WEBVTT - Bloomberg Daybreak: February 18, 2022 - Hour 2 (Radio) 0:00:02.600 --> 0:00:05.840 Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg 0:00:05.880 --> 0:00:10.520 day Break for Friday, February. Coming up, the shower stocks 0:00:10.560 --> 0:00:13.200 get a lift on news of plant talks between the 0:00:13.280 --> 0:00:15.920 US and Russia. Facebook drops out of the top ten 0:00:15.960 --> 0:00:18.960 most valuable companies. Jim Bullard says the Fed may need 0:00:18.960 --> 0:00:21.640 to raise rates above two percent, and the White House 0:00:21.680 --> 0:00:23.960 warns it may be running out of money to fight COVID. 0:00:24.160 --> 0:00:26.920 Former President Trump ordered to testify in the New York 0:00:26.920 --> 0:00:30.240 Attorney General's probe of his business practices, and former Governor 0:00:30.320 --> 0:00:33.480 Cuomo sued for alleged sex harassment. I'm John Tucker. Those 0:00:33.520 --> 0:00:36.919 stories straight ahead, I'm John Stashower and sports. Another shootout 0:00:36.960 --> 0:00:39.360 at the Garden this time the Rangers lost in Detroit, 0:00:39.440 --> 0:00:42.240 the Islanders beat the Ruins, the Nets lost to Washington. 0:00:44.080 --> 0:00:47.920 That's all straight ahead on Bloomberg day Break on Bloomberg 0:00:47.960 --> 0:00:52.880 Element Trio, New York, Bloomberg one, Washington, d C, Bloomberg 0:00:52.880 --> 0:00:56.640 one on six one, Boston, Bloomberg nine sixties, San Francisco, 0:00:57.000 --> 0:01:00.200 Sirius x M one nineteen and around the world Old 0:01:00.240 --> 0:01:03.960 on Bloomberg Radio dot Com and via The Bloomberg Business. 0:01:07.440 --> 0:01:10.560 Good Morning, I'm Nathan Hagar and I'm kmeron Moscow. US 0:01:10.640 --> 0:01:12.960 future is higher to end the week. We're coming up 0:01:12.959 --> 0:01:14.520 to six oh one on Moll Street, and we check 0:01:14.560 --> 0:01:17.080 the markets every fifteen minutes throughout the trading day. On 0:01:17.120 --> 0:01:20.280 Bloomberg S and P futures up twenty one points down, 0:01:20.319 --> 0:01:23.920 futures up one d ten, NAS Deck futures up ninety seven. 0:01:24.160 --> 0:01:26.320 The decks in Germany is down a tenth of a 0:01:26.440 --> 0:01:29.080 percent ten. Your treasury down one thirty second. He had 0:01:29.120 --> 0:01:31.679 one point nine six percent yield on the two year, 0:01:31.760 --> 0:01:35.080 one point eight percent. Nimex screwed oil is down two 0:01:35.080 --> 0:01:37.440 point six percent, down two dollars forty two cents at 0:01:37.440 --> 0:01:40.440 eighty nine dollars, thirty four cents of barrel. Comex gold 0:01:40.560 --> 0:01:43.279 is down six tents percent or eleven dollars ten cents 0:01:43.480 --> 0:01:47.520 at eight ounce. The euro one point one three zero 0:01:47.600 --> 0:01:50.520 against the dollar. Nathan, Well, Karen, we are seeing futures 0:01:50.520 --> 0:01:53.680 get a lift after yesterday's sell off. There's optimism on 0:01:53.720 --> 0:01:56.240 where the US is extending a hand to Russia with 0:01:56.320 --> 0:01:59.840 a high stakes meeting. Bloomberg said. Baxter has the story, 0:02:00.280 --> 0:02:02.120 so it looks as if there will be a meeting 0:02:02.200 --> 0:02:05.320 late next week as the US accepts the date as well, 0:02:05.800 --> 0:02:08.080 But the fact remains that are over one hundred fifty 0:02:08.080 --> 0:02:11.520 thousand Russian troops at the border, and Blincoln says the 0:02:11.600 --> 0:02:14.840 real issue the States go far beyond you, cra This 0:02:14.960 --> 0:02:17.320 is a moment of peril for the lives and safety 0:02:17.360 --> 0:02:20.360 of millions of people, as well as for the foundation 0:02:20.400 --> 0:02:24.280 of the United Nations Charter and the rules based international order. 0:02:24.480 --> 0:02:28.160 And President Biden says he will call Transatlantic leaders later 0:02:28.240 --> 0:02:32.080 today in San Francisco. I'm at Baxter Bloomberg Daybreak and 0:02:32.240 --> 0:02:34.840 thank you Geo political tensions help you la sell off 0:02:34.880 --> 0:02:37.840 on Wall Street yesterday about eighty five company's in the 0:02:37.960 --> 0:02:40.320 s and P five hundred fell well. The tech heavy 0:02:40.400 --> 0:02:43.840 NASDAC tumbled three percent. It's a difficult time for investors. 