WEBVTT - Bloomberg Daybreak: January 31, 2022 - Hour 2 (Radio) 0:00:02.200 --> 0:00:05.040 By from the Bloomberg and directed Berger Studios. This is 0:00:05.040 --> 0:00:09.840 Bloomberg Daybreak for Monday, January one two. Coming up this hour, 0:00:10.080 --> 0:00:13.200 Traders Way the chance of a half percentage point rate hike. 0:00:13.240 --> 0:00:15.800 In March. The labor market comes into focus with this 0:00:15.840 --> 0:00:18.680 week's key Jopsher Court oil is on track for its 0:00:18.720 --> 0:00:22.720 best January in three decades, and Joe Rogan apologizes after 0:00:22.800 --> 0:00:26.400 billions of dollars getting wiped from Spotify's market value. New 0:00:26.480 --> 0:00:29.640 York City will home deliver free Coboneta viral pills plus. 0:00:29.680 --> 0:00:32.800 North Korea confirms the chest fire to mid range ballistic missile. 0:00:32.840 --> 0:00:35.120 Over the weekend on Mike La blar More a half 0:00:35.200 --> 0:00:37.600 Poptown Stattower, and sports on the Med, the Bengals and 0:00:37.760 --> 0:00:40.120 Rams playing Super Bowl fifty six in l a I 0:00:40.200 --> 0:00:45.000 win for the Rangers, the Islanders locked. That's All straight 0:00:45.000 --> 0:00:49.200 Ahead on Bloomberg day Break on Bloomberg eleven Trio, New York, 0:00:49.360 --> 0:00:54.080 Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 0:00:54.240 --> 0:00:58.800 Bloomberg nine sixties, San Francisco, Sirius x M one nine Team, 0:00:59.120 --> 0:01:01.840 and around the world Old on Bloomberg Radio dot Com 0:01:01.960 --> 0:01:08.800 and via the Bloomberg Business Set. Good morning, I'm hear 0:01:08.880 --> 0:01:11.640 at Moscow. I'm Nathan Hager. Bloomberg Day Break brought to 0:01:11.680 --> 0:01:14.640 you by Interactive Brokers i v k R charges margin 0:01:14.680 --> 0:01:17.160 loan rates from zero point seven five to one point 0:01:17.160 --> 0:01:20.039 five nine percent, rates subject to change. Learn more at 0:01:20.080 --> 0:01:24.360 ib kr dot com. Slash compare. SNP futures are little 0:01:24.480 --> 0:01:27.000 change this morning at six oh one on Wall Street. 0:01:27.040 --> 0:01:29.320 We checked the markets every fifteen minutes throughout the trading 0:01:29.400 --> 0:01:32.480 day on Bloomberg. Right now, SNP futures again are little change. 0:01:32.520 --> 0:01:36.240 Own Future is down, nowsday Future is up seventy seven. 0:01:36.480 --> 0:01:39.199 Ten year Treasury down four thirty seconds, YELD one point 0:01:39.240 --> 0:01:41.440 seven eight percent, and the yield on the two year 0:01:41.520 --> 0:01:44.440 one point to zero percent. Nathan, Well, Karen, We begin 0:01:44.560 --> 0:01:47.040 this morning with the Fed and speculation about whether a 0:01:47.120 --> 0:01:49.760 rate hike in March could be bigger than initially expected. 0:01:50.000 --> 0:01:52.120 Let's get the latest live from Bloomberg's You Need a 0:01:52.160 --> 0:01:54.680 Young Good morning, Granita, Good morning, Nathan. The Fed could 0:01:54.800 --> 0:01:57.880 raise the benchmark rate by fifty basis points if there's 0:01:57.880 --> 0:02:00.800 a need to be more aggressive when in flent. That's 0:02:00.800 --> 0:02:04.400 what Atlanta Fed President Rephael Bostick told The Financial Times, 0:02:04.720 --> 0:02:07.600 adding that all options are on the table for every 0:02:07.640 --> 0:02:10.639 FED meeting if needed, but he stuck to his prediction 0:02:10.720 --> 0:02:14.040 that three quarter point increases starting in March is the 0:02:14.080 --> 0:02:18.560 most likely scenario this year. Meantime, Goldman Sachs Presents predicts 0:02:18.600 --> 0:02:21.720 the FED will raise interest rates by twenty five basis 0:02:21.760 --> 0:02:25.239 points five times this year. Live in New York, I'm 0:02:25.240 --> 0:02:28.240 gonnit to Young Bloomberg Daybreak, Nita, thank you. As we 0:02:28.400 --> 0:02:31.240 spend the next six weeks reading tea leaves from the Fed. 0:02:31.320 --> 0:02:34.040 We'll get a concrete look at the labor market this Friday, 0:02:34.120 --> 0:02:36.320 the Fed and Investor. So we're paying close attention to 0:02:36.360 --> 0:02:38.880 the January jobs report, and we get a preview from 0:02:38.919 --> 0:02:42.240 Bloomberg's Viney down judas the data could provide insight on 0:02:42.280 --> 0:02:46.400 the highly contagious Armcron variance