WEBVTT - Bloomberg Daybreak: March 25, 2022 - Hour 2 (Radio) 0:00:03.000 --> 0:00:06.400 Live from the Bloomberg Interactive Broker Studios. This is Bloomberg 0:00:06.480 --> 0:00:10.240 day Break for Friday, March two. Coming up this hour, 0:00:10.400 --> 0:00:13.080 President Biden pushes for Russia to be removed from the 0:00:13.119 --> 0:00:16.680 G twenty. Vladimir Selinski scolds Natil for not deploying a 0:00:16.760 --> 0:00:19.920 no fly zone over Ukraine, and world leaders continue their 0:00:20.000 --> 0:00:22.480 summit on the war. We're iam Brussels in Poland. With 0:00:22.560 --> 0:00:25.600 the very latest reaction to New York Mayor Adams exempting 0:00:25.640 --> 0:00:29.360 athletes and performers from vaccine mandates. Was a House committee 0:00:29.440 --> 0:00:33.440 investigates the wife of Justice Clarence Thomas. Michael blarm More ahead, 0:00:33.720 --> 0:00:36.600 I'm John Stash, Aaron Sports, Mike Satchevski's coaching career not 0:00:36.760 --> 0:00:38.920 over yet. Duke advances in the n C Double A 0:00:39.000 --> 0:00:44.200 Tournament Gonzaga in Arizona, lost St. Peter's place tonight. That's 0:00:44.200 --> 0:00:48.520 all straight ahead on Bloomberg day Break on Bloomberg Element TREEO, 0:00:48.640 --> 0:00:52.879 New York, Bloomberg N one, Washington, d C, Bloomberg one 0:00:52.920 --> 0:00:57.320 oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius 0:00:57.520 --> 0:01:00.760 x M one nineteen and around the world going Bloomberg 0:01:00.880 --> 0:01:07.920 Radio dot Com and via the Bloomberg Business that Hey, 0:01:07.920 --> 0:01:11.120 good morning. I'm John Tucker, I'm Nathan Hagar. Futures are wavering. 0:01:11.160 --> 0:01:13.080 To close out the week, We're coming up to six 0:01:13.080 --> 0:01:15.119 o one on Wall Street. We checked the markets every 0:01:15.120 --> 0:01:17.800 fifteen minutes during the training day on Bloomberg. Right now, 0:01:17.920 --> 0:01:20.880 SMP futures are up one point. The Future is up sixteen, 0:01:21.240 --> 0:01:24.560 Nastack futures are lower by two. The tenure Treasury is 0:01:24.640 --> 0:01:26.720 up three thirty seconds. The deal two point three six 0:01:26.720 --> 0:01:29.600 percent yield on the two year two point one six percent. 0:01:29.959 --> 0:01:31.959 Nime X screwed is down one and a half percent, 0:01:32.000 --> 0:01:35.319 down a dollar sixty dollar sixty seven cents. A barrel 0:01:35.520 --> 0:01:37.760 comic goal down three tenths per cent or five dollar 0:01:37.840 --> 0:01:40.840 seventy cents at nineteen sixty two even announced. The euro 0:01:41.000 --> 0:01:44.120 right now is at one point one zero zero five 0:01:44.160 --> 0:01:46.360 against the dollar. John and Nathan will have more in 0:01:46.400 --> 0:01:48.360 the markets in a minute. The first the latest on 0:01:48.440 --> 0:01:52.160 the war and President Biden's trip overseas. The President has 0:01:52.200 --> 0:01:54.800 told NATO he wants Russia out of the G twenty. 0:01:55.240 --> 0:01:59.320 Bloomberg's Ent Baxter begins our Global Team coverage. President Biden 0:01:59.400 --> 0:02:02.440 answered the direct question of whether Russia should be removed. 0:02:02.440 --> 0:02:07.400 My answer is yes, depends on the um I that 0:02:07.640 --> 0:02:11.800 was raised today, and I raised the possibility if that 0:02:11.919 --> 0:02:14.760 can't be done, if Indonesia and others do not agree, 0:02:14.919 --> 0:02:17.920 then Ukraine should be invited there to witness the proceedings. 0:02:18.400 --> 0:02:21.760 Biden also said if Russia uses either chemical or nuclear weapons, 0:02:21.800 --> 0:02:25.720 or response should be in direct retaliation, and says that 0:02:25.800 --> 0:02:29.359 military supplies are going into Ukraine on a continuing basis. 0:02:29.960 --> 0:02:33.160 In San Francisco, I'm at Baxter Bloomberg Daybreak. Thanks said, 0:02:33.200 --> 0:02:35.840 it is another busy day for President Biden. He's just 0:02:35.880 --> 0:02:39.520 wrapped up meetings with European Commission President or slav under Lyne. 0:02:39.600 --> 0:02:41.640 Let's go live to London and get the very latest 0:02:41.680 --> 0:02:44.760 with Bloomberg's Max Ramsey. Good morning, Max, morning to you, 0:02:44.840 --> 0:02:47.799 Nathan and John. Yes, we had from President Biden alongside 0:02:47.840 --> 0:02:51.080 the head of the European Commission Commission as that funderline, 0:02:51.120 --> 0:02:53.960 in the past hour. The President addressed this new supply 0:02:54.080 --> 0:02:57.680 deal between the US and European Union announced earlier this morning. 