WEBVTT - Bloomberg Daybreak: April 5, 2022 - Hour 1 (Radio) 0:00:02.240 --> 0:00:05.600 My from the Bloomberg Interactive Burger Studios. This is Bloomberg 0:00:05.680 --> 0:00:09.240 day Break for Tuesday, April two. Coming up this hour, 0:00:09.480 --> 0:00:13.319 President Biden says Vladimir Putin could face a war crimes trial. 0:00:13.720 --> 0:00:17.479 Ukrainian President Zelenski addresses the U N Security Council. The 0:00:17.560 --> 0:00:20.480 Treasury makes it harder for Russia to make debt payments, 0:00:20.840 --> 0:00:23.079 and the U S and e U I more sanctions 0:00:23.120 --> 0:00:26.440 on Moscow, New York. Mayor Adams tales Floridians come here 0:00:26.480 --> 0:00:29.120 where you can say games. This is the city's plus. 0:00:29.160 --> 0:00:32.200 The Senate will vote on confirming Supreme Court nominee Jackson. 0:00:32.400 --> 0:00:35.600 I'm Michael Barr. More ahead, I'm John Stashtoward sports, A 0:00:35.680 --> 0:00:38.280 big second have come back for Kansas to beat North 0:00:38.280 --> 0:00:45.000 Carolina at a thrilling national championship game. That's all straight 0:00:45.000 --> 0:00:49.240 Ahead on Bloomberg day Break on Bloomberg Element Trio, New York, 0:00:49.360 --> 0:00:54.120 Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 0:00:54.280 --> 0:00:58.520 Bloomberg nine sixties, San Francisco, Sirius x M one nine 0:00:58.520 --> 0:01:01.560 Team and around the world Old on Bloomberg Radio dot 0:01:01.600 --> 0:01:08.600 Com and via The Bloomberg Business or Good Morning. I'm 0:01:08.680 --> 0:01:11.639 Nathan Hagar and I'm Karen. Moscow and US DOT Index 0:01:11.680 --> 0:01:14.400 futures are little change this morning. We're coming up to 0:01:14.440 --> 0:01:16.000 five oh one on Wall Street, and we check the 0:01:16.000 --> 0:01:19.559 markets every fifteen minutes throughout the trading day. On Bloomberg, again, 0:01:19.640 --> 0:01:22.560 futures are little change. The decks in Germany is up 0:01:22.560 --> 0:01:25.640 to tenths of a percent, pen Your treasury down thirteen 0:01:25.640 --> 0:01:28.679 thirty seconds, yield two point four or four percent, and 0:01:28.760 --> 0:01:31.959 the yield on the two year two point four five percent. 0:01:32.400 --> 0:01:34.959 NIMEX screwed oil is up one point six percent, up 0:01:34.959 --> 0:01:37.240 a dollar sixty at a hundred four dollars eighty eight 0:01:37.280 --> 0:01:40.360 cents of barrel. Comex Schoold is little changed at nineteen 0:01:40.400 --> 0:01:43.600 thirty five fifty ounce. The euro is at one point 0:01:43.600 --> 0:01:45.960 oh nine six nine against the dollar, the end at 0:01:45.959 --> 0:01:49.440 one two point eight two, and Bitcoin at forty six thousand, 0:01:49.480 --> 0:01:52.760 six hundred fifty dollars. Nathan, Karen, let's begin with the war. 0:01:52.920 --> 0:01:55.520 Lots of developments to get to this morning. Russia is 0:01:55.560 --> 0:01:59.200 shifting troops and tactics in Ukraine and the move could 0:01:59.240 --> 0:02:02.560 point to a change engine Moscow's end goal, Bloomberg said. 0:02:02.560 --> 0:02:06.880 Baxter has the story National security adviser Jake Sullivan saying, 0:02:06.880 --> 0:02:10.640 I pull away from Kiev. Russia's repositioning its forces to 0:02:10.760 --> 0:02:15.720 concentrate its offensive operations in eastern and parts of southern Ukraine. 0:02:16.520 --> 0:02:18.520 And that's the area around Don Boss on the east, 0:02:18.520 --> 0:02:21.239 which is a scene of brutal fighting by Russian separatists 0:02:21.480 --> 0:02:24.519 and setting up a narrative for Putin to claim victory. 0:02:24.639 --> 0:02:27.560 This with President Joe Biden calling for Vladimir Putin to 0:02:27.600 --> 0:02:31.480 be brought to trial. This guy is brutal and what's 0:02:31.520 --> 0:02:35.560 happening is outrageous. And the Pentagon says it plans on 0:02:35.639 --> 0:02:39.600 sending ten of the latest Switchblade drones in San Francisco. 