1 00:00:04,160 --> 00:00:06,840 Speaker 1: Live from the Bloomberg into Rap Day Brooker Studios is 2 00:00:06,920 --> 00:00:11,479 Speaker 1: his Bloomberg Daybreak for Friday, March four. Coming up this hour, 3 00:00:11,760 --> 00:00:16,280 Speaker 1: Russian forces occupy Europe's largest nuclear power plant. Stocks drop 4 00:00:16,360 --> 00:00:19,599 Speaker 1: as the war in Ukraine escalates, Commodities wrap up a 5 00:00:19,720 --> 00:00:22,880 Speaker 1: historic week as oil and metals soar, and investors look 6 00:00:22,920 --> 00:00:25,720 Speaker 1: ahead to the February jobs report. New York City Mayor 7 00:00:25,760 --> 00:00:28,639 Speaker 1: Adams could announce today he's in COVID restrictions, plus the 8 00:00:28,640 --> 00:00:32,640 Speaker 1: blowbat from Moscow's invasion in Ukraine hits Russian connected gas 9 00:00:32,640 --> 00:00:35,760 Speaker 1: stations in Newark. On Michael lar More Ahead, I'm John 10 00:00:35,800 --> 00:00:38,559 Speaker 1: Stas shown sports Kevin Durant returned to the next lineup. 11 00:00:38,560 --> 00:00:40,879 Speaker 1: They still lost to the heat in Brooklyn. The Islanders 12 00:00:40,880 --> 00:00:46,800 Speaker 1: lost the Vancouver That's all straight Ahead on Bloomberg Daybreak 13 00:00:47,040 --> 00:00:51,880 Speaker 1: on Bloomberg eleven, Trio, New York, Bloomberg one, Washington, d C, 14 00:00:52,280 --> 00:00:56,640 Speaker 1: Bloomberg one O six one, Boston, Bloomberg nine sixty, San Francisco, 15 00:00:57,000 --> 00:01:00,000 Speaker 1: Sirius x M one nine Team and around the world 16 00:01:00,000 --> 00:01:03,160 Speaker 1: Old on Bloomberg Radio dot Com and via the Bloomberg 17 00:01:03,200 --> 00:01:09,520 Speaker 1: Business Set. Good morning, I'm Nathan Hagar, and I'm far 18 00:01:09,640 --> 00:01:12,520 Speaker 1: in Moscow and us OFT index futures are falling this 19 00:01:12,600 --> 00:01:15,640 Speaker 1: morning as war risks intensify. We're coming up to six 20 00:01:15,680 --> 00:01:17,720 Speaker 1: o one on Wall Street, and we checked the markets 21 00:01:17,760 --> 00:01:20,680 Speaker 1: every fifteen minutes throughout the trading day. On Bloomberg, U 22 00:01:20,720 --> 00:01:23,440 Speaker 1: S and P future is down thirty five down, futures 23 00:01:23,480 --> 00:01:27,200 Speaker 1: down two hundred sixty four, nasdack futures down one hundred six. 24 00:01:27,480 --> 00:01:30,200 Speaker 1: The decks in Germany is down three point four percent. 25 00:01:30,280 --> 00:01:32,679 Speaker 1: The ten year treasury up nineteen thirty seconds. He had 26 00:01:32,720 --> 00:01:35,399 Speaker 1: one point seven seven percent, and they yield on the 27 00:01:35,440 --> 00:01:38,959 Speaker 1: two year at one point for seven percent. Nathan, all right, Karen, 28 00:01:38,959 --> 00:01:40,560 Speaker 1: we'll get back to markets in a minute. But the 29 00:01:40,600 --> 00:01:43,720 Speaker 1: stakes have been raised even higher in Russia's war with Ukraine. 30 00:01:43,800 --> 00:01:47,600 Speaker 1: Russian forces are now occupying Europe's largest nuclear plant after 31 00:01:47,680 --> 00:01:51,080 Speaker 1: shelling at the facility overnight sparked a fire. Ukrainian President 32 00:01:51,160 --> 00:01:55,120 Speaker 1: Vladimir z Linsky says Europe needs to wake up. If 33 00:01:55,160 --> 00:01:58,120 Speaker 1: there's an explosion, that's the end for everyone, the end 34 00:01:58,200 --> 00:02:01,600 Speaker 1: for Europe, the evacuation of your. Only urgent action by 35 00:02:01,640 --> 00:02:04,160 Speaker 1: Europe can stop the Russian troops do not allow the 36 00:02:04,200 --> 00:02:07,360 Speaker 1: death of Europe from a catastrophe at a nuclear power station. 37 00:02:07,520 --> 00:02:10,840 Speaker 1: President Zelinski is appealing to Russian President Vladimir Putin to 38 00:02:10,960 --> 00:02:13,079 Speaker 1: meet with him. Is the only way to stop the war. 39 00:02:13,320 --> 00:02:15,840 Speaker 1: Secretary of State Antony B. Lincoln says, the world stands 40 00:02:15,880 --> 00:02:18,920 Speaker 1: ready to assist Ukraine. We seek no conflict, but if 41 00:02:18,960 --> 00:02:22,120 Speaker 1: constantly comes to us, we're ready for it and we 42 00:02:22,160 --> 00:02:25,720 Speaker 1: will defend every inch spret NATO Territory. Secretary Blincoln is 43 00:02:25,760 --> 00:02:28,560 Speaker 1: meeting with NATO ministers in Brussels. The White House says 44 00:02:28,560 --> 00:02:31,240 Speaker 1: President Biden is being briefed on the situation, but right 45 00:02:31,240 --> 00:02:34,400 Speaker 1: now the US says it's not detecting elevated radiation levels 46 00:02:34,400 --> 00:02:37,239 Speaker 1: at the nuclear site. Meanwhile, Nathan, the rush to flee 47 00:02:37,320 --> 00:02:40,079 Speaker 1: Ukraine is for some very tough decisions for more than 48 00:02:40,120 --> 00:02:43,200 Speaker 1: a million people. On Bloomberg's Dead Bachelor has more over 49 00:02:43,240 --> 00:02:46,160 Speaker 1: a million people, with a forecast that possibly four million 50 00:02:46,240 --> 00:02:49,840 Speaker 1: more refugees, and El Shaker, the International Deputy Director of 51 00:02:49,840 --> 00:02:54,120 Speaker 1: Refugee International, tales Bloomberg families are being split up. Sometimes 52 00:02:54,120 --> 00:02:56,400 Speaker 1: if it's just a father puts this child on a 53 00:02:56,440 --> 00:02:59,200 Speaker 1: bus and here rise in Poland. The father may stay 54 00:02:59,240 --> 00:03:01,720 Speaker 1: to help. So on a company, children are arriving in 55 00:03:01,840 --> 00:03:05,000 Speaker 1: dainty extra protections, and some of these are only on 56 00:03:05,160 --> 00:03:09,680 Speaker 1: fourteen day temporary visas. In San Francisco. I'm at Baxter 57 00:03:09,760 --> 00:03:12,760 Speaker 1: Bloomberg daybreak. Okay, and thanks. As the US and allies 58 00:03:12,840 --> 00:03:15,680 Speaker 1: choke off investor demand for Russian assets, parts of Wall 59 00:03:15,720 --> 00:03:19,080 Speaker 1: Street are jumping on the buying opportunity. Sources say Goldman, 60 00:03:19,120 --> 00:03:21,919 Speaker 1: Sax and JP Morgan Chase have been purchasing beaten down 61 00:03:21,960 --> 00:03:25,080 Speaker 1: company bonds tide to Russia in recent days. Well, Nathan, 62 00:03:25,080 --> 00:03:27,760 Speaker 1: the Russian stock market remains closed while stocks and you're 63 00:03:27,800 --> 00:03:30,280 Speaker 1: a plunge over the latest developments in Ukraine, and we 64 00:03:30,360 --> 00:03:32,120 Speaker 1: go live to London and get the latest with the 65 00:03:32,120 --> 00:03:36,200 Speaker 1: Bloomberg's Max Ramsey Max. Morning to you, Karen and Nathan. 66 00:03:36,240 --> 00:03:38,800 Speaker 1: Another day of losses in Europe. The price action is 67 00:03:38,840 --> 00:03:41,760 Speaker 1: pretty punishing across the continents. Day the stock six hundred 68 00:03:42,200 --> 00:03:44,520 Speaker 1: two point nine percent, the foot See one hundred down 69 00:03:44,640 --> 00:03:47,600 Speaker 1: three percent, and the docks in Germany leads losses down 70 00:03:47,760 --> 00:03:50,119 Speaker 1: three point seven percent. We see this risk off move 71 00:03:50,360 --> 00:03:53,200 Speaker 1: in bond markets as well. The German tenure bun yield 72 00:03:53,320 --> 00:03:56,480 Speaker 1: folding five basis points negative point oh three percent. The 73 00:03:56,520 --> 00:03:59,400 Speaker 1: yield there as you mentioned the Russian stock market remains 74 00:03:59,440 --> 00:04:02,680 Speaker 1: shut and stay so until at least Wednesday. It's a 75 00:04:02,720 --> 00:04:05,760 Speaker 1: record in the country's modern history. They're looking to safeguard 76 00:04:05,760 --> 00:04:09,720 Speaker 1: domestic investors from the effects of these sanctions. Life from London, 77 00:04:09,760 --> 00:04:12,320 Speaker 1: Max Ramsey, Bloomberg daybreak. All right, Max. We also saw 78 00:04:12,360 --> 00:04:15,240 Speaker 1: losses in Asia overnight. Let's get that recamp from Bloomberg's 79 00:04:15,280 --> 00:04:18,279 Speaker 1: Juliet Sally In Singapore, Good morning, Juliet, Good morning, Nathan 80 00:04:18,279 --> 00:04:20,800 Speaker 1: and Karen. The MSCI Asia Pacific Index fell to a 81 00:04:20,839 --> 00:04:23,800 Speaker 1: fresh sixteen month loyal weighed down by losses in Japan 82 00:04:23,839 --> 00:04:26,480 Speaker 1: and Hong Kong, thenicate to to five paired earlier losses 83 00:04:26,480 --> 00:04:28,560 Speaker 1: of as much as three percent. It closed lower by 84 00:04:28,560 --> 00:04:32,120 Speaker 1: two point two percent. In Tokyo. Chinese tech players were dumped, 85 00:04:32,160 --> 00:04:34,360 Speaker 1: with an index of tex sharres listed in Hong Kong 86 00:04:34,560 --> 00:04:38,039 Speaker 1: falling to its lowest since inception, and the h Shares 87 00:04:38,120 --> 00:04:41,000 Speaker 1: index is trading near six year loan. Over the course 88 00:04:41,000 --> 00:04:43,279 Speaker 1: of the week, the ms CI Asia Pacific Index fell 89 00:04:43,320 --> 00:04:45,440 Speaker 1: by as much as one point eight percent. It's third 90 00:04:45,560 --> 00:04:50,039 Speaker 1: weekly loss in Singapore. Juliet Sally Bloomberg dead break, All right, thanks, Juliette. 91 00:04:50,040 --> 00:04:53,040 Speaker 1: Commodities are wrapping up a historic week as Russia's invasion 92 00:04:53,040 --> 00:04:55,600 Speaker 1: of Ukraine royals markets. We get the latest life from 93 00:04:55,600 --> 00:04:58,279 Speaker 1: Bloomberg's rere need a Young, Good morning, Ready down, Good morning, Karen. 94 00:04:58,360 --> 00:05:02,000 Speaker 1: Soaring commodities prices and crude to aluminum and wheat are 95 00:05:02,080 --> 00:05:06,960 Speaker 1: adding to hot inflationary pressures that's hurting consumers and fueling 96 00:05:06,960 --> 00:05:10,400 Speaker 1: concerns over an economic slowdown. As a result, the Bloomberg 97 00:05:10,400 --> 00:05:13,880 Speaker 1: Commodity Spot Index has rallied more than nine percent this week. 98 00:05:14,279 --> 00:05:17,680 Speaker 1: Oil is heading for its biggest weekly surgeon almost two years. 