WEBVTT - Bloomberg Daybreak: January 6, 2022 - Hour 1 (Radio) 0:00:02.240 --> 0:00:05.320 By from the Bloomberg Interactive Brooker Studios. Is It's Bloomberg 0:00:05.360 --> 0:00:09.160 Day Bright for Thursday, January six two, coming up this hour. 0:00:09.400 --> 0:00:12.520 The selloff continues overseas after the Fed makes a hawk 0:00:12.600 --> 0:00:15.800 Is shift on policy. Bitcoin continues its slide to trade 0:00:15.800 --> 0:00:18.880 at the lowest level since December's flash crash. C DC 0:00:19.040 --> 0:00:22.439 Advisor's issue new guidance on COVID booster shots for teams 0:00:22.680 --> 0:00:25.760 and the pandemic has hospitals facing there were staffing shortage 0:00:25.760 --> 0:00:28.480 in a year. New York City's Health commissioners suggests the 0:00:28.520 --> 0:00:31.280 city hasn't yet hits COVID fat plus. It's the one 0:00:31.360 --> 0:00:34.360 year anniversary of the Capital Ryot on Mike Labar four 0:00:34.479 --> 0:00:37.080 ahead of John Stash Aaron Sports Kyrie Irvu made his 0:00:37.159 --> 0:00:39.320 season debut live and nets to have come from behind 0:00:39.360 --> 0:00:41.920 the win in Indiana St John's when It's bigness open. 0:00:44.120 --> 0:00:47.960 That's all straight ahead on Bloomberg Day Break on Bloomberg 0:00:48.000 --> 0:00:52.920 Elementary on New York, Bloomberg one, Washington, d C, Bloomberg 0:00:52.920 --> 0:00:56.680 one O six one, Boston, Bloomberg nine sixties, San Francisco, 0:00:57.040 --> 0:01:00.240 Sirius x M one nineteen and around the World Old 0:01:00.280 --> 0:01:03.760 on Bloomberg Radio dot com and via the Bloomberg Business Here. 0:01:08.160 --> 0:01:11.120 Good morning. I'm Nathan Hagar and I'm Karen Moscow and 0:01:11.240 --> 0:01:14.679 US dot index futures are little change this morning. We're 0:01:14.720 --> 0:01:16.200 coming up to five out one on Wall Street and 0:01:16.200 --> 0:01:18.320 we check the markets every fifteen minutes throughout the trading 0:01:18.400 --> 0:01:21.199 day on Bloomberg. S and P futures are a little change, 0:01:21.240 --> 0:01:25.080 So our down futures. Nasday futures are lower, down thirty five, 0:01:25.160 --> 0:01:27.520 the ten year treasury down five thirty seconds. He at 0:01:27.560 --> 0:01:30.200 one point seven two percent, yield on the two year 0:01:30.280 --> 0:01:33.240 point eight five percent, and I'm x screwed oil is 0:01:33.319 --> 0:01:36.000 up three tenths of a percent. Nathan, Karen. Let's look 0:01:36.040 --> 0:01:38.120 at yesterday sell off on Wall Street, which saw the 0:01:38.200 --> 0:01:41.839 nasdack drop three point three percent. The decline came after 0:01:41.880 --> 0:01:45.120 the Federal Reserve signal to more aggressive timeline for interest 0:01:45.200 --> 0:01:48.600 rate hikes. Brian Levitt is a global strategist at Investco. 0:01:49.080 --> 0:01:52.240 The early stages of a tightening cycle, and as we know, 0:01:52.400 --> 0:01:55.080 it's usually not the first rate hike that matters, it's 0:01:55.160 --> 0:01:58.480 usually the last one. And even though we're dealing with 0:01:58.520 --> 0:02:01.360 this today, as we often do, when we start to 0:02:01.360 --> 0:02:04.000 see signs for the first move. I still think we're 0:02:04.040 --> 0:02:06.320 a long ways away from nat West rate hip that 0:02:06.440 --> 0:02:09.880 ends the cycle. Investco Global strategist Brian Levitt says he 0:02:09.919 --> 0:02:12.760 sees this sell off as a buying opportunity. Tenure treasury 0:02:12.840 --> 0:02:15.160 yields this morning or trading at their highest level since 0:02:15.240 --> 0:02:18.320 April and Nathan the text sell off continued in Asia 0:02:18.440 --> 0:02:21.840 over night. Japan led the decline as then nick sled 0:02:21.880 --> 0:02:25.000 two point eight percent. Let's get the details from Bloomberg's 0:02:25.080 --> 0:02:28.560 Juliette Sally and Singapore. Good morning, Juliette, Good morning, Karen. 