0:02:57.960 --> 0:03:01.960 The United States, together with our international partners, we're gonna 0:03:02.000 --> 0:03:07.000 work to ensure an additional one one fifteen billion cubic 0:03:07.040 --> 0:03:10.320 meters of liquefied natural gas l n G for your 0:03:10.560 --> 0:03:14.360 this year. So a deal to send US liquefied natural 0:03:14.360 --> 0:03:17.120 gas to Europe. Remember, up to now Russia has been 0:03:17.160 --> 0:03:20.320 the biggest supplier of NAT gas to EU nation. So 0:03:20.440 --> 0:03:23.280 there's an important step in the US efforts to shift 0:03:23.320 --> 0:03:26.560 their energy policy away from Moscow. Live in London, Max 0:03:26.680 --> 0:03:29.239 Ramsey putting back daybreak, Max, thanks very much. The next 0:03:29.240 --> 0:03:31.880 of file stuff for President Bind's Europe trip is Poland. 0:03:32.080 --> 0:03:35.040 That's where he plans to meet local officials. Bloomberg's Age 0:03:35.160 --> 0:03:39.400 Cantrell continues our Global Team coverage from the Humanitarian eight 0:03:39.480 --> 0:03:42.120 Center near the border with Ukraine. There are going to 0:03:42.160 --> 0:03:45.800 be two focuses to his meetings here today. Firstly, there's 0:03:45.800 --> 0:03:48.320 the humanitarian angle. He's going to be talking about the 0:03:48.400 --> 0:03:51.960 humanitarian crisis, which Poland has seen the tangible effects of, 0:03:52.200 --> 0:03:55.520 having accepted two million of the refugees coming over the 0:03:55.520 --> 0:03:58.200 border from Ukraine. And then there's also the other side, 0:03:58.280 --> 0:04:00.920 the security side. He's expected to meet with the eighth 0:04:00.920 --> 0:04:03.600 second abb On here in Jeeshov and there's going to 0:04:03.640 --> 0:04:07.680 be talked about this effort to bolster the Eastern flank 0:04:07.800 --> 0:04:11.640 of NATO. Bloomberg Zachie Cantrell says Poland is taking in 0:04:11.680 --> 0:04:14.840 the bulk of refugees from Ukraine. It's winning praise for 0:04:14.880 --> 0:04:19.040 the move, also causing political and economic stress. Ukrainian President 0:04:19.080 --> 0:04:22.359 vladimir's Lensky john is scolding NATO leaders for not responding 0:04:22.400 --> 0:04:25.320 to his request for no fly zone. During his late 0:04:25.400 --> 0:04:28.160 night address to the European Council summit in Brussels, the 0:04:28.240 --> 0:04:32.919 Ukrainian president asked for more weapons and tighter sanctions on Russia. 0:04:33.040 --> 0:04:35.920 What do we need for this? Ukraine is very specific 0:04:35.960 --> 0:04:40.480 in answering this question. First, to intensify sanctions against Russian 0:04:40.480 --> 0:04:45.400 aggression on a weekly basis until it stops and restores peace. First. Second, 0:04:45.960 --> 0:04:48.520 take part in the creation of a new system of 0:04:48.600 --> 0:04:53.520 security guarantees for Ukraine, for a region real guarantees. President's 0:04:53.640 --> 0:04:56.400 Lenski also called out Hungary in his remarks, asking Prime 0:04:56.400 --> 0:04:59.479 Minister Victor Orban to shun Russia and fully support Ukraine. 0:04:59.560 --> 0:05:02.719 Or Bon says he will not send support into Ukraine 0:05:02.880 --> 0:05:05.960 and meantime, there's more concerned about China showing support for Russia. 0:05:06.000 --> 0:05:09.680 Bloomberg News has learned EU officials suspect that Beijing maybe 0:05:09.680 --> 0:05:13.440 supplying semi conductors another tech hardware to Moscow. It would 0:05:13.440 --> 0:05:16.120 be part of an effort to soften the impact of sanctions. 