Speaker 1: Bike from the Bloomberg Interactive Brooker Studios is his Bloomberg
Speaker 1: Daybreak for Monday, April eleventh, two. Coming up this hour,
Speaker 1: Ukraine expects Russia to whiten it's offensive. This week, Emmanuel
Speaker 1: mcrown is set to face his nationalist rival Marine le
Speaker 1: Penn in the final round of the French election. A
Speaker 1: surgeon Treasury yield sends ripples across global markets and Twitter
Speaker 1: shares line after Elon Musk turns down a spot on
Speaker 1: the company's board. New York Mayor Eric Adams desks positive
Speaker 1: for COVID plus. The Biden administration plans to announce new
Speaker 1: rules today around ghost guns. I like labarn or ahead.
Speaker 1: I'm John Stash toward sports losses for the Yankees and
Speaker 1: Matts wins for the Knicks and Nets, and Scottie Scheffler
Speaker 1: won the Masters. That's all's trendy head on Bloomberg Daybreak
Speaker 1: on Bloomberg eleven Free on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco syrius XM one nine team and around
Speaker 1: the world on Bloomberg Radio dot Com and via the
Speaker 1: Bloomberg Business App. Good morning, I'm Nathan Hager and I'm
Speaker 1: Karen Moscow and futures are lower to start the week.
Speaker 1: We are coming up to six oh one on Wall Street.
Speaker 1: We check the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg. S and P futures are down amost
Speaker 1: fifteen points this morning. Daw features down nineteen, nas Day
Speaker 1: features down one two contending. Your treasury down thirteen thirty seconds.
Speaker 1: He'll two point seven five percent, and the yield on
Speaker 1: the two year two point five seven percent. Name x
Speaker 1: Scrude oil is down two and a half percent, down
Speaker 1: two dollars forty eight cents at ninety five seventy eight
Speaker 1: cents of barrel. The euro is at one point oh
Speaker 1: no to five against the dollar. Nathan, all right, Karen,
Speaker 1: we'll have more on the markets in a minute. First,
Speaker 1: the latest on the war in Ukraine. Austria's chancellor says
Speaker 1: he will meet with Russian President Vladimir Putin in Moscow
Speaker 1: today as fighting intensifies in the east. Ukraine says Russian
Speaker 1: missiles destroyed the airport in its fourth largest city, tonepro
Speaker 1: president Vladimir's lynch. He says he expects Russia to turn
Speaker 1: to even more large scale action this week. In an
Speaker 1: interview on CBS IS sixty Minutes, correspondent Scott Pelley asked
Speaker 1: Zelenski what Ukraine needs from the US and NATO weapons
Speaker 1: Number One, They need to be very serious about it.
Speaker 1: They definitely understand what I'm talking about right now. They
Speaker 1: have to supply weapons to Ukraine as if they were
Speaker 1: defending themselves and their own people. Ukrainian President Vladimir Zelenski
Speaker 1: made those comments on CBS IS sixty minutes, which can
Speaker 1: be heard every Sunday on Bloomberg in Washington. Meanwhile, Nathan
Speaker 1: cries are growing louder around the world for Russia to
Speaker 1: face a war crimes tribunal. They get the story from
Speaker 1: Bloomberg's head Baxter n s A director Jake Sullivan says,
Speaker 1: it's gone beyond the pale. I think we can all
Speaker 1: say that these are mass atrocities, These are war crimes.
Speaker 1: These are shocking and brutal ax that are completely unacceptable
Speaker 1: beyond the pale for the international community. Sullivan on ABC
Speaker 1: has heard here. Bloomberg says they lead directly to Vladimir Poot.
Speaker 1: Make no mistake the larger issue of broad scale war
Speaker 1: crimes and atrocities in Ukraine lies at the feet of
Speaker 1: the Kremlin. This as Ukraine expects a major Russian invasion
Speaker 1: of the East. In San Francisco, I'm at Baxter Bloomberg daybreak,
Speaker 1: All right, and thanks. Turning to politics, a runoff election
Speaker 1: is coming in the presidential race in France. President Emmanuel
Speaker 1: mccron will square off with nationalist Marine Lepin after a
Speaker 1: tight first round vote. We get more from Bloomberg's Fencing
Speaker 1: Laqua in Paris. It's a rerun of the contest. According
Speaker 1: to first projections, mccollon got around twenty eight percent of
Speaker 1: the vote compared with about twenty four percent for Lepin
Speaker 1: in the first round. But mccon win is far from certain,
Speaker 1: as votes from trailing candidates such as John Nickminonchan may
Speaker 1: go to Lepin. While the presidents perceived arrogance turned off
Speaker 1: many voters and helped Lupin to frame him as a
Speaker 1: president for the rich, he's made France a favorite destination
Speaker 1: for foreign investors and pushed employee and to the highest
Speaker 1: on record in Paris and from Sin Laqua Bloomberg Daybreak,
Speaker 1: All right, Francie, Thank you. Another major story we are
Speaker 1: following involves the US economy. The relentless rise of treasury
Speaker 1: yields continues to send waves through global markets. Ten your
Speaker 1: yields climbed through two point seven five for the first
Speaker 1: time in more than three years, as investors priced in
Speaker 1: the impact of the federal reserves tightening plan and accelerating inflation.
Speaker 1: Cleveland Fed President the Redemester is confident the US will
Speaker 1: avoid a recession despite the high inflation. I think that
Speaker 1: it will take some time to get inflation down because,
Speaker 1: as you know, there's other things going on in the
Speaker 1: economy that are adding the price pressures, including the commodity
Speaker 1: praising increases and energy price increases that are happening UM
Speaker 1: as well. So I think inflation will remain above two
Speaker 1: percent this year and even next year, but the trajectory
Speaker 1: will be that will be moving down. In Cleveland Fed.
Speaker 1: President the Redemester made the comments on CBS is Faith
Speaker 1: and Nation, which can be heard Sundays on Bloomberg Radio.
Speaker 1: Another major stories developing on the equity front, Karen It
Speaker 1: has shares of Twitter sliding this morning. Elon Musk has
Speaker 1: decided not to join the board of the social media company.
