1 00:00:02,320 --> 00:00:05,680 Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is is Bloomberg 2 00:00:05,800 --> 00:00:10,320 Speaker 1: Daybreak for Monday, March fourteen. Coming up this hour, Russia 3 00:00:10,400 --> 00:00:14,120 Speaker 1: increases its aerial attacks on Western areas closer to Ukraine's 4 00:00:14,160 --> 00:00:16,320 Speaker 1: porter with Poland, the U S And China bull hold 5 00:00:16,360 --> 00:00:18,720 Speaker 1: their first high level in person thomps since the war 6 00:00:18,840 --> 00:00:22,320 Speaker 1: began of the Wall Street Firm, concerts SMP five hundred 7 00:00:22,320 --> 00:00:24,760 Speaker 1: target and the then they started to raise interest rates. 8 00:00:24,840 --> 00:00:27,319 Speaker 1: This week, the NYPD is looking for a suspect and 9 00:00:27,320 --> 00:00:29,920 Speaker 1: fatally attack homeless men who are sleeping in the streets. 10 00:00:29,920 --> 00:00:32,400 Speaker 1: But plus, North Korea made test at I CBM as 11 00:00:32,400 --> 00:00:35,000 Speaker 1: soon as this week. I'm like the bar more, I'm 12 00:00:35,040 --> 00:00:37,720 Speaker 1: John Stage and sports Tom Brady's But Sireman is over. 13 00:00:37,800 --> 00:00:40,520 Speaker 1: He's back with Sampa Bay. The Yankees made the big trade. 14 00:00:40,560 --> 00:00:45,519 Speaker 1: The Nets beat the next That's all strained ahead on 15 00:00:45,600 --> 00:00:51,080 Speaker 1: Bloomberg day Break on Bloomberg eleven, TREEO, New York, Bloomberg one, Washington, 16 00:00:51,200 --> 00:00:55,040 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, 17 00:00:55,040 --> 00:00:58,720 Speaker 1: San Francisco, Sirius x M one nineteen and around the 18 00:00:58,720 --> 00:01:02,680 Speaker 1: world on bloombergero dot com and via the Bloomberg Business App, 19 00:01:08,000 --> 00:01:10,679 Speaker 1: and good morning. I'm Karen Moscow and I'm John Tucker. 20 00:01:10,680 --> 00:01:14,039 Speaker 1: Bloomberg Day Brank being brought to you by Interactive Brokers 21 00:01:14,080 --> 00:01:17,800 Speaker 1: Simple I b k R Global Trader App. Deposit in 22 00:01:17,800 --> 00:01:21,319 Speaker 1: your local currency, trade stocks in the US, Europe and Asia. 23 00:01:21,600 --> 00:01:23,800 Speaker 1: Start your free trial at I v k R dot 24 00:01:23,800 --> 00:01:27,280 Speaker 1: com slash Global Trader and it is six of one 25 00:01:27,280 --> 00:01:29,319 Speaker 1: on Wall Street and we check the markets every fifteen 26 00:01:29,360 --> 00:01:32,560 Speaker 1: minutes throughout the trading day on Bloomberg. Again, futures are 27 00:01:32,680 --> 00:01:36,040 Speaker 1: higher this morning. SMP futures up forty six points in 28 00:01:36,080 --> 00:01:39,200 Speaker 1: down futures up three hundred ninety four. Nasday futures up 29 00:01:39,240 --> 00:01:43,640 Speaker 1: one fift Tenure Treasury down seconds, the yeld two point 30 00:01:43,880 --> 00:01:46,360 Speaker 1: nine percent, and they yield on the two year one 31 00:01:46,440 --> 00:01:49,280 Speaker 1: point eight one percent. Nine Next, screwed oils down five 32 00:01:49,320 --> 00:01:51,880 Speaker 1: point two percent, John, Karen, We're gonna have more on 33 00:01:51,920 --> 00:01:55,200 Speaker 1: the markets in a minute, but first, negotiators from Russia 34 00:01:55,240 --> 00:01:58,200 Speaker 1: and Ukraine are set to hold more talks today after 35 00:01:58,280 --> 00:02:01,560 Speaker 1: a weekend where Moscow increased to serial attacks on western 36 00:02:01,560 --> 00:02:06,280 Speaker 1: areas closer to Ukraine's border with Poland. Meanwhile, US officials 37 00:02:06,280 --> 00:02:09,240 Speaker 1: say Russia has asked China for military assistance for its 38 00:02:09,240 --> 00:02:12,280 Speaker 1: war in Ukraine. Bloomberg, Amy Morris as more from our 39 00:02:12,400 --> 00:02:16,680 Speaker 1: nine one newsroom in Washington. It appears Vladimir Putin has 40 00:02:16,720 --> 00:02:19,720 Speaker 1: faced more setbacks than he expected in the war with Ukraine, 41 00:02:19,919 --> 00:02:22,760 Speaker 1: when US official tells Bloomberg the request for aid from 42 00:02:22,840 --> 00:02:25,519 Speaker 1: China isn't new, but did not say what kind of 43 00:02:25,560 --> 00:02:29,240 Speaker 1: equipment Moscow is asking for. This As Pentagon spokesman John 44 00:02:29,280 --> 00:02:32,760 Speaker 1: Kirby tells ABC S this week, the US continues to 45 00:02:32,800 --> 00:02:35,720 Speaker 1: back Ukraine. We're going to continue to flow security assistance 46 00:02:35,800 --> 00:02:38,519 Speaker 1: to them, the kinds of things we know they most need, 47 00:02:38,560 --> 00:02:41,040 Speaker 1: the kinds of things that they're using so well. We're 48 00:02:41,040 --> 00:02:43,239 Speaker 1: going to continue to help get them, get them into 49 00:02:43,280 --> 00:02:46,440 Speaker 1: their hands. Meanwhile, Russia attacked the military base that acts 50 00:02:46,440 --> 00:02:49,720 Speaker 1: as a hub for cooperation between Ukraine and NATO countries. 51 00:02:50,080 --> 00:02:52,840 Speaker 1: That raises the possibility the Alliance could be drawn into 52 00:02:52,880 --> 00:02:56,000 Speaker 1: the fight in Washington. I maybe more as Bloomberg Daybreak. 53 00:02:56,080 --> 00:02:57,880 Speaker 1: All right, Amy, thank you the U, S and Shina 54 00:02:57,960 --> 00:03:00,520 Speaker 1: a whole. The first high level in per and talks 55 00:03:00,520 --> 00:03:04,240 Speaker 1: since Russia's full invasion of Ukraine began. More from Bloomberg. 56 00:03:04,320 --> 00:03:07,880 Speaker 1: Stephen Angle in Hong Kong. The National Security Advisor Jake 57 00:03:07,919 --> 00:03:11,680 Speaker 1: Sullivan will be meeting face to face with Young. He 58 00:03:11,840 --> 00:03:15,200 Speaker 1: is China's top diplomat. He is a top ranking official 59 00:03:15,480 --> 00:03:19,080 Speaker 1: on the Politburo. So they are raising, um, you know, 60 00:03:19,120 --> 00:03:22,520 Speaker 1: the level of contact because the White House, while stopping 61 00:03:22,560 --> 00:03:27,640 Speaker 1: short of, you know, outright condemning Beijing's neutral stance. Uh, 62 00:03:27,800 --> 00:03:32,680 Speaker 1: They're trying to court Beijing's efforts to you know, wield 63 00:03:32,720 --> 00:03:37,600 Speaker 1: its influence on Moscow to a enforce the sanctions and 64 00:03:37,720 --> 00:03:42,480 Speaker 1: as well, of course, ultimately help persuade Vladimir Putin to 65 00:03:42,680 --> 00:03:46,520 Speaker 1: end his war in Ukraine. Blob Stephen Angle says the 66 00:03:46,560 --> 00:03:50,600 Speaker 1: meeting will take place in Rome. Russian prosecutors reportedly are 67 00:03:50,680 --> 00:03:54,360 Speaker 1: threatening US companies such as McDonald's, Young Brands and IBM 68 00:03:54,640 --> 00:03:58,120 Speaker 1: for criticizing the government there or pulling out of the country. 69 00:03:58,360 --> 00:04:01,240 Speaker 1: According to The Wall Street Journal, assets could be seized 70 00:04:01,320 --> 00:04:04,400 Speaker 1: or corporate leaders could be targeted for arrest. Well John 71 00:04:04,440 --> 00:04:08,200 Speaker 1: Eleons Tief Economic advisor muhammedd Alarian said the economic fallout 72 00:04:08,240 --> 00:04:11,240 Speaker 1: from a Russian president Vladimir Putin's full scale invasion of 73 00:04:11,360 --> 00:04:15,320 Speaker 1: Ukraine is likely to include a further pickup in US inflation. 74 00:04:15,720 --> 00:04:19,440 Speaker 1: There will be a putent inflation component. I estimate that 75 00:04:19,720 --> 00:04:22,800 Speaker 1: at seven point nine percent, we will probably get very 76 00:04:22,800 --> 00:04:26,640 Speaker 1: close or above ten percent before we come down, and 77 00:04:26,720 --> 00:04:31,480 Speaker 1: that difference will be all because of the disruption that 78 00:04:31,560 --> 00:04:36,480 Speaker 1: Putin's war imply for commodity prices, supply chains, and shipments. 79 00:04:36,760 --> 00:04:39,839 Speaker 1: Muhammad Alarian, who is also a Bloomberg contributor, made the 80 00:04:39,839 --> 00:04:42,640 Speaker 1: comments on CBSS Face the Nation, which can be heard 81 00:04:42,720 --> 00:04:45,920 Speaker 1: Sundays on Bloomberg Radio. The inflation is a key reason 82 00:04:46,000 --> 00:04:49,320 Speaker 1: why investors expected the Feeder Reserved to begin raising interest 83 00:04:49,400 --> 00:04:52,880 Speaker 1: rates this week. Let's get more from Bloomberg's Vineydale Judais. 84 00:04:53,240 --> 00:04:55,880 Speaker 1: The fit meets Tuesday and Wednesday in central bankers the 85 00:04:56,040 --> 00:04:59,640 Speaker 1: signalville lift rates after a big cut tenure zero at 86 00:04:59,640 --> 00:05:03,239 Speaker 1: the start of the pandemic in March. Americans are losing 87 00:05:03,240 --> 00:05:05,240 Speaker 1: ground to inflation and that's putting a big dent and 88 00:05:05,279 --> 00:05:08,720 Speaker 1: consumer confidence lows going back to the financial crisis more 89 00:05:08,760 --> 00:05:12,520 Speaker 1: than a decade ago. Data Tuesday. In February, wholesale prices 90 00:05:12,560 --> 00:05:15,039 Speaker 1: could show a year over year gain of ten percent. 91 00:05:15,560 --> 00:05:19,000 Speaker 1: Three Kink reports this week retail sales and industrial production 92 00:05:19,200 --> 00:05:22,839 Speaker 1: good point to moderating economic growth across the US. Bene 93 00:05:23,200 --> 00:05:25,520 Speaker 1: Judae s Bloomberg day Break, Right, Pennie, thank you a 94 00:05:25,640 --> 00:05:28,799 Speaker 1: higher interest rates at commodity crunch and the war has 95 00:05:28,880 --> 00:05:31,960 Speaker 1: one Wall Street firm cutting at stock targets once again. 