WEBVTT - Bloomberg Daybreak: March 16, 2022 - Hour 1 (Radio) 0:00:03.560 --> 0:00:06.800 Live from the Bloomberg Interacted Berger Studios. This is Bloomberg 0:00:06.840 --> 0:00:10.559 Daybreak for Wednesday, March sixteen two. Coming up this hour, 0:00:10.760 --> 0:00:15.880 negotiations continued between Russia and Ukraine. Ukrainian President Zelinski addresses 0:00:15.920 --> 0:00:19.840 the US converse this morning. FET's interest rate liftoff expected 0:00:19.920 --> 0:00:22.560 to begin today, and we'll tell you why. Hong Kong's 0:00:22.600 --> 0:00:26.360 Hank Sang Index search in nine New York on It 0:00:26.440 --> 0:00:29.560 says nursing home deaths in the state were indeed undercounted, 0:00:29.880 --> 0:00:32.280 lust were another step closer to getting rid of daylight 0:00:32.360 --> 0:00:35.839 saving time on Michael bar More Ahead, I'm John Stan 0:00:35.920 --> 0:00:39.040 sharon'sparts six day points for Tyrie Irving and that's when 0:00:39.080 --> 0:00:41.760 the Rangers won and over time, Anthony Rizzo resigned with 0:00:41.840 --> 0:00:46.800 the Inn. That's all straight ahead on Bloomberg day Break 0:00:47.000 --> 0:00:51.880 on Bloomberg elimn Free on New York, Bloomberge Washington, d C, 0:00:52.240 --> 0:00:56.640 Bloomberg one O six one, Boston, Bloomberg nine sixties, San Francisco, 0:00:57.000 --> 0:01:00.200 Sirius x M one nineteen and around the world. Old 0:01:00.200 --> 0:01:04.000 on Bloomberg Radio dot Com and via The Bloomberg Business. 0:01:07.760 --> 0:01:10.759 And Good Morning on John Tucker and I'm Karen Moscow 0:01:10.800 --> 0:01:13.920 and futures are rising this morning. We're coming up to 0:01:13.959 --> 0:01:15.480 five oh one on Wall Street, and we check the 0:01:15.480 --> 0:01:18.480 markets every fifteen minutes throughout the trading day. On Bloomberg 0:01:18.560 --> 0:01:21.480 right now, S and P futures up forty four points, 0:01:21.480 --> 0:01:25.200 STOUT futures up two hundred eighty four and NASDAG futures 0:01:25.280 --> 0:01:28.119 up two hundred sixteen. The decks in Germany's up two 0:01:28.200 --> 0:01:31.160 and a half percent. Pen your treasury down five thirty 0:01:31.240 --> 0:01:34.160 seconds here two point one six percent, and they yield 0:01:34.200 --> 0:01:37.319 on the two year one point eight five percent. NIMEX 0:01:37.360 --> 0:01:40.400 screwed oil is up one point seven percent at ninety 0:01:40.400 --> 0:01:43.360 eight dollars three cents of barrel. John and Karen will 0:01:43.360 --> 0:01:45.319 have more of the markets in a minute, but first, 0:01:45.600 --> 0:01:47.880 the US is set to unveil a fresh round of 0:01:47.920 --> 0:01:51.840 security assistance for Ukraine today as President Biden prepares to 0:01:51.880 --> 0:01:55.080 travel to Europe. The latest from Bloomberg's Amy Morris in 0:01:55.120 --> 0:01:59.280 our newsroom in Washington. President Biden is expected to announce 0:01:59.320 --> 0:02:02.560 another eight hundred million dollars in military aid for Ukraine, 0:02:02.760 --> 0:02:06.400 including more anti tank and anti aircraft missiles. That brings 0:02:06.440 --> 0:02:08.679 the total aid package just in the past week to 0:02:08.840 --> 0:02:12.320 a billion dollars. This as the president prepares to travel 0:02:12.360 --> 0:02:16.160 to Brussels next week. Former US Ambassador to NATO Lieutenant 0:02:16.160 --> 0:02:19.239 General Douglas Lute says NATO and the EU are key 0:02:19.320 --> 0:02:22.480 to holding a strategic advantage. I think it's very significant. 0:02:22.520 --> 0:02:26.080 He's going to visit both native and address the security situation. 0:02:26.280 --> 0:02:29.000 But then he's gonna go across town in Brussels and 0:02:29.040 --> 0:02:32.320 address the leaders of the European Union. Meanwhile, officials from 0:02:32.400 --> 0:02:36.120 Ukraine and Russia continue their negotiations today, talks that Ukrainian 0:02:36.120 --> 0:02:40.000 President vladimir's Lensky called difficult but said had room for 0:02:40.080 --> 0:02:44.000 compromise in Washington. I'm any more as Bloomberg daybreak, all right, Amy, 0:02:44.040 --> 0:02:46.840 thank you a while. Ukrainian President Zelenski is giving a 0:02:46.919 --> 0:02:50.560 virtual address before lawmakers in the US later this morning, 0:02:50.560 --> 0:02:53.000 and we get more from a Bloomberg to Joe Matthew. 