0:02:43.880 --> 0:02:46.960 According to Eaton Vance, portfolio manager at Yaina Barton, there 0:02:47.000 --> 0:02:50.280 are lots of questions with very hugeful proof answers, a 0:02:50.320 --> 0:02:53.640 lot of uncertainty, which obviously investors don't like. But you 0:02:53.800 --> 0:02:57.960 name it, uh and visibility is marking with it. It's policy, geopolitics, 0:02:58.000 --> 0:03:02.080 growth inflation to worry about. But Jana Barton at Eton 0:03:02.160 --> 0:03:05.440 Vance says she still remains bullish on equities. Well. Perhaps 0:03:05.440 --> 0:03:07.400 some of the hardest hit stocks the past few months 0:03:07.440 --> 0:03:10.520 here and has been Meta Platforms, the parent of Facebook, 0:03:10.520 --> 0:03:13.200 has now tumbled out of the world's ten largest companies 0:03:13.200 --> 0:03:16.680 by market value. It's been hammered by its worst monthly 0:03:16.720 --> 0:03:20.840 decline ever. We get more from Bloomberg's Charlie Pellet. Once 0:03:20.919 --> 0:03:24.320 the world's sixth largest company with a valuation and excess 0:03:24.360 --> 0:03:27.640 of one trillion dollars, the Facebook parent closed the last 0:03:27.639 --> 0:03:31.840 session with a value of five hundred sixty five billion dollars, 0:03:31.840 --> 0:03:36.080 placing it in eleventh place behind ten Cent Holdings. According 0:03:36.080 --> 0:03:40.000 to data compile by Bloomberg, Metal Platforms, which changed its 0:03:40.080 --> 0:03:43.160 name from Facebook last year, has seen more than five 0:03:43.240 --> 0:03:47.640 hundred billion dollars in market value destroyed from a September 0:03:47.680 --> 0:03:52.240 peak in New York. Charlie Pellet Bloomberg daybreak. All right, Charlie, 0:03:52.240 --> 0:03:53.560 thank you, and let's get you up to date on 0:03:53.600 --> 0:03:56.160 some other stocks moving this morning. On Earning shares a 0:03:56.240 --> 0:03:59.920 Roku or down twenty in early trading. The streaming video 0:04:00.120 --> 0:04:03.080 form reported revenue and a sales outlook that fails short 0:04:03.080 --> 0:04:06.520 of estimates. Red Fin shares are down more than also, 0:04:06.880 --> 0:04:09.840 the real estate technology company forecast a first quarter loss 0:04:09.880 --> 0:04:12.840 that was worse than analysts we're looking for, and shares 0:04:12.920 --> 0:04:15.920 of shak a Shack are down twelve percent. The Hamburger 0:04:16.000 --> 0:04:19.839 Chains first quarter revenue miss forecast. So the volatility and 0:04:19.880 --> 0:04:22.560 the market like this, where's the best place to put 0:04:22.600 --> 0:04:26.560 your money? Some say overseas? Let's get the details live 0:04:27.080 --> 0:04:30.400 from overseas, Bloombergs Max Ramsey's with us in our London bureau. 0:04:30.400 --> 0:04:33.719 Good morning, Max, morning, Nathan and Karen. Yes, we're seeing 0:04:33.720 --> 0:04:36.919 optimistic views from strategists on Europe, and of course this 0:04:37.000 --> 0:04:41.120 positioning is particularly interesting because we've seen such volatility across 0:04:41.240 --> 0:04:44.320 European assets this month. We've had this hawk Is pivot 0:04:44.320 --> 0:04:47.000 from the ECB, the repricing in the bond markets, and 0:04:47.080 --> 0:04:50.720 of course the ongoing tensions over Ukraine. But in Bloomberg's 0:04:50.720 --> 0:04:53.960 February poll of seventeen strategists from both by and south Side, 0:04:54.240 --> 0:04:57.120 only two lower day year end targets for the stock 0:04:57.200 --> 0:05:00.320 six D. Right now we trade around full six five 0:05:00.360 --> 0:05:03.320 points on the stock six D. The average price target 0:05:03.320 --> 0:05:05.640 is five A seven. Say they do see around an 0:05:05.640 --> 0:05:09.240 eight percent, just eight percent upside Live in London, Max Ramsey, 0:05:09.240 --> 0:05:11.880 bree back daybreak Max, thank you. The prospect of higher 0:05:11.880 --> 0:05:14.320 interest rates has also been a major contributor to the 0:05:14.360 --> 0:05:16.920 recent markets sell off, and St. Louis FED President Jim 0:05:16.960 --> 0:05:19.640 Bullard said the Federal Reserve may need to raise rates 0:05:19.720 --> 0:05:23.440 above two percent decurb prices. If you wanted to put 0:05:23.520 --> 0:05:27.040 downward pressure inflation, you'd actually have to get to neutral 0:05:27.040 --> 0:05:29.919 and go beyond neutral, And I think that's a major 0:05:30.040 --> 0:05:33.159 concern of mine. We're not really in a position to 0:05:33.240 --> 0:05:35.400 do that right now, but we have to get in 0:05:35.440 --> 0:05:38.600 a position to do that at some point in case 0:05:38.640 --> 0:05:42.040 inflation doesn't moderate, Say Louis FED President Jim Bullard made 0:05:42.040 --> 0:05:45.000 the comments in an event hosted by Columbia University and 0:05:45.320 --> 0:05:49.200 s J S G H Macro Advisors. Cleveland FED President 0:05:49.279 --> 0:05:52.600 Lauretta Master also supports tightening policy at a faster pace 0:05:52.640 --> 0:05:55.280 to find inflation. She says she supports a rate hike 0:05:55.400 --> 0:05:58.440 next month and expects inflation to remain above two percent 0:05:58.600 --> 0:06:01.200 both this year and next well. Coming up on the 0:06:01.200 --> 0:06:04.560 economic front, Nathan we get data on the housing market today. 0:06:04.600 --> 0:06:08.279 Economists predict existing home sales probably dropped in January for 0:06:08.320 --> 0:06:10.760 the second month in a row. Bloomberg's Viney deal Judai 0:06:10.839 --> 0:06:14.400 says more the prior reports at existing home sales dropped 0:06:14.440 --> 0:06:17.560 in December for the first time since August. The outlook 0:06:17.600 --> 0:06:21.480 could be described as tenuous. Inventories remain below and mortgage 0:06:21.560 --> 0:06:25.719 rates are creeping higher back to pre pandemic levels. Prices 0:06:26.040 --> 0:06:29.920 very high prices are also having an impact. I mean January, 0:06:29.960 --> 0:06:33.359 the COVID nineteen armorcrant variant cast the pale on Daily 0:06:33.440 --> 0:06:39.240 Life que Judas Bloomberg day Break, Whitehouse is worn in 0:06:39.320 --> 0:06:42.279 COVID cash is drying up. It's telling Congress the US 0:06:42.360 --> 0:06:44.359 doesn't have enough money on hand to deal with future 0:06:44.400 --> 0:06:48.160 coronavirus variants and needs more funds to stockpile vaccines and 0:06:48.200 --> 0:06:51.320 develop new strategies. The Department of Health and Human Services 0:06:51.400 --> 0:06:54.200 is asking for thirty billion dollars to prepare for the 0:06:54.320 --> 0:06:57.400 next waves of the virus. Meantime, Nathan, the i r 0:06:57.560 --> 0:07:00.120 S is adding a second so called search team who 0:07:00.120 --> 0:07:03.159 expand its capacity to process US tax returns. That comes 0:07:03.160 --> 0:07:06.280 after criticism from members of Congress who say taxpayers are 0:07:06.320 --> 0:07:08.440 waiting for months to get their refunds. The i r 0:07:08.600 --> 0:07:11.520 S will also outsource some functions to help finalize returns 0:07:11.560 --> 0:07:15.679 more quickly and straight ahead, your latest local headlines, plus 0:07:15.760 --> 0:07:23.800 the check of sports. This is Bloomberg. It sounds six, 0:07:23.880 --> 0:07:26.040 so seven on Wall Street. Let's bring in John Tucker 0:07:26.120 --> 0:07:27.680 for a look at what's going on in New York 0:07:27.760 --> 0:07:31.320 and around the world. John Nathan, Good morning. Former President 0:07:31.400 --> 0:07:34.440 Donald Trump has been ordered to testify in the investigation 0:07:34.520 --> 0:07:37.480 being conducted by the New York Attorney General. The story 0:07:37.560 --> 0:07:40.800 this morning from Bloomberg's Jeff Bellinger. A New York charge 0:07:40.840 --> 0:07:44.360 rejected a request by Trump, Donald Trump Junior, and Ivanka 0:07:44.440 --> 0:07:47.920 Trump that he blocked Attorney General Letitia James subpoenas for 0:07:48.040 --> 0:07:51.920 their depositions. He ordered the three to appear for depositions 0:07:52.000 --> 0:07:55.360 within twenty one days, and a contentious hearing, Lawyers for 0:07:55.400 --> 0:07:58.800 the Trump's accused James of improperly trying to gather criminal 0:07:58.920 --> 0:08:02.480 evidence under the guys of conducting a civil investigation that 0:08:02.560 --> 0:08:05.960 would typically culminate in a lawsuit rather than an indictment, 0:08:06.320 --> 0:08:09.360 but the judge said their argument completely misses the mark. 0:08:09.760 --> 0:08:12.200 Trump said in a statement, I can't get a fair 0:08:12.240 --> 0:08:14.360 hearing in New York because of the hatred of me 0:08:14.640 --> 0:08:18.720 by judges and the judiciary. Jeff Mullinger Cloomberg name break. 