WEBVTT - Bloomberg Daybreak: April 22, 2022 - Hour 2 (Radio) 0:00:02.880 --> 0:00:06.160 Live from the Bloomberg Interacted Burger Studios. This is Bloomberg 0:00:06.240 --> 0:00:10.080 Daybreak for Friday, April twenty two. Coming up this hour, 0:00:10.320 --> 0:00:13.280 the US sends another one point three billion dollars in 0:00:13.400 --> 0:00:16.439 aid to Ukraine. Fetch here. J Powell rattles the markets, 0:00:16.480 --> 0:00:19.159 hinting two half point rate heis may be needed. And 0:00:19.360 --> 0:00:22.759 new developments this morning in Elon Musk's pursuit of Twitter 0:00:23.040 --> 0:00:24.960 war on the arrest of a man and the murder 0:00:25.000 --> 0:00:28.240 of a queen's woman. Plus Florida's legislature approves a measure 0:00:28.280 --> 0:00:32.600 to take away disney self governance privileges. Michael Barr More ahead, 0:00:32.920 --> 0:00:34.880 I'm down stage there. In sports, the Mets one of 0:00:34.920 --> 0:00:37.400 the Yankees were shut out, the Rangers beat the Islanders 0:00:37.400 --> 0:00:42.720 on the road. Teams one in the NBA playoffs. That's 0:00:42.720 --> 0:00:47.040 all straight ahead on Bloomberg Daybreak on Bloomberg Eleventory on 0:00:47.159 --> 0:00:51.600 New York, Bloomberg one, Washington, d C, Bloomberg one or 0:00:51.640 --> 0:00:56.080 six one, Boston, Bloomberg nine six, San Francisco, Sirius x 0:00:56.280 --> 0:00:59.320 M one nine team and around the world on Bloomberg 0:00:59.360 --> 0:01:07.840 Radio dot Com and via the Bloomberg Business add And 0:01:07.880 --> 0:01:10.800 good morning. I'm far at Moscow. I'm Nathan Hagar. Bloomberg 0:01:10.880 --> 0:01:12.720 Daybreak is brought to you by B and Y Melons. 0:01:12.720 --> 0:01:15.640 Pershing learned why the world's most sophisticated wealth management and 0:01:15.720 --> 0:01:19.360 institutional firms rely on Pershing to help them improve profitability, 0:01:19.440 --> 0:01:22.800 create efficiency, attract talent, and manage risk at Pershing dot 0:01:22.840 --> 0:01:26.440 Com and U Stock Index futures are lower this morning 0:01:26.560 --> 0:01:28.399 six oh one on Wall Street. We check the markets 0:01:28.400 --> 0:01:31.160 every fifteen minutes throughout the trading day on Bloomberg S 0:01:31.200 --> 0:01:35.039 and P futures down sixteen boys down, futures down, WAE 0:01:35.400 --> 0:01:38.399 NAS day futures down fifties seven, the decks in Germany's 0:01:38.440 --> 0:01:41.520 down one point nine percent, and the tenure treasury down 0:01:41.520 --> 0:01:44.559 eight thirty seconds held two point nine four percent. Nathan, 0:01:44.640 --> 0:01:46.280 all right, Karen, we'll have more on the markets in 0:01:46.319 --> 0:01:48.600 a minute. First, the latest on the war in Ukraine. 0:01:48.800 --> 0:01:51.840 The US is sending another one point three billion dollars 0:01:51.840 --> 0:01:54.560 in aid, eight hundred million of that will be weapons, 0:01:54.800 --> 0:01:58.280 including so called ghost drones. We get the latest from Bloomberg, 0:01:58.320 --> 0:02:02.240 said Baxter. Pentagon's spokesman John Kirby says ghosts will work 0:02:02.280 --> 0:02:06.840 well in Ukraine. In discussions with the Ukrainians again about 0:02:06.880 --> 0:02:13.760 their requirements. We believed that this particular system would very 0:02:13.840 --> 0:02:17.600 nicely suit um their needs, particularly in eastern Ukraine. And 0:02:17.720 --> 0:02:21.120 President Biden says the military help is very large. The 0:02:21.200 --> 0:02:25.000 United States alone has provided ten anti armor systems for 0:02:25.120 --> 0:02:29.160 every one Russian tank that's in Ukraine. Biden says help 0:02:29.320 --> 0:02:32.280 is on the way. In San Francisco, I'm at Baxter 0:02:32.360 --> 0:02:34.480 Bloomberg Daybreak, all right, and thank you by those so 0:02:34.600 --> 0:02:36.880 called ghost drones could be enough to take out a 0:02:36.919 --> 0:02:40.239 massive tank assault by Russia. That's according to retired Brigadier 0:02:40.320 --> 0:02:43.560 General Mark Kimmet, but he says Ukraine still needs more. 0:02:44.080 --> 0:02:47.840 We may be over selling the capabilities of the artillery 0:02:47.880 --> 0:02:50.839 that we're sending in. That much artillery and that much 0:02:50.840 --> 0:02:53.720 ammunition is great, but it's not a silver bullet and 0:02:53.760 --> 0:02:55.520 it's not going to change the tide of the war. 0:02:55.840 --> 0:02:58.880 And retired General Mark Kimmitt spoke to our Washington corresponded 0:02:58.960 --> 0:03:01.200 Joe Matthew on bloom Burry Sound on if you can 0:03:01.240 --> 0:03:04.560 catch the program weekdays at find pm Eastern on Bloomberg Radio. 