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Speaker 1: Live from the Bloomberg Interactive Burger Studios is Bloomberg Day Breakfast, Tuesday,

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Speaker 1: March one. Coming up this hour Russia's steps up shelling

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Speaker 1: of key cities in Ukraine. We are live with the latest.

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Speaker 1: More companies abandon ties to Russia as Moscow becomes increasingly

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Speaker 1: isolated and the war becomes a key focus for President.

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Speaker 1: Finded in Tonight's State of the Union address, New York

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Speaker 1: Mayor Adams says the NYPD has been too slow in

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Speaker 1: designating hate crimes. Plus Hong Kong Scope nineteen talody rate

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Speaker 1: is now one of the highest in the world. I'm

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Speaker 1: like to blomber more ahead. I'm John Stashower and sports blowout.

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Speaker 1: Loss for the Nets, easy win for the Devil's in

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Speaker 1: a marathon bargaining session to try and end the baseball lockout.

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Speaker 1: That's all straight ahead on Bloomberg Day Break on Bloomberg

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Speaker 1: eleven three O New York, Bloomberg one, Washington, d C,

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Speaker 1: Bloomberg one O six one, Boston, Bloomberg nine sixties, San Francisco,

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Speaker 1: Sirius x M one nineteen and around the world Old

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Speaker 1: on Bloomberg Radio dot Com and via The Bloomberg Business.

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Speaker 1: Good Morning, I'm Nathan Hagar and I'm Karen Moscow, and

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Speaker 1: global stocks are retreating again this morning. We're coming up

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Speaker 1: to six one on Wall Street, and I checked the

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Speaker 1: markets every fifteen minutes throughout the trading day on Bloomberg

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Speaker 1: SMP futures down twenty five points down, futures down one

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Speaker 1: seventy seven, and Nazdag futures down eight. The docks in

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Speaker 1: Germany is down two point one percent. The ten year

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Speaker 1: treasury up thirty seconds, yield one point seven four percent,

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Speaker 1: and they yield on the two year at one point

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Speaker 1: three one percent. Nathan, Karen, we'll have more in markets

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Speaker 1: in a minute, but we begin in Ukraine. Russia has

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Speaker 1: escalated shelling overnight in key cities as a large Russian

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Speaker 1: convoy moves slowly toward the capital of Kiev. Amy Morris

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Speaker 1: has the latest from our Bloomberg newsroom. In Washington, Senators

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Speaker 1: held a closed door briefing on the Russian invasion of

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Speaker 1: Ukraine last night, where Ukraine's ambassador sent our country needs

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Speaker 1: more military weapons. Republican Senator Met Romney says the US

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Speaker 1: hand provide some help. We continue to have the capacity

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Speaker 1: to get armament and and nourishment two fighters in Ukraine.

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Speaker 1: That's done not by US directly. Democratic Senator Chris Coon

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Speaker 1: says they're bracing now for a humanitarian crisis. Suspect Russia

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Speaker 1: will try and starve the population of Keith. We have

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Speaker 1: to be prepared to provide significant humanitarian relief. New satellite

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Speaker 1: images today show a forty mile long Russian military convoy

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Speaker 1: just north of Kiev. In Washington, I'm Amy Morris, Bloomberg Daybreak.

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Speaker 1: All right, Amy, thank you. As Russia steps up attacks

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Speaker 1: on Ukraine, the fighting could turn even more brutal. That's

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Speaker 1: a concern we're hearing from retired Lieutenant General Ben Hodges,

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Speaker 1: former commander of US Army Europe. It was two days

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Speaker 1: ago the whole world saw dismissal that slammed into an

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Speaker 1: apartment building, and that sort of thing is going to

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Speaker 1: increase um. I think he will do whatever it takes

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Speaker 1: to number one to decapitate the government uh and number

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Speaker 1: two to avoid the humiliation of his forces being defeated

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Speaker 1: and not able to tape. Retired Army Lieutenant General Van

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Speaker 1: Hodges spoke at our Washington correspondent Joe Matthew on Bloomberg

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Speaker 1: Sound on Catch the program weekdays at five pm Eastern

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Speaker 1: on Bloomberg Radio. We'll caring the list of country companies abandoning.

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Speaker 1: Russia's growing quickly in the mass exodus is reversing three

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Speaker 1: decades of investment by Western business. Bloomberg's Rinia Young Joints

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Speaker 1: US Live with the details. Good morning Grinina, Good morning Nathan.

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Speaker 1: Russia's largest foreign investor, VP lead the way with its

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Speaker 1: surprising announcement on Sunday that it would exit it stake

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Speaker 1: in state controlled Rosneft. That move could result in a

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Speaker 1: twenty five billion dollar right off and cut its global

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Speaker 1: oil and gas production by a third. Shell followed yesterday

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Speaker 1: saying its ending partnerships with state controlled gas prom citing

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Speaker 1: Russia's quote senseless act of military aggression. In Equanoor, which

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Speaker 1: is Norway's biggest energy company and majority owned by the state,

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Speaker 1: also announced it will start withdrawing from joint ventures in

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Speaker 1: Russia worth about one point to billion dollars. Live in

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Speaker 1: New York. I'm going need a Young Bloomberg daybreak. I

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Speaker 1: need to thank you. A couple of well straight titans

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Speaker 1: are speaking out about the Russian invasion. JP Morgan, CEO

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Speaker 1: Jamie Diamond warrants that disconnecting Russian banks from the Swift

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Speaker 1: messaging system papering unintended consequences. The same she says they

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Speaker 1: cannot to busie a Swift thing. Says, I can't use

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Speaker 1: a communication to do busy with you. I can still

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Speaker 1: do busy with you. And there are a lot of

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Speaker 1: working outs in the Swift so they're different tools were

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Speaker 1: used for different reasons. JP Morgan CEO Jamie Diamond made

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Speaker 1: the comments in an interview with the Bloomberg's at Hammond,

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Speaker 1: saying market volatility remain high as long as the war

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Speaker 1: in Ukraine continues. We also caught up Karen with Citadel

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Speaker 1: founder Ken Griffin. The billionaire says, this is a very

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Speaker 1: critical time in geopolitics. I think we're at a very

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Speaker 1: very very volve conflection point that will come down to

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Speaker 1: whether or not the Russians will be satisfied by simply

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Speaker 1: extending their effective borders in the Ukraine. Will they take Kiev,

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Speaker 1: Will they position themselves to reach beyond the borders of

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Speaker 1: the Ukraine. The last is terrifying the markets. Citadel founder

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Speaker 1: Ken griff And made those comments in an upcoming interview

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Speaker 1: on Bloomberg Wealth with David Rubinstein the show They've used

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Speaker 1: March twenty two at nine pm Eastern on Bloomberg Radio Television.

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Speaker 1: I should say sorry, oh good. Market volatility Nathan remains

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Speaker 1: high as world powers step into isolate commodity rich Russia.

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Speaker 1: Let's get the latest on the action live with Bloomberg

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Speaker 1: John Tucker, John sharing the risk of markets includes disruptions

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Speaker 1: to supplies of raw materials, which threaten the stoke high

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Speaker 1: inflation and hamper growth. We saw Bayer this morning warning

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Speaker 1: that the Ukraine invasion poses a risk to its outlook

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Speaker 1: on Those pressures may also impact monetary policy. Rhet McGonagall

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Speaker 1: as chairman of Capital Link. At the end of the day,

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Speaker 1: what I think is going to happen is this gives

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Speaker 1: some sort of a pause to an overly hawkish fed

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Speaker 1: Deutsche Bank strapped. Just say, stocks typically decline around six

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Speaker 1: to eight percent after a geopolitical event before trey sing

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Speaker 1: those losses in about three weeks. Aside from equities, oil

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Speaker 1: pushing hires investors trying to figure out whether a possible

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Speaker 1: release of strategic reserves will have much of an impact.

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Speaker 1: Checking prices right now, Brent crew at a three percent

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Speaker 1: at one oh one twenty seven of barrel Line to

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Speaker 1: New York on John Tucker Bloomberg Daybreak. All right, John,

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Speaker 1: thank you. The invasion of Ukraine will take the spotlight

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Speaker 1: tonight and President Biden State of the Union address. Originally

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Speaker 1: he planned to highlight the improving coronavirus outlook and rebrand

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Speaker 1: his domestic policy priorities. The timing of tonight's speech creates

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Speaker 1: a large opportunity for the president, according to Barbara Perry,

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Speaker 1: director of Presidential Studies at the Miller Center of Public Affairs,

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Speaker 1: if he sees as this moment, gives a good, solid speech,

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Speaker 1: acknowledges people's pain, points out what he's done well, where

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Speaker 1: his victories have been. And I think on the Ukrainian business,

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Speaker 1: this could be his ish benign Berliner moment of John

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Speaker 1: Kennedy is standing at the Berlin Wall in nineteen three.

