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Speaker 1: Live from the Bloomberg in Director Brooker Studios. Is Bloomberg

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Speaker 1: day Break for Thursday, January two. Coming up this hour,

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Speaker 1: the call for higher interest rates from the Fed grows.

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Speaker 1: Louder Le Brainerd heads to Capitol Hill for her Senate

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Speaker 1: confirmation hearing traders prepare for another reading on inflation this morning,

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Speaker 1: and a big name on Wall Street tells staff to

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Speaker 1: get booster shots or get out. House Minority Leader McCarthy

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Speaker 1: says he will not cooperate with the Capitol Riot panel. Plus,

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Speaker 1: New York subways are getting a big chunk of federal

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Speaker 1: COVID funds. I'm Michael barr more ahead, I'm John stashweron

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Speaker 1: forts the nixt beat Dallas to reach five hundred, The

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Speaker 1: nets one big in Chicago. St John's lost at Yukon

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Speaker 1: in overtime. That's all straight ahead on Bloomberg day Break

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Speaker 1: on Bloomberg Elementaro, New York, Bloomberg nine one, Washington, d C,

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Speaker 1: Bloomberg one O six one, Boston, Bloomberg nine sixties, San Francisco,

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Speaker 1: Sirius x M one nineteen and around the world Old

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Speaker 1: on Bloomberg Radio dot Com and via The Bloomberg Business

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Speaker 1: at Good Morning I'm Nathan Hagar and I'm Karen Moscow

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Speaker 1: and US Dock Index futures are on the rise this morning.

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Speaker 1: We are coming up to six one on Wall Street,

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

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Speaker 1: trading day. On Bloomberg right now, SMP futures are up

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Speaker 1: five points down, futures up thirty one, nosday futures up, seventeen.

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Speaker 1: Ten year Treasury down one thirty second. You at one

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Speaker 1: point seven four percent yield on the two year point

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Speaker 1: nine pent Nathan, Karen, we begin with more calls for

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Speaker 1: higher interest rates this morning. At least four FED officials

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Speaker 1: now are calling for liftoff as early as March. Here's

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Speaker 1: Minneapolis FED President Neil cash Cary. If you look at

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Speaker 1: financial market indicators of where you finisial market stake, inflation

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Speaker 1: is going over the long term. Over the long term,

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Speaker 1: they're solving the camp and inflation is going back to

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Speaker 1: historical levels of arab So that's I mean, I don't

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Speaker 1: overweight that. That's one data point that we pay attention to,

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Speaker 1: but that at least gives us some confidence. Minneapolis Fed

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Speaker 1: President Neil cash Carry made the comments at a town

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Speaker 1: hall in Minnesota Other FED presidents are also calling for

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Speaker 1: faster tightening. San Francisco's Mary Daily wants to start in March.

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Speaker 1: Patrick Harker of Philadelphia wants at least three hikes this year. St.

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Speaker 1: Louis chief Jim Bullard sees as many as four increases

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Speaker 1: on the calendar. Well, Nathan, the FEDS looking to fight

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Speaker 1: the hottest inflation in nearly four decades, and today we

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Speaker 1: get more data on prices. Economist forecast the producer price

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Speaker 1: index for December will post a record annual increase of

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Speaker 1: nine point eight percent. Bloomberg has any Dale Juda's reports

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Speaker 1: inflation is rattling main street. The cost of living is

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Speaker 1: rising at the fastest pace. Based on December consumer price data.

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Speaker 1: November producer prices meantime scored the largest you re or

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Speaker 1: increased so far, up nine point six percent. And yet

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Speaker 1: Boomberg Economics he's hope forecasting producer prices topping out this

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Speaker 1: quarter based on factory data and noting order backlots and

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Speaker 1: supplier delivery leaf peaked in May. Vine Jude Bloomberg day

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Speaker 1: break right, Vinnie, thank you. As the FED fights inflation,

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Speaker 1: the Biden administration is working to fill vacant seats at

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Speaker 1: the Central Bank. It looks like it's getting close. We

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Speaker 1: get more from Bloomberg's Doug Prisner. The director of the

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Speaker 1: National Economic Council, Brian Deese, told reporters the White House

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Speaker 1: is working closely with congressional leadership to finalize the list.

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Speaker 1: As we previously reported, Sarah bloom Raskin is a leading

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Speaker 1: contender for the vice chair of Supervision, but earlier this week,

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Speaker 1: the top Republican on the Senate Banking Committee, Pat Toomey,

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Speaker 1: said he has serious concerns about the possible nomination of Raskin.

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Speaker 1: There are two additional openings, were told. Economist Philip Jefferson

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Speaker 1: is a likely nominee, and FED Governor Lyle Brainerd has

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Speaker 1: been nominated as FED vice chair. Today she'll have her

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Speaker 1: confirmation hearing in New York. I'm Doug Prisoner Bloomberg day break,

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Speaker 1: All right, Tyke, thank you. In that confirmation hearing for

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Speaker 1: Lyle Brainerd will be front and center this morning. We

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Speaker 1: get a preview now from Bloomberg's Michael McKee. Governor Brainerd's

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Speaker 1: nomination hearing maybe a bit more contentious than the reception

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Speaker 1: Fed Chair Powell got on Tuesday. Banking Committee Senators were

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Speaker 1: largely content to get Powell's views on the economy and

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Speaker 1: inflation and the implications for interest rates. Brainerd, however, is

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Speaker 1: likely to face tougher questions about the future of FED

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Speaker 1: policies involving diversity and climate change. She has advocated for

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Speaker 1: both positions Republicans don't see as part of the Central

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Speaker 1: Banks mandate. She will defend those efforts as vital to

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Speaker 1: the feds ability to boost growth and promote financial stability,

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Speaker 1: and although the questioning may be tougher, Brainerd, like Powell,

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Speaker 1: is expected to win confirmation. Mial McKey, Bloomberg Debreak, Mike thanks,

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Speaker 1: Let's turn our attention to the pandemic now. Daily COVID

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Speaker 1: cases remain high, but there are signs the omicron wave

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Speaker 1: could be easing. The most serious illness continues to be

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Speaker 1: among the unvaccinated. The CDC says almost all teenagers that

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Speaker 1: need intensive care have not received shots. Bloomberg's Sad Baxter

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Speaker 1: has the story. The CDC says this bolsters the research

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Speaker 1: that says the fiser regiment of works and preventing severe

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Speaker 1: disease and teens. It says venting per cent of the

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Speaker 1: i c U visits and nine percent of hospitalizations. The

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Speaker 1: sample sizes and teams are too small for the CDC

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Speaker 1: to translate it to older populations, but what it does

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Speaker 1: say is that having a very sixteen is preventable. CDC

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Speaker 1: says the reports of deaths were all unvaccinated in San Francisco.

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Speaker 1: I'm at Baxter Bloomberg daybreak, all right, and thank you. Well.

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Speaker 1: As COVID cases remain high, so does the cost of

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Speaker 1: N ninety five mass. The CDC has considered changing its

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Speaker 1: guidance to advise using only AND ninety five and k

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Speaker 1: N ninety five face coverings, and that sent prices surging

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Speaker 1: on sites like Amazon. In one case, a pack of

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Speaker 1: forty kN ninety five mass now costs eighty dollars. That's

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Speaker 1: sixty bucks higher than it was in November. Well meantime

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Speaker 1: on Wall Street, Karen, another firm is requiring booster shots

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Speaker 1: for workers to get back to the office. Let's get

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Speaker 1: the latest life from Bloomberg's Rnita Young, Good morning, Granita,

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Speaker 1: Good morning. Nathan. Blackstone is the latest financial firm telling

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Speaker 1: us staff to get at a booster shot as soon

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Speaker 1: as possible or get out of the office. The company

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Speaker 1: is also requiring staff to be tested on site three

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Speaker 1: times a week now. Last year, Blackstone asked employees to

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Speaker 1: return to offices full time by June, but when COVID

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Speaker 1: cases later skyrocketed across the country, it gave staff the

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Speaker 1: green light to work from home. Now, black Stone once

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Speaker 1: employees back in the office on January. That's two weeks

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Speaker 1: from tomorrow, Live in New York. I'm gonna need a

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Speaker 1: Young Bloomberg daybreak, all right, ned to thank you, and

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Speaker 1: finally politics is in focus across the pond this morning.

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Speaker 1: Boris Johnson has apologized for what's being called party Gate,

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Speaker 1: but the UK Prime Minister still remains under heavy pressure.

