Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: day Break for Friday, March two. Coming up this hour,
Speaker 1: President Biden pushes for Russia to be removed from the
Speaker 1: G twenty. Vladimir Selinski scolds Natil for not deploying a
Speaker 1: no fly zone over Ukraine, and world leaders continue their
Speaker 1: summit on the war. We're iam Brussels in Poland. With
Speaker 1: the very latest reaction to New York Mayor Adams exempting
Speaker 1: athletes and performers from vaccine mandates. Was a House committee
Speaker 1: investigates the wife of Justice Clarence Thomas. Michael blarm More ahead,
Speaker 1: I'm John Stash, Aaron Sports, Mike Satchevski's coaching career not
Speaker 1: over yet. Duke advances in the n C Double A
Speaker 1: Tournament Gonzaga in Arizona, lost St. Peter's place tonight. That's
Speaker 1: all straight ahead on Bloomberg day Break on Bloomberg Element TREEO,
Speaker 1: New York, Bloomberg N one, Washington, d C, Bloomberg one
Speaker 1: oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius
Speaker 1: x M one nineteen and around the world going Bloomberg
Speaker 1: Radio dot Com and via the Bloomberg Business that Hey,
Speaker 1: good morning. I'm John Tucker, I'm Nathan Hagar. Futures are wavering.
Speaker 1: To close out the week, We're coming up to six
Speaker 1: o one on Wall Street. We checked the markets every
Speaker 1: fifteen minutes during the training day on Bloomberg. Right now,
Speaker 1: SMP futures are up one point. The Future is up sixteen,
Speaker 1: Nastack futures are lower by two. The tenure Treasury is
Speaker 1: up three thirty seconds. The deal two point three six
Speaker 1: percent yield on the two year two point one six percent.
Speaker 1: Nime X screwed is down one and a half percent,
Speaker 1: down a dollar sixty dollar sixty seven cents. A barrel
Speaker 1: comic goal down three tenths per cent or five dollar
Speaker 1: seventy cents at nineteen sixty two even announced. The euro
Speaker 1: right now is at one point one zero zero five
Speaker 1: against the dollar. John and Nathan will have more in
Speaker 1: the markets in a minute. The first the latest on
Speaker 1: the war and President Biden's trip overseas. The President has
Speaker 1: told NATO he wants Russia out of the G twenty.
Speaker 1: Bloomberg's Ent Baxter begins our Global Team coverage. President Biden
Speaker 1: answered the direct question of whether Russia should be removed.
Speaker 1: My answer is yes, depends on the um I that
Speaker 1: was raised today, and I raised the possibility if that
Speaker 1: can't be done, if Indonesia and others do not agree,
Speaker 1: then Ukraine should be invited there to witness the proceedings.
Speaker 1: Biden also said if Russia uses either chemical or nuclear weapons,
Speaker 1: or response should be in direct retaliation, and says that
Speaker 1: military supplies are going into Ukraine on a continuing basis.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak. Thanks said,
Speaker 1: it is another busy day for President Biden. He's just
Speaker 1: wrapped up meetings with European Commission President or slav under Lyne.
Speaker 1: Let's go live to London and get the very latest
Speaker 1: with Bloomberg's Max Ramsey. Good morning, Max, morning to you,
Speaker 1: Nathan and John. Yes, we had from President Biden alongside
Speaker 1: the head of the European Commission Commission as that funderline,
Speaker 1: in the past hour. The President addressed this new supply
Speaker 1: deal between the US and European Union announced earlier this morning.
Speaker 1: The United States, together with our international partners, we're gonna
Speaker 1: work to ensure an additional one one fifteen billion cubic
Speaker 1: meters of liquefied natural gas l n G for your
Speaker 1: this year. So a deal to send US liquefied natural
Speaker 1: gas to Europe. Remember, up to now Russia has been
Speaker 1: the biggest supplier of NAT gas to EU nation. So
Speaker 1: there's an important step in the US efforts to shift
Speaker 1: their energy policy away from Moscow. Live in London, Max
Speaker 1: Ramsey putting back daybreak, Max, thanks very much. The next
Speaker 1: of file stuff for President Bind's Europe trip is Poland.
Speaker 1: That's where he plans to meet local officials. Bloomberg's Age
Speaker 1: Cantrell continues our Global Team coverage from the Humanitarian eight
Speaker 1: Center near the border with Ukraine. There are going to
Speaker 1: be two focuses to his meetings here today. Firstly, there's
Speaker 1: the humanitarian angle. He's going to be talking about the
Speaker 1: humanitarian crisis, which Poland has seen the tangible effects of,
Speaker 1: having accepted two million of the refugees coming over the
Speaker 1: border from Ukraine. And then there's also the other side,
Speaker 1: the security side. He's expected to meet with the eighth
Speaker 1: second abb On here in Jeeshov and there's going to
Speaker 1: be talked about this effort to bolster the Eastern flank
Speaker 1: of NATO. Bloomberg Zachie Cantrell says Poland is taking in
Speaker 1: the bulk of refugees from Ukraine. It's winning praise for
Speaker 1: the move, also causing political and economic stress. Ukrainian President
Speaker 1: vladimir's Lensky john is scolding NATO leaders for not responding
Speaker 1: to his request for no fly zone. During his late
Speaker 1: night address to the European Council summit in Brussels, the
Speaker 1: Ukrainian president asked for more weapons and tighter sanctions on Russia.
Speaker 1: What do we need for this? Ukraine is very specific
Speaker 1: in answering this question. First, to intensify sanctions against Russian
Speaker 1: aggression on a weekly basis until it stops and restores peace. First. Second,
Speaker 1: take part in the creation of a new system of
Speaker 1: security guarantees for Ukraine, for a region real guarantees. President's
Speaker 1: Lenski also called out Hungary in his remarks, asking Prime
Speaker 1: Minister Victor Orban to shun Russia and fully support Ukraine.
Speaker 1: Or Bon says he will not send support into Ukraine
Speaker 1: and meantime, there's more concerned about China showing support for Russia.
Speaker 1: Bloomberg News has learned EU officials suspect that Beijing maybe
Speaker 1: supplying semi conductors another tech hardware to Moscow. It would
Speaker 1: be part of an effort to soften the impact of sanctions.
