WEBVTT - Bloomberg Daybreak: April 13, 2022 - Hour 1 (Radio) 0:00:02.759 --> 0:00:04.880 It's five oh seven on Wall Street where fifty six 0:00:04.880 --> 0:00:07.800 degrees in Central Park. Of course, we're really following subway 0:00:07.920 --> 0:00:12.039 traffic as the search goes on for the shooter in Brooklyn. 0:00:12.160 --> 0:00:14.240 Michael Barr is back with us with more on that 0:00:14.400 --> 0:00:16.920 and what else is happening in New York. Michael's Good morning, 0:00:16.960 --> 0:00:20.840 Good morning, Nathan. Reaction and information continue from yesterday's mass 0:00:20.880 --> 0:00:23.840 shooting on a Brooklyn subway. They had left ten people shot. 0:00:24.400 --> 0:00:26.639 This man was one of the victims. You see like 0:00:26.680 --> 0:00:29.960 a smoke, black smoke bomb going off and then and 0:00:30.000 --> 0:00:32.560 then people bomb rushing to the back. This pregnant woman 0:00:32.640 --> 0:00:34.040 was in front of me. I was trying a helper. 0:00:34.120 --> 0:00:36.080 I didn't know they were shots at first. I just 0:00:36.080 --> 0:00:38.960 thought it was a black smoke bomb. New York City 0:00:38.960 --> 0:00:42.680 Police Commissioner Keeachin Sewell the suspect is a dark skinned 0:00:42.680 --> 0:00:46.000 male and was wearing a neon orange vest and a 0:00:46.040 --> 0:00:50.120 gray colored sweatshirt. We do have a person of interest 0:00:50.200 --> 0:00:53.640 in this investigation. Commissioner Sewell says he has identified as 0:00:53.680 --> 0:00:57.200 sixty two year old Frank James. A motive remains unclear. 0:00:57.480 --> 0:01:00.040 New York City Mayor Eric Adams says the city is 0:01:00.080 --> 0:01:03.560 working to ensure the safety of subway writers. Immediately, We're 0:01:03.600 --> 0:01:06.560 going to double down on our patrol strinth. If I 0:01:06.680 --> 0:01:09.840 was not here coming from COVID, I would be on 0:01:09.880 --> 0:01:12.360 that subway system today because I think I said, Mayor, 0:01:12.360 --> 0:01:15.680 you have to leave from the front. Adams will speak 0:01:15.720 --> 0:01:19.319 to Bloomberg at am All Street time. New York Governor 0:01:19.360 --> 0:01:21.840 Kathy hokel agrees with many of Adams and calling for 0:01:21.840 --> 0:01:24.280 an end to gun violence. The last time there was 0:01:24.319 --> 0:01:29.880 a mess shooting on our subway system, I believe, so 0:01:30.080 --> 0:01:32.200 I don't want to act as if treated to a 0:01:32.319 --> 0:01:34.959 normal experience on our subway. This is a rarity, but 0:01:35.200 --> 0:01:38.480 one instant like this is one too many. President Biden 0:01:38.520 --> 0:01:41.080 echoed what Governor Hocal said, Joe and I and my 0:01:41.120 --> 0:01:42.800 wife Jill and I are praying for those who are 0:01:42.840 --> 0:01:46.200 injured in all those touched by that trauma. We're grateful 0:01:46.240 --> 0:01:49.080 for all the first responders who jumped into action, including 0:01:49.120 --> 0:01:53.480 Suvenians suvenions who didn't hesitate to healthy fellow passenger and 0:01:53.520 --> 0:01:56.080 try to shoot them. President Biden's as his team has 0:01:56.120 --> 0:01:58.480 been in touch with the Mayor, Adams, the NYPD, the 0:01:58.520 --> 0:02:01.920 Department of Justice, and the f behind the investigation. New 0:02:01.960 --> 0:02:06.320 York Lieutenant Governor Brian Benjamin has been resigned and the 0:02:06.320 --> 0:02:10.520 wake of his arrest in a federal corruption investigation. Benjamin, 0:02:10.520 --> 0:02:13.480 a Democrat, was accused in an indictment of participating in 0:02:13.480 --> 0:02:16.880 the scheme to obtain campaign contributions from a real estate 0:02:16.919 --> 0:02:21.440 developer when he was a state senator. British opposition politicians 0:02:21.440 --> 0:02:24.640 are again calling on UK Prime Minister Boris Johnson to resign. 