1 00:00:02,520 --> 00:00:06,000 Speaker 1: Live from the Bloomberg Interactive Brokers studios. This is Bloomberg 2 00:00:06,040 --> 00:00:09,799 Speaker 1: day Break for Wednesday, March two. Coming up this hour, 3 00:00:09,920 --> 00:00:13,000 Speaker 1: President Biden hits to Europe to push for tougher sanctions 4 00:00:13,000 --> 00:00:16,560 Speaker 1: on Russia. Supreme Court Nominique Kasangi Brown Jackson's on Capitol 5 00:00:16,640 --> 00:00:19,840 Speaker 1: Hill for day three of confirmation hearings, and global bomb 6 00:00:19,840 --> 00:00:23,599 Speaker 1: markets suffer on present headed losses since peaking last year. 7 00:00:23,880 --> 00:00:27,080 Speaker 1: New York City may lift rules requiring face masks for 8 00:00:27,240 --> 00:00:31,080 Speaker 1: children under five, plus, a deadly tornado cuts a destructive 9 00:00:31,120 --> 00:00:34,960 Speaker 1: path through New Orleans. I'm Michael barn Ahead, I'm John Stash, 10 00:00:34,960 --> 00:00:36,839 Speaker 1: Aaron Sports, a loss for the Nicks, the win for 11 00:00:36,880 --> 00:00:39,280 Speaker 1: the Alanders, the Devils beat the Rangers, and the top 12 00:00:39,320 --> 00:00:44,480 Speaker 1: women's tennis player in the world is retiring. That's all 13 00:00:44,640 --> 00:00:49,160 Speaker 1: straight Ahead on Bloomberg day Break on Bloomberg Elementoro, New York, 14 00:00:49,320 --> 00:00:54,040 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 15 00:00:54,200 --> 00:00:58,720 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 16 00:00:59,080 --> 00:01:01,760 Speaker 1: and around the world Old on Bloomberg Radio dot Com 17 00:01:01,920 --> 00:01:08,959 Speaker 1: and via The Bloomberg Business That good morning. I'm John Tucker. 18 00:01:09,040 --> 00:01:11,600 Speaker 1: I'm Nathan Hagar futures are moving a bit lower this morning. 19 00:01:11,600 --> 00:01:13,920 Speaker 1: We're coming up to five oh one on Wall Street. 20 00:01:13,920 --> 00:01:16,320 Speaker 1: We check the markets every fifteen minutes during the trading day. 21 00:01:16,360 --> 00:01:19,440 Speaker 1: On bloomberg SMB futures are down almost six points, Stout 22 00:01:19,440 --> 00:01:22,319 Speaker 1: futures down forty four, Nastack futures lower by twenty points. 23 00:01:22,480 --> 00:01:24,800 Speaker 1: The tenure treasury is up three thirty seconds. The yield 24 00:01:24,840 --> 00:01:27,039 Speaker 1: two point three six percent heel than the two year 25 00:01:27,080 --> 00:01:29,840 Speaker 1: two point one four nime X screwed up eight tenths 26 00:01:29,840 --> 00:01:32,040 Speaker 1: per cent, or eighty five cents at a hundred ten 27 00:01:32,080 --> 00:01:35,880 Speaker 1: dollars fifteen cents a barrel. John Nathan will have more 28 00:01:35,880 --> 00:01:37,760 Speaker 1: in the markets in a minute, but first, the latest 29 00:01:37,800 --> 00:01:41,360 Speaker 1: on the war. Ukraine's President Vladimir Zelinski says about one 30 00:01:41,440 --> 00:01:45,080 Speaker 1: hundred thousand people remain in the besieged city of Meropol. 31 00:01:45,400 --> 00:01:50,200 Speaker 1: There without food, water, in medicine, and are under constant bombardment. Meantime, 32 00:01:50,240 --> 00:01:53,680 Speaker 1: President Biden heads to Europe to rally around tougher sanctions 33 00:01:53,680 --> 00:01:57,800 Speaker 1: on Russia. More from Bloomberg's, said Baxter. National security advisor 34 00:01:57,920 --> 00:02:00,640 Speaker 1: Jake Sullivan says the Biden trip this way will firm 35 00:02:00,720 --> 00:02:03,560 Speaker 1: the plans he will join our partners in imposing further 36 00:02:03,600 --> 00:02:07,400 Speaker 1: sanctions on Russia and tightening the existing sanctions to crack 37 00:02:07,440 --> 00:02:11,200 Speaker 1: down on evasion and to ensure robust enforcement. And reports 38 00:02:11,200 --> 00:02:14,480 Speaker 1: are that the Biden administration is preparing sanctions on most 39 00:02:14,639 --> 00:02:18,160 Speaker 1: members of Russia's State Duma, the lower house of parliament, 40 00:02:18,200 --> 00:02:21,839 Speaker 1: more than three hundred. They will be coordinated with the EU. 41 00:02:22,040 --> 00:02:25,480 Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak. All right, ed, thanks, 42 00:02:25,480 --> 00:02:28,240 Speaker 1: another major story where following brings us back to Capitol Hill, 43 00:02:28,280 --> 00:02:30,639 Speaker 1: where it will be day three of Judge Katangi Brown 44 00:02:30,720 --> 00:02:34,760 Speaker 1: Jackson's Supreme Court hearing before the Senate Judiciary Committee. Yesterday 45 00:02:34,800 --> 00:02:38,320 Speaker 1: marked her first chance to field questions from senators. Amy 46 00:02:38,360 --> 00:02:42,600 Speaker 1: Morris has details from our Bloomberg newsroom in Washington. Republican 47 00:02:42,639 --> 00:02:45,960 Speaker 1: Senator Marsha Blackburn pressed Jackson on abortion and whether she 48 00:02:46,000 --> 00:02:48,760 Speaker 1: would respect the Supreme Court's ruling and the event that 49 00:02:48,800 --> 00:02:53,040 Speaker 1: the Court effectively guts rov Wade. Senator, whatever the Supreme 50 00:02:53,040 --> 00:02:56,560 Speaker 1: Court decides in Dobbs will be the president of the 51 00:02:56,600 --> 00:03:00,200 Speaker 1: Supreme Court, and I commit to treating it as say 52 00:03:00,200 --> 00:03:04,120 Speaker 1: would any other president. Republican Senator Tom Cotton pressed Jackson 53 00:03:04,160 --> 00:03:07,240 Speaker 1: on policing and the role of law enforcement. I asked 54 00:03:07,240 --> 00:03:10,520 Speaker 1: the simple either or question, the United States need more 55 00:03:10,639 --> 00:03:16,400 Speaker 1: or fewer police? Senator, The determination about whether there should 56 00:03:16,400 --> 00:03:21,280 Speaker 1: be more or fewer police is a policy decision by 57 00:03:21,400 --> 00:03:24,440 Speaker 1: another branch of government. It is not something that judges 58 00:03:24,520 --> 00:03:27,680 Speaker 1: have control over. More questioning by senators is set for 59 00:03:27,840 --> 00:03:31,440 Speaker 1: today in Washington. I'm anymore as Bloomberg daybreak and thanks Tommy, 60 00:03:31,520 --> 00:03:34,440 Speaker 1: we turned from Washington to China. Now the latest details 61 00:03:34,440 --> 00:03:37,320 Speaker 1: on the deadly plane crash this week. The China Eastern 62 00:03:37,400 --> 00:03:40,640 Speaker 1: jet that crashed Monday was traveling close to the speed 63 00:03:40,680 --> 00:03:43,920 Speaker 1: of sound just moments before it plunged into a hillside. 64 00:03:44,280 --> 00:03:46,720 Speaker 1: Let's get more from Bloomberg Stephen Angle in Hong Kong. 65 00:03:46,960 --> 00:03:50,640 Speaker 1: When the airplane is traveling at that speed, crashing into 66 00:03:50,880 --> 00:03:56,640 Speaker 1: the ground, it obliterates everything, including potentially the flight and 67 00:03:56,720 --> 00:03:59,560 Speaker 1: voice data recorders, the so called black boxes, which are 68 00:03:59,560 --> 00:04:02,800 Speaker 1: actually of course orange, and those have not yet been 69 00:04:02,840 --> 00:04:05,720 Speaker 1: found and that will be critical, of course to determining 70 00:04:05,760 --> 00:04:09,240 Speaker 1: what exactly caused this mystery crash. Bloomberg Steven Angle reports 71 00:04:09,280 --> 00:04:12,520 Speaker 1: all one two people on board the China Eastern jet 72 00:04:12,560 --> 00:04:14,520 Speaker 1: died in the crash. We'll back here in the U 73 00:04:14,640 --> 00:04:16,760 Speaker 1: S John For markets, it is all about the Fed. 74 00:04:16,880 --> 00:04:19,960 Speaker 1: Central Bank officials are joining j Powell's hawk ish call 75 00:04:20,040 --> 00:04:23,480 Speaker 1: on interest rates. Cleveland FED President Laretta Mester says more 76 00:04:23,520 --> 00:04:26,240 Speaker 1: than a quarter point hike maybe needed. I don't think 77 00:04:26,360 --> 00:04:29,080 Speaker 1: fifty basis points should be off the table. You know, 78 00:04:29,160 --> 00:04:32,040 Speaker 1: my fung ate passes a little steeper than the median path, 79 00:04:32,720 --> 00:04:35,560 Speaker 1: So if you do the math, you know, um, I 80 00:04:35,600 --> 00:04:39,120 Speaker 1: think we're gonna probably need to move some some of 81 00:04:39,120 --> 00:04:43,440 Speaker 1: those means. Mester joined St. Louis FED President Jim Bullard 82 00:04:43,440 --> 00:04:46,880 Speaker 1: in calling for Quaker tightening. Bullard tells Bloomberg faster is 83 00:04:46,920 --> 00:04:49,000 Speaker 1: better when it comes to rate hikes. What you have 84 00:04:49,040 --> 00:04:52,159 Speaker 1: to do is move the policy rate up discreetly a 85 00:04:52,200 --> 00:04:55,640 Speaker 1: fair amount, not to be too disrupt him, but I 86 00:04:55,680 --> 00:04:58,719 Speaker 1: think fifty basis point moves will definitely be in the mix, 87 00:04:59,480 --> 00:05:01,839 Speaker 1: and then get to a level that we can be neutral, 88 00:05:01,880 --> 00:05:03,920 Speaker 1: and then from there we can decide if we want 89 00:05:03,920 --> 00:05:08,279 Speaker 1: to be restrictive and put further downward pressure on inflation. 90 00:05:08,480 --> 00:05:11,000 Speaker 1: Then Jim Bowler's reiterating his call for interest rates to 91 00:05:11,000 --> 00:05:13,599 Speaker 1: go above three percent this year's Stay tuned for more 92 00:05:13,640 --> 00:05:16,280 Speaker 1: from the Fed today. Will speak live with San Francisco 93 00:05:16,400 --> 00:05:19,560 Speaker 1: President Mary Daily. That's coming up at eleven thirty am 94 00:05:19,600 --> 00:05:22,400 Speaker 1: Wall Street Time on Bloomberg Radio and Television. Nasing the 95 00:05:22,400 --> 00:05:25,279 Speaker 1: prospect of higher rates taking a toll on the bomb market. 