Speaker 1: Live from the Bloomberg and directed Burger Studios. Is Bloomberg
Speaker 1: Daybreak for a Wednesday, February two two Coming up this hour,
Speaker 1: Nazac futures roundy on the heels of earnings from Alphabet.
Speaker 1: The Google Parents surges after announcing a twenty for one
Speaker 1: stock split. Fed signals also helps sentiment, as officials hint
Speaker 1: of a measured pace for rate hikes and oil trades
Speaker 1: near a seven year high ahead of today's OPEC meeting.
Speaker 1: Funeral services aren't today for the second n y p
Speaker 1: D officer killed in an ambush in Harlem. Plus Russian
Speaker 1: President Putin speaks out about Ukraine. I'm Michael barn Or Ahead.
Speaker 1: I'm John Stans shown sports Tom Brady officially retired a
Speaker 1: blockbuster NFL lawsuit, The Nets lost the Rangers one. That's
Speaker 1: All straight Ahead on Bloomberg Daybreak on Bloomberg Elementary on
Speaker 1: New York, Bloomberg one, Washington, d C, Bloomberg one of
Speaker 1: six one, Boston, Bloomberg nine sixties, San Francisco, Syrius x
Speaker 1: M one nineteen and around the world Long Bloomberg Radio
Speaker 1: dot Com and via The Bloomberg Business. Good Morning, I'm
Speaker 1: Nathan Hagar. And I'm Karen Moscow. US dot index Future
Speaker 1: is gaining this morning. We're coming up to six o
Speaker 1: one on Wall Street, and we checked the markets every
Speaker 1: fifteen minutes throughout the trading day. On Bloomberg SMP future
Speaker 1: is up thirty four points now futures have forty seven
Speaker 1: and NASDAC futures have two hundred nineteen or one and
Speaker 1: a half percent. Ten year Treasury down two thirties seconds.
Speaker 1: The yield one point seven nine percent, and they yield
Speaker 1: on the two year one point one seven percent. Comacs
Speaker 1: Gold is up a tenth of a percent, or two
Speaker 1: dollars ten cents at eighteen oh three sixty announced the
Speaker 1: euro one point one three one three against the dollar
Speaker 1: and bitcoin at thirty eight thousand, five d eighty five dollars.
Speaker 1: Nathan Well, Karen. The boost and NASTAC futures comes in
Speaker 1: part thanks to corporate earnings. Let's begin with Alphabet. Those
Speaker 1: shares up more than ten percent after the Google parent
Speaker 1: beat profitent sales estimates and announced the stock split at
Speaker 1: Ludload joins us with the details from our Bloomberg nine
Speaker 1: sixty news room in San Francisco. It was a beat
Speaker 1: on the top and bottom line for Alphabet, the parent
Speaker 1: company of Google, and all signs really points to a
Speaker 1: resilient advertising business. But really it was news of a
Speaker 1: stock split that drove activity and after hours for Alphabet.
Speaker 1: The company is doing a twenty for one stock split
Speaker 1: in the form of a one time special stock dividend,
Speaker 1: and as part of that split, Google's parents going to
Speaker 1: give one tenth of ascent for each share of the
Speaker 1: company's Class A, Class B and Class C stock. And
Speaker 1: Ruth Parrat, who is Alphabet CFO, told Bloomberg that the
Speaker 1: rationale here is to widen the net and make the
Speaker 1: stock more accessible to investors. Ed love Blow, Bloomberg News,
Speaker 1: San Francisco, all right, and thank you. Adding to the
Speaker 1: bullish sentiment this morning is a MD shares the chip
Speaker 1: maker up more than eleven percent. The company had a
Speaker 1: surprisingly strong sales for Chaos, suggesting it's making further gains
Speaker 1: un rival Intel and Shoes. Our General Motors are up
Speaker 1: less than one percent here and GM earning stuff estimates
Speaker 1: while its outlook for twenty two remained unchanged. We get
Speaker 1: more from Bloomberg's Charlie Pallace. GM is seeing signs of
Speaker 1: an easing in the semiconductor shortage that curbed vehicle output
Speaker 1: and dent at its market share last year, but it's
Speaker 1: cautioning sales and profit for twenty two. Maybe little changed.
Speaker 1: GM was hit among the hardest in the fourth quarter,
Speaker 1: when a forty three percent drop in domestic sales forced
Speaker 1: the company to relinquish its crown as top us automaker
Speaker 1: for the first time since one in New York. Charlie
Speaker 1: Pellets Bloomberg debrit All right, Charlie, thank you. We'll have
Speaker 1: more on GM later this morning on Bloomberg Surveillance. Will
Speaker 1: speak live with CEO Mary Barra. That's coming up at
Speaker 1: nine am Wall Street time on both Bloomberg Radio and
Speaker 1: television and Nathan. Earnings continue to roll in today, with
Speaker 1: nearly three dozen companies reporting. Heading the list, Facebook owner
Speaker 1: Meta Platforms. We get a preview from Bloomberg's Town Busby
Speaker 1: and its first earnings report under its new corporate name,
Speaker 1: Facebook's owner Metal Platforms. It's expected to report a burst
Speaker 1: in digital advertising revenue last quarter and solid holiday sales
Speaker 1: of its Oculus VR headset. Bloomberg analysts forecast total revenue
Speaker 1: of thirty three point four three billion dollars, a nine
Speaker 1: percent jump from a year ago, with nearly all of
Speaker 1: that from advertising. Look for earnings per share of three
Speaker 1: dollars nine cents, and on the earnings call, expect the
Speaker 1: company to be pressed to better explain the metaverse, the
Speaker 1: virtual reality platform it's basing its future on. Tom busby
Speaker 1: Bloomberg Daybreak. Okay, Tom, thank you. Turning from earnings now.
Speaker 1: Markets are also getting a boost from the Fed. Central
Speaker 1: Bank officials are laying out a measured approach to the
Speaker 1: path for rate hikes this year, and we get that
Speaker 1: storyline from Bloomberg's Need a Young Good Morning Grenita, Good
Speaker 1: morning Nathan. The measured calls from Fed leaders are different
Speaker 1: from Wall Street forecasts, which include as many as seven
Speaker 1: rate hikes this year. Some even predict a fifty basis
Speaker 1: point height next month. So far, none of the Fed
Speaker 1: officials speaking this week have backed the idea of such
Speaker 1: an increase in March. The most hawkish of them all St.
