1 00:00:00,600 --> 00:00:04,800 Speaker 1: Bike from the Bloomberg Interactive Brooker Studios is his Bloomberg 2 00:00:04,840 --> 00:00:08,479 Speaker 1: Daybreak for Monday, April eleventh, two. Coming up this hour, 3 00:00:08,920 --> 00:00:12,639 Speaker 1: Ukraine expects Russia to whiten it's offensive. This week, Emmanuel 4 00:00:12,720 --> 00:00:15,400 Speaker 1: mcrown is set to face his nationalist rival Marine le 5 00:00:15,560 --> 00:00:17,960 Speaker 1: Penn in the final round of the French election. A 6 00:00:18,079 --> 00:00:22,080 Speaker 1: surgeon Treasury yield sends ripples across global markets and Twitter 7 00:00:22,160 --> 00:00:24,680 Speaker 1: shares line after Elon Musk turns down a spot on 8 00:00:24,720 --> 00:00:28,400 Speaker 1: the company's board. New York Mayor Eric Adams desks positive 9 00:00:28,440 --> 00:00:31,360 Speaker 1: for COVID plus. The Biden administration plans to announce new 10 00:00:31,440 --> 00:00:35,120 Speaker 1: rules today around ghost guns. I like labarn or ahead. 11 00:00:35,320 --> 00:00:38,000 Speaker 1: I'm John Stash toward sports losses for the Yankees and 12 00:00:38,080 --> 00:00:40,919 Speaker 1: Matts wins for the Knicks and Nets, and Scottie Scheffler 13 00:00:41,000 --> 00:00:46,839 Speaker 1: won the Masters. That's all's trendy head on Bloomberg Daybreak 14 00:00:47,159 --> 00:00:51,480 Speaker 1: on Bloomberg eleven Free on New York, Bloomberg one, Washington, 15 00:00:51,600 --> 00:00:55,240 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine 16 00:00:55,280 --> 00:00:59,520 Speaker 1: sixties and Francisco syrius XM one nine team and around 17 00:00:59,520 --> 00:01:02,400 Speaker 1: the world on Bloomberg Radio dot Com and via the 18 00:01:02,400 --> 00:01:09,240 Speaker 1: Bloomberg Business App. Good morning, I'm Nathan Hager and I'm 19 00:01:09,319 --> 00:01:13,080 Speaker 1: Karen Moscow and futures are lower to start the week. 20 00:01:13,160 --> 00:01:15,720 Speaker 1: We are coming up to six oh one on Wall Street. 21 00:01:15,760 --> 00:01:18,000 Speaker 1: We check the markets every fifteen minutes throughout the trading 22 00:01:18,080 --> 00:01:21,000 Speaker 1: day on Bloomberg. S and P futures are down amost 23 00:01:21,040 --> 00:01:23,959 Speaker 1: fifteen points this morning. Daw features down nineteen, nas Day 24 00:01:24,000 --> 00:01:28,280 Speaker 1: features down one two contending. Your treasury down thirteen thirty seconds. 25 00:01:28,360 --> 00:01:30,680 Speaker 1: He'll two point seven five percent, and the yield on 26 00:01:30,760 --> 00:01:33,840 Speaker 1: the two year two point five seven percent. Name x 27 00:01:33,880 --> 00:01:35,880 Speaker 1: Scrude oil is down two and a half percent, down 28 00:01:35,880 --> 00:01:38,479 Speaker 1: two dollars forty eight cents at ninety five seventy eight 29 00:01:38,520 --> 00:01:41,000 Speaker 1: cents of barrel. The euro is at one point oh 30 00:01:41,080 --> 00:01:43,839 Speaker 1: no to five against the dollar. Nathan, all right, Karen, 31 00:01:43,840 --> 00:01:45,640 Speaker 1: we'll have more on the markets in a minute. First, 32 00:01:45,680 --> 00:01:48,640 Speaker 1: the latest on the war in Ukraine. Austria's chancellor says 33 00:01:48,640 --> 00:01:51,440 Speaker 1: he will meet with Russian President Vladimir Putin in Moscow 34 00:01:51,480 --> 00:01:55,240 Speaker 1: today as fighting intensifies in the east. Ukraine says Russian 35 00:01:55,240 --> 00:01:58,360 Speaker 1: missiles destroyed the airport in its fourth largest city, tonepro 36 00:01:58,720 --> 00:02:01,600 Speaker 1: president Vladimir's lynch. He says he expects Russia to turn 37 00:02:01,680 --> 00:02:04,680 Speaker 1: to even more large scale action this week. In an 38 00:02:04,680 --> 00:02:08,160 Speaker 1: interview on CBS IS sixty Minutes, correspondent Scott Pelley asked 39 00:02:08,240 --> 00:02:13,640 Speaker 1: Zelenski what Ukraine needs from the US and NATO weapons 40 00:02:13,919 --> 00:02:16,960 Speaker 1: Number One, They need to be very serious about it. 41 00:02:17,360 --> 00:02:21,799 Speaker 1: They definitely understand what I'm talking about right now. They 42 00:02:21,880 --> 00:02:25,120 Speaker 1: have to supply weapons to Ukraine as if they were 43 00:02:25,160 --> 00:02:29,760 Speaker 1: defending themselves and their own people. Ukrainian President Vladimir Zelenski 44 00:02:29,800 --> 00:02:32,200 Speaker 1: made those comments on CBS IS sixty minutes, which can 45 00:02:32,240 --> 00:02:36,639 Speaker 1: be heard every Sunday on Bloomberg in Washington. Meanwhile, Nathan 46 00:02:36,720 --> 00:02:39,400 Speaker 1: cries are growing louder around the world for Russia to 47 00:02:39,440 --> 00:02:42,040 Speaker 1: face a war crimes tribunal. They get the story from 48 00:02:42,040 --> 00:02:45,519 Speaker 1: Bloomberg's head Baxter n s A director Jake Sullivan says, 49 00:02:45,560 --> 00:02:47,880 Speaker 1: it's gone beyond the pale. I think we can all 50 00:02:48,080 --> 00:02:52,160 Speaker 1: say that these are mass atrocities, These are war crimes. 51 00:02:52,160 --> 00:02:55,720 Speaker 1: These are shocking and brutal ax that are completely unacceptable 52 00:02:56,040 --> 00:02:59,280 Speaker 1: beyond the pale for the international community. Sullivan on ABC 53 00:02:59,480 --> 00:03:03,360 Speaker 1: has heard here. Bloomberg says they lead directly to Vladimir Poot. 54 00:03:03,400 --> 00:03:07,720 Speaker 1: Make no mistake the larger issue of broad scale war 55 00:03:07,800 --> 00:03:10,840 Speaker 1: crimes and atrocities in Ukraine lies at the feet of 56 00:03:10,880 --> 00:03:14,680 Speaker 1: the Kremlin. This as Ukraine expects a major Russian invasion 57 00:03:14,760 --> 00:03:18,160 Speaker 1: of the East. In San Francisco, I'm at Baxter Bloomberg daybreak, 58 00:03:18,160 --> 00:03:20,760 Speaker 1: All right, and thanks. Turning to politics, a runoff election 59 00:03:20,880 --> 00:03:24,280 Speaker 1: is coming in the presidential race in France. President Emmanuel 60 00:03:24,400 --> 00:03:27,440 Speaker 1: mccron will square off with nationalist Marine Lepin after a 61 00:03:27,520 --> 00:03:30,440 Speaker 1: tight first round vote. We get more from Bloomberg's Fencing 62 00:03:30,520 --> 00:03:35,160 Speaker 1: Laqua in Paris. It's a rerun of the contest. According 63 00:03:35,200 --> 00:03:38,000 Speaker 1: to first projections, mccollon got around twenty eight percent of 64 00:03:38,000 --> 00:03:40,880 Speaker 1: the vote compared with about twenty four percent for Lepin 65 00:03:41,200 --> 00:03:44,480 Speaker 1: in the first round. But mccon win is far from certain, 66 00:03:44,520 --> 00:03:48,280 Speaker 1: as votes from trailing candidates such as John Nickminonchan may 67 00:03:48,320 --> 00:03:51,880 Speaker 1: go to Lepin. While the presidents perceived arrogance turned off 68 00:03:51,920 --> 00:03:54,560 Speaker 1: many voters and helped Lupin to frame him as a 69 00:03:54,600 --> 00:03:57,880 Speaker 1: president for the rich, he's made France a favorite destination 70 00:03:57,920 --> 00:04:01,320 Speaker 1: for foreign investors and pushed employee and to the highest 71 00:04:01,480 --> 00:04:05,000 Speaker 1: on record in Paris and from Sin Laqua Bloomberg Daybreak, 72 00:04:05,120 --> 00:04:07,480 Speaker 1: All right, Francie, Thank you. Another major story we are 73 00:04:07,480 --> 00:04:10,680 Speaker 1: following involves the US economy. The relentless rise of treasury 74 00:04:10,760 --> 00:04:13,880 Speaker 1: yields continues to send waves through global markets. Ten your 75 00:04:13,960 --> 00:04:16,600 Speaker 1: yields climbed through two point seven five for the first 76 00:04:16,600 --> 00:04:19,080 Speaker 1: time in more than three years, as investors priced in 77 00:04:19,120 --> 00:04:23,040 Speaker 1: the impact of the federal reserves tightening plan and accelerating inflation. 78 00:04:23,320 --> 00:04:26,320 Speaker 1: Cleveland Fed President the Redemester is confident the US will 79 00:04:26,360 --> 00:04:29,840 Speaker 1: avoid a recession despite the high inflation. I think that 80 00:04:29,920 --> 00:04:31,960 Speaker 1: it will take some time to get inflation down because, 81 00:04:32,000 --> 00:04:33,719 Speaker 1: as you know, there's other things going on in the 82 00:04:33,760 --> 00:04:37,600 Speaker 1: economy that are adding the price pressures, including the commodity 83 00:04:37,680 --> 00:04:41,680 Speaker 1: praising increases and energy price increases that are happening UM 84 00:04:41,720 --> 00:04:44,120 Speaker 1: as well. So I think inflation will remain above two 85 00:04:44,120 --> 00:04:47,280 Speaker 1: percent this year and even next year, but the trajectory 86 00:04:47,320 --> 00:04:49,840 Speaker 1: will be that will be moving down. In Cleveland Fed. 87 00:04:49,839 --> 00:04:52,560 Speaker 1: President the Redemester made the comments on CBS is Faith 88 00:04:52,640 --> 00:04:55,320 Speaker 1: and Nation, which can be heard Sundays on Bloomberg Radio. 89 00:04:55,800 --> 00:04:58,839 Speaker 1: Another major stories developing on the equity front, Karen It 90 00:04:58,880 --> 00:05:02,280 Speaker 1: has shares of Twitter sliding this morning. Elon Musk has 91 00:05:02,320 --> 00:05:05,520 Speaker 1: decided not to join the board of the social media company. 