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Speaker 1: Live from the Bloomberg in director Berger Studios. This is is

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Speaker 1: Bloomberg Daybreak for Thursday, February seventeen two. Coming up this hour,

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Speaker 1: Russia denies claims it's adding troops near the Ukrainian border.

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Speaker 1: Calls grow for a fifty point rate hike by the

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Speaker 1: Fed next month. Walmart leads today's earnings parade on Wall

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Speaker 1: Street and the Wall Street pay Gapple widens in the

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Speaker 1: wake of the pandemic, and your Adams says it's time

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Speaker 1: for workers to get back to the office. The major

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Speaker 1: winter storm headed this way. I'm John Tucker. Those stories

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Speaker 1: straight ahead. I'm John Statown sports and epic comeback by

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Speaker 1: the nets to stud the Knicks, and Canada beat the

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Speaker 1: US for the women's hockey gold medal. That's all straight

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Speaker 1: ahead on Bloomberg day Break on Bloomberg eleven, Trio, New York, Bloomberge, Washington,

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Speaker 1: d C, Bloomberg one O six one, Boston, Bloomberg nine sixties,

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Speaker 1: San Francisco, Sirius x M one nine Team and around

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Speaker 1: the world down Bloomberg Radio dot Com and via the

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Speaker 1: Bloomberg Business That good morning. I'm Nathan Hagar, and I'm

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Speaker 1: Karen Moscow and US Dock Index futures are lower to

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Speaker 1: start the day, coming up to six o one on

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Speaker 1: Wall Street, and we check the markets every fifteen minutes

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Speaker 1: throughout the trading day. On bloomberg SMP futures down twenty

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Speaker 1: two points down, futures down on three NAS day futures

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Speaker 1: down ninety two a ten year treasury up eight thirties seconds,

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Speaker 1: YELD two point one percent, yield on the two year

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Speaker 1: one point for eight percent, and NIMEX screwed oil is

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Speaker 1: down to and a quarter percent. Nathan Karen, we begin

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Speaker 1: with the latest developments near the Ukraine border. The US

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Speaker 1: says Russia's claim it's pulling troops back is false. Bloomberg's

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Speaker 1: said Baxter has the story. The U S Secretary of

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Speaker 1: State Antony Blinkeln in fact says the opposite is true.

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Speaker 1: What we're seeing is no meaningful pullback. On the contrary,

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Speaker 1: we continue to see forces, especially forces that would be

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Speaker 1: in the vanguard of any renewed aggression against Ukraine, continuing

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Speaker 1: to be at the border. B Lincoln says an extra

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Speaker 1: seven thousand troops in the past few days. At the

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Speaker 1: same time, vladim Riputin says he's pulling back in San Francisco.

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Speaker 1: I'm at Baxter Bloomberg Daybreak, and thank you US lawmakers.

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Speaker 1: They're monitoring the situation closely. We spoke with a share

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Speaker 1: of the Congressional Ukraine Caucus, Marcy Captor of Ohio. She

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Speaker 1: says the country needs further assistance in the US should

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Speaker 1: punish Russia now. I think the United States and our

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Speaker 1: allies should play severe sanctions. Additionally, on the Russian oligarchy.

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Speaker 1: We should do everything possible to um uh make nord

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Speaker 1: stream to uh nonfunctional um and to bolster Ukraine's defenses

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Speaker 1: in order to preserve for sovereignty which she so deserved.

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Speaker 1: Democratic Congressoman Marcy Captors spoke with our Washington corresponded Joe

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Speaker 1: Matthew on Bloomberg Sound On Catch the program weekdays at

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Speaker 1: five pm Eastern on Bloomberg Radio. Well, Karen, We're also

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Speaker 1: following reactions to the minutes from the Federal Reserves last

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Speaker 1: policy meeting. Officials concluded last month that they would raise

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Speaker 1: interest rates soon. Some like JP Morgan Asset Managements Bob

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Speaker 1: Michael think a rate hike of fifty basis points could

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Speaker 1: be coming. I never liked the idea of a fifty

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Speaker 1: basis point rate hike. We looked back over the last

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Speaker 1: thirty plus years, there have only been a couple of

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Speaker 1: times they did it. So I've always gewed a fifty

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Speaker 1: basis point rate hike as serving the market a knuckle sandwich,

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Speaker 1: and that's about what we're going to get. JP Morgan's

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Speaker 1: Bob Michael says the consequences of not doing a fifty

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Speaker 1: point hike could be a sharp steepening of the yield curve. Well,

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Speaker 1: as the debate over interest rates continues, Nathan inflation remains

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Speaker 1: the main focus for the Fed. Billionaire investor Carl Icon

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Speaker 1: does not think it's going to end well. Sooner or later.

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Speaker 1: The situation like this is gonna end relatively badly, some

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Speaker 1: less badly, some more. But you can't keep printing up

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Speaker 1: money and printing it up and printing it up, because Jack,

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Speaker 1: get what you have now that you can't control the

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Speaker 1: government can't control them. Carl Lacon made the comments in

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Speaker 1: an interview with Bloomberg's Eric Shatsker. Stay tuned for more

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Speaker 1: of that conversation coming up shortly on Bloomberg Daybreak. Well,

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Speaker 1: Carl Icon isn't the only billionaire raising the alarm on

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Speaker 1: inflation Karen Berkshire Hathaway vice chairman Charlie Munger is sharing

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Speaker 1: icons concerns. There's never run anything quite like what we're

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Speaker 1: doing now, and we do know from what's happened in

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Speaker 1: other nations if you if you try and print too

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Speaker 1: much money, it eventually causes terrible trouble. And we're closer

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Speaker 1: to terrible trouble when then we've been in the past,

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Speaker 1: but it may still be a long way off. Berkshire

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Speaker 1: Hathaway vice chairman Charlie Munger made the comments at The

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Speaker 1: Daily Journal's annual meeting. He also took a swipe at cryptocurrency,

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Speaker 1: saying he thinks they should be banned. Turning to Erning's

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Speaker 1: Now Nathan, we see shares of door Dash up more

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Speaker 1: than twenty five and a half percent in early trading,

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Speaker 1: a record number of people ordered from the food delivery

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Speaker 1: app in the fourth quarter, and Bloomberg's Charlie Pillett has

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Speaker 1: a story. The quarter showed of pandemic heating habits are

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Speaker 1: sticking despite COVID nineteens fading threat. Customers placed three hundred

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Speaker 1: sixty nine million orders in the period, representing a thirty

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Speaker 1: five percent increase from a year earlier. People were also

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Speaker 1: ordering more often, and the value of those orders increased

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Speaker 1: thirty six percent to eleven point two billion dollars. In

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Speaker 1: New York, Charlie Bloomberg Daybreak. Okay, Charlie, thanks. Checking out

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Speaker 1: some other stocks on the move this morning. Shares of

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Speaker 1: Cisco are up three and a half percent. The computer

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Speaker 1: network equipment maker gave a bullish forecast and boosted its

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Speaker 1: share by back program. Applied Materials is up two percent.

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Speaker 1: Earnings at the semiconductor machinery company top estimates, and in

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Speaker 1: videos down more than three percent. The chipmaker failed to

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Speaker 1: impress investors with its latest forecast. Well up. Next, Nathan,

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Speaker 1: we get earnings from Walmart. Results from the retailer do out.

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Speaker 1: At seven am Eastern, we get a preview from Bloomberg's

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Speaker 1: Tom Busby. Despite a pickup in retail spending in January,

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Speaker 1: the world's biggest retailer expected to forecast slowing growth in

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Speaker 1: same store sales this year as the nation emerges from

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Speaker 1: the pandemic and consumers are faced with stubbornly high inflation.

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Speaker 1: Forecast call for same store sales and the just completed

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Speaker 1: fourth quarter, though to rise six point three percent at

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Speaker 1: its Signature stores, a gain of nearly ten percent at

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Speaker 1: its Sam's Club warehouse stores. Revenue expected to top one

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Speaker 1: fifty one and a half billion dollars with adjusted earnings

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Speaker 1: for share of a dollar fifty one. Tom Busby Bloomberg Daybreak, Okay, Tom, thanks,

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Speaker 1: and it's the latest fallout from the pandemic. A new

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Speaker 1: report shows the pay gap between men and women widened

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Speaker 1: during the first year of COVID. We get the details

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Speaker 1: from Bloomberg's Kayley Lines. Morning Star says the gender pay

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Speaker 1: gap among top executives at SMP five hundred companies grew

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Speaker 1: to its widest level since During the first year of

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Speaker 1: the pandemic. Male executives disproportionately gained from stock based compensation,

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Speaker 1: leaving women in the C suite earning about seventy five

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Speaker 1: percent less the year earlier. In there were slightly more

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Speaker 1: women in the highest paying jobs of public companies, and

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Speaker 1: their salaries were about on par with men similar roles.

