Speaker 1: Live from the Bloomberg Interactive Brooker Studios. Is is is Bloomberg
Speaker 1: Daybreak for Monday, April eleventh coming up this hour. Ukraine
Speaker 1: expects Russia to whiten it's offensive this week, and Annuel
Speaker 1: mcrown is set to face his nationalist rival Marine La
Speaker 1: Penn in the final round of the French election. A
Speaker 1: surgeon Treasury yield sends ripples across global markets, and Twitter
Speaker 1: shares line for Elon Musk turns down a spot on
Speaker 1: the company's board. New York Mayor Eric Adams desks positive
Speaker 1: for COVID plus. The Biden administration plans to announce new
Speaker 1: rules today around ghost guns. I'm like La barn Or ahead,
Speaker 1: I'm John Stash toward sports losses for the Yankees and
Speaker 1: Matts wins with the Knicks and Nets, and Scottie Scheffler
Speaker 1: won the Masters. That's alls trendy head on Bloomberg Daybreak
Speaker 1: on Bloomberg eleven three on New York Bloomberg ninety nine one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Sirius XAM one nineteen and around the world.
Speaker 1: Then Bloomberg Radio dot Com and via the Bloomberg Business.
Speaker 1: Good morning, I'm Nathan Hagar and I'm Karen Moscow, and
Speaker 1: futures are falling to start the week. We're coming up
Speaker 1: to five oh one on Wall Street and we check
Speaker 1: the markets every fifteen minutes throughout the trading day. On Bloomberg.
Speaker 1: SNP futures down twenty five points this morning. Down Future
Speaker 1: is down ninety six Nasdack futures down one four. Ten
Speaker 1: year treasury down thirteen thirty seconds, yield two point seven
Speaker 1: five percent, and the yield on the two year two
Speaker 1: point five seven percent. Nieme X screwed oil is down
Speaker 1: two point four percent and ninety eight cents and barrel.
Speaker 1: Nathan well Karen will have more on the markets in
Speaker 1: a minute, but first the latest on the war in Ukraine.
Speaker 1: Austria's chancellor says he will meet with Russian President Vladimir
Speaker 1: Putin in Moscow today as the fighting intensifies in Ukraine's East.
Speaker 1: Ukraine says Russian missiles destroyed the airport in their fourth
Speaker 1: largest city, Denepro. President Vladimir Zelinski says he expects Russia
Speaker 1: to turn to even more large scale action this week.
Speaker 1: In an interview on CBS is sixty minutes. Correspondent Scott
Speaker 1: Pelly asked Zelenski what Ukraine needs from the US and
Speaker 1: NATO weapons Number One, They need to be very serious
Speaker 1: about it. They definitely understand what I'm talking about. Right now.
Speaker 1: They have to supply weapons to Ukraine as if they
Speaker 1: were defending themselves and their own people. Ukrainian President voladimir's
Speaker 1: Lensky spoke on CBS IS sixty minutes, which can be
Speaker 1: heard every Sunday on Bloomberg in Washington. Meanwhile, Nathan cries
Speaker 1: are growing louder around the world for Russia to face
Speaker 1: a war crimes tribunal. We get the story from Bloomberg's
Speaker 1: head Baxter n s A director Jake Sullivan says, it's
Speaker 1: gone beyond the pale. I think we can all say
Speaker 1: that these are mass atrocities, These are war crimes. These
Speaker 1: are shocking and brutal ax They are completely unacceptable, beyond
Speaker 1: the pale for the international community. Sullivan on ABC has
Speaker 1: heard here on Bloomberg, says they lead directly to Vladimir Poot.
Speaker 1: Make no mistake, the larger issue of broad scale war
Speaker 1: crimes and atrocities in Ukraine lies at the feet of
Speaker 1: the Kremlin, this as Ukraine expects a major Russian invasion
Speaker 1: of the East. In San Francisco, I'm at Baxter Bloomberg daybreak. Okay,
Speaker 1: thank you. Turning to politics, a runoff election is coming
Speaker 1: in the presidential race in France, President Emmanuel mccron will
Speaker 1: square off with nationalist Marine Lepan after a tight first
Speaker 1: round vote. We get more from Bloomberg's Francy Laqua in Paris.
Speaker 1: It's a rerun of the contest. According to first projections,
Speaker 1: mccoon got around twenty eight percent of the vote compared
Speaker 1: with about twenty four percent for Lebin in the first round.
Speaker 1: But mccon win is far from certain, as votes from
Speaker 1: trailing candidates such as John Hickman Chen may go to Lepin.
Speaker 1: While the presidents perceived arrogance turned off many voters and
Speaker 1: helped Lupin to frame him as a president for the rich,
Speaker 1: he's made France a favorite destination for foreign investors and
Speaker 1: pushed employment to the highest on record. In Paris, I'm
Speaker 1: Francine Laqua Bird day break. All right, Francy, and thank you.
