1
00:00:02,480 --> 00:00:05,760
Speaker 1: By from the Bloomberg Interactive Burger Studios. This is Bloomberg

2
00:00:05,840 --> 00:00:09,479
Speaker 1: day Break for Thursday, April seven two. Coming up this hour,

3
00:00:09,720 --> 00:00:12,319
Speaker 1: the US and its allies line up more sanctions on

4
00:00:12,400 --> 00:00:15,600
Speaker 1: Russia as the trust cities in Ukraine grow. Stock sell

5
00:00:15,640 --> 00:00:18,480
Speaker 1: off after hawkish minutes from the Federal Reserve, and we'll

6
00:00:18,480 --> 00:00:21,040
Speaker 1: tell you which company surging on news of a four

7
00:00:21,120 --> 00:00:24,160
Speaker 1: billion dollars steak from Warren Buffett. The rate of major

8
00:00:24,200 --> 00:00:27,160
Speaker 1: crimes in New York City is up. Plus It's confirmation

9
00:00:27,280 --> 00:00:30,120
Speaker 1: day for Supreme Court nominee the Donjy Brown Jackson. I

10
00:00:30,240 --> 00:00:33,120
Speaker 1: might be warm. More ahead, I'm John S Showering Spards.

11
00:00:33,120 --> 00:00:35,320
Speaker 1: Second half, come back by the Nets to beat the NIXT.

12
00:00:35,400 --> 00:00:37,720
Speaker 1: The Master's teams off today and the Mets open their

13
00:00:37,800 --> 00:00:47,280
Speaker 1: seeds in in Washington. That's all straight ahead on Bloomberg

14
00:00:47,320 --> 00:00:52,480
Speaker 1: day Break on Bloomberg eleven FREEO New York, Bloomberg one, Washington,

15
00:00:52,560 --> 00:00:56,160
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine

16
00:00:56,200 --> 00:01:00,600
Speaker 1: sixties and Francisco Sirius x M one nineteen and around

17
00:01:00,640 --> 00:01:03,360
Speaker 1: the world on the Bloomberg Radio dot com and via

18
00:01:03,400 --> 00:01:09,280
Speaker 1: the Bloomberg Business App. Good morning, I'm Nathan Hagar and

19
00:01:09,360 --> 00:01:13,480
Speaker 1: I'm Karen. Moscow and SMP futures are higher this morning,

20
00:01:13,560 --> 00:01:15,360
Speaker 1: where coming up to five A one on Wall Street,

21
00:01:15,360 --> 00:01:17,600
Speaker 1: and we check the markets every fifteen minutes throughout the

22
00:01:17,600 --> 00:01:21,800
Speaker 1: trading day. On Bloomberg, SMP futures up eight points down

23
00:01:21,840 --> 00:01:24,800
Speaker 1: futures are a little changed, and Nastack futures are up

24
00:01:24,840 --> 00:01:28,600
Speaker 1: sixty five. The decks in Germany's up about half percent.

25
00:01:28,880 --> 00:01:31,640
Speaker 1: Ten year treasury up eight thirty seconds, yield two point

26
00:01:31,640 --> 00:01:33,920
Speaker 1: five six percent, and the yield on the two year

27
00:01:34,040 --> 00:01:37,200
Speaker 1: two point four two percent. NIMEX screwed oil is up

28
00:01:37,240 --> 00:01:39,880
Speaker 1: half percent, or forty five cents at ninety six dollars

29
00:01:39,920 --> 00:01:42,759
Speaker 1: sixty eight cents a barrel. Nathan, all right, Karen, we'll

30
00:01:42,760 --> 00:01:44,400
Speaker 1: have more on the markets in a minute. First, the

31
00:01:44,480 --> 00:01:47,920
Speaker 1: latest on the war and more evidence of atrocities against

32
00:01:47,920 --> 00:01:51,400
Speaker 1: civilians in Ukraine. The US and its allies are lining

33
00:01:51,480 --> 00:01:54,560
Speaker 1: up more sanctions on Russia. Amy Morris has more from

34
00:01:54,600 --> 00:01:58,960
Speaker 1: our Bloomberg newsroom in Washington. These new sanctions target two

35
00:01:59,000 --> 00:02:02,760
Speaker 1: of Russia's biggest banks and Vladimir Putin's adult daughters. Chattam

36
00:02:02,760 --> 00:02:07,000
Speaker 1: House associate fellow Katerina Waldschuck tells Bloomberg Television. Russia was

37
00:02:07,080 --> 00:02:09,760
Speaker 1: the eleventh largest economy in the world, so there are

38
00:02:09,880 --> 00:02:14,560
Speaker 1: consequences beyond Russia's borders. Wolfs the West now really reckons

39
00:02:14,639 --> 00:02:18,839
Speaker 1: with is the func that we have very extensive interdependence

40
00:02:18,919 --> 00:02:23,000
Speaker 1: with Russia, with Russians, with the financial institution for Russian bunks,

41
00:02:23,000 --> 00:02:27,240
Speaker 1: but specifically energy swell and European foreign ministers are likely

42
00:02:27,240 --> 00:02:29,600
Speaker 1: to discuss an oil embargo on Russia when they meet

43
00:02:29,680 --> 00:02:33,240
Speaker 1: next week. Ukraine's foreign minister pleaded for more weapons during

44
00:02:33,240 --> 00:02:36,400
Speaker 1: a NATO meeting in Brussels. The mayor of Mariople says

45
00:02:36,480 --> 00:02:39,440
Speaker 1: more than five thousand civilians have been killed in his city.

46
00:02:39,800 --> 00:02:42,880
Speaker 1: In Washington, I'm maybe Morris Bloomberg daybreak, all right, Amy,

47
00:02:42,919 --> 00:02:44,920
Speaker 1: thank you all. Another note on the war. It looks

48
00:02:44,960 --> 00:02:48,160
Speaker 1: like the United Nations General Assembly could end up suspending

49
00:02:48,240 --> 00:02:50,919
Speaker 1: Russia from the Human Rights Council. The Council plans to

50
00:02:51,040 --> 00:02:53,519
Speaker 1: vote on the matter later today. One the days after

51
00:02:53,560 --> 00:02:56,480
Speaker 1: the war began, careing the Russian ruble collapse, Remember that

52
00:02:56,600 --> 00:02:59,359
Speaker 1: sanctions on Moscow sank it to a record low of

53
00:02:59,360 --> 00:03:02,360
Speaker 1: a hundred only one per dollar. Things look dire enough

54
00:03:02,520 --> 00:03:05,560
Speaker 1: that President Biden said the ruble had been reduced to rubble.

55
00:03:06,080 --> 00:03:07,960
Speaker 1: Now the ruble has surged all the way back to

56
00:03:08,000 --> 00:03:11,119
Speaker 1: where it was before Putin invaded Ukraine. Right now it's

57
00:03:11,120 --> 00:03:14,520
Speaker 1: trading around eighty per dollar. Well, Nathan, we're seeing fallout

58
00:03:14,520 --> 00:03:17,799
Speaker 1: this morning from a one company's exit from Russia. Shares

59
00:03:17,840 --> 00:03:20,800
Speaker 1: of Shell are down one percent in European trading. The

60
00:03:20,840 --> 00:03:23,480
Speaker 1: oil giant said it's withdrawal from the country. It will

61
00:03:23,480 --> 00:03:27,240
Speaker 1: result in four to five billion dollars of impairments. Shall

62
00:03:27,320 --> 00:03:30,480
Speaker 1: also warrants that price volatility in the first quarter could

63
00:03:30,520 --> 00:03:32,800
Speaker 1: hit cash flow. All right, let's shift to the economy

64
00:03:32,800 --> 00:03:35,440
Speaker 1: now and markets back here in the US, investors are

65
00:03:35,480 --> 00:03:37,960
Speaker 1: still working through. The FEDS planned to parents balance sheet

66
00:03:38,000 --> 00:03:40,520
Speaker 1: by more than a trillion dollars a year while also

67
00:03:40,600 --> 00:03:44,200
Speaker 1: hiking interest rates. Let's get more live with Bloomberg's John Tucker,

68
00:03:44,280 --> 00:03:46,560
Speaker 1: John Nathan. The plan is spelled out in the just

69
00:03:46,800 --> 00:03:50,080
Speaker 1: released minutes of the fens March meeting. Many officials viewed

70
00:03:50,120 --> 00:03:54,400
Speaker 1: one or more half point interest rate increases as possibly

71
00:03:54,400 --> 00:03:57,560
Speaker 1: appropriate going forward, that is, if the rate of inflation

72
00:03:57,560 --> 00:04:00,560
Speaker 1: doesn't come down. They also proposed shrinking the central banks

73
00:04:00,560 --> 00:04:04,480
Speaker 1: balance sheet in line with market expectations. Michael Sheldon had

74
00:04:04,560 --> 00:04:06,600
Speaker 1: high tower r D and financial groups. As the FED

75
00:04:06,760 --> 00:04:10,080
Speaker 1: has been down this road before. They also, unfortunately have

76
00:04:10,120 --> 00:04:13,480
Speaker 1: a poor track record of raising rates too aggressively and

77
00:04:13,600 --> 00:04:16,479
Speaker 1: causing a downturn in the economy. And that's what I

78
00:04:16,520 --> 00:04:19,440
Speaker 1: think investors are getting kind of a jittery about right now.

