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Speaker 1: Live from the Bloomberg Interactor Burgers Studios. This is Bloomberg

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Speaker 1: day Break for Thursday, March two. Coming up this hour.

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Speaker 1: Ukraine and Russia hold the highest level talks since the

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Speaker 1: start of the war. Global stocks falling after yesterday's rally,

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Speaker 1: Wall Street braces for another historic reading on inflation, and

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Speaker 1: Amazon shares rally on a twenty for one stuff split.

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Speaker 1: The first licenses to sell recreational pot in New York

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Speaker 1: will go to people with marijuana related convictions. South Korea

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Speaker 1: has elected a new president. I'm Michael Blah I'm John

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Speaker 1: stash Our in sports, third straight win for the nixt

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Speaker 1: st John's advances, and the baseball lockout continues. That's all

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

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

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Speaker 1: Bloomberg nine six, Francisco, Sirius x M one nineteen and

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Speaker 1: around the world Old on Bloomberg Radio dot Com and

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Speaker 1: via The Bloomberg Business or Good Morning. I'm Nathan Hagar,

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Speaker 1: but I'm Karen Moscow and US Dock index futures are

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Speaker 1: lower this morning. Work coming up to six O one

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

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

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Speaker 1: futures are down thirty three points down, features down two

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Speaker 1: hundred seventy NASDAG futures down one forty six the decks

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Speaker 1: in Germany's down two and a quarter percent. Ten year

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Speaker 1: treasury up seven thirty seconds, held one point nine two percent,

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Speaker 1: yield on the two year one point six six percent.

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Speaker 1: Nathan Karen, we begin with the latest in the war

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Speaker 1: in Ukraine. Foreign ministers from Russia and Ukraine met in

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Speaker 1: Turkey today but failed to make progress in talks to

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Speaker 1: stop the war. Moscow says it will continue attacks until

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Speaker 1: its demands are met, including the surrender of Ukraine. We

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Speaker 1: get more from Bloomberg, said back Stair. President Zelenski's deputy

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Speaker 1: chief of staff, Zokova, says that ultimately it will be

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Speaker 1: solved whether Zelensky putin face to face. So asked the

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Speaker 1: world community to existance in having these direct negotiations to

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Speaker 1: sit down with at the negotiation table. Meanwhile, Pentagon spokesman

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Speaker 1: John Kirby says the US doesn't think Poland's idea to

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Speaker 1: supply makes the Ukraine will work. The intelligence community has

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Speaker 1: assessed the transfer of mid twenty nine to Ukraine may

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Speaker 1: be mistaken as escalatory, and Kirby says that would hurt

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Speaker 1: Ukraine even further. In San Francisco, I'm at Baxter Bloomberg,

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Speaker 1: Gay break all right and thank you Meantime, Ukrainian President

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Speaker 1: vladimir'sz Lensky is accusing Russia of war crimes, as after

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Speaker 1: an air strike hit an maternity hospital and the besieged

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Speaker 1: city of Mariopol. An aerial obama on an maternity hospital

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Speaker 1: is the conclusive evidence that what is happening is a

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Speaker 1: genocide of Ukrainians Europeans. You won't be able to say

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Speaker 1: that you didn't see what happened to Ukrainians and Mary

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Speaker 1: up Paul, you saw. You know. Consequently, you must strengthen

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Speaker 1: sanctions against Russia so that it never has the chance

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Speaker 1: to continue this genocide. President Zelenski. He said the attack

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Speaker 1: hill three people, including a child. That's according to Mario

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Speaker 1: Pol's city council, and President Zelenski is still asking NATO

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Speaker 1: to set up a no fly zone Karen, but the

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Speaker 1: Pentagon warns that would escalate the situation. Illinois Democrat Roger

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Speaker 1: Christian Murthy sits on the House Intelligence Committee. We can't

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Speaker 1: let Prutin decide what we're going to do to help

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Speaker 1: our friends defend their freedom. And so when President Zelenski

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Speaker 1: asked us in a zoom call about a week ago

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Speaker 1: to either enforce a no fly zone or give him

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Speaker 1: the means to do so, I think we should do

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Speaker 1: whatever we can. Congressman Roger Christian Murthy spoke with our

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Speaker 1: Washington corresponded Joe Matthew on Bloomberg Sound on Catch the

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Speaker 1: program weekdays at five pm Eastern on Bloomberg Radio, Well Nathan.

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Speaker 1: The House has passed a more than thirteen billion dollar

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Speaker 1: aid package for Ukraine as part of a measure to

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Speaker 1: fund the US government for the coming year. Hemmy Morris

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Speaker 1: has the details from our Bloomberg newsroom in Washington. The

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Speaker 1: emergency Ukraine related spending includes six and a half billion

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Speaker 1: dollars for the Pentagon. That's three billion to bolster U

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Speaker 1: S troops in Europe and three and a half billion

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Speaker 1: to replace weapons given to Ukraine. Coronavirus funding was taken

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Speaker 1: out of the measure, and domestic agencies will get their

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Speaker 1: biggest increases in years under the bill. Now it's up

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Speaker 1: to the Senate to sign off on the legislation before

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Speaker 1: the current stop gap measure expires Friday night. Just in case,

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Speaker 1: the House also sent the Senate a four day spending

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Speaker 1: bill just to buy a little extra time that one expires.

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Speaker 1: March fifteen. In Washington, I'm Amy Morris Bloomberg Daybreak. Okay, Amy,

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Speaker 1: thank you. The House also approved legislation barring US imports

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Speaker 1: of Russian oil. Let's get the details on that live

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Speaker 1: from Bloomberg's Rinita Young. Good morning, Grenita, Good morning Nathan.

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Speaker 1: The US ban on Russian oil imports would go into

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Speaker 1: effect forty five days after it's signed into law. The

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Speaker 1: House legislation also takes steps to review Russia's access to

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Speaker 1: the World Trade Organization, and it reauthorizes and strengthens the

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Speaker 1: Magnitsky Act, which calls for sanctions on offenders of human rights.

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Speaker 1: But the legislation does have a provision letting the President

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Speaker 1: allow some products to be imported from Russia if they're

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Speaker 1: in the national inter but they'll be subject to review

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Speaker 1: by Congress. Live in New York, I'm gonna need a

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Speaker 1: young Bloomberg Daybreak. I need to thank you. Inflation also

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Speaker 1: and focus. This morning, with the release of February's consumer

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Speaker 1: price index, we get a preview from Bloomberg's Michael McKee.

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Speaker 1: A few weeks ago, many economists were eyeing in February

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Speaker 1: as the peak in US consumer inflation. Now it's looking

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Speaker 1: more like a fresh baseline. The consumer price index is

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Speaker 1: forecast to rise the most since two but economists are

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Speaker 1: now saying it could peak somewhere in the eight to

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Speaker 1: nine percent range this month or next. The invasion of

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Speaker 1: Ukraine and severe restrictions on the Russian economy will likely

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Speaker 1: send the prices of staples like oil and food soaring.

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Speaker 1: Without knowing how long the war will last, it's hard

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Speaker 1: to know how high and for how long. Michael McKee,

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Speaker 1: Bloomberg Daybreak. All right, Mike, Thanks. There's also a major

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Speaker 1: market event overseas. We get a policy decision from the

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Speaker 1: European Central Bank this morning. Here with the details is

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Speaker 1: Bloomberg's Hana George. Faced with the twin challenges of inflation

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Speaker 1: and war on its border, the ECB may postpone it's

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Speaker 1: timetable setting out and two trillions of euros of asset

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Speaker 1: purchases That would mark another abrupt shift in the central

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Speaker 1: bank stance. Just last month, President Christine Lagarde turned more

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Speaker 1: hawkish in the face of inflation that's almost three times

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Speaker 1: the two percent target. The danger now is that the

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Speaker 1: invasion and sanctions against Russia will curb Europe's rebound from

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Speaker 1: the pandemic. In London, I'm Hannah George in book day Break, Right, Hannah,

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Speaker 1: thank you, And corporate news this morning shares an Amazon

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Speaker 1: or surging there up more than six and a half

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Speaker 1: percent in early training after announcing plans for a twenty

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Speaker 1: one stock split began more from Bloomberg's Charlie Pillett. It's

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Speaker 1: subject to a vote by shareholders, which is scheduled from

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Speaker 1: May twenty five. The e Commerce Giants Board also approved

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Speaker 1: a ten billion dollar share buy bank program. The repurchase

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Speaker 1: authorization replaces a current five billion dollar plan approved in

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Speaker 1: twenty six. The company previously split at stock three times

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Speaker 1: in nine and nine. In New York. Charlie Bloomberg, daybreak, Okay, Charlie,

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Speaker 1: thank you. Right now. SMP futures are down thirty eight

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Speaker 1: points down futures down three hundred seventeen and NASTAC futures

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Speaker 1: are lower by a hundred sixty eight points. The tenure.

