1 00:00:02,200 --> 00:00:05,279 Speaker 1: By from the Bloomberg Interactive Brooker Studios as It's Bloomberg 2 00:00:05,360 --> 00:00:09,160 Speaker 1: day Break for Thursday, January six two, coming up this hour. 3 00:00:09,400 --> 00:00:12,200 Speaker 1: The sell off continues overseas after the Fed makes a 4 00:00:12,280 --> 00:00:15,480 Speaker 1: hawk Is shift on policy. Bitcoin continues its slide to 5 00:00:15,560 --> 00:00:18,520 Speaker 1: trade at the lowest level since December's flash crash. C 6 00:00:18,680 --> 00:00:22,440 Speaker 1: DC Advisor's issue new guidance on COVID booster shots, faties 7 00:00:22,680 --> 00:00:25,760 Speaker 1: and the pandemic has hospitals facing their worst staffing shortage 8 00:00:25,760 --> 00:00:28,480 Speaker 1: in a year. New York City's Health commissioners suggests the 9 00:00:28,520 --> 00:00:31,280 Speaker 1: city hasn't yet hits COVID peak. Plus it's the one 10 00:00:31,320 --> 00:00:33,919 Speaker 1: year anniversary of the Capital Ryot. I'm like La bar 11 00:00:34,120 --> 00:00:37,440 Speaker 1: more Ahead, John Stahn sports Kirie Irving made in season 12 00:00:37,520 --> 00:00:39,519 Speaker 1: debut live and that's to have come from behind win 13 00:00:39,600 --> 00:00:44,680 Speaker 1: in Indiana St John's when it's Piggy's Open. That's all 14 00:00:44,720 --> 00:00:49,280 Speaker 1: straight ahead on Bloomberg day Break on Bloomberg Elevenoro, New York, 15 00:00:49,400 --> 00:00:54,120 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 16 00:00:54,280 --> 00:00:58,480 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nine 17 00:00:58,560 --> 00:01:01,600 Speaker 1: Team and around the World Old on Bloomberg Radio Dot 18 00:01:01,600 --> 00:01:08,520 Speaker 1: com and via the Bloomberg Business at good morning. I'm 19 00:01:08,560 --> 00:01:12,200 Speaker 1: Nathan Hager and I'm Karen Moscow and looking at futures 20 00:01:12,240 --> 00:01:14,200 Speaker 1: there mixed this morning. We're coming up to six o 21 00:01:14,280 --> 00:01:15,920 Speaker 1: one on Wall Street, and we check the markets every 22 00:01:15,920 --> 00:01:18,600 Speaker 1: fifteen minutes throughout the trading day. On Bloomberg, U s 23 00:01:18,640 --> 00:01:21,440 Speaker 1: and P futures are a little change to higher now. 24 00:01:21,600 --> 00:01:25,360 Speaker 1: Future is up eighty seven nasdag features down forty tenure, 25 00:01:25,440 --> 00:01:28,880 Speaker 1: Treasury down seconds. Here's one point seven three percent. They 26 00:01:28,920 --> 00:01:31,440 Speaker 1: yield on the two year point eight six percent, and 27 00:01:31,560 --> 00:01:35,040 Speaker 1: I'm ex screwed. Oil is up one and a half percent. Nathan, Karen. 28 00:01:35,080 --> 00:01:37,360 Speaker 1: Let's look at yesterday sell off. It saw the Nastack 29 00:01:37,440 --> 00:01:40,679 Speaker 1: drop three point three per cent after the Fed signal. 30 00:01:40,760 --> 00:01:44,520 Speaker 1: The more aggressive timeline for interest rate hikes. Brian Levitt 31 00:01:44,600 --> 00:01:47,680 Speaker 1: is a global strategist at Investco. The early stages of 32 00:01:47,720 --> 00:01:50,920 Speaker 1: a tightening cycle, and as we know, it's usually not 33 00:01:51,000 --> 00:01:53,720 Speaker 1: the first rate hike that matters. It's usually the last one. 34 00:01:53,800 --> 00:01:57,040 Speaker 1: And even though we're dealing with this today as we 35 00:01:57,120 --> 00:01:59,680 Speaker 1: often do, when we start to see signs for the 36 00:01:59,680 --> 00:02:02,400 Speaker 1: first move, I still think we're a long ways away 37 00:02:02,400 --> 00:02:05,480 Speaker 1: from nat last Ray bight that ends the cycle. Investco 38 00:02:05,520 --> 00:02:08,160 Speaker 1: Global strategist Brian Levitt says he sees the sell off 39 00:02:08,160 --> 00:02:10,880 Speaker 1: as a buying opportunity. Ten your treasury yields this morning 40 00:02:10,919 --> 00:02:13,680 Speaker 1: or trading at their highest level since April and Nathan 41 00:02:13,720 --> 00:02:16,160 Speaker 1: the text sell off continued in Asia over night. Japan 42 00:02:16,280 --> 00:02:19,040 Speaker 1: led it declines as any case led two point eight percent. 43 00:02:19,160 --> 00:02:22,000 Speaker 1: We get the details from Bloomberg's Juliette Sally and Singapore. 44 00:02:22,040 --> 00:02:24,760 Speaker 1: Good morning, Juliette, Good morning, Karen. The ms c I 45 00:02:24,880 --> 00:02:27,600 Speaker 1: Asia Pacific Index fell for a third session in four 46 00:02:27,639 --> 00:02:30,079 Speaker 1: with the gauge of tech shares among the worst performing. 47 00:02:30,360 --> 00:02:32,920 Speaker 1: The Hang Sang Tech index fell for a fourth day. 48 00:02:33,400 --> 00:02:36,320 Speaker 1: Yield spiked, with Japan's tenure at its highest since April. 49 00:02:36,560 --> 00:02:39,840 Speaker 1: Japanese equity suffered their worst day since June, while Australia's 50 00:02:39,840 --> 00:02:42,360 Speaker 1: market had its worst day in eleven months and Hong 51 00:02:42,440 --> 00:02:45,440 Speaker 1: Kong reopening stocks were here as the city imposed tighter 52 00:02:45,480 --> 00:02:48,560 Speaker 1: restrictions for the first time in almost a year. In Singapore. 53 00:02:48,639 --> 00:02:52,400 Speaker 1: Juliet Sally Bloomberg Daybreak, Juliet thanks for also seeing bitcoin 54 00:02:52,480 --> 00:02:55,360 Speaker 1: trade at its lowest level since December's flash crash. Right 55 00:02:55,360 --> 00:02:58,280 Speaker 1: now it's at about forty eight hundred dollars. Let's get 56 00:02:58,320 --> 00:03:01,120 Speaker 1: the latest from Bloomberg. Juned A Young, Ranita Nathan the 57 00:03:01,120 --> 00:03:03,919 Speaker 1: fifth hawk is tilt saw Bitcoin fall by about thirty 58 00:03:03,960 --> 00:03:08,160 Speaker 1: five dollars. Other cryptos like Ether and finance coin also 59 00:03:08,200 --> 00:03:12,200 Speaker 1: slumped to Lowe's not seen since October. Bitcoins climb over 60 00:03:12,240 --> 00:03:15,960 Speaker 1: the past few years coincided with strong stimulus measures by 61 00:03:15,960 --> 00:03:18,680 Speaker 1: the FIT. Now the question is how will it react 62 00:03:18,720 --> 00:03:21,880 Speaker 1: as the central bank pulls back on accommodation. Since it's 63 00:03:21,919 --> 00:03:26,400 Speaker 1: all time high in November, bitcoin is down about Nita 64 00:03:26,520 --> 00:03:30,160 Speaker 1: Young Bloomberg Daybreak, Ranita, thank you. Turning to the pandemic. Now, 65 00:03:30,280 --> 00:03:32,880 Speaker 1: we have a new recommendation on booster shots from the 66 00:03:32,960 --> 00:03:37,240 Speaker 1: CDC Agency advisor say vaccinated team should now get a 67 00:03:37,400 --> 00:03:40,920 Speaker 1: third do sufvisor shot, Bloomberg said. Baxter has the story. 68 00:03:41,240 --> 00:03:43,600 Speaker 1: The panel says it's important for twelve to seventeen year 69 00:03:43,640 --> 00:03:46,640 Speaker 1: olds to get vaccinated to keep schools open. This adds 70 00:03:46,640 --> 00:03:49,920 Speaker 1: twelve to fifteen year olds to the advisory already in place. 71 00:03:50,280 --> 00:03:53,640 Speaker 1: Dr Rochelle Wilenski has final say, but has said that 72 00:03:53,680 --> 00:03:56,080 Speaker 1: it's important to try and cut the severity of all 73 00:03:56,080 --> 00:03:58,680 Speaker 1: macron and she says the spread of A macron has 74 00:03:58,720 --> 00:04:02,280 Speaker 1: gone up in a straight Based on CDC genomic sequencing, 75 00:04:02,320 --> 00:04:06,400 Speaker 1: we now estimate that O macron represents about percent of 76 00:04:06,480 --> 00:04:10,000 Speaker 1: cases in the country. Says it's important for teens to 77 00:04:10,160 --> 00:04:14,600 Speaker 1: get boosted in San Francisco. I'm at Baxter Bloomberg Gay Break. 78 00:04:14,800 --> 00:04:16,680 Speaker 1: Thanks Zed. We continue to see the impact of O 79 00:04:16,760 --> 00:04:19,920 Speaker 1: macron on the healthcare system. US hospitals are facing their 80 00:04:19,920 --> 00:04:22,960 Speaker 1: worst staffing shortage in a year. According to the Department 81 00:04:23,000 --> 00:04:26,000 Speaker 1: of Health and Human Services data, about twenty of hospitals 82 00:04:26,000 --> 00:04:30,640 Speaker 1: report critical staffing levels. That's the most since December. Meantime, 83 00:04:30,720 --> 00:04:35,120 Speaker 1: Nathan tennis star Novak Djokovic is making waves off the court. 84 00:04:35,360 --> 00:04:38,679 Speaker 1: His chance to play for a tenth Australian Open title 85 00:04:38,920 --> 00:04:41,560 Speaker 1: is in limbo. The country denied him entry and canceled 86 00:04:41,600 --> 00:04:43,920 Speaker 1: his visa because he failed to meet requirements for an 87 00:04:43,960 --> 00:04:47,680 Speaker 1: exemption to COVID vaccination rules. Scott Morrison is the Prime 88 00:04:47,720 --> 00:04:52,040 Speaker 1: Minister of Australia rules rules and there are no special 89 00:04:52,200 --> 00:04:56,840 Speaker 1: cases entry with a visa requires double vaccination or a 90 00:04:57,040 --> 00:05:00,560 Speaker 1: medical exemption. I'm advised that such an ex engine was 91 00:05:00,600 --> 00:05:03,360 Speaker 1: not in place and as a result he is subject 92 00:05:03,440 --> 00:05:06,719 Speaker 1: to the sign rule. As anyone else. Australian Prime Minister 93 00:05:06,760 --> 00:05:09,719 Speaker 1: Scott Morris and denized any suggestion that Djokovic is being 94 00:05:09,800 --> 00:05:12,800 Speaker 1: singled out. The pandemic's impact on the labor market's also 95 00:05:12,800 --> 00:05:15,520 Speaker 1: in focus, Karen. Today, we get data on jobless claims 96 00:05:15,520 --> 00:05:19,160 Speaker 1: plus trade and services activity. Bloomberg's Viney del Judas reports 97 00:05:19,440 --> 00:05:22,640 Speaker 1: economists a weekly jobless claims will probably halt their half 98 00:05:22,680 --> 00:05:26,520 Speaker 1: century lows as employers filled record job openings. The labor 99 00:05:26,560 --> 00:05:31,120 Speaker 1: market scored a solid recovery since the pandemic crash. Meantime, 100 00:05:31,160 --> 00:05:34,160 Speaker 1: November's trade DAVA SI could tire a record as domestic 101 00:05:34,200 --> 00:05:38,560 Speaker 1: demand rebounds. Also today, data on America's service industry should 102 00:05:38,560 --> 00:05:41,400 Speaker 1: signal growth, though not as robustis November, when the I 103 00:05:41,600 --> 00:05:45,760 Speaker 1: s M Non Manufacturing index set a record nuts Bloomberg 104 00:05:45,839 --> 00:05:48,359 Speaker 1: day break. All right, Vinnie, thank you, Fed policy front 105 00:05:48,440 --> 00:05:51,480 Speaker 1: end center. But there's also other news on the Central Bank. 106 00:05:51,560 --> 00:05:54,680 Speaker 1: Sources tell us President Biden could pick former FED Governor 107 00:05:54,760 --> 00:05:57,960 Speaker 1: Sarah bloom Moraskin for the Central Bank's top regulatory post. 108 00:05:58,120 --> 00:06:00,920 Speaker 1: We get more from Bloomberg's Sterley Pellett. It's a move 109 00:06:01,000 --> 00:06:05,080 Speaker 1: that would please senators demanding swift action on climate Change. 