Organizations they require their employees 320 00:18:19,600 --> 00:18:22,760 Speaker 1: to be vaccinated, but yet they go around. Uh, these 321 00:18:22,840 --> 00:18:26,600 Speaker 1: vaccinated people turn around and then talk to their audiences 322 00:18:26,760 --> 00:18:29,320 Speaker 1: as if um, as if the vaccines are not effective. 323 00:18:29,880 --> 00:18:32,800 Speaker 1: It's really disingenuous and it kind of UM. I know 324 00:18:32,920 --> 00:18:34,639 Speaker 1: why they do it because there's money in it, but 325 00:18:34,960 --> 00:18:38,440 Speaker 1: it's still um, it's still wrong. We have about a 326 00:18:38,480 --> 00:18:41,560 Speaker 1: minute left here. Where would you say we are in 327 00:18:41,800 --> 00:18:46,000 Speaker 1: terms of getting the pandemic under control? The ongoing debate 328 00:18:46,040 --> 00:18:49,479 Speaker 1: about whether we can sort of think about COVID as 329 00:18:49,560 --> 00:18:52,680 Speaker 1: being more endemic than a pandemic. Are we getting close 330 00:18:52,760 --> 00:18:57,840 Speaker 1: to that point? It's it's definitely two worlds here because 331 00:18:58,320 --> 00:19:01,720 Speaker 1: for most for many people like myself like you, I'm 332 00:19:01,800 --> 00:19:06,639 Speaker 1: sure you your vaccinated, you're boosted. If your children are eligible, 333 00:19:06,760 --> 00:19:10,760 Speaker 1: they're vaccinated, or my fourteen year old has already boosted. Um, 334 00:19:11,000 --> 00:19:13,440 Speaker 1: this is uh, this is you know, we've done what 335 00:19:13,600 --> 00:19:16,359 Speaker 1: we can and there are drugs on the horizon that 336 00:19:16,440 --> 00:19:20,640 Speaker 1: will help. But from hospitals are still getting crushed by 337 00:19:20,960 --> 00:19:25,320 Speaker 1: unvaccinated people at their door and requiring a lot of 338 00:19:25,400 --> 00:19:29,560 Speaker 1: intensive care. So we are definitely um in in two 339 00:19:29,600 --> 00:19:33,000 Speaker 1: different worlds right now. Hopefully things will get better soon. Yeah, 340 00:19:33,160 --> 00:19:37,040 Speaker 1: that is obviously the hope. And thanks for the solid 341 00:19:37,160 --> 00:19:40,760 Speaker 1: information as always, Professors Gig Grandvaal with the Johns Hopkins 342 00:19:40,800 --> 00:19:43,800 Speaker 1: Bloomberg School of Public Health, supported by Michael Bloomberg, the 343 00:19:43,840 --> 00:19:46,280 Speaker 1: founder and majority owner of Bloomberg LP. That's the parent 344 00:19:46,359 --> 00:19:49,720 Speaker 1: company of Bloomberg Radio. Taking a look at markets on 345 00:19:49,880 --> 00:19:54,040 Speaker 1: this final training day of January. Mixed action SMP futures 346 00:19:54,080 --> 00:19:56,320 Speaker 1: down eight down, futures down a hundred forty seven point 347 00:19:56,400 --> 00:20:00,439 Speaker 1: stance at futures are higher by fifty three with us. 348 00:20:00,520 --> 00:20:08,439 Speaker 1: You're listening to Bloomberg day Berg Blomberg eleven three oh 349 00:20:08,480 --> 00:20:11,560 Speaker 1: weather sunshine him in your thirty Today, mid thirties, mostly sunny, 350 00:20:11,600 --> 00:20:14,520 Speaker 1: Tomorrow will be in the mid forties, mostly cloudy by Wednesday. 351 00:20:14,680 --> 00:20:18,400 Speaker 1: Right now clear and twenty degrees two zero in Central Park, 352 00:20:22,119 --> 00:20:26,640 Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York. 353 00:20:26,800 --> 00:20:30,879 Speaker 1: Bloomberg e Loving Freedom to Washington, d C. Bloomberg to 354 00:20:31,040 --> 00:20:34,680 Speaker 1: Boston Bloomberg one oh six one, to San Francisco, Bloomberg 355 00:20:34,760 --> 00:20:37,840 Speaker 1: non sixty to the country Sirius XM Chando one nine, 356 00:20:38,240 --> 00:20:41,400 Speaker 1: and around the globe the Bloomberg business at and Bloomberg 357 00:20:41,480 --> 00:20:51,000 Speaker 1: Radio dot com. This is Bloomberg Daybreak. It's six thirty 358 00:20:51,000 --> 00:20:53,600 Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm 359 00:20:53,680 --> 00:20:56,520 Speaker 1: Karen Moscow. Out here, just about three hours away from 360 00:20:56,560 --> 00:20:59,240 Speaker 1: the open of US trading. Time for the five Things 361 00:20:59,280 --> 00:21:01,240 Speaker 1: you need to know to start your day, brought to 362 00:21:01,320 --> 00:21:05,800 Speaker 1: you by Interactive Brokers. Investment advisers switched to Interactive Brokers 363 00:21:05,840 --> 00:21:09,080 Speaker 1: for a lowest cost global trading and turnkey custody solutions, 364 00:21:09,480 --> 00:21:12,119 Speaker 1: no ticket charges and no conflicts of your interests at 365 00:21:12,200 --> 00:21:14,920 Speaker 1: I b k R dot com slash r i A 366 00:21:15,840 --> 00:21:19,320 Speaker 1: up first. S and P futures are lower this morning 367 00:21:19,359 --> 00:21:22,080 Speaker 1: as we close out the volatile trading month of January. 368 00:21:22,200 --> 00:21:24,560 Speaker 1: Despite Friday's rally, the S and P five hundred is 369 00:21:24,600 --> 00:21:27,440 Speaker 1: down seven percent so far this month. The tech having 370 00:21:27,480 --> 00:21:30,560 Speaker 1: NOWSDACK is off by twelve percent. Oil is up sixteen 371 00:21:30,640 --> 00:21:33,800 Speaker 1: percent and on track for its best January in three decades. 372 00:21:33,960 --> 00:21:36,280 Speaker 1: We'm caring. The pullback and risk assets comes as the 373 00:21:36,359 --> 00:21:39,200 Speaker 1: Fed turns hawkish, and now there's speculation about whether a 374 00:21:39,280 --> 00:21:42,200 Speaker 1: rate hike in March could be bigger than initially expected. 