Speaker 1: Live from the Bloomberg Interactive Brokers studios. This is Bloomberg
Speaker 1: day Break for Thursday, March two. Coming up this hour,
Speaker 1: President Blyden meets with Allies and Brussels to discuss ramping
Speaker 1: up pressure on Russia. The US and EU close in
Speaker 1: on a deal to slash Europe's dependency on Russian energy,
Speaker 1: and Supreme Court nominee Katashi Brown Jackson fends off a
Speaker 1: barrage of attacks that are confirmation hearings. State Comptroller Monopoli
Speaker 1: says New York will fully divest all Russian holdings. Plus
Speaker 1: tributes continue for former Secretary of State medal In Albrey.
Speaker 1: I'm Michael bar more Ahead, I'm John Stashtward Sports New
Speaker 1: York City is dropping the vaccine mandate that prevented Gyrie
Speaker 1: Irving from playing home games. The Nets lost in Memphis,
Speaker 1: the nixt one in chart Room. That's all straight ahead
Speaker 1: on Bloomberg day Break on Bloomberg Elementary on New York,
Speaker 1: Bloomberg N one, Washington, d C, Bloomberg one, O six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius XM one nineteen, and
Speaker 1: around the world on Bloomberg Radio Dot Com and via
Speaker 1: the Bloomberg Business At good morning, I'm Nathan Hagar and
Speaker 1: I'm John Tucker. Bloomberg Day Break being brought to you
Speaker 1: by Interactive Brokers Simple id b k R Global Trader
Speaker 1: app deposited your local currency trade stocks in the US,
Speaker 1: Europe and Asia. Start your free trial at i b
Speaker 1: k R dot com. Slash Global Trader futures are moving
Speaker 1: higher this morning. It is six oh one on Wall
Speaker 1: Street and we checked the markets every fifteen minutes during
Speaker 1: the trading day. On Bloomberg SMP futures are up twenty
Speaker 1: three points, Staff futures up a hundred twenty seven, Nastack
Speaker 1: futures higher by eighty seven points. The tenure treasury is
Speaker 1: down twenty thirty seconds, the yield two point three six
Speaker 1: The yield on the two year John is at two
Speaker 1: point one four percent. And Nathan, we begin with the
Speaker 1: wars that reaches the one month mark. President Biden meets
Speaker 1: with Allies and Brussels today to discuss ramping up pressure
Speaker 1: on Vladimir Putin to withdraw forces from Ukraine. New sanctions
Speaker 1: among the options on the table. Details from Bloomberg's head Baxter,
Speaker 1: along with the show ups solidarity. The US wants some
Speaker 1: even stiffer penalties placed on Russia, and National Security Advisor
Speaker 1: Jake Sullivan says enforcement is very important to agree on
Speaker 1: an initiative to coordinate on sanctions enforcement so that Russian
Speaker 1: efforts to evade the sanctions or other country's effort to
Speaker 1: help Russia evade the sanctions can be dealt with effectively
Speaker 1: and in a coordinated fashion. Sullivan says, as well, China
Speaker 1: will be a major concern. NATO, G seven and the
Speaker 1: EU meetings today in San Francisco. I'm at Baxter Bloomberg
Speaker 1: day break and ended the G seven meeting. The nation's
Speaker 1: planned to warn Vladimir Putin against using chemical or nuclear
Speaker 1: weapons in Ukraine. That as according to a draft statement
Speaker 1: the group will issued today. At the same time, US
Speaker 1: and EU are close to a dealt as slash arabs
Speaker 1: dependency on Russian energy. Let's go live to London get
Speaker 1: the very latest on that from Bloomberg's Max Ramsey. Good morning, Max,
Speaker 1: Morning to you, John and Nathan. Yes, what we're hearing
Speaker 1: is that, as soonest tomorrow, the Biden administration and Europe's
Speaker 1: leaders could agree a deal to demand for Russian energy.
Speaker 1: What would this involved well, and official familiar with the
Speaker 1: plans tells us the intention is around supplying American natural
Speaker 1: gas and hydrogen to Europe. It's high up on the
Speaker 1: agenda as Biden meets with Native and European leaders throughout
Speaker 1: the day, and it's seen as an important step in
Speaker 1: their efforts to isolate Moscow over the invasion of Ukraine.
Speaker 1: Live in London, Max Ramsey bloom Back day break. Thanks Max,
Speaker 1: Russia's stock market open for the first time in nearly
Speaker 1: a month. The country's benchmarket index rose as much as
Speaker 1: twelve percent enter Moscow stepped in with support measures. The
Speaker 1: government's allowing just two thirds of the stocks of the
Speaker 1: exchange to trade, and that's just for a short and
Speaker 1: four hour session. Russia also banned short selling and restricted
Speaker 1: foreigners from exiting local equities. That's on top of a
Speaker 1: pledge to prop up the stock market with a ten
Speaker 1: billion dollar alright, John, Energy markets remain in focus as
Speaker 1: well as the war in Ukraine's sparks volatility, and a
Speaker 1: couple of Wall Street titans are speaking out now on
Speaker 1: US energy policy. We get the details from Bloomberg's Lisa Mateo,
Speaker 1: source of sg P Morgan Chase CEO Jamie Diamond is
Speaker 1: telling President Biden he needs a martial plan for developing
Speaker 1: more domestic natural gas. That was at a White House
Speaker 1: meeting on Monday. According to sources, Diamond urged the White
Speaker 1: House to reduce the time needed to obtain permits for
Speaker 1: renewable energy projects such as wind farms. Diamond also spoke
Speaker 1: about the need for more short term investment in oil
Speaker 1: and gas despite longer term climate goals. At the same time,
Speaker 1: Black Rock CEO Larry Fink says the invasion of Ukraine
Speaker 1: has the potential to speed up the global shift to
Speaker 1: green energy. He says it could also do the same
Speaker 1: thing for digital currencies, as from Fink's annual letter to
Speaker 1: shareholders in New York. I'm Lisa Matteo Bloomberg Daybreak as Lucid.
Speaker 1: The White House also working on its budget plans right now.