0:02:24.960 --> 0:02:27.839 Police are finding the Prime Minister for breaking his own 0:02:27.919 --> 0:02:31.679 lockdown laws. On COVID Global News twenty four hours a 0:02:31.760 --> 0:02:34.520 day on air and on Bloomberg Quick Take, powered by 0:02:34.520 --> 0:02:36.600 more than twenty seven hundred journalists analysts more than a 0:02:36.680 --> 0:02:40.000 hundred twenty countries. I'm Michael Barr. This is Bloomberg Nathan time. Michael, 0:02:40.000 --> 0:02:46.280 thank you almost five ten of all street time for 0:02:46.280 --> 0:02:48.680 the Bloomberg Sports I think one', John stash Our Lord 0:02:48.720 --> 0:02:51.280 and Nathan on what was obviously a very harrowing morning 0:02:51.440 --> 0:02:53.720 in Brooklyn. The day ended with an NBA play in 0:02:53.840 --> 0:02:56.640 game at the Barkleys Center and a victory for the Nets. 0:02:57.400 --> 0:03:00.880 Reabout affected Lewis Trow's got it again out to Irving Left. Wait, 0:03:00.960 --> 0:03:07.400 here's the three YT's go the Kyrie. He still hasn't missed. Hey, Cleveland, 0:03:07.480 --> 0:03:10.120 need's a time out. It's match their largest lead in 0:03:10.160 --> 0:03:14.040 the game, gets sixty seven of the Cat's forty seven. 0:03:14.520 --> 0:03:17.519 Kyrie is ten for ten. Had to call Kyrie Irby, 0:03:17.560 --> 0:03:19.720 we're going to make his first twelve shots. He scored 0:03:19.760 --> 0:03:22.320 thirty four points. Kevin Duran had twenty five nets. Never 0:03:22.360 --> 0:03:25.280 trailed being Cleveland one one oh eight and now it's 0:03:25.320 --> 0:03:27.760 on the Boston. Game one of the playoff series with 0:03:27.800 --> 0:03:31.200 the Celtics. Sunday afternoon. Minnesota won the playing game in 0:03:31.240 --> 0:03:33.600 the West over the Hilly Cliffords the Rangers at the Garden. 0:03:33.600 --> 0:03:35.680 We're hoping to knock offf Carolina move into a time 0:03:35.720 --> 0:03:38.960 for first and the Metropolitan Division. Didn't happen. Hurricanes with 0:03:39.040 --> 0:03:41.200 three in the third, one four two and now lead 0:03:41.440 --> 0:03:43.839 by four points. Chris Cryder did score a late goal 0:03:43.880 --> 0:03:46.560 for the Rangers, became the fourth and team history to 0:03:46.640 --> 0:03:49.760 score fifty in season. Islanders beat the Penguins by four. 0:03:49.840 --> 0:03:53.080 Devils won six to in Arizona. Shutout wins for the 0:03:53.120 --> 0:03:55.720 Mets and Yankees. The Mets to nothing in Philadelphia as 0:03:55.800 --> 0:03:59.520 Tyler and McGill turned in his second brilliant Auty McGillis 0:03:59.520 --> 0:04:01.880 two and oh as yet to lower run and over 0:04:01.920 --> 0:04:04.200 at tendings on the mound at the stadium. Yankees over 0:04:04.240 --> 0:04:07.120 Toronto for not being Estra Courtis didn't finish the fifth inting, 0:04:07.200 --> 0:04:08.680 so we couldn't get credit for the wind, but he 0:04:08.720 --> 0:04:12.800 was outstanding. Followed by four relievers together, Yankee pitchers allowed 0:04:12.840 --> 0:04:15.120 only five hits struck out Tenna did not welcome batter 0:04:15.120 --> 0:04:18.119 Aaron Hickson a two run homer. Garrett Cole starts tonight. 0:04:18.200 --> 0:04:20.000 Ma back Scherzer will be on the mount of the 0:04:20.080 --> 0:04:22.920 day game for the Mets in Phillip Johns dash that 0:04:23.040 --> 0:04:26.279 Bloomberg's Oh, that'll be fun. Thanks John red Headline cross 0:04:26.320 --> 0:04:28.800 the Bloomberg terminal moments to go, Perhaps a vote of 0:04:28.839 --> 0:04:32.000 confidence for the return to office. Google plans to invest 0:04:32.080 --> 0:04:34.960 nine and a half billion dollars US offices and data 0:04:35.000 --> 0:04:38.760 centers in two and also plans to create at least 0:04:38.760 --> 0:04:41.520 twelve thousand new full time jobs by the end of 0:04:41.560 --> 0:04:48.520 the year. You're listening to Bloomberg daybreak Bloomberg eleven three 0:04:48.520 --> 0:04:50.840 oh Weather turning mostly cloudy with a high near seventy today, 0:04:50.880 --> 0:04:54.200 scattered showers chance for late day, thunderstorm tomorrow, highs near eighty. 0:04:54.480 --> 0:04:57.479 We'll be back in the mid sixties, mostly sunny by Friday. 0:04:57.560 --> 0:05:03.279 Right now fifty six in Central Park markets, headlines and 0:05:03.400 --> 0:05:06.680 breaking news twenty four hours a day at Bloomberg dot Com, 0:05:06.800 --> 0:05:10.320 the Bloomberg Business at and at Bloomberg Quick Tape. He's 0:05:10.360 --> 0:05:19.560 a Bloomberg Business Flash and I'm Karen Moscow and us 0:05:19.600 --> 0:05:22.280 knock Index. Future is moving higher this morning. Bonds are 0:05:22.360 --> 0:05:25.440 falling as investors way inflation risks against the start of 0:05:25.440 --> 0:05:28.440 the earning season. Check the markets every fifteen minutes throughout 0:05:28.480 --> 0:05:30.640 the trading day. On Bloomberg U S and P Future 0:05:30.680 --> 0:05:32.760 is up twenty seven points down Future is up a 0:05:32.839 --> 0:05:36.080 hundred seventy two and NASDAG Future is up a hundred fifteen. 