96 00:05:25,320 --> 00:05:28,920 Speaker 1: The Bloomberg Global Aggregate Index that's a benchmark for government 97 00:05:28,920 --> 00:05:32,680 Speaker 1: and corporate debt total returns has fallen eleven percent from 98 00:05:32,680 --> 00:05:35,599 Speaker 1: its high in January last year. That's the biggest decline 99 00:05:35,640 --> 00:05:39,159 Speaker 1: from a peak in data. Stretching back to it equates 100 00:05:39,200 --> 00:05:42,120 Speaker 1: to a drop in the index market value of about 101 00:05:42,160 --> 00:05:45,159 Speaker 1: two point six trillion dollars. And when it comes to 102 00:05:45,240 --> 00:05:47,960 Speaker 1: sucks John, now is not the time to buy. That's 103 00:05:47,960 --> 00:05:50,920 Speaker 1: according to Muhammad al Aria, the Bloomberg opinion columnist and 104 00:05:51,000 --> 00:05:54,440 Speaker 1: chief economic advisor at Alliance, says investors need to pair 105 00:05:54,480 --> 00:05:58,640 Speaker 1: their holdings. If I'm investing over the next twelve month horizon, 106 00:05:59,360 --> 00:06:02,160 Speaker 1: I would whose equities at this point, I would take 107 00:06:02,240 --> 00:06:04,320 Speaker 1: some money off the table. I think the market is 108 00:06:04,360 --> 00:06:07,799 Speaker 1: given you a wonderful opportunity to come out. Muhammad Hlarian 109 00:06:07,839 --> 00:06:10,080 Speaker 1: says equity markets have yet to factor in what's to 110 00:06:10,160 --> 00:06:12,840 Speaker 1: come for the economy, and speaking of the economy, with 111 00:06:13,000 --> 00:06:15,400 Speaker 1: fresh data on wages this morning, a new studies shows 112 00:06:15,440 --> 00:06:18,719 Speaker 1: a lot of Americans are still seeing pay below fifteen 113 00:06:18,760 --> 00:06:22,720 Speaker 1: dollars an hour. Bloombergs rending Young joins US Live with details. 114 00:06:22,720 --> 00:06:25,640 Speaker 1: Good morning, Nita, Good morning John. A report from Oxfam 115 00:06:25,720 --> 00:06:28,880 Speaker 1: America finds one in three U. S workers is still 116 00:06:28,880 --> 00:06:32,200 Speaker 1: making less than fifteen dollars an hour, and the share 117 00:06:32,240 --> 00:06:34,880 Speaker 1: of women and people of color earning that amount is 118 00:06:34,960 --> 00:06:38,839 Speaker 1: even greater. The report helps quantify how Americans could be 119 00:06:38,880 --> 00:06:41,960 Speaker 1: impacted by the Raise the Wage Act, which would set 120 00:06:41,960 --> 00:06:45,839 Speaker 1: a fifteen dollar federal minimum wage. The legislation is still 121 00:06:45,880 --> 00:06:49,720 Speaker 1: pending in Congress now. While pcent of men earned less 122 00:06:49,720 --> 00:06:53,039 Speaker 1: than fifteen dollars an hour, the figure is forty for 123 00:06:53,120 --> 00:06:57,000 Speaker 1: women and fifty percent for women who are working of color. 124 00:06:57,600 --> 00:07:00,280 Speaker 1: Live in New York. I'm Renita Young, Bloomberg Day Break. 125 00:07:00,320 --> 00:07:02,400 Speaker 1: All right, we're renieda, thanks very much, and ahead of 126 00:07:02,400 --> 00:07:04,960 Speaker 1: the CASHO on the Wall Street futures this morning, they're 127 00:07:04,960 --> 00:07:07,919 Speaker 1: lower than our futures, down forty two points. That's a 128 00:07:07,960 --> 00:07:10,280 Speaker 1: decline of about a tenth of a percent. Smp E 129 00:07:10,320 --> 00:07:13,760 Speaker 1: many futures six points lower, and the NANSAC futures right 130 00:07:13,760 --> 00:07:18,120 Speaker 1: now they are down twenty points. You're listening to Bloomberg 131 00:07:18,200 --> 00:07:25,080 Speaker 1: Daybreak pan's five o seven on Wall Street. Let's bring 132 00:07:25,080 --> 00:07:26,880 Speaker 1: in Michael Barne now with more on what else is 133 00:07:26,920 --> 00:07:29,640 Speaker 1: going on in New York and around the world. John, 134 00:07:29,760 --> 00:07:32,640 Speaker 1: thank you very much. New York City Mayor Eric Adams 135 00:07:32,720 --> 00:07:35,880 Speaker 1: is preparing to lift requirements that children under the age 136 00:07:35,880 --> 00:07:40,360 Speaker 1: of five where face masks in schools. We're announcing that 137 00:07:40,680 --> 00:07:45,960 Speaker 1: if the numbers continue to show a low level of risks. 138 00:07:46,720 --> 00:07:50,880 Speaker 1: Let me see that again. If the numbers continue to 139 00:07:51,120 --> 00:07:55,840 Speaker 1: show a low level of risk, mask would be optional 140 00:07:56,240 --> 00:08:00,160 Speaker 1: for two to four years old students in schools and 141 00:08:00,240 --> 00:08:03,760 Speaker 1: in daycare. Adam says it will start April fourth, if 142 00:08:03,840 --> 00:08:06,720 Speaker 1: case rates and the risk of the virus spreading remain low. 143 00:08:07,160 --> 00:08:10,920 Speaker 1: Adams two weeks ago lifted several pandemic related rules, including 144 00:08:10,960 --> 00:08:14,120 Speaker 1: requirements in place since the start of the pandemic that 145 00:08:14,200 --> 00:08:17,480 Speaker 1: students five and older to wear masks in school. A 146 00:08:17,520 --> 00:08:21,640 Speaker 1: new federal lawsuit accuses the NYPD of taking and storing 147 00:08:21,720 --> 00:08:26,120 Speaker 1: DNA as part of an illegal and unregulated database. The 148 00:08:26,200 --> 00:08:29,760 Speaker 1: lawsuit accuses the department of turning tens of thousands of 149 00:08:29,760 --> 00:08:34,200 Speaker 1: people into quote, permanent criminal suspects. It happens when someone 150 00:08:34,320 --> 00:08:37,880 Speaker 1: is arrested or brought in for questioning, and eats, drinks, 151 00:08:38,000 --> 00:08:41,600 Speaker 1: or smokes while on the premises. The NYPD admits it 152 00:08:41,640 --> 00:08:44,559 Speaker 1: collects DNA in this way, but says it is within 153 00:08:44,679 --> 00:08:48,680 Speaker 1: the law. A large, destructive tornado struck the east side 154 00:08:48,679 --> 00:08:52,360 Speaker 1: of New Orleans last night. St. Bernard Parish President Guy 155 00:08:52,400 --> 00:08:56,560 Speaker 1: McGinnis says the damage is widespread. All that was lifted 156 00:08:56,559 --> 00:08:59,160 Speaker 1: office foundation and put it to the lower street right 157 00:08:59,200 --> 00:09:02,800 Speaker 1: around a colony. Parish President Guy McGinnis says at least 158 00:09:02,840 --> 00:09:05,440 Speaker 1: one person was killed. The twister was part of an 159 00:09:05,440 --> 00:09:08,600 Speaker 1: outbreak of severe thunderstorms across the Deep South and follow 160 00:09:08,679 --> 00:09:12,040 Speaker 1: a siege of tornadoes and Texas. On Monday, Hillary Clinton 161 00:09:12,080 --> 00:09:16,480 Speaker 1: tested positive for COVID nineteen and has some mild cold symptoms. 162 00:09:16,800 --> 00:09:19,320 Speaker 1: According to a tweet, the former Secretary of State and 163 00:09:19,440 --> 00:09:23,959 Speaker 1: former presidential candidate says she feels fine. Meanwhile, White House 164 00:09:24,000 --> 00:09:27,760 Speaker 1: Press Secretary Jen Saki tested positive for COVID nineteen and 165 00:09:27,800 --> 00:09:30,480 Speaker 1: will no longer travel with President Joe Biden to Europe. 166 00:09:30,720 --> 00:09:33,880 Speaker 1: Zaki says she is experiencing only my old symptoms and 167 00:09:33,920 --> 00:09:37,600 Speaker 1: will isolate for five days. Biden tested negative. Global News 168 00:09:37,640 --> 00:09:40,800 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 169 00:09:41,040 --> 00:09:44,160 Speaker 1: powered by more than twenty seven hundred journalists and analyst 170 00:09:44,400 --> 00:09:46,679 Speaker 1: in more than one hundred twenty countries. I'm Michael mar 171 00:09:46,840 --> 00:09:49,520 Speaker 1: this is Bloomberg, John and some breaking news crossing the 172 00:09:49,640 --> 00:09:52,839 Speaker 1: Bloomberg the Shinwall News Agency, and Shanna says the China 173 00:09:52,920 --> 00:09:57,920 Speaker 1: Eastern Plains one black box has now been located. Details 174 00:09:57,960 --> 00:10:04,800 Speaker 1: straight ahead, Michael, Thank you very much. Five ten Street 175 00:10:04,840 --> 00:10:08,480 Speaker 1: tied out for the Bloomberg Sports Update Shower. Thanks John. 176 00:10:08,480 --> 00:10:10,840 Speaker 1: The Knicks last season finished fourth in the East. This 177 00:10:10,960 --> 00:10:13,440 Speaker 1: year they are twelfth, and any faint hopes of sneaking 178 00:10:13,480 --> 00:10:15,120 Speaker 1: in the playoffs may have ended with the home loss 179 00:10:15,120 --> 00:10:18,199 Speaker 1: to Atlanta, won seventeen to one. Eleven left the Knicks 180 00:10:18,240 --> 00:10:21,360 Speaker 1: sixteens out, only ten to play. Trey Young lead the Hawks. 