Speaker 1: Bloomberg News has learned President Biden plans to request more
Speaker 1: than eight hundred billion dollars in national security spending, including
Speaker 1: seven hundred seventy three billion for the Pentagon that in
Speaker 1: the fellow budget he'll send a Congress on Monday. That's
Speaker 1: an increase of thirty one million dollars or four percent
Speaker 1: from approved spending for the current fiscal year. Another major
Speaker 1: story we continue to follow. John brings us back to
Speaker 1: Capitol Hill, where Supreme Court confirmation hearings wrap up today
Speaker 1: for Judge Kitangi Brown Jackson. Yesterday, Jackson fended off an
Speaker 1: orchestrated barrage of Republican attacks on her record as things
Speaker 1: got tense among members of the committee. Amy Morris has
Speaker 1: details from our Bloomberg newsroom in Washington, Republican Senator Lindsey
Speaker 1: Graham voted to confirm Jackson less than a year ago,
Speaker 1: but had a sharp exchange with her over sentencing in
Speaker 1: child pornography cases. I think the best way to a
Speaker 1: crime when it comes to child pornography is you lure
Speaker 1: the bloom on anybody who goes on the Internet and
Speaker 1: pulls out these images for their pleasure. Senator, every person
Speaker 1: in all of these UH charts and documents I sent
Speaker 1: to jail committee Chartick Durbin accused Senator Ted Cruz of
Speaker 1: not allowing Jackson to answer the question. Chairman Durbin, I've
Speaker 1: never seen the chairman refused to allow a witness to
Speaker 1: answer a question. You can bang it as loud as
Speaker 1: you want. I can just tell you at some point
Speaker 1: you have to follow the rule. An emotional Senator Cory
Speaker 1: Booker defended Jackson, saying the GOP allegations are without marriage.
Speaker 1: You have earned this spot. You are worthy, You are
Speaker 1: a great American. Jackson's nomination will likely end up in
Speaker 1: a party line deadlock, but that's not likely to stop
Speaker 1: Democrats from confirming her as the first black woman to
Speaker 1: the Supreme Court in Washington. I'm anymore as Bloomberg Daybreak,
Speaker 1: Thanks Amy. Turning to the economy right now, the calls
Speaker 1: for a fifty point fifty basis point rate high Cathy,
Speaker 1: next Federal Reserve meeting of growing louder markets pricing at
Speaker 1: a rate increase at every Central Bank meeting this year,
Speaker 1: we call up with San Francisco FED President Mary Daly.
Speaker 1: I will absolutely um confirm what you know. Jay. Chair
Speaker 1: Powell's confirmed for himself, which is that I have everything
Speaker 1: on the table right now. If we need to do
Speaker 1: fifty fifties, what we'll do. If we need to do
Speaker 1: twenty five and balance sheet, that's what we'll do. But
Speaker 1: the data will help us determine how much is necessary.
Speaker 1: San Francisco reread the president at Mary daily making the
Speaker 1: comments in an interview with Bloomberg's Michael McKee. The Central
Speaker 1: Bank's next policy decision comes on May fourth, ahead of
Speaker 1: the open on Wall Street. This morning, John s and
Speaker 1: p Futures are up twenty two points. Staff Future are up,
Speaker 1: Nastac features hired by eighty four points. Straight ahead. You
Speaker 1: l like its local headlines in the check of sports.
Speaker 1: This is Bloomberg and it's now six o seven on
Speaker 1: Wall Street. Let's bring in Michael Barne Dow to find
Speaker 1: out what else is going on in New York end
Speaker 1: around the world, John, thank you very much, sir. New
Speaker 1: York State Comptroller Thomas Donopoli says New York will fully
Speaker 1: divest all Russian holdings. Dinopoly spoke with Bloomberg's and Allie
Speaker 1: Bassek when the war broke out. We said we're going
Speaker 1: to freeze any new investments, and we were making an
Speaker 1: assessment of what we considered to be the risk of
Speaker 1: the portfolio if we continued to be invested. State Comptroller
Speaker 1: Donopoly says it's largely in the public equity portfolio, a
Speaker 1: little bit in fixed income quantified in about one and
Speaker 1: ten million dollars. Chinese state media say that The search
Speaker 1: area is being expanded for the second black box from
Speaker 1: a China Eastern passenger plane that crashed in southern China
Speaker 1: with a hundred thirty two people on board earlier this week.
Speaker 1: One of the black boxes was found yesterday. Secretary of
Speaker 1: Health and Human Services, how Your Sarah warns Congress that
Speaker 1: funds to fight COVID have already run out. The fund
Speaker 1: Congress established to reimburse doctors and other medical providers for
Speaker 1: COVID care for Americans, in particular, the uninsured, is no
Speaker 1: longer accepting new claims for pro from providers for testing
Speaker 1: or for treatment services. Secretary of Sara at the White
Speaker 1: House COVID nineteen Response Team press conference says if Congress
Speaker 1: does not approve more COVID funding, COVID help for vaccines, pills,
Speaker 1: and other treatment will vanish. US Secretary of State Anthony B.
Speaker 1: Lincoln slam the Taliban for ditching its commitment to reopen
Speaker 1: high schools two girls at the last minute. The sudden
Speaker 1: reversal by the Taliban was met with sharp criticism from
Speaker 1: the United Nations, while B. Lincoln said it would profoundly
Speaker 1: harm the group's ability to build ties abroad. Madeline Albright,
Speaker 1: who rose to become the first female Secretary of State,
Speaker 1: has died of cancer. President Bill Clinton chose Albright as
Speaker 1: America stopped diplomat. In Former U S Ambassador Thomas Pickering
Speaker 1: spoke about Albrights she had little love, I would say
Speaker 1: for Russia, and that skepticism and indeed suspicion about Russia
Speaker 1: has proven to me more true than I think any
Speaker 1: of us had reason to believe when I worked for her.
Speaker 1: Former Ambassador Pickering spoke with Bloomberg's Joe Matthew. Inelve, President
Speaker 1: Barack Obama awarded Albright the Medal of Freedom. Madeline Albright
Speaker 1: was eighty four global news twenty four hours a day
Speaker 1: on air and on Bloomberg Quickdake, powered by more than
Speaker 1: seven hundred journalists and analyists more than a hundred twenty countries.
