WEBVTT - Bloomberg Daybreak: March 17, 2022 - Hour 2 (Radio) 0:00:03.240 --> 0:00:06.560 Live from the Bloomberg Interactive Burger Studios. This is Bloomberg 0:00:06.600 --> 0:00:10.200 day Break for a Thursday, March seventeen two. Coming up 0:00:10.200 --> 0:00:13.880 this hour, the House nears legislation to remove Russia's Most 0:00:13.920 --> 0:00:17.280 Favored Nation trade status. The bond and stock markets react 0:00:17.280 --> 0:00:20.119 differently to the fits interest rate liftoff. The Bank of 0:00:20.160 --> 0:00:23.000 England set to raise rates this morning, and stocks in 0:00:23.040 --> 0:00:26.360 Asia search for a second straight day. New York expands 0:00:26.360 --> 0:00:30.760 workplace harassment protection for all public employees. Plus preparations continue 0:00:30.920 --> 0:00:33.920 for today's St. Patrick's Day parade in Manhattan. I'm Michael 0:00:33.920 --> 0:00:36.920 bar More Ahead, I'm trying stash shower and sports. Easy 0:00:37.000 --> 0:00:39.720 win for the nick Nets, loss at the Buzzer ruttors 0:00:39.720 --> 0:00:42.120 in the n C, double days lost in double overtime. 0:00:44.080 --> 0:00:47.920 That's all straight ahead on Bloomberg day Break on Bloomberg 0:00:47.960 --> 0:00:52.880 Element Trio, New York, Bloomberg one, Washington, d C, Bloomberg 0:00:52.880 --> 0:00:56.640 one O six one, Boston, Bloomberg nine sixties, San Francisco, 0:00:57.000 --> 0:01:00.240 Sirius x M one nineteen and around the world. Old 0:01:00.240 --> 0:01:03.920 on Bloomberg Radio dot Com and via The Bloomberg Business. 0:01:07.240 --> 0:01:10.120 Good morning. I'm Nathan Hagar, and I'm Cameron Moscow and 0:01:10.240 --> 0:01:13.880 US Dock index futures are lower this morning and extending 0:01:13.920 --> 0:01:15.920 their declines. Were coming up to six o one on 0:01:15.959 --> 0:01:18.040 Wall Street, and we check the markets every fifteen minutes 0:01:18.040 --> 0:01:21.280 throughout the trading day. On Bloomberg. Right now, SMP futures 0:01:21.280 --> 0:01:23.600 are down twenty three points down, futures down a hundred 0:01:23.600 --> 0:01:27.000 sixty two, NASDAG futures down eight. The decks in Germany 0:01:27.120 --> 0:01:29.440 is down one percent, the ten year treasury up twenty 0:01:29.480 --> 0:01:32.360 thirty seconds, the yel two point one one percent, they 0:01:32.400 --> 0:01:35.120 yield on the two year one point nine one percent, 0:01:35.640 --> 0:01:38.039 and the euros at one point one zero three three 0:01:38.160 --> 0:01:40.520 against the dollar. Nathan, all right, Karen, we begin with 0:01:40.520 --> 0:01:43.080 the latest developments on the war, including this red headline 0:01:43.080 --> 0:01:45.800 that just crossed the Bloomberg terminal. The Kremlin says reports 0:01:45.800 --> 0:01:50.160 of major progress in Ukraine talks are wrong. Group of 0:01:50.200 --> 0:01:53.800 seven foreign ministers are meeting virtually today to discuss the crisis, 0:01:53.800 --> 0:01:56.840 as Ukrainian President Voladimir Zelinski addresses the lower house of 0:01:56.880 --> 0:02:00.120 the German parliament. All this as Russian strikes continue you 0:02:00.200 --> 0:02:03.760 on infrastructure sites. The Ukrainian military says a Russian plane 0:02:03.800 --> 0:02:07.400 bomba theater were hundreds for sheltering. Bloomberg's Ed Baxter has 0:02:07.440 --> 0:02:10.880 that story. This adding to the concern about Russia purposely 0:02:10.919 --> 0:02:15.000 bombing civilians. The max Are satellite firm collected images showing 0:02:15.280 --> 0:02:19.040 the word children in writing in white letters in front 0:02:19.120 --> 0:02:22.880 of and behind the theater. Meanwhile, President Joe Biden has 0:02:22.880 --> 0:02:26.919 promised new munitions to Ukraine. We have identified and are 0:02:26.960 --> 0:02:32.320 helping Ukraine acquire additional longer range and aircraft systems, along 0:02:32.320 --> 0:02:36.560 with shoulder rockets, stinger and javelin launchers, twenty million rounds 0:02:36.560 --> 0:02:40.960 of AMMO, and one hundred diving switch blade drones in 0:02:41.080 --> 0:02:44.040 San Francisco, I'm at Baxter, Bloomberg Daybreak. All right, and 0:02:44.200 --> 0:02:46.600 thank you and all. President Biden has offered eight hundred 0:02:46.600 --> 0:02:49.919 million dollars worth of new weaponry to Ukraine. He also 0:02:49.960 --> 0:02:53.760 branded Russian President Vladimir Putin a war criminal. Later today, 0:02:53.760 --> 0:02:57.160 House lawmakers are set to revoke normal trade relations with Russia. 