Speaker 1: Louis Fed President James Bullard says five hikes quote not
Speaker 1: too bad a bit. Kansas City Fed Chief Esther George
Speaker 1: is another hawk and she says ideally the Fed prefers
Speaker 1: to go gradually. Live in New York I'm goned a
Speaker 1: young Bloomberg Daybreak. We need to thank you. Fed officials
Speaker 1: will be paying close attention to this week's economic data.
Speaker 1: On this morning, we get the first of three reports
Speaker 1: on the labor market because he had dramatic slowdown in
Speaker 1: business hiring. When a DP issues January payroll data, econom
Speaker 1: is surveyed by Bloomberg anticipate a gain of less than
Speaker 1: two hundred thousand, and Bloomberg's viney Deal Judais reports. Bloomberg
Speaker 1: Economics says January's ADP data will point to a slowdown
Speaker 1: and hiring, reflecting the impact of COVID nineteen omicron infections
Speaker 1: on businesses. February could usher in a recovery. In December,
Speaker 1: a d P reported businesses added more than eight hundred
Speaker 1: thousand workers, the most sins May. The official government figures
Speaker 1: were less robust. S Bloomberg day Break Finny Thanks. The
Speaker 1: big Labor report comes Friday with government payrolls data for
Speaker 1: January and the Biden administer Asians, lowering expectations on those.
Speaker 1: The White House says fallout from Omicron could overstate the
Speaker 1: number of unemployed people. Jared Bernstein is a member of
Speaker 1: the White House Council of Economic Advisors. If you're not
Speaker 1: on the payroll, meaning you're sick or you're absence so
Speaker 1: you're on some sort of unpaid leave, you're not going
Speaker 1: to be counted on the payroll for the payroll survey.
Speaker 1: And the fact is um virtually all of those folks
Speaker 1: likely still have their jobs, so when they go back
Speaker 1: in February, they will be counted again. Jared Bernstein with
Speaker 1: the Council of Economic Advisors spoke with our Washington correspondent
Speaker 1: Joe Matthew on Bloomberg Sound on Catch the program weekdays
Speaker 1: at five pm Eastern on Bloomberg Radio. Oil also in
Speaker 1: focus this morning, is trading near a seven year high
Speaker 1: ahead of an OPEC plus meeting. Oh Peck and his
Speaker 1: allies are expecting to approve another modest oil output in
Speaker 1: Greece today, at the same time, they could struggle to
Speaker 1: actually deliver that cut. And checking prices now, NIMEX scrude
Speaker 1: oil is up a quarter percent, or twenty four cents
Speaker 1: at eighty eight dollars forty four cents. Of barrel Brent
Speaker 1: is up about two ten percent to eighty nine dollars
Speaker 1: twenty nine sense and checking futures right now, SMP futures
Speaker 1: are up thirty one point, staff futures up thirty six.
Speaker 1: Nastack futures are higher by two or three points. That's
Speaker 1: a gain of one point four per cent. The tenure
Speaker 1: treasure yield one point seven nine local headlines in the
Speaker 1: check of Sports. Next to this is Bloomberg. It sounds
Speaker 1: six though seven on Wall Street where thirty five degrees
Speaker 1: in Central Park got an accent on the inbound George
Speaker 1: Washington Bridge on the upper level. The tails coming up
Speaker 1: in traffic. First Michael Barr with more on what's going
Speaker 1: on in New York end around the world. Michael, thank
Speaker 1: you very much, Nathan. A sea of blue expected again
Speaker 1: in New York City today at the funeral for Officer
Speaker 1: Wilbert Mora, the second of two NYPD officers killed in
Speaker 1: the line of duty last month. Awake for Morea, who
Speaker 1: was seven, was held yesterday. He was killed during a
Speaker 1: domestic disturbance call in Harlem, along with his partner, Jason Rivera.
Speaker 1: Moreas funeral will be held at St. Patrick's Cathedral this
Speaker 1: morning in midtown Manhattan, followed by a very old Woodside
Speaker 1: Queens This as an off duty m p D officer
Speaker 1: was shot in Queen's last night. He is expected to survive.
Speaker 1: Mp D Commissioner Keachin Sewell talked about the latest shooting.
Speaker 1: This young man was on his way to work, on
Speaker 1: his way to protect New Yorkers from criminals. Commissioners Sewell
Speaker 1: was alongside Mayor Eric Adam speaking to reporters. These offices
Speaker 1: every day put on their uniform, Pinachiel on their chests,
Speaker 1: put the bulaproof fest on and go back in the streets.
Speaker 1: With all of that frustration, they still go back and
Speaker 1: do their job. Now is time for lawmakers to do
Speaker 1: their job. Mayor Adams is getting ready to host President
Speaker 1: Biden tomorrow for a discussion about gun violence. Russian President
Speaker 1: Vladimir Putin accused America and the West of ignoring Moscow's
Speaker 1: security concerns in the Ukraine controversy. Secretary of State b Lincoln,
Speaker 1: speaking with Russian Foreign Minister Lave Roth, says it was
Speaker 1: time for Russia to start withdrawing its troops from the border.
Speaker 1: White out spokesperson Jen Saki, the door to the plumacy
Speaker 1: remains open. We don't know what decision President Putin will make.
Speaker 1: Spokesperson Jen Saki a Democratic senator has suffered a stroke
Speaker 1: because doctors say U S. Senator Ben Luhan, who is
Speaker 1: forty nine, is expected to fully recover from a stroke
Speaker 1: and surgery to reduce swelling. However, with a fifty fifty Senate,
Speaker 1: it has put a number of Democratic lead votes on
Speaker 1: hold for now. A major winter storm is expected to
Speaker 1: affect a huge swath of the US, with heavy snow
Speaker 1: starting in the Rockies and freezing rain as far as south.
Speaker 1: It's Texas before it drops snow and ice on the Midwest,
Speaker 1: and it's Groundhog Day. People in Pennsylvania are waiting to
Speaker 1: learn whether Ponsitani fil predicts an early spring or six
Speaker 1: more weeks of winter. Staten Island. Chuck will be live
Speaker 1: stream today Global twenty four hours to day two. Buck
Speaker 1: Chuck on here and on Bloomberg Quick Takes Mony seven
Speaker 1: that maybe journalist and analyism more than under twenty gun threes.
Speaker 1: I'm Michael bar this is bloom happy. Six more weeks
Speaker 1: of winter. I'm calling it, Michael almost six ten on
Speaker 1: Wall Street. Time for the Bloomberg Sports Update with John
Speaker 1: Stashun all Right, Nathan the greatest player ever retires and
Speaker 1: may not have been the biggest NFL story of the day.
