1 00:00:01,720 --> 00:00:05,080 Speaker 1: Live from the Bloomberg Interactive Brokers studios. This is Bloomberg 2 00:00:05,160 --> 00:00:09,080 Speaker 1: day Break for Thursday, March two. Coming up this hour, 3 00:00:09,200 --> 00:00:12,400 Speaker 1: President Blyden meets with Allies and Brussels to discuss ramping 4 00:00:12,440 --> 00:00:15,200 Speaker 1: up pressure on Russia. The US and EU close in 5 00:00:15,240 --> 00:00:18,120 Speaker 1: on a deal to slash Europe's dependency on Russian energy, 6 00:00:18,280 --> 00:00:21,360 Speaker 1: and Supreme Court nominee Katashi Brown Jackson fends off a 7 00:00:21,400 --> 00:00:25,400 Speaker 1: barrage of attacks that are confirmation hearings. State Comptroller Monopoli 8 00:00:25,520 --> 00:00:28,600 Speaker 1: says New York will fully divest all Russian holdings. Plus 9 00:00:28,680 --> 00:00:31,840 Speaker 1: tributes continue for former Secretary of State medal In Albrey. 10 00:00:31,920 --> 00:00:34,879 Speaker 1: I'm Michael bar more Ahead, I'm John Stashtward Sports New 11 00:00:34,960 --> 00:00:38,320 Speaker 1: York City is dropping the vaccine mandate that prevented Gyrie 12 00:00:38,360 --> 00:00:41,000 Speaker 1: Irving from playing home games. The Nets lost in Memphis, 13 00:00:41,000 --> 00:00:45,320 Speaker 1: the nixt one in chart Room. That's all straight ahead 14 00:00:45,400 --> 00:00:49,160 Speaker 1: on Bloomberg day Break on Bloomberg Elementary on New York, 15 00:00:49,280 --> 00:00:54,040 Speaker 1: Bloomberg N one, Washington, d C, Bloomberg one, O six one, Boston, 16 00:00:54,200 --> 00:00:59,160 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius XM one nineteen, and 17 00:00:59,200 --> 00:01:02,319 Speaker 1: around the world on Bloomberg Radio Dot Com and via 18 00:01:02,400 --> 00:01:09,000 Speaker 1: the Bloomberg Business At good morning, I'm Nathan Hagar and 19 00:01:09,080 --> 00:01:11,200 Speaker 1: I'm John Tucker. Bloomberg Day Break being brought to you 20 00:01:11,240 --> 00:01:14,520 Speaker 1: by Interactive Brokers Simple id b k R Global Trader 21 00:01:14,640 --> 00:01:18,399 Speaker 1: app deposited your local currency trade stocks in the US, 22 00:01:18,480 --> 00:01:21,680 Speaker 1: Europe and Asia. Start your free trial at i b 23 00:01:21,800 --> 00:01:25,240 Speaker 1: k R dot com. Slash Global Trader futures are moving 24 00:01:25,319 --> 00:01:27,039 Speaker 1: higher this morning. It is six oh one on Wall 25 00:01:27,080 --> 00:01:29,160 Speaker 1: Street and we checked the markets every fifteen minutes during 26 00:01:29,160 --> 00:01:31,600 Speaker 1: the trading day. On Bloomberg SMP futures are up twenty 27 00:01:31,640 --> 00:01:34,280 Speaker 1: three points, Staff futures up a hundred twenty seven, Nastack 28 00:01:34,360 --> 00:01:37,360 Speaker 1: futures higher by eighty seven points. The tenure treasury is 29 00:01:37,400 --> 00:01:40,080 Speaker 1: down twenty thirty seconds, the yield two point three six 30 00:01:40,760 --> 00:01:42,640 Speaker 1: The yield on the two year John is at two 31 00:01:42,680 --> 00:01:45,360 Speaker 1: point one four percent. And Nathan, we begin with the 32 00:01:45,400 --> 00:01:48,160 Speaker 1: wars that reaches the one month mark. President Biden meets 33 00:01:48,160 --> 00:01:51,200 Speaker 1: with Allies and Brussels today to discuss ramping up pressure 34 00:01:51,240 --> 00:01:54,920 Speaker 1: on Vladimir Putin to withdraw forces from Ukraine. New sanctions 35 00:01:55,040 --> 00:01:58,600 Speaker 1: among the options on the table. Details from Bloomberg's head Baxter, 36 00:01:59,000 --> 00:02:01,520 Speaker 1: along with the show ups solidarity. The US wants some 37 00:02:01,640 --> 00:02:05,680 Speaker 1: even stiffer penalties placed on Russia, and National Security Advisor 38 00:02:05,760 --> 00:02:09,679 Speaker 1: Jake Sullivan says enforcement is very important to agree on 39 00:02:10,000 --> 00:02:15,920 Speaker 1: an initiative to coordinate on sanctions enforcement so that Russian 40 00:02:15,919 --> 00:02:18,640 Speaker 1: efforts to evade the sanctions or other country's effort to 41 00:02:18,720 --> 00:02:22,200 Speaker 1: help Russia evade the sanctions can be dealt with effectively 42 00:02:22,200 --> 00:02:25,280 Speaker 1: and in a coordinated fashion. Sullivan says, as well, China 43 00:02:25,400 --> 00:02:27,919 Speaker 1: will be a major concern. NATO, G seven and the 44 00:02:28,000 --> 00:02:31,880 Speaker 1: EU meetings today in San Francisco. I'm at Baxter Bloomberg 45 00:02:31,960 --> 00:02:34,280 Speaker 1: day break and ended the G seven meeting. The nation's 46 00:02:34,280 --> 00:02:37,640 Speaker 1: planned to warn Vladimir Putin against using chemical or nuclear 47 00:02:37,680 --> 00:02:40,239 Speaker 1: weapons in Ukraine. That as according to a draft statement 48 00:02:40,280 --> 00:02:42,639 Speaker 1: the group will issued today. At the same time, US 49 00:02:42,720 --> 00:02:45,359 Speaker 1: and EU are close to a dealt as slash arabs 50 00:02:45,440 --> 00:02:48,880 Speaker 1: dependency on Russian energy. Let's go live to London get 51 00:02:48,880 --> 00:02:51,840 Speaker 1: the very latest on that from Bloomberg's Max Ramsey. Good morning, Max, 52 00:02:53,240 --> 00:02:55,839 Speaker 1: Morning to you, John and Nathan. Yes, what we're hearing 53 00:02:55,880 --> 00:02:58,680 Speaker 1: is that, as soonest tomorrow, the Biden administration and Europe's 54 00:02:58,720 --> 00:03:01,560 Speaker 1: leaders could agree a deal to demand for Russian energy. 55 00:03:01,800 --> 00:03:04,120 Speaker 1: What would this involved well, and official familiar with the 56 00:03:04,120 --> 00:03:07,440 Speaker 1: plans tells us the intention is around supplying American natural 57 00:03:07,480 --> 00:03:10,280 Speaker 1: gas and hydrogen to Europe. It's high up on the 58 00:03:10,320 --> 00:03:13,760 Speaker 1: agenda as Biden meets with Native and European leaders throughout 59 00:03:13,760 --> 00:03:15,640 Speaker 1: the day, and it's seen as an important step in 60 00:03:15,639 --> 00:03:19,160 Speaker 1: their efforts to isolate Moscow over the invasion of Ukraine. 61 00:03:19,160 --> 00:03:21,760 Speaker 1: Live in London, Max Ramsey bloom Back day break. Thanks Max, 62 00:03:21,840 --> 00:03:24,240 Speaker 1: Russia's stock market open for the first time in nearly 63 00:03:24,280 --> 00:03:27,400 Speaker 1: a month. The country's benchmarket index rose as much as 64 00:03:27,400 --> 00:03:31,400 Speaker 1: twelve percent enter Moscow stepped in with support measures. The 65 00:03:31,440 --> 00:03:33,960 Speaker 1: government's allowing just two thirds of the stocks of the 66 00:03:34,000 --> 00:03:36,480 Speaker 1: exchange to trade, and that's just for a short and 67 00:03:36,560 --> 00:03:40,920 Speaker 1: four hour session. Russia also banned short selling and restricted 68 00:03:40,960 --> 00:03:44,000 Speaker 1: foreigners from exiting local equities. That's on top of a 69 00:03:44,040 --> 00:03:46,440 Speaker 1: pledge to prop up the stock market with a ten 70 00:03:46,520 --> 00:03:49,840 Speaker 1: billion dollar alright, John, Energy markets remain in focus as 71 00:03:49,880 --> 00:03:52,440 Speaker 1: well as the war in Ukraine's sparks volatility, and a 72 00:03:52,480 --> 00:03:54,840 Speaker 1: couple of Wall Street titans are speaking out now on 73 00:03:55,040 --> 00:03:58,760 Speaker 1: US energy policy. We get the details from Bloomberg's Lisa Mateo, 74 00:03:59,200 --> 00:04:02,520 Speaker 1: source of sg P Morgan Chase CEO Jamie Diamond is 75 00:04:02,600 --> 00:04:05,760 Speaker 1: telling President Biden he needs a martial plan for developing 76 00:04:05,760 --> 00:04:08,640 Speaker 1: more domestic natural gas. That was at a White House 77 00:04:08,640 --> 00:04:11,880 Speaker 1: meeting on Monday. According to sources, Diamond urged the White 78 00:04:11,920 --> 00:04:14,520 Speaker 1: House to reduce the time needed to obtain permits for 79 00:04:14,560 --> 00:04:18,520 Speaker 1: renewable energy projects such as wind farms. Diamond also spoke 80 00:04:18,520 --> 00:04:21,520 Speaker 1: about the need for more short term investment in oil 81 00:04:21,560 --> 00:04:25,320 Speaker 1: and gas despite longer term climate goals. At the same time, 82 00:04:25,360 --> 00:04:28,920 Speaker 1: Black Rock CEO Larry Fink says the invasion of Ukraine 83 00:04:29,000 --> 00:04:31,560 Speaker 1: has the potential to speed up the global shift to 84 00:04:31,720 --> 00:04:34,440 Speaker 1: green energy. He says it could also do the same 85 00:04:34,480 --> 00:04:37,720 Speaker 1: thing for digital currencies, as from Fink's annual letter to 86 00:04:37,880 --> 00:04:42,320 Speaker 1: shareholders in New York. I'm Lisa Matteo Bloomberg Daybreak as Lucid. 