1
00:00:01,639 --> 00:00:04,760
Speaker 1: Live from the Bloomberg Interacted Brooker Studios. This is Bloomberg

2
00:00:04,800 --> 00:00:08,920
Speaker 1: day Break for Thursday, February coming up to sour. It

3
00:00:09,080 --> 00:00:12,320
Speaker 1: is the worst security crisis in Europe since World War Two.

4
00:00:12,480 --> 00:00:16,520
Speaker 1: Russia launches missiles, artillery and air attacks on Ukraine. Vlodomir

5
00:00:16,520 --> 00:00:19,960
Speaker 1: Putin vows to demilitarize the country and replace its leaders.

6
00:00:19,960 --> 00:00:23,520
Speaker 1: A conflict up ends markets, says global sucks, tumble, treasuries

7
00:00:23,600 --> 00:00:26,040
Speaker 1: rally and oil searches stop man at and d A.

8
00:00:26,160 --> 00:00:29,840
Speaker 1: Prosecutors probing too criminal case against former President Trump f quits,

9
00:00:29,840 --> 00:00:33,640
Speaker 1: plus Canada flips its emergency powers after and in truck protests.

10
00:00:33,640 --> 00:00:36,320
Speaker 1: I'm Michael larn More Han, I'm John Stashower and sports

11
00:00:36,400 --> 00:00:38,640
Speaker 1: kemba Walker will not play again this season for the

12
00:00:38,680 --> 00:00:41,159
Speaker 1: next a loss for St. John's. The Nets and Rangers

13
00:00:41,200 --> 00:00:46,360
Speaker 1: both have games tonight. That's all straight Ahead on Bloomberg

14
00:00:46,400 --> 00:00:51,560
Speaker 1: day Break on Bloomberg Elementoro, New York, Bloomberg one, Washington,

15
00:00:51,680 --> 00:00:55,680
Speaker 1: d C, Bloomberg one, O six one, Boston, Bloomberg nine sixty,

16
00:00:55,760 --> 00:00:59,760
Speaker 1: San Francisco, Sirius x M one nineteen and around the

17
00:00:59,760 --> 00:01:02,520
Speaker 1: world Old on Bloomberg Radio dot Com and via the

18
00:01:02,640 --> 00:01:10,080
Speaker 1: Bloomberg Business. Good morning. I'm Nathan Hagar and I'm Karen Moscow.

19
00:01:10,120 --> 00:01:14,840
Speaker 1: Global stocks tumbling and energy prices surging as Russia attacks Ukraine.

20
00:01:14,840 --> 00:01:16,600
Speaker 1: We're coming up to six o one on Wall Street.

21
00:01:16,720 --> 00:01:19,119
Speaker 1: We check the markets every fifteen minutes throughout the trading

22
00:01:19,200 --> 00:01:22,000
Speaker 1: day on Bloomberg S and P Future is down almost

23
00:01:22,080 --> 00:01:24,920
Speaker 1: ninety points, down two point one percent down. Future is

24
00:01:24,959 --> 00:01:27,880
Speaker 1: down seven hundred twenty four and NASDAG futures down to

25
00:01:27,959 --> 00:01:31,120
Speaker 1: three hundred sixty. The decks in Germany is down four

26
00:01:31,200 --> 00:01:34,959
Speaker 1: point six percent, cap in Paris down four point four percent.

27
00:01:35,000 --> 00:01:36,920
Speaker 1: In the foot Sea one had red down three percent,

28
00:01:37,200 --> 00:01:39,680
Speaker 1: Tenure Treasury up one in seven thirty seconds, he had

29
00:01:39,720 --> 00:01:42,080
Speaker 1: one point eight five percent yield on the two year

30
00:01:42,200 --> 00:01:45,000
Speaker 1: one point four seven percent, and Nimex screwed oil is

31
00:01:45,040 --> 00:01:47,560
Speaker 1: at eight point four percent, up seven dollars sixty eight

32
00:01:47,600 --> 00:01:51,200
Speaker 1: cents at seventy seven cents a barrel. Nathan, we'll caring.

33
00:01:51,240 --> 00:01:54,720
Speaker 1: This huge market reaction follows the latest developments out of Ukraine.

34
00:01:54,800 --> 00:01:59,400
Speaker 1: Russian forces have targeted attack targets across the country. Ukraine

35
00:01:59,440 --> 00:02:02,360
Speaker 1: is calling this a full scale invasion, and Amy Morris

36
00:02:02,400 --> 00:02:04,560
Speaker 1: has the very latest from our Bloomberg ninety nine one

37
00:02:04,560 --> 00:02:08,800
Speaker 1: newsroom in Washington. Russia launched a barage of missile, artillery

38
00:02:08,880 --> 00:02:12,360
Speaker 1: and air attacks, triggering the worst security crisis Europe has

39
00:02:12,360 --> 00:02:15,880
Speaker 1: witnessed in decades. Ukraine's border guard says it's being shelled

40
00:02:15,919 --> 00:02:19,120
Speaker 1: from five regions, including from Crimea in the south and

41
00:02:19,200 --> 00:02:22,200
Speaker 1: Belarus to the north, and that Russian forces had crossed

42
00:02:22,240 --> 00:02:26,120
Speaker 1: into the country. Citizens are being moved into shelters. Security

43
00:02:26,160 --> 00:02:29,920
Speaker 1: camera footage shows a line of Russian military vehicles crossing

44
00:02:29,960 --> 00:02:33,760
Speaker 1: into Ukraine from Crimea. President Biden plans to address the

45
00:02:33,760 --> 00:02:36,840
Speaker 1: American people who announce further punishments to be placed on

46
00:02:36,919 --> 00:02:40,920
Speaker 1: Moscow in Washington. I'm Maymy Morris Bloomberg Daybreak, Amy, thank you.

47
00:02:40,960 --> 00:02:44,640
Speaker 1: In Ukraine, President vladimir's Lensky has imposed martial law. He

48
00:02:44,760 --> 00:02:49,440
Speaker 1: had this message for Ukrainian citizens. We don't need a

49
00:02:49,480 --> 00:02:52,680
Speaker 1: cold or hot or hybrid war, but if we are

50
00:02:52,680 --> 00:02:55,720
Speaker 1: attacked by troops, if they try to take away our country,

51
00:02:55,919 --> 00:02:58,800
Speaker 1: our freedom of life, the lives of our children, we

52
00:02:58,880 --> 00:03:02,840
Speaker 1: will defend ourselves. Ukrainian President Vladimir Zolenski says he is

53
00:03:02,880 --> 00:03:06,240
Speaker 1: building an anti Putin coalition after speaking as several world

54
00:03:06,360 --> 00:03:09,639
Speaker 1: leaders he calls for immediate sanctions on Russia, as well

55
00:03:09,680 --> 00:03:13,520
Speaker 1: as defense and financial support for Ukraine. Meantime, in Russia Karen,

56
00:03:13,560 --> 00:03:16,920
Speaker 1: President Vladimir Putin announced the attack and its televised addressed

57
00:03:16,960 --> 00:03:20,040
Speaker 1: to his nation were putting into Austria. I decided to

58
00:03:20,080 --> 00:03:24,000
Speaker 1: conduct a special military operation. Its goal is the protection

59
00:03:24,040 --> 00:03:27,720
Speaker 1: of the people who for eight years suffered from abuse

60
00:03:27,800 --> 00:03:31,280
Speaker 1: and genocide from the key of regime. Well. Despite the attack,

61
00:03:31,320 --> 00:03:34,480
Speaker 1: President Putin insists he does not plan to occupy Ukraine.

62
00:03:35,000 --> 00:03:37,960
Speaker 1: Putin The speech lasted twenty eight minutes. Nathan he claimed

63
00:03:37,960 --> 00:03:40,200
Speaker 1: the U S and his allies crossed Russia as a

64
00:03:40,320 --> 00:03:43,760
Speaker 1: red allignes by expanding the NATO alliance. We get more

65
00:03:43,840 --> 00:03:47,400
Speaker 1: from Bloomberg News editor Tony Helpin. In Moscow, he made

66
00:03:47,400 --> 00:03:50,640
Speaker 1: a long speech in which he basically argued that the

67
00:03:50,760 --> 00:03:53,440
Speaker 1: West continued to present a treat to Russia and that

68
00:03:53,760 --> 00:03:59,000
Speaker 1: expansive NATO had crossed Russia's redline. UM in regard to

69
00:03:59,080 --> 00:04:01,520
Speaker 1: Ukraine and others old of that he was launching this

70
00:04:01,640 --> 00:04:05,160
Speaker 1: military operation. Um initially spoke about the dom Basta, They

71
00:04:05,760 --> 00:04:10,520
Speaker 1: spoke so about demilitarizing the Ukraine as a whole. Bloomberg

72
00:04:10,560 --> 00:04:13,840
Speaker 1: Tony Halpin says. President Putin claims he is taking action

73
00:04:13,880 --> 00:04:17,880
Speaker 1: to protect civilians from Ukraine's military, though there's no evidence

74
00:04:17,960 --> 00:04:21,480
Speaker 1: they were under any threat. Ukraine's Foreign Minister Demitro Kuleba

75
00:04:21,520 --> 00:04:23,480
Speaker 1: says Putin could have been deterred if they had been

76
00:04:23,520 --> 00:04:26,120
Speaker 1: sanctioned sooner. Even before the attack, he was calling for

77
00:04:26,200 --> 00:04:29,000
Speaker 1: stronger penalties on Russia. It sends a strong message to

78
00:04:29,040 --> 00:04:31,200
Speaker 1: put In, but it still doesn't stop him. So it

79
00:04:31,200 --> 00:04:33,559
Speaker 1: means we need more sanctions, We need the second wave

80
00:04:33,880 --> 00:04:37,360
Speaker 1: and then probably the third way until it gets clear

81
00:04:37,440 --> 00:04:41,480
Speaker 1: to him that he shouldn't make any step further. Ukrainian

82
00:04:41,480 --> 00:04:45,160
Speaker 1: Foreign Minister Demitro Kuleba spoke exclusively to Bloomberg Radio and Television.

83
00:04:45,160 --> 00:04:47,280
Speaker 1: Stay tuned for more of that conversation. It's coming up

84
00:04:47,320 --> 00:04:49,760
Speaker 1: shortly on Bloomberg Day Break. Well, Nathan, as we said,

85
00:04:49,800 --> 00:04:52,560
Speaker 1: the Russian attack is up ending markets this morning. Stocks

86
00:04:52,560 --> 00:04:56,000
Speaker 1: are tumbling, treasuries are rallying, oil searching. The plunge in

87
00:04:56,000 --> 00:04:58,120
Speaker 1: equities is the worst in Europe at the moment. And

88
00:04:58,160 --> 00:04:59,960
Speaker 1: we go live to London and get a very late

89
00:05:00,320 --> 00:05:03,520
Speaker 1: but the Bloomberg's Max to Ramsey, Good morning, Max, Good

90
00:05:03,520 --> 00:05:06,359
Speaker 1: morning to you, Karen, and Nathan. Yes, we're seeing real

91
00:05:06,440 --> 00:05:10,360
Speaker 1: downward pressure on European stocks today with all of this

92
00:05:10,520 --> 00:05:14,760
Speaker 1: geopolitical news and this invasion. The falls of three point

93
00:05:14,800 --> 00:05:17,920
Speaker 1: one percent, the cacoron in France falls four point six percent,

94
00:05:17,960 --> 00:05:22,119
Speaker 1: the decks leads losses down four point eight percent right now.

