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Speaker 1: Five from the Bloomberg Interactive Brooker Studios is Bloomberg Daybreak

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Speaker 1: for Monday, January two. Coming up this hour, the US

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Speaker 1: orders families of diplomats to leave Ukraine's tensions with Russia.

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Speaker 1: Mountain on Wall Street stock futures stabilized after last week's

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Speaker 1: sell off. Goldman Sachs comes out with a hawkish forecast

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Speaker 1: for FED policy, and Dr Anthony Fauci says the Omicron

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Speaker 1: outbreak could soon pee. New York City is reeling from

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Speaker 1: the deadly shooting of the police officer. Plus trial begins

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Speaker 1: with three x Minneapolis policemen involved in George Floyd's death.

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Speaker 1: Him Michael Barr More Ahead, I'm John Stash. Aaron sports

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Speaker 1: that Jays beat the Pills in an epic playoff game,

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Speaker 1: The Ram beat the Box, the Next One, the Nets,

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Speaker 1: and Devil's Law. That's all straight Ahead on Bloomberg day

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Speaker 1: Break on Bloomberg Element Trio, New York, Bloomberg one, Washington,

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Speaker 1: d C, Bloomberg one oh 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 Old on Bloomberg Radio dot Com and via

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Speaker 1: the Bloomberg business set. Good morning. I'm Nathan Hager and

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Speaker 1: I'm Karen Moscow. US futures are higher after last week's

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Speaker 1: sell off. We're coming up to five oh 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 Future is up

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Speaker 1: nine points, Dow Future is up seventy one nast DAG

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Speaker 1: Future is up twenty The decks in Germany's down one

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Speaker 1: point to percent. Ten year treasury up eight thirty seconds,

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Speaker 1: held one point seven two percent. They yield on the

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Speaker 1: two year one point one percent. Nine X screwed oil

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Speaker 1: is up three ten percent or twenty four cents at

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Speaker 1: eighty five dollars, thirty eight cents of barrel comics gold

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Speaker 1: up half percent or nine dollars eighty cents at eighteen

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Speaker 1: forty three ninety announce. The euro one point one three

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Speaker 1: two six against the dollar, the NS at one thirteen

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Speaker 1: point six one. Nathan, Karen, We'll have more on the

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Speaker 1: markets in a minute, but we begin this morning with

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Speaker 1: the latest geopolitical tensions between the White House and Moscow.

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Speaker 1: Concerns over a Russian invasion of Ukraine have the US

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Speaker 1: as taking steps to protect Americans in the country. Amy

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Speaker 1: Morris has the latest from our Bloomberg ninety nine one

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Speaker 1: newsroom in Washington. Washington ordered diplomats families to leave Ukraine.

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Speaker 1: The UK withdrawing about half of its embassy staff and

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Speaker 1: their families. EU ministers are talking with Secretary of State

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Speaker 1: Anthony B. Lincoln about next steps. They're prepared to say

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Speaker 1: that any further military aggression by Russia will have quote

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Speaker 1: massive consequences and severe costs. This as President Biden is

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Speaker 1: reportedly weighing whether to send troops to Eastern Europe to

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Speaker 1: support NATO allies. The New York Times reports that would

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Speaker 1: involve up to five thousand troops plus warships and aircraft.

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Speaker 1: In Washington, I maybe Morris Bloomberg Daybreak, Amy, thank you.

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Speaker 1: Secretary of State Anthony B. Lincoln is speaking out on

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Speaker 1: the pending conflict with Russia. He's rejecting pressure to escalate

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Speaker 1: sanctions on Moscow, saying you would limit his options in

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Speaker 1: the future. The purpose of those sanctions is to deter

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Speaker 1: Russian aggression, and so if they're if they're triggered now,

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Speaker 1: you lose the detern effect. And Anthony B. Lincoln made

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Speaker 1: the comments on PC's Meet the Press. Heard Sundays on

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Speaker 1: Bloomberg Radio. All right, let's turn back to markets now, Karen,

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Speaker 1: where we are seeing some stabilization this morning after last

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Speaker 1: week sell off. Bloomberg's John Tucker joins us live with

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Speaker 1: the details. Good morning, John, Good morning Nathan. The NASDAC

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Speaker 1: one is coming off its worst week since the start

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Speaker 1: of the pandemic in March of twenty The end of

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Speaker 1: central bank stimulus has many rethinking their outlooks. The FED

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Speaker 1: decision on Wednesday's expended to signal a March interest rate

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Speaker 1: hike and a balance sheet reduction later this year. The

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Speaker 1: US stocks have historically performed well during rate high cycles,

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Speaker 1: as a growing economy tends to support corporate profit growth.

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Speaker 1: In fact, stocks have risen at an average annualized rate

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Speaker 1: of nine percent during the twelve rate hike cycles since

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Speaker 1: the nineteen fifties. On average. Strategists also project the S

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Speaker 1: and P five hundred will finish the year just shy

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Speaker 1: of five thousand percent above Friday's closing level. Live in

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Speaker 1: New York, I'm John Tucker, Bloomberg Daybreak. All right, John,

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Speaker 1: thank you, and as we wait for Wednesday's FED decision,

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Speaker 1: One Wall Street Bank is out with a hawkish forecast.

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Speaker 1: We get the latest live from Bloomberg's Nita Young. Good morning, Nada,

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Speaker 1: Good morning, Karen Goldman. SAX economists say the FIT could

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Speaker 1: tighten policy more aggressively than anticipated their clocking rate increases

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Speaker 1: in March, June, September, and December, and for the Central

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Speaker 1: Bank to announce the start of a balance sheet reduction

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Speaker 1: in July. Goldben economists are concerned because the omicron variant

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Speaker 1: is prolonging supply demand imbalances and there's continued wage strength

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Speaker 1: and growth which could increase ongoing inflation pressures. Live in

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Speaker 1: New York, I'm gonned a Young Bloomberg daybreak, and we

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Speaker 1: need to Anticipation of tighter policy from the Fed is

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Speaker 1: also weighing on Bitcoin. That combined with where the White

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Speaker 1: Houses preparing a strategy for digital assets, had Bitcoin hit

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Speaker 1: a low of thirty four thousand over the weekend. Bitcoin

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Speaker 1: is down nearly fifty percent from its all time high

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Speaker 1: in November, and checking the cryptocurrency now, it's at thirty

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Speaker 1: four thousand five dollars. Well, Nathan, let's turn to the pandemic. Now,

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Speaker 1: US COVID cases a appear to be leveling off. And

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Speaker 1: there's hope the numbers could soon start heading south. Dr

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Speaker 1: Anthony Fauci says this surge could be nearing its peak,

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Speaker 1: but if the pattern follows the trend that we're seeing

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Speaker 1: in other places, things are looking good. We don't want

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Speaker 1: to get overconfident, but they look like they're going in

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Speaker 1: the right direction right now. Dr Fauci made the comments

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Speaker 1: on ABC's This Week Ord Sundays on Bloomberg Radio well

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Speaker 1: COVID's Front and Center in Europe. This morning Karen as

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Speaker 1: British Prime Minister Boris Johnson faces his most crucial week

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Speaker 1: in office. Let's go live to London and get the

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Speaker 1: latest from Bloomberg's You and Parts. Good Morning You, and

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Speaker 1: Good Morning Nathan and Karen. Prime Minister Boris Johnson is

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Speaker 1: awaiting the results of an inquiry JEWS report this week

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Speaker 1: into large gatherings at Downing Street during the COVID lockdowns.

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Speaker 1: It's an investigation that could lead to his own Conservative

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Speaker 1: Party colleagues ousting him as leader. Separately, the premiss also

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Speaker 1: under attack over the conduct of the senior party managers

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Speaker 1: who maintained voting discipline among lawmakers. It's not a week

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Speaker 1: that Johnson will be looking forward to live in London.

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Speaker 1: I'm you and part Sploomberg. They break you and thank you.