87 00:04:42,360 --> 00:04:45,000 Speaker 1: The White House also working on its budget plans right now. 88 00:04:45,000 --> 00:04:47,800 Speaker 1: Bloomberg News has learned President Biden plans to request more 89 00:04:47,800 --> 00:04:52,799 Speaker 1: than eight hundred billion dollars in national security spending, including 90 00:04:52,839 --> 00:04:55,640 Speaker 1: seven hundred seventy three billion for the Pentagon that in 91 00:04:55,720 --> 00:04:58,800 Speaker 1: the fellow budget he'll send a Congress on Monday. That's 92 00:04:58,800 --> 00:05:01,640 Speaker 1: an increase of thirty one million dollars or four percent 93 00:05:01,720 --> 00:05:04,839 Speaker 1: from approved spending for the current fiscal year. Another major 94 00:05:04,880 --> 00:05:07,000 Speaker 1: story we continue to follow. John brings us back to 95 00:05:07,040 --> 00:05:10,360 Speaker 1: Capitol Hill, where Supreme Court confirmation hearings wrap up today 96 00:05:10,360 --> 00:05:14,200 Speaker 1: for Judge Kitangi Brown Jackson. Yesterday, Jackson fended off an 97 00:05:14,279 --> 00:05:17,479 Speaker 1: orchestrated barrage of Republican attacks on her record as things 98 00:05:17,520 --> 00:05:20,360 Speaker 1: got tense among members of the committee. Amy Morris has 99 00:05:20,400 --> 00:05:24,680 Speaker 1: details from our Bloomberg newsroom in Washington, Republican Senator Lindsey 100 00:05:24,680 --> 00:05:27,200 Speaker 1: Graham voted to confirm Jackson less than a year ago, 101 00:05:27,279 --> 00:05:29,720 Speaker 1: but had a sharp exchange with her over sentencing in 102 00:05:29,800 --> 00:05:32,560 Speaker 1: child pornography cases. I think the best way to a 103 00:05:32,560 --> 00:05:35,000 Speaker 1: crime when it comes to child pornography is you lure 104 00:05:35,080 --> 00:05:37,479 Speaker 1: the bloom on anybody who goes on the Internet and 105 00:05:37,520 --> 00:05:41,520 Speaker 1: pulls out these images for their pleasure. Senator, every person 106 00:05:41,839 --> 00:05:46,280 Speaker 1: in all of these UH charts and documents I sent 107 00:05:46,400 --> 00:05:49,440 Speaker 1: to jail committee Chartick Durbin accused Senator Ted Cruz of 108 00:05:49,520 --> 00:05:52,839 Speaker 1: not allowing Jackson to answer the question. Chairman Durbin, I've 109 00:05:52,880 --> 00:05:56,560 Speaker 1: never seen the chairman refused to allow a witness to 110 00:05:56,600 --> 00:05:59,160 Speaker 1: answer a question. You can bang it as loud as 111 00:05:59,160 --> 00:06:00,920 Speaker 1: you want. I can just tell you at some point 112 00:06:00,920 --> 00:06:03,080 Speaker 1: you have to follow the rule. An emotional Senator Cory 113 00:06:03,080 --> 00:06:06,800 Speaker 1: Booker defended Jackson, saying the GOP allegations are without marriage. 114 00:06:06,839 --> 00:06:10,240 Speaker 1: You have earned this spot. You are worthy, You are 115 00:06:10,360 --> 00:06:13,560 Speaker 1: a great American. Jackson's nomination will likely end up in 116 00:06:13,600 --> 00:06:16,039 Speaker 1: a party line deadlock, but that's not likely to stop 117 00:06:16,080 --> 00:06:18,720 Speaker 1: Democrats from confirming her as the first black woman to 118 00:06:18,760 --> 00:06:22,320 Speaker 1: the Supreme Court in Washington. I'm anymore as Bloomberg Daybreak, 119 00:06:22,520 --> 00:06:25,680 Speaker 1: Thanks Amy. Turning to the economy right now, the calls 120 00:06:25,760 --> 00:06:28,920 Speaker 1: for a fifty point fifty basis point rate high Cathy, 121 00:06:29,000 --> 00:06:32,000 Speaker 1: next Federal Reserve meeting of growing louder markets pricing at 122 00:06:32,000 --> 00:06:34,760 Speaker 1: a rate increase at every Central Bank meeting this year, 123 00:06:35,040 --> 00:06:37,799 Speaker 1: we call up with San Francisco FED President Mary Daly. 124 00:06:38,279 --> 00:06:42,480 Speaker 1: I will absolutely um confirm what you know. Jay. Chair 125 00:06:42,560 --> 00:06:45,640 Speaker 1: Powell's confirmed for himself, which is that I have everything 126 00:06:45,680 --> 00:06:47,400 Speaker 1: on the table right now. If we need to do 127 00:06:47,480 --> 00:06:49,280 Speaker 1: fifty fifties, what we'll do. If we need to do 128 00:06:49,400 --> 00:06:52,000 Speaker 1: twenty five and balance sheet, that's what we'll do. But 129 00:06:52,120 --> 00:06:56,560 Speaker 1: the data will help us determine how much is necessary. 130 00:06:58,240 --> 00:07:00,960 Speaker 1: San Francisco reread the president at Mary daily making the 131 00:07:01,000 --> 00:07:04,200 Speaker 1: comments in an interview with Bloomberg's Michael McKee. The Central 132 00:07:04,200 --> 00:07:08,320 Speaker 1: Bank's next policy decision comes on May fourth, ahead of 133 00:07:08,320 --> 00:07:10,360 Speaker 1: the open on Wall Street. This morning, John s and 134 00:07:10,400 --> 00:07:12,640 Speaker 1: p Futures are up twenty two points. Staff Future are up, 135 00:07:13,800 --> 00:07:16,480 Speaker 1: Nastac features hired by eighty four points. Straight ahead. You 136 00:07:16,520 --> 00:07:18,440 Speaker 1: l like its local headlines in the check of sports. 137 00:07:18,520 --> 00:07:25,040 Speaker 1: This is Bloomberg and it's now six o seven on 138 00:07:25,120 --> 00:07:27,040 Speaker 1: Wall Street. Let's bring in Michael Barne Dow to find 139 00:07:27,040 --> 00:07:29,200 Speaker 1: out what else is going on in New York end 140 00:07:29,600 --> 00:07:31,840 Speaker 1: around the world, John, thank you very much, sir. New 141 00:07:31,920 --> 00:07:35,560 Speaker 1: York State Comptroller Thomas Donopoli says New York will fully 142 00:07:35,640 --> 00:07:40,239 Speaker 1: divest all Russian holdings. Dinopoly spoke with Bloomberg's and Allie 143 00:07:40,240 --> 00:07:42,880 Speaker 1: Bassek when the war broke out. We said we're going 144 00:07:42,960 --> 00:07:46,440 Speaker 1: to freeze any new investments, and we were making an 145 00:07:46,440 --> 00:07:48,720 Speaker 1: assessment of what we considered to be the risk of 146 00:07:48,720 --> 00:07:52,680 Speaker 1: the portfolio if we continued to be invested. State Comptroller 147 00:07:52,720 --> 00:07:56,280 Speaker 1: Donopoly says it's largely in the public equity portfolio, a 148 00:07:56,280 --> 00:07:59,680 Speaker 1: little bit in fixed income quantified in about one and 149 00:07:59,760 --> 00:08:03,720 Speaker 1: ten million dollars. Chinese state media say that The search 150 00:08:03,800 --> 00:08:06,960 Speaker 1: area is being expanded for the second black box from 151 00:08:06,960 --> 00:08:10,840 Speaker 1: a China Eastern passenger plane that crashed in southern China 152 00:08:10,880 --> 00:08:13,200 Speaker 1: with a hundred thirty two people on board earlier this week. 153 00:08:13,560 --> 00:08:16,800 Speaker 1: One of the black boxes was found yesterday. Secretary of 154 00:08:16,840 --> 00:08:20,360 Speaker 1: Health and Human Services, how Your Sarah warns Congress that 155 00:08:20,560 --> 00:08:24,000 Speaker 1: funds to fight COVID have already run out. The fund 156 00:08:24,000 --> 00:08:28,240 Speaker 1: Congress established to reimburse doctors and other medical providers for 157 00:08:28,280 --> 00:08:32,520 Speaker 1: COVID care for Americans, in particular, the uninsured, is no 158 00:08:32,600 --> 00:08:36,720 Speaker 1: longer accepting new claims for pro from providers for testing 159 00:08:37,120 --> 00:08:40,400 Speaker 1: or for treatment services. Secretary of Sara at the White 160 00:08:40,440 --> 00:08:44,120 Speaker 1: House COVID nineteen Response Team press conference says if Congress 161 00:08:44,200 --> 00:08:48,280 Speaker 1: does not approve more COVID funding, COVID help for vaccines, pills, 162 00:08:48,320 --> 00:08:52,079 Speaker 1: and other treatment will vanish. US Secretary of State Anthony B. 163 00:08:52,080 --> 00:08:55,720 Speaker 1: Lincoln slam the Taliban for ditching its commitment to reopen 164 00:08:55,800 --> 00:08:58,480 Speaker 1: high schools two girls at the last minute. The sudden 165 00:08:58,520 --> 00:09:01,400 Speaker 1: reversal by the Taliban was met with sharp criticism from 166 00:09:01,440 --> 00:09:04,800 Speaker 1: the United Nations, while B. Lincoln said it would profoundly 167 00:09:04,920 --> 00:09:08,800 Speaker 1: harm the group's ability to build ties abroad. Madeline Albright, 168 00:09:08,880 --> 00:09:11,679 Speaker 1: who rose to become the first female Secretary of State, 169 00:09:11,960 --> 00:09:15,600 Speaker 1: has died of cancer. President Bill Clinton chose Albright as 170 00:09:15,640 --> 00:09:20,679 Speaker 1: America stopped diplomat. In Former U S Ambassador Thomas Pickering 171 00:09:20,720 --> 00:09:24,239 Speaker 1: spoke about Albrights she had little love, I would say 172 00:09:24,280 --> 00:09:29,360 Speaker 1: for Russia, and that skepticism and indeed suspicion about Russia 173 00:09:29,760 --> 00:09:32,280 Speaker 1: has proven to me more true than I think any 174 00:09:32,320 --> 00:09:35,079 Speaker 1: of us had reason to believe when I worked for her. 175 00:09:35,559 --> 00:09:40,280 Speaker 1: Former Ambassador Pickering spoke with Bloomberg's Joe Matthew. Inelve, President 176 00:09:40,320 --> 00:09:43,559 Speaker 1: Barack Obama awarded Albright the Medal of Freedom. Madeline Albright 177 00:09:43,640 --> 00:09:46,360 Speaker 1: was eighty four global news twenty four hours a day 178 00:09:46,400 --> 00:09:49,320 Speaker 1: on air and on Bloomberg Quickdake, powered by more than 179 00:09:49,840 --> 00:09:52,720 Speaker 1: seven hundred journalists and analyists more than a hundred twenty countries. 