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Speaker 1: We got live to London and get the latest with

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Speaker 1: Bloomberg's Max Ramsey. Good morning, Max, Morning to you, Karen

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Speaker 1: and Nathan. Yes, it's really been a massive political story here.

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Speaker 1: Boris Johnson finally came out and apologized. He said he

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Speaker 1: did attend a party during the first pandemic lockdown in Britain.

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Speaker 1: He's faced a lot of anger, not only from opposition

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Speaker 1: politicians who have called on him to his and but

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Speaker 1: also some from his own party. It puts him really

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Speaker 1: in a difficult position as we wait for the results

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Speaker 1: of an official investigation live in London. I'm Max Ramsey,

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Speaker 1: bloom Back daybreak. Okay, Max, thanks, says we await the

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Speaker 1: market open. Futures are moving higher with SMP futures up

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Speaker 1: four points, NANSTAC futures up twenty. Straight ahead your latest

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Speaker 1: local headlines in the check of Sports. This is Bloomberg

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Speaker 1: in six o seven on Wall Street where thirty five

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Speaker 1: degrees in Central Park. We have an accident in the

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Speaker 1: northbound Lew England threw away at Boston Post Road in

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Speaker 1: Westchester County. Michael Barr has more on what's going on

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Speaker 1: in New York and around the world. The Morning Might Call,

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Speaker 1: Good Morning, Nathan. House. Minority leader Kevin McCarthy says he

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Speaker 1: will not cooperate with the panel investigating the Capitol riot.

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Speaker 1: McCarthy claims the investigation is not legitimate and is accusing

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Speaker 1: the panel of abuse of power. The panel asked McCarthy

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Speaker 1: to volunteerily testify about his conversations with then President Trump

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Speaker 1: as the riot was underway. Senator Mitch McConnell lashed out

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Speaker 1: at President Biden after the President in Atlanta spoke strongly

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Speaker 1: in favor of voting rights legislation. Senator McConnell has recently

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Speaker 1: been called out by the White House for supporting voting

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Speaker 1: rights in the past, but more recently refusing to let

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Speaker 1: the Senate even debate such bills. The Senate Minority leader

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Speaker 1: accused Biden of dividing the country. He promised to unite

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Speaker 1: the demon as Americans who disagree with him. He compared,

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Speaker 1: listen to this a bipartisan majority of senators too literal traders.

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Speaker 1: McConnell says, after knowing Biden for years, he did not

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Speaker 1: recognize the man at the podium. Tuesday. President Joe Biden

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Speaker 1: is highlighting the federal government's effort to surge medical personnel

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Speaker 1: to help overwhelm medical facilities. Starting next week, a thousand

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Speaker 1: military medical personnel will begin arriving in six states, including

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Speaker 1: New York and New Jersey, to help mitigate staffing crunches

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Speaker 1: at hospitals across the country. Senate Majority Leader Chuck Schumer

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Speaker 1: says he will try to break a log jam on

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Speaker 1: two Democrat drafted voting rights bills and begin to bate

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Speaker 1: on the Senate floor this week. Schumer told all Senate

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Speaker 1: Democrats he plans to use the procedural gambit to prevent

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Speaker 1: Republicans from blocking the beginning of debate. Democratic senators are

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Speaker 1: trying to get fellow Senators Joe Manchin and Kirsten Cinema

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Speaker 1: on board to vote to abolish the filibuster. Schumers says

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Speaker 1: there have been serious, long, intense discussions with the two

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Speaker 1: moderate Democrats. We're not there yet. I wouldn't want to

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Speaker 1: delude anybody to thinking this is easy, but we're trying

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Speaker 1: to come to a place where decty senators can support

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Speaker 1: two bills. Senator Schumer also says New York City subways

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Speaker 1: and commuter rails are getting a big junk of federal

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Speaker 1: COVID nineteen relief funds. Schumers says the m t A

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Speaker 1: has received six billion dollars, part of more than fourteen

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Speaker 1: point five billion in overall federal relief aid. Global News

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Speaker 1: twenty four hours a day on airhand on Bloomberg Quicktake,

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Speaker 1: powered by more than twenty seven und journalists and analyists

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Speaker 1: more than a hundred twenty countries. How Michael bar this

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Speaker 1: is Bloomberg. Nathan Thank Smichael coming up to six ten

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Speaker 1: on Wall Street time for the Bloomberg Sports Update with

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Speaker 1: Johnston shown all right, Nathan. Halfway through the regular season,

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Speaker 1: the Knicks were twenty and twenty one. They had the

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Speaker 1: same record at that point last year, when they then

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Speaker 1: went twenty one and ten finished fourth in the East.

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Speaker 1: Knicks began the second half with an easy win at

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Speaker 1: the Garden, where they had been struggling, but they've had

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Speaker 1: won five in a row at home five hundred overall,

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Speaker 1: one oh eighty five win over Dallas, all five Knicks

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Speaker 1: starters and double figures, led once again by R. J. Barrett,

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Speaker 1: he scored thirty two points. After the Knicks one by

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Speaker 1: twenty three, Lenettes in a late start in Chicago one

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Speaker 1: by twenty six, one, eight, one twelve. Brooklyn now scored

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Speaker 1: the Bulls by twenty just in the third quarter. Kevin

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Speaker 1: Rant scored twenty seven. James Harden had twenty five with

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Speaker 1: sixteen a six to loss for St. John's fell in

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Speaker 1: overtime at Yukon eighties six seventy eight too much. Adamo

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Speaker 1: Sagano for the Huskies twenty six points, eighteen rebounds, six

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Speaker 1: block shots. Fordham to it ow in the Atlantic ten

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Speaker 1: at one point, when at rose Hill over du Kane,

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Speaker 1: they announced a draw for the Australian Open which begins Monday.

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Speaker 1: Even though Novak Djokovic could still get deported, He's actually

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Speaker 1: gonna face a fellow serve in the first round if

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Speaker 1: he indeed played. Giants owner John Marra met the media

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Speaker 1: the day after he fired coach Joe Judge. Um, there

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Speaker 1: is nothing more painful to me than making that long

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Speaker 1: walk down the hallway. UH, to tell somebody, particularly a

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Speaker 1: good person like Joe Um, that we're making a change.

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Speaker 1: It's gut wrenching for me. Um. It's been gut wrenching

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Speaker 1: every time I've had to do it. Mara, his brother Chris,

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Speaker 1: and co owner Steve Tish began zoom interviews with the

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Speaker 1: Giants general manager's job. Met with Buffalo assistant GM Joe Shoon.

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Speaker 1: Arian Wilson, who works for Arizona Giants, have seven other

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Speaker 1: GM candidates. Hope to have a higher next week, then

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Speaker 1: start looking for a new coach John Stash, Award Bloomberg Sports,

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Speaker 1: Nathan all Right, John, thanks right now. S and P

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Speaker 1: point seven five on the benchmark tenure. Note you're listening

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Speaker 1: to Bloomberg day Break. Bloomberg day Break is brought to

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Speaker 1: we do this headline crossing the Bloomberg. There's Boeing seven

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Speaker 1: seven four percent yield on the two year point on

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Speaker 1: or five, and the YenS at one fourteen point four six.

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

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Speaker 1: six hundred sixty dollars, and today we are watching for

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Speaker 1: the producer price indext out at eight thirty Wall Street time,

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Speaker 1: along with the weekly report on initial jobless claims. That's

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Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more

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Speaker 1: on what's going on around the world, Uncle Karen, thank

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Speaker 1: you very much. House Republican leader Kevin McCarthy now says

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Speaker 1: piece as the House January sixth investigation is not legitimate.

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Speaker 1: The Biden administration says it's seeking new u N sanctions

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Speaker 1: against North Korea in response to be Young Yang's latest

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Speaker 1: ballistic missile test. It's still up in the air whether

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Speaker 1: Novak Djokovic will be able to defend is Australian Open title.

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Speaker 1: The Australian Immigration Minister is still considering whether to deport

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Speaker 1: the tennis star who was not vaccinated against COVID nineteen.

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Speaker 1: In the NBA, the Knicks NAT, Celtics and Wizards all one.

