1 00:00:02,560 --> 00:00:05,840 Speaker 1: By from the Bloomberg Interactive Burger Studios. This is Bloomberg 2 00:00:05,920 --> 00:00:09,879 Speaker 1: day Break for Friday, January seven. Coming up this hour, 3 00:00:10,119 --> 00:00:13,480 Speaker 1: the Northeast faces its first major winter storm of the year. 4 00:00:13,720 --> 00:00:17,520 Speaker 1: Wall Street awaits the highly anticipated December jogerport. A top 5 00:00:17,600 --> 00:00:19,880 Speaker 1: feede official weighs in on rate hikes as soon as 6 00:00:19,960 --> 00:00:23,000 Speaker 1: March and game stops surges. On News, it's getting into 7 00:00:23,120 --> 00:00:26,599 Speaker 1: non fungible tokens. Road crews are busy treated streets for 8 00:00:26,680 --> 00:00:29,720 Speaker 1: the snowy morning commute. Plus it's sentencing day in Georgi 9 00:00:29,720 --> 00:00:32,200 Speaker 1: Effrey with three white men in the murder of About Aubrey. 10 00:00:32,440 --> 00:00:35,560 Speaker 1: I'm Lacla bar More, I'm Don Stairs, Sharon's boards. A 11 00:00:35,640 --> 00:00:38,040 Speaker 1: big comeback is shot at the Buzzer and the nixt 12 00:00:38,040 --> 00:00:44,360 Speaker 1: beat the Celtics. The Devil's won the Rangers long. That's 13 00:00:44,400 --> 00:00:48,680 Speaker 1: all straight ahead on Bloomberg day Break on Bloomberg eleven, TREEO, 14 00:00:48,800 --> 00:00:54,160 Speaker 1: New York, Bloomberg Washington, d C, Bloomberg one O six one, Boston, 15 00:00:54,320 --> 00:00:58,800 Speaker 1: Bloomberg nine six, San Francisco, Sirius x M one nineteen 16 00:00:59,160 --> 00:01:01,880 Speaker 1: and around the world Old on Bloomberg Radio dot Com 17 00:01:02,000 --> 00:01:09,040 Speaker 1: and via the Bloomberg Business at Good morning. I'm Nathan 18 00:01:09,080 --> 00:01:12,720 Speaker 1: Hagar and I'm Karen Moscow. SMP Future is higher ahead 19 00:01:12,760 --> 00:01:14,880 Speaker 1: of today's jobs report. We're coming up to five oh 20 00:01:14,880 --> 00:01:16,640 Speaker 1: one on Wall Street, and we check the markets every 21 00:01:16,640 --> 00:01:19,920 Speaker 1: fifteen minutes throughout the trading day. On Bloomberg, SMP Future 22 00:01:20,000 --> 00:01:22,920 Speaker 1: is up five points down, Future is up forty NASAC 23 00:01:23,000 --> 00:01:25,640 Speaker 1: Future is little change, and your treasury down one thirty 24 00:01:25,720 --> 00:01:28,640 Speaker 1: second killed one point seven two percent. The yield on 25 00:01:28,720 --> 00:01:31,759 Speaker 1: the two year point eight seven percent, and Bitcoin this 26 00:01:31,800 --> 00:01:35,040 Speaker 1: morning at forty two three hundred dollars. Nathan, all right, Karen, 27 00:01:35,080 --> 00:01:36,880 Speaker 1: we'll have more on the markets in a minute. First, 28 00:01:36,880 --> 00:01:39,959 Speaker 1: a snowstorm is blanketing the northeast this morning. Let's get 29 00:01:40,000 --> 00:01:41,840 Speaker 1: to the details and how it may affect the roads. 30 00:01:41,880 --> 00:01:45,839 Speaker 1: From Bloomberg Meteorologist Rob Carolyn. Good morning, Rob, Good morning, Nathan. 31 00:01:45,840 --> 00:01:47,920 Speaker 1: The storm that's in the process of developing off the 32 00:01:47,960 --> 00:01:50,560 Speaker 1: coast of southern New England. While it's already brought some 33 00:01:50,600 --> 00:01:52,720 Speaker 1: snow to the district in Baltimore. Though the storm is 34 00:01:52,760 --> 00:01:56,080 Speaker 1: about done there, they'll have very little additional accumulations. In fact, 35 00:01:56,160 --> 00:01:58,320 Speaker 1: the sun will be coming out quickly this morning. New 36 00:01:58,400 --> 00:02:01,040 Speaker 1: York City, hendy additional accumulation is this morning or under 37 00:02:01,080 --> 00:02:03,040 Speaker 1: two inches. The snow should be done in the Tri 38 00:02:03,160 --> 00:02:05,640 Speaker 1: State area by about midday, and as we head up 39 00:02:05,640 --> 00:02:08,360 Speaker 1: into Boston there, the storm is only getting going now. 40 00:02:08,760 --> 00:02:10,919 Speaker 1: We'll be dealing with snow heavy times through the morning 41 00:02:10,919 --> 00:02:14,040 Speaker 1: commute and into the midday hours. It looks like Boston's 42 00:02:14,040 --> 00:02:17,240 Speaker 1: probably gonna receive the highest totals from this storm. Okay, Rob, 43 00:02:17,320 --> 00:02:19,800 Speaker 1: So what kind of accumulations are we thinking we're gonna 44 00:02:19,800 --> 00:02:22,760 Speaker 1: get from this storm? Nathan, No additional accumulations in the 45 00:02:22,800 --> 00:02:25,360 Speaker 1: district of Baltimore and New York City. Anything that falls 46 00:02:25,440 --> 00:02:27,840 Speaker 1: is under two inches this morning, and in the Boston 47 00:02:27,919 --> 00:02:30,919 Speaker 1: area four to seven inches is likely. I'm Rob, Caroline 48 00:02:30,960 --> 00:02:33,440 Speaker 1: Bloomberg daybreak. All right, Rob, thank you, and of course 49 00:02:33,440 --> 00:02:35,600 Speaker 1: we'll be checking in with you throughout the morning. But 50 00:02:35,680 --> 00:02:37,760 Speaker 1: first let's turn to the market. So we're camping off 51 00:02:37,760 --> 00:02:41,600 Speaker 1: a volatile week with a highly anticipated jobs report for December. 52 00:02:41,919 --> 00:02:45,440 Speaker 1: Estimates call for payroll gains of four hundred forty seven thousand. 53 00:02:45,680 --> 00:02:49,880 Speaker 1: Hereth Moras, Bloomberg Economics corresponded Michael McKee. Two questions hang 54 00:02:49,960 --> 00:02:53,400 Speaker 1: over the December payrolls report. Will there be an omicron effect? 55 00:02:53,639 --> 00:02:55,520 Speaker 1: And how will the FEDS see the report in the 56 00:02:55,560 --> 00:02:58,320 Speaker 1: context of policy moves. The survey week was in the 57 00:02:58,320 --> 00:03:01,520 Speaker 1: first half of December, before the COVID variant dominated the 58 00:03:01,560 --> 00:03:05,440 Speaker 1: news or infections. ADP says it didn't affect hiring all 59 00:03:05,480 --> 00:03:08,920 Speaker 1: that much, reporting a big gain in leisure and hospitality jobs, 60 00:03:09,120 --> 00:03:12,360 Speaker 1: but the I s M Services Index suggests services hiring 61 00:03:12,480 --> 00:03:16,080 Speaker 1: slowed during the month. The December fifteen FED minutes released 62 00:03:16,080 --> 00:03:19,480 Speaker 1: this week show policymakers felt then the US was close 63 00:03:19,520 --> 00:03:22,639 Speaker 1: to full employment. If that's ratified by the monthly jobs report, 64 00:03:22,840 --> 00:03:25,840 Speaker 1: it may mean the Fed is ready to start raising rates. 65 00:03:26,080 --> 00:03:28,640 Speaker 1: Michael mckeed Bloomberg Daybreak. All right, Mike, thanks, So when 66 00:03:28,639 --> 00:03:31,520 Speaker 1: it comes to FED policy, St. Louis President Jim Bullard's 67 00:03:31,520 --> 00:03:34,200 Speaker 1: weighing in enforcing the view the rate hikes could start 68 00:03:34,240 --> 00:03:38,360 Speaker 1: this spring. The FENC could also begin raising the policy 69 00:03:38,440 --> 00:03:41,760 Speaker 1: rate as early as the March meeting in order to 70 00:03:41,840 --> 00:03:46,560 Speaker 1: be in a better position to control inflation. Jim Bullard 71 00:03:46,600 --> 00:03:49,040 Speaker 1: made the comments to the c f A Society in St. Louis. 72 00:03:49,040 --> 00:03:52,480 Speaker 1: He's traditionally one of the most hawkish members of the FED. Well, Nathan, 73 00:03:52,560 --> 00:03:55,200 Speaker 1: jobs matter to the FED, but so does the pandemic 74 00:03:55,240 --> 00:03:58,360 Speaker 1: coronavirus cases continue to come in near record highs, and 75 00:03:58,400 --> 00:04:02,360 Speaker 1: testing remains a challenge. Abbit Laboratory CEO Robert Ford tells 76 00:04:02,440 --> 00:04:05,800 Speaker 1: US he's ramping up production of COVID tests. We've seen 77 00:04:05,920 --> 00:04:10,720 Speaker 1: obviously a new variant, pretty highly transmissible variant, in combination 78 00:04:10,920 --> 00:04:12,440 Speaker 1: with a period of the year where there's a lot 79 00:04:12,520 --> 00:04:16,880 Speaker 1: of travel, Thanksgiving and Christmas people wanted to get together. Uh, 80 00:04:17,040 --> 00:04:19,880 Speaker 1: the combination of those two factors really had a pretty 81 00:04:19,960 --> 00:04:24,360 Speaker 1: unprecedented demand here. Abbot CEO Robert Ford says the company 82 00:04:24,400 --> 00:04:27,640 Speaker 1: expects to produce seventy million tests this month. The White 83 00:04:27,640 --> 00:04:29,679 Speaker 1: House in the U. S. Postal Service are making final 84 00:04:29,720 --> 00:04:33,040 Speaker 1: plans to deliver a half billion test hits to household skaren. 85 00:04:33,040 --> 00:04:35,480 Speaker 1: That's according to The Washington Post, which says they want 86 00:04:35,480 --> 00:04:37,600 Speaker 1: to begin shipping tests by the middle of this month. 87 00:04:37,640 --> 00:04:40,760 Speaker 1: An official announcement could come next week. From New York 88 00:04:40,800 --> 00:04:44,080 Speaker 1: to l A. Nathan, major metro areas across the country 89 00:04:44,080 --> 00:04:46,520 Speaker 1: are getting hit hard by COVID. Some of the details 90 00:04:46,560 --> 00:04:50,880 Speaker 1: now from Bloomberg's at Baxter Beginning in Chicago. Almost of 91 00:04:50,920 --> 00:04:53,520 Speaker 1: the city's I you beds are occupied at his canceled 92 00:04:53,520 --> 00:04:57,120 Speaker 1: classes for a third day because of cases and disagreement 93 00:04:57,160 --> 00:05:00,760 Speaker 1: with teachers over COVID tests. Meanwhile, New York City expects 94 00:05:00,800 --> 00:05:03,680 Speaker 1: to have two and a half million more at home 95 00:05:03,720 --> 00:05:06,560 Speaker 1: tests in hand today, but they are going for the 96 00:05:06,640 --> 00:05:10,360 Speaker 1: reopening of schools. In Los Angeles cases of Sideline more 97 00:05:10,360 --> 00:05:14,000 Speaker 1: than eight hundred police and firefighters, and Alaska Airlines cut 98 00:05:14,040 --> 00:05:17,960 Speaker 1: one twenty flights yesterday and according to flight Aware and 99 00:05:18,160 --> 00:05:22,760 Speaker 1: industry wide, almost two thousand flights because of employee illness 100 00:05:22,800 --> 00:05:26,560 Speaker 1: combined with weather in San Francisco. I'm at Baxter Bloomberg 101 00:05:26,600 --> 00:05:29,240 Speaker 1: daybreak all right, and thanks with flights canceled, the travel 102 00:05:29,279 --> 00:05:33,720 Speaker 1: industries under pressure again. Marriott president Stephanie Leonard says, these 103 00:05:33,720 --> 00:05:36,800 Speaker 1: are real challenges, but they won't derail the recovery. And 104 00:05:36,839 --> 00:05:39,920 Speaker 1: while there was bumps from Delta, the business came back 105 00:05:40,000 --> 00:05:42,760 Speaker 1: very clear, very quickly when we got past that variant. 