1 00:00:02,560 --> 00:00:05,840 Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg 2 00:00:05,960 --> 00:00:09,760 Speaker 1: day Break for Wednesday, March two. Coming up this hour, 3 00:00:10,039 --> 00:00:13,000 Speaker 1: questions this morning over Russia has promised to scale back 4 00:00:13,080 --> 00:00:17,360 Speaker 1: military operations. The January six Committee discovers big gaffs and 5 00:00:17,440 --> 00:00:21,239 Speaker 1: former President Trump's phone blogs, US future slump after four 6 00:00:21,320 --> 00:00:23,919 Speaker 1: straight days of games, and hackers pull off one of 7 00:00:23,960 --> 00:00:27,840 Speaker 1: the biggest crypto heist ever. Three Buffalo police officers were shot. 8 00:00:27,880 --> 00:00:30,480 Speaker 1: Plus the White House swam block President Trump's daughter and 9 00:00:30,600 --> 00:00:34,560 Speaker 1: son in law from testifying before House Committee. Michael barn More, 10 00:00:35,240 --> 00:00:37,800 Speaker 1: I'm John Stashdown Sports Kevin Durant led the Nets to 11 00:00:37,880 --> 00:00:40,560 Speaker 1: victory over the Pistons, Chris Cryder and the Rangers with 12 00:00:40,640 --> 00:00:45,479 Speaker 1: a road win at Pittsburgh. That's all straight ahead on 13 00:00:45,680 --> 00:00:51,440 Speaker 1: Bloomberg day Break on Bloomberg eleven, Treeo, New York, Bloomberg one, Washington, 14 00:00:51,560 --> 00:00:55,640 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, 15 00:00:55,680 --> 00:00:59,960 Speaker 1: San Francisco, Sirius x M one nineteen and around the world. 16 00:01:00,040 --> 00:01:03,920 Speaker 1: Go on Bloomberg Radio dot Com and via the Bloomberg Business. 17 00:01:07,480 --> 00:01:10,440 Speaker 1: Good Morning, I'm Nathan Hager, and I'm Karen Moscow and 18 00:01:10,600 --> 00:01:13,600 Speaker 1: US DOT Index futures are lower this morning. We're coming 19 00:01:13,640 --> 00:01:15,120 Speaker 1: up to six o one on Wall Street, and we 20 00:01:15,240 --> 00:01:17,839 Speaker 1: checked the markets every fifteen minutes throughout the trading day. 21 00:01:18,120 --> 00:01:20,600 Speaker 1: On Bloomberg, U S and P future is down sixteen 22 00:01:20,600 --> 00:01:24,400 Speaker 1: points this morning, down futures down on eleven Nasdack futures 23 00:01:24,440 --> 00:01:27,160 Speaker 1: down sixty eight The decks in Germany's down one point 24 00:01:27,200 --> 00:01:30,720 Speaker 1: four percent. Tenure treasury down one thirty second yield two 25 00:01:30,720 --> 00:01:33,000 Speaker 1: point three nine percent. They yield on the two year 26 00:01:33,080 --> 00:01:36,160 Speaker 1: two point three one percent. Nine x Screwed oil is 27 00:01:36,240 --> 00:01:38,720 Speaker 1: up two point one percent, up two dollars twenty cents 28 00:01:38,720 --> 00:01:41,000 Speaker 1: and a hundred six dollars forty eight cents of barrel, 29 00:01:41,400 --> 00:01:43,600 Speaker 1: and the euro is at one point one one to 30 00:01:43,920 --> 00:01:47,000 Speaker 1: six against the dollar. Nathan, all right, Karen, let's get 31 00:01:47,000 --> 00:01:49,400 Speaker 1: to the latest now on the war in Ukraine. Russia 32 00:01:49,600 --> 00:01:52,800 Speaker 1: is promising the scale back military operations near the capital 33 00:01:52,840 --> 00:01:55,440 Speaker 1: city of Kiev and the city of Chernihiv, but there 34 00:01:55,440 --> 00:01:59,120 Speaker 1: are still reports of shelling in both areas. President Biden 35 00:01:59,160 --> 00:02:01,000 Speaker 1: was asked where the heath thinks the war is ending 36 00:02:01,080 --> 00:02:04,360 Speaker 1: or if Russia is just buying time. We'll see. I 37 00:02:04,400 --> 00:02:06,560 Speaker 1: don't read anything into it until I see what their 38 00:02:06,600 --> 00:02:09,320 Speaker 1: actions are. We'll see if they follow through and with 39 00:02:09,360 --> 00:02:12,040 Speaker 1: their suggesting, the President bide and spoken the news conference 40 00:02:12,080 --> 00:02:15,600 Speaker 1: with the Prime Minister of Singapore. Ukrainian President Vladimir Zolenski 41 00:02:15,720 --> 00:02:19,959 Speaker 1: also has his doubts. We can say that the signals 42 00:02:19,960 --> 00:02:22,840 Speaker 1: we hear from the talks are positive, but these signals 43 00:02:22,840 --> 00:02:26,560 Speaker 1: can't silence the explosions of Russian shells. President Zelenski says 44 00:02:26,600 --> 00:02:29,280 Speaker 1: there are grounds not to trust Russia. A regional governor 45 00:02:29,320 --> 00:02:31,959 Speaker 1: says the city of Chernihill was shelled all night despite 46 00:02:32,000 --> 00:02:35,040 Speaker 1: Russia's promises. The U n says more than four million 47 00:02:35,080 --> 00:02:37,720 Speaker 1: refugees have now fled Ukraine. That is nearly ten percent 48 00:02:37,800 --> 00:02:41,040 Speaker 1: of the population. Meantime, back in the US, Nathan new 49 00:02:41,080 --> 00:02:44,000 Speaker 1: Revelations tide of last year's attack on the capitol. There 50 00:02:44,040 --> 00:02:46,480 Speaker 1: are more than seven hours of gaps in White House 51 00:02:46,520 --> 00:02:49,880 Speaker 1: telephone logs from the afternoon at January six, and those 52 00:02:49,919 --> 00:02:53,720 Speaker 1: gaps coincide at the same time protesters swarmed the US capital. 53 00:02:53,960 --> 00:02:56,799 Speaker 1: Amy Morris has details from our Bloomberg ninety one one 54 00:02:56,840 --> 00:03:00,560 Speaker 1: newsroom in Washington. The committee investigating the insurrect should found 55 00:03:00,560 --> 00:03:03,079 Speaker 1: a big gap from a little after eleven am to 56 00:03:03,160 --> 00:03:07,399 Speaker 1: about seven pm in the logs provided by the National Archives, 57 00:03:07,400 --> 00:03:10,160 Speaker 1: but there is evidence that the President did talk with 58 00:03:10,240 --> 00:03:14,360 Speaker 1: people inside the Capitol that day, including Kevin McCarthy, Jim Jordan's, 59 00:03:14,400 --> 00:03:17,240 Speaker 1: and Mike Pence calls that don't show up on the 60 00:03:17,240 --> 00:03:20,280 Speaker 1: White House logs. Now the committee is trying to determine 61 00:03:20,320 --> 00:03:23,720 Speaker 1: it the President bypassed the White House system by using 62 00:03:23,800 --> 00:03:27,600 Speaker 1: a burner phone or his AIDS cell phones in Washington. 63 00:03:27,720 --> 00:03:30,519 Speaker 1: I'm maybe more as Bloomberg Daybreak. Okay, Amy, thanks. Let's 64 00:03:30,520 --> 00:03:33,120 Speaker 1: take a look at markets now, Beginning with treasuries. The 65 00:03:33,200 --> 00:03:36,880 Speaker 1: tenure yield briefly dropped below it's two year equivalent yesterday 66 00:03:37,000 --> 00:03:40,520 Speaker 1: for the first time since That inversion is leading to 67 00:03:40,560 --> 00:03:43,400 Speaker 1: growing calls about the likelihood of a US recession, but 68 00:03:43,480 --> 00:03:46,520 Speaker 1: Aaron Brown at PIMCO says those concerns may be premature. 69 00:03:46,960 --> 00:03:50,000 Speaker 1: It has been a good predictor in the past that 70 00:03:50,200 --> 00:03:52,720 Speaker 1: recession is coming, but I don't think that really tells 71 00:03:52,760 --> 00:03:55,960 Speaker 1: you anything new. We knew that we're a late cycle, 72 00:03:56,360 --> 00:03:59,040 Speaker 1: and typically the yield curban verse and then it takes 73 00:03:59,080 --> 00:04:02,200 Speaker 1: anywhere from a twenty four months to actually move into 74 00:04:02,240 --> 00:04:05,480 Speaker 1: a recession. So we're still quite a ways out until 75 00:04:05,600 --> 00:04:08,920 Speaker 1: potentially we're going to enter into a recession. Tim Co 76 00:04:09,040 --> 00:04:11,480 Speaker 1: fund manager and Brown says it is more critical to 77 00:04:11,480 --> 00:04:14,320 Speaker 1: look at why the yield curve is inverting. Meantime, all 78 00:04:14,400 --> 00:04:16,240 Speaker 1: eyes are on the Fed, and we will hear more 79 00:04:16,240 --> 00:04:18,400 Speaker 1: from the Central Bank later today. Tune in for an 80 00:04:18,440 --> 00:04:22,160 Speaker 1: exclusive interview with Richmond Fed President Tom Barkin. That's coming 81 00:04:22,240 --> 00:04:25,240 Speaker 1: up at ten thirty am Wall Street Time on