1 00:00:03,000 --> 00:00:06,400 Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg 2 00:00:06,480 --> 00:00:10,240 Speaker 1: day Break for Friday, March two. Coming up this hour, 3 00:00:10,400 --> 00:00:13,080 Speaker 1: President Biden pushes for Russia to be removed from the 4 00:00:13,119 --> 00:00:16,680 Speaker 1: G twenty. Vladimir Selinski scolds Natil for not deploying a 5 00:00:16,760 --> 00:00:19,920 Speaker 1: no fly zone over Ukraine, and world leaders continue their 6 00:00:20,000 --> 00:00:22,480 Speaker 1: summit on the war. We're iam Brussels in Poland. With 7 00:00:22,560 --> 00:00:25,600 Speaker 1: the very latest reaction to New York Mayor Adams exempting 8 00:00:25,640 --> 00:00:29,360 Speaker 1: athletes and performers from vaccine mandates. Was a House committee 9 00:00:29,440 --> 00:00:33,440 Speaker 1: investigates the wife of Justice Clarence Thomas. Michael blarm More ahead, 10 00:00:33,720 --> 00:00:36,600 Speaker 1: I'm John Stash, Aaron Sports, Mike Satchevski's coaching career not 11 00:00:36,760 --> 00:00:38,920 Speaker 1: over yet. Duke advances in the n C Double A 12 00:00:39,000 --> 00:00:44,200 Speaker 1: Tournament Gonzaga in Arizona, lost St. Peter's place tonight. That's 13 00:00:44,200 --> 00:00:48,520 Speaker 1: all straight ahead on Bloomberg day Break on Bloomberg Element TREEO, 14 00:00:48,640 --> 00:00:52,879 Speaker 1: New York, Bloomberg N one, Washington, d C, Bloomberg one 15 00:00:52,920 --> 00:00:57,320 Speaker 1: oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius 16 00:00:57,520 --> 00:01:00,760 Speaker 1: x M one nineteen and around the world going Bloomberg 17 00:01:00,880 --> 00:01:07,920 Speaker 1: Radio dot Com and via the Bloomberg Business that Hey, 18 00:01:07,920 --> 00:01:11,120 Speaker 1: good morning. I'm John Tucker, I'm Nathan Hagar. Futures are wavering. 19 00:01:11,160 --> 00:01:13,080 Speaker 1: To close out the week, We're coming up to six 20 00:01:13,080 --> 00:01:15,119 Speaker 1: o one on Wall Street. We checked the markets every 21 00:01:15,120 --> 00:01:17,800 Speaker 1: fifteen minutes during the training day on Bloomberg. Right now, 22 00:01:17,920 --> 00:01:20,880 Speaker 1: SMP futures are up one point. The Future is up sixteen, 23 00:01:21,240 --> 00:01:24,560 Speaker 1: Nastack futures are lower by two. The tenure Treasury is 24 00:01:24,640 --> 00:01:26,720 Speaker 1: up three thirty seconds. The deal two point three six 25 00:01:26,720 --> 00:01:29,600 Speaker 1: percent yield on the two year two point one six percent. 26 00:01:29,959 --> 00:01:31,959 Speaker 1: Nime X screwed is down one and a half percent, 27 00:01:32,000 --> 00:01:35,319 Speaker 1: down a dollar sixty dollar sixty seven cents. A barrel 28 00:01:35,520 --> 00:01:37,760 Speaker 1: comic goal down three tenths per cent or five dollar 29 00:01:37,840 --> 00:01:40,840 Speaker 1: seventy cents at nineteen sixty two even announced. The euro 30 00:01:41,000 --> 00:01:44,120 Speaker 1: right now is at one point one zero zero five 31 00:01:44,160 --> 00:01:46,360 Speaker 1: against the dollar. John and Nathan will have more in 32 00:01:46,400 --> 00:01:48,360 Speaker 1: the markets in a minute. The first the latest on 33 00:01:48,440 --> 00:01:52,160 Speaker 1: the war and President Biden's trip overseas. The President has 34 00:01:52,200 --> 00:01:54,800 Speaker 1: told NATO he wants Russia out of the G twenty. 35 00:01:55,240 --> 00:01:59,320 Speaker 1: Bloomberg's Ent Baxter begins our Global Team coverage. President Biden 36 00:01:59,400 --> 00:02:02,440 Speaker 1: answered the direct question of whether Russia should be removed. 37 00:02:02,440 --> 00:02:07,400 Speaker 1: My answer is yes, depends on the um I that 38 00:02:07,640 --> 00:02:11,800 Speaker 1: was raised today, and I raised the possibility if that 39 00:02:11,919 --> 00:02:14,760 Speaker 1: can't be done, if Indonesia and others do not agree, 40 00:02:14,919 --> 00:02:17,920 Speaker 1: then Ukraine should be invited there to witness the proceedings. 41 00:02:18,400 --> 00:02:21,760 Speaker 1: Biden also said if Russia uses either chemical or nuclear weapons, 42 00:02:21,800 --> 00:02:25,720 Speaker 1: or response should be in direct retaliation, and says that 43 00:02:25,800 --> 00:02:29,359 Speaker 1: military supplies are going into Ukraine on a continuing basis. 44 00:02:29,960 --> 00:02:33,160 Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak. Thanks said, 45 00:02:33,200 --> 00:02:35,840 Speaker 1: it is another busy day for President Biden. He's just 46 00:02:35,880 --> 00:02:39,520 Speaker 1: wrapped up meetings with European Commission President or slav under Lyne. 47 00:02:39,600 --> 00:02:41,640 Speaker 1: Let's go live to London and get the very latest 48 00:02:41,680 --> 00:02:44,760 Speaker 1: with Bloomberg's Max Ramsey. Good morning, Max, morning to you, 49 00:02:44,840 --> 00:02:47,799 Speaker 1: Nathan and John. Yes, we had from President Biden alongside 50 00:02:47,840 --> 00:02:51,080 Speaker 1: the head of the European Commission Commission as that funderline, 51 00:02:51,120 --> 00:02:53,960 Speaker 1: in the past hour. The President addressed this new supply 52 00:02:54,080 --> 00:02:57,680 Speaker 1: deal between the US and European Union announced earlier this morning. 53 00:02:57,960 --> 00:03:01,960 Speaker 1: The United States, together with our international partners, we're gonna 54 00:03:02,000 --> 00:03:07,000 Speaker 1: work to ensure an additional one one fifteen billion cubic 55 00:03:07,040 --> 00:03:10,320 Speaker 1: meters of liquefied natural gas l n G for your 56 00:03:10,560 --> 00:03:14,360 Speaker 1: this year. So a deal to send US liquefied natural 57 00:03:14,360 --> 00:03:17,120 Speaker 1: gas to Europe. Remember, up to now Russia has been 58 00:03:17,160 --> 00:03:20,320 Speaker 1: the biggest supplier of NAT gas to EU nation. So 59 00:03:20,440 --> 00:03:23,280 Speaker 1: there's an important step in the US efforts to shift 60 00:03:23,320 --> 00:03:26,560 Speaker 1: their energy policy away from Moscow. Live in London, Max 61 00:03:26,680 --> 00:03:29,239 Speaker 1: Ramsey putting back daybreak, Max, thanks very much. The next 62 00:03:29,240 --> 00:03:31,880 Speaker 1: of file stuff for President Bind's Europe trip is Poland. 63 00:03:32,080 --> 00:03:35,040 Speaker 1: That's where he plans to meet local officials. Bloomberg's Age 64 00:03:35,160 --> 00:03:39,400 Speaker 1: Cantrell continues our Global Team coverage from the Humanitarian eight 65 00:03:39,480 --> 00:03:42,120 Speaker 1: Center near the border with Ukraine. There are going to 66 00:03:42,160 --> 00:03:45,800 Speaker 1: be two focuses to his meetings here today. Firstly, there's 67 00:03:45,800 --> 00:03:48,320 Speaker 1: the humanitarian angle. He's going to be talking about the 68 00:03:48,400 --> 00:03:51,960 Speaker 1: humanitarian crisis, which Poland has seen the tangible effects of, 69 00:03:52,200 --> 00:03:55,520 Speaker 1: having accepted two million of the refugees coming over the 70 00:03:55,520 --> 00:03:58,200 Speaker 1: border from Ukraine. And then there's also the other side, 71 00:03:58,280 --> 00:04:00,920 Speaker 1: the security side. He's expected to meet with the eighth 72 00:04:00,920 --> 00:04:03,600 Speaker 1: second abb On here in Jeeshov and there's going to 73 00:04:03,640 --> 00:04:07,680 Speaker 1: be talked about this effort to bolster the Eastern flank 74 00:04:07,800 --> 00:04:11,640 Speaker 1: of NATO. Bloomberg Zachie Cantrell says Poland is taking in 75 00:04:11,680 --> 00:04:14,840 Speaker 1: the bulk of refugees from Ukraine. It's winning praise for 76 00:04:14,880 --> 00:04:19,040 Speaker 1: the move, also causing political and economic stress. Ukrainian President 77 00:04:19,080 --> 00:04:22,359 Speaker 1: vladimir's Lensky john is scolding NATO leaders for not responding 78 00:04:22,400 --> 00:04:25,320 Speaker 1: to his request for no fly zone. During his late 79 00:04:25,400 --> 00:04:28,160 Speaker 1: night address to the European Council summit in Brussels, the 80 00:04:28,240 --> 00:04:32,919 Speaker 1: Ukrainian president asked for more weapons and tighter sanctions on Russia. 81 00:04:33,040 --> 00:04:35,920 Speaker 1: What do we need for this? Ukraine is very specific 82 00:04:35,960 --> 00:04:40,480 Speaker 1: in answering this question. First, to intensify sanctions against Russian 83 00:04:40,480 --> 00:04:45,400 Speaker 1: aggression on a weekly basis until it stops and restores peace. First. Second, 84 00:04:45,960 --> 00:04:48,520 Speaker 1: take part in the creation of a new system of 85 00:04:48,600 --> 00:04:53,520 Speaker 1: security guarantees for Ukraine, for a region real guarantees. President's 86 00:04:53,640 --> 00:04:56,400 Speaker 1: Lenski also called out Hungary in his remarks, asking Prime 87 00:04:56,400 --> 00:04:59,479 Speaker 1: Minister Victor Orban to shun Russia and fully support Ukraine. 88 00:04:59,560 --> 00:05:02,719 Speaker 1: Or Bon says he will not send support into Ukraine 89 00:05:02,880 --> 00:05:05,960 Speaker 1: and meantime, there's more concerned about China showing support for Russia. 90 00:05:06,000 --> 00:05:09,680 Speaker 1: Bloomberg News has learned EU officials suspect that Beijing maybe 91 00:05:09,680 --> 00:05:13,440 Speaker 1: supplying semi conductors another tech hardware to Moscow. It would 92 00:05:13,440 --> 00:05:16,120 Speaker 1: be part of an effort to soften the impact of sanctions. 