Speaker 1: Tom Brady made his retirement official a length they post
Speaker 1: on social media that curiously never mentioned the Patriots, but
Speaker 1: you can expect Brady's number twelve to be retired at
Speaker 1: a Pat's game next season. Tampa Bay now needs a quarterback. Meanwhile,
Speaker 1: a lawsuit filed in Manhattan federal accord by Brian Flora,
Speaker 1: as recently fired as the head coach of the Dolphins.
Speaker 1: It accuses the NFL and three teams Miami, Denver, and
Speaker 1: the Giants of racism in their hiring practices. Flora said
Speaker 1: that in two thousand of nineteen in Denver and just
Speaker 1: recently with the Giants, he was interviewed for a head
Speaker 1: coaching job that he had no chance of getting, and
Speaker 1: he offered as proof a text he got last week
Speaker 1: from Bill Belichick, who apparently meant it to go to
Speaker 1: Brian day Ball. He congratulated him on getting the Giants job.
Speaker 1: It was before Flora's even had his review. Perhaps most
Speaker 1: shocking leave, Flora said Dolphins owner Stephen Ross offered to
Speaker 1: pay him more money if his team lost so they
Speaker 1: could get a better draft pick. NAT's in Phoenix Sons
Speaker 1: have won forty of their last forty six. They beat
Speaker 1: Brookely to one eleven. Devon Booker scored thirty five Rangers
Speaker 1: at the Guard to beat Florida five to two. Two
Speaker 1: more goals, both on the power player for Chris Crider,
Speaker 1: now thirty three goals on the season, more than half
Speaker 1: of those with the man advantage. Islanders back to five
Speaker 1: hundred four one over Ottawa, The Devils six trade Laws
Speaker 1: beaten by Toronto seven to one. St. John's lost the
Speaker 1: Big East, leading Providence eight six eighty two. Pasha Alexander
Speaker 1: scored twenty nine for the Red Storm. Seaton Hall one
Speaker 1: at Georgetown Ruttors came from twenty four down to force
Speaker 1: overtime but lost by one at Northwestern. John Stash Atward
Speaker 1: Bloomberg Sports, Nathan all right, John, thanks right now. Some
Speaker 1: futures are up thirty point Stuff futures up thirty four
Speaker 1: nansect futures still leading the gains up one hundred ninety
Speaker 1: three points, a gain of one point three percent to ten.
Speaker 1: Your treasury now down one thirty second to yield one
Speaker 1: point seven nine percent. More are on the markets. Next
Speaker 1: with Brian Levitt of Investco. This is Bloomberg Bloomberg eleven
Speaker 1: three or weather cloud some Sunday times today with a
Speaker 1: higher forty five degrees will be in the mid forties
Speaker 1: tomorrow with rain arriving the afternoon. Rain ending is wet,
Speaker 1: snow or sleet Friday with a hindar thirty five. That's
Speaker 1: the current temperature. Markets, headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot com. The Bloomberg Business
Speaker 1: Outland at Bloomberg Quick Tape is a Bloomberg Business Flash
Speaker 1: and I'm Cameron Moscow. Global stocks heading for the biggest
Speaker 1: four day rally since November. US Dot index futures are
Speaker 1: jumping as companies from the US to Europe report better
Speaker 1: than forecast earnings, and dip bine continues in technology shares.
Speaker 1: To check the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg Right now, S and P futures are
Speaker 1: up thirty points now futures up thirty three, and NASDAG
Speaker 1: few Jersey are up one ninety three. That's up one
Speaker 1: point three percent. The decks in Germany's up two tenths
Speaker 1: of upper cent. The ten year treasury down one thirty
Speaker 1: second held one point seven nine percent. They yield on
Speaker 1: the two year one point one seven percent. Nine night
Speaker 1: screwed oil is up two tenths per cent or thirteen
Speaker 1: cents at eighty eight dollars. Thirty three cents of barrel
Speaker 1: comex schooled up less than a tenth of upper cent
Speaker 1: of a dollar twenty At eighteen o two seventy announced
Speaker 1: the euro one point one three oh nine against the dollar,
Speaker 1: British found one point three five five six and the
Speaker 1: ends at one fourteen point three nine bitcoin. This morning
Speaker 1: it's moving lower at thirty eight thousand, five hundred twenty dollars.
Speaker 1: And today we get a report on private pay rolls
Speaker 1: from the ADP Research Institute at an eight fifteen Wall
Speaker 1: Street time, and it's another big day for earnings. We
Speaker 1: hear from companies including Facebook parent Meta platforms. That's a
Speaker 1: Bloomberg business flash. Now here's Michael Barr with more on
Speaker 1: what's going on around the world. Uncle, good morning, Good morning.
Speaker 1: Here in US, hospital admissions for COVID nineteen are receiving
Speaker 1: in thirty four states and the nation's capital, easing the
Speaker 1: healthcare staffing crisis that we're widespread at the start of
Speaker 1: the year. The World Health Organization, though warned countries not
Speaker 1: to ease restrictions prematurely. Former Miami Dolphins coach Brian Flores
Speaker 1: is suing the NFL and three teams, including the Giants,
Speaker 1: claiming quote the NFL is racially segregated and has managed
Speaker 1: much like a plantation. The Dolphins fired Floors last month
Speaker 1: after back to back winning seasons. The lawsuit even accuses
Speaker 1: Dolphins owner Stephen Ross of offering to pay Floors one
Speaker 1: hundred thousand dollars for every loss during the twenty nineteen
Speaker 1: season to secure a higher draft pick in the NBA.
Speaker 1: The Nets and Wizards lost, The Warriors won. In the NHL,
Speaker 1: the Rangers, Islanders, and Bruins one. The Capital's won an
Speaker 1: OT against the Penguins for three, The Devil's lost. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quick Take, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael bar This is Bloomberg. Nathan all right, Michael, thanks
Speaker 1: for coming up to six twenty on Wall Street Life
Speaker 1: from the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak.
Speaker 1: Brian Levitt joins us now Global market strategist at invest
Speaker 1: Go certainly seeing a lift to tech futures for sure, Brian,
Speaker 1: with Google earnings coming in as well as they did,
Speaker 1: is the growth trade back, Yeah. I think investors have
Speaker 1: gotten too pessimistic on the growth trade. And part of
Speaker 1: the reality of the pessimism that growth trade with the
Speaker 1: expectation that long rates we're going to go up substantially.
