Speaker 1: My from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for Tuesday, April two. Coming up this hour,
Speaker 1: President Biden says Vladimir Putin could face a war crimes trial.
Speaker 1: Ukrainian President Zelenski addresses the U N Security Council. The
Speaker 1: Treasury makes it harder for Russia to make debt payments,
Speaker 1: and the U S and e U I more sanctions
Speaker 1: on Moscow, New York. Mayor Adams tales Floridians come here
Speaker 1: where you can say games. This is the city's plus.
Speaker 1: The Senate will vote on confirming Supreme Court nominee Jackson.
Speaker 1: I'm Michael Barr. More ahead, I'm John Stashtoward sports, A
Speaker 1: big second have come back for Kansas to beat North
Speaker 1: Carolina at a thrilling national championship game. That's all straight
Speaker 1: Ahead on Bloomberg day Break on Bloomberg Element Trio, New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nine
Speaker 1: Team and around the world Old on Bloomberg Radio dot
Speaker 1: Com and via The Bloomberg Business or Good Morning. I'm
Speaker 1: Nathan Hagar and I'm Karen. Moscow and US DOT Index
Speaker 1: futures are little change this morning. We're coming up to
Speaker 1: five oh one on Wall Street, and we check the
Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg, again,
Speaker 1: futures are little change. The decks in Germany is up
Speaker 1: to tenths of a percent, pen Your treasury down thirteen
Speaker 1: thirty seconds, yield two point four or four percent, and
Speaker 1: the yield on the two year two point four five percent.
Speaker 1: NIMEX screwed oil is up one point six percent, up
Speaker 1: a dollar sixty at a hundred four dollars eighty eight
Speaker 1: cents of barrel. Comex Schoold is little changed at nineteen
Speaker 1: thirty five fifty ounce. The euro is at one point
Speaker 1: oh nine six nine against the dollar, the end at
Speaker 1: one two point eight two, and Bitcoin at forty six thousand,
Speaker 1: six hundred fifty dollars. Nathan, Karen, let's begin with the war.
Speaker 1: Lots of developments to get to this morning. Russia is
Speaker 1: shifting troops and tactics in Ukraine and the move could
Speaker 1: point to a change engine Moscow's end goal, Bloomberg said.
Speaker 1: Baxter has the story National security adviser Jake Sullivan saying,
Speaker 1: I pull away from Kiev. Russia's repositioning its forces to
Speaker 1: concentrate its offensive operations in eastern and parts of southern Ukraine.
Speaker 1: And that's the area around Don Boss on the east,
Speaker 1: which is a scene of brutal fighting by Russian separatists
Speaker 1: and setting up a narrative for Putin to claim victory.
Speaker 1: This with President Joe Biden calling for Vladimir Putin to
Speaker 1: be brought to trial. This guy is brutal and what's
Speaker 1: happening is outrageous. And the Pentagon says it plans on
Speaker 1: sending ten of the latest Switchblade drones in San Francisco.
Speaker 1: I'm at Baxter Bloomberg daybreak. Al Right, thank you all.
Speaker 1: Videos of streets in the town of Buches strewn with
Speaker 1: corpses have sparked global outrage. They've also sparked vehement denials
Speaker 1: from Russia that it was responsible for the deaths. Daniel
Speaker 1: Froude as former Ambassador to Poland and former Assistant Secretary
Speaker 1: of State for Europe. What we know is that the
Speaker 1: parent massacre of civilians at Buca fits the pattern of
Speaker 1: Russia's conduct of this war from the beginning, and former
Speaker 1: Ambassador to Poland Daniel Fried spoke on Bloomberg's sound on
Speaker 1: Catch the program weekdays at five pm Eastern on Bloomberg Radio.
Speaker 1: Ukraine's President Vladimir Zelenski will address the United Nations Security
Speaker 1: Council today, Karen. That speech is scheduled to begin at
Speaker 1: ten am New York time. There is also word that
Speaker 1: EU officials will travel to Ukraine to meet with Zelenski.
Speaker 1: European Commissioned President Ursula vonder Lyne and High Representative Joseph
Speaker 1: Barrell are planning a trip to Kiev later this week. Meantime, Nathan,
Speaker 1: the U S is stepping up actions targeting Moscow. The
Speaker 1: Treasury is now stopping Russia from its paying debt through
Speaker 1: US accounts, and we get the story live with Bloomberg's
Speaker 1: John Tucker John Karen. Dollar debt payments from Russian government
Speaker 1: accounts at US banks are now halted. This forces Russia
Speaker 1: to choose among three pretty unappealing options, training dollar reserves
Speaker 1: held in its own country, spending new revenue, or going
Speaker 1: into default. Blabbry. Putin's government has so far as stayed
Speaker 1: current on its foreign debt obligations. Now the latest US
Speaker 1: move will intensify scrutiny on payments that are due May
Speaker 1: twenty seven for interest ode on sovereign dollar and euronoes.
Speaker 1: Russia's central Bank says its foreign currency and gold reserves
Speaker 1: have plunged to the lowest level since last August Live
Speaker 1: in New York on John Tucker Bloomberg Daybreak. All Right, John,
Speaker 1: thanks in. Europe is also taking action against Russia, with
Speaker 1: new sanctions on the way. And that's according to European
Speaker 1: Commission Vice President Valdis Dombrowski's European Commission is already preparing
Speaker 1: the next sanctions package and hope of the member states
Speaker 1: will be able to uh decide on ambitious next steps
Speaker 1: of regarding the sanctions. So we must step up pressure
Speaker 1: against Russia and we must step up out support for Ukrain.
Speaker 1: European Commission Vice President Valdis Dombrowski says discussions on sanctions
Speaker 1: will also include the energy sector. We'll turn in the
Speaker 1: markets now. Nathan Oil continues to rise on where the
Speaker 1: US and Europe may impose energy sanctions on Russia. This
Speaker 1: follows a four percent gain for crude yesterday. Checking prices
Speaker 1: this morning, nine mix Screwed oil up one point seven
Speaker 1: percent at a hundred five dollars of barrel. Brent is
Speaker 1: up one and a half percent at a hundred and
Speaker 1: nine dollars fifteen cents of barrel, and sticking with commodities,
Speaker 1: Karen JP Morgan Chase is reviewing its business with some
Speaker 1: clients after last month's nickel short squeeze. The bank is
Speaker 1: one of the largest players in global commodity markets and
Speaker 1: the biggest in medals by far. Twitter front and center
Speaker 1: again this morning. Nathan, after taking a stake in the company,
Speaker 1: Elon Musk may be looking for changes at the social
Speaker 1: media company. We get the latest life from Bloomberg's Randita Young.