180 00:09:53,120 --> 00:10:00,240 Speaker 1: Michael Laren, this is Bloomberg, John Michael, thank you and 181 00:10:00,400 --> 00:10:02,600 Speaker 1: the Princess to six Town on Wall Street. Time down 182 00:10:02,600 --> 00:10:06,800 Speaker 1: for the Bloomberg Sports update. Thanks John Carrie. Irving's Brooklyn 183 00:10:06,880 --> 00:10:09,440 Speaker 1: Net season has gone from not playing at all due 184 00:10:09,440 --> 00:10:12,160 Speaker 1: to his decision to not get vaccinated, to playing only 185 00:10:12,200 --> 00:10:14,880 Speaker 1: in road games, but now as the NBA regular season 186 00:10:14,920 --> 00:10:17,960 Speaker 1: winds down. New York City is set to lift the 187 00:10:18,240 --> 00:10:21,600 Speaker 1: private sector mandate for in person work, and Irving will 188 00:10:21,679 --> 00:10:23,720 Speaker 1: finally be a full time member of the team. Played 189 00:10:23,800 --> 00:10:25,920 Speaker 1: last night in Memphis, scored forty three points or the 190 00:10:25,960 --> 00:10:29,520 Speaker 1: Nets lost one thirty two to one twenty. Tyrie was 191 00:10:29,600 --> 00:10:32,000 Speaker 1: later asked to that jumping in in the line of 192 00:10:32,160 --> 00:10:36,280 Speaker 1: jumping out, you know, looking forward hopefully that could could 193 00:10:36,280 --> 00:10:38,760 Speaker 1: be something we could fix, and we passed. I can't 194 00:10:38,800 --> 00:10:42,000 Speaker 1: wait to talk to you guys once this is you know, 195 00:10:42,080 --> 00:10:45,080 Speaker 1: something's efficient and that's expected at a Mayor Adam's mid 196 00:10:45,200 --> 00:10:48,360 Speaker 1: day presser today at City Field. This also affects unvaccinated 197 00:10:48,440 --> 00:10:50,280 Speaker 1: met and Yankee players, although He's still have to be 198 00:10:50,360 --> 00:10:52,800 Speaker 1: vacs to play in Toronto and the Yankees have ten 199 00:10:52,920 --> 00:10:55,000 Speaker 1: games there. Nix, with one of the better games of 200 00:10:55,000 --> 00:10:57,600 Speaker 1: the season one oh six win at Charlotte, did it 201 00:10:57,640 --> 00:11:01,040 Speaker 1: without starters Julius Randall and Mittel. Robinson's seven nicks in 202 00:11:01,120 --> 00:11:03,680 Speaker 1: double figures laid by R. J. Barrett's thirty points. Devils 203 00:11:03,720 --> 00:11:06,559 Speaker 1: lost in Toronto three two. N C Double A Tournament 204 00:11:06,559 --> 00:11:10,080 Speaker 1: returns tonight Double Letters in San Antonio and San Francisco. 205 00:11:10,160 --> 00:11:13,480 Speaker 1: That's where Duke plays Texas Tech, will Duke move on 206 00:11:13,600 --> 00:11:16,600 Speaker 1: or will this be the end of Mike Tazewski's coaching career. 207 00:11:16,720 --> 00:11:19,160 Speaker 1: N I T quarterfinal wins for Texas A and M 208 00:11:19,160 --> 00:11:22,560 Speaker 1: at Washington State. Ron Harper Jr. Leavey Watterers journey pro. 209 00:11:22,679 --> 00:11:24,720 Speaker 1: For a while yesterday looked like the Jets might be 210 00:11:24,760 --> 00:11:27,600 Speaker 1: acquiring star wide out Tyree Hill from Kansas City. The 211 00:11:27,640 --> 00:11:31,040 Speaker 1: Chiefs agreed to deals with the Jets and Dolphins and 212 00:11:31,080 --> 00:11:33,080 Speaker 1: then let Hill decide where he wanted to go, and 213 00:11:33,120 --> 00:11:36,240 Speaker 1: he chose Miami signed a four year, hundred twenty million 214 00:11:36,240 --> 00:11:39,840 Speaker 1: dollar contract with them. John Stashwarer. Bloomberg Sports. John, all right, 215 00:11:39,880 --> 00:11:42,160 Speaker 1: thanks a lot, John, We're still a waiting president by 216 00:11:42,320 --> 00:11:46,000 Speaker 1: an address to NATO ministers in Brussels. Will bring it 217 00:11:46,080 --> 00:11:49,240 Speaker 1: that to live when it happens ahead of the Cans. 218 00:11:49,240 --> 00:11:51,480 Speaker 1: Show them up Wall Street down. Futures right now up 219 00:11:51,520 --> 00:11:55,960 Speaker 1: one fourteen points. The SMP EVENY futures twenty one points 220 00:11:56,000 --> 00:11:59,400 Speaker 1: higher than ZAC futures right now are up eighty points. 221 00:11:59,720 --> 00:12:07,559 Speaker 1: You're listening to Bloomberg Daybreak. Daybreak brought you by the 222 00:12:07,600 --> 00:12:10,160 Speaker 1: Jewish Community Fund. Jason, you have some doughtor advised fund 223 00:12:10,200 --> 00:12:13,160 Speaker 1: is the smart choice to manage your philanthropy, especially in 224 00:12:13,280 --> 00:12:16,120 Speaker 1: times of crisis like you're giving impact old Visit j 225 00:12:16,240 --> 00:12:23,880 Speaker 1: c f n Y dot org, markets headlines and breaking 226 00:12:23,920 --> 00:12:26,800 Speaker 1: news twenty four hours a day at Bloomberg dot com, 227 00:12:26,920 --> 00:12:30,439 Speaker 1: the Bloomberg Business App, and at Bloomberg Quick Tape is 228 00:12:30,480 --> 00:12:39,520 Speaker 1: a Bloomberg Business Lash. I'm Nathan Hager. European stocks are 229 00:12:39,559 --> 00:12:42,720 Speaker 1: moving lower, Treasuries extending their slide, as well as investors 230 00:12:42,720 --> 00:12:45,160 Speaker 1: way the risks of rising inflation and the impact of 231 00:12:45,160 --> 00:12:47,440 Speaker 1: the war in Ukraine. We checked the markets every fifteen 232 00:12:47,440 --> 00:12:50,480 Speaker 1: minutes during the trading day on bloomberg SMP futures are 233 00:12:50,600 --> 00:12:53,079 Speaker 1: still higher, up nineteen points, staff futures up a hundred 234 00:12:53,080 --> 00:12:56,320 Speaker 1: four dast deck futures are up sixty eight points. Germany's 235 00:12:56,360 --> 00:12:58,240 Speaker 1: decks down a half percent. The hack in Paris is 236 00:12:58,280 --> 00:13:00,120 Speaker 1: lower by two tenths of one percent. The ten Your 237 00:13:00,160 --> 00:13:02,600 Speaker 1: treasury is down twenty four thirty seconds, with the yield 238 00:13:02,600 --> 00:13:04,880 Speaker 1: two point three eight percent yield on the two year 239 00:13:04,880 --> 00:13:08,080 Speaker 1: two point one five Nimex crewed down four tenths percent, 240 00:13:08,160 --> 00:13:10,160 Speaker 1: or forty eight cents at a hundred fourteen dollars forty 241 00:13:10,200 --> 00:13:12,600 Speaker 1: five cents a barrel. Comex called up three tenths per 242 00:13:12,600 --> 00:13:16,080 Speaker 1: cent or six dollar sixty cents. In nine announced the 243 00:13:16,080 --> 00:13:18,760 Speaker 1: euro one point zero nine eight three against the dollar. 244 00:13:18,880 --> 00:13:21,760 Speaker 1: The yen is at one point seven two. That's a 245 00:13:21,800 --> 00:13:24,319 Speaker 1: bloomberg business flash. And now here's Michael Barr with more 246 00:13:24,360 --> 00:13:27,120 Speaker 1: on what's going on around the world. Michael Nathan, thank 247 00:13:27,160 --> 00:13:30,320 Speaker 1: you very much. The world's leading economic power has planned 248 00:13:30,320 --> 00:13:33,960 Speaker 1: to warn Russian President of Vladimir Putin against using chemical 249 00:13:34,240 --> 00:13:37,319 Speaker 1: or nuclear weapons in Ukraine in a draft statement from 250 00:13:37,360 --> 00:13:40,360 Speaker 1: the Group of G seven today, The leaders also planned 251 00:13:40,400 --> 00:13:44,240 Speaker 1: to say that they will continue to impose severe consequences 252 00:13:44,280 --> 00:13:47,400 Speaker 1: on Russia. US President Joe Biden is in Brussels for 253 00:13:47,440 --> 00:13:50,320 Speaker 1: a trio of summits with NATO, the G seven, and 254 00:13:50,480 --> 00:13:53,600 Speaker 1: the European Union. New York City Mayor Eric Adams will 255 00:13:53,640 --> 00:13:57,320 Speaker 1: announce today that he's exempting athletes and performers from the 256 00:13:57,360 --> 00:14:00,960 Speaker 1: city's vaccine mandate for private workers. The move will allow 257 00:14:01,000 --> 00:14:03,720 Speaker 1: Brooklyn Nets star Kyrie Irving to play home games and 258 00:14:03,800 --> 00:14:07,880 Speaker 1: let unvaccinated baseball players take the field when their season 259 00:14:07,920 --> 00:14:11,800 Speaker 1: begins NBA games, The Nets lost the Nix and Celtics 260 00:14:11,840 --> 00:14:15,480 Speaker 1: won in the NHL. The Devil's Lost Global News twenty 261 00:14:15,480 --> 00:14:18,240 Speaker 1: four hours a day on here and on Bloomberg Quick Tank, 262 00:14:18,480 --> 00:14:21,400 Speaker 1: powered by more than twenty seven hundred journalist analysts more 263 00:14:21,400 --> 00:14:24,280 Speaker 1: than a hundred twenty countries at Michael barn This is Bloomberg. 264 00:14:25,320 --> 00:14:29,040 Speaker 1: This is the Big Take, the best of Bloomberg's in depth, 265 00:14:29,080 --> 00:14:31,920 Speaker 1: original reporting from around the globe. This is a really 266 00:14:31,960 --> 00:14:36,200 Speaker 1: fascinating story that's caused a lot of outrage among investors. 267 00:14:36,240 --> 00:14:38,960 Speaker 1: This is so fascinating. A market shutdown in a way 268 00:14:39,000 --> 00:14:42,080 Speaker 1: it's never done before. That's gonna have consequences for years 269 00:14:42,080 --> 00:14:46,120 Speaker 1: to come. The Dame Take on Bloomberg Radio and our 270 00:14:46,240 --> 00:14:50,160 Speaker 1: Big Take this morning focuses on the future of globalization. 271 00:14:50,760 --> 00:14:53,880 Speaker 1: The West must save globalization. This is an opinion piece 272 00:14:53,880 --> 00:14:56,640 Speaker 1: co authored by John Nicko Thwaite, editor in chief of 273 00:14:56,640 --> 00:15:01,440 Speaker 1: Bloomberg News Saunt. John joins us this morning from London. John, 274 00:15:01,440 --> 00:15:03,600 Speaker 1: as we filled up the car in the US this morning, 275 00:15:03,640 --> 00:15:07,600 Speaker 1: we griped and blamed events and far off places. More broadly, 276 00:15:07,600 --> 00:15:10,880 Speaker 1: it does raise the question what's the path forward for 277 00:15:11,400 --> 00:15:14,480 Speaker 1: integrating the world's economies. This the sat the first rodeo 278 00:15:14,600 --> 00:15:17,840 Speaker 1: for globalization, is it? No, that's the point and very 279 00:15:17,920 --> 00:15:21,680 Speaker 1: nice to um to be here. John. The the point 280 00:15:21,800 --> 00:15:24,600 Speaker 1: is you go back a hundred years ago. Back then 281 00:15:24,680 --> 00:15:27,920 Speaker 1: we had a global age just over a hundred years ago. 282 00:15:28,000 --> 00:15:31,120 Speaker 1: But go back to we're at the end of the 283 00:15:31,120 --> 00:15:35,920 Speaker 1: first great age of globalization, far far freer in many 284 00:15:35,920 --> 00:15:39,200 Speaker 1: ways than the world in which we business people operate. Now. 285 00:15:39,400 --> 00:15:42,440 Speaker 1: You could move capital, you could move people, you could 286 00:15:42,440 --> 00:15:45,360 Speaker 1: move goods around the world much more easily. You didn't 287 00:15:45,400 --> 00:15:47,960 