95
00:05:22,560 --> 00:05:27,000
Speaker 1: Energy particularly in focus. European natural gas has surged today,

96
00:05:27,120 --> 00:05:31,040
Speaker 1: rising as much as thirty percent, with the prospect, of course,

97
00:05:31,080 --> 00:05:35,000
Speaker 1: the risk that gas flows could be cut off by Russia.

98
00:05:35,040 --> 00:05:39,800
Speaker 1: We're also seeing pain coming through Russian assets, the benchmark

99
00:05:39,920 --> 00:05:43,320
Speaker 1: Moex stock index in Russia tumbling today as much as

100
00:05:43,360 --> 00:05:47,000
Speaker 1: around fort the ruble also falling against the dollar, trading

101
00:05:47,000 --> 00:05:50,520
Speaker 1: at eighty three dollars forty three right now. Live in London,

102
00:05:50,560 --> 00:05:53,120
Speaker 1: Max Ramsey Boomberg day break, Thank you Max. The lasses

103
00:05:53,160 --> 00:05:55,640
Speaker 1: were also heavy in Asia overnight. Let's get that recamp

104
00:05:55,640 --> 00:05:59,159
Speaker 1: from Bloombridge. Juliet Sally in Singapore. Good morning, Juliet, Good morning,

105
00:05:59,240 --> 00:06:01,640
Speaker 1: Nathan and Karen. The MSCI Asia Pacific Index had its

106
00:06:01,640 --> 00:06:04,000
Speaker 1: biggest one day drop in a year, falling to November

107
00:06:04,040 --> 00:06:07,799
Speaker 1: twenty twenty laws as markets from Singapore, Australia, Hong Kong

108
00:06:08,120 --> 00:06:12,520
Speaker 1: extended losses of around three percent Australia's tenure bondial dropping

109
00:06:12,520 --> 00:06:15,320
Speaker 1: as much as eleven basis points. The yen leading games

110
00:06:15,360 --> 00:06:17,880
Speaker 1: in the G ten space Elsewhere. The one weekend is

111
00:06:17,920 --> 00:06:19,920
Speaker 1: the Bank of Korea kept rates on hold at one

112
00:06:19,920 --> 00:06:23,600
Speaker 1: point to five, Governor Lee noting the Ukraine crisis could

113
00:06:23,600 --> 00:06:27,440
Speaker 1: have a significant impact on inflation in Singapore. Juliette Sale

114
00:06:27,440 --> 00:06:30,320
Speaker 1: Bloomberg Daybreak, Julia, thank you. When it comes to the attack,

115
00:06:30,440 --> 00:06:34,320
Speaker 1: China is calling for restraint, but it's not condemning Russia's actions.

116
00:06:34,440 --> 00:06:37,719
Speaker 1: Beijing repeated criticism that the US was to blame for

117
00:06:37,880 --> 00:06:40,920
Speaker 1: hyping the prospect of war in Eastern Europe. It says

118
00:06:41,000 --> 00:06:43,719
Speaker 1: China and Russia are our our strategic partners and trade will

119
00:06:43,720 --> 00:06:46,240
Speaker 1: continue as normal. And we're also seeing major moves and

120
00:06:46,360 --> 00:06:49,080
Speaker 1: energy markets. This morning, Karen oil is surging, crossing a

121
00:06:49,160 --> 00:06:52,080
Speaker 1: hundred dollars of barrel for the first time since and

122
00:06:52,120 --> 00:06:54,599
Speaker 1: it could go even higher from here, according to Neil

123
00:06:54,640 --> 00:06:57,400
Speaker 1: Beverage at Sanford Bernstein. Yeah, I don't think we've seen

124
00:06:57,480 --> 00:07:02,520
Speaker 1: the highest places yetiman I accept prices hundred hundreds, the

125
00:07:02,520 --> 00:07:05,320
Speaker 1: battle checking prices now. Brent cruds at a hundred four

126
00:07:05,360 --> 00:07:07,320
Speaker 1: dollars three cents of barrel. That's a game of eight

127
00:07:07,360 --> 00:07:09,680
Speaker 1: and a quarter percent. Nimex Scrude had been above a

128
00:07:09,760 --> 00:07:11,800
Speaker 1: hundred dollars of barrel at one point. Right now it's

129
00:07:11,800 --> 00:07:14,840
Speaker 1: at ninety nine dollars fifty nine cents. Straight ahead your

130
00:07:14,920 --> 00:07:18,520
Speaker 1: latest local headlines in the check of sports. This is Bloomberg.

131
00:07:23,160 --> 00:07:25,840
Speaker 1: It's now six though seven on Wall Street, one degrees

132
00:07:25,920 --> 00:07:28,880
Speaker 1: in Central Park. Winter weather advisory and effect for tonight

133
00:07:28,880 --> 00:07:31,040
Speaker 1: and the disabled vehicles causing the lays on the Van

134
00:07:31,080 --> 00:07:33,760
Speaker 1: Wick one on that shortly. First, Michael bar with more

135
00:07:33,760 --> 00:07:35,800
Speaker 1: on what's going on in New York and around the world. Michael,

136
00:07:35,880 --> 00:07:38,480
Speaker 1: thank you very much. Nathan. A winter whether advisory is

137
00:07:38,520 --> 00:07:40,800
Speaker 1: now in effect for the Dry State area from ten

138
00:07:40,880 --> 00:07:44,160
Speaker 1: pm this evening to one pm tomorrow. It was in

139
00:07:44,200 --> 00:07:47,840
Speaker 1: the mid sixties in New York City yesterday. Bloomberg meteorologist

140
00:07:47,920 --> 00:07:50,640
Speaker 1: Rob Carolin has the latest. Michael. The Tri State area

141
00:07:50,680 --> 00:07:53,400
Speaker 1: has a messy mix of precipitation headed our way. We'll

142
00:07:53,400 --> 00:07:55,160
Speaker 1: look for a few leak day snow showers, but it

143
00:07:55,200 --> 00:07:57,920
Speaker 1: looks like snow develops during the evening along the coast.

144
00:07:57,920 --> 00:07:59,640
Speaker 1: It's going to change over to sleep, then go over

145
00:07:59,680 --> 00:08:02,360
Speaker 1: to freeze rain That should limit the accumulations in the

146
00:08:02,360 --> 00:08:04,920
Speaker 1: city to about one to three inches. It's the areas

147
00:08:04,960 --> 00:08:06,920
Speaker 1: to the northwest and the north of the city that

148
00:08:06,920 --> 00:08:08,920
Speaker 1: could see three to six inches of snow before that

149
00:08:09,000 --> 00:08:11,200
Speaker 1: change over to sleep, then some freezing rain and rain.

150
00:08:11,520 --> 00:08:14,440
Speaker 1: It all should wind down very early tomorrow morning, improving

151
00:08:14,480 --> 00:08:17,960
Speaker 1: conditions tomorrow afternoon. Michael rob thank you, sir. The future

152
00:08:18,000 --> 00:08:21,720
Speaker 1: of the Manhattan criminal investigation into former President Donald Trump's

153
00:08:21,760 --> 00:08:25,760
Speaker 1: now in question. Two prosecutors in charge of the Manhattan

154
00:08:25,760 --> 00:08:29,960
Speaker 1: District Attorney's criminal investigation in the Trump have suddenly resigned.

155
00:08:30,240 --> 00:08:33,800
Speaker 1: A spokesperson for d A. Alvin Bragg says Kerry Dunn

156
00:08:34,160 --> 00:08:37,880
Speaker 1: and Mark Pomerans both resigned. Both started on the probe

157
00:08:37,920 --> 00:08:41,240
Speaker 1: under former District Attorney Cyrus Vans Jr. And we're asked

158
00:08:41,240 --> 00:08:44,880
Speaker 1: to stay when Bragg took office. Legal landilist Lorie Levinson

159
00:08:45,000 --> 00:08:47,600
Speaker 1: was asked about the impact on the criminal probe. It's

160
00:08:47,600 --> 00:08:50,520
Speaker 1: hard to know exactly because it's a bit like reading

161
00:08:50,600 --> 00:08:53,959
Speaker 1: tea leaves. But when you have the prosecutors who were

162
00:08:54,040 --> 00:08:58,080
Speaker 1: brought in to put together a case against Trump decide

163
00:08:58,120 --> 00:09:02,160
Speaker 1: abruptly that they're leaving DA's office, it's at least the

164
00:09:02,280 --> 00:09:07,000
Speaker 1: suggestion that there's disagreements among the head office Loyola Law

165
00:09:07,040 --> 00:09:11,680
Speaker 1: School professor Lori Levinson. Meanwhile, the separate criminal case being

166
00:09:11,679 --> 00:09:15,320
Speaker 1: conducted in cooperation with the New York Attorney General, Letitia

167
00:09:15,400 --> 00:09:18,920
Speaker 1: James continues. New York Mayor Eric Adams says he could

168
00:09:18,920 --> 00:09:22,080
Speaker 1: be easing COVID restrictions in the city soon. Adam said

169
00:09:22,160 --> 00:09:24,600
Speaker 1: yesterday he will likely be easing some of the indoor

170
00:09:24,679 --> 00:09:28,240
Speaker 1: mask and vaccine mandates. The mayor says he will release

171
00:09:28,320 --> 00:09:31,280
Speaker 1: more details in the coming weeks. A former New York

172
00:09:31,280 --> 00:09:34,160
Speaker 1: City Police union president was released on a quarter million

173
00:09:34,160 --> 00:09:37,800
Speaker 1: dollars bail. At Mullins pleaded not guilty to stealing hundreds

174
00:09:37,800 --> 00:09:40,800
Speaker 1: of thousands of dollars from the union. Canada is lifting

175
00:09:40,840 --> 00:09:43,360
Speaker 1: the emergency powers that enacted more than a week ago

176
00:09:43,480 --> 00:09:47,040
Speaker 1: to get street protests under control. Hundreds of semis and

177
00:09:47,080 --> 00:09:50,960
Speaker 1: other heavy vehicles blockaded downtown out of baw for three weeks.

178
00:09:51,400 --> 00:09:54,079
Speaker 1: Global News twenty four hours a day on air and

179
00:09:54,240 --> 00:09:57,319
Speaker 1: on Bloomberg Quick Take power by more than twenty d

180
00:09:57,360 --> 00:09:59,880
Speaker 1: journalist and analyist more than a hundred twenty countries. Mike

181
00:10:00,080 --> 00:10:07,000
Speaker 1: bar this is Bloomberg, Nathan, thank you. Michael coun him

182
00:10:07,040 --> 00:10:09,480
Speaker 1: to six ten on Wall Street. John Stanschar the Bloomberg

183
00:10:09,520 --> 00:10:11,560
Speaker 1: Sports Update. All right, Nathan. The Knicks put out a

184
00:10:11,640 --> 00:10:15,040
Speaker 1: surprising statement yesterday the season's over for Kemba Walker, not

185
00:10:15,160 --> 00:10:17,320
Speaker 1: due to injury. Although Walker has a knee problem that

186
00:10:17,360 --> 00:10:20,439
Speaker 1: has contributed, they have not playing like he did in Charlotte.

