1 00:00:03,000 --> 00:00:06,279 Speaker 1: Give from the Bloomberg Interactive Brooker Studios. This is Bloomberg 2 00:00:06,360 --> 00:00:10,320 Speaker 1: Daybreak for a Friday, February two. Coming up the shower, 3 00:00:10,680 --> 00:00:14,240 Speaker 1: Ukraine fights back and the West ramps up sanctions on Russia. 4 00:00:14,480 --> 00:00:17,040 Speaker 1: US futures are lower following a wild come back on 5 00:00:17,079 --> 00:00:19,960 Speaker 1: Wall Street. The Fed moves ahead with rate hikes despite 6 00:00:20,000 --> 00:00:22,880 Speaker 1: the situation in Ukraine, and President Biden decides on his 7 00:00:23,000 --> 00:00:26,840 Speaker 1: nominee for the Supreme Court. Protesters in the Tri State area, 8 00:00:26,840 --> 00:00:29,920 Speaker 1: ever react to Russia's invasion into Ukraine, plus the Biden 9 00:00:29,920 --> 00:00:33,440 Speaker 1: administration will lose some federal mask wearing guidelines today, I 10 00:00:33,440 --> 00:00:37,360 Speaker 1: am Michael barn Or Ahead. I'm Scott Sledenberg. Let's filled 11 00:00:37,400 --> 00:00:40,559 Speaker 1: to the Celtics, the Rangers, gold Owlder's Ros. I'll have 12 00:00:40,640 --> 00:00:45,440 Speaker 1: that more coming up in sports. That's all straight ahead 13 00:00:45,520 --> 00:00:49,240 Speaker 1: on Bloomberg day Break on Bloomberg Elimen FREEO New York, 14 00:00:49,400 --> 00:00:54,120 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston, 15 00:00:54,280 --> 00:00:58,800 Speaker 1: Bloomberg nine sixty, San Francisco, Sirius x M one nineteen 16 00:00:59,160 --> 00:01:01,880 Speaker 1: and around the world. Old on Bloomberg Radio dot Com 17 00:01:02,000 --> 00:01:08,640 Speaker 1: and via The Bloomberg Business. Good Morning, I'm Nathan Hagar, 18 00:01:08,959 --> 00:01:11,440 Speaker 1: and I'm Karen. Moscow and US futures are ending the 19 00:01:11,440 --> 00:01:13,280 Speaker 1: week lower. We're coming up to six oh one on 20 00:01:13,400 --> 00:01:15,480 Speaker 1: Wall Street, and we checked the markets every fifteen minutes 21 00:01:15,520 --> 00:01:17,960 Speaker 1: throughout the trading day on Bloomberg. Right now, westn P 22 00:01:18,200 --> 00:01:21,160 Speaker 1: futures down about thirty points down, futures down two D 23 00:01:21,319 --> 00:01:24,800 Speaker 1: thirty seven, and NASDACK futures down seventy five. The decks 24 00:01:24,800 --> 00:01:27,840 Speaker 1: in Germany is up one point four percent. Ten year 25 00:01:27,920 --> 00:01:30,280 Speaker 1: treasury up to thirty seconds. He at one point nine 26 00:01:30,319 --> 00:01:32,759 Speaker 1: five percent, and they yield on the two year one 27 00:01:32,760 --> 00:01:35,720 Speaker 1: point five eight percent. Nine X screwde oil is little 28 00:01:35,800 --> 00:01:39,039 Speaker 1: change at ninety two eight cents of barrel. Nathan Well, Karen, 29 00:01:39,080 --> 00:01:41,400 Speaker 1: we begin with the latest developments out of Eastern Europe. 30 00:01:41,400 --> 00:01:44,639 Speaker 1: Of Ukraine is fighting back as Russia continues to pound 31 00:01:44,640 --> 00:01:47,680 Speaker 1: the capital of Kiev with rockets strikes. This as the 32 00:01:47,800 --> 00:01:50,880 Speaker 1: US and NATO allies and post stiff sanctions on Russia. 33 00:01:51,160 --> 00:01:55,000 Speaker 1: Amy Morris has the latest from our Bloomberg newsroom in Washington. 34 00:01:55,400 --> 00:01:58,400 Speaker 1: Secretary of State Anthony B. Lincoln told ABC News as 35 00:01:58,480 --> 00:02:02,320 Speaker 1: Russian troops are marching roue Ukraine, Vladimir Putin may have 36 00:02:02,480 --> 00:02:04,880 Speaker 1: his eyes on an even bigger prize. Is it a 37 00:02:04,960 --> 00:02:07,680 Speaker 1: possible that Putin goes beyond Ukraine? Sure, it's a possibility, 38 00:02:07,680 --> 00:02:09,960 Speaker 1: but there's something very powerful standing in the way of that. 39 00:02:09,960 --> 00:02:12,480 Speaker 1: That's something we call Article five of VATO that means 40 00:02:12,520 --> 00:02:14,840 Speaker 1: an attack on one member of NATO is an attack 41 00:02:14,840 --> 00:02:17,720 Speaker 1: on all members of NATO. And while Western allies believe 42 00:02:17,840 --> 00:02:21,320 Speaker 1: Kiev is likely to fall to Russian forces soon, the 43 00:02:21,360 --> 00:02:24,960 Speaker 1: Biden administration says the US is preparing to accept Ukrainians 44 00:02:24,960 --> 00:02:28,440 Speaker 1: who are fleeing that country, while American's partners in Europe 45 00:02:28,440 --> 00:02:32,239 Speaker 1: and Japan have announced new economic penalties in Washington, I'm 46 00:02:32,240 --> 00:02:34,760 Speaker 1: Aymy Morris Bloomberg Daybreak, right, Amy, thank you a while 47 00:02:34,840 --> 00:02:37,840 Speaker 1: Ukraine's President vladimir's Lenski is speaking out. He took to 48 00:02:37,880 --> 00:02:43,880 Speaker 1: the airwaves this morning to say sanctions are not deterring Russia. 49 00:02:44,280 --> 00:02:46,919 Speaker 1: This morning, we are defending our state by ourselves, as 50 00:02:47,000 --> 00:02:49,960 Speaker 1: we did yesterday. The most powerful forces in the world 51 00:02:49,960 --> 00:02:53,800 Speaker 1: are watching from a distance. Have yesterday's sanctions convinced Russia. 52 00:02:54,200 --> 00:02:56,120 Speaker 1: We are hearing in our sky and seeing on our 53 00:02:56,200 --> 00:02:59,959 Speaker 1: land that this is not enough. Ukraine's president Zelenski says 54 00:03:00,040 --> 00:03:03,240 Speaker 1: Moscow is attacking both military and civilian targets. He says 55 00:03:03,320 --> 00:03:05,959 Speaker 1: Russia will have to talk to him to end the invasion. 56 00:03:06,240 --> 00:03:09,360 Speaker 1: The Treasury Department Karent says sanctions on Russia's target almost 57 00:03:09,360 --> 00:03:12,440 Speaker 1: eighty percent of the country's banking assets, but President Biden 58 00:03:12,520 --> 00:03:15,799 Speaker 1: is holding off on sanctioning Russia's energy sector or kicking 59 00:03:15,800 --> 00:03:18,919 Speaker 1: it out of the Swift banking system. Democratic Congressman John 60 00:03:18,919 --> 00:03:21,959 Speaker 1: Garamendi says, our European allies aren't willing to go that 61 00:03:22,000 --> 00:03:24,320 Speaker 1: far yet, but if we're gonna throw the whole kitchen sake, 62 00:03:24,400 --> 00:03:27,160 Speaker 1: we have to have the entire keep ready to go. 63 00:03:27,280 --> 00:03:29,880 Speaker 1: Do You're going to go fast, go alone, you're going 64 00:03:29,960 --> 00:03:32,959 Speaker 1: to go far, you gotta go with the team. Congressman 65 00:03:33,040 --> 00:03:36,120 Speaker 1: John Garmendi spoke with our Washington corresponded Joe Matthew on 66 00:03:36,120 --> 00:03:39,560 Speaker 1: Bloomberg Sound on Catch the Program weekdays at five p m. E. 67 00:03:39,600 --> 00:03:43,360 Speaker 1: Stern on Bloomberg Radio. Nathan Stocks entered today's session after 68 00:03:43,400 --> 00:03:46,160 Speaker 1: a wild ride yesterday. At one point, the NASTAC launched 69 00:03:46,200 --> 00:03:48,200 Speaker 1: three and a half percent, only to finish the day 70 00:03:48,240 --> 00:03:50,640 Speaker 1: up three point three percent. The S and P five 71 00:03:51,040 --> 00:03:53,400 Speaker 1: added one and a half percent. Gina Martin Adams, his 72 00:03:53,440 --> 00:03:57,400 Speaker 1: chief equity strategist for Bloomberg Intelligence. I'm a bit concerned 73 00:03:57,440 --> 00:04:01,200 Speaker 1: that the reason for the turnaround was two fold. One, 74 00:04:01,600 --> 00:04:03,600 Speaker 1: we got some wort on sanctions, and I think that 75 00:04:03,640 --> 00:04:05,880 Speaker 1: the whispers around sanctions would be that they might be 76 00:04:05,960 --> 00:04:09,600 Speaker 1: even worse than the sanctions that actually were put in 77 00:04:09,680 --> 00:04:12,760 Speaker 1: place by the President. And the result of that was 78 00:04:13,360 --> 00:04:16,920 Speaker 1: a little bit of reprieve in oil prices that may 79 00:04:17,000 --> 00:04:19,320 Speaker 1: or may not hold. What I'm more worried about is 80 00:04:19,720 --> 00:04:21,720 Speaker 1: I think that the whispers started to go around that, oh, 81 00:04:21,720 --> 00:04:25,480 Speaker 1: maybe the FED won't titan as much as we were anticipating. 82 00:04:25,720 --> 00:04:29,560 Speaker 1: Bloomberg Intelligence chief equity Strategistina Martin Adams says, for many 83 00:04:29,640 --> 00:04:32,800 Speaker 1: A market participants, it's still all about the FED. But 84 00:04:33,080 --> 00:04:36,080 Speaker 1: Fed officials are sticking to plans to raise interest rates 85 00:04:36,120 --> 00:04:39,159 Speaker 1: next month. Karen. That's despite uncertainty tied to the invasion 86 00:04:39,160 --> 00:04:42,440 Speaker 1: of Ukraine. FED Governor Christopher Waller says a fifty basis 87 00:04:42,480 --> 00:04:46,360 Speaker 1: point hike is still possible if Johnson inflation data stay hot. 88 00:04:46,600 --> 00:04:49,279 Speaker 1: Mike preference is to increase the target range for the 89 00:04:49,279 --> 00:04:53,200 Speaker 1: Federal fronts rate basis points by the middle of this year. 90 00:04:53,440 --> 00:04:56,720 Speaker 1: That is, I expect inflation during a elevated and only 91 00:04:56,720 --> 00:05:00,920 Speaker 1: show modest signs of deceleration over the next couple. Governor 92 00:05:01,000 --> 00:05:03,599 Speaker 1: Chris Waller says he also favors drinking the Fed's balance 93 00:05:03,640 --> 00:05:06,600 Speaker 1: sheet no later than the Central Banks meeting in July. Well, 94 00:05:06,680 --> 00:05:10,040 Speaker 1: yesterday's rally and US stocks is spilling over into Europe 95 00:05:10,040 --> 00:05:12,040 Speaker 1: This morning, Nathan and We get the latest live with 96 00:05:12,120 --> 00:05:15,520 Speaker 1: the Bloomberg's Max Ramsey in our London bureau. Good morning, Max, 97 00:05:15,880 --> 00:05:18,520 Speaker 1: Good morning Karen and Nathan. Yes, we are pushing higher 98 00:05:18,600 --> 00:05:21,360 Speaker 1: during the European sessions so far this morning. There's still 99 00:05:21,400 --> 00:05:24,680 Speaker 1: a fairway off clawing back those steep losses we got yesterday. 