0:02:53.280 --> 0:02:56.240 He's gonna be speaking to Congress essentially a joint session. 0:02:56.240 --> 0:02:57.760 They're not going to be in the House chamber. They'll 0:02:57.760 --> 0:03:00.840 have an auditorium set aside in the capital complex for 0:03:00.840 --> 0:03:02.880 this because it will be a virtual address. It's supposed 0:03:02.880 --> 0:03:04.720 to be about nine o'clock, and he was gonna say 0:03:04.720 --> 0:03:07.440 thank you, having, by the way, met privately, virtually, but 0:03:07.520 --> 0:03:10.679 privately with lawmakers two weekends ago. This is going to 0:03:10.760 --> 0:03:13.120 be provided to the networks. It's going to be streamed online. 0:03:13.120 --> 0:03:15.440 People are gonna watch this on TV. So his audience 0:03:15.480 --> 0:03:17.560 is very different now as he tries to make the 0:03:17.600 --> 0:03:21.200 case for more military hardware if not a no fly zone, 0:03:21.200 --> 0:03:23.600 and so far the answer from the Pentagon on that 0:03:23.639 --> 0:03:25.680 one has been no. All right, Joe, thank you well. 0:03:25.720 --> 0:03:29.000 Joe Matthew will have analysis of President Zelenski's addressed later 0:03:29.040 --> 0:03:32.400 today on Bloomberg's Sound On at five pm Eastern Plus. 0:03:32.680 --> 0:03:35.600 You can catch President Zelenski's address live this morning at 0:03:35.680 --> 0:03:39.200 nine am on both Bloomberg Radio and television. And another 0:03:39.240 --> 0:03:43.400 major story investors are following this morning, also centered in Washington, 0:03:43.880 --> 0:03:47.640 the Fed widely expected to begin it's interst rate liftoff. 0:03:47.880 --> 0:03:50.760 We get a preview from Bloomberg's Michael McKee the what 0:03:50.960 --> 0:03:53.440 has been priced into markets? The Fed will raise the 0:03:53.520 --> 0:03:57.360 nation's benchmark interest rate by basis points. It's the what 0:03:57.600 --> 0:04:00.560 next that investors want to know, how many rate moves 0:04:00.560 --> 0:04:03.280 and how quickly, When and how do they start reducing 0:04:03.280 --> 0:04:05.320 the size of their balance sheet? Look to the new 0:04:05.400 --> 0:04:09.080 dot plot and economic forecast for clues, and listen to 0:04:09.120 --> 0:04:12.800 Chairman j Powell explain how fast inflation comes down and 0:04:12.840 --> 0:04:16.640 how the Fed avoids recession. Michael mcketh Bloomberg Daybreak. All right, 0:04:16.680 --> 0:04:18.800 Thanks Mike. Full coverage of the Fed decision and J 0:04:18.960 --> 0:04:22.360 Pal's news conference begins at one thirty pm Wall Street 0:04:22.360 --> 0:04:25.880 Time on Bloomberg radially and television. Well, turning to the 0:04:25.880 --> 0:04:28.880 markets now, John Stocks in Hong Kong searched in nine 0:04:28.960 --> 0:04:31.240 per cent amid a pledge from China at a key 0:04:31.320 --> 0:04:34.760 capital market stable. They get the recap from Bloomberg's Juliette 0:04:34.800 --> 0:04:37.800 Sally in Singapore. Good morning, Juliette, Good morning John and Karen. 0:04:37.839 --> 0:04:40.640 The Hang Sang Tech Index rebounded from a brutal sell 0:04:40.680 --> 0:04:44.160 off to jump the most on record, lifting sentiment across 0:04:44.200 --> 0:04:47.200 the Asia Pacific. Hong Kong's Hang Sang Index had its 0:04:47.200 --> 0:04:50.160 biggest one day game since two thousand and eight. China's 0:04:50.160 --> 0:04:53.080 cs I three hundred jumped the most since July twenty. 0:04:53.400 --> 0:04:56.000 Equities in China and Hong Kong had been under pressure, 0:04:56.200 --> 0:04:58.719 treading one and a half trillion dollars combined of the 0:04:58.760 --> 0:05:01.479 first two days of this week on regulatory fears and 0:05:01.520 --> 0:05:04.919 speculation that Beijing's ties with Russian raised the risk of 0:05:04.920 --> 0:05:08.479 the U S backlash in Singapore. Juliet Sally Bloomberg debreak. 