93 00:05:16,240 --> 00:05:19,400 Speaker 1: Russia and China have denied any request for aid were 94 00:05:19,480 --> 00:05:22,520 Speaker 1: made or accepted. Other news were following this morning. John 95 00:05:22,600 --> 00:05:25,200 Speaker 1: keeps us in China, the mystery is deepening over that 96 00:05:25,240 --> 00:05:28,479 Speaker 1: commercial plane crash from Monday. All on two people on 97 00:05:28,520 --> 00:05:31,240 Speaker 1: board the China Eastern Airlines going seven three seven are 98 00:05:31,320 --> 00:05:34,520 Speaker 1: presumed dead. Bloomberg Stephen Angle has the latest. Well, the 99 00:05:34,600 --> 00:05:38,120 Speaker 1: latest is that authorities have indicated they have found potentially 100 00:05:38,160 --> 00:05:41,560 Speaker 1: a piece of the aircraft about ten kilometers away from 101 00:05:41,560 --> 00:05:44,560 Speaker 1: the main wreckage site, about six miles away, and that 102 00:05:44,640 --> 00:05:50,279 Speaker 1: potentially indicates that something came off the aircraft midflight. And 103 00:05:50,320 --> 00:05:54,080 Speaker 1: the questions now are if that piece was from the airplane, 104 00:05:54,080 --> 00:05:57,440 Speaker 1: did that cause the plane to go into that nose 105 00:05:57,520 --> 00:06:00,560 Speaker 1: dive and crash. Bloomberg Stephen Angle reports the flight went 106 00:06:00,600 --> 00:06:04,080 Speaker 1: down without an emergency radio call from pilots. Now, let's 107 00:06:04,080 --> 00:06:06,599 Speaker 1: take a hard turnout to the economy on the market's tenure, 108 00:06:06,640 --> 00:06:10,640 Speaker 1: Treasury yields this morning down just slightly to thirty five 109 00:06:10,800 --> 00:06:13,960 Speaker 1: right now on the benchmark, treasuries are on course for 110 00:06:14,040 --> 00:06:16,840 Speaker 1: one of their worst quarterly rounds since at least the 111 00:06:16,880 --> 00:06:20,240 Speaker 1: early nineteen seventies, all due to higher interest rates and 112 00:06:20,400 --> 00:06:23,040 Speaker 1: rising inflation, and markets are looking to the Fed to 113 00:06:23,080 --> 00:06:25,600 Speaker 1: get things back on track. We've got to take from 114 00:06:25,640 --> 00:06:31,400 Speaker 1: former US Treasury Secretary Larry Summers. It's likely to require 115 00:06:31,600 --> 00:06:36,560 Speaker 1: significantly greater interest rate hikes than the Fed or markets 116 00:06:36,600 --> 00:06:41,360 Speaker 1: are now expecting. We need clear signals that we're prepared 117 00:06:41,440 --> 00:06:45,960 Speaker 1: to accept some slowdown in economic activity if that's the 118 00:06:46,000 --> 00:06:50,560 Speaker 1: price of reducing inflation. Former US Treasury Secretary Larry Summers 119 00:06:50,600 --> 00:06:53,840 Speaker 1: making the comments on Bloomberg's Wall Street Week with David Weston. 120 00:06:54,160 --> 00:06:56,919 Speaker 1: Catch the program tonight at six pm Eastern on Bloomberg 121 00:06:57,000 --> 00:06:59,920 Speaker 1: Radio and Television. On the corporate front, this morning, John 122 00:06:59,839 --> 00:07:03,479 Speaker 1: Amazon is facing more pressure from unions targeting its US warehouses. 123 00:07:03,600 --> 00:07:05,159 Speaker 1: The a f l c i O will help the 124 00:07:05,160 --> 00:07:07,680 Speaker 1: Teamsters union in its attempt. That would be a rare 125 00:07:07,800 --> 00:07:10,400 Speaker 1: level of coordination for two groups that have been estranged 126 00:07:10,480 --> 00:07:13,240 Speaker 1: for nearly two decades. At the same time, workers at 127 00:07:13,280 --> 00:07:15,760 Speaker 1: an Amazon facility in Staten Island will vote today on 128 00:07:15,760 --> 00:07:25,840 Speaker 1: whether to unionize. This is Bloomberg, and he is now 129 00:07:25,960 --> 00:07:28,120 Speaker 1: six or seven og Wall Street trying to take a 130 00:07:28,160 --> 00:07:30,200 Speaker 1: look at what's going on in New York, Canada, around 131 00:07:30,200 --> 00:07:32,680 Speaker 1: the world. Here's Michael Barnes, John, thank you very much. 132 00:07:32,720 --> 00:07:35,440 Speaker 1: There's pushed back to New York City Mayor Eric Adams 133 00:07:35,520 --> 00:07:39,560 Speaker 1: dropping the COVID nineteen vaccine requirement for performers and athletes. 134 00:07:39,880 --> 00:07:43,640 Speaker 1: Unvaccinated players like Brooklyn Nets point guard Kybrie Irving will 135 00:07:43,680 --> 00:07:46,360 Speaker 1: be allowed inside the arena to play at home games. 136 00:07:46,600 --> 00:07:49,320 Speaker 1: There's a duality to what I must accomplish. I must 137 00:07:49,360 --> 00:07:53,600 Speaker 1: accomplish keeping the city safe, and I must accomplish accomplish 138 00:07:53,680 --> 00:07:57,320 Speaker 1: recovering all economy. That's a duality. Is out of one 139 00:07:57,400 --> 00:08:01,200 Speaker 1: size fit all. Mayor adams decision has come under fire 140 00:08:01,280 --> 00:08:05,080 Speaker 1: from many municipal workers, like police and firefighters, who are 141 00:08:05,120 --> 00:08:08,720 Speaker 1: still under a vaccine mandate. Critics claim Mayor Adams is 142 00:08:08,760 --> 00:08:13,080 Speaker 1: favoring elites over ordinary New Yorkers. Harry Nespoli, head of 143 00:08:13,120 --> 00:08:16,280 Speaker 1: the Municipal Labor Committee, said the city should offer away 144 00:08:16,280 --> 00:08:18,840 Speaker 1: for our fired workers to get their jobs back. Don't 145 00:08:18,880 --> 00:08:21,280 Speaker 1: shut the door on not when they had to come 146 00:08:21,320 --> 00:08:24,800 Speaker 1: to work, when everybody was running out to the Hamptons 147 00:08:25,240 --> 00:08:27,840 Speaker 1: and everybody's running up State New York and the only 148 00:08:27,880 --> 00:08:31,600 Speaker 1: people here were city workers. Nespoli with the Municipal Labor 149 00:08:31,600 --> 00:08:34,840 Speaker 1: Committee says about four hundred city workers were fired last 150 00:08:34,920 --> 00:08:37,959 Speaker 1: month for failing to comply with the mandate. The city's 151 00:08:37,960 --> 00:08:41,360 Speaker 1: police union released a statement saying, if the mandate isn't 152 00:08:41,360 --> 00:08:44,440 Speaker 1: necessary for famous people, then it's not necessary for the 153 00:08:44,480 --> 00:08:48,200 Speaker 1: cops who are protecting our city. Virginia Thomas, wife of 154 00:08:48,240 --> 00:08:53,280 Speaker 1: Supreme Court Justice Clarence Thomas, sent weeks of text messages 155 00:08:53,360 --> 00:08:56,280 Speaker 1: imploring the White House Chief of Staff Mark Meadows to 156 00:08:56,440 --> 00:09:01,240 Speaker 1: act overturn the presidential election. That's according to several media reports. 157 00:09:01,440 --> 00:09:04,559 Speaker 1: The messages came in the weeks after the vote. In November, 158 00:09:05,920 --> 00:09:09,679 Speaker 1: former President Donald Trump sued Hillary Clinton, the Democratic Party, 159 00:09:09,760 --> 00:09:13,480 Speaker 1: and several others, alleging a vast conspiracy to malign his 160 00:09:13,600 --> 00:09:19,320 Speaker 1: character and cast doubt on the legitimacy of the election win. 161 00:09:20,000 --> 00:09:22,720 Speaker 1: New York City's population dropped by more than three hundred 162 00:09:22,760 --> 00:09:26,200 Speaker 1: thousand in one year, with Manhattan alone losing more than 163 00:09:26,320 --> 00:09:29,480 Speaker 1: one hundred ten thousand residents as the six point six 164 00:09:29,559 --> 00:09:34,880 Speaker 1: percent decline. According to data through July one released by 165 00:09:34,920 --> 00:09:37,760 Speaker 1: the US Census Bureau, The city was hit by high 166 00:09:37,800 --> 00:09:41,880 Speaker 1: rates of COVID nineteen infections and deaths, Global News twenty 167 00:09:41,880 --> 00:09:44,520 Speaker 1: four hours a day on air and on Bloomberg Quicktake, 168 00:09:44,679 --> 00:09:47,480 Speaker 1: powered by more than twenty seven hundred journalist and analysts 169 00:09:47,520 --> 00:09:51,080 Speaker 1: more than a hundred twenty countries. Michael bar this is Bloomberg, John, Michael, 170 00:09:51,120 --> 00:09:56,520 Speaker 1: thank you. Coming up on sixth sen of Wall Streets. 171 00:09:56,559 --> 00:09:59,520 Speaker 1: Time down for the Bloomberg Sports Update. And here's John Stashower. 172 00:10:00,000 --> 00:10:02,280 Speaker 1: In each of Dukes and C Double A tournament games 173 00:10:02,320 --> 00:10:04,719 Speaker 1: can be the last of the coaching career of Mike Sachowski. 174 00:10:04,880 --> 00:10:07,280 Speaker 1: He's not retired yet. Second game in a row where 175 00:10:07,320 --> 00:10:09,600 Speaker 1: Duke rallied late to win. They eat Texas Techs seventy 176 00:10:09,800 --> 00:10:12,560 Speaker 1: seventy three. They scored forty nine point to the second 177 00:10:12,600 --> 00:10:14,920 Speaker 1: half against the nation's top defensive team. They scored on 178 00:10:14,960 --> 00:10:18,400 Speaker 1: twelve with their last fifteen possessions. Dukes star freshman Paulo 179 00:10:18,440 --> 00:10:21,240 Speaker 1: bon Carola the way twenty two points, all five Dukes 180 00:10:21,240 --> 00:10:23,520 Speaker 1: starters and double figures. And now it's onto the regional 181 00:10:23,559 --> 00:10:27,319 Speaker 1: final tomorrow in San Francisco against Arkansas, who upset top 182 00:10:27,360 --> 00:10:30,920 Speaker 1: seed Gonzaga seventy four sixty seventh straight n C Double 183 00:10:30,920 --> 00:10:33,400 Speaker 1: A twenty where Denzaga has reached the Sweet sixteen, but 184 00:10:33,480 --> 00:10:36,400 Speaker 1: still without a title. They were the top overall seed 185 00:10:36,440 --> 00:10:39,079 Speaker 1: each of the last two years. Arizona, also a one 186 00:10:39,120 --> 00:10:41,120 Speaker 1: seed that lost only one game in each of the 187 00:10:41,160 --> 00:10:43,400 Speaker 1: last three months. Came in thirty three and three, but 188 00:10:43,440 --> 00:10:47,400 Speaker 1: Arizona never led against Houston, who won seventy two to sixty. 