Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is is Bloomberg
Speaker 1: day Break for Tuesday, January two. Coming up this hour.
Speaker 1: Stocks are under pressure again after yesterday's wild comeback on
Speaker 1: Wall Street, fed policy and focus, as the Central Bank
Speaker 1: begins at two day meeting. Microsoft kicks off tech earnings
Speaker 1: on the heels of solid results from IBM, and the
Speaker 1: US puts thousands of troops on alert in Eastern Europe.
Speaker 1: New York Mayor Adams is reviving the controversial anti crime
Speaker 1: unit amid gun violence. Plus former New York Assembly Speaker
Speaker 1: Sheldon Silver has died. I'm Michael Blomber. More ahead, I'm
Speaker 1: John Stas Shower's fourth the nixt lost by two, the
Speaker 1: Rangers wanting to shootout St. John's been seating Hall. And
Speaker 1: it's the quarterfinals of the Australian Open. That's all straight
Speaker 1: ahead on Bloomberg day Break on Bloomberg eleven Trio, New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen
Speaker 1: and around the world from Bloomberg Radio dot Com and
Speaker 1: via the Bloomberg Business or good morning. I'm Nathan Hagar
Speaker 1: and I'm Karen Moscow, and US future is pointing to
Speaker 1: more volatility this morning. We're coming up to six o
Speaker 1: one on Wall Street, and we check the markets every
Speaker 1: fifteen minutes throughout the trading day. On bloomberg S and
Speaker 1: P Future is down forty seven points down Future is
Speaker 1: down two hundred two and NASDAG futures down two hundred
Speaker 1: twenty seven. The decks in Germany's up half per cent,
Speaker 1: the ten year treasury down three thirties seconds. He had
Speaker 1: one point seven eight percent, and they yield on the
Speaker 1: two year one point one percent. Nine meg Screwed oil
Speaker 1: is up eight ten percent or sixty six cents at
Speaker 1: eighty three dollars ninety seven cents a barrel. Comic School
Speaker 1: down two tens percent or three dollars ninety cents at
Speaker 1: eighteen forty thirty. Announced the euro one point one to
Speaker 1: eight one against the dollar and bitcoin at thirty six thousand,
Speaker 1: four hundred dollars. Nathan Karen, US stocks are under more
Speaker 1: pressure this morning after yesterday's wild turnaround on Wall Street.
Speaker 1: Let's get the very latest live with Bloomberg's John Tucker.
Speaker 1: Nathan Global anquities wiped out almost three trillion dollars yesterday.
Speaker 1: That's before a dramatic reversal, So the US benchmarks ending
Speaker 1: in the green. Jeremy Seguel and at the Wharton School
Speaker 1: says these moves shouldn't come as a surprise, you know,
Speaker 1: when the market has gone up as much as it
Speaker 1: has since March of two thousands. This is still not
Speaker 1: a big dip. But I don't think the pain is
Speaker 1: over yet. Jeremy Seguel says that says the nasdack will
Speaker 1: fall from its November high. Volatility is the name of
Speaker 1: the game. The vix is up for a sixth session today.
Speaker 1: It briefly jumped to the highest level since October twenty
Speaker 1: before receding. The question facing advantags now is whether any
Speaker 1: slide is a buying opportunity or pretends wider stress across
Speaker 1: more asset classes. Live in New York, I'm John Tucker,
Speaker 1: Bloomberg Daybreak, Right, John, thank you, My US futures aren't
Speaker 1: the only thing falling today. Stocks in Asia saw some
Speaker 1: heavy selling overnight, and we get the recount from Bloomberg's
Speaker 1: Juliet Sally in Singapore. Good morning, Juliette, Good morning, Karen.
Speaker 1: The m c I Asia Pacific Index fell the most
Speaker 1: since December to reach its lowest level since November twenty.
Speaker 1: Japan's Topics index closed down one into correction. Territory South
Speaker 1: Koreas Cosby is nearing a bear market. He dropped more
Speaker 1: than two and a half percent. In Soul. Australian sulks
Speaker 1: fell to Meylo's and bondy Old searched after stronger than
Speaker 1: expected inflation data boosted bets on rate increases in Singapore.
Speaker 1: Juliette Sally Bloomberg Daybreak Juliet Thanks. The recent sell off,
Speaker 1: along with last week slump, is being pinned on concerns
Speaker 1: over tighter monetary policy. We get more clues on that
Speaker 1: this week as the Fed kicks off its two day
Speaker 1: policy meeting. Bridgewater Associates founder Ray dal Leo says the
Speaker 1: Central Bank is still too slow. The Federal Reserve has
Speaker 1: been behind the curve slower to type monetary policy and
Speaker 1: as a result, we're now starting to see the rise
Speaker 1: in interest rates to be able to deal with that.
Speaker 1: As that happens, all assets compete with each other. That
Speaker 1: means all the other assets have to adjust. We're in
Speaker 1: a process of making that kind of adjustment. Bridgewater Associates
Speaker 1: founder Ray down Leo made the comments in an interview
Speaker 1: with David Rubinstein on peer to peer conversations. Catch the
Speaker 1: show coming up next week on Bloomberg Television. Well, Nathan,
Speaker 1: outside of the fed traders are watching for tech earnings
Speaker 1: this week, and today we get results from Microsoft here
Speaker 1: with more is Bloomberg's Tom Busby. The big focus for
Speaker 1: investors the software giants Azure cloud computing unit and web
Speaker 1: based versions of its office software. Also of note holiday
Speaker 1: sales of its Xbox gaming console and video games. Just
Speaker 1: last week, Microsoft announced its biggest acquisition ever, a nearly
Speaker 1: sixty nine billion dollar deal to acquire Activision Blizzard. Bloomberg
Speaker 1: forecasting revenue topping fifty billion dollars for the first time
Speaker 1: ever and adjusted earnings of two dollars thirty two cents
Speaker 1: a share for the second quarter. Tom Busby Bloomberg Daybreak
Speaker 1: and tom results are already out from IBM. That company
Speaker 1: reported revenue that beat estimates, has shares up nearly three
Speaker 1: percent in the free market. Bloomberg's Charlie Pellett has more.
