Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is is Bloomberg
Speaker 1: Daybreak for Monday, March fourteen. Coming up this hour, Russia
Speaker 1: increases its aerial attacks on Western areas closer to Ukraine's
Speaker 1: porter with Poland, the U S And China bull hold
Speaker 1: their first high level in person thomps since the war
Speaker 1: began of the Wall Street Firm, concerts SMP five hundred
Speaker 1: target and the then they started to raise interest rates.
Speaker 1: This week, the NYPD is looking for a suspect and
Speaker 1: fatally attack homeless men who are sleeping in the streets.
Speaker 1: But plus, North Korea made test at I CBM as
Speaker 1: soon as this week. I'm like the bar more, I'm
Speaker 1: John Stage and sports Tom Brady's But Sireman is over.
Speaker 1: He's back with Sampa Bay. The Yankees made the big trade.
Speaker 1: The Nets beat the next That's all strained ahead on
Speaker 1: Bloomberg day Break on Bloomberg eleven, TREEO, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius x M one nineteen and around the
Speaker 1: world on bloombergero dot com and via the Bloomberg Business App,
Speaker 1: and good morning. I'm Karen Moscow and I'm John Tucker.
Speaker 1: Bloomberg Day Brank being brought to you by Interactive Brokers
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Speaker 1: your local currency, trade stocks in the US, Europe and Asia.
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Speaker 1: on Wall Street and we check the markets every fifteen
Speaker 1: minutes throughout the trading day on Bloomberg. Again, futures are
Speaker 1: higher this morning. SMP futures up forty six points in
Speaker 1: down futures up three hundred ninety four. Nasday futures up
Speaker 1: one fift Tenure Treasury down seconds, the yeld two point
Speaker 1: nine percent, and they yield on the two year one
Speaker 1: point eight one percent. Nine Next, screwed oils down five
Speaker 1: point two percent, John, Karen, We're gonna have more on
Speaker 1: the markets in a minute, but first, negotiators from Russia
Speaker 1: and Ukraine are set to hold more talks today after
Speaker 1: a weekend where Moscow increased to serial attacks on western
Speaker 1: areas closer to Ukraine's border with Poland. Meanwhile, US officials
Speaker 1: say Russia has asked China for military assistance for its
Speaker 1: war in Ukraine. Bloomberg, Amy Morris as more from our
Speaker 1: nine one newsroom in Washington. It appears Vladimir Putin has
Speaker 1: faced more setbacks than he expected in the war with Ukraine,
Speaker 1: when US official tells Bloomberg the request for aid from
Speaker 1: China isn't new, but did not say what kind of
Speaker 1: equipment Moscow is asking for. This As Pentagon spokesman John
Speaker 1: Kirby tells ABC S this week, the US continues to
Speaker 1: back Ukraine. We're going to continue to flow security assistance
Speaker 1: to them, the kinds of things we know they most need,
Speaker 1: the kinds of things that they're using so well. We're
Speaker 1: going to continue to help get them, get them into
Speaker 1: their hands. Meanwhile, Russia attacked the military base that acts
Speaker 1: as a hub for cooperation between Ukraine and NATO countries.
Speaker 1: That raises the possibility the Alliance could be drawn into
Speaker 1: the fight in Washington. I maybe more as Bloomberg Daybreak.
Speaker 1: All right, Amy, thank you the U, S and Shina
Speaker 1: a whole. The first high level in per and talks
Speaker 1: since Russia's full invasion of Ukraine began. More from Bloomberg.
Speaker 1: Stephen Angle in Hong Kong. The National Security Advisor Jake
Speaker 1: Sullivan will be meeting face to face with Young. He
Speaker 1: is China's top diplomat. He is a top ranking official
Speaker 1: on the Politburo. So they are raising, um, you know,
Speaker 1: the level of contact because the White House, while stopping
Speaker 1: short of, you know, outright condemning Beijing's neutral stance. Uh,
Speaker 1: They're trying to court Beijing's efforts to you know, wield
Speaker 1: its influence on Moscow to a enforce the sanctions and
Speaker 1: as well, of course, ultimately help persuade Vladimir Putin to
Speaker 1: end his war in Ukraine. Blob Stephen Angle says the
Speaker 1: meeting will take place in Rome. Russian prosecutors reportedly are
Speaker 1: threatening US companies such as McDonald's, Young Brands and IBM
Speaker 1: for criticizing the government there or pulling out of the country.
Speaker 1: According to The Wall Street Journal, assets could be seized
Speaker 1: or corporate leaders could be targeted for arrest. Well John
Speaker 1: Eleons Tief Economic advisor muhammedd Alarian said the economic fallout
Speaker 1: from a Russian president Vladimir Putin's full scale invasion of
Speaker 1: Ukraine is likely to include a further pickup in US inflation.
Speaker 1: There will be a putent inflation component. I estimate that
Speaker 1: at seven point nine percent, we will probably get very
Speaker 1: close or above ten percent before we come down, and
Speaker 1: that difference will be all because of the disruption that
Speaker 1: Putin's war imply for commodity prices, supply chains, and shipments.
Speaker 1: Muhammad Alarian, who is also a Bloomberg contributor, made the
Speaker 1: comments on CBSS Face the Nation, which can be heard
Speaker 1: Sundays on Bloomberg Radio. The inflation is a key reason
Speaker 1: why investors expected the Feeder Reserved to begin raising interest
Speaker 1: rates this week. Let's get more from Bloomberg's Vineydale Judais.
Speaker 1: The fit meets Tuesday and Wednesday in central bankers the
Speaker 1: signalville lift rates after a big cut tenure zero at
Speaker 1: the start of the pandemic in March. Americans are losing
Speaker 1: ground to inflation and that's putting a big dent and
Speaker 1: consumer confidence lows going back to the financial crisis more
Speaker 1: than a decade ago. Data Tuesday. In February, wholesale prices
Speaker 1: could show a year over year gain of ten percent.
Speaker 1: Three Kink reports this week retail sales and industrial production
Speaker 1: good point to moderating economic growth across the US. Bene
Speaker 1: Judae s Bloomberg day Break, Right, Pennie, thank you a
Speaker 1: higher interest rates at commodity crunch and the war has
Speaker 1: one Wall Street firm cutting at stock targets once again.
