1 00:00:02,880 --> 00:00:06,439 Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg 2 00:00:06,519 --> 00:00:10,520 Speaker 1: day Break for Tuesday, March two. Coming up this hour, 3 00:00:10,800 --> 00:00:14,000 Speaker 1: Ukraine offers peace talks to Moscow as it holds Russian 4 00:00:14,000 --> 00:00:17,840 Speaker 1: troops at Bay. President Biden issues the warning on Vladimir Plutin, 5 00:00:17,960 --> 00:00:21,680 Speaker 1: saying the leaders becoming increasingly desperate, and questions remaining on 6 00:00:21,760 --> 00:00:24,760 Speaker 1: the answered on that deadly plane crash in China. New 7 00:00:24,840 --> 00:00:27,520 Speaker 1: York's top health official says she doesn't expect to see 8 00:00:27,520 --> 00:00:30,720 Speaker 1: a steep surge in COVID nineteen cases. Plus Supreme Court 9 00:00:30,800 --> 00:00:35,280 Speaker 1: nominee Jackson faces senator's questions today. I'm Michael Barer, More Ahead, 10 00:00:35,479 --> 00:00:38,000 Speaker 1: I'm John Stashdower in Sports Capita Rant and the NAT's 11 00:00:38,040 --> 00:00:40,920 Speaker 1: beat the Jazz in Brooklyn, and another big name quarterback 12 00:00:41,120 --> 00:00:46,280 Speaker 1: is on the move. That's all straight ahead on Bloomberg 13 00:00:46,320 --> 00:00:51,480 Speaker 1: day Break on Bloomberg eleven Trio, New York, Bloomberg one, Washington, 14 00:00:51,560 --> 00:00:55,680 Speaker 1: d C, Bloomberg one, O six one, Boston, Bloomberg nine sixties, 15 00:00:55,720 --> 00:00:59,680 Speaker 1: San Francisco, Sirius x M one nineteen and around the 16 00:00:59,680 --> 00:01:03,440 Speaker 1: world on Bloomberg Radio dot Com and via The Bloomberg Business. 17 00:01:03,520 --> 00:01:10,319 Speaker 1: That good morning, I'm John Tucker. I'm Nathan Hagar. Futures 18 00:01:10,360 --> 00:01:12,640 Speaker 1: are moving higher on this Tuesday morning. We're coming up 19 00:01:12,640 --> 00:01:14,399 Speaker 1: to five oh one on Wall Street, and we checked 20 00:01:14,440 --> 00:01:17,200 Speaker 1: the markets every fifteen minutes during the trading day on Bloomberg. 21 00:01:17,520 --> 00:01:22,240 Speaker 1: Right now, SMP futures are up by seventeen point staff 22 00:01:22,240 --> 00:01:24,919 Speaker 1: features of a hundred forty five, NASTAC features up sixty 23 00:01:24,959 --> 00:01:26,959 Speaker 1: five points. The decks in Germany have eight tenths of 24 00:01:27,000 --> 00:01:30,440 Speaker 1: one percent. The tenure treasury is down fourteen thirty seconds. 25 00:01:30,440 --> 00:01:32,560 Speaker 1: The yield two point three four percent yield on the 26 00:01:32,560 --> 00:01:35,920 Speaker 1: two year two point one seven. Nimex crude is down 27 00:01:35,920 --> 00:01:37,760 Speaker 1: seven tenths per cent, or eighty two cents at a 28 00:01:37,800 --> 00:01:40,840 Speaker 1: hundred eleven dollars thirty cents. A barrel comes called down 29 00:01:40,840 --> 00:01:43,000 Speaker 1: a third of one percent, down six dollars thirty cents 30 00:01:43,000 --> 00:01:46,160 Speaker 1: at nine fifty an ounce. The euro is at one 31 00:01:46,200 --> 00:01:48,280 Speaker 1: point one zero zero five against the dollar. The end 32 00:01:48,360 --> 00:01:51,120 Speaker 1: is at one twenty four eight. John Nathan will have 33 00:01:51,200 --> 00:01:53,360 Speaker 1: more on the markets in a minute, but first, new 34 00:01:53,400 --> 00:01:57,000 Speaker 1: developments involving the war. Ukraine's president says he's ready to 35 00:01:57,040 --> 00:01:59,920 Speaker 1: discuss a deal with Russia in makes change for US 36 00:02:00,040 --> 00:02:04,520 Speaker 1: cease fire. Amy Morris has details from our Bloomberg room 37 00:02:04,680 --> 00:02:08,639 Speaker 1: in Washington. Ukrainian President voladimir's Lensky said late last night 38 00:02:08,680 --> 00:02:11,880 Speaker 1: he is prepared to discuss a commitment from Ukraine not 39 00:02:11,960 --> 00:02:15,280 Speaker 1: to seek NATO membership in exchange for a cease fire, 40 00:02:15,600 --> 00:02:19,359 Speaker 1: the withdrawal of Russian troops, and to guarantee of Ukraine's security. 41 00:02:19,400 --> 00:02:22,520 Speaker 1: He called it a compromise for everyone. He also repeated 42 00:02:22,520 --> 00:02:25,720 Speaker 1: his skull for direct talks with Russian President Vladimir Putin, 43 00:02:25,960 --> 00:02:29,000 Speaker 1: saying that unless he meets with him personally, it's impossible 44 00:02:29,040 --> 00:02:31,440 Speaker 1: to know if Russia even wants to stop the war. 45 00:02:31,919 --> 00:02:34,880 Speaker 1: In Washington, I maybe Morris Bloomberg daybreak, All right, Amy, 46 00:02:34,919 --> 00:02:38,440 Speaker 1: thank you. President Zelensky says Ukrainian forces are still holding 47 00:02:38,480 --> 00:02:42,200 Speaker 1: Russian troops at bayon several funds. Retired US Navy Commander 48 00:02:42,240 --> 00:02:45,600 Speaker 1: Ward Carol says Ukraine has remained resilient. I can tell 49 00:02:45,639 --> 00:02:48,359 Speaker 1: you from the legend of the Ghost of Kiev to 50 00:02:49,480 --> 00:02:53,399 Speaker 1: the other things that they've done against overwhelming odds. Their 51 00:02:53,440 --> 00:02:56,600 Speaker 1: air force has shown itself to be very capable. Retired 52 00:02:56,680 --> 00:02:59,720 Speaker 1: Navy Commander Award Carol spoke with our Washington correspondent Joe 53 00:02:59,760 --> 00:03:02,720 Speaker 1: matth You on Bloomberg Sound on. Catch the program weekdays 54 00:03:02,720 --> 00:03:05,800 Speaker 1: at five pm Eastern on Bloomberg Radio. Meantime, the White 55 00:03:05,800 --> 00:03:09,400 Speaker 1: House says Russian President Vladimir Putin's back is against the wall, 56 00:03:09,880 --> 00:03:13,400 Speaker 1: and President Biden tells business leaders that makes him even 57 00:03:13,440 --> 00:03:17,440 Speaker 1: more dangerous. He's suggesting Putin may soon use chemical weapons. 58 00:03:17,800 --> 00:03:21,120 Speaker 1: More in this report from Bloomberg's Ad Baxter, Biden, in 59 00:03:21,120 --> 00:03:24,359 Speaker 1: front of the Business Roundtable CEO quarterly meeting, said Putin 60 00:03:24,440 --> 00:03:28,320 Speaker 1: is already sending up false flags about chemical weapons, saying 61 00:03:28,600 --> 00:03:32,040 Speaker 1: the US has used them as well. They're also suggesting 62 00:03:32,080 --> 00:03:37,560 Speaker 1: that Ukraine has biological and chemical weapons in Ukraine. That's 63 00:03:37,560 --> 00:03:40,800 Speaker 1: a clear sign he's considering using both of those. He's 64 00:03:40,840 --> 00:03:43,880 Speaker 1: already used chemical weapons in the past, and we should 65 00:03:43,880 --> 00:03:46,920 Speaker 1: be careful. What about it's about to come. Biden says 66 00:03:46,960 --> 00:03:49,800 Speaker 1: the US does not use chemical weapons, and the President 67 00:03:49,840 --> 00:03:53,520 Speaker 1: also warned up a potential of increased cyber attacks in 68 00:03:53,600 --> 00:03:56,160 Speaker 1: San Francisco. I'm at Baxter Bloomberg Day Break. All right, 69 00:03:56,200 --> 00:03:58,880 Speaker 1: and thank you. Another major story where following brings us 70 00:03:58,920 --> 00:04:02,160 Speaker 1: to yesterday's crash of a Boeing plane in China. All 71 00:04:02,240 --> 00:04:05,440 Speaker 1: one thirty two people on border believed dead. The cause 72 00:04:05,480 --> 00:04:08,800 Speaker 1: of the crash is still unknown. Experts remained baffled by 73 00:04:08,800 --> 00:04:12,720 Speaker 1: the planes nose dive from twenty nine thousand feet. Bloomberg 74 00:04:12,800 --> 00:04:15,640 Speaker 1: Stephen Angel has the latest from Hong Kong. She didn't thing. 75 00:04:15,680 --> 00:04:17,760 Speaker 1: The President of China said he's calling for an all 76 00:04:17,760 --> 00:04:20,919 Speaker 1: out investigation. They have found part of the wreckage. We 77 00:04:21,080 --> 00:04:24,799 Speaker 1: just don't know how this accident happened on a flight 78 00:04:24,920 --> 00:04:28,240 Speaker 1: from Kunming to guang Joe that was already just about 79 00:04:28,279 --> 00:04:31,559 Speaker 1: to descend to Guangzhoe. It's very different from the Max 80 00:04:31,600 --> 00:04:35,200 Speaker 1: accidents in Indonesia and in Ethiopia. Bloomberg Stephen Angle says 81 00:04:35,240 --> 00:04:39,040 Speaker 1: the China Eastern Airlines crashes China's worst commercial aviation accident 82 00:04:39,120 --> 00:04:41,880 Speaker 1: in more than a decade. Turning to the markets, now, 83 00:04:41,880 --> 00:04:45,000 Speaker 1: a sell office in bonds is deepening and defends heare 84 00:04:45,080 --> 00:04:48,440 Speaker 1: j Pale struck a more hawkish tone on his campaign 85 00:04:48,480 --> 00:04:51,720 Speaker 1: against high inflation. You know, the expectation going into this 86 00:04:51,800 --> 00:04:54,680 Speaker 1: year was that we would see basically see inflation peaking 87 00:04:54,720 --> 00:04:57,120 Speaker 1: in the first quarter, then maybe leveling out, and then 88 00:04:57,160 --> 00:04:59,520 Speaker 1: see a lot of progress in the second half. That 89 00:04:59,640 --> 00:05:02,080 Speaker 1: story has already fallen, apart to the extend it continues 90 00:05:02,120 --> 00:05:05,960 Speaker 1: to fall apart. My colleagues and I may well reach 91 00:05:06,040 --> 00:05:08,599 Speaker 1: the conclusion that will need to move more quickly, and 92 00:05:08,600 --> 00:05:11,320 Speaker 1: if so, we'll do so. Cheer palsas the FED is 93 00:05:11,320 --> 00:05:14,440 Speaker 1: prepared to raise interest rates by half a point at 94 00:05:14,440 --> 00:05:17,800 Speaker 1: the next policy meeting if needed. Tracy McMillan has had 95 00:05:17,800 --> 00:05:21,960 Speaker 1: a global asset allocations strategy at Wells Fargo, preparing the 96 00:05:22,000 --> 00:05:26,599 Speaker 1: markets for a really tough inflation fight, and so that 97 00:05:26,720 --> 00:05:29,800 Speaker 1: means we're going to see higher yields, and we are 98 00:05:29,880 --> 00:05:32,200 Speaker 1: seeing those higher yields in the front end of the 99 00:05:32,279 --> 00:05:37,479 Speaker 1: curve where the FED really has more of an impact. 