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Speaker 1: By from the Bloomberg Interactive Burger Studios. This is Bloomberg

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Speaker 1: day Break for Monday, February seven two. Coming up this hour,

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Speaker 1: Wall Street braces for earnings and infleation data after last

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Speaker 1: week's volatility. President Biden looks to read packages economic message

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Speaker 1: to the public. Peloton shares sore on takeover speculation, and

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Speaker 1: Dorris Johnson makes moves to keep his job as pressure

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Speaker 1: on the Prime minister bills. The New York City Council

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Speaker 1: will debate making outdoor dining permanent. Plus. National Security Adviser

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Speaker 1: Sullivan says Russia could invade Ukraine any day. Michael Barr

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Speaker 1: more ahead, I'm John stash Owen sports. The nets in

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Speaker 1: Denver lost their eighth in a rowa disappointing day for

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Speaker 1: the United States at the Olympics. That's all straight ahead

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Speaker 1: on Bloomberg day Break on Bloomberg eleven three on New York,

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Speaker 1: Bloomberg Washington, d C, Bloomberg one oh six one, Boston,

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Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen

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Speaker 1: and around the world Old on Bloomberg Radio dot Com

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Speaker 1: and via The Bloomberg Business. Good morning, I'm Nathan Hagar

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Speaker 1: and I'm Karen Moscow. US DOT index futures are lower

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Speaker 1: to start the week. We're coming up to six one

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Speaker 1: on Wall Street, and we checked the markets every fifteen

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Speaker 1: minutes throughout the trading day. On bloomberg SMP future is

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Speaker 1: down thirteen points this morning. DAL Future is down one

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Speaker 1: hundred seventeen and NAS day futures down thirty two. Ten

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Speaker 1: year treasury down three thirties seconds. He had one point

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Speaker 1: nine two percent and they yield on the two year

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Speaker 1: one point three zero percent, the euro one point one

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Speaker 1: four to three against the dollar. Nathan Well, Karen. The

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Speaker 1: drop in futures comes after another volatile week on Wall Street.

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Speaker 1: The tech heavy NASDAC one index rose one point three percent,

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Speaker 1: while the Dow dropped a tenth of one percent. We

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Speaker 1: saw huge market swings tied to earnings. St Dwack, as

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Speaker 1: chief investment officer at Flow Bank, We've seen that earnings

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Speaker 1: across a lot of these big tech companies had a

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Speaker 1: very big impact and we could see some huge diverging

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Speaker 1: move between a couple of names depending on how the

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Speaker 1: earnings results were perceived and how the guidance was perceived.

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Speaker 1: So you know, maybe more of a soft pickers market

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Speaker 1: coming in the couple of months, but generally speaking, I

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Speaker 1: do still think that tech is going to hold up

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Speaker 1: and do quite well in two Flowbank says you Dwke

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Speaker 1: says Friday's jobs reports solidified fed hikes over the next

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Speaker 1: few meetings, but the second half of the year is

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Speaker 1: still unclear. Well overseas nathan A rally and Chinese shares

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Speaker 1: helped limited drop an Asian stock Japan led declines in

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Speaker 1: the region, and we get the recount from Bloomberg's Juliette

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Speaker 1: Sally and Singapore Good Morning, Juliette, Good Morning Curen. China

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Speaker 1: cs I three hundred gained as much as two point

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Speaker 1: six percent in its first trading session since the Lunar

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Speaker 1: New Year break. Before pairing some of those games, it

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Speaker 1: was still the best post Lunar New Year gain since

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Speaker 1: twent Sentiment was boosted by that big jump we saw

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Speaker 1: in Hong Kong on Friday and easing concerns about regulatory

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Speaker 1: head wins for the tech sector. However, tech players were

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Speaker 1: sold off in Hong Kong Monday, led by Ali Baba.

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Speaker 1: This amid speculations Soft Bank could be selling some of

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Speaker 1: its shiz than a k two to five closed lower

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Speaker 1: by seven tenths of one percent in Tokyo, off to

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Speaker 1: posting its best week since Octoba in Singapore. Juliet Sally

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Speaker 1: Bloomberg Daybreak. Okay, Juliet, thank you. Back here in the US,

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Speaker 1: the White House is planning another push on its economic agenda.

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Speaker 1: President Biden's top advisors are hatching a plan to repackage

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Speaker 1: the message. Amy Morris has the details from our Bloomberg

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Speaker 1: newsroom in Washington. You'll hear less about inflation and the

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Speaker 1: stalled Build Back Better plan and more about wage growth,

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Speaker 1: union jobs, and domestic manufacturing. Sources tell Bloomberg that President

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Speaker 1: Biden's advisors are resetting the President's approach. Supply chain bottlenecks

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Speaker 1: and partisan fighting over COVID vaccinations, masks and testing will

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Speaker 1: take a backseat to expanding the productive capacity of the economy.

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Speaker 1: This just months before the November midterms, where Republican wins

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Speaker 1: could do many future White House initiatives. In Washington, I

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Speaker 1: maybe Morris Bloomberg Daybreak, Amy, thank you. We also have

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Speaker 1: news from the U s. Treasury Secretary this morning. Jannet

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Speaker 1: Yellen says she has no plans to leave the job anytime. Soon.

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Speaker 1: In an interview with Bloomberg, Yelling said there's still a

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Speaker 1: huge amount of important work to do. The biggest winever

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Speaker 1: tenures so far was a global agreement on corporate taxes,

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Speaker 1: but Congress has yet to endorse the plan. Economic data

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Speaker 1: are also in focus. Karen on this week's agenda, the

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Speaker 1: spotlight shifts to inflation. We get more from Bloomberg's Viney

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Speaker 1: del judas the monthly employment report remarkably strongest behind US. Thursday,

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Speaker 1: the government issues the January Consumer Price Index. The CPI

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Speaker 1: has been soaring, climbing seven on a year over year

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Speaker 1: basis in December. That's the most and thirty nine years,

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Speaker 1: and January's index could run hotter as pandemic related supply

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Speaker 1: shortages persist in businesses, passed along rising labor costs. Also

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Speaker 1: on this week's calendar, December consumer credit, which should settle

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Speaker 1: back from a record November jump. Any deal, Judais Bloomberg

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Speaker 1: day Break, Vinny thank you. Turning to Corporate News now

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Speaker 1: shares a peloton of more than in early trading. That's

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Speaker 1: due to speculation of a takeover, but as Bloombergy's dog

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Speaker 1: Chrisoner for its peloton could face challenges If the company

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Speaker 1: tries to sell itself to a big tech firm, Peloton

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Speaker 1: finds itself a potential takeover target. Last Friday, The Wall

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Speaker 1: Street Journal reported Amazon is exploring a possible deal. Analysts

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Speaker 1: say Apple could be a buyer. The FT reports Nike

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Speaker 1: is also considering a bid, and Disney has been mentioned

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Speaker 1: as well, but regulatory scrutiny could make a deal difficult.

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Speaker 1: Tech firms are being probed for their reach and influence. Recently,

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Speaker 1: the FTC suit to block the acquisition of arm Limited

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Speaker 1: by Nvidio in New York. I'm Doug Prisoner Bloomberg Daybreak, Okay, Doug. Thanks.

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Speaker 1: Spotify is also in the spotlight this morning. The company

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Speaker 1: CEO is speaking out once again about podcaster Joe Rogan.

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Speaker 1: Let's get the details on that live from Bloomberg. Rinita Young,

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Speaker 1: Good morning, Nita, Good morning, Nathan. Spotify CEO Daniel f

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Speaker 1: Tell's staff that he's deeply sorry for the impact of

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Speaker 1: the controversy over Joe Rogan, but he supports keeping rogan

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Speaker 1: show on the platform. Rogan has been under fire for

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Speaker 1: repeatedly using racial slurs and spreading co BD misinformation on

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Speaker 1: his podcast, and while several episodes have been removed from Spotify.

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Speaker 1: The company CEO says he does not believe silencing Rogan

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Speaker 1: is the answer. Instead, he says Spotify will spend one

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Speaker 1: million dollars to amplify marginalized voices live in New York.

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Speaker 1: I'm gonna need a Young Bloomberg daybreak. I need to

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Speaker 1: thank you. We turned to Politics over season now with

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Speaker 1: the latest on UK Prime Minister Boris Johnson. He's hoping

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Speaker 1: for a reset after key members of his team walked

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Speaker 1: out last week, and we get the latest from London

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Speaker 1: with the Bloomberris un parts, Good Morning You and Good

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Speaker 1: Morning Karen Nathan. Following the resignation of five aids in

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Speaker 1: twenty four hours last week, the Prime Minister is moving

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Speaker 1: quickly to rebuild his team, including a new chief of staff.

