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Speaker 1: Live from the Bloomberg Interactor Broker Studios. Is Bloomberg day

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Speaker 1: Break for Thursday January two. Coming up this hour. Markets

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Speaker 1: react after the Fed takes a hawkish tone that's on

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Speaker 1: rate hikes climb, with traders now predicting five increases. Earnings

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Speaker 1: also hit sentiment as outlooks from Intel and Tesla disappoints,

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Speaker 1: and Chuck Schumer promises quick action to fill Justice Stephen

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Speaker 1: Brier spot on the Supreme Court. A winter storm bears

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Speaker 1: down on the city, and President Biden will visit New

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Speaker 1: York to focus on gun violence. On John Tucker, those

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Speaker 1: stories straight ahead, I'm John stas Shower. Sports, the Heat

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Speaker 1: beat the Knicks, the Nuggets beat the Nets, and they're

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Speaker 1: playing the women's semifinals at the Australian Open. That's all

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Speaker 1: straight ahead on Bloomberg day Break on Bloomberg eleven three

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Speaker 1: on New York, Bloomberg Washington, d C, Bloomberg one O

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Speaker 1: six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x

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Speaker 1: M one nine Team and around the world Old on

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Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business Set.

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Speaker 1: Good morning, I'm Nathan Hagar, and I'm Karen, Moscow and

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Speaker 1: US futures, we're looking a stage a comeback, but they're

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Speaker 1: lower once again. It is currently six oh one on

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Speaker 1: Wall Street and we check the markets every fifteen minutes

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Speaker 1: throughout the trading day on Bloomberg. Right now, SMP futures

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Speaker 1: are down twelve points down, futures down eight eight, NASDAG

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Speaker 1: futures down forty eight. The decks in Germany's down seven

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Speaker 1: tenths of upper cent ten year treasury up eight thirty seconds.

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Speaker 1: He had one point eight three percent. They yield on

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Speaker 1: the two year one point one nine percent. Ninem Ex

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Speaker 1: screwed oil. It is little change at eight seven thirty

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Speaker 1: four cents of barrel and bitcoin this morning at thirty

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Speaker 1: six thousand, three hundred fifty dollars. Nathan Karen. Stocks did

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Speaker 1: sell off overnight after yesterday's hawk is tilt from the Fed.

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Speaker 1: We had seen some evidence of dip buying this morning,

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Speaker 1: but as you mentioned, US futures are back in the

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Speaker 1: red chair. J Powell is signaling a March interst rate hike,

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Speaker 1: but stoking speculation as well about more aggressive policy in

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Speaker 1: the months ahead. I think there's quite a bit of

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Speaker 1: room to raise interest rates without threatening the labor market.

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Speaker 1: This is, by so many measures, a historically tight labor market.

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Speaker 1: The yield curve flattened on the heels of those comments

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Speaker 1: from j Pal this morning, two year yields are rising

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Speaker 1: while tens and thirties fall. Former Fed Vice chair Alan

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Speaker 1: Blinder expects to rate hike at every meeting going forward.

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Speaker 1: Think about where we are now, We're almost as zero

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Speaker 1: rate four rate hike is puts you just above one

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Speaker 1: per cent. That's hardly a central bank that's trying to

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Speaker 1: clamp down on its economy. Former vice chair Allen Blinder

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Speaker 1: says the Fed will continue to be data dependent. In

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Speaker 1: this morning, money market surprising five rate hikes from the

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Speaker 1: Fed this year, and US stocks sank after the Fed decision, Nathan,

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Speaker 1: and that trend continued overnight with heavy selling in Asia.

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Speaker 1: We get the recap from blooming Bloomberg's Juliette Sally in Singapore.

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Speaker 1: Good morning, Juliette, Good morning Karen. The MSCI Asia Pacific

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Speaker 1: INEX posted its biggest drop since February to hold a

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Speaker 1: fourteen month lows, as a number of indexes in the region.

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Speaker 1: Tajd Auno entered bad market and correction territory China's cs

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Speaker 1: I three hundred twenty percent from its February pake to

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Speaker 1: enter a bad market. South Koreas cost me also entering

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Speaker 1: a bad market. Australia's ESSEX two hundred was down ten

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Speaker 1: pa cent from its August peake to enter correction in Singapore.

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Speaker 1: Juliet Sale, Bloomberg Daybreak, All right, Juliete, thank you. So

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Speaker 1: how much further is the Federal Reserve willing to let

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Speaker 1: stock slide? We have a prediction from the world's biggest

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Speaker 1: hedge fund, and Bloomberg. Rnita Young joins US Live with

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Speaker 1: the details. Good morning, Granita, Good morning Nathan. It's the

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Speaker 1: burning question of the moment for market watchers. At Bridgewater Associates,

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Speaker 1: co Chief investment officer Greg Jensen says the Fed could

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Speaker 1: let stocks drop as much as twenty more. That would

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Speaker 1: put the S and P five hundred below thirty hundred,

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Speaker 1: near its pre pandemic level. Jensen says, so far, the

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Speaker 1: decline over the past few weeks has been mostly healthy

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Speaker 1: because it's deflated some of the bubbles, like cryptocurrencies. Live

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Speaker 1: in New York. I'm Goranita Young, Bloomberg Daybreak, All right, Grania,

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Speaker 1: thank you about stocks are also under pressure this morning

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Speaker 1: from earnings, including disappointing results from Intel. The shipmakers out

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Speaker 1: with a weak profit forecast for the current quarter, and

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Speaker 1: we get the story from Bloomberg's Charlie Pillett. The report

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Speaker 1: is fueling concern that the cost of CEO Pat Gelsinger's

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Speaker 1: turnaround plan will weigh heavily on the chipmaker's financial performance.

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Speaker 1: Though demand for server chips is helping bolster sales, the

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Speaker 1: forecast ads evidence that profit is suffering from an Intel

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Speaker 1: spending spree. Gelsinger, who took the helm last year, has

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Speaker 1: embarked on an ambitious plan to overhaul Intel's manufacturing that

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Speaker 1: includes a new factory hub and Ohio announced last week

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Speaker 1: that could cost twenty billion dollars in New York. Charlie

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Speaker 1: Pellet Bloomberg day Break, All right, Charlie, thank you. Shares

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Speaker 1: of Tesla are also dropping this morning. They're down one

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Speaker 1: in the third percent after the company posted profit above

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Speaker 1: estimates but warn't supply chain problems will persist. Ed Ludlow

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Speaker 1: has details from our Bloomberg nine sixty newsroom in San Francisco.

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Speaker 1: Executives said that production volumes at the plant in Fremont

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Speaker 1: California and in Shanghai have been a pressed for several

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Speaker 1: quarters due to the ongoing supply chain crunch that includes,

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Speaker 1: of course, a shortage of semiconductors, and that meant one

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Speaker 1: big thing this year, Tesla will not be launching any

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Speaker 1: new products. That means no cyber truck, no semi truck.

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Speaker 1: And the logic that Elon must put behind that was

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Speaker 1: that if they don't have the parts to build or

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Speaker 1: ramp up production of their existing products, then they shouldn't

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Speaker 1: move quickly onto new products going forward. Ed Lovelow, Bloomberg News,

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Speaker 1: San Francisco, and thank you the teker and age continue

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Speaker 1: to roll in today. Up next to Apple reports this afternoon,

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Speaker 1: and we get a preview from Bloomberg's Tom Busby. Well.

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Speaker 1: The big question for Apple's first quarter results how big

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Speaker 1: were holiday sales of its new iPhone thirteens, as well

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Speaker 1: as the iPad Mini, the MacBook Pro, the Apple Watch

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Speaker 1: Series seven, and it's updated air party or phones. Also

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Speaker 1: whether that global computer chip crunch and supply chain bottlenecks

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Speaker 1: impacted sales and production. Bloomberg economist forecast revenue during the

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Speaker 1: all important holiday quarter top one D nineteen billion dollars,

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Speaker 1: more than half of that from sales of iPhones on

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Speaker 1: non adjusted earnings of a dollar ninety a share tom

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Speaker 1: Busby Bloomberg Daybreak Thanks Tom. Earnings in Europe are also

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Speaker 1: in focus. Shares of Deutsche Bank OR up almost five

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Speaker 1: and a half percent. Germany's largest lender, says it will

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Speaker 1: quote significantly exceed its revenue guidance for the coming year.

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Speaker 1: Deutsche Bank saw gains in debt trading and its mergery

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Speaker 1: our merger advisory business in the fourth quarter. And turning

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Speaker 1: to politics now, Nathan President Biden looks poised to make

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Speaker 1: a mark on the Supreme Court. We're told Justice Stephen

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Speaker 1: Bryer plans to retire at the end of this term.

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Speaker 1: Senate Majority Leader Chuck Schumer is leading tributes to the

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Speaker 1: high courts. Most senior liberal, he was a model jurist.

