Speaker 1: By from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for Thursday, April seven two. Coming up this hour,
Speaker 1: the US and its allies line up more sanctions on
Speaker 1: Russia as the trust cities in Ukraine grow. Stock sell
Speaker 1: off after hawkish minutes from the Federal Reserve, and we'll
Speaker 1: tell you which company surging on news of a four
Speaker 1: billion dollars steak from Warren Buffett. The rate of major
Speaker 1: crimes in New York City is up. Plus It's confirmation
Speaker 1: day for Supreme Court nominee the Donjy Brown Jackson. I
Speaker 1: might be warm. More ahead, I'm John S Showering Spards.
Speaker 1: Second half, come back by the Nets to beat the NIXT.
Speaker 1: The Master's teams off today and the Mets open their
Speaker 1: seeds in in Washington. That's all straight ahead on Bloomberg
Speaker 1: day Break on Bloomberg eleven FREEO New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Sirius x M one nineteen and around
Speaker 1: the world on the Bloomberg Radio dot com and via
Speaker 1: the Bloomberg Business App. Good morning, I'm Nathan Hagar and
Speaker 1: I'm Karen. Moscow and SMP futures are higher this morning,
Speaker 1: where coming up to five A one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg, SMP futures up eight points down
Speaker 1: futures are a little changed, and Nastack futures are up
Speaker 1: sixty five. The decks in Germany's up about half percent.
Speaker 1: Ten year treasury up eight thirty seconds, yield two point
Speaker 1: five six percent, and the yield on the two year
Speaker 1: two point four two percent. NIMEX screwed oil is up
Speaker 1: half percent, or forty five cents at ninety six dollars
Speaker 1: sixty eight cents a barrel. Nathan, all right, Karen, we'll
Speaker 1: have more on the markets in a minute. First, the
Speaker 1: latest on the war and more evidence of atrocities against
Speaker 1: civilians in Ukraine. The US and its allies are lining
Speaker 1: up more sanctions on Russia. Amy Morris has more from
Speaker 1: our Bloomberg newsroom in Washington. These new sanctions target two
Speaker 1: of Russia's biggest banks and Vladimir Putin's adult daughters. Chattam
Speaker 1: House associate fellow Katerina Waldschuck tells Bloomberg Television. Russia was
Speaker 1: the eleventh largest economy in the world, so there are
Speaker 1: consequences beyond Russia's borders. Wolfs the West now really reckons
Speaker 1: with is the func that we have very extensive interdependence
Speaker 1: with Russia, with Russians, with the financial institution for Russian bunks,
Speaker 1: but specifically energy swell and European foreign ministers are likely
Speaker 1: to discuss an oil embargo on Russia when they meet
Speaker 1: next week. Ukraine's foreign minister pleaded for more weapons during
Speaker 1: a NATO meeting in Brussels. The mayor of Mariople says
Speaker 1: more than five thousand civilians have been killed in his city.
Speaker 1: In Washington, I'm maybe Morris Bloomberg daybreak, all right, Amy,
Speaker 1: thank you all. Another note on the war. It looks
Speaker 1: like the United Nations General Assembly could end up suspending
Speaker 1: Russia from the Human Rights Council. The Council plans to
Speaker 1: vote on the matter later today. One the days after
Speaker 1: the war began, careing the Russian ruble collapse, Remember that
Speaker 1: sanctions on Moscow sank it to a record low of
Speaker 1: a hundred only one per dollar. Things look dire enough
Speaker 1: that President Biden said the ruble had been reduced to rubble.
Speaker 1: Now the ruble has surged all the way back to
Speaker 1: where it was before Putin invaded Ukraine. Right now it's
Speaker 1: trading around eighty per dollar. Well, Nathan, we're seeing fallout
Speaker 1: this morning from a one company's exit from Russia. Shares
Speaker 1: of Shell are down one percent in European trading. The
Speaker 1: oil giant said it's withdrawal from the country. It will
Speaker 1: result in four to five billion dollars of impairments. Shall
Speaker 1: also warrants that price volatility in the first quarter could
Speaker 1: hit cash flow. All right, let's shift to the economy
Speaker 1: now and markets back here in the US, investors are
Speaker 1: still working through. The FEDS planned to parents balance sheet
Speaker 1: by more than a trillion dollars a year while also
Speaker 1: hiking interest rates. Let's get more live with Bloomberg's John Tucker,
Speaker 1: John Nathan. The plan is spelled out in the just
Speaker 1: released minutes of the fens March meeting. Many officials viewed
Speaker 1: one or more half point interest rate increases as possibly
Speaker 1: appropriate going forward, that is, if the rate of inflation
Speaker 1: doesn't come down. They also proposed shrinking the central banks
Speaker 1: balance sheet in line with market expectations. Michael Sheldon had
Speaker 1: high tower r D and financial groups. As the FED
Speaker 1: has been down this road before. They also, unfortunately have
Speaker 1: a poor track record of raising rates too aggressively and
Speaker 1: causing a downturn in the economy. And that's what I
Speaker 1: think investors are getting kind of a jittery about right now.