Speaker 1: Good Morning, Rendia, Good morning Karen. Elon Musk is asking
Speaker 1: users in a Twitter poll if they want an edit button.
Speaker 1: There's just under sixteen hours left on the poll, and
Speaker 1: out of two point four million votes, seventy four percent
Speaker 1: appear to support the edit button. Twitter's new CEO is
Speaker 1: urging people to vote carefully, saying the consequences of the
Speaker 1: poll will be important. Twitter's official account posted a message
Speaker 1: on April one saying they're working on an edit button.
Speaker 1: No word on whether it was an April Fool's joke.
Speaker 1: But it collected more than one point three million likes
Speaker 1: live in New York. I'm gonned a young Bloomberg day break.
Speaker 1: All right, we need to thanks Kathy. What is weighing
Speaker 1: in on Elon Musk's new Twitter stake. The Arc Investment
Speaker 1: CEO says Musk's investment may open the door to a
Speaker 1: management shake up at the company. I do think for
Speaker 1: the moment it's passive, but he's certainly making a statement,
Speaker 1: and it's a statement about censorship. He he doesn't agree
Speaker 1: with censorship. Uh for as smooth functioning democracy as he
Speaker 1: has tweeted, I believe uh. And so I think he's
Speaker 1: sending a strong signal to the new ceo our investments.
Speaker 1: Kathy Would made the comments in an interview on Bloomberg
Speaker 1: Business Week. You could catch that program weekdays at two
Speaker 1: pm Eastern on Bloomberg Radio and hear more of that
Speaker 1: interview with Kathy Would coming up later in this program
Speaker 1: and another programming note today, Nathan, please join us this
Speaker 1: morning for an exclusive interview with Esther Joey Orge, the
Speaker 1: Kansas City Fed President, talk central bank policy and interest
Speaker 1: rates at Bloomberg Radio and Television. Coming up at ten am.
Speaker 1: Wall Street time again. Futures this morning are little change
Speaker 1: and the ten year treasuries down twelve thirty seconds two
Speaker 1: point four or four percent. Straight to head your latest
Speaker 1: local headlines plus the check of sports, and this is
Speaker 1: Bloomberg freak. Karen, thank you. It's five oh seven on
Speaker 1: Wall Street where forty five degrees in Central Park and
Speaker 1: dealing with a couple problems on the New Jersey Turnpike
Speaker 1: southbound by exit Tennis where they are Actually we'll get
Speaker 1: the details coming up in traffic. First Michael Barr with
Speaker 1: more on what's going on in New York and around
Speaker 1: the world. Good morning, Michael, Good morning Nathan. New York
Speaker 1: is launching a digital billboard campaign to lure Floridians unhappy
Speaker 1: with their states Don't Say Gay law to the city.
Speaker 1: Mayor Eric Adams announced the billboards supporting LGBTQ visibility will
Speaker 1: be displayed in five major markets in Florida for eight weeks.
Speaker 1: This political a showmanship of attempting to demonize that particular
Speaker 1: group or community is unacceptable, and we are going to
Speaker 1: loudly show our support. Is say to those who are
Speaker 1: living in Florida, list if we want you here in
Speaker 1: New York Mayor Adams went on to say New York
Speaker 1: is the city of Stonewall. The announcement came one week
Speaker 1: after Florida govern Around Descenter signed a build into law
Speaker 1: that forbids instruction on sexual orientation and gender identity in
Speaker 1: kindergarten through third grade. A sixty one year old New
Speaker 1: York City woman was shot and killed by a stray
Speaker 1: bullet in front of a grocery store in the Bronx
Speaker 1: last night. Police say the innocent bystander was walking when
Speaker 1: she was struck in the back by the stray bullet.
Speaker 1: NYPD Commissioner Teaching Seoul another act of senseless violence on
Speaker 1: the streets of this city, Mindless shootings with no thought
Speaker 1: or fear of the consequences. Commissioner Sewell says they will
Speaker 1: spare no resources to bring those responses both of the
Speaker 1: violence to justice. Republican Senators Lisa Murkowski and Mitt Romney
Speaker 1: said they would vote to confirm Judge Katangi Brown Jackson
Speaker 1: to a seat on the U. S. Supreme Court last week.
Speaker 1: Republican Senator Susan Collins of Maine also said she would
Speaker 1: support Jackson. Yesterday, the Senate Judiciary Committee split eleven eleven
Speaker 1: on sending Jackson's nomination to the floor that required a
Speaker 1: separate vote of the full Senate. Senate Majority Leader Chuck
Speaker 1: Schumer on the Judiciary Committee vote, Sadly, despite the judge's qualifications,
Speaker 1: not a single Republican on the committee voted to report
Speaker 1: her out of committee. Senate Minority Leader Mitch McConnell, Judge
Speaker 1: Jackson has gone beyond the judicial role to rewrite immigration
Speaker 1: policy from the bench and make it even more liberal.
