WEBVTT - Bloomberg Daybreak: September 12, 2022 - Hour 1 (Radio) 0:00:01.440 --> 0:00:05.000 Client from the Bloomberg Interactive Burger Studios. This is Bloomberg 0:00:05.040 --> 0:00:09.000 Daybreak for Monday, September twelve two. Coming up this hour, 0:00:09.280 --> 0:00:14.000 promising signs for Ukraine as military forces retake Keith Territory 0:00:14.080 --> 0:00:16.960 from Russia. The UK enters a week of mourning as 0:00:16.960 --> 0:00:20.080 the public prepares to pay respect to Queen Elizabeth. And 0:00:20.160 --> 0:00:23.240 on Wall Street, It's all about inflation? Is traders await 0:00:23.280 --> 0:00:26.520 the next greeting on consumer prices? The New York police 0:00:26.520 --> 0:00:29.920 officer was killed while heading to nine eleven ceremonies, Plus 0:00:29.920 --> 0:00:32.960 the sentencing phase continues for the Parkland High School shooter. 0:00:33.040 --> 0:00:36.160 I'm Michael Barr. More ahead, I'm John stash Own Sports 0:00:36.200 --> 0:00:38.320 A thrilling season open and went for the Giants. The 0:00:38.440 --> 0:00:41.240 Jets lost the Mets and Yankees one on Carlos Alcarez 0:00:41.320 --> 0:00:45.839 one of the US Open. That's all train ahead on 0:00:45.960 --> 0:00:51.600 Bloomberg Daybreak on Bloomberg eleven, TREEO, New York, Bloomberg nine one, Washington, 0:00:51.720 --> 0:00:55.840 d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, 0:00:55.840 --> 0:00:59.640 San Francisco, Sirius x AM one nine Team and around 0:00:59.640 --> 0:01:02.360 the World Old on Bloomberg Radio dot Com and via 0:01:02.440 --> 0:01:09.840 The Bloomberg Business. Good morning, I'm Nathan Hagar and I'm Karen. 0:01:09.880 --> 0:01:13.240 Moscow US dock index futures on the rise this morning. 0:01:13.280 --> 0:01:15.119 We are coming up to six o one on Wall Street, 0:01:15.160 --> 0:01:17.240 and we checked the markets every fifteen minutes throughout the 0:01:17.240 --> 0:01:20.759 trading day. On Bloomberg SMP futures up twenty points down 0:01:20.800 --> 0:01:24.440 futures of a hundred sixteen and NASDAG futures up sixty nine. 0:01:24.520 --> 0:01:26.800 The docks in Germany's up one and a half percent. 0:01:27.080 --> 0:01:29.360 Ten your treasury of three thirty seconds, you have three 0:01:29.360 --> 0:01:31.600 point to nine percent, and they yield on the two 0:01:31.680 --> 0:01:34.920 year three point five three percent and nine Next. Scrude 0:01:34.959 --> 0:01:37.679 oil is at eighty seven dollars fifty two cents of barrel, 0:01:37.760 --> 0:01:40.400 up eight tenths of upper cent. Nathan, Karen, we begin 0:01:40.480 --> 0:01:42.800 today in Ukraine. It's been more than two hundred days 0:01:42.800 --> 0:01:45.399 since Russia invaded the country, and now we're seeing promising 0:01:45.440 --> 0:01:48.400 signs for Ukraine as the country's military advances in the 0:01:48.400 --> 0:01:52.120 east and retakes some key territories. Bloomberg's Amy Morris has 0:01:52.160 --> 0:01:55.520 the latest from our ninety one newsroom in Washington. Nathan, 0:01:55.640 --> 0:01:59.760 unconfirmed reports overnight suggests the Ukrainian troops have retaken towns 0:01:59.800 --> 0:02:02.720 in and around the Kharkiv region, not far from the 0:02:02.800 --> 0:02:06.560 Russia Ukraine border. Ukraine's top commander says they've returned about 0:02:06.600 --> 0:02:11.040 three thousand square kilometers of lost territory back to Ukrainian control. 0:02:11.280 --> 0:02:14.040 Russia's Defense ministry published a map showing that much of 0:02:14.080 --> 0:02:16.519 the country's forces are out of the Kharkiv region now, 0:02:16.760 --> 0:02:19.880 but they didn't comment further. Military experts tell Bloomberg News 0:02:20.160 --> 0:02:23.480 Ukraine should watch for an unexpected reaction from Vladimir Putin 0:02:23.840 --> 0:02:27.200 in Washington. I'm anymore as Bloomberg daybreak. All right, Amy, 0:02:27.240 --> 0:02:29.720 thank you. Returned to the UK now, where the nation 0:02:29.760 --> 0:02:32.400 continues its period of mourning and the wake of Queen 0:02:32.400 --> 0:02:36.239 Elizabeth's death. King Charles has just wrapped up remarks in Westminster, 0:02:36.560 --> 0:02:39.959 where political leaders are gathered to offer condolences. Now the 0:02:40.040 --> 0:02:43.480 Queen lies in state for twenty four hours in Edinburgh, Scotland, 0:02:43.520 --> 0:02:46.399 where the public will pay their respects before she's moved 0:02:46.440 --> 0:02:49.120 to London. Bloomberg S Lizzie Burden has more details from 0:02:49.200 --> 0:02:53.480 Buckingham Palace to Glorgy lining up to pay their respects. 