WEBVTT - Bloomberg Daybreak: January 19, 2022 - Hour 2 (Radio) 0:00:03.720 --> 0:00:07.039 My from the Bloomberg Interactive Brooker Studios is a Bloomberg 0:00:07.120 --> 0:00:11.200 day Break for Wednesday, January nineteen two. Coming up this hour, 0:00:11.720 --> 0:00:14.160 stocks Paris sell off in the wake of a surge 0:00:14.200 --> 0:00:17.800 in Treasury years, Bank of America and Morgan Stanley prepared 0:00:17.840 --> 0:00:21.800 to a quarterings. The five G Rollout disrupts flights around 0:00:21.840 --> 0:00:23.919 the world, and the White House looks to reign in 0:00:23.960 --> 0:00:27.560 the nation's biggest tech companies. Rudy Giuliani is among other 0:00:27.560 --> 0:00:30.520 Trump lawyers subpoena and in the Capitol ryot pro plus 0:00:30.560 --> 0:00:34.120 COVID cases are falling in New Jersey. I'm Michael lar More, Ah, 0:00:34.920 --> 0:00:37.199 I'm John stash Our in Sports, second Day to Row 0:00:37.280 --> 0:00:40.280 and Nick's Home Last Minnesota one by two the Islanders 0:00:40.320 --> 0:00:46.240 one in a studo That's all straight ahead on Bloomberg 0:00:46.320 --> 0:00:51.480 day Break on Bloomberg Element Trio, New York, Bloomberg nine one, Washington, 0:00:51.600 --> 0:00:55.680 d C, Bloomberg one O six one, Boston, Bloomberg nine sixties, 0:00:55.680 --> 0:00:59.680 San Francisco, Sirius x M one nineteen and around the 0:00:59.680 --> 0:01:03.120 world on Bloomberg Radio dot Com and via the Bloomberg 0:01:03.160 --> 0:01:09.520 Business Set. Good morning, I'm Nathan Hagar, and I'm fair 0:01:09.560 --> 0:01:11.840 in Moscow. You wut dot index. Future is on the 0:01:12.000 --> 0:01:14.920 rise this morning, rebounding from a sharp sell off overnight, 0:01:15.040 --> 0:01:16.640 coming up to six oh one on Wall Street, and 0:01:16.720 --> 0:01:19.280 we check the markets every fifteen minutes throughout the trading day. 0:01:19.560 --> 0:01:22.479 On bloomberg S and P Future is up twelve points down. 0:01:22.520 --> 0:01:25.520 Future is up sixty four Nasdack Future is up sixty 0:01:25.640 --> 0:01:28.080 six the Dacks in Germany's up a third of a percent. 0:01:28.400 --> 0:01:31.040 Ten year Treasury down three thirties seconds yield one point 0:01:31.120 --> 0:01:33.200 eight eight percent. They yield on the two year one 0:01:33.240 --> 0:01:36.080 point oh five percent. Night Max Screwed oil is up 0:01:36.080 --> 0:01:38.000 one and a half percent of a dollar thirty one 0:01:38.040 --> 0:01:40.640 at eighty six dollars seventy four cents of barrel and 0:01:40.720 --> 0:01:43.640 bitcoin this morning moving lower at forty one thousand, six 0:01:43.760 --> 0:01:46.520 hundred dollars. Nathan Karen, it is all about the markets 0:01:46.560 --> 0:01:50.160 this morning. Stock features are rebounding after a sharp drop overnight. 0:01:50.240 --> 0:01:52.800 Let's get the very latest live from Bloomberg's John Tucker. 0:01:52.880 --> 0:01:55.760 Good morning, John, Nathan Nasak. Futures fell as much as 0:01:55.840 --> 0:01:58.640 one percent overnight. Right now they're up four tens of 0:01:58.640 --> 0:02:02.120 a percent for in Maastors fed rate hikes are baked 0:02:02.160 --> 0:02:05.360 into the cakes starting in March, and now there's speculation 0:02:05.440 --> 0:02:08.560 the Central Bank will deliver more than a quarter percentage 0:02:08.560 --> 0:02:12.120 point hike at that meeting. More hawkish Fed weighing on stocks, 0:02:12.240 --> 0:02:15.960 especially Tex shares lately. But AzaC one hundred sank two 0:02:15.960 --> 0:02:19.480 point six percent yesterday from its November peak. The Tech 0:02:19.480 --> 0:02:23.160 heavy index has fallen nine point six percent. Just shy 0:02:23.240 --> 0:02:25.799 of the correction. Live in New York. I'm John Tucker, 0:02:26.000 --> 0:02:29.040 Bloomberg debreak, John, thank you. We saw the US sell 0:02:29.080 --> 0:02:31.959 off spread to Asia overnight. We get the recap from 0:02:31.960 --> 0:02:36.000 Bloomberg's Juliet Sally and Singapore. Good morning, Juliette, Good morning Karen. 0:02:36.080 --> 0:02:38.280 The m s CI Asia Pacific Index fell for a 0:02:38.360 --> 0:02:42.200 fifth session, as longest losing streaks since March. Japanese equities 0:02:42.280 --> 0:02:45.079 led the decline as the topics closed lower by almost 0:02:45.240 --> 0:02:48.600 three percent. Sony shares fell the most since October two 0:02:48.680 --> 0:02:51.840 thousand and eight after news that its rival Microsoft plans 0:02:51.880 --> 0:02:55.639 to buy Activision Blizzard for sixty eight point seven billion dollars. 