0:05:16.240 --> 0:05:19.400 Russia and China have denied any request for aid were 0:05:19.480 --> 0:05:22.520 made or accepted. Other news were following this morning. John 0:05:22.600 --> 0:05:25.200 keeps us in China, the mystery is deepening over that 0:05:25.240 --> 0:05:28.479 commercial plane crash from Monday. All on two people on 0:05:28.520 --> 0:05:31.240 board the China Eastern Airlines going seven three seven are 0:05:31.320 --> 0:05:34.520 presumed dead. Bloomberg Stephen Angle has the latest. Well, the 0:05:34.600 --> 0:05:38.120 latest is that authorities have indicated they have found potentially 0:05:38.160 --> 0:05:41.560 a piece of the aircraft about ten kilometers away from 0:05:41.560 --> 0:05:44.560 the main wreckage site, about six miles away, and that 0:05:44.640 --> 0:05:50.279 potentially indicates that something came off the aircraft midflight. And 0:05:50.320 --> 0:05:54.080 the questions now are if that piece was from the airplane, 0:05:54.080 --> 0:05:57.440 did that cause the plane to go into that nose 0:05:57.520 --> 0:06:00.560 dive and crash. Bloomberg Stephen Angle reports the flight went 0:06:00.600 --> 0:06:04.080 down without an emergency radio call from pilots. Now, let's 0:06:04.080 --> 0:06:06.599 take a hard turnout to the economy on the market's tenure, 0:06:06.640 --> 0:06:10.640 Treasury yields this morning down just slightly to thirty five 0:06:10.800 --> 0:06:13.960 right now on the benchmark, treasuries are on course for 0:06:14.040 --> 0:06:16.840 one of their worst quarterly rounds since at least the 0:06:16.880 --> 0:06:20.240 early nineteen seventies, all due to higher interest rates and 0:06:20.400 --> 0:06:23.040 rising inflation, and markets are looking to the Fed to 0:06:23.080 --> 0:06:25.600 get things back on track. We've got to take from 0:06:25.640 --> 0:06:31.400 former US Treasury Secretary Larry Summers. It's likely to require 0:06:31.600 --> 0:06:36.560 significantly greater interest rate hikes than the Fed or markets 0:06:36.600 --> 0:06:41.360 are now expecting. We need clear signals that we're prepared 0:06:41.440 --> 0:06:45.960 to accept some slowdown in economic activity if that's the 0:06:46.000 --> 0:06:50.560 price of reducing inflation. Former US Treasury Secretary Larry Summers 0:06:50.600 --> 0:06:53.840 making the comments on Bloomberg's Wall Street Week with David Weston. 0:06:54.160 --> 0:06:56.919 Catch the program tonight at six pm Eastern on Bloomberg 0:06:57.000 --> 0:06:59.920 Radio and Television. On the corporate front, this morning, John 0:06:59.839 --> 0:07:03.479 Amazon is facing more pressure from unions targeting its US warehouses. 0:07:03.600 --> 0:07:05.159 The a f l c i O will help the 0:07:05.160 --> 0:07:07.680 Teamsters union in its attempt. That would be a rare 0:07:07.800 --> 0:07:10.400 level of coordination for two groups that have been estranged 0:07:10.480 --> 0:07:13.240 for nearly two decades. At the same time, workers at 0:07:13.280 --> 0:07:15.760 an Amazon facility in Staten Island will vote today on 0:07:15.760 --> 0:07:25.840 whether to unionize. This is Bloomberg, and he is now 0:07:25.960 --> 0:07:28.120 six or seven og Wall Street trying to take a 0:07:28.160 --> 0:07:30.200 look at what's going on in New York, Canada, around 0:07:30.200 --> 0:07:32.680 the world. Here's Michael Barnes, John, thank you very much. 0:07:32.720 --> 0:07:35.440 There's pushed back to New York City Mayor Eric Adams 0:07:35.520 --> 0:07:39.560 dropping the COVID nineteen vaccine requirement for performers and athletes. 0:07:39.880 --> 0:07:43.640 Unvaccinated players like Brooklyn Nets point guard Kybrie Irving will 0:07:43.680 --> 0:07:46.360 be allowed inside the arena to play at home games. 0:07:46.600 --> 0:07:49.320 There's a duality to what I must accomplish. I must 0:07:49.360 --> 0:07:53.600 accomplish keeping the city safe, and I must accomplish accomplish 0:07:53.680 --> 0:07:57.320 recovering all economy. That's a duality. Is out of one 0:07:57.400 --> 0:08:01.200 size fit all. Mayor adams decision has come under fire 0:08:01.280 --> 0:08:05.080 from many municipal workers, like police and firefighters, who are 0:08:05.120 --> 0:08:08.720 still under a vaccine mandate. Critics claim Mayor Adams is 0:08:08.760 --> 0:08:13.080 favoring elites over ordinary New Yorkers. Harry Nespoli, head of 0:08:13.120 --> 0:08:16.280 the Municipal Labor Committee, said the city should offer away 0:08:16.280 --> 0:08:18.840 for our fired workers to get their jobs back. Don't 0:08:18.880 --> 0:08:21.280 shut the door on not when they had to come 0:08:21.320 --> 0:08:24.800 to work, when everybody was running out to the Hamptons 0:08:25.240 --> 0:08:27.840 and everybody's running up State New York and the only 0:08:27.880 --> 0:08:31.600 people here were city workers. Nespoli