0:05:36.120 --> 0:05:39.040 The decks in Germany's down four tenths of Upper set ten. 0:05:39.120 --> 0:05:41.840 Your Treasury down n thirty seconds held two point seven 0:05:41.920 --> 0:05:44.120 five percent. They yield on the two year two point 0:05:44.160 --> 0:05:47.000 four one percent. Nim X screwde oil is up four 0:05:47.040 --> 0:05:49.440 tenths percent, or thirty eight cents at a hundred dollars 0:05:49.800 --> 0:05:52.320 and ninety nine cents of barrel comex School There's up 0:05:52.360 --> 0:05:54.320 a tenth of Upper cent or two dollars fifty cents 0:05:54.360 --> 0:05:57.440 in nineteen seventy eight sixty an ounce the euro one 0:05:57.440 --> 0:05:59.920 point eight to nine against the dollar British pound one 0:06:00.000 --> 0:06:02.440 point three zero zero two and they get at one 0:06:02.440 --> 0:06:05.320 twenty six point one seven. Bitcoin is higher up on 0:06:05.440 --> 0:06:09.560 and a half percent at forty thousand, one d twenty dollars. 0:06:09.960 --> 0:06:12.640 And today we're looking for another report on inflation with 0:06:12.680 --> 0:06:15.880 the producer price. And next Saturday thirty Wall Street Time, JP, 0:06:16.000 --> 0:06:18.760 Morgan Chase, black Rock and Delta I'M companies schedule to 0:06:18.800 --> 0:06:22.000 report earnings today. That's a Bloomberg business flash. Now here's 0:06:22.040 --> 0:06:25.040 Michael Barrow with Moore on what's going on around the world. Muchael, 0:06:25.040 --> 0:06:28.040 good morning, Good morning Karen. The Biden administration is preparing 0:06:28.240 --> 0:06:31.839 a military assistance package of roughly seven hundred fifty million 0:06:31.880 --> 0:06:35.719 dollars for Ukraine and his battles against Russian invaders. People 0:06:35.720 --> 0:06:37.920 familiar with the matter said the types of weapons and 0:06:37.920 --> 0:06:41.080 the package are still being discussed. The New York City 0:06:41.080 --> 0:06:44.440 Police say the gunmen in yesterday's subway shooting in Brooklyn 0:06:44.520 --> 0:06:46.719 is still on the loose. Police are looking for a 0:06:46.760 --> 0:06:49.359 person of interest in the NBA. The NETS beat the 0:06:49.400 --> 0:06:52.360 Calves in the Eastern Conference, playing an opener. Brooklyn now 0:06:52.400 --> 0:06:56.360 faces the Celtics on Sunday. In MLB, the Yankees Mets 0:06:56.440 --> 0:06:59.640 Red Sox one. The Giants also one and made history. 0:07:00.320 --> 0:07:03.200 Lissa Nakin became the first female coach on the field 0:07:03.200 --> 0:07:05.800 and the regular season game after the original first base 0:07:05.880 --> 0:07:09.520 coach was ejected. The Nationals Orioles and As lost in 0:07:09.560 --> 0:07:12.280 the NHL, the Islanders wanting to shootout with the Penguins 0:07:12.320 --> 0:07:16.080 five four, the Rangers lost, Devils and Capitals one. Global 0:07:16.080 --> 0:07:18.320 News twenty four hours a day on here and on 0:07:18.400 --> 0:07:21.960 Bloomberg Quicktake, powered by more than twenty seven hundred journalists 0:07:21.960 --> 0:07:24.160 and analysts more than a hundred twenty countries. Ow Michael 0:07:24.200 --> 0:07:26.480 bar this is Bloomberg. Alright, Michael, thank you. It is 0:07:26.640 --> 0:07:28.920 uh five nineteen on Wall Street, Live from the Bloomberg 0:07:28.960 --> 0:07:32.320 Intractive Brokers Studios. This is Bloomberg Daybreak. We want to 0:07:32.360 --> 0:07:35.200 go right now to Gregg Valier, chief US policy strategist 0:07:35.200 --> 0:07:37.840 at a GF Investments. Lots to get to with you, 0:07:37.880 --> 0:07:39.720 Greg this morning, not the least of which is a 0:07:39.840 --> 0:07:45.240 subway attack in Brooklyn. The search still ongoing for the suspect. 0:07:45.280 --> 0:07:47.600 We're actually gonna be speaking with New York City Mayor 0:07:47.760 --> 0:07:51.560 Eric Adams on Bloomberg Radio and Television later on this morning. 