0:05:08.520 --> 0:05:11.679 Thanks Julian, there are problems once again with nickel trading 0:05:11.800 --> 0:05:15.000 on the London Metal Exchange. Let's go live but London now. 0:05:15.000 --> 0:05:17.640 I'll get the latest live with Bloomberg's You and Parts 0:05:17.680 --> 0:05:20.520 You want, Good morning, John and Karen. Today was supposed 0:05:20.520 --> 0:05:23.039 to be the day they said Nickel is back, but 0:05:23.160 --> 0:05:26.279 just minutes after nickel trading resumed on the London Metal Exchange, 0:05:26.320 --> 0:05:30.000 it was halted again, the Leemy citing a technical issue 0:05:30.000 --> 0:05:32.760 with its new daily limit. Several trades appeared to be 0:05:32.800 --> 0:05:35.880 at prices below the five cent limits, suggesting they may 0:05:35.960 --> 0:05:39.000 later be canceled by the exchange, not the news the 0:05:39.000 --> 0:05:41.960 element would wanted, more than a week after its suspended trading. 0:05:42.240 --> 0:05:44.520 Live in London, I'm You and Parts Spin, big debreak, 0:05:44.720 --> 0:05:47.600 Thank you and thank you. UK Prime Minister Boris Johnson 0:05:47.640 --> 0:05:50.440 began a visit to the United Arab Emirates in Saudi 0:05:50.480 --> 0:05:54.000 Arabia and hopes of convincing leaders to ramp up oil production, 0:05:54.000 --> 0:05:57.719 and Bloomberg Simon Foxman says it'll take some persuading. We've 0:05:57.720 --> 0:06:02.080 seen both countries a bit resistant to plans to increase 0:06:02.200 --> 0:06:05.919 production by opac opeck plus in the past. The UAE 0:06:06.040 --> 0:06:08.160 has seemed too in recent days become a little bit 0:06:08.200 --> 0:06:11.240 more amenable that there's just not enough oil being produced 0:06:11.360 --> 0:06:14.600 bloombers amount. Foxman says, Johnson helps more production will ease 0:06:14.720 --> 0:06:17.679 energy prices. And checking oil right now, dimax screwed oil 0:06:17.720 --> 0:06:20.359 at one point three percent, it's a ninety seven dollars 0:06:20.400 --> 0:06:23.279 seventy cents a barrel. Brent is of about two percent 0:06:23.360 --> 0:06:26.760 at one dollar ninety cents. And turning to the pandemic, 0:06:26.800 --> 0:06:30.280 Fiser has a s US regulators to approve a second 0:06:30.320 --> 0:06:34.400 coronavirus booster shot for senior citizens. Let's get the latest 0:06:34.400 --> 0:06:36.960 life from boom Bergh. We neither young need the good morning, 0:06:37.040 --> 0:06:40.600 Good morning. John Fiser and BioNTech said Israel had already 0:06:40.640 --> 0:06:43.560 started offering a fourth shot to older people and healthcare 0:06:43.560 --> 0:06:47.239 workers last year, as O Macron circulated, and the data 0:06:47.320 --> 0:06:50.320 shows the fourth shot given at least four days or 0:06:50.320 --> 0:06:53.599 four months rather after the third, reduced the rate of 0:06:53.640 --> 0:06:56.920 infection and severe illness. That's compared to those who were 0:06:56.960 --> 0:07:00.719 given just one booster shot. The analysis for over one 0:07:00.760 --> 0:07:04.200 point one million adults sixty and older with no known 0:07:04.320 --> 0:07:08.000 history of COVID infection live in New York. I'm gonnait 0:07:08.040 --> 0:07:10.400 a young Bloomberg day break, all right, grinned to thank you, 0:07:10.440 --> 0:07:12.720 and again, futures are higher this morning with S and 0:07:12.760 --> 0:07:15.480 P futures up about forty five points. Straight ahead, your 0:07:15.520 --> 0:07:18.560 latest local headlines plus a check of sports, and this 0:07:18.920 --> 0:07:25.239 is Bloomberg. Thanks Karen five O seven on Wall Street. 0:07:25.280 --> 0:07:27.360 Hand Let's bring in Michael barn Now with more on 0:07:27.520 --> 0:07:30.240 what else is going on in New York and around 0:07:30.240 --> 0:07:32.880 the world. John, Thank you, Sarah. New York's Department of 0:07:32.960 --> 0:07:36.040 Health under reported the number of nursing home deaths by 0:07:36.080 --> 0:07:39.440 as much as fifty percent during certain periods of the 0:07:39.440 --> 0:07:43.360 COVID nineteen pandemic. That's according to an audit that criticized 0:07:43.400 --> 0:07:47.720 former Governor Andrew Cuomo's administration for faulty data collection and 0:07:47.800 --> 0:07:51.480 miss leading statistics. The audit from the state comptroller says 0:07:51.480 --> 0:07:55.520 at least forty nursing home deaths weren't accounted for from 0:07:55.560 --> 0:07:59.720 April twenty twenty to February one. The findings of firm 0:07:59.760 --> 0:08:03.680 early air reports, including one from one conducted by New 0:08:03.760 --> 0:08:07.800 York Attorney General Letitia James. Americans would no longer need 0:08:07.800 --> 0:08:11.120 to change their clocks twice a year under a bipartisan 0:08:11.120 --> 0:08:15.000 proposal that passed the Senate. Legislation introduced by Senator z 0:08:15.080 --> 0:08:18.720 Ed Markey and Marco Rubio would make daylight saving time, 0:08:19.040 --> 0:08:21.800 which most states observed for eight months out of twelve, 0:08:21.840 --> 0:08:26.080 permanent across the country. Senator Marco Rubio noted its appeal. 