181 00:10:21,360 --> 00:10:23,920 Speaker 1: Scored forty five points. Are j Barrett head thirty for 182 00:10:23,920 --> 00:10:26,800 Speaker 1: the Knicks in Newark nightmare second period for the Rangers, 183 00:10:26,800 --> 00:10:29,920 Speaker 1: Devil's wonted five nothing, scored all five in a thirteen 184 00:10:29,960 --> 00:10:32,480 Speaker 1: minutes fan they won seven to four. Islanders won three 185 00:10:32,520 --> 00:10:35,559 Speaker 1: nothing over Ottawa. Ash Party is the best women's CENIS 186 00:10:35,559 --> 00:10:38,240 Speaker 1: player in the world, ranked number one. She just won Wimbledon, 187 00:10:38,280 --> 00:10:40,760 Speaker 1: and the native Asse captured the Australian Open, but she's 188 00:10:40,760 --> 00:10:44,240 Speaker 1: been tiring. At age twenty five, she's the anti Tom 189 00:10:44,280 --> 00:10:47,360 Speaker 1: Brandy Barty says she no longer has the physical drive 190 00:10:47,480 --> 00:10:50,320 Speaker 1: or the emotional wants. She's getting married. She says she's 191 00:10:50,360 --> 00:10:53,160 Speaker 1: set to enjoy the next phase of her life. Baseball's 192 00:10:53,160 --> 00:10:55,720 Speaker 1: opening day two weeks from tomorrow, Yankees hosts the Red Sox. 193 00:10:55,840 --> 00:10:58,760 Speaker 1: Right now, the question is whether unvaccinate and Yankees will 194 00:10:58,760 --> 00:11:01,240 Speaker 1: be allowed to play or will it be a Kyrie 195 00:11:01,280 --> 00:11:04,320 Speaker 1: Irving situation. Not allowed to play home games due to 196 00:11:04,360 --> 00:11:07,480 Speaker 1: the city's private employer mandate for in person work. May 197 00:11:07,559 --> 00:11:10,400 Speaker 1: Or Adams said yesterday they may peel it back slowly, 198 00:11:10,559 --> 00:11:14,080 Speaker 1: but that most businesses like the mandate. There's Yankee manager 199 00:11:14,160 --> 00:11:16,320 Speaker 1: Aaron Boone. I still think there's a lot up in 200 00:11:16,320 --> 00:11:18,800 Speaker 1: the air and a lot left to play out, and 201 00:11:18,800 --> 00:11:20,800 Speaker 1: and we'll just see. But no, we haven't had a 202 00:11:20,880 --> 00:11:26,560 Speaker 1: big group discussion on these kind of things, where again, um, 203 00:11:26,760 --> 00:11:29,040 Speaker 1: I feel like Randy's on top of that and and that, 204 00:11:29,160 --> 00:11:31,840 Speaker 1: and well, we'll see where it goes, and when it 205 00:11:31,840 --> 00:11:33,880 Speaker 1: comes to time that we have to address it, we will. 206 00:11:33,960 --> 00:11:36,520 Speaker 1: Boon reference Yankee president Randy Levine, who used to work 207 00:11:36,520 --> 00:11:39,120 Speaker 1: in city Hall. Not known how many or which Yankees 208 00:11:39,160 --> 00:11:42,800 Speaker 1: are unbacked. John Stash downward Bloomberg's voice, John, all right, John, 209 00:11:42,880 --> 00:11:45,720 Speaker 1: thanks a lot ahead of the cash open the ball streets. 210 00:11:46,000 --> 00:11:48,679 Speaker 1: Look at futures. They are in the red right now 211 00:11:48,840 --> 00:11:51,960 Speaker 1: just slightly. You beat down futures down thirty nine points. 212 00:11:52,000 --> 00:11:54,640 Speaker 1: That's a drop of a tenth of a percent. Smpe 213 00:11:54,679 --> 00:11:57,480 Speaker 1: Mini futures five points slower. That's down the tenth of 214 00:11:57,520 --> 00:11:59,840 Speaker 1: represent and that how does that key many futures right now? 215 00:12:00,200 --> 00:12:06,839 Speaker 1: Twenty three? That is down troops. This is Bloomberg and 216 00:12:07,040 --> 00:12:10,080 Speaker 1: the Bloomberg weatherports that I thickened in cloud showers arriving 217 00:12:10,080 --> 00:12:14,199 Speaker 1: before evening, the high temperature to fifty tonight rain likely 218 00:12:14,360 --> 00:12:18,240 Speaker 1: tomorrow occasional rain be high temperature to give a bid fifties. 219 00:12:18,320 --> 00:12:24,839 Speaker 1: This is Bloomberg Markets headlines and breaking news twenty four 220 00:12:24,880 --> 00:12:27,920 Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business 221 00:12:27,920 --> 00:12:31,119 Speaker 1: at and at Bloomberg Quick Tape. He's he's a Bloomberg 222 00:12:31,200 --> 00:12:39,840 Speaker 1: Business Flash. I'm Nathan Hagar. Futures are moving a touch 223 00:12:39,920 --> 00:12:43,160 Speaker 1: lower this morning, while global equity markets climb, investors are 224 00:12:43,160 --> 00:12:46,920 Speaker 1: expanding their search for hedges. As the FEDS strengthened resolved 225 00:12:46,920 --> 00:12:50,439 Speaker 1: to clamp down, an inflation drove bonds towards record losses. 226 00:12:50,920 --> 00:12:53,199 Speaker 1: We check the markets every fifteen minutes during the trading 227 00:12:53,240 --> 00:12:55,880 Speaker 1: day on Bloomberg. Right now, SMP futures are down five 228 00:12:55,920 --> 00:12:59,280 Speaker 1: points down, futures are down thirty five. NASTAC futures are 229 00:12:59,280 --> 00:13:02,200 Speaker 1: lower by twin t seven points. The docks in Germany 230 00:13:02,200 --> 00:13:04,040 Speaker 1: and the CAC in Paris both up two tenths of 231 00:13:04,120 --> 00:13:06,880 Speaker 1: one percent. The tenure Treasury is up four thirty seconds. 232 00:13:07,080 --> 00:13:09,080 Speaker 1: The yield two point three six percent yield on the 233 00:13:09,080 --> 00:13:12,240 Speaker 1: two year two point one four percent. Nime X screwed 234 00:13:12,320 --> 00:13:14,640 Speaker 1: is up nine tenths per cent, up ninety eight cents 235 00:13:14,640 --> 00:13:16,920 Speaker 1: at a hundred ten dollars twenty five cents of arrol 236 00:13:17,160 --> 00:13:19,480 Speaker 1: come X golds up three tenths per center, five dollars 237 00:13:19,480 --> 00:13:22,280 Speaker 1: thirty cents at nineteen thirty two. Even announced the euro 238 00:13:22,400 --> 00:13:24,680 Speaker 1: one point one zero one six against the dollar, the 239 00:13:24,679 --> 00:13:27,160 Speaker 1: pound one point three two three five. The end is 240 00:13:27,200 --> 00:13:31,000 Speaker 1: at one point nine four. At seven am all street time, 241 00:13:31,000 --> 00:13:33,880 Speaker 1: we get NBA mortgage applications than at ten. It's February 242 00:13:33,960 --> 00:13:37,600 Speaker 1: new home sales Sintas and General Mills are among companies 243 00:13:37,600 --> 00:13:40,800 Speaker 1: scheduled to report earnings today. That's a Bloomberg Business Flash 244 00:13:40,800 --> 00:13:42,680 Speaker 1: and now here's Michael Barrt with more on what's going 245 00:13:42,679 --> 00:13:45,280 Speaker 1: on around the world. Good morning Michael, Good morning Nathan. 246 00:13:45,360 --> 00:13:48,720 Speaker 1: There's breaking news. According to the Shenhua News agency, one 247 00:13:48,760 --> 00:13:51,679 Speaker 1: black box has been located in the crash of a 248 00:13:51,840 --> 00:13:55,240 Speaker 1: China Eastern plane with one hundred thirty two people on board. 249 00:13:55,559 --> 00:13:58,760 Speaker 1: President Joe Biden's trip to Europe comes at a critical 250 00:13:58,800 --> 00:14:01,560 Speaker 1: moment for the war and you Krane, which could become 251 00:14:01,600 --> 00:14:05,120 Speaker 1: a bloody stalemate as Russia pummels cities with air striants 252 00:14:05,160 --> 00:14:08,880 Speaker 1: and artillery. Biden departs today on a four day trip. 253 00:14:08,960 --> 00:14:12,040 Speaker 1: He will meet with allies during a long day of 254 00:14:12,080 --> 00:14:15,920 Speaker 1: meetings in Brussels tomorrow. NATO and the European Union and 255 00:14:15,960 --> 00:14:19,240 Speaker 1: the Group of Seven Nations are all holding summits that day. 256 00:14:19,560 --> 00:14:22,280 Speaker 1: Biden on Friday a schedule to continue on to Poland. 257 00:14:22,480 --> 00:14:25,200 Speaker 1: In the NBA, the Knickson Warriors lost in the NHL. 258 00:14:25,280 --> 00:14:28,320 Speaker 1: The Devil's beat the Rangers seven four, The Islanders won 259 00:14:28,360 --> 00:14:31,440 Speaker 1: the Capitol's lost. Global News twenty four hours a day 260 00:14:31,480 --> 00:14:34,240 Speaker 1: on air and on Bloomberg Quick Tank powered by more 261 00:14:34,240 --> 00:14:37,640 Speaker 1: than twenty seven under journalist and analyst more than twenty countries. 262 00:14:37,920 --> 00:14:40,520 Speaker 1: Michael bar this is Bloomberg, John, Michael, thank you. Find 263 00:14:40,520 --> 00:14:42,920 Speaker 1: twenty on the all streetwear line for the Bloomberg interrant 264 00:14:42,920 --> 00:14:47,240 Speaker 1: to Brokers Studios. And this is Bloomberg Daybreak. This pretty 265 00:14:47,240 --> 00:14:50,200 Speaker 1: big week on the diplomatic front as President Biden trous 266 00:14:50,240 --> 00:14:54,360 Speaker 1: the Europe for Thursday's NATO meeting and the Ukraine's President 267 00:14:54,560 --> 00:14:57,560 Speaker 1: Vladimir z Alinski he's gonna take part of via video 268 00:14:57,720 --> 00:15:01,080 Speaker 1: for more, let's uh join with the professor Julie Norman 269 00:15:01,160 --> 00:15:05,480 Speaker 1: of University College in London. Professor, thanks billiam with us. Hey, 270 00:15:05,520 --> 00:15:09,680 Speaker 1: my first question is the resolve against Russia as strong 271 00:15:09,960 --> 00:15:13,960 Speaker 1: and united as it appears to be on the surface. Well, John, 272 00:15:14,000 --> 00:15:16,920 Speaker 1: that's certainly the image that the US and NATO allies 273 00:15:16,920 --> 00:15:19,920 Speaker 1: are hoping to project this week. It's notable that they're 274 00:15:19,920 --> 00:15:22,720 Speaker 1: having an in person meeting and in person meeting with 275 00:15:22,760 --> 00:15:25,840 Speaker 1: heads of state in particular. One of the priorities for 276 00:15:25,880 --> 00:15:29,360 Speaker 1: the Biden administration from the beginning of this crisis has 277 00:15:29,440 --> 00:15:33,120 Speaker 1: been to project this sense of unity among allies that 278 00:15:33,200 --> 00:15:36,120 Speaker 1: was before the invasion started. Throughout and then up through today, 279 00:15:36,280 --> 00:15:39,200 Speaker 1: So one of the goals of this meeting. They will 280 00:15:39,200 --> 00:15:42,040 Speaker 1: obviously be discussing substantive things as well, but it is 281 00:15:42,080 --> 00:15:44,600 Speaker 1: just to project the sense of unity that the heads 282 00:15:44,600 --> 00:15:48,040 Speaker 1: of state are coming together and are united. With that said, 283 00:15:48,080 --> 00:15:50,320 Speaker 1: there are of course some disagreements among them which they 284 00:15:50,320 --> 00:15:53,680 Speaker 1: will be discussing, including the types of military aid, the 285 00:15:53,720 --> 00:15:56,920 Speaker 1: types of sanctions to continue um and how things may 286 00:15:57,000 --> 00:15:59,720 Speaker 1: or may not escalate after this. So uh so there'll 287 00:15:59,720 --> 00:16:01,360 Speaker 1: be a lot to