1 00:00:02,840 --> 00:00:06,400 Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg 2 00:00:06,480 --> 00:00:10,479 Speaker 1: day Break for Tuesday, March two. Coming up this hour, 3 00:00:10,760 --> 00:00:13,960 Speaker 1: Ukraine offers peace talks to Moscow as it holds Russian 4 00:00:14,000 --> 00:00:17,800 Speaker 1: troops at Bay. President Biden issues of warning on Vladimir Putin, 5 00:00:17,920 --> 00:00:21,720 Speaker 1: saying the leaders becoming increasingly desperate and questions remain un 6 00:00:21,840 --> 00:00:25,080 Speaker 1: answered on that deadly plane crash in China. New York's 7 00:00:25,079 --> 00:00:27,560 Speaker 1: top health officials says she doesn't expect to see a 8 00:00:27,600 --> 00:00:31,200 Speaker 1: steep surge in COVID nineteen cases. Plus Supreme Court nominee 9 00:00:31,280 --> 00:00:35,280 Speaker 1: Jackson faces senator's questions today. I'm Michael Barer. More ahead, 10 00:00:35,440 --> 00:00:38,200 Speaker 1: I'm John stashdown Sports cabin Urrant and the Nats beat 11 00:00:38,240 --> 00:00:41,159 Speaker 1: the Jazz in Brooklyn and another big name quarterback is 12 00:00:41,200 --> 00:00:46,440 Speaker 1: on the move. That's all straight ahead on Bloomberg day 13 00:00:46,440 --> 00:00:51,440 Speaker 1: Break on Bloomberg Hillmen Trio, New York, Bloomberg nine one, Washington, 14 00:00:51,560 --> 00:00:55,639 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, 15 00:00:55,640 --> 00:00:59,640 Speaker 1: San Francisco, Sirius x M one nineteen and around the 16 00:00:59,680 --> 00:01:07,800 Speaker 1: world Down Bloomberg Radio dot Com and via The Bloomberg Business. 17 00:01:07,800 --> 00:01:11,200 Speaker 1: Good Morning Up, John, Tucker Nathan Hager. US futures are 18 00:01:11,280 --> 00:01:13,400 Speaker 1: moving higher on this Tuesday morning. We're coming up to 19 00:01:13,480 --> 00:01:15,440 Speaker 1: six o one on Wall Street. We checked the market's 20 00:01:15,440 --> 00:01:18,320 Speaker 1: every fifteen minutes during the trading day. On bloomberg SMP 21 00:01:18,400 --> 00:01:20,680 Speaker 1: futures are up fourteen point Staff futures up a hundred 22 00:01:20,680 --> 00:01:23,200 Speaker 1: thirty eight. Esse AT futures higher by forty five points. 23 00:01:23,360 --> 00:01:25,520 Speaker 1: The decks in Germany is up one point one percent. 24 00:01:25,560 --> 00:01:27,720 Speaker 1: That can't compare us up eight tenths of one percent. 25 00:01:28,000 --> 00:01:30,600 Speaker 1: Send your treasury is down fifteen thirty seconds. The yield 26 00:01:30,600 --> 00:01:32,800 Speaker 1: two point three four percent yield on the two year 27 00:01:33,120 --> 00:01:36,080 Speaker 1: two point one eight percent. Nime X screwed is down 28 00:01:36,120 --> 00:01:38,319 Speaker 1: two point two percent or two dollars forty nine cents 29 00:01:38,319 --> 00:01:40,480 Speaker 1: at a hundred nine dollars sixty three cents of barrel 30 00:01:40,720 --> 00:01:43,000 Speaker 1: comex golled down two tenths per cent or four dollars 31 00:01:43,040 --> 00:01:45,760 Speaker 1: at nineteen thirty eight announced. The euro is at one 32 00:01:45,800 --> 00:01:48,000 Speaker 1: point zero nine nine four against the dollar, and the 33 00:01:48,080 --> 00:01:51,120 Speaker 1: yen is at one eight two. John and Nathan will 34 00:01:51,160 --> 00:01:53,000 Speaker 1: love more on the markets in a minute, but first 35 00:01:53,040 --> 00:01:57,200 Speaker 1: new developments involving the war. Ukraine's president says he's ready 36 00:01:57,240 --> 00:02:00,400 Speaker 1: to discuss a deal with Russia in exchange for US fire. 37 00:02:00,680 --> 00:02:05,080 Speaker 1: Amy Morris has it sales from our Bloomberg newsroom in Washington, 38 00:02:05,480 --> 00:02:08,920 Speaker 1: Ukrainian President Voladimir Zelensky said late last night he is 39 00:02:09,040 --> 00:02:12,320 Speaker 1: prepared to discuss a commitment from Ukraine not to seek 40 00:02:12,400 --> 00:02:16,280 Speaker 1: NATO membership in exchange for a ceasefire, the withdrawal of 41 00:02:16,360 --> 00:02:19,679 Speaker 1: Russian troops, and to guarantee of Ukraine security. He called 42 00:02:19,720 --> 00:02:22,760 Speaker 1: it a compromise for everyone. He also repeated his call 43 00:02:22,880 --> 00:02:26,280 Speaker 1: for direct talks with Russian President Vladimir Putin, saying that 44 00:02:26,360 --> 00:02:29,240 Speaker 1: unless he meets with him personally, it's impossible to know 45 00:02:29,280 --> 00:02:32,560 Speaker 1: if Russia even wants to stop the war. In Washington, 46 00:02:32,639 --> 00:02:35,760 Speaker 1: I'm Aymy Morris, Bloomberg Daybreak, Okay, Amy, thank you. President 47 00:02:35,800 --> 00:02:38,840 Speaker 1: Zelenski says his forces are still holding Russian troops at 48 00:02:38,840 --> 00:02:42,240 Speaker 1: bay on several fronts. Retired U S Navy Commander Ward 49 00:02:42,280 --> 00:02:46,320 Speaker 1: Carol says Ukrainian forces remain resilient. I can tell you 50 00:02:46,919 --> 00:02:50,000 Speaker 1: from the legend of the Ghost of Kiev to the 51 00:02:50,120 --> 00:02:54,040 Speaker 1: other things that they've done against overwhelming odds. Their air 52 00:02:54,120 --> 00:02:57,280 Speaker 1: force has shown itself to be very capable. Retired Navy 53 00:02:57,320 --> 00:03:00,639 Speaker 1: Commander Ward Carroll spoke with our Washington corresponding Joe Matthew 54 00:03:00,680 --> 00:03:03,600 Speaker 1: on Bloomberg Sound On. Catch the program weekdays at five 55 00:03:03,639 --> 00:03:06,240 Speaker 1: pm Eastern on Bloomberg Radio. Meantime, the White House says 56 00:03:06,320 --> 00:03:09,840 Speaker 1: Russian President Vladimir Putin's back is against the wall, and 57 00:03:10,000 --> 00:03:14,440 Speaker 1: President Biden tells business leaders that makes him even more dangerous. 58 00:03:14,800 --> 00:03:18,919 Speaker 1: He's suggesting Putin could soon use chemical weapons. Bloomberg's Ad 59 00:03:18,960 --> 00:03:21,600 Speaker 1: Baxter has the story. Biden, in front of the Business 60 00:03:21,680 --> 00:03:25,240 Speaker 1: Roundtable CEO quarterly meeting, said Putin is already sending up 61 00:03:25,280 --> 00:03:29,520 Speaker 1: false flags about chemical weapons, saying the US has used 62 00:03:29,560 --> 00:03:34,040 Speaker 1: them as well. They're also suggesting that Ukraine has biological 63 00:03:34,200 --> 00:03:38,240 Speaker 1: and chemical weapons in Ukraine. That's a clear sign he's 64 00:03:38,280 --> 00:03:41,880 Speaker 1: considering using both of those. He's already used chemical weapons 65 00:03:41,920 --> 00:03:44,680 Speaker 1: in the past, and we should be careful. What about 66 00:03:44,720 --> 00:03:47,360 Speaker 1: it was about to come? Biden says the US does 67 00:03:47,440 --> 00:03:50,280 Speaker 1: not use chemical weapons, and the President also warned if 68 00:03:50,280 --> 00:03:54,240 Speaker 1: a potential of increased cyber attacks in San Francisco. I'm 69 00:03:54,240 --> 00:03:56,440 Speaker 1: at Baxter Bloomberg day Break. All right, and thank you. 70 00:03:56,480 --> 00:03:59,360 Speaker 1: Another major story we're following brings us yesterday's crash of 71 00:03:59,360 --> 00:04:02,960 Speaker 1: a Boeing in China all on Two people on boorder 72 00:04:03,000 --> 00:04:06,040 Speaker 1: believed dead. The cause of the crash is still unknown. 73 00:04:06,080 --> 00:04:09,680 Speaker 1: Experts remain baffled by the planes nose dive from twenty 74 00:04:09,760 --> 00:04:12,840 Speaker 1: nine thousand feet. Bloomberg Stephen Angel has the latest from 75 00:04:12,880 --> 00:04:15,440 Speaker 1: Hong Kong. She didn't being the President of China said 76 00:04:15,480 --> 00:04:18,320 Speaker 1: he's calling for an all out investigation. They have found 77 00:04:18,320 --> 00:04:21,359 Speaker 1: part of the wreckage. We just don't know how this 78 00:04:21,480 --> 00:04:25,080 Speaker 1: accident happened on a flight from Kunming to guang Joe 79 00:04:25,400 --> 00:04:28,480 Speaker 1: that was already just about to descend to Guang Joe. 80 00:04:28,960 --> 00:04:31,479 Speaker 1: It's very different from the MAX accidents in Indonesia and 81 00:04:31,640 --> 00:04:35,360 Speaker 1: in Ethiopia. Bloomberg Stephen Angle says the China Eastern Airlines 82 00:04:35,400 --> 00:04:38,760 Speaker 1: crash is China's worst commercial aviation accident in more than 83 00:04:38,800 --> 00:04:41,640 Speaker 1: a decade. And turning to the markets now sell off 84 00:04:41,760 --> 00:04:44,800 Speaker 1: in bonds is deepening. You have to fence here. J 85 00:04:44,920 --> 00:04:47,640 Speaker 1: Palnd struck a more hawkish tone on a s campaign 86 00:04:47,680 --> 00:04:51,080 Speaker 1: against high inflation. The expectation going into this year was 87 00:04:51,080 --> 00:04:53,800 Speaker 1: that we would see basically see inflation peaking in the 88 00:04:53,839 --> 00:04:56,359 Speaker 1: first quarter, then maybe leveling out, and then see a 89 00:04:56,360 --> 00:04:59,000 Speaker 1: lot of progress in the second half. That story has 90 00:04:59,040 --> 00:05:01,719 Speaker 1: already fallen apart. To the extent it continues to fall apart. 