Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: day Break for Friday, February. Coming up, the shower stocks
Speaker 1: get a lift on news of plant talks between the
Speaker 1: US and Russia. Facebook drops out of the top ten
Speaker 1: most valuable companies. Jim Bullard says the Fed may need
Speaker 1: to raise rates above two percent, and the White House
Speaker 1: warns it may be running out of money to fight COVID.
Speaker 1: Former President Trump ordered to testify in the New York
Speaker 1: Attorney General's probe of his business practices, and former Governor
Speaker 1: Cuomo sued for alleged sex harassment. I'm John Tucker. Those
Speaker 1: stories straight ahead, I'm John Stashower and sports. Another shootout
Speaker 1: at the Garden this time the Rangers lost in Detroit,
Speaker 1: the Islanders beat the Ruins, the Nets lost to Washington.
Speaker 1: That's all straight ahead on Bloomberg day Break on Bloomberg
Speaker 1: Element Trio, New York, Bloomberg one, Washington, d C, Bloomberg
Speaker 1: one on six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: Sirius x M one nineteen and around the world Old
Speaker 1: on Bloomberg Radio dot Com and via The Bloomberg Business.
Speaker 1: Good Morning, I'm Nathan Hagar and I'm kmeron Moscow. US
Speaker 1: future is higher to end the week. We're coming up
Speaker 1: to six oh one on Moll Street, and we check
Speaker 1: the markets every fifteen minutes throughout the trading day. On
Speaker 1: Bloomberg S and P futures up twenty one points down,
Speaker 1: futures up one d ten, NAS Deck futures up ninety seven.
Speaker 1: The decks in Germany is down a tenth of a
Speaker 1: percent ten. Your treasury down one thirty second. He had
Speaker 1: one point nine six percent yield on the two year,
Speaker 1: one point eight percent. Nimex screwed oil is down two
Speaker 1: point six percent, down two dollars forty two cents at
Speaker 1: eighty nine dollars, thirty four cents of barrel. Comex gold
Speaker 1: is down six tents percent or eleven dollars ten cents
Speaker 1: at eight ounce. The euro one point one three zero
Speaker 1: against the dollar. Nathan, Well, Karen, we are seeing futures
Speaker 1: get a lift after yesterday's sell off. There's optimism on
Speaker 1: where the US is extending a hand to Russia with
Speaker 1: a high stakes meeting. Bloomberg said. Baxter has the story,
Speaker 1: so it looks as if there will be a meeting
Speaker 1: late next week as the US accepts the date as well,
Speaker 1: But the fact remains that are over one hundred fifty
Speaker 1: thousand Russian troops at the border, and Blincoln says the
Speaker 1: real issue the States go far beyond you, cra This
Speaker 1: is a moment of peril for the lives and safety
Speaker 1: of millions of people, as well as for the foundation
Speaker 1: of the United Nations Charter and the rules based international order.
Speaker 1: And President Biden says he will call Transatlantic leaders later
Speaker 1: today in San Francisco. I'm at Baxter Bloomberg Daybreak and
Speaker 1: thank you Geo political tensions help you la sell off
Speaker 1: on Wall Street yesterday about eighty five company's in the
Speaker 1: s and P five hundred fell well. The tech heavy
Speaker 1: NASDAC tumbled three percent. It's a difficult time for investors.
Speaker 1: According to Eaton Vance, portfolio manager at Yaina Barton, there
Speaker 1: are lots of questions with very hugeful proof answers, a
Speaker 1: lot of uncertainty, which obviously investors don't like. But you
Speaker 1: name it, uh and visibility is marking with it. It's policy, geopolitics,
Speaker 1: growth inflation to worry about. But Jana Barton at Eton
Speaker 1: Vance says she still remains bullish on equities. Well. Perhaps
Speaker 1: some of the hardest hit stocks the past few months
Speaker 1: here and has been Meta Platforms, the parent of Facebook,
Speaker 1: has now tumbled out of the world's ten largest companies
Speaker 1: by market value. It's been hammered by its worst monthly
Speaker 1: decline ever. We get more from Bloomberg's Charlie Pellet. Once
Speaker 1: the world's sixth largest company with a valuation and excess
Speaker 1: of one trillion dollars, the Facebook parent closed the last
Speaker 1: session with a value of five hundred sixty five billion dollars,
Speaker 1: placing it in eleventh place behind ten Cent Holdings. According
Speaker 1: to data compile by Bloomberg, Metal Platforms, which changed its
Speaker 1: name from Facebook last year, has seen more than five
Speaker 1: hundred billion dollars in market value destroyed from a September
Speaker 1: peak in New York. Charlie Pellet Bloomberg daybreak. All right, Charlie,
Speaker 1: thank you, and let's get you up to date on
Speaker 1: some other stocks moving this morning. On Earning shares a
Speaker 1: Roku or down twenty in early trading. The streaming video
Speaker 1: form reported revenue and a sales outlook that fails short
Speaker 1: of estimates. Red Fin shares are down more than also,
Speaker 1: the real estate technology company forecast a first quarter loss
Speaker 1: that was worse than analysts we're looking for, and shares
Speaker 1: of shak a Shack are down twelve percent. The Hamburger
Speaker 1: Chains first quarter revenue miss forecast. So the volatility and
Speaker 1: the market like this, where's the best place to put
Speaker 1: your money? Some say overseas? Let's get the details live
Speaker 1: from overseas, Bloombergs Max Ramsey's with us in our London bureau.