92 00:05:05,640 --> 00:05:08,400 Speaker 1: After all, let's get the latest lie from Bloomberg's or 93 00:05:08,440 --> 00:05:10,719 Speaker 1: need a young good morning, Good morning, Nathan. It was 94 00:05:10,839 --> 00:05:13,440 Speaker 1: just a week ago that Twitter swored more than twenty 95 00:05:13,480 --> 00:05:16,440 Speaker 1: seven percent after Elon Musk took his nine point two 96 00:05:16,480 --> 00:05:19,440 Speaker 1: percent stake in the company. Twitter said shortly after that 97 00:05:19,520 --> 00:05:22,039 Speaker 1: Musk would join the board, and the billionaire has been 98 00:05:22,160 --> 00:05:24,440 Speaker 1: vocal about changes he'd like to see a Twitter in 99 00:05:24,480 --> 00:05:28,000 Speaker 1: the name of free speech. But Musk's abrupt reversal in 100 00:05:28,120 --> 00:05:31,359 Speaker 1: his decision to join the board ignites renewed speculation about 101 00:05:31,360 --> 00:05:35,200 Speaker 1: his intentions for Twitter as its largest individual shareholder, and 102 00:05:35,240 --> 00:05:37,599 Speaker 1: if he does not join the board, Musk would not 103 00:05:37,680 --> 00:05:40,280 Speaker 1: be subject to an agreement to keep his steak at 104 00:05:40,360 --> 00:05:44,000 Speaker 1: no more than fourteen point nine percent. Live in New York, 105 00:05:44,040 --> 00:05:46,440 Speaker 1: I'm gonned a young Bloomberg day break, All right, Grinita, 106 00:05:46,480 --> 00:05:48,240 Speaker 1: Thank you a boy. The Musk news is having an 107 00:05:48,240 --> 00:05:50,720 Speaker 1: impact on the blank check company that is bringing Donald 108 00:05:50,720 --> 00:05:53,840 Speaker 1: Trump's media venture public Digital World acquisition is that more 109 00:05:53,880 --> 00:05:56,640 Speaker 1: than eight percent in pre market trading. Well Earnings will 110 00:05:56,640 --> 00:05:59,000 Speaker 1: also be in focus this week, Karen. With big banks 111 00:05:59,080 --> 00:06:01,599 Speaker 1: kicking off reporting season for the first quarter, we get 112 00:06:01,600 --> 00:06:04,960 Speaker 1: more from Bloomberg's Charlie Pellett, Investors will learn how Wall 113 00:06:05,000 --> 00:06:08,400 Speaker 1: Street fair last quarter amid heightened volatility stemming from the 114 00:06:08,480 --> 00:06:11,520 Speaker 1: rush of Ukraine conflict, and to focus on the federal 115 00:06:11,600 --> 00:06:16,440 Speaker 1: reserves tightening path. Tony Dwyer is equity strategist at Canecord Genuity. 116 00:06:16,440 --> 00:06:19,560 Speaker 1: It's going to be a positive earning season. The commentary 117 00:06:19,640 --> 00:06:22,160 Speaker 1: is going to be sketchy. It's going to create this volatility. 118 00:06:22,320 --> 00:06:24,640 Speaker 1: JP Morgan Chase will be first out of the gate 119 00:06:24,640 --> 00:06:28,120 Speaker 1: with earnings on Wednesday. Thursday gets very busy with reports 120 00:06:28,120 --> 00:06:32,160 Speaker 1: from City Group, Wells Fargo, Goldman, Sacks, Morgan, Stanley, and 121 00:06:32,320 --> 00:06:36,839 Speaker 1: p MC in New York. Charlie Pellett bloom Bird daybreak right, Charlie, 122 00:06:36,880 --> 00:06:39,080 Speaker 1: thank you all. Turning to the pandemic, COVID is back 123 00:06:39,120 --> 00:06:42,960 Speaker 1: on the rise, driven by the vo omicron subvariant. Infections 124 00:06:42,960 --> 00:06:45,200 Speaker 1: are at their highest levels in about a month. White 125 00:06:45,200 --> 00:06:48,560 Speaker 1: House Chief Medical Adviser Dr. And Anthony Fauci says Americans 126 00:06:48,600 --> 00:06:51,200 Speaker 1: will need to make their own risk assessments going forward. 127 00:06:51,480 --> 00:06:53,599 Speaker 1: There will be a level of infection. This is not 128 00:06:53,680 --> 00:06:56,360 Speaker 1: going to be eradicated and it's not going to be eliminated. 129 00:06:56,800 --> 00:06:58,960 Speaker 1: And what's gonna happen is that we're going to see 130 00:06:59,320 --> 00:07:01,359 Speaker 1: that each of the visual is going to have to 131 00:07:01,400 --> 00:07:04,480 Speaker 1: make their calculation of the amount of risk that they 132 00:07:04,520 --> 00:07:07,359 Speaker 1: want to take. And Anthony Faucci made the comments on 133 00:07:07,400 --> 00:07:11,160 Speaker 1: ABC's This Week, which can be heard Sundays on Bloomberg Radio, 134 00:07:11,880 --> 00:07:14,720 Speaker 1: and futures are moving lower This morning, straight ahead your 135 00:07:14,760 --> 00:07:17,920 Speaker 1: latest local headlines, plus a check of sports. And this 136 00:07:18,320 --> 00:07:24,640 Speaker 1: is Bloomberg. Thanks ten six o seven on Wall Street, 137 00:07:24,640 --> 00:07:27,480 Speaker 1: forty one degrees in Central Park beyond accident and Wayne 138 00:07:27,520 --> 00:07:29,680 Speaker 1: the off band from Route eighty to Root twenty three 139 00:07:29,760 --> 00:07:32,640 Speaker 1: or forty six is closed. Michael Barr has more on 140 00:07:32,680 --> 00:07:34,800 Speaker 1: what's going on in New York and around the world. Michael, 141 00:07:34,880 --> 00:07:37,200 Speaker 1: thank you very much. Nathan, New York City Mayor Eric 142 00:07:37,240 --> 00:07:40,680 Speaker 1: Adams has tested pot of positive of COVID nineteen. The 143 00:07:40,720 --> 00:07:43,280 Speaker 1: spokesperson for the mayor says that Adams woke up with 144 00:07:43,280 --> 00:07:47,520 Speaker 1: a brasspy voice yesterday. Adams took a PCR test that 145 00:07:47,760 --> 00:07:50,960 Speaker 1: came back positive. Mayor Adams was one of dozens of 146 00:07:51,040 --> 00:07:55,560 Speaker 1: high profile politicians that tested positive after attending the Gridiron 147 00:07:55,640 --> 00:07:59,600 Speaker 1: Dinner in Washington. D c Dr Eric Asher with Lennox 148 00:07:59,680 --> 00:08:02,800 Speaker 1: Hill Hospital says the Mayor's infection is a reminder that 149 00:08:02,840 --> 00:08:07,080 Speaker 1: the virus does not discriminate. Anybody is validiable to get COVID, 150 00:08:07,240 --> 00:08:09,560 Speaker 1: and we just hope that the more folks that are 151 00:08:09,640 --> 00:08:13,640 Speaker 1: vaccinated and boosted, we'll have my older cases. Dr Eric 152 00:08:13,680 --> 00:08:17,120 Speaker 1: Asher Mayor Adams has no other symptoms, but has canceled 153 00:08:17,160 --> 00:08:19,960 Speaker 1: all public events for the week. The virus is also 154 00:08:20,000 --> 00:08:23,760 Speaker 1: affecting Broadway again, with some shows having to cancel performances 155 00:08:24,080 --> 00:08:28,040 Speaker 1: due to positive cases. The Marquee Stars of Plaza Suite 156 00:08:28,440 --> 00:08:31,160 Speaker 1: tested positive for COVID, making it the third production to 157 00:08:31,440 --> 00:08:35,240 Speaker 1: temporarily shut down because of new infections. People in Times 158 00:08:35,280 --> 00:08:38,520 Speaker 1: Square had a scary moment last evening. It started fleeing 159 00:08:38,600 --> 00:08:41,559 Speaker 1: after a series of explosions. This man was walking by 160 00:08:41,720 --> 00:08:44,679 Speaker 1: with one of the explosions happened once I'm saying the fire, 161 00:08:44,760 --> 00:08:46,640 Speaker 1: the cops that are telling me to back up. I 162 00:08:46,720 --> 00:08:49,640 Speaker 1: slowly started backing up, but still I started like then 163 00:08:49,640 --> 00:08:52,240 Speaker 1: a gas thought proceeding lights of fire, and then it's 164 00:08:52,280 --> 00:08:54,120 Speaker 1: actually exploded right in front of me, and that's when 165 00:08:54,120 --> 00:08:57,160 Speaker 1: I just started running. Officials say it turned out a 166 00:08:57,360 --> 00:09:00,160 Speaker 1: cable failure caused one man hold to a run up 167 00:09:00,440 --> 00:09:03,760 Speaker 1: and the second man hole was smoking, no one was hurt, 168 00:09:03,840 --> 00:09:06,960 Speaker 1: and there was no property damage. Today, the Biden Administration 169 00:09:06,960 --> 00:09:09,560 Speaker 1: will announce changing for the first time since the Gun 170 00:09:09,640 --> 00:09:13,920 Speaker 1: Control Act of nineteen sixty eight, the definition of firearm. 171 00:09:13,960 --> 00:09:16,960 Speaker 1: It comes as Senate Majority Leader Chuck Schumer says the 172 00:09:16,960 --> 00:09:21,600 Speaker 1: Biden administration must immediately rein in ghost gun sales. The 173 00:09:21,640 --> 00:09:24,520 Speaker 1: New York senator says ghost gun kits must be treated 174 00:09:24,559 --> 00:09:28,199 Speaker 1: as firearms. The preference would be for Congress to pass 175 00:09:28,240 --> 00:09:30,959 Speaker 1: a law, but we've tried and it's been blocked by 176 00:09:30,960 --> 00:09:34,800 Speaker 1: our Republican colleagues. So we're now asking the administration to 177 00:09:34,840 --> 00:09:38,120 Speaker 1: do this on its own through regulation. Someone will challenge 178 00:09:38,120 --> 00:09:40,400 Speaker 1: it in court, but I think the law will stand. 179 00:09:40,880 --> 00:09:43,960 Speaker 1: Schumer says. Sales of ghost guns are rising around the country. 180 00:09:44,280 --> 00:09:46,480 Speaker 1: Global News twenty four hours a day on a or 181 00:09:46,480 --> 00:09:49,560 Speaker 1: and on Bloomberg Quickdake, powered by more than twenty seven 182 00:09:49,640 --> 00:09:52,240 Speaker 1: hundred journalist and analysts more than a hundred twenty countries. 183 00:09:52,520 --> 00:09:59,960 Speaker 1: Michael Barr and this is Bloomberg. Nathan. Thanks Michael say 184 00:10:00,080 --> 00:10:02,120 Speaker 1: So nine on All Street time for the Bloomberg Sports 185 00:10:02,200 --> 00:10:05,400 Speaker 1: Update with John Stenshower. All right, Nathan, Scottie Scheffler began 186 00:10:05,480 --> 00:10:07,720 Speaker 1: the year having never won a PGA tournament. For what 187 00:10:07,840 --> 00:10:10,280 Speaker 1: a year he is having for a three shot with 188 00:10:11,440 --> 00:10:16,800 Speaker 1: chef behind it, puts it and it's it, and Scotty 189 00:10:16,920 --> 00:10:21,240 Speaker 1: Scheffler hats one of the lake starts to a year 190 00:10:21,400 --> 00:10:27,720 Speaker 1: in Gulf history with his first major championship. The number 191 00:10:27,720 --> 00:10:31,120 Speaker 1: one player in the world there's won four times in 192 00:10:31,320 --> 00:10:36,360 Speaker 1: three months at He's won the twenty two Masters Tournament. 