375 00:21:42,440 --> 00:21:44,399 Speaker 1: Let's get the latest lie from Bloomberg's We need a 376 00:21:44,480 --> 00:21:47,080 Speaker 1: Young Good morning, Good morning, Nathan. The Fed could raise 377 00:21:47,160 --> 00:21:49,960 Speaker 1: the benchmark rate by fifty basis points if there's a 378 00:21:50,040 --> 00:21:53,400 Speaker 1: need to be more aggressive when inflation. That's what Atlanta 379 00:21:53,440 --> 00:21:57,000 Speaker 1: Fit president Raphael Bostick told The Financial Times, and he's 380 00:21:57,000 --> 00:22:00,359 Speaker 1: stuck to his prediction that three quarter point increases starting 381 00:22:00,359 --> 00:22:04,359 Speaker 1: in March is the most likely scenario. Meantime, Goldman Sachs 382 00:22:04,440 --> 00:22:07,320 Speaker 1: predicts the Fed will raise interest rates by twenty five 383 00:22:07,400 --> 00:22:10,800 Speaker 1: basis points five times this year. Live in New York, 384 00:22:10,880 --> 00:22:13,520 Speaker 1: I'm Nita Young, Bloomberg day Break, rned to thank you. 385 00:22:13,640 --> 00:22:16,159 Speaker 1: Interest Rates are also in focus in Europe, according to 386 00:22:16,200 --> 00:22:18,840 Speaker 1: a Bloomberg survey of economist the Bank of England, while 387 00:22:18,920 --> 00:22:22,320 Speaker 1: race interest rates to one half of one percent on Thursday, 388 00:22:22,760 --> 00:22:25,439 Speaker 1: that would complete the first back to back rate hikes 389 00:22:25,480 --> 00:22:29,240 Speaker 1: in eighteen years. Politics are also front and center in Europe. Karen, 390 00:22:29,320 --> 00:22:33,040 Speaker 1: after six days of voting in Italy's parliament, Sergio Monterrella 391 00:22:33,160 --> 00:22:35,760 Speaker 1: has been re elected president and will remain in office 392 00:22:35,840 --> 00:22:39,159 Speaker 1: for another term. We get the details from Bloomberg's Francy Laqua. 393 00:22:39,280 --> 00:22:42,080 Speaker 1: In Rome, Mario drown the prime minister. It was initially 394 00:22:42,119 --> 00:22:44,919 Speaker 1: seen as a top contender for the job, but lawmakers 395 00:22:44,960 --> 00:22:47,760 Speaker 1: and feared to return to political germ oil without drawing 396 00:22:48,080 --> 00:22:50,879 Speaker 1: as prime minister. In the end it was drawn himself, 397 00:22:50,920 --> 00:22:53,560 Speaker 1: whilst much weel to remain in office, bringing the week 398 00:22:53,640 --> 00:22:56,880 Speaker 1: long stalemates. The outcome could also provide relief to investors 399 00:22:57,080 --> 00:23:00,160 Speaker 1: because they reduces the chances of early elections and will 400 00:23:00,200 --> 00:23:03,240 Speaker 1: it Draggy Press ahead with his reform agenda until the 401 00:23:03,280 --> 00:23:08,880 Speaker 1: next election due in Rome. Francin Laqua Bloomberg day Break. Francine, 402 00:23:08,960 --> 00:23:10,920 Speaker 1: thank you, and we also have a possible deal to 403 00:23:11,000 --> 00:23:13,359 Speaker 1: tell you about this morning. Bloomberg News has learned that 404 00:23:13,400 --> 00:23:17,119 Speaker 1: Elliott Investment Management in Vista Equity are nearing an agreement 405 00:23:17,160 --> 00:23:20,440 Speaker 1: to buy software maker Citrix Systems. The deal with value 406 00:23:20,440 --> 00:23:23,639 Speaker 1: the company's equity at about thirteen billion dollars. That takeover 407 00:23:23,720 --> 00:23:26,560 Speaker 1: could be announced as soon as today. And that's the 408 00:23:26,640 --> 00:23:28,560 Speaker 1: five things you need to know to start your day, 409 00:23:28,600 --> 00:23:31,560 Speaker 1: Brought to you by Interactive brokers straight to hand, your 410 00:23:31,640 --> 00:23:33,720 Speaker 1: latest local headlines, sup plus a check of sports. This 411 00:23:34,040 --> 00:23:40,200 Speaker 1: is Bloomberg. Thanks caring. At six thirty three on Wall Street. 412 00:23:40,240 --> 00:23:42,879 Speaker 1: Worked twenty degrees in Central Park dealing with big delays 413 00:23:42,960 --> 00:23:45,880 Speaker 1: on southbound FDR Drive with an accident by sixty third. 414 00:23:45,960 --> 00:23:48,760 Speaker 1: Details coming up in Traffic First Michael Barr with more 415 00:23:48,800 --> 00:23:50,720 Speaker 1: on what's going on in New York and around the world. 416 00:23:50,800 --> 00:23:53,720 Speaker 1: Good morning, Michael, Good morning Nathan. New York City Mayor 417 00:23:53,920 --> 00:23:57,160 Speaker 1: Eric Adams says free covid anti viral pills are going 418 00:23:57,200 --> 00:24:00,280 Speaker 1: out in the mail to eligible residents. The all of 419 00:24:00,320 --> 00:24:02,960 Speaker 1: the new program is to keep sick people home rather 420 00:24:03,040 --> 00:24:07,920 Speaker 1: than inside crowded stores. We have the highest vaccination rate 421 00:24:08,320 --> 00:24:11,800 Speaker 1: in the nation. Also, speaking with many of our atoms 422 00:24:11,880 --> 00:24:14,600 Speaker 1: at the news conference in the Bronx, NYC Health Commissioner 423 00:24:14,760 --> 00:24:18,639 Speaker 1: Dave Chotsky, taken together, all of these tools help us 424 00:24:19,200 --> 00:24:23,200 Speaker 1: defang the virus, keeping our loved ones out of the hospital, 425 00:24:23,440 --> 00:24:27,120 Speaker 1: and saving lives, He says. The city already offers free 426 00:24:27,160 --> 00:24:30,080 Speaker 1: at home vaccinations. Dr Chomsky says the pills will be 427 00:24:30,160 --> 00:24:34,639 Speaker 1: delivered in partnership with Alto Pharmacy. Foreign Relations Committee Chair 428 00:24:34,720 --> 00:24:37,480 Speaker 1: Bob and Thendez says U S senators are close to 429 00:24:37,600 --> 00:24:41,520 Speaker 1: agreeing on a Russia sanctions bill that could include penalties 430 00:24:41,560 --> 00:24:45,400 Speaker 1: even if President Vladimir Putin doesn't send troops into Ukraine. 