Speaker 1: By from the Bloomberg and directed Berger Studios. This is
Speaker 1: Bloomberg Daybreak for Monday, January one two. Coming up this hour,
Speaker 1: Traders Way the chance of a half percentage point rate hike.
Speaker 1: In March. The labor market comes into focus with this
Speaker 1: week's key Jopsher Court oil is on track for its
Speaker 1: best January in three decades, and Joe Rogan apologizes after
Speaker 1: billions of dollars getting wiped from Spotify's market value. New
Speaker 1: York City will home deliver free Coboneta viral pills plus.
Speaker 1: North Korea confirms the chest fire to mid range ballistic missile.
Speaker 1: Over the weekend on Mike La blar More a half
Speaker 1: Poptown Stattower, and sports on the Med, the Bengals and
Speaker 1: Rams playing Super Bowl fifty six in l a I
Speaker 1: win for the Rangers, the Islanders locked. That's All straight
Speaker 1: Ahead on Bloomberg day Break on Bloomberg eleven Trio, New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nine Team,
Speaker 1: and around the world Old on Bloomberg Radio dot Com
Speaker 1: and via the Bloomberg Business Set. Good morning, I'm hear
Speaker 1: at Moscow. I'm Nathan Hager. Bloomberg Day Break brought to
Speaker 1: you by Interactive Brokers i v k R charges margin
Speaker 1: loan rates from zero point seven five to one point
Speaker 1: five nine percent, rates subject to change. Learn more at
Speaker 1: ib kr dot com. Slash compare. SNP futures are little
Speaker 1: change this morning at six oh one on Wall Street.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg. Right now, SNP futures again are little change.
Speaker 1: Own Future is down, nowsday Future is up seventy seven.
Speaker 1: Ten year Treasury down four thirty seconds, YELD one point
Speaker 1: seven eight percent, and the yield on the two year
Speaker 1: one point to zero percent. Nathan, Well, Karen, We begin
Speaker 1: this morning with the Fed and speculation about whether a
Speaker 1: rate hike in March could be bigger than initially expected.
Speaker 1: Let's get the latest live from Bloomberg's You Need a
Speaker 1: Young Good morning, Granita, Good morning, Nathan. The Fed could
Speaker 1: raise the benchmark rate by fifty basis points if there's
Speaker 1: a need to be more aggressive when in flent. That's
Speaker 1: what Atlanta Fed President Rephael Bostick told The Financial Times,
Speaker 1: adding that all options are on the table for every
Speaker 1: FED meeting if needed, but he stuck to his prediction
Speaker 1: that three quarter point increases starting in March is the
Speaker 1: most likely scenario this year. Meantime, Goldman Sachs Presents predicts
Speaker 1: the FED will raise interest rates by twenty five basis
Speaker 1: points five times this year. Live in New York, I'm
Speaker 1: gonnit to Young Bloomberg Daybreak, Nita, thank you. As we
Speaker 1: spend the next six weeks reading tea leaves from the Fed.
Speaker 1: We'll get a concrete look at the labor market this Friday,
Speaker 1: the Fed and Investor. So we're paying close attention to
Speaker 1: the January jobs report, and we get a preview from
Speaker 1: Bloomberg's Viney down judas the data could provide insight on
Speaker 1: the highly contagious Armcron variance impact on the economy. Economists
Speaker 1: are forecasting a tepid December increase one hundred seventy five
Speaker 1: thousand or so after November's weeker then forecast showing jobless
Speaker 1: claims jumped last month. Is COVID nineteen four businesses to
Speaker 1: closed temporarily or throwing the town electric. Two years of
Speaker 1: pandemic turbulence Benny Deryl, Judea Ice Bloomberg, Baby all right, Vinnie,
Speaker 1: thank you. In Asia, overnight, we got a tap in
Speaker 1: reading on the world's second largest economy, China's manufacturing sector
Speaker 1: expanded at a slower pace in January. Bloomberg Gay Break
Speaker 1: Asia anchor Brian Curtis has the details. The official p
Speaker 1: m I declined to fifty point one, that was just
Speaker 1: above the estimate of fifty. The non manufacturing gauge fell
Speaker 1: to fifty one point one, also just above the forecast.
Speaker 1: A number of issues here, a seasonal slowdown, COVID nineteen outbreaks,
Speaker 1: and a weakening housing market. Also, the government ordered steel
Speaker 1: plants to cut output, that's to reduce air pollution ahead
Speaker 1: of the winter Olympics. In the meantime, that shishin pm
Speaker 1: I dropped to forty nine point one, and that was
Speaker 1: the worst in almost two years. Brian Curtis, Bloomberg day Break, Brian,
Speaker 1: thank you. In Europe, central banks and economic data are
Speaker 1: also and focus. This week. We had a key right
Speaker 1: decision by the Bank of England on Thursday. Let's go
Speaker 1: to London and get the latest or the Bloomberg's You
Speaker 1: in parts You and Good morning, Karen and Nathan. The
Speaker 1: UK could be heading for its first back to bat
Speaker 1: rate hike in seventeen years. Economists in Bloomberg's survey reckon
Speaker 1: the Bank of eng Them will raise its key indust
Speaker 1: rate to no point five percent this week. Forecasters also
Speaker 1: expect the Central Bank to confirm it's stopped reinvesting in
Speaker 1: bonds that are matured. This comes to the bank having
Speaker 1: and battles surging. Inflation now at five point four percent,
Speaker 1: the highest in thirty years. In London, I'm you in
Speaker 1: parts Sploomberg day Break. Thanks you. In politics, also center
Speaker 1: stage in Europe, after six days of voting in Italy's parliament,
Speaker 1: Sergio Matarella has been re elected president. We get the
Speaker 1: details from Bloomberg's fancy Lakwise. In Rome, after almost a
Speaker 1: week of films, votes to elect an alternative candidate was reelected.
Speaker 1: As it to these, President Mario drawn the prime minister.
Speaker 1: It was initially seen as the top contender for the job,
Speaker 1: and he made it clear he would be keen to
Speaker 1: become head of state, but lawmakers and feared to return
Speaker 1: to political dremoil without drawing as Prime Minister. In the end,
Speaker 1: it was drawn himself. Last much well to remain in office.