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Speaker 1: I don't know how to say it in Russian, but

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Speaker 1: ish benign Ukrainian. Barbara Perry was a guest on Bloomberg's

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Speaker 1: Balance of Power. Catch a special edition of the program

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Speaker 1: tonight with live coverage of the State of the Union dress.

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Speaker 1: It starts at eight thirty p m. Eastern on Bloomberg

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Speaker 1: Radio and television SMP futures down down twenty five points

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Speaker 1: down features down a hundred eighty six dance deck features

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Speaker 1: are lower by eighty eight points. Straight ahead, local headlines

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Speaker 1: and the check of sports. This is Bloomberg. It sounds

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Speaker 1: six oh seven on Wall Street where thirty three degrees

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Speaker 1: in Central Park got an accident in Newark's northbound Root

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Speaker 1: twenty one at Mill Street. Details coming up in traffic

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Speaker 1: First Michael Barr with more on what's going on in

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Speaker 1: New York and around the world. Good morning, Michael, Good

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Speaker 1: morning Nathan. New York City Mayor Eric Adams said that

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Speaker 1: he hoped replacing the n y p d s Hate

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Speaker 1: Crime Unit head will add a sense of urgency to

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Speaker 1: the issue. I thought we were too slow and designating

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Speaker 1: um investigating something as a particular hate crime. Mayor Adam

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Speaker 1: says he wanted a new face and a new vision

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Speaker 1: investigating hate crimes. Earlier this month, the NYPD reassigned Inspector

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Speaker 1: Jessica Corey, head of the Hate Crime Task WARS. The

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Speaker 1: decision followed a number of high profile incidents targeting members

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Speaker 1: of the Asian Americans and Pacific Islanders communities, as well

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Speaker 1: as an overall increase and hate crimes across the city. Meanwhile,

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Speaker 1: Mayor Adams also talked about the city hoping to lift

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Speaker 1: more COVID mandates and businesses and schools. We are trending

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Speaker 1: in the right direction. And every morning when I wake

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Speaker 1: up and speak with my doctors, as I stated from

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Speaker 1: the beginning, we want to follow the science, and they've

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Speaker 1: they have followed the science. We want to get to

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Speaker 1: where at the right level we want to be. We

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Speaker 1: just don't want to move too quickly. Now their children

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Speaker 1: are coming back here. Adams talked with Bloomberg's Joe Matthew

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Speaker 1: on balance of power. Hong Kong's COVID nineteen fatality rate

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Speaker 1: is now one of the highest in the world. There

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Speaker 1: has been a wave of deaths among its under vaccinated

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Speaker 1: elderly population. The Senate last night took up the issue

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Speaker 1: of a woman's right to an abortion. The vote to

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Speaker 1: open debate on the Women's Health Protection Act failed. Republicans

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Speaker 1: widely opposed the bill, and pill busted it, stopping the

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Speaker 1: management from proceeding in the legislative process. Still, Democrats went

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Speaker 1: ahead with a vote to put Republicans on record opposing

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Speaker 1: to measure. Send a majority leader Chuck Schumer of New

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Speaker 1: York says he supports the bill. We must fight to

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Speaker 1: stop these insidious efforts to curtail a woman's right to

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Speaker 1: access safe, legal abortion, and we must assert the federal

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Speaker 1: government's role to protect this constitutional right. The bill is

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Speaker 1: meant to federally safeguard abortion rights, which faces an uncertain

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Speaker 1: future in the U. S. Supreme Court. People are out

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Speaker 1: the party as New Orleans first full dress Marty Grass

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Speaker 1: back Today, back to back parades are taking place. Masks

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Speaker 1: against COVID nineteen I required only in indoor public spaces.

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Speaker 1: The parades were canceled last year. Global News twenty four

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Speaker 1: hours a day on here and on Bloomberg Quick Take,

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Speaker 1: powered by more than journalists and analysts more than twenty countries.

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Speaker 1: Michael bar this is Bloomberg nak already, Marty Gros, thank you. Michael.

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Speaker 1: Down up to six ten on Wall Street time for

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Speaker 1: the Bloomberg Sports update, whichown snshar. Thanks they offend. Still

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Speaker 1: no labor deal. They in the baseball lockout, but at

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Speaker 1: least they are trying. The two sides met until two am.

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Speaker 1: Will be back at eleven this morning. They pushed back

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Speaker 1: to deadline and was to be last night. If no deal,

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Speaker 1: an opening day would be postponed. That deadline is now

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Speaker 1: five o'clock today. Earlier, the big baseball story was Derek

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Speaker 1: Jener's surprise resignation as CEO of the Miami Marlins and

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Speaker 1: the parent disagreement with his boss over the direction of

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Speaker 1: the franchise. Theater had a four percent ownership stake, which

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Speaker 1: you will now sell off. Long Night for the Knats

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Speaker 1: in Brooklyn, Toronto, scored forty two points in the first

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Speaker 1: quarter and the route was on. The Raptors won one

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Speaker 1: thirty three to nineties seven. Rookie Scottie Barnes scored points.

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Speaker 1: He made his first eleven shots. Nets still without the

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Speaker 1: injured Kevin Durant, he is expected back soon. They were

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Speaker 1: without tire Your Revenue hasn't played a home game all season,

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Speaker 1: and Nets coach Steve Nash, who was at the arena

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Speaker 1: and did his pregame presser, then had to leave for

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Speaker 1: health and stay at protocol. The Nets have now lost

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Speaker 1: fourteen of seventeen. Irving did leave them to a victory

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Speaker 1: last weekend in Milwaukee, and then he spoke about being

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Speaker 1: perhaps being allowed to play home games despite being unvaccinated.

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Speaker 1: You know, just remain impatient and just seeing where things

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Speaker 1: end up in it's next week or so were the

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Speaker 1: next two weeks. I'm not too sure, but I know

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Speaker 1: as much as you do. And uh, I just I

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Speaker 1: want to say this is that I'm very appreciative to

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Speaker 1: all thottles that are question behind the scenes to make

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Speaker 1: our world a better player. City is going to start

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Speaker 1: allowing unvaccinated fans into the arena, but that may not

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Speaker 1: mean Irving will then be allowed to play Devil's a

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Speaker 1: seven or two out of Vancouver Fordham Meat. You match

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Speaker 1: John stash Award Bloomberg's fool Stapen. John thanks SMP. Futures

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Speaker 1: down down twenty seven points down, futures down two dance

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Speaker 1: at futures lower by nine points. The tenure treasury now

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Speaker 1: to nine percent. Stay this you're listening to Bloomberg Day Brown.

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Speaker 1: the Bloomberg Business Out and at Bloomberg Quicktape. He's a

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Speaker 1: Bloomberg Business Flash. But I'm Karen Moscow and futures this

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Speaker 1: morning are falling. There's a fresh wave of volatility that's

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Speaker 1: hitting global markets as the conflict in Ukraine intensifies them

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Speaker 1: in mounting penalties against Russia. Stocks in Europe are falling

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Speaker 1: as well, bonds gaining, oil pushing higher. Check the markets

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

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Speaker 1: it's in P futures down twenty eight points down, futures

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Speaker 1: down one ninety and nasday futures down one hundred and

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Speaker 1: eight cents at ninety eight dollars eighty cents a barrel

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Speaker 1: comes called up one point three percent of twenty four

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Speaker 1: dollars fifty cents at nineteen twenty five announced. The euro

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Speaker 1: one point one one seven seven against the dollar, British

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Speaker 1: five hundred fifty dollars. Chevron doubling at share by back

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Speaker 1: to as much as ten billion dollars a year. Pledging

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Speaker 1: at shareholders will see the benefits of high oil prices

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Speaker 1: by locking and spending at historically low levels and reducing costs.

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Speaker 1: As a Bloomberg business flash, now here's Michael bar with

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Speaker 1: more on what's going on around the world. Michael Karen,

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Speaker 1: thank you very much. A forty mile convoy of Russian

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Speaker 1: tanks another vehicles just threatening Ukraine's capital, Keith as an

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Speaker 1: intense shelling attacks are got to the country's second largest city. Meanwhile,

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Speaker 1: both sides looked to resume talks in the coming days

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Speaker 1: aimed at stopping the fighting. Major League Baseball has extended

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Speaker 1: its deadline for reaching a labor deal to today at

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Speaker 1: five pm, for salvaging opening day as scheduled in March,

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Speaker 1: thirty feet locked out players and team owners engaged in

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Speaker 1: a series of intense negotiations that began yesterday and stretched

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Speaker 1: into early this morning in the NBA, the Nets lost

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Speaker 1: in the NHL, the Devil's and Bruins won, the Capitol's lost.

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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 undred

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Speaker 1: journalists and analysts more than a hundred twenty countries. I'm

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Speaker 1: Michael Barren. This is Bloomberg, Nathan. Thanks Michael. At six

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Speaker 1: nineteen on Wall Street Life from the Bloomberg Interactive Brokers Studios.