100 00:05:24,880 --> 00:05:27,400 Speaker 1: The stock six hundred up one point eight percent right now. 101 00:05:27,440 --> 00:05:30,240 Speaker 1: The loss yesterday was three point three percent. The foot 102 00:05:30,240 --> 00:05:33,839 Speaker 1: See one rises two percent, the decks under performing slightly 103 00:05:33,920 --> 00:05:36,640 Speaker 1: up one point two percent. Though. We see this rally 104 00:05:36,680 --> 00:05:39,240 Speaker 1: in Russian assets as well. We are off the highs 105 00:05:39,279 --> 00:05:42,159 Speaker 1: of the session, but the benchmark mo X stock index 106 00:05:42,279 --> 00:05:45,119 Speaker 1: rising at twelve point two percent right now. It closed 107 00:05:45,160 --> 00:05:48,400 Speaker 1: down thirty three percent lower yesterday. We also see gains 108 00:05:48,440 --> 00:05:50,520 Speaker 1: for the ruble up one and a half percent against 109 00:05:50,520 --> 00:05:53,200 Speaker 1: the dollar eighty four to the dollar. Live in London, 110 00:05:53,240 --> 00:05:56,200 Speaker 1: Max Ramsey Bloomberg daybreak All right, Max Thanks. Stocks also 111 00:05:56,240 --> 00:05:59,040 Speaker 1: gained an Asia overnight. Let's get the recap from Bloomberg's 112 00:05:59,080 --> 00:06:02,159 Speaker 1: Juliet Sally in Singapore, Good morning, Juliet, Good morning, Nathan 113 00:06:02,160 --> 00:06:04,840 Speaker 1: and Karen. The MSCI Asia Pacific Index advanced the most 114 00:06:04,839 --> 00:06:07,560 Speaker 1: in over a week after falling to November twenty twenty 115 00:06:07,600 --> 00:06:10,920 Speaker 1: lows during Thursday's trade. Sentiment was aided by the tech 116 00:06:11,000 --> 00:06:14,479 Speaker 1: sector as well as China or a central bank boosted liquidity. 117 00:06:14,880 --> 00:06:18,480 Speaker 1: The PBOC injected two ninety billion on around forty six 118 00:06:18,520 --> 00:06:21,880 Speaker 1: billion dollars via its seven day reverse repot agreement, the 119 00:06:21,960 --> 00:06:25,240 Speaker 1: most since September twenty. Adding to the more risk gone 120 00:06:25,279 --> 00:06:28,120 Speaker 1: tone was to move away from havens as Australian and 121 00:06:28,120 --> 00:06:30,479 Speaker 1: New Zealand bond slid. Over the course of the week, 122 00:06:30,520 --> 00:06:33,560 Speaker 1: the MSCI Asia Pacific Index fell by almost four percent, 123 00:06:33,720 --> 00:06:37,600 Speaker 1: its worst weekly performance in a month. In Singapore, Juliet 124 00:06:37,640 --> 00:06:40,800 Speaker 1: Sally Bloomberg Daybreak, Right, Juliette, thank you. One other item 125 00:06:40,880 --> 00:06:43,600 Speaker 1: kind of out of Asia this morning. China setable strength 126 00:06:43,600 --> 00:06:46,920 Speaker 1: and macro economic policies to stabilize the economy this year. 127 00:06:46,960 --> 00:06:50,240 Speaker 1: After a meeting chaired by President Hijan Ping reports say 128 00:06:50,279 --> 00:06:53,760 Speaker 1: the Communist Party's poleb Buro called for a stronger prevention 129 00:06:53,800 --> 00:06:57,080 Speaker 1: of financial rest to maintain financial stability. And back in 130 00:06:57,120 --> 00:07:00,080 Speaker 1: Washington this morning, Karen Bloomberg Noose has learned there is 131 00:07:00,080 --> 00:07:02,719 Speaker 1: it in Biden has decided on a nominee for a 132 00:07:02,760 --> 00:07:04,839 Speaker 1: seat on the Supreme Court, and there's no word on 133 00:07:04,880 --> 00:07:07,279 Speaker 1: who this person is or when the selection will be announced. 134 00:07:07,640 --> 00:07:09,880 Speaker 1: The President has already said he would select a black 135 00:07:09,880 --> 00:07:13,880 Speaker 1: woman that would fulfill a promise he made during the campaign. 136 00:07:14,200 --> 00:07:16,640 Speaker 1: Straight ahead, your latest local headlines, and we'll get a 137 00:07:16,680 --> 00:07:23,640 Speaker 1: check of sports as well. This is Bloomberg. It sounds 138 00:07:23,640 --> 00:07:26,160 Speaker 1: six o seven on Wall Street, cloudy, thirty two degrees 139 00:07:26,280 --> 00:07:28,800 Speaker 1: in Central Park, dealing with a number of accidents with 140 00:07:29,280 --> 00:07:32,800 Speaker 1: wintree mess and slick roads this morning. We'll get the 141 00:07:32,800 --> 00:07:36,000 Speaker 1: details from Janelle Crispin in Traffic shortly, but first we 142 00:07:36,120 --> 00:07:38,320 Speaker 1: bring in Michael Barr to find out what's going on 143 00:07:38,360 --> 00:07:42,200 Speaker 1: in New York and around the world. It's a slippery morning, Michael, 144 00:07:42,320 --> 00:07:44,720 Speaker 1: Oh my goodness, Nathan, yes, it is. It's a both 145 00:07:44,760 --> 00:07:47,520 Speaker 1: hands on the steering wheel day for the morning commute. 146 00:07:47,520 --> 00:07:51,120 Speaker 1: Bloomberg Meteorologist Rob Caroline has more on the latest round 147 00:07:51,160 --> 00:07:53,559 Speaker 1: of winter weather. Michael will be dealing with the messy 148 00:07:53,640 --> 00:07:56,400 Speaker 1: mix early on this morning, but that should transition over 149 00:07:56,440 --> 00:07:59,000 Speaker 1: to some plane rain as the morning goes on. National 150 00:07:59,080 --> 00:08:01,239 Speaker 1: Weather Service has the Rice State area under a winter 151 00:08:01,320 --> 00:08:04,160 Speaker 1: weather advisory through ten this morning. Sleep and freezing rain 152 00:08:04,200 --> 00:08:06,680 Speaker 1: will be changing to plan rain. It will and during 153 00:08:06,720 --> 00:08:09,120 Speaker 1: the afternoon temperatures and actually get up to forties, So 154 00:08:09,160 --> 00:08:11,560 Speaker 1: the slippery problems we have they should go away. They'll 155 00:08:11,640 --> 00:08:14,040 Speaker 1: linger some in the northern and western suburbs, but by 156 00:08:14,080 --> 00:08:16,240 Speaker 1: late today we break into some sunshine. So the ride 157 00:08:16,240 --> 00:08:19,240 Speaker 1: home better than the ride in this morning, Michael Rob, 158 00:08:19,320 --> 00:08:21,640 Speaker 1: thank you, sir. The Try State area is reacting to 159 00:08:21,760 --> 00:08:28,160 Speaker 1: Russia's invasion of Ukraine. In Times Square yesterday, Ukrainian and 160 00:08:28,200 --> 00:08:31,080 Speaker 1: Americans rallied in the streets. New York City is home 161 00:08:31,120 --> 00:08:34,440 Speaker 1: to more than a hundred fifty thousand Ukrainians. Mayor Eric 162 00:08:34,480 --> 00:08:38,280 Speaker 1: Adams road on Twitter, our city stands with them. Adams 163 00:08:38,320 --> 00:08:41,240 Speaker 1: went on to state the unprovoked and unjustified invasion of 164 00:08:41,240 --> 00:08:44,280 Speaker 1: their homeland is an assalled on freedom. New York Governor 165 00:08:44,360 --> 00:08:47,760 Speaker 1: Cathy ocal offerer support for the Ukrainian people. We have 166 00:08:47,880 --> 00:08:51,559 Speaker 1: the New York State one of the largest Ukrainian populations 167 00:08:51,679 --> 00:08:55,120 Speaker 1: outside the country, and we're proud of this. We're proud 168 00:08:55,160 --> 00:08:57,960 Speaker 1: of their diversity and what they bring to all of us. 169 00:08:58,040 --> 00:09:01,000 Speaker 1: But now they have failing members and are deeply concerned 170 00:09:01,040 --> 00:09:04,200 Speaker 1: about what's going on in their home countries. Governor HOCl 171 00:09:04,240 --> 00:09:06,760 Speaker 1: says the state is preparing for any cyber attacks that 172 00:09:06,840 --> 00:09:10,440 Speaker 1: intelligence authorities say as possible. A prayer vigil was held 173 00:09:10,440 --> 00:09:14,360 Speaker 1: in New Jersey for Ukrainian Americans in bound. Brook Transit 174 00:09:14,400 --> 00:09:17,480 Speaker 1: officials will install safety barriers in three New York City 175 00:09:17,480 --> 00:09:20,840 Speaker 1: subway stations in a pilot program aimed at preventing tragedies 176 00:09:20,920 --> 00:09:22,600 Speaker 1: like the death of a woman who was pushed in 177 00:09:22,600 --> 00:09:25,640 Speaker 1: front of a train last month. The Buying Administration today 178 00:09:25,679 --> 00:09:30,280 Speaker 1: plans to significantly loosen federal mask wearing guidelines to protect 179 00:09:30,320 --> 00:09:34,240 Speaker 1: against COVID nineteen transmission. According to people familiar with the matter, 180 00:09:34,440 --> 00:09:37,480 Speaker 1: that will mean most Americans will no longer be advised 181 00:09:37,480 --> 00:09:41,240 Speaker 1: to wear masks in indoor public settings. Former President Donald 182 00:09:41,280 --> 00:09:44,280 Speaker 1: Trump's claimed that Twitter was pressured by lawmakers to kick 183 00:09:44,360 --> 00:09:47,920 Speaker 1: him off the social media platform was met with skepticism 184 00:09:47,960 --> 00:09:50,880 Speaker 1: by a judge. U. S. District Judge James Donato says 185 00:09:50,920 --> 00:09:54,760 Speaker 1: statements by lawmakers don't seem coercive. Global News twenty four 186 00:09:54,800 --> 00:09:57,439 Speaker 1: hours a day on air and on Bloomberg Quick Take, 187 00:09:57,480 --> 00:10:00,000 Speaker 1: powered by more than twenty seven hundred journalist and analyst 188 00:10:00,360 --> 00:10:03,199 Speaker 1: more than countries and Michael Barr. This is Bloomberg, Nathin. 