96 00:05:32,080 --> 00:05:34,640 Speaker 1: We get the latest live from Bloomberg's rayed A Young. 97 00:05:34,680 --> 00:05:37,200 Speaker 1: Good morning, ra Day to good morning Karen. Goldman. Sachs 98 00:05:37,279 --> 00:05:40,200 Speaker 1: strategists are lowering their S and P five hundred target 99 00:05:40,240 --> 00:05:44,800 Speaker 1: for the second time in a month, this time from hundred. 100 00:05:45,080 --> 00:05:49,040 Speaker 1: The index closed at just above forty two hundred on Friday. 101 00:05:49,120 --> 00:05:52,200 Speaker 1: It comes as the global commodity crunch, triggered by Russia's 102 00:05:52,200 --> 00:05:56,680 Speaker 1: invasion of Ukraine, deepened the slump in US stocks last month. 103 00:05:56,760 --> 00:06:00,240 Speaker 1: Goldman cut its initial year in target of fifty weeks 104 00:06:00,240 --> 00:06:02,880 Speaker 1: for the S and P five d Live in New York. 105 00:06:02,920 --> 00:06:05,960 Speaker 1: I'm gonna Young, Bloomberg Daybreak, Thanks for Anita, how you 106 00:06:06,120 --> 00:06:09,159 Speaker 1: sell off overnight in tech stocks in the Asia? Let's 107 00:06:09,200 --> 00:06:13,520 Speaker 1: get the ricam from Bloomberg's Juliet Sally in Singapore. Good morning, Juliet, 108 00:06:13,640 --> 00:06:15,440 Speaker 1: Good morning John and Karen. A plunge of as much 109 00:06:15,480 --> 00:06:17,440 Speaker 1: as eight and a half percent in a gauge of 110 00:06:17,520 --> 00:06:21,360 Speaker 1: Chinese tech firms listed in Hong Kong reverberated around the region, 111 00:06:21,720 --> 00:06:23,960 Speaker 1: leaving the m c I Asia Pacific Index in the 112 00:06:24,000 --> 00:06:27,400 Speaker 1: red for a second session. A COVID lockdown in Shenjen, 113 00:06:27,480 --> 00:06:30,960 Speaker 1: which is a tech hub, added to geopolitical and regulatory 114 00:06:31,040 --> 00:06:34,760 Speaker 1: risks facing the sector. A Bloomberg Intelligence gauge tracking Macau 115 00:06:34,880 --> 00:06:37,440 Speaker 1: gaming and casino stocks slumped as much as nine percent 116 00:06:37,560 --> 00:06:40,000 Speaker 1: to a record low as China place the southern city 117 00:06:40,040 --> 00:06:43,000 Speaker 1: into lockdown and elsewhere. A week again saw the negate 118 00:06:43,080 --> 00:06:45,359 Speaker 1: two to five games six tenths of one percent in 119 00:06:45,400 --> 00:06:49,560 Speaker 1: Tokyo in Singapore. Juliet Sally Bloomberg daybreak Right Julia, thank 120 00:06:49,600 --> 00:06:52,520 Speaker 1: you well. Bitcoin, Ether and dogecoin got a quick boost 121 00:06:52,560 --> 00:06:55,279 Speaker 1: today after Elon Musk tweeted that he owns the digital 122 00:06:55,320 --> 00:06:58,400 Speaker 1: tokens and is not planning to sell Bitcoin, which has 123 00:06:58,400 --> 00:07:02,000 Speaker 1: fallen almost three percent before a Musk's tweet. Right now 124 00:07:02,440 --> 00:07:05,479 Speaker 1: is trading at thirty nine thousand, one hundred seven dollars 125 00:07:05,520 --> 00:07:09,279 Speaker 1: sets up about one point one percent. Future is also higher. 126 00:07:09,520 --> 00:07:12,240 Speaker 1: SNP futures up forty three points down, futures up three 127 00:07:12,280 --> 00:07:15,480 Speaker 1: hundred seventy two, nowsday futures up one hundred ten Straight 128 00:07:15,480 --> 00:07:18,400 Speaker 1: ahead your latest local headlines plus a check of sports 129 00:07:18,520 --> 00:07:25,200 Speaker 1: and missus Bloomberg. All right, thanks Karen wall Street, and 130 00:07:25,400 --> 00:07:27,760 Speaker 1: time to bring in Michael Barr to find out what 131 00:07:27,800 --> 00:07:30,680 Speaker 1: else is going on in New York at around the world, Ton, 132 00:07:30,760 --> 00:07:32,880 Speaker 1: Thank you very much, Sarah. Police say they are searching 133 00:07:32,920 --> 00:07:35,680 Speaker 1: for a man who is believed to have attacked multiple 134 00:07:35,760 --> 00:07:38,200 Speaker 1: people who were sleeping on the streets in New York 135 00:07:38,200 --> 00:07:41,920 Speaker 1: City and Washington, d C, killing two of his victims 136 00:07:41,960 --> 00:07:45,760 Speaker 1: and injuring three others. DC police said they are working 137 00:07:45,760 --> 00:07:48,679 Speaker 1: with the NYPD to find a man who fatally shot 138 00:07:48,720 --> 00:07:51,559 Speaker 1: and stabbed a man in the district and killed another 139 00:07:51,560 --> 00:07:54,560 Speaker 1: man Saturday in New York City. New York Mayor Eric 140 00:07:54,600 --> 00:07:58,080 Speaker 1: Adams as a city task force would focus on finding 141 00:07:58,080 --> 00:08:01,440 Speaker 1: homeless people in the subways and other locations, and urged 142 00:08:01,480 --> 00:08:04,680 Speaker 1: them to take refuge at city owned shelters. We're going 143 00:08:04,720 --> 00:08:08,920 Speaker 1: to take extra steps to encourage individuals to go into 144 00:08:08,960 --> 00:08:13,920 Speaker 1: the shelters for safety reasons as well as the coming 145 00:08:14,680 --> 00:08:17,920 Speaker 1: weather condition. Mayor Adams says this is a clear case 146 00:08:18,000 --> 00:08:21,120 Speaker 1: of how there are too many illegal guns on the streets. 147 00:08:21,520 --> 00:08:24,080 Speaker 1: New York City Police say they have identified the man, 148 00:08:24,160 --> 00:08:26,800 Speaker 1: who they say staff two employees of the Museum of 149 00:08:26,880 --> 00:08:30,680 Speaker 1: Modern Art. Video released by police shows a man identified 150 00:08:30,720 --> 00:08:34,160 Speaker 1: as sixty year old Gary Cabana entering the Museoleum lobby 151 00:08:34,240 --> 00:08:37,240 Speaker 1: through a revolving door, then climbing onto the desk and 152 00:08:37,320 --> 00:08:41,080 Speaker 1: leaping over it before cornering the two employees and stabbing them. 153 00:08:41,320 --> 00:08:44,960 Speaker 1: Authorities say the employees suffered non life threatening injuries. North 154 00:08:45,040 --> 00:08:48,080 Speaker 1: Korea could reportedly launch an i CBM as soon as 155 00:08:48,160 --> 00:08:51,480 Speaker 1: this week. That's according to the Nonhap news agency. It 156 00:08:51,520 --> 00:08:55,280 Speaker 1: would be its most serious provocation in five years. New 157 00:08:55,360 --> 00:08:58,880 Speaker 1: York City Health Commissioner Dave Choshky is talking about the 158 00:08:58,960 --> 00:09:03,439 Speaker 1: mental health from the spread of COVID nineteen. Dr Chotsky 159 00:09:03,559 --> 00:09:07,040 Speaker 1: says that even members of his own families struggled emotionally 160 00:09:07,200 --> 00:09:10,200 Speaker 1: due to the impact from the coronavirus. Many people have 161 00:09:10,360 --> 00:09:13,880 Speaker 1: not actually been asked about, but then when you do, 162 00:09:14,480 --> 00:09:17,360 Speaker 1: there is this opening up that occurs because so many 163 00:09:17,440 --> 00:09:22,680 Speaker 1: people have felt disconnected in some way. Dr Chotsky plans 164 00:09:22,679 --> 00:09:25,200 Speaker 1: on stepping down today. A ceremony will be held to 165 00:09:25,240 --> 00:09:28,560 Speaker 1: mark his last day as New York City's health commissioner. 166 00:09:29,240 --> 00:09:34,040 Speaker 1: Former President Barack Obama has announced that he has COVID nineteen. 167 00:09:34,400 --> 00:09:37,200 Speaker 1: He says, outside of a scratchy throat, he feels fun. 168 00:09:37,640 --> 00:09:40,480 Speaker 1: Oscar winning actor William Hurd has died at age seventy one. 169 00:09:40,520 --> 00:09:43,839 Speaker 1: His films include Broadcast News and The Big Chill. Her 170 00:09:43,960 --> 00:09:45,880 Speaker 1: Son set in a statement that his father died of 171 00:09:45,960 --> 00:09:49,120 Speaker 1: natural causes. Global News twenty four hours a day on 172 00:09:49,200 --> 00:09:52,600 Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty 173 00:09:52,720 --> 00:09:55,520 Speaker 1: seven hundred journalists and analysts more than a hundred twenty countries. 174 00:09:55,920 --> 00:10:03,080 Speaker 1: Michael bar this is Bloomberg, John, Michael, thank you, And 175 00:10:03,200 --> 00:10:05,440 Speaker 1: it's now six or nine of Wall Street. Time for 176 00:10:05,520 --> 00:10:09,640 Speaker 1: the Bloomberg Sports Update. Here's John Stenshower. John, that was quick. 