99 00:05:17,960 --> 00:05:20,800 Speaker 1: Brent crude which is almost it almost hit a hundred 100 00:05:20,800 --> 00:05:23,599 Speaker 1: twenty dollars yesterday. It's now trading at just over a 101 00:05:23,640 --> 00:05:27,520 Speaker 1: hundred and twelve dollars a barrel. Prices for wheat, aluminum, nickel, 102 00:05:27,560 --> 00:05:30,919 Speaker 1: and crude are all expected to continue rising. Live in 103 00:05:30,960 --> 00:05:34,200 Speaker 1: New York. I'm Renita Young Bloomberg day break right, Renita. Thanks. 104 00:05:34,200 --> 00:05:37,440 Speaker 1: Despite the surgeon oil prices and the Russian invasion of Ukraine, 105 00:05:37,440 --> 00:05:40,159 Speaker 1: Fed Chair j Palace sticking to plans to raise raids 106 00:05:40,200 --> 00:05:43,520 Speaker 1: beginning later this month. I would be recommending and supporting 107 00:05:44,160 --> 00:05:47,400 Speaker 1: a one quarter of one percent interest rate increase at 108 00:05:47,400 --> 00:05:50,440 Speaker 1: our March meeting. If we don't see inflation behaving as 109 00:05:50,440 --> 00:05:52,840 Speaker 1: we expected to behave, which is to peek and begin 110 00:05:52,920 --> 00:05:55,679 Speaker 1: to come down. If we see inflation behaving in ways 111 00:05:55,720 --> 00:05:58,720 Speaker 1: not consistent with that, then we're prepared to raise my 112 00:05:58,839 --> 00:06:01,640 Speaker 1: more than that amount in a meeting or meetings, FED 113 00:06:01,760 --> 00:06:04,240 Speaker 1: Chair j Pow reiterated the rate hike plan during two 114 00:06:04,279 --> 00:06:07,440 Speaker 1: days of congressional testimony. The FEDS two day Policy Meeting 115 00:06:07,480 --> 00:06:10,919 Speaker 1: begins March fift Well, Nathan. The feds next major economic 116 00:06:11,000 --> 00:06:13,120 Speaker 1: data point comes later this morning with the release of 117 00:06:13,120 --> 00:06:14,920 Speaker 1: the February Jobs Are Poor and Are We get a 118 00:06:14,960 --> 00:06:18,320 Speaker 1: preview from Bloomberg's Michael McKee. The consensus is that as 119 00:06:18,320 --> 00:06:22,280 Speaker 1: the O Macron COVID variant faded in February, hiring probably 120 00:06:22,320 --> 00:06:25,880 Speaker 1: picked up and was forecast another large gaining jobs restored 121 00:06:26,000 --> 00:06:28,839 Speaker 1: and a drop in the unemployment rate back below four percent. 122 00:06:29,160 --> 00:06:31,480 Speaker 1: Although the Russian War will cap the impact of this 123 00:06:31,600 --> 00:06:34,839 Speaker 1: employment report, Federal Reserve officials will be interested in the 124 00:06:34,839 --> 00:06:37,800 Speaker 1: strength of hourly earnings as they watch for signs high 125 00:06:37,839 --> 00:06:41,520 Speaker 1: inflation may be becoming embedded in the economy. The FED 126 00:06:41,680 --> 00:06:44,520 Speaker 1: is also interested in the labor force participation rate, how 127 00:06:44,520 --> 00:06:46,960 Speaker 1: many people are out looking for a job this week. 128 00:06:47,040 --> 00:06:50,520 Speaker 1: Chairman J Powell told Congress policymakers don't know why so 129 00:06:50,560 --> 00:06:53,279 Speaker 1: many people are staying home, but he expressed hope that 130 00:06:53,360 --> 00:06:58,200 Speaker 1: hiring will pick up as COVID eases. Michael McKee Bloomberg Daybreak. Okay, Mike, 131 00:06:58,240 --> 00:07:01,240 Speaker 1: thanks SMP futures down thirty five points down, futures down 132 00:07:01,240 --> 00:07:03,479 Speaker 1: two d sixty eight and astack futures lower by a 133 00:07:03,520 --> 00:07:06,240 Speaker 1: hundred points. The tenure treasury of eighteen thirty seconds, the 134 00:07:06,279 --> 00:07:09,600 Speaker 1: yield one point seven seven. NIMEX screwed up two point 135 00:07:09,640 --> 00:07:12,840 Speaker 1: two hundred ten dollars eight cents of barrel the euro 136 00:07:12,920 --> 00:07:16,360 Speaker 1: at one ten to the dollar. Straight ahead your latest 137 00:07:16,400 --> 00:07:19,200 Speaker 1: local headlines in the check of sports. This is Bloomberg 138 00:07:23,160 --> 00:07:25,360 Speaker 1: Sounds six o seven on Wall Street where twenty one 139 00:07:25,400 --> 00:07:28,320 Speaker 1: degrees in Central Park, A boy the FDR drive a 140 00:07:28,440 --> 00:07:33,239 Speaker 1: vehicle fire on the northbound side as UH, causing serious delays. 141 00:07:33,320 --> 00:07:35,160 Speaker 1: Michael Barr has more on what's going on in New 142 00:07:35,200 --> 00:07:37,840 Speaker 1: York and around the world. Michael, thank you very much. Nathan. 143 00:07:37,840 --> 00:07:39,680 Speaker 1: This could be a big day in New York City's 144 00:07:39,720 --> 00:07:43,600 Speaker 1: progress against COVID. Nineteen Mayor Eric Adams could announce as 145 00:07:43,600 --> 00:07:47,080 Speaker 1: soon as today to lift mask mandates and schools and 146 00:07:47,200 --> 00:07:52,600 Speaker 1: vaccination requirements and restaurants, bars, and theaters, while infections, hospitalizations, 147 00:07:52,640 --> 00:07:56,720 Speaker 1: and deaths continue to move Adams, it could signal a 148 00:07:56,840 --> 00:07:59,640 Speaker 1: turning point in the pandemic to a return to normalcy 149 00:07:59,720 --> 00:08:03,000 Speaker 1: if he makes the decision today. Meanwhile, New York City's 150 00:08:03,040 --> 00:08:07,000 Speaker 1: Health Department says COVID hospitalizations saw the biggest racial gap 151 00:08:07,120 --> 00:08:10,760 Speaker 1: during O Macron. Black New Yorkers were hospitalized at two 152 00:08:10,760 --> 00:08:13,360 Speaker 1: times the rate of White New Yorkers during the winter 153 00:08:13,440 --> 00:08:16,840 Speaker 1: O Macron surge. Gas prices have shot up across the 154 00:08:16,880 --> 00:08:20,440 Speaker 1: country due in large part to the Russian invasion of Ukraine. 155 00:08:20,880 --> 00:08:24,080 Speaker 1: It's causing a sharp rise in oil prices in North Carolina. 156 00:08:24,120 --> 00:08:27,120 Speaker 1: For example, the price of a gallon of regular at 157 00:08:27,160 --> 00:08:29,720 Speaker 1: an Exxon gas station and Raleigh had closed to four 158 00:08:29,720 --> 00:08:33,920 Speaker 1: dollars twenty cents. This Raley mom says even their teenagers 159 00:08:33,920 --> 00:08:37,160 Speaker 1: are feeling the pinch. I have kids that just started driving, 160 00:08:37,240 --> 00:08:39,840 Speaker 1: and I know that their love and the experience, but 161 00:08:39,960 --> 00:08:46,920 Speaker 1: even they are completely overwhelmed by the end of their paycheck. 162 00:08:47,200 --> 00:08:49,720 Speaker 1: You know, how do I get back and forth to work. 163 00:08:50,600 --> 00:08:54,479 Speaker 1: Los Angeles is now averaging more than five dollars outraged 164 00:08:54,520 --> 00:08:57,560 Speaker 1: by the invasion of Ukraine, lawmakers in New Jersey's largest 165 00:08:57,559 --> 00:09:01,120 Speaker 1: city took aim at the Russian franchise loo Oyal Gas Stations. 166 00:09:01,559 --> 00:09:04,600 Speaker 1: The New York City Council voted unanimously to suspend the 167 00:09:04,600 --> 00:09:09,040 Speaker 1: service stations operating licenses, citing Luke Oil's base in Moscow. However, 168 00:09:09,360 --> 00:09:13,040 Speaker 1: the stations are franchises owned by locals, not Russians, and 169 00:09:13,120 --> 00:09:17,559 Speaker 1: they employ mostly New Jersey residents. President Biden's signed bipartisan 170 00:09:17,679 --> 00:09:21,240 Speaker 1: legislation that prohibits the use of forest arbitration and sexual 171 00:09:21,280 --> 00:09:25,439 Speaker 1: assault and harassment claims in the workplace. President Biden says 172 00:09:25,440 --> 00:09:29,240 Speaker 1: the Forest Arbitration of Sexual Assault and Harassment Act ends 173 00:09:29,280 --> 00:09:33,160 Speaker 1: a secretive practice that is often used to shield perpetrators 174 00:09:33,200 --> 00:09:36,120 Speaker 1: from full and public accountability. There will be cases where 175 00:09:36,160 --> 00:09:40,319 Speaker 1: victims want their claims resolved in private, but some survivors 176 00:09:40,320 --> 00:09:43,000 Speaker 1: will want their day in court, and that should be 177 00:09:43,440 --> 00:09:46,920 Speaker 1: their choice and nobody else's church. The President says. The 178 00:09:46,920 --> 00:09:51,119 Speaker 1: new law profoundly changes the way businesses handles sexual abuse allegations. 179 00:09:51,400 --> 00:09:54,040 Speaker 1: Global News twenty four hours a day on air and 180 00:09:54,200 --> 00:09:57,040 Speaker 1: on Bloomberg quick Take, powered by more than twenty seven 181 00:09:57,120 --> 00:10:00,160 Speaker 1: under journalist and analyist more than twenty countries. Michael bar 182 00:10:00,280 --> 00:10:07,000 Speaker 1: this is Bloomberg NA. Okay, Michael, thank you. We're coming 183 00:10:07,080 --> 00:10:08,520 Speaker 1: up to six ten on Wall Street. Time for the 184 00:10:08,520 --> 00:10:11,640 Speaker 1: Bloomberg Sports Update with John Sesshire. Thanks Nathan, welcome back. 185 00:10:11,720 --> 00:10:14,360 Speaker 1: Kevin Durant, first game for the Nets after missing twenty 186 00:10:14,360 --> 00:10:17,000 Speaker 1: one with an injury. Same old Katie. Thirty one points 187 00:10:17,000 --> 00:10:19,280 Speaker 1: in thirty five minutes, but the Nets lost at Park 188 00:10:19,360 --> 00:10:22,160 Speaker 1: least to East lead. In Miami one thirteen one o seven. 189 00:10:22,240 --> 00:10:24,360 Speaker 1: The Heat were coming off a blown lead a one 190 00:10:24,400 --> 00:10:26,800 Speaker 1: point lost the night before. In Milwaukee. They gave three 191 00:10:26,840 --> 00:10:29,720 Speaker 1: starters the night off, but Bam out of Bio played 192 00:10:29,760 --> 00:10:32,160 Speaker 1: He scored thirty and the Nets have now lost sixteen 193 00:10:32,240 --> 00:10:34,640 Speaker 1: of their last nineteen to drop down to five hundred. 