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Speaker 1: Markets, headlines and breaking news twenty four hours a day

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Speaker 1: at Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg

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Speaker 1: Quick Tape. He's a Bloomberg Business Flash and I'm Karen Moscow.

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Speaker 1: US Dock Index Future is on the rise this morning

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Speaker 1: as technology shares rally, and we check the markets all

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Speaker 1: day long here on bloomberg s and P futures, they're

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Speaker 1: up a third of a percent or thirteen points, and

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Speaker 1: down features of a tenth of a percent or forty

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Speaker 1: five points. At nast day futures up sixtensive upper cent

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Speaker 1: or sixty six points. The decks in Germany's up two

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Speaker 1: tenths of uppercent. Ten year treasury up three thirty seconds,

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Speaker 1: you know, three point at six percent. The yield on

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Speaker 1: the two year four point three five percent. Nieme x

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Speaker 1: scret oil is down what and a half percent on

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Speaker 1: a dollar eighteen at seventy seven dollars, seventy eight cents

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Speaker 1: of barrel comic schooled down two tenths percent or four

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Speaker 1: dollars at eighteen eleven eighty announced the euro one point

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Speaker 1: oh six three three against the dollar, British pound one

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Speaker 1: point two zero three two and the A one thirty

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Speaker 1: three point eight one Bitcoin is up for tensive percent

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Speaker 1: at sixteen th six hundred dollars. And that's a Bloomberg

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Speaker 1: business flash. John thanks five fifties six on Wall Street,

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Speaker 1: and it's time for a daily Bloomberg lawbree If exploring

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Speaker 1: legal issues in the news. Today, we're looking at the

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Speaker 1: battle over titled forty two, the White House complying with

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Speaker 1: the Supreme Court order to keep the sweeping measure in place.

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Speaker 1: Title forty two places coronavirus controls on the border, stemming

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Speaker 1: the flow of the immigrants into the US. And for

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Speaker 1: more on the issue of Bloomberg's Madison Mills speaks with

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Speaker 1: Leon Fresco, a partner at Holland and Night. What would

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Speaker 1: you say is the single biggest concern that you have

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Speaker 1: about the impact of this decision from the Supreme Court? Well,

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Speaker 1: the interesting thing is that what's being reported isn't exactly

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Speaker 1: in line with the actual facts of what's going on,

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Speaker 1: meaning that there are so many levels and layers to

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Speaker 1: these cases that it's really hard to sort of get

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Speaker 1: a straight arrow reporting of what is happening. And here's

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Speaker 1: what I mean. So, for instance, in the Louisiana case,

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Speaker 1: which is the case that's actually keeping now Title forty

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Speaker 1: two in effect until at least now June of three.

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Speaker 1: That's the case that the Biden administration could have chosen

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Speaker 1: to speed up in the appellate process and asked for

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Speaker 1: expedited consideration, but they didn't, and so that's why we

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Speaker 1: don't have an answer on the fate of Title forty

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Speaker 1: two faster. Secondly, in the DC case, which is the

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Speaker 1: case I was actually dealt with by the Supreme Court

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Speaker 1: about this issue of whether the States could intervene or not,

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Speaker 1: that whether that decision from the DC District would be stayed.

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Speaker 1: The only reason there's a decision to be stayed now

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Speaker 1: is because the Department of Justice took an appeal to

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Speaker 1: the Court of Appeals of the d C Circuit. Had

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Speaker 1: they not taken an appeal, there would have been nothing

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Speaker 1: for the States to intervene to and there wouldn't have

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Speaker 1: been yet again let's stay. And so what's fascinating about

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Speaker 1: this is the Biden administration can say, well, we don't

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Speaker 1: want type of forty two around, but that's not actually

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Speaker 1: consistent with two different litigation decisions that have been made

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Speaker 1: in these cases. So the fair point is to say,

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Speaker 1: they may have a loopwarm desire to have tit of

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Speaker 1: forty two around, but there are certainly the actions that

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Speaker 1: have taken place, our actions where it doesn't seem like

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Speaker 1: there's actually a great desire to entit afforty too, with

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Speaker 1: regard to the Biden administration, have we seen comprehensive immigration

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Speaker 1: plans from the right, Well, they are not in the

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Speaker 1: mood to do anything at the moment that would have

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Speaker 1: sort of the pillars of immigration reform, which would be

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Speaker 1: they're sort of three or why is that? Why are

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Speaker 1: they not in the mood for that? Well, I think

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Speaker 1: they view the current situation on the border as one

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Speaker 1: where to the extent that now you're seeing more and

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Speaker 1: more programming in this regard even not on just Fox

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Speaker 1: News or news Max, but you're seeing it on MSNBC

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Speaker 1: and CNN, that that's an advantage a situation to show

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Speaker 1: that there's not an ability to end those scenes on

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Speaker 1: the southern border, and so why basically give a handoff

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Speaker 1: to a person who's not able to handle this situation.

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Speaker 1: Immense le On Fresco, a partner at Holland and Nice,

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Speaker 1: speaking with Bloomberg's Madison Mills, can catch more conversations like

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Speaker 1: this on Bloomberg's Sound on Herd week days at five

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Speaker 1: pm Eastern on Bloomberg Radio Plus. Attorneys can find exceptional

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Speaker 1: legal research and business development tools at Bloomberg Law dot

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Speaker 1: com and on the Bloomberg terminal. It's at b law

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Speaker 1: dot gov. This is Bloomberg Markets, headlines and breaking news

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Speaker 1: twenty four hours a day at Bloomberg dot com, the

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Speaker 1: Bloomberg Business at and at Bloomberg Quctape. She's a Bloombern

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Speaker 1: Business lash and I'm Karen Moscow. US stock index Future

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Speaker 1: is on the rise this morning as technology shares rally

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Speaker 1: on the second to last day of training and what's

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Speaker 1: been a brutal year for financial markets, and we check

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Speaker 1: the markets all day long here on Bloomberg S and P.

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Speaker 1: Future is up about thirteen points of a third of

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Speaker 1: up percent. Deal futures up a tenth of upper cent

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Speaker 1: or forty two points. Nasdack futures are up six tenths

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Speaker 1: of upper cent or sixty seven points. The decks in

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Speaker 1: Germany's up to tenths of upper cent. Ten year treasury

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Speaker 1: up four thirty seconds at three point eight six percent.

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Speaker 1: They yield on the two year four point three four percent.

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Speaker 1: Ni Max screwed oils down one point seven percent at

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Speaker 1: a dollar thirty two at seventy seven dollars sixty four

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Speaker 1: cents of barrel comes golled down two tens percent or

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Speaker 1: three dollars ninety cents at eighteen eleven ninety announce the

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Speaker 1: Euro one point six three five against the dollar. British

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Speaker 1: found one point two zero to nine, the n is

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Speaker 1: at one thirty three point seven seven and big coins

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Speaker 1: up for tens of uppercent. It's at about sixteen thousand,

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Speaker 1: six hundred dollars. And that's a bloomberg business flash. Now

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Speaker 1: here's Michael Barr with more on what's going on around

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Speaker 1: the world. Michael, Karen, thank you very much. More than

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Speaker 1: twenty three hundred Southwest flights are already canceled today, marking

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Speaker 1: the fourth strade day of the airline has canceled more

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Speaker 1: than fifty percent of its scheduled flights, and all more

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Speaker 1: than thirteen thousand Southwest flights the past week have been canceled.

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Speaker 1: The U S is reinstating mandatory COVID nineteen testing for

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Speaker 1: airline travelers arriving from China. The CDC says the new

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Speaker 1: measures follow a surge in infections in China and a

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Speaker 1: lack of transparency from Chinese officials. A massive fire at

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Speaker 1: a Cambodian hotel casino has killed at least a dozen people.

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Speaker 1: In the NBA, the Nets one their tenth straight, the

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Speaker 1: Wizards and Warriors one. In the NHL, the Bruins beat

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Speaker 1: the Devil's three one. Global News twenty four hours a

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Speaker 1: day on air and on Bloomberg Quick Take, powered by

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Speaker 1: more than twenty seven hundred journalists and analysts more than

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Speaker 1: a hundred twenty countries. Michael Barr, this is Bloomberg. John

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Speaker 1: all right, Michael, thank you. It is five forty two

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Speaker 1: on Wall Street to Bloomberg Daybreak. I'm John Tucker alongside

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Speaker 1: Karen Moscow. Let's take a look at some of the

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Speaker 1: other stories that are making news this morning. Three will

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Speaker 1: likely see more attempted crossings of the U. S border

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Speaker 1: that threatens to burden already an overwhelmed enforcement system. President

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Speaker 1: Biden's immigration policies face uncertainty, and to the Supreme Court,

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Speaker 1: Captain placed pandemic era border controls. Leon Fransco's former Deputy

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Speaker 1: Assistant Attorney General for the Office of Immigration Litigation. At

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Speaker 1: the end of the day. I do think that there

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Speaker 1: will be a confluence the factors that will hopefully lead

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Speaker 1: to an immigration reform efforts, and the question is why

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Speaker 1: that how that will happen? And stay with us for

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Speaker 1: more on the title fight from the former Deputy Assistant

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Speaker 1: Attorney General Fransco that's coming up shortly in our daily

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Speaker 1: Bloomberg laundrerief. On the meantime, John Crypto again in focus

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Speaker 1: this morning. Salana, the Blanchain network once championed by Sam Bankman.