193 00:10:36,360 --> 00:10:38,960 Speaker 1: As his radio her here on Bloomberg Radio. Rory McElroy 194 00:10:39,000 --> 00:10:41,520 Speaker 1: started the day ten shots behind. He finished second with 195 00:10:41,559 --> 00:10:43,640 Speaker 1: a sixty four that tied the record for a Master's 196 00:10:43,640 --> 00:10:46,920 Speaker 1: final round. McIlroy finished his round by holding out of 197 00:10:46,960 --> 00:10:49,439 Speaker 1: the bunker for a birdie, and then his playing partner, 198 00:10:49,679 --> 00:10:52,760 Speaker 1: Colin Morrikawa did the same thing. Yankees and Matt's going 199 00:10:52,800 --> 00:10:55,640 Speaker 1: for season opening sweeps, both lost. Yanks left eleven on 200 00:10:55,720 --> 00:10:58,319 Speaker 1: base when Bobby Doll back homeward sixteting the Red Sox 201 00:10:58,360 --> 00:11:01,200 Speaker 1: one four to three. Anthony so and John Carlos Stanton 202 00:11:01,280 --> 00:11:04,280 Speaker 1: drove in the Yankees runs. They've driven in ten of 203 00:11:04,360 --> 00:11:06,640 Speaker 1: the thirteen runs the Yanks have scored so far. Mets 204 00:11:06,640 --> 00:11:08,679 Speaker 1: had a two one lead eighth Dienn in Washington scored 205 00:11:08,720 --> 00:11:11,720 Speaker 1: three times one four to two Nelson Cruz first stenning 206 00:11:11,720 --> 00:11:14,199 Speaker 1: Homer and later at two one single. Nick's closed out 207 00:11:14,280 --> 00:11:16,520 Speaker 1: the season beating Toronto at the Garden one oh five 208 00:11:16,640 --> 00:11:20,000 Speaker 1: ninety four and I opening weekend for the Knicks. Obie Topping, 209 00:11:20,400 --> 00:11:23,560 Speaker 1: always a fan favorite. Topping sport thirty five points on Friday, 210 00:11:23,600 --> 00:11:26,719 Speaker 1: had forty two points last night, and Emmanuel quickly had 211 00:11:26,720 --> 00:11:29,680 Speaker 1: at thirty four. Net's got thirty five from Kyrie Irving 212 00:11:29,760 --> 00:11:33,720 Speaker 1: beat Indiana one twenty six. They'll host Cleveland tomorrow. Winner 213 00:11:33,760 --> 00:11:36,240 Speaker 1: advances to play Boston in the first round of the playoff. 214 00:11:36,320 --> 00:11:40,080 Speaker 1: The loser will play again on Friday. Joks Dashower, Boomberg Sports, 215 00:11:40,120 --> 00:11:42,160 Speaker 1: Nathan Okay, John, thank you right now. S and P 216 00:11:42,360 --> 00:11:46,880 Speaker 1: futures are down fifteen points down, futures down, NASAC futures 217 00:11:46,920 --> 00:11:49,680 Speaker 1: down a hundred six points. The tenure treasury is down 218 00:11:50,160 --> 00:11:52,720 Speaker 1: UH fourteen thirty seconds. The yield back up to two 219 00:11:52,720 --> 00:11:55,920 Speaker 1: point seven five percent. Yield on the two year two 220 00:11:55,960 --> 00:12:00,640 Speaker 1: point five seven percent. Stay with us, you're listening to 221 00:12:00,800 --> 00:12:08,920 Speaker 1: Bloomberg Daybreak. Bloomberg Daybreak, brought to you by the Jewish 222 00:12:08,920 --> 00:12:11,320 Speaker 1: Communal Fund j c F. Stner Advice Fund, is the 223 00:12:11,360 --> 00:12:14,679 Speaker 1: smart choice to manage your philanthropy, especially in times of crisis. 224 00:12:14,720 --> 00:12:17,760 Speaker 1: Make your giving impactful. Is that JCF and walk dot 225 00:12:17,920 --> 00:12:24,880 Speaker 1: org markets headlines and breaking news twenty four hours a 226 00:12:24,960 --> 00:12:27,959 Speaker 1: day at Bloomberg dot com, the Bloomberg Business at and 227 00:12:28,120 --> 00:12:37,800 Speaker 1: at Bloomberg Quicktake. This is a Bloomberg Business flash and 228 00:12:37,880 --> 00:12:41,160 Speaker 1: I'm Cameron Moscow. Socks and bond falling today as political 229 00:12:41,200 --> 00:12:43,880 Speaker 1: and economic risks away on sentiment. We checked the markets 230 00:12:43,920 --> 00:12:46,679 Speaker 1: every fifteen minutes throughout the trading day on Bloomberg. Right now, 231 00:12:46,760 --> 00:12:49,640 Speaker 1: SNP futures are down twelve points down, futures down five, 232 00:12:50,120 --> 00:12:53,000 Speaker 1: nasdack future is down ninety five. The decks in Germany 233 00:12:53,080 --> 00:12:56,040 Speaker 1: is down about half percent ten. Your treasury down thirteen 234 00:12:56,080 --> 00:12:58,839 Speaker 1: thirty seconds. You two point seven five percent. They yield 235 00:12:58,880 --> 00:13:01,840 Speaker 1: on the two year two point five seven percent. NIMEX 236 00:13:01,880 --> 00:13:04,160 Speaker 1: screude oil is down two point four percent on two 237 00:13:04,200 --> 00:13:07,400 Speaker 1: dollars thirty six cents at ninety seven cents of barrel. 238 00:13:07,679 --> 00:13:10,760 Speaker 1: Comics called up nine ten percent or sixteen dollars sixty cents. 239 00:13:10,760 --> 00:13:14,439 Speaker 1: In nineteen sixty two, twenty announced the euro one three 240 00:13:14,480 --> 00:13:16,920 Speaker 1: two against the dollar. British found one point three zero 241 00:13:17,040 --> 00:13:19,120 Speaker 1: five four the end at one twenty five point to 242 00:13:19,400 --> 00:13:22,920 Speaker 1: seven and Bitcoin this morning down three point six percent 243 00:13:23,000 --> 00:13:27,079 Speaker 1: at forty one thousand, five seventy dollars and Toma Bravo 244 00:13:27,160 --> 00:13:29,640 Speaker 1: will pay sixty five five cents a share for a 245 00:13:29,760 --> 00:13:32,560 Speaker 1: sale point that according to the Financial Times, which sided 246 00:13:32,559 --> 00:13:35,600 Speaker 1: two people with direct knowledge of the details, sale Point 247 00:13:35,760 --> 00:13:38,760 Speaker 1: is up about twenty seven percent in early trading. That's 248 00:13:38,760 --> 00:13:41,280 Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more 249 00:13:41,360 --> 00:13:44,559 Speaker 1: on what's going on around the world. Michael Karen, thank 250 00:13:44,559 --> 00:13:47,880 Speaker 1: you very much. Ostreous Chancellor said he'll meet Russian President 251 00:13:48,000 --> 00:13:51,960 Speaker 1: Vladimir Putin in Moscow today. Meanwhile, Ukraine expects Russia the 252 00:13:51,960 --> 00:13:55,400 Speaker 1: White and it's offensive in the East this week as 253 00:13:55,440 --> 00:13:58,160 Speaker 1: the war continues. A U. S Attorney and the Obama 254 00:13:58,200 --> 00:14:01,760 Speaker 1: Administration is being nominated by President Joe Biden to run 255 00:14:01,800 --> 00:14:06,520 Speaker 1: the Bureau of Alcohol, Tobacco, Firearms and Explosives. Today's announcement 256 00:14:06,600 --> 00:14:10,160 Speaker 1: of Steve dentel Back comes as the Biden administration unveils 257 00:14:10,160 --> 00:14:13,920 Speaker 1: its formal rules rain in ghost guns. In golf, Scottie 258 00:14:13,920 --> 00:14:17,000 Speaker 1: Scheffler has won the Masters. In baseball, the Red Sox 259 00:14:17,000 --> 00:14:19,520 Speaker 1: beat the Yankees for three The Nationals beat the Mets 260 00:14:19,560 --> 00:14:22,760 Speaker 1: four two, The Giants and A's won, the Orioles lost. 261 00:14:23,080 --> 00:14:27,120 Speaker 1: On the final day of the regular NBA season, the Nets, Nick's, 262 00:14:27,120 --> 00:14:30,360 Speaker 1: Celtics and war Riors won, the Wizards lost. In the NHL, 263 00:14:30,440 --> 00:14:34,000 Speaker 1: the Capital's beat the Bruins. For two Global News twenty 264 00:14:34,000 --> 00:14:36,960 Speaker 1: four hours a day on here and on Bloomberg Quickdake, 265 00:14:37,240 --> 00:14:40,200 Speaker 1: powered by more than twenty seven hundred journalist and analyist 266 00:14:40,280 --> 00:14:43,080 Speaker 1: more than a hundred twenty countries. Michael Barr and this 267 00:14:43,480 --> 00:14:46,120 Speaker 1: is Bloomberg. Nathan, Okay, Michael, thank you. It is six 268 00:14:46,240 --> 00:14:49,800 Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios. 269 00:14:49,920 --> 00:14:52,800 Speaker 1: This is Bloomberg Daybreak. We want to focus a little 270 00:14:52,800 --> 00:14:55,640 Speaker 1: bit on Twitter now because it seems like the drama 271 00:14:55,760 --> 00:15:00,240 Speaker 1: at the social media company just doesn't stop. First, uslo 272 00:15:00,360 --> 00:15:02,880 Speaker 1: CEO Elon Musk reveals he's taken a stake in the 273 00:15:02,920 --> 00:15:06,680 Speaker 1: company rather big one. Then Twitter said that he's joining 274 00:15:06,720 --> 00:15:11,400 Speaker 1: the board. Now they're saying he's actually turned down their 275 00:15:11,480 --> 00:15:13,800 Speaker 1: board offer. Let's try to make sense of what's going 276 00:15:13,840 --> 00:15:16,880 Speaker 1: on at Twitter. Bloomberg Quick Take correspondent Alex Webb is 277 00:15:16,920 --> 00:15:19,840 Speaker 1: with us. He also writes about tech for Bloomberg Opinion. 278 00:15:20,120 --> 00:15:23,120 Speaker 1: Alex good morning. Almost sounds like Twitter might want an 279 00:15:23,200 --> 00:15:26,280 Speaker 1: edit button just for its board moves. I think that 280 00:15:26,360 --> 00:15:29,960 Speaker 1: certainly seems to be what Ellen is making happen right now. 281 00:15:30,320 --> 00:15:33,720 Speaker 1: It's it's in one some way surprising, but then equally, 282 00:15:33,760 --> 00:15:38,240 Speaker 1: in the grand scheme of Elon's you know, tribulations, particularly 283 00:15:38,240 --> 00:15:41,560 Speaker 1: on social media, probably isn't that surprising. It was always 284 00:15:41,600 --> 00:15:44,560 Speaker 1: slightly puzzling because it seems as though his interest do 285 00:15:44,640 --> 00:15:47,920 Speaker 1: not necessarily align with the interests or Twitter shareholders. And 286 00:15:47,960 --> 00:15:50,600 Speaker 1: Twitter shareholders lie they want to make a financial return. 287 00:15:50,800 --> 00:15:53,400 Speaker 1: Elon does not need Twitter to make a financial return. 