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Speaker 1: One newspaper report, though, says that Boris Johnson supporters are

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Speaker 1: readying for a confidence vote as soon as this week.

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Speaker 1: They're said to believe that between thirty five and forty

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Speaker 1: five lawmakers have submitted written requests for a vote. Fifty

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Speaker 1: four is the number needed to make it happen, but

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Speaker 1: those requests are submitted in secret in London Onion Part

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Speaker 1: Spoin Big Day Break. Okay you and thank you. Bloomberg

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Speaker 1: Daybreak is brought to you by Interactive Brokers Global Analysts.

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Speaker 1: IBKR Global Analysts helps you find new global investment opportunities.

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Speaker 1: To diversify your portfolio and discover undervalued companies. Try ib

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Speaker 1: K our Global Analysts today at I b k R

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Speaker 1: dot com slash g A. This is Bloomberg and it

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Speaker 1: sounds six oh seven on Wall Street. We're a thirty

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Speaker 1: two degrees in central parking, dealing with lots of accidents

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Speaker 1: this morning, including one on the Taconic southbound rampart route

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Speaker 1: two oh two. Michael Bars here with more on what's

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Speaker 1: going on in New York and around the world. Michael,

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Speaker 1: thank you very much. Nathan. French President Emmanuel mcron plans

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Speaker 1: to visit Moscow and Kiev this week. The kral will

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Speaker 1: talk about Russia's build up of forces on the Ukraine border.

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Speaker 1: US officials now estimate that Vladimir Putin has prepared around

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Speaker 1: seventy the forces and weapons that would be needed for

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Speaker 1: an invasion into Ukraine. National Security Advisor Jake Sullivan says

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Speaker 1: Russia could invade Ukraine any day. Sullivan maintains they don't

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Speaker 1: know when the Russians could begin such an invasion, but

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Speaker 1: remain prepared for all outcomes. I'm not going to make

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Speaker 1: a prediction about what is going to unfold in the

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Speaker 1: coming days. All I'm going to say is that we,

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Speaker 1: the United States, under the direction of President Biden, are

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Speaker 1: ready either way. National Security Adviser Sullivan spoke on ABC's

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Speaker 1: This Week, which can be heard Sundays on Bloomberg. Earlier,

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Speaker 1: mcrawl and President Joe Biden talked by phone on the crisis.

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Speaker 1: Russia denies it plans to invade Ukraine. Outdoor dining may

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Speaker 1: be here to stay in New York. Tomorrow, the City

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Speaker 1: Council will begin debating a new bill to make the

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Speaker 1: dining sheds permanent. Marjorie Velasquez is the sponsor of the bill.

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Speaker 1: She told ABC seven it's important we say of our

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Speaker 1: small businesses, our restaurants, what's worse to public safety is

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Speaker 1: an empty storefront. Meanwhile, dozens protested in the village over

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Speaker 1: the weekend. They say the outdoor sheds increase garbage, rats

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Speaker 1: and people sleeping in the sheds. International Olympic Committee says

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Speaker 1: it held a sit down with Chinese tennis player Ping Schwa.

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Speaker 1: The news follows an interview with a French newspaper in

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Speaker 1: which Ping denied accusing a senior Chinese official of sexual assault.

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Speaker 1: The reporter Mark Vatoyak says Ping was noticeably cautious and

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Speaker 1: nervous when answering about the so called affair. When we

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Speaker 1: began to speak about the affair personally, I saw on

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Speaker 1: her eyes that she will be very um um I'd

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Speaker 1: almost good water attentive. Reporter Mark Vtoyak says the paper

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Speaker 1: had to ask pre submitted questions in Chinese through a translator.

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Speaker 1: Global News twenty four hours a day on air and

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Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred

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Speaker 1: journalists and analysts more than a hundred twenty countries. Michael

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Speaker 1: Barr and this is Bloomberg. Nathan, Okay, Michael, thanks. We're

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Speaker 1: coming up to six ten on Wall Street time for

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Speaker 1: the Bloomberg Sports Update and Morty John stanhown more in

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Speaker 1: eighth and on December seven, and that's for twenty three

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Speaker 1: and nine. They're in first place in the East since

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Speaker 1: then six and fifteen or two and nine since Kevin

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Speaker 1: Duran's knee injury, and in Denver they lost their eighth

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Speaker 1: in a row. One oh four too much. Nicola yokis

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Speaker 1: twenty seven points of the triple double. Kyrie Irving had

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Speaker 1: twenty seven for Brooklyn. Durant won't be back for a

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Speaker 1: few weeks. James Harden, now out with a hamstring injury,

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Speaker 1: also reportedly doesn't want to resign this summer, which has

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Speaker 1: led the trade rumors shot down by Nets coach Steve Nash.

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Speaker 1: I don't think anything's changed other than noise from the outside.

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Speaker 1: James wants to be here. We're building with James, and

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Speaker 1: we think we're the best chess to live with James,

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Speaker 1: So you know, I don't think anything's changed on the inside,

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Speaker 1: in our locker room, in our communication. It's just all

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Speaker 1: the noise for me outside. After an OW and five

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Speaker 1: road trip, Nets back home tomorrow for the Celtics mixed

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Speaker 1: play tonight at Utah. The ex net caris LeVert traded

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Speaker 1: by Indiana to Cleveland. I owned his one ning streak

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Speaker 1: over at eight. The Gales were eleven and oh m.

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Speaker 1: The Mac that lost at Niagara Bryant Manhattan lost the

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Speaker 1: Knisius The Devil's Best Player, Jack Used played in the

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Speaker 1: NHL All Star Game in Las Vegas on Saturday, and

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Speaker 1: then got put on the COVID protocol list on Sunday SATs.

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Speaker 1: Running back Alvin Camara played in the Pro Bowl yesterday

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Speaker 1: in Las Vegas and then last night got arrested for

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Speaker 1: battery stemming from an incident at a nightclub. Camara remains

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Speaker 1: in jail this morning. At the Olympic, New Zealand's won

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Speaker 1: a goldmell. United States still has not a Kalas Schiffrin,

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Speaker 1: defending champ of the Giant slalom, fell on her first run.

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Speaker 1: Red Gerard, defending champ of the snowboarding slope style, finished fourth.

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Speaker 1: At US did win a silver in the figure skating

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Speaker 1: team event. John Stash that work with Bird Sports, Okay, John,

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Speaker 1: Thanks right now. SMP futures are down twelve points, sound

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Speaker 1: features down a hundred twelve nanstack feutures are lower by

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Speaker 1: is Bloomberg Bloomberg eleven three oh weather freezing drizzle this morning,

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Speaker 1: Wednesday currently thirty two and cloudy in Central Park. Markets,

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Speaker 1: Quick Tape is a Bloomberg Business Flash, and I'm Karen Moscow.

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Speaker 1: US stock index futures are lower at stocks in Europe

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Speaker 1: moving higher at forty two thousand, seven hundred dollars and

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Speaker 1: Take two Interactive and Tyson Few Foods are among companies

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Speaker 1: scheduled to report earnings today. As a Bloomberg business flash.

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Speaker 1: Now here's Michael Barr with more unless going on around

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Speaker 1: the world. Michael Karen, thank you very much. A state

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Speaker 1: of emergency has been declared in Ottawa, Canada, where hundreds

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Speaker 1: in response to cross border vaccine mandates. Chinese tennis star

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Speaker 1: affair with a former top Communist party official. Paying denied

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Speaker 1: the I o C at the Olympics in Beijing. Sweden

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Speaker 1: In the NBA, the Nets lost the Celtics one in

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Speaker 1: the NFL Pro Bowl. The a f C beat the NFC.

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Speaker 1: For Global News twenty four hours a day on air

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Speaker 1: and on Bloomberg Quick Tank, powered by more than journalists

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Speaker 1: and analysts more than a hundred twenty countries. Michael Barr

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Speaker 1: and this is Bloomberg. Nathan Okay, Michael. Thanks at six

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Speaker 1: nineteen on Wall Street Live from the Bloomberg Intractive Broker Studios.

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Speaker 1: This is Bloomberg Daybreak. We want to turn to politics now.