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Speaker 1: In the NHL, the Bruins won Global news twenty four

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Speaker 1: hours a day on air and on Bloomberg Quicktake, powered

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Speaker 1: than a hundred twenty countries. I'm Michael bar and this

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Speaker 1: is Bloomberg. Thanks Michael. It's six nineteen on Wall Street

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Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak,

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Speaker 1: as we continue to assess this environment of historically high

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Speaker 1: inflation and what the FED can do about it. We're

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Speaker 1: joined by Sarah Human, Managing director and head of Europe

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Speaker 1: and America's Research at Standard Chartered Banks. Sarah, it's great

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Speaker 1: to speak with you this morning. The seven percent CPI print,

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Speaker 1: does that seal the deal for rate hikes starting in March?

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Speaker 1: We think so, yes, we were looking for twenty basis

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Speaker 1: points in March. If you look at said commentary, it's

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Speaker 1: become increasingly hawkish. Um you've had several FED speakers yesterday

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Speaker 1: and overnight talking specifically about a March lift off the rates,

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Speaker 1: and I think that the you know, CPI data are

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Speaker 1: the key driver there. The narrative has has really shifted

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Speaker 1: as we know, the transitory comment has has disappeared, long

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Speaker 1: since disappeared, and there's a real concern about inflation becoming embedded,

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Speaker 1: but also recognition about the risks that it brings for

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Speaker 1: economic recovery and the squeeze on wages. What's your view

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Speaker 1: on whether inflation is becoming embedded? Is it could we

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Speaker 1: see even more price pressures as we go through the

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Speaker 1: early part of this year. I think certainly the headline

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Speaker 1: numbers are likely to stay elevated, and probably year on

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Speaker 1: year readings will rise further. That's partly because of base effects,

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Speaker 1: partly because we asked still seeing the impact of supply

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Speaker 1: side disruptions feeding through to the general price index. But

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Speaker 1: over the course of the next few months, particularly once

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Speaker 1: we get into the second half of the year, I

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Speaker 1: think a number of these pressures are going to ease

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Speaker 1: and we will see inflation moving back down towards the

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Speaker 1: Fed's target. I mean, indeed, for next year, we think

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Speaker 1: that we will see core PCE back at at or

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Speaker 1: even below two percent here on yees, So that would

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Speaker 1: suggest to us that the Fed can proceed cautiously. We're

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Speaker 1: expecting a rate hike in March, another in June, but

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Speaker 1: then we think the Fed will pause to see how

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Speaker 1: the economy evolves. What's your expectation for producer prices when

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Speaker 1: we get that coming out later this morning, there's a

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Speaker 1: median estimate of nine percent. That would be a record, Yeah,

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Speaker 1: it would. I mean, it's it's just about feasible that

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Speaker 1: we could even see double figures year on year. But

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Speaker 1: I think what's important is that the monthly reading is

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Speaker 1: likely to be lower than we've we've had over recent months,

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Speaker 1: and we are starting to see some very tentative signs

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Speaker 1: of those um input prices fading. For example, China's producer

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Speaker 1: price index, which have been extremely high, has been down

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Speaker 1: for the last couple of months. We think we've seen

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Speaker 1: a peak in energy prices, although of course prices you know,

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Speaker 1: picking up again more recently. Freight costs still very elevated,

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Speaker 1: but off where they were back in September October. So

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Speaker 1: the year on year reading today is going to be

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Speaker 1: very high, but we would expect that the trend over

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Speaker 1: the course of the coming months is going to be

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Speaker 1: for a gradual decline. Does a more hawk is turn

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Speaker 1: from the FED risk dampening US growth or do you

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Speaker 1: think the central bank can bring this in for a

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Speaker 1: soft landing. I mean, it's the big challenge for central

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Speaker 1: bankers facing these sorts of inflation shan pressures, trying to

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Speaker 1: assess how far the risk, you know, how far wages

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Speaker 1: start to pick up in response, and to what extent.

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Speaker 1: Actually these costs are a major headwind to activity. So

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Speaker 1: that's why we think that they will, you know, raise

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Speaker 1: rates soon um for this first half of the year,

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Speaker 1: but we'll then take a breather to see how the

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Speaker 1: economy is evolving and also importantly how quickly invitation is

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Speaker 1: coming down our last minute here, Do you expect Lyle

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Speaker 1: Brainer to support that view when she goes before the

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Speaker 1: Senate Banking Committee later this morning? What are you going

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Speaker 1: to be listening for from the vice chair nominee, Yeah,

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Speaker 1: I mean, certainly, I think it's all eyes on what

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Speaker 1: she says regarding the inflation risks, and her recent comments

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Speaker 1: have taken a more hawkish turn. So I think that

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Speaker 1: you know that the surprise would be um if there

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Speaker 1: were the sort reversively dubish comments. Um. I mean it's

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Speaker 1: not all one way for sure. There are some reasons

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Speaker 1: to believe that perhaps the peak pressure is over, but

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Speaker 1: I'm not sure that that's the message that that Bernard

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Speaker 1: is going to be giving it today's session. All right,

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Speaker 1: As always, Sarah, thanks for the insights. Sarah Human is

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Speaker 1: Managing director and head of Europe and America's Research at

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Speaker 1: Standard Chartered Bank. As we await the Producer Price Index

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Speaker 1: out at eight thirty Wall Street time and Lyle Brainerd's

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Speaker 1: testimony before the Senate Banking Committee that begins around ten

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Speaker 1: am on Capitol Hill, we'll have continuing coverage throughout the

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Speaker 1: day for you here on Bloomberg Radio. Right now, SMP

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Speaker 1: futures are up three points, STOUT futures up forty nine.

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Speaker 1: Nasdaq futures are higher by eight points. Just ahead, more

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Speaker 1: calls for March rate lift off, and another big bank

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Speaker 1: puts out a booster mandate. It's all coming up, as

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Speaker 1: we checked the five things you need to notice start

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Speaker 1: your day on Bloomberg Daybreak Bloomberg eleven three oh weather, clouds,

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Speaker 1: some sun today, low forties for highs, clearing and breezy tomorrow.

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Speaker 1: Up for thirties a mix of sun and clouds and

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Speaker 1: highs only in the low twenties on Saturday. Currently thirty

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Speaker 1: five degrees broadcasting live from the Bloomberg Interacted Broker's studio

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Speaker 1: in New York, Bloomberg E Living Tree to Washington, d C,

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

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Speaker 1: Bloomberg N sixty to the country Sirius XM Cho one

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Speaker 1: nine and around the globe the Bloomberg Business app in

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Speaker 1: Bloomberg Radio dot com. This is Bloomberg Daybreak and at

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Speaker 1: six thirty on Wall Street Coup Morning. I'm Nathan Hagar

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Speaker 1: and I'm Karen Moscow, and we're just about three hours

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

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Speaker 1: five things you need to note start your day. Brought

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Speaker 1: to you by Interacted Broker's Global Analysts. Global Analysts helps

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Speaker 1: you find new global investment opportunities, to diversify your portfolio

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Speaker 1: and discover undervalued companies. Try Global Analysts today at ib

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Speaker 1: k R dot com. Slash g A up first, the

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Speaker 1: FED and inflation as front and center. San Francisco President

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Speaker 1: Mary Daily and Philadelphia Fed chief Patrick Harker are publicly

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Speaker 1: discussing a rate hike in March. The Central Bank is

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Speaker 1: looking to fight the hottest inflation in a generation, and

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Speaker 1: they'll need increase to increase rates aggressively to do so.

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Speaker 1: That's according to Bridgewater Associates Investment Research Director Rebecca Patterson.

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Speaker 1: We think inflation is likely to be significantly above what's

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Speaker 1: discounted and of course the fence target, unless they decide

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Speaker 1: they're going to hike a lot more aggressively than once priced.

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Speaker 1: Rebecca Patterson at Bridgewater Associate says markets are not prepared

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Speaker 1: for just how sticky high inflation could be. And up next, Karen,

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Speaker 1: there's more inflation data. We'll get the producer price index

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Speaker 1: for December Today. An economists forecast a record or over

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Speaker 1: your increase of nine point eight percent, and the report

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Speaker 1: comes at eight thirty am Wall Street time, Nathan. Then

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Speaker 1: ninety minutes later, their Senate Banking Committee holds a confirmation

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Speaker 1: hearing for Lyle Brainerd. She's been tapped to serve as

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Speaker 1: vice chair of the Fed. At Bloomberg's The New Judas reports,

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Speaker 1: brainerdition economist and current member the Federal Reserve Board. She

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Speaker 1: also held the top post at the Treasury. Her nomination

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Speaker 1: preserves continuity at the Central Bank, along with the renomination

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Speaker 1: of FED chairs Rome Powell to a second term. Brainert

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Speaker 1: and Powell have similar views on monetary policy stamping out inflation,

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Speaker 1: but different bank regulation. She wants to maintain tough curbs

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Speaker 1: imposed after the two thousand and eight financial crisis. Bene

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Speaker 1: Judas Sloomberg Daybreak. Al Right, Vinnie, thank you. Let's turn

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Speaker 1: our attention to the pandemic now. Daily COVID cases remain high,

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Speaker 1: but there are signs the omicron wave could be easing.

