1 00:00:02,840 --> 00:00:06,160 Speaker 1: Live from the Bloomberg Interacted Berger Studios. This is Bloomberg 2 00:00:06,240 --> 00:00:10,240 Speaker 1: day Break for Tuesday, February one. Coming up this hour, 3 00:00:10,520 --> 00:00:13,440 Speaker 1: a two day rally pairs the worst month for stocks 4 00:00:13,480 --> 00:00:16,680 Speaker 1: since the depths of the pandemic. Ubs share surge as 5 00:00:16,720 --> 00:00:21,200 Speaker 1: earning speed estimates Alphabet reports. Next, Madernast COVID vaccine gets 6 00:00:21,200 --> 00:00:24,040 Speaker 1: full FDA approval for adults, and the calls for Prime 7 00:00:24,040 --> 00:00:27,360 Speaker 1: Minister Boris Johnson to step down Grown Louder, New York's 8 00:00:27,360 --> 00:00:30,280 Speaker 1: mass mandates remain in place for now. Plus New York 9 00:00:30,280 --> 00:00:34,000 Speaker 1: Mayor Adam says he's focusing on climate justice. I'm Michael 10 00:00:34,000 --> 00:00:37,239 Speaker 1: barn More Ahead, I'm John's Dashward Sports easy win for 11 00:00:37,280 --> 00:00:40,000 Speaker 1: the next The devil is lost and Tom Brady refutes 12 00:00:40,080 --> 00:00:45,360 Speaker 1: the report He's decided to retire. That's all straight Ahead 13 00:00:45,440 --> 00:00:49,880 Speaker 1: on Bloomberg day Break on Bloomberg ELMTREEO New York, Bloomberg 14 00:00:50,600 --> 00:00:54,040 Speaker 1: on Washington, d C, Bloomberg one oh six one, Boston, 15 00:00:54,200 --> 00:00:58,720 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 16 00:00:59,080 --> 00:01:02,000 Speaker 1: and around the world on Bloomberg Radio dot Com and 17 00:01:02,160 --> 00:01:08,639 Speaker 1: via The Bloomberg Business or Good Morning. I'm Nathan Hager. 18 00:01:09,040 --> 00:01:11,720 Speaker 1: And I'm paren Moscow and US stock in text futures 19 00:01:11,760 --> 00:01:13,960 Speaker 1: are lower this morning. We're coming up to six o 20 00:01:14,080 --> 00:01:16,119 Speaker 1: one on Wall Street. I'm check the markets every fifteen 21 00:01:16,120 --> 00:01:18,560 Speaker 1: minutes throughout the trading day. On bloomberg S and P 22 00:01:18,760 --> 00:01:21,200 Speaker 1: Future is down about thirteen points down, Future is down 23 00:01:21,240 --> 00:01:25,000 Speaker 1: sixty eight. NASACK futures down twenty three and the tenure 24 00:01:25,040 --> 00:01:28,560 Speaker 1: treasury of four thirty seconds held one point seven six percent. 25 00:01:28,600 --> 00:01:31,440 Speaker 1: They yield on the two year one point one six percent. 26 00:01:31,600 --> 00:01:34,000 Speaker 1: Nathan Karen, Let's take a little deeper into these markets. 27 00:01:34,120 --> 00:01:36,560 Speaker 1: January was a rough month for U S stocks, but 28 00:01:36,600 --> 00:01:38,759 Speaker 1: they wrapped it up at the biggest two day rally 29 00:01:38,840 --> 00:01:41,319 Speaker 1: in more than twenty months. Let's get more from Bloomberg's 30 00:01:41,360 --> 00:01:45,520 Speaker 1: Charlie Pellett. Beaten down technology shares power to late rebound. 31 00:01:45,680 --> 00:01:49,320 Speaker 1: The SMP five hundred rallied almost two percent for its 32 00:01:49,360 --> 00:01:53,120 Speaker 1: best back to back performance since April of twenty pairing 33 00:01:53,160 --> 00:01:56,240 Speaker 1: a monthly loss at at one point exceeded ten percent 34 00:01:56,560 --> 00:01:59,720 Speaker 1: to five point three percent, still the worst drop since 35 00:01:59,720 --> 00:02:02,760 Speaker 1: the endemic bear market than as a stack one hundreds 36 00:02:02,800 --> 00:02:06,280 Speaker 1: rebound was even sturdier, with US six point six percent 37 00:02:06,320 --> 00:02:09,959 Speaker 1: surge in two sessions. Its members took such a walloping 38 00:02:10,000 --> 00:02:12,400 Speaker 1: from most of the month that it's still ended down 39 00:02:12,440 --> 00:02:16,720 Speaker 1: eight and a half percent, the worst since December of eighteen. 40 00:02:17,400 --> 00:02:20,920 Speaker 1: In New York. Charlie Pellett Bloomberg Day Break, Charlie, thank you. 41 00:02:20,960 --> 00:02:24,680 Speaker 1: Despite the light gains, January hit many traditional investors pretty hard. 42 00:02:24,760 --> 00:02:26,840 Speaker 1: We get the details live with the Bloomberg shor need 43 00:02:26,880 --> 00:02:29,400 Speaker 1: a Young. Good morning, Nada, Good morning Karen. The sixty 44 00:02:29,800 --> 00:02:33,240 Speaker 1: portfolio suffered its worst monthly loss since the start of 45 00:02:33,240 --> 00:02:37,040 Speaker 1: the pandemic. The Bloomberg Index, which is a split between 46 00:02:37,040 --> 00:02:41,239 Speaker 1: equities and bonds, dropped four point two percent in January. 47 00:02:41,639 --> 00:02:45,040 Speaker 1: Equity and bond prices both saw sharp declines last month 48 00:02:45,080 --> 00:02:48,080 Speaker 1: as markets priced in faster rate hikes from the Fed. 49 00:02:48,560 --> 00:02:50,800 Speaker 1: And now it's all about how far the Fed titans 50 00:02:50,840 --> 00:02:54,800 Speaker 1: policy and how much inflation growth and corporate earnings slow 51 00:02:54,919 --> 00:02:57,240 Speaker 1: as a result. So stay tuned for more on the 52 00:02:57,240 --> 00:03:01,480 Speaker 1: Central Bank. When we speak with Philadelphia at President Patrick Harker, 53 00:03:01,639 --> 00:03:03,960 Speaker 1: He'll be a guest on Bloomberg Surveillance coming up at 54 00:03:04,000 --> 00:03:07,080 Speaker 1: eight thirty am Wall Street Time on Bloomberg Radio and 55 00:03:07,120 --> 00:03:11,880 Speaker 1: Television Live in New York. I'm Renita Young. Bloomberg Daybreak, Okay, Renita, Thanks. 56 00:03:11,960 --> 00:03:14,240 Speaker 1: Earnings will continue to be a focus today, with two 57 00:03:14,280 --> 00:03:18,280 Speaker 1: dozen companies in the SMP five hundred reporting Alphabet headlines 58 00:03:18,280 --> 00:03:21,000 Speaker 1: the list, we get a preview from Bloomberg's Tom Busby, 59 00:03:21,360 --> 00:03:24,440 Speaker 1: The parent company of Google, expected to report strong growth 60 00:03:24,520 --> 00:03:28,080 Speaker 1: in online advertising, along with continued growth from ads and 61 00:03:28,120 --> 00:03:31,360 Speaker 1: its YouTube video channels and at its cloud computing unit. 62 00:03:31,720 --> 00:03:34,920 Speaker 1: Forecast call for total revenue of seventy one point eight 63 00:03:35,040 --> 00:03:37,800 Speaker 1: billion dollars, with over fifty eight billion of that from 64 00:03:37,840 --> 00:03:42,160 Speaker 1: Google Search, ads, and earnings at thirty five a share. 65 00:03:42,320 --> 00:03:44,880 Speaker 1: SHARE's of Alphabet up about forty seven percent in just 66 00:03:44,920 --> 00:03:48,880 Speaker 1: the last twelve months. Tom Busby, Bloomberg Daybreak, All right, Tom, 67 00:03:48,880 --> 00:03:50,840 Speaker 1: thank you all. In Europe, shares have you? B S 68 00:03:50,880 --> 00:03:53,920 Speaker 1: are up more than seven per cent. Switzerland's largest bank 69 00:03:53,960 --> 00:03:57,160 Speaker 1: posted earning set top estimates, and CEO Ralph Hammers as 70 00:03:57,240 --> 00:04:00,080 Speaker 1: U b S is also working to retain talent. We 71 00:04:00,160 --> 00:04:04,240 Speaker 1: pay competitively, We pay for performance. We have the talent 72 00:04:04,280 --> 00:04:09,200 Speaker 1: to make our our plan UH and to the extent 73 00:04:09,680 --> 00:04:11,640 Speaker 1: we need to pay up, we will do so as 74 00:04:11,720 --> 00:04:14,560 Speaker 1: we have done so last year. CEO Ralph Hammer says 75 00:04:14,680 --> 00:04:17,320 Speaker 1: ubs well buyback as much as five billion dollars of 76 00:04:17,360 --> 00:04:20,760 Speaker 1: shares this year, almost doubling its total buyback program. Oils 77 00:04:20,800 --> 00:04:22,960 Speaker 1: and focus as well. This morning, Karen, it's trading near 78 00:04:22,960 --> 00:04:24,880 Speaker 1: a seven year high ahead of this week so Peck 79 00:04:24,920 --> 00:04:27,880 Speaker 1: plus meeting. Stephen Schork, president of the Short Group, says 80 00:04:27,960 --> 00:04:30,800 Speaker 1: prices will head even higher this summer. I would expect 81 00:04:30,880 --> 00:04:33,000 Speaker 1: to see a pull back. We're going into the weakest 82 00:04:33,040 --> 00:04:36,080 Speaker 1: demand part of the season as refiners retol, but as 83 00:04:36,160 --> 00:04:39,919 Speaker 1: demand begins to pick up spring and into summer probability, 84 00:04:40,040 --> 00:04:42,560 Speaker 1: we will be over one dollars a barrel here in 85 00:04:42,600 --> 00:04:45,720 Speaker 1: the US. Oil strategist Stephen Schork says Russia and OPEC 86 00:04:45,760 --> 00:04:48,159 Speaker 1: or in no hurry to bring back full production. Checking 87 00:04:48,240 --> 00:04:50,760 Speaker 1: prices now, Nimex cruds up a tenth percent, or twelve 88 00:04:50,839 --> 00:04:53,000 Speaker 1: cents at eighty eight dollars twenty six cents of barrel. 89 00:04:53,200 --> 00:04:56,120 Speaker 1: Brent is little changed at eighty nine dolly eight cents. 