Speaker 1: Senator McConnell. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quick Tank, powered by more than
Speaker 1: twenty seven hundred journalist, analyist and more than a twenty
Speaker 1: countries on Michael bar this is Bloomberg. Nathan, alright, Michael,
Speaker 1: thanks turn up on Wall Street Times for the Blitzenberg
Speaker 1: Sports up taking morning. John Stashown, Good morning, Nathan. You
Speaker 1: couldn't ask for a better National Championship game with zeros
Speaker 1: on the cloth. The ball was in the air and
Speaker 1: you didn't know whether Kansas did one or North Carolina
Speaker 1: and sent the game to over time. The shot fell
Speaker 1: well short of The Jayhawks won seventy two sixty nine
Speaker 1: in New Orleans to win the fourth n c A
Speaker 1: A title in school history, the second for Bill self,
Speaker 1: who thought he was gonna win two years ago. His
Speaker 1: team was ranked number one when the tournament was canceled
Speaker 1: to the covert. I always thought the team was better,
Speaker 1: uh more equipped to do well in the n c
Speaker 1: Double A tournament. Uh after the ladies kids have played
Speaker 1: the last month. I think this team can play with
Speaker 1: any team. With Kansas served could on the cool Bogy
Speaker 1: was the most outstanding player, but the big shots down
Speaker 1: to stretch, the three corner by Remy Martin at snapped
Speaker 1: the tie, and the two hoops from the lane by
Speaker 1: the center David McCormack, Kansas had trailed by sixteen. By
Speaker 1: fifteen and a half time. It's the biggest comeback in
Speaker 1: championship game history. North Carolina, done in by shooting, only
Speaker 1: made only five of twenty three nat so's used to
Speaker 1: tonight and Nets headed for that play in tournament Kevin
Speaker 1: durand amtst. Their season was derailed by his knee injury,
Speaker 1: during which time they went five and seventeen. Nets made
Speaker 1: the trade of Philadelphia to get Ben Simmons got the
Speaker 1: injured back as still yet to play for them. The
Speaker 1: Nets say Simmons won't be able to go in that
Speaker 1: play in turney. Tiger Woods, on the other hand, played
Speaker 1: nine practice holes at Augusta National, playing with Justin Thomas
Speaker 1: and Fred Couples, who said Tiger's play was phenomenal. Nothing definite.
Speaker 1: Tiger has called it a game time decision, But Tweeny,
Speaker 1: the indications are the Tiger fourteen months after that car accident,
Speaker 1: going to t it up of the Masters to Thursday.
Speaker 1: John dash Allard Bloomberg's part, of course, saw the coverage
Speaker 1: of the Masters as always right here on Bloomberg Radio.
Speaker 1: Thank you for that, John. Right now, SMP futures are
Speaker 1: little changed, So are down futures down just three points.
Speaker 1: Nastack features are higher by one point. The action is
Speaker 1: in the bond market, with ten year treasuries down thirteen
Speaker 1: thirty seconds. The yield two point four or four percent.
Speaker 1: That's the yield on the two year as well. You're
Speaker 1: listening to Bloomberg Daybreak Bloomberg eleven three oh weather mostly
Speaker 1: cloudy today, chance for an isolated afternoon shower with highs
Speaker 1: in the mid fifties. Fact we're gonna stay in the
Speaker 1: mid fifties through the next three days. With rain throughout
Speaker 1: right now in Central Park markets. Headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot Com, The
Speaker 1: Bloomberg Business at and at Bloomberg Quick Tape. This is
Speaker 1: a Bloomberg Business lash and I'm camera in Moscow. European
Speaker 1: stocks are rising this morning. US stock index futures are
Speaker 1: a little changed. Oil gaining as investors evaluate the prospect
Speaker 1: of tougher sanctions against Russia. Bonds are retreating and then
Speaker 1: deepening concern about inflation and the policy response. We checked
Speaker 1: the markets every fifteen minutes throughout the trading day on
Speaker 1: Bloomberg Guess and Key futures. Again little change the morning,
Speaker 1: along with dowin Nasdack futures. The decks in Germany is
Speaker 1: up about two tenths of upper sent ten. Your Treasury
Speaker 1: down twelve thirty seconds, yet two point four or four percent.
Speaker 1: The yield on the two year two point four or
Speaker 1: four percent as well. Nine mex scrude oil is up
Speaker 1: one point eight percent of a dollar eighty five and
Speaker 1: a hundred five dollars fourteen cents of barrel. Comic Schools
Speaker 1: isn't ell change at nineteen thirty two eighty announced the
Speaker 1: euro one point o nine eight two against the dollar,
Speaker 1: The British found one point three one three nine, the
Speaker 1: UN at one twenty two point seven two, and Bitcoin
Speaker 1: this morning is higher, up seven tenths percent at forty
Speaker 1: six thous and six thirty dollars. That's a Bloomberg business flash.
Speaker 1: Now here's Michael Barrow with Moura. What's going on around
Speaker 1: the world, muncle, Good morning, Good morning, Karen. Ukrainian President
Speaker 1: voladimir's Lenski will address the United Nations Security Council today.
Speaker 1: The US said it might impose further sanctions this week
Speaker 1: on Moscow as the world's attention focused on Ukraine, saying
Speaker 1: that Russian troops executed civilians in Bucha and other towns.
Speaker 1: Russia denies its forces killed civilians. Three Republican senators joined
Speaker 1: Democrats to force Judge Jackson Supreme Court nomination out of
Speaker 1: the Senate Judiciary Committee after a vote there ended in
Speaker 1: a time. Kansas has won the NZ Double, a men's
Speaker 1: basketball title by engineering the greatest second half comeback in
Speaker 1: finals history. The Jayhawks turned a sixteen points second half
Speaker 1: deficit into a seventy two sixty nine victory over North
Speaker 1: Carolina in the NHL the Bruins one and overtime against
Speaker 1: the Blue Jackets three. To Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quick Take, powered
Speaker 1: by more than twenty seven under journalist and analysts in
Speaker 1: more than one twenty countries. I'm Michael Barr and this
Speaker 1: is Bloomberg. Nathan. Yeah, turn around like that is why
Speaker 1: they call it March madness. Thank you, Michael. It is
Speaker 1: five nineteen on Wall Street Live from the Bloomberg Interactive
Speaker 1: Broker Studios. This is Bloomberg Day Break. Let's turn down
Speaker 1: to the latest on the war in Ukraine. Were joined
Speaker 1: once again by Bloomberg News Executive editor for International Government,
Speaker 1: Rosalind Mathison. Ros Good morning. We've had some pretty significant
Speaker 1: developments in just the last a few minutes, including this
Speaker 1: word from the European Commission that President Ursula vonder Lyine
Speaker 1: and High Commissioner Joseph Barrell are planning to visit Kiv
Speaker 1: in the next couple of days here and of course
Speaker 1: this comes after the horrific images we've seen of apparent
Speaker 1: mass civilian deaths near Ukraine, in the city of Bucha
Speaker 1: and other places. What kind of signal does this send
Speaker 1: that the European Commission. These high ranking leaders are now