Speaker 1: Russia and China have denied any request for aid were
Speaker 1: made or accepted. Other news were following this morning. John
Speaker 1: keeps us in China, the mystery is deepening over that
Speaker 1: commercial plane crash from Monday. All on two people on
Speaker 1: board the China Eastern Airlines going seven three seven are
Speaker 1: presumed dead. Bloomberg Stephen Angle has the latest. Well, the
Speaker 1: latest is that authorities have indicated they have found potentially
Speaker 1: a piece of the aircraft about ten kilometers away from
Speaker 1: the main wreckage site, about six miles away, and that
Speaker 1: potentially indicates that something came off the aircraft midflight. And
Speaker 1: the questions now are if that piece was from the airplane,
Speaker 1: did that cause the plane to go into that nose
Speaker 1: dive and crash. Bloomberg Stephen Angle reports the flight went
Speaker 1: down without an emergency radio call from pilots. Now, let's
Speaker 1: take a hard turnout to the economy on the market's tenure,
Speaker 1: Treasury yields this morning down just slightly to thirty five
Speaker 1: right now on the benchmark, treasuries are on course for
Speaker 1: one of their worst quarterly rounds since at least the
Speaker 1: early nineteen seventies, all due to higher interest rates and
Speaker 1: rising inflation, and markets are looking to the Fed to
Speaker 1: get things back on track. We've got to take from
Speaker 1: former US Treasury Secretary Larry Summers. It's likely to require
Speaker 1: significantly greater interest rate hikes than the Fed or markets
Speaker 1: are now expecting. We need clear signals that we're prepared
Speaker 1: to accept some slowdown in economic activity if that's the
Speaker 1: price of reducing inflation. Former US Treasury Secretary Larry Summers
Speaker 1: making the comments on Bloomberg's Wall Street Week with David Weston.
Speaker 1: Catch the program tonight at six pm Eastern on Bloomberg
Speaker 1: Radio and Television. On the corporate front, this morning, John
Speaker 1: Amazon is facing more pressure from unions targeting its US warehouses.
Speaker 1: The a f l c i O will help the
Speaker 1: Teamsters union in its attempt. That would be a rare
Speaker 1: level of coordination for two groups that have been estranged
Speaker 1: for nearly two decades. At the same time, workers at
Speaker 1: an Amazon facility in Staten Island will vote today on
Speaker 1: whether to unionize. This is Bloomberg, and he is now
Speaker 1: six or seven og Wall Street trying to take a
Speaker 1: look at what's going on in New York, Canada, around
Speaker 1: the world. Here's Michael Barnes, John, thank you very much.
Speaker 1: There's pushed back to New York City Mayor Eric Adams
Speaker 1: dropping the COVID nineteen vaccine requirement for performers and athletes.
Speaker 1: Unvaccinated players like Brooklyn Nets point guard Kybrie Irving will
Speaker 1: be allowed inside the arena to play at home games.
Speaker 1: There's a duality to what I must accomplish. I must
Speaker 1: accomplish keeping the city safe, and I must accomplish accomplish
Speaker 1: recovering all economy. That's a duality. Is out of one
Speaker 1: size fit all. Mayor adams decision has come under fire
Speaker 1: from many municipal workers, like police and firefighters, who are
Speaker 1: still under a vaccine mandate. Critics claim Mayor Adams is
Speaker 1: favoring elites over ordinary New Yorkers. Harry Nespoli, head of
Speaker 1: the Municipal Labor Committee, said the city should offer away
Speaker 1: for our fired workers to get their jobs back. Don't
Speaker 1: shut the door on not when they had to come
Speaker 1: to work, when everybody was running out to the Hamptons
Speaker 1: and everybody's running up State New York and the only
Speaker 1: people here were city workers. Nespoli with the Municipal Labor
Speaker 1: Committee says about four hundred city workers were fired last
Speaker 1: month for failing to comply with the mandate. The city's
Speaker 1: police union released a statement saying, if the mandate isn't
Speaker 1: necessary for famous people, then it's not necessary for the
Speaker 1: cops who are protecting our city. Virginia Thomas, wife of
Speaker 1: Supreme Court Justice Clarence Thomas, sent weeks of text messages
Speaker 1: imploring the White House Chief of Staff Mark Meadows to
Speaker 1: act overturn the presidential election. That's according to several media reports.
Speaker 1: The messages came in the weeks after the vote. In November,
Speaker 1: former President Donald Trump sued Hillary Clinton, the Democratic Party,
Speaker 1: and several others, alleging a vast conspiracy to malign his
Speaker 1: character and cast doubt on the legitimacy of the election win.
Speaker 1: New York City's population dropped by more than three hundred
Speaker 1: thousand in one year, with Manhattan alone losing more than
Speaker 1: one hundred ten thousand residents as the six point six
Speaker 1: percent decline. According to data through July one released by
Speaker 1: the US Census Bureau, The city was hit by high
Speaker 1: rates of COVID nineteen infections and deaths, Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalist and analysts
Speaker 1: more than a hundred twenty countries. Michael bar this is Bloomberg, John, Michael,
Speaker 1: thank you. Coming up on sixth sen of Wall Streets.
Speaker 1: Time down for the Bloomberg Sports Update. And here's John Stashower.
Speaker 1: In each of Dukes and C Double A tournament games
Speaker 1: can be the last of the coaching career of Mike Sachowski.
Speaker 1: He's not retired yet. Second game in a row where
Speaker 1: Duke rallied late to win. They eat Texas Techs seventy
Speaker 1: seventy three. They scored forty nine point to the second
Speaker 1: half against the nation's top defensive team. They scored on
Speaker 1: twelve with their last fifteen possessions. Dukes star freshman Paulo
Speaker 1: bon Carola the way twenty two points, all five Dukes
Speaker 1: starters and double figures. And now it's onto the regional
Speaker 1: final tomorrow in San Francisco against Arkansas, who upset top
Speaker 1: seed Gonzaga seventy four sixty seventh straight n C Double
Speaker 1: A twenty where Denzaga has reached the Sweet sixteen, but
Speaker 1: still without a title. They were the top overall seed
Speaker 1: each of the last two years. Arizona, also a one
Speaker 1: seed that lost only one game in each of the
Speaker 1: last three months. Came in thirty three and three, but
Speaker 1: Arizona never led against Houston, who won seventy two to sixty.