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Speaker 1: Freed is drawing intense through me for its close ties

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Speaker 1: to the disgrace crypto mogul. The prices Alana's crypto token

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Speaker 1: s o L has plummeted ninety six percent from it's

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Speaker 1: all time high in November of last year. It peaked

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Speaker 1: at two hundred sixty dollars. Now it's around ten and

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Speaker 1: the fellow reserves aggrssive tightening continues to take a toll

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Speaker 1: on the housing market. US pending home sales fell for

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Speaker 1: a sixth consecutive month in November to the second lowest

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Speaker 1: on record. Data also show borrowing costs have roughly doubled

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Speaker 1: since the start of the year. Well, John, the US

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Speaker 1: Virgin Islands is suing JP Morgan for turning a blind

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Speaker 1: eye to former client Jeffrey Epstein's sex trafficking on his

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Speaker 1: private island. There. The Virgin Islands Attorney General says the

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Speaker 1: suit is part of an ongoing effort to hold accountable

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Speaker 1: those who facilitated Epstein's activities. And Karen now to another

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Speaker 1: story we're watching this morning, Russia ruling out peace talks

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Speaker 1: with Ukraine. Let's take a deeper diving into this morning.

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Speaker 1: We're joined by Bloomberg News correspondent Alexander Kudriski joining us

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Speaker 1: now from Warsaw Polo and thanks for being with us.

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Speaker 1: The Russian Foreign Minister Sergei Lavrov is making some comments.

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Speaker 1: What exactly is he saying? Um? Russian Foreign Minister Lavrov

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Speaker 1: uh had an interview today in which he said that

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Speaker 1: Kremlin will not be discussing Ukraine's demands to withdraw from

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Speaker 1: the occupied plans and pay any reparations, so the answers

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Speaker 1: Uh another interview by Ukrainian Foreign minister who said that

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Speaker 1: Ukraine would like to hold a piece Pize summit on February,

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Speaker 1: but they don't anticipate Russia to take part and seek

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Speaker 1: tribunal against Russian leadership. Well, how is the war? Let's

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Speaker 1: back up, how is the war going for Ukraine and Russia? Uh? Well,

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Speaker 1: just today people in Kiev, actually including our Blueberg colleagues

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Speaker 1: in the Ukrainian capital, heard series of loud explosions because

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Speaker 1: Russia lunched another missile bash. Um. However, the explosions appeared

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Speaker 1: to be a largely work of air defense, which is

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Speaker 1: WHICHIES has become very effective, and all missiles in climbing

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Speaker 1: at ke has been shut down for example, and only

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Speaker 1: about one fifth of Russian missiles fired today. Um, we're

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Speaker 1: able to reach their target. But still the attack caused

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Speaker 1: quite big power disruptions in other areas. For example, in

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Speaker 1: Leaf City, New Poland, almost any percent of people were

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Speaker 1: left without electricity. Does Russia's show any signs of wanting

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Speaker 1: to end this conflict? Well, um, today shows that Russia

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Speaker 1: is still willing to stick to its h relatively new

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Speaker 1: tactic of targeting Ukrainian energy infrastructure since it's apparently not

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Speaker 1: able to reach any successes in the battlefield. We'll have

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Speaker 1: to see what the new year brings. But today we've

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Speaker 1: seen another missile attack, which was a tenth tenth attack

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Speaker 1: since September of such times, and let's focus continuous. I

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Speaker 1: want to focus on the people of Ukraine, how they're

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Speaker 1: doing in this winter without any supplies of of energy.

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Speaker 1: At this point, what's the situation on the ground there

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Speaker 1: in Ukraine for the people? Oh, you Ukrainian people now

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Speaker 1: have to get used to living with power supply, which

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Speaker 1: is not a table for most people. Um. Every day

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Speaker 1: you have periods of time when you have electricity and

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Speaker 1: when you don't for thresholds of several hours, and it

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Speaker 1: all depends on the region. Situations seems to be um,

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Speaker 1: whether in some areas and worse in others, or especially

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Speaker 1: after a missile hits UM. Like I said today, there

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Speaker 1: are power disruptions in a death region and keive authorities.

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Speaker 1: By the way, even if a KIV wasn't directly hit

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Speaker 1: by missile, still had to introduce UM power cuts just

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Speaker 1: to avoid some some damage in case some missiles could

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Speaker 1: reach their goals. Um, it's a tough time, tough winter.

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Speaker 1: But fortunately the weather is not that of frosting now

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Speaker 1: and well so far Ukraine is not freezing to death.

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Speaker 1: We can only hope that holds. At this point. What

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Speaker 1: you're in Poland describe for me the situation there. Refugees

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Speaker 1: in Poland and other joining countries sound like they are

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Speaker 1: stepping up to the plate to help Ukraine and the

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Speaker 1: people that have flowed flowed over the border. Right. Yes,

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Speaker 1: Polands have been incredibly helpful to Ukrainians and incredibly welcoming

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Speaker 1: and effective in its help. Um. But also one particuliar

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Speaker 1: thing is that most people coming from Ukraine are women

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Speaker 1: and children because men are technically not allowed to leave

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Speaker 1: the country. From what I saw in terms of last statistics,

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Speaker 1: some eight million Ukrainians left for Poland since the war start,

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Speaker 1: but also six million returns. So many people do come

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Speaker 1: back and not everyone's stays in Poland or elsewhere in Europe. Um. Uh,

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Speaker 1: well in Poland, but the country is U doing is

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Speaker 1: best to help Ukraine because it's all this that the

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Speaker 1: war is not that far away Ukraine, UM, Poland Polish

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Speaker 1: people in Polish government is willing to help Ukraine survive

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Speaker 1: and sustain itsel because if he doesn't, who knows what's

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Speaker 1: going to happen. Bloomberg reporter Alexander Kadriski on the very

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Speaker 1: latest joining us from Warsaw this morning. Thanks very much,

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Speaker 1: alex We appreciate that this morning, as we look at

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Speaker 1: futures right now, the down futures, they point to a

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Speaker 1: higher open out Wall Street this morning, at least for now.

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Speaker 1: The down futures of sixty one points, that is a

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Speaker 1: rise of two tents of a percent. Smp Ehumni futures

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Speaker 1: there are fourteen of four tenths of a percent. The

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Speaker 1: Nanazac futures sixty nine points higher right now, up six

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Speaker 1: tenths of eight percent, the ten year yell down one

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Speaker 1: basis point where three eighties six. You are listening the

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Speaker 1: Bloomberg Day Break markets, headlines and breaking news twenty four

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Speaker 1: hours a day at Bloomberg dot com, the Bloomberg Business

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Speaker 1: at and at Bloomberg ticktake three. He's a Bloomberg Business

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Speaker 1: lash and I'm Karen Moscow. U s Dock Index futures

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Speaker 1: gaining this morning, led by the Nasdaq futures following a

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Speaker 1: rally and Asian technology stocks amid science China's easing a

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Speaker 1: regulatory crackdown, and we checked the markets all day long

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Speaker 1: here on Bloomberg s and P futures they're higher, up

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Speaker 1: three tents of upper cent or eleven points. Down future

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Speaker 1: is up a tenth of upper cent or thirty eight points.

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Speaker 1: Nashtack futures, they're up six tenths of upper center sixty

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Speaker 1: one points. The decks in Germany's up two tenths of

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Speaker 1: upper cent ten. Your treasury up five thirty seconds three

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Speaker 1: point at six percent. They yield on the two year

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Speaker 1: four point three four percent. Nine back. Screwed oil is

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Speaker 1: down one percent at a dollar forty two at seventy

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Speaker 1: seven dollars fifty four cents of barrel call makes gold

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Speaker 1: lit'll changed at eighteen fourteen fifty announced and that's a

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Speaker 1: bloomberg business flash. Now here's Michael Barr with more on

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Speaker 1: what's going on around the world. Michael, good morning, Good morning, Karen.

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Speaker 1: Southwest is trying to recover from one of the worst

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Speaker 1: airline meltdowns in US has three passengers are still stranded

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Speaker 1: all over the country. Another twenty three hundred Southwest flight

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Speaker 1: has been canceled for today. The US and Italy joined

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Speaker 1: an increasing number of nations requiring COVID tests for travelers

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Speaker 1: from China. Concerns are mounting over the risk of any

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Speaker 1: new variants emerging from the surge of infections in the country.

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Speaker 1: In the NBA, the NETS one, their tenth straight the

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Speaker 1: Wizards and Warriors one in the NHL, the Bruins beat

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Speaker 1: the Devil's three one. Global news twenty four hours a

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Speaker 1: day on air and on Bloomberg Quick Take, powered by

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Speaker 1: more than twenty seven under journalists and analysts more than

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Speaker 1: twenty countries. Michael bar this is Bloomberg. John alright, Michael,

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Speaker 1: thank you, five twenty three odd Wall Street down. John Scer,

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Speaker 1: this is Bloomberg Daybreak. Let's pick up on that headline, Michael.

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Speaker 1: Just to mention the US and Italy joining an increasing

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Speaker 1: number of nations requiring COVID tests for travelers from China.

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Speaker 1: Let's take a deeper dive hand to Shanghai this morning,

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Speaker 1: and that's where you find Bloomberg's Alan one Alan always

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Speaker 1: a pleasure. Um, what's thet is? What countries are imposing?

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Speaker 1: What kind of restrictions? Yeah, you just mentioned that the

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Speaker 1: main ones are in the US and early um and

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Speaker 1: uh in liew in the US in lieu of tests? Um? Uh?

