Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for a Thursday, March seventeen two. Coming up
Speaker 1: this hour, the House nears legislation to remove Russia's Most
Speaker 1: Favored Nation trade status. The bond and stock markets react
Speaker 1: differently to the fits interest rate liftoff. The Bank of
Speaker 1: England set to raise rates this morning, and stocks in
Speaker 1: Asia search for a second straight day. New York expands
Speaker 1: workplace harassment protection for all public employees. Plus preparations continue
Speaker 1: for today's St. Patrick's Day parade in Manhattan. I'm Michael
Speaker 1: bar More Ahead, I'm trying stash shower and sports. Easy
Speaker 1: win for the nick Nets, loss at the Buzzer ruttors
Speaker 1: in the n C, double days lost in double overtime.
Speaker 1: That's all straight ahead on Bloomberg day Break on Bloomberg
Speaker 1: Element Trio, New York, Bloomberg one, Washington, d C, Bloomberg
Speaker 1: one O six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: Sirius x M one nineteen and around the world. Old
Speaker 1: on Bloomberg Radio dot Com and via The Bloomberg Business.
Speaker 1: Good morning. I'm Nathan Hagar, and I'm Cameron Moscow and
Speaker 1: US Dock index futures are lower this morning and extending
Speaker 1: their declines. Were coming up to six o one on
Speaker 1: Wall Street, and we check the markets every fifteen minutes
Speaker 1: throughout the trading day. On Bloomberg. Right now, SMP futures
Speaker 1: are down twenty three points down, futures down a hundred
Speaker 1: sixty two, NASDAG futures down eight. The decks in Germany
Speaker 1: is down one percent, the ten year treasury up twenty
Speaker 1: thirty seconds, the yel two point one one percent, they
Speaker 1: yield on the two year one point nine one percent,
Speaker 1: and the euros at one point one zero three three
Speaker 1: against the dollar. Nathan, all right, Karen, we begin with
Speaker 1: the latest developments on the war, including this red headline
Speaker 1: that just crossed the Bloomberg terminal. The Kremlin says reports
Speaker 1: of major progress in Ukraine talks are wrong. Group of
Speaker 1: seven foreign ministers are meeting virtually today to discuss the crisis,
Speaker 1: as Ukrainian President Voladimir Zelinski addresses the lower house of
Speaker 1: the German parliament. All this as Russian strikes continue you
Speaker 1: on infrastructure sites. The Ukrainian military says a Russian plane
Speaker 1: bomba theater were hundreds for sheltering. Bloomberg's Ed Baxter has
Speaker 1: that story. This adding to the concern about Russia purposely
Speaker 1: bombing civilians. The max Are satellite firm collected images showing
Speaker 1: the word children in writing in white letters in front
Speaker 1: of and behind the theater. Meanwhile, President Joe Biden has
Speaker 1: promised new munitions to Ukraine. We have identified and are
Speaker 1: helping Ukraine acquire additional longer range and aircraft systems, along
Speaker 1: with shoulder rockets, stinger and javelin launchers, twenty million rounds
Speaker 1: of AMMO, and one hundred diving switch blade drones in
Speaker 1: San Francisco, I'm at Baxter, Bloomberg Daybreak. All right, and
Speaker 1: thank you and all. President Biden has offered eight hundred
Speaker 1: million dollars worth of new weaponry to Ukraine. He also
Speaker 1: branded Russian President Vladimir Putin a war criminal. Later today,
Speaker 1: House lawmakers are set to revoke normal trade relations with Russia.
Speaker 1: Amy Morris has the latest from our Bloomberg nine newsroom
Speaker 1: in Washington. Removing Russia's most Favored Nation trade status allows
Speaker 1: the US to impose higher tariffs on Russian goods, sources
Speaker 1: tell Bloomberg News. It also expands the Magnitsky Act, opening
Speaker 1: up the possibility of more sanctions on Russian officials for
Speaker 1: human rights violations. It would take Congress and the President
Speaker 1: together to re establish any trade relationship with Russia. House
Speaker 1: majority leaders Denny Hawyer says the vote will come later today,
Speaker 1: putting Russia in the same category as Cuba and North
Speaker 1: Korea in Washington. I'm maybe more as Bloomberg daybreak. All right, Amy,
Speaker 1: thank you. In a chilling thread, Vladimir putinist warning he
Speaker 1: will cleanse Russia of traitors, but any people, and even
Speaker 1: more so, the Russian people will always be able to
Speaker 1: distinguish true patriots from scum and traders and simply spit
Speaker 1: them out like a fly that accidentally flew into the mouth,
Speaker 1: spit them out. I am convinced that such a natural
Speaker 1: and necessary cleansing of society will only strengthen our country.
Speaker 1: Phud And accused the West of wanting to destroy Russia,
Speaker 1: and this morning, Russia's finance ministry set a one seventeen
Speaker 1: million dollar interest payment due on two dollar bonds had
Speaker 1: been made to City Bank in London. Well, Nathan, and
Speaker 1: then their major story that we're watching this morning is
Speaker 1: a continued reaction to the FEDS and liftoff on interest
Speaker 1: rates and Bloomberg. John Tucker joins us Live with the latest, John, Karen,
Speaker 1: Stock and bonding investors had completely different reactions to the
Speaker 1: feds quarter point rate increase, stocks rallied bonds sold off.
Speaker 1: The five ten year treasury yield curve inverted for the
Speaker 1: first time since early That's a recessionary signal. At Guggenheim
Speaker 1: Partners Chief investment Officers, Scott Monored isn't all that impressed
Speaker 1: with how the FED is tackling inflation. I think that
Speaker 1: the FED has largely abandoned monetary orthodoxy. It's trying to
Speaker 1: be too cute in how it's it's managing this. Guggenheim
Speaker 1: Scott Monored says they are in an inflation panic. The
Speaker 1: Central Bank also published forecasts with the authorities various official
Speaker 1: of the so called Dan plot that indicated a steeper
Speaker 1: hiking path than before. Live in New York. I'm John Tucker,
Speaker 1: Bloomberg debris, Thank you, John. Interest rates are also in
Speaker 1: focus in Europe. Let's get that story Live with Bloomberg's
Speaker 1: You and Parts. Good Morning, Good morning, Nathan and Karen.