Speaker 1: Michael Sheldon, r D m worries the Central Bank could
Speaker 1: slow growth more than it intends. Bloomberg Economics says the
Speaker 1: Fed Metta showed noticeably more alarm about recent the inflation developments.
Speaker 1: Live in New York. I'm John Tucker, Bloomberg, debreak. All right, John,
Speaker 1: thank you all. Stocks in Asia slid overnight, hitting a
Speaker 1: three week low. There's concerning a rapid rise in US
Speaker 1: interest rates could hit growth and hurt earnings. And let's
Speaker 1: get the recap from Bloomberg's Juliette Sally in Singapore. Good morning, Juliette,
Speaker 1: Good morning Karen. The m s c I Asia Pacific
Speaker 1: Index lost as much as one point three for a
Speaker 1: third day of declines, led by tech shares in Japan
Speaker 1: and Taiwan. Stokes in Hong Kong and China fell, while
Speaker 1: the one weekend as officials once again signaled the intent
Speaker 1: loosen policy amid the COVID outbreak and property market was
Speaker 1: a Bloomberg Intelligence gauge tracking McCaw casino Stokes Film more
Speaker 1: than three percent as a number of third party casinos
Speaker 1: could end their gaming operations in Macau in Singapore, Juliette
Speaker 1: Sally Bloomba, Daybreak. Thanks Juliet. Back here in the US,
Speaker 1: a big name in PCs is getting a boost from
Speaker 1: a big name on Wall Street. Shares of HP are
Speaker 1: surging more than eleven percent this morning on word of
Speaker 1: an investment from Warren Buffett. Let's get the latest lie
Speaker 1: from Bloomberg's greunit a Young. Good morning, Granita, Good morning, Nathan.
Speaker 1: Warren Buffett's Berkshire Hathaway bought a steak in HP valued
Speaker 1: at more than four point two billion dollars. The stock
Speaker 1: was purchased in multiple transactions this week, and a regulatory
Speaker 1: filing shows Berkshire now holds about one million shares of HP.
Speaker 1: Berkshire has historically shied away from technology investments, but it's
Speaker 1: leaned further into that sector in recent years. Live in
Speaker 1: New York, I'm Rnita Young Bloomberg Daybreak. All right, Granita,
Speaker 1: thank you. While turning to the pandemic. Now there's cancer
Speaker 1: and about a potential rise in new COVID cases and
Speaker 1: has FDA advisors worried about vaccine plans. Bloomberg's At Baxter
Speaker 1: has the story. The advisors say the FDA should be
Speaker 1: developing a consistent standard for vaccines as new variants emerge.
Speaker 1: They say the odds are roughly twenty of another oh
Speaker 1: Macron like event in the next twelve months, and i
Speaker 1: H director Dr Anthony Fauci on Bloomberg's Balance of Power
Speaker 1: with David Weston says it will depend on a number
Speaker 1: of things. Hopefully there's enough background immunity so that we
Speaker 1: don't wind up with a lot of hospitalizations. The best
Speaker 1: way to avoid that it is to get more people
Speaker 1: vaccinated and boosted. In San Francisco, I'm at Baxter Bloomberg Daybreak.
Speaker 1: And then we're seeing another impact from the pandemic on
Speaker 1: the housing market. A new report from real estate research
Speaker 1: firm Adam Data Solutions shows home prices and some of
Speaker 1: the country's pricest neighborhoods are staying somewhat subdued. Up scale
Speaker 1: suburbs of Washington, D C. And wealthy New York towns
Speaker 1: are among markets with the slowest price appreciation. Finding show
Speaker 1: at the spread of remote work during the pandemic has
Speaker 1: allowed many people to opt for living somewhere more affordable.
Speaker 1: SMP futures right now up seven point, staff futures down eight,
Speaker 1: NASTACK futures up fifty nine points. The tenure treasury is
Speaker 1: up seven thirty seconds, the yield two point five seven percent.
Speaker 1: Local headlines and a check of sports up next. This
Speaker 1: is Bloomberg seven on Wall Street, degrees in Central Park
Speaker 1: and dealing with a truck fire in the New Jersey Turnpike.