with the Municipal Labor 0:08:31.600 --> 0:08:34.840 Committee says about four hundred city workers were fired last 0:08:34.920 --> 0:08:37.959 month for failing to comply with the mandate. The city's 0:08:37.960 --> 0:08:41.360 police union released a statement saying, if the mandate isn't 0:08:41.360 --> 0:08:44.440 necessary for famous people, then it's not necessary for the 0:08:44.480 --> 0:08:48.200 cops who are protecting our city. Virginia Thomas, wife of 0:08:48.240 --> 0:08:53.280 Supreme Court Justice Clarence Thomas, sent weeks of text messages 0:08:53.360 --> 0:08:56.280 imploring the White House Chief of Staff Mark Meadows to 0:08:56.440 --> 0:09:01.240 act overturn the presidential election. That's according to several media reports. 0:09:01.440 --> 0:09:04.559 The messages came in the weeks after the vote. In November, 0:09:05.920 --> 0:09:09.679 former President Donald Trump sued Hillary Clinton, the Democratic Party, 0:09:09.760 --> 0:09:13.480 and several others, alleging a vast conspiracy to malign his 0:09:13.600 --> 0:09:19.320 character and cast doubt on the legitimacy of the election win. 0:09:20.000 --> 0:09:22.720 New York City's population dropped by more than three hundred 0:09:22.760 --> 0:09:26.200 thousand in one year, with Manhattan alone losing more than 0:09:26.320 --> 0:09:29.480 one hundred ten thousand residents as the six point six 0:09:29.559 --> 0:09:34.880 percent decline. According to data through July one released by 0:09:34.920 --> 0:09:37.760 the US Census Bureau, The city was hit by high 0:09:37.800 --> 0:09:41.880 rates of COVID nineteen infections and deaths, Global News twenty 0:09:41.880 --> 0:09:44.520 four hours a day on air and on Bloomberg Quicktake, 0:09:44.679 --> 0:09:47.480 powered by more than twenty seven hundred journalist and analysts 0:09:47.520 --> 0:09:51.080 more than a hundred twenty countries. Michael bar this is Bloomberg, John, Michael, 0:09:51.120 --> 0:09:56.520 thank you. Coming up on sixth sen of Wall Streets. 0:09:56.559 --> 0:09:59.520 Time down for the Bloomberg Sports Update. And here's John Stashower. 0:10:00.000 --> 0:10:02.280 In each of Dukes and C Double A tournament games 0:10:02.320 --> 0:10:04.719 can be the last of the coaching career of Mike Sachowski. 0:10:04.880 --> 0:10:07.280 He's not retired yet. Second game in a row where 0:10:07.320 --> 0:10:09.600 Duke rallied late to win. They eat Texas Techs seventy 0:10:09.800 --> 0:10:12.560 seventy three. They scored forty nine point to the second 0:10:12.600 --> 0:10:14.920 half against the nation's top defensive team. They scored on 0:10:14.960 --> 0:10:18.400 twelve with their last fifteen possessions. Dukes star freshman Paulo 0:10:18.440 --> 0:10:21.240 bon Carola the way twenty two points, all five Dukes 0:10:21.240 --> 0:10:23.520 starters and double figures. And now it's onto the regional 0:10:23.559 --> 0:10:27.319 final tomorrow in San Francisco against Arkansas, who upset top 0:10:27.360 --> 0:10:30.920 seed Gonzaga seventy four sixty seventh straight n C Double 0:10:30.920 --> 0:10:33.400 A twenty where Denzaga has reached the Sweet sixteen, but 0:10:33.480 --> 0:10:36.400 still without a title. They were the top overall seed 0:10:36.440 --> 0:10:39.079 each of the last two years. Arizona, also a one 0:10:39.120 --> 0:10:41.120 seed that lost only one game in each of the 0:10:41.160 --> 0:10:43.400 last three months. Came in thirty three and three, but 0:10:43.440 --> 0:10:47.400 Arizona never led against Houston, who won seventy two to sixty. 0:10:47.520 --> 0:10:49.920 Has a chance for back to back Final four's. Houston 0:10:50.000 --> 0:10:53.480 Tomorrow in San Antonio takes on Villanova, who ousted Michigan 0:10:53.559 --> 0:10:57.640 sixty three fifty five fifteen seed in St. Peter's pull off. 0:10:57.679 --> 0:11:00.319 Another upset the Peacocks and coach Shahina how the way 0:11:00.520 --> 0:11:02.960 tonight take on Perdue a chance to play in a 0:11:03.000 --> 0:11:05.319 regional final. Trying not to think about that, right, I 0:11:05.400 --> 0:11:07.720 try not to put that kind of fresh on the team, right. 