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Speaker 1: Back here in the US, some corporate news to get

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Speaker 1: you caught up on shares, the Coals are higher by

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Speaker 1: twenty six percent. The department store chain is fielding interests

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Speaker 1: from two potential buyers. Sources say the latest bid comes

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Speaker 1: from Sycamore Partners. Earlier, another bidder backed by Hedge fund

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Speaker 1: is Starboard Value offered nine billion dollars for Coals. Activist

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Speaker 1: investors have been pressuring Coals to sell. Peloton shares are

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Speaker 1: up two percent here in Bloomberg News has learned an

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Speaker 1: activist investor there is pushing Peloton to fire at CEO

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Speaker 1: and try to sell itself. Blackwell's Capital has less than

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Speaker 1: a five percent stake in the fitness company. Pelotons shares

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Speaker 1: have plunged more than eighty percent from their all time

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Speaker 1: high a year ago. And on the economic front, today,

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Speaker 1: Nathan a new survey shows a build up of US

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Speaker 1: inflation and labor shortages. The National Association for Business Economics

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Speaker 1: says more than half of the company's surveyed boosted prices

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Speaker 1: in the fourth quarter. That's the highest in the servey's

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Speaker 1: forty year history on top of add more than sevent

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Speaker 1: Expect higher wage costs in the next three months. Okay,

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Speaker 1: right now, S and P futures are up, but only

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Speaker 1: by about two points. STAW futures up twenty four. Nastack

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Speaker 1: futures have turned lower. Now they're down six points. The

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Speaker 1: tenure treasury is up nine thirty seconds, the yield one

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Speaker 1: point seven to per cent. Straight ahead, your latest local

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Speaker 1: headlines and a check of sports. This is Bloomberg and

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Speaker 1: it's five oh seven on Wall Street, thirty degrees in

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Speaker 1: Central Park and accident investigation as the b que closed

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Speaker 1: eastbound between thirty one and the RFK trib or a bridge.

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Speaker 1: Details coming up in Traffic. First Michael Barr 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, Michael, Good morning Nathan. New York City is

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Speaker 1: preparing delay to rest a rookie police officer killed last week.

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Speaker 1: Funeral services for twenty two year old New York City

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Speaker 1: police officer Jason Rivera are being finalized. Rivera an officer

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Speaker 1: Wilbert Mora. We're shot Friday night while answering a call

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Speaker 1: about an argument between a woman and her adult son

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Speaker 1: in Harlem More was moved in this fighting for his life.

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Speaker 1: The man police saying shot them also was wounded by

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Speaker 1: a third responding officer. New York City Mayor Eric Adams

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Speaker 1: vows to take action to address not just the latest

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Speaker 1: police shooting, but crime in general. This is a sea

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Speaker 1: of crime that's been fed by many rivers, and we

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Speaker 1: have to damn each one of those rivers, and we

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Speaker 1: have been unsuccessful to do so throughout the years. These

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Speaker 1: crimes have not thought um during my administration, to have

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Speaker 1: been here for far too long and many possible community.

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Speaker 1: Mayor Adams on CNN also mentioned another high profile crime

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Speaker 1: that occurred more than a week ago, but for the

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Speaker 1: year old woman on the subway platform in Times Square,

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Speaker 1: Michelle Go was shoved in front of an incoming train

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Speaker 1: by a mentally ill homeless man. General Leeber is the

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Speaker 1: CEO of the m t A, but a relatively small

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Speaker 1: number of mentally ill homeless, but their impact on the

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Speaker 1: subway system and on the ridership and god forbid, on

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Speaker 1: safety is proportion. The m t A S Jano Liebers

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Speaker 1: says that the fact that had happened in one of

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Speaker 1: the most iconic spots emphasizes the problem New York City faces.

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Speaker 1: Opening statements began today and the federal trial for three

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Speaker 1: former Minneapolis police officers charged with violating George Floyd's civil

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Speaker 1: rights as Derek Chauvin pinned his neck to the street.

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Speaker 1: All three are charts or failing to provide Floyd with

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Speaker 1: medical care. The adult film actress who made lawyer Michael

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Speaker 1: Avonetti famous four years ago, will be the key witness

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Speaker 1: in a New York courtroom. Prosecutors are trying to prove

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Speaker 1: Havonette echeated Stormy Daniels a three dollars in book proceeds.

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Speaker 1: Opening statements are scheduled for today. Jury selection begins today

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Speaker 1: and New York for former Alaska governor and vice presidential

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Speaker 1: candidate Sarah Palin's lawsuit against The New York Times. Palin

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Speaker 1: accuses The Times of defamation. Over seventeen editorial global news

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Speaker 1: twenty four hours a day on air and on Bloomberg

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Speaker 1: Quick Tank, powered by more than twenty se an hundred

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Speaker 1: journalist and analysts more than a hundred twenty countries. I'm

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Speaker 1: Michael bar this is Bloomberg. Nathan all right, Michael, thank you,

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Speaker 1: Almost five ten on all street time for the Bloomberg

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Speaker 1: Sports up Take. Good morning, John Stash all Right, good morning, Nathan.

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Speaker 1: Has there ever been a more exciting NFL playoff game?

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Speaker 1: In the final two minutes of regulation, twenty five points

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Speaker 1: were scored. There were three lead changes. Twice Buffalo thought

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Speaker 1: it had one with a Josh Allen touchdown past the

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Speaker 1: Gabriel Davis, who caught four on the night, kept leaving

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Speaker 1: Kansas City time even when the Bill scored a go

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Speaker 1: ahead TV with only thirteen seconds ago. Enough time for

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Speaker 1: Patrick Mahomes. Two completions got the Chiefs in position for

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Speaker 1: a game time field goal. They went to overtime. Kansas

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Speaker 1: City won the coin flip, then won the games. Looks

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Speaker 1: to throw it, pump baking right side, he wants the

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Speaker 1: cost by Keelsasa sitting one of the greatest students in

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Speaker 1: the history of the National Football League. Patrick maholl to

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Speaker 1: Travis Kelsey, Hell the push fake comeback in the Chiefs

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Speaker 1: up one. This incredible divisional playoff game forty two thirty

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Speaker 1: six Chiefs radio Mahomes best Allen in a classic QB duel.

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Speaker 1: They combined for sixty completions over seven hundred yards, seven touchdowns,

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Speaker 1: plus a hundred thirty seven rushing yard. It's Mahomes in

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Speaker 1: the Chiefs who will host Cincinnati for the a f

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Speaker 1: C Championship. Rams will host the forty Niners for the

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Speaker 1: NFC l A blew a four point lead, Tom Brady

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Speaker 1: rallied Dampa Bay to a tie. Then the Rams, helped

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Speaker 1: by a forty four yard completion, kicked the field goal

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Speaker 1: to win thirty to twenty seven. After three straight home losses,

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Speaker 1: Nick is able to beat the Clippers with the Garden

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Speaker 1: one ten, one oh two. R. J. Barrett scored twenty six.

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Speaker 1: Nick started tough week tonight in Cleveland. Nets lost in

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Speaker 1: Minnesota one thirty six. Devils lost to the King's three

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Speaker 1: to two. American Danielle Collins has reached the quarterfinals of

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Speaker 1: the Australian John Stash Award Bloomberg Sports. Nathan John thanks

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Speaker 1: futures lower, nows and p futures down two points, So

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Speaker 1: are down futures that futures lower by any points. Lori

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Speaker 1: Calvacina of RBC with us next. This is Bloomberg Blombery

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Speaker 1: Daybreak brought you by the Breakers this winter are warm,

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Speaker 1: welcome away to the Breakers is committed to making your

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Speaker 1: seaside glamour. To learn more, visit the Breakers dot Com Today, Markets,

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

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

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Speaker 1: This is a Bloomberg Business flash and I'm Cameron Moscow.

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Speaker 1: US dot Index futures have turned lower, extending last week's losses,

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Speaker 1: which was one of the worst stretches for global share

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Speaker 1: since the pandemic began. We checked the markets every fifteen

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Speaker 1: minutes throughout the trading day on Bloomberg. Right now, SMP

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Speaker 1: futures are down six points down, futures down twenty nasadack

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Speaker 1: futures down thirty seven. The decks in Germany's down one

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Speaker 1: and a half percent, CAC in Paris down one point

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Speaker 1: six percent, and the foot Sea one had write down

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Speaker 1: about one point one percent. Can your treasury up ten

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Speaker 1: thirty seconds he had one point seven two percent. That

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Speaker 1: yield on the two year one point o percent or

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Speaker 1: one percent, you could say nine Excrete oil down about

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Speaker 1: two tenths per cent or thirteen cents at eighty five

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Speaker 1: dollars a barrel. Comex school is up six tents per

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Speaker 1: cent er ten dollars twenty cents at eighteen forty four

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Speaker 1: thirty announced the euro one point one three to two

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

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Speaker 1: three and again is at one thirteen point five four.

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Speaker 1: And just checking Bitcoin this morning, moving lower. Uh, it's

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Speaker 1: at thirty three thousand, six hundred dollars. That's down almost

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Speaker 1: five percent, and that's a Bloomberg business flash. Now here's

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Speaker 1: Michael Barr with more and what's going on around the world. Uncle,

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Speaker 1: Good morning, Good morning, Karen. The US ordered family members

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Speaker 1: at its embassy in Ukraine to leave do to the

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Speaker 1: continued threat of Russian military action, while the US renewed

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Speaker 1: warnings that Russia good sent forces into Ukraine at any time.