Speaker 1: I think what investors have to realize is that we
Speaker 1: are in a tightening cycle, and in a tightening cycle,
Speaker 1: you'd expect the yield curve to flatten and for growth
Speaker 1: prospects to slow. And in a slower growth environment, companies
Speaker 1: that can generate true earnings growth tend to be rewarded.
Speaker 1: So it's not to say that the year isn't going
Speaker 1: to continue to be volatile, but I think investors jumped
Speaker 1: the gun to think that, you know, this was going
Speaker 1: to be a wholesale shift away from growth to value.
Speaker 1: I would focus on quality, and a lot of those
Speaker 1: growth companies are high quality businesses that that generate very
Speaker 1: strong earnings growth and what's gonna be a slowing economic environment.
Speaker 1: In a slowing economic environment, then you can tech companies
Speaker 1: like Alphabet, like Apple continue on the trajectory that they've
Speaker 1: shown through the pandemic. I believe they can um and
Speaker 1: what your start what you started to get to when
Speaker 1: when we saw the big sell off that we had
Speaker 1: a handful of days ago, was that some of these
Speaker 1: really good quality tech businesses were moving towards valuations in
Speaker 1: some instances like a Facebook that wasn't all that different
Speaker 1: than the valuations of the market. So we had gotten to,
Speaker 1: you know, extreme pessimism across the market. We're getting a
Speaker 1: bounce here. It's not a surprise to see it led
Speaker 1: by by tech businesses, by the higher quality companies. Now
Speaker 1: these markets, um, you know, a rally was in store.
Speaker 1: These markets were bound to find some footing. It doesn't
Speaker 1: mean our challenges haven't gone away. We all have elevated
Speaker 1: inflation and multiple interest rate hikes ahead. But my view
Speaker 1: is that you want to hide out in quality during
Speaker 1: that environment, and the companies that you mentioned could certainly
Speaker 1: be viewed as as good quality business has given the
Speaker 1: state of their balance sheets and given their abilities to
Speaker 1: grow in most economic backdrops. You mentioned the uncertainty around
Speaker 1: FED policy. Are you starting to re rate what you
Speaker 1: think the FED is going to do in terms of
Speaker 1: the speed of rate hikes and how many rate hikes
Speaker 1: we get this year. Yeah, but the market has done
Speaker 1: a good job of of pricing it in. I mean,
Speaker 1: even if you think about what had what's happened to
Speaker 1: the two year treasury, the to your treasury was below
Speaker 1: twenty basis points not that long ago and and has
Speaker 1: moved closer to a hundred and twenty basis points. So
Speaker 1: I would categorize that as a bond market that has
Speaker 1: already started to price in a lot of tightening. Financial
Speaker 1: conditions have tightened a bit, high yield spreads have moved
Speaker 1: up a bit in the yield curve, The US treasure
Speaker 1: eel curve has flattened meaningfully. So the I guess we
Speaker 1: could take it as some good news that the market
Speaker 1: has already priced in a lot of it. What we
Speaker 1: need to see now is do inflation expectations start to
Speaker 1: come down and is it possible that the Federal Reserve
Speaker 1: does not have to raise interest rates as significantly and
Speaker 1: as quickly as people think, Look it's coming. We know
Speaker 1: the tightening is coming again. The markets priced in a
Speaker 1: lot of it. What I'm starting to see a survey
Speaker 1: data from the American consumers saying they're not willing to
Speaker 1: pay these prices anymore. It's not a good time to
Speaker 1: buy durable goods. They're saying it's not a good time
Speaker 1: to buy vehicles. To me, that means demand slows. As
Speaker 1: demands slows, some of the supply chain challenges hopefully start
Speaker 1: to ease. Maybe that allows the FED to back off
Speaker 1: the tightening stance at some point. That's the hope that
Speaker 1: would put the economy back into a more expansionary tilt.
Speaker 1: But we'll have to see how this plays out. All right,
Speaker 1: Thanks for this, Brian, good having you on with us
Speaker 1: this morning. Brian Levitt is a global market strategist at Investco.
Speaker 1: It is on Wall Street. This is the Big Take,
Speaker 1: the best of boom Berg's in depth original reporting from
Speaker 1: around the globe. We're running on a financial system that's
Speaker 1: running on old technology. We're seeing prices reach fresh recordized.
Speaker 1: What unfolds in mid terms, we will no doubt see
Speaker 1: again in the next presidential election. The boom Take on
Speaker 1: boom Bird Radio. The Big Take this morning is about
Speaker 1: big bonuses, the likes of which Wall Street hasn't seen
Speaker 1: since really after the global financial crisis and the bailout
Speaker 1: from the federal government. Bloomberg Wall Street reporters Street not
Speaker 1: Rogen is with us this morning, one of the authors
Speaker 1: of this morning's Big Take story Street. Good to have
Speaker 1: you with us this morning. We have certainly seen how
Speaker 1: big these bonuses have been and the overall compensation packages
Speaker 1: for Wall Street bankers. You look at the CEOs of
Speaker 1: the big six Wall Street banks and it's almost like
Speaker 1: an arms race in terms of trying to retain and
Speaker 1: hold on to talent at the trading desks. Absolutely, we
Speaker 1: haven't seen this level of be out for the top
Speaker 1: rainmakers at the biggest banks in the United States in
Speaker 1: over ten years. The last time that happened was one
Speaker 1: year after the Great Financial Crisis, and that invited the
Speaker 1: get Bigger on Wall Street. Bloomberg Wall Street reporter Shre
Speaker 1: not a Rogen with us this morning with the Bloomberg
Speaker 1: Big Take. You can read all about it at Bloomberg
Speaker 1: dot com, Slash Big Take and I Big Take go
Speaker 1: on the Bloomberg terminal. Karen Nathan at is six thirty
Speaker 1: on Wall Street. This is Bloomberg Daybreak. I'm Karen Moscow
Speaker 1: along with Nathan Hagar, and we're just about three hours
Speaker 1: away from the open of US trading time for the
Speaker 1: five things you need to know to start your day,
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Speaker 1: com slash crypto at First Nowsday, futures are hire, building
Speaker 1: on three straight days of gains. That catalyst this morning
Speaker 1: strong earnings from Alphabet Angelo Zo, as an analyst at
Speaker 1: CFRE A, you know, kind of going into the quarter,
Speaker 1: I think there might have been some concerns about some
Speaker 1: of the supply constraints going on the market and potentially
Speaker 1: hindering some of the ad spend out there, but kind
Speaker 1: of look at the search business and I think that's
Speaker 1: really kind of a big winner here of thirty percent
Speaker 1: and really kind of blew our numbers away. C f
Speaker 1: r A analyst Angelo Zo says a stock split is
Speaker 1: also lifting Alphabet shares. The company will increase its outstanding
Speaker 1: shares by a twenty to one ratio. And we're also
Speaker 1: watching another high tech company rally this morning. Karen Shares
Speaker 1: of a m D are up eleven percent. The chip
Speaker 1: maker gave a surprisingly strong sales forecast, suggesting it's making
Speaker 1: further gains on rival Intel. This afternoon, we hear from
Speaker 1: Facebook parent Meta Platforms General Motors is of nearly one
Speaker 1: percent in the pre market. The company's earnings beat estimates,
Speaker 1: while it's forecast was in line with predictions. GMCs that
Speaker 1: semiconductor shortage easing this year, but says lower volume and
Speaker 1: higher costs overstrained profits outside corporate earning scaring A measured
Speaker 1: tone from the Fed is also boosting stocks. We get
Speaker 1: that story livee from Bloomberg's Ranna Young Rinita Nathan. Central
Speaker 1: Bank officials are laying out a gradual approach to the
Speaker 1: path for rate hikes this year. That differs from some
Speaker 1: Wall Street forecasts, which include as many as seven rate
Speaker 1: hikes this year and even a fifty basis point hike
Speaker 1: next month. So far, none of the Fed officials speaking
Speaker 1: this week have backed the idea of such an increase
Speaker 1: in March. The most hawk ish of them all St.