Bloomberg 82 00:04:25,320 --> 00:04:28,240 Speaker 1: Radio and television. When it comes to stocks, Nathan, we're 83 00:04:28,240 --> 00:04:30,560 Speaker 1: coming off four straight days of games. The S and 84 00:04:30,600 --> 00:04:33,400 Speaker 1: P five hundred closed above the forty six hundred level 85 00:04:33,480 --> 00:04:36,680 Speaker 1: for the first time since mid January. Right now, it's 86 00:04:36,680 --> 00:04:40,279 Speaker 1: down just three percent from an all time high. Looka Paulini, 87 00:04:40,360 --> 00:04:43,599 Speaker 1: as chief strategist at Pick ten Asset Management, Marcus were 88 00:04:43,640 --> 00:04:46,599 Speaker 1: significantly were sold for the number of reasons. Of course, 89 00:04:46,760 --> 00:04:50,680 Speaker 1: the word in Ukraine, the federal reserves, weekend data, and 90 00:04:50,760 --> 00:04:54,039 Speaker 1: now everything seems to be not as bad as it was, 91 00:04:54,200 --> 00:04:55,919 Speaker 1: and so I think that there is this kind of 92 00:04:56,560 --> 00:04:59,880 Speaker 1: sort of relief friendly Luca Paolini, I picked ted as 93 00:05:00,000 --> 00:05:03,520 Speaker 1: that management says despite the rally, he remains cautious. We're 94 00:05:03,560 --> 00:05:06,400 Speaker 1: also hearing caution from Bank of America here and It's 95 00:05:06,400 --> 00:05:09,760 Speaker 1: analysts warn that eleven Surgeon stocks over the past two 96 00:05:09,760 --> 00:05:12,680 Speaker 1: weeks has the hallmarks of a bear market rally, and 97 00:05:12,720 --> 00:05:15,120 Speaker 1: it might give way to deeper losses. We get the 98 00:05:15,160 --> 00:05:19,400 Speaker 1: details from Bloomberg's Charlie Pellett. Those analysts say warning signs 99 00:05:19,440 --> 00:05:23,280 Speaker 1: are flashing for a market that has climbed despite clearly 100 00:05:23,520 --> 00:05:27,760 Speaker 1: weaker fundamentals, including a Federal Reserve bent on raising rates 101 00:05:27,839 --> 00:05:32,560 Speaker 1: sharply this year to battle persistent inflation. The strategists caution 102 00:05:32,680 --> 00:05:35,520 Speaker 1: that the sell off that took the SMP five hundred 103 00:05:35,520 --> 00:05:39,360 Speaker 1: twelve percent from its January record is not over, and 104 00:05:39,480 --> 00:05:43,640 Speaker 1: sharp rallies are typical of volatility and bear markets, with 105 00:05:43,720 --> 00:05:46,400 Speaker 1: some of the biggest on record occurring in the throes 106 00:05:46,520 --> 00:05:50,039 Speaker 1: of the dot com meltdown and the global financial crisis 107 00:05:50,560 --> 00:05:53,839 Speaker 1: in New York. Charlie Pellet Bloomberg day break. All right, Charlie, 108 00:05:53,880 --> 00:05:55,760 Speaker 1: thank you, and let's look at some stocks that are 109 00:05:55,800 --> 00:05:58,560 Speaker 1: moving this morning. Shares a Lulu lemon Or up seven 110 00:05:58,600 --> 00:06:01,039 Speaker 1: and a half percent. In early training, the athletic ware 111 00:06:01,120 --> 00:06:05,000 Speaker 1: retailer delivered a sales forecast that beat estimates. Micron shares 112 00:06:05,040 --> 00:06:07,679 Speaker 1: are out more than four percent, the largest US memory 113 00:06:07,760 --> 00:06:10,239 Speaker 1: chip maker gave an upbeat forecast to sign that demand 114 00:06:10,279 --> 00:06:13,520 Speaker 1: remains strong from data center customers, and on the flip side, 115 00:06:13,520 --> 00:06:17,240 Speaker 1: shares of Chewy are down fourteen. The online retailer of 116 00:06:17,279 --> 00:06:19,839 Speaker 1: pet care products, put out of forecast that fell short 117 00:06:19,880 --> 00:06:23,640 Speaker 1: of estimates. Cryptocurrencies are also in focus this morning, Karen, 118 00:06:23,680 --> 00:06:25,760 Speaker 1: after what is being called one of the biggest crypto 119 00:06:25,800 --> 00:06:28,799 Speaker 1: attacks ever, and it wasn't discovered for almost a week. 120 00:06:29,080 --> 00:06:31,200 Speaker 1: Let's get the details live from Bloomberg's We Need a 121 00:06:31,240 --> 00:06:34,240 Speaker 1: Young Good morning, Gredita, Good morning, Nathan. Hackers stole about 122 00:06:34,320 --> 00:06:37,640 Speaker 1: six hundred million dollars from a blockchain network connected to 123 00:06:37,680 --> 00:06:41,479 Speaker 1: the popular Axie Infinity online game. They drained what's known 124 00:06:41,520 --> 00:06:44,360 Speaker 1: as the Ronan bridge of close to one seventy four 125 00:06:44,440 --> 00:06:48,400 Speaker 1: thousand ether and almost thirty million U s DC tokens. 126 00:06:48,720 --> 00:06:51,640 Speaker 1: The so called bridge lets people convert tokens into ones 127 00:06:51,720 --> 00:06:54,600 Speaker 1: that can be used on another network. The blockchain that 128 00:06:54,720 --> 00:06:58,919 Speaker 1: supports Axie Infinity says the breach happened in March twenty three, 129 00:06:59,040 --> 00:07:02,120 Speaker 1: but was just a discovered yesterday. This attack is the 130 00:07:02,200 --> 00:07:05,400 Speaker 1: latest to show how bridge attacks and hacks can threaten 131 00:07:05,480 --> 00:07:09,600 Speaker 1: the ecosystem of decentralized apps live in New York. I'm 132 00:07:09,640 --> 00:07:11,760 Speaker 1: re need a young Bloomberg daybreak, all right, we need 133 00:07:11,760 --> 00:07:14,560 Speaker 1: a thanks checking bitcoin right now. It's lower on the session, 134 00:07:14,560 --> 00:07:19,120 Speaker 1: trading around forty seven thousand, three hundred dollars. This is Bloomberg. 135 00:07:23,000 --> 00:07:24,800 Speaker 1: It sounds six o seven on Wall Street. We're in 136 00:07:24,840 --> 00:07:27,320 Speaker 1: thirty degrees in Central Park, still dealing with an accident 137 00:07:27,400 --> 00:07:30,400 Speaker 1: that's got the upper level. The Arizono Bridge closed. Heading 138 00:07:30,400 --> 00:07:33,080 Speaker 1: into Staten Island. The tails coming up with traffic first. 139 00:07:33,120 --> 00:07:35,000 Speaker 1: Michael bar with more on what's going on in New 140 00:07:35,040 --> 00:07:37,640 Speaker 1: York and around the world. Michael, thank you very much. Nathan. 141 00:07:37,680 --> 00:07:40,560 Speaker 1: It was a wild scene up in Buffalo. Three police 142 00:07:40,560 --> 00:07:43,720 Speaker 1: officers were hit by gunfire after a motorist fled a 143 00:07:43,760 --> 00:07:45,800 Speaker 1: traffic stop and led them on a chase through the 144 00:07:45,800 --> 00:07:49,760 Speaker 1: city's streets. The suspected gunman was firing at officers from 145 00:07:49,800 --> 00:07:53,200 Speaker 1: the vehicle authorities. Officers shot and wounded the driver at 146 00:07:53,200 --> 00:07:56,360 Speaker 1: an intersection in front of a police station. Buffalo Mayor 147 00:07:56,520 --> 00:08:02,160 Speaker 1: Byron Brown a very very dangerous situation, and we are 148 00:08:02,240 --> 00:08:08,000 Speaker 1: very thankful that two suspects involved in this situation are 149 00:08:08,120 --> 00:08:11,600 Speaker 1: in police custody. Mayor Brown says none of the officers 150 00:08:11,720 --> 00:08:16,720 Speaker 1: injuries resulted in life threatening moments, and no civilians on 151 00:08:16,760 --> 00:08:20,360 Speaker 1: the street were hit by the flying bullets. Police said 152 00:08:20,360 --> 00:08:23,440 Speaker 1: the suspect it was shot was undergoing surgery. The White 153 00:08:23,480 --> 00:08:26,320 Speaker 1: House were not blocked former President Donald Trump's daughter and 154 00:08:26,400 --> 00:08:29,160 Speaker 1: son in law of Anka Trump and Jared Kushner from 155 00:08:29,200 --> 00:08:33,679 Speaker 1: testifying to the House committee investigating the January sixth Capitol riot. 156 00:08:34,000 --> 00:08:38,600 Speaker 1: White House spokeswoman Kate Beddenfield says the constitutional protections of 157 00:08:38,640 --> 00:08:42,120 Speaker 1: executive privilege should not be used to shield from Congress 158 00:08:42,200 --> 00:08:46,280 Speaker 1: or the public information about an attack on the constitution itself. 