Speaker 1: Live from the Bloomberg Interactive Brooker Studios is Bloomberg Gave
Speaker 1: Break for Tuesday, March eight. Coming up this hour. U
Speaker 1: s lawmakers make plans to ban Russian oil as crude
Speaker 1: prices continue to climb. Moscow threatens to cut off natural
Speaker 1: gas applies to Europe. Sticker shock at the pump as
Speaker 1: US gas prices hit an all time record and the
Speaker 1: S and P five hundred comes off its worst day
Speaker 1: since October of New York City prepares for the possibility
Speaker 1: of a cyber attack by Russia. Plus President bigall sign
Speaker 1: and executive order regulating cryptocurrency. I'm Michael Clark. More ahead,
Speaker 1: I'm John stas Shower and sports a big night for
Speaker 1: Julius Randolly Live the next The Victory and Sacramento the
Speaker 1: Islanders lost to Colorado. That's all straight Ahead on Bloomberg
Speaker 1: day Break on Bloomberg Element Treo, New York, Bloomberg Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine six,
Speaker 1: San Francisco, Sirius x M one nineteen and around the
Speaker 1: world Old on Bloomberg Radio dot Com and via The
Speaker 1: Bloomberg Business. Good Morning, I'm Nathan Hagar, and I'm Karen. Moscow.
Speaker 1: US Dock Index futures are higher after the biggest one
Speaker 1: day loss for stock since We're coming up to five
Speaker 1: oh one on Wall Street, and we check the markets
Speaker 1: every fifteen minutes throughout the trading day. On Bloomberg SMP
Speaker 1: futures of about sixteen points down, futures up seventy two.
Speaker 1: Nasday future is up twenty seven. The decks in Germany
Speaker 1: is at one point four percent, the ten year treasury
Speaker 1: down nineteen thirty seconds, held one point eight four percent,
Speaker 1: and a yield on the two year one point five
Speaker 1: nine percent, and Nimex screwed oil is up two point
Speaker 1: four percent. Nathan, all right, Karen, we'll have more on
Speaker 1: the markets in a minute, but first, the latest on
Speaker 1: the war in Ukraine. Russia is now threatening to cut
Speaker 1: off natural gas supplies to Europe through the North Stream
Speaker 1: one pipeline. That's in response to sanctions from the US,
Speaker 1: Europe and their allies. Russian President Vladimir Putin says the
Speaker 1: war will continue until all his demands are met. Ukrainian
Speaker 1: President Vladimir Zlinsky says it's not that simple. This is
Speaker 1: another ultimatum and we are not prepared for ultimatums. What
Speaker 1: needs to be done is for President Putting to stop talking,
Speaker 1: start the dialog. Instead of living in the informational bubble
Speaker 1: without oxygen, I think that's where he is. Ukrainian President
Speaker 1: Zelinski spoke to ABC News. Russia and Ukraine say they
Speaker 1: will talk again today about establishing humanitarian corridors for civilians
Speaker 1: fleeing the fighting. The first three rounds of negotiations haven't
Speaker 1: made much progress. Meantime, on Capitol Hill, Nathan lawmakers are
Speaker 1: working to ramp up pressure on Moscow. They have come
Speaker 1: up with a plan to ban imports of Russian oil
Speaker 1: into the US, and Amy Morris has details from our
Speaker 1: Bloomberg ninety one newsroom in Washington. Biden administration officials have
Speaker 1: been working out what the economic repercussions might be for
Speaker 1: US consumers. The agreement would also give President Biden the
Speaker 1: power to boost tariffs on other imports from Russia and Belarus.
Speaker 1: It would seek a suspension of Russia's participation of the
Speaker 1: World Trade Organization. The White House has been noncommittal. White
Speaker 1: House Press Secretary Jen Psaki says no decision has been
Speaker 1: made yet. The best thing we can do is reduced
Speaker 1: our dependence on fossil fuels and foreign oil so that
Speaker 1: we're not worried about gas prices going up because of
Speaker 1: the whims of a foreign dictator. The House of Representatives
Speaker 1: could vote on the proposal as Junes tomorrow in Washington.
Speaker 1: I maybe more as Bloomberg daybreak. All right, Amy, thanks,
Speaker 1: and once again we are seeing major market moves tied
Speaker 1: to the war in Ukraine. Let's get the very latest
Speaker 1: from Bloomberg's John Tucker Live in New York, John Nathan.
Speaker 1: Disruption to energy markets and broader uncertainty sent the down
Speaker 1: jones A dustrial leverage down two point four percent in
Speaker 1: Monday's session, hundred lost nearly three percent, the NAZAC up
Speaker 1: pummeled down three point six percent. Well. This morning, stocks
Speaker 1: and Europe rallying along with US futures after we reported
Speaker 1: that the European Union is considering joint bond sales to
Speaker 1: help counter the fallout for the war. Our sources say
Speaker 1: the bond sale for POS may be presented as soon
Speaker 1: as next week. On another front, the London Metal Exchange
Speaker 1: halted trading in its nickel market after an unprecedented price
Speaker 1: bike left brokers struggling to pay margin calls live to
Speaker 1: New York on John Tucker Bloomberg. Tay Preak, all right, John,
Speaker 1: thank you all. Oil prices are searching again this morning.
Speaker 1: If penalties hit Russian crew, there's likely no way to
Speaker 1: replace that production. That's according to OPEC Secretary General Mohammed Barkindo.
Speaker 1: How do we survive this crisis? There is no capacity
Speaker 1: in the world At the moment, the country place seven
Speaker 1: million barrels of exports. OPAK Secretary General Mohammed Barkindo describes
Speaker 1: Russia's war against Ukraine as a humanitarian tragedy. Checking prices
Speaker 1: right now, nim ex screwed oil is up to and
Speaker 1: a third percent. Is that a hundred twenty three cents
Speaker 1: of barrel? Brent is up two and a half percent
Speaker 1: at a hundred twenty six dollars twenty seven cents. And
Speaker 1: we've seen gas prices surge over the past two weeks
Speaker 1: as well, Karen, and that is causing pain at the pump.