90 00:04:56,400 --> 00:04:59,320 Speaker 1: Turning to the pandemic, Nathan Maderna has reached a long 91 00:04:59,400 --> 00:05:02,520 Speaker 1: awaited my elstone. The company's COVID vaccine has received full 92 00:05:02,600 --> 00:05:05,760 Speaker 1: approval from the FDA for people eighteen and older. Sean 93 00:05:05,800 --> 00:05:08,480 Speaker 1: had previously been available to adults under an emergency use 94 00:05:08,520 --> 00:05:12,000 Speaker 1: authorization COVID restrictions, Karen could pull meat off the shelves 95 00:05:12,040 --> 00:05:16,240 Speaker 1: at your grocery. Truckers protesting pandemic restrictions or stranding shipments 96 00:05:16,279 --> 00:05:19,000 Speaker 1: of beef coming from Canada to the US, Bloomberg said. 97 00:05:19,040 --> 00:05:21,840 Speaker 1: Baxter has the story. One hundred fifty loads are holding 98 00:05:21,880 --> 00:05:24,880 Speaker 1: at the Coats Alberta border with Montana on current mandates 99 00:05:24,920 --> 00:05:27,760 Speaker 1: require the truckers to be vaccinated, and some of them 100 00:05:27,800 --> 00:05:30,640 Speaker 1: have set up blockages to stop the flow in. This 101 00:05:30,800 --> 00:05:32,719 Speaker 1: comes at a time when both sides of the border 102 00:05:32,760 --> 00:05:35,560 Speaker 1: worry about supply chain and concern about what this could 103 00:05:35,640 --> 00:05:38,040 Speaker 1: do to the cost of beef to consumers and damage 104 00:05:38,080 --> 00:05:41,280 Speaker 1: the truckers and their loads if they can't finish. It 105 00:05:41,440 --> 00:05:44,800 Speaker 1: is not clear what provincial or federal authorities are doing, 106 00:05:44,920 --> 00:05:48,719 Speaker 1: if anything. In San Francisco, I'm at Baxter Bloomberg Daybreak 107 00:05:48,920 --> 00:05:51,320 Speaker 1: and thank You Meantime, in Europe, the political fallout from 108 00:05:51,360 --> 00:05:54,479 Speaker 1: party Gate continues. UK Prime Minister Boris Johnson is again 109 00:05:54,520 --> 00:05:57,000 Speaker 1: under fire from members of his own Conservative party. We 110 00:05:57,080 --> 00:05:59,280 Speaker 1: go live to London and get the latest with Bloomberg's 111 00:05:59,360 --> 00:06:03,000 Speaker 1: next Ramsey Next. Good Morning Morning, Karen and Nathan really 112 00:06:03,040 --> 00:06:06,000 Speaker 1: a bruising session in Parliament for Boris Johnson. Yesterday we 113 00:06:06,160 --> 00:06:09,760 Speaker 1: got this report into alleged lockdown breaking parties at Downing Street. 114 00:06:09,960 --> 00:06:13,120 Speaker 1: It found quote failures of leadership and judgment and revealed 115 00:06:13,360 --> 00:06:16,960 Speaker 1: twelve gatherings are under investigation by the police. So a 116 00:06:17,080 --> 00:06:18,960 Speaker 1: lot of anger and the Prime Minister came out in 117 00:06:19,000 --> 00:06:21,679 Speaker 1: the House of Commons. He did apologize but also struck 118 00:06:21,839 --> 00:06:24,360 Speaker 1: a definant tearing. The challenge now will be keeping his 119 00:06:24,480 --> 00:06:26,720 Speaker 1: party on board after we got some cutting questions from 120 00:06:26,839 --> 00:06:30,440 Speaker 1: senior figures, including the former Prime Minister Theresa May live 121 00:06:30,480 --> 00:06:33,120 Speaker 1: in London. Max Ramsey bloom Back Daybreak. Thanks Max. Turning 122 00:06:33,160 --> 00:06:35,360 Speaker 1: to corporate news now, Bloomberg News has learned the Federal 123 00:06:35,400 --> 00:06:38,160 Speaker 1: Trade Commission will handle the anti trust review of Microsoft's 124 00:06:38,200 --> 00:06:41,040 Speaker 1: acquisition of Activision Blizzard. The review will focus on the 125 00:06:41,120 --> 00:06:46,080 Speaker 1: combination of Activision's gaming portfolio with Microsoft's consoles and hardware systems. 126 00:06:46,440 --> 00:06:48,440 Speaker 1: And Sony is making a deal in video games to 127 00:06:48,640 --> 00:06:51,080 Speaker 1: Nathan is buying Bungee, the U S game developer behind 128 00:06:51,120 --> 00:06:54,000 Speaker 1: the popular Destiny and Halo franchises, for three point six 129 00:06:54,120 --> 00:06:57,000 Speaker 1: billion dollars, and The New York Times is buying word 130 00:06:57,040 --> 00:06:59,080 Speaker 1: Old Karen. The word guessing game that has had a 131 00:06:59,160 --> 00:07:02,080 Speaker 1: meteoric ry is online and clogged your social media feeds. 132 00:07:02,120 --> 00:07:04,680 Speaker 1: The game has millions of daily users. It's part of 133 00:07:04,680 --> 00:07:07,440 Speaker 1: the New York Times plan to increase digital subscriptions. The 134 00:07:07,520 --> 00:07:10,600 Speaker 1: sale price was not disclosed, but the Time says it 135 00:07:10,680 --> 00:07:15,760 Speaker 1: was in the low seven figures, not five. SMP futures 136 00:07:15,800 --> 00:07:19,680 Speaker 1: are down six points. Local News. Next, This is Bloomberg. 137 00:07:23,160 --> 00:07:25,400 Speaker 1: It's now six o seven on Wall Street where twenty 138 00:07:25,440 --> 00:07:27,920 Speaker 1: four degrees in Central Park. We gotta crash in the 139 00:07:27,960 --> 00:07:30,120 Speaker 1: westbound Southern State on your way to Rouge one. Ten 140 00:07:30,200 --> 00:07:32,960 Speaker 1: details coming up in traffic. First Michael Barr with more 141 00:07:33,000 --> 00:07:34,640 Speaker 1: on what's going on in New York and around the world. 142 00:07:34,680 --> 00:07:37,800 Speaker 1: Good morning, Michael, Good morning Nathan. New York's requirement that 143 00:07:37,960 --> 00:07:41,200 Speaker 1: masks be worn in schools and businesses that don't screen 144 00:07:41,280 --> 00:07:45,000 Speaker 1: for vaccination will remain in place while a state court 145 00:07:45,120 --> 00:07:48,240 Speaker 1: considers a challenge to it. The New York State Supreme 146 00:07:48,320 --> 00:07:51,640 Speaker 1: Court ruling comes after a brief whipsaw last week that 147 00:07:51,720 --> 00:07:54,320 Speaker 1: saw the mask Man date upended by a Long Island 148 00:07:54,400 --> 00:07:58,600 Speaker 1: judge before being temporarily reinstated the next day. Governor Kathy 149 00:07:58,640 --> 00:08:02,120 Speaker 1: Hokel's administration and is the mandate in December, in response 150 00:08:02,160 --> 00:08:05,880 Speaker 1: to rising COVID nineteen cases, Awake will be held today 151 00:08:06,040 --> 00:08:09,320 Speaker 1: for the second NYPD officer killed in an ambush in 152 00:08:09,400 --> 00:08:12,880 Speaker 1: Harlem last month. Services will be held for Wilbert Mora, 153 00:08:13,120 --> 00:08:17,040 Speaker 1: who was New York City Mayor. Eric Adams announced an 154 00:08:17,160 --> 00:08:20,720 Speaker 1: environmental team to lead climate policy for the city. Adam 155 00:08:20,800 --> 00:08:23,800 Speaker 1: says he will focus on what he called climate justice 156 00:08:24,200 --> 00:08:28,680 Speaker 1: and address recent extreme weather events. We saw the palm 157 00:08:29,320 --> 00:08:32,960 Speaker 1: of where we lost several New Yorkers based on the song, 158 00:08:33,760 --> 00:08:36,120 Speaker 1: we not the challenges that are facing us as we 159 00:08:36,240 --> 00:08:41,400 Speaker 1: cycle off of fossil fuel and moving another direction. Mayor Adams. 160 00:08:41,679 --> 00:08:44,800 Speaker 1: The government has rested in the fraud trial of attorney 161 00:08:44,960 --> 00:08:50,199 Speaker 1: Michael Avenati in Manhattan Federal Court. Prosecutors alleged Avenati stole 162 00:08:50,360 --> 00:08:53,559 Speaker 1: nearly three thousand dollars in book proceeds a looted to 163 00:08:53,720 --> 00:08:58,720 Speaker 1: retired porn star and former client Stormy Daniels. Avanatti, acting 164 00:08:58,760 --> 00:09:01,040 Speaker 1: as his own attorney, says he hasn't decided yet if 165 00:09:01,080 --> 00:09:03,959 Speaker 1: he will testify from time to time. You know, I 166 00:09:04,120 --> 00:09:06,400 Speaker 1: examined whatever this is in and whatever this is not, 167 00:09:06,880 --> 00:09:09,880 Speaker 1: and uh what the government has proven and what they haven't, 168 00:09:09,920 --> 00:09:13,240 Speaker 1: and it's been ultimately under the decision. Attorney Michael Evanadi 169 00:09:13,280 --> 00:09:16,320 Speaker 1: says he didn't do any of the misteeds the government 170 00:09:16,400 --> 00:09:20,080 Speaker 1: alleges in the trial. New York Attorney General Letitia James 171 00:09:20,160 --> 00:09:23,600 Speaker 1: had Donald Trump's call for his supporters to protest against 172 00:09:23,720 --> 00:09:27,440 Speaker 1: prosecutors was unethical and dangerous. James is proving Trump's real 173 00:09:27,559 --> 00:09:32,200 Speaker 1: estate empire. Justice Stephen Bryan's retirement announcement prompted President Biden 174 00:09:32,240 --> 00:09:34,760 Speaker 1: to make good on his campaign promise to name a 175 00:09:34,880 --> 00:09:38,319 Speaker 1: black woman to the nation's highest court. White House spokesperson 176 00:09:38,520 --> 00:09:42,320 Speaker 1: Jen Psaki pointed out that two Republican presidents were first 177 00:09:42,480 --> 00:09:46,440 Speaker 1: in being specific in their justice searches. President Reagan promised 178 00:09:46,480 --> 00:09:48,559 Speaker 1: the country he would nominate the country's first woman to 179 00:09:48,600 --> 00:09:51,240 Speaker 1: serve on the court, and he did so. Former President 180 00:09:51,280 --> 00:09:54,040 Speaker 1: Trump also promised to choose a woman just over a 181 00:09:54,120 --> 00:09:56,719 Speaker 1: year ago, and there was no such complaint from the 182 00:09:56,800 --> 00:09:59,600 Speaker 1: voices on the right who are speaking out now. Spokesperson 183 00:09:59,679 --> 00:10:01,839 Speaker 1: Gent's Monkey Global News twenty four hours a day on 184 00:10:01,920 --> 00:10:04,200 Speaker 1: aerand on Bloomberg Quicktake power by more than the twenty 185 00:10:04,240 --> 00:10:06,800 Speaker 1: seven hundred journalists and analysts, more than a hundred twenty countries. 186 00:10:07,040 --> 00:10:14,120 Speaker 1: Michael Barr, This is Bloomberg Naked. Thanks Michael almost six 187 00:10:14,160 --> 00:10:16,199 Speaker 1: ten on All Street Time for the Bloomberg Sports Update 188 00:10:16,240 --> 00:10:18,280 Speaker 1: with John stash Ower. Thanks. Nathan Nicks. Just had a 189 00:10:18,320 --> 00:10:20,440 Speaker 1: tough three game road trip, lost all three. They've got 190 00:10:20,480 --> 00:10:23,040 Speaker 1: a five game West Coast trip starting this weekend, in 191 00:10:23,200 --> 00:10:25,600 Speaker 1: between a couple of home games and a rare easy 192 00:10:25,720 --> 00:10:28,520 Speaker 1: win at the Garden one sixteen ninety six over Sacramento 193 00:10:28,600 --> 00:10:31,319 Speaker 1: has lost seven straight. Alec Burks twenty one points. Evan 194 00:10:31,360 --> 00:10:33,080 Speaker 1: four Yer got the Knicks go when he had fourteen 195 00:10:33,120 --> 00:10:35,280 Speaker 1: in the first quarter. It'll be tough for tomorrow against 196 00:10:35,360 --> 00:10:38,520 Speaker 1: John Morant and Memphis. Morand scored thirty seven. Last night, Grizzlies, 197 00:10:38,559 --> 00:10:41,839 Speaker 1: though lost in overtime at Philadelphia. Celtics beat the Heat 198 00:10:41,880 --> 00:10:44,680 Speaker 1: by twenty Warriors one. In Houston. Steph Curry scored forty. 