impact on the economy. Economists 0:02:46.400 --> 0:02:49.920 are forecasting a tepid December increase one hundred seventy five 0:02:49.960 --> 0:02:54.480 thousand or so after November's weeker then forecast showing jobless 0:02:54.520 --> 0:02:57.880 claims jumped last month. Is COVID nineteen four businesses to 0:02:57.960 --> 0:03:00.919 closed temporarily or throwing the town electric. Two years of 0:03:01.040 --> 0:03:05.360 pandemic turbulence Benny Deryl, Judea Ice Bloomberg, Baby all right, Vinnie, 0:03:05.400 --> 0:03:07.320 thank you. In Asia, overnight, we got a tap in 0:03:07.400 --> 0:03:11.000 reading on the world's second largest economy, China's manufacturing sector 0:03:11.040 --> 0:03:14.720 expanded at a slower pace in January. Bloomberg Gay Break 0:03:14.720 --> 0:03:17.480 Asia anchor Brian Curtis has the details. The official p 0:03:17.639 --> 0:03:20.360 m I declined to fifty point one, that was just 0:03:20.520 --> 0:03:24.000 above the estimate of fifty. The non manufacturing gauge fell 0:03:24.080 --> 0:03:27.360 to fifty one point one, also just above the forecast. 0:03:27.840 --> 0:03:32.400 A number of issues here, a seasonal slowdown, COVID nineteen outbreaks, 0:03:32.680 --> 0:03:36.480 and a weakening housing market. Also, the government ordered steel 0:03:36.520 --> 0:03:39.880 plants to cut output, that's to reduce air pollution ahead 0:03:39.920 --> 0:03:42.960 of the winter Olympics. In the meantime, that shishin pm 0:03:43.000 --> 0:03:45.720 I dropped to forty nine point one, and that was 0:03:45.760 --> 0:03:50.320 the worst in almost two years. Brian Curtis, Bloomberg day Break, Brian, 0:03:50.360 --> 0:03:52.920 thank you. In Europe, central banks and economic data are 0:03:52.960 --> 0:03:55.360 also and focus. This week. We had a key right 0:03:55.400 --> 0:03:58.000 decision by the Bank of England on Thursday. Let's go 0:03:58.040 --> 0:03:59.880 to London and get the latest or the Bloomberg's You 0:04:00.000 --> 0:04:02.200 in parts You and Good morning, Karen and Nathan. The 0:04:02.280 --> 0:04:04.560 UK could be heading for its first back to bat 0:04:04.600 --> 0:04:08.400 rate hike in seventeen years. Economists in Bloomberg's survey reckon 0:04:08.440 --> 0:04:10.240 the Bank of eng Them will raise its key indust 0:04:10.320 --> 0:04:13.880 rate to no point five percent this week. Forecasters also 0:04:13.960 --> 0:04:16.640 expect the Central Bank to confirm it's stopped reinvesting in 0:04:16.640 --> 0:04:19.000 bonds that are matured. This comes to the bank having 0:04:19.040 --> 0:04:22.479 and battles surging. Inflation now at five point four percent, 0:04:22.839 --> 0:04:25.280 the highest in thirty years. In London, I'm you in 0:04:25.320 --> 0:04:28.239 parts Sploomberg day Break. Thanks you. In politics, also center 0:04:28.320 --> 0:04:31.760 stage in Europe, after six days of voting in Italy's parliament, 0:04:31.839 --> 0:04:35.320 Sergio Matarella has been re elected president. We get the 0:04:35.360 --> 0:04:38.840 details from Bloomberg's fancy Lakwise. In Rome, after almost a 0:04:38.880 --> 0:04:43.800 week of films, votes to elect an alternative candidate was reelected. 0:04:43.839 --> 0:04:46.919 As it to these, President Mario drawn the prime minister. 0:04:47.000 --> 0:04:49.280 It was initially seen as the top contender for the job, 0:04:49.600 --> 0:04:51.440 and he made it clear he would be keen to 0:04:51.480 --> 0:04:54.599 become head of state, but lawmakers and feared to return 0:04:54.640 --> 0:04:58.560 to political dremoil without drawing as Prime Minister. In the end, 0:04:58.600 --> 0:05:01.280 it was drawn himself. Last much well to remain in office. 0:05:01.640 --> 0:05:04.880 Bringing the week long stale meet in Rome. Francin Laqua 0:05:04.920 --> 0:05:08.440 Bloomberg day Break, Thanks Francine. Geo Political tension in Eastern 0:05:08.480 --> 0:05:10.839 Europe is also on the agenda this week. The United 0:05:10.920 --> 0:05:15.280 Nations Security Council meets today regarding concerns about Russia invading Ukraine. 0:05:15.440 --> 0:05:18.760 Bloomberg said, Baxter has the story. The Pentagon says Russia 0:05:18.800 --> 0:05:21.360 continues to build up troops on a day to day basis. 