431 00:24:45,760 --> 00:24:48,399 Speaker 1: It comes as the UN Security Council as schedule to 432 00:24:48,440 --> 00:24:51,240 Speaker 1: meet today for the first time on Russia's troop build 433 00:24:51,280 --> 00:24:54,600 Speaker 1: up and threatening actions against Ukraine. At the request of 434 00:24:54,720 --> 00:24:58,240 Speaker 1: the United States, The Biden administration reiterated that it is 435 00:24:58,320 --> 00:25:01,560 Speaker 1: ready to hold talks with North Korea without preconditions. The 436 00:25:01,600 --> 00:25:05,040 Speaker 1: day after Kim John Huon's regime fired an intermediate range 437 00:25:05,080 --> 00:25:09,080 Speaker 1: ballistic missile for the first time since twenty seventeen, senior 438 00:25:09,080 --> 00:25:13,000 Speaker 1: Administration official described North Korea's recent series of missile launches 439 00:25:13,080 --> 00:25:17,400 Speaker 1: as de stabilizing. Republican Senator Susan Collins of Mains as 440 00:25:17,480 --> 00:25:20,960 Speaker 1: former President Donald Trump should not have promised part in 441 00:25:21,080 --> 00:25:25,280 Speaker 1: January sixth insurrectionists. Collins was also asked whether she would 442 00:25:25,359 --> 00:25:29,800 Speaker 1: endorse Trump if he decided to run again. In certainly, 443 00:25:29,960 --> 00:25:35,440 Speaker 1: it's not likely given the many other qualified candidates that 444 00:25:35,600 --> 00:25:40,679 Speaker 1: we have that have expressed interested in running. Senator Collins 445 00:25:40,720 --> 00:25:42,600 Speaker 1: spoke on a d c S this week, which can 446 00:25:42,680 --> 00:25:45,920 Speaker 1: be heard Sundays on Bloomberg. Testimony will resume for a 447 00:25:46,080 --> 00:25:49,639 Speaker 1: second week as the federal trial continues for three former 448 00:25:49,680 --> 00:25:54,320 Speaker 1: Minneapolis police officers charged with violating George Floyd's civil rights. 449 00:25:54,880 --> 00:25:58,200 Speaker 1: Actor Howard Hessman, best known for his role as radio 450 00:25:58,280 --> 00:26:02,159 Speaker 1: DJ doctor John A Favor on the sitcom w k 451 00:26:02,359 --> 00:26:05,840 Speaker 1: RNP and Cincinnati, has died. Hes been died over the 452 00:26:05,880 --> 00:26:09,360 Speaker 1: weekend in Los Angeles at a d one Global News 453 00:26:09,440 --> 00:26:12,080 Speaker 1: twenty four hours a day on air and on Bloomberg 454 00:26:12,200 --> 00:26:14,800 Speaker 1: quick Take, powered by more than twenty seven und journalists 455 00:26:14,840 --> 00:26:17,720 Speaker 1: analysts in more than a twenty countries. I'm Michael Bard, 456 00:26:17,720 --> 00:26:20,040 Speaker 1: this is Bloomberg. Nathan Yeah. A lot of radio people 457 00:26:20,119 --> 00:26:27,240 Speaker 1: feeling that loss for sure, Thank you, Michael. Almost six 458 00:26:27,320 --> 00:26:29,720 Speaker 1: thirty six on Wall Street Time with the Bloomberg Sports Updates, 459 00:26:29,760 --> 00:26:33,119 Speaker 1: picking up radio people both pnus, John Stenhard Yeah, Nathan Cadev. 460 00:26:33,119 --> 00:26:35,960 Speaker 1: An unlikely Super Bowl matchup the Bengals. Until this month, 461 00:26:36,000 --> 00:26:38,080 Speaker 1: they had not won a playoff game in thirty one years. 462 00:26:38,080 --> 00:26:40,159 Speaker 1: They had never won one on the road. They've never 463 00:26:40,200 --> 00:26:41,879 Speaker 1: won a Super Bowl. The Rams only won one. That 464 00:26:41,920 --> 00:26:43,800 Speaker 1: was when they played in St. Louis. But the Bengals 465 00:26:43,840 --> 00:26:46,720 Speaker 1: and Ram both coming from behind. They both won by three. 466 00:26:46,800 --> 00:26:48,800 Speaker 1: They'll meet in two weeks in l A. So, after 467 00:26:48,880 --> 00:26:51,320 Speaker 1: fifty four Super Bowls without a team ploint in its 468 00:26:51,359 --> 00:26:53,880 Speaker 1: home stadium, it will happen the second straight year. Rams 469 00:26:54,160 --> 00:26:55,840 Speaker 1: made a three and a half point favor They trailed 470 00:26:55,840 --> 00:26:57,639 Speaker 1: the forty Niners by ten, and the fourth quarter they 471 00:26:57,720 --> 00:27:01,440 Speaker 1: rallied to win seven team at the Stafford's third playoff 472 00:27:01,520 --> 00:27:04,240 Speaker 1: win after having not won any previously in his career 473 00:27:04,320 --> 00:27:07,800 Speaker 1: big games, catching passes for both Cooper Cup and Odell Beckham. 474 00:27:07,800 --> 00:27:09,960 Speaker 1: The Bengals trailed in Kansas City twenty one three, but 475 00:27:10,040 --> 00:27:13,240 Speaker 1: the Chiefs, who scored touchdowns on their first three possessions, 476 00:27:13,320 --> 00:27:15,840 Speaker 1: did not score one in any of their last eight, 477 00:27:15,920 --> 00:27:18,199 Speaker 1: and Cincinnati went ahead with twenty one points in a row. 478 00:27:18,640 --> 00:27:22,680 Speaker 1: Casey forced overtime, but Patrick mahomes a second interception led 479 00:27:22,760 --> 00:27:26,640 Speaker 1: to the end of m to the Super Bowl four 480 00:27:26,760 --> 00:27:29,320 Speaker 1: years ago. He was a senior in high school and 481 00:27:29,480 --> 00:27:33,440 Speaker 1: tiny Fort Paid, Alabama. Now the Bengal Super Bowl chances 482 00:27:33,560 --> 00:27:38,200 Speaker 1: rest out his right foot to kick his hup. Yeah good. 483 00:27:41,000 --> 00:27:50,680 Speaker 1: The coffin nos bam bam. That is, Cincinnati won just 484 00:27:50,800 --> 00:27:53,399 Speaker 1: six wins over their previous two seasons. The odds on 485 00:27:53,520 --> 00:27:57,479 Speaker 1: them reaching the Super Bowl were once to one. Rangers 486 00:27:57,520 --> 00:28:00,000 Speaker 1: Gotta go final minute from KeAndre Miller beat the Seattle 487 00:28:00,119 --> 00:28:02,600 Speaker 1: cracking at the Garden three two. Islanders lost in Minnesota 488 00:28:02,600 --> 00:28:04,639 Speaker 1: four to three before were met. Reliever Jeff Ennis has 489 00:28:04,680 --> 00:28:07,880 Speaker 1: died of cancering. Whifty nine Johns the actually were Bloombird 490 00:28:07,920 --> 00:28:11,080 Speaker 1: Sports Okay, John, Thanks six thirty seven on Wall Street. 