Speaker 1: The Bank of England was the first major central bank
Speaker 1: the Tyson policy after the pandemic, and today committee members
Speaker 1: look all but certain to high rates for a third
Speaker 1: successive time. If they do, that would take the UK
Speaker 1: benchmark back to its pre COVID level as the bank
Speaker 1: battles soaring inflation. That decision at eight a m. Eastern Time,
Speaker 1: Live in London. I'm you and part's been big daybreak,
Speaker 1: Thank you and thank you all. Turning to the markets now,
Speaker 1: starks in Asia jumped once again on a surge in
Speaker 1: Chinese technology shares. We get the recap from Bloomberg's JULIETT.
Speaker 1: Sally and Singapore. Good morning, Juliet, Good morning, Nathan and Karen.
Speaker 1: China's effort to stabilize market saw the Hang Saying Index
Speaker 1: post it's best two day games since the Hang Saying
Speaker 1: Tech Index added to Wednesday's dizzy and twenty two percent game. However,
Speaker 1: the index is still down more than fifty pc from
Speaker 1: its February one peak, owing to a year long crackdown
Speaker 1: on the sect um. The lift in Hong Kong and
Speaker 1: Chinese equities or the m s c I Asia Pacific
Speaker 1: Index rise over three percent, and the yan Hovadna six
Speaker 1: l boosting the K two to five by three and
Speaker 1: a half percent. That was its best to day games
Speaker 1: since April. In Singapore, Juliette Sally Bloomberg day break, All right, Juliette,
Speaker 1: thank you not Despite the recent pullback, one Wall Street
Speaker 1: firm says oil prices are heading a lot higher. Let's
Speaker 1: get that storyline from Bloomberg's Rnita Young. Good morning, Nita,
Speaker 1: Good morning, Nathan. Morgan Stanley is raising its Brent oil
Speaker 1: price forecast for the third quarter from a hundred dollars
Speaker 1: to a hundred twenty dollars a barrel. Analysts there are
Speaker 1: citing tighter supply demand balances worldwide. Morgan Stanley says the
Speaker 1: US import band and self sanctioning in Europe mean Russian
Speaker 1: crewde production will drop by one million barrels a day,
Speaker 1: which will be visible from April onwards. Analysts are raising
Speaker 1: their estimate for three from nine five dollars to a
Speaker 1: hundred dollars of barrel. Live in New York, I'm reneed
Speaker 1: a Young Bloomberg Daybreak, need to thanks right now, nymex
Speaker 1: Crud's flirting with a hundred dollars of barrel trading at
Speaker 1: ninety four cents brent is at a hundred two dollars
Speaker 1: sixty five. Straight ahead your latest local headlines in a
Speaker 1: check of sports. This is Bloomberg and it's now six
Speaker 1: o seven on Wall Streets. Still dealing with some fog
Speaker 1: this morning, forty five degrees in Central Park. You got
Speaker 1: in an accident on the north bound Deagan at Yankee Stadium.
Speaker 1: Michael Bars here with more on what's going on in
Speaker 1: New York and around the world. Good morning, Michael, Good
Speaker 1: morning Nathan St. Patrick's Day. Celebrations in New York City
Speaker 1: and across the country are back after a two year hiatus.
Speaker 1: New York's Parade, the nation's largest and oldest, will go
Speaker 1: up Fifth Avenue, starting around eleven am. New York Mayor
Speaker 1: Eric Adams says today you can call him Oh Adams.
Speaker 1: We said it in the spirit of the Irish Americans
Speaker 1: who played a major role in this city. Built in
Speaker 1: a Brooklyn Bridge, our mt A system, law enforcement. You
Speaker 1: look at the success of New York, you see the
Speaker 1: Irish contribution to it, and you should be proud to
Speaker 1: be Irish today and proud to be New Yorker is
Speaker 1: and proud to be America's Mayor. Adam says in The
Speaker 1: parade was canceled as the virus hit the U S.
Speaker 1: White House Medical Advisor Dr Anthony Founci says Americans need
Speaker 1: to be ready to respond to another potential COVID surge
Speaker 1: if one occurs. Dr Faunci says older individuals may need
Speaker 1: another vaccine booster. I don't think there's any doubt that
Speaker 1: sooner or later, particularly among the elderly, who have less
Speaker 1: of a robust immune response than a normal younger population,
Speaker 1: that sooner or later they will need a boost of
Speaker 1: a fourth shot. Dr Faunci has more than a thousand
Speaker 1: people a day are still dying of COVID in the US.
Speaker 1: It looks like the pandemic has led to the closing
Speaker 1: of the nine eleven You Museum in Lower Manhattan, according
Speaker 1: to The Wall Street Journal. Museum officials say it will
Speaker 1: be likely closed permanently after running up too much debt.
Speaker 1: The Tribute Museum, with a staff of ten, was designed
Speaker 1: to serve the survivor community, while the nearby, better known
Speaker 1: National September eleventh Memorial Museum honors those lost in the attack.
Speaker 1: New York has expanded workplace harassment protection for all public
Speaker 1: employees and has banned the release of anyone's employment records
Speaker 1: in retaliation for speaking up about alleged abuse. Actor Jesse
Speaker 1: small Lett has been released from jail in Chicago after
Speaker 1: an appeals court agreed with his lawyers that he should
Speaker 1: be free pending the appeal of his conviction for lying
Speaker 1: to police about a racist and homophobic attack. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more than twenty seven undred journalist
Speaker 1: and analyst and more than a hundred twenty countries. I'm
Speaker 1: Michael bar This is Bloomberg, Nathan. Thank you, Michael. Six
Speaker 1: on nine on Wall Street time for the Bloomberg Sports
Speaker 1: Update with John Stownshire and Nathan. The n C Double
Speaker 1: A Tournament. It begins in earnest. Today was sixteen game
Speaker 1: six team more tomorrow. By the late last night Dayton, Ohio,
Speaker 1: Notre Dame coach Mike Bray suggested there will not be
Speaker 1: a game in the attorney better than the one his
Speaker 1: team that had just won. At the first four Notre
Speaker 1: Dame eighty nine Rutgers eight seven double overtime, both team
Speaker 1: shot over fifty. Paul Atkinson won it for the putback
Speaker 1: with one second left. It came just after midnight, so
Speaker 1: technically the Irish won the game. On St. Patrick's Day,
Speaker 1: Iona lost its first round in I T game at
Speaker 1: Florida seventy nine seventy four easy win for the Knicks
Speaker 1: at the Garden over a Portland team that started three
Speaker 1: guys who weren't even drafted r J. Barrett's forty one
Speaker 1: Nets and MAV's in Brooklyn, Dadalls had the ball trailing
Speaker 1: by one by the donches. She saw that left side
Speaker 1: as he crosses the front court with five up to
Speaker 1: the top with three donches with two gives it up
Speaker 1: to Tin Witty for three of the winn and he
Speaker 1: ferries it. The former Net comes back and spend sir
Speaker 1: ten winning on a game winning three. The Mavericks have
Speaker 1: defeated the Nets one thirteen to one. Ale love ITSPN.