Speaker 1: After all, let's get the latest lie from Bloomberg's or
Speaker 1: need a young good morning, Good morning, Nathan. It was
Speaker 1: just a week ago that Twitter swored more than twenty
Speaker 1: seven percent after Elon Musk took his nine point two
Speaker 1: percent stake in the company. Twitter said shortly after that
Speaker 1: Musk would join the board, and the billionaire has been
Speaker 1: vocal about changes he'd like to see a Twitter in
Speaker 1: the name of free speech. But Musk's abrupt reversal in
Speaker 1: his decision to join the board ignites renewed speculation about
Speaker 1: his intentions for Twitter as its largest individual shareholder, and
Speaker 1: if he does not join the board, Musk would not
Speaker 1: be subject to an agreement to keep his steak at
Speaker 1: no more than fourteen point nine percent. Live in New York,
Speaker 1: I'm gonned a young Bloomberg day break, All right, Grinita,
Speaker 1: Thank you a boy. The Musk news is having an
Speaker 1: impact on the blank check company that is bringing Donald
Speaker 1: Trump's media venture public Digital World acquisition is that more
Speaker 1: than eight percent in pre market trading. Well Earnings will
Speaker 1: also be in focus this week, Karen. With big banks
Speaker 1: kicking off reporting season for the first quarter, we get
Speaker 1: more from Bloomberg's Charlie Pellett, Investors will learn how Wall
Speaker 1: Street fair last quarter amid heightened volatility stemming from the
Speaker 1: rush of Ukraine conflict, and to focus on the federal
Speaker 1: reserves tightening path. Tony Dwyer is equity strategist at Canecord Genuity.
Speaker 1: It's going to be a positive earning season. The commentary
Speaker 1: is going to be sketchy. It's going to create this volatility.
Speaker 1: JP Morgan Chase will be first out of the gate
Speaker 1: with earnings on Wednesday. Thursday gets very busy with reports
Speaker 1: from City Group, Wells Fargo, Goldman, Sacks, Morgan, Stanley, and
Speaker 1: p MC in New York. Charlie Pellett bloom Bird daybreak right, Charlie,
Speaker 1: thank you all. Turning to the pandemic, COVID is back
Speaker 1: on the rise, driven by the vo omicron subvariant. Infections
Speaker 1: are at their highest levels in about a month. White
Speaker 1: House Chief Medical Adviser Dr. And Anthony Fauci says Americans
Speaker 1: will need to make their own risk assessments going forward.
Speaker 1: There will be a level of infection. This is not
Speaker 1: going to be eradicated and it's not going to be eliminated.
Speaker 1: And what's gonna happen is that we're going to see
Speaker 1: that each of the visual is going to have to
Speaker 1: make their calculation of the amount of risk that they
Speaker 1: want to take. And Anthony Faucci made the comments on
Speaker 1: ABC's This Week, which can be heard Sundays on Bloomberg Radio,
Speaker 1: and futures are moving lower This morning, straight ahead your
Speaker 1: latest local headlines, plus a check of sports. And this
Speaker 1: is Bloomberg. Thanks ten six o seven on Wall Street,
Speaker 1: forty one degrees in Central Park beyond accident and Wayne
Speaker 1: the off band from Route eighty to Root twenty three
Speaker 1: or forty six is closed. Michael Barr has more on
Speaker 1: what's going on in New York and around the world. Michael,
Speaker 1: thank you very much. Nathan, New York City Mayor Eric
Speaker 1: Adams has tested pot of positive of COVID nineteen. The
Speaker 1: spokesperson for the mayor says that Adams woke up with
Speaker 1: a brasspy voice yesterday. Adams took a PCR test that
Speaker 1: came back positive. Mayor Adams was one of dozens of
Speaker 1: high profile politicians that tested positive after attending the Gridiron
Speaker 1: Dinner in Washington. D c Dr Eric Asher with Lennox
Speaker 1: Hill Hospital says the Mayor's infection is a reminder that
Speaker 1: the virus does not discriminate. Anybody is validiable to get COVID,
Speaker 1: and we just hope that the more folks that are
Speaker 1: vaccinated and boosted, we'll have my older cases. Dr Eric
Speaker 1: Asher Mayor Adams has no other symptoms, but has canceled
Speaker 1: all public events for the week. The virus is also
Speaker 1: affecting Broadway again, with some shows having to cancel performances
Speaker 1: due to positive cases. The Marquee Stars of Plaza Suite
Speaker 1: tested positive for COVID, making it the third production to
Speaker 1: temporarily shut down because of new infections. People in Times
Speaker 1: Square had a scary moment last evening. It started fleeing
Speaker 1: after a series of explosions. This man was walking by
Speaker 1: with one of the explosions happened once I'm saying the fire,
Speaker 1: the cops that are telling me to back up. I
Speaker 1: slowly started backing up, but still I started like then
Speaker 1: a gas thought proceeding lights of fire, and then it's
Speaker 1: actually exploded right in front of me, and that's when
Speaker 1: I just started running. Officials say it turned out a
Speaker 1: cable failure caused one man hold to a run up
Speaker 1: and the second man hole was smoking, no one was hurt,
Speaker 1: and there was no property damage. Today, the Biden Administration
Speaker 1: will announce changing for the first time since the Gun
Speaker 1: Control Act of nineteen sixty eight, the definition of firearm.
Speaker 1: It comes as Senate Majority Leader Chuck Schumer says the
Speaker 1: Biden administration must immediately rein in ghost gun sales. The
Speaker 1: New York senator says ghost gun kits must be treated
Speaker 1: as firearms. The preference would be for Congress to pass
Speaker 1: a law, but we've tried and it's been blocked by
Speaker 1: our Republican colleagues. So we're now asking the administration to
Speaker 1: do this on its own through regulation. Someone will challenge
Speaker 1: it in court, but I think the law will stand.
Speaker 1: Schumer says. Sales of ghost guns are rising around the country.
Speaker 1: Global News twenty four hours a day on a or
Speaker 1: and on Bloomberg Quickdake, powered by more than twenty seven
Speaker 1: hundred journalist and analysts more than a hundred twenty countries.
Speaker 1: Michael Barr and this is Bloomberg. Nathan. Thanks Michael say
Speaker 1: So nine on All Street time for the Bloomberg Sports
Speaker 1: Update with John Stenshower. All right, Nathan, Scottie Scheffler began
Speaker 1: the year having never won a PGA tournament. For what
Speaker 1: a year he is having for a three shot with
Speaker 1: chef behind it, puts it and it's it, and Scotty
Speaker 1: Scheffler hats one of the lake starts to a year
Speaker 1: in Gulf history with his first major championship. The number
Speaker 1: one player in the world there's won four times in
Speaker 1: three months at He's won the twenty two Masters Tournament.