91 00:05:02,560 --> 00:05:05,880 Speaker 1: My colleagues and I may well reach the conclusion that 92 00:05:05,920 --> 00:05:08,080 Speaker 1: will need to move more quickly, and if so, we'll 93 00:05:08,080 --> 00:05:10,520 Speaker 1: do so. She your pal says, the FED is prepared 94 00:05:10,560 --> 00:05:13,120 Speaker 1: to raise the indust rates by fifty basis points at 95 00:05:13,120 --> 00:05:16,560 Speaker 1: the next policy meeting if needed. Tracy McMillan, as head 96 00:05:16,560 --> 00:05:20,680 Speaker 1: of Global Linset Allocation Strategy at Wells Fargo, preparing the 97 00:05:20,720 --> 00:05:25,279 Speaker 1: markets for a really tough inflation fight, and so that 98 00:05:25,400 --> 00:05:28,880 Speaker 1: means we're gonna see higher yields, and we are seeing 99 00:05:28,920 --> 00:05:31,320 Speaker 1: those higher yields in the front end, at the curb 100 00:05:31,600 --> 00:05:36,640 Speaker 1: where the FED really has more of an impact. Wells 101 00:05:36,680 --> 00:05:40,360 Speaker 1: Fargo's Tracy McMillan says she prefers equities over fixed income 102 00:05:40,440 --> 00:05:42,400 Speaker 1: at the moment. And we'll have much more on the 103 00:05:42,440 --> 00:05:45,520 Speaker 1: future of interest rates and the fight against inflation later 104 00:05:45,560 --> 00:05:48,200 Speaker 1: this morning, John will we speak live with St. Louis 105 00:05:48,240 --> 00:05:51,280 Speaker 1: FED President Jim Bullard. Stay tuned for that conversation. It's 106 00:05:51,320 --> 00:05:53,599 Speaker 1: coming up at eight thirty am all street time on 107 00:05:53,600 --> 00:05:56,800 Speaker 1: Bloomberg Radio and television. And overnight we saw the bond 108 00:05:56,800 --> 00:05:59,599 Speaker 1: sell off spread to Asia. Stocks in the region gained 109 00:05:59,640 --> 00:06:02,520 Speaker 1: as the odds fell. Let's get the recap from BLOOMBERGUS 110 00:06:02,560 --> 00:06:05,800 Speaker 1: Juliet Sally in Singapore, Good morning, Julia, Good morning John, 111 00:06:05,800 --> 00:06:08,760 Speaker 1: and Nathan Australia yield to the higher since twenty eighteen 112 00:06:08,800 --> 00:06:11,000 Speaker 1: on the tenure note, while the Keywi equivalent was at 113 00:06:11,040 --> 00:06:13,880 Speaker 1: a five year high. The yield differential between the US 114 00:06:13,920 --> 00:06:16,039 Speaker 1: and Japan pushed the yend to a six year low, 115 00:06:16,279 --> 00:06:19,599 Speaker 1: boosting Japanese equities, which returned from a long weekend. The 116 00:06:19,640 --> 00:06:21,640 Speaker 1: negate to to five rows one and a half percent 117 00:06:21,680 --> 00:06:24,800 Speaker 1: in Tokyo to post its sixth consecutive session of gains, 118 00:06:25,000 --> 00:06:28,160 Speaker 1: the longest streaks since September, and Ali Baba shares game 119 00:06:28,240 --> 00:06:30,719 Speaker 1: nearly ten percent in Hong Kong as the tech giant 120 00:06:30,760 --> 00:06:33,960 Speaker 1: increased its shared by Back program to twenty five billion 121 00:06:34,160 --> 00:06:39,640 Speaker 1: from fifteen billion dollars in Singapore. Juliet Sally Bloomberg debris alright, Juliette. Thanks. 122 00:06:39,800 --> 00:06:42,200 Speaker 1: On the earnings front this morning, shares of Nike are 123 00:06:42,279 --> 00:06:45,719 Speaker 1: up nearly six percent in early trading. The company's quarterly 124 00:06:45,760 --> 00:06:50,360 Speaker 1: results top estimates. Revenue outpaced expectations in all regions, including 125 00:06:50,400 --> 00:06:54,000 Speaker 1: Greater China, where sales fell less than predicted. Right now, 126 00:06:54,120 --> 00:06:56,880 Speaker 1: SMP futures are higher by eleven point. Staff futures up 127 00:06:56,880 --> 00:06:59,920 Speaker 1: a hundred twenty five, NASTACK futures up one point ten. 128 00:07:00,000 --> 00:07:02,280 Speaker 1: Your treasury is down fifteen thirty seconds. The yield two 129 00:07:02,360 --> 00:07:05,279 Speaker 1: point three nime X screwed is now down one point 130 00:07:05,320 --> 00:07:08,800 Speaker 1: four percent, or a dollar fifty two dollars sixty cents 131 00:07:08,800 --> 00:07:11,800 Speaker 1: of barrel. The euro is at one point zero nine 132 00:07:11,920 --> 00:07:15,440 Speaker 1: eight nine against the dollar. Straight ahead your latest local 133 00:07:15,440 --> 00:07:23,520 Speaker 1: headlines and a check of sports. This is Bloomberg. Thanks 134 00:07:23,520 --> 00:07:25,840 Speaker 1: Snaithan six or seven on Wall Street hands on to 135 00:07:25,880 --> 00:07:28,080 Speaker 1: bring in Michael Barr to find out what else is 136 00:07:28,120 --> 00:07:30,920 Speaker 1: going on in New York and around the world. John, 137 00:07:30,960 --> 00:07:34,160 Speaker 1: thank you very much, sir. Russian opposition leader and jailed 138 00:07:34,240 --> 00:07:38,240 Speaker 1: Kremlin critic Alexei Nemalony was found guilty of fraud today. 139 00:07:38,800 --> 00:07:42,200 Speaker 1: Moscow of Court convicted of Alody over allegations he stole 140 00:07:42,280 --> 00:07:47,360 Speaker 1: from his anti corruption foundation. Called the case politically motivated. 141 00:07:47,880 --> 00:07:50,560 Speaker 1: New York's top health officials says she does not expect 142 00:07:50,600 --> 00:07:53,760 Speaker 1: to see a steep surge in COVID nineteen cases as 143 00:07:53,760 --> 00:07:57,200 Speaker 1: a new omicron sub variant grows more prevalent into the 144 00:07:57,240 --> 00:08:00,440 Speaker 1: state State Health Commissioner Mary Bassett says, is that the 145 00:08:00,520 --> 00:08:05,080 Speaker 1: variant now represents of all cases in New York. It 146 00:08:05,120 --> 00:08:08,640 Speaker 1: has been rising over the past couple of months, but 147 00:08:08,720 --> 00:08:11,239 Speaker 1: we have not seen the kind of rate of growth 148 00:08:11,800 --> 00:08:15,800 Speaker 1: UH in this dominance UH that we've seen in the 149 00:08:15,920 --> 00:08:20,000 Speaker 1: UK and in Europe. B A two is more transmissible, 150 00:08:20,040 --> 00:08:23,520 Speaker 1: as you know, than the original variant, but it does 151 00:08:23,560 --> 00:08:27,120 Speaker 1: not appear to cause more severe illness. Governor Kathy Hokel 152 00:08:27,200 --> 00:08:30,680 Speaker 1: also spoke with Health Commissioner Bassett. We have not focused 153 00:08:30,680 --> 00:08:33,960 Speaker 1: as a nation as much on the treatment capabilities. You 154 00:08:34,040 --> 00:08:36,840 Speaker 1: should at first sign of symptoms let your doctor know 155 00:08:37,240 --> 00:08:39,880 Speaker 1: so you can start getting the treatments that can stop 156 00:08:39,920 --> 00:08:43,319 Speaker 1: the circumstances from getting worse. Governor Hokel says New York 157 00:08:43,360 --> 00:08:47,600 Speaker 1: averaged around new COVID nineteen cases per day last week. 158 00:08:48,040 --> 00:08:51,160 Speaker 1: Donald Trump's lawyers say a New York judge abused his 159 00:08:51,240 --> 00:08:55,120 Speaker 1: discretion with a decision last month requiring the former president 160 00:08:55,160 --> 00:08:58,680 Speaker 1: to answer questions under oath in a civil investigation into 161 00:08:58,800 --> 00:09:02,160 Speaker 1: his business practice. It's in papers filed and the state 162 00:09:02,160 --> 00:09:06,160 Speaker 1: appeals court. Trump's lawyers said the judge failed properly wigh 163 00:09:06,200 --> 00:09:10,320 Speaker 1: constitutional and ethical concerns that they had raised about New 164 00:09:10,400 --> 00:09:15,800 Speaker 1: York Attorney General Latitia James's investigation. Judge Kanji Brown Jackson 165 00:09:15,840 --> 00:09:19,760 Speaker 1: faces questioning in her second day of Supreme Court confirmation hearings. 166 00:09:20,200 --> 00:09:24,360 Speaker 1: Jackson gave her opening remarks yesterday before the Senate Judiciary Committee. 167 00:09:24,400 --> 00:09:27,480 Speaker 1: I have been a judge for nearly a decade now, 168 00:09:27,559 --> 00:09:31,040 Speaker 1: and I take that responsibility and my duty to be 169 00:09:31,120 --> 00:09:36,520 Speaker 1: independent very seriously. Republican Senator Ted Cruz Likewise, it's not 170 00:09:36,559 --> 00:09:40,680 Speaker 1: about race. We will see democrats of the media suggest 171 00:09:40,760 --> 00:09:44,360 Speaker 1: that any Senator that is skeptical of your nomination, that 172 00:09:44,440 --> 00:09:47,040 Speaker 1: questions you vigorously, or that dares to vote against you, 173 00:09:47,120 --> 00:09:52,760 Speaker 1: must somehow harbor racial animus. GOP Senator Ted Cruz. Global 174 00:09:52,800 --> 00:09:54,920 Speaker 1: News twenty four hours a day on air and on 175 00:09:54,960 --> 00:09:58,760 Speaker 1: Bloomberg Quicktake, powered by more than under journalist and analyst 176 00:09:58,840 --> 00:10:03,120 Speaker 1: more than count He's Michael barn This is Michael. Thank you, 177 00:10:06,640 --> 00:10:10,840 Speaker 1: Sall Street. That's time for the Bloomberg Sports Up. Thanks John. 178 00:10:10,880 --> 00:10:14,400 Speaker 1: Even with Tom Brady's unretirement and Aaron Rodgers remaining in 179 00:10:14,480 --> 00:10:17,520 Speaker 1: Green Bay, it's been stunning how many big name quarterbacks 180 00:10:17,559 --> 00:10:20,640 Speaker 1: have been traded. Russell Wilson to Denver to Shaun Watson 181 00:10:20,679 --> 00:10:23,360 Speaker 1: to Cleveland, and now Matt Ryan to Indianapolis. He was 182 00:10:23,440 --> 00:10:26,800 Speaker 1: in Atlanta for fourteen years. Once the NFL's m v 183 00:10:26,920 --> 00:10:29,480 Speaker 1: P with the Cold still replaced Carson Winston was just 184 00:10:29,480 --> 00:10:32,240 Speaker 1: traded to Washington. That came a year after Wentst was 185 00:10:32,280 --> 00:10:34,760 Speaker 1: traded to Indie. The Falcon's new QB will apparently be 186 00:10:34,800 --> 00:10:38,120 Speaker 1: Marcus Mariota, back up the last two seasons in Las Vegas, 187 00:10:38,120 --> 00:10:40,400 Speaker 1: he signed as a free agent in Brooklyn. The Nets 188 00:10:40,400 --> 00:10:42,920 Speaker 1: beat the Jazz one fourteen one oh six. Kevina rant 189 00:10:42,960 --> 00:10:46,160 Speaker 1: again led the way thirty seven points, nine rebounds, eight assists. 