0:02:55.960 --> 0:02:59.040 Shares of some other Asian game related stokes climbed amid 0:02:59.120 --> 0:03:03.000 speculation on further industry m and A. Chinese developers also 0:03:03.120 --> 0:03:05.799 rose in Hong Kong after the PBOC pledge to use 0:03:05.919 --> 0:03:09.040 more monetary policy tools to aid the economy and ease 0:03:09.120 --> 0:03:12.560 credit stress, and bonds in New Zealand and Australia joined 0:03:12.639 --> 0:03:16.200 the global route in Singapore. Julie at Sally Bloomberg Daybreak. 0:03:16.360 --> 0:03:18.360 All right, Juliet, thank you. It's a different picture in 0:03:18.400 --> 0:03:20.880 Europe this morning, where early losses have flipped to gain. 0:03:20.960 --> 0:03:22.640 So let's go to London and get the details life 0:03:22.639 --> 0:03:26.760 from Bloomberg's Max Ramsey. Max. What's the latest, Yes, Nathan, 0:03:26.800 --> 0:03:29.880 turning more positive as we get through the European session today, 0:03:29.919 --> 0:03:32.200 the stock six hundred up three tenths of eight percent 0:03:32.440 --> 0:03:35.760 right now. Yields remain and focus here too. We have 0:03:35.920 --> 0:03:38.840 the tenure German bun yield turned positive for the first 0:03:38.840 --> 0:03:43.600 time since today, yielding just no point, not not two percent, 0:03:43.760 --> 0:03:47.080 So just in positive territory right now. In terms of 0:03:47.080 --> 0:03:50.160 the stock six industry groups, it's retail really powering a 0:03:50.160 --> 0:03:52.560 lot of the games today. The biggest mover to the 0:03:52.640 --> 0:03:55.720 upside among the industry groups, Reachmore. The biggest step mover 0:03:56.280 --> 0:03:59.080 in terms of stocks Swiss luxury goods company that with 0:03:59.160 --> 0:04:02.600 strong third quarter sales. Other companies Barbary Swatch Monclad also 0:04:02.720 --> 0:04:05.520 doing very well so far. This morning live in London, 0:04:05.520 --> 0:04:07.960 I'm Max Ramsey putting back day break right Max, thank 0:04:07.960 --> 0:04:10.200 you well. Inflation is also a friend and center in Europe. 0:04:10.200 --> 0:04:13.120 Prices in the UK unexpectedly searched at the fastest pace 0:04:13.240 --> 0:04:16.280 in thirty years. Consumer prices rose at an annual rate 0:04:16.279 --> 0:04:19.280 of five point four percent in December. That adds pressure 0:04:19.279 --> 0:04:21.520 to the Bank of England to raise interest rates again 0:04:21.640 --> 0:04:23.720 next month. And when it comes to the pandemic in 0:04:23.760 --> 0:04:26.320 the UK, Karen it looks like COVID restrictions could be 0:04:26.360 --> 0:04:29.359 lifted soon. Prime Minister Boris Johnson will reportedly announce the 0:04:29.400 --> 0:04:31.960 lifting of rules in England today. That's according to the 0:04:32.000 --> 0:04:34.720 Financial Times, which says work from home guidance and the 0:04:34.800 --> 0:04:38.040 use of COVID passes are expected to end all back 0:04:38.040 --> 0:04:41.280 here in the US, Nathan Bank earnings continue to rolland 0:04:41.320 --> 0:04:44.320 Bank of America and Morgan Stanley reporting results this morning, 0:04:44.320 --> 0:04:47.480 and we get a preview from Bloomberg Global Finance correspondent 0:04:47.520 --> 0:04:50.800 Shnali Bask. Most of the big banks have reported earnings 0:04:50.800 --> 0:04:53.159 and what it's shown is that trading is following below 0:04:53.200 --> 0:04:57.039 expectations and the consumer is not jumping back as fast 0:04:57.080 --> 0:04:59.800 as expected. We'll look for both of those figures today 0:04:59.839 --> 0:05:02.839 when Morgan Stanley, the biggest stock trading shop on Wall Street, 0:05:02.920 --> 0:05:06.320 reports earnings at a tough time for equities trading, and 0:05:06.400 --> 0:05:09.840 Bank of America reports earnings with a consumer and mind 0:05:10.279 --> 0:05:14.000 Um Schnelly, Bassk Bloomberg Daybreak Sally Thanks. Outside of Wall Street, 0:05:14.000 --> 0:05:16.039 airlines are in focus this morning. The roll out of 0:05:16.040 --> 0:05:19.080 five G wireless in the US is disrupting