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Speaker 1: The what the US said that passengers Chinese passengers, travelers

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Speaker 1: can provide documentation of recovery from COVID or they have

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Speaker 1: they have tested positive more in ten days earlier, so

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Speaker 1: doesn't necessarily have to be negative PCR test results. The

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Speaker 1: requirement also requires that all passengers, UM, you know I

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Speaker 1: have to like undergo this process, regardless of nationality or

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Speaker 1: vaccination status. UM. The US health officials are concerned basically

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Speaker 1: about china lack of transparency around case data, saying that

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Speaker 1: the high numb of people, high number of people affected

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Speaker 1: over a very short period time raised the chance of

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Speaker 1: a new variant emerging. I mean, for it's Paul. China

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Speaker 1: said that if there are any new variants, it's going

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Speaker 1: to report it to the World Healthfulization and UH, a

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Speaker 1: global consortium that tracks all the stuff attracts the pandemic,

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Speaker 1: said US. So far, there aren't any signs of any

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Speaker 1: significant new new mutations emerging. And what's why we've seen

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Speaker 1: in China has been circling around the world so far,

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Speaker 1: the vaccines that were available in China, I think you've

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Speaker 1: got what is Are they effective? I mean they're just

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Speaker 1: or not well. I have to think about it that

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Speaker 1: there's always that concern even among the Chinese. I mean,

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Speaker 1: I hear about UM mainland Chinese saying that you want

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Speaker 1: to go to Macau, Hong Kong to get the m

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Speaker 1: R and a vaccine UM. From my perspective, you know,

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Speaker 1: I've I've had to two Chinese shots the Sidle Farm,

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Speaker 1: which are who approved, and then I got a booster

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Speaker 1: five boost a year ago when I was in New

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Speaker 1: York and I contracted COVID and I I was a symptomatic,

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Speaker 1: I know symptoms. So it's hard for me to say

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Speaker 1: that the Chinese Chinese vacucally's are less effective just because

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Speaker 1: I myself have you know, it looks like I've been

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Speaker 1: able to sort of withstand the worst of it. Um.

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Speaker 1: But yeah, there's always a concern. And that's why you know,

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Speaker 1: China has been coming out with and now inhalable vaccine.

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Speaker 1: It's going to allow foreigners to get the flies of

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Speaker 1: Beyon tech of vaccine here in China as well. Okay,

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Speaker 1: from the market's perspective, is the China reopening a good

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Speaker 1: thing because well they're back in the game the world's

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Speaker 1: second the largest economy. Or is it a bad thing

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Speaker 1: because maybe COVID is gonna spread maybe variants, Well that's

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Speaker 1: the thing, you know, will are there gonna be new

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Speaker 1: variants emerging? So far, let like I said, Global Consortium

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Speaker 1: attracts all the stuff and they're watching really carefully. It

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Speaker 1: doesn't what they do they said so far earning is

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Speaker 1: a okay. Um. Bobviously there's always going to be the

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Speaker 1: concern just because um, you know, if you know the

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Speaker 1: fact that the spring China has been so rapid, so sudden,

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Speaker 1: that there's always that possibility. Um. But I think as

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Speaker 1: far as the vessels concerned, UM, right now, it's more

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Speaker 1: of a wait and see approach just because is we

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Speaker 1: have to China approaching and we're gonna have you know,

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Speaker 1: a lot more infections and deaths in the next few weeks, um,

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Speaker 1: and then from there will well, well, the operaks peak. Today,

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Speaker 1: the Chinese c DC said that the operaks are peaking

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Speaker 1: in Baiting, uh chung Do, and uh Tangin, but it's

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Speaker 1: still pretty seriously Shanghai. Uh. So, I mean there are

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Speaker 1: like you know, uh, it's always peaking in some major

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Speaker 1: important cities, but we're still not where we need to

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Speaker 1: be from Shanghai. This morning, Bloomberg's Alan Jan Alan stay healthy.

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Speaker 1: We appreciate it, and just ahead this morning's top stories

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Speaker 1: plus your local headlines. Right now, the SMP futures are

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Speaker 1: twelve points hire. That's a three tents of percent. Right now,

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Speaker 1: Let's get a look at today's Bloomberg weather forecast, and

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Speaker 1: with that's met around just Rob Caroline mixed the clouds

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Speaker 1: and sunshine shaping up for the Tri State area. High

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Speaker 1: pressures off to our south and east in the Atlantic,

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Speaker 1: so that's gonna allow to warm up high to fifty.

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Speaker 1: We're partly cloudy ton eight thirty to thirty five, partial

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Speaker 1: sun for tomorrow close to fifty becoming cloudy thirty five

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Speaker 1: to forty tomorrow night rain who was in late Saturday

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Speaker 1: fifty to fifty five, partial clearing on Sunday. On Rob

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Speaker 1: Carolyn with your weekend forecast on Bloomberg eleven three oh

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Speaker 1: broadcasting live from the Bloomberg Interactive Broker Studio in New York,

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Speaker 1: Bloomberg EVM freed on to Washington, d C, Bloomberg ninety

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Speaker 1: one to Boston, Bloomberg one O six one to San Francisco,

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Speaker 1: Bloomberg n sixty to the country, Sirius XM to the

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Speaker 1: one nineteen and around the globe, the Bloomberg Business app

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Speaker 1: and Bloomberg Radio dot Com. This is Bloomberg Daybreak, and

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Speaker 1: we're coming up to five thirty on Wall Street good morning.

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Speaker 1: I'm Karen Moscow and I'm John Sucker. This is your

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Speaker 1: daily reminder from Innovation Refunds to apply for a payroll

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Speaker 1: tax refund if you're smaller medium science business was impacted

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00:21:59,000 --> 00:22:03,040
Speaker 1: by COVID nineteen Innovation Refunds clients already claimed over two

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00:22:03,080 --> 00:22:06,680
Speaker 1: billion dollars in payroll tax refunds. Get started at get

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Speaker 1: refunds dot com and a nearly four hours away from

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Speaker 1: the open of US trading, let's get you have to

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Speaker 1: day on the news you need to know at this hour.

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Speaker 1: As COVID cases climb in Shina, the US plans to

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Speaker 1: require COVID testing for travelers from the country. Officials are

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Speaker 1: concerned about new variants and China's lack of transparency with

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Speaker 1: COVID data. Italy will also begin testing arrivals from China

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Speaker 1: and wants other European countries to do the same. And

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Speaker 1: we have news on the war in Ukraine this morning.

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Speaker 1: Russian Foreign Minister Sergei Lavrov says Moscow will not enter

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Speaker 1: into negotiations and the war. The hardline stance comes as

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Speaker 1: Rossia launched another missile barrage major major cities in Ukraine.

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Speaker 1: Former Defense Secretary Mark answer says the US can and

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Speaker 1: should provide further support for Ukraine. It's important that we

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Speaker 1: hold on, but at the same time give Ukraine what

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Speaker 1: they need to win. They have the will, they have

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Speaker 1: the courage, they had the resolved, They've been showing a

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Speaker 1: great deal of grit and success on the battlefield. We

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Speaker 1: need to help enable that. Former Defense Secretary Mark Asper,

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Speaker 1: you're speaking with David Weinston on Bloomberg's Balance of Power

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Speaker 1: at Catch to the show weekdays at noon on Bloomberg

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Speaker 1: Radio and television. Well to All Street Now, John, We're

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Speaker 1: layoffs are front end center. Goldman Siance is working on

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Speaker 1: a fresh round of staff cuts. CEO David Solomon made

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Speaker 1: the announcement in his year end message to staff, saying

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Speaker 1: the cuts will be unveiled in a matter of weeks. Man, Karen,

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Speaker 1: looking at markets right now. US futures for now, they're

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Speaker 1: higher following two days of losses, COVID concerns out of China.

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Speaker 1: Weighing on set of it. Jonathan gobubhead of US Equity

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Speaker 1: Strategy of Credit Sweet says steady wages can provide some

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Speaker 1: stability in three Wages don't look like they're gonna fall

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Speaker 1: as much for the average consumer. They're going to get

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Speaker 1: a stronger wage increase the things they fired, and we

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Speaker 1: are going to go off as much as their wages,

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Speaker 1: and yet jobs are really plentiful. Jonathan Gallub with Credit

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Speaker 1: Sweet says he thinks there would be positive market movement

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Speaker 1: in early next year. And John, the travel meltdown that's

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Speaker 1: stranded thousands of passenger shows no signs of slowing as

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Speaker 1: the airline continues canceling flights and Bloomberg. Steve Rappaport joins

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Speaker 1: US Live with more. Steve, good Morning, Good morning, Karen,

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Speaker 1: and John. Southwest blames bad weather for its problems that

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Speaker 1: aviation experts say snow was only one of the elements

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Speaker 1: that created the perfect storm. They point to issues like

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Speaker 1: tight turnaround times, faulty phone systems, and outdated software. Analysts

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Speaker 1: and unions warned for years that Southwest needed to invest

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Speaker 1: in new technology. Those warnings proved costly, as Southwest grounded

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Speaker 1: more than twenty three additional flights for today. But grace

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Speaker 1: skies look like they're clearing up to the carrier. So far,

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Speaker 1: Southwest canceled only thirty nine flights for tomorrow, according to

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Speaker 1: the tracking site flight aware Live in New York. I'm

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Speaker 1: Steve Rappaport Bloomberg Daybreak. All right, Steve, thank you, and

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Speaker 1: your local headlines are straight ahead and this is Bloomberg

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Speaker 1: all right. Thanks Karen. That brings us to five thirty

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Speaker 1: one on Wall Street and time to bring in Michael

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Speaker 1: barn with moura. What else is going on in New

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Speaker 1: York can around the world, John, thank you very much.

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Speaker 1: The National Guard went door to door in parts of

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Speaker 1: Buffalo to check on people who lost power during the

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Speaker 1: area's deadliest winter storm in decades. Already, about three dozen

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Speaker 1: deaths have been reported in Western New York from the blizzard.