Speaker 1: Has a chance for back to back Final four's. Houston
Speaker 1: Tomorrow in San Antonio takes on Villanova, who ousted Michigan
Speaker 1: sixty three fifty five fifteen seed in St. Peter's pull off.
Speaker 1: Another upset the Peacocks and coach Shahina how the way
Speaker 1: tonight take on Perdue a chance to play in a
Speaker 1: regional final. Trying not to think about that, right, I
Speaker 1: try not to put that kind of fresh on the team, right.
Speaker 1: We just trying to take it one game out of time.
Speaker 1: But if that could happen, it'd be tremendous, I mean unbelievable,
Speaker 1: not just for New Jersey, like just for that try
Speaker 1: area period. To have a team representing of the eight
Speaker 1: is some of that you know you think about, don't
Speaker 1: as a coach, right, It's hard to get to this point.
Speaker 1: They will have plenty of fans apoard tonight the game
Speaker 1: just down the road from Jersey City in Philadelphia. Next
Speaker 1: play tonight in Miami Rangers host Pittsburgh. John stash Award
Speaker 1: Boomberg Sports Done all right, John Tanks and ahead of
Speaker 1: the cash open on Wall Street futures right now they
Speaker 1: are mixed. The smp EMITI futures just two points higher
Speaker 1: right now, the Down futures up thirteen, the NASAC futures
Speaker 1: down one point, pretty much unchanged at this point. As
Speaker 1: we look at tragedies ten year yield at two thirty
Speaker 1: five this morning, that he is down just one basis
Speaker 1: point for the benchmark two year yield. How does that
Speaker 1: two point one five percent? You are listening to Bloomberg
Speaker 1: day Break. At day Break, brought to you by are
Speaker 1: Accountants and Advisers. Challenging times called for proactive advisors who
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Speaker 1: Quick Tape. He's a Bloomberg Business Lash. I'm Nathan Hagar.
Speaker 1: Futures are little changed this morning, signaling a pause after
Speaker 1: yesterday's rally. Is the war in Ukraine and the Feds
Speaker 1: tightening way on sentiment. We checked the markets every fifteen
Speaker 1: minutes during the trading day on Bloomberg. Right now, SMP
Speaker 1: futures are up two points down, futures up twenty, Nasdaq
Speaker 1: futures higher. Actually, they're little changed right now. Sen Your
Speaker 1: treasury is up three thirty seconds. The deal two point
Speaker 1: three six percent in the yield on the two year
Speaker 1: two point one five nime X screwed is now down
Speaker 1: six tenths per center, sixties four cents at a hundred
Speaker 1: eleven dollars, seventy one cents of arrol Comics called down
Speaker 1: two tenths per center, three dollars forty cents at nineteen
Speaker 1: announced zero one point one zero zero six against the
Speaker 1: dollar the end one point five seven bitcoins hire by
Speaker 1: six tenths per cent, trading around forty four thousand, one
Speaker 1: hundred dollars. That's a Bloomberg business. Fish. And now here's
Speaker 1: Michael Barr with more on what's going on around the world.
Speaker 1: Michael Nathan, thank you very much. President Joe Biden's visit
Speaker 1: to Poland as his final stop in Europe this week
Speaker 1: offers a chance to underscore US commitment to protect a
Speaker 1: key NATO member on Ukraine's doorstep. Before leaving for Poland,
Speaker 1: President Biden and European Commission President Ursula vonder Land announced
Speaker 1: today in Brussels a joint task force to reduce Europe's
Speaker 1: dependency on Russian energy. It's the Little University making Big
Speaker 1: Noise and the men's NZ Double a basketball tournament. Jersey
Speaker 1: City's St. Peter's Peacocks look to keep their surprise run
Speaker 1: going when they play for Due tonight. The Peacocks are
Speaker 1: the third fifteen seat to make the Sweet sixteen and
Speaker 1: are trying to become the first to get to the
Speaker 1: Elite eight in the n h L. The Islanders won
Speaker 1: global news twenty four hours a day on airand on
Speaker 1: Bloomberg Quick Take, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael mar This is Bloomberg, John Michael, thank you. It's
Speaker 1: coming up on six twenty Wall Street. We are live
Speaker 1: from the Bloomberg in Tranto Broker Studios. This is Bloomberg Daybreak.
Speaker 1: President Biden visiting Poland on his way there now as
Speaker 1: his final stop in Europe this week, joining us. Now,
Speaker 1: Aggie Cantrell is live on the Polish Ukraine border with
Speaker 1: the latest on the situation in Ukraine at the humanitarian
Speaker 1: a center there. Aggie, what what will Greek President Biden
Speaker 1: as he arrives there? What is he going to see today?
Speaker 1: So um I see it as field web. Biden is
Speaker 1: going to arrive in Jeschuf, which is a small town
Speaker 1: in south southeast Poland, which is currently sort of an
Speaker 1: artery of the whole transport of humanitarian aid and also
Speaker 1: military aid to Ukraine. Uh And this this small town
Speaker 1: is going to greet President Biden and also President Duda
Speaker 1: of Poland. Um And here Biden is also going to
Speaker 1: meet with the second airborne that is in the town
Speaker 1: at the moment. You've told us stories about the refugees
Speaker 1: crossing over from the border, and what they've told you.
Speaker 1: Is the President going to meet with any of those
Speaker 1: refugees from Ukraine. That's unclear as of today. Um. We
Speaker 1: know that he's doing a humanitarian briefing at the airport
Speaker 1: and then he's going to meet with the members of
Speaker 1: the U S military. However, he may do so when
Speaker 1: he had to warsaw later at all, perhaps tomorrow. In
Speaker 1: terms of the signal that this sends, what what can
Speaker 1: you tell us about that it has been at your
Speaker 1: front between the Western power is so far right? Yes,
Speaker 1: it's essentially. His visit here has a twofold significant. Firstly,
Speaker 1: there is a humanitarian aspect. It comes just as the
Speaker 1: United States has announced that they will be accepting a
Speaker 1: hundred thousand Ukrainian refugees. They know that yesterday from the
Speaker 1: White House, and obviously Poland is the country that has
Speaker 1: accepted the majority of those refugees over two million people.
