Speaker 1: Bye from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for Thursday, April seven two. Coming up this hour,
Speaker 1: the US and its allies lineup more sanctions on Russia
Speaker 1: as a frost cities in Ukraine grow stock sell off
Speaker 1: after hawkish minutes from the Federal Reserve. And let's tell
Speaker 1: you which company surging on news of a four billion
Speaker 1: dollars stake from Warren Buffett. The rate of major crimes
Speaker 1: in New York City is up. Plus it's confirmation day
Speaker 1: for Supreme Court nominee. That's Donji Brown Jackson by my
Speaker 1: bloo Blarm. More ahead, I'm John skash Shower and Sports
Speaker 1: Second have come back by the Nets to beat the nixt.
Speaker 1: The Master's seeds off today, and the Mets open their
Speaker 1: season in Washington. That's all straight ahead on Bloomberg day
Speaker 1: Break on Bloomberg eleven Trio, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine six, Francisco,
Speaker 1: Sirius x M one nineteen and around the world on
Speaker 1: Bloomberg Radio dot com and via the Bloomberg Business app.
Speaker 1: Fany Good morning of Bethan Hager and I'm Karen Moscow
Speaker 1: and SMP futures are higher this morning. It is coming
Speaker 1: up to six oh one on Wall Street, and I
Speaker 1: check the markets every fifteen minutes throughout the trading day
Speaker 1: on Bloomberg. Right now, SMP futures are up about thirteen
Speaker 1: points down, futures up thirty six, and NASTAC futures up
Speaker 1: seventies six, So futures are strengthening this morning. The decks
Speaker 1: in Germany's up about six tenths of upper sent ten.
Speaker 1: Your treasury up six thirty seconds. You're two point five
Speaker 1: seven percent. They yield on the two year two point
Speaker 1: four three percent. NIMEX screwed oil is up one percent,
Speaker 1: or ninety one cents and ninety seven dollars twelve cents
Speaker 1: of barrel. The euro one pot eight nine three against
Speaker 1: the dollar. Nathan, all right, Karen, we'll have more on
Speaker 1: the markets in a minute. First, the latest on the
Speaker 1: war and more evidence of atrocities against civilians in Ukraine.
Speaker 1: The US and its satellites are lining up more sanctions
Speaker 1: on Russia. Amy Morris has more from our Bloomberg N
Speaker 1: one newsroom in Washington. These new sanctions target two of
Speaker 1: Russia's biggest banks and Vladimir Putin's adult daughters. Chatham House
Speaker 1: associate fellow Katerina Waldschack tells Bloomberg Television Russia was the
Speaker 1: eleventh largest economy in the world, so there are consequences
Speaker 1: beyond Russia's borders. Wolves the West now really reckons with
Speaker 1: is the funk that we have very extensive interdependence with Russia,
Speaker 1: with Russians, with the financial institution for Russian banks, but
Speaker 1: specifically energy slow and European foreign ministers are likely to
Speaker 1: discuss an oil embargo on Russia when they meet next week.
Speaker 1: Ukraine's foreign minister pleaded for more weapons during a NATO
Speaker 1: meeting in Brussels. The mayor of Mariople says more than
Speaker 1: five thousand civilians have been killed in his city. In Washington,
Speaker 1: I'm maybe Morris Bloomberg daybreak, All right, Amy, thank you all.
Speaker 1: Another note on the war. It looks like the United
Speaker 1: Nations General Assembly could end up suspending Russia from the
Speaker 1: Human Rights Council. The Council plans to vote on a
Speaker 1: matter later today. On the days after the war began,
Speaker 1: caring the Russian ruble collapsed, Sanctions on Moss go sank
Speaker 1: it to a record low of one one per dollar.
Speaker 1: Things look so dire. President Biden said the ruble had
Speaker 1: been reduced to rubble, but now the ruble has searched
Speaker 1: all the way back to where it was before Putin
Speaker 1: invaded Ukraine. Right now trading at about seventy eight per dollar.
Speaker 1: And we're seeing fallout this morning from one company's exit
Speaker 1: from Russia and Nathan shares of Shander down one percent
Speaker 1: in early trading. The oil giants said it's withdrawal from
Speaker 1: the country will result in four to five billion dollars
Speaker 1: of impairments. Shall also warns that price volatility in the
Speaker 1: first quarter could hit cash flow. All right, let's shift
Speaker 1: to the economy and markets back here in the US now,
Speaker 1: Karen investors are still working through the Fence planned to
Speaker 1: parents balance sheet by more than one trillion dollars a
Speaker 1: year while also hiking interest rates. Let's get more live
Speaker 1: from Bloomberg's John Tucker John Nathan. The plan is spelled
Speaker 1: out in the just released minutes of the Fence March meeting.
Speaker 1: Many officials viewed one or more half point interest rate
Speaker 1: increases as possibly appropriate going forward. That's if the rate
Speaker 1: of inflation doesn't come down. They also proposed shrinking the
Speaker 1: Central Bank's balance sheet in line with market expectations. Michael
Speaker 1: Sheldon at High Tower r d M Financial Group says
Speaker 1: the fan has been down this road before. They also,
Speaker 1: unfortunately have a poor track record of raising rates too
Speaker 1: aggressively and causing a downturn in the economy. And that's
Speaker 1: what I think investors are getting kind of a jittery
Speaker 1: about right now. Michael Sheldon of r d M worries
Speaker 1: the Santa banquets slow growth more than it intends. Bloomberg
Speaker 1: Economics says the Fed minutes show noticeably more alarm about
Speaker 1: recent inflation developments. Live in New York on John Tucker
Speaker 1: Bloomberg Daybreak. All right, John, thank you well. Stocks in
Speaker 1: Asia slid overnight, hitting a three week low, and there's
Speaker 1: concern our rapid rise in US interest rates good hit
Speaker 1: growth and hurt earnings. Do we get the recap from
Speaker 1: Bloomberg's Juliette Salion Singapore. Good morning, Juliette, Good morning, Karen.
Speaker 1: The m s c I Asia Pacific Index lost as
Speaker 1: much as one point three percent for a third day
Speaker 1: of declines, led by tech shares in Japan and Taiwan.