0:02:28.600 --> 0:02:30.680 The m s c I Asia Pacific Index fell for 0:02:30.760 --> 0:02:33.000 a third session in full, with the gauge of tech 0:02:33.000 --> 0:02:36.000 shares among the worst performing. The hang SENGG Tech index 0:02:36.040 --> 0:02:39.480 fell for a fourth day. Yield spiked, with Japan's tenure 0:02:39.480 --> 0:02:42.560 at its highest since April. Japanese equity suffered their worst 0:02:42.600 --> 0:02:45.320 day since June, while Australia's market had its worst day 0:02:45.320 --> 0:02:48.280 in eleven months and Hong Kong reopening stocks were here 0:02:48.400 --> 0:02:51.160 as the city imposed tighter restrictions for the first time 0:02:51.160 --> 0:02:54.920 in almost a year. In Singapore, Juliet Sally Bloomberg daybreak 0:02:55.000 --> 0:02:57.640 all right, Juliette. Thank you. We're also watching bitcoin trade 0:02:57.639 --> 0:03:00.880 at its lowest level since December's flash crash. Right now, 0:03:00.880 --> 0:03:04.079 it's at forty two thousand, six hundred forty dollars. Let's 0:03:04.080 --> 0:03:07.040 get the latest from Bloomberg's Nita Young. Rinita Nathan the 0:03:07.040 --> 0:03:09.880 fifth hawk is tilt saw Bitcoin fall by about thirty 0:03:09.880 --> 0:03:13.640 five hundred dollars. Other cryptals like Ether and finance coin 0:03:13.760 --> 0:03:17.840 also slumped to lowe's not seen since October. Bitcoins climb 0:03:17.919 --> 0:03:21.720 over the past few years coincided with strong stimulus measures 0:03:21.720 --> 0:03:24.160 by the FIT. Now the question is how will it 0:03:24.240 --> 0:03:27.639 react as the central bank pulls back on accommodation. Since 0:03:27.680 --> 0:03:30.639 it's all time high in November, bitcoin is down about 0:03:30.639 --> 0:03:35.800 twenty Nita Young, Bloomberg Daybreak, Thanks Rinita. Turning to the pandemic. Now, 0:03:35.920 --> 0:03:38.120 we have a new recommendation on booster shots are in 0:03:38.120 --> 0:03:42.080 the CDC Agency advisors say vaccinated team should now get 0:03:42.120 --> 0:03:45.240 a third do sudvisor's shot, and Bloomberg said Baxter has 0:03:45.240 --> 0:03:47.880 the story. The panel says it's important for twelve to 0:03:47.960 --> 0:03:50.640 seventeen year olds to get vaccinated to keep schools open. 0:03:51.080 --> 0:03:53.960 This has twelve to fifteen year olds to the advisory 0:03:54.000 --> 0:03:57.720 already in place. Dr Rochelle Lensky has final say, but 0:03:57.880 --> 0:04:00.120 has said that it's important to try and cut the 0:04:00.120 --> 0:04:02.920 severity of all macrod and she says the spread of 0:04:02.920 --> 0:04:05.480 A macron has gone up in a straight line. Based 0:04:05.480 --> 0:04:09.080 on CDC genomic sequencing, we now estimate that O macron 0:04:09.200 --> 0:04:13.600 represents about percent of cases in the country. Says it's 0:04:13.640 --> 0:04:18.120 important for teens to get boosted. In San Francisco, I'm 0:04:18.120 --> 0:04:20.960 at Baxter Bloomberg Daybreak. Thanks, and we continue to see 0:04:20.960 --> 0:04:23.600 the impact of O macron on the healthcare system. US 0:04:23.720 --> 0:04:26.600 hospitals are facing their worst staffing shortage in a year. 0:04:26.720 --> 0:04:29.039 According to the Department of Health and Human Services data, 0:04:29.080 --> 0:04:32.800 about twenty percent of hospitals report critical staffing levels. That's 0:04:32.800 --> 0:04:37.840 the most since December. Meantime, tennis star Novak Djokovic is 0:04:37.880 --> 0:04:41.000 making waves off the court. His chance to play for 0:04:41.080 --> 0:04:44.120 a tenth Australian Open title is in limbo. The country 0:04:44.160 --> 0:04:46.760 denied him entry and canceled his visa because he failed 0:04:46.800 --> 0:04:50.680 to meet requirements for an exemption to COVID vaccination rules. 0:04:50.720 --> 0:04:54.279 And Scott Morrison is the Prime Minister of Australia rules 0:04:55.040 --> 0:04:58.280 rules and there are no special cases entry with a 0:04:58.440 --> 0:05:03.600 visa requires double vaccination or I medical exemption. I'm advised 0:05:03.760 --> 0:05:06.520 that such an exemption was not in place and as 0:05:06.520 --> 0:05:09.120 a result he is subject to the sign rule as 0:05:09.200 --> 0:05:13.680 anyone else. Australian Prime Minister Scott Morrison denies any suggestion 0:05:13.720 --> 0:05:17.200 that Djokovic is being singled out. Well the pandemics effect 0:05:17.200 --> 0:05:19.480 on the labor markets and focus as well, Karen. We're 0:05:19.480 --> 0:05:22.640 gonna get data on jobless claims plus trade and services 0:05:22.680 --> 0:05:26.480 activity this morning. Bloomberg's Viney del Judas reports economists a 0:05:26.560 --> 0:05:30.159 weekly jobless claims will probably halt their half century lows 