Speaker 1: Michael Laren, this is Bloomberg, John Michael, thank you and
Speaker 1: the Princess to six Town on Wall Street. Time down
Speaker 1: for the Bloomberg Sports update. Thanks John Carrie. Irving's Brooklyn
Speaker 1: Net season has gone from not playing at all due
Speaker 1: to his decision to not get vaccinated, to playing only
Speaker 1: in road games, but now as the NBA regular season
Speaker 1: winds down. New York City is set to lift the
Speaker 1: private sector mandate for in person work, and Irving will
Speaker 1: finally be a full time member of the team. Played
Speaker 1: last night in Memphis, scored forty three points or the
Speaker 1: Nets lost one thirty two to one twenty. Tyrie was
Speaker 1: later asked to that jumping in in the line of
Speaker 1: jumping out, you know, looking forward hopefully that could could
Speaker 1: be something we could fix, and we passed. I can't
Speaker 1: wait to talk to you guys once this is you know,
Speaker 1: something's efficient and that's expected at a Mayor Adam's mid
Speaker 1: day presser today at City Field. This also affects unvaccinated
Speaker 1: met and Yankee players, although He's still have to be
Speaker 1: vacs to play in Toronto and the Yankees have ten
Speaker 1: games there. Nix, with one of the better games of
Speaker 1: the season one oh six win at Charlotte, did it
Speaker 1: without starters Julius Randall and Mittel. Robinson's seven nicks in
Speaker 1: double figures laid by R. J. Barrett's thirty points. Devils
Speaker 1: lost in Toronto three two. N C Double A Tournament
Speaker 1: returns tonight Double Letters in San Antonio and San Francisco.
Speaker 1: That's where Duke plays Texas Tech, will Duke move on
Speaker 1: or will this be the end of Mike Tazewski's coaching career.
Speaker 1: N I T quarterfinal wins for Texas A and M
Speaker 1: at Washington State. Ron Harper Jr. Leavey Watterers journey pro.
Speaker 1: For a while yesterday looked like the Jets might be
Speaker 1: acquiring star wide out Tyree Hill from Kansas City. The
Speaker 1: Chiefs agreed to deals with the Jets and Dolphins and
Speaker 1: then let Hill decide where he wanted to go, and
Speaker 1: he chose Miami signed a four year, hundred twenty million
Speaker 1: dollar contract with them. John Stashwarer. Bloomberg Sports. John, all right,
Speaker 1: thanks a lot, John, We're still a waiting president by
Speaker 1: an address to NATO ministers in Brussels. Will bring it
Speaker 1: that to live when it happens ahead of the Cans.
Speaker 1: Show them up Wall Street down. Futures right now up
Speaker 1: one fourteen points. The SMP EVENY futures twenty one points
Speaker 1: higher than ZAC futures right now are up eighty points.
Speaker 1: You're listening to Bloomberg Daybreak. Daybreak brought you by the
Speaker 1: Jewish Community Fund. Jason, you have some doughtor advised fund
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Speaker 1: c f n Y dot org, markets headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot com,
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Speaker 1: a Bloomberg Business Lash. I'm Nathan Hager. European stocks are
Speaker 1: moving lower, Treasuries extending their slide, as well as investors
Speaker 1: way the risks of rising inflation and the impact of
Speaker 1: the war in Ukraine. We checked the markets every fifteen
Speaker 1: minutes during the trading day on bloomberg SMP futures are
Speaker 1: still higher, up nineteen points, staff futures up a hundred
Speaker 1: four dast deck futures are up sixty eight points. Germany's
Speaker 1: decks down a half percent. The hack in Paris is
Speaker 1: lower by two tenths of one percent. The ten Your
Speaker 1: treasury is down twenty four thirty seconds, with the yield
Speaker 1: two point three eight percent yield on the two year
Speaker 1: two point one five Nimex crewed down four tenths percent,
Speaker 1: or forty eight cents at a hundred fourteen dollars forty
Speaker 1: five cents a barrel. Comex called up three tenths per
Speaker 1: cent or six dollar sixty cents. In nine announced the
Speaker 1: euro one point zero nine eight three against the dollar.
Speaker 1: The yen is at one point seven two. That's a
Speaker 1: bloomberg business flash. And now here's Michael Barr with more
Speaker 1: on what's going on around the world. Michael Nathan, thank
Speaker 1: you very much. The world's leading economic power has planned
Speaker 1: to warn Russian President of Vladimir Putin against using chemical
Speaker 1: or nuclear weapons in Ukraine in a draft statement from
Speaker 1: the Group of G seven today, The leaders also planned
Speaker 1: to say that they will continue to impose severe consequences
Speaker 1: on Russia. US President Joe Biden is in Brussels for
Speaker 1: a trio of summits with NATO, the G seven, and
Speaker 1: the European Union. New York City Mayor Eric Adams will
Speaker 1: announce today that he's exempting athletes and performers from the
Speaker 1: city's vaccine mandate for private workers. The move will allow
Speaker 1: Brooklyn Nets star Kyrie Irving to play home games and
Speaker 1: let unvaccinated baseball players take the field when their season
Speaker 1: begins NBA games, The Nets lost the Nix and Celtics
Speaker 1: won in the NHL. The Devil's Lost Global News twenty
Speaker 1: four hours a day on here and on Bloomberg Quick Tank,
Speaker 1: powered by more than twenty seven hundred journalist analysts more
Speaker 1: than a hundred twenty countries at Michael barn This is Bloomberg.
Speaker 1: This is the Big Take, the best of Bloomberg's in depth,
Speaker 1: original reporting from around the globe. This is a really
Speaker 1: fascinating story that's caused a lot of outrage among investors.
Speaker 1: This is so fascinating. A market shutdown in a way
Speaker 1: it's never done before. That's gonna have consequences for years
Speaker 1: to come. The Dame Take on Bloomberg Radio and our
Speaker 1: Big Take this morning focuses on the future of globalization.
Speaker 1: The West must save globalization. This is an opinion piece
Speaker 1: co authored by John Nicko Thwaite, editor in chief of
Speaker 1: Bloomberg News Saunt. John joins us this morning from London. John,
Speaker 1: as we filled up the car in the US this morning,
Speaker 1: we griped and blamed events and far off places. More broadly,
Speaker 1: it does raise the question what's the path forward for
Speaker 1: integrating the world's economies. This the sat the first rodeo
Speaker 1: for globalization, is it? No, that's the point and very
Speaker 1: nice to um to be here. John. The the point
Speaker 1: is you go back a hundred years ago. Back then
Speaker 1: we had a global age just over a hundred years ago.