194 00:10:34,679 --> 00:10:37,959 Speaker 1: They played Sunday in Boston. The Celtics just beating Memphis. 195 00:10:37,960 --> 00:10:41,600 Speaker 1: They've won thirteen of fifteen. The Knicks like the Nets, 196 00:10:41,679 --> 00:10:44,400 Speaker 1: losers of sixteen the last nineteen, and talk about it 197 00:10:44,640 --> 00:10:47,160 Speaker 1: not getting any easier. Next to night in Phoenix, the 198 00:10:47,200 --> 00:10:49,839 Speaker 1: Sons are an NBA best fifty and twelve at the 199 00:10:49,920 --> 00:10:52,920 Speaker 1: ub S Arena. Islanders had a third period lead Vancouver 200 00:10:53,080 --> 00:10:55,680 Speaker 1: two goals forty five seconds apart midways to the third. 201 00:10:55,920 --> 00:10:58,000 Speaker 1: The Canucks won four to three, so they went two 202 00:10:58,000 --> 00:11:00,400 Speaker 1: and one on their tour. Of the three New York 203 00:11:00,440 --> 00:11:02,319 Speaker 1: Area teams, the Isles have now lost eight of the 204 00:11:02,400 --> 00:11:05,680 Speaker 1: last eleven college It's rare loss for Iona in Riverdale, 205 00:11:05,760 --> 00:11:09,080 Speaker 1: Manhattan's forward for the second left one by two. Iona 206 00:11:09,480 --> 00:11:12,120 Speaker 1: has dominated the mat but needs to win the upcoming 207 00:11:12,160 --> 00:11:14,960 Speaker 1: conference tournament to gain entry to the MT Double A. 208 00:11:15,080 --> 00:11:18,080 Speaker 1: The big college basketball story is the game tomorrow North 209 00:11:18,080 --> 00:11:21,520 Speaker 1: Carolina at Duke Final, long game for Duke's legendary coach. 210 00:11:21,640 --> 00:11:24,559 Speaker 1: Like I've tried never to look in the past too 211 00:11:24,640 --> 00:11:30,880 Speaker 1: much or or in the future, but you know a 212 00:11:30,880 --> 00:11:36,839 Speaker 1: little bit of thinking yesterday your last game in camera? Right, 213 00:11:38,280 --> 00:11:41,800 Speaker 1: It's crazy, you know, how how did that happen? Coach 214 00:11:41,840 --> 00:11:44,320 Speaker 1: the Duke for forty two years, most wins and into 215 00:11:44,320 --> 00:11:48,000 Speaker 1: double A history, John Stay actually were Bloomberg Sports, Thanks John. 216 00:11:48,320 --> 00:11:51,079 Speaker 1: Sp Futures down down thirty four points down. Futures down 217 00:11:51,120 --> 00:11:54,480 Speaker 1: two undred sixty six. Dan stack futures are lower by 218 00:11:54,559 --> 00:11:57,839 Speaker 1: ninety three points. The tenure treasury yield one point seven 219 00:11:57,960 --> 00:12:00,559 Speaker 1: seven percent. The euro now one points your own nine 220 00:12:00,720 --> 00:12:04,240 Speaker 1: nine five against the dollar, lowest level since May This 221 00:12:04,559 --> 00:12:10,600 Speaker 1: is Bloomberg. Bloomberg Daybreak, brought to you by Audie. Don't 222 00:12:10,640 --> 00:12:12,959 Speaker 1: let someone else drive off in the outie model you've 223 00:12:13,000 --> 00:12:15,760 Speaker 1: always wanted. Visit a try state autie healer to get 224 00:12:15,760 --> 00:12:23,760 Speaker 1: behind the wheel of yours. Today, Markets headlines and breaking 225 00:12:23,800 --> 00:12:26,680 Speaker 1: news twenty four hours a day at Bloomberg dot Com, 226 00:12:26,800 --> 00:12:30,319 Speaker 1: the Bloomberg Business Outland at Bloomberg Quick Tape. This is 227 00:12:30,360 --> 00:12:39,760 Speaker 1: a Bloomberg Business Flash and I'm parrot. Moscow stocks are 228 00:12:39,760 --> 00:12:42,600 Speaker 1: falling along with US stock index futures this morning as 229 00:12:42,640 --> 00:12:46,120 Speaker 1: war risks in tensify after a Ukrainian nuclear power plant 230 00:12:46,160 --> 00:12:49,319 Speaker 1: briefly caught fire. We checked the markets every fifteen minutes 231 00:12:49,320 --> 00:12:51,800 Speaker 1: throughout the trading day on Bloomberg Right Now. S and 232 00:12:51,840 --> 00:12:55,120 Speaker 1: P futures down forty points down, futures down three hundred 233 00:12:55,120 --> 00:12:59,000 Speaker 1: eight nasdack futures down one twenty two. The decks in 234 00:12:59,080 --> 00:13:01,920 Speaker 1: Germany is down three point six per cent. The ten 235 00:13:01,960 --> 00:13:04,400 Speaker 1: year treasury of eighteen thirty seconds he had one point 236 00:13:04,400 --> 00:13:06,880 Speaker 1: seven seven per cent. They yield on the two year 237 00:13:06,960 --> 00:13:09,920 Speaker 1: one point four nine percent. Nine meg Screwed oil is 238 00:13:10,000 --> 00:13:12,160 Speaker 1: up to per cent, up two dollars nineteen cents and 239 00:13:12,200 --> 00:13:15,120 Speaker 1: a hundred nine dollars eighty seven eighty seven cents of 240 00:13:15,200 --> 00:13:17,880 Speaker 1: barrel comes. Gold is up seven tenths per cent, or 241 00:13:17,880 --> 00:13:20,920 Speaker 1: thirty dollars forty cents at nineteen forty nine fifty announced. 242 00:13:21,160 --> 00:13:24,320 Speaker 1: The euro one five against the dollar, British pound one 243 00:13:24,360 --> 00:13:26,640 Speaker 1: point three two nine six, the yen is at one 244 00:13:26,720 --> 00:13:30,559 Speaker 1: fifteen point three five and checking nitcoin this morning lower 245 00:13:30,640 --> 00:13:33,120 Speaker 1: down one point one percent. It's at forty one thousand, 246 00:13:33,160 --> 00:13:35,920 Speaker 1: six hundred thirty dollars. And today, of course we're watching 247 00:13:35,960 --> 00:13:37,760 Speaker 1: for the February jobs are for it. It's at eight 248 00:13:37,800 --> 00:13:40,600 Speaker 1: thirty Wall Street time. That's a Bloomberg business flash. Now 249 00:13:40,600 --> 00:13:43,120 Speaker 1: here's Michael Barr with Laura Unless going on around the world. 250 00:13:43,160 --> 00:13:46,599 Speaker 1: Michael Darren, thank you very much. Ukrainian authorities say a 251 00:13:46,720 --> 00:13:50,480 Speaker 1: fivere at Europe's biggest nuclear plan, ignited by Russian shelling, 252 00:13:50,920 --> 00:13:54,199 Speaker 1: has been extinguished and that Russian forces have taken control 253 00:13:54,240 --> 00:13:58,640 Speaker 1: of the site. Ukraine State Nuclear Regulator says so far 254 00:13:58,800 --> 00:14:02,280 Speaker 1: no changes in ready Asian levels have been recorded. Donald 255 00:14:02,320 --> 00:14:05,720 Speaker 1: Trump Junior's fiancee has been subpoena to test VI before 256 00:14:05,800 --> 00:14:09,959 Speaker 1: the House January sixth committee. The subpoenist says Kimberly Gilfoyle 257 00:14:10,080 --> 00:14:12,480 Speaker 1: met with Donald Trump at the White House, spoke at 258 00:14:12,520 --> 00:14:17,040 Speaker 1: the rally before the January six riot, and helped organize 259 00:14:17,080 --> 00:14:20,120 Speaker 1: and raise money for the event. In the NBA, the 260 00:14:20,200 --> 00:14:23,080 Speaker 1: Nets and Warriors lost, the Celtics won. In the NHL, 261 00:14:23,200 --> 00:14:26,920 Speaker 1: the Islanders lost, the Bruins and Capitals won. Global News 262 00:14:26,960 --> 00:14:30,240 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 263 00:14:30,440 --> 00:14:33,360 Speaker 1: powered by more than twenty seven under journalists and analyst 264 00:14:33,480 --> 00:14:35,720 Speaker 1: more than a hundred twenty countries. I'm Michael bar This 265 00:14:35,720 --> 00:14:38,400 Speaker 1: is Bloomberg Nathan. Thanks Michael. At six nineteen on Wall 266 00:14:38,400 --> 00:14:41,160 Speaker 1: Street Life from the Bloomberg Intractive Brokers Studios. This is 267 00:14:41,160 --> 00:14:44,200 Speaker 1: Bloomberg Daybreak as we continue to monitor developments around the 268 00:14:44,200 --> 00:14:46,240 Speaker 1: war in Ukraine. Were very pleased to be joined this 269 00:14:46,280 --> 00:14:49,160 Speaker 1: morning by Andy Blocker. He's the global head of Public Policy, 270 00:14:49,400 --> 00:14:52,360 Speaker 1: head of US Government Affairs at Investco. Andy, it's great 271 00:14:52,400 --> 00:14:54,840 Speaker 1: to speak with you again this morning as we watch 272 00:14:55,200 --> 00:14:58,800 Speaker 1: NATO ministers meeting in Brussels right now, just to get 273 00:14:58,880 --> 00:15:02,040 Speaker 1: our listeners up to be the United Kingdoms Foreign Minister 274 00:15:02,160 --> 00:15:05,000 Speaker 1: is now calling for an urgent U n Security Council 275 00:15:05,040 --> 00:15:09,320 Speaker 1: meeting after the shelling of the nuclear plant in Ukraine, 276 00:15:09,320 --> 00:15:14,200 Speaker 1: Europe's largest nuclear facility. Does this attack change the way 277 00:15:14,360 --> 00:15:19,360 Speaker 1: the US and Europe approach Russia in this war? Well, 278 00:15:19,440 --> 00:15:23,160 Speaker 1: they didn't. Look, the US and the Europe have really 279 00:15:23,160 --> 00:15:26,280 Speaker 1: been very very strong up to this point and ratcheting 280 00:15:26,400 --> 00:15:28,600 Speaker 1: up sanctions to a level that at the beginning of 281 00:15:28,600 --> 00:15:31,920 Speaker 1: this didn't think they would do, with some banks being 282 00:15:31,960 --> 00:15:35,240 Speaker 1: denied access to swift with the Russian Central Bank, even 283 00:15:35,240 --> 00:15:39,280 Speaker 1: Switzerland joining in given their neutrality. So yes, they've done 284 00:15:39,280 --> 00:15:41,960 Speaker 1: a lot until now, But I don't think this particular 285 00:15:42,040 --> 00:15:44,800 Speaker 1: incident will change what the US is doing. I mean, 286 00:15:44,800 --> 00:15:47,960 Speaker 1: you saw the US doing um all of darts as 287 00:15:48,040 --> 00:15:51,720 Speaker 1: far as going after them and considering other options like 288 00:15:51,720 --> 00:15:54,160 Speaker 1: oil and gas, which the administrations about for now, But 289 00:15:54,200 --> 00:15:56,520 Speaker 1: so that incident will not in