189 00:10:03,679 --> 00:10:10,280 Speaker 1: Thanks Michael. Count up to the six ten on Wall 190 00:10:10,320 --> 00:10:13,160 Speaker 1: Street time for the Bloomberg Sports not date with Scott Sidenburg, 191 00:10:13,559 --> 00:10:16,480 Speaker 1: Thanks Nathan. The Nets were routed by the Celtics once 192 00:10:16,520 --> 00:10:19,320 Speaker 1: twenty nine one oh six last night, Jason Tatum scoring 193 00:10:19,360 --> 00:10:22,000 Speaker 1: thirty for Boston, who jumped out to a thirteen point 194 00:10:22,080 --> 00:10:25,439 Speaker 1: lead after the first quarter, the game looking a lot 195 00:10:25,520 --> 00:10:27,400 Speaker 1: like the last time these two teams played, when the 196 00:10:27,440 --> 00:10:30,400 Speaker 1: Celtics jumped out to a t to lead back on 197 00:10:30,600 --> 00:10:33,800 Speaker 1: February eighth. The low bright spot for the Nets is 198 00:10:33,840 --> 00:10:37,720 Speaker 1: the potential for reinforcements coming soon, as Steve Nash saying 199 00:10:37,800 --> 00:10:40,680 Speaker 1: Kevin Durant and newly signed Gordon Draga could be ready 200 00:10:40,720 --> 00:10:44,560 Speaker 1: to play in the next three games, and it's still unknown, however, 201 00:10:44,600 --> 00:10:48,360 Speaker 1: when Ben Simmons will make his Nets debut. The Nets 202 00:10:48,360 --> 00:10:51,959 Speaker 1: will visit the Bucks tomorrow night. Tonight, the Knicks host 203 00:10:52,080 --> 00:10:55,160 Speaker 1: the Heat on the Ice the Rangers, beating Capital score one. 204 00:10:55,200 --> 00:10:57,840 Speaker 1: Alexi law Fernier and Micause De benne Jad each had 205 00:10:57,880 --> 00:11:01,200 Speaker 1: a goal and and assist. Igorsius Jerkin made thirty six 206 00:11:01,240 --> 00:11:04,640 Speaker 1: Sames first win of the season. The Blue Shirts have 207 00:11:04,760 --> 00:11:07,679 Speaker 1: won eight of their last eleven. They'll visit Pittsburgh tomorrow. 208 00:11:08,000 --> 00:11:10,760 Speaker 1: The Islanders felling to shootout for three in San Jose. 209 00:11:10,920 --> 00:11:14,160 Speaker 1: There at Lake tomorrow, and the Devil's upset the Penguins 210 00:11:14,240 --> 00:11:17,280 Speaker 1: six one, scoring three goals in the first seven minutes 211 00:11:17,360 --> 00:11:20,079 Speaker 1: of the game. It's just a third win in their 212 00:11:20,160 --> 00:11:24,000 Speaker 1: last twelve games. They're in Chicago tonight. Gal Kirk Kitty 213 00:11:24,120 --> 00:11:27,560 Speaker 1: Arma leads after one round of the Honda Classic. Scott 214 00:11:27,559 --> 00:11:31,400 Speaker 1: Sedinberg with Bloomberg Sports Nathan all Right, Scott, thank you. 215 00:11:31,480 --> 00:11:34,840 Speaker 1: Futures moving lower now with SMP futures down thirty seven 216 00:11:34,840 --> 00:11:37,840 Speaker 1: points down, futures off by two ninety two, and NASTACK 217 00:11:37,920 --> 00:11:40,800 Speaker 1: futures lower by a hundred fourteen points. We're still seeing 218 00:11:40,840 --> 00:11:43,720 Speaker 1: gains for European stocks. The decks in Germany up one 219 00:11:44,960 --> 00:11:47,040 Speaker 1: cat in Paris higher by one and a half percent. 220 00:11:47,400 --> 00:11:50,440 Speaker 1: Tenure Treasury is up three thirty seconds, the yield one 221 00:11:50,520 --> 00:11:54,959 Speaker 1: point nine five percent, just to had three possible scenarios 222 00:11:55,040 --> 00:11:58,000 Speaker 1: for the global recovery. With the war in Ukraine underway, 223 00:11:58,400 --> 00:12:03,520 Speaker 1: We'll speak with Bloomberg's European economist, Jamie Rush. This is 224 00:12:03,559 --> 00:12:10,280 Speaker 1: Bloomberg Bloomberg eleven three O Weather, the winter weather advisories 225 00:12:10,280 --> 00:12:12,240 Speaker 1: and effects till tend this morning. We'll have some sunny 226 00:12:12,240 --> 00:12:14,360 Speaker 1: breaks this afternoon with a high in your forty mid 227 00:12:14,400 --> 00:12:17,960 Speaker 1: thirties tomorrow low forties on Sunday right now thirty two 228 00:12:17,960 --> 00:12:24,600 Speaker 1: degrees in Central Park. Markets, headlines and breaking news twenty 229 00:12:24,679 --> 00:12:27,520 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 230 00:12:27,559 --> 00:12:31,120 Speaker 1: Business at and at Bloomberg Quicktake. This is a Bloomberg 231 00:12:31,200 --> 00:12:42,079 Speaker 1: Business flash and I'm Karen. Moscow and European stocks are climbing. 232 00:12:42,240 --> 00:12:46,600 Speaker 1: US stock index futures are lower. The UK crane conflict 233 00:12:46,640 --> 00:12:50,280 Speaker 1: and Western sanctions on Russia or muddying the outlook for 234 00:12:50,360 --> 00:12:53,040 Speaker 1: markets in the global economic recovery. We checked the markets 235 00:12:53,080 --> 00:12:56,080 Speaker 1: every fifteen minutes through the trading day on Bloomberg. Guess 236 00:12:56,080 --> 00:12:58,720 Speaker 1: and Future is down thirty nine points, down features down 237 00:12:58,760 --> 00:13:00,840 Speaker 1: two hundred ninety nine and as day features down one 238 00:13:00,920 --> 00:13:03,480 Speaker 1: hundred fifteen. The decks in Germany's up one and a 239 00:13:03,600 --> 00:13:06,400 Speaker 1: quarter percent. Ten year treasury up three thirty seconds. He 240 00:13:06,440 --> 00:13:08,400 Speaker 1: had one point nine five percent, the yield on the 241 00:13:08,400 --> 00:13:11,400 Speaker 1: two year one point five seven percent. Nin Max screwed 242 00:13:11,440 --> 00:13:13,520 Speaker 1: oils down four tenths per cent or thirty five cents 243 00:13:13,559 --> 00:13:15,959 Speaker 1: at ninety two dollars, forty five cents of barrel call 244 00:13:16,040 --> 00:13:18,200 Speaker 1: make school down eight tenths per cent or fourteen dollars 245 00:13:18,200 --> 00:13:21,400 Speaker 1: eighty cents at nineteen eleven fifty announced the euro one 246 00:13:21,440 --> 00:13:24,400 Speaker 1: point seven two against the dollar. British found one point 247 00:13:24,400 --> 00:13:26,640 Speaker 1: three three seven three, The yet is at one fifteen 248 00:13:26,679 --> 00:13:30,440 Speaker 1: point four three, and bitcoin is it'll change at thirty 249 00:13:30,440 --> 00:13:33,600 Speaker 1: eight thousand, four hundred dollars. That's a Bloomberg business flash. 250 00:13:33,600 --> 00:13:35,640 Speaker 1: Now here's Michael bar with more on what's going on 251 00:13:35,720 --> 00:13:39,640 Speaker 1: around the world. Michael Karen, thank you very much. Russia 252 00:13:39,920 --> 00:13:42,720 Speaker 1: is pressing its invasion of Ukraine to the outskirts of 253 00:13:42,760 --> 00:13:46,280 Speaker 1: the capital Kiev. That comes a day after it unleashed 254 00:13:46,280 --> 00:13:48,960 Speaker 1: air strikes on cities and military bases and sent in 255 00:13:49,040 --> 00:13:52,720 Speaker 1: troops and tanks from three sides. Ukraine's president pleaded for 256 00:13:52,760 --> 00:13:56,240 Speaker 1: international help. The c d C is about to release 257 00:13:56,320 --> 00:13:59,640 Speaker 1: new masks guidance for cities and states today it will 258 00:13:59,679 --> 00:14:02,320 Speaker 1: mean asks can come down in a majority of the 259 00:14:02,360 --> 00:14:05,599 Speaker 1: city still requiring them. In sports, the Celtics beat the 260 00:14:05,640 --> 00:14:08,360 Speaker 1: Nets one nine one, those six, the Warriors one. In 261 00:14:08,400 --> 00:14:11,240 Speaker 1: the NHL, the Rangers beat the Capitals for one, the 262 00:14:11,280 --> 00:14:14,240 Speaker 1: Devil's one. The Islanders lost, the Bruins beat the Crack 263 00:14:14,280 --> 00:14:17,360 Speaker 1: in an OT three two Global News twenty four hours 264 00:14:17,400 --> 00:14:20,280 Speaker 1: a day on air and on Bloomberg Quick Take, powered 265 00:14:20,320 --> 00:14:23,360 Speaker 1: by more than journalists and analysts more than a hundred 266 00:14:23,440 --> 00:14:28,000 Speaker 1: twenty countries. Michael Barr, This is Bloomberg. This is the 267 00:14:28,160 --> 00:14:32,000 Speaker 1: Big Take, the best of Bloomberg's in depth, original reporting 268 00:14:32,080 --> 00:14:34,800 Speaker 1: from around the globe. We're running on a financial system 269 00:14:34,840 --> 00:14:40,240 Speaker 1: that's running on old technology's reach. Fresh recordized what unfolds 270 00:14:40,240 --> 00:14:42,640 Speaker 1: in mid terms we will no doubt see again in 271 00:14:42,720 --> 00:14:46,800 Speaker 1: the next presidential election. The Big Take on Bloomberg Radio. 272 00:14:48,360 --> 00:14:50,400 Speaker 1: We're coming up to six twenty on Wall Street Line 273 00:14:50,400 --> 00:14:53,640 Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak 274 00:14:53,680 --> 00:14:55,520 Speaker 1: in Our Big Take this morning is on the war 275 00:14:55,600 --> 00:14:58,040 Speaker 1: in Ukraine and the threat it poses to a global 276 00:14:58,080 --> 00:15:02,440 Speaker 1: recovery already struggling to share after pandemic. Jamie Rush joins 277 00:15:02,480 --> 00:15:06,160 Speaker 1: us NOW Chief European economist at Bloomberg Economics. Great to 278 00:15:06,200 --> 00:15:07,800 Speaker 1: speak with you, Jamie. I know you were a part 279 00:15:07,840 --> 00:15:11,040 Speaker 1: of the team that looked at three potential scenarios for 280 00:15:11,120 --> 00:15:15,160 Speaker 1: how sanctions on Russia could affect the recovery. Could you 281 00:15:15,160 --> 00:15:18,360 Speaker 1: sort of take us through them? Sure? Certainly. First, as 282 00:15:18,440 --> 00:15:20,320 Speaker 1: let me say, this is a tragedy beyond anything I've 283 00:15:20,360 --> 00:15:22,680 Speaker 1: seen in my lifetime in Europe, and so my thoughts 284 00:15:22,680 --> 00:15:26,080 Speaker 1: were with those affected, because the impact of this conflict 285 00:15:26,200 --> 00:15:28,800 Speaker 1: is rippling across the world and it will cause hardship 286 00:15:28,840 --> 00:15:32,120 Speaker 1: of a second order outside of Ukraine. And so the 287 00:15:32,120 --> 00:15:35,160 Speaker 1: three snies we're thinking of are these. The first is 288 00:15:35,200 --> 00:15:39,320 Speaker 1: that fighting ends relatively soon and markets settle, and that 289 00:15:39,360 --> 00:15:42,120 Speaker 1: will keep the US and European recoveries on track. And 290 00:15:42,160 --> 00:15:45,040 Speaker 1: it seems actually that's broadly what markets have priced in. 291 00:15:45,160 --> 00:15:47,440 Speaker 1: If you look at gas prices, they've fallen back below 292 00:15:47,440 --> 00:15:49,880 Speaker 1: a hundred and ten Europe o maygan what