106 00:05:42,920 --> 00:05:46,400 Speaker 1: We're anticipating the same thing with with O Macron that 107 00:05:46,480 --> 00:05:48,640 Speaker 1: we will see some bumps in the recovery, and it depends. 108 00:05:48,760 --> 00:05:50,839 Speaker 1: We have dirty brands in a hundred and forty countries, 109 00:05:50,880 --> 00:05:52,960 Speaker 1: so we'll see some bumps, but we don't think it's 110 00:05:52,960 --> 00:05:56,320 Speaker 1: going to stop the recovery. Marriott president Stephanie Leonards made 111 00:05:56,320 --> 00:05:59,159 Speaker 1: the comments in an interview on Bloomberg Television. Shares of 112 00:05:59,240 --> 00:06:01,559 Speaker 1: Marriott Or trade near an all time high to start 113 00:06:01,600 --> 00:06:05,039 Speaker 1: the year. Kron continues to impact the workplace, Nathan. Bank 114 00:06:05,040 --> 00:06:07,800 Speaker 1: of America is the latest company pushing back return to 115 00:06:07,800 --> 00:06:10,920 Speaker 1: office plans, and we get the story from Bloomberg's Charlie Pillett. 116 00:06:11,440 --> 00:06:15,080 Speaker 1: The company encouraged its US employees to work remotely through 117 00:06:15,160 --> 00:06:18,960 Speaker 1: the week starting January tenth. Does the bank evaluates its 118 00:06:19,000 --> 00:06:22,200 Speaker 1: next move this according to an internal memo the firmhood 119 00:06:22,240 --> 00:06:25,520 Speaker 1: earlier advised workers to stay home through at least this week. 120 00:06:25,880 --> 00:06:28,960 Speaker 1: In the memo, the bank also continued to encourage staff 121 00:06:29,000 --> 00:06:33,360 Speaker 1: to get fully vaccinated and receive booster shots, stopping short 122 00:06:33,600 --> 00:06:37,680 Speaker 1: of implementing a full mandate in New York. Charlie Pellett 123 00:06:37,680 --> 00:06:41,040 Speaker 1: Bloomberg daybreak, All right, Charlie, thank you. In the markets today, 124 00:06:41,080 --> 00:06:44,919 Speaker 1: the turbo charged worlds of cryptocurrencies and memestocks have collided. 125 00:06:44,960 --> 00:06:48,120 Speaker 1: Shares of game Stopper up more than eighteen percent in 126 00:06:48,160 --> 00:06:51,040 Speaker 1: early trading. That's after the company announced plans to launch 127 00:06:51,040 --> 00:06:53,640 Speaker 1: a market place for non fungible tokens by the end 128 00:06:53,680 --> 00:06:55,839 Speaker 1: of the year. The company is also in talks with 129 00:06:55,880 --> 00:06:59,240 Speaker 1: crypto and blockchain companies about which tokens could be used 130 00:06:59,480 --> 00:07:02,839 Speaker 1: on the form. SMP futures are up five points. Staff 131 00:07:02,880 --> 00:07:06,479 Speaker 1: futures of forty NASTACK futures higher by four points. The 132 00:07:06,520 --> 00:07:10,640 Speaker 1: tenure treasuries little change, the yield one point seven. Looking 133 00:07:10,640 --> 00:07:14,240 Speaker 1: at bitcoin right now trading at forty two four hundred dollars. 134 00:07:14,240 --> 00:07:17,480 Speaker 1: Straight ahead, your latest local headlines and a check of sports. 135 00:07:17,520 --> 00:07:24,960 Speaker 1: This is Bloomberg five oh seven on Wall Street. It 136 00:07:25,040 --> 00:07:28,080 Speaker 1: is snowing degrees in Central Park. We've got a lot 137 00:07:28,080 --> 00:07:31,160 Speaker 1: of jack knife tractor trailers already with this storm coming down. 138 00:07:31,200 --> 00:07:33,920 Speaker 1: Peter Van is at a crucial traffic report coming up 139 00:07:33,920 --> 00:07:36,080 Speaker 1: for you in just a few minutes. First Michael Barr 140 00:07:36,080 --> 00:07:38,280 Speaker 1: with what else is going on in New York and 141 00:07:38,440 --> 00:07:41,200 Speaker 1: around the world. Good morning, Michael, Good morning, Nathan. Bards 142 00:07:41,200 --> 00:07:44,360 Speaker 1: of the Tri State area are under a winter storm morning. 143 00:07:44,440 --> 00:07:47,120 Speaker 1: The fast moving system is expected to dump three to 144 00:07:47,160 --> 00:07:49,640 Speaker 1: six inches of snow by the end of the morning, 145 00:07:49,640 --> 00:07:52,240 Speaker 1: but it will make the commute a mess. As you've 146 00:07:52,280 --> 00:07:56,480 Speaker 1: already heard, emergency preparations are underway, but with record COVID 147 00:07:56,520 --> 00:08:00,040 Speaker 1: cases and isolation rates, some departments are working at a 148 00:08:00,080 --> 00:08:04,640 Speaker 1: disadvantage against the incoming weather. Edward Grayson, the commissioner of 149 00:08:04,680 --> 00:08:08,120 Speaker 1: New York's Department of Sanitation, says he believes they'll have 150 00:08:08,240 --> 00:08:11,160 Speaker 1: enough staff to prepare for the storm, but they'll have 151 00:08:11,240 --> 00:08:15,240 Speaker 1: to extend shifts and work around current shortages, just like 152 00:08:15,280 --> 00:08:17,440 Speaker 1: all the every other city. And see, we've been definitely 153 00:08:17,520 --> 00:08:20,200 Speaker 1: hit hard in this recent wave and up taking COVID cases. 154 00:08:20,640 --> 00:08:24,360 Speaker 1: Right now, we're about staffing outage sanitation to mission of 155 00:08:24,440 --> 00:08:27,200 Speaker 1: Grayson says, for now they will be operating in twelve 156 00:08:27,200 --> 00:08:30,360 Speaker 1: hours shifts. It is sentencing day for three white men 157 00:08:30,400 --> 00:08:34,240 Speaker 1: convicted of murder in the deadly Chasen shooting of Ahmad Aubrey. 158 00:08:34,280 --> 00:08:38,040 Speaker 1: In November. A Georgia jury found father and son greg 159 00:08:38,080 --> 00:08:41,800 Speaker 1: and Travis McMichael and their neighbor William Bryan, guilty of 160 00:08:41,880 --> 00:08:45,200 Speaker 1: murder and other crimes in the February killing of the 161 00:08:45,200 --> 00:08:48,880 Speaker 1: twenty five year old black man. University of Georgia law 162 00:08:48,960 --> 00:08:53,760 Speaker 1: chair Emeritus Ron Carlson says Superior Court Judge Timothy Walmsley 163 00:08:53,800 --> 00:08:57,760 Speaker 1: has limited options because murder carries a mandatory life sentence 164 00:08:57,760 --> 00:09:01,240 Speaker 1: in Georgia. The judges options are very narrow, but these 165 00:09:01,240 --> 00:09:04,720 Speaker 1: are very important distinctions. Does he levy a sentence of 166 00:09:04,840 --> 00:09:08,560 Speaker 1: life without parole or life with parole? Carlson with the 167 00:09:08,640 --> 00:09:11,800 Speaker 1: University of Georgia says the jury's verdict sent a message 168 00:09:11,840 --> 00:09:15,600 Speaker 1: that vigilante justice will not be tolerated. Former New York 169 00:09:15,600 --> 00:09:18,160 Speaker 1: Governor Andrew Cuomo is set to make a virtual appearance 170 00:09:18,200 --> 00:09:21,880 Speaker 1: today before an Albany judge. Prosecutors are moving to dismiss 171 00:09:21,960 --> 00:09:25,000 Speaker 1: the only criminal charge filed against the Democrat in connection 172 00:09:25,280 --> 00:09:28,439 Speaker 1: with the sexual harassment allegations that drove him from office. 173 00:09:29,160 --> 00:09:32,400 Speaker 1: Accused Cuomo of groping an aid in the executive mansion 174 00:09:32,440 --> 00:09:36,720 Speaker 1: in December of eight months before he resigned. Online sports 175 00:09:36,760 --> 00:09:39,520 Speaker 1: betting in New York is a day away from reality. 176 00:09:40,080 --> 00:09:43,080 Speaker 1: The New York Gaming Commission says that it has approved 177 00:09:43,080 --> 00:09:46,880 Speaker 1: mobile operator licenses for Caesar's Draft Kings, Fan Duel and 178 00:09:46,960 --> 00:09:50,800 Speaker 1: bet Rivers Rushed Streets Interactive. They can begin taking wagers 179 00:09:50,840 --> 00:09:54,160 Speaker 1: as of nine am local time Saturday. Global News twenty 180 00:09:54,160 --> 00:09:56,560 Speaker 1: four hours a day on a r and on Bloomberg Quicktake, 181 00:09:56,600 --> 00:09:59,719 Speaker 1: powered by more than seven journalists analysts more than a 182 00:09:59,800 --> 00:10:02,320 Speaker 1: hund twenty countries. I'm Michael Barr, this is Bloomberg. Nathan 183 00:10:02,440 --> 00:10:09,040 Speaker 1: Thank you Michael. Almost five ten on Wall Street, time 184 00:10:09,080 --> 00:10:11,280 Speaker 1: for the Bloomberg Sports up take, good morning John's Statshop, 185 00:10:11,440 --> 00:10:14,720 Speaker 1: Good morning Nathan, and absolutely epic game at the Garden. 