flight schedules 0:05:19.080 --> 0:05:22.080 around the world. Bloombergs Ranita Young has the latest Live 0:05:22.080 --> 0:05:25.040 Good Morning, Ranita, Good morning Nathan. Airlines fear if five 0:05:25.080 --> 0:05:28.320 G services are too close to airports they could interfere 0:05:28.320 --> 0:05:32.440 with key safety systems, so they're adjusting their schedules. British 0:05:32.480 --> 0:05:35.040 Airways has canceled a handful of flights to the US. 0:05:35.360 --> 0:05:39.799 Dubai's Immorrates is suspending routes to several US cities, including Chicago, 0:05:39.920 --> 0:05:43.479 New York, and San Francisco. In Japanese carriers are also 0:05:43.560 --> 0:05:46.520 dropping routes and will not fly some jets to and 0:05:46.640 --> 0:05:50.800 from the US. Mainland airlines are concerned about possible interference 0:05:50.839 --> 0:05:54.839 with navigation equipment that's used during landings. In poor weather, 0:05:55.400 --> 0:05:58.560 live in New York. I'm Ranita Young Bloomberg Daybreak, Ranita, 0:05:58.600 --> 0:06:00.520 thank you. At the White House. This week, big tech 0:06:00.600 --> 0:06:03.200 is in focus. The Biden administration is looking at how 0:06:03.200 --> 0:06:06.040 to reign in the nation's biggest tech companies to write 0:06:06.040 --> 0:06:10.680 partisan legislation. Any Morris says details from our Bloomberg newsroom 0:06:10.680 --> 0:06:13.760 in Washington. Sources tell Bloomberg News the White House is 0:06:13.880 --> 0:06:16.960 planning a meeting this week to discuss curbing the dominance 0:06:16.960 --> 0:06:21.000 of Apple, Amazon, Alphabet, and Meta. Critics of the tech giants, 0:06:21.000 --> 0:06:24.159 along with representatives of smaller digital firms, will be there 0:06:24.360 --> 0:06:27.719 as the White House gauges support for this antitrust measure 0:06:27.920 --> 0:06:31.279 sponsored by Senators Amy Klobascher and Chuck Grassley, but the 0:06:31.320 --> 0:06:33.840 big tech companies say that could harm their products that 0:06:33.880 --> 0:06:36.840 are popular with consumers. The bill could go before the 0:06:36.880 --> 0:06:40.400 Senate Judiciary Committee as early as tomorrow in Washington, I 0:06:40.480 --> 0:06:43.320 maybe more as Bloomberg Daybreak and on Capitol Hill, Senate 0:06:43.360 --> 0:06:46.520 Democrats have taken up voting rights legislation, but Republicans are 0:06:46.520 --> 0:06:50.360 expected to block a final vote. Democratic Congresswoman Haley Stephen 0:06:50.440 --> 0:06:53.440 says it's all about politics and that needs to change. 0:06:54.080 --> 0:06:57.760 We need seriousness back in the halls of Washington. We 0:06:57.800 --> 0:07:00.680 need connectivity to the people we represent, the issues that 0:07:00.720 --> 0:07:05.720 are important to them, and solution making Politick. Congresswoman Hayley 0:07:05.720 --> 0:07:08.720 Stephen spoke with our Washington correspondent Joe Matthew on Bloomberg 0:07:08.839 --> 0:07:11.240 Sound on It airs weekdays at five pm Eastern on 0:07:11.240 --> 0:07:14.240 Bloomberg Radio, and a rare news conference from President Biden's 0:07:14.280 --> 0:07:16.680 coming up this afternoon. We'll have that for you live 0:07:16.800 --> 0:07:24.120 later today on Bloomberg Radio and right now at six 0:07:24.160 --> 0:07:26.360 oh seven on Wall Street. Were thirty two degrees in 0:07:26.440 --> 0:07:28.840 Central Parking got an accident of the southbound to Conic 0:07:28.880 --> 0:07:31.880 at the Springbrook in Hawthorne. Details coming up in traffic. 0:07:32.000 --> 0:07:34.320 First Michael Barr with more on what's going on in 0:07:34.360 --> 0:07:36.520 New York and around the world. Good morning, Michael, Good 0:07:36.560 --> 0:07:40.880 morning Nathan. In the January six House Committee, they have 0:07:41.160 --> 0:07:45.000 moved its investigation process to Trump supporters who tried to 0:07:45.080 --> 0:07:48.800 undo the election. Bloomberg's and Baxter reports it has now 0:07:48.920 --> 0:07:53.280 chapointed attorney's Rudy Giuliani, Sidney Powell, and Jenna Ellis. They 0:07:53.280 --> 0:07:55.400 were the main focus, so the legal teams trying to 0:07:55.440 --> 0:08:00.000 get the election overturned in Giuliani's case, urging state ledge 0:08:00.000 --> 0:08:04.040 of slaters to overturn voting