Speaker 1: Another major story we are following involves the U S economy,
Speaker 1: the relentless rise of treasury yields continues to send waves
Speaker 1: through global markets. Tenure Yells climbed through two point seven
Speaker 1: five percent for the first time in more than three years.
Speaker 1: His investors price in the impact of the federal reserves
Speaker 1: tightening plan and accelerating inflation. Cleveland FED President Loretta Mester
Speaker 1: is confident the US will avoid a recession. I think
Speaker 1: that it will take some time to get inflation now because,
Speaker 1: as you know, there's other things going on in the
Speaker 1: economy that are adding to price pressures, including the commodity
Speaker 1: praise and increases and energy price increases that are happening
Speaker 1: um as well. So I think inflation will remain above
Speaker 1: two percent this year and even next year, but the
Speaker 1: trajectory will be that will be moving down. Cleveland FED
Speaker 1: President Loretta Mester made the comments on CBS is Face
Speaker 1: the Nation, which can be heard Sundays on Bloomberg Radio.
Speaker 1: And a major stories developing on the equity front. Karen
Speaker 1: It has shares of Twitter sliding five percent. Elon Musk
Speaker 1: has decided he's not joining the board of this social
Speaker 1: media company after all. Let's get the latest live from
Speaker 1: Bloomberg's rned A Young quite a turnaround, quite a turnaround, Nathan.
Speaker 1: It was just a week ago that Twitter soared more
Speaker 1: than after Eyolon Musk took his nine point two percent
Speaker 1: steak in the company. Twitter said shortly after that Musk
Speaker 1: would join the board, and the billionaire has been vocal
Speaker 1: about his changes that he'd like to see a Twitter
Speaker 1: in the name of free speech. But Musk's abrupt reversal
Speaker 1: in his decision to join the board ignites renewed speculation
Speaker 1: about his intentions for Twitter as its largest individual shareholder,
Speaker 1: and if he does not join the board, Musk would
Speaker 1: not be subject to an agreement to keep his steak
Speaker 1: at no more than fourteen point nine percent. Live in
Speaker 1: New York, I'm Ranita Young, Bloomberg day Break. All right, Granita,
Speaker 1: thank you all. Earnings will also be and focus this week,
Speaker 1: with the big banks kicking off reporting season for the
Speaker 1: first quarter. We get more from Bloomberg Shirley Pellad. Investors
Speaker 1: will learn how Wall Street fair last quarter amid heightened
Speaker 1: volatility stemming from the rush of Ukraine conflict and the
Speaker 1: focus saw on the federal reserves lightning path. Tony Dwyer
Speaker 1: is equity strategist at Cancord Genuity. It's gonna be a
Speaker 1: positive earning season. The commentary is going to be sketchy.
Speaker 1: It's going to create this volatility. JP Morgan Chase will
Speaker 1: be first out of the gate with earnings on Wednesday.
Speaker 1: Thursday gets very busy with reports from City Group, Wells Fargo, Goldman, Sacks,
Speaker 1: Morgan Stanley, and p MC in New York. Charlie Pellett
Speaker 1: Bloomberg Daybreak. Thanks Charlie. Turning to the pandemic now, COVID
Speaker 1: is back on the rise, driven by the b A
Speaker 1: two oh maicron subvariant. Infections are at their highest levels
Speaker 1: in about a month. White House Chief Medical Advisory Doctor
Speaker 1: Anthony Found. She says Americans will need to make their
Speaker 1: own risk assessments going forward. There will be a level
Speaker 1: of infection. This is not going to be eradicated and
Speaker 1: it's not going to be eliminated. And what's gonna happen
Speaker 1: is that we're going to see that each individual is
Speaker 1: going to have to make their calculation of the amount
Speaker 1: of risk that they want to take. Anthony Found. She
Speaker 1: made the comments on a VCS this week, which can
Speaker 1: be heard every Sunday right here on Bloomberg Radio. On
Speaker 1: this Monday Morning, Futures are pointing to a lower open
Speaker 1: with SMP futures now down twenty five points, nest DAK
Speaker 1: futures down a hundred forty six down futures lower by
Speaker 1: ninety four points. The tenure treasury is down thirteen thirty seconds,
Speaker 1: with the yield close to two point seven. Straight ahead
Speaker 1: your latest local headlines and a check of sports. This
Speaker 1: is Bloomberg. It's south five oh seven on Wall Street.