Speaker 1: But drivers say the would be willing to pay even
Speaker 1: more if it would end the war in Ukraine. Let's
Speaker 1: get the details now from Bloomberg's Lisa Mateo. Gas prices
Speaker 1: are soaring, but many drivers are saying will pay more
Speaker 1: at the pump. That's according to a Quinnipiac poll, which
Speaker 1: found seventy one percent of Americans would support banning Russian
Speaker 1: oil even if it leads to higher gas prices. The
Speaker 1: national average for gas has reached four dollars and seventeen
Speaker 1: cents a gallon, according to Triple A. That tops the
Speaker 1: nationwide monthly record of four dollars and ten cents set
Speaker 1: back in two thousand and eight. In New York, I'm
Speaker 1: Lisa Mateo Bloomberg Daybreak, Lisa, thank you. As war rages
Speaker 1: in Ukraine, top US intelligence officials are coming out with
Speaker 1: their annual threat assessment. The Office of the Director of
Speaker 1: National Intelligences a grim on global outlook thanks to Russia
Speaker 1: and China. Bloomberg's Nia Young joins US Live with the details.
Speaker 1: Good morning Redina, Good morning Karen. The threat assessment says
Speaker 1: China is developing one of the greatest nuclear weapons forces
Speaker 1: in history, while Russia will exploit every opportunity d to
Speaker 1: undermine the US and its allies. The nation's top intelligence
Speaker 1: chiefs will testify about their report before the House Committee today.
Speaker 1: The assessment is used by Congress as a baseline to
Speaker 1: make critical decisions advanced legislation and craft budgets. But since
Speaker 1: it was written before Russia invaded Ukraine, lawmakers will likely
Speaker 1: press intelligence chiefs for the most current assessments. During today's
Speaker 1: hearing live in New York, I'm Renita Young Bloomberg Daybreak. Okay, Nita,
Speaker 1: thank you. Know. When it comes to the assessment for markets,
Speaker 1: it's all about the fallout from the war and the
Speaker 1: future of FED policy. The Fed meets one week from
Speaker 1: today and Morgan Stanley CEO James Gorman says the Central
Speaker 1: Bank should still start rate hikes despite the war in Ukraine.
Speaker 1: Speaking in Sydney, Gorman said the Fed needs to contain
Speaker 1: prices but also be careful not to tip the economy
Speaker 1: into recession. And corporate news, Nathan Apple is holding its
Speaker 1: first product unveiling of two the event, cake Stoff was
Speaker 1: expected to be its biggest year ever in terms of
Speaker 1: new devices. The company is poised to announce its first
Speaker 1: low cost iPhone sc with five G capabilities, a new
Speaker 1: iPad Air and updated match with Apple made ships. And finally,
Speaker 1: Karen Warren Buffett's back among the five richest people in
Speaker 1: the world. Has Fortune's risen more than seven percent this
Speaker 1: year thanks to a rally in Berkshire. Hathaway shares straight
Speaker 1: ahead the latest local headlines and the check of sports.
Speaker 1: This is Bloomberg and it's now five oh seven on
Speaker 1: Wall Street where forty one degrees in Central Parks. Seeing
Speaker 1: a lot of problems on mass transit this morning with
Speaker 1: down power cables from all the winds yesterday. The tails
Speaker 1: are not come up in traffic. First Michael Art with
Speaker 1: more on what's going on in New York had around
Speaker 1: the world the morning Michael, Good Morning, Nathan. New York
Speaker 1: City is preparing for the possibility of a cyber attack
Speaker 1: by Russia. The city's chief Technology Officer, Matthew Fraser says
Speaker 1: it could happen. We see the rights pop up periodically,
Speaker 1: though specifically associated to this heightened sense. We've seen an
Speaker 1: uptick um, but we're not aware of any campaign that's
Speaker 1: explicitly targeting the city itself. Back Officer Fraser says New
Speaker 1: York is on ultra high alert following US imposed sanctions
Speaker 1: against Russia for its ongoing invasion of Ukraine. The fear
Speaker 1: as Russia will try to retaliate The NYPDS Deputy Commissioner
Speaker 1: John Miller weiget that we're in a heightened threat um
Speaker 1: and we have been gearing up for that heightened threat
Speaker 1: to come along from our normal high alert to ultra
Speaker 1: high alert, and that's where we are. The NMPDS Miller
Speaker 1: says it's best to be ready just in case a
Speaker 1: homegrown terrorist strikes. President Joe Biden is expected to sign
Speaker 1: an executive order on cryptocurrency this week that will mark
Speaker 1: the first step toward regulating how digital currency is traded.
Speaker 1: The move comes as administration officials have raised concern in
Speaker 1: recent weeks about Russia's use of cryptocurrency to evade the
Speaker 1: impact of crushing scions. Tens of thousands of customers are
Speaker 1: without power in New York and New Jersey after a
Speaker 1: line of severe storms swept through the northeast. This man
Speaker 1: in Cedar Grove, New Jersey, spent the night at a
Speaker 1: neighbor's house after a free fell alongside his home, cut
Speaker 1: off his power and blocked his front door. Start rain heard,
Speaker 1: then all of a sudden is sounding train went through
Speaker 1: and the wind was howled and then to the house.
Speaker 1: He says. They're waiting to see whether they can safely
Speaker 1: return to their house today. Jerry's selection begins today and
Speaker 1: the trial of four men who were accused of conspiring
Speaker 1: to kidnap Michigan Governor Gretchen Whitmer. The government says the
Speaker 1: men were upset about Whitmer's COVID nineteen restrictions, but defense
Speaker 1: lawyers claimed the four were groomed and cajoled by federal
Speaker 1: agents and informants. The CDC raised it's COVID nineteen travel
Speaker 1: advisory for Hong Kong by one step to level four,
Speaker 1: or very high, as the city's death rate is now
Speaker 1: the highest in the world. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven under journalist and analysts more than
Speaker 1: a hundred twenty countries. At Michael bar This is Bloomer.
Speaker 1: Thank you, Michael. Almost five ten on Wall Street, Time
Speaker 1: for the Bloomberg Sports Updated. Morty John Sans Sharon, Good morning,
Speaker 1: Nathan Biggas reason the Knicks so much better last season
Speaker 1: and this one. Julius Randall was so much better last season,
Speaker 1: But last night Randall as good as he has ever been.
Speaker 1: A career high forties six points. He made eight three
Speaker 1: Parners of the Knicks turned the table. Somebody blown leaves lately.