0:11:07.800 --> 0:11:09.280 We just trying to take it one game out of time. 0:11:09.360 --> 0:11:12.720 But if that could happen, it'd be tremendous, I mean unbelievable, 0:11:12.760 --> 0:11:15.120 not just for New Jersey, like just for that try 0:11:15.360 --> 0:11:18.560 area period. To have a team representing of the eight 0:11:19.160 --> 0:11:21.440 is some of that you know you think about, don't 0:11:21.440 --> 0:11:23.880 as a coach, right, It's hard to get to this point. 0:11:24.000 --> 0:11:26.079 They will have plenty of fans apoard tonight the game 0:11:26.160 --> 0:11:28.280 just down the road from Jersey City in Philadelphia. Next 0:11:28.320 --> 0:11:31.959 play tonight in Miami Rangers host Pittsburgh. John stash Award 0:11:32.000 --> 0:11:34.559 Boomberg Sports Done all right, John Tanks and ahead of 0:11:34.600 --> 0:11:36.800 the cash open on Wall Street futures right now they 0:11:36.840 --> 0:11:40.600 are mixed. The smp EMITI futures just two points higher 0:11:40.679 --> 0:11:44.320 right now, the Down futures up thirteen, the NASAC futures 0:11:45.200 --> 0:11:48.240 down one point, pretty much unchanged at this point. As 0:11:48.240 --> 0:11:51.319 we look at tragedies ten year yield at two thirty 0:11:51.440 --> 0:11:54.880 five this morning, that he is down just one basis 0:11:54.960 --> 0:11:57.839 point for the benchmark two year yield. How does that 0:11:57.920 --> 0:12:01.480 two point one five percent? You are listening to Bloomberg 0:12:01.520 --> 0:12:07.839 day Break. At day Break, brought to you by are 0:12:07.960 --> 0:12:12.040 Accountants and Advisers. Challenging times called for proactive advisors who 0:12:12.120 --> 0:12:14.959 helped minimize taxes, increase cash flow, and create opportunities for 0:12:14.960 --> 0:12:22.559 the future of your business. Visit ancient dot com markets, 0:12:22.640 --> 0:12:25.719 headlines and breaking news twenty four hours a day at 0:12:25.720 --> 0:12:29.160 Bloomberg dot Com, the Bloomberg Business at and at Bloomberg 0:12:29.200 --> 0:12:38.720 Quick Tape. He's a Bloomberg Business Lash. I'm Nathan Hagar. 0:12:38.920 --> 0:12:42.199 Futures are little changed this morning, signaling a pause after 0:12:42.440 --> 0:12:45.120 yesterday's rally. Is the war in Ukraine and the Feds 0:12:45.200 --> 0:12:48.120 tightening way on sentiment. We checked the markets every fifteen 0:12:48.120 --> 0:12:50.840 minutes during the trading day on Bloomberg. Right now, SMP 0:12:51.000 --> 0:12:53.880 futures are up two points down, futures up twenty, Nasdaq 0:12:53.960 --> 0:12:57.400 futures higher. Actually, they're little changed right now. Sen Your 0:12:57.440 --> 0:12:59.720 treasury is up three thirty seconds. The deal two point 0:12:59.720 --> 0:13:01.719 three six percent in the yield on the two year 0:13:01.760 --> 0:13:04.280 two point one five nime X screwed is now down 0:13:04.320 --> 0:13:07.160 six tenths per center, sixties four cents at a hundred 0:13:07.160 --> 0:13:09.960 eleven dollars, seventy one cents of arrol Comics called down 0:13:09.960 --> 0:13:12.320 two tenths per center, three dollars forty cents at nineteen 0:13:13.160 --> 0:13:16.120 announced zero one point one zero zero six against the 0:13:16.160 --> 0:13:19.600 dollar the end one point five seven bitcoins hire by 0:13:19.600 --> 0:13:21.960 six tenths per cent, trading around forty four thousand, one 0:13:22.000 --> 0:13:24.680 hundred dollars. That's a Bloomberg business. Fish. And now here's 0:13:24.679 --> 0:13:27.120 Michael Barr with more on what's going on around the world. 0:13:27.160 --> 0:13:31.320 Michael Nathan, thank you very much. President Joe Biden's visit 0:13:31.360 --> 0:13:34.040 to Poland as his final stop in Europe this week 0:13:34.160 --> 0:13:37.599 offers a chance to underscore US commitment to protect a 0:13:37.720 --> 0:13:41.960 key NATO member on Ukraine's doorstep. Before leaving for Poland, 0:13:42.000 --> 0:13:46.360 President Biden and European Commission President Ursula vonder Land announced 0:13:46.360 --> 0:13:49.280 today in Brussels a joint task force to reduce Europe's 0:13:49.320 --> 0:13:54.200 dependency on Russian energy. It's the Little University making Big 0:13:54.320 --> 0:13:57.480 Noise and the men's NZ Double a basketball tournament. Jersey 0:13:57.520 --> 0:14:00.920 City's St. Peter's Peacocks look to keep their surprise run 0:14:01.000 --> 0:14:03.840 going when they play for Due tonight. The Peacocks are 0:14:03.880 --> 0:14:06.520 