491 00:28:11,119 --> 00:28:12,600 Speaker 1: Time to take a look at stocks and some of 492 00:28:12,640 --> 00:28:15,200 Speaker 1: the names moving in the pre market. Bloomberg Radio and 493 00:28:15,280 --> 00:28:18,760 Speaker 1: TV Markets correspondent Pretty Goofda joins us getting ready for 494 00:28:18,840 --> 00:28:22,560 Speaker 1: this final trading day of January. What a month it 495 00:28:22,640 --> 00:28:25,560 Speaker 1: has been. Creat It has been a month, a year, 496 00:28:25,880 --> 00:28:28,880 Speaker 1: an eternity, it seems like when it comes to the markets. 497 00:28:28,920 --> 00:28:31,520 Speaker 1: But nevertheless, we do have some news this morning that 498 00:28:31,680 --> 00:28:34,080 Speaker 1: could perhaps shake things up and what seems like kind 499 00:28:34,119 --> 00:28:36,760 Speaker 1: of a relatively calm morning. I'm gonna start off here 500 00:28:36,840 --> 00:28:39,800 Speaker 1: with a company called Citric System. Ct x S is 501 00:28:39,840 --> 00:28:42,840 Speaker 1: your taker, down de shy four percent after Elliott Investment 502 00:28:42,880 --> 00:28:46,240 Speaker 1: Management and Vista Equity Partners are nearing an agreement to 503 00:28:46,360 --> 00:28:49,960 Speaker 1: acquire the software maker for about thirteen billion dollars. For 504 00:28:50,000 --> 00:28:52,320 Speaker 1: those of you who aren't familiar, Citrics make software that 505 00:28:52,400 --> 00:28:55,080 Speaker 1: workers used to log onto their corporate programs virtually. This 506 00:28:55,200 --> 00:28:58,120 Speaker 1: is something that was really relied upon during the pandemic 507 00:28:58,200 --> 00:29:01,000 Speaker 1: as people went remote. So why is the stock down 508 00:29:01,400 --> 00:29:04,120 Speaker 1: just shy four percent as you see this potential deal 509 00:29:04,200 --> 00:29:06,920 Speaker 1: news is huge investment to the tune of thirteen billion dollars. Well, 510 00:29:07,160 --> 00:29:09,600 Speaker 1: it's because the price is at about a hundred and 511 00:29:09,680 --> 00:29:13,400 Speaker 1: four dollars per share. For context, Nathan Citris closed at 512 00:29:13,400 --> 00:29:16,520 Speaker 1: a hundred and five dollars and five cents yesterday, so 513 00:29:16,560 --> 00:29:19,479 Speaker 1: there actually there is no premium here that can kind 514 00:29:19,520 --> 00:29:23,720 Speaker 1: of help with that traditional acquisition arbitrage. Interesting now, as 515 00:29:23,760 --> 00:29:26,120 Speaker 1: you know creaty, there was a lot of focus on 516 00:29:26,360 --> 00:29:29,320 Speaker 1: Spotify over the weekend, and now it looks like the 517 00:29:29,440 --> 00:29:33,080 Speaker 1: stock has analysts attention. Yeah, the analysts getting really busy 518 00:29:33,120 --> 00:29:35,440 Speaker 1: when it comes to whether Netflix is a buy a 519 00:29:35,600 --> 00:29:37,560 Speaker 1: cell or do you could just stay on the sidelines 520 00:29:37,600 --> 00:29:40,480 Speaker 1: with this call. But City coming out and actually raising 521 00:29:40,560 --> 00:29:43,800 Speaker 1: their recommendation on not just Netflix but Spotify too to 522 00:29:44,000 --> 00:29:46,280 Speaker 1: a buy from a neutral. This comes after, of course, 523 00:29:46,360 --> 00:29:50,160 Speaker 1: pressure on subscription based docks broadly. Uh. The analyst says 524 00:29:50,240 --> 00:29:53,320 Speaker 1: that they both only may see modest subscriber growth, but 525 00:29:53,440 --> 00:29:56,720 Speaker 1: Netflix has pricing power and Spotify can improve its ad 526 00:29:56,800 --> 00:30:00,320 Speaker 1: supported monetizations, all about the bucks they can make off 527 00:30:00,480 --> 00:30:02,239 Speaker 1: of it. N f l X as your Taker from 528 00:30:02,240 --> 00:30:05,080 Speaker 1: Netflix up two and a half percent off the recommendation, 529 00:30:05,120 --> 00:30:08,880 Speaker 1: and Spotify spot either taker there up one point two percent, 530 00:30:09,000 --> 00:30:11,080 Speaker 1: and Nathan, speaking of those analysts upgrades, we can talk 531 00:30:11,080 --> 00:30:13,480 Speaker 1: about Tesla because you know we've gone a hole twenty 532 00:30:13,480 --> 00:30:16,880 Speaker 1: four hours about doing that. T s L a scandal. 