0:05:21.800 --> 0:05:25.040 US Ambassador of the UN Linda Thomas Greenfield says today 0:05:25.160 --> 0:05:27.560 is actually a chance for Russia. Are the reason we're 0:05:27.720 --> 0:05:32.880 calling for this meeting on Monday is one more opportunity 0:05:33.240 --> 0:05:36.880 to find the diplomatic way out for for the Russians. 0:05:36.880 --> 0:05:39.680 But she says, the others are to talk further actions 0:05:39.720 --> 0:05:42.760 from sanctions to troop build up and to see where 0:05:42.839 --> 0:05:46.960 other nations stand. In San Francisco, I'm at Baxter Bloomberg 0:05:47.000 --> 0:05:49.680 day Break, Thanks had that tension over Ukraine, along with 0:05:49.760 --> 0:05:52.760 sustained global demand, is giving a lift to oil. Crude 0:05:52.800 --> 0:05:55.560 is on course for its best January in three decades. 0:05:55.640 --> 0:05:58.440 Checking prices now, Nimex crudes up nine tenths per cent 0:05:58.480 --> 0:06:01.280 at eighty seven dollar sixty cents. Barrel Brent is up 0:06:01.279 --> 0:06:05.000 one and a half percent at ninety cents. On the 0:06:05.040 --> 0:06:08.160 corporate front, this morning, Nathan, Spotify is in the spotlights 0:06:08.200 --> 0:06:12.120 as you're spunding to controversy over COVID misinformation from Joe 0:06:12.200 --> 0:06:15.560 Rogan's podcast, we get a story from Bloomberg's Lisa Mateo. 0:06:15.760 --> 0:06:19.560 In an Instagram video, Rogan apologized and pledged more balanced 0:06:19.560 --> 0:06:22.800 and better research for his podcasts. The comments come after 0:06:22.880 --> 0:06:25.960 Spotify outline steps it will take to halt the spread 0:06:26.000 --> 0:06:30.080 of misleading information about COVID. Rogan has hosted several outspoken 0:06:30.120 --> 0:06:33.320 skeptics of the vaccine. Last week, singers Neil Young and 0:06:33.400 --> 0:06:36.880 Joni Mitchell pulled their music from Spotify to protest Rogan. 0:06:37.120 --> 0:06:40.919 Almost four billion dollars was white from Spotify's market value 0:06:41.000 --> 0:06:45.360 last week. Lisa Mateo, Bloomberg, Daybreak and Lisa's Spotify wasn't 0:06:45.360 --> 0:06:47.359 the only stock to take a pounding last week. So 0:06:47.440 --> 0:06:50.560 did robin Hood. It's dropped to a record low, and 0:06:50.600 --> 0:06:53.760 on Friday, Kathy Woods Arc Investment Management bought nearly two 0:06:53.760 --> 0:06:57.360 and a half million shares. Robin Hood still trades sixtent 0:06:57.440 --> 0:06:59.919 below its I p O price. And Nathan, there's also 0:07:00.080 --> 0:07:03.080 possible deal this morning. Bloomberg News has learned that Elliott 0:07:03.080 --> 0:07:06.159 Investment Management in Vista Equity are nearing an agreement to 0:07:06.160 --> 0:07:09.359 buy software maker Citrix Systems. The deal and value the 0:07:09.360 --> 0:07:13.720 company's equity at about thirteen billion dollars. And straight ahead 0:07:13.800 --> 0:07:17.000 your latest local headlines plus a check of sports, and 0:07:17.160 --> 0:07:24.080 this is Bloomberg. It's tearing at six o seven on 0:07:24.120 --> 0:07:27.840 Wall Street. Another chilly morning in New York City, twenty 0:07:27.880 --> 0:07:30.720 degrees right now, still dealing with a westbound accident on 0:07:30.760 --> 0:07:33.240 the belt Parkway at jaff Care for its tails coming 0:07:33.280 --> 0:07:35.840 up in traffic first, Michael Barr with what else is 0:07:35.880 --> 0:07:37.880 going on in the city and around the world. Michael, 0:07:37.920 --> 0:07:40.280 thank you very much, Nathan. New York City will provide 0:07:40.320 --> 0:07:44.000 free anti viral pills home delivered two people who test 0:07:44.040 --> 0:07:48.440 positive and are at higher risk from COVID. Nineteen. Mayor 0:07:48.600 --> 0:07:51.280 Eric Adams at a news conference yesterday in the Bronx says, 0:07:51.440 --> 0:07:53.560 we want to make sure that no one with COVID 0:07:53.600 --> 0:07:56.160 has to move throughout the city. New York is one 0:07:56.200 --> 0:08:01.160 of the only places in the nation where we are 0:08:01.360 --> 0:08:05.520 doing this free delivery. Adams also shared the latest data 0:08:05.600 --> 0:08:10.000 on COVID rates in the city. Hospitalizations are down, COVID 0:08:10.120 --> 0:08:13.680 deaths are down, and that is because of the hard 0:08:13.680 --> 0:08:16.080 work of everyday New york Is that are doing the 0:08:16.160 --> 0:08:21.559 right thing around vaccine