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Speaker 1: Of eighteen executives earning more than fifty million dollars, only

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Speaker 1: one was a woman In New York. I'm Kayley Lines,

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Speaker 1: Bloomberg Daybreak, Kayley thank. USMP futures down twenty four points.

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Speaker 1: Dan Stack futures lower by a hundred two. Straight ahead,

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Speaker 1: your latest local headlines and the check of sports. This

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Speaker 1: is Bloomberg six oh seven on Wall Street, fifty two

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Speaker 1: degrees in Central Park. We got a tractor trailer crash

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Speaker 1: on the New York State through Way. It's at Exit ten.

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Speaker 1: Details coming up in traffic. First. John Tucker with more

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Speaker 1: on what's going on in New York and around the world.

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Speaker 1: Good morning, John, Good morning Nathan. There's a message from

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Speaker 1: city Hall to New York's major companies. Get back to

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Speaker 1: the office. Let's get the story this morning from Bloomberg's

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Speaker 1: Jeff Bellinger. Mayor Eric Adams told leaders of major companies

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Speaker 1: in the city it was time to get their workers

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Speaker 1: back in offices, emphasizing that empty buildings are holding back

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Speaker 1: the city's pandemic recovery. The mayor said he met with

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Speaker 1: one hundred chief executive officers this week, telling them now

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Speaker 1: is the time to get back. A winter surge in

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Speaker 1: COVID nineteen cases due to the highly transmissible omicron variant,

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Speaker 1: has hampered a slow return to offices. The virus has

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Speaker 1: slowed since on. The current seven day average of positive

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Speaker 1: cases in the city is roughly Jeff Bellinger Bloomberg Daybreak.

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Speaker 1: There's a major winter storm raking parts of the nation

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Speaker 1: and it's headed this way. Bloomberg meteorologist Rod Carrolin is

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Speaker 1: tracking the storm. John, A powerful storm system is going

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Speaker 1: to be developing in the central United States and tracking

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Speaker 1: towards the Great Lakes over the next twenty four hours.

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Speaker 1: Flood watchers and effect from Missouri into western and northern

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Speaker 1: New York State. We've went advisories from the Gulf Coast

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Speaker 1: into the Ohio River Valley, went to weather advisories and

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Speaker 1: with the storm warning stretch from Lower Michigan across Missouri

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Speaker 1: and on into Oklahoma. Big problem for the tri state

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Speaker 1: area over the next thirty six hours will be rain

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Speaker 1: heavy at times late today and into tonight, and it's

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Speaker 1: a very strong, gusty winds. There maybe a few vests

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Speaker 1: over forty miles an hour, especially along the coast, and

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Speaker 1: that could lead to some scattered power outages. John Bloomberg

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Speaker 1: Media Rollo Just Rob Caroline. Mayor Eric Adams has proposed

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Speaker 1: a ninety eight and a half billion dollar budget pledging

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Speaker 1: to restrain spending in the City of wash with the

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Speaker 1: extraordinary federal aid better than expended property tax revenues. In

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Speaker 1: his first spending plan since taking office, Adam's pledged to

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Speaker 1: prize efficiency and restrained ballooning police costs. President bides about

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Speaker 1: to slash greenhouse gas emissions depends on environmental regulations that

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Speaker 1: the Supreme Court may gut even before they're written the

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Speaker 1: nation's top court. Here's arguments February twenty eight from coal

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Speaker 1: plants and Republican led states trying to curb the EPA's

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Speaker 1: authority to regulate carbon dioxide emissions from the power sector.

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Speaker 1: At Amazon, at workers at a company warehouse on staff

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Speaker 1: Noland have reached a tentative agreement to hold a union election.

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Speaker 1: The Amazon labor union confronts dawning odds a more established

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Speaker 1: you and you've lost an election last year at Amazon

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Speaker 1: fulfillment center in Alabama. Global News twenty four hours a

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Speaker 1: day on Aaron on Bloomberg Quicktake power by more than

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Speaker 1: twenty seven hood to journalists and the analysts in more

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Speaker 1: than one hundred twenty countries. I'm John Tucker. This is Bloomberg, Nathan.

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Speaker 1: Thanks John almost six cent of Wall Street time for

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Speaker 1: the Bloomberg Sports Update. Good morning, John Stanshowner. Every morning

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Speaker 1: Nathan Nixon nets at the guard and the Knicks could

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Speaker 1: not have asked for a better start. They were hitting everything,

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Speaker 1: and the nets we're missing everything. The Knicks were up

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Speaker 1: by twenty after the first quarter. That lead root its

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Speaker 1: twenty eight, and later after Brooklyn got it down to seven,

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Speaker 1: Knicks went right back up by eighteen in the fourth quarter.

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Speaker 1: But twice recently they have blown leads of over twenty points,

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Speaker 1: and it happened again. Bills in Bounty all the way

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Speaker 1: to the back home of the past to Thomas. Thomas

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Speaker 1: will bring it across to the Cortlin were on the

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Speaker 1: floor down to three, Thomas pull up three. God, how

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Speaker 1: have Thomas from thirty feet went sixty eight seconds to go?

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Speaker 1: I sees this one for Brooklyn Kreno on w f

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Speaker 1: A N that's one eleven Nicks one of six. The

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Speaker 1: rookie Thomas been only one basket in the first half.

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Speaker 1: You had finished with twenty one point. Steph Curry and

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Speaker 1: Andre Drama drummer under the nets just got of the

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Speaker 1: James Harden trade both big factors. Curry scored twenty Drummond

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Speaker 1: had nineteen rebounds. Julius Randall had the Knicks with thirty one,

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Speaker 1: good win for St. John's eighties six seventy three at

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Speaker 1: Xavier Julians and Pagny score twenty seven. Rutgers did it

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Speaker 1: again a fourth trade big ten win over a top

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Speaker 1: twenty five team, this one seventy to fifty nine over

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Speaker 1: Illinois Eaton Hall lost at Yukon seventy to sixty five.

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Speaker 1: The women's hockey gold medal game has always US versus Canada.

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Speaker 1: One or the other has won every gold medal and

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Speaker 1: world championship, and this one to Canada led three nothing,

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Speaker 1: held on one three two. Michaelas Schifferin was in five

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Speaker 1: alpine skiing events, never finished in the top ten, and

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Speaker 1: failed to finish three of the events, including the combat.

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Speaker 1: John Stash Howard Bloomberg Sports Naco okay, John, thank you

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Speaker 1: right now. SMP futures are down twenty four points, sound

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Speaker 1: features down a hundred sixty six and nan stacks features

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Speaker 1: are lower by a hundred points. The tenure treasury up

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Speaker 1: eight thirty seconds, the yield two point zero one per cent.

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Speaker 1: This is Bloomberg. We're coming up to six twelve on

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Speaker 1: Wall Street. Bloomberg Daybreak is brought to you by Audie.

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Speaker 1: Com for Bloomberg Business at and at Bloomberg Quick Take.

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Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow

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Speaker 1: and futures are moving lower this morning. Traders weighing geopolitical

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Speaker 1: developments in Ukraine and a flurry of corporate earnings. And

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Speaker 1: we check the markets every fifteen minutes throughout the trading

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Speaker 1: day on Bloomberg. Right now, USNP futures down twenty four

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Speaker 1: points down, futures down one h NASDACK futures down one

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Speaker 1: hundred one. The decks in Germany's up a tenth of

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Speaker 1: upper sent ten. Your Treasury up eight thirty seconds, yield

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Speaker 1: two point one percent, yield on the two year one

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Speaker 1: point two percent on two dollars seven cents and ninety

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Speaker 1: one dollars fifty nine cents of barrel COMEXS Gold up

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Speaker 1: eight ten percent or fifteen dollars fifty cents at eighteen

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Speaker 1: eighty seven, announced the euro one point one three seven

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

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Speaker 1: one four, the ends at one fifteen point oh four,

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Speaker 1: and Bitcoin this morning moving lower at forty three thousand,

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Speaker 1: one hundred fifty dollars. Today, we are watching for reports

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Speaker 1: on housing starts and building permits out at eight thirty

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Speaker 1: Wall Street time, along with the weekly report on initial

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Speaker 1: jobless claims. And Walmart is among companies scheduled to report

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Speaker 1: earnings today. And that's a Bloomberg business flash. Now here's

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Speaker 1: John Tucker with Moore on what's going on around the world.