199 00:10:45,080 --> 00:10:46,640 Speaker 1: He had twenty one on the fourth quarter of the 200 00:10:46,720 --> 00:10:49,360 Speaker 1: nith the Nets play in Phoenix. Tonight, Devils blew a 201 00:10:49,440 --> 00:10:52,240 Speaker 1: four to third period League lost in Toronto six four. 202 00:10:52,480 --> 00:10:54,520 Speaker 1: Austin Matthews had the hat trick for the Leaves. Tom 203 00:10:54,559 --> 00:10:57,480 Speaker 1: Brady said last night he may retire, he may not, 204 00:10:57,720 --> 00:11:00,480 Speaker 1: but on his podcast, He insisted that this has not 205 00:11:00,720 --> 00:11:03,400 Speaker 1: yet been made. Brady said he was enjoined a quiet 206 00:11:03,400 --> 00:11:06,040 Speaker 1: weekend until his phone blew up with the ESPN report 207 00:11:06,080 --> 00:11:09,040 Speaker 1: on Saturday that his career was over. Brian day Ball 208 00:11:09,120 --> 00:11:11,800 Speaker 1: introduced as the Giants twenty head coach. He got high 209 00:11:11,840 --> 00:11:14,559 Speaker 1: marks for his work with Josh Allen and Buffalo. His 210 00:11:14,679 --> 00:11:19,720 Speaker 1: new quarterback is Daniel Jones. We're not gonna make any predictions, 211 00:11:19,800 --> 00:11:21,840 Speaker 1: and I wouldn't do that to Daniel or really anything. 212 00:11:21,920 --> 00:11:23,840 Speaker 1: I don't think that's fair to compare him to another 213 00:11:23,880 --> 00:11:26,760 Speaker 1: guy that I was working with. Um, you know, he's 214 00:11:26,880 --> 00:11:29,120 Speaker 1: he's himself. We're gonna find out what he does well. 215 00:11:29,160 --> 00:11:31,400 Speaker 1: We're gonna try to implement a system that suits him, 216 00:11:32,080 --> 00:11:33,839 Speaker 1: and then it's our job to bring pieces in that 217 00:11:33,960 --> 00:11:36,000 Speaker 1: help him to be the best version of himself and 218 00:11:36,040 --> 00:11:37,880 Speaker 1: the best quarterback for us. And Table said he was 219 00:11:37,920 --> 00:11:41,080 Speaker 1: impressed Jones venture through Saturday's snowstorm to work out. Reportedly, 220 00:11:41,120 --> 00:11:44,200 Speaker 1: they Ball bringing offensive line coach Bobby Johnson with him 221 00:11:44,240 --> 00:11:47,960 Speaker 1: from Buffalo, and Patrick Graham will likely continue as defensive 222 00:11:48,040 --> 00:11:51,160 Speaker 1: cording here John stash Atware Bloomberg Sports even all right, 223 00:11:51,240 --> 00:11:54,360 Speaker 1: John thanks SMP Futures down down three points Stow futures 224 00:11:54,440 --> 00:11:59,079 Speaker 1: down to nanstack futures little change ten. Your treasury have 225 00:11:59,160 --> 00:12:03,840 Speaker 1: five thirty seconds fyield one point seven. This is Bloomberg 226 00:12:07,800 --> 00:12:10,200 Speaker 1: Bloomberg eleven three oh. Weather clouds will increase today. We'll 227 00:12:10,200 --> 00:12:12,439 Speaker 1: get up to the mid thirties, low forties under a 228 00:12:12,480 --> 00:12:15,319 Speaker 1: cloudy sky tomorrow afternoon rain by Thursday with a high 229 00:12:15,320 --> 00:12:19,280 Speaker 1: in near fifty currently three and clear skies in central 230 00:12:19,320 --> 00:12:25,040 Speaker 1: Park markets. Headlines and breaking news twenty four hours a 231 00:12:25,120 --> 00:12:28,079 Speaker 1: day at Bloomberg dot com, lu Bloomberg Business at and 232 00:12:28,280 --> 00:12:38,199 Speaker 1: at Bloomberg Quicktape is a Bloomberg Business flash and I'm 233 00:12:38,240 --> 00:12:41,120 Speaker 1: camerin Moscow. This update brought to you by Interactive Brokers 234 00:12:41,160 --> 00:12:44,240 Speaker 1: Global Analysts. Global Analysts helps you find you global investment 235 00:12:44,320 --> 00:12:48,640 Speaker 1: opportunities to diversify your portfolio and discover undervalued companies. Try 236 00:12:48,679 --> 00:12:51,120 Speaker 1: Global Analysts today at I v k R dot com 237 00:12:51,240 --> 00:12:54,240 Speaker 1: slash g A. We are getting some earnings this morning, 238 00:12:54,280 --> 00:12:57,880 Speaker 1: hearing from ups. It benefited from higher prices and rising 239 00:12:57,960 --> 00:13:01,679 Speaker 1: holiday deliveries to post fit that beat analysts estimates. It's 240 00:13:01,720 --> 00:13:05,520 Speaker 1: financial targets for the year also topped expectations, and we 241 00:13:05,600 --> 00:13:07,560 Speaker 1: do have a busy day for earnings. Today will also 242 00:13:07,600 --> 00:13:10,240 Speaker 1: be hearing from Google parent Alphabet, along with ex On 243 00:13:10,320 --> 00:13:13,680 Speaker 1: Mobile GM and Starbucks, just to name a few. Futures 244 00:13:13,720 --> 00:13:16,400 Speaker 1: are lower this morning. SMP futures down eight points and 245 00:13:16,440 --> 00:13:19,240 Speaker 1: down features down twenty seven, NOWS day futures down twenty 246 00:13:19,320 --> 00:13:22,120 Speaker 1: six The decks in Germany's up one point one percent 247 00:13:22,440 --> 00:13:24,800 Speaker 1: ten Your treasury up five thirty seconds, yield one point 248 00:13:24,880 --> 00:13:27,079 Speaker 1: seven five percent. The yield on the two year one 249 00:13:27,120 --> 00:13:29,839 Speaker 1: point one five percent. Now i'm x screwede oil is 250 00:13:29,920 --> 00:13:31,720 Speaker 1: down a tenth of upper cent or ten cents at 251 00:13:31,760 --> 00:13:34,320 Speaker 1: eighty eight dollars six cents of barrel comes gold up 252 00:13:34,360 --> 00:13:36,720 Speaker 1: seven tenths percent or twelve dollars at eighteen o eight 253 00:13:36,880 --> 00:13:39,679 Speaker 1: forty announce. The euro one point one two six four 254 00:13:39,679 --> 00:13:42,199 Speaker 1: against the dollar British found one point three five oh one. 255 00:13:42,520 --> 00:13:45,840 Speaker 1: The ens at one fourteen point six nine Bitcoin this morning, 256 00:13:45,880 --> 00:13:48,840 Speaker 1: moving lower at thirty eight thousand and three hundred seventy dollars, 257 00:13:49,120 --> 00:13:51,440 Speaker 1: and as a Bloomberg Business flash down, Here's Michael Barr 258 00:13:51,520 --> 00:13:53,680 Speaker 1: with more on what's going on around the world. Michael, 259 00:13:54,600 --> 00:13:58,080 Speaker 1: thank you very much. Karen. Senators negotiating a sanctions package 260 00:13:58,120 --> 00:14:02,680 Speaker 1: intended to deter Russian invasion of Ukraine, said they're optimistic 261 00:14:02,880 --> 00:14:06,120 Speaker 1: they'll resolve lingering disagreements and strike a deal. This week, 262 00:14:06,520 --> 00:14:09,440 Speaker 1: email Russia accused the West of whipping up tensions over 263 00:14:09,600 --> 00:14:13,160 Speaker 1: Ukraine and sent the US had brought pure Nazis to 264 00:14:13,240 --> 00:14:16,400 Speaker 1: power in Kiev. U S regulators has said to be 265 00:14:16,520 --> 00:14:20,400 Speaker 1: urging drugmaker Fiser to apply for emergency authorization for a 266 00:14:20,480 --> 00:14:24,440 Speaker 1: two dose regiment regime regime regiment reather of its COVID 267 00:14:24,520 --> 00:14:28,200 Speaker 1: nineteen vaccine for children six months to five years old. 268 00:14:28,720 --> 00:14:31,200 Speaker 1: The Biden administration aims to clear the wave for the 269 00:14:31,280 --> 00:14:34,120 Speaker 1: shots as soon as late February. In the NBA, The 270 00:14:34,200 --> 00:14:37,320 Speaker 1: Knick Celtics and Warriors One in the NHL, The Devil's Lost. 271 00:14:37,560 --> 00:14:39,960 Speaker 1: Global News twenty four hours a day on air and 272 00:14:40,120 --> 00:14:43,360 Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred 273 00:14:43,400 --> 00:14:45,960 Speaker 1: journalists and analysts more than a hundred twenty countries. I'm 274 00:14:46,000 --> 00:14:48,720 Speaker 1: Michael Barr, and this is Bloomberg. Nathan all right, Michael, Thanks, 275 00:14:48,800 --> 00:14:50,960 Speaker 1: it's coming up to six twenty on Wall Street Live 276 00:14:50,960 --> 00:14:54,400 Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, 277 00:14:54,520 --> 00:14:57,400 Speaker 1: and ben Leyler joins US Now Global Market strategist at 278 00:14:57,440 --> 00:15:00,440 Speaker 1: E Toro. As we get set for the eighty month 279 00:15:00,480 --> 00:15:02,880 Speaker 1: of February. But before we do, Ben, I gotta ask 280 00:15:03,000 --> 00:15:07,040 Speaker 1: what your take is on all the volatility we saw 281 00:15:07,640 --> 00:15:09,480 Speaker 1: in the month of January. Where do you think drove it? 282 00:15:11,520 --> 00:15:13,040 Speaker 1: I think we had a sort of triple whammy. I 283 00:15:13,120 --> 00:15:15,920 Speaker 1: think the big one was obviously the repricing of the 284 00:15:16,000 --> 00:15:18,640 Speaker 1: FED when now looking for five pikes this year, we 285 00:15:18,760 --> 00:15:21,320 Speaker 1: had a let's call it a mixed earning season so far. 286 00:15:22,080 --> 00:15:24,720 Speaker 1: I think we end up fine there, but it's certainly 287 00:15:24,720 --> 00:15:26,360 Speaker 1: been mixed so far. And then you know the icing 288 00:15:26,400 --> 00:15:29,000 Speaker 1: on the cape just a political risk Russia Ukraine. I 289 00:15:29,120 --> 00:15:31,400 Speaker 1: think you know that was a pretty toxic mix for 290 00:15:31,600 --> 00:15:34,320 Speaker 1: for January. What I would say though, is history shows you, 291 00:15:34,480 --> 00:15:36,720 Speaker 1: you know, week January doesn't make a week year. And 292 00:15:38,760 --> 00:15:40,840 Speaker 1: again I think we have sort of pretty clear line 293 00:15:40,840 --> 00:15:44,400 Speaker 1: of sight to a decent full year return here. What 294 00:15:44,600 --> 00:15:46,400 Speaker 1: has that decent line of sight in view for you? 295 00:15:48,600 --> 00:15:51,000 Speaker 1: So I think we've priced an awful lot of the 296 00:15:51,040 --> 00:15:53,720 Speaker 1: FED here. We've basically gone from expecting dera hikes the 297 00:15:53,800 --> 00:15:55,680 Speaker 1: five hikes in the last sort of three four months 298 00:15:56,400 --> 00:16:00,440 Speaker 1: earning season. You know, earnings are up, We're beating expects nations, 299 00:16:00,720 --> 00:16:03,440 Speaker 1: and those earning number are