0:05:30.160 --> 0:05:33.320 as employers filled record job openings. The labor market has 0:05:33.360 --> 0:05:38.080 scored a solid recovery since the pandemic crash. Meantime, November's 0:05:38.120 --> 0:05:42.559 trade Davis could tire record as domestic demand rebounds. Also today, 0:05:42.680 --> 0:05:45.839 data on America's service industry should signal growth, though not 0:05:45.920 --> 0:05:48.479 as robust as November, when the I s M Non 0:05:48.520 --> 0:05:53.119 Manufacturing index set a record. Finny Judai Sploomberg Day Break, Finny, 0:05:53.200 --> 0:05:55.720 thank you, Fed Policy front and center. But there's also 0:05:55.800 --> 0:05:58.440 other news on the Central Bank. Sources tell us President 0:05:58.480 --> 0:06:01.800 Biden could pick former Governor Sarah bloom Rashkin for the 0:06:01.880 --> 0:06:05.760 Central Banks top regulatory post became more from Bloombergh Sterley Pillet. 0:06:06.240 --> 0:06:09.800 It's a move that would please senators demanding swift action 0:06:09.920 --> 0:06:13.280 on climate change. Senator Sheldon white House, who has been 0:06:13.320 --> 0:06:16.640 active on the climate issue, tweeted that a Raskin nomination 0:06:16.720 --> 0:06:19.559 as the FEDS Vice Chair for Supervision would be quote 0:06:19.760 --> 0:06:23.440 good news. The Rhode Island Democrats says Raskin really gets 0:06:23.480 --> 0:06:27.080 it on climate, and Senator Ben Cardon of Maryland predicts 0:06:27.160 --> 0:06:31.320 Raskin will be easily confirmed in New York. Charlie Peate 0:06:31.360 --> 0:06:33.920 Bloomberg day Break, Thanks Charlie, and speaking of climate, we 0:06:33.960 --> 0:06:36.400 have a new entry into the electric vehicle market. General 0:06:36.480 --> 0:06:40.080 Motors is introducing a battery powered pickup truck. CEO Mary 0:06:40.160 --> 0:06:43.320 Barra showed off the new Chevrolet Silverado at CES in 0:06:43.480 --> 0:06:46.440 Las Vegas. Meantime, when it comes to the overall industry, 0:06:46.480 --> 0:06:49.679 Bara says, the chip shortage is easy but still isn't resolved. 0:06:49.920 --> 0:06:52.440 I would say every quarter it gets a little bit better, 0:06:52.680 --> 0:06:57.120 and so we're seeing a better Q one than Q four, 0:06:57.240 --> 0:06:59.040 but we still think it's going to linger into the 0:06:59.120 --> 0:07:01.520 first half of this year, and we should be farther 0:07:01.640 --> 0:07:03.080 out of it by the end of this year, but 0:07:03.200 --> 0:07:06.000 we're not through it yet. G M CEO Mary Barra 0:07:06.080 --> 0:07:08.640 made those comments in an interview with Bloomberg's David Weston. 0:07:08.680 --> 0:07:12.160 You can catch the full conversation at bloomberg dot com. 0:07:12.880 --> 0:07:15.880 Futures holding study at the moment. Straight ahead your latest 0:07:15.960 --> 0:07:19.240 local headlines in the check of sports. This is Bloomberg 0:07:23.600 --> 0:07:25.440 and it's five oh seven on Wall Street. We've got 0:07:25.480 --> 0:07:28.960 an accident investigation into Jericho Turnpike by Herrick's Road in 0:07:29.040 --> 0:07:31.880 Nasau County. Details coming up shortly from Peter Van. First 0:07:32.000 --> 0:07:33.920 Michael Barr with more on what's going on in New 0:07:33.960 --> 0:07:36.200 York and around the world the morning, Michael, Good morning, 0:07:36.280 --> 0:07:38.480 nain Than. Americans are preparing to day to mark of 0:07:38.520 --> 0:07:41.920 one year anniversary of the Capitol riot. President Joe Biden 0:07:41.960 --> 0:07:46.200 plans to speak about unity to a politically fractured nation. Yesterday, 0:07:46.320 --> 0:07:50.080 US Attorney General Merrick Garland spoke about the attack. Whether 0:07:50.160 --> 0:07:54.640 they were present that day or were otherwise criminally responsible 0:07:54.760 --> 0:07:58.800 for the assault on our democracy, we will follow the 0:07:59.000 --> 0:08:04.200 facts wherever they lead. Carland says more than seven people 0:08:04.280 --> 0:08:06.840 have been arrested for their roles in the Capital attack 0:08:07.280 --> 0:08:10.120 the Try State area. It's preparing for a new wave 0:08:10.240 --> 0:08:13.440 of winter weather. Bloomberg met a religious Rob Caroline has 0:08:13.480 --> 0:08:16.480 the latest, Michael. The National Weather Services put a winter 0:08:16.640 --> 0:08:19.120 weather advisory