Speaker 1: Were forty one degrees in Central Park, starting off this
Speaker 1: morning with a sinkhole to get past, and Franklin Township
Speaker 1: will pitch you around that in traffic. Shortly. First, Michael
Speaker 1: Bars here with what else is going on in New
Speaker 1: York and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: New York City Mayor Eric Adams as tested positive for
Speaker 1: COVID nineteen. A spokesperson for the mayor says that Adams
Speaker 1: woke up with a raspy voice yesterday. Adams took a
Speaker 1: PCR test that came back positive. Mayor Adams was one
Speaker 1: of dozens of high profile politicians that tested positive after
Speaker 1: attending an elite gala in Washington, d C. Organizers of
Speaker 1: the grid Iron Dinner say that more than seventy cases
Speaker 1: could have been linked to that event. Doctor Eric Ash
Speaker 1: here where the Lenox Hill Hospital says the Mayor's infection
Speaker 1: is a reminder that the virus does not discriminate. Anybody
Speaker 1: is eligible to get COVID, and we just hope that
Speaker 1: the more folks that are vaccinated and boosted will have
Speaker 1: my older cases. Doctor Eric Asher Mayor Adams has no
Speaker 1: other symptoms, but has canceled all public events for the
Speaker 1: week and we'll be taking anti viral medications. The virus
Speaker 1: is also affecting Broadway again, with some shows having to
Speaker 1: cancel performances due to positive cases. The Marquee Stars a
Speaker 1: Plaza Suite tested positive for COVID, making it the third
Speaker 1: production to temporarily shut down because of new infections. People
Speaker 1: in Times Square had a scary moment last evening and
Speaker 1: started fleeing after a series of explosions. This first responder
Speaker 1: on broadcastify officials. It turns out a cable failure caused
Speaker 1: one man hole to erupt and a second man hole
Speaker 1: was smoking. No one was hurt in there was no
Speaker 1: property damage. Today, the Biden administration will announce changing for
Speaker 1: the first time since the Gun Control locked of nineteen
Speaker 1: sixty eight the definition of firearm. It comes as Senate
Speaker 1: Majority Leader Chuck Schumer says the Biden administration must immediately
Speaker 1: rein in ghost gun sales. The New York senators says
Speaker 1: ghost gun kids must be treated as firearms. The preference
Speaker 1: would be for Congress to pass a law, but we've
Speaker 1: tried and it's been blocked by our Republican colleagues. So
Speaker 1: we're now asking the administration to do this on its
Speaker 1: own through regulation. Someone will challenge it in court, but
Speaker 1: I think the law will stand. Schumer says. Sales of
Speaker 1: ghost guns are rising around the country. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalist and analyst
Speaker 1: more than a hundred twenty countries. Michael Barn This is Bloomberg. Nathan,
Speaker 1: Thanks Michael. Almost five ten on Wall Street time for
Speaker 1: the Bloomberg Sports Update and Morning John Shown, Good morning, Nathan.
Speaker 1: Scotty Scheffler began the year having never won a PGA tournament.
Speaker 1: For what a year he is having? For a three
Speaker 1: shot with Schef behind it, puts it and it's it
Speaker 1: and Scotty Scheffler hats one off the great starts to
Speaker 1: a year in Gulf history with his first major championship,
Speaker 1: but number one player in the world's won four times.
Speaker 1: It's three months and he's won the two Masters tournament
Speaker 1: at Master's Radio. Heard here on Bloomberg Radio. Rory mclroy
Speaker 1: started the day ten shots behind. He ended up second
Speaker 1: with a sixty four that tied the record for a
Speaker 1: Master's final around. McIlroy finished his round by holding out
Speaker 1: of the bunker for a birdie, and then his playing partner,
Speaker 1: Colin Morrikala did the same thing. Yankees and Matt's going
Speaker 1: for season opening sweeps, both lost. Yanks to leven on
Speaker 1: base with Bobby doll back homer to the sixth inning
Speaker 1: the Red stops one four to three. Amphorty Rizzo and
Speaker 1: Giant Carlos Kanton drove in the Yankee runs. Together, they've
Speaker 1: driven in ten of the yanks thirteen runs. Matts at
Speaker 1: a two one lead eighth then in Washington scored three times,
Speaker 1: one four to two, Nelson Cruise a first inning homer
Speaker 1: and later at two one single. Nick's closed out the
Speaker 1: season meeting Toronto at the Garden one oh five ninety
Speaker 1: four and I opening weekend for the Knicks. Obi Topping,
Speaker 1: always a fan favorite. Topping scored thirty five points on Friday,
Speaker 1: had forty two points last night. Nanuel quickly added thirty four.
Speaker 1: Nick finished the year thirty seven and forty five. That's
Speaker 1: got thirty five from Kyrie Irving been Indiana one thirty four,
Speaker 1: one twenty six. They went forty four and thirty eight.
Speaker 1: They'll host Cleveland tomorrow if the Nets win. They advanced
Speaker 1: to play Boston in the first round of the playoffs.