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Speaker 1: Treasury is up five thirty seconds, the yield one point

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Speaker 1: nine three percent. Straight ahead your latest local headlines and

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Speaker 1: a check of sports. This is Bloomberg. It's down six

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Speaker 1: oh seven on Wall Street. Foggy, thirty three degrees in

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Speaker 1: Central Park. We had a couple issues now in the

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Speaker 1: New Jersey Turnpike between exits twelve and thirteen. Details coming

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Speaker 1: up in traffic. First, Michael Barr with more on what's

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Speaker 1: going on in New York and around the world. Michael,

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Speaker 1: thank you very much. Nathan. The first licenses to sell

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Speaker 1: recreational pond in New York. We'll go to people who

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Speaker 1: have a record. State officials said that people with marijuana

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Speaker 1: related to convictions will get DIBs on the first one

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Speaker 1: hundred two hundred retail cannabis licenses awarded by New York.

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Speaker 1: The state says it's part of a broader effort to

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Speaker 1: address the inequities of a justice system that locked up

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Speaker 1: a disproportionate number of people of her for drug crimes.

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Speaker 1: Governor Kathy Hokel is set to announce the planned regulations

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Speaker 1: for a social equity applicants today. Meanwhile, Governor Hokel showed

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Speaker 1: her support for those suffering in Ukraine from the Russian

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Speaker 1: invasion and inter faith ceremony was held at a Ukrainian

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Speaker 1: Orthodox cathedral in New York City. Hoko was there and

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Speaker 1: said she was immersing herself in the community. When I

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Speaker 1: look out in this room, yes, I hear the words

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Speaker 1: of prayer on your lips, and those are powerful words,

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Speaker 1: heartfelt words. But I also see tremendous pain in your eyes.

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Speaker 1: Governor HOCl praise the defiance of the Ukrainian people in

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Speaker 1: the face of Russia's invasion. South Korea's conservative president elect,

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Speaker 1: Yune suk Yo, says he would solidify an alliance with

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Speaker 1: the US, build up a powerful military, and sternly cope

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Speaker 1: with North Korean provocations. Hours after he won the country's

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Speaker 1: hard fought election to become its next leader, Une spoke

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Speaker 1: with President O Biden on the phone. The White House

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Speaker 1: is reacting to a bill that would make it illegal

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Speaker 1: in Florida to discuss sexual identity and orientation in some classrooms.

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Speaker 1: It heads through the governor's nest for signing. The state

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Speaker 1: Senate passed the measure despite days of protests and student walkouts.

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Speaker 1: The bill's supporters claim it gives parents more of a

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Speaker 1: say in their children's education. White House Press Secretary Jan Saki,

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Speaker 1: I think the most important question now is why are

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Speaker 1: Florida leaders deciding they need to discriminate against kids who

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Speaker 1: are members of the l g B t q I community.

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Speaker 1: What prompts them to do that? Is it meanness? Is

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Speaker 1: it wanting to make kids have more difficult times in

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Speaker 1: school in their communities. President Biden has condemned the state measure,

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Speaker 1: but back as a U. S. Senator, Biden reportedly supported

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Speaker 1: similar legislation in Congress. Global News twenty four hours a

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Speaker 1: day on air and on Bloomberg Quick Take, powered by

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Speaker 1: more than twenty seven hundred journalists analysts more than a

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Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg, Nathan. Thanks Michael.

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Speaker 1: Almost six ten on All Street time for the Bloomberg

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Speaker 1: Sports up Take morning. Johns Sesshire, Thanks Nathan. What's going

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Speaker 1: on with the Knicks? Since the seven game Wisian straight

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Speaker 1: sixteen losses in the span of nineteen games, and Knicks

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Speaker 1: has suddenly one three in a row. They had going

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Speaker 1: almost two months without winning two straight. Over their last

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Speaker 1: six quarters, Knicks have outscored the opposition by sixty one points.

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Speaker 1: It was easy in Dallas ball knock loose, trying to

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Speaker 1: get it back dives quarter three. It's good Evan four

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Speaker 1: date titleson the Knicks fifty five Dallas, twenty seven ep N.

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Speaker 1: The call final was one oh seven seventy seven Nicks

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Speaker 1: fifth grate win in Dallas. The Dallas native Julius Randall

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Speaker 1: scored twenty six. Mav shot only thirty one percent. They

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Speaker 1: were six for forty four on three pointerers. They missed

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Speaker 1: their first nineteen. At the Garden. St. John's beat De

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Speaker 1: Paul ninety two to seventy three to advanced to play

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Speaker 1: Villanova to night the Big East Tournament, Seaton Hall got

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Speaker 1: by Georgetown fifty seven fifty three. The Hoyas never won

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Speaker 1: the biggest game all season, Butler ups that Xavier and

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Speaker 1: over time. At the a CC Tournament, Syracuse blew out

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Speaker 1: Florida State by thirty nine, but top score Buddy Bayhon

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Speaker 1: throw a punch and the coach's sons suspended for today's

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Speaker 1: game with Duke heartbreak for I own a one point lost.

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Speaker 1: A writer at the mac Turney in Atlantic City of

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Speaker 1: the Bronx wanted on a shot with seven seconds left,

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Speaker 1: so there fourteen and eighteen. They advanced I own A

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Speaker 1: at twenty five and six, will settle for the n

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Speaker 1: I T the baseball labor dispute. There's now said to

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Speaker 1: be a new conflict whether the institute a draft for

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Speaker 1: international players. It's not one thing, it's another. Still no

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Speaker 1: deal lockout continues. The first four series of the season

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Speaker 1: have now been cancer John Stationward Bloomburn Sports. They think

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Speaker 1: all right, John, thank you right now. SMP futures are

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Speaker 1: lower by forty points. South futures down three under twenty four,

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Speaker 1: Danisex futures down one seventy seven points. The tenure treasury

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Speaker 1: is up seven thirty seconds, the yield one point nine.

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Speaker 1: Nime X screwed up four hundred thirteen dollars twenty five

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Speaker 1: diplomatic talks stalled with Bloomberg's Rosalind Mathison. Next, this is Bloomberg.

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Speaker 1: Bloomberg day Break is brought to you by Audie. Don't

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Speaker 1: the Bloomberg Business Outland at Bloomberg Quick Take. This is

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Speaker 1: a Bloomberg business flash and I'm kerin Moscow. US dot

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Speaker 1: index futures and European shares are falling him a concern.

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Speaker 1: US inflation accelerated for a six consecutive month. To check

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Speaker 1: Bloomberg s and P futures down thirty six points down,

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Speaker 1: futures down two hundred eighty nine, NASDAG futures down one

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Speaker 1: Announced the euro one point one zero four seven against

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Speaker 1: For Get a look at inflation this morning at eight

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Speaker 1: thirty Wall Street Time at the consumer price and next

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Speaker 1: we also get the weekly report on initial jobless claims

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Speaker 1: and a headline on ge crossing. The Bloomberg gets reaffirming

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Speaker 1: its earnings outlook for the year. That's a Bloomberg business flash.

