WEBVTT - Bloomberg Daybreak: March 22, 2022 - Hour 2 (Radio) 0:00:02.840 --> 0:00:06.400 Live from the Bloomberg Interactive Broker Studios. This is Bloomberg 0:00:06.480 --> 0:00:10.479 day Break for Tuesday, March two. Coming up this hour, 0:00:10.760 --> 0:00:13.960 Ukraine offers peace talks to Moscow as it holds Russian 0:00:14.000 --> 0:00:17.800 troops at Bay. President Biden issues of warning on Vladimir Putin, 0:00:17.920 --> 0:00:21.720 saying the leaders becoming increasingly desperate and questions remain un 0:00:21.840 --> 0:00:25.080 answered on that deadly plane crash in China. New York's 0:00:25.079 --> 0:00:27.560 top health officials says she doesn't expect to see a 0:00:27.600 --> 0:00:31.200 steep surge in COVID nineteen cases. Plus Supreme Court nominee 0:00:31.280 --> 0:00:35.280 Jackson faces senator's questions today. I'm Michael Barer. More ahead, 0:00:35.440 --> 0:00:38.200 I'm John stashdown Sports cabin Urrant and the Nats beat 0:00:38.240 --> 0:00:41.159 the Jazz in Brooklyn and another big name quarterback is 0:00:41.200 --> 0:00:46.440 on the move. That's all straight ahead on Bloomberg day 0:00:46.440 --> 0:00:51.440 Break on Bloomberg Hillmen Trio, New York, Bloomberg nine one, Washington, 0:00:51.560 --> 0:00:55.639 d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, 0:00:55.640 --> 0:00:59.640 San Francisco, Sirius x M one nineteen and around the 0:00:59.680 --> 0:01:07.800 world Down Bloomberg Radio dot Com and via The Bloomberg Business. 0:01:07.800 --> 0:01:11.200 Good Morning Up, John, Tucker Nathan Hager. US futures are 0:01:11.280 --> 0:01:13.400 moving higher on this Tuesday morning. We're coming up to 0:01:13.480 --> 0:01:15.440 six o one on Wall Street. We checked the market's 0:01:15.440 --> 0:01:18.320 every fifteen minutes during the trading day. On bloomberg SMP 0:01:18.400 --> 0:01:20.680 futures are up fourteen point Staff futures up a hundred 0:01:20.680 --> 0:01:23.200 thirty eight. Esse AT futures higher by forty five points. 0:01:23.360 --> 0:01:25.520 The decks in Germany is up one point one percent. 0:01:25.560 --> 0:01:27.720 That can't compare us up eight tenths of one percent. 0:01:28.000 --> 0:01:30.600 Send your treasury is down fifteen thirty seconds. The yield 0:01:30.600 --> 0:01:32.800 two point three four percent yield on the two year 0:01:33.120 --> 0:01:36.080 two point one eight percent. Nime X screwed is down 0:01:36.120 --> 0:01:38.319 two point two percent or two dollars forty nine cents 0:01:38.319 --> 0:01:40.480 at a hundred nine dollars sixty three cents of barrel 0:01:40.720 --> 0:01:43.000 comex golled down two tenths per cent or four dollars 0:01:43.040 --> 0:01:45.760 at nineteen thirty eight announced. The euro is at one 0:01:45.800 --> 0:01:48.000 point zero nine nine four against the dollar, and the 0:01:48.080 --> 0:01:51.120 yen is at one eight two. John and Nathan will 0:01:51.160 --> 0:01:53.000 love more on the markets in a minute, but first 0:01:53.040 --> 0:01:57.200 new developments involving the war. Ukraine's president says he's ready 0:01:57.240 --> 0:02:00.400 to discuss a deal with Russia in exchange for US fire. 0:02:00.680 --> 0:02:05.080 Amy Morris has it sales from our Bloomberg newsroom in Washington, 0:02:05.480 --> 0:02:08.920 Ukrainian President Voladimir Zelensky said late last night he is 0:02:09.040 --> 0:02:12.320 prepared to discuss a commitment from Ukraine not to seek 0:02:12.400 --> 0:02:16.280 NATO membership in exchange for a ceasefire, the withdrawal of 0:02:16.360 --> 0:02:19.679 Russian troops, and to guarantee of Ukraine security. He called 0:02:19.720 --> 0:02:22.760 it a compromise for everyone. He also repeated his call 0:02:22.880 --> 0:02:26.280 for direct talks with Russian President Vladimir Putin, saying that 0:02:26.360 --> 0:02:29.240 unless he meets with him personally, it's impossible to know 0:02:29.280 --> 0:02:32.560 if Russia even wants to stop the war. In Washington, 0:02:32.639 --> 0:02:35.760 I'm Aymy Morris, Bloomberg Daybreak, Okay, Amy, thank you. President 0:02:35.800 --> 0:02:38.840 Zelenski says his forces are still holding Russian troops at 0:02:38.840 --> 0:02:42.240 bay on several fronts. Retired U S Navy Commander Ward 0:02:42.280 --> 0:02:46.320 Carol says