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Speaker 1: John Hanker Boy and Karen Russia's foreign ministry The minds

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Speaker 1: that claimed by the US of Britain that it's handed

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Speaker 1: as many as seven thousand troops to soldiers already near

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Speaker 1: Ukraine's borders. The CDC expended to Lucidis recommendations about indoor

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Speaker 1: mask wearing as soon as next week. Republicans in Florida's

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Speaker 1: House of Representatives have approved a ban on abortions after

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Speaker 1: fifteen weeks of pregnancy. Hong Kong planning a testing blitz

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Speaker 1: of the entire city. They're trying to get control of

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Speaker 1: the most challenging outbreak of the pandemic. In Bloomberg Sports,

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Speaker 1: the Knicks blow at twenty eight point lead at home

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Speaker 1: and fall to the next. The Celtics, Wizards, and Warriors

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Speaker 1: all lose, and at the Olympics, Canada beats the US

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Speaker 1: to win the gold in women's ice hockey. Global News

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Speaker 1: twenty four hours a day on IRAN on Bloomberg Quicktake.

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Speaker 1: We're powered by more than twenty seven hundred journalists and

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Speaker 1: analysts in more than one d and twenty countries. I'm

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Speaker 1: John Tucker, and this is Bloomberg. Nathan. Okay, John, thanks

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Speaker 1: a lot. It is six nineteen on Wall Street Live

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Speaker 1: from the Bloomberg Interactive Brokers studios. This is Bloomberg Daybreak.

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Speaker 1: Good morning, I'm Nathan Hagar. We want to turn down

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Speaker 1: to a prominent name in finance, Carl Icon. He is

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Speaker 1: well known across Wall Street as a feigned activist investor.

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Speaker 1: We sat down late yesterday for a conversation with Icon

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Speaker 1: to discuss new rules from the Securities that Exchange Commission

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Speaker 1: on corporate activism and his evolving views on politics and

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Speaker 1: former President Donald Trump. So let's listen in now to

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Speaker 1: Bloomberg Zerik Shatzker speaking with Carl Icon. Carl, the SEC

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Speaker 1: has proposed a number of new rules that, at least

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Speaker 1: on the surface, threatened to thwart activists like you. And

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Speaker 1: I don't want to get into a catalog of the

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Speaker 1: rules and their prescriptiveness, but you know, it would force

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Speaker 1: you to disclose states faster. It would force you to

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Speaker 1: disclose economic interest through derivatives and not just common shares um.

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Speaker 1: It would expand the definition of a group. I want

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Speaker 1: to know what you make of these proposed rules and

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Speaker 1: the impact that they'll have on activism. There are rules

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Speaker 1: at the SEC of promoting that I think a sort

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Speaker 1: of necessary. Without getting into the details I took. I

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Speaker 1: think their abuses by even you know, by even these

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Speaker 1: mutual funds and even these investment back is a guys

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Speaker 1: I know in front of you, however, the one that

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Speaker 1: I'm adamantly against and that and really again I'm saying

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Speaker 1: not because it relates to me, which it does. It

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Speaker 1: does relate to me to some extent, but in a way,

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Speaker 1: in a very ironic way, it might even help me.

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Speaker 1: But what they're doing now is throwing out the baby

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Speaker 1: with the bathwater. When it comes to activism, we have

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Speaker 1: great corporations, but many of them are terribly managed. And

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Speaker 1: that's one of the problems we have. We have with

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Speaker 1: the wrong guys Rue and a lot of these companies,

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Speaker 1: and there's no way to get rid of them because

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Speaker 1: you really don't have fair votes to go in and

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Speaker 1: fight a company. Of course, you great the little money.

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Speaker 1: First of all, they beat you up with PR. But

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Speaker 1: I've been true. It's and that's what I'm saying this.

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Speaker 1: These rules don't affect me as much they beat you

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Speaker 1: up with PR. It's it's more of a feudalistic system

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Speaker 1: to be which is the rule specifically that that that

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Speaker 1: that you think would affect you and perhaps other people too.

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Speaker 1: The rule that they're trying to push now is the

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Speaker 1: ten day rule where if you buy stock, so you

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Speaker 1: want to So an activists wants to accumulate some stock,

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Speaker 1: he says, Okay, I'm gonna face all these problems. So

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Speaker 1: I'm gonna go in there and I'm gonna have to

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Speaker 1: put up in the pr I'm gonna have to spend

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Speaker 1: a great deal of money proxy fight. I mean, in

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Speaker 1: the political election, you put the guy in jail. If

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Speaker 1: if you're if you're the president, and you use the money,

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Speaker 1: the government's money to go fight, to go fight the

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Speaker 1: in the political arena here, you have to you have

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Speaker 1: to do all these things. So but the one thing

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Speaker 1: the activists might be able to make money with is

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Speaker 1: he bu stock first, and he has and then he

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Speaker 1: gets to five percent, and then they let you buy

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Speaker 1: stock for another five six days, so you accumulate some stock.

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Speaker 1: And then when he gets out, if if, if he has,

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Speaker 1: if he has a chance, or he gets the company

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Speaker 1: to sell themselves or do all these things, he makes

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Speaker 1: some money for all the work he did. Otherwise, why

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Speaker 1: should an activists even do it a little? And then

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Speaker 1: it's it's disincentivizing activism. And I got that rightly, just

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Speaker 1: sub centivized. He's something that should be done. Now, I

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Speaker 1: do agree, because I want to be fair about this

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Speaker 1: to the SEC, I do agree with some of the criticism.

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Speaker 1: And so the criticism basically is some guy calls in

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Speaker 1: and says, I, look, I'm gonna be real smart about this.

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Speaker 1: I'm sort of a known guy. I'm gonna buy this

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Speaker 1: stock and and and you know, I'm just gonna get

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Speaker 1: it dead now. I'm gonna get the pr out there.

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Speaker 1: And some of these activists do that, they get pr

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Speaker 1: to get articles. Oh, I just want the stock because

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Speaker 1: I wanted and the stock goes up and then he

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Speaker 1: sells it, and I think that is as the short

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Speaker 1: term game, in other words game. So I would suggest,

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Speaker 1: and I'm going to do this, I'm writing the paper

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Speaker 1: on it that it's fair to say that the activists

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Speaker 1: can't make that short term game. He has to disgorge it.

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Speaker 1: In other words, if he's do it, if he's an activist,

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Speaker 1: he's buying it for the good of the shareholders, he's saying,

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Speaker 1: and to some extent, for the good of the company,

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Speaker 1: I'm gonna waite your proxyfying or whatever. He has to

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Speaker 1: keep it for a certain amount of time, as you

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Speaker 1: have in many cases with boards, and he has to

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Speaker 1: keep you with a certain amount of time. But let's

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Speaker 1: say he buys it and the stock and and he

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Speaker 1: gets that extra in five days or seven days, and

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Speaker 1: he accumulates some stock, and then the stock does go

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Speaker 1: up because he brought it. At least he's gonna make

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Speaker 1: some money if the company does go out and sell

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Speaker 1: itself or who are does other things that he suggests.

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Speaker 1: So otherwise, what this rule is going to do is

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Speaker 1: actually discouraged activism even more than it is discouraged today.

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Speaker 1: And just to add to what I said before, I

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Speaker 1: think that's a very bad thing for economic society because

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Speaker 1: right now, yeah, you absolutely need him more and one out.

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Speaker 1: I know. I want to move on to ask you

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Speaker 1: a question, and I'll preface it by saying this. I

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Speaker 1: know how much you don't love talking about politics, but

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Speaker 1: I do have to ask you about um, somebody whom

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Speaker 1: you know, well, Donald Trump. Everybody knows that you supported him,

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Speaker 1: you know, in his presidential campaign. Um, and on occasion

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Speaker 1: you functioned as some Wall Street I'm Karen Moscow along

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Speaker 1: with Nathan Hagar, and we're just about three hours away

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Speaker 1: from the open of US trading. Time for the five

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Speaker 1: things you need to know to start your day, brought

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Speaker 1: to you by I b k R Investment Advisers switched

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Speaker 1: to Interactive Brokers for lowest cost global trading and turnkey

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Speaker 1: custody solutions, no ticket charges and no conflicts of your

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Speaker 1: interests at I v k R dot com slash r

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Speaker 1: I a up for stocks are falling in the wake

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Speaker 1: of the latest developments out of Ukraine. Russia is denying

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Speaker 1: a claim by the US and Britain that it's added

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Speaker 1: as many as seven thousand troops near the border. We

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Speaker 1: get more from Bloomberg National Security editor Bill Ferries. Is

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Speaker 1: going to be a key day well, how a lot

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Speaker 1: of foreign ministers gathering in Munich for a security conference

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Speaker 1: there that will give a chance for everybody to sit

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Speaker 1: down and hash out the approach the reaction to this

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Speaker 1: latest news about the troop build up, according to the

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Speaker 1: us SO, I think this is definitely not the direction

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Speaker 1: people wanted to see just a two days ago when

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Speaker 1: the announcements of a potential Russian draw down first emerged.