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Speaker 1: Now here's Michael Barr with more on what's going on

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Speaker 1: around the world. Uncle Karen, thank you very much. Talks

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Speaker 1: between the foreign ministers of Russia and Ukraine wrapped up

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Speaker 1: on the sidelines of a diplomatic summit in Turkey with

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Speaker 1: no progress. Russia conveyed it will continue attacks on Ukraine

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Speaker 1: until demands are met. Meanwhile, the World Health Organization said

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Speaker 1: it has confirmed eighteen attacks on medical facilities since the

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Speaker 1: Russian invasion began two weeks ago. Major League Baseball, that's

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Speaker 1: cut another week of the upcoming season with a lockout

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Speaker 1: in its day. The decision means the season won't begin

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Speaker 1: until April fourteenth, at the earliest. In the NBA, the

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Speaker 1: Knicks and Celtics won, the Wizards lost. In the NHL,

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Speaker 1: the Capitals lost in overtime to the Oilers. For three

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Speaker 1: Global News twenty four hours a day on air and

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Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred

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Speaker 1: journalists and analysts in more than one D twenty countries.

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Speaker 1: Michael Barr, This is Bloomberg nath Okay, Michael. Thanks, It's

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Speaker 1: six nineteen on Wall Street Live from the Bloomberg Interactive

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Speaker 1: Broker Studios. This is Bloomberg Daybreak and Bloomberg's executive editor

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Speaker 1: for International Government, Rosalind Matheson is with us as we

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Speaker 1: continue trying to sort out some of the latest information

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Speaker 1: when it comes to these talks that just ended in

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Speaker 1: Turkey between the farm ministers of Russia and Ukraine. Ros,

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Speaker 1: good morning. It sounds as though not much progress has

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Speaker 1: been made in those types. Can you give us some

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Speaker 1: details sort of flush things out for us. Well, that's right.

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Speaker 1: So this was the highest level conversation in person that's

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Speaker 1: happened between Ukraine and Russia since the war broke out,

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Speaker 1: and this was an attempt, particularly on the Ukraine side,

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Speaker 1: at least to get some kind of formal agreement on

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Speaker 1: temporary cease fires to allow people to leave certain areas

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Speaker 1: of Ukraine that are under heavy attack. But even that

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Speaker 1: didn't seem to come on the table. The Russian Foreign

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Speaker 1: minister said he was actually not there to discuss any

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Speaker 1: kind of ceasefire at all. It's slightly unclear what he

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Speaker 1: was in fact there to talk about, given there seemed

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Speaker 1: to be no tangible takeaways from it, aside from both

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Speaker 1: sides saying yeah, they're both realized that they can keep

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Speaker 1: having a conversation going. If anything, it was an opportunity

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Speaker 1: for Russia to repress its demands on Ukraine, saying it

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Speaker 1: wants all its demands met in order for Ukraine to

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Speaker 1: surrender and for Russia to pull its troops back out.

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Speaker 1: So possibly it was a meeting where they spent an

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Speaker 1: hour and a half talking out each other rather than

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Speaker 1: listening to each other. Certainly there's no sense of when

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Speaker 1: a follow up meeting may happen. Uh and and right

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Speaker 1: now we're back to square one. Wow, do we have

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Speaker 1: any further clarity on what Russia's demands are? It sounded

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Speaker 1: as though there might have been a little bit of

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Speaker 1: wiggle room in the last couple of days about regime

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Speaker 1: change at least in Ukraine. What are the demands from

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Speaker 1: Russia right now? So they have moved about a bit,

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Speaker 1: but they seem to really involve the full demilitarization of Ukraine,

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Speaker 1: the recognition by Ukraine that separatist areas inside Ukraine are

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Speaker 1: in fight independent and that also would include Crimea from

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Speaker 1: two thousand and fourteen, agreeing to what they would quote neutrality,

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Speaker 1: which seems to be the Ukraine cannot make any further

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Speaker 1: overtures towards Europe at NATA or the European Union, and

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Speaker 1: possibly the removal of the government. As you say, some

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Speaker 1: officials have said that they don't intend to replaced the regime,

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Speaker 1: but that contrast certainly with what with what the Russian

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Speaker 1: president was saying in the early days after the invasion.

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Speaker 1: He made it very clear he wanted that government gone.

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Speaker 1: It sounds as though the diplomats are pretty far apart

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Speaker 1: as well on what's happening on the ground in Ukraine.

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Speaker 1: We've seen the images come out of the besieged ports

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Speaker 1: city of Mariopol, of hospitals coming under attack, reports of

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Speaker 1: children and other civilians being killed in what sounds like

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Speaker 1: indiscriminate attacks from Russia. At the same time, the Foreign

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Speaker 1: Minister Sergei Lavrov is dismissing those reports, calling it fake news.

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Speaker 1: What does that say about where these things are going? Well,

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Speaker 1: that's right. In fact, the Russian Foreign minister used the

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Speaker 1: meeting today to say that Russia had not actually attacked

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Speaker 1: Ukraine at all, so again sort of trying to reiterate

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Speaker 1: um their point of view, and they were saying both

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Speaker 1: today and yesterday that that shelling of a hospital in Mariopool,

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Speaker 1: which is the besieged city in the eastern part of Ukraine,

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Speaker 1: that that hospital had been empty at the time and

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Speaker 1: was occupied not by by women and children and babies,

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Speaker 1: but by Ukraine forces and that's why it was shelled.

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Speaker 1: Of course, Ukraine says that there were women and children

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Speaker 1: in the hospital at the time and several were killed

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Speaker 1: or injured. So you're just seeing these accusations traded across

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Speaker 1: the board, and that just makes it even harder to

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Speaker 1: find a way to see how they can sit down

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Speaker 1: at the table and have a proper conversation, a sober

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Speaker 1: conversation that takes that emotion in some way out of

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Speaker 1: it and allows them to find a way forward given

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Speaker 1: the accusations that they seem to be slinging at each other.

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Speaker 1: Still now last minute here rise. In the meantime, the

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Speaker 1: US European allies are looking for ways to continue supporting Ukraine.

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Speaker 1: But it sounds like this idea from Poland of sending

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Speaker 1: in its fighter jets and replacing them with US jets

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Speaker 1: is a no goal. So where did things go from

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Speaker 1: here in terms of the allied response to supporting Ukraine. Well,

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Speaker 1: that's right, and in fact Poland was very anxious about

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Speaker 1: the idea of sending any of its spider jets into Ukraine.

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Speaker 1: It was under a lot of pressure publicly from Ukraine

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Speaker 1: to do so. So it's solution was to offer to

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Speaker 1: send them somewhere else, to have NATO decide as a

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Speaker 1: whole what to do with them, because it was concerned

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Speaker 1: that if it's fighters went in, Russia would see that

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Speaker 1: as a direct act of aggression. So you see NATO

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Speaker 1: really kind of ringing itself in knots a bit about

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Speaker 1: how they can support Ukraine but not get drawn in

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Speaker 1: fully into a conflict directly. So that means no fly zone,

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Speaker 1: it means they won't send fighter jets in. They'll continue

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Speaker 1: to send Member States military equipment in and they'll support

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Speaker 1: from Afar, but a real sense of our needs about

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Speaker 1: the possibility that somehow this conflict could write, could widen,

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Speaker 1: and they could get caught up in it too. Thanks

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Speaker 1: as always Rose, good having you on. Roslyn Matheson, our

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Speaker 1: executive editor for International Government for Bloomberg News. Tracking all

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Speaker 1: the latest developments, fast moving out of the war in Ukraine.