0:08:26.360 --> 0:08:29.400 It's an eclectic collection of members of the United States 0:08:29.480 --> 0:08:31.800 Senate in favor of what we've just done here in 0:08:31.840 --> 0:08:33.680 the Senate, and that's the pass a bill to make 0:08:33.960 --> 0:08:37.000 a daylight savings time permanent. The measure still needs approval 0:08:37.040 --> 0:08:40.040 from the House. South Korea says North Korea fired and 0:08:40.240 --> 0:08:44.800 unidentified projectile, but it is presumed that it failed immediately 0:08:44.840 --> 0:08:48.480 after launch. It was the tenth such weapons test this year. 0:08:49.080 --> 0:08:52.880 Second Gentleman Doug Emov tested positive for COVID nineteen. It 0:08:53.000 --> 0:08:56.360 prompted Vice President Kamala Harris to cancel her appearance at 0:08:56.360 --> 0:08:58.800 an equal pay event last night at the White House. 0:08:59.040 --> 0:09:02.880 Harris tested getive for the virus. President by Combla chose 0:09:03.120 --> 0:09:06.880 not to take a chance since her husband had contracted COVID. 0:09:06.880 --> 0:09:11.320 Always feeling very well. I'm told by the way when 0:09:11.320 --> 0:09:13.520 he touched he's fine. But out of a month, it's 0:09:13.559 --> 0:09:17.319 a caution. She decided she wasn't going to join us today, 0:09:17.400 --> 0:09:20.160 but let's send her our love because she's something else. 0:09:20.960 --> 0:09:24.320 President died and also said during the event, Women's History 0:09:24.400 --> 0:09:27.480 Month is an opportunity to honor the vision and the 0:09:27.520 --> 0:09:31.160 achievements of trailblazing women and girls who built the very 0:09:31.240 --> 0:09:34.160 character of this nation. Global News twenty four hours a 0:09:34.240 --> 0:09:37.360 day on air and on Bloomberg Quick Take, powered by 0:09:37.440 --> 0:09:40.640 more than seven hundred journalists and analysts in more than 0:09:40.640 --> 0:09:43.880 a hundred twenty countries. I'm Michael bar this is Bloomberg, 0:09:43.960 --> 0:09:51.440 John Michael, thank you, and it is now us on 0:09:51.480 --> 0:09:53.640 Wall Street. At the top of the Bloomberg Sports Update, 0:09:53.920 --> 0:09:57.240 it's thanks John Onen caring. Irving isn't making news for 0:09:57.360 --> 0:10:00.280 not getting the vaccine and the controversy over him not 0:10:00.280 --> 0:10:02.360 being allowed to play home games. He's playing at least 0:10:02.400 --> 0:10:04.960 on the road, and last night Kyrie put on a shirt. 0:10:04.960 --> 0:10:10.720 Irvy left Week three. God, they're sixty for Kyrie Irvy, 0:10:11.080 --> 0:10:16.559 a franchise record a career high. Kyrie Irvy puts the 0:10:16.640 --> 0:10:19.439 Necks up ninety four with eight and a half to 0:10:19.480 --> 0:10:23.080 go on the fourth quarter a time out Orlando adn't added. 0:10:23.120 --> 0:10:24.960 Irvy then got taken out so he could have scored 0:10:24.960 --> 0:10:27.520 a lot more. He had forty one points at halftime, 0:10:27.840 --> 0:10:29.959 first NBA player to do that in five years. The 0:10:30.040 --> 0:10:32.640 Nets walloped the Magic one fifty two one oh eight. 0:10:32.679 --> 0:10:35.440 But tonight's game is at home, so Irving can sit 0:10:35.480 --> 0:10:37.640 in the stands, but he can't play. And now there 0:10:37.640 --> 0:10:40.480 are questions about met and Yankee players who haven't gotten 0:10:40.520 --> 0:10:43.200 the vaccine. Apparently it's the scene for outdoor sporting events, 0:10:43.200 --> 0:10:46.040 and when Aaron Judge was asked if he's vaccinated, he's 0:10:46.080 --> 0:10:49.000 sidestepped the question. The Yankees are bringing back Anthony Rizzo 0:10:49.080 --> 0:10:51.920 to play first base, acquired last summer after a decade 0:10:51.960 --> 0:10:54.439 with the Cubs. The Yanks hat now added three infielders 0:10:54.480 --> 0:10:58.400 in three days. Someone like Luke Voight and or Labor 0:10:58.440 --> 0:11:01.120 Torres may now have to go at the Garden Rangers 0:11:01.120 --> 0:11:04.000 fourth three overtime went over Anaheim Adam Fox the game winner. 