0:03:04.800 --> 0:03:06.959 And we also kind up with former Secretary of State 0:03:07.040 --> 0:03:09.680 John Kerry. He said the US and its allies have 0:03:09.760 --> 0:03:14.440 provided significant support. I think the reinforcement of efforts in 0:03:14.480 --> 0:03:17.639 the Baltics. I think the movement by Finland and Sweden 0:03:17.680 --> 0:03:21.320 to consider being a pardonato, etcetera. All of those are 0:03:21.400 --> 0:03:24.880 very important measures, and hopefully we can do it in 0:03:24.919 --> 0:03:28.760 a way that still gives President Putin an off rant. 0:03:28.960 --> 0:03:31.840 And John Kerry, now Special Presidential Envoy for a Climate 0:03:31.960 --> 0:03:34.680 spoke with Bloomberg Television from the m i T Climate 0:03:34.720 --> 0:03:38.280 Grand Challenges event in Boston. Speaking of Climate Karen. Today 0:03:38.440 --> 0:03:40.960 is Earth Day and President Biden is using it to 0:03:40.960 --> 0:03:44.920 issue an executive order protecting old growth forests. Amy Morris 0:03:44.960 --> 0:03:48.280 has details from our Bloomberg news room in Washington. The 0:03:48.320 --> 0:03:52.200 federal government will inventory the old growth forests on federal lands, 0:03:52.240 --> 0:03:55.480 analyze the threats, and create policies to reduce those risks. 0:03:55.760 --> 0:03:59.400 Last year's infrastructure bill allocated eight billion dollars in forest 0:03:59.480 --> 0:04:02.640 and land management funds, plus another five point seven billion 0:04:02.680 --> 0:04:06.080 for wildfuyer management. This work will help them decide how 0:04:06.160 --> 0:04:08.880 best to spend that money. It will also require the 0:04:08.920 --> 0:04:12.920 government to increase seed collection and nursery capacity for replanting. 0:04:12.960 --> 0:04:16.760 After a wildfire in Washington. I'm maybe more as Bloomberg Daybreak. 0:04:16.839 --> 0:04:19.040 All right, Amy, thank you about turning to the economy. Now, 0:04:19.120 --> 0:04:21.960 FED chair J. Powell is outlined his most aggressive approach 0:04:22.040 --> 0:04:25.119 to taming inflation to date. He has potentially endorsed two 0:04:25.240 --> 0:04:28.560 or more half percentage point interest rate increases. It is 0:04:28.600 --> 0:04:30.960 appropriate in my view to be moving a little more quickly, 0:04:31.000 --> 0:04:33.120 and I also I also think there's something in the 0:04:33.160 --> 0:04:37.160 idea of front end loading whatever accommodation one thinks is appropriate. 0:04:37.200 --> 0:04:40.479 So so that does point points in the direction of 0:04:40.480 --> 0:04:43.359 of fifty basis points being on the table. Certainly, we 0:04:43.440 --> 0:04:45.279 make these decisions at the meeting and will make a 0:04:45.320 --> 0:04:47.400 meeting by meeting, but I would say that fifty basis 0:04:47.400 --> 0:04:49.200 points will be on the table for the main meeting, 0:04:49.440 --> 0:04:51.640 and J. Powell and the FED make their interest rate 0:04:51.680 --> 0:04:54.200 decision on May fourth. Well, that hawk is tone from 0:04:54.240 --> 0:04:57.960 Chairman Powell. Karen sent ripples through markets of policy sensitive 0:04:57.960 --> 0:05:00.279 two year yield climbed to its highest level since late 0:05:01.440 --> 0:05:04.520 The NASAC wiped out an early two percent gain yesterday 0:05:04.560 --> 0:05:07.800 to drop two percent. The SMP five hundred felt one 0:05:07.839 --> 0:05:11.279 and a half percent. Amanda Gotti, chief investment officer PNC 0:05:11.400 --> 0:05:15.360 Asset Management, says the FED is spooking investors. The one 0:05:15.440 --> 0:05:18.200 thing that keeps me up at night more than anything 0:05:18.240 --> 0:05:22.239 else is that the FED is fighting effectively the wrong battle. 0:05:22.680 --> 0:05:26.400 That is, they end up tightening policy, whether in the 0:05:26.440 --> 0:05:30.360 form of interest rate increases or q T way too 0:05:30.360 --> 0:05:34.239 aggressively to the point where that's what flows growth meetings. 