Speaker 1: Stokes in Hong Kong and China fell while the one
Speaker 1: weekend as officials once again signaled they intend to loosen
Speaker 1: policy amid the car It outbreak and property market was
Speaker 1: a Bloomberg Intelligence gauge tracking McCaw casinos, Stokes Film more
Speaker 1: than three percent as a number of third party casinos
Speaker 1: could end their gaming operations in Macau in Singapore. Juliette
Speaker 1: Sally Bloomberg Daybreak. All right, Juliet, thank you. Back here
Speaker 1: in the US, a big name in PCs is getting
Speaker 1: a boost from a big name on Wall Street. Shares
Speaker 1: of HP are surging nearly fifteen percent on word of
Speaker 1: an investment from Warren Buffett. Let's get the latest live
Speaker 1: from Bloomberg's Rnita Young. Good morning, Rnita, Good morning, Nathan.
Speaker 1: Warren Buffett's Berkshire Hathaway bought a steak in HP valued
Speaker 1: at more than four point two billion dollars. The stock
Speaker 1: was purchased in multiple transactions this week, and a regulatory
Speaker 1: filing shows Berkshire now holds about one million shares of HP. Now,
Speaker 1: Berkshire has historically shied away from technology investments, but it's
Speaker 1: leaned further into that sector. In recent years. Live in
Speaker 1: New York. I'm Nita Young, Bloomberg Daybreak. All right, Grinita,
Speaker 1: thank you. Turning to the pandemic. Now, there's concerned about
Speaker 1: a potential rage and new COVID cases and that has
Speaker 1: FDA advisors worried about vaccine plans. Bloomberg said, Baxter has
Speaker 1: the story. The advisors say the FDA should be developing
Speaker 1: a consistent standard for vaccines as new variants emerge. They
Speaker 1: say the odds are roughly twenty of another Oh Macron
Speaker 1: like event in the next twelve months. And i H
Speaker 1: Director Dr Anthony Fauci on Bloomberg's Balance of Power with
Speaker 1: David Weston says it will depend on a number of things.
Speaker 1: Hopefully there's enough background immunity so that we don't wind
Speaker 1: up with a lot of hospitalization. Is the best way
Speaker 1: to avoid that, it is to get more people vaccinated
Speaker 1: and boosted. In San Francisco, I'm at Baxter Bloomberg Daybreak.
Speaker 1: Thanks said, there's word of a big name in finance
Speaker 1: with COVID. This morning, Christine Lagarde says she's tested positive.
Speaker 1: The European Central Bank president says her symptoms are reasonably
Speaker 1: mild and won't have impact on the operations of the
Speaker 1: ECB well. Another impact we're seeing from the pandemic, Nathan
Speaker 1: brings us to the housing market. A new report by
Speaker 1: real estate research firm Adam Data Solution shows home prices
Speaker 1: and some of the country's pricest neighborhoods staying somewhat subdued.
Speaker 1: Upscale suburbs of Washington, d C. And wealthy New York
Speaker 1: towns are among the markets with the slowest price appreciation.
Speaker 1: Defining show the spread of remote work during the pandemic
Speaker 1: has allowed many people to op for a living somewhere
Speaker 1: more affordable. Your latest local headlines, check his sports all
Speaker 1: straight ahead. This is Bloomberg. Thanks King six or seven
Speaker 1: on Wall Street, forty six degrees in Central Park. We
Speaker 1: gotta crash on the southbound Harlem River Drive by a
Speaker 1: D five. Details coming up in traffic. First Michael Barb
Speaker 1: with more on what's going on in New York and
Speaker 1: around the world. Good morning, Michael, Good morning Nathan. Major
Speaker 1: crime in New York City rose by thirty six point
Speaker 1: five percent in March from a year ago, despite Mayor
Speaker 1: Eric Adam's efforts to reduce a spike of incidents that
Speaker 1: have persisted since the pandemic began. The m I p
Speaker 1: D says citywide shooting incidents increased by more than sixteen
Speaker 1: percent in my p D Commissioner keeaching Seoul. While there
Speaker 1: is no doubt that we face challenges and reversing years
Speaker 1: will not take weeks, the end YPD remains steadfast in
Speaker 1: its vision, plan and commitment to the residents, businesses and
Speaker 1: visitors to this city. Commissioner Sewell's has the number of
Speaker 1: homicides fell by almost sixteen percent from a year ago,
Speaker 1: robberies rose by more than forty eight percent, and burglaries
Speaker 1: jumped by The Senate will vote on final confirmation of
Speaker 1: President Biden Supreme Court nominee Judge Katanji Brown Jackson this afternoon.
Speaker 1: Senate Majority Leader Chuck Schumer made the announcement on the
Speaker 1: floor last night. First and foremost, we have reached an
Speaker 1: agreement for the Senate to conclude the confirmation process of
Speaker 1: Judge Katangi Brown Jackson. Jackson would become the first black
Speaker 1: woman to sit on the nation's highest court. The House
Speaker 1: voted to hold two former top Trump administration officials in
Speaker 1: contempt of Congress for defining subpoenas from the committee investigating
Speaker 1: the riot at the US Capitol. Committee Chair Bennie Thompson.
Speaker 1: We act the individuals, subpoena at them that come before
Speaker 1: the committee, and they chose not to come, and they
Speaker 1: full they broke the law, and that's why we are
Speaker 1: here today. Representative Many Thompson says, the near party line
Speaker 1: vote sends the contempt resolution for Dan's Covino and Peter
Speaker 1: Navarro for referral to the Justice Department for possible prosecution.
Speaker 1: The Postal Reform Act is now law. President Biden says
Speaker 1: the legislation guarantees that the mail will continue to be
Speaker 1: delivered six days a week. Build increases transparency by requiring
Speaker 1: the postal service to develop online on an online public
Speaker 1: dashboard updated weekly with local and national service performance data.
Speaker 1: President Biden says Congress voted to end a law that
Speaker 1: forced the Post Office to put aside billions for future
Speaker 1: retirees healthcare. They'll now take Medicare instead. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg quick Take,
Speaker 1: powered by more than undred journalists and analysts in more
Speaker 1: than a hundred twenty countries. I'm Michael Barr. This is
Speaker 1: Bloomberg Nathan, thank you, Michael six o nine. I'm all street.
Speaker 1: Time for the Bloomberg's works out there, all right, Nathan Nickson,
Speaker 1: Nets set the garden. First half is all next they
Speaker 1: had a nineteen to nothing wrong. They let at one
Speaker 1: point by twenty one, but the Nets were not exactly
Speaker 1: known for their defense, held the Knicks to the second
Speaker 1: after thirty one points. They had scored thirty eight in
Speaker 1: the second quarter. The Nets scored thirty eight in the fourth.
