WEBVTT - Bloomberg Daybreak: March 10, 2022 - Hour 2 (Radio) 0:00:04.280 --> 0:00:07.520 Live from the Bloomberg Interactor Burgers Studios. This is Bloomberg 0:00:07.600 --> 0:00:11.160 day Break for Thursday, March two. Coming up this hour. 0:00:11.720 --> 0:00:14.480 Ukraine and Russia hold the highest level talks since the 0:00:14.520 --> 0:00:18.200 start of the war. Global stocks falling after yesterday's rally, 0:00:18.440 --> 0:00:22.040 Wall Street braces for another historic reading on inflation, and 0:00:22.120 --> 0:00:25.040 Amazon shares rally on a twenty for one stuff split. 0:00:25.440 --> 0:00:28.320 The first licenses to sell recreational pot in New York 0:00:28.360 --> 0:00:32.000 will go to people with marijuana related convictions. South Korea 0:00:32.040 --> 0:00:35.920 has elected a new president. I'm Michael Blah I'm John 0:00:35.960 --> 0:00:38.320 stash Our in sports, third straight win for the nixt 0:00:38.320 --> 0:00:44.680 st John's advances, and the baseball lockout continues. That's all 0:00:44.720 --> 0:00:48.680 straight ahead on Bloomberg day Break on Bloomberg eleven FREO 0:00:48.800 --> 0:00:54.120 New York, Bloomberg Washington, d C, Bloomberg one O six one, Boston, 0:00:54.280 --> 0:00:59.240 Bloomberg nine six, Francisco, Sirius x M one nineteen and 0:00:59.320 --> 0:01:02.080 around the world Old on Bloomberg Radio dot Com and 0:01:02.240 --> 0:01:08.520 via The Bloomberg Business or Good Morning. I'm Nathan Hagar, 0:01:08.840 --> 0:01:11.640 but I'm Karen Moscow and US Dock index futures are 0:01:11.720 --> 0:01:13.960 lower this morning. Work coming up to six O one 0:01:14.000 --> 0:01:16.000 on Wall Street, and we check the markets every fifteen 0:01:16.000 --> 0:01:18.960 minutes throughout the trading day on Bloomberg. Right now, SMP 0:01:19.160 --> 0:01:21.759 futures are down thirty three points down, features down two 0:01:21.800 --> 0:01:25.959 hundred seventy NASDAG futures down one forty six the decks 0:01:25.959 --> 0:01:28.560 in Germany's down two and a quarter percent. Ten year 0:01:28.600 --> 0:01:31.600 treasury up seven thirty seconds, held one point nine two percent, 0:01:31.959 --> 0:01:34.400 yield on the two year one point six six percent. 0:01:34.600 --> 0:01:36.720 Nathan Karen, we begin with the latest in the war 0:01:36.760 --> 0:01:39.520 in Ukraine. Foreign ministers from Russia and Ukraine met in 0:01:39.520 --> 0:01:42.120 Turkey today but failed to make progress in talks to 0:01:42.200 --> 0:01:45.520 stop the war. Moscow says it will continue attacks until 0:01:45.600 --> 0:01:48.840 its demands are met, including the surrender of Ukraine. We 0:01:48.920 --> 0:01:52.600 get more from Bloomberg, said back Stair. President Zelenski's deputy 0:01:52.640 --> 0:01:56.480 chief of staff, Zokova, says that ultimately it will be 0:01:56.520 --> 0:02:00.320 solved whether Zelensky putin face to face. So asked the 0:02:00.320 --> 0:02:04.360 world community to existance in having these direct negotiations to 0:02:04.400 --> 0:02:08.160 sit down with at the negotiation table. Meanwhile, Pentagon spokesman 0:02:08.240 --> 0:02:11.000 John Kirby says the US doesn't think Poland's idea to 0:02:11.040 --> 0:02:14.480 supply makes the Ukraine will work. The intelligence community has 0:02:14.520 --> 0:02:17.320 assessed the transfer of mid twenty nine to Ukraine may 0:02:17.320 --> 0:02:20.440 be mistaken as escalatory, and Kirby says that would hurt 0:02:20.560 --> 0:02:24.400 Ukraine even further. In San Francisco, I'm at Baxter Bloomberg, 0:02:24.440 --> 0:02:27.280 Gay break all right and thank you Meantime, Ukrainian President 0:02:27.320 --> 0:02:31.760 vladimir'sz Lensky is accusing Russia of war crimes, as after 0:02:31.800 --> 0:02:34.520 an air strike hit an maternity hospital and the besieged 0:02:34.520 --> 0:02:39.000 city of Mariopol. An aerial obama on an maternity hospital 0:02:39.120 --> 0:02:41.600 is the conclusive evidence that what is happening is a 0:02:41.639 --> 0:02:45.239 genocide of Ukrainians Europeans. You won't be able to say 0:02:45.280 --> 0:02:47.560 that you didn't see what happened to Ukrainians and Mary 0:02:47.680 --> 0:02:51.880 up Paul, you saw. You know. Consequently, you must strengthen 0:02:52.000 --> 0:02:54.520 sanctions against Russia so that it never