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Speaker 1: Buffalo Mayor Byron Brown again, as you know, this was

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Speaker 1: a historic storm, probably the worst storm that the city

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Speaker 1: has seen in over fifty years, and perhaps maybe the

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Speaker 1: worst storm in recorded history. Uh. Since these storms have

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Speaker 1: been tracked, Mayor Brown says a travel ban has been lifted,

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Speaker 1: but a travel advisory remains in place. A rally to

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Speaker 1: get rid of Title forty two was held outside the

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Speaker 1: Opasso County Courthouse in Texas to protest this week's big

430
00:25:48,480 --> 00:25:52,399
Speaker 1: decision on immigration. This demonstrated says she's visiting relatives for

431
00:25:52,440 --> 00:25:55,240
Speaker 1: the holidays, but lives in Panama and pay his close

432
00:25:55,280 --> 00:25:58,840
Speaker 1: attention to US politics. I thought the government d not

433
00:25:59,200 --> 00:26:01,320
Speaker 1: or the people who he's in the government right now,

434
00:26:01,560 --> 00:26:08,560
Speaker 1: being that analyze. Yesterday's protest comes just today after the U. S.

435
00:26:08,600 --> 00:26:11,600
Speaker 1: Supreme Court capt Title forty two in place. The court

436
00:26:11,600 --> 00:26:14,719
Speaker 1: agreed to hear an appeal from nineteen gop led states

437
00:26:14,720 --> 00:26:18,199
Speaker 1: over the Trump COVID era immigration policy that makes it

438
00:26:18,240 --> 00:26:22,360
Speaker 1: harder for migrants to claim asylum. Representative elect George Santos

439
00:26:22,400 --> 00:26:25,680
Speaker 1: of New York is under investigation by Long Island prosecutors

440
00:26:26,040 --> 00:26:28,760
Speaker 1: now in battle Republican amids. He lied about his Hera

441
00:26:28,840 --> 00:26:32,960
Speaker 1: Didge education and professional pedigree as a campaigned for Office.

442
00:26:33,520 --> 00:26:36,439
Speaker 1: Global News twenty four hours a day on air and

443
00:26:36,640 --> 00:26:40,680
Speaker 1: on Bloomberg Quicktake, powered by more than seven hundred journalists

444
00:26:40,680 --> 00:26:44,080
Speaker 1: and analysts more than one d twenty countries. Michael Barr

445
00:26:44,119 --> 00:26:49,240
Speaker 1: and this is Bloomberg, John, Michael, thank you as l

446
00:26:49,359 --> 00:26:52,600
Speaker 1: five very three of Wall Street time for the Bloomberg

447
00:26:52,640 --> 00:26:55,520
Speaker 1: Sports Report being runt you value try State out of Dealers,

448
00:26:55,960 --> 00:26:58,359
Speaker 1: and once again here's John stown Shower. Thanks John. The

449
00:26:58,440 --> 00:27:01,480
Speaker 1: Nets the first NBA team this season, the Real, off

450
00:27:01,520 --> 00:27:04,600
Speaker 1: ten consecutive wins. They held On in Atlanta one o eight,

451
00:27:04,600 --> 00:27:06,480
Speaker 1: one oh seven. The Hawks missed the game winning shot

452
00:27:06,520 --> 00:27:09,480
Speaker 1: at the entiree, irving twenty eight points Kevin Duran at

453
00:27:09,520 --> 00:27:12,560
Speaker 1: twenty six with sixteen rebounds. It's the next longest winning

454
00:27:12,560 --> 00:27:15,720
Speaker 1: streak since two thousand six. Nicks off that overtime loss

455
00:27:15,720 --> 00:27:18,959
Speaker 1: in Dallas played tonight in San Antonio. Rangers is at

456
00:27:18,960 --> 00:27:20,960
Speaker 1: Tampa Bay. The Devil's just lost at home to the

457
00:27:20,960 --> 00:27:24,400
Speaker 1: Bruins three to one. College of St. John's lost to Xavier.

458
00:27:24,560 --> 00:27:28,040
Speaker 1: Fordham beaten by Davidson, Yukon beat Villanova. The Husky's are

459
00:27:28,119 --> 00:27:30,880
Speaker 1: fourteen and oh They are ranked number two in the country.

460
00:27:31,200 --> 00:27:34,320
Speaker 1: Quarterback news Derek Carr benched by the Raiders. He's been

461
00:27:34,320 --> 00:27:37,520
Speaker 1: their starter for nine years, but he's throwing fourteen interceptions

462
00:27:37,520 --> 00:27:40,639
Speaker 1: this season. Jared Stidhom will replace him. This figures to

463
00:27:40,720 --> 00:27:43,920
Speaker 1: lead to Las Vegas moving car in the off season.

464
00:27:44,080 --> 00:27:46,840
Speaker 1: Jets could be looking for QB. Washington's going back to

465
00:27:46,920 --> 00:27:50,600
Speaker 1: Carson Wentz replacing Taylor Heineke. Wentz has and started since

466
00:27:50,640 --> 00:27:53,320
Speaker 1: Week six. Commanders are part of that battle for the

467
00:27:53,359 --> 00:27:57,440
Speaker 1: last two NFC wild card spots, Miami and New England

468
00:27:57,480 --> 00:27:59,399
Speaker 1: in it for one wild Card in the a f C.

469
00:27:59,520 --> 00:28:01,840
Speaker 1: They play Sunday and the Dolphins QB will be Teddy

470
00:28:01,880 --> 00:28:05,919
Speaker 1: Bridgewater to its down. Belowa has his second concussion of

471
00:28:06,000 --> 00:28:08,840
Speaker 1: the season. They'll play the Pinstripe Bowl at Yankee Stadium

472
00:28:08,840 --> 00:28:12,440
Speaker 1: this afternoon Syracuse against Minnesota. The Red Sox signed thirty

473
00:28:12,440 --> 00:28:15,440
Speaker 1: seven year old Corey Kloomber want tu Cy Young's with Cleveland,

474
00:28:15,480 --> 00:28:18,159
Speaker 1: spent this past season with Tampa Bay. Bloomberg through a

475
00:28:18,280 --> 00:28:21,720
Speaker 1: no hitter in for the Yankees. John Stash Howard Bloomberg

476
00:28:21,760 --> 00:28:24,040
Speaker 1: Sports John, all right, thanks for lunch on. The Bloomberg

477
00:28:24,040 --> 00:28:27,120
Speaker 1: Sports Report was brought to you by Audie. Don't let

478
00:28:27,160 --> 00:28:29,800
Speaker 1: somebody else drive off on the Audi model you've always wanted.

479
00:28:29,880 --> 00:28:32,480
Speaker 1: Visit your local Try State Audie dealer to get behind

480
00:28:32,520 --> 00:28:35,840
Speaker 1: the wheel of yours today, or visit Audie Offers dot

481
00:28:35,920 --> 00:28:39,160
Speaker 1: Com for more information. Green on the screen ahead of

482
00:28:39,160 --> 00:28:42,360
Speaker 1: the cash open down. Futures of thirty nine s and

483
00:28:42,440 --> 00:28:46,080
Speaker 1: P futures up twelve points. Right now the Nanazaki Minie

484
00:28:46,120 --> 00:28:49,600
Speaker 1: futures up sixty six points. You're listening to Bloomberg day

485
00:28:49,600 --> 00:28:53,720
Speaker 1: Break and it's now five thirty five on Wall Street.

486
00:28:53,720 --> 00:28:56,280
Speaker 1: Timed out for the Tri State Business Report. And with that,

487
00:28:56,920 --> 00:29:00,360
Speaker 1: good morning to Bloombergs Gina Servetti. Starting today, New York

488
00:29:00,400 --> 00:29:04,320
Speaker 1: State kicks off legal recreational marijuana sales, just ahead of

489
00:29:04,360 --> 00:29:07,960
Speaker 1: its goal of launching regulated taxt sales befour years, and

490
00:29:08,240 --> 00:29:11,040
Speaker 1: Housing Works in New York City based nonprofit that runs

491
00:29:11,080 --> 00:29:13,440
Speaker 1: a chain of thrift shops will launch sales at a

492
00:29:13,440 --> 00:29:17,120
Speaker 1: Manhattan dispensary at one astor Place. Long Island leads the

493
00:29:17,120 --> 00:29:20,120
Speaker 1: biggest drop in luxury home sales on record. Red Finn

494
00:29:20,200 --> 00:29:23,360
Speaker 1: says that year over year, luxury home sales in Nassau

495
00:29:23,480 --> 00:29:28,360
Speaker 1: County slump sixty six percent during the three months sending November. Nationally,

496
00:29:28,400 --> 00:29:31,560
Speaker 1: those sales fell thirty eight percent as higher mortgage rates

497
00:29:31,560 --> 00:29:34,720
Speaker 1: and a week stock market hurt demand for prime real estate. Still,

498
00:29:34,760 --> 00:29:37,760
Speaker 1: red Finn says they're early signs that demand could pick up.

499
00:29:37,800 --> 00:29:40,880
Speaker 1: And a Washington, d c. Area taco chain is expanding

500
00:29:40,920 --> 00:29:44,440
Speaker 1: into New Jersey. The Washington Business Journal reports that District

501
00:29:44,560 --> 00:29:48,080
Speaker 1: Taco has signed deals with franchise operators that will add

502
00:29:48,080 --> 00:29:52,160
Speaker 1: a total of sixty restaurants in several states, including New Jersey, Florida,

503
00:29:52,240 --> 00:29:55,440
Speaker 1: and North Carolina. That's the Bloomberg Hie State Business Report.

504
00:29:55,520 --> 00:29:58,720
Speaker 1: I'm Gina Servetti. All right, thanks Gina. Any It is

505
00:29:58,760 --> 00:30:02,880
Speaker 1: now five on Wall Street. The following is an editorial

506
00:30:03,000 --> 00:30:06,440
Speaker 1: from Bloomberg Opinion. This editorial was written by the Bloomberg

507
00:30:06,560 --> 00:30:10,880
Speaker 1: Editorial Board. To bring global emissions goals within reach, nuclear

508
00:30:10,920 --> 00:30:14,040
Speaker 1: power generation will need to roughly double by twenty fifty,

509
00:30:14,200 --> 00:30:18,680
Speaker 1: according to the International Energy Agency. Unfortunately, the world is

510
00:30:18,720 --> 00:30:22,320
Speaker 1: moving backward in key respects. Nuclear share of global energy

511
00:30:22,360 --> 00:30:26,480
Speaker 1: production declined to ten point one percent from seventeen point

512
00:30:26,480 --> 00:30:30,400
Speaker 1: five percent to In the US, about a dozen reactors

513
00:30:30,400 --> 00:30:33,680
Speaker 1: have shut since and more are on the chopping block.