288 00:15:53,720 --> 00:15:57,320 Speaker 1: The if Twitter gave a thousand percent over the past 289 00:15:57,320 --> 00:15:59,680 Speaker 1: two weeks, that would have been in line with the 290 00:15:59,720 --> 00:16:02,480 Speaker 1: game he made on his Tesla stock. So this was 291 00:16:02,520 --> 00:16:06,080 Speaker 1: really for him more of a an influence play, it seemed, 292 00:16:06,120 --> 00:16:08,480 Speaker 1: and that means his interests were not necessarily the same 293 00:16:08,520 --> 00:16:11,240 Speaker 1: as the rest of the investors, and he still has 294 00:16:11,480 --> 00:16:15,320 Speaker 1: that influence play in play doesn't even with a nine 295 00:16:15,360 --> 00:16:17,640 Speaker 1: point two percent steak with if he's not going to 296 00:16:17,720 --> 00:16:21,400 Speaker 1: join the board, the limit goes off in terms of 297 00:16:21,480 --> 00:16:24,520 Speaker 1: how much bigger he can make that steak now exactly, 298 00:16:24,520 --> 00:16:26,640 Speaker 1: And I think that that is One of the key 299 00:16:26,680 --> 00:16:29,560 Speaker 1: points here that by joining the board as part of 300 00:16:29,560 --> 00:16:33,080 Speaker 1: that agreement, he would have pledged not to expand his 301 00:16:33,080 --> 00:16:38,280 Speaker 1: steak beyond fourteen point nine percent of the stock, and 302 00:16:39,320 --> 00:16:41,160 Speaker 1: by then not joining the board, he can buy as 303 00:16:41,200 --> 00:16:43,600 Speaker 1: big a steak as he wants. Now. Obviously, whether he 304 00:16:43,640 --> 00:16:47,200 Speaker 1: will do so is purely speculation, but it has triggered 305 00:16:47,240 --> 00:16:50,800 Speaker 1: a lot of that speculation. And if he has, you know, 306 00:16:50,920 --> 00:16:53,280 Speaker 1: several board seats which he might get if he were 307 00:16:53,280 --> 00:16:54,640 Speaker 1: to have a bigger steake, or if you were to 308 00:16:54,640 --> 00:16:56,600 Speaker 1: require the whole company, which is a very big if, 309 00:16:56,880 --> 00:16:59,920 Speaker 1: then he could do whatever he wants. And the question 310 00:17:00,040 --> 00:17:02,440 Speaker 1: of whether whatever he wants is still a big one 311 00:17:02,480 --> 00:17:04,640 Speaker 1: as well. Just looking at his Twitter feed, he's thrown 312 00:17:04,800 --> 00:17:07,520 Speaker 1: so many ideas on the wall. Some sound like they 313 00:17:07,560 --> 00:17:11,000 Speaker 1: may be serious, others sound like they aren't. I mean, 314 00:17:11,119 --> 00:17:14,840 Speaker 1: where could this girl from here? I wonder whether Ellen 315 00:17:14,880 --> 00:17:18,199 Speaker 1: knows himself. You know, sometimes you see even in his 316 00:17:18,280 --> 00:17:21,040 Speaker 1: product roadmaps, you know, he will announce these products which 317 00:17:21,080 --> 00:17:24,120 Speaker 1: he wants to bring to market, and then five years 318 00:17:24,200 --> 00:17:26,120 Speaker 1: later there's still no sign of them. So maybe he's 319 00:17:26,160 --> 00:17:27,800 Speaker 1: got the seed of an idea of something he would 320 00:17:27,840 --> 00:17:30,159 Speaker 1: like to do. Maybe it's something to do with free speech. 321 00:17:30,200 --> 00:17:32,679 Speaker 1: Maybe it's just about ensuring that he continues to have 322 00:17:32,680 --> 00:17:35,359 Speaker 1: a voice, because Twitter is an important platform when it 323 00:17:35,400 --> 00:17:39,120 Speaker 1: comes to marketing Tesla for instance, and so ensuring that 324 00:17:39,160 --> 00:17:41,520 Speaker 1: there's no clamp down on that for any reason the 325 00:17:41,640 --> 00:17:45,080 Speaker 1: coming weeks, months, and indeed years, that might be as 326 00:17:45,119 --> 00:17:47,320 Speaker 1: big a reason as anything else. He gets a lot 327 00:17:47,320 --> 00:17:50,840 Speaker 1: of earned media through his Twitter posts. Now does he 328 00:17:50,880 --> 00:17:53,440 Speaker 1: get two point nine billion worth of earned media? That's 329 00:17:53,440 --> 00:17:56,760 Speaker 1: a different question, but it's certainly an important mouthpiece for him. Yeah, 330 00:17:56,760 --> 00:17:59,400 Speaker 1: and when we see all this going on at Twitter, Alex, 331 00:17:59,440 --> 00:18:02,560 Speaker 1: what is this mean for social media more broadly? I mean, 332 00:18:02,640 --> 00:18:07,160 Speaker 1: how do Facebook, for example, or former President Donald Trump's 333 00:18:07,280 --> 00:18:11,840 Speaker 1: nascent venture get affected by what's going on with Elon 334 00:18:11,920 --> 00:18:14,560 Speaker 1: Musk messing around with Twitter. I think the key thing 335 00:18:14,600 --> 00:18:16,919 Speaker 1: to remember here, and this is something particularly important when 336 00:18:16,920 --> 00:18:20,240 Speaker 1: you think about Trump truth social Twitter is not a 337 00:18:20,240 --> 00:18:24,080 Speaker 1: big company in the grand scheme of things. Twitter has 338 00:18:24,240 --> 00:18:26,880 Speaker 1: three hundred and something. I think he's the actually active 339 00:18:27,040 --> 00:18:29,959 Speaker 1: users something like two hundred million active users. Facebook has 340 00:18:30,000 --> 00:18:32,560 Speaker 1: two point nine billion active users. Facebook is a six 341 00:18:32,640 --> 00:18:35,240 Speaker 1: hundred and something billion dollar company. Twitter is a thirty 342 00:18:35,240 --> 00:18:38,560 Speaker 1: billion dollar companies five percent the size of Facebook. I 343 00:18:38,600 --> 00:18:41,119 Speaker 1: often say to people here in the UK that Twitter's 344 00:18:41,359 --> 00:18:44,240 Speaker 1: revenue is the same as the profit that BT, the 345 00:18:44,280 --> 00:18:46,240 Speaker 1: old British telecom makes. You know, it is not a 346 00:18:46,280 --> 00:18:47,959 Speaker 1: big company in the grand scheme of things. It has 347 00:18:47,960 --> 00:18:49,280 Speaker 1: a lot of influence because a lot of people and 348 00:18:49,280 --> 00:18:50,960 Speaker 1: the media use it. If you then look at Trump 349 00:18:51,200 --> 00:18:53,600 Speaker 1: Truth Social, this is also not a big company. It 350 00:18:53,640 --> 00:18:55,800 Speaker 1: is also not going to have anything near the number 351 00:18:55,800 --> 00:18:58,120 Speaker 1: of views that Facebook, or indeed that TikTok has. So 352 00:18:58,560 --> 00:19:01,760 Speaker 1: these things they sometimes make outside noise because you know, 353 00:19:01,880 --> 00:19:04,040 Speaker 1: we use them as people in the media. All the 354 00:19:04,119 --> 00:19:06,199 Speaker 1: influential people around the world use it, but it is 355 00:19:06,280 --> 00:19:09,840 Speaker 1: not as influential as Facebook is or any of the 356 00:19:09,880 --> 00:19:14,439 Speaker 1: Facebook other platforms. Yeah, full disclosure. I use Twitter. Thanks Alex, 357 00:19:14,480 --> 00:19:19,959 Speaker 1: Hey appreciate that. Thank you. Alex Webb, Bloomberg Quick Take correspondent, 358 00:19:20,040 --> 00:19:22,600 Speaker 1: also Twitter user by the wins your handle a t 359 00:19:22,760 --> 00:19:25,919 Speaker 1: web is that it? I think we lost Alex already. 360 00:19:25,920 --> 00:19:28,520 Speaker 1: Alex Webb also writes about tech for Bloomberg Opinion. Well, 361 00:19:28,680 --> 00:19:31,000 Speaker 1: we'll find Alex on Twitter. He's definitely there. Just search 362 00:19:31,040 --> 00:19:34,080 Speaker 1: Alex Webb under the search Twitter bar looking at shares 363 00:19:34,119 --> 00:19:36,760 Speaker 1: of Twitter right now they are down uh two point 364 00:19:36,840 --> 00:19:39,879 Speaker 1: three percent in the pre market. As for the market 365 00:19:40,359 --> 00:19:42,879 Speaker 1: as a whole, the futures are moving lower. We have 366 00:19:42,960 --> 00:19:46,360 Speaker 1: SMP futures down sixteen points now, DEW futures down twenty three, 367 00:19:46,440 --> 00:19:49,560 Speaker 1: NASDAC futures down a hundred thirteen points, and the tenure 368 00:19:49,560 --> 00:19:52,640 Speaker 1: Treasury is down fifteen thirty seconds. The yield two point 369 00:19:52,720 --> 00:19:56,320 Speaker 1: seven five Just ahead. Ukraine braces for an even tougher 370 00:19:56,400 --> 00:19:58,399 Speaker 1: fight to the east, and the French election heads to 371 00:19:58,440 --> 00:20:01,639 Speaker 1: a runoff. Five things you need to know to start 372 00:20:01,640 --> 00:20:07,840 Speaker 1: your day. Coming up. I'm Bloomberg day Break. Bloomberg day 373 00:20:07,840 --> 00:20:10,600 Speaker 1: Break brought you by ancient accountants and advisors. Challenging times 374 00:20:10,600 --> 00:20:13,960 Speaker 1: call for proactive advisors who help minimize taxes, increase cash flow, 375 00:20:14,000 --> 00:20:16,879 Speaker 1: and create opportunities for the future of your business. Visit 376 00:20:16,960 --> 00:20:25,360 Speaker 1: Ancient dot Com broadcasting live from the Bloomberg Interactive Broker's 377 00:20:25,359 --> 00:20:28,760 Speaker 1: studio in New York. Bloomberg E Living Freedom to Washington, 378 00:20:28,840 --> 00:20:32,919 Speaker 1: d C, Bloomberg to Boston, Bloomberg one O six one 379 00:20:33,040 --> 00:20:36,520 Speaker 1: does San Francisco, Bloomberg nine sixty to the country Sirius 380 00:20:36,680 --> 00:20:39,800 Speaker 1: XM Channel one nineteen and around the globe. The Bloomberg 381 00:20:39,880 --> 00:20:44,320 Speaker 1: Business and Bloomberg Radio dot com. This is Bloomberg Daybreak. 382 00:20:49,760 --> 00:20:51,840 Speaker 1: It's six thirty on Wall Street. Good morning. I'm Nathan 383 00:20:51,840 --> 00:20:54,880 Speaker 1: Hager and I'm Cameron Moscow. We are just about three 384 00:20:54,960 --> 00:20:57,240 Speaker 1: hours away from the open of US trading. It is 385 00:20:57,320 --> 00:20:59,240 Speaker 1: time for the five things you need to notice. Start 386 00:20:59,280 --> 00:21:02,320 Speaker 1: your day. Brock to you by Interactive Brokers Simple ib 387 00:21:02,440 --> 00:21:06,160 Speaker 1: k our Global Trader app. Deposit in your local currency 388 00:21:06,200 --> 00:21:08,800 Speaker 1: and trade stocks in the US, Europe and Asia. Start 389 00:21:08,880 --> 00:21:12,240 Speaker 1: your free trial at ibkr dot com, Slash Global Trader 390 00:21:12,880 --> 00:21:16,520 Speaker 1: First Ukraine says Russian air strikes destroy the airport in 391 00:21:16,640 --> 00:21:21,440 Speaker 1: Ukraine's fourth largest city, Dinepro. As the war continues, Austria's 392 00:21:21,520 --> 00:21:24,119 Speaker 1: chancellor heads to Moscow today meet with to meet with 393 00:21:24,160 --> 00:21:27,720 Speaker 1: Vladimir Putin, two days after visiting Kiev. Well meantime, caring 394 00:21:27,720 --> 00:21:31,040 Speaker 1: a new Russian military commander's drawing alarm among US officials, 395 00:21:31,040 --> 00:21:33,320 Speaker 1: with the Russian army expected to mount an offensive for 396 00:21:33,440 --> 00:21:37,120 Speaker 1: control of parts of eastern Ukraine. President Vladimir's Lensky tells 397 00:21:37,160 --> 00:21:39,840 Speaker 1: CBS is Scott Pelly he will not leave his nation. 