the third fifteen seat to make the Sweet sixteen and 0:14:06.600 --> 0:14:08.920 are trying to become the first to get to the 0:14:08.960 --> 0:14:12.280 Elite eight in the n h L. The Islanders won 0:14:12.600 --> 0:14:15.040 global news twenty four hours a day on airand on 0:14:15.080 --> 0:14:18.000 Bloomberg Quick Take, powered by more than twenty seven hundred 0:14:18.040 --> 0:14:20.280 journalists and analysts more than a hundred twenty countries. I'm 0:14:20.320 --> 0:14:22.800 Michael mar This is Bloomberg, John Michael, thank you. It's 0:14:22.840 --> 0:14:25.200 coming up on six twenty Wall Street. We are live 0:14:25.240 --> 0:14:29.560 from the Bloomberg in Tranto Broker Studios. This is Bloomberg Daybreak. 0:14:30.240 --> 0:14:33.920 President Biden visiting Poland on his way there now as 0:14:33.960 --> 0:14:37.400 his final stop in Europe this week, joining us. Now, 0:14:37.440 --> 0:14:41.880 Aggie Cantrell is live on the Polish Ukraine border with 0:14:42.000 --> 0:14:45.800 the latest on the situation in Ukraine at the humanitarian 0:14:45.920 --> 0:14:50.080 a center there. Aggie, what what will Greek President Biden 0:14:50.080 --> 0:14:52.120 as he arrives there? What is he going to see today? 0:14:53.440 --> 0:14:56.440 So um I see it as field web. Biden is 0:14:56.480 --> 0:15:01.000 going to arrive in Jeschuf, which is a small town 0:15:01.280 --> 0:15:04.840 in south southeast Poland, which is currently sort of an 0:15:05.000 --> 0:15:08.560 artery of the whole transport of humanitarian aid and also 0:15:08.640 --> 0:15:12.720 military aid to Ukraine. Uh And this this small town 0:15:12.880 --> 0:15:16.320 is going to greet President Biden and also President Duda 0:15:16.360 --> 0:15:19.440 of Poland. Um And here Biden is also going to 0:15:19.480 --> 0:15:22.280 meet with the second airborne that is in the town 0:15:22.360 --> 0:15:26.200 at the moment. You've told us stories about the refugees 0:15:26.280 --> 0:15:29.000 crossing over from the border, and what they've told you. 0:15:29.400 --> 0:15:31.480 Is the President going to meet with any of those 0:15:31.600 --> 0:15:37.080 refugees from Ukraine. That's unclear as of today. Um. We 0:15:37.160 --> 0:15:41.040 know that he's doing a humanitarian briefing at the airport 0:15:41.480 --> 0:15:45.120 and then he's going to meet with the members of 0:15:45.160 --> 0:15:48.440 the U S military. However, he may do so when 0:15:48.480 --> 0:15:54.320 he had to warsaw later at all, perhaps tomorrow. In 0:15:54.480 --> 0:15:57.680 terms of the signal that this sends, what what can 0:15:57.720 --> 0:15:59.960 you tell us about that it has been at your 0:16:00.360 --> 0:16:05.440 front between the Western power is so far right? Yes, 0:16:05.520 --> 0:16:09.560 it's essentially. His visit here has a twofold significant. Firstly, 0:16:09.680 --> 0:16:13.000 there is a humanitarian aspect. It comes just as the 0:16:13.120 --> 0:16:15.920 United States has announced that they will be accepting a 0:16:16.000 --> 0:16:19.920 hundred thousand Ukrainian refugees. They know that yesterday from the 0:16:19.920 --> 0:16:23.520 White House, and obviously Poland is the country that has 0:16:23.560 --> 0:16:26.920 accepted the majority of those refugees over two million people. 0:16:27.360 --> 0:16:31.680 That's a significant step for the US to show solidarity 0:16:31.720 --> 0:16:34.440 with Poland in this on this front. But then also 0:16:34.520 --> 0:16:38.040 there's the security aspect. Poland shays a large land border 0:16:38.080 --> 0:16:41.440 with Ukraine and they are themselves very concerned about the 0:16:41.520 --> 0:16:44.640 risk of spillover of this conflict into their own territory. 0:16:45.040 --> 0:16:48.280 And as a native member here, there will be expectations 0:16:48.320 --> 0:16:51.280 from the Polish side that a Biden's presence here is 0:16:51.320 --> 0:16:55.680 also signaling a support for Poland's own security as well 0:16:55.720 --> 0:16:59.600 as support for Ukraine. There's been additional deployment of troops. 