1 00:00:02,800 --> 00:00:06,160 Speaker 1: By from the Bloomberg Interacted Burger Studios. Is this Bloomberg 2 00:00:06,240 --> 00:00:10,360 Speaker 1: Daybreak for Tuesday, February twenty second two. Coming up this hour, 3 00:00:10,640 --> 00:00:14,480 Speaker 1: markets react to the latest developments in Ukraine. US futures 4 00:00:14,480 --> 00:00:16,560 Speaker 1: and stocks are falling, but they're off. There are loads 5 00:00:16,600 --> 00:00:19,840 Speaker 1: of the morning Global Team coverage is straight ahead. Frasuri's 6 00:00:19,880 --> 00:00:24,400 Speaker 1: climb taking tenure yields below one, and oil rallies and 7 00:00:24,520 --> 00:00:27,240 Speaker 1: gold rises to an eight month high. New York City 8 00:00:27,280 --> 00:00:31,440 Speaker 1: subway safety plan begins. Plus British priminister divorce Johnson lifts 9 00:00:31,520 --> 00:00:35,479 Speaker 1: COVID mandates in the UK. I'm Michael Barr. More ahead up, 10 00:00:35,520 --> 00:00:37,840 Speaker 1: John Stanhown sports the nets and that of the veteran 11 00:00:37,880 --> 00:00:41,840 Speaker 1: point guarden Michigan basketball coach Jawan Howard got his suspension. 12 00:00:44,120 --> 00:00:48,680 Speaker 1: That's all straight ahead on Bloomberg Daybreak on Bloomberg Elemen Freo, 13 00:00:48,800 --> 00:00:54,120 Speaker 1: New York, Bloomberg Washington, d C, Bloomberg one oh six one, Boston, 14 00:00:54,280 --> 00:00:58,800 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 15 00:00:59,160 --> 00:01:01,960 Speaker 1: and around the world Old on Bloomberg Radio dot Com 16 00:01:02,000 --> 00:01:08,760 Speaker 1: and via The Bloomberg Business. Good morning. I'm Nathan Hagar, 17 00:01:09,120 --> 00:01:13,240 Speaker 1: and I'm Karen, Moscow and global stocks are following this morning. 18 00:01:13,240 --> 00:01:14,959 Speaker 1: We're coming up to six o one on Wall Street, 19 00:01:14,959 --> 00:01:17,000 Speaker 1: and we checked the markets every fifteen minutes throughout the 20 00:01:17,040 --> 00:01:20,840 Speaker 1: trading day. On Bloomberg and SMP futures are lower. They 21 00:01:20,880 --> 00:01:22,720 Speaker 1: are off the lows of the morning, but they are 22 00:01:22,800 --> 00:01:26,760 Speaker 1: down seven points right now down futures down seventy and 23 00:01:26,800 --> 00:01:30,160 Speaker 1: NOS day futures down the seventies seven and futures have 24 00:01:30,240 --> 00:01:32,880 Speaker 1: been bouncing around a lot ten year treasury up to 25 00:01:33,040 --> 00:01:36,480 Speaker 1: thirty seconds. The yield is one point nine one percent. 26 00:01:36,560 --> 00:01:39,520 Speaker 1: They yield on the two year one point five zero percent, 27 00:01:39,880 --> 00:01:42,759 Speaker 1: and Nimex screwed oil is up four point two percent. 28 00:01:43,040 --> 00:01:46,040 Speaker 1: Nathan Well, Karen. This market volatility comes following the latest 29 00:01:46,080 --> 00:01:49,480 Speaker 1: developments in Ukraine. Russia's actions are being condemned at an 30 00:01:49,480 --> 00:01:52,360 Speaker 1: emergency session of the U n. Security Council. At the 31 00:01:52,360 --> 00:01:55,680 Speaker 1: same time, Russia is accusing the West of inflaming the standoff. 32 00:01:55,880 --> 00:01:59,120 Speaker 1: Let's get the latest, Mamie Morris in our Bloomberg newsroom 33 00:01:59,120 --> 00:02:02,920 Speaker 1: in Washington. Russian President Vladimir Putin says he recognizes to 34 00:02:03,120 --> 00:02:07,840 Speaker 1: self proclaimed separatist republics in eastern Ukraine. A dramatic escalation 35 00:02:07,880 --> 00:02:10,799 Speaker 1: in russia standoff with the West. The decrees include in 36 00:02:10,960 --> 00:02:14,239 Speaker 1: order to send what he calls peacekeeping forces into those 37 00:02:14,240 --> 00:02:17,280 Speaker 1: breakaway regions, with no word on how many troops will 38 00:02:17,320 --> 00:02:20,440 Speaker 1: go in or When Russia's ambassador hit back at last 39 00:02:20,520 --> 00:02:22,799 Speaker 1: night's the UN Security Council meeting, we are forced to 40 00:02:22,840 --> 00:02:25,120 Speaker 1: note the extremely negative role played in all of this 41 00:02:25,320 --> 00:02:29,720 Speaker 1: by our Western colleagues, led by the USA. Instead of 42 00:02:29,919 --> 00:02:33,800 Speaker 1: forcing Kiev to implement its obligations, they have merely been 43 00:02:33,840 --> 00:02:38,480 Speaker 1: openly taking Ukraine on. Ukrainian President Vladimir Zelinsky urged calm 44 00:02:38,520 --> 00:02:41,119 Speaker 1: in a late night addressed to the nation. Hours later, 45 00:02:41,240 --> 00:02:44,280 Speaker 1: Ukraine's ambassador to the u N warned there will be 46 00:02:44,400 --> 00:02:48,600 Speaker 1: further invasion in Washington. I'm Amy Morris Bloomberg Daybreak, Amy, 47 00:02:48,680 --> 00:02:51,560 Speaker 1: thank you. UK Prime Minister Boris Johnson as among those 48 00:02:51,600 --> 00:02:55,000 Speaker 1: condemning the actions of Vladimir Putin. I think it's a 49 00:02:55,080 --> 00:02:59,120 Speaker 1: very ill omen and a very dark sign and it's 50 00:02:59,160 --> 00:03:04,359 Speaker 1: certainly an indication, yet another indication that things are moving 51 00:03:04,360 --> 00:03:07,919 Speaker 1: in the wrong direction in Ukraine. Prime Minister Boris Johnson 52 00:03:08,000 --> 00:03:11,080 Speaker 1: says there's evidence their president Poland plans of full scale 53 00:03:11,120 --> 00:03:14,639 Speaker 1: invasion and it's vital that he should not succeed. More. 54 00:03:14,680 --> 00:03:16,720 Speaker 1: Stocks in Europe are now mixed in response to the 55 00:03:16,760 --> 00:03:20,880 Speaker 1: situation in Ukraine. Let's continue our global team coverage. Bloomberg's 56 00:03:20,919 --> 00:03:24,200 Speaker 1: Max Ramsey joins us live from our London bureau. Good morning, Max, 57 00:03:24,800 --> 00:03:28,160 Speaker 1: Good morning Nathan and Karen. Something of a risk reversal 58 00:03:28,240 --> 00:03:31,440 Speaker 1: in the past hour as the geopolitics continues to feed 59 00:03:31,480 --> 00:03:34,800 Speaker 1: into a lot of volatility. We are fairly steady across 60 00:03:34,840 --> 00:03:37,160 Speaker 1: the European equities now. In a sign of how big 61 00:03:37,160 --> 00:03:38,840 Speaker 1: a change that is. We were looking at a loss 62 00:03:39,000 --> 00:03:41,640 Speaker 1: of around two percent earlier on the stock six hundred, 63 00:03:41,720 --> 00:03:44,040 Speaker 1: but right now trading up a tenth of a percent. 64 00:03:44,120 --> 00:03:46,360 Speaker 1: The foot see one games four tenths of a percent, 65 00:03:46,560 --> 00:03:50,720 Speaker 1: the docks in Germany flat. European bond yields reverse earlier 66 00:03:50,720 --> 00:03:53,880 Speaker 1: gains with a bit of risk appetite returning the tenure. 67 00:03:53,920 --> 00:03:56,400 Speaker 1: German bun yield rising one basis point north point to 68 00:03:57,640 --> 00:04:00,200 Speaker 1: the yield that it is a mixed picture still for 69 00:04:00,280 --> 00:04:03,640 Speaker 1: Russian assets with the possibility of sanctions, but definitely not 70 00:04:03,680 --> 00:04:06,520 Speaker 1: the pain we were seeing earlier on the benchmark Moex 71 00:04:06,520 --> 00:04:10,200 Speaker 1: stock index falling four percent right now the rouble though 72 00:04:10,360 --> 00:04:13,040 Speaker 1: actually gaining against the dollar, up eight tenths of eight 73 00:04:13,040 --> 00:04:17,440 Speaker 1: percent dollar Right now, Live in London, Max Ramsey, bloom 74 00:04:17,440 --> 00:04:21,000 Speaker 1: Bag Daybreak, Max, thank you. Stark sled in Asia overnight Bloomberg. 75 00:04:21,120 --> 00:04:24,599 Speaker 1: Juliet Sally continues our team coverage with the details from Singapore. 76 00:04:24,680 --> 00:04:27,840 Speaker 1: Good morning, Juliette, Good morning Karen. The MSCI Asia Pacific 77 00:04:27,839 --> 00:04:30,320 Speaker 1: Index fell for a third day towards its lowest level 78 00:04:30,360 --> 00:04:33,480 Speaker 1: this month, including sharp declines in Hong Kong, where Russia 79 00:04:33,520 --> 00:04:37,120 Speaker 1: based aluminum producer Russel sank the most since twenty eighteen. 80 00:04:37,640 --> 00:04:40,760 Speaker 1: Chinese tech firms dropped the Hang Sang Tech Index, heading 81 00:04:40,800 --> 00:04:43,240 Speaker 1: for the lowest clothes since the inception of that gauge 82 00:04:43,240 --> 00:04:46,520 Speaker 1: in twenty twenty. Ali Baba leading declins there following a 83 00:04:46,560 --> 00:04:49,640 Speaker 1: Bloomberg report that authorities have begun another round of checks 84 00:04:49,640 --> 00:04:53,200 Speaker 1: on its fintech business. Arm Gold stocks were bid this 85 00:04:53,360 --> 00:04:56,400 Speaker 1: amongst the search for havens and yields on benchmark Japanese 86 00:04:56,440 --> 00:05:00,560 Speaker 1: and Australian debt film in Singapore. Juliet Sally, Bloomberg Daybreak, 87 00:05:00,720 --> 00:05:03,080 Speaker 1: Juliet thank you. The equity sell off will steep and 88 00:05:03,160 --> 00:05:06,760 Speaker 1: if the situation in Ukraine worsens. That's according to Goldman Sachs, 89 00:05:06,800 --> 00:05:10,360 Speaker 1: which says outride conflict in Ukraine coupled with punitive sanctions, 90 00:05:10,560 --> 00:05:14,080 Speaker 1: could push US stocks down another six percent from Friday's close. 91 00:05:14,360 --> 00:05:17,160 Speaker 1: The bank predicts the worst equity losses in Europe in Japan. 92 00:05:17,480 --> 00:05:20,040 Speaker 1: Goldman says, in a worst case scenario, a ten percent 93 00:05:20,120 --> 00:05:23,400 Speaker 1: decline in Russia's currency would push oil up thirteen percent 94 00:05:23,680 --> 00:05:26,400 Speaker 1: and cause a twenty seven basis point decline in benchmark 95 00:05:26,440 --> 00:05:30,560 Speaker 1: treasury yields. And speaking of treasuries, Nathan elongated yields are 96 00:05:30,640 --> 00:05:33,160 Speaker 1: a little change now this morning. Geo politics are the 97 00:05:33,200 --> 00:05:36,359 Speaker 1: latest catalyst, but the Fed and commodity prices are also 98 00:05:36,440 --> 00:05:39,880 Speaker 1: playing a role, and we get more from Bloomberg's Joanna Hossinger. 