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Speaker 1: He had huge impact on people's lives in terms of

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Speaker 1: voting rights, women, women's rights, and reproductive rights, in terms

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Speaker 1: of the environment, and maybe most of all, on the

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Speaker 1: a c a UH, the Affordable Care Act, making sure

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Speaker 1: it's state. Senator Schumer is promising a quick timetable to

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Speaker 1: confirm Brier's successor. President Biden has promised in aim a

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Speaker 1: black woman to the High Court. And right now, SMP

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Speaker 1: futures are down six point, Staff futures down fifty four.

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Speaker 1: Nasdaq futures are lower by eighteen points. The tenure treasury

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Speaker 1: is up nine thirty seconds. The yield one yield on

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Speaker 1: the two year one point one nine. Local news and

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Speaker 1: to check of sports. Next, this is Bloomberg at six

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Speaker 1: oh seven on Wall Street where eighteen degrees in Central Park.

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Speaker 1: Still dealing with big delays on the northbound Connecticut Turnpike

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Speaker 1: with two tractor trailers involved in an accident. John Tucker

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Speaker 1: is here with more on what's going on in New

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Speaker 1: York and around the world. John and Na said, we're

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Speaker 1: watching a powerful snow storm that's sent to sweep up

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Speaker 1: the East Coast starting tomorrow. At Bloomberg, Meteorologist Rob Carolin

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Speaker 1: joins us with the very latest. Good morning, Rob, John.

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Speaker 1: The computer model is still not an agreement on the

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Speaker 1: storm coming up for Saturday. The US model takes it

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Speaker 1: out to see while most of the international models have

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Speaker 1: a fairly significant storm for the Triston area. I think

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Speaker 1: that's why the National Weather Surfaces put a winter storm

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Speaker 1: watch up for Friday evening through sat. Sturday evening for

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Speaker 1: the coast, including the city in Long Island and Westchester County,

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Speaker 1: New York. Looks like the snow will arrive by mid

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Speaker 1: to day and afternoon tomorrow. In the Tristate area, should

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Speaker 1: be done by Saturday evening. Right now, two to six

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Speaker 1: inches looks likely. John Bloomberg Meteorologist Rob Carolyn, Thanks check

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Speaker 1: your flight this morning, and it's not because of the weather.

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Speaker 1: United says it's experiencing an I T outage and teams

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Speaker 1: are working to get it resolved. President Biden will promote

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Speaker 1: his administration's efforts to fight gun crime in New York

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Speaker 1: next week with Mayor Eric Adams, who's confronting a spade

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Speaker 1: of violence, including the shooting deaths of two police officers.

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Speaker 1: The President will try to highlight increase federal funding for

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Speaker 1: state and city law enforcement. A floria of meetings regarding

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Speaker 1: Russia and Ukraine appear to have made a bit of progress.

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Speaker 1: The story from Bloomberg's Aad Baxter. NATO Secretary General John

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Speaker 1: Staltenberg is urging a direct meeting with Russia. We are

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Speaker 1: prepared to listen to Russia's concerns. Real conversational how to

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Speaker 1: uphold strength and the amount of principles all European insecuted

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Speaker 1: that we have old as well. In Paris, direct meetings

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Speaker 1: with high level diplomats from Ukraine and Russia, both saying

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Speaker 1: marginal improvement, have set up another meeting in two weeks

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Speaker 1: in Berlin, and the US has delivered a letter to

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Speaker 1: Russia with proposals to end the standoff. In San Francisco,

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Speaker 1: I'm at Baxter Bloomberg Daybreak, New York's mt A looking

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Speaker 1: at ways to prevent people from falling. You're jumping out

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Speaker 1: of subway tracks. A test force plans to explore sensors

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Speaker 1: and platform doors. Homeless person this month killed a woman

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Speaker 1: by pushing her onto the tracks in front of an

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Speaker 1: oncoming train at the Times Square station. And Amazon dot

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Speaker 1: Com was unable to escape a lawsuit filed by convicted

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Speaker 1: murder in New York who claims the company's refusal to

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Speaker 1: hire him as a delivery driver was discrimination. A judge

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Speaker 1: rule that Henry Franklin's crime had no bearing at whether

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Speaker 1: he could deliver groceries. Global News twenty four hours a

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Speaker 1: day on Aaron on Bloomberg Quicktake power by more than

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Speaker 1: twenty seven hood journalists and analysts in more than one

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Speaker 1: twenty countries. I'm John Tucker. This is Bloomberg Nathan all Right. John. Thanks,

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Speaker 1: coming up to six ten on Wall Street. Time for

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Speaker 1: the Bloomberg Sports update. Here's John all Right. Nathan. Nick's

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Speaker 1: unable to beat the Heat in Miami. Trailed by fourteen

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Speaker 1: in the first quarter, by twenty eight and the third.

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Speaker 1: The final a little more respectable. But Miami, who leads

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Speaker 1: the East one at one ten to nineties six. The

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Speaker 1: Heat had four players scored twenty or more, Duncan Robinson

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Speaker 1: at twenty five. He made seven three pointers. The Knicks

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Speaker 1: leading score was Obi Toppin with eighteen. Not a loss

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Speaker 1: for the Nets in Brooklyn, where they are just twelve

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Speaker 1: and thirteen. They were without the entire Big three as

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Speaker 1: James Harden sat out for the minor ham spring injury.

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Speaker 1: In Denver, scored forty two points in the third quarter

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Speaker 1: of the Nuggets one to one eighteen. Rangers skate tonight

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Speaker 1: in Columbus, then come home tomorrow for Henrik Lunquist night.

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Speaker 1: Seaton Hall lost at home to Marquette seventy three sixty

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Speaker 1: three of the five is just three and six in

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Speaker 1: the Big East Ash Party continues to steam roll at

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Speaker 1: the aust only at Open six one, six three at

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Speaker 1: the semifinals over American Madison Keys, Party has won all

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Speaker 1: twelve sets, has only lost twenty one games. American Daniel

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Speaker 1: Collins playing now he's won the first set of her

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Speaker 1: semifinal match. Introductory his conference of MetLife Stadium for new Giants,

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Speaker 1: gentlemanager Joe Shane and owner John Mara. When asked about

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Speaker 1: quarterback Daniel Jones said, we've done everything possible to screw

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Speaker 1: this kid up. Shane seems happy with the incumbent QUB.

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Speaker 1: I know he's a great kid. He's been in this

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Speaker 1: building the last two days. I'll talk to him. There's

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Speaker 1: not anybody in this building that's said a bad word

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Speaker 1: about his work, Ethic, passion, you know, desire to win,

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Speaker 1: and I think you got to have those traits as

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Speaker 1: a quarterback. And the kid has physical ability. You know,

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Speaker 1: he's got arms strength, he's athletic, he can run. So

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Speaker 1: I'm really getting I'm really excited to work with Daniel.

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Speaker 1: A lot of other key decisions, including hired a new coach.

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Speaker 1: Shane will interview former Miami Dolphins head coach Brian Flores today.

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Speaker 1: John Stashi aware of Bloomberg scores all right, John, Thanks.

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Speaker 1: SESP futures down five point, Staff futures down fifty two,

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Speaker 1: one point. Dan Ives of web Bush joins us Next

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Speaker 1: Bloomberg eleven three oh weather high your thirty today with

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Speaker 1: a winter storm watch kicking in tomorrow night, lasting into

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Speaker 1: Saturday night. Two to six inches of snow possible from

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Speaker 1: an over easter tomorleshigs and mid thirties low twenties for Saturday. Markets,

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Speaker 1: headlines and breaking news twenty four hours a day at

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Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg

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Speaker 1: Quick Tape. This is a Bloomberg Business flash and I'm

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Speaker 1: par in Moscow and you have stock in Next. Futures

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Speaker 1: have been jumping around a bit this morning following US

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Speaker 1: sell offs marked by a hawkish federal reserve. We checked

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Speaker 1: the markets every fifteen minutes throughout the trading day on

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Speaker 1: Bloomberg and right now, SNP futures are a little change down.

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Speaker 1: Futures are as well as well as Nest Deck futures.

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Speaker 1: The decks in Germany is down half per cent the

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Speaker 1: ten year Treasury up eight thirty seconds one point three percent,

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Speaker 1: nine percent. Nine X true oil is it'll changed at

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Speaker 1: eighty seven dollars forty two cents a barrel. Comex Scholl

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Speaker 1: down one point one percent, down twenty dollars forty cents

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Speaker 1: at eighteen eleven sixty an ounce. The Euro one point

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Speaker 1: one eight nine against the dollar, British found one point

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Speaker 1: three four oh shoo, and the yen is at one

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Speaker 1: fifteen point to zero Bitcoin this morning at thirty six thousand,

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Speaker 1: four hundred sixty dollars. Today we are watching for the

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Speaker 1: weekly report on initial jobless claims at at eight thirty

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Speaker 1: Wall Street time, along with durable goods orders and pending

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Speaker 1: home sales are out of ten. That's a Bloomberg business flash.

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Speaker 1: Now here's John Tucker with Moore on what's going on

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Speaker 1: around the world. John and sent a. Democrats Karen planned

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Speaker 1: to move swiftly to replace retiring Supreme Court Justice Stephen Bryer.