has the chance 0:02:54.560 --> 0:02:57.920 to continue this genocide. President Zelenski. He said the attack 0:02:58.000 --> 0:03:01.040 hill three people, including a child. That's according to Mario 0:03:01.120 --> 0:03:04.560 Pol's city council, and President Zelenski is still asking NATO 0:03:04.680 --> 0:03:06.520 to set up a no fly zone Karen, but the 0:03:06.520 --> 0:03:10.640 Pentagon warns that would escalate the situation. Illinois Democrat Roger 0:03:10.680 --> 0:03:13.679 Christian Murthy sits on the House Intelligence Committee. We can't 0:03:13.760 --> 0:03:16.800 let Prutin decide what we're going to do to help 0:03:16.919 --> 0:03:21.280 our friends defend their freedom. And so when President Zelenski 0:03:21.360 --> 0:03:24.119 asked us in a zoom call about a week ago 0:03:24.320 --> 0:03:27.560 to either enforce a no fly zone or give him 0:03:27.600 --> 0:03:29.960 the means to do so, I think we should do 0:03:30.280 --> 0:03:33.360 whatever we can. Congressman Roger Christian Murthy spoke with our 0:03:33.400 --> 0:03:36.920 Washington corresponded Joe Matthew on Bloomberg Sound on Catch the 0:03:36.960 --> 0:03:40.840 program weekdays at five pm Eastern on Bloomberg Radio, Well Nathan. 0:03:40.880 --> 0:03:43.240 The House has passed a more than thirteen billion dollar 0:03:43.280 --> 0:03:45.800 aid package for Ukraine as part of a measure to 0:03:45.840 --> 0:03:48.360 fund the US government for the coming year. Hemmy Morris 0:03:48.400 --> 0:03:52.040 has the details from our Bloomberg newsroom in Washington. The 0:03:52.120 --> 0:03:55.880 emergency Ukraine related spending includes six and a half billion 0:03:55.920 --> 0:03:58.960 dollars for the Pentagon. That's three billion to bolster U 0:03:59.120 --> 0:04:01.360 S troops in Europe and three and a half billion 0:04:01.400 --> 0:04:05.360 to replace weapons given to Ukraine. Coronavirus funding was taken 0:04:05.360 --> 0:04:08.320 out of the measure, and domestic agencies will get their 0:04:08.320 --> 0:04:11.240 biggest increases in years under the bill. Now it's up 0:04:11.240 --> 0:04:13.520 to the Senate to sign off on the legislation before 0:04:13.520 --> 0:04:17.159 the current stop gap measure expires Friday night. Just in case, 0:04:17.200 --> 0:04:19.520 the House also sent the Senate a four day spending 0:04:19.560 --> 0:04:22.680 bill just to buy a little extra time that one expires. 0:04:22.720 --> 0:04:26.720 March fifteen. In Washington, I'm Amy Morris Bloomberg Daybreak. Okay, Amy, 0:04:26.720 --> 0:04:29.719 thank you. The House also approved legislation barring US imports 0:04:29.720 --> 0:04:32.000 of Russian oil. Let's get the details on that live 0:04:32.040 --> 0:04:34.799 from Bloomberg's Rinita Young. Good morning, Grenita, Good morning Nathan. 0:04:34.839 --> 0:04:37.520 The US ban on Russian oil imports would go into 0:04:37.520 --> 0:04:40.680 effect forty five days after it's signed into law. The 0:04:40.720 --> 0:04:44.520 House legislation also takes steps to review Russia's access to 0:04:44.560 --> 0:04:48.280 the World Trade Organization, and it reauthorizes and strengthens the 0:04:48.360 --> 0:04:52.360 Magnitsky Act, which calls for sanctions on offenders of human rights. 0:04:52.600 --> 0:04:55.600 But the legislation does have a provision letting the President 0:04:55.640 --> 0:04:58.880 allow some products to be imported from Russia if they're 0:04:58.880 --> 0:05:02.120 in the national inter but they'll be subject to review 0:05:02.160 --> 0:05:04.800 by Congress. Live in New York, I'm gonna need a 0:05:04.880 --> 0:05:07.480 young Bloomberg Daybreak. I need to thank you. Inflation also 0:05:07.520 --> 0:05:10.320 and focus. This morning, with the release of February's consumer 0:05:10.360 --> 0:05:13.400 price index, we get a preview from Bloomberg's Michael McKee. 0:05:13.560 --> 0:05:16.320 A few weeks ago, many economists were eyeing in February 0:05:16.400 --> 0:05:19.400 as the peak in US consumer inflation. Now it's looking 0:05:19.400 --> 0:05:22.279 more like a fresh baseline. The consumer price index is 0:05:22.320 --> 0:05:25.840 forecast to rise the most since two but economists are 0:05:25.880 --> 0:05:28.159 now saying it could peak somewhere in the eight to 0:05:28.279 --> 0:05:31.320 nine percent range this month or next. The invasion of 0:05:31.440 --> 0:05:34.440 Ukraine and severe restrictions on the Russian economy will likely 0:05:34.480 --> 0:05:37.240 send the prices of staples like oil and food soaring. 