0:02:39.639 --> 0:02:42.360 I'm at Baxter Bloomberg daybreak. Al Right, thank you all. 0:02:42.480 --> 0:02:45.000 Videos of streets in the town of Buches strewn with 0:02:45.080 --> 0:02:49.240 corpses have sparked global outrage. They've also sparked vehement denials 0:02:49.240 --> 0:02:52.359 from Russia that it was responsible for the deaths. Daniel 0:02:52.400 --> 0:02:55.800 Froude as former Ambassador to Poland and former Assistant Secretary 0:02:55.800 --> 0:02:59.480 of State for Europe. What we know is that the 0:03:00.040 --> 0:03:05.840 parent massacre of civilians at Buca fits the pattern of 0:03:05.960 --> 0:03:09.080 Russia's conduct of this war from the beginning, and former 0:03:09.080 --> 0:03:12.240 Ambassador to Poland Daniel Fried spoke on Bloomberg's sound on 0:03:12.360 --> 0:03:15.480 Catch the program weekdays at five pm Eastern on Bloomberg Radio. 0:03:15.760 --> 0:03:19.560 Ukraine's President Vladimir Zelenski will address the United Nations Security 0:03:19.639 --> 0:03:22.359 Council today, Karen. That speech is scheduled to begin at 0:03:22.360 --> 0:03:25.040 ten am New York time. There is also word that 0:03:25.160 --> 0:03:28.600 EU officials will travel to Ukraine to meet with Zelenski. 0:03:28.960 --> 0:03:32.800 European Commissioned President Ursula vonder Lyne and High Representative Joseph 0:03:32.800 --> 0:03:37.280 Barrell are planning a trip to Kiev later this week. Meantime, Nathan, 0:03:37.320 --> 0:03:39.960 the U S is stepping up actions targeting Moscow. The 0:03:40.000 --> 0:03:43.200 Treasury is now stopping Russia from its paying debt through 0:03:43.320 --> 0:03:46.080 US accounts, and we get the story live with Bloomberg's 0:03:46.120 --> 0:03:49.720 John Tucker John Karen. Dollar debt payments from Russian government 0:03:49.760 --> 0:03:53.640 accounts at US banks are now halted. This forces Russia 0:03:53.680 --> 0:03:57.680 to choose among three pretty unappealing options, training dollar reserves 0:03:57.720 --> 0:04:01.000 held in its own country, spending new revenue, or going 0:04:01.040 --> 0:04:04.240 into default. Blabbry. Putin's government has so far as stayed 0:04:04.320 --> 0:04:07.400 current on its foreign debt obligations. Now the latest US 0:04:07.480 --> 0:04:10.160 move will intensify scrutiny on payments that are due May 0:04:10.240 --> 0:04:13.920 twenty seven for interest ode on sovereign dollar and euronoes. 0:04:14.400 --> 0:04:18.000 Russia's central Bank says its foreign currency and gold reserves 0:04:18.200 --> 0:04:21.760 have plunged to the lowest level since last August Live 0:04:21.800 --> 0:04:24.520 in New York on John Tucker Bloomberg Daybreak. All Right, John, 0:04:24.560 --> 0:04:27.320 thanks in. Europe is also taking action against Russia, with 0:04:27.400 --> 0:04:29.800 new sanctions on the way. And that's according to European 0:04:29.839 --> 0:04:34.640 Commission Vice President Valdis Dombrowski's European Commission is already preparing 0:04:34.680 --> 0:04:38.119 the next sanctions package and hope of the member states 0:04:38.120 --> 0:04:43.279 will be able to uh decide on ambitious next steps 0:04:43.279 --> 0:04:46.640 of regarding the sanctions. So we must step up pressure 0:04:46.640 --> 0:04:49.960 against Russia and we must step up out support for Ukrain. 0:04:50.279 --> 0:04:54.360 European Commission Vice President Valdis Dombrowski says discussions on sanctions 0:04:54.360 --> 0:04:57.200 will also include the energy sector. We'll turn in the 0:04:57.240 --> 0:05:00.159 markets now. Nathan Oil continues to rise on where the 0:05:00.240 --> 0:05:03.400 US and Europe may impose energy sanctions on Russia. This 0:05:03.480 --> 0:05:06.880 follows a four percent gain for crude yesterday. Checking prices 0:05:06.920 --> 0:05:09.359 this morning, nine mix Screwed oil up one point seven 0:05:09.400 --> 0:05:12.000 percent at a hundred five dollars of barrel. Brent is 0:05:12.080 --> 0:05:13.840 up one and a half percent at a hundred and 0:05:13.920 --> 0:05:16.960 nine dollars fifteen cents of barrel, and sticking with commodities, 0:05:17.000 --> 0:05:20.320 Karen JP Morgan Chase is reviewing its business with some 0:05:20.400 --> 0:05:23.800 clients after last month's nickel short squeeze. The bank is 0:05:23.800 --> 0:05:26.440 one of the largest players in global commodity markets and 0:05:26.480 --> 0:05:29.599 the biggest in medals by far. Twitter front and center 0:05:29.640 --> 0:05:32.400 again this morning. Nathan, after taking a stake in the company, 0:05:32.400 --> 0:05:34.919 Elon Musk may be looking for changes at the social 0:05:34.960 --> 0:05:38.240 media company. We get the latest life from Bloomberg's Randita Young. 