and effect for the Tristate area from midnight 0:08:19.200 --> 0:08:21.960 tonight through noon tomorrow. Storm system passing south of the 0:08:22.000 --> 0:08:24.800 region will produced snow around midnight tonight, should end by 0:08:24.880 --> 0:08:27.400 midday tomorrow. Tracks still a little bit up in the air, 0:08:27.520 --> 0:08:29.200 as is the strength, so right now it looks like 0:08:29.240 --> 0:08:31.000 at least a couple of inches as possible for the 0:08:31.040 --> 0:08:33.800 Tri State area. Will probably be refining the numbers over 0:08:33.800 --> 0:08:35.360 the next twenty four hours, but I could see at 0:08:35.440 --> 0:08:37.920 least one to three inches across the city, maybe a 0:08:37.960 --> 0:08:40.840 little bit more north and west of town. Michael, Thank you, Rob. 0:08:40.960 --> 0:08:44.600 New York City Health Commissioner Dave Chotsky said the COVID 0:08:44.760 --> 0:08:48.480 data suggests the city hasn't yet hit a peak in 0:08:48.600 --> 0:08:52.360 the omicron fueled spike of corunavirus cases in recent weeks. 0:08:52.760 --> 0:08:56.240 Chotsky says cases are still increasing because we are seeing 0:08:56.440 --> 0:08:59.839 unprecedented case counts during this amicron wave, as you know, 0:09:00.559 --> 0:09:04.400 over thirty cases a day on the seven day average, 0:09:04.600 --> 0:09:08.040 and we are seeing the impact in our hospitals. Dr 0:09:08.120 --> 0:09:11.559 Chotsky encouraged New Yorkers to continue getting booster shots and 0:09:11.760 --> 0:09:15.280 wear masks. New York Governor Kathy HOCl gave her first 0:09:15.320 --> 0:09:18.600 State of the State address. Her plans put health at 0:09:18.640 --> 0:09:21.480 the top of the to do list, including a ten 0:09:21.600 --> 0:09:25.480 billion dollar increase for the medical workforce. A once in 0:09:25.520 --> 0:09:30.599 a lifetime pandemic demands once in a lifetime response, and 0:09:30.800 --> 0:09:34.000 that's why I'm setting an ambitious goal to grow our 0:09:34.120 --> 0:09:39.240 healthcare workforce by over the next five years. Governor HOCl 0:09:39.280 --> 0:09:42.520 also called for investments in housing and renewable energy. The 0:09:42.640 --> 0:09:46.000 judge in Galaane Maxwell sex trafficking trial ass prosecutors and 0:09:46.080 --> 0:09:48.760 defense lawyers the briefer on whether a new trial is 0:09:48.840 --> 0:09:53.040 needed over media comments made by a juror. Maxwell's lawyers 0:09:53.160 --> 0:09:55.240 told the judge that they would seek a new trial 0:09:55.320 --> 0:09:59.520 because the juror failed to disclose a possible bias against Maxwell. 0:10:00.000 --> 0:10:01.679 Will needs twenty four hours a day only here and 0:10:01.800 --> 0:10:03.840 on Bloomberg Quick Today Power about more than twenty seven 0:10:03.920 --> 0:10:06.440 hundred journalists and analysts, more than a hundred twenty countries 0:10:06.480 --> 0:10:08.680 and Michael bar this is Bloomberg NA. Thank you, Michael. 0:10:13.000 --> 0:10:14.800 If I sent on Wall Street time for the Bloomberg 0:10:14.840 --> 0:10:17.360 Sports that taking morning John Sanshowen, Good morning Nathan. There's 0:10:17.360 --> 0:10:19.840 been a lot of questions about Kyrie Irving, like why 0:10:19.960 --> 0:10:22.800 he's refused to get the vaccine even with the mandate 0:10:22.880 --> 0:10:25.599 in New York. There's never been any question about his 0:10:25.720 --> 0:10:28.280 ability to play basketball. So there was Kyrie last night 0:10:28.320 --> 0:10:30.559 at indianamaking his season debut for the Nets. The team 0:10:30.600 --> 0:10:33.520 had originally said they didn't want them at all, that 0:10:33.720 --> 0:10:35.560 was gonna be only for games on the road. They 0:10:35.760 --> 0:10:39.000 changed their mind, and Kyrie s for twenty two points 0:10:39.040 --> 0:10:41.640 in thirty two minutes, held Brooklyn to have come from 0:10:41.640 --> 0:10:48.280 behind one victory. So nervous, U naturally, you know, as 0:10:48.320 --> 0:10:51.400 a performer, I still get nervous. But that first shot 0:10:51.520 --> 0:10:54.080 was like and I wanted to go in and then um, 0:10:54.160 --> 0:10:58.240 I settled down closer to the second half. You know what, 0:10:58.360 --> 0:11:01.880 once I came back out and I just whatever, I'm 0:11:01.880 --> 0:11:05.120 just gonna do. I know, everyone's