79
00:04:19,600 --> 00:04:22,520
Speaker 1: Michael Sheldon, r D m worries the Central Bank could

80
00:04:22,600 --> 00:04:26,520
Speaker 1: slow growth more than it intends. Bloomberg Economics says the

81
00:04:26,520 --> 00:04:31,000
Speaker 1: Fed Metta showed noticeably more alarm about recent the inflation developments.

82
00:04:31,320 --> 00:04:34,640
Speaker 1: Live in New York. I'm John Tucker, Bloomberg, debreak. All right, John,

83
00:04:34,680 --> 00:04:37,520
Speaker 1: thank you all. Stocks in Asia slid overnight, hitting a

84
00:04:37,600 --> 00:04:40,320
Speaker 1: three week low. There's concerning a rapid rise in US

85
00:04:40,400 --> 00:04:42,920
Speaker 1: interest rates could hit growth and hurt earnings. And let's

86
00:04:42,960 --> 00:04:46,880
Speaker 1: get the recap from Bloomberg's Juliette Sally in Singapore. Good morning, Juliette,

87
00:04:46,960 --> 00:04:48,960
Speaker 1: Good morning Karen. The m s c I Asia Pacific

88
00:04:49,000 --> 00:04:51,400
Speaker 1: Index lost as much as one point three for a

89
00:04:51,480 --> 00:04:54,120
Speaker 1: third day of declines, led by tech shares in Japan

90
00:04:54,240 --> 00:04:57,120
Speaker 1: and Taiwan. Stokes in Hong Kong and China fell, while

91
00:04:57,160 --> 00:04:59,840
Speaker 1: the one weekend as officials once again signaled the intent

92
00:05:00,120 --> 00:05:03,640
Speaker 1: loosen policy amid the COVID outbreak and property market was

93
00:05:03,920 --> 00:05:07,120
Speaker 1: a Bloomberg Intelligence gauge tracking McCaw casino Stokes Film more

94
00:05:07,160 --> 00:05:09,960
Speaker 1: than three percent as a number of third party casinos

95
00:05:10,000 --> 00:05:13,680
Speaker 1: could end their gaming operations in Macau in Singapore, Juliette

96
00:05:13,680 --> 00:05:16,719
Speaker 1: Sally Bloomba, Daybreak. Thanks Juliet. Back here in the US,

97
00:05:16,760 --> 00:05:19,040
Speaker 1: a big name in PCs is getting a boost from

98
00:05:19,040 --> 00:05:22,120
Speaker 1: a big name on Wall Street. Shares of HP are

99
00:05:22,160 --> 00:05:25,120
Speaker 1: surging more than eleven percent this morning on word of

100
00:05:25,160 --> 00:05:27,840
Speaker 1: an investment from Warren Buffett. Let's get the latest lie

101
00:05:27,839 --> 00:05:30,680
Speaker 1: from Bloomberg's greunit a Young. Good morning, Granita, Good morning, Nathan.

102
00:05:30,760 --> 00:05:34,440
Speaker 1: Warren Buffett's Berkshire Hathaway bought a steak in HP valued

103
00:05:34,480 --> 00:05:37,719
Speaker 1: at more than four point two billion dollars. The stock

104
00:05:37,800 --> 00:05:41,240
Speaker 1: was purchased in multiple transactions this week, and a regulatory

105
00:05:41,320 --> 00:05:46,080
Speaker 1: filing shows Berkshire now holds about one million shares of HP.

106
00:05:46,640 --> 00:05:50,640
Speaker 1: Berkshire has historically shied away from technology investments, but it's

107
00:05:50,720 --> 00:05:54,359
Speaker 1: leaned further into that sector in recent years. Live in

108
00:05:54,400 --> 00:05:57,400
Speaker 1: New York, I'm Rnita Young Bloomberg Daybreak. All right, Granita,

109
00:05:57,480 --> 00:05:59,880
Speaker 1: thank you. While turning to the pandemic. Now there's cancer

110
00:06:00,000 --> 00:06:02,920
Speaker 1: and about a potential rise in new COVID cases and

111
00:06:02,960 --> 00:06:07,520
Speaker 1: has FDA advisors worried about vaccine plans. Bloomberg's At Baxter

112
00:06:07,680 --> 00:06:10,440
Speaker 1: has the story. The advisors say the FDA should be

113
00:06:10,480 --> 00:06:14,360
Speaker 1: developing a consistent standard for vaccines as new variants emerge.

114
00:06:14,760 --> 00:06:17,440
Speaker 1: They say the odds are roughly twenty of another oh

115
00:06:17,480 --> 00:06:20,400
Speaker 1: Macron like event in the next twelve months, and i

116
00:06:20,600 --> 00:06:23,560
Speaker 1: H director Dr Anthony Fauci on Bloomberg's Balance of Power

117
00:06:23,600 --> 00:06:26,839
Speaker 1: with David Weston says it will depend on a number

118
00:06:26,880 --> 00:06:30,320
Speaker 1: of things. Hopefully there's enough background immunity so that we

119
00:06:30,360 --> 00:06:32,680
Speaker 1: don't wind up with a lot of hospitalizations. The best

120
00:06:32,680 --> 00:06:35,400
Speaker 1: way to avoid that it is to get more people

121
00:06:35,520 --> 00:06:40,159
Speaker 1: vaccinated and boosted. In San Francisco, I'm at Baxter Bloomberg Daybreak.

122
00:06:40,240 --> 00:06:42,400
Speaker 1: And then we're seeing another impact from the pandemic on

123
00:06:42,440 --> 00:06:45,480
Speaker 1: the housing market. A new report from real estate research

124
00:06:45,560 --> 00:06:48,400
Speaker 1: firm Adam Data Solutions shows home prices and some of

125
00:06:48,440 --> 00:06:52,400
Speaker 1: the country's pricest neighborhoods are staying somewhat subdued. Up scale

126
00:06:52,440 --> 00:06:55,480
Speaker 1: suburbs of Washington, D C. And wealthy New York towns

127
00:06:55,480 --> 00:06:59,839
Speaker 1: are among markets with the slowest price appreciation. Finding show

128
00:07:00,000 --> 00:07:02,960
Speaker 1: at the spread of remote work during the pandemic has

129
00:07:03,000 --> 00:07:05,880
Speaker 1: allowed many people to opt for living somewhere more affordable.

130
00:07:06,400 --> 00:07:09,600
Speaker 1: SMP futures right now up seven point, staff futures down eight,

131
00:07:09,760 --> 00:07:12,880
Speaker 1: NASTACK futures up fifty nine points. The tenure treasury is

132
00:07:12,960 --> 00:07:15,880
Speaker 1: up seven thirty seconds, the yield two point five seven percent.

133
00:07:16,240 --> 00:07:18,920
Speaker 1: Local headlines and a check of sports up next. This

134
00:07:19,240 --> 00:07:27,120
Speaker 1: is Bloomberg seven on Wall Street, degrees in Central Park

135
00:07:27,120 --> 00:07:29,400
Speaker 1: and dealing with a truck fire in the New Jersey Turnpike.