514
00:30:34,120 --> 00:30:36,959
Speaker 1: Given the looming risks of climate change, these trends are

515
00:30:37,000 --> 00:30:40,960
Speaker 1: cause for alarm worldwide. Governments need to extend the lifetimes

516
00:30:40,960 --> 00:30:44,760
Speaker 1: of existing nuclear plants, work with industry to finance new ones,

517
00:30:45,080 --> 00:30:48,840
Speaker 1: and redouble efforts to promote nuclear innovation. The world can't

518
00:30:48,880 --> 00:30:52,920
Speaker 1: decarbonize without nuclear power, and time is running short. This

519
00:30:53,080 --> 00:30:56,160
Speaker 1: editorial was written by the Bloomberg Editorial Board. For more

520
00:30:56,200 --> 00:30:59,400
Speaker 1: Bloomberg opinion, please go to Bloomberg dot com, slash opinion

521
00:30:59,640 --> 00:31:02,520
Speaker 1: or the end go on the Bloomberg terminal. This has

522
00:31:02,560 --> 00:31:05,960
Speaker 1: been Bloomberg Opinion Man Bloomberg Opinion editorial is gonna be

523
00:31:06,040 --> 00:31:08,880
Speaker 1: heard every week day at this time terminal customers. You

524
00:31:08,920 --> 00:31:13,160
Speaker 1: can read more at O P I n Go. Another

525
00:31:13,200 --> 00:31:16,720
Speaker 1: story following brings us back to Elon Busk investors betting

526
00:31:16,840 --> 00:31:20,960
Speaker 1: against Tesla getting the big bonanza they've been waiting for.

527
00:31:21,320 --> 00:31:24,120
Speaker 1: That's as the electric vehicle maker is sent to record

528
00:31:24,160 --> 00:31:28,680
Speaker 1: its worst annual performance on record, the stock down sixty

529
00:31:28,720 --> 00:31:31,400
Speaker 1: eight percent of the year. These short sellers in the

530
00:31:31,400 --> 00:31:34,960
Speaker 1: company are poised to reprofits of about seventeen billion dollars.

531
00:31:35,600 --> 00:31:40,480
Speaker 1: That is making Tesla the most profitable short trade of

532
00:31:40,520 --> 00:31:43,520
Speaker 1: the year, and as we look right now in the

533
00:31:43,520 --> 00:31:47,440
Speaker 1: pre market, Tesla shares this morning three point eight percent.

534
00:31:47,760 --> 00:31:54,560
Speaker 1: You're listening to Bloomberg Daybreak live from the Bloomberg Interacted

535
00:31:54,640 --> 00:31:58,360
Speaker 1: Brooker Studios. This is Bloomberg Daybreak for Thursday, December twenty nine.

536
00:31:59,480 --> 00:32:02,720
Speaker 1: Coming up the shower, new restrictions on travelers from China

537
00:32:02,840 --> 00:32:06,040
Speaker 1: and for the country, scales back, COVID policies, Gullman ready

538
00:32:06,160 --> 00:32:08,160
Speaker 1: for a fresh round of layoffs in the new year.

539
00:32:08,400 --> 00:32:10,960
Speaker 1: Markets look for a Senate Class rally. It's a closed

540
00:32:11,400 --> 00:32:14,840
Speaker 1: twenty two and Russia rose up. Peace talks with Ukraine

541
00:32:15,160 --> 00:32:19,200
Speaker 1: prosecutors are investigating New York Congressman elect Santos after false

542
00:32:19,200 --> 00:32:22,840
Speaker 1: claims about this background. Plus the dig out continues in Buffalo.

543
00:32:23,120 --> 00:32:26,200
Speaker 1: I'm Michael Blarer. More ahead, I'm John Stash Howard Sports.

544
00:32:26,200 --> 00:32:28,200
Speaker 1: Make it ten straight for the net at one point

545
00:32:28,240 --> 00:32:30,680
Speaker 1: when Atlanta the Devil's lost to the Bruins, a big

546
00:32:30,760 --> 00:32:36,000
Speaker 1: East loss for st. John. That's all's trading ahead on

547
00:32:36,120 --> 00:32:41,760
Speaker 1: Bloomberg Daybreak on Bloomberg eleve In, Freeo, New York, Bloomberg one, Washington,

548
00:32:41,880 --> 00:32:45,920
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixty,

549
00:32:46,000 --> 00:32:49,880
Speaker 1: San Francisco, Syrius XM one nine team, and around the

550
00:32:49,920 --> 00:32:53,240
Speaker 1: world on Bloomberg Radio dot Com and by the Bloomberg

551
00:32:53,280 --> 00:32:59,680
Speaker 1: Business app. And good morning. I'm John Tucker and I'm

552
00:32:59,720 --> 00:33:02,200
Speaker 1: Kara Moscow and US dot in Next Futures around the

553
00:33:02,280 --> 00:33:04,280
Speaker 1: rise this morning. We check the markets all day long

554
00:33:04,400 --> 00:33:07,320
Speaker 1: here at Bloomberg, Guess and P futures are ut fourteen points,

555
00:33:07,400 --> 00:33:09,440
Speaker 1: or about a third of a Percental Future is up

556
00:33:09,480 --> 00:33:12,040
Speaker 1: to tens of upper cent or sixty two points, and

557
00:33:12,120 --> 00:33:14,880
Speaker 1: Aztec Future is up six tens of uppercent or sixty

558
00:33:14,920 --> 00:33:18,600
Speaker 1: six points. John and Karen, let's begin with new travel

559
00:33:18,640 --> 00:33:22,200
Speaker 1: restrictions targeting China as COVID cases climb of the country.

560
00:33:22,320 --> 00:33:25,480
Speaker 1: The US plans to require COVID testing for travelers coming

561
00:33:25,560 --> 00:33:29,840
Speaker 1: from China. Bloomberg's Ed Baxter has details this morning. The

562
00:33:29,920 --> 00:33:33,080
Speaker 1: concern comes as cases spiral upward in China and with

563
00:33:33,160 --> 00:33:37,520
Speaker 1: China not releasing data, the U s as transparency has disappeared.

564
00:33:37,840 --> 00:33:40,600
Speaker 1: Health officials say they are concerned about the emergence of

565
00:33:40,640 --> 00:33:44,120
Speaker 1: new variants, which tend to thrive with so many new cases.

566
00:33:44,360 --> 00:33:47,400
Speaker 1: The US announcement came after news reports of two flights

567
00:33:47,440 --> 00:33:50,600
Speaker 1: from China into Milan, Italy, where more than half the

568
00:33:50,640 --> 00:33:54,920
Speaker 1: passengers tested positive. The passengers will be required to test

569
00:33:54,920 --> 00:33:58,080
Speaker 1: two days before making their flight. The requirement goes into

570
00:33:58,080 --> 00:34:02,200
Speaker 1: effect January five. In San Francisco. I'm at Baxter Bloomberg

571
00:34:02,240 --> 00:34:04,120
Speaker 1: day break. All right, and thank you well. We have

572
00:34:04,200 --> 00:34:07,120
Speaker 1: news on the war in Ukraine. This morning. Russian Foreign

573
00:34:07,120 --> 00:34:10,600
Speaker 1: Minister Sergey love Rob says Moscow will not enter into

574
00:34:10,640 --> 00:34:14,160
Speaker 1: negotiations to end the war. The hardline stance comes as

575
00:34:14,200 --> 00:34:17,360
Speaker 1: Russia launched another missile barrage on major cities in Ukraine.

576
00:34:17,600 --> 00:34:20,880
Speaker 1: Former Defense Secretary Mark Esper tells US Moscow is digging

577
00:34:20,880 --> 00:34:23,279
Speaker 1: in for the long haul boot and strategies to wait

578
00:34:23,400 --> 00:34:25,759
Speaker 1: us out. I mean, that's why he is hammering uh

579
00:34:26,160 --> 00:34:31,160
Speaker 1: Ukrainian cities, infrastructure, energy resources with ballistic missiles and drones.

580
00:34:31,239 --> 00:34:33,600
Speaker 1: He wants to break the backbreak the will of the

581
00:34:33,680 --> 00:34:36,480
Speaker 1: Ukrainian people. We now see he's putting a barbo if

582
00:34:36,520 --> 00:34:38,840
Speaker 1: you will, on countries that put a price cap on oil.

583
00:34:39,120 --> 00:34:41,040
Speaker 1: He wants to freeze them out, frees us out a

584
00:34:41,040 --> 00:34:43,680
Speaker 1: little bit. Also, he is playing for Todd, thinking that

585
00:34:43,800 --> 00:34:46,799
Speaker 1: we will wobble, we will weaken. Former Defense Secretary Mark

586
00:34:46,960 --> 00:34:50,240
Speaker 1: Esper spoke with David Weston on Bloomberg's Balance of Power.

587
00:34:50,360 --> 00:34:53,480
Speaker 1: Catch the show weekdays in noon on Bloomberg Radio and Television.