186 00:10:14,760 --> 00:10:17,680 Speaker 1: This game had everything. A big comeback Knicks trail the 187 00:10:17,679 --> 00:10:20,120 Speaker 1: Celtics by twenty five, and the first half they were 188 00:10:20,160 --> 00:10:22,520 Speaker 1: still down by eight team in the third quarter. A 189 00:10:22,679 --> 00:10:26,320 Speaker 1: tremendous individual performance the ex Celtic Kevin Fournier, who had 190 00:10:26,360 --> 00:10:29,920 Speaker 1: already had two thirty two point games roses Boston, went 191 00:10:29,960 --> 00:10:32,559 Speaker 1: for a career I forty one. He tied a Knicks 192 00:10:32,600 --> 00:10:34,800 Speaker 1: record with ten three pointers. And this game had an 193 00:10:34,800 --> 00:10:38,439 Speaker 1: amazing finished fourth half. Court left one point five ago 194 00:10:38,480 --> 00:10:40,360 Speaker 1: a tie game and one of five to Barrett one 195 00:10:40,400 --> 00:10:42,719 Speaker 1: triple right away, freak for the win, Bank for is 196 00:10:42,840 --> 00:10:46,560 Speaker 1: good one. He backed in Barrett backed in in, had 197 00:10:46,600 --> 00:10:50,199 Speaker 1: the Nicks trip one football game at the Buzzer and 198 00:10:50,240 --> 00:10:52,959 Speaker 1: called it on w EPN. Barrett, who had scored thirty 199 00:10:53,040 --> 00:10:54,760 Speaker 1: two the other night, was having a bad game. He 200 00:10:54,800 --> 00:10:57,600 Speaker 1: had shot three or fourteen before hitting that game winner. 201 00:10:57,679 --> 00:11:00,559 Speaker 1: These two teams play again tomorrow night in Boston, and 202 00:11:00,640 --> 00:11:03,920 Speaker 1: let's play Milwaukee tonight in Brooklyn, which means Kyrie Irving 203 00:11:04,000 --> 00:11:07,160 Speaker 1: cannot play due the vaccine mandate. You gotta wait until 204 00:11:07,160 --> 00:11:09,520 Speaker 1: the next road game, which is Monday in Portland. The 205 00:11:09,640 --> 00:11:12,439 Speaker 1: Rangers on the road for five straight games. Not a 206 00:11:12,520 --> 00:11:15,160 Speaker 1: good start for the trip. Five one loss in Vegas. 207 00:11:15,240 --> 00:11:18,559 Speaker 1: Rangers only had nineteen shots on goal. Devil's beat Columbus 208 00:11:18,600 --> 00:11:20,400 Speaker 1: three to one. Jack news In on all three a 209 00:11:20,480 --> 00:11:23,640 Speaker 1: goal plus two assists. Eric Schabez, just hired to be 210 00:11:23,720 --> 00:11:27,400 Speaker 1: the Yankees assistant hitting coach, has already resigned. He got 211 00:11:27,480 --> 00:11:31,160 Speaker 1: a better job as the Mets hitting coach. Season finales 212 00:11:31,160 --> 00:11:33,439 Speaker 1: with the Giants and Jets Sunday, the Giants limped to 213 00:11:33,480 --> 00:11:36,520 Speaker 1: the finished host in Washington. Patriots fans will root for 214 00:11:36,600 --> 00:11:39,360 Speaker 1: the Jets to upset the Bills in Buffalo. New England 215 00:11:39,400 --> 00:11:41,559 Speaker 1: needs a win in Miami and a Buffalo loss to 216 00:11:41,679 --> 00:11:44,720 Speaker 1: win the a f c NS. John stash Award, Bloomberg Sports, 217 00:11:44,800 --> 00:11:48,360 Speaker 1: Nathan thank you, John SMP futures up eight points, Stown 218 00:11:48,400 --> 00:11:51,840 Speaker 1: futures up forty eight NASTAC futures up twenty five points. 219 00:11:51,920 --> 00:11:54,600 Speaker 1: The tenure Treasury little change, the yield one point seven 220 00:11:54,720 --> 00:11:58,000 Speaker 1: two percent ahead of the December payrolls report. Will look 221 00:11:58,040 --> 00:12:01,280 Speaker 1: ahead to it with bems in your economist Jennifer Lee 222 00:12:01,840 --> 00:12:08,520 Speaker 1: just to have this is Bloomberg Bloomberg eleven three oh 223 00:12:08,559 --> 00:12:10,960 Speaker 1: whether it's snowing, went to weather Advisory till noon today 224 00:12:11,000 --> 00:12:13,840 Speaker 1: with behind your thirty five mostly sunny, low thirties. Tomorrow 225 00:12:13,920 --> 00:12:17,960 Speaker 1: will be near forty on Sunday with rain twenty nine 226 00:12:18,000 --> 00:12:25,280 Speaker 1: degrees in Central Park markets. Headlines and breaking news twenty 227 00:12:25,320 --> 00:12:28,160 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 228 00:12:28,200 --> 00:12:31,760 Speaker 1: Business Out and at Bloomberg Quick Take. He's a Bloomberg 229 00:12:31,840 --> 00:12:41,480 Speaker 1: Business Flash and I'm Karen Moscow Futures hire ahead of 230 00:12:41,520 --> 00:12:44,600 Speaker 1: today's jobs report, and we check the markets every fifteen 231 00:12:44,600 --> 00:12:47,040 Speaker 1: minutes throughout the trading day on Bloomberg Guess and p 232 00:12:47,240 --> 00:12:50,559 Speaker 1: futures up eight points down, futures of forty six and 233 00:12:50,679 --> 00:12:53,760 Speaker 1: Nasdaq Future is now higher, up twenty one The decks 234 00:12:53,800 --> 00:12:56,200 Speaker 1: in Germany's down at third of upper sent the tenure 235 00:12:56,240 --> 00:12:58,800 Speaker 1: Treasury that'll change yield one point seven two per cent 236 00:12:59,200 --> 00:13:02,280 Speaker 1: yield on the two year point eight seven percent NIMEX 237 00:13:02,280 --> 00:13:05,000 Speaker 1: Scrude oil is of one percent of eighty four cents 238 00:13:05,040 --> 00:13:07,840 Speaker 1: at eighty dollars thirty cents of barrel comes Gold up 239 00:13:07,880 --> 00:13:10,080 Speaker 1: two tens per cent or three dollars seventy cents at 240 00:13:10,120 --> 00:13:13,800 Speaker 1: seventeen ninety announced the euro one point one three one 241 00:13:13,880 --> 00:13:16,280 Speaker 1: six against the dollar, British pound one point three five 242 00:13:16,400 --> 00:13:19,559 Speaker 1: five three begins at one fifteen point eight to and 243 00:13:19,679 --> 00:13:22,720 Speaker 1: checking Bitcoin this morning moving lower at forty two thou 244 00:13:22,960 --> 00:13:26,000 Speaker 1: three hundred dollars and as a Bloomberg business flash. Now 245 00:13:26,080 --> 00:13:28,640 Speaker 1: Here's Michael Barr with more on what's going on around 246 00:13:28,679 --> 00:13:31,480 Speaker 1: the world. Muchel, Good morning, Good morning, Karen. The Supreme 247 00:13:31,559 --> 00:13:34,439 Speaker 1: Court is taking up two major Biden administration efforts to 248 00:13:34,480 --> 00:13:38,160 Speaker 1: bump up the nation's vaccination rate against COVID nineteen. The 249 00:13:38,320 --> 00:13:41,280 Speaker 1: Justices are hearing arguments today about whether to allow the 250 00:13:41,320 --> 00:13:46,120 Speaker 1: administration to enforce a vaccine or testing requirement that applies 251 00:13:46,160 --> 00:13:49,760 Speaker 1: to large employers and a separate vaccine mandate for most 252 00:13:49,800 --> 00:13:53,240 Speaker 1: healthcare workers. The White House and US Postal Service are 253 00:13:53,280 --> 00:13:57,040 Speaker 1: making final plans to deliver five hundred million coronavirus test 254 00:13:57,160 --> 00:14:00,640 Speaker 1: kits to households. The Washington Post reports of officials seek 255 00:14:00,720 --> 00:14:04,280 Speaker 1: to begin shipments by the middle of January. In the NBA, 256 00:14:04,400 --> 00:14:06,640 Speaker 1: the Next beat the Celtics one oh eight, one oh five, 257 00:14:06,760 --> 00:14:10,559 Speaker 1: The Warriors lost, The Devil's won, The Rangers and Bruins 258 00:14:10,640 --> 00:14:13,480 Speaker 1: lost Global news twenty four hours a day on air 259 00:14:13,600 --> 00:14:16,560 Speaker 1: and on Bloomberg Quick Take, powered by more than twenty 260 00:14:16,600 --> 00:14:19,640 Speaker 1: seven hundred journalist and analysts more than a hundred twenty countries. 261 00:14:19,840 --> 00:14:23,040 Speaker 1: I'm Michael Barr, and this is Bloomberg NACOLN. Thanks Michael. 262 00:14:23,080 --> 00:14:25,600 Speaker 1: It's five nineteen on Wall Street Live from the Bloomberg 263 00:14:25,640 --> 00:14:29,080 Speaker 1: Interactive Broker Studios. This is Bloomberg Daybreak and it is 264 00:14:29,320 --> 00:14:32,400 Speaker 1: Jobs Friday. Here to look ahead to the final payrolls 265 00:14:32,440 --> 00:14:36,560 Speaker 1: report of one with us is Jennifer Lee, senior economist 266 00:14:36,680 --> 00:14:39,640 Speaker 1: at BEMO Capital Markets. Jennifer, good to have you back 267 00:14:39,720 --> 00:14:43,080 Speaker 1: with us this morning. The survey number is forty seven 268 00:14:43,160 --> 00:14:46,360 Speaker 1: thousand new jobs added in December. The whisper number on 269 00:14:46,360 --> 00:14:49,240 Speaker 1: the Bloomberg terminals a half million. Are you looking for 270 00:14:49,240 --> 00:14:53,480 Speaker 1: an upside surprise? Good morning? You know what we are. 271 00:14:53,560 --> 00:14:56,480 Speaker 1: Our fishal call is actually just about three hundred thousand 272 00:14:56,640 --> 00:14:59,840 Speaker 1: and uh. I think the ADP report that I was 273 00:15:00,000 --> 00:15:03,360 Speaker 1: out on Wednesday may have um push expectations up with 274 00:15:03,440 --> 00:15:06,360 Speaker 1: its sizeable eight hundred seven thousand increase, but you know 275 00:15:06,480 --> 00:15:09,480 Speaker 1: that sometimes throws everyone for a loop. UM. I think 276 00:15:09,560 --> 00:15:12,280 Speaker 1: anything over three hundred thousand would be considered a decent 277 00:15:12,440 --> 00:15:15,560 Speaker 1: enough number to keep the FED UM on its current 278 00:15:15,640 --> 00:15:17,720 Speaker 1: path right now. But you know, I kind of feel 279 00:15:17,720 --> 00:15:19,840 Speaker 1: like it's almost like roundhog Day, you know, and in 280 00:15:19,920 --> 00:15:22,320 Speaker 1: many respects, you know, because month after month we're always 281 00:15:22,360 --> 00:15:24,880 Speaker 1: looking for some sort of a gain in jobs to 282 00:15:24,920 --> 00:15:26,960 Speaker 1: help us determine which way the FED is gonna what 283 00:15:27,080 --> 00:15:28,880 Speaker 1: the Fen's gonna do, we're not gonna do. And I 284 00:15:28,920 --> 00:15:31,240 Speaker 1: feel like things are a little bit different now with UM, 285 00:15:31,520 --> 00:15:33,880 Speaker 1: with with the Central Bank being more aggressive, and with 286 00:15:34,000 --> 00:15:35,760 Speaker 1: que ready to be put to bed in March, and 287 00:15:35,960 --> 00:15:39,760 Speaker 1: I think this will all make the March meeting live. Well, 288 00:15:39,800 --> 00:15:42,640 Speaker 1: what makes you lower than consensus? What are you looking at? 289 00:15:43,640 --> 00:15:45,360 Speaker 1: I think that's just the fact that you know, there 290 00:15:45,480 --> 00:15:48,600 Speaker 1: is still a lot of hesitation on on on returning 291 00:15:48,680 --> 00:15:52,040 Speaker 1: to the workforce UM. But of course, at the same time, 292 00:15:52,240 --> 00:15:55,160 Speaker 1: you know you've got you're being entice, but you know 293 00:15:55,240 --> 00:15:56,680 Speaker 1: the fact that you know you need a job, and 294 00:15:57,040 --> 00:15:59,800 Speaker 1: and there's all these different options out right now, for 295 00:16:00,120 --> 00:16:03,800 Speaker 1: with many employers offering a lot more incentives, a lot 296 00:16:03,880 --> 00:16:07,440 Speaker 1: more you know, higher salaries, more vacations, more benefits, and 297 00:16:07,480 --> 00:16:09,760 Speaker 1: all that jets entice you over because there is such 298 00:16:09,840 --> 00:16:12,480 Speaker 1: a shortage right now. But I think, you know, and 299 00:16:12,760 --> 00:16:15,440 Speaker 1: if if we again, I think threehund thousand is nothing 300 00:16:15,640 --> 00:16:18,400 Speaker 1: is maybe below consensus, but I think it's still considered 301 00:16:18,400 --> 00:16:20,960 Speaker 1: a pretty sizeable game. So then, are you looking for 302 00:16:21,200 --> 00:16:25,600 Speaker 1: evidence of wage inflation in this report? We are, I mean, 303 00:16:25,680 --> 00:16:28,480 Speaker 1: we're that's uh definitely one of one of the factors. 