Speaker 1: They called Luke at domps as thirty seven points for Dallas.
Speaker 1: That was lost at Calgary six three Rangers, who on
Speaker 1: the trade with Florida, the team with the best record
Speaker 1: the East, set the draft pick to the Fanthers for
Speaker 1: Frank be Toronto gets traded a day after he scored
Speaker 1: the time and winning goals for the Fanthers. Freddie Freeman
Speaker 1: a fixture for eleven years at first base for the Braves,
Speaker 1: big part in winning the World Series last Wall, but
Speaker 1: now he's a Dodger six years, hundred sixty two million.
Speaker 1: The Dodgers now have four m vps on their roster,
Speaker 1: with Freeman joining Clayton Kirschuk, Woody Bellinger at Lookey Beats,
Speaker 1: John stash Award Bloomberg Sports Okay, John, thank you. Futures
Speaker 1: moving lower, SMP futures downtown twenty eight points, Staff futures
Speaker 1: down a hundred eighty NASTAC futures onto decline by a
Speaker 1: hundred eight points. The tenure treasury is now up twenty
Speaker 1: one thirty seconds, the yield two point one one per cent.
Speaker 1: The Kremlin now says a report of major progress in
Speaker 1: talks with Ukraine is wrong. Well the details next from
Speaker 1: Bloomberg's Rosalind Matheson. You're listening to Bloomberg, Dame Ring Bloomberg
Speaker 1: eleven three oh Weather areas of fog this morning, showers
Speaker 1: likely this afternoon, mid fifties for highs Sunshine tomorrow with
Speaker 1: a high in your seventy. Occasional rain low sixties for Saturday.
Speaker 1: Right now, fogg forty five degrees in Central Park. Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, The Bloomberg Business and at Bloomberg Quick Take.
Speaker 1: He's a Bloomberg Business Flash and I'm Karen Moscow. US
Speaker 1: dot Index futures are moving lower this morning, and stocks
Speaker 1: in Europe are as well. We check the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg s and
Speaker 1: P futures down twenty four points down, futures down one
Speaker 1: fifty seven, and NASDAG futures down ninety two. Traders are
Speaker 1: digesting the federal reserves view that a robust US economy
Speaker 1: can weather the campaign against high inflation. The decks in
Speaker 1: Germany is down nine tenths of upper cent. The ten
Speaker 1: year treasury of two thirty seconds l two point one
Speaker 1: zero percent yield on the two year one point nine
Speaker 1: zero percent. Nine X scret oil is up more than
Speaker 1: four and a half percent of four dollars thirty eight
Speaker 1: cents at ninety nine dollars forty three cents of barrel.
Speaker 1: Comic schooled up about one point nine percent, or thirty
Speaker 1: five dollars forty cents. In nineteen thirty announced the euro
Speaker 1: one point one zero three five against a dollar British
Speaker 1: pound one point three one seven zero begins at one
Speaker 1: eighteen point five seven and Bitcoin this morning is down
Speaker 1: one point four percent at forty thousand, six hundred to
Speaker 1: sixty eight dollars. That's a Bloomberg business flash. Now here's
Speaker 1: Michael Barr with more unless going on around the world.
Speaker 1: Mchael Karen, thank you very much. Russian artillery destroyed a
Speaker 1: school and a community centered New York, Arkiev today. Yesterday
Speaker 1: an air strike ripped the part of theater where hundreds
Speaker 1: of people have been taken shelter in Mariupo. China has
Speaker 1: a firm Ukraine's friendship. China's Foreign Ministry endorsed its ambassador's
Speaker 1: comments promising Beijing would never attack Ukraine. New data released
Speaker 1: by the Census Bureau shows the US grew wealthier, better educated,
Speaker 1: and poverty declined during the second half of the last decade.
Speaker 1: Today the boss will be yelling, are you filling out
Speaker 1: your bracket instead of working? No. Today's start of the
Speaker 1: n C Double A men's college basketball tournament begins in
Speaker 1: earnest I know you got yours done days ago. Yeah.
Speaker 1: In the playing games yesterday, Right State and Notre Dame
Speaker 1: advanced NBA at Nicks one, Nets and Wizards and Laws,
Speaker 1: Celtics beat the Warriors, NHL, the Devil's and Bruins lost.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: I'm Michael bar This is Bloomberg. All right, Michael, thank
Speaker 1: you for coming up to six twenty on Wall Street
Speaker 1: Life from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak,
Speaker 1: and Rosalind Matheson is with us this morning, Bloomberg News
Speaker 1: Executive editor for International Government. As we continue following fast
Speaker 1: moving headlines on the war in Ukraine, including this latest
Speaker 1: ras the Kremlin now saying that reports of major progress
Speaker 1: on talks with Ukraine are wrong. Give us a little
Speaker 1: bit more. What more is there is the Kremlin saying
Speaker 1: this morning, Well, it's interesting that they've come out so
Speaker 1: publicly to say that today. Of course, yesterday they did
Speaker 1: say that they were optimistic, there were some signs of progress,
Speaker 1: but even on the Russia side there were very cautious,
Speaker 1: saying large obstacles remained. There were significant differences, for example,
Speaker 1: about how you qualify a question of neutrality for Ukraine
Speaker 1: and indicating they weren't yet near a deal. Of course,
Speaker 1: the Ukraine side has been saying very much the same. However,
Speaker 1: there were reports overnight that quite significant progress had been made,
Speaker 1: in a fact, a deal might be imminent. So you're
Speaker 1: seeing Russia come out publicly today to say, actually that's
Speaker 1: not the case. There of course degrees of progress that
Speaker 1: are occurring here, but we're nowhere near the point where
Speaker 1: we can say that significant progress is being made. Of course,
Speaker 1: these talks happening pretty much every day between officials by
Speaker 1: a video conference, but they're really focusing on bit by bit.