0:08:18.840 --> 0:08:22.400 Former Governor Cuomo was sued over sensual harassment by a 0:08:22.440 --> 0:08:25.920 state trooper who was part of his protective detail. Cuomo 0:08:26.040 --> 0:08:28.720 was forced to resign last year after the state Attorney 0:08:28.800 --> 0:08:33.160 general issued a lengthy report alleging several instances of harassment 0:08:33.240 --> 0:08:36.400 of state workers by Cuomo. New York governor County Hogo 0:08:36.480 --> 0:08:39.920 accepting the state Democratic Party's nomination as their candidate in 0:08:40.000 --> 0:08:44.040 the governor's race. The decision marked a rapid rise for 0:08:44.120 --> 0:08:46.840 the sixty three old Buffalo native, who was a relative 0:08:47.000 --> 0:08:50.320 unknown when she took office in August, following former Governor 0:08:50.400 --> 0:08:55.080 Andrew Cuomo's resignation over sex harassment allegations. New York City 0:08:55.120 --> 0:08:57.920 firefighters dying from what's being described as a sudden medical 0:08:58.080 --> 0:09:01.320 episode at his firehouse a day after battling a house 0:09:01.400 --> 0:09:05.480 fire in Queens. Mayor Eric Adams the entire city mourns 0:09:05.559 --> 0:09:09.560 for the loss of this firefighter, young man that dreamed 0:09:09.640 --> 0:09:12.839 to be a firefighter all his life. Thirty three old 0:09:12.920 --> 0:09:16.000 Jesse Gerhardt worked at Latter Company one thirty four in 0:09:16.160 --> 0:09:19.880 far Rockaway House. Republican leader Kevin McCarthy has taken the 0:09:20.120 --> 0:09:24.840 unusual step of endorsing the primary opponent of incumbent Republican 0:09:24.920 --> 0:09:28.319 representative Liz Cheney. It's in dedication of the death of 0:09:28.400 --> 0:09:31.320 the splitting in the party over former President Donald Trump. 0:09:31.800 --> 0:09:35.640 McCarthy joined Trump and backing attorney Harriet Hagman in Wyoming's 0:09:35.640 --> 0:09:40.120 August Republican primary against Cheney. Cheney has criticized Trump over 0:09:40.240 --> 0:09:42.680 his role in stoking the mob that stormed the US 0:09:42.760 --> 0:09:46.000 capital last year. Global News twenty four hours a day 0:09:46.040 --> 0:09:48.720 on air. Anna blueber quicktike, We're powered by more than 0:09:48.800 --> 0:09:51.520 twenty seven hundred journalists and analysts in more than one 0:09:51.600 --> 0:09:59.040 hundred twenty countries. I'm John Tucker. This is Bloomberg and 0:09:59.200 --> 0:10:01.319 that brings us to six o nine on Wall Street, 0:10:01.400 --> 0:10:03.960 this time for the Bloomberg Sports Update. Good Morning John 0:10:04.000 --> 0:10:06.679 Stown Show Right in Morning John Nowther shootout at the Garden, 0:10:06.760 --> 0:10:09.360 like the one on Tuesday, not decided with the normal 0:10:09.480 --> 0:10:12.040 three rounds, pick nine rounds for the Rangers to beat Boston. 0:10:12.160 --> 0:10:15.160 The one with Detroit decided in round number six. Pet 0:10:15.360 --> 0:10:17.679 brings it up across the line. On Christ moves in. 0:10:18.120 --> 0:10:23.160 He shoots end up Pets save by Thomas Chris, and 0:10:23.320 --> 0:10:27.160 the rud Wings win this one in a shootout. Chris 0:10:27.280 --> 0:10:30.720 with the big save on Heatle and the final score. 0:10:30.800 --> 0:10:33.520 Tonight in New York the Red Weeks three and the 0:10:33.640 --> 0:10:36.440 New York Rangers too. That's Red Rings Radio with the call. 0:10:36.559 --> 0:10:38.880 Rangers got goals in Yandre Miller and make his advantage 0:10:38.920 --> 0:10:41.199 at who also scored in the shootout, but he's the 0:10:41.280 --> 0:10:43.360 only one who did. Islanders are the three goal third 0:10:43.400 --> 0:10:45.720 period in the three game losing. They beat the Bruins 0:10:45.800 --> 0:10:48.640 ford to one at Barkley's no fourth quarter heroics this 0:10:48.720 --> 0:10:51.240 time for the Nets like they had Wednesday against the 0:10:51.320 --> 0:10:54.600 next Washington beat Brooklyn one seventeen to one oh three. 0:10:54.679 --> 0:10:57.640 The NBA Navigans All Star weekend in Cleveland, and the 0:10:57.720 --> 0:11:00.400 highlight figures to be the introduction Sunday Night of the 0:11:00.760 --> 0:11:04.440 top seventy five players in this the NBA seventy five season. 