Ukrainian forces remain resilient. I can tell you 0:02:46.919 --> 0:02:50.000 from the legend of the Ghost of Kiev to the 0:02:50.120 --> 0:02:54.040 other things that they've done against overwhelming odds. Their air 0:02:54.120 --> 0:02:57.280 force has shown itself to be very capable. Retired Navy 0:02:57.320 --> 0:03:00.639 Commander Ward Carroll spoke with our Washington corresponding Joe Matthew 0:03:00.680 --> 0:03:03.600 on Bloomberg Sound On. Catch the program weekdays at five 0:03:03.639 --> 0:03:06.240 pm Eastern on Bloomberg Radio. Meantime, the White House says 0:03:06.320 --> 0:03:09.840 Russian President Vladimir Putin's back is against the wall, and 0:03:10.000 --> 0:03:14.440 President Biden tells business leaders that makes him even more dangerous. 0:03:14.800 --> 0:03:18.919 He's suggesting Putin could soon use chemical weapons. Bloomberg's Ad 0:03:18.960 --> 0:03:21.600 Baxter has the story. Biden, in front of the Business 0:03:21.680 --> 0:03:25.240 Roundtable CEO quarterly meeting, said Putin is already sending up 0:03:25.280 --> 0:03:29.520 false flags about chemical weapons, saying the US has used 0:03:29.560 --> 0:03:34.040 them as well. They're also suggesting that Ukraine has biological 0:03:34.200 --> 0:03:38.240 and chemical weapons in Ukraine. That's a clear sign he's 0:03:38.280 --> 0:03:41.880 considering using both of those. He's already used chemical weapons 0:03:41.920 --> 0:03:44.680 in the past, and we should be careful. What about 0:03:44.720 --> 0:03:47.360 it was about to come? Biden says the US does 0:03:47.440 --> 0:03:50.280 not use chemical weapons, and the President also warned if 0:03:50.280 --> 0:03:54.240 a potential of increased cyber attacks in San Francisco. I'm 0:03:54.240 --> 0:03:56.440 at Baxter Bloomberg day Break. All right, and thank you. 0:03:56.480 --> 0:03:59.360 Another major story we're following brings us yesterday's crash of 0:03:59.360 --> 0:04:02.960 a Boeing in China all on Two people on boorder 0:04:03.000 --> 0:04:06.040 believed dead. The cause of the crash is still unknown. 0:04:06.080 --> 0:04:09.680 Experts remain baffled by the planes nose dive from twenty 0:04:09.760 --> 0:04:12.840 nine thousand feet. Bloomberg Stephen Angel has the latest from 0:04:12.880 --> 0:04:15.440 Hong Kong. She didn't being the President of China said 0:04:15.480 --> 0:04:18.320 he's calling for an all out investigation. They have found 0:04:18.320 --> 0:04:21.359 part of the wreckage. We just don't know how this 0:04:21.480 --> 0:04:25.080 accident happened on a flight from Kunming to guang Joe 0:04:25.400 --> 0:04:28.480 that was already just about to descend to Guang Joe. 0:04:28.960 --> 0:04:31.479 It's very different from the MAX accidents in Indonesia and 0:04:31.640 --> 0:04:35.360 in Ethiopia. Bloomberg Stephen Angle says the China Eastern Airlines 0:04:35.400 --> 0:04:38.760 crash is China's worst commercial aviation accident in more than 0:04:38.800 --> 0:04:41.640 a decade. And turning to the markets now sell off 0:04:41.760 --> 0:04:44.800 in bonds is deepening. You have to fence here. J 0:04:44.920 --> 0:04:47.640 Palnd struck a more hawkish tone on a s campaign 0:04:47.680 --> 0:04:51.080 against high inflation. The expectation going into this year was 0:04:51.080 --> 0:04:53.800 that we would see basically see inflation peaking in the 0:04:53.839 --> 0:04:56.359 first quarter, then maybe leveling out, and then see a 0:04:56.360 --> 0:04:59.000 lot of progress in the second half. That story has 0:04:59.040 --> 0:05:01.719 already fallen apart. To the extent it continues to fall apart. 0:05:02.560 --> 0:05:05.880 My colleagues and I may well reach the conclusion that 0:05:05.920 --> 0:05:08.080 will need to move more quickly, and if so, we'll 0:05:08.080 --> 0:05:10.520 do so. She your pal says, the FED is prepared 0:05:10.560 --> 0:05:13.120 to raise the indust rates by fifty basis points at 0:05:13.120 --> 0:05:16.560 the next policy meeting if needed. Tracy McMillan, as head 0:05:16.560 --> 0:05:20.680 of Global Linset Allocation Strategy at Wells Fargo, preparing the 0:05:20.720 --> 0:05:25.279 markets for a really tough inflation fight, and so that 0:05:25.400 --> 0:05:28.880 means we're gonna see higher yields, and we are seeing 0:05:28.920 --> 0:05:31.320 those higher yields in the front end, at the curb 0:05:31.600 --> 0:05:36.640 where the FED really has more of an impact. Wells 0:05:36.680 --> 0:05:40.360 Fargo's Tracy McMillan says she prefers equities over fixed income 0:05:40.440 --> 0:05:42.400 at the moment. And we'll have much more on the 0:05:42.440 --> 0:05:45.520 future of interest rates and the fight against inflation later 0:05:45.560 --> 0:05:48.200 this morning, John will we speak live with St. Louis 0:05:48.240 --> 0:05:51.280 FED President Jim Bullard. Stay tuned for that conversation. It's 0:05:51.320 --> 0:05:53.599 coming up at eight thirty am all street time on 0:05:53.600 --> 0:05:56.800 Bloomberg Radio and television. And overnight we saw the bond 0:05:56.800 --> 0:05:59.599 sell off spread to Asia. Stocks in the region gained 0:05:59.640 --> 0:06:02.520 as the odds fell. Let's get the recap from BLOOMBERGUS 0:06:02.560 --> 0:06:05.800 Juliet Sally in Singapore, Good morning, Julia, Good morning John, 0:06:05.800 --> 0:06:08.760 and Nathan Australia yield to the higher since twenty eighteen 0:06:08.800 --> 0:06:11.000 on the tenure note, while the Keywi equivalent was at 0:06:11.040 --> 0:06:13.880 a five year high. The yield differential between the US 0:06:13.920 --> 0:06:16.039 and Japan pushed the yend to a six year low, 0:06:16.279 --> 0:06:19.599 boosting Japanese equities, which returned from a long weekend. The 0:06:19.640 --> 0:06:21.640 negate to to five rows one and a half percent 0:06:21.680 --> 0:06:24.800 in Tokyo to post its sixth consecutive session of gains, 0:06:25.000 --> 0:06:28.160 the longest streaks since September, and Ali Baba shares game 0:06:28.240 --> 0:06:30.719 nearly ten percent in Hong Kong as the tech giant 0:06:30.760 --> 0:06:33.960 increased its shared by Back program to twenty five billion 0:06:34.160 --> 0:06:39.640 from fifteen billion dollars in Singapore. Juliet Sally Bloomberg debris alright, Juliette. Thanks. 0:06:39.800 --> 0:06:42.200 On the earnings front this morning, shares of Nike are 0:06:42.279 --> 0:06:45.719 up nearly six percent in early trading. The company's quarterly 0:06:45.760 --> 0:06:50.360 results top estimates. Revenue outpaced expectations in all regions, including 0:06:50.400 --> 0:06:54.000 Greater China, where sales fell less than predicted. Right now, 0:06:54.120 --> 0:06:56.880 SMP futures are higher by eleven point. Staff futures up 0:06:56.880 --> 0:06:59.920 a hundred twenty five, NASTACK futures up one point ten. 0:07:00.000 --> 0:07:02.280 Your treasury is down fifteen thirty seconds. The yield two 0:07:02.360 --> 0:07:05.279 point three nime X screwed is now down one point 0:07:05.320 --> 0:07:08.800 four percent, or a dollar fifty two dollars sixty cents 0:07:08.800 --> 0:07:11.800 of barrel. The euro is at one point zero nine 0:07:11.920 --> 0:07:15.440 eight nine against the dollar. Straight ahead your latest local 0:07:15.440 --> 0:07:23.520 headlines and a check of sports. This is Bloomberg. Thanks 0:07:23.520 --> 0:07:25.840 Snaithan six or seven on Wall Street hands on to 0:07:25.880 --> 0:07:28.080 bring in Michael Barr to find out what else is 0:07:28.120 --> 0:07:30.920 going on in New York and around the world. John, 0:07:30.960 --> 0:07:34.160 thank you very much, sir. Russian opposition leader and jailed 0:07:34.240 --> 0:07:38.240 Kremlin critic Alexei Nemalony was found guilty of fraud today. 0:07:38.800 --> 0:07:42.200 Moscow of Court convicted of Alody over allegations he stole 0:07:42.280 --> 0:07:47.360 from his anti corruption foundation. Called the case politically motivated. 0:07:47.880 --> 0:07:50.560 New York's top health officials says she does not expect 0:07:50.600 --> 0:07:53.760 to see a steep surge in COVID nineteen cases as 0:07:53.760 --> 0:07:57.200 a new omicron sub variant grows more prevalent into the 0:07:57.240 --> 0:08:00.440 state State Health Commissioner Mary Bassett says, is that the 0:08:00.520 --> 0:08:05.080 variant now represents of all cases in New York. It 0:08:05.120 --> 0:08:08.640 has been rising over the past couple of months, but 0:08:08.720 --> 0:08:11.239 we have not seen the kind of rate of growth 0:08:11.800 --> 0:08:15.800 UH in this dominance UH that we've seen in the 0:08:15.920 --> 