discuss, but they're hoping that this 288 00:16:01,440 --> 00:16:03,520 Speaker 1: meeting will at least send a message of a united 289 00:16:03,560 --> 00:16:09,400 Speaker 1: front continuing. Is NATO strong at this point, Well, what 290 00:16:09,440 --> 00:16:12,160 Speaker 1: we've seen obviously throughout this crisis that it's probably strength 291 00:16:12,160 --> 00:16:15,720 Speaker 1: and NATO more than anything else has in recent decades. Obviously, 292 00:16:15,760 --> 00:16:19,120 Speaker 1: there's going to be some disagreements among members. Many of 293 00:16:19,160 --> 00:16:22,000 Speaker 1: the Eastern and Central European states would like an even 294 00:16:22,000 --> 00:16:26,520 Speaker 1: more robust response to the crisis in Ukraine, additional types 295 00:16:26,560 --> 00:16:30,040 Speaker 1: of military aid, including different kinds of fighter jets, even 296 00:16:30,040 --> 00:16:33,040 Speaker 1: a no fly zone that Western Europeans in the US 297 00:16:33,120 --> 00:16:35,520 Speaker 1: are not fully on board with. So some of those 298 00:16:35,560 --> 00:16:38,320 Speaker 1: things will be discussed. But with that said, the way 299 00:16:38,360 --> 00:16:42,840 Speaker 1: that the Alliance has come together wholeheartedly around sanctions, around 300 00:16:42,960 --> 00:16:46,080 Speaker 1: just the idea of military aid more broadly, uh, and 301 00:16:46,200 --> 00:16:49,000 Speaker 1: just just drowing up NATO itself. Throughout all this has 302 00:16:49,040 --> 00:16:51,800 Speaker 1: probably strengthened the Alliance more than than anything else that 303 00:16:51,840 --> 00:16:54,560 Speaker 1: we would have seen. You know, a potential Russian oil 304 00:16:54,680 --> 00:16:57,320 Speaker 1: embargo that does raise the question of whether Europe can 305 00:16:57,360 --> 00:17:01,680 Speaker 1: wean itself off Russian energy. Um, just how important is 306 00:17:01,800 --> 00:17:04,959 Speaker 1: that front? Well, this is something that the Biden administration 307 00:17:04,960 --> 00:17:07,840 Speaker 1: will probably raise, So the US and also Channons some 308 00:17:07,920 --> 00:17:10,720 Speaker 1: other states have you know, have have put the sanctions 309 00:17:10,760 --> 00:17:13,280 Speaker 1: on Russian oil. But that's a little bit easier for 310 00:17:13,320 --> 00:17:15,959 Speaker 1: states in North American elsewhere to do than it is 311 00:17:16,080 --> 00:17:19,280 Speaker 1: for Europe, and especially states like Germany and even Italy 312 00:17:19,320 --> 00:17:22,480 Speaker 1: that are quite dependent on Russian oil. They have committed 313 00:17:22,520 --> 00:17:25,760 Speaker 1: to reducing that dependence by two thirds by the end 314 00:17:25,800 --> 00:17:27,479 Speaker 1: of the year. But I think we'll see a bit 315 00:17:27,520 --> 00:17:30,040 Speaker 1: more pressing on what that actually means and if there 316 00:17:30,040 --> 00:17:32,520 Speaker 1: can be some other steps that can be taken, perhaps 317 00:17:32,520 --> 00:17:37,240 Speaker 1: sanctioning gas promers in the specific Russian companies and providers 318 00:17:37,320 --> 00:17:40,080 Speaker 1: that are quite central in this industry. What else stands 319 00:17:40,119 --> 00:17:44,440 Speaker 1: out for you? What are you particularly focused on right now. Well, 320 00:17:44,480 --> 00:17:47,119 Speaker 1: I think what we'll also hear what NATO will discuss 321 00:17:47,119 --> 00:17:49,400 Speaker 1: behind closed doors, and which we may not get many 322 00:17:49,440 --> 00:17:52,600 Speaker 1: details on, is that you know what their potential response 323 00:17:52,640 --> 00:17:56,000 Speaker 1: would be if Prutin does turn to use chemical weapons 324 00:17:56,160 --> 00:17:59,000 Speaker 1: or what are sometimes called tactical nuclear weapons, so those 325 00:17:59,040 --> 00:18:01,439 Speaker 1: that are kind of designed for battle field used. I 326 00:18:01,480 --> 00:18:04,760 Speaker 1: think those steps would be unlikely still by Putin, but 327 00:18:04,840 --> 00:18:07,560 Speaker 1: we know that there are possibilities, and that is something 328 00:18:07,640 --> 00:18:10,119 Speaker 1: that the Biden administration really wants to make sure allies 329 00:18:10,160 --> 00:18:12,879 Speaker 1: are on the same page with how they would respond. Again, 330 00:18:12,920 --> 00:18:15,480 Speaker 1: Biden really does not want this conflict to escalate and 331 00:18:15,520 --> 00:18:18,520 Speaker 1: to engage the US in particular or NATO, but a 332 00:18:18,560 --> 00:18:21,160 Speaker 1: crossing of a kind of redline like something like that 333 00:18:21,280 --> 00:18:23,639 Speaker 1: would probably warrant some kind of response, and NATO is 334 00:18:23,680 --> 00:18:24,919 Speaker 1: going to have to try and figure out what that 335 00:18:25,000 --> 00:18:27,080 Speaker 1: might be. One of the things that came out after 336 00:18:27,119 --> 00:18:31,679 Speaker 1: the Cuban missile crisis in terms of nuclear weapons being 337 00:18:31,840 --> 00:18:35,439 Speaker 1: used is that it was the tactical commanders on the 338 00:18:35,480 --> 00:18:39,480 Speaker 1: ground there at the front in Cuba, the Soviet advisors 339 00:18:39,840 --> 00:18:43,639 Speaker 1: who would have to say over that um. It just 340 00:18:43,760 --> 00:18:47,200 Speaker 1: raises the specter of like things could get really complicated 341 00:18:47,240 --> 00:18:51,560 Speaker 1: and really really dangerous very quickly. Absolutely, and that's obviously 342 00:18:51,800 --> 00:18:54,800 Speaker 1: what the Biden administration NATO has been trying to avoid. 343 00:18:54,880 --> 00:18:57,840 Speaker 1: That's one reason why they've been very clear in their messaging, 344 00:18:58,240 --> 00:19:00,800 Speaker 1: uh something maybe to a fall alt in terms of 345 00:19:01,160 --> 00:19:03,440 Speaker 1: making it very clear to Putin that they don't want 346 00:19:03,480 --> 00:19:05,520 Speaker 1: to escalate this to any kind of level that would 347 00:19:05,560 --> 00:19:09,280 Speaker 1: involve nuclear weapons. Uh. In my opinion, I think they're 348 00:19:09,359 --> 00:19:11,280 Speaker 1: right to kind of air on that. We don't want 349 00:19:11,280 --> 00:19:13,920 Speaker 1: to see it get to that point. And as you noted, 350 00:19:13,960 --> 00:19:16,160 Speaker 1: with Russia right now, it's tricky. Even some of Putin's 351 00:19:16,200 --> 00:19:19,760 Speaker 1: own military advisors who earlier and currently have spoken out 352 00:19:19,880 --> 00:19:22,760 Speaker 1: against the kind of the strategies that he has employed. UM, 353 00:19:22,800 --> 00:19:25,760 Speaker 1: I've been somewhat sidelined by Puttin himself, and it's uh, 354 00:19:25,800 --> 00:19:29,159 Speaker 1: it's uncertain how much of a of a rationality we 355 00:19:29,160 --> 00:19:31,960 Speaker 1: can expect from him at this point. Always a pleasure, professor, 356 00:19:32,000 --> 00:19:35,720 Speaker 1: Thank you very much, Julie Norman, University College in London 357 00:19:36,160 --> 00:19:38,679 Speaker 1: And ahead of the cashop on Wall Street. Look at 358 00:19:38,720 --> 00:19:42,440 Speaker 1: futures this morning, kind of treading water down. Futures down 359 00:19:42,480 --> 00:19:46,320 Speaker 1: just fifty four points and SMP immunate futures. They are 360 00:19:46,359 --> 00:19:49,639 Speaker 1: seven points lower right now, and the nsday futures down 361 00:19:49,720 --> 00:19:53,680 Speaker 1: twenty eight. Real action taking place in the Moon market's 362 00:19:53,720 --> 00:19:59,000 Speaker 1: treasuries right now. The tenure yield UH seeing a decline 363 00:19:59,040 --> 00:20:01,680 Speaker 1: of about one basis point right now at two point 364 00:20:01,760 --> 00:20:07,040 Speaker 1: three six percent. You're listening to Bloomberg Daybreak Bloomberg Weather 365 00:20:07,119 --> 00:20:11,200 Speaker 1: from meteorologist Rob Carol affechtning. Cloud showers will be here 366 00:20:11,200 --> 00:20:15,040 Speaker 1: before evening today. The high temperature fifty be on Bloomberg tomorrow. 367 00:20:15,040 --> 00:20:23,040 Speaker 1: Occasional rain high fifty to fifty five degrees croadcasting live 368 00:20:23,240 --> 00:20:27,159 Speaker 1: from the Bloomberg Interactive Broker Studio in New York, Bloomberg 369 00:20:27,280 --> 00:20:32,000 Speaker 1: Living Freedon to Washington, d C. Bloomberg to Boston, Bloomberg 370 00:20:32,040 --> 00:20:35,200 Speaker 1: one o six one, does San Francisco, Bloomberg No. Sixty 371 00:20:35,320 --> 00:20:38,560 Speaker 1: to the Country, Sirius XM chto one ninet and around 372 00:20:38,560 --> 00:20:42,520 Speaker 1: the globe the Bloomberg Business apt and Bloomberg Radio dot Com. 373 00:20:42,520 --> 00:20:51,040 Speaker 1: This is Bloomberg Daybreak. It's five thirty on Wall Street. 374 00:20:51,040 --> 00:20:53,639 Speaker 1: Good morning, I'm John Tucker, Anna Nathan Hagar. We're just 375 00:20:53,680 --> 00:20:55,920 Speaker 1: about four hours away from the open of US trading. 376 00:20:55,960 --> 00:20:57,320 Speaker 1: Let's get you up to date. On the news. You 377 00:20:57,359 --> 00:20:59,600 Speaker 1: need to know at this hour, President Biden is heading 378 00:20:59,640 --> 00:21:02,880 Speaker 1: to your to rally allies around tougher sanctions on Russia 379 00:21:02,920 --> 00:21:05,359 Speaker 1: for its invasion of Ukraine. We get the latest from 380 00:21:05,359 --> 00:21:08,399 Speaker 1: Bloomberg senior reporter Mark Champion. What they are trying to 381 00:21:08,440 --> 00:21:11,840 Speaker 1: do is to get ahead of what they know will 382 00:21:11,920 --> 00:21:15,600 Speaker 1: be a continuing issue with Russia over Ukraine. So try 383 00:21:15,600 --> 00:21:17,920 Speaker 1: and get ahead on issues like how do we make 384 00:21:17,960 --> 00:21:20,919 Speaker 1: sure that the sanctions take real effect, how do we 385 00:21:21,200 --> 00:21:23,600 Speaker 1: resolve at differences of that have to deal with energy, 386 00:21:24,040 --> 00:21:27,520 Speaker 1: stick to the oil. Bloomberg's Mark Champion says President Biden 387 00:21:27,560 --> 00:21:30,200 Speaker 1: will join back to back summits, first with NATO members 388 00:21:30,200 --> 00:21:33,000 Speaker 1: in Brussels, then the Group of Seven and European Union. 