189 00:10:47,520 --> 00:10:49,920 Speaker 1: Has a chance for back to back Final four's. Houston 190 00:10:50,000 --> 00:10:53,480 Speaker 1: Tomorrow in San Antonio takes on Villanova, who ousted Michigan 191 00:10:53,559 --> 00:10:57,640 Speaker 1: sixty three fifty five fifteen seed in St. Peter's pull off. 192 00:10:57,679 --> 00:11:00,319 Speaker 1: Another upset the Peacocks and coach Shahina how the way 193 00:11:00,520 --> 00:11:02,960 Speaker 1: tonight take on Perdue a chance to play in a 194 00:11:03,000 --> 00:11:05,319 Speaker 1: regional final. Trying not to think about that, right, I 195 00:11:05,400 --> 00:11:07,720 Speaker 1: try not to put that kind of fresh on the team, right. 196 00:11:07,800 --> 00:11:09,280 Speaker 1: We just trying to take it one game out of time. 197 00:11:09,360 --> 00:11:12,720 Speaker 1: But if that could happen, it'd be tremendous, I mean unbelievable, 198 00:11:12,760 --> 00:11:15,120 Speaker 1: not just for New Jersey, like just for that try 199 00:11:15,360 --> 00:11:18,560 Speaker 1: area period. To have a team representing of the eight 200 00:11:19,160 --> 00:11:21,440 Speaker 1: is some of that you know you think about, don't 201 00:11:21,440 --> 00:11:23,880 Speaker 1: as a coach, right, It's hard to get to this point. 202 00:11:24,000 --> 00:11:26,079 Speaker 1: They will have plenty of fans apoard tonight the game 203 00:11:26,160 --> 00:11:28,280 Speaker 1: just down the road from Jersey City in Philadelphia. Next 204 00:11:28,320 --> 00:11:31,959 Speaker 1: play tonight in Miami Rangers host Pittsburgh. John stash Award 205 00:11:32,000 --> 00:11:34,559 Speaker 1: Boomberg Sports Done all right, John Tanks and ahead of 206 00:11:34,600 --> 00:11:36,800 Speaker 1: the cash open on Wall Street futures right now they 207 00:11:36,840 --> 00:11:40,600 Speaker 1: are mixed. The smp EMITI futures just two points higher 208 00:11:40,679 --> 00:11:44,320 Speaker 1: right now, the Down futures up thirteen, the NASAC futures 209 00:11:45,200 --> 00:11:48,240 Speaker 1: down one point, pretty much unchanged at this point. As 210 00:11:48,240 --> 00:11:51,319 Speaker 1: we look at tragedies ten year yield at two thirty 211 00:11:51,440 --> 00:11:54,880 Speaker 1: five this morning, that he is down just one basis 212 00:11:54,960 --> 00:11:57,839 Speaker 1: point for the benchmark two year yield. How does that 213 00:11:57,920 --> 00:12:01,480 Speaker 1: two point one five percent? You are listening to Bloomberg 214 00:12:01,520 --> 00:12:07,839 Speaker 1: day Break. At day Break, brought to you by are 215 00:12:07,960 --> 00:12:12,040 Speaker 1: Accountants and Advisers. Challenging times called for proactive advisors who 216 00:12:12,120 --> 00:12:14,959 Speaker 1: helped minimize taxes, increase cash flow, and create opportunities for 217 00:12:14,960 --> 00:12:22,559 Speaker 1: the future of your business. Visit ancient dot com markets, 218 00:12:22,640 --> 00:12:25,719 Speaker 1: headlines and breaking news twenty four hours a day at 219 00:12:25,720 --> 00:12:29,160 Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg 220 00:12:29,200 --> 00:12:38,720 Speaker 1: Quick Tape. He's a Bloomberg Business Lash. I'm Nathan Hagar. 221 00:12:38,920 --> 00:12:42,199 Speaker 1: Futures are little changed this morning, signaling a pause after 222 00:12:42,440 --> 00:12:45,120 Speaker 1: yesterday's rally. Is the war in Ukraine and the Feds 223 00:12:45,200 --> 00:12:48,120 Speaker 1: tightening way on sentiment. We checked the markets every fifteen 224 00:12:48,120 --> 00:12:50,840 Speaker 1: minutes during the trading day on Bloomberg. Right now, SMP 225 00:12:51,000 --> 00:12:53,880 Speaker 1: futures are up two points down, futures up twenty, Nasdaq 226 00:12:53,960 --> 00:12:57,400 Speaker 1: futures higher. Actually, they're little changed right now. Sen Your 227 00:12:57,440 --> 00:12:59,720 Speaker 1: treasury is up three thirty seconds. The deal two point 228 00:12:59,720 --> 00:13:01,719 Speaker 1: three six percent in the yield on the two year 229 00:13:01,760 --> 00:13:04,280 Speaker 1: two point one five nime X screwed is now down 230 00:13:04,320 --> 00:13:07,160 Speaker 1: six tenths per center, sixties four cents at a hundred 231 00:13:07,160 --> 00:13:09,960 Speaker 1: eleven dollars, seventy one cents of arrol Comics called down 232 00:13:09,960 --> 00:13:12,320 Speaker 1: two tenths per center, three dollars forty cents at nineteen 233 00:13:13,160 --> 00:13:16,120 Speaker 1: announced zero one point one zero zero six against the 234 00:13:16,160 --> 00:13:19,600 Speaker 1: dollar the end one point five seven bitcoins hire by 235 00:13:19,600 --> 00:13:21,960 Speaker 1: six tenths per cent, trading around forty four thousand, one 236 00:13:22,000 --> 00:13:24,680 Speaker 1: hundred dollars. That's a Bloomberg business. Fish. And now here's 237 00:13:24,679 --> 00:13:27,120 Speaker 1: Michael Barr with more on what's going on around the world. 238 00:13:27,160 --> 00:13:31,320 Speaker 1: Michael Nathan, thank you very much. President Joe Biden's visit 239 00:13:31,360 --> 00:13:34,040 Speaker 1: to Poland as his final stop in Europe this week 240 00:13:34,160 --> 00:13:37,599 Speaker 1: offers a chance to underscore US commitment to protect a 241 00:13:37,720 --> 00:13:41,960 Speaker 1: key NATO member on Ukraine's doorstep. Before leaving for Poland, 242 00:13:42,000 --> 00:13:46,360 Speaker 1: President Biden and European Commission President Ursula vonder Land announced 243 00:13:46,360 --> 00:13:49,280 Speaker 1: today in Brussels a joint task force to reduce Europe's 244 00:13:49,320 --> 00:13:54,200 Speaker 1: dependency on Russian energy. It's the Little University making Big 245 00:13:54,320 --> 00:13:57,480 Speaker 1: Noise and the men's NZ Double a basketball tournament. Jersey 246 00:13:57,520 --> 00:14:00,920 Speaker 1: City's St. Peter's Peacocks look to keep their surprise run 247 00:14:01,000 --> 00:14:03,840 Speaker 1: going when they play for Due tonight. The Peacocks are 248 00:14:03,880 --> 00:14:06,520 Speaker 1: the third fifteen seat to make the Sweet sixteen and 249 00:14:06,600 --> 00:14:08,920 Speaker 1: are trying to become the first to get to the 250 00:14:08,960 --> 00:14:12,280 Speaker 1: Elite eight in the n h L. The Islanders won 251 00:14:12,600 --> 00:14:15,040 Speaker 1: global news twenty four hours a day on airand on 252 00:14:15,080 --> 00:14:18,000 Speaker 1: Bloomberg Quick Take, powered by more than twenty seven hundred 253 00:14:18,040 --> 00:14:20,280 Speaker 1: journalists and analysts more than a hundred twenty countries. I'm 254 00:14:20,320 --> 00:14:22,800 Speaker 1: Michael mar This is Bloomberg, John Michael, thank you. It's 255 00:14:22,840 --> 00:14:25,200 Speaker 1: coming up on six twenty Wall Street. We are live 256 00:14:25,240 --> 00:14:29,560 Speaker 1: from the Bloomberg in Tranto Broker Studios. This is Bloomberg Daybreak. 257 00:14:30,240 --> 00:14:33,920 Speaker 1: President Biden visiting Poland on his way there now as 258 00:14:33,960 --> 00:14:37,400 Speaker 1: his final stop in Europe this week, joining us. Now, 259 00:14:37,440 --> 00:14:41,880 Speaker 1: Aggie Cantrell is live on the Polish Ukraine border with 260 00:14:42,000 --> 00:14:45,800 Speaker 1: the latest on the situation in Ukraine at the humanitarian 261 00:14:45,920 --> 00:14:50,080 Speaker 1: a center there. Aggie, what what will Greek President Biden 262 00:14:50,080 --> 00:14:52,120 Speaker 1: as he arrives there? What is he going to see today? 263 00:14:53,440 --> 00:14:56,440 Speaker 1: So um I see it as field web. Biden is 264 00:14:56,480 --> 00:15:01,000 Speaker 1: going to arrive in Jeschuf, which is a small town 265 00:15:01,280 --> 00:15:04,840 Speaker 1: in south southeast Poland, which is currently sort of an 266 00:15:05,000 --> 00:15:08,560 Speaker 1: artery of the whole transport of humanitarian aid and also 267 00:15:08,640 --> 00:15:12,720 Speaker 1: military aid to Ukraine. Uh And this this small town 268 00:15:12,880 --> 00:15:16,320 Speaker 1: is going to greet President Biden and also President Duda 269 00:15:16,360 --> 00:15:19,440 Speaker 1: of Poland. Um And here Biden is also going to 270 00:15:19,480 --> 00:15:22,280 Speaker 1: meet with the second airborne that is in the town 271 00:15:22,360 --> 00:15:26,200 Speaker 1: at the moment. You've told us stories about the refugees 272 00:15:26,280 --> 00:15:29,000 Speaker 1: crossing over from the border, and what they've told you. 273 00:15:29,400 --> 00:15:31,480 Speaker 1: Is the President going to meet with any of those 274 00:15:31,600 --> 00:15:37,080 Speaker 1: refugees from Ukraine. That's unclear as of today. Um. We 275 00:15:37,160 --> 00:15:41,040 Speaker 1: know that he's doing a humanitarian briefing at the airport 276 00:15:41,480 --> 00:15:45,120 Speaker 1: and then he's going to meet with the members of 277 00:15:45,160 --> 00:15:48,440 Speaker 1: the U S military. However, he may do so when 278 00:15:48,480 --> 00:15:54,320 Speaker 1: he had to warsaw later at all, perhaps tomorrow. In 279 00:15:54,480 --> 00:15:57,680 Speaker 1: terms of the signal that this sends, what what can 280 00:15:57,720 --> 00:15:59,960 Speaker 1: you tell us about that it has been at your 281 00:16:00,360 --> 00:16:05,440 Speaker 1: front between the Western power is so far right? Yes, 282 00:16:05,520 --> 00:16:09,560 Speaker 1: it's essentially. His visit here has a twofold significant. Firstly, 283 00:16:09,680 --> 00:16:13,000 Speaker 1: there is a humanitarian aspect. It comes just as the 284 00:16:13,120 --> 00:16:15,920 Speaker 1: United States has announced that they will be accepting a 285 00:16:16,000 --> 00:16:19,920 Speaker 1: hundred thousand Ukrainian refugees. They know that yesterday from the 286 00:16:19,920 --> 00:16:23,520 Speaker 1: White House, and obviously Poland is the country that has 287 00:16:23,560 --> 00:16:26,920 Speaker 1: accepted the majority of those refugees over two million people. 