Speaker 1: Bringing the week long stale meet in Rome. Francin Laqua
Speaker 1: Bloomberg day Break, Thanks Francine. Geo Political tension in Eastern
Speaker 1: Europe is also on the agenda this week. The United
Speaker 1: Nations Security Council meets today regarding concerns about Russia invading Ukraine.
Speaker 1: Bloomberg said, Baxter has the story. The Pentagon says Russia
Speaker 1: continues to build up troops on a day to day basis.
Speaker 1: US Ambassador of the UN Linda Thomas Greenfield says today
Speaker 1: is actually a chance for Russia. Are the reason we're
Speaker 1: calling for this meeting on Monday is one more opportunity
Speaker 1: to find the diplomatic way out for for the Russians.
Speaker 1: But she says, the others are to talk further actions
Speaker 1: from sanctions to troop build up and to see where
Speaker 1: other nations stand. In San Francisco, I'm at Baxter Bloomberg
Speaker 1: day Break, Thanks had that tension over Ukraine, along with
Speaker 1: sustained global demand, is giving a lift to oil. Crude
Speaker 1: is on course for its best January in three decades.
Speaker 1: Checking prices now, Nimex crudes up nine tenths per cent
Speaker 1: at eighty seven dollar sixty cents. Barrel Brent is up
Speaker 1: one and a half percent at ninety cents. On the
Speaker 1: corporate front, this morning, Nathan, Spotify is in the spotlights
Speaker 1: as you're spunding to controversy over COVID misinformation from Joe
Speaker 1: Rogan's podcast, we get a story from Bloomberg's Lisa Mateo.
Speaker 1: In an Instagram video, Rogan apologized and pledged more balanced
Speaker 1: and better research for his podcasts. The comments come after
Speaker 1: Spotify outline steps it will take to halt the spread
Speaker 1: of misleading information about COVID. Rogan has hosted several outspoken
Speaker 1: skeptics of the vaccine. Last week, singers Neil Young and
Speaker 1: Joni Mitchell pulled their music from Spotify to protest Rogan.
Speaker 1: Almost four billion dollars was white from Spotify's market value
Speaker 1: last week. Lisa Mateo, Bloomberg, Daybreak and Lisa's Spotify wasn't
Speaker 1: the only stock to take a pounding last week. So
Speaker 1: did robin Hood. It's dropped to a record low, and
Speaker 1: on Friday, Kathy Woods Arc Investment Management bought nearly two
Speaker 1: and a half million shares. Robin Hood still trades sixtent
Speaker 1: below its I p O price. And Nathan, there's also
Speaker 1: possible deal this morning. Bloomberg News has learned that Elliott
Speaker 1: Investment Management in Vista Equity are nearing an agreement to
Speaker 1: buy software maker Citrix Systems. The deal and value the
Speaker 1: company's equity at about thirteen billion dollars. And straight ahead
Speaker 1: your latest local headlines plus a check of sports, and
Speaker 1: this is Bloomberg. It's tearing at six o seven on
Speaker 1: Wall Street. Another chilly morning in New York City, twenty
Speaker 1: degrees right now, still dealing with a westbound accident on
Speaker 1: the belt Parkway at jaff Care for its tails coming
Speaker 1: up in traffic first, Michael Barr with what else is
Speaker 1: going on in the city and around the world. Michael,
Speaker 1: thank you very much, Nathan. New York City will provide
Speaker 1: free anti viral pills home delivered two people who test
Speaker 1: positive and are at higher risk from COVID. Nineteen. Mayor
Speaker 1: Eric Adams at a news conference yesterday in the Bronx says,
Speaker 1: we want to make sure that no one with COVID
Speaker 1: has to move throughout the city. New York is one
Speaker 1: of the only places in the nation where we are
Speaker 1: doing this free delivery. Adams also shared the latest data
Speaker 1: on COVID rates in the city. Hospitalizations are down, COVID
Speaker 1: deaths are down, and that is because of the hard
Speaker 1: work of everyday New york Is that are doing the
Speaker 1: right thing around vaccine nations and boost the shops. Mayor
Speaker 1: Adams says the pills would be delivered in partnership with
Speaker 1: Alto Pharmacy. North Korea has confirmed it test launched and
Speaker 1: intermediate Arrange ballistic missile capable of reaching the U. S
Speaker 1: territory of Guam, in his most significant launch in almost
Speaker 1: five years. North Korea said the test verify the accuracy
Speaker 1: of the Wassan twelve missile. White House officials said North
Speaker 1: Korea's escalating provocations have become increasingly concerning. Chessly Christ, the
Speaker 1: nineteen winner of the Miss USA pageant and a correspondent
Speaker 1: for the entertainment news program Extra, has died. New York
Speaker 1: City Police said Chris, who was thirty, jumped from a
Speaker 1: Manhattan apart and building. Senate majority leader Chuck Schumer of
Speaker 1: New York says he is pledging to push for one
Speaker 1: point five billion dollars of the federal budget to go
Speaker 1: to the a t F to combat the interstate gun trade.
Speaker 1: We're Gonna asked him to direct that money to particularly
Speaker 1: go after gun trafficking, the Iron Pipeline, and a special
Speaker 1: task force that they have set up to deal with
Speaker 1: states that export guns. Senator Schumer says the gun trade
Speaker 1: is responsible for of the gun violence in New York.
Speaker 1: New York Republicans Nicole Meliatakas and Claudia Tenney would have
Speaker 1: to find a way to appeal to opposition party voters
Speaker 1: under a revamped congressional district plan. The proposed map, released
Speaker 1: Sunday is designed to maximize the prospects for Democrats ahead
Speaker 1: of the November election. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than seven hundred journalists analysts more than a hundred twenty countries.