them itself. Do I 290 00:15:56,520 --> 00:16:01,000 Speaker 1: think we're ratching up regardless pushback a bit. You mentioned 291 00:16:01,000 --> 00:16:04,800 Speaker 1: the oil and gas still not under sanctioned. There are 292 00:16:04,920 --> 00:16:08,000 Speaker 1: quite a few observers who say that the US and 293 00:16:08,040 --> 00:16:11,560 Speaker 1: Europe should be targeting Russia's oil and gas to cut 294 00:16:11,600 --> 00:16:14,480 Speaker 1: off financing of the war even further. What would it 295 00:16:14,520 --> 00:16:17,600 Speaker 1: take to get the allies to make that step? Is 296 00:16:17,600 --> 00:16:21,040 Speaker 1: it a step that should be taken? So on that. 297 00:16:21,200 --> 00:16:24,840 Speaker 1: I think the whole back there is that right now 298 00:16:24,960 --> 00:16:26,880 Speaker 1: Europe is not willing to go that far. I mean, 299 00:16:27,000 --> 00:16:29,240 Speaker 1: as you know, Europe is much more reliant on Russian 300 00:16:29,400 --> 00:16:32,480 Speaker 1: oil and gas than the US. I think it's reliance 301 00:16:32,520 --> 00:16:34,960 Speaker 1: on Russian oil and forty percent reliance on Russian gas 302 00:16:34,960 --> 00:16:37,200 Speaker 1: in Europe were much smaller. I think it's four to 303 00:16:37,280 --> 00:16:40,400 Speaker 1: five percent in the US. It's actually a possibility. I mean, 304 00:16:40,680 --> 00:16:43,320 Speaker 1: not only Center Mansion and Republicans in favor of banning 305 00:16:43,600 --> 00:16:47,000 Speaker 1: Russian oil, but Speaker Pelosi's made comments. So that is 306 00:16:47,040 --> 00:16:49,800 Speaker 1: a lot of pressures of administrations holding back right now 307 00:16:50,080 --> 00:16:52,440 Speaker 1: and the resisting this mostly because they don't want to 308 00:16:52,480 --> 00:16:55,920 Speaker 1: do anything that will exacerbate an already tenuous inflation situation. 309 00:16:56,280 --> 00:16:58,920 Speaker 1: So that remains to be seen how that goes. It 310 00:16:59,040 --> 00:17:01,720 Speaker 1: may take an access Congress to push the administration in 311 00:17:01,760 --> 00:17:05,160 Speaker 1: that direction. There's some pressure on the administration I think 312 00:17:05,200 --> 00:17:08,160 Speaker 1: to consider boosting domestic production. Is that is there any 313 00:17:08,200 --> 00:17:12,360 Speaker 1: appetite at the White House to do that? I think 314 00:17:12,400 --> 00:17:15,080 Speaker 1: on some level there would be some um. I think 315 00:17:15,560 --> 00:17:19,680 Speaker 1: Senator Mansion's proposal is to to ban Russian oil while 316 00:17:19,760 --> 00:17:23,000 Speaker 1: also increase in production of oil, gas, and coal along 317 00:17:23,040 --> 00:17:26,640 Speaker 1: with clean energy. Um. I'm not sure how environmentalists will 318 00:17:26,640 --> 00:17:30,720 Speaker 1: look at that, but that's the debate right now. Are 319 00:17:30,760 --> 00:17:33,800 Speaker 1: there off ramps for President putin that you can see 320 00:17:33,880 --> 00:17:37,280 Speaker 1: right now? What effect are the sanctions having at this 321 00:17:37,320 --> 00:17:41,000 Speaker 1: point the targeting of not just the banks but the 322 00:17:41,040 --> 00:17:46,480 Speaker 1: oligarchs right now, So that's the big question, Nathan, Um, 323 00:17:46,520 --> 00:17:48,720 Speaker 1: what is his off ramp I think his conversation with 324 00:17:48,800 --> 00:17:53,440 Speaker 1: Macron yesterday is disheartening for those who think he's gonna 325 00:17:54,080 --> 00:17:56,560 Speaker 1: back down. He's saying we're moving full steam ahead. And 326 00:17:56,560 --> 00:17:58,960 Speaker 1: I think this is going to be a long, bloody 327 00:17:59,040 --> 00:18:01,840 Speaker 1: siege and war with Ukraine. So if he goes down 328 00:18:01,840 --> 00:18:03,280 Speaker 1: that path to you know, that path, there is no 329 00:18:03,359 --> 00:18:07,000 Speaker 1: offer ramp Um. And I think the Russian people ultimately 330 00:18:07,040 --> 00:18:10,359 Speaker 1: are going to suffer. They've already suffered greatly with some 331 00:18:10,440 --> 00:18:12,720 Speaker 1: of the Central Bank and the and the bank fensions 332 00:18:12,840 --> 00:18:16,440 Speaker 1: and Um, so I think it gets worse before it 333 00:18:16,440 --> 00:18:19,200 Speaker 1: gets better. I wanted to ask you a little bit further, 334 00:18:19,280 --> 00:18:22,960 Speaker 1: what does the targeting the the at least the shelling 335 00:18:23,480 --> 00:18:28,160 Speaker 1: of large nuclear sights now in Ukraine tell you about 336 00:18:28,160 --> 00:18:31,560 Speaker 1: where this war could be going, what Russia's strategy could 337 00:18:31,560 --> 00:18:38,760 Speaker 1: be Um, this is Russia's going after the infrastructure of 338 00:18:38,760 --> 00:18:41,800 Speaker 1: of Ukraine. They're gonna do it's it's almost a siege 339 00:18:42,080 --> 00:18:46,240 Speaker 1: UM type approach where they're just gonna wait them out 340 00:18:46,320 --> 00:18:49,120 Speaker 1: and just pretty much destroy the country. So I think 341 00:18:49,160 --> 00:18:52,960 Speaker 1: they're they're they're trying to take over every UM central, 342 00:18:53,320 --> 00:18:56,119 Speaker 1: whether it's energy with it's communications, everything. They're trying to 343 00:18:56,160 --> 00:19:00,000 Speaker 1: do everything they can to debilitate the country and UM. 344 00:19:00,119 --> 00:19:04,040 Speaker 1: It's it's interesting that at one point Plutin can say, hey, 345 00:19:04,200 --> 00:19:06,719 Speaker 1: U trainings are Russians, yet he would he would do 346 00:19:06,760 --> 00:19:10,040 Speaker 1: all of this UM horrific things in the country. About 347 00:19:10,040 --> 00:19:12,840 Speaker 1: thirty seconds left. Is there anything further that you can 348 00:19:12,880 --> 00:19:14,960 Speaker 1: see that the allies in the US can do right 349 00:19:15,000 --> 00:19:18,840 Speaker 1: now to help Ukrane, Well, they are doing a lot 350 00:19:18,880 --> 00:19:22,280 Speaker 1: as far as helping them UM with parmaments. You've seen 351 00:19:22,359 --> 00:19:25,879 Speaker 1: Germany reverse on its long staying policy of banning the 352 00:19:25,960 --> 00:19:28,800 Speaker 1: export of weapons into the CONFLI zone. You see Sweden 353 00:19:28,840 --> 00:19:30,720 Speaker 1: as well come in and do the same thing as 354 00:19:30,720 --> 00:19:32,719 Speaker 1: well as the EU. So they're doing what they can. 355 00:19:32,800 --> 00:19:36,159 Speaker 1: The US is sharing intelligence to help them UM, and 356 00:19:36,160 --> 00:19:40,399 Speaker 1: there's humanitarian aid. But as far as reversal of this 357 00:19:40,760 --> 00:19:44,240 Speaker 1: UM slow march is taken over a Ukraine that's really unputin. 358 00:19:44,280 --> 00:19:47,080 Speaker 1: At this point, I think I'm not sure that Ukraine 359 00:19:47,160 --> 00:19:49,720 Speaker 1: can hold them off in the long term. Andy Blocker, 360 00:19:49,920 --> 00:19:52,159 Speaker 1: thank you for your insights. Andy Blocker's head of Global 361 00:19:52,200 --> 00:19:57,679 Speaker 1: Public Policy, head of US Government Affairs at Investco. Future 362 00:19:57,720 --> 00:20:08,000 Speaker 1: is moving lower. You're listening to Bloomberg day Break Bloomberg 363 00:20:08,040 --> 00:20:10,720 Speaker 1: eleven three oh weather. Sunshine up for thirties today, clouds 364 00:20:10,800 --> 00:20:14,800 Speaker 1: end upper forties tomorrow, Scattered showers, Breezy and mild for Sunday, 365 00:20:14,800 --> 00:20:17,760 Speaker 1: with a high near sixty five degrees. Right now twenty 366 00:20:17,840 --> 00:20:24,919 Speaker 1: one in Central Park, broadcasting live from the Bloomberg Interactive 367 00:20:24,960 --> 00:20:28,840 Speaker 1: Broker Studio in New York, Bloomberg Eving FO to Washington, 368 00:20:28,920 --> 00:20:33,000 Speaker 1: d C, Bloomberg to Boston, Bloomberg one O six one 369 00:20:33,119 --> 00:20:36,560 Speaker 1: to San Francisco, Bloomberg Non sixty to the country, Sirius 370 00:20:36,720 --> 00:20:39,879 Speaker 1: XM Cho one nine, and around the globe, the Bloomberg 371 00:20:39,920 --> 00:20:44,360 Speaker 1: Business and Bloomberg Radio dot Com. This is Bloomberg Daybreak 372 00:20:50,280 --> 00:20:52,560 Speaker 1: six thirty on Wall Street. Good morning, I'm Nathan Hagar 373 00:20:52,960 --> 00:20:55,480 Speaker 1: and I'm Karen Moscow, and we're just about three hours 374 00:20:55,520 --> 00:20:57,639 Speaker 1: away from the open of US trading. It's time for 375 00:20:57,640 --> 00:20:59,560 Speaker 1: the five things you need to notice start your day. 376 00:20:59,600 --> 00:21:03,320 Speaker 1: Bronze you by interactive brokers trade crypto for less going 377 00:21:03,320 --> 00:21:05,639 Speaker 1: with commissions just twelve to eighteen basis points and no 378 00:21:05,720 --> 00:21:08,960 Speaker 1: hidden spreads their markups. Learn more at ibk R dot com, 379 00:21:09,000 --> 00:21:13,200 Speaker 1: slash crypto. At first, Russia now occupying the largest nuclear 380 00:21:13,240 --> 00:21:16,280 Speaker 1: side in Europe. Overnight Shelling started a fire at this 381 00:21:16,359 --> 00:21:21,239 Speaker 1: operation nuclear plant. Ukrainian Energy Minister Hermann Hallushenko tells us 382 00:21:21,280 --> 00:21:24,359 Speaker 1: this raises the stakes in the war. One example of 383 00:21:24,400 --> 00:21:28,719 Speaker 1: the parigia could be repeated in in Uh, in the 384 00:21:28,800 --> 00:21:32,520 Speaker 1: other stations, on the other units. And and that's why 385 00:21:32,640 --> 00:21:36,040 Speaker 1: we ask for clothing the sky. We don't see any 386 00:21:36,080 --> 00:21:40,120 Speaker 1: other possibilities. Herman Hellushenko spoke on Bloomberg Television. The US 387 00:21:40,200 --> 00:21:43,640 Speaker 1: Energy Department says it's activated it's nuclear incident Response team, 388 00:21:43,680 --> 00:21:46,879 Speaker 1: but right now it doesn't see elevated radiation levels. The 389 00:21:46,960 --> 00:21:50,280 Speaker 1: US futures and stocks overseas are falling as the war escalates. 