Speaker 1: need a passport. And there's a famous bit of John 288 00:15:48,000 --> 00:15:51,680 Speaker 1: Mayne Kens where he imagines a Londoner sitting there ordering 289 00:15:51,720 --> 00:15:54,640 Speaker 1: things from around the world, thinking this world is going 290 00:15:54,720 --> 00:15:56,720 Speaker 1: to go on forever, and failing to notice at the 291 00:15:56,720 --> 00:16:00,520 Speaker 1: bottom of his newspaper a little headline about Sarajevo. And 292 00:16:00,560 --> 00:16:03,160 Speaker 1: I think many of us, yes, we've gone through COVID, 293 00:16:03,160 --> 00:16:05,000 Speaker 1: we've seen all these things. In many ways, we have 294 00:16:05,080 --> 00:16:07,920 Speaker 1: fewer excuses in that londoner you get back a couple 295 00:16:07,960 --> 00:16:10,840 Speaker 1: of months ago. Most business people, I think we're counting 296 00:16:10,880 --> 00:16:14,760 Speaker 1: on the world still continuing generally to open up. And 297 00:16:14,920 --> 00:16:17,840 Speaker 1: that is the big danger, I think, the big economic 298 00:16:17,920 --> 00:16:22,520 Speaker 1: danger from Ukraine that accelerates already what's happening in terms 299 00:16:22,520 --> 00:16:26,800 Speaker 1: of decoupling between America and China, but more generally, every 300 00:16:26,800 --> 00:16:29,400 Speaker 1: business person around the world is now thinking about political 301 00:16:29,480 --> 00:16:32,280 Speaker 1: risk in a completely different way. Yeah, and the war 302 00:16:32,320 --> 00:16:36,040 Speaker 1: in Ukraine is more than amusement in the daily newspapers, 303 00:16:36,080 --> 00:16:38,880 Speaker 1: which is and the same, same with the same, with 304 00:16:39,000 --> 00:16:43,240 Speaker 1: the same, with the with the with the with What 305 00:16:43,280 --> 00:16:46,320 Speaker 1: happened in the First World War carnage on an untold scale. 306 00:16:46,680 --> 00:16:50,560 Speaker 1: Before that, what kine Is called the politics of militarialism 307 00:16:50,560 --> 00:16:54,520 Speaker 1: and imperialism were indeed amusements. I think people didn't really, 308 00:16:55,040 --> 00:16:57,080 Speaker 1: they didn't. They didn't see them as being the sort 309 00:16:57,120 --> 00:16:59,640 Speaker 1: of central fact of their age, and business people as well. 310 00:17:00,080 --> 00:17:01,880 Speaker 1: And I think now what has happened as we now 311 00:17:01,920 --> 00:17:05,400 Speaker 1: realize things like nationalism and all these things matter enormously. 312 00:17:05,400 --> 00:17:08,960 Speaker 1: And if you look at the make a big pretentious point, 313 00:17:09,160 --> 00:17:11,840 Speaker 1: you look at the broad sort of progress of man 314 00:17:12,520 --> 00:17:16,439 Speaker 1: in general, Economics and technology tend to win most of 315 00:17:16,440 --> 00:17:20,520 Speaker 1: the time, but there are periods, especially when globalizens sticks 316 00:17:21,280 --> 00:17:26,000 Speaker 1: pushes up for people who is discontent, There are periods 317 00:17:26,040 --> 00:17:29,680 Speaker 1: when these things like cultural things, nationalism, religion, all these 318 00:17:29,680 --> 00:17:32,800 Speaker 1: things matter more. And at this precise moment, we have 319 00:17:33,080 --> 00:17:38,240 Speaker 1: putin doing something which by any means was economically self harming, 320 00:17:38,640 --> 00:17:41,200 Speaker 1: that he did it for different reasons, and that's true 321 00:17:41,200 --> 00:17:44,240 Speaker 1: of many things around the world. Right now, you underscore 322 00:17:44,280 --> 00:17:48,640 Speaker 1: those fits and starts to integrating the global economy. Um, 323 00:17:48,680 --> 00:17:53,720 Speaker 1: it hasn't always been a great poster child for capitalism either. No, 324 00:17:54,040 --> 00:17:56,479 Speaker 1: but again I would I think if you're Joe Biden, 325 00:17:56,760 --> 00:17:58,359 Speaker 1: I think you have to sit there and you have 326 00:17:58,440 --> 00:18:02,840 Speaker 1: to make some serious decision now. Um, Yes, globalization has 327 00:18:02,880 --> 00:18:06,200 Speaker 1: had its problems, but by any measure, it's first made 328 00:18:06,240 --> 00:18:09,520 Speaker 1: the world safer. It's made the world more prosperous, and 329 00:18:09,560 --> 00:18:12,239 Speaker 1: it's made the world freer. Not in every case, in 330 00:18:12,280 --> 00:18:15,880 Speaker 1: every way, but overall it's dragged people out of poverty, 331 00:18:16,200 --> 00:18:20,080 Speaker 1: and it's pushed freedom forward. Right now, Joe Biden is 332 00:18:20,240 --> 00:18:22,920 Speaker 1: singing us one song, and that not doing what he preaches. 333 00:18:22,960 --> 00:18:25,160 Speaker 1: His song is that he wants to build an alliance 334 00:18:25,160 --> 00:18:28,200 Speaker 1: of democracies. Last year I went to Asia. You saw 335 00:18:28,280 --> 00:18:32,399 Speaker 1: Gina Romando, one of his more talented ministers, trying desperately 336 00:18:32,400 --> 00:18:36,119 Speaker 1: to get the Asians interested in sort of frameworks and 337 00:18:36,160 --> 00:18:38,800 Speaker 1: these strange words like that, and they took them for 338 00:18:38,840 --> 00:18:41,520 Speaker 1: what it was, which was meaningless. That they want free 339 00:18:41,520 --> 00:18:44,520 Speaker 1: trade deals and those are the kind of concrete that 340 00:18:44,560 --> 00:18:46,679 Speaker 1: can make these things different. And I think what Biden 341 00:18:46,720 --> 00:18:49,520 Speaker 1: needs to do is he needs to say, look, I 342 00:18:49,600 --> 00:18:52,760 Speaker 1: don't you know, union votes matter, but in the end, 343 00:18:52,800 --> 00:18:55,800 Speaker 1: the security of America matters more from the point of 344 00:18:55,880 --> 00:19:01,040 Speaker 1: view of America's long term security, cementing alliances with other 345 00:19:01,080 --> 00:19:03,920 Speaker 1: democracies around the world really really matters. And he has 346 00:19:04,080 --> 00:19:08,440 Speaker 1: right now an opportunity to remake transatlantic trade with Europe 347 00:19:08,760 --> 00:19:11,639 Speaker 1: and also to reach out across the specific And you 348 00:19:11,720 --> 00:19:14,720 Speaker 1: set up these organizations and that is the way in 349 00:19:14,800 --> 00:19:17,359 Speaker 1: which you kind of remodel globalization. You can take in 350 00:19:17,400 --> 00:19:20,520 Speaker 1: things like forcing companies to pay a bit more tax. 351 00:19:20,960 --> 00:19:24,919 Speaker 1: You can add in things like the environment. But you know, 352 00:19:25,000 --> 00:19:27,600 Speaker 1: in the end, from a liberal point of view, and 353 00:19:27,640 --> 00:19:30,159 Speaker 1: I mean liberal in the sense of the old and 354 00:19:30,280 --> 00:19:33,320 Speaker 1: better British term, the use of that phrase. From a 355 00:19:33,400 --> 00:19:36,920 Speaker 1: liberal point of view, globalization tends to do a lot 356 00:19:37,000 --> 00:19:40,240 Speaker 1: more good than bad. And the economic side of freedom 357 00:19:40,320 --> 00:19:43,240 Speaker 1: is something that Joe Biden needs to learn very quickly. 358 00:19:43,280 --> 00:19:45,399 Speaker 1: I think, as your point out there, a history is 359 00:19:45,520 --> 00:19:48,200 Speaker 1: lass and but more often than art, we don't avoid 360 00:19:48,280 --> 00:19:51,840 Speaker 1: the march of father. Are you optimistic at the moment? 361 00:19:52,080 --> 00:19:55,840 Speaker 1: I think that that whatever happens in Ukraine, Um, you know, 362 00:19:55,920 --> 00:19:57,880 Speaker 1: two things are underway which are going to be quite 363 00:19:57,880 --> 00:20:00,600 Speaker 1: difficult to stop. The first is to suddue a political 364 00:20:00,680 --> 00:20:04,679 Speaker 1: switch towards decoupling, which I think is already underway, and 365 00:20:04,720 --> 00:20:07,240 Speaker 1: from the point of view of President Gene in China, 366 00:20:07,720 --> 00:20:09,560 Speaker 1: this what is happening at the moment in terms of 367 00:20:09,560 --> 00:20:11,639 Speaker 1: the boycotts and things that the West is mounting. That 368 00:20:11,760 --> 00:20:15,359 Speaker 1: is another reason for China to turn somewhat inwards, certainly 369 00:20:15,400 --> 00:20:18,040 Speaker 1: towards Asia and setting up its own block, and that's 370 00:20:18,080 --> 00:20:21,760 Speaker 1: something that is already underway. From zero point seven five 371 00:20:21,840 --> 00:20:24,639 Speaker 1: to one point five eight percent rates subject to change. 372 00:20:25,000 --> 00:20:29,760 Speaker 1: Learn more at I b k R dot com slash compare. First, 373 00:20:29,800 --> 00:20:32,520 Speaker 1: we are a month now into Russia's invasion of Ukraine 374 00:20:32,560 --> 00:20:36,040 Speaker 1: and President Biden is in Brussels for marathon meetings with allies. 375 00:20:36,080 --> 00:20:39,840 Speaker 1: They will discuss new plans to pressure Vladimir Putin to 376 00:20:39,960 --> 00:20:43,920 Speaker 1: withdraw his forces. Bloomberg Senior reporter Mark Champion says these 377 00:20:43,920 --> 00:20:47,359 Speaker 1: meetings are crucial. It is important. We've had a month 378 00:20:47,400 --> 00:20:50,840 Speaker 1: of war now and he's going to be sitting down 379 00:20:50,920 --> 00:20:53,879 Speaker 1: with leaders that he's been talking to biphone by video 380 00:20:53,920 --> 00:20:59,080 Speaker 1: link throughout and trying to really coordinate a response. They 381 00:20:59,119 --> 00:21:02,240 Speaker 1: have to think about what happens if Russia desises to escalate. 