100 00:05:37,760 --> 00:05:41,559 Speaker 1: Wells Fargo's Tracy McMillan says she prefers equities over fixed 101 00:05:41,560 --> 00:05:43,760 Speaker 1: the income at the moment. Well we'll have much more 102 00:05:43,760 --> 00:05:46,680 Speaker 1: in the future of interest rates and the fight against inflation. 103 00:05:46,760 --> 00:05:49,480 Speaker 1: Later this morning, General will speak live with St. Louis 104 00:05:49,480 --> 00:05:53,159 Speaker 1: FED President Jim Bullard. Stay tuned for that conversation coming 105 00:05:53,240 --> 00:05:55,359 Speaker 1: up at a thirty a m. Wall Street time on 106 00:05:55,400 --> 00:05:58,320 Speaker 1: Bloomberg Radio and television. And overnight we saw the bond 107 00:05:58,360 --> 00:06:01,239 Speaker 1: sell off spread to Asias. Acts of the region gained 108 00:06:01,279 --> 00:06:03,919 Speaker 1: as the bonds fell. Let's get the recap from Bloomberg's 109 00:06:03,960 --> 00:06:07,360 Speaker 1: Juliet Sally and Singapore, Good morning, Julia, good morning John 110 00:06:07,360 --> 00:06:10,320 Speaker 1: and Nathan Australia, and yields here higher since twenty eighteen. 111 00:06:10,360 --> 00:06:12,560 Speaker 1: On the tenure note, while the Keywi equivalent was at 112 00:06:12,600 --> 00:06:15,440 Speaker 1: a five year high. The yield differential between the US 113 00:06:15,480 --> 00:06:17,599 Speaker 1: and Japan pushed the yen to a six year low, 114 00:06:17,839 --> 00:06:21,159 Speaker 1: boosting Japanese equities, which returned from a long weekend. The 115 00:06:21,240 --> 00:06:23,200 Speaker 1: Negate two to five rows one and a half percent 116 00:06:23,240 --> 00:06:26,360 Speaker 1: in Tokyo to post its sixth consecutive session of games, 117 00:06:26,560 --> 00:06:29,720 Speaker 1: the longest streak since September, and Ali Baba shares gain 118 00:06:29,800 --> 00:06:32,279 Speaker 1: nearly ten percent in Hong Kong as the tech giant 119 00:06:32,320 --> 00:06:35,520 Speaker 1: increased its shared buy back program to twenty five billion 120 00:06:35,680 --> 00:06:40,080 Speaker 1: from fifteen billion dollars in Singapore. Juliet Sally Bloomberg daybreak, 121 00:06:40,160 --> 00:06:42,200 Speaker 1: all right, Juliette, thank you. And on the earnings front 122 00:06:42,279 --> 00:06:45,760 Speaker 1: this morning, shares of Nike are up nearly six percent. 123 00:06:45,839 --> 00:06:50,040 Speaker 1: In early training companies quarterly results top estimates. Revenue outpaced 124 00:06:50,120 --> 00:06:54,320 Speaker 1: expectations in all regions, including Greater China, where sales fell 125 00:06:54,400 --> 00:06:57,400 Speaker 1: less than predicted. Right now, s and P futures are 126 00:06:57,520 --> 00:07:00,320 Speaker 1: up seventeen point. Staff futures up a hundred fifth one. 127 00:07:00,720 --> 00:07:03,640 Speaker 1: Nastic futures are hired by sixty four points. The tenure 128 00:07:03,680 --> 00:07:07,039 Speaker 1: treasury is down fifteen thirty seconds. The yield two point 129 00:07:07,120 --> 00:07:11,240 Speaker 1: three nimex crewed down seven tenth percent or eighty two 130 00:07:11,280 --> 00:07:14,480 Speaker 1: cents at a hundred eleven dollars thirty cents of barrel. 131 00:07:14,760 --> 00:07:18,040 Speaker 1: Straight ahead, your latest local headlines and a check of sports. 132 00:07:18,080 --> 00:07:24,880 Speaker 1: This is Bloomberg alright, Thanks Nathan, five oh seven Old 133 00:07:24,920 --> 00:07:26,960 Speaker 1: Wall Street Camps and to bring in Michael Barr with 134 00:07:27,000 --> 00:07:28,880 Speaker 1: more on what else is going on in New York 135 00:07:28,960 --> 00:07:31,680 Speaker 1: and around the world. John, thank you very much. We 136 00:07:31,760 --> 00:07:35,120 Speaker 1: have breaking news. Russian opposition leader in jailed Kremlin critic 137 00:07:35,360 --> 00:07:40,360 Speaker 1: Alexia Novaldi was found guilty of fraud today Moscow court 138 00:07:40,360 --> 00:07:43,120 Speaker 1: convicted of all knew over allegations he stole from his 139 00:07:43,160 --> 00:07:47,880 Speaker 1: anti corruption foundation. Prosecutors win a thirteen year prison sentence. 140 00:07:48,440 --> 00:07:52,560 Speaker 1: New York's top health official is talking about the latest 141 00:07:52,680 --> 00:07:56,240 Speaker 1: new omicron sub variant. It is growing more prevalent in 142 00:07:56,280 --> 00:08:01,080 Speaker 1: the state. State Health Commissioner Mary Bassett. We don't expect 143 00:08:01,120 --> 00:08:03,760 Speaker 1: to see a steep surge in cases in New York 144 00:08:03,880 --> 00:08:08,680 Speaker 1: State UH at the moment. B A two comprises about 145 00:08:08,800 --> 00:08:11,800 Speaker 1: forty two of all the cases here in the state. 146 00:08:12,080 --> 00:08:15,760 Speaker 1: Governor Kathy Hokel also spoke with Health Commissioner Massett. We 147 00:08:15,840 --> 00:08:18,000 Speaker 1: have not focused as a nation as much on the 148 00:08:18,080 --> 00:08:22,160 Speaker 1: treatment capabilities. You should at first sign of symptoms let 149 00:08:22,200 --> 00:08:25,200 Speaker 1: your doctor know so you can start getting the treatments 150 00:08:25,200 --> 00:08:29,080 Speaker 1: that can stop the circumstances from getting worse. Governor HOCl 151 00:08:29,160 --> 00:08:33,000 Speaker 1: says New York averaged around twenty one new COVID nineteen 152 00:08:33,040 --> 00:08:36,800 Speaker 1: cases per day last week. That is up from the 153 00:08:36,840 --> 00:08:40,480 Speaker 1: previous week. Donald Trump's lawyers say a New York judge 154 00:08:40,520 --> 00:08:44,040 Speaker 1: abused his discretion with a decision last month requiring the 155 00:08:44,040 --> 00:08:47,480 Speaker 1: former president to answer questions under oath and a civil 156 00:08:47,520 --> 00:08:52,000 Speaker 1: investigation into his business practices and papers filed in a 157 00:08:52,160 --> 00:08:56,080 Speaker 1: state appeals court. Trump's lawyers said the judge failed properly 158 00:08:56,120 --> 00:09:00,840 Speaker 1: weigh constitutional and ethical concerns that they'd raise about New 159 00:09:00,920 --> 00:09:06,160 Speaker 1: York Attorney General Latisia James's investigation. Judge Coltanji Brown Jackson 160 00:09:06,160 --> 00:09:09,640 Speaker 1: faces questioning in her second day of Supreme Court confirmation 161 00:09:09,720 --> 00:09:13,480 Speaker 1: hearings today. Jackson gave her opening remarks yesterday before the 162 00:09:13,480 --> 00:09:17,040 Speaker 1: Senate Judiciary Committee. I have been a judge for nearly 163 00:09:17,080 --> 00:09:20,640 Speaker 1: a decade now, and I take that responsibility and my 164 00:09:20,800 --> 00:09:25,439 Speaker 1: duty to be independent very seriously. Democrats likely have the 165 00:09:25,520 --> 00:09:29,240 Speaker 1: votes needed to confirm Judge Jackson on their own Global 166 00:09:29,240 --> 00:09:31,640 Speaker 1: news twenty four hours a day on air and on 167 00:09:31,720 --> 00:09:35,640 Speaker 1: Bloomberg Quick Take power by more than journalists and analysts 168 00:09:35,720 --> 00:09:38,080 Speaker 1: more than a hundred twenty countries. Him Michael Barrn, this 169 00:09:38,120 --> 00:09:40,560 Speaker 1: is Bloomberg. John all right, Michael, thank you very much. 170 00:09:44,280 --> 00:09:46,199 Speaker 1: And it's kind of got a pot semma of ball 171 00:09:46,240 --> 00:09:49,360 Speaker 1: Street Timetown with the Boomberg Sports Upday. Good morning, johns ssh, 172 00:09:49,400 --> 00:09:52,880 Speaker 1: A morning John Peck. Are you even with Tom Brady's unretirement, 173 00:09:52,920 --> 00:09:55,440 Speaker 1: Aaron Rodgers remaining in Green Bay. It's been studying how 174 00:09:55,440 --> 00:09:58,520 Speaker 1: many big name quarterbacks have been traded. Russell Wilson to Denver, 175 00:09:59,040 --> 00:10:02,400 Speaker 1: Shawn Watson that Cleveland, now, Matt Ryan to Indianapolis. He 176 00:10:02,440 --> 00:10:05,120 Speaker 1: was in Atlanta for fourteen years. Once the NFL's MVP 177 00:10:05,280 --> 00:10:07,960 Speaker 1: with the Colts, he'll replace Carson Wentz, who was traded 178 00:10:08,000 --> 00:10:10,160 Speaker 1: to Washington a year after Wentz was traded to India. 