398 00:21:40,040 --> 00:21:43,640 Speaker 1: I'm the president of our people, and even if I 399 00:21:43,720 --> 00:21:48,879 Speaker 1: wasn't president, I would have stayed here. My family understood, 400 00:21:49,119 --> 00:21:54,840 Speaker 1: not only understood, but fully supported my decision. Fully. Ukrainian 401 00:21:54,880 --> 00:21:58,000 Speaker 1: President of Vladimir's Lensky spoke on CBS has sixty minutes 402 00:21:58,000 --> 00:22:00,720 Speaker 1: which can be heard every Sunday on Bloomberg nine one 403 00:22:00,760 --> 00:22:03,480 Speaker 1: in Washington, Well on Wall Street and Navan. Shares of 404 00:22:03,520 --> 00:22:06,639 Speaker 1: Twitter are sliding with news Elon Muski is not joining 405 00:22:06,640 --> 00:22:09,120 Speaker 1: the company's board, and we get the latest live from 406 00:22:09,119 --> 00:22:12,240 Speaker 1: Bloomberg's need a young Good Morning, Good Morning Karen. A 407 00:22:12,280 --> 00:22:15,680 Speaker 1: week ago, Twitter sword more than twenty seven percent after 408 00:22:15,800 --> 00:22:18,399 Speaker 1: Elon Musk took his nine point two percent steak in 409 00:22:18,440 --> 00:22:21,400 Speaker 1: the company. Twitter said shortly after that Musk would join 410 00:22:21,480 --> 00:22:24,679 Speaker 1: its board and the in The billionaire has been vocal 411 00:22:24,720 --> 00:22:27,040 Speaker 1: about changes. He'd like to see a Twitter in the 412 00:22:27,119 --> 00:22:30,760 Speaker 1: name of free speech, but Musk's abrupt reversal is igniting 413 00:22:30,840 --> 00:22:34,600 Speaker 1: renewed speculation about his intentions for Twitter as its largest 414 00:22:34,640 --> 00:22:37,960 Speaker 1: individual shareholder. If he does not join the board, Musk 415 00:22:37,960 --> 00:22:40,320 Speaker 1: will not be subject to an agreement to keep his 416 00:22:40,359 --> 00:22:43,880 Speaker 1: steak at no more than fourteen point nine percent. Live 417 00:22:43,920 --> 00:22:46,520 Speaker 1: in New York, I'm rened a young Bloomberg Daybreak and 418 00:22:46,560 --> 00:22:48,679 Speaker 1: we need a shares of Twitter down about two percent 419 00:22:48,720 --> 00:22:50,800 Speaker 1: in the pre market. In fact, most stocks are falling 420 00:22:50,840 --> 00:22:53,280 Speaker 1: as a rise in US treasury yield sends waves through 421 00:22:53,320 --> 00:22:55,680 Speaker 1: global markets. Ten Your yields climbed through two and three 422 00:22:55,760 --> 00:22:59,359 Speaker 1: quarters percent for the first time since March. Well Nathan 423 00:22:59,400 --> 00:23:03,440 Speaker 1: overseas the presidential election in France. French President Emmanuel mccron 424 00:23:03,520 --> 00:23:06,440 Speaker 1: holds a slight lead over nationalist rival Marine La Penn. 425 00:23:06,560 --> 00:23:08,639 Speaker 1: The second round of voting will take place in a 426 00:23:08,640 --> 00:23:11,000 Speaker 1: couple of weeks. Let's go from Paris to Moscow. Karen, 427 00:23:11,040 --> 00:23:14,159 Speaker 1: Russia's finance minister says the country will halt bond sales 428 00:23:14,160 --> 00:23:16,720 Speaker 1: for the rest of two and take legal action if 429 00:23:16,800 --> 00:23:19,840 Speaker 1: sanctions force it into a default. It comes days after 430 00:23:19,880 --> 00:23:22,639 Speaker 1: the government breached the terms on two bonds by paying 431 00:23:22,640 --> 00:23:25,920 Speaker 1: investors rubles instead of dollars. And as the five things 432 00:23:26,000 --> 00:23:27,960 Speaker 1: you need to Notice start your day, brought to you 433 00:23:28,080 --> 00:23:31,920 Speaker 1: by Interactive Brokers and your latest local news check is 434 00:23:32,000 --> 00:23:39,960 Speaker 1: Sports Straight Ahead on Bloomberg and Wall Street now forty 435 00:23:40,000 --> 00:23:42,240 Speaker 1: one degrees in Central park On an accent on the 436 00:23:42,240 --> 00:23:45,639 Speaker 1: eastbound Grand Central Parkway. LaGuardia Airport. Details coming up in 437 00:23:45,680 --> 00:23:48,240 Speaker 1: traffic First. Michael Barr with more on what's going on 438 00:23:48,280 --> 00:23:50,480 Speaker 1: in New York and around the world. Good morning, Michael, 439 00:23:50,520 --> 00:23:53,640 Speaker 1: Good morning Nathan. New York City Mayor Eric Adams announced 440 00:23:53,680 --> 00:23:57,359 Speaker 1: he is just a positive for COVID and is now isolated. 441 00:23:57,760 --> 00:24:00,560 Speaker 1: Dr Bruce Lee with the City Universe City of New 442 00:24:00,640 --> 00:24:03,880 Speaker 1: York School of Public Health. You essentially have this more 443 00:24:03,880 --> 00:24:08,200 Speaker 1: contagious big dot to subfarient that's circulating, and we're still 444 00:24:08,400 --> 00:24:12,880 Speaker 1: amidst cooler and drier weather, so that can promote transmission. 445 00:24:13,080 --> 00:24:16,320 Speaker 1: So we really need to be more proactive about COVID 446 00:24:16,440 --> 00:24:19,439 Speaker 1: nighting precautions, Dr Lee, as New York City is now 447 00:24:19,480 --> 00:24:24,120 Speaker 1: averaging about eight new cases per day. Last Saturday, Adams 448 00:24:24,119 --> 00:24:27,880 Speaker 1: attended the annual grid Iron Dinner in Washington. Dozens who 449 00:24:27,880 --> 00:24:32,280 Speaker 1: attended to have since contracted COVID. China's largest COVID outbreak 450 00:24:32,320 --> 00:24:35,360 Speaker 1: in two years continues to spread despite an extended lockdown 451 00:24:35,400 --> 00:24:38,920 Speaker 1: of Shanghai's million people. They were more than twenty six 452 00:24:38,960 --> 00:24:42,359 Speaker 1: thousand new daily infections reported in the Chinese financial hub 453 00:24:42,600 --> 00:24:45,760 Speaker 1: and all time high. The Biden administration plans to announce 454 00:24:45,760 --> 00:24:50,399 Speaker 1: new rules today around ghost guns. Sergeant Christian Camarillo is 455 00:24:50,440 --> 00:24:54,119 Speaker 1: with the San Jose, California Police Department. Ghost gun or 456 00:24:54,160 --> 00:24:56,880 Speaker 1: privately made firearm is a firearm that can be made 457 00:24:56,880 --> 00:24:59,960 Speaker 1: at home with pre manufactured parts. You can order these 458 00:25:00,040 --> 00:25:03,280 Speaker 1: on the internet. It takes some very simple machine and 459 00:25:03,359 --> 00:25:06,240 Speaker 1: you put it together and it works just like a 460 00:25:06,320 --> 00:25:10,200 Speaker 1: regular firearm. Senate Majority of Leader Chuck Schumer says sales 461 00:25:10,240 --> 00:25:14,119 Speaker 1: of ghost guns are rising around the country, clarifying under 462 00:25:14,160 --> 00:25:18,400 Speaker 1: federal law that ghost gun kits are firearms that would 463 00:25:18,440 --> 00:25:22,640 Speaker 1: require a background check and a serial number. Senator Schumer 464 00:25:22,720 --> 00:25:26,439 Speaker 1: reference to teen shooting death Friday outside of Bronze High School. 465 00:25:26,760 --> 00:25:29,520 Speaker 1: Police say the seventeen year old suspect may have used 466 00:25:29,520 --> 00:25:33,040 Speaker 1: a ghost gun. President Joe Biden is nominating an Obama 467 00:25:33,080 --> 00:25:36,480 Speaker 1: era U S attorney to run the Bureau of Alcohol, Tobacco, 468 00:25:36,600 --> 00:25:40,639 Speaker 1: Firearms and Explosives. Biden is expected to make the announcement today, 469 00:25:40,680 --> 00:25:45,679 Speaker 1: nominating Steve Denldock. Kmart once posted over two thousand locations 470 00:25:45,720 --> 00:25:48,639 Speaker 1: across the country, but the former retail giant will be 471 00:25:48,680 --> 00:25:51,960 Speaker 1: down to just three holdouts when It's Avanel, New Jersey 472 00:25:52,119 --> 00:25:56,600 Speaker 1: store closes later this week. Baltimore based author Michael Masiki 473 00:25:56,960 --> 00:26:00,439 Speaker 1: has written several books on US retail history. He's just 474 00:26:00,640 --> 00:26:04,280 Speaker 1: dotted the American landscape. Over the years, they still docked 475 00:26:04,280 --> 00:26:09,000 Speaker 1: the American landscape. But his carcasses as closed carcasses off 476 00:26:09,000 --> 00:26:12,119 Speaker 1: your Michael City says, it's just sad. Kmart used to 477 00:26:12,119 --> 00:26:15,000 Speaker 1: be a real part of Americana Global News twenty four 478 00:26:15,000 --> 00:26:17,200 Speaker 1: hours a day on air and on Bloomberg Quick Take, 479 00:26:17,240 --> 00:26:19,560 Speaker 1: powered by more than twenty seven hundred journalists and analysts 480 00:26:19,560 --> 00:26:22,000 Speaker 1: more than a hundred twenty countries. Michael barn this is 481 00:26:22,000 --> 00:26:25,919 Speaker 1: Bloomberg Naked. That gets your attention. Kmart shoppers, Thank you, Michael. 482 00:26:30,600 --> 00:26:32,359 Speaker 1: Almost six thirty six on Wall Street. Time for the 483 00:26:32,359 --> 00:26:34,800 Speaker 1: Bloomberg Sports that Take. Here's John stas Shower. All right, 484 00:26:34,840 --> 00:26:37,879 Speaker 1: if the big things were expected from Scottie Scheffler grew 485 00:26:37,960 --> 00:26:41,159 Speaker 1: up in Dallas, dominated junior golf. Now twenty five, shefter 486 00:26:41,320 --> 00:26:43,080 Speaker 1: what to the Masters, Having won three of his last 487 00:26:43,119 --> 00:26:45,840 Speaker 1: five tournaments, he had already become ranked number one in Augusta. 