Speaker 1: But go back to we're at the end of the
Speaker 1: first great age of globalization, far far freer in many
Speaker 1: ways than the world in which we business people operate. Now.
Speaker 1: You could move capital, you could move people, you could
Speaker 1: move goods around the world much more easily. You didn't
Speaker 1: need a passport. And there's a famous bit of John
Speaker 1: Mayne Kens where he imagines a Londoner sitting there ordering
Speaker 1: things from around the world, thinking this world is going
Speaker 1: to go on forever, and failing to notice at the
Speaker 1: bottom of his newspaper a little headline about Sarajevo. And
Speaker 1: I think many of us, yes, we've gone through COVID,
Speaker 1: we've seen all these things. In many ways, we have
Speaker 1: fewer excuses in that londoner you get back a couple
Speaker 1: of months ago. Most business people, I think we're counting
Speaker 1: on the world still continuing generally to open up. And
Speaker 1: that is the big danger, I think, the big economic
Speaker 1: danger from Ukraine that accelerates already what's happening in terms
Speaker 1: of decoupling between America and China, but more generally, every
Speaker 1: business person around the world is now thinking about political
Speaker 1: risk in a completely different way. Yeah, and the war
Speaker 1: in Ukraine is more than amusement in the daily newspapers,
Speaker 1: which is and the same, same with the same, with
Speaker 1: the same, with the with the with the with What
Speaker 1: happened in the First World War carnage on an untold scale.
Speaker 1: Before that, what kine Is called the politics of militarialism
Speaker 1: and imperialism were indeed amusements. I think people didn't really,
Speaker 1: they didn't. They didn't see them as being the sort
Speaker 1: of central fact of their age, and business people as well.
Speaker 1: And I think now what has happened as we now
Speaker 1: realize things like nationalism and all these things matter enormously.
Speaker 1: And if you look at the make a big pretentious point,
Speaker 1: you look at the broad sort of progress of man
Speaker 1: in general, Economics and technology tend to win most of
Speaker 1: the time, but there are periods, especially when globalizens sticks
Speaker 1: pushes up for people who is discontent, There are periods
Speaker 1: when these things like cultural things, nationalism, religion, all these
Speaker 1: things matter more. And at this precise moment, we have
Speaker 1: putin doing something which by any means was economically self harming,
Speaker 1: that he did it for different reasons, and that's true
Speaker 1: of many things around the world. Right now, you underscore
Speaker 1: those fits and starts to integrating the global economy. Um,
Speaker 1: it hasn't always been a great poster child for capitalism either. No,
Speaker 1: but again I would I think if you're Joe Biden,
Speaker 1: I think you have to sit there and you have
Speaker 1: to make some serious decision now. Um, Yes, globalization has
Speaker 1: had its problems, but by any measure, it's first made
Speaker 1: the world safer. It's made the world more prosperous, and
Speaker 1: it's made the world freer. Not in every case, in
Speaker 1: every way, but overall it's dragged people out of poverty,
Speaker 1: and it's pushed freedom forward. Right now, Joe Biden is
Speaker 1: singing us one song, and that not doing what he preaches.
Speaker 1: His song is that he wants to build an alliance
Speaker 1: of democracies. Last year I went to Asia. You saw
Speaker 1: Gina Romando, one of his more talented ministers, trying desperately
Speaker 1: to get the Asians interested in sort of frameworks and
Speaker 1: these strange words like that, and they took them for
Speaker 1: what it was, which was meaningless. That they want free
Speaker 1: trade deals and those are the kind of concrete that
Speaker 1: can make these things different. And I think what Biden
Speaker 1: needs to do is he needs to say, look, I
Speaker 1: don't you know, union votes matter, but in the end,
Speaker 1: the security of America matters more from the point of
Speaker 1: view of America's long term security, cementing alliances with other
Speaker 1: democracies around the world really really matters. And he has
Speaker 1: right now an opportunity to remake transatlantic trade with Europe
Speaker 1: and also to reach out across the specific And you
Speaker 1: set up these organizations and that is the way in
Speaker 1: which you kind of remodel globalization. You can take in
Speaker 1: things like forcing companies to pay a bit more tax.
Speaker 1: You can add in things like the environment. But you know,
Speaker 1: in the end, from a liberal point of view, and
Speaker 1: I mean liberal in the sense of the old and
Speaker 1: better British term, the use of that phrase. From a
Speaker 1: liberal point of view, globalization tends to do a lot
Speaker 1: more good than bad. And the economic side of freedom
Speaker 1: is something that Joe Biden needs to learn very quickly.
Speaker 1: I think, as your point out there, a history is
Speaker 1: lass and but more often than art, we don't avoid
Speaker 1: the march of father. Are you optimistic at the moment?
Speaker 1: I think that that whatever happens in Ukraine, Um, you know,
Speaker 1: two things are underway which are going to be quite
Speaker 1: difficult to stop. The first is to suddue a political
Speaker 1: switch towards decoupling, which I think is already underway, and
Speaker 1: from the point of view of President Gene in China,
Speaker 1: this what is happening at the moment in terms of
Speaker 1: the boycotts and things that the West is mounting. That
Speaker 1: is another reason for China to turn somewhat inwards, certainly
Speaker 1: towards Asia and setting up its own block, and that's
Speaker 1: something that is already underway. From zero point seven five
Speaker 1: to one point five eight percent rates subject to change.
Speaker 1: Learn more at I b k R dot com slash compare. First,
Speaker 1: we are a month now into Russia's invasion of Ukraine
Speaker 1: and President Biden is in Brussels for marathon meetings with allies.
Speaker 1: They will discuss new plans to pressure Vladimir Putin to
Speaker 1: withdraw his forces. Bloomberg Senior reporter Mark Champion says these
Speaker 1: meetings are crucial. It is important. We've had a month
Speaker 1: of war now and he's going to be sitting down
Speaker 1: with leaders that he's been talking to biphone by video
Speaker 1: link throughout and trying to really coordinate a response. They
Speaker 1: have to think about what happens if Russia desises to escalate.