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Speaker 1: As the crisis continues over Ukraine. President Biden is set

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Speaker 1: to meet this afternoon with the new Chancellor of Germany,

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Speaker 1: Oloff Schultz, even as he keeps an eye on his

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Speaker 1: domestic agenda, thinking of retooling the economic message as Democrats

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Speaker 1: head closer to a very tough midterm election cycle. Julie

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Speaker 1: nor Men is with US now, Professor and lecturer on

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Speaker 1: Politics and International Relations at University College London. Professor, It's

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Speaker 1: always good to speak with you. Let's start off with

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Speaker 1: what's happening with Ukraine. We know that the President spoke

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Speaker 1: last night with the French leader Emmanuel McCrone. He's welcoming

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Speaker 1: Germany's new chancellor this afternoon. What is the challenge for

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Speaker 1: this president to try to keep European allies together. Yeah, well,

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Speaker 1: good morning, Nathan. You know we're going to see another

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Speaker 1: flurry of diplomacy this week and really being spearheaded this

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Speaker 1: time by McCrone visiting Moscow today and then Kiev tomorrow

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Speaker 1: to really try and push UH some kind of new

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Speaker 1: of course at the same time today Biden will be

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Speaker 1: meeting with the Germans, Germany's due to Chancellor Shoulds and

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Speaker 1: really trying to firm up a Germany's commitments to potential

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Speaker 1: sanctions and responses to whatever might end up happening. So

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Speaker 1: a lot more diplomacy for Biden right now. It's really

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Speaker 1: going to be continuing what he has been doing a

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Speaker 1: during muscular sort of diplomacy in recent weeks, coupling diplomacy

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Speaker 1: with deterrence and also with rather public discussions of contingency

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Speaker 1: measures around sanction, trying to kind of be a supportable

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Speaker 1: with grances initiatives. This week, but also trying to show

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Speaker 1: up the support from Germany at the same time. Again,

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Speaker 1: for Biden and for all of NATO allies, having the

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Speaker 1: sense of a united front has been important. Um. You know,

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Speaker 1: it's been assumed that Putin has been trying to exploit

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Speaker 1: some of the differences between allies, and we see today,

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Speaker 1: you know, Biden, Macrone and then also Shoults really trying

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Speaker 1: to firm that up then and and kind of have

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Speaker 1: a sense of solidarity between them. What's the level of

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Speaker 1: solidarity between President Biden and lawmakers on Capitol Hill, many

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Speaker 1: of whom are pushing for some kind of sanction against

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Speaker 1: Russian now, Yeah, so this is a discussion that I

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Speaker 1: think certainly has merits. You know, we hear some pushing

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Speaker 1: for kind peremptory sanctions and to try and get at

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Speaker 1: ahead of potential moves that Russian might make in terms

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Speaker 1: of Ukraine. I think that the administration is wisely being

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Speaker 1: cautious about this, and that's partly in trying to coordinate

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Speaker 1: very closely with European allies to the question of sanctions

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Speaker 1: just has very different meaning and interests on the side

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Speaker 1: of the Atlantic in the sense that you know, Germany

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Speaker 1: alone but most of Europe we lived on Russia very

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Speaker 1: heavily for gas and oil. Energy prices already very high

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Speaker 1: this year, So the kinds of sanctions that are being discussed,

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Speaker 1: which would have very quick repercussions, would be felt very

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Speaker 1: quickly in Europe. So it's important for Biden and to

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Speaker 1: not be undercutting European allies on that simply to do

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Speaker 1: with things for it on Capitol Hill. With that said,

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Speaker 1: I send kind of the urgency coming and that they

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Speaker 1: need to come out strong. But I think the administration

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Speaker 1: is playing it right by now, right right right now

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Speaker 1: with them, we're trying to work in coordination with allies.

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Speaker 1: Otherwise it just won't work in the long term. Obviously,

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Speaker 1: geopolitics are going to be a focus for the President

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Speaker 1: in the coming days, perhaps weeks at the same and

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Speaker 1: we know the President is going to be back out

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Speaker 1: of the road this week selling his economic agenda, and

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Speaker 1: we're hearing more rumblings from the White House that they're

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Speaker 1: sort of repackaging the message, focusing less on COVID and

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Speaker 1: inflation more on jobs. What do you make of this

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Speaker 1: sort of retool at the White House? Well, I think

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Speaker 1: it's absolutely necessary, and anyone watching Biden, I think we

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Speaker 1: would see those as a very necessary reset. You know,

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Speaker 1: they're coming out of a good jobs report last week.

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Speaker 1: Obviously they're going to want to emphasize that the fact

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Speaker 1: that job jobs continue to grow, unemployment continues to go

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Speaker 1: down way to continue to ride. Obviously for many uses

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Speaker 1: in this question of inflation is going to be the

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Speaker 1: make or break issue on how it may feel these

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Speaker 1: effects of the economy. Even though numbers look good, if

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Speaker 1: you're seeing prices go up in your daily bills, then

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Speaker 1: that kind of outweighs that. So the challenge for a

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Speaker 1: Biden is going to beginning under control, but will certainly

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Speaker 1: see a pivot of his messaging more to these positive elements.

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Speaker 1: And also that's empt just on go back better at

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Speaker 1: a larger package if they can get some of these

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Speaker 1: smaller policy things through. The obviously be talking that up,

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Speaker 1: but he's going to be focusing one what's working right

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Speaker 1: for the economy and trying to tipot away from some

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Speaker 1: of these recent failures. Now it's gonna be interesting to

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Speaker 1: see how this repackage of the messaging goes as we

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Speaker 1: do get closer, uh to what a lot of observers

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Speaker 1: think it's going to be a very tough mid term

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Speaker 1: cycle for Democrats. Julie Norman, thank you as always for

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Speaker 1: your insights. Julie Norman teaches politics and International relations at

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Speaker 1: University College London. Looking ahead to the market open SMP

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Speaker 1: futures are lower by seven and a half point, Staff

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Speaker 1: futures down sixty five, dance deck futures are lower by

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Speaker 1: seventeen points. The tenure treasury is down three thirty seconds,

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Speaker 1: the yield one point nine and the yield on the

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Speaker 1: two year right now one point to nine per cent,

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Speaker 1: on the heels of last Friday's big surprise on the

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Speaker 1: January payrolls number. Just ahead. More on the volatility for

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Speaker 1: markets getting closer to the end of earning season, and

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Speaker 1: Spotify continues to deal with Joe Rogan. This is Bloomberg

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Speaker 1: Bloomberg eleven three oh weather. Freezing drizzle this morning, light

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Speaker 1: rain this afternoon, high near forty degrees. Sunshine returns Tomorrow

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Speaker 1: will be in the mid forties tomorrow, low forties Wednesday

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Speaker 1: right now thirty two and cloudy in Central Park. Broadcasting

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Speaker 1: live from the Bloomberg Interactive Broker Studio in New York.

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Speaker 1: Bloomberg e Living free to Washington, d C, Bloomberg ninety

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Speaker 1: San Francisco, Bloomberg nine sixty to the country, Sirius XM

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Speaker 1: Chado one nine team, and around the globe, the Bloomberg

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Speaker 1: Business APT and Bloomberg Radio dot com. This is Bloomberg

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Speaker 1: Daybreak hits six thirty on Wall Street Coom Morning. I'm

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00:20:52,200 --> 00:20:55,240
Speaker 1: Nathan Hager and I'm Cameron Moscow, and we're just about

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Speaker 1: three hours away from the open of US trading. Time

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Speaker 1: for the five things you need to know to start

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Speaker 1: ibkr dot com slash crypto up first. US futures are

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Speaker 1: lower to start the week. Wall Street bracing for inflation

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Speaker 1: data and another big week of earnings. Beget more from

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Speaker 1: Bloomberg's Charlie Pellett. We've heard from about two hundred s

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Speaker 1: and p five hundred companies so far, and about seventy

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Speaker 1: six percent have reported positive earnings surprises, even with high

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Speaker 1: profile misses from companies including metal platforms, and Netflix. Among

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Speaker 1: the US company's schedule to report this week are Emngine,

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Speaker 1: Coca Cola, PepsiCo, Fiser, Twitter, Tyson Foods, Uber and Walt

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Speaker 1: Disney in New York, Charlie Public, Bloomberg day Break, Okay, Charlie,

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Speaker 1: thank you right Now shares a pelletan or up more

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Speaker 1: than twenty three percent. The home fitness company has become

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Speaker 1: a potential takeover target following a sharp plunge in its

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Speaker 1: share price. Amazon and Nike have been reported as possible

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Speaker 1: suitors well. Spotify remains in a spotlight. This morning, Nathan,

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Speaker 1: the company CEO, is speaking out once again about podcaster

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Speaker 1: Joe Rogan. We get the latest life from Bloomberg's Ranida Young,

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Speaker 1: Good Morning, Ranida, Good Morning Karen. Spotify CEO Daniel X

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Speaker 1: tells staff that he's deeply sorry for the impact of

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Speaker 1: the controversy over Joe Rogan, but he supports keeping Rogan's

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Speaker 1: show on the platform. Rogan has been under fire for

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Speaker 1: repeatedly using racial slurs and spreading COVID misinformation on his podcast.