Speaker 1: going into what is essentially a war zone. Well, certainly,
Speaker 1: as you say, it would probably be the highest ranking
Speaker 1: officials to go into Ukraine since the war broke out,
Speaker 1: and certainly to sit down in person with the Ukrainian
Speaker 1: president in the capital. And it comes amid real pressure
Speaker 1: on Europe to do more, um than it's already doing
Speaker 1: to support Ukraine in the face of what appears to
Speaker 1: be on the Ukrainian side, war crimes committed by Russian
Speaker 1: troops in the north, and a lot of pressure on
Speaker 1: Europe to agree to further moves on sanctions, particularly embargoes
Speaker 1: on the energy side. So the visit is really symbolic
Speaker 1: in some ways, is designed just to show you it
Speaker 1: really does stand with Ukraine in this moment. You wouldn't
Speaker 1: imagine that she is in a position to promise him
Speaker 1: particular things on the ground, although we do know that
Speaker 1: NATO nations are considering further weapons packages to go in
Speaker 1: and there's a lot of discussion going on this week
Speaker 1: in Brussels about possible embargoes on energy. Is probably too
Speaker 1: soon for her to be able to promise him anything,
Speaker 1: but at the least a symbolic effort to show that
Speaker 1: Europe is still they're supporting Ukraine in this moment, and
Speaker 1: you have to thank rise that as President Zelinski prepares
Speaker 1: to address the U N Security Council later this morning,
Speaker 1: that there's going to be even more pressure brought to bear,
Speaker 1: not just on the European Union, but on the US
Speaker 1: to do more on the sanctions front and on the
Speaker 1: military aid front as well. Well. That's right because aside
Speaker 1: from action on sanctions, Ukraine is also called for a
Speaker 1: full ban on Russian ship stocking at ports in Europe
Speaker 1: and any goods from Russia being unloaded at all, and
Speaker 1: some in the European Unit calling even for any Russian
Speaker 1: citizen and to not be able to get an EU visa,
Speaker 1: which is unlikely of course to happen. But aside from
Speaker 1: those things, Ukraine is also still pushing for military equipment
Speaker 1: to come in beyond the missiles that have that have
Speaker 1: gone so far, particularly fighter jets UM and that's something
Speaker 1: that NATO including the US has balked out UM sending
Speaker 1: fighter jets in to Ukraine. Are also agreeing, particularly to
Speaker 1: a no fly zone over Ukraine. So you can imagine
Speaker 1: that the President will raise those points again in his
Speaker 1: U N. Security Council addressed today, particularly anchored around the
Speaker 1: events of the past few days in those northern towns
Speaker 1: and calling on Europe in the US and saying you
Speaker 1: cannot just sit there and watch these things unfold in
Speaker 1: these towns, because of course, what happened in one town
Speaker 1: is very likely to have happened in others, So we
Speaker 1: can expect more distressing reports to come out in the
Speaker 1: coming days. So you're probably getting extremely heartfelt appeal by
Speaker 1: the Ukrainian President to the U N. Security Council later today.
Speaker 1: And we heard from President Biden yesterday as well as
Speaker 1: National Security Advisor Jake Sullivan hinting at eva more sanctions
Speaker 1: against Russia, including some targeted at the energy sector, beyond
Speaker 1: a full band on oil and gas purchases from Russia.
Speaker 1: What could energy related sanctions against Russia look like at
Speaker 1: this point, Well, it's really those big three things, which
Speaker 1: is gas, oil, and coal, um and Europe's really on
Speaker 1: the hook for all three of those. The US has
Speaker 1: moved further than Europe so far on the energy front,
Speaker 1: and it's been the big economies of in Europe, particularly Germany,
Speaker 1: which is so reliant on Russian gas, saying, if we
Speaker 1: do this all of a sudden, it's going to be
Speaker 1: too much of a shock for our economy and therefore
Speaker 1: an economic shock for Europe as well. So those three things,
Speaker 1: can we get movement at least on one of them?
Speaker 1: Potentially coal for example, would they be willing to discuss that,
Speaker 1: maybe coal and oil and you leave gas for later,
Speaker 1: but something you would expect that they have to sort
Speaker 1: of signal that they're going to move faster to wean
Speaker 1: themselves off Russian gas than they've said, which is really
Speaker 1: the end of the year. So possibly actually non cole
Speaker 1: in particular, we should look for that, but gas is
Speaker 1: really the big one, and that's the hardest one. Of course,
Speaker 1: very quickly rise only about thirty seconds left here. But
Speaker 1: have we seen any further movement in the latest negotiations
Speaker 1: by video between Russia and Ukraine. Well, we only know
Speaker 1: that Russia says that talks ongoing. There's been no clarity
Speaker 1: about video talks yesterday, if they were even held, and
Speaker 1: if anything was resolved, certainly talks will probably continue towards
Speaker 1: the cease fire. But you imagine what we're seeing in
Speaker 1: the north of Ukraine. Makes it even more complicated to
Speaker 1: get to a broader peace deal because the Ukrainian president
Speaker 1: isn't a position where he cannot be seen to be
Speaker 1: giving any territory away, So complicating that that broader conversation
Speaker 1: put down the track. Yeah, certainly feels that way, as always, Rose,
Speaker 1: Thank you for keeping us up to speed. Rosalind Matheson,
Speaker 1: our executive editor for International Government at Bloomberg News. Right now,
Speaker 1: SMP futures are down two points, Staff futures down sixteen,
Speaker 1: Nasdaq futures down seven, so a little change as far
Speaker 1: as equity futures go. The tenure treasury though, down fourteen
Speaker 1: thirty seconds. The yield two point four four percent. Yield
Speaker 1: on the two you're now just a touch higher than
Speaker 1: the ten year at two point four five Bloomberg eleven
Speaker 1: three oh Weather mostly cloudy today, an isolated afternoon shower
Speaker 1: possible with highstear fifty five degrees. The rain will end
Speaker 1: by tomorrow afternoon with high stear fifty five. Rain returns Thursday.
Speaker 1: Right now forty five in Central Park. Broadcasting live from
Speaker 1: the Bloomberg Interactive Broker Studio in New York. Bloomberg e
Speaker 1: Living Freedom to Washington, d C, Bloomberg one to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg nine
Speaker 1: sixteen to the country Sirius XM total one nine ten
Speaker 1: and around the globe the Bloomberg Business app and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's five thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Hager and I'm
Speaker 1: Karin Moscow. We're just about four hours away from the
Speaker 1: open of US trading. Let's get you have to day
Speaker 1: on the news. You need to know went this hour.
Speaker 1: Ukrainian President Vladimir Zlenski will address the UN Security Council
Speaker 1: this morning. As remarks come as the world reacts to
Speaker 1: graphic images of civilian deaths in the city of Bootsha.