actually twice as good in 300 00:16:03,520 --> 00:16:05,560 Speaker 1: the in the rest of the world. Evaluations for the 301 00:16:05,680 --> 00:16:07,800 Speaker 1: SMP now less than twenty times. And I think they're 302 00:16:07,880 --> 00:16:10,360 Speaker 1: very well supported by the sort of near record corporate 303 00:16:10,400 --> 00:16:13,360 Speaker 1: profitability in these still low bond deals. And and the 304 00:16:13,440 --> 00:16:15,680 Speaker 1: sort of short term indicator is just I think investor 305 00:16:15,720 --> 00:16:18,600 Speaker 1: sentiment collapse. Um, you've seen that in the vix, You've 306 00:16:18,640 --> 00:16:21,160 Speaker 1: seen that in sort of put care ratios, I mean, 307 00:16:21,360 --> 00:16:24,400 Speaker 1: in just in various indicators. And that's a very strong, 308 00:16:24,520 --> 00:16:27,800 Speaker 1: sort of near term sort of contrarian by indicators. So 309 00:16:28,160 --> 00:16:30,160 Speaker 1: as I say, I think, you know, we have sort 310 00:16:30,160 --> 00:16:32,560 Speaker 1: of pretty clear double digit upside into the year, into 311 00:16:32,600 --> 00:16:34,640 Speaker 1: the end of the year. From here, what does the 312 00:16:34,720 --> 00:16:37,320 Speaker 1: environment look like to you? Though? As we get closer 313 00:16:37,480 --> 00:16:39,880 Speaker 1: to the March rate decision from the Fed, there's a 314 00:16:40,000 --> 00:16:43,240 Speaker 1: lot of the speculation, a lot of wonder whether we're 315 00:16:43,240 --> 00:16:46,080 Speaker 1: going to see more than a twenty five basis point 316 00:16:46,200 --> 00:16:48,920 Speaker 1: hike in the month of March. Does that add more 317 00:16:49,120 --> 00:16:53,160 Speaker 1: volatility in the short term? Yeah, markets hate uncertainty, and 318 00:16:53,200 --> 00:16:55,520 Speaker 1: this is definitely going to be a sort of low return, 319 00:16:56,320 --> 00:16:59,120 Speaker 1: more volatile year. I mean, this is definitely a transition year. 320 00:16:59,160 --> 00:17:01,640 Speaker 1: Interest rates our growing up. We haven't seen that for 321 00:17:01,680 --> 00:17:04,440 Speaker 1: a long time. Growth is gonna slow, and and the 322 00:17:04,520 --> 00:17:07,359 Speaker 1: volatility I think you're seeing in markets are absolutely reflecting that. 323 00:17:07,440 --> 00:17:09,040 Speaker 1: But I don't think that's going to go away overnight. 324 00:17:09,560 --> 00:17:11,920 Speaker 1: But you know that's again let's focus on the fundamentals. 325 00:17:11,960 --> 00:17:15,040 Speaker 1: We've priced a lot of these fed expectations already. Earnings 326 00:17:15,080 --> 00:17:18,280 Speaker 1: are still very strong, Valuations are ten percent better than 327 00:17:18,280 --> 00:17:20,800 Speaker 1: they were a month ago. And and as I say, 328 00:17:20,880 --> 00:17:23,080 Speaker 1: you've got this collapse sentiment which is maybe giving you 329 00:17:23,240 --> 00:17:26,879 Speaker 1: a sort of an interesting entry opportunity. Where are you 330 00:17:26,960 --> 00:17:32,240 Speaker 1: seeing the strongest earnings potential right now? So you know, 331 00:17:32,320 --> 00:17:34,760 Speaker 1: this is still a world where growth is pretty strong. 332 00:17:35,280 --> 00:17:37,080 Speaker 1: You know, GDP grows in the US this year will 333 00:17:37,119 --> 00:17:39,080 Speaker 1: be nearly twice long term marverage levels, and the same 334 00:17:39,119 --> 00:17:41,359 Speaker 1: guys globally. So we're looking at the people that have 335 00:17:41,440 --> 00:17:43,680 Speaker 1: the most exposure to that, and that's really sort of 336 00:17:43,680 --> 00:17:47,880 Speaker 1: your cyclicals. I mean, that's that's energy, that's commodities, that's industrials. Um, 337 00:17:48,119 --> 00:17:49,760 Speaker 1: you know, maybe some of the financials as well. I 338 00:17:49,840 --> 00:17:52,119 Speaker 1: mean I think that's where, um, you know, the earning 339 00:17:52,160 --> 00:17:55,879 Speaker 1: surprises are going to keep coming from we're saying treasury 340 00:17:55,960 --> 00:17:58,720 Speaker 1: yields kind of holding steady right now, what impact could 341 00:17:59,400 --> 00:18:03,320 Speaker 1: fix thing potential volatility in the treasury market have on stocks? 342 00:18:05,400 --> 00:18:06,720 Speaker 1: So so I think it does two things. So I 343 00:18:06,760 --> 00:18:09,600 Speaker 1: think one, it definitely pressures valuations UM, and we've we've 344 00:18:09,640 --> 00:18:11,760 Speaker 1: seen that this year, These higher long term bond yields 345 00:18:11,800 --> 00:18:14,240 Speaker 1: definitely pressure valuations so lower, and I think that remains 346 00:18:14,280 --> 00:18:18,280 Speaker 1: sort of a risk for market. UM evaluations definitely sort 347 00:18:18,320 --> 00:18:20,520 Speaker 1: of high by historical standards. I think they're well supported, 348 00:18:20,600 --> 00:18:22,240 Speaker 1: but I think you know, they could come lower, and 349 00:18:22,280 --> 00:18:24,600 Speaker 1: the offset to that is the growth numbers, which I 350 00:18:24,640 --> 00:18:26,840 Speaker 1: think you know, continue to deliver. I think the second 351 00:18:26,880 --> 00:18:29,879 Speaker 1: impact is the sort of sector rotation UM. You know, 352 00:18:29,960 --> 00:18:32,840 Speaker 1: some sectors like financials you do very well under a 353 00:18:32,880 --> 00:18:35,920 Speaker 1: higher bond yield environment UM, and the other sectors, like 354 00:18:36,040 --> 00:18:38,320 Speaker 1: you know, technology, it's definitely a head wind to to 355 00:18:38,560 --> 00:18:40,480 Speaker 1: their high valuation. So I think those are the two impact. 356 00:18:40,560 --> 00:18:43,840 Speaker 1: Lower overall valuations and the sort of big rotation sort 357 00:18:43,880 --> 00:18:46,480 Speaker 1: of out of growth into value which which we've been seeing. 358 00:18:46,520 --> 00:18:49,680 Speaker 1: And if bond deals keep moving higher and I think continuous, well, 359 00:18:49,840 --> 00:18:52,119 Speaker 1: they have about thirty seconds left here, Ben, But is 360 00:18:52,160 --> 00:18:55,440 Speaker 1: there a risk of a more hawk is Fed affecting 361 00:18:55,680 --> 00:19:00,560 Speaker 1: the growth picture for the economy. Yeah, absolutely, Uh. You 362 00:19:00,600 --> 00:19:02,320 Speaker 1: know I always say, you know, history says you buy 363 00:19:02,359 --> 00:19:06,359 Speaker 1: corrections unless you're going into recession, and that is obviously 364 00:19:06,400 --> 00:19:08,080 Speaker 1: you know, the risk here is the FED makes mistakes 365 00:19:08,160 --> 00:19:10,520 Speaker 1: they like too much the economy, you know, a weekends 366 00:19:10,560 --> 00:19:12,240 Speaker 1: and you just sort of watch the yolk of you know, 367 00:19:12,320 --> 00:19:14,760 Speaker 1: ten years minus three months. If that goes negative, we 368 00:19:14,800 --> 00:19:16,840 Speaker 1: know that's your best indicator recession. We're a long way 369 00:19:16,840 --> 00:19:19,360 Speaker 1: from that at this point. Thanks for this, Ben, good 370 00:19:19,359 --> 00:19:22,040 Speaker 1: having you on. Ben Laidler, global markets strategist at E 371 00:19:22,240 --> 00:19:26,080 Speaker 1: Toro with us this morning, the first morning of February. 372 00:19:26,359 --> 00:19:30,639 Speaker 1: As we're watching a little bit of shaky action for 373 00:19:31,040 --> 00:19:34,240 Speaker 1: futures right now. They've been swinging a bit between games 374 00:19:34,280 --> 00:19:37,560 Speaker 1: and losses. Right now slightly lower with SMP futures down 375 00:19:37,640 --> 00:19:40,840 Speaker 1: nine point, Staff futures down thirty nine, Nasdaq futures lower 376 00:19:41,119 --> 00:19:44,240 Speaker 1: by twenty seven points at the moment. Seeing some pretty 377 00:19:44,320 --> 00:19:47,920 Speaker 1: uh significant strength in European stocks this morning, with the 378 00:19:48,040 --> 00:19:50,800 Speaker 1: Dacks up one point one percent, so is the cat 379 00:19:50,880 --> 00:19:54,399 Speaker 1: in Paris. The tenure treasury right now up six thirty seconds. 380 00:19:54,440 --> 00:19:57,240 Speaker 1: The yield one point seven five percent on the tenure note, 381 00:19:57,480 --> 00:19:59,920 Speaker 1: yield on the two year one point one five percent. 382 00:20:00,680 --> 00:20:08,840 Speaker 1: You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather 383 00:20:08,880 --> 00:20:13,200 Speaker 1: increasing clouds mid thirties today, cloudy, low forties tomorrow afternoon, 384 00:20:13,320 --> 00:20:16,560 Speaker 1: rain possible by Thursday. Milder with a higher fifty degree 385 00:20:16,640 --> 00:20:23,160 Speaker 1: is currently twenty three degrees in Central Park. Broadcasting live 386 00:20:23,359 --> 00:20:27,280 Speaker 1: from the Bloomberg Interactive Broker Studio in New York. Bloomberg 387 00:20:27,280 --> 00:20:31,359 Speaker 1: E Living Freedom to Washington, d C, Bloomberg one to Boston, 388 00:20:31,480 --> 00:20:34,879 Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg N 389 00:20:34,960 --> 00:20:38,200 Speaker 1: sixty to the Country, Sirius XM Chado one nine and 390 00:20:38,320 --> 00:20:41,640 Speaker 1: around the globe the Bloomberg Business app and Bloomberg Radio 391 00:20:41,800 --> 00:20:51,040 Speaker 1: dot Com. This is Bloomberg Daybreak. It's six thirty on 392 00:20:51,080 --> 00:20:54,119 Speaker 1: Wall Street. Good morning, I'm Nathan Hagar and I'm Karen Moscow. 393 00:20:54,200 --> 00:20:56,320 Speaker 1: When we're just about three hours away from the open 394 00:20:56,359 --> 00:20:58,760 Speaker 1: of US trading, it's time for the five things you 395 00:20:58,840 --> 00:21:00,919 Speaker 1: need to notice. Start your a brought to you by 396 00:21:01,080 --> 00:21:04,520 Speaker 1: Interactive Brokers Trade Crypto for less coin with commissions just 397 00:21:04,600 --> 00:21:07,480 Speaker 1: twelve to eighteen basis points and no hidden spreads or markups. 