159 00:08:46,760 --> 00:08:50,199 Speaker 1: Kushner is expected to appear voluntarily before the committee this week. 160 00:08:50,679 --> 00:08:54,280 Speaker 1: A team of US airplane accident investigators and technical experts 161 00:08:54,400 --> 00:08:56,160 Speaker 1: could add to China as soon as this week to 162 00:08:56,200 --> 00:08:59,439 Speaker 1: help unravel the mysterious crash of the Boeing seven thirty 163 00:08:59,600 --> 00:09:02,840 Speaker 1: seven jet earlier this month. All one two people on 164 00:09:02,880 --> 00:09:06,280 Speaker 1: board the China Eastern jet were killed. President Joe Biden 165 00:09:06,320 --> 00:09:09,120 Speaker 1: signed a law making lynching a federal hate crime. The 166 00:09:09,160 --> 00:09:11,800 Speaker 1: President said of racial hate isn't an old problem, It's 167 00:09:11,840 --> 00:09:15,880 Speaker 1: a persistent one. Hate never goes away. It only hides, 168 00:09:16,760 --> 00:09:20,480 Speaker 1: It hides under the rocks. Given just a little bit 169 00:09:20,480 --> 00:09:26,320 Speaker 1: of oxygen. It comes roaring back out, screaming President Biden. 170 00:09:26,559 --> 00:09:29,200 Speaker 1: An American astronaut who spent nearly a year on the 171 00:09:29,240 --> 00:09:32,280 Speaker 1: International Space Station is coming back to a world that 172 00:09:32,360 --> 00:09:36,200 Speaker 1: has seen some dramatic changes. Mark Vanda High will be 173 00:09:36,240 --> 00:09:38,920 Speaker 1: returning to Earth, and for a time it wasn't clear 174 00:09:38,920 --> 00:09:40,880 Speaker 1: that the Russians would give him a ride home because 175 00:09:40,920 --> 00:09:44,440 Speaker 1: of the war in Ukraine. Before departing the International Space Station, 176 00:09:44,760 --> 00:09:50,040 Speaker 1: Russian cosmonaut Anton scarpul Off talked about continued cooperation in space. 177 00:09:50,400 --> 00:09:56,120 Speaker 1: People have problem on us on orbit. Yeah, like, uh, 178 00:09:56,559 --> 00:09:59,839 Speaker 1: you're not like one crew, they are dudes and like 179 00:10:00,080 --> 00:10:02,880 Speaker 1: end in Kazakhstan. This morning Global News twenty four hours 180 00:10:02,880 --> 00:10:05,000 Speaker 1: a day on air and on Bloomberg Quick Take, powered 181 00:10:05,040 --> 00:10:07,440 Speaker 1: by more than seven hundred journalists and analysts and more 182 00:10:07,480 --> 00:10:10,079 Speaker 1: than a hundred twenty countries. And Michael Vard this is Bloomberg, Nathan, 183 00:10:10,120 --> 00:10:16,640 Speaker 1: Thank you, Michael. Just about six ten on Wall Street. 184 00:10:16,679 --> 00:10:19,439 Speaker 1: Time for the Bloomberg Sports Update with John Stanhower. All right, Nathan, 185 00:10:19,440 --> 00:10:23,400 Speaker 1: Regular seasons winding down playoff positions. Being Jockey four, Rangers 186 00:10:23,400 --> 00:10:25,439 Speaker 1: would love to have home ice advantage in the first round. 187 00:10:25,440 --> 00:10:28,320 Speaker 1: They only lost six regulation home games all season. They're 188 00:10:28,360 --> 00:10:30,760 Speaker 1: battling with Pittsburgh. They beat the Penguins three to to 189 00:10:30,840 --> 00:10:33,400 Speaker 1: move one point ahead. Frank Pctronto Braden Schnyder scored in 190 00:10:33,400 --> 00:10:36,000 Speaker 1: the second period that Chris Dryder early in the third 191 00:10:36,040 --> 00:10:38,480 Speaker 1: forty fifth goal of the season for Cryder. The Islanders 192 00:10:38,480 --> 00:10:40,720 Speaker 1: won four three at Columbus. The Nets had to come 193 00:10:40,760 --> 00:10:44,120 Speaker 1: from behind and Brooklyn, but they beat Detroit one thirty three. 194 00:10:44,200 --> 00:10:46,679 Speaker 1: Kevin Durant scort forty one point at the Garden and 195 00:10:46,800 --> 00:10:49,480 Speaker 1: I T semifinal wins for Xavier and Texas A and M. 196 00:10:49,480 --> 00:10:51,560 Speaker 1: They'll play tomorrow of the champion chip. Could be the 197 00:10:51,640 --> 00:10:53,760 Speaker 1: last n I T game in New York, at least 198 00:10:53,800 --> 00:10:56,800 Speaker 1: for a while. Until last year, the tournament always ended 199 00:10:57,200 --> 00:10:59,360 Speaker 1: at MSG. Now they're gonna move it around to other 200 00:10:59,400 --> 00:11:01,680 Speaker 1: cities and Lorida tend not to win for the Mets 201 00:11:01,679 --> 00:11:05,040 Speaker 1: of the Marlins. Another home run for Francisco Lindor. Disappointment 202 00:11:05,040 --> 00:11:06,920 Speaker 1: in his first season as the Mempanies at four home 203 00:11:07,040 --> 00:11:11,000 Speaker 1: runs in twenty spring training at bask Yankees fourteen to 204 00:11:11,080 --> 00:11:14,320 Speaker 1: two over the Phillies. Fourth homer for Kyla Gasca Yoka. 205 00:11:14,559 --> 00:11:16,720 Speaker 1: Head of val Commissioner Roger good Elm at the media 206 00:11:16,760 --> 00:11:18,800 Speaker 1: at the owners meetings in Palm Beach. Asked about the 207 00:11:18,880 --> 00:11:22,160 Speaker 1: league possibly suspending quarterback to Shawn Watson, who is still 208 00:11:22,200 --> 00:11:28,440 Speaker 1: facing twenty two civil lawsuits of sexual misconduct. You know, 209 00:11:28,559 --> 00:11:33,200 Speaker 1: these are serious chargers that we're looking at this seriously. Um. 210 00:11:33,360 --> 00:11:36,760 Speaker 1: We now have obviously at least resolution from the criminal 211 00:11:36,800 --> 00:11:40,400 Speaker 1: side of it. Obviously there's still civil charges that we're 212 00:11:40,440 --> 00:11:43,720 Speaker 1: going on, so ours is hopefully we'll have access to 213 00:11:43,760 --> 00:11:46,719 Speaker 1: more information. Watson was recently traded to Cleveland, where he 214 00:11:46,760 --> 00:11:50,880 Speaker 1: got a massive new contract. Johns Dashwart Bloomberg Sports thanks 215 00:11:50,880 --> 00:11:54,360 Speaker 1: shown red headline crossing the Bloomberg terminal. The Kremlin reports 216 00:11:54,440 --> 00:11:57,960 Speaker 1: no breakthrough in Ukraine, tucks and says much work remains. 217 00:11:58,000 --> 00:12:02,040 Speaker 1: The latest on the war. Next with Bloomberg's Rosalin mathis 218 00:12:02,040 --> 00:12:09,000 Speaker 1: and this is Bloomberg. Bloomberg Day Break brought to you 219 00:12:09,040 --> 00:12:12,280 Speaker 1: by ancient accountants and advisors. Challenging times call for proactive 220 00:12:12,320 --> 00:12:15,480 Speaker 1: advisors who helped minimize taxes, increase ash flow, and create 221 00:12:15,480 --> 00:12:18,920 Speaker 1: opportunities for the future of your business. Visit ancient dot 222 00:12:18,960 --> 00:12:25,200 Speaker 1: com markets, headlines and breaking news twenty four hours a 223 00:12:25,280 --> 00:12:28,560 Speaker 1: day at Bloomberg dot Com. The Bloomberg Business Outland at 224 00:12:28,600 --> 00:12:38,160 Speaker 1: Bloomberg quick tape. This is a Bloomberg business flash and 225 00:12:38,280 --> 00:12:41,240 Speaker 1: I'm camer in Moscow. US DOT index futures are lower 226 00:12:41,320 --> 00:12:44,160 Speaker 1: this morning amid mornings at gains of the past two weeks, 227 00:12:44,160 --> 00:12:46,720 Speaker 1: at the hallmarks of a bear market rally, and concerns 228 00:12:46,720 --> 00:12:49,680 Speaker 1: at the treasury curve signals a looming recession. We checked 229 00:12:49,679 --> 00:12:52,360 Speaker 1: the markets every fifteen minutes throughout the trading day on 230 00:12:52,400 --> 00:12:55,240 Speaker 1: Bloomberg Guess and P futures down twenty points down, features 231 00:12:55,240 --> 00:12:57,920 Speaker 1: down a hundred twenty eight and NAZDAC futures down ninety five. 232 00:12:58,200 --> 00:13:00,480 Speaker 1: The decks in Germany's down one and a half percent. 