Speaker 1: Good morning, Max, morning, Nathan and Karen. Yes, we're seeing
Speaker 1: optimistic views from strategists on Europe, and of course this
Speaker 1: positioning is particularly interesting because we've seen such volatility across
Speaker 1: European assets this month. We've had this hawk Is pivot
Speaker 1: from the ECB, the repricing in the bond markets, and
Speaker 1: of course the ongoing tensions over Ukraine. But in Bloomberg's
Speaker 1: February poll of seventeen strategists from both by and south Side,
Speaker 1: only two lower day year end targets for the stock
Speaker 1: six D. Right now we trade around full six five
Speaker 1: points on the stock six D. The average price target
Speaker 1: is five A seven. Say they do see around an
Speaker 1: eight percent, just eight percent upside Live in London, Max Ramsey,
Speaker 1: bree back daybreak Max, thank you. The prospect of higher
Speaker 1: interest rates has also been a major contributor to the
Speaker 1: recent markets sell off, and St. Louis FED President Jim
Speaker 1: Bullard said the Federal Reserve may need to raise rates
Speaker 1: above two percent decurb prices. If you wanted to put
Speaker 1: downward pressure inflation, you'd actually have to get to neutral
Speaker 1: and go beyond neutral, And I think that's a major
Speaker 1: concern of mine. We're not really in a position to
Speaker 1: do that right now, but we have to get in
Speaker 1: a position to do that at some point in case
Speaker 1: inflation doesn't moderate, Say Louis FED President Jim Bullard made
Speaker 1: the comments in an event hosted by Columbia University and
Speaker 1: s J S G H Macro Advisors. Cleveland FED President
Speaker 1: Lauretta Master also supports tightening policy at a faster pace
Speaker 1: to find inflation. She says she supports a rate hike
Speaker 1: next month and expects inflation to remain above two percent
Speaker 1: both this year and next well. Coming up on the
Speaker 1: economic front, Nathan we get data on the housing market today.
Speaker 1: Economists predict existing home sales probably dropped in January for
Speaker 1: the second month in a row. Bloomberg's Viney deal Judai
Speaker 1: says more the prior reports at existing home sales dropped
Speaker 1: in December for the first time since August. The outlook
Speaker 1: could be described as tenuous. Inventories remain below and mortgage
Speaker 1: rates are creeping higher back to pre pandemic levels. Prices
Speaker 1: very high prices are also having an impact. I mean January,
Speaker 1: the COVID nineteen armorcrant variant cast the pale on Daily
Speaker 1: Life que Judas Bloomberg day Break, Whitehouse is worn in
Speaker 1: COVID cash is drying up. It's telling Congress the US
Speaker 1: doesn't have enough money on hand to deal with future
Speaker 1: coronavirus variants and needs more funds to stockpile vaccines and
Speaker 1: develop new strategies. The Department of Health and Human Services
Speaker 1: is asking for thirty billion dollars to prepare for the
Speaker 1: next waves of the virus. Meantime, Nathan, the i r
Speaker 1: S is adding a second so called search team who
Speaker 1: expand its capacity to process US tax returns. That comes
Speaker 1: after criticism from members of Congress who say taxpayers are
Speaker 1: waiting for months to get their refunds. The i r
Speaker 1: S will also outsource some functions to help finalize returns
Speaker 1: more quickly and straight ahead, your latest local headlines, plus
Speaker 1: the check of sports. This is Bloomberg. It sounds six,
Speaker 1: so seven on Wall Street. Let's bring in John Tucker
Speaker 1: for a look at what's going on in New York
Speaker 1: and around the world. John Nathan, Good morning. Former President
Speaker 1: Donald Trump has been ordered to testify in the investigation
Speaker 1: being conducted by the New York Attorney General. The story
Speaker 1: this morning from Bloomberg's Jeff Bellinger. A New York charge
Speaker 1: rejected a request by Trump, Donald Trump Junior, and Ivanka
Speaker 1: Trump that he blocked Attorney General Letitia James subpoenas for
Speaker 1: their depositions. He ordered the three to appear for depositions
Speaker 1: within twenty one days, and a contentious hearing, Lawyers for
Speaker 1: the Trump's accused James of improperly trying to gather criminal
Speaker 1: evidence under the guys of conducting a civil investigation that
Speaker 1: would typically culminate in a lawsuit rather than an indictment,
Speaker 1: but the judge said their argument completely misses the mark.
Speaker 1: Trump said in a statement, I can't get a fair
Speaker 1: hearing in New York because of the hatred of me
Speaker 1: by judges and the judiciary. Jeff Mullinger Cloomberg name break.
Speaker 1: Former Governor Cuomo was sued over sensual harassment by a
Speaker 1: state trooper who was part of his protective detail. Cuomo
Speaker 1: was forced to resign last year after the state Attorney
Speaker 1: general issued a lengthy report alleging several instances of harassment
Speaker 1: of state workers by Cuomo. New York governor County Hogo
Speaker 1: accepting the state Democratic Party's nomination as their candidate in
Speaker 1: the governor's race. The decision marked a rapid rise for
Speaker 1: the sixty three old Buffalo native, who was a relative
Speaker 1: unknown when she took office in August, following former Governor
Speaker 1: Andrew Cuomo's resignation over sex harassment allegations. New York City
Speaker 1: firefighters dying from what's being described as a sudden medical
Speaker 1: episode at his firehouse a day after battling a house
Speaker 1: fire in Queens. Mayor Eric Adams the entire city mourns
Speaker 1: for the loss of this firefighter, young man that dreamed
Speaker 1: to be a firefighter all his life. Thirty three old
Speaker 1: Jesse Gerhardt worked at Latter Company one thirty four in
Speaker 1: far Rockaway House. Republican leader Kevin McCarthy has taken the
Speaker 1: unusual step of endorsing the primary opponent of incumbent Republican
Speaker 1: representative Liz Cheney. It's in dedication of the death of
Speaker 1: the splitting in the party over former President Donald Trump.
Speaker 1: McCarthy joined Trump and backing attorney Harriet Hagman in Wyoming's
Speaker 1: August Republican primary against Cheney. Cheney has criticized Trump over
Speaker 1: his role in stoking the mob that stormed the US
Speaker 1: capital last year. Global News twenty four hours a day
Speaker 1: on air. Anna blueber quicktike, We're powered by more than
Speaker 1: twenty seven hundred journalists and analysts in more than one
Speaker 1: hundred twenty countries. I'm John Tucker. This is Bloomberg and
Speaker 1: that brings us to six o nine on Wall Street,
Speaker 1: this time for the Bloomberg Sports Update. Good Morning John
Speaker 1: Stown Show Right in Morning John Nowther shootout at the Garden,
Speaker 1: like the one on Tuesday, not decided with the normal
Speaker 1: three rounds, pick nine rounds for the Rangers to beat Boston.
Speaker 1: The one with Detroit decided in round number six. Pet
Speaker 1: brings it up across the line. On Christ moves in.
Speaker 1: He shoots end up Pets save by Thomas Chris, and
Speaker 1: the rud Wings win this one in a shootout. Chris
Speaker 1: with the big save on Heatle and the final score.
Speaker 1: Tonight in New York the Red Weeks three and the
Speaker 1: New York Rangers too. That's Red Rings Radio with the call.