390 00:21:50,320 --> 00:21:53,320 Speaker 1: Caaring right now, SMP five dred futures are down three 391 00:21:53,359 --> 00:21:56,480 Speaker 1: quarters of one percent. Major European averages and stocks in 392 00:21:56,520 --> 00:21:59,760 Speaker 1: Asia are lower between two and three percent, and commodities 393 00:21:59,800 --> 00:22:02,560 Speaker 1: are happing up a historic week, Nathan as Russia's invasion 394 00:22:02,600 --> 00:22:05,200 Speaker 1: of Ukraine royals markets. We get the latest lie from 395 00:22:05,200 --> 00:22:07,880 Speaker 1: Bloomberg's Real Need a young good Morning, Ready to good morning, 396 00:22:07,920 --> 00:22:11,720 Speaker 1: Karen's soaring commodities prices from crewe to aluminum and wheat 397 00:22:11,760 --> 00:22:16,280 Speaker 1: are adding to hot inflationary pressures that's hurting consumers and 398 00:22:16,320 --> 00:22:19,800 Speaker 1: fueling concerns over an economic slowdown. Oil is heading for 399 00:22:19,880 --> 00:22:23,160 Speaker 1: its biggest weekly surge in almost two years. Brent crude, 400 00:22:23,160 --> 00:22:26,480 Speaker 1: which almost hit a hundred twenty dollars yesterday, is trading 401 00:22:26,600 --> 00:22:30,160 Speaker 1: at around a hundred and ten dollars right now. Prices 402 00:22:30,200 --> 00:22:32,960 Speaker 1: for wheat, aluminum, nickel, and crude are all expected to 403 00:22:33,000 --> 00:22:36,199 Speaker 1: continue rising. Live in New York, I'm rened a young 404 00:22:36,240 --> 00:22:39,520 Speaker 1: Bloomberg debreak Okay, Nita, Thanks and investors are also bracing 405 00:22:39,560 --> 00:22:41,800 Speaker 1: for the February jobs report. We get a preview that 406 00:22:41,800 --> 00:22:45,000 Speaker 1: from bloombergs Vinne del judas US pay roll growth probably 407 00:22:45,080 --> 00:22:48,000 Speaker 1: top four hundred thousand in February. That would follow a 408 00:22:48,119 --> 00:22:51,760 Speaker 1: solid January game a four hundred sixty seven thousand. Bloomberg 409 00:22:51,840 --> 00:22:55,159 Speaker 1: Economics as workers have been sentived to return after the pandemic, 410 00:22:55,280 --> 00:22:58,840 Speaker 1: citing rising wages as well as the end of emergency assistants. 411 00:22:59,200 --> 00:23:02,280 Speaker 1: Labor shortage is persist and the number of workers collecting 412 00:23:02,359 --> 00:23:05,760 Speaker 1: unemployment benefits is at a half century low. Fino Judae 413 00:23:05,840 --> 00:23:08,800 Speaker 1: Spoomberg day break, RIGHTNY, Thank you. While turning to stocks 414 00:23:08,840 --> 00:23:11,359 Speaker 1: on the move, Shares of Smith and Wesson are down 415 00:23:11,400 --> 00:23:15,400 Speaker 1: twenty three percent, the gunmaker's third quarters sales missing analysts estimates, 416 00:23:15,640 --> 00:23:18,000 Speaker 1: and Gap is up more than six and a half percent. 417 00:23:18,040 --> 00:23:21,280 Speaker 1: The retailer giving an optimistic projection for the current Here 418 00:23:21,320 --> 00:23:23,200 Speaker 1: and that's the five things you need to notice start 419 00:23:23,240 --> 00:23:26,840 Speaker 1: your day. Brought to you by Interactive Brokers. It is 420 00:23:26,960 --> 00:23:30,520 Speaker 1: currently well SMP futures are down about thirty five points. 421 00:23:30,600 --> 00:23:32,840 Speaker 1: Right now, straight to Hedge yourlatest local headlines plus a 422 00:23:32,920 --> 00:23:39,000 Speaker 1: check of sports. This is Bloomberg. It is currently six 423 00:23:39,040 --> 00:23:41,040 Speaker 1: thirty three on Wall Street where twenty one degrees in 424 00:23:41,119 --> 00:23:43,119 Speaker 1: Central Park. It's still dealing with the act are effects 425 00:23:43,160 --> 00:23:46,080 Speaker 1: of a serious vehicle fire and northbound FDR drive. Michael 426 00:23:46,080 --> 00:23:47,720 Speaker 1: Barr is here with what else is going on in 427 00:23:47,720 --> 00:23:50,040 Speaker 1: New York and around the world. Good morning, Michael, Good 428 00:23:50,040 --> 00:23:53,360 Speaker 1: morning Nathan. And important milestone in New York City's progress 429 00:23:53,440 --> 00:23:56,640 Speaker 1: against COVID nineteen could soon arrive and Mayor Eric Adams 430 00:23:56,720 --> 00:24:02,359 Speaker 1: lifts mask man dates in schools andacination requirements in restaurants, bars, 431 00:24:02,359 --> 00:24:05,080 Speaker 1: and theaters. The mayor says a decision could come as 432 00:24:05,080 --> 00:24:08,000 Speaker 1: soon as today, a long awaited development in the city 433 00:24:08,040 --> 00:24:12,960 Speaker 1: that was once the epicenter of a deadly pandemic. While infections, hospitalizations, 434 00:24:13,000 --> 00:24:16,159 Speaker 1: and deaths continue, the move by Adams could signal a 435 00:24:16,240 --> 00:24:19,320 Speaker 1: turning point in the pandemic by firmly shifting the focus 436 00:24:19,320 --> 00:24:23,560 Speaker 1: on recovery and return to normalcy. Outraged by the invasion 437 00:24:23,600 --> 00:24:27,520 Speaker 1: of Ukraine, lawmakers in New Jersey's largest city lashed out 438 00:24:27,560 --> 00:24:30,760 Speaker 1: at symbols of Russia in their city, a pair of 439 00:24:30,880 --> 00:24:33,960 Speaker 1: Luke oil gas stations. The New York City Council voted 440 00:24:34,040 --> 00:24:38,160 Speaker 1: unanimously to suspend the service stations operating licenses, citing Luke 441 00:24:38,200 --> 00:24:42,240 Speaker 1: oils based in Moscow. However, the stations are franchises owned 442 00:24:42,240 --> 00:24:46,480 Speaker 1: by locals, not Russians, and they employ mostly New Jersey residents. 443 00:24:46,880 --> 00:24:49,879 Speaker 1: President Biden has signed a law preventing companies from forcing 444 00:24:49,920 --> 00:24:54,879 Speaker 1: sexual assault or harassment victims into secret arbitration and settlements. 445 00:24:55,000 --> 00:24:57,760 Speaker 1: Between half and three quarters Wall women reports that they 446 00:24:57,800 --> 00:25:00,359 Speaker 1: have faced some form of sexual harassment were a place 447 00:25:01,320 --> 00:25:03,800 Speaker 1: and too often to denied a voice from a fair 448 00:25:03,880 --> 00:25:07,280 Speaker 1: chance to do anything about it. Vice President Kamala Harris 449 00:25:07,359 --> 00:25:10,240 Speaker 1: also made the announcement with the President for st arbitration 450 00:25:10,920 --> 00:25:16,359 Speaker 1: silences survivors a sexual assault and harassment. It shields predators 451 00:25:16,560 --> 00:25:21,040 Speaker 1: instead of holding them accountable, and gives corporations a powerful 452 00:25:21,119 --> 00:25:25,800 Speaker 1: tool to hide abuse and misconduct. Harris and President Biden 453 00:25:25,840 --> 00:25:28,960 Speaker 1: praised both parties for the measure. For now, Donald Trump 454 00:25:29,000 --> 00:25:31,040 Speaker 1: and two of his children won't have to appear for 455 00:25:31,119 --> 00:25:34,960 Speaker 1: depositions in New York Attorney General Latisia James's probe of 456 00:25:35,000 --> 00:25:38,520 Speaker 1: their families business while they challenge a decision requiring them 457 00:25:38,520 --> 00:25:42,400 Speaker 1: to testify. The former president, Donald Trump Jr. And Ivanka 458 00:25:42,440 --> 00:25:46,000 Speaker 1: Trump appeal to state judges order issuing last month that 459 00:25:46,119 --> 00:25:49,800 Speaker 1: forced them to give testimony and James's investigation and to 460 00:25:49,880 --> 00:25:54,879 Speaker 1: potentially fraudulent asset valuations at the Trump organization. Yesterday, James 461 00:25:54,920 --> 00:25:57,280 Speaker 1: and the Trumps agreed that they will not have to 462 00:25:57,359 --> 00:26:01,320 Speaker 1: appear until two weeks after an appellate panel in Manhattan 463 00:26:01,359 --> 00:26:04,680 Speaker 1: upholds the order. Governor Phil Murphy is including property tax 464 00:26:04,760 --> 00:26:07,840 Speaker 1: relief checks in the annual spending plan he will introduce 465 00:26:07,920 --> 00:26:11,200 Speaker 1: next week with an average seven hundred dollars plan for 466 00:26:11,320 --> 00:26:14,280 Speaker 1: New Jersey homeowners making as much as two hundred fifty 467 00:26:14,280 --> 00:26:17,040 Speaker 1: thousand dollars a year. Global News twenty four hours a 468 00:26:17,119 --> 00:26:20,200 Speaker 1: day on air and on Bloomberg Quicktech, powered by more 469 00:26:20,240 --> 00:26:23,879 Speaker 1: than journalists analysts more than a hundred twenty countries. Michael 470 00:26:23,880 --> 00:26:31,440 Speaker 1: bar this is Bloomberg, Nathan, Thanks Michael, six thirty six 471 00:26:31,440 --> 00:26:34,240 Speaker 1: on Wall Street. John stash hours got the Bloomberg Sports update. 472 00:26:34,280 --> 00:26:37,640 Speaker 1: Thanks Nathan Nixon. Nets have the exact same record over 473 00:26:37,680 --> 00:26:40,840 Speaker 1: their last nineteen games, and it's not good. Three and 474 00:26:41,119 --> 00:26:43,240 Speaker 1: sixteen NETS for the most part because to the Kevin 475 00:26:43,320 --> 00:26:46,240 Speaker 1: Durant knee injury. He did return last night at park Ley's, 476 00:26:46,280 --> 00:26:49,320 Speaker 1: his first game in forty seven days. NETS still lost 477 00:26:49,359 --> 00:26:51,760 Speaker 1: to Miami one thirteen to one oh seven. K D 478 00:26:52,280 --> 00:26:56,200 Speaker 1: scored thirty one points. Feel great, I'm only gonna get better, 479 00:26:56,440 --> 00:27:01,800 Speaker 1: more comfortable out there, you know, take more of a 480 00:27:01,880 --> 00:27:06,200 Speaker 1: load out there to post when I get um, when 481 00:27:06,200 --> 00:27:08,119 Speaker 1: I get you know, more games under my boat. So 482 00:27:08,600 --> 00:27:13,119 Speaker 1: um Nets visit Boston Sunday under the lost Strops and 483 00:27:13,240 --> 00:27:15,639 Speaker 1: under five hundred knicks er in Phoenix tonight and the 484 00:27:15,680 --> 00:27:18,920 Speaker 1: Suns are fifty and twelve. There twenty three games ahead 485 00:27:18,920 --> 00:27:21,440 Speaker 1: of the Lakers, who just got blown out by the Clippers. 