0:05:38.279 --> 0:05:41.280 Good Morning, Rendia, Good morning Karen. Elon Musk is asking 0:05:41.440 --> 0:05:44.360 users in a Twitter poll if they want an edit button. 0:05:44.680 --> 0:05:47.479 There's just under sixteen hours left on the poll, and 0:05:47.520 --> 0:05:50.920 out of two point four million votes, seventy four percent 0:05:51.000 --> 0:05:54.200 appear to support the edit button. Twitter's new CEO is 0:05:54.320 --> 0:05:57.359 urging people to vote carefully, saying the consequences of the 0:05:57.400 --> 0:06:00.960 poll will be important. Twitter's official account posted a message 0:06:00.960 --> 0:06:03.719 on April one saying they're working on an edit button. 0:06:04.080 --> 0:06:06.280 No word on whether it was an April Fool's joke. 0:06:06.560 --> 0:06:09.640 But it collected more than one point three million likes 0:06:10.120 --> 0:06:12.560 live in New York. I'm gonned a young Bloomberg day break. 0:06:12.680 --> 0:06:15.040 All right, we need to thanks Kathy. What is weighing 0:06:15.040 --> 0:06:17.840 in on Elon Musk's new Twitter stake. The Arc Investment 0:06:17.920 --> 0:06:20.560 CEO says Musk's investment may open the door to a 0:06:20.640 --> 0:06:23.680 management shake up at the company. I do think for 0:06:23.720 --> 0:06:27.040 the moment it's passive, but he's certainly making a statement, 0:06:27.279 --> 0:06:30.680 and it's a statement about censorship. He he doesn't agree 0:06:30.720 --> 0:06:35.520 with censorship. Uh for as smooth functioning democracy as he 0:06:35.600 --> 0:06:39.080 has tweeted, I believe uh. And so I think he's 0:06:39.080 --> 0:06:43.920 sending a strong signal to the new ceo our investments. 0:06:44.000 --> 0:06:46.599 Kathy Would made the comments in an interview on Bloomberg 0:06:46.600 --> 0:06:49.080 Business Week. You could catch that program weekdays at two 0:06:49.080 --> 0:06:51.520 pm Eastern on Bloomberg Radio and hear more of that 0:06:51.560 --> 0:06:54.360 interview with Kathy Would coming up later in this program 0:06:54.400 --> 0:06:57.520 and another programming note today, Nathan, please join us this 0:06:57.560 --> 0:07:00.599 morning for an exclusive interview with Esther Joey Orge, the 0:07:00.680 --> 0:07:03.760 Kansas City Fed President, talk central bank policy and interest 0:07:03.839 --> 0:07:06.679 rates at Bloomberg Radio and Television. Coming up at ten am. 0:07:06.720 --> 0:07:10.400 Wall Street time again. Futures this morning are little change 0:07:10.400 --> 0:07:13.160 and the ten year treasuries down twelve thirty seconds two 0:07:13.160 --> 0:07:15.760 point four or four percent. Straight to head your latest 0:07:15.800 --> 0:07:18.800 local headlines plus the check of sports, and this is 0:07:18.800 --> 0:07:25.440 Bloomberg freak. Karen, thank you. It's five oh seven on 0:07:25.480 --> 0:07:28.080 Wall Street where forty five degrees in Central Park and 0:07:28.080 --> 0:07:30.520 dealing with a couple problems on the New Jersey Turnpike 0:07:30.640 --> 0:07:33.560 southbound by exit Tennis where they are Actually we'll get 0:07:33.600 --> 0:07:36.400 the details coming up in traffic. First Michael Barr with 0:07:36.440 --> 0:07:38.280 more on what's going on in New York and around 0:07:38.280 --> 0:07:40.600 the world. Good morning, Michael, Good morning Nathan. New York 0:07:40.680 --> 0:07:46.360 is launching a digital billboard campaign to lure Floridians unhappy 0:07:46.440 --> 0:07:49.240 with their states Don't Say Gay law to the city. 0:07:49.560 --> 0:07:54.160 Mayor Eric Adams announced the billboards supporting LGBTQ visibility will 0:07:54.160 --> 0:07:58.040 be displayed in five major markets in Florida for eight weeks. 0:07:58.080 --> 0:08:04.040 This political a showmanship of attempting to demonize that particular 0:08:04.240 --> 0:08:08.280 group or community is unacceptable, and we are going to 0:08:08.480 --> 0:08:11.920 loudly show our support. Is say to those who are 0:08:11.960 --> 0:08:14.000 living in Florida, list if we want you here in 0:08:14.000 --> 0:08:17.120 New York Mayor Adams went on to say New York 0:08:17.240 --> 0:08:20.040 is the city of Stonewall. The announcement came one week 0:08:20.080 --> 0:08:22.760 after Florida govern Around Descenter signed a build into law 0:08:22.880 --> 0:08:27.960 that forbids instruction on sexual orientation and gender identity in 0:08:28.120 --> 0:08:31.160 kindergarten through third grade. A sixty one year old New 0:08:31.240 --> 0:08:33.360 York City woman was shot and killed by a stray 0:08:33.440 --> 0:08:35.760 bullet in front of a grocery store in the Bronx 0:08:35.880 --> 0:08:40.240 last night. Police say the innocent bystander was walking when 0:08:40.280 --> 0:08:42.960 she was struck in the back by the stray bullet. 