Speaker 1: The first step here is a more protracted cease fire,
Speaker 1: potentially for forty eight hours or something, to allow people
Speaker 1: to evacuate other parts of Ukraine, let alone getting to
Speaker 1: some kind of multi point peace still that would allow
Speaker 1: the conflict to to finish completely. So even Russia at
Speaker 1: this side saying publicly things are nowhere near resolved here
Speaker 1: and this conflict indeed will go on. It's possibly also
Speaker 1: a reflection of the Russian president coming out yesterday again
Speaker 1: publicly on television and saying I am committed to winning
Speaker 1: this war. I'm going to see my plans through. And
Speaker 1: certainly you don't want a narrative coming from Russia to
Speaker 1: the to the counter of that, especially when the president
Speaker 1: himself is saying it. Yeah, we've heard some really strong words,
Speaker 1: I think from just about all the leaders involved in
Speaker 1: this conflict, from Russian President Putin saying the country is
Speaker 1: going to be cleared of scum and traders, to US
Speaker 1: President Joe Biden branding Putin a war criminal. I mean,
Speaker 1: where does this set things up for these ongoing negotiations, which,
Speaker 1: as you mentioned, we are expecting another round of talks today. Well,
Speaker 1: the key thing here really is at what point those
Speaker 1: talks go below beyond sort of which is sort of
Speaker 1: fairly low level of officials to small senior ministers, but
Speaker 1: particularly at some point the leaders need to come in
Speaker 1: That Ukrainian president has said repeatedly the only way to
Speaker 1: resolve this conflict, to get agreement is leader to leader,
Speaker 1: which means the Russian president needs to talk with him directly,
Speaker 1: and so far, Vladimir Putin has made it clear that
Speaker 1: he doesn't intend to do so. He's not engaged at all.
Speaker 1: Until you get that kind of level of interaction where
Speaker 1: leaders can effectively sign off on a deal directly and agree.
Speaker 1: At that kind of level, it's very hard to see
Speaker 1: how we get progress towards it um And given the retoric,
Speaker 1: of course that you're seeing that the Russian president says
Speaker 1: about Ukraine and the Ukrainian president says in turn about
Speaker 1: the Russian president, how you get them to even speak
Speaker 1: on the phone in a way that could be productive
Speaker 1: towards an agreement is also quite deficult to see, because
Speaker 1: they're all saying very very strong things about each other.
Speaker 1: But it will at some point possibly take that to
Speaker 1: get us over the line to a deal. In the meantime,
Speaker 1: while Ukraine's president has been waiting for those face to
Speaker 1: face talks with a lot of imprudent he's been addressing
Speaker 1: houses of parliament around the world. Yesterday, he spoke virtually
Speaker 1: to the US Congress. This morning, he's been giving an
Speaker 1: address to Germany's lower house of Parliament. What kind of
Speaker 1: impact is that having. We can see a very strong
Speaker 1: message coming from him consistently in all these speeches who's
Speaker 1: been giving to parliaments around the world, and that is
Speaker 1: to really advocate for the cause of Ukraine um and
Speaker 1: to plead for even more help that than has come in,
Speaker 1: especially on the military side. He's grateful for the weapons
Speaker 1: that have come Certainly the Ain't anti tank missiles have
Speaker 1: been extremely important in allowing Ukraine to defend itself, but
Speaker 1: he also expresses a lot of frustration, saying he really
Speaker 1: needs countries to do a lot more. In the end,
Speaker 1: it is only Ukrainian truth fighting Russia on the ground,
Speaker 1: and he does sort of talk about the responsibility he
Speaker 1: sees of other nations in Europe, in the US and
Speaker 1: elsewhere to do more. He repeats his calls for fighter jets,
Speaker 1: for no fly zones over Ukraine, all of which are
Speaker 1: incredibly difficult, of course, because they risk a broader conflict.
Speaker 1: You're going to bring NATO in total proximity with Russian forces.
Speaker 1: But that's his message is very much thank you for
Speaker 1: what you're doing. We're grateful for it, but we're still
Speaker 1: essentially fighting a war our celts on the ground, and
Speaker 1: unless you do more, at some point this fight may
Speaker 1: come to you. Bloomberg's Rosalind Matheson, our executive editor for
Speaker 1: International Government, as always, thank you for keeping us up
Speaker 1: to speed on all that's happening in the war in
Speaker 1: Ukraine as we monitor the market reaction. Futures moving lower
Speaker 1: U following those comments from the Kremlin spokesman that reports
Speaker 1: of major progress in talks with Ukraine are wrong. SMP
Speaker 1: futures are now down fifteen points, the futures down n
Speaker 1: NASDAK futures lower by sixty five points. Tain your treasury
Speaker 1: is up nineteen thirty seconds. The yell two point one
Speaker 1: one percent, and Bloomberg Daybreak is brought to you by
Speaker 1: the Jewish Communal Fund to j c f's Donor Advice
Speaker 1: Fund is the smart choice to manage your philanthropy, especially
Speaker 1: in times of crisis. Make your giving impactful. Visit j
Speaker 1: c F n Y dot org. Broadcasting live from the
Speaker 1: Bloomberg Interactive Broker Studio in New York, Bloomberg E Living
Speaker 1: Freed to Washington, d C, Bloomberg nine one to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg nine
Speaker 1: sixteen to the Country Sirius XM to A one ninet
Speaker 1: and around the globe the Bloomberg Business app in Bloomberg
Speaker 1: Radio dot com. This is Bloomberg Daybreak and at six
Speaker 1: thirty on Wall Street. Good morning, I'm Nathan Haggard and
Speaker 1: I'm Karen Moscow. We are just about three hours away
Speaker 1: from the open of US trading. Time for the five
Speaker 1: things you need to know to start your day, Bronti
Speaker 1: you buy Interactive Brokers Simple ib k our Global Trader app,
Speaker 1: deposit in your local currency, and trade stocks in the US,
Speaker 1: Europe and Asia. Start your free trial at ib k
Speaker 1: r dot com Slash Global Trader up first. The Kremlin
Speaker 1: spokesperson says reports of major progress in Ukraine negotiations are wrong,
Speaker 1: but says more talks with Ukraine are expected today. Meantime,
Speaker 1: careing Ukrainian officials are demanding a ceasefire as Russia's invasion continues. Yesterday,
Speaker 1: President Joe Biden announced the US is offering eight hundred
Speaker 1: million dollars worth of new weaponry to Ukraine. The American
Speaker 1: people will be steadfast and our support of the people
Speaker 1: of Ukraine in the face of Pudent's im moral and
Speaker 1: ethical attacks on civilian populations. Where are united in our
Speaker 1: abhorrence of Pudens depraved onslaught, and We're going to continue
Speaker 1: to have their backs as they fight for their freedom,
Speaker 1: their Democracy their very survival. President Biden also called Russia's
Speaker 1: president Vladimir Putin a war criminal. On Capitol Hill. The
Speaker 1: House votes today to revoke Russia's most favorite nation trade status. Meanwhile, Nathan,
Speaker 1: Russia announced it made a one d seventeen million dollar
Speaker 1: interest payment due on two dollar bonds to City Bank
Speaker 1: in London, but did not comment on if it was credited.