190 00:10:46,200 --> 00:10:48,839 Speaker 1: Home game meant no Kyrie. Ever, Ben Simmons still has 191 00:10:48,920 --> 00:10:52,959 Speaker 1: not made his Mets Nets debut out with a herniated disc. 192 00:10:53,000 --> 00:10:55,240 Speaker 1: As coach Steve net he saw, I hope that he 193 00:10:55,280 --> 00:10:57,600 Speaker 1: can come back. He's had moments during his rehab where 194 00:10:57,600 --> 00:11:00,320 Speaker 1: he's on the court doing some things and looks like 195 00:11:00,360 --> 00:11:01,880 Speaker 1: he's about to turn a corner and that there's a 196 00:11:01,880 --> 00:11:04,320 Speaker 1: little setback. So I still feel optimistic that he can 197 00:11:04,360 --> 00:11:06,920 Speaker 1: play for us. From mixed Tonight host Atlanta, the Rangers 198 00:11:07,000 --> 00:11:09,320 Speaker 1: visit the Devil's Kevin Willard, the coach at Seaton all 199 00:11:09,360 --> 00:11:12,319 Speaker 1: the last twelve years, leaving to take over in Maryland 200 00:11:12,360 --> 00:11:14,920 Speaker 1: and leading to some rather obvious speculation that he will 201 00:11:14,960 --> 00:11:18,600 Speaker 1: be replaced by Shaheen Holloway, former Seaton Hall player who 202 00:11:18,679 --> 00:11:21,320 Speaker 1: has coach St. Peter's to the NT double A sweet 203 00:11:21,360 --> 00:11:23,920 Speaker 1: sixteen in Port St. Lucy. New Mets manager Bucks Show 204 00:11:23,920 --> 00:11:27,840 Speaker 1: Walter watched new met picture Max Jerser for five innings, 205 00:11:27,880 --> 00:11:30,920 Speaker 1: called it as advertisers are allowed just one one Mets 206 00:11:31,000 --> 00:11:33,920 Speaker 1: lost to the Marlins, three nothing Yankees in Tampa Bay 207 00:11:33,920 --> 00:11:36,840 Speaker 1: five in uh Tampa five, two of the Phillies. Three pictures. 208 00:11:36,840 --> 00:11:40,120 Speaker 1: Who could be in the rotation Jamison Tyon, Nestor Cortez, 209 00:11:40,160 --> 00:11:43,560 Speaker 1: Michael king On with two scoreless things, John Stashiellen, Bloomberg 210 00:11:43,600 --> 00:11:45,840 Speaker 1: Sports done all right? Huh head of the cash up 211 00:11:45,920 --> 00:11:49,240 Speaker 1: on Wall Street. Futures looking higher right now the DALLA 212 00:11:49,280 --> 00:11:53,200 Speaker 1: futures of one hundred twenty two points, SMP emitted futures 213 00:11:53,720 --> 00:11:56,400 Speaker 1: ten points higher, and then I set futures right now 214 00:11:56,440 --> 00:12:01,439 Speaker 1: are up twenty five points. You're listening the Bloomberg day Break. 215 00:12:06,840 --> 00:12:08,960 Speaker 1: Day Break brought to you by Audie. Don't let someone 216 00:12:09,000 --> 00:12:11,200 Speaker 1: else drive off of the Audi modeled you, boways wanted. 217 00:12:11,280 --> 00:12:13,880 Speaker 1: Visit you try state area, Audi dealer together behind the 218 00:12:13,920 --> 00:12:16,880 Speaker 1: wheel of yours today, or visit Out of the Offers 219 00:12:16,960 --> 00:12:24,200 Speaker 1: dot com for more information, markets, headlines and breaking news 220 00:12:24,280 --> 00:12:26,839 Speaker 1: twenty four hours a day at Bloomberg dot Com, the 221 00:12:26,960 --> 00:12:30,480 Speaker 1: Bloomberg Business apt and at Bloomberg Quick Tape He's a 222 00:12:30,520 --> 00:12:40,040 Speaker 1: Bloomberg Business Flash Nathan Hager. Stocks are climbing along with 223 00:12:40,160 --> 00:12:43,120 Speaker 1: US equity futures as a sell off in bonds deepens. 224 00:12:43,200 --> 00:12:45,640 Speaker 1: This come out after a Federal Reserve Chairman, Jerome Powell 225 00:12:45,720 --> 00:12:49,160 Speaker 1: signaled yesterday that the Central Bank will take more aggressive 226 00:12:49,160 --> 00:12:52,320 Speaker 1: measures to clamp down on inflation, including the possibility of 227 00:12:52,360 --> 00:12:56,000 Speaker 1: a fifty basis point hike at the feds next policy 228 00:12:56,080 --> 00:12:59,120 Speaker 1: meeting in May. We check the markets every fifteen minutes 229 00:12:59,160 --> 00:13:01,920 Speaker 1: during the trading day on Boomberg. Right now, SMP futures 230 00:13:01,920 --> 00:13:05,160 Speaker 1: are up eleven points, STAFF futures up twenty seven, NASTAC 231 00:13:05,240 --> 00:13:07,960 Speaker 1: futures are higher by thirty one points. The DECKS in 232 00:13:08,000 --> 00:13:10,320 Speaker 1: Germany is up eight tenths percent. The CAC in Paris 233 00:13:10,360 --> 00:13:13,520 Speaker 1: is higher by a half percent ten Your treasury is 234 00:13:13,559 --> 00:13:16,000 Speaker 1: down sixteen thirty seconds. Now that you're two point three 235 00:13:16,080 --> 00:13:19,040 Speaker 1: four percent Nimex crew down one point one percent or 236 00:13:19,040 --> 00:13:21,240 Speaker 1: a dollar twenty two at a hundred ten dollars, ninety 237 00:13:21,280 --> 00:13:24,360 Speaker 1: cents of barrel U comic skulled down a dollar fifty 238 00:13:24,480 --> 00:13:28,480 Speaker 1: at nineteen thirty three thirty announced. That's a Bloomberg business flash. 239 00:13:28,559 --> 00:13:31,079 Speaker 1: Now here's Michael Barr with more on that's going down 240 00:13:31,080 --> 00:13:34,160 Speaker 1: around the world. Michael, thank you very much, Nathan. Ukrainian 241 00:13:34,200 --> 00:13:38,080 Speaker 1: President Volodimir Zelenski is sent to virtually deliver his address 242 00:13:38,160 --> 00:13:42,080 Speaker 1: to the Japanese Parliament tomorrow to rally international support for 243 00:13:42,160 --> 00:13:46,840 Speaker 1: his country's fight against Russia's invasion. Zelenski has made virtual 244 00:13:46,840 --> 00:13:50,480 Speaker 1: addresses to the US Congress, as well as parliaments in Europe, 245 00:13:50,480 --> 00:13:54,920 Speaker 1: Canada and Israel. Russian court has found jailed Kremlin critic 246 00:13:54,920 --> 00:13:59,199 Speaker 1: Alexi Volty guilty of large scale fraud. Valdi is already 247 00:13:59,240 --> 00:14:01,640 Speaker 1: serving a more and two years sentence in prison for 248 00:14:01,800 --> 00:14:06,000 Speaker 1: parole violations he says were fabricated in the NBA, the 249 00:14:06,080 --> 00:14:08,679 Speaker 1: Nets and Celtics one, the Wizards lost in the NHL, 250 00:14:08,720 --> 00:14:11,319 Speaker 1: the Bruins be at the Canadians, and overtime three to 251 00:14:11,880 --> 00:14:14,360 Speaker 1: Global News twenty four hours a day on air and 252 00:14:14,559 --> 00:14:17,520 Speaker 1: on Bloomberg Quick take powered by more than twenty seven 253 00:14:17,559 --> 00:14:20,520 Speaker 1: hundred journalists and analyst and more than one twenty countries. 254 00:14:20,920 --> 00:14:23,880 Speaker 1: Michael Laren, this is Bloomberg John all right, Michael, thank you. 255 00:14:23,960 --> 00:14:26,440 Speaker 1: Coming up on six twenty on Wall Street. We are 256 00:14:26,520 --> 00:14:31,120 Speaker 1: live from the Bloomberg Interranto Broker Studios. This is Bloomberg Daybreak. 257 00:14:31,760 --> 00:14:35,040 Speaker 1: The flood of refugees continues as the war in Ukraine 258 00:14:35,160 --> 00:14:38,320 Speaker 1: rages on. Joining us now with an update, Bloomberg's Agge 259 00:14:38,320 --> 00:14:43,160 Speaker 1: Cantra live from Pollen at the Humanitarian Aids Center there. Aggie, 260 00:14:43,200 --> 00:14:45,280 Speaker 1: thanks for being with us. Can you give us an 261 00:14:45,320 --> 00:14:51,480 Speaker 1: idea of the numbers we're talking about? Yes, so we're 262 00:14:51,560 --> 00:14:56,400 Speaker 1: looking at over three million displaced people within who have 263 00:14:56,480 --> 00:14:59,560 Speaker 1: now gone to other countries. That's about it's now about 264 00:14:59,600 --> 00:15:02,760 Speaker 1: three four million refugees that have fled not only to 265 00:15:02,800 --> 00:15:06,920 Speaker 1: Poland but other nations, mostly within the EU. But it's 266 00:15:06,960 --> 00:15:10,960 Speaker 1: also important to note the figure of displaced people in 267 00:15:11,040 --> 00:15:14,320 Speaker 1: general that they think that ten million people in total 268 00:15:14,560 --> 00:15:17,360 Speaker 1: have fled their homes since the start of the war. 269 00:15:17,440 --> 00:15:19,880 Speaker 1: That's the statistic from the u N And what that 270 00:15:19,920 --> 00:15:22,160 Speaker 1: means is that a huge amount of those people have 271 00:15:22,320 --> 00:15:26,000 Speaker 1: been displaced within Ukraine. So While this country is trying 272 00:15:26,040 --> 00:15:30,720 Speaker 1: to deal with a serious conflict in their own territory, 273 00:15:30,840 --> 00:15:33,840 Speaker 1: they're also dealing with a humanitarian crisis of a lot 274 00:15:33,880 --> 00:15:36,640 Speaker 1: of people who are looking to be rehoused, mostly in 275 00:15:36,680 --> 00:15:39,920 Speaker 1: the wapster of the country, away from the fighting. There 276 00:15:39,960 --> 00:15:43,400 Speaker 1: are the people still coming across the bordering into Poland. 277 00:15:43,760 --> 00:15:50,280 Speaker 1: Does that have any sign of slowing downimal, Yes, they 278 00:15:50,320 --> 00:15:52,480 Speaker 1: are still coming over. There does seem to be a 279 00:15:52,560 --> 00:15:56,240 Speaker 1: slight dissipation in just how many people are crossing over 280 00:15:56,480 --> 00:16:01,640 Speaker 1: into the EU from Poland from Ukraine. However, it doesn't 281 00:16:01,640 --> 00:16:05,000 Speaker 1: seem to be slowing completely. There are still a lot 282 00:16:05,040 --> 00:16:08,040 Speaker 1: of people arriving. I'm right now in a place which 283 00:16:08,120 --> 00:16:11,640 Speaker 1: is essentially a transport hub slightly away from the border, 284 00:16:11,720 --> 00:16:16,520 Speaker 1: where people come after arriving at the border and then 285 00:16:16,920 --> 00:16:20,320 Speaker 1: um then taken to wherever they're looking to go, whether 286 00:16:20,400 --> 00:16:23,480 Speaker 1: that be another city in Poland or further afield to 287 00:16:24,320 --> 00:16:26,280 Speaker 1: Germany or France or I was just speaking to a 288 00:16:26,320 --> 00:16:29,440 Speaker 1: woman who's going to go to Spain to stay with friends. 