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Speaker 1: While more than a hundred episodes have been removed from Spotify,

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Speaker 1: the company CEO says he does not believe silencing Rogan

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Speaker 1: is the answer. Instead, he says Spotify will spend one

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Speaker 1: hundred million dollars to amplify marginalized voices live in New York.

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Speaker 1: I'm Ranita Young, Bloomberg Daybreak. Thanks Nita. Turning to US politics,

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Speaker 1: President Biden's top advisors are repackaging his economic message at

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Speaker 1: a time when his approval ratings are sinking and his

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Speaker 1: legislative agenda stalls in Congress. Going forward, the President plans

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Speaker 1: to put more emphasis on growth and wages, union jobs,

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Speaker 1: and domestic manufacturing, and give less weight to inflation and COVID.

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Speaker 1: And in politics overseas, Nathan Boris Johnson is doing his

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Speaker 1: best to hold on his Prime Minister of the UK.

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Speaker 1: He's overhauling his team after a series of gaffs and

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Speaker 1: scandals led to the resignation of five close aids, but

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Speaker 1: it may already be too late, and no confidence vote

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Speaker 1: in the Prime Minister could come as soon as this week.

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Speaker 1: And that's the five things you need to know to

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Speaker 1: start your day, brought to you by Interactive Brokers, Futures

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Speaker 1: this morning, moving lower and straight ahead, your latest local headlines,

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Speaker 1: plus the check of sports. And this is Bloomberg all right, Karen,

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Speaker 1: Thank you. Sixty three on Wall Street, thirty two degrees

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Speaker 1: in Central Park in a number of accidents of freezing

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Speaker 1: drizzle in places this morning. We'll get details from Peter

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Speaker 1: Van shortly. First Michael Barr with more on what's going

429
00:23:48,600 --> 00:23:50,720
Speaker 1: on in New York and around the world. Good morning, Michael,

430
00:23:50,840 --> 00:23:53,920
Speaker 1: Good morning, Nathan. President Joe Biden and French President Emmanuel

431
00:23:54,000 --> 00:23:58,280
Speaker 1: mccrown talked by phone about responding to Russia's military build

432
00:23:58,359 --> 00:24:01,120
Speaker 1: up on the Ukrainian border. According to the White House,

433
00:24:01,160 --> 00:24:04,960
Speaker 1: mcrow is due to visit Moscow and Kiev this week. Meanwhile,

434
00:24:05,240 --> 00:24:09,120
Speaker 1: White House National Security Advisor Jake Sullivan says Russia could

435
00:24:09,160 --> 00:24:12,240
Speaker 1: invade Ukraine any day if they choose to go down

436
00:24:12,240 --> 00:24:15,440
Speaker 1: the path of escalation instead. It will come at enormous

437
00:24:15,520 --> 00:24:19,200
Speaker 1: human cost to Ukrainians, but it will also, we believe,

438
00:24:19,240 --> 00:24:22,959
Speaker 1: over time, come at real strategic cost to Vladimir Putin.

439
00:24:23,280 --> 00:24:26,200
Speaker 1: National Security Adviser Sullivan spoke on a d c S

440
00:24:26,280 --> 00:24:29,240
Speaker 1: this week, which can be heard Sundays on Bloomberg. US

441
00:24:29,320 --> 00:24:33,040
Speaker 1: officials confirmed that Russia has assembled at least seventy percent

442
00:24:33,680 --> 00:24:37,159
Speaker 1: of the military firepower it likely intends to have in

443
00:24:37,240 --> 00:24:40,800
Speaker 1: place by mid month to give President Vladimir Putin the

444
00:24:40,840 --> 00:24:44,399
Speaker 1: option of a full scale invasion outdoor dining maybe here

445
00:24:44,440 --> 00:24:47,280
Speaker 1: to stay. In New York. Tomorrow, the city Council will

446
00:24:47,280 --> 00:24:50,520
Speaker 1: begin debating a new bill to make the dining sheds permanent.

447
00:24:50,960 --> 00:24:53,880
Speaker 1: Marjorie Velasquez is the sponsor of the bill. She told

448
00:24:53,920 --> 00:24:58,040
Speaker 1: ABC seven it's important we save our small businesses, our restaurants.

449
00:24:58,280 --> 00:25:02,680
Speaker 1: What's worse to public safe as an empty storefront. Meanwhile,

450
00:25:02,760 --> 00:25:05,800
Speaker 1: dozens protested in the village over the weekend. They say

451
00:25:05,880 --> 00:25:10,119
Speaker 1: the outdoor sheds increase garbage, rats and people sleeping in

452
00:25:10,160 --> 00:25:13,159
Speaker 1: the sheds, and investigation is underwigh into the death of

453
00:25:13,200 --> 00:25:16,960
Speaker 1: a Navy seal candidate after days of intense training. New

454
00:25:17,040 --> 00:25:19,960
Speaker 1: Jersey native Kyle Mullen fell the ill Friday and was

455
00:25:20,000 --> 00:25:23,240
Speaker 1: taken to the hospital just hours after completing the grueling

456
00:25:23,280 --> 00:25:27,480
Speaker 1: seal training program known as Hell Week. Retired Navy Seal

457
00:25:27,520 --> 00:25:31,200
Speaker 1: Admiral Robert Harward says, it's a very tough course. You're

458
00:25:31,400 --> 00:25:34,159
Speaker 1: not sleeping for a whole week to get about I

459
00:25:34,200 --> 00:25:36,760
Speaker 1: think four or five hours of sleep the entire week.

460
00:25:37,320 --> 00:25:42,160
Speaker 1: You're in the ocean incessantly, so you're experienced hypothermia. Retired

461
00:25:42,200 --> 00:25:45,880
Speaker 1: Admiral Robert Harvard tyle Mullen was twenty four. The number

462
00:25:45,920 --> 00:25:48,800
Speaker 1: of an ruly airline passengers increased during the pandemic, and

463
00:25:48,840 --> 00:25:52,120
Speaker 1: now there is a call for federal intervention. The CEO

464
00:25:52,280 --> 00:25:55,120
Speaker 1: of Delta Airlines as calling for a no fly list

465
00:25:55,480 --> 00:25:59,680
Speaker 1: specifically to ban these type of disruptive travelers. Global News

466
00:25:59,680 --> 00:26:03,080
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,

467
00:26:03,359 --> 00:26:06,600
Speaker 1: powered by more than twenty seven hundred journalists and mentalists

468
00:26:06,680 --> 00:26:09,400
Speaker 1: and more than one hundred twenty countries. I'm Michael barn

469
00:26:09,520 --> 00:26:17,720
Speaker 1: This is Bloomberg. Nathan. Okay, Michael, thank you on Wall

470
00:26:17,720 --> 00:26:20,600
Speaker 1: Street time for the Bloomberg Sports Update with John Stasharnathan.

471
00:26:20,640 --> 00:26:22,800
Speaker 1: Three days into the Olympics, United States has not yet

472
00:26:22,800 --> 00:26:25,080
Speaker 1: one of gold medal. Did win a third silver came

473
00:26:25,119 --> 00:26:28,120
Speaker 1: in the figure skating team event. The Russian Olympic committee

474
00:26:28,119 --> 00:26:30,119
Speaker 1: team has expected one of gold led by their fifteen

475
00:26:30,200 --> 00:26:33,520
Speaker 1: year old phenomen Kamila Valieva, but disappointment from a Chaelis

476
00:26:33,520 --> 00:26:36,400
Speaker 1: Shiffer and unable to defender title in the giant slalom.

477
00:26:36,800 --> 00:26:40,440
Speaker 1: She fell on her first run one turn. How this

478
00:26:40,920 --> 00:26:44,000
Speaker 1: small small miss timing of when I really went to

479
00:26:44,080 --> 00:26:48,320
Speaker 1: push the edges and and that makes all the difference.