Speaker 1: We get the latest live from Bloomberg's rayed A Young.
Speaker 1: Good morning, ra Day to good morning Karen. Goldman. Sachs
Speaker 1: strategists are lowering their S and P five hundred target
Speaker 1: for the second time in a month, this time from hundred.
Speaker 1: The index closed at just above forty two hundred on Friday.
Speaker 1: It comes as the global commodity crunch, triggered by Russia's
Speaker 1: invasion of Ukraine, deepened the slump in US stocks last month.
Speaker 1: Goldman cut its initial year in target of fifty weeks
Speaker 1: for the S and P five d Live in New York.
Speaker 1: I'm gonna Young, Bloomberg Daybreak, Thanks for Anita, how you
Speaker 1: sell off overnight in tech stocks in the Asia? Let's
Speaker 1: get the ricam from Bloomberg's Juliet Sally in Singapore. Good morning, Juliet,
Speaker 1: Good morning John and Karen. A plunge of as much
Speaker 1: as eight and a half percent in a gauge of
Speaker 1: Chinese tech firms listed in Hong Kong reverberated around the region,
Speaker 1: leaving the m c I Asia Pacific Index in the
Speaker 1: red for a second session. A COVID lockdown in Shenjen,
Speaker 1: which is a tech hub, added to geopolitical and regulatory
Speaker 1: risks facing the sector. A Bloomberg Intelligence gauge tracking Macau
Speaker 1: gaming and casino stocks slumped as much as nine percent
Speaker 1: to a record low as China place the southern city
Speaker 1: into lockdown and elsewhere. A week again saw the negate
Speaker 1: two to five games six tenths of one percent in
Speaker 1: Tokyo in Singapore. Juliet Sally Bloomberg daybreak Right Julia, thank
Speaker 1: you well. Bitcoin, Ether and dogecoin got a quick boost
Speaker 1: today after Elon Musk tweeted that he owns the digital
Speaker 1: tokens and is not planning to sell Bitcoin, which has
Speaker 1: fallen almost three percent before a Musk's tweet. Right now
Speaker 1: is trading at thirty nine thousand, one hundred seven dollars
Speaker 1: sets up about one point one percent. Future is also higher.
Speaker 1: SNP futures up forty three points down, futures up three
Speaker 1: hundred seventy two, nowsday futures up one hundred ten Straight
Speaker 1: ahead your latest local headlines plus a check of sports
Speaker 1: and missus Bloomberg. All right, thanks Karen wall Street, and
Speaker 1: time to bring in Michael Barr to find out what
Speaker 1: else is going on in New York at around the world, Ton,
Speaker 1: Thank you very much, Sarah. Police say they are searching
Speaker 1: for a man who is believed to have attacked multiple
Speaker 1: people who were sleeping on the streets in New York
Speaker 1: City and Washington, d C, killing two of his victims
Speaker 1: and injuring three others. DC police said they are working
Speaker 1: with the NYPD to find a man who fatally shot
Speaker 1: and stabbed a man in the district and killed another
Speaker 1: man Saturday in New York City. New York Mayor Eric
Speaker 1: Adams as a city task force would focus on finding
Speaker 1: homeless people in the subways and other locations, and urged
Speaker 1: them to take refuge at city owned shelters. We're going
Speaker 1: to take extra steps to encourage individuals to go into
Speaker 1: the shelters for safety reasons as well as the coming
Speaker 1: weather condition. Mayor Adams says this is a clear case
Speaker 1: of how there are too many illegal guns on the streets.
Speaker 1: New York City Police say they have identified the man,
Speaker 1: who they say staff two employees of the Museum of
Speaker 1: Modern Art. Video released by police shows a man identified
Speaker 1: as sixty year old Gary Cabana entering the Museoleum lobby
Speaker 1: through a revolving door, then climbing onto the desk and
Speaker 1: leaping over it before cornering the two employees and stabbing them.
Speaker 1: Authorities say the employees suffered non life threatening injuries. North
Speaker 1: Korea could reportedly launch an i CBM as soon as
Speaker 1: this week. That's according to the Nonhap news agency. It
Speaker 1: would be its most serious provocation in five years. New
Speaker 1: York City Health Commissioner Dave Choshky is talking about the
Speaker 1: mental health from the spread of COVID nineteen. Dr Chotsky
Speaker 1: says that even members of his own families struggled emotionally
Speaker 1: due to the impact from the coronavirus. Many people have
Speaker 1: not actually been asked about, but then when you do,
Speaker 1: there is this opening up that occurs because so many
Speaker 1: people have felt disconnected in some way. Dr Chotsky plans
Speaker 1: on stepping down today. A ceremony will be held to
Speaker 1: mark his last day as New York City's health commissioner.
Speaker 1: Former President Barack Obama has announced that he has COVID nineteen.
Speaker 1: He says, outside of a scratchy throat, he feels fun.
Speaker 1: Oscar winning actor William Hurd has died at age seventy one.
Speaker 1: His films include Broadcast News and The Big Chill. Her
Speaker 1: Son set in a statement that his father died of
Speaker 1: natural causes. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty
Speaker 1: seven hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: Michael bar this is Bloomberg, John, Michael, thank you, And
Speaker 1: it's now six or nine of Wall Street. Time for
Speaker 1: the Bloomberg Sports Update. Here's John Stenshower. John, that was quick.
Speaker 1: Tom Brady retired on February first, forty days later changed
Speaker 1: his mind, sending a statement that time will come, but
Speaker 1: it's not now. My place is on the field, not
Speaker 1: in the stands. He's forty four, not as if he
Speaker 1: can't play anymore. Just had a terrific season with Tampa
Speaker 1: Bay and now he'll play a third season with the
Speaker 1: Bucks after twenty in New England. In Tampa, the Yankees
Speaker 1: just held their first official team workout, then made a
Speaker 1: big trade with the Minnesota Twins, sent packing Gary Sanchez,
Speaker 1: the Yanks starting catcher since two thousand seventeen and g
Speaker 1: o Or Shella. They're starting third baseman. The last three seasons,
Speaker 1: the Yanks acquired a new left side of the infield,
Speaker 1: veteran third baseman Jock Donaldson and shortstop Isaiah Kiner for
Speaker 1: left twenty six year old was a good glove winning
Speaker 1: third baseman with Texas and they moved him to shortstop
Speaker 1: last season. The Rangers treated him to the Twins on Saturday,
Speaker 1: and the next day the Twins shipped them to the Nets.