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Speaker 1: Looking ahead of the market open SMP futures are down

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Speaker 1: thirty two points down futures down two hundred seventy six,

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Speaker 1: dance that futures are lowered by a hundred forty one

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Speaker 1: points in the tenure treasury is up five thirty seconds,

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Speaker 1: the yield one point nine ahead of the release of

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Speaker 1: the February Consumer Price Index. This is Bloomberg Bloomberg Daybreak,

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Speaker 1: brought to you by the Jewish Communal Fund j c

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Speaker 1: from the Bloomberg Interactive Broker Studio in New York. Bloomberg

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Speaker 1: e Living free on to Washington, d C. Bloomberg nine

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Speaker 1: nine one to Boston, Bloomberg one O six one to

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Speaker 1: San Francisco, Bloomberg norm sixt to the country, Sirius XM

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Speaker 1: to A one nine team, and around the globe the

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Speaker 1: Bloomberg Business and Bloomberg Radio dot com. This is Bloomberg

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

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Speaker 1: Hagar and I'm Karen Moscow, and we're just about three

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

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Speaker 1: the five things you need to notice start your day.

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Speaker 1: Brought to you by Interactive Brokers. Interactive Brokers charges Martin

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Speaker 1: loan rates from zero point seven five percent to one

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Speaker 1: point five eight percent, rates subject to change. Learn more

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00:21:10,600 --> 00:21:14,240
Speaker 1: at ib k R dot com. Slash compare up first

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Speaker 1: to the latest on the war in Ukraine, air raids,

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Speaker 1: sirens and Ukraine's capital Key This morning, as Russia's invasion

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Speaker 1: enters its third week, Ukraine's President Vladimir Zelenski says he's

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Speaker 1: willing to consider compromises, but won't seed territory. Well, we would.

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Speaker 1: You must strengthen sanctions against Russia so that it never

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Speaker 1: has the chance to continue this genocide. You need a

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Speaker 1: pressure Russia, so that it sits at the negotiating table

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Speaker 1: and ends this barbarous war. Zelenski says he has not

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Speaker 1: spoken to Vladimir Putin. Foreign ministers from Russia and Ukraine

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Speaker 1: spoken Turkey today with no breakthrough, Moscow says it will

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Speaker 1: continue its attack until demands are met. It's seeking surrender

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Speaker 1: from Ukraine. Back in Washington, Karen, Congress is ramping up

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Speaker 1: pressure on Moscow. The House pass to build a band

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Speaker 1: oil imports from Russia. Bloomberg's Rnita Young joins US Live

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Speaker 1: Rnita Nathan. The US ban on Russian oil imports would

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Speaker 1: go into effect forty five days after it's signed into law.

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Speaker 1: The House legislation also takes steps to review Russia's access

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Speaker 1: to the World Trade Organization, and it reauthorizes and strengthens

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Speaker 1: the Magnitsky Act, which calls for sanctions on offenders of

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Speaker 1: human rights. But the legislation does have a provision letting

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Speaker 1: the President allow some products to be imported from Russia

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Speaker 1: if they're in the national interests, but they'll be subject

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Speaker 1: to review by Congress Live in New York. I'm Gonnita Young,

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Speaker 1: Bloomberg Daybreak, A right, Rinda, thank you at turning to

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Speaker 1: Wall Street Today, it's all about inflation and the consumer

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Speaker 1: price indexes they swected increase at a seven point nine

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Speaker 1: percent annual rate, and Bloomberg's Vinnidale Juda says more red

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Speaker 1: hot inflation. It's probably going to get worse as the

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Speaker 1: war in Ukraine sends global food energy prices higher. Ukraine

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Speaker 1: is a major wheat exporter, Russia oil and gas. For now,

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Speaker 1: what economists are saying US inflation could peak somewhere around

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Speaker 1: eight percent or nine for sent perhaps in a month

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Speaker 1: or two. Judace Bloomberg, daybreak right, Vinny, thank you. In

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Speaker 1: overseas markets, the focus is on monetary policy. The European

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Speaker 1: Central Bank decides on whether to raise interest rates and

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Speaker 1: ease asset purchases. That strategy could be delayed as it

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Speaker 1: navigates inflation and economic shocks from the war and back.

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Speaker 1: Here in the US, Nathan, for the first time in

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Speaker 1: two decades, Amazon is splitting its stock. The company plans

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Speaker 1: to boost its outstanding shares by a twenty to one ratio.

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Speaker 1: It's also authorizing a ten billion dollar stock buy back.

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Speaker 1: Amazon shares are up five and a half percent in

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Speaker 1: early trading. That's the five things you need to know

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Speaker 1: to start your day. Brought to you by Interactive Brokers.

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Speaker 1: Thanks Karen sixty three now in Wall Street, thirty three,

430
00:23:40,560 --> 00:23:43,320
Speaker 1: foggy degrees in Central Park, all sorts of problems on

431
00:23:43,359 --> 00:23:45,439
Speaker 1: the New Jersey Turnpike. Will get the details for you

432
00:23:45,440 --> 00:23:48,200
Speaker 1: in traffic shortly. First, Michael Barr, what else is going

433
00:23:48,240 --> 00:23:49,960
Speaker 1: on in New York and around the world. Thank you

434
00:23:50,080 --> 00:23:53,640
Speaker 1: very much, Nathan. First hot sale permits in New York

435
00:23:53,680 --> 00:23:57,640
Speaker 1: State will go to people with convictions. The state's going

436
00:23:57,680 --> 00:24:00,840
Speaker 1: to award up to two hundred only of people who

437
00:24:00,880 --> 00:24:04,639
Speaker 1: have been convicted of marijuana related crimes. Governor Kathy Hokel

438
00:24:04,680 --> 00:24:06,960
Speaker 1: says it's an effort to address the inequities of a

439
00:24:07,000 --> 00:24:09,880
Speaker 1: system which has locked up people of color for such

440
00:24:09,880 --> 00:24:14,879
Speaker 1: offenses at disproportionate rates and in her faith. Ceremony in

441
00:24:15,000 --> 00:24:18,160
Speaker 1: support of Ukraine was held out of Ukrainian Orthodox Cathedral

442
00:24:18,160 --> 00:24:21,040
Speaker 1: in New York City. Governor Hokel attended the event and

443
00:24:21,080 --> 00:24:24,159
Speaker 1: praised the defiance of the Ukrainian people in the face

444
00:24:24,240 --> 00:24:30,000
Speaker 1: of Russia's invasion. Ukrainians stand up, women grabbing weapons and

445
00:24:30,040 --> 00:24:33,600
Speaker 1: going to the front line, some taking their children as safety,

446
00:24:33,600 --> 00:24:35,680
Speaker 1: but others staying I'll stand with the men and will

447
00:24:35,720 --> 00:24:40,320
Speaker 1: fight back. Governor Hokel said she was immersing herself in

448
00:24:40,400 --> 00:24:44,439
Speaker 1: the community. South Korea has elected a new president, Conservative

449
00:24:44,560 --> 00:24:47,680
Speaker 1: Une Szukio defeated his rival in one of the country's

450
00:24:47,680 --> 00:24:51,880
Speaker 1: most closely fought presidential elections. Une spoke with President Joe

451
00:24:51,880 --> 00:24:54,840
Speaker 1: Biden shortly after his win. He takes office in May.

452
00:24:55,040 --> 00:24:57,920
Speaker 1: Former astronaut Scott Kelly is upset with the head of

453
00:24:58,000 --> 00:25:01,520
Speaker 1: Russia's space agency for threatening on social media to leave

454
00:25:01,520 --> 00:25:04,280
Speaker 1: one of the American astronauts on the International Space Station

455
00:25:04,359 --> 00:25:08,240
Speaker 1: behind when a Russian soy Use spacecraft departs the station

456
00:25:08,320 --> 00:25:11,920
Speaker 1: later this month. Kelly says he found the comments outrageous.

457
00:25:12,200 --> 00:25:15,320
Speaker 1: The people at the Russian Space Agency, I've known many

458
00:25:15,359 --> 00:25:18,760
Speaker 1: of them for well over two decades. I trust them.