Speaker 1: Rangers got goals in Yandre Miller and make his advantage
Speaker 1: at who also scored in the shootout, but he's the
Speaker 1: only one who did. Islanders are the three goal third
Speaker 1: period in the three game losing. They beat the Bruins
Speaker 1: ford to one at Barkley's no fourth quarter heroics this
Speaker 1: time for the Nets like they had Wednesday against the
Speaker 1: next Washington beat Brooklyn one seventeen to one oh three.
Speaker 1: The NBA Navigans All Star weekend in Cleveland, and the
Speaker 1: highlight figures to be the introduction Sunday Night of the
Speaker 1: top seventy five players in this the NBA seventy five season.
Speaker 1: The Knicks, represented by the likes of Patrick Ewe and
Speaker 1: Willis Reid, Walt Frazier, Earl Monroe, and the late David
Speaker 1: Devocher College Who's Wagner keeps winning. Now eighteen and three
Speaker 1: after a win over Sacred Hard, Rutgers has won four
Speaker 1: straight all against top twenty five teams and looking to
Speaker 1: make it five Sunday at fifth rank Per new Scarlet
Speaker 1: Knights may not have top scorer Ron Harper Jr. Is
Speaker 1: at a hand injury. Baseball was to start exhibition games
Speaker 1: next weekend. Obviously that's not gonna happen. With the lockout
Speaker 1: now seventy eight days long. MLB says they need an
Speaker 1: agreement by the end of February if they are able
Speaker 1: to start the season on top. John Dash Howard, Bloomberg
Speaker 1: Sports Jump. All right, thanks John, After yesterday's painful sell
Speaker 1: all futures this morning indicate a higher open on Wall Street.
Speaker 1: Now futures up one hundred and twenty three points, right now,
Speaker 1: SMP futures they're up twenty two and the NASA Emini
Speaker 1: futures they are upright now one hundred three points. You're
Speaker 1: listening to Bloomberg Daybreak and day Break being drawn to
Speaker 1: you by Audie. Don't let someone else drive off in
Speaker 1: the Audi model you've always wanted. Visit a try and
Speaker 1: State autie dealer today to get behind the wheel of yours. Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business Outland, at Bloomberg Quick Tape.
Speaker 1: This is a Bloomberg Business lash and I'm parent. Moscow
Speaker 1: stocks are rising as planned talks between Russia and the
Speaker 1: US over Ukraine alleviate some investor gloom about geopolitical risks.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg. Right now, S and P futures are
Speaker 1: up twenty three points down. Futures have a hundred thirty
Speaker 1: five Nowaday futures have one dred five that docks in
Speaker 1: Germany is litill change ten. Your treasury down three thirties seconds.
Speaker 1: You have one boy nine seven percent, they yelled on
Speaker 1: the two year one point four eight percent. Ninemex s
Speaker 1: crude oil is down two and a half percent, down
Speaker 1: two dollars twenty nine cents at eighty nine dollars. Forty
Speaker 1: seven cents of aarrold comes Gold is down seven ten
Speaker 1: percent or thirteen dollars at eighteen eighty nine. Announced the
Speaker 1: euro one point one three five seven against the dollar.
Speaker 1: British found one point three six one five. The ends
Speaker 1: at one fifteen point to chew Bitcoin this morning, moving
Speaker 1: lower at forty thousand, four hundred dollars. We are watching
Speaker 1: earnings this morning. We heard from Deer, the largest maker
Speaker 1: of agricultural machinery raising its fiscal year outlook as booming
Speaker 1: crop earnings continue to boost farmers appetites for new tractors.
Speaker 1: And we're also watching for reports on existing home sales
Speaker 1: at a ten O'clockwell Street time, along with leading indicators.
Speaker 1: That's a Bloomberg business flash. Now here's John Tucker with
Speaker 1: more on what's going on around the world. Jump Good
Speaker 1: Morning Care and President Biden warning the probability of an
Speaker 1: invasion of Ukraine is still very high. The runching Foreign
Speaker 1: Ministers Sergey Landloff, agreed to meet with Secretary State Anthony
Speaker 1: Blinkeln for talks in Europe next week. A judge who
Speaker 1: rule that former President Donald Trump was answered questions under
Speaker 1: oath in New York States civil investigation into his business practices.
Speaker 1: The House Republican leader Kevin McCarthy took the unusual stamp
Speaker 1: of endorsing the primary opponent of incumbent Republican Representative Liz Cheney.
Speaker 1: And a massive cargo ship carrying thousands of new cars
Speaker 1: has caught fire in the middle of the Atlantic Ocean
Speaker 1: sports the Rangers fall to the Red Wings that ended
Speaker 1: in a shootout. The Islanders beat the Bruins and the
Speaker 1: Capital's top the flyers in the NBA, the Wizards, beat
Speaker 1: the Nets. Global news twenty four hours a day on Aeron,
Speaker 1: on Bloomberg, Quicktake, Power bott more than hundred journalists and analysts.
Speaker 1: It more than one and twenty countries. I'm John Tucker
Speaker 1: and this is Bloomberg. Nathan, John. Thank you. We're coming
Speaker 1: up to six twenty on Wall Street Life from the
Speaker 1: Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, and I'm
Speaker 1: Nathan Hagar. All week it has been about the standoff
Speaker 1: with Russia over concerns Moscow could invade Ukraine. The Kremlin
Speaker 1: denies any plans to do so. The latest development is
Speaker 1: a planned meeting between the US and Russia next week
Speaker 1: in hopes of avoiding conflict. Let's get more on the
Speaker 1: situation now from the perspective of Ukraine. Axanda Markarova is
Speaker 1: the ambassador of Ukraine to the United States, and she
Speaker 1: sat down for an interview with Bloomberg's and Marie Hordern
Speaker 1: late yesterday. Let's listen in to that conversation. Now. President
Speaker 1: Putin lately has mentioned the Minsk A Chords a number
Speaker 1: of times. Now Kevin Moscow interpret them very differently. But
Speaker 1: is the Ukrainian government under any pressure behind the scenes
Speaker 1: to getting back to the table when it comes to
Speaker 1: the Men's Accords and implementing them at some level. Well,
Speaker 1: If anything, the Ukrainian government is pushing everyone to work
Speaker 1: strongly together with us in order to find a diplomatic
Speaker 1: pass So President Zelinski numerous times said that he's ready
Speaker 1: for any meetings. He's ready to meet his president putting
Speaker 1: he's ready to meet in any form at And we
Speaker 1: have been asking for all the formats, Normandy and others
Speaker 1: to be as active as possible. Would you be ground
Speaker 1: on MENSK. We also requested that you have to participate more,
Speaker 1: to to participate in any formats, to be more active,
Speaker 1: and we see it alrighty if you if you go
Speaker 1: back to the beginning of last year, there were discussions,
Speaker 1: you know, and we always said that we would want
Speaker 1: an active participation of the United States in any type
Speaker 1: of formats to to resolve the situation and return peace
Speaker 1: to Ukraine. So we're very happy that you ask is
Speaker 1: very active on a on a diplomatic scene as one
Speaker 1: of the leaders of this process. But on the Minska Chords,
Speaker 1: I mean again, regardless of uh what you know, we
Speaker 1: Ukrainians are very flexible in how we can reach the
Speaker 1: peace if it doesn't cross the redlines. So there are
Speaker 1: some strategic things for us. We will never give up
Speaker 1: on our sovereignty, we will never give up on our
Speaker 1: territorial integrity, we will never give up on our EU
Speaker 1: Atlantic aspirations. But how to bring peace and how to
Speaker 1: stop the ceasefire we are ready to discuss because for us,
Speaker 1: again we are prepared to defend our country, but unlike
Speaker 1: Mr putin the value each of our soldiers and each
Speaker 1: of our civilians, so we would like to averd the war.