Speaker 1: Louis President James Bullard says five hikes is quote not
Speaker 1: too bad. A bed Kansas City Fed chief Esther George
Speaker 1: is another hawk and she says ideally the Fed prefers
Speaker 1: to go gradually live in New York. I'm Nita Young
Speaker 1: Bloomberg daybreak, all right, Rinita, thank you, And oil is
Speaker 1: trading near a seven year high a head of an
Speaker 1: OPEC plus meeting. Oh packnast allies are expected to approve
Speaker 1: another modished oil output in Greece today, at the same
Speaker 1: time they'll have to struggle to deliver checking oil right now,
Speaker 1: and IMAX screwed oil is now lowered down about two
Speaker 1: tons of upper cent or seven cents at eighty eight
Speaker 1: dollars three cents of barrel, and brent is down about
Speaker 1: a third of a percent at eighty eight dollars eighty
Speaker 1: five cents. And that s the five things you need
Speaker 1: to know to start your day, brought to you by
Speaker 1: Interactive Brokers and again SMP futures are higher up thirty
Speaker 1: two points down, futures up thirty five, NASDAG futures up
Speaker 1: two hundred sixteen that's up one and a half percent,
Speaker 1: and the ten year treasury little change, the yield one
Speaker 1: point seven eight per cent. Straight ahead, your latest local
Speaker 1: headlines plus a check of sports. And this is Bloomberg,
Speaker 1: all right, Karen, Thanks, six thirty three on Wall Street
Speaker 1: were thirty four degrees in Central Park and save forty
Speaker 1: minute delays on the inbound upper level of the George
Speaker 1: Washington Bridge. Details coming up in Traffic First Michael Barr
Speaker 1: with more on what's going on in New York and
Speaker 1: around the world. Michael, thank you very much. Nathan. Funeral
Speaker 1: services will take place today for n y p D
Speaker 1: officer Wilbert Mora, year old, was killed in the line
Speaker 1: of duty last month along with his partner, Jason Rivera.
Speaker 1: More as organs were donated to help save at least
Speaker 1: five other lives. More Up will be buried in Queens
Speaker 1: after services at St. Patrick's Cathedral in Manhattan. This as,
Speaker 1: an off duty NYPD officer was shout in Queen's last night.
Speaker 1: He's expected to survive. Tomorrow. Mayor Eric Adams says he's
Speaker 1: getting ready to host President Biden for a discussion about
Speaker 1: gun violence. We want to lay out clear items we
Speaker 1: need on the federal level, just as we did with
Speaker 1: state lawmakers. Everyone must be on the same team. Adams
Speaker 1: will also be joined by New York Governor Kathy Hokel
Speaker 1: and other elected officials. Russian President Vladimir Putin is breaking
Speaker 1: his silence on the U S Military support for Ukraine.
Speaker 1: Putin accused the US and the West of ignoring Moscow's
Speaker 1: security concerns. White Now spokesperson Jen Psaki, we don't know
Speaker 1: what President Putin is going to do uh and it
Speaker 1: is our responsibility to UM and it's an imperative to
Speaker 1: keep the door to diplomacy open. White House spokesperson Jen Psaki.
Speaker 1: Faizer is asking US regulators to authorize extra low doses
Speaker 1: of its COVID nineteen vaccine for children five and under.
Speaker 1: The move could open the way for the very youngest
Speaker 1: Americans to start receiving shots by early March. The FBI
Speaker 1: is warning of cyber attacks aimed at disrupting the Beijing Olympics.
Speaker 1: Bloomberg's At Baxter reports. The FBI warning says the targets
Speaker 1: will be entities associated with the Olympics and that they
Speaker 1: could have activities disrupted by a broad range of cyber movements.
Speaker 1: It warns of ransomware, malware, social engineering, data theft, phishing campaigns,
Speaker 1: and disinformation campaigns. The FBI is also sending a follow
Speaker 1: up reminder to those traveling that they could be the
Speaker 1: targets of mobile phone attacks as well. In San Francisco,
Speaker 1: I'm at Baxter Bloomberg a Break. ABC is suspending Whoopee
Speaker 1: Goldberg for two weeks from the view after her response
Speaker 1: that the Holocaust was not related to race. ABC News
Speaker 1: president Kim Godwin says Bill Whoopee has apologized. I've asked
Speaker 1: her to take time to reflect and learned about the
Speaker 1: impact of her comments. Global News twenty four hours a
Speaker 1: day on air, end on Bloomberg Quicktake, powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael barn this is Bloomberg, Nathan, Thank you, Michael.
Speaker 1: Just about six thirty six on Wall Street, John Stashire
Speaker 1: has the Bloomberg Sports Update all right. That it was
Speaker 1: in two thousand and four, team at the Patriots, sensing
Speaker 1: that Tom Brady, then thirty seven, was nearing the end
Speaker 1: of his brilliant career, drafted a quarterback to replace him,
Speaker 1: Jimmy Garoppolob Brady said back then, when he stinks, he'll retire.