304 00:16:28,520 --> 00:16:30,760 Speaker 1: And again that's the probably gonna be the biggest thing, 305 00:16:31,000 --> 00:16:34,480 Speaker 1: uh that will again bring UM workers back into into 306 00:16:34,520 --> 00:16:36,520 Speaker 1: the labor force. And we are starting we have been 307 00:16:36,520 --> 00:16:39,680 Speaker 1: seeing that months after months. Um, we're seeing that in 308 00:16:39,760 --> 00:16:42,560 Speaker 1: other indicators as well, just you know, just the broader 309 00:16:42,600 --> 00:16:45,280 Speaker 1: Personal Income survey with wages and salaries and of course 310 00:16:45,320 --> 00:16:47,600 Speaker 1: the e c I as well. And you know, when 311 00:16:47,640 --> 00:16:49,479 Speaker 1: you see all that we read about, all the anecdotes 312 00:16:49,520 --> 00:16:51,480 Speaker 1: that we see from the I s M surveys that 313 00:16:51,560 --> 00:16:54,800 Speaker 1: we saw this week, you know, um, again the biggest 314 00:16:54,840 --> 00:16:58,640 Speaker 1: complaint is still tons of shortages of not just materials 315 00:16:58,720 --> 00:17:00,800 Speaker 1: and widgets, but there's just you know, no let up 316 00:17:00,880 --> 00:17:03,720 Speaker 1: in and in shortages of people or human beings and uh, 317 00:17:04,080 --> 00:17:05,639 Speaker 1: you know, to quota a famous singer, you know there 318 00:17:05,680 --> 00:17:08,960 Speaker 1: are people who need people. Yeah, where are you seeing 319 00:17:09,119 --> 00:17:13,920 Speaker 1: some of the biggest sectors that are showing evidence of 320 00:17:14,400 --> 00:17:17,800 Speaker 1: slack in the market. I think, you know, especially King 321 00:17:18,040 --> 00:17:21,040 Speaker 1: looking at the the labor of the you know, like 322 00:17:21,160 --> 00:17:24,960 Speaker 1: the leisure at hospitality for example, that's still an area 323 00:17:25,119 --> 00:17:27,280 Speaker 1: that you know that is still seeing a lot of 324 00:17:28,280 --> 00:17:32,000 Speaker 1: um um shortages of workers. And that's where you know 325 00:17:32,280 --> 00:17:34,240 Speaker 1: what you're getting me themum wage and you know, helping 326 00:17:35,359 --> 00:17:37,920 Speaker 1: like lifting wag the minimum wage would help obviously, but 327 00:17:38,320 --> 00:17:40,280 Speaker 1: you know, it's just it's not it's not an easy job, 328 00:17:40,400 --> 00:17:44,520 Speaker 1: especially now with COVID and being um enforcing, masks wearing 329 00:17:44,520 --> 00:17:46,439 Speaker 1: and that sort of thing. So that's where you're going 330 00:17:46,520 --> 00:17:50,439 Speaker 1: to see a lot more employers trying to lift wages 331 00:17:50,480 --> 00:17:53,240 Speaker 1: even further just to bring workers back. So are you 332 00:17:53,320 --> 00:17:55,399 Speaker 1: looking for real evidence that there may be an O 333 00:17:55,560 --> 00:17:59,879 Speaker 1: Macron effect on the labor market given how many people 334 00:18:00,080 --> 00:18:02,800 Speaker 1: might still be on the sidelines. I think we're going 335 00:18:02,920 --> 00:18:06,280 Speaker 1: to see at least the first emergence of the strain 336 00:18:06,440 --> 00:18:10,479 Speaker 1: during this reporting period, right. Um. I don't know how 337 00:18:10,880 --> 00:18:13,200 Speaker 1: it might be a bit early for for this reporting period, 338 00:18:13,240 --> 00:18:14,879 Speaker 1: but I think for sure it's definitely going to be 339 00:18:15,000 --> 00:18:17,520 Speaker 1: showing up. I think you'll probably show up more in 340 00:18:17,600 --> 00:18:20,440 Speaker 1: the January reports. You know, so we'll get the numbers 341 00:18:20,600 --> 00:18:23,440 Speaker 1: and of course in early February, but for sure, you know, 342 00:18:24,000 --> 00:18:27,359 Speaker 1: the COVID in general, if he has his fingerprints all 343 00:18:27,400 --> 00:18:30,040 Speaker 1: over this, all over all the economic reports, and I 344 00:18:30,080 --> 00:18:33,280 Speaker 1: don't think that's going to be going away anytime soon unfortunately. 345 00:18:33,720 --> 00:18:35,879 Speaker 1: So in our last minute here, if we get a 346 00:18:36,000 --> 00:18:38,960 Speaker 1: lower than expected number, what could that mean for the 347 00:18:39,040 --> 00:18:42,840 Speaker 1: FEDS policy path? Well, I will always be looking of 348 00:18:42,960 --> 00:18:45,280 Speaker 1: me Obviously the headline is always very important, but I 349 00:18:45,320 --> 00:18:47,800 Speaker 1: always like to look at the revisions and that sort 350 00:18:47,800 --> 00:18:50,200 Speaker 1: of gives you, like the broader look on on the 351 00:18:50,320 --> 00:18:53,080 Speaker 1: overall labor market, and you know so far, you know, 352 00:18:53,160 --> 00:18:56,199 Speaker 1: if you've got you he has upward revisions. Um, if 353 00:18:56,240 --> 00:18:59,120 Speaker 1: you've got you know, decent gains and across all sectors, 354 00:18:59,520 --> 00:19:01,560 Speaker 1: you know, I think that would still reflect overall a 355 00:19:01,680 --> 00:19:04,080 Speaker 1: strong labor market. And right now I think for the 356 00:19:04,160 --> 00:19:07,480 Speaker 1: Federal Reserve it's almost looking for a reason not to 357 00:19:07,760 --> 00:19:11,000 Speaker 1: raise rates earlier than expected. But again, if it's strong, 358 00:19:11,040 --> 00:19:13,600 Speaker 1: I think it's would be a great result and win 359 00:19:13,880 --> 00:19:17,520 Speaker 1: for everyone. And according to BMO, three hundred thousand would 360 00:19:17,560 --> 00:19:22,040 Speaker 1: be a strong number. Jennifer Lee, Senior Economists, BEMO Capital Markets. Again, 361 00:19:22,119 --> 00:19:25,000 Speaker 1: thanks for your insights ahead of the release of the 362 00:19:25,080 --> 00:19:28,439 Speaker 1: December payrolls report, coming out just about three hours from now. 363 00:19:28,520 --> 00:19:31,640 Speaker 1: Of course, we will have full coverage throughout the day 364 00:19:31,720 --> 00:19:35,200 Speaker 1: here on Bloomberg Radio and live reaction from Labor Secretary 365 00:19:35,280 --> 00:19:38,280 Speaker 1: Marty Walsh that's coming up later on this morning after 366 00:19:38,359 --> 00:19:40,600 Speaker 1: the release of the payrolls reports, so tune back into 367 00:19:40,640 --> 00:19:44,000 Speaker 1: Bloomberg Radio and check it out on Bloomberg Television once 368 00:19:44,080 --> 00:19:47,480 Speaker 1: that interview comes around. In the meantime, SMP futures are 369 00:19:47,600 --> 00:19:50,120 Speaker 1: up almost nine points, stal future is up fifty one, 370 00:19:50,240 --> 00:19:53,879 Speaker 1: NASTACK futures higher by twenty seven points. No change to 371 00:19:54,000 --> 00:19:56,600 Speaker 1: the tenuere Right now, the yield is at one point 372 00:19:56,760 --> 00:20:08,000 Speaker 1: seven to per cent. You're listening to Bloomberg Daybreak Bloomberg 373 00:20:08,040 --> 00:20:11,360 Speaker 1: eleven three oh Weather is winter weather advisory till noon 374 00:20:11,440 --> 00:20:14,080 Speaker 1: today with another inch or so snow possible on your 375 00:20:14,119 --> 00:20:17,639 Speaker 1: thirty five degrees sunshine tomorrow, low thirties rain and a 376 00:20:17,720 --> 00:20:25,280 Speaker 1: high near forty on Sunday. Broadcasting live from the Bloomberg 377 00:20:25,400 --> 00:20:29,840 Speaker 1: Interactive Broker Studio in New York, Bloomberg Elving Free to Washington, 378 00:20:29,920 --> 00:20:34,000 Speaker 1: d C. Bloomberg to Boston, Bloomberg one O six one 379 00:20:34,119 --> 00:20:38,000 Speaker 1: to San Francisco, Bloomberg sixteen, to the country Sirius XM 380 00:20:38,080 --> 00:20:41,280 Speaker 1: Cho one nineteen and around the globe to Bloomberg Business 381 00:20:41,359 --> 00:20:45,400 Speaker 1: apt in Bloomberg Radio dot Com. This is Bloomberg Daybreak. 382 00:20:51,119 --> 00:20:53,280 Speaker 1: It's five thirty on Wall Street. Good morning. I'm Nathan 383 00:20:53,320 --> 00:20:56,280 Speaker 1: Hager and I'm parin Moscow and we're just about four 384 00:20:56,359 --> 00:20:58,640 Speaker 1: hours away from the open of US trading. Let's get 385 00:20:58,680 --> 00:20:59,879 Speaker 1: you have to date on the news you need to 386 00:21:00,000 --> 00:21:03,680 Speaker 1: know at this hour. Snow is blanketing the Northeast this morning. 387 00:21:03,720 --> 00:21:06,240 Speaker 1: We got more on that coming up with Bloomberg Meteorologist 388 00:21:06,359 --> 00:21:09,760 Speaker 1: Rob Caroline. But first, futures are higher ahead of the 389 00:21:09,840 --> 00:21:13,760 Speaker 1: December jobs report. Economists are forecasting a rebound from last 390 00:21:13,840 --> 00:21:16,520 Speaker 1: month with the gain of four hundred forty seven thousand jobs. 391 00:21:16,880 --> 00:21:20,400 Speaker 1: Begin more from Bloomberg's Vine del judas US payroll broke. 