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Speaker 1: Dozens of United flights delayed this morning after the airline

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Speaker 1: reported a company wide technology outage. South Korea's military says

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Speaker 1: North Korea Fire two is suspended. Ballistic missiles into the

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Speaker 1: sea in a sixth round of weapons launches this month, sports,

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Speaker 1: the Nix and Nets both lose, and on the ice

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Speaker 1: the Capitals lose the Bruins fault of Colorado in overtime

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Speaker 1: after the Australian opened women's semifinals as Lee Barney defeats

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Speaker 1: American Madison Keys in straight Sense Global News twenty four

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Speaker 1: hours a day on a round Bloomberg Quicktake, powered by

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Speaker 1: more than twenty seven hundred journalist and analysts and more

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Speaker 1: than one twenty countries. I'm John Tucker. This is Bloomberg,

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Speaker 1: Nathan John, Thank you, six nineteen on Wall Street Live

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Speaker 1: from the Bloomberg Interactor Broker Studios. This is Bloomberg Daybreak.

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Speaker 1: As we watched sort of the market shifting this morning,

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Speaker 1: We're continuing to keep our eyes on shares of Tesla

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Speaker 1: after the electric carmaker reported earnings that came in at

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Speaker 1: a record actually, but the shares this morning are lower

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Speaker 1: by a little more than one percent with supply chain

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Speaker 1: issues keeping the brakes on new models for Elon Muskin Company.

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Speaker 1: Joining us now someone who has been very bullish on

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Speaker 1: Tesla and the tech sector more broadly, Dan Ives, Senior

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Speaker 1: Equity research channelist and managing director at Red Bull Securities, Dan,

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Speaker 1: Good morning. Seems like the supply chain, the outlook is

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Speaker 1: what's got investors attention this morning. Isn't shaking your thesis

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Speaker 1: at all on Tesla going forward? Yeah, I mean, look

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Speaker 1: not at all. I mean right now that they have

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Speaker 1: a supply problem, on demand problem demand that Strive been

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Speaker 1: supply by about and I think the big story from

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Speaker 1: last night is Austin, which is the main factory now

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Speaker 1: in the US that's actually open and start and produced cars,

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Speaker 1: along with eight battery, which is probably the most innovative

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Speaker 1: battery technology out there. You put all together, this is

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Speaker 1: a knee jerk reaction and risk off market. I think

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Speaker 1: ultimately investors digestive as bullish. What about the fact that

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Speaker 1: Elon Musk came out in the call last night something

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Speaker 1: he hadn't done the last time Tesla reported earnings and

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Speaker 1: pretty much confirmed that a lot of these delayed models

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Speaker 1: like Cybertruck and some of the other models coming down

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Speaker 1: the pike are going to have to be delayed even

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Speaker 1: longer we'll be supplied. Is an unprecedented issue that we're

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Speaker 1: seeing for automakers around the world. For Tesla, they got

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Speaker 1: to focus right now and ramping Model Y production and

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Speaker 1: Model three because you're talking about five six, seven month

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Speaker 1: weeks for those cars. The last thing you want to

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Speaker 1: see them do is now trying to juggle another ball

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Speaker 1: and bring Cybertruck into it. And it's a smart movie.

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Speaker 1: You push you two thousand three. Right now, demand significantly

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Speaker 1: on stripping supply. They got to focus on ramping Giga Austin, Brewin,

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Speaker 1: in Europe, and ultimately, if you look at EVS right now,

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Speaker 1: I mean the Altar, the underlying story for Tesla is bullish.

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Speaker 1: As they continue extend that lead on EVS, does it

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Speaker 1: become more difficult to ramp up production in Austin and Berlin? Though,

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Speaker 1: when the Tesla and a lot of other automakers more

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Speaker 1: broadly are dealing with these supply chain issues, no doubt.

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Speaker 1: I mean, Tesla is let's say, gotten from about fifty

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Speaker 1: percent growth in terms of deliveries just coming year when

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Speaker 1: point four one point five million, if not for the

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Speaker 1: chip shortage, that's probably closer to one point seven one

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Speaker 1: point eight million. So so it's really taking off a

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Speaker 1: chunk ten twelve percent of automobiles that can't be made

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Speaker 1: because of the chip shortage. But again, this is something

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Speaker 1: where the street understands this. It's a reality. And if

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Speaker 1: you look at the ultimate demand story and what's happened

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Speaker 1: on the battery technology, which is super important, that's a

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Speaker 1: big part of the competitive mode. That's what investors are

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Speaker 1: gonna glean at this call. And even though it's a

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Speaker 1: risk off market, look at a lot of these knee

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Speaker 1: jerk reactions. Microsoft after market down five percent, up four

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Speaker 1: percent once that they started. So I think you're going

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Speaker 1: to see that in this jittery tape. Yeah, I gotta

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Speaker 1: wonder whether we're gonna see more jitters when Apple reports

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Speaker 1: its earnings after the bell later this afternoon. Supply chain

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Speaker 1: issues are in focus for them as well. Dan, It's

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Speaker 1: gonna be a similar narrative as Tesla. Demand outstripping supply.

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Speaker 1: We just can't make another five pots because coming out

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Speaker 1: of China and the Asia supply chain. And I think

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Speaker 1: this is just the reality investors are gonna grapple with

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Speaker 1: across chips, across the tech sector. But I do believe

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Speaker 1: that it's something that's already started get baked into these

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Speaker 1: stocks and what we were over sold names specifically names

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Speaker 1: like Tesso and Apple, and I think you could fundamentals

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Speaker 1: this week in the vacuum of FED news, it's been

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Speaker 1: bullish for tech. Company is a fit and beat and

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Speaker 1: I think that's important going forward. So when it comes

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Speaker 1: to Apple, then in our last minute here, Dan, we're

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Speaker 1: coming out of the holiday sales period as well, in

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Speaker 1: this reporting cycle that Apple's coming into. What's your expectation

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Speaker 1: on what Apple is gonna come out with strongest product

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Speaker 1: cycle in a decade in capputina, I think you look

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Speaker 1: at iPhone units. We think they sold forty million during

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Speaker 1: the holiday season alone. That would be the strongest holiday

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Speaker 1: ever for Apple, even though they have a chip shorts

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Speaker 1: that took out about ten million units. Services is the key,

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Speaker 1: that's the rate, and that's worth you know, we be

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Speaker 1: one point five trillion and Apple it's a safety planking

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Speaker 1: name in the market storm and I think this is

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Speaker 1: one that's going to ultimately be another positive data point

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Speaker 1: for tech in this sort of backdrop of a FED

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Speaker 1: rising rate environment where investors are seeing at risk off interesting.

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Speaker 1: Always good to get your thoughts stand on tech. Thanks

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Speaker 1: so much. Dan Ives is senior equity research channelist Managing

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Speaker 1: director at Wedbush Securities, looking ahead to those Apple earnings

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Speaker 1: after the closing bell today, The shares this morning are

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Speaker 1: moving a touch higher. They're up about three tenths of

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Speaker 1: one per cent. As for Tesla, still lower in the

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Speaker 1: pre market after the forecast for no further products nor

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Speaker 1: at least no new ones in this current year. Tesla

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Speaker 1: shares right now down almost one and a half percent.

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Speaker 1: As for the broader market, kind of shaky. SMP futures

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Speaker 1: down three points down Down, futures down forty six, Nasdaq

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Speaker 1: futures little changed to in your treasury one point eight

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Speaker 1: three percent yield. This is Bloomberg Bloomberg eleven three oh

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Speaker 1: weather high in your thirty today. Winter storm watch tomorrow

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Speaker 1: tonight Tomorrow night into Saturday, two to six inches possible

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Speaker 1: from the northeastern mid thirties tomorrow low twenties for Saturday

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Speaker 1: eighteen degrees. Currently broadcasting live from the Bloomberg Interactive Broker

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Speaker 1: Studio in New York. Bloomberg e loving free to Washington,

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Speaker 1: d C. Bloomberg to Boston, Bloomberg one six one does

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Speaker 1: San Francisco, Bloomberg nine sixty to the country Sirius xm

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Speaker 1: Cho one nineteen and around the globe. The Bloomberg Business

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Speaker 1: app and Bloomberg Radio dot com. This is Bloomberg Daybreak

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Speaker 1: six thirty on Wall Street. Good morning, I'm Nathan Hagar

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00:20:52,480 --> 00:20:54,879
Speaker 1: and I'm fair in Moscow. We're just about three hours

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Speaker 1: away from the open of US trading. Time for the

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Speaker 1: fine things you need to notice start your day. Brought

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Speaker 1: to you by Interactive Brokers Global Analysts. Global Analysts helps

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00:21:03,720 --> 00:21:07,199
Speaker 1: you find new global investment opportunities. To diversify your portfolio

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Speaker 1: and discover undervalued companies. Try Global Analysts today at i

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Speaker 1: v k R dot com slash g a up first.