0:02:53.480 --> 0:02:55.960 They have been since before the sun even came up 0:02:56.000 --> 0:02:59.000 just to take a quiet moment of reflection. The King 0:02:59.400 --> 0:03:02.320 Charles Third over the weekend. Of course, he formally took 0:03:02.360 --> 0:03:05.320 the throne trust swore allegiance to him in the last 0:03:05.320 --> 0:03:08.120 Prime Minister do do that was Winston Churchill. For the 0:03:08.160 --> 0:03:09.680 rest of the week as well as she's going to 0:03:09.720 --> 0:03:13.360 accompany him on a tour of Britain. Tomorrow, the Coffin 0:03:13.520 --> 0:03:16.919 will return here to Buckingham Palace and then from Wednesday 0:03:16.960 --> 0:03:20.360 until the funeral, now confirmed for September nineteenth, the Queen 0:03:20.360 --> 0:03:23.600 will lie in state at Westminster Hall, Bloomberg's Lizzie Burden 0:03:23.639 --> 0:03:26.399 at Buckingham Palace, says. The Queen's funeral will be held 0:03:26.440 --> 0:03:29.960 at Westminter Abbey one week from today, and President Biden 0:03:30.000 --> 0:03:32.440 will attend the Queen's funeral next week. Karen back in 0:03:32.480 --> 0:03:34.640 the US, though it was a somber weekend for the 0:03:34.639 --> 0:03:37.560 White House, politics hit the pause button Sunday as we 0:03:37.640 --> 0:03:40.200 marked twenty one years since the attacks of nine eleven. 0:03:40.520 --> 0:03:43.520 President Biden used the event of our vigilance against future 0:03:43.640 --> 0:03:47.080 terror threats in remarks made at the Pentagon. What was destroyed, 0:03:47.840 --> 0:03:53.279 we have repaired, what was threatened, We fortified what was attacked, 0:03:53.560 --> 0:03:58.400 the indomitable Spirit has never ever wavered. President Biden later 0:03:58.400 --> 0:04:00.920 wreath at the Pentagon that's become a tradition for US 0:04:00.960 --> 0:04:04.080 presidents on the anniversary of nine eleven. Well, as we 0:04:04.120 --> 0:04:07.480 emerge from the somber weekend, Nathan President Biden faces a 0:04:07.520 --> 0:04:11.280 possible labor crisis that threatens to shock supply chains across 0:04:11.280 --> 0:04:14.320 the country. US railroad workers are threatening a strike, and 0:04:14.360 --> 0:04:17.320 we get a details from Bloomberg's Lisa Mateo. Tens of 0:04:17.360 --> 0:04:20.200 thousands of US rail workers could be on strike by 0:04:20.240 --> 0:04:23.240 the end of this week. Their warning of potential disruptions 0:04:23.240 --> 0:04:27.000 as soon as today. Negotiations have been challenging and ongoing 0:04:27.040 --> 0:04:30.120 for more than two years. Current rail labor contracts are 0:04:30.200 --> 0:04:34.320 frozen at levels, and the White House is urging negotiators 0:04:34.360 --> 0:04:37.640 to continue talks throughout the week. According to rail officials, 0:04:37.640 --> 0:04:42.240 a strike could snarl supply chains, disrupt agricultural deliveries, and 0:04:42.320 --> 0:04:45.560 cost the US economy more than two billion dollars a day. 0:04:45.880 --> 0:04:49.520 In New York, I'm Lisa Mateo Bloomberg Daybreak. Thanks Lisa. 0:04:49.640 --> 0:04:52.679 As inflation sees workers fight for higher wages, it also 0:04:52.720 --> 0:04:55.320 remains front and center on Wall Street. Janet Yellen came 0:04:55.320 --> 0:04:58.120 out to address the matter this weekend. The Treasury Secretary 0:04:58.160 --> 0:05:00.680 tells CNN she is hopeful to FED and bring down 0:05:00.680 --> 0:05:04.040 prices without sending the U s economy into recession. The 0:05:04.040 --> 0:05:07.240 FIT is going to need great skill and also some 0:05:07.320 --> 0:05:11.599 good look to achieve what we sometimes call a soft landing, 0:05:12.040 --> 0:05:16.600 which is bringing inflation down while maintaining the strength of 0:05:16.640 --> 0:05:20.479 the labor market. And um, my hope, I believe there 0:05:20.600 --> 0:05:24.360 is a path to accomplishing that, and my hope is 0:05:24.800 --> 0:05:28.239 that we will achieve a soft landing. Jenny Gellan says 0:05:28.279 --> 0:05:30.840 taming inflation is the main priority for the FEED and 0:05:30.880 --> 0:05:33.320 