Speaker 1: This time they made the comeback from sixteen down and
Speaker 1: they won in Sacramento one one to one fifteen. The
Speaker 1: Knicks had their first two game winning streak in nearly
Speaker 1: two months. Joel mb scored forty three in Philadelphias, winning
Speaker 1: over Chicago. San Antonio beat the Lakers. Greg Popovich ties
Speaker 1: Don Nelson's record for most totoon victories. The Islanders welcomed
Speaker 1: in the NHL's best team. Colorado moved thirty games over
Speaker 1: five hundred, scored four goals in a span of less
Speaker 1: than four and a half minutes in the third period,
Speaker 1: and then held on with the Isles. Five four March
Speaker 1: Madness championship came at the Southern Conference Tournament. One time
Speaker 1: all drive all the way in his layoup Is foot
Speaker 1: quit four point three seconds left, David Jean Battis drives
Speaker 1: goes up three ft on the way and the call
Speaker 1: on their field. Chattanooga beat Ferman sixty four sixty three
Speaker 1: and over time. The Calvin Ridley's story not all that
Speaker 1: surprise in considering the growth of sports betting, now legal
Speaker 1: in many states, so accessible with the touch of a phone.
Speaker 1: Ridley the Falcon Star wide receiver admitted to making bets
Speaker 1: on NFL games, including bets on his team to win,
Speaker 1: although they were games he was not playing in. Regardless
Speaker 1: hit with a suspension of at least all of two,
Speaker 1: it will cost really eleven million dollars. John stash Award
Speaker 1: Bloomberg Sports, Nathan Okay, John, thanks SMP Future is now
Speaker 1: up six points, Staff Futures up one point, Nasty Futures
Speaker 1: up four after yesterday's sell off, the tenure Treasury down
Speaker 1: seventeen thirty seconds, the yield one three percent. You're listening
Speaker 1: to Bloomberg DeBerg Blumber eleven three oh Weather sunny continued
Speaker 1: breezy today with HIGs and the upper forties. Lights. Now
Speaker 1: tomorrow morning turning over into light rain. We'll have highs
Speaker 1: in the upper thirties, back in your fifty and partly
Speaker 1: sunny by Thursday. Right now forty one degrees. Markets headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business Outland at Bloomberg Quicktake. He's
Speaker 1: a Bloomberg Business Flash and I'm Cameron Moscow. Stocks in
Speaker 1: Europe are rallying along with US stock index futures after
Speaker 1: we reported that the European Union is considering joint bond
Speaker 1: sales to help counter the fallout from Russia's invasion of Ukraine.
Speaker 1: Bonds are dropping, the euros strengthening. We checked the markets
Speaker 1: every fifteen minutes throughout the trading day on bloomberg S
Speaker 1: and P futures up about ten points and down. Future
Speaker 1: is up twenty six now as to futures up ten.
Speaker 1: The decks in Germany is up six tents of upper cent.
Speaker 1: The ten year treasury down seventeen thirty seconds. He had
Speaker 1: one eight three per cent, the yield on the two
Speaker 1: year one point five nine percent. Nine x Scrude oil
Speaker 1: is up one point nine percent, up two dollars twenty
Speaker 1: five cents at a hundred twenty one dollar, sixty five
Speaker 1: cents of barrel. Comics gold up seven tenths percent or
Speaker 1: thirteen dollars at two thousand and nine dollars and ounce.
Speaker 1: The euro one point eight three against the dollar, British
Speaker 1: found one point three one three zero, the ends at
Speaker 1: one fifteen point five eight and Bitcoin this morning moving higher,
Speaker 1: up more than two and a half percent at thirty
Speaker 1: eight thousand, eight hundred fifty dollars. That's a Bloomberg business flash.
Speaker 1: Now here's Michael Barr with more on what's going on
Speaker 1: around the world. Michael, good morning, Good morning, Karen A.
Speaker 1: Russia's top energy official threatened to cut off natural gas
Speaker 1: flows from the nord Stream one pipeline, escalates economic tensions
Speaker 1: with Europe as the war in Ukraine continues. Russia and
Speaker 1: Ukraine have said they will continue to hold talks on
Speaker 1: the potential ceasefire, although a third round of discussions for
Speaker 1: douce little progress. US drivers are now paying more for
Speaker 1: gas than at any other time in history as demand
Speaker 1: surges and the war in Ukraine threatens global oil supplies.
Speaker 1: According to Triple A, the average pump prices in the
Speaker 1: US are now more than four dollars seventeen cents per gallant.
Speaker 1: In the NBA, the nixt one, the Warriors lost in
Speaker 1: the NHL, the Islanders lost, the Bruins lost to O
Speaker 1: t to the King's Three. To Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than twenty seven hundred journalist and analyst more
Speaker 1: than a hundred twenty countries. Michael bar this is Bloomberg Nathan, Okay, Michael. Thanks,
Speaker 1: It's five nineteen on Wall Street line from the Bloomberg
Speaker 1: Interactive Broker Studios. This is Bloomberg Daybreak and as we
Speaker 1: continue following developments in the war in Ukraine. Were joined
Speaker 1: by Julie Norman, now Professor and lecture on Politics and
Speaker 1: International Relations at University College London. Here we are Professor
Speaker 1: into day thirteen of this war and Russia's President Vladimir
Speaker 1: Putin says it will continue until all his demands are met.