Devin Duran is always 0:11:05.120 --> 0:11:07.160 a big part of the win. Katie scored thirty nine 0:11:07.280 --> 0:11:09.840 nets end of the three game losing Street Nixon Celtics 0:11:09.880 --> 0:11:11.400 tonight at the Garden start of a home at home 0:11:11.440 --> 0:11:14.480 They'll play Saturday in Boston. Red Out Rangers skate tonight 0:11:14.559 --> 0:11:18.160 in Vegas. St. John's first games ince December eighteen. After 0:11:18.360 --> 0:11:21.400 four postponements, Red Storm finally had their Big East opener 0:11:21.400 --> 0:11:24.880 and award a game for Julian Tim Pagny thirty four points, 0:11:24.920 --> 0:11:29.320 sixteen rebound. St. John's Vite de Paul four. Syricus lost 0:11:29.360 --> 0:11:32.319 by one at Miami. Villanova won by thirty four over 0:11:32.440 --> 0:11:34.959 Creighton and Sonio. Brown says he had an m r 0:11:35.040 --> 0:11:37.560 I done on his ankle and it confirms he has 0:11:37.600 --> 0:11:40.480 an injury that prevented him from playing last Sunday. His 0:11:40.559 --> 0:11:43.439 Tamba Bay coach Bruce Arians, wanted him to play, They argued, 0:11:43.760 --> 0:11:46.800 Brown then took off his jersey and left MetLife Stadium. 0:11:46.800 --> 0:11:49.040 Arians then said browns no longer with the team, but 0:11:49.160 --> 0:11:51.640 the Bucks have still not released him. John stash Etward 0:11:51.640 --> 0:11:55.040 Bloomberg Sports Stapen, John thanks sessp Futures right now up 0:11:55.080 --> 0:11:58.080 a point, Death Futures up forty six, Sect Futures down 0:11:58.520 --> 0:12:02.559 fourteen points tenor Trey yield one point seven. This is 0:12:02.600 --> 0:12:09.960 Bloomberg Bloomberg eleven three oh Weather under winter weather advisory 0:12:10.000 --> 0:12:11.480 on the mix of sun and clouds today with a 0:12:11.520 --> 0:12:14.440 hindheer forty degrees, one to three inches of snow possible 0:12:14.520 --> 0:12:17.960 early tomorrow, hides in the low thirties into Saturday. Currently 0:12:18.080 --> 0:12:24.760 thirty nine in Central Park Markets. Headlines and breaking news 0:12:24.920 --> 0:12:27.480 twenty four hours a day at Bloomberg dot Com, the 0:12:27.559 --> 0:12:31.079 Bloomberg Business at and at Bloomberg Quick Tape. He's a 0:12:31.120 --> 0:12:40.280 Bloomberg Business lash and I'm Karen Moscow. Seeing a little 0:12:40.320 --> 0:12:43.840 improvement in futures this morning. Nowesday future is still lower, 0:12:43.960 --> 0:12:48.240 but trimming declines down about thirteen points. SMP futures little changed, 0:12:48.320 --> 0:12:50.880 and DOWN futures are up forty one now. The decks 0:12:50.920 --> 0:12:53.480 in Germany is down about one percent, the ten year 0:12:53.520 --> 0:12:56.600 treasury down seven thirty seconds, YELD one point seven three percent. 0:12:56.679 --> 0:12:58.840 They yield on the two year point eight five percent. 0:12:59.280 --> 0:13:01.120 Nine X screw to ails up six tenths per cent, 0:13:01.240 --> 0:13:03.559 or forty four cents at seventy eight dollarsty one cents 0:13:03.600 --> 0:13:06.280 a barrel comic school down one point seven percent on 0:13:06.400 --> 0:13:09.120 thirty dollars nineties cents at seventeen ninety four and ounce. 0:13:09.520 --> 0:13:12.679 The euro one point one three one eight against the dollar. 0:13:12.720 --> 0:13:15.720 British found one point three five to seven and against 0:13:15.720 --> 0:13:18.559 at one fifteen point eight seven and big point this morning, 0:13:18.600 --> 0:13:22.000 moving lower at forty two thousand, seven hundred dollars as 0:13:22.040 --> 0:13:25.240 a Bloomberg business flashow, here's nuchle bar laclore unless going 0:13:25.280 --> 0:13:27.839 on around the world bubble, Good morning, Good morning, Karen. 