398 00:21:07,600 --> 00:21:11,640 Speaker 1: Learn more at ibkr dot com. Slash Crypto first US 399 00:21:11,720 --> 00:21:13,840 Speaker 1: futures are lower to begin the new month. The S 400 00:21:13,920 --> 00:21:16,080 Speaker 1: and P five hearted is coming off a two day rally, 401 00:21:16,359 --> 00:21:18,760 Speaker 1: but January was still the worst monthly low since the 402 00:21:18,880 --> 00:21:21,680 Speaker 1: depths of the pandemic. Tech has been hit hardest, and 403 00:21:21,840 --> 00:21:25,399 Speaker 1: some money managers say it's a buying opportunity. Sarah Hunted 404 00:21:25,440 --> 00:21:28,719 Speaker 1: Alpine was Capital says ship makers are a particular bargain 405 00:21:28,880 --> 00:21:31,600 Speaker 1: right now. You've got some fifteen times earning stocks and 406 00:21:31,680 --> 00:21:33,760 Speaker 1: some of the ship makers who've got some of the 407 00:21:33,800 --> 00:21:36,080 Speaker 1: ship equipment makers that are cheaper now too than they 408 00:21:36,080 --> 00:21:38,240 Speaker 1: were before. And I think that there's some real growth 409 00:21:38,320 --> 00:21:40,880 Speaker 1: ahead because you're going to continue to move where we're 410 00:21:40,880 --> 00:21:43,120 Speaker 1: making semi conductors. So I think that there's a long 411 00:21:43,240 --> 00:21:44,960 Speaker 1: runway for some of these stocks to grow, and I 412 00:21:45,040 --> 00:21:47,080 Speaker 1: think that that is what people are going to be 413 00:21:47,160 --> 00:21:50,199 Speaker 1: looking for as we go forward. Overall, Sarah Hunted Alpine 414 00:21:50,240 --> 00:21:53,280 Speaker 1: would sees the tech sector bouncing back from these levels 415 00:21:53,400 --> 00:21:56,920 Speaker 1: well when it comes to traditional diversified portfolios. Karen January 416 00:21:57,000 --> 00:22:00,000 Speaker 1: hidden investors pretty hard. Let's get more live from Bloomberg. 417 00:22:00,080 --> 00:22:02,840 Speaker 1: Trinita Young, good morning, Grenita, Good morning, Nathan. The sixty 418 00:22:02,920 --> 00:22:06,600 Speaker 1: forty portfolio suffered its worst monthly laws since the start 419 00:22:06,640 --> 00:22:09,760 Speaker 1: of the pandemic. The Bloomberg sixty index, which is the 420 00:22:09,800 --> 00:22:13,600 Speaker 1: split between equities and bonds, dropped four point to percent 421 00:22:13,800 --> 00:22:17,920 Speaker 1: in January. Equity and bond prices saw sharp declines last 422 00:22:18,000 --> 00:22:21,000 Speaker 1: month as markets priced in faster rate hikes from the Fed. 423 00:22:21,440 --> 00:22:23,600 Speaker 1: And now it's all about how far the fit Titans 424 00:22:23,680 --> 00:22:27,359 Speaker 1: policy and how much inflation growth and corporate earnings slow 425 00:22:27,560 --> 00:22:30,320 Speaker 1: as a result. Live in New York. I'm gonna need 426 00:22:30,359 --> 00:22:32,399 Speaker 1: a Young Bloomberg daybreak. I need to thank you on 427 00:22:32,440 --> 00:22:35,320 Speaker 1: the earnings round. Alphabet, GM and Extron Mobile are among 428 00:22:35,480 --> 00:22:37,800 Speaker 1: two dozen companies in the S and P five hundred 429 00:22:37,840 --> 00:22:41,080 Speaker 1: reporting today and eure up. Shares of ubs are up 430 00:22:41,560 --> 00:22:44,320 Speaker 1: more than seven per cent. The Swiss Bank boosted at 431 00:22:44,359 --> 00:22:48,080 Speaker 1: stock buyback program after reporting earnings that topped estimates across 432 00:22:48,119 --> 00:22:50,200 Speaker 1: the pond. Today, care and It's all about politics. UK 433 00:22:50,359 --> 00:22:53,000 Speaker 1: Prime Minister Boris Johnson is again under fire from members 434 00:22:53,040 --> 00:22:55,560 Speaker 1: of his own Conservative Party are reported to partying at 435 00:22:55,600 --> 00:22:58,440 Speaker 1: Downing Street during lockdowns. Is taking him at failures of 436 00:22:58,560 --> 00:23:01,040 Speaker 1: leadership at the top of John's in his government and 437 00:23:01,119 --> 00:23:03,760 Speaker 1: in corporate news. The New York Times is buying Wordal. 438 00:23:03,920 --> 00:23:06,280 Speaker 1: Wordal is a word guessing game that's how a meteoric 439 00:23:06,480 --> 00:23:09,399 Speaker 1: rise online. The game is that millions of daily users 440 00:23:09,480 --> 00:23:11,159 Speaker 1: and it's part of the New York Times plan to 441 00:23:11,240 --> 00:23:14,720 Speaker 1: increase digital subscriptions. The sale price was not disclosed, but 442 00:23:14,760 --> 00:23:17,280 Speaker 1: the Time says it was in the low seven figures. 443 00:23:17,640 --> 00:23:19,640 Speaker 1: And as the five things you need to notice start 444 00:23:19,680 --> 00:23:23,360 Speaker 1: your day brought to you by Interactive Brokers, and futures 445 00:23:23,359 --> 00:23:26,320 Speaker 1: are lower. SNP Future is down nine points. This morning 446 00:23:26,440 --> 00:23:30,240 Speaker 1: straight Ahead, your latest local headlines plus the check of Sports. 447 00:23:30,800 --> 00:23:39,560 Speaker 1: And this is Bloomberg. It's scaring six three on Wall 448 00:23:39,600 --> 00:23:42,199 Speaker 1: Street degrees in Central Park. Got a crash on an 449 00:23:42,240 --> 00:23:45,680 Speaker 1: eastbound belt park Wave Springfield Boulevard, causing delay. Is getting 450 00:23:45,680 --> 00:23:47,760 Speaker 1: to Jeff care for. Michael Bars here with more on 451 00:23:47,840 --> 00:23:49,640 Speaker 1: what's going on in New York and around the world. 452 00:23:49,680 --> 00:23:52,720 Speaker 1: Good morning, Michael, Good morning Nathan. New York's masks Man 453 00:23:52,880 --> 00:23:55,879 Speaker 1: Day will remain in effect while the state appeals ruling 454 00:23:56,119 --> 00:23:59,560 Speaker 1: from a lower court judge overturning it. The decision from 455 00:23:59,560 --> 00:24:03,240 Speaker 1: an a panel of judges follows an appeals court judges 456 00:24:03,320 --> 00:24:06,760 Speaker 1: decision last week temporarily restoring it the day after the 457 00:24:06,840 --> 00:24:12,400 Speaker 1: initial ruling overturning it. The state's Health commissioner has reinstated 458 00:24:12,480 --> 00:24:15,880 Speaker 1: the mass mandate. It was in place in mid December. 459 00:24:15,960 --> 00:24:19,480 Speaker 1: It's now been extended to February tenth. New York City 460 00:24:19,520 --> 00:24:23,960 Speaker 1: Mayor Eric Adams announced three veteran environmental policymakers to lead 461 00:24:24,080 --> 00:24:27,119 Speaker 1: climate policy for the city and focus on what he 462 00:24:27,240 --> 00:24:32,080 Speaker 1: called climate justice. There's also a challenge that people ignore. 463 00:24:32,800 --> 00:24:37,520 Speaker 1: We ignore as we built out our economy and built 464 00:24:37,560 --> 00:24:40,600 Speaker 1: out new jobs, we are leave in too many New 465 00:24:40,720 --> 00:24:44,280 Speaker 1: York is behind. Adams pointed to the need to address 466 00:24:44,359 --> 00:24:48,040 Speaker 1: recent extreme weather events and rising sea levels, and to 467 00:24:48,200 --> 00:24:50,880 Speaker 1: do so in a way that takes into account people 468 00:24:50,920 --> 00:24:55,200 Speaker 1: of color and low income communities. Russian Foreign Minister Sergei 469 00:24:55,280 --> 00:24:58,119 Speaker 1: Lavrov in U S Secretary of State Anthony B. Lincoln 470 00:24:58,440 --> 00:25:02,040 Speaker 1: will speak by phone today. As diplomatic efforts continue to 471 00:25:02,119 --> 00:25:05,960 Speaker 1: produce tensions over Ukraine. The U N. Security Council held 472 00:25:06,000 --> 00:25:09,720 Speaker 1: a stormy debate yesterday on Moscow's troop build up near 473 00:25:09,880 --> 00:25:15,280 Speaker 1: Ukraine's border. US Ambassador Linda Thomas Greenfield says that Russia's 474 00:25:15,280 --> 00:25:18,720 Speaker 1: growing military force more than one hundred thousand troops along 475 00:25:18,880 --> 00:25:23,040 Speaker 1: Ukraine's borders was the largest mobilization in Europe in decades. 476 00:25:23,400 --> 00:25:26,720 Speaker 1: President Biden. The date in the United Nations, We've laid 477 00:25:26,760 --> 00:25:30,880 Speaker 1: out the full nature of Russia's threat to Ukraine's sovereignty 478 00:25:30,960 --> 00:25:34,520 Speaker 1: and the territorial integrity of Ukraine, as well as the 479 00:25:35,040 --> 00:25:38,760 Speaker 1: core tenants of a rural based international order, President Biden. 480 00:25:39,119 --> 00:25:43,000 Speaker 1: Michael Abanati has wavered on whether he plans to take 481 00:25:43,080 --> 00:25:45,560 Speaker 1: the witness stand in his own defense at a fraud 482 00:25:45,600 --> 00:25:48,240 Speaker 1: trial in which he is accused of stealing three hundred 483 00:25:48,280 --> 00:25:52,400 Speaker 1: thousand dollars in book proceeds from porn actor Stormy Daniels. 484 00:25:52,680 --> 00:25:55,920 Speaker 1: Vanadi is acting as his own attorney. I am completely 485 00:25:55,960 --> 00:25:58,160 Speaker 1: innocent of these charges that I hope the jury sees 486 00:25:58,240 --> 00:26:00,800 Speaker 1: it that way. The government rested its case against Nevan 487 00:26:00,840 --> 00:26:03,760 Speaker 1: Naddy and Federal Court in Manhattan. He is expected to 488 00:26:03,800 --> 00:26:06,880 Speaker 1: put on the bulk of his defense case today Global 489 00:26:06,920 --> 00:26:10,520 Speaker 1: News twenty four hours a day and on Bloomberg Quick Take, 490 00:26:10,760 --> 00:26:13,760 Speaker 1: powered by more than twenties seven hundred journalists and analysts 491 00:26:13,840 --> 00:26:16,560 Speaker 1: more than one twenty countries. I'm Michael Barr, and this 492 00:26:16,960 --> 00:26:25,080 Speaker 1: is Bloomberg. Nathan. Thanks, Michael, almost sixty six on Wall Street. 493 00:26:25,080 --> 00:26:27,160 Speaker 1: Time for the Bloomberg Sports Update. Here again it's John 494 00:26:27,200 --> 00:26:29,800 Speaker 1: Sta Max Nathan a rare easy win for the Knicks. 495 00:26:29,880 --> 00:26:33,120 Speaker 1: Not surprising, Sacramentos lost seven row. Knicks outstored the Kings 496 00:26:33,160 --> 00:26:35,200 Speaker 1: in all four quarters and one at the Guarden one 497 00:26:35,280 --> 00:26:38,840 Speaker 1: sixty nine six allec first. Nicks host a much better 498 00:26:38,960 --> 00:26:40,960 Speaker 1: team Memphis tomorrow, then they go back on the road 499 00:26:41,400 --> 00:26:43,639 Speaker 1: for five games. Devil has lost their fifth and row 500 00:26:43,800 --> 00:26:46,560 Speaker 1: six four in Toronto. The hatrick for Austin Matins is 501 00:26:46,600 --> 00:26:49,080 Speaker 1: the least team from four to down of the third period. 