Speaker 1: Russia could renege on its obligations to foreign creditors for
Speaker 1: the first time since nineteen eighteen. Turned to market. Stock
Speaker 1: and bond investors reacted differently to the feds quarter point
Speaker 1: rate hike. Bloomberg's John Tucker joins US Live with that,
Speaker 1: John Nathan, stocks, rallied bonds sold off. Five year treasury
Speaker 1: yields surged above ten year yields. That's an inversion that
Speaker 1: could signal recession ahead. The FED officials forecast indicated a
Speaker 1: steeper path of interest rates than before, and that's leading
Speaker 1: some to suggest the central Bank is in an inflation panic.
Speaker 1: On the swaps markets now betting seven or eight hikes
Speaker 1: for this year in New York, I'm John Tucker, Bloomberg Daybreak.
Speaker 1: All right, John, thank you about despite the recent poemback
Speaker 1: one Wall Street firm says oil prices are heading higher,
Speaker 1: and we get the latest live with Bloomberg's re Needy Young.
Speaker 1: Good morning, Ready to good morning. Karen Morgan Stanley is
Speaker 1: raising its Brent oil price forecast for the third order
Speaker 1: from a hundred dollars to a hundred twenty dollars of barrel.
Speaker 1: Analysts site tighter supply demand balances worldwide. Morgan Stanley says
Speaker 1: the US import ban and self sanctioning in Europe I
Speaker 1: mean Russian crude production will drop by one million barrels
Speaker 1: a day, which will be visible from April onwards. Analysts
Speaker 1: raise their three estimate from nine dollars to a hundred
Speaker 1: dollars of barrel. Live in New York. I'm Ranita Young,
Speaker 1: Bloomberg daybreak. All right, we need to thank you, and
Speaker 1: that's the five things you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers, and this is Bloomberg.
Speaker 1: Thanks Karen sixe on Wall Street. Fog forty five degrees
Speaker 1: in Central Park. We got an accident in Hillside at
Speaker 1: eastbound Root twenty two at Blois Street, and Michael barrs
Speaker 1: here with what else is going on in New York
Speaker 1: and around the world. Good morning Michael, Good morning Nathan.
Speaker 1: New York. St. Patrick's Day Parade is back in Manhattan.
Speaker 1: He was canceled in twenty because of the pandemic. Last
Speaker 1: year was a scaled down version, but this year feth
Speaker 1: Avenue will be packed with marches. New York Mayor Eric
Speaker 1: Adams it means so much to all of us to
Speaker 1: see this pit parade a return. When it's paused, we
Speaker 1: knew we will be back. Mayor Adams says. The parade
Speaker 1: will begin at eleven a m. New York Governor Cathy
Speaker 1: Hocal signed legislation expanding the state's anti retaliation protections where
Speaker 1: people filing discrimination and sexual harassment claims. The law effective
Speaker 1: immediately makes the public release of an employee's personnel records
Speaker 1: grounds for retaliation claim. New details about that horrific head
Speaker 1: On Highway crash in West Texas. Nine people were killed,
Speaker 1: including six New Mexico College students and their golf coach
Speaker 1: returning from a tournament. To Other students are in the hospital.
Speaker 1: The driver of the other vehicle and a thirteen year
Speaker 1: old passenger were also killed. Eric Weiss with the NTSB
Speaker 1: says the crash was a quote high energy event. It
Speaker 1: was a seventy five speed limit um, so that's the
Speaker 1: information we have on speed. We don't have the exact
Speaker 1: speed of the vehicles. Also, investigators will try to termine
Speaker 1: that it's believed the pickups werved into the van carrying
Speaker 1: the golf team. According to the NTSB zeric Weiss, two
Speaker 1: British citizens who had been jailed in around for more
Speaker 1: than five years have returned to Britain after the UK
Speaker 1: settled a decade's old debt to a run. A third
Speaker 1: detainee was furloughed as part of the same deal. Actor
Speaker 1: Jesse's small Lett was released from the Chicago jail. An
Speaker 1: appeals court says he can be free while he appeals
Speaker 1: his conviction for lying about being the victim of a
Speaker 1: racist and homophobic attack. Molett's attorney, ninya Uch criticized the
Speaker 1: special prosecutor's decision to charge small Let again after the
Speaker 1: initial charges were dropped, adding, there are false reports against
Speaker 1: black men in America every day. Why is it this one?
Speaker 1: What's really going on? Why people so charged about it? Right?
Speaker 1: This is ridiculous. Attorney Cha says small Lett and his
Speaker 1: family are very happy with the news. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quittake,
Speaker 1: powered by more than seven hundred journalists and analysts more
Speaker 1: than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan,
Speaker 1: Thank you, Michael. Six thirty five on Wall Street. Time
Speaker 1: for the Bloomberg Sports Update. Here's John Stash. All right, Nathan.
Speaker 1: Nick's back home from a seven game road trip. But
Speaker 1: they did better than expected with three wins. They had
Speaker 1: no trouble with Portland at the Garden. R J. Barrett
Speaker 1: thirty one points, much closer at the Barkley Center, where
Speaker 1: Spencers didn't when he used to play. His career really
Speaker 1: flourished as a net and he came back beat his
Speaker 1: old team with a game winning three at the Buzzer.
Speaker 1: Dallas beat Brooklyn one thirteen to one. Eleven Devils lost
Speaker 1: at Calgary six to three. The Rangers made a trade
Speaker 1: with the deadline approaching, and they sent a draft pick
Speaker 1: to Florida for forward Frank Vetronto n C double a tournament.