Speaker 1: Your counterpart in the United Kingdom use that word flexible
Speaker 1: recently in an interview, but he said flexibility when it
Speaker 1: comes to maybe joining NATO or not. Then that was
Speaker 1: walked back. Do you think that potentially could be an
Speaker 1: agreement of Ukraine potentially being more flexible on its ambitions
Speaker 1: to join NATA. No, and our president and our Minister
Speaker 1: of Foreign Affairs have been very clear that our aspirations
Speaker 1: to join NATAL is not only a firm belief of
Speaker 1: our political leaders, it's also what the majority of Ukrainians want,
Speaker 1: and it's also written in our constitution. What do you
Speaker 1: think at this moment could be the diplomatic path that
Speaker 1: could potentially save face for President Puttin on a global
Speaker 1: stage that Ukraine would be willing to accept. Look, I
Speaker 1: cannot speculate what it will take for President Puttin to
Speaker 1: stop the aggression, but we have to be very clear here.
Speaker 1: Ukraine is a peaceful country. We never attacked anyone who
Speaker 1: never attacked Russia. We do not plan any offensives. It's
Speaker 1: Russia who's the aggressor here. It's them who attacked us
Speaker 1: into thousand fra Kin. It's them who amassed troops around
Speaker 1: the Boder, And you know, challenge not only the situation
Speaker 1: in Ukraine. You know, let's call a spade a spade here.
Speaker 1: Russia has created a security crisis in Europe. It's not
Speaker 1: only problem for Ukraine. So you know, whatever it takes.
Speaker 1: I think in Ukraine has shown numerous times that despite
Speaker 1: the fact that it was us who was attacked here,
Speaker 1: we are ready to engage in diplomatic discussions and we
Speaker 1: are ready to find the solution. Now again, having said that,
Speaker 1: without discussing I was sovereignty, our thorough integrity, your red line,
Speaker 1: our Atlantes, and that was Ukraine's ambassador to the United States,
Speaker 1: Oxana Makarova, speaking with Bloomberg's Emrie Hordern about the current
Speaker 1: standoff with Russia. And you can catch more of that
Speaker 1: conversation online at Bloomberg dot com on helps this morning
Speaker 1: for future talks next week between a Secretary of State
Speaker 1: b Lincoln and Russian Foreign Minister Lavrov. Futures are moving higher.
Speaker 1: We have SMP futures up twenty two points, now, DAT
Speaker 1: futures up eight, NASTAC futures on the rise by a
Speaker 1: hundred one points. The tenure treasury is down three thirty seconds,
Speaker 1: the yield one. We'll have much more on geopolitics hitting
Speaker 1: the markets, plus earnings from Roku and a dubious distinction
Speaker 1: for metap platforms as we check the five things you
Speaker 1: need to know to start your day just ahead on
Speaker 1: Bloomberg Daybreak. All right, thanks Nathan. You need to know
Speaker 1: we have a wind advisory a fact through ten o'clock
Speaker 1: this wearing showers ending early clearing the Sanfao windy temperature
Speaker 1: of ball through much of the day today. You're listening
Speaker 1: to Bloomberg day Break, broadcasting live from the Bloomberg Interactive
Speaker 1: Broker Studio in New York, Bloomberg E Living Freedom to Washington,
Speaker 1: d C, Bloomberg one to Boston, Bloomberg one O six
Speaker 1: one does San Francisco, Bloomberg nine sixty to the country,
Speaker 1: Sirius XM to the one ninet and around the globe,
Speaker 1: the Bloomberg Business apt and Bloomberg Radio dot Com. This
Speaker 1: is Bloomberg Daybreak. It's six thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hagger and I'm Karen Moscow. We're just about
Speaker 1: three hours away from the open of US trading. Time
Speaker 1: for the five things you need to notice start your day.
Speaker 1: Brought to you by I v k R Investment Advisers
Speaker 1: switched to interactive brokers for lowest cost global trading and
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Speaker 1: A first. Stocks are rising this morning despite ongoing geopolitical tensions.
Speaker 1: Sentiment is getting a boost from word of plan talks
Speaker 1: between the US and Russia. Russian foreign Minister Sergei Lavrov
Speaker 1: has agreed to meet Secretary of St. Anthony B. Lincoln
Speaker 1: in Europe next week, we caught up with former UN
Speaker 1: Ambassador Thomas Pickering. I have that bad feeling in my
Speaker 1: gut and will have it until a week begin to
Speaker 1: see something that is more than declarations, which begins to
Speaker 1: move us away from confrontation and towards a workout. Former
Speaker 1: UN Ambassador Thomas Pickering spoke at our Washington corresponded Joe
Speaker 1: Matthew on Bloomberg Sound on Catch the program weekdays at
Speaker 1: five pm Eastern on Bloomberg Radio. Well, it's not just
Speaker 1: geopolitical concerns. Care in the prospect of interest rate hikes
Speaker 1: to tame red hot inflation has also contributed to the
Speaker 1: recent sell off. St. Louis FED President Jim Bullard says
Speaker 1: bringing down inflation may require the Central Bank to do more.