0:07:52.000 --> 0:07:56.160 Is there a political dimension to this attack given the 0:07:56.280 --> 0:07:58.920 rise in violent crime we've seen in many cities and 0:07:59.280 --> 0:08:06.080 Congress seem le uh having difficulties acting on violent crime. Yeah, 0:08:06.080 --> 0:08:08.520 I think it's a factor. Nathan, Good morning. I think 0:08:08.600 --> 0:08:12.440 that everything, of course in Washington is politicized. That's the 0:08:12.520 --> 0:08:16.560 nature of this city. And with crime statistics looking really 0:08:16.720 --> 0:08:20.680 horrible in New York City, crime statistics getting worse, it's 0:08:20.680 --> 0:08:23.120 a political factor. I mean, Biden has a lot to 0:08:23.160 --> 0:08:29.840 worry about, illegal immigration Ukraine Hunter. Biden a long, long 0:08:29.920 --> 0:08:32.400 list of things to him to be concerned about, and 0:08:32.400 --> 0:08:34.920 I would have to say crime is high on the list. 0:08:35.160 --> 0:08:39.199 How would you expect President Biden to react to this 0:08:39.320 --> 0:08:42.400 incident in New York City? We had the announcement just 0:08:42.640 --> 0:08:46.560 this week on ghost guns. Is there more that the 0:08:46.600 --> 0:08:49.480 President can or should be doing to respond to this? 0:08:50.040 --> 0:08:52.240 There's not a lot. But at the same time, he 0:08:52.320 --> 0:08:56.680 has to refute the idea that Democrats are soft on crime, 0:08:56.880 --> 0:08:59.840 wanted to fund the police. That's not really quite fair. 0:09:00.040 --> 0:09:02.679 Not the politics is ever fair, But I don't think 0:09:02.720 --> 0:09:05.800 Biden has ever embraced defund the police. He's got to 0:09:05.880 --> 0:09:08.240 make a stronger case that he wants to spend more 0:09:08.840 --> 0:09:12.320 fun police. And we've seen a strong statement, certainly the 0:09:12.360 --> 0:09:14.960 strongest yet from President Biden when it comes to the 0:09:14.960 --> 0:09:19.920 war in Ukraine now labeling Russia's actions, particularly in northern 0:09:20.040 --> 0:09:25.280 Ukraine a genocide. Why the shift, Well, the facts. I mean, 0:09:25.320 --> 0:09:28.880 they're finding so many bodies, people who have been tortured 0:09:29.000 --> 0:09:31.320 and killed. I mean, just when you think this couldn't 0:09:31.360 --> 0:09:35.679 get any more depressing, you hear Putin yesterday totally rejecting 0:09:35.720 --> 0:09:39.840 any any possibility of negotiation, saying he's going to fight 0:09:39.920 --> 0:09:44.160 on and you see these these atrocities continuing. I do 0:09:44.320 --> 0:09:47.760 worry that the next phase that's now beginning on flat 0:09:47.800 --> 0:09:51.040 ground is different from a phase that would be guerilla 0:09:51.080 --> 0:09:54.000 warfare in the hills. And I do think the next 0:09:54.040 --> 0:09:57.600 couple of weeks could be uh unnerving for the rest 0:09:57.640 --> 0:10:01.959 of the world seeing the Russian troops continue to advance. Yeah, 0:10:02.080 --> 0:10:04.719 certainly the images out of Bouscha at other cities in 0:10:04.800 --> 0:10:07.720 northern Ukraine have been horrifying, and now we have these 0:10:07.840 --> 0:10:14.880 unverified claims of chemical potential strikes in Mariopol. But the 0:10:14.920 --> 0:10:18.440 President in the past has been reticent to use the 0:10:18.440 --> 0:10:22.840 word genocide. He's called it war crimes. Is this a 0:10:22.960 --> 0:10:25.319 label that the White House is going to back up. 0:10:26.440 --> 0:10:30.199 I think they're gonna send a lot more sophisticated arms, Nathan. 0:10:30.600 --> 0:10:34.600 I think there will be even tougher sanctions. But it's 0:10:34.679 --> 0:10:37.120 it's awfully hard to see how that's gonna stop a 0:10:37.280 --> 0:10:40.880 Russian advanced The idea that the US could retaliate with 0:10:41.120 --> 0:10:45.600 chemical weapons or even send troops into Ukraine is out 0:10:45.600 --> 0:10:48.160 of the question. I don't see that happening. Well, what 0:10:48.280 --> 0:10:52.240 kind of military assistance do you expect that we will 0:10:52.320 --> 0:10:55.640 see from the White House and the Pentagon. We've heard 0:10:55.679 --> 0:10:59.000 reports that there's gonna be another surge of seven fifty 0:10:59.040 --> 0:11:02.000 million dollars