99 00:05:40,279 --> 00:05:42,520 Speaker 1: Right now, we really have had this drop back in 100 00:05:42,760 --> 00:05:44,599 Speaker 1: treasury yields, but a lot of that is on the 101 00:05:44,640 --> 00:05:46,760 Speaker 1: idea it could stop the Fed from hiking as much, 102 00:05:47,080 --> 00:05:49,200 Speaker 1: um you have haven demand that sort of thing, But 103 00:05:49,520 --> 00:05:53,880 Speaker 1: then you do have the commodity prices potentially seeing sustained increases. 104 00:05:54,240 --> 00:05:56,120 Speaker 1: If so, a lot of the question then would be 105 00:05:56,160 --> 00:05:58,679 Speaker 1: can the global economy handle it will really start to bite. 106 00:05:58,760 --> 00:06:01,640 Speaker 1: So if you start to get the inflation in addition 107 00:06:01,680 --> 00:06:04,120 Speaker 1: to everything else, it could be trouble, but for now, 108 00:06:04,160 --> 00:06:07,040 Speaker 1: the markets are saying that treasury yields need to go lower. 109 00:06:07,320 --> 00:06:10,440 Speaker 1: Bloom Burger went Auston Juror sees a risk off sentiment 110 00:06:10,440 --> 00:06:13,120 Speaker 1: across the board this morning. Right now, ten year treasury 111 00:06:13,200 --> 00:06:16,400 Speaker 1: yields here at one point nine two percent. Well, oil, nickel, 112 00:06:16,440 --> 00:06:18,800 Speaker 1: and aluminum have been jumping, Karen is trader's way the 113 00:06:18,839 --> 00:06:22,320 Speaker 1: risk of supply disruptions from potential sanctions against Russia. European 114 00:06:22,360 --> 00:06:25,240 Speaker 1: gas prices have surged more than ten percent. Checking well 115 00:06:25,360 --> 00:06:27,839 Speaker 1: right now, Brent crude's up two and three quarters percent 116 00:06:27,839 --> 00:06:30,599 Speaker 1: at ninety eight dollars two cents of barrel. Nimex crude 117 00:06:30,640 --> 00:06:34,000 Speaker 1: is up four point two percent at ninety nine. Gold 118 00:06:34,080 --> 00:06:36,279 Speaker 1: is trading get an eight month high this morning. Checking 119 00:06:36,279 --> 00:06:40,680 Speaker 1: Gold on the comics, it's an eight announce Interest rates 120 00:06:40,720 --> 00:06:43,320 Speaker 1: are also on the radar this morning. Nathan Fed Governor 121 00:06:43,360 --> 00:06:46,400 Speaker 1: Michelle Bowman suggests that a fifty basis point rate high 122 00:06:46,440 --> 00:06:48,839 Speaker 1: could be on the table next month. She told the 123 00:06:48,839 --> 00:06:51,719 Speaker 1: conference in California, it's too early to tell. Bowman says 124 00:06:51,760 --> 00:06:55,440 Speaker 1: she favors quote forceful action to quell high inflation. Turning 125 00:06:55,440 --> 00:06:57,960 Speaker 1: to the pandemic now, Karen Hong Kong continues to battle 126 00:06:58,040 --> 00:07:01,520 Speaker 1: rising COVID infections that has the city extending pandemic restrictions 127 00:07:01,520 --> 00:07:04,839 Speaker 1: another two months. Chief Executive Carrie Lamb says virus curbs 128 00:07:04,839 --> 00:07:07,760 Speaker 1: will be extended till late April. And we're watching shares 129 00:07:07,800 --> 00:07:10,640 Speaker 1: of Home Depot reported it just reported earnings shares are 130 00:07:10,720 --> 00:07:12,960 Speaker 1: up nine tenths of up presented early trading. And it 131 00:07:13,000 --> 00:07:15,520 Speaker 1: reported fourth quarter comp sales that easily beat out of 132 00:07:15,560 --> 00:07:18,520 Speaker 1: lists estimates up eight point one per cent. And this 133 00:07:18,840 --> 00:07:24,640 Speaker 1: is Bloomberg. Thanks Karen six o seven on Wall Street. 134 00:07:24,640 --> 00:07:26,000 Speaker 1: Time to bring in Michael Barr for a look at 135 00:07:26,040 --> 00:07:27,600 Speaker 1: what's going on in New York and around the world. 136 00:07:27,680 --> 00:07:30,240 Speaker 1: Good morning Michael, Good morning Nathan. New York City has 137 00:07:30,280 --> 00:07:34,000 Speaker 1: started its latest plan to tackle both crime and homelessness 138 00:07:34,000 --> 00:07:37,240 Speaker 1: in subways. There were more than a half dozen attacks 139 00:07:37,240 --> 00:07:40,680 Speaker 1: and trains and stations over the holiday weekend. Mayor Eric 140 00:07:40,720 --> 00:07:44,520 Speaker 1: Adams says the new subway safety plan involves sending more police, 141 00:07:44,560 --> 00:07:49,320 Speaker 1: mental health clinicians, and social service outreach workers into the subways. 142 00:07:49,520 --> 00:07:51,880 Speaker 1: Police will crack down on sleeping and smoking in the 143 00:07:51,920 --> 00:07:56,880 Speaker 1: subway system. However, some advocates are cautioning against criminalizing homelessness 144 00:07:56,920 --> 00:08:00,920 Speaker 1: and mental illness. Britain is lifting many of it COVID restrictions, 145 00:08:00,920 --> 00:08:05,640 Speaker 1: including requirements for self isolation, following a positive test. UK 146 00:08:05,720 --> 00:08:09,000 Speaker 1: Prime Minister Boris Johnson we have now passed the peak 147 00:08:09,480 --> 00:08:14,120 Speaker 1: of the omicron way, with cases falling, hospitalizations in England 148 00:08:14,200 --> 00:08:17,800 Speaker 1: night fewer than ten thousand and still falling, and the 149 00:08:17,840 --> 00:08:22,960 Speaker 1: link between infection and severe disease substantially weakened. Johnson said 150 00:08:22,960 --> 00:08:26,280 Speaker 1: the UK must learn to live with the coronavirus. Meanwhile, 151 00:08:26,360 --> 00:08:30,560 Speaker 1: scientific advisors are warning infections will rise. Canadian Prime Minister 152 00:08:30,680 --> 00:08:34,600 Speaker 1: Justin Trudeau said his government will retain emergency powers for 153 00:08:34,640 --> 00:08:37,959 Speaker 1: at least a few more days because of ongoing demonstration 154 00:08:38,040 --> 00:08:41,800 Speaker 1: threats over vaccine mandates. It comes even after police cleared 155 00:08:41,840 --> 00:08:45,079 Speaker 1: all blockades across the country. Meanwhile, a group of US 156 00:08:45,160 --> 00:08:49,800 Speaker 1: truckers is copying Canadian protesters in Ottawa, and organizers says 157 00:08:49,800 --> 00:08:54,120 Speaker 1: a convoy departs Scranton, Pennsylvania tomorrow, then they'll head to Washington, 158 00:08:54,200 --> 00:08:56,680 Speaker 1: d C. An attempt to paralyze traffic on the Beltway. 159 00:08:57,040 --> 00:09:01,160 Speaker 1: The group says it's protesting liberal government policy. The federal 160 00:09:01,200 --> 00:09:03,599 Speaker 1: hate crimes trial of three white men who chased and 161 00:09:03,679 --> 00:09:06,200 Speaker 1: killed a Mount Aubrey is in the hands of the jury. 162 00:09:06,480 --> 00:09:09,360 Speaker 1: Deliberations in the Georgia case are scheduled to resume this 163 00:09:09,400 --> 00:09:12,920 Speaker 1: morning in U S District Court. All three defendants were 164 00:09:12,960 --> 00:09:16,160 Speaker 1: already convicted of murdered months ago for chasing and killing 165 00:09:16,200 --> 00:09:18,719 Speaker 1: the twenty five year old black man. Now each could 166 00:09:18,840 --> 00:09:22,120 Speaker 1: get another life sentence for hate crimes charges. The jury 167 00:09:22,200 --> 00:09:25,559 Speaker 1: was presented with testimony by witnesses of racist statements the 168 00:09:25,640 --> 00:09:29,200 Speaker 1: men had allegedly made a Mount Aubrey's mother, Wanda Cooper Jones, 169 00:09:29,559 --> 00:09:31,679 Speaker 1: I knew from the very start that they were racist. 170 00:09:33,920 --> 00:09:38,240 Speaker 1: It's not suppose father and son, Greg and Travis McMichael 171 00:09:38,320 --> 00:09:41,240 Speaker 1: and their neighbor William Bryan chased Aubrey after spotting him 172 00:09:41,280 --> 00:09:44,400 Speaker 1: running in their neighborhood two years ago. Global News twenty 173 00:09:44,400 --> 00:09:47,320 Speaker 1: four hours a day on air and on Bloomberg Quicktake, 174 00:09:47,559 --> 00:09:50,839 Speaker 1: powered by more than twenty seven hundred journalists and analysts 175 00:09:50,840 --> 00:09:53,200 Speaker 1: in more than a hundred twenty countries. I'm Michael Barr, 176 00:09:53,240 --> 00:10:00,880 Speaker 1: and this is Bloomberg. Nathan. Thanks Michael almost six cent 177 00:10:00,920 --> 00:10:02,920 Speaker 1: on all street time for the Bloomberg Sports Update. Here 178 00:10:02,920 --> 00:10:05,080 Speaker 1: shun station at day if they When the nets returned 179 00:10:05,080 --> 00:10:06,800 Speaker 1: to the All Star Break, they'll have a new point guard, 180 00:10:06,880 --> 00:10:09,800 Speaker 1: thirty five year old gore On Drogic. Fifteen year Vetteran 181 00:10:09,840 --> 00:10:12,120 Speaker 1: helped Miami reached the NBA Finals a couple of years ago. 182 00:10:12,120 --> 00:10:14,880 Speaker 1: Started this season with Toronto, went to Oklahoma City, where 183 00:10:14,880 --> 00:10:18,120 Speaker 1: he asked for and got his release. The Lakers, Warriors, 184 00:10:18,160 --> 00:10:21,439 Speaker 1: Bucks were all said to be also interested in adding Progic. 