136
00:07:29,440 --> 00:07:31,800
Speaker 1: It's northbound neary inter Change. Aide details coming up in

137
00:07:31,800 --> 00:07:34,160
Speaker 1: traffic again. We are at forty seven degrees in Central

138
00:07:34,200 --> 00:07:36,200
Speaker 1: Park and Michael barrs here with what else is going

139
00:07:36,200 --> 00:07:38,239
Speaker 1: on in New York and around the world. Good morning Michael,

140
00:07:38,320 --> 00:07:41,120
Speaker 1: Good morning Nathan. Major crime in New York City rose

141
00:07:41,160 --> 00:07:44,000
Speaker 1: by thirty six point five percent in March from a

142
00:07:44,080 --> 00:07:47,480
Speaker 1: year ago. Despite Mayor Eric Adams efforts to reduce a

143
00:07:47,520 --> 00:07:50,640
Speaker 1: spike of incidents that have persisted since the pandemic began,

144
00:07:51,160 --> 00:07:54,880
Speaker 1: The NYPD says citywide shooting incidents increased by more than

145
00:07:54,920 --> 00:07:58,960
Speaker 1: sixteen percent. NYPD Commissioner Teaching Sewul says, we are faced

146
00:07:59,000 --> 00:08:02,840
Speaker 1: single perception among criminals that there are no consequences, even

147
00:08:02,880 --> 00:08:06,320
Speaker 1: among serious crime. While there is no doubt that we

148
00:08:06,400 --> 00:08:10,200
Speaker 1: face challenges and reversing years will not take weeks. The

149
00:08:10,360 --> 00:08:15,800
Speaker 1: NYPD remains steadfast in its vision, plan and commitment to

150
00:08:15,920 --> 00:08:20,600
Speaker 1: the residents, businesses and visitors to this city. Commissioners Sewell's

151
00:08:20,680 --> 00:08:24,040
Speaker 1: has the number of homicides fell by almost sixteen percent

152
00:08:24,120 --> 00:08:26,720
Speaker 1: from a year ago and robberies rose by more than

153
00:08:26,800 --> 00:08:30,200
Speaker 1: forty eight percent. The Senate will vote on final confirmation

154
00:08:30,280 --> 00:08:33,680
Speaker 1: of President Biden Supreme Court nominee Judge Katanji Brown Jackson

155
00:08:33,720 --> 00:08:37,160
Speaker 1: this afternoon. Senate Majority Leader Chuck Schumer made the announcement

156
00:08:37,160 --> 00:08:40,680
Speaker 1: on the floor last night. First and foremost, we have

157
00:08:40,840 --> 00:08:44,120
Speaker 1: reached an agreement for the Senate to conclude the confirmation

158
00:08:44,240 --> 00:08:48,760
Speaker 1: process of Judge Katangi Brown Jackson. Jackson would become the

159
00:08:48,760 --> 00:08:51,320
Speaker 1: first black woman to sit on the nation's highest court.

160
00:08:51,640 --> 00:08:54,760
Speaker 1: The House voted the whole two former top Trump administration

161
00:08:54,760 --> 00:08:58,280
Speaker 1: officials in contempt of Congress for defying subpoenas from the

162
00:08:58,320 --> 00:09:01,719
Speaker 1: committee investigating the Ryan at the US Capital Committee Chair

163
00:09:01,720 --> 00:09:04,559
Speaker 1: Bennie Thompson. We act the individuals a peine at the

164
00:09:04,640 --> 00:09:07,200
Speaker 1: end to come before the committee, and they chose not

165
00:09:07,280 --> 00:09:10,199
Speaker 1: to come, and therefore they broke the law. And that's

166
00:09:10,240 --> 00:09:13,280
Speaker 1: why we are here today. Representative Bennie Thompson. The New

167
00:09:13,320 --> 00:09:16,240
Speaker 1: York Party line vote sends the contempt resolution for Dan

168
00:09:16,280 --> 00:09:20,040
Speaker 1: Scovino and Peter Navarro for referral to the Justice Department

169
00:09:20,080 --> 00:09:24,360
Speaker 1: for possible prosecution. The Postal Reform Act is now law.

170
00:09:24,440 --> 00:09:27,880
Speaker 1: President Biden signed the bill. Biden says the legislation guarantees

171
00:09:28,120 --> 00:09:30,480
Speaker 1: at the mail will continue to be delivered six days

172
00:09:30,520 --> 00:09:33,840
Speaker 1: a week. The bill increases transparency by requiring the postal

173
00:09:33,880 --> 00:09:38,840
Speaker 1: service to develop online on an online public dashboard, updated

174
00:09:38,880 --> 00:09:42,920
Speaker 1: weekly with local and national service performance data. President Biden

175
00:09:43,000 --> 00:09:45,360
Speaker 1: Global News twenty four hours a day on here and

176
00:09:45,520 --> 00:09:48,920
Speaker 1: on Bloomberg quick Take, powered by more than seven under

177
00:09:48,960 --> 00:09:52,040
Speaker 1: journalists analysts more than a hundred twenty countries. Michael bar

178
00:09:52,240 --> 00:09:59,760
Speaker 1: this is Bloomberg. Nathan all right, Michael, thanks five O

179
00:10:00,040 --> 00:10:02,480
Speaker 1: on Wall Street. Time for the Bloomberg Sports Update. Good morning,

180
00:10:02,520 --> 00:10:05,080
Speaker 1: John Stanshar good more than Nathan Nix and nets at

181
00:10:05,080 --> 00:10:07,160
Speaker 1: the garden. First half was all Nicks. They had a

182
00:10:07,280 --> 00:10:10,440
Speaker 1: nineteen to nothing. Run let at halftime by seventeen, but

183
00:10:10,559 --> 00:10:13,239
Speaker 1: the Nets, who are not exactly known for their defense,

184
00:10:13,600 --> 00:10:16,040
Speaker 1: held the next to the second halfter just thirty one points.

185
00:10:16,040 --> 00:10:17,959
Speaker 1: They had scored thirty eight in the second quarter of

186
00:10:18,000 --> 00:10:20,400
Speaker 1: the Nets scored thirty eight and the four they won

187
00:10:20,520 --> 00:10:23,160
Speaker 1: one ten to ninety eight. Kevin Ran scored thirty two

188
00:10:23,200 --> 00:10:25,920
Speaker 1: points and had a triple double. Obviously, every game is

189
00:10:25,920 --> 00:10:28,360
Speaker 1: important for us, and not just in the standards, but

190
00:10:28,559 --> 00:10:31,480
Speaker 1: for us to taint to build on what we want

191
00:10:31,520 --> 00:10:33,920
Speaker 1: to do out there. Um and I think the first

192
00:10:33,960 --> 00:10:38,120
Speaker 1: half we didn't. We didn't play Nets brand of basketball

193
00:10:38,120 --> 00:10:40,880
Speaker 1: stuff that we preach about, execute cractice every day. We

194
00:10:40,960 --> 00:10:44,600
Speaker 1: don't go at the second half, Yeah, that's who we are.

195
00:10:44,800 --> 00:10:47,080
Speaker 1: Had He mentioned the standings the Nets in the battle

196
00:10:47,080 --> 00:10:50,520
Speaker 1: with Cleveland and Atlanta to finish seventh, that means one

197
00:10:50,600 --> 00:10:53,079
Speaker 1: win at home and they can advance Rangers. It was

198
00:10:53,120 --> 00:10:55,600
Speaker 1: Pittsburgh tonight could be a playoff preview. While the Yankee

199
00:10:55,679 --> 00:10:57,960
Speaker 1: opener with the Red Sox was moved to tomorrow, the

200
00:10:58,040 --> 00:11:00,600
Speaker 1: Mets opener in Washington is on the fight. Some rain

201
00:11:00,679 --> 00:11:03,080
Speaker 1: forecasts in DC, they pushed the start from four o'clock

202
00:11:03,120 --> 00:11:05,520
Speaker 1: back to seven The Mets hope to have Jacob i

203
00:11:05,600 --> 00:11:07,360
Speaker 1: Gram on the mount for the opener. If not him,

204
00:11:07,400 --> 00:11:11,000
Speaker 1: then Max Serzer instead. It's Tyler McGill. The grand may

205
00:11:11,000 --> 00:11:13,160
Speaker 1: not pitch until June to there was shoulder injury. Insures,

206
00:11:13,160 --> 00:11:15,560
Speaker 1: who's got a tight hamstring, is expected to make his

207
00:11:15,640 --> 00:11:18,720
Speaker 1: Max debut Saturday against his old team. While Tiger Woods

208
00:11:18,760 --> 00:11:21,640
Speaker 1: is surprisingly in the master's field. Phil Nicholson is missing

209
00:11:21,640 --> 00:11:24,800
Speaker 1: his first Master since nineteen ninety four, three time champ,

210
00:11:24,880 --> 00:11:28,240
Speaker 1: taking time off. He was criticized for his disparaging remarks

211
00:11:28,280 --> 00:11:31,240
Speaker 1: about the PGA tour. The Masters says Michelson was invited

212
00:11:31,559 --> 00:11:34,120
Speaker 1: and it was his decision not to play. Bloomberg Radio

213
00:11:34,160 --> 00:11:37,920
Speaker 1: Hourly Masters Update starting today and The Masters tonight at eleven.

