WEBVTT - Bloomberg Daybreak: November 17, 2022 - Hour 2 (Radio) 0:00:00.560 --> 0:00:04.320 Live Bloomberg Interactive Rooker Studios is Bloomberg day Break for 0:00:04.320 --> 0:00:07.840 a Thursday, November seventeen two coming up this hour, Did 0:00:07.920 --> 0:00:11.240 Russia fire a missile into Poland? President Biden says that's 0:00:11.280 --> 0:00:14.680 not the evidence. Now Ukraine is responding. We stick exclusively 0:00:14.720 --> 0:00:18.040 with President Vladimir's Lensky. Republicans take control of the House, 0:00:18.079 --> 0:00:20.720 setting up battles with Democrats on several fronts, and the 0:00:20.720 --> 0:00:24.280 new UK Chancellor of the Exchequer prepares to detail spending 0:00:24.320 --> 0:00:27.080 cuts and tax hikes. New York City wants hire minimum 0:00:27.120 --> 0:00:30.200 pay for app based food delivery workers. Plus former VP 0:00:30.360 --> 0:00:33.479 Penn says Republicans have better choices than Donald Trump for 0:00:33.479 --> 0:00:36.120 the White House. On Michael bar More Ahead, John Stash 0:00:36.120 --> 0:00:38.960 Howard sports the Knicks one in Denver, the local hockey teams, 0:00:38.960 --> 0:00:41.680 Plate Tonight, and Aaron Judge expected to be named today 0:00:41.920 --> 0:00:46.840 m V That's all Trained Ahead on Bloomberg day Break 0:00:47.159 --> 0:00:51.520 on Bloomberg eleven three on New York, Bloomberg one, Washington, 0:00:51.600 --> 0:00:55.240 d C, Bloomberg one oh six one, Boston, Bloomberg nine 0:00:55.280 --> 0:00:59.480 sixties and Francisco Sirius Exam one nine team and around 0:00:59.520 --> 0:01:02.960 the world on Bloomberg Radio, dot Com and bother Bloomberg 0:01:03.000 --> 0:01:09.600 business app Good morning. I'm Nathan Hager and I'm Parrot. 0:01:09.600 --> 0:01:13.160 Moscow and US futures are extending their declines this morning. 0:01:13.160 --> 0:01:14.880 We're coming up to six o one on Wall Street, 0:01:14.880 --> 0:01:17.000 and we checked the markets every fifteen minutes throughout the 0:01:17.000 --> 0:01:19.959 trading day on Bloomberg with SNP Future is down twenty 0:01:19.959 --> 0:01:22.960 one points down, Future is down one sixty five and 0:01:23.040 --> 0:01:26.400 NASDAG futures down sixty five. The decks in Germany now 0:01:26.480 --> 0:01:30.200 little change ten. Your treasury down thirteen thirty seconds. You know, 0:01:30.280 --> 0:01:32.760 three point seven three per cent they yield on the 0:01:32.800 --> 0:01:35.880 two year four point three six percent. Nine max Screwed 0:01:35.920 --> 0:01:38.039 oil is down one point four percent, down a dollar 0:01:38.160 --> 0:01:40.639 nineteen at eighty four dollars forty two cents of barrel 0:01:40.880 --> 0:01:43.199 co makes go down six ten percent or ten dollars 0:01:43.200 --> 0:01:46.520 forty cents at seventeen sixty five forty announced the euro 0:01:46.640 --> 0:01:50.160 one oh three four one against the dollar. Nathan, all right, Karen, 0:01:50.200 --> 0:01:52.320 thank you. We'll get more on the markets in a minute, 0:01:52.320 --> 0:01:54.080 but first we want to bring you the latest on 0:01:54.120 --> 0:01:56.680 the investigation into the missile strike. This week, they killed 0:01:56.720 --> 0:02:00.360 two people in Poland. Ukrainian President vladimir's len Ski has 0:02:00.400 --> 0:02:03.720 insisted that rocket came from Russia. President Biden was asked 0:02:03.720 --> 0:02:06.600 about it this morning. What's your reaction, Presidents, We keep 0:02:06.680 --> 0:02:10.200 saying that the missiles and ranted in Poland. We're not Ukrainian. 0:02:11.960 --> 0:02:15.920 That's not the overli. President Biden, along with Poland and 0:02:16.040 --> 0:02:19.520 NATO all say the missile likely came from Ukraine's air defenses, 0:02:19.600 --> 0:02:23.200 but they also say Russia bears ultimate responsibility. Well. Nakan 0:02:23.280 --> 0:02:26.720 President Zelenski is also facing questions about the air strike. 