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Speaker 1: There's word. President Joe Biden is considering deploying troops to

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Speaker 1: Eastern Europe and the Baltics. The federal trial for three

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Speaker 1: former Minneapolis police officers charged with violating George Floyd's civil

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Speaker 1: rights as Derek Chauvin pinned his neck to the street

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Speaker 1: is set to begin today with opening statements. In the NFL.

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Speaker 1: The Chiefs beat the Bills forty two thirty six that

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Speaker 1: means Kansas City faces the Bengals for the a f

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Speaker 1: C title. The Rams beat the Bucks thirty twenty seven,

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Speaker 1: Los Angeles would now face the forty Niners for the

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Speaker 1: NFC Championship. In the NBA, the Knicks, Celtics and Warriors won,

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Speaker 1: the Nets lost, NHL Action The Devil's Lost. Global News

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Speaker 1: twenty four hours a day on air and on Bloomberg

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Speaker 1: Quick Take, powered by more than twenty seven under journalist

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Speaker 1: and analysts more than a hundred twenty countries. I'm Michael

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Speaker 1: var and this is Bloomberg Nathan Alright, Michael, thanks for

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Speaker 1: coming up to five twenty on Wall Street Live from

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

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Speaker 1: we're joined down by Lori Calvacina ahead of US Equity

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Speaker 1: Strategy at RBC Capital Markets. As we see futures taking

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Speaker 1: a turn low were now, Lorie, they had been higher

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Speaker 1: just a few minutes ago actually, but now it looks

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Speaker 1: like investors think there maybe even further for this sell

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Speaker 1: off to run. When do you think we see capitulation

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Speaker 1: A Hi, Well, thanks for having me. As always, um, look,

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Speaker 1: I think if you look at the retail Investors Survey

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Speaker 1: that a AI I put that on a weekly basis. Um,

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Speaker 1: we've actually already gotten very close to deeply bearished territory.

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Speaker 1: If you look at the sort of unadjusted weekly number

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Speaker 1: from last week, it was actually very very close onto

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Speaker 1: pandemic loads. I think the netbolishness was around minus or so. UM.

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Speaker 1: And we we did see, you know, sort of the

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Speaker 1: bears climbed sharply and the bulls repeat retreat Charlie. Um.

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Speaker 1: Now when that happened in the pandemic, when we got

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Speaker 1: two similar levels, we stayed there for twelve weeks. So

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Speaker 1: that doesn't mean sentiment turns around tomorrow. UM. But I

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Speaker 1: do think a lot of the bad news, whether it's

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Speaker 1: from the FED, inflation, um, even some of the anks

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Speaker 1: were seen in terms of GIA politics, it's already taken

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Speaker 1: a pretty big toll on investor psyching. That doesn't mean

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Speaker 1: the market turns around today. Um. That it is an

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Speaker 1: important threshold to be aware of. Yeah, as you say,

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Speaker 1: there are a lot of catalysts for investors to keep

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Speaker 1: their minds on, from the FED, to earnings to these

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Speaker 1: tensions with Ukraine. Do you think that a lot of

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Speaker 1: this uh negative sentiment has further to get priced into

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Speaker 1: this market. I think that the best way to look

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Speaker 1: at this right now is through the lens of the

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Speaker 1: growth value rotation, because we do know obviously the secular

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Speaker 1: growth oriented sectors are massive weight in the S and

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Speaker 1: P five hundred, at least they have been, and so

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Speaker 1: what's bad for that trade is bad for the broader market.

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Speaker 1: And when we look at the different you know, sort

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Speaker 1: of indicators, I think about six or seven different things

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Speaker 1: we're tracking there, we do generally think that that rotation

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Speaker 1: is not done yet. And I'll give you one that

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Speaker 1: we published on this morning, which is just looking at

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Speaker 1: the valuation gap between the most expensive stocks in the

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Speaker 1: market and the cheapest stocks in the market UM. And

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Speaker 1: we've been looking at that relative ratio and where it

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Speaker 1: is relative to pre pandemic levels UM and basically it's

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Speaker 1: about fourteen percent away UM. So there is still some

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Speaker 1: winter chop. There's been a significant draw down that's happened.

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Speaker 1: We've made a lot of progress in terms of correcting

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Speaker 1: that valuation gap, but there is still more room to go.

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Speaker 1: A lot of attention obviously on the FED meeting this Wednesday,

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Speaker 1: the decision coming there. You probably heard the commentary from

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Speaker 1: Goldman Sachs saying that there is a risk that maybe

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Speaker 1: even more rate hikes than the market has priced in

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Speaker 1: at this point. What's your expectation on what we're going

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Speaker 1: to hear from Chairman Powell and the Open Market Committee

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Speaker 1: this week? So, you know, I never like to forecast

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Speaker 1: what the Fed is going to say. I leave that

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Speaker 1: to our economics team, but I will give the RBC

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Speaker 1: economics and rate strategy team a lot of critics because

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Speaker 1: they have been very, very early on the hawk is call.

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Speaker 1: They've been telling us since around Thanksgiving to be prepared

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Speaker 1: for a pretty you know, aggressive FED this year on

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Speaker 1: both in terms of the hikes this year and in

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Speaker 1: tree and they think the market is still in the

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Speaker 1: process of catching up there. I will tell you that

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Speaker 1: while our economists and rate strateg just have been prepared

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Speaker 1: for this more hawk is tilt from the FED, equity

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Speaker 1: investors U have really been playing a fierce game of

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Speaker 1: catch up. And we saw even right before the holiday

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Speaker 1: postal lapsed BERED meeting, most were most equity investors were

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Speaker 1: looking for two Q lift off. So even you know,

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Speaker 1: kind of this march timing up, equity investors have been

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Speaker 1: coming around to that UM, but there were really, you know,

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Speaker 1: sort of very very far behind where some economists and

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Speaker 1: rate strategies were on the spred call to start the

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Speaker 1: year UM. So you know, I'm hopeful that there's really

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Speaker 1: not much that's going to come out this week that's

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Speaker 1: been a surprise equity market participants. But we'll have to

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Speaker 1: see there. Obviously, this is gonna be a very busy

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Speaker 1: earnings week as well. It's been kind of uneven for

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Speaker 1: the most part in the early going. What are you

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Speaker 1: expecting when it comes to the couple hundred of SMP

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Speaker 1: companies that are going to report in our last minute

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Speaker 1: here look this week and next week or brutal we

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Speaker 1: get well over two d S and P five hundred

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Speaker 1: companies reporting. I would say so far, based on the

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Speaker 1: early reporters to focus on strong demand. It just hasn't

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Speaker 1: been the same tone as what we've heard the last

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Speaker 1: few reporting season. Labor has been a hot button issue.

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Speaker 1: I think that's replacing supply chains as the theme of

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Speaker 1: the year UM. And also a macron disruption does appear

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Speaker 1: to be does appear to have been greater than anticipated

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Speaker 1: based on some of the early reporters that we've seen

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Speaker 1: so far, so we'll look to see if that that

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Speaker 1: trend continues and what comes up in the next few weeks.

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Speaker 1: It sounds like a lot of head winds ahead as

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Speaker 1: we head into the rest of this month. Lori Calvacina,

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Speaker 1: Head of US Equity Strategy at RBC, as always, thanks

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Speaker 1: for the insights, getting a set for what could be

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Speaker 1: a very rocky trading week. As we watch futures move

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Speaker 1: lower in the pre market. SMP futures now down thirteen points,

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Speaker 1: now futures down seventy three, Nasdaq futures leading the declines

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Speaker 1: there down sixty six points. The tenure Treasury is up

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Speaker 1: ten thirty seconds now, the yield one point seven two percent,

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Speaker 1: yield on the two year one percent. Even Bitcoin now

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Speaker 1: thirty three thousand five dollars just ahead, diplomats, families ordered

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Speaker 1: from Ukraine, and a department store chain gets serious takeover interest.

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Speaker 1: All that and more as we check your top stories

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Speaker 1: of the morning, you're listening to Bloomberg Daybreak Bloomberg eleven

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Speaker 1: three oh weather sunny him your thirty five Today partly

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Speaker 1: Sunday Tomorrow with a high near forty, sunny and cold

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Speaker 1: Wednesday highs only in the mid twenties, currently thirty one

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Speaker 1: degrees in cloudy in Central Park. Broadcasting live from the

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Speaker 1: Bloomberg Interactive Broker's studio in New York, Bloomberg E Living

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Speaker 1: Free on to Washington, d C. Bloomberg to Boston, Bloomberg

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Speaker 1: one O six one, does San Francisco, Bloomberg NIM sixteen

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Speaker 1: to the Country Sirius XM Chentle one nine ten, and

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Speaker 1: around the globe the Bloomberg Business app in Bloomberg Radio

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Speaker 1: dot Com. This is Bloomberg Daybreak. It's five thirty on

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Speaker 1: Wall Street. Good morning. I'm Nathan Hagar and I'm Karen Moscow,

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Speaker 1: and we're just about four hours away from the open

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Speaker 1: of US trading. Let's get you up to date on

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Speaker 1: the news. You need to know what the shour. We

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Speaker 1: begin with the latest do political tensions between the US

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Speaker 1: and Russia. The US has ordered families of diplomats to

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Speaker 1: leave Ukraine and concerns about an invasion mount Bloomberg said.