502 00:26:49,160 --> 00:26:52,399 Speaker 1: Rangers home tonight for the Florida Panthers and St. John's 503 00:26:52,400 --> 00:26:55,000 Speaker 1: Hoe's Providence was in first place. To the east. Tom 504 00:26:55,040 --> 00:26:57,480 Speaker 1: Brady said he was enjoying a quiet weekend until the 505 00:26:57,800 --> 00:27:00,199 Speaker 1: ESPN report on Saturday that he had this I did 506 00:27:00,280 --> 00:27:02,600 Speaker 1: they retire? It was shot down by his age and 507 00:27:02,680 --> 00:27:05,080 Speaker 1: his father and the Tampa Bay Bucks, and then last 508 00:27:05,119 --> 00:27:07,920 Speaker 1: night by Brady himself on his podcast. I think I 509 00:27:08,000 --> 00:27:10,040 Speaker 1: just saw him gonna take it, and you know, day 510 00:27:10,080 --> 00:27:12,280 Speaker 1: by day it really I'll take it by the moments 511 00:27:12,320 --> 00:27:15,200 Speaker 1: an Instagram when you know, I feel really confident to 512 00:27:15,560 --> 00:27:19,200 Speaker 1: allow people to you know, who I understand my decision 513 00:27:19,240 --> 00:27:22,360 Speaker 1: affects a lot of people's lives. So when that decision comes, 514 00:27:22,400 --> 00:27:23,840 Speaker 1: it will come to He said he's still trying to 515 00:27:23,920 --> 00:27:27,040 Speaker 1: evaluate things. Forty six year old Brian dave All introduced 516 00:27:27,320 --> 00:27:29,600 Speaker 1: as the twenty head coach and the Giants was a 517 00:27:29,680 --> 00:27:31,479 Speaker 1: dream come true. And you're you're talking about the New 518 00:27:31,560 --> 00:27:34,520 Speaker 1: York Giants, and I understand the challenges with that, and um, 519 00:27:34,960 --> 00:27:36,920 Speaker 1: it's just a great opportunity that was afforded to me 520 00:27:37,040 --> 00:27:40,520 Speaker 1: and my family. We look forward to it. You know, 521 00:27:40,600 --> 00:27:42,240 Speaker 1: we've been working here for two days. We got we've 522 00:27:42,240 --> 00:27:45,000 Speaker 1: got a long way to go here, but uh, just 523 00:27:45,160 --> 00:27:48,800 Speaker 1: a historic franchise and uh, I look forward to being 524 00:27:48,880 --> 00:27:51,120 Speaker 1: part of it. Hopes to last longer than his three 525 00:27:51,200 --> 00:27:54,320 Speaker 1: most recent predecessors were all fired during or after their 526 00:27:54,359 --> 00:27:57,040 Speaker 1: second season on the job. His background as an assistant 527 00:27:57,040 --> 00:27:59,159 Speaker 1: impressive part of five Super Bowl when he teams in 528 00:27:59,160 --> 00:28:02,240 Speaker 1: New England and a national championship with Alabama. John's farasually 529 00:28:02,240 --> 00:28:04,840 Speaker 1: I wear bloom Bird scores, they think okay? John Thanks 530 00:28:04,880 --> 00:28:07,040 Speaker 1: sixty seven On Wall Street, time to take a look 531 00:28:07,080 --> 00:28:09,399 Speaker 1: at stock some of the names moving in the pre market. 532 00:28:09,600 --> 00:28:13,120 Speaker 1: Bloomberg Radio and TV Markets correspondent Creedy Gupta is here 533 00:28:13,160 --> 00:28:16,240 Speaker 1: delivering us some earnings. Yeah, good morning, Nathan. We have 534 00:28:16,359 --> 00:28:18,399 Speaker 1: to talk about these earning stories because it's not just 535 00:28:18,640 --> 00:28:21,400 Speaker 1: Tech that is reporting this week. You have UPS coming 536 00:28:21,440 --> 00:28:23,760 Speaker 1: out this morning. A UPS is also the ticker up 537 00:28:23,920 --> 00:28:26,119 Speaker 1: just shy of five percent. It's gonna be after they 538 00:28:26,200 --> 00:28:29,359 Speaker 1: posted some pretty positive earnings benefiting from higher prices and 539 00:28:29,640 --> 00:28:34,000 Speaker 1: rising holiday deliveries to post profit that beat the analyst expectations. 540 00:28:34,080 --> 00:28:37,640 Speaker 1: It's also offset some of that increased pay for seasonal workers. 541 00:28:37,960 --> 00:28:40,400 Speaker 1: It's worth noting, Nathan, UPS is actually known for kind 542 00:28:40,400 --> 00:28:42,880 Speaker 1: of getting ahead of this whole labor situation because they 543 00:28:42,920 --> 00:28:46,080 Speaker 1: offered higher wages relative to their competitors and looks like 544 00:28:46,160 --> 00:28:48,560 Speaker 1: it's paying off. And they were also able to, of course, 545 00:28:48,600 --> 00:28:51,680 Speaker 1: like I said, increase their pricing as well. On top 546 00:28:51,760 --> 00:28:53,600 Speaker 1: of that, the cherry on top, as if you needed 547 00:28:53,680 --> 00:28:56,800 Speaker 1: some more good news from UPS, is that their financial 548 00:28:56,880 --> 00:29:00,160 Speaker 1: targets were also above expectations. So a lot lot of 549 00:29:00,200 --> 00:29:03,160 Speaker 1: good news coming over from that chipping company. Moving on 550 00:29:03,240 --> 00:29:05,080 Speaker 1: to the other earning story this morning, and that of 551 00:29:05,160 --> 00:29:08,720 Speaker 1: course is n XP Semiconductors. N x p I is 552 00:29:08,800 --> 00:29:11,240 Speaker 1: your ticker up eight tenths of a percent. They reported 553 00:29:11,320 --> 00:29:14,320 Speaker 1: last night after the belt. This is the second biggest 554 00:29:14,320 --> 00:29:17,520 Speaker 1: supplier of chips to the automotive industry. We've been talking 555 00:29:17,560 --> 00:29:20,200 Speaker 1: a lot about how those e V makers four GM 556 00:29:20,280 --> 00:29:23,280 Speaker 1: as well have been actively looking to get more and 557 00:29:23,400 --> 00:29:26,160 Speaker 1: more chip supply to help them with that e V boom. Well, 558 00:29:26,320 --> 00:29:28,800 Speaker 1: n XP semi Conductors is the benefit benefactor of that. 559 00:29:28,880 --> 00:29:31,160 Speaker 1: Excuse me, and they gave us pretty strong forecast for 560 00:29:31,200 --> 00:29:34,600 Speaker 1: the current quarter, helped by a flood demand from once 561 00:29:34,640 --> 00:29:37,440 Speaker 1: again those vehicle makers that were desperate for those parts. Nathan, 562 00:29:37,600 --> 00:29:41,360 Speaker 1: and speaking of vehicle bakers, create seeing an analyst move 563 00:29:41,640 --> 00:29:45,840 Speaker 1: on earlier earnings from Tesla. Yes, Tesla having an interesting 564 00:29:45,920 --> 00:29:48,760 Speaker 1: morning because it actually got a really good review over 565 00:29:48,880 --> 00:29:52,280 Speaker 1: at Credit suitees getting upgraded to A by analyst sighting 566 00:29:52,360 --> 00:29:56,160 Speaker 1: valuations and some technical levels saying that their fourteen day rs, I, well, 567 00:29:56,200 --> 00:29:59,240 Speaker 1: it's hit the over sould positions. Of course, follows weeks 568 00:29:59,280 --> 00:30:01,880 Speaker 1: and weeks of se Nevertheless, t s L as your 569 00:30:01,880 --> 00:30:04,280 Speaker 1: takers actually down seven tons of a percent. But I 570 00:30:04,400 --> 00:30:06,880 Speaker 1: wonder how many people are going to read that note 571 00:30:06,920 --> 00:30:09,560 Speaker 1: this morning and turn that position around as soon as 572 00:30:09,560 --> 00:30:12,719 Speaker 1: the opening bells rang. Some more stories actually coming over 573 00:30:12,840 --> 00:30:15,120 Speaker 1: from Carnival as well ce c LS your taker up 574 00:30:15,200 --> 00:30:17,520 Speaker 1: six tons of a percent. The set is extending a 575 00:30:17,600 --> 00:30:21,160 Speaker 1: stock share sale and a share repurchase program, so naturally 576 00:30:21,440 --> 00:30:23,440 Speaker 1: those shares are up higher in the pre market. And 577 00:30:23,560 --> 00:30:25,880 Speaker 1: let's just push ahead, Nathan to what we're gonna hear 578 00:30:25,880 --> 00:30:28,840 Speaker 1: after the BELLT A M D in alphabet, both reporting 579 00:30:29,000 --> 00:30:31,760 Speaker 1: after markets closed today. All right, Bloomberg Radio and TV 580 00:30:31,840 --> 00:30:36,520 Speaker 1: Markets correspondent Crety Gupta staying busy through earning season and 581 00:30:36,720 --> 00:30:39,960 Speaker 1: passing along a red headline that just crossed the Bloomberg terminal. 582 00:30:40,040 --> 00:30:42,280 Speaker 1: A T and T will cut its dividend to a 583 00:30:42,360 --> 00:30:46,040 Speaker 1: dollar eleven a share after it's a spinoff of Warner 584 00:30:46,080 --> 00:30:51,320 Speaker 1: Bidia's business with Discovery. Combining those UH finally closes. UH 585 00:30:51,440 --> 00:30:54,920 Speaker 1: Tesla's I'm sorry A T and T shares, I should say, 586 00:30:55,000 --> 00:30:59,360 Speaker 1: T the Taker. They're down two percent. And black Stone 587 00:30:59,400 --> 00:31:03,960 Speaker 1: Carlisle a Demala joint bid for billion dollar nevardis arm 588 00:31:04,080 --> 00:31:06,800 Speaker 1: that red headlines just across the Bloomberg terminal as well. 589 00:31:07,320 --> 00:31:10,040 Speaker 1: SMP futures right now down nine point, staff futures down 590 00:31:10,080 --> 00:31:14,360 Speaker 1: thirty one, nastack features down twenty six points. Stay with us, 591 00:31:14,640 --> 00:31:23,640 Speaker 1: you're listening to Bloomberg Tap Bloomber eleven three oh. Weather 592 00:31:23,680 --> 00:31:26,560 Speaker 1: clouds increasing today with behind your thirty five degrees clouds, 593 00:31:26,600 --> 00:31:30,520 Speaker 1: little forties tomorrow upper forties to around fifty with afternoon 594 00:31:30,640 --> 00:31:37,840 Speaker 1: rain on Thursday. Currently twenty four in Central Park markets, 595 00:31:37,960 --> 00:31:41,040 Speaker 1: headlines and breaking news twenty four hours a day at 596 00:31:41,080 --> 00:31:44,480 Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg 597 00:31:44,560 --> 00:31:53,600 Speaker 1: Quick Tape. He's a Bloomberg Business flash and I'm fair 598 00:31:53,720 --> 00:31:56,080 Speaker 1: in Moscow and future is moving lower. This morning we 599 00:31:56,160 --> 