0:13:27.920 --> 0:13:32.480 Chicago public schools classes are canceled again today after the 0:13:32.559 --> 0:13:36.199 teachers union and CPS officials failed to reach deal. The 0:13:36.360 --> 0:13:39.600 union voted to switch to remote learning until January eighteenth 0:13:39.760 --> 0:13:43.560 due to COVID, but city officials maintain in person learning 0:13:43.640 --> 0:13:47.720 remains essential to student success. Russia pledged to send troops 0:13:47.760 --> 0:13:51.880 to quell deadly protests in Kazakhstan. Police say dozens of 0:13:51.960 --> 0:13:55.520 anti government protesters were killed by security forces and officers 0:13:55.559 --> 0:13:59.200 were killed after Kazakhstan's president ordered an operation to put 0:13:59.280 --> 0:14:03.320 down the demonst rations. Australian Open champion Novak Djokovic has 0:14:03.360 --> 0:14:07.599 been denied entry into Australia. Federal officials over ruled the 0:14:07.640 --> 0:14:10.599 state vaccine exemption for the tennis star that sparked a 0:14:10.679 --> 0:14:14.520 national uproar. In the NBA, Kyrie Irving made his return 0:14:14.600 --> 0:14:19.040 as the Nets down the Pacers, the Celtics, Wizards and 0:14:19.120 --> 0:14:22.280 Warriors all lost global news twenty four hours a day 0:14:22.320 --> 0:14:24.880 on here and on Bloomberg Quick Tank, powered by more 0:14:24.960 --> 0:14:27.360 than twenty seven hundred journalists and analysts more than a 0:14:27.560 --> 0:14:31.680 d twenty countries. Michael Barr, this is Bloomberg Naked. Michael, 0:14:31.720 --> 0:14:33.880 thank you. It's five nineteen on Wall Street, Live from 0:14:33.880 --> 0:14:37.000 the Bloomberg Interactor Broker Studios. This is Bloomberg Daybreak. On 0:14:37.080 --> 0:14:41.160 this January six, a year to the day of a 0:14:41.360 --> 0:14:46.320 dark moment in this country, the Deadly Capital Insurrection. One 0:14:46.440 --> 0:14:50.560 year ago today, President Biden plans to mark this anniversary 0:14:51.000 --> 0:14:53.800 with a new push for voting rights and a blistering 0:14:53.880 --> 0:14:57.360 critique a former President Donald Trump. For more, we're joined 0:14:57.400 --> 0:15:02.120 by Greg Valier, chief US policy strategist at a GF Investments. Greg, 0:15:02.440 --> 0:15:05.800 thanks for being with us on this morning as we 0:15:05.920 --> 0:15:09.360 reflect on what was a very dark day for this country. 0:15:09.480 --> 0:15:13.400 The polarization doesn't seem to have gone away over the 0:15:13.520 --> 0:15:19.400 last year. Has anything changed since January six? Well, regrettably, Nathan, No, 0:15:19.680 --> 0:15:22.480 I don't think a lot of change. Trump still has 0:15:22.560 --> 0:15:26.360 tremendous support within his own party. He gets to choose 0:15:26.480 --> 0:15:29.480 who are the nominees, and a lot of key races. 0:15:30.360 --> 0:15:35.160 I do think this committee investigating the riot may come 0:15:35.280 --> 0:15:38.240 up with some proposals like changing the electoral vote come 0:15:38.960 --> 0:15:43.240 maybe even referring this to the Justice Department for prosecution. 0:15:43.840 --> 0:15:46.960 But at the same time, I don't think that there 0:15:46.960 --> 0:15:49.920 will be dramatic changes coming out of this very ugly, 0:15:50.280 --> 0:15:54.160 ugly day. From what we understand from the White House, 0:15:54.200 --> 0:15:57.360 President Biden, when he speaks later this morning from the 0:15:57.520 --> 0:16:01.080 US Capital, is going to point the finger at former 0:16:01.120 --> 0:16:06.960 President Trump, calling him singularly responsible for what happened on 0:16:07.240 --> 0:16:12.080 January six. Why could a pivot back to focusing on 0:16:12.240 --> 0:16:17.120 former President Trump mean for this current presidency. Well, this 0:16:17.280 --> 0:16:20.560 current president is in real trouble, probably going to lose 0:16:20.640 --> 0:16:24.200 the House in the fall, under fire for his handling 0:16:24.360 --> 0:16:29.840 of a very confusing rhetoric on COVID, under fire for inflation, 0:16:30.440 --> 0:16:33.880 under fire for immigration, urban crime, you name it. So 0:16:34.640 --> 0:16:38.440 the Democrats need, I think, something to rally around. And 0:16:38.680 --> 0:16:42.600 there is that three hour period Nathan, during the riot 0:16:42.680 --> 0:16:47.360 where Donald Trump apparently just watched television happily looking at 0:16:47.400 --> 0:16:50.280 the rioters, thinking that maybe there was still a chance 0:16:50.360 --> 0:16:53.720 he could retain the presidency. There's a lot of emails 0:16:53.760 --> 0:16:57.320 that would confirm that, and I think that the Democrats 0:16:57.440 --> 0:17:00.800 will will try to get those popular sized and of 0:17:00.920 --> 0:17:03.000 course that points back to the work that's happening with 0:17:03.080 --> 0:17:06.200 the January sixth Committee. You mentioned the possibility of more 0:17:06.359 --> 0:17:09.200 