179 00:10:10,160 --> 00:10:13,480 Speaker 1: The Falcon's Duke qub will apparently be Marcus Mariota back 180 00:10:13,559 --> 00:10:15,640 Speaker 1: up the last two seasons in Las Vegas. He signed 181 00:10:15,640 --> 00:10:18,000 Speaker 1: as a free agent in Brooklyn. Next met the Jazz 182 00:10:18,040 --> 00:10:20,559 Speaker 1: one fourteen one oh six Kevin Rant and led the 183 00:10:20,559 --> 00:10:23,520 Speaker 1: way thirty seven points, nine rebounds. Ada says home game 184 00:10:23,600 --> 00:10:26,679 Speaker 1: at No. Kyrie, Irvan and Ben Simmons still has not 185 00:10:26,920 --> 00:10:30,319 Speaker 1: made his next debut at with a herniated disc. His 186 00:10:30,440 --> 00:10:32,640 Speaker 1: coaches need Nat and we saw hope that he can 187 00:10:32,720 --> 00:10:35,000 Speaker 1: come back. He's had moments during years rehab where he's 188 00:10:35,000 --> 00:10:37,520 Speaker 1: on the court doing some things, so it looks like 189 00:10:37,600 --> 00:10:39,120 Speaker 1: he's about to turn a corner and then there's a 190 00:10:39,120 --> 00:10:41,560 Speaker 1: little setback. So I still feel optimistic that he can 191 00:10:41,600 --> 00:10:44,480 Speaker 1: play for US. Mixed Tonight host Atlanta Rangers visit The 192 00:10:44,600 --> 00:10:47,640 Speaker 1: Devil's Kevin Willard, the coach Seaton Hall the last twelve years, 193 00:10:47,760 --> 00:10:50,800 Speaker 1: leaving to take over at Maryland, leading to some rather 194 00:10:50,920 --> 00:10:54,560 Speaker 1: obvious speculation that he'll be replaced by Shaheen Holloway, former 195 00:10:54,600 --> 00:10:57,319 Speaker 1: Seaton Hall player who has coached St. Peter's to the 196 00:10:57,400 --> 00:10:59,760 Speaker 1: n C Double A S sixteen in Port St. Lucy. 197 00:11:00,160 --> 00:11:03,320 Speaker 1: New Mets manager Buff Show, Walter Watts, New Mett picture 198 00:11:03,440 --> 00:11:08,120 Speaker 1: Max Jerser called it as advertised five innings for sure, Zorillages, 199 00:11:08,160 --> 00:11:10,520 Speaker 1: one run, Mets lost to the Marlin, three nothing Nankees 200 00:11:10,559 --> 00:11:13,480 Speaker 1: and Tampa five two of the Phillies. Three pictures. Who 201 00:11:13,520 --> 00:11:16,800 Speaker 1: could be in the rotation Jamison, tyn Est Cortez and 202 00:11:16,880 --> 00:11:20,560 Speaker 1: Michael King, all with two school Listen Johns catch bloom 203 00:11:20,600 --> 00:11:23,719 Speaker 1: Big Sports, John John, thanks very much. Ahead of the 204 00:11:23,840 --> 00:11:26,880 Speaker 1: cash open on Wall Street futures right now in the 205 00:11:26,960 --> 00:11:30,400 Speaker 1: green the down futures of one hundred fifty three points. 206 00:11:30,440 --> 00:11:32,920 Speaker 1: That's a rise of four tensive a percent. The S 207 00:11:33,000 --> 00:11:35,400 Speaker 1: and P even the future is up nineteen points, that's 208 00:11:35,440 --> 00:11:38,000 Speaker 1: a fourth tensive a percent, and right now the NASTAC 209 00:11:38,080 --> 00:11:41,679 Speaker 1: futures up seventy one points, up half a percent. As 210 00:11:41,760 --> 00:11:45,280 Speaker 1: far as treasuries after the marks by fed Share J. 211 00:11:45,440 --> 00:11:49,760 Speaker 1: Powell yesterday, the spread between the two and tenure treasuries 212 00:11:49,880 --> 00:11:53,360 Speaker 1: right now just fifteen basis points. The tenure at two 213 00:11:53,400 --> 00:11:57,920 Speaker 1: point three four percent, that is up five basis points. 214 00:11:58,280 --> 00:12:01,200 Speaker 1: The two year yield right now two point one eight percent. 215 00:12:01,720 --> 00:12:07,480 Speaker 1: You're listening to Bloomberg Day Boom. The situation on the 216 00:12:07,520 --> 00:12:10,319 Speaker 1: ground in Ukraine appears to be growing more desperate. We'll 217 00:12:10,320 --> 00:12:13,760 Speaker 1: get an update from Bloomberg Executive editor for International Government 218 00:12:14,040 --> 00:12:17,240 Speaker 1: Ronsal and Mathison. That is straight ahead. You're listening to 219 00:12:17,320 --> 00:12:25,200 Speaker 1: Bloomberg Daybreak, Markets, headlines and breaking news twenty four hours 220 00:12:25,240 --> 00:12:28,439 Speaker 1: a day at Bloomberg dot Com, the Bloomberg Business Atland 221 00:12:28,520 --> 00:12:32,080 Speaker 1: at Bloomberg Quick tap, this is a Bloomberg Business Flash. 222 00:12:38,200 --> 00:12:40,640 Speaker 1: Nathan Hager stocks are climbing as a sell off in 223 00:12:40,760 --> 00:12:44,200 Speaker 1: bonds deep ends after Federal Reserve share Jerome Pal signal 224 00:12:44,280 --> 00:12:47,240 Speaker 1: to Central Bank will take more aggressive measures to clamp 225 00:12:47,320 --> 00:12:50,000 Speaker 1: down on inflation. To check the markets every fifteen minutes 226 00:12:50,040 --> 00:12:52,199 Speaker 1: during the trading day on Bloomberg. Right now, as in 227 00:12:52,280 --> 00:12:54,599 Speaker 1: p futures are up nineteen points, Stown futures up a 228 00:12:54,679 --> 00:12:57,080 Speaker 1: hundred sixty two, nast Act futures on the rise by 229 00:12:57,280 --> 00:13:01,120 Speaker 1: seventy points. The tenure Treasury is down seven teen thirty seconds. 230 00:13:01,200 --> 00:13:03,240 Speaker 1: The yield two point three five percent. You'll down the 231 00:13:03,280 --> 00:13:05,959 Speaker 1: two year two point one nine. Nime X Screwed is 232 00:13:06,000 --> 00:13:08,280 Speaker 1: down two point two per cent or two dollars forty 233 00:13:08,320 --> 00:13:10,680 Speaker 1: two cents now at a hundred nine dollars seventy cents. 234 00:13:10,720 --> 00:13:13,160 Speaker 1: Apparel come X Gold is down two tenths per cent 235 00:13:13,240 --> 00:13:15,760 Speaker 1: or four dollars fifty cents at nineteen thirty thirty announced 236 00:13:16,000 --> 00:13:18,280 Speaker 1: the euro one point one zero zero nine against the 237 00:13:18,320 --> 00:13:21,280 Speaker 1: dollar British pound one point three zero. The end is 238 00:13:21,320 --> 00:13:23,959 Speaker 1: at one twenty point four seven. At ten ann Wall 239 00:13:23,960 --> 00:13:26,439 Speaker 1: Street time, we get the Richmond Fed Manufacturing Index and 240 00:13:26,679 --> 00:13:30,640 Speaker 1: Carnival and Adobe are among companies scheduled to report earnings today. 241 00:13:31,000 --> 00:13:33,599 Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with 242 00:13:33,720 --> 00:13:35,840 Speaker 1: more on what's going on around the world. Good morning, Michael, 243 00:13:36,200 --> 00:13:39,760 Speaker 1: Good morning Nathan. Ukrainian President Volodimir Zelenski is set to 244 00:13:40,080 --> 00:13:43,679 Speaker 1: virtually deliver his address to the Japanese Parliament to raalley 245 00:13:43,720 --> 00:13:47,200 Speaker 1: international support for his country's fight against the Russian invasion. 246 00:13:47,600 --> 00:13:51,400 Speaker 1: Zelenski has made virtual addresses to the US Congress, as 247 00:13:51,440 --> 00:13:54,920 Speaker 1: well as parliaments in Europe, Canada and Israel. The Russian 248 00:13:54,960 --> 00:13:58,839 Speaker 1: Gord has found jailed Kremlin critic Alexi Novaldy guilty of 249 00:13:59,080 --> 00:14:02,880 Speaker 1: large scale rawd Valdi is already serving a more than 250 00:14:03,000 --> 00:14:06,640 Speaker 1: two years sentence in prison for parole violations. He says, 251 00:14:06,679 --> 00:14:09,920 Speaker 1: we're fabricated. In the NBA of the Nats and Celtics one, 252 00:14:10,000 --> 00:14:12,280 Speaker 1: the Wizards lost in the NHL, the Bruins beat the 253 00:14:12,320 --> 00:14:15,760 Speaker 1: Canadians in overtime three two Global News twenty four hours 254 00:14:15,840 --> 00:14:18,640 Speaker 1: a day on here and on Bloomberg Quick Tank, powered 255 00:14:18,679 --> 00:14:21,280 Speaker 1: by more than seven hundred journalist and analysts more than 256 00:14:21,280 --> 00:14:25,280 Speaker 1: a hundred twenty countries. Michael Barr, this is Bloomberg, John, Michael, 257 00:14:25,320 --> 00:14:27,840 Speaker 1: thank you, coming up on five twenty on Wall Street, 258 00:14:27,920 --> 00:14:31,360 Speaker 1: and we are lying from the Bloomberg Interact of Brokers Studios. 259 00:14:31,480 --> 00:14:36,080 Speaker 1: This is Bloomberg Daybreak. The President Vladimir Zolinski says Ukrainian 260 00:14:36,120 --> 00:14:39,720 Speaker 1: forces still holding Russian troops at bay as there may 261 00:14:39,800 --> 00:14:43,360 Speaker 1: be signs that Russia is growing more desperate. We're joined 262 00:14:43,360 --> 00:14:47,320 Speaker 1: the albuying Bloomberg Executive editor for International Government Rosalind Matheson 263 00:14:47,400 --> 00:14:50,720 Speaker 1: for an update on the war in Ukraine. Ross Let's 264 00:14:50,760 --> 00:14:53,480 Speaker 1: start off with the situation on the ground. What is 265 00:14:53,520 --> 00:14:57,480 Speaker 1: the update. Well, we're seeing over night showing again as 266 00:14:57,600 --> 00:15:00,520 Speaker 1: always by Russia in various parts of the country, a 267 00:15:00,600 --> 00:15:03,360 Speaker 1: bit to the west and some places in the north, 268 00:15:03,480 --> 00:15:08,000 Speaker 1: and again the situation in the south of Ukraine increasingly desperate. 269 00:15:08,080 --> 00:15:11,880 Speaker 1: Reports that those humanitarian corridors only held for a very 270 00:15:11,960 --> 00:15:16,480 Speaker 1: short time yesterday, Ukraine accusing Russian troops of firing on 271 00:15:16,800 --> 00:15:19,440 Speaker 1: convoys of people as they're trying to leave some of 272 00:15:19,520 --> 00:15:22,840 Speaker 1: those cities Mary Paul and other cities in the area 273 00:15:22,840 --> 00:15:25,840 Speaker 1: and trying to block them from getting out, and saying 274 00:15:25,880 --> 00:15:29,640 Speaker 1: that the situation inside those cities is increasingly desperate. Of course, 275 00:15:29,760 --> 00:15:33,520 Speaker 1: Ukrainian troops are unable to cross the open land that 276 00:15:33,640 --> 00:15:36,720 Speaker 1: we're required for them to get to Mariopold to try 277 00:15:36,760 --> 00:15:39,680 Speaker 1: and break the siege directly, so they can't do that 278 00:15:39,840 --> 00:15:41,800 Speaker 1: at the moment. They're just trying to convince Russia to 279 00:15:41,920 --> 00:15:45,080 Speaker 1: allow enough of a pause in the fighting for people 280 00:15:45,160 --> 00:15:47,560 Speaker 1: to properly leave. There are still at least tens of 281 00:15:47,680 --> 00:15:53,400 Speaker 1: thousands of people there, so the humanitarian situations certainly is deteriorating. 