00:31:58,200 Speaker 1: get to the first Word breaking news desk for today's 600 00:31:58,240 --> 00:32:02,120 Speaker 1: morning call. Here's Bill Maloney, a good morning and good 601 00:32:02,200 --> 00:32:04,640 Speaker 1: morning Karen. Modest losses in the futures right now at 602 00:32:04,640 --> 00:32:07,360 Speaker 1: down futures down fifty four points. Subs dropped through teaen 603 00:32:07,360 --> 00:32:10,000 Speaker 1: well than as that futures are lower by forty two. 604 00:32:10,480 --> 00:32:13,400 Speaker 1: The US ten yield at one point seven five percent, 605 00:32:13,480 --> 00:32:16,680 Speaker 1: Gold is up ten oil is little changed and bitcoin 606 00:32:16,880 --> 00:32:20,280 Speaker 1: is also trading little changed. Europan markets are in the 607 00:32:20,320 --> 00:32:23,400 Speaker 1: green with one percent games across the board and back 608 00:32:23,440 --> 00:32:25,760 Speaker 1: in the US. On the economic front, at ninety five 609 00:32:25,840 --> 00:32:28,440 Speaker 1: manufacturing p m I and at ten o'clock us A 610 00:32:28,520 --> 00:32:33,240 Speaker 1: manufacturing and prices paid regarding earnings this morning, ups Beat 611 00:32:33,400 --> 00:32:36,480 Speaker 1: Estimates is boosting the dividend by forty nine per cent, 612 00:32:36,920 --> 00:32:38,600 Speaker 1: and a deal news A T and T to spin 613 00:32:38,640 --> 00:32:42,400 Speaker 1: off Warner Media and reduce it's dividend. Wrapping things up. 614 00:32:42,440 --> 00:32:45,960 Speaker 1: Work Day was raised at BMO on faster growth and valuation, 615 00:32:46,360 --> 00:32:49,800 Speaker 1: and Harley Davidson was raised equally over at Morgan Stanley 616 00:32:50,360 --> 00:32:53,560 Speaker 1: Live from the first Breaking News Descomb Bill Maloney, Karen, Bill, 617 00:32:53,640 --> 00:32:55,760 Speaker 1: thank you to here, lie breaking news of your bloombergy 618 00:32:55,840 --> 00:32:58,600 Speaker 1: type squawk on your terminal. Ascue you a w K 619 00:32:58,800 --> 00:33:01,240 Speaker 1: and that's a Bloomberg business lash. Now here's Michael Barrow 620 00:33:01,320 --> 00:33:03,600 Speaker 1: with more on what's going on around the world. Michael, 621 00:33:04,200 --> 00:33:07,040 Speaker 1: thank you very much, Karen. Russia said it has yet 622 00:33:07,160 --> 00:33:10,240 Speaker 1: to respond to written proposals delivered last week by the 623 00:33:10,440 --> 00:33:14,600 Speaker 1: US and NATO, as Western countries continue their diplomatic press 624 00:33:14,640 --> 00:33:19,880 Speaker 1: to deter Moscow from attacking Ukraine. President Vladimir Putin meets 625 00:33:19,920 --> 00:33:23,200 Speaker 1: today with Hungarian leader Victor orban Well. The U s 626 00:33:23,280 --> 00:33:26,080 Speaker 1: Secretary of State Anthony Lincoln will speak by a phone 627 00:33:26,320 --> 00:33:30,240 Speaker 1: with Russian Foreign Minister Sergei Lavrov. The chief medical examiner 628 00:33:30,280 --> 00:33:33,400 Speaker 1: who ruled George Floyd's death a homicide will return to 629 00:33:33,480 --> 00:33:36,360 Speaker 1: the stand today at the trial of three former Minneapolis 630 00:33:36,400 --> 00:33:41,200 Speaker 1: police officers charged with violating Floyd's civil rights. In the NBA, 631 00:33:41,400 --> 00:33:44,440 Speaker 1: The Next Celtics and Warriors One in the NHL, The 632 00:33:44,560 --> 00:33:47,600 Speaker 1: Devil's Lost. Global News twenty four hours a day on 633 00:33:47,880 --> 00:33:51,480 Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty 634 00:33:51,560 --> 00:33:54,880 Speaker 1: seven journalists and analysts in more than twenty countries on 635 00:33:55,000 --> 00:33:58,040 Speaker 1: Michael barn This is Bloomberg. Karen all right, Michael, thank you. 636 00:33:58,200 --> 00:34:01,440 Speaker 1: It is on Walls. Trade returned to news and science 637 00:34:01,440 --> 00:34:03,800 Speaker 1: and Technology Now with a Bloomberg and j I T 638 00:34:03,960 --> 00:34:07,600 Speaker 1: STEM report, brought to you by New Jersey Institute of Technology, 639 00:34:07,720 --> 00:34:11,080 Speaker 1: transforming computing professionals into data scientists to meet demanded this 640 00:34:11,280 --> 00:34:13,680 Speaker 1: fast growing field. Learn more at n j I T 641 00:34:13,840 --> 00:34:17,160 Speaker 1: dot edu, slash data Science now. Here's just making news 642 00:34:17,200 --> 00:34:21,000 Speaker 1: and science, technology, engineering, and math. People who follow seven 643 00:34:21,120 --> 00:34:24,319 Speaker 1: rules for healthy living could offset a high genetic risk 644 00:34:24,440 --> 00:34:26,920 Speaker 1: for heart disease. According to a study published in the 645 00:34:26,960 --> 00:34:31,600 Speaker 1: American Heart Association journal Circulation, people with high cumulative genetic 646 00:34:31,760 --> 00:34:35,279 Speaker 1: risk scores for heart disease could dramatically lower that risk 647 00:34:35,320 --> 00:34:39,800 Speaker 1: if they adhere to seven lifestyle modifications called Life's simple seven. 648 00:34:40,120 --> 00:34:42,960 Speaker 1: In addition to eating a heart healthy diet and moving more, 649 00:34:43,280 --> 00:34:46,719 Speaker 1: this includes not smoking, maintaining an appropriate weight, and keeping 650 00:34:46,760 --> 00:34:50,960 Speaker 1: blood glucose, cholesterol and blood pressure levels under control. When 651 00:34:51,000 --> 00:34:53,960 Speaker 1: it comes to measuring global warming, humidity not just heat 652 00:34:54,080 --> 00:34:58,480 Speaker 1: matters and generating dangerous climate extremes. According to a study 653 00:34:58,520 --> 00:35:01,360 Speaker 1: in proceedings of the National academ Me as Sciences, researchers 654 00:35:01,400 --> 00:35:04,600 Speaker 1: say factoring an air moisture along with heat shows that 655 00:35:04,680 --> 00:35:07,839 Speaker 1: climate change since nineteen eight is nearly twice as bad 656 00:35:08,239 --> 00:35:11,759 Speaker 1: as previously calculated, and Bitcoin wrapped up its worst start 657 00:35:11,800 --> 00:35:15,320 Speaker 1: to a year since eighteen. The largest cryptocurrency by market value, 658 00:35:15,440 --> 00:35:18,440 Speaker 1: was down more than eighteen percent in January. That followed 659 00:35:18,560 --> 00:35:21,960 Speaker 1: nine decline in December, and as the Bloomberg and j I. 660 00:35:22,080 --> 00:35:24,880 Speaker 1: T Stem report Nathan all Right, Karen thanks, relying from 661 00:35:24,880 --> 00:35:27,400 Speaker 1: the Bloomberg Interactive Broker Studios where it's six fifty on 662 00:35:27,440 --> 00:35:29,239 Speaker 1: Wall Street time now to check what's going on in 663 00:35:29,320 --> 00:35:31,400 Speaker 1: d C. Some of the top stories for our nation's 664 00:35:31,440 --> 00:35:34,239 Speaker 1: capital includes Senators nearing a deal on Russia sanctions to 665 00:35:34,280 --> 00:35:37,359 Speaker 1: deterrent invasion of Ukraine, President Biden being urged to pick 666 00:35:37,400 --> 00:35:40,840 Speaker 1: a sitting judge to succeed Justice Stephen Bryer in the 667 00:35:40,880 --> 00:35:43,840 Speaker 1: Supreme Court, and a Trump attack putting new focus on 668 00:35:43,920 --> 00:35:48,160 Speaker 1: a bipartisan election election law effort. Let's bring in Bloomberg 669 00:35:48,160 --> 00:35:50,320 Speaker 1: government reporter Emily Wilkins. You can speak better than me 670 00:35:50,400 --> 00:35:53,080 Speaker 1: on a Tuesday morning, Emily, good morning. Let's start with 671 00:35:53,400 --> 00:35:57,120 Speaker 1: what's happening on Capitol Hill with that sanctions deal that's 672 00:35:57,160 --> 00:36:00,360 Speaker 1: being discussed. Where are senators on that right now? So 673 00:36:00,640 --> 00:36:02,920 Speaker 1: we're seeing senators say that they're hoping they can actually 674 00:36:03,000 --> 00:36:06,040 Speaker 1: wrap up and have an agreement by the end of 675 00:36:06,120 --> 00:36:09,120 Speaker 1: the week. You are seeing that urgency, but also that 676 00:36:09,239 --> 00:36:12,200 Speaker 1: by partisanship. Lawmakers from both sides have been trying to 677 00:36:12,239 --> 00:36:15,280 Speaker 1: craft a bill that both Democrats and Republicans can support. 678 00:36:15,920 --> 00:36:18,600 Speaker 1: One big piece of this seems to be not just 679 00:36:18,760 --> 00:36:23,680 Speaker 1: having sanctions on Russia should they invade Ukraine, but also 680 00:36:23,760 --> 00:36:27,479 Speaker 1: sanctions on some Russian officials right now. Lawmakers have said 681 00:36:27,520 --> 00:36:30,000 Speaker 1: that what Putin has done, bringing so many troops so 682 00:36:30,160 --> 00:36:32,480 Speaker 1: close to the border at that in and of itself, 683 00:36:32,680 --> 00:36:35,560 Speaker 1: is enough for potential sanctions. We're not clear at this 684 00:36:35,640 --> 00:36:38,160 Speaker 1: point exactly what those sanctions would be. We know a 685 00:36:38,200 --> 00:36:41,000 Speaker 1: lot of the financial sanctions have been considered maybe making 686 00:36:41,040 --> 00:36:44,200 Speaker 1: it more difficult for Russia to convert its ruble into 687 00:36:44,320 --> 00:36:46,880 Speaker 1: other forms of currency. One thing that does seem to 688 00:36:46,920 --> 00:36:50,960 Speaker 1: be off the table right now, UH is having banning 689 00:36:51,040 --> 00:36:54,400 Speaker 1: Russia from the Swift banking system. A lawmakers said that 690 00:36:54,480 --> 00:36:57,560 Speaker 1: that could potentially hurt European allies and they don't want 691 00:36:57,640 --> 00:36:59,960 Speaker 1: that to happen now. While this discussion is still going 692 00:37:00,080 --> 00:37:02,919 Speaker 1: gone on Capitol Hill, Emily, we're expecting Secretary of State 693 00:37:02,960 --> 00:37:07,280 Speaker 1: Anthony Blincoln to speak again with Russian Foreign Minister Sergey Lavrov, 694 00:37:07,360 --> 00:37:11,000 Speaker 1: a delicate diplomatic dance while they're still talking about potential 695 00:37:11,120 --> 00:37:15,560 Speaker 1: sanctions even before a possible invasion. Yes, I mean, there's 696 00:37:15,560 --> 00:37:18,560 Speaker 1: definitely the diplomatic component going on. You're going to see 697 00:37:19,120 --> 00:37:21,760 Speaker 1: that meeting between the two of them later this morning. 