hour after 293 00:15:49,920 --> 00:15:52,600 Speaker 1: a peak of a hundred and forty yesterday, and gas 294 00:15:52,680 --> 00:15:55,120 Speaker 1: applies to Europe via Ukraine have not been affected yet. 295 00:15:55,200 --> 00:15:58,080 Speaker 1: In fact, they've actually increased since the invasion. So that 296 00:15:58,120 --> 00:16:01,680 Speaker 1: would be that would potentially leave ECB the FED on 297 00:16:01,800 --> 00:16:05,040 Speaker 1: track for policy as they as as as before the 298 00:16:05,080 --> 00:16:09,800 Speaker 1: invasion occurred. In a second scenario, a prolonged conflict leads 299 00:16:09,800 --> 00:16:13,520 Speaker 1: to a stronger Western response, perhaps including cutting Russia off 300 00:16:13,520 --> 00:16:16,760 Speaker 1: from the SWIFT system. One way or another, we end 301 00:16:16,800 --> 00:16:20,600 Speaker 1: up with disruption to Russia's oil and gas exports, and 302 00:16:20,680 --> 00:16:23,400 Speaker 1: that energy shock would be a major blows flobal markets, 303 00:16:23,400 --> 00:16:26,360 Speaker 1: triggering a risk off sentiment, and it could also trigger 304 00:16:26,400 --> 00:16:29,280 Speaker 1: a downturn in in Europe, and in that case we'd 305 00:16:29,280 --> 00:16:31,680 Speaker 1: expect that central banks would probably ease off throttle a 306 00:16:31,720 --> 00:16:34,840 Speaker 1: little bit over the over the coming year. In the 307 00:16:34,880 --> 00:16:38,520 Speaker 1: worst case, though, either Europe stops buying gas or Russia 308 00:16:38,520 --> 00:16:42,000 Speaker 1: cuts off supplies entirely. That would cause a deep recession 309 00:16:42,040 --> 00:16:45,800 Speaker 1: in Europe because they would lead to rationing of energy, 310 00:16:46,520 --> 00:16:48,800 Speaker 1: and that would trigger ties to financial conditions globally, So 311 00:16:49,000 --> 00:16:52,640 Speaker 1: procession in Europe and markedly more davish path for central 312 00:16:52,640 --> 00:16:55,880 Speaker 1: banks going out of the out of the COVID crisis. 313 00:16:55,920 --> 00:17:00,160 Speaker 1: So the scenarios are based on whether Russia continue is 314 00:17:00,240 --> 00:17:04,679 Speaker 1: to supply energy to the global market. Is it possible 315 00:17:04,800 --> 00:17:08,919 Speaker 1: at this point to game out a scenario where we 316 00:17:09,000 --> 00:17:14,280 Speaker 1: could see sanctions on the Russian energy sector. Is there 317 00:17:14,320 --> 00:17:18,120 Speaker 1: anything from Bloomberg Economics that sees that as a possibility, 318 00:17:18,200 --> 00:17:22,360 Speaker 1: given how dependent Europe is on Russia's oil and natural gas. 319 00:17:23,400 --> 00:17:26,240 Speaker 1: I think it is a possibility. It's it's it's it's 320 00:17:26,280 --> 00:17:28,560 Speaker 1: kind of in the third scenario or nested within it. 321 00:17:28,560 --> 00:17:32,159 Speaker 1: It's possible that Europe decides that they are going to 322 00:17:32,200 --> 00:17:34,840 Speaker 1: go and use their maximum leverage, which would be to 323 00:17:35,400 --> 00:17:38,800 Speaker 1: sanction energy or to stop buying gas, and you end 324 00:17:38,880 --> 00:17:43,600 Speaker 1: up with, you know, a self inflicted recession in Europe, 325 00:17:43,680 --> 00:17:47,439 Speaker 1: but with the potential benefit that would deliver extreme leverage 326 00:17:47,440 --> 00:17:50,679 Speaker 1: over Russia. But it's that is the I mean, that 327 00:17:50,800 --> 00:17:52,879 Speaker 1: is the last tool in the arsenal that you was 328 00:17:52,920 --> 00:17:55,600 Speaker 1: willing to deploy, and so far we haven't seen any 329 00:17:55,640 --> 00:17:58,800 Speaker 1: evidence they're willing to deploy it. What about the sanctions 330 00:17:58,840 --> 00:18:02,159 Speaker 1: that have been an so far by President Biden and 331 00:18:02,320 --> 00:18:07,040 Speaker 1: European allies targeting Russia's banking sector in particular, is there 332 00:18:07,080 --> 00:18:11,400 Speaker 1: a risk of spillover into the global economy from those 333 00:18:11,880 --> 00:18:17,439 Speaker 1: UH sanctions? So I think that the sanctions are most Italian, 334 00:18:17,840 --> 00:18:21,239 Speaker 1: cutting Russian banks off from from international markets, and they 335 00:18:21,280 --> 00:18:24,199 Speaker 1: will certainly cause disruption in Russia. In fact, you know, 336 00:18:24,240 --> 00:18:27,320 Speaker 1: we're seeing that there's signs of significant financial distress in 337 00:18:27,400 --> 00:18:33,040 Speaker 1: the Russian banking sector already. Um that's not been transmitted 338 00:18:33,680 --> 00:18:37,679 Speaker 1: fully or even anywhere near that to to European financial sectors. 339 00:18:37,720 --> 00:18:40,199 Speaker 1: We know that some countries have have exposure or some 340 00:18:40,240 --> 00:18:43,360 Speaker 1: banks have exposure to to Russia. That of course has 341 00:18:43,400 --> 00:18:47,119 Speaker 1: been managed since the annexation of Crimea. They've been thinking 342 00:18:47,160 --> 00:18:50,720 Speaker 1: about how to, how to how to plan their exposures 343 00:18:50,720 --> 00:18:53,320 Speaker 1: to Russia. So we're if we look, for example, that 344 00:18:53,400 --> 00:18:56,160 Speaker 1: CDs spreads for some of the bigger European banks, we're 345 00:18:56,200 --> 00:19:00,240 Speaker 1: not seeing the sort of evidence of financial dislocations might 346 00:19:00,240 --> 00:19:04,639 Speaker 1: prompts a cutting quench And only about thirty seconds left here? 347 00:19:04,680 --> 00:19:08,040 Speaker 1: Is there a risk of Russian retaliation cyber attacks potentially 348 00:19:08,040 --> 00:19:11,439 Speaker 1: affecting the recovery just quickly? Yeah, I mean, I know 349 00:19:11,560 --> 00:19:15,240 Speaker 1: the fed as has thought that that's a significant risk 350 00:19:15,320 --> 00:19:17,040 Speaker 1: for for the U. S economy. It could spit out 351 00:19:17,080 --> 00:19:19,399 Speaker 1: into a wider asset class than just you know, just banks. 352 00:19:19,440 --> 00:19:21,440 Speaker 1: So it is a risk. It's one of those things 353 00:19:21,440 --> 00:19:23,280 Speaker 1: that can happen at any moment and in any scenario. 354 00:19:24,040 --> 00:19:26,000 Speaker 1: Thanks for this, Jamie, good having you on with us. 355 00:19:26,080 --> 00:19:30,200 Speaker 1: Jamie rush is chief European economist at Bloomberg Economics, part 356 00:19:30,240 --> 00:19:32,680 Speaker 1: of the team that put together our Big Take story 357 00:19:32,720 --> 00:19:36,760 Speaker 1: this morning, how warren Ukraine threatens the world's economic recovery. 358 00:19:36,800 --> 00:19:39,960 Speaker 1: You can read more much more about it at Bloomberg 359 00:19:40,000 --> 00:19:43,000 Speaker 1: dot com Slash Big Take or NI Big Take go 360 00:19:43,760 --> 00:19:46,879 Speaker 1: on the Bloomberg terminal and just seeing this headline cross 361 00:19:46,920 --> 00:19:50,840 Speaker 1: the Bloomberg terminal. Russian or I'm sorry, Ukrainian President Vladimir 362 00:19:50,920 --> 00:19:56,120 Speaker 1: Zolinski saying Europe is too slow in helping Ukraine as 363 00:19:56,200 --> 00:20:00,560 Speaker 1: the fighting continues rockets getting closer to keep Stay with 364 00:20:00,640 --> 00:20:08,080 Speaker 1: us for the very latest. This is Bloomberg and it's 365 00:20:08,080 --> 00:20:11,000 Speaker 1: now six five on Wall Street. Bloomberg Daybreak is brought 366 00:20:11,040 --> 00:20:13,240 Speaker 1: to you by Audie. Don't let someone else drive off 367 00:20:13,640 --> 00:20:16,200 Speaker 1: in the Outie model you've always wanted visit a try 368 00:20:16,240 --> 00:20:18,280 Speaker 1: state outie dealer to get behind the wheel of yours. 369 00:20:18,320 --> 00:20:26,000 Speaker 1: Today broadcasting live from the Bloomberg Interactive Broker Studio in 370 00:20:26,080 --> 00:20:29,080 Speaker 1: New York, Bloomberg E Loving Freedom to Washington, d C. 371 00:20:29,280 --> 00:20:32,960 Speaker 1: Bloomberg nine one to Boston, Bloomberg one O six one 372 00:20:33,080 --> 00:20:36,560 Speaker 1: to San Francisco, Bloomberg nine six to the Country. Sirius 373 00:20:36,680 --> 00:20:39,879 Speaker 1: XM Cho one nineteen and around the globe, the Bloomberg 374 00:20:39,880 --> 00:20:45,240 Speaker 1: Business and Bloomberg Radio dot com. This is Bloomberg Daybreak 375 00:20:49,880 --> 00:20:52,080 Speaker 1: six thirty on Wall Street. Good morning, I'm Nathan Hager 376 00:20:52,359 --> 00:20:54,600 Speaker 1: and I'm farre at Moscow, and we're just about three 377 00:20:54,640 --> 00:20:56,960 Speaker 1: hours away from the open of US trading. Time for 378 00:20:57,000 --> 00:20:59,280 Speaker 1: the five things you need to notice start your day. 379 00:20:59,320 --> 00:21:02,440 Speaker 1: Brought to you I Interacted Broker's Global Analysts. It helps 380 00:21:02,480 --> 00:21:06,240 Speaker 1: you find new global investment opportunities, to diversify your portfolio 381 00:21:06,280 --> 00:21:09,960 Speaker 1: and discover undervalued companies that may have greater growth potential. 382 00:21:10,160 --> 00:21:13,440 Speaker 1: Try IBK our Global Analysts today at ibkr dot com 383 00:21:13,480 --> 00:21:16,680 Speaker 1: slash g a up. First, we begin with the latest 384 00:21:16,680 --> 00:21:19,960 Speaker 1: developments out of Eastern Europe. Ukraine is fighting back as 385 00:21:20,080 --> 00:21:22,800 Speaker 1: Russia pounds the country, where the rocket strikes in the 386 00:21:22,880 --> 00:21:25,720 Speaker 1: capital of Kiev. The US and as allies believe a 387 00:21:25,840 --> 00:21:29,639 Speaker 1: capital city may soon fall to Russian forces. Ukraine President 388 00:21:29,720 --> 00:21:34,080 Speaker 1: vladimir's Lenski says his nation continues to resist the Russian invasion. 