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Speaker 1: Bloomberg's Bell Ferries as the US things, Russia has about

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Speaker 1: a hundred fifty thousand soldiers near Ukraine's borders. The Federal

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Speaker 1: Reserve is also in the spotlight this morning. Karen Minutes

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Speaker 1: from the Central Bank's latest meeting show officials will raise

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Speaker 1: interest rate soon. They're also on alert for persistent inflation

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Speaker 1: that would justify a faster pace of tightening. Well. Turning

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Speaker 1: to corporate earnings, now, Nathan shares of in Video down

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Speaker 1: more than three percent in early trading. The chipmaker failed

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Speaker 1: to impress with its latest forecast. We get the story

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Speaker 1: from Bloomberg's Charley Pellett in video topped Wall Street estimates

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Speaker 1: with its latest quarterly results and projected strong growth for

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Speaker 1: the current period. See EO and co founder Jensen Huang

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Speaker 1: has turned a niche business graphic cards for gamers into

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Speaker 1: a chip empire worth more than six hundred billion dollars.

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Speaker 1: But investors have high hopes for the company, and even

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Speaker 1: a record setting quarter can leave them underwhelmed. In New York,

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Speaker 1: Charlie Pellock Bloomberg Daybreak. Okay, Charlie, thank you. Some other

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Speaker 1: stocks moving on earnings this morning. Applied Materials is up

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Speaker 1: to percent. Earnings at the semiconductor machinery company top estimates.

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Speaker 1: Cisco's higher by more than three percent. The computer network

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Speaker 1: equipment maker gave a bullish forecast, and door Dash is

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Speaker 1: surging this morning. The shares are up almost twenty six

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Speaker 1: percent now after a record number of people ordered from

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Speaker 1: the food delivery app. Up. Next, we get earnings from

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Speaker 1: Walmart this morning, and finally, Nathan, Amazon has settled a

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Speaker 1: huge dispute on payment fees with Visa. The e commerce

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Speaker 1: giant will now accept Visa cards across its global network.

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Speaker 1: It will no longer charge an extra feed of customers

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Speaker 1: in Singapore and Australia who use Visa on its site

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Speaker 1: and us. The five things you need to notice start

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Speaker 1: your day brought to you by Interactive Brokers Again. Futures

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Speaker 1: this morning are lower. SNP futures down twenty six points

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Speaker 1: now futures down one d seventy one NASDAG futures down

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Speaker 1: one eight. Ten year treasury up eight thirty seconds. They

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Speaker 1: yield two percent. They yield on the two year one

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Speaker 1: point for eight percent. And Nimax screwed oil is down

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Speaker 1: two point four percent and ninety one three cents of barrel.

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Speaker 1: That's down two dollars twenty three cents straight. I had

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Speaker 1: your latest local headlines plus a check of sports, and

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Speaker 1: this is Bloomberg. Thanks here. In six thirty three on

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Speaker 1: Wall Street, fifty two degrees in Central Park. Still dealing

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00:23:42,240 --> 00:23:44,080
Speaker 1: with a tractor trailer crash in the New York State

431
00:23:44,119 --> 00:23:46,080
Speaker 1: through Way by Eggs at ten the tails coming up

432
00:23:46,080 --> 00:23:48,640
Speaker 1: in traffic First. John Tucker's here with more on what's

433
00:23:48,640 --> 00:23:51,080
Speaker 1: going on in New York and around the world. Good morning, John,

434
00:23:51,119 --> 00:23:53,879
Speaker 1: Good morning Nathan. New York City Mayor Eric Adams telling

435
00:23:53,960 --> 00:23:56,840
Speaker 1: leaders of major companies in the city gather workers back

436
00:23:56,840 --> 00:24:00,760
Speaker 1: in offices, emphasizing that empty buildings are holding back the

437
00:24:00,800 --> 00:24:05,320
Speaker 1: city's pandemic recovery. New York City can't run from home.

438
00:24:05,640 --> 00:24:08,159
Speaker 1: We can't keep kicking the can down the road. We

439
00:24:08,200 --> 00:24:09,840
Speaker 1: want you to come back in January. No come back

440
00:24:09,840 --> 00:24:12,439
Speaker 1: in February, No come back in Marge. It's time. The

441
00:24:12,480 --> 00:24:15,480
Speaker 1: mayor says he met with one CEOs this week to

442
00:24:15,560 --> 00:24:18,720
Speaker 1: get their workers back into the office to stimulate the economy.

443
00:24:19,119 --> 00:24:21,719
Speaker 1: A winter search in COVID nineteen cases due to the

444
00:24:21,720 --> 00:24:25,760
Speaker 1: omicron variant has hampered a slow return to offices. Dr

445
00:24:25,800 --> 00:24:28,320
Speaker 1: Anthony Fauci was asked, how will know when the pandemic

446
00:24:28,440 --> 00:24:30,840
Speaker 1: is over? What you want is to make sure the

447
00:24:30,840 --> 00:24:36,440
Speaker 1: trajectory keeps going down and down and down. Concentrating more

448
00:24:37,160 --> 00:24:40,560
Speaker 1: on what the rate of severe disease and hospitalization is

449
00:24:41,160 --> 00:24:44,320
Speaker 1: will determine that, Founci telling ABC, we don't know what

450
00:24:44,400 --> 00:24:46,679
Speaker 1: that number is yet, but that will be more of

451
00:24:46,680 --> 00:24:50,320
Speaker 1: a determinant than the rate of infection. Mayor Adams doesn't

452
00:24:50,320 --> 00:24:54,280
Speaker 1: think the city's vaccine roles that prevent Brooklyn star Kyrie

453
00:24:54,359 --> 00:24:57,520
Speaker 1: Irving from playing in home games are fair. The mayor,

454
00:24:57,680 --> 00:25:01,160
Speaker 1: responding to comments made by the NBA Commissioner Adam Silver

455
00:25:01,520 --> 00:25:04,840
Speaker 1: on the ESPN, it just doesn't quite make sense to

456
00:25:04,880 --> 00:25:08,000
Speaker 1: me that an away player who's unvaccinated can play in

457
00:25:08,040 --> 00:25:11,159
Speaker 1: Barkley's but the home player can't. Your Adams didn't take

458
00:25:11,200 --> 00:25:15,080
Speaker 1: a hard stance on changing any rules. Republicans in Florida's

459
00:25:15,119 --> 00:25:18,680
Speaker 1: House of Representatives have approved a ban on abortions after

460
00:25:18,760 --> 00:25:21,879
Speaker 1: fifteen weeks, joining other states and tightening access to the

461
00:25:21,880 --> 00:25:24,960
Speaker 1: procedure ahead of the U Supreme Court ruling that could

462
00:25:25,119 --> 00:25:28,920
Speaker 1: overturn Roe versus Wade. Florida's bill, which government to Santis

463
00:25:28,960 --> 00:25:31,960
Speaker 1: has expressed support for, passed the House early this morning.

464
00:25:32,000 --> 00:25:35,119
Speaker 1: Get Now moves on to the Republican Control Senate, and

465
00:25:35,240 --> 00:25:38,840
Speaker 1: users of a five letter puzzle craz upset about change

466
00:25:39,000 --> 00:25:42,159
Speaker 1: word All's biggest fans are A and g R Y,

467
00:25:42,320 --> 00:25:45,080
Speaker 1: with The New York Times convinced the words have gotten

468
00:25:45,080 --> 00:25:47,640
Speaker 1: the harder since their version of the game rolled out.