that the US can't have a strong labor market if 0:05:33.360 --> 0:05:36.080 prices remain high. Well, Nathan, we won't have to wait 0:05:36.120 --> 0:05:39.719 long for the next reading on inflation consumer prices headline 0:05:39.720 --> 0:05:42.039 the list of economic data on tap this week. We 0:05:42.080 --> 0:05:44.800 get that reading tomorrow. I'm Bloomberg Schress. Condon says it 0:05:44.839 --> 0:05:47.680 will be key for the FANS next meeting. There's still 0:05:47.680 --> 0:05:50.599 ten days to go before this meeting, but we're gonna 0:05:50.640 --> 0:05:52.960 get a lot of data this week, So a FT 0:05:53.040 --> 0:05:57.400 is going to want to not by seventy basis points 0:05:57.480 --> 0:06:00.800 as they seem to have signaled to the markets. Then 0:06:00.839 --> 0:06:03.760 they're going to have to change that signal by the 0:06:03.880 --> 0:06:05.640 end of the week, and of course that will be 0:06:05.839 --> 0:06:09.640 data dependent. Bloombergs Gress Condom says CPI data is not 0:06:09.760 --> 0:06:12.400 the only key indicator this week. The FED will also 0:06:12.440 --> 0:06:15.720 be looking at readings on producer prices and retail sales. Well, 0:06:15.720 --> 0:06:18.280 we're seeing the dollar week and sharply this morning, Karen, 0:06:18.320 --> 0:06:20.599 and that's giving a lift to the euro and the pound. 0:06:20.880 --> 0:06:23.240 It also gave a boost to stocks in Asia overnight. 0:06:23.240 --> 0:06:26.400 Bloomberg's Juliette Sally joins us from Sydney, Australia with the 0:06:26.400 --> 0:06:29.360 details to Morning, Juliet, Good morning, Nathan, and Karen. Semi 0:06:29.360 --> 0:06:32.200 conductor stocks led the games, t SMC, rising more than 0:06:32.240 --> 0:06:35.960 three percent in Taipei, boosting Taiwan's gage after August sales 0:06:36.040 --> 0:06:39.000 rose fifty from a year ago, and routers reported the 0:06:39.080 --> 0:06:43.040 US plans to broaden curbs on chip shipments to China, reopening. 0:06:43.080 --> 0:06:45.839 Stocks in Japan gained after FNN and The Again News 0:06:45.920 --> 0:06:49.200 reported the nation may soon ease travel curbs and scrap 0:06:49.279 --> 0:06:52.320 daily passenger cabs. Australia as a sex two hundred grows 0:06:52.320 --> 0:06:54.760 more than one percent in Sydney, and markets were closed 0:06:54.760 --> 0:06:57.320 for a holiday in China, Hong Kong and South Korea. 0:06:57.760 --> 0:07:01.359 In Sydney, Juliette Sally Bloomberg deeper all right, Juliet, thank you. 0:07:01.520 --> 0:07:04.360 SMP futures up nineteen points. Dal Future is up a 0:07:04.400 --> 0:07:07.480 hundred twenty. Nasdaq futures are higher by sixty four points. 0:07:07.680 --> 0:07:10.080 The tenure Treasury is up three thirty seconds. The old 0:07:10.160 --> 0:07:12.280 three point to nine percent yield on the two year, 0:07:12.680 --> 0:07:16.480 three point five three. Straight ahead, your latest local headlines, 0:07:16.560 --> 0:07:23.600 and a check of sports. This is Bloomberg at Sound 0:07:23.640 --> 0:07:25.880 six oh seven on Wall Street. We're sixty nine degrees 0:07:25.920 --> 0:07:29.360 in Central PARKO f in on those accidents on northbound 0:07:29.360 --> 0:07:31.320 FDR driving the upper East sign and just a few minutes. 0:07:31.360 --> 0:07:33.880 First up, Michael Barr has more on what's going on 0:07:33.920 --> 0:07:35.760 in New York and around the world. Good morning, Michael, 0:07:35.800 --> 0:07:38.840 Good morning. Nathan, a New York Port Authority police officer, 0:07:38.960 --> 0:07:42.440 was killed yesterday while heading to a nine eleven ceremony. 0:07:42.760 --> 0:07:46.320 Anthony Vavarro from Staaten Island, was heading to serve the 0:07:46.360 --> 0:07:49.280 World Trade Center Command on Sunday morning when he was 0:07:49.360 --> 0:07:52.520 killed in a car crash near the Holland Tunnel Vavaro 0:07:52.640 --> 0:07:56.160 voluntarily retired as a pitcher from Major League Baseball to 0:07:56.240 --> 0:07:59.239 join the Port Authority only a few days later. Anthony 0:07:59.320 --> 0:08:03.000 Vavarro was at seven years old. The trial resumes today 0:08:03.000 --> 0:08:05.520 in the sentencing phase of the Parkland High School shooter 0:08:05.920 --> 0:08:09.120 Nicholas Cruz, who is twenty three years old, pleaded guilty 0:08:09.120 --> 0:08:14.120 in October to attack that killed seventeen students and staff members. 