Speaker 1: They need to think about China. If China does come
Speaker 1: in and support Russia, either economically or with weapon There's
Speaker 1: a lot to talk about. Bloomberg's Mark Champion reports the
Speaker 1: Group of Seven Nations plans to warn Vladimir Putin against
Speaker 1: using chemical or nuclear weapons in Ukraine. That is according
Speaker 1: to a draft statement that G seven will issue today.
Speaker 1: At the same time, the U S and the European
Speaker 1: Union are close to a deal to slash Europe's dependency
Speaker 1: on Russian energy, and agreement on that could be announced
Speaker 1: as soon as tomorrow. And stocks in Russia it's trading
Speaker 1: for the first time in nearly a month. They're trading higher,
Speaker 1: but under heavy restrictions. The governments allowing just two thirds
Speaker 1: of equities to trade. Russia has also banned short selling
Speaker 1: and restricted foreigners from exiting local equities. Turning to US
Speaker 1: politics now, John confirmation hearings conclude today for Supreme Court
Speaker 1: nominee Katangi Brown Jackson. Yesterday saw Jackson fend off GOP
Speaker 1: attacks on several fronts, including her record on crime, child pornography,
Speaker 1: and abortion. I would do what I've done for the
Speaker 1: past decade, which is to rule from a position of neutrality,
Speaker 1: to look carefully at the facts in the circumstances of
Speaker 1: every case, without any agendas. The Senate Judiciary Committee plans
Speaker 1: to vote on Jackson's nomination April four. She is expected
Speaker 1: to be confirmed along party lines and Nathan budget plans
Speaker 1: also center stage in Washington today, Bloomberg News has learned
Speaker 1: the White House plans for request more than eight hundred
Speaker 1: billion dollars in national security spending, including seven hundred seventy
Speaker 1: three billion for the Pentagon, in the federal budget that
Speaker 1: goes to Congress on Monday. That's an increase of thirty
Speaker 1: one billion, or four percent, from approved spending for the
Speaker 1: current fiscal year. That's the five things you need to
Speaker 1: know to start your day, brought to you by Interactive Brokers.
Speaker 1: All right, let's take a look at the markets ahead
Speaker 1: of the open on this Thursday. Mo SMP futures are
Speaker 1: up nineteen points down futures up a hundred nine. NASTAC
Speaker 1: futures are higher by sixty six points. Germany's Dax is
Speaker 1: down down six tenths of one percent. The cat in
Speaker 1: Paris lower by four tenths percent. The ten year treasuries
Speaker 1: down twenty four thirty seconds, the yield two point three
Speaker 1: seven percent yield on the two year two point one
Speaker 1: five nimex crude little changed of seven cents and a
Speaker 1: hundred fifteen dollars. Even a barrel comes gold up four
Speaker 1: tenths per cent or eight dollars fifty cents at nineteen
Speaker 1: fifty one ten announced, straight ahead, real latest local headlines,
Speaker 1: and a check of sports. This is Bloomberg. Yeah, it's
Speaker 1: now six thirty three Wall Street. Let's bring in Michael
Speaker 1: Barr to tell us what else is going on in
Speaker 1: New York and around the world. John, thank you very much.
Speaker 1: New York Comptroller Thomas Donopoli says the state will fully
Speaker 1: divested all Russian holdings. Monopoli says, when the war broke out,
Speaker 1: we said we were going to freeze any new investments.
Speaker 1: This is largely in the public equity portfolio, a little
Speaker 1: bit and fixed income. We quantified it at about a
Speaker 1: hundred and ten million dollars, so on our basis on
Speaker 1: a significant exposure. Controller Donopoly spoke with Bloomberg Sinali Bassett.
Speaker 1: The search area was expanded today for the second Black
Speaker 1: box from a China Eastern passenger jet that crashed in
Speaker 1: southern China with a hundred three two people on board
Speaker 1: earlier this week, off and on rain was impeding the
Speaker 1: search for a second straight day. One of the black boxes,
Speaker 1: believed to be the cockpit voice recorder, was found yesterday.
Speaker 1: Investigators said it's outer casing was damaged, but the orange
Speaker 1: cylinder was relatively intact. North Korea launched its first intercontinental
Speaker 1: ballistic missile in more than four years. Kim John Un
Speaker 1: abandoned a testing freeze that had underpinned an unprecedented wave
Speaker 1: of talks with the US. The nation's first woman Secretary
Speaker 1: of State, Madeleine Albright, has died. President Clinton chose her
Speaker 1: well known quick wit came out during ABC interview about
Speaker 1: her job. I loved what I did. Um. I did
Speaker 1: sleep when I could on command. Um I didn't exercise enough.
Speaker 1: Being Secretary of State was a very fattening job because
Speaker 1: I was eating for my country. Former US Ambassador Thomas
Speaker 1: Pickering about Madeline Albright's passing. I had the honor and
Speaker 1: the pleasure of working with her as her second deputy
Speaker 1: in the State Department as under secretary, and she was forthright.
Speaker 1: She was always strong. She had very firm views, particularly
Speaker 1: in Eastern Europe. Pickering spoke with Bloomberg's Joe Matthew. Albright
Speaker 1: received the Medal of Freedom, and Adeline Albright died of
Speaker 1: cancer at age eighty four. Government health officials are again
Speaker 1: telling Congress, if it does not approve more COVID funding,
Speaker 1: millions of Americans may no longer get the virus prevention
Speaker 1: and treatment they need, they say. Without another twenty two
Speaker 1: billion for vaccines, pills, and other treatment that's free to patients,
Speaker 1: COVID help will vanished in the next few months. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalist
Speaker 1: and analysts more than a hundred twenty countries. I'm Michael
Speaker 1: barn This is Bloomberg, John, Michael, thank you. He's not
Speaker 1: six thirty six on Walts Free and a side of
Speaker 1: the Bloomberg Sports Update. Here's John stown Shower. Thanks John.
Speaker 1: It's certainly been an unusual situation. NETS star Carrie Irving
Speaker 1: playing only on the road due to New York's vaccine mandate.
Speaker 1: It became really bizarre when Irving was allowed to sit
Speaker 1: in the stands at the Nets home game that couldn't play.
Speaker 1: That is going to now change. Mayor Adams will make
Speaker 1: the lifting of the mandate official today oppressor at City Field.