288 00:16:27,360 --> 00:16:31,680 Speaker 1: That's a significant step for the US to show solidarity 289 00:16:31,720 --> 00:16:34,440 Speaker 1: with Poland in this on this front. But then also 290 00:16:34,520 --> 00:16:38,040 Speaker 1: there's the security aspect. Poland shays a large land border 291 00:16:38,080 --> 00:16:41,440 Speaker 1: with Ukraine and they are themselves very concerned about the 292 00:16:41,520 --> 00:16:44,640 Speaker 1: risk of spillover of this conflict into their own territory. 293 00:16:45,040 --> 00:16:48,280 Speaker 1: And as a native member here, there will be expectations 294 00:16:48,320 --> 00:16:51,280 Speaker 1: from the Polish side that a Biden's presence here is 295 00:16:51,320 --> 00:16:55,680 Speaker 1: also signaling a support for Poland's own security as well 296 00:16:55,720 --> 00:16:59,600 Speaker 1: as support for Ukraine. There's been additional deployment of troops. 297 00:16:59,600 --> 00:17:03,800 Speaker 1: There is that correct, Yes there has. Indeed, yes there's been, 298 00:17:03,920 --> 00:17:07,480 Speaker 1: there has been a bolstering of NATO's entire eastern flank, 299 00:17:07,640 --> 00:17:09,800 Speaker 1: and Poland is a key part of that. That it 300 00:17:09,920 --> 00:17:13,160 Speaker 1: also however, applies to places like the Baltic as well, 301 00:17:13,480 --> 00:17:16,240 Speaker 1: which are also considered have the same sort of security 302 00:17:16,240 --> 00:17:19,200 Speaker 1: concerns as Poland. And not only that, as I say, 303 00:17:19,240 --> 00:17:21,760 Speaker 1: this town jeof where I am right now, is also 304 00:17:21,840 --> 00:17:25,480 Speaker 1: a place which is which is on that supply run 305 00:17:25,800 --> 00:17:29,720 Speaker 1: into Ukraine. When it comes to humanitarian military aid, give 306 00:17:29,800 --> 00:17:32,080 Speaker 1: us an idea of just how much in terms of 307 00:17:32,119 --> 00:17:35,360 Speaker 1: supplies is moving through there and headed to Ukraine at 308 00:17:35,359 --> 00:17:38,680 Speaker 1: this point. So I can give you an idea when 309 00:17:38,720 --> 00:17:41,879 Speaker 1: it comes to humanitarian supplies because earlier this week I 310 00:17:41,960 --> 00:17:43,960 Speaker 1: was actually at the u n h c R World 311 00:17:43,960 --> 00:17:48,480 Speaker 1: Through Program depot that is just nearby this airfield, and 312 00:17:48,840 --> 00:17:52,000 Speaker 1: there they said the reliar this week they'd already chipped 313 00:17:52,040 --> 00:17:57,359 Speaker 1: out thirty five trucks in order of humanitarian supplies. But 314 00:17:57,560 --> 00:17:59,440 Speaker 1: just the U n h c R that's been providing 315 00:17:59,480 --> 00:18:03,000 Speaker 1: that from depot um this place, because it's a it's 316 00:18:03,000 --> 00:18:07,680 Speaker 1: one of the airports essentially closest to Ukraine. It's essentially 317 00:18:07,720 --> 00:18:11,600 Speaker 1: the stop off point um the final point before that 318 00:18:11,920 --> 00:18:16,560 Speaker 1: the the equipment and the humanitarian aid is then shipped 319 00:18:16,560 --> 00:18:19,719 Speaker 1: over on land into Ukraine. So this is sort of 320 00:18:19,760 --> 00:18:23,919 Speaker 1: the last stop for things coming through by air before 321 00:18:23,920 --> 00:18:26,800 Speaker 1: it then crosses over the border in trucks. Those are 322 00:18:26,840 --> 00:18:30,359 Speaker 1: the supplies. As far as the flood of refugees is 323 00:18:30,440 --> 00:18:36,240 Speaker 1: that continuing, Yes, it is continuing. However, it should be 324 00:18:36,280 --> 00:18:39,560 Speaker 1: noted that there has been a drop off in the 325 00:18:39,600 --> 00:18:42,960 Speaker 1: amount of refugees coming into Poland. That doesn't mean that 326 00:18:43,040 --> 00:18:46,240 Speaker 1: the flows have stopped. But when I was first here 327 00:18:46,320 --> 00:18:49,919 Speaker 1: several weeks ago now we were hearing of queues of 328 00:18:50,040 --> 00:18:52,679 Speaker 1: up to sixty hours for people to cross the border. 329 00:18:52,920 --> 00:18:56,639 Speaker 1: Those waiting times have now diminished significantly for those crossing 330 00:18:56,640 --> 00:19:00,840 Speaker 1: the border, which is obviously incredibly important because the longer 331 00:19:00,880 --> 00:19:04,359 Speaker 1: people weighed, especially in cold climates, that is also a 332 00:19:04,520 --> 00:19:08,800 Speaker 1: risk to people's security and health. But also we're seeing 333 00:19:08,800 --> 00:19:11,439 Speaker 1: that once they're there, there has been a better and 334 00:19:11,480 --> 00:19:14,959 Speaker 1: more streamlined effort on the part of the Polish authorities 335 00:19:14,960 --> 00:19:17,080 Speaker 1: to make sure that they're not stuck at the border, 336 00:19:17,119 --> 00:19:19,920 Speaker 1: but then they can transit on with either to larger 337 00:19:20,000 --> 00:19:22,720 Speaker 1: cities in Poland or on with other places in the EU. 338 00:19:23,240 --> 00:19:26,879 Speaker 1: Bloomberg's Aggie can trail live with us from the Polish 339 00:19:27,000 --> 00:19:30,359 Speaker 1: Ukraine border. Aggie, thanks very much for your work. We 340 00:19:30,400 --> 00:19:34,080 Speaker 1: appreciate it again President Biden's visit to Poland. He's on 341 00:19:34,119 --> 00:19:37,600 Speaker 1: his way his final stop in Europe this week, offering 342 00:19:37,640 --> 00:19:41,120 Speaker 1: a chance to underscore US comma to protected a key 343 00:19:41,400 --> 00:19:45,159 Speaker 1: NATO member as the war in Ukraine next door continues 344 00:19:45,200 --> 00:19:49,119 Speaker 1: to rage. Yeah, right now, down futures twenty points higher, 345 00:19:49,359 --> 00:19:51,879 Speaker 1: smp E many futures, they're up just three points, and 346 00:19:51,920 --> 00:19:55,600 Speaker 1: that as their futures unchanged. As we look at treasuries 347 00:19:55,720 --> 00:19:59,080 Speaker 1: this morning, the benchmark two year, the benchmark tenure right 348 00:19:59,080 --> 00:20:02,560 Speaker 1: now two thirties X. That's pretty much unchanged the yield. 349 00:20:03,119 --> 00:20:06,720 Speaker 1: You're listening to Bloomberg day Break. Daybreak brought to you 350 00:20:06,800 --> 00:20:08,760 Speaker 1: by Audie. Don't let someone else drive off at the 351 00:20:08,800 --> 00:20:11,240 Speaker 1: Audie bottle you've always wanted busy to try state area 352 00:20:11,280 --> 00:20:13,720 Speaker 1: Audie dealer to get behind the wheel of yours today, 353 00:20:13,840 --> 00:20:22,879 Speaker 1: or visit Audi Offers dot com for more information. Broadcasting 354 00:20:22,960 --> 00:20:26,680 Speaker 1: live from the Bloomberg Interacted Broker's studio in New York, 355 00:20:26,760 --> 00:20:29,879 Speaker 1: Bloomberg E Living free on to Washington, d C. Bloomberg 356 00:20:30,840 --> 00:20:34,080 Speaker 1: to Boston, Bloomberg one O six one to San Francisco, 357 00:20:34,160 --> 00:20:37,880 Speaker 1: Bloomberg Knowing sixteen to the country Sirius XM chto one nine, 358 00:20:38,240 --> 00:20:41,399 Speaker 1: and around the globe, the Bloomberg Business app and Bloomberg 359 00:20:41,480 --> 00:20:50,240 Speaker 1: Radio dot com. This is Bloomberg Daybreak. He at six 360 00:20:50,280 --> 00:20:52,600 Speaker 1: thirty on Wall Street. Good morning, I'm John Tucker. I'm 361 00:20:52,680 --> 00:20:54,760 Speaker 1: Nathan Hagar. We're just about three hours away from the 362 00:20:54,760 --> 00:20:56,879 Speaker 1: open of US training. Time for the five things you 363 00:20:56,920 --> 00:20:58,679 Speaker 1: need to know to start your day. Brought to you 364 00:20:58,720 --> 00:21:02,160 Speaker 1: by Interactive Broker. His Interactive Brokers charges margin loan rates 365 00:21:02,160 --> 00:21:04,760 Speaker 1: from zero point seven five to one point five eight percent, 366 00:21:04,880 --> 00:21:07,440 Speaker 1: rates subject to change. Learn more at ib k r 367 00:21:07,560 --> 00:21:11,600 Speaker 1: dot com slash compare First. President Biden continues his trip 368 00:21:11,640 --> 00:21:13,920 Speaker 1: in Europe. This morning, he has met with European Commissioned 369 00:21:13,920 --> 00:21:17,000 Speaker 1: President Ursula vonder Lyne. He announced in agreement to boost 370 00:21:17,040 --> 00:21:20,800 Speaker 1: the supply of liquefied natural gas to European countries. These 371 00:21:20,840 --> 00:21:26,880 Speaker 1: steps will increase energy security, economic security, and national security. 372 00:21:27,000 --> 00:21:30,560 Speaker 1: I'm gonna stand up joint task force tomplement these changes 373 00:21:30,880 --> 00:21:34,840 Speaker 1: and drive progress that will be co chaired by representatives 374 00:21:34,840 --> 00:21:37,400 Speaker 1: from the White House and the President of the European 375 00:21:37,480 --> 00:21:40,560 Speaker 1: Unions Team. President Biden says the agreement aims to help 376 00:21:40,600 --> 00:21:43,800 Speaker 1: Europe wean itself from Russian fuel in Moscow has been 377 00:21:43,840 --> 00:21:46,520 Speaker 1: the main focus of the subbody in Europe. Yesterday, President 378 00:21:46,560 --> 00:21:49,200 Speaker 1: Biden called for Russia to be removed from the G twenty. 