in equipment, but we've all heard from President 0:11:02.040 --> 0:11:04.480 Zelinski what he's really looking for, what he has been 0:11:04.520 --> 0:11:08.559 looking for for weeks now. Is it no fly zone 0:11:08.800 --> 0:11:11.200 at least fighter jets. Do you think it goes to 0:11:11.240 --> 0:11:15.640 that point? Fighter jets? Maybe no fly zone I think 0:11:15.679 --> 0:11:19.400 would be really provocative. I wouldn't see that. Also, I'd 0:11:19.480 --> 0:11:21.760 like to see that some of our allies talk a 0:11:21.760 --> 0:11:25.880 little tougher or do things tougher Germany in particular, good 0:11:25.920 --> 0:11:28.560 story on that and this morning's New York Times. In 0:11:28.640 --> 0:11:32.120 countries like India or even Israel that haven't shown the 0:11:32.160 --> 0:11:35.840 support one would expect, got about thirty seconds left here, Greg. 0:11:35.840 --> 0:11:38.480 We're expecting the presidents of Poland and the three Baltic 0:11:38.600 --> 0:11:40.400 states to go to Key of today, and we have, 0:11:40.520 --> 0:11:44.199 of course saw last weekend UK Prime Minister Boris Johnson 0:11:44.480 --> 0:11:46.360 head to the Ukraine capital as well. Do you think 0:11:46.360 --> 0:11:50.920 President Biden is or should go there at some point? 0:11:50.960 --> 0:11:54.040 He might. I don't think he's there yet, but looking 0:11:54.040 --> 0:11:56.000 out over the next few weeks, one of the big 0:11:56.040 --> 0:12:02.400 wild cards is much more blatant involvement by NATO. As always, 0:12:02.520 --> 0:12:04.840 Greg value great to get your insights. Thanks again for 0:12:04.840 --> 0:12:08.080 being with us, Greg Valuers, chief US policy strategist at 0:12:08.080 --> 0:12:12.240 a GF Investments. Right now, SMP futures are higher by 0:12:12.480 --> 0:12:15.120 twenty five point staff futures up a hundred sixty eight, 0:12:15.160 --> 0:12:18.480 NASTACK futures on the rise by a hundred nine points ten. 0:12:18.520 --> 0:12:21.760 Your treasuries down ten thirty seconds with a yield two 0:12:21.800 --> 0:12:24.880 point seven five almost two point seven six percent. The 0:12:24.920 --> 0:12:27.400 yield on the two year right now two point four 0:12:27.480 --> 0:12:30.520 one percent looking at nimex screwed back up a hundred 0:12:30.520 --> 0:12:33.480 dollars a barrel. Above that, up a quarter percent, up 0:12:33.480 --> 0:12:36.800 twenty five cents at a hundred dollars eighty four cents 0:12:36.920 --> 0:12:40.840 a barrel. Stay with us. You're listening to Bloomberg day Break. 0:12:47.280 --> 0:12:49.400 Bloomberg day Break brought to you by New Jersey Institute 0:12:49.400 --> 0:12:52.439 of Technology, ranked to top fifty national public university by 0:12:52.520 --> 0:12:54.640 US News and World Report and top ten for best 0:12:54.640 --> 0:12:57.400 career placement among public schools by the Princeton Review. More 0:12:57.440 --> 0:13:03.000 at n j I, T dot E d U broadcasting 0:13:03.080 --> 0:13:06.800 live from the Bloomberg Interactive Brokery Studio in New York, 0:13:06.880 --> 0:13:11.559 Bloomberg E Living free to Washington, d C. Bloomberg to Boston, 0:13:11.679 --> 0:13:15.080 Bloomberg one O six one to San Francisco, Bloomberg nine 0:13:15.160 --> 0:13:18.000 sixty to the country. Sirius XM had a one nine 0:13:18.000 --> 0:13:21.520 team and around the globe the Bloomberg business in Bloomberg 0:13:21.600 --> 0:13:30.520 Radio dot com. This is Bloomberg Daybreak. It's five thirty 0:13:30.559 --> 0:13:32.880 on Wall Street. Good morning. I'm Nathan Hagar and I'm 0:13:32.960 --> 0:13:35.400 Karen Moscow. Are just about four hours away from the 0:13:35.440 --> 0:13:37.280 open of US trading. Let's get you have to date 0:13:37.320 --> 0:13:38.840 in the news you need to know at this hour. 0:13:38.960 --> 0:13:41.640 The New York City Police Department has identified a person 0:13:41.720 --> 0:13:45.320 of interest in yesterday's subway shooting. Ten people were wounded 0:13:45.360 --> 0:13:48.320 and thirteen were injured in the attack, and YPD Chief 0:13:48.360 --> 0:13:51.079 James essex As officials are looking for sixty two year 0:13:51.120 --> 0:13:55.360 old Frank and James. We are endeavoring to locate him 0:13:55.400 --> 0:13:59.040 to determine his connection to the subway shooting if any. 0:13:59.400 --> 0:14:01.559 Chief Essay says James is a person of interest in 0:14:01.600 --> 0:14:03.800 the incident. More in the manhunt coming up shortly in 0:14:03.880 --> 0:14:06.199 local news. Meantime, in Washington, Carr in the US is 0:14:06.200 --> 0:14:08.880 preparing to send roughly seven hundred fifty million dollars in 0:14:08.960 --> 0:14:12.200 new military aid to Ukraine as it battles Russia. President 0:14:12.280 --> 0:14:15.640 Biden has some strong words for Russian President Vladimir Putin. 