533 00:30:17,000 --> 00:30:19,520 Speaker 1: T s L as your Taker up just shy of 534 00:30:19,600 --> 00:30:23,040 Speaker 1: two percent. Credit Sweeze upgrades the eb maker to an 535 00:30:23,080 --> 00:30:27,760 Speaker 1: outperform following a sharp pullback, and quote highly favorable fundamentals, 536 00:30:27,800 --> 00:30:31,360 Speaker 1: really calling for the pilot mentality here. Nathan Alright Bloomberg 537 00:30:31,440 --> 00:30:34,400 Speaker 1: Radio and TV Markets corresponded, crety goopta getting us ready 538 00:30:34,440 --> 00:30:37,440 Speaker 1: for the final trading day of January. As we take 539 00:30:37,480 --> 00:30:39,480 Speaker 1: a look at the markets as a whole this morning, 540 00:30:40,160 --> 00:30:43,480 Speaker 1: it is mixed action with SMP futures now down almost 541 00:30:43,520 --> 00:30:46,479 Speaker 1: ten points, STAFF futures down a hundred seventy NASTAC futures 542 00:30:46,480 --> 00:30:49,480 Speaker 1: are higher still, they're up fifty points. In the tenure 543 00:30:49,520 --> 00:30:52,880 Speaker 1: treasury right now down four thirty seconds. The yield one 544 00:30:52,960 --> 00:30:56,000 Speaker 1: point seven percent yield on the two year one point 545 00:30:56,080 --> 00:30:59,280 Speaker 1: to zero percent. Still watching crew. It is surging this 546 00:30:59,440 --> 00:31:01,880 Speaker 1: morning with nime x screwed up six tents at eight 547 00:31:02,000 --> 00:31:05,240 Speaker 1: seven thirty three a barrel brent up one up a 548 00:31:05,280 --> 00:31:09,000 Speaker 1: dollar eleven nine one fourteen for a barrel of the 549 00:31:09,080 --> 00:31:12,400 Speaker 1: international benchmark. We're getting up date from the nation's capital. 550 00:31:12,480 --> 00:31:16,080 Speaker 1: Next to Bloomberg. Government reporter Emily Wilkins. Russia and the 551 00:31:16,280 --> 00:31:18,720 Speaker 1: US getting ready to come to a head at the 552 00:31:18,880 --> 00:31:23,920 Speaker 1: u n This is Bloomberg Bloomberg eleven three oh weather, 553 00:31:24,000 --> 00:31:26,840 Speaker 1: sunshine near thirty for a high today, mid thirties tomorrow, 554 00:31:27,120 --> 00:31:30,240 Speaker 1: mostly cloudy, mid forties for Wednesday. Right now, clear sky 555 00:31:30,400 --> 00:31:39,360 Speaker 1: twenty degrees in Central Park markets. Headlines and breaking news 556 00:31:39,560 --> 00:31:42,240 Speaker 1: twenty four hours a day at Bloomberg dot com, bloo 557 00:31:42,240 --> 00:31:45,720 Speaker 1: Bloomberg Business out and at Bloomberg Quick Tape is a 558 00:31:45,760 --> 00:31:55,120 Speaker 1: Bloomberg business lash and I'm Karen Moscow. Futures are mixed 559 00:31:55,160 --> 00:31:57,080 Speaker 1: this morning. We go to the First Word breaking news 560 00:31:57,120 --> 00:32:00,280 Speaker 1: desk for today's morning call. Here's Bill Maloney building morning, 561 00:32:01,640 --> 00:32:04,240 Speaker 1: Good morning, Karen. That's right. US features are trading mixed 562 00:32:04,320 --> 00:32:06,160 Speaker 1: right now with doubt. Futures down a hundred and seventy 563 00:32:06,240 --> 00:32:08,960 Speaker 1: three points. Subs drop ten well, then, as SECT futures 564 00:32:08,960 --> 00:32:11,880 Speaker 1: are higher by fifty, the US ten yield at one 565 00:32:11,920 --> 00:32:14,840 Speaker 1: point seven eight percent, Gold is little change. Oil is 566 00:32:14,880 --> 00:32:17,400 Speaker 1: in the green, but bitcoin is trading lower by one 567 00:32:17,480 --> 00:32:20,840 Speaker 1: point six percent. Japan rose one point one percent overnight, 568 00:32:20,880 --> 00:32:23,240 Speaker 1: while your pre markets are also trading mixed this morning, 569 00:32:23,600 --> 00:32:25,480 Speaker 1: and back in the US on the economic front at 570 00:32:25,560 --> 00:32:28,280 Speaker 1: ninety five Chicago p m I and it's n thirty 571 00:32:28,360 --> 00:32:32,400 Speaker 1: the Dallas Fed. Regarding earings this morning, L three missed estimates, 572 00:32:32,440 --> 00:32:35,080 Speaker 1: and in deal news, Citrix is close to a sale 573 00:32:35,120 --> 00:32:37,560 Speaker 1: to Ellie and Vista for a hundred four dollars a share, 574 00:32:37,880 --> 00:32:40,200 Speaker 1: and Walgreens is said to have kicked off the sales 575 00:32:40,280 --> 00:32:43,360 Speaker 1: process for its foods unit. In other news, Kathy Wood 576 00:32:43,400 --> 00:32:46,080 Speaker 1: got nearly two point four four million shares of robin 577 00:32:46,160 --> 00:32:48,880 Speaker 1: Hood on Friday and Wrapping things Up Beyond Me was 578 00:32:48,960 --> 00:32:51,560 Speaker 1: raised to overweight at Barclay's, Kella cut to market perform 579 00:32:51,640 --> 00:32:56,040 Speaker 1: at BMO, and Tessa was raised outperform over at Credit Sweetes. 580 00:32:56,600 --> 00:32:59,040 Speaker 1: Live from the First and Breaking News desk on Bel Maloney, 581 00:32:59,080 --> 00:33:01,640 Speaker 1: Karen Bill, thank you, and here live breaking news of 582 00:33:01,680 --> 00:33:04,960 Speaker 1: your Bloomberg type squawk on your terminal suu A w 583 00:33:05,240 --> 00:33:07,600 Speaker 1: K and that's a Bloomberg business flash. Now here's Michael 584 00:33:07,640 --> 00:33:09,840 Speaker 1: Barr with Moore on what's going on around the world. 585 00:33:09,960 --> 00:33:12,959 Speaker 1: Michael Karen, thank you very much. Russia has more than 586 00:33:13,040 --> 00:33:16,840 Speaker 1: one hundred thousand troops near its border with Ukraine. Today, 587 00:33:17,000 --> 00:33:20,440 Speaker 1: the United Nations Security Council meets to discuss the situation 588 00:33:20,520 --> 00:33:24,000 Speaker 1: and what could happen next. North Korea confirms it test 589 00:33:24,160 --> 00:33:27,959 Speaker 1: fire a mid range ballistic missile yesterday. US officials are 590 00:33:28,040 --> 00:33:32,120 Speaker 1: condemning the biggest missile tests by North Korea since twenty seventeen. 