486 00:27:21,520 --> 00:27:24,520 Speaker 1: Dallas being slumping Golden State Luca downs it's one points 487 00:27:24,520 --> 00:27:26,639 Speaker 1: a year triple double. The Warriors have lost five of 488 00:27:26,640 --> 00:27:29,240 Speaker 1: the last six. Islanders have lost eight of eleven. Beaten 489 00:27:29,359 --> 00:27:31,960 Speaker 1: home by Vancouver four to three. College hoops upset in 490 00:27:31,960 --> 00:27:36,600 Speaker 1: My Manhattan by two over Iona do Coast North Carolina tomorrow. 491 00:27:36,880 --> 00:27:39,920 Speaker 1: Over forty two years, Mike Schofski has Coast over two 492 00:27:40,000 --> 00:27:43,200 Speaker 1: hundred players. They've all been invited back for coach K's 493 00:27:43,280 --> 00:27:45,879 Speaker 1: final ever home game. The NFL says there will be 494 00:27:45,960 --> 00:27:50,520 Speaker 1: no COVID protocols for two starting with the offseason activities. 495 00:27:50,560 --> 00:27:54,200 Speaker 1: France has eased its vaccine rules that may allout. Novak 496 00:27:54,280 --> 00:27:57,159 Speaker 1: djokovis to play the French Open. Rory McIlroy loves playing 497 00:27:57,160 --> 00:27:59,600 Speaker 1: bay Hill. He's been in the top ten five straight 498 00:27:59,680 --> 00:28:03,480 Speaker 1: years in an opening around seventh. Roy has a two shot. 499 00:28:04,080 --> 00:28:07,560 Speaker 1: John Stash were Bloomberg Sports Okay, John thanks six thirty 500 00:28:07,560 --> 00:28:09,119 Speaker 1: seven on Wall Street Time to take a look at 501 00:28:09,160 --> 00:28:11,080 Speaker 1: stock some of the names moving in the pre market. 502 00:28:11,119 --> 00:28:14,400 Speaker 1: Bloomberg Radio and TV Markets corresponded. Creedy goop that joins 503 00:28:14,480 --> 00:28:17,560 Speaker 1: us at the end of a very vault a week. 504 00:28:17,680 --> 00:28:20,199 Speaker 1: Good morning, creedy, well, good morning, Yeah, a lot of 505 00:28:20,240 --> 00:28:22,159 Speaker 1: red on the screen. Of course, a lot of this 506 00:28:22,280 --> 00:28:24,679 Speaker 1: has to just come with fluctuations that you're seeing with 507 00:28:24,760 --> 00:28:27,639 Speaker 1: the nuclear plant story in Ukraine, the latest kind of 508 00:28:27,640 --> 00:28:32,600 Speaker 1: developments coming out of that war, essentially the issue with futures. Actually, 509 00:28:32,600 --> 00:28:34,679 Speaker 1: as you saw this actually open in the green, then 510 00:28:34,680 --> 00:28:36,440 Speaker 1: he saw a massive drop when those headlines of the 511 00:28:36,520 --> 00:28:38,840 Speaker 1: nuclear plant came out, and then a reversal when the 512 00:28:38,880 --> 00:28:41,200 Speaker 1: fire was finally be able to put out. But nevertheless, 513 00:28:41,200 --> 00:28:44,080 Speaker 1: you are seeing a very risk off sentiment in the market. 514 00:28:44,160 --> 00:28:46,880 Speaker 1: Let's get you some individual movers though, because tech is 515 00:28:46,920 --> 00:28:50,160 Speaker 1: actually performing not as badly. I don't want to see 516 00:28:50,160 --> 00:28:52,880 Speaker 1: outperformer performing not as badly as the rest of the market. 517 00:28:52,920 --> 00:28:54,920 Speaker 1: Apple will use as a proxy here a a p 518 00:28:55,160 --> 00:28:58,560 Speaker 1: L as your ticker up or actually down nine tenths 519 00:28:58,600 --> 00:29:01,720 Speaker 1: of a percent. A m D, which is another Semis company, 520 00:29:02,200 --> 00:29:05,040 Speaker 1: is down one point one percent. That's compared to some 521 00:29:05,120 --> 00:29:07,440 Speaker 1: of the bigger kind of moves that you're seeing in 522 00:29:07,480 --> 00:29:09,240 Speaker 1: some of the very heavy volume names from where those 523 00:29:09,280 --> 00:29:12,360 Speaker 1: volatility plays like travel names, Carnival, Cruise, Lines at the 524 00:29:12,360 --> 00:29:14,080 Speaker 1: top of that. Let's see c ls A Taker, They're 525 00:29:14,120 --> 00:29:18,080 Speaker 1: down a whopping four point four percent. American Airlines a 526 00:29:18,200 --> 00:29:21,200 Speaker 1: ls A taker, they're down two point three Just kind 527 00:29:21,200 --> 00:29:23,440 Speaker 1: of giving you both sides of spectrum here, because those 528 00:29:23,760 --> 00:29:26,280 Speaker 1: travel names are the most volatile names in the index, 529 00:29:26,320 --> 00:29:29,240 Speaker 1: just given the COVID nineteen pandemic anyway, So when you 530 00:29:29,320 --> 00:29:31,240 Speaker 1: do see a risk off tone like this, the biggest 531 00:29:31,320 --> 00:29:33,720 Speaker 1: hit tends to be in those names, Nathan, And of course, 532 00:29:33,720 --> 00:29:36,040 Speaker 1: in the risk off mornings we've seen this week or that, 533 00:29:36,040 --> 00:29:38,920 Speaker 1: it seemed like the only upside movers have been once 534 00:29:39,040 --> 00:29:42,080 Speaker 1: related to the energy sector, and we're seeing a surge 535 00:29:42,200 --> 00:29:44,680 Speaker 1: in oil prices again this morning. Is that what's playing 536 00:29:44,680 --> 00:29:47,160 Speaker 1: out again today? It absolutely is. I mean, check out 537 00:29:47,160 --> 00:29:49,440 Speaker 1: some of the really just handful of names from seeing 538 00:29:49,440 --> 00:29:52,360 Speaker 1: only ten stocks that are actually higher in UH in 539 00:29:52,520 --> 00:29:55,680 Speaker 1: pre market trading. Let's tar with some of those oil stocks, 540 00:29:55,720 --> 00:29:58,120 Speaker 1: like you mentioned Valero for example, v l O is 541 00:29:58,160 --> 00:30:01,360 Speaker 1: your ticker up one one percent. Remember this does have 542 00:30:01,440 --> 00:30:03,840 Speaker 1: some Russian energy exposure to so you don't want to 543 00:30:03,880 --> 00:30:06,040 Speaker 1: keep an eye on this name. Devon Energy as well, 544 00:30:06,120 --> 00:30:08,240 Speaker 1: d v and up eight tenths of a percent, But 545 00:30:08,240 --> 00:30:10,040 Speaker 1: then you have some of the other commodity names as well. 546 00:30:10,080 --> 00:30:12,400 Speaker 1: F c X for Freeport Mcmaran, of course, the major 547 00:30:12,640 --> 00:30:16,080 Speaker 1: copper player, up eight tenths of a percent. Mosaic as well, 548 00:30:16,120 --> 00:30:18,240 Speaker 1: the major a fertilizer maker that gets a lot of 549 00:30:18,240 --> 00:30:20,320 Speaker 1: their business from Russia. M os as your taker, They're 550 00:30:20,600 --> 00:30:23,640 Speaker 1: up nine tenths of percent. Defense names like Raytheon, r 551 00:30:23,680 --> 00:30:26,280 Speaker 1: t X up one seven percent. I'm gonna end here 552 00:30:26,280 --> 00:30:30,080 Speaker 1: with EPAM Systems. This is a software company that actually 553 00:30:30,120 --> 00:30:34,240 Speaker 1: has fourteen thousand personnel in Ukraine, eighteen thousand Russia and Belarus. 554 00:30:34,280 --> 00:30:36,440 Speaker 1: They had a major hit earlier on Monday when they 555 00:30:36,480 --> 00:30:39,320 Speaker 1: would drew their guidance, essentially saying that because of the 556 00:30:39,400 --> 00:30:41,840 Speaker 1: uncertain team of the region, they couldn't predict what was next. 557 00:30:41,880 --> 00:30:44,120 Speaker 1: Took a major hit earlier this week, and now you're 558 00:30:44,120 --> 00:30:46,240 Speaker 1: seeing a little bit of a cat bounce or dead 559 00:30:46,240 --> 00:30:49,320 Speaker 1: cat bounce, as just say today, up just have two percent. 560 00:30:49,400 --> 00:30:52,280 Speaker 1: Nathan all Right, Bloomberg Radio and TV Markets correspondent. Pretty 561 00:30:52,320 --> 00:30:54,000 Speaker 1: good to so great to have you keeping us up 562 00:30:54,040 --> 00:30:56,360 Speaker 1: to speed on what's happening in the market as we 563 00:30:56,440 --> 00:31:00,520 Speaker 1: continue to watch this intensifying war in Ukraine right now 564 00:31:00,640 --> 00:31:03,840 Speaker 1: SMP futures are down thirty eight points down, futures down 565 00:31:03,840 --> 00:31:06,760 Speaker 1: two ninety and nansect futures are lower by a hundred 566 00:31:06,800 --> 00:31:09,440 Speaker 1: twenty points a ten. Your treasury is up seventeen thirty seconds. 567 00:31:09,440 --> 00:31:12,280 Speaker 1: The yield one point. The euro right now one point 568 00:31:12,400 --> 00:31:15,440 Speaker 1: zero nine seven six against the dollar, that is near 569 00:31:15,520 --> 00:31:23,520 Speaker 1: a two year low. This is Bloomberg Bloomberg eleven three 570 00:31:23,560 --> 00:31:26,240 Speaker 1: oh weather mostly sunny, upper thirties today, It'll turn cloudy 571 00:31:26,280 --> 00:31:28,800 Speaker 1: to start the weekend Saturday, highs in the upper forties, 572 00:31:29,040 --> 00:31:33,080 Speaker 1: mid sixties by Sunday with scattered showers. Right now twenty 573 00:31:33,120 --> 00:31:39,720 Speaker 1: one in Central Park markets. Headlines and breaking news twenty 574 00:31:39,720 --> 00:31:42,600 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 575 00:31:42,600 --> 00:31:45,560 Speaker 1: Business Out and at Bloomberg Quick Tape. This is a 576 00:31:45,600 --> 00:31:54,800 Speaker 1: Bloomberg business flash and I'm far in Moscow. Futures are 577 00:31:54,800 --> 00:31:56,960 Speaker 1: lower this morning. Let's go to the first word breaking 578 00:31:57,000 --> 00:31:59,920 Speaker 1: news dash for today's morning call. Here's Bill Maloney. Welcome 579 00:32:00,000 --> 00:32:03,760 Speaker 1: morning and good morning Karen. That's right. US features are 580 00:32:03,880 --> 00:32:07,400 Speaker 1: under pressure and made Ukraine worries. Futures currently down two 581 00:32:07,600 --> 00:32:10,000 Speaker 1: D seventy one point says if you shop thirty five one, 582 00:32:10,040 --> 00:32:12,520 Speaker 1: that's deck futures are off by a hundred and four 583 00:32:12,960 --> 00:32:15,800 Speaker 1: the US ten yeld at one point seven eight percent, 584 00:32:15,880 --> 00:32:18,880 Speaker 1: gold is up ten oil is climbing, and bitcoin is 585 00:32:18,920 --> 00:32:22,200 Speaker 1: down by one percent. Japan fell two point two percent overnight, 586 00:32:22,240 --> 00:32:25,040 Speaker 1: while up markets are under pressure, led by four percent 587 00:32:25,120 --> 00:32:28,400 Speaker 1: losses in Italy. Back in the US on the Economic 588 00:32:28,440 --> 00:32:32,160 Speaker 1: Frinday thirty u S February jobs report after develous night, 589 00:32:32,240 --> 00:32:36,320 Speaker 1: Costco sales beat estimates and Broadcom Q two revenue beat estimates. 