Speaker 1: It's northbound neary inter Change. Aide details coming up in
Speaker 1: traffic again. We are at forty seven degrees in Central
Speaker 1: Park and Michael barrs here with what else is going
Speaker 1: on in New York and around the world. Good morning Michael,
Speaker 1: Good morning Nathan. Major crime in New York City rose
Speaker 1: by thirty six point five percent in March from a
Speaker 1: year ago. Despite Mayor Eric Adams efforts to reduce a
Speaker 1: spike of incidents that have persisted since the pandemic began,
Speaker 1: The NYPD says citywide shooting incidents increased by more than
Speaker 1: sixteen percent. NYPD Commissioner Teaching Sewul says, we are faced
Speaker 1: single perception among criminals that there are no consequences, even
Speaker 1: among serious crime. While there is no doubt that we
Speaker 1: face challenges and reversing years will not take weeks. The
Speaker 1: NYPD remains steadfast in its vision, plan and commitment to
Speaker 1: the residents, businesses and visitors to this city. Commissioners Sewell's
Speaker 1: has the number of homicides fell by almost sixteen percent
Speaker 1: from a year ago and robberies rose by more than
Speaker 1: forty eight percent. The Senate will vote on final confirmation
Speaker 1: of President Biden Supreme Court nominee Judge Katanji Brown Jackson
Speaker 1: this afternoon. Senate Majority Leader Chuck Schumer made the announcement
Speaker 1: on the floor last night. First and foremost, we have
Speaker 1: reached an agreement for the Senate to conclude the confirmation
Speaker 1: process of Judge Katangi Brown Jackson. Jackson would become the
Speaker 1: first black woman to sit on the nation's highest court.
Speaker 1: The House voted the whole two former top Trump administration
Speaker 1: officials in contempt of Congress for defying subpoenas from the
Speaker 1: committee investigating the Ryan at the US Capital Committee Chair
Speaker 1: Bennie Thompson. We act the individuals a peine at the
Speaker 1: end to come before the committee, and they chose not
Speaker 1: to come, and therefore they broke the law. And that's
Speaker 1: why we are here today. Representative Bennie Thompson. The New
Speaker 1: York Party line vote sends the contempt resolution for Dan
Speaker 1: Scovino and Peter Navarro for referral to the Justice Department
Speaker 1: for possible prosecution. The Postal Reform Act is now law.
Speaker 1: President Biden signed the bill. Biden says the legislation guarantees
Speaker 1: at the mail will continue to be delivered six days
Speaker 1: a week. The bill increases transparency by requiring the postal
Speaker 1: service to develop online on an online public dashboard, updated
Speaker 1: weekly with local and national service performance data. President Biden
Speaker 1: Global News twenty four hours a day on here and
Speaker 1: on Bloomberg quick Take, powered by more than seven under
Speaker 1: journalists analysts more than a hundred twenty countries. Michael bar
Speaker 1: this is Bloomberg. Nathan all right, Michael, thanks five O
Speaker 1: on Wall Street. Time for the Bloomberg Sports Update. Good morning,
Speaker 1: John Stanshar good more than Nathan Nix and nets at
Speaker 1: the garden. First half was all Nicks. They had a
Speaker 1: nineteen to nothing. Run let at halftime by seventeen, but
Speaker 1: the Nets, who are not exactly known for their defense,
Speaker 1: held the next to the second halfter just thirty one points.
Speaker 1: They had scored thirty eight in the second quarter of
Speaker 1: the Nets scored thirty eight and the four they won
Speaker 1: one ten to ninety eight. Kevin Ran scored thirty two
Speaker 1: points and had a triple double. Obviously, every game is
Speaker 1: important for us, and not just in the standards, but
Speaker 1: for us to taint to build on what we want
Speaker 1: to do out there. Um and I think the first
Speaker 1: half we didn't. We didn't play Nets brand of basketball
Speaker 1: stuff that we preach about, execute cractice every day. We
Speaker 1: don't go at the second half, Yeah, that's who we are.
Speaker 1: Had He mentioned the standings the Nets in the battle
Speaker 1: with Cleveland and Atlanta to finish seventh, that means one
Speaker 1: win at home and they can advance Rangers. It was
Speaker 1: Pittsburgh tonight could be a playoff preview. While the Yankee
Speaker 1: opener with the Red Sox was moved to tomorrow, the
Speaker 1: Mets opener in Washington is on the fight. Some rain
Speaker 1: forecasts in DC, they pushed the start from four o'clock
Speaker 1: back to seven The Mets hope to have Jacob i
Speaker 1: Gram on the mount for the opener. If not him,
Speaker 1: then Max Serzer instead. It's Tyler McGill. The grand may
Speaker 1: not pitch until June to there was shoulder injury. Insures,
Speaker 1: who's got a tight hamstring, is expected to make his
Speaker 1: Max debut Saturday against his old team. While Tiger Woods
Speaker 1: is surprisingly in the master's field. Phil Nicholson is missing
Speaker 1: his first Master since nineteen ninety four, three time champ,
Speaker 1: taking time off. He was criticized for his disparaging remarks
Speaker 1: about the PGA tour. The Masters says Michelson was invited
Speaker 1: and it was his decision not to play. Bloomberg Radio
Speaker 1: Hourly Masters Update starting today and The Masters tonight at eleven.