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Speaker 1: This is Bloomberg Daybreak and Bloomberg's Maria Today. Oh is

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Speaker 1: with us now from Warsaw, Poland, as we continue following

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Speaker 1: fast moving developments in the war in Ukraine, including Maria.

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Speaker 1: This redheadline that just crossed the Bloomberg terminal minutes ago.

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Speaker 1: The European Union now seeking to block seven Russian banks

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Speaker 1: from the Swift messaging system, including VTB. This would come

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Speaker 1: on top, of course, of the sanctions on several other

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Speaker 1: Russian banks, including spur Bank, the second largest bank in Russia.

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Speaker 1: What are the implications of this ratcheting up of potential

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Speaker 1: sanctions against Russia's financial sector. Well, I think before we

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Speaker 1: get to the implications, we have to look at what

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Speaker 1: happened yesterday night. The nature of this war in Ukraine

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Speaker 1: completely changed. This was an escalation on all fronts. We've

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Speaker 1: seen Russia essentially taken aim at residential buildings. There's nothing

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Speaker 1: to do with military points or military targets. We've seen

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Speaker 1: Russia this morning staying the operation, meaning the invasion and

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Speaker 1: the war is going to continue until we achieve our

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Speaker 1: targets and our goals. We know what that means, get

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Speaker 1: rid of the government in Ukraine, the weaponize the country

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Speaker 1: and of course bring it closer to the Russian sphere

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Speaker 1: of influence. And yesterday it was a brutal night of fighting.

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Speaker 1: It is for the Ukrainian military, which is holding up

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Speaker 1: has been sick states and what you send on what

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Speaker 1: you feel is that there's almost this desperation, running out

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Speaker 1: of time, running out of patients from the Kremlin that

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Speaker 1: they expected this is going to be an easy forty

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Speaker 1: eight hour award without turning into a week long conflict.

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Speaker 1: The Ukrainians still want to continue to fight. I mean,

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Speaker 1: we should make it very clear to people there is

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Speaker 1: a well enormous will in the country to resist and

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Speaker 1: that is being manifested and the brutality of the attacks

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Speaker 1: that we expect, unfortunately that in the next forty eight

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Speaker 1: hours Russia is gonna hit major targets with everything they have.

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Speaker 1: And we've heard from the Ukrainian presidents as well. Voladmire Zelinski,

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Speaker 1: he's been addressing the European Parliament. Uh, get us up

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Speaker 1: to speed on what he's been saying and the resolve

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Speaker 1: that we've been seeing from the Ukrainian government and from

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Speaker 1: forces on the ground. Well, if you see Samansky, this

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Speaker 1: is a man who in the past six hours has

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Speaker 1: been the center of every war effort in Ukraine to

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Speaker 1: try to contain the situation. For many of my Ukrainian

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Speaker 1: friends that I seek to they say they go on

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Speaker 1: his WhatsApp, on his telegram channel, they look at his messages,

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Speaker 1: and he really drops up Moran and the country. This

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Speaker 1: is someone that could have fled. I mean, this guy

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Speaker 1: is rich. He could have left the country in day two,

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Speaker 1: and he's decided I want to stay here till the end.

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Speaker 1: So of course he's now become almost as this icon

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Speaker 1: for the country. But even in Europe, you know the

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Speaker 1: fact that he's post and videos every six hours to

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Speaker 1: show I haven't fled, I'm not leaving, I'm staying with

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Speaker 1: you and we're going to resist. For the Europeans, it

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Speaker 1: was also a wake up call that the country has

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Speaker 1: made a very conscious decision to fight, to defend itself,

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Speaker 1: to resist, and the Europeans belief once that decision is

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Speaker 1: made and we see the Ukraine can put up a

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Speaker 1: fight and this is not going to be a short world,

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Speaker 1: we have to help them in every capacity. And that

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Speaker 1: is where the debate is heading next. What type of sanctions?

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Speaker 1: What else can the European Union do? What else can

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Speaker 1: the United States do? And I guess there's gonna be

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Speaker 1: a real conversation about the energy sector Andrussia. Is that

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Speaker 1: going to be the next street? Yeah? I wanted to

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Speaker 1: get to that as well, the possibility that we could

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Speaker 1: see UH sanctions targeting the Russian energy sector. As I mentioned,

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Speaker 1: we've got even more ramped up sanctions on the financial sector.

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Speaker 1: How much further could this go and what could the

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Speaker 1: reaction be on the street in Russia. Look the reaction

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Speaker 1: on the street in Russia. I have to tell you,

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Speaker 1: I'm in Poland, I'm in war, So we get a

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Speaker 1: very different picture here of what happens in Russia. We

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Speaker 1: need to know that the Russia there is big repression

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Speaker 1: of people. You just don't go out on the streets

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Speaker 1: to say down, Vladimir Putting, stop the war in Ukraine.

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Speaker 1: I mean when you do that, you're also taking a

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Speaker 1: risk in Russia with the people of Russia. CMTV is

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Speaker 1: now what you and I are seeing and where we're

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Speaker 1: not reporting. The Russia government of Vladimir Putting Stilts were

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Speaker 1: not the bad guys. The West is an empire place,

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Speaker 1: remember that's what he said yesterday. For the Russias is

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Speaker 1: a very different perspective. But we have seen, especially from

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Speaker 1: the younger generation, is that they do not want to

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Speaker 1: see this war happening. You know, this is Ukrainia Russia

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Speaker 1: two countries that have very deep connections, very deep cultural lengths.

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Speaker 1: There's people who of course travel within the border used

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Speaker 1: to before the war escalated. But again the point is

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Speaker 1: the Russian leadership is still focused on this war and

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Speaker 1: let's stay that. Clearly, we want to hit her targets

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Speaker 1: and we want to complete this mission. So again the

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Speaker 1: problem is Lamor Pudding is still very much in command.

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Speaker 1: The military around him has not deserted him. The audio guard,

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Speaker 1: so I know, we'll talk about the rich people of

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Speaker 1: Russia and will kind of pressure they can put on

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Speaker 1: Lamer Britain. But the one thing we need to make

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Speaker 1: clear is that rich people Russia are rich because ladymer

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Speaker 1: Putting allows them to be rich, so their influence very limited.

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Speaker 1: Buried today or Bloomberg News correspondent with us from Warsaw,

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Speaker 1: Poland this morning. Maria. Thank you for staying on top

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Speaker 1: of what's happening and giving us the perspective. They're on

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Speaker 1: the eastern front of the Natal Alliance right now. SMP

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Speaker 1: futures are down twenty four point, STAW futures down a

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Speaker 1: hundred sixty four, NASTAC features down eighty nine points. To

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Speaker 1: tain your treasury up is now the yield one point

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Speaker 1: seven five. This is Bloomberg Bloomberg eleven three oh weather.

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Speaker 1: Clouds in mid forties today, clearing in high your fifty tomorrow,

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Speaker 1: highs your forty by Thursday, under a mostly sunny sky.

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Speaker 1: Right now thirty three mostly cloudy in Central Park. Broadcasting

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

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Speaker 1: Bloomberg e Living Freedom to Washington, d C. Bloomberg ninety

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Speaker 1: nine one to Boston Bloomberg one oh six one to

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Speaker 1: San Francisco, Bloomberg nine sixty to the country, Sirius XM

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Speaker 1: to the one nine te and around the globe, the

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

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

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Speaker 1: Nathan Hagar and I'm Karen Moscow. 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 know to start your day.

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Speaker 1: Brought to you by Interactive Brokers. Interactor Brokers charged his

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Speaker 1: margin loan rates from zero point seven five year cent

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Speaker 1: to one point five eight percent race subject to change.

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Speaker 1: Learn more at i dk R dot com slash compare.

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Speaker 1: We begin with news that Moscow is stepping up shelling

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Speaker 1: in Ukraine. It's also moving more troops into the country.

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Speaker 1: Satellite images show a forty mile long military convoy just

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Speaker 1: north of Kiev. At the same time, the Pentagon is

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Speaker 1: mulling a plan to deal with Russia if it eventually

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Speaker 1: decides to de escalate. Bloomberg's said Baxter, has the story

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Speaker 1: a plan being called a deconfliction mechanism, and spokesman John

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Speaker 1: Kirby says this could happen as Vladimir Putin has met

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Speaker 1: more resistance than he expected. You got to hand it

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Speaker 1: to the Ukrainians who have been fighting very hard for

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Speaker 1: their country and making an impact and making a dent.

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Speaker 1: Having said that, Kirby says, Putin still has more troops available.