488 00:26:46,200 --> 00:26:48,320 Speaker 1: He took the lead Friday, never gave it up. His 489 00:26:48,440 --> 00:26:51,280 Speaker 1: lead early yesterday did shrink to one shop, but he 490 00:26:51,359 --> 00:26:53,080 Speaker 1: chipped in for Bernie on the third Old, and from 491 00:26:53,080 --> 00:26:55,960 Speaker 1: there that lead was never less than three shots. It 492 00:26:56,000 --> 00:26:58,960 Speaker 1: was definitely nice to gold up a lead and um 493 00:26:59,000 --> 00:27:00,879 Speaker 1: not nothing safe there on the back nine on this 494 00:27:00,920 --> 00:27:03,960 Speaker 1: golf course. You know, I've heard all the things that 495 00:27:04,000 --> 00:27:06,119 Speaker 1: everybody says. It doesn't start till the back now on Sunday, 496 00:27:06,160 --> 00:27:09,720 Speaker 1: anything can happen. Don't hit in the water on twelves, 497 00:27:09,880 --> 00:27:13,560 Speaker 1: you know all the stuff, And you know I just 498 00:27:14,560 --> 00:27:16,520 Speaker 1: blocked most of that out and just tried to execute 499 00:27:16,560 --> 00:27:18,639 Speaker 1: and take a golf shops. Zeffler had a double bogie 500 00:27:18,680 --> 00:27:21,360 Speaker 1: on eighteen, still won by three over the hard charging 501 00:27:21,440 --> 00:27:23,399 Speaker 1: Rory McIlroy, who still never won the Masters, but he 502 00:27:23,440 --> 00:27:25,960 Speaker 1: had a brilliant final round sixty four Tiger Woods at 503 00:27:26,000 --> 00:27:29,000 Speaker 1: his second Strange seventy eight. Said he's unsure if he'll 504 00:27:29,000 --> 00:27:31,240 Speaker 1: play the p g H Championship for US Open, but 505 00:27:31,280 --> 00:27:33,960 Speaker 1: does plan to play the British Open because of his 506 00:27:34,040 --> 00:27:36,760 Speaker 1: affinity for playing st Andrew's Yankees doing for a sweep 507 00:27:36,760 --> 00:27:39,400 Speaker 1: of the Red Sox, strand at eleven lost four three 508 00:27:39,440 --> 00:27:41,520 Speaker 1: if the Stadium Mets, going for a four game sweep 509 00:27:41,520 --> 00:27:43,880 Speaker 1: in Washington, had a two one leave and the Nats 510 00:27:43,880 --> 00:27:46,600 Speaker 1: scored three in the eighth and one two. Nicks finished 511 00:27:46,600 --> 00:27:49,440 Speaker 1: the season thirty seven and forty five. They beat Toronto 512 00:27:49,480 --> 00:27:52,000 Speaker 1: with the Guarden. Nick fans have called for more playing 513 00:27:52,040 --> 00:27:54,280 Speaker 1: time for Obie topp and he got it. This weekend 514 00:27:54,359 --> 00:27:57,480 Speaker 1: he had games of thirty five and forty two points. 515 00:27:57,720 --> 00:28:01,399 Speaker 1: Totoppin's previous career high was twenty speed Indiana. They finished 516 00:28:02,440 --> 00:28:04,440 Speaker 1: and thirty eight nets will have a play in game 517 00:28:04,480 --> 00:28:10,200 Speaker 1: in Brooklyn tomorrow against Cleveland. Johnsward Bloomberg Sports Lincoln okay, John, 518 00:28:10,280 --> 00:28:12,959 Speaker 1: thank you sixty seven On Wall Street, time to take 519 00:28:13,000 --> 00:28:14,600 Speaker 1: a look at stock some of the names moving in 520 00:28:14,640 --> 00:28:17,679 Speaker 1: the pre market with Bloomberg Radio and TV Markets correspondent 521 00:28:17,720 --> 00:28:20,120 Speaker 1: Creedy goopda. Of course, the name we've been watching all 522 00:28:20,200 --> 00:28:24,480 Speaker 1: morning long, Credy is Twitter. It's Twitter, t W t RS. 523 00:28:24,480 --> 00:28:26,760 Speaker 1: Your taker. Down two point three percent, Nathan. It was 524 00:28:26,760 --> 00:28:28,879 Speaker 1: down as much as five six percent in the pre 525 00:28:28,960 --> 00:28:31,640 Speaker 1: market earlier in the session. Now looks like sparing about 526 00:28:31,720 --> 00:28:34,400 Speaker 1: half of those losses. Of course, this comes after Elon 527 00:28:34,440 --> 00:28:37,119 Speaker 1: must decided not to join the board after speculation of 528 00:28:37,160 --> 00:28:39,880 Speaker 1: the world's richest person would be mounting a takeover of 529 00:28:39,920 --> 00:28:43,480 Speaker 1: the social media platform. Been very vocal about suggestions that 530 00:28:43,520 --> 00:28:44,960 Speaker 1: he would want to make to Twitter. But then, of 531 00:28:44,960 --> 00:28:47,600 Speaker 1: course the CEO of Twitter came out and said, well, 532 00:28:47,600 --> 00:28:50,000 Speaker 1: this was just not the time and the shares did, 533 00:28:50,000 --> 00:28:52,000 Speaker 1: of course fall once again t w t R down 534 00:28:52,000 --> 00:28:54,680 Speaker 1: two point three percent. But there's an adjacent story, Nathan, 535 00:28:54,680 --> 00:28:56,959 Speaker 1: that we should probably pay attention to as well, and 536 00:28:57,000 --> 00:29:00,760 Speaker 1: that is Donald Trump's tied social media link check company 537 00:29:00,800 --> 00:29:04,560 Speaker 1: Digital World acquisition d w a C as your ticker. 538 00:29:04,680 --> 00:29:07,400 Speaker 1: This was a company that was seen this competition to 539 00:29:07,720 --> 00:29:10,320 Speaker 1: Twitter and really seen as taking a big hit if 540 00:29:10,320 --> 00:29:13,280 Speaker 1: Elon Musk did indeed decide to make some big changes 541 00:29:13,400 --> 00:29:15,480 Speaker 1: and join the board. So you did see it jump 542 00:29:15,520 --> 00:29:18,560 Speaker 1: as much seventeen percent in pre market trading off of 543 00:29:18,600 --> 00:29:20,600 Speaker 1: those headlines on Twitter. Now looks like pairing some of 544 00:29:20,600 --> 00:29:22,920 Speaker 1: those games a d w a C once again as 545 00:29:22,960 --> 00:29:25,840 Speaker 1: the taker down of excuse me up only just shy 546 00:29:26,040 --> 00:29:29,400 Speaker 1: eight percent, but still eight percent is nothing Scott at Nathan. Yeah, 547 00:29:29,720 --> 00:29:31,800 Speaker 1: certainly a couple of names to watch once the market 548 00:29:31,880 --> 00:29:36,000 Speaker 1: opens as well. And speaking of moves and the executive 549 00:29:36,240 --> 00:29:39,240 Speaker 1: sections of some companies, we had a pretty big move 550 00:29:39,320 --> 00:29:43,600 Speaker 1: from Lowe's. We did so on Friday. The CFO Dave 551 00:29:43,680 --> 00:29:46,800 Speaker 1: Denton has said that he's going to leave the company 552 00:29:46,800 --> 00:29:50,440 Speaker 1: for another opportunity outside of the firm. It's a departure 553 00:29:50,680 --> 00:29:54,360 Speaker 1: that Wells Fargo is saying is an incremental negative. That 554 00:29:54,440 --> 00:29:57,080 Speaker 1: is a direct quote, but they still maintain an overview 555 00:29:57,360 --> 00:29:59,640 Speaker 1: on the shares. Remember, this is a company that has 556 00:29:59,680 --> 00:30:01,960 Speaker 1: done very well in terms of the post pandemic boom. 557 00:30:01,960 --> 00:30:04,920 Speaker 1: It turns a home builder stocks as well. So to 558 00:30:05,040 --> 00:30:08,160 Speaker 1: see lows see this move, you are seeing Llow down 559 00:30:08,160 --> 00:30:11,800 Speaker 1: about seven tenths of one percent. Nevertheless, not as bad 560 00:30:12,040 --> 00:30:14,600 Speaker 1: as other previous CFO move that we have seen. So 561 00:30:14,760 --> 00:30:17,719 Speaker 1: this is perhaps a temporary situation with something to keep 562 00:30:17,720 --> 00:30:20,400 Speaker 1: an eye on as we see traders really digest the 563 00:30:20,400 --> 00:30:22,880 Speaker 1: news of that c suite shake up. We shall also 564 00:30:22,920 --> 00:30:25,520 Speaker 1: mentioned Newmont very quickly. Nathan any M is your taker 565 00:30:25,600 --> 00:30:28,160 Speaker 1: up one point four percent today is one of your 566 00:30:28,200 --> 00:30:30,520 Speaker 1: only um looking at this twenty three stocks in the 567 00:30:30,520 --> 00:30:32,760 Speaker 1: green this morning, and this comes after I think, following 568 00:30:32,760 --> 00:30:35,960 Speaker 1: gold and silver the only medals higher in the commodity space, 569 00:30:36,000 --> 00:30:38,600 Speaker 1: boosting those Newmont chairs this morning. All right, Bloomberg Radio 570 00:30:38,600 --> 00:30:42,040 Speaker 1: and TV markets correspondent Credy Gupta with us this morning 571 00:30:42,080 --> 00:30:44,480 Speaker 1: and looking at stocks as a whole ahead of the open, 572 00:30:44,880 --> 00:30:47,120 Speaker 1: and cret just alluded to the fact that they're pointing 573 00:30:47,120 --> 00:30:49,400 Speaker 1: lower just twenty three or in the green right now. 574 00:30:49,520 --> 00:30:52,880 Speaker 1: S and p futures are lower by seventeen points down. 575 00:30:52,920 --> 00:30:56,520 Speaker 1: Futures down thirty four. NASTAC futures leading declines this morning, 576 00:30:56,560 --> 00:31:00,200 Speaker 1: down a hundred fourteen points ten. Your treasury down seven 577 00:31:00,240 --> 00:31:03,000 Speaker 1: ten thirty seconds. The yield now at two point seven 578 00:31:03,120 --> 00:31:05,720 Speaker 1: six percent. The yield on the two year two point 579 00:31:05,760 --> 00:31:08,680 Speaker 1: five seven nim X screwed right now down two and 580 00:31:08,720 --> 00:31:10,880 Speaker 1: three quarters per cent, or two dollars seventy cents at 581 00:31:10,960 --> 00:31:14,960 Speaker 1: ninety five dollars fifty four cents of barrel. You're listening 582 00:31:15,000 --> 00:31:24,280 Speaker 1: to Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today 583 00:31:24,320 --> 00:31:26,720 Speaker 1: at a high near sixty. Morning showers tomorrow, but they'll 584 00:31:26,760 --> 00:31:30,240 Speaker 1: clear during the afternoon. Low seventies, partly sunny, upper sixties 585 00:31:30,280 --> 00:31:37,600 Speaker 1: by Wednesday. Right now forty one degrees in Central Park markets. 586 00:31:37,680 --> 00:31:40,760 Speaker 1: Headlines and breaking news twenty four hours a day at 587 00:31:40,800 --> 00:31:44,200 Speaker 1: Bloomberg dot Com, the Bloomberg Business apt and at Bloomberg 588 00:31:44,280 --> 00:31:53,640 Speaker 1: Quick Tape. He's a Bloomberg Business Flash Fine. I'm Karen 589 00:31:53,720 --> 00:31:57,000 Speaker 1: Moscow US dot Index futures are following this morning, along 590 00:31:57,000 --> 00:31:59,360 Speaker 1: with nine next screwed oil. We go to the first 591 00:31:59,360 --> 00:32:02,880 Speaker 1: word Breaking used desk for today's morning call. Here's Bill Maloney. Bill, 592 00:32:02,920 --> 00:32:06,520 Speaker 1: good morning, Hey, good morning, Karen. That's right. US features 593 00:32:06,560 --> 00:32:08,480 Speaker 1: are in the red right now, with doubt features down 594 00:32:08,480 --> 00:32:11,840 Speaker 1: fifty three points dropped twenty two. Nasday futures are off 595 00:32:12,080 --> 00:32:15,000 Speaker 1: by a hundred and forty one. The US ten yeeld 596 00:32:15,040 --> 00:32:17,640 Speaker 1: the two point seven six percent, Gold is up six 597 00:32:17,680 --> 00:32:21,320 Speaker 1: oil is down, and Bitcoin sinks by three point nine percent. 