382 00:21:02,440 --> 00:21:05,360 Speaker 1: They need to think about China. If China does come 383 00:21:05,359 --> 00:21:09,640 Speaker 1: in and support Russia, either economically or with weapon There's 384 00:21:09,640 --> 00:21:12,760 Speaker 1: a lot to talk about. Bloomberg's Mark Champion reports the 385 00:21:12,760 --> 00:21:16,000 Speaker 1: Group of Seven Nations plans to warn Vladimir Putin against 386 00:21:16,119 --> 00:21:19,320 Speaker 1: using chemical or nuclear weapons in Ukraine. That is according 387 00:21:19,320 --> 00:21:21,760 Speaker 1: to a draft statement that G seven will issue today. 388 00:21:22,119 --> 00:21:24,120 Speaker 1: At the same time, the U S and the European 389 00:21:24,200 --> 00:21:26,680 Speaker 1: Union are close to a deal to slash Europe's dependency 390 00:21:26,720 --> 00:21:29,320 Speaker 1: on Russian energy, and agreement on that could be announced 391 00:21:29,320 --> 00:21:31,760 Speaker 1: as soon as tomorrow. And stocks in Russia it's trading 392 00:21:31,760 --> 00:21:34,160 Speaker 1: for the first time in nearly a month. They're trading higher, 393 00:21:34,280 --> 00:21:37,840 Speaker 1: but under heavy restrictions. The governments allowing just two thirds 394 00:21:37,840 --> 00:21:41,440 Speaker 1: of equities to trade. Russia has also banned short selling 395 00:21:41,840 --> 00:21:46,120 Speaker 1: and restricted foreigners from exiting local equities. Turning to US 396 00:21:46,200 --> 00:21:50,440 Speaker 1: politics now, John confirmation hearings conclude today for Supreme Court 397 00:21:50,480 --> 00:21:55,320 Speaker 1: nominee Katangi Brown Jackson. Yesterday saw Jackson fend off GOP 398 00:21:55,480 --> 00:21:59,920 Speaker 1: attacks on several fronts, including her record on crime, child pornography, 399 00:22:00,160 --> 00:22:04,679 Speaker 1: and abortion. I would do what I've done for the 400 00:22:04,720 --> 00:22:12,240 Speaker 1: past decade, which is to rule from a position of neutrality, 401 00:22:12,359 --> 00:22:16,760 Speaker 1: to look carefully at the facts in the circumstances of 402 00:22:16,840 --> 00:22:21,320 Speaker 1: every case, without any agendas. The Senate Judiciary Committee plans 403 00:22:21,320 --> 00:22:24,760 Speaker 1: to vote on Jackson's nomination April four. She is expected 404 00:22:24,800 --> 00:22:28,800 Speaker 1: to be confirmed along party lines and Nathan budget plans 405 00:22:28,840 --> 00:22:32,720 Speaker 1: also center stage in Washington today, Bloomberg News has learned 406 00:22:32,720 --> 00:22:35,399 Speaker 1: the White House plans for request more than eight hundred 407 00:22:35,800 --> 00:22:40,040 Speaker 1: billion dollars in national security spending, including seven hundred seventy 408 00:22:40,080 --> 00:22:42,919 Speaker 1: three billion for the Pentagon, in the federal budget that 409 00:22:43,160 --> 00:22:46,399 Speaker 1: goes to Congress on Monday. That's an increase of thirty 410 00:22:46,400 --> 00:22:49,080 Speaker 1: one billion, or four percent, from approved spending for the 411 00:22:49,080 --> 00:22:52,480 Speaker 1: current fiscal year. That's the five things you need to 412 00:22:52,480 --> 00:22:55,960 Speaker 1: know to start your day, brought to you by Interactive Brokers. 413 00:22:56,400 --> 00:22:58,560 Speaker 1: All right, let's take a look at the markets ahead 414 00:22:58,560 --> 00:23:01,199 Speaker 1: of the open on this Thursday. Mo SMP futures are 415 00:23:01,280 --> 00:23:04,480 Speaker 1: up nineteen points down futures up a hundred nine. NASTAC 416 00:23:04,560 --> 00:23:08,000 Speaker 1: futures are higher by sixty six points. Germany's Dax is 417 00:23:08,000 --> 00:23:10,439 Speaker 1: down down six tenths of one percent. The cat in 418 00:23:10,480 --> 00:23:13,080 Speaker 1: Paris lower by four tenths percent. The ten year treasuries 419 00:23:13,119 --> 00:23:15,840 Speaker 1: down twenty four thirty seconds, the yield two point three 420 00:23:15,880 --> 00:23:18,560 Speaker 1: seven percent yield on the two year two point one 421 00:23:18,640 --> 00:23:21,399 Speaker 1: five nimex crude little changed of seven cents and a 422 00:23:21,440 --> 00:23:24,560 Speaker 1: hundred fifteen dollars. Even a barrel comes gold up four 423 00:23:24,600 --> 00:23:27,760 Speaker 1: tenths per cent or eight dollars fifty cents at nineteen 424 00:23:27,840 --> 00:23:31,600 Speaker 1: fifty one ten announced, straight ahead, real latest local headlines, 425 00:23:31,680 --> 00:23:39,200 Speaker 1: and a check of sports. This is Bloomberg. Yeah, it's 426 00:23:39,200 --> 00:23:41,720 Speaker 1: now six thirty three Wall Street. Let's bring in Michael 427 00:23:41,720 --> 00:23:43,760 Speaker 1: Barr to tell us what else is going on in 428 00:23:43,840 --> 00:23:46,840 Speaker 1: New York and around the world. John, thank you very much. 429 00:23:46,920 --> 00:23:50,439 Speaker 1: New York Comptroller Thomas Donopoli says the state will fully 430 00:23:50,480 --> 00:23:54,440 Speaker 1: divested all Russian holdings. Monopoli says, when the war broke out, 431 00:23:54,600 --> 00:23:57,800 Speaker 1: we said we were going to freeze any new investments. 432 00:23:58,280 --> 00:24:01,720 Speaker 1: This is largely in the public equity portfolio, a little 433 00:24:01,720 --> 00:24:04,240 Speaker 1: bit and fixed income. We quantified it at about a 434 00:24:04,320 --> 00:24:07,159 Speaker 1: hundred and ten million dollars, so on our basis on 435 00:24:07,200 --> 00:24:12,200 Speaker 1: a significant exposure. Controller Donopoly spoke with Bloomberg Sinali Bassett. 436 00:24:12,320 --> 00:24:15,080 Speaker 1: The search area was expanded today for the second Black 437 00:24:15,119 --> 00:24:18,480 Speaker 1: box from a China Eastern passenger jet that crashed in 438 00:24:18,560 --> 00:24:20,840 Speaker 1: southern China with a hundred three two people on board 439 00:24:20,840 --> 00:24:24,800 Speaker 1: earlier this week, off and on rain was impeding the 440 00:24:24,880 --> 00:24:28,160 Speaker 1: search for a second straight day. One of the black boxes, 441 00:24:28,200 --> 00:24:31,600 Speaker 1: believed to be the cockpit voice recorder, was found yesterday. 442 00:24:31,960 --> 00:24:36,200 Speaker 1: Investigators said it's outer casing was damaged, but the orange 443 00:24:36,240 --> 00:24:41,280 Speaker 1: cylinder was relatively intact. North Korea launched its first intercontinental 444 00:24:41,280 --> 00:24:44,680 Speaker 1: ballistic missile in more than four years. Kim John Un 445 00:24:44,760 --> 00:24:49,320 Speaker 1: abandoned a testing freeze that had underpinned an unprecedented wave 446 00:24:49,359 --> 00:24:52,840 Speaker 1: of talks with the US. The nation's first woman Secretary 447 00:24:52,880 --> 00:24:58,680 Speaker 1: of State, Madeleine Albright, has died. President Clinton chose her 448 00:24:58,720 --> 00:25:02,760 Speaker 1: well known quick wit came out during ABC interview about 449 00:25:02,760 --> 00:25:06,480 Speaker 1: her job. I loved what I did. Um. I did 450 00:25:07,000 --> 00:25:11,280 Speaker 1: sleep when I could on command. Um I didn't exercise enough. 451 00:25:11,359 --> 00:25:14,000 Speaker 1: Being Secretary of State was a very fattening job because 452 00:25:14,000 --> 00:25:18,080 Speaker 1: I was eating for my country. Former US Ambassador Thomas 453 00:25:18,160 --> 00:25:22,280 Speaker 1: Pickering about Madeline Albright's passing. I had the honor and 454 00:25:22,359 --> 00:25:25,160 Speaker 1: the pleasure of working with her as her second deputy 455 00:25:25,160 --> 00:25:29,520 Speaker 1: in the State Department as under secretary, and she was forthright. 456 00:25:29,800 --> 00:25:33,760 Speaker 1: She was always strong. She had very firm views, particularly 457 00:25:33,760 --> 00:25:38,040 Speaker 1: in Eastern Europe. Pickering spoke with Bloomberg's Joe Matthew. Albright 458 00:25:38,119 --> 00:25:41,560 Speaker 1: received the Medal of Freedom, and Adeline Albright died of 459 00:25:41,640 --> 00:25:44,960 Speaker 1: cancer at age eighty four. Government health officials are again 460 00:25:45,000 --> 00:25:47,919 Speaker 1: telling Congress, if it does not approve more COVID funding, 461 00:25:47,960 --> 00:25:51,320 Speaker 1: millions of Americans may no longer get the virus prevention 462 00:25:51,520 --> 00:25:54,520 Speaker 1: and treatment they need, they say. Without another twenty two 463 00:25:54,560 --> 00:25:58,920 Speaker 1: billion for vaccines, pills, and other treatment that's free to patients, 464 00:25:58,960 --> 00:26:01,959 Speaker 1: COVID help will vanished in the next few months. Global 465 00:26:02,000 --> 00:26:04,240 Speaker 1: News twenty four hours a day on air and on 466 00:26:04,280 --> 00:26:07,800 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalist 467 00:26:07,840 --> 00:26:10,320 Speaker 1: and analysts more than a hundred twenty countries. I'm Michael 468 00:26:10,320 --> 00:26:16,879 Speaker 1: barn This is Bloomberg, John, Michael, thank you. He's not 469 00:26:17,000 --> 00:26:18,960 Speaker 1: six thirty six on Walts Free and a side of 470 00:26:18,960 --> 00:26:21,680 Speaker 1: the Bloomberg Sports Update. Here's John stown Shower. Thanks John. 471 00:26:21,640 --> 00:26:24,680 Speaker 1: It's certainly been an unusual situation. NETS star Carrie Irving 472 00:26:24,760 --> 00:26:27,840 Speaker 1: playing only on the road due to New York's vaccine mandate. 473 00:26:27,880 --> 00:26:30,040 Speaker 1: It became really bizarre when Irving was allowed to sit 474 00:26:30,080 --> 00:26:32,800 Speaker 1: in the stands at the Nets home game that couldn't play. 475 00:26:32,840 --> 00:26:35,359 Speaker 1: That is going to now change. Mayor Adams will make 476 00:26:35,359 --> 00:26:38,960 Speaker 1: the lifting of the mandate official today oppressor at City Field. 