459
00:25:18,800 --> 00:25:22,720
Speaker 1: I've literally literally trusted them with my life before. Kelly

460
00:25:22,800 --> 00:25:25,040
Speaker 1: also says the events of the past few weeks have

461
00:25:25,200 --> 00:25:27,679
Speaker 1: taught us to prepare for the worst and hope for

462
00:25:27,760 --> 00:25:31,199
Speaker 1: the best. A federal lawsuit filed in Colorado claims a

463
00:25:31,240 --> 00:25:36,240
Speaker 1: group of Donald Trump's supporters called the US Election Integrity Plan,

464
00:25:36,800 --> 00:25:39,520
Speaker 1: has been sending its agents to people's homes in an

465
00:25:39,520 --> 00:25:42,760
Speaker 1: effort to intimidate voters they are said to have sent agents,

466
00:25:42,760 --> 00:25:46,360
Speaker 1: in some cases armed to voters homes, asking questions and

467
00:25:46,560 --> 00:25:49,679
Speaker 1: taking pictures. Courtney hostedd Lary is one of the attorneys

468
00:25:49,720 --> 00:25:52,280
Speaker 1: on the suit. What it means is voters now have

469
00:25:52,480 --> 00:25:56,320
Speaker 1: to be worried about, you know, whether or not voting

470
00:25:56,400 --> 00:25:59,200
Speaker 1: is going to bring somebody dangerous to their dwarf attorney

471
00:25:59,200 --> 00:26:01,920
Speaker 1: asked Adler say as the suit sites the Voting Rights

472
00:26:01,960 --> 00:26:04,800
Speaker 1: Act and the ku Klux Klan Acts and its effort

473
00:26:04,840 --> 00:26:07,760
Speaker 1: to stop the group. Global News twenty four hours a

474
00:26:07,840 --> 00:26:10,400
Speaker 1: day on air and on Bloomberg Quick Take, powered by

475
00:26:10,440 --> 00:26:13,480
Speaker 1: more than twenty seven hundred journalists analysts more than a

476
00:26:13,520 --> 00:26:17,639
Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg. Nathan, thanks Michael,

477
00:26:22,320 --> 00:26:24,320
Speaker 1: coming up to six thirty six on Wall Street and

478
00:26:24,400 --> 00:26:27,320
Speaker 1: John Stashowers got the Bloomberg Sports Update all right, Nathan

479
00:26:27,440 --> 00:26:29,199
Speaker 1: Nicks and joined Life on the Road. They had that

480
00:26:29,440 --> 00:26:32,400
Speaker 1: heartbreaking loss in Phoenix when the Sun's banking a three

481
00:26:32,440 --> 00:26:34,199
Speaker 1: pointer at the buzzer, but they beat the Clippers in

482
00:26:34,280 --> 00:26:36,560
Speaker 1: l A. They came from twenty down at Sacramento and

483
00:26:36,600 --> 00:26:39,200
Speaker 1: they cruised to an easy win in Dallas one oh

484
00:26:39,280 --> 00:26:42,440
Speaker 1: seven seventies seven. So After going nearly two months without

485
00:26:42,480 --> 00:26:44,000
Speaker 1: two wins in a row, the Knicks has now won

486
00:26:44,080 --> 00:26:47,119
Speaker 1: three straight. Julius Randall, coming off a career high forty

487
00:26:47,160 --> 00:26:49,879
Speaker 1: six points this time, had twenty six at his hometown. R. J.

488
00:26:49,960 --> 00:26:53,680
Speaker 1: Barrett added eighteen those in the games, that's all we're

489
00:26:53,720 --> 00:26:57,119
Speaker 1: doing different, you know, because the past couple of games

490
00:26:57,119 --> 00:26:59,720
Speaker 1: before that we always you know, are winning, would leave

491
00:27:00,040 --> 00:27:04,840
Speaker 1: and we will lose it. So the differences now. Randall

492
00:27:04,840 --> 00:27:07,000
Speaker 1: called it the knicks best defensive effort of the season.

493
00:27:07,000 --> 00:27:09,639
Speaker 1: They held the MAVs to thirty one percent shooting. Dallas

494
00:27:09,720 --> 00:27:12,880
Speaker 1: was six of forty four on three pointers. Started over

495
00:27:13,080 --> 00:27:17,240
Speaker 1: nineteen nixer in Memphis tomorrow, Nets and sixers tonight in Philadelphia.

496
00:27:17,280 --> 00:27:20,119
Speaker 1: So the Nets face James Harden. Ben Simmons still not

497
00:27:20,200 --> 00:27:22,199
Speaker 1: playing yet for his new team. He had refused to

498
00:27:22,200 --> 00:27:24,879
Speaker 1: play for Philly. He will be there tonight sitting on

499
00:27:24,920 --> 00:27:27,760
Speaker 1: the Nets bench. Big East Tournament Garden St. John beat

500
00:27:27,760 --> 00:27:31,240
Speaker 1: De Paul seventy free. Steaton Hall got by Georgetown fifty

501
00:27:31,280 --> 00:27:33,840
Speaker 1: seven fifty three. Big upset at the Matt Tourney in

502
00:27:33,880 --> 00:27:37,720
Speaker 1: Atlantic City, Rider top Diona seventy one seventy. The Gals

503
00:27:37,720 --> 00:27:40,440
Speaker 1: had beaten the Bronx twice in the regular season, once

504
00:27:40,480 --> 00:27:43,919
Speaker 1: by twenty six, but Rider advances in Iona will settle

505
00:27:43,960 --> 00:27:45,760
Speaker 1: for the n I T. Colgate go into the n

506
00:27:45,800 --> 00:27:48,200
Speaker 1: C Double as the second in a row. The baseball

507
00:27:48,280 --> 00:27:51,959
Speaker 1: lockout continues. Two more series canceled now wiped out as

508
00:27:51,960 --> 00:27:54,399
Speaker 1: a Mets road trip in Philly and Washington and a

509
00:27:54,440 --> 00:27:58,199
Speaker 1: Yankee homestand with Toronto and Boston. The earliest the season

510
00:27:58,280 --> 00:28:03,520
Speaker 1: could begin is now four. John Stally movers Okay, John,

511
00:28:03,520 --> 00:28:05,600
Speaker 1: thank you. At six thirty seven on Wall Street. Let's

512
00:28:05,640 --> 00:28:08,840
Speaker 1: get more now. On this morning's Market Action, Bloomberg television

513
00:28:08,840 --> 00:28:12,200
Speaker 1: anchor and markets reporter Danny Berger is with us this morning.

514
00:28:12,680 --> 00:28:15,639
Speaker 1: So much for the relief rally, Danny, I know, really

515
00:28:15,760 --> 00:28:18,080
Speaker 1: running out of steam. I mean there there were a

516
00:28:18,080 --> 00:28:20,800
Speaker 1: lot of questions yesterday should be said, whether you know

517
00:28:20,840 --> 00:28:23,440
Speaker 1: there was any staying power to the rally, But we

518
00:28:23,480 --> 00:28:26,360
Speaker 1: should say that this is a market that is trading

519
00:28:26,400 --> 00:28:28,640
Speaker 1: based off of headlines, and that's what it really needs.