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Speaker 1: He hasn't moved all of it into Ukraine, but he's

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Speaker 1: moved the majority of it. He still has a lot

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Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak. All right,

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Speaker 1: and thanks. As the conflict deepens, the list of companies

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Speaker 1: abandoning Moscow is growing. Bloomberg's Rnita Young joins this line

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Speaker 1: with the details. Rnita Nathan. Russia's largest foreign investor, BP

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Speaker 1: led the way with its surprising announcement on Sunday that

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Speaker 1: it would exit its state and state controlled Rosneft. Shell

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Speaker 1: followed yesterday saying it's ending partnerships with state controlled gas Prom. Equanor,

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Speaker 1: which is Norway's biggest energy company, also announced it will

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Speaker 1: start withdrawing from its joint ventures in Russia worth about

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Speaker 1: one point to billion dollars. Live in New York. I'm

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Speaker 1: rened a Young Bloomberg Daybreak. Thanks for Nit to the

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Speaker 1: markets having whip sawed by the war, along with steps

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Speaker 1: to isolate commodity rich Russia. We get the latest on

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Speaker 1: that live with the Bloomberg's John Tucker, John Karen. The

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Speaker 1: efforts to isolate Runch's economy continue. Just minutes ago came

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Speaker 1: word of the European Union is now seeking to block

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Speaker 1: seven Russian banks from Swift, including VTB, the state owned bank.

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Speaker 1: And the impact of markets extends to monetary policy. Traders

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Speaker 1: this morning have erased their bats on a half a

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Speaker 1: point FED rate hike in March, further dimming the prospects

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Speaker 1: for aggressive FED rate hikes that could and also be

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Speaker 1: a positive for US equities that have been experiencing this

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Speaker 1: battle of extreme volatility. Live in New York. I'm John Tucker,

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Speaker 1: Bloomberg Daybreak. You know we're seeing that volatility and energy prices, John,

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Speaker 1: Oil is pushing higher despite whispers of a possible release

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Speaker 1: of strategic reserves by the U S and its allies.

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Speaker 1: Checking prices now, Brents up four percent at a hundred

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Speaker 1: one dollar eighty eight cents of barrel, Nimex screwed up

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Speaker 1: three point at ninety eight six, and the Russian invasion

430
00:23:22,320 --> 00:23:24,639
Speaker 1: will be a main topic tonight at President Biden staid

431
00:23:24,680 --> 00:23:26,560
Speaker 1: a union addressed to an in for live coverage of

432
00:23:26,600 --> 00:23:29,440
Speaker 1: the speech beginning at eight thirty Eastern on Bloomberg Radio

433
00:23:29,480 --> 00:23:31,560
Speaker 1: and Television. And that's the five things you need to

434
00:23:31,600 --> 00:23:34,360
Speaker 1: know to start your day, brought to you by Interactive Brokers.

435
00:23:38,200 --> 00:23:40,120
Speaker 1: And that brings us to six thirty three on Wall Street,

436
00:23:40,160 --> 00:23:42,199
Speaker 1: thirty three degrees in Central Park. Still dealing with an

437
00:23:42,200 --> 00:23:43,960
Speaker 1: accident in New York North found Root twenty one in

438
00:23:44,040 --> 00:23:46,320
Speaker 1: Mill Street. Michael barrs here with what's going on in

439
00:23:46,320 --> 00:23:49,080
Speaker 1: New York and around the world. Michael, thank you very much, Nathan.

440
00:23:49,080 --> 00:23:51,840
Speaker 1: New York City Mayor Eric Adams said the city's police

441
00:23:51,840 --> 00:23:55,880
Speaker 1: department has been too slow and designating and investigating incidents

442
00:23:56,000 --> 00:23:59,000
Speaker 1: as a hate crime. During his news briefing, Adam says

443
00:23:59,040 --> 00:24:02,000
Speaker 1: that he hopes replace the nmpd S Hate Crime Unit

444
00:24:02,080 --> 00:24:04,560
Speaker 1: head will add a sense of urgency to the issue.

445
00:24:04,840 --> 00:24:07,199
Speaker 1: I'm not going to govern the city based on sets.

446
00:24:07,520 --> 00:24:10,000
Speaker 1: Were going to be clear. If there's a crime, we're

447
00:24:10,000 --> 00:24:12,800
Speaker 1: going to we put that crime. Mayor Adams also says

448
00:24:12,840 --> 00:24:15,520
Speaker 1: that he can't make a vaccine exception for the Brooklyn

449
00:24:15,520 --> 00:24:19,080
Speaker 1: Nets basketball star Kyrie Irving, who is prevented from playing

450
00:24:19,080 --> 00:24:22,320
Speaker 1: in home games at the Barclays Center because he's not vaccinated.

451
00:24:22,680 --> 00:24:26,639
Speaker 1: Adams spoke to Bloomberg's Joe Matthew on balance of power there. Adams,

452
00:24:26,640 --> 00:24:30,240
Speaker 1: will you revoke the private employer mandate so Kyrie Irving

453
00:24:30,280 --> 00:24:33,919
Speaker 1: can play at the Barclays Center. That's the question we

454
00:24:33,960 --> 00:24:38,000
Speaker 1: hear all all the time. Listen, the mandate's got us here.

455
00:24:38,600 --> 00:24:43,480
Speaker 1: We can instantly get Kyrie to play. Just get that

456
00:24:43,640 --> 00:24:46,199
Speaker 1: out there all. Mayor Adams also says he plans to

457
00:24:46,240 --> 00:24:49,800
Speaker 1: announce lifting the city's public sector vaccine mandates next week.

458
00:24:50,160 --> 00:24:53,040
Speaker 1: Hong Kong residents empty store shelves and a scramble to

459
00:24:53,080 --> 00:24:56,080
Speaker 1: prepare for reported lockdown of the city later this month.

460
00:24:56,359 --> 00:25:00,000
Speaker 1: Amid a snowballing covidelt break, Hong Kong's COVID nineteen EIGHTE

461
00:25:00,000 --> 00:25:02,760
Speaker 1: tality rate is now the highest in the developed world.

462
00:25:03,080 --> 00:25:06,040
Speaker 1: The city reported one hundred seventeen new COVID deaths today.

463
00:25:06,400 --> 00:25:10,520
Speaker 1: Hong Kong's oldest are the least vaccinated and most vulnerable.

464
00:25:10,840 --> 00:25:14,200
Speaker 1: California authorities say a man shot and killed his three daughters,

465
00:25:14,240 --> 00:25:18,439
Speaker 1: their chaperone, and himself during a supervised visit with girls

466
00:25:18,440 --> 00:25:23,080
Speaker 1: had a church in Sacramento Sacramento County Sheriff spokesman Sergeant

467
00:25:23,160 --> 00:25:26,760
Speaker 1: Rod Grassman says the shooter was estranged from the children's mother.

468
00:25:27,000 --> 00:25:29,960
Speaker 1: This is um, as far as I can see at

469
00:25:30,000 --> 00:25:34,640
Speaker 1: this point, a domestic violence related sort of incident. Sergeant

470
00:25:34,640 --> 00:25:38,160
Speaker 1: Grassman says. The victims included the three girls, ages nine, ten,

471
00:25:38,440 --> 00:25:42,359
Speaker 1: and thirteen. Former New York Governor Andrew Cuomo formerly launched

472
00:25:42,359 --> 00:25:47,080
Speaker 1: a digital and TV advertising campaign aimed at rehabilitating his image.

473
00:25:47,320 --> 00:25:50,040
Speaker 1: It comes six months after he resigned over a damning

474
00:25:50,080 --> 00:25:53,640
Speaker 1: report by the state Attorney General accusing him of multiple

475
00:25:53,680 --> 00:25:57,000
Speaker 1: sexual harassment allegations. The first of the ads, the thirty

476
00:25:57,040 --> 00:26:01,680
Speaker 1: second spot, entitled Politics Versus the Law, features a montage

477
00:26:01,720 --> 00:26:05,040
Speaker 1: of news clips and headlines that seeks to suggest the

478
00:26:05,119 --> 00:26:09,560
Speaker 1: a g's independent investigation into Culomo was politicized. Global news

479
00:26:09,560 --> 00:26:12,200
Speaker 1: twenty four hours a day on air and on Bloomberg

480
00:26:12,280 --> 00:26:15,760
Speaker 1: Quick Take, powered by more than journalists and analysts, are

481
00:26:15,760 --> 00:26:18,879
Speaker 1: more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan,

482
00:26:18,920 --> 00:26:25,920
Speaker 1: Thanks Michael, going up to six thirty six on Wall Street.