480
00:26:48,440 --> 00:26:50,520
Speaker 1: Sweeden Sarah Hector when the gold medal schiffering will have

481
00:26:50,600 --> 00:26:53,159
Speaker 1: two more chances for a medal. Canadian Max Parrott won

482
00:26:53,240 --> 00:26:56,080
Speaker 1: gold in the snowboarding men's slope style. American Red Gerard

483
00:26:56,119 --> 00:26:58,480
Speaker 1: who won gold in this four years ago at age seventeen,

484
00:26:58,560 --> 00:27:00,920
Speaker 1: this time finished four worth. He had to lead after

485
00:27:00,960 --> 00:27:03,879
Speaker 1: his first run. An American Britney Bow won silver in

486
00:27:04,000 --> 00:27:07,879
Speaker 1: the speedskating four years ago today she was ten. The

487
00:27:08,000 --> 00:27:10,320
Speaker 1: gold won by the Dutch legend or een Roost at

488
00:27:10,359 --> 00:27:12,520
Speaker 1: age thirty five or fifth gold medal. And this of

489
00:27:12,600 --> 00:27:14,800
Speaker 1: de Nets at a five game road you have lost

490
00:27:14,920 --> 00:27:17,200
Speaker 1: all five game home of the eighth game losing streak

491
00:27:17,240 --> 00:27:20,680
Speaker 1: blown out at Denver on one oh four. Nakoleaocus twenty

492
00:27:20,720 --> 00:27:23,399
Speaker 1: seven points of the triple double. Tyrie Irving led Brooklyn

493
00:27:23,440 --> 00:27:25,600
Speaker 1: with twenty seven a FC won the Pro Bowl. The

494
00:27:25,720 --> 00:27:28,720
Speaker 1: last night in Las Vegas, st rony back Alvin Kamara,

495
00:27:28,800 --> 00:27:31,560
Speaker 1: after playing in the game, got arrested for battery. He

496
00:27:31,680 --> 00:27:34,200
Speaker 1: remains in jail. This morning, the Miami Dolphins named thirty

497
00:27:34,200 --> 00:27:36,159
Speaker 1: eight year old Mike McDaniel or new head coach. He

498
00:27:36,200 --> 00:27:39,560
Speaker 1: had been the forty niners offensive coredator Tom Hogan won

499
00:27:39,560 --> 00:27:41,520
Speaker 1: the A T and T Golf at Pebble beachs Rallied

500
00:27:41,560 --> 00:27:43,879
Speaker 1: past Jordan's speed to win by two, his first p

501
00:27:44,119 --> 00:27:47,399
Speaker 1: JA win at the age of thirty two. John Statward

502
00:27:47,400 --> 00:27:50,640
Speaker 1: Bloomberg spot all right, John, thank you. Six thirty seven

503
00:27:50,680 --> 00:27:52,400
Speaker 1: on Wall Street. Time to take a look at stuck,

504
00:27:52,520 --> 00:27:54,760
Speaker 1: some of the names moving in the pre market. Bloomberg

505
00:27:54,880 --> 00:27:57,880
Speaker 1: Radio and TV markets correspondent Creedy Gooped has just run

506
00:27:58,000 --> 00:28:01,000
Speaker 1: in with some breaking deal news in the air. Breaking

507
00:28:01,080 --> 00:28:03,760
Speaker 1: deal news. Merger Monday is still alive. Natal. We'll start

508
00:28:03,760 --> 00:28:07,159
Speaker 1: off with Airlines here, Frontier Airlines looking to buy Spirit

509
00:28:07,480 --> 00:28:09,840
Speaker 1: at it looks like twenty five and eight three cents

510
00:28:09,880 --> 00:28:12,879
Speaker 1: per share in all stock and cash. Merger deal valued

511
00:28:13,320 --> 00:28:16,119
Speaker 1: at six point six billion dollars. That is moving the

512
00:28:16,160 --> 00:28:18,800
Speaker 1: stock for Spirit Airlines. S A V is your ticker,

513
00:28:19,200 --> 00:28:21,960
Speaker 1: up nine percent in the pre market. American Airlines as well.

514
00:28:22,080 --> 00:28:25,280
Speaker 1: A L is your ticker. They're up two point six

515
00:28:25,480 --> 00:28:28,080
Speaker 1: per cent. So once again some strong deal news stand correct.

516
00:28:28,119 --> 00:28:30,320
Speaker 1: In just the last thirty seconds, it's risen up to

517
00:28:30,400 --> 00:28:32,760
Speaker 1: three percent, So those shares are climbing. Keep an eye

518
00:28:32,800 --> 00:28:35,560
Speaker 1: on them. Throughout the day. Another major mover this morning

519
00:28:35,680 --> 00:28:37,920
Speaker 1: is going to be Peloton p t O n is

520
00:28:37,960 --> 00:28:41,200
Speaker 1: your ticker, jumping twenty four percent in the pre market. Uh,

521
00:28:41,280 --> 00:28:44,280
Speaker 1: that's coming off for Force as exploring takeover options, a

522
00:28:44,400 --> 00:28:47,120
Speaker 1: move that could test investors holding short positions in the

523
00:28:47,200 --> 00:28:49,720
Speaker 1: fitness company. Nathan, I can't tell you how many times

524
00:28:49,760 --> 00:28:51,920
Speaker 1: over the weekend I heard that Apple is going to

525
00:28:52,000 --> 00:28:57,920
Speaker 1: buy Peloton. We'll see it happens. There's so many Yeah, exactly, Well,

526
00:28:57,960 --> 00:28:59,880
Speaker 1: you know what, this kind of a feed into idea

527
00:29:00,040 --> 00:29:02,000
Speaker 1: that big tech has a lot of big cash they're

528
00:29:02,120 --> 00:29:05,480
Speaker 1: looking to make acquisitions there. I remind you Microsoft just

529
00:29:05,720 --> 00:29:09,120
Speaker 1: recently decided to buy Activision, so um, this this would

530
00:29:09,120 --> 00:29:12,480
Speaker 1: be a deal that potentially makes sense. Once again, we

531
00:29:12,600 --> 00:29:14,960
Speaker 1: do have our eyes out for any takeover options there.

532
00:29:15,000 --> 00:29:17,160
Speaker 1: We do also have earnings in mid all the deal

533
00:29:17,280 --> 00:29:20,120
Speaker 1: news we do have Hasbro coming out h a s

534
00:29:20,120 --> 00:29:22,000
Speaker 1: as your taker up one point three percent in the

535
00:29:22,040 --> 00:29:24,480
Speaker 1: pre market, A double whammy for this stock. This is,

536
00:29:24,480 --> 00:29:27,640
Speaker 1: of course the toymaker. They raised their quarterly dividend by

537
00:29:27,720 --> 00:29:30,240
Speaker 1: two point nine percent to seventy cents of share. But

538
00:29:30,320 --> 00:29:32,320
Speaker 1: I think it's a net revenue here that really takes

539
00:29:32,360 --> 00:29:35,680
Speaker 1: the cake up to well, excuse me, coming in two

540
00:29:35,760 --> 00:29:38,760
Speaker 1: billion dollars. The estimate there was one point eight billion,

541
00:29:38,800 --> 00:29:41,320
Speaker 1: So another pretty big beat for that toymaker. And I'm

542
00:29:41,320 --> 00:29:43,320
Speaker 1: gonna preview another earning story here, and that of course

543
00:29:43,360 --> 00:29:46,000
Speaker 1: this Tyson t s n as your taker up one

544
00:29:46,080 --> 00:29:48,440
Speaker 1: point four percent ahead of those numbers. Of course, we

545
00:29:48,520 --> 00:29:51,479
Speaker 1: know rising prices for beef, pork and poultry have been

546
00:29:51,520 --> 00:29:53,960
Speaker 1: in the news. Let's see if Tyson benefits Nathan. All right,

547
00:29:54,000 --> 00:29:55,600
Speaker 1: before we let you go, creaty one are the latest

548
00:29:55,600 --> 00:29:58,200
Speaker 1: analyst moves. We got to talk about Snowflake here. It's

549
00:29:58,240 --> 00:30:00,360
Speaker 1: been a while since we've talked about Snowflake because the

550
00:30:00,400 --> 00:30:03,440
Speaker 1: software company, of course s n o W as your taker,

551
00:30:03,560 --> 00:30:05,960
Speaker 1: gaining four point four percent in the pre market has

552
00:30:06,000 --> 00:30:09,040
Speaker 1: comed up from Morgan Stanley upgraded it to an overweight,

553
00:30:09,120 --> 00:30:12,280
Speaker 1: sighting the pullback in the stock, saying the software solutions

554
00:30:12,320 --> 00:30:15,520
Speaker 1: provider is executing way ahead of plants, so some good news.

555
00:30:15,680 --> 00:30:17,920
Speaker 1: A little bit of backing there from Morgan Stanley. All Right,

556
00:30:17,920 --> 00:30:21,840
Speaker 1: Boomberg Radio and TV Markets correspondent Creedy Gupta staying super

557
00:30:21,920 --> 00:30:24,880
Speaker 1: busy between the deal, news, the earnings, everything else going on.