Speaker 1: John Stashoward, Bloomberg Sports. Okay, John, Thanks and just crossing
Speaker 1: the Bloomberg terminal. European Central Bank President Christine Lagarde has
Speaker 1: just announced that she has tested positive for COVID nineteen.
Speaker 1: She says the diagnosis will not affect ECB operations. Looking
Speaker 1: ahead to the market, open SMP futures are up five points,
Speaker 1: staff futures down twenty three, NASTAX futures higher by fifty
Speaker 1: five points you're listening to Bloomberg Daybreak Bloomberg eleven three
Speaker 1: oh weather. Scattered showers and storms today, low fifties for
Speaker 1: highest chance for a shower tomorrow as well, low sixties,
Speaker 1: maybe an isolated shower on Saturday. Otherwise partly sunny, upper
Speaker 1: fifties currently forty seven and cloudy in Central Park. Markets.
Speaker 1: Headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, The Bloomberg Business at and at Bloomberg
Speaker 1: Quick Tape. He's a Bloomberg Business lash When I'm Karen Moscow.
Speaker 1: European Central Bank President Christine Lagard says she tested positive
Speaker 1: for COVID nineteen, adding that her symptoms are reasonably mild
Speaker 1: and that there won't be any impact on the operations
Speaker 1: of her institution. The ECB is governing council meets next
Speaker 1: week to set monetary policy for the euro Area. Markets, meanwhile,
Speaker 1: are showing signs of stabilizing as traders step into after
Speaker 1: a sell off sparked by the federal reserves. Hawkish tailed
Speaker 1: stocks in Europe are higher. SNP and NASDAG futures are rising.
Speaker 1: We checked the markets every fifteen minutes throughout the trading day, Bloomberg.
Speaker 1: SNP Future is up about nine points down Future is
Speaker 1: little change. NASDACK future is up sixty seven. The decks
Speaker 1: in Germany's have about four tenths of upper sent ten
Speaker 1: year treasury of seven thirty seconds ye two point five
Speaker 1: six percent. They yield on the two year two point
Speaker 1: four three percent. Nim X screwed oil is up one percent,
Speaker 1: or ninety eight cents and ninety seven dollars twenty cents
Speaker 1: of barrel comes. Gold is up a third of a percent,
Speaker 1: or seven dollars ten cents. In nineteen thirty twenty announced
Speaker 1: the euro one point eight seven seven against the dollar
Speaker 1: British pound one point three zero seven two. They ended
Speaker 1: one twenty three point seven to bitcoin moving lower, down
Speaker 1: one point one percent at forty three thousand, three hundred
Speaker 1: ninety dollars. That's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world. Michael,
Speaker 1: good morning, Good morning Karen. The United Nations General Assembly
Speaker 1: is sent to Voute today on what to suspend Russia
Speaker 1: from the Human Rights Council. President Joe Biden accused the
Speaker 1: Kremlin's forces of committing major war crimes in Ukraine. It
Speaker 1: is opening day in Major League Baseball. The Mats are
Speaker 1: at the Nationals. The Yankees Red Sox opener in New
Speaker 1: York has been postponed because of the weather. In the NBA,
Speaker 1: the Nets beat the next one. The Celtics won, the
Speaker 1: Wizards lost in the NHL. The Capital's won. In golf.
Speaker 1: Round one of the Masters begins today. Tiger Woods is
Speaker 1: back in the field fourteen months after a devastating car crash.
Speaker 1: Stay tuned for updates every hour on Bloomberg Radio and
Speaker 1: a special edition of Masters tonight coming up at eleven
Speaker 1: pm Eastern. Global News twenty four hours a day on
Speaker 1: it Or and on Bloomberg Quick Take, powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael Barren, this is Bloomberg. Nathan. Okay, Michael,
Speaker 1: thanks for coming up to five twenty on Wall Street
Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak,
Speaker 1: and we're joined live from Washington this morning our Bloomberg
Speaker 1: Night nine one Studios by Bloomberg Government Congressional reporter Jack Fitzpatrick.
Speaker 1: As we take a deeper dive into some of the
Speaker 1: sanctions pressure that is being brought to bear on Russia
Speaker 1: now from the US and its European allies. Jack, good morning.
Speaker 1: We got the latest sanctions round from the US yesterday
Speaker 1: targeting the two biggest Russian banks, even Vladimir Putin's daughters.