0:08:20.000 UK and in Europe. B A two is more transmissible, 0:08:20.040 --> 0:08:23.520 as you know, than the original variant, but it does 0:08:23.560 --> 0:08:27.120 not appear to cause more severe illness. Governor Kathy Hokel 0:08:27.200 --> 0:08:30.680 also spoke with Health Commissioner Bassett. We have not focused 0:08:30.680 --> 0:08:33.960 as a nation as much on the treatment capabilities. You 0:08:34.040 --> 0:08:36.840 should at first sign of symptoms let your doctor know 0:08:37.240 --> 0:08:39.880 so you can start getting the treatments that can stop 0:08:39.920 --> 0:08:43.319 the circumstances from getting worse. Governor Hokel says New York 0:08:43.360 --> 0:08:47.600 averaged around new COVID nineteen cases per day last week. 0:08:48.040 --> 0:08:51.160 Donald Trump's lawyers say a New York judge abused his 0:08:51.240 --> 0:08:55.120 discretion with a decision last month requiring the former president 0:08:55.160 --> 0:08:58.680 to answer questions under oath in a civil investigation into 0:08:58.800 --> 0:09:02.160 his business practice. It's in papers filed and the state 0:09:02.160 --> 0:09:06.160 appeals court. Trump's lawyers said the judge failed properly wigh 0:09:06.200 --> 0:09:10.320 constitutional and ethical concerns that they had raised about New 0:09:10.400 --> 0:09:15.800 York Attorney General Latitia James's investigation. Judge Kanji Brown Jackson 0:09:15.840 --> 0:09:19.760 faces questioning in her second day of Supreme Court confirmation hearings. 0:09:20.200 --> 0:09:24.360 Jackson gave her opening remarks yesterday before the Senate Judiciary Committee. 0:09:24.400 --> 0:09:27.480 I have been a judge for nearly a decade now, 0:09:27.559 --> 0:09:31.040 and I take that responsibility and my duty to be 0:09:31.120 --> 0:09:36.520 independent very seriously. Republican Senator Ted Cruz Likewise, it's not 0:09:36.559 --> 0:09:40.680 about race. We will see democrats of the media suggest 0:09:40.760 --> 0:09:44.360 that any Senator that is skeptical of your nomination, that 0:09:44.440 --> 0:09:47.040 questions you vigorously, or that dares to vote against you, 0:09:47.120 --> 0:09:52.760 must somehow harbor racial animus. GOP Senator Ted Cruz. Global 0:09:52.800 --> 0:09:54.920 News twenty four hours a day on air and on 0:09:54.960 --> 0:09:58.760 Bloomberg Quicktake, powered by more than under journalist and analyst 0:09:58.840 --> 0:10:03.120 more than count He's Michael barn This is Michael. Thank you, 0:10:06.640 --> 0:10:10.840 Sall Street. That's time for the Bloomberg Sports Up. Thanks John. 0:10:10.880 --> 0:10:14.400 Even with Tom Brady's unretirement and Aaron Rodgers remaining in 0:10:14.480 --> 0:10:17.520 Green Bay, it's been stunning how many big name quarterbacks 0:10:17.559 --> 0:10:20.640 have been traded. Russell Wilson to Denver to Shaun Watson 0:10:20.679 --> 0:10:23.360 to Cleveland, and now Matt Ryan to Indianapolis. He was 0:10:23.440 --> 0:10:26.800 in Atlanta for fourteen years. Once the NFL's m v 0:10:26.920 --> 0:10:29.480 P with the Cold still replaced Carson Winston was just 0:10:29.480 --> 0:10:32.240 traded to Washington. That came a year after Wentst was 0:10:32.280 --> 0:10:34.760 traded to Indie. The Falcon's new QB will apparently be 0:10:34.800 --> 0:10:38.120 Marcus Mariota, back up the last two seasons in Las Vegas, 0:10:38.120 --> 0:10:40.400 he signed as a free agent in Brooklyn. The Nets 0:10:40.400 --> 0:10:42.920 beat the Jazz one fourteen one oh six. Kevina rant 0:10:42.960 --> 0:10:46.160 again led the way thirty seven points, nine rebounds, eight assists. 0:10:46.200 --> 0:10:48.839 Home game meant no Kyrie. Ever, Ben Simmons still has 0:10:48.920 --> 0:10:52.959 not made his Mets Nets debut out with a herniated disc. 0:10:53.000 --> 0:10:55.240 As coach Steve net he saw, I hope that he 0:10:55.280 --> 0:10:57.600 can come back. He's had moments during his rehab where 0:10:57.600 --> 0:11:00.320 he's on the court doing some things and looks like 0:11:00.360 --> 0:11:01.880 he's about to turn a corner and that there's a 0:11:01.880 --> 0:11:04.320 little setback. So I still feel optimistic that he can 0:11:04.360 --> 0:11:06.920 play for us. From mixed Tonight host Atlanta, the Rangers 0:11:07.000 --> 0:11:09.320 visit the Devil's