289 00:16:29,720 --> 00:16:32,000 Speaker 1: So there's still a huge amount of people crossing over 290 00:16:32,040 --> 00:16:35,640 Speaker 1: the border, and um there seems to be less of 291 00:16:35,680 --> 00:16:38,520 Speaker 1: an impact on the areas around the border in the 292 00:16:38,600 --> 00:16:42,520 Speaker 1: last week or so, as the authorities here come up 293 00:16:42,560 --> 00:16:46,320 Speaker 1: with better processes in order to streamline it so people 294 00:16:46,360 --> 00:16:48,920 Speaker 1: can get away from the border quicker. Can you share 295 00:16:49,000 --> 00:16:55,360 Speaker 1: some of the stories that they're telling. Yes, so, especially 296 00:16:55,360 --> 00:16:58,520 Speaker 1: in the last couple of weeks, as seeing as I've 297 00:16:58,560 --> 00:17:02,040 Speaker 1: been here for I started coming here just as the 298 00:17:02,080 --> 00:17:04,639 Speaker 1: war broke out, and now that we're a couple of 299 00:17:04,640 --> 00:17:08,159 Speaker 1: weeks into this, what's really telling is how the people 300 00:17:08,200 --> 00:17:10,960 Speaker 1: who are arriving now, a great deal of them have 301 00:17:11,600 --> 00:17:16,360 Speaker 1: personal experience of this shelling, of these bombardments of their cities. 302 00:17:16,600 --> 00:17:18,800 Speaker 1: I was just speaking to a woman from Kiev who 303 00:17:18,880 --> 00:17:23,439 Speaker 1: spent spent the last several weeks hiding in basements and 304 00:17:23,520 --> 00:17:27,200 Speaker 1: in bunkers, and then has now left. She first went 305 00:17:27,280 --> 00:17:29,600 Speaker 1: to Leviv in the west of Ukraine and is now 306 00:17:29,680 --> 00:17:32,040 Speaker 1: decided to come to Poland. And this is the case 307 00:17:32,080 --> 00:17:34,800 Speaker 1: for a lot of the people who arriving now. Also, 308 00:17:34,920 --> 00:17:37,640 Speaker 1: it's important to see the fact that when people first 309 00:17:37,680 --> 00:17:41,199 Speaker 1: started fleeing, almost as a precautionary measure, a lot of 310 00:17:41,240 --> 00:17:44,600 Speaker 1: them had contacts in Europe. They had connections with other 311 00:17:44,680 --> 00:17:48,200 Speaker 1: people within the European Union, friends or family who already 312 00:17:48,240 --> 00:17:50,080 Speaker 1: lived in the European unions so they had a place 313 00:17:50,119 --> 00:17:52,639 Speaker 1: to go. A lot of the people coming now do 314 00:17:52,720 --> 00:17:56,520 Speaker 1: not speak so much English or other languages, and a 315 00:17:56,520 --> 00:17:59,840 Speaker 1: lot of them are deeply traumatized by the war and 316 00:18:00,040 --> 00:18:06,520 Speaker 1: self having had firsthand experience of it. What's ahead of them, 317 00:18:06,560 --> 00:18:09,000 Speaker 1: it's really, it really is difficult to say. A lot 318 00:18:09,040 --> 00:18:13,280 Speaker 1: of them have been able to through these directives that 319 00:18:13,320 --> 00:18:16,040 Speaker 1: the EU is supporting that a lot of them will 320 00:18:16,119 --> 00:18:19,000 Speaker 1: be able to enter the labor market, or in the 321 00:18:19,040 --> 00:18:21,560 Speaker 1: case of the many minors to have come over, will 322 00:18:21,600 --> 00:18:24,959 Speaker 1: be able to enter the education system. That is something 323 00:18:24,960 --> 00:18:28,359 Speaker 1: that the EU has tried to make sure is in 324 00:18:28,480 --> 00:18:31,760 Speaker 1: place so that people can enter the labor market, but 325 00:18:31,800 --> 00:18:34,320 Speaker 1: also so that they don't need to be in this 326 00:18:34,400 --> 00:18:37,399 Speaker 1: limbo phase. Because something that there's been a criticism of 327 00:18:37,520 --> 00:18:41,960 Speaker 1: the EU in other refuge crisis before this one has 328 00:18:42,000 --> 00:18:44,040 Speaker 1: been that a lot of people, even if they are 329 00:18:44,080 --> 00:18:46,600 Speaker 1: trying to look for work and want access to work, 330 00:18:46,720 --> 00:18:51,240 Speaker 1: because of the convoluted process in applying to be a 331 00:18:51,280 --> 00:18:54,960 Speaker 1: refugee in the EU, sometimes it's possible for them to 332 00:18:55,080 --> 00:18:58,159 Speaker 1: enter the labor force until that process is complete, and 333 00:18:58,200 --> 00:19:00,960 Speaker 1: at least in there are media future, there's no hope 334 00:19:01,000 --> 00:19:07,120 Speaker 1: of even returning home. It sounds yes, although pretty much 335 00:19:07,400 --> 00:19:11,359 Speaker 1: without sail. Most people that I speak to here want 336 00:19:11,440 --> 00:19:14,760 Speaker 1: to return home. That is their end hope is that 337 00:19:14,920 --> 00:19:17,359 Speaker 1: they all say that they would like to return to 338 00:19:17,440 --> 00:19:21,520 Speaker 1: those cities, even if they don't know what their cities 339 00:19:21,560 --> 00:19:23,480 Speaker 1: may look like. I cannot say that that is the 340 00:19:23,560 --> 00:19:26,720 Speaker 1: case for every refugee who has crossed the border, but 341 00:19:26,880 --> 00:19:29,360 Speaker 1: a huge amount of them really hope that they will 342 00:19:29,400 --> 00:19:33,640 Speaker 1: be able to return to Ukraine. Yeah, who knows what's 343 00:19:33,680 --> 00:19:36,439 Speaker 1: going to be left though, Aggie, thanks very much. We 344 00:19:36,480 --> 00:19:40,760 Speaker 1: appreciate your reporting. Bloomberg's Aggie Cantreill from Poland this morning, 345 00:19:40,800 --> 00:19:44,280 Speaker 1: the humanitarian center there near the border. You're listening to 346 00:19:44,320 --> 00:19:47,520 Speaker 1: Bloomberg Daybreak and HAWD they open on Wall Street. Down 347 00:19:47,560 --> 00:19:50,920 Speaker 1: futures right now one D forty seven points higher, that's 348 00:19:50,920 --> 00:19:54,960 Speaker 1: a four tens of percent, SMP futures of fourteen right 349 00:19:54,960 --> 00:19:57,919 Speaker 1: now a three tens of percent, and ADA futures up 350 00:19:58,040 --> 00:20:07,880 Speaker 1: thirty nine points. The is Bloomberg and the Bloomberg weather 351 00:20:07,920 --> 00:20:10,639 Speaker 1: for it today for a meteorologist Rod Caroline, clouds and 352 00:20:10,800 --> 00:20:13,240 Speaker 1: some stun especially north of the city. The high temperature 353 00:20:13,880 --> 00:20:17,760 Speaker 1: sixty and tomorrow cloudy cooler showers in the afternoon by 354 00:20:17,800 --> 00:20:24,280 Speaker 1: high temperature about fifty degrees. Broadcasting live from the Bloomberg 355 00:20:24,320 --> 00:20:27,800 Speaker 1: Interactive Broker Studio in New York, Bloomberg E Living fre 356 00:20:28,160 --> 00:20:32,280 Speaker 1: to Washington, d C. Bloomberg on to Boston, Bloomberg one 357 00:20:32,280 --> 00:20:35,440 Speaker 1: oh six one, to San Francisco, Bloomberg nine sixt to 358 00:20:35,520 --> 00:20:38,720 Speaker 1: the country, Sirius XM CHO one nineteen and around the 359 00:20:38,760 --> 00:20:42,560 Speaker 1: globe the Bloomberg Business apt and Bloomberg Radio dot Com. 360 00:20:42,600 --> 00:20:51,399 Speaker 1: This is Bloomberg Daybreak. He is six thirty on Wall Street. 361 00:20:51,400 --> 00:20:53,919 Speaker 1: Good morning, I'm John Tucker. I'm Nathan Hagar. We're just 362 00:20:53,960 --> 00:20:56,119 Speaker 1: about three hours away from the open of US trading. 363 00:20:56,160 --> 00:20:57,760 Speaker 1: Time for the five things you need to know to 364 00:20:57,880 --> 00:21:00,720 Speaker 1: start your day. Brought to you by Interactive Brokers Simple 365 00:21:00,760 --> 00:21:04,080 Speaker 1: ib KR Global Trader app. Deposit in your local currency 366 00:21:04,080 --> 00:21:06,520 Speaker 1: and trade stocks in the US, Europe and Asia. Start 367 00:21:06,520 --> 00:21:08,640 Speaker 1: your free trial at i b k R dot com 368 00:21:08,720 --> 00:21:12,960 Speaker 1: slash Global Trader at first. Voladimir z Lensky says Ukraine's 369 00:21:13,000 --> 00:21:16,160 Speaker 1: forces are still holding Russian troops at bay. The president 370 00:21:16,280 --> 00:21:18,720 Speaker 1: is also indicating his nation would hold a referendum on 371 00:21:18,760 --> 00:21:21,560 Speaker 1: the terms of any potential peace agreement with Russia's Zelensky 372 00:21:21,680 --> 00:21:25,400 Speaker 1: is addressing Italy's parliament right now. Meantime, President Biden says 373 00:21:25,520 --> 00:21:29,440 Speaker 1: Russia's use of hypersonic missiles against Ukraine as a sign 374 00:21:29,480 --> 00:21:33,200 Speaker 1: President Vladimir Putina is growing desperate. Now the President's warning 375 00:21:33,240 --> 00:21:39,320 Speaker 1: about possible cyber attacks. They've just launched their hypersonic missile 376 00:21:39,480 --> 00:21:42,080 Speaker 1: because it's the only thing that they can get through 377 00:21:42,119 --> 00:21:45,959 Speaker 1: with an absolute certainty. He was an anticipating in the 378 00:21:46,000 --> 00:21:50,680 Speaker 1: extent or strength of our unity, and the more his 379 00:21:50,840 --> 00:21:54,159 Speaker 1: back is against the wall, the greater severity of the 380 00:21:54,240 --> 00:21:58,040 Speaker 1: tactics he may employ. President Biden asking the US private 381 00:21:58,080 --> 00:22:02,320 Speaker 1: sector to quote, harden your cyber defense immediately. In China, meantime, 382 00:22:02,400 --> 00:22:05,080 Speaker 1: John investigators are still trying to figure out why China 383 00:22:05,119 --> 00:22:08,520 Speaker 1: Eastern Airlines Bowing jet suddenly fell from the sky yesterday. 