WEBVTT - Bloomberg Daybreak: April 7, 2022 - Hour 2 (Radio) 0:00:02.480 --> 0:00:05.800 Bye from the Bloomberg Interactive Burger Studios. This is Bloomberg 0:00:05.840 --> 0:00:09.479 day Break for Thursday, April seven two. Coming up this hour, 0:00:09.720 --> 0:00:12.760 the US and its allies lineup more sanctions on Russia 0:00:12.800 --> 0:00:15.840 as a frost cities in Ukraine grow stock sell off 0:00:15.880 --> 0:00:18.640 after hawkish minutes from the Federal Reserve. And let's tell 0:00:18.640 --> 0:00:21.440 you which company surging on news of a four billion 0:00:21.480 --> 0:00:24.599 dollars stake from Warren Buffett. The rate of major crimes 0:00:24.600 --> 0:00:27.480 in New York City is up. Plus it's confirmation day 0:00:27.520 --> 0:00:30.280 for Supreme Court nominee. That's Donji Brown Jackson by my 0:00:30.360 --> 0:00:33.120 bloo Blarm. More ahead, I'm John skash Shower and Sports 0:00:33.120 --> 0:00:35.320 Second have come back by the Nets to beat the nixt. 0:00:35.400 --> 0:00:37.800 The Master's seeds off today, and the Mets open their 0:00:37.800 --> 0:00:47.479 season in Washington. That's all straight ahead on Bloomberg day 0:00:47.479 --> 0:00:52.480 Break on Bloomberg eleven Trio, New York, Bloomberg one, Washington, 0:00:52.600 --> 0:00:57.560 d C, Bloomberg one oh six one, Boston, Bloomberg nine six, Francisco, 0:00:57.920 --> 0:01:01.240 Sirius x M one nineteen and around the world on 0:01:01.360 --> 0:01:04.760 Bloomberg Radio dot com and via the Bloomberg Business app. 0:01:07.520 --> 0:01:10.520 Fany Good morning of Bethan Hager and I'm Karen Moscow 0:01:10.560 --> 0:01:13.920 and SMP futures are higher this morning. It is coming 0:01:13.959 --> 0:01:15.440 up to six oh one on Wall Street, and I 0:01:15.520 --> 0:01:17.920 check the markets every fifteen minutes throughout the trading day 0:01:18.240 --> 0:01:21.040 on Bloomberg. Right now, SMP futures are up about thirteen 0:01:21.040 --> 0:01:24.200 points down, futures up thirty six, and NASTAC futures up 0:01:24.240 --> 0:01:27.880 seventies six, So futures are strengthening this morning. The decks 0:01:27.880 --> 0:01:30.440 in Germany's up about six tenths of upper sent ten. 0:01:30.520 --> 0:01:33.039 Your treasury up six thirty seconds. You're two point five 0:01:33.120 --> 0:01:35.720 seven percent. They yield on the two year two point 0:01:35.720 --> 0:01:38.760 four three percent. NIMEX screwed oil is up one percent, 0:01:38.880 --> 0:01:41.280 or ninety one cents and ninety seven dollars twelve cents 0:01:41.280 --> 0:01:44.320 of barrel. The euro one pot eight nine three against 0:01:44.319 --> 0:01:46.320 the dollar. Nathan, all right, Karen, we'll have more on 0:01:46.360 --> 0:01:48.240 the markets in a minute. First, the latest on the 0:01:48.240 --> 0:01:52.240 war and more evidence of atrocities against civilians in Ukraine. 0:01:52.520 --> 0:01:55.280 The US and its satellites are lining up more sanctions 0:01:55.280 --> 0:01:58.200 on Russia. Amy Morris has more from our Bloomberg N 0:01:58.720 --> 0:02:01.800 one newsroom in Washington. These new sanctions target two of 0:02:01.880 --> 0:02:05.760 Russia's biggest banks and Vladimir Putin's adult daughters. Chatham House 0:02:05.800 --> 0:02:09.960 associate fellow Katerina Waldschack tells Bloomberg Television Russia was the 0:02:09.960 --> 0:02:13.440 eleventh largest economy in the world, so there are consequences 0:02:13.480 --> 0:02:17.480 beyond Russia's borders. Wolves the West now really reckons with 0:02:18.000 --> 0:02:22.400 is the funk that we have very extensive interdependence with Russia, 0:02:22.720 --> 0:02:25.799 with Russians, with the financial institution for Russian banks, but 0:02:26.120 --> 0:02:30.079 specifically energy slow and European foreign ministers are likely to 0:02:30.120 --> 0:02:32.960 discuss an oil embargo on Russia when they meet next week. 0:02:33.320 --> 0:02:36.480 Ukraine's foreign minister pleaded for more weapons during a NATO 0:02:36.560 --> 0:02:39.600 meeting in Brussels. The mayor of Mariople says more than 0:02:39.639 --> 0:02:43.240 five thousand civilians have been killed in his city. In Washington, 0:02:43.320 --> 0:02:46.120 I'm maybe Morris Bloomberg daybreak, All right, Amy, thank you all. 0:02:46.120 --> 0:02:48.200 Another note on the war. It looks like the United 0:02:48.280 --> 0:02:51.560 Nations General Assembly could end up suspending Russia from the 0:02:51.680 --> 0:02:54.160 Human Rights Council. The Council plans to vote on a 0:02:54.160 --> 0:02:56.800 matter later today. On the days after the war began, 0:02:56.880 --> 0:03:00.560 caring the Russian ruble collapsed, Sanctions on Moss go sank 0:03:00.600 --> 0:03:03.080 it to a record low of one one per dollar. 