0:02:57.200 --> 0:03:00.520 Amy Morris has the latest from our Bloomberg nine newsroom 0:03:00.560 --> 0:03:04.840 in Washington. Removing Russia's most Favored Nation trade status allows 0:03:04.919 --> 0:03:08.080 the US to impose higher tariffs on Russian goods, sources 0:03:08.120 --> 0:03:11.880 tell Bloomberg News. It also expands the Magnitsky Act, opening 0:03:11.919 --> 0:03:15.040 up the possibility of more sanctions on Russian officials for 0:03:15.160 --> 0:03:18.400 human rights violations. It would take Congress and the President 0:03:18.440 --> 0:03:22.560 together to re establish any trade relationship with Russia. House 0:03:22.600 --> 0:03:25.720 majority leaders Denny Hawyer says the vote will come later today, 0:03:25.960 --> 0:03:29.160 putting Russia in the same category as Cuba and North 0:03:29.240 --> 0:03:33.080 Korea in Washington. I'm maybe more as Bloomberg daybreak. All right, Amy, 0:03:33.120 --> 0:03:35.840 thank you. In a chilling thread, Vladimir putinist warning he 0:03:35.880 --> 0:03:41.520 will cleanse Russia of traitors, but any people, and even 0:03:41.560 --> 0:03:44.560 more so, the Russian people will always be able to 0:03:44.640 --> 0:03:48.960 distinguish true patriots from scum and traders and simply spit 0:03:49.040 --> 0:03:51.800 them out like a fly that accidentally flew into the mouth, 0:03:52.320 --> 0:03:55.760 spit them out. I am convinced that such a natural 0:03:55.800 --> 0:03:59.920 and necessary cleansing of society will only strengthen our country. 0:04:00.120 --> 0:04:02.720 Phud And accused the West of wanting to destroy Russia, 0:04:02.800 --> 0:04:05.800 and this morning, Russia's finance ministry set a one seventeen 0:04:05.800 --> 0:04:09.040 million dollar interest payment due on two dollar bonds had 0:04:09.120 --> 0:04:11.960 been made to City Bank in London. Well, Nathan, and 0:04:11.960 --> 0:04:14.520 then their major story that we're watching this morning is 0:04:14.520 --> 0:04:17.200 a continued reaction to the FEDS and liftoff on interest 0:04:17.320 --> 0:04:20.880 rates and Bloomberg. John Tucker joins us Live with the latest, John, Karen, 0:04:20.960 --> 0:04:24.440 Stock and bonding investors had completely different reactions to the 0:04:24.440 --> 0:04:28.920 feds quarter point rate increase, stocks rallied bonds sold off. 0:04:29.279 --> 0:04:31.919 The five ten year treasury yield curve inverted for the 0:04:31.920 --> 0:04:36.280 first time since early That's a recessionary signal. At Guggenheim 0:04:36.320 --> 0:04:39.880 Partners Chief investment Officers, Scott Monored isn't all that impressed 0:04:39.920 --> 0:04:43.320 with how the FED is tackling inflation. I think that 0:04:44.120 --> 0:04:48.400 the FED has largely abandoned monetary orthodoxy. It's trying to 0:04:48.480 --> 0:04:53.080 be too cute in how it's it's managing this. Guggenheim 0:04:53.120 --> 0:04:56.640 Scott Monored says they are in an inflation panic. The 0:04:56.680 --> 0:04:59.960 Central Bank also published forecasts with the authorities various official 0:05:00.000 --> 0:05:02.880 of the so called Dan plot that indicated a steeper 0:05:02.960 --> 0:05:06.440 hiking path than before. Live in New York. I'm John Tucker, 0:05:06.480 --> 0:05:09.240 Bloomberg debris, Thank you, John. Interest rates are also in 0:05:09.320 --> 0:05:12.600 focus in Europe. Let's get that story Live with Bloomberg's 0:05:12.640 --> 0:05:15.280 You and Parts. Good Morning, Good morning, Nathan and Karen. 0:05:15.320 --> 0:05:17.600 The Bank of England was the first major central bank 0:05:17.680 --> 0:05:21.279 the Tyson policy after the pandemic, and today committee members 0:05:21.279 --> 0:05:24.040 look all but certain to high rates for a third 0:05:24.200 --> 0:05:27.080 successive time. If they do, that would take the UK 0:05:27.200 --> 0:05:30.160 benchmark back to its pre COVID level as the bank 0:05:30.240 --> 0:05:34.400 battles soaring inflation. That decision at eight a m. Eastern Time, 0:05:34.720 --> 0:05:36.800 Live in London. I'm you and part's been big daybreak, 0:05:36.920 --> 0:05:38.920 Thank you and thank you all. Turning to the markets now, 0:05:39.000 --> 0:05:41.960 starks in Asia jumped once again on a surge in 0:05:42.160 --> 0:05:45.520 Chinese technology shares. We get the recap from Bloomberg's JULIETT. 