110 00:06:05,400 --> 00:06:08,080 Speaker 1: Senator Sheldon white House, who has been active on the 111 00:06:08,080 --> 00:06:11,480 Speaker 1: climate issue, tweeted that a Raskin nomination as the FEDS 112 00:06:11,600 --> 00:06:14,960 Speaker 1: Vice Chair for Supervision would be quote good news. The 113 00:06:15,040 --> 00:06:18,400 Speaker 1: Rhode Island Democrats says Raskin really gets it on climate, 114 00:06:18,640 --> 00:06:22,280 Speaker 1: and Senator Ben Cardon of Maryland predicts Raskin will be 115 00:06:22,360 --> 00:06:27,200 Speaker 1: easily confirmed in New York. Charlie Pellett Bloomberg Daybreak, Charlie, thanks, 116 00:06:27,200 --> 00:06:29,159 Speaker 1: and speaking of climate, we have a new entry into 117 00:06:29,200 --> 00:06:32,840 Speaker 1: the electric vehicle market. General Motors is introducing a battery 118 00:06:32,880 --> 00:06:36,080 Speaker 1: powered pickup truck. CEO Mary Barra showed off the new 119 00:06:36,160 --> 00:06:40,359 Speaker 1: Chevrolet Silverado at CES in Las Vegas. Meantime, when it 120 00:06:40,400 --> 00:06:43,080 Speaker 1: comes to the overall industry, bar says, the chip shortage 121 00:06:43,120 --> 00:06:45,600 Speaker 1: is easy, but it still is not resolved. I would 122 00:06:45,600 --> 00:06:48,200 Speaker 1: say every quarter it gets a little bit better, and 123 00:06:48,279 --> 00:06:52,559 Speaker 1: so we're seeing a better Q one than Q four, 124 00:06:52,600 --> 00:06:54,440 Speaker 1: but we still think it's going to linger into the 125 00:06:54,480 --> 00:06:56,920 Speaker 1: first half of this year, and we should be farther 126 00:06:57,000 --> 00:06:58,479 Speaker 1: out of it by the end of this year, but 127 00:06:58,560 --> 00:07:01,640 Speaker 1: we're not through it yet. GM CEO Mary Barrow made 128 00:07:01,640 --> 00:07:04,279 Speaker 1: those comments in an interview with Bloomberg's David Weston. You 129 00:07:04,279 --> 00:07:08,000 Speaker 1: can catch their full conversation at Bloomberg dot com. SMP 130 00:07:08,120 --> 00:07:10,440 Speaker 1: futures are up four points down, futures up ninety three, 131 00:07:10,520 --> 00:07:13,320 Speaker 1: NASTAC futures still lower by thirty points. To tend your 132 00:07:13,320 --> 00:07:17,240 Speaker 1: treasury yield one point seven straight ahead, your latest local headlines, 133 00:07:17,520 --> 00:07:24,080 Speaker 1: and a check of sports. This is Bloomberg. It sounds 134 00:07:24,080 --> 00:07:26,040 Speaker 1: six o seven on Wall Street. We're thirty nine degrees 135 00:07:26,080 --> 00:07:28,600 Speaker 1: in Central Park. I went to weather advisory and we're 136 00:07:28,600 --> 00:07:32,240 Speaker 1: still dealing with the accident investigation in Jericho Turnpike in Mineola. 137 00:07:32,560 --> 00:07:35,280 Speaker 1: Details coming up in traffic. First Michael Barr with more 138 00:07:35,320 --> 00:07:37,560 Speaker 1: on what's going on in New York and around the world. Michael, 139 00:07:37,600 --> 00:07:40,360 Speaker 1: thank you very much. Nathan. Americans are preparing today to 140 00:07:40,400 --> 00:07:43,600 Speaker 1: mark the one year anniversary of the Capitol riot. President 141 00:07:43,680 --> 00:07:46,480 Speaker 1: Joe Biden plans to speak about unity to a politically 142 00:07:46,560 --> 00:07:51,119 Speaker 1: fractured nation. Yesterday, US Attorney General Merrick Garland spoke about 143 00:07:51,120 --> 00:07:54,960 Speaker 1: the attack. Whether they were present that day or were 144 00:07:54,960 --> 00:08:00,160 Speaker 1: otherwise criminally responsible for the assault on our democracy, you 145 00:08:00,200 --> 00:08:04,760 Speaker 1: will follow the facts wherever they lead. Garland says more 146 00:08:04,800 --> 00:08:08,440 Speaker 1: than seven people have been arrested for their roles in 147 00:08:08,480 --> 00:08:11,840 Speaker 1: the Capital attack. The Tri State area is preparing for 148 00:08:11,880 --> 00:08:15,680 Speaker 1: a new wave of winter weather. Bloomberg meteorologist Rob Caroline 149 00:08:15,680 --> 00:08:18,600 Speaker 1: has the latest. Michael, the National Weather Services put at 150 00:08:18,600 --> 00:08:20,920 Speaker 1: winter weather Advisory and effect for the Tri State area 151 00:08:20,920 --> 00:08:24,160 Speaker 1: from midnight tonight through noon tomorrow. Storm system passing south 152 00:08:24,160 --> 00:08:26,800 Speaker 1: of the region will produce snow around midnight tonight, should 153 00:08:26,880 --> 00:08:29,400 Speaker 1: end by midday tomorrow. Tracks still a little bit up 154 00:08:29,400 --> 00:08:31,160 Speaker 1: in the air as is the strength sell right now, 155 00:08:31,160 --> 00:08:32,760 Speaker 1: it looks like at least a couple of inches as 156 00:08:32,800 --> 00:08:35,480 Speaker 1: possible for the Tri State area. Will probably be refining 157 00:08:35,480 --> 00:08:37,199 Speaker 1: the numbers over the next twenty four hours, but I 158 00:08:37,240 --> 00:08:39,760 Speaker 1: could see at least one to three inches across the city, 159 00:08:39,960 --> 00:08:43,000 Speaker 1: maybe a little bit more north and west of town. Michael, Rob, 160 00:08:43,040 --> 00:08:45,880 Speaker 1: thank you very much. New York City Health Commissioner Dave 161 00:08:46,040 --> 00:08:49,760 Speaker 1: Chotsky said the COVID data suggests the city hasn't yet 162 00:08:49,840 --> 00:08:53,199 Speaker 1: hit a peak in the omicron fueled spike of coronavirus 163 00:08:53,280 --> 00:08:57,040 Speaker 1: cases in recent weeks. Chosky says cases are still increasing 164 00:08:57,400 --> 00:09:00,679 Speaker 1: because we are seeing unprecedented case count stirring the sam 165 00:09:00,880 --> 00:09:04,840 Speaker 1: cron wave, as you know, over thirty cases a day 166 00:09:05,200 --> 00:09:07,720 Speaker 1: on the seven day average, and we are seeing the 167 00:09:07,800 --> 00:09:12,000 Speaker 1: impact in our hospitals. Dr Jotsky encouraged New Yorkers to 168 00:09:12,040 --> 00:09:15,720 Speaker 1: continue getting booster shots and wear masks. New York Governor 169 00:09:15,760 --> 00:09:18,160 Speaker 1: Kathy Hokel gave her first State of the State address 170 00:09:18,320 --> 00:09:21,280 Speaker 1: or plans put health at the top of the to 171 00:09:21,360 --> 00:09:25,439 Speaker 1: do list, including ten billion dollars to increase the medical workforce. 172 00:09:26,760 --> 00:09:30,440 Speaker 1: A once in a lifetime pandemic demands once in a 173 00:09:30,480 --> 00:09:35,160 Speaker 1: lifetime response, and that's why I'm setting an ambitious goal 174 00:09:35,240 --> 00:09:40,280 Speaker 1: to grow our healthcare workforce by over the next five years. 175 00:09:40,520 --> 00:09:43,200 Speaker 1: Governor hocol also call it for investments in housing and 176 00:09:43,240 --> 00:09:46,440 Speaker 1: renewable energy. The judge in Galen maxwell Sex traffic and 177 00:09:46,520 --> 00:09:49,920 Speaker 1: trial asked prosecutors and defense lawyers to briefer onto whether 178 00:09:49,920 --> 00:09:52,400 Speaker 1: a new trial is needed over media comments made by 179 00:09:52,400 --> 00:09:55,520 Speaker 1: a juror. Maxwell's lawyers told the judge that it would 180 00:09:55,559 --> 00:09:58,040 Speaker 1: seek a new trial because the juror failed to disclose 181 00:09:58,320 --> 00:10:01,600 Speaker 1: a possible bias against my swill. Global News twenty four 182 00:10:01,640 --> 00:10:03,600 Speaker 1: hours a day on a rand on Bloomberg Quick Take 183 00:10:03,600 --> 00:10:05,920 Speaker 1: Power about more than twenties seven under journalists, analysts, more 184 00:10:05,920 --> 00:10:09,520 Speaker 1: than twenty countries. Michael bar this is Bloomberg naked alrighty 185 00:10:09,520 --> 00:10:15,679 Speaker 1: thank you. Michael six ten on Wall Street Time for 186 00:10:15,720 --> 00:10:18,360 Speaker 1: the Bloomberg Sports Update with John Stashow. All Right, anthan, 187 00:10:18,360 --> 00:10:20,840 Speaker 1: there's been a lot of questions about Kyrie, I mean, 188 00:10:20,960 --> 00:10:23,680 Speaker 1: like why he's refused to get the vaccine even with 189 00:10:23,720 --> 00:10:26,199 Speaker 1: the mandate in New York. There's never been any question 190 00:10:26,280 --> 00:10:29,400 Speaker 1: about his ability to play basketball. So there was Kyrie 191 00:10:29,440 --> 00:10:32,240 Speaker 1: last minute Indiana making this season debut for the Nets. 192 00:10:32,280 --> 00:10:35,360 Speaker 1: The team had originally said they didn't want him at