185 00:10:21,480 --> 00:10:23,360 Speaker 1: By now, many have seen the video of what happened 186 00:10:23,360 --> 00:10:26,640 Speaker 1: in the handshake line after Michigan's lost Sunday at Wisconsin, 187 00:10:26,760 --> 00:10:30,320 Speaker 1: Michigan coach Jawan Howard, upset about a late time out call. 188 00:10:30,400 --> 00:10:32,880 Speaker 1: With the game decided, he slapped the head of a 189 00:10:32,920 --> 00:10:36,880 Speaker 1: Wisconsin assistant. Howard's been suspended for five games. Most felt 190 00:10:36,880 --> 00:10:38,959 Speaker 1: that was the minimum he'd get and could have gotten more. 191 00:10:39,000 --> 00:10:42,080 Speaker 1: He'll return to the Big Ten tournaments. Syracuse last night 192 00:10:42,120 --> 00:10:45,160 Speaker 1: at one point overtime win over Georgia Tech, there was 193 00:10:45,200 --> 00:10:47,520 Speaker 1: some optimism yesterday with words of the two sides the 194 00:10:47,520 --> 00:10:50,679 Speaker 1: baseball lockout had been meeting for five hours, but when 195 00:10:50,679 --> 00:10:53,040 Speaker 1: it ended, the word was they didn't really get into 196 00:10:53,080 --> 00:10:55,600 Speaker 1: the key issues in the stalemate, that deadline for getting 197 00:10:55,600 --> 00:10:57,959 Speaker 1: a labor deal done and being able to keep opening 198 00:10:58,040 --> 00:11:01,000 Speaker 1: dayas planned. It's gonna be sometime next week. Nine and 199 00:11:01,000 --> 00:11:03,920 Speaker 1: a half months after Medinas Spirit crossed the finish line 200 00:11:03,920 --> 00:11:06,800 Speaker 1: first at the Kentucky Derby. The horse who died two 201 00:11:06,840 --> 00:11:10,400 Speaker 1: months ago has had that victory strict Its tested positive 202 00:11:10,440 --> 00:11:13,439 Speaker 1: for steroid that is legal accept on race day. So 203 00:11:13,600 --> 00:11:16,280 Speaker 1: Manda Loun goes into the book says the winner only 204 00:11:16,320 --> 00:11:19,040 Speaker 1: the second time and a hundred and forty six runs 205 00:11:19,040 --> 00:11:21,640 Speaker 1: for the Roses where the winning horse was deep cute 206 00:11:21,840 --> 00:11:24,400 Speaker 1: because of the band substance. If you bet on mand 207 00:11:24,400 --> 00:11:27,080 Speaker 1: Along to win, still have your ticket, You're still out 208 00:11:27,080 --> 00:11:30,960 Speaker 1: of love to betting doesn't change. John Stash, Bloomberg Sports, 209 00:11:31,080 --> 00:11:33,360 Speaker 1: All right, John, thank you. Right now, SMP features are 210 00:11:33,400 --> 00:11:36,840 Speaker 1: down ten points down, futures down eighty three, NASDAC futures 211 00:11:36,880 --> 00:11:41,280 Speaker 1: down eighty nine points. Investors continued away. The latest risk 212 00:11:41,440 --> 00:11:45,680 Speaker 1: involving Ukraine headline just crossed the Bloomberg terminal moments ago. 213 00:11:45,800 --> 00:11:49,560 Speaker 1: German Chancellor all Off Schultz says nord Stream too can't 214 00:11:49,559 --> 00:11:54,239 Speaker 1: move forward right now, following Russia's recognition of the separatist 215 00:11:54,280 --> 00:11:57,160 Speaker 1: republics to its the east of Ukraine. Right now, the 216 00:11:57,200 --> 00:11:59,840 Speaker 1: tenure treasury is up one thirty second, the yield one 217 00:11:59,360 --> 00:12:02,560 Speaker 1: point nine percent. Julie Norman of University College London with 218 00:12:02,679 --> 00:12:08,520 Speaker 1: us Next. This is Bloomberg Bloomberg eleven three oh weather. 219 00:12:08,640 --> 00:12:10,920 Speaker 1: Afternoon rain with a high in the low fifties today, 220 00:12:11,000 --> 00:12:14,360 Speaker 1: mid sixties for highs Tomorrow partly sunny. It'll be cloudy 221 00:12:14,400 --> 00:12:16,560 Speaker 1: and cold on Thursday with high in the upper thirties. 222 00:12:16,640 --> 00:12:23,440 Speaker 1: Right now thirty nine in Central Park Markets. Headlines and 223 00:12:23,559 --> 00:12:26,800 Speaker 1: breaking news twenty four hours a day at Bloomberg dot com. 224 00:12:26,960 --> 00:12:30,559 Speaker 1: The Bloomberg Business at and at Bloomberg tricktape is a 225 00:12:30,600 --> 00:12:40,559 Speaker 1: Bloomberg Business flash. And I'm Cameron Moscow. Watching shares of 226 00:12:40,679 --> 00:12:43,439 Speaker 1: Home Depot after it said comparable store of sales, a 227 00:12:43,520 --> 00:12:46,599 Speaker 1: key metric for retailers, increased eight point one percent in 228 00:12:46,679 --> 00:12:50,560 Speaker 1: the fourth quarter and that usually beat analysts estimates. Shares 229 00:12:50,640 --> 00:12:53,840 Speaker 1: are up one point to per cent. We're also watching 230 00:12:53,880 --> 00:12:57,920 Speaker 1: shares of Holton Mifflin. They're up more than fourteen percent. 231 00:12:58,160 --> 00:13:02,160 Speaker 1: It's being bought by Verita Capital for twenty one dollars 232 00:13:02,160 --> 00:13:05,640 Speaker 1: a share in cash. Meanwhile, S and P futures are 233 00:13:05,720 --> 00:13:09,440 Speaker 1: lower this morning, down eight points down, futures down seventy three. 234 00:13:09,520 --> 00:13:12,760 Speaker 1: NASDAG futures down seventy eight. They're off their loans of 235 00:13:12,800 --> 00:13:15,520 Speaker 1: the morning. The decks in Germany is it will changed 236 00:13:15,600 --> 00:13:18,040 Speaker 1: in your treasury up one thirty second yet one point 237 00:13:18,120 --> 00:13:20,800 Speaker 1: nine two percent. The yield on the two year one 238 00:13:20,840 --> 00:13:24,000 Speaker 1: point five zero percent. Night Max screwed oil is up 239 00:13:24,040 --> 00:13:26,480 Speaker 1: four percent of three dollars sixty one cents and ninety 240 00:13:26,480 --> 00:13:29,040 Speaker 1: four dollars sixty eight cents of barrel comic school this 241 00:13:29,160 --> 00:13:32,240 Speaker 1: it'll changed at one thousand, eight hundred ninety eight dollars announced, 242 00:13:32,520 --> 00:13:35,200 Speaker 1: the Euro one point one three five six against the dollar, 243 00:13:35,240 --> 00:13:38,040 Speaker 1: British pound one point three five seven three, the ends 244 00:13:38,040 --> 00:13:41,120 Speaker 1: at one four teen point nine to two, and Bitcoin 245 00:13:41,240 --> 00:13:44,160 Speaker 1: this morning moving higher at thirty seven thousand, six hundred 246 00:13:44,160 --> 00:13:47,320 Speaker 1: thirty dollars. That's a bloomberg business flash. Now here's Michael 247 00:13:47,320 --> 00:13:49,680 Speaker 1: bar with Moore on what's going on around the world. 248 00:13:49,840 --> 00:13:52,839 Speaker 1: Michael Karen, thank you very much. World leaders are lining 249 00:13:52,880 --> 00:13:55,600 Speaker 1: up to condemn Russian President and Vladimir Putin after he 250 00:13:55,760 --> 00:14:00,280 Speaker 1: ordered his forces into separatist regions of eastern Ukraine. Global 251 00:14:00,320 --> 00:14:03,199 Speaker 1: reaction followed last night's emergency meeting of the u N 252 00:14:03,240 --> 00:14:07,840 Speaker 1: Security Council. Russia meanwhile called the forces peacekeeping troops in 253 00:14:07,880 --> 00:14:11,840 Speaker 1: college basketball, Michigan coach Juwan Howard has been suspended the 254 00:14:11,840 --> 00:14:14,880 Speaker 1: final five games of the regular season and find forty 255 00:14:14,960 --> 00:14:18,040 Speaker 1: thousand dollars for hitting a Wisconsin assistant in the head 256 00:14:18,360 --> 00:14:21,480 Speaker 1: during a postgame melee. In the NHL, the Bruins won 257 00:14:21,760 --> 00:14:24,320 Speaker 1: Global news twenty four hours a day on air and 258 00:14:24,520 --> 00:14:27,600 Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven 259 00:14:27,680 --> 00:14:30,880 Speaker 1: under journalists and analysts more than under twenty countries. I'm 260 00:14:30,920 --> 00:14:33,840 Speaker 1: Michael Barr, and this is Bloomberg. Nathan, Hi, Michael. Thanks 261 00:14:33,840 --> 00:14:36,440 Speaker 1: six nineteen on Wall Street Live from the Bloomberg Intractive 262 00:14:36,440 --> 00:14:39,320 Speaker 1: Broker Studios. This is Bloomberg Daybreak and Julie Norman is 263 00:14:39,360 --> 00:14:42,040 Speaker 1: with us now lecture on Politics and International Relations and 264 00:14:42,080 --> 00:14:46,280 Speaker 1: professor at University College London. As we continue watching headlines 265 00:14:46,400 --> 00:14:49,720 Speaker 1: cross surrounding the situation in Ukraine, Professor wanted to take 266 00:14:49,720 --> 00:14:51,880 Speaker 1: a bit of a step back here and just get 267 00:14:51,920 --> 00:14:55,640 Speaker 1: your thoughts on the significance of this declaration from President 268 00:14:55,640 --> 00:15:00,560 Speaker 1: Putin last night recognizing the separatist regions in eastern Ukraine. 269 00:15:00,600 --> 00:15:05,360 Speaker 1: What does this represent on a historical level? Well, Nathan, 270 00:15:05,440 --> 00:15:08,160 Speaker 1: it is quite significant and we are three things from 271 00:15:08,200 --> 00:15:11,160 Speaker 1: Frutin yesterday, oh, which were quite notable. First was his 272 00:15:11,360 --> 00:15:15,880 Speaker 1: hour long speech essentially trying to sell the sense of 273 00:15:15,960 --> 00:15:19,880 Speaker 1: this incursion to the Russian people and kind of laying 274 00:15:19,880 --> 00:15:23,360 Speaker 1: out all different kinds of grievances from from the kind 275 00:15:23,360 --> 00:15:26,800 Speaker 1: of personal standpoint as well as from russianmore broadly. Secondly, 276 00:15:26,840 --> 00:15:30,520 Speaker 1: we've been recognizing the breakaway regions in the eastern part 277 00:15:30,560 --> 00:15:33,760 Speaker 1: of Ukraine and the dawn Bots. These regions have been 278 00:15:33,880 --> 00:15:39,040 Speaker 1: in conflict since fourteen, since the crimea time period as well. 279 00:15:39,840 --> 00:15:42,880 Speaker 1: Uh as we know, there was a very um kind 280 00:15:42,920 --> 00:15:46,440 Speaker 1: of tenuous peace agreement put in place, the Minsk Agreements 281 00:15:46,600 --> 00:15:49,600 Speaker 1: that there were singles from both sides they felt it 282 00:15:49,640 --> 00:15:54,120 Speaker 1: with not being upheld. Um. That area has been in 283 00:15:54,240 --> 00:15:57,520 Speaker 1: kind of low intensity conflict since then, and last week 284 00:15:57,680 --> 00:15:59,920 Speaker 1: there were signs that that was escalating, and it was 285 00:16:00,360 --> 00:16:01,960 Speaker 1: I think it was not as surprised that that era 