Speaker 1: That's a significant step for the US to show solidarity
Speaker 1: with Poland in this on this front. But then also
Speaker 1: there's the security aspect. Poland shays a large land border
Speaker 1: with Ukraine and they are themselves very concerned about the
Speaker 1: risk of spillover of this conflict into their own territory.
Speaker 1: And as a native member here, there will be expectations
Speaker 1: from the Polish side that a Biden's presence here is
Speaker 1: also signaling a support for Poland's own security as well
Speaker 1: as support for Ukraine. There's been additional deployment of troops.
Speaker 1: There is that correct, Yes there has. Indeed, yes there's been,
Speaker 1: there has been a bolstering of NATO's entire eastern flank,
Speaker 1: and Poland is a key part of that. That it
Speaker 1: also however, applies to places like the Baltic as well,
Speaker 1: which are also considered have the same sort of security
Speaker 1: concerns as Poland. And not only that, as I say,
Speaker 1: this town jeof where I am right now, is also
Speaker 1: a place which is which is on that supply run
Speaker 1: into Ukraine. When it comes to humanitarian military aid, give
Speaker 1: us an idea of just how much in terms of
Speaker 1: supplies is moving through there and headed to Ukraine at
Speaker 1: this point. So I can give you an idea when
Speaker 1: it comes to humanitarian supplies because earlier this week I
Speaker 1: was actually at the u n h c R World
Speaker 1: Through Program depot that is just nearby this airfield, and
Speaker 1: there they said the reliar this week they'd already chipped
Speaker 1: out thirty five trucks in order of humanitarian supplies. But
Speaker 1: just the U n h c R that's been providing
Speaker 1: that from depot um this place, because it's a it's
Speaker 1: one of the airports essentially closest to Ukraine. It's essentially
Speaker 1: the stop off point um the final point before that
Speaker 1: the the equipment and the humanitarian aid is then shipped
Speaker 1: over on land into Ukraine. So this is sort of
Speaker 1: the last stop for things coming through by air before
Speaker 1: it then crosses over the border in trucks. Those are
Speaker 1: the supplies. As far as the flood of refugees is
Speaker 1: that continuing, Yes, it is continuing. However, it should be
Speaker 1: noted that there has been a drop off in the
Speaker 1: amount of refugees coming into Poland. That doesn't mean that
Speaker 1: the flows have stopped. But when I was first here
Speaker 1: several weeks ago now we were hearing of queues of
Speaker 1: up to sixty hours for people to cross the border.
Speaker 1: Those waiting times have now diminished significantly for those crossing
Speaker 1: the border, which is obviously incredibly important because the longer
Speaker 1: people weighed, especially in cold climates, that is also a
Speaker 1: risk to people's security and health. But also we're seeing
Speaker 1: that once they're there, there has been a better and
Speaker 1: more streamlined effort on the part of the Polish authorities
Speaker 1: to make sure that they're not stuck at the border,
Speaker 1: but then they can transit on with either to larger
Speaker 1: cities in Poland or on with other places in the EU.
Speaker 1: Bloomberg's Aggie can trail live with us from the Polish
Speaker 1: Ukraine border. Aggie, thanks very much for your work. We
Speaker 1: appreciate it again President Biden's visit to Poland. He's on
Speaker 1: his way his final stop in Europe this week, offering
Speaker 1: a chance to underscore US comma to protected a key
Speaker 1: NATO member as the war in Ukraine next door continues
Speaker 1: to rage. Yeah, right now, down futures twenty points higher,
Speaker 1: smp E many futures, they're up just three points, and
Speaker 1: that as their futures unchanged. As we look at treasuries
Speaker 1: this morning, the benchmark two year, the benchmark tenure right
Speaker 1: now two thirties X. That's pretty much unchanged the yield.
Speaker 1: You're listening to Bloomberg day Break. Daybreak brought to you
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Speaker 1: live from the Bloomberg Interacted Broker's studio in New York,
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Speaker 1: to Boston, Bloomberg one O six one to San Francisco,
Speaker 1: Bloomberg Knowing sixteen to the country Sirius XM chto one nine,
Speaker 1: and around the globe, the Bloomberg Business app and Bloomberg
Speaker 1: Radio dot com. This is Bloomberg Daybreak. He at six
Speaker 1: thirty on Wall Street. Good morning, I'm John Tucker. I'm
Speaker 1: Nathan Hagar. We're just about three hours away from the
Speaker 1: open of US training. Time for the five things you
Speaker 1: need to know to start your day. Brought to you
Speaker 1: by Interactive Broker. His Interactive Brokers charges margin loan rates
Speaker 1: from zero point seven five to one point five eight percent,
Speaker 1: rates subject to change. Learn more at ib k r
Speaker 1: dot com slash compare First. President Biden continues his trip
Speaker 1: in Europe. This morning, he has met with European Commissioned
Speaker 1: President Ursula vonder Lyne. He announced in agreement to boost
Speaker 1: the supply of liquefied natural gas to European countries. These
Speaker 1: steps will increase energy security, economic security, and national security.
Speaker 1: I'm gonna stand up joint task force tomplement these changes
Speaker 1: and drive progress that will be co chaired by representatives
Speaker 1: from the White House and the President of the European
Speaker 1: Unions Team. President Biden says the agreement aims to help
Speaker 1: Europe wean itself from Russian fuel in Moscow has been
Speaker 1: the main focus of the subbody in Europe. Yesterday, President
Speaker 1: Biden called for Russia to be removed from the G twenty.
Speaker 1: He also warned lad of Air Putin against using biological,
Speaker 1: chemical or nuclear weapons in Ukraine. Bloomberg's Maria Today, Oh
Speaker 1: has more from Brussels. The symbolic nature of the stramp
Speaker 1: is huge, and yesterday we did get the show of unity.
Speaker 1: The President of the United States, Summer I said very well.