0:05:45.560 --> 0:05:48.680 Sally and Singapore. Good morning, Juliet, Good morning, Nathan and Karen. 0:05:48.760 --> 0:05:51.599 China's effort to stabilize market saw the Hang Saying Index 0:05:51.640 --> 0:05:55.719 post it's best two day games since the Hang Saying 0:05:55.839 --> 0:06:00.360 Tech Index added to Wednesday's dizzy and twenty two percent game. However, 0:06:00.360 --> 0:06:02.960 the index is still down more than fifty pc from 0:06:02.960 --> 0:06:06.400 its February one peak, owing to a year long crackdown 0:06:06.480 --> 0:06:08.480 on the sect um. The lift in Hong Kong and 0:06:08.560 --> 0:06:10.720 Chinese equities or the m s c I Asia Pacific 0:06:10.720 --> 0:06:13.880 Index rise over three percent, and the yan Hovadna six 0:06:14.080 --> 0:06:16.000 l boosting the K two to five by three and 0:06:16.000 --> 0:06:18.320 a half percent. That was its best to day games 0:06:18.360 --> 0:06:23.560 since April. In Singapore, Juliette Sally Bloomberg day break, All right, Juliette, 0:06:23.560 --> 0:06:25.960 thank you not Despite the recent pullback, one Wall Street 0:06:25.960 --> 0:06:28.800 firm says oil prices are heading a lot higher. Let's 0:06:28.800 --> 0:06:31.719 get that storyline from Bloomberg's Rnita Young. Good morning, Nita, 0:06:31.800 --> 0:06:34.960 Good morning, Nathan. Morgan Stanley is raising its Brent oil 0:06:35.040 --> 0:06:38.160 price forecast for the third quarter from a hundred dollars 0:06:38.200 --> 0:06:41.120 to a hundred twenty dollars a barrel. Analysts there are 0:06:41.200 --> 0:06:45.960 citing tighter supply demand balances worldwide. Morgan Stanley says the 0:06:46.040 --> 0:06:49.880 US import band and self sanctioning in Europe mean Russian 0:06:49.920 --> 0:06:53.400 crewde production will drop by one million barrels a day, 0:06:53.480 --> 0:06:57.400 which will be visible from April onwards. Analysts are raising 0:06:57.400 --> 0:07:00.919 their estimate for three from nine five dollars to a 0:07:01.040 --> 0:07:04.120 hundred dollars of barrel. Live in New York, I'm reneed 0:07:04.160 --> 0:07:07.320 a Young Bloomberg Daybreak, need to thanks right now, nymex 0:07:07.440 --> 0:07:09.800 Crud's flirting with a hundred dollars of barrel trading at 0:07:09.840 --> 0:07:13.400 ninety four cents brent is at a hundred two dollars 0:07:13.400 --> 0:07:16.320 sixty five. Straight ahead your latest local headlines in a 0:07:16.400 --> 0:07:23.880 check of sports. This is Bloomberg and it's now six 0:07:23.960 --> 0:07:26.119 o seven on Wall Streets. Still dealing with some fog 0:07:26.160 --> 0:07:28.520 this morning, forty five degrees in Central Park. You got 0:07:28.560 --> 0:07:31.360 in an accident on the north bound Deagan at Yankee Stadium. 0:07:31.400 --> 0:07:33.480 Michael Bars here with more on what's going on in 0:07:33.520 --> 0:07:36.080 New York and around the world. Good morning, Michael, Good 0:07:36.120 --> 0:07:39.360 morning Nathan St. Patrick's Day. Celebrations in New York City 0:07:39.680 --> 0:07:42.800 and across the country are back after a two year hiatus. 0:07:43.200 --> 0:07:46.520 New York's Parade, the nation's largest and oldest, will go 0:07:46.640 --> 0:07:50.120 up Fifth Avenue, starting around eleven am. New York Mayor 0:07:50.240 --> 0:07:53.280 Eric Adams says today you can call him Oh Adams. 0:07:53.480 --> 0:07:56.960 We said it in the spirit of the Irish Americans 0:07:56.960 --> 0:08:01.120 who played a major role in this city. Built in 0:08:01.200 --> 0:08:05.800 a Brooklyn Bridge, our mt A system, law enforcement. You 0:08:05.880 --> 0:08:09.280 look at the success of New York, you see the 0:08:09.400 --> 0:08:12.360 Irish contribution to it, and you should be proud to 0:08:12.480 --> 0:08:15.360 be Irish today and proud to be New Yorker is 0:08:15.520 --> 0:08:19.280 and proud to be America's Mayor. Adam says in The 0:08:19.320 --> 0:08:21.840 parade was canceled as the virus hit the U S. 0:08:22.200 --> 0:08:25.640 White House Medical Advisor Dr Anthony Founci says Americans need 0:08:25.680 --> 0:08:28.760 to be ready to respond to another potential COVID surge 0:08:29.160 --> 0:08:32.719 