384 00:22:08,600 --> 00:22:11,440 Speaker 1: That crash is believed to have killed all one thirty 385 00:22:11,440 --> 00:22:15,000 Speaker 1: two people on board. In response, China Eastern has grounded 386 00:22:15,000 --> 00:22:18,399 Speaker 1: its fleet of Boeing seven hundreds and journey to the 387 00:22:18,400 --> 00:22:21,880 Speaker 1: markets sell off in bonds that is deepening into the fench. Here, 388 00:22:21,960 --> 00:22:24,200 Speaker 1: j Pal struck a more hawkish tone of the central 389 00:22:24,240 --> 00:22:27,520 Speaker 1: banks campaign against the inflation. He's opening the door to 390 00:22:27,560 --> 00:22:30,880 Speaker 1: a fifty basis point hike at the Center Bank's upcoming meetings. 391 00:22:31,119 --> 00:22:33,679 Speaker 1: We will take the necessary steps to ensure a return 392 00:22:33,720 --> 00:22:37,320 Speaker 1: to price stability. In particular, if we conclude it is 393 00:22:37,359 --> 00:22:40,120 Speaker 1: appropriate to move more aggressively by raising the federal funds 394 00:22:40,200 --> 00:22:42,399 Speaker 1: rate by more than twenty five basis point at a 395 00:22:42,440 --> 00:22:45,280 Speaker 1: meeting or meetings, we will do so. And if we 396 00:22:45,359 --> 00:22:47,800 Speaker 1: determine that we need to tighten beyond common measures of 397 00:22:47,840 --> 00:22:51,000 Speaker 1: neutral into a more restrictive stance, will do that as well. 398 00:22:51,359 --> 00:22:53,760 Speaker 1: J Pala and other Feed officials the issue their next 399 00:22:53,760 --> 00:22:56,679 Speaker 1: policy decision. May fourth say to him for more on 400 00:22:56,760 --> 00:22:59,240 Speaker 1: the Feed this morning when we speak live with St. 401 00:22:59,280 --> 00:23:02,639 Speaker 1: Louis President and Jim Bullard. Hatch that conversation at eight 402 00:23:02,720 --> 00:23:06,000 Speaker 1: thirty a m. Wall Street Time on Bloomberg Radio and television. 403 00:23:06,200 --> 00:23:08,080 Speaker 1: And on the earnings front this morning, John Schers of 404 00:23:08,160 --> 00:23:10,840 Speaker 1: Nike are up nearly six percent in early trading. The 405 00:23:10,880 --> 00:23:15,879 Speaker 1: company's quarterly results topped estimates. Revenue outpaste expectations in all regions, 406 00:23:15,920 --> 00:23:19,399 Speaker 1: including Greater China, where sales fell less than predicted. And 407 00:23:19,440 --> 00:23:21,480 Speaker 1: that's the five things you need to know to start 408 00:23:21,520 --> 00:23:25,080 Speaker 1: your day. Brought to you by Interactive Brokers, SMP futures 409 00:23:25,119 --> 00:23:27,560 Speaker 1: up sixteen points, Staff futures up a hundred sixty four, 410 00:23:27,640 --> 00:23:30,920 Speaker 1: nastack futures up fifty points. Straight ahead, your latest local 411 00:23:30,960 --> 00:23:38,400 Speaker 1: headlines and a check of sports. This is Bloomberg. Thanks 412 00:23:38,480 --> 00:23:41,359 Speaker 1: Nathan sixty three on Wall Street PM. Let's bring in 413 00:23:41,400 --> 00:23:43,320 Speaker 1: Michael barn now to tell us what else is going 414 00:23:43,320 --> 00:23:46,320 Speaker 1: on in New York end around the world. Yeah, thank 415 00:23:46,359 --> 00:23:48,879 Speaker 1: you very much, sir. New York's top health official is 416 00:23:48,920 --> 00:23:52,639 Speaker 1: talking about the latest new O macron subvariant growing in 417 00:23:52,640 --> 00:23:56,920 Speaker 1: the state. State Health Commissioner Mary Bassett, we don't expect 418 00:23:56,960 --> 00:23:59,920 Speaker 1: to see a steep surge in cases in New York State. 419 00:24:00,760 --> 00:24:05,000 Speaker 1: Uh At the moment, b A two comprises about forty 420 00:24:05,040 --> 00:24:07,600 Speaker 1: two percent of all the cases here in the state. 421 00:24:07,800 --> 00:24:11,320 Speaker 1: Health Commissioner Bassett says though New York State averaged around 422 00:24:11,320 --> 00:24:14,720 Speaker 1: twenty one new COVID nineteen cases per day last week, 423 00:24:15,119 --> 00:24:18,679 Speaker 1: that is up from the previous week. New York Governor 424 00:24:18,760 --> 00:24:21,320 Speaker 1: Kathy Hokel I just wanted to know that we've never 425 00:24:21,400 --> 00:24:23,320 Speaker 1: taken our foot off the gas when it comes to 426 00:24:23,359 --> 00:24:27,159 Speaker 1: our preparedness for dealing with this pandemic. We never had 427 00:24:27,200 --> 00:24:29,679 Speaker 1: a high five moments that it's over. We're in a 428 00:24:29,720 --> 00:24:34,080 Speaker 1: new face. We've been adapting to the circumstances and reopening 429 00:24:34,080 --> 00:24:36,280 Speaker 1: in a way that I still believe should continue. That's 430 00:24:36,280 --> 00:24:39,320 Speaker 1: an important point to make. Governor Hlcal says. The number 431 00:24:39,320 --> 00:24:42,480 Speaker 1: of patients hospitalized with COVID nineteen and New York has 432 00:24:42,480 --> 00:24:46,480 Speaker 1: fallen from twelve thousand, seven hundred in early January two 433 00:24:46,480 --> 00:24:50,480 Speaker 1: around nine hundred. A Russian court has found jailed Kremlin 434 00:24:50,520 --> 00:24:54,320 Speaker 1: critic Alexi Nvolany guilty of large scale fraud. Volney is 435 00:24:54,359 --> 00:24:57,159 Speaker 1: already serving more than two years sentence in prison for 436 00:24:57,320 --> 00:25:02,400 Speaker 1: parole violations. Says the cases were fabricated. Supreme Court nominique 437 00:25:02,400 --> 00:25:05,480 Speaker 1: it's a Ji Brown. Jackson will face senators questions during 438 00:25:05,520 --> 00:25:08,560 Speaker 1: confirmation hearings to become the only black female justice in 439 00:25:08,600 --> 00:25:12,920 Speaker 1: the Court's history. Yesterday, Judge Jackson delivered her opening remarks 440 00:25:12,960 --> 00:25:16,880 Speaker 1: before the Judiciary Committee. If I am confirmed, I commit 441 00:25:16,960 --> 00:25:22,360 Speaker 1: to you that I will work productively to support and 442 00:25:22,440 --> 00:25:26,760 Speaker 1: defend the Constitution. Some Republicans charge that Jackson has been 443 00:25:26,760 --> 00:25:31,440 Speaker 1: too lenient in sentencing on criminal matters. Texas firefighters gained 444 00:25:31,440 --> 00:25:35,600 Speaker 1: the upper hand over historic wildfires as violent weather closed 445 00:25:35,600 --> 00:25:38,360 Speaker 1: in on urban centers and residents of Dallas and Austin 446 00:25:38,680 --> 00:25:42,560 Speaker 1: sought shelter from tornadoes. The largest cluster of blazes that 447 00:25:42,640 --> 00:25:45,719 Speaker 1: erupt at late last week west of the Dallas metro 448 00:25:45,920 --> 00:25:49,639 Speaker 1: area was contained. You may want to throw out this 449 00:25:49,760 --> 00:25:53,920 Speaker 1: lotion if you have it over possible bacteria contamination. People 450 00:25:53,960 --> 00:25:57,320 Speaker 1: are urged by the FDA to check their Jurgen's Ultra 451 00:25:57,440 --> 00:26:02,880 Speaker 1: Healing moisturizer bottles because they make contained bacterial contamination globals 452 00:26:02,880 --> 00:26:05,520 Speaker 1: twenty four hours a day on air and on Bloomberg 453 00:26:05,600 --> 00:26:08,639 Speaker 1: Quick Tank, powered by more than twenty seven hundred journalist 454 00:26:08,680 --> 00:26:11,199 Speaker 1: and analysts in more than a hundred twenty countries. I'm 455 00:26:11,240 --> 00:26:14,000 Speaker 1: Michael Barr, and this is Bloomberg. John alright, Michael, thank 456 00:26:14,000 --> 00:26:20,000 Speaker 1: you very much. Six six on Wall Street man that 457 00:26:20,080 --> 00:26:23,399 Speaker 1: signed to the Bloombergh Sports up tape. Here's John alright, 458 00:26:23,440 --> 00:26:25,840 Speaker 1: John Night. After the Utah Jazz beat the Knicks at 459 00:26:25,880 --> 00:26:27,679 Speaker 1: the Garden, they went to Brooklyn. They lost to the 460 00:26:27,720 --> 00:26:30,600 Speaker 1: Nets one, one, O six is Kevin Daurint scored thirty 461 00:26:30,680 --> 00:26:33,119 Speaker 1: seven points the season began, Durant thought he would be 462 00:26:33,160 --> 00:26:35,639 Speaker 1: part of a big three. Not the case. James Harden's 463 00:26:35,640 --> 00:26:37,960 Speaker 1: now in Philadelphia, traded for Ben Simmons, who was still 464 00:26:38,040 --> 00:26:40,480 Speaker 1: yet to play for Brooklyn to go back injury and 465 00:26:40,520 --> 00:26:42,760 Speaker 1: Kyrie every of course, only allowed to play on the road. 466 00:26:42,840 --> 00:26:46,199 Speaker 1: K D still hopeful that may change. Frustrated and being 467 00:26:46,240 --> 00:26:48,480 Speaker 1: able to play. And you know, when you figured this 468 00:26:48,520 --> 00:26:51,679 Speaker 1: stuff would be rolled back by now and we'd be 469 00:26:51,840 --> 00:26:55,840 Speaker 1: way past this. But it's the situation where we gotta 470 00:26:55,880 --> 00:26:57,560 Speaker 1: do with it. He's got to deal with it, and 471 00:26:57,600 --> 00:27:01,520 Speaker 1: we were, you know, on trusting that it will get accepted. 