Speaker 1: But the big factor that is still not being touched
Speaker 1: at this point Russian oil and gas. Right. Well, the
Speaker 1: the US has a much easier time pulling away from
Speaker 1: Russian oil and gas itself, which it's doing, and that
Speaker 1: has been decided. Uh. That was something Congress pushed Biden
Speaker 1: on a little earlier. Though these U S sanctions that
Speaker 1: were announced obviously don't get at uh the broader European issue. Uh,
Speaker 1: there are still conversations about European countries pulling away from
Speaker 1: Russian oil and gas. I believe just yesterday Italy said
Speaker 1: they could do something like that if the rest of
Speaker 1: the European Union was united. Uh. That is somewhere where
Speaker 1: the president may have an informal role communicating with allies.
Speaker 1: But in the meantime we see this further effort of
Speaker 1: US sanctions solely on a couple of major banks, on
Speaker 1: actually Vladimir Putin's daughters, as well as the Russian Foreign
Speaker 1: minister's wife and daughter. So there are some some personal
Speaker 1: connections aimed at at Putin's wealth. But obviously, yes, this
Speaker 1: is much smaller in comparison to the broader conversation around
Speaker 1: European imports of Russian oil and gas, and there's still
Speaker 1: the open question about how much impact this is really having,
Speaker 1: not just on the war, but on the Russian economy.
Speaker 1: We've seen the images of apparent mass civilian killings in
Speaker 1: areas where Russia had once been in northern Ukraine, and
Speaker 1: now we've seen the ruble, which had tanked immediately after
Speaker 1: the invasion, is basically back to where it was. I mean,
Speaker 1: what kind of impact are these sanctions really having at
Speaker 1: this point. Yeah, that's been bad news for the US
Speaker 1: and the Europeans who did impose sanctions, because one, it
Speaker 1: seems to show that it wasn't enough in terms of
Speaker 1: European reliance on energy commodities. And also you saw that
Speaker 1: reflected in recent comments from U S officials, including White
Speaker 1: House Press Secretary Jensaki, who addressed UH India UH saying
Speaker 1: that it would be a very bad thing for India
Speaker 1: to have more of a formal economic relationship with Russia.
Speaker 1: They are still buying energy commodities, They're the biggest buyer
Speaker 1: of Russian weapons. Uh. That's not an area where the
Speaker 1: US is sure they can get India to sign onto
Speaker 1: a major sanctions regime, but they at least want to
Speaker 1: make sure that the country, a major country such as India,
Speaker 1: doesn't sort of establish a more solid and formal relationship
Speaker 1: with Russia because they're trying to limit Russia's fallbacks amid
Speaker 1: these sanctions from the West. Also heard from Treasury Secretary
Speaker 1: Janet Yellen on Capitol Hill yesterday, kind of getting bipartisan
Speaker 1: pressure to do more on the sanctions front. What ideas
Speaker 1: is this the Treasury Department looking at, you know? She
Speaker 1: spoke supportively obviously of sanctions. A lot of the US
Speaker 1: options are perhaps a little bit more symbolic. She mentioned
Speaker 1: that US officials would not take part in certain Group
Speaker 1: of twenty meetings this year if Russia is allowed to participate.
Speaker 1: That would be the Finance ministers meetings. Uh. She also
Speaker 1: spoke a bit more broadly to the US's ability to
Speaker 1: rally an international sanctions UH kind of pressure in the
Speaker 1: context actually of concerns that Russia would invade Taiwan. She
Speaker 1: did cast the sanctions actions so far against Russia is
Speaker 1: very significant. But really that's another area where despite pressure
Speaker 1: from Congress, there's only so much any US efficial wills
Speaker 1: can do on a unilateral basis. Much of the pressure
Speaker 1: is is the US working with other countries, looking to Europe,
Speaker 1: looking to India, and obviously looking to China as well.
Speaker 1: Just thirty seconds left here, Jack, the President's accusing Russia
Speaker 1: of major war crimes. Do we have any more guidance
Speaker 1: on the US effort to gather evidence against Russia? That
Speaker 1: appears to be a bit of a slow process. The
Speaker 1: President himself has said they need to gather the details. UH.
Speaker 1: Lawmakers we've talked to, We just talked to Ken Calvert recently,
Speaker 1: who's a top member for Defense spending, says that it
Speaker 1: does appear there have been war crimes, but there's quite
Speaker 1: the process that you need to go through. UH. The
Speaker 1: next step to look for, obviously, would be the vote
Speaker 1: that's supposed to happen today for the U n General
Speaker 1: Assembly voting right to suspend Russia from the Human Rights
Speaker 1: the Human Rights Council. Absolutely. Bloomberg Government reporter Jack Fitzpatrick,
Speaker 1: thanks for the update from our nation's capital. SMP futures
Speaker 1: up seven points down, futures little change down, DASTAK futures
Speaker 1: up sixty tenure Treasury yield almost two point five seven percent.