Speaker 1: As his radio her here on Bloomberg Radio. Rory McElroy
Speaker 1: started the day ten shots behind. He finished second with
Speaker 1: a sixty four that tied the record for a Master's
Speaker 1: final round. McIlroy finished his round by holding out of
Speaker 1: the bunker for a birdie, and then his playing partner,
Speaker 1: Colin Morrikawa did the same thing. Yankees and Matt's going
Speaker 1: for season opening sweeps, both lost. Yanks left eleven on
Speaker 1: base when Bobby Doll back homeward sixteting the Red Sox
Speaker 1: one four to three. Anthony so and John Carlos Stanton
Speaker 1: drove in the Yankees runs. They've driven in ten of
Speaker 1: the thirteen runs the Yanks have scored so far. Mets
Speaker 1: had a two one lead eighth Dienn in Washington scored
Speaker 1: three times one four to two Nelson Cruz first stenning
Speaker 1: Homer and later at two one single. Nick's closed out
Speaker 1: the season beating Toronto at the Garden one oh five
Speaker 1: ninety four and I opening weekend for the Knicks. Obie Topping,
Speaker 1: always a fan favorite. Topping sport thirty five points on Friday,
Speaker 1: had forty two points last night, and Emmanuel quickly had
Speaker 1: at thirty four. Net's got thirty five from Kyrie Irving
Speaker 1: beat Indiana one twenty six. They'll host Cleveland tomorrow. Winner
Speaker 1: advances to play Boston in the first round of the playoff.
Speaker 1: The loser will play again on Friday. Joks Dashower, Boomberg Sports,
Speaker 1: Nathan Okay, John, thank you right now. S and P
Speaker 1: futures are down fifteen points down, futures down, NASAC futures
Speaker 1: down a hundred six points. The tenure treasury is down
Speaker 1: UH fourteen thirty seconds. The yield back up to two
Speaker 1: point seven five percent. Yield on the two year two
Speaker 1: point five seven percent. Stay with us, you're listening to
Speaker 1: Bloomberg Daybreak. Bloomberg Daybreak, brought to you by the Jewish
Speaker 1: Communal Fund j c F. Stner Advice Fund, is the
Speaker 1: smart choice to manage your philanthropy, especially in times of crisis.
Speaker 1: Make your giving impactful. Is that JCF and walk dot
Speaker 1: org markets headlines and breaking news twenty four hours a
Speaker 1: day at Bloomberg dot com, the Bloomberg Business at and
Speaker 1: at Bloomberg Quicktake. This is a Bloomberg Business flash and
Speaker 1: I'm Cameron Moscow. Socks and bond falling today as political
Speaker 1: and economic risks away on sentiment. We checked the markets
Speaker 1: every fifteen minutes throughout the trading day on Bloomberg. Right now,
Speaker 1: SNP futures are down twelve points down, futures down five,
Speaker 1: nasdack future is down ninety five. The decks in Germany
Speaker 1: is down about half percent ten. Your treasury down thirteen
Speaker 1: thirty seconds. You two point seven five percent. They yield
Speaker 1: on the two year two point five seven percent. NIMEX
Speaker 1: screude oil is down two point four percent on two
Speaker 1: dollars thirty six cents at ninety seven cents of barrel.
Speaker 1: Comics called up nine ten percent or sixteen dollars sixty cents.
Speaker 1: In nineteen sixty two, twenty announced the euro one three
Speaker 1: two against the dollar. British found one point three zero
Speaker 1: five four the end at one twenty five point to
Speaker 1: seven and Bitcoin this morning down three point six percent
Speaker 1: at forty one thousand, five seventy dollars and Toma Bravo
Speaker 1: will pay sixty five five cents a share for a
Speaker 1: sale point that according to the Financial Times, which sided
Speaker 1: two people with direct knowledge of the details, sale Point
Speaker 1: is up about twenty seven percent in early trading. That's
Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more
Speaker 1: on what's going on around the world. Michael Karen, thank
Speaker 1: you very much. Ostreous Chancellor said he'll meet Russian President
Speaker 1: Vladimir Putin in Moscow today. Meanwhile, Ukraine expects Russia the
Speaker 1: White and it's offensive in the East this week as
Speaker 1: the war continues. A U. S Attorney and the Obama
Speaker 1: Administration is being nominated by President Joe Biden to run
Speaker 1: the Bureau of Alcohol, Tobacco, Firearms and Explosives. Today's announcement
Speaker 1: of Steve dentel Back comes as the Biden administration unveils
Speaker 1: its formal rules rain in ghost guns. In golf, Scottie
Speaker 1: Scheffler has won the Masters. In baseball, the Red Sox
Speaker 1: beat the Yankees for three The Nationals beat the Mets
Speaker 1: four two, The Giants and A's won, the Orioles lost.
Speaker 1: On the final day of the regular NBA season, the Nets, Nick's,
Speaker 1: Celtics and war Riors won, the Wizards lost. In the NHL,
Speaker 1: the Capital's beat the Bruins. For two Global News twenty
Speaker 1: four hours a day on here and on Bloomberg Quickdake,
Speaker 1: powered by more than twenty seven hundred journalist and analyist
Speaker 1: more than a hundred twenty countries. Michael Barr and this
Speaker 1: is Bloomberg. Nathan, Okay, Michael, thank you. It is six
Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg Daybreak. We want to focus a little
Speaker 1: bit on Twitter now because it seems like the drama
Speaker 1: at the social media company just doesn't stop. First, uslo
Speaker 1: CEO Elon Musk reveals he's taken a stake in the
Speaker 1: company rather big one. Then Twitter said that he's joining
Speaker 1: the board. Now they're saying he's actually turned down their
Speaker 1: board offer. Let's try to make sense of what's going
Speaker 1: on at Twitter. Bloomberg Quick Take correspondent Alex Webb is
Speaker 1: with us. He also writes about tech for Bloomberg Opinion.
Speaker 1: Alex good morning. Almost sounds like Twitter might want an
Speaker 1: edit button just for its board moves. I think that
Speaker 1: certainly seems to be what Ellen is making happen right now.
Speaker 1: It's it's in one some way surprising, but then equally,
Speaker 1: in the grand scheme of Elon's you know, tribulations, particularly
Speaker 1: on social media, probably isn't that surprising. It was always
Speaker 1: slightly puzzling because it seems as though his interest do
Speaker 1: not necessarily align with the interests or Twitter shareholders. And
Speaker 1: Twitter shareholders lie they want to make a financial return.
Speaker 1: Elon does not need Twitter to make a financial return.