0:02:26.760 --> 0:02:29.720 Bloomberg News editor in chief John Nikel Thwaite spoke with 0:02:29.760 --> 0:02:32.280 the president by a video link at the Bloomberg New 0:02:32.320 --> 0:02:35.200 Economy Forum in Singapore. But I'm sure that this is 0:02:35.200 --> 0:02:38.359 a Russian missile, and I'm sure that we were launching 0:02:38.400 --> 0:02:42.720 the air defense missiles, but we can't say specifically that 0:02:42.760 --> 0:02:46.079 this was the defense of Ukraine. Although we are grateful 0:02:46.120 --> 0:02:49.120 for not being blamed because we are fighting against the 0:02:49.200 --> 0:02:54.000 Russian missiles in our territory. But nevertheless, we have to 0:02:54.040 --> 0:02:58.960 be fair and honest. Until the investigation is over, we 0:02:59.000 --> 0:03:02.480 can't say what kind of missile, what pieces of which 0:03:02.880 --> 0:03:06.120 a missile fell on the Polish terri Tree. Speaking through 0:03:06.160 --> 0:03:09.960 an interpreter, President Vladimir Zelenski, he says Ukraine will go 0:03:10.040 --> 0:03:12.800 to the blast side in Poland as part of the investigation. 0:03:13.120 --> 0:03:15.680 Catch more of our interview with the Ukrainian president from 0:03:15.680 --> 0:03:19.200 the Bloomberg New Economy Forum coming up shortly in our program. 0:03:19.360 --> 0:03:22.920 Well meantime, Karen, future US financial support for Ukraine maybe 0:03:22.919 --> 0:03:25.440 in question now the Republicans have gained control in the 0:03:25.480 --> 0:03:29.040 House of Representatives. Amy Morris has details from our Bloomberg 0:03:29.760 --> 0:03:33.240 newsroom in Washington. It is a power shift in Washington, 0:03:33.440 --> 0:03:36.960 with Republicans winning a narrow House majority. The GOP now 0:03:37.000 --> 0:03:40.440 has subpoena power and control over powerful committees, and that 0:03:40.520 --> 0:03:43.960 has Democrats worried about the future of President Biden's agenda 0:03:44.360 --> 0:03:48.720 and future financial support for Ukraine. Republican lawmakers are set 0:03:48.760 --> 0:03:51.960 to give closer scrutiny to financial support for Ukraine. House 0:03:52.040 --> 0:03:55.200 Minority Leader Kevin McCarthy, who is set to become speaker, 0:03:55.360 --> 0:03:58.120 says Republicans are not going to write a blank check 0:03:58.400 --> 0:04:02.520 while President Biden does have workaround GOP demands will make 0:04:02.600 --> 0:04:06.040 us allies uneasy in Washington. I maybe more as Bloomberg 0:04:06.120 --> 0:04:08.880 Daybreak right. Amy, thank you a Republican control of the 0:04:08.920 --> 0:04:12.640 House may also benefit financial services firms. Next year, the 0:04:12.680 --> 0:04:16.200 GOP will lead the powerful Financial Services Committee, which can 0:04:16.200 --> 0:04:18.839 demand information from the heads of agencies such as the 0:04:18.960 --> 0:04:22.640 SEC and the Consumer Financial Protection Bureau and seek to 0:04:22.680 --> 0:04:25.720 dial up oversight on regulators. And let's say, banks and 0:04:25.720 --> 0:04:28.559 hedge funds could gain from any slow down in SEC 0:04:28.720 --> 0:04:31.840 actions in the UK. This morning, Karen, investors are closely 0:04:31.880 --> 0:04:35.440 watching Chancellor of the Exchequer Jeremy hunt he delivers details 0:04:35.440 --> 0:04:37.960 on the UK's budget today. Let's go to London and 0:04:38.000 --> 0:04:40.720 get the very latest with Bloomberg's Uin Pots. Good morning, 0:04:41.120 --> 0:04:44.479 Good morning, Athan and Karen. Tax rises and government spending 0:04:44.480 --> 0:04:47.320 cuts are coming down the line. Chance that Jeremy Hunts 0:04:47.360 --> 0:04:49.640 will stand up in the British Parliament later this morning. 0:04:49.720 --> 0:04:52.360 It sets out how he plans to make fifty five 0:04:52.480 --> 0:04:55.520 billion pounds of savings. That's the amount needed for the 0:04:55.560 --> 0:04:59.200 government to meet its medium term debt targets. The backdrop 0:04:59.360 --> 0:05:02.560 is UK in inflation at a forty year high, rapidly 0:05:02.680 --> 0:05:06.440 rising interest rates, and forecasts for a recession next year. 0:05:06.760 --> 0:05:09.839 It's a tough hand to play in London. Immune Pot Spin, 0:05:09.880 --> 0:05:11.960 bad day break, all right, You and thank you. Monetary 0:05:12.080 --> 0:05:14.760 policy also in focus in Europe this morning. It looks 0:05:14.760 --> 0:05:17.520 like the European Central Bank may slow down interest rate 0:05:17.600 --> 0:05:20.480 hikes with only a fifty basis point increase next month. 