Speaker 1: This is Bloomberg Bloomberg eleven three. Weather. Scattered showers and storms,
Speaker 1: low fifties today, another chance for a shower tomorrow, low sixties,
Speaker 1: partly sunny Saturday, but can't roll out an isolated afternoon
Speaker 1: shower upper fifties. Right now forty seven in Central Park.
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E Living Freedom to Washington, d C. Bloomberg on
Speaker 1: to Boston, Bloomberg one six one to San Francisco, Bloomberg
Speaker 1: nine sixty to the country Sirius XM Chado one nine
Speaker 1: and around the globe the Bloomberg Business app in Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's five thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow or just about four hours away from the
Speaker 1: open of US trading. Let's get you up to date
Speaker 1: on the news you need to know at this hour.
Speaker 1: Are the United Nations General Assembly votes today on whether
Speaker 1: to spend Russia from the Human Rights Council. A key
Speaker 1: NATO meeting focused on the war is also underway in Brussels.
Speaker 1: Bloomberg's Maria Todayo is there and reports Ukraine's foreign minister
Speaker 1: is asking NATO for more weapons. The Ukraini for amister
Speaker 1: said the time for the reassurance is over. It's very
Speaker 1: clear for Ukraine have had a big reality check on this.
Speaker 1: The nature is not going to fight this war on
Speaker 1: the ground, but he says, at this point what we
Speaker 1: need is big weapons. The focus from the Ukrainian foreign
Speaker 1: ministers to walk away, walk out from this meeting with
Speaker 1: a clear plet from NATO that we are now going
Speaker 1: to see heavy taks, potentially also missiles. He wants to
Speaker 1: come out of this meeting with a clear signal from
Speaker 1: them that he will get it, and Bloomberg's Maria Todeo
Speaker 1: says Ukraine is also calling out Germany, specifically saying the
Speaker 1: country has been too slow to help we many time.
Speaker 1: In financial markets, Karen, the Russian ruble has made a comeback.
Speaker 1: It's back to trading at the level scene before the
Speaker 1: war began. This morning, trading at almost eighty per dollar
Speaker 1: on Nathan, we shifted the economy now and markets here
Speaker 1: in the US, investors are still working through the FETES
Speaker 1: planned to pair its balance sheet while also hiking interest rates.
Speaker 1: We get the details live with the Bloomberg's John Tucker
Speaker 1: John Karen. Minutes from the Defense Marks meeting show a
Speaker 1: hawk ish tilt. Officials were focused on tamping down inflation
Speaker 1: and outlined plans to pair their balance sheet by more
Speaker 1: than one trillion dollars a year. That's all raising concern
Speaker 1: about whether the central Bank and the engineer a soft
Speaker 1: landing for the economy. Many who attended the March meeting
Speaker 1: also viewed one or more half point rate increases as
Speaker 1: possibly appropriate. Going forward live to New York, I'm John Tucker,
Speaker 1: Bloomberg Radio and John. A commodity called from JP Morgan
Speaker 1: is also making news this morning. The firm says commodities
Speaker 1: could surge as much as forty percent. That's if investors
Speaker 1: boost raw material allocations to hedge against inflation. Well, Nathan,
Speaker 1: Chairs of HP are surging more than cent this some morning.
Speaker 1: The move comes on word of an investment by Warren Buffett,
Speaker 1: and we get the latest live from Bloomberg's Ranita Young,
Speaker 1: Good morning, Ranita, good morning. Care and Warren Buffett's Berkshire
Speaker 1: Hathaway bought a steak in HP valued at more than
Speaker 1: four point two billion dollars. The stock was purchased in
Speaker 1: multiple transactions this week, and Berkshire now holds about one
Speaker 1: million shares of HP. Berkshire has historically shied away from
Speaker 1: technology investments, but it's leaned further into the sector in
Speaker 1: recent years. Live in New York. I'm Nita Young, Bloomberg daybreak,
Speaker 1: al right, RENI to thank you. S and P Future
Speaker 1: is up eight points this morning, and straight I had
Speaker 1: your latest local headlines plus a check of sports, and
Speaker 1: this is Bloomberg. All right, Karen, thank you. It's five
Speaker 1: thirty three on Wall Street, cloudy, forty seven degrees in
Speaker 1: Central Park. Still dealing with the car carrier fire northbound
Speaker 1: of Jersey Turnpike by interchange A. Details coming up in traffic.
Speaker 1: First Michael Barr with more on what's going on in
Speaker 1: New York end around the world. Michael, thank you very much. Nathan.