Speaker 1: He said when Vladimer Putting invaded Ukraine, he was looking
Speaker 1: to create chaos and disarray in Europe. The reality is
Speaker 1: at this point we're more united than we've ever been,
Speaker 1: and that was echoed by the Secretary General of NATO
Speaker 1: who said, at this point where the strongest military alliance
Speaker 1: and the world, we stayed together, we stick together, we
Speaker 1: are going to be safe. Bloomberg's Maria Today or reports
Speaker 1: Ukrainian President Philadimir Zolinski is asking NATO for more weapons
Speaker 1: and tighter sanctions on Russia. Well, there's more concerned about
Speaker 1: China showing support for Russia as well. John Bloomberg News
Speaker 1: has learned EU officials suspect Beijing may supply semiconductors another
Speaker 1: tech hardware to Moscow. It would be part of an
Speaker 1: effort to soften the impact of sanctions. Now Russia and
Speaker 1: China both denied any requests sir aid were made or accepted.
Speaker 1: And another story we're following this morning, the mystery deepening
Speaker 1: over the crash of the Chinese Eastern Airlines Boeing seven seven.
Speaker 1: At least one piece of the plane appears so broken
Speaker 1: loose well before impact. It was found about six miles
Speaker 1: away from the main racket area, raising questions about the
Speaker 1: condition of the plane would have nos time from nearly
Speaker 1: thirty thousand feet. And that's the five things you need
Speaker 1: to know to start your day, brought to you by
Speaker 1: Interactive Brokers. Looking ahead to the market open john SMP
Speaker 1: futures are up four point, staff futures up thirty three,
Speaker 1: NaSTA features up fifteen points to ten. Your treasury is
Speaker 1: up three thirty seconds, the yield two point three six
Speaker 1: percent yield on the two year two point one five
Speaker 1: and nim X screwede is down one and a quarter percent,
Speaker 1: down a dollar forty at a hundred ten dollars cents
Speaker 1: of barrel local headlines in the check of sports. Next,
Speaker 1: this is Bloomberg and thanks Nathan six thirty three on
Speaker 1: Wall Street. Time to break in Milanchael barn and tell
Speaker 1: us what's going on to New York and around the world. John,
Speaker 1: thank you very much. Their New York City unions are
Speaker 1: blasting Mayor Eric Adams after he exempted athletes and performers,
Speaker 1: including Brooklyn Nets star Kyrie Irving, from the city's vaccine mandate.
Speaker 1: This after about fourteen hundred city workers were fired last
Speaker 1: month for failing to comply with the mandate. Harry Nespally,
Speaker 1: head of the Municipal Labor Committee, said the city should
Speaker 1: offer away for fired workers to get their jobs back.
Speaker 1: Don't shut the door on them, not when they had
Speaker 1: to come to work, when everybody was running out of
Speaker 1: the Hamptons and everybody's running up state New York and
Speaker 1: the only people here with city works. Harry nespile Had
Speaker 1: of the Municipal Labor Committee. However, Mayor Adams says it
Speaker 1: will help struggling performers as well as those vendors and
Speaker 1: smaller businesses that rely on the city's entertainment economy. We
Speaker 1: created an unfair disadvantage to New York based performance. I'm
Speaker 1: correcting that unfair disadvantage, and I'm doing it at the
Speaker 1: appropriate time when our numbers are low. Responding to many
Speaker 1: of Adams, the Police Officers Union, which has been fighting
Speaker 1: vaccine mandates, says, if the mandate isn't necessary for famous people,
Speaker 1: then it's not necessary for the cops who are protecting
Speaker 1: our city in the middle of a rasis. It is
Speaker 1: a new twist in the ongoing investigation into the January
Speaker 1: sixth rioting last year on Capitol Hill. The House Committee
Speaker 1: is now examining dozens of text messages sent to President
Speaker 1: Trump's chief of Staff, Mark Meadows from the wife of
Speaker 1: Supreme Court Justice Clarence Thomas. Virginia Thomas reportedly texted medals
Speaker 1: urging him to keep challenging the election results. North Korean
Speaker 1: leader Kim John Nunes says he's getting ready for a
Speaker 1: confrontation with the US. Yesterday, North Korea launched its largest
Speaker 1: intercontinental ballistic missile, drawing international condemnation. Retired General Robert Abrams,
Speaker 1: former commander of US forces in Korea, is calling for
Speaker 1: tough recensions on pyong Yang. The sanctions that North Korea
Speaker 1: is under today pale in comparison to what the international
Speaker 1: community has done in very short order to Russia. So
Speaker 1: we should look very hard at that. Retired General Abrams
Speaker 1: spoke to ABC. Connecticut Governor Need LaMotte signed a bipartisan
Speaker 1: bill to temporarily looked the state it's gas tax. Connecticut
Speaker 1: will suspend the states twenty five cents per gallon excise
Speaker 1: tax on gas starting April fers to ease rising costs.
Speaker 1: New Jersey's Kinnabis Board took its first formal action on
Speaker 1: recreational marijuana applications. They approved sixty eight conditional licenses to cultivate, manufacture,
Speaker 1: or run a testing lab. Global News twenty four hours
Speaker 1: a day on air, end on Bloomberg Quick Take, powered
Speaker 1: by more than twenty seven journalists analysts more than a
Speaker 1: hundred twenty countries. I'm Michael bar This is Bloomberg, John Michael,
Speaker 1: Thank you, cannasas six thirty six of Wall Streets. Time
Speaker 1: for the Bloomberg Sports Update, and here's John Stann Show.
Speaker 1: All right, John, the upsets continue and the n C
Speaker 1: Double A tournament and to one seeds went down. Arkansas
Speaker 1: had never beaten a one seed in the n C
Speaker 1: double as the razorback beat Gonzaga seventy six eight and
Speaker 1: then Arizona ousted by Houston sixty four to two. Seeds
Speaker 1: did win Bova sixty three fifty five of our Michigan
Speaker 1: and Duke moves On trailed at the half, but against
Speaker 1: Texas tech Naian's top defensive team, Duke sport forty nine
Speaker 1: points and they won seventy eight seventy three. Is Duke
Speaker 1: gonna go to the Final four and Mike Schofski's final
Speaker 1: season will find out tomorrow against Arkansas. Vilanova will play
Speaker 1: Houston and four more Sweet Sixteen games tonight, including Cinderella St.