results and spreading this information 0:08:04.080 --> 0:08:08.040 regarding the election results themselves, then leading to the January 0:08:08.120 --> 0:08:12.080 six insurrection attempt. Committee chair Benny Thompson says, in the 0:08:12.120 --> 0:08:15.520 efforts to subvert the system, they were in direct contact 0:08:15.600 --> 0:08:19.720 with Donald Trump in San Francisco. I'm at Baxter Bloomberg Gabrie, 0:08:19.800 --> 0:08:23.080 New York's Attorney General, last a judge to order Donald 0:08:23.080 --> 0:08:26.120 Trump and two of his adult children to testify under 0:08:26.160 --> 0:08:28.880 oath as part of the state civil probe into the 0:08:28.920 --> 0:08:33.040 family real estate business. A g Letitia James has investigators 0:08:33.080 --> 0:08:37.160 have already uncovered a pattern of potential fraudulent asset valuations. 0:08:37.600 --> 0:08:39.720 A New York City Police officer was wounded in the 0:08:39.720 --> 0:08:43.239 Bronx last night while apprehending a sixteen year old suspect 0:08:43.240 --> 0:08:45.800 with a gun. Police say there was a scuffle over 0:08:45.840 --> 0:08:48.000 the gun, it went off, and both the officer and 0:08:48.040 --> 0:08:50.760 the suspect was shot in the leg. Both have non 0:08:50.840 --> 0:08:53.959 life threatening injuries and were brought to the hospital. Mayor 0:08:54.120 --> 0:08:57.000 Eric Adams at the hospital commented on a surge of 0:08:57.040 --> 0:09:00.560 gun violence in the city. One officers shot is one 0:09:00.600 --> 0:09:06.400 officer too many. One civilians shot is one civilian too many. 0:09:07.120 --> 0:09:10.000 A city must be safe. That's the promise I'm made, 0:09:10.040 --> 0:09:13.240 and that's the promise I'm going to keep. Meanwhile, Mayor 0:09:13.280 --> 0:09:16.160 Adams admits even he doesn't feel safe on the city 0:09:16.240 --> 0:09:20.080 subway system. Adams comments come after a woman was pushed 0:09:20.080 --> 0:09:22.000 to her death in front of a New York City 0:09:22.000 --> 0:09:25.600 subway train at Times Square over the weekend. The victim, 0:09:25.640 --> 0:09:28.920 forty year old Michelle Go, did volunteer work for the homeless. 0:09:29.320 --> 0:09:32.600 Go had ties to the San Francisco area individual was 0:09:32.640 --> 0:09:35.520 held there for her last night. A statement was read 0:09:35.600 --> 0:09:39.400 from Gol's family. We hope Michelle will be remembered for 0:09:39.440 --> 0:09:42.560 how she lived and not just how she died. She 0:09:42.679 --> 0:09:45.679 was a beautiful, brilliant, kind and intelligent woman who loved 0:09:45.679 --> 0:09:48.600 her family and friends, love to travel the world and 0:09:48.640 --> 0:09:52.040 to help others. The NYPD says the man accused of 0:09:52.040 --> 0:09:55.720 push and Go is homeless and emotionally disturbed. New Jersey 0:09:55.760 --> 0:09:58.000 is now seeing a decline in COVID case rates and 0:09:58.040 --> 0:10:02.360 teenak they're seeing hospitalizations draw Global News twenty four hours 0:10:02.360 --> 0:10:05.200 a day on here and on Bloomberg. Quick Take, powered 0:10:05.200 --> 0:10:07.400 by more than twenty seven hundred journalists, analysts more than 0:10:07.400 --> 0:10:10.360 a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan. 0:10:10.440 --> 0:10:17.040 Thanks Michael. Just about six ten on Wall Street time 0:10:17.080 --> 0:10:19.720 for the Bloomberg Sports Update. Here's John sta At Nathan 0:10:19.760 --> 0:10:22.199 Good without the guard. Knicks trailed the Timberwolves by twelve 0:10:22.240 --> 0:10:24.800 and the first half big forty point third quarter led 0:10:24.800 --> 0:10:26.800 by Heavan four Yays three point shooting, the Knicks went 0:10:26.880 --> 0:10:29.600 up by nine. Minnesota then failed by one in the 0:10:29.640 --> 0:10:33.040 final minute down t als past Towns. Top of the 0:10:33.080 --> 0:10:35.679 key guess Julius Randol takes the trouble left handed down 0:10:35.720 --> 0:10:39.400 the laid up off last counted for two Towns puts 0:10:39.400 --> 0:10:41.959 the Wolves up one ten one oh nine, which twenty 0:10:42.040 --> 0:10:45.400 nine point three seconds left. Those Radio Fourgnja and Alley 0:10:45.480 --> 0:10:48.679 Birks miss shots on the next final possession in Minnesota 0:10:48.760 --> 0:10:51.160 won one