0:08:14.400 --> 0:08:16.760 The jury will decide where the Cruise will be sentenced 0:08:16.760 --> 0:08:20.360 to death or life without parole. China confirmed that Shi 0:08:20.480 --> 0:08:23.480 Jing Pinging plans to travel to Central Asia this week, 0:08:24.040 --> 0:08:27.280 what would be the president's first trip abroad since the 0:08:27.280 --> 0:08:31.640 pandemic hit more than two years ago. In Madeira County, California, 0:08:31.800 --> 0:08:36.040 officials are now saying the fork fire is contained. Chris 0:08:36.040 --> 0:08:38.520 Hamilton's and her husband Rick have been lucky so far 0:08:38.760 --> 0:08:41.640 and their house has remained unharmed, But Chris Hamilton's says 0:08:42.000 --> 0:08:44.840 one of their friends hasn't been as fortunate. One of 0:08:44.880 --> 0:08:47.600 the gentlemen that helps many of us up here with 0:08:47.640 --> 0:08:50.840 our yards, he did loose his house. It's just heartbreaking. 0:08:50.920 --> 0:08:53.080 What I know, there's nothing you can say that makes 0:08:53.120 --> 0:08:56.440 it better. Um, because we've been there. They'll go through 0:08:56.440 --> 0:08:59.920 the motions and do the best they can. The fires 0:09:00.000 --> 0:09:03.040 o far is consuming at least twenty eight structures and 0:09:03.160 --> 0:09:07.400 fifteen outbuildings. We reached the halfway date of the Atlantic 0:09:07.480 --> 0:09:11.040 hurricane season. It was supposed to be an above average 0:09:11.120 --> 0:09:14.320 year for storms, but for now, experts say the odds 0:09:14.320 --> 0:09:17.920 of the quiet season are increasing with each passing day. 0:09:18.360 --> 0:09:22.079 Last spring, federal forecasters predicted as many as twenty one 0:09:22.160 --> 0:09:25.720 named storms, including three to six major hurricanes. The seventy 0:09:25.760 --> 0:09:36.480 four annual Emmy Awards take place tonight. One show nominated Netflix, 0:09:36.760 --> 0:09:40.320 Squid Game, is the first non English speaking show to 0:09:40.320 --> 0:09:44.439 be nominated in the Outstanding Drama category. Global News twenty 0:09:44.440 --> 0:09:46.920 four hours a day on air and on Bloomberg Quick Take, 0:09:46.960 --> 0:09:49.880 powered by more than twenty seven hundred journalists and analysts 0:09:50.160 --> 0:09:52.400 and more than a hundred twenty countries. I'm Michael Barr, 0:09:52.440 --> 0:09:55.200 Red Light. This is Bloomberg, Nathan. The votes are already in. 0:09:55.280 --> 0:10:03.240 Michael stopped trying to sway. Thank you on the sixth 0:10:03.240 --> 0:10:05.400 cent on Wall Street. Time for the Bloomberg Sports Update. 0:10:05.480 --> 0:10:08.400 Here s thanks, Nathan. Giants fans are happy. Not only 0:10:08.440 --> 0:10:11.200 were their first season opening wins since two thousand and sixteen, 0:10:11.200 --> 0:10:14.960 only their second since, but stay kwon. Barkley is back 0:10:15.080 --> 0:10:18.800 clearly now healthy, and Barkley was sensational on the Giants 0:10:18.840 --> 0:10:21.480 thrilling and come from behind twenty one to twenty win 0:10:21.520 --> 0:10:24.000 at Tennessee. Had a hundred and sixty four yards and 0:10:24.120 --> 0:10:26.240 just over a minute left, the Giants squarting a parent 0:10:26.559 --> 0:10:30.000 game tying touchdown, but new coach Brian Dabo rolled the 0:10:30.000 --> 0:10:33.360 dice went for two. Giants converted on a shovel pass 0:10:33.400 --> 0:10:35.840 to Barkley. They won the game when the Titans missed 0:10:35.840 --> 0:10:38.080 the forty seven yard field goal. Jets so said. Baltimore 0:10:38.080 --> 0:10:40.280 had eleven more first Towns had a hundred more yards 0:10:40.280 --> 0:10:43.360 of offense, but Lamar Jackson three touchdown passes and the 0:10:43.440 --> 0:10:46.360 Ravens won twenty four to nine. A wild week one, 0:10:46.480 --> 0:10:49.040 especially the early games that saw to go over time. 0:10:49.080 --> 0:10:52.400 The Colts and Texans ended the tie. Indie came from 0:10:52.400 --> 0:10:55.680 seventeen down on the fourth quarter. Pittsburgh wont at Cincinnati 0:10:55.720 --> 0:10:57.600 on a fifty three yard field goal at the end 0:10:57.600 --> 0:11:00.240 of ot The Bengals needed only an extra point point 0:11:00.520 --> 0:11:02.920 to win in regulation. They didn't get it. Cleveland and 0:11:02.960 --> 0:11:06.320 New Orleans