282 00:15:53,520 --> 00:15:56,240 Speaker 1: In terms of the actual conflict, there are signs that 283 00:15:56,320 --> 00:15:59,520 Speaker 1: Russian troops are simply largely staying put where they are. 284 00:15:59,760 --> 00:16:03,200 Speaker 1: They're trying to reinforce their positions. They're using landmines around 285 00:16:03,240 --> 00:16:06,480 Speaker 1: themselves and so on, and they're not attempting to push forward, 286 00:16:06,840 --> 00:16:10,440 Speaker 1: and that's really leaving the conflict in the aerial phase. Still, 287 00:16:10,560 --> 00:16:14,120 Speaker 1: bombardment of cities again, overnight, bombardment of sites in the 288 00:16:14,200 --> 00:16:17,640 Speaker 1: northwest and in the southeast are there signs that the 289 00:16:17,800 --> 00:16:23,280 Speaker 1: Russian army is growing more desperate there are certainly reports, 290 00:16:23,280 --> 00:16:26,040 Speaker 1: at least from the Ukraine side, that there are signs 291 00:16:26,120 --> 00:16:29,400 Speaker 1: that Russian troops are losing their morale um. They're certainly 292 00:16:29,480 --> 00:16:32,640 Speaker 1: struggling in some areas, it seems, to access fuel, to 293 00:16:32,800 --> 00:16:35,840 Speaker 1: access food, and of course, given that they have very 294 00:16:35,920 --> 00:16:39,240 Speaker 1: close ties to Ukraine, many of them themselves, either through family, 295 00:16:39,760 --> 00:16:43,440 Speaker 1: through culture and history, that it doesn't go beyond belief 296 00:16:43,560 --> 00:16:45,760 Speaker 1: to think that some Russian troops at least would be 297 00:16:45,920 --> 00:16:49,320 Speaker 1: very reluctant to fight, particularly those have been conscripted and 298 00:16:49,480 --> 00:16:52,120 Speaker 1: sent in for example, do they really want to be there? 299 00:16:52,520 --> 00:16:55,040 Speaker 1: And so Ukraine is saying that they're seeing evidence some 300 00:16:55,200 --> 00:16:58,440 Speaker 1: of those troops really are demoralized, not wanting to fight 301 00:16:58,560 --> 00:17:01,200 Speaker 1: face to face, and again that sort suggest why Russia 302 00:17:01,640 --> 00:17:03,960 Speaker 1: is instead trying to rely on things like missiles and 303 00:17:04,080 --> 00:17:07,440 Speaker 1: rocket attacks. What's the significance of the use of these 304 00:17:07,640 --> 00:17:12,240 Speaker 1: hypersonic weapons. Well, they are more targeted at least, they 305 00:17:12,320 --> 00:17:14,720 Speaker 1: tend to be better at hitting what they're aiming for. 306 00:17:14,840 --> 00:17:17,720 Speaker 1: And they're being used so far, at least in terms 307 00:17:17,760 --> 00:17:21,959 Speaker 1: of cruise missiles and longer range missiles purely at military targets, 308 00:17:22,040 --> 00:17:26,240 Speaker 1: so airports, things near airfields, weapons cases, those sorts of things, 309 00:17:26,560 --> 00:17:29,600 Speaker 1: training centers, so sort of targeting, trying to hit key 310 00:17:29,680 --> 00:17:33,720 Speaker 1: parts of the Ukraine military infrastructure. And they're enabled to 311 00:17:33,800 --> 00:17:37,240 Speaker 1: be fired from Russia or Yelarus, for example. They don't 312 00:17:37,240 --> 00:17:39,760 Speaker 1: have to be fired from within Ukraine. They're also a 313 00:17:39,840 --> 00:17:42,760 Speaker 1: lot harder for Ukraine to to shoot down. They're very 314 00:17:42,800 --> 00:17:47,800 Speaker 1: successful so far at shooting down airplanes and transport aircraft 315 00:17:48,280 --> 00:17:51,040 Speaker 1: and its attacking tanks and so on, but missiles are 316 00:17:51,080 --> 00:17:53,800 Speaker 1: another thing entirely. They fly at such high altitudes it's 317 00:17:53,800 --> 00:17:57,000 Speaker 1: impossible for Ukraine to hit them. On the other hand, 318 00:17:57,040 --> 00:17:59,360 Speaker 1: it also does show again the level of frustration that's 319 00:17:59,359 --> 00:18:02,600 Speaker 1: probably creeping in to the Russian machinery here about their 320 00:18:02,680 --> 00:18:04,840 Speaker 1: lack of progress on the ground that they're having to 321 00:18:04,960 --> 00:18:08,240 Speaker 1: resort to using those kinds of missiles. And what is 322 00:18:08,320 --> 00:18:12,760 Speaker 1: happening on the diplomatic front. Well, we have the Ukrainian 323 00:18:12,800 --> 00:18:17,080 Speaker 1: President addressing the Italian parliament today. We're expecting a similar 324 00:18:18,000 --> 00:18:20,720 Speaker 1: plea for further military aid. Certainly you can see that 325 00:18:21,280 --> 00:18:24,200 Speaker 1: Ukraine needs at some point to get some extra aeroplanes 326 00:18:24,320 --> 00:18:26,879 Speaker 1: that they have been losing their own fighter jets in 327 00:18:27,000 --> 00:18:30,000 Speaker 1: this conflict, and he may plead for that again. He 328 00:18:30,119 --> 00:18:32,920 Speaker 1: may call for direct nature intervention. Again, of course NATO 329 00:18:33,040 --> 00:18:36,600 Speaker 1: says it cannot do that um and he may repeat 330 00:18:36,680 --> 00:18:39,080 Speaker 1: his call for direct talks with the Russian president. He 331 00:18:39,160 --> 00:18:42,159 Speaker 1: has said repeatedly that the only way that there can 332 00:18:42,200 --> 00:18:45,440 Speaker 1: be any sort of agreement more broadly on this conflict 333 00:18:45,520 --> 00:18:48,000 Speaker 1: is for the two leaders to speak one on one. 334 00:18:48,119 --> 00:18:50,320 Speaker 1: So far, that's there's been no signs that the Russian 335 00:18:50,400 --> 00:18:54,119 Speaker 1: President is willing to entertain that. But perhaps as we 336 00:18:54,240 --> 00:18:56,800 Speaker 1: get more meat on the bones of a possible agreement 337 00:18:56,880 --> 00:18:59,040 Speaker 1: at the lower level, that will shift up to have 338 00:18:59,200 --> 00:19:02,000 Speaker 1: that conversation. But certainly you can expect him to call 339 00:19:02,080 --> 00:19:05,040 Speaker 1: again on the Russian president to talk to him directly. 340 00:19:05,600 --> 00:19:08,760 Speaker 1: Thirty seconds left. What happens at the European Unions summit 341 00:19:09,080 --> 00:19:12,000 Speaker 1: this week, Well, there'll be a lot of shows of 342 00:19:12,160 --> 00:19:16,399 Speaker 1: unity and again like that that front against Russia across 343 00:19:16,480 --> 00:19:19,000 Speaker 1: not just later but the US, other countries and so on. 344 00:19:19,520 --> 00:19:22,119 Speaker 1: There could be some discussion where the US is leaning 345 00:19:22,160 --> 00:19:24,600 Speaker 1: on Europe to do more on the sanctions funt protected, 346 00:19:24,680 --> 00:19:27,240 Speaker 1: particularly when it comes to oil and gas, the potential 347 00:19:27,320 --> 00:19:30,000 Speaker 1: oil embargo. We do not expect that to come on 348 00:19:30,080 --> 00:19:32,680 Speaker 1: the table as a formal discussion at this point. Europe 349 00:19:32,760 --> 00:19:35,200 Speaker 1: is highly reluctant to do so with the oil, but 350 00:19:35,240 --> 00:19:37,440 Speaker 1: you can expect a little bit of pressure about from 351 00:19:37,440 --> 00:19:40,520 Speaker 1: the US coming through the President's visit to Brussels. Laugh 352 00:19:40,600 --> 00:19:44,359 Speaker 1: this week. Thanks very much appreciated, Bloomberg Executive editor for 353 00:19:44,600 --> 00:19:48,720 Speaker 1: International Government, Rosalind Matheson ahead of the cash open on 354 00:19:48,880 --> 00:19:51,639 Speaker 1: Wall Street. Futures in the green right now, hasn't the 355 00:19:51,760 --> 00:19:56,160 Speaker 1: EMUNI futures fifteen points higher the doll Emuni futures. I've 356 00:19:56,200 --> 00:19:59,399 Speaker 1: wanted a twenty seven points nastal futures right now of 357 00:19:59,680 --> 00:20:06,320 Speaker 1: fift four points. You're listening to Bloomberg day Break. The 358 00:20:06,440 --> 00:20:10,240 Speaker 1: Bloomberg Weather for brod Caroline, clouds and some sunset, especially 359 00:20:10,359 --> 00:20:13,760 Speaker 1: north of the city. High temperature about sixty tomorrow, cloudy, 360 00:20:13,800 --> 00:20:18,520 Speaker 1: cooler showers developing during the afternoon behind temperature about fifty degrees. 361 00:20:22,080 --> 00:20:26,600 Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York. 362 00:20:26,760 --> 00:20:31,400 Speaker 1: Bloomberg E Living Freedom to Washington, d C. Bloomberg to Boston, 363 00:20:31,520 --> 00:20:34,920 Speaker 1: Bloomberg one oh six one to San Francisco, Bloomberg Non 364 00:20:35,000 --> 00:20:38,040 Speaker 1: sixty to the Country, Sirius XM to the one nineteen 365 00:20:38,200 --> 00:20:41,359 Speaker 1: and around the globe to Bloomberg Business apt in Bloomberg 366 00:20:41,440 --> 00:20:50,800 Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's five thirty 367 00:20:50,840 --> 00:20:53,200 Speaker 1: on Wall Street. Good morning. I'm John Tucker and I'm 368 00:20:53,280 --> 00:20:55,360 Speaker 1: Nathan Hager. We're about four hours away from the open 369 00:20:55,400 --> 00:20:57,240 Speaker 1: of US trading. Let's catch you up to date on 370 00:20:57,320 --> 00:20:59,639 Speaker 1: the news you need to know at this hour a 371 00:20:59,680 --> 00:21:02,640 Speaker 1: lot of her Zelenski says Ukrainian forces are still holding 372 00:21:02,720 --> 00:21:05,480 Speaker 1: Russian troops at bay. He is also indicating his nation 373 00:21:05,560 --> 00:21:08,240 Speaker 1: would hold a referendum on the terms of any potential 374 00:21:08,320 --> 00:21:12,959 Speaker 1: peace agreement. Zelenski addresses the Italian parliament this morning. Meantime, Russia, 375 00:21:13,119 --> 00:21:17,000 Speaker 1: President Biden says Russia's use of hypersonic missiles against Ukraine 376 00:21:17,359 --> 00:21:20,360 Speaker 1: is a sign that President Vladimir Putin is growing desperate. 