0:05:34.320 --> 0:05:37.880 Le p NC Asset Management Chief Investment Officer Amanda Gotti 0:05:37.960 --> 0:05:40.799 made the comments on Bloomberg Business Week. Catch the program 0:05:40.839 --> 0:05:43.680 on Bloomberg Radio Week the afternoons from two to five pm, 0:05:43.720 --> 0:05:46.160 All Street Time. Sorry Nathan, thank you. And the yen 0:05:46.520 --> 0:05:48.599 is little change this morning. The move comes after the 0:05:48.600 --> 0:05:51.920 Finance Minister of Japan said he discussed recent abrupt moves 0:05:51.920 --> 0:05:55.040 in the currency, which Treasury Secretary Janet Yellen. He said 0:05:55.040 --> 0:05:58.159 the two agreed to uphold existing foreign exchange rate agreements. 0:05:58.360 --> 0:06:00.799 And I'll talk live later this morning on Janet Yellen 0:06:00.880 --> 0:06:03.119 or with Janet Yellen rather, that's coming up at eleven 0:06:03.160 --> 0:06:05.839 thirty am. Wall Straight Time on both Bloomberg Radio and 0:06:05.920 --> 0:06:09.160 television turned into corporate news. Karen elon Musk's attempt to 0:06:09.160 --> 0:06:11.880 buy Twitter has gotten a lot more real. Let's get 0:06:11.920 --> 0:06:15.000 the details on that live from Bloomberg. Jranita Young. Good morning, Granita, 0:06:15.040 --> 0:06:17.920 Good morning. Nathan Elon. Musk said last week that fifty 0:06:17.960 --> 0:06:20.159 four dollars and twenty cents a share was his best 0:06:20.160 --> 0:06:23.359 and final offer to take Twitter private. Financing was not 0:06:23.440 --> 0:06:25.560 spelled out then, and it was hard to tell whether 0:06:25.640 --> 0:06:29.080 Musk would follow through with the offer until yesterday, when 0:06:29.160 --> 0:06:32.240 Musk announced in a filing that he secured forty six 0:06:32.279 --> 0:06:35.680 point five billion dollars in funding. About twenty six billion 0:06:35.720 --> 0:06:38.080 of that would be debt financing for Morgan Stanley and 0:06:38.160 --> 0:06:41.760 other investment banks, and Musk is contributing twenty one billion 0:06:41.800 --> 0:06:46.080 of his own money through equity financing. Bloomberg calculations show 0:06:46.240 --> 0:06:49.760 the financing Musk secured is about nine billion dollars more 0:06:49.800 --> 0:06:52.680 than what he would need to acquire thee of Twitter 0:06:52.920 --> 0:06:55.599 that he does not already own, and it signals that 0:06:55.680 --> 0:06:59.120 he might go higher. Live in New York. I'm Ranita Young, 0:06:59.120 --> 0:07:02.080 Bloomberg dayper Okay, Nita, Thanks, and France has issued an 0:07:02.080 --> 0:07:05.080 international arrest warrant for the former head of Nissan and Renault, 0:07:05.080 --> 0:07:08.120 Carlos Gone. Four others are also being sought for allegedly 0:07:08.120 --> 0:07:11.760 helping Going siphon millions from Renault. Gonel lives in Lebanon 0:07:11.800 --> 0:07:15.000 after a daring escape from Japan, where he faced charges 0:07:15.080 --> 0:07:23.240 of financial wrongdoing. You're listening to Bloomberg Daybreak and it's 0:07:23.280 --> 0:07:25.280 down six oh seven on Wall Street for in fifty 0:07:25.280 --> 0:07:28.080 two degrees in Central Park. Still dealing with the accident 0:07:28.120 --> 0:07:31.440 on the South under Jersey Turnpike near exit nine. Details 0:07:31.440 --> 0:07:33.480 come up in traffic. First Michael bar with more on 0:07:33.560 --> 0:07:35.080 what's going on in New York and around the world. 0:07:35.080 --> 0:07:37.720 Come morning, Michael, Good Morning. Nathan. A man arrested in 0:07:37.760 --> 0:07:40.320 the stabbing death of the Queen's mother, was reigned Late 0:07:40.400 --> 0:07:44.679 last night. Rsilia Gal was found stuffed into a duffel 0:07:44.680 --> 0:07:47.120 bag blocks from her home in Forest Hills after she 0:07:47.200 --> 0:07:50.240 was snabbed almost sixty times. N Y p DS Chief 0:07:50.240 --> 0:07:54.400 of Detective James Essex says the suspect, David Benola, and 0:07:54.480 --> 0:07:57.480 the victim, had an intimate relationship for over a year 0:07:57.720 --> 0:08:00.320 and had an argument at Gal's home centered a night. 