criminal referrals. Do you think that that really could go 0:17:09.480 --> 0:17:13.959 as far up as former President Trump himself potentially facing 0:17:13.960 --> 0:17:18.320 at least the possibility of criminal prosecution. Yes, I do, 0:17:19.000 --> 0:17:21.919 and I think that even if that doesn't happen, Nathan, 0:17:22.320 --> 0:17:25.959 there's a tidal wave of litigation coming at Trump now. 0:17:26.080 --> 0:17:29.320 His specialty is delaying and delaying and delaying, and it 0:17:29.440 --> 0:17:31.560 may not affect him right away, but I think this 0:17:32.080 --> 0:17:36.800 crush of litigation is making some Republicans, not the majority, 0:17:36.880 --> 0:17:40.119 but some Republican moderates think that Trump could be more 0:17:40.200 --> 0:17:42.680 troubled than he's worth in the next couple of years. 0:17:43.160 --> 0:17:45.399 But that at the same time, as you mentioned, former 0:17:45.440 --> 0:17:49.399 President Trump does still have this hold on the Republican 0:17:49.520 --> 0:17:53.840 Party as it stands now. Do you expect that to continue? 0:17:54.440 --> 0:18:00.600 What even with the possibility of potential criminal action against Well, 0:18:00.720 --> 0:18:02.680 he's raising a ton of money. Good story in the 0:18:02.720 --> 0:18:05.920 New York Times yesterday about his fundraising and about a 0:18:06.000 --> 0:18:09.800 big rally he plans for February twenty three at Mara Lago. 0:18:10.160 --> 0:18:14.280 So he's aggressively running, and while he does, I think 0:18:14.440 --> 0:18:19.639 most Republican contenders for the presidency in are going to 0:18:19.720 --> 0:18:24.679 be frozen unwilling to take him on now last minute here, Greg, 0:18:24.920 --> 0:18:28.360 we're expecting that there's going to be a lot more 0:18:28.440 --> 0:18:32.200 focused now on voting rights legislation, tying what happened on 0:18:32.320 --> 0:18:36.159 January six to a push for voting rights reform at 0:18:36.200 --> 0:18:38.840 the federal level. Do you see momentum for that? What 0:18:38.960 --> 0:18:43.120 could it mean for the rest of President Biden's domestic agenda, 0:18:43.200 --> 0:18:47.840 particularly the economic side. Well, Frankly, I don't get Chuck 0:18:47.920 --> 0:18:49.760 Schumer saying that he's going to vote on this. He 0:18:49.800 --> 0:18:53.320 doesn't have the votes to change to have voting reform 0:18:53.800 --> 0:18:57.400 that ironically would get filibustered, So I don't think he's 0:18:57.400 --> 0:19:01.480 going to succeed there. There could be a renewed effort 0:19:01.560 --> 0:19:05.680 for more fiscal spending coming out of the variant, and 0:19:06.040 --> 0:19:07.720 I think in the next few days one of the 0:19:07.800 --> 0:19:10.879 intriguing stories will be whether the Democrats come up with 0:19:10.960 --> 0:19:15.440 still another bill that would spend more for for restaurants, hotels, 0:19:15.880 --> 0:19:19.720 and maybe even include a child tax credit. Yeah, talking 0:19:19.760 --> 0:19:25.280 about the possibility of yet more coronavirus related stimulus. On 0:19:25.359 --> 0:19:28.320 the business side, Greg Valiere as always good to have 0:19:28.480 --> 0:19:32.240 your insights, particularly on a day like this. Greg Valier's 0:19:32.320 --> 0:19:36.880 chief US policy strategist at a GF Investments. Looking ahead 0:19:36.920 --> 0:19:39.600 to the market open um, starting to see a pickup 0:19:39.640 --> 0:19:43.080 in futures now with SMP futures up five points, doubt 0:19:43.119 --> 0:19:47.159 futures up seventy NASTAC futures giving back quite a few 0:19:47.200 --> 0:19:50.200 of their losses. They're down now only four points in 0:19:50.240 --> 0:19:53.000 the tenure treasury yield one point seven three per cent. 0:19:53.960 --> 0:19:55.920 Just to add more on the sharp market reactions of 0:19:55.960 --> 0:19:59.440 the Fed minutes and teams, a step posted of fiser boosters. 0:20:00.000 --> 0:20:01.880 As we check your top stories of the morning here 0:20:02.400 --> 0:20:09.040 on Bloomberg day Break Bloomberg eleven three oh weather mix 0:20:09.080 --> 0:20:11.240 of sun and clouds today, the high near forty degrees 0:20:11.320 --> 0:20:13.960 winter weather advisory with one to three inches of snow 0:20:14.080 --> 0:20:18.119 possible early tomorrow. Highs tomorrow and Saturday in the low thirties. 