Speaker 1: What a game at the first four and Daton, Ohio
Speaker 1: went doubled. Overtime didn't end. Go after midnight. Paul Atkinson,
Speaker 1: a put back with one second left, giving Notre Dame
Speaker 1: and eight eighty seven win over Rutgers. Iona season also
Speaker 1: ended in night t loss at Florida. NFL free agency
Speaker 1: coinciding with the recent end of the baseball lockout, so
Speaker 1: signings in both sports. Von Miller to the Buffalo Bills,
Speaker 1: Freddie Freeman to the Dodgers, So the rich get Richard
Speaker 1: Chris Bryant to Colorado. The Yankees made the trade with
Speaker 1: the Twins, re signed Anthony Rizzo. They steered clear of
Speaker 1: the really high price guys, but own our house. Glenbinner
Speaker 1: has high hopes put the upcoming season. This is the
Speaker 1: championship caliber team. Um. You know, I think the trade
Speaker 1: that Cash made was it was it was a great trade. Um.
Speaker 1: You know, we're gonna we're gonna miss the guys that
Speaker 1: that moved on, But um, I think we have we
Speaker 1: addressed one or two of the needs that we had. Um,
Speaker 1: but look, this team's got a lot of experience. It's
Speaker 1: a veteran team. They got a lot of heart, and
Speaker 1: I think we're gonna see great things. Better said, they
Speaker 1: will soon get to work on a new contract for
Speaker 1: Aeron Judge John Stash at one Bloomberg Sports. Okay, John,
Speaker 1: thank you, six thirty seven on Wall Street. Let's take
Speaker 1: a look now, it's stocks, some of the names moving
Speaker 1: in the pre market with Bloomberg Radio and TV markets
Speaker 1: correspondent Crety gooped creaty. It seems like invest ers have
Speaker 1: moved from focusing on the FED back to headline moves
Speaker 1: around the war in Ukraine. Yeah, it really comes back
Speaker 1: down to that, because that's, at the end of it,
Speaker 1: the kind of key driver of inflation right now, at least,
Speaker 1: I say, additional inflation. If you look at futures, they
Speaker 1: are down. But here's the good news, Nathan, they're not
Speaker 1: down as much as you would expect after two days
Speaker 1: of three percent or almost three percent gains in the
Speaker 1: in the stock market, So that's pretty good news. That
Speaker 1: being said, you are of course seeing some pretty downside moves.
Speaker 1: Only about twenty five stocks in the green right now,
Speaker 1: and most of them are going to be energy stocks.
Speaker 1: Take a look at this Marathon Oil, your usual suspects here,
Speaker 1: up three percent, m R O S your taker, Haliburton
Speaker 1: as well, h A L up three percent, Devon Energy
Speaker 1: d V and up two and a half percent. And
Speaker 1: then there's occidental O x wise or taker up three
Speaker 1: percent as well, A really great story simply about who
Speaker 1: impact is buying accidental stock. It turns out it's Warren Buffett.
Speaker 1: He is looking to build up his steak. He has
Speaker 1: been building up his steak, and you have seen his
Speaker 1: steak to fourteen point six percent, especially really getting built
Speaker 1: up in the last couple of days. I think um
Speaker 1: looking at this in a bet of a total seven
Speaker 1: billion dollars and accental and just eleven trading days. So
Speaker 1: that's why you use the accidental really gaining here. But
Speaker 1: of course part of that is going to be this geopolitics.
Speaker 1: O x Y once again is your ticker there? Yeah,
Speaker 1: and once again we are watching a surge in crude
Speaker 1: oil prices as well. It could be playing into that also.
Speaker 1: Seeing some analyst moves of note this morning, some analysts moves,
Speaker 1: you know, I think we're back to the point where
Speaker 1: stocks are actually trading on with some of these analysts
Speaker 1: are saying as opposed to the geopolitical tensions that we
Speaker 1: were just talking about. We start with Ralph Lauren here.
Speaker 1: This is a name that I don't bring up off
Speaker 1: in r L. Is your taker up nine tenths of
Speaker 1: a one percent, but seeing a lot of heavy volume
Speaker 1: in acticing just as much volume as Occidental is in
Speaker 1: the pre market this morning, So that is some interesting
Speaker 1: news there. JP Morgan upgrading Ralph Lauren to an overweight,
Speaker 1: announcing a one hundred and forty two dollar price target.
Speaker 1: Is trading around one hundred and fifteen right now, so
Speaker 1: definitely seeing some upside there. Another one that is actually
Speaker 1: interesting to me is McDonald's m c d s your ticker.
Speaker 1: They're up just two tenths of one percent, not a
Speaker 1: huge move to the upside, but you did get some
Speaker 1: news Morgan Stanley cutting their price target on McDonald's two
Speaker 1: seven dollars from town four that of course citing a
Speaker 1: Russian Ukrainian impact, but still saying they are overweight on
Speaker 1: the stock. And remember McDonald's one of the fastest growing
Speaker 1: markets is Russia. Actually, there was a story that Moscow,
Speaker 1: the Moscow McDonald's location was one of the fastest and
Speaker 1: busiest in the world. Of course before the war. McDonald's
Speaker 1: shares now trading out about two d and thirty dollars. Yeah,
Speaker 1: you saw some huge lines out of that first McDonald's
Speaker 1: in Moscow after they opened the Iron curtain back in
Speaker 1: the nineties. But it'll be really interesting to see as
Speaker 1: well if we get any more geopolitical analysts moves with
Speaker 1: so many companies pulling back their Russia business. Bloomberg Radio
Speaker 1: and TV Markets correspondent Creedy Gupta keeping an eye as
Speaker 1: always on the pre market for US and as we
Speaker 1: look at stocks as a whole ahead of the St.
Speaker 1: Patrick's day open. It's red on the screen. Uh green
Speaker 1: if you're looking at commodities. Really but SMP futures right
Speaker 1: now are down fourteen points down, futures down ninety seven,
Speaker 1: NASTACT futures down fifty eight. The tenure Treasury is up
Speaker 1: eighteen thirty seconds. The yield now two point one on
Speaker 1: the benchmark tenure. This is Bloomberg Bloomberg eleven three oh Weather.