Speaker 1: Michael Barer, this is Bloomberg. Nathan. All right, Michael, thank
Speaker 1: you almost six cent on Wall Street. Time for the
Speaker 1: Bloomberg Sports Update with John Stanshower. Nail the Bengals and
Speaker 1: Rams Super Bowl fifty six in l A. And if
Speaker 1: the game is anything like what we've seen in the
Speaker 1: last two weekends, we'll have a close super Bowl. The
Speaker 1: last six playoff games, five decided by three points and
Speaker 1: the other by six, and that one overtime to double
Speaker 1: digit comebacks another overtime. In the conference championship, Cincinnati came
Speaker 1: from eighteen down to win in Kansas City twenty four
Speaker 1: n ot. The Bengals, led by their young quarterback Joe
Speaker 1: Burrow and their rookie kicker Evan McPherson, four field goals
Speaker 1: in all three of their playoff wins, no misses, twelve
Speaker 1: for twelve, the one in ot set up by an
Speaker 1: interception thrown by Patrick Mahomes. He came back to Earth
Speaker 1: after last week, so Robis had a strong start yesterday,
Speaker 1: but Mahomes and the Chief denied a third straight AFC championship.
Speaker 1: The Rams, led by Matthew Stafford rallied from ten down
Speaker 1: in the fourth quarter touchdowns, second of the game for
Speaker 1: Cooper Cup and then two field goals. They took the
Speaker 1: lead on the forty niners with under two that's left,
Speaker 1: and then sealed the victory factor Garoppolo pocket crumbling, he
Speaker 1: spins out, he's hit, he's wrapped up. He flipped it forward.
Speaker 1: It's deep. Hits intercepted, hit dintercept in hit detercepted. Very
Speaker 1: Donald's got quite run the rock below and Traven Howard
Speaker 1: plitches the NFC Championship Game LA they call the Rams
Speaker 1: finally beat the Niners, who they had lost two sixth
Speaker 1: or eight times, twenty to seventeen. Josh McDaniels leaving New
Speaker 1: England to be the head coach with the Raiders. The
Speaker 1: Giants will introduce their new coach, Brian Dabo this morning.
Speaker 1: Rangers at the Garden avoided their first big game losing speak.
Speaker 1: They scored final minute beat the Seattle crack in three
Speaker 1: to two. The Islanders lost in Minnesota four to three.
Speaker 1: John Stashward Bloomberg Sports Nathan, Sorry, John, Thanks Right now,
Speaker 1: SMP futures are down three points, Stown futures down a
Speaker 1: hundred twelve. Dansdack futures still on the rise. They're up
Speaker 1: sixty seven points. The ten year treasury is down five
Speaker 1: thirty seconds. The yield one point seven eight percent. The
Speaker 1: yield on the two year right now one point two
Speaker 1: zero percent. You're listening to Bloomberg day Break Bloomberg eleven
Speaker 1: three oh Weather sunny with a high near thirty today,
Speaker 1: mostly sunny, mid thirties tomorrow, mostly cloudy by Wednesday, with
Speaker 1: highs near forty five degrees currently twenty under a pier
Speaker 1: sky in Central Park. Markets. Headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, The Bloomberg
Speaker 1: Business Outland at Bloomberg Quick Tape, He's a Bloomberg business
Speaker 1: lash and I'm Cameron Moscow. European stocks on the rise
Speaker 1: this morning. US stock index futures are mixes. Investors bet
Speaker 1: corporate earnings will continue to grow amid aggressive tightening by
Speaker 1: the Fed. We checked the markets every fifteen minutes throughout
Speaker 1: the trading day on Bloomberg s and P Future is
Speaker 1: lower down six points now, Futures down a hundred thirties
Speaker 1: seven nas deck Future is up sixty five the decks
Speaker 1: in Germany's up six tenths of upper cent. Ten year
Speaker 1: Treasury down five thirty seconds here at one point seven
Speaker 1: eight percent. They yield on the two year one point
Speaker 1: to zero percent now. I mix Screwed oil is up
Speaker 1: nine tenths per cent, or seventy six cents at eighty
Speaker 1: seven dollars fifty eight cents a barrel comes Gold up
Speaker 1: three tenths per cent or five dollars seventy cents at
Speaker 1: seventy announce. The Euro one point one six two against
Speaker 1: the dollar. British found one point three four three two
Speaker 1: and the ends at one fifteen point five zero Bitcoin
Speaker 1: this morning moving lower at thirty seven thousand, two hundred
Speaker 1: forty dollars. That's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world. Michael,
Speaker 1: thank you very much, Karen. The U n Security Council
Speaker 1: is scheduled to meet today for the first time on
Speaker 1: Russia's troop build up and threatening actions against Ukraine. Meeting
Speaker 1: is at the request of the United States. A new
Speaker 1: ABC News IPSIS poll shows that three quarters of Americans
Speaker 1: want President by to consider all possible nominees for the
Speaker 1: next Supreme Court nominee, regardless of race or gender. Biden
Speaker 1: pledged to nominate a black woman to replace outgoing Justice
Speaker 1: Stephen Bryer. It will be the Bengals versus the Rams
Speaker 1: in the Super Bowl Cincinnati. The Chiefs four in ot
Speaker 1: to win the a f C. The Rams beat forte
Speaker 1: seventeen for the NFC title. In the NHL, the Rangers
Speaker 1: won the Islanders and Bruins lost. In tennis, Raphael Nadal
Speaker 1: has won a men's record twenty first Grand Slam Singles
Speaker 1: title in the Australian Open Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quick Take, powered
Speaker 1: by more than twenty seven hundred journalist and analysts more
Speaker 1: than a hundred twenty countries. Michael Barr, This is Bloomberg,
Speaker 1: Nathan all right, Michael. Thanks at six nineteen on Wall
Speaker 1: Street Live from the Bloomberg Interactive Broker Studios. This is
Speaker 1: Bloomberg day Break, watching a red headline cross the Bloomberg terminal.
Speaker 1: UK Prime Minister Boris Johnson has received a civil servants
Speaker 1: report into the so called party gates scandal, allegations that
Speaker 1: a number of parties were held inside Boris Johnson's offices
Speaker 1: during the early part of the pandemic the UK was
Speaker 1: under lockdown. Prime Minister Johnson's expected to make a statement
Speaker 1: to the House of Commons later today. Of course, we'll
Speaker 1: continue following all those developments here for you on Bloomberg Radio.
Speaker 1: We want to get the latest on the pandemic itself
Speaker 1: now where some of the biggest developments have been as
Speaker 1: much on coronavirus information as they have on the pandemic itself.