all, 193 00:10:35,480 --> 00:10:37,200 Speaker 1: it was only gonna be for games on the road, 194 00:10:37,240 --> 00:10:40,040 Speaker 1: but they changed their mind and Kyrie scored twenty two 195 00:10:40,040 --> 00:10:42,800 Speaker 1: points in thirty two minutes help Brooklyn to have come 196 00:10:42,840 --> 00:10:49,880 Speaker 1: from behind one nine victory. So nervous and naturally as 197 00:10:49,960 --> 00:10:53,040 Speaker 1: a performer, I still get nervous, but that first shot 198 00:10:53,160 --> 00:10:55,760 Speaker 1: was like, man, I wanted to go in and then um, 199 00:10:55,760 --> 00:11:00,199 Speaker 1: I settled down to the second half, you know, once 200 00:11:00,240 --> 00:11:04,360 Speaker 1: I came back out and I'm just gonna do and 201 00:11:05,880 --> 00:11:08,120 Speaker 1: Kevin Durant as always big part of the win. Katie 202 00:11:08,160 --> 00:11:09,880 Speaker 1: scores thirty nine the next end of the three game, 203 00:11:09,960 --> 00:11:12,720 Speaker 1: losing Stig Nixon. Celtics tonight at the Garden started at 204 00:11:12,760 --> 00:11:15,800 Speaker 1: home at home. They'll play Saturday in Boston Rangers start 205 00:11:15,840 --> 00:11:18,920 Speaker 1: a five game road trip tonight in Vegas. St. John's 206 00:11:18,920 --> 00:11:22,800 Speaker 1: first game since December eighteenth. After four s postponements, the 207 00:11:22,840 --> 00:11:25,079 Speaker 1: Red Storm finally with their big East opener and one 208 00:11:25,120 --> 00:11:29,400 Speaker 1: a game for Julian Simpagny thirty four points, sixteen rebound. St. 209 00:11:29,440 --> 00:11:33,400 Speaker 1: John's beat the Paul. Syracuse lost by one at Miami. 210 00:11:33,520 --> 00:11:37,200 Speaker 1: Villanova won by thirty four over Creighton and Tonio Brown 211 00:11:37,240 --> 00:11:38,920 Speaker 1: says he had an m r I and his ankle 212 00:11:39,000 --> 00:11:41,640 Speaker 1: and it confirms he has an injury that prevented him 213 00:11:41,640 --> 00:11:44,760 Speaker 1: from playing last Sunday. His Tampa Bay coach, Bruce Arians, 214 00:11:44,840 --> 00:11:47,439 Speaker 1: wanted him to play. They argued, Brown, of course, then 215 00:11:47,480 --> 00:11:50,800 Speaker 1: took off his jersey left MetLife Stadium. Arians then said 216 00:11:50,800 --> 00:11:53,000 Speaker 1: Brown is no longer with the team, but the Bucks 217 00:11:53,000 --> 00:11:57,440 Speaker 1: have still not released it. John Stash were bloom Group Sports. John, 218 00:11:57,520 --> 00:12:00,840 Speaker 1: Thank you. Futures are mixed at the moment you're listening 219 00:12:01,200 --> 00:12:09,559 Speaker 1: to Bloomberg Day Brand brought to you by Audie. Reflect 220 00:12:09,600 --> 00:12:12,120 Speaker 1: on the past, celebrate the future during the season of 221 00:12:12,160 --> 00:12:15,280 Speaker 1: Audie and drive off in the Audi model You've always wanted. 222 00:12:15,440 --> 00:12:23,840 Speaker 1: Visit your Tri State area Audi dealer. Today markets headlines 223 00:12:23,920 --> 00:12:26,920 Speaker 1: and breaking news twenty four hours a day at Bloomberg 224 00:12:26,960 --> 00:12:30,280 Speaker 1: dot Com and Bloomberg Business at and at Bloomberg Quicktake, 225 00:12:30,480 --> 00:12:40,600 Speaker 1: this's a Bloomberg Business flash and I'm Karen Moscow. And 226 00:12:40,720 --> 00:12:44,439 Speaker 1: futures this morning are mixed s and P futures that 227 00:12:44,480 --> 00:12:48,480 Speaker 1: will change. DAL futures up eighties six points, nasday futures 228 00:12:48,520 --> 00:12:51,040 Speaker 1: down to forty nah in the tenure treasury down eight 229 00:12:51,040 --> 00:12:53,959 Speaker 1: thirties seconds, the yeld one point seven three percent, and 230 00:12:54,040 --> 00:12:56,040 Speaker 1: the yield on a two year point eight to six 231 00:12:56,080 --> 00:12:58,080 Speaker 1: First said, we are coming up to six eighteen on 232 00:12:58,120 --> 00:13:01,000 Speaker 1: Wall Street. Time of your daily Bloomberg Crypto update and 233 00:13:01,080 --> 00:13:03,520 Speaker 1: with the latest in crypto news, here's Bloomberg's ready to 234 00:13:03,600 --> 00:13:07,800 Speaker 1: young Renita Karen. Bitcoin is trading around forty three thousand today. 235 00:13:08,000 --> 00:13:11,280 Speaker 1: It's lower after the FED sick of rate increases yesterday, 236 00:13:11,400 --> 00:13:15,320 Speaker 1: which made Bitcoin fall by about thirty five dollars. Other 237 00:13:15,320 --> 00:13:18,520 Speaker 1: cryptos like Ether and finance coin also slumped to low's 238 00:13:18,600 --> 00:13:22,240 Speaker 1: not seen since October. Bitcoins climb over the past few 239 00:13:22,320 --> 00:13:26,320 Speaker 1: years has coincided with the FED strong stimulus measures. Now, 240 00:13:26,360 --> 00:13:29,240 Speaker 1: the question is how bitcoin will react as the central 241 00:13:29,240 --> 00:13:32,320 Speaker 1: bank pulls back on accommodation. Since it's all time high 242 00:13:32,320 --> 00:13:36,200 Speaker 1: in November, bitcoin has lost about twenty percent of its value. 243 00:13:36,559 --> 00:13:40,320 Speaker 1: Other crypto sectors are also under pressure. This morning, bitcoin 244 00:13:40,400 --> 00:13:44,120 Speaker 1: mining stocks tumbled as analysts reconsidered their outlooks after a 245 00:13:44,200 --> 00:13:47,959 Speaker 1: record breaking year. Be Riley's Securities cut price targets on 246 00:13:48,120 --> 00:13:52,640 Speaker 1: Marathon Digital and Riot Blockchain. And that's your Bloomberg crypto update. 247 00:13:52,960 --> 00:13:56,000 Speaker 1: I'm reading the young Bloomberg day break. Karen, all right, 248 00:13:56,000 --> 00:13:58,080 Speaker 1: ready to thank you. That's a Bloomberg business flash. Now 249 00:13:58,160 --> 00:14:00,360 Speaker 1: here's Michael Barrow with more. I'm must going on around 250 00:14:00,360 --> 00:14:03,480 Speaker 1: the world, Karen, thank you very much. Today President Joe 251 00:14:03,480 --> 00:14:06,880 Speaker 1: Biden will mark the first anniversary of the Deadly Capital Insurrection, 252 00:14:07,240 --> 00:14:11,280 Speaker 1: seeking to rally Democrats around voting rights legislation, AID say. 253 00:14:11,320 --> 00:14:14,480 Speaker 1: The President will also take on former President Trump himself. 254 00:14:14,880 --> 00:14:18,080 Speaker 1: Chicago public school classes are canceled again today after the 255 00:14:18,080 --> 00:14:22,000 Speaker 1: teachers union and CPS officials failed to reach a deal 256 00:14:22,160 --> 00:14:26,320 Speaker 1: over COVID protocols. Australian Open champion Novak Djokovic has been 257 00:14:26,360 --> 00:14:29,720 Speaker 1: to nied entry into Australia. Federal officials over ruled the 258 00:14:29,800 --> 00:14:32,880 Speaker 1: state vaccine exemption for the tennis star in the NBA 259 00:14:33,040 --> 00:14:35,800 Speaker 1: Kyrie Irving. It is returned as the nets down, the Pacers, 260 00:14:37,480 --> 00:14:40,800 Speaker 1: the Celtics, Wizards and Warriors all lost. Global news twenty 261 00:14:40,800 --> 00:14:43,520 Speaker 1: four hours a day on air and on Bloomberg Quick Tank, 262 00:14:43,720 --> 00:14:46,560 Speaker 1: powered by more than twenty seven under journalist and analyst 263 00:14:46,640 --> 00:14:49,080 Speaker 1: more than a hundred twenty countries. I'm Michael Barr, and 264 00:14:49,160 --> 00:14:52,320 Speaker 1: this is Bloomberg Nathan, Michael, thank you. We're coming up 265 00:14:52,360 --> 00:14:54,760 Speaker 1: to six twenty on Wall Street line from the Bloomberg 266 00:14:54,760 --> 00:14:58,960 Speaker 1: Interactive Broker's studios. This is Bloomberg Daybreak. Let's look a 267 00:14:59,000 --> 00:15:01,680 Speaker 1: little bit more at the mark reaction to this more 268 00:15:01,760 --> 00:15:05,440 Speaker 1: hawkish fed. Michael Howson is with us this morning, Chief 269 00:15:05,480 --> 00:15:09,360 Speaker 1: market analyst at CMC Markets. Michael, it's great to speak 270 00:15:09,400 --> 00:15:11,840 Speaker 1: with you this morning. I see the sell off continues 271 00:15:12,000 --> 00:15:13,880 Speaker 1: in Europe, but we're looking at a bit of a 272 00:15:13,960 --> 00:15:18,360 Speaker 1: pickup to some extent for US futures. Is this a 273 00:15:18,360 --> 00:15:20,920 Speaker 1: little bit of dip buying or could we see more 274 00:15:20,920 --> 00:15:24,920 Speaker 1: selling in US equities? Yeah? I think I think it's 275 00:15:24,920 --> 00:15:27,120 Speaker 1: the big question you You talked about the Dale future 276 00:15:27,160 --> 00:15:29,320 Speaker 1: is actually being higher. In the nes Dack future has 277 00:15:29,360 --> 00:15:31,520 Speaker 1: been lower, and I think that's where the pressure is 278 00:15:31,600 --> 00:15:35,040 Speaker 1: likely to come. It's in the more highly valued areas 279 00:15:35,080 --> 00:15:38,960 Speaker 1: of the market, namely the nes dack. Not for nothing 280 00:15:39,080 --> 00:15:41,640 Speaker 1: have we seen big declines in that on the back 281 00:15:41,680 --> 00:15:45,320 Speaker 1: of higher bond yields. What surprises me, I think more 282 00:15:45,360 --> 00:15:49,440 Speaker 1: than anything, is why it's a surprise that some Fed 283 00:15:49,480 --> 00:15:54,680 Speaker 1: officials will be discussing the prospect of bannet sheet reduction. Ultimately, 284 00:15:55,720 --> 00:15:59,400 Speaker 1: I think talking about bonnet sheet reduction is a long 285 00:15:59,400 --> 00:16:03,400 Speaker 1: way shut to actually doing it. And let's not forget Nathan, 286 00:16:03,920 --> 00:16:06,880 Speaker 1: the Fed is still adding to its balant sheet. It 287 00:16:06,920 --> 00:16:10,960 Speaker 1: would be very surprising to me if the Fed, after 288 00:16:12,280 --> 00:16:15,800 Speaker 1: ending its taper would suddenly do an abrupt handbrake turn 289 