twelve to one ten. So two home losses 0:10:51.160 --> 0:10:53.640 in two days drops the Knicks back under five hundred 0:10:53.840 --> 0:10:56.720 four years, going twenty seven points. Julius Randall at twenty 0:10:56.760 --> 0:11:00.280 one nine rebounds, nine assists, four block shots. Kemba Walker 0:11:00.320 --> 0:11:02.280 returned after missing nine games with a knee injury. He 0:11:02.360 --> 0:11:04.760 got hot in the fourth quarter finish with nineteen. It 0:11:04.840 --> 0:11:06.600 was not a great game for r J. Barrett has 0:11:06.640 --> 0:11:09.880 seven turnovers. The Islanders won only five of their first 0:11:09.880 --> 0:11:12.120 twenty games. They've won five of their last six. They've 0:11:12.120 --> 0:11:14.199 reached five hundred or fourth three win a Philadelphia to 0:11:14.200 --> 0:11:16.600 sweep the home and home the Flyers ninth loss in 0:11:16.600 --> 0:11:18.920 a row. The game went to a shootout. There were 0:11:19.000 --> 0:11:23.280 seventeen consecutive misses the four Oliver Walstrom in the ninth 0:11:23.320 --> 0:11:26.080 rounds for the game winner for the Islanders. Rangers back 0:11:26.080 --> 0:11:28.720 home tonight for Toronto Make It. Savanta Jad won the 0:11:28.800 --> 0:11:30.720 fan vote to get to play in the All Star Game, 0:11:30.760 --> 0:11:34.720 but decided not to play personal reasons. College hoops Duke 0:11:34.840 --> 0:11:38.040 lost in overtime at Florida State, Iona won in overtime 0:11:38.080 --> 0:11:42.080 at Monmouth Now fifteen and three losses for Fordham in Manhattan. 0:11:42.120 --> 0:11:44.040 Raphael the Dad won his second round match at the 0:11:44.040 --> 0:11:47.000 Australian Open, so did the Yomi Osaka and the women's 0:11:47.040 --> 0:11:51.559 top seed at Party. John stash Aw Sports n all Right. John, 0:11:51.600 --> 0:11:54.960 thanks Futures adding to their games now with SMP futures 0:11:55.040 --> 0:11:58.520 up twelve points. Futures of seventy four nanct futures are 0:11:58.559 --> 0:12:02.880 higher by sixty three points. You're listening to Bloomberg Daybreak 0:12:07.559 --> 0:12:09.720 Bloomberg eleven three oh weather mix of sun and clouds 0:12:09.720 --> 0:12:11.920 today and a hi in your forty five degrees overnight 0:12:11.920 --> 0:12:15.960 wintrey mess. Temperatures fall through tomorrow. By Friday will only 0:12:15.960 --> 0:12:18.400 get up to the low twenties, currently thirty two degrees 0:12:18.400 --> 0:12:24.680 in Central Park. Markets, headlines and breaking news twenty four 0:12:24.679 --> 0:12:27.680 hours a day at Bloomberg dot Com, the Bloomberg Business 0:12:27.760 --> 0:12:31.400 at and at Bloomberg Quick Tape. He's a Bloomberg business 0:12:31.480 --> 0:12:41.280 lash and I'm camerin Moscow and you mustock. Index futures 0:12:41.320 --> 0:12:44.880 are on the rise this morning, after reversing earlier losses. 0:12:44.920 --> 0:12:47.240 We checked the markets every fifteen minutes throughout the trading 0:12:47.320 --> 0:12:50.120 day on Bloomberg Guess and P futures up nine points 0:12:50.200 --> 0:12:53.520 now Future is up sixty nasday futures up forty six. 0:12:53.559 --> 0:12:56.160 The decks in Germany's up three tenths of epercent, and 0:12:56.280 --> 0:12:59.320 your treasury down to thirty seconds. He had one percent 0:12:59.360 --> 0:13:01.320 they yield in the two year one point oh five 0:13:01.360 --> 0:13:03.600 per cent. Nin mex S crude oil is up one 0:13:03.600 --> 0:13:05.960 point one percent, or ninety seven cents at eighty six 0:13:06.000 --> 0:13:08.599 dollars forty cents of Barrel Comic School the third of 0:13:08.600 --> 0:13:11.199 eper cent or six dollars twenty cents. At eighteen eighteen 0:13:11.240 --> 0:13:13.920 sixty announced the euro one point one three four or 0:13:14.000 --> 0:13:16.360 five against the dollar British bound one point three six 0:13:16.360 --> 0:13:19.200 four zero, and the Yettis had won fourteen point five 0:13:19.280 --> 0:13:22.880 one bitcoin, moving lower at forty two thousand dollars. Today, 0:13:22.880 --> 0:13:25.440 we are watching for reports on housing starts and building 0:13:25.440 --> 0:13:28.120 permits out of a thirty Wall Street Time and Morgan 0:13:28.200 --> 0:13:30.599 Stanley and Bank of America are among companies schedule to 0:13:30.640 --> 0:13:33.920 