Speaker 1: John stash Allard Bloomberg Sports, didn't you thanks shown SMP
Speaker 1: future is lower by twenty five points right now toal
Speaker 1: futures down ninety four dance Stack futures leading the declines
Speaker 1: down a hundred seventy hundred forty four points. That's the
Speaker 1: drop of one percent ten your treasury yield two point
Speaker 1: seven four percent. Insights on the markets next with former
Speaker 1: Gartment letter publisher Dennis Gartman and Bloomberg. Day Break is
Speaker 1: brought to you by New Jersey Institute of Technology, ranked
Speaker 1: the top fifty national public university by US News and
Speaker 1: World Report, in top ten for best career placement among
Speaker 1: public schools by The Princeton Review. More at n j
Speaker 1: I T dot E d U markets headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot com,
Speaker 1: the Bloomberg Business at and at Bloomberg Quick Tape. He's
Speaker 1: a Bloomberg business lash and I'm caered. Moscow stocks and
Speaker 1: bonds falling as political and economic ranks away on sentiment.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg s and P futures down route twenty
Speaker 1: four points down, futures down eight ASDAG futures down on
Speaker 1: the decks in Germany's down three quarters of a percent.
Speaker 1: Ten year treasury down ten thirty seconds you two point
Speaker 1: seven four percent. They yield on the two year two
Speaker 1: point five six percent. Nimex crude oil is down two
Speaker 1: and a half percent on two dollars forty eight cents
Speaker 1: and nine seventy seven cents of barrel comic schools of
Speaker 1: nine ten percent or sixteen dollars ninety cents in nineteen
Speaker 1: sixty two. Twenty announced the euro one pot nine oh
Speaker 1: eight against the dollar, British bound one point three zero
Speaker 1: two six, the yen at one five point three nine,
Speaker 1: and Bitcoin this morning down two and a half percent
Speaker 1: at forty two thousand thirty dollars. And that's a Bloomberg
Speaker 1: Business flash. Now here's Michael Barr with Moore on what's
Speaker 1: going on around the world. Michael, good morning, Good morning, Karen.
Speaker 1: Austria's chancellor said he'll meet Russian President of Vladimir Putin
Speaker 1: in Moscow today. Meanwhile, Ukraine expects Russia widen it's offensive
Speaker 1: in the East this week as the war continues. U
Speaker 1: S Attorney in the Obama administration is being nominated by
Speaker 1: President Joe Biden to run the Bureau of Alcohol, Tobacco,
Speaker 1: Firearms and Explosives. That's according to several people familiar with
Speaker 1: the matter who spoke to the Associated Press. Today is
Speaker 1: anouncement of the nomination of Steve Develbach is expected as
Speaker 1: the Biden administration and aveils its formal rule to rain
Speaker 1: in ghost guns in golf. Scottie Scheffler has one of
Speaker 1: the masters. On the final day of the regular NBA season,
Speaker 1: the Nets nick Celtics and Warriors one. The Wizards lost
Speaker 1: in the NHL, The Capitol's Meat, the Bruins four two
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick take powered by more than twenty seven
Speaker 1: journalists and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael Barr, and this is Bloomberg. Nathan Okay, Michael. Thanks,
Speaker 1: It's five nineteen on Wall Street Live from the Bloomberg
Speaker 1: Interacted Broker Studios. This is Bloomberg Daybreak as we get
Speaker 1: set for a short but busy trading week. We're joined
Speaker 1: by Dennis Gartman, former publisher of the Gartman Letter, now
Speaker 1: Chairman of the University of Akron Endowment Investment Committee. Dennis,
Speaker 1: good morning. Seems like we're seeing some jitters in the market,
Speaker 1: with futures pointing lower and the ten year the benchmark
Speaker 1: flirting with the two point seven five percent handle. That's
Speaker 1: the highest and more than three years. What kind of
Speaker 1: ripple effect does that have on the market. Well, first
Speaker 1: of all, we have the markets are under pressure and
Speaker 1: are going to remain under pressure. I've embarrassed with stock
Speaker 1: since January five, when the previous minutes of the f
Speaker 1: MC meeting at the end of last year came out
Speaker 1: indicating higher rates were certainly a likelihood. The fact that
Speaker 1: the minutes last week were as barish as any i've seen.
Speaker 1: Mr Bill Dudley, the former of Vice chairman of the
Speaker 1: FED and former New York FED President, was kind of
Speaker 1: was overtly bearish of of share prices, saying that the
Speaker 1: FED has to become far more hawkish on monetary policy
Speaker 1: and needs to, in his term, inflict pain on stock prices,
Speaker 1: which was a stunning statement. He's even more embarrassed than
Speaker 1: Mrs George and uh M Smester, the presidents of the
Speaker 1: Cleveland and Kansas City Feds, even more embarrassed than Mr
Speaker 1: Bullard has been. So it is really quite the extraordinary
Speaker 1: to have that many members of the voting members of
Speaker 1: the f MC come overly barrash of share prices. So
Speaker 1: I think that the bounce that we've seen as run
Speaker 1: its course. It was it was a nice bounce, It
Speaker 1: was a pleasant bounce. It was a satisfactory bounce for many.