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Speaker 1: Stocks are mixed around the world this morning. That's after

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Speaker 1: the Feder reserves hankish tone on interest rates. At one

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Speaker 1: point NASDACK futures were down more than two percent, but

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Speaker 1: they're now higher, but they've been jumping around. They are

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Speaker 1: higher by about two tenths of a percent right now.

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Speaker 1: Jeff Rosenberg of black Rock says the Fed has a

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Speaker 1: tough job ahead. How difficult it is for the Fed

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Speaker 1: to navigate to that soft landing that's implicit in those

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Speaker 1: SEP forecasts, and that really raises the risks here, I

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Speaker 1: think for financial markets and black Rocks. Jeff Rosenberg says

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Speaker 1: the market had anticipated a more dubbish message from the Fed,

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Speaker 1: and now the question, Karen, is just how many times

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Speaker 1: the Fed raises rates. Let's get the latest live with

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Speaker 1: Bloomberg's Rnita Young. Good morning, Ranida, Good morning Nathan. Traders

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Speaker 1: are ramping up bits to see five fit rate hikes

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Speaker 1: this year that would bring the Central Bank's target rate

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Speaker 1: to around one and a half percent. The wagers are

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Speaker 1: rippling through markets, with short dated bonds and equities slumping.

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Speaker 1: Money markets are pricing thirty basis points of FED tightening

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Speaker 1: in March. That means some see a chance for a

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Speaker 1: fifty point hike and it all comes as fit. Chair

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Speaker 1: j Pal strikes a hawk is tone and signals the

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Speaker 1: first rate increase in March. Live in New York. I'm

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Speaker 1: goned a Young Bloomberg Daybreak, need to thank you. Corporate

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Speaker 1: earnings are also weighing on stock shares. An Intel down

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Speaker 1: more than two and a half percent after the shipmaker

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Speaker 1: gave a disappointing profit forecast. An Tesla shares are down

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Speaker 1: more than one percent care in the company set a

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Speaker 1: record for profit, but more in supply chain problems will

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Speaker 1: keep it from introducing new vehicle models this year outside

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Speaker 1: of the markets Nathan Politics front and center. President Biden

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Speaker 1: has boys to make a mark on the Supreme Court

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Speaker 1: afterward that Justice Steven Brier plans to retire at the

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Speaker 1: end of this term. The President has promised to name

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Speaker 1: a black woman to replace Brier, and Bloomberg Josh wing

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Speaker 1: Grove reports that would fulfill a campaign promise Bindness face

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Speaker 1: pressure from the base, in particular voters of color for

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Speaker 1: not doing enough on core issues, things like voting rights,

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Speaker 1: things like police reform, and if you have the opportunity

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Speaker 1: now to make a very high profile nomination, in particular

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Speaker 1: if it is indeed a black woman, there could be

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Speaker 1: political dividends for the Democrats. Clomberg josh A wind Groves

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Speaker 1: says Justice Brier is expected to announce his retirement at

428
00:23:20,600 --> 00:23:23,199
Speaker 1: the White House today. And that's the five things you

429
00:23:23,280 --> 00:23:25,360
Speaker 1: need to notice start your day. Brought to you by

430
00:23:25,520 --> 00:23:30,600
Speaker 1: Interactive Brokers and straight Ahead your latest local headlines plus

431
00:23:30,640 --> 00:23:38,800
Speaker 1: a check of sports. And this is Bloomberg. Thanks Karen.

432
00:23:38,840 --> 00:23:41,800
Speaker 1: Six three on Wall Street eighteen degrees in Central Park,

433
00:23:41,840 --> 00:23:43,840
Speaker 1: we got an accident on the inbound g w B

434
00:23:44,040 --> 00:23:47,439
Speaker 1: lower level. Details coming up in traffic. First, John Tucker

435
00:23:47,520 --> 00:23:49,359
Speaker 1: with more on what's going on in New York end

436
00:23:49,359 --> 00:23:52,360
Speaker 1: around the world. John, Good morning, Nathan. President Biden will

437
00:23:52,520 --> 00:23:55,760
Speaker 1: visit New York next week to focus on gun crime.

438
00:23:55,880 --> 00:23:58,920
Speaker 1: Let's get more of this report from Bloomberg's Lisa Matteo.

439
00:23:59,240 --> 00:24:02,480
Speaker 1: Biden will high light efforts including increased federal funding for

440
00:24:02,600 --> 00:24:05,760
Speaker 1: state and city law enforcement agencies. The money is intended

441
00:24:05,800 --> 00:24:09,520
Speaker 1: to fund beat officers and community violence prevention programs. The

442
00:24:09,520 --> 00:24:13,480
Speaker 1: administration is also stepping up federal efforts to stop gun trafficking.

443
00:24:13,600 --> 00:24:16,600
Speaker 1: The President will join Mayor Eric Adams, who is confronting

444
00:24:16,600 --> 00:24:19,440
Speaker 1: a spat of violence. Since he took office on January one,

445
00:24:19,760 --> 00:24:23,000
Speaker 1: five officers have been shot, including two who died after

446
00:24:23,080 --> 00:24:26,359
Speaker 1: responding to a domestic disturbance call in New York. I'm

447
00:24:26,440 --> 00:24:30,600
Speaker 1: Lisa Matteo Bloomberg Daybreak. Winter Storm Watch is an effects

448
00:24:30,600 --> 00:24:33,920
Speaker 1: starting tomorrow night for a system that made blanket parts

449
00:24:33,920 --> 00:24:37,040
Speaker 1: of the city and Snall and Bloomberg Mediablo just Rob

450
00:24:37,160 --> 00:24:40,240
Speaker 1: Carolin is tracking the storm this morning. Good morning, Rob, John.

451
00:24:40,280 --> 00:24:43,040
Speaker 1: We still have some pretty serious disagreement between the major

452
00:24:43,080 --> 00:24:45,240
Speaker 1: models on this storm. US model tries to take it

453
00:24:45,280 --> 00:24:46,800
Speaker 1: out to sea and really gives no snow to the

454
00:24:46,840 --> 00:24:49,960
Speaker 1: Tristate area. European model says, no, it's a major storm,

455
00:24:50,000 --> 00:24:51,879
Speaker 1: so we're gonna kind of ride in the middle. Right

456
00:24:51,880 --> 00:24:54,920
Speaker 1: now for forecast totals, we are into our winter storm,

457
00:24:54,960 --> 00:24:57,280
Speaker 1: watching along the coast and over the island and into

458
00:24:57,280 --> 00:25:00,880
Speaker 1: Westchester County for Friday night and into Saturday. A snow

459
00:25:00,880 --> 00:25:03,600
Speaker 1: she developed tomorrow afternoon and continuing to Sanity. The question

460
00:25:03,640 --> 00:25:05,439
Speaker 1: is how much. Right now, we're thinking about two to

461
00:25:05,480 --> 00:25:07,960
Speaker 1: six inches, with the highest amounts on the island. John

462
00:25:08,560 --> 00:25:13,160
Speaker 1: Alright Bloomberg meteorologist Rob Caroline. New Yorkers could boost weekly

463
00:25:13,200 --> 00:25:16,560
Speaker 1: benefits for laid off workers and delay unemployment tax sykes

464
00:25:16,640 --> 00:25:19,639
Speaker 1: for employers under a bill that passed the state Senate.

465
00:25:20,000 --> 00:25:22,960
Speaker 1: New york six point two percent unemployment rate in December

466
00:25:23,240 --> 00:25:25,760
Speaker 1: was more than two points higher than the national rate.

467
00:25:26,280 --> 00:25:30,040
Speaker 1: Prince Andrew is casting blame back at Virginia Juffree over

468
00:25:30,400 --> 00:25:34,040
Speaker 1: sexual abuse lawsuit she filed, saying her claims were barred

469
00:25:34,040 --> 00:25:37,280
Speaker 1: by her own wrongful conduct. In response to the suit,

470
00:25:37,320 --> 00:25:40,240
Speaker 1: Andrew suggests that she was at least partly responsible for

471
00:25:40,240 --> 00:25:43,639
Speaker 1: her own alleged injurist injuries to pray sis when she

472
00:25:43,680 --> 00:25:47,200
Speaker 1: was a teenager Jeffrey Emstein lent her to Andrew for abuse.

473
00:25:47,680 --> 00:25:50,879
Speaker 1: The British Defense Secretary says the UK could support NATO

474
00:25:50,960 --> 00:25:54,200
Speaker 1: countries by increasing its forces to act as a deterrent

475
00:25:54,200 --> 00:25:57,120
Speaker 1: to any further Rutchet aggression. This comes a day after

476
00:25:57,119 --> 00:26:00,640
Speaker 1: the US and NATO delivered written responses to Russia broadly

477
00:26:00,720 --> 00:26:04,760
Speaker 1: rejecting Moscow's demands that the Western Alliance redraw its borders.

478
00:26:05,520 --> 00:26:08,760
Speaker 1: She became part of an evening ritual for millions of

479
00:26:08,880 --> 00:26:12,119
Speaker 1: lottery players. You landa vega the face so the New

480
00:26:12,200 --> 00:26:15,760
Speaker 1: York Lottery on air drawings for three decades is called quits.