nations and boost the shops. Mayor 0:08:21.600 --> 0:08:24.360 Adams says the pills would be delivered in partnership with 0:08:24.480 --> 0:08:28.360 Alto Pharmacy. North Korea has confirmed it test launched and 0:08:28.440 --> 0:08:32.000 intermediate Arrange ballistic missile capable of reaching the U. S 0:08:32.080 --> 0:08:35.600 territory of Guam, in his most significant launch in almost 0:08:35.640 --> 0:08:39.439 five years. North Korea said the test verify the accuracy 0:08:39.559 --> 0:08:42.839 of the Wassan twelve missile. White House officials said North 0:08:42.920 --> 0:08:49.240 Korea's escalating provocations have become increasingly concerning. Chessly Christ, the 0:08:49.679 --> 0:08:52.800 nineteen winner of the Miss USA pageant and a correspondent 0:08:52.840 --> 0:08:56.079 for the entertainment news program Extra, has died. New York 0:08:56.080 --> 0:08:59.040 City Police said Chris, who was thirty, jumped from a 0:08:59.080 --> 0:09:02.840 Manhattan apart and building. Senate majority leader Chuck Schumer of 0:09:02.840 --> 0:09:05.160 New York says he is pledging to push for one 0:09:05.200 --> 0:09:08.439 point five billion dollars of the federal budget to go 0:09:08.640 --> 0:09:11.960 to the a t F to combat the interstate gun trade. 0:09:12.080 --> 0:09:15.360 We're Gonna asked him to direct that money to particularly 0:09:15.440 --> 0:09:20.080 go after gun trafficking, the Iron Pipeline, and a special 0:09:20.080 --> 0:09:22.440 task force that they have set up to deal with 0:09:22.559 --> 0:09:26.000 states that export guns. Senator Schumer says the gun trade 0:09:26.040 --> 0:09:29.800 is responsible for of the gun violence in New York. 0:09:30.200 --> 0:09:34.280 New York Republicans Nicole Meliatakas and Claudia Tenney would have 0:09:34.320 --> 0:09:37.120 to find a way to appeal to opposition party voters 0:09:37.160 --> 0:09:41.400 under a revamped congressional district plan. The proposed map, released 0:09:41.440 --> 0:09:45.480 Sunday is designed to maximize the prospects for Democrats ahead 0:09:45.480 --> 0:09:48.520 of the November election. Global News twenty four hours a 0:09:48.600 --> 0:09:51.800 day on air and on Bloomberg Quicktake, powered by more 0:09:51.840 --> 0:09:55.480 than seven hundred journalists analysts more than a hundred twenty countries. 0:09:55.840 --> 0:09:58.920 Michael Barer, this is Bloomberg. Nathan. All right, Michael, thank 0:09:58.960 --> 0:10:05.040 you almost six cent on Wall Street. Time for the 0:10:05.040 --> 0:10:08.719 Bloomberg Sports Update with John Stanshower. Nail the Bengals and 0:10:08.880 --> 0:10:11.080 Rams Super Bowl fifty six in l A. And if 0:10:11.120 --> 0:10:12.920 the game is anything like what we've seen in the 0:10:13.000 --> 0:10:15.680 last two weekends, we'll have a close super Bowl. The 0:10:15.720 --> 0:10:19.400 last six playoff games, five decided by three points and 0:10:19.440 --> 0:10:22.400 the other by six, and that one overtime to double 0:10:22.480 --> 0:10:26.520 digit comebacks another overtime. In the conference championship, Cincinnati came 0:10:26.520 --> 0:10:30.000 from eighteen down to win in Kansas City twenty four 0:10:30.160 --> 0:10:32.960 n ot. The Bengals, led by their young quarterback Joe 0:10:32.960 --> 0:10:36.720 Burrow and their rookie kicker Evan McPherson, four field goals 0:10:36.800 --> 0:10:40.040 in all three of their playoff wins, no misses, twelve 0:10:40.080 --> 0:10:42.320 for twelve, the one in ot set up by an 0:10:42.320 --> 0:10:45.120 interception thrown by Patrick Mahomes. He came back to Earth 0:10:45.160 --> 0:10:47.840 after last week, so Robis had a strong start yesterday, 0:10:47.840 --> 0:10:51.160 but Mahomes and the Chief denied a third straight AFC championship. 0:10:51.200 --> 0:10:53.719 The Rams, led by Matthew Stafford rallied from ten down 0:10:53.760 --> 0:10:56.440 in the fourth quarter touchdowns, second of the game for 0:10:56.480 --> 0:10:58.160 Cooper Cup and then two field goals. They took the 0:10:58.240 --> 0:11:00.440 lead on the forty niners with under two that's left, 0:11:00.480 --> 0:11:04.680 and then sealed the victory factor Garoppolo pocket crumbling, he 0:11:04.800 --> 0:11:08.080 spins out, he's hit, he's wrapped up. He flipped it forward. 