report earnings today. That's a Bloomberg business flash. Now here's 0:13:33.960 --> 0:13:35.960 Michael Barr with Moore on let's go a lot around 0:13:35.960 --> 0:13:38.720 the world. Buchael Karen, thank you very much. The House 0:13:38.720 --> 0:13:42.800 Committee investigating the US Capitol, Ryan s of Peanut, Rudy Giuliani, 0:13:43.080 --> 0:13:45.720 and other members of Donald Trump's legal team who filed 0:13:45.800 --> 0:13:50.280 legal challenges to the twenty twenty election. The list includes Giuliani, 0:13:50.559 --> 0:13:54.280 Jenna Ellis, and Sydney Poem. Secretary of State Anthony B. 0:13:54.320 --> 0:13:57.520 Lincoln will meet with his Russian counterpart in Switzerland this 0:13:57.559 --> 0:14:00.720 week as tensions between the US and rush to escalate 0:14:00.960 --> 0:14:04.800 over a possible Russian invasion of Ukraine. Lincoln arrived in 0:14:04.920 --> 0:14:08.560 Kiev today to meet with President Volodamir z Lensky. In 0:14:08.600 --> 0:14:11.720 the NBA, the next loss, the Warriors one in the NHL, 0:14:11.840 --> 0:14:14.760 the Islanders wanting to shootout against the Flyers four three, 0:14:15.160 --> 0:14:18.640 the Capitol's one, the Bruins lost. Global News twenty four 0:14:18.640 --> 0:14:21.400 hours a day on here and on Bloomberg quick Take, 0:14:21.680 --> 0:14:24.960 powered by more than twenty seven under journalists and analysts 0:14:25.120 --> 0:14:27.680 in more than a hundred twenty countries. Michael bar this 0:14:28.000 --> 0:14:30.440 is Bloomberg. Nathan all right, Michael, thank you. At six 0:14:30.560 --> 0:14:33.840 nineteen on Wall Street Line from the Bloomberg Intractor Broker Studios. 0:14:33.840 --> 0:14:36.120 This is Bloomberg a daybreak. Let's get an update on 0:14:36.160 --> 0:14:37.960 the pandemic now as we continue to track the O 0:14:38.040 --> 0:14:41.400 macron variant and efforts to fight it. Dr Stewart Ray 0:14:41.560 --> 0:14:43.920 is with us this morning, Vice Chair of Medicine at 0:14:43.920 --> 0:14:47.360 the Johns Hopkins University School of Medicine. Dr. Good morning. 0:14:47.400 --> 0:14:49.120 I'd like to get an update from you on where 0:14:49.200 --> 0:14:52.160 you think the O macron pandemic is going at this 0:14:52.280 --> 0:14:56.640 point when we've seen pretty dramatic drops in cases and hospitalizations. 0:14:56.680 --> 0:14:58.920 Particularly in New York City and other parts of the 0:14:58.920 --> 0:15:02.960 Northeast over the past here, So yes, good morning. It's 0:15:03.080 --> 0:15:06.880 looking better in areas that were hit first with this wave. 0:15:07.080 --> 0:15:13.520 We're still seeing rises in hospitalizations and deaths in many areas, 0:15:13.680 --> 0:15:16.360 and we probably haven't seen the worst of it in 0:15:16.400 --> 0:15:19.600 areas that it arrived later. But I think we're definitely 0:15:19.600 --> 0:15:22.200 seeing a turn for the better in many areas. What 0:15:22.240 --> 0:15:24.600 are you looking for when it comes to how this 0:15:24.680 --> 0:15:27.600 pandemic could play out from here? Are you concerned about 0:15:27.640 --> 0:15:32.120 future variants? I am. I think that a lot of 0:15:32.160 --> 0:15:36.320 immunity has been built up through vaccination and through some infections. Obviously, 0:15:36.480 --> 0:15:38.920 the tremendous costs. We have a couple of thousand people 0:15:39.400 --> 0:15:43.760 in America dying every day from this fire. So uh, 0:15:43.840 --> 0:15:48.200 it's your costly effort. But but we're getting a level 0:15:48.240 --> 0:15:52.040 of immunity that may prevent uh future big waves of 0:15:52.240 --> 0:15:54.800 hospitalizations and deaths. We're going to have to see whether 0:15:54.840 --> 0:15:58.960 the immunity from omicron really translates to broad immunity and 0:15:59.000 --> 0:16:03.280 whether a new variant might arise from somewhere which is 0:16:03.440 --> 0:16:06.280 much different. And you know, the possibility is always there 0:16:06.320 --> 0:16:09.560 that the next one could result in spirit disease. I 0:16:09.560 --> 0:16:12.840 think the hope that everyone has is that will become 0:16:12.840 --> 0:16:16.600 milder if it evolves again. But most people have transmitted 0:16:16.640 --> 0:16:20.320 the virus before they developed severe disease, so the link 0:16:20.360 --> 0:16:24.080 between severe disease and transmission probably isn't one we can 0:16:24.080 --> 0:16:26.040 count on. I wanted to ask you a little bit 0:16:26.080 --> 0:16:31.640 more about the effect of O. Macron infection on future infection. 