Speaker 1: What does this tell you about how much longer this
Speaker 1: war could grind on? Well, good morning, Nathan. The length
Speaker 1: of this war is really uncertain, and we've known that
Speaker 1: from the beginning. Putin is continuing to demand that Ukraine
Speaker 1: recognizes his annexation of Primea and also some of the
Speaker 1: Eastern regions. He's still wanting Ukraine to commit to neutrality
Speaker 1: and to pledge not to join NATO. So as we know,
Speaker 1: these were some of his demands before the escalation and
Speaker 1: before the invasion as well, and they seem to be
Speaker 1: what he is still pushing for. There have been talks
Speaker 1: going on. The Ukrainian and Russian officials have met three
Speaker 1: times already, with more talks planned, but right now I
Speaker 1: think most of the emphasis will just be on trying
Speaker 1: to get some kind of cease fires for some of
Speaker 1: these humanitarian corridors and some of these bigger questions are
Speaker 1: still going to be outstanding for quite a while. And
Speaker 1: we just heard from the head of the Refugee Agency
Speaker 1: at the United Nations that the number of people fleeing
Speaker 1: the war in Ukraine is now top two million. Is
Speaker 1: Europe able to handle this refugee influx? Well, what we've
Speaker 1: seen so far is actually a very strong welcoming from
Speaker 1: Europe as much as they can. Uh. That's from both
Speaker 1: a civilian perspective, so people showing up at the borders
Speaker 1: offering rooms in their houses, offering food, clothing, uh and
Speaker 1: also from you countries to try and facilitate visas and
Speaker 1: temporary status and whatnot. But with that said, this is
Speaker 1: a very large number of people. It's a continually rising
Speaker 1: number of people, and I think the European countries, including
Speaker 1: the UK and as well as non European countries like
Speaker 1: the US, will really need to be focusing more on
Speaker 1: how to support a lot of refugees of families who
Speaker 1: are fleeing because this is however long the actual military
Speaker 1: conflict goes on, the impact on civilians and people who
Speaker 1: have been forced to flee in particular is going to
Speaker 1: be even more long lasting, and we need to start
Speaker 1: focusing efforts there. Are we seeing any signs that the
Speaker 1: Ukraine resistance is wearing down Russia's military and whether that
Speaker 1: could have any impact on how much longer this will last. Well,
Speaker 1: the resistance has obviously been much stronger than I think
Speaker 1: many predicted. Um With that said, you know, Russia I
Speaker 1: think has been obviously installed in many ways, but has
Speaker 1: also so far been focusing on I would say, you know,
Speaker 1: trying to largely focusing on targeting infrastructure, on kind of
Speaker 1: cutting off energy, and these kinds of things are going
Speaker 1: to have a very severe impact on civilians. We've already
Speaker 1: seen some cities where now tens, if not hundreds of
Speaker 1: thousands of people are cut off from water, from heat,
Speaker 1: They're going to be running out of food, and so
Speaker 1: even though it's not the same as say like, uh,
Speaker 1: you know, and if your attack on a city or
Speaker 1: something like that, we are going to see the civilian
Speaker 1: pressures increasing with this kind of siege kind of operations,
Speaker 1: and those are things that it's UH. It's hard for
Speaker 1: a resistance movement to to push back when it's those
Speaker 1: kinds of grievances that people are starting to feel, And
Speaker 1: that's the kind of squeeze that might put the pressure
Speaker 1: onto UH to try and try and change the dynamics.
Speaker 1: What kind of pressure could Russia feel from the moves
Speaker 1: we're seeing out of the White House and on Capitol Hill,
Speaker 1: we're hearing that Congress is getting closer to an agreement
Speaker 1: on banning Russian oil imports in this country. Yeah, so
Speaker 1: we heard yesterday that Congressional leaders from both parties seem
Speaker 1: to be moving towards this, but I would emphasize that
Speaker 1: it's definitely not confirmed yet, and there's definitely difference among
Speaker 1: allies and how to move forward on the energy related sanctions.
Speaker 1: In particular, for the US, it's not quite as costly.
Speaker 1: Are imports of crude in particular are quite low um
Speaker 1: as opposed to Europe, where you know, about a third,
Speaker 1: if not more, of some of their gas and oral
Speaker 1: imports come from Russia. So one thing that the Biden
Speaker 1: administration has been very clean on from the beginning is
Speaker 1: not wanting to divide allies. I think they're going to
Speaker 1: be cautious and how they do that, and also recognizing
Speaker 1: that not only will that inflate gas prices even further
Speaker 1: at home, but we'll also have some other knock on effects.
Speaker 1: It'll push roush Usher closer to China, it could prompt
Speaker 1: Russia to cut off all gass and oil to Europe,
Speaker 1: and it also kind of forces the US and allies
Speaker 1: to look to other sources for that. I will supply,
Speaker 1: including Venezuela and other actors where they've already had sanctions before.
Speaker 1: So I would say there's a lot of political good
Speaker 1: will and I think for the right reasons, but there's
Speaker 1: a lot of moving parts around that that will need
Speaker 1: to be considered. So great to get your insights as always,
Speaker 1: thanks for being with us this morning. Julie Norman, Professor
Speaker 1: and lecture on Politics and International Relations at University College London.
Speaker 1: Futures in the US have been fluctuating this morning. Right
Speaker 1: now they're pointing just a little bit lower with SMP
Speaker 1: futures little change to the downside right now, down futures
Speaker 1: down thirty two points. NAZDAC futures are lower now by
Speaker 1: twenty three points. That's to drop a two tenths of
Speaker 1: one percent after yesterday sell off ten Your treasuries down
Speaker 1: sixteen thirty seconds down the yield one point eight three percent,
Speaker 1: yield on the two year one point five eight and
Speaker 1: NIMEX crude right now is up two point one percent
Speaker 1: of two dollars fifty four cents a hundred ninety three
Speaker 1: cents of barrel as the surge in crude continues. This
Speaker 1: is Bloomberg Bloomberg eleven three oh weather sunny, breezy, upper
Speaker 1: forties today, light snow developing Tomorrow. Ending is light rain,
Speaker 1: late highs in the upper thirties. We'll be back near
Speaker 1: fifty by Thursday. Right now forty one in Central Park,
Speaker 1: broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg eleving three to Washington, d C. Bloomberg on to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg N
Speaker 1: sixteen to the country, sirius xm Cho one nine and
Speaker 1: around the globe the Bloomberg Business at and Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak. It's five thirty on
Speaker 1: Wall Street. Good morning. I'm Nathan Hagar, and I'm Karen, Moscow.
Speaker 1: We're just about four hours away from the open of
Speaker 1: US trading. Let's get you up to date in the
Speaker 1: news you need to know at this hour. Beginning in Ukraine,
Speaker 1: Moscow is now threatening to cut off natural gas supplies
Speaker 1: to Europe. That's after a third round of talks between
Speaker 1: Russia and Ukraine failed to make progress. Bloomberg's At Baxter
Speaker 1: has the latest. Russia says it has heard nothing from
Speaker 1: Ukraine that would make a change direction, and Ukraine's President
Speaker 1: Volatimer Zolensky, and an exclusive ABC interview, says Russia just
Speaker 1: wants to make threats and issue ultimatums and then talking
Speaker 1: about Vladimir Putin through a translator not the time, like
Speaker 1: instead of living in the informational bubble without oxygen. I
Speaker 1: think that's why he is. And u S Secretary of
Speaker 1: State Anthony B. Lincoln has again rejected the play for
Speaker 1: a no fly zo and saying it could lead to
Speaker 1: widening the war in San Francisco, I'm at Baxter Bloomberg Daybreak.