520
00:28:28,640 --> 00:28:32,359
Speaker 1: It needs more positive headlines coming out of Ukraine, coming

521
00:28:32,359 --> 00:28:36,399
Speaker 1: out of Russia, anything to alleviate some of the supply pressures,

522
00:28:36,480 --> 00:28:38,720
Speaker 1: anything that brings the price of oil down. And we

523
00:28:38,800 --> 00:28:42,160
Speaker 1: just haven't had that today, So absent any positive news,

524
00:28:42,600 --> 00:28:46,200
Speaker 1: this is what the market has been doing, just drifting downwards. Yeah,

525
00:28:46,200 --> 00:28:50,080
Speaker 1: it does seem as though the warheadlines, all the developments

526
00:28:50,120 --> 00:28:52,320
Speaker 1: there have pushed off what we thought would have been

527
00:28:52,320 --> 00:28:55,040
Speaker 1: the catalysts a couple of weeks ago. Of course, central

528
00:28:55,080 --> 00:28:59,560
Speaker 1: banks and inflation, Yeah, exactly, it's it's it's a strange

529
00:28:59,560 --> 00:29:02,360
Speaker 1: world where these types of things take a back seat. Now,

530
00:29:02,760 --> 00:29:06,560
Speaker 1: the ECB decision, it will be really fascinating today because

531
00:29:06,760 --> 00:29:10,920
Speaker 1: the ECB is in a very difficult position. Um, they're

532
00:29:10,920 --> 00:29:14,040
Speaker 1: facing a crisis on their hands, in economic crisis of course,

533
00:29:14,080 --> 00:29:18,440
Speaker 1: alongside the humanitarian one. Um, but what tools do they

534
00:29:18,480 --> 00:29:22,640
Speaker 1: have to ensure that economy stays stable? Inflation is shooting higher, um,

535
00:29:22,680 --> 00:29:25,400
Speaker 1: And they've already are at they're already at an extremely

536
00:29:25,440 --> 00:29:29,480
Speaker 1: accommodative stance considering Um, you know, we're only just starting

537
00:29:29,520 --> 00:29:32,680
Speaker 1: to get out of the damage COVID did to the economy.

538
00:29:32,800 --> 00:29:34,560
Speaker 1: So you know, what are they going to do? It's

539
00:29:34,640 --> 00:29:37,040
Speaker 1: very unclear, but it will set the pace for other

540
00:29:37,080 --> 00:29:39,800
Speaker 1: central banks as they deal with this crisis. And of course,

541
00:29:39,800 --> 00:29:42,200
Speaker 1: obviously we're gonna be looking ahead to the Fed on

542
00:29:42,320 --> 00:29:45,800
Speaker 1: Wednesday and we get the CPI data just a couple

543
00:29:45,800 --> 00:29:48,600
Speaker 1: of hours from now, Could that be a catalyst when

544
00:29:48,640 --> 00:29:55,040
Speaker 1: we're expecting yet another historically high print for prices. I

545
00:29:55,080 --> 00:29:58,400
Speaker 1: think that the expectation for high inflation in the U

546
00:29:58,520 --> 00:30:00,680
Speaker 1: s is baked into the cave. Of course, there are

547
00:30:00,680 --> 00:30:04,080
Speaker 1: people who see even more inflation. Um. There have been

548
00:30:04,120 --> 00:30:08,480
Speaker 1: double digit estimates thrown out there, um. And so yeah,

549
00:30:08,520 --> 00:30:10,200
Speaker 1: we'll have these numbers today. But I have to say

550
00:30:10,240 --> 00:30:13,440
Speaker 1: I think that most people already anticipating that they will

551
00:30:13,720 --> 00:30:16,920
Speaker 1: be extremely high. And much like the ECB, isn't a

552
00:30:16,920 --> 00:30:19,680
Speaker 1: difficult position. Certainly the said will be as well. Do

553
00:30:19,760 --> 00:30:22,400
Speaker 1: they need to slam on the brakes? But we're doing

554
00:30:22,520 --> 00:30:26,320
Speaker 1: so hamper US economic growth with all these supply constraints

555
00:30:26,360 --> 00:30:29,080
Speaker 1: as well. Lots to keep on top of this morning

556
00:30:29,120 --> 00:30:32,600
Speaker 1: for Bloomberg television anchor and markets reporter Danny Burger. We

557
00:30:32,680 --> 00:30:36,720
Speaker 1: get that ECB decision just a few minutes from now actually,

558
00:30:36,840 --> 00:30:39,560
Speaker 1: and then of course the consumer price Index back here

559
00:30:39,600 --> 00:30:41,320
Speaker 1: in the US for the month of February that's coming

560
00:30:41,320 --> 00:30:44,040
Speaker 1: out at eight thirty Wall Street time. Lots to keep

561
00:30:44,080 --> 00:30:46,880
Speaker 1: on top of ahead of the market open this morning,

562
00:30:47,120 --> 00:30:50,840
Speaker 1: looking ahead to that open, futures are moving lower. SMP

563
00:30:51,000 --> 00:30:54,560
Speaker 1: futures down thirty eight points, down futures down three fourteen

564
00:30:54,600 --> 00:30:57,000
Speaker 1: and NASTACK futures leading the declines right now down a

565
00:30:57,080 --> 00:30:59,960
Speaker 1: hundred sixty eight points. The tenure Treasury now up six

566
00:31:00,120 --> 00:31:04,800
Speaker 1: thirty seconds, the yield one nine and nime X screwed

567
00:31:04,880 --> 00:31:07,560
Speaker 1: right now surging once again up four point two percent,

568
00:31:07,640 --> 00:31:12,120
Speaker 1: four dollars fifty five cents at ady cents of barrel.

569
00:31:12,760 --> 00:31:16,280
Speaker 1: Much more to come, including the house band on Russian oil.

570
00:31:16,440 --> 00:31:20,000
Speaker 1: Bloomberg Government's Jack Fitzpatrick joins us next, this is Bloomberg

571
00:31:22,600 --> 00:31:25,680
Speaker 1: Bloomberg eleven three oh weather. We're looking for sunshine and

572
00:31:25,760 --> 00:31:27,720
Speaker 1: hiding the upper forties today, mix of sun and clouds

573
00:31:27,800 --> 00:31:31,360
Speaker 1: upper forties tomorrow, rainy, wendy, maybe some wet snow on Saturday,

574
00:31:31,360 --> 00:31:33,800
Speaker 1: with temperatures falling through the afternoon. Right now, fog in

575
00:31:33,920 --> 00:31:40,000
Speaker 1: thirty three degrees. Markets, headlines and breaking news twenty four

576
00:31:40,000 --> 00:31:43,040
Speaker 1: hours a day at Bloomberg dot com, the Bloomberg Business

577
00:31:43,080 --> 00:31:52,680
Speaker 1: at and at Bloomberg Quicktape is a Bloomberg Business Flash.

578
00:31:53,400 --> 00:31:56,240
Speaker 1: And I'm para in Moscow and futures are lower this morning.

579
00:31:56,320 --> 00:31:58,240
Speaker 1: Let's go to the first word breaking news desk for

580
00:31:58,240 --> 00:32:00,960
Speaker 1: today's morning call. Here's film in a bill. Good morning

581
00:32:01,760 --> 00:32:04,000
Speaker 1: and good morning, Karen. That's right, U S. Teachers are

582
00:32:04,040 --> 00:32:06,920
Speaker 1: sinking right now as your train talks made no progress.

583
00:32:07,280 --> 00:32:09,520
Speaker 1: Deaf youture currently down three hundred four points has to

584
00:32:09,560 --> 00:32:13,320
Speaker 1: be strop thirty seven nastac features lower by one. The

585
00:32:13,400 --> 00:32:16,040
Speaker 1: US ten yeld at one point nine four percent. Gold

586
00:32:16,080 --> 00:32:18,920
Speaker 1: and oil are both rising, but bitcoin is plunging by

587
00:32:19,000 --> 00:32:22,480
Speaker 1: six point eight percent. Europan markets are also under pressure,

588
00:32:22,560 --> 00:32:25,040
Speaker 1: led by three percent to clients in Italy and back

589
00:32:25,040 --> 00:32:27,280
Speaker 1: in the US. On the economic frontday thirty u S

590
00:32:27,360 --> 00:32:31,200
Speaker 1: February CPI and initial javas claims after the Ballance night,

591
00:32:31,200 --> 00:32:34,560
Speaker 1: crowd strike being estimates and Amazon announced twenty one split

592
00:32:34,880 --> 00:32:37,840
Speaker 1: and a ten billion dollar buyback, and other news. Workers

593
00:32:37,840 --> 00:32:41,560
Speaker 1: had three more Starbucks stores voted to unionize and wrapping

594
00:32:41,560 --> 00:32:43,760
Speaker 1: things up. Croud strike was raised by a bt I

595
00:32:43,840 --> 00:32:46,560
Speaker 1: g KB home was raised to overweight over edge. JP

596
00:32:46,680 --> 00:32:49,960
Speaker 1: Morgan live from the first Breaking news descomb Bill Maloney,

597
00:32:49,960 --> 00:32:52,280
Speaker 1: care all right, Bill, thank you, and here live breaking

598
00:32:52,280 --> 00:32:54,640
Speaker 1: news over here. Bloomberg type squawk on your termin I'll

599
00:32:54,680 --> 00:32:57,440
Speaker 1: ascue you a w K. That's a Bloomberg business Flash.