Speaker 1: Russia denies responsibility for the deaths. Meantime, President Biden is
Speaker 1: calling on President Vladimir Putin a war criminal. We have
Speaker 1: to gather of inpromation. We have to continue to provide
Speaker 1: Ukraine with the weapons they need to continue to fight,
Speaker 1: and we have together all the detail so just to
Speaker 1: be a actually have a war crime trial. President Biden
Speaker 1: is also promising more sanctions and National Security Advisor Jake
Speaker 1: Sullivan says they'll be announced this week and will include
Speaker 1: economic pressure on Russia. The U. S. Treasury is also
Speaker 1: ramping up pressure on Moscow. Karen Now, it's stomping Russia
Speaker 1: from paying debt through its US accounts. It's got that
Speaker 1: storyline from Bloomberg's John Tucker, John Nathan. The move will
Speaker 1: force Russia to drain its dollar reserves, spend new revenue,
Speaker 1: or go into default. It further ratchetes up pressure on
Speaker 1: Vladimir Putina and his invasion of Ukraine. The latest oval
Speaker 1: intensify scrutiny on payments that are due May twenty seven
Speaker 1: for interest to olde on sovereign dollar and euronoes. Russia's
Speaker 1: foreign currency and gold reserves have plunged to the lowest
Speaker 1: level since last August, Live in New York. I'm John Tucker,
Speaker 1: Bloomberg Daybreak. All right, John, thank you about turning to
Speaker 1: the markets. Now. Oil continues to rise on word the
Speaker 1: U S and Europe may impose energy sanctions on Russia.
Speaker 1: That follows a four percent game for crewe to yesterday.
Speaker 1: Checking prices right now, nimex screwed oil is up one
Speaker 1: and a half percent of but all our fifty five
Speaker 1: and a hundred four dollars eighty three cents of barrel
Speaker 1: brent is at one point four percent and a hundred
Speaker 1: nine dollars seven cents. And another commodity related news this morning,
Speaker 1: Karen JP Morgan Chase is reviewing its business with some
Speaker 1: clients after last month's Nichols short squeeze. The bank is
Speaker 1: one of the largest players in global commodity markets and
Speaker 1: the biggest in metals by far well. Twitter is front
Speaker 1: and center again this morning. Nathan after taking a stake
Speaker 1: in the company, Elon Musk may be looking for changes
Speaker 1: at the social media company. They get the latest line
Speaker 1: from Bloomberg's right, I need a young good morning, Ready
Speaker 1: to good morning, Karen. Elon Musk is asking users in
Speaker 1: a Twitter poll if they want an edit button now.
Speaker 1: There's about fifteen hours left on the pole and out
Speaker 1: of almost two point five million votes, seventy three percent
Speaker 1: appear to support the edit button. Twitter's new CEO says
Speaker 1: the consequences of the poll will be important and urges
Speaker 1: people to vote carefully. Live in New York. I'm gonna
Speaker 1: need a young Bloomberg daybreak, right, we need to thank you.
Speaker 1: In futures this morning, they're little change to lower the
Speaker 1: ten year treasury down thirteen thirty seconds here two point
Speaker 1: four or four percent. Try to head your latest local
Speaker 1: headlines plus a check of sports. This is Bloomberg. Okay, Karen. Thanks,
Speaker 1: It's five thirty three on Wall Street, forty six degrees
Speaker 1: in Central Park. We've got an accent on the southbound
Speaker 1: FDR drive at a hundred six Details coming up in
Speaker 1: traffic First. Michael Barr with more on what's going on
Speaker 1: in New York and around the world. Michael, thank you
Speaker 1: very much. Nathan. New York City is launching a digital
Speaker 1: billboard campaign to lure people in Florida who are unhappy
Speaker 1: with their states. Don't say gay law to the Big Apple.
Speaker 1: Mayor Eric Adams says the billboards supporting lgbt Q visibility
Speaker 1: will be displayed in five major markets in Florida for
Speaker 1: eight weeks. We are in unitsies with you, and you're
Speaker 1: right to have self identification. You're right to be lived
Speaker 1: the lifestyle and live the lives that you choose to
Speaker 1: live without any form of harassment. Last week, Florida Governor
Speaker 1: Around the Santis signed a bill into law that forbids
Speaker 1: instruction on sexual orientation and gender identity in kindergarten through
Speaker 1: third grade. LGBTQ groups have condemned the legislation, saying it
Speaker 1: will marginalize lgbt Q children and families. As Democrats move
Speaker 1: towards confirming Judge Katangi Brown Jackson to the U. S
Speaker 1: Supreme Court by the end of the week, three Republican
Speaker 1: senators have announced they planned to join Democrats to confirm
Speaker 1: her to the nation's highest court. Susan Collins, Mitt Romney,
Speaker 1: and Lisa Murkowski joined Democrats to force Judge Jackson's nomination
Speaker 1: and out of the Senate Judiciary Committee after a vote
Speaker 1: there yesterday ended in a time The House panel investigating
Speaker 1: the capital attack is backing away from a bid for
Speaker 1: the testimony of the former Vice president. Select Committee chair
Speaker 1: Benny Thompson says the panel will not subpoena Mike Pence
Speaker 1: for his testimony. There's no effort on the part of
Speaker 1: the committee uh to get him to come in. Pence's
Speaker 1: chief of staff, his national security advisor, and his Chief
Speaker 1: council of all sat for lengthy interviews before the panel.
Speaker 1: Senate bargainers have reached an agreement on a slim down
Speaker 1: ten billion dollar package for countering COVID nineteen with treatments, vaccines,
Speaker 1: and other steps, but the compromise ended up dropping all
Speaker 1: funding to help nations abroad combat the pandemic. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analyst
Speaker 1: in more than a hundred twenty countries. On Michael Barr
Speaker 1: This is Bloomberg Naked Okay, Michael, Thanks five On Wall
Speaker 1: Street Time for the Bloomberg Sports Update with John stash Our.
Speaker 1: Thanks Nathan. Biggest Championship game come back at n C
Speaker 1: Double a tournament history in New Orleans. Kansas and North
Speaker 1: Carolina were tied at twenty two and then Carolina had
Speaker 1: a sixteen nothing wrong led by fifteen and a half time.