389 00:21:33,119 --> 00:21:36,440 Speaker 1: Meantime on Capitol Hill, Stay three of Judge Gatanji Brown 390 00:21:36,520 --> 00:21:40,320 Speaker 1: Jackson Supreme Court hearing before the Senate Judiciary Committee yesterday 391 00:21:40,359 --> 00:21:43,280 Speaker 1: marked her first chance to field questions from Congress and 392 00:21:43,320 --> 00:21:48,160 Speaker 1: defend her record. My record demonstrates that I am not 393 00:21:48,440 --> 00:21:52,840 Speaker 1: proceeding from any sort of preconceived notion about how a 394 00:21:52,920 --> 00:21:57,680 Speaker 1: case comes out. Jackson pays questions from Republicans about her religion, 395 00:21:57,720 --> 00:22:02,480 Speaker 1: critical race theory, child pornography and abortion. I'm not ruling 396 00:22:02,560 --> 00:22:07,760 Speaker 1: consistent with any sort of ideology. I'm doing what impartial 397 00:22:08,240 --> 00:22:12,200 Speaker 1: and fair judges do, which is to decide in every 398 00:22:12,240 --> 00:22:16,160 Speaker 1: case based only on the facts and the law. Jackson 399 00:22:16,200 --> 00:22:19,159 Speaker 1: returns to Capitol Hill for more questioning today. All right, 400 00:22:19,200 --> 00:22:22,880 Speaker 1: turning to markets now, John, Global bonds remain under heavy pressure. 401 00:22:22,960 --> 00:22:26,080 Speaker 1: The Bloomberg Global Aggregate Index, the benchmark for government in 402 00:22:26,119 --> 00:22:29,560 Speaker 1: corporate debt total returns, has fallen eleven percent from a 403 00:22:29,640 --> 00:22:32,560 Speaker 1: high in January last year. That is the biggest decline 404 00:22:32,560 --> 00:22:35,680 Speaker 1: from a peak in data, stretching back to with the 405 00:22:35,720 --> 00:22:38,119 Speaker 1: bond market and focus, tune in today for more from 406 00:22:38,119 --> 00:22:40,760 Speaker 1: the Fed. We speak live this morning with San Francisco 407 00:22:40,840 --> 00:22:43,880 Speaker 1: President Mary Daily. Catch that eleven thirty a m. Wall 408 00:22:43,920 --> 00:22:46,480 Speaker 1: Street Time. I meantime, A new study shows many Americans 409 00:22:46,560 --> 00:22:50,480 Speaker 1: are still seeing wages below fifteen dollars an hour. Bloomberg 410 00:22:50,520 --> 00:22:53,280 Speaker 1: Grinida Young joins us live with the details. Good morning Granita, 411 00:22:53,320 --> 00:22:56,720 Speaker 1: Good morning Nathan. A report from Oxfam America finds one 412 00:22:56,760 --> 00:22:59,520 Speaker 1: in three U. S workers is still making less than 413 00:22:59,560 --> 00:23:02,439 Speaker 1: fifteen dollars an hour, and the share of women and 414 00:23:02,520 --> 00:23:05,840 Speaker 1: people of color earning that amount is even greater. The 415 00:23:05,920 --> 00:23:09,920 Speaker 1: report helps quantify the impact from the Raise the Wage Act, 416 00:23:10,160 --> 00:23:14,359 Speaker 1: which would set a fifteen dollar federal minimum wage. The 417 00:23:14,480 --> 00:23:17,920 Speaker 1: legislation is still pending in Congress. Live in New York. 418 00:23:17,960 --> 00:23:20,520 Speaker 1: I'm gonna need a young Bloomberg day break, need to 419 00:23:20,560 --> 00:23:23,480 Speaker 1: thanks SMP futures down down eleven points. Style futures down 420 00:23:23,560 --> 00:23:26,480 Speaker 1: seventy eight. Nastaic futures are lower by forty three points. 421 00:23:26,520 --> 00:23:29,040 Speaker 1: The tenure treasury is up five thirty seconds. The yield 422 00:23:29,119 --> 00:23:32,359 Speaker 1: two point three six Straight ahead, your like thisst local 423 00:23:32,359 --> 00:23:40,040 Speaker 1: headlines and sports. This is Bloomberg and its thirty three 424 00:23:40,040 --> 00:23:42,120 Speaker 1: on Wall Street. Let's bring in Michael barn Now with 425 00:23:42,160 --> 00:23:44,040 Speaker 1: more on what else is going in New York and 426 00:23:44,480 --> 00:23:46,840 Speaker 1: around the world. Jehn, Thank you very much, Sarah. New 427 00:23:46,920 --> 00:23:50,160 Speaker 1: York City Mayor Eric Adams is preparing to lift requirements 428 00:23:50,160 --> 00:23:53,720 Speaker 1: that children under the age of five ware face masks 429 00:23:53,720 --> 00:23:57,600 Speaker 1: in schools. Adams says that he will make masks optional 430 00:23:57,720 --> 00:24:01,800 Speaker 1: for those in daycare and pre kinder are starting April fourth, 431 00:24:02,040 --> 00:24:04,800 Speaker 1: if case rates and the risk of the virus spreading 432 00:24:05,119 --> 00:24:08,000 Speaker 1: remain low. And let me tell you something, it doesn't 433 00:24:08,080 --> 00:24:11,399 Speaker 1: matter what decisions you make on this. You're going to 434 00:24:11,480 --> 00:24:16,480 Speaker 1: have voiciferous people on both sides of the conversations, and 435 00:24:16,560 --> 00:24:18,960 Speaker 1: so we we can't go by the noise. We have 436 00:24:19,040 --> 00:24:21,119 Speaker 1: to go by the science, and we have to go 437 00:24:21,200 --> 00:24:24,800 Speaker 1: by the safety about children. Two weeks ago, Mayor Adams 438 00:24:24,800 --> 00:24:29,000 Speaker 1: lifted several pandemic related rules, including requirements in place since 439 00:24:29,040 --> 00:24:32,080 Speaker 1: the start of the pandemic that students five and older 440 00:24:32,160 --> 00:24:35,320 Speaker 1: wear masks in school. At least one person is dead 441 00:24:35,359 --> 00:24:38,359 Speaker 1: after a tornado tour through parts of New Orleans and 442 00:24:38,440 --> 00:24:42,440 Speaker 1: its suburbs last night, flipping cars and ripping roofs off homes. 443 00:24:42,840 --> 00:24:46,080 Speaker 1: Parts of St. Bernard Parish, which borders New Orleans to 444 00:24:46,160 --> 00:24:48,639 Speaker 1: the southeast, appeared to take the brunt of the twister. 445 00:24:49,240 --> 00:24:52,600 Speaker 1: Louis Pomas is the St. Bernard Parish road Yard Chief 446 00:24:52,640 --> 00:24:55,640 Speaker 1: of operations and didn't walk through all every street ever 447 00:24:55,840 --> 00:25:03,119 Speaker 1: damage that we road Yard Chief Louis Thomas. The damage 448 00:25:03,160 --> 00:25:06,560 Speaker 1: comes after other tornadoes spawned by the same storrom system 449 00:25:06,680 --> 00:25:10,160 Speaker 1: hit parts of Texas and Oklahoma. White House Press Secretary 450 00:25:10,240 --> 00:25:13,800 Speaker 1: Jensaki has tested positive again for COVID Szaki says she 451 00:25:13,840 --> 00:25:16,600 Speaker 1: will no longer travel with the President, Joe Biden to Europe. 452 00:25:16,800 --> 00:25:20,280 Speaker 1: The President has tested negative. Hillary Clinton says she has 453 00:25:20,280 --> 00:25:23,880 Speaker 1: tested positive for COVID nineteen. In a tweet, Clinton says 454 00:25:23,960 --> 00:25:27,359 Speaker 1: she has some mild cold symptoms but is feeling fine. 455 00:25:27,800 --> 00:25:31,320 Speaker 1: A tele beneficial says the hard lined leadership of Afghanistan's 456 00:25:31,400 --> 00:25:35,959 Speaker 1: new rulers has decided against opening educational institutions the girls 457 00:25:36,000 --> 00:25:39,520 Speaker 1: beyond grade six. It is the first day of Afghanistan's 458 00:25:39,760 --> 00:25:43,160 Speaker 1: new school year. Global News twenty four hours a day 459 00:25:43,200 --> 00:25:46,240 Speaker 1: on air and on Bloomberg Quicktake, powered by more than 460 00:25:46,320 --> 00:25:48,920 Speaker 1: twenty seven hundred journalists and analysts in more than a 461 00:25:49,000 --> 00:25:52,159 Speaker 1: hundred twenty countries. I'm Michael bar This is Bloomberg, John, Michael, 462 00:25:52,160 --> 00:25:58,359 Speaker 1: thank you, coming up on five thirty six on Wall Street. 463 00:25:58,440 --> 00:26:00,640 Speaker 1: Time now for the Bloomberg Sports up to and here's 464 00:26:01,480 --> 00:26:03,320 Speaker 1: all right, John. Last season ended for the Knicks for 465 00:26:03,400 --> 00:26:06,000 Speaker 1: a loss at the Garden to the Tree Young lad 466 00:26:06,040 --> 00:26:09,080 Speaker 1: Atlanta Hawks. Last night, Young was back scored forty five 467 00:26:09,160 --> 00:26:12,440 Speaker 1: points led Atlanta to a one seventeen one eleven victory that, 468 00:26:12,560 --> 00:26:15,480 Speaker 1: like the end of the Knicks already faint playoff hopes. 469 00:26:15,600 --> 00:26:17,840 Speaker 1: R J. Barrett scored thirty. Knicks were without the injured 470 00:26:17,880 --> 00:26:21,560 Speaker 1: Julius Randall got find forty thousand dollars for using hostile 471 00:26:21,680 --> 00:26:25,040 Speaker 1: language towards a ref As if Randall's season hasn't gone 472 00:26:25,080 --> 00:26:27,439 Speaker 1: poorly enough, He's now been fined a total of a 473 00:26:27,520 --> 00:26:30,359 Speaker 1: hundred thirty thousand dollars. Rangers in New Jersey led to 474 00:26:30,520 --> 00:26:33,639 Speaker 1: nothing second period and the Devil's scored five goals in 475 00:26:33,760 --> 00:26:36,280 Speaker 1: thirteen minutes. Jack Us added two more in the third. 476 00:26:36,280 --> 00:26:39,800 Speaker 1: Devil's won seven four Islanders three nothing shut out of Ottawa. 