Speaker 1: Beat the next once and one oh seven Kevin Rants
Speaker 1: toward fifty three point. The unvaccinated Kyrie Irving not allowed
Speaker 1: to play home games, but he was at the Parkley
Speaker 1: Center sitting in the stands. That led k D to
Speaker 1: reach out to New York City Mayor Eric Adams. When
Speaker 1: I say, Eric, you gotta you gotta figure something out, man,
Speaker 1: because you know it's looking crazy, especially on national TV,
Speaker 1: and he can come to the game and I play like,
Speaker 1: come on. The mayor has said, since some city workers
Speaker 1: lost their jobs for not getting the vaccine, Irving should
Speaker 1: not get special treatment. Eislanders beat the Ducks for three
Speaker 1: n C double A tournament field and as Rutgers will
Speaker 1: play Notre Dame on Wednesday. Seaton All takes on TCU
Speaker 1: on Friday. John Stash Bloomberg Sports. Yoh, all right, thanks
Speaker 1: John Han. I head that you can't show up at
Speaker 1: Off Wall Street. Futures in the US and the green
Speaker 1: right now down futures threety two points, SMP futures thirty
Speaker 1: nine points higher, ATTIC futures right now ninety three points.
Speaker 1: You're listening to Bloomberg day Break and just ahead on
Speaker 1: Bloomberg day Break and update on the war in Ukraine.
Speaker 1: Some key developments of this morning will do great Bloomberg's
Speaker 1: and the current. This is Bloomberg Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business at and at Bloomberg Quick Tape. He's
Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow. Stocks in
Speaker 1: Europe are climbing, climbing along with you, as stock index futures,
Speaker 1: as negotiators from Russia and Ukraine prepared for a new
Speaker 1: route of talks, a global bond route deepening, with the
Speaker 1: yields in the five and ten year treasury rising to
Speaker 1: their highest. Since you check the markets, every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg, U S and P
Speaker 1: futures up about forty points down, futures up three d
Speaker 1: at six NASDACK futures have ninety seven the decks in
Speaker 1: Germany is up two point eight percent. Pen Your treasury
Speaker 1: down twenty six thirty seconds yield two point eight percent.
Speaker 1: They yield on the two year one point eight one percent. Nine.
Speaker 1: Mex scut oil is down four point eight percent on
Speaker 1: five dollars twenty five cents at a hundred four dollars
Speaker 1: eight cents of barrel. Comex school there is down nine
Speaker 1: tenths percent, or seventeen dollars fifty cents at nineteen sixty
Speaker 1: seven fifty announced. The euro one point o nine seven
Speaker 1: five against the dollar, British pound one point three zero
Speaker 1: four and nine, the yennis at one seventeen point nine four,
Speaker 1: and Bitcoin this morning up about one percent at thirty
Speaker 1: nine thousand, sixty dollars. That's a Bloomberg business flash. Now
Speaker 1: here's Michael Barro with more on what's going on around
Speaker 1: the world. Michael Karen, thank you very much. Russia's military
Speaker 1: forces they're keeping up their campaign to capture Ukraine's capital,
Speaker 1: as residents of other besieged cities hold out hope that
Speaker 1: renewed diplomatic talks might open the way for more civilians
Speaker 1: to evacuate or emergency supplies to reach them. Day after
Speaker 1: expanding the war in Ukraine with an air strike on
Speaker 1: a military base close to the Polish border, Russian forces
Speaker 1: fired artillery on suburbs north and east of Kiev. NFL
Speaker 1: superstar Tom Bradie announced that his short lived retirement is over.
Speaker 1: Brady posted on Instagram that he will return for a
Speaker 1: twenty third season with the Tampa Bay Buccaneers in baseball.
Speaker 1: A big trade for the Yankees. They have acquired former
Speaker 1: a l m v P Josh Donaldson, shortstop Isaiah Kinner
Speaker 1: the left and back up catcher Men Roortveldt from the
Speaker 1: Minnesota Twins for catcher Gary Sanchez and third baseman. Geo
Speaker 1: or Selle. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty
Speaker 1: seven journalists and analysts more than a hundred twenty countries,
Speaker 1: and Michael Barr, This is Bloomberg. John all right, Michael,
Speaker 1: thank you very much. Six twenty on Wall Street bird
Speaker 1: life from the Bloomberg intracta Broker Studios. This is Bloomberg
Speaker 1: tape ray. Couple of key developments this morning of the
Speaker 1: war in Ukraine. The U S S Russia saw Chinese
Speaker 1: military aid for the war and an aid. The President
Speaker 1: Band is going to meet with China's top diplomat today.
Speaker 1: Joining us now for the update and the current. The
Speaker 1: chief Asia Economics correspondent for Bloomberg. Hey, um and always
Speaker 1: good to talk to you. Explain to me the relationship
Speaker 1: between Russia and China. Does Russia needs China more than
Speaker 1: China needs Russia. Well, there's both been growing a trade
Speaker 1: relationship in recent years. China of course a big importer
Speaker 1: of energy from Russia, and Russia of course a big
Speaker 1: import reporter of merchandise goods. That trade has led to
Speaker 1: more broader strategic corporation and closed the lines between two countries.
Speaker 1: And indeed, more recent years President she and Petner said
Speaker 1: to have had developed a good report and that's what
Speaker 1: culminated in a few weeks ago at the Winter Olympics,
Speaker 1: this communicate between both countries and that there was no
Speaker 1: limits to their friendship. To help the back dup those
Speaker 1: deepening economic and strategical at the back, dup through the
Speaker 1: bind that China is now in when it comes to
Speaker 1: Russia's invasion all of the Ukraine. On the one hand,
Speaker 1: of course China preaches this added respect sovereignty of nations
Speaker 1: and in relations, but it has yet to condemn this
Speaker 1: invasion at right or even used the word invasion or
Speaker 1: kind of trying to start on both sides a bit.