0:05:20.680 --> 0:05:23.680 Sources Hell Bloomberg. That initial talk suggests a lack of 0:05:23.720 --> 0:05:27.560 momentum for another seventy five basis point move. Reasons cited 0:05:27.560 --> 0:05:31.040 are mounting recession risks and a possible weakening of consumer 0:05:31.120 --> 0:05:33.480 price pressures like here in the US Care and another. 0:05:33.600 --> 0:05:36.279 FED officials on board with slowing the pace of federal 0:05:36.360 --> 0:05:40.320 reserve rate hikes. FED Governor Christopher Waller spoken Phoenix yesterday 0:05:40.560 --> 0:05:43.960 looking forward to them December meeting. The data of the 0:05:44.000 --> 0:05:47.800 past few weeks had made me more comfortable considering stepping 0:05:47.839 --> 0:05:51.160 down to a fifty basis point hike, and Christopher Waller 0:05:51.200 --> 0:05:53.200 has been one of the more hawkish members of the FED. 0:05:53.279 --> 0:05:56.039 The Central banks raised its benchmark interest rate by seventy 0:05:56.040 --> 0:05:59.200 five basis points four straight times. Now the latest and 0:05:59.240 --> 0:06:02.559 the collapse of f t X, Nathan former CEO Sam 0:06:02.600 --> 0:06:05.200 Bankman Freed is telling his side of the story, and 0:06:05.240 --> 0:06:08.040 he's doing it through a series of tweets bankmun Freed 0:06:08.080 --> 0:06:11.039 and myths that f t X got overconfident and careless, 0:06:11.279 --> 0:06:14.080 and says he would do his best to save customers cash. 0:06:14.400 --> 0:06:17.080 New management at f t X say Bankman Free does 0:06:17.200 --> 0:06:20.280 not speak on the company's behalf. Speaking of social media, 0:06:20.360 --> 0:06:23.280 Karen the former chairman of Twitter, says Elon Musk could 0:06:23.279 --> 0:06:26.400 be creating room for competitors. Patrick Paschett says it could 0:06:26.440 --> 0:06:29.560 happen if Musk breaks the ethos of the company. Fischett 0:06:29.640 --> 0:06:32.200 told Radio Canada it's too early to tell if Musk 0:06:32.200 --> 0:06:34.440 will be good for Twitter. And now let's take a 0:06:34.440 --> 0:06:37.240 look at some stocks on the move this morning following earning. 0:06:37.240 --> 0:06:39.920 He shares of Cisco up about four percent. That's after 0:06:39.960 --> 0:06:42.880 the computer networking company gave a bullish forecast. Shares of 0:06:43.000 --> 0:06:45.720 in Video also while they're up about two percent. The 0:06:45.760 --> 0:06:49.520 semiconductor maker posting quarterly sales that topped estimates after his 0:06:49.680 --> 0:06:53.400 data center business helped offset sluggish demand for video game ships. 0:06:53.680 --> 0:06:56.039 We also got results from another chip maker. We're getting 0:06:56.040 --> 0:06:59.200 them today, Applied Materials Or report earnings after the closing 0:06:59.200 --> 0:07:01.880 bell Well had of that, Karen, futures are moving lower now. 0:07:01.880 --> 0:07:04.680 We have SMP futures down eighteen points, Staff futures down 0:07:04.680 --> 0:07:07.320 a hundred fifty four and NASTAC futures are lower by 0:07:07.440 --> 0:07:10.600 fifty three points. Tend your treasuries down twelve thirty seconds 0:07:10.600 --> 0:07:12.520 the old three point seven three percent, the yield on 0:07:12.600 --> 0:07:15.600 the two year four point three six percent. Straight ahead 0:07:15.640 --> 0:07:18.760 your latest local headlines and a check off sports. This 0:07:19.120 --> 0:07:24.840 is Bloomberg now six o seven on Wall Street where 0:07:24.880 --> 0:07:27.880 thirty eight degrees in Central Park and we've got a 0:07:28.040 --> 0:07:32.160 jackknife tractor trailer he's found seventy eight Exit eighteen. Details 0:07:32.200 --> 0:07:34.320 coming up in traffic. First Michael bar with more on 0:07:34.400 --> 0:07:36.559 what's going on in New York and around the world. Michael, 0:07:36.640 --> 0:07:39.160 thank you very much. Nathan. New York City is proposing 0:07:39.200 --> 0:07:43.120 a minimum pay rate for app based food delivery workers 0:07:43.160 --> 0:07:46.080 like door Dash or grub Hub. It's a first of 0:07:46.120 --> 0:07:48.800 its kind plan from the city's Department of Consumer and 0:07:48.880 --> 0:07:52.280 Worker Protection. For the sixty thou workers in the city, 0:07:52.520 --> 0:07:56.520 the minimum wage would be almost twenty four hour. Delivery 0:07:56.560 --> 0:07:59.800 app workers don't receive a minimum wage or benefits because 0:08:00.040 --> 0:08:05.200 are classified as independent contractors. Western New York. They're used 