Speaker 1: But it was a bouncing one the less, and that's
Speaker 1: all it has been. And I think share prices are
Speaker 1: headed rather demonstrably lower over the course the next several months.
Speaker 1: What kind of levels are you looking at for the SMP.
Speaker 1: The best I can say, I've been in this business
Speaker 1: for almost forty five years and and trying to get
Speaker 1: the direction right is the best that one can do,
Speaker 1: and I think the direction is down. So let's just
Speaker 1: simply say we'll go past the normal threshold for the
Speaker 1: start of a bear market, which is I've always found
Speaker 1: that laughable to me. Anything that lose more than seven
Speaker 1: percent is consequent. So the fact that the I think
Speaker 1: will be below down before this is done from the
Speaker 1: highs made January five. So the market, I think is
Speaker 1: the best that one can say, is the markets moving
Speaker 1: from the upper left to the lower right, and that's
Speaker 1: the That's the best that one is able to ascertain.
Speaker 1: You mentioned Cleveland, said President Lauretta Master. We did fear
Speaker 1: from her again yesterday on CBS. Has faced the nation
Speaker 1: saying that she thinks that inflation could peak soon but
Speaker 1: will remain elevated, perhaps into the end of next year.
Speaker 1: At the same time, she says she's confident that the
Speaker 1: US can avoid a recession. What's your view. I think
Speaker 1: the US well, first of all, I think she's correct
Speaker 1: on inflation. There's no question that inflationary problems are are
Speaker 1: extent everywhere. Food prices are going higher, energy prices had
Speaker 1: been higher. They're coming off of it at this point.
Speaker 1: With the crude oil tumbling down below nine dollars a
Speaker 1: barrel fort nearby near term w T w T I.
Speaker 1: But the livestock prices are higher, Cotton prices are higher,
Speaker 1: sugar prices are higher, Commodity prices generally are are higher,
Speaker 1: and they're not going to to weekend anytime soon. I
Speaker 1: think wage rates are are headed higher from they're going
Speaker 1: to go from the lower left of the upper right.
Speaker 1: So she's right about inflation. I think she's wrong about
Speaker 1: the recession. I think the fact that we've had the
Speaker 1: Yeld curve inverting in the in the middle of the curve,
Speaker 1: and the inversion, I think it's going to become more
Speaker 1: pronounced over the course of next several months, which is
Speaker 1: always that always indicative of the recession. So I think
Speaker 1: the semester probably is wrong about the recessionary call, but
Speaker 1: she's right about the inflationary call. When do you think
Speaker 1: we get a recession? Do you think it happens this year?
Speaker 1: I think it happens this year. We won't market. The
Speaker 1: National Bureau Economic Research, the n d e R as
Speaker 1: the is the official data of when we go to
Speaker 1: go into recession, when we come out, and they're always
Speaker 1: laid on both sides. I think they won't say that
Speaker 1: we've been in a recession until sometime early in three,
Speaker 1: but they'll market is the end of two. So I
Speaker 1: think sometimes in the third quarter the numbers will start
Speaker 1: to be manifestly bearish and manifestly recessionary. But will we
Speaker 1: market as a recession until probably sometime in the n
Speaker 1: b R will be very slow to do. So. I'm
Speaker 1: curious whether you think we'll see any inflationary impact on
Speaker 1: the earnings as we start to get into the really
Speaker 1: the kickoff of earning season this week, we've only got
Speaker 1: about a minute left. Well, that's a good question, and
Speaker 1: I wish I was capable of answering that. I'll leave
Speaker 1: it to wiser heads than I am. When it comes
Speaker 1: to announcing and forecasts to earnings for individual companies, all
Speaker 1: I can say is the economy seems to be slowing
Speaker 1: down or shall be slowing down, and not do this
Speaker 1: in future. Uh. And the recession is on the is
Speaker 1: on the horizon, so that that should be delictorious to
Speaker 1: earnings six months into the future. But for the next
Speaker 1: two or three months, the earnings numbers were probably quite good,
Speaker 1: all right, Dennis, as always good to have you on
Speaker 1: with us? Dennis Gartman, former publisher of the Gartment Letter,
Speaker 1: now the chairman of the University of Akron Endowment Investment Committee.