600
00:32:57,440 --> 00:32:59,560
Speaker 1: Now here's Michael Barr with more on what's going on

601
00:32:59,600 --> 00:33:03,120
Speaker 1: around the Karen, thank you very much. Ukraine and Russia

602
00:33:03,160 --> 00:33:05,880
Speaker 1: made little progress in halting the war. At the first

603
00:33:05,920 --> 00:33:09,400
Speaker 1: high level talks between their foreign ministers since the Russian

604
00:33:09,400 --> 00:33:13,560
Speaker 1: invasion began, Russia indicated it will continue attacks until its

605
00:33:13,600 --> 00:33:17,160
Speaker 1: goals are met. Russia and Ukraine's foreign ministers met in

606
00:33:17,200 --> 00:33:21,560
Speaker 1: Turkey today. Meanwhile, the City Council of Marupol says a

607
00:33:21,680 --> 00:33:24,840
Speaker 1: Russian air strike on a hospital kill three people, including

608
00:33:24,840 --> 00:33:28,520
Speaker 1: a child. Major League Baseball has cut another week of

609
00:33:28,560 --> 00:33:32,120
Speaker 1: the upcoming season with a lockout and it's day. The

610
00:33:32,160 --> 00:33:34,959
Speaker 1: decision means the season won't begin until April fourteenth at

611
00:33:34,960 --> 00:33:37,880
Speaker 1: the earliest. In the NBA the next and Celtics won,

612
00:33:37,920 --> 00:33:40,440
Speaker 1: the Wizards lost. In the NHL, the Capitals lost in

613
00:33:40,520 --> 00:33:44,400
Speaker 1: overtime to the Oilers. For three Global News twenty four

614
00:33:44,440 --> 00:33:47,880
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered

615
00:33:47,920 --> 00:33:50,440
Speaker 1: by more than twenty seven under journalist and analysts more

616
00:33:50,480 --> 00:33:53,640
Speaker 1: than a hundred twenty countries. Michael Barr, this is Bloomberg.

617
00:33:54,280 --> 00:34:00,320
Speaker 1: The following commentary is from Bloomberg Opinion Audiences. I'm Jonathan Instein,

618
00:34:00,320 --> 00:34:03,520
Speaker 1: a calumnist for Bloomberg Opinion. Joe Biden's public statement announcing

619
00:34:03,520 --> 00:34:05,640
Speaker 1: a US cut off of Russian oil was an excellent

620
00:34:05,640 --> 00:34:10,080
Speaker 1: example of how multiple audiences complicate and constrain presidents. Start

621
00:34:10,160 --> 00:34:13,319
Speaker 1: with Vladimir Putin, Biden's goal continues to be impressing on

622
00:34:13,400 --> 00:34:15,600
Speaker 1: him how seriously the U S and its allies take

623
00:34:15,640 --> 00:34:18,760
Speaker 1: Putin's aggression and how severe the consequences will be without

624
00:34:18,840 --> 00:34:22,200
Speaker 1: doing anything that risks enlarging the war. Biden's next audience

625
00:34:22,239 --> 00:34:24,400
Speaker 1: of the Ukrainians. He wants them to keep fighting and

626
00:34:24,440 --> 00:34:27,120
Speaker 1: feel strong support, even if he can't give them the

627
00:34:27,160 --> 00:34:30,760
Speaker 1: unqualified assistance they want. And then there are NATO allies,

628
00:34:30,800 --> 00:34:33,800
Speaker 1: friendly nations, other world leaders, as well as private companies

629
00:34:34,000 --> 00:34:37,080
Speaker 1: and other non government actors, all of whom pay attention

630
00:34:37,120 --> 00:34:39,680
Speaker 1: to what presidents say. Only after all of that can

631
00:34:39,719 --> 00:34:43,200
Speaker 1: Biden worry about audiences at home, including voters. For them,

632
00:34:43,440 --> 00:34:46,840
Speaker 1: Biden's interest remains playing down the rush of Ukraine situation.

633
00:34:47,000 --> 00:34:49,680
Speaker 1: His primary message for voters remains reassuring them that the

634
00:34:49,800 --> 00:34:52,319
Speaker 1: United States is not at war and will not go

635
00:34:52,400 --> 00:34:55,560
Speaker 1: to war, whatever else he's saying for others. I'm Jonathan

636
00:34:55,560 --> 00:34:57,839
Speaker 1: Bernstein for more opinion Please go to Bloomberg dot com,

637
00:34:57,880 --> 00:35:01,280
Speaker 1: Slash Opinion or Opia and go on the Bloomberg terminal.

638
00:35:01,880 --> 00:35:06,040
Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentaries can

639
00:35:06,080 --> 00:35:08,880
Speaker 1: be heard every weekday at this time and terminal customers

640
00:35:08,880 --> 00:35:11,600
Speaker 1: can read more at O P I N GO. It

641
00:35:11,719 --> 00:35:13,719
Speaker 1: is six fifty on Wall Street. Less turned to news

642
00:35:13,719 --> 00:35:16,279
Speaker 1: and science and technology now with the Bloomberg and j

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Speaker 1: I T STEM Report, brought to you by the New

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Speaker 1: Jersey Institute of Technology and j I T makes Infrastructure

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00:35:22,200 --> 00:35:26,840
Speaker 1: ready graduates from civil engineers to transportation specialists. If it's infrastructure,

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00:35:26,960 --> 00:35:29,400
Speaker 1: n j I T grads are building it. More at

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Speaker 1: n j I T dot e DU Now Here's US

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Speaker 1: making news and science, Technology, Engineering, and math. President Biden

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Speaker 1: has signed an executive order on government overside of cryptocurrency

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Speaker 1: that urges the Federal Reserve to explore whether the Central

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Speaker 1: Bank should jump in and create its own digital currency.

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Speaker 1: The government says survey show that roughly sixteen percent of

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Speaker 1: adult Americans, or forty million people, have invested in cryptocurrencies.

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Speaker 1: US Climate Envoy John Kerry says he thinks rich countries

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Speaker 1: can finally meet their pledge to provide one hundred billion

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Speaker 1: dollars annually to help poor nations cope with climate change

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Speaker 1: beginning this year and will definitely reach that amount in

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Speaker 1: three That would be at least two years later than

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Speaker 1: the targets sent by developed countries at a UN Climate

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Speaker 1: summit in Copenhagen in two thousand nine. And for the

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Speaker 1: first time in more than two decades, Amazon is planning

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Speaker 1: to split its stock. The e commerce giant announced at

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Speaker 1: twenty for one to split and at ten billion dollar

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Speaker 1: share buy back. Tech giants such as Alphabet and Apple

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Speaker 1: have used stock splits to make their shares more attractive

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Speaker 1: to retail investors, and as a Bloomberg n j I

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Speaker 1: t Stem report Nathan Okay, Karen, thank you. We are

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Speaker 1: live from the Bloomberg Interactive Brokers studios where it's almost

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Speaker 1: six fifty two on Wall Street time now to check

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Speaker 1: what's going on in DC. Very busy times in the

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Speaker 1: nation's capital, the House has voted to ban Russian oil

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Speaker 1: imports in it a bipartisan uproar over the war in Ukraine,

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Speaker 1: lawmakers have passed to one and a half trillion dollars

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Speaker 1: spending measure with Ukraine eight as well, and the US

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Speaker 1: is considering looser economic restrictions on Venezuela. Let's bring in

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Speaker 1: Bloomberg Government Congressional reporter Jack fitz Patrick, who has been

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Speaker 1: very busy covering all these developments. Jack, good morning. Let's

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Speaker 1: start with the Russian oil band. Seems like that's at

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Speaker 1: least one thing that lawmakers can find bipartisan agreement around. Yeah,

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Speaker 1: that had a lot of bipartisan support. It did get

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Speaker 1: watered down a little bit. This essentially follows the track

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Speaker 1: that President Biden has already chosen to take his He

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00:37:22,239 --> 00:37:25,040
Speaker 1: was pushed by Congress to take this path to cut

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Speaker 1: off any imports of Russian oil, gas, and coal. Uh.