0:20:18.200 --> 0:20:26.240 Currently thirty nine crodcasting live from the Bloomberg Interactive Broker 0:20:26.400 --> 0:20:30.080 Studio in New York. Bloomberg eleving free to Washington, d C. 0:20:30.280 --> 0:20:33.680 Bloomberg ninety nine one to Boston, Bloomberg one O six 0:20:33.800 --> 0:20:36.960 one to San Francisco, Bloomberg N sixty to the country 0:20:37.080 --> 0:20:40.080 Sirius XM H one nine ten, and around the globe 0:20:40.200 --> 0:20:44.159 the Bloomberg business in Bloomberg Radio dot Com. This is 0:20:44.200 --> 0:20:52.960 Bloomberg Daybreak. It's five thirty on Wall Street. Good morning, 0:20:53.040 --> 0:20:55.800 I'm beatin later and I'm Karen Moscow. We are just 0:20:55.880 --> 0:20:58.280 about four hours away from the open of US trading. 0:20:58.359 --> 0:20:59.680 Let's get you have to date in the news you 0:20:59.760 --> 0:21:02.320 need to know at this shower. US futures are mixed 0:21:02.400 --> 0:21:05.560 this morning following yesterday's text sell off ten your yields. 0:21:05.600 --> 0:21:08.000 You're trading near the highest level since April after the 0:21:08.040 --> 0:21:11.200 FED signal the more aggressive timeline for interest rate hikes. 0:21:11.440 --> 0:21:14.960 Brian Levitt is a global strategist at Investco. We should 0:21:15.000 --> 0:21:20.000 expect volatility to return to markets when we get unexpected 0:21:20.040 --> 0:21:22.040 results at a central bankers, so that tends to be 0:21:22.160 --> 0:21:26.040 we're draw downs and volatility emerges out of unexpected policy 0:21:26.119 --> 0:21:30.679 decisions and policy uncertainty. Invest Goo global strategist Bryan Levitt 0:21:30.720 --> 0:21:33.439 says he sees this sell off as a buying opportunity. 0:21:33.640 --> 0:21:35.639 We caught up in yesterday's sell off, Karen, the so 0:21:35.840 --> 0:21:38.399 called meme stocks. We get more on that side of 0:21:38.440 --> 0:21:42.520 the market from Bloomberg's Charlie Pellett, AMC down eleven percent, 0:21:42.720 --> 0:21:46.600 games stop down, and that helps send the basket of 0:21:46.720 --> 0:21:50.000 meme stocks tracked by Bloomberg to its lowest closed since 0:21:50.160 --> 0:21:53.320 January twenty one, when the market was swept up in 0:21:53.400 --> 0:21:57.320 the rise of retail trader driven surges. The route tracked 0:21:57.400 --> 0:22:01.080 other retail favorites lower, including bed Bath and Beyond and 0:22:01.320 --> 0:22:05.520 Stem Inc, which both fell about eleven percent in New York. 0:22:05.640 --> 0:22:08.440 Charlie Pellot Bloomberg day break right, Charlie, thank you. We're 0:22:08.440 --> 0:22:11.480 also seeing Bitcoin trading at its lowest level since December's 0:22:11.520 --> 0:22:15.399 flash crash. Right now, it's at forty eight hundred eighty dollars. 0:22:15.480 --> 0:22:18.399 And here with more is Bloomberg's or needing Young Karen 0:22:18.480 --> 0:22:21.240 the fitz hawk is tilt saw Bitcoin fall by about 0:22:21.359 --> 0:22:25.120 thirty five hundred dollars. Other cryptos like Ether and finance 0:22:25.160 --> 0:22:28.720 coin also slumped the lows not seen since October. The 0:22:28.920 --> 0:22:32.480 entire sector is pretty much under pressure. Bitcoin mining stocks 0:22:32.520 --> 0:22:36.440 tumbled as analysts reconsider their outlooks after a record breaking year. 0:22:36.800 --> 0:22:39.720 Since it's all time high in November, bitcoin is down 0:22:39.800 --> 0:22:44.399 about twent We need a young Bloomberg daybreak. Thanks on 0:22:44.480 --> 0:22:46.840 the pandemic front. This morning, we have a new recommendation 0:22:46.920 --> 0:22:50.440 on booster shots from the CDC Agency Advisors now recommend 0:22:50.560 --> 0:22:53.280 vaccinated teens as young as twelve years old get a 0:22:53.359 --> 0:22:57.120 COVID nineteen booster from Fiser and Nathan. At the same time, 0:22:57.200 --> 0:22:59.520 the impact of the omicron variant is weighing on the 0:22:59.560 --> 0:23:02.639 healthcare or system. US hospitals are facing their worst is 0:23:02.680 --> 0:23:05.960 staffing shortage in a year. According to Department of Health 0:23:06.000 --> 0:23:09.199 and Human Services data, about twenty percent of hospitals report 0:23:09.440 --> 0:23:14.240 critical staffing levels. And right now NASADACK futures are trimming 0:23:14.320 --> 0:23:16.879