00:16:16,400 --> 00:16:19,160 Speaker 1: and then start reducing the size of this ballas sheet 290 00:16:19,200 --> 00:16:22,520 Speaker 1: so quickly. So I think there's an element here that 291 00:16:23,840 --> 00:16:27,440 Speaker 1: um markets are afraid that the Fed might be minded 292 00:16:27,880 --> 00:16:33,119 Speaker 1: two probably tightened too quickly because of concerns about much 293 00:16:33,240 --> 00:16:37,240 Speaker 1: more persistent inflationary pressures. And I'm not seeing any evidence 294 00:16:37,280 --> 00:16:39,280 Speaker 1: of that, because if you look at this week's data, 295 00:16:40,040 --> 00:16:43,120 Speaker 1: particularly and the price is paid, we've actually seen prices 296 00:16:43,160 --> 00:16:47,920 Speaker 1: start to come down. So do you think that this 297 00:16:48,040 --> 00:16:51,240 Speaker 1: sell off could go further? Is this the case of 298 00:16:51,400 --> 00:16:54,840 Speaker 1: investors sort of trying to get ahead of a potential 299 00:16:55,040 --> 00:16:57,800 Speaker 1: balance sheet unwind here and if so, how much further 300 00:16:57,880 --> 00:17:02,600 Speaker 1: could things go. Well, there's not to get apple here, 301 00:17:02,720 --> 00:17:07,159 Speaker 1: three trillion dollar market gap earlier this week, so I 302 00:17:07,200 --> 00:17:09,320 Speaker 1: think there's certainly room for a little bit of profit 303 00:17:09,400 --> 00:17:14,920 Speaker 1: taking given current valuations. Let's not forget the SMP record 304 00:17:15,000 --> 00:17:19,040 Speaker 1: high on the first trading day of this year. No, obviously, 305 00:17:19,440 --> 00:17:23,040 Speaker 1: interest rates are going to go up. The bigger question 306 00:17:23,119 --> 00:17:25,959 Speaker 1: for me is not more a case of when the 307 00:17:26,000 --> 00:17:30,879 Speaker 1: first rate hike occurs, but how quickly they occur and 308 00:17:31,080 --> 00:17:35,080 Speaker 1: how aggressive they are. And given the current uncertainty, I 309 00:17:35,160 --> 00:17:38,800 Speaker 1: think what we're seeing today is indicative of what's been 310 00:17:39,040 --> 00:17:41,159 Speaker 1: seeing over the course of the past couple of months. 311 00:17:41,160 --> 00:17:44,160 Speaker 1: We've seen big moves to the downside. We've then seen 312 00:17:44,200 --> 00:17:49,000 Speaker 1: subsequent rebounds back to the upside. Ultimately, the picture is 313 00:17:49,000 --> 00:17:52,040 Speaker 1: still very, very uncertain, and certainly I think if you 314 00:17:52,040 --> 00:17:56,119 Speaker 1: look at the SMP five um, we're still within touching 315 00:17:56,119 --> 00:17:59,639 Speaker 1: distance of those record highs. Could we go lower, absolutely, 316 00:17:59,640 --> 00:18:01,199 Speaker 1: I mean we could fall all the way back to 317 00:18:01,720 --> 00:18:04,880 Speaker 1: four thousand, five hundred, which was essentially the lows back 318 00:18:04,880 --> 00:18:07,040 Speaker 1: at the end of November in the beginning of December, 319 00:18:07,080 --> 00:18:09,280 Speaker 1: but that doesn't necessarily mean that we're going to come 320 00:18:09,320 --> 00:18:13,160 Speaker 1: crushing off SI. A note this morning from Goldman Sachs 321 00:18:13,200 --> 00:18:16,680 Speaker 1: strategist saying European stocks could be a haven play against 322 00:18:16,720 --> 00:18:19,359 Speaker 1: higher US rates. What do you make of that? Is 323 00:18:19,400 --> 00:18:22,240 Speaker 1: that how you see it? That's certainly how I see it. 324 00:18:22,320 --> 00:18:24,119 Speaker 1: Certainly in terms of the foot See one dred. If 325 00:18:24,119 --> 00:18:26,240 Speaker 1: you look at evaluations and say, for example, the Footsie 326 00:18:26,280 --> 00:18:29,000 Speaker 1: one D or even you know, say for example the 327 00:18:29,000 --> 00:18:32,359 Speaker 1: footspe MID, the Italian stock market, UM, A lot of 328 00:18:32,359 --> 00:18:36,119 Speaker 1: these markets have seriously underperformed over the course of the 329 00:18:36,119 --> 00:18:40,240 Speaker 1: past two or three years compared to US stocks. Certainly, 330 00:18:40,280 --> 00:18:42,080 Speaker 1: I would argue that U S stocks are much more 331 00:18:42,119 --> 00:18:44,200 Speaker 1: profit when you look at them on a on a 332 00:18:44,240 --> 00:18:46,280 Speaker 1: evaluation basis. So I think there's an awful lot of 333 00:18:46,320 --> 00:18:49,840 Speaker 1: merit in that argument, given the fact that the ECB 334 00:18:50,200 --> 00:18:53,040 Speaker 1: is unlikely to be raising rates anytime soon, and even 335 00:18:53,080 --> 00:18:55,399 Speaker 1: if they do, they're not going to be raising them 336 00:18:55,440 --> 00:18:59,040 Speaker 1: much above zero. Only about thirty seconds left here, Michael, 337 00:18:59,040 --> 00:19:00,879 Speaker 1: But do you see this as a potential spark for 338 00:19:00,880 --> 00:19:03,639 Speaker 1: a firm rotation from growth to value in the US? 339 00:19:05,600 --> 00:19:08,280 Speaker 1: I think there would could certainly be the catalyst for it. 340 00:19:08,600 --> 00:19:11,280 Speaker 1: I think in terms of the Nastack. There is certainly 341 00:19:11,280 --> 00:19:15,840 Speaker 1: potential for further consolidation. If I can say that, I'm 342 00:19:15,840 --> 00:19:17,399 Speaker 1: not going to say it's gonna come crushing off, but 343 00:19:17,480 --> 00:19:19,879 Speaker 1: certainly I think it's going to be very difficult for 344 00:19:20,000 --> 00:19:22,480 Speaker 1: the Nurstack to make new record hires in the short 345 00:19:22,480 --> 00:19:25,560 Speaker 1: to medium term. Thanks again for coming on with us, Michael, 346 00:19:25,560 --> 00:19:27,760 Speaker 1: great to speak with you once again. Michael Houston his 347 00:19:27,880 --> 00:19:31,719 Speaker 1: chief market analyst at CMC Markets. Taking a look at 348 00:19:31,760 --> 00:19:35,560 Speaker 1: markets right now. SMP futures are little change. DAL futures 349 00:19:35,640 --> 00:19:38,720 Speaker 1: are still higher, up seventy six points. The Nastack futures 350 00:19:39,320 --> 00:19:42,280 Speaker 1: leading the declines in the US market this morning. They're 351 00:19:42,320 --> 00:19:45,280 Speaker 1: down sixty six points. The tenure Treasury is up three 352 00:19:45,359 --> 00:19:48,000 Speaker 1: thirty seconds, and yield on the benchmark tenure note is 353 00:19:48,080 --> 00:19:51,239 Speaker 1: one point seven three percent. Just ahead, we'll get more 354 00:19:51,280 --> 00:19:53,840 Speaker 1: on the sharp market reaction to the Fed minutes and 355 00:19:54,080 --> 00:19:58,520 Speaker 1: teams coming a step closer to fiser boosters. As we 356 00:19:58,600 --> 00:20:02,840 Speaker 1: check your top stories the morning. This is Bloomberg Daybreak. 357 00:20:02,960 --> 00:20:08,720 Speaker 1: Good morning, Bloomberg eleven three oh weather. We'll have a 358 00:20:08,720 --> 00:20:10,120 Speaker 1: mix of sun and clouds and a high in your 359 00:20:10,119 --> 00:20:12,320 Speaker 1: forty today winter weather and Vine Street with one to 360 00:20:12,400 --> 00:20:15,440 Speaker 1: three inches of snow tomorrow morning yes and below thirties, 361 00:20:15,520 --> 00:20:18,440 Speaker 1: mostly sunny, low thirties from Saturday. Right now thirty nine 362 00:20:18,440 --> 00:20:26,520 Speaker 1: in Central Park, broadcasting live from the Bloomberg Interactive Brokers 363 00:20:26,560 --> 00:20:29,960 Speaker 1: Studio in New York. Bloomberg E Living Free to Washington, 364 00:20:30,040 --> 00:20:34,120 Speaker 1: d C. Bloomberg to Boston, Bloomberg one O six one 365 00:20:34,240 --> 00:20:37,720 Speaker 1: to San Francisco, Bloomberg NUN sixty to the country Sirius 366 00:20:37,840 --> 00:20:41,040 Speaker 1: XM CHADO one nineteen and around the globe the Bloomberg 367 00:20:41,080 --> 00:20:44,960 Speaker 1: Business app and Bloomberg Radio dot Com. This is Bloomberg 368 00:20:45,080 --> 00:20:52,800 Speaker 1: Daybreak at six thirty on Wall Street. From morning. I'm 369 00:20:52,880 --> 00:20:55,919 Speaker 1: Nathan Hager and I'm Karen Moscow. We are just about 370 00:20:55,960 --> 00:20:58,600 Speaker 1: three hours away from the open of US trading. Let's 371 00:20:58,600 --> 00:20:59,879 Speaker 1: get you up to date on the news you need 372 00:21:00,000 --> 00:21:02,520 Speaker 1: to know at this hour. Right now, US futures are 373 00:21:02,600 --> 00:21:06,200 Speaker 1: mixed following yesterday's tax sell off. Tenure yields are trading 374 00:21:06,200 --> 00:21:08,840 Speaker 1: near their highest level since April after the FED signal 375 00:21:08,840 --> 00:21:12,200 Speaker 1: the more aggressive timeline for interest rate hikes. Brian Levitt 376 00:21:12,200 --> 00:21:16,560 Speaker 1: is a global strategist at Investco. We should expect volatility 377 00:21:16,560 --> 00:21:20,360 Speaker 1: to return to markets when we get unexpected results at 378 00:21:20,359 --> 00:21:22,320 Speaker 1: of central bankers, so that tends to be where draw 379 00:21:22,359 --> 00:21:26,679 Speaker 1: downs and volatility emerges out of unexpected policy decisions and 380 00:21:26,760 --> 00:21:31,000 Speaker 1: policy uncertainty. Invest Global strategist Brian Levitt says he sees 381 00:21:31,040 --> 00:21:33,639 Speaker 1: this sell off as a buying opportunity caught up in 382 00:21:33,720 --> 00:21:36,480 Speaker 1: yesterday sell off careen where the so called meme stocks 383 00:21:36,480 --> 00:21:37,960 Speaker 1: and we get more on that side of the market 384 00:21:38,000 --> 00:21:42,880 Speaker 1: from Bloomberg's Charlie Pellett, amc down eleven percent, games stop down, 385 00:21:44,240 --> 00:21:47,080 Speaker 1: and that helps send the basket of meme stocks tracked 386 00:21:47,080 --> 00:21:50,920 Speaker 1: by Bloomberg to its lowest clothes