Speaker 1: Major crime in New York City rose by thirty six
Speaker 1: point five percent in March from a year ago, despite
Speaker 1: Mayor Eric adamsforts to reduce the spike of incidents. The
Speaker 1: n y p D says citywide shooting incidents increased by
Speaker 1: sixteen point two percent. M y p D Commissioner Keeaching
Speaker 1: Sewell says, though there are some positives, we are arresting
Speaker 1: record numbers of people for shootings and homicides, and we're
Speaker 1: clearing more cases helping to deliver justice to victims. So
Speaker 1: far this year, the NYPD has made three hundred and
Speaker 1: thirty five arrests linked to murders and non fatal shootings,
Speaker 1: considerably more than the two hundred and fifty seven such
Speaker 1: arrests made by this time last year. Commissioner Sewell says
Speaker 1: the number of homicides fell fifteen point eight percent from
Speaker 1: a year ago, robberies rose by forty eight point four percent,
Speaker 1: and burglaries jumped by. The Senate is expected to confirm
Speaker 1: Supreme Court nominique Tangi Brown Jackson today. It will secure
Speaker 1: her place as the first black woman on the High Court.
Speaker 1: Senate Majority leader Chuck Schummer, it will be a joyous day,
Speaker 1: Joyous for the Senate, joyous for the Supreme Court, joyous
Speaker 1: for America. Senator Schumer says. Three Republican senators have said
Speaker 1: they will support Jackson, who would replace Justice Stephen Bryer
Speaker 1: when he retires this summer. The House voted to hold
Speaker 1: two former Trump aids, Peter Navarro and Dan Scovino, in
Speaker 1: contempt of Congress for refusing to cooperate with the panel
Speaker 1: investigating the capital attack. Committee Chairman Representative Bennie Thompson. If
Speaker 1: they were father, a mother, a sister, brother, uh had children.
Speaker 1: If they break the law, they break the law. No
Speaker 1: one's above the law. Representative Thompson says. The New York
Speaker 1: Party line vote will send the criminal referrals for Navarro
Speaker 1: and Scavino to the Justice Department for possible prosecution. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists
Speaker 1: and analysts in more than one twenty countries. Michael Barr,
Speaker 1: This is Bloomberg, Nathan. Thanks Michael. On Wall Street. Time
Speaker 1: for the Bloomberg Sports Update. Here's John Stanshower. Thanks Nathan.
Speaker 1: No secret for Knicks wanted to sign Kevin Duran a
Speaker 1: few years ago, maybe because they can't beat him. Durant's
Speaker 1: career record versus the Knicks is twenty and three hasn't
Speaker 1: lost to them since two thousand thirteen when he played
Speaker 1: for Oklahoma City. Katie is a free agent, of course,
Speaker 1: chose the Nets over the Knicks and at the guard
Speaker 1: and he put on his show thirty two points, twenty
Speaker 1: three in the second half, ten rebounds, eleven assist. The
Speaker 1: Nets came from twenty one down to win one ten
Speaker 1: ninety eight if they win their last two games. They
Speaker 1: finished seventh in the East, which means they'll need to
Speaker 1: win just one home game to move into the first round.
Speaker 1: Their coach that now we need our best effort, and
Speaker 1: I think something that that is a difficult kind of
Speaker 1: mix of emotions and physical and mental exhaustion that we
Speaker 1: have to weather here for a little bit. But you know,
Speaker 1: the nights like to night can help us kind of
Speaker 1: freshen up and feel that belief again. It was the
Speaker 1: second huge MSG comeback by the Nets. They had an
Speaker 1: earlier win from twenty eight down that was without Durant
Speaker 1: and Fabry Urdy. Opening day, there are seven games not
Speaker 1: the Yankees and Red Sacks at the stadium that was
Speaker 1: postponed until tomorrow. The Mets opener in Washington was moved
Speaker 1: from four o'clock to seven first game of the year,
Speaker 1: Wrigley Field Braves today will host their champion to hoist
Speaker 1: their championship batterer in Atlanta. Show Hey Otani will be
Speaker 1: on the mount for the Angels. Tonight They'll be Cleveland's
Speaker 1: first game known as the Guardians. The Master's teas off today.
Speaker 1: All eyes on Tiger Woods, but there are others in
Speaker 1: the field like Scottie Scheffler, hottest golfer now ranked number one.