233 00:13:00,520 --> 00:13:03,319 Speaker 1: The ten year treasury down three thirty seconds yield two 234 00:13:03,320 --> 00:13:05,559 Speaker 1: point four zero percent. They yield on the two year 235 00:13:05,640 --> 00:13:08,599 Speaker 1: two point three two percent. Nine max Screwed oil is 236 00:13:08,679 --> 00:13:10,920 Speaker 1: up about two percent or two dollars three cents at 237 00:13:10,840 --> 00:13:13,600 Speaker 1: a hundred six dollars twenty five cents of barrel. Comic 238 00:13:13,640 --> 00:13:16,240 Speaker 1: schooled that four tenths percent or seven dollar sixty cents 239 00:13:16,240 --> 00:13:19,440 Speaker 1: at nineteen twenty five sixty announced the euro one point 240 00:13:19,480 --> 00:13:21,720 Speaker 1: one one to nine against the dollar. British found one 241 00:13:21,720 --> 00:13:23,960 Speaker 1: point three one four four. The yen has at one 242 00:13:24,200 --> 00:13:27,280 Speaker 1: d twenty one point eight eight and bitcoin this morning 243 00:13:27,320 --> 00:13:30,160 Speaker 1: moving lower down half percent at forty seven thousand, two 244 00:13:30,200 --> 00:13:33,760 Speaker 1: hundred sixty dollars. BioNTech says it plans a share of 245 00:13:33,840 --> 00:13:35,560 Speaker 1: buy back of as much as one and a half 246 00:13:35,640 --> 00:13:38,840 Speaker 1: billion dollars and will propose a special dividend for during 247 00:13:38,880 --> 00:13:41,160 Speaker 1: some of the profits from its best selling COVID nineteen 248 00:13:41,280 --> 00:13:44,880 Speaker 1: vaccine too shareholders. That's a Bloomberg business flash. Now here's 249 00:13:44,920 --> 00:13:47,160 Speaker 1: Michael Barrow with more on what's going on around the world. 250 00:13:47,240 --> 00:13:50,600 Speaker 1: Muddel Karen, thank you very much. Russia's pledge to scale 251 00:13:50,640 --> 00:13:55,319 Speaker 1: backs and military operations in Ukraine is drawing skepticism. Ukrainian 252 00:13:55,360 --> 00:13:58,480 Speaker 1: President Volodair Zelenski said there was no reason to believe 253 00:13:58,520 --> 00:14:02,160 Speaker 1: Russia's announcement that it would reduced military activity near the 254 00:14:02,160 --> 00:14:05,640 Speaker 1: capital of Kiev given what's happening on the ground. Thousands 255 00:14:05,679 --> 00:14:08,800 Speaker 1: have died and the u N Refugee Agency says more 256 00:14:08,840 --> 00:14:12,520 Speaker 1: than four million Ukrainians have led the country. A green 257 00:14:12,640 --> 00:14:15,040 Speaker 1: light has been given to a second booster shot of 258 00:14:15,120 --> 00:14:19,160 Speaker 1: the MODERNA and fires your vaccines for Americans over fifty 259 00:14:19,200 --> 00:14:23,000 Speaker 1: and the immune compromised. The decision comes as there's concerned 260 00:14:23,080 --> 00:14:25,960 Speaker 1: over a new COVID nineteen variant. In the NBA, the 261 00:14:26,000 --> 00:14:29,200 Speaker 1: Nets one, the Wizards lost. In the NHL, the Rangers 262 00:14:29,200 --> 00:14:32,440 Speaker 1: and Islanders won, the Bruins lost. Global News twenty four 263 00:14:32,480 --> 00:14:35,800 Speaker 1: hours a day on air and on Bloomberg Quicktake, powered 264 00:14:35,800 --> 00:14:38,760 Speaker 1: by more than twenty seven hundred journalists and analysts in 265 00:14:38,800 --> 00:14:41,640 Speaker 1: more than one d twenty countries. Michael Barr and this 266 00:14:42,080 --> 00:14:44,880 Speaker 1: is Bloomberg all right, Michael, Thanks, six nineteen on Wall 267 00:14:44,920 --> 00:14:48,080 Speaker 1: Street Live from the Bloomberg Interactive Brokers studios. This is 268 00:14:48,120 --> 00:14:51,240 Speaker 1: Bloomberg Daybreak, and we're joined now by Bloomberg News Executive 269 00:14:51,320 --> 00:14:55,240 Speaker 1: editor for International Government, Rosalind Matheson. Just as we're hearing 270 00:14:55,400 --> 00:14:59,920 Speaker 1: from the Kremlin after yesterday's talks with Ukraine. In turn, 271 00:15:00,040 --> 00:15:04,680 Speaker 1: the headline this morning from spokesman Dmitri Pescalf, Russia doesn't 272 00:15:04,720 --> 00:15:07,840 Speaker 1: observe any breakthrough in Ukraine talks and a lot of 273 00:15:07,840 --> 00:15:11,160 Speaker 1: work remains to be done. Riz It seems like this 274 00:15:11,240 --> 00:15:14,680 Speaker 1: is just adding to the whipsite effect. Well, that's right, 275 00:15:14,720 --> 00:15:17,600 Speaker 1: but in fact, yesterday when they had these talks in Istanbul, 276 00:15:17,680 --> 00:15:20,400 Speaker 1: they came away with no great progress at all. There 277 00:15:20,480 --> 00:15:22,880 Speaker 1: wasn't even a temporary ceased far that was announced. There 278 00:15:22,880 --> 00:15:25,600 Speaker 1: had been hopes going into the talks that that could happen, 279 00:15:25,760 --> 00:15:29,240 Speaker 1: and they actually ended a day early. After that first 280 00:15:29,320 --> 00:15:32,080 Speaker 1: round of discussions, it seems it was mostly an exercise 281 00:15:32,520 --> 00:15:34,720 Speaker 1: in each side getting to put out their positions on 282 00:15:34,760 --> 00:15:37,840 Speaker 1: the table again, indicate where their red lines were for 283 00:15:37,920 --> 00:15:41,120 Speaker 1: any sort of further discussion around a potential peace steal, 284 00:15:41,520 --> 00:15:44,560 Speaker 1: and leave again. So it's it's pretty much stating the 285 00:15:44,600 --> 00:15:48,320 Speaker 1: obvious by the Kremlin that there was no breakthroughs here. Certainly, Also, 286 00:15:48,360 --> 00:15:51,800 Speaker 1: their announcement yesterday that they were going to deescalate around 287 00:15:51,920 --> 00:15:54,720 Speaker 1: Kiev was nothing new, because that just reflects the events 288 00:15:54,720 --> 00:15:57,760 Speaker 1: on the ground that have been happening the past few weeks. Already, 289 00:15:57,840 --> 00:16:00,520 Speaker 1: Russia has been very bogged down there. Their troops have 290 00:16:00,560 --> 00:16:03,240 Speaker 1: been stuck and so they have made a tactical decision 291 00:16:03,640 --> 00:16:06,840 Speaker 1: to withdraw there, to to divert those resources to other 292 00:16:06,880 --> 00:16:10,680 Speaker 1: plates places in Ukraine, particularly in the east and the south, 293 00:16:10,720 --> 00:16:13,440 Speaker 1: and we group in the conflict. So it wasn't really 294 00:16:13,440 --> 00:16:16,120 Speaker 1: a magnanimous gesture to allow space for peace talks. There 295 00:16:16,200 --> 00:16:18,440 Speaker 1: was a reflection of the reality of the war on 296 00:16:18,480 --> 00:16:21,520 Speaker 1: the ground of nothing else, and even as Russia has 297 00:16:21,560 --> 00:16:24,560 Speaker 1: said that it does plan to the escalate. We're hearing 298 00:16:24,640 --> 00:16:28,920 Speaker 1: reports from Ukrainian leaders that near the cities where Russia 299 00:16:29,000 --> 00:16:31,880 Speaker 1: says it will pull back Kiv in turnitive, there's been 300 00:16:32,080 --> 00:16:36,000 Speaker 1: continued shelling in the overnight hours. Where do things go 301 00:16:36,280 --> 00:16:40,080 Speaker 1: from here now rise, Well, that's right, there was indeed 302 00:16:40,120 --> 00:16:44,200 Speaker 1: overnight shelling in both those places um and fighting on 303 00:16:44,240 --> 00:16:47,200 Speaker 1: the ground. The fighting could reflect the troops as they 304 00:16:47,240 --> 00:16:51,080 Speaker 1: withdraw that you can be engaged in in conflict even 305 00:16:51,080 --> 00:16:53,920 Speaker 1: as you are pulling back and possibly to the Yelloous 306 00:16:54,000 --> 00:16:57,560 Speaker 1: border and three. But it's also again just giving themselves 307 00:16:57,640 --> 00:17:00,840 Speaker 1: cover to divert some of those resources to the east. 308 00:17:00,920 --> 00:17:04,000 Speaker 1: You've seen very heavy shelling in parts of the east 309 00:17:04,000 --> 00:17:06,560 Speaker 1: and the south overnight no let up again for the 310 00:17:06,560 --> 00:17:09,520 Speaker 1: city of Mariopoorl, but also in those separatist areas of 311 00:17:09,760 --> 00:17:13,240 Speaker 1: the Dombas territories in the east. So you can see 312 00:17:13,280 --> 00:17:16,080 Speaker 1: that there's not going to be no perhaps the escalation 313 00:17:16,160 --> 00:17:18,639 Speaker 1: of the shelling that's been going on of these cities. 