0:08:00.760 --> 0:08:03.880 A heated argument ensues between the two in the basement, 0:08:04.560 --> 0:08:09.120 a knife is brandished, A violent struggle ensues, resulting in 0:08:09.200 --> 0:08:14.280 all victim being stabbed. Chief Essex says Manola, described as 0:08:14.280 --> 0:08:18.120 a handyman, faces charges of second degree murder, criminal tampering, 0:08:18.240 --> 0:08:21.000 and possession of a weapon. A panel of New York 0:08:21.000 --> 0:08:25.440 appellate judges rule that state Democrats engaged in gerrymandering in 0:08:25.560 --> 0:08:29.600 drawing new congressional district boundaries for the next decade. If upheld, 0:08:29.760 --> 0:08:32.320 ruling would block the use of those district lines for 0:08:32.360 --> 0:08:37.480 the upcoming midterm elections in November. Florida's Republican controlled legislature 0:08:37.840 --> 0:08:41.000 has clear to measure to strip Disney of itself governance 0:08:41.040 --> 0:08:44.359 privileges in the state. The House approved the bility yesterday. 0:08:44.440 --> 0:08:48.040 Disney criticized the law. Critics called that don't say gave measure. 0:08:48.440 --> 0:08:51.839 The move could have huge tax implications for Disney and 0:08:51.920 --> 0:08:55.880 the counties that would take over Disney's political space. Florida 0:08:55.960 --> 0:08:59.560 Republican House Speaker Chris browns, I've long been a believer 0:08:59.679 --> 0:09:02.400 on these special taxing districts, whether it's Disney or others, 0:09:02.800 --> 0:09:04.080 that we need to look at them, that they are 0:09:04.120 --> 0:09:07.319 a subterranean state of unaccountability, and we need to draw 0:09:07.360 --> 0:09:09.120 attention to them. And that's what we did here this week. 0:09:09.720 --> 0:09:12.680 Speaker Sprowl says it was passed by the Senate on 0:09:12.760 --> 0:09:15.880 Wednesday and now goes to Governor de Santis for a signature. 0:09:16.320 --> 0:09:19.960 House Republican leader Kevin McCarthy told other GOP lawmakers shortly 0:09:20.000 --> 0:09:23.839 after the January Capital Ryant that he would urge then 0:09:23.880 --> 0:09:26.560 President Donald Trump to resign. That's according to an audio 0:09:26.600 --> 0:09:29.640 recording posted by The New York Times. The Times reports 0:09:29.679 --> 0:09:33.040 that the audio is recording of a January tenth conversation 0:09:33.400 --> 0:09:36.439 among House GOP leaders in which they discussed the Democratic 0:09:36.480 --> 0:09:41.360 effort to remove Trump from office. Would have with him 0:09:41.600 --> 0:09:44.000 is that I think this will pass, and it will 0:09:44.040 --> 0:09:47.080 be by recommendation we should be done. Earlier yesterday, after 0:09:47.080 --> 0:09:50.760 The Times published its initial story describing the conversation, McCarthy 0:09:50.800 --> 0:09:54.199 released a statement calling it totally false and wrong. Global 0:09:54.240 --> 0:09:56.280 News twenty four hours a day on air and on 0:09:56.320 --> 0:10:00.160 Bloomberg Quicktake, powered by more than journalists and now lost 0:10:00.240 --> 0:10:02.280 more than a d twenty countries. I'm Michael bar This 0:10:02.280 --> 0:10:09.400 is Bloomberg. Nathan. Thanks Michael. Almost six ten on Wall 0:10:09.400 --> 0:10:11.719 Street Time for the Bloomberg Sports Update with John ses 0:10:12.040 --> 0:10:14.719 all right, Nathan. Miguel Cabrera three hits Wednesday night. I 0:10:14.760 --> 0:10:17.480 got him to two thousand, nine hundred and ninety nine 0:10:17.480 --> 0:10:19.240 for his career. So a fairly decent crowd on hand 0:10:19.240 --> 0:10:22.000 for a Mattnee and Detroit chance to see Cabrera become 0:10:22.040 --> 0:10:24.920 the thirty third member of the three fas at hit club. 0:10:24.920 --> 0:10:27.480 He went over three against the Yankees. Jordan Montgomery had 0:10:27.480 --> 0:10:29.120 one more chance came up in the eighth inning with 0:10:29.160 --> 0:10:32.480 Detroit leading one and up being Aaron Brune walked Cabrera 0:10:32.600 --> 0:10:36.680 intentionally that loaded the basis to pop up shallow left center. 