469
00:25:48,040 --> 00:25:51,080
Speaker 1: A spokesperson for The Times confirms they've updated the list

470
00:25:51,119 --> 00:25:55,080
Speaker 1: of possible solutions to the daily puzzle. Global News twenty

471
00:25:55,080 --> 00:25:57,560
Speaker 1: four hours a day on Aeron on Bloomberg Quicktake. We're

472
00:25:57,560 --> 00:26:00,120
Speaker 1: powered by more than twenty seven hundred journalist and as

473
00:26:00,280 --> 00:26:04,440
Speaker 1: more than one twenty countries. I'm John Tucker. This is Bloomberg, Nathan.

474
00:26:04,560 --> 00:26:07,440
Speaker 1: I guess too bad doesn't fit in the grid. No, sir,

475
00:26:07,600 --> 00:26:14,000
Speaker 1: thank you. John could be at the game on Wall

476
00:26:14,000 --> 00:26:16,200
Speaker 1: Street time for a Bloomberg Sports. I'll take with John

477
00:26:16,240 --> 00:26:19,320
Speaker 1: stan all right, Nathan bragging rights to Brooklyn. The Nets

478
00:26:19,320 --> 00:26:21,720
Speaker 1: without the injured Kevin our aunt Kyrie Ivery can't play

479
00:26:21,720 --> 00:26:23,800
Speaker 1: a road game if it's still in New York. Knicks

480
00:26:23,840 --> 00:26:26,360
Speaker 1: desperate for a victory, and they jumped in front by

481
00:26:26,400 --> 00:26:29,320
Speaker 1: twenty in the first quarter. That lead drew to twenty eight.

482
00:26:29,400 --> 00:26:31,320
Speaker 1: It was still at eighteen and the fourth but yet

483
00:26:31,320 --> 00:26:35,200
Speaker 1: another blown big lead, furious rally by the Nets, they

484
00:26:35,240 --> 00:26:38,040
Speaker 1: pulled it out one sixteen, one eleven. The rookie Cam

485
00:26:38,119 --> 00:26:41,120
Speaker 1: Thomas had a huge second half, big contribution from two

486
00:26:41,119 --> 00:26:43,879
Speaker 1: guys that that's just acquired, Seth Curry and Andre Drummond,

487
00:26:43,880 --> 00:26:46,080
Speaker 1: and the Nets with two wins and two nights after

488
00:26:46,160 --> 00:26:48,359
Speaker 1: they had lost the eleven in a row. Their coach

489
00:26:48,440 --> 00:26:52,000
Speaker 1: just eat that you know, you know, tips will have

490
00:26:52,040 --> 00:26:55,680
Speaker 1: them fired up, and they, you know, I thought we're

491
00:26:55,720 --> 00:26:58,399
Speaker 1: just more physical than us at that time. We just

492
00:26:58,440 --> 00:27:01,159
Speaker 1: said is a testament character and nix at the All

493
00:27:01,200 --> 00:27:03,800
Speaker 1: Star Break, losers a thirteen of their last sixteen. They've

494
00:27:03,800 --> 00:27:07,080
Speaker 1: had four different losing streaks or three or more games

495
00:27:07,080 --> 00:27:10,000
Speaker 1: just in the last month. St. John's wanted save your

496
00:27:10,000 --> 00:27:13,000
Speaker 1: eighties six seventy three. Seaton Hall lost at Yukon seventy

497
00:27:13,000 --> 00:27:15,240
Speaker 1: to sixty five and on a waiting streak for Rutgers.

498
00:27:15,560 --> 00:27:18,120
Speaker 1: Scarlett Knights had already set a school record with three

499
00:27:18,160 --> 00:27:20,560
Speaker 1: straight wins over top twenty five teams and made it

500
00:27:20,640 --> 00:27:24,479
Speaker 1: four being Illinois seventy to fifty nine. Olympic Women's hockey

501
00:27:24,560 --> 00:27:26,879
Speaker 1: as always Canada in the US of the gold medal.

502
00:27:27,200 --> 00:27:29,160
Speaker 1: Canada led three not in the US come back fell

503
00:27:29,200 --> 00:27:32,040
Speaker 1: shore Canada one three to two. The US has reached

504
00:27:32,080 --> 00:27:36,040
Speaker 1: the men's curling semifinals. They are the defending champions. Reportedly,

505
00:27:36,080 --> 00:27:39,240
Speaker 1: the Washington Nationals before the lockout, offered their young star

506
00:27:39,359 --> 00:27:43,080
Speaker 1: Juan Soto of contract thirteen years, three hundred and fifty

507
00:27:43,160 --> 00:27:46,080
Speaker 1: million dollars and he turned to down John Stash Atward

508
00:27:46,119 --> 00:27:49,200
Speaker 1: Bloomberg School. All right, thank you John, six thirty seven

509
00:27:49,240 --> 00:27:50,840
Speaker 1: on Wall Street. Time to take a look at stock

510
00:27:50,920 --> 00:27:52,560
Speaker 1: some of the names moving in the pre market with

511
00:27:52,560 --> 00:27:55,639
Speaker 1: Bloomberg Radio and TV markets correspondent Creaty group that Createy

512
00:27:55,640 --> 00:27:58,560
Speaker 1: with with launching quite a few names. Moving on earnings

513
00:27:58,640 --> 00:28:01,960
Speaker 1: this morning, what's got your eye? Yeah, absolutely, you are

514
00:28:02,040 --> 00:28:05,000
Speaker 1: seeing some of the moves higher in the earning space.

515
00:28:05,280 --> 00:28:07,320
Speaker 1: But let's just start off with Video, which is actually

516
00:28:07,400 --> 00:28:09,719
Speaker 1: lower on the day. N v d A is your

517
00:28:09,760 --> 00:28:13,480
Speaker 1: ticker down three point four percent? They actually beat earnings, Nathan,

518
00:28:13,560 --> 00:28:16,280
Speaker 1: but there were some weak spots. Sales of Nvidia's auto chips,

519
00:28:16,320 --> 00:28:19,720
Speaker 1: for example, were lower than projected. Their justice gross margin

520
00:28:20,080 --> 00:28:22,240
Speaker 1: coming in at six pcent. You would think that's a

521
00:28:22,280 --> 00:28:25,000
Speaker 1: good number, right, Nathan, But apparently if you compare that

522
00:28:25,040 --> 00:28:27,040
Speaker 1: to some of the other folks in the chip space

523
00:28:27,080 --> 00:28:30,720
Speaker 1: analog devices, for example, the margin was seventy two percent there. So,

524
00:28:30,920 --> 00:28:34,840
Speaker 1: once again a video dealing with some very high expectations.

525
00:28:34,920 --> 00:28:37,160
Speaker 1: One of the pieces that came really kind of took

526
00:28:37,359 --> 00:28:39,720
Speaker 1: grab my attention in their earnings was that they're making

527
00:28:39,840 --> 00:28:42,840
Speaker 1: really giant pre pains to help secure way for capacity,

528
00:28:42,960 --> 00:28:45,640
Speaker 1: essentially making sure that they have the capacity, they have

529
00:28:45,760 --> 00:28:48,880
Speaker 1: an inventory. But they're spending nine billion dollars at the

530
00:28:49,000 --> 00:28:51,640
Speaker 1: end of the fourth quarter. That's up from about two

531
00:28:51,720 --> 00:28:54,120
Speaker 1: point five billion a year ago. So you can really

532
00:28:54,160 --> 00:28:56,760
Speaker 1: see some of those costs eating into their bottom line.

533
00:28:56,840 --> 00:28:59,360
Speaker 1: Let's take with the semiconductor story, because it's not just

534
00:28:59,440 --> 00:29:02,239
Speaker 1: chip makers, it's also the chip equipment makers that are

535
00:29:02,240 --> 00:29:04,960
Speaker 1: reporting earnings. Applied materials, for example, A M A. T

536
00:29:05,160 --> 00:29:07,280
Speaker 1: S your taker up two percent in the pre market.

537
00:29:07,560 --> 00:29:11,800
Speaker 1: This is the biggest maker of machinery used to manufacture semiconductors.