Speaker 1: They won one. Kevin rant scored thirty two points and
Speaker 1: had a triple double. Obviously, every game is important for us,
Speaker 1: and not just understandings, but for us to I ain't
Speaker 1: a build on what we want to do out there.
Speaker 1: Um and I think the first half we didn't. We
Speaker 1: didn't play Nets Brandon basketball stuff that would teach about
Speaker 1: xcut crackers every day. We're not at the second half,
Speaker 1: you know, that's what we are. That Katie mentioned the
Speaker 1: standings the Nets in the battle with Cleveland and Atlanta
Speaker 1: to finish seventh, that means one win at home and
Speaker 1: you can advance Rangers. It was Pittsburgh tonight that could
Speaker 1: be a playoff preview. While the Yankee open at the stadium,
Speaker 1: but the Red Sox was moved to tomorrow. The Mets
Speaker 1: opener in Washington is on despite some range forecasting d C.
Speaker 1: They did push the start from four o'clock back to seven.
Speaker 1: The Mets hope to have Jacob mcgram on the mount
Speaker 1: for the opener. If not him, then Max Scherzer instead.
Speaker 1: It's Tyler and McGill. The grand may not pitch until
Speaker 1: June to a shoulder injury. Shurger has got a tight
Speaker 1: hamstring is expected to make his Mets debut tomorrow against
Speaker 1: his old team Well Tiger Woods is surprisingly in the
Speaker 1: master's field. Phil Nicholson is not missing his first Master's
Speaker 1: nineteen nine four or three time champ, taking time off.
Speaker 1: He was criticized for his disparaging the Marks about the
Speaker 1: PGA tour. The Masters says Michelson was invited and it
Speaker 1: was his decision not to play. Bloomberg Radio with hourly
Speaker 1: Masters updates starting today and the Master's tonight show at
Speaker 1: eleven John stash Award Bloomberg Sports Nathan Okay, John, thank you.
Speaker 1: SMP futures gaining strength now up twelve point, stoun futures
Speaker 1: up thirty two. Nanstack futures higher by seventy four points.
Speaker 1: The tenure Treasury is up four thirty seconds, the yield
Speaker 1: two point five eight percent. Deald on the two year
Speaker 1: two point for three nimex crewed up one point two percent,
Speaker 1: up a dollar seventeen at ninety seven dollars forty since
Speaker 1: a barrel. You're listening to Bloomberg day Break. Bloomberg day
Speaker 1: Break is brought to you by the Jewish Communal Fund
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Speaker 1: Markets headlines and breaking news twenty four hours a day
Speaker 1: at Bloomberg dot com, the Bloomberg Business at and at
Speaker 1: Bloomberg Quick Tape He's a Bloomberg Business blash and I'm
Speaker 1: Karen Moscow. And markets are showing signs of stabilizing as
Speaker 1: traders step in after a sell off sparked by the
Speaker 1: federal reserves hawk ish tilt. We checked the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg s and
Speaker 1: P futures up twelve points, staff futures out up thirty.
Speaker 1: Nastag Future is also higher up seventy five. The Dacks
Speaker 1: in Germany's up about six tenths of upper set ten.
Speaker 1: Your treasury at five thirty seconds hill two point five
Speaker 1: seven percent. The yield on the two year two point
Speaker 1: four three percent NIMEX screwed oil is at one point
Speaker 1: two percent of a dollar twelve at ninety seven dollar
Speaker 1: thirty five cents of Barrel comic school there is up
Speaker 1: four tenths per cent, or seven dollar sixty cents. At
Speaker 1: nineteen thirty seventy announced. The euro one point eight nine
Speaker 1: six against the dollar. British found one point three zero
Speaker 1: eight zero, The n is at one twenty three point
Speaker 1: seven three, and bitcoin it's lower, down about one percent
Speaker 1: at forty three thousand, four hundred fifty dollars. That's a
Speaker 1: bloomberg business flash. Now here's Michael Barrow with more on
Speaker 1: what's going on around the world. Michael Karen, thank you
Speaker 1: very much. The United Nations General Assembly is set to
Speaker 1: vote today on the weather to suspend Russia from the
Speaker 1: Human Rights Council. President Joe Biden accused the Kremlin's forces
Speaker 1: of committing major war crimes in Ukraine. It is opening
Speaker 1: day in Major League Baseball. The Mets are at the Nationals.
Speaker 1: The Yankees Red Sox opener in New York has been
Speaker 1: postponed because of the weather. In the NBA, the Nets
Speaker 1: beat the next one ten Celtics won, the Wizards lost
Speaker 1: in the NHL. The Capitol's won in golf. Round one
Speaker 1: of the Masters begins today. Tiger Woods is back in
Speaker 1: the field fourteen months after a devastating car crash. Stay
Speaker 1: tuned for updates every hour on Bloomberg Radio and a
Speaker 1: special edition of Masters tonight coming up at eleven pm.
Speaker 1: Eastern Global News twenty four hours a day on air
Speaker 1: and on Bloomberg Quick Take, powered by more than twenty
Speaker 1: seven hundred journalists anialist more than a hundred twenty countries.
Speaker 1: Michael Barr And this is Bloomberg. Nathan, Okay, Michael, thank you.