Speaker 1: Joining us now, Professor g gronvol with the Johns Hopkins
Speaker 1: Bloomberg School of Public Health. Very interesting to see these
Speaker 1: developments around UH, sort of the government response more broadly
Speaker 1: to the pandemic early on, and of course this controversy
Speaker 1: over the weekend around Joe Rogan's podcast. The podcaster has
Speaker 1: apologized now says he's gonna have more sources on with
Speaker 1: different types of information about the pandemic. He's gonna accused,
Speaker 1: of course, of UH passing along COVID misinformation. From a
Speaker 1: public health perspective, though, I'm curious about what the impact
Speaker 1: of UH podcasts like Rogan's have been when it comes
Speaker 1: to battling the pandemic itself. Professor, Yeah, it's very discouraging because, um,
Speaker 1: right now, for most people, for most healthy people, UH,
Speaker 1: COVID is a vaccine preventable disease, and UM more people
Speaker 1: have died. Hundreds of thousands of people have died in
Speaker 1: this in this country, UM, since vaccines have been available,
Speaker 1: so UM there, there's it's hard to reach people to
Speaker 1: to give them the right information about the vaccine and
Speaker 1: why it could save their lives. But it's even harder
Speaker 1: when you have people who are actively countering that information.
Speaker 1: We've heard from the CEO of Spotify. He says that
Speaker 1: they're going to direct people to different types of content,
Speaker 1: more factual content, uh, and put up sort of disclaimers
Speaker 1: around podcasts like Rogan's. It's sort of a similar tact
Speaker 1: that Facebook and other social media platforms have taken when
Speaker 1: it comes to misinformation. Do you think stances like that help?
Speaker 1: I mean, it definitely helps, UM, but you have to
Speaker 1: shut the poison offictive source. You know, it's contaminating the
Speaker 1: discourse and we need to, um have a lot more
Speaker 1: of the right information, the correct information, so that people
Speaker 1: can make an informed decision. It's um, I think, you know,
Speaker 1: every little bit helps, but I don't think that the
Speaker 1: steps that Facebook or Spotify are taking are are going
Speaker 1: to be sufficient. And there's a lot more money on
Speaker 1: that side the raising questions, raising doubts and and taking
Speaker 1: shots at the at the effectiveness of the vaccine than
Speaker 1: there is money on the promotion of the vaccine. And
Speaker 1: that's that's always been the case. So how do you
Speaker 1: uh sort of balance things out better when, as you mentioned,
Speaker 1: there is the sort of imbalance when it comes to
Speaker 1: the resources behind the information. Well, part of this is
Speaker 1: that people need to be realize that they have a
Speaker 1: role to play here. Um. You know, these people like
Speaker 1: Joe Rogan don't come about by accident. Um. The people
Speaker 1: need to take responsibility for what is on their stations
Speaker 1: and what kind of messages that they're being there. They're
Speaker 1: sending a lot of news. Organizations they require their employees
Speaker 1: to be vaccinated, but yet they go around. Uh, these
Speaker 1: vaccinated people turn around and then talk to their audiences
Speaker 1: as if um, as if the vaccines are not effective.
Speaker 1: It's really disingenuous and it kind of UM. I know
Speaker 1: why they do it because there's money in it, but
Speaker 1: it's still um, it's still wrong. We have about a
Speaker 1: minute left here. Where would you say we are in
Speaker 1: terms of getting the pandemic under control? The ongoing debate
Speaker 1: about whether we can sort of think about COVID as
Speaker 1: being more endemic than a pandemic. Are we getting close
Speaker 1: to that point? It's it's definitely two worlds here because
Speaker 1: for most for many people like myself like you, I'm
Speaker 1: sure you your vaccinated, you're boosted. If your children are eligible,
Speaker 1: they're vaccinated, or my fourteen year old has already boosted. Um,
Speaker 1: this is uh, this is you know, we've done what
Speaker 1: we can and there are drugs on the horizon that
Speaker 1: will help. But from hospitals are still getting crushed by
Speaker 1: unvaccinated people at their door and requiring a lot of
Speaker 1: intensive care. So we are definitely um in in two
Speaker 1: different worlds right now. Hopefully things will get better soon. Yeah,
Speaker 1: that is obviously the hope. And thanks for the solid
Speaker 1: information as always, Professors Gig Grandvaal with the Johns Hopkins
Speaker 1: Bloomberg School of Public Health, supported by Michael Bloomberg, the
Speaker 1: founder and majority owner of Bloomberg LP. That's the parent
Speaker 1: company of Bloomberg Radio. Taking a look at markets on
Speaker 1: this final training day of January. Mixed action SMP futures
Speaker 1: down eight down, futures down a hundred forty seven point
Speaker 1: stance at futures are higher by fifty three with us.
Speaker 1: You're listening to Bloomberg day Berg Blomberg eleven three oh
Speaker 1: weather sunshine him in your thirty Today, mid thirties, mostly sunny,
Speaker 1: Tomorrow will be in the mid forties, mostly cloudy by Wednesday.
Speaker 1: Right now clear and twenty degrees two zero in Central Park,
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg e Loving Freedom to Washington, d C. Bloomberg to
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Speaker 1: and around the globe the Bloomberg business at and Bloomberg
Speaker 1: Radio dot com. This is Bloomberg Daybreak. It's six thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow. Out here, just about three hours away from
Speaker 1: the open of US trading. Time for the five Things
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Speaker 1: I b k R dot com slash r i A
Speaker 1: up first. S and P futures are lower this morning
Speaker 1: as we close out the volatile trading month of January.
Speaker 1: Despite Friday's rally, the S and P five hundred is
Speaker 1: down seven percent so far this month. The tech having
Speaker 1: NOWSDACK is off by twelve percent. Oil is up sixteen
Speaker 1: percent and on track for its best January in three decades.
Speaker 1: We'm caring. The pullback and risk assets comes as the
Speaker 1: Fed turns hawkish, and now there's speculation about whether a
Speaker 1: rate hike in March could be bigger than initially expected.