Speaker 1: IBM got a boost from strong demand in its software unit,
Speaker 1: which includes IBMS hybrid cloud offering. IBM software unit, the
Speaker 1: biggest business group, grew eight point two percent. The consulting unit,
Speaker 1: formerly known as Global Business Services, reported a thirteen percent
Speaker 1: increase compared with the year prior. The results were the
Speaker 1: first since IBM completed the spinoff of a large portion
Speaker 1: of its legacy infrastructure services unit in November into a
Speaker 1: new company in New York. Charlie Pellett Bloomberg Daybreak. All right, Charlie,
Speaker 1: thank you. Bitcoin also in focus after yesterday's wild swings.
Speaker 1: Have we get the latest Life from Bloomberg's ni A Young,
Speaker 1: Good morning Radia, Good morning Karen. Yesterday headlines were all
Speaker 1: about the crypto crash, but bitcoin snapped a five day slide,
Speaker 1: and this morning the world's largest crypto is trading lower
Speaker 1: once again. Analyst from Bloomberg's Life blog say, don't read
Speaker 1: too much into today's modest decline. While Bitcoin appears to
Speaker 1: be trading in correlation with stocks, and let's note that
Speaker 1: turns in the digital asset came before those in stocks,
Speaker 1: both on the way down and back up. Right now,
Speaker 1: Bitcoin is trading around thirty seven thousand. Live in New York.
Speaker 1: I'm Renita Young, Bloomberg day Break, Nita, thanks, Let's make
Speaker 1: a hard turn to geo politics now, where Russia and
Speaker 1: Ukraine remained front and center. The US is putting eight
Speaker 1: troops on heidened alert. Has tensions swirl over a possible
Speaker 1: Russian invasion, Bloomberg said, Baxter has the very latest Pentagon
Speaker 1: spokes When John Kirby says on both sides of the Atlantic,
Speaker 1: the United States has taken steps to heighten the readiness
Speaker 1: of its forces at home and abroad, so they are
Speaker 1: prepared to respond to a range of contingencies, and White
Speaker 1: House spokes when Jansaki says it could come at any time.
Speaker 1: It never ruled out the option of providing assistant additional
Speaker 1: assistance in advance of an invasion. President met with European
Speaker 1: leaders and says they discuss severe sanctions as well as
Speaker 1: securing the eastern flank of NATO in San Francisco. I'm
Speaker 1: at Baxter Bloomberg day Break, and thank you. Arning to
Speaker 1: the pandemic. Now we have encouraging news in the battle
Speaker 1: against the oom Crown Variandviser and by On Tech say
Speaker 1: a pair of studies confirmed three doses of their COVID
Speaker 1: nineteen vaccine produced antibodies that can neutralize the omicron variant,
Speaker 1: as according to lab studies published in the journal Science.
Speaker 1: Straight Ahead your latest local headlines, plus a check of sports.
Speaker 1: This is Bloomberg. Thanks En six o seven on Wall Street,
Speaker 1: Clowns and thirty seven degrees in Central Park. We have
Speaker 1: an accident on eastbound Route two eight seven and exit
Speaker 1: ten and Ryebruck to tails coming up in traffic First
Speaker 1: Michael Barr with more on what's going on in New
Speaker 1: York and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: New York City Mayor Eric Adams vows to take a
Speaker 1: media of action to end gun violence. During his first
Speaker 1: few weeks in office, there have been a string of
Speaker 1: tragic and high profile crimes. We need help, we need resources,
Speaker 1: we need back up. Adams called for the state to
Speaker 1: enact more restrictive bail provisions and announced plans to revive
Speaker 1: the controversial anti crime unit. They were the Playing Close units,
Speaker 1: disbanded under former Mayor de Blasio after misconduct complaints. Malde. However,
Speaker 1: Adams says the units will be monitored. But my fellow
Speaker 1: New Yorker is we are going to do a lot
Speaker 1: more than pray. We're going to turn out pain. It's
Speaker 1: a propose. We're going to unite and take action. Mayor
Speaker 1: Adams says his goal is to bring thousands of guns
Speaker 1: off the streets. Meanwhile, a vigil was held outside of
Speaker 1: Harlem Police Precinct last night in honor of the two
Speaker 1: officers shot Friday night. Rookie policeman Jason Rivera was killed.
Speaker 1: His partner, Wilbert Mora, is fighting for his life. Mourners
Speaker 1: held prayers outside the thirty second precinct. A New York
Speaker 1: State judge has rule that the state's mask mandate can't
Speaker 1: be enforced. The mandate was reinstituted by Governor Hocul until
Speaker 1: February one over concerns about him when you surge of
Speaker 1: coronavirus cases. Hocal says the administration disagrees with ruling and
Speaker 1: is pursuing every option to reverse it. Nassau County Executive
Speaker 1: Bruce Blakeman signed an executive order challenging the state mask mandate.
Speaker 1: After you're taking office this month. The government does not
Speaker 1: have power unilaterally and the Health Commission does not have
Speaker 1: power laterally to make rules that materially affect people's lives
Speaker 1: without respect to the cloud old damage has done, especially
Speaker 1: to our to our school children's. Nassau County Executive Blakeman
Speaker 1: called it a great victory. Meanwhile, the state Department of
Speaker 1: Education says it will still require masks for students and
Speaker 1: schools while the decision is appealed. Former New York Assembly
Speaker 1: Speaker Sheldon Silver, who was convicted on corruption charges, has
Speaker 1: died in federal custody. He was seventy seven. The word
Speaker 1: yet on the official cause of death. New York Mayor
Speaker 1: Adams choice to have his first paycheck in bitcoin. It's
Speaker 1: not looking great at least for now. He likely lost
Speaker 1: about a thousand dollars as the cryptocurrency market fell. Adam
Speaker 1: says though he is a long term investor. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan,
Speaker 1: Thank you, Michael. Coming up to six ten on Wall Street.
Speaker 1: Time for the Bloomberg Sports I Think with Johnston show.
Speaker 1: All right, Nathan's tough week for the next three games
Speaker 1: and five nights against three of the top five teams.
Speaker 1: In the East first stop much improved Cleveland fifty to
Speaker 1: fifty at halftime. Kevin Love got hot in the third quarter.
Speaker 1: He made six three pointers. Nixon the fourth wiped out
Speaker 1: a fifteen point Deva said, but R J. Barrett missed
Speaker 1: the three that would have put them ahead. The Calves
Speaker 1: won three. Love scored twenty points. Barrett at twenty four.
Speaker 1: Knicks are in Miami tomorrow and then go to Milwaukee
Speaker 1: Rangers Kings at the Garden. The game went to a
Speaker 1: shootout twice. A Ranger had to score to keep it going.