0:08:05.240 --> 0:08:07.280 to snow, but more than a month away from the 0:08:07.280 --> 0:08:10.840 official start of winter, Lake effects snow is expected to 0:08:10.920 --> 0:08:14.360 dump more than three feet of the white stuff maybe more. 0:08:14.840 --> 0:08:17.160 A state of emergency is expected to be declared in 0:08:17.240 --> 0:08:20.760 New York this morning as the heaviest snowfall continues from 0:08:20.880 --> 0:08:25.000 now through Friday. In the Buffalo area. Ken Junahwa, the 0:08:25.120 --> 0:08:29.600 regional director for National Grid, Buffalo's utility company, says they're 0:08:29.680 --> 0:08:32.880 on standby for any outages Friday night. We will be 0:08:32.920 --> 0:08:36.480 holding all crews in our company service centers across Western 0:08:36.520 --> 0:08:39.600 New York, and in addition to that, we are bringing 0:08:39.600 --> 0:08:43.680 in outside resources that will be pre positioned in Western 0:08:43.679 --> 0:08:46.920 New York to help us with any power restoration efforts. 0:08:47.080 --> 0:08:50.120 When Buffalo resident took it all in stride, saying she'll 0:08:50.160 --> 0:08:53.400 be making soup, former Vice President Mike Pence did not 0:08:53.559 --> 0:08:57.080 say whether he would support his boss, former President Donald Trump, 0:08:57.320 --> 0:08:59.720 in his re election bid for the White House. Pence 0:08:59.760 --> 0:09:03.520 p assipated in a town hall event on CNN last night, 0:09:04.000 --> 0:09:06.199 I think we'll have better choices, better choices than my 0:09:06.240 --> 0:09:09.120 old running mate. I think America longs to go back 0:09:09.120 --> 0:09:11.920 to the policies that we're working for the American people, 0:09:12.600 --> 0:09:15.120 but I think it's time for new leadership. When asked 0:09:15.160 --> 0:09:18.520 about his own possible presidential bid, Pence said I'll keep 0:09:18.559 --> 0:09:22.000 you posted. A bus carrying twenty eight people seeking asylum 0:09:22.040 --> 0:09:25.680 in the US arrived in Philadelphia from Texas. Philadelphia officials 0:09:25.679 --> 0:09:29.520 expressed frustration with a lack of communication from Texas Governor 0:09:29.600 --> 0:09:33.520 Rabbit about the arriving families. Philadelphia Mayor Jim Kenney says, 0:09:33.600 --> 0:09:36.200 though the migrants are welcome, those who arrived today are 0:09:36.280 --> 0:09:39.560 private individuals simply seeking safety and a place where they 0:09:39.559 --> 0:09:42.520 can build a future. Let's remember that and welcome them 0:09:42.520 --> 0:09:45.440 with grace and respect. Some families are moving on to 0:09:45.520 --> 0:09:49.280 other states, including New York and Connecticut. Global News twenty 0:09:49.280 --> 0:09:52.200 four hours a day on air and on Bloomberg Quickdake, 0:09:52.440 --> 0:09:55.320 powered by more than hundred journalists and analysts and more 0:09:55.360 --> 0:09:58.760 than a hundred twenty countries. Michael Barr and this is Bloomberg. Nathan. 0:09:58.840 --> 0:10:05.319 Thanks Michael six o nine on Wall Street Time for 0:10:05.320 --> 0:10:07.680 the Bloomberg Sports Update, brought to you by Tri State 0:10:07.679 --> 0:10:09.959 Howdy Hears John Stashop. All right, Nathan, the next just 0:10:10.080 --> 0:10:12.679 did something they haven't done in sixteen years. They won 0:10:12.760 --> 0:10:14.959 a game in Denver, meet the Nuggets, one of six, 0:10:14.960 --> 0:10:17.360 one oh three, certainly helped by Denver being without its 0:10:17.440 --> 0:10:21.240 m VP center Nicola, Your kitchens in COVID protocol, but 0:10:21.280 --> 0:10:23.040 a big night for Julius Randall. He was playing more 0:10:23.080 --> 0:10:25.240 like he did two years ago than the way he 0:10:25.280 --> 0:10:27.199 played last year when he struggled a bit. Randall a 0:10:27.280 --> 0:10:29.840 season high thirty four points. Jalen Brunson at a twenty 0:10:29.840 --> 0:10:31.640 one and the next or two and oh on the 0:10:31.760 --> 0:10:35.160 road trip. Next stop tomorrow night at Golden State. Warriors 0:10:35.200 --> 0:10:37.959 are defending NBA Champs. Last night they got fifty points 0:10:37.960 --> 0:10:41.000 from Steph Curry but lost in Phoenix. The Warriors are 0:10:41.040 --> 0:10:42.960 six and one at home. They're now o and eight 0:10:43.000 --> 0:10:45.840 on the road. Venett's road trip ends tonight in Portland 0:10:45.840 --> 0:10:48.000 when they come home play Sunday, and the feeling is 0:10:48.440 --> 0:10:51.640 that is when Kyrie Irving might return from his suspension. 