392 00:21:20,520 --> 00:21:23,160 Speaker 1: Mr Wall Street forecasts in November with a tepid game 393 00:21:23,320 --> 00:21:27,080 Speaker 1: just two hundred ten thousand, the weekest showing since December twenty. 394 00:21:27,400 --> 00:21:31,000 Speaker 1: Bloomberg Economics says the COVID nineteen Murcroun variant could weigh 395 00:21:31,040 --> 00:21:34,120 Speaker 1: on the December data. At the same time, weekly jobless 396 00:21:34,160 --> 00:21:36,720 Speaker 1: claims remained near a half century low, running at two 397 00:21:36,800 --> 00:21:40,200 Speaker 1: hundred seven thousand, and US job openings have been running 398 00:21:40,240 --> 00:21:44,959 Speaker 1: at all time High's Bloomberg Daybreak, al Right, Vinnie, thanks traders. 399 00:21:45,000 --> 00:21:47,040 Speaker 1: We'll be watching that job's data for any hints on 400 00:21:47,160 --> 00:21:50,680 Speaker 1: future FED policy. St. Louis FED President Jim Bullard's weighing in. 401 00:21:50,800 --> 00:21:53,479 Speaker 1: He says the Central Bank could start hiking rates as 402 00:21:53,560 --> 00:21:56,159 Speaker 1: soon as March. Well, Nathan, The FEDS also watching the 403 00:21:56,280 --> 00:21:59,880 Speaker 1: pandemic as COVID cases continue to come in near record high. 404 00:22:00,160 --> 00:22:03,000 Speaker 1: Testing also remains an issue, and now the Washington Post 405 00:22:03,000 --> 00:22:04,960 Speaker 1: reports the White House is working on a plan to 406 00:22:05,040 --> 00:22:08,520 Speaker 1: deliver five hundred million test kits to households. Turning to 407 00:22:08,600 --> 00:22:11,840 Speaker 1: markets today, Karen shares of game Stopper up eighteen percent 408 00:22:11,960 --> 00:22:14,800 Speaker 1: in early trading. Bloomberg News has learned the company plans 409 00:22:14,840 --> 00:22:17,680 Speaker 1: to launch a marketplace for non fungible tokens by the 410 00:22:17,840 --> 00:22:20,480 Speaker 1: end of the year. We get more from Bloomberg's Charlie Pellett. 411 00:22:20,760 --> 00:22:23,800 Speaker 1: The source says it's in talks with crypto and blockchain 412 00:22:23,880 --> 00:22:27,040 Speaker 1: companies about which tokens could be used on the nf 413 00:22:27,160 --> 00:22:30,640 Speaker 1: team marketplace. It's also said to be discussing with partners 414 00:22:30,880 --> 00:22:33,560 Speaker 1: the potential for creating a number of funds of up 415 00:22:33,600 --> 00:22:36,840 Speaker 1: to one hundred million dollars each to invest in n 416 00:22:36,960 --> 00:22:40,840 Speaker 1: f T content creators and gaming companies over the last 417 00:22:40,880 --> 00:22:43,320 Speaker 1: few months. The source says game Stop has assembled a 418 00:22:43,400 --> 00:22:46,119 Speaker 1: team of more than twenty people that's focused on the 419 00:22:46,280 --> 00:22:50,760 Speaker 1: crypto related push in New York. Charlie Pellet Bloomberg Daybreak, 420 00:22:50,920 --> 00:22:54,240 Speaker 1: All right, Charlie, thank you, and Bitcoin is falling this morning. 421 00:22:54,320 --> 00:22:56,959 Speaker 1: This latest slide has the digital token now trading as 422 00:22:57,080 --> 00:23:00,359 Speaker 1: lowest levels in September. It's off about forty from its 423 00:23:00,440 --> 00:23:03,960 Speaker 1: record reached in November, and checking Bitcoin right now, it's 424 00:23:04,040 --> 00:23:07,479 Speaker 1: at about forty two thousand, three hundred dollars. That's down 425 00:23:07,520 --> 00:23:10,679 Speaker 1: about one point eight per cent. Futures are higher, as 426 00:23:10,760 --> 00:23:13,520 Speaker 1: we said, SMP future is up twelve points down Future 427 00:23:13,560 --> 00:23:16,800 Speaker 1: is up sixty six. Nasday futures up forty eight and 428 00:23:16,880 --> 00:23:19,439 Speaker 1: the tenure Treasury down one thirty second. The yield one 429 00:23:19,480 --> 00:23:21,960 Speaker 1: point seven two percent. They yield on the two year 430 00:23:22,040 --> 00:23:25,280 Speaker 1: point eight seven percent, and NIMEX screwed oil is up 431 00:23:25,320 --> 00:23:28,360 Speaker 1: one percent or eighty four cents at eighty twenty nine 432 00:23:28,400 --> 00:23:31,679 Speaker 1: cents of barrel Straight to head your latest local headlines 433 00:23:32,000 --> 00:23:34,600 Speaker 1: plus a check of sports and the snow. This is 434 00:23:34,600 --> 00:23:42,200 Speaker 1: Bloomberg Wall Street. It is snowing, yes, in the twenty 435 00:23:42,280 --> 00:23:45,560 Speaker 1: nine degrees in Central Park and a lot of crashes 436 00:23:45,600 --> 00:23:47,960 Speaker 1: as you can imagine. Peter Van's got the details shortly. 437 00:23:48,080 --> 00:23:51,040 Speaker 1: First Michael Barr with more on the forecast and what 438 00:23:51,119 --> 00:23:52,720 Speaker 1: else is going on in New York and around the world. 439 00:23:52,840 --> 00:23:57,119 Speaker 1: Michael oh Nathan E. Gads. The snow weather is impacting 440 00:23:57,200 --> 00:24:00,520 Speaker 1: the Tri State area. In New Jersey, Governor Phil Murphy 441 00:24:00,560 --> 00:24:03,879 Speaker 1: has declared the state of emergency. Winter store Mornings have 442 00:24:04,040 --> 00:24:06,400 Speaker 1: also been issued for Long Island and in Connectic Get 443 00:24:06,440 --> 00:24:09,760 Speaker 1: the Governor need Lamot has closed state offices. Let's get 444 00:24:09,800 --> 00:24:12,000 Speaker 1: a look at the weather system that's causing headaches with 445 00:24:12,080 --> 00:24:16,040 Speaker 1: Bloombird meteorologist Rob Carol. Michael, the snow across the Tri 446 00:24:16,200 --> 00:24:18,640 Speaker 1: State area will taper off an end around midday. It's 447 00:24:18,640 --> 00:24:21,920 Speaker 1: already ending down around the Washington area and that trend 448 00:24:21,960 --> 00:24:24,639 Speaker 1: will work its way towards the north and east this morning. Again, 449 00:24:24,840 --> 00:24:26,360 Speaker 1: the worst of the weather is going to be off 450 00:24:26,400 --> 00:24:28,720 Speaker 1: to our north and east, out out towards New England, 451 00:24:28,720 --> 00:24:30,800 Speaker 1: where they could see over half a foot in some spots. 452 00:24:31,160 --> 00:24:32,840 Speaker 1: How much of the tri state area, picking up a 453 00:24:32,880 --> 00:24:35,800 Speaker 1: couple of inches and again improving conditions for the afternoon. 454 00:24:35,840 --> 00:24:37,800 Speaker 1: I expect the afternoon commute to be much better than 455 00:24:37,880 --> 00:24:41,919 Speaker 1: this morning's, Michael, Thank you very much. Rob Emergency preparations 456 00:24:41,960 --> 00:24:43,879 Speaker 1: are in a way to get the streets in shape 457 00:24:43,920 --> 00:24:47,240 Speaker 1: because of the winter weather. New York Sanitation Commissioner Ed 458 00:24:47,320 --> 00:24:49,880 Speaker 1: Grayson says the city is well prepared for the snow 459 00:24:50,800 --> 00:24:52,199 Speaker 1: in the end of the day. We have a very 460 00:24:52,320 --> 00:24:54,239 Speaker 1: robust number of staff to be able to man all 461 00:24:54,240 --> 00:24:56,800 Speaker 1: of off, a full soft spread of compliment, a large 462 00:24:56,880 --> 00:24:59,639 Speaker 1: number of clows on extended tours. We're gonna shift our 463 00:24:59,640 --> 00:25:03,120 Speaker 1: operation at two twelve hour days. Ed Grayson of New 464 00:25:03,240 --> 00:25:07,399 Speaker 1: York's Sanitation Department says they're ready to spite a staff 465 00:25:07,440 --> 00:25:11,200 Speaker 1: shortage due to COVID. Classes in Chicago were canceled for 466 00:25:11,240 --> 00:25:13,680 Speaker 1: a third consecutive day. It meant an ongoing fight with 467 00:25:13,720 --> 00:25:17,080 Speaker 1: the teachers union over remote learning and other COVID nineteen 468 00:25:17,119 --> 00:25:20,520 Speaker 1: safety protocols. Three white men convicted of murder in the 469 00:25:20,600 --> 00:25:23,600 Speaker 1: deadly chase and shooting of Amad Aubrey are due back 470 00:25:23,640 --> 00:25:27,560 Speaker 1: in court for sentencing today. Georgia Jury and November found 471 00:25:27,800 --> 00:25:31,680 Speaker 1: father and son greg and Travis McMichael and their neighbor 472 00:25:31,800 --> 00:25:35,800 Speaker 1: William Bryan, guilty of murder in the February of the 473 00:25:35,840 --> 00:25:39,280 Speaker 1: twenty five year old black Man. University of Georgia Law 474 00:25:39,480 --> 00:25:43,560 Speaker 1: chair Emeritus Ron Carlson says it's likely the judge already 475 00:25:43,640 --> 00:25:46,159 Speaker 1: has an idea of what the sentence will be. The 476 00:25:46,320 --> 00:25:49,480 Speaker 1: jury's vertice sent a message that visual handed justice will 477 00:25:49,560 --> 00:25:52,920 Speaker 1: not be tolerated, and the chances are the judge will 478 00:25:53,119 --> 00:25:58,160 Speaker 1: reinforce that message. Emeritus Ron Carlson says it's unclear whether 479 00:25:58,280 --> 00:26:02,119 Speaker 1: the McMichael's and Brian will speak publicly during sentencing. The 480 00:26:02,200 --> 00:26:06,119 Speaker 1: mandatory minimum is life in prison in Georgia. Representative Adam 481 00:26:06,200 --> 00:26:10,359 Speaker 1: Kinzinger of Illinois, only one of two Republicans on the 482 00:26:10,400 --> 00:26:14,760 Speaker 1: House elect Committee investigating the January sixth capital attack reflected 483 00:26:14,800 --> 00:26:18,800 Speaker 1: on that day, Kinzinger told Bloomberg's Joe Matthew the Republican 484 00:26:18,920 --> 00:26:22,639 Speaker 1: Party divide could get worse. I think leaders had an 485 00:26:22,720 --> 00:26:27,320 Speaker 1: opportunity after January six to stand together and actually do 486 00:26:27,480 --> 00:26:30,760 