Speaker 1: Both our Tommi Panarin and electis La Franae did then
Speaker 1: did that, and then in the sixth round it was
Speaker 1: time for the Rangers. Adam Fox, Fuck de Shots Stars,
Speaker 1: Great Church, twin out of fuck Fu fuck Rachard celebrate
Speaker 1: half the tals for Fox the all They're half goalsp
Speaker 1: and the Call. Rangers won three to their nine and three.
Speaker 1: Since New Year's Eve, St. John's and Seaton Hall made
Speaker 1: up a game postponed by COVID, so the two games
Speaker 1: between the three between the teams in three days. Pirates
Speaker 1: one Saturday at the Garden. Red Storm wanted Walsh Jim
Speaker 1: going away eighty four to sixty three, first on campus
Speaker 1: game for seton hallss N eighty nine, a couple of
Speaker 1: lefties played along five center at the Australian Open. Raphael
Speaker 1: that that won the first two sets, Dennis Chapa all
Speaker 1: of the next two and Ndal pulled it out in five.
Speaker 1: Also on of the semifinals goes American Madison Keys women's
Speaker 1: top seed Ash Barty crushed American Jess Pagoula six two
Speaker 1: six Love John stash Atwards, Bloomberg Sports Nathan Okay, John,
Speaker 1: thank you. SMP futures down down thirty nine point, staff
Speaker 1: futures down a hundred thirty seven nasdack futures lower by
Speaker 1: two hundred one points. That is a decline of one
Speaker 1: point four percent ten Your treasury down four thirty seconds.
Speaker 1: The yield one point seven eight percent. This is Bloomberg
Speaker 1: coming up to six twelve on Wall Street. Bloomberg day
Speaker 1: Break is brought to you by Audie. Don't let someone
Speaker 1: else drive off in the outie model you've always wanted.
Speaker 1: Visit a tri state autie dealer to get behind the
Speaker 1: wheel of yours. Today, markets headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business at and at Bloomberg Quick Tape, He's a Bloomberg
Speaker 1: business lash and I'm Karen Moscow u s Dock Index
Speaker 1: futures are following this morning as investors wa concerns about
Speaker 1: tightening monetary policy and geo political tension against positive earnings
Speaker 1: reports to check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg guess and P futures down thirty
Speaker 1: eight points down, Future is down a hundred forty three
Speaker 1: and as day futures down one seven The decks in
Speaker 1: Germany's up eight tenths of per cent, the ten year
Speaker 1: treasury down five thirty seconds. He had one point seven
Speaker 1: nine percent yield on the two year one point two percent.
Speaker 1: Nimex screwed oils up eight ten percent or sixty seven
Speaker 1: cents at eighty three dollars ninety nine cents. A barrel
Speaker 1: comic school down a quarter percent or four dollars eighty
Speaker 1: cents at eighteen thirty nine forty announced. The euro one
Speaker 1: point one two eight two against the dollar, British bound
Speaker 1: one point three four seven three, the ends at one
Speaker 1: four teen point one three and Bitcoin this morning, moving
Speaker 1: lower at thirty six thousand, five hundred dollars. Also watching
Speaker 1: in Video today, down about two and a half percent
Speaker 1: this morning. Sources telling Bloomberg and Video quietly preparing to
Speaker 1: abandon his purchase of arm from soft Bank Group after
Speaker 1: making little to no progress in winning approval for the
Speaker 1: forty billion dollar chip deal. Has a Bloomberg Business Flash.
Speaker 1: Now here's Michael Barr with more on what's going on
Speaker 1: around the world. Michael Karen, thank you very much. The
Speaker 1: Pentagon says Defense Secretary Lloyd Austin has ordered about eighty
Speaker 1: five hundred US troops on heightened alert, preparing for possible
Speaker 1: deployment to Europe if needed, to reassure NATO allies and
Speaker 1: the face of Russian aggression on the border of Ukraine.
Speaker 1: Russia says though it has no plans to invade Ukraine.
Speaker 1: North Korea appears to have fire two cruise missiles this
Speaker 1: morning towards waters off its east coast, According to a
Speaker 1: South Korean military official. The North has ramped up a
Speaker 1: barrage of test this month that have rattled regional security.
Speaker 1: In the NBA, the nixt lost in the NHL, the
Speaker 1: Rangers won, the Bruins and capitals lost Global news twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven under journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael Barr, This is Bloomberg.
Speaker 1: Nathan all right, Michael, Thanks six nineteen on Wall Street
Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak.
Speaker 1: We get right back to the market action now with
Speaker 1: Daniel Morris, chief market strategist at BNP Party bo Asset Management,
Speaker 1: as we watch futures continue to fall this morning after
Speaker 1: the wild turnaround yesterday, and a lot of analysts were
Speaker 1: looking for choppy waters to start this year, but were
Speaker 1: we expecting anything like this? Dan? I think there are
Speaker 1: two things that explain why it's been so volatila at
Speaker 1: the beginning of the year. So number one, I mean,
Speaker 1: we didn't anticipate over the course of the year an
Speaker 1: increase in real interest rates and that would put pressure
Speaker 1: on valuations, particularly for gross stalks. And the question was
Speaker 1: really just when that would happen and how quickly. So
Speaker 1: we have the answer to that question. It's now, and
Speaker 1: it's very quickly. I think what's exacerbated that though, has
Speaker 1: been the disappointment on the earning side, and not per
Speaker 1: se and the results themselves, but on the guidance. I mean,
Speaker 1: typically you have about twenty percent of companies when they
Speaker 1: report getting positive guidance. So again, at the best of times,
Speaker 1: it's not necessarily high number. But last year we know
Speaker 1: we had earning surprises, significant earning enterprises through the whole season,
Speaker 1: and positive guidance was around fifty or sometimes even six.
Speaker 1: Over the last couple of weeks, it's been five percent
Speaker 1: out of this earning season, so I think that's been
Speaker 1: a kind of other unpleasant surprise in all of this,
Speaker 1: I think has made this downturn a lot more here.
Speaker 1: Do you expect this downturn to go further? And if so,
Speaker 1: how much? Well, you know, that's always the key question.