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Speaker 1: It doesn't add much else. Besides that, there appeared to

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Speaker 1: be bipartisans support for a measure to uh end Russia's

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Speaker 1: normal trade status, effectively allowing more tariffs on Russia that

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00:37:44,120 --> 00:37:46,400
Speaker 1: ended up getting pulled out at the request of the

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Speaker 1: White House. So it's not entirely clear where this goes

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Speaker 1: in the Senate because there is support for this kind

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Speaker 1: of bill, but it doesn't really push anything much further.

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Speaker 1: Uh So we haven't heard when it would get a

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Speaker 1: Senate vote exactly. It is by artisan but it really

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Speaker 1: has been mirrored by President Biden's own actions in his

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Speaker 1: own right. Have we got any more clarity from the

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Speaker 1: White House on why they didn't want that normal trade

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Speaker 1: status provision included, not specifically. They played that pretty quietly.

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Speaker 1: Our colleagues have reported that that was taken out at

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Speaker 1: the request of the White House, but they, uh, you know,

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Speaker 1: I have have not really laid out their reasoning exactly.

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Speaker 1: I think the broader context is they have tried to

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Speaker 1: keep some options on the table. They haven't argued outright

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Speaker 1: against the idea of more sanctions on Russia, but when

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Speaker 1: Congress has sought to push them to do more, the

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Speaker 1: White House has often sort of gone back and said,

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Speaker 1: let's leave ourselves some options, possibly adding some in the future,

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Speaker 1: depending on exactly how this plays out over the next

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Speaker 1: month or more. And it certainly looks as though Congress

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Speaker 1: hasn't closed the door on further aid to Ukraine. Well,

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Speaker 1: let's talk about this big spending bill that finally got

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Speaker 1: past out of the House. It includes a lot more

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Speaker 1: Ukraine aid than even the White House have been asking for. Yeah,

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Speaker 1: the the conversation initially was for I think six point

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Speaker 1: four billion was the first request for Ukraine aid it

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Speaker 1: went up to ten billion. Then the House just passed

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Speaker 1: thirteen point six billion UH in this supplemental Ukraine bill

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Speaker 1: along with the broader government funding bill. About half of

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Speaker 1: that almost half, about a six and a half billion,

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Speaker 1: goes to d O D, largely to refill their coffers

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Speaker 1: for things they've already done to help Ukraine. But there

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Speaker 1: are there's a few billion dollars for humanitarian needs UH

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Speaker 1: and members we've talked to, including Chris Murphy and the

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Speaker 1: Senate have already said, you know, this could be more

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Speaker 1: of a down payment. We could actually see more bills

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Speaker 1: in the future, either on the defense side and or

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Speaker 1: the humanitarian side for Ukraine. Finally, Jack, what more are

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Speaker 1: we hearing about this potential faugh in relations between the

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Speaker 1: US and Venezuela. We know there was that surprise meeting

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Speaker 1: over the week end with Biden administration officials in Venezuela.

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Speaker 1: What's what's come out of that? Yes, our colleague Jordan

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Speaker 1: Fabian has has reported, citing an administration official, that that

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Speaker 1: conversation did occur and that really the focus was that

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Speaker 1: if the US is going to relax economic pressure and

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Speaker 1: if there's going to be especially imports of Venezuelan oil

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Speaker 1: to the US. They're waiting to see how conversations between

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Speaker 1: Nicholas Maduro and his political opposition go. So this is

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Speaker 1: essentially seems to be a message from the White House,

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Speaker 1: uh that they want to see uh some democratic reforms

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Speaker 1: or movement toward democracy before really opening up a real

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Speaker 1: economic relationship between the US and Venezuela. I certainly would

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Speaker 1: be a big shift in foreign policy. Okay, Jack, thanks

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Speaker 1: as always. That's Bloomberg Government congressional reporter Jack Fitzpatrick. Read

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Speaker 1: much more about all these stories at Bloomberg dot com

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00:40:56,840 --> 00:40:59,080
Speaker 1: or on the Bloomberg terminal, and listen to Bloomberg Radio

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00:40:59,120 --> 00:41:02,839
Speaker 1: in Washington Bomberg and one oh five point seven fm

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Speaker 1: h D two Karen Allry, Nathan, thank you at at

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Speaker 1: six fifty six on Wall Street. And this is Bloomberg Daybreak.

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Speaker 1: March as Women's History Month, and every day this month

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Speaker 1: we are celebrating significant moments in women's history. Now at

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Speaker 1: your installment for March tenth, here's Bloomberg shre eight a

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00:41:18,880 --> 00:41:21,920
Speaker 1: young on this day in women's history. In twenty fifteen,

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00:41:22,320 --> 00:41:25,799
Speaker 1: Los Angeles celebrates Susan An Cutty Day. She's the first

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00:41:25,960 --> 00:41:28,880
Speaker 1: Asian American woman to join the U. S. Navy and

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00:41:29,000 --> 00:41:33,400
Speaker 1: its first female Gunneryofficer. Cutty rose to the rank of lieutenant.

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00:41:33,800 --> 00:41:36,960
Speaker 1: She later worked for U. S. Naval Intelligence, the Library

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Speaker 1: of Congress, and the National Security Agency. Cutty is also

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00:41:40,840 --> 00:41:43,759
Speaker 1: the daughter of the first married Korean couple to immigrate

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00:41:43,800 --> 00:41:48,080
Speaker 1: to the US. She served during World War Two. During

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00:41:48,120 --> 00:41:51,080
Speaker 1: the first celebration of Susann Cutty Day, she was one

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00:41:51,160 --> 00:41:54,239
Speaker 1: hundred years old, she said when the war came, she

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00:41:54,360 --> 00:41:57,319
Speaker 1: was motivated to fight for freedom, and it didn't matter

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00:41:57,400 --> 00:42:01,240
Speaker 1: whether she was Asian or not. During her service, Cutty

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00:42:01,280 --> 00:42:04,600
Speaker 1: had to endure segregation and racism and had to marry

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Speaker 1: her Irish American husband on a naval base because interracial

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00:42:08,480 --> 00:42:11,320
Speaker 1: marriages were against the law at the time in Virginia.

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Speaker 1: That's to day in women's history. I'm RENI to young

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00:42:15,200 --> 00:42:18,120
Speaker 1: Bloomberg radio, all right, Reny to thank you, and again

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00:42:18,160 --> 00:42:22,320
Speaker 1: General Electric reiterating it's twenty two financial targets that include

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Speaker 1: generating as much as six and a half billion dollars

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00:42:24,840 --> 00:42:28,240
Speaker 1: in free cash flow, even as Russia's invasion at Ukraine

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00:42:28,239 --> 00:42:30,960
Speaker 1: has plunge global markets into uncertainty. And we'll get much

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00:42:31,000 --> 00:42:33,360
Speaker 1: more on General Electric this afternoon when we speak to

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00:42:33,440 --> 00:42:36,480
Speaker 1: Chief executive Larry Coulp. You can hear that interview today

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00:42:36,520 --> 00:42:40,520
Speaker 1: on Bloomberg Television and radio at twelve thirty Wall Street time.

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00:42:40,560 --> 00:42:45,080
Speaker 1: Bloomberg Surveillance is straight ahead for Nathan Hagar. I'm Karen Moscow,

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Speaker 1: and this is Bloomberg