Speaker 1: Let's get the latest lie from Bloomberg's We need a
Speaker 1: Young Good morning, Good morning, Nathan. The Fed could raise
Speaker 1: the benchmark rate by fifty basis points if there's a
Speaker 1: need to be more aggressive when inflation. That's what Atlanta
Speaker 1: Fit president Raphael Bostick told The Financial Times, and he's
Speaker 1: stuck to his prediction that three quarter point increases starting
Speaker 1: in March is the most likely scenario. Meantime, Goldman Sachs
Speaker 1: predicts the Fed will raise interest rates by twenty five
Speaker 1: basis points five times this year. Live in New York,
Speaker 1: I'm Nita Young, Bloomberg day Break, rned to thank you.
Speaker 1: Interest Rates are also in focus in Europe, according to
Speaker 1: a Bloomberg survey of economist the Bank of England, while
Speaker 1: race interest rates to one half of one percent on Thursday,
Speaker 1: that would complete the first back to back rate hikes
Speaker 1: in eighteen years. Politics are also front and center in Europe. Karen,
Speaker 1: after six days of voting in Italy's parliament, Sergio Monterrella
Speaker 1: has been re elected president and will remain in office
Speaker 1: for another term. We get the details from Bloomberg's Francy Laqua.
Speaker 1: In Rome, Mario drown the prime minister. It was initially
Speaker 1: seen as a top contender for the job, but lawmakers
Speaker 1: and feared to return to political germ oil without drawing
Speaker 1: as prime minister. In the end it was drawn himself,
Speaker 1: whilst much weel to remain in office, bringing the week
Speaker 1: long stalemates. The outcome could also provide relief to investors
Speaker 1: because they reduces the chances of early elections and will
Speaker 1: it Draggy Press ahead with his reform agenda until the
Speaker 1: next election due in Rome. Francin Laqua Bloomberg day Break. Francine,
Speaker 1: thank you, and we also have a possible deal to
Speaker 1: tell you about this morning. Bloomberg News has learned that
Speaker 1: Elliott Investment Management in Vista Equity are nearing an agreement
Speaker 1: to buy software maker Citrix Systems. The deal with value
Speaker 1: the company's equity at about thirteen billion dollars. That takeover
Speaker 1: could be announced as soon as today. And that's the
Speaker 1: five things you need to know to start your day,
Speaker 1: Brought to you by Interactive brokers straight to hand, your
Speaker 1: latest local headlines, sup plus a check of sports. This
Speaker 1: is Bloomberg. Thanks caring. At six thirty three on Wall Street.
Speaker 1: Worked twenty degrees in Central Park dealing with big delays
Speaker 1: on southbound FDR Drive with an accident by sixty third.
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.
Speaker 1: Good morning, Michael, Good morning Nathan. New York City Mayor
Speaker 1: Eric Adams says free covid anti viral pills are going
Speaker 1: out in the mail to eligible residents. The all of
Speaker 1: the new program is to keep sick people home rather
Speaker 1: than inside crowded stores. We have the highest vaccination rate
Speaker 1: in the nation. Also, speaking with many of our atoms
Speaker 1: at the news conference in the Bronx, NYC Health Commissioner
Speaker 1: Dave Chotsky, taken together, all of these tools help us
Speaker 1: defang the virus, keeping our loved ones out of the hospital,
Speaker 1: and saving lives, He says. The city already offers free
Speaker 1: at home vaccinations. Dr Chomsky says the pills will be
Speaker 1: delivered in partnership with Alto Pharmacy. Foreign Relations Committee Chair
Speaker 1: Bob and Thendez says U S senators are close to
Speaker 1: agreeing on a Russia sanctions bill that could include penalties
Speaker 1: even if President Vladimir Putin doesn't send troops into Ukraine.
Speaker 1: It comes as the UN Security Council as schedule to
Speaker 1: meet today for the first time on Russia's troop build
Speaker 1: up and threatening actions against Ukraine. At the request of
Speaker 1: the United States, The Biden administration reiterated that it is
Speaker 1: ready to hold talks with North Korea without preconditions. The
Speaker 1: day after Kim John Huon's regime fired an intermediate range
Speaker 1: ballistic missile for the first time since twenty seventeen, senior
Speaker 1: Administration official described North Korea's recent series of missile launches
Speaker 1: as de stabilizing. Republican Senator Susan Collins of Mains as
Speaker 1: former President Donald Trump should not have promised part in
Speaker 1: January sixth insurrectionists. Collins was also asked whether she would
Speaker 1: endorse Trump if he decided to run again. In certainly,
Speaker 1: it's not likely given the many other qualified candidates that
Speaker 1: we have that have expressed interested in running. Senator Collins
Speaker 1: spoke on a d c S this week, which can
Speaker 1: be heard Sundays on Bloomberg. Testimony will resume for a
Speaker 1: second week as the federal trial continues for three former
Speaker 1: Minneapolis police officers charged with violating George Floyd's civil rights.
Speaker 1: Actor Howard Hessman, best known for his role as radio
Speaker 1: DJ doctor John A Favor on the sitcom w k
Speaker 1: RNP and Cincinnati, has died. Hes been died over the
Speaker 1: weekend in Los Angeles at a d one Global News
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: quick Take, powered by more than twenty seven und journalists
Speaker 1: analysts in more than a twenty countries. I'm Michael Bard,
Speaker 1: this is Bloomberg. Nathan Yeah. A lot of radio people
Speaker 1: feeling that loss for sure, Thank you, Michael. Almost six
Speaker 1: thirty six on Wall Street Time with the Bloomberg Sports Updates,
Speaker 1: picking up radio people both pnus, John Stenhard Yeah, Nathan Cadev.
Speaker 1: An unlikely Super Bowl matchup the Bengals. Until this month,
Speaker 1: they had not won a playoff game in thirty one years.
Speaker 1: They had never won one on the road. They've never
Speaker 1: won a Super Bowl. The Rams only won one. That
Speaker 1: was when they played in St. Louis. But the Bengals
Speaker 1: and Ram both coming from behind. They both won by three.
Speaker 1: They'll meet in two weeks in l A. So, after
Speaker 1: fifty four Super Bowls without a team ploint in its
Speaker 1: home stadium, it will happen the second straight year. Rams
Speaker 1: made a three and a half point favor They trailed
Speaker 1: the forty Niners by ten, and the fourth quarter they
Speaker 1: rallied to win seven team at the Stafford's third playoff
Speaker 1: win after having not won any previously in his career
Speaker 1: big games, catching passes for both Cooper Cup and Odell Beckham.