0:10:51.679 --> 0:10:54.920 Local hockey teams all on the road tonight. Rangers in Seattle, 0:10:55.040 --> 0:10:58.160 Islanders in Washington, and a red Hot Devil's play in Toronto, 0:10:58.600 --> 0:11:00.600 New Jersey looking to make it a Levin wins in 0:11:00.600 --> 0:11:03.280 a row. College oakes in New Jersey. Seaton Hall lost 0:11:03.320 --> 0:11:06.880 to Iowa by fourteen. Second ranking Zaga lost at Texas 0:11:07.200 --> 0:11:10.600 by nineteen. Week eleven begins tonight Tennessee at Green Bay 0:11:10.640 --> 0:11:13.400 the Packers, coming off that upset win over Dallas that 0:11:13.559 --> 0:11:16.839 ended their five game losing street. Justin Verlander goes from 0:11:16.880 --> 0:11:19.840 Tommy John to Cy Young at age thirty nine, named 0:11:19.840 --> 0:11:21.960 for the third time he had missed most of the 0:11:21.960 --> 0:11:24.960 previous two seasons. Pitched to a one point seven five 0:11:25.000 --> 0:11:27.440 E R A and you spin. He won unanimously, So 0:11:27.600 --> 0:11:30.000 did the Marlin. Sandy l Contro the National League. I'll 0:11:30.000 --> 0:11:33.199 conscers a throwback. He had six complete games after sixty 0:11:33.200 --> 0:11:35.360 two home runs. You'd have to thank Aaron Judge, will 0:11:35.360 --> 0:11:38.240 be able to beat out last year's winner, Showyotani and 0:11:38.280 --> 0:11:40.160 when a l m v P today? And if so, 0:11:40.280 --> 0:11:42.760 he'd be the first Yankee m v P since Alex 0:11:42.840 --> 0:11:47.800 Rodriguez in two thousand nine. John Stash were Boomberg's plays. Okay, John, 0:11:47.840 --> 0:11:51.040 thanks SMP. Futures down down twenty points, Stout features down 0:11:51.040 --> 0:11:53.960 one sixty four, dance at Futures down sixty three points. 0:11:54.200 --> 0:11:56.679 We'll get more on this market straight ahead from liz 0:11:56.840 --> 0:11:59.200 Ane Saunders of Charles Schwab, and we will have more 0:11:59.600 --> 0:12:03.120 from our exclusive interview with the Ukrainian President Vladimir z Lensky. 0:12:03.280 --> 0:12:08.840 This is Bloomberg Bloomberg Sports Report was brought to you 0:12:08.840 --> 0:12:10.800 by Audie. Don't let someone else drive off in the 0:12:10.800 --> 0:12:13.560 Audi model you've always wanted. Visit your local tri state 0:12:13.600 --> 0:12:15.720 Autie dealects you get behind the wheel of yours today, 0:12:15.800 --> 0:12:22.480 or visit Autie Offers dot com for more information, markets, 0:12:22.600 --> 0:12:25.679 headlines and breaking news twenty four hours a day at 0:12:25.679 --> 0:12:29.600 Bloomberg dot Com, of Bloomberg Business Out and at Bloomberg Cricktake. 0:12:29.880 --> 0:12:39.000 This is a Bloomberg Business Flash and I'm Karen Moscow 0:12:39.120 --> 0:12:42.200 Future is following this morning with SMP futures down twenty 0:12:42.200 --> 0:12:44.840 one points down, futures down a hundred seventy and nasday 0:12:44.880 --> 0:12:47.680 futures down sixty four, the ten year treasury down twelve 0:12:47.760 --> 0:12:50.559 thirty seconds, l three point seven three per cent in 0:12:50.600 --> 0:12:53.080 a yield in the two year four point three six percent, 0:12:53.480 --> 0:12:55.520 and nime X screwed oil down one and a half 0:12:55.640 --> 0:12:58.719 percent at eighty four dollars thirty cents a barrel. That's 0:12:58.760 --> 0:13:02.320 a Bloomberg Business flagh. Now here's Michael barrlickmore on what's 0:13:02.360 --> 0:13:05.400 going on around the world. Karen, thank you very much. 0:13:05.440 --> 0:13:08.800 Republicans have one control of the House by a slim majority. 0:13:09.080 --> 0:13:12.920 It gives conservatives leveraged to slow down President Joe Biden's agenda. 0:13:13.320 --> 0:13:17.480 North Korea has responded to recent US military and diplomatic 0:13:17.480 --> 0:13:20.760 moves with a missile test. The usn South Korean Force 0:13:20.800 --> 0:13:24.520 has conducted a missile defense exercise this morning in the NBA. 0:13:24.679 --> 0:13:27.880 The next one the Celtics. They won their eighth straight. 