472 00:27:01,560 --> 00:27:04,200 Speaker 1: Irving seems determined not to get the vaccine. The city 473 00:27:04,240 --> 00:27:06,720 Speaker 1: hall seems dug in on not making an exception to 474 00:27:06,760 --> 00:27:09,680 Speaker 1: the private sector in person mandate. There are believed to 475 00:27:09,720 --> 00:27:13,240 Speaker 1: be unvaccinated me and Yankee players. This could affect them too. 476 00:27:13,560 --> 00:27:15,800 Speaker 1: Mets lost to the Marlins with Max Scherzer was sharp 477 00:27:15,880 --> 00:27:18,720 Speaker 1: and five innings. Yankstet the Phillies. Another big name quarterback 478 00:27:18,760 --> 00:27:22,240 Speaker 1: got traded, Matt Ryan, fourteen years with Atlanta, fourt time 479 00:27:22,280 --> 00:27:24,600 Speaker 1: Pro bowler at one time m v P sent to 480 00:27:24,680 --> 00:27:27,440 Speaker 1: Indianapolis for a third round draft pick. The Falcons. Then 481 00:27:27,440 --> 00:27:30,760 Speaker 1: stein free agent QB Marcus Mariota New Orleans, sticking with 482 00:27:30,880 --> 00:27:33,760 Speaker 1: Jamis Winston. He'll be signed with the Saints Kevin Willard 483 00:27:33,840 --> 00:27:36,160 Speaker 1: leaving Seaton Hall to be the new coach at Maryland. 484 00:27:36,200 --> 00:27:39,880 Speaker 1: Shaheen Holloway already seen as the likely favorite to replace Willard. 485 00:27:40,160 --> 00:27:42,600 Speaker 1: Holloway is a former Seaton Hall player who has coached St. 486 00:27:42,600 --> 00:27:45,200 Speaker 1: Peter's on the n C Double A Sweet sixteen. As 487 00:27:45,240 --> 00:27:47,679 Speaker 1: of now, Phil Mickelson is not going to play the 488 00:27:47,760 --> 00:27:50,440 Speaker 1: upcoming Masters. He recently said he was taking time off. 489 00:27:50,480 --> 00:27:54,600 Speaker 1: He has played in every Master since. John stash Atward 490 00:27:54,600 --> 00:28:00,720 Speaker 1: Bloomberg Sports. John and take a look at some of 491 00:28:00,760 --> 00:28:03,920 Speaker 1: the names that are moving in the pre market, and 492 00:28:03,960 --> 00:28:07,160 Speaker 1: for that we're joined by Bloomberg Radio and TV markets 493 00:28:07,160 --> 00:28:10,440 Speaker 1: correspondent critic Grouped. So um, let's start off with the 494 00:28:10,520 --> 00:28:14,000 Speaker 1: name that we focused on yesterday. At this time, Yeah, 495 00:28:14,040 --> 00:28:16,560 Speaker 1: Boeing is very much in the spotlight as we get 496 00:28:16,600 --> 00:28:20,879 Speaker 1: more details around the really devastating Chinese plane crash over there. 497 00:28:20,920 --> 00:28:25,600 Speaker 1: Remember this was operated by the Chinese China Eastern Airlines UM, 498 00:28:25,680 --> 00:28:27,760 Speaker 1: but this was not the seven thirty seven Max. This 499 00:28:27,920 --> 00:28:31,160 Speaker 1: is the predecessor of that model. Nevertheless, Bowing Shots took 500 00:28:31,200 --> 00:28:33,800 Speaker 1: quite the hit yesterday and today they're actually up two 501 00:28:33,800 --> 00:28:36,600 Speaker 1: tents of a percent, but that's not because of positive news. 502 00:28:36,680 --> 00:28:38,680 Speaker 1: Just a very normal reaction when you have such a 503 00:28:38,680 --> 00:28:40,920 Speaker 1: big sell off the day before. That being said, I 504 00:28:41,000 --> 00:28:43,800 Speaker 1: wanted to very quickly look at Bowing stock in particular 505 00:28:43,800 --> 00:28:46,600 Speaker 1: because one of the big ramifications of this story is 506 00:28:46,600 --> 00:28:50,000 Speaker 1: whether or not it gets regulatory approval from China to 507 00:28:50,080 --> 00:28:52,720 Speaker 1: on ground the seven thirty seven max, which, by the way, 508 00:28:52,920 --> 00:28:55,680 Speaker 1: the seven thirty seven family makes up most of Boeing's revenue, 509 00:28:55,880 --> 00:28:57,680 Speaker 1: So this is a really big deal. We've already had 510 00:28:57,680 --> 00:28:59,480 Speaker 1: the ungrounding at the f a A in the United 511 00:28:59,480 --> 00:29:01,440 Speaker 1: States and the e A s A, which is the 512 00:29:01,480 --> 00:29:05,520 Speaker 1: European Aviation Authority, but China is kind of the last 513 00:29:06,360 --> 00:29:09,560 Speaker 1: person or last authority to kind of give that green light, 514 00:29:09,600 --> 00:29:11,600 Speaker 1: and they haven't yet, and this actually kind of puts 515 00:29:11,640 --> 00:29:13,360 Speaker 1: a little bit of a wrench into things. I want 516 00:29:13,360 --> 00:29:15,560 Speaker 1: to throw some numbers out here. I'm sorry I'm nerding out, 517 00:29:15,600 --> 00:29:18,360 Speaker 1: but trust me, it'll be worth it. John welcome that 518 00:29:18,960 --> 00:29:23,800 Speaker 1: he's rolling his eyes at me best. But what's interesting 519 00:29:23,840 --> 00:29:26,920 Speaker 1: to me is that the revenue you got from China 520 00:29:27,280 --> 00:29:31,520 Speaker 1: for Boeing, it was percent of Boeing's entire revenue in 521 00:29:32,480 --> 00:29:35,240 Speaker 1: now it's only three percent, and a lot of that 522 00:29:35,320 --> 00:29:37,400 Speaker 1: is simply a function of the fact that China hasn't 523 00:29:37,440 --> 00:29:40,240 Speaker 1: given the go ahead. Five years ago, John, this was 524 00:29:40,320 --> 00:29:43,160 Speaker 1: a four d dollar stock. It is now struggling to 525 00:29:43,200 --> 00:29:45,920 Speaker 1: stay above two hundreds, so once again halved in just 526 00:29:46,080 --> 00:29:48,440 Speaker 1: three years. I thought i'd share that little tidbit with you. 527 00:29:48,640 --> 00:29:53,400 Speaker 1: All right, let's move on to UM Sneakers, Sneakers, Sneakers, 528 00:29:53,520 --> 00:29:59,360 Speaker 1: Nike and Kase your takerning. I heard that's what the 529 00:29:59,440 --> 00:30:02,760 Speaker 1: Germans do. Um. It's it's good that we're not talking 530 00:30:02,760 --> 00:30:07,600 Speaker 1: about Adidas or Adidas. Say I'm gonna sick of Adidas. 531 00:30:07,600 --> 00:30:10,320 Speaker 1: I grew up with the guy's name, so technically it 532 00:30:10,480 --> 00:30:13,760 Speaker 1: is Addi Dos. But in this country we say even 533 00:30:13,800 --> 00:30:16,920 Speaker 1: the company in this country says Adidas. So I'm gonna 534 00:30:16,920 --> 00:30:20,080 Speaker 1: stick with Nike. It's an easier one up six percent 535 00:30:20,360 --> 00:30:23,160 Speaker 1: n K, easier taker. They had some pretty blockbuster earnings, 536 00:30:23,160 --> 00:30:25,880 Speaker 1: so this is a pretty natural reactions. By talking about 537 00:30:25,920 --> 00:30:28,680 Speaker 1: some of the supply chain headwinds of shipping issues, Nike 538 00:30:28,840 --> 00:30:30,440 Speaker 1: really still kind of blowing it out of the water. 539 00:30:30,600 --> 00:30:32,280 Speaker 1: The other stock you want to quickly get to was 540 00:30:32,320 --> 00:30:35,160 Speaker 1: Ali Baba b A b A is your taker up 541 00:30:35,240 --> 00:30:38,760 Speaker 1: nine percent this morning in free market trading after ramping 542 00:30:38,800 --> 00:30:42,040 Speaker 1: up at share buyback program to twenty five billion dollars. 543 00:30:42,080 --> 00:30:45,160 Speaker 1: Of course, this comes after a pretty big regulatory crackdown 544 00:30:45,200 --> 00:30:47,920 Speaker 1: the wiped out four hundred and seventy billion dollars of 545 00:30:47,960 --> 00:30:50,480 Speaker 1: the e commerce giants value. So perhaps a little bit 546 00:30:50,520 --> 00:30:54,520 Speaker 1: of by the dip there. Yeah, absolutely Bloomberg Radio and 547 00:30:54,600 --> 00:30:56,800 Speaker 1: TV market squarres by a pretty group with pretty thanks 548 00:30:56,800 --> 00:30:59,240 Speaker 1: a lot. Appreciate it and uh, looking at stocks as 549 00:30:59,280 --> 00:31:01,960 Speaker 1: a whole out of the open, we have ins and 550 00:31:02,000 --> 00:31:05,560 Speaker 1: P futures right now they are higher up sixteen points 551 00:31:05,560 --> 00:31:08,760 Speaker 1: as a four tens of a percent, the deal futures 552 00:31:08,800 --> 00:31:12,400 Speaker 1: up one sixty nine points, and Nazak futures they're fifty 553 00:31:12,440 --> 00:31:15,240 Speaker 1: points higher. A different story in the bomb market tenure 554 00:31:15,320 --> 00:31:21,480 Speaker 1: yield right now two point three. This is Bloomberg and 555 00:31:21,600 --> 00:31:26,200 Speaker 1: Bloomberg weather for today for a meteorologist, Rob Caroline. Clouds 556 00:31:26,240 --> 00:31:28,760 Speaker 1: and some sunshine, especially north of the city. The high 557 00:31:28,760 --> 00:31:32,720 Speaker 1: temperature topic out around sixty tomorrow, cloudy cores, showers in 558 00:31:32,760 --> 00:31:39,400 Speaker 1: the afternoon. The high fifty markets headlines and breaking news 559 00:31:39,480 --> 00:31:42,120 Speaker 1: twenty four hours a day at Bloomberg dot Com, the 560 00:31:42,160 --> 00:31:45,680 Speaker 1: Bloomberg Business at and at Bloomberg Quicktape. This is a 561 00:31:45,720 --> 00:31:54,680 Speaker 1: Bloomberg Business Flash I Nathan Hagar futures are moving higher, 562 00:31:54,760 --> 00:31:56,680 Speaker 1: so our bond yields. Let's head right over the first 563 00:31:56,720 --> 00:31:59,360 Speaker 1: word breaking news. Descret today's morning call with Bill Maloney. 564 00:31:59,400 --> 00:32:03,000 Speaker 1: Good morning, Bill, Hey, good morning, Nathan. US futures are 565 00:32:03,000 --> 00:32:04,680 Speaker 1: in the green right now, with Doubt futures up a 566 00:32:04,720 --> 00:32:08,040 Speaker 1: hundred and sentifive points. SUPs gained seventeen well. Nesteck features 567 00:32:08,320 --> 00:32:11,200 Speaker 1: are up by fifty two. The US ten year old 568 00:32:11,200 --> 00:32:14,080 Speaker 1: at two point three four percent. Gold is down seven 569 00:32:14,080 --> 00:32:17,240 Speaker 1: but Bitcoin just trading higher by four percent. Hong Kong 570 00:32:17,360 --> 00:32:19,760 Speaker 1: rose three point two percent overnight, while up and markets 571 00:32:19,760 --> 00:32:22,240 Speaker 1: are also in the green, led by one percent gains 572 00:32:22,240 --> 00:32:24,720 Speaker 1: in Germany. Back in the US on the economic front. 