177 00:10:09,679 --> 00:10:13,600 Speaker 1: Tom Brady retired on February first, forty days later changed 178 00:10:13,600 --> 00:10:15,880 Speaker 1: his mind, sending a statement that time will come, but 179 00:10:16,000 --> 00:10:18,400 Speaker 1: it's not now. My place is on the field, not 180 00:10:18,520 --> 00:10:21,120 Speaker 1: in the stands. He's forty four, not as if he 181 00:10:21,160 --> 00:10:23,440 Speaker 1: can't play anymore. Just had a terrific season with Tampa 182 00:10:23,440 --> 00:10:25,320 Speaker 1: Bay and now he'll play a third season with the 183 00:10:25,360 --> 00:10:28,440 Speaker 1: Bucks after twenty in New England. In Tampa, the Yankees 184 00:10:28,480 --> 00:10:30,560 Speaker 1: just held their first official team workout, then made a 185 00:10:30,559 --> 00:10:34,679 Speaker 1: big trade with the Minnesota Twins, sent packing Gary Sanchez, 186 00:10:34,720 --> 00:10:37,760 Speaker 1: the Yanks starting catcher since two thousand seventeen and g 187 00:10:37,920 --> 00:10:40,600 Speaker 1: o Or Shella. They're starting third baseman. The last three seasons, 188 00:10:40,600 --> 00:10:43,440 Speaker 1: the Yanks acquired a new left side of the infield, 189 00:10:43,559 --> 00:10:47,640 Speaker 1: veteran third baseman Jock Donaldson and shortstop Isaiah Kiner for 190 00:10:47,840 --> 00:10:50,080 Speaker 1: left twenty six year old was a good glove winning 191 00:10:50,360 --> 00:10:53,679 Speaker 1: third baseman with Texas and they moved him to shortstop 192 00:10:53,960 --> 00:10:57,079 Speaker 1: last season. The Rangers treated him to the Twins on Saturday, 193 00:10:57,480 --> 00:11:00,640 Speaker 1: and the next day the Twins shipped them to the Nets. 194 00:11:00,679 --> 00:11:03,160 Speaker 1: Beat the next once and one oh seven Kevin Rants 195 00:11:03,200 --> 00:11:07,440 Speaker 1: toward fifty three point. The unvaccinated Kyrie Irving not allowed 196 00:11:07,440 --> 00:11:09,040 Speaker 1: to play home games, but he was at the Parkley 197 00:11:09,120 --> 00:11:11,880 Speaker 1: Center sitting in the stands. That led k D to 198 00:11:12,000 --> 00:11:15,679 Speaker 1: reach out to New York City Mayor Eric Adams. When 199 00:11:15,720 --> 00:11:19,440 Speaker 1: I say, Eric, you gotta you gotta figure something out, man, 200 00:11:19,520 --> 00:11:23,800 Speaker 1: because you know it's looking crazy, especially on national TV, 201 00:11:24,040 --> 00:11:26,560 Speaker 1: and he can come to the game and I play like, 202 00:11:26,720 --> 00:11:30,240 Speaker 1: come on. The mayor has said, since some city workers 203 00:11:30,240 --> 00:11:32,720 Speaker 1: lost their jobs for not getting the vaccine, Irving should 204 00:11:32,760 --> 00:11:35,199 Speaker 1: not get special treatment. Eislanders beat the Ducks for three 205 00:11:35,280 --> 00:11:37,240 Speaker 1: n C double A tournament field and as Rutgers will 206 00:11:37,240 --> 00:11:40,680 Speaker 1: play Notre Dame on Wednesday. Seaton All takes on TCU 207 00:11:40,760 --> 00:11:44,160 Speaker 1: on Friday. John Stash Bloomberg Sports. Yoh, all right, thanks 208 00:11:44,200 --> 00:11:45,840 Speaker 1: John Han. I head that you can't show up at 209 00:11:45,840 --> 00:11:48,160 Speaker 1: Off Wall Street. Futures in the US and the green 210 00:11:48,240 --> 00:11:53,480 Speaker 1: right now down futures threety two points, SMP futures thirty 211 00:11:53,600 --> 00:11:58,199 Speaker 1: nine points higher, ATTIC futures right now ninety three points. 212 00:11:58,559 --> 00:12:08,280 Speaker 1: You're listening to Bloomberg day Break and just ahead on 213 00:12:08,320 --> 00:12:11,520 Speaker 1: Bloomberg day Break and update on the war in Ukraine. 214 00:12:11,640 --> 00:12:15,160 Speaker 1: Some key developments of this morning will do great Bloomberg's 215 00:12:15,240 --> 00:12:24,040 Speaker 1: and the current. This is Bloomberg Markets, headlines and breaking 216 00:12:24,080 --> 00:12:26,960 Speaker 1: news twenty four hours a day at Bloomberg dot Com, 217 00:12:27,080 --> 00:12:30,600 Speaker 1: the Bloomberg Business at and at Bloomberg Quick Tape. He's 218 00:12:30,640 --> 00:12:40,040 Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow. Stocks in 219 00:12:40,080 --> 00:12:43,320 Speaker 1: Europe are climbing, climbing along with you, as stock index futures, 220 00:12:43,360 --> 00:12:46,199 Speaker 1: as negotiators from Russia and Ukraine prepared for a new 221 00:12:46,280 --> 00:12:49,199 Speaker 1: route of talks, a global bond route deepening, with the 222 00:12:49,280 --> 00:12:51,440 Speaker 1: yields in the five and ten year treasury rising to 223 00:12:51,440 --> 00:12:54,800 Speaker 1: their highest. Since you check the markets, every fifteen minutes 224 00:12:54,840 --> 00:12:56,920 Speaker 1: throughout the trading day on Bloomberg, U S and P 225 00:12:57,120 --> 00:12:59,920 Speaker 1: futures up about forty points down, futures up three d 226 00:13:00,000 --> 00:13:03,200 Speaker 1: at six NASDACK futures have ninety seven the decks in 227 00:13:03,240 --> 00:13:06,080 Speaker 1: Germany is up two point eight percent. Pen Your treasury 228 00:13:06,080 --> 00:13:08,720 Speaker 1: down twenty six thirty seconds yield two point eight percent. 229 00:13:08,800 --> 00:13:11,840 Speaker 1: They yield on the two year one point eight one percent. Nine. 230 00:13:11,880 --> 00:13:14,880 Speaker 1: Mex scut oil is down four point eight percent on 231 00:13:15,000 --> 00:13:17,200 Speaker 1: five dollars twenty five cents at a hundred four dollars 232 00:13:17,240 --> 00:13:19,520 Speaker 1: eight cents of barrel. Comex school there is down nine 233 00:13:19,559 --> 00:13:22,560 Speaker 1: tenths percent, or seventeen dollars fifty cents at nineteen sixty 234 00:13:22,600 --> 00:13:25,640 Speaker 1: seven fifty announced. The euro one point o nine seven 235 00:13:25,720 --> 00:13:28,160 Speaker 1: five against the dollar, British pound one point three zero 236 00:13:28,240 --> 00:13:31,880 Speaker 1: four and nine, the yennis at one seventeen point nine four, 237 00:13:32,160 --> 00:13:35,079 Speaker 1: and Bitcoin this morning up about one percent at thirty 238 00:13:35,160 --> 00:13:38,600 Speaker 1: nine thousand, sixty dollars. That's a Bloomberg business flash. Now 239 00:13:38,640 --> 00:13:40,920 Speaker 1: here's Michael Barro with more on what's going on around 240 00:13:40,920 --> 00:13:44,079 Speaker 1: the world. Michael Karen, thank you very much. Russia's military 241 00:13:44,120 --> 00:13:47,480 Speaker 1: forces they're keeping up their campaign to capture Ukraine's capital, 242 00:13:47,840 --> 00:13:51,040 Speaker 1: as residents of other besieged cities hold out hope that 243 00:13:51,160 --> 00:13:54,439 Speaker 1: renewed diplomatic talks might open the way for more civilians 244 00:13:54,480 --> 00:13:58,280 Speaker 1: to evacuate or emergency supplies to reach them. Day after 245 00:13:58,440 --> 00:14:00,960 Speaker 1: expanding the war in Ukraine with an air strike on 246 00:14:00,960 --> 00:14:04,400 Speaker 1: a military base close to the Polish border, Russian forces 247 00:14:04,440 --> 00:14:08,440 Speaker 1: fired artillery on suburbs north and east of Kiev. NFL 248 00:14:08,520 --> 00:14:12,280 Speaker 1: superstar Tom Bradie announced that his short lived retirement is over. 249 00:14:12,720 --> 00:14:15,199 Speaker 1: Brady posted on Instagram that he will return for a 250 00:14:15,240 --> 00:14:18,560 Speaker 1: twenty third season with the Tampa Bay Buccaneers in baseball. 251 00:14:18,679 --> 00:14:21,800 Speaker 1: A big trade for the Yankees. They have acquired former 252 00:14:21,920 --> 00:14:25,480 Speaker 1: a l m v P Josh Donaldson, shortstop Isaiah Kinner 253 00:14:25,720 --> 00:14:29,160 Speaker 1: the left and back up catcher Men Roortveldt from the 254 00:14:29,200 --> 00:14:33,400 Speaker 1: Minnesota Twins for catcher Gary Sanchez and third baseman. Geo 255 00:14:33,600 --> 00:14:36,560 Speaker 1: or Selle. Global News twenty four hours a day on 256 00:14:36,640 --> 00:14:39,960 Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty 257 00:14:40,000 --> 00:14:43,160 Speaker 1: seven journalists and analysts more than a hundred twenty countries, 258 00:14:43,320 --> 00:14:45,520 Speaker 1: and Michael Barr, This is Bloomberg. John all right, Michael, 259 00:14:45,560 --> 00:14:48,000 Speaker 1: thank you very much. Six twenty on Wall Street bird 260 00:14:48,040 --> 00:14:51,960 Speaker 1: life from the Bloomberg intracta Broker Studios. This is Bloomberg 261 00:14:51,960 --> 00:14:54,840 Speaker 1: tape ray. Couple of key developments this morning of the 262 00:14:54,840 --> 00:14:58,840 Speaker 1: war in Ukraine. The U S S Russia saw Chinese 263 00:14:58,920 --> 00:15:01,960 Speaker 1: military aid for the war and an aid. The President 264 00:15:02,000 --> 00:15:04,480 Speaker 1: Band is going to meet with China's top diplomat today. 265 00:15:04,880 --> 00:15:06,720 Speaker 1: Joining us now for the update and the current. The 266 00:15:06,800 --> 00:15:11,160 Speaker 1: chief Asia Economics correspondent for Bloomberg. Hey, um and always 267 00:15:11,160 --> 00:15:13,400 Speaker 1: good to talk to you. Explain to me the relationship 268 00:15:13,440 --> 00:15:17,000 Speaker 1: between Russia and China. Does Russia needs China more than 269 00:15:17,080 --> 00:15:21,400 Speaker 1: China needs Russia. Well, there's both been growing a trade 270 00:15:21,440 --> 00:15:25,120 Speaker 1: relationship in recent years. China of course a big importer 271 00:15:25,200 --> 00:15:28,600 Speaker 1: of energy from Russia, and Russia of course a big 272 00:15:28,600 --> 00:15:32,440 Speaker 1: import reporter of merchandise goods. That trade has led to 273 00:15:32,520 --> 00:15:36,320 Speaker 1: more broader strategic corporation and closed the lines between two countries. 274 00:15:36,320 --> 00:15:39,320 Speaker 1: And indeed, more recent years President she and Petner said 275 00:15:39,320 --> 00:15:41,680 Speaker 1: to have had developed a good report and that's what 276 00:15:41,760 --> 00:15:44,480 Speaker 1: culminated in a few weeks ago at the Winter Olympics, 277 00:15:44,720 --> 00:15:47,800 Speaker 1: this communicate between both countries and that there was no 278 00:15:47,920 --> 00:15:50,840 Speaker 1: limits to their friendship. To help the back dup those 279 00:15:50,920 --> 00:15:54,480 Speaker 1: deepening economic and strategical at the back, dup through the 280 00:15:54,720 --> 00:15:56,920 Speaker 1: bind that China is now in when it comes to 281 00:15:57,000 --> 00:15:59,640 Speaker 1: Russia's invasion all of the Ukraine. On the one hand, 282 00:15:59,680 --> 00:16:03,440 Speaker 1: of course China preaches this added respect sovereignty of nations 283 00:16:04,840 --> 00:16:07,640 Speaker 1: and in relations, but it has yet to condemn this 284 00:16:07,840 --> 00:16:10,440 Speaker 1: invasion at right or even used the word invasion or 285 00:16:10,480 --> 00:16:12,400 Speaker 1: kind of trying to start on both sides a bit. 286 00:16:12,440 --> 00:16:14,240 Speaker 1: So that's why I think most people will be looking 287 00:16:14,280 --> 00:16:16,120 Speaker 1: to the talks and Rome to see if a dood 288 00:16:16,160 --> 00:16:19,040 Speaker 1: lead to any kind of breakthrough in that front. Yeah, 289 00:16:19,240 --> 00:16:21,880 Speaker 1: that's likely to be chief on the agenda with those 290 00:16:21,920 --> 00:16:24,440 Speaker 1: talks in Rome that are a schedule to take place today. 