538
00:29:12,000 --> 00:29:14,800
Speaker 1: It climbed in post market trading yesterday after beating earnings

539
00:29:15,000 --> 00:29:17,760
Speaker 1: on the top and bottom line. You just can't get

540
00:29:18,040 --> 00:29:20,360
Speaker 1: enough of that chip demand. Yeah, and you can't get

541
00:29:20,480 --> 00:29:23,760
Speaker 1: enough of tech earnings. More broadly as well. We heard

542
00:29:23,800 --> 00:29:26,680
Speaker 1: from Cisco to Yeah, a bunch of tech names. And

543
00:29:26,720 --> 00:29:28,560
Speaker 1: you know when we think tech is not just your apples,

544
00:29:28,560 --> 00:29:30,960
Speaker 1: your Microsoft, You're in videos, there's so much more in

545
00:29:31,000 --> 00:29:33,520
Speaker 1: the tech universe. Cisco, for example, c s c O

546
00:29:33,800 --> 00:29:36,200
Speaker 1: is your ticker up three point two percent. This is

547
00:29:36,240 --> 00:29:39,960
Speaker 1: the biggest maker of computer networking equipment. Actually gained in

548
00:29:40,080 --> 00:29:42,480
Speaker 1: late trading yesterday. It's skating this morning. Like I said,

549
00:29:42,520 --> 00:29:44,880
Speaker 1: three point two percent the pre market giving a pretty

550
00:29:44,960 --> 00:29:47,880
Speaker 1: bullish forecast. But I think what's gap gribing people's attention

551
00:29:47,960 --> 00:29:51,200
Speaker 1: here is the fifteen billion dollar increase to its share

552
00:29:51,240 --> 00:29:54,720
Speaker 1: buyback program bring their total program to eighteen billion dollars.

553
00:29:54,760 --> 00:29:57,400
Speaker 1: Are also seeing some pretty unprecedented demand of having a

554
00:29:57,520 --> 00:30:01,200
Speaker 1: backlog about fourteen billion dollars. Nathan. That is double the

555
00:30:01,360 --> 00:30:03,960
Speaker 1: level it was a year ago. So a lot of

556
00:30:04,000 --> 00:30:06,120
Speaker 1: good news, a lot of bullish drivers for Cisco here

557
00:30:06,200 --> 00:30:08,680
Speaker 1: this morning. I'll end here with door Dash, because who

558
00:30:08,720 --> 00:30:11,040
Speaker 1: doesn't want to know about the restaurant reopening. D A

559
00:30:11,520 --> 00:30:15,040
Speaker 1: s H is your taker up twenty five percent in

560
00:30:15,200 --> 00:30:18,480
Speaker 1: the pre market. They reported a record number number of

561
00:30:18,600 --> 00:30:21,280
Speaker 1: people ordering from the food delivery app in the fourth quarter.

562
00:30:21,600 --> 00:30:25,920
Speaker 1: Revenue and marketplace gross order values also be estimates. So

563
00:30:26,080 --> 00:30:28,560
Speaker 1: door Dash also having a very good day, Nathan. If

564
00:30:28,600 --> 00:30:31,040
Speaker 1: you order anything this morning, I'll take eggs in bacon.

565
00:30:31,680 --> 00:30:34,400
Speaker 1: Thanks great, all right, thank you. Bloomberg Radio on TV,

566
00:30:34,520 --> 00:30:38,320
Speaker 1: Markets correspondent Creaty Gupta with the pre market check. As

567
00:30:38,480 --> 00:30:41,280
Speaker 1: always and as we take look at stocks as a

568
00:30:41,360 --> 00:30:44,920
Speaker 1: whole ahead of this Thursday morning open, futures are moving lower.

569
00:30:45,000 --> 00:30:47,760
Speaker 1: We have SMP futures down twenty three points, staff futures

570
00:30:47,760 --> 00:30:51,000
Speaker 1: down a hundred fifties seven NASDAC futures are lower by

571
00:30:51,160 --> 00:30:54,920
Speaker 1: a hundred points. Little change to the decks in Germany.

572
00:30:55,120 --> 00:30:57,720
Speaker 1: The CAC in Paris is actually higher by two tenths percent,

573
00:30:57,800 --> 00:30:59,680
Speaker 1: but the foot see one hundred in London is down

574
00:31:00,120 --> 00:31:03,080
Speaker 1: seven tenth percent. Ten Your treasury is up eight thirty seconds,

575
00:31:03,120 --> 00:31:05,240
Speaker 1: the yield two point zero one percent, and the yield

576
00:31:05,280 --> 00:31:07,720
Speaker 1: on the two year right now one point four nine percent.

577
00:31:08,080 --> 00:31:10,280
Speaker 1: Let's take a look at bitcoin. Shall we trading around

578
00:31:10,320 --> 00:31:15,000
Speaker 1: forty three thousand, one hundred dollars. Latest developments on Ukraine

579
00:31:15,040 --> 00:31:18,840
Speaker 1: geopolitics in focus. Bloomberg Government's Jack Fitzpatrick joins us. Next,

580
00:31:19,000 --> 00:31:24,560
Speaker 1: this is Bloomberg Bloomberg eleven three oh weather, heavy rain tonight,

581
00:31:24,760 --> 00:31:28,320
Speaker 1: we'll get into the upper fifties before then, temperatures topping

582
00:31:28,360 --> 00:31:30,920
Speaker 1: out early in the upper fifties before falling through the day.

583
00:31:31,160 --> 00:31:33,640
Speaker 1: By Saturday, we'll only get low forties. Right now fifty

584
00:31:33,680 --> 00:31:39,520
Speaker 1: two in Central Park Markets, headlines and breaking news twenty

585
00:31:39,600 --> 00:31:42,400
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg

586
00:31:42,480 --> 00:31:46,480
Speaker 1: Business at and at Bloomberg Quicktake. He's a Bloomberg Business

587
00:31:46,520 --> 00:31:56,120
Speaker 1: Flash and I'm Karen Moscow. Futures are following this morning.

588
00:31:56,200 --> 00:31:58,080
Speaker 1: Let's go to the first word breaking news. Dask for

589
00:31:58,120 --> 00:32:00,880
Speaker 1: today's morning call, and here's Bill Malowny Bill, good morning

590
00:32:01,840 --> 00:32:04,200
Speaker 1: and good morning, Karen. That's right. US futures are in

591
00:32:04,240 --> 00:32:06,560
Speaker 1: the red. Without futures down a hundred and fifty points

592
00:32:06,600 --> 00:32:08,360
Speaker 1: has to be stropped twenty three will then as death

593
00:32:08,360 --> 00:32:12,080
Speaker 1: futures decline by nine seven. The US ten yel at

594
00:32:12,120 --> 00:32:15,040
Speaker 1: two percent, gold is hired by fifteen, oil is down,

595
00:32:15,400 --> 00:32:18,560
Speaker 1: and bitcoin is lower by two percent Upan markets are

596
00:32:18,560 --> 00:32:20,880
Speaker 1: trading mixed right now and back in the US. On

597
00:32:20,920 --> 00:32:24,160
Speaker 1: the economic frontday eight thirty initial jobs claims, housing starts,

598
00:32:24,240 --> 00:32:28,040
Speaker 1: and Philly fed After the bells night, Applied Materials beat estimates,

599
00:32:28,200 --> 00:32:31,640
Speaker 1: Cisco gave an upbeat forecast, and in video reported is

600
00:32:31,720 --> 00:32:35,120
Speaker 1: down four percent in the pre market. Look for Walmart's

601
00:32:35,200 --> 00:32:38,640
Speaker 1: report this morning around seven am. In other news, Amazon

602
00:32:38,720 --> 00:32:41,960
Speaker 1: struck in agreement with Visa on payment fees and wrapping

603
00:32:42,040 --> 00:32:44,240
Speaker 1: things up. See if Industries cut to neutral at Jake

604
00:32:44,280 --> 00:32:46,840
Speaker 1: and Morgan. Three m was cut to underweight over at

605
00:32:46,920 --> 00:32:50,120
Speaker 1: Morgan Stanley Live from the first were Bricking news deskm

606
00:32:50,200 --> 00:32:52,640
Speaker 1: B Maloney, Karen Bil thank you to here live breaking

607
00:32:52,680 --> 00:32:55,120
Speaker 1: news over here. A Bloomberg tips squawk on your terminal

608
00:32:55,320 --> 00:32:58,200
Speaker 1: squ a w K and that's a Bloomberg business flash

609
00:32:58,280 --> 00:33:00,520
Speaker 1: now here's John Tucker with more on what's going on

610
00:33:00,600 --> 00:33:04,400
Speaker 1: around the world. John, good morning. Karen Rush's Foreign Ministry

611
00:33:04,560 --> 00:33:06,360
Speaker 1: is denying to claim by the US of Britain that

612
00:33:06,440 --> 00:33:09,160
Speaker 1: it's added as many as seven thousand troops to soldiers

613
00:33:09,440 --> 00:33:13,880
Speaker 1: already near Ukraine's borders. Republicans at Floridest House of Representatives

614
00:33:13,960 --> 00:33:17,840
Speaker 1: have approved a ban on abortions after fifteen weeks of pregnancy.