0:08:43.360 --> 0:08:48.120 NYPD Commissioner Teaching Seoul another act of senseless violence on 0:08:48.160 --> 0:08:53.120 the streets of this city, Mindless shootings with no thought 0:08:53.920 --> 0:08:57.600 or fear of the consequences. Commissioner Sewell says they will 0:08:57.600 --> 0:09:00.319 spare no resources to bring those responses both of the 0:09:00.400 --> 0:09:04.520 violence to justice. Republican Senators Lisa Murkowski and Mitt Romney 0:09:04.520 --> 0:09:07.360 said they would vote to confirm Judge Katangi Brown Jackson 0:09:07.640 --> 0:09:10.280 to a seat on the U. S. Supreme Court last week. 0:09:10.360 --> 0:09:13.640 Republican Senator Susan Collins of Maine also said she would 0:09:13.679 --> 0:09:18.160 support Jackson. Yesterday, the Senate Judiciary Committee split eleven eleven 0:09:18.480 --> 0:09:21.920 on sending Jackson's nomination to the floor that required a 0:09:22.000 --> 0:09:25.000 separate vote of the full Senate. Senate Majority Leader Chuck 0:09:25.040 --> 0:09:31.360 Schumer on the Judiciary Committee vote, Sadly, despite the judge's qualifications, 0:09:31.640 --> 0:09:36.079 not a single Republican on the committee voted to report 0:09:36.120 --> 0:09:39.520 her out of committee. Senate Minority Leader Mitch McConnell, Judge 0:09:39.559 --> 0:09:42.840 Jackson has gone beyond the judicial role to rewrite immigration 0:09:42.920 --> 0:09:46.280 policy from the bench and make it even more liberal. 0:09:46.559 --> 0:09:49.600 Senator McConnell. Global News twenty four hours a day on 0:09:49.679 --> 0:09:52.000 air and on Bloomberg Quick Tank, powered by more than 0:09:52.040 --> 0:09:55.200 twenty seven hundred journalist, analyist and more than a twenty 0:09:55.240 --> 0:09:58.560 countries on Michael bar this is Bloomberg. Nathan, alright, Michael, 0:09:58.559 --> 0:10:05.800 thanks turn up on Wall Street Times for the Blitzenberg 0:10:05.880 --> 0:10:08.480 Sports up taking morning. John Stashown, Good morning, Nathan. You 0:10:08.520 --> 0:10:11.120 couldn't ask for a better National Championship game with zeros 0:10:11.160 --> 0:10:13.200 on the cloth. The ball was in the air and 0:10:13.240 --> 0:10:15.760 you didn't know whether Kansas did one or North Carolina 0:10:15.760 --> 0:10:18.080 and sent the game to over time. The shot fell 0:10:18.120 --> 0:10:20.719 well short of The Jayhawks won seventy two sixty nine 0:10:20.760 --> 0:10:22.520 in New Orleans to win the fourth n c A 0:10:22.520 --> 0:10:24.920 A title in school history, the second for Bill self, 0:10:25.080 --> 0:10:26.800 who thought he was gonna win two years ago. His 0:10:26.880 --> 0:10:29.280 team was ranked number one when the tournament was canceled 0:10:29.520 --> 0:10:32.480 to the covert. I always thought the team was better, 0:10:33.440 --> 0:10:35.400 uh more equipped to do well in the n c 0:10:35.520 --> 0:10:39.040 Double A tournament. Uh after the ladies kids have played 0:10:39.040 --> 0:10:41.840 the last month. I think this team can play with 0:10:41.880 --> 0:10:44.800 any team. With Kansas served could on the cool Bogy 0:10:44.960 --> 0:10:47.000 was the most outstanding player, but the big shots down 0:10:47.040 --> 0:10:49.520 to stretch, the three corner by Remy Martin at snapped 0:10:49.520 --> 0:10:51.640 the tie, and the two hoops from the lane by 0:10:51.640 --> 0:10:55.480 the center David McCormack, Kansas had trailed by sixteen. By 0:10:55.520 --> 0:10:57.599 fifteen and a half time. It's the biggest comeback in 0:10:57.720 --> 0:11:01.000 championship game history. North Carolina, done in by shooting, only 0:11:01.800 --> 0:11:05.760 made only five of twenty three nat so's used to 0:11:05.840 --> 0:11:08.439 tonight and Nets headed for that play in tournament Kevin 0:11:08.520 --> 0:11:11.440 durand amtst. Their season was derailed by his knee injury, 0:11:11.480 --> 0:11:14.199 during which time they went five and seventeen. Nets made 0:11:14.240 --> 0:11:16.720 the trade of Philadelphia to get Ben Simmons got the 0:11:16.760 --> 0:11:18.880 injured back as still yet to play for them. The 0:11:18.960 --> 0:11:21.400 Nets say Simmons won't be able to go in that 0:11:21.600 --> 0:11:24.040 play in turney. Tiger Woods, on the other hand, played 0:11:24.120 --> 0:11:27.040 nine practice holes at Augusta National, playing with Justin Thomas 0:11:27.040 --> 0:11:31.000 and Fred Couples, who said Tiger's play was phenomenal. Nothing definite. 