since January twenty one, 387 00:21:50,960 --> 00:21:53,280 Speaker 1: when the market was swept up in the rise of 388 00:21:53,560 --> 00:21:58,160 Speaker 1: retail trader driven surges. The route tracked other retail favorites lower, 389 00:21:58,359 --> 00:22:01,920 Speaker 1: including bed Bath and Beyond and Stem Inc, which both 390 00:22:01,960 --> 00:22:06,040 Speaker 1: fell about eleven percent in New York. Charlie Pellot Bloomberg 391 00:22:06,119 --> 00:22:08,720 Speaker 1: daybreak a right, Charlie, thank you. We're also seeing bitcoin 392 00:22:08,800 --> 00:22:12,640 Speaker 1: training at its lower level since December's flash crash. Right 393 00:22:12,680 --> 00:22:15,920 Speaker 1: now is said forty two eight hundred dollars. And here 394 00:22:15,920 --> 00:22:18,680 Speaker 1: with Morris Bloomberg's re need a young Karen the fitz 395 00:22:18,720 --> 00:22:21,760 Speaker 1: Hawk is tilt saw bitcoin fall by about thirty five 396 00:22:21,840 --> 00:22:25,520 Speaker 1: hundred dollars. Other cryptos like Ether and finance coin also 397 00:22:25,600 --> 00:22:29,359 Speaker 1: slumped to lows not seen since October. The entire sector 398 00:22:29,440 --> 00:22:32,840 Speaker 1: is pretty much under pressure. Bitcoin mining stocks tumbled as 399 00:22:32,880 --> 00:22:36,840 Speaker 1: analysts reconsider their outlooks after a record breaking year. Since 400 00:22:36,840 --> 00:22:39,919 Speaker 1: it's all time high in November, bitcoin is down about 401 00:22:39,960 --> 00:22:43,520 Speaker 1: twenty We need a young Bloomberg daybreak, all right, We 402 00:22:43,560 --> 00:22:45,520 Speaker 1: need a thanks on the pandemic front. This morning, we 403 00:22:45,560 --> 00:22:49,280 Speaker 1: have a new recommendation on booster shots from the CDC Agency. 404 00:22:49,320 --> 00:22:52,480 Speaker 1: Advisors now recommend vaccinated teens as young as twelve years 405 00:22:52,520 --> 00:22:55,199 Speaker 1: old to get a COVID booster shot from Fiser. And 406 00:22:55,240 --> 00:22:57,440 Speaker 1: at the same time, Nathan, the impact of the omicron 407 00:22:57,520 --> 00:23:00,640 Speaker 1: variant is weighing on the healthcare system. US hospitals are 408 00:23:00,640 --> 00:23:03,960 Speaker 1: facing their worst staffing shortage in a year. According to 409 00:23:04,040 --> 00:23:06,960 Speaker 1: Department of Healthy Human Services data, about twenty percent of 410 00:23:07,040 --> 00:23:11,400 Speaker 1: hospitals report critical staffing levels. And again, futures are mixed 411 00:23:11,520 --> 00:23:14,240 Speaker 1: S and P futures are little change down, futures higher 412 00:23:14,320 --> 00:23:18,560 Speaker 1: up eighty, nasday futures lower down fifty eight tenure Treasury 413 00:23:18,560 --> 00:23:21,280 Speaker 1: down eight thirty seconds held one point seven three percent. 414 00:23:21,359 --> 00:23:23,920 Speaker 1: That yield on the two year point eight five percent 415 00:23:24,280 --> 00:23:27,600 Speaker 1: and Nimex Screwede oil is up one point six percent. 416 00:23:28,280 --> 00:23:31,479 Speaker 1: And straight ahead, we have your latest local headlines plus 417 00:23:31,520 --> 00:23:39,359 Speaker 1: a check of sports, and this is Bloomberg Peak Scaring 418 00:23:39,440 --> 00:23:41,520 Speaker 1: six thirty three on Wall Street, thirty nine degrees in 419 00:23:41,520 --> 00:23:44,119 Speaker 1: Central Park. Still dealing with the accident investigation that is 420 00:23:44,119 --> 00:23:47,600 Speaker 1: the Jericho Turnpike closed both ways at Herrick's Road. Details 421 00:23:47,640 --> 00:23:50,000 Speaker 1: coming up in Traffic First Michael Barr with more on 422 00:23:50,040 --> 00:23:52,119 Speaker 1: what's going on in New York and around the world. Michael, 423 00:23:52,080 --> 00:23:55,639 Speaker 1: Peggy very much, Nathan. President Joe Biden plans a blistering 424 00:23:55,680 --> 00:23:58,320 Speaker 1: critique of Donald Trump as he marks the one year 425 00:23:58,320 --> 00:24:01,560 Speaker 1: anniversary of the January Ray six riot at the US 426 00:24:01,640 --> 00:24:04,480 Speaker 1: Capitol with a speech that will warn of the dangers 427 00:24:04,480 --> 00:24:09,760 Speaker 1: of misinformation and subverting democracy. Yesterday, Attorney General Mary Garland 428 00:24:09,840 --> 00:24:13,440 Speaker 1: spoke at the Justice Department about the Capital riot. Those 429 00:24:13,600 --> 00:24:17,960 Speaker 1: involved must be held accountable and there is no higher 430 00:24:18,000 --> 00:24:21,640 Speaker 1: priority for US. At the Department of Justice, Drylyn held 431 00:24:21,640 --> 00:24:24,159 Speaker 1: a moment of silence for the law enforcement officers who 432 00:24:24,280 --> 00:24:27,560 Speaker 1: died related to the attack. New York City Health Commissioner 433 00:24:27,720 --> 00:24:32,040 Speaker 1: Dr David Chowsky says the COVID data suggest the city 434 00:24:32,160 --> 00:24:35,159 Speaker 1: hasn't yet hit a peak in the omicron fueled spike 435 00:24:35,200 --> 00:24:39,080 Speaker 1: of coronavirus cases in recent weeks. Chronsky says the impact 436 00:24:39,160 --> 00:24:42,320 Speaker 1: of gatherings that New Year's could still fuel another uptick. 437 00:24:42,880 --> 00:24:46,880 Speaker 1: Vaccinate your child, get your booster dose, where a high 438 00:24:46,920 --> 00:24:50,240 Speaker 1: quality mask, and look out for those who are more 439 00:24:50,359 --> 00:24:54,200 Speaker 1: susceptible to severe COVID, whether an older adult for someone 440 00:24:54,280 --> 00:24:57,600 Speaker 1: with a chronic condition. Dr Chatsky says the seven day 441 00:24:57,600 --> 00:25:00,520 Speaker 1: average of positive cases rose to nearly thirty five percent. 442 00:25:00,640 --> 00:25:04,119 Speaker 1: On January second, New York Governor Kathy Hoco delivered her 443 00:25:04,160 --> 00:25:06,800 Speaker 1: first State of the State address, outlining an agenda for 444 00:25:06,880 --> 00:25:10,600 Speaker 1: an economic comeback from the COVID nineteen pandemic, housing and 445 00:25:10,680 --> 00:25:14,879 Speaker 1: renewable energy. Hocol also says she will accelerate tax cuts 446 00:25:15,040 --> 00:25:18,520 Speaker 1: for middle class New Yorkers. That means more than six 447 00:25:18,760 --> 00:25:22,160 Speaker 1: million middle class taxpayers will get more money in their 448 00:25:22,160 --> 00:25:25,760 Speaker 1: pockets sooner, at a time when inflation is robbing them 449 00:25:25,760 --> 00:25:29,480 Speaker 1: of any gains in income. Governor Hocol also proposed a 450 00:25:29,600 --> 00:25:33,600 Speaker 1: ten billion dollar plan to grow the state's healthcare workforce. Meanwhile, 451 00:25:33,600 --> 00:25:36,280 Speaker 1: the governor is calling on state lawmakers to legalize the 452 00:25:36,320 --> 00:25:39,760 Speaker 1: sale of to go alcoholic drinks to keep bars and 453 00:25:39,800 --> 00:25:43,240 Speaker 1: restaurants afloat. Defense lawyers for Galaine Maxwell are planning to 454 00:25:43,240 --> 00:25:46,639 Speaker 1: request a new trial. New York City jury convicted her 455 00:25:46,680 --> 00:25:49,399 Speaker 1: of conspiring to recruit and groom teenage girls to be 456 00:25:49,440 --> 00:25:53,159 Speaker 1: abused by Jeffrey Epstein, and then the revelation a juror 457 00:25:53,200 --> 00:25:55,840 Speaker 1: in the case revealed he was a victim of sexual abuse. 458 00:25:56,200 --> 00:25:59,920 Speaker 1: Loyola Law School professor Jessica Levinson says the main issue 459 00:26:00,080 --> 00:26:03,560 Speaker 1: is whether the juror truthfully disclosed this ahead of the trial. 460 00:26:03,960 --> 00:26:08,040 Speaker 1: The judge will essentially determine whether or not this apparent 461 00:26:08,240 --> 00:26:12,520 Speaker 1: failure to disclose undermines Maxwell's right to a fair and 462 00:26:12,640 --> 00:26:17,080 Speaker 1: impartial Juryola Law Professor Jessica Levinson. Global News twenty four 463 00:26:17,119 --> 00:26:19,800 Speaker 1: hours a day on air and on Bloomberg Quicktake Power 464 00:26:19,880 --> 00:26:22,359 Speaker 1: by more than twenty seven hundred journalists and analysts more 465 00:26:22,400 --> 00:26:25,560 Speaker 1: than a hundred twenty countries. At Michael Barr, this is Bloomberg, Nathan. 466 00:26:25,680 --> 00:26:32,879 Speaker 1: Thank you, Michael, And it's six thirty six on Wall Street. 467 00:26:32,880 --> 00:26:36,720 Speaker 1: Time for the Bloomberg Sports Update. Here's John stash Alright, Nathan, 468 00:26:36,800 --> 00:26:39,879 Speaker 1: the unvaccinated entiree IRVY not allowed to play games in 469 00:26:39,880 --> 00:26:42,040 Speaker 1: New York under the mandate, but he can't play on 470 00:26:42,119 --> 00:26:44,720 Speaker 1: the road, and the Nets recently changed their mind about 471 00:26:44,760 --> 00:26:47,000 Speaker 1: letting them do that. So Kyrie made in season debut 472 00:26:47,080 --> 00:26:49,960 Speaker 1: last night at Indiana. He played thirty two minutes toward 473 00:26:50,000 --> 00:26:52,560 Speaker 1: twenty two points. The Nets, atter a brutal first half, 474 00:26:52,840 --> 00:26:55,240 Speaker 1: came back beat the pace was once twenty nine, once 475 00:26:55,280 --> 00:27:00,080 Speaker 1: twenty one to end a three game losing Street the 476 00:27:00,200 --> 00:27:07,560 Speaker 1: Prison tonight, but everyone just stot there to have everyone. 477 00:27:07,600 --> 00:27:13,920 Speaker 1: Was also asked his position on the vaccine. But right now, 478 00:27:13,960 --> 00:27:17,040 Speaker 1: I'm one day at the time, like I said, just 479 00:27:17,119 --> 00:27:19,000 Speaker 1: enjoyed this time that I did to play with my guys. 480 00:27:19,160 --> 00:27:22,160 Speaker 1: Cavaa ran last night, thirty nine points for Brooklyn Nixon South. 