389 00:21:35,960 --> 00:21:38,280 Speaker 1: Russia will anyway have to talk to us sooner or 390 00:21:38,400 --> 00:21:41,399 Speaker 1: later to talk about how to stop combat action and 391 00:21:41,480 --> 00:21:44,720 Speaker 1: to end this invasion. And a few minutes ago, Ukraine's 392 00:21:44,760 --> 00:21:48,640 Speaker 1: President Zelenski called for negotiations with Vladimir Putin. Now we're 393 00:21:48,640 --> 00:21:51,000 Speaker 1: seeing this cross the Bloomberg terminal as well. Karen the 394 00:21:51,119 --> 00:21:54,880 Speaker 1: Chinese state television is reporting Chinese President Shi jin Ping 395 00:21:54,960 --> 00:21:59,920 Speaker 1: has spoken with Putin and also supports negotiations with Ukraine. Meantime, 396 00:22:00,000 --> 00:22:03,520 Speaker 1: in Washington, President Biden's making clear US troops will not 397 00:22:03,640 --> 00:22:06,639 Speaker 1: fight on the ground, Bloomberg said, Baxter has the story. 398 00:22:06,760 --> 00:22:09,240 Speaker 1: President Biden has drawn the line of the borders of 399 00:22:09,400 --> 00:22:12,399 Speaker 1: NATO nations. It's a large conflict already. The way we're 400 00:22:12,400 --> 00:22:14,960 Speaker 1: gonna stir it's not going to aspire to a larger conflict, 401 00:22:15,040 --> 00:22:18,159 Speaker 1: is by providing all the forces needed in the Eastern 402 00:22:18,240 --> 00:22:21,879 Speaker 1: European nations that are members of NATO. NATO is more 403 00:22:22,000 --> 00:22:24,840 Speaker 1: united than it's ever been, and I have no plans 404 00:22:24,840 --> 00:22:27,879 Speaker 1: to talk to whom he calls a pariah on the 405 00:22:27,920 --> 00:22:31,200 Speaker 1: world stage. The President says he's moving more US troops 406 00:22:31,240 --> 00:22:35,680 Speaker 1: closer to NATO borders, seven thousand for example, in Germany, 407 00:22:36,160 --> 00:22:39,199 Speaker 1: in San Francisco. I'm at Baxter Bloomberg daybreak, all right, 408 00:22:39,240 --> 00:22:42,119 Speaker 1: and thank you. Volatility and financial markets has been a 409 00:22:42,240 --> 00:22:44,680 Speaker 1: sky high since the start of the invasion, and US 410 00:22:44,720 --> 00:22:47,520 Speaker 1: features are lower following yesterday's while come back at one 411 00:22:47,560 --> 00:22:50,120 Speaker 1: point than ASDAG plunged three and a half percent, only 412 00:22:50,160 --> 00:22:53,159 Speaker 1: to finish the day higher up three point three percent. Well. 413 00:22:53,200 --> 00:22:56,000 Speaker 1: Despite the uncertainty caused by the situation in Ukraine, care 414 00:22:56,040 --> 00:22:58,280 Speaker 1: and the Federal Reserve is sticking to its guns that 415 00:22:58,440 --> 00:23:00,720 Speaker 1: officials say they still plan to ray these rates next 416 00:23:00,760 --> 00:23:02,800 Speaker 1: month and stress the need to fight the honest US 417 00:23:02,840 --> 00:23:05,639 Speaker 1: inflation in forty years. And at the White House today, 418 00:23:05,680 --> 00:23:09,000 Speaker 1: Bloomberg News has learned that President Biden has decided on 419 00:23:09,040 --> 00:23:12,000 Speaker 1: a nominee for the Supreme Court. No word on who 420 00:23:12,040 --> 00:23:14,480 Speaker 1: it is or when the selection will be announced. The 421 00:23:14,520 --> 00:23:17,320 Speaker 1: President has already said he was selected black woman. And 422 00:23:17,359 --> 00:23:19,600 Speaker 1: that's the five things you need to notice. Start your day, 423 00:23:19,680 --> 00:23:23,200 Speaker 1: Bronti you by Interactive Brokers again. Futures are lower with 424 00:23:23,359 --> 00:23:26,239 Speaker 1: SNP futures down thirty one points down, futures down two 425 00:23:26,960 --> 00:23:29,879 Speaker 1: two and nasdack futures down eight one. Straight ahead your 426 00:23:29,920 --> 00:23:33,320 Speaker 1: latest local headlines plus the check of sports, and this 427 00:23:33,680 --> 00:23:40,600 Speaker 1: is Bloomberg. Thanks Karen sixty three on Wall Street. Mix 428 00:23:40,640 --> 00:23:42,880 Speaker 1: of rain and freezing rain right now in Central Park 429 00:23:43,000 --> 00:23:46,480 Speaker 1: thirty two degrees and they're still clearing a disabled vehicle 430 00:23:46,520 --> 00:23:48,880 Speaker 1: headed to the Lincoln Tunnel on eastbound four ninety five. 431 00:23:49,040 --> 00:23:52,600 Speaker 1: Lots of slipping and sliding this morning. Here's Michael Barr 432 00:23:52,640 --> 00:23:54,639 Speaker 1: with more on that and everything else going on in 433 00:23:54,640 --> 00:23:56,760 Speaker 1: New York and around the world. Good morning, Michael, Good 434 00:23:56,800 --> 00:23:59,200 Speaker 1: morning Nathan. If you haven't left out the door yet, 435 00:23:59,280 --> 00:24:02,000 Speaker 1: winter weather is going to make the morning commute a handful. 436 00:24:02,359 --> 00:24:05,879 Speaker 1: Bloomberg meteorologist Rob Caroline as the latest. Michael will be 437 00:24:05,920 --> 00:24:08,199 Speaker 1: dealing with the messy mix early on this morning, but 438 00:24:08,280 --> 00:24:10,639 Speaker 1: that should transition over to some plane rain as the 439 00:24:10,680 --> 00:24:13,520 Speaker 1: morning goes on. National Weather Service has the Tri State 440 00:24:13,560 --> 00:24:16,119 Speaker 1: area under a winter weather advisory through ten this morning. 441 00:24:16,400 --> 00:24:18,800 Speaker 1: Sleet and freezing rain will be changing to plan rain. 442 00:24:19,040 --> 00:24:21,800 Speaker 1: It will end during the afternoon. Temperatures eventually get up 443 00:24:21,800 --> 00:24:23,800 Speaker 1: to forties, so the slippery problems we have they should 444 00:24:23,800 --> 00:24:26,760 Speaker 1: go away. They'll linger some in the northern and western suburbs, 445 00:24:26,920 --> 00:24:28,960 Speaker 1: but by late today we break into some sunshine, so 446 00:24:29,000 --> 00:24:32,000 Speaker 1: the ride home better than the ride in this morning, Michael, Rob, 447 00:24:32,080 --> 00:24:34,560 Speaker 1: thank you, sir. The Tri State area is reacting to 448 00:24:34,800 --> 00:24:43,840 Speaker 1: Russia's invasion of Ukraine. In Times Square yesterday, Ukrainian Americans 449 00:24:43,920 --> 00:24:46,520 Speaker 1: rallied in the streets. New York City is home to 450 00:24:46,560 --> 00:24:50,520 Speaker 1: more than a hundred fifty Ukrainians. Mayor Eric Adams posted 451 00:24:50,520 --> 00:24:53,800 Speaker 1: on Twitter the unprovoked and unjustified invasion of their homeland 452 00:24:53,880 --> 00:24:57,160 Speaker 1: is an assault on freedom. New York Governor Kathy Hoco 453 00:24:57,240 --> 00:25:01,920 Speaker 1: offerers support for the Ukrainian people very frightening images. Our 454 00:25:01,960 --> 00:25:05,360 Speaker 1: hearts go out to all the residents of that country 455 00:25:05,400 --> 00:25:08,800 Speaker 1: that is now under siege. Governor Hokel says the state 456 00:25:09,280 --> 00:25:13,000 Speaker 1: is preparing for any cyber attacks that intelligence authorities say 457 00:25:13,200 --> 00:25:16,600 Speaker 1: is possible. Our support is with President Biden as he 458 00:25:16,720 --> 00:25:20,840 Speaker 1: manages through this crisis and also remind everyone that we 459 00:25:20,880 --> 00:25:23,880 Speaker 1: are on height and alert with respect to cyber security 460 00:25:23,880 --> 00:25:27,560 Speaker 1: in our own defenses. In New Jersey, a prayer vigil 461 00:25:27,680 --> 00:25:31,480 Speaker 1: was held for Ukrainian Americans in bound Brook. Services were 462 00:25:31,520 --> 00:25:35,119 Speaker 1: held at the Ukrainian Orthodox Church of the USA. The 463 00:25:35,160 --> 00:25:38,640 Speaker 1: CDC is expected to announce new COVID mask guidelines as 464 00:25:38,680 --> 00:25:41,560 Speaker 1: soon as today. That will mean most Americans will no 465 00:25:41,640 --> 00:25:45,199 Speaker 1: longer be advised where masks in indoor public settings. The 466 00:25:45,240 --> 00:25:48,960 Speaker 1: new CDC mask guidelines are expected to be related to 467 00:25:49,040 --> 00:25:52,439 Speaker 1: the COVID case rates in each local community. Guilty verdicts 468 00:25:52,480 --> 00:25:55,160 Speaker 1: on federal charges. Were all three of the remaining officers 469 00:25:55,280 --> 00:25:58,840 Speaker 1: charged in relation to George Floyd's death. After the verdicts, 470 00:25:58,920 --> 00:26:03,200 Speaker 1: acting US Attorney for the District of Minnesota, Charles Covantz 471 00:26:03,280 --> 00:26:06,600 Speaker 1: said the three officers had every opportunity to help, but 472 00:26:06,720 --> 00:26:09,080 Speaker 1: failed to fulfill their duty. It was a scene that 473 00:26:09,119 --> 00:26:14,400 Speaker 1: will forever be seared into our memories. George Floyd handcuffed 474 00:26:14,880 --> 00:26:18,760 Speaker 1: and pin to the ground by three officers. US Attorney 475 00:26:18,800 --> 00:26:21,280 Speaker 1: Charles Colvan's global name is twenty four hours a day 476 00:26:21,280 --> 00:26:23,520 Speaker 1: on air and on Bloomberg Quick Take power by more 477 00:26:23,520 --> 00:26:26,080 Speaker 1: than twenty seven hundred journalists and analysts in more than 478 00:26:26,119 --> 00:26:28,720 Speaker 1: a hundred twenty countries. Michael Bard, this is Bloomberg, Nathan. 479 00:26:28,840 --> 00:26:37,159 Speaker 1: Thanks Michael sixty six on Wall Street. Let's check Bloomberg Sports. 