0:13:28.160 --> 0:13:32.120 The Wizards and Warriors lost. Global News twenty four hours 0:13:32.120 --> 0:13:35.480 a day on air and on Bloomberg Quick Take, powered 0:13:35.480 --> 0:13:38.440 by more than twenty seven hundred journalists and analyston more 0:13:38.480 --> 0:13:42.600 than one hundred twenty countries. Michael Barr and this is Bloomberg, Nathan. 0:13:42.600 --> 0:13:45.360 Thanks Michael. It is six eighteen on Wall Street Live 0:13:45.400 --> 0:13:49.079 from the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak, 0:13:49.120 --> 0:13:50.920 and we want to bring you more of our conversation 0:13:51.000 --> 0:13:54.840 now with Ukrainian President Vladimir Zelenski. He joined Bloomberg News 0:13:54.920 --> 0:13:57.439 Editor in chief John Michael Flat in a video call 0:13:57.520 --> 0:14:00.959 at the Bloomberg New Economy Forum in Singapore. War President 0:14:01.040 --> 0:14:04.160 Zelenski spoke about the possibility for peace talks with Russia 0:14:04.280 --> 0:14:07.840 and his dreams for his country after the war ends 0:14:08.800 --> 0:14:13.160 in October. That you are potentially open to talks with Russia, 0:14:13.400 --> 0:14:17.840 but not while Vladimir Putin as president. What can we 0:14:17.880 --> 0:14:21.520 talk about Budding is not one person, that these are 0:14:21.640 --> 0:14:25.600 several people, and there's nothing to talk about with these 0:14:25.600 --> 0:14:32.000 several people today. If tomorrow they are prepared to take 0:14:32.040 --> 0:14:36.520 the peace formula, if they are ready to withdraw from 0:14:36.520 --> 0:14:41.520 our territory de occupy Ukraine and acknowledge that this is 0:14:41.560 --> 0:14:43.920 a tragedy and not just a mistake, that this is 0:14:43.960 --> 0:14:47.920 a tragedy of them being aggressors, if they are ready 0:14:47.960 --> 0:14:52.400 to compensate as it is prescribed in the peace formula, 0:14:52.440 --> 0:14:56.960 if they're ready to accept it, only then we call 0:14:57.640 --> 0:15:01.840 can start thinking about talking to this group of people. 0:15:02.480 --> 0:15:07.680 And if in Russia there will be other people who 0:15:07.720 --> 0:15:13.040 will would be prepared on the diplomatic level to acknowledge 0:15:13.840 --> 0:15:18.160 the piece formula in any format, but first of all 0:15:18.200 --> 0:15:22.640 acknowledge our territorial integrity, that we are as subjects, that 0:15:22.760 --> 0:15:25.240 we are the same people as they are, we're ready 0:15:25.280 --> 0:15:27.520 to talk to them. Of course, the grain deal and 0:15:27.600 --> 0:15:30.080 the exports of grain, and that looks as if it's 0:15:30.520 --> 0:15:34.240 going to roll over. The other big issue is fertilizer. 0:15:34.760 --> 0:15:38.000 You produced a lot of the world's fertilizer and everyone 0:15:38.120 --> 0:15:41.400 is worried about the fact it's stuck. Do you think 0:15:41.440 --> 0:15:44.280 there is room for a deal on that as well? 0:15:46.160 --> 0:15:54.600 Thank you for this question. Grain deal is already extended. 0:15:55.000 --> 0:16:01.080 This is not negotiating. It's already a fact four months more, 0:16:02.040 --> 0:16:05.480 as I said in my statement, but one of the 0:16:05.520 --> 0:16:10.000 items of the peace formulas that it has to be unrestricted. 0:16:15.000 --> 0:16:17.840 Apart from the grain deal, you have to understand that 0:16:17.920 --> 0:16:23.360 we have grown strongly in logistics. We have built different 0:16:23.640 --> 0:16:28.920 pathways during this war in the several months, and that's 0:16:28.960 --> 0:16:33.680 another area where the investments could come and we invited them. 0:16:34.280 --> 0:16:39.120 But also the processing industry. How will Ukraine be different 0:16:39.400 --> 0:16:42.760 after the war than it was before? To give you 0:16:42.800 --> 0:16:46.040 one example, many of us when we came to Ukraine, 0:16:46.080 --> 0:16:50.600 one persistent worry was corruption. Will the new Ukraine that 0:16:50.720 --> 0:16:54.760 everyone admires so much at the moment, but the Ukraine 0:16:54.800 --> 0:16:57.520 that emerges from the war, will it be different like that? 0:16:57.920 --> 0:17:03.720 How will Ukraine be different in four or five years um? Best, 0:17:05.880 --> 0:17:09.679 First of all, there will not be political influence of 0:17:09.800 --> 0:17:13.440 Russia and Ukraine. And secondly, there will not be influence 0:17:13.520 --> 0:17:19.720 of