Kevin Willard, the coach at Seaton all 0:11:09.360 --> 0:11:12.319 the last twelve years, leaving to take over in Maryland 0:11:12.360 --> 0:11:14.920 and leading to some rather obvious speculation that he will 0:11:14.960 --> 0:11:18.600 be replaced by Shaheen Holloway, former Seaton Hall player who 0:11:18.679 --> 0:11:21.320 has coach St. Peter's to the NT double A sweet 0:11:21.360 --> 0:11:23.920 sixteen in Port St. Lucy. New Mets manager Bucks Show 0:11:23.920 --> 0:11:27.840 Walter watched new met picture Max Jerser for five innings, 0:11:27.880 --> 0:11:30.920 called it as advertisers are allowed just one one Mets 0:11:31.000 --> 0:11:33.920 lost to the Marlins, three nothing Yankees in Tampa Bay 0:11:33.920 --> 0:11:36.840 five in uh Tampa five, two of the Phillies. Three pictures. 0:11:36.840 --> 0:11:40.120 Who could be in the rotation Jamison Tyon, Nestor Cortez, 0:11:40.160 --> 0:11:43.560 Michael king On with two scoreless things, John Stashiellen, Bloomberg 0:11:43.600 --> 0:11:45.840 Sports done all right? Huh head of the cash up 0:11:45.920 --> 0:11:49.240 on Wall Street. Futures looking higher right now the DALLA 0:11:49.280 --> 0:11:53.200 futures of one hundred twenty two points, SMP emitted futures 0:11:53.720 --> 0:11:56.400 ten points higher, and then I set futures right now 0:11:56.440 --> 0:12:01.439 are up twenty five points. You're listening the Bloomberg day Break. 0:12:06.840 --> 0:12:08.960 Day Break brought to you by Audie. Don't let someone 0:12:09.000 --> 0:12:11.200 else drive off of the Audi modeled you, boways wanted. 0:12:11.280 --> 0:12:13.880 Visit you try state area, Audi dealer together behind the 0:12:13.920 --> 0:12:16.880 wheel of yours today, or visit Out of the Offers 0:12:16.960 --> 0:12:24.200 dot com for more information, markets, headlines and breaking news 0:12:24.280 --> 0:12:26.839 twenty four hours a day at Bloomberg dot Com, the 0:12:26.960 --> 0:12:30.480 Bloomberg Business apt and at Bloomberg Quick Tape He's a 0:12:30.520 --> 0:12:40.040 Bloomberg Business Flash Nathan Hager. Stocks are climbing along with 0:12:40.160 --> 0:12:43.120 US equity futures as a sell off in bonds deepens. 0:12:43.200 --> 0:12:45.640 This come out after a Federal Reserve Chairman, Jerome Powell 0:12:45.720 --> 0:12:49.160 signaled yesterday that the Central Bank will take more aggressive 0:12:49.160 --> 0:12:52.320 measures to clamp down on inflation, including the possibility of 0:12:52.360 --> 0:12:56.000 a fifty basis point hike at the feds next policy 0:12:56.080 --> 0:12:59.120 meeting in May. We check the markets every fifteen minutes 0:12:59.160 --> 0:13:01.920 during the trading day on Boomberg. Right now, SMP futures 0:13:01.920 --> 0:13:05.160 are up eleven points, STAFF futures up twenty seven, NASTAC 0:13:05.240 --> 0:13:07.960 futures are higher by thirty one points. The DECKS in 0:13:08.000 --> 0:13:10.320 Germany is up eight tenths percent. The CAC in Paris 0:13:10.360 --> 0:13:13.520 is higher by a half percent ten Your treasury is 0:13:13.559 --> 0:13:16.000 down sixteen thirty seconds. Now that you're two point three 0:13:16.080 --> 0:13:19.040 four percent Nimex crew down one point one percent or 0:13:19.040 --> 0:13:21.240 a dollar twenty two at a hundred ten dollars, ninety 0:13:21.280 --> 0:13:24.360 cents of barrel U comic skulled down a dollar fifty 0:13:24.480 --> 0:13:28.480 at nineteen thirty three thirty announced. That's a Bloomberg business flash. 0:13:28.559 --> 0:13:31.079 Now here's Michael Barr with more on that's going down 0:13:31.080 --> 0:13:34.160 around the world. Michael, thank you very much, Nathan. Ukrainian 0:13:34.200 --> 0:13:38.080 President Volodimir Zelenski is sent to virtually deliver his address 0:13:38.160 --> 0:13:42.080 to the Japanese Parliament tomorrow to rally international support for 0:13:42.160 --> 0:13:46.840 his country's fight against Russia's invasion. Zelenski has made virtual 0:13:46.840 --> 0:13:50.480 addresses to the US Congress, as well as parliaments in Europe, 0:13:50.480 --> 0:13:54.920 Canada and Israel. Russian court has found jailed Kremlin critic 0:13:54.920 --> 0:13:59.199 Alexi Volty guilty of large scale fraud. Valdi is already 0:13:59.240 --> 0:14:01.640 serving a more and two years sentence in prison for 0:14:01.800 --> 0:14:06.000 parole violations he says were fabricated in the NBA, the 0:14:06.080 --> 0:14:08.679 Nets and Celtics one, the Wizards lost in the NHL, 0:14:08.720 --> 0:14:11.319 the Bruins be at the Canadians, and overtime three to 0:14:11.880 --> 0:14:14.360 Global News twenty four hours a day on air and 0:14:14.559 --> 0:14:17.520 on Bloomberg Quick take powered by more than twenty seven 0:14:17.559 --> 0:14:20.520 hundred journalists and analyst and more than one twenty countries. 