558
00:30:25,200 --> 00:30:28,360
Speaker 1: Lots to watch in the pre market, and as we

559
00:30:28,440 --> 00:30:30,480
Speaker 1: take a look at stocks as a whole ahead of

560
00:30:30,560 --> 00:30:34,320
Speaker 1: the open of this new trading week, UH modest declines

561
00:30:34,560 --> 00:30:37,880
Speaker 1: for futures. SMP futures right now down almost five point,

562
00:30:37,920 --> 00:30:42,000
Speaker 1: Stown futures down fifty eight. Nasdaq futures uh nearly erasing

563
00:30:42,040 --> 00:30:45,600
Speaker 1: their losses. They're down only about seven points at this point.

564
00:30:45,640 --> 00:30:48,680
Speaker 1: The ten year Treasury is down four thirty seconds. The

565
00:30:48,760 --> 00:30:52,200
Speaker 1: yield one on the tenure note, and right now the

566
00:30:52,280 --> 00:30:54,880
Speaker 1: yield on the two year is at one point three

567
00:30:55,120 --> 00:30:58,040
Speaker 1: zero percent. Look at the market more broadly and Nomex

568
00:30:58,120 --> 00:31:00,440
Speaker 1: crew down eight tenths per cent or seventy two cents

569
00:31:00,480 --> 00:31:03,440
Speaker 1: at nine fifty nine cents. A Baryl Comics Gold up

570
00:31:03,440 --> 00:31:06,400
Speaker 1: three tenths percent, five dollar sixty cents higher at eighteen

571
00:31:06,440 --> 00:31:12,400
Speaker 1: thirteen forty announced Bitcoin seven hundred dollars. Latest from the

572
00:31:12,480 --> 00:31:15,080
Speaker 1: nation's capital. Next, as President Biden gets sad to welcome

573
00:31:15,120 --> 00:31:18,240
Speaker 1: Germany's new chancellor to the White House, begoves Emily Wilkins

574
00:31:18,320 --> 00:31:23,680
Speaker 1: with us. Next, this is Bloomberg Bloomberg eleven three oh weather.

575
00:31:24,040 --> 00:31:26,440
Speaker 1: Freezing drizzle this morning, light rain this afternoon with a

576
00:31:26,480 --> 00:31:29,640
Speaker 1: high near forty. We'll get up to near forty five tomorrow,

577
00:31:29,760 --> 00:31:33,080
Speaker 1: low forties, mostly sunny by Wednesday, currently cloudy thirty two

578
00:31:33,160 --> 00:31:40,360
Speaker 1: degrees in Central Park. Markets, headlines and breaking news twenty

579
00:31:40,400 --> 00:31:43,240
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg

580
00:31:43,280 --> 00:31:46,840
Speaker 1: Business Out and at Bloomberg Quick Tape, He's a Bloomberg

581
00:31:46,920 --> 00:31:56,560
Speaker 1: Business Flash and I'm Cameron Moscow future is lower this morning,

582
00:31:56,600 --> 00:31:58,320
Speaker 1: we get to the first word breaking news dance for

583
00:31:58,400 --> 00:32:02,320
Speaker 1: today's morning call, and here's Maloney Bill. Good morning, Hey,

584
00:32:02,440 --> 00:32:04,959
Speaker 1: good morning, Karen. That's right. Losses in the US futures

585
00:32:05,040 --> 00:32:07,560
Speaker 1: right now down futures down seventy seven points, s B

586
00:32:07,640 --> 00:32:10,800
Speaker 1: strop eight. Well, then ASTA futures are lower by seventeen.

587
00:32:11,280 --> 00:32:13,440
Speaker 1: The US ten ure yield at one point nine to.

588
00:32:14,120 --> 00:32:17,200
Speaker 1: Gold is higher, Oil trading lower, and Bitcoin is up

589
00:32:17,200 --> 00:32:19,880
Speaker 1: by two and a half percent. Shanghai rose two percent

590
00:32:19,960 --> 00:32:24,000
Speaker 1: overnight after reopening, while up markets are trading mixed this morning.

591
00:32:24,400 --> 00:32:26,640
Speaker 1: Back in the US. On the economic front, at three o'clock,

592
00:32:26,680 --> 00:32:30,840
Speaker 1: consumer credit and regarding earnings, zimmer Biomet missed estimates, will

593
00:32:30,920 --> 00:32:34,440
Speaker 1: Hasbro beat estimates. In deal news, Peloton is up twenty

594
00:32:34,480 --> 00:32:37,520
Speaker 1: five percent pre market after reports that it's exploring takeover

595
00:32:37,640 --> 00:32:42,400
Speaker 1: options and Frontier and Spirit Airlines to combine, trapping things

596
00:32:42,480 --> 00:32:45,360
Speaker 1: up excellent cut to equate at Barkley's Snowflake raised to

597
00:32:45,400 --> 00:32:48,160
Speaker 1: overweight at Morgan Stanley while signal was cut. The second

598
00:32:48,200 --> 00:32:52,200
Speaker 1: perform over at RBC Live from the first Breaking News

599
00:32:52,280 --> 00:32:54,920
Speaker 1: Descomb Bill Maloney, care all right, Bill, thank you, and

600
00:32:55,000 --> 00:32:57,480
Speaker 1: here live breaking news over your Bloomberg tive schwalk on

601
00:32:57,560 --> 00:32:59,840
Speaker 1: your termin I'll k you a w K and that's

602
00:32:59,840 --> 00:33:02,440
Speaker 1: a Boomberg business flash. Now here's Michael Barrow with more

603
00:33:02,480 --> 00:33:05,040
Speaker 1: on let's going aut around the world. Michael Karen, thank

604
00:33:05,080 --> 00:33:08,600
Speaker 1: you very much. French President Emmanuel mccram meets Russian President

605
00:33:08,720 --> 00:33:12,200
Speaker 1: Vladimir Putin in Moscow today about the military build up

606
00:33:12,240 --> 00:33:16,680
Speaker 1: on Ukraine's borders. Russia has repeatedly denied having plans to attack.

607
00:33:17,280 --> 00:33:20,320
Speaker 1: UN experts say North Korea is continuing to steal hundreds

608
00:33:20,360 --> 00:33:24,800
Speaker 1: of millions of dollars from financial institutions and cryptocurrency firms

609
00:33:24,840 --> 00:33:28,120
Speaker 1: and exchanges. The illicit money has become an important source

610
00:33:28,200 --> 00:33:31,840
Speaker 1: of revenue for the government and its nuclear and missile programs.

611
00:33:32,200 --> 00:33:35,040
Speaker 1: At the Olympics in Beijing, Sweden leads the gold medal

612
00:33:35,080 --> 00:33:38,880
Speaker 1: account with three. Russia leads the total medal account with six.

613
00:33:39,240 --> 00:33:42,520
Speaker 1: The US has three silvers in the NBA. The Nets

614
00:33:42,600 --> 00:33:45,520
Speaker 1: lost the Celtics one in the NFL Pro Bowl. The

615
00:33:45,680 --> 00:33:49,760
Speaker 1: a f C beat the NFC. For Global News twenty

616
00:33:49,800 --> 00:33:53,080
Speaker 1: four hours a day on air and on Bloomberg Quicktake,

617
00:33:53,320 --> 00:33:56,280
Speaker 1: powered by more than twenty seven hundred journalists and analysts

618
00:33:56,360 --> 00:33:58,840
Speaker 1: more than a hundred twenty countries. I'm Michael Barr. This

619
00:33:58,960 --> 00:34:04,200
Speaker 1: is Bloomberg. The following commentary is from Bloomberg Opinion. Supply

620
00:34:04,280 --> 00:34:08,239
Speaker 1: woes risk a profitless prosperity. I'mbrook Sutherland, a columnist for

621
00:34:08,239 --> 00:34:12,800
Speaker 1: Bloomberg Opinion. Supply chains are getting better in some places. Dover,

622
00:34:12,960 --> 00:34:15,640
Speaker 1: for example, can now buy raw materials such as steel

623
00:34:15,800 --> 00:34:18,239
Speaker 1: for less than what it paid to build existing inventory.