both won on last second field goals that 0:11:06.480 --> 0:11:09.360 went over fifty yards. Yankees in much better shape in 0:11:09.360 --> 0:11:11.920 the al Eas after two weekend wins over Tampa Bay 0:11:12.240 --> 0:11:14.320 ten to three and then ten four to home runs 0:11:14.320 --> 0:11:17.160 for Glabor Torres, three run shot for Gihant, Carlos stanton 0:11:17.160 --> 0:11:20.280 Oswaldo Cabrera first homer of his career. It all happened 0:11:20.320 --> 0:11:22.120 in the first two winnings the met too one Saturday, 0:11:22.200 --> 0:11:24.560 eleven to three, one nine three in Miami and good 0:11:24.559 --> 0:11:27.280 news in Seattle. Atlanta loss in the ninth today and 0:11:27.280 --> 0:11:30.959 Albert Fouhole's career home run number six nineties seven moved 0:11:30.960 --> 0:11:33.520 in past Alex Rodriguez and now the fourth all time. 0:11:34.080 --> 0:11:37.000 Nineteen year old Carlos Alcarez won the US Open is 0:11:37.040 --> 0:11:39.480 now the youngest ever to be ranked number one in 0:11:39.520 --> 0:11:43.600 the world. John Stashward Bloomberg's forts, Nathan Okay, John Thanks 0:11:43.600 --> 0:11:46.160 SMP futures are up nineteen points down, futures up a 0:11:46.480 --> 0:11:50.040 DWY one NASDACK futures up sixty five points to tenure 0:11:50.040 --> 0:11:53.120 treasury is up to thirty seconds, the yield three point 0:11:53.200 --> 0:11:56.520 three zero percent. Just had the latest on Ukraine, with 0:11:56.640 --> 0:12:01.040 significant progress reported in the North. We'll get the latest 0:12:01.120 --> 0:12:08.600 with Bloomberg's Rosslyn matheson. This is Bloomberg, Bloomberg eleven three 0:12:08.600 --> 0:12:11.040 oh weather, few showers early, partly the mostly cloudy today 0:12:11.040 --> 0:12:13.440 with behind your eighty degrees. It will turn mostly sunny 0:12:13.440 --> 0:12:15.959 tomorrow afternoon lowe He's we'll keep it sunny with a 0:12:16.000 --> 0:12:18.800 high near eighty on Wednesday. Right now, clouds sixty nine 0:12:18.840 --> 0:12:24.839 in Central Park. Markets, headlines and breaking news twenty four 0:12:24.840 --> 0:12:27.920 hours a day at Bloomberg dot Com. A Bloomberg business 0:12:27.920 --> 0:12:38.000 Allen at Bloomberg Quick takes your Bloomberg business clash and 0:12:38.000 --> 0:12:41.040 I'm Karen Moscow and European stocks and US dock index 0:12:41.120 --> 0:12:44.440 futures are extending a rally, the dollar retreating as trader's been. 0:12:44.480 --> 0:12:47.520 Inflation is near a peak, even as policymakers ramp up 0:12:47.520 --> 0:12:50.680 hawkish rhetoric. We checked the markets every fifteen minutes throughout 0:12:50.720 --> 0:12:53.360 the trading day on Bloomberg. Right now, Western P futures 0:12:53.440 --> 0:12:56.439 up nineteen points down futures have a hundred seventeen, and 0:12:56.559 --> 0:12:59.720 NASTAG futures up sixty two. The decks in Germany's up 0:12:59.720 --> 0:13:02.000 one point six percent, The ten year treasury up to 0:13:02.160 --> 0:13:05.120 thirty seconds. You have three point three zero percent yield 0:13:05.160 --> 0:13:08.280 on the two year three point five four percent. Nine 0:13:08.400 --> 0:13:10.520 X screwed oil is up one percent or eighty five 0:13:10.559 --> 0:13:12.920 cents at eighty seven dollars, sixty four cents of barrel 0:13:13.160 --> 0:13:15.800 comic school is up four tenths percent or seven dollars 0:13:15.800 --> 0:13:18.800 at seventeen thirty five sixty an ounce. The euro one 0:13:18.800 --> 0:13:21.600 point one three seven against the dollar, British pound one 0:13:21.640 --> 0:13:24.280 point one is six six seven and the ends one 0:13:24.679 --> 0:13:27.400 two point eight four. And look at a bitcoin, it's 0:13:27.440 --> 0:13:30.760 up two percent at twenty two thousand, eighty dollars. As 0:13:30.760 --> 0:13:33.440 a Bloomberg business flash. Now here's Michael Barr with Moore 0:13:33.480 --> 0:13:36.120 on what's going on around the world. Michael Karen, thank 0:13:36.160 --> 0:13:39.120 you very much, King Charles the Third, as addressed lawmakers 0:13:39.120 --> 0:13:43.040 in Parliament, telling them I cannot but help feel the 0:13:43.120 --> 0:13:47.400 weight of history which surrounds us. I am deeply grateful 0:13:47.920 --> 0:13:52.160 for the addresses of condolens by the House of Lords 0:13:52.200 --> 0:13:57.320 and the House of Commons, which so touchingly encompass what's 0:13:57.320 --> 0:14:01.959 our late Sovereign, my beloved mother, the Queen meant to 0:14:02.040 --> 0:14:05.800 a soul. Queen Elizabeth's coffin is in Scotland today but 0:14:05.880 --> 0:14:09.640 will return to London tomorrow. Her funeral is scheduled for September. 