0:05:37.680 --> 0:05:40.240 Without knowing how long the war will last, it's hard 0:05:40.279 --> 0:05:43.599 to know how high and for how long. Michael McKee, 0:05:43.600 --> 0:05:46.159 Bloomberg Daybreak. All right, Mike, Thanks. There's also a major 0:05:46.200 --> 0:05:48.880 market event overseas. We get a policy decision from the 0:05:48.920 --> 0:05:51.520 European Central Bank this morning. Here with the details is 0:05:51.560 --> 0:05:55.360 Bloomberg's Hana George. Faced with the twin challenges of inflation 0:05:55.440 --> 0:05:58.640 and war on its border, the ECB may postpone it's 0:05:58.680 --> 0:06:02.000 timetable setting out and two trillions of euros of asset 0:06:02.040 --> 0:06:05.560 purchases That would mark another abrupt shift in the central 0:06:05.600 --> 0:06:09.640 bank stance. Just last month, President Christine Lagarde turned more 0:06:09.680 --> 0:06:12.960 hawkish in the face of inflation that's almost three times 0:06:12.960 --> 0:06:16.000 the two percent target. The danger now is that the 0:06:16.080 --> 0:06:20.040 invasion and sanctions against Russia will curb Europe's rebound from 0:06:20.040 --> 0:06:24.240 the pandemic. In London, I'm Hannah George in book day Break, Right, Hannah, 0:06:24.240 --> 0:06:26.600 thank you, And corporate news this morning shares an Amazon 0:06:26.680 --> 0:06:28.680 or surging there up more than six and a half 0:06:28.720 --> 0:06:31.559 percent in early training after announcing plans for a twenty 0:06:31.680 --> 0:06:35.480 one stock split began more from Bloomberg's Charlie Pillett. It's 0:06:35.520 --> 0:06:38.599 subject to a vote by shareholders, which is scheduled from 0:06:38.640 --> 0:06:42.320 May twenty five. The e Commerce Giants Board also approved 0:06:42.400 --> 0:06:46.760 a ten billion dollar share buy bank program. The repurchase 0:06:46.880 --> 0:06:51.080 authorization replaces a current five billion dollar plan approved in 0:06:51.120 --> 0:06:55.120 twenty six. The company previously split at stock three times 0:06:55.200 --> 0:07:02.800 in nine and nine. In New York. Charlie Bloomberg, daybreak, Okay, Charlie, 0:07:02.880 --> 0:07:06.000 thank you. Right now. SMP futures are down thirty eight 0:07:06.000 --> 0:07:08.719 points down futures down three hundred seventeen and NASTAC futures 0:07:08.720 --> 0:07:11.400 are lower by a hundred sixty eight points. The tenure. 0:07:11.400 --> 0:07:14.120 Treasury is up five thirty seconds, the yield one point 0:07:14.200 --> 0:07:17.240 nine three percent. Straight ahead your latest local headlines and 0:07:17.240 --> 0:07:23.760 a check of sports. This is Bloomberg. It's down six 0:07:23.840 --> 0:07:26.280 oh seven on Wall Street. Foggy, thirty three degrees in 0:07:26.320 --> 0:07:28.120 Central Park. We had a couple issues now in the 0:07:28.160 --> 0:07:31.320 New Jersey Turnpike between exits twelve and thirteen. Details coming 0:07:31.360 --> 0:07:33.680 up in traffic. First, Michael Barr with more on what's 0:07:33.680 --> 0:07:35.480 going on in New York and around the world. Michael, 0:07:35.520 --> 0:07:38.360 thank you very much. Nathan. The first licenses to sell 0:07:38.440 --> 0:07:41.360 recreational pond in New York. We'll go to people who 0:07:41.400 --> 0:07:45.040 have a record. State officials said that people with marijuana 0:07:45.200 --> 0:07:47.920 related to convictions will get DIBs on the first one 0:07:48.040 --> 0:07:51.480 hundred two hundred retail cannabis licenses awarded by New York. 0:07:51.880 --> 0:07:54.160 The state says it's part of a broader effort to 0:07:54.200 --> 0:07:57.640 address the inequities of a justice system that locked up 0:07:57.680 --> 0:08:01.800 a disproportionate number of people of her for drug crimes. 