Speaker 1: It is six nineteen on Wall Street Live from the
Speaker 1: Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak as we
Speaker 1: continue our coverage of the war in Ukraine and the
Speaker 1: sanctions pressure on Russia. Were joined once again by Bloomberg
Speaker 1: New Senior reporter for International Affairs, Mark Champion Market as
Speaker 1: always to have you with us this morning. I know
Speaker 1: you've been monitoring the NATO Foreign Ministers meeting in Brussels,
Speaker 1: it sounds like Ukraine's Foreign minister, Demetro Kuleba, has been
Speaker 1: really putting pressure on for more support for his country. Yes. Absolutely,
Speaker 1: I mean there's a recognition in Ukraine that the sanctions
Speaker 1: are all well and good, and they're pushing very hard
Speaker 1: for heavier sanctions on Russia. But in a very short term,
Speaker 1: on the battlefield, the thing that really makes the difference
Speaker 1: is weapons, and uh, the Ukrainians have sort of need
Speaker 1: to scale up if they're going to start taking territory back,
Speaker 1: so they'll need more than light weapons. They'll need heavier stuff, um,
Speaker 1: you know, stuff that makes them mobile tanks, etcetera. Um,
Speaker 1: and better air defenses. So there's a there's a big
Speaker 1: shopping list. There is there any indication from NATO that
Speaker 1: it's sounding open to that idea. It has been resistant
Speaker 1: up to now to bringing in some of those heavier weapons,
Speaker 1: particularly in the air. Yes, it has, and you know
Speaker 1: some of that remains there, you know, important you know
Speaker 1: worries about bringing things, uh, you know, airplanes into into
Speaker 1: Ukrainian airspace from NATO airspace in terms of how that
Speaker 1: would be viewed by Russia. But at the same time
Speaker 1: you're starting to see some kinds of weapons that you
Speaker 1: know weren't being considered before. The The UK is looking
Speaker 1: at sending armored vehicles now UH and the US was
Speaker 1: just a couple of days ago said that it would
Speaker 1: help with the renovation of the Soviet designed tanks to
Speaker 1: be sent into Ukraine. So there is some movement in
Speaker 1: those terms, but really the the issue for the Ukrainians
Speaker 1: is the sheer speed and scale of supply that they
Speaker 1: would need. We're also sorry, Mark, We're also seeing some
Speaker 1: reporting just across the Bloomberg Terminal of potential hurdles when
Speaker 1: it comes to European sanctions on Russia. There's this push
Speaker 1: our for a coal import band, but sources are telling
Speaker 1: us that there may be a split between Poland and
Speaker 1: Germany when it comes to how to phase in this band.
Speaker 1: Germany's pushing to wait until August for coal imports to
Speaker 1: be embargoed. How unified is the European Union at this
Speaker 1: point when it comes to sanctioning Russian energy? Absolutely, I
Speaker 1: mean this is business as usual for the EU. UH
Speaker 1: and the speed with which you know previous sanctions were
Speaker 1: agreed to UM was actually quite unusual. So you know,
Speaker 1: as as usual, what happens is that that the Commission
Speaker 1: will propose a set of sanctions and that gets reported
Speaker 1: and then it has to be decided by uh the
Speaker 1: you know, the the member states, and there's a lot
Speaker 1: of them who have very different situations and interests um
Speaker 1: and uh. You know, Germany in particularly gets a lot
Speaker 1: of its coal from Russia, um, and it will need
Speaker 1: to find ways to just to plant that. And at
Speaker 1: the moment, given that Russia, Germany has is in the
Speaker 1: middle of the phasing out the last of its nuclear energy. Uh,
Speaker 1: you know, it has few alternatives, and natural gas is
Speaker 1: one of them, and that's just as as problematic because
Speaker 1: most of that comes from Russia. Yeah, you raise an
Speaker 1: interesting point there when you say that it did come
Speaker 1: as a bit of a surprise when we got that
Speaker 1: initial announcement on the coal band coming so quickly. If
Speaker 1: we are starting to see these hurdles here, Mark, what
Speaker 1: does that mean for potentially sanctions later on down the
Speaker 1: line on Russian oil and gas? There had been some
Speaker 1: thought that maybe that they would be sanctioned later on.
Speaker 1: Does that push the timeline back further? You know, the
Speaker 1: oil and gas were always going to be very difficult,
Speaker 1: and they still aren't very difficult. Um, you know that
Speaker 1: it would have been inconceivable just a few weeks ago.
Speaker 1: It's now under discussion, so that already is you know,
Speaker 1: quite a move. But I think, you know, Cole is
Speaker 1: doable and they'll get there and there'll be a negotiation
Speaker 1: about how long it takes. Um. You know, in terms
Speaker 1: of the phase in oil and gas, I think will
Speaker 1: be a much tougher discussion, discussion, But I wouldn't. You
Speaker 1: can't rule anything out at this point because this conflict
Speaker 1: has changed so many deeply in transpositions already. Mark Champion
Speaker 1: Bloomberg new senior reporter for international affairs. As always, thanks
Speaker 1: for the update on what's happening in the war in
Speaker 1: Ukraine and particularly uh the sanctions debate continuing in Europe.
Speaker 1: Looking ahead to the market open on Wall Street, futures
Speaker 1: are moving higher. We have SMP futures up thirteen and
Speaker 1: a half points now, TOW future is up thirty five,
Speaker 1: NESTSECT futures on the rise by seventy eight points, and
Speaker 1: the tenure treasury up five thirty seconds of the yield
Speaker 1: two point five seven percent. Just ahead the Ruble comes
Speaker 1: back from the rubble, and Warren Buffett sends a tech
Speaker 1: stock surging top stories of the morning. Just ahead, you'll
Speaker 1: listening to Bloomberg Daybreak and Bloomberg Daybreak is brought to
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Speaker 1: in New York, Bloomberg Living Freedom to Washington, d C,
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Speaker 1: globe the Bloomberg Business in Bloomberg Radio dot Com. This
Speaker 1: is Bloomberg Daybreak, six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hagar and I'm Karen Moscow. We're just about
Speaker 1: three hours away from the open of US trading. Time
Speaker 1: for the five things you need to notice start your day.
Speaker 1: Brought to you Interactive Brokers. Interactive Brokers charges margin loan
Speaker 1: rates from zero point a three percent to one point
Speaker 1: three percent rate subject to change. Learn more at ibkr
Speaker 1: dot com slash compare. First, the United Nations General Assembly
Speaker 1: votes today on whether to suspend Russia from the Human
Speaker 1: Rights Council. A key NATO meeting focused on the war
Speaker 1: is also underway in Brussels. Bloomberg's Maria Todayo is there
Speaker 1: and reports Ukraine's foreign minister is asking NATO for more weapons.
Speaker 1: The Ukraini for Amiser said the time for the reassurance
Speaker 1: is over. Is very clear for Ukraine have had a
Speaker 1: big reality check on this. The nature is not going
Speaker 1: to fight this war on the ground, but he says,
Speaker 1: at this point what we need is big weapons. The
Speaker 1: focus from the Ukrainian foreign ministers to walk away, walk
Speaker 1: out from this meeting with a clear plets from NATO
Speaker 1: that we are now going to see heavy tax potentially
Speaker 1: also missiles. He wants to come out of this meeting
Speaker 1: with a clear signal from them that he will get it,
Speaker 1: and Bloombergus Maria Todao says Ukraine is also calling out Germany,
Speaker 1: specifically saying the country has been too slow to help meantime.