0:10:36.720 --> 0:10:41.400 Will it drop well? Two runs are in and Miguel 0:10:41.520 --> 0:10:45.360 Cabrera will make it over the third. Austin Meadows drops 0:10:45.400 --> 0:10:48.599 to pop up in the shadow left center to unscore 0:10:48.679 --> 0:10:51.240 the Tigers. Sick of three nothing, leading Tigers one three nothing, 0:10:51.400 --> 0:10:53.400 w x y t and Detroit had to call. Tiger 0:10:53.440 --> 0:10:56.360 fans voice their displeasure with Boone's decision. But the Tigers 0:10:56.360 --> 0:10:59.160 are home this weekend, so Cabrera should still be able 0:10:59.160 --> 0:11:01.600 to reach the milestone at home. Yankees come home. Now 0:11:01.640 --> 0:11:03.960 there's seven and six. They were shut out twice in 0:11:04.000 --> 0:11:06.080 their last four games, matter ten and four. They played 0:11:06.120 --> 0:11:08.839 fourth series they've won them all. Took three or four 0:11:08.920 --> 0:11:10.959 from the Giant six to one at Citi Field. Strong 0:11:11.000 --> 0:11:14.720 pitching from Carlos Carrasco. Home runs by Francisco Lindor and 0:11:14.880 --> 0:11:16.880 edwardo Escobar at the u B S Arena. What a 0:11:16.920 --> 0:11:20.040 first period for the Rangers. Andrew Coppa first period hat trick. 0:11:20.480 --> 0:11:22.760 Rangers beat the Islanders six to three, So they didn't 0:11:22.760 --> 0:11:24.760 get a fourth grade shutout, but they didn't get a 0:11:24.760 --> 0:11:26.640 fourth grade win and they were made time for first 0:11:26.840 --> 0:11:30.600 with Carolina. NBA Playoffs. Huge comeback by Memphis at Minnesota, 0:11:30.640 --> 0:11:33.560 actually two of them, trailed by twenty six, got it 0:11:33.559 --> 0:11:37.440 down to seven, went back behind by Grizzlies. Still want 0:11:37.400 --> 0:11:39.840 to lead the series to one. Dallas one at Utah 0:11:39.920 --> 0:11:42.760 for at two one series leading Golden State one at Denver, 0:11:42.840 --> 0:11:45.520 and the Warriors are up three games. Tonight, John stash 0:11:45.520 --> 0:11:49.679 Atward bloom Nathan Okay, John, thanks right now. SMP futures 0:11:49.679 --> 0:11:52.480 are down almost sixteen point STOU futures down a hundred 0:11:52.520 --> 0:11:55.560 twenty NASTACT futures are lower by fifty four points, so 0:11:55.600 --> 0:11:58.080 adding to the losses this morning, the ten your treasuries 0:11:58.080 --> 0:12:01.680 down seven thirty seconds right now, the yield two point nine. 0:12:02.240 --> 0:12:08.839 You're listening to Bloomberg Taber Bloomberg eleven three oh weather 0:12:08.920 --> 0:12:11.480 sunshine today with a hind your seventy degrees partly sunny, 0:12:11.520 --> 0:12:15.240 low sixties tomorrow, and we'll be near seventy on Sunday 0:12:15.280 --> 0:12:16.880 under a mix of sun and clouds. Right now, it's 0:12:16.880 --> 0:12:24.680 fifty two degrees in Central Park. Markets, headlines and breaking 0:12:24.720 --> 0:12:27.600 news twenty four hours a day at Bloomberg dot Com, 0:12:27.720 --> 0:12:31.280 the Bloomberg Business Out, and at Bloomberg Quick Tape, He's 0:12:31.280 --> 0:12:40.560 a Bloomberg business lash and I'm Karen Moscow. And US 0:12:40.600 --> 0:12:44.440 treasuries are tumbling US dot Index futures extending losses as 0:12:44.480 --> 0:12:47.920 investors way Federal Reserve chairs around Powell's willingness to embrace 0:12:47.960 --> 0:12:50.880 bigger rate highs. Earlier in the tightening cycle, we checked 0:12:50.880 --> 0:12:54.280 the markets every fifteen minutes throughout the trading day on Bloomberg. 0:12:54.360 --> 0:12:56.960 Right now is in p Futures are down fifteen points down. 0:12:57.000 --> 0:13:00.439 Futures down a hundred sixteen now's day, futures down fourty nine. 0:13:00.520 --> 0:13:03.160 The Dacks in Germany is down one point nine percent ten. 0:13:03.240 --> 0:13:06.360 Your treasury down six thirty seconds two point nine three percent. 0:13:06.440 --> 0:13:09.760 They yield on the two year two point seven five percent. Nine. 0:13:09.760 --> 0:13:12.040 Max Screwed oil is down one point nine percent at 0:13:12.040 --> 0:13:14.320 a dollar ninety four and a hundred one dollars eighty 0:13:14.320 --> 0:13:16.760 five cents of barrel comics. Gold is down a third 0:13:16.760 --> 0:13:19.200 of a percent, or six dollars fifty cents at nineteen 0:13:19.280 --> 0:13:22.800 forty one eight. Announce the Euro one point zero eight 0:13:22.920 --> 0:13:25.320 zero two against the dollar British found one point to 0:13:25.440 --> 0:13:28.080 eight seven two and the end is at one eight 0:13:28.160 --> 0:13:31.200 point four eight and Bitcoin this morning lower down six 0:13:31.240 --> 0:13:34.920 tenths percent at forty thousand, three hundred eighty dollars. And 