291 00:16:25,120 --> 00:16:29,160 Speaker 1: What's the likelihood you want to gain the the odds 292 00:16:29,200 --> 00:16:33,760 Speaker 1: of China actually delivering aid in the form of military 293 00:16:33,760 --> 00:16:37,680 Speaker 1: equipment to Russia. Well, that indeed, that's news coming out 294 00:16:37,680 --> 00:16:41,080 Speaker 1: of Washington. Obviously I would put the relations in both 295 00:16:41,080 --> 00:16:43,760 Speaker 1: on a whole new level given the contact of the invasion. 296 00:16:44,000 --> 00:16:46,720 Speaker 1: But even before we get to that, as I mentioned earlier, 297 00:16:46,760 --> 00:16:49,160 Speaker 1: we have to see if China is going to double 298 00:16:49,240 --> 00:16:52,800 Speaker 1: down on a talkish language when it comes to Russia. 299 00:16:53,120 --> 00:16:55,800 Speaker 1: As I say, most observati would say that's inconsistent with 300 00:16:55,960 --> 00:16:57,920 Speaker 1: China stands in the parts it kind of tries to 301 00:16:57,960 --> 00:16:59,960 Speaker 1: be seen as a good global citizen, regardless of one 302 00:17:00,200 --> 00:17:03,440 Speaker 1: use of its internal partlity system. So there are question 303 00:17:03,480 --> 00:17:05,560 Speaker 1: marks over chinage downs on that. But then on a 304 00:17:05,640 --> 00:17:09,879 Speaker 1: more micro level, question marks over will China observe the 305 00:17:10,000 --> 00:17:13,760 Speaker 1: sanctions to the letter when it ensures companies aren't funneling 306 00:17:13,920 --> 00:17:17,040 Speaker 1: either good or finance Russia. Most alims would say China 307 00:17:17,080 --> 00:17:19,359 Speaker 1: will want to observe those sanctions, but there's still an 308 00:17:19,359 --> 00:17:22,000 Speaker 1: open question around that. And then of course there's a 309 00:17:22,080 --> 00:17:24,880 Speaker 1: question around what role of China looks to play if 310 00:17:24,880 --> 00:17:27,320 Speaker 1: it does lets play a role as a peace mediator. Again, 311 00:17:27,320 --> 00:17:29,840 Speaker 1: it has said it wants to be an end to 312 00:17:29,840 --> 00:17:32,080 Speaker 1: the conflict and it wants to be peace there, but 313 00:17:32,240 --> 00:17:35,520 Speaker 1: it hasn't put much by way of hasn't put much 314 00:17:35,520 --> 00:17:37,239 Speaker 1: of my way of play proposals on the table as 315 00:17:37,280 --> 00:17:38,960 Speaker 1: to how it goes about that. And now, of course 316 00:17:39,200 --> 00:17:40,639 Speaker 1: we got back to your up in question. If we'll 317 00:17:40,640 --> 00:17:42,920 Speaker 1: get to a point where Russia is China is supplying 318 00:17:43,000 --> 00:17:45,159 Speaker 1: arms to Russia in the conduct of this invasion, that 319 00:17:45,200 --> 00:17:47,920 Speaker 1: would mean of course all better off as China being 320 00:17:47,960 --> 00:17:52,119 Speaker 1: an independent mediator, but as a global citizen or a 321 00:17:52,280 --> 00:17:55,640 Speaker 1: want to be global global citizen, China has a lot 322 00:17:55,720 --> 00:17:59,000 Speaker 1: at stake here. It does have its trade initiatives, Belton 323 00:18:00,440 --> 00:18:06,320 Speaker 1: the initiative with the European countries, Belting Road initiatives. That's 324 00:18:06,359 --> 00:18:10,600 Speaker 1: really at stake here, is it not? Is it at risk? Well, 325 00:18:10,760 --> 00:18:13,360 Speaker 1: the building Road you can argue it's probably lost some focus. 326 00:18:13,440 --> 00:18:16,800 Speaker 1: It is president shooting being signature project, but I think 327 00:18:16,800 --> 00:18:18,960 Speaker 1: it's kind of lost some focus in recent years when 328 00:18:19,000 --> 00:18:22,080 Speaker 1: it comes to China's focus on overseas trade, has been 329 00:18:22,119 --> 00:18:25,200 Speaker 1: growing its trade at its fairly rapid clips throughout the 330 00:18:25,240 --> 00:18:28,000 Speaker 1: pandemic with both Europe and the US, and I think 331 00:18:28,280 --> 00:18:33,520 Speaker 1: what that stake is a lot of the of the 332 00:18:33,640 --> 00:18:35,400 Speaker 1: good will. It might be too strong reward, but China 333 00:18:35,440 --> 00:18:38,080 Speaker 1: has certainly been keen to cozy up or build better 334 00:18:38,080 --> 00:18:41,520 Speaker 1: relations with Europe, for example, build better relations with countries 335 00:18:41,520 --> 00:18:45,440 Speaker 1: and AFCA, build relations with Latin America as relations soured 336 00:18:45,480 --> 00:18:49,160 Speaker 1: with the US, under the feeling that if this global 337 00:18:49,200 --> 00:18:51,840 Speaker 1: alliance such as it is against the Russia's action does 338 00:18:51,880 --> 00:18:54,320 Speaker 1: maintain and does hold up, that will continue to put 339 00:18:54,359 --> 00:18:58,480 Speaker 1: pressure on China and risks perhaps you know, decoupling or 340 00:18:58,480 --> 00:19:02,280 Speaker 1: isolating China from because of the world economy. Now all 341 00:19:02,320 --> 00:19:05,639 Speaker 1: of it is high level. China remains deeply cloke in 342 00:19:05,840 --> 00:19:08,679 Speaker 1: the global economy. It's not going to be isolated in 343 00:19:08,680 --> 00:19:11,560 Speaker 1: a way that Russia can be in the short term, 344 00:19:11,760 --> 00:19:13,520 Speaker 1: but at the very least, I think a lot of 345 00:19:13,520 --> 00:19:17,159 Speaker 1: people would say that Shina being seen to be on 346 00:19:17,280 --> 00:19:20,480 Speaker 1: Russia's side and its conflict is damaging for its glow. 347 00:19:20,600 --> 00:19:24,280 Speaker 1: It's international funding and always a pleasure in occurrent the 348 00:19:24,320 --> 00:19:27,960 Speaker 1: chief Asia economics correspondent for Bloomberg, as we look at 349 00:19:28,000 --> 00:19:30,879 Speaker 1: the markets right now ahead of the opening in on 350 00:19:31,040 --> 00:19:34,280 Speaker 1: Wall Street, down futures right now up three thirty nine points, 351 00:19:34,520 --> 00:19:37,800 Speaker 1: that's a rise of one percent, SMP futures thirty eight 352 00:19:37,840 --> 00:19:40,119 Speaker 1: points higher, that's a nine tenths of a percent, and 353 00:19:40,280 --> 00:19:43,760 Speaker 1: the nasdac emnate futures right now of nine points. That's 354 00:19:43,760 --> 00:19:47,800 Speaker 1: a rise of seven tenths of eight percent. And as 355 00:19:47,880 --> 00:19:51,240 Speaker 1: we look to treasuries right now, the tenure yield two 356 00:19:51,320 --> 00:19:55,240 Speaker 1: point zero nine percent, that's up ten basis points this morning. 357 00:19:55,560 --> 00:19:58,359 Speaker 1: The two year yield at one point eight two percent, 358 00:19:59,119 --> 00:20:02,400 Speaker 1: that is of seven basis points. You're listening to Bloomberg 359 00:20:02,480 --> 00:20:08,200 Speaker 1: Daybreak day Break brought to you by Audie. Don't let 360 00:20:08,200 --> 00:20:10,159 Speaker 1: someone else drive off of the Audie model of you. 361 00:20:10,280 --> 00:20:13,159 Speaker 1: Voways wanted. Visit your try state area Autie Dealer again 362 00:20:13,200 --> 00:20:16,080 Speaker 1: behind the wheel of yours today, or visit Autie aupers 363 00:20:16,119 --> 00:20:25,040 Speaker 1: dot com for reinformation. Broadcasting live from the Bloomberg Interactive 364 00:20:25,080 --> 00:20:28,119 Speaker 1: Broker Studio in New York, Bloomberg E Living free on 365 00:20:28,320 --> 00:20:32,400 Speaker 1: to Washington, d C, Bloomberg one to Boston, Bloomberg one 366 00:20:32,400 --> 00:20:35,600 Speaker 1: O six one to San Francisco, Bloomberg No. Sixt to 367 00:20:35,680 --> 00:20:39,240 Speaker 1: the country, Sirius XM H one nine and around the globe, 368 00:20:39,320 --> 00:20:42,960 Speaker 1: the Bloomberg Business app and Bloomberg Radio dot com. This 369 00:20:43,280 --> 00:20:51,320 Speaker 1: is Bloomberg Daybreak. He has six thirty on Wall Street. 370 00:20:51,320 --> 00:20:54,359 Speaker 1: Good morning, I'm John Tucker and I'm Karen Moscow. We're 371 00:20:54,400 --> 00:20:57,040 Speaker 1: just about three hours away from the open of US trading. 372 00:20:57,080 --> 00:20:59,000 Speaker 1: It's time for the five things you need to notice. 373 00:20:59,000 --> 00:21:02,960 Speaker 1: Start your day. Ron to you by Interactive Brokers. Interactive 374 00:21:03,000 --> 00:21:06,040 Speaker 1: Brokers charges margin loan rates from zero point seven five 375 00:21:06,480 --> 00:21:09,400 Speaker 1: to one point five eight percent great subject to change. 376 00:21:09,520 --> 00:21:13,359 Speaker 1: Learn more at ibkr dot com. Slash compare up First. 377 00:21:13,400 --> 00:21:15,920 Speaker 1: The United States plans to hold its first high level 378 00:21:15,960 --> 00:21:19,760 Speaker 1: in person talks with China since Russia's invasion of Ukraine began. 