Speaker 1: Midway to the second half, that lead was gone. Jayops
Speaker 1: actually went up by six at one point. Game was
Speaker 1: tied with three minutes left, tiebreaking three pointer by Remy Martin.
Speaker 1: Carolina reclaimed the lead. David McCormack had a shot to
Speaker 1: put Kansas back on top, and then he hit another
Speaker 1: to put him ahead by three. Carolina had a chance
Speaker 1: after a Kansas turnover. Caleb Loves Game signed three fell short.
Speaker 1: That Jayhawks one thriller seventy two sixty nine fourth title
Speaker 1: in school history. They also won a nineteen fifty eight
Speaker 1: and two thousands and eight. Bill self coached that team,
Speaker 1: also to a comeback victory. Before the the half was over,
Speaker 1: I said, which would be harder? Being down nine with
Speaker 1: two minutes left or being down fifteen? Works winner? And
Speaker 1: they all sit being down nine with two minutes left,
Speaker 1: I said, Sol, we can do this. And because that's
Speaker 1: the way it was in the way, Carolina denied a
Speaker 1: seventh title, feeling heartbreak much like six years ago, and
Speaker 1: they lost to Villanova. At the Carolina was plus twenty rebounding,
Speaker 1: but love R. J. Davis and Armando Bocock together shot
Speaker 1: thirteen fifty Pool and Samfa Yankees for the Phillies, Aaron
Speaker 1: Judge at a three one homer. He's had four four
Speaker 1: team this spring with four homers. Dom Smith the three
Speaker 1: on shot. The Mets and Astro had finished at a
Speaker 1: tie the grape Fruit Lea against Today. The Mets then
Speaker 1: had to Washington and Yankees head home opening day weather permitting.
Speaker 1: Thursday of English was at the Devil's Tonight, Nets host Houston.
Speaker 1: John Stashoward Bloomberg Sports Anything Okay, John Thanks thirty seven
Speaker 1: on Wall Street time for the Tri State Business Report, Heres,
Speaker 1: Bloomberg said Corey Manhattan apartment sales continued their hot streak
Speaker 1: in the first quarter, with rising demand clashing up against
Speaker 1: an inventory crunch to stoke bidding wars in a growing
Speaker 1: share of deals. Purchases completed above the asking price made
Speaker 1: up nine point three percent of all transactions, the highest
Speaker 1: worship in four years. Residents of high rise luxury apartments
Speaker 1: might have to take out their own trash if the
Speaker 1: dorman and staff for three thousand New York buildings go
Speaker 1: on strike. The union contract for more than thirty thousand
Speaker 1: workers from buildings owned by companies like Mornado Realty Trust
Speaker 1: and related companies runs out April. New Jersey's first company
Speaker 1: to take bets on competitive video games begins full operations
Speaker 1: this week after completing a trial run. London based E
Speaker 1: Sports Entertainment Group was approved for operations after a period
Speaker 1: of soft play while regulators evaluated its product. Begrew Bloomberg
Speaker 1: Try State Business Report. I'm in Corey on Wall Street.
Speaker 1: Bloomberg Radio is on the air from San Francisco to
Speaker 1: New York, London to Hong Kong. Let's check in with
Speaker 1: our global news team for some of the top stories
Speaker 1: heard on our three hundred affiliate radio stations around the world.
Speaker 1: I'm Steve Podask and on ten ten Wins in New York,
Speaker 1: We're talking about Holman An apartment buyers are still dealing
Speaker 1: with bidding wards um Corney's Donahoe on k l D
Speaker 1: in Dallas. Exxon is signaling its highest profits since two
Speaker 1: thousand eight. On upending commodity markets. I made gory on
Speaker 1: w T A M in Cleveland. I'm reporting Kroger plans
Speaker 1: to build a grocery delivery hub in Oakwood. And those
Speaker 1: are some of the stories that are hundred Bloomberg journalists
Speaker 1: and analysts are working on this morning around the world.
Speaker 1: We're coming up to five thirty nine on Wall Street.
Speaker 1: The following is an editorial from Bloomberg Opinion. This editorial
Speaker 1: was written by the Bloomberg Editorial Board. The U. S.
Speaker 1: Government has long offered enticements to get Americans to save
Speaker 1: for retirement. Why, some might ask, should it be involved
Speaker 1: at all? There are two answers. First, people turn out
Speaker 1: to be pretty bad at thinking about the distant future.
Speaker 1: It seems our brains aren't wired for it. Second, of
Speaker 1: the financial choices involved in retirement are uniquely complicate. Aided
Speaker 1: Encouraging people to save more and helping them do it
Speaker 1: wisely would make a lot of Americans better off. But
Speaker 1: in recent decades, the U S system of retirement savings,
Speaker 1: such as it is, has shifted sharply toward an ethos
Speaker 1: of personal responsibility. As a result, nearly half of workers
Speaker 1: nearing retirement age lack retirement savings. The government should be
Speaker 1: doing more to steer Americans toward better choices, both for
Speaker 1: their own financial security and for the public good. The
Speaker 1: sedatorial was written by the Bloomberg Editorial Board. For more
Speaker 1: Bloomberg opinion, please go to Bloomberg dot com, slash opinion
Speaker 1: or O P I n go on the Bloomberg terminal.
Speaker 1: This has been Bloomberg opinion. You can hear Bloomberg opinion
Speaker 1: editorials every weekday at this time. Terminal customers can read
Speaker 1: more at O P I n go. Looking ahead to
Speaker 1: the market, open futures are moving just a little bit lower,
Speaker 1: with SMP futures down down sick points now futures down
Speaker 1: forty six. Nastack futures down eighteen that's a drop across
Speaker 1: the board of about a ten percent le bond sell
Speaker 1: off continues with the ten year Treasury down fourteen thirty seconds,
Speaker 1: the yield two point four or four percent yield on
Speaker 1: the two year two point four five. You're listening to
Speaker 1: Bloomberg Day Bloomberg eleven three oh Weather mostly cloudy today
Speaker 1: in isolated afternoon shower possible with highs in the mid fifties.