0:08:02.160 --> 0:08:05.120 Governor Kathy Hokel is set to announce the planned regulations 0:08:05.120 --> 0:08:09.280 for a social equity applicants today. Meanwhile, Governor Hokel showed 0:08:09.320 --> 0:08:12.240 her support for those suffering in Ukraine from the Russian 0:08:12.280 --> 0:08:16.440 invasion and inter faith ceremony was held at a Ukrainian 0:08:16.520 --> 0:08:19.800 Orthodox cathedral in New York City. Hoko was there and 0:08:19.840 --> 0:08:22.880 said she was immersing herself in the community. When I 0:08:22.880 --> 0:08:26.000 look out in this room, yes, I hear the words 0:08:26.080 --> 0:08:29.480 of prayer on your lips, and those are powerful words, 0:08:29.600 --> 0:08:35.040 heartfelt words. But I also see tremendous pain in your eyes. 0:08:35.720 --> 0:08:39.000 Governor HOCl praise the defiance of the Ukrainian people in 0:08:39.040 --> 0:08:43.800 the face of Russia's invasion. South Korea's conservative president elect, 0:08:43.960 --> 0:08:47.679 Yune suk Yo, says he would solidify an alliance with 0:08:47.720 --> 0:08:51.760 the US, build up a powerful military, and sternly cope 0:08:51.800 --> 0:08:56.120 with North Korean provocations. Hours after he won the country's 0:08:56.160 --> 0:08:59.280 hard fought election to become its next leader, Une spoke 0:08:59.320 --> 0:09:02.000 with President O Biden on the phone. The White House 0:09:02.080 --> 0:09:04.120 is reacting to a bill that would make it illegal 0:09:04.160 --> 0:09:08.920 in Florida to discuss sexual identity and orientation in some classrooms. 0:09:09.160 --> 0:09:11.920 It heads through the governor's nest for signing. The state 0:09:12.040 --> 0:09:15.800 Senate passed the measure despite days of protests and student walkouts. 0:09:16.120 --> 0:09:18.959 The bill's supporters claim it gives parents more of a 0:09:19.080 --> 0:09:23.160 say in their children's education. White House Press Secretary Jan Saki, 0:09:23.520 --> 0:09:25.839 I think the most important question now is why are 0:09:25.880 --> 0:09:29.760 Florida leaders deciding they need to discriminate against kids who 0:09:29.760 --> 0:09:32.040 are members of the l g B t q I community. 0:09:32.040 --> 0:09:34.839 What prompts them to do that? Is it meanness? Is 0:09:34.880 --> 0:09:37.360 it wanting to make kids have more difficult times in 0:09:37.440 --> 0:09:41.240 school in their communities. President Biden has condemned the state measure, 0:09:41.320 --> 0:09:45.560 but back as a U. S. Senator, Biden reportedly supported 0:09:45.640 --> 0:09:49.520 similar legislation in Congress. Global News twenty four hours a 0:09:49.600 --> 0:09:52.480 day on air and on Bloomberg Quick Take, powered by 0:09:52.520 --> 0:09:54.719 more than twenty seven hundred journalists analysts more than a 0:09:54.800 --> 0:09:58.640 hundred twenty countries. Michael Barr, this is Bloomberg, Nathan. Thanks Michael. 0:10:03.280 --> 0:10:05.240 Almost six ten on All Street time for the Bloomberg 0:10:05.240 --> 0:10:07.959 Sports up Take morning. Johns Sesshire, Thanks Nathan. What's going 0:10:08.000 --> 0:10:10.360 on with the Knicks? Since the seven game Wisian straight 0:10:10.520 --> 0:10:13.040 sixteen losses in the span of nineteen games, and Knicks 0:10:13.080 --> 0:10:14.920 has suddenly one three in a row. They had going 0:10:14.960 --> 0:10:17.480 almost two months without winning two straight. Over their last 0:10:17.480 --> 0:10:21.760 six quarters, Knicks have outscored the opposition by sixty one points. 0:10:21.880 --> 0:10:24.400 It was easy in Dallas ball knock loose, trying to 0:10:24.400 --> 0:10:31.040 get it back dives quarter three. It's good Evan four 0:10:31.160 --> 0:10:36.079 date titleson the Knicks fifty five Dallas, twenty seven ep N. 0:10:36.120 --> 0:10:39.040 The call final was one oh seven seventy seven Nicks 0:10:39.040 --> 0:10:41.960 fifth grate win in Dallas. The Dallas native Julius Randall 0:10:42.000 --> 0:10:44.679 scored twenty six. Mav shot only thirty one percent. They 0:10:44.720 --> 0:10:47.640 were six for forty four on three pointerers. They missed 0:10:47.640 --> 0:10:50.319 their first nineteen. At the Garden. St. John's beat De 0:10:50.360 --> 0:10:52.679 Paul ninety two to seventy three to advanced to play 0:10:52.800 --> 0:10:54.880 Villanova to night the Big East Tournament, Seaton Hall got 0:10:54.880 --> 0:10:58.040 by Georgetown fifty seven fifty three. The Hoyas never won 0:10:58.040 --> 0:11:00.599 the biggest game all season, Butler ups that Xavier and 0:11:00.640 --> 0:11:03.439 over time. At the a CC Tournament, Syracuse blew out 0:11:03.480 --> 0:11:06.560 Florida State by thirty nine, but top