Speaker 1: He's now forty four, he is retiring, But he never
Speaker 1: did stink. In fact, Brady's final season with Tampa Bay
Speaker 1: was one of his best, over fifty three hundred passing yards,
Speaker 1: forty three touchdowns. It's gonna be very hard for anyone
Speaker 1: to break Brady's records. He's got a hundred and seven
Speaker 1: four more touchdown passes than any active qv. Garoppolo never
Speaker 1: did replace Brady in New England. Maybe he'll do it
Speaker 1: now with Tampa. Bay Forts are expected to treat Garoppolo
Speaker 1: stunning allegations made by Brian Flores in the lawsuit he
Speaker 1: filed in Manhattan Federal court accusing the NFL and three
Speaker 1: teams of racism in their hiring practices. Not only that
Speaker 1: the Broncos in two thousand nineteen and the Giants recently
Speaker 1: interviewed them for a head coaching job they knew they
Speaker 1: were not going to offer to him, but that in
Speaker 1: flores first season as head coach in Miami, owner Stephen
Speaker 1: Ross offered a hundred thousand dollars for each loss. He
Speaker 1: says Ross wanted to lose so they'd get a better
Speaker 1: draft pick. Nets lost in Phoenix one eleven. Devin Booker
Speaker 1: scores thirty five, the Sons are forty one and nine.
Speaker 1: Rangers at the Garden beat Flour to five to two.
Speaker 1: Two more power play goals for Chris Cryder are semi
Speaker 1: Panarina goal to assist Islanders beat Ottawa for one. Devil's
Speaker 1: lost to Toronto seven oh one. St John's upset bid
Speaker 1: fell short lost to Providence eight eighty two. Seaton Hall
Speaker 1: beat George Town What is lost in overtime by one
Speaker 1: at Northwestern John stash award Bloomberg Sports Nathan thanks John.
Speaker 1: Six seven on Wall Street, Time to take a look
Speaker 1: at stocks, some of the names moving in the pre
Speaker 1: market with Bloomberg Radio and TV Markets correspondent Creaty gufta,
Speaker 1: shall we talk about Alphabet? Creaty? I guess we have to,
Speaker 1: Nathan right, Well, Alphabet coming out reporting some pretty great
Speaker 1: sales and profit. You do have the analysts over BMO
Speaker 1: basically just summing it up by saying the search engine
Speaker 1: is crushing it. Again, that is a direct quote. But
Speaker 1: I think the real highlight when it comes to Alphabet
Speaker 1: is the fact that they are bringing back big stock splits,
Speaker 1: a twenty for one stock split to be exact. And
Speaker 1: this is of course, so that prospective buyers won't need
Speaker 1: upwards of three thousand dollars to own a share. Uh.
Speaker 1: The CFO Ruth Poorat says it's to make shares more accessible,
Speaker 1: so once again trying to access the retail crowd. We
Speaker 1: know the Apple has done this before. It's curious what
Speaker 1: the next big company, big tech company is gonna use
Speaker 1: this method. But for now it's actually gaining alphabet about
Speaker 1: four price upgrades or price target upgrades. I should say
Speaker 1: it's not the only one who had a pretty blowout
Speaker 1: fourth quarter though. A m D as well. Oh, I
Speaker 1: should mention he sees me aphabet up to over ten percent.
Speaker 1: A m D also up over ten percent. This comes
Speaker 1: after the tripmaker reported fourth quarter results that beat expectations,
Speaker 1: gaining itself to analysts to raise their price targets on
Speaker 1: the stock as well. A m D is also the
Speaker 1: ticker and with it in sympathy it's latest acquisition x
Speaker 1: L and X which is up that of course the sylence.
Speaker 1: I don't think the acquisition is closed yet, but you
Speaker 1: can see the stocks are trading very closely together. Yeah,
Speaker 1: obviously a lot of focus on tech this morning. What
Speaker 1: are you looking outside of tech though, Yeah, a ton
Speaker 1: of tech. I guess this counts as maybe fintech. Here paypals,
Speaker 1: what's got my i p y p L is your
Speaker 1: ticker down six team percent? It is the worst performer
Speaker 1: in the pre market right now of the S and
Speaker 1: P five pounder. We still have three hours ago before
Speaker 1: the opening bells, but still PayPal kind of takes the
Speaker 1: cap plummeting after saying it's growth and spending on its
Speaker 1: platform continue to low during the fourth quarter as economies
Speaker 1: around the world reopened and consumers flocked to in store shopping.
Speaker 1: PayPal is not alone in seeing this dynamic. Other fintech
Speaker 1: companies have as well. After pay for example, has made
Speaker 1: us some similar comments. I should also mention another big
Speaker 1: downside mover, and that of course is Starbucks s b
Speaker 1: u X. Is your ticker down just I have three
Speaker 1: percent in the pre market. This comes after the company
Speaker 1: did release an updated forecast that projects a slight impact
Speaker 1: on profits, but really they emphasize those surging costs relate
Speaker 1: to labor and the ongoing pandemic. Nathan, I don't know
Speaker 1: when the last time you went to Starbucks was, but
Speaker 1: I was horrified when my coffee went from five dollars
Speaker 1: and seventy five cents to six dollars, five dollars above
Speaker 1: five dollars. My parents were like, I remember when coffee
Speaker 1: was two dollars and fifty cents. I was like, that's
Speaker 1: not in my life time. Starbucks, Radio and TV markets corresponded,
Speaker 1: Crety Gupta, head back to the pantry, Go get some
Speaker 1: more coffee. We all know you'll need it this morning
Speaker 1: and through the rest of the day as we keep
Speaker 1: tech earnings in focus. Of course, we heard from Google's
Speaker 1: parent company, Alphabet. We're waiting for meta platforms to report
Speaker 1: after the closing bell. Taking a look at stocks as
Speaker 1: a whole ahead of the wolpen this morning. On this Wednesday,
Speaker 1: SMP futures are up thirty three points down, futures up
Speaker 1: thirty eight. Tech heavy Nasdaq futures leading the games this
Speaker 1: morning up two or nineteen points or one and a
Speaker 1: half percent. This is Bloomberg Bloomberg eleven three oh weather
Speaker 1: mix of sun and clouds today with a high forty
Speaker 1: five degrees, afternoon rain tomorrow mid forties. That rain condend
Speaker 1: is wet, snow or sleet Friday with a higher thirty
Speaker 1: five currently thirty five degrees in Central Park Markets. Headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business apt and at Bloomberg Quick
Speaker 1: Takes a Bloomberg business Flash and I'm Karen. Moscow and
Speaker 1: NAZDAC futures are jumping this morning, we get to the
Speaker 1: first word breaking news dance for today's morning call. Here's
Speaker 1: film the O A good morning, Bill, Hey, good morning Karen.