Speaker 1: The Bengals trailed in Kansas City twenty one three, but
Speaker 1: the Chiefs, who scored touchdowns on their first three possessions,
Speaker 1: did not score one in any of their last eight,
Speaker 1: and Cincinnati went ahead with twenty one points in a row.
Speaker 1: Casey forced overtime, but Patrick mahomes a second interception led
Speaker 1: to the end of m to the Super Bowl four
Speaker 1: years ago. He was a senior in high school and
Speaker 1: tiny Fort Paid, Alabama. Now the Bengal Super Bowl chances
Speaker 1: rest out his right foot to kick his hup. Yeah good.
Speaker 1: The coffin nos bam bam. That is, Cincinnati won just
Speaker 1: six wins over their previous two seasons. The odds on
Speaker 1: them reaching the Super Bowl were once to one. Rangers
Speaker 1: Gotta go final minute from KeAndre Miller beat the Seattle
Speaker 1: cracking at the Garden three two. Islanders lost in Minnesota
Speaker 1: four to three before were met. Reliever Jeff Ennis has
Speaker 1: died of cancering. Whifty nine Johns the actually were Bloombird
Speaker 1: Sports Okay, John, Thanks six thirty seven on Wall Street.
Speaker 1: Time to take a look at stocks and some of
Speaker 1: the names moving in the pre market. Bloomberg Radio and
Speaker 1: TV Markets correspondent Pretty Goofda joins us getting ready for
Speaker 1: this final trading day of January. What a month it
Speaker 1: has been. Creat It has been a month, a year,
Speaker 1: an eternity, it seems like when it comes to the markets.
Speaker 1: But nevertheless, we do have some news this morning that
Speaker 1: could perhaps shake things up and what seems like kind
Speaker 1: of a relatively calm morning. I'm gonna start off here
Speaker 1: with a company called Citric System. Ct x S is
Speaker 1: your taker, down de shy four percent after Elliott Investment
Speaker 1: Management and Vista Equity Partners are nearing an agreement to
Speaker 1: acquire the software maker for about thirteen billion dollars. For
Speaker 1: those of you who aren't familiar, Citrics make software that
Speaker 1: workers used to log onto their corporate programs virtually. This
Speaker 1: is something that was really relied upon during the pandemic
Speaker 1: as people went remote. So why is the stock down
Speaker 1: just shy four percent as you see this potential deal
Speaker 1: news is huge investment to the tune of thirteen billion dollars. Well,
Speaker 1: it's because the price is at about a hundred and
Speaker 1: four dollars per share. For context, Nathan Citris closed at
Speaker 1: a hundred and five dollars and five cents yesterday, so
Speaker 1: there actually there is no premium here that can kind
Speaker 1: of help with that traditional acquisition arbitrage. Interesting now, as
Speaker 1: you know creaty, there was a lot of focus on
Speaker 1: Spotify over the weekend, and now it looks like the
Speaker 1: stock has analysts attention. Yeah, the analysts getting really busy
Speaker 1: when it comes to whether Netflix is a buy a
Speaker 1: cell or do you could just stay on the sidelines
Speaker 1: with this call. But City coming out and actually raising
Speaker 1: their recommendation on not just Netflix but Spotify too to
Speaker 1: a buy from a neutral. This comes after, of course,
Speaker 1: pressure on subscription based docks broadly. Uh. The analyst says
Speaker 1: that they both only may see modest subscriber growth, but
Speaker 1: Netflix has pricing power and Spotify can improve its ad
Speaker 1: supported monetizations, all about the bucks they can make off
Speaker 1: of it. N f l X as your Taker from
Speaker 1: Netflix up two and a half percent off the recommendation,
Speaker 1: and Spotify spot either taker there up one point two percent,
Speaker 1: and Nathan, speaking of those analysts upgrades, we can talk
Speaker 1: about Tesla because you know we've gone a hole twenty
Speaker 1: four hours about doing that. T s L a scandal.
Speaker 1: T s L as your Taker up just shy of
Speaker 1: two percent. Credit Sweeze upgrades the eb maker to an
Speaker 1: outperform following a sharp pullback, and quote highly favorable fundamentals,
Speaker 1: really calling for the pilot mentality here. Nathan Alright Bloomberg
Speaker 1: Radio and TV Markets corresponded, crety goopta getting us ready
Speaker 1: for the final trading day of January. As we take
Speaker 1: a look at the markets as a whole this morning,
Speaker 1: it is mixed action with SMP futures now down almost
Speaker 1: ten points, STAFF futures down a hundred seventy NASTAC futures
Speaker 1: are higher still, they're up fifty points. In the tenure
Speaker 1: treasury right now down four thirty seconds. The yield one
Speaker 1: point seven percent yield on the two year one point
Speaker 1: to zero percent. Still watching crew. It is surging this
Speaker 1: morning with nime x screwed up six tents at eight
Speaker 1: seven thirty three a barrel brent up one up a
Speaker 1: dollar eleven nine one fourteen for a barrel of the
Speaker 1: international benchmark. We're getting up date from the nation's capital.
Speaker 1: Next to Bloomberg. Government reporter Emily Wilkins. Russia and the
Speaker 1: US getting ready to come to a head at the
Speaker 1: u n This is Bloomberg Bloomberg eleven three oh weather,
Speaker 1: sunshine near thirty for a high today, mid thirties tomorrow,
Speaker 1: mostly cloudy, mid forties for Wednesday. Right now, clear sky
Speaker 1: twenty degrees in Central Park markets. Headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot com, bloo
Speaker 1: Bloomberg Business out and at Bloomberg Quick Tape is a
Speaker 1: Bloomberg business lash and I'm Karen Moscow. Futures are mixed
Speaker 1: this morning. We go to the First Word breaking news
Speaker 1: desk for today's morning call. Here's Bill Maloney building morning,
Speaker 1: Good morning, Karen. That's right. US features are trading mixed
Speaker 1: right now with doubt. Futures down a hundred and seventy
Speaker 1: three points. Subs drop ten well, then, as SECT futures
Speaker 1: are higher by fifty, the US ten yield at one
Speaker 1: point seven eight percent, Gold is little change. Oil is
Speaker 1: in the green, but bitcoin is trading lower by one
Speaker 1: point six percent. Japan rose one point one percent overnight,
Speaker 1: while your pre markets are also trading mixed this morning,
Speaker 1: and back in the US on the economic front at
Speaker 1: ninety five Chicago p m I and it's n thirty
Speaker 1: the Dallas Fed. Regarding earings this morning, L three missed estimates,
Speaker 1: and in deal news, Citrix is close to a sale
Speaker 1: to Ellie and Vista for a hundred four dollars a share,
Speaker 1: and Walgreens is said to have kicked off the sales
Speaker 1: process for its foods unit. In other news, Kathy Wood
Speaker 1: got nearly two point four four million shares of robin
Speaker 1: Hood on Friday and Wrapping things Up Beyond Me was
Speaker 1: raised to overweight at Barclay's, Kella cut to market perform
Speaker 1: at BMO, and Tessa was raised outperform over at Credit Sweetes.