0:16:59.600 --> 0:17:03.800 There is that correct, Yes there has. Indeed, yes there's been, 0:17:03.920 --> 0:17:07.480 there has been a bolstering of NATO's entire eastern flank, 0:17:07.640 --> 0:17:09.800 and Poland is a key part of that. That it 0:17:09.920 --> 0:17:13.160 also however, applies to places like the Baltic as well, 0:17:13.480 --> 0:17:16.240 which are also considered have the same sort of security 0:17:16.240 --> 0:17:19.200 concerns as Poland. And not only that, as I say, 0:17:19.240 --> 0:17:21.760 this town jeof where I am right now, is also 0:17:21.840 --> 0:17:25.480 a place which is which is on that supply run 0:17:25.800 --> 0:17:29.720 into Ukraine. When it comes to humanitarian military aid, give 0:17:29.800 --> 0:17:32.080 us an idea of just how much in terms of 0:17:32.119 --> 0:17:35.360 supplies is moving through there and headed to Ukraine at 0:17:35.359 --> 0:17:38.680 this point. So I can give you an idea when 0:17:38.720 --> 0:17:41.879 it comes to humanitarian supplies because earlier this week I 0:17:41.960 --> 0:17:43.960 was actually at the u n h c R World 0:17:43.960 --> 0:17:48.480 Through Program depot that is just nearby this airfield, and 0:17:48.840 --> 0:17:52.000 there they said the reliar this week they'd already chipped 0:17:52.040 --> 0:17:57.359 out thirty five trucks in order of humanitarian supplies. But 0:17:57.560 --> 0:17:59.440 just the U n h c R that's been providing 0:17:59.480 --> 0:18:03.000 that from depot um this place, because it's a it's 0:18:03.000 --> 0:18:07.680 one of the airports essentially closest to Ukraine. It's essentially 0:18:07.720 --> 0:18:11.600 the stop off point um the final point before that 0:18:11.920 --> 0:18:16.560 the the equipment and the humanitarian aid is then shipped 0:18:16.560 --> 0:18:19.719 over on land into Ukraine. So this is sort of 0:18:19.760 --> 0:18:23.919 the last stop for things coming through by air before 0:18:23.920 --> 0:18:26.800 it then crosses over the border in trucks. Those are 0:18:26.840 --> 0:18:30.359 the supplies. As far as the flood of refugees is 0:18:30.440 --> 0:18:36.240 that continuing, Yes, it is continuing. However, it should be 0:18:36.280 --> 0:18:39.560 noted that there has been a drop off in the 0:18:39.600 --> 0:18:42.960 amount of refugees coming into Poland. That doesn't mean that 0:18:43.040 --> 0:18:46.240 the flows have stopped. But when I was first here 0:18:46.320 --> 0:18:49.919 several weeks ago now we were hearing of queues of 0:18:50.040 --> 0:18:52.679 up to sixty hours for people to cross the border. 0:18:52.920 --> 0:18:56.639 Those waiting times have now diminished significantly for those crossing 0:18:56.640 --> 0:19:00.840 the border, which is obviously incredibly important because the longer 0:19:00.880 --> 0:19:04.359 people weighed, especially in cold climates, that is also a 0:19:04.520 --> 0:19:08.800 risk to people's security and health. But also we're seeing 0:19:08.800 --> 0:19:11.439 that once they're there, there has been a better and 0:19:11.480 --> 0:19:14.959 more streamlined effort on the part of the Polish authorities 0:19:14.960 --> 0:19:17.080 to make sure that they're not stuck at the border, 0:19:17.119 --> 0:19:19.920 but then they can transit on with either to larger 0:19:20.000 --> 0:19:22.720 cities in Poland or on with other places in the EU. 0:19:23.240 --> 0:19:26.879 Bloomberg's Aggie can trail live with us from the Polish 0:19:27.000 --> 0:19:30.359 Ukraine border. Aggie, thanks very much for your work. We 0:19:30.400 --> 0:19:34.080 appreciate it again President Biden's visit to Poland. He's on 0:19:34.119 --> 0:19:37.600 his way his final stop in Europe this week, offering 0:19:37.640 --> 0:19:41.120 a chance to underscore US comma to protected a key 0:19:41.400 --> 0:19:45.159 NATO member as the war in Ukraine next door continues 0:19:45.200 --> 0:19:49.119 to rage. Yeah, right now, down futures twenty points higher, 0:19:49.359 --> 0:19:51.879 smp E many futures, they're up just three points, and 0:19:51.920 --> 0:19:55.600 that as their futures unchanged. As we look at treasuries 0:19:55.720 --> 0:19:59.080 this morning, the benchmark two year, the benchmark tenure right 0:19:59.080 --> 0:20:02.560 now two thirties X. That's pretty much unchanged the yield. 