Speaker 1: That's right now is that futures are surging on the
Speaker 1: heels of the Google earnings doubt. Futures tourmally up fifty points,
Speaker 1: SUPs rise thirty four, while the NASDEK futures are up
Speaker 1: two hundred and twenty. The US ten year old at
Speaker 1: one point seven nine percent, Golden oil are a little changed.
Speaker 1: Bitcoin is also trading little change, while your fe markets
Speaker 1: are in the green this morning. Back in the US,
Speaker 1: on the economic front, DP employment change, and after the
Speaker 1: bells night, PayPal reported a slower than expected finish to
Speaker 1: the year, shares our plunging sixtent. In the pre market,
Speaker 1: we mentioned Google, that company announced one stock split, Starbucks
Speaker 1: warned on labor costs, and am D reported strong sales
Speaker 1: guidance regarding earnings. This morning, Boston Scientific beat estimates and
Speaker 1: capre holdings raised fisk gear adjusted EPs outlook. Wrapping things up,
Speaker 1: Sinoco was cut to neutral at City Group under ARMO
Speaker 1: raised Overweight at Morgan Stanley and paypalas to market perform
Speaker 1: at Raymond James Live from the first breaking new sescon
Speaker 1: Bill Maloney care right, Bill, thank you to hear live
Speaker 1: breaking news of her Bloomberg t squawk on your terminal scue.
Speaker 1: You a w K and that's a Bloomberg business flash.
Speaker 1: Now here's Michael Barrow with Moore on what's going on
Speaker 1: around the world. Michael Karen, thank you very much. In Virginia,
Speaker 1: students and staff at Bridgewater College are in mourning after
Speaker 1: two security officers were shot to death. The suspect is
Speaker 1: in custody. Fired Miami Dolphins coach Brian Flores has sued
Speaker 1: the NFL and three teams, including the Giants, a llegend
Speaker 1: racist hiring practices by the league. The Washington Football team
Speaker 1: will announce its new name and logo today in the NBA,
Speaker 1: and the Nets and Wizards lost, the Warriors one in
Speaker 1: the NHL, the Rangers, Islanders and Bruins one, the Capitol's
Speaker 1: one in OT the Devil's Lost. Global News twenty four
Speaker 1: hours a day on airand on Bloomberg Quick Tank, powered
Speaker 1: by more than twenty seven hundred journalists and analysts, more
Speaker 1: than a hundred twenty countries. I'm Michael barn This is Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion. Big Ol locates
Speaker 1: to a different planet. I'm Liam Denning, a columnist for
Speaker 1: Bloomberg Opinion. Ex On Mobile is on the move, shifting
Speaker 1: its HQ from the Dallas suburbs to America's oil capital, Houston.
Speaker 1: The oil major announcer relocation a day before reporting its
Speaker 1: best annual results in more than a decade. The office
Speaker 1: moves looks like standard rationalization. Exon has a big campus
Speaker 1: already in Houston, and after recent layoffs, presumably has some
Speaker 1: spare desks. Yet booming profits might suggest there was little
Speaker 1: need for belt tightening. The two are in fact inextricably linked.
Speaker 1: Unlike back in two thousand and eight, Excell's big free
Speaker 1: cash flow numbers reflect tight spending to recapture investor's confidence
Speaker 1: after several years of borrowing heavily to cover dividends. Being
Speaker 1: big oil these days means really sweating the small stuff.
Speaker 1: I'm Liam Denning. For more opinion, please go to Bloomberg
Speaker 1: dot com, slash opinion or O P I N go
Speaker 1: on the Bloomberg terminal these has been Bloomberg Opinion and
Speaker 1: Bloomberg Opinion commentary is gonna be heard every weekday at
Speaker 1: this time and terminal customers can read more at O
Speaker 1: p I n GO. It is six fifty on Wall Street.
Speaker 1: Return to news and science and technology now with a
Speaker 1: Bloomberg and j I T STEM report brought to you
Speaker 1: by New Jersey Institute of Technology, Transforming computing professionals and
Speaker 1: a data scientists to be demand in this fast growing field.
Speaker 1: Learn more at n j I T DOT E d
Speaker 1: U slash Data Science Now. Here's it's making news and science, technology,
Speaker 1: engineering and math. The World Health Organization warrants that now
Speaker 1: is not the time to be lifting public health measures.
Speaker 1: The w h O said that COVID case reporting is
Speaker 1: an under estimate and not a great proxy for understanding
Speaker 1: virus circulation. That came on the same day that New
Speaker 1: York State reported at nine drop and infections from the
Speaker 1: peak a few weeks ago. New Orleans is requiring COVID
Speaker 1: vaccinations for all students ages five and up. That makes
Speaker 1: it one of the first major school districts to require
Speaker 1: such mandates. Families may still claim exemptions for philosophical, religious,
Speaker 1: or medical needs. And Senators Ed Markey and Elizabeth Warren,
Speaker 1: both Democrats or Massachusetts, called on the Justice Department to
Speaker 1: crack down on retailers selling counterfeit masks. Reports of fraudulent
Speaker 1: or counterfeit mass of skyrocketed during the pandemic, as have prices.
Speaker 1: The senator's letter comes as the Centers for Disease Control
Speaker 1: and Prevention updated its mask advice last month to reflect
Speaker 1: that respirator style face coverings K and nine fives or
Speaker 1: and nine fives are more effective at preventing COVID nineteen
Speaker 1: transmission than cloth or surgical masks. And that's the Bloomberg
Speaker 1: and J. I. T. Stem Report. Nathan, all right, Karen,
Speaker 1: thank you. We're live from the Bloomberg Interactive Brokers Studios
Speaker 1: or at six fifty one on Wall Street. Time out
Speaker 1: to check what's going on in d C, where some
Speaker 1: of the top stories include Senate Democrats regrouping after defeat
Speaker 1: on voting rights, Republican opposition building to the U. S.