Speaker 1: He thinks officials may need to overshoot the neutral target
Speaker 1: interest rate, which he sees at around two percent. Investors
Speaker 1: have also been slamming stocks on earnings misses and Nathan
Speaker 1: In fact, Meta Platforms, the parent of Facebook, is tumbled
Speaker 1: out of the world's ten largest companies by market value
Speaker 1: that has been hammered by its worst monthly decline ever.
Speaker 1: And you want to talk about getting hammered, Karen shares
Speaker 1: of Roku this morning, or down nearly cent in early
Speaker 1: trading thanks to an earnings miss. We get the details
Speaker 1: on that from Bloomberg's Lisa Mateo. The streaming video platform
Speaker 1: company reported fourth quarter revenue and issued a first quarter
Speaker 1: sales forecast that both fell short of analysts estimates. The
Speaker 1: company's chief financial officers said supply chain disruptions were a
Speaker 1: headwind for the company. Roku was one of the stay
Speaker 1: at home winners during the pandemic. It's stocking nearly one
Speaker 1: and fifty percent in twenty as Covid accelerated the shift
Speaker 1: streaming video among consumers. Lisa Matteo, Bloomberg Daybreak, Lisa, thank you,
Speaker 1: And speaking of the pandemic, the White House is warning
Speaker 1: that COVID cash is drying up. It's telling Congress that
Speaker 1: the US does not have enough money on hand to
Speaker 1: deal with future coronavirus variants, to stockpile vaccines, or to
Speaker 1: develop new technologies. The Department of Health and Human Services
Speaker 1: is asking for thirty billion dollars to prepare for new
Speaker 1: waves of the virus. And that's the five things you
Speaker 1: need to notice start your day. Brought to you by
Speaker 1: Interactive Brokers Straight ahead, your latest local headlines, plus a
Speaker 1: check of sports. And this is Bloomberg and it's six
Speaker 1: thirty three on Wall Street. John Tucker is here with
Speaker 1: a look at what's going on in New York and
Speaker 1: around the world. Good morning John, Good morning Nathan. To
Speaker 1: plead the fifth or not? That's the question facing Donald
Speaker 1: Trump after a New York judge ordered the former president
Speaker 1: to testify in a long running States civil investigation into
Speaker 1: his business practices barring a successful appeal. Trumpet face of
Speaker 1: this is between answering Attorney General Leticia James questions or
Speaker 1: invoking his protection against selfiam termination. Trump has often equated
Speaker 1: such silence with evidence of guilt. On a your state
Speaker 1: trooper who testified that former governor and her Cuomo sexually
Speaker 1: harassed her, is now suing him. She says Cuomo a
Speaker 1: top eight and state police violated her civil rights. The
Speaker 1: trooper's name was not disclosed in the lawsuit filed in Manhattan.
Speaker 1: The wealthy Long Island resort of East Hampton delaying the
Speaker 1: plan closing of its airport until my seventeenth. The story
Speaker 1: from Bloomberg's Charlie Pellett. The Federal Aviation Administration warned of
Speaker 1: flaws in the New York town's efforts to reduce noise
Speaker 1: from air traffic. Last month, the town's board voted to
Speaker 1: shut down the airport at the end of February and
Speaker 1: reopen it as a more limited used facility on March fourth.
Speaker 1: East Hampton was looking to cut down on air traffic
Speaker 1: that has grown in recent years as rideshare apps make
Speaker 1: helicopter and plane travel easier, but the FAA warned that
Speaker 1: if the town closed the airfield, it could take as
Speaker 1: many as two years to reopen. In New York. Charlie
Speaker 1: Pellett blue Bird day Break, Hillary Clinton bank in the spotlight,
Speaker 1: tearing into the GOP, mocking Donald Trump during his speech
Speaker 1: at New York's Democratic Convention last night. They'll make it
Speaker 1: harder for people to vote, but easier for big corporations
Speaker 1: to bust unions. They'll let polluters trash our environment and
Speaker 1: let Donald Trump trash our democracy. At the convention, Governor
Speaker 1: Kathy Hoko accepted the state Democratic Party's nomination as their
Speaker 1: candidate in the two governors race. Thousands of New Jersey
Speaker 1: households will soon be getting a notification that their residences
Speaker 1: have led service lines and will be replaced over the
Speaker 1: next decade. This comes under a state law as according
Speaker 1: to the Commissioner of the Department of Environmental Protection. Just
Speaker 1: how quickly the lines will be replaced still isn't clear,
Speaker 1: and a new poll shows climate change he is seen
Speaker 1: as a bigger threat than war by majority of people
Speaker 1: living in some of the world's top economies. The poll
Speaker 1: was commissioned by the Munich Security Conference. It listened concerned
Speaker 1: over global warming, habits at destruction, and extreme weather has
Speaker 1: the top three risks named by twelve thousand people surveyed. Globally.
Speaker 1: Global News twenty four hours a day on air. Annam
Speaker 1: Bloomberg Quicktake. We're powered by more than twenty seven hunter
Speaker 1: journalists and analysts in more than one d twenty countries.
Speaker 1: I'm John Tucker. This he is Bloomberg and that brings
Speaker 1: us to six thirty six Ball Street. And that's time
Speaker 1: for the Bloomberg Sports Sunday. Good morning, what's again the
Speaker 1: John Stasher? All right? Thanks? John? N BA has hit
Speaker 1: the All Star break the game Sunday that in Cleveland.
Speaker 1: Nick fans seemed to love Obie Topp and he'll be
Speaker 1: in tomorrow night Slam Dunk competition. The Nets hit the
Speaker 1: break thirty one and twenty eight. They had a recent
Speaker 1: eleven game losings break and then one a couple of games,
Speaker 1: including the epic comeback against the Knicks last night, a
Speaker 1: COVID makeup the nets third game in four nights, they
Speaker 1: lost at Barkley's to Washington one seventeen to one oh three.
Speaker 1: Coach Steve Nash asked about the rest of the season.