286 00:16:02,080 --> 00:16:06,000 Speaker 1: would be used as a pretext for invasion. Recognizing those 287 00:16:06,040 --> 00:16:09,280 Speaker 1: regions though, types that even a step further. Um it 288 00:16:09,880 --> 00:16:14,680 Speaker 1: allows Russia to essentially start sending in their troops, which 289 00:16:14,720 --> 00:16:17,760 Speaker 1: is what Biden, which is which is exactly what Putin 290 00:16:17,840 --> 00:16:20,080 Speaker 1: said he would do. And so we're starting to see 291 00:16:20,080 --> 00:16:23,360 Speaker 1: that movement there. Um. Again, this has been widely condemned 292 00:16:23,560 --> 00:16:28,200 Speaker 1: as a violation of UH international law, violating ukraine sovereignty 293 00:16:28,200 --> 00:16:32,160 Speaker 1: and territorial integrity. Um. But it does change the states 294 00:16:32,200 --> 00:16:36,160 Speaker 1: they're significantly. I guess the question now is does Russia 295 00:16:36,280 --> 00:16:39,920 Speaker 1: stop there with the recognition of those two republics, Given 296 00:16:39,920 --> 00:16:43,680 Speaker 1: what the president had to say last night in his speech, 297 00:16:43,760 --> 00:16:48,920 Speaker 1: does he have his sights on Ukraine more broadly? Well, 298 00:16:49,040 --> 00:16:53,040 Speaker 1: that is the question now, Nathan, is if this act 299 00:16:53,200 --> 00:16:58,400 Speaker 1: yesterday will be almost a very significant but almost a 300 00:16:58,480 --> 00:17:02,200 Speaker 1: face saving way for Utin to make this very grand 301 00:17:02,480 --> 00:17:05,399 Speaker 1: move but then pull back from a kind of larger 302 00:17:05,400 --> 00:17:08,479 Speaker 1: scale invasion into the rest of Ukraine, or if this 303 00:17:08,560 --> 00:17:11,439 Speaker 1: is just a starting point into something larger. Again it 304 00:17:11,480 --> 00:17:14,760 Speaker 1: allows him to move troops UH just that much closer 305 00:17:14,800 --> 00:17:17,920 Speaker 1: into the heart of Ukraine. Um. And again we still 306 00:17:17,960 --> 00:17:21,080 Speaker 1: see that massing of troops on other parts of Ukraine's borders, 307 00:17:21,080 --> 00:17:23,760 Speaker 1: which are closer to take Kavan further away from these 308 00:17:23,920 --> 00:17:27,720 Speaker 1: from these regions. So that is the I guess, the 309 00:17:27,840 --> 00:17:30,919 Speaker 1: larger threat that is still outstanding. While also trying to 310 00:17:31,600 --> 00:17:34,959 Speaker 1: limit the impact of what is a or to significant 311 00:17:35,400 --> 00:17:38,479 Speaker 1: incursion in these eastern areas What are you looking for 312 00:17:38,560 --> 00:17:41,000 Speaker 1: next in terms of a response from the US and 313 00:17:41,119 --> 00:17:44,600 Speaker 1: European allies. Uh, it looks like there's a lot of 314 00:17:44,680 --> 00:17:48,520 Speaker 1: question as to whether, at least for the allies, what 315 00:17:48,680 --> 00:17:52,520 Speaker 1: Russia has done now constitutes an invasion of Ukraine. What 316 00:17:52,600 --> 00:17:55,840 Speaker 1: are you looking for in terms of a response. Yeah, 317 00:17:55,880 --> 00:17:58,880 Speaker 1: So the UN Security Council held an emergency meeting last 318 00:17:58,960 --> 00:18:01,840 Speaker 1: night where we heard numerous states kind of condemned this action. 319 00:18:02,320 --> 00:18:05,919 Speaker 1: But the real indications will come today with the extent 320 00:18:06,000 --> 00:18:10,159 Speaker 1: to which the US and other Native states employee sanctions 321 00:18:10,240 --> 00:18:13,520 Speaker 1: against Russia. Um. We've already heard that there will be 322 00:18:13,600 --> 00:18:16,480 Speaker 1: sanctions in terms of US sanctioning investment in trade in 323 00:18:16,520 --> 00:18:20,000 Speaker 1: those breakaway regions. But the question is whether those larger 324 00:18:20,040 --> 00:18:22,919 Speaker 1: sanctions against Russia will be triggered by this act. Again, 325 00:18:23,280 --> 00:18:27,840 Speaker 1: the fact that um Putin took this more smaller scale invasion, Uh, 326 00:18:28,040 --> 00:18:30,800 Speaker 1: you know, it's a very uh savvy move on his 327 00:18:30,920 --> 00:18:32,639 Speaker 1: part in the sense that it kind of throws the 328 00:18:32,680 --> 00:18:35,600 Speaker 1: West into a sense of uncertainty about how serious that 329 00:18:35,800 --> 00:18:37,920 Speaker 1: is and if it will trigger all the large scale 330 00:18:37,960 --> 00:18:41,000 Speaker 1: sanctions that have been discussed. UM. I expect that will 331 00:18:41,040 --> 00:18:44,080 Speaker 1: see the US and also the UK. UH kind of 332 00:18:44,119 --> 00:18:46,879 Speaker 1: target some companies and individuals in Russia. Um, but it 333 00:18:46,920 --> 00:18:50,000 Speaker 1: will be, it will be probably. Uh. We'll be interesting 334 00:18:50,040 --> 00:18:52,119 Speaker 1: to see today how far they move on some of 335 00:18:52,119 --> 00:18:55,360 Speaker 1: those larger, harder hitting sanctions in terms of cutting off 336 00:18:55,760 --> 00:18:59,080 Speaker 1: Russian banks and companies from pounds and dollars. Uh. So 337 00:18:59,680 --> 00:19:01,919 Speaker 1: I think they will probably take a more augmented approach 338 00:19:01,960 --> 00:19:03,760 Speaker 1: to the sanctions. But that's will be waiting to hear 339 00:19:03,800 --> 00:19:07,040 Speaker 1: about today. Yeah, lots more development to come, for sure. 340 00:19:07,280 --> 00:19:11,320 Speaker 1: Julie Norman, Professor at University College London. As always, thank 341 00:19:11,359 --> 00:19:13,920 Speaker 1: you for giving us your thoughts as we continue to 342 00:19:13,960 --> 00:19:16,440 Speaker 1: watch these developments un full. Julie Norman is a lecture 343 00:19:16,480 --> 00:19:21,320 Speaker 1: on politics and International Relations at University College London. Future 344 00:19:21,359 --> 00:19:23,960 Speaker 1: is moving lower, but pairing some of the earlier losses 345 00:19:23,960 --> 00:19:27,200 Speaker 1: on the session. SMP futures down down almost eight points, 346 00:19:27,200 --> 00:19:30,840 Speaker 1: STAWF futures are lower by sixty one, NASTAC futures are 347 00:19:31,000 --> 00:19:35,160 Speaker 1: down eighty points. Uh. European stocks have taken a turn 348 00:19:35,320 --> 00:19:37,280 Speaker 1: just a bit higher. The DECKS in Germany is up 349 00:19:37,280 --> 00:19:40,120 Speaker 1: a tenth percent, the CATC in Paris higher by four 350 00:19:40,160 --> 00:19:43,000 Speaker 1: tenths of one percent. The tenure little change now. The 351 00:19:43,080 --> 00:19:46,080 Speaker 1: yield one point nine percent on the tenure note, yield 352 00:19:46,080 --> 00:19:49,320 Speaker 1: on the two year one point five one percent. Nimex 353 00:19:49,359 --> 00:19:52,479 Speaker 1: scrudes up four point one percent of three dollars seventy 354 00:19:52,480 --> 00:19:55,480 Speaker 1: six cents ninety four dollars eighty three cents of barrel 355 00:19:55,800 --> 00:19:58,919 Speaker 1: just ahead. More on the West, condemnations of Russia's moves, 356 00:19:59,119 --> 00:20:01,040 Speaker 1: and another feed of to show opens the door to 357 00:20:01,160 --> 00:20:08,600 Speaker 1: aggressive rate hikes. This is Bloomberg Bloomberg eleven three oh 358 00:20:08,600 --> 00:20:11,720 Speaker 1: weather afternoon rain of breeze today, highs in the low fifties, 359 00:20:11,760 --> 00:20:15,600 Speaker 1: mid sixties tomorrow under a partly sunny sky, cloudy cold 360 00:20:15,680 --> 00:20:18,040 Speaker 1: for Thursday, with HIGs only in the upper thirties. Right 361 00:20:18,040 --> 00:20:23,760 Speaker 1: now thirty nine in Central Park, broadcasting live from the 362 00:20:23,880 --> 00:20:27,879 Speaker 1: Bloomberg Interactive Broker's studio in New York. Bloomberg E Living 363 00:20:27,880 --> 00:20:32,280 Speaker 1: Freedom to Washington, d C, Bloomberg On to Boston, Bloomberg 364 00:20:32,320 --> 00:20:35,679 Speaker 1: one O six one, to San Francisco, Bloomberg sixt to 365 00:20:35,720 --> 00:20:38,960 Speaker 1: the Country, Sirius XM Chado one nineteen and around the 366 00:20:38,960 --> 00:20:42,800 Speaker 1: globe to Bloomberg Business app and Bloomberg Radio dot Com. 367 00:20:42,840 --> 00:20:51,960 Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning, 368 00:20:52,000 --> 00:20:55,159 Speaker 1: I'm Nathan Hagar and I'm Karen Moscow. We're just about 369 00:20:55,200 --> 00:20:58,160 Speaker 1: three hours away from the open of US trading time 370 00:20:58,200 --> 00:21:00,800 Speaker 1: for the five things you need to notice start your day. 371 00:21:01,080 --> 00:21:04,479 Speaker 1: Brought to you by Interactive Brokers and Directive Brokers Charges 372 00:21:04,520 --> 00:21:07,679 Speaker 1: margin load rates from zero point seven five percent to 373 00:21:07,760 --> 00:21:10,360 Speaker 1: one point five eight percent rate subject to change. Learn 374 00:21:10,440 --> 00:21:14,119 Speaker 1: more at ibk r dot com. Slash compare up first. 375 00:21:14,240 --> 00:21:16,639 Speaker 1: U S futures are lower but off their worst levels 376 00:21:16,680 --> 00:21:20,120 Speaker 1: of the morning as tensions between Russia and the West intensify. 377 00:21:20,320 --> 00:21:23,479 Speaker 1: The UN Security Council at an emergency meeting after Russia 378 00:21:23,480 --> 00:21:27,840 Speaker 1: decided to move troops into separatist regions of Ukraine, Bloomberg said, 379 00:21:27,840 --> 00:21:30,840 Speaker 1: Baxter has the very latest. The UN has demanded a 380 00:21:30,840 --> 00:21:34,159 Speaker 1: cessation of aggression, and US Ambassador of the U n 381 00:21:34,280 --> 00:21:38,200 Speaker 1: Lynda Thomas Greenfield says this is of Vladimir putin attempt 382 00:21:38,400 --> 00:21:40,920 Speaker 1: to set up a narrative for it to invade Ukraine 383 00:21:40,920 --> 00:21:44,639 Speaker 1: on a larger basis. Russia's clear attack on Ukraine's sovereignty 384 00:21:44,680 --> 00:21:49,399 Speaker 1: and territorial integrity is unprovoked. It is an attack on 385 00:21:49,560 --> 00:21:53,840 Speaker 1: Ukraine's status as a UN member state. It violates a 386 00:21:53,920 --> 00:21:59,080 Speaker 1: basic principle of international law and it defies our charter. 