0:14:15.720 --> 0:14:18.480 Bloomberg said, Baxter has the latest. This is the first 0:14:18.559 --> 0:14:23.200 clear declaration without equivocation. I'd call the genocide because it's 0:14:23.240 --> 0:14:27.320 become clearer and clear. But prudeness is trying to wipe 0:14:27.360 --> 0:14:28.920 out the idea of hedn't be able to be in 0:14:29.000 --> 0:14:31.680 Ukrainian and says it affects the rest of the free 0:14:31.680 --> 0:14:34.400 world in a number of different ways. Your family budget, 0:14:34.480 --> 0:14:36.440 your ability to fill up your tank. None of us 0:14:36.440 --> 0:14:41.200 should hinge on whether a dictator Declaire's war commits genocide 0:14:41.680 --> 0:14:44.200 half the world away, the use of the words showing 0:14:44.200 --> 0:14:47.800 a major shift in verbiage. In San Francisco, I'm at 0:14:47.800 --> 0:14:50.400 Baxter Bloomberg daybreak, All right, thank you. Turning to the 0:14:50.400 --> 0:14:53.000 economy now, the Fed's keeping a close eye on inflation. 0:14:53.000 --> 0:14:55.520 As a couple of central bankers speak out about interest 0:14:55.600 --> 0:14:58.040 to rate. We get the latest life from Bloomberg's Ready 0:14:58.120 --> 0:15:00.440 to Young Good Morning, Ready to Good Morning, Karen's Lewis. 0:15:00.440 --> 0:15:03.280 FED President Jim Bullard tells the Financial Times that US 0:15:03.360 --> 0:15:05.920 monetary policy needs to be tightened to a point that 0:15:06.000 --> 0:15:09.880 it curtails economic growth or policy makers will risk their credibility. 0:15:10.120 --> 0:15:12.800 He supports a half a percentage point increase next month 0:15:13.000 --> 0:15:15.080 and says the rate should move up sharply after that. 0:15:15.520 --> 0:15:18.280 Richmond FED President Thomas Barkin says the Central Bank should 0:15:18.320 --> 0:15:21.600 raised interest rates to the neutral range as quickly as possible, 0:15:21.760 --> 0:15:24.920 and can move above that price if pressures continue. Live 0:15:24.960 --> 0:15:26.920 in New York, I'm gonna need a Young Bloomberg day 0:15:27.680 --> 0:15:31.240 Thanks on Wall Street Today, JP Morgan releases first quarter earnings. 0:15:31.280 --> 0:15:35.080 Bloomberg's Lisa Matteo has a preview. JP Morgan's performance will 0:15:35.120 --> 0:15:37.800 offer a first look at banking fees for the second quarter. 0:15:37.960 --> 0:15:41.840 Bloomberg Intelligence expects loan should be a strength, while seasonal 0:15:41.840 --> 0:15:44.840 weakness will likely drag on the credit card business. Will 0:15:44.880 --> 0:15:47.960 also be watching for JP Morgan's comments on client demand 0:15:48.160 --> 0:15:51.480 plus full year loan growth targets and economic risks, and 0:15:51.520 --> 0:15:54.560 he remarks from Jamie Diamond are short of garner attention 0:15:54.720 --> 0:15:58.280 that JP Morgan CEO will likely be asked about geopolitical 0:15:58.360 --> 0:16:02.120 risk and monetary policy the company's conference call in New York. 0:16:02.160 --> 0:16:05.520 I'm Lisa Matteio Bloomberg Daybreak. At least thank you, SMP 0:16:05.640 --> 0:16:07.840 Future is a twenty five points this morning and straight 0:16:07.880 --> 0:16:10.960 to hand your latest local headlines plus the check of sports. 0:16:11.640 --> 0:16:20.000 And this is Bloomberg. All right, Karen, Thanks, It's on 0:16:20.000 --> 0:16:22.320 Wall Street, fifty five degrees in Central Park. We got 0:16:22.320 --> 0:16:24.680 a truck fire. He's found seventy eight Express lanes at 0:16:24.680 --> 0:16:28.240 exit forty nine and union details coming up in traffic. First, 0:16:28.760 --> 0:16:30.920 let's get the latest on the man hunt and more 0:16:30.960 --> 0:16:32.800 than what's going on in New York and around the world. 