187
00:10:20,480 --> 00:10:22,200
Speaker 1: It was a fourth time. Also, this appears to be

188
00:10:22,559 --> 00:10:25,080
Speaker 1: at least somewhat of a mutual decision, and it ends

189
00:10:25,120 --> 00:10:27,760
Speaker 1: a strange season for the New York City native. Walker

190
00:10:28,160 --> 00:10:30,920
Speaker 1: was the starting point guard and got completely taken out

191
00:10:30,920 --> 00:10:33,040
Speaker 1: of the rotation, and then due to injuries and cover

192
00:10:33,200 --> 00:10:35,160
Speaker 1: he returned again as the starter. He actually had a

193
00:10:35,160 --> 00:10:37,880
Speaker 1: forty four point game, but now his season's over. The

194
00:10:37,920 --> 00:10:40,160
Speaker 1: Knicks returned to the All Star Break tomorrow in Miami,

195
00:10:40,200 --> 00:10:42,720
Speaker 1: and the Nets got some good news on their point guard.

196
00:10:42,760 --> 00:10:45,080
Speaker 1: Has just heard earlier Mayor Adams looking to phase out

197
00:10:45,120 --> 00:10:48,800
Speaker 1: the vaccine mandate that would allow the unvaccinated entire irby

198
00:10:48,880 --> 00:10:50,880
Speaker 1: to play home game for the first time this season

199
00:10:51,200 --> 00:10:54,480
Speaker 1: of Brooklyn coach Sneth nat I think he's working towards

200
00:10:54,520 --> 00:10:57,400
Speaker 1: being able to play in every game, so if the

201
00:10:57,440 --> 00:11:00,000
Speaker 1: mandate is lifting, the expectation would be that he could

202
00:11:00,040 --> 00:11:03,040
Speaker 1: playing all it is, so I think that's what he's

203
00:11:03,080 --> 00:11:05,320
Speaker 1: been waiting for and what he's excited about. And if

204
00:11:05,360 --> 00:11:08,280
Speaker 1: the opportunity arises, you know, the playing the goals from

205
00:11:08,280 --> 00:11:10,959
Speaker 1: the play. Every next tonight it was the Celtics. All

206
00:11:11,000 --> 00:11:14,000
Speaker 1: three local hockey team played tonight, the Rangers, I was Washington,

207
00:11:14,040 --> 00:11:16,679
Speaker 1: the Islanders visit San Jose, and the Devil's are in

208
00:11:16,720 --> 00:11:19,480
Speaker 1: Pittsburgh College hips St. John's had a seven point at

209
00:11:19,520 --> 00:11:22,320
Speaker 1: the half back came Creighton to win one seventy eight

210
00:11:22,520 --> 00:11:24,640
Speaker 1: Blue Jay six point in a row. Rough night for

211
00:11:24,720 --> 00:11:27,040
Speaker 1: Julian Chempagny, the Red Storms leading score. He shot just

212
00:11:27,080 --> 00:11:30,640
Speaker 1: three of sixteen. Seaton Halby Butler sixties six to sixty. I.

213
00:11:30,679 --> 00:11:33,080
Speaker 1: Pivate's got thirty five points on their bench. Much improved

214
00:11:33,080 --> 00:11:35,840
Speaker 1: Fordam beat Le Sal sixty to fifty four. The Rams

215
00:11:35,840 --> 00:11:38,840
Speaker 1: are having their best season since two thousand sixteen. Rutgers

216
00:11:38,880 --> 00:11:41,920
Speaker 1: lost at Michigan seventy one sixty two. The wolver Rings

217
00:11:41,920 --> 00:11:44,400
Speaker 1: are playing for the first time without their suspended coach,

218
00:11:44,480 --> 00:11:48,040
Speaker 1: Jowan Hell John's dash Awart bloom Brooks forwards statement, all right, John,

219
00:11:48,120 --> 00:11:50,760
Speaker 1: thank you now. SMP futures are down a hundred two points. Down,

220
00:11:50,800 --> 00:11:53,679
Speaker 1: futures down eight hundred thirteen, nest A futures lower by

221
00:11:53,760 --> 00:11:56,599
Speaker 1: four hundred twelve points, the tenure Treasury up one and

222
00:11:56,720 --> 00:11:59,839
Speaker 1: nine thirty seconds, the yield one point eight four per cent.

223
00:12:00,280 --> 00:12:08,360
Speaker 1: You're listening to Bloomberg Day Break Bloomberg eleven three oh

224
00:12:08,360 --> 00:12:10,800
Speaker 1: weather winter weather advisory for the Tri State area from

225
00:12:10,880 --> 00:12:14,960
Speaker 1: ten tonight till one tomorrow afternoon with rain, sleet, snow

226
00:12:15,480 --> 00:12:17,520
Speaker 1: will be in the back of the sunshine by Saturday.

227
00:12:17,880 --> 00:12:23,640
Speaker 1: Right now thirty in Central Park Markets, headlines and breaking

228
00:12:23,720 --> 00:12:26,559
Speaker 1: news twenty four hours a day at Bloomberg dot Com,

229
00:12:26,720 --> 00:12:30,960
Speaker 1: The Bloomberg Business and at Bloomberg Quicktake. He's a Bloomberg

230
00:12:31,040 --> 00:12:40,160
Speaker 1: Business lash and I'm Karen Moscow. Global stocks and US

231
00:12:40,200 --> 00:12:44,320
Speaker 1: Stock Index futures tumbling this morning, while bonds and oil

232
00:12:44,440 --> 00:12:47,839
Speaker 1: are soaring as Russian President Vladimir Plum's decision to order

233
00:12:47,840 --> 00:12:51,520
Speaker 1: a military attack on Ukraine casta paul over global markets.

234
00:12:51,559 --> 00:12:53,720
Speaker 1: We checked the markets every fifteen minutes throughout the trading

235
00:12:53,840 --> 00:12:56,960
Speaker 1: day on Bloomberg. Right now, SNP futures are down one

236
00:12:57,200 --> 00:13:00,559
Speaker 1: d six points. Now futures down eight hundred thirty two,

237
00:13:00,720 --> 00:13:03,280
Speaker 1: both down more than two and a half percent. This morning,

238
00:13:03,320 --> 00:13:06,040
Speaker 1: while nastack futures are down more than three point one percent,

239
00:13:06,360 --> 00:13:09,559
Speaker 1: down four hundred twenty points. The decks in Germany is

240
00:13:09,640 --> 00:13:13,000
Speaker 1: down five point one percent. Ten year treasury up one

241
00:13:13,040 --> 00:13:15,400
Speaker 1: and seven thirty seconds. He had one point eight five percent,

242
00:13:15,520 --> 00:13:18,120
Speaker 1: that yield on the two year one point four seven percent.

243
00:13:18,640 --> 00:13:21,880
Speaker 1: NIMEX scrude oil jumping up eight point four percent, up

244
00:13:21,920 --> 00:13:24,680
Speaker 1: seven dollars sixty six cents at ninety nine seventy seven

245
00:13:24,800 --> 00:13:27,120
Speaker 1: cents of barrel. Brent is up eight and a half

246
00:13:27,200 --> 00:13:30,400
Speaker 1: percent at one hundred five dollars six cents. Come xs

247
00:13:30,440 --> 00:13:32,640
Speaker 1: gold is up three point three percent, up sixty three

248
00:13:32,679 --> 00:13:36,360
Speaker 1: dollars at nineteen seventy three sixty announced, the Euro one

249
00:13:36,400 --> 00:13:39,200
Speaker 1: point one eight against the dollar, British pound one point

250
00:13:39,280 --> 00:13:41,720
Speaker 1: three three nine four, the end is at one fourteen

251
00:13:41,800 --> 00:13:44,480
Speaker 1: point six six and Bitcoin this morning down more than

252
00:13:44,559 --> 00:13:47,840
Speaker 1: six and a half percent at thirty five thousand, sixty dollars.

253
00:13:48,080 --> 00:13:51,360
Speaker 1: And as a Bloomberg business flash, and now with more

254
00:13:51,440 --> 00:13:54,120
Speaker 1: on what's going on around the world, here's Michael Barr. Michael,

255
00:13:54,280 --> 00:13:56,240
Speaker 1: thank you very much, darn your prainty and President of

256
00:13:56,280 --> 00:14:00,440
Speaker 1: Voladimir's Lenski is urging global leaders to provide defense assistance

257
00:14:00,480 --> 00:14:03,480
Speaker 1: to Ukraine and helped protected Sarah Space from Russia. It

258
00:14:03,679 --> 00:14:07,760
Speaker 1: comes amid Russia's attack on Ukraine. Zelenski said that Russia

259
00:14:07,840 --> 00:14:11,160
Speaker 1: has unleashed war with Ukraine and has declared martial law.

260
00:14:11,880 --> 00:14:16,240
Speaker 1: Ukraine's interior ministry said that the capital Kiev was being

261
00:14:16,320 --> 00:14:20,000
Speaker 1: targeted and urged citizens to go to shelters. In the US,

262
00:14:20,080 --> 00:14:23,080
Speaker 1: President Joe Biden says he will be imposing severe sanctions

263
00:14:23,120 --> 00:14:26,280
Speaker 1: on Russia. Major League Baseball gave locked out players until

264
00:14:26,320 --> 00:14:29,160
Speaker 1: Monday to salvage March thirty first openers and a full season.

265
00:14:29,720 --> 00:14:32,440
Speaker 1: MLB told the union that games would be canceled if

266
00:14:32,440 --> 00:14:35,320
Speaker 1: a labor contract has not agreed to by then. Global

267
00:14:35,400 --> 00:14:37,880
Speaker 1: News twenty four hours a day on air and on

268
00:14:38,000 --> 00:14:41,440
Speaker 1: Bloomberg Quick Take, powered by more than twenties seven under

269
00:14:41,520 --> 00:14:44,320
Speaker 1: journalists and analysts more than a hundred twenty countries. Michael

270
00:14:44,400 --> 00:14:47,240
Speaker 1: Barr and This is Bloomberg. Nathan Okay, Michael, thank you?

271
00:14:47,320 --> 00:14:49,560
Speaker 1: At six nineteen on Wall Street Life from the Bloomberg

272
00:14:49,600 --> 00:14:53,360
Speaker 1: Interactive Brokers Studios. This is Bloomberg Daybreak and Bloomberg's executive

273
00:14:53,440 --> 00:14:56,720
Speaker 1: editor for International Relations, Rosalind Matheson is back with US

274
00:14:56,760 --> 00:15:01,080
Speaker 1: as we continue monitoring the situation in Ukraine. Raz Good morning.

275
00:15:01,200 --> 00:15:03,120
Speaker 1: What's the latest as far as what we're hearing on

276
00:15:03,240 --> 00:15:07,920
Speaker 1: this Russian attack on Ukraine. Well, what we're saying has

277
00:15:07,960 --> 00:15:13,000
Speaker 1: this sustained assault that's coming from multiple directions on Ukraine,

278
00:15:13,040 --> 00:15:15,920
Speaker 1: not just into the eastern part of Ukraine, which is

279
00:15:15,960 --> 00:15:19,200
Speaker 1: where there are separatist areas, but also attacking from the

280
00:15:19,280 --> 00:15:21,360
Speaker 1: north and from the south, which is really the Black

281
00:15:21,440 --> 00:15:24,240
Speaker 1: Sea area. And that area is also important as a

282
00:15:24,320 --> 00:15:29,359
Speaker 1: key shipping lane in an area for trade, especially in commodities.