379 00:21:20,240 --> 00:21:22,640 Speaker 1: It comes as the U says Russia has asked China 380 00:21:22,720 --> 00:21:26,240 Speaker 1: for military equipment to support its invasion. Bloomberg's ad Baxter 381 00:21:26,440 --> 00:21:29,480 Speaker 1: has the story. The U s says nobody should help 382 00:21:29,520 --> 00:21:33,600 Speaker 1: replace Russian losses during the invasion. National Security Advisor Jake 383 00:21:33,680 --> 00:21:36,480 Speaker 1: Sullivan heads to Rome today for high level talks with 384 00:21:36,680 --> 00:21:41,400 Speaker 1: China's top foreign policy official, Young J. Sheer. Meanwhile, Russia 385 00:21:41,520 --> 00:21:45,360 Speaker 1: has shelled a Ukrainian military base ten miles away from 386 00:21:45,400 --> 00:21:49,200 Speaker 1: the border with Poland, and Sullivan says if anything lands 387 00:21:49,240 --> 00:21:52,840 Speaker 1: in Poland, NATO will respond that the United States will 388 00:21:52,840 --> 00:21:56,639 Speaker 1: work with our allies to defend every inch of NATO territory, 389 00:21:56,800 --> 00:22:01,040 Speaker 1: and he used the term full force reaction. In San Francisco, 390 00:22:01,119 --> 00:22:04,639 Speaker 1: I'm at Baxter Bloomberg Daybreak. Thanks said negotiators from Ukraine 391 00:22:04,640 --> 00:22:07,840 Speaker 1: and Russia are sent to speak today. The Ukrainian President 392 00:22:07,880 --> 00:22:10,800 Speaker 1: Vladimir Zelinski hopes it will lead to a meeting between 393 00:22:10,880 --> 00:22:15,520 Speaker 1: himself and Russian President Vladimir Putin. Should then, representatives of 394 00:22:15,520 --> 00:22:19,000 Speaker 1: our countries are holding daily talks via video conference. Our 395 00:22:19,040 --> 00:22:21,520 Speaker 1: delegation has a clear task to do everything to arrange 396 00:22:21,560 --> 00:22:24,200 Speaker 1: the meeting of the presidents. The meeting, I'm sure people 397 00:22:24,200 --> 00:22:27,200 Speaker 1: are waiting for. Vladimir Zelenski says. The path that talks 398 00:22:27,200 --> 00:22:32,040 Speaker 1: with Putin is difficult but necessary. Well John on Wall Street, 399 00:22:32,119 --> 00:22:34,760 Speaker 1: higher interest rates like a mdity crunch, and the war 400 00:22:34,920 --> 00:22:37,480 Speaker 1: has one firm kind of a stock targets. Once again, 401 00:22:37,520 --> 00:22:40,000 Speaker 1: let me get the latest life from Bloomberg's Ready to Young, 402 00:22:40,040 --> 00:22:43,159 Speaker 1: Good morning, Ready down, Good morning. Karen Goldman Sachs strategists 403 00:22:43,200 --> 00:22:45,600 Speaker 1: are lowering their sn P five hundred target for the 404 00:22:45,680 --> 00:22:50,240 Speaker 1: second time in a month, this time from seven hundred. 405 00:22:50,560 --> 00:22:54,240 Speaker 1: The index closed at just above forty two hundred on Friday. 406 00:22:54,520 --> 00:22:57,840 Speaker 1: It comes as the global commodity crunch, triggered by Russia's 407 00:22:57,880 --> 00:23:02,000 Speaker 1: invasion of Ukraine, deepened the lump in US stocks. Last month, 408 00:23:02,080 --> 00:23:06,199 Speaker 1: Goldmen cut its initial year in target of points for 409 00:23:06,240 --> 00:23:09,280 Speaker 1: the SPI live in New York. I'm gonna meet a 410 00:23:09,320 --> 00:23:12,160 Speaker 1: young Bloomberg day breaks thanks. We need looking to curb inflation. 411 00:23:12,520 --> 00:23:14,840 Speaker 1: The fat expanded to hike answers rates at this week's 412 00:23:14,840 --> 00:23:18,240 Speaker 1: alf O MC meeting, cheered Jerome Powell recently told lawmakers 413 00:23:18,280 --> 00:23:21,920 Speaker 1: he'd recommend a quarter point rate hike, and John a Bitcoin, Ether, 414 00:23:22,040 --> 00:23:24,879 Speaker 1: and dog Cooin all experienced brief gains following a tweet 415 00:23:24,880 --> 00:23:27,200 Speaker 1: from billionaire Elon Mosk, who said he is not planning 416 00:23:27,240 --> 00:23:29,760 Speaker 1: to sell any of the digital tokens. And that's the 417 00:23:29,760 --> 00:23:32,000 Speaker 1: five things you need to notice start your day. Brought 418 00:23:32,080 --> 00:23:39,680 Speaker 1: to you by Interactive Brokers. All right, thanks Karen, six 419 00:23:40,440 --> 00:23:42,520 Speaker 1: Wall Street, and time to bring in Michael barn to 420 00:23:42,600 --> 00:23:44,920 Speaker 1: tell us what else is going on to New York 421 00:23:44,960 --> 00:23:47,840 Speaker 1: and around the world. Jean, thank you very much, Sarah. 422 00:23:47,840 --> 00:23:50,399 Speaker 1: Police in New York City are searching for a suspect, 423 00:23:50,440 --> 00:23:53,600 Speaker 1: they say sean and killed a homeless person and wounded 424 00:23:53,640 --> 00:23:57,080 Speaker 1: another in separate attacks over the weekend. Both victims were 425 00:23:57,119 --> 00:24:00,840 Speaker 1: sleeping when they were shot. New York Mayor Eric not 426 00:24:00,960 --> 00:24:05,440 Speaker 1: committing the crime. I was sleeping on the streets. A 427 00:24:05,600 --> 00:24:09,960 Speaker 1: total abandonment and betrayal of trust for this action to 428 00:24:10,080 --> 00:24:13,480 Speaker 1: have taken place in a manner that it did. Mayor 429 00:24:13,520 --> 00:24:17,280 Speaker 1: Adams announced the City Task Force would focus on finding 430 00:24:17,280 --> 00:24:20,440 Speaker 1: homeless people in the subways and other locations, and urged 431 00:24:20,480 --> 00:24:23,920 Speaker 1: them to take sleep in city owned shelters. North Korea 432 00:24:24,000 --> 00:24:28,240 Speaker 1: could launch an intercontinental ballistic missile as soon as this week. 433 00:24:28,760 --> 00:24:32,280 Speaker 1: Beyond that, news agency signed on identified South Korean government 434 00:24:32,280 --> 00:24:36,000 Speaker 1: officials it would be its most serious provocation in five years. 435 00:24:36,440 --> 00:24:39,880 Speaker 1: Gasoline thefts are on the rise. In Houston, for example, 436 00:24:39,920 --> 00:24:42,520 Speaker 1: police are looking for thieves who stole about a thousand 437 00:24:42,560 --> 00:24:46,720 Speaker 1: gallons of diesel fuel from an underground storage tank of 438 00:24:46,760 --> 00:24:51,200 Speaker 1: a family owned gas station. Station manager Jerry fail says 439 00:24:51,200 --> 00:24:54,200 Speaker 1: surveillance video recorded the thieves pulling up in a van 440 00:24:54,320 --> 00:24:57,560 Speaker 1: over the lids of the station's underground storage tanks. The 441 00:24:57,680 --> 00:25:00,200 Speaker 1: van drives on top of the fuel tank that all 442 00:25:00,240 --> 00:25:02,200 Speaker 1: you see. No one comes out. They have a trap 443 00:25:02,240 --> 00:25:08,119 Speaker 1: door inside their vehicle, which it's crazy. Station manager Jerry 444 00:25:08,160 --> 00:25:11,000 Speaker 1: Thales says the thieves struck three times last week and 445 00:25:11,000 --> 00:25:14,560 Speaker 1: were changed off during a fourth robbery attempt. Former President 446 00:25:14,600 --> 00:25:18,359 Speaker 1: Barack Obama says he has tested positive for COVID. Obama says, 447 00:25:18,359 --> 00:25:21,040 Speaker 1: outside of a scratchy throat, he is feeling fine. Otherwise. 448 00:25:21,520 --> 00:25:24,920 Speaker 1: New York City Health Commissioner Dave of Chotsky is winding 449 00:25:24,960 --> 00:25:28,080 Speaker 1: down his time in office. A walkout ceremony will be 450 00:25:28,119 --> 00:25:30,520 Speaker 1: held today at the Department of Health and Long Island 451 00:25:30,520 --> 00:25:34,840 Speaker 1: City to mark Dr Chotsky's last day as health Commissioner. Yesterday, 452 00:25:34,840 --> 00:25:37,159 Speaker 1: he talked about the mental health soul from the spread 453 00:25:37,160 --> 00:25:41,040 Speaker 1: of COVID nineteen. Dr Chotsky says he knows people personally 454 00:25:41,160 --> 00:25:44,760 Speaker 1: who have gone through issues. I saw it with my patients, 455 00:25:44,800 --> 00:25:47,679 Speaker 1: I saw it in my own family, you know, in 456 00:25:47,800 --> 00:25:51,840 Speaker 1: terms of the effects of isolation, Dr Chatsky says, the 457 00:25:51,880 --> 00:25:54,800 Speaker 1: World Health Organization reported earlier this month at the global 458 00:25:54,880 --> 00:25:59,000 Speaker 1: prevalence of anxiety and depression increased by twenty five percent 459 00:25:59,160 --> 00:26:02,040 Speaker 1: during the first year the crisis. And Oscar winning actor 460 00:26:02,080 --> 00:26:05,919 Speaker 1: William Hurt has died. His many films include Broadcast News 461 00:26:06,000 --> 00:26:08,720 Speaker 1: and The Big Chill. Herd Son said his father died 462 00:26:08,760 --> 00:26:12,000 Speaker 1: of natural causes at age seventy one. Global News twenty 463 00:26:12,000 --> 00:26:14,760 Speaker 1: four hours a day on air and on Bloomberg Quick Take, 464 00:26:15,000 --> 00:26:17,960 Speaker 1: powered by more than hundred journalists natalists more than a 465 00:26:18,040 --> 00:26:22,200 Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg, John, Michael, 466 00:26:22,200 --> 00:26:29,240 Speaker 1: thank you. He is now sixty six on Wall Street. 467 00:26:29,280 --> 00:26:31,840 Speaker 1: That's time with the Bloomberg Sports update once again. Here's 468 00:26:31,880 --> 00:26:34,240 Speaker 1: John stats Shower. Now it's not as if Tom Brady's 469 00:26:34,280 --> 00:26:36,640 Speaker 1: the first athletes have changed their mind about retirement. Brett 470 00:26:36,720 --> 00:26:38,919 Speaker 1: Farves it a few times. Several boxers have done it. 471 00:26:39,040 --> 00:26:41,840 Speaker 1: Usually the retirement lasts a little longer for Brady, a 472 00:26:42,040 --> 00:26:45,040 Speaker 1: forty day retirement, So much for wanting to spend more 473 00:26:45,080 --> 00:26:47,560 Speaker 1: time at home. He's back with Tampa Bay at age 474 00:26:47,600 --> 00:26:50,200 Speaker 1: forty four, coming on statistically one of his best seasons. 475 00:26:50,200 --> 00:26:52,199 Speaker 1: He's said in his fame in my place is on 476 00:26:52,240 --> 00:26:55,119 Speaker 1: the field, not in the stands. The Yankees didn't make 477 00:26:55,160 --> 00:26:57,520 Speaker 1: any moves before the lockout, now that it's over. Big 478 00:26:57,520 --> 00:27:01,359 Speaker 1: trade with the Minnesota Twins. They traded atcher Gary Sanchez. 