590 00:32:36,360 --> 00:32:38,640 Speaker 1: In other news, Private Equity built a seven and a 591 00:32:38,640 --> 00:32:42,080 Speaker 1: half percent stake in Splunk worth about one point four billion. 592 00:32:42,480 --> 00:32:44,480 Speaker 1: Rabbing things up Sea three a I was cut to 593 00:32:44,520 --> 00:32:47,760 Speaker 1: sell at Deutsche Bank. Spunk was raised to outperform over 594 00:32:47,800 --> 00:32:50,600 Speaker 1: at IOWA. Live from the First Breaking News Desk on 595 00:32:50,760 --> 00:32:53,239 Speaker 1: Bill Maloney. Care all right, Bill, thank you, and here 596 00:32:53,280 --> 00:32:55,760 Speaker 1: live breaking news over your Bloomberg type squawk on your 597 00:32:55,880 --> 00:32:57,960 Speaker 1: terminal s Q you A w u K that's a 598 00:32:58,000 --> 00:33:00,760 Speaker 1: Bloomberg business flash. Now here's Michael are with more on 599 00:33:00,880 --> 00:33:03,320 Speaker 1: what's going on around the world. Michael Karen, thank you 600 00:33:03,400 --> 00:33:06,640 Speaker 1: very much. Russian forces occupied the site of Europe's largest 601 00:33:06,680 --> 00:33:10,040 Speaker 1: nuclear power plant today after an attack that ignited the 602 00:33:10,080 --> 00:33:13,920 Speaker 1: fire at the complex in Ukraine. Emergency services extinguished the 603 00:33:13,960 --> 00:33:17,920 Speaker 1: fire and there were no casualties. Ukraine told the International 604 00:33:18,000 --> 00:33:21,520 Speaker 1: Atomic Energy Agency the incident had not effected the central 605 00:33:21,520 --> 00:33:25,640 Speaker 1: equipment and there had been no change reported in radiation levels. 606 00:33:26,080 --> 00:33:29,400 Speaker 1: The Winter Paralympics are set to open in Beijing today 607 00:33:29,640 --> 00:33:33,080 Speaker 1: with the Russian athletes sent home. Meanwhile, with the Ukrainian 608 00:33:33,120 --> 00:33:35,920 Speaker 1: team escaping a war zone. The head of the delegation says, 609 00:33:35,960 --> 00:33:39,360 Speaker 1: it's a miracle they got to China. In the NBA, 610 00:33:39,520 --> 00:33:42,840 Speaker 1: the Nets and Warriors lost the Celtics. One in the NHL, 611 00:33:43,000 --> 00:33:46,760 Speaker 1: the Islanders lost the Bruins and Capitals. One. Global News 612 00:33:46,840 --> 00:33:49,560 Speaker 1: twenty four hours a day on air and on Bloomberg 613 00:33:49,600 --> 00:33:52,960 Speaker 1: Quick Take, powered by more than twenty seven hundred journalists 614 00:33:52,960 --> 00:33:56,040 Speaker 1: and analysts in more than one twenty countries. I'm Michael Barr. 615 00:33:56,120 --> 00:33:59,160 Speaker 1: This is Bloomberg Arran. Sorry Michael Barr. Thank you. Sixty 616 00:33:59,240 --> 00:34:01,600 Speaker 1: nine on All Straight and we turn to news now 617 00:34:01,640 --> 00:34:04,240 Speaker 1: in science and technology with the Bloomberg and j I 618 00:34:04,360 --> 00:34:07,200 Speaker 1: T STEMM Report, brought to you by New Jersey Institute 619 00:34:07,200 --> 00:34:10,520 Speaker 1: of Technology and j I T makes infrastructure ready graduates 620 00:34:10,719 --> 00:34:14,640 Speaker 1: from civil engineers to transportations specialists. If it's infrastructure and 621 00:34:14,800 --> 00:34:16,960 Speaker 1: j I T grads are building it more at n 622 00:34:17,040 --> 00:34:19,520 Speaker 1: j I T DOT e DU. Now Here's what's making 623 00:34:19,560 --> 00:34:23,280 Speaker 1: news and science, technology, engineering, and math too. Big names 624 00:34:23,280 --> 00:34:26,600 Speaker 1: in Japanese electronics and autos are joining forces to produce 625 00:34:26,640 --> 00:34:29,880 Speaker 1: an electric vehicle together. Sony Group and Honda Motor have 626 00:34:29,920 --> 00:34:32,000 Speaker 1: agreed to set up a joint venture this year to 627 00:34:32,120 --> 00:34:36,359 Speaker 1: start selling an electric vehicle by all the world's automakers 628 00:34:36,400 --> 00:34:39,759 Speaker 1: have been developing zero emissions electric vehicles as concerns grow 629 00:34:39,800 --> 00:34:43,680 Speaker 1: about pollution and climate change. The US government's annual safety 630 00:34:43,800 --> 00:34:46,160 Speaker 1: ratings of cars may soon give them credit for having 631 00:34:46,239 --> 00:34:49,960 Speaker 1: driver assistance systems. It's the latest indication that the once 632 00:34:50,040 --> 00:34:54,680 Speaker 1: futuristic technology is becoming mainstream. The Department of Transportation proposed 633 00:34:54,680 --> 00:34:59,480 Speaker 1: that lane keeping support, automatic emergency breaking, blind spot detection, 634 00:34:59,560 --> 00:35:03,279 Speaker 1: and blind spot intervention be incorporated into its five star 635 00:35:03,320 --> 00:35:06,759 Speaker 1: safety writings program for new cars. And Apple will begin 636 00:35:06,800 --> 00:35:09,840 Speaker 1: to drop its mass requirement for both corporate and retail 637 00:35:09,880 --> 00:35:12,799 Speaker 1: employees in the U S as COVID cases decline and 638 00:35:12,880 --> 00:35:16,440 Speaker 1: local governments loosen restrictions. The company told staff that mass 639 00:35:16,440 --> 00:35:19,719 Speaker 1: for vaccinated corporate employees are now optional at offices and 640 00:35:19,760 --> 00:35:23,279 Speaker 1: regions where local indoor mass mandates have been eliminated, and 641 00:35:23,320 --> 00:35:26,320 Speaker 1: as the Bloomberg and j I. T Stem report Nathan, 642 00:35:26,480 --> 00:35:29,000 Speaker 1: thank you, Karen. We're live from the Bloomberg Interactive Brokers 643 00:35:29,040 --> 00:35:32,359 Speaker 1: studios where it's almost six fifty one on Wall Street 644 00:35:32,400 --> 00:35:34,799 Speaker 1: time now to check what's going on in VC. Some 645 00:35:34,880 --> 00:35:36,960 Speaker 1: of the top stories in our nation's capital include the 646 00:35:36,960 --> 00:35:40,120 Speaker 1: White House monitoring the situation after Russia fires on and 647 00:35:40,200 --> 00:35:44,440 Speaker 1: occupies Europe's biggest nuclear plant in Ukraine, the Biden administration 648 00:35:44,560 --> 00:35:48,279 Speaker 1: slapping sanctions on eight wealthy Russians and their families, and 649 00:35:48,320 --> 00:35:51,040 Speaker 1: the White House balking at a ban on Russian oil, 650 00:35:51,480 --> 00:35:54,520 Speaker 1: sparking a new feud with Congress. Let's bring in Bloomberg 651 00:35:54,560 --> 00:35:58,520 Speaker 1: Government reporter Emily Wilkins as we continue watching developments in 652 00:35:58,520 --> 00:36:01,120 Speaker 1: the war in Ukraine. Of course, Emily, we had that 653 00:36:01,200 --> 00:36:06,920 Speaker 1: attack on the southeastern Ukrainian nuclear site overnight and Russia 654 00:36:07,000 --> 00:36:09,879 Speaker 1: is now occupying it. What's the latest there and how 655 00:36:09,920 --> 00:36:12,960 Speaker 1: the US is responding. So we have heard that the 656 00:36:13,040 --> 00:36:17,120 Speaker 1: fire has been put out, that radiation levels are normal, 657 00:36:17,560 --> 00:36:19,399 Speaker 1: or at least the fires have not put out, has 658 00:36:19,400 --> 00:36:22,239 Speaker 1: been contained, and so the threat level there has gone 659 00:36:22,239 --> 00:36:25,879 Speaker 1: down a bit but yes, it has been taken over 660 00:36:26,280 --> 00:36:28,680 Speaker 1: and is held by the Russians. I think really the 661 00:36:28,719 --> 00:36:32,280 Speaker 1: concern here is that they would even target a nuclear plant, 662 00:36:32,360 --> 00:36:35,120 Speaker 1: just the level of danger that that would bring about. 