Speaker 1: I think the two things that make us still a
Speaker 1: little bit cautious are number one, if you look at
Speaker 1: valuations and again for gross talks in particular, they're certainly
Speaker 1: lower than they were, but nowhere where you'd call cheap,
Speaker 1: and nowhere yet the levels you are at prior to
Speaker 1: the latest QUEI round that followed the pandemic. And secondarily,
Speaker 1: without kind of better earning support, you do think that
Speaker 1: there's still some nervousness. The other thing to keep in
Speaker 1: mind is, you know you're getting more and more discussion
Speaker 1: about even more interest rate hikes in next year. So
Speaker 1: I've said a three four up to seven, So instill
Speaker 1: the market until the market has settled on the number.
Speaker 1: There the risk or the concern is going to be
Speaker 1: that it's howire interest rates and again further pressure on
Speaker 1: valuations and putting further pressure, I would imagine on the Fed.
Speaker 1: Is that what you're thinking here is we're waiting for
Speaker 1: Chairman Powell to come out with the policy decision tomorrow. Well,
Speaker 1: this really is perhaps a lit as test. There was
Speaker 1: always a question, you know whenever you know, we talked
Speaker 1: about the central bank put screens, found put and so on,
Speaker 1: and if they see a significant decline in the market,
Speaker 1: you know, would they later in the year have paused, uh,
Speaker 1: the interest rate hikes or the balancie runoff? Well that
Speaker 1: that question is going to post itself. Now, how you
Speaker 1: know much do they say particularly run balance you runoff?
Speaker 1: Because that's been the big change over the last several
Speaker 1: weeks that we had the last Fed minutes. You know,
Speaker 1: how quickly they're going to do that, and you know,
Speaker 1: we won't know what they would have said otherwise, but
Speaker 1: you you wonder if they're going to be quite as
Speaker 1: aggressive now given how the markets reacted. What's your calm
Speaker 1: on what we can get from the Fed tomorrow? Um?
Speaker 1: But I think we see the market pricing in uh,
Speaker 1: you know, already five hikes and that could go a
Speaker 1: bit higher. We anticipated that they're going to attempt to
Speaker 1: one be clear that they are going to address inflation,
Speaker 1: but at the same time, perhaps be a little bit
Speaker 1: more cautious about how quickly they're going to do that,
Speaker 1: to let the markets at least a jest the news
Speaker 1: that they've had to deal with over the last few weeks.
Speaker 1: Just to take a little outer view here, Daniel, what
Speaker 1: are the wild swings like we saw yesterday tell you
Speaker 1: about the health of this market right now? Well, certainly
Speaker 1: you would like to see a bit more breadth in
Speaker 1: the in the market itself. I think what we're always
Speaker 1: wondering about is, you know, what point will go to
Speaker 1: broad investors, retail investors, in tutional investors, so thinks have
Speaker 1: fallen enough to to come back into the market and
Speaker 1: buy the dep in a classic sense. Uh, you know,
Speaker 1: whether we necessarily saw a sign of that yesterday, I'd
Speaker 1: think probably not. Like I said, we really haven't seen
Speaker 1: valuations reset to a level where stocks are cheap in
Speaker 1: absolute terms. I think what we're seeing is, you know,
Speaker 1: when you're transitioning from an environment really over the last
Speaker 1: fifteen years, with the exception of the hikes under yelling
Speaker 1: but still broadly falling interest rate environment to what we
Speaker 1: appreciate now is secularly different. Uh. That's just going to
Speaker 1: take some time for the markets to adjust to that,
Speaker 1: and that implies a lot of volatility. All right, Daniel,
Speaker 1: thank you as always good to get your insights this
Speaker 1: morning after uh, pretty wild start to the week. Daniel
Speaker 1: Morris's chief market strategist at BNP Party BA Asset Management,
Speaker 1: want to pass along a red headline just across the
Speaker 1: Bloomberg terminal. GE has reported fourth quarter revenue that missed
Speaker 1: the average analyst estimate. Came in at twenty point three
Speaker 1: billion dollars. The average estimate was twenty one point three
Speaker 1: so billion dollar miss there on overall revenue in the
Speaker 1: fourth quarter, and right now GE shares are tumbling on
Speaker 1: the earnings right now, down seven and a half percent
Speaker 1: in the pre market. As for the broader market, we
Speaker 1: see futures continuing to fall, with S ANDP futures right
Speaker 1: now down forty two points down, futures down a hundred
Speaker 1: seventy NASTAC futures are lower by two hundred eight points,
Speaker 1: a drop of one point four percent there, and the
Speaker 1: tenure treasury is down five thirty seconds, the yield one
Speaker 1: point seven eight percent. We'll have much more on the
Speaker 1: g E earnings, plus the latest on the markets wild ride,
Speaker 1: and the latest on the standoff over Ukraine. Five things
Speaker 1: you need to know to start day coming up right
Speaker 1: here on Bloomberg Daybreak Bloomberg eleven three oh Weather mostly
Speaker 1: cloudy to start partial clearing later today with a high
Speaker 1: in your forty, low twenties. That's all we'll get tomorrow.
Speaker 1: By Thursday will be partly sunny, upper twenties. Currently thirty
Speaker 1: seven in Central Park bridcasting live from the Bloomberg Interactive
Speaker 1: Broker Studio in New York. Bloomberg E Living Freedom to Washington,
Speaker 1: d C. Bloomberg On to Boston, Bloomberg one O six
Speaker 1: one to San Francisco, Bloomberg Non sixty to the Country
Speaker 1: Sirius XM Chado one nine and around the globe, the
Speaker 1: Bloomberg Business Act and Bloomberg Radio dot com. This is
Speaker 1: Bloomberg Daybreak six thirty on Wall Street. Good morning, I'm
Speaker 1: Nathan Hagar and I'm pared Moscow. We're just about three
Speaker 1: hours away from the open of US trading. Time for
Speaker 1: the five things you need to notice start your day.
Speaker 1: Bront to you by Interactive Brokers. Trade crypto for less
Speaker 1: coin with commissions as twelve to eighteen basis points and
Speaker 1: no hidden spreads or markups. Learn more at i dk
Speaker 1: R dot com slash crypto. First, we're seeing more pressure
Speaker 1: on US stocks this morning after yesterday's wild turnaround On
Speaker 1: Wall Street. SNP futures are down forty four points or
Speaker 1: one percent, and we get the details on these moves
Speaker 1: live with the Bloomberg's John Tucker John Karen. The S
Speaker 1: and P five hundred felt about four percent yesterday before
Speaker 1: ending slightly higher. Volatility is climbing. The VIX just closed
Speaker 1: shy of thirty, compared to a lifetime average just shy
Speaker 1: of twenty, according to calculations by Bespoke Investment Group. Monday
Speaker 1: was the sixth time since the NASDAC are raised a
Speaker 1: four percent plus inter day decline to close higher on
Speaker 1: the day. Strategists tracked by Bloomberger are still bullish, with
Speaker 1: their year end average forecast for the SMP five hunded
Speaker 1: close to five thousand. Live in New York. I'm John Tucker,
Speaker 1: Bloomberg Daybreak. All right, John, thanks some big coins and
Speaker 1: focus as well after yesterday is wild swings and it's
Speaker 1: trading lower again. Today, Let's get the latest live from
Speaker 1: Bloomberg's Rnita Young, Granita Nathan. Yesterday headlines were all about
Speaker 1: the crypto crash, but bitcoin snapped a five days slide.