377 00:21:20,880 --> 00:21:25,000 Speaker 1: Now the President's warning about possible cyber attacks, They've just 378 00:21:26,119 --> 00:21:30,080 Speaker 1: launched the hypersonic missile because it's the only thing that 379 00:21:30,200 --> 00:21:33,159 Speaker 1: they can get through with an absolute certainty. He was 380 00:21:33,200 --> 00:21:38,119 Speaker 1: an anticipating in the extent or strength of our unity, 381 00:21:38,640 --> 00:21:41,560 Speaker 1: and the more his back is against the wall, the 382 00:21:41,720 --> 00:21:45,600 Speaker 1: greater severity of the tactics he may employ. President Biden 383 00:21:45,720 --> 00:21:48,760 Speaker 1: is asking the US private sector to quote harden your 384 00:21:48,880 --> 00:21:53,040 Speaker 1: cyber defense immediately well. Meantime, John in China, investigators are 385 00:21:53,080 --> 00:21:55,600 Speaker 1: trying to figure out why a China Eastern Airlines Boeing 386 00:21:55,680 --> 00:21:58,960 Speaker 1: jet suddenly fell from the sky. The crash is believed 387 00:21:58,960 --> 00:22:01,480 Speaker 1: to have killed all one hundred thirty two people on board. 388 00:22:01,760 --> 00:22:06,240 Speaker 1: In response, China Eastern's grounded its fleet of Boeing seven hundreds, 389 00:22:06,400 --> 00:22:08,720 Speaker 1: and turning to the market, says sell often bonds is 390 00:22:08,800 --> 00:22:11,880 Speaker 1: deepening After the FED share Jpal struck a more hawkish 391 00:22:11,960 --> 00:22:15,439 Speaker 1: toll of the central banks campaign against inflation. He's opening 392 00:22:15,520 --> 00:22:18,000 Speaker 1: the door to a fifty basis point hike at the 393 00:22:18,119 --> 00:22:21,760 Speaker 1: Central Banks upcoming meetings. We will take the necessary steps 394 00:22:21,800 --> 00:22:25,600 Speaker 1: to ensure a return to price stability. In particular, if 395 00:22:25,640 --> 00:22:28,159 Speaker 1: we conclude it is appropriate to move more aggressively by 396 00:22:28,280 --> 00:22:30,680 Speaker 1: raising the federal funds rate by more than twenty five 397 00:22:30,720 --> 00:22:33,080 Speaker 1: basis point at a meeting or meetings, we will do so. 398 00:22:34,040 --> 00:22:36,000 Speaker 1: And if we determine that we need to tighten beyond 399 00:22:36,080 --> 00:22:39,400 Speaker 1: common measures of neutral into a more restrictive stance, will 400 00:22:39,440 --> 00:22:42,240 Speaker 1: do that as well. J Pal and other Fed officials 401 00:22:42,280 --> 00:22:45,400 Speaker 1: issue their next policy decision on May fourth. Say tuned 402 00:22:45,440 --> 00:22:47,480 Speaker 1: for more on the Fed this morning when we speak 403 00:22:47,640 --> 00:22:51,439 Speaker 1: live with St. Louis President Jim Bullard. Catch that conversation 404 00:22:51,520 --> 00:22:54,080 Speaker 1: at eight thirty am Wall Street Time of Bloomberg Radio 405 00:22:54,160 --> 00:22:56,360 Speaker 1: and Television and on the Earning Strent this morning, John, 406 00:22:56,440 --> 00:22:59,359 Speaker 1: Shares of Nike are up nearly six percent in early training. 407 00:22:59,359 --> 00:23:03,360 Speaker 1: The company's quarterly results, top estimates and revenue outpaced expectations 408 00:23:03,440 --> 00:23:07,480 Speaker 1: in all regions, including Greater China, where sales fell less 409 00:23:07,520 --> 00:23:11,080 Speaker 1: than predicted. SMP futures are higher by thirteen points right now, 410 00:23:11,200 --> 00:23:13,600 Speaker 1: Dow futures up a hundred twenty, NASTAC futures on the 411 00:23:13,720 --> 00:23:16,320 Speaker 1: rise by forty eight points. The tenure treasury is down 412 00:23:16,480 --> 00:23:20,520 Speaker 1: fifteen thirty seconds. The yield two point three nime X 413 00:23:20,560 --> 00:23:23,240 Speaker 1: screwed is down at two point two or two forty 414 00:23:23,280 --> 00:23:25,680 Speaker 1: two cents and a hundred nine dollars seventy cents of barrel. 415 00:23:26,040 --> 00:23:28,560 Speaker 1: The euro right now one point one zero zero five 416 00:23:28,560 --> 00:23:31,440 Speaker 1: against the dollar. Straight ahead, your latest local headlines, and 417 00:23:31,520 --> 00:23:39,160 Speaker 1: a check of sports. This is Bloomberg. Thanks Nathan. Five 418 00:23:39,240 --> 00:23:42,000 Speaker 1: thirty three on Wall Street Time to bring in Michael 419 00:23:42,040 --> 00:23:43,760 Speaker 1: Barr with more on what else was going on to 420 00:23:43,840 --> 00:23:47,160 Speaker 1: New York and around the world. John, Thank you very much, sir, 421 00:23:47,280 --> 00:23:50,320 Speaker 1: New York's top health official is talking about the latest 422 00:23:50,359 --> 00:23:54,320 Speaker 1: new omeicron subvariant growing in the state. State Health Commissioner 423 00:23:54,480 --> 00:23:57,800 Speaker 1: Mary Bassett, we don't expect to see a steep surge 424 00:23:57,920 --> 00:24:01,800 Speaker 1: in cases in New York State. UH At the moment 425 00:24:02,160 --> 00:24:05,560 Speaker 1: of the A two comprises about forty two percent of 426 00:24:05,680 --> 00:24:08,399 Speaker 1: all the cases here in the state. Health commission of 427 00:24:08,440 --> 00:24:11,560 Speaker 1: Bassett says though New York State averaged around twenty one 428 00:24:12,080 --> 00:24:15,680 Speaker 1: new COVID nineteen cases per day last week, that is 429 00:24:15,760 --> 00:24:18,840 Speaker 1: up thirty two from the previous week. New York Governor 430 00:24:18,920 --> 00:24:21,160 Speaker 1: Kathy Hokel, I just want everyone to know that we've 431 00:24:21,240 --> 00:24:23,320 Speaker 1: never taken our foot off the gas when it comes 432 00:24:23,359 --> 00:24:27,040 Speaker 1: to our preparedness for dealing with this pandemic. We never 433 00:24:27,160 --> 00:24:29,680 Speaker 1: had a high five moments that it's over. We're in 434 00:24:29,720 --> 00:24:33,480 Speaker 1: a new phase. We've been adapting to the circumstances and 435 00:24:33,640 --> 00:24:36,120 Speaker 1: reopening in a way that I still believe should continue. 436 00:24:36,200 --> 00:24:39,359 Speaker 1: That's an important point to make. Governor Hokel says. The 437 00:24:39,440 --> 00:24:42,560 Speaker 1: number of patients hospitalized with COVID nineteen in New York 438 00:24:42,960 --> 00:24:46,639 Speaker 1: has fallen from twelve thousand, seven hundred in early January 439 00:24:46,960 --> 00:24:50,320 Speaker 1: to around nine hundred. A Russian court has found jailed 440 00:24:50,400 --> 00:24:54,760 Speaker 1: Kremlin critic Alexi Novalty guilty of large scale fraud. Vivaldi 441 00:24:54,880 --> 00:24:57,800 Speaker 1: is already serving more than two years sentence in prison 442 00:24:57,880 --> 00:25:01,880 Speaker 1: for parole violations. Of all the says the cases were fabricated. 443 00:25:02,200 --> 00:25:06,120 Speaker 1: Supreme Court nominique Katangi Brown Jackson will face senators questions 444 00:25:06,359 --> 00:25:09,480 Speaker 1: during confirmation hearings to become the only black female justice 445 00:25:09,720 --> 00:25:13,480 Speaker 1: in the Court's history. Yesterday, Judge Jackson delivered her opening 446 00:25:13,560 --> 00:25:17,680 Speaker 1: remarks before the Judiciary Committee. If I am confirmed, I 447 00:25:17,840 --> 00:25:23,200 Speaker 1: commit to you that I will work productively to support 448 00:25:23,600 --> 00:25:27,840 Speaker 1: and defend the Constitution. Some Republicans charged that Jackson has 449 00:25:27,880 --> 00:25:32,320 Speaker 1: been too lenient in sentencing on criminal matters. Taxis firefighters 450 00:25:32,400 --> 00:25:35,640 Speaker 1: gained the upper hand over historic wildfires. Is violent weather 451 00:25:35,720 --> 00:25:39,280 Speaker 1: closed in on urban centers, and residents of Dallas and 452 00:25:39,320 --> 00:25:43,200 Speaker 1: Austin sought shelter from tornadoes. The largest clusterer blazes that 453 00:25:43,400 --> 00:25:48,760 Speaker 1: erupted late last week west of Dallas was contained. Global 454 00:25:48,800 --> 00:25:52,080 Speaker 1: News twenty four hours a day on airrand on Bloomberg Quicktake, 455 00:25:52,359 --> 00:25:55,240 Speaker 1: powered by more than twenty seven undred journalist and analysts, 456 00:25:55,240 --> 00:25:57,359 Speaker 1: are more than h twenty countries. I'm Michael Barr. This 457 00:25:57,480 --> 00:26:04,680 Speaker 1: is Bloomberg, John Michael, thank you. Coming up on five 458 00:26:04,760 --> 00:26:07,640 Speaker 1: thirties of All Street top out with the Bluebird Sports 459 00:26:07,760 --> 00:26:10,000 Speaker 1: up to it. Here's John staff Shower. Thanks John Night. 460 00:26:10,040 --> 00:26:12,160 Speaker 1: After the Utah Jazz beat the Knicks at the Garden, 461 00:26:12,240 --> 00:26:14,639 Speaker 1: they went to Brooklyn loss to the Nets one fourteen 462 00:26:14,680 --> 00:26:17,399 Speaker 1: one those sex is Kevin Durant scored thirty seven points. 463 00:26:17,440 --> 00:26:19,280 Speaker 1: When the season began, Durant thought he'd be part of 464 00:26:19,320 --> 00:26:21,879 Speaker 1: the Big Three. Not the case. James Harden is now 465 00:26:21,960 --> 00:26:24,399 Speaker 1: in Philadelphia, traded for Ben Simmons who was yet to 466 00:26:24,440 --> 00:26:26,679 Speaker 1: play for Brooklyn to the back injury, and Tyrie Irving 467 00:26:27,040 --> 00:26:29,680 Speaker 1: only allowed to play on the road. Katie still hopeful 468 00:26:29,840 --> 00:26:32,720 Speaker 1: that may change. Frustrated and not being able to play, 469 00:26:32,880 --> 00:26:35,840 Speaker 1: And you know, you figured this stuff would be rolled 470 00:26:35,880 --> 00:26:38,720 Speaker 1: back by now and would be way past this. But 471 00:26:40,240 --> 00:26:42,520 Speaker 1: it's a situation where we gotta do with think he's 472 00:26:42,560 --> 00:26:44,440 Speaker 1: got to deal with it, and we're, you know, of 473 00:26:44,600 --> 00:26:47,359 Speaker 1: trusting that it will get figured out here soon. Except 474 00:26:47,440 --> 00:26:50,000 Speaker 1: that Irving seems determined not to get the vaccine and 475 00:26:50,119 --> 00:26:53,080 Speaker 1: city Hall seems dug in on not making an exception 476 00:26:53,160 --> 00:26:56,600 Speaker 1: of the private sector in person mandate. There are believed 477 00:26:56,640 --> 00:26:59,760 Speaker 1: to be unvaccinated me and Yankee players. This could affect 478 00:26:59,800 --> 00:27:02,119 Speaker 1: them to Mets lost the Marlins of Max Serzer, but 479 00:27:02,240 --> 00:27:05,000 Speaker 1: sharp in five innings. Yankee p the Phillies. Another big 480 00:27:05,080 --> 00:27:08,280 Speaker 1: name quarterback got traded, Matt Ryan, fourteen years with Atlanta, 481 00:27:08,600 --> 00:27:10,879 Speaker 1: a four time pro bowler, one time m v P, 482 00:27:11,040 --> 00:27:13,560 Speaker 1: sent to Indianapolis for a third round draft pick. The 483 00:27:13,600 --> 00:27:17,480 Speaker 1: Falcons then signed free agent QB Marcus Mariotta New Orleans, 484 00:27:17,520 --> 00:27:20,600 Speaker 1: sticking with Jamis Winston. He he signed with the Saints. 