if one occurs. Dr Faunci says older individuals may need 0:08:32.760 --> 0:08:36.840 another vaccine booster. I don't think there's any doubt that 0:08:37.080 --> 0:08:41.439 sooner or later, particularly among the elderly, who have less 0:08:41.440 --> 0:08:47.280 of a robust immune response than a normal younger population, 0:08:48.200 --> 0:08:50.240 that sooner or later they will need a boost of 0:08:50.240 --> 0:08:53.600 a fourth shot. Dr Faunci has more than a thousand 0:08:53.600 --> 0:08:56.200 people a day are still dying of COVID in the US. 0:08:56.559 --> 0:08:58.880 It looks like the pandemic has led to the closing 0:08:58.920 --> 0:09:02.520 of the nine eleven You Museum in Lower Manhattan, according 0:09:02.559 --> 0:09:05.400 to The Wall Street Journal. Museum officials say it will 0:09:05.440 --> 0:09:09.199 be likely closed permanently after running up too much debt. 0:09:09.520 --> 0:09:12.720 The Tribute Museum, with a staff of ten, was designed 0:09:12.720 --> 0:09:16.120 to serve the survivor community, while the nearby, better known 0:09:16.200 --> 0:09:20.640 National September eleventh Memorial Museum honors those lost in the attack. 0:09:21.000 --> 0:09:24.640 New York has expanded workplace harassment protection for all public 0:09:24.640 --> 0:09:28.960 employees and has banned the release of anyone's employment records 0:09:29.160 --> 0:09:33.440 in retaliation for speaking up about alleged abuse. Actor Jesse 0:09:33.559 --> 0:09:36.280 small Lett has been released from jail in Chicago after 0:09:36.320 --> 0:09:39.000 an appeals court agreed with his lawyers that he should 0:09:39.000 --> 0:09:41.880 be free pending the appeal of his conviction for lying 0:09:41.960 --> 0:09:45.920 to police about a racist and homophobic attack. Global News 0:09:46.000 --> 0:09:48.640 twenty four hours a day on air and on Bloomberg 0:09:48.720 --> 0:09:51.440 Quick Take, powered by more than twenty seven undred journalist 0:09:51.480 --> 0:09:53.679 and analyst and more than a hundred twenty countries. I'm 0:09:53.679 --> 0:10:00.840 Michael bar This is Bloomberg, Nathan. Thank you, Michael. Six 0:10:00.880 --> 0:10:02.800 on nine on Wall Street time for the Bloomberg Sports 0:10:02.840 --> 0:10:04.920 Update with John Stownshire and Nathan. The n C Double 0:10:04.960 --> 0:10:08.000 A Tournament. It begins in earnest. Today was sixteen game 0:10:08.080 --> 0:10:10.800 six team more tomorrow. By the late last night Dayton, Ohio, 0:10:10.880 --> 0:10:13.640 Notre Dame coach Mike Bray suggested there will not be 0:10:13.720 --> 0:10:15.640 a game in the attorney better than the one his 0:10:15.720 --> 0:10:17.640 team that had just won. At the first four Notre 0:10:17.720 --> 0:10:21.760 Dame eighty nine Rutgers eight seven double overtime, both team 0:10:21.800 --> 0:10:25.199 shot over fifty. Paul Atkinson won it for the putback 0:10:25.280 --> 0:10:28.280 with one second left. It came just after midnight, so 0:10:28.440 --> 0:10:31.839 technically the Irish won the game. On St. Patrick's Day, 0:10:31.840 --> 0:10:33.840 Iona lost its first round in I T game at 0:10:33.840 --> 0:10:36.839 Florida seventy nine seventy four easy win for the Knicks 0:10:36.880 --> 0:10:40.319 at the Garden over a Portland team that started three 0:10:40.320 --> 0:10:42.800 guys who weren't even drafted r J. Barrett's forty one 0:10:43.200 --> 0:10:46.360 Nets and MAV's in Brooklyn, Dadalls had the ball trailing 0:10:46.480 --> 0:10:49.200 by one by the donches. She saw that left side 0:10:49.240 --> 0:10:51.720 as he crosses the front court with five up to 0:10:51.800 --> 0:10:54.600 the top with three donches with two gives it up 0:10:54.600 --> 0:10:56.439 to Tin Witty for three of the winn and he 0:10:56.559 --> 0:11:00.199 ferries it. The former Net comes back and spend sir 0:11:00.280 --> 0:11:03.960 ten winning on a game winning three. The Mavericks have 0:11:04.160 --> 0:11:07.720 defeated the Nets one thirteen to one. Ale love ITSPN. 0:11:07.720 --> 0:11:10.120 They called Luke at domps as thirty seven points for Dallas. 