0:13:34.920 --> 0:13:37.440 as if Bloomberg Business Flash, Now here's Michael Barb with 0:13:37.520 --> 0:13:40.040 more on what's going on around the world. Michael Karen, 0:13:40.040 --> 0:13:42.520 thank you very much. New satellite images show would appear 0:13:42.520 --> 0:13:46.480 to be mass graves near Maryuple in southern Ukraine. Local 0:13:46.480 --> 0:13:50.199 officials are accusing Russia burying up to nine thousand civilians 0:13:50.240 --> 0:13:52.800 there in an effort to con seal the slaughter taking 0:13:52.840 --> 0:13:55.960 place in the siege of the ports city Philadelphia, health 0:13:56.000 --> 0:13:59.320 officials say they're ending the city's indoor masked man date 0:13:59.360 --> 0:14:02.520 abruptly withs and course, just days after people in the 0:14:02.559 --> 0:14:06.360 city had to start wearing masks again. In the NBA Playoffs, 0:14:06.360 --> 0:14:08.800 the Warriors beat the Nuggets one eighteen, one thirteen to 0:14:08.840 --> 0:14:11.720 take a commanding three games the Zip lead in that series. 0:14:12.200 --> 0:14:16.559 In MLB, the Yankees, Red Sox Nationals lost, The Mets 0:14:16.600 --> 0:14:19.080 beat the Giant six to the A's beat the Oriole 0:14:19.160 --> 0:14:22.040 six four. In the NHL, the Rangers beat the Islanders 0:14:22.240 --> 0:14:25.520 six three, the Devil's and Bruins lost. Global News twenty 0:14:25.520 --> 0:14:28.520 four hours a day on air and on Bloomberg Quick Tank, 0:14:28.560 --> 0:14:31.920 powered by more than twenty seven hundred journalists analysts more 0:14:31.920 --> 0:14:34.680 than a hundred twenty countries. I'm Michael Barr, and this 0:14:34.840 --> 0:14:37.720 is Bloomberg Nathan by Michael. Thank you. It's six nineteen 0:14:37.760 --> 0:14:40.880 on Wall Street Live from the Bloomberg Interactive Broker Studios. 0:14:40.920 --> 0:14:42.920 This is Bloomberg day Break. We want to take a 0:14:42.960 --> 0:14:45.880 minute now to focus on the pandemic because we have 0:14:46.040 --> 0:14:48.200 seen a lot of movement this week when it comes 0:14:48.240 --> 0:14:52.239 to mask mandates. The b A two sub variant continues 0:14:52.320 --> 0:14:55.400 to drive case counts higher in much of this country, 0:14:55.400 --> 0:14:59.120 and of course there's been a dramatic lockdown in Asia. 0:14:59.560 --> 0:15:02.640 Andy Heckos is back with us this morning, professor of 0:15:02.640 --> 0:15:06.840 molecular microbiology and Immunology at the Johns Hopkins Bloomberg School 0:15:06.840 --> 0:15:09.160 of Public Health. Doctor, It's good to have you back 0:15:09.160 --> 0:15:11.080 on with US, and I want to pick up on 0:15:11.560 --> 0:15:15.920 the story that Michael just mentioned their Philadelphia reversing its 0:15:16.040 --> 0:15:18.560 mask mandate after just a couple of days. And of 0:15:18.560 --> 0:15:22.520 course we've seen the legal fight over the mandate on 0:15:22.680 --> 0:15:26.400 public transit. I wonder what how it affects the fight 0:15:26.400 --> 0:15:30.920 against the pandemic when you have sort of these shifting mandates, 0:15:30.960 --> 0:15:35.080 shifting guidance on whether we even need to wear masks 0:15:35.080 --> 0:15:39.640 at this point. Yeah, this is let's start with the 0:15:40.640 --> 0:15:44.240 court ruling. I think it's very unfortunate that the court 0:15:44.280 --> 0:15:46.440 would come in and try to sort of gut a 0:15:46.520 --> 0:15:49.600 public health law which was really in place to give 0:15:50.160 --> 0:15:54.240 powers to prevent infectious diseases. And it sounded like there 0:15:54.240 --> 0:15:56.960 were some semantic works that were being used there to 0:15:57.080 --> 0:15:59.480 really sort of make this major decision as to what 0:16:00.080 --> 0:16:02.640 the government can do in terms of public health interventions. 0:16:03.080 --> 0:16:07.360 Now that even that we are in a different place 0:16:07.400 --> 0:16:11.440 in this pandemic, we're seeing some cases increase in parts 0:16:11.480 --> 0:16:14.640 of the country, others not increasing. Overall, we're at a 0:16:14.760 --> 0:16:17.600 very low place, so we are at the stage of 0:16:17.640 --> 0:16:22.120 this response where we could consider lifting some public health interventions. 