387 00:21:59,240 --> 00:22:02,359 Speaker 1: Greenfield said, as the US will announce further sanctions later 388 00:22:02,400 --> 00:22:06,320 Speaker 1: today in San Francisco. I'm at Baxter Bloomberg Daybreak. Thanks 389 00:22:06,359 --> 00:22:08,600 Speaker 1: that reaction continues to pour in this morning to the 390 00:22:08,640 --> 00:22:11,240 Speaker 1: situation in Ukraine. We spoke with former Prime Minister of 391 00:22:11,280 --> 00:22:16,280 Speaker 1: Finland Alexander Stubb. I do think this is actually an invasion, uh, 392 00:22:16,359 --> 00:22:18,720 Speaker 1: And if it's an invasion, I think the sooner the 393 00:22:18,760 --> 00:22:21,239 Speaker 1: sanctions are on the ground the better. And I do 394 00:22:21,320 --> 00:22:24,520 Speaker 1: think that scrutine needs to be hit hard because otherwise 395 00:22:24,520 --> 00:22:28,120 Speaker 1: you'll continue, uh, this type of behavior. Former Finnish Prime 396 00:22:28,119 --> 00:22:30,560 Speaker 1: Minister Alexander Stubb made the comments in an interview on 397 00:22:30,600 --> 00:22:34,160 Speaker 1: Bloomberg Radio and Television. Well, Nathan, the situation in Ukraine 398 00:22:34,200 --> 00:22:37,560 Speaker 1: is resulting in moves in treasury and commodity markets. Checking 399 00:22:37,640 --> 00:22:40,040 Speaker 1: yals on the tenure treasury right now at one point 400 00:22:40,080 --> 00:22:43,439 Speaker 1: nine two per cent. An oil is also rallying. Checking 401 00:22:43,440 --> 00:22:46,240 Speaker 1: prices now nine make screw oil at three point nine percent. 402 00:22:46,280 --> 00:22:48,600 Speaker 1: It's a ninety four dollar sixty five cents a barrel. 403 00:22:48,880 --> 00:22:51,240 Speaker 1: Brent is up two points six percent and ninety seven 404 00:22:51,280 --> 00:22:53,680 Speaker 1: dollars eighty seven cents. Well, it remains to be seen 405 00:22:53,720 --> 00:22:55,600 Speaker 1: here and how much impact the conflict will have on 406 00:22:55,680 --> 00:22:58,600 Speaker 1: interest rates, But Fed Governor Michelle Bowman says a fifty 407 00:22:58,640 --> 00:23:01,600 Speaker 1: basis point high could be on the table next month. 408 00:23:01,800 --> 00:23:04,359 Speaker 1: She told the conference in California. It's too early to tell. 409 00:23:04,640 --> 00:23:08,440 Speaker 1: Bowman says she favors quote forceful action to quell high inflation. 410 00:23:09,080 --> 00:23:11,399 Speaker 1: Hey Nathan on the ernest ronch shares A home depot 411 00:23:11,440 --> 00:23:13,960 Speaker 1: or up one point four percent, the home improvement retailer 412 00:23:14,040 --> 00:23:17,960 Speaker 1: posting fourth quarters sales then beat analysts estimates. S and 413 00:23:18,000 --> 00:23:21,680 Speaker 1: P futures are lower down twelve points, DAL futures down 414 00:23:21,680 --> 00:23:25,800 Speaker 1: one four, nasdack futures down nine and a tenure treasury 415 00:23:25,840 --> 00:23:28,040 Speaker 1: again up one thirty second the YELD one point nine 416 00:23:28,080 --> 00:23:31,040 Speaker 1: two percent. Straight to had your latest local headlines plus 417 00:23:31,040 --> 00:23:38,920 Speaker 1: a check of sports, and this is Bloomberg. Thankscaren. Six 418 00:23:38,960 --> 00:23:41,080 Speaker 1: thirty three on Wall Street. Michael Bars here with more 419 00:23:41,080 --> 00:23:43,040 Speaker 1: on what's going on in New York end around the world. 420 00:23:43,080 --> 00:23:45,760 Speaker 1: Michael Nathan, thank you very much. A crackdown is underway 421 00:23:45,800 --> 00:23:48,680 Speaker 1: on crime in New York City subway system. New York 422 00:23:48,680 --> 00:23:52,080 Speaker 1: City Mayor Eric Adams new safety plan comes after more 423 00:23:52,119 --> 00:23:55,440 Speaker 1: than six people were attacked from the Bronx to Midtown 424 00:23:55,480 --> 00:23:59,160 Speaker 1: Manhattan to Brooklyn over the holiday weekend. According to Mayor Adams, 425 00:23:59,160 --> 00:24:02,320 Speaker 1: the city will send war cops, mental health specialists and 426 00:24:02,359 --> 00:24:06,320 Speaker 1: outreach workers onto trains. Police will crack down on sleeping 427 00:24:06,320 --> 00:24:09,320 Speaker 1: and smoking in the subways, but some advocates are cautioning 428 00:24:09,359 --> 00:24:14,520 Speaker 1: against criminalizing homelessness and mental illness. UK Prime Minister Boris 429 00:24:14,600 --> 00:24:17,760 Speaker 1: Johnson said the country must learn to live with COVID nineteen. 430 00:24:18,240 --> 00:24:22,199 Speaker 1: Johnson ended pandemic rules in England, levels of immunity are 431 00:24:22,280 --> 00:24:26,720 Speaker 1: so high and deaths are now if anything below where 432 00:24:26,760 --> 00:24:29,639 Speaker 1: you would normally expect for this time of year, that 433 00:24:29,840 --> 00:24:34,280 Speaker 1: we can lift these restrictions. Johnson says, starting Thursday, people 434 00:24:34,280 --> 00:24:37,439 Speaker 1: with COVID will no longer have to self isolate. Jury 435 00:24:37,440 --> 00:24:40,720 Speaker 1: deliberations resumed today and the federal hate crimes trial against 436 00:24:40,720 --> 00:24:44,880 Speaker 1: the mot Aubrey's killers. Prosecutor Sat Travis and Gregory McMichael 437 00:24:45,200 --> 00:24:48,320 Speaker 1: and their neighbor William Bryan, chased and gunned down Aubrey 438 00:24:48,359 --> 00:24:51,560 Speaker 1: and Bruns with Georgia because he was black. Defense attorney's 439 00:24:51,600 --> 00:24:54,600 Speaker 1: claimed they were just concerned neighbors trying to conduct a 440 00:24:54,720 --> 00:24:58,960 Speaker 1: citizen's arrest. The jury was presented with testimony by witnesses 441 00:24:59,240 --> 00:25:03,120 Speaker 1: of racist eatements the men had allegedly made about Aubrey's mother, 442 00:25:03,200 --> 00:25:05,960 Speaker 1: Wanda Cooper Jones, I knew from the very start that 443 00:25:06,040 --> 00:25:13,159 Speaker 1: they were races. The men, already given life in prison 444 00:25:13,240 --> 00:25:16,400 Speaker 1: for Aubrey's murder, could get a life sentences again on 445 00:25:16,440 --> 00:25:20,280 Speaker 1: the hate crimes charges. Closing arguments are expected today and 446 00:25:20,359 --> 00:25:23,600 Speaker 1: the federal civil rights trial of the three former police 447 00:25:23,640 --> 00:25:26,320 Speaker 1: officers who were with Derek Chauvin on the day he 448 00:25:26,400 --> 00:25:30,080 Speaker 1: murdered George Floyd. Prosecutors and defense attorneys will deliver their 449 00:25:30,080 --> 00:25:33,760 Speaker 1: final points. Jurors in the trial up to tau j 450 00:25:33,920 --> 00:25:37,959 Speaker 1: Alexander King, and Thomas Lane, the three former Minneapolis police 451 00:25:37,960 --> 00:25:40,439 Speaker 1: officers who were with Derek Chauvin when he put his 452 00:25:40,480 --> 00:25:43,880 Speaker 1: knee on Floyd's neck for more than nine minutes, killing him. 453 00:25:43,920 --> 00:25:47,720 Speaker 1: All three are charged with depriving Floyd of his civil rights. 454 00:25:48,119 --> 00:25:51,040 Speaker 1: Global News twenty four hours a day on air and 455 00:25:51,200 --> 00:25:54,320 Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven 456 00:25:54,400 --> 00:25:57,080 Speaker 1: undred journalists and analysts more than a hundred twenty countries. 457 00:25:57,480 --> 00:26:05,640 Speaker 1: Michael barn this is Bloomberg. Nathan, Thanks Michael on Wall 458 00:26:05,680 --> 00:26:07,760 Speaker 1: Street time for the Bloomberg Sports Update here again his 459 00:26:07,840 --> 00:26:10,040 Speaker 1: Johnstown show Sary Nathan, the Nets are gonna try and 460 00:26:10,040 --> 00:26:11,480 Speaker 1: make some mystery. Be the first team to win an 461 00:26:11,560 --> 00:26:14,240 Speaker 1: NBA championship in a season where they had an eleven 462 00:26:14,280 --> 00:26:17,359 Speaker 1: game losing Street. Then that's dealer on, Kevin Durant, returned 463 00:26:17,440 --> 00:26:20,920 Speaker 1: Ben Simmons debuts, and who knows, maybe even Kyrie Irvan 464 00:26:21,000 --> 00:26:23,280 Speaker 1: can start playing home games. They can win a title 465 00:26:23,400 --> 00:26:26,040 Speaker 1: US where they just signed veteran point guard gore On Dragic, 466 00:26:26,119 --> 00:26:28,720 Speaker 1: thirty five year old, fifteen year NBA veterans was a 467 00:26:28,760 --> 00:26:32,119 Speaker 1: free agent. Several of the teams wanted it. Michigan began 468 00:26:32,200 --> 00:26:35,719 Speaker 1: the college basketball season ranked six in the country. Wolverines 469 00:26:35,760 --> 00:26:39,320 Speaker 1: were just fourteen and eleven. Frustration may have contributed to 470 00:26:39,359 --> 00:26:42,679 Speaker 1: their coach, Jowan Howard, slapping the head of a Wisconsin 471 00:26:42,760 --> 00:26:46,120 Speaker 1: assistant after Sunday's loss in the handshake line No Less 472 00:26:46,119 --> 00:26:49,080 Speaker 1: a Big ten has suspended Howard for the next five games. 