Speaker 1: In Financial Mark It's Karen the Russian ruble has made
Speaker 1: a comeback. Trading dead levels seen before the war began
Speaker 1: right now at about seventy nine per dollar, and we
Speaker 1: shifted the economy now, Nathan, and markets here in the US,
Speaker 1: investors are still working through the Fence plant to parents
Speaker 1: balance sheet, will also hiking interest rates. We get the
Speaker 1: details life at the Bloomberdge John Tucker, John Karen Menace
Speaker 1: from the Fence March meetings show a hawk is till
Speaker 1: the officials were focused on tamping down inflation and appline
Speaker 1: plans to pair on their balance sheet by more than
Speaker 1: a trillion dollars a year. It's raising concern about whether
Speaker 1: the central bank and engineer a soft landing for the economy.
Speaker 1: Many of you attended the March meeting also viewed one
Speaker 1: or more half point rate increases as possibly appropriate going
Speaker 1: forward Live the New York I'm John Tucker Bloomberg Daybreak
Speaker 1: and John. A commodity call from JP. Morgan's also making news.
Speaker 1: The firm says commodities can serge as much as it's
Speaker 1: if investors boost raw material allocations as a hedge against inflation. Well.
Speaker 1: Shares of HP are surging almost fifteen percent this morning. Nathan,
Speaker 1: The move comes on word of an investment by Warren Buffett.
Speaker 1: We get the late line from Bloomberg's Renedy Young. Good morning, Reno,
Speaker 1: Good morning, Karen. Warren Buffett's Berkshire Hathaway bought a steak
Speaker 1: in HP valued at more than four point two billion dollars.
Speaker 1: The stock was purchased in multiple transactions this week, and
Speaker 1: Berkshire now holds about one one million shares of HP. Now.
Speaker 1: Berkshire has historically shied away from technology investments, but it's
Speaker 1: leaned further into the sector in recent years. Live in
Speaker 1: New York, I'm Rernita Young Bloomberg Daybreak. I need to
Speaker 1: thank you, and that's the fine things you need to
Speaker 1: know to start your day and straight ahead your latest
Speaker 1: local headlines plus a check of sports, and this is Bloomberg.
Speaker 1: Thanks Scaring six thirty three on Wall Street, forty six
Speaker 1: degrees in Central Park. We got a new crash on
Speaker 1: the southbound Harlem River Drive at a hundred thirty five
Speaker 1: to tails coming up in traffic first, Michael Barr, What
Speaker 1: else is going on in New York and around the world?
Speaker 1: Thank you, Nathan. Major crime in New York City rose
Speaker 1: by thirty six point five percent in March from a
Speaker 1: year ago. Despite Mayor Eric Adam's efforts to reduce a
Speaker 1: spike of incidents, the NYPD says it he wind shooting
Speaker 1: incidents increased by sixteen point two percent. Mp D Commissioner
Speaker 1: Keeaching Sewell says, though there are some positives, we are
Speaker 1: arresting record numbers of people for shootings and homicides, and
Speaker 1: we're clearing more cases helping to deliver justice to victims.
Speaker 1: So far this year, the NYPD has made three hundred
Speaker 1: and thirty five arrests linked to murders and non fatal shootings,
Speaker 1: considerably more than the two hundred and fifty seven such
Speaker 1: arrests made by this time last year. Commissioner Sewell says
Speaker 1: the number of homicides fell fifteen point eight percent from
Speaker 1: a year ago. The Senate is expected to confirm Supreme
Speaker 1: Court nominee Katangi Brown Jackson. Today. It will secure her
Speaker 1: place as the first black woman on the High Court.
Speaker 1: Senate Majority leader Chuck Schumer it will be a joyous day,
Speaker 1: Joyous for the Senate, joyous for the Supreme Court, joyous
Speaker 1: for America. Senator Schumer says. Three Republican senators have said
Speaker 1: that they will support Jackson, who would replace Justice Stephen
Speaker 1: Bryer when he retires this summer. The House voted the
Speaker 1: whole two former Trump aides Pete Navarro and Dan Scovino
Speaker 1: in contempt of Congress for refusing to cooperate with the
Speaker 1: panel investigating the capital attack. Committee chairman Representative Bennie Thompson.
Speaker 1: If they were a father, a mother, a sister, brother,
Speaker 1: uh had children. If they break the law, they break
Speaker 1: the law. No one's above the law, Representative Thompson says.
Speaker 1: The near party line vote was send the criminal referrals
Speaker 1: for Navarro and Scavino to the Justice Department for possible prosecution.
Speaker 1: The top medical advisor to President Joe Biden says a
Speaker 1: surge in COVID nineteen cases is likely towards the end
Speaker 1: of the year, and warns the US will run out
Speaker 1: of tests and anti viral drugs if more funding is
Speaker 1: not provided. Dr Anthony Fauci spoke with Bloomberg's David Weston
Speaker 1: over the next couple of weeks, we are going to
Speaker 1: see an uptick in cases, and hopefully there's enough background
Speaker 1: immunity so that we don't wind up with a lot
Speaker 1: of hospitalizations. The immunity to COVID and saws Kovie two
Speaker 1: is something that wanes over a period of months, so
Speaker 1: that's the wild card in this. Dr Fauci also made
Speaker 1: a case for a second vaccine booster. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick
Speaker 1: Take Forward by more than hundred journalists and analysts in
Speaker 1: more than a hundred twenty countries. I'm Michael Barr. This
Speaker 1: is Bloomberg Nick. Thanks Michael Oh. Six thirty six on
Speaker 1: Wall Street Time for the Bloomberg Sports Update with John
Speaker 1: stash Out. Thanks Nathan. No secret the Knicks wanted to
Speaker 1: sign Kevin Duran a few years ago, maybe because they
Speaker 1: can't beat him. Durant's career record versus the Knicks is
Speaker 1: twenty and three. Hasn't lost to them since two thousand
Speaker 1: thirteen when he played for Oklahoma City. Katie is a
Speaker 1: free agent, of course, chose the Nets over the Knicks
Speaker 1: and at the guard and he put on a show
Speaker 1: thirty two points, twenty three in the second half, ten rebounds,
Speaker 1: eleven assists. Nets came from twenty one down to win
Speaker 1: one and if they win their last two games, they
Speaker 1: finished seventh in the East, which means they'll need to
Speaker 1: win just one home game to move in of the
Speaker 1: first round. Their coach, Steve Nash, now, we need our
Speaker 1: best effort, and I think sometimes that that is a
Speaker 1: difficult kind of mix of emotions and the physical and
Speaker 1: mental exhaustion that we got to weather here for a
Speaker 1: little bit. But uh, you know, the nights like tonight
Speaker 1: can help us kind of freshening up to feel that
Speaker 1: belief again. It was the second huge MSG comeback by
Speaker 1: the Nets. They had an earlier win from twenty eight
Speaker 1: down that was without Durant and without Kybrae Hervy. Opening Day,
Speaker 1: there are seven games not the Yankees and Red Sox
Speaker 1: at the stadium that was postponed until tomorrow. The Mets
Speaker 1: opener in Washington was moved from four o'clock to seven.