663 00:36:35,400 --> 00:36:39,520 Speaker 1: A Ukrainian president, Zelinski said, if there is an explosion, quote, 664 00:36:39,520 --> 00:36:41,640 Speaker 1: it's the end of everything, the end of Europe. And 665 00:36:41,760 --> 00:36:46,480 Speaker 1: you're hearing similar rhetory from across the world from Boris Johnson, 666 00:36:46,560 --> 00:36:50,360 Speaker 1: from Energy Energy Secretary Jennifer Graholm. Just a lot of 667 00:36:50,400 --> 00:36:54,640 Speaker 1: fear about what could have happened had more key parts 668 00:36:54,680 --> 00:36:58,680 Speaker 1: of this nuclear facility caught on fire or been hurt 669 00:36:58,760 --> 00:37:02,759 Speaker 1: in the attacks. Um So that's certainly something that's been 670 00:37:02,800 --> 00:37:04,960 Speaker 1: top of mind, and it really comes as there's this 671 00:37:05,000 --> 00:37:09,520 Speaker 1: wider debate in Washington unfolding about what needs to happen 672 00:37:09,600 --> 00:37:13,560 Speaker 1: in terms of energy, I mean specifically with the energy 673 00:37:13,640 --> 00:37:16,280 Speaker 1: the oil and gas that the US buys from Russia 674 00:37:16,320 --> 00:37:18,799 Speaker 1: and whether or not there should be a ban on that. Yeah, 675 00:37:18,840 --> 00:37:21,520 Speaker 1: it does feel like something that raises the stakes when 676 00:37:21,520 --> 00:37:24,719 Speaker 1: it comes to the danger from this war. Does it 677 00:37:24,920 --> 00:37:28,080 Speaker 1: change the focus for the US and Europe in terms 678 00:37:28,120 --> 00:37:31,680 Speaker 1: of how to respond to Russia. I mean, at this point, 679 00:37:31,719 --> 00:37:34,880 Speaker 1: we haven't seen any sort of concrete change come from it. 680 00:37:35,239 --> 00:37:38,760 Speaker 1: We did see that there was a Ukrainian energy minister 681 00:37:39,000 --> 00:37:41,560 Speaker 1: called for a no fly zone over Ukraine, but that 682 00:37:41,600 --> 00:37:44,319 Speaker 1: does not seem likely because you know that the US 683 00:37:44,360 --> 00:37:48,000 Speaker 1: and NETOT have explained establishing that no fly zone would 684 00:37:48,160 --> 00:37:52,000 Speaker 1: mean engaging and shooting down Russian planes and and that 685 00:37:52,040 --> 00:37:55,719 Speaker 1: could lead to a much wider war across Europe. Uh So, 686 00:37:55,760 --> 00:37:58,080 Speaker 1: at this point, there doesn't seem to be any particular 687 00:37:58,200 --> 00:38:01,640 Speaker 1: change there. But you know, obviously these these attacks occurred 688 00:38:01,680 --> 00:38:04,160 Speaker 1: later in the evening. You've got Washington waking up right now. 689 00:38:04,200 --> 00:38:07,240 Speaker 1: It will be very interesting to monitor the situation today 690 00:38:07,600 --> 00:38:10,319 Speaker 1: and to see what sort of response there will be. 691 00:38:10,560 --> 00:38:13,280 Speaker 1: And you mentioned it comes amid the debate over whether 692 00:38:13,320 --> 00:38:16,840 Speaker 1: to target Russian oil and gas in terms of sanctions. 693 00:38:16,920 --> 00:38:20,560 Speaker 1: We got that sanctions announcement yesterday from the Biden administration 694 00:38:20,600 --> 00:38:24,880 Speaker 1: against Russian oligarchs. Are we seeing that have any effect 695 00:38:24,920 --> 00:38:27,720 Speaker 1: at this point? At this point, it's probably a little 696 00:38:27,760 --> 00:38:30,600 Speaker 1: too soon to tell whether or not these sanctions on 697 00:38:30,680 --> 00:38:33,239 Speaker 1: the oligarchs are having the intended effect, which is of 698 00:38:33,280 --> 00:38:35,879 Speaker 1: course to move them further away from Putin, to really 699 00:38:35,960 --> 00:38:39,800 Speaker 1: chip into Putin's inner circle. We have seen some signs 700 00:38:39,800 --> 00:38:42,240 Speaker 1: that some of these oligarchs have been trying to distance 701 00:38:42,280 --> 00:38:45,160 Speaker 1: themselves a little bit from Putin. But I think when 702 00:38:45,160 --> 00:38:47,600 Speaker 1: you're looking at the sanctions that are really going to 703 00:38:47,680 --> 00:38:50,080 Speaker 1: have the most impact, I think more people are keeping 704 00:38:50,080 --> 00:38:53,719 Speaker 1: an eye on the economic sanctions um rather than the 705 00:38:53,760 --> 00:38:56,759 Speaker 1: ones that are targeting Putin's inner circle. And one of 706 00:38:56,760 --> 00:39:01,680 Speaker 1: those economic sanctions that's still uh ostensibly, I guess on 707 00:39:01,719 --> 00:39:04,560 Speaker 1: the table. Least the White House has said is targeting 708 00:39:04,640 --> 00:39:07,279 Speaker 1: Russian oil and gas, but it seems like there's been 709 00:39:07,280 --> 00:39:11,759 Speaker 1: a reluctance to go that far. What's the pressure that 710 00:39:11,840 --> 00:39:14,160 Speaker 1: the White House is facing right now when it comes 711 00:39:14,200 --> 00:39:19,000 Speaker 1: to potentially taking aim at the energy sector in Russia. Well, 712 00:39:19,000 --> 00:39:21,640 Speaker 1: the White House is facing a lot of pressure right 713 00:39:21,640 --> 00:39:25,720 Speaker 1: now to ban US imports of Russian oil. House speaker 714 00:39:25,880 --> 00:39:29,239 Speaker 1: Nancy Pelosi was asked about a potential ban yesterday during 715 00:39:29,239 --> 00:39:32,080 Speaker 1: her pressor. She did not mince words. She said, I'm 716 00:39:32,120 --> 00:39:35,960 Speaker 1: all for that ban it and that is goes against 717 00:39:36,080 --> 00:39:37,640 Speaker 1: kind of what the White where the White House is 718 00:39:37,640 --> 00:39:39,960 Speaker 1: at right now. They've said that doing such a ban 719 00:39:40,120 --> 00:39:43,440 Speaker 1: you could hurt Americans, could hurt gas, could get further 720 00:39:43,640 --> 00:39:47,520 Speaker 1: increased gas prices in the US. But there's a bipartisanship 721 00:39:47,560 --> 00:39:50,640 Speaker 1: building around this issue. You saw legislation introduce that would 722 00:39:50,680 --> 00:39:54,640 Speaker 1: implement a ban from both Republican Senator Lisa Mirikowski and 723 00:39:54,680 --> 00:39:58,120 Speaker 1: Democratic Senator Joe Mansion. And pressure is also coming to 724 00:39:58,120 --> 00:40:01,360 Speaker 1: the White House via oil executive asking Biden to support 725 00:40:01,440 --> 00:40:03,960 Speaker 1: the shell industry and that this is a time that 726 00:40:04,000 --> 00:40:06,560 Speaker 1: the US really needs to go all in on its 727 00:40:06,680 --> 00:40:10,040 Speaker 1: energy sources to keep from relying on Russia. Yeah, it 728 00:40:10,160 --> 00:40:12,719 Speaker 1: was interesting to hear from some of those oil executives 729 00:40:12,760 --> 00:40:15,040 Speaker 1: saying they haven't even had a conversation yet with the 730 00:40:15,040 --> 00:40:17,080 Speaker 1: President or anyone at the White House when it comes 731 00:40:17,120 --> 00:40:21,839 Speaker 1: to supporting US shale. Could there be any movement on 732 00:40:21,880 --> 00:40:24,680 Speaker 1: that score from the Wine House? Well, the White House 733 00:40:24,719 --> 00:40:28,200 Speaker 1: hasn't exactly been bfs with the shell producers. I mean, 734 00:40:28,640 --> 00:40:30,960 Speaker 1: if I didn't, you know, he he really does did 735 00:40:31,000 --> 00:40:33,880 Speaker 1: come in looking to enact a sort of green climate 736 00:40:33,960 --> 00:40:38,359 Speaker 1: agenda with clean energy, uh, and so you haven't seen 737 00:40:38,640 --> 00:40:41,080 Speaker 1: a lot of support for that. But it will be 738 00:40:41,320 --> 00:40:44,600 Speaker 1: very notable to see how this conflict and how the 739 00:40:44,640 --> 00:40:48,040 Speaker 1: current situation might wind up changing that relationship. And it 740 00:40:48,080 --> 00:40:51,720 Speaker 1: does certainly seem like this conflict is escalating very quickly, 741 00:40:51,719 --> 00:40:54,480 Speaker 1: only about a week and a half since the invasion. 742 00:40:54,520 --> 00:40:58,239 Speaker 1: Bloomberg Government reporter Emily Wilkins, thank you for keeping us 743 00:40:58,320 --> 00:41:01,440 Speaker 1: up to speed on what's happened from the perspective of 744 00:41:01,480 --> 00:41:04,640 Speaker 1: the nation's capital. And you can read much more at 745 00:41:04,640 --> 00:41:08,080 Speaker 1: Bloomberg dot com or on the Bloomberg terminal. Listen to 746 00:41:08,080 --> 00:41:10,440 Speaker 1: Bloomberg Radio when you're in Washington, d C. It's at 747 00:41:10,440 --> 00:41:14,000 Speaker 1: Bloomberg one and one oh five point seven FM h 748 00:41:14,160 --> 00:41:16,800 Speaker 1: D two. Karen, all right, Nathan, it is six fifty 749 00:41:16,920 --> 00:41:19,799 Speaker 1: six on Wall Street, and this is Bloomberg Daybreak. And 750 00:41:19,880 --> 00:41:22,640 Speaker 1: March is Women's History Month, and every day this month 751 00:41:22,640 --> 00:41:26,319 Speaker 1: we're celebrating significant moments in women's history. Now if your 752 00:41:26,360 --> 00:41:30,200 Speaker 1: installment for March fourth, here is Bloomberg's Trina Young on 753 00:41:30,280 --> 00:41:33,400 Speaker 1: this day in Women's History. In nineteen thirty three, Francis 754 00:41:33,480 --> 00:41:36,560 Speaker 1: Perkins is sworn in as U S Secretary of Labor, 755 00:41:36,800 --> 00:41:39,239 Speaker 1: making her the first female member of a U S 756 00:41:39,280 --> 00:41:43,920 Speaker 1: presidential cabinet. She served under President Franklin Roosevelt. Prior to 757 00:41:43,960 --> 00:41:47,279 Speaker 1: the White House, Perkins tirelessly fought for workers rights and 758 00:41:47,400 --> 00:41:51,319 Speaker 1: safety in various New York City and state agencies. She 759 00:41:51,480 --> 00:41:53,799 Speaker 1: was one of two cabinet members who served for the 760 00:41:54,040 --> 00:41:58,040 Speaker 1: entirety of the Roosevelt administration. Perkins played an active role 761 00:41:58,080 --> 00:42:01,759 Speaker 1: in developing and enacting a wide range of New Deal programs, 762 00:42:01,960 --> 00:42:06,080 Speaker 1: including the Social Security Act and the Fair Labor Standards Act. 763 00:42:06,400 --> 00:42:09,720 Speaker 1: She also pushed for a minimum wage, a maximum work week, 764 00:42:09,960 --> 00:42:14,120 Speaker 1: and a limit on unemployment of children under sixteen. That's 765 00:42:14,160 --> 00:42:19,200 Speaker 1: today in women's history. I'm Nita Young, Bloomberg Radio. All right, Brinita, 766 00:42:19,239 --> 00:42:21,760 Speaker 1: thank you, and we continue to watch currencies this morning, 767 00:42:21,800 --> 00:42:24,719 Speaker 1: with a euro extending its decline below a dollar ten 768 00:42:24,840 --> 00:42:28,520 Speaker 1: for the first time since May, currently at right now 769 00:42:29,320 --> 00:42:31,920 Speaker 1: one point oh nine seven nine against the dollar at 770 00:42:31,960 --> 00:42:34,560 Speaker 1: the end is at one fifteen point three six and 771 00:42:35,160 --> 00:42:38,480 Speaker 1: the British pound is at one point three to nine zero. 772 00:42:38,840 --> 00:42:42,720 Speaker 1: Bloomer Surveillance is straight ahead with Tom King, Jonathan Farrell, 773 00:42:42,760 --> 00:42:46,080 Speaker 1: and Lisa Abramowitz for Nick and Hagar. I'm para Moscow, 774 00:42:46,239 --> 00:42:47,520 Speaker 1: and this is Bloomberg