Speaker 1: The if Twitter gave a thousand percent over the past
Speaker 1: two weeks, that would have been in line with the
Speaker 1: game he made on his Tesla stock. So this was
Speaker 1: really for him more of a an influence play, it seemed,
Speaker 1: and that means his interests were not necessarily the same
Speaker 1: as the rest of the investors, and he still has
Speaker 1: that influence play in play doesn't even with a nine
Speaker 1: point two percent steak with if he's not going to
Speaker 1: join the board, the limit goes off in terms of
Speaker 1: how much bigger he can make that steak now exactly,
Speaker 1: And I think that that is One of the key
Speaker 1: points here that by joining the board as part of
Speaker 1: that agreement, he would have pledged not to expand his
Speaker 1: steak beyond fourteen point nine percent of the stock, and
Speaker 1: by then not joining the board, he can buy as
Speaker 1: big a steak as he wants. Now. Obviously, whether he
Speaker 1: will do so is purely speculation, but it has triggered
Speaker 1: a lot of that speculation. And if he has, you know,
Speaker 1: several board seats which he might get if he were
Speaker 1: to have a bigger steake, or if you were to
Speaker 1: require the whole company, which is a very big if,
Speaker 1: then he could do whatever he wants. And the question
Speaker 1: of whether whatever he wants is still a big one
Speaker 1: as well. Just looking at his Twitter feed, he's thrown
Speaker 1: so many ideas on the wall. Some sound like they
Speaker 1: may be serious, others sound like they aren't. I mean,
Speaker 1: where could this girl from here? I wonder whether Ellen
Speaker 1: knows himself. You know, sometimes you see even in his
Speaker 1: product roadmaps, you know, he will announce these products which
Speaker 1: he wants to bring to market, and then five years
Speaker 1: later there's still no sign of them. So maybe he's
Speaker 1: got the seed of an idea of something he would
Speaker 1: like to do. Maybe it's something to do with free speech.
Speaker 1: Maybe it's just about ensuring that he continues to have
Speaker 1: a voice, because Twitter is an important platform when it
Speaker 1: comes to marketing Tesla for instance, and so ensuring that
Speaker 1: there's no clamp down on that for any reason the
Speaker 1: coming weeks, months, and indeed years, that might be as
Speaker 1: big a reason as anything else. He gets a lot
Speaker 1: of earned media through his Twitter posts. Now does he
Speaker 1: get two point nine billion worth of earned media? That's
Speaker 1: a different question, but it's certainly an important mouthpiece for him. Yeah,
Speaker 1: and when we see all this going on at Twitter, Alex,
Speaker 1: what is this mean for social media more broadly? I mean,
Speaker 1: how do Facebook, for example, or former President Donald Trump's
Speaker 1: nascent venture get affected by what's going on with Elon
Speaker 1: Musk messing around with Twitter. I think the key thing
Speaker 1: to remember here, and this is something particularly important when
Speaker 1: you think about Trump truth social Twitter is not a
Speaker 1: big company in the grand scheme of things. Twitter has
Speaker 1: three hundred and something. I think he's the actually active
Speaker 1: users something like two hundred million active users. Facebook has
Speaker 1: two point nine billion active users. Facebook is a six
Speaker 1: hundred and something billion dollar company. Twitter is a thirty
Speaker 1: billion dollar companies five percent the size of Facebook. I
Speaker 1: often say to people here in the UK that Twitter's
Speaker 1: revenue is the same as the profit that BT, the
Speaker 1: old British telecom makes. You know, it is not a
Speaker 1: big company in the grand scheme of things. It has
Speaker 1: a lot of influence because a lot of people and
Speaker 1: the media use it. If you then look at Trump
Speaker 1: Truth Social, this is also not a big company. It
Speaker 1: is also not going to have anything near the number
Speaker 1: of views that Facebook, or indeed that TikTok has. So
Speaker 1: these things they sometimes make outside noise because you know,
Speaker 1: we use them as people in the media. All the
Speaker 1: influential people around the world use it, but it is
Speaker 1: not as influential as Facebook is or any of the
Speaker 1: Facebook other platforms. Yeah, full disclosure. I use Twitter. Thanks Alex,
Speaker 1: Hey appreciate that. Thank you. Alex Webb, Bloomberg Quick Take correspondent,
Speaker 1: also Twitter user by the wins your handle a t
Speaker 1: web is that it? I think we lost Alex already.
Speaker 1: Alex Webb also writes about tech for Bloomberg Opinion. Well,
Speaker 1: we'll find Alex on Twitter. He's definitely there. Just search
Speaker 1: Alex Webb under the search Twitter bar looking at shares
Speaker 1: of Twitter right now they are down uh two point
Speaker 1: three percent in the pre market. As for the market
Speaker 1: as a whole, the futures are moving lower. We have
Speaker 1: SMP futures down sixteen points now, DEW futures down twenty three,
Speaker 1: NASDAC futures down a hundred thirteen points, and the tenure
Speaker 1: Treasury is down fifteen thirty seconds. The yield two point
Speaker 1: seven five Just ahead. Ukraine braces for an even tougher
Speaker 1: fight to the east, and the French election heads to
Speaker 1: a runoff. Five things you need to know to start
Speaker 1: your day. Coming up. I'm Bloomberg day Break. Bloomberg day
Speaker 1: Break brought you by ancient accountants and advisors. Challenging times
Speaker 1: call for proactive advisors who help minimize taxes, increase cash flow,
Speaker 1: and create opportunities for the future of your business. Visit
Speaker 1: Ancient dot Com broadcasting live from the Bloomberg Interactive Broker's
Speaker 1: studio in New York. Bloomberg E Living Freedom to Washington,
Speaker 1: d C, Bloomberg to Boston, Bloomberg one O six one
Speaker 1: does San Francisco, Bloomberg nine sixty to the country Sirius
Speaker 1: XM Channel one nineteen and around the globe. The Bloomberg
Speaker 1: Business and Bloomberg Radio dot com. This is Bloomberg Daybreak.