283
00:15:29,760 --> 00:15:33,160
Speaker 1: So it's a it's a collective movement around Ukraine. It's

284
00:15:33,240 --> 00:15:38,640
Speaker 1: involved aerial bombardment, missile attacks, and troops on the ground,

285
00:15:38,880 --> 00:15:42,920
Speaker 1: certainly going well beyond what the Russian president indicated in

286
00:15:43,000 --> 00:15:44,920
Speaker 1: the way hours that he would be going in to

287
00:15:45,160 --> 00:15:49,120
Speaker 1: assist separatists just in the eastern part of Ukraine. The

288
00:15:49,200 --> 00:15:51,920
Speaker 1: troops have rolled well passed that at this point. It's

289
00:15:51,960 --> 00:15:55,640
Speaker 1: just a full throated invasion. The Russian president has indicated

290
00:15:55,680 --> 00:15:58,080
Speaker 1: this point his goal is richly to replace the government

291
00:15:58,520 --> 00:16:02,840
Speaker 1: of the Ukrainian President Zlinsky entirely, and he says that

292
00:16:03,920 --> 00:16:06,840
Speaker 1: he wants to do first. His ultimate goal there really

293
00:16:07,120 --> 00:16:10,480
Speaker 1: is whether he then just wants to absorb Ukraine into

294
00:16:10,600 --> 00:16:13,080
Speaker 1: Russia in some fashion, or whether he would want to

295
00:16:13,160 --> 00:16:17,200
Speaker 1: try and install some other sort of administration in Ukraine.

296
00:16:17,280 --> 00:16:20,200
Speaker 1: That's pro Russia, But certainly at this point it's very

297
00:16:20,240 --> 00:16:23,240
Speaker 1: early days in that venture, and the invasion is only

298
00:16:23,280 --> 00:16:25,880
Speaker 1: a few hours in. Yeah, it's much a harsher rhetoric

299
00:16:25,960 --> 00:16:28,480
Speaker 1: than what we've heard in even just the last forty

300
00:16:28,520 --> 00:16:32,760
Speaker 1: eight hours from Russian President Putin. What sparked this new move?

301
00:16:32,880 --> 00:16:38,480
Speaker 1: What's the rationale for calling for removing the leadership of

302
00:16:38,680 --> 00:16:42,680
Speaker 1: Ukraine for d natification as he put it in his

303
00:16:42,760 --> 00:16:47,000
Speaker 1: address to the Russian people last night. Well, he's invoking

304
00:16:47,000 --> 00:16:49,160
Speaker 1: a lot of history here, but he also seems to

305
00:16:49,240 --> 00:16:52,000
Speaker 1: be putting it on NATO and saying that NATO's somehow

306
00:16:52,120 --> 00:16:56,160
Speaker 1: crossed Russia's red lines by expanding east. But of course

307
00:16:56,240 --> 00:16:59,240
Speaker 1: NATO describes itself as a defensive alliance and says that

308
00:16:59,360 --> 00:17:02,880
Speaker 1: it poses no threat to Russia, but certainly not. I

309
00:17:03,000 --> 00:17:06,280
Speaker 1: was sending more troops and equipment east in recent weeks,

310
00:17:06,359 --> 00:17:08,800
Speaker 1: and countries including the US and the UK were sending

311
00:17:08,880 --> 00:17:14,639
Speaker 1: defensive weaponry into Ukraine, and that, perhaps collectively for Putin,

312
00:17:14,760 --> 00:17:17,359
Speaker 1: has been an indication that he may as well go

313
00:17:17,480 --> 00:17:20,720
Speaker 1: into Ukraine properly at this point. Of course, He's always

314
00:17:20,760 --> 00:17:24,240
Speaker 1: seen Ukraine as part of Russia, and his build up

315
00:17:24,280 --> 00:17:26,760
Speaker 1: there on the border has been going for many months.

316
00:17:27,240 --> 00:17:29,359
Speaker 1: It's just clear the last few days he's taken the

317
00:17:29,440 --> 00:17:33,159
Speaker 1: calculation that for him, he may as well invade Ukraine

318
00:17:33,160 --> 00:17:35,119
Speaker 1: at this point and see if he's allowed to get

319
00:17:35,160 --> 00:17:38,159
Speaker 1: away with it by the international community. And so far

320
00:17:38,240 --> 00:17:41,800
Speaker 1: we've heard condemnations from just about every quarter around the world,

321
00:17:41,840 --> 00:17:46,720
Speaker 1: particularly from NATO. Allies have heard from Turkey's president this morning.

322
00:17:46,760 --> 00:17:50,760
Speaker 1: All The one nation that doesn't seem to be condemning

323
00:17:50,800 --> 00:17:55,080
Speaker 1: this attack, at least at this point is China, and

324
00:17:55,200 --> 00:17:58,400
Speaker 1: certainly China is an outlier at this point in time,

325
00:17:58,520 --> 00:18:02,440
Speaker 1: they have refew is to condemn Russia for its actions,

326
00:18:02,600 --> 00:18:05,639
Speaker 1: even as the Foreign ministry in China is calling for

327
00:18:05,760 --> 00:18:09,200
Speaker 1: all parties to show restraints. You can see a very

328
00:18:09,760 --> 00:18:13,480
Speaker 1: careful attempt there by China, which extensively days neutral and

329
00:18:13,520 --> 00:18:16,640
Speaker 1: all these sorts of issues, to try and essentially stay

330
00:18:16,680 --> 00:18:18,800
Speaker 1: out of it. But of course China and Russia are

331
00:18:18,920 --> 00:18:22,800
Speaker 1: very close allies, not just strategically but also economically. There

332
00:18:22,840 --> 00:18:26,040
Speaker 1: are very important trade links between those countries, they tend

333
00:18:26,119 --> 00:18:29,200
Speaker 1: to support each other on the global stage by staying

334
00:18:29,240 --> 00:18:31,600
Speaker 1: out of each other's way most of the time, and

335
00:18:31,720 --> 00:18:34,800
Speaker 1: so you can see real effort here by Beijing to

336
00:18:34,960 --> 00:18:37,840
Speaker 1: do so in this case. Again, they were officially neutral

337
00:18:38,040 --> 00:18:41,679
Speaker 1: in two thousand and fourteen when Russia annexed Crimea. They

338
00:18:41,880 --> 00:18:44,280
Speaker 1: probably are going to take the same approach again. And

339
00:18:44,320 --> 00:18:46,760
Speaker 1: now we're waiting to hear what the response could be

340
00:18:47,200 --> 00:18:51,520
Speaker 1: from the US and NATO allies were expecting a meeting

341
00:18:51,600 --> 00:18:55,439
Speaker 1: between President Biden and G seven leaders later this morning.

342
00:18:55,640 --> 00:18:59,720
Speaker 1: What kind of response could we see from the Western Alliance?

343
00:18:59,720 --> 00:19:03,040
Speaker 1: So for our sanctions don't appear to have worked. What

344
00:19:03,440 --> 00:19:07,480
Speaker 1: what's still on the table here rise well, certainly beyond

345
00:19:07,560 --> 00:19:11,760
Speaker 1: those that condemnation that we're seeing coming from everywhere so

346
00:19:11,920 --> 00:19:14,720
Speaker 1: far today, aside from China. Really you're going to see

347
00:19:14,760 --> 00:19:16,920
Speaker 1: pressure on these countries and the European Union as a

348
00:19:16,960 --> 00:19:19,560
Speaker 1: whole to come out very quickly with a much more

349
00:19:19,600 --> 00:19:23,200
Speaker 1: substantial package of sanctions than has been put on the

350
00:19:23,280 --> 00:19:26,400
Speaker 1: Russian administration so far, just in the last a few days.

351
00:19:26,440 --> 00:19:28,520
Speaker 1: So you see that broaden out very much again to

352
00:19:28,600 --> 00:19:31,119
Speaker 1: sort of try and cut off sources of funding for

353
00:19:31,240 --> 00:19:35,440
Speaker 1: Russian companies for the banking community, and go beyond individuals

354
00:19:35,520 --> 00:19:38,359
Speaker 1: in Russia to really target portions of the economy, the

355
00:19:38,520 --> 00:19:41,960
Speaker 1: energy sector, the tech sector and so on, and try

356
00:19:42,000 --> 00:19:45,639
Speaker 1: and turn those bigots off for Moscow. How much that

357
00:19:45,680 --> 00:19:48,280
Speaker 1: actually affects the Russian economy in the end is slightly

358
00:19:48,359 --> 00:19:52,119
Speaker 1: debatable until we see exactly what those sanctions look like,

359
00:19:52,280 --> 00:19:54,440
Speaker 1: but at least they'll be much more substantial than what

360
00:19:54,560 --> 00:19:56,959
Speaker 1: we saw a few days ago. Now we're hearing from

361
00:19:57,000 --> 00:20:00,560
Speaker 1: a NATO Secretary General Jan Staltenberg speaking now, calling the

362
00:20:00,640 --> 00:20:03,879
Speaker 1: Russian attack on Ukraine a brutal active war, saying NATO

363
00:20:04,240 --> 00:20:08,280
Speaker 1: will activate defense plans in our last thirty seconds here, Roz,

364
00:20:08,400 --> 00:20:13,000
Speaker 1: what could that entail? Well, certainly, as I said, you're

365
00:20:13,040 --> 00:20:17,560
Speaker 1: seeing NATO move further military assets, troops and equipment to

366
00:20:17,760 --> 00:20:20,399
Speaker 1: its eastern flank. But Naton you has been very The

367
00:20:20,440 --> 00:20:23,720
Speaker 1: full conversation online at Bloomberg dot com. As we continue

368
00:20:23,800 --> 00:20:27,880
Speaker 1: monitoring developments in Ukraine, the country now says Russian forces

369
00:20:28,119 --> 00:20:31,359
Speaker 1: have entered the Kiev region near the Belarus border. This

370
00:20:31,600 --> 00:20:35,880
Speaker 1: attack on all sides from Russia continues. Karen, all right, Nathan,

371
00:20:35,960 --> 00:20:38,280
Speaker 1: thank you, six thirty on Wall Street. This is Bloomberg

372
00:20:38,359 --> 00:20:41,240
Speaker 1: Daybreak and I'm Karin Moscow along with Nathan Hangar. We're

373
00:20:41,320 --> 00:20:43,480
Speaker 1: just about three hours away from the open of US

374
00:20:43,560 --> 00:20:45,960
Speaker 1: trading time for the five things you need to notice

375
00:20:46,000 --> 00:20:49,600
Speaker 1: start your day. Brought to you by Interactive Brokers. Interactive

376
00:20:49,640 --> 00:20:53,200
Speaker 1: Brokers charges margin loan rates from zero point seven to

377
00:20:53,320 --> 00:20:56,000
Speaker 1: one five eight percent rate subject to change. Learn more

378
00:20:56,040 --> 00:20:59,600
Speaker 1: at ibk r dot com slash compare up. First, it's

379
00:20:59,640 --> 00:21:03,439
Speaker 1: the security crisis in Europe since World War Two. Russian

380
00:21:03,520 --> 00:21:08,040
Speaker 1: forces have attacked targets across Ukraine. President Vladimir Putin announced

381
00:21:08,080 --> 00:21:12,119
Speaker 1: the move in a televised address to the nation. I

382
00:21:12,240 --> 00:21:16,080
Speaker 1: decided to conduct a special military operation. Its goal is

383
00:21:16,160 --> 00:21:19,440
Speaker 1: the protection of the people who for eight years suffered

384
00:21:19,800 --> 00:21:23,960
Speaker 1: from abuse and genocide from the kiv regime. Desprite the attack,

385
00:21:24,040 --> 00:21:28,200
Speaker 1: Russian President Putin insists he does not plan to occupy Ukraine.