Speaker 1: All right, ed, thanks, you also have developments on Russia.
Speaker 1: Out of Capitol Hill, Congress has announced the outline of
Speaker 1: a bill to bar imports of Russian oil to the US.
Speaker 1: The House can vote on the proposal as soon as
Speaker 1: tomorrow Mall Street, Nathan. US futures are higher after yesterday's
Speaker 1: sell off, and we get the latest on the markets
Speaker 1: live with Bloomberg's John Tucker. John Karen. Sentiment has improved
Speaker 1: on the heels of our report that the European Union
Speaker 1: is considering joint bond sales to help counter the fallout
Speaker 1: from Russia's invasion. The possibility of further Central Banks stimulus
Speaker 1: is lifting risk appetite, and yesterday's session stocks were pummeled,
Speaker 1: with a Nastac tumbling over three and a half percent. Meantime,
Speaker 1: the London Metal Exchange suspended trading in nickel after a
Speaker 1: short squeeze drove the metals priced to more than double
Speaker 1: Live in New York. I'm John Tucker, Bloomberg Daybreak. Okay, John, Thanks,
Speaker 1: there's more pain at the pump this morning. US drivers
Speaker 1: are now paying the most ever for gas. Average prices
Speaker 1: have hit four dollar seventeen cents a gallon. Triple A
Speaker 1: says that's the highest level in records going back more
Speaker 1: than twenty years. Well as we're rageous in Ukraine. Nathan
Speaker 1: top us Intelligence officials are out with their annual threat assessment.
Speaker 1: It's a grim global outlook thanks to Russia and Shina.
Speaker 1: Bloombergs raid To Young joins US Live with the details.
Speaker 1: Good morning, Nida, Good morning Karen. The threat assessment says
Speaker 1: China is developing one of the greatest nuke lear weapons
Speaker 1: forces in history, while Russia will exploit every opportunity to
Speaker 1: undermine the US and its allies. The nation's top intelligence
Speaker 1: chiefs will testify about their report before the House Committee today,
Speaker 1: but since it was written before Russian invaded Ukraine, lawmakers
Speaker 1: will likely press them for a more current assessment. Live
Speaker 1: in New York, I'm Ranita Young, Bloomberg Daybreak, al right,
Speaker 1: RITI to thank you. SMP Future is higher, up seven points,
Speaker 1: DAL Future is up thirteen, Nasday Futures up three and
Speaker 1: I'm straight ahead your latest local headlines plus the check
Speaker 1: of sports. And this is Bloomberg. All right, Karen, Thanks Hi.
Speaker 1: Thirty three on Wall Street, forty one degrees in Central
Speaker 1: Park and New Jersey. Transit services suspended on the Morriss
Speaker 1: exist Gladstone branch thanks to the storms, while the workarounds
Speaker 1: coming up. In traffic. First, Michael Bars here with more
Speaker 1: on what's going on in New York and around the world. Michael,
Speaker 1: thank you very much. Nathan. Officials say Russian cyber attacks
Speaker 1: against the US are a reality. The United States could
Speaker 1: be targeted it and retaliation for the sanctions levied against
Speaker 1: Russia for its invasion of Ukraine major cities like New
Speaker 1: York City, or beefing up security. Senator Kristen Gillebrand of
Speaker 1: New York says the level of risk is very high.
Speaker 1: Russia's military attack on Ukraine's cities and buildings have happened
Speaker 1: in conjunction with cyber attacks waged on Ukraine's critical infrastructure,
Speaker 1: from its banks to departments of government, and there's no
Speaker 1: guarantee that those attacks will be limited to Ukraine. Senator
Speaker 1: Kristen Gillebrand. New York City Deputy Police Commissioner John Miller
Speaker 1: says the city is on ultra high alert. President Joe
Speaker 1: Biden plans to sign an executive order on cryptocurrency this
Speaker 1: week and a step toward regulating how digital currency is traded.
Speaker 1: Administration officials are concerned about Russia's use of cryptocurrency to
Speaker 1: evade the impact of crushing sanctions in response to its
Speaker 1: invasion of Ukraine. The sanctions have sent the Ruble to
Speaker 1: historic lows. A bill is designed for designated for lynching
Speaker 1: as a federal e clock crime is headed to President
Speaker 1: Joe Biden's desk for his signature. The Senate passed the
Speaker 1: Emmett Till Anti Lynching Act Senate Majority Leader Chuck Schumer.
Speaker 1: After more than two hundred failed attempts to outlaw lynching,
Speaker 1: Congress is finally succeeding in taking the long overdue action
Speaker 1: by passing the Emmett Till Anti Lynching Act. Senator Schumer
Speaker 1: says the bill is named after fourteen year old Emmett Till,
Speaker 1: who was lynched in Mississippi in nineteen In a victory
Speaker 1: for Democrats, the Supreme Court has turned away efforts from
Speaker 1: Republicans in North Carolina and Pennsylvania to block state court
Speaker 1: ordered congressional districting plans. The justices are allowing maps elected
Speaker 1: by each state Supreme Court to be in effect for
Speaker 1: the twenty twenty two elections. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalist and analysts more than
Speaker 1: a hundred twenty countries. Michael Barr. This is Bloomberg Nathan.
Speaker 1: Thanks Michael on Wall Street. Time for the Bloomberg Sports Update.
Speaker 1: Here's John Stash Thanks Nathan. Knicks off the win Sunday
Speaker 1: in l A over the Clippers that ended the seven
Speaker 1: game losing Stig moved North, fell behind, and then last
Speaker 1: year's all star led them Backs can take their first
Speaker 1: lead to the game with a three. Granda lets it fly.
Speaker 1: It hits for the right wing and the Knicks swats
Speaker 1: down twenty have come back. They lead. It's Sacramento Randall
Speaker 1: at the left wing steps out great pointster got it.
Speaker 1: Julius Randall with thirty five points. He has matched his
Speaker 1: season high. Nicks n have the calls. Knicks beat the
Speaker 1: King's one thirty one one fifteen. They scored forty four
Speaker 1: points to the third quarter. In Randolph, who was so
Speaker 1: good last year not nearly as good this season, finished
Speaker 1: with a career high forty six points. R J. Barrett
Speaker 1: had a twenty nine and Manuel Quickly had twenty seven.