0:11:08.240 --> 0:11:13.480 It's deep. Hits intercepted, hit dintercept in hit detercepted. Very 0:11:13.559 --> 0:11:17.480 Donald's got quite run the rock below and Traven Howard 0:11:17.760 --> 0:11:22.640 plitches the NFC Championship Game LA they call the Rams 0:11:22.640 --> 0:11:24.680 finally beat the Niners, who they had lost two sixth 0:11:24.720 --> 0:11:28.240 or eight times, twenty to seventeen. Josh McDaniels leaving New 0:11:28.240 --> 0:11:30.040 England to be the head coach with the Raiders. The 0:11:30.080 --> 0:11:32.720 Giants will introduce their new coach, Brian Dabo this morning. 0:11:33.080 --> 0:11:35.480 Rangers at the Garden avoided their first big game losing speak. 0:11:35.520 --> 0:11:38.200 They scored final minute beat the Seattle crack in three 0:11:38.200 --> 0:11:40.960 to two. The Islanders lost in Minnesota four to three. 0:11:41.200 --> 0:11:44.600 John Stashward Bloomberg Sports Nathan, Sorry, John, Thanks Right now, 0:11:44.720 --> 0:11:47.559 SMP futures are down three points, Stown futures down a 0:11:47.640 --> 0:11:51.120 hundred twelve. Dansdack futures still on the rise. They're up 0:11:51.360 --> 0:11:54.080 sixty seven points. The ten year treasury is down five 0:11:54.120 --> 0:11:56.920 thirty seconds. The yield one point seven eight percent. The 0:11:57.040 --> 0:11:59.320 yield on the two year right now one point two 0:11:59.440 --> 0:12:08.079 zero percent. You're listening to Bloomberg day Break Bloomberg eleven 0:12:08.080 --> 0:12:10.120 three oh Weather sunny with a high near thirty today, 0:12:10.160 --> 0:12:14.079 mostly sunny, mid thirties tomorrow, mostly cloudy by Wednesday, with 0:12:14.160 --> 0:12:17.840 highs near forty five degrees currently twenty under a pier 0:12:17.880 --> 0:12:24.640 sky in Central Park. Markets. Headlines and breaking news twenty 0:12:24.640 --> 0:12:27.480 four hours a day at Bloomberg dot Com, The Bloomberg 0:12:27.520 --> 0:12:31.559 Business Outland at Bloomberg Quick Tape, He's a Bloomberg business 0:12:31.640 --> 0:12:40.880 lash and I'm Cameron Moscow. European stocks on the rise 0:12:40.960 --> 0:12:44.280 this morning. US stock index futures are mixes. Investors bet 0:12:44.280 --> 0:12:47.760 corporate earnings will continue to grow amid aggressive tightening by 0:12:47.840 --> 0:12:50.320 the Fed. We checked the markets every fifteen minutes throughout 0:12:50.320 --> 0:12:53.000 the trading day on Bloomberg s and P Future is 0:12:53.040 --> 0:12:55.600 lower down six points now, Futures down a hundred thirties 0:12:55.679 --> 0:12:58.439 seven nas deck Future is up sixty five the decks 0:12:58.440 --> 0:13:01.040 in Germany's up six tenths of upper cent. Ten year 0:13:01.080 --> 0:13:03.480 Treasury down five thirty seconds here at one point seven 0:13:03.520 --> 0:13:05.560 eight percent. They yield on the two year one point 0:13:05.600 --> 0:13:08.480 to zero percent now. I mix Screwed oil is up 0:13:08.520 --> 0:13:10.480 nine tenths per cent, or seventy six cents at eighty 0:13:10.480 --> 0:13:13.400 seven dollars fifty eight cents a barrel comes Gold up 0:13:13.440 --> 0:13:15.760 three tenths per cent or five dollars seventy cents at 0:13:15.800 --> 0:13:20.040 seventy announce. The Euro one point one six two against 0:13:20.080 --> 0:13:22.280 the dollar. British found one point three four three two 0:13:22.679 --> 0:13:25.120 and the ends at one fifteen point five zero Bitcoin 0:13:25.240 --> 0:13:28.280 this morning moving lower at thirty seven thousand, two hundred 0:13:28.320 --> 0:13:31.200 forty dollars. That's a Bloomberg business flash. Now here's Michael 0:13:31.240 --> 0:13:33.760 Barr with more on what's going on around the world. Michael, 0:13:34.640 --> 0:13:36.920 thank you very much, Karen. The U n Security Council 0:13:37.080 --> 0:13:39.480 is scheduled to meet today for the first time on 0:13:39.679 --> 0:13:44.080 Russia's troop build up and threatening actions against Ukraine. Meeting 0:13:44.240 --> 0:13:46.800 is at the request of the United States. A new 0:13:46.880 --> 0:13:50.480 ABC News IPSIS poll shows that three quarters of Americans 0:13:50.800 --> 0:13:54.000 want President by to consider all possible nominees for the 0:13:54.040 --> 0:13:58.120 next Supreme Court nominee, regardless of race or gender. Biden 0:13:58.200 --> 0:14:01.280 pledged to nominate a black woman