481 00:27:22,200 --> 00:27:24,639 Speaker 1: Thanks play tonight at the Garden. The Rangers aren't in 482 00:27:24,800 --> 00:27:26,680 Speaker 1: laws to Vegas. St. John's one of the bigg He's 483 00:27:26,680 --> 00:27:30,760 Speaker 1: open over De Paul for Julian Topagny thirty four point 484 00:27:30,880 --> 00:27:33,440 Speaker 1: sixteen rebounds. The previous four games for the Red Storm 485 00:27:33,720 --> 00:27:35,760 Speaker 1: had been postponed to the COVID was their first game 486 00:27:36,119 --> 00:27:38,440 Speaker 1: in two and a half weeks. Tuesday game word the 487 00:27:38,480 --> 00:27:41,520 Speaker 1: Novak Djokovics was might being unvaccinated. Had been granted a 488 00:27:41,600 --> 00:27:44,359 Speaker 1: medical exemption and that despite a mandate, he would be 489 00:27:44,359 --> 00:27:47,280 Speaker 1: allowed to play the upcoming Australian Open, a tournament's one 490 00:27:47,400 --> 00:27:50,760 Speaker 1: nine times so yesterday he flew to Melbourne, but porter 491 00:27:50,840 --> 00:27:53,639 Speaker 1: officials say his visa did not include a proper reason 492 00:27:53,680 --> 00:27:56,080 Speaker 1: for the exemption. They kept him at the airport. The 493 00:27:56,160 --> 00:27:58,120 Speaker 1: latest word is that Djokovic has been allowed to stay 494 00:27:58,160 --> 00:28:01,240 Speaker 1: in Australia until at least Monday. His lawyers would filed 495 00:28:01,280 --> 00:28:03,840 Speaker 1: the legal challenge for the vs Are ruling in Australia. 496 00:28:03,920 --> 00:28:06,840 Speaker 1: There had been pushback from those who tall Djokovic was 497 00:28:06,840 --> 00:28:11,840 Speaker 1: getting preferential johns ferisht were Bloomberg's all right, John, Thanks 498 00:28:11,840 --> 00:28:13,760 Speaker 1: six thirty seven on Wall Street. Time to take a 499 00:28:13,760 --> 00:28:15,560 Speaker 1: look at stock, some of the names moving in the 500 00:28:15,600 --> 00:28:19,360 Speaker 1: pre market. Bloomberg Radio on TV. Markets correspondent Creedy Gupta 501 00:28:20,080 --> 00:28:21,920 Speaker 1: is with us this morning to take a look under 502 00:28:21,960 --> 00:28:24,760 Speaker 1: the hood after the big sell off yesterday. What you 503 00:28:24,840 --> 00:28:27,159 Speaker 1: want and creating Well, good morning, Nathan. You just mentioned 504 00:28:27,160 --> 00:28:29,080 Speaker 1: the big sell off, which is interesting because you have 505 00:28:29,160 --> 00:28:32,240 Speaker 1: some downside stories, but they're not necessarily showing up into 506 00:28:32,280 --> 00:28:34,720 Speaker 1: the stock because of how brutal the selling was yesterday. 507 00:28:34,800 --> 00:28:36,480 Speaker 1: Let me give you one example here and kick it 508 00:28:36,520 --> 00:28:39,120 Speaker 1: off with the cruise lines. Reuters reporting Royal Caribbean and 509 00:28:39,160 --> 00:28:43,000 Speaker 1: Norwegian canceled some of their sailings. Royal Caribbean canceling it's 510 00:28:43,040 --> 00:28:46,080 Speaker 1: spectrum of the sea's crews for January six and Norwegian 511 00:28:46,120 --> 00:28:49,960 Speaker 1: canceling sailings as far out as April. Originally, they actually 512 00:28:50,000 --> 00:28:52,760 Speaker 1: boosted their other peer. Remember there's that trifecta of cruise lines, 513 00:28:52,800 --> 00:28:55,520 Speaker 1: that third cruise line, Carnival Cruise Line CCLS. You're taker 514 00:28:55,880 --> 00:28:57,720 Speaker 1: up the tune of one point one percent, But it 515 00:28:57,800 --> 00:29:00,640 Speaker 1: looks like Royal Caribbean and Norwegian are timing their way 516 00:29:00,640 --> 00:29:03,040 Speaker 1: back in the pre market r cls for Royal Caribbean 517 00:29:03,360 --> 00:29:05,920 Speaker 1: up four tenths of a percent and Norwegian Cruise Lines 518 00:29:06,040 --> 00:29:08,320 Speaker 1: and c l H is your ticker, they're up eight 519 00:29:08,320 --> 00:29:10,680 Speaker 1: tenths of a percent. Whether that stays into the regular 520 00:29:10,680 --> 00:29:13,360 Speaker 1: session is going to be something to watch. Moving on 521 00:29:13,400 --> 00:29:17,160 Speaker 1: to big tech, though also a major kind of victim 522 00:29:17,320 --> 00:29:20,920 Speaker 1: of the selling yesterday, Alphabet's Google slapped with a record 523 00:29:20,960 --> 00:29:23,479 Speaker 1: French fine of a hundred and fifty million euros. It's 524 00:29:23,480 --> 00:29:26,600 Speaker 1: a hundred and seventy million dollars um by the nation's 525 00:29:26,640 --> 00:29:30,720 Speaker 1: privacy watchdog together with a sixty million euro fine for 526 00:29:30,840 --> 00:29:35,240 Speaker 1: Meta platforms Facebook over the way the companies managed cookies. 527 00:29:35,320 --> 00:29:38,680 Speaker 1: Yet again, Nathan, remember that brutal selling. It's actually pushing 528 00:29:38,680 --> 00:29:40,760 Speaker 1: the stock up higher today. What goes down or what 529 00:29:40,800 --> 00:29:42,600 Speaker 1: goes up must come down, and what goes down kind 530 00:29:42,600 --> 00:29:45,120 Speaker 1: of bounces back. So Google in the pre market g 531 00:29:45,280 --> 00:29:47,840 Speaker 1: O O G or should say Alpha Alphabet up three 532 00:29:47,840 --> 00:29:50,480 Speaker 1: tenths of a percent, and Facebook or I should say 533 00:29:50,560 --> 00:29:54,160 Speaker 1: Meta now FBS your ticker up six tenths of a percent. 534 00:29:54,280 --> 00:29:56,880 Speaker 1: Yeah for now a good point. Um. Exon is the 535 00:29:56,880 --> 00:29:59,560 Speaker 1: other one. I'm watching Iraq approving its state owned Iraq 536 00:29:59,680 --> 00:30:03,080 Speaker 1: National Oil Company to potentially purchase excellent interest in a 537 00:30:03,200 --> 00:30:05,200 Speaker 1: huge oil field in the south of the country. This 538 00:30:05,280 --> 00:30:07,560 Speaker 1: follows exce On trying to sell their thirty two point 539 00:30:07,600 --> 00:30:10,800 Speaker 1: seven percent stake to Chinese firms last year that was 540 00:30:10,920 --> 00:30:13,640 Speaker 1: not approved by the state. Nevertheless, x O m is 541 00:30:13,640 --> 00:30:16,760 Speaker 1: your ticker up one point four percent as the company 542 00:30:16,840 --> 00:30:19,360 Speaker 1: finally gets a nod from Iraq. Real quick creeding. I 543 00:30:19,360 --> 00:30:21,840 Speaker 1: guess you've got a few more analysts calls this morning. Yes, 544 00:30:21,960 --> 00:30:25,080 Speaker 1: Wells Fargo has been busy this morning, cutting target to 545 00:30:25,200 --> 00:30:27,280 Speaker 1: an equal weight from an overweight with a two hundred 546 00:30:27,320 --> 00:30:30,200 Speaker 1: thirty dollar price target t gt S, your ticker down 547 00:30:30,240 --> 00:30:33,440 Speaker 1: one point seven percent, as well as also announcing a 548 00:30:33,480 --> 00:30:37,120 Speaker 1: two hundred and twenty dollar price target for Dollar General DGS. 549 00:30:37,120 --> 00:30:40,040 Speaker 1: Your ticker there down two percent now trading, or should 550 00:30:40,200 --> 00:30:42,680 Speaker 1: say those years closed at two hundred thirty three dollars yesterday, 551 00:30:42,680 --> 00:30:44,760 Speaker 1: so I'm not exactly good news for target in Dollar 552 00:30:44,840 --> 00:30:47,960 Speaker 1: General all right. Bloomberg Radio and TV Markets correspondent Creed 553 00:30:48,120 --> 00:30:51,320 Speaker 1: Gupta with the pre market look, and as we take 554 00:30:51,360 --> 00:30:53,600 Speaker 1: a look at stocks as a whole ahead of this 555 00:30:53,640 --> 00:30:56,800 Speaker 1: Thursday morning open. Mixed action with SMP futures down a 556 00:30:56,880 --> 00:31:00,440 Speaker 1: point and a half down, futures higher by sixty six points, 557 00:31:00,800 --> 00:31:04,200 Speaker 1: NASTAC futures still lower after the big sell off from yesterday, 558 00:31:04,240 --> 00:31:07,720 Speaker 1: and tech shares A NASTAC futures are down sixty nine points. 559 00:31:07,760 --> 00:31:10,360 Speaker 1: The tenure Treasury is down seven thirty seconds in the 560 00:31:10,480 --> 00:31:14,960 Speaker 1: yield just shy at one point seven three. You're listening 561 00:31:15,160 --> 00:31:23,880 Speaker 1: to Bloomberg Daybreak, Clumber eleven, three oh weather mix of 562 00:31:23,880 --> 00:31:25,880 Speaker 1: sun and clouds today with a high near forty degrees. 563 00:31:25,880 --> 00:31:28,400 Speaker 1: Winter weather advisory for an inch or three of snow 564 00:31:28,440 --> 00:31:30,960 Speaker 1: tomorrow morning. Tomorrow in the low thirties, will be in 565 00:31:30,960 --> 00:31:33,360 Speaker 1: the low thirties as well on Saturday. Right now thirty 566 00:31:33,440 --> 00:31:40,600 Speaker 1: nine in Central Park Markets. Headlines and breaking news twenty 567 00:31:40,600 --> 00:31:43,480 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 568 00:31:43,480 --> 00:31:46,440 Speaker 1: Business apt and at Bloomberg Quick Tape. This is a 569 00:31:46,480 --> 00:31:55,280 Speaker 1: Bloomberg Business lash and I'm camera in Moscow. This update 570 00:31:55,320 --> 00:31:57,840 Speaker 1: brought to you by Sei. I imagine your asset management 571 00:31:57,840 --> 00:32:01,000 Speaker 1: firms operational infrastructure as a camp d of advantage. Let 572 00:32:01,080 --> 00:32:03,560 Speaker 1: se I show you how and se I c dot 573 00:32:03,600 --> 00:32:07,160 Speaker 1: com slash, I m s and futures are mixed to 574 00:32:07,200 --> 00:32:09,360 Speaker 1: this morning. We know the first word breaking news dance 575 00:32:09,400 --> 00:32:12,160 Speaker 1: for today's morning call. Here's Bill Maloney, Bill, good morning 576 00:32:13,320 --> 00:32:15,920 Speaker 1: and good morning charm. That's right. US features are trading 577 00:32:15,960 --> 00:32:18,680 Speaker 1: mix step too yesterday's plunge with doubt. Futures hired by 578 00:32:18,680 --> 