598 00:32:21,640 --> 00:32:24,600 Speaker 1: Shanghai fell two point six percent overnight, while up markets 599 00:32:24,600 --> 00:32:27,400 Speaker 1: are quiet this morning and back in the US, nothing 600 00:32:27,440 --> 00:32:30,400 Speaker 1: to report on the economic front. In other news, Elon 601 00:32:30,480 --> 00:32:33,600 Speaker 1: Must decided not to join Twitter's board, and the deal 602 00:32:33,640 --> 00:32:36,280 Speaker 1: News sale Point to be acquired by tom A Bravo 603 00:32:36,360 --> 00:32:40,600 Speaker 1: for six share in cash. Wrapping things up in video 604 00:32:40,640 --> 00:32:43,320 Speaker 1: was cutting neutral at Robert Baird, American Express, cuting neutral 605 00:32:43,320 --> 00:32:46,360 Speaker 1: at JP Morgan and Gero. Price was cut to hold 606 00:32:46,640 --> 00:32:49,520 Speaker 1: over at Jeffreys Live. From the first to breaking news 607 00:32:49,560 --> 00:32:51,800 Speaker 1: desk on Bill Maloney, care all right, Bill, thank you, 608 00:32:51,840 --> 00:32:54,120 Speaker 1: and to hear live breaking news of her Bloomberg type 609 00:32:54,160 --> 00:32:57,720 Speaker 1: squawk on your terminal, squ a w K and Fiser 610 00:32:57,760 --> 00:33:01,000 Speaker 1: announcing a new CFO named Dave at Denton to the 611 00:33:01,080 --> 00:33:04,080 Speaker 1: post and we check the markets every fifteen minutes throughout 612 00:33:04,080 --> 00:33:07,320 Speaker 1: the Trading Day on Bloomberg. And and now it's time 613 00:33:07,360 --> 00:33:09,000 Speaker 1: for a look at what's going on around the world. 614 00:33:09,000 --> 00:33:12,720 Speaker 1: And here's Michael Barr. Michael, thank you very much. Karena. 615 00:33:12,800 --> 00:33:16,640 Speaker 1: Russia is putting one of its most experienced military officers, 616 00:33:16,680 --> 00:33:19,200 Speaker 1: who was said to have a record of brutality, in 617 00:33:19,360 --> 00:33:23,200 Speaker 1: charge of its invasion of Ukraine. Meanwhile, Ukraine is preparing 618 00:33:23,240 --> 00:33:26,040 Speaker 1: for a whole new battle from Russia in the eastern 619 00:33:26,080 --> 00:33:29,600 Speaker 1: part of the country. In France, President mccram will face 620 00:33:29,680 --> 00:33:34,480 Speaker 1: far right candidate Marine Lepin in runoff elections being held 621 00:33:34,520 --> 00:33:37,880 Speaker 1: this month. The first round of voting yesterday, McCraw had 622 00:33:38,840 --> 00:33:43,000 Speaker 1: of the vote and Lepine of the vote. In golf, 623 00:33:43,000 --> 00:33:46,120 Speaker 1: Scottie Scheffler has one of the masters. In baseball, the 624 00:33:46,160 --> 00:33:49,160 Speaker 1: Red Sox beat the Yankees for three. The Nationals beat 625 00:33:49,200 --> 00:33:52,200 Speaker 1: the Mets, four to the Giants and A's one. The 626 00:33:52,240 --> 00:33:56,200 Speaker 1: Orioles lost. On the final day of the regular NBA season, 627 00:33:56,280 --> 00:33:59,200 Speaker 1: the Nets, nick, Celtics and Warriors won, the Wizards lost. 628 00:33:59,480 --> 00:34:02,840 Speaker 1: In any telling Capital, the Capitals that Should Say beat 629 00:34:02,920 --> 00:34:06,680 Speaker 1: the Bruins four two. Global News twenty four hours a 630 00:34:06,760 --> 00:34:09,440 Speaker 1: day on air and on Bloomberg Quick Take, powered by 631 00:34:09,480 --> 00:34:13,759 Speaker 1: more than dred journalists, analysts more than twenty countries. I'm 632 00:34:13,800 --> 00:34:16,799 Speaker 1: Michael Barr, and this is Bloomberg. Karen all right, Michael Barr, 633 00:34:16,880 --> 00:34:19,560 Speaker 1: thank you. It is sixty nine on Wall Street and 634 00:34:19,600 --> 00:34:22,120 Speaker 1: we turned to news in science and technology now with 635 00:34:22,200 --> 00:34:24,960 Speaker 1: the Bloomberg and j I T STEM Report, brought to 636 00:34:25,000 --> 00:34:28,120 Speaker 1: you by New Jersey Institute of Technology. Frank to top 637 00:34:28,200 --> 00:34:31,680 Speaker 1: fifty national public university by US News and World Report 638 00:34:31,760 --> 00:34:34,960 Speaker 1: and top ten for best career placement among public schools 639 00:34:35,040 --> 00:34:37,680 Speaker 1: by the Princeton Review. Begin more at n j I 640 00:34:37,760 --> 00:34:39,879 Speaker 1: T DOT E D U I know. Here's let's making 641 00:34:39,880 --> 00:34:43,960 Speaker 1: news and science, technology, engineering and math. In China, the 642 00:34:44,000 --> 00:34:47,600 Speaker 1: country's largest COVID outbreak in two years continues to spread. 643 00:34:47,640 --> 00:34:50,360 Speaker 1: There were more than twenty six thousand new daily infections 644 00:34:50,400 --> 00:34:54,200 Speaker 1: reported in Shanghai Sunday, and all time high. That's despite 645 00:34:54,200 --> 00:34:57,120 Speaker 1: an extended lockdown to the city's twenty five million residents. 646 00:34:57,440 --> 00:35:00,280 Speaker 1: It's another twist in the week long saga of Twitter 647 00:35:00,360 --> 00:35:03,080 Speaker 1: and Elon Musk. As we've been reporting, Twitter said the 648 00:35:03,080 --> 00:35:06,320 Speaker 1: world's richest person has decided not to join its board 649 00:35:06,360 --> 00:35:09,719 Speaker 1: that touched, offering new speculation about the company's future. Musk 650 00:35:09,760 --> 00:35:12,279 Speaker 1: owns just over nine percent of Twitter stock. If he 651 00:35:12,320 --> 00:35:15,560 Speaker 1: doesn't join the board, Musk wouldn't be subject to an 652 00:35:15,600 --> 00:35:17,920 Speaker 1: agreement to keep his stake at no more than fourteen 653 00:35:17,920 --> 00:35:21,000 Speaker 1: point nine percent. And Amazon is a long way from 654 00:35:21,080 --> 00:35:24,520 Speaker 1: launching its promised rown delivery service despite spending more than 655 00:35:24,560 --> 00:35:28,439 Speaker 1: two billion dollars. A Bloomberg investigation reveals a program hurt 656 00:35:28,440 --> 00:35:32,400 Speaker 1: by technical challenges, high turnover, and safety concerns. A crash 657 00:35:32,480 --> 00:35:36,439 Speaker 1: last year had regulators questioning the drones airworthiness. Amazon said 658 00:35:36,440 --> 00:35:39,440 Speaker 1: it expects these types of events to occur, and it 659 00:35:39,440 --> 00:35:42,400 Speaker 1: applies the learnings from each flight to improving safety. And 660 00:35:42,400 --> 00:35:44,920 Speaker 1: that's a Bloomberg and j I t Stem report. Nathan, 661 00:35:45,120 --> 00:35:46,920 Speaker 1: all right, Karen, thank you. We are live from the 662 00:35:46,920 --> 00:35:50,200 Speaker 1: Bloomberg Interactive Brokers studios were to six fifty one on 663 00:35:50,239 --> 00:35:52,279 Speaker 1: Wall Street Time Now to check what's going on in 664 00:35:52,360 --> 00:35:54,720 Speaker 1: d C. Some of the top stories in our nation's 665 00:35:54,760 --> 00:35:58,040 Speaker 1: capital include the US offering more support to Ukraine as 666 00:35:58,080 --> 00:36:01,200 Speaker 1: the war with Russia intensifies to the east. White House 667 00:36:01,280 --> 00:36:04,520 Speaker 1: National Security Advisor Jake Sullivan made the Sunday Show Rounds. 668 00:36:04,640 --> 00:36:07,120 Speaker 1: He told NBC's Meet the Press, more weapons are on 669 00:36:07,160 --> 00:36:10,360 Speaker 1: the way. We are proud of that contribution, but we 670 00:36:10,400 --> 00:36:13,640 Speaker 1: are not resting until we have given them everything that 671 00:36:13,760 --> 00:36:15,840 Speaker 1: they need to be able to succeed in their aims. 672 00:36:15,880 --> 00:36:20,080 Speaker 1: On ABC's This Week, Sullivan accused Russia planning civilian attacks 673 00:36:20,120 --> 00:36:22,960 Speaker 1: from the beginning. The images that we've seen at a 674 00:36:23,040 --> 00:36:26,759 Speaker 1: Buscha and other cities have been tragic. They've been horrifying, 675 00:36:26,880 --> 00:36:30,600 Speaker 1: they've been downright shocking, but they have not been surprising. 676 00:36:30,640 --> 00:36:33,719 Speaker 1: And on CBSS Face the Nations, Sullivan said sanctions are 677 00:36:33,800 --> 00:36:37,240 Speaker 1: having an impact. President Putin himself is acknowledging the pain 678 00:36:37,560 --> 00:36:40,799 Speaker 1: on the Russian economy. He himself has spoken about the 679 00:36:40,840 --> 00:36:43,680 Speaker 1: extent to which the Russian economy has gotten hit. Also 680 00:36:43,719 --> 00:36:47,359 Speaker 1: making news, coronavirus getting closer to President Biden. Cases are 681 00:36:47,400 --> 00:36:50,160 Speaker 1: on the rise along the East Coast. Dr Anthony Faucci 682 00:36:50,280 --> 00:36:53,359 Speaker 1: was on this Week, this is not unexpected that you're 683 00:36:53,360 --> 00:36:56,440 Speaker 1: going to see an uptick when you pull back on 684 00:36:56,480 --> 00:36:59,640 Speaker 1: the mitigation methods. And Cleveland FED President Loretta Mester was 685 00:36:59,680 --> 00:37:02,719 Speaker 1: on US the Nation, saying inflation could remain above two 686 00:37:02,760 --> 00:37:06,000 Speaker 1: percent this year and next, but Mestr says she's confident 687 00:37:06,040 --> 00:37:09,000 Speaker 1: the US can avoid recession. We are taking actions, we 688 00:37:09,080 --> 00:37:12,640 Speaker 1: have the process underway to remove accommodation and remove it 689 00:37:12,840 --> 00:37:15,640 Speaker 1: the emergency accommodation that was so needed at the start 690 00:37:15,680 --> 00:37:18,280 Speaker 1: of the pandemic and throughout. Now we're in the process 691 00:37:18,320 --> 00:37:21,360 Speaker 1: of removing it so that we do get inflation under control. 