0:14:10.760 --> 0:14:14.440 Ukrainian soldiers are taking back territory that had been controlled 0:14:14.440 --> 0:14:17.400 by Russia for several months as part of a swift 0:14:17.480 --> 0:14:21.480 counter offensive. The Ukrainians are claiming gains in the northeast 0:14:21.560 --> 0:14:24.720 and south of their nation. In football, the Giants won, 0:14:24.800 --> 0:14:27.720 the Jets lost to the Ravens. The Commanders won, the 0:14:27.760 --> 0:14:31.640 Patriots and forty Niners lost. In baseball, the Yankees and 0:14:31.680 --> 0:14:35.360 Mets won, the Nationals lost. The Red Sox beat the Orioles, 0:14:35.400 --> 0:14:39.200 one Zip, the A's and Giants one Global Neames twenty 0:14:39.200 --> 0:14:42.280 four hours a day on air and on Bloomberg Quick Tank, 0:14:42.600 --> 0:14:45.440 powered by more than twenty seven hundred journalist and analysts 0:14:45.520 --> 0:14:47.880 more than a hundred twenty countries. I'm Michael Barr, and 0:14:47.960 --> 0:14:50.520 this is Bloomberg Nathan. All right, Michael, thanks for coming 0:14:50.600 --> 0:14:52.600 up to six twenty on Wall Street Live from the 0:14:52.600 --> 0:14:56.520 Bloomberg Intractive Broker Studios. This is Bloomberg Daybreak, and let's 0:14:56.520 --> 0:14:59.480 get more now on the advances we're hearing out of Ukraine. 0:14:59.560 --> 0:15:03.640 Rosella Matheson joins, a Senior executive editor for International Government 0:15:03.880 --> 0:15:07.440 at Bloomberg News. Ros. Good morning, since we first heard 0:15:07.520 --> 0:15:11.200 about this counter offensive taking place by Ukrainian forces, the 0:15:11.240 --> 0:15:14.440 reports we're hearing about the progress that the military is 0:15:14.480 --> 0:15:18.440 making have been nothing short of remarkable. Well, that's right. 0:15:18.520 --> 0:15:21.800 The counter offensive seemed to have started off fairly slowly 0:15:21.840 --> 0:15:24.920 and cautiously, but just in the last three to four days, 0:15:24.920 --> 0:15:28.960 we've seen really astounding and rapid gains by the Ukrainian forces, 0:15:29.000 --> 0:15:32.560 particularly around Khakiv, and that's in the east of the country, 0:15:32.640 --> 0:15:35.080 in the dom Bas region, and that's where Russia, of 0:15:35.080 --> 0:15:38.200 course was very entrenched in the early days of the war. 0:15:38.280 --> 0:15:41.160 But we've seen them sweep through multiple villages and towns, 0:15:41.560 --> 0:15:43.840 pushing the Russians back out of the way at the 0:15:43.880 --> 0:15:47.040 same time and closer to the Russian border, and signs 0:15:47.080 --> 0:15:50.760 really of absolute chaos and disarray in the Russian ranks. 0:15:50.760 --> 0:15:54.640 Footage of tanks driving in way with fashion people. Russian 0:15:54.640 --> 0:15:57.720 troops essentially look like they're running to get back out 0:15:57.720 --> 0:15:59.680 of the way in a sense that they're abandoning their 0:15:59.720 --> 0:16:03.200 poe very quickly. And so it's actually moved much faster 0:16:03.320 --> 0:16:06.200 than people expected. Certainly it seems to have moved faster 0:16:06.240 --> 0:16:09.840 than even the Ukrainian commanders expected. And now it comes 0:16:09.840 --> 0:16:11.640 a question of do they need to keep pushing at 0:16:11.640 --> 0:16:14.360 the same speed, or do they really need to also 0:16:14.400 --> 0:16:16.920 slow down a bit and try and consolidate some of 0:16:16.960 --> 0:16:19.480 the games they've gotten. Because they've moved so fast, they 0:16:19.560 --> 0:16:23.840 perhaps risk stretching their own resources quite thainly in the process. 