to replace outgoing Justice 0:14:01.320 --> 0:14:04.400 Stephen Bryer. It will be the Bengals versus the Rams 0:14:04.440 --> 0:14:08.559 in the Super Bowl Cincinnati. The Chiefs four in ot 0:14:09.120 --> 0:14:11.920 to win the a f C. The Rams beat forte 0:14:12.880 --> 0:14:16.720 seventeen for the NFC title. In the NHL, the Rangers 0:14:16.800 --> 0:14:20.680 won the Islanders and Bruins lost. In tennis, Raphael Nadal 0:14:20.760 --> 0:14:23.760 has won a men's record twenty first Grand Slam Singles 0:14:23.840 --> 0:14:27.640 title in the Australian Open Global News twenty four hours 0:14:27.680 --> 0:14:30.200 a day on air and on Bloomberg Quick Take, powered 0:14:30.240 --> 0:14:32.960 by more than twenty seven hundred journalist and analysts more 0:14:32.960 --> 0:14:35.760 than a hundred twenty countries. Michael Barr, This is Bloomberg, 0:14:35.840 --> 0:14:38.120 Nathan all right, Michael. Thanks at six nineteen on Wall 0:14:38.160 --> 0:14:40.720 Street Live from the Bloomberg Interactive Broker Studios. This is 0:14:40.840 --> 0:14:44.720 Bloomberg day Break, watching a red headline cross the Bloomberg terminal. 0:14:44.880 --> 0:14:48.600 UK Prime Minister Boris Johnson has received a civil servants 0:14:48.640 --> 0:14:52.760 report into the so called party gates scandal, allegations that 0:14:53.000 --> 0:14:57.160 a number of parties were held inside Boris Johnson's offices 0:14:57.640 --> 0:15:00.640 during the early part of the pandemic the UK was 0:15:00.760 --> 0:15:04.160 under lockdown. Prime Minister Johnson's expected to make a statement 0:15:04.200 --> 0:15:06.120 to the House of Commons later today. Of course, we'll 0:15:06.360 --> 0:15:09.560 continue following all those developments here for you on Bloomberg Radio. 0:15:09.640 --> 0:15:11.760 We want to get the latest on the pandemic itself 0:15:11.840 --> 0:15:14.360 now where some of the biggest developments have been as 0:15:14.440 --> 0:15:17.560 much on coronavirus information as they have on the pandemic itself. 0:15:17.640 --> 0:15:20.960 Joining us now, Professor g gronvol with the Johns Hopkins 0:15:21.000 --> 0:15:24.200 Bloomberg School of Public Health. Very interesting to see these 0:15:24.280 --> 0:15:28.400 developments around UH, sort of the government response more broadly 0:15:29.000 --> 0:15:32.040 to the pandemic early on, and of course this controversy 0:15:32.160 --> 0:15:36.560 over the weekend around Joe Rogan's podcast. The podcaster has 0:15:36.600 --> 0:15:41.040 apologized now says he's gonna have more sources on with 0:15:41.520 --> 0:15:44.360 different types of information about the pandemic. He's gonna accused, 0:15:44.400 --> 0:15:48.000 of course, of UH passing along COVID misinformation. From a 0:15:48.120 --> 0:15:51.600 public health perspective, though, I'm curious about what the impact 0:15:51.880 --> 0:15:56.440 of UH podcasts like Rogan's have been when it comes 0:15:56.560 --> 0:16:02.920 to battling the pandemic itself. Professor, Yeah, it's very discouraging because, um, 0:16:03.240 --> 0:16:07.240 right now, for most people, for most healthy people, UH, 0:16:07.600 --> 0:16:11.680 COVID is a vaccine preventable disease, and UM more people 0:16:11.920 --> 0:16:14.480 have died. Hundreds of thousands of people have died in 0:16:14.560 --> 0:16:18.400 this in this country, UM, since vaccines have been available, 0:16:18.600 --> 0:16:23.360 so UM there, there's it's hard to reach people to 0:16:23.680 --> 0:16:27.000 to give them the right information about the vaccine and 0:16:27.080 --> 0:16:29.840 why it could save their lives. But it's even harder 0:16:29.880 --> 0:16:33.360 when you have people who are actively countering that information. 