0:11:04.480 --> 0:11:07.040 The Knicks, represented by the likes of Patrick Ewe and 0:11:07.040 --> 0:11:09.960 Willis Reid, Walt Frazier, Earl Monroe, and the late David 0:11:10.000 --> 0:11:13.120 Devocher College Who's Wagner keeps winning. Now eighteen and three 0:11:13.200 --> 0:11:15.760 after a win over Sacred Hard, Rutgers has won four 0:11:15.840 --> 0:11:19.079 straight all against top twenty five teams and looking to 0:11:19.160 --> 0:11:22.400 make it five Sunday at fifth rank Per new Scarlet 0:11:22.559 --> 0:11:24.880 Knights may not have top scorer Ron Harper Jr. Is 0:11:24.920 --> 0:11:28.200 at a hand injury. Baseball was to start exhibition games 0:11:28.280 --> 0:11:30.800 next weekend. Obviously that's not gonna happen. With the lockout 0:11:30.880 --> 0:11:33.880 now seventy eight days long. MLB says they need an 0:11:33.920 --> 0:11:36.360 agreement by the end of February if they are able 0:11:36.400 --> 0:11:39.360 to start the season on top. John Dash Howard, Bloomberg 0:11:39.400 --> 0:11:42.560 Sports Jump. All right, thanks John, After yesterday's painful sell 0:11:42.559 --> 0:11:46.040 all futures this morning indicate a higher open on Wall Street. 0:11:46.559 --> 0:11:50.000 Now futures up one hundred and twenty three points, right now, 0:11:50.480 --> 0:11:54.080 SMP futures they're up twenty two and the NASA Emini 0:11:54.200 --> 0:12:00.160 futures they are upright now one hundred three points. You're 0:12:00.240 --> 0:12:07.319 listening to Bloomberg Daybreak and day Break being drawn to 0:12:07.360 --> 0:12:09.599 you by Audie. Don't let someone else drive off in 0:12:09.679 --> 0:12:12.400 the Audi model you've always wanted. Visit a try and 0:12:12.440 --> 0:12:22.320 State autie dealer today to get behind the wheel of yours. Markets, 0:12:22.440 --> 0:12:25.520 headlines and breaking news twenty four hours a day at 0:12:25.559 --> 0:12:29.520 Bloomberg dot Com, the Bloomberg Business Outland, at Bloomberg Quick Tape. 0:12:29.760 --> 0:12:38.720 This is a Bloomberg Business lash and I'm parent. Moscow 0:12:38.840 --> 0:12:41.400 stocks are rising as planned talks between Russia and the 0:12:41.520 --> 0:12:45.280 US over Ukraine alleviate some investor gloom about geopolitical risks. 0:12:45.360 --> 0:12:47.640 We checked the markets every fifteen minutes throughout the trading 0:12:47.760 --> 0:12:50.240 day on Bloomberg. Right now, S and P futures are 0:12:50.280 --> 0:12:52.560 up twenty three points down. Futures have a hundred thirty 0:12:52.600 --> 0:12:55.800 five Nowaday futures have one dred five that docks in 0:12:55.880 --> 0:12:59.400 Germany is litill change ten. Your treasury down three thirties seconds. 0:12:59.440 --> 0:13:01.520 You have one boy nine seven percent, they yelled on 0:13:01.600 --> 0:13:04.280 the two year one point four eight percent. Ninemex s 0:13:04.320 --> 0:13:06.200 crude oil is down two and a half percent, down 0:13:06.240 --> 0:13:08.680 two dollars twenty nine cents at eighty nine dollars. Forty 0:13:08.760 --> 0:13:11.839 seven cents of aarrold comes Gold is down seven ten 0:13:11.960 --> 0:13:15.439 percent or thirteen dollars at eighteen eighty nine. Announced the 0:13:15.520 --> 0:13:18.320 euro one point one three five seven against the dollar. 0:13:18.400 --> 0:13:20.760 British found one point three six one five. The ends 0:13:20.800 --> 0:13:24.040 at one fifteen point to chew Bitcoin this morning, moving 0:13:24.120 --> 0:13:27.559 lower at forty thousand, four hundred dollars. We are watching 0:13:27.679 --> 0:13:31.000 earnings this morning. We heard from Deer, the largest maker 0:13:31.040 --> 0:13:35.760 of agricultural machinery raising its fiscal year outlook as booming 0:13:35.840 --> 0:13:40.199 crop earnings continue to boost farmers appetites for new tractors. 0:13:40.520 --> 0:13:42.959 And we're also watching for reports on existing home sales 0:13:43.000 --> 0:13:46.000 at a ten O'clockwell Street time, along with leading indicators. 0:13:46.280 --> 0:13:48.760 That's a Bloomberg business flash. Now here's John Tucker with 0:13:48.880 --> 0:13:51.160 more on what's going on around the world. Jump Good 0:13:51.240 --> 0:13:54.000 Morning Care and President Biden warning the probability of an 0:13:54.040 --> 0:13:57.080 invasion of Ukraine is still very high. The runching Foreign 0:13:57.120 --> 0:14:00.679 Ministers Sergey Landloff, agreed to meet with Secretary State Anthony 0:14:00.720 --> 0:14:03.840 Blinkeln for talks in Europe next week. A judge who 0:14:03.960 --> 0:14:06.720 rule that former President Donald Trump was answered questions under 0:14:06.760 --> 0:14:11.160 oath in New York States civil investigation into his business practices. 