0:03:03.520 --> 0:03:06.400 Things look so dire. President Biden said the ruble had 0:03:06.440 --> 0:03:08.919 been reduced to rubble, but now the ruble has searched 0:03:09.000 --> 0:03:11.120 all the way back to where it was before Putin 0:03:11.240 --> 0:03:14.600 invaded Ukraine. Right now trading at about seventy eight per dollar. 0:03:15.040 --> 0:03:17.720 And we're seeing fallout this morning from one company's exit 0:03:17.760 --> 0:03:20.240 from Russia and Nathan shares of Shander down one percent 0:03:20.280 --> 0:03:22.960 in early trading. The oil giants said it's withdrawal from 0:03:22.960 --> 0:03:25.480 the country will result in four to five billion dollars 0:03:25.480 --> 0:03:28.680 of impairments. Shall also warns that price volatility in the 0:03:28.720 --> 0:03:31.320 first quarter could hit cash flow. All right, let's shift 0:03:31.320 --> 0:03:33.359 to the economy and markets back here in the US now, 0:03:33.440 --> 0:03:35.880 Karen investors are still working through the Fence planned to 0:03:35.920 --> 0:03:38.440 parents balance sheet by more than one trillion dollars a 0:03:38.520 --> 0:03:41.360 year while also hiking interest rates. Let's get more live 0:03:41.360 --> 0:03:44.440 from Bloomberg's John Tucker John Nathan. The plan is spelled 0:03:44.480 --> 0:03:46.960 out in the just released minutes of the Fence March meeting. 0:03:47.200 --> 0:03:50.600 Many officials viewed one or more half point interest rate 0:03:50.720 --> 0:03:55.160 increases as possibly appropriate going forward. That's if the rate 0:03:55.160 --> 0:03:58.040 of inflation doesn't come down. They also proposed shrinking the 0:03:58.080 --> 0:04:02.240 Central Bank's balance sheet in line with market expectations. Michael 0:04:02.280 --> 0:04:04.760 Sheldon at High Tower r d M Financial Group says 0:04:04.800 --> 0:04:07.960 the fan has been down this road before. They also, 0:04:08.080 --> 0:04:11.360 unfortunately have a poor track record of raising rates too 0:04:11.400 --> 0:04:14.880 aggressively and causing a downturn in the economy. And that's 0:04:14.880 --> 0:04:17.280 what I think investors are getting kind of a jittery 0:04:17.320 --> 0:04:19.920 about right now. Michael Sheldon of r d M worries 0:04:19.960 --> 0:04:23.960 the Santa banquets slow growth more than it intends. Bloomberg 0:04:24.000 --> 0:04:27.679 Economics says the Fed minutes show noticeably more alarm about 0:04:27.760 --> 0:04:30.920 recent inflation developments. Live in New York on John Tucker 0:04:31.000 --> 0:04:33.480 Bloomberg Daybreak. All right, John, thank you well. Stocks in 0:04:33.560 --> 0:04:37.040 Asia slid overnight, hitting a three week low, and there's 0:04:37.080 --> 0:04:39.760 concern our rapid rise in US interest rates good hit 0:04:39.800 --> 0:04:42.080 growth and hurt earnings. Do we get the recap from 0:04:42.080 --> 0:04:45.800 Bloomberg's Juliette Salion Singapore. Good morning, Juliette, Good morning, Karen. 0:04:45.880 --> 0:04:47.880 The m s c I Asia Pacific Index lost as 0:04:47.960 --> 0:04:50.120 much as one point three percent for a third day 0:04:50.120 --> 0:04:53.159 of declines, led by tech shares in Japan and Taiwan. 0:04:53.520 --> 0:04:55.560 Stokes in Hong Kong and China fell while the one 0:04:55.600 --> 0:04:58.600 weekend as officials once again signaled they intend to loosen 0:04:58.640 --> 0:05:01.800 policy amid the car It outbreak and property market was 0:05:02.080 --> 0:05:05.280 a Bloomberg Intelligence gauge tracking McCaw casinos, Stokes Film more 0:05:05.279 --> 0:05:08.160 than three percent as a number of third party casinos 0:05:08.160 --> 0:05:11.800 could end their gaming operations in Macau in Singapore. Juliette 0:05:11.839 --> 0:05:14.520 Sally Bloomberg Daybreak. All right, Juliet, thank you. Back here 0:05:14.520 --> 0:05:17.039 in the US, a big name in PCs is getting 0:05:17.040 --> 0:05:19.400 a boost from a big name on Wall Street. Shares 0:05:19.440 --> 0:05:23.159 of HP are surging nearly fifteen percent on word of 0:05:23.200 --> 0:05:26.120 an investment from Warren Buffett. Let's get the latest live 0:05:26.160 --> 0:05:28.960 from Bloomberg's Rnita Young. Good morning, Rnita, Good morning, Nathan. 