214
00:11:38,320 --> 00:11:42,440
Speaker 1: John Stashoward, Bloomberg Sports. Okay, John, Thanks and just crossing

215
00:11:42,480 --> 00:11:45,920
Speaker 1: the Bloomberg terminal. European Central Bank President Christine Lagarde has

216
00:11:45,920 --> 00:11:48,920
Speaker 1: just announced that she has tested positive for COVID nineteen.

217
00:11:49,000 --> 00:11:53,160
Speaker 1: She says the diagnosis will not affect ECB operations. Looking

218
00:11:53,160 --> 00:11:56,079
Speaker 1: ahead to the market, open SMP futures are up five points,

219
00:11:56,120 --> 00:12:00,320
Speaker 1: staff futures down twenty three, NASTAX futures higher by fifty

220
00:12:00,400 --> 00:12:08,000
Speaker 1: five points you're listening to Bloomberg Daybreak Bloomberg eleven three

221
00:12:08,000 --> 00:12:10,320
Speaker 1: oh weather. Scattered showers and storms today, low fifties for

222
00:12:10,400 --> 00:12:13,080
Speaker 1: highest chance for a shower tomorrow as well, low sixties,

223
00:12:13,280 --> 00:12:16,760
Speaker 1: maybe an isolated shower on Saturday. Otherwise partly sunny, upper

224
00:12:16,760 --> 00:12:22,760
Speaker 1: fifties currently forty seven and cloudy in Central Park. Markets.

225
00:12:22,840 --> 00:12:25,920
Speaker 1: Headlines and breaking news twenty four hours a day at

226
00:12:25,920 --> 00:12:29,319
Speaker 1: Bloomberg dot Com, The Bloomberg Business at and at Bloomberg

227
00:12:29,400 --> 00:12:39,440
Speaker 1: Quick Tape. He's a Bloomberg Business lash When I'm Karen Moscow.

228
00:12:39,559 --> 00:12:43,439
Speaker 1: European Central Bank President Christine Lagard says she tested positive

229
00:12:43,520 --> 00:12:46,959
Speaker 1: for COVID nineteen, adding that her symptoms are reasonably mild

230
00:12:47,040 --> 00:12:49,240
Speaker 1: and that there won't be any impact on the operations

231
00:12:49,240 --> 00:12:52,600
Speaker 1: of her institution. The ECB is governing council meets next

232
00:12:52,600 --> 00:12:56,640
Speaker 1: week to set monetary policy for the euro Area. Markets, meanwhile,

233
00:12:56,760 --> 00:13:00,679
Speaker 1: are showing signs of stabilizing as traders step into after

234
00:13:00,720 --> 00:13:03,679
Speaker 1: a sell off sparked by the federal reserves. Hawkish tailed

235
00:13:03,800 --> 00:13:07,480
Speaker 1: stocks in Europe are higher. SNP and NASDAG futures are rising.

236
00:13:07,480 --> 00:13:11,400
Speaker 1: We checked the markets every fifteen minutes throughout the trading day, Bloomberg.

237
00:13:11,480 --> 00:13:14,240
Speaker 1: SNP Future is up about nine points down Future is

238
00:13:14,280 --> 00:13:17,680
Speaker 1: little change. NASDACK future is up sixty seven. The decks

239
00:13:17,679 --> 00:13:20,480
Speaker 1: in Germany's have about four tenths of upper sent ten

240
00:13:20,520 --> 00:13:23,120
Speaker 1: year treasury of seven thirty seconds ye two point five

241
00:13:23,160 --> 00:13:25,360
Speaker 1: six percent. They yield on the two year two point

242
00:13:25,400 --> 00:13:28,680
Speaker 1: four three percent. Nim X screwed oil is up one percent,

243
00:13:28,760 --> 00:13:31,160
Speaker 1: or ninety eight cents and ninety seven dollars twenty cents

244
00:13:31,160 --> 00:13:34,400
Speaker 1: of barrel comes. Gold is up a third of a percent,

245
00:13:34,520 --> 00:13:37,280
Speaker 1: or seven dollars ten cents. In nineteen thirty twenty announced

246
00:13:37,600 --> 00:13:40,480
Speaker 1: the euro one point eight seven seven against the dollar

247
00:13:40,559 --> 00:13:43,280
Speaker 1: British pound one point three zero seven two. They ended

248
00:13:43,320 --> 00:13:46,840
Speaker 1: one twenty three point seven to bitcoin moving lower, down

249
00:13:46,880 --> 00:13:49,480
Speaker 1: one point one percent at forty three thousand, three hundred

250
00:13:49,520 --> 00:13:52,640
Speaker 1: ninety dollars. That's a Bloomberg business flash. Now here's Michael

251
00:13:52,640 --> 00:13:55,280
Speaker 1: Barr with more on what's going on around the world. Michael,

252
00:13:55,280 --> 00:13:58,559
Speaker 1: good morning, Good morning Karen. The United Nations General Assembly

253
00:13:58,679 --> 00:14:01,040
Speaker 1: is sent to Voute today on what to suspend Russia

254
00:14:01,160 --> 00:14:04,400
Speaker 1: from the Human Rights Council. President Joe Biden accused the

255
00:14:04,480 --> 00:14:07,960
Speaker 1: Kremlin's forces of committing major war crimes in Ukraine. It

256
00:14:08,080 --> 00:14:10,200
Speaker 1: is opening day in Major League Baseball. The Mats are

257
00:14:10,240 --> 00:14:12,760
Speaker 1: at the Nationals. The Yankees Red Sox opener in New

258
00:14:12,880 --> 00:14:16,440
Speaker 1: York has been postponed because of the weather. In the NBA,

259
00:14:16,800 --> 00:14:20,400
Speaker 1: the Nets beat the next one. The Celtics won, the

260
00:14:20,400 --> 00:14:24,240
Speaker 1: Wizards lost in the NHL. The Capital's won. In golf.

261
00:14:24,360 --> 00:14:27,840
Speaker 1: Round one of the Masters begins today. Tiger Woods is

262
00:14:27,920 --> 00:14:32,000
Speaker 1: back in the field fourteen months after a devastating car crash.

263
00:14:32,280 --> 00:14:35,400
Speaker 1: Stay tuned for updates every hour on Bloomberg Radio and

264
00:14:35,920 --> 00:14:38,760
Speaker 1: a special edition of Masters tonight coming up at eleven

265
00:14:38,840 --> 00:14:41,760
Speaker 1: pm Eastern. Global News twenty four hours a day on

266
00:14:41,840 --> 00:14:44,480
Speaker 1: it Or and on Bloomberg Quick Take, powered by more

267
00:14:44,520 --> 00:14:46,960
Speaker 1: than twenty seven hundred journalists and analysts more than a

268
00:14:47,000 --> 00:14:51,040
Speaker 1: hundred twenty countries. Michael Barren, this is Bloomberg. Nathan. Okay, Michael,

269
00:14:51,040 --> 00:14:53,280
Speaker 1: thanks for coming up to five twenty on Wall Street

270
00:14:53,320 --> 00:14:57,520
Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak,

271
00:14:57,560 --> 00:14:59,800
Speaker 1: and we're joined live from Washington this morning our Bloomberg

272
00:14:59,880 --> 00:15:04,200
Speaker 1: Night nine one Studios by Bloomberg Government Congressional reporter Jack Fitzpatrick.

273
00:15:04,280 --> 00:15:06,040
Speaker 1: As we take a deeper dive into some of the

274
00:15:06,120 --> 00:15:09,600
Speaker 1: sanctions pressure that is being brought to bear on Russia

275
00:15:09,760 --> 00:15:13,120
Speaker 1: now from the US and its European allies. Jack, good morning.

276
00:15:13,120 --> 00:15:16,240
Speaker 1: We got the latest sanctions round from the US yesterday

277
00:15:16,280 --> 00:15:21,040
Speaker 1: targeting the two biggest Russian banks, even Vladimir Putin's daughters.