477 00:26:38,960 --> 00:26:40,840 Speaker 1: This move also a side of relief for the Mets 478 00:26:40,840 --> 00:26:44,240 Speaker 1: and Yankees, who are both believed to have unvaccinated players. 479 00:26:44,240 --> 00:26:47,240 Speaker 1: It's a move that will significantly improve the nets chances 480 00:26:47,680 --> 00:26:49,840 Speaker 1: in the upcoming NBA playoffs. Irving has been on a 481 00:26:50,000 --> 00:26:52,840 Speaker 1: terror lately, had a fifty point game later went for 482 00:26:52,920 --> 00:26:55,600 Speaker 1: sixty last night forty three points. Kevin Duran had at 483 00:26:55,640 --> 00:26:58,840 Speaker 1: thirty five, but the Nets lost in Memphis one one 484 00:26:58,880 --> 00:27:01,800 Speaker 1: twenty the nixt one and Charlotte once one oh six. 485 00:27:01,840 --> 00:27:04,320 Speaker 1: There coach Tom Thibodau one of our best games for 486 00:27:04,359 --> 00:27:07,800 Speaker 1: the year, just in and a lot of different areas, 487 00:27:08,880 --> 00:27:12,040 Speaker 1: So it wasn't It was a challenge obviously, back to 488 00:27:12,040 --> 00:27:17,840 Speaker 1: back guys out, but I thought he had unshelfishness to 489 00:27:17,880 --> 00:27:20,200 Speaker 1: start the game, gush into a really good rhythm and 490 00:27:20,280 --> 00:27:22,840 Speaker 1: the win. Evan Foya broke John starts his Knicks record 491 00:27:22,840 --> 00:27:25,200 Speaker 1: for most three pointers in a season. Devil's lost in 492 00:27:25,240 --> 00:27:27,800 Speaker 1: Toronto three two and Tampa Yankee home runs for dj 493 00:27:27,920 --> 00:27:30,520 Speaker 1: Le Mayo Glaver Torre John Carlos stand at a seven 494 00:27:30,600 --> 00:27:33,359 Speaker 1: round one route of Baltimore. Aaron Judge and the Yanks 495 00:27:33,480 --> 00:27:38,000 Speaker 1: exchanged arbitration figures. Judge looking for twenty one million, Yanks 496 00:27:38,040 --> 00:27:40,560 Speaker 1: seventeen million. The two sides said to be at work 497 00:27:40,600 --> 00:27:43,480 Speaker 1: on a new long term deal. Tyreek Hill latest NFL 498 00:27:43,560 --> 00:27:46,600 Speaker 1: started yet traded? And what's the wild offseason? Kansas City? 499 00:27:46,640 --> 00:27:49,440 Speaker 1: Delf Hill to Miami her five draft picks and he 500 00:27:49,560 --> 00:27:51,600 Speaker 1: signed a new LUCA to deal with the Dolphins. The 501 00:27:51,680 --> 00:27:54,080 Speaker 1: Jets were in it. Chiefs Latt Hill decide where he 502 00:27:54,119 --> 00:27:57,639 Speaker 1: wanted to go. He chose Miami. John Stashward Broomberg Sports 503 00:27:57,680 --> 00:27:59,800 Speaker 1: Tom all Right, John, thanks a lot. Six thirty seven 504 00:27:59,800 --> 00:28:02,720 Speaker 1: on Wall Street. Time now to take a look at stocks, 505 00:28:02,840 --> 00:28:05,119 Speaker 1: some of the names that are moving in the pre market, 506 00:28:05,160 --> 00:28:08,400 Speaker 1: and for that we're joined by Bloomberg Radio and TV 507 00:28:08,520 --> 00:28:12,439 Speaker 1: markets correspondent critic Gupta, Yeah, absent, and the major themes 508 00:28:12,440 --> 00:28:14,760 Speaker 1: on the markets to say, let's just focus on some 509 00:28:14,760 --> 00:28:17,760 Speaker 1: some of the individual movers today. What a great idea. 510 00:28:18,200 --> 00:28:21,520 Speaker 1: Kavey Home is the one, so she told me to 511 00:28:21,600 --> 00:28:24,600 Speaker 1: say that I did I did um. John Tucker is 512 00:28:24,640 --> 00:28:28,760 Speaker 1: great at following directions fantastic. Kave Home is the one 513 00:28:29,000 --> 00:28:30,600 Speaker 1: that thing a bid a pretty big move today kb 514 00:28:30,800 --> 00:28:33,560 Speaker 1: H is your taker down just shy of four percent um, 515 00:28:33,640 --> 00:28:36,560 Speaker 1: and they didn't miss earnings. Analysts flagging lower deliveries and 516 00:28:36,560 --> 00:28:39,240 Speaker 1: supply chain disruptions. Remember kaby Home is one of those stocks. 517 00:28:39,400 --> 00:28:41,360 Speaker 1: I was doing really well in the pandemic as more 518 00:28:41,400 --> 00:28:44,160 Speaker 1: and more people were looking to um spend a lot 519 00:28:44,160 --> 00:28:46,720 Speaker 1: in home building materials and new housing starts. You really 520 00:28:46,760 --> 00:28:49,400 Speaker 1: saw that industry boom. You're seeing a little bit of 521 00:28:49,560 --> 00:28:52,480 Speaker 1: the bloom come off that rose now to the point 522 00:28:52,480 --> 00:28:57,840 Speaker 1: where you start. That's true, but apparently showing up in 523 00:28:58,040 --> 00:29:00,680 Speaker 1: their earnings once again, they didn't miss those earnings. KBH 524 00:29:00,800 --> 00:29:03,480 Speaker 1: down just shy of four percent. Some positive news though, 525 00:29:03,680 --> 00:29:07,760 Speaker 1: do you Spotify? Are you a Spotify user? I'm not 526 00:29:07,800 --> 00:29:12,760 Speaker 1: gonna say I'm a luddy, but I imagine John Tucker 527 00:29:12,800 --> 00:29:15,600 Speaker 1: with a with a record player at home. You're one 528 00:29:15,600 --> 00:29:18,160 Speaker 1: of those. Yeah, well, no, not quite that bad, but 529 00:29:18,240 --> 00:29:21,760 Speaker 1: it's it's bad. Well, Spotify, you should get into It's 530 00:29:21,760 --> 00:29:25,959 Speaker 1: pretty great. Spot Your taker up three point four percent. 531 00:29:26,320 --> 00:29:29,680 Speaker 1: It was positive on the firm's agreement with alphabets Google 532 00:29:29,720 --> 00:29:32,840 Speaker 1: to allow the company to build users directly. Analysts also 533 00:29:32,920 --> 00:29:36,640 Speaker 1: saying the sign up process becomes more straightforward for Spotify users, 534 00:29:36,800 --> 00:29:39,920 Speaker 1: and other companies like dating app operators could also benefit 535 00:29:40,000 --> 00:29:41,680 Speaker 1: longer term. This is a huge deal. I think when 536 00:29:41,720 --> 00:29:43,800 Speaker 1: a lot of people talk about apps, you don't necessarily 537 00:29:43,800 --> 00:29:46,480 Speaker 1: think about the costs that are involved. They go to 538 00:29:46,680 --> 00:29:50,720 Speaker 1: Apple or Alphabet or wherever U the app lives. So 539 00:29:50,800 --> 00:29:53,360 Speaker 1: to see that UM kind of make the process a 540 00:29:53,400 --> 00:29:56,600 Speaker 1: little bit easier definitely helps a Spotify's bottom line. Spot 541 00:29:57,000 --> 00:29:59,880 Speaker 1: those shares up over three percent in the pre market. 542 00:30:00,440 --> 00:30:02,600 Speaker 1: You also have some positive comments here coming from Nicola 543 00:30:03,080 --> 00:30:05,960 Speaker 1: n k l as your taker up a whopping nine 544 00:30:06,000 --> 00:30:09,240 Speaker 1: percent follows the analyst day, jam and Morgan also coming 545 00:30:09,240 --> 00:30:11,600 Speaker 1: out and saying that the animals there had come away 546 00:30:11,680 --> 00:30:15,600 Speaker 1: with a quote positive impression from the manufacturing site to visit, 547 00:30:15,640 --> 00:30:17,560 Speaker 1: so it was some good news in the e V space. 548 00:30:17,600 --> 00:30:19,080 Speaker 1: It seems, what do I use in the in the 549 00:30:19,480 --> 00:30:22,400 Speaker 1: um the free of Pandora, I mean, I don't pay 550 00:30:22,440 --> 00:30:25,440 Speaker 1: for it in the car, and I have to listen 551 00:30:25,440 --> 00:30:28,400 Speaker 1: to their stupid commercials. I think you can pay to 552 00:30:28,400 --> 00:30:31,200 Speaker 1: get rid of those, shell out a little extra cash. 553 00:30:31,880 --> 00:30:34,959 Speaker 1: There's the rub paying money trying to get money out 554 00:30:35,000 --> 00:30:38,320 Speaker 1: of me. It's when I opened the wallet. Well that 555 00:30:38,400 --> 00:30:45,160 Speaker 1: exploits by Christmas present, Kreny Kupta, thank you always a pleasure. 556 00:30:45,560 --> 00:30:47,480 Speaker 1: And as we look at the broader market right now, 557 00:30:47,920 --> 00:30:50,480 Speaker 1: the h we're all in the green right now for 558 00:30:50,560 --> 00:30:53,960 Speaker 1: the major indexes, Dow futures a one D ten points, 559 00:30:54,280 --> 00:30:57,080 Speaker 1: that's a three tense of a present. SMP evening futures 560 00:30:57,320 --> 00:30:59,400 Speaker 1: they're up twenty that's a four tenths of a percent 561 00:30:59,440 --> 00:31:02,360 Speaker 1: that as they interest right now seventy points higher, that's 562 00:31:02,400 --> 00:31:05,600 Speaker 1: up half a percent. And you can guess that bonds 563 00:31:05,600 --> 00:31:09,960 Speaker 1: are lower today in price tenure yield is up eight 564 00:31:10,120 --> 00:31:13,440 Speaker 1: thirty seconds, eight basis points. That should say up to 565 00:31:13,480 --> 00:31:17,640 Speaker 1: two point three seven two years. At to fifteen. You're 566 00:31:17,720 --> 00:31:22,040 Speaker 1: listening to Bloomberg Daybreak and we're brought to by ancient 567 00:31:22,080 --> 00:31:26,000 Speaker 1: accountants and advisors. Challenging times called for proactive advisors who 568 00:31:26,040 --> 00:31:29,200 Speaker 1: helped minimize taxes, increase cash flow, and create opportunities for 569 00:31:29,200 --> 00:31:37,720 Speaker 1: the future of your business. Visit ancient dot com markets, 570 00:31:37,800 --> 00:31:40,880 Speaker 1: headlines and breaking news twenty four hours a day at 571 00:31:40,920 --> 00:31:44,880 Speaker 1: Bloomberg dot com, the Bloomberg Business at and at Bloomberg Dictape. 572 00:31:45,120 --> 00:31:54,080 Speaker 1: This is a Bloomberg Business Flash. I'm Nathan Hager. US 573 00:31:54,120 --> 00:31:56,959 Speaker 1: futures are moving higher at European stocks are falling along 574 00:31:56,960 --> 00:31:59,000 Speaker 1: with bonds this morning as investor's way. The rest is 575 00:31:59,040 --> 00:32:01,840 Speaker 1: of rising inflation and the effects of the war in Ukraine. 