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Speaker 1: The most serious illness continues to be among the unvaccinated,

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Speaker 1: and when it comes to teenagers, the CDC says almost

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Speaker 1: all of them that need intensive care have not received shots. Well.

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Speaker 1: Nathan on Wall Street and their finding cho firm is

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Speaker 1: requiring booster shots to get back to the office. We

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Speaker 1: get the details live from Bloomberg's I Need a Young

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Speaker 1: Good Morning Rindy to Good Morning Karen. Blackstone is the

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Speaker 1: latest firm telling us staff to get a booster shot

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Speaker 1: as soon as possible or get out of the office.

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Speaker 1: It's also requiring staff to be tested on site. Three

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Speaker 1: times a week black Stone once employees back in the

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Speaker 1: office on January that's two weeks from tomorrow. Live in

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Speaker 1: New York. I'm gonna need a young Bloomberg day break.

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Speaker 1: We need to thank you and s F five things

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Speaker 1: you need to notice start your day. Brought to you

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Speaker 1: by Interactive Brokers, and this is Bloomberg. Thanks Karen. Six

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Speaker 1: thirty three on Wall Street, thirty six degrees in Central Parker.

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Speaker 1: Starting to see some volume build on the GWB and

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Speaker 1: the Lincoln in Holland Tunnels. Details coming up in traffic. First,

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Speaker 1: Michael Barn with Morrow. What's going on in New York

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Speaker 1: and around the world. Good morning, Michael, Good morning Nathan.

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Speaker 1: The House Bental investigating the US Capital ryant has requested

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Speaker 1: an interview and records from House Minority Leader Kevin McCarthy. However,

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Speaker 1: mccarth he says he will not cooperate, claiming the investigation

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Speaker 1: is not legitimate and is accusing the panel of abuse

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Speaker 1: of power. Meanwhile, former White House spokesperson Kaylee mcinaney is

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Speaker 1: said to have answered questions from the committee investigators. President

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Speaker 1: Biden is expected to travel to Capitol Hill today to

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Speaker 1: make an in person plea directly to those Senators and

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Speaker 1: Majority Leader Chuck Schumer still hoping for vote on those

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Speaker 1: rule changes by the end of the week. On the filibuster,

428
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Speaker 1: Schumer told reporters there have been quote serious, long and

429
00:24:31,240 --> 00:24:35,520
Speaker 1: intense discussions with moderate Democrats Joe Manchin and Kirsten Cinema

430
00:24:35,800 --> 00:24:39,160
Speaker 1: to join other Democrats in changing the filibuster rules. We're

431
00:24:39,200 --> 00:24:41,760
Speaker 1: trying to come to a place where fifty Senators can

432
00:24:41,840 --> 00:24:47,680
Speaker 1: support two bills, the Freedom to Vote Act and UH

433
00:24:47,800 --> 00:24:51,000
Speaker 1: the John Lewis Act, and with a change in the

434
00:24:51,080 --> 00:24:54,720
Speaker 1: rules so we can get the votes to um pass

435
00:24:54,800 --> 00:24:57,720
Speaker 1: these bills into world. Meanwhile, Schumer also says New York

436
00:24:57,720 --> 00:25:01,159
Speaker 1: City subways and commuter rails are getting big chunk of

437
00:25:01,280 --> 00:25:04,680
Speaker 1: federal COVID nineteen relief funds. Senator says the m t

438
00:25:04,800 --> 00:25:07,800
Speaker 1: A has received six billion dollars, part of more than

439
00:25:07,880 --> 00:25:11,760
Speaker 1: fourteen point five billion in overall federal relief fate. The U.

440
00:25:11,840 --> 00:25:14,600
Speaker 1: S Military would deploy new help to hospitals in New

441
00:25:14,680 --> 00:25:17,719
Speaker 1: York and New Jersey as they grappled with a wave

442
00:25:17,840 --> 00:25:21,640
Speaker 1: of hospitalizations driven by the omicron variant. The White House

443
00:25:21,640 --> 00:25:24,720
Speaker 1: says President Joe Biden will announce that his administration is

444
00:25:24,720 --> 00:25:28,639
Speaker 1: deploying military doctors and nurses and others to six hospitals

445
00:25:28,640 --> 00:25:32,280
Speaker 1: in six states, including Coney Island Hospital in Brooklyn and

446
00:25:32,520 --> 00:25:36,879
Speaker 1: University Hospital in Newark. The workers are relief teams dispatched

447
00:25:36,880 --> 00:25:40,840
Speaker 1: to east pressures on overwhelmed health centers. Britain's Prince Charles

448
00:25:40,960 --> 00:25:43,680
Speaker 1: is one step closer, or Prince Andrew is one step

449
00:25:43,680 --> 00:25:47,560
Speaker 1: closer to facing civil charges in court. Federal judge rejected

450
00:25:47,640 --> 00:25:51,280
Speaker 1: arguments to dismiss a case by Virginia Duffrey, an alleged

451
00:25:51,359 --> 00:25:55,920
Speaker 1: victim of Jeffrey Epstein. Guffrey claims Epstein trafficked her to Andrew,

452
00:25:56,200 --> 00:25:58,560
Speaker 1: who was accused of sexually abusing her when she was

453
00:25:58,640 --> 00:26:02,440
Speaker 1: just seventeen. What's next for the Prince, the lawyer Mark Stevens,

454
00:26:02,680 --> 00:26:05,440
Speaker 1: is the only thing that he's worse than having Prince

455
00:26:05,480 --> 00:26:08,679
Speaker 1: Andrew in the odia that he is in already is

456
00:26:08,680 --> 00:26:12,399
Speaker 1: actually to have him start to deal with the allegations

457
00:26:12,480 --> 00:26:16,840
Speaker 1: in public. Prince Andrew has repeatedly denied the allegations. Global

458
00:26:16,840 --> 00:26:19,800
Speaker 1: News twenty four hours a day on airand on Bloomberg Quickday,

459
00:26:19,840 --> 00:26:22,680
Speaker 1: powered by more than twenty seven hundred journalists and analysts,

460
00:26:22,720 --> 00:26:24,960
Speaker 1: in more than a hundred twenty countries. I'm Michael Barr.

461
00:26:25,080 --> 00:26:32,480
Speaker 1: This is Bloomberg Nathan. Thank you, Michael. Six thirty six

462
00:26:32,480 --> 00:26:34,560
Speaker 1: on Wall Street. Time for the Bloomberg Sports Update. Here's

463
00:26:34,640 --> 00:26:37,639
Speaker 1: John Stasha Nathan. Finally some home cooking for the Next Man.

464
00:26:37,680 --> 00:26:40,440
Speaker 1: Had one just six of their first seventeen at the

465
00:26:40,520 --> 00:26:42,360
Speaker 1: Garden last night, their fifth home win in a row.

466
00:26:42,760 --> 00:26:45,240
Speaker 1: It was easy over Dallas to manager without the X

467
00:26:45,359 --> 00:26:48,480
Speaker 1: Nick Christoph Prozingis as well as their coach Jason Kidd,

468
00:26:48,520 --> 00:26:50,480
Speaker 1: both on the COVID list. They had won their last

469
00:26:50,520 --> 00:26:53,120
Speaker 1: six for the nixt role one oh eight to eighty five.

470
00:26:53,280 --> 00:26:56,240
Speaker 1: R J. Barrett's days red hot thirty two points. Three

471
00:26:56,240 --> 00:26:58,480
Speaker 1: of his last five games he has scored over thirty.