Speaker 1: what the title says, to lead and say, look, this 487 00:26:30,880 --> 00:26:35,439 Speaker 1: election wasn't storn. Representative Kinzinger also says President Biden's speech 488 00:26:35,440 --> 00:26:39,760 Speaker 1: and outrage against the January sixth attack was necessary. Kazakhstan's 489 00:26:39,800 --> 00:26:43,080 Speaker 1: president declared that order had largely been restored in his 490 00:26:43,200 --> 00:26:46,919 Speaker 1: country following efforts to suppress mass protests that erupted over 491 00:26:47,040 --> 00:26:50,639 Speaker 1: fuel price increases. Dozens of people were killed, including twelve 492 00:26:50,680 --> 00:26:54,480 Speaker 1: police officers. Russia and its allies dispatched troops to help 493 00:26:54,640 --> 00:26:58,040 Speaker 1: quill the demonstrations. Space Act has launched its next batch 494 00:26:58,160 --> 00:27:01,680 Speaker 1: of Starlink Internet satellites, the Falcon nine rocket. It left 495 00:27:01,680 --> 00:27:05,280 Speaker 1: from Florida's Kennedy Space Center last night. Global News twenty 496 00:27:05,320 --> 00:27:07,800 Speaker 1: four hours a day on air and on Bloomberg Quick Take, 497 00:27:07,880 --> 00:27:10,800 Speaker 1: powered by more than twenty seven hundred journalists and analysts 498 00:27:10,880 --> 00:27:14,760 Speaker 1: more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan. 499 00:27:14,880 --> 00:27:21,360 Speaker 1: Thank you, Michael. Going up to thirty seven on Wall 500 00:27:21,400 --> 00:27:23,720 Speaker 1: Street time for the Bloomberg Sports Update with John Sasha 501 00:27:23,920 --> 00:27:27,160 Speaker 1: Alright Anthon Nixon. Celtics opened the season with a double 502 00:27:27,200 --> 00:27:29,560 Speaker 1: overtime Nicks went at the Garden. Their game last night 503 00:27:30,000 --> 00:27:32,520 Speaker 1: may have topped that one for drama. Knicks trailed by 504 00:27:32,560 --> 00:27:34,800 Speaker 1: as much as twenty five. They didn't think their first 505 00:27:34,880 --> 00:27:37,800 Speaker 1: lead until just over two minutes to play. The Celtics, 506 00:27:37,920 --> 00:27:40,879 Speaker 1: Jason Tatum hit a game giant shot with a second 507 00:27:40,920 --> 00:27:43,680 Speaker 1: and a half ago. Look like overtime again. R J. 508 00:27:43,920 --> 00:27:46,880 Speaker 1: Barrett banked in a three pointer at the buzzer Nicks 509 00:27:46,920 --> 00:27:50,280 Speaker 1: one eight, one oh five. You know Jason's so tall, 510 00:27:50,560 --> 00:27:53,879 Speaker 1: but uh yeah, I mean every time about you, I 511 00:27:53,920 --> 00:27:57,040 Speaker 1: think it is doing in That was crazy. Honestly, didn't 512 00:27:57,080 --> 00:27:59,160 Speaker 1: even I didn't even really see it because I fail 513 00:27:59,800 --> 00:28:02,120 Speaker 1: I even see you go in. But just from everybody 514 00:28:02,119 --> 00:28:04,480 Speaker 1: else's reaction, you know what I can tell us that 515 00:28:04,720 --> 00:28:07,440 Speaker 1: cool Parrot had thirty two points the other night. He 516 00:28:07,480 --> 00:28:09,720 Speaker 1: had shot only three or fourteen before that. Game winner. 517 00:28:09,760 --> 00:28:12,320 Speaker 1: Evan Fournier, who didn't score a single point in that 518 00:28:12,400 --> 00:28:15,240 Speaker 1: went over Indiana, erupted last night a career li forty 519 00:28:15,320 --> 00:28:18,080 Speaker 1: one points, tied a Knick's record with ten three forinners, 520 00:28:18,119 --> 00:28:21,080 Speaker 1: made ten of fourteen in three games against his former 521 00:28:21,119 --> 00:28:24,760 Speaker 1: team this season, four averaging thirty six. Tatum led Boston 522 00:28:24,840 --> 00:28:27,640 Speaker 1: with thirty six. Same two teams again tomorrow night in Boston. 523 00:28:28,000 --> 00:28:31,320 Speaker 1: Next tonight host Milwaukee. The Rangers lost five one in Vegas. 524 00:28:31,359 --> 00:28:33,879 Speaker 1: Chris Tryder the lone Ranger, goals twenty one. The Devil's 525 00:28:33,880 --> 00:28:36,880 Speaker 1: beat Columbus three to one Jack Music goal and two 526 00:28:36,920 --> 00:28:40,240 Speaker 1: assists on the day Tampa Bay officially released Antonio Brown. 527 00:28:40,320 --> 00:28:43,280 Speaker 1: The back and forth continues over what led the Brown's 528 00:28:43,360 --> 00:28:46,480 Speaker 1: meltdown last Sunday had met life when he left the field. 529 00:28:46,520 --> 00:28:48,640 Speaker 1: Brown says he was injured and couldn't play. His coach, 530 00:28:48,720 --> 00:28:51,520 Speaker 1: Bruce arians Now says Brown was upset that he wasn't 531 00:28:51,560 --> 00:28:54,400 Speaker 1: getting the ball thrown to him, hurting his chances to 532 00:28:54,480 --> 00:28:58,280 Speaker 1: meet incentive clauses in his contract. John Stash award Bloomber 533 00:28:58,400 --> 00:29:01,360 Speaker 1: Sports Satan Think Sean It's thirty on Wall Street time 534 00:29:01,400 --> 00:29:03,920 Speaker 1: for the Tri State Business Report with Bloomberg's d Corey. 535 00:29:04,400 --> 00:29:06,680 Speaker 1: The New York Times has agreed to buy The Athletic, 536 00:29:06,760 --> 00:29:10,560 Speaker 1: acquiring a sports news website with more than a million subscribers. 537 00:29:11,040 --> 00:29:14,320 Speaker 1: The newspaper publishers paying five hundred fifty million dollars for 538 00:29:14,400 --> 00:29:17,760 Speaker 1: The Athletic, which will remain the stand alone product. The 539 00:29:17,840 --> 00:29:19,840 Speaker 1: deal is expected to close by the end of March. 540 00:29:20,480 --> 00:29:23,360 Speaker 1: New York State will spend five hundred million dollars building 541 00:29:23,400 --> 00:29:27,280 Speaker 1: up ports and manufacturing infrastructure for offshore wind farms, and 542 00:29:27,360 --> 00:29:30,120 Speaker 1: a bit to become home base for the nascent industry. 543 00:29:30,360 --> 00:29:34,000 Speaker 1: The investments announced Wednesday by Governor Kathy Hoko will focus 544 00:29:34,120 --> 00:29:37,760 Speaker 1: on building the supply chain for offshore turbines, which can 545 00:29:37,800 --> 00:29:42,000 Speaker 1: provide clean power to a densely populated coast. Meanwhile, Hoco 546 00:29:42,120 --> 00:29:45,960 Speaker 1: wants the Empire State to keep the party going on indoors, outdoors, 547 00:29:46,000 --> 00:29:49,840 Speaker 1: and on the sidewalk. The Governor Wednesday asked lawmakers to 548 00:29:50,000 --> 00:29:53,680 Speaker 1: permanently legalize the sale of to go alcoholic drinks to 549 00:29:53,840 --> 00:29:57,120 Speaker 1: keep bars and restaurants afloat. That you Bloomberg try State 550 00:29:57,200 --> 00:30:00,640 Speaker 1: Business Report. I'm Ed Corey. Thanks that It's thirty nine 551 00:30:00,680 --> 00:30:02,640 Speaker 1: on Wall Street. Bloomberg Radio is on the air from 552 00:30:02,680 --> 00:30:05,560 Speaker 1: San Francisco to New York, London to Hong Kong. Let's 553 00:30:05,640 --> 00:30:08,040 Speaker 1: check in with our global news team for some of 554 00:30:08,080 --> 00:30:10,640 Speaker 1: the top stories heard on our three hundred affiliate radio 555 00:30:10,720 --> 00:30:15,760 Speaker 1: stations around the world. I'm Gina Servetti and for w 556 00:30:16,000 --> 00:30:19,240 Speaker 1: b B, I'm in Chicago. The CEO of Abbott Labs 557 00:30:19,360 --> 00:30:22,280 Speaker 1: talks about the company's efforts to ramp up production of 558 00:30:22,360 --> 00:30:26,840 Speaker 1: COVID nineteen tests. I'm Corney Donahoe on cafabian Omaha dear 559 00:30:26,960 --> 00:30:30,160 Speaker 1: expects a slow rollout if it's automous tractors this year. 560 00:30:30,520 --> 00:30:33,720 Speaker 1: I'm Caroline headfil whom my dab digital radio into We're 561 00:30:33,760 --> 00:30:36,120 Speaker 1: putting on E d F switching off the loss of 562 00:30:36,160 --> 00:30:39,280 Speaker 1: its nuclear power plants at Humpterston in Scotland in the 563 00:30:39,400 --> 00:30:42,760 Speaker 1: midst of a UK power crunch. I'm in Corey on 564 00:30:43,040 --> 00:30:45,960 Speaker 1: w w J in Detroit. I'm reporting Lithium is posting 565 00:30:46,040 --> 00:30:50,600 Speaker 1: heavyweight games thanks to booming electric vehicle sale. Those are 566 00:30:50,640 --> 00:30:53,360 Speaker 1: some of the stories our twenty hundred Bloomberg journalist and 567 00:30:53,360 --> 00:30:55,400 Speaker 1: analysts are working on this morning around the world as 568 00:30:55,440 --> 00:30:58,320 Speaker 1: we await the release of the December payrolls report. The 569 00:30:58,440 --> 00:31:02,080 Speaker 1: final read on the labor market of that's coming out 570 00:31:02,120 --> 00:31:04,720 Speaker 1: at eight thirty Wall Street time. Head of the market 571 00:31:04,760 --> 00:31:07,560 Speaker 1: open at nine thirty Wall Street time. Futures are higher, 572 00:31:08,200 --> 00:31:10,840 Speaker 1: SMP futures up ten points, staff futures up fifty two, 573 00:31:10,920 --> 00:31:13,960 Speaker 1: Net stack futures higher by thirty nine points. The tenure 574 00:31:14,000 --> 00:31:23,560 Speaker 1: treasury yield one seven. This is Bloomer Bloomber eleven three 575 00:31:23,560 --> 00:31:26,120 Speaker 1: oh weather winter weather Advisory till noon. Another inch or 576 00:31:26,160 --> 00:31:28,400 Speaker 1: snow possible this morning with a high in your thirty 577 00:31:28,440 --> 00:31:32,120 Speaker 1: five degrees, mostly sunny, low thirties. Tomorrow, rain and Sunday 578 00:31:32,160 --> 00:31:35,120 Speaker 1: afternoon right now twenty nine and snowing in Central Park. 579 00:31:37,960 --> 00:31:41,320 Speaker 1: Markets headlines and breaking news twenty four hours a day 580 00:31:41,440 --> 00:31:44,400 Speaker 1: at Bloomberg dot Com, the Bloomberg Business at and at 581 00:31:44,440 --> 00:31:54,120 Speaker 1: Bloomberg Quick Tape. He's a Bloomberg Business Flash and I'm 582 00:31:54,200 --> 00:31:57,080 Speaker 1: Karen Moscow. Any Westock Index futures are on the rise 583 00:31:57,160 --> 00:32:01,320 Speaker 1: this morning as the dollar is lower and risk taking 584 00:32:01,400 --> 00:32:04,120 Speaker 1: returns to markets at the end of a turbulent week. 585 00:32:04,240 --> 00:32:07,320 Speaker 1: Investors are weighing u S employment gains against the federal 586 00:32:07,360 --> 00:32:10,680 Speaker 1: reserves policy tightening plans. We checked the markets every fifteen 587 00:32:10,720 --> 00:32:14,080 Speaker 1: minutes throughout the trading day on Bloomberg SMP futures that's 588 00:32:14,080 --> 00:32:17,000 Speaker 1: got eleven points down, futures up fifty three, Nastack future 589 00:32:17,040 --> 00:32:19,360 Speaker 1: is up thirty nine, and the decks in Germany is 590 00:32:19,400 --> 00:32:21,479 Speaker 1: down a tenth of upper cent. The ten year treasury 591 00:32:21,560 --> 00:32:23,560 Speaker 1: down one thirty second. He had one point seven two 592 00:32:23,640 --> 00:32:26,520 Speaker 1: percent yield them at two year point eight seven percent. 