479 00:27:01,400 --> 00:27:03,240 Speaker 1: He made a big splash with his power back in 480 00:27:03,320 --> 00:27:05,800 Speaker 1: two thousand seventeen, but his average fell all the way 481 00:27:05,800 --> 00:27:07,920 Speaker 1: down to one forty seven couple of years ago. Never 482 00:27:07,960 --> 00:27:11,640 Speaker 1: strong defensively, g R. Slow was terrific defensively a third base, 483 00:27:11,640 --> 00:27:14,760 Speaker 1: but he was also dealt. In return, Yanks get thirty 484 00:27:14,800 --> 00:27:17,439 Speaker 1: six year old third baseman Josh Donaldson, one time a 485 00:27:17,600 --> 00:27:20,600 Speaker 1: l m v P back in he founced around in 486 00:27:20,640 --> 00:27:23,159 Speaker 1: recent years, and Yanks also acquired twenty six year old 487 00:27:23,200 --> 00:27:26,359 Speaker 1: short stop Isaiah kinder Palpa, who the Twins had just 488 00:27:26,440 --> 00:27:29,080 Speaker 1: acquired Saturday from Texas. They also get a young catcher, 489 00:27:29,480 --> 00:27:32,080 Speaker 1: Ben worked Built and Brooklyn next beat the nixt one 490 00:27:32,160 --> 00:27:35,040 Speaker 1: ten one oh seven Kevin Ran scored fifty three points 491 00:27:35,080 --> 00:27:37,439 Speaker 1: and then wondered why Kyrie Irving wasn't allowed to play, 492 00:27:37,920 --> 00:27:41,200 Speaker 1: considering Irving was at the game sitting in the stands ridiculous. 493 00:27:42,480 --> 00:27:45,359 Speaker 1: I don't understand it, oh, I mean, as every few 494 00:27:45,400 --> 00:27:47,359 Speaker 1: people in the arena has own backs, right, It's like 495 00:27:47,960 --> 00:27:52,880 Speaker 1: they lifted all of that in our arena. Still only 496 00:27:52,880 --> 00:27:55,440 Speaker 1: playing road games, Islanders ended their six game homestand with 497 00:27:55,480 --> 00:27:57,959 Speaker 1: a third Strake win four or three over Annaheim, n 498 00:27:58,000 --> 00:28:00,840 Speaker 1: c A a a tournament. Rutgers got in. But that's the 499 00:28:00,840 --> 00:28:03,520 Speaker 1: play at first four game Wednesday against the Order Dame 500 00:28:03,760 --> 00:28:06,800 Speaker 1: John Stack, Bloomberg Sports. John, all right, John, thanks a 501 00:28:06,840 --> 00:28:10,360 Speaker 1: lot coming up on sixt on Wall Street, and it's 502 00:28:10,400 --> 00:28:12,080 Speaker 1: that time of the day to take a look at 503 00:28:12,080 --> 00:28:14,280 Speaker 1: some of the stocks that and the names that are 504 00:28:14,280 --> 00:28:16,800 Speaker 1: moving in the pre market. For that, we're joined by 505 00:28:16,800 --> 00:28:21,000 Speaker 1: Bloomberg Radio TV Markets correspondent Creating Gupta. This on a morning, 506 00:28:21,080 --> 00:28:24,440 Speaker 1: Creaty when looks like a rally, at least as far 507 00:28:24,480 --> 00:28:26,960 Speaker 1: as the futures are concerned at this point in the morning. Yeah, 508 00:28:27,000 --> 00:28:29,080 Speaker 1: a fairly broad rally, we should say, But if you 509 00:28:29,080 --> 00:28:31,199 Speaker 1: look under the hood at what's on the down side, 510 00:28:31,480 --> 00:28:34,000 Speaker 1: it's actually falling oil prices lower. We know that there's 511 00:28:34,040 --> 00:28:38,440 Speaker 1: that correlation or inverse correlation, inverse relationship between oil prices 512 00:28:38,440 --> 00:28:41,160 Speaker 1: and stocks. We do have oil prices down. I'm looking 513 00:28:41,200 --> 00:28:45,080 Speaker 1: at Brent crude here about one one. It tends to 514 00:28:45,080 --> 00:28:48,480 Speaker 1: take down those American stocks as well that actually specialize 515 00:28:48,560 --> 00:28:51,360 Speaker 1: or focus in on that American production. So, for example, 516 00:28:51,400 --> 00:28:53,800 Speaker 1: your worst performer this morning is going to be Occidental, O, 517 00:28:54,120 --> 00:28:57,240 Speaker 1: X YSE or Taker down four point six percent. Your 518 00:28:57,320 --> 00:29:00,680 Speaker 1: next five six stocks in the read are going to 519 00:29:00,720 --> 00:29:03,320 Speaker 1: be oil stocks as well. So once again, following that movie, 520 00:29:03,320 --> 00:29:06,880 Speaker 1: you're seeing the commodities market Marathon up, Oil, m R 521 00:29:06,960 --> 00:29:09,720 Speaker 1: O down just shy three percent, Chevron as well, see 522 00:29:09,720 --> 00:29:12,240 Speaker 1: the X as your taker just down two and a 523 00:29:12,280 --> 00:29:15,400 Speaker 1: half percent. A similar story for Haliburton down two percent. 524 00:29:15,640 --> 00:29:17,360 Speaker 1: H A. L is your Taker. Remember these were the 525 00:29:17,360 --> 00:29:19,400 Speaker 1: best performers in the last couple weeks, just given the 526 00:29:19,400 --> 00:29:22,720 Speaker 1: geopolitical tensions and the idea that Russian barrels are coming 527 00:29:22,760 --> 00:29:26,680 Speaker 1: off the market. This of course not compared to some 528 00:29:26,760 --> 00:29:29,160 Speaker 1: of the better better movers. Excuse me that you're seeing. 529 00:29:29,200 --> 00:29:30,960 Speaker 1: You are seeing a lot of those travel stocks higher, 530 00:29:30,960 --> 00:29:33,400 Speaker 1: which once again have been doing the exact opposite of 531 00:29:33,400 --> 00:29:36,200 Speaker 1: those oil stocks. Delta for example, d A LS your 532 00:29:36,240 --> 00:29:38,840 Speaker 1: taker up two and a half percent. Carnival Cruise Lines 533 00:29:38,840 --> 00:29:42,000 Speaker 1: CCL up to point four percent. American as well. A 534 00:29:42,280 --> 00:29:44,600 Speaker 1: L is your taker, they're up too, point four percent 535 00:29:44,640 --> 00:29:46,760 Speaker 1: as well. Remember these aren't just travel names. This isn't 536 00:29:46,800 --> 00:29:50,080 Speaker 1: necessarily a recovery story. It's also a volatility story. If 537 00:29:50,080 --> 00:29:52,400 Speaker 1: you're betting on more volatility in the markets, those are 538 00:29:52,400 --> 00:29:55,160 Speaker 1: the names you're gonna play it through. Okay, Um, the 539 00:29:55,200 --> 00:29:58,280 Speaker 1: supply chain issues, they haven't gone away, have they? In 540 00:29:58,320 --> 00:30:01,920 Speaker 1: particular for a they like Apple, right, they have not 541 00:30:02,000 --> 00:30:04,240 Speaker 1: gone away. Now you have some news coming out overnight 542 00:30:04,280 --> 00:30:07,480 Speaker 1: that the fox con plant and shen Zen is getting 543 00:30:07,480 --> 00:30:10,160 Speaker 1: shut down. The production is being halted for iPhones. But 544 00:30:10,240 --> 00:30:14,000 Speaker 1: remember Apple shares the biggest supplier, the biggest than the manufacturers, 545 00:30:14,280 --> 00:30:16,840 Speaker 1: the biggest. Sixty percent of the revenue comes from Apple. Um. 546 00:30:16,880 --> 00:30:19,120 Speaker 1: They are trying to diversify that little bit Apple with 547 00:30:20,160 --> 00:30:23,360 Speaker 1: some other companies. But nevertheless, the question was if you 548 00:30:23,400 --> 00:30:26,120 Speaker 1: start to see the shutdown doesn't in fact and impact 549 00:30:26,120 --> 00:30:28,560 Speaker 1: Apple stocks, sees me a apl as you're taker now 550 00:30:28,640 --> 00:30:32,240 Speaker 1: flat on the day. The reason it isn't plunging is 551 00:30:32,240 --> 00:30:35,400 Speaker 1: because most of their supply chain actually comes out of Taipei, 552 00:30:35,400 --> 00:30:38,040 Speaker 1: comes out of Taiwan, not necessarily shen Zen and fox 553 00:30:38,120 --> 00:30:41,240 Speaker 1: Con has already said they're actually addressing that moves perhaps 554 00:30:41,320 --> 00:30:44,240 Speaker 1: boosting production is some of their other plants. Pretty Boys 555 00:30:44,280 --> 00:30:46,720 Speaker 1: of Pleasure, thanks very much, See you tomorrow. Bloomberg Radio 556 00:30:46,720 --> 00:30:50,800 Speaker 1: on TV. Markets corresponding, Pretty Gupta and uh As. We 557 00:30:50,840 --> 00:30:53,520 Speaker 1: look at the futures right now, down futures, they are 558 00:30:53,640 --> 00:30:58,560 Speaker 1: up three points right now one percent. Rise SMV Emity 559 00:30:58,600 --> 00:31:01,600 Speaker 1: futures thirty eight points. Hire that it's up nine tenths 560 00:31:01,720 --> 00:31:05,840 Speaker 1: of a percent. The Danzac futures right now eighty eight points, 561 00:31:06,160 --> 00:31:09,560 Speaker 1: the lines of seven tenths of a percent. Tenure yield 562 00:31:09,760 --> 00:31:12,680 Speaker 1: in the US two point zero seven percent. That's up 563 00:31:12,720 --> 00:31:16,040 Speaker 1: eight basis points. The two year yield one point eight 564 00:31:16,160 --> 00:31:21,680 Speaker 1: one percent. You're listening to Bloomberg Taberg and the Bloomberg 565 00:31:21,720 --> 00:31:24,240 Speaker 1: Weather fort today from Rob Caroline Morning Clowns giving way 566 00:31:24,240 --> 00:31:26,800 Speaker 1: to sunshine. The high temperature in the mid fifties at 567 00:31:26,840 --> 00:31:32,960 Speaker 1: Morrow's sunny mild six sixty five. Wednesday's outlook, sunshine, high 568 00:31:33,000 --> 00:31:40,040 Speaker 1: temperature near sixty Markets headlines and Breaking News twenty four 569 00:31:40,040 --> 00:31:43,080 Speaker 1: hours a day at Bloomberg dot com, the Bloomberg Business 570 00:31:43,120 --> 00:31:52,680 Speaker 1: at and at Bloomberg Dictape. This is a Bloomberg business lash. 571 00:31:53,160 --> 00:31:56,040 Speaker 1: And I'm in Moscow and futures are higher this morning. 