278
00:15:21,080 --> 00:15:25,040
Speaker 1: But the big factor that is still not being touched

279
00:15:25,040 --> 00:15:29,200
Speaker 1: at this point Russian oil and gas. Right. Well, the

280
00:15:29,200 --> 00:15:32,640
Speaker 1: the US has a much easier time pulling away from

281
00:15:32,720 --> 00:15:35,720
Speaker 1: Russian oil and gas itself, which it's doing, and that

282
00:15:35,840 --> 00:15:39,280
Speaker 1: has been decided. Uh. That was something Congress pushed Biden

283
00:15:39,320 --> 00:15:42,720
Speaker 1: on a little earlier. Though these U S sanctions that

284
00:15:42,760 --> 00:15:47,760
Speaker 1: were announced obviously don't get at uh the broader European issue. Uh,

285
00:15:47,760 --> 00:15:51,600
Speaker 1: there are still conversations about European countries pulling away from

286
00:15:51,680 --> 00:15:54,880
Speaker 1: Russian oil and gas. I believe just yesterday Italy said

287
00:15:55,120 --> 00:15:57,480
Speaker 1: they could do something like that if the rest of

288
00:15:57,480 --> 00:16:01,920
Speaker 1: the European Union was united. Uh. That is somewhere where

289
00:16:01,960 --> 00:16:05,480
Speaker 1: the president may have an informal role communicating with allies.

290
00:16:06,120 --> 00:16:09,520
Speaker 1: But in the meantime we see this further effort of

291
00:16:09,760 --> 00:16:13,760
Speaker 1: US sanctions solely on a couple of major banks, on

292
00:16:14,000 --> 00:16:18,520
Speaker 1: actually Vladimir Putin's daughters, as well as the Russian Foreign

293
00:16:18,520 --> 00:16:22,360
Speaker 1: minister's wife and daughter. So there are some some personal

294
00:16:22,400 --> 00:16:27,480
Speaker 1: connections aimed at at Putin's wealth. But obviously, yes, this

295
00:16:27,600 --> 00:16:31,360
Speaker 1: is much smaller in comparison to the broader conversation around

296
00:16:31,560 --> 00:16:35,120
Speaker 1: European imports of Russian oil and gas, and there's still

297
00:16:35,160 --> 00:16:38,800
Speaker 1: the open question about how much impact this is really having,

298
00:16:38,840 --> 00:16:41,760
Speaker 1: not just on the war, but on the Russian economy.

299
00:16:41,800 --> 00:16:46,200
Speaker 1: We've seen the images of apparent mass civilian killings in

300
00:16:46,320 --> 00:16:49,560
Speaker 1: areas where Russia had once been in northern Ukraine, and

301
00:16:49,680 --> 00:16:55,000
Speaker 1: now we've seen the ruble, which had tanked immediately after

302
00:16:55,120 --> 00:16:58,600
Speaker 1: the invasion, is basically back to where it was. I mean,

303
00:16:58,640 --> 00:17:01,560
Speaker 1: what kind of impact are these sanctions really having at

304
00:17:01,560 --> 00:17:05,119
Speaker 1: this point. Yeah, that's been bad news for the US

305
00:17:05,200 --> 00:17:09,359
Speaker 1: and the Europeans who did impose sanctions, because one, it

306
00:17:10,400 --> 00:17:12,639
Speaker 1: seems to show that it wasn't enough in terms of

307
00:17:12,920 --> 00:17:16,439
Speaker 1: European reliance on energy commodities. And also you saw that

308
00:17:16,520 --> 00:17:20,080
Speaker 1: reflected in recent comments from U S officials, including White

309
00:17:20,080 --> 00:17:24,600
Speaker 1: House Press Secretary Jensaki, who addressed UH India UH saying

310
00:17:24,680 --> 00:17:27,200
Speaker 1: that it would be a very bad thing for India

311
00:17:27,280 --> 00:17:31,280
Speaker 1: to have more of a formal economic relationship with Russia.

312
00:17:31,560 --> 00:17:35,280
Speaker 1: They are still buying energy commodities, They're the biggest buyer

313
00:17:35,520 --> 00:17:39,639
Speaker 1: of Russian weapons. Uh. That's not an area where the

314
00:17:39,760 --> 00:17:42,160
Speaker 1: US is sure they can get India to sign onto

315
00:17:42,240 --> 00:17:45,560
Speaker 1: a major sanctions regime, but they at least want to

316
00:17:45,600 --> 00:17:49,280
Speaker 1: make sure that the country, a major country such as India,

317
00:17:49,680 --> 00:17:54,080
Speaker 1: doesn't sort of establish a more solid and formal relationship

318
00:17:54,160 --> 00:17:57,879
Speaker 1: with Russia because they're trying to limit Russia's fallbacks amid

319
00:17:57,960 --> 00:18:01,840
Speaker 1: these sanctions from the West. Also heard from Treasury Secretary

320
00:18:01,920 --> 00:18:05,280
Speaker 1: Janet Yellen on Capitol Hill yesterday, kind of getting bipartisan

321
00:18:05,760 --> 00:18:10,000
Speaker 1: pressure to do more on the sanctions front. What ideas

322
00:18:10,400 --> 00:18:13,919
Speaker 1: is this the Treasury Department looking at, you know? She

323
00:18:14,000 --> 00:18:18,640
Speaker 1: spoke supportively obviously of sanctions. A lot of the US

324
00:18:18,640 --> 00:18:23,440
Speaker 1: options are perhaps a little bit more symbolic. She mentioned

325
00:18:23,440 --> 00:18:27,000
Speaker 1: that US officials would not take part in certain Group

326
00:18:27,040 --> 00:18:30,720
Speaker 1: of twenty meetings this year if Russia is allowed to participate.

327
00:18:31,240 --> 00:18:35,679
Speaker 1: That would be the Finance ministers meetings. Uh. She also

328
00:18:35,880 --> 00:18:38,840
Speaker 1: spoke a bit more broadly to the US's ability to

329
00:18:39,480 --> 00:18:44,239
Speaker 1: rally an international sanctions UH kind of pressure in the

330
00:18:44,280 --> 00:18:48,359
Speaker 1: context actually of concerns that Russia would invade Taiwan. She

331
00:18:48,480 --> 00:18:52,280
Speaker 1: did cast the sanctions actions so far against Russia is

332
00:18:52,640 --> 00:18:56,720
Speaker 1: very significant. But really that's another area where despite pressure

333
00:18:56,760 --> 00:19:00,240
Speaker 1: from Congress, there's only so much any US efficial wills

334
00:19:00,280 --> 00:19:03,440
Speaker 1: can do on a unilateral basis. Much of the pressure

335
00:19:03,480 --> 00:19:07,040
Speaker 1: is is the US working with other countries, looking to Europe,

336
00:19:07,160 --> 00:19:09,920
Speaker 1: looking to India, and obviously looking to China as well.

337
00:19:10,240 --> 00:19:13,320
Speaker 1: Just thirty seconds left here, Jack, the President's accusing Russia

338
00:19:13,359 --> 00:19:16,480
Speaker 1: of major war crimes. Do we have any more guidance

339
00:19:16,600 --> 00:19:20,560
Speaker 1: on the US effort to gather evidence against Russia? That

340
00:19:21,560 --> 00:19:24,000
Speaker 1: appears to be a bit of a slow process. The

341
00:19:24,040 --> 00:19:27,360
Speaker 1: President himself has said they need to gather the details. UH.

342
00:19:27,480 --> 00:19:30,840
Speaker 1: Lawmakers we've talked to, We just talked to Ken Calvert recently,

343
00:19:30,880 --> 00:19:33,720
Speaker 1: who's a top member for Defense spending, says that it

344
00:19:33,760 --> 00:19:36,240
Speaker 1: does appear there have been war crimes, but there's quite

345
00:19:36,240 --> 00:19:38,840
Speaker 1: the process that you need to go through. UH. The

346
00:19:38,880 --> 00:19:40,960
Speaker 1: next step to look for, obviously, would be the vote

347
00:19:41,000 --> 00:19:44,040
Speaker 1: that's supposed to happen today for the U n General

348
00:19:44,080 --> 00:19:47,280
Speaker 1: Assembly voting right to suspend Russia from the Human Rights

349
00:19:47,280 --> 00:19:50,760
Speaker 1: the Human Rights Council. Absolutely. Bloomberg Government reporter Jack Fitzpatrick,

350
00:19:50,840 --> 00:19:54,520
Speaker 1: thanks for the update from our nation's capital. SMP futures

351
00:19:54,600 --> 00:19:57,800
Speaker 1: up seven points down, futures little change down, DASTAK futures

352
00:19:57,880 --> 00:20:01,720
Speaker 1: up sixty tenure Treasury yield almost two point five seven percent.