386
00:21:28,320 --> 00:21:31,560
Speaker 1: Well in Ukraine Karen President Vladimir's Lenski's and post martial

387
00:21:31,640 --> 00:21:34,240
Speaker 1: law and cut off diplomatic ties with Russia. He had

388
00:21:34,320 --> 00:21:38,639
Speaker 1: this message for his citizens. We don't need a cold

389
00:21:38,880 --> 00:21:41,920
Speaker 1: or hot or hybrid war, but if we are attacked

390
00:21:41,960 --> 00:21:44,399
Speaker 1: by troops, if they try to take away our country,

391
00:21:44,760 --> 00:21:47,639
Speaker 1: our freedom of life, the lives of our children. We

392
00:21:47,720 --> 00:21:51,520
Speaker 1: will defend ourselves. Ukrainian President vladimir's Lenski's calling for immediate

393
00:21:51,800 --> 00:21:54,359
Speaker 1: escalated sanctions on Russia and is also seeking defense and

394
00:21:54,480 --> 00:21:58,440
Speaker 1: financial support for Ukraine. Well Nathan, Western powers are condemning

395
00:21:58,520 --> 00:22:02,000
Speaker 1: the military incursion and only to step up penalties on Russia.

396
00:22:02,160 --> 00:22:05,360
Speaker 1: President Biden said the US and its allies will impose

397
00:22:05,480 --> 00:22:09,040
Speaker 1: quote severe sanctions. The President will address the American people

398
00:22:09,160 --> 00:22:12,560
Speaker 1: later today. The attack is upending global markets. This morning,

399
00:22:12,680 --> 00:22:16,200
Speaker 1: DAL futures are down more than eight hundred points, European

400
00:22:16,280 --> 00:22:19,879
Speaker 1: averages are down about four percent. Russian shares slumped by

401
00:22:19,920 --> 00:22:22,200
Speaker 1: the most on record, and we're seeing major moves and

402
00:22:22,240 --> 00:22:25,320
Speaker 1: the energy markets. Oil has surged above one hundred dollars

403
00:22:25,320 --> 00:22:28,920
Speaker 1: of barrel for the first time since Neil Beveridge is

404
00:22:28,920 --> 00:22:31,760
Speaker 1: a senior analyst at Sanford Bernstein. Yeah, I mean I

405
00:22:31,840 --> 00:22:35,679
Speaker 1: expect prices rally up to hundred hundred trenles. The barrel

406
00:22:36,200 --> 00:22:41,280
Speaker 1: markets are very well supported by the lew incantras that

407
00:22:41,359 --> 00:22:44,440
Speaker 1: we have coming into this crisis. Already be seen a

408
00:22:44,520 --> 00:22:47,560
Speaker 1: physical deficit in the market and checking prices now ni

409
00:22:47,680 --> 00:22:50,359
Speaker 1: nex screwed oil is up seven point six percent. It's

410
00:22:50,400 --> 00:22:53,919
Speaker 1: a fifteen cents of barrel. Brent is up eight percent

411
00:22:54,000 --> 00:22:57,120
Speaker 1: at a hundred four dollars five cents, and haven assets

412
00:22:57,160 --> 00:22:59,760
Speaker 1: arising this morning as well. Care in US tenure yields

413
00:22:59,840 --> 00:23:02,560
Speaker 1: dried as much as thirteen basis points right now, they're

414
00:23:02,560 --> 00:23:05,320
Speaker 1: at one point eight four percent. Gold has hit more

415
00:23:05,359 --> 00:23:08,240
Speaker 1: than one year high right now at nine hundred seventy

416
00:23:08,280 --> 00:23:10,800
Speaker 1: two dollars and seventy cents announced. That is a gain

417
00:23:10,840 --> 00:23:13,399
Speaker 1: of three and a quarter percent on the session. And

418
00:23:13,520 --> 00:23:15,680
Speaker 1: that's the five things you need to notice start your day.

419
00:23:15,760 --> 00:23:20,040
Speaker 1: Brought to you by Interactive Brokers Again, SMP futures are

420
00:23:20,160 --> 00:23:22,960
Speaker 1: dropping this morning, down a hundred to six points down,

421
00:23:23,000 --> 00:23:25,879
Speaker 1: futures down eight hundred thirty two and nasdack futures down

422
00:23:25,960 --> 00:23:30,080
Speaker 1: four hundred nine. Straight ahead, your latest local headlines, plus

423
00:23:30,440 --> 00:23:38,880
Speaker 1: a check of sports, and this is Bloomberg. Thanks hearing

424
00:23:38,880 --> 00:23:41,520
Speaker 1: six three on Wall Street. Thirty degrees in Central Park

425
00:23:41,560 --> 00:23:43,639
Speaker 1: and a winter weather advisory now in effect for the

426
00:23:43,720 --> 00:23:47,040
Speaker 1: Tri state areas starting this evening. Michael Bars here with

427
00:23:47,200 --> 00:23:49,080
Speaker 1: more on what's going on in New York and around

428
00:23:49,119 --> 00:23:51,560
Speaker 1: the world. Michael, thank you very much. Nathan. It is

429
00:23:51,920 --> 00:23:54,600
Speaker 1: weather whip lash. It was in the mid sixties in

430
00:23:54,720 --> 00:23:58,000
Speaker 1: New York City yesterday and by tonight here comes the

431
00:23:58,080 --> 00:24:02,560
Speaker 1: snow bloomberg meeting around what is Rob Caroline has the latest, Michael.

432
00:24:02,600 --> 00:24:04,920
Speaker 1: The Tri State area has a messy mix of precipitation

433
00:24:05,000 --> 00:24:07,080
Speaker 1: headed our way. We'll look for a few late day

434
00:24:07,119 --> 00:24:09,200
Speaker 1: snow showers, but it looks like snow develops during the

435
00:24:09,280 --> 00:24:11,960
Speaker 1: evening along the coast. It's going to change over to sleep,

436
00:24:12,000 --> 00:24:14,240
Speaker 1: then go over to freezing rain. That should limit the

437
00:24:14,280 --> 00:24:16,639
Speaker 1: accumulations in the city to about one to three inches.

438
00:24:17,000 --> 00:24:19,000
Speaker 1: It's the areas to the northwest and the north of

439
00:24:19,080 --> 00:24:21,000
Speaker 1: the city that could see three to six inches of

440
00:24:21,040 --> 00:24:23,359
Speaker 1: snow before that change over to sleep, then some freezing

441
00:24:23,440 --> 00:24:25,880
Speaker 1: rain and rain. It all should wind down very early

442
00:24:25,960 --> 00:24:29,880
Speaker 1: tomorrow morning, improving conditions tomorrow afternoon. Michael, Thank you. Rob.

443
00:24:29,960 --> 00:24:32,600
Speaker 1: The Tri State area is under a window weather advisories

444
00:24:32,640 --> 00:24:36,680
Speaker 1: darting from ten pm tonight to one pm tomorrow. It

445
00:24:36,880 --> 00:24:39,560
Speaker 1: is a major west in the probe against former President

446
00:24:39,600 --> 00:24:44,280
Speaker 1: Trump's real estate company. To prosecutors investigating Trump have resigned

447
00:24:44,359 --> 00:24:48,159
Speaker 1: from the Manhattan District Attorney's Office. Legal anilist Lorie Levinson

448
00:24:48,240 --> 00:24:50,440
Speaker 1: says the future of the probe under d A. Alvin

449
00:24:50,480 --> 00:24:54,040
Speaker 1: Bragg is now in doubt. It may be that Bragg

450
00:24:54,119 --> 00:24:56,760
Speaker 1: doesn't think this is how he wants his office to

451
00:24:56,840 --> 00:24:59,600
Speaker 1: be known, that this is too much of a fight,

452
00:25:00,160 --> 00:25:02,680
Speaker 1: that there's not enough to get out of it, or frankly,

453
00:25:02,760 --> 00:25:06,120
Speaker 1: that there isn't the evidence. Loyola law professor Lourie Levinson,

454
00:25:06,480 --> 00:25:10,280
Speaker 1: both Carrie Dunn and Mark Pomerantz started on the criminal

455
00:25:10,359 --> 00:25:13,560
Speaker 1: probe under former DA Cyrus Vans, and we're asked to

456
00:25:13,760 --> 00:25:17,520
Speaker 1: stay when Brad took office in January. Meanwhile, a separate

457
00:25:17,600 --> 00:25:22,400
Speaker 1: Trump investigation by New York State Attorney General Letitia James continues.

458
00:25:23,000 --> 00:25:25,960
Speaker 1: A jury in St. Paul, Minnesota, will returned for another

459
00:25:26,040 --> 00:25:29,119
Speaker 1: day of deliberations today, and the trial of three former

460
00:25:29,200 --> 00:25:32,840
Speaker 1: officers accused of violating George Floyd's civil rights. They are

461
00:25:33,000 --> 00:25:36,359
Speaker 1: churched for failing to provide medical aid Floyd. Canada is

462
00:25:36,400 --> 00:25:38,920
Speaker 1: lifting the emergency powers and enacted more than a week

463
00:25:38,960 --> 00:25:43,000
Speaker 1: ago to get street protests under control. Prime Minister Justin

464
00:25:43,080 --> 00:25:47,960
Speaker 1: Trudeaux we are confident that existing laws and by laws

465
00:25:48,200 --> 00:25:52,600
Speaker 1: are now sufficient to keep people safe. Prime Minister Judoe's

466
00:25:52,760 --> 00:25:56,119
Speaker 1: government invoked the Emergencies Act after hundreds of semis and

467
00:25:56,200 --> 00:26:00,480
Speaker 1: other heavy vehicles blancaded downtown Ottawa for three weeks. Americans

468
00:26:00,520 --> 00:26:03,359
Speaker 1: are starkly divided by race on the importance of President

469
00:26:03,480 --> 00:26:06,080
Speaker 1: Joe Biden's promise to nominate a black woman to the

470
00:26:06,080 --> 00:26:09,600
Speaker 1: Supreme Court. A new Associated Press in rc Pole finds

471
00:26:09,680 --> 00:26:13,520
Speaker 1: that white Americans fur less likely to be highly enthusiastic

472
00:26:13,600 --> 00:26:16,679
Speaker 1: about the idea than Black Americans. Global News twenty four

473
00:26:16,760 --> 00:26:19,240
Speaker 1: hours a day on airand on Bloomberg Quick Take, powered

474
00:26:19,280 --> 00:26:21,919
Speaker 1: by more than twenty seven hundred journalist and analysts more

475
00:26:21,920 --> 00:26:24,480
Speaker 1: than a hundred twenty countries. Michael Barr and this is

476
00:26:24,600 --> 00:26:32,240
Speaker 1: Bloomberg nacoin Thank You Michael, six thirty six. On Wall Street,

477
00:26:32,320 --> 00:26:35,320
Speaker 1: John stash Our has the Bloomberg Sports Update Day for

478
00:26:35,400 --> 00:26:37,800
Speaker 1: the tale of two New York City point guards, Kemba

479
00:26:37,880 --> 00:26:41,520
Speaker 1: Walker out Kyrie every Perhaps back in full time. Nicks

480
00:26:41,560 --> 00:26:44,400
Speaker 1: announced that Walker and was apparently his decision, but when

481
00:26:44,440 --> 00:26:46,879
Speaker 1: the Knicks had no problem with will not play the

482
00:26:46,960 --> 00:26:48,480
Speaker 1: rest of the season, he was brought in. Is a

483
00:26:48,560 --> 00:26:50,639
Speaker 1: fourth time All Star back at his hometown, but it

484
00:26:50,760 --> 00:26:53,480
Speaker 1: was clear Walker was not the same player, and Tom

485
00:26:53,560 --> 00:26:55,520
Speaker 1: Thibodeau sat him on the bench for every game in

486
00:26:55,560 --> 00:26:58,360
Speaker 1: a three week span. He did return, but Kemba has

487
00:26:58,440 --> 00:27:01,120
Speaker 1: only had one game in his last twelve were stored

488
00:27:01,160 --> 00:27:04,240
Speaker 1: and double figures and Derek Rose now returning from injury,

489
00:27:04,320 --> 00:27:07,240
Speaker 1: so his playing time was going to decrease. The next

490
00:27:07,320 --> 00:27:09,560
Speaker 1: those was a thirteen to the last sixteen played tomorrow

491
00:27:09,600 --> 00:27:12,720
Speaker 1: night in Miami. Nets host the Celtics tonight, No Kyrie.