591 00:33:32,560 --> 00:33:34,680 Speaker 1: It will be the Bengals versus the Rams in the 592 00:33:34,760 --> 00:33:38,880 Speaker 1: Super Bowl on February thirteenth. Cincinnati beat the Chiefs twenty seven, 593 00:33:38,960 --> 00:33:41,120 Speaker 1: twenty four and overtime to win the a f C. 594 00:33:41,720 --> 00:33:44,400 Speaker 1: The Rams beat the forty nine twenty seventeen for the 595 00:33:44,520 --> 00:33:48,200 Speaker 1: NFC title. In the NHL, the Rangers won the Islanders 596 00:33:48,240 --> 00:33:51,400 Speaker 1: and Bruins lost. In tennis, Rafael Nadal as one of 597 00:33:51,480 --> 00:33:55,520 Speaker 1: men's record twenty first Grand Slam single in the Australian 598 00:33:55,600 --> 00:33:58,800 Speaker 1: Open final. Global News twenty four hours a day on 599 00:33:58,960 --> 00:34:01,280 Speaker 1: air and on bloom Or quick Take, powered by more 600 00:34:02,600 --> 00:34:06,600 Speaker 1: journalists analysts more than twenty countries Michael bar this Bloomberg. 601 00:34:07,120 --> 00:34:11,840 Speaker 1: The following commentary is from Bloomberg Opinion. How US income 602 00:34:11,920 --> 00:34:16,400 Speaker 1: tax policy became mostly about the one percent. I'm justin Fox, 603 00:34:16,719 --> 00:34:20,120 Speaker 1: a columnist for Bloomberg Opinion. Federal income tax rates have 604 00:34:20,280 --> 00:34:23,760 Speaker 1: fallen since two thousand one. For all income groups reported 605 00:34:23,800 --> 00:34:26,160 Speaker 1: by the i r S, Those from the fiftieth to 606 00:34:26,280 --> 00:34:30,720 Speaker 1: sixty percentiles saw the biggest reduction two point four percentage points, 607 00:34:30,920 --> 00:34:33,520 Speaker 1: while those in the top one thousandth of one percent 608 00:34:33,640 --> 00:34:37,120 Speaker 1: got the smallest one point one Despite ending up pretty 609 00:34:37,200 --> 00:34:40,120 Speaker 1: much where they started, the very highest earners had an 610 00:34:40,160 --> 00:34:43,680 Speaker 1: eventful couple of tax decades. The Republican tax cuts of 611 00:34:43,719 --> 00:34:47,160 Speaker 1: the early two thousands gave them huge breaks, most of 612 00:34:47,200 --> 00:34:50,719 Speaker 1: which expired in two thousand thirteen. The two thousand seventeen 613 00:34:50,800 --> 00:34:53,839 Speaker 1: tax bill was kindest to those just below the top 614 00:34:53,960 --> 00:34:57,319 Speaker 1: one percent, who, because of the alternative minimum tax, had 615 00:34:57,360 --> 00:35:01,160 Speaker 1: actually seen their taxes rise until then. Now the Democrats 616 00:35:01,239 --> 00:35:04,240 Speaker 1: want to raise new revenue, but not increase the taxes 617 00:35:04,280 --> 00:35:08,800 Speaker 1: of anyone outside the one I'm justin Fox. For more opinion, 618 00:35:09,120 --> 00:35:12,120 Speaker 1: please go to Bloomberg dot com, Slash Opinion or O 619 00:35:12,239 --> 00:35:15,000 Speaker 1: P I N go on the Bloomberg Terminal. These has 620 00:35:15,080 --> 00:35:18,960 Speaker 1: been Bloomberg Opinion and Bloomberg Opinion commentaries can be heard 621 00:35:19,000 --> 00:35:21,920 Speaker 1: every weekday at this time, and Terminal customers can read 622 00:35:22,000 --> 00:35:25,000 Speaker 1: more at O p I n GO six fifty on 623 00:35:25,120 --> 00:35:27,680 Speaker 1: Wall Street. Return to news and science and technology now 624 00:35:27,800 --> 00:35:30,439 Speaker 1: with a Bloomberg n j I T STEM report brought 625 00:35:30,480 --> 00:35:34,440 Speaker 1: to you by New Jersey Institute of Technology, transforming computing 626 00:35:34,480 --> 00:35:37,439 Speaker 1: professionals into data scientists to meet demand in this fast 627 00:35:37,520 --> 00:35:40,200 Speaker 1: growing field. Learn more at n j I T DOT 628 00:35:40,280 --> 00:35:43,480 Speaker 1: E d U slash Data Science Now. Here'slet's making news 629 00:35:43,560 --> 00:35:47,160 Speaker 1: and science, technology, engineering and math. New York City will 630 00:35:47,200 --> 00:35:50,359 Speaker 1: provide free anti viral pills home delivered to people who 631 00:35:50,440 --> 00:35:53,840 Speaker 1: test positive and are at higher risk for COVID nineteen. 632 00:35:54,200 --> 00:35:57,840 Speaker 1: City Hall says both oral anti viral medications approved by 633 00:35:57,880 --> 00:36:01,399 Speaker 1: the FDA from Visor and Mark will be available, though 634 00:36:01,600 --> 00:36:05,279 Speaker 1: in limited quantities. Hong Kong has never been closer about 635 00:36:05,320 --> 00:36:08,479 Speaker 1: losing its COVID zero battle, as residents prepare for another 636 00:36:08,600 --> 00:36:11,759 Speaker 1: Chinese New Year under COVID restrictions, only Kron seems to 637 00:36:11,800 --> 00:36:14,040 Speaker 1: have gotten the better of the city's defenses with the 638 00:36:14,080 --> 00:36:17,319 Speaker 1: record number of new and untraceable infections, Though the city 639 00:36:17,440 --> 00:36:20,480 Speaker 1: has beaten back four previous waves of infection, Returning to 640 00:36:20,560 --> 00:36:23,759 Speaker 1: no COVID cases will be much harder this time, given 641 00:36:23,800 --> 00:36:28,080 Speaker 1: its facing Omikron, the most infectious and immune evasive of variants, 642 00:36:28,640 --> 00:36:31,480 Speaker 1: and Federal safety regulators say they have cleared the way 643 00:36:31,560 --> 00:36:33,840 Speaker 1: for Verizon and A T and T to power up 644 00:36:33,920 --> 00:36:37,040 Speaker 1: more towers for new five G service without causing radio 645 00:36:37,120 --> 00:36:40,120 Speaker 1: interference with airplanes. The f a S move will let 646 00:36:40,160 --> 00:36:43,280 Speaker 1: the companies activate five G cell towers closer to airports 647 00:36:43,560 --> 00:36:47,200 Speaker 1: without hindering the ability of planes to land during poor weather. 