Speaker 1: Peter's taking on Perdue in Philadelphia. The Peacocks has been
Speaker 1: letting the postseason by Doug Eater, and he says they
Speaker 1: have nothing to lose tonight. There's no pressure at all. Honestly,
Speaker 1: there's no pressure at all. Um I think that, uh,
Speaker 1: there's there's nothing to be shared though. There's nothing really
Speaker 1: that's different. Now. We've we've been playing basketball this whole season.
Speaker 1: We've been uh, we had our ups and downs, and
Speaker 1: we're just gonna look forward to keep executing the game
Speaker 1: plan and just keep you moved in doing you. Also
Speaker 1: in Philly, U c l A Plays North Carolina Battle
Speaker 1: of college basketball traditional powers. In Chicago, it's Kansas against
Speaker 1: Providence and two double digit seeds meet Miami plays Iowa State.
Speaker 1: Islanders beat Detroit five to two. Rock Nelson scored twice.
Speaker 1: Yankees lost to Detroit five three. Tiger's got all five
Speaker 1: of Joe Ellie Rodriguez in the sixth name met at
Speaker 1: three home Rons one by Francisco and Door nine three
Speaker 1: rout of Miami World Cup Soccer qualifying US in Mexico.
Speaker 1: As for this time, John stash Our Bloomberg Sports, John,
Speaker 1: all right, John, thanks a lot. It is now six
Speaker 1: thirty seven old Walls rating, and it's time to take
Speaker 1: a look at stocks and some of the names they're
Speaker 1: moving in today's pre market. For that, we're joined by
Speaker 1: Bloomberg Radio and TV Markets corresponded. Critty grouped to we
Speaker 1: lassoed you before you head out on vacation. You did,
Speaker 1: and I have to stay to do this report and
Speaker 1: then you can go, then I can run away. Irish
Speaker 1: Truman would have my head if he heard you. Cannabis stocks,
Speaker 1: I think is what's moving, what should get a lot
Speaker 1: of people's attention this morning. Did you know fun fact
Speaker 1: cannabis stocks used to be my first beat at Bloomberg
Speaker 1: when I first started back in the old, good old days.
Speaker 1: Video game stocks in cannabis back just pull the pots.
Speaker 1: What they are there? Pot stocks? Okay, pot stocks, it's
Speaker 1: just like the gaming industry. No, they're gambling stocks. Fine, fine,
Speaker 1: pod stocks surging anyway, after a House Panels said that
Speaker 1: it would consider a bill to decriminalize marijuana, you have
Speaker 1: the like to till Ray for example, t l R
Speaker 1: Y is your taker, up thirteen percent in the pre market.
Speaker 1: Sun Dial is another one. S n d L is
Speaker 1: your taker up eighteen per cent, So thriving once again.
Speaker 1: Policy in Washington actually driving those stucks. You don't see
Speaker 1: that often. And those Chinese stocks that the trader oversees,
Speaker 1: what about those? Yeah, well this is interesting and I
Speaker 1: love talking about Chinese stock because you've seen them lost
Speaker 1: I think seventy percent of their value in the last year,
Speaker 1: and recently they had this bounce back because you had
Speaker 1: commentary coming out of the out of China and the
Speaker 1: financial authority. They're saying that that dialogue when it comes
Speaker 1: to delisting and relisting shares between the U S and China,
Speaker 1: a legacy of the trade war. Of course. Well, that's
Speaker 1: actually going in the right direction. Then the US came
Speaker 1: out yesterday and said, well, don't get too excited. There's
Speaker 1: a lot of speculation about the positivity there. Um and
Speaker 1: and it seems like that cold water is continuing to
Speaker 1: pressure those A d r s this morning. So you
Speaker 1: have the likes Ali Baba for example, be a b
Speaker 1: as your taker down four percent, j D as well,
Speaker 1: which is also the name of the company, and the
Speaker 1: ticker down five percent. It's also just following, um, some
Speaker 1: losses you are seeing over in Asia as well. I
Speaker 1: get the bed, I get the Bath. What's in the
Speaker 1: beyond section of these stories, Well, I have no idea,
Speaker 1: but when I find out, I will let you know.
Speaker 1: Maybe Ryan Cohen lives there, I'm not really sure. Um,
Speaker 1: he is the activist investor who is nearing a settlement
Speaker 1: at bed Bath and beyond looking that would end up
Speaker 1: seeing three new directors appointed to the retailer's board, according
Speaker 1: to people familiar with the matter, That of course is
Speaker 1: Bloomberg reporting b b B. Why is your taker? Those
Speaker 1: shares are up just shy of two. All right, thanks Critty,
Speaker 1: and uh, can you say where you're gonna go? I
Speaker 1: am going to the Caribbean, very excited, nic never coming back.
Speaker 1: Don't say that we only set you up remotely. Bloomberg
Speaker 1: Radio and TV Markets corresponded Critty Gupta, thanks very much.
Speaker 1: A look at the broader market right now, not a
Speaker 1: lot of action. SMP five hundred up just three points
Speaker 1: right now. Dal futures they're up twenty five and the
Speaker 1: nasty Emni futures right now are four points higher. You're
Speaker 1: listening the Bloomberg Daybreak. Daybreak being brought to you by
Speaker 1: the Jewish Community Front j c f's donor advised font
Speaker 1: is the smart choice to manage your philanthropy, especially in
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Speaker 1: c F, n Y dot org, markets headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot com,
Speaker 1: the Bloomberg Business apt and at Bloomberg Quicktape. He's a
Speaker 1: Bloomberg Business lash Nathan Hagar. Stocks are struggling for traction
Speaker 1: this morning as investors evaluate the economic risks from FED
Speaker 1: tightening and war in Ukraine. Who checked the markets every
Speaker 1: fifteen minutes during the trading day on Bloomberg. Right now,
Speaker 1: S and P futures are up, but by four points.
Speaker 1: Staff futures up twenty five, Nastic futures up ten. The
Speaker 1: decks in Germany a four tenths percent. The cat in
Speaker 1: Paris is higher by three tenths and one percent ten.