Speaker 1: As we look ahead to the market open, it is
Speaker 1: pointing two losses on this Monday morning. SMP futures are
Speaker 1: down twenty two points right now. Down Future is down
Speaker 1: eighty NASDAC Future is down a hundred thirty six and
Speaker 1: the tenure Treasury is down ten thirty seconds now with
Speaker 1: a yield of two point seven three percent yield on
Speaker 1: the two year two point five five nime X crewed
Speaker 1: down two point six percent right now down to fifty
Speaker 1: three dollars seventy three cents of barrel. Just ahead, Ukraine
Speaker 1: braces for a tougher fight to the east, and Elon
Speaker 1: Musk's on again, off again with Twitter. So check your
Speaker 1: top stories of the morning on Bloomberg Daybreak Bloomberg eleven
Speaker 1: three oh weather. Sunshine today with a high near sixty.
Speaker 1: Morning showers tomorrow will claire out during the afternoon tomorrow
Speaker 1: with a high in the low seventies, upper sixties, partly
Speaker 1: sunny by Wednesday. Right now one in Central Park broadcasting
Speaker 1: live from the Bloomberg Interactive Broker Studio in New York,
Speaker 1: Bloomberg E Living Freedom to Washington, d C, Bloomberg, On
Speaker 1: to Boston, Bloomberg, what a six, one to San Francisco,
Speaker 1: Bloomberg sixty to the country, Sirius XM Chad one nine,
Speaker 1: and around the globe the Bloomberg Business app and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's five thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow. We are just about four hours away from
Speaker 1: the open of US trading. Let's get you up to
Speaker 1: date of the news you need to know at this show.
Speaker 1: Ukraine says Russian air strikes destroy the airport in Ukraine's
Speaker 1: fourth largest city, to Nipro. As the war continues, a
Speaker 1: new Russian military commander is drawing alarm among US officials.
Speaker 1: As European officials meant to discuss the next phase of
Speaker 1: the war. Austrian's chancellor is heading to Moscow today to
Speaker 1: meet with Vladimir Putin, two days after visiting Kiev. The meantime, Karen,
Speaker 1: Russia is expected to mount an offensive for control of
Speaker 1: parts of eastern Ukraine. President Vladimir's Lensky tells CBS IS
Speaker 1: Scott Kelly he has no plans to leave his nation.
Speaker 1: I'm the president of our people, and even if I
Speaker 1: wasn't president, I would have stayed here. My family understood,
Speaker 1: not only understood, but fully supported my decision fully. Ukrainian
Speaker 1: President Voladimir z Lensky spoke on CBS IS sixty minutes,
Speaker 1: which can be heard every Sunday on Bloomberg in Washington. Well,
Speaker 1: Nathan to the markets. Now are shares or Twitter are sliding? There?
Speaker 1: Down more than four percent as Elon Musk is not
Speaker 1: joining the board of the social media company. They get
Speaker 1: the latest line from Bloomberg's rend A Young, Good morning Rena,
Speaker 1: good morning Caring. It was just a week ago that
Speaker 1: Twitter sword more than twenty seven percent after Elon Musk
Speaker 1: took his nine point two percent steak in the company.
Speaker 1: Twitter said shortly after that Musk would join the board,
Speaker 1: and the billionaire has been vocal about changes he'd like
Speaker 1: to see at Twitter in the name of free speech.
Speaker 1: But Musk's abrupt reversal in his direct decision to join
Speaker 1: the board ignites renewed speculation about his intentions for Twitter
Speaker 1: as its largest shareholder individually and if he does not
Speaker 1: join the board, Musk would not be subject to an
Speaker 1: agreement to keep his stake at no more than fourteen
Speaker 1: point nine percent. Live in New York, I'm Rernita Young
Speaker 1: Bloomberg Daybreak. Okay, Nita, thanks the most. Stocks are falling
Speaker 1: in early trading as a rise in US treasury yields
Speaker 1: sends waves through global markets. Ten years climbed through two
Speaker 1: and three quarters percent for the first time since March.
Speaker 1: Nathan overseas for the presidential election and France, French President
Speaker 1: Emmanuel mccron holds a slight lead over nationalist rival Marine
Speaker 1: La Penn. Posters project mccrawn securing twenty eight percent of
Speaker 1: the vote compared to twenty four for La Penn. The
Speaker 1: second round of voting will take place in a couple
Speaker 1: of weeks from Paris to Shanghai, where, despite lockdown's new
Speaker 1: COVID cases reached an all time high. Yesterday, Shanghai reported
Speaker 1: more than twenty six thousand new infections, most of which
Speaker 1: were among people already under isolation, and futures are lower.
Speaker 1: SNP futures down twenty one points down futures down seventy two,
Speaker 1: nasday futures down one thirty four straight. I had your
Speaker 1: latest local headlines plus a check of sports, and this
Speaker 1: is Bloomberg. Thanks Tinge on Wall Street forty one degrees
Speaker 1: in Central Park. We've got an accident on the New
Speaker 1: England through Way North bounded exit seventeen in Westchester County.