483
00:26:26,000 --> 00:26:28,680
Speaker 1: John Stans Sherri's got the Bloomberg Sports Update thanks dating

484
00:26:28,720 --> 00:26:32,280
Speaker 1: baseball's opening day scheduled from March thirty one. Will it happened,

485
00:26:32,320 --> 00:26:34,280
Speaker 1: We still don't know. MLB had said a deadline for

486
00:26:34,480 --> 00:26:37,320
Speaker 1: last night if no labor deal and the lockout in

487
00:26:37,400 --> 00:26:40,040
Speaker 1: the season would be shortened. They have now extended that

488
00:26:40,080 --> 00:26:42,919
Speaker 1: deadline to five o'clock today. The two sides were at

489
00:26:42,920 --> 00:26:46,160
Speaker 1: the bargaining table until two am, and we'll return at

490
00:26:46,160 --> 00:26:49,360
Speaker 1: eleven this morning. Commission to Rob Manford emerged around six

491
00:26:49,480 --> 00:26:52,520
Speaker 1: last night said we are working at it. MLB put

492
00:26:52,520 --> 00:26:54,960
Speaker 1: out a statement that read we want to exhaust every

493
00:26:55,000 --> 00:26:58,359
Speaker 1: possibility to get a deal done. Meanwhile, Derek Jeanter is

494
00:26:58,400 --> 00:27:01,560
Speaker 1: no longer running the Miami Arlans. He resigned after four

495
00:27:01,640 --> 00:27:04,840
Speaker 1: years as CEO. He will now divest his four percent ownership.

496
00:27:05,119 --> 00:27:08,359
Speaker 1: Jeter clearly differed with principal owner Bruce Sherman on the

497
00:27:08,359 --> 00:27:11,000
Speaker 1: direction of the team. The Yankees have named Hensley Mullin's

498
00:27:11,000 --> 00:27:14,399
Speaker 1: assistant hitting coach. Former Yankee player, Mullins was actually a

499
00:27:14,400 --> 00:27:17,359
Speaker 1: finalist to be Yankee manager when they hired Aaron broom

500
00:27:17,720 --> 00:27:19,840
Speaker 1: nets Off. The upset win in Milwaukee began at home

501
00:27:19,840 --> 00:27:22,240
Speaker 1: at home with the Raptors, and it was all Toronto

502
00:27:22,359 --> 00:27:25,480
Speaker 1: in Brooklyn, one thirty three to nineties seven eight two

503
00:27:25,480 --> 00:27:29,000
Speaker 1: teams again tonight in Toronto, fifty two points for John Morant,

504
00:27:29,359 --> 00:27:32,080
Speaker 1: and it went from Memphis Devil's with seven different goal

505
00:27:32,119 --> 00:27:35,120
Speaker 1: scorers in a seven to two rout of Vancouver Fordham

506
00:27:35,200 --> 00:27:38,400
Speaker 1: beat Ums eight five seventy three Tuba O Ham's twenty

507
00:27:38,440 --> 00:27:41,160
Speaker 1: three points, eleven rebounds with the Rams. Broth Carolina beat

508
00:27:41,160 --> 00:27:44,119
Speaker 1: Syracuse in overtime. N y C f C, the defending

509
00:27:44,280 --> 00:27:47,240
Speaker 1: MLS Champions signed a new player in New York City

510
00:27:47,320 --> 00:27:50,280
Speaker 1: native named Maximo Carrizo. He signed what they call a

511
00:27:50,400 --> 00:27:54,560
Speaker 1: homegrown contract on his fourteenth birthday. He's been playing for

512
00:27:54,640 --> 00:27:58,000
Speaker 1: the team's youth academies, which he was number John Stasheward

513
00:27:58,040 --> 00:28:01,040
Speaker 1: Bluebird Sports name him Okay John. Thanks six thirty seven

514
00:28:01,119 --> 00:28:02,800
Speaker 1: on Wall Street. Time to take a look at stocks,

515
00:28:02,840 --> 00:28:04,960
Speaker 1: some of the names moving in the pre market. Launch

516
00:28:05,040 --> 00:28:07,320
Speaker 1: to get you this morning with Gradio on TV. Markets

517
00:28:07,359 --> 00:28:12,320
Speaker 1: correspondent created Goopeda, including some breaking earnings news from Target createy. Yeah, Nathan,

518
00:28:12,400 --> 00:28:14,440
Speaker 1: let's start off with that target number t gt S

519
00:28:14,480 --> 00:28:17,280
Speaker 1: your taker soaring as much as ten percent in the

520
00:28:17,359 --> 00:28:20,359
Speaker 1: pre market. This is huge, some huge earnings coming out

521
00:28:20,400 --> 00:28:25,000
Speaker 1: their profit rising their annual revenue crossing one hundred billion dollars.

522
00:28:25,280 --> 00:28:27,639
Speaker 1: A year ago, Nathan, that number was seventy seven billions,

523
00:28:27,640 --> 00:28:29,800
Speaker 1: So you can really see not only to the holiday

524
00:28:30,320 --> 00:28:33,000
Speaker 1: timeline of the holiday season, really do them well. They've

525
00:28:33,040 --> 00:28:36,400
Speaker 1: really improved on terms of their sales, of those fourth

526
00:28:36,480 --> 00:28:39,680
Speaker 1: quarter sales fulfilled by stores. So once again you are

527
00:28:39,760 --> 00:28:42,920
Speaker 1: seeing although some of that digital traffic increasing I believe

528
00:28:42,920 --> 00:28:45,240
Speaker 1: about nine point five percent, you are still seeing a

529
00:28:45,360 --> 00:28:48,520
Speaker 1: store traffic, which is important as well. So once again

530
00:28:49,040 --> 00:28:51,840
Speaker 1: Target shares up Noell now ten point six percent t

531
00:28:51,960 --> 00:28:54,360
Speaker 1: g T in the pre market. It's not the only

532
00:28:54,440 --> 00:28:57,200
Speaker 1: stocks that are up though, because you are seeing, of course,

533
00:28:57,240 --> 00:28:59,400
Speaker 1: some of those traditional names that come without you have

534
00:28:59,440 --> 00:29:01,800
Speaker 1: political scaring, the ones that we've been talking about for

535
00:29:01,920 --> 00:29:04,080
Speaker 1: days on and Nathan, the law of those oil names

536
00:29:04,320 --> 00:29:08,000
Speaker 1: that specifically have operations in the United States, Occidental is

537
00:29:08,040 --> 00:29:09,600
Speaker 1: at the top of the list. O x Y is

538
00:29:09,640 --> 00:29:12,560
Speaker 1: your ticker up two point one percent, the same story

539
00:29:12,640 --> 00:29:14,800
Speaker 1: for Marathon Oil m R o S your ticker there.

540
00:29:15,120 --> 00:29:18,320
Speaker 1: Chevron as well, cv X up one point six percent.

541
00:29:18,400 --> 00:29:21,400
Speaker 1: They also decided to raise their share buy backs by

542
00:29:21,480 --> 00:29:24,160
Speaker 1: five to ten billion dollars per years. That's also adding

543
00:29:24,200 --> 00:29:26,920
Speaker 1: to that additional boost that you are seeing there. Um,

544
00:29:27,040 --> 00:29:28,960
Speaker 1: you are also seeing some of those defense names. R

545
00:29:29,040 --> 00:29:32,080
Speaker 1: t X, for example, is Raytheon's ticker. Those shares are

546
00:29:32,200 --> 00:29:34,120
Speaker 1: up one percent. We know we saw a huge move

547
00:29:34,200 --> 00:29:37,080
Speaker 1: for Lockeed Martin and L three Hairs Technologies yesterday. So

548
00:29:37,160 --> 00:29:39,920
Speaker 1: once again Geo political US really folding into these markets.

549
00:29:39,920 --> 00:29:41,240
Speaker 1: And we'll give you a quick update. In just the

550
00:29:41,320 --> 00:29:44,400
Speaker 1: last thirty seconds that I've spoken. Target shares now up

551
00:29:44,440 --> 00:29:46,880
Speaker 1: thirteen percent in the previe. It's gonna be one to

552
00:29:46,960 --> 00:29:49,320
Speaker 1: watch for sure. But we've been talking about course, about

553
00:29:49,320 --> 00:29:51,440
Speaker 1: all the businesses that are starting to cut off ties

554
00:29:51,800 --> 00:29:54,680
Speaker 1: with Russian business. How's that affecting their stocks? Yeah, when

555
00:29:54,720 --> 00:29:56,400
Speaker 1: you look at some of the flight paths here, oh,

556
00:29:56,640 --> 00:29:59,840
Speaker 1: United is actually the only American domestic airline that can

557
00:30:00,080 --> 00:30:02,320
Speaker 1: is continuing to fly over Russia right now. We know

558
00:30:02,400 --> 00:30:05,400
Speaker 1: those are limited and United shares you a l's your

559
00:30:05,400 --> 00:30:07,600
Speaker 1: taker down at three tenths of a percent. That's going

560
00:30:07,680 --> 00:30:09,800
Speaker 1: to be worth keeping in mind. You aren't necessarily seen

561
00:30:09,840 --> 00:30:12,360
Speaker 1: that same reaction and some of those other airline stocks,

562
00:30:12,400 --> 00:30:15,240
Speaker 1: but certainly United taking a little bit of an extra hit.

563
00:30:15,280 --> 00:30:17,080
Speaker 1: I'm gonna add Coca Cola into the mix as well,

564
00:30:17,200 --> 00:30:20,160
Speaker 1: KOs your taker down zero point four percent. They have

565
00:30:20,280 --> 00:30:23,000
Speaker 1: some pretty big exposure to the area as well. All right.