Speaker 1: Live from the First and Breaking News desk on Bel Maloney,
Speaker 1: Karen Bill, thank you, and here live breaking news of
Speaker 1: your Bloomberg type squawk on your terminal suu A w
Speaker 1: K and that's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with Moore on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Russia has more than
Speaker 1: one hundred thousand troops near its border with Ukraine. Today,
Speaker 1: the United Nations Security Council meets to discuss the situation
Speaker 1: and what could happen next. North Korea confirms it test
Speaker 1: fire a mid range ballistic missile yesterday. US officials are
Speaker 1: condemning the biggest missile tests by North Korea since twenty seventeen.
Speaker 1: It will be the Bengals versus the Rams in the
Speaker 1: Super Bowl on February thirteenth. Cincinnati beat the Chiefs twenty seven,
Speaker 1: twenty four and overtime to win the a f C.
Speaker 1: The Rams beat the forty nine twenty seventeen for the
Speaker 1: NFC title. In the NHL, the Rangers won the Islanders
Speaker 1: and Bruins lost. In tennis, Rafael Nadal as one of
Speaker 1: men's record twenty first Grand Slam single in the Australian
Speaker 1: Open final. Global News twenty four hours a day on
Speaker 1: air and on bloom Or quick Take, powered by more
Speaker 1: journalists analysts more than twenty countries Michael bar this Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion. How US income
Speaker 1: tax policy became mostly about the one percent. I'm justin Fox,
Speaker 1: a columnist for Bloomberg Opinion. Federal income tax rates have
Speaker 1: fallen since two thousand one. For all income groups reported
Speaker 1: by the i r S, Those from the fiftieth to
Speaker 1: sixty percentiles saw the biggest reduction two point four percentage points,
Speaker 1: while those in the top one thousandth of one percent
Speaker 1: got the smallest one point one Despite ending up pretty
Speaker 1: much where they started, the very highest earners had an
Speaker 1: eventful couple of tax decades. The Republican tax cuts of
Speaker 1: the early two thousands gave them huge breaks, most of
Speaker 1: which expired in two thousand thirteen. The two thousand seventeen
Speaker 1: tax bill was kindest to those just below the top
Speaker 1: one percent, who, because of the alternative minimum tax, had
Speaker 1: actually seen their taxes rise until then. Now the Democrats
Speaker 1: want to raise new revenue, but not increase the taxes
Speaker 1: of anyone outside the one I'm justin Fox. For more opinion,
Speaker 1: please go to Bloomberg dot com, Slash Opinion or O
Speaker 1: P I N go on the Bloomberg Terminal. These has
Speaker 1: been Bloomberg Opinion and Bloomberg Opinion commentaries can be heard
Speaker 1: every weekday at this time, and Terminal customers can read
Speaker 1: more at O p I n GO six fifty on
Speaker 1: Wall Street. Return to news and science and technology now
Speaker 1: with a Bloomberg n j I T STEM report brought
Speaker 1: to you by New Jersey Institute of Technology, transforming computing
Speaker 1: professionals into data scientists to meet demand in this fast
Speaker 1: growing field. Learn more at n j I T DOT
Speaker 1: E d U slash Data Science Now. Here'slet's making news
Speaker 1: and science, technology, engineering and math. New York City will
Speaker 1: provide free anti viral pills home delivered to people who
Speaker 1: test positive and are at higher risk for COVID nineteen.
Speaker 1: City Hall says both oral anti viral medications approved by
Speaker 1: the FDA from Visor and Mark will be available, though
Speaker 1: in limited quantities. Hong Kong has never been closer about
Speaker 1: losing its COVID zero battle, as residents prepare for another
Speaker 1: Chinese New Year under COVID restrictions, only Kron seems to
Speaker 1: have gotten the better of the city's defenses with the
Speaker 1: record number of new and untraceable infections, Though the city
Speaker 1: has beaten back four previous waves of infection, Returning to
Speaker 1: no COVID cases will be much harder this time, given
Speaker 1: its facing Omikron, the most infectious and immune evasive of variants,
Speaker 1: and Federal safety regulators say they have cleared the way
Speaker 1: for Verizon and A T and T to power up
Speaker 1: more towers for new five G service without causing radio
Speaker 1: interference with airplanes. The f a S move will let
Speaker 1: the companies activate five G cell towers closer to airports
Speaker 1: without hindering the ability of planes to land during poor weather.
Speaker 1: And that's the Bloomberg n j I T STEM Report. Nathan,
Speaker 1: Thanks Karen rely from the Bloomberg Interactive Brokers studios. Where
Speaker 1: at six fifty two on Wall Street Time Now to
Speaker 1: check what's going on in d C. Some of the
Speaker 1: top stories in our nation's capital include the Senate getting
Speaker 1: close US to a sanctions deal against Russia, as the
Speaker 1: Pentagon tracks even more troop movement near Ukraine. Pentagon spokesman
Speaker 1: John Kirby was on Fox News Sunday. He has a
Speaker 1: lot of options, he putin has a lot of options
Speaker 1: available to him if he wants to further invade Ukraine,
Speaker 1: and he can execute some of those options eminently, but
Speaker 1: when it comes to America's sanctions options, Under Secretary of
Speaker 1: State Victoria Newland says, the White House doesn't want to
Speaker 1: put all its cards on the table. The turns is
Speaker 1: best when there's a little bit of strategic ambiguity around
Speaker 1: exactly what we are going to do. Under Secretary Newland
Speaker 1: was on CBS's Face the Nation. Also making news, Republican
Speaker 1: Senator Susan Collins accusing President Biden of mishandling Justice Stephen
Speaker 1: Bryer's retirement by promising a black woman will succeed him
Speaker 1: on the Supreme Court. The way that the President has
Speaker 1: handled this nomination has been clumsy at best. It adds
Speaker 1: to the further perception that the Court is a political
Speaker 1: institution like Congress, when it is not supposed to be.