Speaker 1: Michael Barr has more on what's going on in New
Speaker 1: York and around the world. Michael, thank you very much, Nathan.
Speaker 1: New York City Mayor Eric Adams announced he has tested
Speaker 1: positive for COVID and is now isolating. Dr Bruce Lee
Speaker 1: with the City University of New York School of Public Health,
Speaker 1: You essentially have this more contagious big dot to suffarient
Speaker 1: that's circulating, and we're still amidst cooler and drier weather,
Speaker 1: so that can promote transmission. So we really need to
Speaker 1: be more proactive about COVID nighting precautions, Dr Lee, as
Speaker 1: New York City is now averaging about eight new cases
Speaker 1: per day. Last Saturday, Mayor Adams attended the annual grid
Speaker 1: Ironed Dinner in Washington. Dozens who attended have since contracted COVID.
Speaker 1: China's largest COVID outbreak in two years continues to spread
Speaker 1: despite an extended lockdown of Shanghai's million people. They were
Speaker 1: more than twenty six thousand new daily infections reported in
Speaker 1: the Chinese financial hub and all time high. The Biden
Speaker 1: administration plans to announce new rules today around ghost guns.
Speaker 1: Sergeant Christian Camarillo is with the San Jose, California Police Department.
Speaker 1: Ghost gun, or privately made firearm, is a firearm that
Speaker 1: can be made at home with pre manufactured parts. You
Speaker 1: can order these on the internet. That takes some very
Speaker 1: simple machine and you put it together and it works
Speaker 1: just like a regular firearms Sergeant Christian Camarillo. Senate Majority
Speaker 1: Leader Chuck Schumer says sales of ghost guns are rising
Speaker 1: around the country, clarifying under federal law that ghost gun
Speaker 1: kits are firearms that would require a background check and
Speaker 1: a serial number. Senator Schumer reference to teen shooting death
Speaker 1: Friday outside of Bronx High School. Police say the seventeen
Speaker 1: year old suspect may have used a ghost gun. There's word.
Speaker 1: President Joe Biden is nominating an Obama era U S
Speaker 1: attorney to run the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Speaker 1: According to the Associated Press, Biden is expected to make
Speaker 1: the announcement today nominating Steve Dedlbuck Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than twenty seven hundred journalist and analysts in
Speaker 1: more than a hundred twenty countries. Michael Barren, this is Bloomberg.
Speaker 1: Nathan Okay, Michael, Thanks on Wall Street time for the
Speaker 1: Bloomberg Sports Update with John. Thanks Nathan. Big things were
Speaker 1: expected from Scottie Cheffer. He grew up in Dallas, dominated
Speaker 1: junior golf. Now Scheffler went to the Masters having won
Speaker 1: three of his last five tournaments. He had already become
Speaker 1: ranked number one at Augusta. He took the lead on Friday,
Speaker 1: never gave it up. His lead early yesterday did shrink
Speaker 1: to one shot, but then he chipped in for birdie
Speaker 1: on the third hole and that lead was never again
Speaker 1: less than three shots. It was definitely nice to build
Speaker 1: up a lead and um not nothing safe out there
Speaker 1: on the back nine on this golf course. You know,
Speaker 1: I I've heard all the things that everybody says. It
Speaker 1: doesn't start till the back Now on Sunday, anything can happen.
Speaker 1: Don't hit in the water on twelve. You know, all
Speaker 1: the stuff, and you know, I just blocked most of
Speaker 1: that out and just tried to execute and take good
Speaker 1: golf shot. Define had a double boat on eight team,
Speaker 1: but he's still won by three overheart charging. Rory mcelroyo
Speaker 1: was still never won the Masters, but he had a
Speaker 1: brilliant final round sixty four. Tiger Woods had a second
Speaker 1: straight seventy eight. He said he's unsure if he'll play
Speaker 1: the PGH Championship for the US Open, but he does
Speaker 1: plan to play the British Open because of his affinity
Speaker 1: for playing at st Andrews. Yankees going for a sleep
Speaker 1: of the Red Soft strand at eleven. Runners lost at
Speaker 1: the stadium four to three. Mets going for a four
Speaker 1: game sweep in Washington at a two one lead, when
Speaker 1: the Gnats scored three times in the eighth inning, they
Speaker 1: won four to two. Next finished the year thirty seven
Speaker 1: and forty five. They beat Toronto at the Guarden. Nick
Speaker 1: fans have called for more playing time for Obi. Toppin
Speaker 1: got it this weekend and he had games of thirty
Speaker 1: five and forty two points. Nets beat Indiana. Net's had
Speaker 1: a play in game in Brooklyn tomorrow with Cleveland. The
Speaker 1: winner then advances to play Boston. John stash Award Bloomberg
Speaker 1: Sports Nathan, Thank you John, five thirty seven on Wall
Speaker 1: Street Time for the Trice State Business Report with Bloomberg's
Speaker 1: ad Cory. New York's theater industry has been betting on
Speaker 1: a big spring, nearly doubling the number of shows being offered,
Speaker 1: but The Times reports a number of COVID cases in
Speaker 1: New York City, coinciding with the arrival of a new
Speaker 1: sub variant is once a int rocked Broadway, infecting some
Speaker 1: of its biggest stars, forcing four shows to temporarily cancel performances.