Speaker 1: We're excited, you know. We uh, we have twenty two
Speaker 1: games to kind of come together as a team with
Speaker 1: Kevin returning, Ben returning, um, you know, hopefully we got
Speaker 1: a good run of health where we can really build
Speaker 1: something in a short period of time and get to
Speaker 1: get a you know, a better seed and also more
Speaker 1: cohesion going into the playoffs. Nash reference Kevin durand he's
Speaker 1: been out the past month. Ben Simmons, the new acquisition,
Speaker 1: not known when he'll make his Nets debut. At the Garden,
Speaker 1: Rangers and Red Wings went to a shootout. Rangers tie
Speaker 1: the game and I'm making a band of jet power
Speaker 1: play goal eight minutes left and that he scored on
Speaker 1: the Rangers first shootout of Tampa. The next five Rangers
Speaker 1: failed to score and in six rounds. Detroit won the
Speaker 1: game three to two. The x Islanders, on this price
Speaker 1: made thirty seven saves five more in the shootout. As
Speaker 1: for the Islanders, they beat the Bruins at the Ubs
Speaker 1: Arena four to one. The two sides of the baseball
Speaker 1: lockout met and that meeting lasted all of fifteen minutes
Speaker 1: of things are not going well in trying to get
Speaker 1: a labor deal done. They're scheduled to meet again on Monday.
Speaker 1: At the Olympics, US lost to Canada and the bronze
Speaker 1: medal game for curling. US had won a surprising goal
Speaker 1: four years ago Eileen go Listen San Francisco, but competed
Speaker 1: for China Captain Big Run and freestyle skiing one our
Speaker 1: third medal for second goal. John Statuellar, Bloomberg Sports. John,
Speaker 1: all right, thanks so launch John. It is now six
Speaker 1: thirty seven on Wall Street. This is Bloomberg Daybreak. Let's
Speaker 1: turn our attention to the Fed and the economy right now,
Speaker 1: joining us live with the Bloomberg intranton Broker Studios, Economic
Speaker 1: Scross Wonted Mike McKee, Mike, good morning to you. More
Speaker 1: Fed officials are speaking. They're sounding very hawkish. Well, you
Speaker 1: also have to take into account who is the round
Speaker 1: up the usual suspects of all English teachers calling me um.
Speaker 1: We've heard from some of the more hawkish members like
Speaker 1: Jim Bullard at Esther George. We're going to hear from
Speaker 1: a couple of key speakers today. Charlie Evans, seen as
Speaker 1: something of a moderate from Chicago. He's speaking, and John Williams,
Speaker 1: who is the New York Fed President, and people pay
Speaker 1: a lot of attention to what he says because by
Speaker 1: tradition the Fed New York Fed president does not descend
Speaker 1: it from votes with the chairman, So whatever he says
Speaker 1: will give you a pretty good idea of where j.
Speaker 1: Powell is. What are we expecting to hear that the
Speaker 1: Fed does feel that we've gone too far and inflation
Speaker 1: is too hot, and they are going to raise interest rates,
Speaker 1: but they're still not sure how far how fast. We
Speaker 1: have pretty much come to a consensus on Wall Street
Speaker 1: in the last week that they're gonna do between five
Speaker 1: and seven rate increases this year. There are seven meetings left,
Speaker 1: and does the Fed think they need to go that
Speaker 1: far that fast? I suspect we're going to hear an
Speaker 1: argument for being cautious and following the data. These guys
Speaker 1: have to make their forecast for inflation and growth, not
Speaker 1: knowing what's going to happen with the COVID uh pandemic,
Speaker 1: whether we're gonna have another variant, and not knowing what's
Speaker 1: gonna happen with Ukraine and Russia and what impact that
Speaker 1: might have on the economy. So I think they're gonna
Speaker 1: be more cautious than some people on Wall Street have
Speaker 1: been expecting. A much of the difference is there between
Speaker 1: the on street expectations and what the FED speakers have
Speaker 1: been saying. I guess what I'm asking is, are we
Speaker 1: set up for some big surprises to the markets? I
Speaker 1: don't think we'll get big surprises. The Fed's gonna push
Speaker 1: back on the idea that they're locked into anything. Uh.
Speaker 1: If you ask any of these FED officials, are you're
Speaker 1: gonna do seven rading increases this year? They'll demur and say,
Speaker 1: we are going to watch what happens in the economy
Speaker 1: before we decide. But they are in agreement with the
Speaker 1: market that rates have to go up. Big questions do
Speaker 1: they go up fifty basis points at the March meeting?
Speaker 1: And I don't think we get an answer to that,
Speaker 1: yet they'll want to wait until they see the next
Speaker 1: jobs and CPI figures in early March before their meeting.
Speaker 1: We're still buying assets, still stimulating. Does that matter or
Speaker 1: is it the rates that are the heavy lifters. It
Speaker 1: doesn't matter to the economy because the amount they're buying
Speaker 1: is so small. But the symbolism has been a problem
Speaker 1: for the Fed, And of course their issue is always
Speaker 1: communication with the markets and with the American people, and
Speaker 1: the idea that they're still stimulating doesn't sit well with
Speaker 1: a lot of people who think we have an inflation problem.
Speaker 1: Bloomberg Economics corresponded Mike McKee. Mike, thanks for stopping mind
Speaker 1: this morning. Appreciate it. Ahead of the cash open on
Speaker 1: Wall Street, dal futures of one six, Anson V futures
Speaker 1: up twenty two but ends DANK futures up ninety eight points.
Speaker 1: This is Bloomberg and the Bloomberg Weather wind advisory that
Speaker 1: runs through ten o'clock this morning. Showers ending early this
Speaker 1: morning will clearing the Santa Doon, windy temperatures going through
Speaker 1: much of the day. They see is Bloomberg Markets headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com and the Bloomberg Business apt and at Bloomberg
Speaker 1: Quick Tape, He's a Bloomberg Business Flash and I'm Karen
Speaker 1: Moscow future is on the rise. This morning, we go
Speaker 1: to the First Word Breaking news desk for today's morning call.
Speaker 1: Here's Bill Maloney. Bill, good morning, and good morning, Karen.
Speaker 1: That's right. US teachers are in the green after yesterday's plunge,
Speaker 1: with doubt futures currently up a hundred two points. S
Speaker 1: and B s gained eighteen Nastic futures rise by eighty four.
Speaker 1: The US ten year old at one point nine seven percent.
Speaker 1: Gold and oil are both down, Bitcoin is lowered by
Speaker 1: point seven percent, and Hong Kong fell one percent overnight.
Speaker 1: Note that the Hong Kong plans COVID mass testing for
Speaker 1: the whole city. Up of markets are trading mixed right
Speaker 1: now and back in the US on the economic front.