0:05:29.040 --> 0:05:32.720 Warren Buffett's Berkshire Hathaway bought a steak in HP valued 0:05:32.760 --> 0:05:36.080 at more than four point two billion dollars. The stock 0:05:36.120 --> 0:05:39.600 was purchased in multiple transactions this week, and a regulatory 0:05:39.640 --> 0:05:44.880 filing shows Berkshire now holds about one million shares of HP. Now, 0:05:44.880 --> 0:05:49.160 Berkshire has historically shied away from technology investments, but it's 0:05:49.240 --> 0:05:52.599 leaned further into that sector. In recent years. Live in 0:05:52.640 --> 0:05:55.920 New York. I'm Nita Young, Bloomberg Daybreak. All right, Grinita, 0:05:55.960 --> 0:05:58.520 thank you. Turning to the pandemic. Now, there's concerned about 0:05:58.520 --> 0:06:01.000 a potential rage and new COVID cases and that has 0:06:01.080 --> 0:06:04.760 FDA advisors worried about vaccine plans. Bloomberg said, Baxter has 0:06:04.800 --> 0:06:07.800 the story. The advisors say the FDA should be developing 0:06:07.839 --> 0:06:11.839 a consistent standard for vaccines as new variants emerge. They 0:06:11.839 --> 0:06:14.760 say the odds are roughly twenty of another Oh Macron 0:06:14.920 --> 0:06:17.560 like event in the next twelve months. And i H 0:06:17.640 --> 0:06:20.560 Director Dr Anthony Fauci on Bloomberg's Balance of Power with 0:06:20.640 --> 0:06:24.120 David Weston says it will depend on a number of things. 0:06:24.200 --> 0:06:27.799 Hopefully there's enough background immunity so that we don't wind 0:06:27.839 --> 0:06:29.840 up with a lot of hospitalization. Is the best way 0:06:30.160 --> 0:06:33.080 to avoid that, it is to get more people vaccinated 0:06:33.240 --> 0:06:37.040 and boosted. In San Francisco, I'm at Baxter Bloomberg Daybreak. 0:06:37.120 --> 0:06:39.039 Thanks said, there's word of a big name in finance 0:06:39.120 --> 0:06:42.800 with COVID. This morning, Christine Lagarde says she's tested positive. 0:06:42.839 --> 0:06:45.880 The European Central Bank president says her symptoms are reasonably 0:06:45.920 --> 0:06:48.400 mild and won't have impact on the operations of the 0:06:48.400 --> 0:06:52.320 ECB well. Another impact we're seeing from the pandemic, Nathan 0:06:52.400 --> 0:06:54.680 brings us to the housing market. A new report by 0:06:54.720 --> 0:06:58.239 real estate research firm Adam Data Solution shows home prices 0:06:58.279 --> 0:07:02.040 and some of the country's pricest neighborhoods staying somewhat subdued. 0:07:02.520 --> 0:07:05.760 Upscale suburbs of Washington, d C. And wealthy New York 0:07:05.800 --> 0:07:09.159 towns are among the markets with the slowest price appreciation. 0:07:09.440 --> 0:07:11.840 Defining show the spread of remote work during the pandemic 0:07:11.880 --> 0:07:14.040 has allowed many people to op for a living somewhere 0:07:14.120 --> 0:07:17.800 more affordable. Your latest local headlines, check his sports all 0:07:17.800 --> 0:07:23.840 straight ahead. This is Bloomberg. Thanks King six or seven 0:07:23.840 --> 0:07:26.200 on Wall Street, forty six degrees in Central Park. We 0:07:26.240 --> 0:07:28.560 gotta crash on the southbound Harlem River Drive by a 0:07:28.800 --> 0:07:31.800 D five. Details coming up in traffic. First Michael Barb 0:07:31.920 --> 0:07:33.360 with more on what's going on in New York and 0:07:33.400 --> 0:07:35.880 around the world. Good morning, Michael, Good morning Nathan. Major 0:07:35.960 --> 0:07:38.440 crime in New York City rose by thirty six point 0:07:38.480 --> 0:07:41.320 five percent in March from a year ago, despite Mayor 0:07:41.440 --> 0:07:43.960 Eric Adam's efforts to reduce a spike of incidents that 0:07:44.040 --> 0:07:47.440 have persisted since the pandemic began. The m I p 0:07:47.600 --> 0:07:51.040 D says citywide shooting incidents increased by more than sixteen 0:07:51.120 --> 0:07:54.680 percent in my p D Commissioner keeaching Seoul. While there 0:07:54.760 --> 0:07:58.600 is no doubt that we face challenges and reversing years 0:07:58.640 --> 0:08:02.200 will not take weeks, the end YPD remains steadfast in 0:08:02.280 --> 0:08:07.640 its vision, plan and commitment to the residents, businesses and 0:08:07.800 --> 0:08:10.760 visitors to this city. Commissioner Sewell's has the number of 0:08:10.800 --> 0:08:13.600 homicides fell by almost sixteen percent from a year ago, 0:08:13.760 --> 0:08:17.360 robberies rose by more than forty eight percent, and burglaries 0:08:17.440 --> 0:08:21.440 jumped by The Senate will vote on final confirmation of 0:08:21.480 --> 0:08:25.560 President Biden Supreme Court nominee Judge Katanji Brown Jackson this afternoon. 0:08:25.880 --> 0:08:28.640 Senate Majority Leader Chuck Schumer made the announcement on the 0:08:28.640 --> 0:08:32.880 floor last night. First and foremost, we have reached an 0:08:32.920 --> 0:08:36.800 agreement for the Senate to conclude the confirmation process of 0:08:36.920 --> 0:08:40.440 Judge Katangi Brown Jackson. Jackson would become the first black 0:08:40.480 --> 0:08:43.320 woman to sit on the nation's highest court. The House 0:08:43.400 --> 0:08:46.560 voted to hold two former top Trump administration officials in 0:08:46.640 --> 0:08:50.680 contempt of Congress for defining subpoenas from the committee investigating 0:08:50.679 --> 0:08:54.079 the riot at the US Capitol. Committee Chair Bennie Thompson. 0:08:54.240 --> 0:08:57.000 We act the individuals, subpoena at them that come before 0:08:57.040 --> 0:08:59.920 the committee, and they chose not to come, and they 0:09:00.080 --> 0:09:02.280 full they broke the law, and that's why we are 0:09:02.320 --> 0:09:05.720 here today. Representative Many Thompson says, the near party line 0:09:05.760 --> 0:09:09.040 vote sends the contempt resolution for Dan's Covino and Peter 0:09:09.120 --> 0:09:13.200 Navarro for referral to the Justice Department for possible prosecution. 0:09:13.720 --> 0:09:17.200 The Postal Reform Act is now law. President Biden says 0:09:17.240 --> 0:09:20.280 the legislation guarantees that the mail will continue to be 0:09:20.320 --> 0:09:23.959 delivered six days a week. Build increases transparency by requiring 0:09:23.960 --> 0:09:27.720 the postal service to develop online on an online public 0:09:27.800 --> 0:09:32.600 dashboard updated weekly with local and national service performance data. 0:09:32.840 --> 0:09:36.040 President Biden says Congress voted to end a law that 0:09:36.080 --> 0:09:38.880 forced the Post Office to put aside billions for future 0:09:38.880 --> 0:09:43.400 retirees healthcare. They'll now take Medicare instead. Global News twenty 0:09:43.400 --> 0:09:46.040 four hours a day on air and on Bloomberg quick Take, 0:09:46.120 --> 0:09:49.400 powered by more than undred journalists and analysts in more 0:09:49.400 --> 0:09:51.599 than a hundred twenty countries. I'm Michael Barr. This is 0:09:51.640 --> 0:09:59.080 Bloomberg Nathan, thank you, Michael six o nine. I'm all street. 0:09:59.120 --> 0:10:02.680 Time for the Bloomberg's works out there, all right, Nathan Nickson, 0:10:02.679 --> 0:10:04.640 Nets set the garden. First half is all next they 0:10:04.640 --> 0:10:06.679 had a nineteen to nothing wrong. They let at one 0:10:06.679 --> 0:10:09.400 point by twenty one, but the Nets were not exactly 0:10:09.440 --> 0:10:11.600 known for their defense, held the Knicks to the second 0:10:11.640 --> 0:10:14.280 after thirty one points. They had scored thirty eight in 0:10:14.320 --> 0:10:17.160 the second quarter. The Nets scored thirty eight in the fourth. 0:10:17.200 --> 0:10:20.880 They won one. Kevin rant scored thirty two points and 0:10:20.920 --> 0:10:23.640 had a triple double. Obviously, every game is important for us, 0:10:23.679 --> 0:10:27.600 and not just understandings, but for us to I ain't 0:10:27.640 --> 0:10:29.160 a build on what we want to do out there. 