Speaker 1: Endalysts from Bloomberg's Markets Live blogs say don't read too
Speaker 1: much into today's modest decline. Though. While Bitcoin appears to
Speaker 1: be trading in correlation with stocks, turns in the digital
Speaker 1: asset came before those in stocks, both on the way
Speaker 1: down and back up, and right now Bitcoin is trading
Speaker 1: at thirty six thousand. Live in New York. I'm Rnita Young,
Speaker 1: Bloomberg Day Break, Reny to thank you. The slump and
Speaker 1: risk assets is being blamed on forecast for Fed policy
Speaker 1: and again more clues on that this week is the
Speaker 1: Fed kakes off at two day policy meeting today and
Speaker 1: Karen earnings are front and center as well. Microsoft reports
Speaker 1: results this afternoon on the heels of upbeat numbers from IBM.
Speaker 1: The shares are up almost two percent after the best
Speaker 1: sales growth in ten years. On the flip side, General
Speaker 1: Electric earnings out moments ago missed and GEES shares are
Speaker 1: down seven percent. And taking a turn to geo politics, now,
Speaker 1: it's all about rush in Ukraine. The Boding administration has
Speaker 1: put as many as eighty five hundred troops on alert
Speaker 1: for deployment in Eastern Europe. Former Obama campaign foreign policy
Speaker 1: advisor David to Fury says Vladimir Putin is a threat.
Speaker 1: Until the last six months, people didn't really recognize the
Speaker 1: threat that Putin posed to Ukraine and to our other
Speaker 1: allies in Eastern Europe. And I think people in both
Speaker 1: parties are waking up to that now. Former Obama campaign
Speaker 1: foreign policy advisor David ta Fury spoke with our Washington
Speaker 1: correspondent Joe Matthew on Bloomberg Sound On, and that's the
Speaker 1: five things you need to know to start your day,
Speaker 1: Brought to you by Interactive Brokers. This is Bloomberg pleeks
Speaker 1: staring sixe on Wall Street, thirty seven degrees in Central Park,
Speaker 1: and Michael Barr is here with more on what's going
Speaker 1: on in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. New York Mayor Eric Adams says the
Speaker 1: recent violence is reminiscent of the city's dark days in
Speaker 1: the nineteen seventies and eighties. New York is feel as
Speaker 1: if a sea of violence is engulfing our city. Adams
Speaker 1: has announced the city will step up efforts to seize
Speaker 1: illegal guns and institute a multi pronged plan to tackle
Speaker 1: the issue. Adams and his blueprint to end gun violence
Speaker 1: is bringing back playing closed units where the violence has
Speaker 1: been highest. These units were disbanded under the previous administration,
Speaker 1: but the mayor is bringing them back and promising that
Speaker 1: they will be monitored. Gun violence is a public health crisis.
Speaker 1: There's no time to wait, Mayor Adams. As A vigil
Speaker 1: was held last night in front of the thirty second
Speaker 1: Precinct for the two officers shot in Harlem last night
Speaker 1: a last Friday, one officer, Jason Rivera, died as partner
Speaker 1: Wilbert Mora is fighting for his life. The suspected gunman
Speaker 1: Lashawn McNeil night of his injuries yesterday in a Harlem hospital.
Speaker 1: A New York State Supreme Court judge ruled Governor Kathy
Speaker 1: Hokele's masked mandate is unconstitutional. The rule was sent to
Speaker 1: expire February one. Nassau County Executive Bruce Blakeman signed an
Speaker 1: necative order challenging the state mask mandate after taking office
Speaker 1: this month. It's a great victory for the people of
Speaker 1: the State of New York. It's a great victory for
Speaker 1: our school children, and it's a great victory for both
Speaker 1: the Constitution of the United States and the constitution of
Speaker 1: the State of New York. Nassau County Executive blake Men
Speaker 1: as the state Department of Educations as it will still
Speaker 1: require masks for students in schools while the decision is appealed.
Speaker 1: Three Baltimore firefighters were killed and the fourth remains in
Speaker 1: a critical condition after being trapped in a fire inside
Speaker 1: of acan home that collapsed. Baltimore Mayor Brandon Scott, this
Speaker 1: is a gut wrench in tragedy for our city, for
Speaker 1: our fire department, and most importantly for the families of
Speaker 1: our firefighters. Scott says the blaze is now one of
Speaker 1: the deadliest in the city's history. Former New York Assembly
Speaker 1: Speaker Sheldon Silver, one of the most powerful figures in
Speaker 1: state government for two decades before his conviction on corruption charges,
Speaker 1: has died in federal custody. So Vera had been serving
Speaker 1: his sentence at the Federal Medical Center in Massachusetts. The
Speaker 1: Manhattan Democrat who told the judge he prayed he would
Speaker 1: not die in prison, was serving a more than six
Speaker 1: years sentence. Sheldon Silver with seventy seven Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. I'm Michael Barr. This
Speaker 1: is Bloomberg. Nathan Okay, Michael, thank you. Almost six thirty
Speaker 1: six on Wall Street. John Stash here the Bloomberg Sports Update. Alright,
Speaker 1: Nathan nice. Comeback by the Knicks in Cleveland. They trailed
Speaker 1: by fifteen, and the fourth quarter rally to tie the game,
Speaker 1: but the Calves one ninety three damage done in the
Speaker 1: third when Kevin Love kept hitting three pointers. He scored
Speaker 1: twenty points with six threes. R J Parrett of the
Speaker 1: Knicks with twenty four. Another went for the Rangers at
Speaker 1: the guard. Another goal for Chris Cryder came with two
Speaker 1: seconds left of the first period. Crider nine goals in
Speaker 1: his last six games, leads the league with thirty. The
Speaker 1: Kings led to to one, the Rangers tied it with
Speaker 1: thick minutes left. They won three two and I shootout.