593 00:32:26,960 --> 00:32:29,120 Speaker 1: Nine night Screwed oils up one point one percent of 594 00:32:29,200 --> 00:32:31,320 Speaker 1: eighty eight cents at eighty dollars thirty four cents of 595 00:32:31,400 --> 00:32:33,600 Speaker 1: barrel called make schooled. The tenth of upper cent or 596 00:32:33,640 --> 00:32:37,479 Speaker 1: two dollars ten cents at seventy ounce, the Euro one 597 00:32:37,520 --> 00:32:39,840 Speaker 1: point one three oh seven against the dollar British bound 598 00:32:39,840 --> 00:32:41,840 Speaker 1: one point three five four two, the ends at one 599 00:32:41,920 --> 00:32:45,200 Speaker 1: fifteen point eight five and bitcoins moving lower at forty 600 00:32:45,240 --> 00:32:48,440 Speaker 1: two thousand, three hundred dollars. And that employment report is 601 00:32:48,480 --> 00:32:50,320 Speaker 1: out of eight thirty Wall Street time. And that's a 602 00:32:50,360 --> 00:32:52,800 Speaker 1: bloomberg business flash. Now here's Michael Barr with Moore on 603 00:32:52,920 --> 00:32:55,360 Speaker 1: what's going on around the world. Uncle Karen, thank you 604 00:32:55,520 --> 00:32:57,880 Speaker 1: very much. The Northeast is getting a visit from old 605 00:32:57,920 --> 00:33:00,640 Speaker 1: Man winter. New Jersey is under a state of emergency 606 00:33:00,720 --> 00:33:04,080 Speaker 1: because of a winter storm that can dump about six 607 00:33:04,200 --> 00:33:07,479 Speaker 1: inches of snow. Connecticut as closed. State offices in New 608 00:33:07,560 --> 00:33:10,480 Speaker 1: York City is deployed about sixteen hundred plows throughout the city. 609 00:33:11,040 --> 00:33:13,560 Speaker 1: Three white men convicted of murder and George a in 610 00:33:13,640 --> 00:33:16,000 Speaker 1: the deadly chase and shooting of Ammad Aubrey are due 611 00:33:16,040 --> 00:33:19,040 Speaker 1: back in court for sentencing today. Father and son greg 612 00:33:19,160 --> 00:33:22,600 Speaker 1: and Travis McMichael, and their neighbor William Bryan are expected 613 00:33:22,640 --> 00:33:26,200 Speaker 1: to get life in prison. North Korea says it will 614 00:33:26,240 --> 00:33:29,520 Speaker 1: skip next month's Beijing Olympics because of the COVID nineteen 615 00:33:29,560 --> 00:33:35,480 Speaker 1: pandemic and hostile forces moves. Its statement is largely redundant 616 00:33:35,520 --> 00:33:37,840 Speaker 1: since it has already been suspended from the games by 617 00:33:37,880 --> 00:33:40,600 Speaker 1: the I O C. In the NBA, the nixt beat 618 00:33:40,640 --> 00:33:43,320 Speaker 1: the Celtics one of eight, one O five, the Warriors lost, 619 00:33:43,480 --> 00:33:47,200 Speaker 1: the Devil's won, the Rangers and Bruins lost. Global News 620 00:33:47,320 --> 00:33:49,320 Speaker 1: twenty four hours a day on it or and on 621 00:33:49,440 --> 00:33:53,080 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists 622 00:33:53,120 --> 00:33:56,040 Speaker 1: and analysts more than a hundred twenty countries. High Michael 623 00:33:56,080 --> 00:33:59,520 Speaker 1: Barr And this is Bloomberg, Nathan. Thanks Michael. It's nine 624 00:33:59,560 --> 00:34:02,320 Speaker 1: on Wallstreet Life from the Bloomberg Interactive Broker Studios. This 625 00:34:02,440 --> 00:34:04,520 Speaker 1: is Bloomberg Daybreak. We want to get an update now 626 00:34:04,640 --> 00:34:07,240 Speaker 1: on the pandemic as the O macron variant continues to 627 00:34:07,400 --> 00:34:10,359 Speaker 1: rage around the world. Andy Pecosh is with us once 628 00:34:10,400 --> 00:34:14,359 Speaker 1: again this morning, professor of molecular microbiology and Immunology at 629 00:34:14,400 --> 00:34:17,760 Speaker 1: the Johns Hopkins Bloomberg School of Public Health, Dr Pecos. 630 00:34:17,960 --> 00:34:21,400 Speaker 1: We learned overnight that the world has reached three hundred 631 00:34:21,440 --> 00:34:25,200 Speaker 1: million COVID cases since the pandemic began, and we continue 632 00:34:25,280 --> 00:34:28,920 Speaker 1: to see records broken almost by the day when it 633 00:34:28,960 --> 00:34:31,680 Speaker 1: comes to case counts from the O Macron variant, When 634 00:34:31,719 --> 00:34:33,400 Speaker 1: do you think we're going to start to see this 635 00:34:33,520 --> 00:34:38,440 Speaker 1: O Macron wave peak? Really difficult to predict, particularly with 636 00:34:38,640 --> 00:34:42,960 Speaker 1: this variant, because it's really behaving in such a different 637 00:34:43,040 --> 00:34:47,439 Speaker 1: way from other variants in terms of it's really off 638 00:34:47,480 --> 00:34:51,920 Speaker 1: the charts level of transmission, plus the different disease that 639 00:34:52,000 --> 00:34:54,800 Speaker 1: it's causing and the different symptoms that it's causing. So 640 00:34:55,800 --> 00:34:57,920 Speaker 1: u some of the estimates are still there's about a 641 00:34:58,200 --> 00:35:00,760 Speaker 1: ten to fourteen day window right now we should expect 642 00:35:00,800 --> 00:35:02,759 Speaker 1: to see a peek before it starts to go down, 643 00:35:03,560 --> 00:35:06,759 Speaker 1: And if we look at other countries, the reduction in 644 00:35:06,840 --> 00:35:11,200 Speaker 1: cases should go fast as fast as the increasing cases. 645 00:35:11,360 --> 00:35:15,480 Speaker 1: So those are things to be positive about, but it's 646 00:35:15,520 --> 00:35:18,680 Speaker 1: still a little bit too early to make any firm predictions. 647 00:35:19,239 --> 00:35:22,319 Speaker 1: The World Health Organization yesterday was saying, Oh Macron may 648 00:35:22,360 --> 00:35:26,200 Speaker 1: appear less serious, but that doesn't mean it's mild. How 649 00:35:26,440 --> 00:35:29,920 Speaker 1: do you view the severity of this strain? I think 650 00:35:30,040 --> 00:35:33,279 Speaker 1: Oh Macron has really sort of split this pandemic into 651 00:35:33,520 --> 00:35:37,000 Speaker 1: a couple of different populations. I think if you're vaccinated, 652 00:35:37,040 --> 00:35:40,399 Speaker 1: in particular, if you're vaccinated and boosted um, you will 653 00:35:40,520 --> 00:35:44,240 Speaker 1: deal with disinfection. It will seem you'll have some symptoms probably, 654 00:35:44,920 --> 00:35:47,000 Speaker 1: but you should be able to recover within a few days. 655 00:35:47,120 --> 00:35:50,160 Speaker 1: I think if you're unvaccinated, or if you've been previously 656 00:35:50,239 --> 00:35:53,239 Speaker 1: infected and you never got your vaccine, I think this 657 00:35:53,400 --> 00:35:56,480 Speaker 1: is a pretty serious disease. You can still see the 658 00:35:56,600 --> 00:35:59,280 Speaker 1: people that are coming into the hospital with serious disease 659 00:35:59,640 --> 00:36:03,640 Speaker 1: are I'm merely unvaccinated people. So it really depends on 660 00:36:03,960 --> 00:36:06,000 Speaker 1: what you've done to this date in terms of protecting 661 00:36:06,040 --> 00:36:08,719 Speaker 1: yourself from stars Kobe too. If you've gotten some vaccines 662 00:36:08,800 --> 00:36:11,279 Speaker 1: and the booster, you should be able to deal with 663 00:36:11,360 --> 00:36:13,880 Speaker 1: this disease. But if you haven't, this is still a 664 00:36:13,920 --> 00:36:17,280 Speaker 1: pretty serious disease. Are we getting a clear picture about 665 00:36:17,640 --> 00:36:22,120 Speaker 1: hospitalizations caused by COVID, whether it's homocron or any other variant. 666 00:36:22,160 --> 00:36:24,400 Speaker 1: We've heard from the Governor of New York, Kathy Hokel, 667 00:36:24,440 --> 00:36:27,440 Speaker 1: saying hospitals should do a better job of breaking down 668 00:36:27,520 --> 00:36:30,960 Speaker 1: patients who are admitted with COVID as opposed to patients 669 00:36:31,000 --> 00:36:33,160 Speaker 1: who come into hospitals for other things than they find 670 00:36:33,200 --> 00:36:35,759 Speaker 1: out they have COVID after the fact and get included. 671 00:36:36,200 --> 00:36:40,320 Speaker 1: In many cases, it very much depends on the hospital 672 00:36:40,400 --> 00:36:42,759 Speaker 1: system that you go to. I know here at Johns 673 00:36:42,800 --> 00:36:46,719 Speaker 1: Hopkins we do a very good job of sorting out 674 00:36:46,800 --> 00:36:50,799 Speaker 1: both of those populations, because it is interesting to see 675 00:36:50,920 --> 00:36:53,440 Speaker 1: that there are people that come to the hospital for 676 00:36:53,520 --> 00:36:57,279 Speaker 1: other reasons that end up testing positive for COVID nineteen. Again, 677 00:36:57,360 --> 00:37:00,879 Speaker 1: those individuals tend to be vaccinated and boosted and are 678 00:37:00,920 --> 00:37:04,560 Speaker 1: having a very mild infection. But certainly there is a 679 00:37:04,719 --> 00:37:09,240 Speaker 1: major surge in people coming into the hospital strictly because 680 00:37:09,320 --> 00:37:12,360 Speaker 1: of COVID nineteen symptoms and having very severe symptoms. So 681 00:37:13,000 --> 00:37:15,880 Speaker 1: we do need to to to sort those two populations 682 00:37:15,920 --> 00:37:18,000 Speaker 1: out because it's the ones coming in with the severe 683 00:37:18,080 --> 00:37:20,600 Speaker 1: disease that we need to keep track of most diligently. 