698 00:37:21,880 --> 00:37:26,000 Speaker 1: You are also seen continued discussions with Russia and it's 699 00:37:26,040 --> 00:37:30,880 Speaker 1: European counterparts with Putin and Macron, with Putin and the 700 00:37:31,040 --> 00:37:35,000 Speaker 1: leader of Hungary, Viktor Orban and you are seeing that 701 00:37:35,040 --> 00:37:38,480 Speaker 1: diplomatic continue. But at the same point, the US has 702 00:37:38,600 --> 00:37:43,320 Speaker 1: told UH employees in Ukraine, sorry not Ukraine, but Belarus, 703 00:37:43,680 --> 00:37:46,640 Speaker 1: that their families need to evacuate the country due to 704 00:37:46,840 --> 00:37:50,680 Speaker 1: an unusual and concerning military build up. So the US 705 00:37:50,760 --> 00:37:54,000 Speaker 1: is still posturing as though an attack could be imminent, 706 00:37:54,320 --> 00:37:57,520 Speaker 1: but they are keeping their diplomatic solutions still open. And 707 00:37:57,600 --> 00:37:59,680 Speaker 1: speaking of meetings going on today, I see on the 708 00:37:59,719 --> 00:38:02,440 Speaker 1: White House calendar that President Biden is going to be 709 00:38:02,600 --> 00:38:06,040 Speaker 1: welcoming the top two senators on the Judiciary Committee to 710 00:38:06,120 --> 00:38:09,680 Speaker 1: the White House today. Is he's mulling his first Supreme 711 00:38:09,760 --> 00:38:13,600 Speaker 1: Court choice. Yes, And one of those senators, says Dick Durban, 712 00:38:13,680 --> 00:38:17,040 Speaker 1: the Democrat. He says that he's been talking with Republicans 713 00:38:17,200 --> 00:38:20,160 Speaker 1: trying to see exactly how much bipartisan support there might 714 00:38:20,239 --> 00:38:22,920 Speaker 1: be for some of the people on the White House's 715 00:38:23,000 --> 00:38:26,960 Speaker 1: list of potential nominees. The Democrats, and they don't need 716 00:38:27,560 --> 00:38:30,359 Speaker 1: Republicans to come along and support their nominee. They can 717 00:38:30,440 --> 00:38:33,120 Speaker 1: move it through as long as all fifty Senate Democrats 718 00:38:33,160 --> 00:38:35,759 Speaker 1: are an agreement. But Biden has talked so much about 719 00:38:35,760 --> 00:38:38,759 Speaker 1: being a bipartisan president, and one way that he might 720 00:38:38,840 --> 00:38:41,440 Speaker 1: be able to make sure he gets those Republican votes 721 00:38:41,680 --> 00:38:45,360 Speaker 1: is if he does nominate someone who's already a judge. 722 00:38:45,640 --> 00:38:48,680 Speaker 1: In fact, on his short list, he's got several names 723 00:38:48,760 --> 00:38:53,160 Speaker 1: including Katangi Brown, Jackson, who was actually confirmed to the 724 00:38:53,239 --> 00:38:55,759 Speaker 1: DC Court of Appeals in June of last year, and 725 00:38:56,000 --> 00:38:59,440 Speaker 1: three Republican senators voted for her then, all right, and 726 00:38:59,560 --> 00:39:03,520 Speaker 1: to find the emily. Former President Trump's latest rally over 727 00:39:03,600 --> 00:39:06,800 Speaker 1: the weekend of obviously has gotten a lot of attention 728 00:39:06,880 --> 00:39:10,240 Speaker 1: for a number of reasons, including, uh, some new attention 729 00:39:10,520 --> 00:39:15,200 Speaker 1: on the Electoral Count Act and efforts to sort of 730 00:39:15,480 --> 00:39:18,480 Speaker 1: firm that up. Yeah, so this is a law that's 731 00:39:18,520 --> 00:39:20,879 Speaker 1: more than a hundred years old that basically talks about 732 00:39:20,960 --> 00:39:23,680 Speaker 1: what role Congress has when it comes to counting and 733 00:39:23,760 --> 00:39:28,320 Speaker 1: certifying those Electoral College votes. Uh. The short story is 734 00:39:28,480 --> 00:39:31,680 Speaker 1: that Congress doesn't have much except for ceremonial authority. But 735 00:39:31,800 --> 00:39:36,080 Speaker 1: lawmakers are concerned, including some Republicans like Senator Susan Collins, 736 00:39:36,440 --> 00:39:39,720 Speaker 1: after they saw Trump put pressure on his vice president, 737 00:39:39,800 --> 00:39:43,320 Speaker 1: Mike Penn's to try to decertify the election when it 738 00:39:43,600 --> 00:39:45,560 Speaker 1: really the vice president is supposed to have more of 739 00:39:45,640 --> 00:39:48,680 Speaker 1: a ceremonial role, and so there has been discussion about 740 00:39:48,800 --> 00:39:51,839 Speaker 1: updating this law. The main concern that we've heard at 741 00:39:51,920 --> 00:39:54,239 Speaker 1: this point from the White House and from Democrats is 742 00:39:54,280 --> 00:39:56,440 Speaker 1: that they don't think that's enough. They wanted to have 743 00:39:56,640 --> 00:40:01,000 Speaker 1: that broad ranging electoral reforms pack edge that they're just 744 00:40:01,120 --> 00:40:03,319 Speaker 1: not able to get through the Senate at this point, 745 00:40:03,640 --> 00:40:05,600 Speaker 1: and they're a little worry that if they focus on 746 00:40:06,000 --> 00:40:09,640 Speaker 1: this Electoral Counts Act, they might lose momentum for a 747 00:40:09,760 --> 00:40:13,319 Speaker 1: larger push on election law. Only about thirty seconds left here, 748 00:40:13,360 --> 00:40:15,759 Speaker 1: So does that mean the broader voting rights pushes kind 749 00:40:15,800 --> 00:40:18,440 Speaker 1: of dead at this point? I mean, yes, that at 750 00:40:18,520 --> 00:40:20,120 Speaker 1: this point there doesn't seem to be any way to 751 00:40:20,200 --> 00:40:23,160 Speaker 1: get it through unless Senator Joe Managin has a sudden 752 00:40:23,280 --> 00:40:25,800 Speaker 1: change of heart about how he feels feels about the filibuster, 753 00:40:25,920 --> 00:40:28,840 Speaker 1: and that seems highly unlikely. I think it's safe to 754 00:40:28,880 --> 00:40:30,880 Speaker 1: say that that's just not going to happen within the 755 00:40:30,960 --> 00:40:33,080 Speaker 1: next year. All right, Well, we know we will be 756 00:40:33,200 --> 00:40:37,120 Speaker 1: continuing to follow any developments as they occur. As always, 757 00:40:37,400 --> 00:40:40,560 Speaker 1: thanks for keeping us surprised what's happening in the nation's capital. 758 00:40:40,600 --> 00:40:43,799 Speaker 1: Bloomberg Government reporter Emily Wilkins with us, and you can 759 00:40:43,840 --> 00:40:46,719 Speaker 1: read more about these stories on Bloomberg dot com or 760 00:40:46,840 --> 00:40:49,239 Speaker 1: on the Bloomberg terminal. And as a reminder, you can 761 00:40:49,280 --> 00:40:52,560 Speaker 1: follow all the latest on Bloomberg Radio in Washington. Bloomberg 762 00:40:53,560 --> 00:40:56,160 Speaker 1: and one oh five point seven fm h D two 763 00:40:56,360 --> 00:40:59,200 Speaker 1: Karen Nathan, It is six fifty six on Wall Street 764 00:40:59,239 --> 00:41:02,959 Speaker 1: and this is bloom Or Daybreak. February is Black History Month, 765 00:41:03,200 --> 00:41:06,280 Speaker 1: and every day this month we are celebrating significant moments 766 00:41:06,360 --> 00:41:09,799 Speaker 1: in US black history. Now with your installment for February one, 767 00:41:10,160 --> 00:41:13,480 Speaker 1: here's Bloomberg's tra Needy Young on this day in Black History. 768 00:41:13,560 --> 00:41:17,360 Speaker 1: In eighteen sixty five, Boston lawyer John Rock becomes the 769 00:41:17,480 --> 00:41:19,920 Speaker 1: first African American to be admitted to the bar of 770 00:41:20,000 --> 00:41:23,560 Speaker 1: the U. S. Supreme Court. Now, traditionally, the Chief Justice 771 00:41:23,600 --> 00:41:26,719 Speaker 1: would determine who could bring cases to the nation's highest court, 772 00:41:27,160 --> 00:41:30,080 Speaker 1: and Chief Justice at the time, Roger B. Tanny, was 773 00:41:30,160 --> 00:41:34,320 Speaker 1: opposed to black people having citizenship rights, But when Tanny 774 00:41:34,440 --> 00:41:38,040 Speaker 1: died in eighteen sixty four, Rock saw an opportunity. New 775 00:41:38,080 --> 00:41:41,040 Speaker 1: Chief Justice sam and Chase was an opponent of slavery, 776 00:41:41,440 --> 00:41:45,160 Speaker 1: and with the assistance of Massachusetts Senator Charles Sumner, Rock 777 00:41:45,320 --> 00:41:48,240 Speaker 1: was admitted to the bar of the Supreme Court. Although 778 00:41:48,320 --> 00:41:51,120 Speaker 1: he died before having the chance to argue before the 779 00:41:51,160 --> 00:41:54,120 Speaker 1: Supreme Court. John Rock would also be one of the 780 00:41:54,200 --> 00:41:57,120 Speaker 1: first African Americans to speak before the U. S. House 781 00:41:57,160 --> 00:42:01,960 Speaker 1: of Representatives, and he had several care years as a teacher, dentist, 782 00:42:02,320 --> 00:42:05,960 Speaker 1: and abolitionist who was passionate about the dignity and rights 783 00:42:06,040 --> 00:42:10,240 Speaker 1: of all Americans. That's today in black history. I'm rened 784 00:42:10,280 --> 00:42:13,279 Speaker 1: a young Bloomberg radio All right, rened to thank you, 785 00:42:13,480 --> 00:42:16,400 Speaker 1: and future is this morning are moving lower. SNP futures 786 00:42:16,480 --> 00:42:19,640 Speaker 1: down about thirteen points this morning, dawn futures down fifty 787 00:42:19,719 --> 00:42:22,560 Speaker 1: three and as day futures down thirty eight. The ten 788 00:42:22,600 --> 00:42:25,160 Speaker 1: year treasury up seven thirty seconds. He had one point 789 00:42:25,200 --> 00:42:28,120 Speaker 1: seven five percent. They yelled on the two year one 790 00:42:28,200 --> 00:42:31,719 Speaker 1: point one six per cent. And NIMEX screude oil is 791 00:42:31,760 --> 00:42:34,160 Speaker 1: down about two ten percent or seventeen cents at eighty 792 00:42:34,200 --> 00:42:38,200 Speaker 1: seven dollars ninety seven cents a barrel. And Bloomberg surveillance, 793 00:42:38,280 --> 00:42:42,000 Speaker 1: but Tom Keene, Jonathan Farrell, and Lisa Abramowitz is coming up. 794 00:42:42,080 --> 00:42:45,960 Speaker 1: And for Nathan Hagar, I'm Karen Moscow, and this is 795 00:42:46,040 --> 00:42:46,600 Speaker 1: Bloomberg