473 00:26:49,320 --> 00:26:52,479 Speaker 1: Many feel the baseball lockout will continue until they reached 474 00:26:52,480 --> 00:26:55,359 Speaker 1: a deadline of getting the deal done or face not 475 00:26:55,520 --> 00:26:57,879 Speaker 1: started the season on time. That deadline is expected to 476 00:26:57,920 --> 00:27:01,080 Speaker 1: be sometime next week. He side met yesterday in Florida, 477 00:27:01,119 --> 00:27:03,560 Speaker 1: for five hours, but still say didn't part apart on 478 00:27:03,600 --> 00:27:07,480 Speaker 1: the issue. Aaron Rodgers is a lengthy Instagram post where 479 00:27:07,480 --> 00:27:10,119 Speaker 1: he referred to his time spent in Green Bay in 480 00:27:10,200 --> 00:27:13,480 Speaker 1: the past tense. Rogers has said he wants a resolution 481 00:27:13,560 --> 00:27:16,359 Speaker 1: on his future around the time teams have to decide 482 00:27:16,359 --> 00:27:19,480 Speaker 1: on franchise tags and that windows begins today. For only 483 00:27:19,480 --> 00:27:22,119 Speaker 1: the second time in Kentucky Derby history, the horse that 484 00:27:22,240 --> 00:27:24,879 Speaker 1: crossed the finish line first is not the winner and 485 00:27:25,000 --> 00:27:28,160 Speaker 1: is due to a positive test for a band rout 486 00:27:28,320 --> 00:27:32,639 Speaker 1: Mddina's Spirit stripped Mandelune becomes the winner. Medina's Spirits trainer 487 00:27:32,920 --> 00:27:35,880 Speaker 1: Hall of Famer Bob Bafford already banned from Churchill Down 488 00:27:35,920 --> 00:27:38,480 Speaker 1: for two years and now a three months oftension from 489 00:27:38,520 --> 00:27:42,680 Speaker 1: All Place Track Stay all Bloomberg Sports, All right, John, 490 00:27:42,720 --> 00:27:44,920 Speaker 1: thank you. At six thirty seven on Wall Street, tend 491 00:27:44,920 --> 00:27:46,520 Speaker 1: to take a look at stocks, some of the names 492 00:27:46,560 --> 00:27:49,199 Speaker 1: moving in the pre market. Bloomberg Radio and TV Markets 493 00:27:49,200 --> 00:27:51,560 Speaker 1: correspondent Creedy Group that joins us on what has been 494 00:27:51,600 --> 00:27:54,840 Speaker 1: a very vaultive morning on all the geopolitics. Creedya wonder 495 00:27:54,840 --> 00:27:59,360 Speaker 1: while his tension is affecting stocks with exposure to Russia 496 00:27:59,440 --> 00:28:02,040 Speaker 1: risk Yeah, well, good morning Meathan. There is a lot 497 00:28:02,119 --> 00:28:03,960 Speaker 1: of kind of green on the screen when you really 498 00:28:04,000 --> 00:28:05,760 Speaker 1: dive deep into it on the surface futures, and I 499 00:28:05,800 --> 00:28:08,000 Speaker 1: think about four tents of a percent if you look 500 00:28:08,080 --> 00:28:10,199 Speaker 1: underneath the hood. Though, naturally, a lot of it's going 501 00:28:10,280 --> 00:28:12,879 Speaker 1: to fall into the commodities complex. We know Brent crude 502 00:28:12,960 --> 00:28:15,720 Speaker 1: hit as high as ninety a barrel, getting really close 503 00:28:15,760 --> 00:28:18,840 Speaker 1: to that scary one level, and that's translating into some 504 00:28:18,880 --> 00:28:20,600 Speaker 1: of those oil companies in the pre market. Let me 505 00:28:20,640 --> 00:28:23,400 Speaker 1: give you some examples here. Marathon Oil is the top 506 00:28:23,440 --> 00:28:25,720 Speaker 1: of the charts. M R oh is your taker this morning, 507 00:28:25,960 --> 00:28:28,800 Speaker 1: five point four percent rally in the pre market. A 508 00:28:28,800 --> 00:28:32,160 Speaker 1: similar story for Devon Energy DVN is your taker, up 509 00:28:32,160 --> 00:28:34,080 Speaker 1: four point four percent in the pre market. And of 510 00:28:34,080 --> 00:28:37,040 Speaker 1: course Apache A p A up four point one percent. 511 00:28:37,119 --> 00:28:39,280 Speaker 1: The thing that all of these names have in common 512 00:28:39,360 --> 00:28:42,720 Speaker 1: natas they are domestic producers. In the event of a 513 00:28:42,960 --> 00:28:46,840 Speaker 1: invasion or a continued war or continue geopolitical tensions, there's 514 00:28:46,840 --> 00:28:49,960 Speaker 1: gonna be a lot of emphasis on those domestic shale companies. 515 00:28:49,960 --> 00:28:52,400 Speaker 1: And these are the companies that have the best exposure 516 00:28:52,440 --> 00:28:55,520 Speaker 1: to American crude productions, and naturally you see an early 517 00:28:55,560 --> 00:28:57,600 Speaker 1: bid into those names. A similar story when it comes 518 00:28:57,640 --> 00:29:00,760 Speaker 1: to Alcoa. A A is your taker up three point 519 00:29:00,840 --> 00:29:04,080 Speaker 1: two in the pre market. Remember, Russia is the second 520 00:29:04,160 --> 00:29:07,560 Speaker 1: largest aluminum producer or in the world, so you do 521 00:29:07,600 --> 00:29:10,400 Speaker 1: see a lot of those bids going into aluminium names, 522 00:29:10,400 --> 00:29:12,880 Speaker 1: specifically in the United States, and once again, the absence 523 00:29:12,920 --> 00:29:15,920 Speaker 1: of that supply, American companies do have to benefit. You 524 00:29:15,920 --> 00:29:18,680 Speaker 1: can see once again investors really putting a bid into 525 00:29:18,680 --> 00:29:21,360 Speaker 1: that stock early this morning. A similar story when it 526 00:29:21,360 --> 00:29:24,360 Speaker 1: comes to defense names, although not with the same enthusiasm. 527 00:29:24,360 --> 00:29:26,400 Speaker 1: This is a pretty easy read through, Nathan, Right, the 528 00:29:26,440 --> 00:29:28,520 Speaker 1: idea that if there's a war, if there's an invasion, 529 00:29:28,520 --> 00:29:31,240 Speaker 1: those defense names are going to rally. Lockheed Martin is 530 00:29:31,280 --> 00:29:33,280 Speaker 1: one of them. L M T is your ticker, up 531 00:29:33,280 --> 00:29:35,800 Speaker 1: five tenths of a percent. Ray Theon is the other 532 00:29:36,000 --> 00:29:38,480 Speaker 1: rt X up one tenth of the percent. Nathan, Yeah, 533 00:29:38,520 --> 00:29:41,120 Speaker 1: it's certainly interesting to hear how all the commodity stocks 534 00:29:41,120 --> 00:29:44,240 Speaker 1: are being affected by what's going on, and given the geopolitics, 535 00:29:44,400 --> 00:29:48,000 Speaker 1: it's sort of taken earnings off the front burner. But 536 00:29:48,080 --> 00:29:51,760 Speaker 1: we do have some earnings to report this morning, we do. 537 00:29:52,040 --> 00:29:53,880 Speaker 1: I mean, it's funny that we're not actually reading have 538 00:29:54,000 --> 00:29:56,520 Speaker 1: much attention to earnings given all the geopolitical tension to 539 00:29:56,560 --> 00:29:59,040 Speaker 1: your point, but Home deepot actually coming out this morning, 540 00:29:59,200 --> 00:30:01,240 Speaker 1: HD is your tick or up one point four percent 541 00:30:01,320 --> 00:30:05,000 Speaker 1: in the pre market, projecting a deceleration in profit growth 542 00:30:05,000 --> 00:30:08,120 Speaker 1: in two after a bumper end till last year, once 543 00:30:08,120 --> 00:30:10,720 Speaker 1: again showing that the pandemic field spending on home improvement 544 00:30:11,120 --> 00:30:13,680 Speaker 1: is starting to fade. The real highlight though of this 545 00:30:13,920 --> 00:30:17,200 Speaker 1: kind of earnings report despite that deceleration, is their comps 546 00:30:17,240 --> 00:30:19,560 Speaker 1: sales numbers coming in at eight point one percent in 547 00:30:19,600 --> 00:30:23,040 Speaker 1: the fourth quarter compared to a five point three percent estimates. 548 00:30:23,080 --> 00:30:25,720 Speaker 1: So although they are projecting slower growth, it seems they 549 00:30:25,760 --> 00:30:28,080 Speaker 1: did pretty well in the last quarter. All right, thanks 550 00:30:28,120 --> 00:30:30,719 Speaker 1: for this As always created Bloomberg Radio and TV Markets 551 00:30:30,720 --> 00:30:33,840 Speaker 1: correspondent created Gupta with us in the pre market. As 552 00:30:33,840 --> 00:30:35,720 Speaker 1: we take a look at stocks as a whole ahead 553 00:30:35,760 --> 00:30:38,680 Speaker 1: of this Tuesday morning open, we do see read on 554 00:30:38,760 --> 00:30:41,320 Speaker 1: the screen for the most part, with SMP futures down 555 00:30:41,400 --> 00:30:44,280 Speaker 1: seventeen points now down features down a hundred thirty seven. 556 00:30:44,520 --> 00:30:48,080 Speaker 1: NASTAC futures are lower by a hundred eighteen points. European 557 00:30:48,120 --> 00:30:50,560 Speaker 1: stocks have been swinging between games and losses. Now they're 558 00:30:50,600 --> 00:30:52,480 Speaker 1: mostly back in the right as well, with the docks 559 00:30:52,520 --> 00:30:54,800 Speaker 1: in Germany down three tenths per cent, the CAC in 560 00:30:54,880 --> 00:30:58,320 Speaker 1: Paris little change to the downside. Tenure treasury now up 561 00:30:58,360 --> 00:31:01,400 Speaker 1: one thirty second, the yield at one point yield on 562 00:31:01,400 --> 00:31:04,560 Speaker 1: the two year one point five one. Nimex crewed up 563 00:31:04,600 --> 00:31:07,080 Speaker 1: three point eight percent of three dollars forty three cents 564 00:31:07,840 --> 00:31:13,520 Speaker 1: fifty barrel bitcoin thirty seven thousand, five hundred dollars. Stay 565 00:31:13,560 --> 00:31:15,880 Speaker 1: with us, we'll get the latest. The view from the 566 00:31:15,960 --> 00:31:19,360 Speaker 1: nation's capital with Bloomberg Washington correspondent Joe Matthew. This is 567 00:31:19,400 --> 00:31:25,400 Speaker 1: Bloomberg Bloomberg eleven three oh weather. Rain developing this afternoon 568 00:31:25,440 --> 00:31:28,360 Speaker 1: with highs and the low fifties, partly sunny. Mile tomorrow 569 00:31:28,400 --> 00:31:31,840 Speaker 1: mid sixties. We'll be back in the upper thirties by Thursday. 570 00:31:32,080 --> 00:31:38,760 Speaker 1: Right now thirty nine in Central Park markets, headlines and 571 00:31:38,880 --> 00:31:42,160 Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com, 572 00:31:42,280 --> 00:31:45,800 Speaker 1: the Bloomberg Business Out and at Bloomberg Quick Tape is 573 00:31:45,840 --> 00:31:55,120 Speaker 1: a Bloomberg Business black action and I'm Karen Moscow. Futures 574 00:31:55,160 --> 00:31:57,160 Speaker 1: are falling this morning. We got to the first word 575 00:31:57,160 --> 00:32:00,000 Speaker 1: breaking news Dash for today's morning call. Here's Bill mallow 576 00:32:00,000 --> 00:32:03,360 Speaker 1: own a Bill, good morning, Hey, good morning, can that's right? 