692 00:37:21,640 --> 00:37:23,960 Speaker 1: Face the Nation this week and Meet the press. Can 693 00:37:23,960 --> 00:37:26,800 Speaker 1: all be heard every Sunday right here on Bloomberg Radio 694 00:37:26,880 --> 00:37:28,400 Speaker 1: and for more on all these stories were joined by 695 00:37:28,400 --> 00:37:32,360 Speaker 1: Bloomberg Government reporter Emily Wilkins, starting off with the latest 696 00:37:32,480 --> 00:37:35,439 Speaker 1: in the war in Ukraine. Emily, we are getting more 697 00:37:35,520 --> 00:37:39,600 Speaker 1: reports that the fighting is intensifying, and the President Zelenski 698 00:37:39,719 --> 00:37:44,439 Speaker 1: expects that intensification to continue to his country's east. How 699 00:37:44,480 --> 00:37:48,400 Speaker 1: if it all does that shift to the war shift? 700 00:37:48,480 --> 00:37:52,520 Speaker 1: The US response, Well, it looks like a big part 701 00:37:52,560 --> 00:37:55,000 Speaker 1: of this is going to be coming in what weapons 702 00:37:55,080 --> 00:37:57,839 Speaker 1: the US saying Gerpe are going to be sending over 703 00:37:57,880 --> 00:38:01,279 Speaker 1: to Ukraine. It sounds like the are anticipating that this 704 00:38:01,360 --> 00:38:05,359 Speaker 1: might go to Sorready ground style World War two s war, 705 00:38:05,440 --> 00:38:08,960 Speaker 1: where you've got large operations meeting each other on a battlefield. 706 00:38:09,239 --> 00:38:12,600 Speaker 1: For that, Ukraine is going to need heavier, larger weapons 707 00:38:12,600 --> 00:38:15,400 Speaker 1: than what the US has currently been sending. And you 708 00:38:15,400 --> 00:38:18,840 Speaker 1: did hear Jake Sullivan acknowledged that there is that need 709 00:38:19,080 --> 00:38:21,319 Speaker 1: for a different type of weapons. He says that the 710 00:38:21,400 --> 00:38:24,680 Speaker 1: US is currently actually looking at trying to see if 711 00:38:24,680 --> 00:38:27,960 Speaker 1: they can train Ukrainians on specific types of weapons that 712 00:38:28,000 --> 00:38:31,000 Speaker 1: they might not be currently able to handle, and sort 713 00:38:31,000 --> 00:38:33,360 Speaker 1: of get that training in place so they can handle 714 00:38:33,360 --> 00:38:36,560 Speaker 1: some of this other operations that the US can send over. 715 00:38:37,120 --> 00:38:39,560 Speaker 1: And I understand that President Biden is going to be 716 00:38:39,600 --> 00:38:44,240 Speaker 1: meeting virtually today with the Prime Minister of India Norrendra Modi. 717 00:38:44,600 --> 00:38:46,759 Speaker 1: Got to think that the war in Ukraine will be 718 00:38:46,880 --> 00:38:50,640 Speaker 1: top of mind for both those leaders, oh acent names, 719 00:38:50,680 --> 00:38:53,000 Speaker 1: and that's going to sort of be the spotlight there 720 00:38:53,400 --> 00:38:57,040 Speaker 1: as Biden tries to convince Prime Minister Modi that he 721 00:38:57,120 --> 00:39:00,400 Speaker 1: really needs to be doing more in this particular effort. 722 00:39:00,640 --> 00:39:03,000 Speaker 1: At this point, you really haven't seeing Moody come out 723 00:39:03,040 --> 00:39:06,240 Speaker 1: and criticize Putin. You've seen them continue to buy Russian 724 00:39:06,320 --> 00:39:08,680 Speaker 1: oil and gas, and we know that that's a big 725 00:39:08,680 --> 00:39:10,759 Speaker 1: part of the reason that Russia is kind of able 726 00:39:10,800 --> 00:39:14,400 Speaker 1: to continue to fund their war even with these economic sanctions. 727 00:39:14,920 --> 00:39:18,160 Speaker 1: That's really a huge point. Intensions between the US and India. 728 00:39:18,239 --> 00:39:22,880 Speaker 1: They've really risen over recent weeks around the war in Ukraine, 729 00:39:23,200 --> 00:39:26,480 Speaker 1: and so this could be a potential opportunity to reset 730 00:39:26,480 --> 00:39:30,920 Speaker 1: those relationships a little bit. Obviously, also potential topic of 731 00:39:30,960 --> 00:39:34,600 Speaker 1: conversation today is simply the security partnership between the US 732 00:39:34,680 --> 00:39:38,800 Speaker 1: and India when it comes to countering influences like China's 733 00:39:39,400 --> 00:39:43,080 Speaker 1: and when you think about purchases of Russian oil and gas. 734 00:39:43,160 --> 00:39:46,919 Speaker 1: Obviously that's still happening on the European side as well. 735 00:39:46,960 --> 00:39:49,600 Speaker 1: Are we seeing or hearing any more movement when it 736 00:39:49,640 --> 00:39:53,359 Speaker 1: comes to the US trying to help Europe reduce its 737 00:39:53,360 --> 00:39:57,759 Speaker 1: dependence on Russian energy. So that's definitely a tricky one 738 00:39:57,760 --> 00:40:01,359 Speaker 1: to solve, just because Europe relies on Russian energy so 739 00:40:01,360 --> 00:40:03,879 Speaker 1: so much more than the U. S. Has. You did 740 00:40:03,880 --> 00:40:06,480 Speaker 1: hear Jake Sulliban talk a little bit about it this 741 00:40:06,800 --> 00:40:09,960 Speaker 1: past weekend, saying that the US was doing everything that 742 00:40:10,040 --> 00:40:12,520 Speaker 1: they could, working over time to try to get that 743 00:40:12,640 --> 00:40:16,200 Speaker 1: liquefied natural gas to Europe. But I think it's a 744 00:40:16,320 --> 00:40:19,000 Speaker 1: it's you know, it's it's a larger problem. It's you 745 00:40:19,239 --> 00:40:22,120 Speaker 1: the US was able to cut off it's Russian oil 746 00:40:22,239 --> 00:40:25,759 Speaker 1: importance fairly quickly, because it's only about eight percent of 747 00:40:25,760 --> 00:40:28,160 Speaker 1: what the U s receives obviously for some of these 748 00:40:28,239 --> 00:40:31,040 Speaker 1: European nations that rely much more heavily on it, it 749 00:40:31,120 --> 00:40:34,320 Speaker 1: is a big question of where is this other oil 750 00:40:34,320 --> 00:40:36,200 Speaker 1: and gas going to come from? And how do you 751 00:40:36,239 --> 00:40:39,120 Speaker 1: prevent from having an energy crisis in some of these countries. 752 00:40:39,440 --> 00:40:40,920 Speaker 1: And the time we have left Emily, I want to 753 00:40:40,920 --> 00:40:44,000 Speaker 1: turn to domestic policy because we've heard from a White 754 00:40:44,000 --> 00:40:46,080 Speaker 1: House this morning that there's going to be an announcement 755 00:40:46,120 --> 00:40:49,000 Speaker 1: when it comes to a gun regulation. What more can 756 00:40:49,040 --> 00:40:52,080 Speaker 1: you tell us about that? Yeah, this is going to 757 00:40:52,200 --> 00:40:55,640 Speaker 1: obviously a huge priority for the Biden administration and something 758 00:40:55,680 --> 00:40:57,959 Speaker 1: that they really have to move alone on just given 759 00:40:58,000 --> 00:41:01,319 Speaker 1: the fact that Congress is deadlocked over this issue. One 760 00:41:01,360 --> 00:41:04,840 Speaker 1: big thing we're going to see President Biden nominate former 761 00:41:04,960 --> 00:41:08,319 Speaker 1: U S Attorney in Ohio, Steve Dentlboch as the new 762 00:41:08,400 --> 00:41:11,600 Speaker 1: head for the Bureau of Alcohol, Tobacco, Firearms and Explosives 763 00:41:11,760 --> 00:41:15,200 Speaker 1: f d A. We saw the last individual that Biden 764 00:41:15,239 --> 00:41:19,480 Speaker 1: nominated for this role he wasn't able to since that nomination, 765 00:41:19,520 --> 00:41:21,960 Speaker 1: there was a lot of controversy over it, and so 766 00:41:22,080 --> 00:41:24,440 Speaker 1: we're going to see if if it's the new nominee 767 00:41:24,480 --> 00:41:27,279 Speaker 1: is going to be having any more be able to 768 00:41:27,320 --> 00:41:31,799 Speaker 1: sort of overcome those obstacles that we saw. UM. We're 769 00:41:31,800 --> 00:41:34,360 Speaker 1: also going to see the Biden administration push for some 770 00:41:34,440 --> 00:41:37,560 Speaker 1: other things. We've seen him go ahead and talk a 771 00:41:37,600 --> 00:41:40,720 Speaker 1: little bit about ghost guns, about three D printed guns, 772 00:41:41,120 --> 00:41:43,040 Speaker 1: and we are going to see now the Justice Department 773 00:41:43,040 --> 00:41:46,480 Speaker 1: moving to finalize a federal rule on that. Because those 774 00:41:46,480 --> 00:41:49,279 Speaker 1: guns are untraceable, they don't have the serial numbers that 775 00:41:49,360 --> 00:41:52,279 Speaker 1: other guns have. UM, So it's gonna be a new 776 00:41:52,400 --> 00:41:55,399 Speaker 1: rule that really requires manufacturers who sell these ghost gun 777 00:41:55,520 --> 00:41:59,120 Speaker 1: kits to obtain federal licenses and serial numbers so those 778 00:41:59,120 --> 00:42:02,160 Speaker 1: guns can be tracked like other guns. Thanks for this 779 00:42:02,239 --> 00:42:06,200 Speaker 1: as always, Emily. Emily Wilkins, reporter for Bloomberg. Government with 780 00:42:06,320 --> 00:42:09,000 Speaker 1: us from Washington, d C. And you can read more 781 00:42:09,080 --> 00:42:11,880 Speaker 1: about these stories on Bloomberg dot com or on the 782 00:42:11,880 --> 00:42:15,120 Speaker 1: Bloomberg terminal and follow all the latest on Bloomberg Radio 783 00:42:15,200 --> 00:42:19,200 Speaker 1: in Washington. Bloomberg and one oh five point seven FM 784 00:42:19,400 --> 00:42:22,959 Speaker 1: h D two SMP Future is now down fourteen points, 785 00:42:22,960 --> 00:42:26,680 Speaker 1: Staff futures down thirteen NASDAC futures leading the declines this morning. 786 00:42:26,719 --> 00:42:29,560 Speaker 1: They're down a hundred seven points. The Tenure Treasury is 787 00:42:29,640 --> 00:42:33,399 Speaker 1: down fifteen thirty seconds. The yield two point seven five 788 00:42:33,480 --> 00:42:36,360 Speaker 1: percent on the benchmark tenure note, and nime X screwed 789 00:42:36,440 --> 00:42:39,440 Speaker 1: now down three and a half percent, ninety four dollars 790 00:42:39,480 --> 00:42:44,239 Speaker 1: eighty seven cents of barrel. Bloomberg surveillance is next for 791 00:42:44,360 --> 00:42:47,839 Speaker 1: Karen Moscow. I'm Nathan Hager, and this is Bloomberg.