Speaker 1: This move also a side of relief for the Mets
Speaker 1: and Yankees, who are both believed to have unvaccinated players.
Speaker 1: It's a move that will significantly improve the nets chances
Speaker 1: in the upcoming NBA playoffs. Irving has been on a
Speaker 1: terror lately, had a fifty point game later went for
Speaker 1: sixty last night forty three points. Kevin Duran had at
Speaker 1: thirty five, but the Nets lost in Memphis one one
Speaker 1: twenty the nixt one and Charlotte once one oh six.
Speaker 1: There coach Tom Thibodau one of our best games for
Speaker 1: the year, just in and a lot of different areas,
Speaker 1: So it wasn't It was a challenge obviously, back to
Speaker 1: back guys out, but I thought he had unshelfishness to
Speaker 1: start the game, gush into a really good rhythm and
Speaker 1: the win. Evan Foya broke John starts his Knicks record
Speaker 1: for most three pointers in a season. Devil's lost in
Speaker 1: Toronto three two and Tampa Yankee home runs for dj
Speaker 1: Le Mayo Glaver Torre John Carlos stand at a seven
Speaker 1: round one route of Baltimore. Aaron Judge and the Yanks
Speaker 1: exchanged arbitration figures. Judge looking for twenty one million, Yanks
Speaker 1: seventeen million. The two sides said to be at work
Speaker 1: on a new long term deal. Tyreek Hill latest NFL
Speaker 1: started yet traded? And what's the wild offseason? Kansas City?
Speaker 1: Delf Hill to Miami her five draft picks and he
Speaker 1: signed a new LUCA to deal with the Dolphins. The
Speaker 1: Jets were in it. Chiefs Latt Hill decide where he
Speaker 1: wanted to go. He chose Miami. John Stashward Broomberg Sports
Speaker 1: Tom all Right, John, thanks a lot. Six thirty seven
Speaker 1: on Wall Street. Time now to take a look at stocks,
Speaker 1: some of the names that are moving in the pre market,
Speaker 1: and for that we're joined by Bloomberg Radio and TV
Speaker 1: markets correspondent critic Gupta, Yeah, absent, and the major themes
Speaker 1: on the markets to say, let's just focus on some
Speaker 1: some of the individual movers today. What a great idea.
Speaker 1: Kavey Home is the one, so she told me to
Speaker 1: say that I did I did um. John Tucker is
Speaker 1: great at following directions fantastic. Kave Home is the one
Speaker 1: that thing a bid a pretty big move today kb
Speaker 1: H is your taker down just shy of four percent um,
Speaker 1: and they didn't miss earnings. Analysts flagging lower deliveries and
Speaker 1: supply chain disruptions. Remember kaby Home is one of those stocks.
Speaker 1: I was doing really well in the pandemic as more
Speaker 1: and more people were looking to um spend a lot
Speaker 1: in home building materials and new housing starts. You really
Speaker 1: saw that industry boom. You're seeing a little bit of
Speaker 1: the bloom come off that rose now to the point
Speaker 1: where you start. That's true, but apparently showing up in
Speaker 1: their earnings once again, they didn't miss those earnings. KBH
Speaker 1: down just shy of four percent. Some positive news though,
Speaker 1: do you Spotify? Are you a Spotify user? I'm not
Speaker 1: gonna say I'm a luddy, but I imagine John Tucker
Speaker 1: with a with a record player at home. You're one
Speaker 1: of those. Yeah, well, no, not quite that bad, but
Speaker 1: it's it's bad. Well, Spotify, you should get into It's
Speaker 1: pretty great. Spot Your taker up three point four percent.
Speaker 1: It was positive on the firm's agreement with alphabets Google
Speaker 1: to allow the company to build users directly. Analysts also
Speaker 1: saying the sign up process becomes more straightforward for Spotify users,
Speaker 1: and other companies like dating app operators could also benefit
Speaker 1: longer term. This is a huge deal. I think when
Speaker 1: a lot of people talk about apps, you don't necessarily
Speaker 1: think about the costs that are involved. They go to
Speaker 1: Apple or Alphabet or wherever U the app lives. So
Speaker 1: to see that UM kind of make the process a
Speaker 1: little bit easier definitely helps a Spotify's bottom line. Spot
Speaker 1: those shares up over three percent in the pre market.
Speaker 1: You also have some positive comments here coming from Nicola
Speaker 1: n k l as your taker up a whopping nine
Speaker 1: percent follows the analyst day, jam and Morgan also coming
Speaker 1: out and saying that the animals there had come away
Speaker 1: with a quote positive impression from the manufacturing site to visit,
Speaker 1: so it was some good news in the e V space.
Speaker 1: It seems, what do I use in the in the
Speaker 1: um the free of Pandora, I mean, I don't pay
Speaker 1: for it in the car, and I have to listen
Speaker 1: to their stupid commercials. I think you can pay to
Speaker 1: get rid of those, shell out a little extra cash.
Speaker 1: There's the rub paying money trying to get money out
Speaker 1: of me. It's when I opened the wallet. Well that
Speaker 1: exploits by Christmas present, Kreny Kupta, thank you always a pleasure.
Speaker 1: And as we look at the broader market right now,
Speaker 1: the h we're all in the green right now for
Speaker 1: the major indexes, Dow futures a one D ten points,
Speaker 1: that's a three tense of a present. SMP evening futures
Speaker 1: they're up twenty that's a four tenths of a percent
Speaker 1: that as they interest right now seventy points higher, that's
Speaker 1: up half a percent. And you can guess that bonds
Speaker 1: are lower today in price tenure yield is up eight
Speaker 1: thirty seconds, eight basis points. That should say up to
Speaker 1: two point three seven two years. At to fifteen. You're
Speaker 1: listening to Bloomberg Daybreak and we're brought to by ancient
Speaker 1: accountants and advisors. Challenging times called for proactive advisors who
Speaker 1: helped minimize taxes, increase cash flow, and create opportunities for
Speaker 1: the future of your business. Visit ancient dot com markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot com, the Bloomberg Business at and at Bloomberg Dictape.
Speaker 1: This is a Bloomberg Business Flash. I'm Nathan Hager. US
Speaker 1: futures are moving higher at European stocks are falling along
Speaker 1: with bonds this morning as investor's way. The rest is
Speaker 1: of rising inflation and the effects of the war in Ukraine.