492
00:27:12,840 --> 00:27:15,680
Speaker 1: It's a home game and he's unvactidated. But word now

493
00:27:15,800 --> 00:27:18,400
Speaker 1: that the city may phase out the mandate Nets coach

494
00:27:18,480 --> 00:27:21,840
Speaker 1: team Natch would love to have irving road and home games.

495
00:27:22,440 --> 00:27:25,280
Speaker 1: Great on the backs floor. Um, he's been great in

496
00:27:25,359 --> 00:27:30,600
Speaker 1: film sessions. He's been creating dialogue over aspects of our playing.

497
00:27:31,320 --> 00:27:36,480
Speaker 1: UM so I since uh a real focus and an

498
00:27:36,600 --> 00:27:39,480
Speaker 1: urgency from him. And so if that's any indication, you know,

499
00:27:39,520 --> 00:27:41,800
Speaker 1: I would say he's getting excited at the prospect of

500
00:27:42,480 --> 00:27:45,280
Speaker 1: being a play a game. College Tube St. John's Blue

501
00:27:45,320 --> 00:27:47,120
Speaker 1: and Lane lost at home to Create in eight one

502
00:27:47,240 --> 00:27:49,480
Speaker 1: seventy eight, leaves the Red Storm in fifteen and twelve,

503
00:27:49,760 --> 00:27:51,800
Speaker 1: seven and nine in the Big East where Seaton Hall

504
00:27:51,840 --> 00:27:55,119
Speaker 1: beat Butler sixty six to six. The Rutgers lost at

505
00:27:55,240 --> 00:27:58,160
Speaker 1: Michigan Fordham beat LaSalle to get to five hundred duke

506
00:27:58,240 --> 00:28:00,119
Speaker 1: of engs in earlier lost in Virginia. We now have

507
00:28:00,200 --> 00:28:03,440
Speaker 1: a date and it is Monday. If no lockout ending

508
00:28:03,600 --> 00:28:06,240
Speaker 1: labor deal, then the baseball season will not be one

509
00:28:06,320 --> 00:28:09,440
Speaker 1: hundred and six games. John stash Out with Bloomberg Sports,

510
00:28:09,960 --> 00:28:12,119
Speaker 1: thank you, John sixty seven on Wall Street Time to

511
00:28:12,160 --> 00:28:13,640
Speaker 1: take a look at stocks and some of the names

512
00:28:13,680 --> 00:28:15,720
Speaker 1: moving in the pre market with Bloomberg Radio and TV

513
00:28:15,840 --> 00:28:18,560
Speaker 1: Markets corresponded created Gupta, but of course on this morning

514
00:28:18,640 --> 00:28:21,720
Speaker 1: create it's a question of what isn't moving. Yeah, a

515
00:28:22,040 --> 00:28:24,480
Speaker 1: very very little green on the screen, and let's just

516
00:28:24,560 --> 00:28:26,640
Speaker 1: start with that because it's an easy one to get

517
00:28:26,680 --> 00:28:27,920
Speaker 1: out of the way. A lot of this has to

518
00:28:28,000 --> 00:28:30,119
Speaker 1: do with oil companies. We know that Brent crude has

519
00:28:30,200 --> 00:28:33,080
Speaker 1: crossed a hundred and five dollars of barrel. W t

520
00:28:33,200 --> 00:28:36,359
Speaker 1: I not far behind it crossed a hundred dollars of barrel.

521
00:28:36,480 --> 00:28:38,800
Speaker 1: This of course following that geo political risk, we now

522
00:28:38,920 --> 00:28:43,480
Speaker 1: know that Russia has officially invaded Ukraine. UM, so this

523
00:28:43,640 --> 00:28:45,600
Speaker 1: is kind of translating into the stock market. Here, your

524
00:28:45,640 --> 00:28:49,080
Speaker 1: top performer, your top stock moving higher in the SMP

525
00:28:49,200 --> 00:28:51,800
Speaker 1: five hundred is gonna be Marathon Oil. M r oh

526
00:28:51,960 --> 00:28:55,080
Speaker 1: is your taker, up six percent. A similar story when

527
00:28:55,120 --> 00:28:57,320
Speaker 1: it comes to e O G Resources up just shy

528
00:28:57,520 --> 00:29:00,320
Speaker 1: five percent. If you go further down the list, names

529
00:29:00,360 --> 00:29:03,320
Speaker 1: like Devon Energy, Apache both up four and a half percent.

530
00:29:03,760 --> 00:29:06,120
Speaker 1: These are all names that have one thing in common, Nathan,

531
00:29:06,240 --> 00:29:10,320
Speaker 1: that is exposure to American crude production. In the absence

532
00:29:10,720 --> 00:29:14,040
Speaker 1: of any Russian supply or that geopolitical risk or premium

533
00:29:14,080 --> 00:29:16,520
Speaker 1: that you're seeing in Brent right now, it immediately start

534
00:29:16,560 --> 00:29:18,280
Speaker 1: to look at w T I pricing and these are

535
00:29:18,320 --> 00:29:21,320
Speaker 1: the companies that actually influence some of that supply, so

536
00:29:21,440 --> 00:29:23,360
Speaker 1: naturally they're the ones that are getting the bid more

537
00:29:23,480 --> 00:29:27,680
Speaker 1: so than perhaps more global peers like x On, which

538
00:29:27,680 --> 00:29:30,840
Speaker 1: I should add is actually higher by three point to percent.

539
00:29:31,040 --> 00:29:33,200
Speaker 1: X O M is your taker. Chevron is similar story,

540
00:29:33,320 --> 00:29:35,760
Speaker 1: up over three percent. Cv X as your ticker. But

541
00:29:35,880 --> 00:29:39,120
Speaker 1: once again it's the American exposure that's setting them apart

542
00:29:39,400 --> 00:29:42,280
Speaker 1: from their more diversified piers. Now well apart from all

543
00:29:42,360 --> 00:29:45,800
Speaker 1: the geopolitics obviously front and center for investors this morning,

544
00:29:46,040 --> 00:29:49,320
Speaker 1: we do have some names moving on earnings. Right We

545
00:29:49,400 --> 00:29:51,640
Speaker 1: do have a couple of names moving on earnings, and

546
00:29:51,760 --> 00:29:53,360
Speaker 1: eBay is going to be one of them, e b

547
00:29:53,560 --> 00:29:55,640
Speaker 1: A wise also the ticker as well as a company

548
00:29:55,760 --> 00:29:59,320
Speaker 1: name falling on some disappointing result after the bell yesterday

549
00:29:59,440 --> 00:30:01,400
Speaker 1: down a eleven percent. Now it's hard to kind of

550
00:30:01,440 --> 00:30:03,920
Speaker 1: find the earning stories given that the market as a

551
00:30:04,000 --> 00:30:06,520
Speaker 1: whole is really a dropping across the board, but eBay

552
00:30:06,560 --> 00:30:09,680
Speaker 1: in particular taking an extra hit when this comes after

553
00:30:09,760 --> 00:30:12,400
Speaker 1: they warned that their first quarter sales will miss estimate

554
00:30:12,760 --> 00:30:15,600
Speaker 1: as shoppers returned to pre pandemic spending habits. So once

555
00:30:15,640 --> 00:30:18,960
Speaker 1: again those online platforms that do so well during the

556
00:30:19,000 --> 00:30:22,280
Speaker 1: pandemic and during kind of lockdown kind of losing some

557
00:30:22,400 --> 00:30:24,600
Speaker 1: of their luster. And that's really what investors are responding

558
00:30:24,600 --> 00:30:27,120
Speaker 1: to this morning. All right, Bloomberg Radio on TV, Markets

559
00:30:27,160 --> 00:30:29,560
Speaker 1: correspondent Crety Gooped are gonna be a very busy morning

560
00:30:29,600 --> 00:30:31,840
Speaker 1: obviously for her and the rest of our team here

561
00:30:31,880 --> 00:30:34,800
Speaker 1: at Bloomberg News. Thanks for being with us on this

562
00:30:34,920 --> 00:30:36,680
Speaker 1: pre market this morning, and as we take a look

563
00:30:36,680 --> 00:30:39,080
Speaker 1: at stocks as a whole ahead of the open, it's

564
00:30:39,160 --> 00:30:42,280
Speaker 1: gonna be painful if you're long equities right now. SMP

565
00:30:42,440 --> 00:30:45,280
Speaker 1: futures are down a hundred nine point Stowle futures down

566
00:30:45,360 --> 00:30:48,720
Speaker 1: eight hundred fifty seven. NASTAC futures leading the declines this morning.

567
00:30:48,760 --> 00:30:51,440
Speaker 1: They're down four points. That's a drop of three point

568
00:30:51,520 --> 00:30:55,280
Speaker 1: two percent. The decks in Germany down five point two percent.

569
00:30:55,320 --> 00:30:57,760
Speaker 1: In the CAC in Paris is lower by five point

570
00:30:57,880 --> 00:31:01,120
Speaker 1: one percent. The tenure treasury up one and eight thirty seconds,

571
00:31:01,160 --> 00:31:03,920
Speaker 1: the yield now one eight five percent, the two year

572
00:31:03,960 --> 00:31:07,280
Speaker 1: one point for six percent. NIMEX screwed up seven eight

573
00:31:07,320 --> 00:31:11,240
Speaker 1: percent at thirty two cents of barrel. Natural gas futures

574
00:31:11,360 --> 00:31:14,920
Speaker 1: up four percent this morning. Stay with us, we'll get

575
00:31:14,960 --> 00:31:18,480
Speaker 1: the view from Washington. Bloomberg Government's Jack Fitzpatrick joins us. Next,

576
00:31:18,640 --> 00:31:24,120
Speaker 1: This is Bloomberg. Bloomberg eleven three oh weather Winter weather

577
00:31:24,160 --> 00:31:26,720
Speaker 1: Advisory for the Tri state area from ten tonight till

578
00:31:26,800 --> 00:31:30,920
Speaker 1: one tomorrow afternoon. We'll be back in the sunshine by Saturday.