588
00:34:53,840 --> 00:34:56,239
Speaker 1: Let's turn to Wall Street Now carrying another sign of

589
00:34:56,280 --> 00:34:59,520
Speaker 1: maybe an economic slowdown, Golden Sacks working on a fresh

590
00:35:00,000 --> 00:35:03,759
Speaker 1: out of staff cuts. Bloomberg's Charlie Pellet reports they're likely

591
00:35:03,800 --> 00:35:06,960
Speaker 1: to come in a matter of weeks. That word from

592
00:35:07,040 --> 00:35:11,360
Speaker 1: CEO David Solomon in his traditional year end message to staff,

593
00:35:11,440 --> 00:35:15,440
Speaker 1: Solomon said quote, we are conducting a careful review, and

594
00:35:15,440 --> 00:35:19,160
Speaker 1: while discussions are still ongoing, we anticipate our head count

595
00:35:19,200 --> 00:35:22,520
Speaker 1: production will take place in the first half of January.

596
00:35:22,840 --> 00:35:25,960
Speaker 1: He says there are a variety of factors impacting the

597
00:35:25,960 --> 00:35:30,680
Speaker 1: business landscape, including tightening monetary conditions that are slowing down

598
00:35:30,719 --> 00:35:34,399
Speaker 1: economic activity. Earlier this month's sources said the firm may

599
00:35:34,400 --> 00:35:37,000
Speaker 1: seek to eliminate as much as eight percent of its

600
00:35:37,000 --> 00:35:40,880
Speaker 1: workforce or up to four thousand jobs, to contain a

601
00:35:40,960 --> 00:35:44,800
Speaker 1: slump in profit and revenue. In New York, Charlie Pellet

602
00:35:44,800 --> 00:35:47,680
Speaker 1: Bloomberg Daybreak, All right, Charlie, thank well to markets now.

603
00:35:47,840 --> 00:35:51,320
Speaker 1: US futures are higher following two days of losses. Concerns

604
00:35:51,360 --> 00:35:54,440
Speaker 1: are surfacing over the end of China's COVID zero policies,

605
00:35:54,600 --> 00:35:57,760
Speaker 1: but Jonathan Gollub, head of US equity strategy at Credit Suite,

606
00:35:57,760 --> 00:36:00,680
Speaker 1: sees positive signs for the new year. The market is

607
00:36:00,840 --> 00:36:03,280
Speaker 1: of the belief that no matter what the FED says,

608
00:36:03,320 --> 00:36:06,280
Speaker 1: the likelihood is that the FED is going to ultimately

609
00:36:06,320 --> 00:36:10,000
Speaker 1: get closer to their inflation target. And that's a positive.

610
00:36:10,000 --> 00:36:13,040
Speaker 1: And that's that the market is ultimately fixated on. And

611
00:36:13,080 --> 00:36:15,400
Speaker 1: I think that's why stocks are going to do pretty

612
00:36:15,440 --> 00:36:18,840
Speaker 1: pretty well over the next several months. Jonathan Gala with

613
00:36:18,880 --> 00:36:22,440
Speaker 1: Credit suits is as steady wages can provide some stability

614
00:36:22,440 --> 00:36:26,759
Speaker 1: in overseas. Stocks in Asia dropped overnight. Let's get the

615
00:36:26,800 --> 00:36:30,160
Speaker 1: recap now from Bloomberg Daybreak Asia anchor Brian Curtis. In

616
00:36:30,239 --> 00:36:33,520
Speaker 1: Hong Kong, stocks in Asia tumbled on new concerns that

617
00:36:33,640 --> 00:36:37,200
Speaker 1: China's reopening would spread COVID cases around the world. There

618
00:36:37,200 --> 00:36:40,000
Speaker 1: may be a day that investors embraced the reopening, but

619
00:36:40,120 --> 00:36:44,320
Speaker 1: today was not that day. Equity benchmarks in Japan, Hong Kong, Australia,

620
00:36:44,360 --> 00:36:48,120
Speaker 1: and South Korea all falling around one percent. Australia and

621
00:36:48,160 --> 00:36:51,840
Speaker 1: Tenua government bond yields rose, the Donna was weaker, and

622
00:36:51,880 --> 00:36:55,040
Speaker 1: the yen put on games in Hong Kong. Brian Curtis,

623
00:36:55,120 --> 00:36:57,600
Speaker 1: Bloomberg Daybreak. All right, Brian, thank you all. But also

624
00:36:57,640 --> 00:36:59,720
Speaker 1: have news out of the Bank of Japan this morning

625
00:36:59,719 --> 00:37:02,440
Speaker 1: to be o J announcing two additional rounds of unscheduled

626
00:37:02,480 --> 00:37:06,120
Speaker 1: bond purchase operations. The move fights back against traders betting

627
00:37:06,120 --> 00:37:08,520
Speaker 1: the b o J will further relax its yield curve

628
00:37:08,600 --> 00:37:11,640
Speaker 1: control policy and taking a look at the end. Right now,

629
00:37:11,680 --> 00:37:14,080
Speaker 1: it is higher against the dollar at one thirty three

630
00:37:14,160 --> 00:37:17,400
Speaker 1: point six five against the dollar. And meanwhile oil tunneling

631
00:37:17,400 --> 00:37:19,560
Speaker 1: this morning it's being tied to concerns of our COVID

632
00:37:19,600 --> 00:37:23,480
Speaker 1: cases surging in China. Taking a look at Branton International

633
00:37:23,520 --> 00:37:29,720
Speaker 1: Benchmark down one barrel, Well John, Turmoil and the travel

634
00:37:29,760 --> 00:37:33,560
Speaker 1: industry continues again this morning. The meltdown that stranded thousands

635
00:37:33,560 --> 00:37:37,000
Speaker 1: of passengers shows no signs of slowing as Southwest Airlines

636
00:37:37,120 --> 00:37:41,080
Speaker 1: continues canceling flights. Bloomberg Steve Rappaport joins us live at

637
00:37:41,080 --> 00:37:43,760
Speaker 1: the latest. Steve, good morning, Good morning, Karen and John.

638
00:37:43,760 --> 00:37:48,000
Speaker 1: As Southwest grounds more than twenty additional flights today, analysts

639
00:37:48,000 --> 00:37:50,840
Speaker 1: and unions say the travel nightmare could have been prevented.

640
00:37:51,000 --> 00:37:53,560
Speaker 1: They warn't for years the carrier was playing a dangerous

641
00:37:53,640 --> 00:37:56,880
Speaker 1: game by not investing in new technology. Those prophecies proved

642
00:37:56,880 --> 00:37:59,520
Speaker 1: a disaster for Southwest as it struggles to recover from

643
00:37:59,600 --> 00:38:02,479
Speaker 1: last week storm. Rival airlines are mostly back to normal

644
00:38:02,480 --> 00:38:05,160
Speaker 1: schedules at the White House. Wants to know why Southwest

645
00:38:05,200 --> 00:38:07,160
Speaker 1: can't pick up the pace Live in New York Time,

646
00:38:07,160 --> 00:38:10,239
Speaker 1: Steve Rapp Report, Bloomberg Day Break. Steve, Thanks, and we

647
00:38:10,320 --> 00:38:11,920
Speaker 1: have a couple of notes this morning on the elon

648
00:38:11,960 --> 00:38:14,960
Speaker 1: bust of this. Companies start with Twitter, which has restored

649
00:38:15,040 --> 00:38:19,200
Speaker 1: services hours and thousands of users reporting glitches. More than

650
00:38:19,320 --> 00:38:22,280
Speaker 1: nine thousand users from San Francisco to Hong Kong reported

651
00:38:22,320 --> 00:38:27,680
Speaker 1: problems accessing the service, and Elon Musk is telling Tesla

652
00:38:27,760 --> 00:38:31,640
Speaker 1: employees to ignore stock market crazinesses. Comments come as analysts

653
00:38:31,640 --> 00:38:34,680
Speaker 1: turn bullish on the stock. Morgan Stanley this morning says

654
00:38:34,719 --> 00:38:37,759
Speaker 1: de rating the company's stock has created a buying opportunity.

655
00:38:38,080 --> 00:38:40,160
Speaker 1: Shares her down sixty eight percent on the year, but

656
00:38:40,239 --> 00:38:42,320
Speaker 1: this morning they're higher, up three and a half percent

657
00:38:42,800 --> 00:38:46,240
Speaker 1: in early trading. And straight ahead your latest local headlines

658
00:38:46,280 --> 00:38:53,879
Speaker 1: plus a check of sports, and this is Bloomberg. Thanks Karen.

659
00:38:53,960 --> 00:38:56,600
Speaker 1: That brings us to five oh seven, time for look

660
00:38:56,680 --> 00:38:59,120
Speaker 1: at some of the stories making news in New York

661
00:38:59,120 --> 00:39:01,359
Speaker 1: and around the world, and with app were joined by

662
00:39:01,480 --> 00:39:04,960
Speaker 1: Bloomberg's Michael Barr Michael, good Morning, Good morning. John. Buffalo

663
00:39:05,040 --> 00:39:08,040
Speaker 1: lifted a travel ban just after midnight. It was put

664
00:39:08,080 --> 00:39:10,640
Speaker 1: in place in the aftermath of the Christmas weekend blizzard

665
00:39:10,680 --> 00:39:13,000
Speaker 1: that left the city buried under more than four feet

666
00:39:13,040 --> 00:39:16,759
Speaker 1: of snow. They are Byron Brown. Conditions are such that

667
00:39:17,120 --> 00:39:21,680
Speaker 1: the driving band can be lifted. We're going to keep

668
00:39:21,760 --> 00:39:25,960
Speaker 1: a travel advisory in place because there will still be

669
00:39:26,040 --> 00:39:30,759
Speaker 1: heavy equipment doing work. Dozens of Buffalo area residents dined

670
00:39:30,800 --> 00:39:34,600
Speaker 1: in the storm. New York Congressman elect George Santos, under

671
00:39:34,640 --> 00:39:38,120
Speaker 1: increasing scrutiny. Prosecutors at the federal and state levels are

672
00:39:38,160 --> 00:39:41,160
Speaker 1: taking a closer look at the Republican. His lies about

673
00:39:41,160 --> 00:39:44,080
Speaker 1: his past have reportedly led to a federal probe into

674
00:39:44,120 --> 00:39:47,720
Speaker 1: his finances, with the questions now surfacing about seven hundred

675
00:39:47,760 --> 00:39:51,000
Speaker 1: thousand dollars used to fund his campaign. The prosecutor in

676
00:39:51,080 --> 00:39:56,480
Speaker 1: Nassau County says she is looking into numerous fabrications and inconsistencies.