00:32:21,479 Speaker 1: sixty two points. SNPs are down too well, the NASDEC 579 00:32:21,560 --> 00:32:24,960 Speaker 1: futures lower by sixty eight the US ten year old 580 00:32:24,960 --> 00:32:27,680 Speaker 1: at one point seven three percent, Gold is down twelve 581 00:32:27,720 --> 00:32:30,600 Speaker 1: Oil trading higher, and bigcoin is down by one point 582 00:32:30,680 --> 00:32:33,520 Speaker 1: eight percent. Japan fell two point eight percent overnight, while 583 00:32:33,600 --> 00:32:36,080 Speaker 1: up markets are also in the red this morning. And 584 00:32:36,160 --> 00:32:38,560 Speaker 1: back in the US on the economic Frinday thirty initial 585 00:32:38,640 --> 00:32:41,840 Speaker 1: jobs claims and at ten o'clock factory orders, durable goods orders, 586 00:32:41,880 --> 00:32:45,200 Speaker 1: and the I s M Services Index. After develous night, 587 00:32:45,240 --> 00:32:48,400 Speaker 1: cost go to summer total comp sales, missed estimates and 588 00:32:48,480 --> 00:32:51,360 Speaker 1: regarding earnings this morning, look for Walgreens to report in 589 00:32:51,360 --> 00:32:54,360 Speaker 1: the pre market. In deal news, VI Com, CBS and 590 00:32:54,520 --> 00:32:56,960 Speaker 1: Werner Media are said to be exploring a sale of 591 00:32:57,040 --> 00:33:00,240 Speaker 1: all our parts of the c w TV network and 592 00:33:00,320 --> 00:33:02,760 Speaker 1: wrapping things up. Gilead was cut to equal over Morgan 593 00:33:02,840 --> 00:33:05,840 Speaker 1: Stanley will Acam I was cut to neutral bred Piper 594 00:33:06,400 --> 00:33:09,680 Speaker 1: live from the first Baking newsscom do Maloney care rank Phil, 595 00:33:09,680 --> 00:33:11,440 Speaker 1: thank you and to hear live breaking news over her 596 00:33:11,440 --> 00:33:14,560 Speaker 1: Bloomberg type squawk on your terminal s A w K 597 00:33:14,720 --> 00:33:17,160 Speaker 1: and that's a Bloomberg business flash. Now here's Michael Barr 598 00:33:17,280 --> 00:33:20,040 Speaker 1: with more on what's going on around the world. Michael Karen, 599 00:33:20,080 --> 00:33:22,400 Speaker 1: thank you very much. President Joe Biden is planning a 600 00:33:22,480 --> 00:33:25,360 Speaker 1: blistering critique of Donald Trump as he marks the one 601 00:33:25,440 --> 00:33:29,200 Speaker 1: year anniversary of the January six riot at the US Capitol. 602 00:33:29,600 --> 00:33:32,240 Speaker 1: President Biden will give a speech that we're warn of 603 00:33:32,280 --> 00:33:36,320 Speaker 1: the dangers of misinformation and subverting democracy. The President this 604 00:33:36,360 --> 00:33:39,720 Speaker 1: morning will also call on lawmakers to pass voting rights legislation. 605 00:33:40,120 --> 00:33:43,560 Speaker 1: Authorities in Kazakhstan say dozens of protesters have been killed 606 00:33:43,560 --> 00:33:46,560 Speaker 1: in the attacks on government buildings, and at least twelve 607 00:33:46,600 --> 00:33:50,920 Speaker 1: police officers have died. Australian Open champion Nomak Djokovic has 608 00:33:50,960 --> 00:33:55,200 Speaker 1: been denied entry into Australia. Federal officials over rule the 609 00:33:55,280 --> 00:33:59,400 Speaker 1: state vaccine exemption for the tennis star in the NBA Kyrie, 610 00:33:59,480 --> 00:34:04,280 Speaker 1: irving it his return as the Nets down, the Pacers, 611 00:34:04,520 --> 00:34:08,400 Speaker 1: the Celtics, Wizards and Warriors all lost. Global news twenty 612 00:34:08,400 --> 00:34:11,480 Speaker 1: four hours a day on air and on Bloomberg Quick Take, 613 00:34:11,760 --> 00:34:14,800 Speaker 1: powered by more than twenty seven hundred journalists and analysts 614 00:34:14,840 --> 00:34:17,160 Speaker 1: more than a hundred twenty countries. I'm Michael Barn. This 615 00:34:17,400 --> 00:34:20,319 Speaker 1: is Bloomberg caarent A right, Michael Barr, Thank you. At 616 00:34:20,320 --> 00:34:22,960 Speaker 1: sixty nine on Wall Street, we turned to news and 617 00:34:23,080 --> 00:34:25,880 Speaker 1: science and technology Now with a Bloomberg and j I T. 618 00:34:26,080 --> 00:34:28,359 Speaker 1: STEM Report. It has brought to you by New Jersey 619 00:34:28,440 --> 00:34:31,640 Speaker 1: Institute of Technology, ranked in the top two percent nationally 620 00:34:31,760 --> 00:34:34,319 Speaker 1: for alumni mid career earnings and number one in the nation. 621 00:34:34,440 --> 00:34:37,480 Speaker 1: For student upward economic mobility. Learn more at n j I, 622 00:34:37,600 --> 00:34:40,719 Speaker 1: T dot E DU now Here's just making news and science, technology, 623 00:34:40,800 --> 00:34:44,000 Speaker 1: engineering and math. A team of scientists are sailing to 624 00:34:44,040 --> 00:34:46,480 Speaker 1: the place in the world that's the hardest to get to. 625 00:34:47,000 --> 00:34:49,560 Speaker 1: Thirty two scientists are starting a more than two month 626 00:34:49,680 --> 00:34:53,160 Speaker 1: mission aboard an American research ship to investigate a glacier 627 00:34:53,239 --> 00:34:56,320 Speaker 1: in Antarctica because of its importance the United States and 628 00:34:56,320 --> 00:34:58,239 Speaker 1: the United Kingdom, or in the midst of a joint 629 00:34:58,280 --> 00:35:01,920 Speaker 1: fifty million dollar mission to study toys the widest glacier 630 00:35:02,080 --> 00:35:05,680 Speaker 1: in the world by land and see. China has recommitted 631 00:35:05,719 --> 00:35:08,520 Speaker 1: itself to completing its orbiting space station by the end 632 00:35:08,560 --> 00:35:10,800 Speaker 1: of the year and said it's planning more than forty 633 00:35:10,880 --> 00:35:14,400 Speaker 1: launches for two putting it roughly level with the United States. 634 00:35:14,760 --> 00:35:18,160 Speaker 1: The launch schedule shows out China's traditionally cautious program is 635 00:35:18,200 --> 00:35:21,040 Speaker 1: increasing the cadence of its missions as it seeks to 636 00:35:21,120 --> 00:35:24,800 Speaker 1: take a leading role in space exploration and Alphabet's Google 637 00:35:24,920 --> 00:35:27,160 Speaker 1: has been slapped with a record French fine of one 638 00:35:27,480 --> 00:35:30,759 Speaker 1: d seventy million dollars by the nation's privacy watchdog, and 639 00:35:30,840 --> 00:35:33,880 Speaker 1: Facebook's Meta Platforms was also hit with a penalty over 640 00:35:33,960 --> 00:35:37,600 Speaker 1: the way the companies managed cookies. Cookies are tracking devices 641 00:35:37,680 --> 00:35:40,960 Speaker 1: that are placed on people's computers and as the Bloomberg 642 00:35:41,080 --> 00:35:44,400 Speaker 1: and j I t Stem report Nathan, Thanks, Karen. We're 643 00:35:44,480 --> 00:35:47,120 Speaker 1: live from the Bloomberg Interactive Broker studios, where it's coming 644 00:35:47,160 --> 00:35:49,319 Speaker 1: up to six fifty one on Wall Street. Time out 645 00:35:49,320 --> 00:35:51,080 Speaker 1: to check what's going on in d C. Some of 646 00:35:51,120 --> 00:35:54,040 Speaker 1: the top stories in our nation's capital include President Biden's 647 00:35:54,080 --> 00:35:57,120 Speaker 1: vaccine mandates, heading for a Supreme Court showdown, the White 648 00:35:57,160 --> 00:35:59,720 Speaker 1: House looking to ramp up COVID testing against a macron, 649 00:35:59,840 --> 00:36:02,560 Speaker 1: and former Fed Governor Sarah Bloom Raskin emerging as a 650 00:36:02,640 --> 00:36:05,719 Speaker 1: lead contender to be the Central banks top regulator. Also 651 00:36:05,800 --> 00:36:09,080 Speaker 1: making news, President Biden planning to mark the January sixth 652 00:36:09,120 --> 00:36:12,920 Speaker 1: anniversary with a searing critique a former President Donald Trump. 653 00:36:13,000 --> 00:36:16,880 Speaker 1: For more, We're joined by Bloomberg Government reporter Emily Wilkins. Emily, 654 00:36:17,000 --> 00:36:19,520 Speaker 1: thanks for being here. Of course, the January six was 655 00:36:19,719 --> 00:36:23,520 Speaker 1: a dark day for the country, and this anniversary potentially 656 00:36:24,000 --> 00:36:27,960 Speaker 1: could be a pivotal one for the Biden presidency. Yes, 657 00:36:28,080 --> 00:36:31,560 Speaker 1: President Biden's planning a speech this morning where he's really 658 00:36:31,600 --> 00:36:35,240 Speaker 1: going to hit former President Trump We've already seen accidents 659 00:36:35,280 --> 00:36:38,160 Speaker 1: from the speech saying that he's going to ask whether 660 00:36:38,320 --> 00:36:41,759 Speaker 1: the America's a nation that accepts political violence as a norm, 661 00:36:42,400 --> 00:36:45,920 Speaker 1: uh and one that allows partisan election officials to overturn 662 00:36:46,000 --> 00:36:49,400 Speaker 1: the will of the people. Those are questions that Biden 663 00:36:49,480 --> 00:36:51,920 Speaker 1: is going to be putting two people in a speech. 664 00:36:52,120 --> 00:36:54,400 Speaker 1: It's one of the numerous events that are happening today 665 00:36:54,520 --> 00:36:58,120 Speaker 1: at the Capitol, both from speakering Anti Bloosy and Majority 666 00:36:58,200 --> 00:37:00,600 Speaker 1: Leader Chuck Schumer. We're not going to are quite as 667 00:37:00,680 --> 00:37:03,280 Speaker 1: much from Republicans today. A lot of them are traveling 668 00:37:03,320 --> 00:37:07,759 Speaker 1: to Georgia for the funeral for the late Senator Johnny Isaacson. 