score Buddy Bayhon 0:11:06.760 --> 0:11:10.040 throw a punch and the coach's sons suspended for today's 0:11:10.040 --> 0:11:13.200 game with Duke heartbreak for I own a one point lost. 0:11:13.200 --> 0:11:15.560 A writer at the mac Turney in Atlantic City of 0:11:15.559 --> 0:11:17.839 the Bronx wanted on a shot with seven seconds left, 0:11:17.840 --> 0:11:20.960 so there fourteen and eighteen. They advanced I own A 0:11:20.960 --> 0:11:23.360 at twenty five and six, will settle for the n 0:11:23.400 --> 0:11:25.559 I T the baseball labor dispute. There's now said to 0:11:25.640 --> 0:11:28.439 be a new conflict whether the institute a draft for 0:11:28.600 --> 0:11:31.760 international players. It's not one thing, it's another. Still no 0:11:31.880 --> 0:11:35.760 deal lockout continues. The first four series of the season 0:11:35.800 --> 0:11:38.920 have now been cancer John Stationward Bloomburn Sports. They think 0:11:39.080 --> 0:11:42.120 all right, John, thank you right now. SMP futures are 0:11:42.280 --> 0:11:45.400 lower by forty points. South futures down three under twenty four, 0:11:45.480 --> 0:11:49.160 Danisex futures down one seventy seven points. The tenure treasury 0:11:49.240 --> 0:11:51.679 is up seven thirty seconds, the yield one point nine. 0:11:52.920 --> 0:11:56.880 Nime X screwed up four hundred thirteen dollars twenty five 0:11:57.000 --> 0:11:59.400 cents of barrel. Latest on the war in Ukraine and 0:11:59.520 --> 0:12:04.760 diplomatic talks stalled with Bloomberg's Rosalind Mathison. Next, this is Bloomberg. 0:12:07.679 --> 0:12:09.719 Bloomberg day Break is brought to you by Audie. Don't 0:12:09.800 --> 0:12:11.880 let someone else drive off in the Audi model you've 0:12:11.880 --> 0:12:14.559 always wanted. Visit your tri state area Audie dealer to 0:12:14.600 --> 0:12:17.080 get behind the wheel of yours today, or visit Autie 0:12:17.160 --> 0:12:23.600 offers dot com for more information, markets, headlines and breaking 0:12:23.640 --> 0:12:26.520 news twenty four hours a day at Bloomberg dot Com, 0:12:26.640 --> 0:12:30.160 the Bloomberg Business Outland at Bloomberg Quick Take. This is 0:12:30.200 --> 0:12:39.199 a Bloomberg business flash and I'm kerin Moscow. US dot 0:12:39.240 --> 0:12:42.319 index futures and European shares are falling him a concern. 0:12:42.480 --> 0:12:46.480 US inflation accelerated for a six consecutive month. To check 0:12:46.520 --> 0:12:48.839 the markets every fifteen minutes throughout the trading day on 0:12:48.920 --> 0:12:51.640 Bloomberg s and P futures down thirty six points down, 0:12:51.679 --> 0:12:54.600 futures down two hundred eighty nine, NASDAG futures down one 0:12:55.000 --> 0:12:57.400 five the decks in Germany's down to in a third 0:12:57.440 --> 0:13:00.240 percent and your treasury up through thirty seconds at one 0:13:00.280 --> 0:13:02.160 point nine three percent, and they yield on the two 0:13:02.280 --> 0:13:05.240 year one point six seven per set. NIM extra oil 0:13:05.360 --> 0:13:07.360 is at four point two percent at four dollars fifty 0:13:07.360 --> 0:13:09.600 three cents at a hundred thirteen dollars twenty three cents 0:13:09.600 --> 0:13:11.959 of barrel comics gold up nine tenths per cent or 0:13:12.000 --> 0:13:14.920 eighteen dollars seventy cents at two thousand six dollars ninety cents. 0:13:14.960 --> 0:13:18.160 Announced the euro one point one zero four seven against 0:13:18.200 --> 0:13:20.600 the dollar, British found one point three one six two 0:13:20.840 --> 0:13:23.680 begains at one fifteen point nine seven, and bit coins 0:13:23.760 --> 0:13:27.520 down six eight percent at thirty nine thousand and fifty dollars. 0:13:27.800 --> 0:13:30.000 For Get a look at inflation this morning at eight 0:13:30.040 --> 0:13:32.360 thirty Wall Street Time at the consumer price and next 0:13:32.400 --> 0:13:35.000 we also get the weekly report on initial jobless claims 0:13:35.000 --> 0:13:37.960 and a headline on ge crossing. The Bloomberg gets reaffirming 0:13:38.240 --> 0:13:41.200 its earnings outlook for the year. That's a Bloomberg business flash. 