648 00:36:47,560 --> 00:36:50,360 Speaker 1: And that's the Bloomberg n j I T STEM Report. Nathan, 649 00:36:50,520 --> 00:36:53,239 Speaker 1: Thanks Karen rely from the Bloomberg Interactive Brokers studios. Where 650 00:36:53,239 --> 00:36:55,200 Speaker 1: at six fifty two on Wall Street Time Now to 651 00:36:55,280 --> 00:36:57,160 Speaker 1: check what's going on in d C. Some of the 652 00:36:57,200 --> 00:36:59,759 Speaker 1: top stories in our nation's capital include the Senate getting 653 00:36:59,760 --> 00:37:02,120 Speaker 1: close US to a sanctions deal against Russia, as the 654 00:37:02,160 --> 00:37:06,320 Speaker 1: Pentagon tracks even more troop movement near Ukraine. Pentagon spokesman 655 00:37:06,400 --> 00:37:09,200 Speaker 1: John Kirby was on Fox News Sunday. He has a 656 00:37:09,280 --> 00:37:11,120 Speaker 1: lot of options, he putin has a lot of options 657 00:37:11,120 --> 00:37:14,080 Speaker 1: available to him if he wants to further invade Ukraine, 658 00:37:14,480 --> 00:37:17,080 Speaker 1: and he can execute some of those options eminently, but 659 00:37:17,200 --> 00:37:20,400 Speaker 1: when it comes to America's sanctions options, Under Secretary of 660 00:37:20,480 --> 00:37:23,040 Speaker 1: State Victoria Newland says, the White House doesn't want to 661 00:37:23,080 --> 00:37:25,680 Speaker 1: put all its cards on the table. The turns is 662 00:37:25,800 --> 00:37:29,000 Speaker 1: best when there's a little bit of strategic ambiguity around 663 00:37:29,080 --> 00:37:31,640 Speaker 1: exactly what we are going to do. Under Secretary Newland 664 00:37:31,680 --> 00:37:35,280 Speaker 1: was on CBS's Face the Nation. Also making news, Republican 665 00:37:35,360 --> 00:37:39,600 Speaker 1: Senator Susan Collins accusing President Biden of mishandling Justice Stephen 666 00:37:39,640 --> 00:37:43,080 Speaker 1: Bryer's retirement by promising a black woman will succeed him 667 00:37:43,120 --> 00:37:46,000 Speaker 1: on the Supreme Court. The way that the President has 668 00:37:46,200 --> 00:37:50,840 Speaker 1: handled this nomination has been clumsy at best. It adds 669 00:37:51,000 --> 00:37:54,759 Speaker 1: to the further perception that the Court is a political 670 00:37:54,880 --> 00:37:58,640 Speaker 1: institution like Congress, when it is not supposed to be. 671 00:37:58,880 --> 00:38:02,440 Speaker 1: Senator Collins was on ABC's This Week, and fellow Republican 672 00:38:02,520 --> 00:38:05,759 Speaker 1: Lindsey Graham is calling out former President Donald Trump for 673 00:38:05,840 --> 00:38:09,040 Speaker 1: saying he would pardon January six rioters. I don't want 674 00:38:09,080 --> 00:38:12,080 Speaker 1: to send any signal, uh that it was okay to 675 00:38:12,160 --> 00:38:14,840 Speaker 1: the Fowler Capital. There are other groups with the causes 676 00:38:15,239 --> 00:38:17,160 Speaker 1: that may want to go down to the violent path 677 00:38:17,280 --> 00:38:20,560 Speaker 1: that these people get pardoned. Senator Graham was on Face 678 00:38:20,640 --> 00:38:22,600 Speaker 1: the Nation, which can be heard every Sunday here on 679 00:38:22,640 --> 00:38:25,600 Speaker 1: Bloomberg Radio along with This Week and Fox News Sunday. 680 00:38:25,920 --> 00:38:28,240 Speaker 1: Let's get more now on this Monday morning from Bloomberg. 681 00:38:28,239 --> 00:38:31,040 Speaker 1: Government reporter Emily Wilkins joining us from the nation's capital, 682 00:38:31,120 --> 00:38:33,200 Speaker 1: starting off with the latest on what's happening between the 683 00:38:33,320 --> 00:38:35,600 Speaker 1: US and Russia. Emily, there's gonna be a U n. 684 00:38:35,680 --> 00:38:41,120 Speaker 1: Security Council meeting on the movements near Ukraine today. Yes, 685 00:38:41,280 --> 00:38:43,439 Speaker 1: there is going to be meeting, and we are seeing 686 00:38:43,520 --> 00:38:47,680 Speaker 1: movement from the US are glean to a Russia stinctions. 687 00:38:47,719 --> 00:38:51,440 Speaker 1: So that conclude penalties on live your Putin, even if 688 00:38:51,520 --> 00:38:55,000 Speaker 1: he doesn't send troops into Ukraine. There would be one 689 00:38:55,120 --> 00:38:58,320 Speaker 1: set if this legislation passes, one set of fictions that 690 00:38:58,360 --> 00:39:01,120 Speaker 1: would go a place prior to any sort of invasion 691 00:39:01,239 --> 00:39:03,759 Speaker 1: for what Putin has already done, and then there will 692 00:39:03,800 --> 00:39:07,120 Speaker 1: be a second set of sanctions should Putin actually indeed 693 00:39:07,560 --> 00:39:10,440 Speaker 1: Ukraine in. Details have been light on exactly what these 694 00:39:10,480 --> 00:39:13,400 Speaker 1: sanctions would be. We knew that lawmakers have been considering 695 00:39:13,440 --> 00:39:17,560 Speaker 1: a number of different financial and personal fictions, but top 696 00:39:17,600 --> 00:39:20,320 Speaker 1: officials in Congress and at the White House say that 697 00:39:20,440 --> 00:39:23,120 Speaker 1: they aren't trying to detail exactly what is in the 698 00:39:23,200 --> 00:39:26,200 Speaker 1: bill because having this element of surprise is part of 699 00:39:26,280 --> 00:39:30,120 Speaker 1: their strategy. UM. Meanwhile, we are going to be looking 700 00:39:30,200 --> 00:39:33,600 Speaker 1: towards the UN Security Council meeting on Monday, UM as 701 00:39:33,680 --> 00:39:36,960 Speaker 1: well as what other European nations might agree to in 702 00:39:37,120 --> 00:39:39,400 Speaker 1: terms of stactions, in addition to what the U. S. 703 00:39:39,480 --> 00:39:42,040 Speaker 1: Congress is looking at now will certainly be watching that 704 00:39:42,160 --> 00:39:46,480 Speaker 