677
00:39:56,920 --> 00:40:00,759
Speaker 1: Nearly two years after New York legalized recreational arijuana, New

678
00:40:00,840 --> 00:40:04,200
Speaker 1: York City's first dispensary so op against doors to the

679
00:40:04,239 --> 00:40:07,880
Speaker 1: public today. The Housing Works Cannabis Company in Lower Manhattan

680
00:40:08,239 --> 00:40:12,200
Speaker 1: is a nonprofit that supports the homeless. Attorney Michael Bass says,

681
00:40:12,239 --> 00:40:15,000
Speaker 1: to be aware of certain restrictions under the new laws.

682
00:40:15,400 --> 00:40:18,560
Speaker 1: It was gonna be very long lives, and my concern

683
00:40:18,719 --> 00:40:22,799
Speaker 1: is people may lose patients in these lines and just

684
00:40:22,840 --> 00:40:26,440
Speaker 1: go over to New Jersey to buy cannabis products and

685
00:40:26,600 --> 00:40:29,279
Speaker 1: three of back to New York. Well, if you do that,

686
00:40:29,360 --> 00:40:33,759
Speaker 1: you've committed a federal cry trafficking. The cannabis across state lives,

687
00:40:33,800 --> 00:40:37,240
Speaker 1: so I urged folks, please don't do that. Attorney Bass

688
00:40:37,280 --> 00:40:40,520
Speaker 1: also says there are limitations in terms of Graham's announces

689
00:40:40,560 --> 00:40:43,160
Speaker 1: to what you can purchase in New York. The fall

690
00:40:43,200 --> 00:40:45,959
Speaker 1: out continues over the crisis at the southern border. After

691
00:40:46,000 --> 00:40:48,480
Speaker 1: the Supreme Court let Title forty two stay in place

692
00:40:48,520 --> 00:40:51,640
Speaker 1: for now, people in el passold taxes are protesting the

693
00:40:51,640 --> 00:40:55,320
Speaker 1: extension of Title forty two. The pandemic Era policy allows

694
00:40:55,360 --> 00:40:58,200
Speaker 1: the US to expel migrants back across the border without

695
00:40:58,320 --> 00:41:02,920
Speaker 1: an asylum hearing. I buy twenty twenty two ahead of

696
00:41:02,960 --> 00:41:06,680
Speaker 1: the Big Ball Drop Year's Eve, Good Written's Day was

697
00:41:06,760 --> 00:41:09,880
Speaker 1: held in Times Square. Visitors could write down what they

698
00:41:09,920 --> 00:41:12,000
Speaker 1: want to leave in the past. This man is a

699
00:41:12,000 --> 00:41:16,600
Speaker 1: cancer survivor. I find notes in January this year and

700
00:41:16,920 --> 00:41:21,279
Speaker 1: went through chemo radiation surgery and many others retired of

701
00:41:21,400 --> 00:41:24,200
Speaker 1: COVID Global News twenty four hours a day on air,

702
00:41:24,280 --> 00:41:26,720
Speaker 1: end on Bloomberg Quick Take, powered by more than twenty

703
00:41:26,760 --> 00:41:29,680
Speaker 1: seven hundred journalist and antalist more than a hundred twenty countries.

704
00:41:30,040 --> 00:41:33,200
Speaker 1: Michael Barr, this is Bloomberg, John, here's my list. Michael,

705
00:41:33,239 --> 00:41:40,280
Speaker 1: thank you. Yeah. The princes five Town of Wall Spreet

706
00:41:40,360 --> 00:41:42,960
Speaker 1: signed out for the Bloomberg Sports repeat a report being

707
00:41:43,000 --> 00:41:45,040
Speaker 1: by by your trying to state out of you the others.

708
00:41:45,280 --> 00:41:48,240
Speaker 1: Good morning, John Stashower, Good morning John, nets and Hawks

709
00:41:48,440 --> 00:41:51,520
Speaker 1: in Atlanta, Hawks without three injured starters, nets right in

710
00:41:51,600 --> 00:41:54,839
Speaker 1: a long morning speak. They had a double digitallyed Hawks rally.

711
00:41:54,920 --> 00:41:58,080
Speaker 1: The game was tied late a minute five ago. The

712
00:41:58,160 --> 00:42:05,919
Speaker 1: game four ran up top left stop to the time

713
00:42:06,040 --> 00:42:11,680
Speaker 1: heait awayd for t DH six four Brooklyn w f A.

714
00:42:11,760 --> 00:42:13,600
Speaker 1: And that's made it ten wins in our own. It's

715
00:42:13,640 --> 00:42:16,759
Speaker 1: their longest winning streaking sixteen years, one oh eight, one

716
00:42:16,840 --> 00:42:19,560
Speaker 1: oh seven. Kyrie Irving twenty eight points fifteen of those

717
00:42:19,600 --> 00:42:22,600
Speaker 1: game of the fourth quarter for Kevina and twenty six points,

718
00:42:22,680 --> 00:42:26,719
Speaker 1: sixteen rebounds, eight assists, Nets Place Saturday at Charlotte. Knicks

719
00:42:26,760 --> 00:42:29,640
Speaker 1: played tonight in San Antonio. Since that seven game winning street,

720
00:42:29,680 --> 00:42:32,320
Speaker 1: the Knicks have lost their last four. Devils beating the

721
00:42:32,360 --> 00:42:34,800
Speaker 1: Newark by the NHL leading Bruins three to one. The

722
00:42:34,880 --> 00:42:37,640
Speaker 1: Rangers visit Tampa Bay tonight. The Islanders at home for

723
00:42:37,800 --> 00:42:40,879
Speaker 1: Columbus St. John's hosted Xavier, trailed by eleven and a half.

724
00:42:40,920 --> 00:42:44,280
Speaker 1: The Red Storm lost eight four seventy nine now eleven

725
00:42:44,360 --> 00:42:46,719
Speaker 1: and three, one and two in the Big East Ford

726
00:42:46,760 --> 00:42:48,520
Speaker 1: them off to a twelve and one star for the

727
00:42:48,600 --> 00:42:51,000
Speaker 1: Rams lost the Atlantic ten opener at Rose Hilt to

728
00:42:51,120 --> 00:42:54,239
Speaker 1: Davidson fifty seven to forty three. Four them scored only

729
00:42:54,320 --> 00:42:56,960
Speaker 1: fourteen points in the first half. There's college football in

730
00:42:57,080 --> 00:43:00,800
Speaker 1: New York this afternoon, Syracuse and Minnesota the Pence Strike

731
00:43:00,840 --> 00:43:03,520
Speaker 1: Bowl at Yankee Stadium. Last night's Liberty Bowl in Memphis

732
00:43:03,600 --> 00:43:08,040
Speaker 1: went triple overtime after Kansas rallied from down, but Arkansas

733
00:43:08,200 --> 00:43:13,320
Speaker 1: one fifty three. The National semifinals or Saturday Michigan against

734
00:43:13,320 --> 00:43:15,759
Speaker 1: TCU and Phoenix, George. You're looking to win back to

735
00:43:15,800 --> 00:43:19,200
Speaker 1: back championships, taking on Ohio State in Atlanta. The winners

736
00:43:19,239 --> 00:43:22,920
Speaker 1: then played January nine in l A. John Stashower, Bloomberg

737
00:43:22,920 --> 00:43:26,160
Speaker 1: Sports John John, thanks very much appreciated. Bloomberg Sports Report

738
00:43:26,239 --> 00:43:28,600
Speaker 1: being brought to you by Audie. Don't let somebody else

739
00:43:28,680 --> 00:43:31,479
Speaker 1: drives off in the Audi model you've always wanted. Visit

740
00:43:31,520 --> 00:43:33,560
Speaker 1: your local trend state Audie the Other to get behind

741
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Speaker 1: the wheel of viewers today, or visit audi Offers dot

742
00:43:36,440 --> 00:43:40,000
Speaker 1: com for more information. Out of the cash open on

743
00:43:40,160 --> 00:43:42,840
Speaker 1: Wall Street We have futures right now. They are in

744
00:43:43,000 --> 00:43:46,040
Speaker 1: the green. The down futures of forty two points smp

745
00:43:46,200 --> 00:43:53,600
Speaker 1: emand futures up eleven. This is Bloomberg Daybreak live from

746
00:43:53,760 --> 00:43:57,000
Speaker 1: coast to coast, from New York to San Francisco, Austin

747
00:43:57,080 --> 00:44:01,000
Speaker 1: to Washington, d C. Nationwide on Sirius. Example, the Bloomberg

748
00:44:01,080 --> 00:44:05,880
Speaker 1: business appened Bloomberg dot com. This is Bloomberg Daybreak and

749
00:44:06,080 --> 00:44:08,440
Speaker 1: good morning on John Tucker. Concerns about the spread of

750
00:44:08,520 --> 00:44:11,480
Speaker 1: COVID nineteen from China that weekend, some of the risk

751
00:44:11,560 --> 00:44:14,640
Speaker 1: appetites and one of the final trading days of the year,

752
00:44:14,960 --> 00:44:19,759
Speaker 1: yesterday's session, the sp almost one percent. So let's get

753
00:44:19,800 --> 00:44:21,880
Speaker 1: you set up of the trading day ahead today. And

754
00:44:22,040 --> 00:44:24,440
Speaker 1: we're joined by Ivy Jack, the co c i O

755
00:44:25,080 --> 00:44:30,000
Speaker 1: at north Star Asset Management joining us this morning. Ivy

756
00:44:30,080 --> 00:44:32,800
Speaker 1: with the COVID risk and markets again, you have a

757
00:44:32,920 --> 00:44:37,680
Speaker 1: sense of oh no, here we go again. UM. I

758
00:44:37,719 --> 00:44:40,200
Speaker 1: don't know if I have a sense of oh no,

759
00:44:40,400 --> 00:44:42,800
Speaker 1: here we go again. I think this is something that

760
00:44:42,960 --> 00:44:47,759
Speaker 1: at least um the north Star we've been anticipating could

761
00:44:47,840 --> 00:44:50,880
Speaker 1: be possible. I mean, really, the conditions for COVID are

762
00:44:51,000 --> 00:44:54,719
Speaker 1: still present. Um, when you think about the fact that

763
00:44:55,680 --> 00:44:59,200
Speaker 1: we are impeding on nature, coming in contact with more

764
00:44:59,400 --> 00:45:03,160
Speaker 1: of nature and more of animals, it's not surprising um

765
00:45:04,000 --> 00:45:06,840
Speaker 1: that you know, we could perhaps even see another pandemic

766
00:45:06,920 --> 00:45:11,120
Speaker 1: in the very near term. So again, no, we're not surprised, UM.