Speaker 1: It's six thirty on Wall Street. Good morning. I'm Nathan
Speaker 1: Hager and I'm Cameron Moscow. We are just about three
Speaker 1: hours away from the open of US trading. It is
Speaker 1: time for the five things you need to notice. Start
Speaker 1: your day. Brock to you by Interactive Brokers Simple ib
Speaker 1: k our Global Trader app. Deposit in your local currency
Speaker 1: and trade stocks in the US, Europe and Asia. Start
Speaker 1: your free trial at ibkr dot com, Slash Global Trader
Speaker 1: First Ukraine says Russian air strikes destroy the airport in
Speaker 1: Ukraine's fourth largest city, Dinepro. As the war continues, Austria's
Speaker 1: chancellor heads to Moscow today meet with to meet with
Speaker 1: Vladimir Putin, two days after visiting Kiev. Well meantime, caring
Speaker 1: a new Russian military commander's drawing alarm among US officials,
Speaker 1: with the Russian army expected to mount an offensive for
Speaker 1: control of parts of eastern Ukraine. President Vladimir's Lensky tells
Speaker 1: CBS is Scott Pelly he will not leave his nation.
Speaker 1: I'm the president of our people, and even if I
Speaker 1: wasn't president, I would have stayed here. My family understood,
Speaker 1: not only understood, but fully supported my decision. Fully. Ukrainian
Speaker 1: President of Vladimir's Lensky spoke on CBS has sixty minutes
Speaker 1: which can be heard every Sunday on Bloomberg nine one
Speaker 1: in Washington, Well on Wall Street and Navan. Shares of
Speaker 1: Twitter are sliding with news Elon Muski is not joining
Speaker 1: the company's board, and we get the latest live from
Speaker 1: Bloomberg's need a young Good Morning, Good Morning Karen. A
Speaker 1: week ago, Twitter sword more than twenty seven percent after
Speaker 1: Elon Musk took his nine point two percent steak in
Speaker 1: the company. Twitter said shortly after that Musk would join
Speaker 1: its board and the in The billionaire has been vocal
Speaker 1: about changes. He'd like to see a Twitter in the
Speaker 1: name of free speech, but Musk's abrupt reversal is igniting
Speaker 1: renewed speculation about his intentions for Twitter as its largest
Speaker 1: individual shareholder. If he does not join the board, Musk
Speaker 1: will not be subject to an agreement to keep his
Speaker 1: steak at no more than fourteen point nine percent. Live
Speaker 1: in New York, I'm rened a young Bloomberg Daybreak and
Speaker 1: we need a shares of Twitter down about two percent
Speaker 1: in the pre market. In fact, most stocks are falling
Speaker 1: as a rise in US treasury yield sends waves through
Speaker 1: global markets. Ten Your yields climbed through two and three
Speaker 1: quarters percent for the first time since March. Well Nathan
Speaker 1: overseas the presidential election in France. French President Emmanuel mccron
Speaker 1: holds a slight lead over nationalist rival Marine La Penn.
Speaker 1: The second round of voting will take place in a
Speaker 1: couple of weeks. Let's go from Paris to Moscow. Karen,
Speaker 1: Russia's finance minister says the country will halt bond sales
Speaker 1: for the rest of two and take legal action if
Speaker 1: sanctions force it into a default. It comes days after
Speaker 1: the government breached the terms on two bonds by paying
Speaker 1: investors rubles instead of dollars. And as the five things
Speaker 1: you need to Notice start your day, brought to you
Speaker 1: by Interactive Brokers and your latest local news check is
Speaker 1: Sports Straight Ahead on Bloomberg and Wall Street now forty
Speaker 1: one degrees in Central park On an accent on the
Speaker 1: eastbound Grand Central Parkway. LaGuardia Airport. Details coming up in
Speaker 1: traffic First. Michael Barr with more on what's going on
Speaker 1: in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. New York City Mayor Eric Adams announced
Speaker 1: he is just a positive for COVID and is now isolated.
Speaker 1: Dr Bruce Lee with the City Universe City of New
Speaker 1: York School of Public Health. You essentially have this more
Speaker 1: contagious big dot to subfarient that's circulating, and we're still
Speaker 1: amidst cooler and drier weather, so that can promote transmission.
Speaker 1: So we really need to be more proactive about COVID
Speaker 1: nighting precautions, Dr Lee, as New York City is now
Speaker 1: averaging about eight new cases per day. Last Saturday, Adams
Speaker 1: attended the annual grid Iron Dinner in Washington. Dozens who
Speaker 1: attended to have since contracted COVID. China's largest COVID outbreak
Speaker 1: in two years continues to spread despite an extended lockdown
Speaker 1: of Shanghai's million people. They were more than twenty six
Speaker 1: thousand new daily infections reported in the Chinese financial hub
Speaker 1: and all time high. The Biden administration plans to announce
Speaker 1: new rules today around ghost guns. Sergeant Christian Camarillo is
Speaker 1: with the San Jose, California Police Department. Ghost gun or
Speaker 1: privately made firearm is a firearm that can be made
Speaker 1: at home with pre manufactured parts. You can order these
Speaker 1: on the internet. It takes some very simple machine and
Speaker 1: you put it together and it works just like a
Speaker 1: regular firearm. Senate Majority of Leader Chuck Schumer says sales
Speaker 1: of ghost guns are rising around the country, clarifying under
Speaker 1: federal law that ghost gun kits are firearms that would
Speaker 1: require a background check and a serial number. Senator Schumer
Speaker 1: reference to teen shooting death Friday outside of Bronze High School.
Speaker 1: Police say the seventeen year old suspect may have used
Speaker 1: a ghost gun. President Joe Biden is nominating an Obama
Speaker 1: era U S attorney to run the Bureau of Alcohol, Tobacco,
Speaker 1: Firearms and Explosives. Biden is expected to make the announcement today,
Speaker 1: nominating Steve Denldock. Kmart once posted over two thousand locations
Speaker 1: across the country, but the former retail giant will be
Speaker 1: down to just three holdouts when It's Avanel, New Jersey
Speaker 1: store closes later this week. Baltimore based author Michael Masiki
Speaker 1: has written several books on US retail history. He's just
Speaker 1: dotted the American landscape. Over the years, they still docked
Speaker 1: the American landscape. But his carcasses as closed carcasses off
Speaker 1: your Michael City says, it's just sad. Kmart used to
Speaker 1: be a real part of Americana Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael barn this is
Speaker 1: Bloomberg Naked. That gets your attention. Kmart shoppers, Thank you, Michael.
Speaker 1: Almost six thirty six on Wall Street. Time for the
Speaker 1: Bloomberg Sports that Take. Here's John stas Shower. All right,
Speaker 1: if the big things were expected from Scottie Scheffler grew
Speaker 1: up in Dallas, dominated junior golf. Now twenty five, shefter
Speaker 1: what to the Masters, Having won three of his last
Speaker 1: five tournaments, he had already become ranked number one in Augusta.