481
00:26:16,280 --> 00:26:19,479
Speaker 1: Drawing out the syllables with an exaggerated flair. Became Vegas

482
00:26:19,520 --> 00:26:23,640
Speaker 1: trademark and helped establish her as a New York institution.

483
00:26:24,160 --> 00:26:26,800
Speaker 1: Global news twenty four hours a day on Aeron, on Bloomberg,

484
00:26:26,840 --> 00:26:29,359
Speaker 1: Quick Take, Power Up Blind, more than twenty seven hundred

485
00:26:29,400 --> 00:26:31,920
Speaker 1: journalists and analysts and more than one hundred twenty countries.

486
00:26:32,200 --> 00:26:36,399
Speaker 1: I'm John Tucker. This is Bloomberg, Nathan, Thank you, John

487
00:26:42,200 --> 00:26:44,479
Speaker 1: on wall Street, John stash Art, the Bloomberg Sports that day,

488
00:26:44,600 --> 00:26:46,160
Speaker 1: Thanks Navan. This for you to be a tough week.

489
00:26:46,200 --> 00:26:48,159
Speaker 1: For the next day, lost by two in Cleveland, but

490
00:26:48,280 --> 00:26:51,119
Speaker 1: never in it. In Miami, they heat land by and

491
00:26:51,160 --> 00:26:53,760
Speaker 1: the third quarter of the finals one ten to ninety six, East,

492
00:26:53,800 --> 00:26:55,800
Speaker 1: needing Miami's down one in the last name, the Nix

493
00:26:56,240 --> 00:26:58,920
Speaker 1: are floundering. They finished fourth in the East last season.

494
00:26:59,000 --> 00:27:01,920
Speaker 1: Right now they are eleven. They played tomorrow in Milwaukee.

495
00:27:02,000 --> 00:27:04,000
Speaker 1: The Nets played without the Big three no James Harden

496
00:27:04,080 --> 00:27:06,480
Speaker 1: due to a hamstring injury in Denver. One in Brooklyn

497
00:27:06,800 --> 00:27:10,200
Speaker 1: one eighteen I Jrola yokes twenty six points and your

498
00:27:10,240 --> 00:27:12,800
Speaker 1: triple double Austin rivers at twenty five, all the three

499
00:27:13,080 --> 00:27:15,840
Speaker 1: in the second half. Seaton Hall lost to Marquette seventy

500
00:27:16,200 --> 00:27:19,080
Speaker 1: sixty three. No native Aussee has won the women's singles

501
00:27:19,080 --> 00:27:23,200
Speaker 1: in Melbourne's nineteen seventy eight Ashley Varty scenes on her way.

502
00:27:23,280 --> 00:27:26,360
Speaker 1: The top seed has crossed sixth straight opponents, this time

503
00:27:26,440 --> 00:27:29,560
Speaker 1: Madison Keys. In the semifinals six one, six three. Barty

504
00:27:29,560 --> 00:27:32,640
Speaker 1: will play another American in the final is Danielle Collins.

505
00:27:33,000 --> 00:27:36,040
Speaker 1: Just feed Ego Swayatteck six four six one. If Barty

506
00:27:36,040 --> 00:27:38,720
Speaker 1: wins Saturday, she'll have won three of the four grand stands.

507
00:27:38,760 --> 00:27:42,280
Speaker 1: The men semis have rapilodal play and Matteo, Barrettini, Daville,

508
00:27:42,280 --> 00:27:45,399
Speaker 1: Medvedev goes against Stefano, sits a flat. Joe Shane just

509
00:27:45,520 --> 00:27:47,440
Speaker 1: tiers to do gentle manager. The Giants a lot of

510
00:27:47,480 --> 00:27:50,680
Speaker 1: work to do since two thousand seventeen, the Giants tied

511
00:27:50,720 --> 00:27:53,040
Speaker 1: for the worst record in the NFL. I think you

512
00:27:53,080 --> 00:27:54,919
Speaker 1: can true to build the roster where you can compete

513
00:27:54,920 --> 00:27:57,680
Speaker 1: today and build for tomorrow. So we're gonna do the

514
00:27:57,760 --> 00:28:01,720
Speaker 1: draft free agency ever avenue we can. We're going to

515
00:28:01,760 --> 00:28:04,760
Speaker 1: continue to build a competitive roster, and we want to

516
00:28:04,800 --> 00:28:07,320
Speaker 1: see progress, and we're going to continue to build with

517
00:28:07,320 --> 00:28:09,520
Speaker 1: a long term in mind, you know, as we build it.

518
00:28:09,520 --> 00:28:11,320
Speaker 1: But I think you can compete today and still build

519
00:28:11,359 --> 00:28:15,320
Speaker 1: for tomorrow. Coach. The favorite said to be Bill's offensive winter,

520
00:28:15,440 --> 00:28:18,239
Speaker 1: Brian day Ball, you worked machine and Buffalo. John Sta

521
00:28:18,240 --> 00:28:21,199
Speaker 1: actually wear Bloomberg Sports all right, John? Thanks? Almost six

522
00:28:21,280 --> 00:28:22,800
Speaker 1: thirty eight on Wall Street, Let's take a look at

523
00:28:22,840 --> 00:28:24,440
Speaker 1: stocks and some of the names moving in the pre

524
00:28:24,520 --> 00:28:27,760
Speaker 1: market with Bloomberg Radio and TV markets correspondent Creedy goop

525
00:28:27,800 --> 00:28:30,359
Speaker 1: that it's not just about the Fed, Creedy, it's about

526
00:28:30,480 --> 00:28:33,760
Speaker 1: tech earnings. Yeah, they are coming in hot and heavy.

527
00:28:33,800 --> 00:28:35,720
Speaker 1: We know, of course, Apples reporting app for the bell.

528
00:28:35,800 --> 00:28:38,520
Speaker 1: But really, right now this morning, what's taking the cake

529
00:28:38,720 --> 00:28:41,160
Speaker 1: is Tesla and Intel. Let's start off with Tesla here

530
00:28:41,240 --> 00:28:43,720
Speaker 1: t s l as your taker down one point one

531
00:28:43,720 --> 00:28:45,960
Speaker 1: percent in the pre market. That's coming after the set

532
00:28:46,000 --> 00:28:48,600
Speaker 1: a record for profit but warned that those supply chain

533
00:28:48,640 --> 00:28:51,480
Speaker 1: problems will keep it from introducing new vehicle models this

534
00:28:51,560 --> 00:28:54,720
Speaker 1: year while focuses on expanding production of its current lineup.

535
00:28:54,760 --> 00:28:57,680
Speaker 1: That's gonna be a theme you're gonna hear across earnings altogether.

536
00:28:57,800 --> 00:29:00,680
Speaker 1: That's a similar theme you're hearing an Intel earnings as well.

537
00:29:00,720 --> 00:29:03,120
Speaker 1: I n TC s your ticker down just shy of

538
00:29:03,200 --> 00:29:06,440
Speaker 1: three percent after they gave a disappointing forecast for profit

539
00:29:06,480 --> 00:29:09,120
Speaker 1: in the current quarter. They're saying demand for server chips

540
00:29:09,120 --> 00:29:11,880
Speaker 1: there help, it's helping bolster bolster sales. Excuse me, but

541
00:29:11,960 --> 00:29:15,200
Speaker 1: the forecast also adds evidence that profit is suffering from

542
00:29:15,200 --> 00:29:18,120
Speaker 1: an Intel spending spree. We know that the CEO pad

543
00:29:18,120 --> 00:29:21,000
Speaker 1: Gel singers trying to kind of execute this big turnaround

544
00:29:21,000 --> 00:29:23,640
Speaker 1: plan for Intel, but right now the costs seemed to

545
00:29:23,680 --> 00:29:26,600
Speaker 1: be outweighing the benefits. Nathan, and we've got some tech

546
00:29:26,800 --> 00:29:29,280
Speaker 1: m and a news as well. I mean the chip

547
00:29:29,360 --> 00:29:32,120
Speaker 1: space is just very, very hot this morning, Nathan, Yes,

548
00:29:32,320 --> 00:29:34,640
Speaker 1: M and A for sure. Let's just start with the

549
00:29:34,680 --> 00:29:36,800
Speaker 1: A m D and Silence deal. This was of course

550
00:29:36,800 --> 00:29:38,360
Speaker 1: announced a couple of years ago, but A m D

551
00:29:38,520 --> 00:29:41,840
Speaker 1: looking to buy Zylings in a thirty five billion dollar deal.