314 00:17:18,680 --> 00:17:21,320 Speaker 1: Even if the troops do you pull back their ground, 315 00:17:21,440 --> 00:17:23,520 Speaker 1: that Russia is going to sustain the pressure and that's 316 00:17:23,560 --> 00:17:27,159 Speaker 1: probably also to ensure that Ukraine has no leeway to 317 00:17:27,240 --> 00:17:29,960 Speaker 1: divert its troops over to the east. In the south, 318 00:17:30,000 --> 00:17:31,800 Speaker 1: you need to keep some pressure on in the north 319 00:17:32,040 --> 00:17:34,720 Speaker 1: to prevent Ukraine having the opportunity to move their troops 320 00:17:34,720 --> 00:17:37,720 Speaker 1: around as well. You mentioned the talks that were planned 321 00:17:37,760 --> 00:17:41,359 Speaker 1: for today apparently are canceled. Now we just heard from 322 00:17:41,880 --> 00:17:44,480 Speaker 1: Dmitri Pascal at the Kremlin saying a lot of work 323 00:17:44,600 --> 00:17:47,280 Speaker 1: does remain to be done. Do we have any sense 324 00:17:47,359 --> 00:17:50,919 Speaker 1: at this point that there will be further discussions and 325 00:17:50,960 --> 00:17:54,119 Speaker 1: what could they entail. Well, at least there seems to 326 00:17:54,200 --> 00:17:56,639 Speaker 1: be in intent to keep the conversation going. There was 327 00:17:56,680 --> 00:17:59,520 Speaker 1: no date set though for further talks, and perhaps they 328 00:17:59,600 --> 00:18:03,080 Speaker 1: might be going back to having video conferencing meetings every 329 00:18:03,160 --> 00:18:06,320 Speaker 1: day for now instead. At least they got perhaps a 330 00:18:06,320 --> 00:18:09,639 Speaker 1: bit of a measure of each other in the conversation yesterday. 331 00:18:09,840 --> 00:18:12,480 Speaker 1: Ukraine got the opportunity to set out the small areas 332 00:18:12,520 --> 00:18:15,199 Speaker 1: of wiggle room it might be prepared to entertain in 333 00:18:15,240 --> 00:18:19,480 Speaker 1: a broader conversation and laid out some markers there. Russia 334 00:18:19,680 --> 00:18:21,800 Speaker 1: did the same, but you can see the obstacles are 335 00:18:21,920 --> 00:18:24,560 Speaker 1: very significant to a broader piece. Still, if they failed 336 00:18:24,720 --> 00:18:28,040 Speaker 1: even to get a temporary Cisfar yesterday. That has to 337 00:18:28,040 --> 00:18:30,000 Speaker 1: be the first step really is to get a temporary 338 00:18:30,000 --> 00:18:32,520 Speaker 1: truth in the fighting. You allow the space for a 339 00:18:32,600 --> 00:18:35,240 Speaker 1: conversation then for a broader deal. And they can't even 340 00:18:35,240 --> 00:18:38,200 Speaker 1: get to that first marker as yet in our last 341 00:18:38,240 --> 00:18:41,800 Speaker 1: minute here. Not the least of which for the hurdles 342 00:18:42,040 --> 00:18:45,639 Speaker 1: with the talks seems to be the trust gap that 343 00:18:45,840 --> 00:18:48,680 Speaker 1: Ukraine has with Russia. Do we have any sense of 344 00:18:48,720 --> 00:18:52,600 Speaker 1: what it would take for Ukraine to trust Russia after 345 00:18:52,680 --> 00:18:55,600 Speaker 1: all the renegging that the Russian side has done even 346 00:18:55,640 --> 00:18:59,159 Speaker 1: before the invasion. Well, it seems that Ukraine wants to 347 00:18:59,240 --> 00:19:01,560 Speaker 1: lay at a position where it wouldn't have to trust Russia. 348 00:19:01,640 --> 00:19:04,280 Speaker 1: It will have the support of other nations, a sort 349 00:19:04,280 --> 00:19:07,240 Speaker 1: of a guarantee of sorts to keep Russia in its 350 00:19:07,320 --> 00:19:09,960 Speaker 1: lane going forward. And that's why it's looking to a 351 00:19:10,080 --> 00:19:13,000 Speaker 1: whole host of countries around the world, possibly a dozen 352 00:19:13,040 --> 00:19:16,119 Speaker 1: of them, to sign up for written security guarantees for Ukraine, 353 00:19:16,160 --> 00:19:19,000 Speaker 1: so that if Russia says or does certain things, they've 354 00:19:19,040 --> 00:19:21,880 Speaker 1: got support from the international community. Of course, that would 355 00:19:21,880 --> 00:19:24,680 Speaker 1: probably still stop short of putting troops on the ground 356 00:19:24,680 --> 00:19:27,280 Speaker 1: in Ukraine, but that sort of that really sends a signal. 357 00:19:27,400 --> 00:19:28,960 Speaker 1: Ukraine says, We're not going to be able to trust 358 00:19:29,040 --> 00:19:30,760 Speaker 1: Russia no matter what they say, and we're going to 359 00:19:30,880 --> 00:19:34,800 Speaker 1: need these guarantees from elsewhere to ensure that Russia behaves itself. 360 00:19:35,440 --> 00:19:37,359 Speaker 1: Thank you, as always for keeping us up to speed. 361 00:19:37,440 --> 00:19:41,520 Speaker 1: Rosalind mathieson Bloomberg News, Executive editor for International Government and 362 00:19:41,560 --> 00:19:44,440 Speaker 1: again reiterating the headline from the Kremlin this morning, It's 363 00:19:44,480 --> 00:19:48,160 Speaker 1: spokesman Dmitry Peskov says that Russia does not observe any 364 00:19:48,160 --> 00:19:50,440 Speaker 1: breakthrough in talks with Ukraine and a lot of work 365 00:19:50,760 --> 00:19:54,320 Speaker 1: remains to be done. SMP Future is now down sixteen 366 00:19:54,359 --> 00:19:57,200 Speaker 1: points to our futures down a hundred nastack futures lower 367 00:19:57,520 --> 00:20:00,760 Speaker 1: by seventy nine points in the tenure treasury two point 368 00:20:00,800 --> 00:20:08,840 Speaker 1: four percent. This is Bloomberg Bloomberg Daybreak, brought to you 369 00:20:08,840 --> 00:20:11,800 Speaker 1: by the Jewish Communal Fund JCFS. Donor advised fund is 370 00:20:11,840 --> 00:20:14,560 Speaker 1: the smart choice to manage our philanthropy, especially in times 371 00:20:14,560 --> 00:20:17,440 Speaker 1: of crisis. Make your giving impactful. Visit j c F 372 00:20:17,600 --> 00:20:25,159 Speaker 1: n y dot org. Broadcasting live from the Bloomberg Interactive 373 00:20:25,160 --> 00:20:28,280 Speaker 1: Broker Studio in New York. Bloomberg e Living Free Home 374 00:20:28,400 --> 00:20:32,280 Speaker 1: to Washington, d C. Bloomberg nine one to Boston, Bloomberg 375 00:20:32,359 --> 00:20:35,560 Speaker 1: on A six one to San Francisco, Bloomberg nine sixteen 376 00:20:35,640 --> 00:20:38,240 Speaker 1: to the country, Sirius XM to the one nine team, 377 00:20:38,359 --> 00:20:41,520 Speaker 1: and around the globe the Bloomberg Business app and Bloomberg 378 00:20:41,600 --> 00:20:51,280 Speaker 1: Radio dot Com. This is Bloomberg Daybreak six thirty on 379 00:20:51,320 --> 00:20:54,720 Speaker 1: Wall Street. Good morning, I'm Nathan Hagar and I'm Karen Moscow. 380 00:20:54,760 --> 00:20:57,200 Speaker 1: When we're just about three hours away from the open 381 00:20:57,200 --> 00:20:58,960 Speaker 1: of US trading, Let's get you up to date on 382 00:20:58,960 --> 00:21:01,280 Speaker 1: the news you need to know this hour. Russia has 383 00:21:01,280 --> 00:21:04,520 Speaker 1: promised to cut back military operations near two key cities 384 00:21:04,560 --> 00:21:07,600 Speaker 1: in Ukraine, including the capital Kiev, but the U S 385 00:21:07,640 --> 00:21:10,959 Speaker 1: And NATO have their doubts. After the latest round of negotiations, 386 00:21:11,160 --> 00:21:13,440 Speaker 1: we're still seeing fighting to the north and west of Kiev, 387 00:21:13,520 --> 00:21:17,200 Speaker 1: and the Kremlin says there's been no breakthrough in talks. 388 00:21:17,200 --> 00:21:20,240 Speaker 1: Here's Pentagon spokesman John Kirby. We're not prepared to call 389 00:21:20,359 --> 00:21:22,960 Speaker 1: us a retreat or even a withdrawal. We think that 390 00:21:22,960 --> 00:21:25,240 Speaker 1: that what they probably have in mind is a repositioning 391 00:21:25,240 --> 00:21:28,280 Speaker 1: to prioritize elsewhere. John Kirby at the Pentagon says air 392 00:21:28,320 --> 00:21:31,280 Speaker 1: strikes on Kiev are still happening, so the threat has 393 00:21:31,359 --> 00:21:36,160 Speaker 1: not radically diminished. And in Ukraine meantime, Karen, President Vladimir 394 00:21:36,240 --> 00:21:40,040 Speaker 1: z Lensky also has his doubts. We are seeing all 395 00:21:40,080 --> 00:21:42,479 Speaker 1: of the risks. Of course, we are not seeing grounds 396 00:21:42,480 --> 00:21:45,199 Speaker 1: to trust the words coming from representatives of the country 397 00:21:45,240 --> 00:21:48,200 Speaker 1: that continues fighting to destroy US. And President Zolensky says 398 00:21:48,200 --> 00:21:50,280 Speaker 1: there are grounds not to trust Russia. And the regional 399 00:21:50,320 --> 00:21:53,080 Speaker 1: governor says the city of Chernihiv was shelled all night 