379 00:21:49,520 --> 00:21:52,160 Speaker 1: He also warned lad of Air Putin against using biological, 380 00:21:52,240 --> 00:21:56,359 Speaker 1: chemical or nuclear weapons in Ukraine. Bloomberg's Maria Today, Oh 381 00:21:56,480 --> 00:21:59,360 Speaker 1: has more from Brussels. The symbolic nature of the stramp 382 00:21:59,440 --> 00:22:02,359 Speaker 1: is huge, and yesterday we did get the show of unity. 383 00:22:02,440 --> 00:22:05,040 Speaker 1: The President of the United States, Summer I said very well. 384 00:22:05,119 --> 00:22:08,479 Speaker 1: He said when Vladimer Putting invaded Ukraine, he was looking 385 00:22:08,520 --> 00:22:11,800 Speaker 1: to create chaos and disarray in Europe. The reality is 386 00:22:12,040 --> 00:22:14,200 Speaker 1: at this point we're more united than we've ever been, 387 00:22:14,240 --> 00:22:17,280 Speaker 1: and that was echoed by the Secretary General of NATO 388 00:22:17,359 --> 00:22:20,360 Speaker 1: who said, at this point where the strongest military alliance 389 00:22:20,400 --> 00:22:23,119 Speaker 1: and the world, we stayed together, we stick together, we 390 00:22:23,200 --> 00:22:26,320 Speaker 1: are going to be safe. Bloomberg's Maria Today or reports 391 00:22:26,480 --> 00:22:29,920 Speaker 1: Ukrainian President Philadimir Zolinski is asking NATO for more weapons 392 00:22:29,960 --> 00:22:32,920 Speaker 1: and tighter sanctions on Russia. Well, there's more concerned about 393 00:22:33,000 --> 00:22:35,840 Speaker 1: China showing support for Russia as well. John Bloomberg News 394 00:22:35,840 --> 00:22:39,520 Speaker 1: has learned EU officials suspect Beijing may supply semiconductors another 395 00:22:39,560 --> 00:22:41,959 Speaker 1: tech hardware to Moscow. It would be part of an 396 00:22:41,960 --> 00:22:44,560 Speaker 1: effort to soften the impact of sanctions. Now Russia and 397 00:22:44,640 --> 00:22:48,159 Speaker 1: China both denied any requests sir aid were made or accepted. 398 00:22:48,560 --> 00:22:51,520 Speaker 1: And another story we're following this morning, the mystery deepening 399 00:22:51,520 --> 00:22:55,080 Speaker 1: over the crash of the Chinese Eastern Airlines Boeing seven seven. 400 00:22:55,240 --> 00:22:57,280 Speaker 1: At least one piece of the plane appears so broken 401 00:22:57,320 --> 00:23:00,440 Speaker 1: loose well before impact. It was found about six miles 402 00:23:00,440 --> 00:23:03,000 Speaker 1: away from the main racket area, raising questions about the 403 00:23:03,000 --> 00:23:05,679 Speaker 1: condition of the plane would have nos time from nearly 404 00:23:05,760 --> 00:23:09,080 Speaker 1: thirty thousand feet. And that's the five things you need 405 00:23:09,119 --> 00:23:11,280 Speaker 1: to know to start your day, brought to you by 406 00:23:11,520 --> 00:23:14,960 Speaker 1: Interactive Brokers. Looking ahead to the market open john SMP 407 00:23:15,080 --> 00:23:17,719 Speaker 1: futures are up four point, staff futures up thirty three, 408 00:23:17,760 --> 00:23:20,280 Speaker 1: NaSTA features up fifteen points to ten. Your treasury is 409 00:23:20,320 --> 00:23:22,840 Speaker 1: up three thirty seconds, the yield two point three six 410 00:23:22,880 --> 00:23:24,880 Speaker 1: percent yield on the two year two point one five 411 00:23:25,600 --> 00:23:27,840 Speaker 1: and nim X screwede is down one and a quarter percent, 412 00:23:27,880 --> 00:23:30,880 Speaker 1: down a dollar forty at a hundred ten dollars cents 413 00:23:30,880 --> 00:23:33,440 Speaker 1: of barrel local headlines in the check of sports. Next, 414 00:23:33,560 --> 00:23:40,600 Speaker 1: this is Bloomberg and thanks Nathan six thirty three on 415 00:23:40,760 --> 00:23:42,719 Speaker 1: Wall Street. Time to break in Milanchael barn and tell 416 00:23:42,800 --> 00:23:45,880 Speaker 1: us what's going on to New York and around the world. John, 417 00:23:45,880 --> 00:23:48,119 Speaker 1: thank you very much. Their New York City unions are 418 00:23:48,240 --> 00:23:52,760 Speaker 1: blasting Mayor Eric Adams after he exempted athletes and performers, 419 00:23:53,000 --> 00:23:56,920 Speaker 1: including Brooklyn Nets star Kyrie Irving, from the city's vaccine mandate. 420 00:23:57,359 --> 00:24:00,760 Speaker 1: This after about fourteen hundred city workers were fired last 421 00:24:00,800 --> 00:24:04,280 Speaker 1: month for failing to comply with the mandate. Harry Nespally, 422 00:24:04,520 --> 00:24:07,680 Speaker 1: head of the Municipal Labor Committee, said the city should 423 00:24:07,720 --> 00:24:10,440 Speaker 1: offer away for fired workers to get their jobs back. 424 00:24:10,760 --> 00:24:13,080 Speaker 1: Don't shut the door on them, not when they had 425 00:24:13,119 --> 00:24:16,280 Speaker 1: to come to work, when everybody was running out of 426 00:24:16,320 --> 00:24:19,600 Speaker 1: the Hamptons and everybody's running up state New York and 427 00:24:19,640 --> 00:24:23,160 Speaker 1: the only people here with city works. Harry nespile Had 428 00:24:23,160 --> 00:24:26,320 Speaker 1: of the Municipal Labor Committee. However, Mayor Adams says it 429 00:24:26,359 --> 00:24:30,080 Speaker 1: will help struggling performers as well as those vendors and 430 00:24:30,240 --> 00:24:34,000 Speaker 1: smaller businesses that rely on the city's entertainment economy. We 431 00:24:34,160 --> 00:24:40,040 Speaker 1: created an unfair disadvantage to New York based performance. I'm 432 00:24:40,040 --> 00:24:43,359 Speaker 1: correcting that unfair disadvantage, and I'm doing it at the 433 00:24:43,400 --> 00:24:46,920 Speaker 1: appropriate time when our numbers are low. Responding to many 434 00:24:46,960 --> 00:24:50,000 Speaker 1: of Adams, the Police Officers Union, which has been fighting 435 00:24:50,080 --> 00:24:54,600 Speaker 1: vaccine mandates, says, if the mandate isn't necessary for famous people, 436 00:24:54,640 --> 00:24:57,760 Speaker 1: then it's not necessary for the cops who are protecting 437 00:24:57,760 --> 00:25:01,359 Speaker 1: our city in the middle of a rasis. It is 438 00:25:01,600 --> 00:25:05,159 Speaker 1: a new twist in the ongoing investigation into the January 439 00:25:05,200 --> 00:25:08,920 Speaker 1: sixth rioting last year on Capitol Hill. The House Committee 440 00:25:09,119 --> 00:25:12,680 Speaker 1: is now examining dozens of text messages sent to President 441 00:25:12,720 --> 00:25:15,800 Speaker 1: Trump's chief of Staff, Mark Meadows from the wife of 442 00:25:15,840 --> 00:25:20,439 Speaker 1: Supreme Court Justice Clarence Thomas. Virginia Thomas reportedly texted medals 443 00:25:20,520 --> 00:25:24,679 Speaker 1: urging him to keep challenging the election results. North Korean 444 00:25:24,760 --> 00:25:26,879 Speaker 1: leader Kim John Nunes says he's getting ready for a 445 00:25:26,960 --> 00:25:31,000 Speaker 1: confrontation with the US. Yesterday, North Korea launched its largest 446 00:25:31,080 --> 00:25:36,600 Speaker 1: intercontinental ballistic missile, drawing international condemnation. Retired General Robert Abrams, 447 00:25:36,600 --> 00:25:39,679 Speaker 1: former commander of US forces in Korea, is calling for 448 00:25:39,720 --> 00:25:43,200 Speaker 1: tough recensions on pyong Yang. The sanctions that North Korea 449 00:25:43,280 --> 00:25:47,040 Speaker 1: is under today pale in comparison to what the international 450 00:25:47,080 --> 00:25:51,000 Speaker 1: community has done in very short order to Russia. So 451 00:25:51,280 --> 00:25:54,800 Speaker 1: we should look very hard at that. Retired General Abrams 452 00:25:54,800 --> 00:25:58,480 Speaker 1: spoke to ABC. Connecticut Governor Need LaMotte signed a bipartisan 453 00:25:58,480 --> 00:26:01,960 Speaker 1: bill to temporarily looked the state it's gas tax. Connecticut 454 00:26:02,080 --> 00:26:05,359 Speaker 1: will suspend the states twenty five cents per gallon excise 455 00:26:05,359 --> 00:26:08,960 Speaker 1: tax on gas starting April fers to ease rising costs. 456 00:26:09,160 --> 00:26:12,040 Speaker 1: New Jersey's Kinnabis Board took its first formal action on 457 00:26:12,119 --> 00:26:17,920 Speaker 1: recreational marijuana applications. They approved sixty eight conditional licenses to cultivate, manufacture, 458 00:26:18,000 --> 00:26:20,560 Speaker 1: or run a testing lab. Global News twenty four hours 459 00:26:20,560 --> 00:26:22,639 Speaker 1: a day on air, end on Bloomberg Quick Take, powered 460 00:26:22,640 --> 00:26:25,200 Speaker 1: by more than twenty seven journalists analysts more than a 461 00:26:25,240 --> 00:26:28,200 Speaker 1: hundred twenty countries. I'm Michael bar This is Bloomberg, John Michael, 462 00:26:28,200 --> 00:26:34,640 Speaker 1: Thank you, cannasas six thirty six of Wall Streets. Time 463 00:26:34,720 --> 00:26:38,120 Speaker 1: for the Bloomberg Sports Update, and here's John Stann Show. 464 00:26:38,160 --> 00:26:40,320 Speaker 1: All right, John, the upsets continue and the n C 465 00:26:40,400 --> 00:26:43,440 Speaker 1: Double A tournament and to one seeds went down. Arkansas 466 00:26:43,480 --> 00:26:44,920 Speaker 1: had never beaten a one seed in the n C 467 00:26:45,040 --> 00:26:48,600 Speaker 1: double as the razorback beat Gonzaga seventy six eight and 468 00:26:48,600 --> 00:26:53,080 Speaker 1: then Arizona ousted by Houston sixty four to two. Seeds 469 00:26:53,320 --> 00:26:56,080 Speaker 1: did win Bova sixty three fifty five of our Michigan 470 00:26:56,119 --> 00:26:58,800 Speaker 1: and Duke moves On trailed at the half, but against 471 00:26:58,840 --> 00:27:01,680 Speaker 1: Texas tech Naian's top defensive team, Duke sport forty nine 472 00:27:01,720 --> 00:27:05,720 Speaker 1: points and they won seventy eight seventy three. Is Duke 473 00:27:05,800 --> 00:27:08,200 Speaker 1: gonna go to the Final four and Mike Schofski's final 474 00:27:08,240 --> 00:27:11,120 Speaker 1: season will find out tomorrow against Arkansas. Vilanova will play 475 00:27:11,119 --> 00:27:15,240 Speaker 1: Houston and four more Sweet Sixteen games tonight, including Cinderella St. 476 00:27:15,280 --> 00:27:18,280 Speaker 1: Peter's taking on Perdue in Philadelphia. The Peacocks has been 477 00:27:18,320 --> 00:27:21,000 Speaker 1: letting the postseason by Doug Eater, and he says they 478 00:27:21,000 --> 00:27:26,960 Speaker 1: have nothing to lose tonight. There's no pressure at all. Honestly, 479 00:27:27,119 --> 00:27:30,840 Speaker 1: there's no pressure at all. Um I think that, uh, 480 00:27:30,880 --> 00:27:34,680 Speaker 1: there's there's nothing to be shared though. There's nothing really 481 00:27:35,200 --> 00:27:38,480 Speaker 1: that's different. Now. We've we've been playing basketball this whole season. 