669 00:37:08,160 --> 00:37:11,440 Speaker 1: But we are expecting to hear from a several lawmakers, 670 00:37:11,719 --> 00:37:14,920 Speaker 1: uh Mac Date the Florida Margie tell Green of Georgia, 671 00:37:15,080 --> 00:37:18,560 Speaker 1: two Republicans. Uh. They're holding night news conference that they're 672 00:37:18,600 --> 00:37:21,440 Speaker 1: doing as the Republican response. So that will probably get 673 00:37:21,480 --> 00:37:25,120 Speaker 1: some attention today as well. With the President putting attention 674 00:37:25,200 --> 00:37:28,560 Speaker 1: on former President Donald Trump, what does that say about 675 00:37:29,040 --> 00:37:31,920 Speaker 1: the strategy for the president going forward? What could the 676 00:37:31,920 --> 00:37:36,400 Speaker 1: political impact be? So right now, President Biden, his ratings 677 00:37:36,400 --> 00:37:39,600 Speaker 1: they're not great. Um, it sort of was downward slope, 678 00:37:39,640 --> 00:37:42,920 Speaker 1: beginning with Afghanistan back in August and now continuing with 679 00:37:43,040 --> 00:37:47,320 Speaker 1: concerns over omcron variants. DC guid it's the whole build 680 00:37:47,320 --> 00:37:50,399 Speaker 1: back Better economic plan currently being on ice right now, 681 00:37:51,000 --> 00:37:53,640 Speaker 1: and so there isn't a chance that by focusing on 682 00:37:53,800 --> 00:37:57,000 Speaker 1: Trump biding can boost his boost his own readings that 683 00:37:57,160 --> 00:37:59,879 Speaker 1: could be part of the strategy here. I think there's 684 00:37:59,880 --> 00:38:02,040 Speaker 1: a also is it just a human element to it 685 00:38:02,239 --> 00:38:04,279 Speaker 1: as well? I mean, Biden is someone who worked in 686 00:38:04,360 --> 00:38:06,880 Speaker 1: the Capitol for thirty six years of his life. This 687 00:38:07,120 --> 00:38:09,919 Speaker 1: is essentially equivalent for him to seeing his his own 688 00:38:10,000 --> 00:38:14,080 Speaker 1: office building and his own coworkers being attacked. And we 689 00:38:14,200 --> 00:38:17,320 Speaker 1: also know from the White House that the President plans 690 00:38:17,400 --> 00:38:20,360 Speaker 1: to use this anniversary to sort of put a spark 691 00:38:20,520 --> 00:38:24,279 Speaker 1: around voting rights legislation, to get Democrats rallying around that 692 00:38:24,640 --> 00:38:28,960 Speaker 1: is their momentum for voting rights reform on Capitol Hill. 693 00:38:30,200 --> 00:38:32,400 Speaker 1: There is momentum for voting rights reform, and we're going 694 00:38:32,440 --> 00:38:35,239 Speaker 1: to see the President go down to Georgia a little 695 00:38:35,239 --> 00:38:39,000 Speaker 1: bit later on next week and wind up we're continuing 696 00:38:39,080 --> 00:38:41,880 Speaker 1: to push for voting rights. The issue is that the 697 00:38:41,960 --> 00:38:46,960 Speaker 1: momentum is not enough. Uh, it's within the Democratic Party largely, 698 00:38:47,080 --> 00:38:50,880 Speaker 1: it's not within the Republican Party to do move anything 699 00:38:50,960 --> 00:38:53,000 Speaker 1: on that. They would need some sort of rules change 700 00:38:53,000 --> 00:38:56,279 Speaker 1: that would allow Democrats to move forward without Republicans. At 701 00:38:56,320 --> 00:38:58,960 Speaker 1: this point, there doesn't seem to be enough support within 702 00:38:59,120 --> 00:39:02,920 Speaker 1: the Democrats party to make changes big enough for actual 703 00:39:03,040 --> 00:39:06,319 Speaker 1: legislation to pass. Um Humor has been trying to get 704 00:39:06,400 --> 00:39:10,480 Speaker 1: voting rights through for for months now, and multiple attempts 705 00:39:10,520 --> 00:39:14,399 Speaker 1: have fell short because there aren't barely any Republicans willing 706 00:39:14,480 --> 00:39:19,000 Speaker 1: to join Democrats on the reforms being proposed. Looking to 707 00:39:19,200 --> 00:39:22,160 Speaker 1: the rest of what's happening in Washington, of course, the 708 00:39:22,200 --> 00:39:26,040 Speaker 1: focus is going to be on the January six commemorations, 709 00:39:26,239 --> 00:39:29,680 Speaker 1: but we could be right back into focusing on the 710 00:39:29,800 --> 00:39:34,640 Speaker 1: pandemic tomorrow with President Biden's vaccine mandates heading to the 711 00:39:34,680 --> 00:39:37,719 Speaker 1: Supreme Court. Yeah, it's a bring. Chris going to hear 712 00:39:37,800 --> 00:39:40,839 Speaker 1: arguments on Friday for two different administrations rule of folks 713 00:39:40,920 --> 00:39:44,520 Speaker 1: dealing with vaccines. One is requiring that companies with more 714 00:39:44,560 --> 00:39:47,960 Speaker 1: than a hundred workers require those workers yet vaccinated or 715 00:39:48,000 --> 00:39:52,000 Speaker 1: regularly tested as the second one requires workers for facilities 716 00:39:52,080 --> 00:39:55,279 Speaker 1: preceding government healthcare funding to make sure that they are 717 00:39:55,400 --> 00:39:59,600 Speaker 1: vaccinated um. Both of these could involve billions and millions 718 00:39:59,680 --> 00:40:01,920 Speaker 1: of four of hers. Could it wanted to impacting the 719 00:40:02,000 --> 00:40:05,120 Speaker 1: percentage of people in this country who are vaccinating and 720 00:40:05,200 --> 00:40:09,040 Speaker 1: currently after years only at sixty two per cent um. 721 00:40:09,360 --> 00:40:11,680 Speaker 1: Lots of questions about exactly how the Court is going 722 00:40:11,760 --> 00:40:14,600 Speaker 1: to rule. We've seen them in the past knockdown things 723 00:40:14,880 --> 00:40:18,439 Speaker 1: like the eviction moratoriums that's the Biden administration put in place, 724 00:40:18,520 --> 00:40:21,319 Speaker 1: saying that that was overreached. At the same point, we've 725 00:40:21,400 --> 00:40:23,960 Speaker 1: seen them sort of uphold the vaccine and dates at 726 00:40:24,000 --> 00:40:28,279 Speaker 1: the local level against potential religious objections. So I think 727 00:40:28,320 --> 00:40:30,680 Speaker 1: it remains to be seen exactly what the outcome is 728 00:40:30,719 --> 00:40:33,480 Speaker 1: going to be. But this is a caste that's been 729 00:40:33,600 --> 00:40:36,840 Speaker 1: expedited and certainly one that's going to be watched closely. 730 00:40:37,160 --> 00:40:39,320 Speaker 1: Now we got news from the Supreme Court yesterday that 731 00:40:39,400 --> 00:40:42,359 Speaker 1: all nine justices have received their booster shots. I wonder 732 00:40:42,400 --> 00:40:43,920 Speaker 1: if it would be too much of a stretch to 733 00:40:44,000 --> 00:40:47,040 Speaker 1: say whether that could imply where this case could be going. 734 00:40:48,719 --> 00:40:52,240 Speaker 1: I mean, it's definitely an interesting detail. Of course, as judges, 735 00:40:52,320 --> 00:40:54,720 Speaker 1: they are supposed to be keeping their their personal opinions 736 00:40:54,760 --> 00:40:57,359 Speaker 1: and preferences out of this. To focus on the law 737 00:40:57,520 --> 00:41:01,000 Speaker 1: and what's there, and this is Supreme Court that does 738 00:41:01,120 --> 00:41:04,640 Speaker 1: tendally conservative at that part of that means that the 739 00:41:04,920 --> 00:41:08,600 Speaker 1: courts not particularly inclined to be granting the US government 740 00:41:08,680 --> 00:41:12,040 Speaker 1: powers that it doesn't have. And this will ultimately be 741 00:41:12,280 --> 00:41:16,040 Speaker 1: implemented through through the Department of Labor, through OSHA and 742 00:41:16,120 --> 00:41:19,080 Speaker 1: the Safety theaters, and it's really a question whether or 743 00:41:19,120 --> 00:41:22,120 Speaker 1: not the law allows them to do this. All right, 744 00:41:22,120 --> 00:41:25,399 Speaker 1: Bloomberg Government reporter Emily Wilkins with us this morning from 745 00:41:25,440 --> 00:41:28,680 Speaker 1: the Nation's Capital. Where as we've been reporting, the focus 746 00:41:28,880 --> 00:41:33,799 Speaker 1: is going to be on the commemorations marking one year 747 00:41:34,280 --> 00:41:37,719 Speaker 1: since the riot the insurrection at the US Capitol. Stay 748 00:41:37,760 --> 00:41:40,279 Speaker 1: with Bloomberg Radio throughout the day. We're going to be 749 00:41:40,360 --> 00:41:44,439 Speaker 1: bringing you President Biden's remarks from Capitol Hill. Uh. They're 750 00:41:45,040 --> 00:41:47,960 Speaker 1: scheduled for nine am Wall Street time. We will have 751 00:41:48,360 --> 00:41:52,240 Speaker 1: live coverage of the President's speech that at that moment 752 00:41:52,600 --> 00:41:55,080 Speaker 1: right here on Bloomberg Radio. And of course you can 753 00:41:55,120 --> 00:41:57,720 Speaker 1: read more about all that's happening in the Nation's Capital 754 00:41:58,080 --> 00:42:00,320 Speaker 1: on Bloomberg dot com or on the Bloomberg Minal and 755 00:42:00,360 --> 00:42:03,520 Speaker 1: listen to Bloomberg Radio in Washington at Bloomberg one and 756 00:42:03,600 --> 00:42:06,759 Speaker 1: one oh five point seven fm HD two. Looking ahead 757 00:42:06,800 --> 00:42:09,239 Speaker 1: to the market open, uh We're seeing mixed action in 758 00:42:09,400 --> 00:42:12,279 Speaker 1: the futures contracts, with SMP futures down a point right now, 759 00:42:12,440 --> 00:42:17,560 Speaker 1: DAL futures up seventy. NASTAC futures are lower by seventy points. 760 00:42:17,600 --> 00:42:20,640 Speaker 1: The tenure treasury is down eight thirty seconds. The yield 761 00:42:20,719 --> 00:42:22,960 Speaker 1: one point seven three percent yield on the two year 762 00:42:23,040 --> 00:42:26,359 Speaker 1: point eight five percent. NIMEX crude is up one point 763 00:42:26,400 --> 00:42:28,840 Speaker 1: two percent, or ninety five cents at seventy eighty one 764 00:42:28,880 --> 00:42:32,680 Speaker 1: of barrel comes Gold down a percent and a half, 765 00:42:33,160 --> 00:42:36,319 Speaker 1: down twenty seven dollars forty cents at seventeen ninety seven 766 00:42:36,440 --> 00:42:40,840 Speaker 1: seventy announced bitcoint forty two thousand, eight hundred seventy dollars. 767 00:42:41,360 --> 00:42:45,080 Speaker 1: Bloomberg Surveillance up next for Karen Moscow. I'm Nathan Hager, 768 00:42:45,200 --> 00:42:47,600 Speaker 1: and this is Bloomberg