624
00:34:18,719 --> 00:34:22,560
Speaker 1: Rockwell Automation is having an easier time procuring resins. Fastenal

625
00:34:22,640 --> 00:34:26,839
Speaker 1: expressed optimism that COVID absenteeism had piqued, and GM said

626
00:34:26,880 --> 00:34:29,960
Speaker 1: semiconductor access had improved enough to support as much as

627
00:34:29,960 --> 00:34:33,120
Speaker 1: a thirty percent increase in production this year, but broad

628
00:34:33,200 --> 00:34:38,000
Speaker 1: based stabilization remains elusive. For every positive anecdote about supply chains,

629
00:34:38,160 --> 00:34:41,840
Speaker 1: there's a counterweight. Most industrial companies annual guidance calls for

630
00:34:41,880 --> 00:34:44,439
Speaker 1: a market improvement in the operating environment in the back

631
00:34:44,480 --> 00:34:48,600
Speaker 1: half of there's reason to think that will materialize, and

632
00:34:48,719 --> 00:34:52,280
Speaker 1: demand is still holding strong. But with prognostications for supply

633
00:34:52,400 --> 00:34:56,080
Speaker 1: chain normalization already having been repeatedly pushed back, it's fair

634
00:34:56,160 --> 00:34:59,759
Speaker 1: to wonder whether manufacturers are being too optimistic the risk

635
00:35:00,000 --> 00:35:03,120
Speaker 1: of that company's face a period of profitless prosperity. As

636
00:35:03,239 --> 00:35:06,640
Speaker 1: Melia's researchers Scott Davis put it, I'm Brook Sutherland. For

637
00:35:06,719 --> 00:35:09,320
Speaker 1: more opinion, please go to Bloomberg dot com, slash Opinion

638
00:35:09,520 --> 00:35:11,600
Speaker 1: or O P I n go on the Bloomberg terminal.

639
00:35:11,760 --> 00:35:15,600
Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentary is

640
00:35:15,600 --> 00:35:18,040
Speaker 1: gonna be heard every weekday at this time and terminal

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00:35:18,120 --> 00:35:21,160
Speaker 1: customers can read more at O P I n go.

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00:35:21,960 --> 00:35:24,000
Speaker 1: It is six fifty on Wall Street. Returned to news

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00:35:24,080 --> 00:35:26,560
Speaker 1: and science and Technology now with a Bloomberg and j

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00:35:26,760 --> 00:35:29,719
Speaker 1: I T. Stemm report Bronzie Uba New Jersey Institute of

645
00:35:29,800 --> 00:35:34,240
Speaker 1: Technology transforming computing professionals into data scientists to meet demanding

646
00:35:34,280 --> 00:35:36,520
Speaker 1: this fast growing field. Learn more at n j I

647
00:35:36,640 --> 00:35:39,919
Speaker 1: T dot E d U slash Data Science Now. Here's

648
00:35:39,920 --> 00:35:43,400
Speaker 1: just making news and science, technology, engineering, and math. Former

649
00:35:43,440 --> 00:35:46,600
Speaker 1: Food and Drug Administration Commissioner Scott Gottlieb says more U

650
00:35:46,800 --> 00:35:49,640
Speaker 1: S schools are likely to begin lifting mask mandates soon

651
00:35:50,080 --> 00:35:53,360
Speaker 1: as the overall risk from the omicron wave eases. Gottlieb

652
00:35:53,440 --> 00:35:56,800
Speaker 1: tells CBSS Face the Nation, heard Sundays on Bloomberg Radio,

653
00:35:56,920 --> 00:35:59,640
Speaker 1: a lot of kids haven't really known a normal school

654
00:35:59,719 --> 00:36:03,880
Speaker 1: day for two years now. Australia is reopening to international

655
00:36:04,040 --> 00:36:06,600
Speaker 1: visitors after two years that end some of the world's

656
00:36:06,840 --> 00:36:10,000
Speaker 1: toughest border controls that were introduced to stem the spread

657
00:36:10,040 --> 00:36:13,120
Speaker 1: of the coronavirus. Tourists and visa holders that have been

658
00:36:13,200 --> 00:36:16,280
Speaker 1: vaccinated at least twice will be allowed to enter the country,

659
00:36:16,920 --> 00:36:20,280
Speaker 1: and a home along Florida's Gulf Coast will be auctioned

660
00:36:20,360 --> 00:36:22,960
Speaker 1: off in the upcoming week as a non fungible token

661
00:36:23,360 --> 00:36:26,200
Speaker 1: and what's believed to be among the first such transactions

662
00:36:26,239 --> 00:36:28,880
Speaker 1: in the US. Non fungible tokens, or n f t

663
00:36:29,080 --> 00:36:32,480
Speaker 1: s use a version of the encryption technology employed to

664
00:36:32,520 --> 00:36:35,960
Speaker 1: secure our cryptocurrencies to create one of a kind digital objects.

665
00:36:36,239 --> 00:36:41,120
Speaker 1: The technology provides digital creations kind of cer certificate of authenticity,

666
00:36:41,400 --> 00:36:45,920
Speaker 1: allowing ownership of something that could otherwise be replicated endlessly

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00:36:46,320 --> 00:36:48,720
Speaker 1: and as a Bloomberg n j I T Stem report.

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00:36:48,840 --> 00:36:51,800
Speaker 1: Nathan thanks Karen rely from the Bloomberg Interactive Broker Studios

669
00:36:51,920 --> 00:36:53,839
Speaker 1: or at six fifty two on Wall Street, and time

670
00:36:53,880 --> 00:36:55,840
Speaker 1: to check what's going on in d C. Some of

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00:36:55,880 --> 00:36:58,520
Speaker 1: the top stories in our nation's capital include President Biden

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00:36:58,600 --> 00:37:01,120
Speaker 1: preparing to be with Germany's new chancellor as the world

673
00:37:01,200 --> 00:37:04,600
Speaker 1: waits on Russia's next move on Ukraine. White House National

674
00:37:04,640 --> 00:37:07,920
Speaker 1: Security Advisor Jake Sullivan tells ABC's This Week, Russia is

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00:37:07,960 --> 00:37:10,800
Speaker 1: in the window where it could take military action. We

676
00:37:10,920 --> 00:37:14,760
Speaker 1: are ready if President Putin chooses to continue to engage

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00:37:14,800 --> 00:37:17,360
Speaker 1: in diplomacy, and we are serious about that, and we

678
00:37:17,440 --> 00:37:21,200
Speaker 1: are ready to respond in a united, swift and severe

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00:37:21,239 --> 00:37:23,880
Speaker 1: way with our allies and partners, should you choose to

680
00:37:23,960 --> 00:37:27,400
Speaker 1: move forward with the military escalation. And Deputy Treasury Secretary

681
00:37:27,440 --> 00:37:30,960
Speaker 1: Wally Audi Yamo says sanctions will hurt even if Russia

682
00:37:30,960 --> 00:37:34,800
Speaker 1: aligns itself more closely with China. Their critical technologies that

683
00:37:34,880 --> 00:37:37,640
Speaker 1: Russia's dependent on the United States and our allies on

684
00:37:38,000 --> 00:37:41,360
Speaker 1: technologies that Russia that China design have access to Russian

685
00:37:41,400 --> 00:37:43,480
Speaker 1: elites who we would cut off from the global financial

686
00:37:43,520 --> 00:37:46,640
Speaker 1: system are not putting their money in China, They're putting

687
00:37:46,640 --> 00:37:49,160
Speaker 1: their money in Europe and in the United States. Deputy

688
00:37:49,200 --> 00:37:52,600
Speaker 1: Secretary Audi Jamo was on CBSS Face the Nation. Also

689
00:37:52,719 --> 00:37:56,280
Speaker 1: making news, the Republican National Committee accusing the House January

690
00:37:56,360 --> 00:38:00,360
Speaker 1: six Committee of targeting people engaged in legitimate political disc course.

691
00:38:00,560 --> 00:38:03,960
Speaker 1: Republican Michael McCall chairs the House Homeland Security Committee. As

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00:38:03,960 --> 00:38:06,680
Speaker 1: I understand if they're referring to the peaceful protesters when

693
00:38:06,719 --> 00:38:10,320
Speaker 1: they said that, I do not agree with that statement.