573 00:32:24,720 --> 00:32:27,640 Speaker 1: At ten o'clock, a Richmond fed and after the Bella's night, 574 00:32:27,720 --> 00:32:30,440 Speaker 1: Nike sales speed estmates. The stock is up six percent 575 00:32:30,600 --> 00:32:32,960 Speaker 1: in the pre market, and Ali Baba says they are 576 00:32:33,040 --> 00:32:36,680 Speaker 1: hiking buybacks to five billion. Those shares are up nine 577 00:32:36,680 --> 00:32:39,600 Speaker 1: percent pre market, Wrapping things up, all Threo was raised 578 00:32:39,640 --> 00:32:42,040 Speaker 1: to buy over at Bowman Sax, but Philip Morris was 579 00:32:42,120 --> 00:32:45,800 Speaker 1: cut to neutral. Live from the first breaking newsscon, Bill Maloney, 580 00:32:45,880 --> 00:32:48,280 Speaker 1: Nathan Okay Bill thanks to your live breaking news over 581 00:32:48,280 --> 00:32:51,400 Speaker 1: your Bloomberg type squawk on your terminal s q U 582 00:32:51,600 --> 00:32:54,280 Speaker 1: A go, that's a Bloomberg business flash. And now here's 583 00:32:54,280 --> 00:32:56,840 Speaker 1: Michael barr Loo's more on what's going on around the world. Michael, 584 00:32:57,200 --> 00:33:00,200 Speaker 1: thank you very much, Nathan, and Russia is refocusing its 585 00:33:00,240 --> 00:33:03,800 Speaker 1: military campaign in Ukraine on the east and above all 586 00:33:03,960 --> 00:33:08,640 Speaker 1: the port city of Maryupol. Ukraine's president Volodimir Zelinski has 587 00:33:08,680 --> 00:33:11,479 Speaker 1: described the assault as a war crime that will be 588 00:33:11,520 --> 00:33:15,520 Speaker 1: remembered for centuries. A Russian court has found Kromlin critic 589 00:33:15,600 --> 00:33:19,800 Speaker 1: Alexi Volney guilty of fraud. Volny has dismissed the case 590 00:33:19,880 --> 00:33:23,240 Speaker 1: as politically motivated. Valoti, already facing a two and a 591 00:33:23,320 --> 00:33:27,280 Speaker 1: half year sentence, could face an additional thirteen years win 592 00:33:27,440 --> 00:33:31,800 Speaker 1: sentence for this case. Supreme Court Nominiqueatanji Brown Jackson will 593 00:33:31,800 --> 00:33:35,280 Speaker 1: face Senators questions for the first time as Democrats pushed 594 00:33:35,400 --> 00:33:38,840 Speaker 1: quickly confirm the only black female justice in the Court's history. 595 00:33:39,240 --> 00:33:42,080 Speaker 1: In the NBA, the Nets and Celtics won, the Wizards lost. 596 00:33:42,160 --> 00:33:45,160 Speaker 1: In the NHL, the Bruins beat the Canadians in overtime. 597 00:33:45,240 --> 00:33:48,120 Speaker 1: Three to Global News twenty four hours a day on 598 00:33:48,280 --> 00:33:51,840 Speaker 1: here and on Bloomberg Quicktake powered by more than twenty 599 00:33:51,920 --> 00:33:55,400 Speaker 1: seven under journalists and analysts in more than one twenty countries. 600 00:33:55,400 --> 00:33:58,400 Speaker 1: I'm Michael bar This is Bloomberg. Nathan Okay, Michael. Thanks, 601 00:33:58,440 --> 00:34:01,160 Speaker 1: It's sixty nine on a street. Let's turn to news 602 00:34:01,200 --> 00:34:03,560 Speaker 1: and science and technology now with the Bloomberg n j 603 00:34:03,720 --> 00:34:05,960 Speaker 1: I T STEM Report. It's brought to you by New 604 00:34:06,040 --> 00:34:08,960 Speaker 1: Jersey Institute of Technology, ranked in the top two percent 605 00:34:09,080 --> 00:34:12,160 Speaker 1: nationally for alumni mid career earnings and number one in 606 00:34:12,160 --> 00:34:15,080 Speaker 1: the nation for student upward economic mobility. More at n 607 00:34:15,200 --> 00:34:18,120 Speaker 1: j I T dot e d U. Now Here's what's 608 00:34:18,160 --> 00:34:22,120 Speaker 1: making news and science, technology, engineering, and math. Japan's government 609 00:34:22,120 --> 00:34:25,880 Speaker 1: has alerted the Tokyo region of potential blackouts. Power supplies 610 00:34:25,880 --> 00:34:29,560 Speaker 1: are low after several coal fired plants temporarily stopped generating 611 00:34:29,560 --> 00:34:33,960 Speaker 1: electricity following last week's earthquake. The rare alert calls on 612 00:34:34,080 --> 00:34:38,000 Speaker 1: households and companies to conserve power. It's coinciding with snow 613 00:34:38,520 --> 00:34:41,960 Speaker 1: and unusually cold weather for early spring in Tokyo, which 614 00:34:41,960 --> 00:34:45,480 Speaker 1: has been prompting people to use heaters. The magnitude seven 615 00:34:45,520 --> 00:34:48,440 Speaker 1: four quake off the coast of Fukushima last week killed 616 00:34:48,480 --> 00:34:50,760 Speaker 1: four people and injured more than two and thirty others. 617 00:34:51,200 --> 00:34:54,120 Speaker 1: A drive to vaccinate more than nine million children against 618 00:34:54,280 --> 00:34:57,400 Speaker 1: polio has been launched this week in four countries in 619 00:34:57,440 --> 00:35:00,400 Speaker 1: southern and Eastern Africa after an outbreak was in firmed 620 00:35:00,400 --> 00:35:03,319 Speaker 1: in Malawi. Three more rounds of vaccinations will follow in 621 00:35:03,320 --> 00:35:05,799 Speaker 1: the coming months. The goal is to reach more than 622 00:35:05,800 --> 00:35:09,800 Speaker 1: twenty million children. And Apple has resolved a widespread network 623 00:35:09,840 --> 00:35:13,200 Speaker 1: outage that knocked services like Apple Music, iCloud in the 624 00:35:13,239 --> 00:35:17,520 Speaker 1: App Store offline yesterday for some users. The outage hindered 625 00:35:17,560 --> 00:35:21,280 Speaker 1: product repairs, swaps and item pickups, and it limited corporate 626 00:35:21,280 --> 00:35:26,560 Speaker 1: workers ability to communicate and access internal websites. But Apple 627 00:35:26,760 --> 00:35:29,239 Speaker 1: has resolved that outage. Now that's the Bloomberg and j 628 00:35:29,400 --> 00:35:32,240 Speaker 1: I T Stem Report. John, all right, thank you, Nathan. 629 00:35:32,320 --> 00:35:34,960 Speaker 1: We are live for the Bloomberg Interact to Brokers Studios 630 00:35:34,960 --> 00:35:37,680 Speaker 1: where it is now six fifty one on Wall Street. 631 00:35:38,239 --> 00:35:40,480 Speaker 1: That's time to check what's going on in d C. 632 00:35:41,000 --> 00:35:43,080 Speaker 1: Has Some of the top stories out of the nation's 633 00:35:43,120 --> 00:35:47,000 Speaker 1: capital include President Biden sees the risk of a Russian 634 00:35:47,120 --> 00:35:51,280 Speaker 1: cyber attack on the US has sanctions bite against Russia. 635 00:35:51,680 --> 00:35:55,839 Speaker 1: The President also says the hypersonic missile deployment shows desperation 636 00:35:55,880 --> 00:35:59,560 Speaker 1: on the plart of Vladimir Putin and the oil thirst 637 00:35:59,719 --> 00:36:03,080 Speaker 1: is worsening the president to pivot the US back to 638 00:36:03,120 --> 00:36:07,320 Speaker 1: Saudi Arabia. And also Judge Jackson promises a neutral posture 639 00:36:07,440 --> 00:36:11,680 Speaker 1: after the approach to deciding cases. Of course, the confirmation 640 00:36:11,719 --> 00:36:15,120 Speaker 1: hearings getting underway on Capitol Hill. Let's take a deeper 641 00:36:15,160 --> 00:36:17,239 Speaker 1: diving into some of these stories this Morning with Joe 642 00:36:17,280 --> 00:36:20,840 Speaker 1: Matthew hosted Bloomberg sound On, heard weekdays at five pm 643 00:36:21,120 --> 00:36:24,759 Speaker 1: on Bloomberg Radio. Joe, let's start off with the warnings 644 00:36:24,800 --> 00:36:28,040 Speaker 1: being delivered by a President Biden. It sounds like it 645 00:36:28,120 --> 00:36:30,839 Speaker 1: really expects something to happen as Russia kind of gets 646 00:36:30,840 --> 00:36:33,719 Speaker 1: a little more desperate. It's interesting because we keep hearing 647 00:36:33,760 --> 00:36:36,279 Speaker 1: there's no specific threat. We can't even tell you that 648 00:36:36,360 --> 00:36:39,680 Speaker 1: it's necessarily going to happen, but we're warning you that 649 00:36:39,760 --> 00:36:42,839 Speaker 1: it's probably going to happen. That was the messaging from 650 00:36:42,840 --> 00:36:45,200 Speaker 1: the White House yesterday, not just from the President. We 651 00:36:45,280 --> 00:36:47,520 Speaker 1: got a written a statement from the President, but also 652 00:36:47,560 --> 00:36:50,840 Speaker 1: the second in charge and New Burger, Deputy National Security 653 00:36:50,880 --> 00:36:54,759 Speaker 1: Advisor for cyber specializes on this and actually walked into 654 00:36:54,760 --> 00:36:57,320 Speaker 1: the briefing room with the Press Secretary yesterday to really 655 00:36:57,440 --> 00:37:00,920 Speaker 1: underscore uh, this call to act, as she called it. 656 00:37:00,960 --> 00:37:05,920 Speaker 1: They want companies and owners of critical infrastructure to accelerate 657 00:37:05,960 --> 00:37:08,480 Speaker 1: efforts to in in, in the words of the President, 658 00:37:08,600 --> 00:37:12,000 Speaker 1: lock their digital doors right, harden their defenses because they 659 00:37:12,000 --> 00:37:14,759 Speaker 1: believe something is coming and no one seems to be 660 00:37:14,840 --> 00:37:19,000 Speaker 1: able to quantify John what the White House response would be, Yeah, 661 00:37:19,040 --> 00:37:22,560 Speaker 1: and we know that Russia is very very good, very 662 00:37:22,600 --> 00:37:26,919 Speaker 1: accomplished that cyber attacks. Yes, And the thing is we have, uh, 663 00:37:26,960 --> 00:37:29,560 Speaker 1: we have great capabilities of this area. We've really never 664 00:37:29,600 --> 00:37:32,200 Speaker 1: shown them, at least not on purpose. And and there 665 00:37:32,200 --> 00:37:33,719 Speaker 1: are a lot of questions about, well, what would a 666 00:37:33,800 --> 00:37:36,959 Speaker 1: cyber retaliation look like if they come here to knock 667 00:37:37,000 --> 00:37:39,279 Speaker 1: the lights out or steal data? What could we do 668 00:37:39,440 --> 00:37:44,120 Speaker 1: to Russia? And it does make the imagination start to want, Yeah, 669 00:37:44,200 --> 00:37:48,080 Speaker 1: maybe the future of warfare as well. That the hypersonic 670 00:37:48,200 --> 00:37:51,719 Speaker 1: missiles that have been deployed by Russia against Ukraine, the 671 00:37:51,760 --> 00:37:54,080 Speaker 1: President also weighing in on that, what are you saying? 