Speaker 1: The dollar is edging higher, and so is oil. We
Speaker 1: checked the markets every fifteen minutes during the trading day
Speaker 1: on Bloomberg. Right now, SMP futures are up twenty one
Speaker 1: points down futures up a hundred twenty NASTACK futures up
Speaker 1: seventy four points. The decks in Germany down six tenths
Speaker 1: of one percent. The CACK in Paris is lower by
Speaker 1: three tenths per cent. The tenure Treasury is down twenty
Speaker 1: three thirty seconds. The yield two point three seven percent,
Speaker 1: yield on the two year two point one five percent.
Speaker 1: I'm x scruge little change to higher, up four cents
Speaker 1: at a hundred fourteen dollars ninety five cents of barrel.
Speaker 1: Comics gold is up four tenths per cent or seven
Speaker 1: dollar sixty cents at nineteen fifty twenty and ounce. The
Speaker 1: euro one point zero nine five against the dollar, British
Speaker 1: pound one point three one nine two. The end is
Speaker 1: at one point six four checking Bitcoin up one point
Speaker 1: seven percent, trading right around forty three thousand dollars. That's
Speaker 1: a Bloomberg business flash. And now here's Michael Bark with
Speaker 1: more on what's going on around the world. Michael, thank
Speaker 1: you very much, Nathan. President Joe Biden is sent to
Speaker 1: meet Allies and Brussels to discuss ways to pressure Russian
Speaker 1: President lad Mere Putin to withdraw forces from Ukraine. It
Speaker 1: comes as the Group of G seven leaders say they
Speaker 1: will use their economic powers to warn Russian President Putin
Speaker 1: against using chemical or nuclear weapons. New York City Mayor
Speaker 1: Eric Adams will announce today that he's exempting athletes and
Speaker 1: performers from the city's vaccine mandate for private workers. The
Speaker 1: move will allow Brooklyn netstar Kyrie Irving to play home
Speaker 1: games and let unvaccinated baseball players take the field when
Speaker 1: their season begins NBA games. The Nets lost the Nix
Speaker 1: and Celtics one in the NHL. The Devil's Lost. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists
Speaker 1: and analysts, and more than one hundred twenty countries. Michael Bart,
Speaker 1: this is Bloomberg. Nathan. Okay, Michael, thank you. Where at
Speaker 1: sixty nine on Wall Street. Let's turn now to news
Speaker 1: in science and technology. The Bloomberg n j I T
Speaker 1: STEM Report is brought to you by New Jersey Institute
Speaker 1: of Technology. Ranked in the top two percent nationally for
Speaker 1: alumni mid career earnings and number one in the nation
Speaker 1: for student upward economic mobility. More at n j I
Speaker 1: T DOT E d U and now here's what's making
Speaker 1: news and science, Technology, engineering, and math. Black Rock CEO
Speaker 1: Larry Fink says the invasion of Ukraine has the potential
Speaker 1: to speed the global shift to green energy. Fink says
Speaker 1: it may also do the same for digital currencies. He
Speaker 1: made those observations in his annual letter to shareholders in
Speaker 1: the world's largest money manager. In the first full year
Speaker 1: of the pandemic, the New York, Los Angeles, San Francisco,
Speaker 1: and Chicago metro areas had the greatest population losses in
Speaker 1: the nation. Census Bureau data show Sun Belt metros like Dallas, Phoenix,
Speaker 1: and Houston had the biggest gains. The exodus from the
Speaker 1: biggest US metros was led by New York, which lost
Speaker 1: almost three twenty eight thousand residents and UBS will allow
Speaker 1: some of its US employees to work remotely full time,
Speaker 1: offering flexibility to his staff as the bank seeks to
Speaker 1: lure and retain talent. The Swiss firm expects about ten
Speaker 1: to fifteen percent of its American workers to go remote
Speaker 1: as the program is implemented in phases A while more
Speaker 1: than will be in hybrid roles. That's the Bloomberg and
Speaker 1: j I T Stem report. John, all right, I thin,
Speaker 1: thanks you. We're live for the Bloomberg Interactive Broker's studios
Speaker 1: where it is six fifty um Wall Street. President Biden
Speaker 1: meeting with allies in Brussels to discuss ramping up pressure
Speaker 1: on Russia and Bloomberg's and Marie Horduring is traveling with
Speaker 1: the President. Joins us. Now and Marie, thanks for being
Speaker 1: back with us. Uh. This is more than just a
Speaker 1: photo opportunity, isn't it It is it's an extraordinary NATO meeting.
Speaker 1: Usually these meetings take months to prepare. This one has
Speaker 1: pulled together in about a week. But it's three summits
Speaker 1: back to back NATO g seventh Summit, and then the
Speaker 1: President will go on to also at the European Union,
Speaker 1: which in itself is quite extradinary. You don't normally see
Speaker 1: the US president over at the European Parliament. UM. We
Speaker 1: already seen a draft of what to expect in terms
Speaker 1: of the G seven and they will condemn in the
Speaker 1: harshest terms and really warned President Putin about the use
Speaker 1: of chemical and biological weapons. They will also threaten more
Speaker 1: severe sanctions. But at the moment there's very much so
Speaker 1: a big question mark on how far the allies can
Speaker 1: go given the one area that has yet to be
Speaker 1: sanctioned is really the lifeblood of the Russian economy, and
Speaker 1: that is oil and gas and that dependence Europe has
Speaker 1: on it, and that raises the question just how united
Speaker 1: is this united Front against Vladimir Putin and Russia when
Speaker 1: it comes to energy, right, And Jake Sullivan said, there's
Speaker 1: there's not going to be back and forth in a
Speaker 1: lot of pressure this week in terms of sanctions on energy,
Speaker 1: but there will be a conversation on how the United
Speaker 1: States can aid Europe in terms of energy security, and
Speaker 1: we've already seen Europe make a number of moves on this.
Speaker 1: One was Robert Habeck, the German Economy minister in Cutter
Speaker 1: over the weekend. But talking about l en G supplies now,
Speaker 1: at the moment, Germany doesn't even have lleng term alls.