480 00:26:37,160 --> 00:26:40,359 Speaker 1: Here's Scott Seedinberg. Good morning, Nathan. The Nets getting some 481 00:26:40,440 --> 00:26:44,080 Speaker 1: good news yesterday, Steve Nash saying Kevin Durant and newly 482 00:26:44,160 --> 00:26:46,600 Speaker 1: signed Born Drugs could be ready to play for them 483 00:26:46,640 --> 00:26:51,080 Speaker 1: in the next three games. But without their stars last night, 484 00:26:51,160 --> 00:26:55,280 Speaker 1: the Nets continued to shruggle, eaten by the Celtics one nine, 485 00:26:55,520 --> 00:26:58,920 Speaker 1: one oh six. Jeaston Tatum scored thirty for Boston, who 486 00:26:58,960 --> 00:27:01,480 Speaker 1: jumped out to a foot team point lead after the 487 00:27:01,520 --> 00:27:05,159 Speaker 1: first quarter. Here were Steve Nash. We recognize we're short ended. No, 488 00:27:05,280 --> 00:27:07,040 Speaker 1: we know we're sending these guys out there and ask 489 00:27:07,119 --> 00:27:10,120 Speaker 1: them to do more than their customer to doing and 490 00:27:10,119 --> 00:27:12,000 Speaker 1: and that stuff. But at the same time, and they've 491 00:27:12,000 --> 00:27:14,120 Speaker 1: responded every time we bout them to keep their spirits 492 00:27:14,160 --> 00:27:18,240 Speaker 1: high and worked and and that was clearly on display 493 00:27:18,320 --> 00:27:22,320 Speaker 1: and practice yesterday. Today we need uh today, we need 494 00:27:22,320 --> 00:27:25,879 Speaker 1: a little bit more. That's We'll visit the Fox tomorrow. Night. Tonight, 495 00:27:26,119 --> 00:27:29,280 Speaker 1: NIX host the Heat Hockey. The Rangers beat the Capitols 496 00:27:29,320 --> 00:27:32,359 Speaker 1: for one. Gorsus Birkin made thirty six saves for his 497 00:27:33,160 --> 00:27:35,600 Speaker 1: win of the season. The Blue Shirts have won eight 498 00:27:35,640 --> 00:27:39,120 Speaker 1: of their last eleven. They'll visit Pittsburgh tomorrow. The Islanders 499 00:27:39,119 --> 00:27:41,600 Speaker 1: fell want to shootout for three in San Jose there 500 00:27:41,640 --> 00:27:44,800 Speaker 1: at Atlay tomorrow, and the Devil's upset the Penguin six 501 00:27:44,920 --> 00:27:48,040 Speaker 1: to one for just their third win in their last 502 00:27:48,040 --> 00:27:52,679 Speaker 1: twelve games. Scott Sedinburg with Bloomberg Sports. Nathan all Right, Scott, 503 00:27:52,720 --> 00:27:55,160 Speaker 1: thank you. It is sixty seven on Wall Street. Time 504 00:27:55,200 --> 00:27:56,760 Speaker 1: to take a look at stock. Some of the names 505 00:27:56,760 --> 00:27:59,679 Speaker 1: moving in the pre market. Bloomberg Radio on TV markets 506 00:27:59,680 --> 00:28:03,320 Speaker 1: of course funded Creaty Good fastening or seatbelt bringing the 507 00:28:03,680 --> 00:28:06,960 Speaker 1: knee bar down, getting ready for another roller coaster ride. 508 00:28:06,960 --> 00:28:09,879 Speaker 1: Good morning, Creaty, Good morning. That's quite the intro. I 509 00:28:09,880 --> 00:28:12,520 Speaker 1: think we're all in that boat, to be honest. Let's 510 00:28:12,520 --> 00:28:15,159 Speaker 1: just start off with some earning stories, but also some 511 00:28:15,200 --> 00:28:18,040 Speaker 1: geopolitical stories that are folding into one stock in particular 512 00:28:18,080 --> 00:28:19,840 Speaker 1: I have an eye on, and that is z Scale 513 00:28:19,920 --> 00:28:22,800 Speaker 1: or z S is your ticker. This is a security 514 00:28:22,960 --> 00:28:26,040 Speaker 1: software company. They reported earnings this morning. They beat, but 515 00:28:26,080 --> 00:28:29,160 Speaker 1: they didn't beat by that much. Analysts actually having pretty 516 00:28:29,200 --> 00:28:33,320 Speaker 1: lofty expectations actually slashing their price targets on that, including 517 00:28:33,359 --> 00:28:37,280 Speaker 1: a New Street low over at Barkley's. Nevertheless, some analysts 518 00:28:37,280 --> 00:28:39,400 Speaker 1: like Dan Eves over a wet Bush, kind of impressed 519 00:28:39,400 --> 00:28:42,080 Speaker 1: by the building growth of fifty and the fact that 520 00:28:42,120 --> 00:28:45,400 Speaker 1: they're scaling up cyber security. Nathan, those shares are down 521 00:28:45,440 --> 00:28:47,440 Speaker 1: thirteen percent in the pre market, and the reason I 522 00:28:47,440 --> 00:28:51,000 Speaker 1: emphasize the stock is because of that cybersecurity scale up. 523 00:28:51,040 --> 00:28:53,000 Speaker 1: Given the geopolitical tensions, do you want to keep an 524 00:28:53,040 --> 00:28:55,640 Speaker 1: eye on companies like the z S as your taker 525 00:28:55,720 --> 00:28:58,400 Speaker 1: Paulo alto crowd strike because either of the companies that 526 00:28:58,440 --> 00:29:01,760 Speaker 1: have actually outperformed as the rest of the market dropped 527 00:29:01,800 --> 00:29:06,280 Speaker 1: on those Russian risk headlines. Essentially another story. And then, 528 00:29:06,320 --> 00:29:08,200 Speaker 1: of course is crypto. We have to talk about this 529 00:29:08,280 --> 00:29:11,760 Speaker 1: block formerly known as square. SQ is the taker, will 530 00:29:11,800 --> 00:29:14,640 Speaker 1: it beat expectations for its own earnings analyst saying the 531 00:29:14,640 --> 00:29:18,520 Speaker 1: results are actually a relief supported by quote impressive cash 532 00:29:18,560 --> 00:29:22,640 Speaker 1: app figures. Those shares are soaring fift in the pre market. 533 00:29:22,800 --> 00:29:25,560 Speaker 1: Sqs your ticker there, and we'll just stick with cryptocurrencies 534 00:29:25,600 --> 00:29:28,520 Speaker 1: for a second. Coin based c o I N. Of course, 535 00:29:28,520 --> 00:29:32,880 Speaker 1: the crypto exchange, well, those shares actually lower after reporting earnings, 536 00:29:32,880 --> 00:29:35,880 Speaker 1: cautioning the trading volume will decline in the first quarter, 537 00:29:36,000 --> 00:29:38,280 Speaker 1: down two and a half percent. C O I N 538 00:29:38,400 --> 00:29:40,680 Speaker 1: is your taker there, Nathan, Let's stick with the earnings 539 00:29:40,720 --> 00:29:44,680 Speaker 1: picture creaty because it's kind of mixed depending on which 540 00:29:44,720 --> 00:29:47,760 Speaker 1: companies are looking at it is. And it's interesting because 541 00:29:47,960 --> 00:29:50,160 Speaker 1: some of the companies that reported this morning, i'll have 542 00:29:50,240 --> 00:29:52,840 Speaker 1: one theme in common, that of course is retail. It's 543 00:29:52,880 --> 00:29:56,480 Speaker 1: spending its food almost ets Is is up on the 544 00:29:56,480 --> 00:29:58,560 Speaker 1: top of the list. Those shares are up after beating 545 00:29:58,560 --> 00:30:02,200 Speaker 1: earnings in a pretty big a sixteen percent rally in 546 00:30:02,200 --> 00:30:04,320 Speaker 1: the pre market. Here E T s Y is your 547 00:30:04,360 --> 00:30:07,400 Speaker 1: tiger beyond meat also reporting b y n D. You 548 00:30:07,400 --> 00:30:11,680 Speaker 1: actually dropped because then analysts are questioning its profitability, outlook 549 00:30:11,840 --> 00:30:14,960 Speaker 1: and pricing strategy after the maker of plant based foods. Nathan, 550 00:30:14,960 --> 00:30:17,560 Speaker 1: I don't know if you've tried, and I haven't forecast 551 00:30:17,640 --> 00:30:20,960 Speaker 1: sales that missed market expectations down to I have eight percent. 552 00:30:21,240 --> 00:30:24,560 Speaker 1: I'll end here with far fetch FTC eight those shares 553 00:30:24,640 --> 00:30:27,720 Speaker 1: rallying after a smaller than expected fourth quarter loss and 554 00:30:27,800 --> 00:30:31,680 Speaker 1: investors rewarding him in a really big way. Gain there, Nathan, 555 00:30:32,080 --> 00:30:35,640 Speaker 1: My motto is try anything once. Thanks Creating, I hope 556 00:30:35,680 --> 00:30:38,040 Speaker 1: you have a great weekend. Bloomberg Radio and TV Markets 557 00:30:38,040 --> 00:30:41,680 Speaker 1: correspondent Creaty Gupta with us with the pre market update, 558 00:30:41,760 --> 00:30:43,360 Speaker 1: and as we take a look at stocks as a 559 00:30:43,360 --> 00:30:46,400 Speaker 1: whole ahead of this Friday morning open, we'll see where 560 00:30:46,440 --> 00:30:49,520 Speaker 1: things go. Right now, futures are moving lower, but not 561 00:30:49,800 --> 00:30:52,959 Speaker 1: as deeply as earlier in the session. S ANDP futures 562 00:30:53,040 --> 00:30:55,920 Speaker 1: right now are down twenty two points down, futures down 563 00:30:56,120 --> 00:31:00,200 Speaker 1: eighty five, NASTACK futures lower by fifty one points will 564 00:31:00,200 --> 00:31:03,120 Speaker 1: seeing big gains in European stocks. The stock six hundred 565 00:31:03,200 --> 00:31:06,400 Speaker 1: is now up two point one percent. Germany's decks and 566 00:31:06,440 --> 00:31:08,760 Speaker 1: the Cat in Paris both up by nearly two percent. 567 00:31:08,800 --> 00:31:12,040 Speaker 1: The tenure Treasury now down one thirty second, the yield 568 00:31:12,160 --> 00:31:16,280 Speaker 1: one point nine six percent. Stay with us. You're listening 569 00:31:16,320 --> 00:31:23,840 Speaker 1: to Bloomberg day Break Bloomberger eleven three oh weather winter 570 00:31:23,920 --> 00:31:26,360 Speaker 1: weather advisory for about another three hours. The rainal end 571 00:31:26,400 --> 00:31:29,080 Speaker 1: is uh later on this morning, while sunny breaks this 572 00:31:29,120 --> 00:31:32,400 Speaker 1: afternoon with a high near forty degrees right now thirty 573 00:31:32,560 --> 00:31:39,560 Speaker 1: two in Central Park Markets. Headlines and breaking news twenty 574 00:31:39,600 --> 00:31:42,440 Speaker 1: four hours a day at Bloomberg dot Com, The Bloomberg 575 00:31:42,480 --> 00:31:46,040 Speaker 1: Business at and at Bloomberg Quick Take. She's a Bloomberg 576 00:31:46,120 --> 00:31:55,080 Speaker 1: Business flash. Fine, I'm fair in Moscow. Futures are following 577 00:31:55,200 --> 00:31:57,120 Speaker 1: this morning, we got to the first word breaking news 578 00:31:57,200 --> 00:32:00,120 Speaker 1: dash for today's morning call. Here's Bill Maloney, Bill, good morning, 579 00:32:00,960 --> 00:32:03,360 Speaker 1: and good morning. Can that's right. US futures are in 580 00:32:03,400 --> 00:32:07,240 Speaker 1: the red after yesterday's historic reversal to futures certainly down 581 00:32:07,400 --> 00:32:09,840 Speaker 1: hundred and eighty points. Symes dropped twenty four will then 582 00:32:09,880 --> 00:32:13,840 Speaker 1: Ethic futures declined by fifties seven the US ten year 583 00:32:13,840 --> 00:32:16,800 Speaker 1: old at one point nine six percent, Gold is little changed, 584 00:32:16,840 --> 00:32:20,600 Speaker 1: oil is trading lower, and bitcoin is also trading little changed. 