482 00:27:38,520 --> 00:27:41,119 Speaker 1: We've been uh, we had our ups and downs, and 483 00:27:41,160 --> 00:27:43,280 Speaker 1: we're just gonna look forward to keep executing the game 484 00:27:43,320 --> 00:27:46,120 Speaker 1: plan and just keep you moved in doing you. Also 485 00:27:46,160 --> 00:27:48,600 Speaker 1: in Philly, U c l A Plays North Carolina Battle 486 00:27:48,600 --> 00:27:51,840 Speaker 1: of college basketball traditional powers. In Chicago, it's Kansas against 487 00:27:51,840 --> 00:27:55,400 Speaker 1: Providence and two double digit seeds meet Miami plays Iowa State. 488 00:27:55,640 --> 00:27:58,400 Speaker 1: Islanders beat Detroit five to two. Rock Nelson scored twice. 489 00:27:58,480 --> 00:28:01,240 Speaker 1: Yankees lost to Detroit five three. Tiger's got all five 490 00:28:01,280 --> 00:28:03,919 Speaker 1: of Joe Ellie Rodriguez in the sixth name met at 491 00:28:03,960 --> 00:28:06,360 Speaker 1: three home Rons one by Francisco and Door nine three 492 00:28:06,400 --> 00:28:09,600 Speaker 1: rout of Miami World Cup Soccer qualifying US in Mexico. 493 00:28:09,640 --> 00:28:12,960 Speaker 1: As for this time, John stash Our Bloomberg Sports, John, 494 00:28:13,560 --> 00:28:15,440 Speaker 1: all right, John, thanks a lot. It is now six 495 00:28:15,480 --> 00:28:17,240 Speaker 1: thirty seven old Walls rating, and it's time to take 496 00:28:17,240 --> 00:28:19,160 Speaker 1: a look at stocks and some of the names they're 497 00:28:19,200 --> 00:28:22,080 Speaker 1: moving in today's pre market. For that, we're joined by 498 00:28:22,080 --> 00:28:26,199 Speaker 1: Bloomberg Radio and TV Markets corresponded. Critty grouped to we 499 00:28:26,640 --> 00:28:30,400 Speaker 1: lassoed you before you head out on vacation. You did, 500 00:28:30,840 --> 00:28:33,639 Speaker 1: and I have to stay to do this report and 501 00:28:33,640 --> 00:28:36,040 Speaker 1: then you can go, then I can run away. Irish 502 00:28:36,080 --> 00:28:40,120 Speaker 1: Truman would have my head if he heard you. Cannabis stocks, 503 00:28:40,160 --> 00:28:41,640 Speaker 1: I think is what's moving, what should get a lot 504 00:28:41,680 --> 00:28:44,400 Speaker 1: of people's attention this morning. Did you know fun fact 505 00:28:44,440 --> 00:28:47,400 Speaker 1: cannabis stocks used to be my first beat at Bloomberg 506 00:28:47,600 --> 00:28:50,000 Speaker 1: when I first started back in the old, good old days. 507 00:28:50,480 --> 00:28:53,440 Speaker 1: Video game stocks in cannabis back just pull the pots. 508 00:28:53,560 --> 00:28:56,560 Speaker 1: What they are there? Pot stocks? Okay, pot stocks, it's 509 00:28:56,560 --> 00:29:00,800 Speaker 1: just like the gaming industry. No, they're gambling stocks. Fine, fine, 510 00:29:00,840 --> 00:29:03,920 Speaker 1: pod stocks surging anyway, after a House Panels said that 511 00:29:03,920 --> 00:29:07,360 Speaker 1: it would consider a bill to decriminalize marijuana, you have 512 00:29:07,440 --> 00:29:09,640 Speaker 1: the like to till Ray for example, t l R 513 00:29:09,880 --> 00:29:12,640 Speaker 1: Y is your taker, up thirteen percent in the pre market. 514 00:29:12,880 --> 00:29:15,000 Speaker 1: Sun Dial is another one. S n d L is 515 00:29:15,040 --> 00:29:18,840 Speaker 1: your taker up eighteen per cent, So thriving once again. 516 00:29:19,000 --> 00:29:21,960 Speaker 1: Policy in Washington actually driving those stucks. You don't see 517 00:29:22,040 --> 00:29:26,080 Speaker 1: that often. And those Chinese stocks that the trader oversees, 518 00:29:26,120 --> 00:29:28,320 Speaker 1: what about those? Yeah, well this is interesting and I 519 00:29:28,320 --> 00:29:30,160 Speaker 1: love talking about Chinese stock because you've seen them lost 520 00:29:30,200 --> 00:29:32,480 Speaker 1: I think seventy percent of their value in the last year, 521 00:29:32,760 --> 00:29:35,560 Speaker 1: and recently they had this bounce back because you had 522 00:29:35,680 --> 00:29:37,959 Speaker 1: commentary coming out of the out of China and the 523 00:29:38,000 --> 00:29:41,360 Speaker 1: financial authority. They're saying that that dialogue when it comes 524 00:29:41,400 --> 00:29:44,480 Speaker 1: to delisting and relisting shares between the U S and China, 525 00:29:44,920 --> 00:29:47,920 Speaker 1: a legacy of the trade war. Of course. Well, that's 526 00:29:47,920 --> 00:29:49,800 Speaker 1: actually going in the right direction. Then the US came 527 00:29:49,800 --> 00:29:52,200 Speaker 1: out yesterday and said, well, don't get too excited. There's 528 00:29:52,200 --> 00:29:55,080 Speaker 1: a lot of speculation about the positivity there. Um and 529 00:29:55,080 --> 00:29:57,720 Speaker 1: and it seems like that cold water is continuing to 530 00:29:57,720 --> 00:29:59,400 Speaker 1: pressure those A d r s this morning. So you 531 00:29:59,400 --> 00:30:01,680 Speaker 1: have the likes Ali Baba for example, be a b 532 00:30:01,840 --> 00:30:04,880 Speaker 1: as your taker down four percent, j D as well, 533 00:30:05,200 --> 00:30:07,400 Speaker 1: which is also the name of the company, and the 534 00:30:07,440 --> 00:30:10,800 Speaker 1: ticker down five percent. It's also just following, um, some 535 00:30:10,920 --> 00:30:14,000 Speaker 1: losses you are seeing over in Asia as well. I 536 00:30:14,040 --> 00:30:16,400 Speaker 1: get the bed, I get the Bath. What's in the 537 00:30:16,440 --> 00:30:19,880 Speaker 1: beyond section of these stories, Well, I have no idea, 538 00:30:19,920 --> 00:30:21,480 Speaker 1: but when I find out, I will let you know. 539 00:30:22,200 --> 00:30:25,000 Speaker 1: Maybe Ryan Cohen lives there, I'm not really sure. Um, 540 00:30:25,080 --> 00:30:28,720 Speaker 1: he is the activist investor who is nearing a settlement 541 00:30:28,800 --> 00:30:31,080 Speaker 1: at bed Bath and beyond looking that would end up 542 00:30:31,080 --> 00:30:34,440 Speaker 1: seeing three new directors appointed to the retailer's board, according 543 00:30:34,480 --> 00:30:36,320 Speaker 1: to people familiar with the matter, That of course is 544 00:30:36,360 --> 00:30:40,240 Speaker 1: Bloomberg reporting b b B. Why is your taker? Those 545 00:30:40,280 --> 00:30:44,520 Speaker 1: shares are up just shy of two. All right, thanks Critty, 546 00:30:44,720 --> 00:30:47,440 Speaker 1: and uh, can you say where you're gonna go? I 547 00:30:47,520 --> 00:30:51,720 Speaker 1: am going to the Caribbean, very excited, nic never coming back. 548 00:30:52,600 --> 00:30:55,520 Speaker 1: Don't say that we only set you up remotely. Bloomberg 549 00:30:55,600 --> 00:30:58,640 Speaker 1: Radio and TV Markets corresponded Critty Gupta, thanks very much. 550 00:30:58,920 --> 00:31:01,360 Speaker 1: A look at the broader market right now, not a 551 00:31:01,440 --> 00:31:04,640 Speaker 1: lot of action. SMP five hundred up just three points 552 00:31:04,800 --> 00:31:08,880 Speaker 1: right now. Dal futures they're up twenty five and the 553 00:31:08,960 --> 00:31:12,880 Speaker 1: nasty Emni futures right now are four points higher. You're 554 00:31:12,920 --> 00:31:22,440 Speaker 1: listening the Bloomberg Daybreak. Daybreak being brought to you by 555 00:31:22,480 --> 00:31:25,360 Speaker 1: the Jewish Community Front j c f's donor advised font 556 00:31:25,520 --> 00:31:28,680 Speaker 1: is the smart choice to manage your philanthropy, especially in 557 00:31:28,760 --> 00:31:31,560 Speaker 1: times of crisis. Make your giving impact well. Visit j 558 00:31:31,640 --> 00:31:39,080 Speaker 1: c F, n Y dot org, markets headlines and breaking 559 00:31:39,080 --> 00:31:42,000 Speaker 1: news twenty four hours a day at Bloomberg dot com, 560 00:31:42,120 --> 00:31:45,720 Speaker 1: the Bloomberg Business apt and at Bloomberg Quicktape. He's a 561 00:31:45,760 --> 00:31:55,520 Speaker 1: Bloomberg Business lash Nathan Hagar. Stocks are struggling for traction 562 00:31:55,600 --> 00:31:58,840 Speaker 1: this morning as investors evaluate the economic risks from FED 563 00:31:58,920 --> 00:32:01,800 Speaker 1: tightening and war in Ukraine. Who checked the markets every 564 00:32:01,800 --> 00:32:04,000 Speaker 1: fifteen minutes during the trading day on Bloomberg. Right now, 565 00:32:04,080 --> 00:32:06,200 Speaker 1: S and P futures are up, but by four points. 