577 00:32:03,480 --> 00:32:05,880 Speaker 1: US features trading in the red right now without futures 578 00:32:05,880 --> 00:32:08,320 Speaker 1: down two thirty two points has to be dropped thirty 579 00:32:08,320 --> 00:32:11,560 Speaker 1: one well, the nastag features off by one sixty nine. 580 00:32:12,000 --> 00:32:14,480 Speaker 1: The US ten yield at one point nine three percent, 581 00:32:14,560 --> 00:32:17,440 Speaker 1: gold is down eleven, oil is climbing, and Bitcoin is 582 00:32:17,440 --> 00:32:20,680 Speaker 1: trading higher by one point one percent. Hong Kong fell 583 00:32:20,760 --> 00:32:23,200 Speaker 1: two point seven percent overnight, while up and markets are 584 00:32:23,200 --> 00:32:26,040 Speaker 1: trading mixed right now. And note that Germany said the 585 00:32:26,120 --> 00:32:30,240 Speaker 1: nord stream to certification can't happen right now. Back in 586 00:32:30,280 --> 00:32:32,760 Speaker 1: the US, on the economic front, at nine forty five February, 587 00:32:32,800 --> 00:32:35,200 Speaker 1: p m I s and at ten o'clock consumer confidence 588 00:32:35,600 --> 00:32:37,800 Speaker 1: regarding some of the earnings this morning, home depoke you 589 00:32:37,920 --> 00:32:41,280 Speaker 1: four com sales up eight point one percent, estimate was 590 00:32:41,360 --> 00:32:45,760 Speaker 1: five point three percent and metronic mist estimates wrapping things up. 591 00:32:45,800 --> 00:32:48,560 Speaker 1: Am D was raised to outperform at Bernstein. Vistian raised 592 00:32:48,560 --> 00:32:51,480 Speaker 1: to buy a Goldman Sachs and DraftKings because the equates 593 00:32:51,800 --> 00:32:54,840 Speaker 1: over at Wills far Ago Live from the First Urfect 594 00:32:54,880 --> 00:32:57,520 Speaker 1: News Desk, I'm Bill Maloney, Careen all right, Bill, thank 595 00:32:57,560 --> 00:32:59,640 Speaker 1: you to here live breaking news of her Bloombery type 596 00:32:59,640 --> 00:33:02,520 Speaker 1: squaw on your terminal scue you a w K and 597 00:33:02,520 --> 00:33:05,120 Speaker 1: that's a Bloomberg business flash. Now here's Michael bar with 598 00:33:05,240 --> 00:33:08,040 Speaker 1: more on what's going on around the world. Michael Karen, 599 00:33:08,040 --> 00:33:10,480 Speaker 1: thank you very much. Russia has tightening tensions and the 600 00:33:10,480 --> 00:33:13,880 Speaker 1: threat of war in Ukraine. Russian President Putin sent troops 601 00:33:13,880 --> 00:33:17,880 Speaker 1: into two breakaway regions of eastern Ukraine that are controlled 602 00:33:17,920 --> 00:33:22,480 Speaker 1: by Russia back rebels. Ukrainian President Zelenski said his nation 603 00:33:22,600 --> 00:33:26,600 Speaker 1: is unafraid and would see nothing. Canadian lawmakers have voted 604 00:33:26,640 --> 00:33:29,840 Speaker 1: to extend the emergency powers for police well any potential 605 00:33:29,880 --> 00:33:35,560 Speaker 1: restart of blockades protesting COVID restrictions. In college basketball, Michigan 606 00:33:35,600 --> 00:33:39,080 Speaker 1: coach Juwan Howard has been suspended the final five games 607 00:33:39,080 --> 00:33:42,520 Speaker 1: of the regular season and find forty thousand dollars for 608 00:33:42,560 --> 00:33:46,200 Speaker 1: a postgame melee. In the NHL, the Bruins won global 609 00:33:46,200 --> 00:33:48,840 Speaker 1: news twenty four hours a day on air and on 610 00:33:48,920 --> 00:33:52,800 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists 611 00:33:52,800 --> 00:33:55,720 Speaker 1: analyist more than a hundred twenty countries. Michael barn this 612 00:33:55,840 --> 00:34:00,160 Speaker 1: is Bloomberg. The following commentary is from Bloomberg Opinion. Him 613 00:34:00,960 --> 00:34:04,520 Speaker 1: homicide is the pandemic's biggest killer of young black men. 614 00:34:04,800 --> 00:34:08,800 Speaker 1: I'm Justin Fox, a columnist for Bloomberg Opinion, who suffers 615 00:34:08,800 --> 00:34:11,080 Speaker 1: when the murder rate goes up as it has during 616 00:34:11,080 --> 00:34:15,480 Speaker 1: the COVID nineteen pandemic Black Americans. Mostly despite making up 617 00:34:15,480 --> 00:34:19,120 Speaker 1: only around thirteen percent of the US population, Blacks accounted 618 00:34:19,160 --> 00:34:22,120 Speaker 1: for fifty six percent of the country's homicide victims in 619 00:34:22,160 --> 00:34:25,240 Speaker 1: two thousand twenty and sixty six percent of the increase 620 00:34:25,280 --> 00:34:28,759 Speaker 1: over the year before. Incomplete data for last year show 621 00:34:28,840 --> 00:34:32,600 Speaker 1: more of the same young black men faced the highest risk. 622 00:34:32,880 --> 00:34:36,120 Speaker 1: Homicide was the number one killer of Black men ages 623 00:34:36,160 --> 00:34:39,160 Speaker 1: fifteen through forty four in two thousand twenty. For the 624 00:34:39,200 --> 00:34:41,919 Speaker 1: country as a whole. By contrast, it didn't even rank 625 00:34:41,960 --> 00:34:45,360 Speaker 1: in the top fifteen causes of death. This pandemic murder 626 00:34:45,360 --> 00:34:49,719 Speaker 1: wave is another epidemic. It's victims disproportionately young men who 627 00:34:49,719 --> 00:34:51,920 Speaker 1: ought to have long lives ahead of them. We need 628 00:34:51,960 --> 00:34:55,319 Speaker 1: to stop it. I'm Justin Fox. For more opinion, please 629 00:34:55,320 --> 00:34:58,279 Speaker 1: go to Bloomberg dot Com, Slash Opinion or O P 630 00:34:58,400 --> 00:35:01,239 Speaker 1: I N go on the Bloomberg term. These has been 631 00:35:01,280 --> 00:35:05,160 Speaker 1: Bloomberg Opinion and Bloomberg Opinion Commentaries. Gam he heard every 632 00:35:05,160 --> 00:35:07,879 Speaker 1: weekday at this time and terminal customers can read more 633 00:35:07,960 --> 00:35:11,000 Speaker 1: at O P I N GO. It is six fifty 634 00:35:11,000 --> 00:35:13,160 Speaker 1: on Wall Street. Let's turn to news and science and 635 00:35:13,160 --> 00:35:15,960 Speaker 1: technology now with a Bloomberg and j I T STEM 636 00:35:15,960 --> 00:35:19,120 Speaker 1: report brought to you buy New Jersey Institute of Technology, 637 00:35:19,160 --> 00:35:22,120 Speaker 1: ranked a top fifty national public university by US News 638 00:35:22,120 --> 00:35:25,200 Speaker 1: and World Report and a top fifty college for undergraduate 639 00:35:25,280 --> 00:35:28,680 Speaker 1: entrepreneurship studies by the Princeton Review. Learned more at n 640 00:35:28,760 --> 00:35:31,759 Speaker 1: J I T DOT E DU now Here's just making 641 00:35:31,800 --> 00:35:35,680 Speaker 1: news and science, technology, engineering and math. British Prime Minister 642 00:35:35,719 --> 00:35:38,960 Speaker 1: Boris Johnson is seeking to turn the page on the pandemic, 643 00:35:39,080 --> 00:35:43,080 Speaker 1: despite warnings from his scientific advisors. Johnson said the country 644 00:35:43,239 --> 00:35:46,200 Speaker 1: must learn to live with a coronavirus. As he ended 645 00:35:46,320 --> 00:35:49,280 Speaker 1: restrictions in England, He's laid out a plan to lift 646 00:35:49,280 --> 00:35:53,280 Speaker 1: all legal curbs. Johnson said they'll be replaced by common 647 00:35:53,360 --> 00:35:58,279 Speaker 1: sense and personal responsibility. Of full time employees worked at 648 00:35:58,280 --> 00:36:01,719 Speaker 1: home in that's almost dub of the reported in twent 649 00:36:02,719 --> 00:36:05,720 Speaker 1: according to the US Bureau of Labor Statistics, those numbers 650 00:36:05,760 --> 00:36:08,760 Speaker 1: appear to be leveling off, but in many industries remote 651 00:36:08,800 --> 00:36:12,360 Speaker 1: work is becoming the norm rather than the exception, especially 652 00:36:12,400 --> 00:36:16,680 Speaker 1: with new variants of COVID continuing to circulate throughout the US, 653 00:36:16,760 --> 00:36:21,480 Speaker 1: and US regulators are investigating HSBC over banker's misuse of 654 00:36:21,600 --> 00:36:25,480 Speaker 1: services such as What'sapp. The London based bank said it's 655 00:36:25,480 --> 00:36:29,960 Speaker 1: cooperating with the Community Futures Trading Commission probe. HSBC CEO 656 00:36:30,080 --> 00:36:33,880 Speaker 1: no Quinn tells Bloomberg it's part of a broad investigation 657 00:36:33,960 --> 00:36:37,600 Speaker 1: across all financial institutions and that's a Bloomberg and j 658 00:36:37,760 --> 00:36:40,640 Speaker 1: I t Stem report. Nathan, thank you, Karen. We are 659 00:36:40,640 --> 00:36:43,280 Speaker 1: alive from the Bloomberg Interactive Brokers studios where it's almost 660 00:36:43,280 --> 00:36:45,399 Speaker 1: six fifty two on Wall Street time now to check 661 00:36:45,440 --> 00:36:47,399 Speaker 1: what's going on in d C. Some of the top 662 00:36:47,440 --> 00:36:49,920 Speaker 1: stories in our nation's capital include the West pushing on 663 00:36:50,000 --> 00:36:53,520 Speaker 1: sanctions after Putin recognized the separatist republics in Ukraine, the 664 00:36:53,600 --> 00:36:56,920 Speaker 1: US condemning Russia's move at the U n Security Council, 665 00:36:57,239 --> 00:37:00,479 Speaker 1: and the United States ordering personnel out of Ukraine as 666 00:37:00,520 --> 00:37:03,560 Speaker 1: the Russian threat persists. For the very latest view from 667 00:37:03,560 --> 00:37:07,000 Speaker 1: the nation's capital, let's bring in our Washington correspondent Joe Matthew, 668 00:37:07,280 --> 00:37:10,000 Speaker 1: host of Sound on Here on Bloomberg Radio. As we 669 00:37:10,040 --> 00:37:13,720 Speaker 1: continue to watch these developments on fold, Joe, very interesting 670 00:37:13,760 --> 00:37:15,480 Speaker 1: to see the top of the fold headline in the 671 00:37:15,480 --> 00:37:19,120 Speaker 1: Washington Post this morning. White House wrestles with what counts 672 00:37:19,560 --> 00:37:22,200 Speaker 1: as an invasion? What is it that the White House 673 00:37:22,239 --> 00:37:25,200 Speaker 1: is wrestling with here? Well, it's it's great question as 674 00:37:25,239 --> 00:37:28,320 Speaker 1: we all kind of wake up to this very same question. 