585 00:32:20,920 --> 00:32:23,560 Speaker 1: Japan rose two percent overnight, while up and markets are 586 00:32:23,600 --> 00:32:26,080 Speaker 1: firmly in the green right now and back in the 587 00:32:26,120 --> 00:32:28,880 Speaker 1: US on the Economic Funday thirty durable goods orders and 588 00:32:28,960 --> 00:32:32,320 Speaker 1: at ten o'clock, penning home sales and Michigan sentiment after 589 00:32:32,360 --> 00:32:34,520 Speaker 1: the bellas night, coin based warned of a first quarter 590 00:32:34,600 --> 00:32:37,720 Speaker 1: trading drop, and it's your reported is up sixteen percent 591 00:32:37,800 --> 00:32:40,280 Speaker 1: in the pre market and wrapping things up, Dish was 592 00:32:40,360 --> 00:32:43,840 Speaker 1: raised overweight at JP. Morgan Tessel raced outperform or red 593 00:32:43,880 --> 00:32:47,240 Speaker 1: Diowa live on the First Breaking News Desk on Bill Maloney, 594 00:32:47,280 --> 00:32:49,200 Speaker 1: care all right, Bill, thank you to hear live breaking 595 00:32:49,240 --> 00:32:51,840 Speaker 1: news of your Bloomberg type squawk on your terminal squ 596 00:32:52,160 --> 00:32:54,680 Speaker 1: a w K. That's a Bloomberg business flash. Now, here's 597 00:32:54,720 --> 00:32:57,440 Speaker 1: Michael bar with Moore on what's going on around the world. 598 00:32:57,520 --> 00:33:00,160 Speaker 1: Michael Karen, thank you very much. China is our Jing, 599 00:33:00,240 --> 00:33:04,400 Speaker 1: Russia and Ukraine to negotiate to address problems. Chinese State 600 00:33:04,400 --> 00:33:07,240 Speaker 1: TV Science President Shi Jing being held a phone call 601 00:33:07,400 --> 00:33:11,400 Speaker 1: with this counterpart, Vladimir Putin today. Meanwhile, Ukraine's president said 602 00:33:11,440 --> 00:33:14,400 Speaker 1: his nation continue to resist. On the second day of 603 00:33:14,440 --> 00:33:17,680 Speaker 1: the Russian invasion as fighting a rage north of Kiev, 604 00:33:18,080 --> 00:33:21,880 Speaker 1: President Voladimir z Lensky said Ukraine's military had stopped Russia 605 00:33:21,920 --> 00:33:24,920 Speaker 1: from achieving his objectives in the first day of the assault. 606 00:33:25,320 --> 00:33:28,000 Speaker 1: In sports, the Celtics beat the Nets one nine one 607 00:33:28,080 --> 00:33:31,720 Speaker 1: oh six. The Warriors won in the NHL, the Rangers 608 00:33:31,720 --> 00:33:35,160 Speaker 1: beat the Capitals for one, the Devils won, the Islanders lost. 609 00:33:35,400 --> 00:33:37,840 Speaker 1: The Bruins beat the Crockett and o T three to 610 00:33:38,280 --> 00:33:40,960 Speaker 1: Global News twenty four hours a day on air and 611 00:33:41,080 --> 00:33:44,840 Speaker 1: on Bloomberg Quicktake, powered by more than seven hundred journalist 612 00:33:44,880 --> 00:33:47,920 Speaker 1: and analysts more than a hundred twenty countries. I'm Michael Barr. 613 00:33:48,000 --> 00:33:52,120 Speaker 1: This is Bloomberg. The following commentary is from Bloomberg Opinion. 614 00:33:53,000 --> 00:33:55,520 Speaker 1: How to repair the pandemics damage to cancer care. I 615 00:33:55,680 --> 00:33:59,120 Speaker 1: Lisa Jarvis, the columnist for Bloomberg Opinion. Beneath the coronavirus 616 00:33:59,120 --> 00:34:02,280 Speaker 1: is staggering ducks are many layers of collateral damage. One 617 00:34:02,280 --> 00:34:05,280 Speaker 1: of the largest is COVID's disruption to cancer prevention and care. 618 00:34:05,640 --> 00:34:08,640 Speaker 1: The pandemic causes stunning drop in cancer screenings. According to 619 00:34:08,680 --> 00:34:11,520 Speaker 1: a recent report from the American Association for Cancer Research, 620 00:34:11,680 --> 00:34:14,000 Speaker 1: some ten million tests for miss during the first six months. 621 00:34:14,840 --> 00:34:18,320 Speaker 1: New cancer diagnoses in turn drop that year on colleges, 622 00:34:18,400 --> 00:34:21,319 Speaker 1: fear and imminent rise in more advanced cancer diagnoses, and 623 00:34:21,360 --> 00:34:24,400 Speaker 1: worry those new patients will encounter a depleted healthcare workforce. 624 00:34:24,640 --> 00:34:28,160 Speaker 1: That's because about American healthcare workers left the field during 625 00:34:28,200 --> 00:34:30,480 Speaker 1: the pandemic. The good news is that COVID forced the 626 00:34:30,480 --> 00:34:33,400 Speaker 1: cancer community to adopt a number of patient center practices, 627 00:34:33,680 --> 00:34:36,760 Speaker 1: including simple ones like the widespread use of telemedicine. Cancer 628 00:34:36,800 --> 00:34:38,960 Speaker 1: center should keep pushing for other ways to make care 629 00:34:39,040 --> 00:34:42,400 Speaker 1: more accessible. Revitalizing the health care infrastructure is a necessary 630 00:34:42,440 --> 00:34:45,160 Speaker 1: part of that goal and will help guarantee future patients 631 00:34:45,200 --> 00:34:47,920 Speaker 1: don't pay the price of the pandemic. I'm Lisa Jarvis. 632 00:34:47,920 --> 00:34:50,600 Speaker 1: For more opinion, please go to Bloomberg dot com, slash 633 00:34:50,600 --> 00:34:53,040 Speaker 1: Opinion or O P I n go on the Bloomberg 634 00:34:53,120 --> 00:34:57,879 Speaker 1: terminal has been Bloomberg Opinion and Bloomberg Opinion commentaries gaming 635 00:34:57,960 --> 00:35:00,640 Speaker 1: heard every weekday at this time, and terminal customers can 636 00:35:00,680 --> 00:35:03,160 Speaker 1: read more at O P I n go. It A 637 00:35:03,200 --> 00:35:05,160 Speaker 1: six fifty on Wall Street. We turned to news and 638 00:35:05,239 --> 00:35:07,719 Speaker 1: Science and Technology Now with a Bloomberg and j I 639 00:35:07,840 --> 00:35:10,720 Speaker 1: T STEM report brought to you Buy New Jersey Institute 640 00:35:10,760 --> 00:35:13,960 Speaker 1: of Technology, ranked a top fifty national public university by 641 00:35:14,000 --> 00:35:17,040 Speaker 1: US News and World Report and its top fifty college 642 00:35:17,040 --> 00:35:21,040 Speaker 1: for undergraduate entrepreneurship studies by the Princeton Review. Learn more 643 00:35:21,080 --> 00:35:23,600 Speaker 1: at n j I T dot e DU now Here's 644 00:35:23,600 --> 00:35:27,080 Speaker 1: just making news and Science, Technology, Engineering and math. The 645 00:35:27,239 --> 00:35:31,160 Speaker 1: Biden administration's call for sanctions against Russia will jeopardize that 646 00:35:31,239 --> 00:35:34,960 Speaker 1: country's ability to buy semiconductors and other technology. The U. 647 00:35:35,040 --> 00:35:38,560 Speaker 1: S Government said it will implement export controls designed to 648 00:35:38,560 --> 00:35:42,280 Speaker 1: cut Russia off from semiconductors and other advanced technology crucial 649 00:35:42,280 --> 00:35:47,800 Speaker 1: to the military, biotechnology, and aerospace industries. Allies such as Japan, Taiwan, 650 00:35:47,840 --> 00:35:51,279 Speaker 1: and South Korea, all key ship making countries, have either 651 00:35:51,360 --> 00:35:55,239 Speaker 1: followed suit or indicated that they will. The SEC is 652 00:35:55,280 --> 00:35:58,560 Speaker 1: investigating whether Elon Musk and his brother violated laws when 653 00:35:58,560 --> 00:36:02,480 Speaker 1: selling Tesla shares let year. According to sources, the regulator 654 00:36:02,560 --> 00:36:06,799 Speaker 1: is scrutinizing transactions. Just before Musk twitter pool asking if 655 00:36:06,800 --> 00:36:09,520 Speaker 1: he should sell ten percent of his steak. Musk was 656 00:36:09,560 --> 00:36:11,920 Speaker 1: denied a court hearing on his claims that the SEC 657 00:36:12,160 --> 00:36:15,080 Speaker 1: is targeting him with what he called endless probes for 658 00:36:15,160 --> 00:36:18,799 Speaker 1: criticizing the government and coin based Global, the biggest US 659 00:36:18,840 --> 00:36:22,360 Speaker 1: cryptocurrency exchange, caution that trading volume will decline in the 660 00:36:22,400 --> 00:36:26,000 Speaker 1: first quarter. The disappointment comes even after the company reported 661 00:36:26,000 --> 00:36:28,680 Speaker 1: revenue jumped to two and a half billion dollars in 662 00:36:28,719 --> 00:36:31,279 Speaker 1: the fourth quarter, and as the Bloomberg n j I 663 00:36:31,400 --> 00:36:34,239 Speaker 1: t STEM report. Nathan Okay, Karen, thank you. We're live 664 00:36:34,280 --> 00:36:36,880 Speaker 1: from the Bloomberg Interactive Brokers studios, where it's coming up 665 00:36:36,880 --> 00:36:38,960 Speaker 1: to six fifty two on Wall Street Time Now to 666 00:36:39,040 --> 00:36:40,799 Speaker 1: check what's going on in DC. Some of the top 667 00:36:40,840 --> 00:36:43,680 Speaker 1: stories in our nation's capital include President Biden ramping up 668 00:36:43,719 --> 00:36:46,720 Speaker 1: sanctions on Russia as the West fears the fall of Kiev, 669 00:36:47,200 --> 00:36:50,120 Speaker 1: the President deciding on his Supreme Court nominee, and the 670 00:36:50,200 --> 00:36:53,400 Speaker 1: January six Committee widening its probe into former President Donald 671 00:36:53,400 --> 00:36:56,799 Speaker 1: Trump's White House records. Bloomberg Government reporter Emily Wilkins joins 672 00:36:56,880 --> 00:37:01,600 Speaker 1: us now from our Bloomberg studios in Washington, d C. Emily, 673 00:37:01,680 --> 00:37:04,960 Speaker 1: good morning. We're awaiting another meeting between President Biden and 674 00:37:05,080 --> 00:37:08,040 Speaker 1: NATO allies later this morning, but we've already heard from 675 00:37:08,040 --> 00:37:13,640 Speaker 1: the President on more sanctions on Russia. Yes, President Biden has. 676 00:37:14,040 --> 00:37:16,440 Speaker 1: We're obviously watching to see what the result of that 677 00:37:16,640 --> 00:37:20,080 Speaker 1: nine AM meeting will be. But Biden's being pressured by 678 00:37:20,120 --> 00:37:23,200 Speaker 1: those within his own party to really up the sanctions 679 00:37:23,239 --> 00:37:26,040 