Speaker 1: He teas off just before eleven this morning, Dustin Johnson
Speaker 1: Jordan's steet Roy McElroy Brooks kept it off way this afternoon,
Speaker 1: hourly updates on Bloomberg Radio, and a wrap up show
Speaker 1: tonight at eleven John Statue, Bloomberg School. Thanks John seven
Speaker 1: on Wall Street. Time for the tri state business for
Speaker 1: Fort Pierce, Bloomberg's ed Corey jet fuel supplies here draining
Speaker 1: fast on the East Coast, supporting wholesale prices at near
Speaker 1: record highs. Just one demand for air travel is closing
Speaker 1: the gap to pre pandemic levels. Jet fuels going for
Speaker 1: seven dollars forty nine cents a gallon, almost double the
Speaker 1: price of diesel in New York, and more than one
Speaker 1: and a half times that of gasoline. Cheesecake factories facing
Speaker 1: a federal lawsuit from two employees and yonkers. They claim
Speaker 1: the restaurants deliberately cheated them out of minimum and overtime
Speaker 1: wages and improperly delayed paychecks. Cheesecake Factory didn't immediately respond
Speaker 1: to Bloomberg's request for comment. New Jersey residents who want
Speaker 1: to improve their financial literacy can access a host of
Speaker 1: free services on a new website launched by the Treasury Department.
Speaker 1: It offers free financial education courses. You can find it
Speaker 1: at n J finn Litt dot Enrich dot org. That's Bloomberg.
Speaker 1: Try State Business Report. I'm Ed Corey. Thank you had
Speaker 1: five thirty eight on Wall Street. Bloomberg Radio is on
Speaker 1: the air from San Francisco to New York, London to
Speaker 1: Hong Kong. Let's check in with our global news team
Speaker 1: for some of the tough stories heard on our three
Speaker 1: hundred affiliate radio stations around the world. I'm Steve Potaskan
Speaker 1: on ten ten Wins in New York. We're talking about
Speaker 1: how there really hasn't been much of a housing boom
Speaker 1: and the wealthy as suburbs um Cornitanaho on WHSM movill
Speaker 1: Toyota says sticking to sedance is the secret to success
Speaker 1: in the US. Time genus are ready and for double
Speaker 1: ne bbm in Chicago. I'm reporting that McDonald's shareholders will
Speaker 1: both to spring on whether or not the company should
Speaker 1: conduct the civil rights audit. Caroline Head called blue Bag
Speaker 1: d a B Digital Media in londs of wampool ting
Speaker 1: on the governor's news strategic energy plan focus on more
Speaker 1: nuclear and official win. I bet Cory on w w
Speaker 1: J in Detroit. I'm reporting shares of automakers and electric
Speaker 1: vehicle startups plunged on Tuesday as investors worried about the
Speaker 1: industries of my change. Those are some of the stories
Speaker 1: our twenty seven hundred Bloomberg journalists and analysts are working
Speaker 1: on this morning around the world. It's five thirty nine
Speaker 1: on Wall Street. The following is an editorial from Bloomberg Opinion.
Speaker 1: A few phenomena illustrate the irrational exuberance of the early
Speaker 1: twenties US stock market, like special purpose acquisition companies respects.
Speaker 1: Over the past few year, investors have entrusted hundreds of
Speaker 1: billions of dollars to these so called blank check companies
Speaker 1: with amazing little understanding of what they would receive or
Speaker 1: how much it would cost. Last week, the Security is
Speaker 1: an Exchange Commission announced it was stepping into ensure investors
Speaker 1: have a better sense of what they're doing. The rules
Speaker 1: that proposed are sensible, but unfortunately a little late. SPACs
Speaker 1: raised just seven billion dollars in the first three months
Speaker 1: of two, down from a hundred and thirty nine billion
Speaker 1: dollars in the year ago period. It's a shame the
Speaker 1: SEC waited until the boom passed before moving to protect investors. Still,
Speaker 1: its proposals are worth putting into effect. At least next
Speaker 1: time around, people will know what they're getting into. This
Speaker 1: editorial was written by the Bloomberg Opinion Editorial Board. I'm
Speaker 1: David Shipley. For more Bloomberg Opinion, please go to Bloomberg
Speaker 1: dot com, slash Opinion or ope and go on the
Speaker 1: Bloomberg Terminal. These has been Bloomberg Opinion. Listen for Bloomberg
Speaker 1: Opinion editorials every weekday. At this time, terminal customers can
Speaker 1: read more at O, P I, n GO, SMP futures
Speaker 1: up nine points, staff futures also up nine NASTAC features
Speaker 1: up sixty seven points, and the tenure Treasury is up
Speaker 1: six thirty seconds. The yield two point five seven percent
Speaker 1: yield on the two year two point for three. You're
Speaker 1: listening to Bloomberg Daybreak Bloomberg eleven three oh Weather. Scattered
Speaker 1: showers and storms today, low fifties for highs, a mix
Speaker 1: of sun and clouds. Chance for a shower tomorrow, low sixties.
Speaker 1: Cambra at an isolated shower on Saturday. Upper fifties right
Speaker 1: now forty seven in Central Park