1: as well. We're watching developments around the Supreme Court with 705 00:39:46,760 --> 00:39:50,200 Speaker 1: President Biden getting ready to name his choice to succeed 706 00:39:50,719 --> 00:39:53,680 Speaker 1: retiring Justice Stephen Bryer. We already know it's going to 707 00:39:53,760 --> 00:39:57,719 Speaker 1: be a black woman, and that's leading to some consternation 708 00:39:57,840 --> 00:40:02,640 Speaker 1: among some Republicans. Well, I think for the black woman, 709 00:40:02,760 --> 00:40:05,239 Speaker 1: I mean Republicans are no one's come out and said 710 00:40:05,280 --> 00:40:07,560 Speaker 1: that they are opposing a black woman. But what you 711 00:40:07,680 --> 00:40:10,160 Speaker 1: heard was Susan Collins come out and say that she 712 00:40:10,280 --> 00:40:13,120 Speaker 1: felt like Biden was making this too political to have 713 00:40:13,160 --> 00:40:17,000 Speaker 1: announced during his campaign that he was going to appoint 714 00:40:17,080 --> 00:40:20,320 Speaker 1: a black female to the Court. She's called that clumsy 715 00:40:21,120 --> 00:40:24,120 Speaker 1: on TV this this past week. Uh, she said she 716 00:40:24,160 --> 00:40:27,799 Speaker 1: would be potentially be open to whoever Biden would nominate. Uh. 717 00:40:27,960 --> 00:40:30,279 Speaker 1: The reason that Susan Collins is key here. I mean, 718 00:40:30,440 --> 00:40:33,880 Speaker 1: Democrats really only need every Democrat to vote for the nominee, 719 00:40:33,960 --> 00:40:38,160 Speaker 1: so they don't necessarily need of Susan collins is support. 720 00:40:38,520 --> 00:40:40,640 Speaker 1: But what the Biden White House is helping for here 721 00:40:40,760 --> 00:40:43,960 Speaker 1: is that their pick can be bipartisan and one of 722 00:40:44,000 --> 00:40:47,319 Speaker 1: the individuals that they are considering for the role uh, 723 00:40:47,560 --> 00:40:51,719 Speaker 1: Judge Katagi Brown Jackson. Susan Collins actually did vote for 724 00:40:51,800 --> 00:40:54,400 Speaker 1: her to be on the DC Court of Appeals in 725 00:40:54,560 --> 00:40:57,680 Speaker 1: June of last year, and so Collins is definitely one 726 00:40:57,760 --> 00:41:00,160 Speaker 1: of several senators to the White House is going to 727 00:41:00,239 --> 00:41:02,960 Speaker 1: be looking to. It helps that they will support whoever 728 00:41:03,080 --> 00:41:05,239 Speaker 1: they pick. Only about a minute left here, I'm only 729 00:41:05,320 --> 00:41:07,800 Speaker 1: but with Congress coming back from recess, where are we 730 00:41:08,080 --> 00:41:12,719 Speaker 1: on build back better negotiations so they'll does better is 731 00:41:12,800 --> 00:41:15,440 Speaker 1: something that's still being worked on. There are still discussions 732 00:41:15,440 --> 00:41:18,040 Speaker 1: going on about it, but it's really in the background 733 00:41:18,200 --> 00:41:20,719 Speaker 1: right now. Um. We obviously had the big push on 734 00:41:20,840 --> 00:41:24,800 Speaker 1: voting rights before lawmakers left for the past week, and 735 00:41:24,960 --> 00:41:27,399 Speaker 1: we're also seeing a lot of movement on the US 736 00:41:27,520 --> 00:41:30,719 Speaker 1: China Competition Bill, which is something lawmakers really want to 737 00:41:30,760 --> 00:41:33,000 Speaker 1: get a move on. They'd like to have something big 738 00:41:33,120 --> 00:41:36,359 Speaker 1: done for President Biden. That's out in his March first 739 00:41:36,440 --> 00:41:39,360 Speaker 1: State of the Union states. That's not a formal deadline, 740 00:41:39,440 --> 00:41:42,000 Speaker 1: just just a nice one that they would like to have. 741 00:41:42,800 --> 00:41:45,640 Speaker 1: UM And at this point, you know, there is some 742 00:41:45,800 --> 00:41:49,000 Speaker 1: movement on build back better, but there's nothing very clear 743 00:41:49,200 --> 00:41:54,000 Speaker 1: as far as actual formal negotiations. Uh. Joe Manchin has 744 00:41:54,040 --> 00:41:55,920 Speaker 1: said that they're going to have to start from scratch 745 00:41:55,960 --> 00:41:59,120 Speaker 1: trunk this one, and there's a lot of questions about 746 00:41:59,200 --> 00:42:02,319 Speaker 1: exactly what legislation is going to be looking at like alright, 747 00:42:02,360 --> 00:42:05,359 Speaker 1: Bloomberg Government reporter Emily Wilkins keeping on top of all 748 00:42:05,440 --> 00:42:09,160 Speaker 1: that's happening in the nation's capital. Thanks as always, and 749 00:42:09,239 --> 00:42:11,480 Speaker 1: you can read more about these stories on Bloomberg dot 750 00:42:11,560 --> 00:42:14,200 Speaker 1: com or on the Bloomberg terminal. Follow all the latest 751 00:42:14,239 --> 00:42:18,359 Speaker 1: on Bloomberg Radio in Washington Bloomberg and one oh five 752 00:42:18,400 --> 00:42:21,200 Speaker 1: point seven FM HD two. Again you set for the 753 00:42:21,280 --> 00:42:24,520 Speaker 1: final training day of the month of January. Futures are mixed, 754 00:42:24,680 --> 00:42:27,759 Speaker 1: with SMP futures now down six points, STOW futures down 755 00:42:27,800 --> 00:42:32,520 Speaker 1: a hundred forty six, NASTAC futures higher by sixty one points. 756 00:42:32,600 --> 00:42:35,239 Speaker 1: The tenure Treasury is down four thirty seconds. The yield 757 00:42:35,280 --> 00:42:40,040 Speaker 1: one bitcoin lower on the session thirty seven thousand, three 758 00:42:40,160 --> 00:42:44,920 Speaker 1: hundred dollars. Bloomberg surveillance is straight ahead for Karen Moscow. 759 00:42:45,000 --> 00:42:47,960 Speaker 1: I'm Nathan Hager. This is Bloomberg.