Speaker 1: aren't Russia, to look into removing them from the SWIFT, 680 00:37:26,080 --> 00:37:29,960 Speaker 1: to put sanctions directly onto Vladimir Putin, as well as 681 00:37:30,040 --> 00:37:33,759 Speaker 1: look at UM putting sanctions on Russia's energy, and these 682 00:37:33,800 --> 00:37:36,120 Speaker 1: are all things that the White House has had their 683 00:37:36,160 --> 00:37:39,120 Speaker 1: reasons for not doing it this time. They say they 684 00:37:39,239 --> 00:37:41,920 Speaker 1: don't have agreement with their European allies on some of 685 00:37:41,920 --> 00:37:44,600 Speaker 1: the sanctions with SWIFT, and they're also worried that putting 686 00:37:44,680 --> 00:37:47,759 Speaker 1: sanctions on energy and aluminum are going to really hurt 687 00:37:47,840 --> 00:37:51,240 Speaker 1: global markets as they try and recover. UH. That certainly 688 00:37:51,480 --> 00:37:54,520 Speaker 1: will be watching both as Biden meets with NATO today, 689 00:37:54,960 --> 00:37:58,520 Speaker 1: as discussions continue over the weekend, and as Congress comes 690 00:37:58,560 --> 00:38:02,160 Speaker 1: back on Monday to see what additional sanctions UH the 691 00:38:02,239 --> 00:38:04,680 Speaker 1: U S will be discussing. And as we wait for 692 00:38:04,719 --> 00:38:07,800 Speaker 1: all that, Emily, we're already hearing from the Ukrainian President 693 00:38:07,880 --> 00:38:11,200 Speaker 1: Voladimir Zelinski just this morning saying the West is moving 694 00:38:11,239 --> 00:38:14,839 Speaker 1: too slowly to help his country. What does that mean 695 00:38:14,920 --> 00:38:17,960 Speaker 1: for the pressure that the President's under to amount a 696 00:38:18,000 --> 00:38:21,640 Speaker 1: more forceful response against Russia. I mean, certainly this is 697 00:38:21,640 --> 00:38:25,680 Speaker 1: a voice that the Biden administration is paying attention to. UH. 698 00:38:25,719 --> 00:38:28,359 Speaker 1: There's already been a number, a lot of eight that 699 00:38:28,400 --> 00:38:32,080 Speaker 1: has gone to Ukraine. Their discussions about more aid what 700 00:38:32,320 --> 00:38:35,080 Speaker 1: is needed. UH. The White House did acknowledge that it 701 00:38:35,120 --> 00:38:38,120 Speaker 1: can be difficult now to be getting weapons into Ukraine 702 00:38:38,200 --> 00:38:41,319 Speaker 1: because of the Russia invasion. There's a question of how 703 00:38:41,360 --> 00:38:43,560 Speaker 1: best to do that. There is also been to be 704 00:38:43,600 --> 00:38:47,160 Speaker 1: a focus on refugees from Ukraine. We heard White House 705 00:38:47,160 --> 00:38:50,239 Speaker 1: Press Secretary Jansaki yesterday say the U s would be 706 00:38:50,239 --> 00:38:53,560 Speaker 1: willing to take some refugees and to assist. You're also 707 00:38:53,680 --> 00:38:57,360 Speaker 1: hearing similar calls from lawmakers. UM, and this is all 708 00:38:57,400 --> 00:39:00,000 Speaker 1: I think, part of what's being discussed as far as 709 00:39:00,360 --> 00:39:03,560 Speaker 1: how much funding Ukraine needs at this point. We heard 710 00:39:03,600 --> 00:39:07,040 Speaker 1: earlier this week from lawmaker Barbara Lee. She's a top 711 00:39:07,120 --> 00:39:11,279 Speaker 1: lawmaker on the Spending Committee for Foreign Relations, and she 712 00:39:11,400 --> 00:39:14,839 Speaker 1: said that the administration had discussed giving up to one 713 00:39:14,920 --> 00:39:19,120 Speaker 1: billion dollars in humanitarian aid to Ukraine. So many reasons 714 00:39:19,120 --> 00:39:22,080 Speaker 1: to watch her developments out of the White House, including 715 00:39:22,120 --> 00:39:25,759 Speaker 1: the possibility of a Supreme Court announcement. Could we be 716 00:39:25,800 --> 00:39:29,279 Speaker 1: getting that today, Emily, Potentially yes. Uh. The White House 717 00:39:29,320 --> 00:39:32,279 Speaker 1: has promised that they'd make this announcement before the end 718 00:39:32,320 --> 00:39:35,400 Speaker 1: of February. UM, and there's a good chance we're seeing 719 00:39:35,400 --> 00:39:37,680 Speaker 1: some signs that that it might be today. Of course, 720 00:39:37,760 --> 00:39:41,480 Speaker 1: that depends on what is happening with Ukraine and Russia. UM. 721 00:39:41,560 --> 00:39:46,200 Speaker 1: But we know that President Biden has interviewed three potential candidates. UH. 722 00:39:46,239 --> 00:39:48,880 Speaker 1: One of them uh served the who's seen as the 723 00:39:48,880 --> 00:39:51,840 Speaker 1: front runner is Katangi Brown Jackson. She was a formal 724 00:39:51,920 --> 00:39:55,000 Speaker 1: clerk for Justice Brier UH and she was confirmed for 725 00:39:55,040 --> 00:39:57,480 Speaker 1: the DC Court of Appeals in June of last year 726 00:39:57,600 --> 00:40:00,160 Speaker 1: by the Senate and there were three Republicans who did 727 00:40:00,239 --> 00:40:03,800 Speaker 1: for her. That's something that Biden has kept in his calculations. 728 00:40:03,840 --> 00:40:06,600 Speaker 1: Who's going to be able to get that bipartisan support, 729 00:40:06,840 --> 00:40:09,360 Speaker 1: you know? Last minute here, Emily. We've had some developments 730 00:40:09,440 --> 00:40:12,719 Speaker 1: this morning as well with the January sixth investigation on 731 00:40:12,800 --> 00:40:15,360 Speaker 1: Capitol Hill. What's the latest there? So a couple of 732 00:40:15,400 --> 00:40:18,880 Speaker 1: different fronts there. Number one, we are seeing more resistance 733 00:40:18,960 --> 00:40:22,720 Speaker 1: from those the committee is trying to subpoena. Roger Stone 734 00:40:23,040 --> 00:40:27,080 Speaker 1: UH said that sued members of the House Committee who 735 00:40:27,080 --> 00:40:30,719 Speaker 1: have been asking him for details on what he was 736 00:40:30,760 --> 00:40:34,080 Speaker 1: doing that day, trying to get information from him. Uh. 737 00:40:34,160 --> 00:40:38,239 Speaker 1: He's joined a number of individuals who the committee has 738 00:40:38,360 --> 00:40:41,680 Speaker 1: looked to for information and to testify, who have tried 739 00:40:41,719 --> 00:40:45,560 Speaker 1: to block their efforts in doing so. We're also hearing 740 00:40:45,600 --> 00:40:49,680 Speaker 1: today UM that the National Archives, or rather the Congressional 741 00:40:49,719 --> 00:40:53,440 Speaker 1: Oversight Committee, is looking for additional documents from the National 742 00:40:53,560 --> 00:40:57,480 Speaker 1: Archives related to former President Donald Trump's handling of White 743 00:40:57,480 --> 00:41:00,880 Speaker 1: House records. We know that Trump took some records that 744 00:41:00,920 --> 00:41:04,120 Speaker 1: he shouldn't have with him down tomorrow more lago, and 745 00:41:04,160 --> 00:41:07,719 Speaker 1: now there's an investigation into what those documents were, uh, 746 00:41:07,760 --> 00:41:10,560 Speaker 1: and sort of trying to close the loop. They're making 747 00:41:10,600 --> 00:41:13,120 Speaker 1: sure that the National Archives has what they need and 748 00:41:13,160 --> 00:41:16,399 Speaker 1: that the Committee is able to access what they have 749 00:41:16,400 --> 00:41:18,719 Speaker 1: have legally been been able to to look at for 750 00:41:18,800 --> 00:41:22,759 Speaker 1: this investigation. Bloomberg Government's Emily Wilkins with us from Washington 751 00:41:22,920 --> 00:41:26,120 Speaker 1: this morning. Emily, thank you, Karen, all right, Thanks Nathan, 752 00:41:26,160 --> 00:41:28,560 Speaker 1: and at six and fifty six on Wall Street, this 753 00:41:28,640 --> 00:41:31,320 Speaker 1: is Bloomberg Day Break. February is Black History Month and 754 00:41:31,440 --> 00:41:34,480 Speaker 1: every day this month, we're celebrating significant moments in US 755 00:41:34,560 --> 00:41:37,880 Speaker 1: black history. Now with your installment for February, here is 756 00:41:37,880 --> 00:41:40,920 Speaker 1: Bloomberg's Ready Too Young On This day in Black History. 757 00:41:40,960 --> 00:41:44,399 Speaker 1: In eight seventy, Hiram Rhodes Revels is sworn in as 758 00:41:44,440 --> 00:41:48,520 Speaker 1: the first African American U S. Senator. He represented Mississippi. 759 00:41:48,840 --> 00:41:51,200 Speaker 1: His path to the U. S. Senate was not without 760 00:41:51,280 --> 00:41:56,520 Speaker 1: controversy and contradictions. Conservative Southern Democrats challenged his credentials. Sighting 761 00:41:56,520 --> 00:41:59,480 Speaker 1: the dread Scott decision. They claimed Rebels was not a 762 00:41:59,600 --> 00:42:02,480 Speaker 1: US is in for the required period of time nine years, 763 00:42:02,719 --> 00:42:06,120 Speaker 1: and therefore ineligible to hold office. Now. Although the Fourteenth 764 00:42:06,160 --> 00:42:09,759 Speaker 1: Amendment granted citizenship to all African Americans, it was only 765 00:42:09,800 --> 00:42:13,920 Speaker 1: adopted two years prior. Rebels came from a mixed race heritage, 766 00:42:14,000 --> 00:42:17,040 Speaker 1: and his supporters successfully argued that he had been a 767 00:42:17,080 --> 00:42:19,759 Speaker 1: citizen his entire life since he was not of pure 768 00:42:19,800 --> 00:42:23,360 Speaker 1: African ancestry, so the dread Scott decision did not apply 769 00:42:23,520 --> 00:42:26,360 Speaker 1: to him. After serving in the Senate, Revels became the 770 00:42:26,400 --> 00:42:30,440 Speaker 1: first president of what's now Alcorn State University. That's today 771 00:42:30,440 --> 00:42:35,120 Speaker 1: in Black history, I'm nied to young Bloomberg Radio. All right, Renia, 772 00:42:35,200 --> 00:42:38,680 Speaker 1: thank you again. Future is Lower this morning, and Bloomberg 773 00:42:38,760 --> 00:42:42,360 Speaker 1: Surveillance Straight Ahead with Tom King, Jonathan Faroe, and Alicia 774 00:42:42,440 --> 00:42:46,160 Speaker 1: of Ramowitz. For Nathan Hagar, I'm camerin Moscow and this 775 00:42:46,440 --> 00:42:47,080 Speaker 1: is Bloomberg