0:11:31.080 --> 0:11:33.280 Tiger has called it a game time decision, But Tweeny, 0:11:33.679 --> 0:11:37.439 the indications are the Tiger fourteen months after that car accident, 0:11:37.800 --> 0:11:39.920 going to t it up of the Masters to Thursday. 0:11:40.200 --> 0:11:43.240 John dash Allard Bloomberg's part, of course, saw the coverage 0:11:43.240 --> 0:11:46.079 of the Masters as always right here on Bloomberg Radio. 0:11:46.120 --> 0:11:48.480 Thank you for that, John. Right now, SMP futures are 0:11:48.559 --> 0:11:51.120 little changed, So are down futures down just three points. 0:11:51.160 --> 0:11:54.600 Nastack features are higher by one point. The action is 0:11:54.679 --> 0:11:57.440 in the bond market, with ten year treasuries down thirteen 0:11:57.520 --> 0:11:59.920 thirty seconds. The yield two point four or four percent. 0:12:00.400 --> 0:12:03.199 That's the yield on the two year as well. You're 0:12:03.200 --> 0:12:08.880 listening to Bloomberg Daybreak Bloomberg eleven three oh weather mostly 0:12:08.920 --> 0:12:11.560 cloudy today, chance for an isolated afternoon shower with highs 0:12:11.600 --> 0:12:13.120 in the mid fifties. Fact we're gonna stay in the 0:12:13.160 --> 0:12:17.040 mid fifties through the next three days. With rain throughout 0:12:17.240 --> 0:12:24.920 right now in Central Park markets. Headlines and breaking news 0:12:24.960 --> 0:12:27.559 twenty four hours a day at Bloomberg dot Com, The 0:12:27.600 --> 0:12:31.040 Bloomberg Business at and at Bloomberg Quick Tape. This is 0:12:31.080 --> 0:12:40.400 a Bloomberg Business lash and I'm camera in Moscow. European 0:12:40.520 --> 0:12:44.280 stocks are rising this morning. US stock index futures are 0:12:44.280 --> 0:12:47.640 a little changed. Oil gaining as investors evaluate the prospect 0:12:47.679 --> 0:12:51.080 of tougher sanctions against Russia. Bonds are retreating and then 0:12:51.240 --> 0:12:54.840 deepening concern about inflation and the policy response. We checked 0:12:54.880 --> 0:12:57.200 the markets every fifteen minutes throughout the trading day on 0:12:57.240 --> 0:13:00.400 Bloomberg Guess and Key futures. Again little change the morning, 0:13:00.400 --> 0:13:03.319 along with dowin Nasdack futures. The decks in Germany is 0:13:03.400 --> 0:13:05.959 up about two tenths of upper sent ten. Your Treasury 0:13:06.000 --> 0:13:08.640 down twelve thirty seconds, yet two point four or four percent. 0:13:08.720 --> 0:13:10.719 The yield on the two year two point four or 0:13:10.760 --> 0:13:13.480 four percent as well. Nine mex scrude oil is up 0:13:13.480 --> 0:13:15.559 one point eight percent of a dollar eighty five and 0:13:15.600 --> 0:13:18.600 a hundred five dollars fourteen cents of barrel. Comic Schools 0:13:18.679 --> 0:13:21.559 isn't ell change at nineteen thirty two eighty announced the 0:13:21.640 --> 0:13:24.000 euro one point o nine eight two against the dollar, 0:13:24.160 --> 0:13:26.319 The British found one point three one three nine, the 0:13:26.440 --> 0:13:29.400 UN at one twenty two point seven two, and Bitcoin 0:13:29.520 --> 0:13:32.640 this morning is higher, up seven tenths percent at forty 0:13:32.720 --> 0:13:36.120 six thous and six thirty dollars. That's a Bloomberg business flash. 0:13:36.200 --> 0:13:38.559 Now here's Michael Barrow with Moura. What's going on around 0:13:38.559 --> 0:13:41.760 the world, muncle, Good morning, Good morning, Karen. Ukrainian President 0:13:41.880 --> 0:13:45.840 voladimir's Lenski will address the United Nations Security Council today. 0:13:46.320 --> 0:13:48.959 The US said it might impose further sanctions this week 0:13:49.040 --> 0:13:52.720 on Moscow as the world's attention focused on Ukraine, saying 0:13:52.800 --> 0:13:57.160 that Russian troops executed civilians in Bucha and other towns. 