Speaker 1: Your treasury is up one thirty second Now the yield
Speaker 1: two point three six percent yield on the two year
Speaker 1: two point one five Nimex crew down one point six percent,
Speaker 1: down a dollar seventy eight at a hundred ten dollars
Speaker 1: fifty six cents. A barrel. Comx Gold has down six
Speaker 1: tenths per cent, or eleven dollars forty cents at nineteen
Speaker 1: fifty six thirty. Announced the euro one point one zero
Speaker 1: one zero against the dollar, British pound one point three
Speaker 1: one seven nine. The end is at one one point
Speaker 1: seven zero. Bitcoins up six tenths per cent, trading around
Speaker 1: forty four thousand, one hundred dollars, and that is a
Speaker 1: Bloomberg business flash. Here's Michael Barr with war on what's
Speaker 1: going on around the world. Good morning, Michael, Good morning, Nathan.
Speaker 1: President Biden announced the United States and European Union to
Speaker 1: have a new partnership to reduce the continence reliance on
Speaker 1: the Russian energy, the start of a year's long initiative
Speaker 1: to further isolate Moscow after its invasion of Ukraine. The President,
Speaker 1: speaking before heading to Poland, says as part of the plan,
Speaker 1: the US and other nations will increase liquefied natural gas
Speaker 1: exports to Europe. Jersey City St. Peter's Peacocks look to
Speaker 1: keep their surprise run in the NC Double A tournament
Speaker 1: going when they play for Due tonight. The Peacocks are
Speaker 1: the third fifteenth seed to make the Sweet sixteen and
Speaker 1: are trying to become the first ever to get to
Speaker 1: the Elite eight in the NHL. The Islanders won global
Speaker 1: news twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists
Speaker 1: and analysts more than a hundred twenty countries. Michael Barr
Speaker 1: and this is Bloomberg, John, Michael, thank you, six forty
Speaker 1: nine on Wall Street. We are line for the Bloomberg
Speaker 1: Interactive Broker's studios. This is Bloomberg Daybreak. President Biden will
Speaker 1: be visiting Poland Dance his final stop in Europe this weekend,
Speaker 1: following the President in Warsaw. This morning, we are joined
Speaker 1: by Bloomberg's and Marie Horde. During the president's trip meeting
Speaker 1: with the Wonderland earlier with the European Commission and also
Speaker 1: NATO ministers. What's the view right now kind of a
Speaker 1: subjective question. Is it being viewed as a successful trip
Speaker 1: at this point, Amory. You know, it's hard to say
Speaker 1: in the sense that the trips not over right, we're
Speaker 1: halfway through. But at the moment, the President did what
Speaker 1: he had to do with NATO in terms of showing
Speaker 1: a lot of unity between his allies and partners. I
Speaker 1: mean it was back to back to back meeting. Yesterday
Speaker 1: there was a NATO meeting, a G seven meeting, and
Speaker 1: the President adjusted the addressed the European Commission, and then
Speaker 1: this morning what we heard from the President out of
Speaker 1: Brussels before he heads over to Poland is a new
Speaker 1: deal or a task force to work on a new
Speaker 1: deal to try to help Europe lean themselves off of
Speaker 1: fossil fuelds from Russia. Now we should put some contact
Speaker 1: into this. This is definitely a step in the right
Speaker 1: direction in terms of Europe's energy security and what Europe
Speaker 1: is trying to do. But it's a small step when
Speaker 1: you look at what do you s could do. Is
Speaker 1: they're trying to give the europe fixt dcns of liquefied
Speaker 1: natural gas. When you take all of the natural gas
Speaker 1: that Europe imports from Russia, it's just under nine percent
Speaker 1: of that. So they have a lot of work to
Speaker 1: do in terms of trying to loosen that grip that
Speaker 1: the Clemlin has on Europe. But the President said that
Speaker 1: this shows more alliance and it's a win win because
Speaker 1: it brings Europe and the United States closer together. This
Speaker 1: is something that President Putin certainly does not want to see.
Speaker 1: This isn't going to happen in the short term, as
Speaker 1: it is a more long term agreement. Yes, this would
Speaker 1: take This would take a bit of time for sure,
Speaker 1: but we should know that there is LMG that goes
Speaker 1: from the United States to Europe Already. We did see
Speaker 1: Germany go over to Doha and trying to find l
Speaker 1: m G contracts. The issue with liquified natural gas is
Speaker 1: these are long term contracts. Most of the buyers are
Speaker 1: in Asia and they have the infrastructure set up to
Speaker 1: import all this liquified natural gas. Europe is really heavily
Speaker 1: reliant on typelines like nor Extream one, LRDI Stream two.
Speaker 1: The very divers A one would have also helped bring
Speaker 1: in natural gas that that has been pretty much bench
Speaker 1: and likely dead anytime in the close to near term future.
Speaker 1: So this is going to take time. Germany itself doesn't
Speaker 1: even have ellen G terminals. Potentially they can do some
Speaker 1: offshore flirting floating terminals to work with other partners in Europe.
Speaker 1: But you can see how this is a complete one
Speaker 1: eighty and how Europe thinks about heating their homes and
Speaker 1: putting the lights on. Add up the sanctions so far
Speaker 1: against Russia and Vladimir Putin and to the extent that
Speaker 1: they're hurting at this point, well, I would say the
Speaker 1: biggest has been the one pretty much early on in
Speaker 1: the beginning, and that would be coming off Russians access
Speaker 1: the central banks, asked access to their reserves. President Putin
Speaker 1: after the annexation of Crimea, and he was pretty much
Speaker 1: a vetoed from the West started to build up these
Speaker 1: reserves for a moment like this, and he doesn't have
Speaker 1: access to a large spot of those reserves. Yes, sure.