472
00:26:58,520 --> 00:27:01,119
Speaker 1: The next get to twenty one and twenty one on

473
00:27:01,160 --> 00:27:03,359
Speaker 1: the season. The Nets in Chicago, top two teams in

474
00:27:03,400 --> 00:27:06,640
Speaker 1: the East. Surprisingly easy win for Brooklyn one thirty eight

475
00:27:06,680 --> 00:27:09,479
Speaker 1: to one twelve. St. John's went to overtime at Yukon

476
00:27:09,600 --> 00:27:12,200
Speaker 1: Huskies had an eleven nothing run They won eighties six

477
00:27:12,280 --> 00:27:14,840
Speaker 1: seventy eight. Julian Tim Pagany scored twenty seven for the

478
00:27:14,880 --> 00:27:17,320
Speaker 1: Red Storm. Rangers continue the roadship tonight in San Jose,

479
00:27:17,760 --> 00:27:20,720
Speaker 1: Islanders host. The Devil's Islands have played just two games

480
00:27:20,760 --> 00:27:23,080
Speaker 1: the last three and a half weeks. The Australian Open

481
00:27:23,119 --> 00:27:25,520
Speaker 1: begins Monday. They delay the announcement of the draw they

482
00:27:25,520 --> 00:27:28,800
Speaker 1: finally did with Novak Djokovic. He's actually facing a fellow

483
00:27:28,880 --> 00:27:30,959
Speaker 1: Serb in the first round, but Djokovic could still be

484
00:27:31,000 --> 00:27:34,600
Speaker 1: deported to the no vaccine controversy. Just a few weeks ago,

485
00:27:34,680 --> 00:27:36,879
Speaker 1: the report was that the Giant we're not going to

486
00:27:36,920 --> 00:27:40,200
Speaker 1: fire coach Joe Judge and then owner John Mara did.

487
00:27:40,359 --> 00:27:43,159
Speaker 1: We just got to a point where I where I

488
00:27:43,200 --> 00:27:45,800
Speaker 1: thought we had dug ourselves a whole so deep that

489
00:27:45,920 --> 00:27:47,879
Speaker 1: I didn't see a clear path to getting out of

490
00:27:47,920 --> 00:27:51,240
Speaker 1: it unless we completely blew it up and it started

491
00:27:51,280 --> 00:27:53,240
Speaker 1: all over again with a new general manager to the

492
00:27:53,320 --> 00:27:55,520
Speaker 1: new head coach. Era has begun interviews for the general

493
00:27:55,560 --> 00:27:57,600
Speaker 1: manager's job and then they'll hire a new coach. May

494
00:27:57,680 --> 00:28:01,399
Speaker 1: admitted that this season left him more embarrassed than ever before.

495
00:28:01,400 --> 00:28:03,520
Speaker 1: He said every time he thought they hit rock bottom,

496
00:28:03,520 --> 00:28:05,919
Speaker 1: it got worse. He admits he has to earn the

497
00:28:05,920 --> 00:28:09,960
Speaker 1: trust of Giants fans, specially where Bloomberg Sports Stephen John

498
00:28:10,000 --> 00:28:12,000
Speaker 1: thank you at his six thirty seven on Wall Street

499
00:28:12,000 --> 00:28:13,480
Speaker 1: Time to take a look at stocks and some of

500
00:28:13,480 --> 00:28:15,920
Speaker 1: the names moving in the pre market with Bloomberg Radio

501
00:28:15,920 --> 00:28:20,000
Speaker 1: and TV Markets correspondent Creedy Goopta starting off with some

502
00:28:20,119 --> 00:28:24,960
Speaker 1: breaking earnings news, pulling into the arrival gate. Cready, Yeah, absolutely,

503
00:28:24,960 --> 00:28:27,840
Speaker 1: we're getting Delta numbers is crossing the wire here, d

504
00:28:27,960 --> 00:28:30,240
Speaker 1: a ls your taker. The share is spiking two point

505
00:28:30,320 --> 00:28:32,760
Speaker 1: nine percent to shive three percent. This comes after they

506
00:28:32,800 --> 00:28:36,000
Speaker 1: report a law thanks that Omicron surge, but expecting to

507
00:28:36,040 --> 00:28:38,840
Speaker 1: make a recovery. Ordinarily, Nathan, that would mean that the

508
00:28:38,840 --> 00:28:41,360
Speaker 1: stock is supposed to drop, right, That's the gut instinct.

509
00:28:41,520 --> 00:28:44,160
Speaker 1: But the EPs actually came in at twenty two cents.

510
00:28:44,160 --> 00:28:47,240
Speaker 1: The consensus estimate on the lower end was about fourteen cents.

511
00:28:47,240 --> 00:28:48,720
Speaker 1: So the fact that they were able to do that,

512
00:28:49,000 --> 00:28:51,720
Speaker 1: plus the keeping in mind that Omicron is kind of

513
00:28:51,760 --> 00:28:54,600
Speaker 1: the cases are dropping. So you are seeing this idea

514
00:28:54,600 --> 00:28:57,400
Speaker 1: that perhaps investors are looking through what they see as

515
00:28:57,440 --> 00:29:00,520
Speaker 1: a temporary setback up being said, there was also upgraded

516
00:29:00,560 --> 00:29:03,880
Speaker 1: to a positive by Susquehanna before the earnings came out,

517
00:29:03,920 --> 00:29:06,600
Speaker 1: saying in the note that the base case now assumes

518
00:29:06,640 --> 00:29:09,760
Speaker 1: a fuller unlocking of high marchin businesses and long haul

519
00:29:10,000 --> 00:29:13,160
Speaker 1: into the back half of so once again, Delta shares

520
00:29:13,240 --> 00:29:16,040
Speaker 1: d a L actually now crossing three percent in the

521
00:29:16,080 --> 00:29:18,080
Speaker 1: pre market. Nathan, Let's just stick with airlines, and I

522
00:29:18,120 --> 00:29:21,160
Speaker 1: should say the aerospace industry here because Boeing as well

523
00:29:21,280 --> 00:29:23,960
Speaker 1: is also thriving. This morning, Bowing b A is your taker,

524
00:29:24,320 --> 00:29:27,080
Speaker 1: up also about three percent in the pre market as

525
00:29:27,080 --> 00:29:29,280
Speaker 1: comes after the seven thirty seven max. It looks to

526
00:29:29,280 --> 00:29:32,160
Speaker 1: be resuming service in China as soon as this month.

527
00:29:32,200 --> 00:29:34,920
Speaker 1: This has been a major driver for the stock. Bow

528
00:29:34,960 --> 00:29:36,880
Speaker 1: And gets a good chunk of their business from China,

529
00:29:37,280 --> 00:29:40,120
Speaker 1: and that seven seven max has actually been grounded since

530
00:29:40,840 --> 00:29:42,960
Speaker 1: the So good news over there at Bowing. Let's move

531
00:29:43,000 --> 00:29:45,880
Speaker 1: over to the biotech space. So Verbiotechnology v i R

532
00:29:46,040 --> 00:29:48,280
Speaker 1: getting a boost this morning up to shrive seven percent

533
00:29:48,560 --> 00:29:51,000
Speaker 1: following a series of analyst notes that have said shed

534
00:29:51,040 --> 00:29:54,280
Speaker 1: some positive optimism on the stock. This, of course follows

535
00:29:54,280 --> 00:29:56,920
Speaker 1: news from yesterday that the US government said it would

536
00:29:56,920 --> 00:30:00,200
Speaker 1: buy six hundred thousand additional doses of Verbia technology, these

537
00:30:00,240 --> 00:30:04,480
Speaker 1: covid antibody treatment that they've developed with Glaxo smith Klin. Nathan. Now,

538
00:30:04,520 --> 00:30:08,479
Speaker 1: of course, earning season really kicks off tomorrow how are

539
00:30:08,520 --> 00:30:12,360
Speaker 1: those bank stocks doing this morning. They're actually up quite

540
00:30:12,400 --> 00:30:13,959
Speaker 1: a bit, and it tells you there's a little bit

541
00:30:13,960 --> 00:30:16,440
Speaker 1: of optimism here going into those earnings. Of course, JP,

542
00:30:16,560 --> 00:30:19,800
Speaker 1: Morgan and City among others also reporting first thing in

543
00:30:19,800 --> 00:30:21,640
Speaker 1: the morning tomorrow. But take a look at what BAK

544
00:30:21,680 --> 00:30:23,960
Speaker 1: America shares are doing. B a C for example, as

545
00:30:24,000 --> 00:30:26,479
Speaker 1: the proxy I'm gonna use for bank stocks widely up

546
00:30:26,560 --> 00:30:29,400
Speaker 1: seven tenths of a percent. And remember banks were actually

547
00:30:29,400 --> 00:30:32,200
Speaker 1: the underperformer of yesterday session, So seeing a little bit

548
00:30:32,360 --> 00:30:35,120
Speaker 1: of reversing those losses from yesterday, but also perhaps a