353
00:20:02,040 --> 00:20:09,679
Speaker 1: This is Bloomberg Bloomberg eleven three. Weather. Scattered showers and storms,

354
00:20:09,720 --> 00:20:13,159
Speaker 1: low fifties today, another chance for a shower tomorrow, low sixties,

355
00:20:13,240 --> 00:20:16,000
Speaker 1: partly sunny Saturday, but can't roll out an isolated afternoon

356
00:20:16,040 --> 00:20:19,200
Speaker 1: shower upper fifties. Right now forty seven in Central Park.

357
00:20:22,080 --> 00:20:26,639
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York.

358
00:20:26,720 --> 00:20:30,560
Speaker 1: Bloomberg E Living Freedom to Washington, d C. Bloomberg on

359
00:20:30,800 --> 00:20:34,639
Speaker 1: to Boston, Bloomberg one six one to San Francisco, Bloomberg

360
00:20:34,720 --> 00:20:37,800
Speaker 1: nine sixty to the country Sirius XM Chado one nine

361
00:20:38,200 --> 00:20:41,359
Speaker 1: and around the globe the Bloomberg Business app in Bloomberg

362
00:20:41,440 --> 00:20:50,760
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's five thirty

363
00:20:50,800 --> 00:20:53,159
Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm

364
00:20:53,240 --> 00:20:55,960
Speaker 1: Karen Moscow or just about four hours away from the

365
00:20:55,960 --> 00:20:58,000
Speaker 1: open of US trading. Let's get you up to date

366
00:20:58,000 --> 00:20:59,600
Speaker 1: on the news you need to know at this hour.

367
00:20:59,680 --> 00:21:02,960
Speaker 1: Are the United Nations General Assembly votes today on whether

368
00:21:03,080 --> 00:21:06,240
Speaker 1: to spend Russia from the Human Rights Council. A key

369
00:21:06,320 --> 00:21:09,720
Speaker 1: NATO meeting focused on the war is also underway in Brussels.

370
00:21:09,840 --> 00:21:13,359
Speaker 1: Bloomberg's Maria Todayo is there and reports Ukraine's foreign minister

371
00:21:13,520 --> 00:21:16,560
Speaker 1: is asking NATO for more weapons. The Ukraini for amister

372
00:21:16,680 --> 00:21:19,040
Speaker 1: said the time for the reassurance is over. It's very

373
00:21:19,080 --> 00:21:21,480
Speaker 1: clear for Ukraine have had a big reality check on this.

374
00:21:21,800 --> 00:21:23,320
Speaker 1: The nature is not going to fight this war on

375
00:21:23,359 --> 00:21:25,639
Speaker 1: the ground, but he says, at this point what we

376
00:21:25,720 --> 00:21:29,080
Speaker 1: need is big weapons. The focus from the Ukrainian foreign

377
00:21:29,080 --> 00:21:31,320
Speaker 1: ministers to walk away, walk out from this meeting with

378
00:21:31,600 --> 00:21:34,160
Speaker 1: a clear plet from NATO that we are now going

379
00:21:34,200 --> 00:21:37,960
Speaker 1: to see heavy taks, potentially also missiles. He wants to

380
00:21:37,960 --> 00:21:40,640
Speaker 1: come out of this meeting with a clear signal from

381
00:21:40,680 --> 00:21:43,520
Speaker 1: them that he will get it, and Bloomberg's Maria Todeo

382
00:21:43,600 --> 00:21:47,399
Speaker 1: says Ukraine is also calling out Germany, specifically saying the

383
00:21:47,440 --> 00:21:49,960
Speaker 1: country has been too slow to help we many time.

384
00:21:50,000 --> 00:21:53,400
Speaker 1: In financial markets, Karen, the Russian ruble has made a comeback.

385
00:21:53,560 --> 00:21:55,840
Speaker 1: It's back to trading at the level scene before the

386
00:21:55,880 --> 00:21:58,760
Speaker 1: war began. This morning, trading at almost eighty per dollar

387
00:21:59,040 --> 00:22:01,520
Speaker 1: on Nathan, we shifted the economy now and markets here

388
00:22:01,520 --> 00:22:04,240
Speaker 1: in the US, investors are still working through the FETES

389
00:22:04,320 --> 00:22:07,520
Speaker 1: planned to pair its balance sheet while also hiking interest rates.

390
00:22:07,560 --> 00:22:10,120
Speaker 1: We get the details live with the Bloomberg's John Tucker

391
00:22:10,240 --> 00:22:13,080
Speaker 1: John Karen. Minutes from the Defense Marks meeting show a

392
00:22:13,119 --> 00:22:16,840
Speaker 1: hawk ish tilt. Officials were focused on tamping down inflation

393
00:22:16,880 --> 00:22:19,520
Speaker 1: and outlined plans to pair their balance sheet by more

394
00:22:19,560 --> 00:22:23,000
Speaker 1: than one trillion dollars a year. That's all raising concern

395
00:22:23,040 --> 00:22:25,399
Speaker 1: about whether the central Bank and the engineer a soft

396
00:22:25,480 --> 00:22:28,440
Speaker 1: landing for the economy. Many who attended the March meeting

397
00:22:28,480 --> 00:22:32,280
Speaker 1: also viewed one or more half point rate increases as

398
00:22:32,320 --> 00:22:35,840
Speaker 1: possibly appropriate. Going forward live to New York, I'm John Tucker,

399
00:22:35,880 --> 00:22:39,119
Speaker 1: Bloomberg Radio and John. A commodity called from JP Morgan

400
00:22:39,280 --> 00:22:42,160
Speaker 1: is also making news this morning. The firm says commodities

401
00:22:42,160 --> 00:22:45,399
Speaker 1: could surge as much as forty percent. That's if investors

402
00:22:45,400 --> 00:22:49,320
Speaker 1: boost raw material allocations to hedge against inflation. Well, Nathan,

403
00:22:49,400 --> 00:22:52,720
Speaker 1: Chairs of HP are surging more than cent this some morning.

404
00:22:52,760 --> 00:22:55,880
Speaker 1: The move comes on word of an investment by Warren Buffett,

405
00:22:55,880 --> 00:22:58,400
Speaker 1: and we get the latest live from Bloomberg's Ranita Young,

406
00:22:58,400 --> 00:23:01,359
Speaker 1: Good morning, Ranita, good morning. Care and Warren Buffett's Berkshire

407
00:23:01,400 --> 00:23:04,320
Speaker 1: Hathaway bought a steak in HP valued at more than

408
00:23:04,400 --> 00:23:07,600
Speaker 1: four point two billion dollars. The stock was purchased in

409
00:23:07,680 --> 00:23:11,119
Speaker 1: multiple transactions this week, and Berkshire now holds about one

410
00:23:12,200 --> 00:23:16,040
Speaker 1: million shares of HP. Berkshire has historically shied away from

411
00:23:16,080 --> 00:23:19,399
Speaker 1: technology investments, but it's leaned further into the sector in

412
00:23:19,520 --> 00:23:23,400
Speaker 1: recent years. Live in New York. I'm Nita Young, Bloomberg daybreak,

413
00:23:23,440 --> 00:23:25,399
Speaker 1: al right, RENI to thank you. S and P Future

414
00:23:25,520 --> 00:23:28,320
Speaker 1: is up eight points this morning, and straight I had

415
00:23:28,400 --> 00:23:32,560
Speaker 1: your latest local headlines plus a check of sports, and

416
00:23:32,920 --> 00:23:39,399
Speaker 1: this is Bloomberg. All right, Karen, thank you. It's five

417
00:23:39,480 --> 00:23:41,840
Speaker 1: thirty three on Wall Street, cloudy, forty seven degrees in

418
00:23:41,960 --> 00:23:45,040
Speaker 1: Central Park. Still dealing with the car carrier fire northbound

419
00:23:45,040 --> 00:23:48,320
Speaker 1: of Jersey Turnpike by interchange A. Details coming up in traffic.