0:13:57.600 --> 0:14:02.240 Russia denies its forces killed civilians. Three Republican senators joined 0:14:02.280 --> 0:14:06.000 Democrats to force Judge Jackson Supreme Court nomination out of 0:14:06.040 --> 0:14:08.880 the Senate Judiciary Committee after a vote there ended in 0:14:08.960 --> 0:14:11.959 a time. Kansas has won the NZ Double, a men's 0:14:12.040 --> 0:14:16.559 basketball title by engineering the greatest second half comeback in 0:14:16.679 --> 0:14:20.680 finals history. The Jayhawks turned a sixteen points second half 0:14:20.760 --> 0:14:24.000 deficit into a seventy two sixty nine victory over North 0:14:24.080 --> 0:14:27.160 Carolina in the NHL the Bruins one and overtime against 0:14:27.160 --> 0:14:30.200 the Blue Jackets three. To Global News twenty four hours 0:14:30.240 --> 0:14:33.280 a day on air and on Bloomberg Quick Take, powered 0:14:33.320 --> 0:14:36.400 by more than twenty seven under journalist and analysts in 0:14:36.480 --> 0:14:39.200 more than one twenty countries. I'm Michael Barr and this 0:14:39.880 --> 0:14:42.040 is Bloomberg. Nathan. Yeah, turn around like that is why 0:14:42.080 --> 0:14:44.680 they call it March madness. Thank you, Michael. It is 0:14:44.720 --> 0:14:47.320 five nineteen on Wall Street Live from the Bloomberg Interactive 0:14:47.320 --> 0:14:49.840 Broker Studios. This is Bloomberg Day Break. Let's turn down 0:14:49.840 --> 0:14:51.680 to the latest on the war in Ukraine. Were joined 0:14:51.720 --> 0:14:55.480 once again by Bloomberg News Executive editor for International Government, 0:14:55.560 --> 0:14:58.800 Rosalind Mathison. Ros Good morning. We've had some pretty significant 0:14:58.840 --> 0:15:01.120 developments in just the last a few minutes, including this 0:15:01.240 --> 0:15:04.200 word from the European Commission that President Ursula vonder Lyine 0:15:04.200 --> 0:15:07.720 and High Commissioner Joseph Barrell are planning to visit Kiv 0:15:07.960 --> 0:15:10.080 in the next couple of days here and of course 0:15:10.120 --> 0:15:14.120 this comes after the horrific images we've seen of apparent 0:15:14.240 --> 0:15:17.280 mass civilian deaths near Ukraine, in the city of Bucha 0:15:17.640 --> 0:15:20.120 and other places. What kind of signal does this send 0:15:20.480 --> 0:15:23.920 that the European Commission. These high ranking leaders are now 0:15:24.120 --> 0:15:28.080 going into what is essentially a war zone. Well, certainly, 0:15:28.120 --> 0:15:30.960 as you say, it would probably be the highest ranking 0:15:31.000 --> 0:15:34.520 officials to go into Ukraine since the war broke out, 0:15:34.680 --> 0:15:37.600 and certainly to sit down in person with the Ukrainian 0:15:37.680 --> 0:15:41.320 president in the capital. And it comes amid real pressure 0:15:41.360 --> 0:15:44.480 on Europe to do more, um than it's already doing 0:15:44.520 --> 0:15:47.720 to support Ukraine in the face of what appears to 0:15:47.840 --> 0:15:51.160 be on the Ukrainian side, war crimes committed by Russian 0:15:51.200 --> 0:15:53.800 troops in the north, and a lot of pressure on 0:15:53.840 --> 0:15:57.720 Europe to agree to further moves on sanctions, particularly embargoes 0:15:57.760 --> 0:16:00.800 on the energy side. So the visit is really symbolic 0:16:01.040 --> 0:16:03.160 in some ways, is designed just to show you it 0:16:03.240 --> 0:16:06.600 really does stand with Ukraine in this moment. You wouldn't 0:16:06.640 --> 0:16:09.280 imagine that she is in a position to promise him 0:16:09.360 --> 0:16:12.440 particular things on the ground, although we do know that 0:16:12.640 --> 0:16:16.160 NATO nations are considering further weapons packages to go in 0:16:16.640 --> 0:16:18.480 and there's a lot of discussion going on this week 0:16:18.680 --> 0:16:22.280 in Brussels about possible embargoes on energy. Is probably too 0:16:22.360 --> 0:16:24.440 soon for her to be able to promise him anything, 0:16:24.520 --> 0:16:27.120 but at the least a symbolic effort to show that 0:16:27.240 --> 0:16:29.800 Europe is still they're supporting Ukraine in this moment, and 0:16:29.960 --> 0:16:33.600 you have to thank rise that as President Zelinski prepares 0:16:33.720 --> 