Speaker 1: There said six rounds. Adam Fops the game winner, nice
Speaker 1: rebound for St. John's. Two days after a home lost
Speaker 1: to Seaton Hall, the Red Storm beat the Pirates easily
Speaker 1: eighty four sixty three, Aaron Wheelers seventeen points, ten rebounds.
Speaker 1: Due to COVID, the game was played on campus in
Speaker 1: South Orange, where Seaton Hall had not played since nineteen nine.
Speaker 1: Raphael Nadal into the semifinals. The Australian openly won a
Speaker 1: five center with the Canadian Dennis Chapaval of Ash Party,
Speaker 1: trying to be the first Native Ausee to win the
Speaker 1: women's single since nineteen seventy seven, she has been dominant,
Speaker 1: took out American Jess Pacoola six to six. Love Madison
Speaker 1: Key has won her quarter final back Baseball players made
Speaker 1: a couple of concessions as the two sides meant to
Speaker 1: try to end the lockout. New Mets manager of Buck
Speaker 1: Show Walter wondering winner if there will be spring training,
Speaker 1: hoping for the best. I think the players are two
Speaker 1: and uh, I'm gonna get into handicap and the walkout.
Speaker 1: But you know, we're trying to prepare for all scenarios,
Speaker 1: no one scenarios no one that it's probably completely to
Speaker 1: be completely sum We're gonna try. We'll find out tonight
Speaker 1: who's going into the Baseball Hall of Fame. David Ortiz
Speaker 1: is expected to make it. Actually, we're Bloomberg Sports, all right, John,
Speaker 1: Thanks sixty seven on Wall Street. Time to take a
Speaker 1: look at stocks, some of the names moving in the
Speaker 1: pre market. Bloomberg Radio on TV. Markets correspondent Creedy Goopta
Speaker 1: joins us now starting off Credy with a big deal
Speaker 1: that's no longer a done deal in the chip sector. Yeah,
Speaker 1: let's just start off with Nvidio n v D as
Speaker 1: your taker. Down three point two percent in the pre market.
Speaker 1: This is coming afternows that they're quietly preparing to abandon
Speaker 1: their purchase of ARM from soft Bank after making little
Speaker 1: to no progress and winning approval for the forty billion
Speaker 1: dollar chip deal, as according to people familiar with the matter,
Speaker 1: scoop from our folks over in San Francisco. This is
Speaker 1: important because we know and Video has been dealing with
Speaker 1: a lot of regulatory scrutiny both in the US and
Speaker 1: the UK. So this is a deal that has struggled
Speaker 1: to take off and now looks like they are willing
Speaker 1: to call it quits. So once again, down three point
Speaker 1: two n v d A. Moving on though, too, an
Speaker 1: earning story once again, Nathan, We're getting into the thick
Speaker 1: of it, into the thick of earning season here. We're
Speaker 1: gonna kick it off with International Business Machines otherwise known
Speaker 1: as IBM, reporting a revenue last night that beating analysts
Speaker 1: estimates void by strong demand in the software unit, including
Speaker 1: IBMS hybrid cloud offering, signaling the company's efforts to transform
Speaker 1: the one hundred and ten year old tech giant. Well
Speaker 1: they're working out. Those shares are up one point nine
Speaker 1: percent in the pre market, Nathan, And as you know,
Speaker 1: we've got a lot of earnings just this morning to
Speaker 1: get to him. Yeah, this morning, General Electric missing Wall
Speaker 1: Street sales estimates a ges R ticker down six point
Speaker 1: two percent, This comes after their grappling with supply chain
Speaker 1: pressures the effects of the O macron variant. This is
Speaker 1: not a good look for the CEO, Larry Colepy is
Speaker 1: planning to break up the conglomerates starting next year, and
Speaker 1: it looks like it's not coming from a position of strength.
Speaker 1: So certainly a company to watch. In a similar vein
Speaker 1: J and J, which is also the ticker and the
Speaker 1: company name, down one and a half percent in the
Speaker 1: pre market. They also reported earnings this time though the
Speaker 1: guy it's beat the average analysts estimate. But why is
Speaker 1: this dock down? It's because they're saying a good chunk
Speaker 1: of their sales growth came from their vaccine sales. Now
Speaker 1: we know this is a problem that we've seen with Maderna,
Speaker 1: that we've seen with Fiser that because all of their
Speaker 1: growth is coming from vaccines. As more and more people
Speaker 1: get vaccinated, the question is where is that next leg
Speaker 1: of growth going to come from. So J and J
Speaker 1: once again down one and a half percent. I'll wrap
Speaker 1: it up here, Nathan with Microsoft, because they're the big
Speaker 1: company to watch after the bell m s FT is
Speaker 1: your ticker down one point one percent in the pre market.
Speaker 1: Plane to report second quarter earnings. That's their fiscal second
Speaker 1: quarter after the Bell, expected by analysts to be the
Speaker 1: first three month period in which sales top fifty billion dollars. Nathan,
Speaker 1: we'll see that very busy earning season continues. Bloomberg Radio
Speaker 1: and TV Markets correspondent Creedy Gupta. As always, thank you
Speaker 1: for the pre market check up as we look at
Speaker 1: markets as a whole ahead of this Tuesday morning open.
Speaker 1: More pain perhaps future is now down fifty points down,
Speaker 1: futures down two two. Nasdaq futures are lower by two
Speaker 1: hundred forty eight points, a drop of one point seven percent.
Speaker 1: The tenure down three thirty seconds, the yield one point
Speaker 1: seven eight percent. Latest on tensions with Ukraine and more
Speaker 1: from the nation's capital. Next with Bloomberg Government reporter Emily Wilkins.
Speaker 1: This is Bloomberg Bloomberg eleven three oh Weather partial clearing
Speaker 1: late today with a high near forty, sunny, breezy cold
Speaker 1: Tomorrow has only the low twenties will make get up
Speaker 1: to thirty on Thursday. Right now thirty seven in Central
Speaker 1: Park 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 quicktape truce. He's a Bloomberg Business Flash. He
Speaker 1: good morning. I'm Karen, Moscow future is falling this morning.