0:10:29.480 --> 0:10:33.400 Um and I think the first half we didn't. We 0:10:33.480 --> 0:10:36.240 didn't play Nets Brandon basketball stuff that would teach about 0:10:36.679 --> 0:10:39.000 xcut crackers every day. We're not at the second half, 0:10:39.880 --> 0:10:42.680 you know, that's what we are. That Katie mentioned the 0:10:42.720 --> 0:10:45.400 standings the Nets in the battle with Cleveland and Atlanta 0:10:45.520 --> 0:10:47.800 to finish seventh, that means one win at home and 0:10:47.880 --> 0:10:50.040 you can advance Rangers. It was Pittsburgh tonight that could 0:10:50.080 --> 0:10:52.520 be a playoff preview. While the Yankee open at the stadium, 0:10:52.559 --> 0:10:54.640 but the Red Sox was moved to tomorrow. The Mets 0:10:54.640 --> 0:10:58.400 opener in Washington is on despite some range forecasting d C. 0:10:58.600 --> 0:11:01.200 They did push the start from four o'clock back to seven. 0:11:01.600 --> 0:11:03.520 The Mets hope to have Jacob mcgram on the mount 0:11:03.520 --> 0:11:05.760 for the opener. If not him, then Max Scherzer instead. 0:11:05.800 --> 0:11:08.640 It's Tyler and McGill. The grand may not pitch until 0:11:08.679 --> 0:11:10.880 June to a shoulder injury. Shurger has got a tight 0:11:10.880 --> 0:11:14.320 hamstring is expected to make his Mets debut tomorrow against 0:11:14.320 --> 0:11:17.160 his old team Well Tiger Woods is surprisingly in the 0:11:17.200 --> 0:11:19.920 master's field. Phil Nicholson is not missing his first Master's 0:11:20.240 --> 0:11:23.600 nineteen nine four or three time champ, taking time off. 0:11:23.640 --> 0:11:26.000 He was criticized for his disparaging the Marks about the 0:11:26.040 --> 0:11:29.360 PGA tour. The Masters says Michelson was invited and it 0:11:29.440 --> 0:11:32.439 was his decision not to play. Bloomberg Radio with hourly 0:11:32.520 --> 0:11:35.520 Masters updates starting today and the Master's tonight show at 0:11:35.520 --> 0:11:39.319 eleven John stash Award Bloomberg Sports Nathan Okay, John, thank you. 0:11:39.520 --> 0:11:43.200 SMP futures gaining strength now up twelve point, stoun futures 0:11:43.240 --> 0:11:47.120 up thirty two. Nanstack futures higher by seventy four points. 0:11:47.120 --> 0:11:49.960 The tenure Treasury is up four thirty seconds, the yield 0:11:50.320 --> 0:11:52.680 two point five eight percent. Deald on the two year 0:11:52.679 --> 0:11:56.840 two point for three nimex crewed up one point two percent, 0:11:56.920 --> 0:11:59.880 up a dollar seventeen at ninety seven dollars forty since 0:12:00.000 --> 0:12:08.120 a barrel. You're listening to Bloomberg day Break. Bloomberg day 0:12:08.120 --> 0:12:09.920 Break is brought to you by the Jewish Communal Fund 0:12:10.000 --> 0:12:12.280 j c F. Stner Advised Fund is the smart choice 0:12:12.280 --> 0:12:14.959 to manage your philanthropy, especially in times of crisis. Make 0:12:15.000 --> 0:12:18.360 your giving impactful. Visit j c F n y dot org. 0:12:24.720 --> 0:12:28.120 Markets headlines and breaking news twenty four hours a day 0:12:28.240 --> 0:12:31.200 at Bloomberg dot com, the Bloomberg Business at and at 0:12:31.200 --> 0:12:41.160 Bloomberg Quick Tape He's a Bloomberg Business blash and I'm 0:12:41.200 --> 0:12:44.199 Karen Moscow. And markets are showing signs of stabilizing as 0:12:44.200 --> 0:12:46.480 traders step in after a sell off sparked by the 0:12:46.480 --> 0:12:48.960 federal reserves hawk ish tilt. We checked the markets every 0:12:48.960 --> 0:12:51.839 fifteen minutes throughout the trading day on Bloomberg s and 0:12:51.880 --> 0:12:54.960 P futures up twelve points, staff futures out up thirty. 0:12:55.440 --> 0:12:58.079 Nastag Future is also higher up seventy five. The Dacks 0:12:58.120 --> 0:13:00.679 in Germany's up about six tenths of upper set ten. 0:13:00.760 --> 0:13:03.160 Your treasury at five thirty seconds hill two point five 0:13:03.200 --> 0:13:05.439 seven percent. The yield on the two year two point 0:13:05.440 --> 0:13:08.320 four three percent NIMEX screwed oil is at one point 0:13:08.360 --> 0:13:10.640 two percent of a dollar twelve at ninety seven dollar 0:13:10.720 --> 0:13:13.040 thirty five cents of Barrel comic school there is up 0:13:13.040 --> 0:13:15.200 four tenths per cent, or seven dollar sixty cents. At 0:13:15.240 --> 0:13:18.560 nineteen thirty seventy announced. The euro one point eight nine 0:13:18.600 --> 0:13:21.000 six against the dollar. British found one point three zero 0:13:21.080 --> 0:13:23.440 eight zero, The n is at one twenty three point 0:13:23.520 --> 0:13:28.120 seven three, and bitcoin it's lower, down about one percent 0:13:28.240 --> 