0:13:41.240 --> 0:13:43.360 Now here's Michael Barr with more on what's going on 0:13:43.400 --> 0:13:46.960 around the world. Uncle Karen, thank you very much. Talks 0:13:47.000 --> 0:13:50.040 between the foreign ministers of Russia and Ukraine wrapped up 0:13:50.040 --> 0:13:53.079 on the sidelines of a diplomatic summit in Turkey with 0:13:53.120 --> 0:13:56.880 no progress. Russia conveyed it will continue attacks on Ukraine 0:13:56.920 --> 0:14:00.960 until demands are met. Meanwhile, the World Health Organization said 0:14:01.000 --> 0:14:04.920 it has confirmed eighteen attacks on medical facilities since the 0:14:05.000 --> 0:14:08.559 Russian invasion began two weeks ago. Major League Baseball, that's 0:14:08.600 --> 0:14:11.160 cut another week of the upcoming season with a lockout 0:14:11.400 --> 0:14:15.240 in its day. The decision means the season won't begin 0:14:15.320 --> 0:14:18.520 until April fourteenth, at the earliest. In the NBA, the 0:14:18.600 --> 0:14:22.120 Knicks and Celtics won, the Wizards lost. In the NHL, 0:14:22.240 --> 0:14:25.280 the Capitals lost in overtime to the Oilers. For three 0:14:25.680 --> 0:14:28.160 Global News twenty four hours a day on air and 0:14:28.320 --> 0:14:31.600 on Bloomberg Quicktake, powered by more than twenty seven hundred 0:14:31.640 --> 0:14:34.560 journalists and analysts in more than one D twenty countries. 0:14:34.760 --> 0:14:37.520 Michael Barr, This is Bloomberg nath Okay, Michael. Thanks, It's 0:14:37.560 --> 0:14:40.240 six nineteen on Wall Street Live from the Bloomberg Interactive 0:14:40.240 --> 0:14:44.080 Broker Studios. This is Bloomberg Daybreak and Bloomberg's executive editor 0:14:44.120 --> 0:14:47.320 for International Government, Rosalind Matheson is with us as we 0:14:47.440 --> 0:14:50.560 continue trying to sort out some of the latest information 0:14:50.640 --> 0:14:52.920 when it comes to these talks that just ended in 0:14:52.960 --> 0:14:56.760 Turkey between the farm ministers of Russia and Ukraine. Ros, 0:14:56.840 --> 0:15:00.200 good morning. It sounds as though not much progress has 0:15:00.240 --> 0:15:02.160 been made in those types. Can you give us some 0:15:02.200 --> 0:15:05.640 details sort of flush things out for us. Well, that's right. 0:15:05.680 --> 0:15:08.640 So this was the highest level conversation in person that's 0:15:08.680 --> 0:15:12.280 happened between Ukraine and Russia since the war broke out, 0:15:12.760 --> 0:15:15.880 and this was an attempt, particularly on the Ukraine side, 0:15:15.920 --> 0:15:18.520 at least to get some kind of formal agreement on 0:15:18.720 --> 0:15:22.360 temporary cease fires to allow people to leave certain areas 0:15:22.360 --> 0:15:25.200 of Ukraine that are under heavy attack. But even that 0:15:25.240 --> 0:15:27.400 didn't seem to come on the table. The Russian Foreign 0:15:27.400 --> 0:15:30.080 minister said he was actually not there to discuss any 0:15:30.160 --> 0:15:32.440 kind of ceasefire at all. It's slightly unclear what he 0:15:32.560 --> 0:15:35.360 was in fact there to talk about, given there seemed 0:15:35.360 --> 0:15:38.400 to be no tangible takeaways from it, aside from both 0:15:38.400 --> 0:15:41.720 sides saying yeah, they're both realized that they can keep 0:15:41.960 --> 0:15:45.600 having a conversation going. If anything, it was an opportunity 0:15:45.640 --> 0:15:49.360 for Russia to repress its demands on Ukraine, saying it 0:15:49.680 --> 0:15:52.640 wants all its demands met in order for Ukraine to 0:15:52.840 --> 0:15:56.000 surrender and for Russia to pull its troops back out. 0:15:56.160 --> 0:15:58.480 So possibly it was a meeting where they spent an 0:15:58.480 --> 0:16:01.080 hour and a half talking out each other rather than 0:16:01.400 --> 0:16:04.760 listening to each other. Certainly there's no sense of when 0:16:04.760 --> 0:16:08.200 a follow up meeting may happen. Uh and and right 0:16:08.240 --> 0:16:11.480 now we're back to square one. Wow, do we have 0:16:11.520 --> 0:16:16.240 any further clarity on what Russia's demands are? It sounded 0:16:16.280 --> 0:16:18.160 as though there might have been a little bit of 0:16:18.200 --> 0:16:21.160 wiggle room in the last couple of days about regime 0:16:21.280 --> 0:16:25.960 change at least in Ukraine. What are the demands from 0:16:26.040 --> 0:16:29.360 Russia right now? So they have moved about a bit, 0:16:29.400 --> 0:16:33.720 but they seem to really involve the full demilitarization of Ukraine, 0:16:35.000 --> 0:16:38.760 the recognition by Ukraine that separatist areas inside Ukraine are 0:16:38.760 --> 0:16:42.000 in fight independent and that also would include Crimea from 0:16:42.040 --> 0:16:47.080 two thousand and fourteen, agreeing to what they would quote neutrality, 0:16:47.560 --> 0:16:50.480 which seems to be the Ukraine cannot make any further 0:16:50.600 --> 0:16:54.560 overtures towards Europe at NATA or the European Union, and 0:16:55.160 --> 0:16:57.520 possibly the removal of the government. As you say, some 0:16:57.600 --> 0:17:00.960 officials have said that they don't intend to replaced the regime, 0:17:01.040 --> 0:17:03.520 but that contrast certainly with what with what the Russian 0:17:03.520 --> 0:17:06.600 president was saying in the early days after the invasion. 0:17:06.640 --> 0:17:08.800 He made it very clear he wanted that government gone. 0:17:09.600 --> 0:17:12.040 It sounds as though the diplomats are pretty far apart 0:17:12.119 --> 0:17:15.640 as well on what's happening on the ground in Ukraine. 0:17:15.640 --> 0:17:18.320 We've seen the images come out of the besieged ports 0:17:18.320 --> 0:17:22.439 city of Mariopol, of hospitals coming under attack, reports of 0:17:22.720 --> 0:17:26.359 children and other civilians being killed in what sounds like 0:17:26.400 --> 0:17:29.720 indiscriminate attacks from Russia. At the same time, the Foreign 0:17:29.760 --> 0:17:35.760 Minister Sergei Lavrov is dismissing those reports, calling it fake news. 0:17:36.600 --> 0:17:39.520 What does that say about where these things are going? Well, 0:17:39.560 --> 0:17:41.680 that's right. In fact, the Russian Foreign minister used the 0:17:41.720 --> 0:17:44.240 meeting today to say that Russia had not actually attacked 0:17:44.680 --> 0:17:48.199 Ukraine at all, so again sort of trying to reiterate 0:17:48.680 --> 0:17:51.560 um their point of view, and they were saying both 0:17:51.600 --> 0:17:54.879 today and yesterday that that shelling of a hospital in Mariopool, 0:17:54.920 --> 0:17:58.880 which is the besieged city in the eastern part of Ukraine, 0:17:58.880 --> 0:18:01.159 that that hospital had been empty at the time and 0:18:01.240 --> 0:18:04.600 was occupied not by by women and children and babies, 0:18:04.600 --> 0:18:07.760 but by Ukraine forces and that's why it was shelled. 0:18:08.240 --> 0:18:10.959 Of course, Ukraine says that there were women and children 0:18:11.000 --> 0:18:13.359 in the hospital at the time and several were killed 0:18:13.800 --> 0:18:16.960 or injured. So you're just seeing these accusations traded across 0:18:17.000 --> 0:18:18.800 the board, and that just makes it even harder to 0:18:18.840 --> 0:18:21.120 find a way to see how they can sit down 0:18:21.119 --> 0:18:24.000 at the table and have a proper conversation, a sober 0:18:24.040 --> 0:18:26.879 conversation that takes that emotion in some way out of 0:18:26.920 --> 0:18:29.800 it and allows them to find a way forward given 0:18:29.840 --> 0:18:32.320 the accusations that they seem to be slinging at each other. 0:18:32.359 --> 0:18:35.800 Still now last minute here rise. In the meantime, the 0:18:35.920 --> 0:18:39.479 US European allies are looking for ways to continue supporting Ukraine. 0:18:39.480 --> 0:18:41.720 But it sounds like this idea from Poland of sending 0:18:41.720 --> 0:18:45.040 in its fighter jets and replacing them with US jets 0:18:45.200 --> 0:18:47.240 is a no goal. So where did things go from 0:18:47.280 --> 0:18:52.360 here in terms of the allied response to supporting Ukraine. Well, 0:18:52.400 --> 0:18:54.840 that's right, and in fact Poland was very anxious about 0:18:54.880 --> 0:18:58.040 the idea of sending any of its spider jets into Ukraine. 