477 00:26:39,920 --> 00:26:42,800 Speaker 1: N i T win for Xavior and St. Bonaventure. Book 478 00:26:42,800 --> 00:26:44,720 Speaker 1: will come to the Garden next week for the n 479 00:26:44,760 --> 00:26:46,959 Speaker 1: i T Final four and Port St. Lucy mets over 480 00:26:46,960 --> 00:26:49,879 Speaker 1: the Marlins to nothing. Welcome back Jacob de Graham. He 481 00:26:49,960 --> 00:26:54,200 Speaker 1: got six outs, five by strikeout to Graham's brilliant one 482 00:26:54,200 --> 00:26:57,359 Speaker 1: season came to an end in early July. Jordan Montgomery 483 00:26:57,440 --> 00:27:00,240 Speaker 1: roughed up Toronto beat the Yankees ninety two. Phase Squall 484 00:27:00,359 --> 00:27:03,440 Speaker 1: is bringing back the ghost Runner. Extra innings will again 485 00:27:03,480 --> 00:27:05,200 Speaker 1: begin with the run of at second base the phill 486 00:27:05,240 --> 00:27:06,960 Speaker 1: It is with a shortened spring training is for the 487 00:27:06,960 --> 00:27:10,360 Speaker 1: best not to have extra long games are also expanding 488 00:27:10,359 --> 00:27:13,600 Speaker 1: the rosters. In April, stunning news from tennis world number 489 00:27:13,600 --> 00:27:17,120 Speaker 1: one Ash Party announced her retirement. Don't have that in MUNI. 490 00:27:17,400 --> 00:27:21,600 Speaker 1: I don't have the the physical drive, the emotional um 491 00:27:22,160 --> 00:27:25,679 Speaker 1: want and and kind of everything it takes to to 492 00:27:25,760 --> 00:27:27,520 Speaker 1: challenge yourself at the very top of the level anymore. 493 00:27:27,560 --> 00:27:31,000 Speaker 1: And I think I just know that I'm absolutely I 494 00:27:31,600 --> 00:27:34,200 Speaker 1: am spent um. I just know physically I have nothing 495 00:27:34,240 --> 00:27:37,040 Speaker 1: more to cuts only twenty five. She did step away 496 00:27:37,080 --> 00:27:40,719 Speaker 1: from tennis once before. John Stashower, Bloomberg Sports. John, all right, 497 00:27:40,720 --> 00:27:43,240 Speaker 1: thanks John. Five seven on Wall Street Time now for 498 00:27:43,280 --> 00:27:45,840 Speaker 1: the Trying State Business report. For that, we're joined by 499 00:27:45,920 --> 00:27:50,200 Speaker 1: Bloomberg's Quarry. Last month, four thousand and seventy eight homes 500 00:27:50,200 --> 00:27:53,000 Speaker 1: were listed for sale across New York City, according to 501 00:27:53,119 --> 00:27:56,320 Speaker 1: street Easy. That's the most ever recorded in February by 502 00:27:56,320 --> 00:27:59,399 Speaker 1: the company. The previous high with three thousand, five hundred 503 00:27:59,440 --> 00:28:04,400 Speaker 1: thirty eight and February sixteen thousand, six hundred twenty New 504 00:28:04,440 --> 00:28:08,240 Speaker 1: York City homes were for sale in February. Manhattan apartment 505 00:28:08,280 --> 00:28:11,440 Speaker 1: rentals are booming and sales are reaching record levels, but 506 00:28:11,600 --> 00:28:14,480 Speaker 1: offices in Midtown are attracting barely one third of pre 507 00:28:14,600 --> 00:28:18,880 Speaker 1: pandemic workforces. Chris Jones, Senior Research fellow at the Regional 508 00:28:18,880 --> 00:28:22,200 Speaker 1: Plan Association tells the Wall Street Journal Midtown is going 509 00:28:22,240 --> 00:28:25,879 Speaker 1: to have to reinvent itself. The proposed Gateway rail tunnel 510 00:28:25,920 --> 00:28:28,520 Speaker 1: between New York and New Jersey is expected to compete 511 00:28:28,520 --> 00:28:30,480 Speaker 1: for some of the two point nine billion dollars in 512 00:28:30,560 --> 00:28:34,560 Speaker 1: grants that the Biden administration is making available for projects 513 00:28:34,560 --> 00:28:38,920 Speaker 1: of regional or national significance. That's according to Transportation Secretary 514 00:28:38,920 --> 00:28:42,360 Speaker 1: Pete Buddha j Edge. That your Bloomberg Try State Business Report. 515 00:28:42,520 --> 00:28:45,920 Speaker 1: I'm Ed Corey's five thirty eight on Wall Street. Bloomberg 516 00:28:46,000 --> 00:28:48,280 Speaker 1: Radio is on the air from San Francisco to New York, 517 00:28:48,360 --> 00:28:51,400 Speaker 1: London to Hong Kong. Let's check in now whether Global 518 00:28:51,440 --> 00:28:53,440 Speaker 1: News team for some of the top stories heard on 519 00:28:53,480 --> 00:28:57,040 Speaker 1: our three hundred of Filigate radio stations around the world. 520 00:29:00,160 --> 00:29:03,000 Speaker 1: I'm Steve Poto Scan on ten ten Wins in New York. 521 00:29:03,040 --> 00:29:06,200 Speaker 1: We're talking about how the pandemic surgeon tipping looks to 522 00:29:06,240 --> 00:29:10,400 Speaker 1: be slowing down. Um Corney Datahoe on khr H in Houston. 523 00:29:10,520 --> 00:29:13,640 Speaker 1: One in three American workers earns less than fifteen dollars 524 00:29:13,640 --> 00:29:17,280 Speaker 1: an hour. I'm Gina Servettian for w BBM in Chicago. 525 00:29:17,440 --> 00:29:21,320 Speaker 1: I'm reporting that FDA inspectors found on sanitary conditions at 526 00:29:21,320 --> 00:29:24,720 Speaker 1: an Abbot Labs plant that makes infant formula, five months 527 00:29:24,800 --> 00:29:28,600 Speaker 1: before the company conducted a recall of products associated with 528 00:29:28,640 --> 00:29:31,440 Speaker 1: the deaths of two babies. I'm Caroline had come bloom 529 00:29:31,480 --> 00:29:33,960 Speaker 1: Bag Dad additional radio in London. We're reporting on a 530 00:29:34,040 --> 00:29:38,000 Speaker 1: thirty year high for UK inflation as the Chancellor announces 531 00:29:38,080 --> 00:29:41,600 Speaker 1: his mini budget in the spring statement. I'm dcoring on 532 00:29:41,880 --> 00:29:45,160 Speaker 1: w w J and Detroit. I'm reporting shares of auto 533 00:29:45,240 --> 00:29:49,480 Speaker 1: makers fell on Monday on supply chain here and those 534 00:29:49,520 --> 00:29:51,840 Speaker 1: are some of the stories are twenties seven hundred Bloomberg 535 00:29:51,880 --> 00:29:55,040 Speaker 1: journalist and analysts are working on this morning around the world. 536 00:29:55,320 --> 00:29:58,080 Speaker 1: It's five thirty nine on Wall Street. The following is 537 00:29:58,080 --> 00:30:02,520 Speaker 1: an editorial from Bloomberg of opinion. Russia's invasion of Ukraine 538 00:30:02,560 --> 00:30:05,640 Speaker 1: has reminded the US and Europe that their alliance matters. 539 00:30:06,200 --> 00:30:08,680 Speaker 1: Their united response to the war should alert them to 540 00:30:08,720 --> 00:30:13,479 Speaker 1: something else. That resilience depends on economic cooperation, not just 541 00:30:13,560 --> 00:30:17,840 Speaker 1: security commitments. In that light, reviving installed talks on a 542 00:30:17,840 --> 00:30:21,920 Speaker 1: free trade agreement is more urgent than ever. Negotiations over 543 00:30:21,960 --> 00:30:25,720 Speaker 1: the Transatlantic Trade and Investment Partnership, which could have led 544 00:30:25,720 --> 00:30:29,000 Speaker 1: to a fully formed US EU free trade area were 545 00:30:29,000 --> 00:30:32,920 Speaker 1: halted during the Trump administration. With President Biden traveling to 546 00:30:33,000 --> 00:30:36,880 Speaker 1: Europe this week, the time may be right to restart discussions. 547 00:30:37,480 --> 00:30:39,920 Speaker 1: The Allies have a crisis to manage, of course, so 548 00:30:40,040 --> 00:30:42,840 Speaker 1: commerce won't be at the front of anyone's mind. But 549 00:30:42,920 --> 00:30:45,880 Speaker 1: Putent's war has shown just how crucial it is for 550 00:30:45,920 --> 00:30:48,920 Speaker 1: the U. S And Europe to have strong partnerships that 551 00:30:49,000 --> 00:30:53,120 Speaker 1: means cooperating on trade as well as security. This editorial 552 00:30:53,120 --> 00:30:56,520 Speaker 1: was written by the Bloomberg Opinion editorial Board. I'm David Shipley. 553 00:30:56,680 --> 00:30:59,240 Speaker 1: For more Bloomberg Opinion, please go to Bloomberg dot com, 554 00:30:59,360 --> 00:31:03,120 Speaker 1: Slash Opinion or Ope and go on the Bloomberg terminal. 555 00:31:03,440 --> 00:31:07,880 Speaker 1: This has been Bloomberg Opinion and Bloomberg Opinion editorials can 556 00:31:07,880 --> 00:31:10,920 Speaker 1: be heard every weekday at this time, and terminal customers 557 00:31:10,960 --> 00:31:15,360 Speaker 1: can read more at OPE. I am go. You're listening 558 00:31:15,600 --> 00:31:24,080 Speaker 1: to Bloomberg tape. Right and ahead of the open on 559 00:31:24,200 --> 00:31:27,600 Speaker 1: Wall Street this morning, futures indicate a lower open down. 560 00:31:27,640 --> 00:31:31,040 Speaker 1: Futures down to eighty few points, smp E Mini futures 561 00:31:31,080 --> 00:31:34,200 Speaker 1: thirteen points lower. The Men's and futures are down fifty 562 00:31:34,240 --> 00:31:40,160 Speaker 1: three markets headlines and breaking news twenty four hours a 563 00:31:40,240 --> 00:31:43,560 Speaker 1: day at Bloomberg dot Com, The Bloomberg Business and at 564 00:31:43,560 --> 00:31:52,960 Speaker 1: Bloomberg Quick Tape. This is a Bloomberg Business Flash. I'm 565 00:31:53,040 --> 00:31:56,080 Speaker 1: Nathan Hagar. Global equity markets are mixed this morning. Investors 566 00:31:56,080 --> 00:31:59,320 Speaker 1: are expanding their search for hedges as the federal reserves 567 00:31:59,560 --> 00:32:02,920 Speaker 1: strength resolved to clamp down. An inflation has driven bonds 568 00:32:02,960 --> 00:32:06,040 Speaker 1: towards record losses. We checked the markets every fifteen minutes 569 00:32:06,120 --> 00:32:09,280 Speaker 1: during the trading day on Bloomberg. Right now, SMP futures 570 00:32:09,320 --> 00:32:12,040 Speaker 1: are down sixteen points, Stown futures down a hundred three 571 00:32:12,120 --> 00:32:14,960 Speaker 1: nest Deck futures lower by sixty eight points. That's a 572 00:32:15,040 --> 00:32:17,640 Speaker 1: drop of nearly a half percent. The tenure Treasury is 573 00:32:17,720 --> 00:32:20,160 Speaker 1: up seven thirty seconds. The yield two point three five 574 00:32:20,160 --> 00:32:23,160 Speaker 1: percent yield on the two year two point one two percent. 