615
00:33:18,360 --> 00:33:22,000
Speaker 1: The CDC expended to loosen its recommendations about indoor mask

616
00:33:22,080 --> 00:33:25,200
Speaker 1: wearing as soon as next week. Sports the next blow

617
00:33:25,240 --> 00:33:27,920
Speaker 1: at twenty eight point lead at home and fall to

618
00:33:28,000 --> 00:33:31,400
Speaker 1: the nets. The Celtics, Wizards, and Warriors all lose at

619
00:33:31,440 --> 00:33:34,040
Speaker 1: the Olympics. Canada beats the US to win the Golden

620
00:33:34,120 --> 00:33:37,160
Speaker 1: Women's ice Hockey Global News twenty four hours a day

621
00:33:37,200 --> 00:33:39,800
Speaker 1: on Aaron on Bloomberg Quicktike. We're powered by more than

622
00:33:39,840 --> 00:33:42,719
Speaker 1: twenty seven hundred journalists and analysts in more than one

623
00:33:42,800 --> 00:33:47,360
Speaker 1: hundred twenty countries. I'm John Tucker. This is Bloomberg. The

624
00:33:47,520 --> 00:33:53,600
Speaker 1: following commentary is from Bloomberg Opinion Baseball Politics. I'm Jonathan Bernstein,

625
00:33:53,640 --> 00:33:56,280
Speaker 1: a calumnist for Bloomberg Opinion. There's a good chance Joe

626
00:33:56,320 --> 00:33:59,360
Speaker 1: Biden will soon be asked about baseball's labor dispute. The

627
00:33:59,440 --> 00:34:02,480
Speaker 1: answer for Biden is easy, don't put the president's reputation

628
00:34:02,560 --> 00:34:05,120
Speaker 1: on the line for this one. Public opinion is a

629
00:34:05,400 --> 00:34:08,640
Speaker 1: no gain, some risk situation. If Biden was able to

630
00:34:08,719 --> 00:34:12,120
Speaker 1: negotiate a deal, most voters simply wouldn't care, and those

631
00:34:12,160 --> 00:34:15,720
Speaker 1: who did would quickly forget if the effort went wrong. However,

632
00:34:15,960 --> 00:34:19,880
Speaker 1: many baseball fans might well blame Biden for the continued lockout.

633
00:34:20,120 --> 00:34:22,400
Speaker 1: Public opinion isn't a strong reason to stay out, but

634
00:34:22,480 --> 00:34:25,919
Speaker 1: on balance, it weighs against involvement. Presidents also care about

635
00:34:25,960 --> 00:34:29,040
Speaker 1: their reputations. It's safe to say that calling both sides

636
00:34:29,080 --> 00:34:31,239
Speaker 1: into the Oval Office and then failing to cut a

637
00:34:31,320 --> 00:34:34,960
Speaker 1: deal certainly wouldn't convince anyone of Biden's negotiating skills or

638
00:34:35,080 --> 00:34:39,120
Speaker 1: political instincts. While the personal involvement of the president has downsides,

639
00:34:39,200 --> 00:34:41,800
Speaker 1: there's very little risk in having the Department of Labor involved.

640
00:34:42,040 --> 00:34:44,640
Speaker 1: So yes, the administration should try to get the game started,

641
00:34:44,920 --> 00:34:47,279
Speaker 1: but this is one task best left for others to do.

642
00:34:47,600 --> 00:34:50,400
Speaker 1: I'm Jonathan Bernstein. For more opinion, please go to Bloomberg

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Speaker 1: dot com, slash opinion or OPI and GO on the

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00:34:53,280 --> 00:34:57,480
Speaker 1: Bloomberg terminal. These has been Bloomberg Opinion and Blooberg Opinion

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00:34:57,560 --> 00:35:00,040
Speaker 1: commentaries can be heard every weekday at this time, and

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00:35:00,280 --> 00:35:03,120
Speaker 1: terminal customers can read more at O P I n GO.

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00:35:03,719 --> 00:35:06,080
Speaker 1: Six fifty on Wall Street returned to news and science

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Speaker 1: and technology now with a Bloomberg and j I T

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00:35:08,520 --> 00:35:12,000
Speaker 1: STEM report brought to you by New Jersey Institute of Technology,

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00:35:12,080 --> 00:35:15,279
Speaker 1: ranked top fifty national public university by US News and

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00:35:15,360 --> 00:35:18,680
Speaker 1: World Report and a top fifty college for undergraduate entrepreneurship

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00:35:18,760 --> 00:35:21,279
Speaker 1: studies by The Princeton Review. Learn more at n j

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00:35:21,480 --> 00:35:24,200
Speaker 1: I T DOT E DU now. Here's what's making news

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00:35:24,239 --> 00:35:28,080
Speaker 1: and science, Technology, engineering, and math. Hong Kong is deploying

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00:35:28,120 --> 00:35:31,840
Speaker 1: at tactic used on mainland China to root out coronavirus cases.

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00:35:32,120 --> 00:35:35,320
Speaker 1: It's planning a testing blitz of the entire city. Bloomberg

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00:35:35,400 --> 00:35:38,080
Speaker 1: News has learned that Chinese medical experts will probably be

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Speaker 1: brought into help. Local media said the push will begin

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00:35:41,200 --> 00:35:44,239
Speaker 1: in early March. Europe looks to be gradually leaving the

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00:35:44,320 --> 00:35:47,680
Speaker 1: pandemic behind. Germany is becoming the latest in the region too.

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00:35:47,719 --> 00:35:51,279
Speaker 1: Unwine restrictions that have disrupted life for two years. Chance

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00:35:51,400 --> 00:35:54,080
Speaker 1: Or Olof Schultz announced the most of the COVID curbs

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00:35:54,080 --> 00:35:57,560
Speaker 1: will be rolled back by March twenty. Austria and Switzerland

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00:35:57,600 --> 00:36:01,000
Speaker 1: are planning similar steps, and Red Bull Formula one team

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00:36:01,120 --> 00:36:03,600
Speaker 1: is signed what it described is the most lucrative annual

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00:36:03,680 --> 00:36:07,719
Speaker 1: cryptocurrency sponsorship and sports. The deal with by Bit is

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Speaker 1: worth more than one hundred million dollars across three years.

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00:36:11,200 --> 00:36:13,399
Speaker 1: Red Bill says by Bit will work with the team

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Speaker 1: on cryptoliteracy by educating on the digital economy. And that's

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Speaker 1: the Bloomberg and j I T Stem report. Nathan, all right, Karen,

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Speaker 1: thanks for lying from the Bloomberg Interactive Brokers studios were

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00:36:23,680 --> 00:36:25,600
Speaker 1: at six fifty one on Wall Street, so I'm not

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00:36:25,680 --> 00:36:27,279
Speaker 1: a check what's going on in d C. Some of

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Speaker 1: the top stories in our nation's capital include the US

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Speaker 1: rejecting Russia's claims that it's pulled troops from New Ukraine,

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00:36:32,960 --> 00:36:36,200
Speaker 1: a split with Treasury Secretary Janet Yellen, slowing a White

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00:36:36,239 --> 00:36:40,480
Speaker 1: House strategy on crypto and Democrats moving to abolish the

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00:36:40,600 --> 00:36:43,719
Speaker 1: debt ceiling as Republicans voice fears over the deficit. For

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Speaker 1: more on all these stories, spring Bloomberg Government reporter Jack

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Speaker 1: Fitzpatrick joining us from our Bloomberg studios in Washington, d C. Jack,

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Speaker 1: if you could get us up to speed on the latest.

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00:36:53,440 --> 00:36:57,040
Speaker 1: There's been once again a lot of headlines crossing on

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Speaker 1: the Ukraine situation. Yeah, there has been a lot of

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Speaker 1: there's been a real extreme version of he said, she said. First,

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Speaker 1: the US has said that the Russian claims of a

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Speaker 1: pullback away from the border are false. They've said there

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Speaker 1: could be seven thousand more troops Russian troops headed towards

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Speaker 1: the border with Ukraine. That would be in addition to

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Speaker 1: the hundred fifty thousand troops UH that the President has

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00:37:20,719 --> 00:37:23,880
Speaker 1: recently referred to. For what it's worth, the UK's Defense

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Speaker 1: secretary agrees with the US assessment. UH. The Russian Foreign Ministry,

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Speaker 1: through a spokeswoman, has denied it. There is supposed to

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Speaker 1: be a more formal statement from Russia on that, probably

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Speaker 1: sometime today. And meanwhile, there's been a back and forth

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Speaker 1: sort of trading accusations on what exactly is happening in

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Speaker 1: eastern Ukraine. UH. There there was an accusation that Ukraine

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Speaker 1: had violated the ceasefire with separatists. It is worth keeping

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Speaker 1: in mind that the organization for Security and Cooperation in

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00:37:56,000 --> 00:38:00,440
Speaker 1: Europe has said there's been so much hot action in

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Speaker 1: eastern Ukraine lately that it would not necessarily be out

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Speaker 1: of the ordinary for something to have been fired. Uh.