0:16:31.680 --> 0:16:33.680 We've gotten more studies. I think there was one just 0:16:33.800 --> 0:16:37.360 yesterday from South Africa that suggested that an O. Macron 0:16:37.480 --> 0:16:40.600 infection can protect against Delta, which I think we've seen 0:16:40.720 --> 0:16:44.000 is a much more severe strain compared to O macron. 0:16:44.160 --> 0:16:47.280 Is that a reason to for some hope that the 0:16:47.680 --> 0:16:51.840 widespread spread of O. Macron could get us closer to 0:16:51.920 --> 0:16:57.560 that endemic phase? Yes, I think that it does suggest 0:16:57.600 --> 0:17:01.160 that we're gonna have less severe disease is in the future, 0:17:01.760 --> 0:17:03.840 and people who have had the infection or who have 0:17:03.840 --> 0:17:08.560 been vaccinated. The challenges that we don't know that the 0:17:08.600 --> 0:17:12.800 next one will be similar enough, and basically we may 0:17:12.800 --> 0:17:15.240 be boxing the virus into a corner where it's next 0:17:15.240 --> 0:17:20.120 evolutionary step might require that it be energetically different enough 0:17:20.200 --> 0:17:22.840 that it can evade some of this immunity. It's really 0:17:22.880 --> 0:17:25.680 something that we're going to have to learn, and unfortunately, 0:17:25.760 --> 0:17:28.080 we have a bunch of tools available to us, like 0:17:28.280 --> 0:17:30.800 rapid testing and high quality mass and other things that 0:17:30.800 --> 0:17:34.320 can help mitigate any variant that might come along, uh 0:17:34.480 --> 0:17:37.880 if it spreads. And to that point, we got the 0:17:38.000 --> 0:17:42.200 rollout of the new free at home testing website from 0:17:42.200 --> 0:17:46.480 the Postal Service yesterday, and we're also hearing this morning 0:17:46.480 --> 0:17:48.400 that the White House is going to announce a plan 0:17:48.480 --> 0:17:52.040 to make four hundred million and ninety five masks available 0:17:52.119 --> 0:17:56.639 for free at pharmacies. What kind of impact could those 0:17:56.680 --> 0:18:00.119 steps have. Well, I'm hoping this gives some people a 0:18:00.200 --> 0:18:01.960 chance to sort of dip their toe in the water 0:18:02.160 --> 0:18:04.720 with tools that they might not have used much, or 0:18:04.760 --> 0:18:07.160 make them more available to people who really were motivated 0:18:07.200 --> 0:18:10.800 but couldn't access them. It's not enough of these things 0:18:10.840 --> 0:18:14.560 to really cover the need, but it certainly will give 0:18:14.600 --> 0:18:17.119 people a chance to try these things and get some 0:18:17.200 --> 0:18:21.800 comfort with them and prepare for any eventualities that might 0:18:21.800 --> 0:18:24.439 come up. We're all hoping that we're seeing the beginning 0:18:24.440 --> 0:18:27.600 of the end here, but it's still some risk that 0:18:27.640 --> 0:18:30.879 we'll see more trouble in the future. We're just trying 0:18:30.920 --> 0:18:33.800 to have tools in hand to manage what comes in 0:18:33.800 --> 0:18:36.320 our last minute here, doctor, how much longer do you 0:18:36.359 --> 0:18:39.120 think we're going to need to deploy these tools, these 0:18:39.160 --> 0:18:42.800 public health measures that many of us, the majority of us, 0:18:42.840 --> 0:18:46.160 I think, have been trying to put in place over 0:18:46.200 --> 0:18:50.840 the last almost two years. Now, Well, I'm hoping that 0:18:51.440 --> 0:18:53.360 within a few months we're going to have a lot 0:18:53.440 --> 0:18:56.280 less of this widespread infection and then people can begin 0:18:56.480 --> 0:19:00.840 really paying attention to local rates. And there are UH 0:19:00.920 --> 0:19:05.800 susceptibility and the susceptibly people around them, and so I'm 0:19:05.800 --> 0:19:10.240 hoping that we can begin much more targeted interventions. And 0:19:10.400 --> 0:19:13.479 endemic phase doesn't mean it won't cause a lot of 0:19:13.880 --> 0:19:18.240 UH death and illness. It just means that it will 0:19:18.280 --> 0:19:20.520 become a more predictable pattern. I'm hoping that we can 0:19:20.600 --> 0:19:23.439 use these tools to really lower that rate during endemic 0:19:23.440 --> 0:19:27.280 phase two, low levels of complications for people just quickly. 