549
00:30:35,160 --> 00:30:37,760
Speaker 1: little bit of optimism ahead of smorrow's earnings. All right,

550
00:30:37,840 --> 00:30:40,680
Speaker 1: Bloomberg Radio on TV, markets correspondent Credy gooped, were they're

551
00:30:40,680 --> 00:30:43,120
Speaker 1: going to be very busy tomorrow when we get those

552
00:30:43,480 --> 00:30:45,920
Speaker 1: bank earnings starting to roll in. As we take a

553
00:30:45,960 --> 00:30:48,480
Speaker 1: look at stocks as a whole ahead of this morning's

554
00:30:48,600 --> 00:30:53,320
Speaker 1: open and the release of producer prices, futures are giving

555
00:30:53,320 --> 00:30:55,640
Speaker 1: back some of their gains. SMP futures right now are

556
00:30:55,720 --> 00:30:59,280
Speaker 1: up just about two points down. Futures of forty NASAC

557
00:30:59,400 --> 00:31:02,040
Speaker 1: futures still hanging in there, but only by about four

558
00:31:02,120 --> 00:31:05,040
Speaker 1: points ten. Your treasury down one thirty second the yield

559
00:31:05,360 --> 00:31:07,960
Speaker 1: one point seven four yield on the two year point

560
00:31:08,040 --> 00:31:14,880
Speaker 1: nine bitcoin forty thousand seven dollars. You're listening to Bloomberg

561
00:31:14,960 --> 00:31:24,360
Speaker 1: day Break, Bloomberg eleven three oh others, some clouds, some

562
00:31:24,440 --> 00:31:28,520
Speaker 1: sun today, little forties, clearing, breezy, upper thirties Tomorrow Saturday,

563
00:31:29,160 --> 00:31:33,560
Speaker 1: it's gonna be cold, low twenties. To start MLK right now,

564
00:31:33,600 --> 00:31:39,920
Speaker 1: thirty six degrees. Markets, headlines and breaking news twenty four

565
00:31:39,920 --> 00:31:43,400
Speaker 1: hours a day at Bloomberg dot com, Blo Bloomberg Business Outland.

566
00:31:43,520 --> 00:31:52,600
Speaker 1: At Bloomberg Quick Tape, this is a Bloomberg business lash

567
00:31:53,120 --> 00:31:57,240
Speaker 1: and I'm camerin Moscow and SMP futures are little change

568
00:31:57,280 --> 00:31:59,200
Speaker 1: this morning. Let's go to the first word breaking news

569
00:31:59,280 --> 00:32:02,400
Speaker 1: dash for today's morning call. Here's Bill Maloney, Bill, good morning,

570
00:32:03,480 --> 00:32:06,240
Speaker 1: and good morning, Karen. That's right. US teachers are quiet

571
00:32:06,320 --> 00:32:08,560
Speaker 1: right now with the futures hired by forty three points,

572
00:32:08,640 --> 00:32:10,760
Speaker 1: S and B S game two. Well, the NASTAC futures

573
00:32:10,760 --> 00:32:13,360
Speaker 1: are hired by five The US ten u ye old

574
00:32:13,360 --> 00:32:15,840
Speaker 1: at one point seven five percent, Gold is down to

575
00:32:16,040 --> 00:32:20,080
Speaker 1: oil is little changed, and bitcoin is also trading little changed.

576
00:32:20,360 --> 00:32:23,160
Speaker 1: Japan fell one percent overnight, while Europa markets are trading

577
00:32:23,240 --> 00:32:25,560
Speaker 1: mixed this morning, and back in the US on the

578
00:32:25,600 --> 00:32:28,360
Speaker 1: economic front, at eight thirty, the Producer price indexs and

579
00:32:28,480 --> 00:32:32,720
Speaker 1: initial Java's claims regarding Ernie's This morning, Delta revenue missed estimates.

580
00:32:32,800 --> 00:32:35,960
Speaker 1: And in deal news, Blackstone sweetened its offer to buy

581
00:32:35,960 --> 00:32:38,800
Speaker 1: Crime Resorts for six point five billion, and other news.

582
00:32:38,840 --> 00:32:41,320
Speaker 1: Blackstone tells US staff to get the booster to work

583
00:32:41,440 --> 00:32:44,120
Speaker 1: in the office and the Bowling seven thirty seven Max

584
00:32:44,200 --> 00:32:47,200
Speaker 1: to resume service in China as soon as this month.

585
00:32:47,560 --> 00:32:50,080
Speaker 1: Wrapping things up, Center Point Energy cut to neutral at

586
00:32:50,080 --> 00:32:53,120
Speaker 1: Goldman Sachs. Biker US was cut to neutral over at JP.

587
00:32:53,240 --> 00:32:56,200
Speaker 1: Morgan live from the First Breaking News desk on Bill

588
00:32:56,240 --> 00:32:58,440
Speaker 1: Maloney care all right, Bill, thank you, and here live

589
00:32:58,480 --> 00:33:01,760
Speaker 1: breaking news of your Bloomberg Squawk on your terminal squ

590
00:33:01,920 --> 00:33:04,320
Speaker 1: a w K and that's a Bloomberg business flash. Now

591
00:33:04,360 --> 00:33:06,600
Speaker 1: here's Michael Barr with more on what's going on around

592
00:33:06,600 --> 00:33:09,760
Speaker 1: the world. Michael Karen, thank you very much. House minority

593
00:33:09,840 --> 00:33:13,000
Speaker 1: leader Kevin McCarthy says he will not cooperate with the

594
00:33:13,040 --> 00:33:17,560
Speaker 1: panel investigating the US capital riot. McCarthy claims the investigation

595
00:33:17,680 --> 00:33:20,600
Speaker 1: is not legitimate and is accusing the panel of abuse

596
00:33:20,680 --> 00:33:24,080
Speaker 1: of power. Senate Democrats are aiming to launch debate on

597
00:33:24,200 --> 00:33:26,760
Speaker 1: voting rights, even though there is no guarantee the bill

598
00:33:26,840 --> 00:33:29,840
Speaker 1: will come to a vote. Today, President Joe Biden will

599
00:33:29,840 --> 00:33:32,480
Speaker 1: meet with the Democrats at the Capitol, even though the

600
00:33:32,560 --> 00:33:36,480
Speaker 1: legislation is now blocked by a Republican filibuster. It's unclear

601
00:33:36,560 --> 00:33:38,880
Speaker 1: whether no Vak Djokovic will be able to defend his

602
00:33:38,960 --> 00:33:43,640
Speaker 1: Australian Open title. The Australian Immigration Ministry is still considering

603
00:33:43,680 --> 00:33:46,720
Speaker 1: whether to deport the tennis star who is not vaccinated

604
00:33:46,760 --> 00:33:50,400
Speaker 1: against COVID nineteen in the NBA, the next net Celtics

605
00:33:50,400 --> 00:33:53,280
Speaker 1: and Wizards all one in the NHL. The Bruins won

606
00:33:53,760 --> 00:33:56,280
Speaker 1: global news twenty four hours a day on air and

607
00:33:56,440 --> 00:33:59,280
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven

608
00:33:59,360 --> 00:34:02,000
Speaker 1: hundred journal to analyist more than a hundred twenty countries.

609
00:34:02,160 --> 00:34:05,920
Speaker 1: I'm Michael Barr. This is Bloomberg. The following commentary is

610
00:34:05,960 --> 00:34:10,400
Speaker 1: from Bloomberg Opinion. Biden in Georgia. I'm Jonathan Bernstein, a

611
00:34:10,400 --> 00:34:13,560
Speaker 1: columnist for Bloomberg Opinion. Joe Biden spoke Tuesday on behalf

612
00:34:13,560 --> 00:34:17,200
Speaker 1: of the Democrats Voting and democracy agenda. Presidential speeches rarely

613
00:34:17,280 --> 00:34:19,440
Speaker 1: change minds about anything, Nor is it likely that a

614
00:34:19,480 --> 00:34:22,600
Speaker 1: presidential speech can put pressure on wavering members of Congress

615
00:34:22,640 --> 00:34:25,920
Speaker 1: by activating their constituents. So what's the point. For one thing,

616
00:34:26,040 --> 00:34:28,719
Speaker 1: Presidents have to do a fair amount of coalition management

617
00:34:28,800 --> 00:34:32,880
Speaker 1: that's related to the president's representational relationship with voters, explaining

618
00:34:32,880 --> 00:34:36,359
Speaker 1: what he's doing in terms of campaign promises. That's not all.