420
00:23:48,400 --> 00:23:50,399
Speaker 1: First Michael Barr with more on what's going on in

421
00:23:50,480 --> 00:23:53,080
Speaker 1: New York end around the world. Michael, thank you very much. Nathan.

422
00:23:53,160 --> 00:23:55,600
Speaker 1: Major crime in New York City rose by thirty six

423
00:23:55,680 --> 00:23:58,760
Speaker 1: point five percent in March from a year ago, despite

424
00:23:58,920 --> 00:24:02,119
Speaker 1: Mayor Eric adamsforts to reduce the spike of incidents. The

425
00:24:02,280 --> 00:24:05,719
Speaker 1: n y p D says citywide shooting incidents increased by

426
00:24:05,800 --> 00:24:08,960
Speaker 1: sixteen point two percent. M y p D Commissioner Keeaching

427
00:24:09,000 --> 00:24:12,440
Speaker 1: Sewell says, though there are some positives, we are arresting

428
00:24:12,760 --> 00:24:16,200
Speaker 1: record numbers of people for shootings and homicides, and we're

429
00:24:16,280 --> 00:24:20,960
Speaker 1: clearing more cases helping to deliver justice to victims. So

430
00:24:21,160 --> 00:24:24,040
Speaker 1: far this year, the NYPD has made three hundred and

431
00:24:24,119 --> 00:24:27,800
Speaker 1: thirty five arrests linked to murders and non fatal shootings,

432
00:24:28,520 --> 00:24:31,520
Speaker 1: considerably more than the two hundred and fifty seven such

433
00:24:31,640 --> 00:24:35,440
Speaker 1: arrests made by this time last year. Commissioner Sewell says

434
00:24:35,520 --> 00:24:38,280
Speaker 1: the number of homicides fell fifteen point eight percent from

435
00:24:38,280 --> 00:24:41,800
Speaker 1: a year ago, robberies rose by forty eight point four percent,

436
00:24:41,880 --> 00:24:45,960
Speaker 1: and burglaries jumped by. The Senate is expected to confirm

437
00:24:46,000 --> 00:24:49,760
Speaker 1: Supreme Court nominique Tangi Brown Jackson today. It will secure

438
00:24:49,880 --> 00:24:52,639
Speaker 1: her place as the first black woman on the High Court.

439
00:24:52,960 --> 00:24:56,200
Speaker 1: Senate Majority leader Chuck Schummer, it will be a joyous day,

440
00:24:56,800 --> 00:25:00,640
Speaker 1: Joyous for the Senate, joyous for the Supreme Court, joyous

441
00:25:01,200 --> 00:25:05,320
Speaker 1: for America. Senator Schumer says. Three Republican senators have said

442
00:25:05,359 --> 00:25:08,760
Speaker 1: they will support Jackson, who would replace Justice Stephen Bryer

443
00:25:09,000 --> 00:25:11,760
Speaker 1: when he retires this summer. The House voted to hold

444
00:25:11,800 --> 00:25:15,119
Speaker 1: two former Trump aids, Peter Navarro and Dan Scovino, in

445
00:25:15,320 --> 00:25:18,320
Speaker 1: contempt of Congress for refusing to cooperate with the panel

446
00:25:18,440 --> 00:25:23,399
Speaker 1: investigating the capital attack. Committee Chairman Representative Bennie Thompson. If

447
00:25:23,440 --> 00:25:28,920
Speaker 1: they were father, a mother, a sister, brother, uh had children.

448
00:25:29,440 --> 00:25:31,639
Speaker 1: If they break the law, they break the law. No

449
00:25:31,840 --> 00:25:35,160
Speaker 1: one's above the law. Representative Thompson says. The New York

450
00:25:35,200 --> 00:25:38,560
Speaker 1: Party line vote will send the criminal referrals for Navarro

451
00:25:38,680 --> 00:25:42,800
Speaker 1: and Scavino to the Justice Department for possible prosecution. Global

452
00:25:42,880 --> 00:25:45,280
Speaker 1: News twenty four hours a day on air and on

453
00:25:45,359 --> 00:25:49,160
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists

454
00:25:49,160 --> 00:25:52,320
Speaker 1: and analysts in more than one twenty countries. Michael Barr,

455
00:25:52,440 --> 00:26:00,840
Speaker 1: This is Bloomberg, Nathan. Thanks Michael. On Wall Street. Time

456
00:26:00,880 --> 00:26:03,800
Speaker 1: for the Bloomberg Sports Update. Here's John Stanshower. Thanks Nathan.

457
00:26:03,880 --> 00:26:06,600
Speaker 1: No secret for Knicks wanted to sign Kevin Duran a

458
00:26:06,640 --> 00:26:09,119
Speaker 1: few years ago, maybe because they can't beat him. Durant's

459
00:26:09,200 --> 00:26:12,800
Speaker 1: career record versus the Knicks is twenty and three hasn't

460
00:26:12,840 --> 00:26:15,160
Speaker 1: lost to them since two thousand thirteen when he played

461
00:26:15,200 --> 00:26:17,560
Speaker 1: for Oklahoma City. Katie is a free agent, of course,

462
00:26:17,640 --> 00:26:19,480
Speaker 1: chose the Nets over the Knicks and at the guard

463
00:26:19,480 --> 00:26:21,359
Speaker 1: and he put on his show thirty two points, twenty

464
00:26:21,480 --> 00:26:24,800
Speaker 1: three in the second half, ten rebounds, eleven assist. The

465
00:26:24,920 --> 00:26:27,760
Speaker 1: Nets came from twenty one down to win one ten

466
00:26:27,920 --> 00:26:29,679
Speaker 1: ninety eight if they win their last two games. They

467
00:26:29,760 --> 00:26:32,399
Speaker 1: finished seventh in the East, which means they'll need to

468
00:26:32,440 --> 00:26:34,640
Speaker 1: win just one home game to move into the first round.

469
00:26:34,640 --> 00:26:37,840
Speaker 1: Their coach that now we need our best effort, and

470
00:26:38,000 --> 00:26:40,960
Speaker 1: I think something that that is a difficult kind of

471
00:26:41,040 --> 00:26:45,000
Speaker 1: mix of emotions and physical and mental exhaustion that we

472
00:26:45,119 --> 00:26:47,520
Speaker 1: have to weather here for a little bit. But you know,

473
00:26:47,600 --> 00:26:49,159
Speaker 1: the nights like to night can help us kind of

474
00:26:49,280 --> 00:26:51,680
Speaker 1: freshen up and feel that belief again. It was the

475
00:26:51,800 --> 00:26:54,639
Speaker 1: second huge MSG comeback by the Nets. They had an

476
00:26:54,640 --> 00:26:57,080
Speaker 1: earlier win from twenty eight down that was without Durant

477
00:26:57,119 --> 00:26:59,800
Speaker 1: and Fabry Urdy. Opening day, there are seven games not

478
00:27:00,000 --> 00:27:01,720
Speaker 1: the Yankees and Red Sacks at the stadium that was

479
00:27:01,760 --> 00:27:04,800
Speaker 1: postponed until tomorrow. The Mets opener in Washington was moved

480
00:27:05,160 --> 00:27:07,359
Speaker 1: from four o'clock to seven first game of the year,

481
00:27:07,400 --> 00:27:10,560
Speaker 1: Wrigley Field Braves today will host their champion to hoist

482
00:27:10,600 --> 00:27:13,600
Speaker 1: their championship batterer in Atlanta. Show Hey Otani will be

483
00:27:13,680 --> 00:27:15,639
Speaker 1: on the mount for the Angels. Tonight They'll be Cleveland's

484
00:27:15,680 --> 00:27:19,040
Speaker 1: first game known as the Guardians. The Master's teas off today.

485
00:27:19,080 --> 00:27:21,840
Speaker 1: All eyes on Tiger Woods, but there are others in

486
00:27:21,920 --> 00:27:24,919
Speaker 1: the field like Scottie Scheffler, hottest golfer now ranked number one.