0:11:10.160 --> 0:11:12.480 That was lost at Calgary six three Rangers, who on 0:11:12.520 --> 0:11:14.600 the trade with Florida, the team with the best record 0:11:14.640 --> 0:11:16.480 the East, set the draft pick to the Fanthers for 0:11:16.600 --> 0:11:19.400 Frank be Toronto gets traded a day after he scored 0:11:19.400 --> 0:11:21.960 the time and winning goals for the Fanthers. Freddie Freeman 0:11:22.000 --> 0:11:24.520 a fixture for eleven years at first base for the Braves, 0:11:24.559 --> 0:11:26.400 big part in winning the World Series last Wall, but 0:11:26.440 --> 0:11:30.000 now he's a Dodger six years, hundred sixty two million. 0:11:30.080 --> 0:11:32.959 The Dodgers now have four m vps on their roster, 0:11:33.040 --> 0:11:36.920 with Freeman joining Clayton Kirschuk, Woody Bellinger at Lookey Beats, 0:11:37.200 --> 0:11:41.199 John stash Award Bloomberg Sports Okay, John, thank you. Futures 0:11:41.440 --> 0:11:45.360 moving lower, SMP futures downtown twenty eight points, Staff futures 0:11:45.400 --> 0:11:48.280 down a hundred eighty NASTAC futures onto decline by a 0:11:48.360 --> 0:11:50.960 hundred eight points. The tenure treasury is now up twenty 0:11:50.960 --> 0:11:54.040 one thirty seconds, the yield two point one one per cent. 0:11:54.400 --> 0:11:57.400 The Kremlin now says a report of major progress in 0:11:57.440 --> 0:12:00.960 talks with Ukraine is wrong. Well the details next from 0:12:01.000 --> 0:12:08.040 Bloomberg's Rosalind Matheson. You're listening to Bloomberg, Dame Ring Bloomberg 0:12:08.080 --> 0:12:10.320 eleven three oh Weather areas of fog this morning, showers 0:12:10.360 --> 0:12:13.400 likely this afternoon, mid fifties for highs Sunshine tomorrow with 0:12:13.440 --> 0:12:17.520 a high in your seventy. Occasional rain low sixties for Saturday. 0:12:17.600 --> 0:12:22.520 Right now, fogg forty five degrees in Central Park. Markets, 0:12:22.600 --> 0:12:25.679 headlines and breaking news twenty four hours a day at 0:12:25.679 --> 0:12:29.600 Bloomberg dot Com, The Bloomberg Business and at Bloomberg Quick Take. 0:12:30.200 --> 0:12:39.880 He's a Bloomberg Business Flash and I'm Karen Moscow. US 0:12:39.920 --> 0:12:43.920 dot Index futures are moving lower this morning, and stocks 0:12:44.080 --> 0:12:47.520 in Europe are as well. We check the markets every 0:12:47.520 --> 0:12:50.160 fifteen minutes throughout the trading day on Bloomberg s and 0:12:50.200 --> 0:12:52.680 P futures down twenty four points down, futures down one 0:12:53.120 --> 0:12:56.439 fifty seven, and NASDAG futures down ninety two. Traders are 0:12:56.440 --> 0:12:59.320 digesting the federal reserves view that a robust US economy 0:12:59.360 --> 0:13:02.480 can weather the campaign against high inflation. The decks in 0:13:02.559 --> 0:13:04.679 Germany is down nine tenths of upper cent. The ten 0:13:04.720 --> 0:13:07.280 year treasury of two thirty seconds l two point one 0:13:07.360 --> 0:13:10.120 zero percent yield on the two year one point nine 0:13:10.200 --> 0:13:13.040 zero percent. Nine X scret oil is up more than 0:13:13.080 --> 0:13:15.080 four and a half percent of four dollars thirty eight 0:13:15.160 --> 0:13:17.439 cents at ninety nine dollars forty three cents of barrel. 0:13:17.720 --> 0:13:20.280 Comic schooled up about one point nine percent, or thirty 0:13:20.320 --> 0:13:24.040 five dollars forty cents. In nineteen thirty announced the euro 0:13:24.160 --> 0:13:26.640 one point one zero three five against a dollar British 0:13:26.640 --> 0:13:29.400 pound one point three one seven zero begins at one 0:13:29.480 --> 0:13:32.960 eighteen point five seven and Bitcoin this morning is down 0:13:32.960 --> 0:13:35.880 one point four percent at forty thousand, six hundred to 0:13:35.960 --> 0:13:39.080 sixty eight dollars. That's a Bloomberg business flash. Now here's 0:13:39.120 --> 0:13:41.520 Michael Barr with more unless going on around the world. 0:13:41.640 --> 0:13:45.040 Mchael Karen, thank you very much. Russian artillery destroyed a 0:13:45.120 --> 0:13:48.920 school and a community centered New York, Arkiev today. Yesterday 0:13:49.000 --> 0:13:51.160 an air strike ripped the part of theater where hundreds 0:13:51.160 --> 0:13:54.840 of people have been taken shelter in Mariupo. China has 0:13:54.880 --> 0:13:59.839 a firm Ukraine's friendship. China's Foreign Ministry endorsed its ambassador's 0:13:59.840 --> 0:14:04.520 comments promising Beijing would never attack Ukraine. New data released 0:14:04.520 --> 0:14:08.679 by the Census Bureau shows the US grew wealthier, better educated, 0:14:08.800 --> 0:14:12.720 and poverty declined during the second half of the last decade. 