Russian capital. They withdrawn from our companies will pushed 0:17:19.760 --> 0:17:25.960 them out. The political parties of that they were influencing 0:17:26.040 --> 0:17:30.120 our expand and they will not participate in the next election, 0:17:31.080 --> 0:17:34.399 so the information or influence on our development into a 0:17:34.440 --> 0:17:37.560 political correction will not be there as well, and this 0:17:37.640 --> 0:17:42.040 is very important because that shapes the independence of our 0:17:42.080 --> 0:17:46.520 country and also investments and the condition with corruption. There 0:17:46.560 --> 0:17:50.840 will be no corruption. We don't have it now, of course, 0:17:50.920 --> 0:17:57.760 because we're all united around our country. Many people look corrupt. 0:17:57.800 --> 0:18:01.320 People have left the country with their money and we 0:18:01.400 --> 0:18:03.960 will do our best for them to stay where they 0:18:04.000 --> 0:18:10.320 now are the most important things that we have to 0:18:09.440 --> 0:18:15.720 u focus on. We are united only those who want 0:18:15.720 --> 0:18:17.840 to protect their country. No one will be able to 0:18:17.880 --> 0:18:22.040 forgive corruption in future after the war because we've lived 0:18:22.040 --> 0:18:26.560 with very difficult challenges and war. Technologically, there will be 0:18:26.640 --> 0:18:30.280 no corruption because during this time we will have done 0:18:30.320 --> 0:18:32.880 everything to make sure that it works online. We are 0:18:33.000 --> 0:18:39.959 already have cuts in the management of our government agencies 0:18:40.000 --> 0:18:42.479 that should be less government in the business, so we 0:18:42.720 --> 0:18:48.120 this is why we're doing all services um digitally. So 0:18:48.160 --> 0:18:51.719 we started this with convict COVID because of the pandemics, 0:18:51.760 --> 0:18:56.280 but during the war we have boosted this with new 0:18:56.359 --> 0:19:00.800 dynamic so all the services are going to be electronics, 0:19:00.800 --> 0:19:05.040 so they will not be contact with the with the 0:19:05.040 --> 0:19:08.960 civil servants and still will not be pressed on on business. 0:19:09.040 --> 0:19:13.880 And this talks about the independence of economy and transparency 0:19:13.920 --> 0:19:18.320 of investments, and these are the most important things. I 0:19:18.359 --> 0:19:25.320 think that many people who have left Ukraine, many families 0:19:26.160 --> 0:19:30.400 with children and students, who want to come back and 0:19:30.520 --> 0:19:36.840 build their country based on different values, and I think 0:19:37.000 --> 0:19:40.320 that this will be a completely different country where I 0:19:40.359 --> 0:19:42.960 would like to welcome you to come. And that was 0:19:43.080 --> 0:19:46.679 Ukrainian President vladimir's Leinsky speaking with Bloomberg News Editor in 0:19:46.720 --> 0:19:50.159 chief John Michelswaite at the conclusion of the Bloomberg New 0:19:50.200 --> 0:19:53.640 Economy Forum in Singapore. You can catch their full interview 0:19:53.680 --> 0:19:56.760 anytime on Bloomberg dot Com or on the Bloomberg terminal, 0:19:56.800 --> 0:19:59.920 and we will continue bringing you more from Ukrainian Presidents 0:20:00.040 --> 0:20:03.160 Lensky's remarks at the New Economy Forum throughout the day 0:20:03.240 --> 0:20:07.040 here on Bloomberg Radio. For now it's on Wall Street. 0:20:07.040 --> 0:20:10.080 We want to turn to this market for that. We're 0:20:10.160 --> 0:20:13.600 joined live by liz Anne Saunders, chief investment strategist at 0:20:13.640 --> 0:20:15.560 Charles Schwab. It's great to have you on with us 0:20:15.600 --> 0:20:17.399 this morning. Lizz Anne, Thanks for being here, though we 0:20:17.400 --> 0:20:21.880 are seeing a leg lower in the future perspective. Liz 0:20:21.880 --> 0:20:25.439 Ane Saunders of Charles Schwab, thank you for being here. Karen, alright, 0:20:25.480 --> 0:20:27.520 we are coming up to stage thirty on Wall Street 0:20:27.520 --> 0:20:30.200 and good morning. I'm Karen Moscow along with Nathan Hanker, 0:20:30.280 --> 0:20:32.600 and we're just about three hours away from the open 0:20:32.640 --> 0:20:34.719 of US trading. It's time for the five things that 0:20:34.760 --> 0:20:37.119 you need to notice start your day, prompts