400 00:21:53,200 --> 00:21:56,040 Speaker 1: this fight Russia's promises. The u N says more than 401 00:21:56,119 --> 00:21:59,320 Speaker 1: four million refugees have now fled Ukraine. That's nearly ten 402 00:21:59,400 --> 00:22:02,240 Speaker 1: percent of the population. I'll back here in the US night, 403 00:22:02,359 --> 00:22:04,880 Speaker 1: and we have new revelations tied to the January six 404 00:22:04,920 --> 00:22:08,440 Speaker 1: attack on the Capitol. The House committee investigating the insurrection 405 00:22:08,520 --> 00:22:12,440 Speaker 1: has questions about former President Trump's calls that day. They've 406 00:22:12,520 --> 00:22:16,159 Speaker 1: uncovered a seven hour gap in the President's phone logs. 407 00:22:16,359 --> 00:22:18,639 Speaker 1: The gap covers a period when lawmakers are trying to 408 00:22:18,640 --> 00:22:20,840 Speaker 1: get him to stop the mob We're also focusing on 409 00:22:20,880 --> 00:22:23,080 Speaker 1: crypto this morning, Karen, after what's being called one of 410 00:22:23,080 --> 00:22:26,280 Speaker 1: the biggest cryptocurrency attacks ever, and it wasn't discovered for 411 00:22:26,320 --> 00:22:29,000 Speaker 1: almost a week. Let's get the details live from Bloomberg's 412 00:22:29,040 --> 00:22:32,000 Speaker 1: Rnity Young. Good morning, Grenita, Good morning Nathan. Hackers stole 413 00:22:32,040 --> 00:22:35,840 Speaker 1: about six hundred million dollars from a blockchain network connected 414 00:22:35,880 --> 00:22:39,400 Speaker 1: to the popular Axie Infinity online game. They drained what's 415 00:22:39,440 --> 00:22:42,600 Speaker 1: known as the Ronan Bridge of close to one seventy 416 00:22:42,600 --> 00:22:46,879 Speaker 1: four thousand ether and almost thirty million U s DC tokens. 417 00:22:47,200 --> 00:22:50,120 Speaker 1: The so called bridge lets people convert tokens into ones 418 00:22:50,200 --> 00:22:52,960 Speaker 1: that can be used on another network. The blockchain that 419 00:22:53,040 --> 00:22:57,200 Speaker 1: supports Axie Infinity says the breeds happened in March twenty three, 420 00:22:57,280 --> 00:23:00,920 Speaker 1: but was just discovered yesterday. Lie in New York, I'm 421 00:23:00,920 --> 00:23:03,200 Speaker 1: re need a young Bloomberg daybreak a right, we need 422 00:23:03,200 --> 00:23:05,400 Speaker 1: to thank you, And turning to the stock market now, 423 00:23:05,520 --> 00:23:08,840 Speaker 1: futures are lower after four straight days of gains. Oil 424 00:23:09,040 --> 00:23:11,560 Speaker 1: is rising as optimism about a de escalation and the 425 00:23:11,560 --> 00:23:14,359 Speaker 1: war in Ukraine fades and checking crewed right now and 426 00:23:14,400 --> 00:23:16,880 Speaker 1: I'm ex screwed. Oil is up one percent of a 427 00:23:16,920 --> 00:23:19,400 Speaker 1: dollar eighty eight at a hundred six dollars twelve cents 428 00:23:19,400 --> 00:23:22,000 Speaker 1: of barrel. Brent is up one point six percent at 429 00:23:22,040 --> 00:23:25,320 Speaker 1: a hundred eleven dollars nine cents S and P. Future 430 00:23:25,359 --> 00:23:27,640 Speaker 1: is down sixteen points this morning. Down Future is down 431 00:23:27,640 --> 00:23:30,679 Speaker 1: a hundred nasday, Futures down seventy eight. Straight ahead your 432 00:23:30,720 --> 00:23:33,520 Speaker 1: latest local headlines, plus a check of sports, and this 433 00:23:33,960 --> 00:23:39,760 Speaker 1: is Bloomberg. Okay, here in thanks. Six thirty three on 434 00:23:39,760 --> 00:23:42,600 Speaker 1: Wall Street. Still thirty degrees in Central Park. They've cleared 435 00:23:42,640 --> 00:23:45,240 Speaker 1: the accident on the Arizono Bridge. We'll check with traffic 436 00:23:45,320 --> 00:23:49,080 Speaker 1: shortly on any lingering delays. First. Michael Barr has more 437 00:23:49,119 --> 00:23:50,880 Speaker 1: on what's going on in New York and around the world. 438 00:23:50,920 --> 00:23:54,000 Speaker 1: Good morning, Michael, Good morning Nathan. Three police officers are 439 00:23:54,000 --> 00:23:57,399 Speaker 1: wounded in Buffalo after someone fled a traffic stop and 440 00:23:57,480 --> 00:24:00,520 Speaker 1: lead officers on a long chase through the city and 441 00:24:00,680 --> 00:24:05,119 Speaker 1: shot at them. Buffalo Police Commissioner Joseph Gramaglia one of 442 00:24:05,160 --> 00:24:08,080 Speaker 1: the police vehicles being shot at. An officer was struck. 443 00:24:08,600 --> 00:24:12,200 Speaker 1: Um was hit through the police vehicle windshield was struck 444 00:24:12,320 --> 00:24:16,520 Speaker 1: multiple times. Um pursued continued on with the suspect vehicle 445 00:24:16,560 --> 00:24:20,800 Speaker 1: continuing to shoot. Buffalo Mayor Byron Brown says two suspects 446 00:24:20,800 --> 00:24:25,600 Speaker 1: are in custody. This was a very brazen situation with 447 00:24:26,520 --> 00:24:32,240 Speaker 1: a suspect shooting from a vehicle at police officers. Mayor 448 00:24:32,280 --> 00:24:34,959 Speaker 1: Brown says the wild chase ended at an intersection in 449 00:24:35,000 --> 00:24:37,520 Speaker 1: front of a police station, where officers shot and wounded 450 00:24:37,600 --> 00:24:40,840 Speaker 1: the driver. New York's Attorney General is asking a state 451 00:24:40,880 --> 00:24:44,639 Speaker 1: appeals court to uphold a lower court ruling requiring former 452 00:24:44,680 --> 00:24:47,840 Speaker 1: President Donald Trump to answer questions under oath A g 453 00:24:48,040 --> 00:24:51,960 Speaker 1: Letitia James has a civil investigation into his business practices 454 00:24:52,400 --> 00:24:55,639 Speaker 1: uncovered evidence that he may have misstated the value of 455 00:24:55,640 --> 00:24:59,879 Speaker 1: assets like golf courses and skyscrapers on financial statements for 456 00:25:00,080 --> 00:25:03,199 Speaker 1: more than a decade. President Biden signed into law the 457 00:25:03,240 --> 00:25:06,920 Speaker 1: Emmett Till Anti Lynching Act, which makes lynching a federal 458 00:25:07,000 --> 00:25:10,639 Speaker 1: hate crime. During remarks at the bill signing ceremony at 459 00:25:10,640 --> 00:25:12,760 Speaker 1: the White House Rose Garden, the President said, Hey, it 460 00:25:12,880 --> 00:25:16,239 Speaker 1: never goes away. It just hides Gracia. He isn't an 461 00:25:16,240 --> 00:25:20,440 Speaker 1: old problem, It's a persistent problem. Till, who was fourteen 462 00:25:20,520 --> 00:25:23,560 Speaker 1: from Chicago, was lynched while on a trip to Mississippi 463 00:25:23,680 --> 00:25:27,600 Speaker 1: in nineteen Israeli officials say at least five people have 464 00:25:27,640 --> 00:25:30,720 Speaker 1: been killed by a Palestinian gunman who opened fire in 465 00:25:30,720 --> 00:25:33,880 Speaker 1: a crowded city outside Tel Aviv. The shooter was killed 466 00:25:33,880 --> 00:25:36,920 Speaker 1: by police at the scene. California Governor Gavin knew Some 467 00:25:37,000 --> 00:25:41,720 Speaker 1: block parole for Charles Manson follower Leslie van Houghton, reversing 468 00:25:41,760 --> 00:25:44,840 Speaker 1: a panel's recommendation that she be freed after spending a 469 00:25:44,880 --> 00:25:47,880 Speaker 1: half century in prison. Van Outen, who is seventy two, 470 00:25:47,920 --> 00:25:50,520 Speaker 1: is serving a life sentence for helping Manson and other 471 00:25:50,560 --> 00:25:53,600 Speaker 1: cult members kill a Los Angeles grocer and his wife 472 00:25:53,640 --> 00:25:56,720 Speaker 1: in nineteen sixty nine. Global News twenty four hours a 473 00:25:56,840 --> 00:25:59,920 Speaker 1: day on air and on Bloomberg Quick Tank, powered by 474 00:26:00,040 --> 00:26:02,679 Speaker 1: more than twenty seven hundred journalists and analysts more than 475 00:26:02,720 --> 00:26:06,320 Speaker 1: a hundred twenty countries. Michael Barr and this is Bloomberg. Nathan, 476 00:26:06,480 --> 00:26:13,720 Speaker 1: Thanks Michael. Six thirty five on Wall Street Time for 477 00:26:13,720 --> 00:26:16,399 Speaker 1: the Bloomberg Sports Update with John Stashallen Nathan on the 478 00:26:16,520 --> 00:26:18,800 Speaker 1: three Rangers have scored fifty goals in the season. Vic 479 00:26:18,880 --> 00:26:21,600 Speaker 1: Hatfield back in nineteen seventy two, Adam Grays and the 480 00:26:21,640 --> 00:26:24,920 Speaker 1: Stanley kept winning four season and Yarmur Yager two thousand 481 00:26:24,920 --> 00:26:26,600 Speaker 1: and six. He's got the club record of fifty four. 482 00:26:26,680 --> 00:26:29,840 Speaker 1: Chris Stryder scored last night. He's got forty five goals. 