0:16:32.840 --> 0:16:35.440 Here's Michael bar Good morning, Michael, Good morning, Nathan. Police 0:16:35.480 --> 0:16:37.880 continued to search for the gunmen who opened fire on 0:16:37.920 --> 0:16:41.160 a subway train in Brooklyn Tuesday mornings. Attack left ten 0:16:41.200 --> 0:16:45.119 people wounded by gunfire. In yp D Chief of Detectives 0:16:45.200 --> 0:16:51.640 James brandishes a Glock nine millimeter handgun. He then fired 0:16:51.680 --> 0:16:56.640 that weapon at least thirty three times, striking ten people. 0:16:57.280 --> 0:17:00.240 Chief Essex says the search is focused partly on man 0:17:00.360 --> 0:17:03.400 said to have rented a van possibly connected to the violence. 0:17:03.720 --> 0:17:07.639 Investigators stress they weren't sure whether the man, Frank James, 0:17:07.760 --> 0:17:10.440 was responsible for the shooting, but authorities say of the 0:17:10.480 --> 0:17:13.600 sixty two year old is a person of interest. Victims 0:17:13.600 --> 0:17:16.960 from yesterday's shooting on the Brooklyn subway are talking. This 0:17:17.000 --> 0:17:19.200 man says he was trying to help a pregnant woman 0:17:19.240 --> 0:17:22.040 after smoke bombs went off. She said, I'm pregnant with 0:17:22.080 --> 0:17:25.360 a baby. I hugged her and then the bomb. Marsh continued, 0:17:25.440 --> 0:17:27.520 I got pushed and that's when it got shot on 0:17:27.640 --> 0:17:30.920 the back of the my knee. New York Mayor Eric Adams, 0:17:31.200 --> 0:17:35.000 we're telling anyone that's approaching anyone that they believe is suspicious, 0:17:35.000 --> 0:17:37.840 so notified the police department, but at this time the 0:17:37.880 --> 0:17:40.679 person is not apprehended. There's no reason for us to 0:17:40.720 --> 0:17:43.880 believe that he's not still on are Adams will speak 0:17:43.920 --> 0:17:46.560 with Bloomberg later this morning, starting at eight thirty am 0:17:46.560 --> 0:17:49.679 Wall Street Time. New York Governor Kathy Oakel says this 0:17:49.760 --> 0:17:52.920 gun violence has to end now. It has to end. 0:17:52.960 --> 0:17:56.359 It ends now, and we are sick and tired of 0:17:56.480 --> 0:18:00.359 reading headlines about front. Governor Huco visited the hospital where 0:18:00.440 --> 0:18:03.600 some of the victims were admitted. New York Lieutenant Governor 0:18:03.640 --> 0:18:06.920 Brian Benjamin resigned from office after being charged with funneling 0:18:06.960 --> 0:18:10.119 illicit donations to one of his past campaigns when he 0:18:10.160 --> 0:18:13.840 was a state senator. British opposition politicians are calling on 0:18:13.880 --> 0:18:17.120 Boris Johnson to resign after it was revealed the police 0:18:17.160 --> 0:18:21.199 are finding the Prime Minister for breaking his own lockdown laws. 0:18:21.320 --> 0:18:25.240 Over COVID and sad news. In the comedy world, we've 0:18:25.240 --> 0:18:29.359 lost Gilbert Gottfried. He got yesterday at age sixty seven. 0:18:29.640 --> 0:18:32.239 Global News twenty four hours a day on air and 0:18:32.400 --> 0:18:35.240 on Bloomberg quick Take, powered by more than twenty seven 0:18:35.280 --> 0:18:37.639 hundred journalist and analyists. More than a hundred twenty countries. 0:18:37.760 --> 0:18:40.200 I'm Michael bar This is Bloomberg Nathan. Okay, Michael, thank 0:18:40.240 --> 0:18:47.800 you on Wall Street. Time for the Bloomberg Sports Update 0:18:47.840 --> 0:18:49.840 with John Stasher. All right, if we're talking about a 0:18:49.840 --> 0:18:52.359 busy sports night in the Big Apple, Rangers were at 0:18:52.359 --> 0:18:55.640 the Garden, Nets played in Brooklyn, Yankees in the Bronze 0:18:55.720 --> 0:18:57.720 Islanders were home as well. The next through the new 0:18:58.080 --> 0:19:01.000 NBA play in system, at a winning game to gain 0:19:01.160 --> 0:19:03.040 entry of the NBA Playoffs. They got it, although a 0:19:03.080 --> 0:19:05.480 twenty two point leader was cut to six. Nets beat 0:19:05.520 --> 0:19:08.399 the Calves one fifteen one away. Kyrie Irving scored thirty 0:19:08.440 --> 0:19:11.119 four points against the team he used to play for, 0:19:11.320 --> 0:19:13.880 and now he's going to face another team he used 0:19:13.880 --> 0:19:16.760 to play for, Boston. I'm