566
00:30:23,040 --> 00:30:26,680
Speaker 1: Bloomberg Radio and TV Markets correspondent Crety Gupta with us

567
00:30:26,880 --> 00:30:28,840
Speaker 1: this morning on what is going to be another very

568
00:30:29,040 --> 00:30:32,640
Speaker 1: busy day on a stock by stock basis for sure,

569
00:30:32,680 --> 00:30:34,040
Speaker 1: and as we take a look at stocks as a

570
00:30:34,120 --> 00:30:38,320
Speaker 1: whole ahead of the Tuesday morning open. Futures are moving lower.

571
00:30:38,720 --> 00:30:41,200
Speaker 1: We have SMP futures down down twenty four points, Stown

572
00:30:41,280 --> 00:30:43,640
Speaker 1: futures down a hundred seventy one. NAT stack futures are

573
00:30:43,680 --> 00:30:46,320
Speaker 1: lower by eighty two points now. The tenure treasury is

574
00:30:46,400 --> 00:30:49,640
Speaker 1: up twenty four thirty seconds. The yield one point seven

575
00:30:49,720 --> 00:30:52,000
Speaker 1: four percent yield on the two year one point three

576
00:30:52,120 --> 00:30:54,800
Speaker 1: one percent. Nim X screwed right now at four point

577
00:30:54,840 --> 00:30:57,320
Speaker 1: two percent of three dollars ninety seven cents at ninety

578
00:30:57,400 --> 00:31:02,000
Speaker 1: nine sixty seven cents of Earl and comic Scold is

579
00:31:02,080 --> 00:31:04,040
Speaker 1: hired by one and a quarter percent of twenty three

580
00:31:04,080 --> 00:31:09,120
Speaker 1: dollars forty cents at announced. Straight ahead a preview of

581
00:31:09,200 --> 00:31:13,320
Speaker 1: President Biden's State of the Union address with Ukraine Overshadowing

582
00:31:13,400 --> 00:31:17,840
Speaker 1: will check in with Bloomberg Government reporter Emily Wilkins from Washington.

583
00:31:18,040 --> 00:31:24,680
Speaker 1: This is Bloomberg Bloomberg eleven three oh weather increasing clouds

584
00:31:24,720 --> 00:31:27,760
Speaker 1: mid forties today, a high in your fifty under clearing skies.

585
00:31:27,800 --> 00:31:30,480
Speaker 1: Tomorrow will be mostly sunny by Thursday, but chillier with

586
00:31:30,560 --> 00:31:33,160
Speaker 1: a high only near forty right now thirty three in

587
00:31:33,240 --> 00:31:40,080
Speaker 1: Central Park Markets. Headlines and breaking news twenty four hours

588
00:31:40,120 --> 00:31:43,120
Speaker 1: a day at Bloomberg dot com, the Bloomberg Business at

589
00:31:43,240 --> 00:31:52,920
Speaker 1: and at Bloomberg Quick takes a Bloomberg Business lash and

590
00:31:53,000 --> 00:31:57,120
Speaker 1: I'm Farren. Moscow futures are falling and Target shares are

591
00:31:57,320 --> 00:31:59,320
Speaker 1: jumping after it reported her names. We get to the

592
00:31:59,360 --> 00:32:01,600
Speaker 1: first word break game news, dask for today's morning call.

593
00:32:01,880 --> 00:32:04,760
Speaker 1: Here's Bell Malone, a bill, good morning, and good morning, Karen.

594
00:32:04,800 --> 00:32:07,200
Speaker 1: That's right. US features are under pressure, with DOWN futures

595
00:32:07,240 --> 00:32:09,800
Speaker 1: down two thirty points, as if you dropped thirty two well.

596
00:32:09,920 --> 00:32:13,160
Speaker 1: Nasdak futures are off by a hundred and fourteen. The

597
00:32:13,320 --> 00:32:16,360
Speaker 1: US ten year old plunges to one point seven four percent,

598
00:32:16,480 --> 00:32:19,680
Speaker 1: Gold is up twelve, oil is surging, and bigcoin is

599
00:32:19,760 --> 00:32:22,720
Speaker 1: up by four point seven percent. Japan rose one point

600
00:32:22,760 --> 00:32:25,840
Speaker 1: two percent overnight, while up markets are also under pressure,

601
00:32:25,880 --> 00:32:28,440
Speaker 1: led by two percent two point eight percent losses in

602
00:32:28,600 --> 00:32:31,080
Speaker 1: France and back in the US. On the economic front,

603
00:32:31,080 --> 00:32:34,280
Speaker 1: A Manufacturing p M I and at ten o'clock I

604
00:32:34,440 --> 00:32:37,600
Speaker 1: s M Manufacturing. After the Bellas night, Lucid cut its

605
00:32:37,640 --> 00:32:41,320
Speaker 1: output goal HP eight, raised its full year EAT earnings outlook,

606
00:32:41,400 --> 00:32:45,920
Speaker 1: and Zoom projected sales that missed estimates. Regarding earnings this morning,

607
00:32:46,000 --> 00:32:48,920
Speaker 1: you mentioned target EPs did eat estimates. Shares her up

608
00:32:49,000 --> 00:32:51,720
Speaker 1: thirteen percent in the pre market and look for coals

609
00:32:51,760 --> 00:32:54,560
Speaker 1: through report also in the pre market. Wrapping things up,

610
00:32:54,600 --> 00:32:57,440
Speaker 1: foot lock always cut to neutral over at Goldman Sacks

611
00:32:58,040 --> 00:33:00,360
Speaker 1: live on the first breaking news des Comb But Maloney,

612
00:33:00,440 --> 00:33:02,800
Speaker 1: Karen Ray, Phil, thank you and your life breaking news

613
00:33:02,880 --> 00:33:05,440
Speaker 1: over here. Bloomberg t have squawk on your terminal, scue

614
00:33:05,480 --> 00:33:08,120
Speaker 1: you a WK that's a Bloomberg business flash. Now here's

615
00:33:08,160 --> 00:33:11,960
Speaker 1: Michael Barr with more on what's going on around the world. Blackael, Karen,

616
00:33:12,000 --> 00:33:15,000
Speaker 1: thank you very much. Regional Ukraine officials says more than

617
00:33:15,240 --> 00:33:19,560
Speaker 1: seventy Ukrainian soldiers were killed after Russian artillery hit a

618
00:33:19,600 --> 00:33:23,560
Speaker 1: military base between kr Kiev and Kiev. The report could

619
00:33:23,640 --> 00:33:27,480
Speaker 1: not immediately be confirmed. President Biden delivers his first State

620
00:33:27,560 --> 00:33:29,920
Speaker 1: of the Union speech toninth the president is dealing with

621
00:33:30,000 --> 00:33:33,960
Speaker 1: lower approval ratings and installed legislative agenda on top of

622
00:33:33,960 --> 00:33:37,560
Speaker 1: the Russian invasion. Bloomberg will carry Tonight's address starting at

623
00:33:37,600 --> 00:33:40,840
Speaker 1: eight thirty pm Eastern Time. In the NBA, the Nats

624
00:33:40,960 --> 00:33:43,200
Speaker 1: lost in the NHL, the Devil's and Bruins won. The

625
00:33:43,280 --> 00:33:46,400
Speaker 1: Capital's lost. Global news twenty four hours a day on

626
00:33:46,560 --> 00:33:49,560
Speaker 1: air and on Bloomberg Quick Take, powered by more than

627
00:33:49,640 --> 00:33:52,240
Speaker 1: twenty seven under journalist and analysts more than a hundred

628
00:33:52,280 --> 00:33:56,480
Speaker 1: twenty countries. Michael Barron, this is Bloomberg. Karen, alright, Michael,

629
00:33:56,560 --> 00:33:59,160
Speaker 1: thank you. It is sixty nine on Wall Street. We

630
00:33:59,200 --> 00:34:01,840
Speaker 1: turned to news in science and technology now. But the

631
00:34:01,880 --> 00:34:04,920
Speaker 1: Bloomberg n j I T STEM Report. It is brought

632
00:34:04,960 --> 00:34:07,400
Speaker 1: to you by New Jersey Institute of Technology and j

633
00:34:07,560 --> 00:34:10,880
Speaker 1: I T makes infrastructure ready graduates from civil engineers to

634
00:34:10,960 --> 00:34:14,840
Speaker 1: transportations specialists. If it's infrastructure, and j I T grads

635
00:34:14,880 --> 00:34:17,040
Speaker 1: are building it. More at n j I T DOT

636
00:34:17,120 --> 00:34:20,600
Speaker 1: E d U. And here's just making news and science, technology, engineering,

637
00:34:20,719 --> 00:34:24,279
Speaker 1: and math. Omicron is fading away, and so are Americans.