619
00:34:36,560 --> 00:34:39,840
Speaker 1: Presidential speeches provide potentially worthwhile signals to those who do

620
00:34:39,880 --> 00:34:43,400
Speaker 1: want to listen. Presidential attention can also have agenda setting effects,

621
00:34:43,600 --> 00:34:46,719
Speaker 1: and for the president's strong supporters, presidential speeches can do

622
00:34:46,800 --> 00:34:49,480
Speaker 1: one more thing. They can signal the party position to

623
00:34:49,520 --> 00:34:52,640
Speaker 1: those who haven't been paying attention. After all, most voters

624
00:34:52,640 --> 00:34:54,799
Speaker 1: do not have strong feelings or any position at all

625
00:34:55,000 --> 00:34:59,000
Speaker 1: on most policy questions. Presidential speeches can furnish ready met

626
00:34:59,040 --> 00:35:01,840
Speaker 1: opinions and even the language to express those opinions and

627
00:35:01,840 --> 00:35:04,880
Speaker 1: the arguments to make on their behalf for those party voters.

628
00:35:05,160 --> 00:35:07,719
Speaker 1: I'm Jonathan Burnstein. For more opinion, please go to Bloomberg

629
00:35:07,719 --> 00:35:10,360
Speaker 1: dot com, slash opinion or opi n go on the

630
00:35:10,360 --> 00:35:14,720
Speaker 1: Bloomberg terminal. These has been Bloomberg Opinion and Bloomberg opinion

631
00:35:14,760 --> 00:35:17,279
Speaker 1: commentaries can be heard every weekday at this time, and

632
00:35:17,400 --> 00:35:20,320
Speaker 1: terminal customers can read more at O P I n go.

633
00:35:21,040 --> 00:35:23,200
Speaker 1: It is six fifty on Wall Street. Let's turn to

634
00:35:23,239 --> 00:35:25,960
Speaker 1: news and science and technology now at the Bloomberg and

635
00:35:26,080 --> 00:35:28,719
Speaker 1: j I T STEM report brought to you by New

636
00:35:28,760 --> 00:35:32,279
Speaker 1: Jersey Institute of Technology, which announced that renowned scholar and

637
00:35:32,440 --> 00:35:35,839
Speaker 1: educational leader Dr tech Limb will join the university as

638
00:35:35,920 --> 00:35:38,520
Speaker 1: n j I T s ninth President. Learn more at

639
00:35:38,600 --> 00:35:41,040
Speaker 1: n j I T dot e DU. Now Here's what's

640
00:35:41,080 --> 00:35:44,399
Speaker 1: making news and science, technology, engineering and math. A new

641
00:35:44,440 --> 00:35:47,120
Speaker 1: study from the CDC bolsters the use of the fighter

642
00:35:47,200 --> 00:35:49,960
Speaker 1: and by on tech coronavirus shot in young people. It

643
00:35:50,080 --> 00:35:53,040
Speaker 1: found that almost all teenagers who needed intensive care for

644
00:35:53,160 --> 00:35:58,040
Speaker 1: COVID were unvaccinated. The vaccine prevented of I SEU visits

645
00:35:58,080 --> 00:36:03,880
Speaker 1: and percent of COVID related hospitalizations. US aviation regulators say

646
00:36:03,920 --> 00:36:07,000
Speaker 1: they've made progress reducing the risk of flight disruptions from

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00:36:07,000 --> 00:36:10,040
Speaker 1: the new five G service that begins next week. Still,

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00:36:10,080 --> 00:36:13,040
Speaker 1: the f a A is releasing scores of potential restrictions.

649
00:36:13,320 --> 00:36:15,439
Speaker 1: A T and T and Verizon have agreed to delay

650
00:36:15,480 --> 00:36:18,360
Speaker 1: their five G service for two weeks and limit placement

651
00:36:18,400 --> 00:36:21,560
Speaker 1: of cell towers near fifty airports for at least six months.

652
00:36:21,800 --> 00:36:26,080
Speaker 1: The impact on planes still remains uncertain, and London led

653
00:36:26,120 --> 00:36:30,160
Speaker 1: all other European cities and technology financing. Last year. There

654
00:36:30,200 --> 00:36:32,960
Speaker 1: was a record at twenty five point five billion dollars

655
00:36:32,960 --> 00:36:35,920
Speaker 1: in fresh investment in the British capital. That's according to

656
00:36:35,920 --> 00:36:39,480
Speaker 1: a report from the city's promotional company, London and Partners.

657
00:36:39,760 --> 00:36:44,000
Speaker 1: London ranked fourth globally for venture capital investments in urban areas,

658
00:36:44,000 --> 00:36:47,400
Speaker 1: behind the San Francisco Bay Area, New York and Boston,

659
00:36:47,719 --> 00:36:50,720
Speaker 1: and as a Bloomberg and j I T Stem report. Nathan,

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00:36:50,880 --> 00:36:53,480
Speaker 1: thanks Karen, We're lying from the Bloomberg Interactive Broker Studios

661
00:36:53,520 --> 00:36:55,680
Speaker 1: were its six fifty two on Wall Street Time Now

662
00:36:55,719 --> 00:36:57,400
Speaker 1: to check what's going on in d C, where some

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00:36:57,440 --> 00:36:59,960
Speaker 1: of the top stories include Leader Schumer mapping away to

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00:37:00,040 --> 00:37:03,240
Speaker 1: get voting rights onto the Senate floor, Senator Mansion offering

665
00:37:03,320 --> 00:37:06,680
Speaker 1: nuclear as a potential path for President Biden's green goals,

666
00:37:07,160 --> 00:37:10,120
Speaker 1: and House Republican Leader Kevin McCarthy refusing to cooperate with

667
00:37:10,160 --> 00:37:14,160
Speaker 1: the January six committee. Also making news, President Biden making

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00:37:14,160 --> 00:37:17,880
Speaker 1: a plan to send military doctors to several states to

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00:37:17,920 --> 00:37:20,280
Speaker 1: battle O Macron. Let's get more now from Bloomberg Government

670
00:37:20,320 --> 00:37:24,080
Speaker 1: reporter Emily Wilkins as we await the president's latest address

671
00:37:24,200 --> 00:37:26,600
Speaker 1: on his plan to deal with the COVID surge. Emily,

672
00:37:26,600 --> 00:37:29,120
Speaker 1: we're already getting some idea of what he plans to

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00:37:29,160 --> 00:37:32,640
Speaker 1: say today. Yes, Biden is going to be announcing that

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00:37:32,760 --> 00:37:37,120
Speaker 1: they's going to deploy military doctors, nurses to how hospitals

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00:37:37,120 --> 00:37:40,000
Speaker 1: in New York, New Jersey, given a huge wave of

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00:37:40,000 --> 00:37:44,839
Speaker 1: hospitalizations are facing di Macron variant uh this whole. Those

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00:37:44,880 --> 00:37:48,360
Speaker 1: are just two of ultimately six states, six hospitals and

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00:37:48,480 --> 00:37:51,120
Speaker 1: six states that are going to wind up getting this

679
00:37:51,280 --> 00:37:55,240
Speaker 1: military assistance as these hospitals stays an increase of numbers

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00:37:55,320 --> 00:37:58,759
Speaker 1: due to COVID UM and this is something that the

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00:37:58,760 --> 00:38:02,440
Speaker 1: Biden administration, to assert extent as has already a continuation

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00:38:02,440 --> 00:38:05,600
Speaker 1: of what they've already done. Since Thanksgiving, more than three

683
00:38:05,800 --> 00:38:09,400
Speaker 1: D fifteen military doctors, nurses, and medics have been deployed

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00:38:09,440 --> 00:38:12,400
Speaker 1: to help hospitals UM and the White House says that

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00:38:12,480 --> 00:38:15,080
Speaker 1: even the six states that are going to be an

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00:38:15,080 --> 00:38:17,839
Speaker 1: additional help, the ones that they announced today, that will

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00:38:17,880 --> 00:38:20,320
Speaker 1: be followed by more announcements of more teams. So this

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00:38:20,440 --> 00:38:23,200
Speaker 1: seems to be an ongoing strategy right now for the

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00:38:23,200 --> 00:38:26,520
Speaker 1: White House to try and get military personnel into these

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00:38:26,560 --> 00:38:29,520
Speaker 1: hospitals and really make sure that these kind of critical

691
00:38:29,600 --> 00:38:33,439
Speaker 1: pressure points are being addressed. Also in President Biden's schedule today,

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00:38:33,480 --> 00:38:36,360
Speaker 1: he's headed the Capitol Hill in the push for voting

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00:38:36,480 --> 00:38:41,319
Speaker 1: rights legislation. What's the plan to advance a bill? So

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00:38:41,600 --> 00:38:44,279
Speaker 1: at this point, lawmakers are looking at a bit of

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00:38:44,320 --> 00:38:48,359
Speaker 1: a wanty legislative maneuver where they're basically going to kind

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00:38:48,360 --> 00:38:50,759
Speaker 1: of trojan horses, are going to put the voting right

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00:38:50,880 --> 00:38:53,960
Speaker 1: still into a completely different bill that's already passed the

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00:38:53,960 --> 00:38:56,520
Speaker 1: Senate once, and that's going to get it over this

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00:38:56,600 --> 00:39:00,719
Speaker 1: procedural hurdle and allow sunders to actually begin debate on

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00:39:00,760 --> 00:39:03,640
Speaker 1: a voting right self. And that really hasn't happened yet

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00:39:03,680 --> 00:39:07,720
Speaker 1: this Congress because everything has been so bogged down in process.