0:14:20.920 --> 0:14:23.880 Michael Laren, this is Bloomberg John all right, Michael, thank you. 0:14:23.960 --> 0:14:26.440 Coming up on six twenty on Wall Street. We are 0:14:26.520 --> 0:14:31.120 live from the Bloomberg Interranto Broker Studios. This is Bloomberg Daybreak. 0:14:31.760 --> 0:14:35.040 The flood of refugees continues as the war in Ukraine 0:14:35.160 --> 0:14:38.320 rages on. Joining us now with an update, Bloomberg's Agge 0:14:38.320 --> 0:14:43.160 Cantra live from Pollen at the Humanitarian Aids Center there. Aggie, 0:14:43.200 --> 0:14:45.280 thanks for being with us. Can you give us an 0:14:45.320 --> 0:14:51.480 idea of the numbers we're talking about? Yes, so we're 0:14:51.560 --> 0:14:56.400 looking at over three million displaced people within who have 0:14:56.480 --> 0:14:59.560 now gone to other countries. That's about it's now about 0:14:59.600 --> 0:15:02.760 three four million refugees that have fled not only to 0:15:02.800 --> 0:15:06.920 Poland but other nations, mostly within the EU. But it's 0:15:06.960 --> 0:15:10.960 also important to note the figure of displaced people in 0:15:11.040 --> 0:15:14.320 general that they think that ten million people in total 0:15:14.560 --> 0:15:17.360 have fled their homes since the start of the war. 0:15:17.440 --> 0:15:19.880 That's the statistic from the u N And what that 0:15:19.920 --> 0:15:22.160 means is that a huge amount of those people have 0:15:22.320 --> 0:15:26.000 been displaced within Ukraine. So While this country is trying 0:15:26.040 --> 0:15:30.720 to deal with a serious conflict in their own territory, 0:15:30.840 --> 0:15:33.840 they're also dealing with a humanitarian crisis of a lot 0:15:33.880 --> 0:15:36.640 of people who are looking to be rehoused, mostly in 0:15:36.680 --> 0:15:39.920 the wapster of the country, away from the fighting. There 0:15:39.960 --> 0:15:43.400 are the people still coming across the bordering into Poland. 0:15:43.760 --> 0:15:50.280 Does that have any sign of slowing downimal, Yes, they 0:15:50.320 --> 0:15:52.480 are still coming over. There does seem to be a 0:15:52.560 --> 0:15:56.240 slight dissipation in just how many people are crossing over 0:15:56.480 --> 0:16:01.640 into the EU from Poland from Ukraine. However, it doesn't 0:16:01.640 --> 0:16:05.000 seem to be slowing completely. There are still a lot 0:16:05.040 --> 0:16:08.040 of people arriving. I'm right now in a place which 0:16:08.120 --> 0:16:11.640 is essentially a transport hub slightly away from the border, 0:16:11.720 --> 0:16:16.520 where people come after arriving at the border and then 0:16:16.920 --> 0:16:20.320 um then taken to wherever they're looking to go, whether 0:16:20.400 --> 0:16:23.480 that be another city in Poland or further afield to 0:16:24.320 --> 0:16:26.280 Germany or France or I was just speaking to a 0:16:26.320 --> 0:16:29.440 woman who's going to go to Spain to stay with friends. 0:16:29.720 --> 0:16:32.000 So there's still a huge amount of people crossing over 0:16:32.040 --> 0:16:35.640 the border, and um there seems to be less of 0:16:35.680 --> 0:16:38.520 an impact on the areas around the border in the 0:16:38.600 --> 0:16:42.520 last week or so, as the authorities here come up 0:16:42.560 --> 0:16:46.320 with better processes in order to streamline it so people 0:16:46.360 --> 0:16:48.920 can get away from the border quicker. Can you share 0:16:49.000 --> 0:16:55.360 some of the stories that they're telling. Yes, so, especially 0:16:55.360 --> 0:16:58.520 in the last couple of weeks, as seeing as I've 0:16:58.560 --> 0:17:02.040 been here for I started coming here just as the 0:17:02.080 --> 0:17:04.639 war broke out, and now that we're a couple of 0:17:04.640 --> 0:17:08.159 weeks into this, what's really telling is how the people 0:17:08.200 --> 0:17:10.960 who are arriving now, a great deal of them have 0:17:11.600 --> 0:17:16.360 personal experience of this shelling, of these bombardments of their cities. 