Speaker 1: So that's why I think most people will be looking
Speaker 1: to the talks and Rome to see if a dood
Speaker 1: lead to any kind of breakthrough in that front. Yeah,
Speaker 1: that's likely to be chief on the agenda with those
Speaker 1: talks in Rome that are a schedule to take place today.
Speaker 1: What's the likelihood you want to gain the the odds
Speaker 1: of China actually delivering aid in the form of military
Speaker 1: equipment to Russia. Well, that indeed, that's news coming out
Speaker 1: of Washington. Obviously I would put the relations in both
Speaker 1: on a whole new level given the contact of the invasion.
Speaker 1: But even before we get to that, as I mentioned earlier,
Speaker 1: we have to see if China is going to double
Speaker 1: down on a talkish language when it comes to Russia.
Speaker 1: As I say, most observati would say that's inconsistent with
Speaker 1: China stands in the parts it kind of tries to
Speaker 1: be seen as a good global citizen, regardless of one
Speaker 1: use of its internal partlity system. So there are question
Speaker 1: marks over chinage downs on that. But then on a
Speaker 1: more micro level, question marks over will China observe the
Speaker 1: sanctions to the letter when it ensures companies aren't funneling
Speaker 1: either good or finance Russia. Most alims would say China
Speaker 1: will want to observe those sanctions, but there's still an
Speaker 1: open question around that. And then of course there's a
Speaker 1: question around what role of China looks to play if
Speaker 1: it does lets play a role as a peace mediator. Again,
Speaker 1: it has said it wants to be an end to
Speaker 1: the conflict and it wants to be peace there, but
Speaker 1: it hasn't put much by way of hasn't put much
Speaker 1: of my way of play proposals on the table as
Speaker 1: to how it goes about that. And now, of course
Speaker 1: we got back to your up in question. If we'll
Speaker 1: get to a point where Russia is China is supplying
Speaker 1: arms to Russia in the conduct of this invasion, that
Speaker 1: would mean of course all better off as China being
Speaker 1: an independent mediator, but as a global citizen or a
Speaker 1: want to be global global citizen, China has a lot
Speaker 1: at stake here. It does have its trade initiatives, Belton
Speaker 1: the initiative with the European countries, Belting Road initiatives. That's
Speaker 1: really at stake here, is it not? Is it at risk? Well,
Speaker 1: the building Road you can argue it's probably lost some focus.
Speaker 1: It is president shooting being signature project, but I think
Speaker 1: it's kind of lost some focus in recent years when
Speaker 1: it comes to China's focus on overseas trade, has been
Speaker 1: growing its trade at its fairly rapid clips throughout the
Speaker 1: pandemic with both Europe and the US, and I think
Speaker 1: what that stake is a lot of the of the
Speaker 1: good will. It might be too strong reward, but China
Speaker 1: has certainly been keen to cozy up or build better
Speaker 1: relations with Europe, for example, build better relations with countries
Speaker 1: and AFCA, build relations with Latin America as relations soured
Speaker 1: with the US, under the feeling that if this global
Speaker 1: alliance such as it is against the Russia's action does
Speaker 1: maintain and does hold up, that will continue to put
Speaker 1: pressure on China and risks perhaps you know, decoupling or
Speaker 1: isolating China from because of the world economy. Now all
Speaker 1: of it is high level. China remains deeply cloke in
Speaker 1: the global economy. It's not going to be isolated in
Speaker 1: a way that Russia can be in the short term,
Speaker 1: but at the very least, I think a lot of
Speaker 1: people would say that Shina being seen to be on
Speaker 1: Russia's side and its conflict is damaging for its glow.
Speaker 1: It's international funding and always a pleasure in occurrent the
Speaker 1: chief Asia economics correspondent for Bloomberg, as we look at
Speaker 1: the markets right now ahead of the opening in on
Speaker 1: Wall Street, down futures right now up three thirty nine points,
Speaker 1: that's a rise of one percent, SMP futures thirty eight
Speaker 1: points higher, that's a nine tenths of a percent, and
Speaker 1: the nasdac emnate futures right now of nine points. That's
Speaker 1: a rise of seven tenths of eight percent. And as
Speaker 1: we look to treasuries right now, the tenure yield two
Speaker 1: point zero nine percent, that's up ten basis points this morning.
Speaker 1: The two year yield at one point eight two percent,
Speaker 1: that is of seven basis points. You're listening to Bloomberg
Speaker 1: Daybreak day Break brought to you by Audie. Don't let
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Speaker 1: the Bloomberg Business app and Bloomberg Radio dot com. This
Speaker 1: is Bloomberg Daybreak. He has six thirty on Wall Street.
Speaker 1: Good morning, I'm John Tucker and I'm Karen Moscow. We're
Speaker 1: just about three hours away from the open of US trading.
Speaker 1: It's time for the five things you need to notice.
Speaker 1: Start your day. Ron to you by Interactive Brokers. Interactive
Speaker 1: Brokers charges margin loan rates from zero point seven five
Speaker 1: to one point five eight percent great subject to change.
Speaker 1: Learn more at ibkr dot com. Slash compare up First.
Speaker 1: The United States plans to hold its first high level
Speaker 1: in person talks with China since Russia's invasion of Ukraine began.