485 00:27:20,680 --> 00:27:22,920 Speaker 1: Kevin Willard leaving Seaton Hall to be the new coach 486 00:27:22,960 --> 00:27:25,879 Speaker 1: at Maryland. Shaheen Holloway already seen as the favorite to 487 00:27:25,960 --> 00:27:28,840 Speaker 1: replace Willard. Holloway is a former Seaton Hall player. He's 488 00:27:28,880 --> 00:27:31,800 Speaker 1: coach St. Peters to the n C Double A Sweet sixteen. 489 00:27:31,880 --> 00:27:34,600 Speaker 1: As of now, Phil Mickelson is not going to play 490 00:27:34,720 --> 00:27:37,560 Speaker 1: the upcoming Masters. He recently said he was taking time off. 491 00:27:37,840 --> 00:27:42,439 Speaker 1: Nicholson has played in every Master since four. John Stasheward 492 00:27:42,440 --> 00:27:46,760 Speaker 1: Bloomberg Sports Time Alright, thirty seven on Wall Street. It's 493 00:27:46,800 --> 00:27:49,800 Speaker 1: time for the Bloomberg Try State Business Report. Here for that, 494 00:27:49,960 --> 00:27:53,800 Speaker 1: we're joined by ed Query. Brookfield Properties will power its 495 00:27:53,880 --> 00:27:58,159 Speaker 1: one Manhattan West office skyscraper with renewable energy from up 496 00:27:58,240 --> 00:28:02,360 Speaker 1: State New York. Another unit of parent Brookfield Asset Management 497 00:28:02,440 --> 00:28:05,720 Speaker 1: will provide hydro power for the sixties seven story tower, 498 00:28:06,200 --> 00:28:08,760 Speaker 1: part of the eight acre Manhattan West project on the 499 00:28:08,840 --> 00:28:12,800 Speaker 1: borough's far west side. Billionaire Rupert Murdoch is listing a 500 00:28:12,840 --> 00:28:15,760 Speaker 1: pair of condos in New York for seventy eight million dollars, 501 00:28:16,359 --> 00:28:19,119 Speaker 1: less than a decade after buying them and conducting an 502 00:28:19,160 --> 00:28:22,919 Speaker 1: extensive renovation. The News Corps founder is selling his sixty 503 00:28:22,960 --> 00:28:26,320 Speaker 1: two million dollar triuplex penthouse and a smaller apartment on 504 00:28:26,400 --> 00:28:29,760 Speaker 1: a lower floor for sixteen million. New Jersey officials have 505 00:28:29,800 --> 00:28:33,080 Speaker 1: awarded a million dollars in grants to install electric vehicle 506 00:28:33,200 --> 00:28:37,240 Speaker 1: charging stations in twenty four tourist areas. The ideas to 507 00:28:37,280 --> 00:28:41,479 Speaker 1: boost tourism by reassuring visitors with electric vehicles that they 508 00:28:41,560 --> 00:28:43,880 Speaker 1: can come to a vacation spot in Jersey and not 509 00:28:44,080 --> 00:28:46,560 Speaker 1: run out of power to get back home. At your 510 00:28:46,600 --> 00:28:50,400 Speaker 1: Bloomberg Try State Business Report, I'm Ed Corey, Thanks said 511 00:28:50,800 --> 00:28:53,640 Speaker 1: he is fine, thirty eight on Wall Street. Bloomberg Radio 512 00:28:53,720 --> 00:28:55,880 Speaker 1: is on the air from San Francisco to New York, 513 00:28:56,040 --> 00:28:58,800 Speaker 1: London to Hong Kong. Let's check in now with our 514 00:28:58,840 --> 00:29:01,000 Speaker 1: global news he in four. Some of the top stories 515 00:29:01,040 --> 00:29:04,920 Speaker 1: heard on our three hundred affiliate radio stations around the world. 516 00:29:07,880 --> 00:29:11,000 Speaker 1: I'm Steve's Potaskan on Chen Chen Wins in New York. 517 00:29:11,080 --> 00:29:14,720 Speaker 1: We're talking about Wall Street regulators turning their attention to 518 00:29:14,920 --> 00:29:18,920 Speaker 1: climate change. I'm corney Daneho on ktr H in Houston. 519 00:29:19,040 --> 00:29:22,200 Speaker 1: More than eighty percent of oil workers would consider switching 520 00:29:22,280 --> 00:29:25,400 Speaker 1: to another energy sector. I'm carried at bildb Gave in 521 00:29:25,520 --> 00:29:27,960 Speaker 1: Digital Radio and lons Wo reporting on a major boost 522 00:29:28,040 --> 00:29:31,160 Speaker 1: for the Chancellor ahead of his spring statement as borrowing 523 00:29:31,320 --> 00:29:34,560 Speaker 1: comes in twenties and billion pounds below four common. I 524 00:29:34,720 --> 00:29:38,120 Speaker 1: made gory on w J and De Croyd. I'm reporting 525 00:29:38,240 --> 00:29:41,560 Speaker 1: Rocket Mortgage CEO Jave Farner will buy up a thirty 526 00:29:41,640 --> 00:29:45,760 Speaker 1: pig million dollars break of the company's dock. And those 527 00:29:45,840 --> 00:29:48,640 Speaker 1: are some of the stories are twenty seven hundred Bloomberg 528 00:29:48,720 --> 00:29:51,520 Speaker 1: journalists and the analysts are working on this morning around 529 00:29:51,600 --> 00:29:55,000 Speaker 1: the world. It's five thirty nine on Wall Street. The 530 00:29:55,120 --> 00:29:59,480 Speaker 1: following is an editorial from Bloomberg Opinion. Judging by state 531 00:29:59,600 --> 00:30:03,960 Speaker 1: media counts, Chinese President Jijing Ping was more focused on 532 00:30:04,080 --> 00:30:07,440 Speaker 1: Taiwan than on the Russian invasion of Ukraine when he 533 00:30:07,480 --> 00:30:10,960 Speaker 1: spoke with his US counterpart Joe Biden last week. But 534 00:30:11,120 --> 00:30:14,400 Speaker 1: if g fears US support for what he calls Taiwan 535 00:30:14,480 --> 00:30:18,880 Speaker 1: independence forces, many American analysts worry about the opposite, that 536 00:30:19,040 --> 00:30:21,720 Speaker 1: China might be inspired by Russia to seek its own 537 00:30:21,800 --> 00:30:25,040 Speaker 1: takeover of Taiwan. While the U should prepare for that 538 00:30:25,160 --> 00:30:29,840 Speaker 1: possibility both militarily and diplomatically, it should also remember that 539 00:30:29,960 --> 00:30:33,600 Speaker 1: having stable relations with China has been crucial to keeping 540 00:30:33,640 --> 00:30:37,920 Speaker 1: the peace across the Taiwan straight. Maintaining that stability will 541 00:30:38,000 --> 00:30:42,600 Speaker 1: require stronger communications, sustained diplomacy, and a greater investment in 542 00:30:42,720 --> 00:30:47,120 Speaker 1: crisis management tools. True success will ultimately be measured not 543 00:30:47,280 --> 00:30:49,600 Speaker 1: by whether the US can win a war over Taiwan, 544 00:30:50,000 --> 00:30:53,360 Speaker 1: but whether it can prevent one. This editorial was written 545 00:30:53,360 --> 00:30:56,720 Speaker 1: by the Bloomberg Opinion Editorial Board. I'm David Shipley. For 546 00:30:56,840 --> 00:30:59,560 Speaker 1: more Bloomberg Opinion, please go to Bloomberg dot com, slash 547 00:30:59,600 --> 00:31:03,160 Speaker 1: opinion or ope and go on the Bloomberg terminal. This 548 00:31:03,440 --> 00:31:07,080 Speaker 1: has been Bloomberg Opinion and Bloomberg Opinion Editorial is going 549 00:31:07,160 --> 00:31:10,080 Speaker 1: to be heard every weekday. At this time, terbol customers 550 00:31:10,120 --> 00:31:14,120 Speaker 1: could read Moore at Opie, I am go. They head 551 00:31:14,120 --> 00:31:16,560 Speaker 1: of the cash open on Wallsbury Futures right now in 552 00:31:16,640 --> 00:31:19,840 Speaker 1: the green down futures up one twenty seven points. This 553 00:31:19,960 --> 00:31:25,040 Speaker 1: is Bloomberg. Bloomberg Weather ports at clouds some sunshine, especially 554 00:31:25,160 --> 00:31:27,160 Speaker 1: north of the city of the high temperature about sixty 555 00:31:27,160 --> 00:31:31,160 Speaker 1: degrees tomorrow, cloudy over the showers developing during the anterne 556 00:31:31,200 --> 00:31:39,040 Speaker 1: the high temperature about fifty degrees. Markets headlines and breaking 557 00:31:39,120 --> 00:31:41,920 Speaker 1: news twenty four hours a day at Bloomberg dot Com, 558 00:31:42,120 --> 00:31:45,160 Speaker 1: The Bloomberg Business at and at Bloomberg Quick Take. This 559 00:31:45,600 --> 00:31:54,840 Speaker 1: is a Bloomberg business lash. I'm Nathan Hager. Stocks are climbing. 