Speaker 1: U B s areena wild third period, Colorado scored four
Speaker 1: goals in the span of just over four minutes, led
Speaker 1: five to one. The Islanders rally, but the league lending
Speaker 1: Avalanche held on to wins five four Ols have lost
Speaker 1: five of the last seven. The Seahawks of Wagner College,
Speaker 1: with a win tonight in Smithfield, Rhode Island over Bryant College,
Speaker 1: will win the Northeast Conference Tournament in advance to the
Speaker 1: n C Double as Manhattan plays writer at the Matt
Speaker 1: Turney Atlantic City of the a c C Tournament pickings
Speaker 1: tonight at the Barkley Center. Jets owner Woody Johnson now
Speaker 1: wants to buy Chelsea FC of the English Premier League,
Speaker 1: currently owned by a Russian oligard. Price tag said to
Speaker 1: me about two and a half billion dollars. If it's Tuesday,
Speaker 1: it must be time to cancel. Another week of the
Speaker 1: baseball regular season. Happen a week ago, and it will
Speaker 1: happen again tonight if there's no lockout ending lads, John
Speaker 1: Stall and Bloomberg sport so optimistic. Thank you John seven
Speaker 1: on Wall Street time for the Tri State Business Report.
Speaker 1: Here's Bloomberg, said Cory. New Jersey Governor Phil Murphy says
Speaker 1: the state's considering action against dozens of Russian linked Luke
Speaker 1: oil gas stations. Last week, he signed a proclamation directing
Speaker 1: state agencies to review their authority is to spend licenses
Speaker 1: of Russia owned businesses or firms that directly invest in
Speaker 1: firms tied to Russia or Belarus. Rents in New York
Speaker 1: rose thirty three percent between January twenty one in January two.
Speaker 1: That's according to the online listing side Apartment List. The
Speaker 1: increases about double the national rate and the highest increase
Speaker 1: among the one hundred biggest American cities tracked by the
Speaker 1: site New York City Subways. There's still only a little
Speaker 1: more than a half full two years after the pandemic,
Speaker 1: rock the finances the biggest US transportation network. In an
Speaker 1: interview with Bloomberg, the head of the m t A
Speaker 1: says he's now preparing for a future in which millions
Speaker 1: of writers just don't return that your Bloomberg Try State
Speaker 1: Business Report. I'm Ed Corey. Thanks at five thirty eight
Speaker 1: on Wall Street. Bloomberg Radio is on the air from
Speaker 1: San Francisco to New York, London to Hong Kong. Let's
Speaker 1: check in with our global news team for some of
Speaker 1: the top stories heard on our three hundred affiliate radio
Speaker 1: stations around the world. I'm Steve Polas had Ted ted
Speaker 1: Wins in New York. We're talking about how the flow
Speaker 1: of lattes on Wall Street reflects their work. Turn to
Speaker 1: the offers boost on the financial district. Um Corney's anaho
Speaker 1: on Keral Dan Dallas airlines are facing a dilemma over
Speaker 1: raising fares as fuel jumps. I'm Caroline Head called Bloomberg
Speaker 1: Dave Digital Radio in London. Wom reporting on UK petrol
Speaker 1: and diesel prices hitting a record as the war in
Speaker 1: Ukraine offense markets. I'm in Corey on w w J
Speaker 1: and Detroit. I'm Repoarding and development team wants to convert
Speaker 1: an old picture body plant into apartments, retail and more.
Speaker 1: Those are some of the stories our twenty seven hundred
Speaker 1: Bloomberg journalists and analysts are working on this morning. Around
Speaker 1: the world. It's five thirty nine on Wall Street. The
Speaker 1: following is an editorial from Bloomberg Opinion. Across the US,
Speaker 1: state and local officials have been putting forth high profile
Speaker 1: plans to accept taxes in bitcoin. Meanwhile, the mayors of
Speaker 1: two major American cities have taken their salaries in cryptocurrencies.
Speaker 1: One can't help but appreciate the irony of officials rushing
Speaker 1: to embrace crypto A movement originally aimed at obviating the
Speaker 1: need for central authorities to be fair. The hype surrounding
Speaker 1: blockchain technology isn't entirely unjustified. Properly regulated digital currencies could
Speaker 1: potentially make the financial system more resilient, but the state
Speaker 1: and local initiatives that issues seem mostly concerned with generating
Speaker 1: publicity and latching onto the current crypto frenzy. That said,
Speaker 1: there's nothing wrong with a bit of experimentation if it
Speaker 1: doesn't harm anyone and might induce some innovation. Just don't
Speaker 1: mistake it for the legitimization of a technology that still
Speaker 1: has a long way to go. This editorial was written
Speaker 1: by the Bloomberg Opinion Editorial Board. I'm David Shipley. For
Speaker 1: more Bloomberg opinion, please go to Bloomberg dot com, slash
Speaker 1: opinion or opion go on the Bloomberg terminal. This has
Speaker 1: been Bloomberg opinion. You can hear Bloomberg opinion editorials every
Speaker 1: weekday at this time. Terminal customers can read more at
Speaker 1: op i end go and terminal customers may have seen
Speaker 1: these red headlines cross the Bloomberg a couple of moments ago.
Speaker 1: Shell says it will stop all spot purchases of Russian
Speaker 1: crude oil and begin a phased withdrawal from Russian pipeline gas.
Speaker 1: And l n G Shall bought a cargo of Russian
Speaker 1: urals oil at a record discount last week. In a statement,
Speaker 1: Shell CEO is apologizing. Futures mixed. Now you're listening to
Speaker 1: Bloomberg day Break Bloomberg eleven three o weather sunny, breezy,
Speaker 1: upper forties today, light snow tomorrow morning, ending his light
Speaker 1: rain late tomorrow, upper thirties. We'll be back near fifty
Speaker 1: and partly sunny by Thursday. Right now forty one in
Speaker 1: Central Park Markets, headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot Com, the Bloomberg Business at
Speaker 1: and at Bloomberg Quick Tape. He's a Bloomberg Business Flash
Speaker 1: and I'm Cameron Moscow. This update brought to you by
Speaker 1: s CI with an operating platform designed to support all
Speaker 1: major asset classes, diverse diges and investment vehicles. Sci is
Speaker 1: redefining wealth management. Learn more at sci c dot com.