0:14:11.600 --> 0:14:14.640 The House Republican leader Kevin McCarthy took the unusual stamp 0:14:14.679 --> 0:14:19.040 of endorsing the primary opponent of incumbent Republican Representative Liz Cheney. 0:14:19.520 --> 0:14:22.640 And a massive cargo ship carrying thousands of new cars 0:14:23.040 --> 0:14:25.840 has caught fire in the middle of the Atlantic Ocean 0:14:26.360 --> 0:14:29.800 sports the Rangers fall to the Red Wings that ended 0:14:29.800 --> 0:14:32.760 in a shootout. The Islanders beat the Bruins and the 0:14:32.880 --> 0:14:36.480 Capital's top the flyers in the NBA, the Wizards, beat 0:14:36.520 --> 0:14:38.880 the Nets. Global news twenty four hours a day on Aeron, 0:14:38.920 --> 0:14:42.640 on Bloomberg, Quicktake, Power bott more than hundred journalists and analysts. 0:14:42.880 --> 0:14:46.400 It more than one and twenty countries. I'm John Tucker 0:14:46.680 --> 0:14:50.520 and this is Bloomberg. Nathan, John. Thank you. We're coming 0:14:50.600 --> 0:14:52.360 up to six twenty on Wall Street Life from the 0:14:52.360 --> 0:14:55.520 Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, and I'm 0:14:55.600 --> 0:14:58.160 Nathan Hagar. All week it has been about the standoff 0:14:58.200 --> 0:15:01.720 with Russia over concerns Moscow could invade Ukraine. The Kremlin 0:15:01.800 --> 0:15:04.880 denies any plans to do so. The latest development is 0:15:04.880 --> 0:15:07.280 a planned meeting between the US and Russia next week 0:15:07.320 --> 0:15:09.760 in hopes of avoiding conflict. Let's get more on the 0:15:09.840 --> 0:15:13.640 situation now from the perspective of Ukraine. Axanda Markarova is 0:15:13.720 --> 0:15:16.680 the ambassador of Ukraine to the United States, and she 0:15:16.840 --> 0:15:19.360 sat down for an interview with Bloomberg's and Marie Hordern 0:15:19.440 --> 0:15:23.080 late yesterday. Let's listen in to that conversation. Now. President 0:15:23.120 --> 0:15:26.000 Putin lately has mentioned the Minsk A Chords a number 0:15:26.040 --> 0:15:30.440 of times. Now Kevin Moscow interpret them very differently. But 0:15:30.680 --> 0:15:33.720 is the Ukrainian government under any pressure behind the scenes 0:15:34.200 --> 0:15:37.240 to getting back to the table when it comes to 0:15:37.320 --> 0:15:41.400 the Men's Accords and implementing them at some level. Well, 0:15:41.520 --> 0:15:47.000 If anything, the Ukrainian government is pushing everyone to work 0:15:47.080 --> 0:15:50.760 strongly together with us in order to find a diplomatic 0:15:50.840 --> 0:15:55.240 pass So President Zelinski numerous times said that he's ready 0:15:55.600 --> 0:15:58.400 for any meetings. He's ready to meet his president putting 0:15:58.440 --> 0:16:01.200 he's ready to meet in any form at And we 0:16:01.400 --> 0:16:05.040 have been asking for all the formats, Normandy and others 0:16:05.640 --> 0:16:08.360 to be as active as possible. Would you be ground 0:16:08.440 --> 0:16:14.560 on MENSK. We also requested that you have to participate more, 0:16:14.720 --> 0:16:17.680 to to participate in any formats, to be more active, 0:16:17.720 --> 0:16:19.720 and we see it alrighty if you if you go 0:16:19.840 --> 0:16:23.400 back to the beginning of last year, there were discussions, 0:16:23.600 --> 0:16:25.600 you know, and we always said that we would want 0:16:25.680 --> 0:16:28.800 an active participation of the United States in any type 0:16:28.800 --> 0:16:32.360 of formats to to resolve the situation and return peace 0:16:32.400 --> 0:16:35.000 to Ukraine. So we're very happy that you ask is 0:16:35.120 --> 0:16:37.520 very active on a on a diplomatic scene as one 0:16:37.560 --> 0:16:41.280 of the leaders of this process. But on the Minska Chords, 0:16:41.320 --> 0:16:46.800 I mean again, regardless of uh what you know, we 0:16:47.360 --> 0:16:53.160 Ukrainians are very flexible in how we can reach the 0:16:53.240 --> 0:16:57.120 peace if it doesn't cross the redlines. So there are 0:16:57.440 --> 0:17:00.880 some strategic things