0:18:58.119 --> 0:19:00.520 It was under a lot of pressure publicly from Ukraine 0:19:00.840 --> 0:19:03.040 to do so. So it's solution was to offer to 0:19:03.080 --> 0:19:05.919 send them somewhere else, to have NATO decide as a 0:19:05.920 --> 0:19:08.120 whole what to do with them, because it was concerned 0:19:08.160 --> 0:19:10.320 that if it's fighters went in, Russia would see that 0:19:10.400 --> 0:19:13.840 as a direct act of aggression. So you see NATO 0:19:14.040 --> 0:19:16.400 really kind of ringing itself in knots a bit about 0:19:16.440 --> 0:19:19.280 how they can support Ukraine but not get drawn in 0:19:19.320 --> 0:19:22.399 fully into a conflict directly. So that means no fly zone, 0:19:22.520 --> 0:19:24.960 it means they won't send fighter jets in. They'll continue 0:19:25.000 --> 0:19:28.479 to send Member States military equipment in and they'll support 0:19:28.520 --> 0:19:31.480 from Afar, but a real sense of our needs about 0:19:31.480 --> 0:19:34.439 the possibility that somehow this conflict could write, could widen, 0:19:34.440 --> 0:19:36.720 and they could get caught up in it too. Thanks 0:19:36.720 --> 0:19:39.239 as always Rose, good having you on. Roslyn Matheson, our 0:19:39.280 --> 0:19:42.760 executive editor for International Government for Bloomberg News. Tracking all 0:19:42.800 --> 0:19:46.640 the latest developments, fast moving out of the war in Ukraine. 0:19:46.960 --> 0:19:50.200 Looking ahead of the market open SMP futures are down 0:19:50.280 --> 0:19:53.040 thirty two points down futures down two hundred seventy six, 0:19:53.080 --> 0:19:55.280 dance that futures are lowered by a hundred forty one 0:19:55.320 --> 0:19:57.840 points in the tenure treasury is up five thirty seconds, 0:19:58.080 --> 0:20:00.959 the yield one point nine ahead of the release of 0:20:01.000 --> 0:20:08.399 the February Consumer Price Index. This is Bloomberg Bloomberg Daybreak, 0:20:08.400 --> 0:20:10.200 brought to you by the Jewish Communal Fund j c 0:20:10.359 --> 0:20:12.720 f's Donor advised fund is the smart choice to manage 0:20:12.720 --> 0:20:16.320 your philanthropy, especially in times of crisis. Maker giving impactful 0:20:17.000 --> 0:20:23.359 visit j c F n y dot org. Broadcasting live 0:20:23.520 --> 0:20:27.480 from the Bloomberg Interactive Broker Studio in New York. Bloomberg 0:20:27.480 --> 0:20:30.240 e Living free on to Washington, d C. Bloomberg nine 0:20:30.440 --> 0:20:33.320 nine one to Boston, Bloomberg one O six one to 0:20:33.440 --> 0:20:37.200 San Francisco, Bloomberg norm sixt to the country, Sirius XM 0:20:37.240 --> 0:20:39.520 to A one nine team, and around the globe the 0:20:39.520 --> 0:20:44.040 Bloomberg Business and Bloomberg Radio dot com. This is Bloomberg 0:20:44.119 --> 0:20:52.240 Daybreak six thirty on Wall Street. Good morning, I'm Nathan 0:20:52.280 --> 0:20:55.280 Hagar and I'm Karen Moscow, and we're just about three 0:20:55.359 --> 0:20:57.840 hours away from the open of US trading. Time for 0:20:57.960 --> 0:21:00.240 the five things you need to notice start your day. 0:21:00.280 --> 0:21:04.720 Brought to you by Interactive Brokers. Interactive Brokers charges Martin 0:21:04.800 --> 0:21:07.440 loan rates from zero point seven five percent to one 0:21:07.480 --> 0:21:10.560 point five eight percent, rates subject to change. Learn more 0:21:10.600 --> 0:21:14.240 at ib k R dot com. Slash compare up first 0:21:14.280 --> 0:21:19.200 to the latest on the war in Ukraine, air raids, 0:21:19.240 --> 0:21:22.960 sirens and Ukraine's capital Key This morning, as Russia's invasion 0:21:23.080 --> 0:21:27.360 enters its third week, Ukraine's President Vladimir Zelenski says he's 0:21:27.400 --> 0:21:31.760 willing to consider compromises, but won't seed territory. Well, we would. 0:21:32.040 --> 0:21:34.680 You must strengthen sanctions against Russia so that it never 0:21:34.720 --> 0:21:37.560 has the chance to continue this genocide. You need a 0:21:37.560 --> 0:21:40.399 pressure Russia, so that it sits at the negotiating table 0:21:40.480 --> 0:21:43.520 and ends this barbarous war. Zelenski says he has not 0:21:43.600 --> 0:21:47.080 spoken to Vladimir Putin. Foreign ministers from Russia and Ukraine 0:21:47.119 --> 0:21:50.880 spoken Turkey today with no breakthrough, Moscow says it will 0:21:50.880 --> 0:21:54.440 continue its attack until demands are met. It's seeking surrender 0:21:54.520 --> 0:21:57.679 from Ukraine. Back in Washington, Karen, Congress is ramping up 0:21:57.720 --> 0:21:59.760 pressure on Moscow. The House pass to build a band 0:21:59.800 --> 0:22:02.840 oil imports from Russia. Bloomberg's Rnita Young joins US Live 0:22:02.920 --> 0:22:06.360 Rnita Nathan. The US ban on Russian oil imports would 0:22:06.400 --> 0:22:09.440 go into effect forty five days after it's signed into law. 0:22:09.760 --> 0:22:13.320