684 00:37:20,880 --> 00:37:22,840 Speaker 1: I also wanted to ask you about this new study 685 00:37:22,920 --> 00:37:27,240 Speaker 1: that came out yesterday funded by the government, into whether 686 00:37:27,440 --> 00:37:31,640 Speaker 1: vaccines have an effect on women's menstrual cycles, that the 687 00:37:31,840 --> 00:37:35,279 Speaker 1: vaccines can delay periods by up to a day. What 688 00:37:35,400 --> 00:37:38,880 Speaker 1: do you know about this? Is this a cost for concern? Uh, 689 00:37:39,200 --> 00:37:41,680 Speaker 1: It's it's not a cost for concern. It's something that 690 00:37:42,200 --> 00:37:45,680 Speaker 1: honestly hasn't been investigated that carefully. But there are some 691 00:37:45,840 --> 00:37:49,880 Speaker 1: small studies around suggesting that things like an infection or 692 00:37:49,920 --> 00:37:52,840 Speaker 1: a vaccination can sometimes have an effect on a woman's 693 00:37:52,880 --> 00:37:55,600 Speaker 1: menstrual cycle. UM. I know here at Hopkins and in 694 00:37:55,719 --> 00:37:58,200 Speaker 1: several other places there are major studies now going on 695 00:37:58,320 --> 00:38:02,080 Speaker 1: to try to understand this. So it's something that is 696 00:38:02,160 --> 00:38:05,200 Speaker 1: not unheard of, um, but really needs more studies to 697 00:38:05,280 --> 00:38:08,200 Speaker 1: try to understand what this means and what's causing it. 698 00:38:08,640 --> 00:38:11,080 Speaker 1: Only about thirty seconds left here, So it doesn't raise 699 00:38:11,120 --> 00:38:15,160 Speaker 1: any concerns for you about the overall safety of vaccines. No, 700 00:38:15,320 --> 00:38:18,759 Speaker 1: it's just another it's it's a representation of the of 701 00:38:18,880 --> 00:38:21,719 Speaker 1: some of the side effects that we don't really capture well, 702 00:38:22,120 --> 00:38:24,920 Speaker 1: particularly because we need to have a better eye on 703 00:38:25,120 --> 00:38:29,120 Speaker 1: age and gender and biological sex in terms of how 704 00:38:29,239 --> 00:38:32,560 Speaker 1: those things impact our responses to vaccines. All right, thanks 705 00:38:32,600 --> 00:38:35,440 Speaker 1: as always, dr Andy Pecosh of the Johns Hopkins Bloomberg 706 00:38:35,520 --> 00:38:38,400 Speaker 1: School of Public Health, which is supported by Michael Bloomberg, 707 00:38:38,440 --> 00:38:41,040 Speaker 1: the founder majority owner of Bloomberg LP, that is the 708 00:38:41,080 --> 00:38:44,759 Speaker 1: parent company of Bloomberg Radio. Karen Allry, Nathan, thank you. 709 00:38:44,880 --> 00:38:47,240 Speaker 1: It is coming up to five four on Wall Street 710 00:38:47,360 --> 00:38:50,080 Speaker 1: Time for our daily of Bloomberg Law be Reef exploring 711 00:38:50,160 --> 00:38:52,640 Speaker 1: legal issues in the news, and today we're looking at 712 00:38:52,680 --> 00:38:55,200 Speaker 1: the conviction of the Lane Maxwell, she was found guilty 713 00:38:55,280 --> 00:38:58,200 Speaker 1: of engaging in a ten year sex trafficking scheme with 714 00:38:58,320 --> 00:39:02,120 Speaker 1: Jeffrey Epstein. Now a verdict could be overturned because of 715 00:39:02,239 --> 00:39:05,680 Speaker 1: comments from a juror an interview since the verdict, adjuror 716 00:39:05,760 --> 00:39:08,000 Speaker 1: said he was a victim of sex abuse as a 717 00:39:08,160 --> 00:39:11,120 Speaker 1: child and that his story helps sway other members of 718 00:39:11,200 --> 00:39:14,000 Speaker 1: the panel. For more in the case, Bloomberg student Grasshow 719 00:39:14,040 --> 00:39:17,279 Speaker 1: speaks to former federal prosecutor Jessica Roth, a professor at 720 00:39:17,360 --> 00:39:22,480 Speaker 1: Cardoza Law School. Clearly, the questionnaire that the jurors had 721 00:39:22,560 --> 00:39:25,480 Speaker 1: to fill out asks, have your a friend or a 722 00:39:25,600 --> 00:39:29,360 Speaker 1: family member ever been the victim of sexual harassment, sexual 723 00:39:29,440 --> 00:39:34,120 Speaker 1: abuse or sexual assault? So does it seem clear that 724 00:39:34,440 --> 00:39:38,160 Speaker 1: something is wrong. Either he made a mistake on his 725 00:39:38,360 --> 00:39:41,560 Speaker 1: questionnaire or he omitted information to get on the jury. 726 00:39:41,840 --> 00:39:45,200 Speaker 1: So we don't know how he answered that question on 727 00:39:45,400 --> 00:39:50,160 Speaker 1: his questionnaire because it's under steel and it seems unlikely 728 00:39:50,280 --> 00:39:52,920 Speaker 1: that he answered it in a way that disclosed the abuse, 729 00:39:53,000 --> 00:39:56,239 Speaker 1: because if he had, it is likely that the attorneys 730 00:39:56,280 --> 00:39:59,760 Speaker 1: would have asked follow up questions about it. And according 731 00:39:59,800 --> 00:40:03,279 Speaker 1: to the reporting, the transcript of the vardier does not 732 00:40:03,520 --> 00:40:07,239 Speaker 1: reveal any follow up questioning of this particular juror on 733 00:40:07,440 --> 00:40:10,840 Speaker 1: that issue. So that's the jest that he did not 734 00:40:11,120 --> 00:40:14,560 Speaker 1: disclose it on his questionnaire, or that he did disclose 735 00:40:14,600 --> 00:40:17,240 Speaker 1: it but the lawyers didn't catch it. And that's important 736 00:40:17,360 --> 00:40:20,600 Speaker 1: because the court is going to inquire into his possible 737 00:40:20,719 --> 00:40:24,200 Speaker 1: motives for not disclosing it. If the court were to 738 00:40:24,280 --> 00:40:28,719 Speaker 1: determine that he did not disclose it deliberately in order 739 00:40:28,800 --> 00:40:31,759 Speaker 1: to get on the jury, then that would be more 740 00:40:31,880 --> 00:40:35,480 Speaker 1: indicative of harboring some bias and wanting to get onto 741 00:40:35,520 --> 00:40:38,720 Speaker 1: too the jury in order to render a verdict against 742 00:40:38,760 --> 00:40:42,640 Speaker 1: the defendant. Memories and how they relate to sexual abuse 743 00:40:42,800 --> 00:40:46,600 Speaker 1: victims was a contentious point at the trial, and this 744 00:40:46,760 --> 00:40:50,880 Speaker 1: jury said that his personal experience helped convince other jurors 745 00:40:51,200 --> 00:40:54,239 Speaker 1: about the victims memories. How will the judge get to 746 00:40:54,280 --> 00:40:57,400 Speaker 1: the bottom of what happened in deliberations. That's one of 747 00:40:57,480 --> 00:41:01,080 Speaker 1: the more interesting aspects of this new turn in the case, 748 00:41:01,320 --> 00:41:04,440 Speaker 1: which is that although the jurors has suggested in their 749 00:41:04,480 --> 00:41:08,600 Speaker 1: accounts to the media that they brought their experiences into 750 00:41:08,640 --> 00:41:11,520 Speaker 1: the jury room with them and used them to persuade 751 00:41:11,600 --> 00:41:14,360 Speaker 1: other jurors who may have been initially skeptical of the 752 00:41:14,520 --> 00:41:18,960 Speaker 1: victims witnesses credibility. The judge is not going to consider 753 00:41:19,320 --> 00:41:23,560 Speaker 1: evidence about the jury deliberation. That's because there's a federal 754 00:41:23,680 --> 00:41:28,080 Speaker 1: rule of evidence that expressly prohibits a judge from considering 755 00:41:28,680 --> 00:41:32,759 Speaker 1: testimony or an affidavit from a juror about conduct or 756 00:41:32,800 --> 00:41:37,239 Speaker 1: statements that occurred during the jury's deliberation. That's the rule 757 00:41:37,480 --> 00:41:41,520 Speaker 1: of long standing precedence, and it's designed to protect the 758 00:41:41,640 --> 00:41:45,800 Speaker 1: privacy of jury deliberations. The concern is that if jurors 759 00:41:45,880 --> 00:41:49,000 Speaker 1: are not assured of the privacy of their deliberation, that 760 00:41:49,160 --> 00:41:52,239 Speaker 1: they will be less candid. Courts have been willing to 761 00:41:52,960 --> 00:41:56,520 Speaker 1: accept the fact that this rule may result in occasional injustice, 762 00:41:56,680 --> 00:41:59,080 Speaker 1: but they have said that they do not think that 763 00:41:59,200 --> 00:42:03,200 Speaker 1: the jury system could survive efforts to perfect it and 764 00:42:03,280 --> 00:42:07,360 Speaker 1: nas Cardoso Law professor Jessica Roth speaking with Bloomberg's Doing Grosso. 765 00:42:07,440 --> 00:42:09,800 Speaker 1: Catch more of that interview, plus analysis of the latest 766 00:42:09,880 --> 00:42:13,360 Speaker 1: legal news by subscribing to the Bloomberg Law Podcast or 767 00:42:13,400 --> 00:42:17,280 Speaker 1: downloading this show at Bloomberg dot com slash podcast. Attorneys 768 00:42:17,280 --> 00:42:20,040 Speaker 1: can find exceptional legal research and business development tools at 769 00:42:20,040 --> 00:42:23,520 Speaker 1: Bloomberg Law dot com and at the Bloomberg terminal at 770 00:42:23,680 --> 00:42:27,879 Speaker 1: b law Go and again futures are moving higher this morning. 771 00:42:28,040 --> 00:42:29,960 Speaker 1: S and P future is up ten points and down, 772 00:42:30,000 --> 00:42:33,200 Speaker 1: futures up fifty, NASDAG futures up about forty, and the 773 00:42:33,320 --> 00:42:35,920 Speaker 1: ten year Treasury little change. The yield one point seven 774 00:42:36,000 --> 00:42:38,439 Speaker 1: two percent yield them a two year point eight seven 775 00:42:38,480 --> 00:42:41,800 Speaker 1: percent still ahead. On Bloomberg Daybreak, a check on the 776 00:42:41,880 --> 00:42:44,399 Speaker 1: business headlines and all the news you need to start 777 00:42:44,480 --> 00:42:46,759 Speaker 1: your day, And this is Bloomberg