560 00:31:54,880 --> 00:31:58,520 Speaker 1: The sell off in bonds is deepening after Federal Reserve 561 00:31:58,640 --> 00:32:01,920 Speaker 1: Chairman Jerome Powell said the Fed could raise interest rates 562 00:32:02,000 --> 00:32:04,920 Speaker 1: by fifty basis points at its next policy meeting if 563 00:32:05,040 --> 00:32:08,080 Speaker 1: needed to get a handle on inflation. Who checked the 564 00:32:08,120 --> 00:32:10,960 Speaker 1: markets every fifteen minutes during the trading day on Bloomberg 565 00:32:11,400 --> 00:32:14,000 Speaker 1: SMP futures right now are up thirteen point, Staff futures 566 00:32:14,080 --> 00:32:16,160 Speaker 1: up a hundred twenty three nast Deck futures are higher 567 00:32:16,200 --> 00:32:18,800 Speaker 1: by forty seven points. The ten your treasury is down 568 00:32:18,880 --> 00:32:21,480 Speaker 1: fifteen thirty seconds, the yield two point three four percent 569 00:32:21,560 --> 00:32:23,880 Speaker 1: yield on the two year two point one eight nime 570 00:32:24,000 --> 00:32:26,200 Speaker 1: X Screwed is down two point two percent, down two 571 00:32:26,200 --> 00:32:28,600 Speaker 1: dollars forty nine cents at a hundred nine dollars sixty 572 00:32:28,640 --> 00:32:31,200 Speaker 1: three cents a barrel. Comics Gold is down two tenths 573 00:32:31,240 --> 00:32:33,440 Speaker 1: per cent, or four dollars thirty cents at nineteen thirty 574 00:32:33,480 --> 00:32:36,120 Speaker 1: fifty announced. The euro is at one point one zero 575 00:32:36,240 --> 00:32:38,480 Speaker 1: zero five against the dollar the end one twenty point 576 00:32:38,520 --> 00:32:41,960 Speaker 1: seven zero Bitcoin U three point three percent on the 577 00:32:42,040 --> 00:32:45,480 Speaker 1: session at forty two thousand, five hundred dollars. That's Bloomberg 578 00:32:45,520 --> 00:32:48,080 Speaker 1: Business Flash. Now here's Michael Barr with more on what's 579 00:32:48,120 --> 00:32:51,080 Speaker 1: going on around the world. Michael, thank you very much. Nathan. 580 00:32:51,200 --> 00:32:54,440 Speaker 1: Russia is refocusing it's military campaign in Ukraine on the 581 00:32:54,520 --> 00:32:58,400 Speaker 1: east and above all the ports city of Mariopal. Ukraine's 582 00:32:58,400 --> 00:33:01,720 Speaker 1: president Elodomir's Lensky is describe the assault as a war 583 00:33:01,840 --> 00:33:05,040 Speaker 1: crime that will be remembered for centuries. A Russian court 584 00:33:05,080 --> 00:33:08,760 Speaker 1: has found in chroman critic Alexei Novaldi guilty of fraud. 585 00:33:09,160 --> 00:33:13,360 Speaker 1: Nevaldy has dismissed the case as politically motivated. Develoy, already 586 00:33:13,400 --> 00:33:15,600 Speaker 1: serving a two and a half year sentence, could face 587 00:33:15,840 --> 00:33:20,560 Speaker 1: an additional thirteen years when sentenced. Supreme Court Nominiquatanji Brown 588 00:33:20,640 --> 00:33:23,720 Speaker 1: Jackson will face Senators questions for the first time as 589 00:33:23,800 --> 00:33:27,240 Speaker 1: Democrats pushed quickly confirmed the only black female justice in 590 00:33:27,320 --> 00:33:30,400 Speaker 1: the courts history. In the NBA, the Nets and Celtics won, 591 00:33:30,480 --> 00:33:33,360 Speaker 1: the Wizards lost. In the NHL, the Bruins beat the Canadians, 592 00:33:33,400 --> 00:33:36,600 Speaker 1: and overtime three two Global News twenty four hours a 593 00:33:36,720 --> 00:33:39,840 Speaker 1: day on air and on Bloomberg quick Take, powered by 594 00:33:39,880 --> 00:33:42,440 Speaker 1: more than twenty seven under journalist and analysts in more 595 00:33:42,480 --> 00:33:45,440 Speaker 1: than a d twenty countries. Michael bar this is Bloomberg, 596 00:33:45,520 --> 00:33:48,400 Speaker 1: John Michael, thank you it. He is five forty nine 597 00:33:48,440 --> 00:33:50,440 Speaker 1: on Wall Street. We're live from the Bloomberg in Trant 598 00:33:50,480 --> 00:33:53,520 Speaker 1: and Broke of Studios. President Biden says rushes he is 599 00:33:53,600 --> 00:33:56,400 Speaker 1: of a hypersonic missile against Ukraine. Is a signed President 600 00:33:56,480 --> 00:34:00,040 Speaker 1: Vladimir Putin is growing desperate, also warning about new of 601 00:34:00,120 --> 00:34:03,240 Speaker 1: occasions of cyber attacks. We are joined live now by 602 00:34:03,320 --> 00:34:06,840 Speaker 1: Joe Matthew, host of Bloomberg sound Bomb, with everything going 603 00:34:06,920 --> 00:34:10,120 Speaker 1: on in Washington this morning. Joe, what what exactly is 604 00:34:10,200 --> 00:34:14,120 Speaker 1: the President saying, and is he preparing us for things 605 00:34:14,160 --> 00:34:18,239 Speaker 1: to get worse? Evolving intelligence is the term that we 606 00:34:18,360 --> 00:34:20,680 Speaker 1: heard in the White House briefing room yesterday by the 607 00:34:21,000 --> 00:34:25,800 Speaker 1: Deputy National Security Advisor for cyber and new Burger, talking 608 00:34:25,840 --> 00:34:29,960 Speaker 1: about a cyber attack not on Ukraine but on the US. 609 00:34:30,280 --> 00:34:33,160 Speaker 1: And this is a little bit of a different wrinkle here, 610 00:34:33,760 --> 00:34:36,560 Speaker 1: as we've been very concerned about Russia knocking the lights out, 611 00:34:36,640 --> 00:34:39,680 Speaker 1: taking out computer servers in places like Kiev, and that 612 00:34:39,760 --> 00:34:43,080 Speaker 1: could still happen, of course, but if Russia is about 613 00:34:43,160 --> 00:34:44,960 Speaker 1: to do something here in the United States, there are 614 00:34:44,960 --> 00:34:47,360 Speaker 1: a lot of questions about what our response would be. 615 00:34:47,560 --> 00:34:50,600 Speaker 1: And in lieu of that, White House has been briefing companies. 616 00:34:50,640 --> 00:34:53,320 Speaker 1: We understand the federal government, according to Bloomberg's reporting, is 617 00:34:53,360 --> 00:34:56,200 Speaker 1: briefed about a hundred companies on this to harden their 618 00:34:56,239 --> 00:34:59,720 Speaker 1: defenses immediately. And I'll tell you you might be surprised 619 00:34:59,719 --> 00:35:01,680 Speaker 1: by of the stuff we're talking about here. It's real. 620 00:35:01,920 --> 00:35:04,759 Speaker 1: It's pretty basic, like double authentication like you might even 621 00:35:04,800 --> 00:35:08,520 Speaker 1: have for your own email, encrypting sensitive data. You do 622 00:35:08,680 --> 00:35:11,120 Speaker 1: get the sense, based on the direction that we're hearing 623 00:35:11,200 --> 00:35:13,160 Speaker 1: from the White House that a lot of these companies 624 00:35:13,160 --> 00:35:16,520 Speaker 1: are simply not prepared for something like this to happen. 625 00:35:16,719 --> 00:35:20,640 Speaker 1: So I should change my passwor from JT one to three. Yeah, 626 00:35:20,680 --> 00:35:23,640 Speaker 1: the ABC one two three thing. Apparently you're not alone. 627 00:35:23,680 --> 00:35:26,959 Speaker 1: These are major Fortune five hundred companies playing the same games. 628 00:35:27,040 --> 00:35:31,080 Speaker 1: And he's also the president commenting about the desperation that 629 00:35:31,280 --> 00:35:34,239 Speaker 1: perhaps Vladimir Putina is being backed into a corner. Tell 630 00:35:34,360 --> 00:35:36,200 Speaker 1: us more about that. Well, you saw the use of 631 00:35:36,280 --> 00:35:39,040 Speaker 1: this hypersonic missile. Um there may have been a couple 632 00:35:39,120 --> 00:35:41,520 Speaker 1: of them, in fact that that has been confirmed by 633 00:35:41,520 --> 00:35:44,239 Speaker 1: the President spoke to the Business round table last night. 634 00:35:44,800 --> 00:35:48,400 Speaker 1: The idea here is that that we're entering an actual stalemate, 635 00:35:48,440 --> 00:35:51,120 Speaker 1: which is remarkable considering the fact that Russia thought they 636 00:35:51,160 --> 00:35:54,920 Speaker 1: would smoke Ukraine in a matter of days. Uh Now, 637 00:35:55,200 --> 00:35:57,719 Speaker 1: on the one hand, that sounds like great Ukraine's doing 638 00:35:57,760 --> 00:36:00,279 Speaker 1: a good job defending itself. But as Stale made in 639 00:36:00,360 --> 00:36:05,720 Speaker 1: this case, is actually very difficult to conceive getting bogged 640 00:36:05,760 --> 00:36:10,840 Speaker 1: down World War One style and just continuously bombing civilian areas. 641 00:36:10,960 --> 00:36:14,479 Speaker 1: That's what the Russian strategy would be, and in doing 642 00:36:14,560 --> 00:36:17,920 Speaker 1: it from a greater distance. These hypersonic missiles, much like 643 00:36:18,040 --> 00:36:21,200 Speaker 1: the cruise missiles that were used before, would suggest that 644 00:36:21,360 --> 00:36:24,719 Speaker 1: Russia is bogged down on the ground in Ukraine and 645 00:36:24,840 --> 00:36:29,239 Speaker 1: using longer range, much more destructive weapons to deal with 646 00:36:29,480 --> 00:36:32,360 Speaker 1: the situation at hand here. This is very concerning, and 647 00:36:32,440 --> 00:36:36,160 Speaker 1: this is why President Zelenski, It's why the Ukrainian military 648 00:36:36,320 --> 00:36:38,640 Speaker 1: is begging for help to close the skies as they 649 00:36:38,719 --> 00:36:41,399 Speaker 1: call it, because these are the actual weapons that are 650 00:36:41,440 --> 00:36:45,160 Speaker 1: doing enormous damage inside the country. Are Republicans and Democrats 651 00:36:45,680 --> 00:36:48,600 Speaker 1: kind of maybe on the same page on the war 652 00:36:48,680 --> 00:36:51,960 Speaker 1: in Ukraine they are in in terms of not establishing 653 00:36:52,040 --> 00:36:54,799 Speaker 1: a no fly zone, they get to be mixed up 654 00:36:54,840 --> 00:36:57,160 Speaker 1: when it comes to providing fighter jets. We talked about 655 00:36:57,640 --> 00:36:59,239 Speaker 1: and have been for a couple of weeks now. These 656 00:37:00,040 --> 00:37:03,560 Speaker 1: jets that Poland offered to Ukraine, and President Zelenski was 657 00:37:04,320 --> 00:37:06,440 Speaker 1: was almost begging for them a couple of weeks ago, 658 00:37:06,640 --> 00:37:09,880 Speaker 1: still hasn't happened due to a lot of complicated issues, 659 00:37:09,880 --> 00:37:15,239 Speaker 1: including the US, you know, being concerned about escalating this conflict. 660 00:37:15,400 --> 00:37:18,719 Speaker 1: Republicans are now demanding that the White House provide those jets, 661 00:37:18,760 --> 00:37:21,359 Speaker 1: and some Democrats are too. I will tell you as 662 00:37:21,400 --> 00:37:23,760 Speaker 1: well that they're working on a sanctions package in the Senate. 