Speaker 1: Healthcare workers in New Jersey's hospitals, nursing homes and other
Speaker 1: facilities had until today to be vaccinated and boosted against
Speaker 1: COVID nineteen or face disciplinary action that includes the possibility
Speaker 1: of losing their jobs, and despite an initial uproar, n
Speaker 1: J Spotlight reports, it seems most healthcare workers have complied.
Speaker 1: Connecticut's tax free Weeks started on Sunday. It gives residents
Speaker 1: a break from the six point three five percent sales
Speaker 1: tax on retail items. The tax holiday eliminate sales tax
Speaker 1: on clothing and footwear under a hundred bucks at your
Speaker 1: Bloomberg Crime State Business Report. I'm Ed Corey. Thanks on
Speaker 1: Wall Street. Bloomberg Radio is on the air from San
Speaker 1: Francisco to New York, London to Hong Kong. Let's check
Speaker 1: in with our global news team for some of the
Speaker 1: top stories heard on our three hundred affiliate radio stations
Speaker 1: around the world. I'm Steve Potas ten ten Wins in
Speaker 1: New York. We're talking about Jet Blues plans to trim
Speaker 1: its summer travels, sees, the schedule, duo staff shortages. I'm
Speaker 1: Gina Servettian for w c CO in Minneapolis. I'm talking
Speaker 1: about some of the locally based companies reporting earnings this week,
Speaker 1: including United Health. I'm at Corey on w t A
Speaker 1: M in Cleveland. I'm reporting developer Bobby George had big
Speaker 1: plans for Old River Road in the Flats. And those
Speaker 1: are some of the stories our hundred Bloomberg journalists and
Speaker 1: analysts are working on this morning around the world. We're
Speaker 1: coming up to five thirty nine on Wall Street. The
Speaker 1: following is an editorial from Bloomberg Opinion. India has disappointed
Speaker 1: many of its fellow democracies by not taking the stronger
Speaker 1: stand against Russia's invasion of Ukraine. Some U S officials
Speaker 1: have even let their frustrations spill out in public. Although understandable,
Speaker 1: such criticisms are unproductive. The US and Sala should instead
Speaker 1: concentrate on showing India that is the interests are better
Speaker 1: served through partnership with the West, not Vladimir Putin. After all,
Speaker 1: India's long standing ties with Russia can't be severed overnight,
Speaker 1: nor can the US realistically expect India to abandon the
Speaker 1: strategic autonomy its foreign policy elite has jealously guarded since independence. Instead,
Speaker 1: the US and its partners must show India that they
Speaker 1: can address its needs far better than Russia can through cooperation,
Speaker 1: trade and development. In the end, trying to strong arm
Speaker 1: India won't work. Persuading its leaders that the West is
Speaker 1: a smarter long term bet will This editorial was written
Speaker 1: by the Bloomberg Opinion Editorial Board. I'm David Shipley. For
Speaker 1: more Bloomberg opinion, please go to Bloomberg dot com, slash
Speaker 1: opinion or opia and go on the Bloomberg terminal. This
Speaker 1: has been Bloomberg Opinion. Listen for Bloomberg Opinion editorials every weekday.
Speaker 1: At this time of terminal Customers can read more at
Speaker 1: O P I, n GO, SMP futures now down twenty points,
Speaker 1: now features down sixty three. NAZAC future as are lower
Speaker 1: by a hundred thirty three points. The ten year treasury
Speaker 1: is down twelve thirty seconds. The yield two point seven
Speaker 1: four percent. Yield on the two year two point five
Speaker 1: seven straight ahead. The latest on the war in Ukraine
Speaker 1: as Austria's chancellor prepares to meet with Russian President Pluton.
Speaker 1: Rosalind Mathison Bloomberg Newses with US. Next to this is
Speaker 1: Bloomberg Bloomberg eleven three oh Weather. Sunshine today with a
Speaker 1: high near sixty. Tomorrow starts off with showers, but it'll
Speaker 1: clear by tomorrow. Afternoon highs and below seventies. Will be
Speaker 1: in the upper sixties partly sunny by Wednesday. Currently forty
Speaker 1: one in Central Park