552
00:29:41,920 --> 00:29:44,040
Speaker 1: The news this morning is that they've gootten that final

553
00:29:44,320 --> 00:29:48,760
Speaker 1: leg of approval from Chinese regulators that have granted the deal,

554
00:29:48,800 --> 00:29:50,960
Speaker 1: clearing the way for one of the largest deals to

555
00:29:51,000 --> 00:29:54,520
Speaker 1: emerge from the global semiconductor industry. And remember, the acquisition

556
00:29:54,560 --> 00:29:56,960
Speaker 1: had already won the blessing of regulators in the US,

557
00:29:57,120 --> 00:30:00,680
Speaker 1: Europe and the UK, among other jurory dictions. A m

558
00:30:00,760 --> 00:30:03,440
Speaker 1: D is your taker. Down two percent in the pre market,

559
00:30:03,480 --> 00:30:07,480
Speaker 1: classic merger arbitrage move this morning, x l n X

560
00:30:07,520 --> 00:30:10,120
Speaker 1: as your taker for xy links up just shy of

561
00:30:10,240 --> 00:30:13,400
Speaker 1: five percent. I'm gonna throw one last semis company at you, Nathan.

562
00:30:13,480 --> 00:30:16,200
Speaker 1: That's going to be Lamb Research. This, of course is

563
00:30:16,200 --> 00:30:18,840
Speaker 1: the semi equipment maker. We've been talking about this kind

564
00:30:18,840 --> 00:30:21,840
Speaker 1: of a boom for semis broadly. Well, A chip equipment

565
00:30:21,840 --> 00:30:25,560
Speaker 1: makers are even more volatile than those semiconductor companies. There's

566
00:30:25,560 --> 00:30:27,479
Speaker 1: just far more exposed that boom and bust cycle. Well,

567
00:30:27,560 --> 00:30:30,920
Speaker 1: LAMB Research expecting revenue in its fiscal third quarter to

568
00:30:30,920 --> 00:30:34,360
Speaker 1: reach about four point three billion dollars once again thanks.

569
00:30:34,360 --> 00:30:37,440
Speaker 1: Supply chain conditions had worsened in late December and it

570
00:30:37,520 --> 00:30:40,280
Speaker 1: ultimately hit the company's performance. L r c X as

571
00:30:40,280 --> 00:30:43,160
Speaker 1: your taker, down three percent. Nathan, Yeah, there's that supply

572
00:30:43,360 --> 00:30:47,240
Speaker 1: chain word again, Boomberg Radio and TV Markets correspondent Creedy

573
00:30:47,240 --> 00:30:49,600
Speaker 1: gooped to like you say, supply chains will be a

574
00:30:49,640 --> 00:30:52,720
Speaker 1: theme throughout this earning season. Thanks as always, as we

575
00:30:52,800 --> 00:30:55,200
Speaker 1: take a look at stocks as a whole ahead of

576
00:30:55,200 --> 00:30:58,480
Speaker 1: the Thursday morning open, mixed action now with SMP futures

577
00:30:58,520 --> 00:31:01,680
Speaker 1: down a point down, futures down twenty four, Nasdaq futures

578
00:31:02,080 --> 00:31:05,600
Speaker 1: back in the green, barely up seven points, the tenure

579
00:31:05,640 --> 00:31:09,000
Speaker 1: treasury of nine thirty seconds, the yield one yield on

580
00:31:09,040 --> 00:31:12,560
Speaker 1: the two year one point one seven yield curve. Flattening

581
00:31:12,600 --> 00:31:16,040
Speaker 1: continues this morning after the Fed. Stay with us. You're

582
00:31:16,080 --> 00:31:23,400
Speaker 1: listening to Bloomberg Daybreak, Bloomberg eleven three oh weather. We'll

583
00:31:23,400 --> 00:31:25,720
Speaker 1: get up to your thirty degrees today. Tomorrow night winter

584
00:31:25,840 --> 00:31:28,320
Speaker 1: storm watch kicks in. Two to six inches possible by

585
00:31:28,360 --> 00:31:31,800
Speaker 1: the time it's done. Saturday, mid thirties tomorrow, low twenties

586
00:31:31,880 --> 00:31:39,360
Speaker 1: for Saturday, currently eighteen degrees. Markets, headlines and breaking news

587
00:31:39,440 --> 00:31:42,080
Speaker 1: twenty four hours a day at Bloomberg dot Com, the

588
00:31:42,120 --> 00:31:45,560
Speaker 1: Bloomberg Business at and at Bloomberg Quick Tape tru He's

589
00:31:45,600 --> 00:31:55,440
Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow and futures

590
00:31:55,440 --> 00:31:58,440
Speaker 1: this morning have been jumping around a bit. We go

591
00:31:58,520 --> 00:32:00,960
Speaker 1: to the first Word breaking news desk to today's morning call.

592
00:32:01,080 --> 00:32:04,800
Speaker 1: Here's Bell Maloney, Bill, Good morning, Hey, good morning, Karen.

593
00:32:04,840 --> 00:32:07,600
Speaker 1: Your features are quiet right now with doubt features down

594
00:32:07,760 --> 00:32:11,040
Speaker 1: thirty six point, sesipes drop three and nastic futures are

595
00:32:11,080 --> 00:32:13,560
Speaker 1: lower by a point. The US A tenure yield at

596
00:32:13,600 --> 00:32:16,160
Speaker 1: one point eight three percent, Gold is down eleven, oil

597
00:32:16,240 --> 00:32:19,120
Speaker 1: is trading higher, and bitcoin is climbed by three point

598
00:32:19,160 --> 00:32:22,760
Speaker 1: while by three point one percent. Japan Pell fell overnight,

599
00:32:22,760 --> 00:32:25,640
Speaker 1: while up markets are trading mixed this morning and back

600
00:32:25,640 --> 00:32:27,760
Speaker 1: in the US on the Ecodomic Fronday eight thirty initial

601
00:32:27,840 --> 00:32:31,040
Speaker 1: jobs claims and durable goods orders, ten o'clock, Penny Home Sales,

602
00:32:31,080 --> 00:32:33,960
Speaker 1: and at eleven o'clock the Kansas City Fed. After the

603
00:32:34,000 --> 00:32:37,520
Speaker 1: belast night, Intel gave a week forecast and Tesla's profit

604
00:32:37,560 --> 00:32:41,600
Speaker 1: beat estimates, but it warned up supply change disruptions regarding earnings.

605
00:32:41,600 --> 00:32:44,080
Speaker 1: This morning, look for McDonald's and MasterCard to report in

606
00:32:44,120 --> 00:32:46,680
Speaker 1: a pre market. In deal News, centeen is said to

607
00:32:46,720 --> 00:32:49,560
Speaker 1: have drawn interests from Signa in recent months, and in

608
00:32:49,640 --> 00:32:52,360
Speaker 1: other news, Netflix climb pre market after Bill Ackman butt

609
00:32:52,400 --> 00:32:55,560
Speaker 1: more than three point one million shares, wrapping things up.

610
00:32:55,560 --> 00:32:59,120
Speaker 1: Service Now was raised to overweight over At Piper Live

611
00:32:59,160 --> 00:33:02,000
Speaker 1: from the First Third, Racing's descomb Bill Maloney, Karen, Well,

612
00:33:02,040 --> 00:33:04,360
Speaker 1: thank you to hear live breaking news over Bloomberg type

613
00:33:04,400 --> 00:33:07,080
Speaker 1: squawk on your terminal, ascue you a w K. That's

614
00:33:07,080 --> 00:33:09,760
Speaker 1: a Bloomberg business flash. Now, here's John Tucker with more

615
00:33:09,880 --> 00:33:12,840
Speaker 1: on what's going on around the world. John, and good morning. Karen.

616
00:33:12,880 --> 00:33:15,040
Speaker 1: Sent a Democrats plan to move swiftly to replace the

617
00:33:15,080 --> 00:33:19,040
Speaker 1: retiring Supreme Court Justice Stephen Bryer, the Democrats making it

618
00:33:19,160 --> 00:33:22,200
Speaker 1: clear they'll move quickly once President Biden makes his pick.

619
00:33:22,720 --> 00:33:26,240
Speaker 1: Dozens of United flights delayed after the airline reported a

620
00:33:26,320 --> 00:33:30,480
Speaker 1: company wide technology outage this morning. At South Korea's military

621
00:33:30,520 --> 00:33:33,720
Speaker 1: says North Korea is fired two suspected ballistic missiles into

622
00:33:33,760 --> 00:33:36,960
Speaker 1: the sea. It's the sixth round of weapons launches this month,

623
00:33:37,320 --> 00:33:39,960
Speaker 1: Sports Nicks and Nets Boat loose on the youngs of

624
00:33:40,000 --> 00:33:42,880
Speaker 1: the Campitals lose. The Bruins fall to Colorado in overtime.

625
00:33:43,160 --> 00:33:46,480
Speaker 1: At the Australian opened Women's Simon semi Finals, Ashley Barty

626
00:33:46,800 --> 00:33:51,200
Speaker 1: defeats American Madison Keys in straight sets. Global News twenty

627
00:33:51,200 --> 00:33:53,959
Speaker 1: four hours a day on air on Bloomberg Quicktake, powered

628
00:33:53,960 --> 00:33:56,920
Speaker 1: by more than twenty seven hundred journalists and analysts in

629
00:33:57,040 --> 00:34:01,120
Speaker 1: more than one twenty countries. I'm John Tucker. Is is Bloomberg.