Speaker 1: China competition bill in the House, and Democratic Senator Ben
Speaker 1: Ray Luhan recovering from a stroke. Also making news, President
Speaker 1: Biden reviving the cancer moonshot with an ambitious plan to
Speaker 1: cut the rate in half. Let's bring in Bloomberg Government
Speaker 1: reporter Emily Wilkins this morning. Emily, this was an issue
Speaker 1: that was near and dear to President Biden's heart when
Speaker 1: he was Vice President Biden, So what's the plan to
Speaker 1: bring it back now? The cancer moonshot? S Nathan. The
Speaker 1: idea for this is to really sort of re up
Speaker 1: the program, kind of get it a new life, really
Speaker 1: continued pushing with it. I mean remember initially the program
Speaker 1: got one point billion dollars in funding. Uh not all
Speaker 1: of that I think has been spent. Um. There's also
Speaker 1: deserve a new desire for Biden administration to start talking
Speaker 1: about this issue again. Obviously, as you mentioned, it's very
Speaker 1: close to President Biden's heart, given at his son both
Speaker 1: passed after a very aggressive brain cancer. UM. You know,
Speaker 1: one thing to note is that the way they're not
Speaker 1: really talking about caring cancer anymore, but they want to
Speaker 1: talk about the new progress on cancer um finding the
Speaker 1: new research allowing people to either live longer or be
Speaker 1: able to beat their cancer. And so these are all
Speaker 1: things I mean, I see, this is the issue once
Speaker 1: again close to Biden's hard something he really cares about.
Speaker 1: As won't be allocating new funding for this, but they're
Speaker 1: going to be looking for other ways to really sort
Speaker 1: of invigorate the research around cancer. It is interesting to
Speaker 1: see this issue revived for President Biden after all the
Speaker 1: setbacks he's seen over the last few months, whether you're
Speaker 1: talking about the voting rights legislation or his overall economic agenda. Yeah,
Speaker 1: Biden has not been having a very good i say,
Speaker 1: less year a half year, and the polling numbers reflect that.
Speaker 1: I mean, it's not just his legislation going down. Um,
Speaker 1: it is also things like Afghanistan, things like oh Macron,
Speaker 1: things like really high inflation, and now we're headed towards
Speaker 1: a potentially harmful jobs report come Friday. And so these
Speaker 1: are sort of a way to the way House to
Speaker 1: focus on something that they can do going forwards, or
Speaker 1: of a common issue. Um. In our very politicized Washington,
Speaker 1: at least one thing that that most people can agree
Speaker 1: on how to move forward on it is cancer. And
Speaker 1: another issue that had seen some bipartisan support that I
Speaker 1: know you're keeping an eye on is this U. S.
Speaker 1: China Competition bill. But we are hearing and seeing a
Speaker 1: lot more Republican criticism coming up, particularly in the House
Speaker 1: and this version of the bill. Yes. So remember the
Speaker 1: House and the Senate, they're dealing with different versions of
Speaker 1: the bill. Here. In the Senate version of the bill,
Speaker 1: it was bipartisan, it did get Republicans support, but the
Speaker 1: House has put out their own version and Republicans have
Speaker 1: been pretty uniformly opposed to it. Um. They say that
Speaker 1: this bill it's not tough enough on China, that it
Speaker 1: has a lot of provisions in there that they feel
Speaker 1: are sort of democratic wish list items like climate they
Speaker 1: don't necessarily have to do with the Chinese Communist Party
Speaker 1: and with research, and so that is what I Republicans
Speaker 1: are really not expected to be voting for this legislation. Uh.
Speaker 1: It was debated and approved by a panel last night.
Speaker 1: It's been teed up for four actions this week, and
Speaker 1: at this point it works expecting it to just move
Speaker 1: with only Democratic votes. That said Nathan, then this bill
Speaker 1: does have to go because the House and Senate past
Speaker 1: different versions. They gotta get together. They gotta figure out
Speaker 1: what their final bill is going to look like. And
Speaker 1: that's the one that really would need more Republican support. Technically,
Speaker 1: Republicans in the House aren't aren't needed to pass anything
Speaker 1: if Democrats can just all stick together, but in the
Speaker 1: Senate that's not the case. And Democrats certainly want the
Speaker 1: Republican colleagues in both cheamers to come along with them.
Speaker 1: You only have about thirty seconds left here, I believe,
Speaker 1: but we're getting another reminder just how fragile the Senate
Speaker 1: majority is for Democrats with one of their members suffering
Speaker 1: a stroke. The good news is that Benrie Luhan is
Speaker 1: expected to make a full recovery. But yes, it's if
Speaker 1: you a huge reminder, Nathan that this fifty vote majority,
Speaker 1: it's it's pretty fragile. I mean, we have seen senators, um,
Speaker 1: you know, die in in the past, thank John McCain. Uh,
Speaker 1: we've it's a it's an older group, um, although I
Speaker 1: have to say Benrey Lujan is one of the other ones.
Speaker 1: He is only forty nine years old. Uh. And so
Speaker 1: I think that's sort of a big reminder of the
Speaker 1: majorities that that President Biden is dealing with here, and
Speaker 1: a reminder as uh you were waiting for him to
Speaker 1: make his announcement on Supreme Court nominee. Certainly. Bloomberg Government
Speaker 1: reporter Emily Wilkins with us this morning from Washington. Karen Nathan,
Speaker 1: thank you, say fifty six on Wall Street and this
Speaker 1: is Bloomberg Daybreak. February is Black History Month, and every
Speaker 1: day this month were celebrating significant moments in US black history.
Speaker 1: Now with your installment for February second, here is Bloomberg's
Speaker 1: NYO Young on this day in Black History. In two
Speaker 1: thousand nine, Eric Holder became the first black Attorney General
Speaker 1: of the United States of America. He was confirmed as
Speaker 1: the eighty second Attorney General of the nation. Then President
Speaker 1: Barack Obama nominated Holder months before, and he served more
Speaker 1: than six years as Obama's attorney General. This made him
Speaker 1: the third longest serving attorney general in US history. Today,
Speaker 1: Holder advised its clients like complex investigations and litigation matters
Speaker 1: at international law firm Covington and Burling. That's today in
Speaker 1: Black History. I'm ni to Young Bloomberg Radio. All right, Nita,
Speaker 1: thank you, and again. Futures on the rise this morning,
Speaker 1: led by NASDAG futures which are up two hundred and
Speaker 1: twenty five points or one and a half percent. SMP
Speaker 1: futures are up thirty five and now futures up forty
Speaker 1: five and the tenure Treasury that'll change the yield one
Speaker 1: point seven eight percent. Bloomberg Surveillance says straight Ahead with
Speaker 1: Tom Keene, Jonathan Farrell and Lisa of Ramawatts. For Nathan Hagar,
Speaker 1: I'm Karen Moscow and this is Bloomberg