672 00:37:54,239 --> 00:37:57,120 Speaker 1: They call them dagger missiles. They fly more than five 673 00:37:57,160 --> 00:37:59,440 Speaker 1: times the speed of sound. This particular model that Russia 674 00:37:59,480 --> 00:38:02,200 Speaker 1: fired is about ten times the speed of sound, which 675 00:38:02,200 --> 00:38:06,040 Speaker 1: makes it essentially impossible to stop them. The point here, though, 676 00:38:06,120 --> 00:38:08,919 Speaker 1: is as this gets bogged down into a stalemate Russia. 677 00:38:09,000 --> 00:38:12,800 Speaker 1: According to the Pentagon, the administration is using much longer range, 678 00:38:12,840 --> 00:38:17,320 Speaker 1: more destructive weapons like these missiles and like cruise missiles 679 00:38:17,360 --> 00:38:19,520 Speaker 1: as we've seen more recently, as well as opposed to 680 00:38:19,560 --> 00:38:23,000 Speaker 1: tanks rolling into keyv We've seen ground forces bogged down 681 00:38:23,040 --> 00:38:26,160 Speaker 1: on such a level that this desperation, as you refer 682 00:38:26,280 --> 00:38:29,600 Speaker 1: to the President describing, is causing them to to to 683 00:38:29,760 --> 00:38:34,560 Speaker 1: start launching weapons from much further distances and with much 684 00:38:34,600 --> 00:38:37,960 Speaker 1: deadlier effects. The stuff that we've seen, the images from 685 00:38:38,000 --> 00:38:41,360 Speaker 1: Maripoul and from other cities, has just been absolutely horrifying, 686 00:38:41,360 --> 00:38:45,440 Speaker 1: and we've got a massive humanitarian crisis underway as a result. 687 00:38:45,560 --> 00:38:48,160 Speaker 1: All Right, We've all seen the pain at the pump 688 00:38:48,239 --> 00:38:52,080 Speaker 1: as we fill up our automobiles, the oil thirst that 689 00:38:52,239 --> 00:38:57,320 Speaker 1: the United States is thirsting for the oil, I should say, 690 00:38:57,360 --> 00:39:00,239 Speaker 1: because of Ukraine. That's forcing the President to pivot act 691 00:39:00,239 --> 00:39:03,520 Speaker 1: to Saudi Arabia. And I gotta say, Joe Biden does 692 00:39:03,560 --> 00:39:07,399 Speaker 1: not exactly have a great relationship with the Saudi crown Prince. Well, 693 00:39:07,440 --> 00:39:09,920 Speaker 1: when you spend a couple of months on the campaign trail, 694 00:39:10,000 --> 00:39:12,919 Speaker 1: calling somebody a pariah. They might not return your phone 695 00:39:12,960 --> 00:39:15,600 Speaker 1: call when you need a favor. Uh. And it's unclear 696 00:39:15,640 --> 00:39:18,080 Speaker 1: exactly how this is gonna end. Look, we've got pretty 697 00:39:18,120 --> 00:39:19,919 Speaker 1: bad choices right when it comes to this. You want 698 00:39:19,920 --> 00:39:22,239 Speaker 1: to call Iran, you want to call Venezuela, or you 699 00:39:22,280 --> 00:39:25,200 Speaker 1: want to call Saudi Arabia. We understand that there have 700 00:39:25,360 --> 00:39:29,759 Speaker 1: been some overtures. Three people familiar with this telling Bloomberg 701 00:39:29,800 --> 00:39:32,680 Speaker 1: the two sides trying to arrange a call between the 702 00:39:32,680 --> 00:39:35,360 Speaker 1: President and the Crown Prince for the first time. But 703 00:39:35,480 --> 00:39:38,520 Speaker 1: it's going to take time. And of course, John, that's 704 00:39:38,560 --> 00:39:41,919 Speaker 1: the one thing we don't really have. And to be sure, 705 00:39:41,960 --> 00:39:45,000 Speaker 1: the Saudi Crown Prince is is no angel. Um. Hey, 706 00:39:45,080 --> 00:39:49,560 Speaker 1: let's move on to another strained journalist. Yes, yeah, yeah, exactly. Um. 707 00:39:49,640 --> 00:39:54,839 Speaker 1: In in Washington, the confirmation hearing is for Judge Jackson. Um, 708 00:39:54,880 --> 00:39:57,560 Speaker 1: what's happened so far and where are we headed? Well, 709 00:39:57,560 --> 00:40:00,520 Speaker 1: we got started formally yesterday that the first day is 710 00:40:00,520 --> 00:40:03,320 Speaker 1: all about introductions, opening statements. It's kind of a grind, 711 00:40:03,360 --> 00:40:05,480 Speaker 1: a lot of listening to people talking. We're gonna be 712 00:40:05,480 --> 00:40:08,319 Speaker 1: doing more listening today. But this is when we get 713 00:40:08,360 --> 00:40:11,120 Speaker 1: to the actual business at hand. Today and tomorrow are 714 00:40:11,160 --> 00:40:14,560 Speaker 1: the questions. There are twenty two members on the Judiciary Committee, 715 00:40:14,719 --> 00:40:18,280 Speaker 1: half of them Republicans. Everybody gets fifty minutes, so almost 716 00:40:18,280 --> 00:40:21,360 Speaker 1: an hour each, which means it's gonna go well into tomorrow, 717 00:40:21,480 --> 00:40:24,960 Speaker 1: eighteen nineteen hours of questioning. But anyone who has come 718 00:40:25,040 --> 00:40:27,640 Speaker 1: this far as a Supreme Court nominee has been very 719 00:40:27,680 --> 00:40:30,319 Speaker 1: carefully prepared, and based on the opening statements we we 720 00:40:30,360 --> 00:40:31,960 Speaker 1: heard yesterday, we have a sense of where this is 721 00:40:31,960 --> 00:40:34,399 Speaker 1: gonna go. A lot of Republican members want to paint 722 00:40:34,520 --> 00:40:37,920 Speaker 1: Catangi Brown Jackson has soft on crime. They're questioning her 723 00:40:38,000 --> 00:40:41,720 Speaker 1: rulings in child porn cases, her sentences as a judge, 724 00:40:41,760 --> 00:40:45,480 Speaker 1: and her defense of some guanzanim obey detainees. She spent 725 00:40:45,560 --> 00:40:47,840 Speaker 1: time as a public defender. And all of this is 726 00:40:47,840 --> 00:40:50,719 Speaker 1: gonna come together through the eyes of Republicans who are 727 00:40:50,760 --> 00:40:54,120 Speaker 1: still very sore about the Kavanaugh hearings. We heard multiple 728 00:40:54,200 --> 00:40:58,520 Speaker 1: references to Kavanaugh and what this hearing would not be 729 00:40:58,760 --> 00:41:02,240 Speaker 1: according to Republicans. Let's find out together what it becomes today, 730 00:41:02,400 --> 00:41:04,680 Speaker 1: and you're going to be there watching it all. Joe Matthew, 731 00:41:04,800 --> 00:41:08,319 Speaker 1: host of Bloomberg Sound on her weekdays at five pm 732 00:41:08,400 --> 00:41:10,600 Speaker 1: on Bloomberg Radio. Thanks a lot. You can read more 733 00:41:10,600 --> 00:41:13,760 Speaker 1: about these stories Bloomberg dot Com or the Bloomberg Terminal. 734 00:41:13,880 --> 00:41:16,040 Speaker 1: And a reminder you can follow all the latest on 735 00:41:16,040 --> 00:41:19,680 Speaker 1: Bloomberg Radio in Washington. That's Bloomberg one of five point 736 00:41:19,760 --> 00:41:22,719 Speaker 1: seven f m h D two Nathan Okay, John Thanks 737 00:41:22,719 --> 00:41:26,000 Speaker 1: six fifty six on Wall Street. This is Bloomberg Daybreak. 738 00:41:26,120 --> 00:41:28,799 Speaker 1: March is Women's History Month, and every day this month 739 00:41:28,840 --> 00:41:31,799 Speaker 1: for celebrating significant moments in women's history. And with your 740 00:41:31,840 --> 00:41:35,480 Speaker 1: installment for March twenty two, here's Bloomberg Journey Too Young 741 00:41:35,840 --> 00:41:38,719 Speaker 1: one This day in Women's History. In sixteen thirty eight, 742 00:41:39,000 --> 00:41:42,920 Speaker 1: Anne Hutchinson's banished from the Massachusetts Bay Colony for her 743 00:41:42,960 --> 00:41:47,040 Speaker 1: religious teachings. She began hosting theological discussions in her home 744 00:41:47,080 --> 00:41:50,960 Speaker 1: when she moved to Boston. Hutchinson criticized clergy, who at 745 00:41:50,960 --> 00:41:54,920 Speaker 1: the time promoted a deed based theology. She advocated that 746 00:41:54,960 --> 00:41:59,440 Speaker 1: salvation was assured only through grace, but Puritan authorities, who 747 00:41:59,440 --> 00:42:03,320 Speaker 1: were threat by her teachings, charged her with heresy and sedition. 748 00:42:03,760 --> 00:42:07,040 Speaker 1: Hutchinson was later convicted of blasphemy and the judgment was 749 00:42:07,120 --> 00:42:11,680 Speaker 1: banishment from the Massachusetts Bay Colony. That's today in women's history. 750 00:42:11,800 --> 00:42:15,960 Speaker 1: I'm Nita Young, Bloomberg Radio. Alright, Nita, thank you. Futures 751 00:42:15,960 --> 00:42:18,600 Speaker 1: are moving higher along with bond yields this morning. We 752 00:42:18,680 --> 00:42:21,480 Speaker 1: have SMP futures up sixteen point, staff futures up a 753 00:42:21,520 --> 00:42:24,839 Speaker 1: hundred seventy NASDAC futures are higher by fifty points. It ten. 754 00:42:24,920 --> 00:42:27,719 Speaker 1: Your treasury is down fourteen thirty seconds. The yield two 755 00:42:27,719 --> 00:42:29,600 Speaker 1: point three or four percent yield on the two year 756 00:42:29,680 --> 00:42:32,440 Speaker 1: two point one six percent nime X scrude is down 757 00:42:32,480 --> 00:42:35,120 Speaker 1: about one percent or a dollar seven at a hundred 758 00:42:35,120 --> 00:42:38,600 Speaker 1: eleven dollars five cents of barrel. Much more to come 759 00:42:38,640 --> 00:42:42,400 Speaker 1: on Bloomberg Surveillance this morning with Jonathan Pararell, Lisa A. Brahmowitz, 760 00:42:42,440 --> 00:42:46,719 Speaker 1: and Kaylee Lines for John Tucker. I'm Nathan Hagar. This 761 00:42:47,200 --> 00:42:47,920 Speaker 1: is Bloomberg