0:13:31.120 at forty three thousand, four hundred fifty dollars. That's a 0:13:31.160 --> 0:13:33.719 bloomberg business flash. Now here's Michael Barrow with more on 0:13:33.840 --> 0:13:36.360 what's going on around the world. Michael Karen, thank you 0:13:36.440 --> 0:13:39.280 very much. The United Nations General Assembly is set to 0:13:39.320 --> 0:13:41.719 vote today on the weather to suspend Russia from the 0:13:41.800 --> 0:13:45.559 Human Rights Council. President Joe Biden accused the Kremlin's forces 0:13:45.600 --> 0:13:49.120 of committing major war crimes in Ukraine. It is opening 0:13:49.160 --> 0:13:51.800 day in Major League Baseball. The Mets are at the Nationals. 0:13:51.960 --> 0:13:54.480 The Yankees Red Sox opener in New York has been 0:13:54.480 --> 0:13:57.680 postponed because of the weather. In the NBA, the Nets 0:13:57.800 --> 0:14:01.640 beat the next one ten Celtics won, the Wizards lost 0:14:01.840 --> 0:14:04.959 in the NHL. The Capitol's won in golf. Round one 0:14:04.960 --> 0:14:07.960 of the Masters begins today. Tiger Woods is back in 0:14:08.000 --> 0:14:12.240 the field fourteen months after a devastating car crash. Stay 0:14:12.280 --> 0:14:15.480 tuned for updates every hour on Bloomberg Radio and a 0:14:15.559 --> 0:14:18.920 special edition of Masters tonight coming up at eleven pm. 0:14:18.960 --> 0:14:21.960 Eastern Global News twenty four hours a day on air 0:14:22.040 --> 0:14:24.880 and on Bloomberg Quick Take, powered by more than twenty 0:14:24.960 --> 0:14:27.800 seven hundred journalists anialist more than a hundred twenty countries. 0:14:28.160 --> 0:14:31.560 Michael Barr And this is Bloomberg. Nathan, Okay, Michael, thank you. 0:14:31.640 --> 0:14:34.400 It is six nineteen on Wall Street Live from the 0:14:34.400 --> 0:14:38.760 Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak as we 0:14:38.800 --> 0:14:41.480 continue our coverage of the war in Ukraine and the 0:14:41.520 --> 0:14:44.960 sanctions pressure on Russia. Were joined once again by Bloomberg 0:14:44.960 --> 0:14:48.560 New Senior reporter for International Affairs, Mark Champion Market as 0:14:48.600 --> 0:14:50.640 always to have you with us this morning. I know 0:14:50.720 --> 0:14:54.280 you've been monitoring the NATO Foreign Ministers meeting in Brussels, 0:14:54.320 --> 0:14:58.080 it sounds like Ukraine's Foreign minister, Demetro Kuleba, has been 0:14:58.160 --> 0:15:03.600 really putting pressure on for more support for his country. Yes. Absolutely, 0:15:03.640 --> 0:15:07.040 I mean there's a recognition in Ukraine that the sanctions 0:15:07.080 --> 0:15:09.240 are all well and good, and they're pushing very hard 0:15:09.320 --> 0:15:13.640 for heavier sanctions on Russia. But in a very short term, 0:15:14.200 --> 0:15:17.320 on the battlefield, the thing that really makes the difference 0:15:17.560 --> 0:15:22.640 is weapons, and uh, the Ukrainians have sort of need 0:15:22.720 --> 0:15:27.040 to scale up if they're going to start taking territory back, 0:15:27.080 --> 0:15:31.920 so they'll need more than light weapons. They'll need heavier stuff, um, 0:15:31.960 --> 0:15:35.440 you know, stuff that makes them mobile tanks, etcetera. Um, 0:15:35.640 --> 0:15:38.160 and better air defenses. So there's a there's a big 0:15:38.200 --> 0:15:41.960 shopping list. There is there any indication from NATO that 0:15:42.160 --> 0:15:45.840 it's sounding open to that idea. It has been resistant 0:15:45.920 --> 0:15:48.280 up to now to bringing in some of those heavier weapons, 0:15:48.320 --> 0:15:52.680 particularly in the air. Yes, it has, and you know 0:15:53.040 --> 0:15:56.680 some of that remains there, you know, important you know 0:15:57.400 --> 0:16:02.920 worries about bringing things, uh, you know, airplanes into into 0:16:03.040 --> 0:16:06.880 Ukrainian airspace from NATO airspace in terms of how that 0:16:06.920 --> 0:16:10.440 would be viewed by Russia. But at the same time 0:16:10.480 --> 0:16:13.000 you're starting to see some kinds of weapons that you 0:16:13.040 --> 0:16:19.400 know weren't being considered before. The The UK is looking 0:16:19.440 --> 0:16:24.360 at sending armored vehicles now UH and the US was 0:16:24.480 --> 0:16:26.280 just a couple of days ago said that it would 0:16:26.560 --> 