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Speaker 1: Baxter has the very latest. The signal is that Russia

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Speaker 1: could invade at any time, and the State Department is

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Speaker 1: issuing a statement saying quote the security conditions particularly along

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Speaker 1: Ukraine's borders in Russia occupied Crimea and in Russia controlled

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Speaker 1: eastern Ukraine are unpredictable and can deteriorate with little notice.

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Speaker 1: They're also reports that the Biden administration is thinking about

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Speaker 1: sending troops into the region. In San Francisco, I'm at Baxter,

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Speaker 1: Bloomberg Daybreak, All right, and thanks. Turning to markets now,

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Speaker 1: US futures are slumping as last week's sell off look

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Speaker 1: set to continue. Let's get the very latest line from

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Speaker 1: Bloomberg's John Tucker, John Nathan. The NAZAC, coming off its

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Speaker 1: worst week since the start of the pandemic in March

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Speaker 1: of twenty, is now down over four from its November high.

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Speaker 1: The next hurdle for investors is Wednesday. That's what the

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Speaker 1: FAT is so expected to signal a March raide hike

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Speaker 1: and balance sheet reduction later this year. The end of

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Speaker 1: FED stimulus has prompted an exodus from high growth equities

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Speaker 1: right now, Basdeck features are leading their clients. They are

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Speaker 1: down right now nine points line to New York. I'm

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Speaker 1: John Tucker, Bloomberg Daybreak, All right, John, thank you, And

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Speaker 1: as we wait for Wednesday's FED decision, one Wall Street

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Speaker 1: Bank is that without hawkish forecast, we get the latest

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Speaker 1: live from Bloomberg's rand A Young Good Morning Radio, Good Morning,

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Speaker 1: Karen Goldman. SAX economists say the FIT could tighten policy

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Speaker 1: more aggressively than anticipated their clocking rates increases in March, June, September,

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Speaker 1: and December, and for the Central Bank to announce the

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Speaker 1: start of a balance sheet reduction in July. Goldmen economists

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Speaker 1: are concerned because the O Macron variant is prolonging supplied

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Speaker 1: demanding balances, and there's continued strength in wage growth, which

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Speaker 1: could together increase ongoing inflation pressures. Life in New York.

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Speaker 1: I'm gonna need a Young Bloomberg day break, all right,

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Speaker 1: we need to thanks turned to the pandemic now and

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Speaker 1: word from President Biden's chief medical advisor, Dr Anthony Faucci.

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Speaker 1: He says the omicron outbreak is headed in the right direction,

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Speaker 1: saying the surge could likely peak soon. And in corporate

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Speaker 1: news this morning, shares of coals are up almost twenty

430
00:23:14,160 --> 00:23:17,479
Speaker 1: nine percent. Sources say the department store Shane is fielding

431
00:23:17,560 --> 00:23:21,760
Speaker 1: interest from two potential buyers. And again, futures this morning

432
00:23:21,840 --> 00:23:25,240
Speaker 1: have turned lower, with SNP futures down thirteen points at

433
00:23:25,280 --> 00:23:28,800
Speaker 1: own futures down fifty eight and Nasdak futures down seventies

434
00:23:28,880 --> 00:23:31,359
Speaker 1: six straight. I had your latest local headlines, splas a

435
00:23:31,440 --> 00:23:38,840
Speaker 1: check of sports and this is Bloomberg. Thanks Karen. It's

436
00:23:38,880 --> 00:23:40,920
Speaker 1: five thirty three on Wall Street where thirty one degrees

437
00:23:40,960 --> 00:23:43,040
Speaker 1: in Central Park. We've got a crash in White Plains

438
00:23:43,080 --> 00:23:45,680
Speaker 1: East found Route eighty seven year exit eight e. Details

439
00:23:45,760 --> 00:23:48,119
Speaker 1: coming up in traffic. First Michael Barr with more on

440
00:23:48,160 --> 00:23:49,840
Speaker 1: what's going on in New York and around the world.

441
00:23:49,880 --> 00:23:52,679
Speaker 1: Good morning, Michael, Good morning Nathan. New York Governor Caffey

442
00:23:52,680 --> 00:23:55,400
Speaker 1: Hoke Will has announced a new task force involving nine

443
00:23:55,880 --> 00:23:59,399
Speaker 1: Northeast states and fighting the rise in gun violence. It

444
00:23:59,560 --> 00:24:02,480
Speaker 1: comes out to Friday shooting of two New York City

445
00:24:02,480 --> 00:24:06,040
Speaker 1: police officers. One officer, twenty two year old Jason Rivera,

446
00:24:06,200 --> 00:24:08,960
Speaker 1: was killed, the other, twenty seven year old Rulbert Mora,

447
00:24:09,320 --> 00:24:12,639
Speaker 1: is in critical condition. Mayor Eric Adams is calling on

448
00:24:12,760 --> 00:24:15,199
Speaker 1: the federal government to help curb the flow of illegal

449
00:24:15,280 --> 00:24:18,760
Speaker 1: guns into big cities. The police department is doing their

450
00:24:18,840 --> 00:24:23,160
Speaker 1: job taking thousands of guns off the streets. Yet each

451
00:24:23,200 --> 00:24:25,960
Speaker 1: time you take a gun off, there's a constant flow

452
00:24:26,119 --> 00:24:29,640
Speaker 1: of new guns coming here. Mayor Adams says the suspect

453
00:24:29,720 --> 00:24:32,680
Speaker 1: and Friday shooting was also shot by a third responding

454
00:24:32,760 --> 00:24:36,560
Speaker 1: officer and remains hospitalized. Mayor Adams also mentioned the death

455
00:24:36,640 --> 00:24:38,960
Speaker 1: of a forty year old woman on a subway platform

456
00:24:39,040 --> 00:24:42,639
Speaker 1: in Times Square that's making global headlines. Authorities say Michelle

457
00:24:42,680 --> 00:24:45,359
Speaker 1: Go was shoved in front of an incoming train by

458
00:24:45,400 --> 00:24:49,159
Speaker 1: a mentally ill homeless man. M t A CEO General

459
00:24:49,280 --> 00:24:51,440
Speaker 1: Leber's has the fact that this happened in one of

460
00:24:51,480 --> 00:24:55,040
Speaker 1: the city's most iconic spots emphasizes the problem New York

461
00:24:55,080 --> 00:24:57,480
Speaker 1: City faces. Right in the middle of our city. What

462
00:24:57,600 --> 00:25:00,639
Speaker 1: could be more the center of the city and of

463
00:25:00,760 --> 00:25:03,960
Speaker 1: the world then Times Square, For this to happen is

464
00:25:04,119 --> 00:25:08,639
Speaker 1: just unthinkable, unacceptable. I called it unconscionable. There are no words.

465
00:25:09,320 --> 00:25:11,520
Speaker 1: We have to do something about it, the m t

466
00:25:11,640 --> 00:25:14,840
Speaker 1: a's General Leber says, though, while the issue is atypical

467
00:25:14,960 --> 00:25:17,960
Speaker 1: for the city, it's being failed acutely in this time

468
00:25:18,040 --> 00:25:21,520
Speaker 1: of COVID. The federal trial for three former Minneapolis police

469
00:25:21,560 --> 00:25:25,119
Speaker 1: officers charged with violating George Floyd's civil rights is Dark

470
00:25:25,200 --> 00:25:28,000
Speaker 1: Chauvin Pin the Black Man's Neck to the Street, is

471
00:25:28,000 --> 00:25:30,800
Speaker 1: set to begin today with opening statements. All three are

472
00:25:30,960 --> 00:25:34,240
Speaker 1: charged with the depriving Floyd of his civil rights while

473
00:25:34,320 --> 00:25:39,400
Speaker 1: acting under government authority. Disgraced attorney Michael Avanati will stand

474
00:25:39,520 --> 00:25:42,320
Speaker 1: trial today in New York on charges he cheated his client.

475
00:25:42,720 --> 00:25:46,480
Speaker 1: Federal prosecutors said Avanade stole the advance on Stormy daniels

476
00:25:46,480 --> 00:25:50,879
Speaker 1: teen memoir about her long denied affair with former President Trump.