0:16:34.520 --> 0:16:37.800 We've heard from the CEO of Spotify. He says that 0:16:38.240 --> 0:16:43.720 they're going to direct people to different types of content, 0:16:44.240 --> 0:16:50.440 more factual content, uh, and put up sort of disclaimers 0:16:50.600 --> 0:16:54.560 around podcasts like Rogan's. It's sort of a similar tact 0:16:54.600 --> 0:16:58.160 that Facebook and other social media platforms have taken when 0:16:58.200 --> 0:17:01.680 it comes to misinformation. Do you think stances like that help? 0:17:03.040 --> 0:17:05.720 I mean, it definitely helps, UM, but you have to 0:17:05.840 --> 0:17:09.000 shut the poison offictive source. You know, it's contaminating the 0:17:09.119 --> 0:17:12.160 discourse and we need to, um have a lot more 0:17:12.359 --> 0:17:15.520 of the right information, the correct information, so that people 0:17:15.600 --> 0:17:19.359 can make an informed decision. It's um, I think, you know, 0:17:19.480 --> 0:17:21.879 every little bit helps, but I don't think that the 0:17:22.000 --> 0:17:25.800 steps that Facebook or Spotify are taking are are going 0:17:25.840 --> 0:17:28.399 to be sufficient. And there's a lot more money on 0:17:28.560 --> 0:17:32.919 that side the raising questions, raising doubts and and taking 0:17:33.000 --> 0:17:35.840 shots at the at the effectiveness of the vaccine than 0:17:35.880 --> 0:17:39.560 there is money on the promotion of the vaccine. And 0:17:39.640 --> 0:17:44.119 that's that's always been the case. So how do you 0:17:44.840 --> 0:17:50.399 uh sort of balance things out better when, as you mentioned, 0:17:50.880 --> 0:17:53.480 there is the sort of imbalance when it comes to 0:17:53.640 --> 0:17:58.399 the resources behind the information. Well, part of this is 0:17:58.520 --> 0:18:01.359 that people need to be realize that they have a 0:18:01.520 --> 0:18:04.600 role to play here. Um. You know, these people like 0:18:04.760 --> 0:18:08.240 Joe Rogan don't come about by accident. Um. The people 0:18:08.440 --> 0:18:11.960 need to take responsibility for what is on their stations 0:18:12.600 --> 0:18:15.440 and what kind of messages that they're being there. They're 0:18:15.520 --> 0:18:19.520 sending a lot of news. Organizations they require their employees 0:18:19.600 --> 0:18:22.760 to be vaccinated, but yet they go around. Uh, these 0:18:22.840 --> 0:18:26.600 vaccinated people turn around and then talk to their audiences 0:18:26.760 --> 0:18:29.320 as if um, as if the vaccines are not effective. 0:18:29.880 --> 0:18:32.800 It's really disingenuous and it kind of UM. I know 0:18:32.920 --> 0:18:34.639 why they do it because there's money in it, but 0:18:34.960 --> 0:18:38.440 it's still um, it's still wrong. We have about a 0:18:38.480 --> 0:18:41.560 minute left here. Where would you say we are in 0:18:41.800 --> 0:18:46.000 terms of getting the pandemic under control? The ongoing debate 0:18:46.040 --> 0:18:49.479 about whether we can sort of think about COVID as 0:18:49.560 --> 0:18:52.680 being more endemic than a pandemic. Are we getting close 0:18:52.760 --> 0:18:57.840 to that point? It's it's definitely two worlds here because 0:18:58.320 --> 0:19:01.720 for most for many people like myself like you, I'm 0:19:01.800 --> 0:19:06.639 sure you your vaccinated, you're boosted. If your children are eligible, 0:19:06.760 --> 0:19:10.760 they're vaccinated, or my fourteen year old has already boosted. Um, 0:19:11.000 --> 0:19:13.440 this is uh, this is you know, we've done what 0:19:13.600 --> 0:19:16.359 we can and there are drugs on the horizon that 0:19:16.440 --> 0:19:20.640 will help. But from hospitals are still getting crushed by 0:19:20.960 --> 0:19:25.320 unvaccinated people at their door and requiring a lot of 0:19:25.400 --> 0:19:29.560 intensive care. So we are definitely um in in two 0:19:29.600 --> 0:19:33.000 different worlds right now. Hopefully things will get better soon. Yeah, 0:19:33.160 --> 0:19:37.040 that is obviously the hope. And thanks for the solid 0:19:37.160 --> 0:19:40.760 information as always, Professors Gig Grandvaal with the Johns Hopkins 0:19:40.800 --> 0:19:43.800 Bloomberg School of Public Health, supported by Michael Bloomberg, the 0:19:43.840 --> 0:19:46.280 founder and majority owner of Bloomberg LP. That's the parent 0:19:46.359 --> 0:19:49.720 company of Bloomberg Radio. Taking a look at markets on 0:19:49.880 --> 0:19:54.040 this final training day of January. Mixed action SMP futures 0:19:54.080 --> 0:19:56.320 down eight down, futures down a hundred forty seven point 0:19:56.400 --> 0:20:00.439 stance at futures are higher by fifty three with us. 0:20:00.520 --> 0:20:08.439 You're listening to Bloomberg day Berg Blomberg eleven three oh 0:20:08.480 --> 0:20:11.560 weather sunshine him in your thirty Today, mid thirties, mostly sunny, 0:20:11.600 --> 0:20:14.520 Tomorrow will be in the mid forties, mostly cloudy by Wednesday. 