Speaker 1: This would be a complete one eight of their entire
Speaker 1: infrastructure and how they heat their homes and put the
Speaker 1: lights on um. But you can see what they are
Speaker 1: trying to do is really loosen that dependence. And something
Speaker 1: Haboc had said in Doha was we might still need
Speaker 1: rushing gas this year, but not in the future. It
Speaker 1: starts like this, so he who has ears should start
Speaker 1: to listen. And that was a veiled threat at President
Speaker 1: Putin and the Kremlin's NATO moving more troops just on
Speaker 1: the military front. Can can you go over that to
Speaker 1: the redeploying. Well, what you can expect and this is
Speaker 1: what Yen Sultanberg said, and he's the NATO Secretary General,
Speaker 1: is a strengthening of posture in all domains with major
Speaker 1: increases of the NATO front on the eastern flank, um,
Speaker 1: on land, air and see. But the president has made
Speaker 1: very clear a number of times he does not want
Speaker 1: to send American soldiers into Ukraine, but he has said
Speaker 1: he will defend NATO territory that as of course, if
Speaker 1: NATO NATO country was attacked Article five, the US and
Speaker 1: all NATO allies would step in to defend that land.
Speaker 1: And what about the supply of military aid to to
Speaker 1: Ukraine from NATO. What's happening on that front? Well, already
Speaker 1: seeing a number of the recent military aid and the
Speaker 1: money the United States has put towards that now starting
Speaker 1: to be delivered through Ukraine. Um, you can potentially expect
Speaker 1: more countries coming to the coming to the help of
Speaker 1: Ukraine when it comes to military aid this week, it's
Speaker 1: one of the items agenda items that will be discussed.
Speaker 1: But already the United States and a number of their
Speaker 1: allies has spent billions of dollars in military aid to Ukraine,
Speaker 1: and I imagine that will continue, especially when you have
Speaker 1: President Vladimir z Lensky addressing the NATO summit today virtually
Speaker 1: and the President Biden has warned the certain areas of
Speaker 1: potential escalation by Vladimir Putin. What do we know about that? Well,
Speaker 1: the President when he was leaving the White House and
Speaker 1: route to Air Force one to come over to Brussels,
Speaker 1: was asked about how high of a threat is the
Speaker 1: use of chemical or biological weapons, and he said he
Speaker 1: thinks that threat is very high. The United States has
Speaker 1: really talked about this over the course of the last
Speaker 1: few weeks that they're concerned and that the world should
Speaker 1: be aware that Russia could stage a false flag operation
Speaker 1: and then go ahead and use chemical biological weapons. We
Speaker 1: should note that a ally of President Putin and Syria,
Speaker 1: bhar Al Assad, where Putin was providing air cover in Syria,
Speaker 1: use and reverted to chemical weapons. Also, the Russian state,
Speaker 1: according to UH number of intelligence agencies, use novn chalk
Speaker 1: in Salisbury the United Kingdom. So this is something that
Speaker 1: leaders here do not think is beyond the realm of
Speaker 1: what Putin is willing to do, especially as the Kremlin
Speaker 1: noted that this was supposed to be a quicker military
Speaker 1: operation what they would call it. Obviously, it's a war
Speaker 1: um that is dragging out. Is the president of Ukraine
Speaker 1: getting everything he wants and what is he expected to
Speaker 1: say when he speaks to European leaders? Virtually not just yet,
Speaker 1: He's not getting everything he wants. We know that the
Speaker 1: one thing Ukraine continues to ask for is air support,
Speaker 1: and they want to close the skies in Ukraine. A
Speaker 1: new fly zone. But the United States, a number of
Speaker 1: NATO allies say that that's just not possible because that
Speaker 1: would mean these allies fighting directly against Russian in the skies,
Speaker 1: and they say that could lead to a World War three,
Speaker 1: as President Biden has put in, and as we know,
Speaker 1: NATO's a defensive organization, not an offensive organization, and such
Speaker 1: a thing with a no fly zone that would be
Speaker 1: considered offensive. I guess right. I think I lost them,
Speaker 1: all right, And Marie thanks a lot of appreciated Bloomberg's
Speaker 1: and Marie hor Duran reporting outside that NATO headquarters there
Speaker 1: in Brussels. Thanks very much. Nathan, Okay, John, thank you.
Speaker 1: It's six fifty six on Wall Street. This is Bloomberg Daybreak.
Speaker 1: March is Women's History Month, and every day this month
Speaker 1: we're celebrating significant moments in women's history. And now with
Speaker 1: your installment for March, here's Bloomberg's Renida Young on this
Speaker 1: day in Women's History. In Shannon Lucid becomes the first
Speaker 1: female US astronaut to live aboard a space station. She
Speaker 1: entered the Russian space station near from the U S
Speaker 1: Space Shuttle Atlantis, and while on board the mirror Lucid
Speaker 1: helped complete several physical science and life science experiments. She
Speaker 1: returned to Earth on September twenty six of that year
Speaker 1: after completing her fifth mission. Lucid had logged more than
Speaker 1: two hundred twenty three days in space. She received her
Speaker 1: Bachelor of Science degree in chemistry from the University of Oklahoma.
Speaker 1: Then she earned a Masters of Science and Doctor of
Speaker 1: Philosophy in biochemistry. That's today in women's history. I'm gon
Speaker 1: need a young Bloomberg radio Okay redy to thank you
Speaker 1: right now. SMP futures are up twenty points ahead of
Speaker 1: the open this Thursday morning. Down futures are up a
Speaker 1: hundred twenty. Nasdaq futures are higher by sixty nine points.
Speaker 1: The tenure Treasury down twenty seven thirty seconds, the yield
Speaker 1: two point three nine percent. As the bond sell off continues.
Speaker 1: The yield on the two year is at two point
Speaker 1: one six percent. Nimex crewed now down two tenths percent,
Speaker 1: or eighteen cents at a hundred fourteen dollars seventy five
Speaker 1: cents a barrel. Comics Gold up three tenths per cent,
Speaker 1: or six dollars even at ninety eight sixty announced in
Speaker 1: the euro right now one point zero nine eight nine
Speaker 1: against the dollar. Bloomberg Surveillance up next with Tom Keene,
Speaker 1: Jonathan Farrell, and Lisa Abramowitz for John Tucker. I'm Nathan Haberry.
Speaker 1: This is Bloomberg