0:16:36.680 to address the U N Security Council later this morning, 0:16:36.760 --> 0:16:39.120 that there's going to be even more pressure brought to bear, 0:16:39.240 --> 0:16:42.160 not just on the European Union, but on the US 0:16:42.280 --> 0:16:44.880 to do more on the sanctions front and on the 0:16:45.160 --> 0:16:48.360 military aid front as well. Well. That's right because aside 0:16:48.440 --> 0:16:51.600 from action on sanctions, Ukraine is also called for a 0:16:51.680 --> 0:16:54.320 full ban on Russian ship stocking at ports in Europe 0:16:54.360 --> 0:16:56.880 and any goods from Russia being unloaded at all, and 0:16:57.000 --> 0:16:59.600 some in the European Unit calling even for any Russian 0:16:59.640 --> 0:17:02.560 citizen and to not be able to get an EU visa, 0:17:02.680 --> 0:17:05.719 which is unlikely of course to happen. But aside from 0:17:05.800 --> 0:17:08.760 those things, Ukraine is also still pushing for military equipment 0:17:08.840 --> 0:17:11.280 to come in beyond the missiles that have that have 0:17:11.359 --> 0:17:14.400 gone so far, particularly fighter jets UM and that's something 0:17:14.480 --> 0:17:17.560 that NATO including the US has balked out UM sending 0:17:17.640 --> 0:17:20.680 fighter jets in to Ukraine. Are also agreeing, particularly to 0:17:20.800 --> 0:17:23.920 a no fly zone over Ukraine. So you can imagine 0:17:23.960 --> 0:17:26.680 that the President will raise those points again in his 0:17:26.920 --> 0:17:31.159 U N. Security Council addressed today, particularly anchored around the 0:17:31.240 --> 0:17:33.879 events of the past few days in those northern towns 0:17:33.920 --> 0:17:36.000 and calling on Europe in the US and saying you 0:17:36.080 --> 0:17:39.240 cannot just sit there and watch these things unfold in 0:17:39.359 --> 0:17:41.720 these towns, because of course, what happened in one town 0:17:42.160 --> 0:17:44.359 is very likely to have happened in others, So we 0:17:44.440 --> 0:17:47.359 can expect more distressing reports to come out in the 0:17:47.440 --> 0:17:50.840 coming days. So you're probably getting extremely heartfelt appeal by 0:17:50.880 --> 0:17:53.879 the Ukrainian President to the U N. Security Council later today. 0:17:54.240 --> 0:17:56.679 And we heard from President Biden yesterday as well as 0:17:56.800 --> 0:18:00.960 National Security Advisor Jake Sullivan hinting at eva more sanctions 0:18:01.080 --> 0:18:05.240 against Russia, including some targeted at the energy sector, beyond 0:18:05.320 --> 0:18:09.600 a full band on oil and gas purchases from Russia. 0:18:09.800 --> 0:18:13.600 What could energy related sanctions against Russia look like at 0:18:13.640 --> 0:18:16.560 this point, Well, it's really those big three things, which 0:18:16.680 --> 0:18:20.240 is gas, oil, and coal, um and Europe's really on 0:18:20.280 --> 0:18:22.680 the hook for all three of those. The US has 0:18:22.800 --> 0:18:25.800 moved further than Europe so far on the energy front, 0:18:25.880 --> 0:18:28.920 and it's been the big economies of in Europe, particularly Germany, 0:18:29.000 --> 0:18:32.080 which is so reliant on Russian gas, saying, if we 0:18:32.200 --> 0:18:33.840 do this all of a sudden, it's going to be 0:18:33.920 --> 0:18:36.359 too much of a shock for our economy and therefore 0:18:36.440 --> 0:18:39.880 an economic shock for Europe as well. So those three things, 0:18:40.000 --> 0:18:42.080 can we get movement at least on one of them? 0:18:42.119 --> 0:18:45.520 Potentially coal for example, would they be willing to discuss that, 0:18:45.880 --> 0:18:48.680 maybe coal and oil and you leave gas for later, 0:18:49.200 --> 0:18:50.920 but something you would expect that they have to sort 0:18:50.920 --> 0:18:53.040 of signal that they're going to move faster to wean 0:18:53.160 --> 0:18:57.240 themselves off Russian gas than they've said, which is really 0:18:57.280 --> 0:19:00.480 the end of the year. So possibly actually non cole 0:19:00.560 --> 0:19:03.520 in particular, we should look for that, but gas is 0:19:03.560 --> 0:19:05.520 really the big one, and that's the hardest one. Of course, 0:19:06.040 --> 0:19:08.359 very quickly rise only about thirty seconds left here. But 0:19:08.440 --> 0:19:11.359 have we seen any further movement in the latest