Speaker 1: He took the lead Friday, never gave it up. His
Speaker 1: lead early yesterday did shrink to one shop, but he
Speaker 1: chipped in for Bernie on the third Old, and from
Speaker 1: there that lead was never less than three shots. It
Speaker 1: was definitely nice to gold up a lead and um
Speaker 1: not nothing safe there on the back nine on this
Speaker 1: golf course. You know, I've heard all the things that
Speaker 1: everybody says. It doesn't start till the back now on Sunday,
Speaker 1: anything can happen. Don't hit in the water on twelves,
Speaker 1: you know all the stuff, And you know I just
Speaker 1: blocked most of that out and just tried to execute
Speaker 1: and take a golf shops. Zeffler had a double bogie
Speaker 1: on eighteen, still won by three over the hard charging
Speaker 1: Rory McIlroy, who still never won the Masters, but he
Speaker 1: had a brilliant final round sixty four Tiger Woods at
Speaker 1: his second Strange seventy eight. Said he's unsure if he'll
Speaker 1: play the p g H Championship for US Open, but
Speaker 1: does plan to play the British Open because of his
Speaker 1: affinity for playing st Andrew's Yankees doing for a sweep
Speaker 1: of the Red Sox, strand at eleven lost four three
Speaker 1: if the Stadium Mets, going for a four game sweep
Speaker 1: in Washington, had a two one leave and the Nats
Speaker 1: scored three in the eighth and one two. Nicks finished
Speaker 1: the season thirty seven and forty five. They beat Toronto
Speaker 1: with the Guarden. Nick fans have called for more playing
Speaker 1: time for Obie topp and he got it. This weekend
Speaker 1: he had games of thirty five and forty two points.
Speaker 1: Totoppin's previous career high was twenty speed Indiana. They finished
Speaker 1: and thirty eight nets will have a play in game
Speaker 1: in Brooklyn tomorrow against Cleveland. Johnsward Bloomberg Sports Lincoln okay, John,
Speaker 1: thank you sixty seven On Wall Street, time to take
Speaker 1: a look at stock some of the names moving in
Speaker 1: the pre market with Bloomberg Radio and TV Markets correspondent
Speaker 1: Creedy goopda. Of course, the name we've been watching all
Speaker 1: morning long, Credy is Twitter. It's Twitter, t W t RS.
Speaker 1: Your taker. Down two point three percent, Nathan. It was
Speaker 1: down as much as five six percent in the pre
Speaker 1: market earlier in the session. Now looks like sparing about
Speaker 1: half of those losses. Of course, this comes after Elon
Speaker 1: must decided not to join the board after speculation of
Speaker 1: the world's richest person would be mounting a takeover of
Speaker 1: the social media platform. Been very vocal about suggestions that
Speaker 1: he would want to make to Twitter. But then, of
Speaker 1: course the CEO of Twitter came out and said, well,
Speaker 1: this was just not the time and the shares did,
Speaker 1: of course fall once again t w t R down
Speaker 1: two point three percent. But there's an adjacent story, Nathan,
Speaker 1: that we should probably pay attention to as well, and
Speaker 1: that is Donald Trump's tied social media link check company
Speaker 1: Digital World acquisition d w a C as your ticker.
Speaker 1: This was a company that was seen this competition to
Speaker 1: Twitter and really seen as taking a big hit if
Speaker 1: Elon Musk did indeed decide to make some big changes
Speaker 1: and join the board. So you did see it jump
Speaker 1: as much seventeen percent in pre market trading off of
Speaker 1: those headlines on Twitter. Now looks like pairing some of
Speaker 1: those games a d w a C once again as
Speaker 1: the taker down of excuse me up only just shy
Speaker 1: eight percent, but still eight percent is nothing Scott at Nathan. Yeah,
Speaker 1: certainly a couple of names to watch once the market
Speaker 1: opens as well. And speaking of moves and the executive
Speaker 1: sections of some companies, we had a pretty big move
Speaker 1: from Lowe's. We did so on Friday. The CFO Dave
Speaker 1: Denton has said that he's going to leave the company
Speaker 1: for another opportunity outside of the firm. It's a departure
Speaker 1: that Wells Fargo is saying is an incremental negative. That
Speaker 1: is a direct quote, but they still maintain an overview
Speaker 1: on the shares. Remember, this is a company that has
Speaker 1: done very well in terms of the post pandemic boom.
Speaker 1: It turns a home builder stocks as well. So to
Speaker 1: see lows see this move, you are seeing Llow down
Speaker 1: about seven tenths of one percent. Nevertheless, not as bad
Speaker 1: as other previous CFO move that we have seen. So
Speaker 1: this is perhaps a temporary situation with something to keep
Speaker 1: an eye on as we see traders really digest the
Speaker 1: news of that c suite shake up. We shall also
Speaker 1: mentioned Newmont very quickly. Nathan any M is your taker
Speaker 1: up one point four percent today is one of your
Speaker 1: only um looking at this twenty three stocks in the
Speaker 1: green this morning, and this comes after I think, following
Speaker 1: gold and silver the only medals higher in the commodity space,
Speaker 1: boosting those Newmont chairs this morning. All right, Bloomberg Radio
Speaker 1: and TV markets correspondent Credy Gupta with us this morning
Speaker 1: and looking at stocks as a whole ahead of the open,
Speaker 1: and cret just alluded to the fact that they're pointing
Speaker 1: lower just twenty three or in the green right now.
Speaker 1: S and p futures are lower by seventeen points down.
Speaker 1: Futures down thirty four. NASTAC futures leading declines this morning,
Speaker 1: down a hundred fourteen points ten. Your treasury down seven
Speaker 1: ten thirty seconds. The yield now at two point seven
Speaker 1: six percent. The yield on the two year two point
Speaker 1: five seven nim X screwed right now down two and
Speaker 1: three quarters per cent, or two dollars seventy cents at
Speaker 1: ninety five dollars fifty four cents of barrel. You're listening
Speaker 1: to Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today
Speaker 1: at a high near sixty. Morning showers tomorrow, but they'll
Speaker 1: clear during the afternoon. Low seventies, partly sunny, upper sixties
Speaker 1: by Wednesday. Right now forty one degrees in Central Park markets.