Speaker 1: It comes as the U says Russia has asked China
Speaker 1: for military equipment to support its invasion. Bloomberg's ad Baxter
Speaker 1: has the story. The U s says nobody should help
Speaker 1: replace Russian losses during the invasion. National Security Advisor Jake
Speaker 1: Sullivan heads to Rome today for high level talks with
Speaker 1: China's top foreign policy official, Young J. Sheer. Meanwhile, Russia
Speaker 1: has shelled a Ukrainian military base ten miles away from
Speaker 1: the border with Poland, and Sullivan says if anything lands
Speaker 1: in Poland, NATO will respond that the United States will
Speaker 1: work with our allies to defend every inch of NATO territory,
Speaker 1: and he used the term full force reaction. In San Francisco,
Speaker 1: I'm at Baxter Bloomberg Daybreak. Thanks said negotiators from Ukraine
Speaker 1: and Russia are sent to speak today. The Ukrainian President
Speaker 1: Vladimir Zelinski hopes it will lead to a meeting between
Speaker 1: himself and Russian President Vladimir Putin. Should then, representatives of
Speaker 1: our countries are holding daily talks via video conference. Our
Speaker 1: delegation has a clear task to do everything to arrange
Speaker 1: the meeting of the presidents. The meeting, I'm sure people
Speaker 1: are waiting for. Vladimir Zelenski says. The path that talks
Speaker 1: with Putin is difficult but necessary. Well John on Wall Street,
Speaker 1: higher interest rates like a mdity crunch, and the war
Speaker 1: has one firm kind of a stock targets. Once again,
Speaker 1: let me get the latest life from Bloomberg's Ready to Young,
Speaker 1: Good morning, Ready down, Good morning. Karen Goldman Sachs strategists
Speaker 1: are lowering their sn P five hundred target for the
Speaker 1: second time in a month, this time from seven hundred.
Speaker 1: The index closed at just above forty two hundred on Friday.
Speaker 1: It comes as the global commodity crunch, triggered by Russia's
Speaker 1: invasion of Ukraine, deepened the lump in US stocks. Last month,
Speaker 1: Goldmen cut its initial year in target of points for
Speaker 1: the SPI live in New York. I'm gonna meet a
Speaker 1: young Bloomberg day breaks thanks. We need looking to curb inflation.
Speaker 1: The fat expanded to hike answers rates at this week's
Speaker 1: alf O MC meeting, cheered Jerome Powell recently told lawmakers
Speaker 1: he'd recommend a quarter point rate hike, and John a Bitcoin, Ether,
Speaker 1: and dog Cooin all experienced brief gains following a tweet
Speaker 1: from billionaire Elon Mosk, who said he is not planning
Speaker 1: to sell any of the digital tokens. And that's the
Speaker 1: five things you need to notice start your day. Brought
Speaker 1: to you by Interactive Brokers. All right, thanks Karen, six
Speaker 1: Wall Street, and time to bring in Michael barn to
Speaker 1: tell us what else is going on to New York
Speaker 1: and around the world. Jean, thank you very much, Sarah.
Speaker 1: Police in New York City are searching for a suspect,
Speaker 1: they say sean and killed a homeless person and wounded
Speaker 1: another in separate attacks over the weekend. Both victims were
Speaker 1: sleeping when they were shot. New York Mayor Eric not
Speaker 1: committing the crime. I was sleeping on the streets. A
Speaker 1: total abandonment and betrayal of trust for this action to
Speaker 1: have taken place in a manner that it did. Mayor
Speaker 1: Adams announced the City Task Force would focus on finding
Speaker 1: homeless people in the subways and other locations, and urged
Speaker 1: them to take sleep in city owned shelters. North Korea
Speaker 1: could launch an intercontinental ballistic missile as soon as this week.
Speaker 1: Beyond that, news agency signed on identified South Korean government
Speaker 1: officials it would be its most serious provocation in five years.
Speaker 1: Gasoline thefts are on the rise. In Houston, for example,
Speaker 1: police are looking for thieves who stole about a thousand
Speaker 1: gallons of diesel fuel from an underground storage tank of
Speaker 1: a family owned gas station. Station manager Jerry fail says
Speaker 1: surveillance video recorded the thieves pulling up in a van
Speaker 1: over the lids of the station's underground storage tanks. The
Speaker 1: van drives on top of the fuel tank that all
Speaker 1: you see. No one comes out. They have a trap
Speaker 1: door inside their vehicle, which it's crazy. Station manager Jerry
Speaker 1: Thales says the thieves struck three times last week and
Speaker 1: were changed off during a fourth robbery attempt. Former President
Speaker 1: Barack Obama says he has tested positive for COVID. Obama says,
Speaker 1: outside of a scratchy throat, he is feeling fine. Otherwise.
Speaker 1: New York City Health Commissioner Dave of Chotsky is winding
Speaker 1: down his time in office. A walkout ceremony will be
Speaker 1: held today at the Department of Health and Long Island
Speaker 1: City to mark Dr Chotsky's last day as health Commissioner. Yesterday,
Speaker 1: he talked about the mental health soul from the spread
Speaker 1: of COVID nineteen. Dr Chotsky says he knows people personally
Speaker 1: who have gone through issues. I saw it with my patients,
Speaker 1: I saw it in my own family, you know, in
Speaker 1: terms of the effects of isolation, Dr Chatsky says, the
Speaker 1: World Health Organization reported earlier this month at the global
Speaker 1: prevalence of anxiety and depression increased by twenty five percent
Speaker 1: during the first year the crisis. And Oscar winning actor
Speaker 1: William Hurt has died. His many films include Broadcast News
Speaker 1: and The Big Chill. Herd Son said his father died
Speaker 1: of natural causes at age seventy one. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than hundred journalists natalists more than a
Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg, John, Michael,
Speaker 1: thank you. He is now sixty six on Wall Street.
Speaker 1: That's time with the Bloomberg Sports update once again. Here's
Speaker 1: John stats Shower. Now it's not as if Tom Brady's
Speaker 1: the first athletes have changed their mind about retirement. Brett
Speaker 1: Farves it a few times. Several boxers have done it.
Speaker 1: Usually the retirement lasts a little longer for Brady, a
Speaker 1: forty day retirement, So much for wanting to spend more
Speaker 1: time at home. He's back with Tampa Bay at age
Speaker 1: forty four, coming on statistically one of his best seasons.
Speaker 1: He's said in his fame in my place is on
Speaker 1: the field, not in the stands. The Yankees didn't make
Speaker 1: any moves before the lockout, now that it's over. Big
Speaker 1: trade with the Minnesota Twins. They traded atcher Gary Sanchez.