Speaker 1: The rain will end by tomorrow afternoon in your fifty
Speaker 1: five once again and mid fifties with brain returning Thursday
Speaker 1: right now forty six in Central Park. Markets, headlines and
Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,
Speaker 1: The Bloomberg Business at and at Bloomberg Quick Take. He's
Speaker 1: a Bloomberg Business Flash and I'm Cameron. Moscow and European
Speaker 1: stocks are rising this morning. US Dock Index futures half
Speaker 1: turned the lower, while oil is gaining as investors evaluate
Speaker 1: the prospect of comfort sanctions against Russia, bonds retreating amid deefending,
Speaker 1: concern about inflation and the policy response. You checked the
Speaker 1: markets every fifteen minutes throughout the trading day on bloomberg
Speaker 1: S and P futures down eat points down, futures down
Speaker 1: fifty eight, NASDA futures down twenty seven, the tenure treasury
Speaker 1: down thirteen thirty seconds, YEL two point four or four percent,
Speaker 1: and the yield in a two year or two point
Speaker 1: four or five percent. And nim Ex screwed oil is
Speaker 1: a one and a half percent or at dollar fifty
Speaker 1: three at a hundred four dollars eighty cents of barrel.
Speaker 1: That's a Bloomberg busins flom. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. Ukrainian President boldmir Zelinski prepares to
Speaker 1: talk to the UN Security Council today and mid outrage
Speaker 1: overgrowing evidence of Moscow soldiers deliberately killed civilians. Katanji Brown
Speaker 1: Jackson is set to become the first black woman on
Speaker 1: the Supreme Court. The Senate voted fifty seven to discharge
Speaker 1: Jackson's nomination from the Senate Judiciary Committee, a procedural step
Speaker 1: made necessary after the panel deadlocked on its vote. Kansas
Speaker 1: has won the n c Double A men's basketball title
Speaker 1: by engineering the greatest second half comeback in finals history.
Speaker 1: The Jayhawks turned a sixteen points second half deficit in
Speaker 1: to a six nine victory over North Carolina in the NHL,
Speaker 1: the Bruins one in ot against the Blue Jackets three
Speaker 1: to Global News twenty four hours a day on here
Speaker 1: and on Bloomberg Quicktake, powered by more than twenty seven
Speaker 1: hundred journalist and analyst in more than a twenty countries.
Speaker 1: I'm Michael Barr, and this is Bloomberg. Nathan. Okay, Michael,
Speaker 1: thank you. We're coming up to five forty nine on
Speaker 1: Wall Street Now live from the Bloomberg Interacted Broker Studios.
Speaker 1: This is Bloomberg Daybreak. And Brian Levitt is with us
Speaker 1: this morning, global market strategist at Investco. As we watched
Speaker 1: this slight turn to the down side in equities this morning,
Speaker 1: particularly in Europe now with both the DACKX and CAC
Speaker 1: turning lower in futures, appointing to losses this morning. Of course,
Speaker 1: the bond sell off continues. Of course, what do you
Speaker 1: think is driving the sentiment? Is it just Ukraine? Is
Speaker 1: it the Fed? What's your view? I think it's all
Speaker 1: of it. I mean, you know, we're we're seeing oil
Speaker 1: prices back up again. We know that inflation continues to
Speaker 1: remain an issue, and we know that there's going to
Speaker 1: be meaningful policy tightening over the next year, so you know,
Speaker 1: the markets are still trying to navigate all this. Ultimately,
Speaker 1: I think it's still is a better backdrop for stocks
Speaker 1: than it is for bonds. Uh, stocks tend to be
Speaker 1: a better inflation hedge. And when you're buying stocks, you're
Speaker 1: buying nominal growth, and so a nominal growth continues to
Speaker 1: be strong in the United States. So I would expect
Speaker 1: equities to continue to move higher. But we're in the
Speaker 1: part of the cycle where it tends to be more
Speaker 1: volatile and returns tend to be more compressed than they
Speaker 1: are during better recovery or expansion parts of the cycle.
Speaker 1: When you say stocks are a better hedge against inflation
Speaker 1: right now, is that does that just point to the
Speaker 1: whole idea of Tina. There is no alternative, Yeah, there's not.
Speaker 1: There's not a lot of alternatives. I mean, the olenges
Speaker 1: with bonds is that you know, inflation erodes any income
Speaker 1: that you can generate, and you know, for investors, they
Speaker 1: need to look to things right now because inflation is
Speaker 1: not going to peak for a bit. So if they
Speaker 1: need to look at things right now that can hedge
Speaker 1: against inflation. I wouldn't say there's not any other alternative,
Speaker 1: and equities do quite well. Real Estate investment trusts are
Speaker 1: good hedge against inflation. Commodities tend to be a very
Speaker 1: good hedge against inflation. So it's not that there aren't
Speaker 1: any alternatives, it's that equities just are managing this better
Speaker 1: than bonds, as you would expect with inflation as elevated
Speaker 1: as it is. How much of an indicator do you
Speaker 1: put in the inverted yield curve when it comes to
Speaker 1: stock performance? I think we ignore it at our own perils.
Speaker 1: So we know that when the twos tends spread inverts,
Speaker 1: it tends to be a harbinger of future economic lows.
Speaker 1: The time period between the inversion of the yield curve
Speaker 1: and a recession tends to be about eighteen months now.
Speaker 1: The challenge that investors are appling with right now is
Speaker 1: that while the twos tens is inverted, the three month
Speaker 1: tenure is actually quite wide. And that's because the Fed
Speaker 1: is behind the curve, and so we've got a lot
Speaker 1: of policy tightening still to go. So I would tend
Speaker 1: to view the twos tens as a harba or a
Speaker 1: future economic woes, but focus more on the Fed and
Speaker 1: where the three month tenure is going to be. The
Speaker 1: reality is, though, if you look at the last eight decades,
Speaker 1: when the twos tens inverts, the median return of the
Speaker 1: SMP five hundred between the day that the twos tends
Speaker 1: inverts until the recession, the median return is So it's
Speaker 1: not a good timing tool for equity investors. But again,
Speaker 1: I know it's the third time I'll say it. It's
Speaker 1: a harbinger, a future economic woes, not a timing tool
Speaker 1: for equity investors. Now, we've heard from a lot of
Speaker 1: analysts and uh folks like you say that the Fed
Speaker 1: he is behind the curve. Do you expect that the
Speaker 1: Central Bank is going to try to get ahead somewhat
Speaker 1: by being more aggressive on rate hikes, doing something like
Speaker 1: a fifty basis point move next month or even more
Speaker 1: like that in subsequent meetings. Yeah, I suspect they will.