Speaker 1: Slash I m S. Stocks in Europe are rallying along
Speaker 1: with US stock index futures every after we reported that
Speaker 1: the European Union is considering joint bond sales to help
Speaker 1: counter the fallout from Russia's invasion of Ukraine. Bonds are dropping,
Speaker 1: the euro strengthening. We checked the markets every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg SMP futures up fifteen
Speaker 1: points down, futures up seventy six. Nast day future is
Speaker 1: up twenty eight The decks in Germany's up about six
Speaker 1: tenths of upper cent ten. Your treasury down twenty thirty seconds.
Speaker 1: You had one point eight four percent. They yield on
Speaker 1: the two year one point five nine percent. Nine meg
Speaker 1: Screwed oil is up two point nine percent of three
Speaker 1: dollars forty one cents at a hundred twenty two dollars.
Speaker 1: Eighty one cents of barrel comes called up eight tens
Speaker 1: per cent, or fifteen dollars eighty cents at eleven seventy announced.
Speaker 1: The euro one point zero eight eight two against the dollar.
Speaker 1: British found one point three one to five. The ends
Speaker 1: at one fifteen point six zero. Bitcoin is higher, up
Speaker 1: a most three percent at thirty eight thousand, nine hundred dollars.
Speaker 1: That's a Bloomberg bus and slash. Now Here's Michael Barr
Speaker 1: with more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. As the Russian invasion continues, Ukrainian
Speaker 1: President Volodimir Zelinski hopes Russia will honor a ceasefire meant
Speaker 1: to establish a humanitarian corridor rather than break it again.
Speaker 1: Over one and a half million people have already fled
Speaker 1: the country. Ukraine is demanding NATO imposed a no fly
Speaker 1: zone to prevent further civilian deaths, though President Biden opposes this,
Speaker 1: saying it risks direct conflict between NATO and Russia. According
Speaker 1: to Triple A, the average gas prices in the US
Speaker 1: at the pump are now more than four dollars seventeen
Speaker 1: cents per gallant. The record prices come as man surges
Speaker 1: and the war in Ukraine threatens global oil supplies. In
Speaker 1: the NBA, the Knicks one, the Warriors lost. In the NHL,
Speaker 1: the Islanders lost, the Bruins lost to o t to
Speaker 1: the King's Three too Global twenty four hours a day
Speaker 1: on air and on Bloomberg Quicktake, powered by more than
Speaker 1: twenty seven hundred journalists and analysts more than twenty countries.
Speaker 1: Michael Barr, this is Bloomberg. Nathan Okay, Michael. Thanks, It's
Speaker 1: five forty nine on Wall Street Live from the Bloomberg
Speaker 1: Interactive Broker studios. This is Bloomberg Daybreak. Let's get more
Speaker 1: now on the potential economic impact of the ongoing war
Speaker 1: in Ukraine. Jennifer Lee is with us now, senior economist
Speaker 1: at BEMO Capital Markets. Jennifer, it's always good to speak
Speaker 1: with you. And as we heard from Michael Barr, yes,
Speaker 1: gas prices are to record in this country. We're also
Speaker 1: seeing huge surges and other commodities like of course crude
Speaker 1: oil and the major spike in nickel wheat. So many
Speaker 1: other assets are surging in price right now. What is
Speaker 1: the potential economic impact of all these major gains in prices? Well,
Speaker 1: good morning, Um, you know, I think they the impact
Speaker 1: is clearly going to be negative for for the US economy. Um.
Speaker 1: The good thing is that I will put up the
Speaker 1: positive respect is at least the US is coming from
Speaker 1: a position of strength right now. So instead of you know,
Speaker 1: for example, we're gonna have percent growth that were we
Speaker 1: were expecting this year, we're probably going to look at
Speaker 1: slower growth. Still growth nonetheless, but clearly the impact of
Speaker 1: inflation is going to have that damping impact overall. But
Speaker 1: as as but I will also point out that consumers
Speaker 1: we're gonna are going to be leaning on more of
Speaker 1: their savings, so at least they have that cushion um,
Speaker 1: which is uh, which is one piece of good news
Speaker 1: I think for this When you see gas prices moving
Speaker 1: this high, how does that affect other sectors of American
Speaker 1: spending power. Well, first, it's going to hit obviously, maybe
Speaker 1: the the the choice or the willingness to to drive.
Speaker 1: You know, you can start seeing some pullback on that
Speaker 1: and decisions on you know, do I need to go
Speaker 1: to the store, or maybe I can get an extra
Speaker 1: few things while I'm there to save myself the trip um.
Speaker 1: But of course there's like it's it's not just gasoline
Speaker 1: as well, it's it's all the under energy that are
Speaker 1: used for business by businesses um. So you can you
Speaker 1: can probably potentially see some pullback on business spending, on
Speaker 1: on on capital spending, perhaps just because energy bills are
Speaker 1: rising so quickly. I guess the question is going to
Speaker 1: be how long this can be sustained for? If this
Speaker 1: is going to be only another couple of weeks or whatever,
Speaker 1: And I don't know how the answer to that that
Speaker 1: would you know? Then then the longer term UM impact
Speaker 1: I think would be minimal, but for certainly on the
Speaker 1: short term, you know, even see a lot more choppiness
Speaker 1: in terms of decision making, in terms of spending as well.
Speaker 1: Do you think we're headed into stagflation in this country? Oh?
Speaker 1: That that lovely words? So I remember some people we're
Speaker 1: already talking about stagflation, but for for totally different reasons,
Speaker 1: and I definitely shrug that one off. Now. I think,
Speaker 1: you know, it's it's a little bit more humbling now,
Speaker 1: but I think it is a possibility, something that would
Speaker 1: certainly not dismiss. Maybe that is possible, I think for
Speaker 1: Europe for sure, um as a stronger possibility as it
Speaker 1: should say, But again the US is coming from stronger
Speaker 1: um basis of strength as well, so I think it
Speaker 1: is less likely but not unlikely, if I could be
Speaker 1: so vague, Okay, how does this all affect the FED
Speaker 1: and the path for interest rates? Does? Does the FED
Speaker 1: need to act right now? I think right now they
Speaker 1: still need to and and that first meeting is coming
Speaker 1: to surround the corners just next week, so we still
Speaker 1: continue to look for basis points next week and uh,
Speaker 1: that's your power. Last week was extremely clear. I don't
Speaker 1: think I've ever heard any central banker that clear. You know,
Speaker 1: when he was saying that you know that that he
Speaker 1: is going to be voting for a basis point rate hike,
Speaker 1: he said that he would not be adverse to fifty
Speaker 1: basis points at um at another meeting or meetings, And
Speaker 1: I thought it was interesting that you use the plural
Speaker 1: for meeting um. So I think that FED will continue
Speaker 1: to move forward again. Our base case scenario is still
Speaker 1: for five basis points. So I've moved this year, but
Speaker 1: I think they're going to move a lot more cautiously.