Speaker 1: Headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business apt and at Bloomberg
Speaker 1: Quick Tape. He's a Bloomberg Business Flash Fine. I'm Karen
Speaker 1: Moscow US dot Index futures are following this morning, along
Speaker 1: with nine next screwed oil. We go to the first
Speaker 1: word Breaking used desk for today's morning call. Here's Bill Maloney. Bill,
Speaker 1: good morning, Hey, good morning, Karen. That's right. US features
Speaker 1: are in the red right now, with doubt features down
Speaker 1: fifty three points dropped twenty two. Nasday futures are off
Speaker 1: by a hundred and forty one. The US ten yeeld
Speaker 1: the two point seven six percent, Gold is up six
Speaker 1: oil is down, and Bitcoin sinks by three point nine percent.
Speaker 1: Shanghai fell two point six percent overnight, while up markets
Speaker 1: are quiet this morning and back in the US, nothing
Speaker 1: to report on the economic front. In other news, Elon
Speaker 1: Must decided not to join Twitter's board, and the deal
Speaker 1: News sale Point to be acquired by tom A Bravo
Speaker 1: for six share in cash. Wrapping things up in video
Speaker 1: was cutting neutral at Robert Baird, American Express, cuting neutral
Speaker 1: at JP Morgan and Gero. Price was cut to hold
Speaker 1: over at Jeffreys Live. From the first to breaking news
Speaker 1: desk on Bill Maloney, care all right, Bill, thank you,
Speaker 1: and to hear live breaking news of her Bloomberg type
Speaker 1: squawk on your terminal, squ a w K and Fiser
Speaker 1: announcing a new CFO named Dave at Denton to the
Speaker 1: post and we check the markets every fifteen minutes throughout
Speaker 1: the Trading Day on Bloomberg. And and now it's time
Speaker 1: for a look at what's going on around the world.
Speaker 1: And here's Michael Barr. Michael, thank you very much. Karena.
Speaker 1: Russia is putting one of its most experienced military officers,
Speaker 1: who was said to have a record of brutality, in
Speaker 1: charge of its invasion of Ukraine. Meanwhile, Ukraine is preparing
Speaker 1: for a whole new battle from Russia in the eastern
Speaker 1: part of the country. In France, President mccram will face
Speaker 1: far right candidate Marine Lepin in runoff elections being held
Speaker 1: this month. The first round of voting yesterday, McCraw had
Speaker 1: of the vote and Lepine of the vote. In golf,
Speaker 1: Scottie Scheffler has one of the masters. In baseball, the
Speaker 1: Red Sox beat the Yankees for three. The Nationals beat
Speaker 1: the Mets, four to the Giants and A's one. The
Speaker 1: Orioles lost. On the final day of the regular NBA season,
Speaker 1: the Nets, nick, Celtics and Warriors won, the Wizards lost.
Speaker 1: In any telling Capital, the Capitals that Should Say beat
Speaker 1: the Bruins four two. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take, powered by
Speaker 1: more than dred journalists, analysts more than twenty countries. I'm
Speaker 1: Michael Barr, and this is Bloomberg. Karen all right, Michael Barr,
Speaker 1: thank you. It is sixty nine on Wall Street and
Speaker 1: we turned to news in science and technology now with
Speaker 1: the Bloomberg and j I T STEM Report, brought to
Speaker 1: you by New Jersey Institute of Technology. Frank to top
Speaker 1: fifty national public university by US News and World Report
Speaker 1: and top ten for best career placement among public schools
Speaker 1: by the Princeton Review. Begin more at n j I
Speaker 1: T DOT E D U I know. Here's let's making
Speaker 1: news and science, technology, engineering and math. In China, the
Speaker 1: country's largest COVID outbreak in two years continues to spread.
Speaker 1: There were more than twenty six thousand new daily infections
Speaker 1: reported in Shanghai Sunday, and all time high. That's despite
Speaker 1: an extended lockdown to the city's twenty five million residents.
Speaker 1: It's another twist in the week long saga of Twitter
Speaker 1: and Elon Musk. As we've been reporting, Twitter said the
Speaker 1: world's richest person has decided not to join its board
Speaker 1: that touched, offering new speculation about the company's future. Musk
Speaker 1: owns just over nine percent of Twitter stock. If he
Speaker 1: doesn't join the board, Musk wouldn't be subject to an
Speaker 1: agreement to keep his stake at no more than fourteen
Speaker 1: point nine percent. And Amazon is a long way from
Speaker 1: launching its promised rown delivery service despite spending more than
Speaker 1: two billion dollars. A Bloomberg investigation reveals a program hurt
Speaker 1: by technical challenges, high turnover, and safety concerns. A crash
Speaker 1: last year had regulators questioning the drones airworthiness. Amazon said
Speaker 1: it expects these types of events to occur, and it
Speaker 1: applies the learnings from each flight to improving safety. And
Speaker 1: that's a Bloomberg and j I t Stem report. Nathan,
Speaker 1: all right, Karen, thank you. We are live from the
Speaker 1: Bloomberg Interactive Brokers studios were to six fifty one on
Speaker 1: Wall Street Time Now to check what's going on in
Speaker 1: d C. Some of the top stories in our nation's
Speaker 1: capital include the US offering more support to Ukraine as
Speaker 1: the war with Russia intensifies to the east. White House
Speaker 1: National Security Advisor Jake Sullivan made the Sunday Show Rounds.
Speaker 1: He told NBC's Meet the Press, more weapons are on
Speaker 1: the way. We are proud of that contribution, but we
Speaker 1: are not resting until we have given them everything that
Speaker 1: they need to be able to succeed in their aims.
Speaker 1: On ABC's This Week, Sullivan accused Russia planning civilian attacks
Speaker 1: from the beginning. The images that we've seen at a
Speaker 1: Buscha and other cities have been tragic. They've been horrifying,
Speaker 1: they've been downright shocking, but they have not been surprising.
Speaker 1: And on CBSS Face the Nations, Sullivan said sanctions are
Speaker 1: having an impact. President Putin himself is acknowledging the pain
Speaker 1: on the Russian economy. He himself has spoken about the
Speaker 1: extent to which the Russian economy has gotten hit. Also
Speaker 1: making news, coronavirus getting closer to President Biden. Cases are
Speaker 1: on the rise along the East Coast. Dr Anthony Faucci
Speaker 1: was on this Week, this is not unexpected that you're
Speaker 1: going to see an uptick when you pull back on
Speaker 1: the mitigation methods. And Cleveland FED President Loretta Mester was
Speaker 1: on US the Nation, saying inflation could remain above two
Speaker 1: percent this year and next, but Mestr says she's confident
Speaker 1: the US can avoid recession. We are taking actions, we
Speaker 1: have the process underway to remove accommodation and remove it
Speaker 1: the emergency accommodation that was so needed at the start
Speaker 1: of the pandemic and throughout. Now we're in the process
Speaker 1: of removing it so that we do get inflation under control.