0:20:14.680 --> 0:20:18.400 Right now clear and twenty degrees two zero in Central Park, 0:20:22.119 --> 0:20:26.640 Broadcasting live from the Bloomberg Interactive Broker Studio in New York. 0:20:26.800 --> 0:20:30.879 Bloomberg e Loving Freedom to Washington, d C. Bloomberg to 0:20:31.040 --> 0:20:34.680 Boston Bloomberg one oh six one, to San Francisco, Bloomberg 0:20:34.760 --> 0:20:37.840 non sixty to the country Sirius XM Chando one nine, 0:20:38.240 --> 0:20:41.400 and around the globe the Bloomberg business at and Bloomberg 0:20:41.480 --> 0:20:51.000 Radio dot com. This is Bloomberg Daybreak. It's six thirty 0:20:51.000 --> 0:20:53.600 on Wall Street. Good morning. I'm Nathan Hagar and I'm 0:20:53.680 --> 0:20:56.520 Karen Moscow. Out here, just about three hours away from 0:20:56.560 --> 0:20:59.240 the open of US trading. Time for the five Things 0:20:59.280 --> 0:21:01.240 you need to know to start your day, brought to 0:21:01.320 --> 0:21:05.800 you by Interactive Brokers. Investment advisers switched to Interactive Brokers 0:21:05.840 --> 0:21:09.080 for a lowest cost global trading and turnkey custody solutions, 0:21:09.480 --> 0:21:12.119 no ticket charges and no conflicts of your interests at 0:21:12.200 --> 0:21:14.920 I b k R dot com slash r i A 0:21:15.840 --> 0:21:19.320 up first. S and P futures are lower this morning 0:21:19.359 --> 0:21:22.080 as we close out the volatile trading month of January. 0:21:22.200 --> 0:21:24.560 Despite Friday's rally, the S and P five hundred is 0:21:24.600 --> 0:21:27.440 down seven percent so far this month. The tech having 0:21:27.480 --> 0:21:30.560 NOWSDACK is off by twelve percent. Oil is up sixteen 0:21:30.640 --> 0:21:33.800 percent and on track for its best January in three decades. 0:21:33.960 --> 0:21:36.280 We'm caring. The pullback and risk assets comes as the 0:21:36.359 --> 0:21:39.200 Fed turns hawkish, and now there's speculation about whether a 0:21:39.280 --> 0:21:42.200 rate hike in March could be bigger than initially expected. 0:21:42.440 --> 0:21:44.399 Let's get the latest lie from Bloomberg's We need a 0:21:44.480 --> 0:21:47.080 Young Good morning, Good morning, Nathan. The Fed could raise 0:21:47.160 --> 0:21:49.960 the benchmark rate by fifty basis points if there's a 0:21:50.040 --> 0:21:53.400 need to be more aggressive when inflation. That's what Atlanta 0:21:53.440 --> 0:21:57.000 Fit president Raphael Bostick told The Financial Times, and he's 0:21:57.000 --> 0:22:00.359 stuck to his prediction that three quarter point increases starting 0:22:00.359 --> 0:22:04.359 in March is the most likely scenario. Meantime, Goldman Sachs 0:22:04.440 --> 0:22:07.320 predicts the Fed will raise interest rates by twenty five 0:22:07.400 --> 0:22:10.800 basis points five times this year. Live in New York, 0:22:10.880 --> 0:22:13.520 I'm Nita Young, Bloomberg day Break, rned to thank you. 0:22:13.640 --> 0:22:16.159 Interest Rates are also in focus in Europe, according to 0:22:16.200 --> 0:22:18.840 a Bloomberg survey of economist the Bank of England, while 0:22:18.920 --> 0:22:22.320 race interest rates to one half of one percent on Thursday, 0:22:22.760 --> 0:22:25.439 that would complete the first back to back rate hikes 0:22:25.480 --> 0:22:29.240 in eighteen years. Politics are also front and center in Europe. Karen, 0:22:29.320 --> 0:22:33.040 after six days of voting in Italy's parliament, Sergio Monterrella 0:22:33.160 --> 0:22:35.760 has been re elected president and will remain in office 0:22:35.840 --> 0:22:39.159 for another term. We get the details from Bloomberg's Francy Laqua. 0:22:39.280 --> 0:22:42.080 In Rome, Mario drown the prime minister. It was initially 0:22:42.119 --> 0:22:44.919 seen as a top contender for the job, but lawmakers 0:22:44.960 --> 0:22:47.760 and feared to return to political germ oil without drawing 0:22:48.080 --> 0:22:50.879 as prime minister. In the end it was drawn himself, 0:22:50.920 --> 0:22:53.560 whilst much weel to remain in office, bringing the week 0:22:53.640 --> 0:22:56.880 long stalemates. The outcome could also provide relief to investors 0:22:57.080 --> 0:23:00.160 because they reduces the chances of early elections and will 0:23:00.200 --> 0:23:03.240 it Draggy Press ahead with his reform agenda until the 0:23:03.280 --> 0:23:08.880