483 00:26:29,840 --> 00:26:31,960 Speaker 1: There are still fifteen games left. Big win for the 484 00:26:32,000 --> 00:26:34,560 Speaker 1: Blue Shirts three two in Pittsburgh. They move ahead of 485 00:26:34,560 --> 00:26:37,240 Speaker 1: the Penguins in the second place in the division. Islanders 486 00:26:37,240 --> 00:26:39,639 Speaker 1: won four three at Columbus, the nets first home win 487 00:26:39,720 --> 00:26:42,880 Speaker 1: that included Kyrie urry. They came from behind beat Detroit 488 00:26:43,000 --> 00:26:48,600 Speaker 1: one three Cavinaants, but forty one points is good. But 489 00:26:48,600 --> 00:26:51,280 Speaker 1: they still got provs over there. And tonight a shots. 490 00:26:51,320 --> 00:26:52,919 Speaker 1: You know, they start off the game again. Six three 491 00:26:53,040 --> 00:26:55,120 Speaker 1: is in the first quarter. They give you a lot 492 00:26:55,119 --> 00:26:57,520 Speaker 1: of confidence as a team, you know, So we had 493 00:26:57,560 --> 00:26:59,560 Speaker 1: to uh just go for us to go from periods 494 00:26:59,600 --> 00:27:02,240 Speaker 1: like that will be times in the playoffs. Team get 495 00:27:02,280 --> 00:27:05,560 Speaker 1: hunt unexpectedly and see how weather storms like the Nets 496 00:27:05,560 --> 00:27:07,520 Speaker 1: will be in the play in for the right to 497 00:27:07,520 --> 00:27:10,200 Speaker 1: be in the playoffs. Next tonight host Charlotte Nick's going 498 00:27:10,200 --> 00:27:11,760 Speaker 1: for a fifth grade win at the Garden. N i 499 00:27:11,840 --> 00:27:14,679 Speaker 1: T semifinal wins for Texas A and M and Xavier, 500 00:27:14,720 --> 00:27:16,600 Speaker 1: who fired its coach during the n i T. The 501 00:27:16,600 --> 00:27:19,320 Speaker 1: two teams played tomorrow for the championship. The NFL and 502 00:27:19,359 --> 00:27:22,040 Speaker 1: an effort to downplay the importance of winning the coin 503 00:27:22,080 --> 00:27:25,640 Speaker 1: flip that starts overtime, changing its overtime rules at least 504 00:27:25,640 --> 00:27:27,960 Speaker 1: for the playoffs. No longer will a touchdown win you 505 00:27:28,000 --> 00:27:30,119 Speaker 1: the game. Both teams will now be assured of a 506 00:27:30,160 --> 00:27:33,359 Speaker 1: possession safety. Jabrill Peppers leaving the Giants, he signed with 507 00:27:33,400 --> 00:27:36,200 Speaker 1: the Patriots coming off at torn A c l Well 508 00:27:36,200 --> 00:27:39,520 Speaker 1: Tiger Woods play the upcoming Masters fourteen months after the 509 00:27:39,560 --> 00:27:43,240 Speaker 1: car accident. Tigers played in eighteen whole practice round ed Augusta, 510 00:27:43,320 --> 00:27:47,160 Speaker 1: Nashville with Justin Thomas, the Tiger's son, John Stash Edward 511 00:27:47,200 --> 00:27:50,520 Speaker 1: Bloomberg Sports didn't all right? John? Thanks sixty seven on 512 00:27:50,560 --> 00:27:52,600 Speaker 1: Wall Street Time now to take a look at stocks, 513 00:27:52,600 --> 00:27:54,840 Speaker 1: some of the names moving in the pre market. For that, 514 00:27:54,960 --> 00:27:58,120 Speaker 1: we're joined by Bloomberg's Laura, Right, Laura, quite a few 515 00:27:58,119 --> 00:28:01,440 Speaker 1: stocks moving this morning and earnings. Where do you want 516 00:28:01,440 --> 00:28:05,399 Speaker 1: to start? Micron Technology rallying three and a half percent 517 00:28:05,480 --> 00:28:08,480 Speaker 1: ahead of the bell after a positive after ours move 518 00:28:08,600 --> 00:28:11,840 Speaker 1: as well. Now it's the largest US maker of memory chips, 519 00:28:11,880 --> 00:28:16,320 Speaker 1: and they forecast a record fiscal twenty two years. They 520 00:28:16,400 --> 00:28:19,560 Speaker 1: focus on memory chips which are used in a variety 521 00:28:19,600 --> 00:28:22,760 Speaker 1: of products, and that includes data centers, where sales soword 522 00:28:22,920 --> 00:28:26,639 Speaker 1: six last quarter, and this demand for memory chips it 523 00:28:26,760 --> 00:28:31,320 Speaker 1: compensates for a flatlining of PC shipments as this part 524 00:28:31,400 --> 00:28:34,520 Speaker 1: of the business is decelerating. Many customers already upgraded their 525 00:28:34,560 --> 00:28:38,200 Speaker 1: computer devices over the pandemic, important news given the chips 526 00:28:38,200 --> 00:28:40,520 Speaker 1: shortage I've been dealing with over the last few months. 527 00:28:40,520 --> 00:28:43,640 Speaker 1: They're also seeing a big move in Lulu lemon trading 528 00:28:43,680 --> 00:28:46,840 Speaker 1: this morning. We are one of my favorite brands of 529 00:28:46,880 --> 00:28:49,920 Speaker 1: premium at leisure Maker. It is a big fan of 530 00:28:49,960 --> 00:28:53,720 Speaker 1: the leggings at seven point in the pre market right now, 531 00:28:53,920 --> 00:28:56,280 Speaker 1: coming out with the sales forecast for the current quarter 532 00:28:56,440 --> 00:29:00,280 Speaker 1: and year that's surpassed estimates, and interestingly, Lulu lemon oounced 533 00:29:00,320 --> 00:29:03,480 Speaker 1: a one billion dollar share buyback program. Demand has been 534 00:29:03,600 --> 00:29:05,920 Speaker 1: robust since the pandemic, where a lot of us have 535 00:29:06,040 --> 00:29:09,720 Speaker 1: maintained those lifestyle changes. We're working from home, we're outside more. 536 00:29:10,680 --> 00:29:13,520 Speaker 1: Are you a big fan of pet stacks? And I 537 00:29:13,600 --> 00:29:17,160 Speaker 1: see Chewy's not doing so well after it's earnings. I 538 00:29:17,240 --> 00:29:19,560 Speaker 1: don't have a dog yet, but it's sad to say, 539 00:29:19,600 --> 00:29:22,040 Speaker 1: even if I purchased this one, it probably wouldn't help 540 00:29:22,200 --> 00:29:25,680 Speaker 1: the situation that Chewi is going through right now. I mean, 541 00:29:25,920 --> 00:29:28,640 Speaker 1: it's just a case of comps being so tough. Chewy 542 00:29:28,720 --> 00:29:32,760 Speaker 1: down before the bell. Comps are really tough because actually 543 00:29:32,800 --> 00:29:36,640 Speaker 1: sales for the period still up seventeen year over year, 544 00:29:36,680 --> 00:29:40,320 Speaker 1: but again they missed the analyst forecasts. Yeah, and speaking 545 00:29:40,320 --> 00:29:44,640 Speaker 1: of I guess consumer discretionary. What's going on with our Age, 546 00:29:44,720 --> 00:29:48,920 Speaker 1: the furniture maker. Well, our Age is remounding in the 547 00:29:48,960 --> 00:29:52,840 Speaker 1: pre market, it's up almost five percent, but they, like Chewy, 548 00:29:53,080 --> 00:29:56,360 Speaker 1: missed sales estimates. And it's a common theme right the 549 00:29:56,400 --> 00:30:00,160 Speaker 1: macro picture, presenting uncertainties with inflation, the cost of li being, 550 00:30:00,320 --> 00:30:03,640 Speaker 1: rising interest rates, the war in Ukraine, and they commented 551 00:30:03,680 --> 00:30:06,880 Speaker 1: that these factors have softened demand in the current quarter, 552 00:30:07,560 --> 00:30:10,720 Speaker 1: but they are vouching for a three to one stock 553 00:30:10,760 --> 00:30:13,280 Speaker 1: split which is set to take place in the spring. 554 00:30:13,640 --> 00:30:17,479 Speaker 1: Now it's still the supply chain issues certainly haven't gone away. 555 00:30:17,560 --> 00:30:20,600 Speaker 1: Laura right, Bloomberg News. As always, thanks for keeping us 556 00:30:20,680 --> 00:30:24,520 Speaker 1: up to speed on what is happening in individual trades 557 00:30:24,960 --> 00:30:26,880 Speaker 1: in the pre market. As we take a look at 558 00:30:26,920 --> 00:30:29,600 Speaker 1: stocks as a whole ahead of this Wednesday morning open, 559 00:30:30,160 --> 00:30:33,080 Speaker 1: futures are pointing to a lower open, with SMP futures 560 00:30:33,160 --> 00:30:37,120 Speaker 1: down fifteen points now down futures are down ninety NASDAC 561 00:30:37,200 --> 00:30:41,520 Speaker 1: futures they're lower by seventy three points also seeing declines 562 00:30:41,720 --> 00:30:44,360 Speaker 1: in European stocks, with the decks in Germany down one 563 00:30:44,400 --> 00:30:46,920 Speaker 1: point four percent and the cat in Paris down nine 564 00:30:46,920 --> 00:30:49,720 Speaker 1: tenths of one percent. Ten Your treasury is down three 565 00:30:49,760 --> 00:30:52,280 Speaker 1: thirty seconds, with the yield two point four zero percent. 