0:16:22.240 --> 0:16:25.840 You know, the problem really becomes public health doesn't want 0:16:25.840 --> 0:16:29.320 to remove interventions too early. They need to instill them 0:16:29.400 --> 0:16:31.840 early though if there is a surge. And so we're 0:16:31.840 --> 0:16:35.640 in this gray area now where different public health individuals 0:16:35.680 --> 0:16:40.119 are making their calls based on local um UH conditions, 0:16:40.360 --> 0:16:44.600 and sometimes those calls are not black and white. Are 0:16:44.640 --> 0:16:46.440 we in a gray area when it comes to where 0:16:46.480 --> 0:16:50.120 the pandemic could go at this point because it seems 0:16:50.280 --> 0:16:55.040 like the case counsel they may be going up. Hospitalizations 0:16:55.200 --> 0:16:58.960 are either holding steady or still falling at this point 0:16:59.840 --> 0:17:03.080 is not going to continue to be the case absolutely, 0:17:03.120 --> 0:17:04.760 and I think this is the most critical thing that 0:17:04.800 --> 0:17:06.600 we want to keep keep an eye on for the 0:17:06.600 --> 0:17:09.199 next couple of weeks. If we continue to stay in 0:17:09.200 --> 0:17:12.840 this area where case numbers might be increasing at relatively 0:17:12.880 --> 0:17:16.200 low rates, to hospitalization stay low, and I think we're 0:17:16.200 --> 0:17:18.640 in a place where we can really sort of continue 0:17:18.680 --> 0:17:21.480 to relax public health interventions and be able to deal 0:17:21.560 --> 0:17:26.280 with the case numbers through perhaps increased vaccination and also 0:17:26.840 --> 0:17:29.199 UH the use of anti virals for individuals we do 0:17:29.280 --> 0:17:32.879 get sick. So this is a really critical time for monitoring. 0:17:32.920 --> 0:17:35.320 It's hard to protect the future even two or three 0:17:35.359 --> 0:17:39.040 weeks away. But things are looking good and and I'm 0:17:39.119 --> 0:17:41.280 optimistic that we're at a stage where we might be 0:17:41.320 --> 0:17:43.840 seeing a real change in how we deal with the pandemic. 0:17:44.720 --> 0:17:47.359 Will we be able to continue with that kind of 0:17:47.480 --> 0:17:53.040 stance if we don't get further COVID mitigation funding on 0:17:53.160 --> 0:17:56.960 Capitol Hill. We're getting Congress coming back next week, and 0:17:57.000 --> 0:17:59.800 I imagine there's going to be a pretty quick debate 0:18:00.160 --> 0:18:04.520 on how to get those funds unlocked, How are they needed, 0:18:04.560 --> 0:18:07.320 what will those funds do in terms of the fight. 0:18:08.720 --> 0:18:14.680 This funding is absolutely critical to maintain our prepara preparedness 0:18:14.800 --> 0:18:18.760 UH to deal with this pandemic. You know, it's funding testing, 0:18:19.160 --> 0:18:23.040 it's funding anti virals, it's funding vaccines. These are the 0:18:23.040 --> 0:18:26.520 things that we can't forget about, even if we are 0:18:26.600 --> 0:18:30.000 going to relieve our public health interventions. To have the 0:18:30.080 --> 0:18:33.080 testing capacity, we need to be able to give people 0:18:33.119 --> 0:18:37.040 antivirals quickly, and we need to give people vaccines as needed, 0:18:37.359 --> 0:18:41.240 as quickly as possible, and so we can relieve public 0:18:41.280 --> 0:18:44.600 health interventions. But this funding is important for those sort 0:18:44.600 --> 0:18:47.960 of baseline things that have to be done going forward, 0:18:47.960 --> 0:18:51.920 so we can maintain our preparedness for a potential surge. 0:18:52.200 --> 0:18:55.200 Although we hope that we won't be seeing more large surges. 0:18:55.840 --> 0:18:58.199 Only about thirty seconds left here, doctor, how do you 0:18:58.240 --> 0:19:01.560 see the pandemic at this point? Is covid endemic now? 0:19:01.720 --> 0:19:05.359 Is it a seasonal virus? How do you look at it? Yeah, 0:19:05.400 --> 0:19:08.280 we we we know it's going to be endemic. There's 0:19:08.359 --> 0:19:11.440 no way we will get rid of uh COVID nineteen. 