negotiations 0:19:11.440 --> 0:19:15.000 by video between Russia and Ukraine. Well, we only know 0:19:15.200 --> 0:19:18.040 that Russia says that talks ongoing. There's been no clarity 0:19:18.080 --> 0:19:20.879 about video talks yesterday, if they were even held, and 0:19:20.920 --> 0:19:24.440 if anything was resolved, certainly talks will probably continue towards 0:19:24.480 --> 0:19:26.840 the cease fire. But you imagine what we're seeing in 0:19:26.880 --> 0:19:29.280 the north of Ukraine. Makes it even more complicated to 0:19:29.320 --> 0:19:32.160 get to a broader peace deal because the Ukrainian president 0:19:32.240 --> 0:19:33.879 isn't a position where he cannot be seen to be 0:19:34.000 --> 0:19:38.160 giving any territory away, So complicating that that broader conversation 0:19:38.240 --> 0:19:41.440 put down the track. Yeah, certainly feels that way, as always, Rose, 0:19:41.560 --> 0:19:44.040 Thank you for keeping us up to speed. Rosalind Matheson, 0:19:44.080 --> 0:19:48.280 our executive editor for International Government at Bloomberg News. Right now, 0:19:48.480 --> 0:19:52.040 SMP futures are down two points, Staff futures down sixteen, 0:19:52.160 --> 0:19:54.560 Nasdaq futures down seven, so a little change as far 0:19:54.640 --> 0:19:57.760 as equity futures go. The tenure treasury though, down fourteen 0:19:57.880 --> 0:20:00.840 thirty seconds. The yield two point four four percent. Yield 0:20:00.880 --> 0:20:02.679 on the two you're now just a touch higher than 0:20:02.720 --> 0:20:08.200 the ten year at two point four five Bloomberg eleven 0:20:08.240 --> 0:20:10.960 three oh Weather mostly cloudy today, an isolated afternoon shower 0:20:11.040 --> 0:20:13.560 possible with highstear fifty five degrees. The rain will end 0:20:13.600 --> 0:20:17.160 by tomorrow afternoon with high stear fifty five. Rain returns Thursday. 0:20:17.680 --> 0:20:24.320 Right now forty five in Central Park. Broadcasting live from 0:20:24.400 --> 0:20:28.159 the Bloomberg Interactive Broker Studio in New York. Bloomberg e 0:20:28.240 --> 0:20:32.200 Living Freedom to Washington, d C, Bloomberg one to Boston, 0:20:32.320 --> 0:20:35.720 Bloomberg one O six one to San Francisco, Bloomberg nine 0:20:35.800 --> 0:20:38.840 sixteen to the country Sirius XM total one nine ten 0:20:39.000 --> 0:20:42.160 and around the globe the Bloomberg Business app and Bloomberg 0:20:42.240 --> 0:20:51.720 Radio dot Com. This is Bloomberg Daybreak. It's five thirty 0:20:51.760 --> 0:20:54.280 on Wall Street. Good morning. I'm Nathan Hager and I'm 0:20:54.359 --> 0:20:56.960 Karin Moscow. We're just about four hours away from the 0:20:57.040 --> 0:20:58.919 open of US trading. Let's get you have to day 0:20:58.960 --> 0:21:00.680 on the news. You need to know went this hour. 0:21:00.920 --> 0:21:04.879 Ukrainian President Vladimir Zlenski will address the UN Security Council 0:21:04.960 --> 0:21:07.760 this morning. As remarks come as the world reacts to 0:21:07.880 --> 0:21:10.960 graphic images of civilian deaths in the city of Bootsha. 0:21:11.480 --> 0:21:15.240 Russia denies responsibility for the deaths. Meantime, President Biden is 0:21:15.280 --> 0:21:18.399 calling on President Vladimir Putin a war criminal. We have 0:21:18.520 --> 0:21:21.720 to gather of inpromation. We have to continue to provide 0:21:21.920 --> 0:21:25.120 Ukraine with the weapons they need to continue to fight, 0:21:25.760 --> 0:21:28.600 and we have together all the detail so just to 0:21:28.720 --> 0:21:32.000 be a actually have a war crime trial. President Biden 0:21:32.119 --> 0:21:35.520 is also promising more sanctions and National Security Advisor Jake 0:21:35.560 --> 0:21:38.560 Sullivan says they'll be announced this week and will include 0:21:38.560 --> 0:21:41.359 economic pressure on Russia. The U. S. Treasury is also 0:21:41.440 --> 0:21:44.280 ramping up pressure on Moscow. Karen Now, it's stomping Russia 0:21:44.359 --> 0:21:46.720 from paying debt through its US accounts. It's got that 0:21:46.800 --> 0:21:49.879 storyline from Bloomberg's John Tucker, John Nathan. The move will 0:21:49.920 --> 0:21:53.320 force Russia to drain its dollar reserves, spend new revenue, 0:21:53.480 --> 0:21:56.560 or go into default. It further ratchetes up pressure on 0:21:56.640 --> 0:22:00.240