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00:38:10,320 --> 00:38:13,640
Speaker 1: If it's if it's applying to those who committed criminal

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00:38:13,680 --> 00:38:18,000
Speaker 1: offenses and violence to overtake our shrine of democracy. Congressman

696
00:38:18,040 --> 00:38:21,480
Speaker 1: McCall was on ABC's This Week. Republican Senator Marco Rubio

697
00:38:21,560 --> 00:38:24,440
Speaker 1: went further on CBS's Face the Nation. This commission is

698
00:38:24,520 --> 00:38:27,640
Speaker 1: nothing but a partisan tool designed to go out and smear,

699
00:38:27,680 --> 00:38:29,959
Speaker 1: on attack, and get their hands on as many people

700
00:38:30,000 --> 00:38:32,759
Speaker 1: as they can, including people that Warren in Washington on

701
00:38:32,880 --> 00:38:35,319
Speaker 1: January six, Face the Nation in this week and heard

702
00:38:35,680 --> 00:38:38,319
Speaker 1: can be heard every Sunday on Bloomberg Radio. Let's Get

703
00:38:38,360 --> 00:38:40,520
Speaker 1: More Now on this Monday morning from Bloomberg Government reporter

704
00:38:40,600 --> 00:38:43,520
Speaker 1: Emily Wilkins. As we await that news conference and meeting

705
00:38:43,560 --> 00:38:47,320
Speaker 1: this afternoon Emily with President Biden and Germany's new Chancellor

706
00:38:47,360 --> 00:38:50,920
Speaker 1: roll Off Schultz. Yes, this is going to be yet

707
00:38:51,000 --> 00:38:54,880
Speaker 1: another opportunity of both for President Biden to work with

708
00:38:55,080 --> 00:38:58,120
Speaker 1: his European allies on the issue of Russia and Ukraine,

709
00:38:58,480 --> 00:39:01,080
Speaker 1: as long as an opportunity for folks himself. I mean,

710
00:39:01,200 --> 00:39:04,080
Speaker 1: he has very big shoes to fill u stepping into

711
00:39:04,080 --> 00:39:07,040
Speaker 1: the position that he is, and he's under some criticism

712
00:39:07,520 --> 00:39:10,640
Speaker 1: from Germans for not doing enough at this point on

713
00:39:10,840 --> 00:39:13,960
Speaker 1: Russia as well as in other areas. And so it

714
00:39:14,000 --> 00:39:16,520
Speaker 1: will be interesting too to listen to both of these

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00:39:16,600 --> 00:39:19,640
Speaker 1: world leaders during the speeding to see if they have

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00:39:20,080 --> 00:39:23,359
Speaker 1: any strong remarks or if they lay out any sort

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00:39:23,360 --> 00:39:26,520
Speaker 1: of specific plan when it comes to Russia. We have

718
00:39:26,680 --> 00:39:29,000
Speaker 1: her calls for the U S and its allies to

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00:39:29,040 --> 00:39:31,880
Speaker 1: get more specific as to what sanctions they would be

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00:39:31,960 --> 00:39:34,840
Speaker 1: threatening Russia with at this point. The White House has

721
00:39:34,880 --> 00:39:37,799
Speaker 1: said they haven't defined those because that's part of their

722
00:39:37,840 --> 00:39:41,319
Speaker 1: strategy in dealing with Russia at this moment um. Nathan,

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00:39:41,360 --> 00:39:44,640
Speaker 1: you also mentioned that Biden has spoken with French President

724
00:39:44,960 --> 00:39:48,239
Speaker 1: kron Uh. Well, he's really trying to talk a little

725
00:39:48,239 --> 00:39:51,160
Speaker 1: bit about the escalation at this point, trying to you

726
00:39:51,480 --> 00:39:55,000
Speaker 1: can bring tensions down. Biden has spoken with him a

727
00:39:55,120 --> 00:39:58,560
Speaker 1: few times in the last week, and he Makron himself

728
00:39:58,600 --> 00:40:01,680
Speaker 1: has spoken with Prutin and so that's serve another interesting

729
00:40:01,800 --> 00:40:05,719
Speaker 1: player to watch as their continues to be the standoff

730
00:40:05,840 --> 00:40:09,239
Speaker 1: at the Ukrainian border with Russian troops, and as the

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00:40:09,280 --> 00:40:12,320
Speaker 1: President keeps the focus on geopolitics right now, we're also

732
00:40:12,440 --> 00:40:15,000
Speaker 1: hearing that he's doing a little more retooling of his

733
00:40:15,120 --> 00:40:18,880
Speaker 1: economic message. Yeah, so expect to hear a little bit

734
00:40:18,960 --> 00:40:22,360
Speaker 1: less about the President's stall, build back better plan and

735
00:40:22,520 --> 00:40:25,239
Speaker 1: expect to hear more about Biden doubting his winds on

736
00:40:25,360 --> 00:40:29,600
Speaker 1: the economy. That's more growth and wages, growth in union jobs,

737
00:40:29,920 --> 00:40:33,840
Speaker 1: domestic manufacturing. Uh. He'd got a really great job support

738
00:40:33,920 --> 00:40:36,560
Speaker 1: for him on Friday, especially given that so many people

739
00:40:36,640 --> 00:40:39,120
Speaker 1: thought that it wasn't going to look good at all.

740
00:40:39,880 --> 00:40:41,840
Speaker 1: Job growth is one area that the White House is

741
00:40:41,920 --> 00:40:45,680
Speaker 1: really able to tout, pointing to the current unemployment rates.

742
00:40:46,320 --> 00:40:49,520
Speaker 1: And this is our strategy that Biden's undertaking. As many

743
00:40:49,600 --> 00:40:53,840
Speaker 1: Americans are are suffering with high inflation, with supply chain backlog.

744
00:40:54,440 --> 00:40:57,720
Speaker 1: This is Biden really trying to address his economic record

745
00:40:57,920 --> 00:41:00,719
Speaker 1: and address some of the financial pains that Americans are

746
00:41:00,800 --> 00:41:03,680
Speaker 1: feeling on a day to day basis. And the idea

747
00:41:03,719 --> 00:41:06,440
Speaker 1: is that Biden thinks this might be a better statue

748
00:41:06,600 --> 00:41:10,480
Speaker 1: going forward than to continue to talk about legislation that

749
00:41:10,880 --> 00:41:13,040
Speaker 1: at this point does not does does not have a

750
00:41:13,120 --> 00:41:16,240
Speaker 1: pass forward in Congress. All right, Bloomberg Government reporter Emily

751
00:41:16,320 --> 00:41:18,880
Speaker 1: Wilkins with us from Washington this morning. And you can

752
00:41:18,920 --> 00:41:21,000
Speaker 1: read more about all this at Bloomberg dot com or

753
00:41:21,040 --> 00:41:23,600
Speaker 1: on the Bloomberg terminal. Listen to Bloomberg Radio in the

754
00:41:23,719 --> 00:41:27,480
Speaker 1: nation's capital, Bloomberg and one oh five point seven FM

755
00:41:27,680 --> 00:41:30,040
Speaker 1: h D two. Karen, all right, Nathan, thank you at

756
00:41:30,080 --> 00:41:33,000
Speaker 1: his six fifty six on Wall Street. And this is

757
00:41:33,040 --> 00:41:36,040
Speaker 1: Bloomberg day Break. February is Black History Month, and every

758
00:41:36,080 --> 00:41:39,400
Speaker 1: day this month we're celebrating significant moments in US black history.

759
00:41:39,800 --> 00:41:43,080
Speaker 1: Now with your installment for February seven, here's Bloomberg's Ready

760
00:41:43,080 --> 00:41:46,680
Speaker 1: Too Young on this day in Black History. In nineteen six,

761
00:41:47,120 --> 00:41:50,520
Speaker 1: Negro History Week was observed for the first time. It

762
00:41:50,680 --> 00:41:54,200
Speaker 1: was the brainchild of noted historian Carter G. Woodson and

763
00:41:54,320 --> 00:41:58,560
Speaker 1: other prominent African Americans. Over the next few decades, mayors

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00:41:58,600 --> 00:42:03,520
Speaker 1: of cities across the States began issuing yearly proclamations recognizing

765
00:42:03,560 --> 00:42:06,480
Speaker 1: the week. So by the time the late nineteen sixties

766
00:42:06,600 --> 00:42:09,200
Speaker 1: rolled in, along with the civil rights movement and a

767
00:42:09,320 --> 00:42:14,080
Speaker 1: growing awareness of black identity, Negro History Week had evolved

768
00:42:14,120 --> 00:42:18,360
Speaker 1: into Black History Month on many college campuses. So President

769
00:42:18,440 --> 00:42:23,239
Speaker 1: Gerald Ford officially recognized Black History Month in nineteen seventy six,

770
00:42:23,840 --> 00:42:27,920
Speaker 1: and since then every US president has officially designated February

771
00:42:28,040 --> 00:42:31,680
Speaker 1: as Black History Month. That's today in Black History. I'm

772
00:42:31,719 --> 00:42:35,000
Speaker 1: gonna to young Bloomberg Radio, all right, rinned to thank

773
00:42:35,080 --> 00:42:38,560
Speaker 1: you and again. Futures this morning are moving lower with

774
00:42:38,760 --> 00:42:41,560
Speaker 1: SMP Future is down about six points this morning, and

775
00:42:41,640 --> 00:42:45,680
Speaker 1: Bloomberg Surveillance is straight ahead. For Nathan Hager, I'm barad

776
00:42:45,760 --> 00:42:48,160
Speaker 1: Moscow and this is Bloomberg