477
00:25:51,200 --> 00:25:53,560
Speaker 1: Global News twenty four hours a day on air and

478
00:25:53,760 --> 00:25:56,840
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven under

479
00:25:56,920 --> 00:25:59,960
Speaker 1: journalists and analysts more than a hundred twenty countries. Michael Barr,

480
00:26:00,119 --> 00:26:07,640
Speaker 1: this is Bloomberg, Nathan. Thanks Michael five on Wall Street

481
00:26:07,680 --> 00:26:10,439
Speaker 1: time for the Bloomberg Sports Update. After a wild football weekend.

482
00:26:10,560 --> 00:26:13,359
Speaker 1: Here's yeah, Nathan, I don't know that we've ever had

483
00:26:13,400 --> 00:26:15,639
Speaker 1: a weekend quite like that. All four games won on

484
00:26:15,720 --> 00:26:18,560
Speaker 1: the final play, three road teams won on game ending

485
00:26:18,600 --> 00:26:20,840
Speaker 1: field goals, and then the Bills in Chiefs in a

486
00:26:20,960 --> 00:26:23,680
Speaker 1: game for the age of twenty five point scored in

487
00:26:23,800 --> 00:26:26,840
Speaker 1: the last two minutes of regulation, three lead changes, including

488
00:26:26,840 --> 00:26:30,320
Speaker 1: Buffaloes go ahead TV with only thirteen seconds left, Kansas

489
00:26:30,359 --> 00:26:32,239
Speaker 1: City still able to tie the game on a lot

490
00:26:32,240 --> 00:26:34,920
Speaker 1: of second field goal. They beat the Bills forty two

491
00:26:35,119 --> 00:26:37,840
Speaker 1: thirty six in overtime. The Chiefs will host the ANFC

492
00:26:37,960 --> 00:26:41,000
Speaker 1: championship game for the fourth funeral, they'll take on the Bengals.

493
00:26:41,080 --> 00:26:43,480
Speaker 1: The Rams beat the Bucks thirty to twenty seven on

494
00:26:43,520 --> 00:26:46,160
Speaker 1: a field goal that came after Tampa Bay rally from

495
00:26:46,200 --> 00:26:48,960
Speaker 1: twenty four points down to tie the game. Tom Brady

496
00:26:49,400 --> 00:26:52,240
Speaker 1: nearly pulled off an epic comeback, but not quite. At

497
00:26:52,280 --> 00:26:54,040
Speaker 1: the end, there's only one team that's gonna be happy.

498
00:26:55,080 --> 00:26:57,000
Speaker 1: It feels good to move on when you move on,

499
00:26:57,119 --> 00:27:00,240
Speaker 1: and obviously when you don't, uh, you know, there was

500
00:27:00,320 --> 00:27:02,440
Speaker 1: last week or this week, for next week or the

501
00:27:02,520 --> 00:27:04,679
Speaker 1: week after, two weeks after that. After the loser NET

502
00:27:04,720 --> 00:27:07,480
Speaker 1: game at all, it all sucks to lose me. And

503
00:27:07,600 --> 00:27:09,879
Speaker 1: asked if he's now going to retire, Brady said he

504
00:27:09,960 --> 00:27:12,040
Speaker 1: will take it day by day. The Rams, after winning

505
00:27:12,040 --> 00:27:13,920
Speaker 1: on the road, now go home to play the forty

506
00:27:13,960 --> 00:27:16,000
Speaker 1: Niners for the NFC title, and they could then just

507
00:27:16,080 --> 00:27:18,320
Speaker 1: stay in l A for the Super Bowl. Nick's home

508
00:27:18,359 --> 00:27:20,359
Speaker 1: standards over. They lost the first three but beat the

509
00:27:20,400 --> 00:27:23,800
Speaker 1: Clippers one ten one oh two picks was finally a

510
00:27:23,920 --> 00:27:26,119
Speaker 1: solid start thirty nine points of the first quarter. They

511
00:27:26,160 --> 00:27:28,439
Speaker 1: never trailed. R J. Barratt twenty six points, fourteen rebounds.

512
00:27:28,520 --> 00:27:30,880
Speaker 1: Nick's played tonight in Cleveland, then they go to Miami,

513
00:27:31,000 --> 00:27:33,120
Speaker 1: then Milwaukee, so they'll play three at the top five

514
00:27:33,160 --> 00:27:36,000
Speaker 1: in the East in Minnesota. Thirty points for Kyrie Irvy

515
00:27:36,080 --> 00:27:39,120
Speaker 1: not ed off and that's lost five. The Devil's beaten

516
00:27:39,119 --> 00:27:41,920
Speaker 1: by the King's three to two Daniel Medvedev into the

517
00:27:42,000 --> 00:27:45,920
Speaker 1: quarterfinals of the Austville You know, John Stash Bloomberg's Howard Sneakers.

518
00:27:46,160 --> 00:27:48,760
Speaker 1: Thanks John seven on Wall Street Time for the Tri

519
00:27:48,880 --> 00:27:52,280
Speaker 1: State Business Report with Bloomberg's head. Corey employees in an

520
00:27:52,440 --> 00:27:55,840
Speaker 1: r EI store in Manhattan filed for a union election

521
00:27:55,960 --> 00:27:59,440
Speaker 1: on Friday. That makes the outdoor equipment an apparel retailer

522
00:27:59,560 --> 00:28:03,240
Speaker 1: the latest prominent service industry employer whose workers have sought

523
00:28:03,320 --> 00:28:07,760
Speaker 1: to unionize. The Time says employees sided safety during the pandemic,

524
00:28:07,800 --> 00:28:11,520
Speaker 1: among other concerns in their filing. New York sports books

525
00:28:11,600 --> 00:28:14,200
Speaker 1: took more than six hundred million dollars worth of bets

526
00:28:14,280 --> 00:28:17,119
Speaker 1: from phones or computers in the first two weeks of

527
00:28:17,200 --> 00:28:20,480
Speaker 1: the activity being legal this month. The numbers posted by

528
00:28:20,520 --> 00:28:23,280
Speaker 1: the New York State Gaming Commission came from fan Duel,

529
00:28:23,680 --> 00:28:28,880
Speaker 1: Draft Kings, Caesar's, and Rush Street interactive. Connecticut Governor Ned

530
00:28:28,960 --> 00:28:32,440
Speaker 1: Lamont's administrations has it plans to require all nursing home

531
00:28:32,560 --> 00:28:36,640
Speaker 1: visitors to show proof of COVID nineteen vaccinations or show

532
00:28:36,720 --> 00:28:40,600
Speaker 1: a recent negative test before entering. Currently, visitors have to

533
00:28:40,680 --> 00:28:44,120
Speaker 1: show that they have received COVID nineteen vaccine or booster

534
00:28:44,760 --> 00:28:47,920
Speaker 1: at your Bloomberg tries fake business report. I'm Ed Corey.

535
00:28:48,080 --> 00:28:50,440
Speaker 1: Thanks that it's five thirty eight on Wall Street. Bloomberg

536
00:28:50,520 --> 00:28:52,800
Speaker 1: Radio is on the air from San Francisco to New York,

537
00:28:52,880 --> 00:28:55,240
Speaker 1: London to Hong Kong. Let's check in with our global

538
00:28:55,280 --> 00:28:57,040
Speaker 1: news team for some of the top stories heard on

539
00:28:57,120 --> 00:29:02,880
Speaker 1: our three hundred affiliate radio stations around the world. Um

540
00:29:02,960 --> 00:29:05,840
Speaker 1: Corney Donaho on kat R H in Houston. Boris and

541
00:29:06,000 --> 00:29:10,000
Speaker 1: Jim's bustling as Americans aren't a little COVID. I'm Gina

542
00:29:10,120 --> 00:29:13,160
Speaker 1: Servetti and for w w BBM in Chicago, we're talking

543
00:29:13,240 --> 00:29:16,760
Speaker 1: about some of the locally based companies reporting earnings this week.

544
00:29:17,400 --> 00:29:20,320
Speaker 1: I'm Caroline Hefell, Blue Bag, Dab dish Adium. In London.

545
00:29:20,360 --> 00:29:23,200
Speaker 1: We're reporting on the most critical week of Boris Johnson's

546
00:29:23,240 --> 00:29:26,400
Speaker 1: premiership as we await the report into alleged downing Street

547
00:29:26,480 --> 00:29:31,880
Speaker 1: parties and now allegations of Islamophobia against the Conservatives. I'm

548
00:29:31,920 --> 00:29:34,520
Speaker 1: a gory on w T A M in Cleveland. I'm

549
00:29:34,600 --> 00:29:38,640
Speaker 1: reporting the move of devil Nicksdorff's headquarters the Hudson Who's

550
00:29:38,680 --> 00:29:41,400
Speaker 1: almost complete, and those are some of the stories. Are

551
00:29:42,040 --> 00:29:44,760
Speaker 1: hundred Bloomberg journalists and analysts are working on this morning

552
00:29:44,840 --> 00:29:47,400
Speaker 1: around the world. It's five thirty nine on Wall Street.