487
00:27:24,920 --> 00:27:27,760
Speaker 1: He teas off just before eleven this morning, Dustin Johnson

488
00:27:27,880 --> 00:27:30,720
Speaker 1: Jordan's steet Roy McElroy Brooks kept it off way this afternoon,

489
00:27:31,040 --> 00:27:33,800
Speaker 1: hourly updates on Bloomberg Radio, and a wrap up show

490
00:27:33,880 --> 00:27:38,400
Speaker 1: tonight at eleven John Statue, Bloomberg School. Thanks John seven

491
00:27:38,440 --> 00:27:40,480
Speaker 1: on Wall Street. Time for the tri state business for

492
00:27:40,600 --> 00:27:44,119
Speaker 1: Fort Pierce, Bloomberg's ed Corey jet fuel supplies here draining

493
00:27:44,200 --> 00:27:47,480
Speaker 1: fast on the East Coast, supporting wholesale prices at near

494
00:27:47,560 --> 00:27:50,439
Speaker 1: record highs. Just one demand for air travel is closing

495
00:27:50,520 --> 00:27:54,359
Speaker 1: the gap to pre pandemic levels. Jet fuels going for

496
00:27:54,440 --> 00:27:57,520
Speaker 1: seven dollars forty nine cents a gallon, almost double the

497
00:27:57,560 --> 00:27:59,679
Speaker 1: price of diesel in New York, and more than one

498
00:27:59,720 --> 00:28:03,600
Speaker 1: and a half times that of gasoline. Cheesecake factories facing

499
00:28:03,640 --> 00:28:07,000
Speaker 1: a federal lawsuit from two employees and yonkers. They claim

500
00:28:07,080 --> 00:28:10,000
Speaker 1: the restaurants deliberately cheated them out of minimum and overtime

501
00:28:10,040 --> 00:28:15,280
Speaker 1: wages and improperly delayed paychecks. Cheesecake Factory didn't immediately respond

502
00:28:15,320 --> 00:28:19,159
Speaker 1: to Bloomberg's request for comment. New Jersey residents who want

503
00:28:19,200 --> 00:28:22,200
Speaker 1: to improve their financial literacy can access a host of

504
00:28:22,280 --> 00:28:25,879
Speaker 1: free services on a new website launched by the Treasury Department.

505
00:28:26,320 --> 00:28:29,920
Speaker 1: It offers free financial education courses. You can find it

506
00:28:30,040 --> 00:28:36,040
Speaker 1: at n J finn Litt dot Enrich dot org. That's Bloomberg.

507
00:28:36,119 --> 00:28:38,960
Speaker 1: Try State Business Report. I'm Ed Corey. Thank you had

508
00:28:39,000 --> 00:28:41,160
Speaker 1: five thirty eight on Wall Street. Bloomberg Radio is on

509
00:28:41,240 --> 00:28:43,480
Speaker 1: the air from San Francisco to New York, London to

510
00:28:43,600 --> 00:28:45,840
Speaker 1: Hong Kong. Let's check in with our global news team

511
00:28:45,920 --> 00:28:47,560
Speaker 1: for some of the tough stories heard on our three

512
00:28:47,640 --> 00:28:54,160
Speaker 1: hundred affiliate radio stations around the world. I'm Steve Potaskan

513
00:28:54,320 --> 00:28:56,800
Speaker 1: on ten ten Wins in New York. We're talking about

514
00:28:56,840 --> 00:28:59,600
Speaker 1: how there really hasn't been much of a housing boom

515
00:28:59,680 --> 00:29:04,080
Speaker 1: and the wealthy as suburbs um Cornitanaho on WHSM movill

516
00:29:04,160 --> 00:29:07,240
Speaker 1: Toyota says sticking to sedance is the secret to success

517
00:29:07,280 --> 00:29:09,800
Speaker 1: in the US. Time genus are ready and for double

518
00:29:09,880 --> 00:29:13,840
Speaker 1: ne bbm in Chicago. I'm reporting that McDonald's shareholders will

519
00:29:14,080 --> 00:29:16,560
Speaker 1: both to spring on whether or not the company should

520
00:29:16,600 --> 00:29:19,360
Speaker 1: conduct the civil rights audit. Caroline Head called blue Bag

521
00:29:19,440 --> 00:29:21,600
Speaker 1: d a B Digital Media in londs of wampool ting

522
00:29:21,760 --> 00:29:25,440
Speaker 1: on the governor's news strategic energy plan focus on more

523
00:29:25,600 --> 00:29:28,960
Speaker 1: nuclear and official win. I bet Cory on w w

524
00:29:29,280 --> 00:29:32,600
Speaker 1: J in Detroit. I'm reporting shares of automakers and electric

525
00:29:32,760 --> 00:29:36,640
Speaker 1: vehicle startups plunged on Tuesday as investors worried about the

526
00:29:36,720 --> 00:29:39,840
Speaker 1: industries of my change. Those are some of the stories

527
00:29:39,880 --> 00:29:42,840
Speaker 1: our twenty seven hundred Bloomberg journalists and analysts are working

528
00:29:42,880 --> 00:29:45,240
Speaker 1: on this morning around the world. It's five thirty nine

529
00:29:45,280 --> 00:29:49,320
Speaker 1: on Wall Street. The following is an editorial from Bloomberg Opinion.

530
00:29:49,560 --> 00:29:53,160
Speaker 1: A few phenomena illustrate the irrational exuberance of the early

531
00:29:53,280 --> 00:29:58,640
Speaker 1: twenties US stock market, like special purpose acquisition companies respects.

532
00:29:59,040 --> 00:30:02,240
Speaker 1: Over the past few year, investors have entrusted hundreds of

533
00:30:02,280 --> 00:30:05,040
Speaker 1: billions of dollars to these so called blank check companies

534
00:30:05,520 --> 00:30:08,880
Speaker 1: with amazing little understanding of what they would receive or

535
00:30:08,960 --> 00:30:11,920
Speaker 1: how much it would cost. Last week, the Security is

536
00:30:11,920 --> 00:30:15,600
Speaker 1: an Exchange Commission announced it was stepping into ensure investors

537
00:30:15,960 --> 00:30:18,560
Speaker 1: have a better sense of what they're doing. The rules

538
00:30:18,640 --> 00:30:23,280
Speaker 1: that proposed are sensible, but unfortunately a little late. SPACs

539
00:30:23,360 --> 00:30:26,040
Speaker 1: raised just seven billion dollars in the first three months

540
00:30:26,080 --> 00:30:29,280
Speaker 1: of two, down from a hundred and thirty nine billion

541
00:30:29,360 --> 00:30:32,240
Speaker 1: dollars in the year ago period. It's a shame the

542
00:30:32,400 --> 00:30:36,920
Speaker 1: SEC waited until the boom passed before moving to protect investors. Still,

543
00:30:37,200 --> 00:30:40,520
Speaker 1: its proposals are worth putting into effect. At least next

544
00:30:40,560 --> 00:30:43,280
Speaker 1: time around, people will know what they're getting into. This

545
00:30:43,520 --> 00:30:46,480
Speaker 1: editorial was written by the Bloomberg Opinion Editorial Board. I'm

546
00:30:46,560 --> 00:30:49,440
Speaker 1: David Shipley. For more Bloomberg Opinion, please go to Bloomberg

547
00:30:49,480 --> 00:30:52,520
Speaker 1: dot com, slash Opinion or ope and go on the

548
00:30:52,560 --> 00:30:56,440
Speaker 1: Bloomberg Terminal. These has been Bloomberg Opinion. Listen for Bloomberg

549
00:30:56,480 --> 00:31:00,160
Speaker 1: Opinion editorials every weekday. At this time, terminal customers can

550
00:31:00,240 --> 00:31:03,680
Speaker 1: read more at O, P I, n GO, SMP futures

551
00:31:03,760 --> 00:31:07,200
Speaker 1: up nine points, staff futures also up nine NASTAC features

552
00:31:07,280 --> 00:31:09,760
Speaker 1: up sixty seven points, and the tenure Treasury is up

553
00:31:09,800 --> 00:31:12,560
Speaker 1: six thirty seconds. The yield two point five seven percent

554
00:31:12,680 --> 00:31:15,720
Speaker 1: yield on the two year two point for three. You're

555
00:31:15,800 --> 00:31:24,200
Speaker 1: listening to Bloomberg Daybreak Bloomberg eleven three oh Weather. Scattered

556
00:31:24,240 --> 00:31:26,840
Speaker 1: showers and storms today, low fifties for highs, a mix

557
00:31:26,880 --> 00:31:29,440
Speaker 1: of sun and clouds. Chance for a shower tomorrow, low sixties.

558
00:31:29,640 --> 00:31:33,080
Speaker 1: Cambra at an isolated shower on Saturday. Upper fifties right

559
00:31:33,120 --> 00:31:34,600
Speaker 1: now forty seven in Central Park