0:17:16.600 --> 0:17:18.800 I was just speaking to a woman from Kiev who 0:17:18.880 --> 0:17:23.439 spent spent the last several weeks hiding in basements and 0:17:23.520 --> 0:17:27.200 in bunkers, and then has now left. She first went 0:17:27.280 --> 0:17:29.600 to Leviv in the west of Ukraine and is now 0:17:29.680 --> 0:17:32.040 decided to come to Poland. And this is the case 0:17:32.080 --> 0:17:34.800 for a lot of the people who arriving now. Also, 0:17:34.920 --> 0:17:37.640 it's important to see the fact that when people first 0:17:37.680 --> 0:17:41.199 started fleeing, almost as a precautionary measure, a lot of 0:17:41.240 --> 0:17:44.600 them had contacts in Europe. They had connections with other 0:17:44.680 --> 0:17:48.200 people within the European Union, friends or family who already 0:17:48.240 --> 0:17:50.080 lived in the European unions so they had a place 0:17:50.119 --> 0:17:52.639 to go. A lot of the people coming now do 0:17:52.720 --> 0:17:56.520 not speak so much English or other languages, and a 0:17:56.520 --> 0:17:59.840 lot of them are deeply traumatized by the war and 0:18:00.040 --> 0:18:06.520 self having had firsthand experience of it. What's ahead of them, 0:18:06.560 --> 0:18:09.000 it's really, it really is difficult to say. A lot 0:18:09.040 --> 0:18:13.280 of them have been able to through these directives that 0:18:13.320 --> 0:18:16.040 the EU is supporting that a lot of them will 0:18:16.119 --> 0:18:19.000 be able to enter the labor market, or in the 0:18:19.040 --> 0:18:21.560 case of the many minors to have come over, will 0:18:21.600 --> 0:18:24.959 be able to enter the education system. That is something 0:18:24.960 --> 0:18:28.359 that the EU has tried to make sure is in 0:18:28.480 --> 0:18:31.760 place so that people can enter the labor market, but 0:18:31.800 --> 0:18:34.320 also so that they don't need to be in this 0:18:34.400 --> 0:18:37.399 limbo phase. Because something that there's been a criticism of 0:18:37.520 --> 0:18:41.960 the EU in other refuge crisis before this one has 0:18:42.000 --> 0:18:44.040 been that a lot of people, even if they are 0:18:44.080 --> 0:18:46.600 trying to look for work and want access to work, 0:18:46.720 --> 0:18:51.240 because of the convoluted process in applying to be a 0:18:51.280 --> 0:18:54.960 refugee in the EU, sometimes it's possible for them to 0:18:55.080 --> 0:18:58.159 enter the labor force until that process is complete, and 0:18:58.200 --> 0:19:00.960 at least in there are media future, there's no hope 0:19:01.000 --> 0:19:07.120 of even returning home. It sounds yes, although pretty much 0:19:07.400 --> 0:19:11.359 without sail. Most people that I speak to here want 0:19:11.440 --> 0:19:14.760 to return home. That is their end hope is that 0:19:14.920 --> 0:19:17.359 they all say that they would like to return to 0:19:17.440 --> 0:19:21.520 those cities, even if they don't know what their cities 0:19:21.560 --> 0:19:23.480 may look like. I cannot say that that is the 0:19:23.560 --> 0:19:26.720 case for every refugee who has crossed the border, but 0:19:26.880 --> 0:19:29.360 a huge amount of them really hope that they will 0:19:29.400 --> 0:19:33.640 be able to return to Ukraine. Yeah, who knows what's 0:19:33.680 --> 0:19:36.439 going to be left though, Aggie, thanks very much. We 0:19:36.480 --> 0:19:40.760 appreciate your reporting. Bloomberg's Aggie Cantreill from Poland this morning, 0:19:40.800 --> 0:19:44.280 the humanitarian center there near the border. You're listening to 0:19:44.320 --> 0:19:47.520 Bloomberg Daybreak and HAWD they open on Wall Street. Down 0:19:47.560 --> 0:19:50.920 futures right now one D forty seven points higher, that's 0:19:50.920 --> 0:19:54.960 a four tens of percent, SMP futures of fourteen right 0:19:54.960 --> 0:19:57.919 now a three tens of percent, and ADA futures up 0:19:58.040 --> 0:20:07.880 thirty nine points. The is Bloomberg and the Bloomberg weather 0:20:07.920 --> 0:20:10.639 for it today for a meteorologist Rod Caroline, clouds