grateful to play against one 0:19:16.760 --> 0:19:18.440 of the top teams in the Eastern Conference that have 0:19:18.440 --> 0:19:20.959 been playing well all the year. It's it's another challenge 0:19:20.960 --> 0:19:24.159 for us, another test um. But I think we've answered 0:19:24.160 --> 0:19:26.720 a few questions towards the end of the season where 0:19:27.400 --> 0:19:28.719 we were in the tenth spot and you know, all 0:19:28.720 --> 0:19:30.119 of a sudden, one day later we were in the 0:19:30.160 --> 0:19:32.840 seven spot, and we had the opportunity to win some 0:19:32.920 --> 0:19:35.200 games in a row. Nets Celtics should be a great series. 0:19:35.240 --> 0:19:38.119 The Celtics finished the season going twenty six and six. 0:19:38.200 --> 0:19:40.840 Game one Sunday after in Boston, Minnesota beat the l 0:19:40.880 --> 0:19:43.560 A Clippers in the West play in game losers last 0:19:43.640 --> 0:19:46.280 night play again on Friday, Rangers lost the first place 0:19:46.320 --> 0:19:48.480 Carolina for to two, but Chris Tryder did score a 0:19:48.560 --> 0:19:51.840 late goal. He joins Vic Hatfield, Adam Graves and Yarmer 0:19:51.920 --> 0:19:54.479 Yaga are only Rangers to score fifty goals in the season. 0:19:54.840 --> 0:19:57.360 Islanders be Pittsburgh five four, The Devil's won six two 0:19:57.359 --> 0:19:59.320 and ever is one of the Mets rotation already with 0:19:59.400 --> 0:20:02.520 Matchers hopefully Jacob to grow on back from injury at 0:20:02.560 --> 0:20:05.800 some point and Tyler Miguel two starts, two wins, yet 0:20:05.800 --> 0:20:08.119 to allow a run. McGill and the Mets want to 0:20:08.240 --> 0:20:11.160 nothing in Philadelphia. Home run for Brandon Nemo. Yankees also 0:20:11.240 --> 0:20:14.880 with a shutout, Nestor Cortez and four relievers teaming up 0:20:14.880 --> 0:20:16.800 for five hit or a four nothing shut out of 0:20:16.840 --> 0:20:19.400 the Blue Jayson and Hicks. That's you run home, John 0:20:19.440 --> 0:20:22.399 Stash went Bloomberg Sports Nap. Thank you John. It's thirty 0:20:22.440 --> 0:20:24.800 seven on Wall Street. Time for the Tri State Business 0:20:24.840 --> 0:20:28.520 report with Bloomberg's Ed Corey. More New York businesses may 0:20:28.560 --> 0:20:31.320 be able to get a tax break after policy makers 0:20:31.359 --> 0:20:34.200 agreed to make a technical fix and a budget deal 0:20:34.240 --> 0:20:37.720 signed by Governor Kathy Hokel tucked inside the spending plan 0:20:37.920 --> 0:20:40.680 is an adjustment to tax laws. It will allow more 0:20:40.720 --> 0:20:43.480 New York residents to receive the full benefit of assault 0:20:43.720 --> 0:20:47.920 cap workaround, sources tell Bloomberg. Facebook is adding more offices 0:20:47.960 --> 0:20:51.880 in Manhattan. The company, known formally as Meta Platforms, will 0:20:51.920 --> 0:20:55.400 take nearly three hundred thousand square feet at seven seventy Broadway. 0:20:55.600 --> 0:20:58.679 It's a property near Astor Place where it already has space. 0:20:59.040 --> 0:21:01.080 With a new lease, Face Spook will have nearly the 0:21:01.320 --> 0:21:04.480 entire building. We'll get your golf butters out and party 0:21:04.560 --> 0:21:08.399 hats ready. In June, London based Swingers will introduce New 0:21:08.480 --> 0:21:12.560 York to its alcohol and music fueled mini golf experience, 0:21:12.840 --> 0:21:16.200 which it calls Crazy Golf. The club's located below the 0:21:16.280 --> 0:21:21.480 upcoming Virgin Hotel in Manhattan's increasingly busy Nomad neighborhood. That you, 0:21:21.560 --> 0:21:25.879 Bloomberg crying, State Business Report, I'm Ed Corey crazy. Thank you, Ed. 0:21:25.960 --> 0:21:28.320 It's five thirty eight on Wall Street. Bloomberg Radio is 0:21:28.359 --> 0:21:30.639 on the air from San Francisco to New York, London 0:21:30.720 --> 0:21:33.000 to Hong Kong. Let's check in with our global news 0:21:33.040 --> 0:21:34.800 team for some of the top stories heard on our 0:21:34.840 --> 0:21:41.000 three hundred affiliate radio stations around the world. I'm Steve 0:21:41.119 --> 0:21:43.760 photo Scant on ten ten Wins in New York. We're 0:21:43.800 --> 0:21:47.080 talking about how hybrid work plans close a big threat 0:21:47.280 --> 0:21:50.639