0:11:04.040 --> 0:11:05.800 He also had two as says Chris cry to the 0:11:05.800 --> 0:11:08.280 game tying goal. His thirty ninth three assists for our 0:11:08.320 --> 0:11:11.960 Timmy panerin Devils lost in Vancouver six three. Islanders lost 0:11:11.960 --> 0:11:14.160 in Washington fourth three in the shootout. The Giants have 0:11:14.240 --> 0:11:17.880 signed vetterman Tyrod Taylor, so unlike last year when Daniel 0:11:17.960 --> 0:11:20.640 Jones got hurt, the Giants now have a dependable backup 0:11:20.720 --> 0:11:24.280 quarterback that Jet signed to free agent defensive backs Aphy 0:11:24.360 --> 0:11:27.280 Jordan Whitehead had been to Tampa Bay. Cornerback d J 0:11:27.480 --> 0:11:31.160 Read comes from Seattle down stash Award Bloomberg Sports, John 0:11:31.480 --> 0:11:33.559 all Right, John, thanks very much ahead of the cashholdon 0:11:33.720 --> 0:11:37.280 um Wall Street Singer rally. At least as futures are concerned. 0:11:37.280 --> 0:11:40.160 The down futures right now they are up two hundred 0:11:40.200 --> 0:11:44.000 d and mightty eight points. That's a ninth percent, SMP 0:11:44.240 --> 0:11:47.360 emanate futures forty five points higher. That's the RNs of 0:11:47.440 --> 0:11:50.800 one percent, and the dnsday futures up one point six 0:11:51.040 --> 0:11:54.240 six percent. That's up two hundred twenty three points. In 0:11:54.280 --> 0:11:56.920 German trading right now, the backs up two point six percent, 0:11:57.320 --> 0:11:59.559 and in London in the foot seed one hundred one 0:11:59.640 --> 0:12:07.320 point percent higher. Listening the Bloomberg day Break Bloomberg Weather 0:12:07.360 --> 0:12:10.439 forts today from ron Caroline, sunny and bile behind tamperture 0:12:10.440 --> 0:12:14.880 about sixty five degrees tomorrow, occasional light rain behind temperature 0:12:14.960 --> 0:12:22.680 topping out in the mid fifties. Yes, is Bloomberg Markets 0:12:22.760 --> 0:12:25.840 headlines and breaking news twenty four hours a day at 0:12:25.840 --> 0:12:29.800 Bloomberg dot com. For the Bloomberg Business outland at Bloomberg Quicktake. 0:12:30.040 --> 0:12:39.520 This is a Bloomberg Business flash and I'm Karen Moscow 0:12:39.559 --> 0:12:42.800 and stocks are surging along with US stock index futures 0:12:42.800 --> 0:12:46.440 as China's vound as stabilized Battered markets lifts sentiment after 0:12:46.520 --> 0:12:50.360 weeks of worries about war and high inflation. Treasury yields 0:12:50.360 --> 0:12:52.680 are rising ahead of the Federal reserve rate decision, and 0:12:52.720 --> 0:12:55.079 we checked the markets every fifteen minutes throughout the trading 0:12:55.200 --> 0:12:58.000 day on Bloomberg s and P futures at fourty eight 0:12:58.040 --> 0:13:01.600 points of down futures of three nazack futures of two 0:13:01.679 --> 0:13:04.839 hundred thirty two. The decks in Germany's have two point 0:13:04.920 --> 0:13:07.960 six percent. The ten year treasury down seven thirty seconds 0:13:08.160 --> 0:13:10.560 yield two point one six percent. The yield on the 0:13:10.559 --> 0:13:13.480 two year one point eight five percent. Nine X screwede 0:13:13.480 --> 0:13:15.680 oil is at one point eight percent of a dollar 0:13:15.760 --> 0:13:18.400 seventy one at ninety eight dollars thirteen cents of barrel 0:13:18.640 --> 0:13:21.120 comics gold on a half percent or nine dollars fifty 0:13:21.120 --> 0:13:24.600 cents at nineteen twenty announced the euro one point oh 0:13:24.720 --> 0:13:27.280 nine nine three against the dollar, British found one point 0:13:27.320 --> 0:13:29.920 three zero six nine, the yen at one eighteen point 0:13:29.960 --> 0:13:33.000 three one, and bitcoin this morning of two point six 0:13:33.000 --> 0:13:36.440 percent at forty thousand, four hundred fifty dollars, and the 0:13:36.480 --> 0:13:40.360 International Energy Agency saying Russia's oil output may slump by 0:13:40.360 --> 0:13:43.679 about a quarter next month, inflicting the biggest supply shock 0:13:43.720 --> 0:13:46.880 in decades. As Buyer shown the nation's exports following its 0:13:46.880 --> 0:13:49.960 invasion of Ukraine. And that's a Bloomberg business flash. Now 0:13:50.040 --> 0:13:52.320 here's Michael Barr with more on what's going on around 0:13:52.320 --> 0:13:55.920 the world. Muncle, Good morning, Good morning, Karen. Ukraine's president 0:13:56.000 --> 0:13:58.440 is preparing to make a direct appeal for more help 0:13:58.480 --> 0:14:01.400 and a rare speech by a four leader to the U. S. 0:14:01.440 --> 0:14:06.120 Congress even as Russia continued its bombardments of the Ukrainian capital. 