0:19:11.960 --> 0:19:15.480 What we really are thinking about now is we don't 0:19:15.480 --> 0:19:18.800 want people to think that it's a minor threat because 0:19:18.800 --> 0:19:22.159 it's still causes some serious disease. We can deal with it. 0:19:22.240 --> 0:19:24.080 We have the tools to deal with We just have 0:19:24.160 --> 0:19:27.480 to use those tools efficiently now to maintain where we are. 0:19:28.400 --> 0:19:30.520 Thank you, Dr good having you on back with us. 0:19:30.640 --> 0:19:35.200 Dr Andy Peckosh, Professor of molecular microbiology and Immunology at 0:19:35.200 --> 0:19:38.199 the Johns Hopkins Bloomberg School of Public Health, which is 0:19:38.200 --> 0:19:41.200 supported by Michael Bloomberg. He's the founder and majority owner 0:19:41.280 --> 0:19:45.119 of Bloomberg LP, the parent company of Bloomberg Radio. Right now, 0:19:45.240 --> 0:19:49.000 SP futures down fifteen points, STAFF futures down one, NAZDAC 0:19:49.080 --> 0:19:52.320 futures down forty nine points, the tenure treasury down six 0:19:52.359 --> 0:19:55.800 thirty seconds, the yield two point nine three percent. The 0:19:55.880 --> 0:19:58.320 yield on the two year. Right now just shy of 0:19:58.400 --> 0:20:08.000 two point seven six. You're listening to Bloomberg Daybreak Bloomberg 0:20:08.000 --> 0:20:10.119 eleven three oh weather sunshine with a high close to 0:20:10.160 --> 0:20:13.440 seventy today, low sixties, partly sunny tomorrow, while have a 0:20:13.480 --> 0:20:15.480 mix of sun and clouds in the high near seventy 0:20:15.640 --> 0:20:18.680 on Sunday right now fifty three degrees in Central Park. 0:20:21.960 --> 0:20:26.520 Broadcasting live from the Bloomberg Interactive Broker Studio in New York. 0:20:26.600 --> 0:20:31.280 Bloomberg E Loving Freedom to Washington, d C, Bloomberg to Boston, 0:20:31.359 --> 0:20:34.760 Bloomberg one O six one to San Francisco, Bloomberg nine 0:20:34.880 --> 0:20:37.920 sixty to the Country, Sirius XM to the one nine ten, 0:20:38.080 --> 0:20:41.240 and around the globe, the Bloomberg Business apt and Bloomberg 0:20:41.320 --> 0:20:50.320 Radio dot Com. This is Bloomberg Daybreak and it's six 0:20:50.400 --> 0:20:52.960 thirty on Wall Street. Good morning. I'm Nathan Hagar and 0:20:53.000 --> 0:20:55.960 I'm Karen Moscow. We're just about three hours away from 0:20:56.000 --> 0:20:58.080 the open of US trading. Time for the five things 0:20:58.160 --> 0:20:59.919 you need to know to start your day, Brought to 0:21:00.080 --> 0:21:03.360 you by Interactive Broker Simple I b k R Global 0:21:03.400 --> 0:21:06.679 Trader app. Deposit in your local currency and trade stocks 0:21:06.680 --> 0:21:08.920 in the US, Europe and Asia. Start to your free 0:21:08.960 --> 0:21:12.680 trial at I p k R dot com slash Global Trader. 0:21:13.240 --> 0:21:16.240 First President Biden announced the US will send another one 0:21:16.240 --> 0:21:19.720 point three billion dollars in additional a to Ukraine. Retired 0:21:19.760 --> 0:21:23.280 Brigadier General Mark Kimmitt tells Bloomberg's Joe Matthew that the 0:21:23.359 --> 0:21:26.680 ghost of Jernes the US is sending should help Ukraine 0:21:26.720 --> 0:21:30.080 fight Russia. If they do have the capability to send 0:21:30.080 --> 0:21:34.879 out the suicide drones, with enough command of control keeping 0:21:34.880 --> 0:21:37.760 an eye on all this area, those suicide drones could 0:21:37.760 --> 0:21:43.040 probably stop a pretty massive tank assault, which is, as 0:21:43.080 --> 0:21:45.479 I said, the biggest single reward about in that section. 0:21:45.800 --> 0:21:48.800 And retired Brigadier General Mark Kimmitt speaking with our Washington 0:21:48.880 --> 0:21:52.680 corresponded Joe Matthew on Bloomberg Sound on airing weekdays at 0:21:52.680 --> 0:21:55.920 five pm Eastern on Bloomberg Radio. Turning to the economy, 0:21:56.000 --> 0:21:59.240 Karen Fed Chair J Powell outlined the Federal reserves plan 0:21:59.400 --> 0:22:02.280 for taming inflation. Our goal is to is to is 0:22:02.320 --> 0:22:04.520 to get demand, use our tools to get demand and 0:22:04.560 --> 0:22:07.919 supplied back in sync so that inflation moves down and 0:22:07.960 --> 0:22:10.920 do so without a slowdown that amounts to a recession. 0:22:11.200 --> 0:22:14.119 That's our goal. And I don't think you'll hear anyone 0:22:14.119 --> 0:22:16.200 at the FED say that that's going to be straightforward 0:22:16.280 --> 0:22:19.040 or easy. FED sher J. Palell says a half percentage 0:22:19.040 --> 0:22:21.119 point hike is on the table at the f y 0:22:21.160 --> 0:22:24.040 MC meeting in May, and to markets now now is 0:22:24.080 --> 0:22:27.240