Speaker 1: First game of the year Wrigley Field the Braves today
Speaker 1: Oister Championship banner in Atlantis. Joey Otani will be on
Speaker 1: the Mount tonight for the Angels. It'll be Cleveland's first
Speaker 1: ever game known as the Guardians. The Master's teas off
Speaker 1: today Alines on Tiger Woods. There are others like Scottie Scheffler,
Speaker 1: He's the hottest Golfer now ranked number one. He teas
Speaker 1: off just before eleven this morning, Dustin Johnson, Jordan's Speed,
Speaker 1: Rorie McElroy, Brooks Kepta. They all played this afternoon hourly
Speaker 1: updates on Bloomberg Radio and The Rap Pub Show. Tonight,
Speaker 1: edel having John Sports Nathan, Thank you John, six thirty
Speaker 1: seven on Wall Street Time to take a look at
Speaker 1: stock some of the names moving in the pre market
Speaker 1: with Bloomberg Radio and TV Markets correspondent creating gooped to
Speaker 1: obviously one of the big movers this morning, Creedy is HP.
Speaker 1: Are we seeing any spillover for tech? We are seeing
Speaker 1: a little bit of spillover for tech, but keep in
Speaker 1: mind yesterday was a horrible day for tech. You had
Speaker 1: the nastic at almost three percent at one point during
Speaker 1: the session. What's interesting here is that this has nothing
Speaker 1: to do with the rebound that you might be seeing
Speaker 1: in some of those other tech stocks. Will start there
Speaker 1: that Let's hit Macro first and start there with Tesla.
Speaker 1: I mean, this has been a name in the news
Speaker 1: given Elon Musk's addition to the Twitter board t s
Speaker 1: l as your taker. It did actually take quite a
Speaker 1: hit yesterday, So this is taking a rebound here up
Speaker 1: two point one percent here in the pre market. Similar
Speaker 1: story when it comes to those chip stocks, which also
Speaker 1: we're taking quite the hit yesterday. A lot of that
Speaker 1: had to do with simply the rises in that tenure
Speaker 1: yield that you were seeing once again, higher yield, especially
Speaker 1: by that margin a ten or fifth seventeen bass point move,
Speaker 1: which is what we saw on the last two days,
Speaker 1: that is going to hit those heavy valued UH set
Speaker 1: me conductor stocks for example, or those heavy hitters in
Speaker 1: the SP five hundred as well. So a m D
Speaker 1: for example coming back this morning one point four percent,
Speaker 1: Facebook as well, FB up one point three and video,
Speaker 1: which was the big mover yesterday, n v D A
Speaker 1: up some one. But you mentioned hp which really is,
Speaker 1: to your point, the big mover. Hp Q is your taker.
Speaker 1: A big warning out there, there are two takers for
Speaker 1: hp H. P Q is the one that is actually
Speaker 1: making the laptops and the printers. HP is they're kind
Speaker 1: of spun out business that does a little bit more
Speaker 1: of enterprise computing. But it's hp Q those are that
Speaker 1: are rising quite a bit. After Lazarnita reported earlier, Warren
Speaker 1: Buffets Berkshire Hathaway bought a steak in the laptop maper
Speaker 1: valued at more than four point two billion dollars. So
Speaker 1: you are seeing those shares rise some fifteen percent of
Speaker 1: the pre market. Nathan H. P Q is the Taker, Yeah,
Speaker 1: it certainly has been the one to watch this morning.
Speaker 1: But outside of tech creaty, what are you looking at? Well,
Speaker 1: two other big movers here, and it looks like it's
Speaker 1: all coming off of the busy bees A Wels Fargo here,
Speaker 1: Levi Strouse for example, L E. V. Eyes your Taker. Uh,
Speaker 1: it is actually up in the in the pre market
Speaker 1: after said revenue during the most recent quarter increased two
Speaker 1: to one point six billion dollars. Wellth Fargoes, the aforementioned
Speaker 1: busy bios talking about said the comments about a strong
Speaker 1: first quarter and good momentum in March should help dispel
Speaker 1: those investor concerns. I think that backing that's also helping
Speaker 1: those Levi Strouse shares in the pre market. You've also
Speaker 1: got wayfair here once again a function of a Wells
Speaker 1: Fargo down grade, the Taker is just the letter W
Speaker 1: down four percent, the firm downgrading it to an underweight
Speaker 1: from equal weight. In a note that's turning a little
Speaker 1: bit more cautious on housing impacted retailers, that housing boom
Speaker 1: we saw in the last two years. Maybe uh, losing
Speaker 1: a little bit of momentum there, Nathan, someone who knows
Speaker 1: from Busy Bees, Bloomberg Radio and TV Markets corresponding Creedy Gupta,
Speaker 1: thanks for being with us as always in the pre
Speaker 1: market and looking at stocks as a whole before things
Speaker 1: get going in the cash market. On this Thursday morning,
Speaker 1: SMP futures are up twelve points, Future is up thirty,
Speaker 1: NASA futures up sixty eight points. The ten your treasury
Speaker 1: is higher as well by three thirty seconds. The heel
Speaker 1: down to two point five eight percent in the yield
Speaker 1: on the two year two point four three. Still seeing
Speaker 1: a surge in commodities with dime x screwed up one
Speaker 1: in three quarters percent. Nineties seven dollars nine cents for
Speaker 1: a barrel of West Texas Intermedia. This is Bloomberg Bloomberg
Speaker 1: eleven three oh Weather. Scattered showers and storms today, low
Speaker 1: fifties for highs mix of sun and clouds. Tomorrow, chance
Speaker 1: for another shower. Low sixties. Can't roll out an isolated
Speaker 1: afternoon shower on Saturday. Upper fifties right now forty six
Speaker 1: in Central Park Markets, headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business
Speaker 1: at and at Bloomberg Quicktape. This is a Bloomberg Business
Speaker 1: Flash and I'm Cameron Moscow. Futures are moving higher this morning.