Speaker 1: He made a big splash with his power back in
Speaker 1: two thousand seventeen, but his average fell all the way
Speaker 1: down to one forty seven couple of years ago. Never
Speaker 1: strong defensively, g R. Slow was terrific defensively a third base,
Speaker 1: but he was also dealt. In return, Yanks get thirty
Speaker 1: six year old third baseman Josh Donaldson, one time a
Speaker 1: l m v P back in he founced around in
Speaker 1: recent years, and Yanks also acquired twenty six year old
Speaker 1: short stop Isaiah kinder Palpa, who the Twins had just
Speaker 1: acquired Saturday from Texas. They also get a young catcher,
Speaker 1: Ben worked Built and Brooklyn next beat the nixt one
Speaker 1: ten one oh seven Kevin Ran scored fifty three points
Speaker 1: and then wondered why Kyrie Irving wasn't allowed to play,
Speaker 1: considering Irving was at the game sitting in the stands ridiculous.
Speaker 1: I don't understand it, oh, I mean, as every few
Speaker 1: people in the arena has own backs, right, It's like
Speaker 1: they lifted all of that in our arena. Still only
Speaker 1: playing road games, Islanders ended their six game homestand with
Speaker 1: a third Strake win four or three over Annaheim, n
Speaker 1: c A a a tournament. Rutgers got in. But that's the
Speaker 1: play at first four game Wednesday against the Order Dame
Speaker 1: John Stack, Bloomberg Sports. John, all right, John, thanks a
Speaker 1: lot coming up on sixt on Wall Street, and it's
Speaker 1: that time of the day to take a look at
Speaker 1: some of the stocks that and the names that are
Speaker 1: moving in the pre market. For that, we're joined by
Speaker 1: Bloomberg Radio TV Markets correspondent Creating Gupta. This on a morning,
Speaker 1: Creaty when looks like a rally, at least as far
Speaker 1: as the futures are concerned at this point in the morning. Yeah,
Speaker 1: a fairly broad rally, we should say, But if you
Speaker 1: look under the hood at what's on the down side,
Speaker 1: it's actually falling oil prices lower. We know that there's
Speaker 1: that correlation or inverse correlation, inverse relationship between oil prices
Speaker 1: and stocks. We do have oil prices down. I'm looking
Speaker 1: at Brent crude here about one one. It tends to
Speaker 1: take down those American stocks as well that actually specialize
Speaker 1: or focus in on that American production. So, for example,
Speaker 1: your worst performer this morning is going to be Occidental, O,
Speaker 1: X YSE or Taker down four point six percent. Your
Speaker 1: next five six stocks in the read are going to
Speaker 1: be oil stocks as well. So once again, following that movie,
Speaker 1: you're seeing the commodities market Marathon up, Oil, m R
Speaker 1: O down just shy three percent, Chevron as well, see
Speaker 1: the X as your taker just down two and a
Speaker 1: half percent. A similar story for Haliburton down two percent.
Speaker 1: H A. L is your Taker. Remember these were the
Speaker 1: best performers in the last couple weeks, just given the
Speaker 1: geopolitical tensions and the idea that Russian barrels are coming
Speaker 1: off the market. This of course not compared to some
Speaker 1: of the better better movers. Excuse me that you're seeing.
Speaker 1: You are seeing a lot of those travel stocks higher,
Speaker 1: which once again have been doing the exact opposite of
Speaker 1: those oil stocks. Delta for example, d A LS your
Speaker 1: taker up two and a half percent. Carnival Cruise Lines
Speaker 1: CCL up to point four percent. American as well. A
Speaker 1: L is your taker, they're up too, point four percent
Speaker 1: as well. Remember these aren't just travel names. This isn't
Speaker 1: necessarily a recovery story. It's also a volatility story. If
Speaker 1: you're betting on more volatility in the markets, those are
Speaker 1: the names you're gonna play it through. Okay, Um, the
Speaker 1: supply chain issues, they haven't gone away, have they? In
Speaker 1: particular for a they like Apple, right, they have not
Speaker 1: gone away. Now you have some news coming out overnight
Speaker 1: that the fox con plant and shen Zen is getting
Speaker 1: shut down. The production is being halted for iPhones. But
Speaker 1: remember Apple shares the biggest supplier, the biggest than the manufacturers,
Speaker 1: the biggest. Sixty percent of the revenue comes from Apple. Um.
Speaker 1: They are trying to diversify that little bit Apple with
Speaker 1: some other companies. But nevertheless, the question was if you
Speaker 1: start to see the shutdown doesn't in fact and impact
Speaker 1: Apple stocks, sees me a apl as you're taker now
Speaker 1: flat on the day. The reason it isn't plunging is
Speaker 1: because most of their supply chain actually comes out of Taipei,
Speaker 1: comes out of Taiwan, not necessarily shen Zen and fox
Speaker 1: Con has already said they're actually addressing that moves perhaps
Speaker 1: boosting production is some of their other plants. Pretty Boys
Speaker 1: of Pleasure, thanks very much, See you tomorrow. Bloomberg Radio
Speaker 1: on TV. Markets corresponding, Pretty Gupta and uh As. We
Speaker 1: look at the futures right now, down futures, they are
Speaker 1: up three points right now one percent. Rise SMV Emity
Speaker 1: futures thirty eight points. Hire that it's up nine tenths
Speaker 1: of a percent. The Danzac futures right now eighty eight points,
Speaker 1: the lines of seven tenths of a percent. Tenure yield
Speaker 1: in the US two point zero seven percent. That's up
Speaker 1: eight basis points. The two year yield one point eight
Speaker 1: one percent. You're listening to Bloomberg Taberg and the Bloomberg
Speaker 1: Weather fort today from Rob Caroline Morning Clowns giving way
Speaker 1: to sunshine. The high temperature in the mid fifties at
Speaker 1: Morrow's sunny mild six sixty five. Wednesday's outlook, sunshine, high
Speaker 1: temperature near sixty Markets headlines and Breaking News twenty four
Speaker 1: hours a day at Bloomberg dot com, the Bloomberg Business
Speaker 1: at and at Bloomberg Dictape. This is a Bloomberg business lash.
Speaker 1: And I'm in Moscow and futures are higher this morning.