579
00:31:32,040 --> 00:31:38,560
Speaker 1: Right now, thirty degrees in Central Park. Markets. Headlines and

580
00:31:38,720 --> 00:31:41,920
Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,

581
00:31:42,120 --> 00:31:45,640
Speaker 1: the Bloomberg Business app and at Bloomberg Quick Take. He's

582
00:31:45,680 --> 00:31:55,520
Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow and futures

583
00:31:55,640 --> 00:31:59,480
Speaker 1: are falling this morning. Crude oil is jumping. We go

584
00:31:59,600 --> 00:32:02,360
Speaker 1: to the first We're breaking newsdays. For today's morning call,

585
00:32:02,480 --> 00:32:05,640
Speaker 1: here's Bill Maloney, Bill, good morning and good morning, Karen.

586
00:32:05,760 --> 00:32:09,240
Speaker 1: US features are plunging as the invasion of Ukraine has

587
00:32:09,360 --> 00:32:12,760
Speaker 1: begun to Futures currently down seven hundred thirty seven points

588
00:32:12,800 --> 00:32:15,600
Speaker 1: as if He's dropped ninety well. Nasdaq features decline by

589
00:32:15,720 --> 00:32:18,960
Speaker 1: three hundred and sixty. The US ten year old drops

590
00:32:19,000 --> 00:32:22,000
Speaker 1: to one point seven percent. Gold is surging sixty three

591
00:32:22,440 --> 00:32:25,040
Speaker 1: brands oil sort above a hundred dollars a barrel, but

592
00:32:25,160 --> 00:32:28,280
Speaker 1: Bitcoin is down by six percent. On Kong fell three

593
00:32:28,320 --> 00:32:30,600
Speaker 1: point two percent overnight, while most of up markets are

594
00:32:30,640 --> 00:32:34,000
Speaker 1: down four percent this morning, and the Russian ETF is

595
00:32:34,040 --> 00:32:36,960
Speaker 1: down twenty six percent pre market. Back in the US

596
00:32:37,040 --> 00:32:40,040
Speaker 1: on the economic Fronday, thirty GDP initial jobs claims and

597
00:32:40,160 --> 00:32:43,040
Speaker 1: Chicago fed at ten o'clock new home sales and eleven

598
00:32:43,080 --> 00:32:46,400
Speaker 1: o'clock the Kansas City fed. After the belost night, eBay

599
00:32:46,480 --> 00:32:50,400
Speaker 1: reported disappointing twenty two Guidance shares their down eleven percent

600
00:32:50,480 --> 00:32:53,440
Speaker 1: pre market, and another news eight ships supplied to Apple

601
00:32:53,480 --> 00:32:58,440
Speaker 1: and Intel warmed of tight capacity until twenty seven, wrapping

602
00:32:58,480 --> 00:33:00,440
Speaker 1: things up until was cut to hold it easy Bank

603
00:33:00,520 --> 00:33:03,760
Speaker 1: Holly Frontier raced overweight to Wells Fargo and Mattel was

604
00:33:03,840 --> 00:33:06,880
Speaker 1: raised to buy over at stephle Live from the first

605
00:33:07,040 --> 00:33:10,200
Speaker 1: breaking news descon Bill Maloney care right, Bill, thank you,

606
00:33:10,400 --> 00:33:13,240
Speaker 1: and to hear live breaking news over her Bloomberg type

607
00:33:13,320 --> 00:33:16,320
Speaker 1: squawk on your terminal SCU you a WUK and that's

608
00:33:16,360 --> 00:33:18,920
Speaker 1: a Bloomberg business flash. Now here's Michael bar with Moore

609
00:33:19,000 --> 00:33:21,640
Speaker 1: on what's going on around the world. Michael Karen, thank

610
00:33:21,680 --> 00:33:24,200
Speaker 1: you very much. It is the worst security crisis in

611
00:33:24,280 --> 00:33:28,240
Speaker 1: Europe since World War Two. Russian forces attack targets across

612
00:33:28,360 --> 00:33:32,440
Speaker 1: Ukraine after President Vladimir Putin vowed to, as he put it,

613
00:33:32,560 --> 00:33:36,560
Speaker 1: deep militarized the country and replace its leaders. The West

614
00:33:36,720 --> 00:33:41,720
Speaker 1: threatened further punishing sanctions. In response. Ukraine's Interior ministry said

615
00:33:41,760 --> 00:33:44,800
Speaker 1: that the capitol Kiev, was under attack and urged citizens

616
00:33:44,880 --> 00:33:47,960
Speaker 1: to go to shelters. Major League Baseball said only five

617
00:33:48,080 --> 00:33:51,800
Speaker 1: days remained to salvage March thirty first openers and a

618
00:33:51,880 --> 00:33:55,120
Speaker 1: full season, telling locked out players that games would be

619
00:33:55,240 --> 00:33:58,120
Speaker 1: canceled if a labor contract has not agreed to by

620
00:33:58,160 --> 00:34:01,480
Speaker 1: the end of Monday. Global News twenty four hours a

621
00:34:01,560 --> 00:34:04,640
Speaker 1: day on air and on Bloomberg Quicktake, powered by more

622
00:34:04,680 --> 00:34:07,040
Speaker 1: than twenty seven hundred journalists and analysts and more than

623
00:34:07,080 --> 00:34:10,399
Speaker 1: a hundred twenty countries. Michael bar this is Bloomberg. Karen

624
00:34:10,560 --> 00:34:13,200
Speaker 1: all right, Michael, thank you. Sixty nine on Wall Street

625
00:34:13,239 --> 00:34:15,640
Speaker 1: returned to news and science and technology now with the

626
00:34:15,680 --> 00:34:18,440
Speaker 1: Bloomberg and j I T STEM Report brought to you

627
00:34:18,600 --> 00:34:21,520
Speaker 1: Buy New Jersey Institute of Technology, ranked a top fifty

628
00:34:21,600 --> 00:34:24,880
Speaker 1: national public university by US News and World Report and

629
00:34:24,920 --> 00:34:28,360
Speaker 1: a top fifty college for undergraduate entrepreneurship studies by the

630
00:34:28,440 --> 00:34:31,200
Speaker 1: Princeton Review. Learn more at n j I T DOT

631
00:34:31,280 --> 00:34:35,120
Speaker 1: E DU now Here's this making news and science, Technology, engineering,

632
00:34:35,239 --> 00:34:37,960
Speaker 1: and math. City Group wants its employees to come back

633
00:34:38,000 --> 00:34:40,919
Speaker 1: to the office. It's calling vaccinated staff in the US

634
00:34:41,000 --> 00:34:43,520
Speaker 1: to return to offices for at least two days a week,

635
00:34:43,840 --> 00:34:46,719
Speaker 1: starting the week of March twenty one. For months, Wall

636
00:34:46,800 --> 00:34:48,960
Speaker 1: Street banks have pushed for employees to come back to

637
00:34:49,040 --> 00:34:52,879
Speaker 1: workplaces that were emptied by the pandemic. Singapore will delay

638
00:34:52,960 --> 00:34:56,200
Speaker 1: plans to ease limits on home gatherings and other pandemic herbs.

639
00:34:56,480 --> 00:34:59,040
Speaker 1: A COVID outbreak is testing the country's move to live

640
00:34:59,120 --> 00:35:02,680
Speaker 1: with the virus. Singapore had said it would substantially relax

641
00:35:02,760 --> 00:35:06,360
Speaker 1: travel and social restrictions once the current wave of infections peaks.

642
00:35:07,040 --> 00:35:10,440
Speaker 1: That you ordered billion dollar club has lost its last member.

643
00:35:10,840 --> 00:35:15,440
Speaker 1: Elon Musk's fortune tumbled by more than thirteen billion dollars yesterday.

644
00:35:15,680 --> 00:35:18,600
Speaker 1: According to the Bloomberg Billionaires Index. He's now worth a

645
00:35:18,680 --> 00:35:21,960
Speaker 1: little under one ninety nine billion. Shares of the electric

646
00:35:22,080 --> 00:35:25,160
Speaker 1: vehicle company he founded, Tesla, have now fallen to their

647
00:35:25,200 --> 00:35:28,200
Speaker 1: lowest levels since September. And that's a Bloomberg and j

648
00:35:28,400 --> 00:35:31,319
Speaker 1: I t Stem report. Nathan Okay, Karen, thank you. We're

649
00:35:31,360 --> 00:35:34,000
Speaker 1: live from the Bloomberg Interactive Brokers studios, where it's coming

650
00:35:34,040 --> 00:35:36,360
Speaker 1: up to six fifty one on Wall Street. As we

651
00:35:36,400 --> 00:35:39,279
Speaker 1: continue monitoring events in Ukraine, we check what's going on

652
00:35:39,400 --> 00:35:41,760
Speaker 1: in v C now, where some of the top stories

653
00:35:41,800 --> 00:35:46,560
Speaker 1: include President Biden promising severe sanctions on Russia following its

654
00:35:46,640 --> 00:35:50,160
Speaker 1: ongoing attack on Ukraine, the US eyeing an oil reserves

655
00:35:50,200 --> 00:35:54,160
Speaker 1: release as prices rise on this conflict, and the US

656
00:35:54,239 --> 00:35:58,160
Speaker 1: presenting a buy American plan to ease the supply chain squeeze.

657
00:35:58,200 --> 00:36:00,040
Speaker 1: Let's get more on all these stories now, Bloomberg of

658
00:36:00,080 --> 00:36:04,560
Speaker 1: My congressional reporter Jack Fitzpatrick joins us from Washington, following

659
00:36:04,600 --> 00:36:09,440
Speaker 1: along as events continue to unfold in Ukraine. Jack, Good morning.

660
00:36:09,520 --> 00:36:11,919
Speaker 1: We know that the President is going to be meeting

661
00:36:12,000 --> 00:36:14,920
Speaker 1: virtually with G seven leaders later this morning, and punch

662
00:36:14,960 --> 00:36:17,439
Speaker 1: Bowl News is now reporting the President will address the nation.