0:14:13.080 --> 0:14:15.280 Today the boss will be yelling, are you filling out 0:14:15.280 --> 0:14:19.360 your bracket instead of working? No. Today's start of the 0:14:19.480 --> 0:14:22.360 n C Double A men's college basketball tournament begins in 0:14:22.440 --> 0:14:26.800 earnest I know you got yours done days ago. Yeah. 0:14:26.800 --> 0:14:30.400 In the playing games yesterday, Right State and Notre Dame 0:14:30.440 --> 0:14:33.040 advanced NBA at Nicks one, Nets and Wizards and Laws, 0:14:33.080 --> 0:14:36.320 Celtics beat the Warriors, NHL, the Devil's and Bruins lost. 0:14:36.480 --> 0:14:39.040 Global News twenty four hours a day on air and 0:14:39.200 --> 0:14:41.800 on Bloomberg Quick Take, powered by more than twenty seven 0:14:41.880 --> 0:14:44.280 hundred journalists and analysts more than a hundred twenty countries. 0:14:44.360 --> 0:14:46.840 I'm Michael bar This is Bloomberg. All right, Michael, thank 0:14:46.880 --> 0:14:48.760 you for coming up to six twenty on Wall Street 0:14:48.800 --> 0:14:52.520 Life from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, 0:14:52.560 --> 0:14:55.320 and Rosalind Matheson is with us this morning, Bloomberg News 0:14:55.320 --> 0:14:59.040 Executive editor for International Government. As we continue following fast 0:14:59.120 --> 0:15:02.240 moving headlines on the war in Ukraine, including this latest 0:15:02.440 --> 0:15:05.760 ras the Kremlin now saying that reports of major progress 0:15:05.800 --> 0:15:10.400 on talks with Ukraine are wrong. Give us a little 0:15:10.440 --> 0:15:12.720 bit more. What more is there is the Kremlin saying 0:15:12.760 --> 0:15:15.920 this morning, Well, it's interesting that they've come out so 0:15:15.960 --> 0:15:19.680 publicly to say that today. Of course, yesterday they did 0:15:19.680 --> 0:15:22.720 say that they were optimistic, there were some signs of progress, 0:15:22.720 --> 0:15:25.000 but even on the Russia side there were very cautious, 0:15:25.040 --> 0:15:29.440 saying large obstacles remained. There were significant differences, for example, 0:15:29.480 --> 0:15:33.320 about how you qualify a question of neutrality for Ukraine 0:15:33.400 --> 0:15:36.640 and indicating they weren't yet near a deal. Of course, 0:15:36.720 --> 0:15:39.800 the Ukraine side has been saying very much the same. However, 0:15:39.800 --> 0:15:43.480 there were reports overnight that quite significant progress had been made, 0:15:43.480 --> 0:15:45.840 in a fact, a deal might be imminent. So you're 0:15:45.840 --> 0:15:49.040 seeing Russia come out publicly today to say, actually that's 0:15:49.080 --> 0:15:51.920 not the case. There of course degrees of progress that 0:15:51.920 --> 0:15:54.680 are occurring here, but we're nowhere near the point where 0:15:54.680 --> 0:15:57.920 we can say that significant progress is being made. Of course, 0:15:57.960 --> 0:16:01.680 these talks happening pretty much every day between officials by 0:16:01.680 --> 0:16:05.000 a video conference, but they're really focusing on bit by bit. 0:16:05.120 --> 0:16:07.680 The first step here is a more protracted cease fire, 0:16:07.720 --> 0:16:11.240 potentially for forty eight hours or something, to allow people 0:16:11.280 --> 0:16:14.720 to evacuate other parts of Ukraine, let alone getting to 0:16:14.920 --> 0:16:17.720 some kind of multi point peace still that would allow 0:16:17.720 --> 0:16:22.120 the conflict to to finish completely. So even Russia at 0:16:22.120 --> 0:16:25.680 this side saying publicly things are nowhere near resolved here 0:16:25.680 --> 0:16:28.720 and this conflict indeed will go on. It's possibly also 0:16:28.760 --> 0:16:31.480 a reflection of the Russian president coming out yesterday again 0:16:31.520 --> 0:16:34.880 publicly on television and saying I am committed to winning 0:16:34.880 --> 0:16:37.560 this war. I'm going to see my plans through. And 0:16:37.560 --> 0:16:40.280 certainly you don't want a narrative coming from Russia to 0:16:40.400 --> 0:16:43.040 the to the counter of that, especially when the president 0:16:43.080 --> 0:16:46.240 himself is saying it. Yeah, we've heard some really strong words, 0:16:46.280 --> 0:16:48.800 I think from just