638
00:34:24,360 --> 00:34:27,400
Speaker 1: Worries about COVID nineteen, according to a poll from the

639
00:34:27,440 --> 00:34:32,000
Speaker 1: Associated Press say they are quote extremely or very worried

640
00:34:32,040 --> 00:34:35,480
Speaker 1: about themselves or a family member contracting COVID. That's down

641
00:34:35,520 --> 00:34:38,520
Speaker 1: from thirty six percent in both December and January. Another

642
00:34:38,600 --> 00:34:41,840
Speaker 1: thirty four percent say they are somewhat worried. A survey

643
00:34:41,880 --> 00:34:45,000
Speaker 1: has found drivers for Singapore's food delivery and right hailing

644
00:34:45,040 --> 00:34:49,120
Speaker 1: companies are often working almost sixty hours a week. Singapore,

645
00:34:49,200 --> 00:34:52,560
Speaker 1: along with governments around the world, is considering legislative changes

646
00:34:52,640 --> 00:34:55,840
Speaker 1: to protect gig economy workers. Right hailing and food delivery

647
00:34:55,920 --> 00:35:00,640
Speaker 1: companies have flourished during the pandemic, but also exacerbated social inequities,

648
00:35:01,280 --> 00:35:04,120
Speaker 1: and a Wall Street darling during the pandemic is projecting

649
00:35:04,239 --> 00:35:08,319
Speaker 1: sales for the current quarter below analysts estimates. Zoom has

650
00:35:08,360 --> 00:35:11,840
Speaker 1: struggled to maintain the massive growth it experienced during the pandemic,

651
00:35:12,080 --> 00:35:15,040
Speaker 1: when it's video conferencing platform served as a critical tool

652
00:35:15,120 --> 00:35:18,600
Speaker 1: for businesses. Zoom stock has dropped more than seventy from

653
00:35:18,640 --> 00:35:22,200
Speaker 1: US October high. And that's the Bloomberg and j A. T.

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Speaker 1: Stamp report. Nathan Okay Karen thank you were live from

655
00:35:25,320 --> 00:35:28,200
Speaker 1: the Bloomberg Interactive Brokers studios where it's six fifty on

656
00:35:28,239 --> 00:35:30,320
Speaker 1: Wall Street time now to check what's going on in

657
00:35:30,440 --> 00:35:32,640
Speaker 1: d C. Some of the top stories in our nation's

658
00:35:32,719 --> 00:35:36,160
Speaker 1: capital include the Pentagon seeking a deconfliction mechanism with Russia

659
00:35:36,239 --> 00:35:40,040
Speaker 1: as the fighting ramps up in Ukraine, Senator Joe Mansion

660
00:35:40,200 --> 00:35:43,880
Speaker 1: urging President Biden to step up domestic energy production, and

661
00:35:43,960 --> 00:35:47,279
Speaker 1: the U S booting a dozen Russian diplomats at the

662
00:35:47,360 --> 00:35:50,520
Speaker 1: United Nations. All this as President Biden prepares for a

663
00:35:50,640 --> 00:35:54,600
Speaker 1: State of the Union address tonight, confronting economic doubts along

664
00:35:54,680 --> 00:35:58,000
Speaker 1: with the war in Ukraine. Bloomberg Government reporter Emily Wilkins

665
00:35:58,239 --> 00:36:01,320
Speaker 1: joins US Live from the nation's capital ahead of what

666
00:36:01,480 --> 00:36:05,320
Speaker 1: will be another one of those sees the moment events

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00:36:05,760 --> 00:36:08,480
Speaker 1: in Washington. Emily, good morning, that it seems like the

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00:36:08,520 --> 00:36:12,640
Speaker 1: stakes really couldn't be much higher for President Biden tonight. No,

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00:36:13,840 --> 00:36:16,960
Speaker 1: I mean, you look at President Biden's approval ratings. Uh

670
00:36:17,160 --> 00:36:20,560
Speaker 1: an average from five thirty eight finds that numerous polls

671
00:36:20,719 --> 00:36:25,200
Speaker 1: have the president only at approval that's very low for

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00:36:25,360 --> 00:36:28,840
Speaker 1: his presidency, very low for really any president at this point,

673
00:36:29,480 --> 00:36:31,120
Speaker 1: and the state of the evening. You know, it's not

674
00:36:31,280 --> 00:36:33,440
Speaker 1: going to be an immediate care all, but it is

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00:36:33,520 --> 00:36:35,960
Speaker 1: a chance for the Biden administration to try and take

676
00:36:36,000 --> 00:36:39,080
Speaker 1: back some control of the narrative. The speech was initially

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00:36:39,120 --> 00:36:43,520
Speaker 1: supposed to be about addressing the economy, about addressing inflation,

678
00:36:43,920 --> 00:36:46,400
Speaker 1: and that's still going to be a part of the speech, Nathan,

679
00:36:46,680 --> 00:36:48,719
Speaker 1: it has to be. But of course a lot of

680
00:36:48,800 --> 00:36:52,080
Speaker 1: rewriting has been done in light of the Ukrainian and

681
00:36:52,440 --> 00:36:56,040
Speaker 1: Russian crisis, and one thing that President Biden really needs

682
00:36:56,080 --> 00:36:59,040
Speaker 1: to do tonight is to defend what the US has

683
00:36:59,160 --> 00:37:02,480
Speaker 1: done to defend and his own administration's actions on this.

684
00:37:02,880 --> 00:37:06,479
Speaker 1: We heard yesterday from White House Press Secretary Jensaki saying

685
00:37:06,520 --> 00:37:09,279
Speaker 1: that you know, Biden had helped lead US a number

686
00:37:09,320 --> 00:37:13,000
Speaker 1: of European coalitions in moving together on this, that they're

687
00:37:13,040 --> 00:37:15,719
Speaker 1: back as far as the leader of promoting democracy in

688
00:37:15,800 --> 00:37:18,839
Speaker 1: the world. But we've seen polling that shows that Americans

689
00:37:18,920 --> 00:37:21,640
Speaker 1: don't think that Biden has done enough yet in terms

690
00:37:21,719 --> 00:37:24,400
Speaker 1: of sanctions, that he hasn't been as aggressive as he

691
00:37:24,520 --> 00:37:26,960
Speaker 1: needs to be, and so it will be interesting to

692
00:37:27,040 --> 00:37:30,120
Speaker 1: see what tone he takes tonight in terms of supporting

693
00:37:30,520 --> 00:37:33,720
Speaker 1: Ukrainian citizens, as well as what the U s stands

694
00:37:33,800 --> 00:37:37,240
Speaker 1: on Russia will be going forward. It's really quite a challenge,

695
00:37:37,320 --> 00:37:40,320
Speaker 1: isn't it. When President Biden knew that he needs to

696
00:37:40,560 --> 00:37:44,360
Speaker 1: reframe the message on a domestic front, and now it

697
00:37:44,480 --> 00:37:48,080
Speaker 1: seems as though the message is being reframed for him

698
00:37:48,160 --> 00:37:52,759
Speaker 1: with events happening on the other side of the world here.

699
00:37:52,800 --> 00:37:55,640
Speaker 1: I mean, what's the challenge for President Biden as he

700
00:37:56,560 --> 00:37:58,680
Speaker 1: tries to show that he does have control of what's

701
00:37:58,680 --> 00:38:00,920
Speaker 1: happening in the world. I think, but part of the

702
00:38:01,040 --> 00:38:04,680
Speaker 1: challenge is that, you know, there's certain rocks, you know,

703
00:38:04,760 --> 00:38:06,920
Speaker 1: hard thing in a rock place that he's stuck in between.

704
00:38:07,480 --> 00:38:10,120
Speaker 1: US wants to go ahead and be aggressive here. You

705
00:38:10,160 --> 00:38:13,000
Speaker 1: see a lot of US support for Ukrainian citizens, but

706
00:38:13,120 --> 00:38:15,480
Speaker 1: Biden has made it very clear at this point why

707
00:38:15,560 --> 00:38:18,719
Speaker 1: you're not seeing more sanctions on Russia's energy industry, why

708
00:38:18,800 --> 00:38:22,200
Speaker 1: you're not seeing US troops going into Ukraine. UM. To

709
00:38:22,320 --> 00:38:26,200
Speaker 1: another extent, lawmakers Democrats who I spoke with yesterday, they

710
00:38:26,239 --> 00:38:28,840
Speaker 1: were very clear that they do want Biden to address

711
00:38:28,920 --> 00:38:32,720
Speaker 1: these economic and domestic issues. They want him to continue

712
00:38:32,760 --> 00:38:35,200
Speaker 1: to push forward parts of the bill Back Better Plan

713
00:38:35,320 --> 00:38:38,080
Speaker 1: that they think can pass, things like lowering drug prices

714
00:38:38,160 --> 00:38:41,840
Speaker 1: and climate change, elder care, childcare, um. There's still a

715
00:38:41,840 --> 00:38:44,960
Speaker 1: lot of support and momentum for those those policies. Even

716
00:38:45,120 --> 00:38:47,719
Speaker 1: as the timeline to pass them grows more narrow. And

717
00:38:47,800 --> 00:38:50,120
Speaker 1: so Biden just has a lot to do with the speech.