0:14:06.440 --> 0:14:10.720 Previewing a speech to Congress, President Volodamir Zelenski thanked President 0:14:10.800 --> 0:14:14.280 Joe Biden and all the friends of Ukraine for thirteen 0:14:14.360 --> 0:14:18.040 point six billion dollars in new support. Meanwhile, officials from 0:14:18.120 --> 0:14:21.560 Ukraine and Russia are set for further talks today. In 0:14:21.600 --> 0:14:23.920 the NBA, the Nets on the Road beat the Magic 0:14:23.960 --> 0:14:26.160 one fifty one oh eight. Kyrie, You're being put up 0:14:26.160 --> 0:14:28.880 a sixty spot. In the NHL, the Rangers beat the 0:14:28.920 --> 0:14:31.320 Ducks in overtime for three. The Islanders lost in a 0:14:31.400 --> 0:14:34.320 shootout to the Capitals for three. The Devil's lost the 0:14:34.360 --> 0:14:38.040 Bruins one in ot against the Blackhawks to one. Global 0:14:38.040 --> 0:14:40.440 News twenty four hours a day on air and on 0:14:40.520 --> 0:14:44.160 Bloomberg Quicktake, powered by more than twenty seven hundre journalists 0:14:44.160 --> 0:14:46.920 and analysts more than a d twenty countries. I'm Michael Barr, 0:14:46.960 --> 0:14:49.720 and this is Bloomberg John, Michael, thank you. It is 0:14:49.720 --> 0:14:51.720 coming up on Fine twenty on a little streep whee 0:14:51.760 --> 0:14:55.040 yard line from the Bloomberg Contract to Broker Studios. This 0:14:55.280 --> 0:14:58.680 is Bloomberg Tay Break. Russia and Ukraine are scheduled for 0:14:58.720 --> 0:15:02.080 another round of negoti asians today. That's got an update 0:15:02.160 --> 0:15:04.440 on the war in Ukraine. We're joined now by Bloomberg 0:15:04.800 --> 0:15:09.000 Executive editor for International Government, Rosalind Matheson. Ros Thanks for 0:15:09.040 --> 0:15:13.200 being with us this morning, What exactly are the negotiating positions? 0:15:13.480 --> 0:15:17.920 And I'm just parenthetically, can anybody even be sure that 0:15:18.000 --> 0:15:22.480 Russia is negotiating a good faith Well, these are the 0:15:22.520 --> 0:15:26.760 ongoing conversations that are at a lower official level. These 0:15:26.800 --> 0:15:30.040 are not ministers or above who are having these conversations, 0:15:30.040 --> 0:15:33.280 so there's limits to what they can actually discuss and negotiate, 0:15:33.360 --> 0:15:35.800 because of course the biggest stuff would only be approved 0:15:36.480 --> 0:15:40.080 by the Russian President Vladimir Putin himself. So these talk 0:15:40.120 --> 0:15:43.000 seem to be focusing on getting a broader potential cea 0:15:43.080 --> 0:15:47.800 spy in Ukraine, widening humanitarian corridors that only seem to 0:15:47.840 --> 0:15:50.920 be opening for a few hours at a time to 0:15:51.040 --> 0:15:53.600 let people leave areas that are really in the in 0:15:53.600 --> 0:15:56.360 the thick of the conflict, and so on, and so 0:15:56.440 --> 0:15:59.080 that seems to be where they are being concentrated. And 0:15:59.120 --> 0:16:02.880 that's where you see some initial sounds from either side 0:16:02.920 --> 0:16:06.160 that there could be prospects for some sort of progress, 0:16:06.200 --> 0:16:10.200 even if they say that the overall conversation remains quite difficult. 0:16:10.440 --> 0:16:14.480 Um and obviously any negotiations in this environment are very fraught, 0:16:14.560 --> 0:16:17.840 but they're really contained to focusing on those things the 0:16:17.880 --> 0:16:20.680 broader questions of how do you end this conflict, including 0:16:21.000 --> 0:16:23.920 the issue of Ukrainian neutrality and so on, that's probably 0:16:24.400 --> 0:16:26.920 being left at officials at a much higher level than 0:16:26.960 --> 0:16:30.480 these conversations. Can we pierce through the fog right now 0:16:30.480 --> 0:16:34.920 and get an accurate picture of what's happening on the ground, Well, 0:16:34.960 --> 0:16:38.200 it seems like the attacks on infrastructure and on cities 0:16:38.240 --> 0:16:41.440 are continuing from the air, so you're seeing shelling that's 0:16:41.440 --> 0:16:45.360 going on. Still, it looks