630
00:34:01,640 --> 00:34:07,160
Speaker 1: The following commentary is from Bloomberg Opinion Chief. I'm Jonathan Bernstein,

631
00:34:07,320 --> 00:34:10,839
Speaker 1: a calumnist for Bloomberg Opinion. When a president is unpopular,

632
00:34:11,080 --> 00:34:14,560
Speaker 1: everyone starts identifying every piece of the administration as part

633
00:34:14,600 --> 00:34:16,960
Speaker 1: of the problem. In the case of Joe Biden, several

634
00:34:17,000 --> 00:34:21,160
Speaker 1: mostly content free stories have criticized Vice President Kamala Harris.

635
00:34:21,640 --> 00:34:25,040
Speaker 1: Next up, White House Chief of Staff Ron Klain. It's

636
00:34:25,080 --> 00:34:28,040
Speaker 1: not even a little convincing. Clain holds a critical job,

637
00:34:28,160 --> 00:34:31,120
Speaker 1: but the complaints about him seem trivial or contain evidence

638
00:34:31,120 --> 00:34:34,799
Speaker 1: where interpretations shifts from good times to bad. Meanwhile, there's

639
00:34:34,800 --> 00:34:38,040
Speaker 1: little evidence of backstabbing and unfortunate leaks coming out of

640
00:34:38,040 --> 00:34:41,040
Speaker 1: this White House nominations are happening at a decent pace

641
00:34:41,160 --> 00:34:45,440
Speaker 1: and generating little controversy. The first year was unusually scandal free,

642
00:34:45,760 --> 00:34:48,920
Speaker 1: nor would The withdrawal from Afghanistan is the biggest exception.

643
00:34:49,280 --> 00:34:52,640
Speaker 1: Has implementation of policies been a large problem. That's all

644
00:34:52,680 --> 00:34:55,520
Speaker 1: to Clain's credit. If the Democrats policies don't work as

645
00:34:55,520 --> 00:34:58,160
Speaker 1: advertised or turn out to be unpopular once they're in place,

646
00:34:58,360 --> 00:35:00,640
Speaker 1: I suspect Clain would step up and take the blame.

647
00:35:00,800 --> 00:35:03,200
Speaker 1: But for the most part, it's elected officials and the

648
00:35:03,239 --> 00:35:06,799
Speaker 1: party overall who would deserve it. I'm Jonathan Bernstein. For

649
00:35:06,840 --> 00:35:09,360
Speaker 1: more opinions, please go to Bloomberg dot com, Slash Opinion

650
00:35:09,600 --> 00:35:11,800
Speaker 1: or O P A nd go on the Bloomberg terminal.

651
00:35:11,960 --> 00:35:15,960
Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentaries can

652
00:35:16,000 --> 00:35:18,719
Speaker 1: be heard every weekday at this time, and terminal customers

653
00:35:18,760 --> 00:35:21,680
Speaker 1: can read more at O P I N go. It

654
00:35:21,840 --> 00:35:23,920
Speaker 1: is six fifty on Wall Street. We turned to news

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00:35:23,960 --> 00:35:26,960
Speaker 1: and science and technology now at the Bloomberg and J. I. T.

656
00:35:27,120 --> 00:35:30,040
Speaker 1: Stammer report, brought to you by New Jersey Institute of

657
00:35:30,080 --> 00:35:34,120
Speaker 1: Technology ranked a top fifty national public University by US

658
00:35:34,160 --> 00:35:37,080
Speaker 1: News and World Report, and at top ten for best

659
00:35:37,160 --> 00:35:40,560
Speaker 1: career placement among public schools by the Princeton Review. More

660
00:35:40,600 --> 00:35:43,239
Speaker 1: at n j I, T dot E DU now Here's

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00:35:43,239 --> 00:35:46,920
Speaker 1: It's making news and science, technology, engineering, and math. Republicans

662
00:35:46,920 --> 00:35:49,759
Speaker 1: faith and science is falling as Democrats rely on it

663
00:35:49,840 --> 00:35:52,560
Speaker 1: even more, with a trust gap in science and medicine

664
00:35:52,600 --> 00:35:56,719
Speaker 1: widening substantially during the pandemic. Overall, forty eight percent of

665
00:35:56,760 --> 00:35:59,680
Speaker 1: Americans say they have a great deal of confidence in

666
00:35:59,680 --> 00:36:03,000
Speaker 1: the sien sientific community, according to polling by the General

667
00:36:03,120 --> 00:36:07,000
Speaker 1: Social Survey. A new warning highlights the growing risk from

668
00:36:07,120 --> 00:36:10,640
Speaker 1: space and junk as companies planned to launch thousands of satellites.

669
00:36:10,800 --> 00:36:13,880
Speaker 1: Astronomers saved that debris from one of Elon Musk rockets

670
00:36:13,920 --> 00:36:16,480
Speaker 1: will crash into the Moon. In March, the Falcon nine

671
00:36:16,560 --> 00:36:20,680
Speaker 1: rocket was launched in and guinea worm infections dropped it

672
00:36:20,760 --> 00:36:23,360
Speaker 1: just over a dozen worldwide last year, getting closer to

673
00:36:23,360 --> 00:36:27,080
Speaker 1: fulfilling former President Jimmy Carter's dream of completely eradicating the

674
00:36:27,120 --> 00:36:30,360
Speaker 1: disease during his lifetime. The Carter Center said that declined

675
00:36:30,400 --> 00:36:32,799
Speaker 1: as the result of years of public health campaigns to

676
00:36:32,840 --> 00:36:35,840
Speaker 1: improve access to safe drinking water. In Africa when the

677
00:36:35,880 --> 00:36:39,760
Speaker 1: Carter Center began leading the global eradication effort. In six

678
00:36:40,040 --> 00:36:43,040
Speaker 1: the parasitic disease infected three and a half million people.

679
00:36:43,400 --> 00:36:45,960
Speaker 1: And that's the Bloomberg and j I t Stem Report.

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00:36:46,080 --> 00:36:48,560
Speaker 1: Nathan all right, Karen, thanks for live from the Bloomberg

681
00:36:48,560 --> 00:36:51,440
Speaker 1: Interactive Broker Studios where it's six fifty two on Wall Street.

682
00:36:51,480 --> 00:36:53,680
Speaker 1: Time now to check what's going on in BC, where

683
00:36:53,719 --> 00:36:56,239
Speaker 1: some of the tough stories include President Biden getting his

684
00:36:56,320 --> 00:36:58,440
Speaker 1: chance to make a mark on the Supreme Court, with

685
00:36:58,520 --> 00:37:02,440
Speaker 1: Justice Brier retiring the U S holding firm, on Russia's

686
00:37:02,480 --> 00:37:06,760
Speaker 1: demandsment the Ukraine standoff, and immigration back in the spotlight

687
00:37:06,800 --> 00:37:10,480
Speaker 1: with Vice President Harris on her way to Honduras. Today,

688
00:37:10,560 --> 00:37:13,480
Speaker 1: let's get more on what's happening in the nation's capital.

689
00:37:13,520 --> 00:37:17,440
Speaker 1: Bloomberg Government reporter Emily Wilkins is with us now. Emily,

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00:37:17,520 --> 00:37:20,080
Speaker 1: I think the announcement that we're expecting later today from

691
00:37:20,160 --> 00:37:23,200
Speaker 1: Justice Brier is something that's probably not coming as too

692
00:37:23,200 --> 00:37:26,520
Speaker 1: big a surprise for political watchers, but it certainly gets

693
00:37:26,880 --> 00:37:32,440
Speaker 1: Politico's excitement up. Yeah, this is something that particularly for

694
00:37:32,520 --> 00:37:35,480
Speaker 1: progressive in the Democratic Party, they've been pushing for for

695
00:37:35,520 --> 00:37:40,000
Speaker 1: a while. Their concern is that if Republicans should win

696
00:37:40,080 --> 00:37:43,840
Speaker 1: the White House, and you might see something like what

697
00:37:43,920 --> 00:37:49,120
Speaker 1: happened um near the Entrunster with UH Justice uh Ruth

698
00:37:49,320 --> 00:37:52,600
Speaker 1: Vader Ginsburg passed away and he saw her replaced with

699
00:37:52,760 --> 00:37:56,520
Speaker 1: a far more conservati individual on the court. UM. And

700
00:37:56,600 --> 00:37:58,799
Speaker 1: so what sort of happened when biding on the White

701
00:37:58,840 --> 00:38:02,200
Speaker 1: House was they looked at the oldest liberal on the court,

702
00:38:02,560 --> 00:38:05,719
Speaker 1: Justice Stephen Buyer, and began to push for his retirement

703
00:38:05,800 --> 00:38:08,839
Speaker 1: so a similar thing would not happen. And so at

704
00:38:08,840 --> 00:38:12,439
Speaker 1: this point they're getting their wish. Basically, Buyer has said

705
00:38:12,480 --> 00:38:15,719
Speaker 1: that he will be retiring UH, and he won't leave

706
00:38:15,840 --> 00:38:19,080
Speaker 1: until they've picked a new replacement for him. But this

707
00:38:19,160 --> 00:38:22,400
Speaker 1: give President Biden actually have to nominate someone to the

708
00:38:22,440 --> 00:38:25,480
Speaker 1: Supreme Court. At this point, Biden has said that he

709
00:38:25,560 --> 00:38:29,920
Speaker 1: does want to pick a black justice, a black female

710
00:38:30,000 --> 00:38:32,480
Speaker 1: justice that would be a first for the court. There

711
00:38:32,520 --> 00:38:34,959
Speaker 1: are a couple of names being looked at right now,

712
00:38:35,000 --> 00:38:38,040
Speaker 1: but the key is trying to find someone who would

713
00:38:38,200 --> 00:38:42,360
Speaker 1: have already have already been appointed by the Senate to

714
00:38:42,560 --> 00:38:46,120
Speaker 1: a court UH and done so with Republican supports. You

715
00:38:46,160 --> 00:38:48,360
Speaker 1: can go back to Republicans and say, hey, you voted

716
00:38:48,400 --> 00:38:51,360
Speaker 1: for this person just a little bit ago, you should

717
00:38:51,360 --> 00:38:53,840
Speaker 1: be able to support them again for the Supreme Court.