0:16:23.880 --> 0:16:26.520 But certainly very quick and rapid games we've seen just 0:16:26.560 --> 0:16:29.320 the last couple of days alone. It almost sounds like 0:16:29.400 --> 0:16:33.520 a repeat of the reports we heard when Russia tried 0:16:33.600 --> 0:16:38.040 to take over key of the capital. This idea that 0:16:38.360 --> 0:16:42.880 the Ukrainian defenses were so much stronger than the Russians 0:16:42.880 --> 0:16:47.520 apparently expected that many of them began to abandon their 0:16:47.560 --> 0:16:51.240 posts and almost collapse. Is that sort of a repeat 0:16:51.240 --> 0:16:53.520 of what we're seeing here and what could that mean 0:16:53.880 --> 0:16:58.120 for the Russian reaction? Well, certainly it's got to raise 0:16:58.160 --> 0:17:01.720 further questions about the the organization, structure and capability of 0:17:01.760 --> 0:17:04.520 the Russian military as a whole. As you say, in 0:17:04.560 --> 0:17:06.200 the early days of the war, they seemed to be 0:17:06.280 --> 0:17:09.119 the presumption, at least by Russia that within days may 0:17:09.200 --> 0:17:12.560 be in Kiev. This war would be very swift and decisive, 0:17:12.600 --> 0:17:14.840 And suddenly that's not the way it's turned out, And 0:17:14.920 --> 0:17:18.359 time and time again we've seen the Ukrainian forces really 0:17:18.359 --> 0:17:22.000 get the better of their Russian counterparts despite being smaller 0:17:22.000 --> 0:17:25.800 in size, ostensibly less better trained. Uh and again US 0:17:25.880 --> 0:17:28.520 now they've got better equipment than they did. But there 0:17:28.600 --> 0:17:30.720 was all this kind of conversation about how the Russian 0:17:30.760 --> 0:17:33.880 forces were so amazing before the war and certainly got 0:17:33.880 --> 0:17:36.239 to raise fundamental questions about where all that mudney went 0:17:36.320 --> 0:17:39.720 into that modernization of the Russian military and their training 0:17:39.760 --> 0:17:42.800 and command structure. But that aside, it's it's interesting to 0:17:42.840 --> 0:17:45.040 see how this resonates in Russia at the moment. What 0:17:45.080 --> 0:17:47.159 we're seeing is is the rhetory that this was a 0:17:47.200 --> 0:17:50.400 deliberate and planned withdrawal. It's an orderly withdrawal that's part 0:17:50.440 --> 0:17:53.960 of their overall tactics. Business as usual. From Russian president 0:17:54.040 --> 0:17:56.600 out and about in Moscow on the weekend, and he's 0:17:56.600 --> 0:18:00.400 off to see the Chinese president in Uzbekistan later this week. 0:18:00.480 --> 0:18:03.320 So suddenly they're trying to present the idea that nothing's 0:18:03.320 --> 0:18:05.920 are right here when clearly it is. Well, what about 0:18:05.960 --> 0:18:08.879 concern about those operation a nuclear plant. There's been a 0:18:08.960 --> 0:18:12.439 lot of reports of continued showing their risk of a 0:18:12.520 --> 0:18:18.440 nuclear accident is that concern still being felt on the ground. Well, 0:18:18.440 --> 0:18:21.960 certainly there's continued continued concern about that nuclear plant. It 0:18:22.080 --> 0:18:26.639 is fairly stable, despite fairly regular attacks in and around 0:18:26.640 --> 0:18:29.439 the plant and challenges to the power supply to it. 0:18:29.480 --> 0:18:31.720 But there are failed states and backups, and they seem 0:18:31.760 --> 0:18:34.439 to be working all right, and there are still a 0:18:34.480 --> 0:18:36.480 team from the I a e A on the ground. 0:18:36.480 --> 0:18:39.240 They're trying to keep things under control. That The question 0:18:39.280 --> 0:18:43.240 is also if this war really goes further wrong for 0:18:43.280 --> 0:18:46.720 the Russian administration and for the president Vladimir Putin, what 0:18:46.800 --> 0:18:50.760 are his options here? Does he become more ratic? Does 0:18:50.840 --> 0:18:54.439 he do something even more dangerous as a result. Is 0:18:54.440 --> 0:18:57.720 he feeling the pressure at home amongst his leadership? So 0:18:57.800 --> 0:18:59.760 what does that lead him to do? What kind of 0:18:59.800 --> 0:19:02.679 back does he take? He's already putting the squeeze on 0:19:02.680 --> 0:19:05.840 on you Europe. On the energy side, they've been blackouts 0:19:05.880 --> 0:19:07.560 in Ukraine in the ease the last couple of days, 0:19:07.560 --> 0:19:11.400 suggesting he will also use energy as a weapon in Ukraine. 