like the Russian forces are 0:16:45.400 --> 0:16:49.120 making further progress in areas in the south. Certainly they've 0:16:49.160 --> 0:16:54.360 got the city of Mariopool under continuous siege at this point. However, 0:16:54.400 --> 0:16:58.960 their advance continues to be fairly slow outside Kiev, and 0:16:59.000 --> 0:17:02.000 the intelligence near Cranian side is that they're really focusing 0:17:02.000 --> 0:17:06.760 on reinforcing their positions existing positions right now outside Kia, 0:17:06.920 --> 0:17:11.000 rather than moving their forces forward. That said, the government 0:17:11.000 --> 0:17:14.640 in Kiev is taking every precaution. They've announced a curfew 0:17:14.720 --> 0:17:17.600 rather for that city that will run through till Thursday. 0:17:17.640 --> 0:17:20.480 That's suggesting it's not just Russian troops that they're worried about. 0:17:20.520 --> 0:17:22.439 It's perhaps some of the other elements that might be 0:17:22.520 --> 0:17:25.439 in this fight. Mercenary groups and others coming into the 0:17:25.480 --> 0:17:28.760 capital and trying to cause havoc at all hours. So 0:17:28.800 --> 0:17:31.560 that's what that curfew is probably about. Because more broadly, 0:17:31.880 --> 0:17:34.520 the Russian forces outside Kiev seemed to not be moving 0:17:34.640 --> 0:17:38.280 very far. Do we know what's getting into Ukraine from 0:17:38.320 --> 0:17:43.760 the west in terms of support, Well, certainly both humanitarian 0:17:43.880 --> 0:17:46.639 aid to some extent seems to be moving in, particularly 0:17:47.040 --> 0:17:51.200 across the Polish border, so that's reaching areas in western Ukraine, 0:17:51.480 --> 0:17:54.240 but very difficult to get aid into areas of southern 0:17:54.400 --> 0:17:58.360 Ukraine and those cities again that are under siege. Convoys 0:17:58.359 --> 0:18:01.720 are struggling to get through, getting stopped at roadblocks, and 0:18:01.760 --> 0:18:04.359 some one says some humanitarian aid is getting in. Obviously, 0:18:04.440 --> 0:18:07.800 military aid is also continuing to flow. Countries have been 0:18:07.800 --> 0:18:11.240 sending a lot of anti tank weaponry in particular that's 0:18:11.280 --> 0:18:14.520 pretty very effective against the Russian forces so far, and 0:18:14.520 --> 0:18:17.840 there's the reason again why they've struggled in places near Kiev. 0:18:17.960 --> 0:18:21.240 So that military stuff is continuing. Ukraine is obviously asking 0:18:21.280 --> 0:18:23.439 for a lot more, including fighter jets and someone that 0:18:23.560 --> 0:18:27.159 Western nations say right now isn't really feasible, um, so 0:18:27.160 --> 0:18:29.520 you can expect more of those requests, for example, to 0:18:29.560 --> 0:18:33.600 come today when the Ukrainian President addresses the US Congress. 0:18:33.760 --> 0:18:35.720 What do you expect from that speech to the Congress 0:18:35.720 --> 0:18:40.199 from Zolinski. You can expect a lot of thanks for 0:18:40.320 --> 0:18:44.280 what's been support that's come so far, and he's addressed 0:18:44.320 --> 0:18:47.000 different separate groups of lawmakers in the US of course 0:18:47.000 --> 0:18:49.479 in the past few weeks. But as he goes around 0:18:49.560 --> 0:18:52.399 parliaments around the world and gives these speeches, there's also 0:18:52.480 --> 0:18:56.119 an air of frustration that is evident in how he talks. 0:18:56.200 --> 0:18:58.760 He says that he's grateful for the support, but really 0:18:58.840 --> 0:19:01.200 NATO and the West to do much more. They need 0:19:01.240 --> 0:19:03.919 to actually send fighter jets in. They need to do 0:19:03.960 --> 0:19:06.360 a no fly zone over Ukraine, which is obviously very 0:19:06.359 --> 0:19:09.399 difficult for NATO to do. They need to get in 0:19:09.440 --> 0:19:12.240 a way involved militarily to the extent that they're not 0:19:12.320 --> 0:19:15.199 comfortable about. So you can expect him to press on 0:19:15.320 --> 0:19:17.840 those points again. Of course, the US and the US 0:19:17.880 --> 0:19:20.840 President has made clear that doing so would probably create 0:19:21.000 --> 0:19:23.159 a broader conflict, and then certainly NATO is not going 0:19:23.200 --> 0:19:26.800 to get involved to that extent, but certainly the Ukrainian 0:19:26.800 --> 0:19:29.840 president will make those