576 00:32:01,880 --> 00:32:04,800 Speaker 1: The dollar is edging higher, and so is oil. We 577 00:32:04,920 --> 00:32:07,360 Speaker 1: checked the markets every fifteen minutes during the trading day 578 00:32:07,360 --> 00:32:09,920 Speaker 1: on Bloomberg. Right now, SMP futures are up twenty one 579 00:32:09,960 --> 00:32:13,239 Speaker 1: points down futures up a hundred twenty NASTACK futures up 580 00:32:13,280 --> 00:32:15,880 Speaker 1: seventy four points. The decks in Germany down six tenths 581 00:32:15,880 --> 00:32:17,720 Speaker 1: of one percent. The CACK in Paris is lower by 582 00:32:17,720 --> 00:32:20,479 Speaker 1: three tenths per cent. The tenure Treasury is down twenty 583 00:32:20,560 --> 00:32:23,040 Speaker 1: three thirty seconds. The yield two point three seven percent, 584 00:32:23,360 --> 00:32:25,880 Speaker 1: yield on the two year two point one five percent. 585 00:32:26,280 --> 00:32:28,640 Speaker 1: I'm x scruge little change to higher, up four cents 586 00:32:28,640 --> 00:32:30,840 Speaker 1: at a hundred fourteen dollars ninety five cents of barrel. 587 00:32:31,080 --> 00:32:33,640 Speaker 1: Comics gold is up four tenths per cent or seven 588 00:32:33,680 --> 00:32:36,400 Speaker 1: dollar sixty cents at nineteen fifty twenty and ounce. The 589 00:32:36,400 --> 00:32:39,360 Speaker 1: euro one point zero nine five against the dollar, British 590 00:32:39,360 --> 00:32:41,840 Speaker 1: pound one point three one nine two. The end is 591 00:32:41,880 --> 00:32:45,320 Speaker 1: at one point six four checking Bitcoin up one point 592 00:32:45,320 --> 00:32:48,120 Speaker 1: seven percent, trading right around forty three thousand dollars. That's 593 00:32:48,120 --> 00:32:51,160 Speaker 1: a Bloomberg business flash. And now here's Michael Bark with 594 00:32:51,200 --> 00:32:53,560 Speaker 1: more on what's going on around the world. Michael, thank 595 00:32:53,600 --> 00:32:55,960 Speaker 1: you very much, Nathan. President Joe Biden is sent to 596 00:32:56,000 --> 00:32:59,200 Speaker 1: meet Allies and Brussels to discuss ways to pressure Russian 597 00:32:59,240 --> 00:33:03,040 Speaker 1: President lad Mere Putin to withdraw forces from Ukraine. It 598 00:33:03,160 --> 00:33:05,680 Speaker 1: comes as the Group of G seven leaders say they 599 00:33:05,680 --> 00:33:09,320 Speaker 1: will use their economic powers to warn Russian President Putin 600 00:33:09,360 --> 00:33:13,160 Speaker 1: against using chemical or nuclear weapons. New York City Mayor 601 00:33:13,280 --> 00:33:16,440 Speaker 1: Eric Adams will announce today that he's exempting athletes and 602 00:33:16,520 --> 00:33:20,600 Speaker 1: performers from the city's vaccine mandate for private workers. The 603 00:33:20,640 --> 00:33:23,960 Speaker 1: move will allow Brooklyn netstar Kyrie Irving to play home 604 00:33:24,000 --> 00:33:27,960 Speaker 1: games and let unvaccinated baseball players take the field when 605 00:33:28,000 --> 00:33:31,680 Speaker 1: their season begins NBA games. The Nets lost the Nix 606 00:33:31,760 --> 00:33:35,000 Speaker 1: and Celtics one in the NHL. The Devil's Lost. Global 607 00:33:35,000 --> 00:33:37,320 Speaker 1: News twenty four hours a day on air and on 608 00:33:37,360 --> 00:33:41,080 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists 609 00:33:41,080 --> 00:33:44,240 Speaker 1: and analysts, and more than one hundred twenty countries. Michael Bart, 610 00:33:44,320 --> 00:33:47,120 Speaker 1: this is Bloomberg. Nathan. Okay, Michael, thank you. Where at 611 00:33:47,200 --> 00:33:50,200 Speaker 1: sixty nine on Wall Street. Let's turn now to news 612 00:33:50,320 --> 00:33:52,800 Speaker 1: in science and technology. The Bloomberg n j I T 613 00:33:52,960 --> 00:33:55,720 Speaker 1: STEM Report is brought to you by New Jersey Institute 614 00:33:55,760 --> 00:33:58,360 Speaker 1: of Technology. Ranked in the top two percent nationally for 615 00:33:58,440 --> 00:34:01,080 Speaker 1: alumni mid career earnings and number one in the nation 616 00:34:01,160 --> 00:34:04,040 Speaker 1: for student upward economic mobility. More at n j I 617 00:34:04,160 --> 00:34:06,680 Speaker 1: T DOT E d U and now here's what's making 618 00:34:06,680 --> 00:34:10,720 Speaker 1: news and science, Technology, engineering, and math. Black Rock CEO 619 00:34:10,840 --> 00:34:13,719 Speaker 1: Larry Fink says the invasion of Ukraine has the potential 620 00:34:13,760 --> 00:34:17,000 Speaker 1: to speed the global shift to green energy. Fink says 621 00:34:17,120 --> 00:34:19,840 Speaker 1: it may also do the same for digital currencies. He 622 00:34:19,880 --> 00:34:23,000 Speaker 1: made those observations in his annual letter to shareholders in 623 00:34:23,040 --> 00:34:26,239 Speaker 1: the world's largest money manager. In the first full year 624 00:34:26,280 --> 00:34:29,279 Speaker 1: of the pandemic, the New York, Los Angeles, San Francisco, 625 00:34:29,360 --> 00:34:33,400 Speaker 1: and Chicago metro areas had the greatest population losses in 626 00:34:33,440 --> 00:34:37,760 Speaker 1: the nation. Census Bureau data show Sun Belt metros like Dallas, Phoenix, 627 00:34:37,760 --> 00:34:41,239 Speaker 1: and Houston had the biggest gains. The exodus from the 628 00:34:41,239 --> 00:34:44,360 Speaker 1: biggest US metros was led by New York, which lost 629 00:34:44,400 --> 00:34:48,560 Speaker 1: almost three twenty eight thousand residents and UBS will allow 630 00:34:48,640 --> 00:34:51,440 Speaker 1: some of its US employees to work remotely full time, 631 00:34:51,840 --> 00:34:54,400 Speaker 1: offering flexibility to his staff as the bank seeks to 632 00:34:54,480 --> 00:34:57,560 Speaker 1: lure and retain talent. The Swiss firm expects about ten 633 00:34:57,600 --> 00:35:00,400 Speaker 1: to fifteen percent of its American workers to go remote 634 00:35:00,400 --> 00:35:03,160 Speaker 1: as the program is implemented in phases A while more 635 00:35:03,200 --> 00:35:06,880 Speaker 1: than will be in hybrid roles. That's the Bloomberg and 636 00:35:06,960 --> 00:35:09,600 Speaker 1: j I T Stem report. John, all right, I thin, 637 00:35:09,640 --> 00:35:12,520 Speaker 1: thanks you. We're live for the Bloomberg Interactive Broker's studios 638 00:35:12,520 --> 00:35:16,880 Speaker 1: where it is six fifty um Wall Street. President Biden 639 00:35:16,960 --> 00:35:20,320 Speaker 1: meeting with allies in Brussels to discuss ramping up pressure 640 00:35:20,400 --> 00:35:24,360 Speaker 1: on Russia and Bloomberg's and Marie Horduring is traveling with 641 00:35:24,480 --> 00:35:26,839 Speaker 1: the President. Joins us. Now and Marie, thanks for being 642 00:35:26,880 --> 00:35:29,960 Speaker 1: back with us. Uh. This is more than just a 643 00:35:30,000 --> 00:35:36,439 Speaker 1: photo opportunity, isn't it It is it's an extraordinary NATO meeting. 644 00:35:36,480 --> 00:35:38,600 Speaker 1: Usually these meetings take months to prepare. This one has 645 00:35:38,640 --> 00:35:41,160 Speaker 1: pulled together in about a week. But it's three summits 646 00:35:41,200 --> 00:35:44,040 Speaker 1: back to back NATO g seventh Summit, and then the 647 00:35:44,080 --> 00:35:46,640 Speaker 1: President will go on to also at the European Union, 648 00:35:46,680 --> 00:35:48,759 Speaker 1: which in itself is quite extradinary. You don't normally see 649 00:35:48,800 --> 00:35:52,200 Speaker 1: the US president over at the European Parliament. UM. We 650 00:35:52,280 --> 00:35:55,200 Speaker 1: already seen a draft of what to expect in terms 651 00:35:55,239 --> 00:35:57,360 Speaker 1: of the G seven and they will condemn in the 652 00:35:57,400 --> 00:36:00,640 Speaker 1: harshest terms and really warned President Putin about the use 653 00:36:00,640 --> 00:36:04,120 Speaker 1: of chemical and biological weapons. They will also threaten more 654 00:36:04,280 --> 00:36:08,479 Speaker 1: severe sanctions. But at the moment there's very much so 655 00:36:08,600 --> 00:36:12,120 Speaker 1: a big question mark on how far the allies can 656 00:36:12,160 --> 00:36:15,480 Speaker 1: go given the one area that has yet to be 657 00:36:15,560 --> 00:36:18,759 Speaker 1: sanctioned is really the lifeblood of the Russian economy, and 658 00:36:18,760 --> 00:36:21,680 Speaker 1: that is oil and gas and that dependence Europe has 659 00:36:21,719 --> 00:36:25,200 Speaker 1: on it, and that raises the question just how united 660 00:36:25,360 --> 00:36:29,319 Speaker 1: is this united Front against Vladimir Putin and Russia when 661 00:36:29,320 --> 00:36:35,120 Speaker 1: it comes to energy, right, And Jake Sullivan said, there's 662 00:36:35,160 --> 00:36:36,960 Speaker 1: there's not going to be back and forth in a 663 00:36:37,040 --> 00:36:39,640 Speaker 1: lot of pressure this week in terms of sanctions on energy, 664 00:36:39,880 --> 00:36:42,440 Speaker 1: but there will be a conversation on how the United 665 00:36:42,480 --> 00:36:45,759 Speaker 1: States can aid Europe in terms of energy security, and 666 00:36:45,840 --> 00:36:48,759 Speaker 1: we've already seen Europe make a number of moves on this. 667 00:36:49,239 --> 00:36:53,680 Speaker 1: One was Robert Habeck, the German Economy minister in Cutter 668 00:36:53,800 --> 00:36:57,640 Speaker 1: over the weekend. But talking about l en G supplies now, 669 00:36:57,640 --> 00:37:00,319 Speaker 1: at the moment, Germany doesn't even have lleng term alls. 670 00:37:00,600 --> 00:37:03,160 Speaker 1: This would be a complete one eight of their entire 671 00:37:03,200 --> 00:37:05,960 Speaker 1: infrastructure and how they heat their homes and put the 672 00:37:06,040 --> 00:37:08,359 Speaker 1: lights on um. But