553
00:29:47,720 --> 00:29:51,800
Speaker 1: The following is an editorial from Bloomberg Opinion. China is

554
00:29:51,880 --> 00:29:56,479
Speaker 1: the last major nation pursuing zero tolerance COVID strategy, seeking

555
00:29:56,520 --> 00:29:59,720
Speaker 1: to extinguish outbreaks of the virus as soon as individual

556
00:29:59,800 --> 00:30:04,360
Speaker 1: king emerge, but the highly transmissible Omicron variant is testing

557
00:30:04,560 --> 00:30:08,440
Speaker 1: the government's approach. Chinese officials have adopted strict measures to

558
00:30:08,560 --> 00:30:12,560
Speaker 1: control emerging infections, such as locking down entire cities and

559
00:30:12,720 --> 00:30:16,440
Speaker 1: mass testing millions of people, but O Macron has nevertheless

560
00:30:16,800 --> 00:30:21,360
Speaker 1: spread to China's largest population centers. That includes Beijing, which

561
00:30:21,440 --> 00:30:24,440
Speaker 1: is hosting the Winter Olympics in a few weeks. Given

562
00:30:24,480 --> 00:30:28,080
Speaker 1: how fast this latest COVID strain travels, China has little

563
00:30:28,200 --> 00:30:31,680
Speaker 1: chance of keeping case numbers low. Meanwhile, the human and

564
00:30:31,760 --> 00:30:35,600
Speaker 1: financial costs of over zealous lockdowns are mounting and public

565
00:30:35,680 --> 00:30:39,520
Speaker 1: patients is wearing thin. China will probably have to abandon

566
00:30:39,720 --> 00:30:43,320
Speaker 1: its zero COVID policies at some point, perhaps sooner rather

567
00:30:43,400 --> 00:30:46,360
Speaker 1: than later. This editorial was written by the Bloomberg Opinion

568
00:30:46,520 --> 00:30:50,240
Speaker 1: Editorial Board. I'm David Shipley. For more Bloomberg Opinion place,

569
00:30:50,280 --> 00:30:53,200
Speaker 1: go to Bloomberg dot com, slash Opinion or OPA and

570
00:30:53,280 --> 00:30:56,880
Speaker 1: go on the Bloomberg terminal. These has been Bloomberg Opinion.

571
00:30:57,040 --> 00:30:59,880
Speaker 1: You can hear Bloomberg opinion editorials every weekday. At this time,

572
00:31:00,080 --> 00:31:02,320
Speaker 1: terminal customers can read more at O P I n GO.

573
00:31:02,840 --> 00:31:05,720
Speaker 1: SMP futures are now down fifteen points down futures and

574
00:31:05,880 --> 00:31:09,120
Speaker 1: Nasdaq futures both down eighty points. The ten your treasury

575
00:31:09,200 --> 00:31:11,720
Speaker 1: is up nine thirty seconds, the yield one point seven

576
00:31:11,800 --> 00:31:13,640
Speaker 1: to percent. The yield on the two year right now

577
00:31:14,040 --> 00:31:23,120
Speaker 1: one percent. Even you're listening to Bloomberg, gave break Bloomberg

578
00:31:23,120 --> 00:31:24,960
Speaker 1: eleven three oh weather, sunshine and a high in the

579
00:31:25,040 --> 00:31:27,280
Speaker 1: mid thirties today. We'll get up to near forty, partly

580
00:31:27,320 --> 00:31:30,080
Speaker 1: sunny tomorrow, sunny and cold for Wednesday, with the high

581
00:31:30,160 --> 00:31:32,640
Speaker 1: only in your twenty five degrees currently thirty one and

582
00:31:32,760 --> 00:31:39,960
Speaker 1: cloudy in Central Park markets, headlines and breaking news twenty

583
00:31:40,000 --> 00:31:42,800
Speaker 1: four hours a day at Bloomberg dot Com, Blo Bloomberg

584
00:31:42,880 --> 00:31:45,800
Speaker 1: Business apt and at Bloomberg Quick Tape He's He's a

585
00:31:45,840 --> 00:31:55,760
Speaker 1: Bloomberg Business Flash and I'm fair at Moscow. European equities

586
00:31:55,800 --> 00:31:59,200
Speaker 1: are following US Dot Index futures reversed their gains and

587
00:31:59,240 --> 00:32:02,560
Speaker 1: are lower as well as the rotten technology stocks deepens

588
00:32:02,600 --> 00:32:05,680
Speaker 1: and make concerns over the federal reserves imminent rate liftoff

589
00:32:06,200 --> 00:32:08,640
Speaker 1: bonds are gaining. We checked the markets every fifteen minutes

590
00:32:08,640 --> 00:32:11,719
Speaker 1: throughout the trading day on Bloomberg. Right now, SMP futures

591
00:32:11,760 --> 00:32:13,760
Speaker 1: are down about twenty points down. Future has got a

592
00:32:13,840 --> 00:32:17,200
Speaker 1: hundred fourteen NASDAG features down ninety five. The decks in

593
00:32:17,240 --> 00:32:19,600
Speaker 1: Germany's down one point nine per cent, The ten year

594
00:32:19,640 --> 00:32:22,240
Speaker 1: treasury up nine thirty seconds, held one point seven two

595
00:32:22,320 --> 00:32:24,520
Speaker 1: per cent, and they yield on the two year point

596
00:32:24,640 --> 00:32:27,160
Speaker 1: nine nine percent. Nine night Screwed oil is down at

597
00:32:27,160 --> 00:32:29,440
Speaker 1: third cent or twenty eight cents at eighty four dollars

598
00:32:29,480 --> 00:32:31,959
Speaker 1: eighty five cents of barrel comex Scold up four ten

599
00:32:32,080 --> 00:32:34,680
Speaker 1: percent or seven dollars ten cents at eighteen forty one.

600
00:32:34,720 --> 00:32:37,600
Speaker 1: Twenty announced the euro one point one three one six

601
00:32:37,680 --> 00:32:40,280
Speaker 1: against the dollar. British found one point three four nine seven.

602
00:32:40,400 --> 00:32:43,280
Speaker 1: The ends at one thirteen point six seven. Bitcoin this

603
00:32:43,480 --> 00:32:46,800
Speaker 1: morning is falling as well. It's at about thirty three thousand,

604
00:32:46,880 --> 00:32:49,840
Speaker 1: six hundred eighty dollars. That's a Bloomberg business flash. Now

605
00:32:49,920 --> 00:32:52,720
Speaker 1: here's Michael Barr with Moore unless going on around the world.

606
00:32:52,840 --> 00:32:55,800
Speaker 1: Michael Karen, thank you very much. The State Department is

607
00:32:55,920 --> 00:32:58,840
Speaker 1: ordering the families of all American personnel at the US

608
00:32:58,880 --> 00:33:02,600
Speaker 1: Embassy in Kiev to leave the country and allow non

609
00:33:02,720 --> 00:33:06,479
Speaker 1: essential staff to leave Ukraine. The move comes amn heightened

610
00:33:06,560 --> 00:33:09,800
Speaker 1: fears of a Russian invasion of Ukraine, the spite talks

611
00:33:10,040 --> 00:33:13,400
Speaker 1: between the US and Russian officials. When of President Trump's

612
00:33:13,400 --> 00:33:15,840
Speaker 1: strongest defenders is sent to have talked to the House

613
00:33:15,840 --> 00:33:21,240
Speaker 1: Select Committee investigating the January sixth capital attack, the chairman

614
00:33:21,320 --> 00:33:25,240
Speaker 1: of the committee says former President Trump's Attorney General, William Barr,

615
00:33:25,480 --> 00:33:28,120
Speaker 1: has spoken to the panel. In the NFL, the Chiefs

616
00:33:28,200 --> 00:33:31,280
Speaker 1: beat the Bills for thirty six and that means Kansas

617
00:33:31,320 --> 00:33:34,040
Speaker 1: City faces the Bengals for the a f C title.

618
00:33:34,320 --> 00:33:37,320
Speaker 1: The Rams beat the Bucks thirty twenty seven. Los Angeles

619
00:33:37,640 --> 00:33:41,000
Speaker 1: now faces the forty nine ers for the NFC Championship.