to you 0:20:37.160 --> 0:20:41.320 by Interactive Brokers. Interactive Brokers charges margin loan rates from 0:20:41.359 --> 0:20:44.280 four point three three percent to five point three rate, 0:20:44.359 --> 0:20:46.639 subject to change. Learn more at I v k R 0:20:46.760 --> 0:20:50.560 dot com slash compare up. First, officials are investigating the 0:20:50.640 --> 0:20:53.919 missile strike that killed two people in Poland. President Biden 0:20:54.000 --> 0:20:56.399 was asked about it. What's your reaction to Presidents the 0:20:56.440 --> 0:20:59.680 Weskie saying that the bistles been landed at Poland. We're 0:20:59.680 --> 0:21:04.720 not Pradian. That's not the over. President Biden, along with 0:21:04.760 --> 0:21:07.240 Poland and NATO all say the missile likely came from 0:21:07.359 --> 0:21:11.920 Ukrainian air defenses. Meanwhile, Ukrainian President vladimir's Lensky insists it 0:21:12.200 --> 0:21:15.359 was a Russian rocket that struck Poland. He was asked 0:21:15.400 --> 0:21:18.200 about it by Bloomberg Editor in chief John mickel Thwaite 0:21:18.359 --> 0:21:21.880 at the Bloomberg New Economy Forum in Singapore, who were 0:21:22.040 --> 0:21:26.159 about hundreds missiles that will launch on that day. And 0:21:26.200 --> 0:21:29.399 I'm grateful for the world too for the support of 0:21:29.520 --> 0:21:33.440 Ukraine with air defense and anti missile defense. But nevertheless, 0:21:33.480 --> 0:21:36.879 you can see what are the consequences and optimists of 0:21:36.920 --> 0:21:39.960 the Russian war. This is not the first time that 0:21:40.520 --> 0:21:45.200 the whole missile, a piece of missile of Russia falls 0:21:45.240 --> 0:21:49.560 down on the territory of another country. President President vladimir's Lenski, 0:21:49.640 --> 0:21:52.320 speaking through an interpreter, says Ukraine will go to the 0:21:52.320 --> 0:21:55.600 blast side in Poland as part of the investigation. Turning 0:21:55.600 --> 0:21:58.399 back to the US, Karen Republicans have won a slim 0:21:58.440 --> 0:22:01.159 majority in the House bloom For said Baxters, as it 0:22:01.200 --> 0:22:04.359 gives them considerable power. They now have subpoena power and 0:22:04.359 --> 0:22:07.280 control over powerful committees. They've said they will make the 0:22:07.320 --> 0:22:11.720 Biden administration their top priority. Potential probes and everything from 0:22:11.760 --> 0:22:15.760 Afghanistan pull out to border policies, the origins of COVID nineteen, 0:22:15.840 --> 0:22:19.520 the FBI search at mar Lago, and dealings involving President 0:22:19.680 --> 0:22:23.440 Biden's son Hunter in San Francisco. I'm at Baxter Bloomberg 0:22:23.520 --> 0:22:26.480 Daybreak right and thank you. Over in the UK, investors 0:22:26.480 --> 0:22:30.760 are watching Chancellor Jeremy Hunt delivered details on the UK budget. Elsewhere, 0:22:30.800 --> 0:22:33.960 Bloomberg News reports the European Central Bank could slow the 0:22:33.960 --> 0:22:37.040 pace of upcoming rate hikes as talks of another seventy 0:22:37.040 --> 0:22:40.119 five basis point hike lack momentum. As for the US 0:22:40.200 --> 0:22:43.719 Central Bank, Karen Fed Governor Christopher Waller is voicing support 0:22:43.760 --> 0:22:46.000 for a fifty basis point hike at the next fo 0:22:46.119 --> 0:22:49.600 MC meeting. The normally hawkish Waller spoken Phoenix yesterday and 0:22:49.640 --> 0:22:52.560 an update Nathan on ft X. In a series of tweets, 0:22:52.560 --> 0:22:56.520 former CEO Sam Bankman Freed amidst the collapsed crypto exchange 0:22:56.560 --> 0:22:59.040 got careless and said he would do his best to 0:22:59.040 --> 0:23:02.040 say if customers can new management at fd X A 0:23:02.160 --> 0:23:05.760 Bankman Free does not speak on the company's behalf. And 0:23:05.800 --> 0:23:07.840 that's the five things that you need to notice start 0:23:07.880 --> 0:23:11.600 your day. Brought to you by Interactive Brokers. And futures 0:23:11.600 --> 0:23:14.399 are lower this morning, S and P futures down twenty 0:23:14.400 --> 0:23:19.320 four points now futures down and nasdag futures down seventy one. 0:23:19.640 --> 0:23:22.160 Ten year treasuries down ten thirty seconds, you know, three 0:23:22.160 --> 0:23:24.840 point seven two percent, and the yield on the two 0:23:24.920 --> 0:23:28.600