Speaker 1: They also John, in the G seven statement they talked
Speaker 1: about potentually how to cut off now no details yet,
Speaker 1: but a signal maybe what's to come, how to cut
Speaker 1: off Russia from selling gold. Russia has the fifth largest
Speaker 1: a storage of gold, something else they started to build
Speaker 1: up in the mid two thousand's. This is something that
Speaker 1: is incredibly frustrating for President Utin. The one area though
Speaker 1: John that has basically been unscathed is the natural gas
Speaker 1: and oil exports. Now oil we have seen many individual
Speaker 1: self sanctions. If you have to go send a tanker
Speaker 1: to go pick up Russian oil. People consider that in
Speaker 1: the market toxic assets, there are two worried a moral standpoints,
Speaker 1: legal standpoint, potention as we get sanctioned in rout and
Speaker 1: also it just costs too much a tanker, insurance, more
Speaker 1: insurance to go pick up this asset is just too
Speaker 1: great to want to get involved. But natural gas that
Speaker 1: still brings in millions of dollars a week, if not
Speaker 1: a day. The President Putian, but this is something Europe
Speaker 1: is just not ready to do. His final stop during
Speaker 1: this European trip, So he'll be coming to Poland, and
Speaker 1: first she's going to go to a town very close
Speaker 1: to the Polish border, and Poland has become really the
Speaker 1: epic center of the humanitarian crisis. Our colleague asy Cantro
Speaker 1: will be with the President near that border. I'm in
Speaker 1: Warsaw with the President tomorrow have a bilateral with the
Speaker 1: Polish counterpart, President Data and John. If I could achieve
Speaker 1: a little bit of color of what I've seen on
Speaker 1: the ground, I've only been in Poland a few hours.
Speaker 1: We've seen through in the middle of the night, just
Speaker 1: walking from my hotel about ten blocks. I've seen play
Speaker 1: paced with Ukrainian flag. I've seen Polish individuals on street
Speaker 1: corners selling Ukrainian flags. I've seen Polish institutions and looking
Speaker 1: at a museum right now is gorgeous museum that the
Speaker 1: Science Museum, and they put Ukrainian flags around it. You
Speaker 1: do get a sense that there is a lot of
Speaker 1: solidarity right now in this capital city for invasion. And Marie,
Speaker 1: thanks very much appreciated. Bloomberg's a Marie in Warsaw traveling
Speaker 1: with the President again. President Biden visiting Poland. There's his
Speaker 1: final stop in Europe this week, offering a chance to
Speaker 1: underscore the US commitment protect a key NATO member on
Speaker 1: Ukraine's doorstep a Marie, Thanks again, Nathan, looking forward to
Speaker 1: that global team. Coverage continuing as President Biden continues his
Speaker 1: tour through Europe. Thank you, John. It's a six fifty
Speaker 1: four on Wall Street. Now let's turn to news in
Speaker 1: science and technology. The Bloomberg n j I T STEM
Speaker 1: Report is brought to you by New Jersey Institute of Technology,
Speaker 1: ranked in the top two percent nationally for alumni mid
Speaker 1: career earnings and number one in the nation for student
Speaker 1: upper economic mobility. More at n j I T dot edu.
Speaker 1: Now Here's what's making news in science, Technology, engineering and math.
Speaker 1: Shanghai's COVID cases jumped more than sixty in a single day,
Speaker 1: hitting a record of more than sixteen hundred today. The
Speaker 1: surge comes even as authorities widened restrictions that have limited
Speaker 1: access to food and medical care. Scores of buildings and
Speaker 1: department blocks remain locked down in the Chinese financial hub
Speaker 1: mid the growing outbreak. It's part of a wave that
Speaker 1: has challenged China's zero tolerance approach as the rest of
Speaker 1: the world abolishes pandemic restrictions. Bloomberg News has learned Apple
Speaker 1: is working on a subscription service for the iPhone and
Speaker 1: other hardware products. It's a move that could make owning
Speaker 1: devices similar to paying a monthly app feed. Using hardware
Speaker 1: subscriptions would be a major strategy shift for a company
Speaker 1: that is generally sold devices at full price outright. And
Speaker 1: Amazon will face a tougher push to unionize its warehouses
Speaker 1: in the US. The a f l c I O
Speaker 1: is helping the Teamsters union in its attempt. It would
Speaker 1: be a rare level of cooperation for two groups that
Speaker 1: have been estranged for nearly two decades. Meanwhile, workers at
Speaker 1: an Amazon facility in Staten Island, New York, are going
Speaker 1: to vote today on whether to unionize. That is the
Speaker 1: Bloomberg and j I t stim Report, and that brings
Speaker 1: us to sixty six on Wall Street. March is Women's
Speaker 1: History Month, and every day this month we're celebrating significant
Speaker 1: moments in women's history. Now with your installment for March,
Speaker 1: here's on this day in women's history in nineteen sixty seven.
Speaker 1: Record breaking figure skater Debbie Thomas is born in Poughkeepsie,
Speaker 1: New York. She grew up in San Jose, California, where
Speaker 1: she started her ice skating career at five years old.
Speaker 1: While she was young, her mom drove her over a
Speaker 1: hundred miles a day between home, school and the ice rink.
Speaker 1: In three Thomas joined the Los Angeles Figure Skating Club,
Speaker 1: and three years later she won both the U S
Speaker 1: National title and World Championships, becoming the first female African
Speaker 1: American figure skater to do so. During many of her
Speaker 1: career wins, Thomas was a full time college student at
Speaker 1: Stanford University on a premit track. In Thomas made Olympic history,
Speaker 1: becoming the first black athlete to ever win. Him that
Speaker 1: will let the Winter Games, earning a bronze medal in
Speaker 1: figure skating. That's today in women's history. I'm we need
Speaker 1: a young Bloomberg radio. All right, we need to thank you.
Speaker 1: Future is starting to gain a little bit of traction
Speaker 1: ahead of the Friday morning open. Right now, SMP futures
Speaker 1: are up nine point STAFF futures up sixty five. Nasdaq
Speaker 1: futures are higher by thirty one points ten. Your treasury
Speaker 1: now little changed. The yield at two point three seven
Speaker 1: percent yield on the two year two point one six
Speaker 1: nme X CREWD is lower down one and a half percent,
Speaker 1: or a dollar sixty nine add ten dollars sixty five
Speaker 1: cents of barrel comics. Gold is down six tenths per cent,
Speaker 1: or eleven dollars twenty cents at nineteen fifty six fifty
Speaker 1: announced the euro one point one zero one three against
Speaker 1: the dollar. Bloomberg surveillance is straight ahead for John Tucker.
Speaker 1: I'm Nathan Hagar. Have a great Friday. This is Bloomberg