566 00:32:06,240 --> 00:32:09,560 Speaker 1: Staff futures up twenty five, Nastic futures up ten. The 567 00:32:09,640 --> 00:32:11,800 Speaker 1: decks in Germany a four tenths percent. The cat in 568 00:32:11,840 --> 00:32:14,240 Speaker 1: Paris is higher by three tenths and one percent ten. 569 00:32:14,320 --> 00:32:16,160 Speaker 1: Your treasury is up one thirty second Now the yield 570 00:32:16,200 --> 00:32:18,120 Speaker 1: two point three six percent yield on the two year 571 00:32:18,160 --> 00:32:21,320 Speaker 1: two point one five Nimex crew down one point six percent, 572 00:32:21,360 --> 00:32:23,280 Speaker 1: down a dollar seventy eight at a hundred ten dollars 573 00:32:23,280 --> 00:32:25,840 Speaker 1: fifty six cents. A barrel. Comx Gold has down six 574 00:32:25,840 --> 00:32:28,040 Speaker 1: tenths per cent, or eleven dollars forty cents at nineteen 575 00:32:28,080 --> 00:32:31,080 Speaker 1: fifty six thirty. Announced the euro one point one zero 576 00:32:31,120 --> 00:32:33,280 Speaker 1: one zero against the dollar, British pound one point three 577 00:32:33,320 --> 00:32:35,680 Speaker 1: one seven nine. The end is at one one point 578 00:32:35,720 --> 00:32:38,720 Speaker 1: seven zero. Bitcoins up six tenths per cent, trading around 579 00:32:38,720 --> 00:32:41,200 Speaker 1: forty four thousand, one hundred dollars, and that is a 580 00:32:41,200 --> 00:32:44,000 Speaker 1: Bloomberg business flash. Here's Michael Barr with war on what's 581 00:32:44,000 --> 00:32:47,360 Speaker 1: going on around the world. Good morning, Michael, Good morning, Nathan. 582 00:32:47,400 --> 00:32:50,920 Speaker 1: President Biden announced the United States and European Union to 583 00:32:51,000 --> 00:32:53,800 Speaker 1: have a new partnership to reduce the continence reliance on 584 00:32:53,880 --> 00:32:56,920 Speaker 1: the Russian energy, the start of a year's long initiative 585 00:32:57,040 --> 00:33:00,920 Speaker 1: to further isolate Moscow after its invasion of Ukraine. The President, 586 00:33:01,000 --> 00:33:03,680 Speaker 1: speaking before heading to Poland, says as part of the plan, 587 00:33:03,800 --> 00:33:07,680 Speaker 1: the US and other nations will increase liquefied natural gas 588 00:33:07,680 --> 00:33:11,520 Speaker 1: exports to Europe. Jersey City St. Peter's Peacocks look to 589 00:33:11,600 --> 00:33:15,040 Speaker 1: keep their surprise run in the NC Double A tournament 590 00:33:15,080 --> 00:33:17,959 Speaker 1: going when they play for Due tonight. The Peacocks are 591 00:33:17,960 --> 00:33:21,560 Speaker 1: the third fifteenth seed to make the Sweet sixteen and 592 00:33:21,640 --> 00:33:23,880 Speaker 1: are trying to become the first ever to get to 593 00:33:23,920 --> 00:33:27,560 Speaker 1: the Elite eight in the NHL. The Islanders won global 594 00:33:27,600 --> 00:33:29,760 Speaker 1: news twenty four hours a day on air and on 595 00:33:29,800 --> 00:33:33,040 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists 596 00:33:33,040 --> 00:33:35,840 Speaker 1: and analysts more than a hundred twenty countries. Michael Barr 597 00:33:35,880 --> 00:33:39,000 Speaker 1: and this is Bloomberg, John, Michael, thank you, six forty 598 00:33:39,080 --> 00:33:41,400 Speaker 1: nine on Wall Street. We are line for the Bloomberg 599 00:33:41,520 --> 00:33:46,800 Speaker 1: Interactive Broker's studios. This is Bloomberg Daybreak. President Biden will 600 00:33:46,840 --> 00:33:50,960 Speaker 1: be visiting Poland Dance his final stop in Europe this weekend, 601 00:33:51,000 --> 00:33:54,560 Speaker 1: following the President in Warsaw. This morning, we are joined 602 00:33:54,600 --> 00:33:59,920 Speaker 1: by Bloomberg's and Marie Horde. During the president's trip meeting 603 00:34:00,120 --> 00:34:04,280 Speaker 1: with the Wonderland earlier with the European Commission and also 604 00:34:04,480 --> 00:34:07,880 Speaker 1: NATO ministers. What's the view right now kind of a 605 00:34:07,920 --> 00:34:11,120 Speaker 1: subjective question. Is it being viewed as a successful trip 606 00:34:11,120 --> 00:34:14,839 Speaker 1: at this point, Amory. You know, it's hard to say 607 00:34:14,880 --> 00:34:16,839 Speaker 1: in the sense that the trips not over right, we're 608 00:34:16,920 --> 00:34:20,080 Speaker 1: halfway through. But at the moment, the President did what 609 00:34:20,160 --> 00:34:22,440 Speaker 1: he had to do with NATO in terms of showing 610 00:34:23,040 --> 00:34:25,880 Speaker 1: a lot of unity between his allies and partners. I 611 00:34:25,880 --> 00:34:28,600 Speaker 1: mean it was back to back to back meeting. Yesterday 612 00:34:28,880 --> 00:34:31,520 Speaker 1: there was a NATO meeting, a G seven meeting, and 613 00:34:31,600 --> 00:34:35,000 Speaker 1: the President adjusted the addressed the European Commission, and then 614 00:34:35,000 --> 00:34:36,600 Speaker 1: this morning what we heard from the President out of 615 00:34:36,600 --> 00:34:39,799 Speaker 1: Brussels before he heads over to Poland is a new 616 00:34:39,920 --> 00:34:42,960 Speaker 1: deal or a task force to work on a new 617 00:34:43,040 --> 00:34:46,640 Speaker 1: deal to try to help Europe lean themselves off of 618 00:34:47,000 --> 00:34:50,360 Speaker 1: fossil fuelds from Russia. Now we should put some contact 619 00:34:50,440 --> 00:34:52,960 Speaker 1: into this. This is definitely a step in the right 620 00:34:53,040 --> 00:34:56,280 Speaker 1: direction in terms of Europe's energy security and what Europe 621 00:34:56,320 --> 00:34:58,839 Speaker 1: is trying to do. But it's a small step when 622 00:34:58,920 --> 00:35:00,640 Speaker 1: you look at what do you s could do. Is 623 00:35:00,640 --> 00:35:03,840 Speaker 1: they're trying to give the europe fixt dcns of liquefied 624 00:35:03,960 --> 00:35:07,080 Speaker 1: natural gas. When you take all of the natural gas 625 00:35:07,080 --> 00:35:10,760 Speaker 1: that Europe imports from Russia, it's just under nine percent 626 00:35:10,840 --> 00:35:12,440 Speaker 1: of that. So they have a lot of work to 627 00:35:12,480 --> 00:35:14,440 Speaker 1: do in terms of trying to loosen that grip that 628 00:35:14,520 --> 00:35:18,120 Speaker 1: the Clemlin has on Europe. But the President said that 629 00:35:18,200 --> 00:35:20,560 Speaker 1: this shows more alliance and it's a win win because 630 00:35:20,560 --> 00:35:22,719 Speaker 1: it brings Europe and the United States closer together. This 631 00:35:22,800 --> 00:35:25,600 Speaker 1: is something that President Putin certainly does not want to see. 632 00:35:26,040 --> 00:35:28,040 Speaker 1: This isn't going to happen in the short term, as 633 00:35:28,120 --> 00:35:32,799 Speaker 1: it is a more long term agreement. Yes, this would 634 00:35:32,840 --> 00:35:34,839 Speaker 1: take This would take a bit of time for sure, 635 00:35:34,960 --> 00:35:37,640 Speaker 1: but we should know that there is LMG that goes 636 00:35:37,719 --> 00:35:40,640 Speaker 1: from the United States to Europe Already. We did see 637 00:35:40,680 --> 00:35:43,480 Speaker 1: Germany go over to Doha and trying to find l 638 00:35:43,560 --> 00:35:46,520 Speaker 1: m G contracts. The issue with liquified natural gas is 639 00:35:46,560 --> 00:35:49,440 Speaker 1: these are long term contracts. Most of the buyers are 640 00:35:49,440 --> 00:35:52,480 Speaker 1: in Asia and they have the infrastructure set up to 641 00:35:52,760 --> 00:35:56,240 Speaker 1: import all this liquified natural gas. Europe is really heavily 642 00:35:56,239 --> 00:35:59,440 Speaker 1: reliant on typelines like nor Extream one, LRDI Stream two. 643 00:35:59,480 --> 00:36:02,240 Speaker 1: The very divers A one would have also helped bring 644 00:36:02,239 --> 00:36:05,320 Speaker 1: in natural gas that that has been pretty much bench 645 00:36:05,440 --> 00:36:09,000 Speaker 1: and likely dead anytime in the close to near term future. 646 00:36:09,520 --> 00:36:12,600 Speaker 1: So this is going to take time. Germany itself doesn't 647 00:36:12,640 --> 00:36:15,600 Speaker 1: even have ellen G terminals. Potentially they can do some 648 00:36:16,040 --> 00:36:19,800 Speaker 1: offshore flirting floating terminals to work with other partners in Europe. 649 00:36:20,280 --> 00:36:22,520 Speaker 1: But you can see how this is a complete one 650 00:36:22,680 --> 00:36:26,200 Speaker 1: eighty and how Europe thinks about heating their homes and 651 00:36:26,239 --> 00:36:29,879 Speaker 1: putting the lights on. Add up the sanctions so far 652 00:36:30,000 --> 00:36:34,200 Speaker 1: against Russia and Vladimir Putin and to the extent that 653 00:36:34,200 --> 00:36:38,360 Speaker 1: they're hurting at this point, well, I would say the 654 00:36:38,400 --> 00:36:40,440 Speaker 1: biggest has been the one pretty much early on in 655 00:36:40,480 --> 00:36:43,200 Speaker 1: the beginning, and that would be coming off Russians access 656 00:36:43,239 --> 00:36:47,160 Speaker 1: the central banks, asked access to their reserves. President Putin 657 00:36:47,239 --> 00:36:50,120 Speaker 1: after the annexation of Crimea, and he was pretty much 658 00:36:50,160 --> 00:36:52,799 Speaker 1: a vetoed from the West started to build up these 659 00:36:52,800 --> 00:36:56,239 Speaker 1: reserves for a moment like this, and he doesn't have 660 00:36:56,400 --> 00:37:00,239 Speaker 1: access to a large spot of those reserves. Yes, sure. 661 00:37:00,239 --> 00:37:03,240 Speaker 1: They also John, in the G seven statement they talked 662 00:37:03,239 --> 00:37:07,200 Speaker 1: about potentually how to cut off now no details yet, 663 00:37:07,200 --> 00:37:10,680 Speaker 1: but a signal maybe what's to come, how to cut 664 00:37:10,719 --> 00:37:15,640 Speaker 1: off Russia from selling gold. Russia has the fifth largest 665 00:37:16,160 --> 00:37:19,040 Speaker 1: a storage of gold, something else they started to build 666 00:37:19,080 --> 00:37:21,640 Speaker 1: up in the mid two thousand's. This is something that 667 00:37:21,719 --> 00:37:25,680 Speaker 1: is incredibly frustrating for President Utin. The one area though 668 00:37:25,760 --> 00:37:30,320 Speaker 1: John