Speaker 1: Face the Nation this week and Meet the press. Can
Speaker 1: all be heard every Sunday right here on Bloomberg Radio
Speaker 1: and for more on all these stories were joined by
Speaker 1: Bloomberg Government reporter Emily Wilkins, starting off with the latest
Speaker 1: in the war in Ukraine. Emily, we are getting more
Speaker 1: reports that the fighting is intensifying, and the President Zelenski
Speaker 1: expects that intensification to continue to his country's east. How
Speaker 1: if it all does that shift to the war shift?
Speaker 1: The US response, Well, it looks like a big part
Speaker 1: of this is going to be coming in what weapons
Speaker 1: the US saying Gerpe are going to be sending over
Speaker 1: to Ukraine. It sounds like the are anticipating that this
Speaker 1: might go to Sorready ground style World War two s war,
Speaker 1: where you've got large operations meeting each other on a battlefield.
Speaker 1: For that, Ukraine is going to need heavier, larger weapons
Speaker 1: than what the US has currently been sending. And you
Speaker 1: did hear Jake Sullivan acknowledged that there is that need
Speaker 1: for a different type of weapons. He says that the
Speaker 1: US is currently actually looking at trying to see if
Speaker 1: they can train Ukrainians on specific types of weapons that
Speaker 1: they might not be currently able to handle, and sort
Speaker 1: of get that training in place so they can handle
Speaker 1: some of this other operations that the US can send over.
Speaker 1: And I understand that President Biden is going to be
Speaker 1: meeting virtually today with the Prime Minister of India Norrendra Modi.
Speaker 1: Got to think that the war in Ukraine will be
Speaker 1: top of mind for both those leaders, oh acent names,
Speaker 1: and that's going to sort of be the spotlight there
Speaker 1: as Biden tries to convince Prime Minister Modi that he
Speaker 1: really needs to be doing more in this particular effort.
Speaker 1: At this point, you really haven't seeing Moody come out
Speaker 1: and criticize Putin. You've seen them continue to buy Russian
Speaker 1: oil and gas, and we know that that's a big
Speaker 1: part of the reason that Russia is kind of able
Speaker 1: to continue to fund their war even with these economic sanctions.
Speaker 1: That's really a huge point. Intensions between the US and India.
Speaker 1: They've really risen over recent weeks around the war in Ukraine,
Speaker 1: and so this could be a potential opportunity to reset
Speaker 1: those relationships a little bit. Obviously, also potential topic of
Speaker 1: conversation today is simply the security partnership between the US
Speaker 1: and India when it comes to countering influences like China's
Speaker 1: and when you think about purchases of Russian oil and gas.
Speaker 1: Obviously that's still happening on the European side as well.
Speaker 1: Are we seeing or hearing any more movement when it
Speaker 1: comes to the US trying to help Europe reduce its
Speaker 1: dependence on Russian energy. So that's definitely a tricky one
Speaker 1: to solve, just because Europe relies on Russian energy so
Speaker 1: so much more than the U. S. Has. You did
Speaker 1: hear Jake Sulliban talk a little bit about it this
Speaker 1: past weekend, saying that the US was doing everything that
Speaker 1: they could, working over time to try to get that
Speaker 1: liquefied natural gas to Europe. But I think it's a
Speaker 1: it's you know, it's it's a larger problem. It's you
Speaker 1: the US was able to cut off it's Russian oil
Speaker 1: importance fairly quickly, because it's only about eight percent of
Speaker 1: what the U s receives obviously for some of these
Speaker 1: European nations that rely much more heavily on it, it
Speaker 1: is a big question of where is this other oil
Speaker 1: and gas going to come from? And how do you
Speaker 1: prevent from having an energy crisis in some of these countries.
Speaker 1: And the time we have left Emily, I want to
Speaker 1: turn to domestic policy because we've heard from a White
Speaker 1: House this morning that there's going to be an announcement
Speaker 1: when it comes to a gun regulation. What more can
Speaker 1: you tell us about that? Yeah, this is going to
Speaker 1: obviously a huge priority for the Biden administration and something
Speaker 1: that they really have to move alone on just given
Speaker 1: the fact that Congress is deadlocked over this issue. One
Speaker 1: big thing we're going to see President Biden nominate former
Speaker 1: U S Attorney in Ohio, Steve Dentlboch as the new
Speaker 1: head for the Bureau of Alcohol, Tobacco, Firearms and Explosives
Speaker 1: f d A. We saw the last individual that Biden
Speaker 1: nominated for this role he wasn't able to since that nomination,
Speaker 1: there was a lot of controversy over it, and so
Speaker 1: we're going to see if if it's the new nominee
Speaker 1: is going to be having any more be able to
Speaker 1: sort of overcome those obstacles that we saw. UM. We're
Speaker 1: also going to see the Biden administration push for some
Speaker 1: other things. We've seen him go ahead and talk a
Speaker 1: little bit about ghost guns, about three D printed guns,
Speaker 1: and we are going to see now the Justice Department
Speaker 1: moving to finalize a federal rule on that. Because those
Speaker 1: guns are untraceable, they don't have the serial numbers that
Speaker 1: other guns have. UM, So it's gonna be a new
Speaker 1: rule that really requires manufacturers who sell these ghost gun
Speaker 1: kits to obtain federal licenses and serial numbers so those
Speaker 1: guns can be tracked like other guns. Thanks for this
Speaker 1: as always, Emily. Emily Wilkins, reporter for Bloomberg. Government with
Speaker 1: us from Washington, d C. And you can read more
Speaker 1: about these stories on Bloomberg dot com or on the
Speaker 1: Bloomberg terminal and follow all the latest on Bloomberg Radio
Speaker 1: in Washington. Bloomberg and one oh five point seven FM
Speaker 1: h D two SMP Future is now down fourteen points,
Speaker 1: Staff futures down thirteen NASDAC futures leading the declines this morning.
Speaker 1: They're down a hundred seven points. The Tenure Treasury is
Speaker 1: down fifteen thirty seconds. The yield two point seven five
Speaker 1: percent on the benchmark tenure note, and nime X screwed
Speaker 1: now down three and a half percent, ninety four dollars
Speaker 1: eighty seven cents of barrel. Bloomberg surveillance is next for
Speaker 1: Karen Moscow. I'm Nathan Hager, and this is Bloomberg.