Speaker 1: Senator Collins was on ABC's This Week, and fellow Republican
Speaker 1: Lindsey Graham is calling out former President Donald Trump for
Speaker 1: saying he would pardon January six rioters. I don't want
Speaker 1: to send any signal, uh that it was okay to
Speaker 1: the Fowler Capital. There are other groups with the causes
Speaker 1: that may want to go down to the violent path
Speaker 1: that these people get pardoned. Senator Graham was on Face
Speaker 1: the Nation, which can be heard every Sunday here on
Speaker 1: Bloomberg Radio along with This Week and Fox News Sunday.
Speaker 1: Let's get more now on this Monday morning from Bloomberg.
Speaker 1: Government reporter Emily Wilkins joining us from the nation's capital,
Speaker 1: starting off with the latest on what's happening between the
Speaker 1: US and Russia. Emily, there's gonna be a U n.
Speaker 1: Security Council meeting on the movements near Ukraine today. Yes,
Speaker 1: there is going to be meeting, and we are seeing
Speaker 1: movement from the US are glean to a Russia stinctions.
Speaker 1: So that conclude penalties on live your Putin, even if
Speaker 1: he doesn't send troops into Ukraine. There would be one
Speaker 1: set if this legislation passes, one set of fictions that
Speaker 1: would go a place prior to any sort of invasion
Speaker 1: for what Putin has already done, and then there will
Speaker 1: be a second set of sanctions should Putin actually indeed
Speaker 1: Ukraine in. Details have been light on exactly what these
Speaker 1: sanctions would be. We knew that lawmakers have been considering
Speaker 1: a number of different financial and personal fictions, but top
Speaker 1: officials in Congress and at the White House say that
Speaker 1: they aren't trying to detail exactly what is in the
Speaker 1: bill because having this element of surprise is part of
Speaker 1: their strategy. UM. Meanwhile, we are going to be looking
Speaker 1: towards the UN Security Council meeting on Monday, UM as
Speaker 1: well as what other European nations might agree to in
Speaker 1: terms of stactions, in addition to what the U. S.
Speaker 1: Congress is looking at now will certainly be watching that
Speaker 1: as well. We're watching developments around the Supreme Court with
Speaker 1: President Biden getting ready to name his choice to succeed
Speaker 1: retiring Justice Stephen Bryer. We already know it's going to
Speaker 1: be a black woman, and that's leading to some consternation
Speaker 1: among some Republicans. Well, I think for the black woman,
Speaker 1: I mean Republicans are no one's come out and said
Speaker 1: that they are opposing a black woman. But what you
Speaker 1: heard was Susan Collins come out and say that she
Speaker 1: felt like Biden was making this too political to have
Speaker 1: announced during his campaign that he was going to appoint
Speaker 1: a black female to the Court. She's called that clumsy
Speaker 1: on TV this this past week. Uh, she said she
Speaker 1: would be potentially be open to whoever Biden would nominate. Uh.
Speaker 1: The reason that Susan Collins is key here. I mean,
Speaker 1: Democrats really only need every Democrat to vote for the nominee,
Speaker 1: so they don't necessarily need of Susan collins is support.
Speaker 1: But what the Biden White House is helping for here
Speaker 1: is that their pick can be bipartisan and one of
Speaker 1: the individuals that they are considering for the role uh,
Speaker 1: Judge Katagi Brown Jackson. Susan Collins actually did vote for
Speaker 1: her to be on the DC Court of Appeals in
Speaker 1: June of last year, and so Collins is definitely one
Speaker 1: of several senators to the White House is going to
Speaker 1: be looking to. It helps that they will support whoever
Speaker 1: they pick. Only about a minute left here, I'm only
Speaker 1: but with Congress coming back from recess, where are we
Speaker 1: on build back better negotiations so they'll does better is
Speaker 1: something that's still being worked on. There are still discussions
Speaker 1: going on about it, but it's really in the background
Speaker 1: right now. Um. We obviously had the big push on
Speaker 1: voting rights before lawmakers left for the past week, and
Speaker 1: we're also seeing a lot of movement on the US
Speaker 1: China Competition Bill, which is something lawmakers really want to
Speaker 1: get a move on. They'd like to have something big
Speaker 1: done for President Biden. That's out in his March first
Speaker 1: State of the Union states. That's not a formal deadline,
Speaker 1: just just a nice one that they would like to have.
Speaker 1: UM And at this point, you know, there is some
Speaker 1: movement on build back better, but there's nothing very clear
Speaker 1: as far as actual formal negotiations. Uh. Joe Manchin has
Speaker 1: said that they're going to have to start from scratch
Speaker 1: trunk this one, and there's a lot of questions about
Speaker 1: exactly what legislation is going to be looking at like alright,
Speaker 1: Bloomberg Government reporter Emily Wilkins keeping on top of all
Speaker 1: that's happening in the nation's capital. Thanks as always, and
Speaker 1: you can read more about these stories on Bloomberg dot
Speaker 1: com or on the Bloomberg terminal. Follow all the latest
Speaker 1: on Bloomberg Radio in Washington Bloomberg and one oh five
Speaker 1: point seven FM HD two. Again you set for the
Speaker 1: final training day of the month of January. Futures are mixed,
Speaker 1: with SMP futures now down six points, STOW futures down
Speaker 1: a hundred forty six, NASTAC futures higher by sixty one points.
Speaker 1: The tenure Treasury is down four thirty seconds. The yield
Speaker 1: one bitcoin lower on the session thirty seven thousand, three
Speaker 1: hundred dollars. Bloomberg surveillance is straight ahead for Karen Moscow.
Speaker 1: I'm Nathan Hager. This is Bloomberg.