Speaker 1: Some fog, some showers this afternoon with highs in the
Speaker 1: mid fifty Sunshine tomorrow with the high your seventy. Occasional
Speaker 1: rain returns on Saturday, low sixties for Saturday. Highs right
Speaker 1: now forty five in Central Park. Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business Out and at Bloomberg Quick tape is
Speaker 1: a Bloomberg business flash and I'm Karen Moscow and futures
Speaker 1: are falling this morning. We go to the first Word
Speaker 1: Breaking News dash for today's morning call. Here's Bill Maloney, Bill,
Speaker 1: good morning, Hey, good morning, Karen. That's right. US features
Speaker 1: are in the red. Help by Russia de nine reports
Speaker 1: of major progress in Ukrainian talks down. Futures certainly down
Speaker 1: a hundred and five points, sup Shop fifteen, NASTAC futures
Speaker 1: are lower by sixty the US ten year old at
Speaker 1: two point one two percent, Gold and Oil or bold Climate,
Speaker 1: but Bitcoin is down by one point four percent. Hong
Speaker 1: Kong rose a whopping seven percent overnight, while EUROPM markets
Speaker 1: are in the red, lit by one percent. Losses in Italy.
Speaker 1: Back in the US on the economic Fronday thirty initial
Speaker 1: jobs claims, housing starts and Philly fed. In other news,
Speaker 1: Elmi Nickel trading was paralyzed by glitches yet again, and
Speaker 1: Tessa delayed get offering of more than a billion wrapping
Speaker 1: things up. Norwegian Cruise was raised to equate over Morgan Stanley.
Speaker 1: Union Pacific cut to center perform over at RBC Live
Speaker 1: from the First Breaking News dost scom Bill Maloney kre Hey, Bill,
Speaker 1: thank you to hear live breaking news over her Bloomberg Times.
Speaker 1: Squalk on your terminal, SCU you a w K. That's
Speaker 1: a Bloomberg business flash. Now here's Michael Barrow with more
Speaker 1: on what's going on around the world. Michael Karen, thank
Speaker 1: you very much. The Kremlin has thrown cold water on
Speaker 1: reports of major progress in peace socks with the Ukraine.
Speaker 1: Kremlin spokesman Tomitri Peskov says the reports are wrong. Meanwhile,
Speaker 1: China's Foreign Ministry endorsed supportive remarks by it's on void
Speaker 1: of Ukraine, in which Beijing delivered some of its most
Speaker 1: supportive comments yet toward the war torn country. China's ambassador
Speaker 1: told the governor of Lviv Beijing would never attack Ukraine.
Speaker 1: Today is the start in Earnest of the n c
Speaker 1: Double A college basketball Tournament. In the playing games yesterday,
Speaker 1: Right State has earned its first men's tournament victory, and
Speaker 1: Notre Dame needed double overtime against Rutgers to advance. In
Speaker 1: the NBA. The next one, the Nets and Wizards lost.
Speaker 1: The Celtics beat the Warriors. In the NHL, the Devil's
Speaker 1: and Bruins lost. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quick Take, powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. I'm this is Bloomberg. The following commentary
Speaker 1: is from Bloomberg Opinion. Daylight I'm Jonathan Bernstein, a columnist
Speaker 1: from Bloomberg Opinion. The Senate has passed a bill to
Speaker 1: make daylight saving time a year round thing. It now
Speaker 1: heads to the House. Momentum has been building within the
Speaker 1: States for this change, and apparently senators were listening. Senate
Speaker 1: passage will alert any groups that oppose the switch. They'll
Speaker 1: push for the House to take it slow and risk averse.
Speaker 1: Politicians could be wary about something voters may eventually not
Speaker 1: like and definitely will notice. That's how Congress usually works.
Speaker 1: It's not guaranteed to address everyone's strongest objections, but it's
Speaker 1: a good system for bringing them to lawmakers attention. Senate
Speaker 1: passage is also a good reminder that while the U
Speaker 1: S system is famous for having lots of veto points, House, Senate, President, courts,
Speaker 1: and more, it also has an enormous number of initiation points,
Speaker 1: giving more political actors an opportunity for meaningful participation is
Speaker 1: a strength of the Madisonian system, although it can also
Speaker 1: give narrow interests a way to affect public policy without
Speaker 1: broad based support. Strength or not, it is certainly unusual.
Speaker 1: I'm Jonathan Bernstein. For more opinion, please go to Bloomberg
Speaker 1: dot com, slash Opinion or O P A n go
Speaker 1: on the Bloomberg terminal. This has been Bloomberg Opinion and
Speaker 1: Bloomberg Opinion commentaries can be heard every weekday at this
Speaker 1: time and terminal customers can read more at O P
Speaker 1: I n go. It is six fifty on Wall Street.
Speaker 1: We turned to news and science and technology now with
Speaker 1: the Bloomberg and J I T. STEM Report brought to
Speaker 1: you buy New Jersey Institute of Technology ranked in the
Speaker 1: top two percent nationally for alumni mid career earnings and
Speaker 1: number one in the nation for student upward economic mobility.
Speaker 1: More at n J I T dot E DU. Now
Speaker 1: here's just making news and science, technology, engineering, and math.
Speaker 1: You know the phrase you are what you eat. Nutrition
Speaker 1: scientists are getting to the bottom of what that means
Speaker 1: with an emerging area of research called precision nutrition. It's
Speaker 1: a growing field of study that assumes each person may
Speaker 1: have unique responses to eating specific foods and nutrients, and
Speaker 1: blends data based on j NICs, behavior, socio economics, environment,
Speaker 1: and eating patterns to potentially develop diets that are personalized
Speaker 1: to improve health. It's all part of a one D
Speaker 1: seventy million dollar program funded by the National Institutes of
Speaker 1: Health called Nutrition for Precision Health and China, the latest
Speaker 1: COVID outbreak appears to be easing. Authorities reported the lowest
Speaker 1: number of cases so far this week, and in the
Speaker 1: epicenter of the latest outbreak, Jillan infections have dropped from
Speaker 1: recent highs after the province was locked down on Monday,
Speaker 1: and robin Hood Markets plans to let users loan out
Speaker 1: their stocks to other financial institutions. It's part of a
Speaker 1: push to compete with more conventional brokerages such as Fidelity
Speaker 1: in each trade. Robin Hood is best known for commission
Speaker 1: free stock and cryptocurrency trading. That's the Bloomberg and j
Speaker 1: I T Stem Report. Nathan Okay, Karen, thank you. We
Speaker 1: are live from the Bloomberg Interactive Broker Studios or to
Speaker 1: six fifty two on Wall Street and now to check
Speaker 1: what's going on in DC. Some of the top stories
Speaker 1: in our nation's capital include President Biden ramping up military
Speaker 1: aid to Ukraine, including armed drones, the House to vote
Speaker 1: today on revoking Russia's trade status, and the Prime Minister
Speaker 1: of Ireland testing positive for COVID nineteen while in the
Speaker 1: nation's capital. For St. Patrick's Day, Let's bring back Bloomberg
Speaker 1: Government Congressional reporter Jack Fitzpatrick for all that's happening in
Speaker 1: the nation's capital. Jack, Good morning. So we heard from
Speaker 1: Ukraine's president vladimir's Lensky addressed Congress yesterday and it sounds,
Speaker 1: judging from what President Biden had to say afterward, that
Speaker 1: it made quite the impression. Yeah, it did seem to
Speaker 1: make an impression. There was a lot of bipartisan admiration
Speaker 1: for President Zelinsky and a lot of praise for how
Speaker 1: how the speech went. UH. There there was some polite
Speaker 1: push back. You know, Zelenski made the case for blocking
Speaker 1: Russian UH blocking airspace over Ukraine UH, and that is
Speaker 1: not something that lawmakers really went for. There's still, UH
Speaker 1: at least hesitation, really opposition from both parties towards doing that.