0:19:27.280 --> 0:19:31.200 Do you think it could happen this year with what 0:19:32.119 --> 0:19:35.600 the return to an endemic phase or move to an 0:19:35.640 --> 0:19:38.600 endemic phase at least, Well, I think it could become 0:19:38.680 --> 0:19:40.680 more predictublar this year, but then we could have outbreaks. 0:19:40.680 --> 0:19:43.400 It's like influenza at that point where a new genetic 0:19:43.560 --> 0:19:47.040 change could cause disruption. All right, thanks as always, Dr 0:19:47.080 --> 0:19:50.080 Stewart Ray the Johns Hopkins University School of Medicine with 0:19:50.240 --> 0:19:53.639 us this morning, Stay with us. Just ahead on Bloomberg Daybreak, 0:19:53.640 --> 0:19:55.919 We're going to get more on the market, sed bets 0:19:56.119 --> 0:19:58.800 and airlines, grappling with the five G roll out as 0:19:58.800 --> 0:20:01.480 we check the five things need to know to start 0:20:01.520 --> 0:20:09.080 your day. This is Bloomberg and Bloomberg Daybreak is brought 0:20:09.080 --> 0:20:11.240 to you by Audie. Don't let someone else drive off 0:20:11.240 --> 0:20:13.359 in the outie model. You've always wanted to visit a 0:20:13.440 --> 0:20:16.719 tri state autie dealer to get behind the wheel of yours. 0:20:17.160 --> 0:20:26.119 Today broadcasting live from the Bloomberg Interactive Broker Studio in 0:20:26.160 --> 0:20:29.880 New York, Bloomberg Eving Freed to Washington, d C, Bloomberg 0:20:30.880 --> 0:20:34.080 to Boston, Bloomberg one on six one to San Francisco, 0:20:34.160 --> 0:20:37.880 Bloomberg SIXT to the country, Sirius XM to one nine, 0:20:38.240 --> 0:20:41.400 and around the globe the Bloomberg Business app and Bloomberg 0:20:41.480 --> 0:20:50.840 Radio dot Com. This is Bloomberg Daybreak. It's six thirty 0:20:50.840 --> 0:20:53.360 on Wall Street. Good morning. I'm Nathan Hager and I'm 0:20:53.400 --> 0:20:56.520 Cameron Moscow. I've we're just about three hours away from 0:20:56.520 --> 0:20:59.119 the open of US trading. Time for the five things 0:20:59.160 --> 0:21:01.600 you need to notice start your day. Brought to you 0:21:01.640 --> 0:21:05.120 by Interactive Broker's i v k R charges margin loan 0:21:05.280 --> 0:21:07.920 rates from zero point seven five percent to one point 0:21:07.920 --> 0:21:10.880 five nine percent rates subject to change. Learn more at 0:21:10.880 --> 0:21:14.600 ib k r dot com slash compare Up. First, it's 0:21:14.640 --> 0:21:17.439 all about the markets this morning. Stock future is falling 0:21:17.480 --> 0:21:20.800 sharply overnight, but they're now rebounding. We get the latest 0:21:20.800 --> 0:21:23.520 to live with the Bloomberg's John Tucker, John, Good Morning, 0:21:23.560 --> 0:21:26.240 Good morning, Karen Bench. Where treasury yields look points to 0:21:26.359 --> 0:21:29.800 surge past two percent, traders are petting the Federal Reserve 0:21:29.880 --> 0:21:33.359 could go for a supersized rate hike in March. Higher 0:21:33.480 --> 0:21:37.160 yields waging on stocks, especially tech stocks lately, but as 0:21:37.240 --> 0:21:40.679 that down almost ten percent from its November high, that 0:21:40.760 --> 0:21:43.560 would be a correction. Now, Investors still wondering if the 0:21:43.560 --> 0:21:46.359 sell off has gone too far. Overnight then as a 0:21:46.520 --> 0:21:49.040 futures fell as much as one percent and now they're 0:21:49.160 --> 0:21:52.560 up eighteen points. Live in New York on John Tucker 0:21:52.800 --> 0:21:55.640 Bloomberg Day Break and John. Investors will also be paying 0:21:55.640 --> 0:21:58.240 close attention to bank earnings. Morgan Stanley and Bank of 0:21:58.280 --> 0:22:01.639 America report before the opening bell after disappointing trading results 0:22:01.720 --> 0:22:05.159 yesterday from Goldman Sachs. Looking to the skies now, Nathan, 0:22:05.200 --> 0:22:07.720 the rollout of five G wireless service in the US 0:22:07.880 --> 0:22:10.800 is disrupting airline flight schedules around the world. May get 0:22:10.840 --> 0:22:13.760 the latest line from Bloomberg's Granda Young. Good Morning, Ready down, 0:22:13.760 --> 0:22:16.720