572 00:31:56,080 --> 00:31:58,320 Speaker 1: Me to the first word breaking news dance for today's 573 00:31:58,320 --> 00:32:00,880 Speaker 1: morning call. And here's Bill Malow. Need Bill, good morning, 574 00:32:06,280 --> 00:32:08,520 Speaker 1: all right? Uh, and futures will be checking him with 575 00:32:08,600 --> 00:32:11,480 Speaker 1: Bill a little later. Having some connection problems here right now. 576 00:32:11,520 --> 00:32:14,480 Speaker 1: Futures again higher. S ANDP futures up thirty seven points 577 00:32:14,560 --> 00:32:17,240 Speaker 1: down futures of three hundred thirty seven now as DAG 578 00:32:17,320 --> 00:32:19,920 Speaker 1: futures up eighty two. The decks in Germany's up two 579 00:32:19,920 --> 00:32:22,240 Speaker 1: point eight percent. A ten year treasury down twenty five 580 00:32:22,240 --> 00:32:25,200 Speaker 1: thirty seconds, the yield two point eight percent, the yield 581 00:32:25,200 --> 00:32:27,600 Speaker 1: on the two year one point eight to one percent. 582 00:32:28,040 --> 00:32:30,480 Speaker 1: Nine mex screude oil is down four point eight percent 583 00:32:30,520 --> 00:32:32,560 Speaker 1: on five dollars twenty five cents at a hundred four 584 00:32:32,560 --> 00:32:35,040 Speaker 1: dollars eight cents of barrel comic school there is down 585 00:32:35,080 --> 00:32:38,120 Speaker 1: one percent or twenty dollars ten cents. At nineteen sixty 586 00:32:38,160 --> 00:32:41,040 Speaker 1: four and ninety announced, the euro one point oh nine 587 00:32:41,120 --> 00:32:43,520 Speaker 1: six two against the dollar. British found one point three 588 00:32:43,600 --> 00:32:46,280 Speaker 1: zero three seven, the yen is at one eighteen point 589 00:32:46,320 --> 00:32:50,120 Speaker 1: oh one and bitcoint this morning of nine tenths percent 590 00:32:50,240 --> 00:32:53,480 Speaker 1: at thirty nine thousand, thirty dollars. And that's a Bloomberg 591 00:32:53,480 --> 00:32:55,920 Speaker 1: Business Flash. Now here's Michael Barr with more on what's 592 00:32:55,920 --> 00:32:58,800 Speaker 1: going on around the world. Michael, thank you very much. Karen. 593 00:32:58,880 --> 00:33:02,160 Speaker 1: USS officials say Russia has asked China for military assistance 594 00:33:02,200 --> 00:33:05,880 Speaker 1: for its war in Ukraine. A spokesman for China's Foreign 595 00:33:05,920 --> 00:33:10,920 Speaker 1: ministry rejected the reports today as disinformation and malicious. NFL 596 00:33:11,000 --> 00:33:15,160 Speaker 1: superstar Tom Birdie announced that his short lived retirement is over. 597 00:33:15,640 --> 00:33:19,200 Speaker 1: Brady posted on Instagram he believes his time isn't over 598 00:33:19,360 --> 00:33:22,280 Speaker 1: yet on the field and will return with the Tampa 599 00:33:22,280 --> 00:33:26,320 Speaker 1: Bay Buccaneers and a huge trade in baseball, a big 600 00:33:26,320 --> 00:33:29,280 Speaker 1: trade for the Yankees. They have acquired former a l 601 00:33:29,400 --> 00:33:33,760 Speaker 1: m v P Josh Donaldson, shortstop Isaiah Kenner Falfa, and 602 00:33:33,920 --> 00:33:38,400 Speaker 1: backup catcher Ben Roortveldt from the Minnesota Twins for catcher 603 00:33:38,480 --> 00:33:43,080 Speaker 1: Gary Sanchez and third basement Geo or Sella Global News 604 00:33:43,080 --> 00:33:46,520 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 605 00:33:46,680 --> 00:33:49,480 Speaker 1: powered by more than seven journalists and analyist more than 606 00:33:49,520 --> 00:33:52,520 Speaker 1: a hundred twenty countries. I'm Michael Barr. This is Bloomberg. 607 00:33:53,000 --> 00:33:58,280 Speaker 1: The following commentary is from Bloomberg Opinion. A mysteriously large 608 00:33:58,360 --> 00:34:01,880 Speaker 1: chunk of gen Z is and working. I'm Justin Fox, 609 00:34:02,120 --> 00:34:06,040 Speaker 1: a columnist for Bloomberg Opinion. Despite spectacular job growth over 610 00:34:06,080 --> 00:34:09,879 Speaker 1: the past year plus, the US labor force participation rate 611 00:34:10,200 --> 00:34:13,399 Speaker 1: is still one point one percentage points, about one point 612 00:34:13,480 --> 00:34:16,279 Speaker 1: eight million people short of where it was on the 613 00:34:16,320 --> 00:34:20,080 Speaker 1: eve of the pandemic in February. The retirement of any 614 00:34:20,120 --> 00:34:22,520 Speaker 1: sixty five and older Americans who had stayed in the 615 00:34:22,600 --> 00:34:26,640 Speaker 1: labor force until COVID nineteen is one big, easy to 616 00:34:26,719 --> 00:34:30,080 Speaker 1: understand factor. Less clear is why there continues to be 617 00:34:30,120 --> 00:34:34,320 Speaker 1: such a participation gap among young adults. Sixteen and seventeen 618 00:34:34,360 --> 00:34:36,120 Speaker 1: year olds are more likely to be in the labor 619 00:34:36,160 --> 00:34:39,400 Speaker 1: force than before the pandemic, but those eighteen through twenty 620 00:34:39,440 --> 00:34:42,719 Speaker 1: nine much less so. The total shutdown of spring and 621 00:34:42,760 --> 00:34:46,600 Speaker 1: summer may have been so disruptive for those finishing their 622 00:34:46,719 --> 00:34:49,840 Speaker 1: educations and entering the job market that it's taking a 623 00:34:49,880 --> 00:34:52,800 Speaker 1: long time for them to catch up. I'm Justin Fox. 624 00:34:53,080 --> 00:34:55,920 Speaker 1: For more opinion, please go to Bloomberg dot Com, slash 625 00:34:55,920 --> 00:34:59,200 Speaker 1: Opinion or O P I n go on the Bloomberg terminal. 626 00:34:59,480 --> 00:35:03,759 Speaker 1: These been Bloomberg Opinion and Bloomberg Opinion commentaries can be 627 00:35:03,800 --> 00:35:06,520 Speaker 1: heard every weekday at this time and terminal customers can 628 00:35:06,560 --> 00:35:09,319 Speaker 1: read more at O P I n go. And it's 629 00:35:09,360 --> 00:35:11,360 Speaker 1: like fifty on Wall Street. Let's tarn to news and 630 00:35:11,440 --> 00:35:14,000 Speaker 1: science and technology now with a Bloomberg n j I 631 00:35:14,120 --> 00:35:16,920 Speaker 1: T STEM report and it's ronzi U buy New Jersey 632 00:35:16,960 --> 00:35:20,040 Speaker 1: Institute of Technology ranked in the top two percent nationally 633 00:35:20,120 --> 00:35:22,799 Speaker 1: for alumni mid career earnings and number one in the 634 00:35:22,880 --> 00:35:25,800 Speaker 1: nation for a student upward economic mobility for at n 635 00:35:25,880 --> 00:35:28,160 Speaker 1: j I T dot E DU And now here's this 636 00:35:28,320 --> 00:35:32,320 Speaker 1: making news and science, Technology, engineering, and math. Former President 637 00:35:32,360 --> 00:35:35,680 Speaker 1: Barack Obama says he had tested positive for the coronavirus 638 00:35:35,760 --> 00:35:39,360 Speaker 1: that he's feeling relatively healthy. The former president says he 639 00:35:39,400 --> 00:35:42,560 Speaker 1: and his wife have been vaccinated and boosted. He encouraged 640 00:35:42,600 --> 00:35:45,719 Speaker 1: more Americans to get vaccinated against the coronavirus despite the 641 00:35:45,760 --> 00:35:49,320 Speaker 1: declining infection rate in the US. China has placed the 642 00:35:49,440 --> 00:35:51,719 Speaker 1: seventeen and a half million people of the city of 643 00:35:51,760 --> 00:35:54,880 Speaker 1: Shenzen into lockdown for at least a week, they've been 644 00:35:54,920 --> 00:35:57,200 Speaker 1: told to stay home and will undergo three rounds for 645 00:35:57,520 --> 00:36:01,399 Speaker 1: of coronavirus tests that came after risk cases nationwide double 646 00:36:01,480 --> 00:36:04,839 Speaker 1: to nearly thirty hundred. Apple supplier fox Con is helping 647 00:36:04,880 --> 00:36:08,400 Speaker 1: production at Shen's end sites, one of which makes iPhones, 648 00:36:08,840 --> 00:36:11,400 Speaker 1: and Visor's COVID pill is unlucky to reach most of 649 00:36:11,400 --> 00:36:14,360 Speaker 1: the world for a year. The United Nations Back Medicines 650 00:36:14,440 --> 00:36:17,239 Speaker 1: Patent Pool plans to name the generic drug makers that 651 00:36:17,280 --> 00:36:19,719 Speaker 1: are going to be making the pills next week, four 652 00:36:19,760 --> 00:36:23,200 Speaker 1: months after reaching a licensing accord with Viser. The drug 653 00:36:23,239 --> 00:36:26,520 Speaker 1: companies may be ready to supply the first pills by December, 654 00:36:26,800 --> 00:36:30,399 Speaker 1: but analytics firm Air Affinities has large quantities may only 655 00:36:30,440 --> 00:36:33,279 Speaker 1: reach the market in May of three and as a 656 00:36:33,320 --> 00:36:36,359 Speaker 1: Bloomberg and j I T Stem report, John, all right, 657 00:36:36,360 --> 00:36:39,200 Speaker 1: thanks Karen. We are live for the Bloomberg Interactor Broker 658 00:36:39,280 --> 00:36:42,839 Speaker 1: Studios where it is now six fifty one on Wall 659 00:36:42,880 --> 00:36:45,160 Speaker 1: Street Time Now to check what's going on in d C. 660 00:36:45,920 --> 00:36:48,400 Speaker 1: Some of the top stories in our nation's capital include 661 00:36:48,520 --> 00:36:52,160 Speaker 1: the US officials saying Russia has asked China for military 662 00:36:52,200 --> 00:36:55,800 Speaker 1: assistance for its war in Ukraine. The US and China 663 00:36:55,840 --> 00:36:58,719 Speaker 1: will hold first the first high level in person song 664 00:36:58,760 --> 00:37:02,400 Speaker 1: since Russia's full in Asian and as far as around 665 00:37:02,520 --> 00:37:06,640 Speaker 1: nuclear talks, they're taking a short break and President Biden 666 00:37:06,840 --> 00:37:10,280 Speaker 1: urging to invoke the urge to invoke cold war powers, 667 00:37:10,560 --> 00:37:13,240 Speaker 1: the blunt the energy price hyde. Let's take a deeper 668 00:37:13,280 --> 00:37:15,360 Speaker 1: diving into some of these stories this morning with Bloomberg 669 00:37:15,360 --> 00:37:19,520 Speaker 1: Government reporter Emily Wilkins. Emily give us the update on 670 00:37:19,560 --> 00:37:24,160 Speaker 1: what's happening with the talks to try and end Russia's 671 00:37:24,160 --> 00:37:28,440 Speaker 1: invasion of Ukraine and the war They're they're asking for 672 00:37:28,719 --> 00:37:32,520 Speaker 1: military assistance from China. At least that's according to US officials. 