675 00:37:28,360 --> 00:37:32,840 Speaker 1: A senior Administration official brief reporters in a call last evening, 676 00:37:32,880 --> 00:37:35,680 Speaker 1: which is typical ahead of uh, you know, the next 677 00:37:35,760 --> 00:37:39,080 Speaker 1: day's news cycle, and here we are. They said, Vladimir 678 00:37:39,120 --> 00:37:42,640 Speaker 1: Prutin's address was quote, a speech to the Russian people 679 00:37:43,040 --> 00:37:46,200 Speaker 1: to justify a war that from the White House. They 680 00:37:46,239 --> 00:37:50,640 Speaker 1: reiterated sanctions being imposed on the two separatist regions. They 681 00:37:50,640 --> 00:37:53,040 Speaker 1: stopped short of calling this an invasion, though in fact 682 00:37:53,080 --> 00:37:56,600 Speaker 1: they had quote Russian troops moving into the done bus 683 00:37:57,000 --> 00:38:00,600 Speaker 1: would not itself be a new step unquote. They pointed 684 00:38:00,600 --> 00:38:04,160 Speaker 1: out repeatedly on this call, Nathan, that Russia has had 685 00:38:04,200 --> 00:38:07,480 Speaker 1: forces in that region for the better part of eight years. 686 00:38:07,520 --> 00:38:09,480 Speaker 1: So this leaves us with a lot of big questions 687 00:38:09,480 --> 00:38:12,920 Speaker 1: this morning. What qualifies as an invasion, what sanctions might 688 00:38:12,920 --> 00:38:16,040 Speaker 1: be triggered, and do we keep talking? Remembering there was 689 00:38:16,080 --> 00:38:18,879 Speaker 1: this meeting set for Thursday with the Secretary of State 690 00:38:18,920 --> 00:38:21,640 Speaker 1: Anthony blancoln and Sergi Lavrov that was supposed to set 691 00:38:21,680 --> 00:38:24,840 Speaker 1: the stage for a greater meeting, potentially a summit of leaders, 692 00:38:25,160 --> 00:38:27,160 Speaker 1: and all of this is now up in the air. Yeah, 693 00:38:27,160 --> 00:38:30,400 Speaker 1: I guess that's uh. That meeting is still on the table, 694 00:38:30,520 --> 00:38:34,759 Speaker 1: isn't it. So no one's canceled it. But also you 695 00:38:34,760 --> 00:38:37,000 Speaker 1: know a lot is going to take place in the 696 00:38:37,040 --> 00:38:39,800 Speaker 1: next twelve to twenty four hours. Here. We should note, 697 00:38:39,800 --> 00:38:44,319 Speaker 1: by the way, that before yesterday's action in Moscow, the 698 00:38:44,360 --> 00:38:46,799 Speaker 1: Secretary of State again Anthony B. Lincoln, had said that 699 00:38:46,880 --> 00:38:51,680 Speaker 1: acknowledging the Donetsk and Luhnsk regions would be a quote 700 00:38:51,800 --> 00:38:56,040 Speaker 1: gross violation of international law unquote. He also said it 701 00:38:56,040 --> 00:39:00,040 Speaker 1: would quote necessitate a swift and firm response from the 702 00:39:00,160 --> 00:39:03,919 Speaker 1: US unquote. Now, on that call last evening, the administration 703 00:39:04,040 --> 00:39:07,719 Speaker 1: made clear that further sanctions would be imposed today. They 704 00:39:07,800 --> 00:39:10,799 Speaker 1: did not detail, however, what those would be. And we're 705 00:39:10,800 --> 00:39:14,200 Speaker 1: hearing of a real outcry, Nathan, as you're seeing as 706 00:39:14,239 --> 00:39:17,319 Speaker 1: well from Capitol Hill, with a lot of lawmakers who 707 00:39:17,360 --> 00:39:19,920 Speaker 1: want more than this. Yeah, and it was interesting as 708 00:39:19,960 --> 00:39:23,440 Speaker 1: well to note that when the President announced the sanctions 709 00:39:24,040 --> 00:39:28,600 Speaker 1: triggered by the Donnietek and Luhansk recognition, that they pointed 710 00:39:28,600 --> 00:39:31,279 Speaker 1: out that it was separate from the sanctions that they're considering. 711 00:39:31,640 --> 00:39:36,040 Speaker 1: Should Russia go even further here, the question now, I 712 00:39:36,080 --> 00:39:40,600 Speaker 1: guess is what further sanctions could be imposed? What would 713 00:39:40,640 --> 00:39:43,719 Speaker 1: deter putin at this point, given that the threat of 714 00:39:43,760 --> 00:39:47,000 Speaker 1: sanctions that the White House has said is its deterrence, 715 00:39:47,360 --> 00:39:49,880 Speaker 1: doesn't seem to have had that impact at this point. No, 716 00:39:49,960 --> 00:39:52,640 Speaker 1: and Sergey laugh Rov said yesterday, you know, we've learned 717 00:39:52,640 --> 00:39:55,120 Speaker 1: to live with sanctions. Uh. There there are a lot 718 00:39:55,120 --> 00:39:57,120 Speaker 1: of questions about what that would be. We did hear 719 00:39:57,160 --> 00:40:01,080 Speaker 1: from the Chancellor of Germany, Nathan about an hour ago saying, quote, 720 00:40:01,120 --> 00:40:04,160 Speaker 1: no certification of Nord's dream too can happen right now 721 00:40:04,280 --> 00:40:06,520 Speaker 1: unquote that's a pretty big deal. He would not go 722 00:40:06,640 --> 00:40:08,680 Speaker 1: that far when he was at the White House a 723 00:40:08,680 --> 00:40:12,839 Speaker 1: couple of weeks ago. Chancellor Schultz basically putting putting down 724 00:40:12,880 --> 00:40:15,080 Speaker 1: now this Nord's dream to issue once and for all. 725 00:40:15,680 --> 00:40:17,680 Speaker 1: Play That against what we heard as well, though from 726 00:40:17,680 --> 00:40:20,640 Speaker 1: the Italian Prime Minister Mario drag You said sanctions should 727 00:40:20,640 --> 00:40:24,160 Speaker 1: be effective but also sustainable, with great concerns that there 728 00:40:24,160 --> 00:40:28,000 Speaker 1: could be you know, major uh repercussions in the energy 729 00:40:28,040 --> 00:40:31,000 Speaker 1: sector here about a third of European energy comes from Russia, 730 00:40:31,360 --> 00:40:33,520 Speaker 1: and they're deeply worried about what the cost of all 731 00:40:33,520 --> 00:40:36,239 Speaker 1: of this will be. But my goodness, do you see 732 00:40:36,239 --> 00:40:39,279 Speaker 1: the statements again coming from Capitol Hill. This This administration, 733 00:40:39,280 --> 00:40:41,880 Speaker 1: the Biden administration, will only have so much time to 734 00:40:41,920 --> 00:40:44,840 Speaker 1: get around this. Today. Democratic and Republican leaders on the 735 00:40:44,840 --> 00:40:47,560 Speaker 1: Senate Foreign Relations Committee both out with statements that Chair 736 00:40:47,640 --> 00:40:51,719 Speaker 1: Robert Menendez, the Democrat, says crushing sanctions should be imposed 737 00:40:51,760 --> 00:40:55,480 Speaker 1: if any additional Russian troops crossed into don Bas. The 738 00:40:55,560 --> 00:40:58,920 Speaker 1: ranking member James rish Nathan says, recognizing the Republics, that 739 00:40:58,960 --> 00:41:02,600 Speaker 1: move that Putin made yesterday is tantamount to invasion and 740 00:41:02,680 --> 00:41:06,080 Speaker 1: sanctions should be imposed immediately. It really caught my eye. 741 00:41:06,160 --> 00:41:09,919 Speaker 1: Chris Coons, the Senator from Delaware, he hails from Joe 742 00:41:09,920 --> 00:41:12,680 Speaker 1: Biden's state, they're known to be allies, saying that the 743 00:41:12,760 --> 00:41:18,120 Speaker 1: time for taking action to impose significant costs starts now. Nathan, Yeah, 744 00:41:18,160 --> 00:41:20,960 Speaker 1: it's going to be very interesting. To watch as the 745 00:41:21,040 --> 00:41:25,040 Speaker 1: White House says they will be announcing further sanctions today, 746 00:41:25,080 --> 00:41:27,520 Speaker 1: so we know you'll be watching that very closely. Joe Matthew, 747 00:41:27,560 --> 00:41:30,839 Speaker 1: host of Sound On Here on Bloomberg Radio weeknights at 748 00:41:30,840 --> 00:41:34,840 Speaker 1: five p m. Eastern. Every night on Bloomberg Radio. Karen Nathan, 749 00:41:34,920 --> 00:41:37,080 Speaker 1: it is six fifties six on Wall Street, and this 750 00:41:37,200 --> 00:41:40,520 Speaker 1: is Bloomberg Day Break. February is Black History Month, and 751 00:41:40,560 --> 00:41:43,279 Speaker 1: every day this month we are celebrating significant moments in 752 00:41:43,440 --> 00:41:47,360 Speaker 1: US black history. Now with your installment for February twenty second, 753 00:41:47,560 --> 00:41:50,360 Speaker 1: here is Bloomberg's Ready Too Young on This Day in 754 00:41:50,400 --> 00:41:54,040 Speaker 1: Black History. In nine, d J Jazzy, Jeff and the 755 00:41:54,080 --> 00:41:57,520 Speaker 1: Fresh Prince when the first Rap Grammy for the Crossover hit, 756 00:41:59,520 --> 00:42:01,960 Speaker 1: but the du also known as Jeff Towns and Will 757 00:42:02,040 --> 00:42:05,239 Speaker 1: Smith were not there to pick up their award. When 758 00:42:05,280 --> 00:42:07,680 Speaker 1: it was decided that the Soul Rap Award would be 759 00:42:07,719 --> 00:42:10,960 Speaker 1: announced during the non televised portion of the Grammys, the 760 00:42:11,040 --> 00:42:14,359 Speaker 1: hip hop world boycotted. Smith at the time called the 761 00:42:14,400 --> 00:42:19,360 Speaker 1: idea of an afternoon award. While there were critics, supporters 762 00:42:19,400 --> 00:42:22,400 Speaker 1: of the boycotts thought the stance helped the duo cement 763 00:42:22,480 --> 00:42:27,960 Speaker 1: what would become decades of success in music, television, and film. 764 00:42:28,000 --> 00:42:31,880 Speaker 1: That's today in Black history. I'm Renita Young Bloomberg Radio, 765 00:42:32,560 --> 00:42:35,600 Speaker 1: all Right, Renny to thank you and Bloomberg Surveillances straight 766 00:42:35,760 --> 00:42:39,560 Speaker 1: Ahead with Tom Keene, Jonathan Farrell and a Lisa of 767 00:42:39,800 --> 00:42:43,600 Speaker 1: Rama Weetts for Nathan Hager. I'm Terry and Moscow and 768 00:42:43,920 --> 00:42:45,440 Speaker 1: this is Bloomberg.