you can see what they are 673 00:37:08,400 --> 00:37:11,960 Speaker 1: trying to do is really loosen that dependence. And something 674 00:37:12,360 --> 00:37:14,759 Speaker 1: Haboc had said in Doha was we might still need 675 00:37:14,840 --> 00:37:17,680 Speaker 1: rushing gas this year, but not in the future. It 676 00:37:17,840 --> 00:37:21,680 Speaker 1: starts like this, so he who has ears should start 677 00:37:21,800 --> 00:37:24,160 Speaker 1: to listen. And that was a veiled threat at President 678 00:37:24,160 --> 00:37:28,040 Speaker 1: Putin and the Kremlin's NATO moving more troops just on 679 00:37:28,080 --> 00:37:30,640 Speaker 1: the military front. Can can you go over that to 680 00:37:30,760 --> 00:37:37,480 Speaker 1: the redeploying. Well, what you can expect and this is 681 00:37:37,480 --> 00:37:40,400 Speaker 1: what Yen Sultanberg said, and he's the NATO Secretary General, 682 00:37:40,520 --> 00:37:44,280 Speaker 1: is a strengthening of posture in all domains with major 683 00:37:44,360 --> 00:37:47,720 Speaker 1: increases of the NATO front on the eastern flank, um, 684 00:37:47,760 --> 00:37:50,960 Speaker 1: on land, air and see. But the president has made 685 00:37:51,239 --> 00:37:53,799 Speaker 1: very clear a number of times he does not want 686 00:37:53,800 --> 00:37:57,439 Speaker 1: to send American soldiers into Ukraine, but he has said 687 00:37:57,480 --> 00:38:00,560 Speaker 1: he will defend NATO territory that as of course, if 688 00:38:00,640 --> 00:38:04,120 Speaker 1: NATO NATO country was attacked Article five, the US and 689 00:38:04,160 --> 00:38:06,560 Speaker 1: all NATO allies would step in to defend that land. 690 00:38:07,040 --> 00:38:10,880 Speaker 1: And what about the supply of military aid to to 691 00:38:11,120 --> 00:38:17,000 Speaker 1: Ukraine from NATO. What's happening on that front? Well, already 692 00:38:17,040 --> 00:38:20,120 Speaker 1: seeing a number of the recent military aid and the 693 00:38:20,160 --> 00:38:22,440 Speaker 1: money the United States has put towards that now starting 694 00:38:22,480 --> 00:38:26,320 Speaker 1: to be delivered through Ukraine. Um, you can potentially expect 695 00:38:27,120 --> 00:38:30,799 Speaker 1: more countries coming to the coming to the help of 696 00:38:30,880 --> 00:38:33,359 Speaker 1: Ukraine when it comes to military aid this week, it's 697 00:38:33,360 --> 00:38:36,120 Speaker 1: one of the items agenda items that will be discussed. 698 00:38:36,480 --> 00:38:38,719 Speaker 1: But already the United States and a number of their 699 00:38:38,760 --> 00:38:42,840 Speaker 1: allies has spent billions of dollars in military aid to Ukraine, 700 00:38:42,840 --> 00:38:45,400 Speaker 1: and I imagine that will continue, especially when you have 701 00:38:45,680 --> 00:38:49,760 Speaker 1: President Vladimir z Lensky addressing the NATO summit today virtually 702 00:38:50,480 --> 00:38:55,200 Speaker 1: and the President Biden has warned the certain areas of 703 00:38:55,239 --> 00:39:02,480 Speaker 1: potential escalation by Vladimir Putin. What do we know about that? Well, 704 00:39:02,480 --> 00:39:04,400 Speaker 1: the President when he was leaving the White House and 705 00:39:04,640 --> 00:39:07,920 Speaker 1: route to Air Force one to come over to Brussels, 706 00:39:08,320 --> 00:39:10,920 Speaker 1: was asked about how high of a threat is the 707 00:39:11,000 --> 00:39:13,680 Speaker 1: use of chemical or biological weapons, and he said he 708 00:39:13,719 --> 00:39:16,279 Speaker 1: thinks that threat is very high. The United States has 709 00:39:16,360 --> 00:39:18,640 Speaker 1: really talked about this over the course of the last 710 00:39:18,640 --> 00:39:21,479 Speaker 1: few weeks that they're concerned and that the world should 711 00:39:21,520 --> 00:39:25,839 Speaker 1: be aware that Russia could stage a false flag operation 712 00:39:26,000 --> 00:39:30,000 Speaker 1: and then go ahead and use chemical biological weapons. We 713 00:39:30,040 --> 00:39:33,720 Speaker 1: should note that a ally of President Putin and Syria, 714 00:39:33,840 --> 00:39:37,360 Speaker 1: bhar Al Assad, where Putin was providing air cover in Syria, 715 00:39:38,080 --> 00:39:41,600 Speaker 1: use and reverted to chemical weapons. Also, the Russian state, 716 00:39:41,719 --> 00:39:46,279 Speaker 1: according to UH number of intelligence agencies, use novn chalk 717 00:39:46,520 --> 00:39:49,719 Speaker 1: in Salisbury the United Kingdom. So this is something that 718 00:39:49,880 --> 00:39:53,480 Speaker 1: leaders here do not think is beyond the realm of 719 00:39:53,480 --> 00:39:57,680 Speaker 1: what Putin is willing to do, especially as the Kremlin 720 00:39:57,760 --> 00:40:02,040 Speaker 1: noted that this was supposed to be a quicker military 721 00:40:02,120 --> 00:40:04,479 Speaker 1: operation what they would call it. Obviously, it's a war 722 00:40:04,960 --> 00:40:09,120 Speaker 1: um that is dragging out. Is the president of Ukraine 723 00:40:09,120 --> 00:40:11,840 Speaker 1: getting everything he wants and what is he expected to 724 00:40:11,880 --> 00:40:17,480 Speaker 1: say when he speaks to European leaders? Virtually not just yet, 725 00:40:17,520 --> 00:40:19,440 Speaker 1: He's not getting everything he wants. We know that the 726 00:40:19,520 --> 00:40:23,960 Speaker 1: one thing Ukraine continues to ask for is air support, 727 00:40:24,120 --> 00:40:26,440 Speaker 1: and they want to close the skies in Ukraine. A 728 00:40:26,480 --> 00:40:29,120 Speaker 1: new fly zone. But the United States, a number of 729 00:40:29,200 --> 00:40:31,920 Speaker 1: NATO allies say that that's just not possible because that 730 00:40:31,960 --> 00:40:37,600 Speaker 1: would mean these allies fighting directly against Russian in the skies, 731 00:40:37,680 --> 00:40:40,200 Speaker 1: and they say that could lead to a World War three, 732 00:40:40,200 --> 00:40:42,600 Speaker 1: as President Biden has put in, and as we know, 733 00:40:42,719 --> 00:40:47,879 Speaker 1: NATO's a defensive organization, not an offensive organization, and such 734 00:40:47,920 --> 00:40:50,120 Speaker 1: a thing with a no fly zone that would be 735 00:40:50,160 --> 00:40:54,360 Speaker 1: considered offensive. I guess right. I think I lost them, 736 00:40:54,400 --> 00:40:57,080 Speaker 1: all right, And Marie thanks a lot of appreciated Bloomberg's 737 00:40:57,120 --> 00:41:01,120 Speaker 1: and Marie hor Duran reporting outside that NATO headquarters there 738 00:41:01,239 --> 00:41:05,640 Speaker 1: in Brussels. Thanks very much. Nathan, Okay, John, thank you. 739 00:41:06,040 --> 00:41:09,759 Speaker 1: It's six fifty six on Wall Street. This is Bloomberg Daybreak. 740 00:41:09,880 --> 00:41:13,120 Speaker 1: March is Women's History Month, and every day this month 741 00:41:13,120 --> 00:41:16,600 Speaker 1: we're celebrating significant moments in women's history. And now with 742 00:41:16,680 --> 00:41:21,480 Speaker 1: your installment for March, here's Bloomberg's Renida Young on this 743 00:41:21,600 --> 00:41:26,040 Speaker 1: day in Women's History. In Shannon Lucid becomes the first 744 00:41:26,120 --> 00:41:29,960 Speaker 1: female US astronaut to live aboard a space station. She 745 00:41:30,120 --> 00:41:32,799 Speaker 1: entered the Russian space station near from the U S 746 00:41:32,800 --> 00:41:36,720 Speaker 1: Space Shuttle Atlantis, and while on board the mirror Lucid 747 00:41:36,719 --> 00:41:40,759 Speaker 1: helped complete several physical science and life science experiments. She 748 00:41:40,840 --> 00:41:43,439 Speaker 1: returned to Earth on September twenty six of that year 749 00:41:43,800 --> 00:41:47,000 Speaker 1: after completing her fifth mission. Lucid had logged more than 750 00:41:47,040 --> 00:41:50,600 Speaker 1: two hundred twenty three days in space. She received her 751 00:41:50,600 --> 00:41:54,480 Speaker 1: Bachelor of Science degree in chemistry from the University of Oklahoma. 752 00:41:54,800 --> 00:41:57,040 Speaker 1: Then she earned a Masters of Science and Doctor of 753 00:41:57,080 --> 00:42:01,360 Speaker 1: Philosophy in biochemistry. That's today in women's history. I'm gon 754 00:42:01,560 --> 00:42:04,520 Speaker 1: need a young Bloomberg radio Okay redy to thank you 755 00:42:04,600 --> 00:42:07,840 Speaker 1: right now. SMP futures are up twenty points ahead of 756 00:42:07,840 --> 00:42:10,200 Speaker 1: the open this Thursday morning. Down futures are up a 757 00:42:10,239 --> 00:42:14,120 Speaker 1: hundred twenty. Nasdaq futures are higher by sixty nine points. 758 00:42:14,160 --> 00:42:18,479 Speaker 1: The tenure Treasury down twenty seven thirty seconds, the yield 759 00:42:18,560 --> 00:42:21,799 Speaker 1: two point three nine percent. As the bond sell off continues. 760 00:42:21,880 --> 00:42:23,759 Speaker 1: The yield on the two year is at two point 761 00:42:23,800 --> 00:42:27,480 Speaker 1: one six percent. Nimex crewed now down two tenths percent, 762 00:42:27,600 --> 00:42:30,200 Speaker 1: or eighteen cents at a hundred fourteen dollars seventy five 763 00:42:30,200 --> 00:42:32,759 Speaker 1: cents a barrel. Comics Gold up three tenths per cent, 764 00:42:32,840 --> 00:42:35,719 Speaker 1: or six dollars even at ninety eight sixty announced in 765 00:42:35,760 --> 00:42:37,920 Speaker 1: the euro right now one point zero nine eight nine 766 00:42:37,960 --> 00:42:41,120 Speaker 1: against the dollar. Bloomberg Surveillance up next with Tom Keene, 767 00:42:41,160 --> 00:42:46,000 Speaker 1: Jonathan Farrell, and Lisa Abramowitz for John Tucker. I'm Nathan Haberry. 768 00:42:46,160 --> 00:42:47,799 Speaker 1: This is Bloomberg