575 00:32:23,520 --> 00:32:26,240 Speaker 1: NIMEX screwed is up one percent of a dollar ninety 576 00:32:26,240 --> 00:32:28,600 Speaker 1: one at a hundred eleven dollars eighteen cents of barrel 577 00:32:28,840 --> 00:32:31,640 Speaker 1: comex scold up four tenths percent of eight dollars forty 578 00:32:31,680 --> 00:32:34,280 Speaker 1: cents at nineteen thirty five ten and ounce. The euro 579 00:32:34,440 --> 00:32:37,200 Speaker 1: is at one point zero nine nine four against the dollar, 580 00:32:37,280 --> 00:32:39,760 Speaker 1: British pound one point three to two four. The end 581 00:32:39,840 --> 00:32:42,760 Speaker 1: is at one twenty point nine seven. Quick check a bitcoin, 582 00:32:42,800 --> 00:32:44,680 Speaker 1: it's down one and a quarter percent on the session, 583 00:32:44,720 --> 00:32:47,560 Speaker 1: trading right around forty two thou dollars. That's a Bloomberg 584 00:32:47,600 --> 00:32:49,920 Speaker 1: business flash. And now here's Michael Barr with more on 585 00:32:50,000 --> 00:32:52,560 Speaker 1: what's going on around the world. Michael Nathan, thank you 586 00:32:52,640 --> 00:32:55,680 Speaker 1: very much. China says one of two black boxes from 587 00:32:55,720 --> 00:32:59,520 Speaker 1: the China Eastern plane crash was found in severely damaged condition. 588 00:32:59,520 --> 00:33:02,440 Speaker 1: One thirty two people were killed in the plane crash. 589 00:33:02,640 --> 00:33:05,800 Speaker 1: President Joe Biden is seeking to rally US allies around 590 00:33:05,960 --> 00:33:09,640 Speaker 1: harder hitting sanctions to punish Russia for invading Ukraine. Biden 591 00:33:09,720 --> 00:33:13,200 Speaker 1: leaves today for back to back summits Thursday with NATO, 592 00:33:13,320 --> 00:33:16,520 Speaker 1: the Group of Seven, and the European Union in Brussels, 593 00:33:16,520 --> 00:33:19,800 Speaker 1: and the NBA the Knicks and Warriors lost Devils beat 594 00:33:19,800 --> 00:33:22,200 Speaker 1: the Rangers seven for in the NHL Global News twenty 595 00:33:22,240 --> 00:33:24,480 Speaker 1: four hours a day on here and on Bloomberg Quick Take, 596 00:33:24,680 --> 00:33:27,520 Speaker 1: powered by more than twenty seven hundred journalists analysts in 597 00:33:27,520 --> 00:33:29,520 Speaker 1: more than a hundred twenty countries. Now, Michael Barr, this 598 00:33:29,520 --> 00:33:32,040 Speaker 1: is Bloomberg. John Michael, thank you, five forty nine on 599 00:33:32,160 --> 00:33:35,280 Speaker 1: Wall Street. I'm John Sucker. This is Bloomberg Day Preak. 600 00:33:35,760 --> 00:33:38,920 Speaker 1: The war in Ukraine has sparked a refugee crisis in Poland. 601 00:33:39,080 --> 00:33:43,640 Speaker 1: Millions have fled Ukraine and are flooding into cities like Warsaw. 602 00:33:44,080 --> 00:33:47,080 Speaker 1: It's an impossible situation for a lot of these refugees. 603 00:33:47,240 --> 00:33:50,160 Speaker 1: It's also closing stress on these cities and towns of Poland, 604 00:33:50,560 --> 00:33:52,840 Speaker 1: and now the mayor of Warsaw's warning the city's reaching 605 00:33:52,880 --> 00:33:55,560 Speaker 1: a breaking point. Let's got a closer look at the 606 00:33:55,600 --> 00:33:59,000 Speaker 1: situation right now, the special report from Bloomberg's Gregg Jarrett. 607 00:33:59,240 --> 00:34:01,880 Speaker 1: We have Bloomberg reporters on the ground as the ever 608 00:34:02,000 --> 00:34:07,560 Speaker 1: increasing flow of refugees stream into Poland, among them agg control. 609 00:34:07,840 --> 00:34:11,360 Speaker 1: Poland is now looking at integrating these people into the 610 00:34:11,400 --> 00:34:15,160 Speaker 1: labor pols, into the education system, and once they're here, 611 00:34:15,280 --> 00:34:17,759 Speaker 1: it's important to see where they can go next. There's 612 00:34:17,800 --> 00:34:19,920 Speaker 1: already a huge amount of people who have moved to 613 00:34:19,920 --> 00:34:23,000 Speaker 1: Warsaw and to other European countries, and that's a key 614 00:34:23,000 --> 00:34:26,759 Speaker 1: concern for the European Union going forward. After getting these 615 00:34:26,760 --> 00:34:29,920 Speaker 1: people over the border, how they're able to find places 616 00:34:29,920 --> 00:34:33,319 Speaker 1: to live and work more securely. There are many non 617 00:34:33,360 --> 00:34:37,200 Speaker 1: governmental organizations also trying to help captain oleg somewhere. Linco 618 00:34:37,280 --> 00:34:40,720 Speaker 1: of the Salvation Army and Warsaw is welcoming thousands, providing 619 00:34:40,760 --> 00:34:44,600 Speaker 1: them with food, shelter, emotional and spiritual care, translation services 620 00:34:45,000 --> 00:34:49,319 Speaker 1: and useful references for medical and legal advice. Is the 621 00:34:49,440 --> 00:34:53,280 Speaker 1: closest country for them, and the language is almost the same. 622 00:34:53,400 --> 00:34:56,440 Speaker 1: It's very similar, so we understand each other. For them, 623 00:34:56,600 --> 00:34:59,640 Speaker 1: like Poland will be the main destination. And I think 624 00:35:00,120 --> 00:35:03,560 Speaker 1: many years Poland was the country where Ukrainians would come 625 00:35:03,600 --> 00:35:06,840 Speaker 1: to work. So many of them would already have somebody 626 00:35:06,840 --> 00:35:10,560 Speaker 1: in Poland, like parts of family, daughter, mother, somebody who 627 00:35:10,600 --> 00:35:13,120 Speaker 1: will work here, like for years. Some of them they 628 00:35:13,200 --> 00:35:15,719 Speaker 1: standing in the in the cars to the border, and 629 00:35:15,800 --> 00:35:18,320 Speaker 1: all one lady who has spent like five days sitting 630 00:35:18,400 --> 00:35:21,240 Speaker 1: in the car, was a child patting on the queue 631 00:35:21,520 --> 00:35:24,800 Speaker 1: to get to the border. What are conditions like today 632 00:35:25,000 --> 00:35:27,719 Speaker 1: or as the number of people who are crowding in 633 00:35:27,760 --> 00:35:32,879 Speaker 1: the poem from Ukraine increases exponentially, they say around one 634 00:35:32,920 --> 00:35:35,399 Speaker 1: million and house now in the war, so we're think 635 00:35:35,440 --> 00:35:38,480 Speaker 1: it's even more, you know, like our cities in Poland 636 00:35:38,520 --> 00:35:40,880 Speaker 1: are not published you know, so these conditions are not 637 00:35:41,280 --> 00:35:43,440 Speaker 1: the best one now, so people are stepping in a 638 00:35:43,480 --> 00:35:48,040 Speaker 1: different shelters organized by government. They try to find a apartment, 639 00:35:48,200 --> 00:35:51,280 Speaker 1: but it's very difficult now to rent apartment because people 640 00:35:51,320 --> 00:35:54,520 Speaker 1: who rented apartments before two people who know that, they 641 00:35:54,520 --> 00:35:57,080 Speaker 1: say like, well, we are afraid that in one apartment 642 00:35:57,120 --> 00:36:00,279 Speaker 1: will leave like twenty people. So nobody wants to rent 643 00:36:00,520 --> 00:36:03,160 Speaker 1: Ukrainian people because they're afraid that they will bring more 644 00:36:03,239 --> 00:36:07,000 Speaker 1: Ukrainians to the apartment. I understand that most of Europe 645 00:36:07,000 --> 00:36:10,200 Speaker 1: and most of the places these Ukrainian refugees are going 646 00:36:10,680 --> 00:36:13,560 Speaker 1: are in hopes of integrating the population so they can 647 00:36:13,600 --> 00:36:15,960 Speaker 1: go to work, so they can support themselves, so they 648 00:36:16,000 --> 00:36:19,080 Speaker 1: can pay for things themselves. Are there some people that's 649 00:36:19,160 --> 00:36:25,200 Speaker 1: more difficult for than others. I have people who are lawyers, doctors, teachers, 650 00:36:25,280 --> 00:36:28,040 Speaker 1: you know, people who work on a really nice positions 651 00:36:28,080 --> 00:36:31,000 Speaker 1: in Ukraine, but here because of lack of language, you know, 652 00:36:31,320 --> 00:36:33,640 Speaker 1: they go to work like a cleaner, you know, they 653 00:36:33,680 --> 00:36:35,680 Speaker 1: go to work in a restaurant for the kitchen in 654 00:36:35,760 --> 00:36:40,799 Speaker 1: all like a helper. So they're really on a low position. Now, yeah, 655 00:36:40,800 --> 00:36:43,120 Speaker 1: I think it will be more difficult for senior people 656 00:36:43,400 --> 00:36:46,360 Speaker 1: it's always difficult to get any job for senior people 657 00:36:46,440 --> 00:36:50,440 Speaker 1: even in normal days, if they are like black people. 658 00:36:51,000 --> 00:36:53,440 Speaker 1: I would say, you know that if people are not 659 00:36:53,800 --> 00:36:57,520 Speaker 1: Ukrainian white people in Poland, it could be this problem 660 00:36:57,719 --> 00:37:01,640 Speaker 1: because Poland is a country over white country. So for 661 00:37:01,760 --> 00:37:03,960 Speaker 1: many people they will be a little bit afraid, you know, 662 00:37:04,040 --> 00:37:06,240 Speaker 1: they need the time until they will know you better. 663 00:37:06,640 --> 00:37:09,120 Speaker 1: So and that's why in Solational Army we're actually trying 664 00:37:09,200 --> 00:37:12,040 Speaker 1: to help them and we connect them with other people 665 00:37:12,160 --> 00:37:16,240 Speaker 1: from Africa or Asia who live already here in Poland. 