Speaker 1: We got to the first word breaking news. Dask for
Speaker 1: today's morning call. Here's Bell Maloney, Bell, good morning, and
Speaker 1: good morning Karen. That's right. Modest games in the US
Speaker 1: futures right now at down futures up twenty seven point,
Speaker 1: sesames gain eleven, while nadsack futures are higher by sixty five.
Speaker 1: The US ten year old at two point five eight percent.
Speaker 1: Gold is little, chain oil trading higher, but Bitcoin is
Speaker 1: down by one point two percent. Japan fell one point
Speaker 1: seven percent overnight, while europ markets are in the green
Speaker 1: this morning and back in the US on the economic
Speaker 1: Frinday thirty initial job As claims after the Bellas night,
Speaker 1: Analog Devices saw sales at the high end of the forecast,
Speaker 1: and regarding earnings this morning, look for Constellation Brands to
Speaker 1: report in the pre market. In other news, Berkshire Hathaway
Speaker 1: added a new four point two billion dollar HP Steak
Speaker 1: and the ft report that Meta is exploring a virtual
Speaker 1: currency for the Metaverse. Wrapping things up, Forward was cut
Speaker 1: to equate over at, Barkley's automation was raised to overweight
Speaker 1: over at JP. Morgan Live from the First Breaking News desk,
Speaker 1: Bell Maloney, Karen, all right, Phil, thank you, and to
Speaker 1: hear live breaking news over her Bloomberg Time Swunk on
Speaker 1: your terminal, s q U a w K and that's
Speaker 1: a Bloomberg business flash. Now here's Michael bar with more
Speaker 1: on what's going on around the world. Michael, Karen, thank
Speaker 1: you very much. Ukraine is appealing to NATO for more
Speaker 1: weapons and it's flight against Russia to help prevent further
Speaker 1: atrocities like those reported in the city of Bucha. It
Speaker 1: comes as the US Senate will vote today on ending
Speaker 1: normal trade relations with Russia and banning the importation of
Speaker 1: its oil. It is opening day in Major League Baseball.
Speaker 1: The Mets are at the Nationals. The Yankees Red Sox
Speaker 1: opener in New York has been postponed because of the weather.
Speaker 1: In the NBA, the Nets beat the Knicks one, the
Speaker 1: Celtics won, the Wizards lost. In the NHL, the Capitol's
Speaker 1: one in Gulf Round one of the Masters begins today.
Speaker 1: Tiger Woods is back in the field fourteen months after
Speaker 1: a devastating car crash. Stay tuned for updates every hour
Speaker 1: on Bloomberg Radio and a special edition of Masters Tonight
Speaker 1: coming up at eleven pm Eastern. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: for more than twenty countries. I'm Michael Barr. This is Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion Leaving. I'm Jonathan Bernstein,
Speaker 1: a calumnist for Bloomberg Opinion. Back in January, there was
Speaker 1: a huge party imbalance in House retirements, with eighteen Democrats
Speaker 1: and only four Republicans heading for the exits without seeking
Speaker 1: another office. That's what one would expect during an election
Speaker 1: cycle in which just about everyone expects Republicans to win
Speaker 1: the House majority, but perhaps that was misleading. With two
Speaker 1: Republicans announcing this week that they won't seek re election,
Speaker 1: six of the last eleven retirements were Republicans, so while
Speaker 1: it's possible things could change at the last minute, Perhaps
Speaker 1: the biggest development since January is something that didn't happen
Speaker 1: a flood of Democrats exiting. Without that, the number of
Speaker 1: Democrats leaving is quite moderate for a redistricting cycle. It's
Speaker 1: hard to see the overall retirement story as signaling a
Speaker 1: collapse of democratic resources for the two elections. To be sure,
Speaker 1: if Joe Biden remains unpopular, Democrat rats will suffer in November,
Speaker 1: and perhaps badly. But if not, I'm not seeing any
Speaker 1: strong evidence of an already built in Republican landslide. I'm
Speaker 1: Jonathan Bernstein. For more opinion, please go to Bloomberg dot com,
Speaker 1: Slash Opinion or O P I N go on the
Speaker 1: Bloomberg terminal. These has been Bloomberg Opinion and Bloomberg Opinion
Speaker 1: commentary is gonna be heard every weekday at this time
Speaker 1: and terminal customers can read more at O P I
Speaker 1: n go. It is six fifty on Wall Street and
Speaker 1: then return to news and science and Technology now with
Speaker 1: the Bloomberg and j I T. Stam Report. It is
Speaker 1: brought to you by New Jersey Institute of Technology and
Speaker 1: j I T makes industry ready engineers in more than
Speaker 1: twenty fields. If it's engineering, it's at n j I T.
Speaker 1: Learn more at n j I, T, DOT, E, d U,
Speaker 1: and now Here's It's making news and science, technology, engineering,
Speaker 1: and math. More than two years into the COVID nineteen pandemic,
Speaker 1: US health officials are beginning to grapple with how to
Speaker 1: keep the vaccines updated to best protect Americans from the
Speaker 1: ever changing coronavirus. Yesterday, a panel of vaccine advisor to
Speaker 1: the f d A spend hours debating key questions for
Speaker 1: revamping the shots and conducting future booster campaigns. They did
Speaker 1: not reach any firm conclusions. Boeing is hiring the three
Speaker 1: biggest US cloud computing companies Amazon dot Com, Microsoft and
Speaker 1: Alphabets Google to help with a digital makeover aimed at
Speaker 1: giving its airplane designers and software developers more tools. Bowing
Speaker 1: plans to shift hundreds of applications to the cloud, where
Speaker 1: they'll be stored and maintained in the Tech Giants data
Speaker 1: centers and at first in the National Football League, Bitcoin
Speaker 1: Magazine says that Tennessee Titans will become the first NFL
Speaker 1: team to accept bitcoin as payment. The Titans joined teams
Speaker 1: like Major League Baseball's Oakland Athletics and the NBA Sacramento
Speaker 1: Kings and Dallas mavericks and accepting bitcoin. And that's the
Speaker 1: Bloomberg and j I. T Stem Report. Nathan, I'm still
Speaker 1: stuck on Bitcoin magazine. I didn't know that was a thing.