718
00:38:50,160 --> 00:38:52,759
Speaker 1: He has to empathize with Americans, he has to say

719
00:38:52,760 --> 00:38:55,000
Speaker 1: what he's doing for inflation, he has to address the

720
00:38:55,040 --> 00:38:57,239
Speaker 1: supply chain, he has to address the economy, has to

721
00:38:57,280 --> 00:38:59,960
Speaker 1: address Russian Ukraine. Um. I mean, the White House is

722
00:39:00,000 --> 00:39:02,400
Speaker 1: that they don't want to make this speech a long one.

723
00:39:02,520 --> 00:39:04,399
Speaker 1: But but there's a lot that he has to has

724
00:39:04,440 --> 00:39:07,399
Speaker 1: to hit on here and in a very certain way

725
00:39:07,920 --> 00:39:10,320
Speaker 1: to make sure that his message comes across as the

726
00:39:10,320 --> 00:39:12,960
Speaker 1: administration wants it to. Yeah, you sort of allude to

727
00:39:13,160 --> 00:39:15,960
Speaker 1: the idea of a State of the Union address typically

728
00:39:16,160 --> 00:39:19,440
Speaker 1: as sort of a laundry list of asks that the

729
00:39:19,520 --> 00:39:23,920
Speaker 1: president typically looks for from Congress to sort of frame

730
00:39:24,000 --> 00:39:27,040
Speaker 1: the agenda. But it's very interesting because President Biden, in

731
00:39:27,040 --> 00:39:29,719
Speaker 1: a lot of ways in this first year of his presidency,

732
00:39:30,080 --> 00:39:33,640
Speaker 1: it's been about legislative asks. As there's been so much

733
00:39:33,760 --> 00:39:37,680
Speaker 1: focus on the build Back Better agenda. What what's the

734
00:39:37,800 --> 00:39:41,920
Speaker 1: difficulty to try to bring back momentum to a domestic

735
00:39:42,080 --> 00:39:45,600
Speaker 1: agenda when there's so much going on geopolitically, I think,

736
00:39:45,640 --> 00:39:47,640
Speaker 1: to a certain extent, you know, Biden is going to

737
00:39:47,760 --> 00:39:50,360
Speaker 1: touch on what you would like to see done, because

738
00:39:50,440 --> 00:39:52,520
Speaker 1: that is a key part of the State of the Union.

739
00:39:52,840 --> 00:39:55,399
Speaker 1: But it's really not going to be the focal point

740
00:39:55,520 --> 00:39:58,080
Speaker 1: as it has been for say, previous State of the Unions.

741
00:39:58,520 --> 00:40:00,719
Speaker 1: To a certain extent, Biden has to sell what is

742
00:40:00,840 --> 00:40:04,280
Speaker 1: what Democrats have already done, sell infrastructure, sell COVID relief.

743
00:40:04,560 --> 00:40:07,320
Speaker 1: I was speaking last night with Angie Craig, a Democrat

744
00:40:07,360 --> 00:40:10,160
Speaker 1: from Minnesota who's going to be facing a very tough reelection,

745
00:40:10,520 --> 00:40:13,240
Speaker 1: and she says she needs President Biden to really signal

746
00:40:13,320 --> 00:40:15,719
Speaker 1: to Americans that they've given them the tools they need

747
00:40:15,800 --> 00:40:18,080
Speaker 1: to go back to normal, that now is not a

748
00:40:18,200 --> 00:40:22,040
Speaker 1: time for aspiration. It's a time for getting Americans really

749
00:40:22,080 --> 00:40:25,040
Speaker 1: past the pandemic and and into that next stage. Only

750
00:40:25,080 --> 00:40:27,520
Speaker 1: about thirty seconds left here. But are we expecting the

751
00:40:27,640 --> 00:40:31,680
Speaker 1: usual guests in the gallery, the pointing up there and

752
00:40:31,880 --> 00:40:38,120
Speaker 1: using normal Americans as sort of symbols of go ahead, No,

753
00:40:38,400 --> 00:40:42,440
Speaker 1: no guests, no guests. Vaccines are required. We did lawmakers

754
00:40:42,520 --> 00:40:44,200
Speaker 1: do not have to wear masks, so we'll be kind

755
00:40:44,239 --> 00:40:47,080
Speaker 1: of interesting to pan around the room. All lawmakers were

756
00:40:47,120 --> 00:40:49,279
Speaker 1: invited to attend this year. We know that not all

757
00:40:49,360 --> 00:40:52,279
Speaker 1: of them will accept that invitation, but it will be

758
00:40:52,560 --> 00:40:55,640
Speaker 1: interesting to see who shows up, whose social distances, who's

759
00:40:55,640 --> 00:40:59,080
Speaker 1: wearing a mask. But it's still still stated union is

760
00:40:59,080 --> 00:41:02,120
Speaker 1: still not backed to what we were used to pre pandemic.

761
00:41:02,360 --> 00:41:05,160
Speaker 1: Bloomberg Government reporter Emily Wilkins part of our team of

762
00:41:05,200 --> 00:41:07,800
Speaker 1: reporters that will be part of the coverage of President

763
00:41:07,840 --> 00:41:10,279
Speaker 1: Biden's first Date of the Union address. Catch it all

764
00:41:10,320 --> 00:41:13,120
Speaker 1: tonight at eight thirty Wall Street Time on Bloomberg Radio

765
00:41:13,239 --> 00:41:16,480
Speaker 1: and Television. Karen alright, Dathan, it is six fifty six

766
00:41:16,560 --> 00:41:19,479
Speaker 1: on Wall Street and this is Bloomberg Daybreak. And March

767
00:41:19,719 --> 00:41:22,000
Speaker 1: is Women's History Month, and every day of this month

768
00:41:22,239 --> 00:41:25,040
Speaker 1: we are celebrating significant moments in women's history. And now

769
00:41:25,120 --> 00:41:28,000
Speaker 1: with your installment for March. First, here's Bloomberg's rened a

770
00:41:28,040 --> 00:41:31,520
Speaker 1: young on this day in Women's History. In nineteen twelve,

771
00:41:31,719 --> 00:41:36,160
Speaker 1: Isabella Goodwin is appointed the first female US detective. She

772
00:41:36,280 --> 00:41:38,719
Speaker 1: started in the New York City Police Department as a

773
00:41:38,760 --> 00:41:43,279
Speaker 1: police matron, overseeing female inmates and cleaning jail sales. But

774
00:41:43,360 --> 00:41:47,040
Speaker 1: a bank heist made national headlines and the police department

775
00:41:47,200 --> 00:41:50,439
Speaker 1: asked Goodwin to step in. She posed as a maid

776
00:41:50,520 --> 00:41:54,680
Speaker 1: and infiltrated a CD boarding house. The information Goodwin found

777
00:41:54,719 --> 00:41:57,520
Speaker 1: out led to the arrest of a gangster named Eddie

778
00:41:57,600 --> 00:42:01,600
Speaker 1: the boob Kinsman. The department rewarded Goodwin with the first

779
00:42:01,760 --> 00:42:05,319
Speaker 1: grade detective Shield. If our story sounds familiar, you might

780
00:42:05,400 --> 00:42:08,280
Speaker 1: have seen it on TV. In the recent TV series

781
00:42:08,360 --> 00:42:12,040
Speaker 1: The Alienist, based on Caleb Carr's novel of the same name,

782
00:42:12,440 --> 00:42:17,040
Speaker 1: Dakota Fanning plays Sarah Howard, who's based on Isabella Goodwin.

783
00:42:17,680 --> 00:42:21,680
Speaker 1: That's today in women's history. I'm rened a young Bloomberg Radio.

784
00:42:22,040 --> 00:42:24,440
Speaker 1: All right, ray to thank you, and again Future is following.

785
00:42:24,480 --> 00:42:27,040
Speaker 1: This morning SMP Future is down thirty nine points and

786
00:42:27,080 --> 00:42:29,920
Speaker 1: down Future is down two hundred seventy one NASDAG Futures

787
00:42:29,960 --> 00:42:33,120
Speaker 1: down one thirty five and they continue to watch shares

788
00:42:33,239 --> 00:42:36,240
Speaker 1: of target. This morning they are jumping in early training

789
00:42:36,600 --> 00:42:40,680
Speaker 1: of about fifteen percent after reporting earnings, and Bloomberg surveillance

790
00:42:41,239 --> 00:42:45,200
Speaker 1: is straight ahead. For Nathan Hagar, I'm Karen Moscow and

791
00:42:45,440 --> 00:42:46,640
Speaker 1: this is Bloomberg