Speaker 1: At ten o'clock, existing home sales after the bells night
Speaker 1: Roku report, it shares it down twenty five percent pre market,
Speaker 1: and regarding earnings this morning, dear raised its full year
Speaker 1: profit outlook. Indian News Selonis agreed to buy most of
Speaker 1: DuPont's materials are for eleven billion and wrapping things up.
Speaker 1: J B hunt was raised to neutral over at JP
Speaker 1: Morgan Live from the first breaking news that's gone, Bill Maloney, Karen,
Speaker 1: all right, Bill, thank you and to hear live breaking
Speaker 1: news over your Bloomberg type squawk on your terminal ascue
Speaker 1: you a w K. That's a Bloomberg business flash. Now
Speaker 1: is John Tucker with more on what's going on around
Speaker 1: the world, John, and good morning, Karen. President Biden warning
Speaker 1: the probability of an invasion of Ukron's Ukraine still very high.
Speaker 1: The Russian Foreign Minister Sergey laugh Roth has agreed to
Speaker 1: meet with Secretary State Anthony Blinkeln for talks in Europe
Speaker 1: next week. A Judge's World, Former President Donald Trump must
Speaker 1: answer questions under oath in New York States civil investigation
Speaker 1: into his business practices, and the House Republican leader Kevin
Speaker 1: McCarthy taking the unusual step of endorsing the primary opponent
Speaker 1: of incumbent Republican Representative Liz Cheney. Sports Rangers fall to
Speaker 1: the Red Wings and a shootout, The Islanders beat the Bruins,
Speaker 1: the Capitals topping the Flyers, and in the NBA, the
Speaker 1: Wizards beat the Nets Global News twenty four hours a
Speaker 1: day on air, and I'm Bloomberg Quick Take, powered by
Speaker 1: more than twenty seven hundred journalists and analysts. It more
Speaker 1: than one hundred twenty countries. I'm John Tucker. This is Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion. New COVID tell
Speaker 1: are needed as much as ever. I'm Lisa Jarvis, a
Speaker 1: columnist for Bloomberg Opinion. Even as omicron infections plummet, preparations
Speaker 1: must be made for whatever COVID nineteen throws it us next.
Speaker 1: A good way to do that is to develop new
Speaker 1: anti virals that can be used more easily than the
Speaker 1: two existing COVID pills. Visor's packs of it it and
Speaker 1: merk small niperevir were authorized last year with much fanfare,
Speaker 1: but their use is complicated well. Nuperavir cary safety warnings
Speaker 1: that seem to outweigh its modest benefits, and packs of
Speaker 1: it is very effective but can interact with commonly used drugs.
Speaker 1: Several new anti virals are advancing in the clinic this year,
Speaker 1: including pills from Shian Nogi and Notto Pharmaceuticals, and no Artists.
Speaker 1: This week part is Bioscience is offered a glimpse at
Speaker 1: early data on its own pill. So far, it appears
Speaker 1: safe to give with other medicines, but might not shut
Speaker 1: the virus down as effectively as packs with it. We'll
Speaker 1: see more data from PARTIS in March. Ideally, one of
Speaker 1: these efforts will yield a simpler, safer oral antivirals that
Speaker 1: could be easy and inexpensive to distribute widely. I'm Lisa Jarvist.
Speaker 1: For more opinion, please go to Bloomberg dot com, Slash
Speaker 1: Opinion or O P I N on the Bloomberg terminal.
Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentaries can
Speaker 1: be heard every weekday at this time, and terminal customers
Speaker 1: can read more at O p I N go. It
Speaker 1: is six fifty on Wall Street. Returned to news and
Speaker 1: science and technology now with the Bloomberg n j I
Speaker 1: T STEM Report, brought to you by New Jersey Institute
Speaker 1: of Technology, ranked top fifty national public university by US
Speaker 1: News and World Report and a top fifty college for
Speaker 1: undergraduate entrepreneurship studies by the Princeton Review. Learn more at
Speaker 1: n j I T dot E DU now Here's just
Speaker 1: making news and science, technology, engineering, and math. The Biden
Speaker 1: administration is warning that COVID cash is drying up. It's
Speaker 1: telling Congress that the US does not have enough money
Speaker 1: on hand to deal with future coronavirus variants, stockpile vaccines,
Speaker 1: or develop new technologies. The Department of Health and Human
Speaker 1: Services is asking for thirty billion dollars to prepare for
Speaker 1: new waves of the virus. In Hong Kong, the pandemic
Speaker 1: situation has shifted from over the top caution to outright chaos.
Speaker 1: The COVID zero strategy kept the city largely free of
Speaker 1: the coronavirus for the past two years, but elaborate defenses
Speaker 1: have collapsed in the face of the omicron variant. Now,
Speaker 1: hospitals are overwhelmed, and if ozers say that shows Hong
Speaker 1: Kong was not prepared to tackle the outbreak. Google and
Speaker 1: Facebook parent Meta could be facing a data doomsday in
Speaker 1: the European Union. One of the region's top privacy watchdogs
Speaker 1: is preparing a decision that could paralyze transatlantic data flows
Speaker 1: and risk billions in revenue for the two companies. It
Speaker 1: has to do with contract terms used by Meta, Google
Speaker 1: and others to legally transfer user data to the US
Speaker 1: for processing. And that's the Bloomberg n j I t
Speaker 1: STEM report, Nathan, another headache for the Meta mates potentially.
Speaker 1: Thank you. Karen from the Bloomberg Interactive Brokers studios were
Speaker 1: coming up to six fifty two on Wall Street Time
Speaker 1: Now to check what's going on in d C. Some
Speaker 1: of the top stories in our nation's capital include the
Speaker 1: US and Russia planning to keep talking as the crisis
Speaker 1: over Ukraine continues, the Senate clearing a three week up
Speaker 1: gap to avoid a government shutdown tonight, and House Republican
Speaker 1: leader Kevin McCarthy endorsing Liz Cheney's primary opponent. Let's get
Speaker 1: more on all these stories. Bloomberg Government reporter Emily Wilkins
Speaker 1: joins us live from the nation's capital. We've been watching
Speaker 1: the tensions surrounding Ukraine all week, Emily, Can you get
Speaker 1: us up to speed on the latest diplomacy. Sure. So,
Speaker 1: it's been announced that Secretary of St. Anthony B. Lincoln
Speaker 1: is going to be meeting with his Russian counterpart next week.