Speaker 1: Thanks rbscription, They thank you for that. We're live from
Speaker 1: the Bloomberg Interactive Brokers studios, where it is now six
Speaker 1: fifty two on Wall Street Time Now to check what's
Speaker 1: going on in DC, where some of the top stories
Speaker 1: include new sanctions on Putin's daughters and Russia's too largest banks,
Speaker 1: COVID fund installed in the Senate over a fight on
Speaker 1: border policy, and Speaker Pelosi planning a visit to Taiwan,
Speaker 1: the first such trip in a quarter century. Let's bring
Speaker 1: back Bloomberg Government Congressional reporter Jack Fitzpatrick for more on
Speaker 1: all these stories, beginning of course, with the latest sanctions. Jack,
Speaker 1: when we think about Putin's daughters, is this anything more
Speaker 1: than symbolic? Well, this is, I guess, more minor than
Speaker 1: the main thrust of sanctions that you know, there had
Speaker 1: been talk for so long about targeting Putin and his
Speaker 1: family because he could be hiding wealth in places where
Speaker 1: it's hard to find, targeting oligarchs, but really the focus
Speaker 1: has shifted to broader sanctions essentially to try to just
Speaker 1: deny the Russian government the resources it needs to maintain
Speaker 1: the war overall. So this is the thing a lot
Speaker 1: of people have talked about for a while, but it
Speaker 1: definitely pales in comparison. Uh, when it comes to the
Speaker 1: importance to the conversations with European allies about any further
Speaker 1: move away from oil and gas purchases, for example, from Russia. Uh,
Speaker 1: it's it may not be symbolic, but it is much
Speaker 1: smaller than the other sanctions we've heard about. Now, obviously
Speaker 1: the oil and gas sector is something that's really been
Speaker 1: a focus. What more could the US be looking at
Speaker 1: when it comes to ratchetting up further sanctions pressure on Russia. Well,
Speaker 1: you know, for one, they can continue to try to
Speaker 1: make sure there's no escaping the sanctions that have already
Speaker 1: been in place. I would also point out, Uh, there
Speaker 1: is a bill that's being introduced, a bipartisan bill by
Speaker 1: Senators Ron Widen and Rob Portman that would one actually
Speaker 1: ensued that US companies currently paying taxes in Russia would
Speaker 1: lose any American tax benefits, which is sort of a
Speaker 1: roundabout way of ensuring that any pull out of American
Speaker 1: private interests in Russia that hasn't already happened, would happen further.
Speaker 1: So there there are bits and pieces, but again, the
Speaker 1: unilateral issues for the US are limited, UH, and a
Speaker 1: lot of the focus is more on Europe and of
Speaker 1: course big countries including China and India, ensuring they don't
Speaker 1: establish any more of an economic relationship with Russia. Well,
Speaker 1: let's keep the focus on Capitol Hill, Jack, because there's
Speaker 1: been a debate in the Senate on new COVID funding.
Speaker 1: It's less than what President Biden wanted, and now we're
Speaker 1: hearing that it may be installed indefinitely. Yeah. Well, at
Speaker 1: first it's less than half of what the White House wanted.
Speaker 1: They're talking about a ten billion dollar bill, uh, compared
Speaker 1: to a request originally for twenty two and a half billion.
Speaker 1: They got into a big fight over whether and how
Speaker 1: to pay for it. They ultimately agreed on some offsets,
Speaker 1: pulling back unspent money from previous stimulus packages. But then
Speaker 1: this Title forty two debate is where they ran into trouble.
Speaker 1: Title forty two is the policy as a CDC pandemic
Speaker 1: era policy that allowed officials to send away migrants and
Speaker 1: asylum seekers at the border much faster than usual, So
Speaker 1: sort of a pandemic immigration policy that President Biden just
Speaker 1: recently decided to end. There's a lot of Republican and
Speaker 1: some Democratic pushback to that. Republicans said, if you want
Speaker 1: to vote in the Senate on this ten billion dollar
Speaker 1: COVID package, we want an amendment vote on a measure
Speaker 1: that would block this Title forty two decision. Uh And
Speaker 1: they have stalled entirely. They're they're set to leave later
Speaker 1: today for a two week recess. It does not appear
Speaker 1: even possible for them to vote on this, so that
Speaker 1: the prospects for that have been delayed at least for
Speaker 1: a few weeks. Now, in our last minute here Jack,
Speaker 1: speaking of the recess, we're hearing that how Speaker Nancy Pelosi,
Speaker 1: on her Asian trip during the break, is going to
Speaker 1: be making a stop in Taiwan. Yes, they play these
Speaker 1: things close to the chest, but there's reporting from the
Speaker 1: Fuji News Network that Pelosi is expected to arrive in
Speaker 1: Taiwan on Sunday. That would be a really significant trip
Speaker 1: one uh. No speaker since Newt Gingrich has traveled to Taiwan.
Speaker 1: This would rankle China, to say the least. An official
Speaker 1: from China's Foreign ministry said there would be consequences. They
Speaker 1: would want to push back on the US as much
Speaker 1: as possible. UH. It seems to already have ratcheted up
Speaker 1: the rhetoric despite no confirmation from Pelosi's office yet and
Speaker 1: UH certainly coming at a very difficult time when the
Speaker 1: US is trying to put some pressure on China to
Speaker 1: do more. UH in influencing Russia in the war in Ukraine.
Speaker 1: Jack Fitzpatrick of Bloomberg Government, thanks as always for being
Speaker 1: with us. You can read more about all these stories
Speaker 1: on Bloomberg dot com or on the Bloomberg terminal, and
Speaker 1: as a reminder, you can follow all the latest on
Speaker 1: Bloomberg Radio in Washington. Tune into Bloomberg one and one
Speaker 1: oh five point seven FM, h D two SMP futures
Speaker 1: right now up ten points, Staff futures up eighteen NASTAC
Speaker 1: futures are higher by fifty eight points. The futures markets
Speaker 1: pointing to a higher open on this Thursday morning day
Speaker 1: after the Fed Minutes spelled out the balance sheet unwind
Speaker 1: for the Central Bank. The tenure treasury now up one
Speaker 1: thirty second with a yield two point five nine percent
Speaker 1: yield on the two year two point four three niam
Speaker 1: X crewed up one point six percent, up a dollar
Speaker 1: fifty one at ninety seven dollars seventy two cents a barrel.
Speaker 1: Bitcoin down one point one percent forty three thousand, four
Speaker 1: hundred dollars. Bloomberg Surveillance up next with Tom Keene, Jonathan Farrell,
Speaker 1: and Lisa A. Brahmowitz for Karen Moscow. I'm Nathan Hagar.
Speaker 1: This is Bloomberg.