Speaker 1: Me to the first word breaking news dance for today's
Speaker 1: morning call. And here's Bill Malow. Need Bill, good morning,
Speaker 1: all right? Uh, and futures will be checking him with
Speaker 1: Bill a little later. Having some connection problems here right now.
Speaker 1: Futures again higher. S ANDP futures up thirty seven points
Speaker 1: down futures of three hundred thirty seven now as DAG
Speaker 1: futures up eighty two. The decks in Germany's up two
Speaker 1: point eight percent. A ten year treasury down twenty five
Speaker 1: thirty seconds, the yield two point eight percent, the yield
Speaker 1: on the two year one point eight to one percent.
Speaker 1: Nine mex screude oil is down four point eight percent
Speaker 1: on five dollars twenty five cents at a hundred four
Speaker 1: dollars eight cents of barrel comic school there is down
Speaker 1: one percent or twenty dollars ten cents. At nineteen sixty
Speaker 1: four and ninety announced, the euro one point oh nine
Speaker 1: six two against the dollar. British found one point three
Speaker 1: zero three seven, the yen is at one eighteen point
Speaker 1: oh one and bitcoint this morning of nine tenths percent
Speaker 1: at thirty nine thousand, thirty dollars. And that's a Bloomberg
Speaker 1: Business Flash. Now here's Michael Barr with more on what's
Speaker 1: going on around the world. Michael, thank you very much. Karen.
Speaker 1: USS officials say Russia has asked China for military assistance
Speaker 1: for its war in Ukraine. A spokesman for China's Foreign
Speaker 1: ministry rejected the reports today as disinformation and malicious. NFL
Speaker 1: superstar Tom Birdie announced that his short lived retirement is over.
Speaker 1: Brady posted on Instagram he believes his time isn't over
Speaker 1: yet on the field and will return with the Tampa
Speaker 1: Bay Buccaneers and a huge trade in baseball, a big
Speaker 1: trade for the Yankees. They have acquired former a l
Speaker 1: m v P Josh Donaldson, shortstop Isaiah Kenner Falfa, and
Speaker 1: backup catcher Ben Roortveldt from the Minnesota Twins for catcher
Speaker 1: Gary Sanchez and third basement Geo or Sella Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than seven journalists and analyist more than
Speaker 1: a hundred twenty countries. I'm Michael Barr. This is Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion. A mysteriously large
Speaker 1: chunk of gen Z is and working. I'm Justin Fox,
Speaker 1: a columnist for Bloomberg Opinion. Despite spectacular job growth over
Speaker 1: the past year plus, the US labor force participation rate
Speaker 1: is still one point one percentage points, about one point
Speaker 1: eight million people short of where it was on the
Speaker 1: eve of the pandemic in February. The retirement of any
Speaker 1: sixty five and older Americans who had stayed in the
Speaker 1: labor force until COVID nineteen is one big, easy to
Speaker 1: understand factor. Less clear is why there continues to be
Speaker 1: such a participation gap among young adults. Sixteen and seventeen
Speaker 1: year olds are more likely to be in the labor
Speaker 1: force than before the pandemic, but those eighteen through twenty
Speaker 1: nine much less so. The total shutdown of spring and
Speaker 1: summer may have been so disruptive for those finishing their
Speaker 1: educations and entering the job market that it's taking a
Speaker 1: long time for them to catch up. I'm Justin Fox.
Speaker 1: For more opinion, please go to Bloomberg dot Com, slash
Speaker 1: Opinion or O P I n go on the Bloomberg terminal.
Speaker 1: These been Bloomberg Opinion and Bloomberg Opinion commentaries can be
Speaker 1: heard every weekday at this time and terminal customers can
Speaker 1: read more at O P I n go. And it's
Speaker 1: like fifty on Wall Street. Let's tarn to news and
Speaker 1: science and technology now with a Bloomberg n j I
Speaker 1: T STEM report and it's ronzi U buy New Jersey
Speaker 1: Institute of Technology ranked in the top two percent nationally
Speaker 1: for alumni mid career earnings and number one in the
Speaker 1: nation for a student upward economic mobility for at n
Speaker 1: j I T dot E DU And now here's this
Speaker 1: making news and science, Technology, engineering, and math. Former President
Speaker 1: Barack Obama says he had tested positive for the coronavirus
Speaker 1: that he's feeling relatively healthy. The former president says he
Speaker 1: and his wife have been vaccinated and boosted. He encouraged
Speaker 1: more Americans to get vaccinated against the coronavirus despite the
Speaker 1: declining infection rate in the US. China has placed the
Speaker 1: seventeen and a half million people of the city of
Speaker 1: Shenzen into lockdown for at least a week, they've been
Speaker 1: told to stay home and will undergo three rounds for
Speaker 1: of coronavirus tests that came after risk cases nationwide double
Speaker 1: to nearly thirty hundred. Apple supplier fox Con is helping
Speaker 1: production at Shen's end sites, one of which makes iPhones,
Speaker 1: and Visor's COVID pill is unlucky to reach most of
Speaker 1: the world for a year. The United Nations Back Medicines
Speaker 1: Patent Pool plans to name the generic drug makers that
Speaker 1: are going to be making the pills next week, four
Speaker 1: months after reaching a licensing accord with Viser. The drug
Speaker 1: companies may be ready to supply the first pills by December,
Speaker 1: but analytics firm Air Affinities has large quantities may only
Speaker 1: reach the market in May of three and as a
Speaker 1: Bloomberg and j I T Stem report, John, all right,
Speaker 1: thanks Karen. We are live for the Bloomberg Interactor Broker
Speaker 1: Studios where it is now six fifty one on Wall
Speaker 1: Street Time Now to check what's going on in d C.
Speaker 1: Some of the top stories in our nation's capital include
Speaker 1: the US officials saying Russia has asked China for military
Speaker 1: assistance for its war in Ukraine. The US and China
Speaker 1: will hold first the first high level in person song
Speaker 1: since Russia's full in Asian and as far as around
Speaker 1: nuclear talks, they're taking a short break and President Biden
Speaker 1: urging to invoke the urge to invoke cold war powers,
Speaker 1: the blunt the energy price hyde. Let's take a deeper
Speaker 1: diving into some of these stories this morning with Bloomberg
Speaker 1: Government reporter Emily Wilkins. Emily give us the update on
Speaker 1: what's happening with the talks to try and end Russia's
Speaker 1: invasion of Ukraine and the war They're they're asking for
Speaker 1: military assistance from China. At least that's according to US officials.