Speaker 1: Let's go to the first word breaking news dance for
Speaker 1: today's morning call. Here's Bill Mall only bull good morning
Speaker 1: and good morning Karen. That's right. US features are in
Speaker 1: the red right now, with Doubt futures down two three
Speaker 1: point s simes drop fifty seven old, Nazdek futures are
Speaker 1: off by two seventy four, the US ten year old
Speaker 1: at one point seven nine percent, Gold is down five,
Speaker 1: oil is little change, and bitcoin is down by one
Speaker 1: point five percent. Shanghai dropped two point six percent overnight.
Speaker 1: Well UPM markets are in the green, led by one
Speaker 1: percent gains in France and Spain. Back in the US
Speaker 1: on the Economic find a ten o'clock consumer confidence and
Speaker 1: Richmond fed after the bellas night, IBM had its biggest
Speaker 1: sales jump in at least ten years. And regarding some
Speaker 1: of the earnings this morning, at G revenue missed estimates,
Speaker 1: J and J two JUSTUS EPs forecasts beat estimates, and
Speaker 1: three m EPs also beat estimates. In deal News and
Speaker 1: video is said to be planning to abandon its takeover
Speaker 1: of arm holdings and wrapping things up. Snowflake was raised
Speaker 1: by over at Loop Capital Marathon, Petroleum cuts to neutral,
Speaker 1: over a Piper and Viacom CBS race to sector weight wreck,
Speaker 1: Keybank live from the first reconduced descom boom maloney care great, Phil,
Speaker 1: thank you, and to hear live breaking news of your
Speaker 1: Bloomberg had Squawk on your terminal squ a wuk and
Speaker 1: also crossing the Bloomberg with Fiser saying it started a
Speaker 1: study of a COVID nineteen vaccine that targets the omicron variant.
Speaker 1: That's the Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. The US is putting as many
Speaker 1: as eight troops on heightened alert for deployment to bolstered
Speaker 1: NATO forces in Eastern Europe if needed, as Russian troops
Speaker 1: mass on Ukraine's borders. Russia has denied and intends to invade.
Speaker 1: In the NBA, the next lost in the NHL, the
Speaker 1: Rangers won, the Bruins and Capitals lost. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg quickdake
Speaker 1: powered by more than twenty seven under journalist and analysts
Speaker 1: are more than a hundred twenty countries. I'm Michael Barr.
Speaker 1: This is Bloomberg. The following commentary is from Bloomberg Opinion. Sorry,
Speaker 1: stock traders, the FED won't have your back. I'm Brian Chapata,
Speaker 1: A Calums for Bloomberg Opinion. Bad news pandemic era investors,
Speaker 1: The Fed won't have you back as it once did.
Speaker 1: Over the past twenty two months, the playbook has remained
Speaker 1: constant by any dips in large US equity market indexes
Speaker 1: and profit. But that hasn't worked in the first three weeks,
Speaker 1: with the SMP five hundred and NASDAQ one hundred each
Speaker 1: following by more than ten percent at one point. That's
Speaker 1: one clear hint the stock market is coming to terms
Speaker 1: with the reality that the FED put is disappearing in
Speaker 1: the rear view mirror. Even after this latest swoon, It's
Speaker 1: highly doubtful the policy makers will be knocked off course
Speaker 1: at their meeting this week. There are four main reasons
Speaker 1: for this. The Biden administration is okay to tightening. Extreme
Speaker 1: hawkish calls from market watchers make the FED stated course
Speaker 1: more palatable. The FED has been worried about market froth
Speaker 1: for a while now, and credit markets are still calm,
Speaker 1: so expect the Fed to use its decision this week
Speaker 1: to signal that it will raise the Fed funds rate
Speaker 1: from year zero in March and probably begin balance sheet
Speaker 1: run off around mid year, dialing back accommodation in the
Speaker 1: face that persistently elevated inflation. I'm Brian Schappata. For more opinion,
Speaker 1: please go to Bloomberg dot com, slash Opinion or opi
Speaker 1: and go on the Bloomberg terminal. These has been Bloomberg
Speaker 1: Opinion and Boomer Opinion commentaries can be heard every weekday
Speaker 1: at this time, and terminal customers can read more at
Speaker 1: O P I N GO. It is six fifty on
Speaker 1: Wall Street. Let's turned to news and science and technology now.
Speaker 1: But the Bloomberg n j I T STEM report brought
Speaker 1: to U buy New Jersey Institute of Technology, ranking top
Speaker 1: fifty national public university by US News and World Report
Speaker 1: and at top ten for best career placement among public
Speaker 1: schools by the Princeton Review. More at n j I
Speaker 1: T dot E DU Now here's this making news and science, technology, engineering,
Speaker 1: and math. New research suggests giving extra cash to low
Speaker 1: income mothers can change their infants brain development. Researchers say
Speaker 1: brain measurements at age one showed faster activity and key
Speaker 1: brain regions in infants whose low income families received three
Speaker 1: hundred dollars plus monthly for a year, compared with those
Speaker 1: who got twenty dollars each month. The researchers are investigating
Speaker 1: whether the payments led to better nutrition, less parent stress,
Speaker 1: or other benefits to the infants. Fund managers without a
Speaker 1: c FAY qualification may perform better over the long term
Speaker 1: than those who have taken the exams, as according to
Speaker 1: a new study that looked at the careers and more
Speaker 1: than six thousand managers and found persistent performance was more
Speaker 1: likely and those without the charter and who studied technical degrees.
Speaker 1: The c f A says other studies have opposite conclusions.
Speaker 1: And the world's biggest, most powerful space telescope has arrived
Speaker 1: at its observation post one million miles from Earth, a
Speaker 1: month after it lifted off on a quest to behold
Speaker 1: the dawn of the universe. The James Webb Space Telescope
Speaker 1: fired its rocket thrusters for nearly five minutes to go
Speaker 1: into orbit around the Sun at its designated location and
Speaker 1: as the Bloomberg n j I T STEM Report. Nathan
Speaker 1: all right, Karen, thank you. We are live from the
Speaker 1: Bloomberg Interactive Broker Studios where it's just about six fifty
Speaker 1: two on Wall Street time now to check what's going
Speaker 1: on in d C. You are. Some of the top
Speaker 1: stories include US troops put on alert to boost NATO
Speaker 1: near Ukraine, President Biden targeting consolidation as he tries to
Speaker 1: tackle inflation, and the president caught in a hot mic
Speaker 1: moment with the reporter's question about the politics of price pressures.
Speaker 1: Let's bring in Bloomberg Government reporter Emily Wilkins. Very busy
Speaker 1: times in the nation's capital, starting off with this latest
Speaker 1: news about troops now on standby from the Biden administration.