about all the leaders involved in 0:16:48.840 --> 0:16:52.000 this conflict, from Russian President Putin saying the country is 0:16:52.040 --> 0:16:54.840 going to be cleared of scum and traders, to US 0:16:54.920 --> 0:16:58.640 President Joe Biden branding Putin a war criminal. I mean, 0:16:58.680 --> 0:17:03.200 where does this set things up for these ongoing negotiations, which, 0:17:03.200 --> 0:17:07.600 as you mentioned, we are expecting another round of talks today. Well, 0:17:07.640 --> 0:17:09.560 the key thing here really is at what point those 0:17:09.600 --> 0:17:11.920 talks go below beyond sort of which is sort of 0:17:12.000 --> 0:17:15.760 fairly low level of officials to small senior ministers, but 0:17:15.800 --> 0:17:18.800 particularly at some point the leaders need to come in 0:17:18.920 --> 0:17:22.600 That Ukrainian president has said repeatedly the only way to 0:17:22.800 --> 0:17:25.600 resolve this conflict, to get agreement is leader to leader, 0:17:25.640 --> 0:17:28.840 which means the Russian president needs to talk with him directly, 0:17:28.880 --> 0:17:30.879 and so far, Vladimir Putin has made it clear that 0:17:30.920 --> 0:17:33.840 he doesn't intend to do so. He's not engaged at all. 0:17:34.000 --> 0:17:36.800 Until you get that kind of level of interaction where 0:17:36.880 --> 0:17:40.960 leaders can effectively sign off on a deal directly and agree. 0:17:41.000 --> 0:17:43.000 At that kind of level, it's very hard to see 0:17:43.000 --> 0:17:47.159 how we get progress towards it um And given the retoric, 0:17:47.240 --> 0:17:49.640 of course that you're seeing that the Russian president says 0:17:49.680 --> 0:17:52.879 about Ukraine and the Ukrainian president says in turn about 0:17:52.880 --> 0:17:55.600 the Russian president, how you get them to even speak 0:17:55.640 --> 0:17:58.160 on the phone in a way that could be productive 0:17:58.200 --> 0:18:01.080 towards an agreement is also quite deficult to see, because 0:18:01.119 --> 0:18:04.400 they're all saying very very strong things about each other. 0:18:04.680 --> 0:18:06.720 But it will at some point possibly take that to 0:18:06.760 --> 0:18:09.320 get us over the line to a deal. In the meantime, 0:18:09.320 --> 0:18:12.320 while Ukraine's president has been waiting for those face to 0:18:12.400 --> 0:18:15.000 face talks with a lot of imprudent he's been addressing 0:18:15.520 --> 0:18:19.280 houses of parliament around the world. Yesterday, he spoke virtually 0:18:19.280 --> 0:18:22.639 to the US Congress. This morning, he's been giving an 0:18:22.640 --> 0:18:26.760 address to Germany's lower house of Parliament. What kind of 0:18:26.800 --> 0:18:30.800 impact is that having. We can see a very strong 0:18:30.840 --> 0:18:34.720 message coming from him consistently in all these speeches who's 0:18:34.720 --> 0:18:37.560 been giving to parliaments around the world, and that is 0:18:37.640 --> 0:18:40.919 to really advocate for the cause of Ukraine um and 0:18:40.960 --> 0:18:43.879 to plead for even more help that than has come in, 0:18:44.040 --> 0:18:47.280 especially on the military side. He's grateful for the weapons 0:18:47.320 --> 0:18:49.760 that have come Certainly the Ain't anti tank missiles have 0:18:49.880 --> 0:18:53.399 been extremely important in allowing Ukraine to defend itself, but 0:18:53.480 --> 0:18:56.520 he also expresses a lot of frustration, saying he really 0:18:56.520 --> 0:18:58.479 needs countries to do a lot more. In the end, 0:18:58.520 --> 0:19:02.120 it is only Ukrainian truth fighting Russia on the ground, 0:19:02.359 --> 0:19:05.560 and he does sort of talk about the responsibility he 0:19:05.640 --> 0:19:07.760 sees of other nations in Europe, in the US and 0:19:07.800 --> 0:19:11.280 elsewhere to do more. He repeats his calls for fighter jets, 0:19:11.280 --> 0:19:14.000 for no fly zones over Ukraine, all of which are 0:19:14.000 --> 0:19:17.880 incredibly difficult, of course, because they risk a broader conflict. 0:19:17.920 --> 0:19:21.960 You're going to bring NATO in total proximity with Russian forces. 