Speaker 1: There's some skepticism as to how heavy the U s
Speaker 1: should go with sending UH fighter jets to Ukraine. A
Speaker 1: lot of the support that the President announced yesterday was
Speaker 1: for anti aircraft weapons, UM javelins, anti tank tank weapons.
Speaker 1: There were drones. They're sending a hundred drones, grenade launchers,
Speaker 1: that kind of thing, a bit more handheld, lighter weight issues.
Speaker 1: But yes, broadly there is a huge amount of bipartisan
Speaker 1: support for helping Ukraine. Continuing to have a conversation about
Speaker 1: potentially future bills that could add even more money in
Speaker 1: defense and humanitarian aid. Uh and and so it's safe
Speaker 1: to say the speech went well for President Zelinsky and
Speaker 1: going forward from there, we're expecting a vote later today
Speaker 1: in the House on revoking Russia's permanent normal trade status.
Speaker 1: This was something that President Biden had been calling for
Speaker 1: last week. Yes, well, he actually got pushed originally by Congress.
Speaker 1: They brought this up. The White House briefly pumped the
Speaker 1: brakes on that, uh, seemingly because the President has really
Speaker 1: been the one to run this kind of thing by
Speaker 1: European allies. So there was a bit of a delay
Speaker 1: actually on behalf of the President. And then the President announced, yes,
Speaker 1: he supports revoking Russia's preferred trade status. That needs action
Speaker 1: by Congress though, so the vote is supposed to happen
Speaker 1: today in the House. UH, they expect bipartisans support. They're
Speaker 1: taking a procedural step that actually uh speeds things up.
Speaker 1: If they can get two thirds vote in the House.
Speaker 1: That's a sign that Democratic leaders expect very bipartisan support
Speaker 1: for this in the House, and it would probably have
Speaker 1: a good chance in the Senate. UH. And then of
Speaker 1: course there there are conversations about what comes next, but
Speaker 1: for now, yes, they are. They're moving to make official
Speaker 1: what you have heard from the President on revoking Russia's
Speaker 1: trade status, which would allow higher tariffs on any Russian
Speaker 1: goods in the US. And finally, Jack, we're getting multiple
Speaker 1: reports that the Irish Prime Minister has tested positive for
Speaker 1: COVID during his annual St. Patrick's trip to Washington. Yes,
Speaker 1: he he is in Washington and he was supposed to
Speaker 1: meet with President Biden today. They have not ruled out
Speaker 1: doing some sort of virtual meeting. But clearly after he
Speaker 1: UH tested positive with a PCR test, after there were
Speaker 1: all these events going on, he tested negative with one
Speaker 1: of the more rapid tests, then got a positive result
Speaker 1: back from a PCR test. So it does not seem
Speaker 1: that the events going on, the meetings between him UH
Speaker 1: and President Biden that were expected uh this morning and
Speaker 1: into the afternoon are going to happen unless they can
Speaker 1: come up with some sort of virtual meeting, which is
Speaker 1: actually what happened a year ago because of the high
Speaker 1: number of case counts UH. There So, so the President
Speaker 1: Biden will will still not have an opportunity to meet
Speaker 1: in person with the Irish Prime Minister Michael Martin. Just
Speaker 1: yet another reminder that covid' is not quite done with
Speaker 1: us yet. Thanks Jack, good having you with us this morning.
Speaker 1: That's Bloomberg Government Congressional reporter Jack Fitzpatrick. And you can
Speaker 1: read more about all these stories on Bloomberg dot com
Speaker 1: or on the Bloomberg terminal. When you're in Washington. Listen
Speaker 1: to Bloomberg Radio at Bloomberg nine one and one oh
Speaker 1: five point seven F M H D two Karen, Thanks Nathan.
Speaker 1: It is sixty six on Wall Street. This is Bloomberg Daybreak,
Speaker 1: and March is Women's History Month, and every day this
Speaker 1: month we're celebrating significant moments in women's history. Now with
Speaker 1: your installment for March seventeenth, here's Bloomberg's Nita Young on
Speaker 1: this day in women's History. In nineteen sixty nine, Golden
Speaker 1: may Yor is elected as Israel's first female prime minister.
Speaker 1: She was only the country's fourth prime minister. Mayor began
Speaker 1: her career as a Zionist labor organizer. Later on, she
Speaker 1: held several positions within the Israeli government, including Minister of
Speaker 1: Foreign Affairs and Minister of Labor, and upon the sudden
Speaker 1: death of Prime Minister Levi Eshkal in nineteen sixty nine,
Speaker 1: Mayor was chosen as his successor. During her career, Mayor
Speaker 1: gained a reputation as a savvy diplomat. She saw the
Speaker 1: country through the Yam Kippur War in nineteen seventy three,
Speaker 1: after Syria and Egypt launched a surprise attack on Israel,
Speaker 1: and partially due to her ailing health end age, Mayor
Speaker 1: resigned in October nineteen seventy four. That's today in Women's History.
Speaker 1: I'm rened to young Bloomberg Radio. Need to thank you
Speaker 1: and again. Futures are lower this morning. SMP future is
Speaker 1: down about eleven points and down. Futures down seventy two,
Speaker 1: NASDAG futures down forty one and a ten year treasury
Speaker 1: of seventeen thirty seconds, the yelled two point one two percent,
Speaker 1: and Bloomberg surveillance is just straight ahead. For Nathan Hager,
Speaker 1: I'm Karen Moscow, and this is Bloomberg