Speaker 1: What's the latest on the Ukraine tensions? Emily, Yeah, the
Speaker 1: US is putting as many eight thousands, as many as
Speaker 1: eight thousand, five hundred troops on high alert UH to
Speaker 1: go to eastern Europe. The US is saying that this
Speaker 1: is not a deployment, that they're not being sent to Ukraine.
Speaker 1: They're saying this is a proportional response to what Russia
Speaker 1: already has at the border. But Nathan, let's be clear,
Speaker 1: this is certainly more than the Biden administration was doing previously,
Speaker 1: signally a more aggressive stance, and really in line with
Speaker 1: what President Biden said that you know, he does expect
Speaker 1: an attack from Russia. Really at any point. That said,
Speaker 1: there's still diplomatic options open, uh, and that are being
Speaker 1: explored as far as what the US can do in
Speaker 1: terms of sanctions, in terms of diplomacy negotiations, remember of
Speaker 1: the US and need or is supposed to have this
Speaker 1: written response to Russia's list of demands. Um. But at
Speaker 1: this point, I just really think it speaks to how
Speaker 1: high tensions are right now and how much of a
Speaker 1: focus the White House is putting on Ukraine and Russia.
Speaker 1: And we've heard from the Kremlin this morning morning that
Speaker 1: this US decision to put all these troops on alert
Speaker 1: is exacerbating tensions. Where does this leave room for diplomacy
Speaker 1: at this point? What are you hearing on Capitol Hill?
Speaker 1: So lawmakers on Capitol Hill, they're actually all back home
Speaker 1: right now, but there's still discussions, bipartisan discussions going on
Speaker 1: about what if any sanctions the US can put on
Speaker 1: Russia at this stage. Looking of course at financial sanctions
Speaker 1: potentially cutting them off from the Swift banking program, as
Speaker 1: well as sanctions that would make it harder for them
Speaker 1: to get tips, harder for them to get US dollars,
Speaker 1: potentially things in terms of energy um and so those
Speaker 1: are all things that are being discussed right now, but
Speaker 1: we're not expecting any movement from Congress until they get
Speaker 1: back next week. So at this point, I think most
Speaker 1: eyes are on the White House as far as how
Speaker 1: they are going to be moving, as well as the
Speaker 1: European allies. We know that French President has planning on
Speaker 1: having a conversation with Putin later this week. Biden talked
Speaker 1: with European leaders yesterday, So certainly lots of discussion going
Speaker 1: around UH with the US and its allies. And even
Speaker 1: with all this simmering Emily, we know the President is
Speaker 1: keeping his eye on domestic concerns as well, most specifically,
Speaker 1: most prominently inflation. Yeah, so President Biden did talk yesterday
Speaker 1: a little bit about inflation. The route that the White
Speaker 1: House is really taking right now is to say that
Speaker 1: they want to cut down on major conglomerates of companies
Speaker 1: and make the market more competitive, saying that that is
Speaker 1: going to help reduce prices, both in the short term
Speaker 1: as well as in the long term. And of course, Nathan,
Speaker 1: the White House has floated a lot of theories about
Speaker 1: wine fla is at its height, um, but it's maintained
Speaker 1: at this point. It's still been an issue for the
Speaker 1: White House, and it's clearly something that President Biden is
Speaker 1: getting frustrated over. We saw him give a I don't
Speaker 1: know if I can repeat the response for beatim on air,
Speaker 1: but a tense response to a reporter that he then
Speaker 1: had to apologize for after the reporter asked him about
Speaker 1: inflation and the mid terms. Yeah, I guess that that moment,
Speaker 1: that hot mic moment that I think has has gone
Speaker 1: pretty viral at this point. What does it say about
Speaker 1: the frustrations that the president is feeling, not just potentially
Speaker 1: about the price pressures right now, but about his own
Speaker 1: political standing. I mean, President President Biden's approval ratings are
Speaker 1: really at the lowest from his entire presidency. We've seen
Speaker 1: them consistently go down since August and his botched withdrawal
Speaker 1: from Afghanistan that was followed by his signature social policy
Speaker 1: and tax plan getting installed in the Senate Voting Rights
Speaker 1: his party pushed on that and wasn't able to make
Speaker 1: any progress in place, and is high oh Macron is
Speaker 1: is dropping a little bit, but it's still very much
Speaker 1: a problem. Uh. And so to a lot of extent,
Speaker 1: the things that President Biden really set out to accomplish
Speaker 1: in his first year, many of them remain to be done.
Speaker 1: And time is really running out before the mid terms
Speaker 1: where there is a very real chance that Republicans will
Speaker 1: take the House, and and really deprived the Biden administration
Speaker 1: of being able to move any sort of policy in
Speaker 1: the last two years. Volatility on the geopolitical front along
Speaker 1: with the markets. This morning, Bloomberg Government reporter Emily Wilkins,
Speaker 1: as always, thanks for the update from DC. Read more
Speaker 1: about all these stories on Bloomberg dot com or on
Speaker 1: the Bloomberg terminal, and as a reminder, you can follow
Speaker 1: all the latest on Bloomberg Radio in Washington as well
Speaker 1: at Bloomberg and one oh five point seven FM HD two.
Speaker 1: Just to reiterate some of the breaking news this morning,
Speaker 1: Feiser says it has begun a study of a COVID
Speaker 1: vaccine that targets OH Macron, exploring its use in previously
Speaker 1: vaccinated younger and middle aged adults, as well as those
Speaker 1: who haven't received another coronavirus shot. Shares a Fiser right
Speaker 1: now down about one point one percent in the pre market.
Speaker 1: We're also watching shares of G as well. UH. They
Speaker 1: are moving quite a bit lower this morning, as their
Speaker 1: overall fourth quarter revenue came in well shy of analyst estimates.
Speaker 1: We'll be watching those shares throughout the morning here on
Speaker 1: Bloomberg Radio and on Bloomberg Television, as well as as
Speaker 1: far as the border market goes. SMP futures are down
Speaker 1: fifty four points, Style futures down two and at thirty four.
Speaker 1: Nasdaq futures are lower by two hundred fifty one points.
Speaker 1: The Tangure Treasury is down to thirty seconds, the yield
Speaker 1: now one point seven seven percent. Bloomberg Surveillance up next
Speaker 1: with Tom Keene, Jonathan Farrow, and Lisa Abramo. It's for
Speaker 1: Karen Moscow. I'm Nathan Hagar. This is Bloomberg