points again publicly. Okay, and of 0:19:29.840 --> 0:19:32.640 course the world will be topic one when the President 0:19:32.680 --> 0:19:36.680 Biden travels to Europe next week. Rose, thanks very much, 0:19:36.680 --> 0:19:40.199 appreciate it. To Rosalind Matheson, the Bloomberg Executive editor for 0:19:40.320 --> 0:19:45.160 International Government Programming. No starting at ian o'clock are proctimately 0:19:45.240 --> 0:19:48.840 will you bring you live the speech from Ukrainian President 0:19:48.880 --> 0:19:53.880 Vladimir's Zelinsky right here on Bloomberg Radio and Bloomberg Television 0:19:54.840 --> 0:19:57.640 right now. Futures indicate a higher overenaud Wall Street down 0:19:57.680 --> 0:20:00.080 futures of two hundred ninety eight points s and be 0:20:00.240 --> 0:20:04.080 e many futures there are forty seven points. This is Bloomberg. 0:20:07.080 --> 0:20:10.160 Nice day on tap in the forecast sunny in miles today, 0:20:10.200 --> 0:20:15.120 the high temperature sixty five degrees and tomorrow's outlook occasional 0:20:15.160 --> 0:20:18.240 life Larry the high temperature in the mid fifties. This 0:20:18.560 --> 0:20:25.160 is Daybreak, Markets, headlines and breaking news twenty four hours 0:20:25.160 --> 0:20:28.359 a day at Bloomberg dot Com, the Bloomberg Business Outland, 0:20:28.480 --> 0:20:38.080 at Bloomberg Quick Tape. He's a Bloomberg Business Flash and 0:20:38.119 --> 0:20:41.359 I'm Karin Moscow stocks are surging and US Dot Index 0:20:41.480 --> 0:20:45.040 futures are climbing. As China's vow to stabilize battered markets, 0:20:45.119 --> 0:20:48.280 lift sentiment after weeks of worries about war and high inflation. 0:20:48.680 --> 0:20:51.680 Treasury yields rising ahead of the federal reserve rate decision. 0:20:51.920 --> 0:20:54.240 We checked the markets every fifteen minutes throughout the trading 0:20:54.320 --> 0:20:56.360 day on Bloomberg. U S and P future is at 0:20:56.400 --> 0:20:59.719 forty five points down, futures up two eight two NAS day, 0:20:59.800 --> 0:21:01.960 few years up two hundred thirty one. The Dacks in 0:21:02.000 --> 0:21:05.120 Germany's up two point one percent, ten, your treasury down 0:21:05.160 --> 0:21:08.120 three thirty seconds. He'll two point one and a yield 0:21:08.200 --> 0:21:11.639 on a two year one point eight four percent. And 0:21:11.720 --> 0:21:14.119 that's a Bloomberg Business flash Show. Here's Michael Barr with 0:21:14.200 --> 0:21:17.080 more unless going on around the world. Michael Parin, thank 0:21:17.080 --> 0:21:20.040 you very much. Training and President Voladimir z Lensky said 0:21:20.119 --> 0:21:24.560 Russia's positions in the negotiations sound more realistic as the 0:21:24.600 --> 0:21:28.400 two signs are scheduled for another round of talks today. Meanwhile, 0:21:28.480 --> 0:21:31.800 President's Lenski will make a rare wartime address by a 0:21:31.840 --> 0:21:35.000 foreign leader to both chambers of Congress. You will plead 0:21:35.080 --> 0:21:38.359 with US lawmakers by video conference for more aid as 0:21:38.440 --> 0:21:41.520 Russia invades his country in the NBA, the nets on 0:21:41.560 --> 0:21:43.800 the Road be the Magic one fifty one oh Lay 0:21:43.880 --> 0:21:46.760 Kyrie Irving put up a sixty spot in the NHL. 0:21:46.800 --> 0:21:49.080 The Rangers beat the Ducks in overtime for three. The 0:21:49.080 --> 0:21:52.080 Islanders lost in the shoot out to the Capitals for three. 0:21:52.160 --> 0:21:54.560 The Devil's lost the Bruins one an ot against the 0:21:54.600 --> 0:21:57.399 black Hawks to one. Global News twenty four hours a 0:21:57.480 --> 0:22:00.840 day on air and on Bloomberg Quicktake, powered by more 0:22:00.880 --> 0:22:04.960 than journalists analysts in more than one twenty countries. I'm 0:22:04.960 --> 0:22:07.760 Michael bar This is Bloomberg Johns. Michael, thank you fine 0:22:07.880 --> 0:22:10.040 forty eight on one Street. We're lying for the Bloomberg 0:22:10.040 --> 0:22:14.320 inturant to Brokers Studios. This is Bloomberg Daybreak. It is 0:22:14.480 --> 0:22:17.520 lift off. The Federal Reserve concludes a two day meeting 0:22:17.520 --> 0:22:21.040 today with the expended start of an interest rate hiking cycle. 0:22:21.200 --> 0:22:24.119 Let's get a preview now. Sarah House is senior economist 0:22:24.480 --> 0:22:26.920