663 00:37:24,080 --> 00:37:27,280 Speaker 1: The House already passed its version of this to codify 664 00:37:27,360 --> 00:37:31,520 Speaker 1: what the President called for in removing permanent trade status 665 00:37:31,800 --> 00:37:34,720 Speaker 1: from Russia. That still has not been done in the Senate. 666 00:37:34,800 --> 00:37:37,319 Speaker 1: And there kind of chewing on this here to see 667 00:37:37,360 --> 00:37:39,560 Speaker 1: if it should also include a ban on Russian gas 668 00:37:39,640 --> 00:37:41,640 Speaker 1: and oil, even though the President has done that already. 669 00:37:41,680 --> 00:37:43,200 Speaker 1: But we could have a deal there by the end 670 00:37:43,200 --> 00:37:45,480 Speaker 1: of the week. Okay, the hearing is for Judge Jackson. 671 00:37:45,520 --> 00:37:49,120 Speaker 1: Are they gonna get the kind of nasty today? Is 672 00:37:49,239 --> 00:37:51,680 Speaker 1: this is the day? Yeah? Yesterday was about the formalities 673 00:37:51,719 --> 00:37:54,920 Speaker 1: and the introductions, and the Republican members of the Judiciary 674 00:37:54,960 --> 00:37:57,359 Speaker 1: Committee gave us a sense of where they're gonna go here, 675 00:37:57,760 --> 00:38:00,719 Speaker 1: trying to paint Jackson is soft on crime. They're going 676 00:38:00,760 --> 00:38:04,200 Speaker 1: to question her rulings on child pornography cases, on defending 677 00:38:05,280 --> 00:38:08,200 Speaker 1: detainees at Quantanamo Bay. There are twenty two members of 678 00:38:08,239 --> 00:38:11,399 Speaker 1: the panel. They each get fifty minutes, so this will 679 00:38:11,440 --> 00:38:15,600 Speaker 1: be a marathon session today and will likely lead into tomorrow. 680 00:38:15,719 --> 00:38:17,919 Speaker 1: It is still expected that she will be confirmed, even 681 00:38:17,960 --> 00:38:21,960 Speaker 1: if it's on party lines. Should make for some good listening. 682 00:38:22,080 --> 00:38:25,720 Speaker 1: Joe Matthews has Bloomberg Sound on herd weekdays of five pm. 683 00:38:25,840 --> 00:38:29,680 Speaker 1: Right here on Bloomberg Radio. Nathan Okay, John, thanks for 684 00:38:29,760 --> 00:38:32,560 Speaker 1: coming up to five fifty four on Wall Street. It's 685 00:38:32,640 --> 00:38:35,000 Speaker 1: time for our Bloomberg Law Report. Let's get to the 686 00:38:35,080 --> 00:38:37,880 Speaker 1: legal stories we're watching this morning with Bloomberg's Jeff Llinger. 687 00:38:41,239 --> 00:38:43,879 Speaker 1: Hops is being sued in the Southern District of New York, 688 00:38:43,960 --> 00:38:46,959 Speaker 1: accused of running an unlawful lottery. The company says every 689 00:38:47,000 --> 00:38:49,560 Speaker 1: pack of its trading cards includes a code that can 690 00:38:49,600 --> 00:38:52,200 Speaker 1: be used to win a valuable card. The District of 691 00:38:52,239 --> 00:38:55,320 Speaker 1: New Jersey rule that a suit accusing Geico of underpaying 692 00:38:55,400 --> 00:38:58,759 Speaker 1: policy holders for total vehicles will move forward as a 693 00:38:58,840 --> 00:39:01,400 Speaker 1: class action. A feder old judge in Ohio ruled the 694 00:39:01,480 --> 00:39:04,680 Speaker 1: Defense Department may have retaliated against the work group who 695 00:39:04,719 --> 00:39:07,960 Speaker 1: had complained about age bias. The agency decided not to 696 00:39:08,040 --> 00:39:11,719 Speaker 1: interview the worker for a position in another office. Bloomberg 697 00:39:11,840 --> 00:39:15,920 Speaker 1: Law everything you need, all on one legal research platform, 698 00:39:16,120 --> 00:39:20,719 Speaker 1: including guidance analysis and Bloomberg Market Intelligence. Find out more 699 00:39:20,800 --> 00:39:24,600 Speaker 1: at Bloomberg Law dot com. Now, the big legal story 700 00:39:24,640 --> 00:39:27,400 Speaker 1: we're watching today is day two of the historic confirmation 701 00:39:27,520 --> 00:39:31,320 Speaker 1: hearings for Judge Katangi Brown Jackson. If confirmed by the 702 00:39:31,400 --> 00:39:33,759 Speaker 1: Senate Judiciary Committee. She would be the first black woman 703 00:39:33,840 --> 00:39:36,439 Speaker 1: to sit on the Supreme Court. Today, the first round 704 00:39:36,480 --> 00:39:40,520 Speaker 1: of questioning by senators begins at nine am Wall Street Time, 705 00:39:40,600 --> 00:39:43,800 Speaker 1: and for more, Bloomberg's June Grosso speaks with John Michael's 706 00:39:43,840 --> 00:39:47,080 Speaker 1: professor at u c l A Law school. The Republicans 707 00:39:47,680 --> 00:39:51,360 Speaker 1: seem to be ready to attack or as being soft 708 00:39:51,480 --> 00:39:54,479 Speaker 1: on crime. We heard this from Mitch McConnell last week. 709 00:39:54,680 --> 00:39:57,680 Speaker 1: You know we're hearing it again in the Republicans opening statements. 710 00:39:58,120 --> 00:40:01,600 Speaker 1: There are some schirlets attacks have been raised against her 711 00:40:01,760 --> 00:40:07,160 Speaker 1: that have framed her as being sympathetic or enabling a pedophilia, 712 00:40:07,520 --> 00:40:11,200 Speaker 1: or being soft on terrorism. Those are claims that are 713 00:40:11,440 --> 00:40:14,840 Speaker 1: incredibly biting when they turn into sound bite, but have 714 00:40:15,600 --> 00:40:19,480 Speaker 1: very little context or against substantiation behind them. So I 715 00:40:19,600 --> 00:40:22,200 Speaker 1: find it deeply troubling the way in which it's been 716 00:40:22,360 --> 00:40:25,080 Speaker 1: kind of martial or weaponized in this fashion. I will 717 00:40:25,120 --> 00:40:28,839 Speaker 1: say that that the fact that Judge Jackson served as 718 00:40:28,880 --> 00:40:31,799 Speaker 1: a federal public defenders should be considered as a real 719 00:40:31,960 --> 00:40:35,040 Speaker 1: virtue for a court that hasn't had someone who has 720 00:40:35,120 --> 00:40:38,959 Speaker 1: that professional experience, that life experience in quite a long time, 721 00:40:39,080 --> 00:40:42,520 Speaker 1: in decades in fact, so the idea that the court 722 00:40:42,760 --> 00:40:48,080 Speaker 1: should have a breath of legal and professional experience that 723 00:40:48,280 --> 00:40:52,840 Speaker 1: informs their work strikes me as an unalloyed good, and 724 00:40:52,920 --> 00:40:56,280 Speaker 1: the notion of being soft or hard on crime without 725 00:40:56,400 --> 00:41:00,000 Speaker 1: context is really just an attempt to undermine her credibility. 726 00:41:00,040 --> 00:41:03,440 Speaker 1: The suggested she's somehow not a responsible member of the 727 00:41:03,560 --> 00:41:07,320 Speaker 1: legal community, which again has no substantiation. Are you fairly 728 00:41:07,440 --> 00:41:13,480 Speaker 1: confident that unless something unexpected happens, she'll be confirmed? I 729 00:41:13,520 --> 00:41:16,279 Speaker 1: would like to say I'm pretty confident, because I'm enthusiastic 730 00:41:16,360 --> 00:41:19,400 Speaker 1: about her candidacy, But I think I've measured in my 731 00:41:19,800 --> 00:41:22,960 Speaker 1: optimism only because we have a long process to go, 732 00:41:23,360 --> 00:41:25,600 Speaker 1: and it seems like there is not a lot of 733 00:41:25,800 --> 00:41:29,520 Speaker 1: bipartisan support, that there's a lot of extra votes lying 734 00:41:29,600 --> 00:41:32,520 Speaker 1: around for Judge Jackson to pick up, and this may 735 00:41:32,640 --> 00:41:35,880 Speaker 1: turn into a vote where the Vice President has to 736 00:41:35,920 --> 00:41:38,319 Speaker 1: break the tie, and so it's hard to tell at 737 00:41:38,360 --> 00:41:42,640 Speaker 1: this point. Republicans don't seem particularly enthusiastic, notwithstanding that many 738 00:41:42,680 --> 00:41:45,600 Speaker 1: of them have voted to confirm her for other positions 739 00:41:45,680 --> 00:41:48,880 Speaker 1: of incredible influence and trust. That's u c l A 740 00:41:48,960 --> 00:41:52,480 Speaker 1: Law professor John Michael, speaking with Bloomberg's June Gronzo. You 741 00:41:52,520 --> 00:41:54,840 Speaker 1: can catch more of that interview plus analysis of the 742 00:41:54,920 --> 00:41:57,759 Speaker 1: latest legal news by listening to the Bloomberg Lawn Show 743 00:41:57,800 --> 00:42:00,759 Speaker 1: at ten pm Eastern Time, or by subscribing to the 744 00:42:00,800 --> 00:42:05,080 Speaker 1: Bloomberg Law Podcast. And attorneys can find exceptional legal research 745 00:42:05,400 --> 00:42:10,440 Speaker 1: and business development tools at Bloomberg Law dot com. Checking 746 00:42:10,600 --> 00:42:12,799 Speaker 1: futures ahead of the market open on this Tuesday morning, 747 00:42:12,840 --> 00:42:15,719 Speaker 1: they are moving higher, with SMP futures up fourteen point, 748 00:42:15,800 --> 00:42:18,480 Speaker 1: Style features up a hundred thirty five, Nasdaq futures up 749 00:42:18,600 --> 00:42:22,400 Speaker 1: forty six points. The tenure Treasury is down fifteen thirty seconds, 750 00:42:22,719 --> 00:42:25,080 Speaker 1: the yield two point three four percent, yield on the 751 00:42:25,160 --> 00:42:27,520 Speaker 1: two year right now two point one eight percent, and 752 00:42:27,560 --> 00:42:29,920 Speaker 1: i'm x crewed down two point two percent, down two 753 00:42:29,960 --> 00:42:32,440 Speaker 1: dollars forty nine cents at a hundred nine sixty three 754 00:42:32,480 --> 00:42:34,880 Speaker 1: a barrel call mex s goll down two tenths per 755 00:42:34,920 --> 00:42:37,280 Speaker 1: cent or four dollars ten cents at nineteen thirty seventy 756 00:42:37,320 --> 00:42:41,120 Speaker 1: and ounce the euro one point one I'm sorry one 757 00:42:41,200 --> 00:42:44,560 Speaker 1: point zero nine nine six now against the dollar. Bloomberg 758 00:42:44,600 --> 00:42:47,799 Speaker 1: Day Break continues. This is Bloomberg, Good Morning,