0:19:11.440 --> 0:19:13.679 But what other kinds of things might he turn to 0:19:13.840 --> 0:19:17.080 depending on how much pressure he's feeling. I will continue 0:19:17.080 --> 0:19:20.400 following developments as we say, they are moving along rapidly 0:19:20.480 --> 0:19:25.600 here along with Ukraine's forces apparently. Rosalind Matheson are senior 0:19:25.600 --> 0:19:29.439 Executive editor for International Government at Bloomberg News, joining us 0:19:29.480 --> 0:19:32.119 live this morning. Ross, thanks as always for the update 0:19:32.160 --> 0:19:35.520 on what's happening in the war in Ukraine. Looking ahead 0:19:35.560 --> 0:19:38.159 to the market, open futures are on the rise on 0:19:38.200 --> 0:19:41.320 this Monday morning. S and P futures up nineteen points, 0:19:41.440 --> 0:19:44.960 Dow futures up on eighteen. NASTAC futures are higher by 0:19:45.040 --> 0:19:49.840 sixty one points. Germany's dacks gain of one point six percent, 0:19:50.280 --> 0:19:53.160 the tenure treasury up to thirty seconds the old three 0:19:53.160 --> 0:19:55.480 point three zero percent, the yield on the two year 0:19:56.040 --> 0:19:59.919 three point five four percent. Stay with us, you're les 0:20:00.000 --> 0:20:08.879 sing to Bloomberg Daybreak, Bloomberg eleven three oh. Whether it's 0:20:08.880 --> 0:20:11.720 gonna stay Probably mostly cloudy today with a higher eighty degrees, 0:20:11.760 --> 0:20:16.000 will turn mostly Sunday tomorrow afternoon, low eighties, sunshine higher 0:20:16.040 --> 0:20:19.320 eighty on Wednesday. Right now sixty nine degrees in Central Park. 0:20:25.080 --> 0:20:29.639 Bridcasting live from the Bloomberg Interactive Broker Studio in New York. 0:20:29.720 --> 0:20:33.120 Bloomberg e loving freed to Washington, d C. Bloomberg nine 0:20:33.280 --> 0:20:37.040 nine one to Boston, Bloomberg one six one to San Francisco, 0:20:37.119 --> 0:20:40.320 Bloomberg Home sixty to the Country Sirius XM to the 0:20:40.400 --> 0:20:43.280 one nine ten, and around the globe the Bloomberg Business 0:20:43.359 --> 0:20:47.400 app in Bloomberg Radio dot Com. This is Bloomberg Daybreak. 0:20:53.240 --> 0:20:55.600 It's six thirty on Wall Street. Good morning. I'm Nathan 0:20:55.640 --> 0:20:58.600 Hagar and I'm Karen Moscow, and we're just about three 0:20:58.680 --> 0:21:01.359 hours away from the of US trading time for the 0:21:01.359 --> 0:21:03.760 five things you need to notice. Start your day, and 0:21:03.800 --> 0:21:06.920 at first you begin in Ukraine, where the nation's military 0:21:07.080 --> 0:21:11.480 is making significant stripes, forcing Russian defenses back and retaking 0:21:11.520 --> 0:21:14.359 some key areas and marks one of the biggest successes 0:21:14.359 --> 0:21:19.160 for Ukraine since Moscow's invasion. Plumbers Roz Mathison says, Russian 0:21:19.160 --> 0:21:22.320 defenses appear caught on their heels. In the last few days. 0:21:22.320 --> 0:21:26.000 Has been really rapid progress, particularly in the east around Hakiev, 0:21:26.320 --> 0:21:29.720 going through towns very very quickly, pushing the Russian forces 0:21:29.760 --> 0:21:32.800 back closer to the Russian border. In fact, the departure 0:21:32.880 --> 0:21:35.720 by the Russians became so rapid it became quite chaotic. 0:21:36.240 --> 0:21:39.639 Stuff abandoned beside the road, tanks left troops running in 0:21:39.680 --> 0:21:42.760 all directions as certainly quite a sense of chaos on 0:21:42.800 --> 0:21:45.359 the Russian side of the speed with which the Ukrainians 0:21:45.359 --> 0:21:49.520 have pushed through these towns. Bloombergs Ros Madison says Ukraine 0:21:49.520 --> 0:21:54.359 believes it's recaptured about three thousand square kilometers of lost territory. Well, Karen, 0:21:54.440 --> 0:21:57.239 let's turn now to the UK, where morning continues for 0:21:57.320 --> 0:22:00.560 Queen Elizabeth. The second King Charles has wrapped the remarks 0:22:00.560 --> 0:22:03.640 of Westminster, where political leaders have gathered to offer their condolences, 0:22:03.640 --> 0:22:07.119 while the Queen lies in state in Edinburgh, Scotland before 0:22:07.119 --> 0:22:10.119 being moved to London. Bloomberg's Lizzie Burden has more from 0:22:10.119 --> 0:22:14.399 Buckingham Palace. Tomorrow the coffin will return here to Buckingham Palace, 0:22:14.760 --> 0:22:17.399 and then from Wednesday until the funeral now confirmed for 0:22:17.400 --> 0:22:20.960 September nineteenth, the Queen will lie in state at Westminster Hall. 0:22:21.400 --> 0:22:24.840 You've got some UK newspapers this morning estimating that as 0:22:24.880 --> 0:22:27.919 many as a million people will file past the coffin. 0:22:28.240 --> 0:22:31.119