that has basically been unscathed is the natural gas 669 00:37:30,360 --> 00:37:34,200 Speaker 1: and oil exports. Now oil we have seen many individual 670 00:37:34,280 --> 00:37:37,080 Speaker 1: self sanctions. If you have to go send a tanker 671 00:37:37,200 --> 00:37:39,680 Speaker 1: to go pick up Russian oil. People consider that in 672 00:37:39,680 --> 00:37:43,759 Speaker 1: the market toxic assets, there are two worried a moral standpoints, 673 00:37:44,040 --> 00:37:47,200 Speaker 1: legal standpoint, potention as we get sanctioned in rout and 674 00:37:47,280 --> 00:37:50,879 Speaker 1: also it just costs too much a tanker, insurance, more 675 00:37:50,920 --> 00:37:53,840 Speaker 1: insurance to go pick up this asset is just too 676 00:37:53,880 --> 00:37:57,000 Speaker 1: great to want to get involved. But natural gas that 677 00:37:57,120 --> 00:38:00,120 Speaker 1: still brings in millions of dollars a week, if not 678 00:38:00,200 --> 00:38:02,680 Speaker 1: a day. The President Putian, but this is something Europe 679 00:38:02,760 --> 00:38:07,279 Speaker 1: is just not ready to do. His final stop during 680 00:38:07,320 --> 00:38:11,480 Speaker 1: this European trip, So he'll be coming to Poland, and 681 00:38:11,520 --> 00:38:13,520 Speaker 1: first she's going to go to a town very close 682 00:38:13,560 --> 00:38:16,840 Speaker 1: to the Polish border, and Poland has become really the 683 00:38:16,880 --> 00:38:20,560 Speaker 1: epic center of the humanitarian crisis. Our colleague asy Cantro 684 00:38:20,719 --> 00:38:22,759 Speaker 1: will be with the President near that border. I'm in 685 00:38:22,840 --> 00:38:25,960 Speaker 1: Warsaw with the President tomorrow have a bilateral with the 686 00:38:26,440 --> 00:38:29,600 Speaker 1: Polish counterpart, President Data and John. If I could achieve 687 00:38:29,719 --> 00:38:31,560 Speaker 1: a little bit of color of what I've seen on 688 00:38:31,600 --> 00:38:33,560 Speaker 1: the ground, I've only been in Poland a few hours. 689 00:38:33,640 --> 00:38:35,680 Speaker 1: We've seen through in the middle of the night, just 690 00:38:35,800 --> 00:38:39,640 Speaker 1: walking from my hotel about ten blocks. I've seen play 691 00:38:39,680 --> 00:38:44,160 Speaker 1: paced with Ukrainian flag. I've seen Polish individuals on street 692 00:38:44,200 --> 00:38:48,439 Speaker 1: corners selling Ukrainian flags. I've seen Polish institutions and looking 693 00:38:48,480 --> 00:38:51,000 Speaker 1: at a museum right now is gorgeous museum that the 694 00:38:51,880 --> 00:38:54,920 Speaker 1: Science Museum, and they put Ukrainian flags around it. You 695 00:38:55,040 --> 00:38:58,120 Speaker 1: do get a sense that there is a lot of 696 00:38:58,160 --> 00:39:03,799 Speaker 1: solidarity right now in this capital city for invasion. And Marie, 697 00:39:03,800 --> 00:39:07,360 Speaker 1: thanks very much appreciated. Bloomberg's a Marie in Warsaw traveling 698 00:39:07,400 --> 00:39:10,719 Speaker 1: with the President again. President Biden visiting Poland. There's his 699 00:39:10,840 --> 00:39:14,120 Speaker 1: final stop in Europe this week, offering a chance to 700 00:39:14,640 --> 00:39:18,640 Speaker 1: underscore the US commitment protect a key NATO member on 701 00:39:18,840 --> 00:39:22,840 Speaker 1: Ukraine's doorstep a Marie, Thanks again, Nathan, looking forward to 702 00:39:22,880 --> 00:39:26,239 Speaker 1: that global team. Coverage continuing as President Biden continues his 703 00:39:26,320 --> 00:39:28,960 Speaker 1: tour through Europe. Thank you, John. It's a six fifty 704 00:39:29,040 --> 00:39:31,520 Speaker 1: four on Wall Street. Now let's turn to news in 705 00:39:31,600 --> 00:39:34,720 Speaker 1: science and technology. The Bloomberg n j I T STEM 706 00:39:34,760 --> 00:39:38,319 Speaker 1: Report is brought to you by New Jersey Institute of Technology, 707 00:39:38,400 --> 00:39:41,279 Speaker 1: ranked in the top two percent nationally for alumni mid 708 00:39:41,280 --> 00:39:43,760 Speaker 1: career earnings and number one in the nation for student 709 00:39:43,840 --> 00:39:47,800 Speaker 1: upper economic mobility. More at n j I T dot edu. 710 00:39:48,000 --> 00:39:52,000 Speaker 1: Now Here's what's making news in science, Technology, engineering and math. 711 00:39:52,640 --> 00:39:56,719 Speaker 1: Shanghai's COVID cases jumped more than sixty in a single day, 712 00:39:56,840 --> 00:40:00,200 Speaker 1: hitting a record of more than sixteen hundred today. The 713 00:40:00,239 --> 00:40:03,440 Speaker 1: surge comes even as authorities widened restrictions that have limited 714 00:40:03,480 --> 00:40:06,759 Speaker 1: access to food and medical care. Scores of buildings and 715 00:40:06,800 --> 00:40:10,200 Speaker 1: department blocks remain locked down in the Chinese financial hub 716 00:40:10,560 --> 00:40:12,719 Speaker 1: mid the growing outbreak. It's part of a wave that 717 00:40:12,760 --> 00:40:16,600 Speaker 1: has challenged China's zero tolerance approach as the rest of 718 00:40:16,600 --> 00:40:20,840 Speaker 1: the world abolishes pandemic restrictions. Bloomberg News has learned Apple 719 00:40:21,080 --> 00:40:23,799 Speaker 1: is working on a subscription service for the iPhone and 720 00:40:23,840 --> 00:40:26,960 Speaker 1: other hardware products. It's a move that could make owning 721 00:40:27,000 --> 00:40:30,320 Speaker 1: devices similar to paying a monthly app feed. Using hardware 722 00:40:30,360 --> 00:40:33,880 Speaker 1: subscriptions would be a major strategy shift for a company 723 00:40:33,920 --> 00:40:38,200 Speaker 1: that is generally sold devices at full price outright. And 724 00:40:38,360 --> 00:40:41,759 Speaker 1: Amazon will face a tougher push to unionize its warehouses 725 00:40:41,760 --> 00:40:43,840 Speaker 1: in the US. The a f l c I O 726 00:40:44,160 --> 00:40:46,919 Speaker 1: is helping the Teamsters union in its attempt. It would 727 00:40:46,960 --> 00:40:49,560 Speaker 1: be a rare level of cooperation for two groups that 728 00:40:49,600 --> 00:40:53,480 Speaker 1: have been estranged for nearly two decades. Meanwhile, workers at 729 00:40:53,480 --> 00:40:55,960 Speaker 1: an Amazon facility in Staten Island, New York, are going 730 00:40:56,000 --> 00:40:59,480 Speaker 1: to vote today on whether to unionize. That is the 731 00:40:59,480 --> 00:41:02,520 Speaker 1: Bloomberg and j I t stim Report, and that brings 732 00:41:02,560 --> 00:41:05,840 Speaker 1: us to sixty six on Wall Street. March is Women's 733 00:41:05,840 --> 00:41:08,960 Speaker 1: History Month, and every day this month we're celebrating significant 734 00:41:09,000 --> 00:41:12,120 Speaker 1: moments in women's history. Now with your installment for March, 735 00:41:13,239 --> 00:41:18,040 Speaker 1: here's on this day in women's history in nineteen sixty seven. 736 00:41:18,280 --> 00:41:21,960 Speaker 1: Record breaking figure skater Debbie Thomas is born in Poughkeepsie, 737 00:41:21,960 --> 00:41:25,040 Speaker 1: New York. She grew up in San Jose, California, where 738 00:41:25,080 --> 00:41:28,040 Speaker 1: she started her ice skating career at five years old. 739 00:41:28,400 --> 00:41:30,520 Speaker 1: While she was young, her mom drove her over a 740 00:41:30,560 --> 00:41:34,279 Speaker 1: hundred miles a day between home, school and the ice rink. 741 00:41:34,719 --> 00:41:38,360 Speaker 1: In three Thomas joined the Los Angeles Figure Skating Club, 742 00:41:38,600 --> 00:41:41,000 Speaker 1: and three years later she won both the U S 743 00:41:41,120 --> 00:41:45,680 Speaker 1: National title and World Championships, becoming the first female African 744 00:41:45,719 --> 00:41:49,000 Speaker 1: American figure skater to do so. During many of her 745 00:41:49,000 --> 00:41:52,000 Speaker 1: career wins, Thomas was a full time college student at 746 00:41:52,040 --> 00:41:57,360 Speaker 1: Stanford University on a premit track. In Thomas made Olympic history, 747 00:41:57,440 --> 00:42:00,040 Speaker 1: becoming the first black athlete to ever win. Him that 748 00:42:00,080 --> 00:42:03,160 Speaker 1: will let the Winter Games, earning a bronze medal in 749 00:42:03,280 --> 00:42:06,920 Speaker 1: figure skating. That's today in women's history. I'm we need 750 00:42:07,000 --> 00:42:09,759 Speaker 1: a young Bloomberg radio. All right, we need to thank you. 751 00:42:09,880 --> 00:42:12,120 Speaker 1: Future is starting to gain a little bit of traction 752 00:42:12,200 --> 00:42:14,840 Speaker 1: ahead of the Friday morning open. Right now, SMP futures 753 00:42:14,840 --> 00:42:18,120 Speaker 1: are up nine point STAFF futures up sixty five. Nasdaq 754 00:42:18,200 --> 00:42:21,360 Speaker 1: futures are higher by thirty one points ten. Your treasury 755 00:42:21,360 --> 00:42:23,960 Speaker 1: now little changed. The yield at two point three seven 756 00:42:24,000 --> 00:42:26,160 Speaker 1: percent yield on the two year two point one six 757 00:42:26,600 --> 00:42:29,000 Speaker 1: nme X CREWD is lower down one and a half percent, 758 00:42:29,080 --> 00:42:31,719 Speaker 1: or a dollar sixty nine add ten dollars sixty five 759 00:42:31,760 --> 00:42:34,520 Speaker 1: cents of barrel comics. Gold is down six tenths per cent, 760 00:42:34,600 --> 00:42:37,080 Speaker 1: or eleven dollars twenty cents at nineteen fifty six fifty 761 00:42:37,080 --> 00:42:40,080 Speaker 1: announced the euro one point one zero one three against 762 00:42:40,080 --> 00:42:44,600 Speaker 1: the dollar. Bloomberg surveillance is straight ahead for John Tucker. 763 00:42:44,920 --> 00:42:48,120 Speaker 1: I'm Nathan Hagar. Have a great Friday. This is Bloomberg