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Speaker 1: And now Ukraine actually says that separatists. Uh, separatists shall

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Speaker 1: hit a kindergarten in Ukraine. So even as Russia says

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Speaker 1: they're they're pulling back in the use that US says

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00:38:18,680 --> 00:38:22,600
Speaker 1: they don't believe that there's sort of trading accusations. Uh,

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Speaker 1: in ways that I think the concern would be that

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Speaker 1: Russia would use the action that we're seeing in eastern

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Speaker 1: Ukraine as a justification for invasions of the US is

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00:38:33,320 --> 00:38:35,919
Speaker 1: still just as worried as ever. Yeah, it almost sounds

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Speaker 1: like information warfare before any actual shots get fired. We've

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00:38:39,800 --> 00:38:44,200
Speaker 1: also been following this, uh, widespread denial of service attack,

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Speaker 1: the cyber attack in Ukraine. We're looking ahead to a

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Speaker 1: European leaders summit later today. What are you gonna be

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00:38:49,600 --> 00:38:54,120
Speaker 1: watching for next jack? Uh? Pretty careful action. The latest

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Speaker 1: from our colleagues on the terminal is that the EU

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Speaker 1: leaders discussing this are not going to get into a

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Speaker 1: detailed discussion of sanctions and instead will focus on on

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Speaker 1: the current diplomatic efforts that we've seen so far. So

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00:39:07,920 --> 00:39:11,839
Speaker 1: there's a pretty clear effort to avoid escalation, not even

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Speaker 1: just in terms of military escalation, but trying to avoid

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Speaker 1: putting the cart before the horse when it comes to

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Speaker 1: sanctions talk. Uh, So, I would expect any news out

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Speaker 1: of that EU conversation to be very carefully worded, understood.

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00:39:25,960 --> 00:39:28,480
Speaker 1: Let's turn to domestic policy. Now, we've had some news

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Speaker 1: on why it's taken so long for the White House

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00:39:31,080 --> 00:39:36,200
Speaker 1: to roll out a crypto policy. What's the latest there, Well,

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00:39:36,280 --> 00:39:39,520
Speaker 1: there was supposed to be an executive order to guide

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00:39:39,760 --> 00:39:44,040
Speaker 1: the government's approach to crypto and crypto regulation in a

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00:39:44,160 --> 00:39:46,960
Speaker 1: more centralized way, because it really has been kind of

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00:39:47,280 --> 00:39:51,360
Speaker 1: a patchwork approach our colleagues on the terminal. The latest

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Speaker 1: reporting on that is that that effort, which was supposed

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00:39:54,160 --> 00:39:56,319
Speaker 1: to be in the form of an executive order out

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Speaker 1: of the White House, was delayed because of disagreements between

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Speaker 1: White House officials and the Treasury. In particular. UH they're

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00:40:05,560 --> 00:40:09,759
Speaker 1: reporting is the Treasury Secretary Secretary Janet Yellen thinks it

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00:40:09,920 --> 00:40:15,080
Speaker 1: is unnecessary, especially to get into a conversation about government

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00:40:15,200 --> 00:40:19,080
Speaker 1: backed crypto She would rather let the Fed and the

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00:40:19,280 --> 00:40:22,440
Speaker 1: sec continue the kind of work that they've been doing. Uh.

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00:40:22,680 --> 00:40:24,839
Speaker 1: And this was supposed something that was supposed to come

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00:40:24,880 --> 00:40:27,719
Speaker 1: to fruition sometime early this year. There was reporting a

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00:40:27,760 --> 00:40:30,120
Speaker 1: few weeks ago on this. Uh, them trying to bring

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Speaker 1: something together in terms of of an executive order, but

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Speaker 1: it's something they've struggled with, really seemingly because of divisions

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00:40:37,760 --> 00:40:42,959
Speaker 1: among the Biden administration. Alright, something worth watching. Thanks for this, Jack,

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Speaker 1: great to have you on with us this morning. That's

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00:40:44,960 --> 00:40:49,400
Speaker 1: Jack Fitzpatrick covers Congress for Bloomberg Government. And you can

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00:40:49,480 --> 00:40:52,560
Speaker 1: read much more about all these stories on Bloomberg dot

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Speaker 1: com or on the Bloomberg terminal. And as a reminder,

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Speaker 1: you can follow all the latest developments from the nation's

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00:40:58,280 --> 00:41:01,560
Speaker 1: capital on Bloomberg Radio in Washington, d C. You can

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00:41:01,640 --> 00:41:04,959
Speaker 1: hear us on Bloomberg and one oh five point seven

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00:41:05,080 --> 00:41:08,359
Speaker 1: FM HD two. Karen, all right, Nathan, it is six

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Speaker 1: fifties six on Wall Street, and this is Bloomberg Daybreak.

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00:41:11,960 --> 00:41:14,920
Speaker 1: In February is Black History Month, and every day this

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00:41:15,120 --> 00:41:18,880
Speaker 1: month we are celebrating significant moments in US black history.

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Speaker 1: Now with your installment for February seventeenth, here's Bloomberg's Ready

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00:41:23,120 --> 00:41:27,320
Speaker 1: too Young On this day in Black History, in Albert

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00:41:27,480 --> 00:41:30,920
Speaker 1: Richardson patented the butter churn up. Until then, anyone who

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00:41:31,000 --> 00:41:33,480
Speaker 1: wanted butter had to make it by hand in a bowl.

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00:41:33,880 --> 00:41:36,719
Speaker 1: But Richardson's invention would eventually make it easier to make

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00:41:36,800 --> 00:41:40,560
Speaker 1: butter and forever change the food industry. Throughout his life,

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00:41:40,640 --> 00:41:42,960
Speaker 1: Richardson had a habit of seeing a problem and then

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00:41:43,080 --> 00:41:46,120
Speaker 1: inventing a solution. One such problem he saw was the

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00:41:46,200 --> 00:41:49,080
Speaker 1: way dead people were buried at the time. It was

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00:41:49,160 --> 00:41:52,480
Speaker 1: in shallow graves or lowering caskets with ropes into a

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00:41:52,600 --> 00:41:56,320
Speaker 1: deeper hole, and this required several people to work in unison,

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00:41:56,440 --> 00:41:59,600
Speaker 1: which wasn't always possible, and it could result in damaging

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00:41:59,640 --> 00:42:03,960
Speaker 1: the cat skit. So in four Richardson patented the casket

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00:42:04,040 --> 00:42:08,320
Speaker 1: lowering device, and it's used in all cemeteries today. Richardson

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00:42:08,360 --> 00:42:11,600
Speaker 1: also invented the home fastener and insect destroyer, and an

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00:42:11,640 --> 00:42:15,200
Speaker 1: improved design of the bottle that's today in Black History,

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00:42:15,400 --> 00:42:18,680
Speaker 1: I'm reny to young Bloomberg Radio all right, Reny to

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Speaker 1: thank you, and futures are falling today SMP futures down

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00:42:22,320 --> 00:42:25,640
Speaker 1: twenty three points and down futures down one fifty nine,

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00:42:26,040 --> 00:42:29,120
Speaker 1: NASDAG futures down in nineties seven, and a ten year

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00:42:29,160 --> 00:42:32,359
Speaker 1: treasury up eleven thirty seconds yield one point in nine

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00:42:32,480 --> 00:42:34,840
Speaker 1: nine percent that yelled on the two year one point

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00:42:34,920 --> 00:42:39,600
Speaker 1: for eight percent. Bloomberg Surveillance is straight Ahead with Tom Keene,

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00:42:39,760 --> 00:42:44,280
Speaker 1: Jonathan Farrell, and Lisa Abramowitz for Nathan Hager. I'm Karen Moscow,

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00:42:44,600 --> 00:42:46,160
Speaker 1: and this is Bloomberg