663
00:36:17,560 --> 00:36:20,959
Speaker 1: That's scheduled for noon Wall Street time. What's the latest

664
00:36:21,000 --> 00:36:23,640
Speaker 1: from where you set. Yeah, so the President is supposed

665
00:36:23,640 --> 00:36:26,400
Speaker 1: to meet with the G seven leaders virtually and then

666
00:36:26,480 --> 00:36:28,359
Speaker 1: has said he's going to have some sort of an

667
00:36:28,360 --> 00:36:32,920
Speaker 1: announcement to make following up on uh international sanctions. You know,

668
00:36:32,960 --> 00:36:37,640
Speaker 1: the President has the legal ability to do some US

669
00:36:37,880 --> 00:36:41,719
Speaker 1: unilateral sanctions, and there was the initial tronch targeting to

670
00:36:42,280 --> 00:36:46,320
Speaker 1: Russian banks, but really everybody who's followed this story seems

671
00:36:46,400 --> 00:36:51,680
Speaker 1: to be uh sort of questioning whether uh the swift

672
00:36:51,800 --> 00:36:54,239
Speaker 1: sanctions are going to come into play. That is not

673
00:36:54,440 --> 00:36:58,319
Speaker 1: something UH targeting the Swift financial system is not something

674
00:36:58,400 --> 00:37:01,600
Speaker 1: the US can do alone. Uh. So we we expect

675
00:37:01,680 --> 00:37:04,279
Speaker 1: to hear from the President exactly how much he is

676
00:37:04,400 --> 00:37:07,000
Speaker 1: going to do with what the US can do, and

677
00:37:07,080 --> 00:37:11,279
Speaker 1: how much of an international effort involving European allies will

678
00:37:11,360 --> 00:37:14,520
Speaker 1: will come about. It's also worth keeping in mind Congress

679
00:37:14,760 --> 00:37:17,640
Speaker 1: could push the President a little more on this if

680
00:37:17,760 --> 00:37:21,320
Speaker 1: they think he's going too slow. We saw a statement

681
00:37:21,480 --> 00:37:23,600
Speaker 1: just last night from Chris Coons, who really is an

682
00:37:23,640 --> 00:37:27,239
Speaker 1: ally of the president, saying Congress should act. Uh. The

683
00:37:28,040 --> 00:37:31,320
Speaker 1: debate in Congress over this kind of thing has lately

684
00:37:31,440 --> 00:37:34,320
Speaker 1: been whether to push the president to do more and

685
00:37:34,400 --> 00:37:37,359
Speaker 1: actually require sanctions that that may not have been put

686
00:37:37,440 --> 00:37:41,120
Speaker 1: into play. So we'll see exactly how aggressive President Biden

687
00:37:41,160 --> 00:37:44,040
Speaker 1: wants to be. Uh. And and at this point there

688
00:37:44,040 --> 00:37:46,920
Speaker 1: seems to be a lot of bipartisan support for what

689
00:37:47,120 --> 00:37:50,120
Speaker 1: he has essentially laid out. But we'll we'll see how

690
00:37:50,200 --> 00:37:53,600
Speaker 1: much debate follows that up, uh, in terms of whether

691
00:37:53,640 --> 00:37:56,200
Speaker 1: there are lawmakers who want to push him to do more. Yeah.

692
00:37:56,200 --> 00:37:59,880
Speaker 1: I guess the ongoing question, Jack, is how much sanction

693
00:38:00,040 --> 00:38:03,120
Speaker 1: and could deter putin from his path. At this point,

694
00:38:03,200 --> 00:38:05,560
Speaker 1: it doesn't look as those sanctions have worked. And now

695
00:38:05,600 --> 00:38:09,400
Speaker 1: we're hearing from sources inside the White House that there

696
00:38:09,480 --> 00:38:12,560
Speaker 1: was a lot of trepidation for this strategy even from

697
00:38:12,600 --> 00:38:14,680
Speaker 1: the get go, a lot of people close to the

698
00:38:14,760 --> 00:38:18,480
Speaker 1: president thinking that sanctions weren't going to work anyway. Yeah,

699
00:38:18,520 --> 00:38:21,080
Speaker 1: you really have to define what does it mean for

700
00:38:21,239 --> 00:38:26,120
Speaker 1: sanctions to work. Even in public addresses, President Biden has

701
00:38:26,280 --> 00:38:30,120
Speaker 1: has said before that he expected UH, that that Vladimir

702
00:38:30,200 --> 00:38:33,000
Speaker 1: Putin would likely go through with this, that there could

703
00:38:33,160 --> 00:38:37,799
Speaker 1: very well be an invasion, that these sanctions are more

704
00:38:37,920 --> 00:38:40,399
Speaker 1: or less a carrot and stick approach, and that there

705
00:38:40,480 --> 00:38:44,160
Speaker 1: should be a cost to an actual invasion of Ukraine.

706
00:38:44,960 --> 00:38:47,600
Speaker 1: But really, hearing what the President has said about this,

707
00:38:48,080 --> 00:38:53,120
Speaker 1: UH in particular, this has never been cast as an

708
00:38:53,200 --> 00:38:57,239
Speaker 1: idea but in which sanctions would prevent this kind of

709
00:38:57,920 --> 00:39:01,080
Speaker 1: action from Russia, but rather something that would impose a

710
00:39:01,239 --> 00:39:04,640
Speaker 1: cost to it. There doesn't seem to be an assumption

711
00:39:04,880 --> 00:39:09,239
Speaker 1: that Putin is an entirely rational player here. So there's

712
00:39:09,440 --> 00:39:11,840
Speaker 1: an insistence from the US and Europe that there should

713
00:39:11,840 --> 00:39:14,200
Speaker 1: be a cost to this kind of thing. But short

714
00:39:14,239 --> 00:39:16,600
Speaker 1: of any kind of military action, there's not a lot

715
00:39:16,640 --> 00:39:19,719
Speaker 1: of confidence that the US can take an action to

716
00:39:20,040 --> 00:39:23,319
Speaker 1: outright stop this from happening. Ye, and I guess there's

717
00:39:23,320 --> 00:39:25,920
Speaker 1: a question as well of how much cost will be

718
00:39:26,080 --> 00:39:30,319
Speaker 1: paid by the American people, because we could potentially see

719
00:39:30,520 --> 00:39:35,759
Speaker 1: spillover effect if sanctions go against Russia and affect the

720
00:39:35,800 --> 00:39:39,640
Speaker 1: global economy. Yeah, I mean, President Biden has warned that

721
00:39:40,320 --> 00:39:43,560
Speaker 1: it's this kind of sanctions that they're talking about, such

722
00:39:43,640 --> 00:39:48,080
Speaker 1: severe sanctions. Uh, don't just hurt Russia. You are seeing

723
00:39:48,160 --> 00:39:52,920
Speaker 1: that with the expectations of very significantly rising oil prices

724
00:39:53,040 --> 00:39:58,640
Speaker 1: for one, but limiting financial transactions is not necessarily a

725
00:39:58,719 --> 00:40:02,440
Speaker 1: pleasant thing to do, especially for European countries that have

726
00:40:03,000 --> 00:40:06,800
Speaker 1: a greater relationship with Russians. But yeah, I mean the

727
00:40:06,960 --> 00:40:11,560
Speaker 1: the warning has been put out there pretty clearly for weeks,

728
00:40:11,640 --> 00:40:14,880
Speaker 1: if not months, from the President himself that this is

729
00:40:14,960 --> 00:40:18,600
Speaker 1: not an ideal scenario and that part of the efforts

730
00:40:18,680 --> 00:40:22,280
Speaker 1: here have been getting European allies on board to accept

731
00:40:22,400 --> 00:40:24,200
Speaker 1: that this is not going to be a good thing

732
00:40:24,320 --> 00:40:27,439
Speaker 1: for anyone's economy. So only about a minute left here, Jack,

733
00:40:27,480 --> 00:40:29,640
Speaker 1: What are the options for the president to try to

734
00:40:29,719 --> 00:40:32,480
Speaker 1: ease the potential economic pain for Americans? We know that

735
00:40:32,520 --> 00:40:35,640
Speaker 1: there's been some talk of tapping into the strategic oil Reserve.

736
00:40:36,040 --> 00:40:38,760
Speaker 1: Is there more that the White House can do? There's

737
00:40:38,800 --> 00:40:40,640
Speaker 1: not a ton they can do. There has been talk

738
00:40:40,719 --> 00:40:45,279
Speaker 1: about tapping the strategic Strategic Petroleum Reserve. I would point

739
00:40:45,320 --> 00:40:48,000
Speaker 1: out that the path in the recent past, they have

740
00:40:48,640 --> 00:40:52,680
Speaker 1: gone forward with an SPR release that was about fifty

741
00:40:52,760 --> 00:40:57,160
Speaker 1: million barrels, and the White House credited that with the

742
00:40:57,920 --> 00:41:00,920
Speaker 1: sort of slight drop in and gap prices about ten

743
00:41:01,000 --> 00:41:03,759
Speaker 1: cents a gallon. It's not the kind of thing that

744
00:41:03,920 --> 00:41:06,680
Speaker 1: can reverse these effects. If there were something that the

745
00:41:06,719 --> 00:41:09,279
Speaker 1: President could do to flip a switch and and really

746
00:41:09,400 --> 00:41:12,000
Speaker 1: reduce the price of gasoline, he probably already would have

747
00:41:12,040 --> 00:41:14,200
Speaker 1: done it. Uh. That is an example of the kind

748
00:41:14,239 --> 00:41:16,400
Speaker 1: of thing that he can do to to take action

749
00:41:16,480 --> 00:41:18,680
Speaker 1: on this and try to mitigate the cost to the

750
00:41:18,760 --> 00:41:22,600
Speaker 1: American people. But really, as I mentioned, he he has

751
00:41:22,680 --> 00:41:26,080
Speaker 1: warned that these kinds of sanctions are not ideal. They're

752
00:41:26,160 --> 00:41:30,239
Speaker 1: they're they're not great for anybody. Jack Fitzpatrick, Bloomberg, Government

753
00:41:30,239 --> 00:41:33,920
Speaker 1: Congressional reporter. Thank you as always, Karen. All right, Nathan,

754
00:41:34,000 --> 00:41:36,239
Speaker 1: it is six day six on Wall Street. This is

755
00:41:36,320 --> 00:41:39,640
Speaker 1: Bloomberg day Break. In February is Black History Month, and

756
00:41:39,760 --> 00:41:42,719
Speaker 1: every day this month we are celebrating significant moments in

757
00:41:42,880 --> 00:41:46,279
Speaker 1: US black history. Now, if your installment for February four

758
00:41:46,440 --> 00:41:49,239
Speaker 1: here is Bloomberg's really too young. On this day in

759
00:41:49,280 --> 00:41:53,160
Speaker 1: Black history. In eighteen sixty four, Rebecca Lee Crumpler becomes

760
00:41:53,200 --> 00:41:55,800
Speaker 1: the first black woman to receive an m d degree.

761
00:41:56,160 --> 00:41:58,920
Speaker 1: To put that into perspective, in eighteen sixty there were

762
00:41:58,960 --> 00:42:01,799
Speaker 1: only three hundred women out of fifty four thousand, five

763
00:42:02,320 --> 00:42:05,239
Speaker 1: forty three physicians in the United States, none of them

764
00:42:05,400 --> 00:42:10,240
Speaker 1: were African American. Crumpler first worked as a nurse in Charlestown, Massachusetts,

765
00:42:10,280 --> 00:42:13,480
Speaker 1: before she was accepted into the New England Female Medical College.

766
00:42:13,880 --> 00:42:16,399
Speaker 1: It was during a time when male physicians claimed women

767
00:42:16,440 --> 00:42:19,480
Speaker 1: did not have the physical strength to practice medicine. In

768
00:42:19,600 --> 00:42:23,560
Speaker 1: eighteen eighty three, Crumpler released book of Medical Discourses, which

769
00:42:23,680 --> 00:42:26,080
Speaker 1: was one of the first medical books written by an

770
00:42:26,080 --> 00:42:30,319
Speaker 1: African American. That's today in Black history. I'm Nita Young

771
00:42:30,680 --> 00:42:34,560
Speaker 1: Bloomberg Radio. All right, Granita, thank you again. Futures are

772
00:42:34,760 --> 00:42:38,480
Speaker 1: dropping this morning, with SNP futures down ninety three points

773
00:42:38,600 --> 00:42:40,759
Speaker 1: or two point two per cent. And we'll have more

774
00:42:40,920 --> 00:42:44,040
Speaker 1: on the market straight ahead on Bloomberg Surveillance and for

775
00:42:44,200 --> 00:42:47,560
Speaker 1: Nathan Hagar on Karen Moscow and this is Bloomberg