767
00:45:11,239 --> 00:45:13,680
Speaker 1: I know we like to think the pandemic is behind us,

768
00:45:13,719 --> 00:45:16,800
Speaker 1: but it's still very much with us. What if anything

769
00:45:17,000 --> 00:45:21,360
Speaker 1: can you pick up from the ashes of and risk assets?

770
00:45:23,239 --> 00:45:29,000
Speaker 1: What can we pick up, um? I would say that

771
00:45:29,560 --> 00:45:33,120
Speaker 1: there's going to be continued uncertainty and volatility. I think

772
00:45:33,960 --> 00:45:38,000
Speaker 1: two has been a challenging year, and therefore I have heard,

773
00:45:38,320 --> 00:45:42,600
Speaker 1: um some comments that you know, on the margins could

774
00:45:42,680 --> 00:45:47,239
Speaker 1: get better as the said, you know, starts stepping down,

775
00:45:47,480 --> 00:45:50,200
Speaker 1: the amount of rate increases, and I've heard people talk

776
00:45:50,239 --> 00:45:53,200
Speaker 1: about perhaps that there is going to be you know,

777
00:45:54,040 --> 00:45:57,440
Speaker 1: the possibility to the fact might actually reduce rates. So

778
00:45:58,400 --> 00:46:03,040
Speaker 1: I would say for us, we're not optimistic about next year. UM.

779
00:46:03,440 --> 00:46:06,520
Speaker 1: In fact, you know, I would say we're expecting more

780
00:46:06,680 --> 00:46:11,000
Speaker 1: of I don't know that I see any you know,

781
00:46:11,400 --> 00:46:15,160
Speaker 1: any nuggets that could be helpful in terms of interpreting

782
00:46:15,200 --> 00:46:18,719
Speaker 1: what could happen in You mentioned the FED one of

783
00:46:18,840 --> 00:46:21,280
Speaker 1: some of the factors that might go into a pivot.

784
00:46:21,360 --> 00:46:24,520
Speaker 1: Sounds like you're not a board with that. And just

785
00:46:25,280 --> 00:46:28,200
Speaker 1: to what extent do they have to torpedo maybe the

786
00:46:28,360 --> 00:46:34,319
Speaker 1: labor market in the US before moving ahead? Yes, John,

787
00:46:34,719 --> 00:46:37,319
Speaker 1: I will tell you, Look, I am not an economists,

788
00:46:37,640 --> 00:46:41,719
Speaker 1: but what I can say is, you know, I think

789
00:46:41,880 --> 00:46:46,040
Speaker 1: it would be UM not wise for someone um to

790
00:46:46,239 --> 00:46:48,440
Speaker 1: look at what the FED is doing right now and

791
00:46:48,640 --> 00:46:51,560
Speaker 1: saying that, you know, they possibly could step off the

792
00:46:51,640 --> 00:46:56,520
Speaker 1: gas next year. UM. I would tell you that I

793
00:46:56,640 --> 00:46:58,600
Speaker 1: think next year is going to be challenging because the

794
00:46:58,680 --> 00:47:01,759
Speaker 1: labor market is strong, and I think the SAID has

795
00:47:01,880 --> 00:47:05,120
Speaker 1: made it quite clear that they plan on fighting inflation

796
00:47:05,320 --> 00:47:08,480
Speaker 1: with all that they have, and so, you know, therefore,

797
00:47:09,600 --> 00:47:14,440
Speaker 1: going into tree again, we're not optimistic. And then you know,

798
00:47:14,600 --> 00:47:17,680
Speaker 1: as you you mentioned when we started the conversation, there's

799
00:47:17,760 --> 00:47:21,080
Speaker 1: so many other factors at play, including China, whether or

800
00:47:21,080 --> 00:47:24,960
Speaker 1: not China can open um. You know how Europe deals

801
00:47:25,000 --> 00:47:28,319
Speaker 1: with energy prices given the Ukraine Russian War, There's still

802
00:47:28,440 --> 00:47:31,160
Speaker 1: so many variables that we just don't know about that

803
00:47:31,280 --> 00:47:36,239
Speaker 1: could lead to another really really challenging year. Is it

804
00:47:36,400 --> 00:47:40,440
Speaker 1: a year to stay away from risk assets? Do you

805
00:47:40,560 --> 00:47:44,319
Speaker 1: have to be more selective. Yes, so I would tell

806
00:47:44,360 --> 00:47:47,279
Speaker 1: you that we're focusing on quality assets. Um. You know,

807
00:47:47,400 --> 00:47:51,640
Speaker 1: we're looking for socks and investments that have good management teams,

808
00:47:52,080 --> 00:47:57,200
Speaker 1: consistent earnings, strong near term cash flow. Um. So yes,

809
00:47:57,480 --> 00:48:02,000
Speaker 1: you are right going into we are maintaining a defensive posture.

810
00:48:02,600 --> 00:48:04,960
Speaker 1: And as far as those quality ansets, do you have

811
00:48:05,120 --> 00:48:09,640
Speaker 1: specific names? Oh? And also what about bonds? Bonds? Oh?

812
00:48:09,880 --> 00:48:13,040
Speaker 1: Of course, Um, this is probably one of the best

813
00:48:13,120 --> 00:48:16,399
Speaker 1: opportunities we've seen in you know, a very very long time.

814
00:48:16,520 --> 00:48:19,239
Speaker 1: So um, in terms of bonds, to the extent that

815
00:48:19,480 --> 00:48:22,400
Speaker 1: we can go out and acquire longer duration assets, that

816
00:48:22,480 --> 00:48:26,879
Speaker 1: would be great. Um. So we don't I wouldn't say

817
00:48:26,880 --> 00:48:30,040
Speaker 1: we had any specific names per se, but within specific

818
00:48:30,200 --> 00:48:33,719
Speaker 1: you know, within specific sectors. Um, we are certainly looking

819
00:48:33,800 --> 00:48:36,479
Speaker 1: for the higher quality assets that have strong cash flow.

820
00:48:36,840 --> 00:48:38,760
Speaker 1: All right, it's time to put you on the spot.

821
00:48:38,960 --> 00:48:43,399
Speaker 1: By the year ran for s and five hundred call

822
00:48:43,840 --> 00:48:46,279
Speaker 1: and maybe with the we'll take the tenure. What what

823
00:48:46,360 --> 00:48:50,000
Speaker 1: do you see the where they see the yield headed there? Oh?

824
00:48:50,840 --> 00:48:53,080
Speaker 1: I mean you know, if I knew, I don't think

825
00:48:53,080 --> 00:49:00,640
Speaker 1: i'd be on the phone with you right now. So no, so, um, yeah,

826
00:49:00,760 --> 00:49:02,879
Speaker 1: I mean I think we're going to deal a little

827
00:49:02,880 --> 00:49:05,440
Speaker 1: bit higher than where we are right now, um, you know,

828
00:49:05,560 --> 00:49:08,600
Speaker 1: the high three eyes to four percent UM. I think

829
00:49:08,640 --> 00:49:10,680
Speaker 1: in terms of the equity market, you know, I think

830
00:49:10,719 --> 00:49:13,080
Speaker 1: we're probably gonna stay steady. I think, you know, we're

831
00:49:13,080 --> 00:49:14,879
Speaker 1: going to end the year in the same place. We're

832
00:49:14,880 --> 00:49:17,840
Speaker 1: probably going to end the year UM in two you know,

833
00:49:18,040 --> 00:49:21,880
Speaker 1: around uh thirty nine hundred four thousand. All right, I

834
00:49:22,000 --> 00:49:24,120
Speaker 1: think a pleasure appreciate it. I new Jack co c,

835
00:49:24,400 --> 00:49:28,200
Speaker 1: i O at north Star Asset Management, joining is this morning,

836
00:49:28,640 --> 00:49:31,399
Speaker 1: and that brings us to five eighteen Wallster. He's still

837
00:49:31,400 --> 00:49:33,440
Speaker 1: a hand on Bloomberg day Break. We're gonna check the markets,

838
00:49:33,480 --> 00:49:36,840
Speaker 1: bring you the latest news and business economics and finance.

839
00:49:37,120 --> 00:49:40,839
Speaker 1: I'm John Tucker. This is Bloomberg. Dal futures forty four

840
00:49:40,880 --> 00:49:44,200
Speaker 1: points higher, smp emity futures. They were up twelve points

841
00:49:44,280 --> 00:49:48,080
Speaker 1: the Nastack futures of sixty three. This is daybreak