0:16:34.080 help with the renovation of the Soviet designed tanks to 0:16:34.160 --> 0:16:39.200 be sent into Ukraine. So there is some movement in 0:16:39.200 --> 0:16:43.960 those terms, but really the the issue for the Ukrainians 0:16:44.040 --> 0:16:48.520 is the sheer speed and scale of supply that they 0:16:48.560 --> 0:16:52.840 would need. We're also sorry, Mark, We're also seeing some 0:16:52.920 --> 0:16:56.760 reporting just across the Bloomberg Terminal of potential hurdles when 0:16:56.800 --> 0:17:00.760 it comes to European sanctions on Russia. There's this push 0:17:00.840 --> 0:17:04.879 our for a coal import band, but sources are telling 0:17:04.960 --> 0:17:07.479 us that there may be a split between Poland and 0:17:07.600 --> 0:17:11.959 Germany when it comes to how to phase in this band. 0:17:12.400 --> 0:17:16.800 Germany's pushing to wait until August for coal imports to 0:17:16.840 --> 0:17:21.359 be embargoed. How unified is the European Union at this 0:17:21.440 --> 0:17:26.760 point when it comes to sanctioning Russian energy? Absolutely, I 0:17:26.800 --> 0:17:30.119 mean this is business as usual for the EU. UH 0:17:30.160 --> 0:17:33.960 and the speed with which you know previous sanctions were 0:17:34.000 --> 0:17:38.919 agreed to UM was actually quite unusual. So you know, 0:17:39.680 --> 0:17:42.520 as as usual, what happens is that that the Commission 0:17:42.960 --> 0:17:47.720 will propose a set of sanctions and that gets reported 0:17:47.880 --> 0:17:51.600 and then it has to be decided by uh the 0:17:52.280 --> 0:17:54.440 you know, the the member states, and there's a lot 0:17:54.480 --> 0:17:58.240 of them who have very different situations and interests um 0:17:58.400 --> 0:18:01.399 and uh. You know, Germany in particularly gets a lot 0:18:01.440 --> 0:18:04.920 of its coal from Russia, um, and it will need 0:18:04.960 --> 0:18:07.880 to find ways to just to plant that. And at 0:18:07.880 --> 0:18:11.640 the moment, given that Russia, Germany has is in the 0:18:11.680 --> 0:18:16.399 middle of the phasing out the last of its nuclear energy. Uh, 0:18:16.480 --> 0:18:19.600 you know, it has few alternatives, and natural gas is 0:18:19.600 --> 0:18:22.040 one of them, and that's just as as problematic because 0:18:22.080 --> 0:18:24.280 most of that comes from Russia. Yeah, you raise an 0:18:24.280 --> 0:18:26.560 interesting point there when you say that it did come 0:18:26.600 --> 0:18:28.119 as a bit of a surprise when we got that 0:18:28.160 --> 0:18:31.600 initial announcement on the coal band coming so quickly. If 0:18:31.640 --> 0:18:33.760 we are starting to see these hurdles here, Mark, what 0:18:33.840 --> 0:18:37.320 does that mean for potentially sanctions later on down the 0:18:37.359 --> 0:18:40.440 line on Russian oil and gas? There had been some 0:18:40.480 --> 0:18:42.959 thought that maybe that they would be sanctioned later on. 0:18:43.080 --> 0:18:47.800 Does that push the timeline back further? You know, the 0:18:47.840 --> 0:18:50.800 oil and gas were always going to be very difficult, 0:18:50.880 --> 0:18:53.720 and they still aren't very difficult. Um, you know that 0:18:54.520 --> 0:18:56.960 it would have been inconceivable just a few weeks ago. 0:18:57.240 --> 0:19:01.520 It's now under discussion, so that already is you know, 0:19:01.640 --> 0:19:05.280 quite a move. But I think, you know, Cole is 0:19:05.320 --> 0:19:08.760 doable and they'll get there and there'll be a negotiation 0:19:08.800 --> 0:19:11.720 about how long it takes. Um. You know, in terms 0:19:11.800 --> 0:19:15.200 of the phase in oil and gas, I think will 0:19:15.240 --> 0:19:18.000 be a much tougher discussion, discussion, But I wouldn't. You 0:19:18.000 --> 0:19:20.560 can't rule anything out at this point because this conflict 0:19:20.560 --> 0:19:25.120 has changed so many deeply in transpositions already. Mark Champion 0:19:25.280 --> 0:19:28.240 Bloomberg new senior reporter for international affairs. As always, thanks 0:19:28.320 --> 0:19:30.399 for the update on what's happening in the war in 0:19:30.520 --> 0:19:35.960 Ukraine and particularly uh the sanctions debate continuing in Europe. 