718
00:38:53,920 --> 00:38:57,480
Speaker 1: But of course, uh, Democrats, they don't need any Republicans

719
00:38:57,600 --> 00:39:01,120
Speaker 1: as a support their nominees. They only he's uh all

720
00:39:01,200 --> 00:39:03,520
Speaker 1: fifty of them to be on board. And so once

721
00:39:03,560 --> 00:39:06,360
Speaker 1: again that means like people like Joe Manchin and Kristen

722
00:39:06,440 --> 00:39:09,520
Speaker 1: si are really the ones to watch here and how

723
00:39:09,600 --> 00:39:14,320
Speaker 1: this goes forward. Yeah, names that aren't familiar to anybody. Yeah,

724
00:39:14,480 --> 00:39:17,120
Speaker 1: as we go forward here, Uh, let's take a look

725
00:39:17,160 --> 00:39:21,480
Speaker 1: at the latest now on what's happening with Ukraine. Understand,

726
00:39:21,520 --> 00:39:25,600
Speaker 1: the US has given its written response to the demands

727
00:39:25,640 --> 00:39:29,240
Speaker 1: that Russia had been looking for. The U s has

728
00:39:29,239 --> 00:39:32,200
Speaker 1: that it hasn't been made public, and the White House

729
00:39:32,200 --> 00:39:35,040
Speaker 1: that they are not playing to make it public. Um.

730
00:39:35,200 --> 00:39:40,560
Speaker 1: Russia's responded, um, good gave a critical response to those proposals. Um.

731
00:39:40,600 --> 00:39:42,600
Speaker 1: I mean, some of these things that Putin has put

732
00:39:42,640 --> 00:39:45,520
Speaker 1: forward out there, it's been very clear that he's not

733
00:39:45,680 --> 00:39:49,800
Speaker 1: going to get as far as provecting Ukraine from joining

734
00:39:49,880 --> 00:39:52,359
Speaker 1: NATO or fully ruling troops back to where they were

735
00:39:52,480 --> 00:39:56,080
Speaker 1: in a King eighty southern But at this point it's

736
00:39:55,640 --> 00:39:58,640
Speaker 1: the sort of the big diplomatic channels that is still

737
00:39:58,719 --> 00:40:03,239
Speaker 1: open between the two countries and what they're trying to accomplish,

738
00:40:03,320 --> 00:40:05,839
Speaker 1: trying to make sure that they are able to keep

739
00:40:05,880 --> 00:40:09,520
Speaker 1: discussions open UH and potentially head off any sort of

740
00:40:09,520 --> 00:40:14,560
Speaker 1: invasion into Ukraine and UH. I understand that Vice President

741
00:40:14,640 --> 00:40:18,160
Speaker 1: Kamala Harris was up really early this morning making her

742
00:40:18,160 --> 00:40:24,359
Speaker 1: way down to Honduras. What's the focus there? So this

743
00:40:24,440 --> 00:40:28,240
Speaker 1: is not the first time that Vice President Kamala Harris

744
00:40:28,320 --> 00:40:31,759
Speaker 1: has been to the region. She went there because she

745
00:40:31,920 --> 00:40:34,080
Speaker 1: was been as science to us, to the lead White

746
00:40:34,080 --> 00:40:37,080
Speaker 1: House person on the issue of immigration. And she's going

747
00:40:37,120 --> 00:40:41,240
Speaker 1: down today specifically for the inauguration of a new Honduran president,

748
00:40:41,840 --> 00:40:45,440
Speaker 1: and the hope is that the new president's policies, the

749
00:40:45,480 --> 00:40:50,200
Speaker 1: new government's policies might help her some of the immigration

750
00:40:50,320 --> 00:40:54,120
Speaker 1: that's heading up to the unit's southern border. UM and

751
00:40:54,239 --> 00:40:56,919
Speaker 1: Vice President Harris, she's really good criticized for a lot

752
00:40:56,960 --> 00:41:00,160
Speaker 1: of the work that she's done on immigration particular, have

753
00:41:00,280 --> 00:41:03,360
Speaker 1: served the Biden administration when there was a surge in

754
00:41:03,520 --> 00:41:07,879
Speaker 1: individuals showing up at the southern border. Immigration has long

755
00:41:07,960 --> 00:41:11,640
Speaker 1: been an issue that's really mobilized among the poor Republican days,

756
00:41:11,800 --> 00:41:15,720
Speaker 1: and so you've seen Republicans music and often talk about

757
00:41:15,760 --> 00:41:20,240
Speaker 1: it again and again and again, um and by President Harris.

758
00:41:20,239 --> 00:41:22,960
Speaker 1: So she's now sort of renewing her focus on immigration

759
00:41:23,640 --> 00:41:26,640
Speaker 1: now that the battle that she was leading Bravoni Rights

760
00:41:26,640 --> 00:41:29,480
Speaker 1: and the Senate is done. And so this trip is

761
00:41:29,520 --> 00:41:31,840
Speaker 1: kind of just a part of an overall strategy for

762
00:41:31,960 --> 00:41:35,160
Speaker 1: the Biden administration, not just to deal with immigration by

763
00:41:35,320 --> 00:41:37,880
Speaker 1: the southern border, but by actually going to the country

764
00:41:38,280 --> 00:41:42,080
Speaker 1: these immigrants are departing from and trying to see what

765
00:41:42,160 --> 00:41:45,279
Speaker 1: they can do to convince these immigrants to to just

766
00:41:45,360 --> 00:41:48,600
Speaker 1: stay in the place that they're from. Thanks for this, Emily.

767
00:41:48,640 --> 00:41:51,520
Speaker 1: Good to get the update. Bloomberg Government reporter Emily Wilkins

768
00:41:51,560 --> 00:41:54,080
Speaker 1: with us from the nation's capital. Read more about all

769
00:41:54,080 --> 00:41:57,080
Speaker 1: these stories on Bloomberg dot Com or on the Bloomberg terminal.

770
00:41:57,440 --> 00:42:01,439
Speaker 1: Listen to Bloomberg Radio in Washington at Bloomberg and one

771
00:42:01,440 --> 00:42:05,200
Speaker 1: oh five point seven fm h D two. As the

772
00:42:05,200 --> 00:42:09,480
Speaker 1: market resets following yesterday's policy decision from the Fed and

773
00:42:09,520 --> 00:42:12,680
Speaker 1: the hawk ish turn, futures at the moment are a

774
00:42:12,680 --> 00:42:15,839
Speaker 1: touch higher. B C SMP futures up five points right now.

775
00:42:15,840 --> 00:42:20,360
Speaker 1: DEL futures up ten NASTAC futures higher by forty seven points.

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00:42:20,440 --> 00:42:23,320
Speaker 1: The tenure T Treasury is now up twelve thirty seconds,

777
00:42:23,719 --> 00:42:26,239
Speaker 1: the yield one two percent. The yield on the two

778
00:42:26,320 --> 00:42:30,200
Speaker 1: year right now one point one seven per cent. Tech

779
00:42:30,280 --> 00:42:34,600
Speaker 1: earnings remain in focus. This week's Join us on Bloomberg

780
00:42:34,640 --> 00:42:38,160
Speaker 1: Daybreak tomorrow will break down Apple's results when they come

781
00:42:38,200 --> 00:42:40,800
Speaker 1: in after the closing bell Today. Gene Munster, co founder

782
00:42:40,800 --> 00:42:43,280
Speaker 1: of Luke Ventures, will be with us for now. Bloomberg

783
00:42:43,320 --> 00:42:46,400
Speaker 1: Surveillance is up next for Karen Moscow. I'm Nathan Hagar.

784
00:42:46,600 --> 00:42:48,239
Speaker 1: This is Bloomberg.