Speaker 1: It's not a guarantee for sure. They're going to keep
Speaker 1: watching the data, watching markets to see, you know, how
Speaker 1: how quickly they should and how firmly they should move ahead.
Speaker 1: But interesting thing is that, you know, if um inslation,
Speaker 1: you know, could potentially break put the brakes on on
Speaker 1: economic growth a little bit at least um that might
Speaker 1: actually do part of the job's defense job for it.
Speaker 1: Thank you as always, Jennifer. Good to have you with us.
Speaker 1: Jennifer Lee as senior economist at BEMO Capital Markets. Karen Hery,
Speaker 1: Nathan thank you at five fifty three on Wall Street.
Speaker 1: Time for our Bloomberg Law report. Let's get to the
Speaker 1: legal stories we're watching this morning from Bloomberg's Jeff Bellinger.
Speaker 1: In a decision that could affect thousands of defendants, the
Speaker 1: Supreme Court curbed mandatory minimum sentences and federal gun cases.
Speaker 1: The High Court sided with the defense, and a dispute
Speaker 1: over what it means to commit crimes on different occasions.
Speaker 1: The e p A will look into whether a silicone
Speaker 1: chemical used in toys, autocare, and laundry products should be
Speaker 1: restricted in some way because of potential risk. The City
Speaker 1: of Los Angeles is suing Monsanto, charging that the company
Speaker 1: is responsible for widespread contamination of waterways. Bloomberg Law everything
Speaker 1: you need, all on one legal research platform, including guidance
Speaker 1: analysis and Bloomberg market intelligence. Find out more at Bloomberg
Speaker 1: Law dot com. All right, Jeff, thank you. Now. Another
Speaker 1: legal story we're watching brings us to the Supreme Court.
Speaker 1: It's refused to reinstate Bill Cosby's conviction for sexual assault,
Speaker 1: rejecting an appeal by prosecutors in Pennsylvania without comment that
Speaker 1: justice is left intact, or ruling that the state renegged
Speaker 1: on an agreement not to prosecute Cosby. The eight four
Speaker 1: year old is released from prison last year after serving
Speaker 1: almost three years of a three to ten years sentence
Speaker 1: for more in the case. During Grosso speaks to Bloomberg News,
Speaker 1: Supreme Court reporter Great Store. What was the basis for
Speaker 1: the appeal to the Supreme Court. Well, the Pennsylvania's Supreme
Speaker 1: Court throughout Cosby's conviction and what the court said was
Speaker 1: back when the first district attorney to look at the
Speaker 1: case decided not to prosecute, he put out a press
Speaker 1: release and according to the Pennsylvania Supreme Court, made a
Speaker 1: promise that Cosby wouldn't be prosecuted. Then in a civil suit,
Speaker 1: Cousby relied on that decision, according to the Pennsylvania Supreme Court,
Speaker 1: and testified in that civil suit and incriminated himself. And
Speaker 1: then a different district attorney came along and said, I
Speaker 1: am going to prosecute and I'm going to use that
Speaker 1: civil testimony in the prosecution. So that's why the conviction
Speaker 1: was thrown out in the first place. And Pennsylvania prosecutors
Speaker 1: went to the U. S. Supreme Court saying that the
Speaker 1: Pennsylvania court had misunderstood the Fifth Amendment and the right
Speaker 1: against self incrimination, and that Cosby's reliance on this alleged
Speaker 1: promise was not reasonable. This is a very fact specific
Speaker 1: case based on the very odd facts here. So that's
Speaker 1: not the kind of case that the Supreme Court would
Speaker 1: normally take. Yeah, and that maybe why the Supreme Court
Speaker 1: that I not to take up the case. They may
Speaker 1: well have agreed with that assessment. From the standpoint of
Speaker 1: the prosecutors. They said, the legal question here was that
Speaker 1: the Pennsylvania Court did not require Bill Cosby to show
Speaker 1: that his reliance on the statements of the district attorney
Speaker 1: was reasonable, And they say that's a legal air. The
Speaker 1: courts should have required a showing that that caused me
Speaker 1: acted reasonably. But we don't know what was said by
Speaker 1: the district attorney to cause these lawyers beyond the press release.
Speaker 1: Certainly what caused these lawyers argue, what the Pennsylvania's Supreme
Speaker 1: Court found was that it wasn't just the press release
Speaker 1: that he was relying on. That there was evidence that
Speaker 1: there was indeed an agreement that he wouldn't be prosecuted.
Speaker 1: And the motivation they say for that agreement was that
Speaker 1: the district attorney has decided that it would be better
Speaker 1: to let the civil case go forward rather than hold
Speaker 1: the possibility of prosecution over Causby's head and thus keep
Speaker 1: them from being able to tell to fy in that
Speaker 1: civil case. And that's Bloomberg News Supreme Court reporter Greg
Speaker 1: Store speaking with June Grosso. Catch more of that interview,
Speaker 1: plus analysis of the latest legal news by listening to
Speaker 1: the Bloomberg Law Show at ten pm Eastern Time or
Speaker 1: subscribing to the Bloomberg Law Podcast. And attorneys can find
Speaker 1: exceptional legal research and business development tools at Bloomberg Law
Speaker 1: dot com. Again, Futures are on the rise this morning,
Speaker 1: with SNP future is up eighteen points down, futures up
Speaker 1: a hundred, nasday futures up thirty three, the ten year
Speaker 1: treasury down eighteen thirty seconds, the yield one point eight
Speaker 1: three percent, and the yield on the two year one
Speaker 1: point five nine per cent, and still ahead. On Bloomberg
Speaker 1: Day Break, a check on the business headlines and all
Speaker 1: the news you need to start your day. This is
Speaker 1: Bloomberg