673 00:37:32,560 --> 00:37:35,880 Speaker 1: What more do we know? So at this point, we 674 00:37:35,920 --> 00:37:38,520 Speaker 1: don't have a lot of details from US officials about 675 00:37:38,600 --> 00:37:42,680 Speaker 1: exactly what Russia has gone to Beijing for, but it's 676 00:37:42,719 --> 00:37:45,640 Speaker 1: definitely been an alliance with that the US has kept 677 00:37:45,640 --> 00:37:48,520 Speaker 1: a very close eyeld. And now the US is starting 678 00:37:48,520 --> 00:37:51,799 Speaker 1: to suggest the Beijing that, you know, if they do 679 00:37:51,920 --> 00:37:54,560 Speaker 1: want to try to help Russia, there could be UH 680 00:37:54,719 --> 00:37:59,360 Speaker 1: stations and further punishments for them as well. Of course, 681 00:37:59,640 --> 00:38:01,799 Speaker 1: a lot of that is sort of get to be determined. 682 00:38:02,040 --> 00:38:04,800 Speaker 1: We're going to see what comes out of this official meeting. 683 00:38:05,400 --> 00:38:09,440 Speaker 1: Between Jake Sullivan, the White House National Security Advisor, who's 684 00:38:09,480 --> 00:38:13,080 Speaker 1: going to be meeting with his counterpart in China today, 685 00:38:13,360 --> 00:38:16,520 Speaker 1: um and it certainly what what has gone on between 686 00:38:16,760 --> 00:38:20,040 Speaker 1: Beijing and Moscow was going to be a discussion. How 687 00:38:20,120 --> 00:38:25,880 Speaker 1: much did China's Chinese officials know about Putin's planned invasion 688 00:38:26,000 --> 00:38:29,360 Speaker 1: of Ukraine ahead of time. We've seen generally take this 689 00:38:29,480 --> 00:38:33,640 Speaker 1: interesting stance when comes to Brescia. Diplomatically, they've still been 690 00:38:33,680 --> 00:38:37,440 Speaker 1: supportive all Brescia. They've still backed Russia, but they've also 691 00:38:37,920 --> 00:38:41,880 Speaker 1: heard them say you mention Ukraines or to support Ukraine, 692 00:38:42,200 --> 00:38:43,920 Speaker 1: UH say that they want to see peace in the 693 00:38:43,960 --> 00:38:46,680 Speaker 1: region again. So it's not fully clear at this point 694 00:38:46,719 --> 00:38:50,360 Speaker 1: what Beijing is thinking in terms of lending assistance to Putin, 695 00:38:51,040 --> 00:38:53,560 Speaker 1: but certainly we're going to be keeping a close eye 696 00:38:53,600 --> 00:38:56,480 Speaker 1: on these talks today. Are those talks taking place in 697 00:38:56,719 --> 00:39:01,200 Speaker 1: Rome between the US and the Chinese counterpart on another 698 00:39:01,239 --> 00:39:04,040 Speaker 1: front and Iran particularly important when it comes to the 699 00:39:04,120 --> 00:39:08,160 Speaker 1: energy mark. Guess the nuclear talks are ongoing, but we're 700 00:39:08,160 --> 00:39:12,719 Speaker 1: told there's a short break. Is there an impass well, 701 00:39:12,960 --> 00:39:15,600 Speaker 1: are any officials have put out and said that you know, 702 00:39:15,719 --> 00:39:19,680 Speaker 1: the negotiations are done that there's just a bit of 703 00:39:19,719 --> 00:39:22,560 Speaker 1: a break right now, as you mentioned, And of course 704 00:39:22,640 --> 00:39:26,480 Speaker 1: this comes as Russia has really upended the talks with 705 00:39:26,640 --> 00:39:30,080 Speaker 1: demands on the West as far as their sanctions on 706 00:39:30,200 --> 00:39:33,560 Speaker 1: Moscow over the Ukraine invasion. So this conflict in Ukraine, 707 00:39:33,640 --> 00:39:38,719 Speaker 1: it's it's about impacting these other UH policies internationally. UH. 708 00:39:38,840 --> 00:39:42,680 Speaker 1: The European UoN coordinator Joseph Borel said on Friday that 709 00:39:42,719 --> 00:39:44,440 Speaker 1: he was still going to talk to the US and 710 00:39:44,560 --> 00:39:47,680 Speaker 1: I RAN and other teams to overcome the current situation. 711 00:39:48,640 --> 00:39:51,000 Speaker 1: But they said but he also said on Twitter that 712 00:39:51,080 --> 00:39:54,240 Speaker 1: a final text is essentially ready and on the table. 713 00:39:54,320 --> 00:39:57,239 Speaker 1: So it sounds like all sides kind of want these 714 00:39:57,280 --> 00:40:00,120 Speaker 1: talks to continue. Of course, there's just the press shi 715 00:40:00,680 --> 00:40:03,479 Speaker 1: um of what you know, Russia is going to wide 716 00:40:03,560 --> 00:40:06,480 Speaker 1: up the green and stopped the green to okay, and 717 00:40:06,600 --> 00:40:10,040 Speaker 1: finally the President being urged to invert invoke some Cold 718 00:40:10,080 --> 00:40:14,960 Speaker 1: War powers to try and end the surge and energy 719 00:40:15,000 --> 00:40:16,880 Speaker 1: prices here in the U S. What are these powers? 720 00:40:16,920 --> 00:40:20,920 Speaker 1: How likely is the administration going to go through with this? Yeah? Well, 721 00:40:20,960 --> 00:40:23,920 Speaker 1: the idea is it's called the Defense Production Act. And 722 00:40:24,040 --> 00:40:26,640 Speaker 1: if it sounds familiar, it's because It's the same Act 723 00:40:26,719 --> 00:40:31,080 Speaker 1: that Donald Trump used just for maths production one when 724 00:40:31,080 --> 00:40:35,560 Speaker 1: the coronavirus was first identified and spreading across the US. 725 00:40:35,640 --> 00:40:38,200 Speaker 1: And so this is something that can the government can 726 00:40:38,280 --> 00:40:41,480 Speaker 1: use to really sort of help companies bolster production. In 727 00:40:41,520 --> 00:40:44,520 Speaker 1: this case, the Biden administration is being called on to 728 00:40:44,640 --> 00:40:48,160 Speaker 1: boast that production for oil companies at this point, though 729 00:40:48,360 --> 00:40:51,319 Speaker 1: the administration is not really on board. Remember Biden came 730 00:40:51,360 --> 00:40:55,719 Speaker 1: in really touting climate change, clean energy. We had White 731 00:40:55,760 --> 00:40:59,319 Speaker 1: House Press Secretary Jens He's saying that invoking the Act 732 00:40:59,360 --> 00:41:01,880 Speaker 1: would be based if they providing money the oil company 733 00:41:01,960 --> 00:41:04,959 Speaker 1: is to do something they already have the capacity to do. 734 00:41:05,560 --> 00:41:08,200 Speaker 1: Oil companies and said that they do need additional help 735 00:41:08,680 --> 00:41:11,560 Speaker 1: to produce more gas and definitely will keep an eye 736 00:41:11,600 --> 00:41:14,759 Speaker 1: on the steril. Bloomberg's Emily Wilkins, So you can follow 737 00:41:14,800 --> 00:41:17,799 Speaker 1: all the latest on Bloomberg, Rady on Washington, Bloomberg one 738 00:41:17,800 --> 00:41:20,360 Speaker 1: on one, on five points seven, FM HD two, Karen 739 00:41:21,680 --> 00:41:24,440 Speaker 1: fifty six on Wall Street. This is Bloomberg Daybreak in 740 00:41:24,520 --> 00:41:27,120 Speaker 1: Marches Women's History Month, and every day this month, we're 741 00:41:27,160 --> 00:41:30,760 Speaker 1: celebrating significant moments in women's history. Now, if you're installment 742 00:41:30,800 --> 00:41:33,880 Speaker 1: for March fourteen. Here's Bloomberg's or need a young On 743 00:41:33,960 --> 00:41:37,200 Speaker 1: This day in Women's History. In nineteen sixty nine, Barbara 744 00:41:37,280 --> 00:41:40,360 Speaker 1: Joe Reuben becomes the first female jockey to win a 745 00:41:40,480 --> 00:41:43,880 Speaker 1: race against men at a nationally recognized race track in 746 00:41:43,920 --> 00:41:48,160 Speaker 1: the United States. She piloted Bravy Galaxy to victory in 747 00:41:48,200 --> 00:41:51,680 Speaker 1: front of a pat grandstand at Aqueduct Racetrack in New York. 748 00:41:52,080 --> 00:41:55,000 Speaker 1: About a month earlier. That year, Ruben also made history 749 00:41:55,040 --> 00:41:58,000 Speaker 1: as the first female jockey to win an American para 750 00:41:58,120 --> 00:42:01,400 Speaker 1: mutual race while she was in West Gina. When Reuben 751 00:42:01,520 --> 00:42:04,120 Speaker 1: was six years old, she was diagnosed with polio and 752 00:42:04,200 --> 00:42:07,640 Speaker 1: began riding shortly after as a form of exercise and 753 00:42:07,719 --> 00:42:11,000 Speaker 1: to help strengthen her legs. She made her competitive debut 754 00:42:11,040 --> 00:42:14,520 Speaker 1: in Nassau, Bahamas at the Hobby Horse Hall Track. She 755 00:42:14,640 --> 00:42:17,319 Speaker 1: made big waves as a rookie, but her career was 756 00:42:17,400 --> 00:42:21,800 Speaker 1: cut short by injuries after eighty nine mounts. That's today 757 00:42:21,800 --> 00:42:26,000 Speaker 1: in Women's history. I'm rened to young Bloomberg Radio. All right, Nada, 758 00:42:26,080 --> 00:42:28,960 Speaker 1: thank you, and again, futures this morning are higher SMP. 759 00:42:29,160 --> 00:42:33,080 Speaker 1: Futures have forty points. Now futures have three hundred sixty 760 00:42:33,120 --> 00:42:36,400 Speaker 1: four and Nastack futures of eighty eight ten year Treasury 761 00:42:36,400 --> 00:42:38,920 Speaker 1: down twenty three thirty seconds. He held two point oh 762 00:42:38,960 --> 00:42:43,239 Speaker 1: seven per cent, And Bloomberg surveillance is straight ahead for 763 00:42:43,360 --> 00:42:46,880 Speaker 1: John Tucker. I'm Karen Moscow, and this is Bloomberg