0:19:36.119 --> 0:19:39.240 Looking ahead to the market open on Wall Street, futures 0:19:39.240 --> 0:19:41.520 are moving higher. We have SMP futures up thirteen and 0:19:41.560 --> 0:19:43.520 a half points now, TOW future is up thirty five, 0:19:43.600 --> 0:19:46.119 NESTSECT futures on the rise by seventy eight points, and 0:19:46.240 --> 0:19:48.520 the tenure treasury up five thirty seconds of the yield 0:19:48.520 --> 0:19:52.280 two point five seven percent. Just ahead the Ruble comes 0:19:52.320 --> 0:19:55.440 back from the rubble, and Warren Buffett sends a tech 0:19:55.600 --> 0:19:59.960 stock surging top stories of the morning. Just ahead, you'll 0:20:00.000 --> 0:20:08.600 listening to Bloomberg Daybreak and Bloomberg Daybreak is brought to 0:20:08.640 --> 0:20:11.439 you by ancient accountants and advisers. Challenging times call for 0:20:11.480 --> 0:20:14.760 proactive advisors who helped minimize taxes, increased cash flow, and 0:20:14.800 --> 0:20:17.640 create opportunities for the future of your business. Visit Ancient 0:20:18.000 --> 0:20:26.400 dot Com broadcasting live from the Bloomberg Interactive Broker Studio 0:20:26.520 --> 0:20:29.720 in New York, Bloomberg Living Freedom to Washington, d C, 0:20:29.880 --> 0:20:33.400 Bloomberg nine nine one to Boston, Bloomberg one O six 0:20:33.440 --> 0:20:36.640 one to San Francisco, Bloomberg nine sixteen to the Country, 0:20:36.720 --> 0:20:39.359 Sirius XM to the one nine Tea and around the 0:20:39.359 --> 0:20:43.440 globe the Bloomberg Business in Bloomberg Radio dot Com. This 0:20:43.760 --> 0:20:51.760 is Bloomberg Daybreak, six thirty on Wall Street. Good morning, 0:20:51.760 --> 0:20:54.840 I'm Nathan Hagar and I'm Karen Moscow. We're just about 0:20:54.840 --> 0:20:57.160 three hours away from the open of US trading. Time 0:20:57.160 --> 0:20:59.320 for the five things you need to notice start your day. 0:20:59.359 --> 0:21:03.560 Brought to you Interactive Brokers. Interactive Brokers charges margin loan 0:21:03.640 --> 0:21:05.800 rates from zero point a three percent to one point 0:21:05.960 --> 0:21:09.040 three percent rate subject to change. Learn more at ibkr 0:21:09.160 --> 0:21:13.080 dot com slash compare. First, the United Nations General Assembly 0:21:13.240 --> 0:21:15.840 votes today on whether to suspend Russia from the Human 0:21:15.920 --> 0:21:18.720 Rights Council. A key NATO meeting focused on the war 0:21:18.880 --> 0:21:22.120 is also underway in Brussels. Bloomberg's Maria Todayo is there 0:21:22.119 --> 0:21:25.720 and reports Ukraine's foreign minister is asking NATO for more weapons. 0:21:25.920 --> 0:21:28.520 The Ukraini for Amiser said the time for the reassurance 0:21:28.640 --> 0:21:30.679 is over. Is very clear for Ukraine have had a 0:21:30.680 --> 0:21:33.000 big reality check on this. The nature is not going 0:21:33.080 --> 0:21:34.760 to fight this war on the ground, but he says, 0:21:34.760 --> 0:21:37.600 at this point what we need is big weapons. The 0:21:37.640 --> 0:21:40.760 focus from the Ukrainian foreign ministers to walk away, walk 0:21:40.800 --> 0:21:43.640 out from this meeting with a clear plets from NATO 0:21:43.720 --> 0:21:46.640 that we are now going to see heavy tax potentially 0:21:46.880 --> 0:21:49.120 also missiles. He wants to come out of this meeting 0:21:49.200 --> 0:21:52.159 with a clear signal from them that he will get it, 0:21:52.359 --> 0:21:55.720 and Bloombergus Maria Todao says Ukraine is also calling out Germany, 0:21:55.800 --> 0:21:59.280 specifically saying the country has been too slow to help meantime. 0:21:59.320 --> 0:22:01.720 In Financial Mark It's Karen the Russian ruble has made 0:22:01.720 --> 0:22:04.760 a comeback. Trading dead levels seen before the war began 0:22:04.920 --> 0:22:07.520 right now at about seventy nine per dollar, and we 0:22:07.600 --> 0:22:10.359 shifted the economy now, Nathan, and markets here in the US, 0:22:10.480 --> 0:22:13.199 investors are still working through the Fence plant to parents 0:22:13.240 --> 0:22:16.000 balance sheet, will also hiking interest rates. We get the 0:22:16.040 --> 0:22:19.040 details life at the Bloomberdge John Tucker, John Karen Menace 0:22:19.080 --> 0:22:21.080 from the Fence March meetings show a hawk is till 0:22:21.160 --> 0:22:24.240 the officials were focused on tamping down inflation and appline 0:22:24.320 --> 0:22:26.159