and 0:20:10.800 --> 0:20:13.240 some stun especially north of the city. The high temperature 0:20:13.880 --> 0:20:17.760 sixty and tomorrow cloudy cooler showers in the afternoon by 0:20:17.800 --> 0:20:24.280 high temperature about fifty degrees. Broadcasting live from the Bloomberg 0:20:24.320 --> 0:20:27.800 Interactive Broker Studio in New York, Bloomberg E Living fre 0:20:28.160 --> 0:20:32.280 to Washington, d C. Bloomberg on to Boston, Bloomberg one 0:20:32.280 --> 0:20:35.440 oh six one, to San Francisco, Bloomberg nine sixt to 0:20:35.520 --> 0:20:38.720 the country, Sirius XM CHO one nineteen and around the 0:20:38.760 --> 0:20:42.560 globe the Bloomberg Business apt and Bloomberg Radio dot Com. 0:20:42.600 --> 0:20:51.399 This is Bloomberg Daybreak. He is six thirty on Wall Street. 0:20:51.400 --> 0:20:53.919 Good morning, I'm John Tucker. I'm Nathan Hagar. We're just 0:20:53.960 --> 0:20:56.119 about three hours away from the open of US trading. 0:20:56.160 --> 0:20:57.760 Time for the five things you need to know to 0:20:57.880 --> 0:21:00.720 start your day. Brought to you by Interactive Brokers Simple 0:21:00.760 --> 0:21:04.080 ib KR Global Trader app. Deposit in your local currency 0:21:04.080 --> 0:21:06.520 and trade stocks in the US, Europe and Asia. Start 0:21:06.520 --> 0:21:08.640 your free trial at i b k R dot com 0:21:08.720 --> 0:21:12.960 slash Global Trader at first. Voladimir z Lensky says Ukraine's 0:21:13.000 --> 0:21:16.160 forces are still holding Russian troops at bay. The president 0:21:16.280 --> 0:21:18.720 is also indicating his nation would hold a referendum on 0:21:18.760 --> 0:21:21.560 the terms of any potential peace agreement with Russia's Zelensky 0:21:21.680 --> 0:21:25.400 is addressing Italy's parliament right now. Meantime, President Biden says 0:21:25.520 --> 0:21:29.440 Russia's use of hypersonic missiles against Ukraine as a sign 0:21:29.480 --> 0:21:33.200 President Vladimir Putina is growing desperate. Now the President's warning 0:21:33.240 --> 0:21:39.320 about possible cyber attacks. They've just launched their hypersonic missile 0:21:39.480 --> 0:21:42.080 because it's the only thing that they can get through 0:21:42.119 --> 0:21:45.959 with an absolute certainty. He was an anticipating in the 0:21:46.000 --> 0:21:50.680 extent or strength of our unity, and the more his 0:21:50.840 --> 0:21:54.159 back is against the wall, the greater severity of the 0:21:54.240 --> 0:21:58.040 tactics he may employ. President Biden asking the US private 0:21:58.080 --> 0:22:02.320 sector to quote, harden your cyber defense immediately. In China, meantime, 0:22:02.400 --> 0:22:05.080 John investigators are still trying to figure out why China 0:22:05.119 --> 0:22:08.520 Eastern Airlines Bowing jet suddenly fell from the sky yesterday. 0:22:08.600 --> 0:22:11.440 That crash is believed to have killed all one thirty 0:22:11.440 --> 0:22:15.000 two people on board. In response, China Eastern has grounded 0:22:15.000 --> 0:22:18.399 its fleet of Boeing seven hundreds and journey to the 0:22:18.400 --> 0:22:21.880 markets sell off in bonds that is deepening into the fench. Here, 0:22:21.960 --> 0:22:24.200 j Pal struck a more hawkish tone of the central 0:22:24.240 --> 0:22:27.520 banks campaign against the inflation. He's opening the door to 0:22:27.560 --> 0:22:30.880 a fifty basis point hike at the Center Bank's upcoming meetings. 0:22:31.119 --> 0:22:33.679 We will take the necessary steps to ensure a return 0:22:33.720 --> 0:22:37.320 to price stability. In particular, if we conclude it is 0:22:37.359 --> 0:22:40.120 appropriate to move more aggressively by raising the federal funds 0:22:40.200 --> 0:22:42.399 rate by more than twenty five basis point at a 0:22:42.440 --> 0:22:45.280 meeting or meetings, we will do so. And if we 0:22:45.359 --> 0:22:47.800 determine that we need to tighten beyond common measures of 0:22:47.840 --> 0:22:51.000 neutral into a more restrictive stance, will do that as well. 0:22:51.359 --> 0:22:53.760 J Pala and other Feed officials the issue their next 0:22:53.760 --> 0:22:56.679 policy decision. May fourth say to him for more on 0:22:56.760 --> 0:22:59.240 the Feed this morning when we speak live with St. 0:22:59.280 --> 0:23:02.639