Speaker 1: We're also going to see Defense Secretary Lloyd Austin speaking
Speaker 1: with his counterpart in Russia. And you have heard Biden
Speaker 1: continue to say that diplomacy is the way they want
Speaker 1: to go forward here. But they're also warning from warnings
Speaker 1: from the Pentagon of a potential false flag attack. That
Speaker 1: would be something where Russia would have perhaps a chemical
Speaker 1: weapons attack, either real or faked within Russia and use
Speaker 1: that as an excuse for invading Ukraine. That is something
Speaker 1: we are now hearing Lincoln and of begin to warn of. Um,
Speaker 1: where are And I think a lot of this it
Speaker 1: just sort of depends how the next couple of days
Speaker 1: play out. Biden's still warning that there could be an
Speaker 1: invasion within the next few days, but of course there's
Speaker 1: that meeting between b Lincoln and his counterpart next week.
Speaker 1: A lot is up in the air right now. Um,
Speaker 1: this is occurring as members of Congress are now back
Speaker 1: home in their districts. Uh, they could be called back
Speaker 1: to d C fairly quickly if they needed to do something.
Speaker 1: But a lot of this is kind of considering continuing
Speaker 1: that wait and see posture where Biden's both warning of
Speaker 1: an attack but also trying to keep diplomatic channels open. Yeah,
Speaker 1: so we'll be watching more of those diplomatic developments as
Speaker 1: they continue potentially into the weekend. And speaking of lawmakers
Speaker 1: back home in their district. Emily, I guess government shutdowns
Speaker 1: averted for a little while, a little while until March eleventh, UM.
Speaker 1: But this really shouldn't be seen as as a big win.
Speaker 1: I mean, lawmakers are still using the funding ali cated
Speaker 1: under the Trump administration, which I guess it's great. It's
Speaker 1: great for Republicans, but for Democrats there's more new funding
Speaker 1: that they want to put in. They want to sort
Speaker 1: of change different revenues, uh, fun new things. I mean,
Speaker 1: this is pretty common. This is why we get a
Speaker 1: new spending plan every year to address some of those
Speaker 1: changes that really need to be made, and currently they're not. UM.
Speaker 1: We do know that there are some top line numbers
Speaker 1: that have been agreed to that speaks well of getting
Speaker 1: some sort of longer term agreement in place by March
Speaker 1: eleven UM. Also, the bill that was passed yesterday, we
Speaker 1: did see some additional funding for things that the Pentagon
Speaker 1: requested for defense, so that's included in their Biden just
Speaker 1: needs to sign this bill and then once again, this
Speaker 1: is going to be a thing while makers are out
Speaker 1: this week. They come back in March and it's going
Speaker 1: to be a rush to get government spending done. That
Speaker 1: puts other priorities like provisions within the Build Back Better
Speaker 1: Bill on the back burner for well into March. At
Speaker 1: this point, I guess it's not an issue at least
Speaker 1: for President in State of the Union address coming in
Speaker 1: between now and when the next round of funding runs out.
Speaker 1: But in our last minute here emily very interesting development
Speaker 1: in the Republican Party with the leader of the party
Speaker 1: in the House endorsing a primary opponent to one of
Speaker 1: his own members. Yeah, this is rare. Leadership usually stays
Speaker 1: out of primary races, and if they do get into it,
Speaker 1: it's to defend an incumbent, not to support someone who's
Speaker 1: running against them. But McCarthy said he was backing Harriet Hagman.
Speaker 1: She's a pro Trump candidate. Trump's already endorsed her. And
Speaker 1: this really comes after Liz Cheney. You know, not only
Speaker 1: did she vote to impeach Donald Trump, not only did
Speaker 1: she agree to sit on this January six commission, but
Speaker 1: she's also been very outspoken for the Republican Party and
Speaker 1: their response to the election, as well as the January
Speaker 1: six attack on the Capitol. McCarthy has been under a
Speaker 1: lot of pressure from his further right members to address
Speaker 1: this in some way, shape or form, and by backing
Speaker 1: his primary opponent, McCarthy's kind of signaling. Look, Um, I
Speaker 1: don't necessarily support Cheney anymore, but it's going to have
Speaker 1: to be the voters of Wyoming who make the final
Speaker 1: decision on whether she comes back to Congress. Thanks for this,
Speaker 1: Emily Hope. It's a RESTful holiday weekend for you. Bloomberg
Speaker 1: Government reporter Emily Wilkins with us from Washington. You can
Speaker 1: read more about all these stories at Bloomberg dot com
Speaker 1: or on the Bloomberg terminal, and listen to Bloomberg Radio
Speaker 1: in the nation's capital Bloomberg one and one oh five
Speaker 1: point seven FM h D two. Karen, Thanks Nathan. It
Speaker 1: is six fifty six on Wall Street. This is Bloomberg Daybreak.
Speaker 1: February is Black History Month, and every day this month
Speaker 1: we're celebrating significant moments in US black history. Now with
Speaker 1: your installment for February eighteenth, here's Bloomberg's for Needy Young.
Speaker 1: On this day in black history. In Germantown, Pennsylvania, Quakers
Speaker 1: hold the first formal protest against slavery. A petition was
Speaker 1: drafted on behalf of the German town meeting of the
Speaker 1: religious Society Friends. In the document, the four men use
Speaker 1: the Bible's Golden rule to argue against such inhumane treatment
Speaker 1: of their fellow man, regardless of the color of their skin.
Speaker 1: And the golden rule, of course, is the principle of
Speaker 1: treating others as you would want to be treated. The
Speaker 1: petition argued that every human, regardless of their belief, color,
Speaker 1: or ethnicity, has rights that should not be violated. Seeing
Speaker 1: the injustices of the slave trade, these men courageously took
Speaker 1: a stand against slavery based on their religious and moral beliefs.
Speaker 1: That's today in Black history. I'm gonna need a young
Speaker 1: Bloomberg radio right, Grinita, thank you, and futures this morning
Speaker 1: on the rise, SNP futures up fourteen points to now
Speaker 1: futures up sixty nine and NASDAG futures up seventy eight.
Speaker 1: Bloomberg Surveillance Straight Ahead with Tom King, Jonathan Farrow, and
Speaker 1: Lisa of Ramowitz And for Nathan Hagar, I'm Karen Moscow
Speaker 1: and this is Bloomberg