0:19:22.240 --> 0:19:24.399 But that's his message is very much thank you for 0:19:24.440 --> 0:19:26.359 what you're doing. We're grateful for it, but we're still 0:19:26.440 --> 0:19:29.159 essentially fighting a war our celts on the ground, and 0:19:29.200 --> 0:19:31.639 unless you do more, at some point this fight may 0:19:31.680 --> 0:19:35.119 come to you. Bloomberg's Rosalind Matheson, our executive editor for 0:19:35.160 --> 0:19:37.600 International Government, as always, thank you for keeping us up 0:19:37.640 --> 0:19:40.199 to speed on all that's happening in the war in 0:19:40.440 --> 0:19:45.080 Ukraine as we monitor the market reaction. Futures moving lower 0:19:45.720 --> 0:19:50.440 U following those comments from the Kremlin spokesman that reports 0:19:50.480 --> 0:19:54.800 of major progress in talks with Ukraine are wrong. SMP 0:19:54.920 --> 0:19:57.520 futures are now down fifteen points, the futures down n 0:19:57.920 --> 0:20:00.720 NASDAK futures lower by sixty five points. Tain your treasury 0:20:00.760 --> 0:20:03.040 is up nineteen thirty seconds. The yell two point one 0:20:03.119 --> 0:20:09.000 one percent, and Bloomberg Daybreak is brought to you by 0:20:09.000 --> 0:20:11.359 the Jewish Communal Fund to j c f's Donor Advice 0:20:11.480 --> 0:20:14.280 Fund is the smart choice to manage your philanthropy, especially 0:20:14.280 --> 0:20:17.359 in times of crisis. Make your giving impactful. Visit j 0:20:17.520 --> 0:20:23.600 c F n Y dot org. Broadcasting live from the 0:20:23.680 --> 0:20:27.640 Bloomberg Interactive Broker Studio in New York, Bloomberg E Living 0:20:27.720 --> 0:20:31.400 Freed to Washington, d C, Bloomberg nine one to Boston, 0:20:31.480 --> 0:20:34.920 Bloomberg one O six one to San Francisco, Bloomberg nine 0:20:34.960 --> 0:20:37.880 sixteen to the Country Sirius XM to A one ninet 0:20:38.160 --> 0:20:41.359 and around the globe the Bloomberg Business app in Bloomberg 0:20:41.440 --> 0:20:50.120 Radio dot com. This is Bloomberg Daybreak and at six 0:20:50.160 --> 0:20:52.800 thirty on Wall Street. Good morning, I'm Nathan Haggard and 0:20:52.800 --> 0:20:55.520 I'm Karen Moscow. We are just about three hours away 0:20:55.520 --> 0:20:57.680 from the open of US trading. Time for the five 0:20:57.680 --> 0:20:59.879 things you need to know to start your day, Bronti 0:21:00.040 --> 0:21:04.080 you buy Interactive Brokers Simple ib k our Global Trader app, 0:21:04.440 --> 0:21:07.320 deposit in your local currency, and trade stocks in the US, 0:21:07.400 --> 0:21:10.440 Europe and Asia. Start your free trial at ib k 0:21:10.640 --> 0:21:14.320 r dot com Slash Global Trader up first. The Kremlin 0:21:14.400 --> 0:21:19.040 spokesperson says reports of major progress in Ukraine negotiations are wrong, 0:21:19.480 --> 0:21:22.760 but says more talks with Ukraine are expected today. Meantime, 0:21:22.800 --> 0:21:27.760 careing Ukrainian officials are demanding a ceasefire as Russia's invasion continues. Yesterday, 0:21:27.760 --> 0:21:30.720 President Joe Biden announced the US is offering eight hundred 0:21:30.720 --> 0:21:34.160 million dollars worth of new weaponry to Ukraine. The American 0:21:34.200 --> 0:21:36.440 people will be steadfast and our support of the people 0:21:36.440 --> 0:21:39.119 of Ukraine in the face of Pudent's im moral and 0:21:39.240 --> 0:21:43.439 ethical attacks on civilian populations. Where are united in our 0:21:43.480 --> 0:21:47.160 abhorrence of Pudens depraved onslaught, and We're going to continue 0:21:47.160 --> 0:21:49.360 to have their backs as they fight for their freedom, 0:21:49.600 --> 0:21:53.360 their Democracy their very survival. President Biden also called Russia's 0:21:53.359 --> 0:21:56.320 president Vladimir Putin a war criminal. On Capitol Hill. The 0:21:56.359 --> 0:22:00.800 House votes today to revoke Russia's most favorite nation trade status. Meanwhile, Nathan, 0:22:00.920 --> 0:22:03.720 Russia announced it made a one d seventeen million dollar 0:22:03.800 --> 0:22:07.160 interest payment due on two dollar bonds to City Bank 0:22:07.240 --> 0:22:10.320 in London, but did not comment on if it was credited. 0:22:10.520 --> 0:22:13.520 Russia could renege on its obligations to foreign creditors for 0:22:13.560 --> 0:22:16.680 the first time since nineteen eighteen. Turned to market. Stock 0:22:16.680 --> 0:22:19.360 and bond investors reacted differently to the feds quarter point 0:22:19.480 --> 0:22:21.800 rate hike. Bloomberg's John Tucker joins US Live with that, 0:22:21.920 --> 0:22:25.800