0:20:03.119 --> 0:20:06.720 You're listening to Bloomberg day Break. Daybreak brought to you 0:20:06.800 --> 0:20:08.760 by Audie. Don't let someone else drive off at the 0:20:08.800 --> 0:20:11.240 Audie bottle you've always wanted busy to try state area 0:20:11.280 --> 0:20:13.720 Audie dealer to get behind the wheel of yours today, 0:20:13.840 --> 0:20:22.879 or visit Audi Offers dot com for more information. Broadcasting 0:20:22.960 --> 0:20:26.680 live from the Bloomberg Interacted Broker's studio in New York, 0:20:26.760 --> 0:20:29.879 Bloomberg E Living free on to Washington, d C. Bloomberg 0:20:30.840 --> 0:20:34.080 to Boston, Bloomberg one O six one to San Francisco, 0:20:34.160 --> 0:20:37.880 Bloomberg Knowing sixteen to the country Sirius XM chto one nine, 0:20:38.240 --> 0:20:41.399 and around the globe, the Bloomberg Business app and Bloomberg 0:20:41.480 --> 0:20:50.240 Radio dot com. This is Bloomberg Daybreak. He at six 0:20:50.280 --> 0:20:52.600 thirty on Wall Street. Good morning, I'm John Tucker. I'm 0:20:52.680 --> 0:20:54.760 Nathan Hagar. We're just about three hours away from the 0:20:54.760 --> 0:20:56.879 open of US training. Time for the five things you 0:20:56.920 --> 0:20:58.679 need to know to start your day. Brought to you 0:20:58.720 --> 0:21:02.160 by Interactive Broker. His Interactive Brokers charges margin loan rates 0:21:02.160 --> 0:21:04.760 from zero point seven five to one point five eight percent, 0:21:04.880 --> 0:21:07.440 rates subject to change. Learn more at ib k r 0:21:07.560 --> 0:21:11.600 dot com slash compare First. President Biden continues his trip 0:21:11.640 --> 0:21:13.920 in Europe. This morning, he has met with European Commissioned 0:21:13.920 --> 0:21:17.000 President Ursula vonder Lyne. He announced in agreement to boost 0:21:17.040 --> 0:21:20.800 the supply of liquefied natural gas to European countries. These 0:21:20.840 --> 0:21:26.880 steps will increase energy security, economic security, and national security. 0:21:27.000 --> 0:21:30.560 I'm gonna stand up joint task force tomplement these changes 0:21:30.880 --> 0:21:34.840 and drive progress that will be co chaired by representatives 0:21:34.840 --> 0:21:37.400 from the White House and the President of the European 0:21:37.480 --> 0:21:40.560 Unions Team. President Biden says the agreement aims to help 0:21:40.600 --> 0:21:43.800 Europe wean itself from Russian fuel in Moscow has been 0:21:43.840 --> 0:21:46.520 the main focus of the subbody in Europe. Yesterday, President 0:21:46.560 --> 0:21:49.200 Biden called for Russia to be removed from the G twenty. 0:21:49.520 --> 0:21:52.160 He also warned lad of Air Putin against using biological, 0:21:52.240 --> 0:21:56.359 chemical or nuclear weapons in Ukraine. Bloomberg's Maria Today, Oh 0:21:56.480 --> 0:21:59.360 has more from Brussels. The symbolic nature of the stramp 0:21:59.440 --> 0:22:02.359 is huge, and yesterday we did get the show of unity. 0:22:02.440 --> 0:22:05.040 The President of the United States, Summer I said very well. 0:22:05.119 --> 0:22:08.479 He said when Vladimer Putting invaded Ukraine, he was looking 0:22:08.520 --> 0:22:11.800 to create chaos and disarray in Europe. The reality is 0:22:12.040 --> 0:22:14.200 at this point we're more united than we've ever been, 0:22:14.240 --> 0:22:17.280 and that was echoed by the Secretary General of NATO 0:22:17.359 --> 0:22:20.360 who said, at this point where the strongest military alliance 0:22:20.400 --> 0:22:23.119 and the world, we stayed together, we stick together, we 0:22:23.200 --> 0:22:26.320 are going to be safe. Bloomberg's Maria Today or reports 0:22:26.480 --> 0:22:29.920 Ukrainian President Philadimir Zolinski is asking NATO for more weapons 0:22:29.960 --> 0:22:32.920 and tighter sanctions on Russia. Well, there's more concerned about 0:22:33.000 --> 0:22:35.840 China showing support for Russia as well. John Bloomberg News 0:22:35.840 --> 0:22:39.520 has learned EU officials suspect Beijing may supply semiconductors another 0:22:39.560 --> 0:22:41.959 tech hardware to Moscow. It would be part of an 0:22:41.960 --> 0:22:44.560 effort to soften the impact of sanctions. Now Russia and 0:22:44.640 --> 0:22:48.159 China both denied any requests sir aid were made or accepted. 0:22:48.560 --> 0:22:51.520 And another story we're following this morning, the mystery deepening 0:22:51.520 --> 0:22:55.080 over the crash of the Chinese Eastern Airlines Boeing seven seven. 0:22:55.240 --> 0:22:57.280 At least one piece of the plane appears so broken 0:22:57.320 --> 0:23:00.440