620
00:33:41,400 --> 00:33:43,960
Speaker 1: In the NBA, the Knicks, Celtics and Warriors won. The

621
00:33:44,080 --> 00:33:47,760
Speaker 1: Nets lost in the NHL The Devil's Lost. Global News

622
00:33:47,840 --> 00:33:51,360
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,

623
00:33:51,680 --> 00:33:54,800
Speaker 1: powered by more than twenty seven under journalist and analyst

624
00:33:55,040 --> 00:33:57,400
Speaker 1: in more than a hundred twenty countries. Michael Bar This

625
00:33:57,600 --> 00:34:01,120
Speaker 1: is Bloomberg, Nathan, Thanks Michael. On Wall Street Life from

626
00:34:01,120 --> 00:34:04,360
Speaker 1: the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, and

627
00:34:04,440 --> 00:34:06,120
Speaker 1: we want to get the latest now on what's happening

628
00:34:06,160 --> 00:34:10,240
Speaker 1: in Ukraine. Bloomberg's executive editor for International Relations, Rosalind Matheson

629
00:34:10,680 --> 00:34:13,319
Speaker 1: is with us now Rose. As we heard from Michael Barr,

630
00:34:13,480 --> 00:34:17,200
Speaker 1: the State Department has ordered families of diplomats out of Kiev,

631
00:34:17,280 --> 00:34:19,399
Speaker 1: and now NATO this morning is saying it's got extra

632
00:34:19,480 --> 00:34:22,680
Speaker 1: forces on standby, sending more ships and fighter jets to

633
00:34:22,800 --> 00:34:26,840
Speaker 1: Eastern Europe as well. It seems like things are close

634
00:34:27,080 --> 00:34:31,560
Speaker 1: to a boiling point, are they. Well. You can see

635
00:34:31,680 --> 00:34:34,600
Speaker 1: that there's a heightened level of concerns, certainly about the

636
00:34:34,680 --> 00:34:37,440
Speaker 1: fact that Russia is sustaining its military build up on

637
00:34:37,480 --> 00:34:39,919
Speaker 1: the border with Ukraine. It's been doing that for many

638
00:34:40,000 --> 00:34:44,160
Speaker 1: weeks now, no indication that intends to reverse that, and

639
00:34:44,280 --> 00:34:47,240
Speaker 1: certainly Russia is waiting for what expects to the US

640
00:34:47,320 --> 00:34:50,759
Speaker 1: written proposals this week on its security demands. But in

641
00:34:50,840 --> 00:34:53,720
Speaker 1: the mix of all of that, concerns are definitely rising.

642
00:34:53,840 --> 00:34:57,279
Speaker 1: You're seeing that Eastern European nations are anxious about their

643
00:34:57,320 --> 00:35:00,680
Speaker 1: exposure to Russia. They're calling on NATO others to send

644
00:35:00,719 --> 00:35:04,200
Speaker 1: more troops to their countries. Already are NATO and US

645
00:35:04,239 --> 00:35:07,880
Speaker 1: troops of course in the area and frequent exercises, but

646
00:35:08,000 --> 00:35:10,160
Speaker 1: certainly NATO in the US want to send the message

647
00:35:10,239 --> 00:35:12,719
Speaker 1: that they're there in the region, they're committed, and they're

648
00:35:12,719 --> 00:35:14,480
Speaker 1: going to do it in a very visible way by

649
00:35:14,560 --> 00:35:17,360
Speaker 1: having increased exercises and troops on the ground in the

650
00:35:17,440 --> 00:35:21,960
Speaker 1: coming weeks. What about that move from the US expected

651
00:35:22,040 --> 00:35:25,719
Speaker 1: to send written responses to Russia over its demands for

652
00:35:25,920 --> 00:35:28,359
Speaker 1: security guarantees. Do we have a timeline and when that's

653
00:35:28,400 --> 00:35:32,360
Speaker 1: going to happen. All we know is that after the

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00:35:32,440 --> 00:35:34,560
Speaker 1: meeting between the U s Secretary of State and his

655
00:35:34,680 --> 00:35:38,440
Speaker 1: Russian counterpart into Never last week, the Russians said that

656
00:35:38,480 --> 00:35:41,440
Speaker 1: they expect to get those written proposals this week. At

657
00:35:41,520 --> 00:35:43,440
Speaker 1: some point, the key question is what is actually going

658
00:35:43,520 --> 00:35:46,520
Speaker 1: to be in them. Of course, Russia is demanding and

659
00:35:46,560 --> 00:35:49,400
Speaker 1: guarantees on NATO that the US and NATO say they

660
00:35:49,480 --> 00:35:52,839
Speaker 1: simply cannot give, So his main demands cannot be met

661
00:35:53,280 --> 00:35:55,439
Speaker 1: either way. So what you could see is the US

662
00:35:55,520 --> 00:35:59,120
Speaker 1: proposing things, for example, like greater communication between on the

663
00:35:59,160 --> 00:36:02,600
Speaker 1: military side, way to coordination when they're doing exercises in

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00:36:02,680 --> 00:36:06,680
Speaker 1: the region, and perhaps re re energizing the conversation around

665
00:36:06,719 --> 00:36:09,440
Speaker 1: the I n S. Of course, that's the weapons treated

666
00:36:09,480 --> 00:36:12,520
Speaker 1: that was put on ice under the Trump administration, So

667
00:36:12,640 --> 00:36:16,680
Speaker 1: committing to not putting new weaponry on Russia's doorstep. Those

668
00:36:16,719 --> 00:36:18,520
Speaker 1: are probably the only two things that can put on

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00:36:18,600 --> 00:36:21,920
Speaker 1: the table. And we heard from Secretary of State Anthony

670
00:36:22,000 --> 00:36:24,920
Speaker 1: Blincoln over the weekend being asked questions about whether the

671
00:36:25,120 --> 00:36:28,080
Speaker 1: U s should impose sanctions on Russia. Now, who's sort

672
00:36:28,120 --> 00:36:30,399
Speaker 1: of backing off that idea, saying it sort of gives

673
00:36:30,480 --> 00:36:33,840
Speaker 1: the US leverage over Russia at this point, Do we

674
00:36:33,920 --> 00:36:37,120
Speaker 1: have an idea whether the US and NATO are on

675
00:36:37,239 --> 00:36:40,160
Speaker 1: the same page now when it comes to how to

676
00:36:40,239 --> 00:36:46,680
Speaker 1: react to certain levels of Russian aggression against Ukraine. Well,

677
00:36:46,719 --> 00:36:49,520
Speaker 1: that's a real question. What does sanctions actually look like.

678
00:36:49,719 --> 00:36:53,759
Speaker 1: You're seeing real differences between European nations amongst themselves on

679
00:36:53,840 --> 00:36:56,359
Speaker 1: that question. How hard would you want to go economically

680
00:36:56,719 --> 00:36:59,720
Speaker 1: against Russia? Because of course any sanctions produce a collateral

681
00:36:59,800 --> 00:37:02,960
Speaker 1: damage on yourself, particularly in Europe, and there's always the

682
00:37:03,040 --> 00:37:06,200
Speaker 1: chance that Russia then turns off gas supplies to Europe,

683
00:37:06,200 --> 00:37:09,400
Speaker 1: So you've got those differences. Europe also says that sanctions

684
00:37:09,400 --> 00:37:12,120
Speaker 1: should not be a deterrent. You can only decide them

685
00:37:12,160 --> 00:37:14,400
Speaker 1: and agree upon them when someone takes an action, when

686
00:37:14,400 --> 00:37:17,440
Speaker 1: someone actually does something, and then there are penalty. The

687
00:37:17,600 --> 00:37:19,640
Speaker 1: US of course would like to have that package agreed

688
00:37:19,719 --> 00:37:22,200
Speaker 1: soon or later. Even if it's not used, it's still

689
00:37:22,280 --> 00:37:25,080
Speaker 1: they're hanging out. There is a deterrent for Russia, So

690
00:37:25,160 --> 00:37:28,240
Speaker 1: you've got real differences about how to tackle that, let alone,

691
00:37:28,480 --> 00:37:32,160
Speaker 1: What would what sort of action would quantify a response?

692
00:37:32,280 --> 00:37:34,720
Speaker 1: Is it a small incursion? Is it a cyber attack?

693
00:37:34,880 --> 00:37:38,279
Speaker 1: Is it destabilization inside Ukraine? Is it a four war?

694
00:37:38,400 --> 00:37:41,040
Speaker 1: Is at the only point at which sanctions are used?