for us. We will never give up 0:17:00.920 --> 0:17:03.080 on our sovereignty, we will never give up on our 0:17:03.200 --> 0:17:06.040 territorial integrity, we will never give up on our EU 0:17:06.119 --> 0:17:10.960 Atlantic aspirations. But how to bring peace and how to 0:17:11.200 --> 0:17:14.840 stop the ceasefire we are ready to discuss because for us, 0:17:14.880 --> 0:17:18.080 again we are prepared to defend our country, but unlike 0:17:18.200 --> 0:17:21.080 Mr putin the value each of our soldiers and each 0:17:21.119 --> 0:17:24.120 of our civilians, so we would like to averd the war. 0:17:24.560 --> 0:17:27.879 Your counterpart in the United Kingdom use that word flexible 0:17:28.160 --> 0:17:31.040 recently in an interview, but he said flexibility when it 0:17:31.119 --> 0:17:34.920 comes to maybe joining NATO or not. Then that was 0:17:35.000 --> 0:17:39.679 walked back. Do you think that potentially could be an 0:17:39.760 --> 0:17:44.320 agreement of Ukraine potentially being more flexible on its ambitions 0:17:44.400 --> 0:17:49.119 to join NATA. No, and our president and our Minister 0:17:49.240 --> 0:17:54.880 of Foreign Affairs have been very clear that our aspirations 0:17:54.920 --> 0:17:58.680 to join NATAL is not only a firm belief of 0:17:58.760 --> 0:18:02.680 our political leaders, it's also what the majority of Ukrainians want, 0:18:03.119 --> 0:18:06.040 and it's also written in our constitution. What do you 0:18:06.080 --> 0:18:09.800 think at this moment could be the diplomatic path that 0:18:09.920 --> 0:18:13.600 could potentially save face for President Puttin on a global 0:18:13.720 --> 0:18:18.359 stage that Ukraine would be willing to accept. Look, I 0:18:18.440 --> 0:18:22.800 cannot speculate what it will take for President Puttin to 0:18:23.600 --> 0:18:27.120 stop the aggression, but we have to be very clear here. 0:18:27.520 --> 0:18:30.560 Ukraine is a peaceful country. We never attacked anyone who 0:18:30.600 --> 0:18:34.160 never attacked Russia. We do not plan any offensives. It's 0:18:34.240 --> 0:18:37.199 Russia who's the aggressor here. It's them who attacked us 0:18:37.240 --> 0:18:41.080 into thousand fra Kin. It's them who amassed troops around 0:18:41.160 --> 0:18:46.400 the Boder, And you know, challenge not only the situation 0:18:46.520 --> 0:18:50.280 in Ukraine. You know, let's call a spade a spade here. 0:18:50.960 --> 0:18:54.440 Russia has created a security crisis in Europe. It's not 0:18:54.640 --> 0:18:59.480 only problem for Ukraine. So you know, whatever it takes. 0:18:59.680 --> 0:19:03.440 I think in Ukraine has shown numerous times that despite 0:19:03.480 --> 0:19:07.320 the fact that it was us who was attacked here, 0:19:07.880 --> 0:19:10.480 we are ready to engage in diplomatic discussions and we 0:19:10.520 --> 0:19:13.560 are ready to find the solution. Now again, having said that, 0:19:14.240 --> 0:19:18.480 without discussing I was sovereignty, our thorough integrity, your red line, 0:19:18.800 --> 0:19:22.320 our Atlantes, and that was Ukraine's ambassador to the United States, 0:19:22.359 --> 0:19:26.040 Oxana Makarova, speaking with Bloomberg's Emrie Hordern about the current 0:19:26.240 --> 0:19:29.119 standoff with Russia. And you can catch more of that 0:19:29.240 --> 0:19:34.600 conversation online at Bloomberg dot com on helps this morning 0:19:34.680 --> 0:19:38.600 for future talks next week between a Secretary of State 0:19:38.680 --> 0:19:42.800 b Lincoln and Russian Foreign Minister Lavrov. Futures are moving higher. 0:19:42.960 --> 0:19:45.240 We have SMP futures up twenty two points, now, DAT 0:19:45.240 --> 0:19:48.920 futures up eight, NASTAC futures on the rise by a 0:19:49.040 --> 0:19:52.080 hundred one points. The tenure treasury is down three thirty seconds, 0:19:52.119 --> 0:19:55.760 the yield one. We'll have much more on geopolitics hitting 0:19:55.760 --> 0:19:59.200 the markets, plus earnings from Roku and a dubious distinction 0:19:59.320 --> 0:20:01.560 for metap platforms as we check the five things you 0:20:01.640 --> 0:20:03.760 need to know to start your day just ahead on 0:20:03.840 --> 0:20:08.240 Bloomberg Daybreak. All right, thanks Nathan. You need to know 0:20:08.400 --> 0:20:10.800 we have a wind advisory a fact through ten o'clock 0:20:10.840 --> 0:20:14.240 this wearing showers ending early clearing the Sanfao windy temperature 0:20:14.320 --> 0:20:17.200 of ball through much of the day today. You're listening 0:20:17.240 --> 0:20:24.480 to Bloomberg day Break, broadcasting live from the Bloomberg Interactive 0:20:24.520 --> 0:20:28.360 Broker Studio in New York, Bloomberg E Living Freedom to Washington, 0:20:28.480 --> 0:20:32.280 d C, Bloomberg one to Boston, Bloomberg one O six 0:20:32.400 --> 0:20:35.560 one does San Francisco, Bloomberg nine sixty to the country, 0:20:35.680 --> 0:20:38.679 Sirius XM to the one ninet and around the globe, 0:20:38.800 --> 0:20:42.240 the Bloomberg Business apt and Bloomberg Radio dot Com. This 0:20:42.720 --> 0:20:51.640 is Bloomberg Daybreak. It's six thirty on Wall Street. Good morning. 0:20:51.680 --> 0:20:54.640 I'm Nathan Hagger and I'm Karen Moscow. We're just about 0:20:54.720 --> 0:20:57.200 three hours away from the open of US trading. Time 0:20:57.240 --> 0:20:59.520 for the five things you need to notice start your day. 0:20:59.560 --> 0:21:02.320 Brought to you by I v k R Investment Advisers 0:21:02.320 --> 0:21:05.760 switched to interactive brokers for lowest cost global trading and 0:21:05.880 --> 0:21:09.600 turnkey custody solutions, no ticket charges and no conflicts of 0:21:09.680 --> 0:21:12.159 your interests at ibk R dot com slash r i 0:21:12.400 --> 0:21:16.920 A first. Stocks are rising this morning despite ongoing geopolitical tensions. 0:21:17.160 --> 0:21:19.720 Sentiment is getting a boost from word of plan talks 0:21:19.760 --> 0:21:23.520 between the US and Russia. Russian foreign Minister Sergei Lavrov 0:21:23.600 --> 0:21:25.960 has agreed to meet Secretary of St. Anthony B. Lincoln 0:21:26.040 --> 0:21:28.480 in Europe next week, we caught up with former UN 0:21:28.520 --> 0:21:32.920 Ambassador Thomas Pickering. I have that bad feeling in my 0:21:33.080 --> 0:21:35.800 gut and will have it until a week begin to 0:21:35.920 --> 0:21:40.399 see something that is more than declarations, which begins to 0:21:40.520 --> 0:21:45.600 move us away from confrontation and towards a workout. Former 0:21:45.680 --> 0:21:48.960 UN Ambassador Thomas Pickering spoke at our Washington corresponded Joe 0:21:49.040 --> 0:21:51.919 Matthew on Bloomberg Sound on Catch the program weekdays at 0:21:51.920 --> 0:21:54.600 five pm Eastern on Bloomberg Radio. Well, it's not just 0:21:54.720 --> 0:21:57.639 geopolitical concerns. Care in the prospect of interest rate hikes 0:21:57.720 --> 0:22:01.080 to tame red hot inflation has also contributed to the 0:22:01.160 --> 0:22:04.120 recent sell off. St. Louis FED President Jim Bullard says 0:22:04.200 --> 0:22:06.960 bringing down inflation may require the Central Bank to do more. 0:22:07.119 --> 0:22:10.520 He thinks officials may need to overshoot the neutral target 0:22:10.560 --> 0:22:13.760 interest rate, which he sees at around two percent. Investors 0:22:13.800 --> 0:22:17.159 have also been slamming stocks on earnings misses and Nathan 0:22:17.240 --> 0:22:20.200 In fact, Meta Platforms, the parent of Facebook, is tumbled 0:22:20.200 --> 0:22:23.040 out of the world's ten largest companies by market value 0:22:23.440 --> 0:22:26.360 that has been hammered by its worst monthly decline ever. 0:22:26.680 --> 0:22:28.920 And you want to talk about getting hammered, Karen shares 0:22:28.960 --> 0:22:32.640 of Roku this morning, or down nearly cent in early 0:22:32.680 --> 0:22:35.000 trading thanks to an earnings miss. We get the details 0:22:35.080 --> 0:22:38.400 on that from Bloomberg's Lisa Mateo. The streaming video platform 0:22:38.440 --> 0:22:41.800 company reported fourth quarter revenue and issued a first quarter 0:22:41.920 --> 0:22:45.800 sales forecast that both fell short of analysts estimates. The 0:22:45.880 --> 0:22:49.440 company's chief financial officers said supply chain disruptions were a 0:22:49.520 --> 0:22:52.320 headwind for the company. Roku was one of the stay 0:22:52.359 --> 0:22:55.520 at home winners during the pandemic. It's stocking nearly one 0:22:55.960 --> 0:22:59.680 and fifty percent in twenty as Covid accelerated the shift 0:23:00.200 --> 0:23:05.000 streaming video among consumers. Lisa Matteo, Bloomberg Daybreak, Lisa, thank you, 0:23:05.119 --> 0:23:07.439