Speaker 1: I mean, the reality is that we've seen the two
Speaker 1: year price in a lot of tightening, and the Federal
Speaker 1: Reserve views the market. While it's been volatile, the broad
Speaker 1: indices have held up quite fine. Um emerging markets have
Speaker 1: held up quite fine. The dollar hasn't strengthened meaningfully. So
Speaker 1: for the Fed, it's a sign that they are able
Speaker 1: that the economy can handle this type of tightening. So
Speaker 1: we expect the Fed to to move towards the neutral
Speaker 1: rate somewhere around two two and a half percent UM.
Speaker 1: You know, how they get there, whether it's twenty five
Speaker 1: or fifty remains to be seen. But the policy tightening
Speaker 1: is happening, and and they will ultimately get there, and
Speaker 1: they'll get there in a reasonably short period of time.
Speaker 1: So the way investors should view that is the risks
Speaker 1: to the cycle are elevated cycles and with inflation and
Speaker 1: policy tightening. But but this economy is still sound. In
Speaker 1: the end to this cycle is not imminent. What we'll
Speaker 1: need to see as inflationary pressures moderate, So the Fed
Speaker 1: could perhaps back off their tightening cycle. But but it's
Speaker 1: going to be a challenge. Just about thirty seconds left here, Brian,
Speaker 1: what's your target for the SMP this year? I think
Speaker 1: the SMP is going to be higher from here um,
Speaker 1: but but not um. You know, it's not going to
Speaker 1: be a robust year clearly. I mean, we still have
Speaker 1: to navigate out of the whole that that we've started
Speaker 1: this year's but I think the SMP five hundred will
Speaker 1: be higher from here um and and and that this
Speaker 1: this as this cycle continues. UM. But but again it's
Speaker 1: it's it's certainly going to be a challenging polical environment.
Speaker 1: As always, Brian, thanks for your insights. Really appreciate it.
Speaker 1: Brian Levitt, Global market strategist at invest Go with us
Speaker 1: this morning, Karen, Well, Nathan. We're coming up to five
Speaker 1: fifty four on Wall Street at this time for the
Speaker 1: Bloomberg Law Report, brought to you by American Arbitration Association.
Speaker 1: Business dis views are Inevitable, Resolve Faster with the American
Speaker 1: Arbitration Association, the global leader and alternative dispute resolution for
Speaker 1: over ninety years. More at a d R dot org. Now,
Speaker 1: a legal story we're watching this morning brings us to
Speaker 1: the Supreme Court Judge Katangie Brown and Jackson is on
Speaker 1: the brink of making history as the first black woman
Speaker 1: to sit on the High Court. Republican Senator's Lisa Murkowski
Speaker 1: and mid Romney joined Republican Senator Susan Collins and saying
Speaker 1: they'll vote for Jackson, but the Senate Judiciary Committee remains
Speaker 1: deadlocked eleven eleven down party lines on whether to send
Speaker 1: Jackson's nomination to the floor. It's the first time the
Speaker 1: committee has deadlocked in his Supreme Court nominee in three decades.
Speaker 1: From More in the matter of Bloomberg's June Grassos speaks
Speaker 1: to Carl Toubias, a professor at the University of Richmond
Speaker 1: Law School. What did you hear from the senators each
Speaker 1: of them? Really, it seemed like we're reviewing what they
Speaker 1: had already talked about and asked her about during the hearing,
Speaker 1: and so there was virtually no new information that was
Speaker 1: trained admitted. I think there was pretty substantial agreement that
Speaker 1: the process is broken, but that wasn't why they were there.
Speaker 1: So the Republicans continued to criticize her the way they
Speaker 1: had before. They all were relatively careful to say that
Speaker 1: she is a very nice person, that they liked her family,
Speaker 1: that she was well qualified, they didn't have questions about
Speaker 1: her qualifications, but that they disagreed with her on certain issues.
Speaker 1: A number of them criticized her as someone who would
Speaker 1: be an activist judge, though there isn't a lot of
Speaker 1: evidence of that. On the Lower courts where she served,
Speaker 1: but also they were concerned that she might be soft
Speaker 1: on crime, though that's hard to discern from her record.
Speaker 1: The Democrats were saying she's extremely well qualified, in reminding
Speaker 1: everyone that this would be an historic appointment, and that
Speaker 1: she clerked at all three levels of the federal judiciary,
Speaker 1: including for Justice Bryor, and that was all ground that
Speaker 1: had already been plowed. For the first time in three decades,
Speaker 1: the committee was deadlocked on a Supreme Court nomination. How
Speaker 1: significant is it that the Senate majority leader had to
Speaker 1: put the measure on the Senate floor, discharging Jackson's nomination
Speaker 1: from the committee. The history is a little checkered because
Speaker 1: if you remember back fairly recently, both Bork and Clarence Thomas.
Speaker 1: Clarence Thomas had a tie vote in Judiciary Committee. Bourke
Speaker 1: was voted down, but at that point the Democrats agreed.
Speaker 1: I think they had the majority to send them to
Speaker 1: the floor anyway and have a vote. And that is
Speaker 1: another sign that this is all changed, because that's the
Speaker 1: relevant precedent, the most recent relevant president, So why not
Speaker 1: then go ahead and have the final vote? But I
Speaker 1: think because there's a tie and that custom has gone
Speaker 1: out the window. Apparently, it means that you must discharge
Speaker 1: the person from committee. It really is just a procedural hurdle,
Speaker 1: easily resolved, but it just takes more time. You have
Speaker 1: to have another vote on the floor to discharge her
Speaker 1: from committee, and you need a majority. And that's University
Speaker 1: of Richmond law professor Carl Tobias speaking with Bloomberg, Shore
Speaker 1: and Grasso. Catch more of that interview, plus analysis of
Speaker 1: the latest legal news by listening to the Bloomberg Law
Speaker 1: Show at en PM Eastern or subscribing to the Bloomberg
Speaker 1: Law Podcast, and attorney's can find exceptional legal research and
Speaker 1: business development tools at Bloomberg Law dot com, and sources
Speaker 1: tell Bloomberg the EU is planning to propose a mandatory
Speaker 1: phase out on coal imports from Russia in a direct
Speaker 1: response to apports at Russian forces committed a parent war
Speaker 1: crimes in Ukraine. Not just crossing the Bloomberg top stories
Speaker 1: straight ahead, this is Bloomberg