666 00:37:16,719 --> 00:37:19,759 Speaker 1: What does the Salvation Army need to do its job 667 00:37:20,400 --> 00:37:23,160 Speaker 1: in helping these people from Ukraine who are just trying 668 00:37:23,200 --> 00:37:25,759 Speaker 1: to get out of the war's way. Sure, sure, of 669 00:37:25,800 --> 00:37:27,839 Speaker 1: course without any help, you know, it would be very 670 00:37:27,840 --> 00:37:30,799 Speaker 1: difficult for us. So we're really grateful for actually all 671 00:37:30,840 --> 00:37:34,000 Speaker 1: donations were getting, you know, all requests to help us 672 00:37:34,560 --> 00:37:36,799 Speaker 1: we're getting. But I think it would be amazing if 673 00:37:36,800 --> 00:37:38,840 Speaker 1: people would like to help. So the contact you know, 674 00:37:38,920 --> 00:37:42,680 Speaker 1: Sovational Army in the USA. Our thanks to Captain Oleg 675 00:37:42,719 --> 00:37:46,680 Speaker 1: Samolenko of the Salvation Army in warsaw so Alenko says 676 00:37:46,719 --> 00:37:50,279 Speaker 1: those wishing to help can find more information at Salvation 677 00:37:50,400 --> 00:37:53,960 Speaker 1: Army U s A dot org. Continue to listen to 678 00:37:53,960 --> 00:37:56,560 Speaker 1: Bloomberg Radio for the latest on the war in Ukraine 679 00:37:57,080 --> 00:38:01,360 Speaker 1: and the humanitarian cost. I'm Greg jarre It Bloomberg Radio. 680 00:38:01,840 --> 00:38:04,640 Speaker 1: All right, Greg, thank you. It's now five fifty three 681 00:38:04,760 --> 00:38:07,840 Speaker 1: on Wall Street. Time. Now for a Bloomberg Law report. 682 00:38:07,920 --> 00:38:10,160 Speaker 1: Let's get to the legal stories we're watching this morning. 683 00:38:10,160 --> 00:38:16,840 Speaker 1: Here's Bloomberg's Jeff Balinger. California Governor Gavin Usom signed a 684 00:38:16,920 --> 00:38:21,160 Speaker 1: bill that outlaws insurance deductibles and co pays for abortions. 685 00:38:21,200 --> 00:38:24,800 Speaker 1: The law takes effect January one. A conservation group told 686 00:38:24,800 --> 00:38:28,080 Speaker 1: an Arizona federal court that the e PA's water quality 687 00:38:28,120 --> 00:38:31,360 Speaker 1: policies don't do enough to protect salmon sea turtles and 688 00:38:31,480 --> 00:38:35,279 Speaker 1: other species from cadmium pollution. Noble nor Disc and nov 689 00:38:35,320 --> 00:38:39,560 Speaker 1: Artist settled a patent infringement suit over the diabetes drug Victosa. 690 00:38:39,800 --> 00:38:42,400 Speaker 1: The suit was scheduled for a bench trial and Delaware 691 00:38:42,440 --> 00:38:47,120 Speaker 1: Federal court next month. Bloomberg Law everything you need, all 692 00:38:47,239 --> 00:38:51,920 Speaker 1: on one legal research platform, including guidance analysis and Bloomberg 693 00:38:51,960 --> 00:38:57,000 Speaker 1: Market Intelligence. Find out more at Bloomberg Law dot com. 694 00:38:57,040 --> 00:38:59,400 Speaker 1: And now, another legal story we're watching is on Russia's 695 00:38:59,440 --> 00:39:03,239 Speaker 1: invasion of Ukraine. Repeated attacks on civilian targets have led 696 00:39:03,280 --> 00:39:07,080 Speaker 1: to calls to hold President Vladimir Putin and his subordinates accountable. 697 00:39:07,480 --> 00:39:10,799 Speaker 1: The International Criminal Court has opened an investigation into war 698 00:39:10,880 --> 00:39:14,040 Speaker 1: crimes in Ukraine. However, it's far from certain that Putin 699 00:39:14,080 --> 00:39:17,399 Speaker 1: will be brought to justice under international law. For more 700 00:39:17,400 --> 00:39:20,520 Speaker 1: on the matter, Bloomberg's June Grosso speaks to Kate McIntosh, 701 00:39:20,800 --> 00:39:24,160 Speaker 1: executive director of the Promise Institute for Human Rights at 702 00:39:24,360 --> 00:39:27,000 Speaker 1: u c L A school of law. What has to 703 00:39:27,000 --> 00:39:31,319 Speaker 1: be proven to prosecute someone like Vladimir Putin? Do you 704 00:39:31,360 --> 00:39:34,600 Speaker 1: have to show that his actions were intentional? What has 705 00:39:34,640 --> 00:39:36,880 Speaker 1: to be shown you do? And I think that is 706 00:39:36,920 --> 00:39:40,080 Speaker 1: the reason for the slight hesitancy in declaring that he 707 00:39:40,280 --> 00:39:43,920 Speaker 1: is a war criminal before any proper investigation has taken place, 708 00:39:43,960 --> 00:39:46,760 Speaker 1: and just based on reports of what we've seen occurring 709 00:39:46,800 --> 00:39:52,000 Speaker 1: actually on the ground. Because intentionally directing military attacks against 710 00:39:52,000 --> 00:39:56,080 Speaker 1: the civilian population or civilian targets like hospitals or the 711 00:39:56,200 --> 00:39:59,200 Speaker 1: art school that we saw recently, or a museum, that 712 00:39:59,280 --> 00:40:02,040 Speaker 1: would be a war crime. But the fact that these 713 00:40:02,160 --> 00:40:05,560 Speaker 1: targets are hit during a conflict does not necessarily mean 714 00:40:05,600 --> 00:40:10,280 Speaker 1: they were intentionally targeted, so it would be possible, I mean, frankly, 715 00:40:10,320 --> 00:40:13,640 Speaker 1: this seems unlikely in the kind of situation we've seen 716 00:40:13,680 --> 00:40:17,040 Speaker 1: reported in Ukraine. It would be possible for a legitimate 717 00:40:17,040 --> 00:40:19,839 Speaker 1: target to be targeted and for there to be incidental 718 00:40:20,000 --> 00:40:23,040 Speaker 1: or what we often hear of referred to as collateral damage, 719 00:40:23,160 --> 00:40:25,239 Speaker 1: which actually wouldn't be a war crime as long as 720 00:40:25,280 --> 00:40:28,360 Speaker 1: it wasn't completely out of whack, you know, completely disproportionate. 721 00:40:28,640 --> 00:40:30,759 Speaker 1: So I think that's the hesitancy. So in order to 722 00:40:30,840 --> 00:40:34,560 Speaker 1: find Laodim Recruiting or anybody else guilty of a war crime, 723 00:40:34,560 --> 00:40:37,840 Speaker 1: it would have to be established that they intended, directed, 724 00:40:37,920 --> 00:40:41,320 Speaker 1: or gave orders to the effect that something like civilians 725 00:40:41,320 --> 00:40:45,480 Speaker 1: should be targeted, hospitals should be targeted, and Mariople actually 726 00:40:45,600 --> 00:40:49,120 Speaker 1: is another example, because besieging a city or trying to 727 00:40:49,200 --> 00:40:52,759 Speaker 1: inflict starvation on a civilian population is another war crime. 728 00:40:52,920 --> 00:40:55,200 Speaker 1: So where that can be tied back to specific orders 729 00:40:55,200 --> 00:40:58,400 Speaker 1: and direction, then a war crime is proved. That sounds 730 00:40:58,440 --> 00:41:02,560 Speaker 1: like you would need someone on the inside who Putin 731 00:41:02,640 --> 00:41:07,440 Speaker 1: is giving orders to, or who overheard what Putin was saying. 732 00:41:07,880 --> 00:41:10,280 Speaker 1: It could come down to that. I mean, I've worked 733 00:41:10,400 --> 00:41:14,880 Speaker 1: at the Yugoslavia War trans cribunial and also the Rwanda tribunals. 734 00:41:14,920 --> 00:41:17,360 Speaker 1: So I've seen these cases, and in some cases it 735 00:41:17,480 --> 00:41:21,400 Speaker 1: did rely on intercept or inside a witnesses to establish 736 00:41:21,400 --> 00:41:24,400 Speaker 1: a chain of command. But the threshold is not necessarily 737 00:41:24,400 --> 00:41:28,239 Speaker 1: that high. There's also legally a possibility that intention can 738 00:41:28,280 --> 00:41:31,560 Speaker 1: be inferred, right if it's so obvious from the situation 739 00:41:31,600 --> 00:41:34,839 Speaker 1: that there's no way anything else, any other intention could 740 00:41:34,840 --> 00:41:37,400 Speaker 1: be inferred than that that instruction had been given. So, 741 00:41:37,480 --> 00:41:41,200 Speaker 1: for example, if there is an attack on a hospital 742 00:41:41,400 --> 00:41:43,239 Speaker 1: and there's nothing in the vicinity that could be in 743 00:41:43,280 --> 00:41:46,960 Speaker 1: a legitimate military objective, there's no allegation that the hospital 744 00:41:47,040 --> 00:41:49,879 Speaker 1: was being used as some kind of military headquarters, then 745 00:41:50,160 --> 00:41:52,960 Speaker 1: we can infer that there was a deliberate intention to 746 00:41:53,000 --> 00:41:57,200 Speaker 1: attack that hospital. Let's kid Nacontage, executive director of the 747 00:41:57,239 --> 00:41:59,600 Speaker 1: Promise Institute for Human Rights and u c l A 748 00:41:59,680 --> 00:42:03,239 Speaker 1: School Law, speaking with Bloomberg's June Grosso. Catch more of 749 00:42:03,239 --> 00:42:06,480 Speaker 1: that interview, plus analysis of the latest legal news, by 750 00:42:06,520 --> 00:42:09,360 Speaker 1: listening to the Bloomberg Law Show at ten pm Eastern 751 00:42:09,440 --> 00:42:13,400 Speaker 1: Time on Bloomberg Radio or subscribing to the Bloomberg Law Podcast. 752 00:42:13,480 --> 00:42:17,120 Speaker 1: And attorneys can find exceptional legal research and business development 753 00:42:17,160 --> 00:42:21,760 Speaker 1: tools at Bloomberg Law dot com. Right now, SMP futures 754 00:42:21,800 --> 00:42:24,640 Speaker 1: are extending their declines, down sixteen points down to how 755 00:42:24,680 --> 00:42:27,239 Speaker 1: futures down A hundred four dance deck futures are lower 756 00:42:27,560 --> 00:42:30,520 Speaker 1: by sixty three points. The Tenure Treasury is up seven 757 00:42:30,560 --> 00:42:33,520 Speaker 1: thirty seconds yield two point three five percent, yield on 758 00:42:33,560 --> 00:42:36,040 Speaker 1: the two year two point one one percent. Nime X 759 00:42:36,080 --> 00:42:38,160 Speaker 1: screwed is up one and three quarters percent now, but 760 00:42:38,239 --> 00:42:42,160 Speaker 1: dollar ninety at a hundred eleven dollars seventeen cents announced. 761 00:42:42,520 --> 00:42:45,680 Speaker 1: Bloomberg Day Break continues with our top stories just ahead. 762 00:42:45,960 --> 00:42:48,360 Speaker 1: This is Bloomberg. Good morning,