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00:39:07,960 --> 00:39:10,840
Speaker 1: What remains to be seen what exactly happens when the

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00:39:10,880 --> 00:39:15,880
Speaker 1: debate begins in the Senate, because they can't pass a

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00:39:15,960 --> 00:39:20,960
Speaker 1: bill unless ten Republicans join with Democrats in that effort. Uh,

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00:39:21,000 --> 00:39:23,480
Speaker 1: And so there's still no sign that we're actually going

706
00:39:23,520 --> 00:39:26,520
Speaker 1: to see voting rights legislation paths out of the Senate.

707
00:39:27,160 --> 00:39:30,200
Speaker 1: But we'll see what Schumer has planned when lawmakers begin

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00:39:30,320 --> 00:39:33,760
Speaker 1: to debate. Uh. Perhaps he's thinking that this conserved serves

709
00:39:33,880 --> 00:39:38,040
Speaker 1: as a messaging opportunity for Senators UM and actually try

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00:39:38,040 --> 00:39:40,880
Speaker 1: and get Republicans a little more on the record with

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00:39:40,960 --> 00:39:43,960
Speaker 1: their opposition to going rights and in terms of actually

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00:39:44,000 --> 00:39:47,680
Speaker 1: getting a vote on voting rights legislation. If you still

713
00:39:47,680 --> 00:39:51,520
Speaker 1: need ten Senators to join along to pass a bill,

714
00:39:51,560 --> 00:39:54,879
Speaker 1: does that put changes to the Senate rules is still

715
00:39:54,880 --> 00:39:58,120
Speaker 1: in play? It does? And I think that's something we're

716
00:39:58,160 --> 00:40:00,560
Speaker 1: going to be expecting Biden to speak up out today

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00:40:00,880 --> 00:40:03,719
Speaker 1: winning dump the Capitol. Hell, of course, we continue to

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00:40:03,800 --> 00:40:08,160
Speaker 1: see opposition from Senator's Joe Mansion sendor Sendma on the

719
00:40:08,239 --> 00:40:12,000
Speaker 1: idea of making any sort of rules change in the Senate. UM.

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00:40:12,120 --> 00:40:14,239
Speaker 1: The pressure has really been high on them, I think,

721
00:40:14,320 --> 00:40:17,680
Speaker 1: are both inside and outside the Capitol. There's been a

722
00:40:17,680 --> 00:40:19,760
Speaker 1: lot of people who are trying to slay the minds

723
00:40:19,760 --> 00:40:22,080
Speaker 1: of Mansion and cinema right now, this has kind of

724
00:40:22,120 --> 00:40:25,719
Speaker 1: been painted by Chuck Schumer as the do or dime

725
00:40:25,800 --> 00:40:31,719
Speaker 1: moment here. Uh, speaking of Senator Mansion, what's his openness

726
00:40:31,920 --> 00:40:37,960
Speaker 1: to uh potential green path for President Biden, so imagine,

727
00:40:37,960 --> 00:40:40,640
Speaker 1: has rejected a lot of the climate proposals that have

728
00:40:40,680 --> 00:40:43,200
Speaker 1: been put in front of him by his fellow Democrats,

729
00:40:43,239 --> 00:40:45,960
Speaker 1: but he didn't indicate that there might be some pass

730
00:40:46,000 --> 00:40:50,239
Speaker 1: forward to do a provision devolving nucular. This would be

731
00:40:50,400 --> 00:40:53,920
Speaker 1: a tax credit for nuclear plants. It's currently included in

732
00:40:54,120 --> 00:40:58,520
Speaker 1: Biden's social UH sending and tax plan to build back better,

733
00:40:59,040 --> 00:41:02,320
Speaker 1: and currently the credit only goes for six years in

734
00:41:02,400 --> 00:41:04,560
Speaker 1: Manson said he would be open to see that credit

735
00:41:04,600 --> 00:41:08,040
Speaker 1: going for ten years. UH. It's certainly not the biggest

736
00:41:08,080 --> 00:41:11,760
Speaker 1: item on Democrats climate agenda, but it's a pass forward

737
00:41:11,800 --> 00:41:15,080
Speaker 1: for them to get potentially something passed. There are still

738
00:41:15,080 --> 00:41:18,400
Speaker 1: discussions going on in the Capital about what if anything

739
00:41:18,480 --> 00:41:21,719
Speaker 1: from that social spending and tax plan could actually reach

740
00:41:21,760 --> 00:41:24,799
Speaker 1: the finish line and get mansion support. The focus right

741
00:41:24,800 --> 00:41:27,600
Speaker 1: now really has been on voting rights, but in the background,

742
00:41:27,680 --> 00:41:31,480
Speaker 1: conversations are still happening on that social tax and spending

743
00:41:31,520 --> 00:41:34,439
Speaker 1: plan and if any parts of it are salvageable. After

744
00:41:34,480 --> 00:41:37,239
Speaker 1: Manson said last year that he could not support the

745
00:41:37,400 --> 00:41:41,000
Speaker 1: entire package all right, Bloomberg Government reporter Emily Wilkins with

746
00:41:41,120 --> 00:41:44,000
Speaker 1: us from the nation's capital, giving us an update on

747
00:41:44,360 --> 00:41:46,359
Speaker 1: all that's happening there, and you can read more about

748
00:41:46,360 --> 00:41:49,200
Speaker 1: all these stories on Bloomberg dot com or on the

749
00:41:49,239 --> 00:41:53,719
Speaker 1: Bloomberg terminal and listen to Bloomberg Radio in Washington. The

750
00:41:53,880 --> 00:41:58,240
Speaker 1: Bloomberg and one oh five point seven FM HD two

751
00:41:58,360 --> 00:42:00,759
Speaker 1: is where to tune in for Bloomberg Radio in d C.

752
00:42:01,320 --> 00:42:05,560
Speaker 1: Continuing to watch shares of Delta Airlines in the pre market.

753
00:42:05,640 --> 00:42:10,280
Speaker 1: After coming in with earnings that missed the average analyst estimate,

754
00:42:10,840 --> 00:42:14,400
Speaker 1: investors seemed focused on the broader outlook. The shares right

755
00:42:14,400 --> 00:42:17,960
Speaker 1: now are higher by two point four percent in early trading.

756
00:42:18,360 --> 00:42:20,640
Speaker 1: Futures turning a bit mixed right now. S and P

757
00:42:20,840 --> 00:42:23,640
Speaker 1: future is a little change. DAL futures up thirty two points,

758
00:42:23,719 --> 00:42:26,600
Speaker 1: DANSDAK futures have turned to touch flower now they are

759
00:42:26,640 --> 00:42:29,680
Speaker 1: down almost four points. The tenure treasury is down to

760
00:42:29,880 --> 00:42:33,360
Speaker 1: thirty seconds, the yield one point seven five percent, and

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00:42:33,400 --> 00:42:36,000
Speaker 1: the yield on the two year right now is point

762
00:42:36,160 --> 00:42:40,399
Speaker 1: nine one percent. Bloomberg Surveillance up next with Tom Keene,

763
00:42:40,480 --> 00:42:44,120
Speaker 1: Jonathan Farrell, and Lisa A. Brahmoitz for Karen Moscow. I'm

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