695
00:37:41,080 --> 00:37:43,879
Speaker 1: So many many points of difference possibly emerging on all

696
00:37:43,920 --> 00:37:46,440
Speaker 1: of that. Thanks for this Rose, good having you on

697
00:37:46,520 --> 00:37:49,520
Speaker 1: with US Rosalind Matheson as our executive editor for International

698
00:37:49,600 --> 00:37:53,200
Speaker 1: Government for Bloomberg News. Karen Nathan, thank you, and as

699
00:37:53,200 --> 00:37:54,840
Speaker 1: far as to do three on Wall Street time for

700
00:37:54,880 --> 00:37:57,520
Speaker 1: the Bloomberg Law Report. It has brought to you by

701
00:37:57,560 --> 00:38:02,000
Speaker 1: American Arbitration Association. Since disputes are inevitable, were solved faster

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Speaker 1: with the American Arbitration Association, the global leader in alternative

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Speaker 1: dispute resolution for over ninety years. More an a d

704
00:38:08,880 --> 00:38:11,279
Speaker 1: R dot org. Let's get to the legal stories we're

705
00:38:11,360 --> 00:38:18,400
Speaker 1: watching this morning from Bloomberg's Jeff Bellinger. Oscious as the

706
00:38:18,480 --> 00:38:22,279
Speaker 1: new COVID nineteen standard to protect healthcare workers should be

707
00:38:22,360 --> 00:38:25,640
Speaker 1: completed in six to nine months. A federal judge in

708
00:38:25,719 --> 00:38:29,480
Speaker 1: West Virginia rule that Walmart must resume litigating a class

709
00:38:29,520 --> 00:38:32,960
Speaker 1: action in the state. The case stems from a one

710
00:38:33,080 --> 00:38:36,920
Speaker 1: data breach involving thousands of pharmacy patients. The New York

711
00:38:36,960 --> 00:38:40,600
Speaker 1: State Bar Association endorsed a scaling back of law enforcement

712
00:38:40,680 --> 00:38:44,239
Speaker 1: checks on law school graduates we're seeking to become attorneys.

713
00:38:44,440 --> 00:38:49,280
Speaker 1: Bloomberg Law everything you need, all on one legal research platform,

714
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Speaker 1: including guidance analysis and Bloomberg Market Intelligence. Find out more.

715
00:38:54,120 --> 00:38:58,319
Speaker 1: At Bloomberg Law dot com. Right, Jeff, thank you. Now

716
00:38:58,400 --> 00:39:01,439
Speaker 1: another legal story we're watching brings us to the Supreme Court.

717
00:39:01,640 --> 00:39:04,520
Speaker 1: Justice has seemed poised as side with Republican Senator Ted

718
00:39:04,600 --> 00:39:08,239
Speaker 1: Cruz and has challenged to a campaign finance provision regulating

719
00:39:08,280 --> 00:39:11,840
Speaker 1: the repayment of candidate loans. Cruise acknowledges he structured as

720
00:39:11,920 --> 00:39:14,480
Speaker 1: finances so that he could challenge the two fifty thou

721
00:39:14,640 --> 00:39:17,080
Speaker 1: dollar cap on the amount of personal loans that candidate

722
00:39:17,120 --> 00:39:20,000
Speaker 1: can be repaid with money raised after an election. For

723
00:39:20,080 --> 00:39:23,120
Speaker 1: more in the case, Bloomberg student Grosses baks to Richard Ball,

724
00:39:23,280 --> 00:39:27,480
Speaker 1: a professor at Columbia Law School, these campaign finance provisions

725
00:39:27,680 --> 00:39:30,680
Speaker 1: are a little technical tell us about the provision and

726
00:39:30,760 --> 00:39:35,120
Speaker 1: issue here. So a certain Cruise is challenging thoroughly minor

727
00:39:35,160 --> 00:39:38,920
Speaker 1: provision with federal election law which deals with candidates who

728
00:39:39,040 --> 00:39:42,520
Speaker 1: lend their own campaigns money and then want to get

729
00:39:42,600 --> 00:39:45,320
Speaker 1: that loan paid back by the campaign after the election

730
00:39:45,480 --> 00:39:50,120
Speaker 1: is over. The sunder Cruise lent his campaign jour. Under

731
00:39:50,239 --> 00:39:53,560
Speaker 1: the law, he can be paid back in full any

732
00:39:53,640 --> 00:39:58,359
Speaker 1: money the campaign receives before election day, and also any

733
00:39:58,440 --> 00:40:01,360
Speaker 1: money off the tuners. The fifties thousand dollars that the

734
00:40:01,440 --> 00:40:05,560
Speaker 1: campaign receives after election day. The law says that you

735
00:40:05,719 --> 00:40:09,000
Speaker 1: can't be paid back beyond the two and fifty thousand

736
00:40:09,080 --> 00:40:12,719
Speaker 1: dollars with any money that comes in after election day.

737
00:40:12,960 --> 00:40:15,800
Speaker 1: It seemed like there was a divide between the liberal

738
00:40:15,960 --> 00:40:21,399
Speaker 1: and conservative justices. What were the conservative justices concerned about. Well,

739
00:40:21,440 --> 00:40:25,200
Speaker 1: the conservative justices still see this as an indirect but

740
00:40:25,440 --> 00:40:28,520
Speaker 1: real limit on the ability of the candidate to campaign.

741
00:40:28,960 --> 00:40:32,520
Speaker 1: That candidates will be reluctant to advanced money to their

742
00:40:32,600 --> 00:40:36,600
Speaker 1: campaigns if they can't get silly reimbursed. So one point

743
00:40:36,680 --> 00:40:40,040
Speaker 1: they make is that this operates as an indirect kind

744
00:40:40,120 --> 00:40:42,880
Speaker 1: of limit on the ability of candidates to raise and

745
00:40:42,960 --> 00:40:46,560
Speaker 1: spend money. A second point that's raised by some of them,

746
00:40:46,600 --> 00:40:49,800
Speaker 1: I think Justice Kavana on particular, was, you know the

747
00:40:50,280 --> 00:40:54,520
Speaker 1: law still cap the amount of donations that a donor

748
00:40:54,640 --> 00:40:57,200
Speaker 1: could give to the campaign to pay back to candidate.

749
00:40:57,640 --> 00:41:01,200
Speaker 1: That cap is the cap that would apply. And in fact,

750
00:41:01,239 --> 00:41:03,880
Speaker 1: that part of the or argument was eighty six people

751
00:41:04,080 --> 00:41:08,400
Speaker 1: could give that permissible dollars. That's how you get dollars.

752
00:41:08,680 --> 00:41:14,000
Speaker 1: If six people could give the to pay back the loan,

753
00:41:15,000 --> 00:41:19,200
Speaker 1: why not why not the next person? And that's the issue.

754
00:41:19,600 --> 00:41:22,080
Speaker 1: As long as there's a cap on the size of

755
00:41:22,200 --> 00:41:25,480
Speaker 1: the donation to the campaign committee, they don't see a

756
00:41:25,480 --> 00:41:30,080
Speaker 1: corruption issue. Let's talk about the Liberals and what their

757
00:41:30,320 --> 00:41:33,640
Speaker 1: position seemed to be. Well, and I think justices side

758
00:41:33,680 --> 00:41:36,200
Speaker 1: of my Erran Kagan were clearest on this, which is

759
00:41:36,239 --> 00:41:38,360
Speaker 1: they see it just a gift. They see it exactly

760
00:41:38,440 --> 00:41:40,600
Speaker 1: the way in which the Federal Elections Commission and the

761
00:41:40,680 --> 00:41:44,120
Speaker 1: Law season is that at this point it's post election,

762
00:41:44,400 --> 00:41:46,760
Speaker 1: it's not being used to pay for any campaign activity.

763
00:41:47,160 --> 00:41:50,880
Speaker 1: It's basically, in effect covering a debt that the campaign

764
00:41:50,960 --> 00:41:54,000
Speaker 1: itself wasn't able to cover, and so it looks a

765
00:41:54,120 --> 00:41:56,919
Speaker 1: lot like a gift. And as they said, Congress sort

766
00:41:56,920 --> 00:41:59,680
Speaker 1: of set a balance. Congress did permit the post election

767
00:41:59,760 --> 00:42:02,799
Speaker 1: ream first month up to two fifty dollars. And that's

768
00:42:02,840 --> 00:42:06,600
Speaker 1: Colombia Law professor Richard Brefoe speaking with the Bloomberg Student Garrosso.

769
00:42:06,960 --> 00:42:09,240
Speaker 1: Gets more of that interview, plus analysis of the latest

770
00:42:09,320 --> 00:42:11,840
Speaker 1: legal news by listening to the Bloomberg Law Show at

771
00:42:11,920 --> 00:42:15,160
Speaker 1: ten pm Eastern Time or subscribing to the Bloomberg Law Podcast,

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00:42:15,400 --> 00:42:18,440
Speaker 1: and attorneys can find exceptional legal research and business development

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Speaker 1: tools at Bloomberg law, dot com s and p futures

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