Speaker 1: What more do we know? So at this point, we
Speaker 1: don't have a lot of details from US officials about
Speaker 1: exactly what Russia has gone to Beijing for, but it's
Speaker 1: definitely been an alliance with that the US has kept
Speaker 1: a very close eyeld. And now the US is starting
Speaker 1: to suggest the Beijing that, you know, if they do
Speaker 1: want to try to help Russia, there could be UH
Speaker 1: stations and further punishments for them as well. Of course,
Speaker 1: a lot of that is sort of get to be determined.
Speaker 1: We're going to see what comes out of this official meeting.
Speaker 1: Between Jake Sullivan, the White House National Security Advisor, who's
Speaker 1: going to be meeting with his counterpart in China today,
Speaker 1: um and it certainly what what has gone on between
Speaker 1: Beijing and Moscow was going to be a discussion. How
Speaker 1: much did China's Chinese officials know about Putin's planned invasion
Speaker 1: of Ukraine ahead of time. We've seen generally take this
Speaker 1: interesting stance when comes to Brescia. Diplomatically, they've still been
Speaker 1: supportive all Brescia. They've still backed Russia, but they've also
Speaker 1: heard them say you mention Ukraines or to support Ukraine,
Speaker 1: UH say that they want to see peace in the
Speaker 1: region again. So it's not fully clear at this point
Speaker 1: what Beijing is thinking in terms of lending assistance to Putin,
Speaker 1: but certainly we're going to be keeping a close eye
Speaker 1: on these talks today. Are those talks taking place in
Speaker 1: Rome between the US and the Chinese counterpart on another
Speaker 1: front and Iran particularly important when it comes to the
Speaker 1: energy mark. Guess the nuclear talks are ongoing, but we're
Speaker 1: told there's a short break. Is there an impass well,
Speaker 1: are any officials have put out and said that you know,
Speaker 1: the negotiations are done that there's just a bit of
Speaker 1: a break right now, as you mentioned, And of course
Speaker 1: this comes as Russia has really upended the talks with
Speaker 1: demands on the West as far as their sanctions on
Speaker 1: Moscow over the Ukraine invasion. So this conflict in Ukraine,
Speaker 1: it's it's about impacting these other UH policies internationally. UH.
Speaker 1: The European UoN coordinator Joseph Borel said on Friday that
Speaker 1: he was still going to talk to the US and
Speaker 1: I RAN and other teams to overcome the current situation.
Speaker 1: But they said but he also said on Twitter that
Speaker 1: a final text is essentially ready and on the table.
Speaker 1: So it sounds like all sides kind of want these
Speaker 1: talks to continue. Of course, there's just the press shi
Speaker 1: um of what you know, Russia is going to wide
Speaker 1: up the green and stopped the green to okay, and
Speaker 1: finally the President being urged to invert invoke some Cold
Speaker 1: War powers to try and end the surge and energy
Speaker 1: prices here in the U S. What are these powers?
Speaker 1: How likely is the administration going to go through with this? Yeah? Well,
Speaker 1: the idea is it's called the Defense Production Act. And
Speaker 1: if it sounds familiar, it's because It's the same Act
Speaker 1: that Donald Trump used just for maths production one when
Speaker 1: the coronavirus was first identified and spreading across the US.
Speaker 1: And so this is something that can the government can
Speaker 1: use to really sort of help companies bolster production. In
Speaker 1: this case, the Biden administration is being called on to
Speaker 1: boast that production for oil companies at this point, though
Speaker 1: the administration is not really on board. Remember Biden came
Speaker 1: in really touting climate change, clean energy. We had White
Speaker 1: House Press Secretary Jens He's saying that invoking the Act
Speaker 1: would be based if they providing money the oil company
Speaker 1: is to do something they already have the capacity to do.
Speaker 1: Oil companies and said that they do need additional help
Speaker 1: to produce more gas and definitely will keep an eye
Speaker 1: on the steril. Bloomberg's Emily Wilkins, So you can follow
Speaker 1: all the latest on Bloomberg, Rady on Washington, Bloomberg one
Speaker 1: on one, on five points seven, FM HD two, Karen
Speaker 1: fifty six on Wall Street. This is Bloomberg Daybreak in
Speaker 1: Marches Women's History Month, and every day this month, we're
Speaker 1: celebrating significant moments in women's history. Now, if you're installment
Speaker 1: for March fourteen. Here's Bloomberg's or need a young On
Speaker 1: This day in Women's History. In nineteen sixty nine, Barbara
Speaker 1: Joe Reuben becomes the first female jockey to win a
Speaker 1: race against men at a nationally recognized race track in
Speaker 1: the United States. She piloted Bravy Galaxy to victory in
Speaker 1: front of a pat grandstand at Aqueduct Racetrack in New York.
Speaker 1: About a month earlier. That year, Ruben also made history
Speaker 1: as the first female jockey to win an American para
Speaker 1: mutual race while she was in West Gina. When Reuben
Speaker 1: was six years old, she was diagnosed with polio and
Speaker 1: began riding shortly after as a form of exercise and
Speaker 1: to help strengthen her legs. She made her competitive debut
Speaker 1: in Nassau, Bahamas at the Hobby Horse Hall Track. She
Speaker 1: made big waves as a rookie, but her career was
Speaker 1: cut short by injuries after eighty nine mounts. That's today
Speaker 1: in Women's history. I'm rened to young Bloomberg Radio. All right, Nada,
Speaker 1: thank you, and again, futures this morning are higher SMP.
Speaker 1: Futures have forty points. Now futures have three hundred sixty
Speaker 1: four and Nastack futures of eighty eight ten year Treasury
Speaker 1: down twenty three thirty seconds. He held two point oh
Speaker 1: seven per cent, And Bloomberg surveillance is straight ahead for
Speaker 1: John Tucker. I'm Karen Moscow, and this is Bloomberg