566 00:30:52,320 --> 00:30:55,520 Speaker 1: Yield on the two year two point three two per cent. 567 00:30:55,720 --> 00:30:59,840 Speaker 1: After the brief inversion yesterday, Nimex crude is up to 568 00:31:00,080 --> 00:31:02,240 Speaker 1: per cent or two dollars eleven cents at a hundred 569 00:31:02,240 --> 00:31:05,160 Speaker 1: six dollars thirty five cents of barrel coll macs gold 570 00:31:05,200 --> 00:31:08,240 Speaker 1: at even announced. That's a gain of four tenths of 571 00:31:08,320 --> 00:31:10,760 Speaker 1: one percent in the euro right now one point one 572 00:31:10,760 --> 00:31:14,560 Speaker 1: one two three against the dollar. Stay with us, we'll 573 00:31:14,560 --> 00:31:17,240 Speaker 1: get the latest from the nation's capital the reaction from 574 00:31:17,240 --> 00:31:23,240 Speaker 1: the US to Russia's claims of de escalation. Bloomberg eleven 575 00:31:23,280 --> 00:31:26,040 Speaker 1: three oh weather cloudy today, Showers possible this afternoon with 576 00:31:26,120 --> 00:31:29,360 Speaker 1: highs near fifty degrees, could hit seventy with more afternoon 577 00:31:29,360 --> 00:31:33,320 Speaker 1: showers tomorrow. It'll turn partly sunny, breezy, upper fifties by Friday, 578 00:31:33,440 --> 00:31:39,719 Speaker 1: thirty degrees Right now, Markets headlines and breaking news twenty 579 00:31:39,720 --> 00:31:42,520 Speaker 1: four hours a day at Bloomberg dot Com. The Bloomberg 580 00:31:42,600 --> 00:31:46,160 Speaker 1: Business Out and at Bloomberg Quick Tape, he's a Bloomberg 581 00:31:46,240 --> 00:31:56,000 Speaker 1: Business Flash and I'm Karen Moscow futures are lower this morning. 582 00:31:56,080 --> 00:31:58,000 Speaker 1: Let's go to the first word breaking news dance for 583 00:31:58,040 --> 00:32:01,120 Speaker 1: today's morning call. Here's Bill Maloney. Bill, good morning, Hey, 584 00:32:01,240 --> 00:32:03,360 Speaker 1: good morning, Karen. That's right. US futures are in the 585 00:32:03,440 --> 00:32:05,600 Speaker 1: red right now at Dow futures down eighty nine points 586 00:32:05,600 --> 00:32:08,360 Speaker 1: s to B drop thirteen will. Nasdaq futures are off 587 00:32:08,480 --> 00:32:11,160 Speaker 1: by sixty five. He was a ten year old at 588 00:32:11,160 --> 00:32:13,640 Speaker 1: two point four one percent. Gold is a little changed, 589 00:32:13,680 --> 00:32:16,280 Speaker 1: Oil is trading higher, but bitcoin is down by half 590 00:32:16,320 --> 00:32:19,360 Speaker 1: a percent. Hong Kong rose one point four percent overnight, 591 00:32:19,400 --> 00:32:21,760 Speaker 1: while Europa markets are in the red this morning and 592 00:32:21,920 --> 00:32:24,560 Speaker 1: back in the US on the Economic funda a DP 593 00:32:24,680 --> 00:32:27,160 Speaker 1: employment change and at a thirty the U s Q 594 00:32:27,400 --> 00:32:30,440 Speaker 1: four GDP. After the Bill US night, Micron gave a 595 00:32:30,560 --> 00:32:34,280 Speaker 1: strong's forecast. Lu Lemon gave an optimistic sales outlook, but 596 00:32:34,520 --> 00:32:38,080 Speaker 1: rh revenue missed estimates. Regarding earnings this morning, look for 597 00:32:38,120 --> 00:32:40,640 Speaker 1: a paychecks to report in the pre markets and wrapping 598 00:32:40,680 --> 00:32:42,600 Speaker 1: things up Banking New York, Mellon was cut to neutral 599 00:32:42,600 --> 00:32:44,640 Speaker 1: at Goldman Sachs and r H was raised to buy 600 00:32:45,120 --> 00:32:48,320 Speaker 1: over at Jefferies Live from the first Breaking news discom 601 00:32:48,440 --> 00:32:50,520 Speaker 1: Bill Maloney caer orry, Bill, thank you to here live 602 00:32:50,560 --> 00:32:53,040 Speaker 1: breaking news. Over your Bloomberg type squalk on your termin 603 00:32:53,080 --> 00:32:55,000 Speaker 1: I'll ask you a w U K and that's a 604 00:32:55,040 --> 00:32:57,720 Speaker 1: Bloomberg business flash. Now here's Michael Barrow with more on 605 00:32:57,840 --> 00:33:00,480 Speaker 1: what's going on around the world. Michael Arin, thank you 606 00:33:00,640 --> 00:33:03,120 Speaker 1: very much. Despite a pledge from Russia to scale back 607 00:33:03,240 --> 00:33:06,360 Speaker 1: some military operations in Ukraine, the war rages on just 608 00:33:06,560 --> 00:33:09,680 Speaker 1: outside of Kiev. Meanwhile, the Kremlin says there was no 609 00:33:09,800 --> 00:33:13,520 Speaker 1: breakthrough in peace talks and much work remains. Peace talks 610 00:33:13,600 --> 00:33:17,240 Speaker 1: between Ukrainian and Russian officials were expected to continue today 611 00:33:17,280 --> 00:33:20,160 Speaker 1: in the sten Bull but Turkey's foreign ministers says the 612 00:33:20,240 --> 00:33:24,880 Speaker 1: two sides have returned home for consultations. Israeli officials say 613 00:33:24,920 --> 00:33:27,360 Speaker 1: at least five people have been killed by a Palestinian 614 00:33:27,400 --> 00:33:30,760 Speaker 1: gunman who opened fire in the crowded city outside Tel Aviv. 615 00:33:31,120 --> 00:33:33,840 Speaker 1: The shooter was killed by police at the scene. In 616 00:33:33,920 --> 00:33:36,880 Speaker 1: the NBA, the Nets one, the Wizards lost. In the NHL, 617 00:33:37,040 --> 00:33:40,840 Speaker 1: the Rangers and Islanders won, the Bruins lost. Global News 618 00:33:41,000 --> 00:33:44,200 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 619 00:33:44,480 --> 00:33:47,160 Speaker 1: powered by more than twenty seven hundred journalists and analyst 620 00:33:47,280 --> 00:33:49,840 Speaker 1: more than a hundred twenty countries. Michael Barr and this 621 00:33:50,240 --> 00:33:53,560 Speaker 1: is Bloomberg. It was head back to Karen. All right, 622 00:33:53,640 --> 00:33:56,400 Speaker 1: Michael Barr, thank you. It is sixty nine on Wall Street. 623 00:33:56,440 --> 00:33:58,560 Speaker 1: We turned to news and science and technology now with 624 00:33:58,600 --> 00:34:01,320 Speaker 1: the Bloomberg and j I T STEM report brought to 625 00:34:01,480 --> 00:34:03,960 Speaker 1: U buy New Jersey Institute of Technology n j I 626 00:34:04,040 --> 00:34:06,959 Speaker 1: T makes industry ready engineers and more than twenty fields. 627 00:34:07,200 --> 00:34:09,359 Speaker 1: If it's engineering is an n j I T. Learn 628 00:34:09,440 --> 00:34:11,680 Speaker 1: more at nj I T dot E d U And 629 00:34:11,719 --> 00:34:14,919 Speaker 1: now here's it's making News and science, technology, engineering and math. 630 00:34:15,440 --> 00:34:18,920 Speaker 1: Slam By the long running chip shortage and surging materials prices, 631 00:34:18,960 --> 00:34:22,320 Speaker 1: global automakers are now facing a new threat, lockdowns in 632 00:34:22,440 --> 00:34:26,600 Speaker 1: some of China's biggest cities. Toyota and Volkswagen suspended production 633 00:34:26,640 --> 00:34:29,439 Speaker 1: at four Plants and Change Chun more than two weeks ago, 634 00:34:29,560 --> 00:34:31,920 Speaker 1: and the city was plunged into lockdown to contain a 635 00:34:32,000 --> 00:34:34,920 Speaker 1: COVID outbreak. They say it's unclear when workers will be 636 00:34:35,000 --> 00:34:37,640 Speaker 1: able to return. That follows a near two weeks shutdown 637 00:34:37,680 --> 00:34:40,520 Speaker 1: of factories and teen gin during an outbreak in January. 638 00:34:41,320 --> 00:34:44,080 Speaker 1: Goleman Snacks plans a full return to its offices in 639 00:34:44,200 --> 00:34:46,279 Speaker 1: Hong Kong starting in the middle of next month. The 640 00:34:46,360 --> 00:34:49,799 Speaker 1: firm is starting with a split team arrangement. The entire 641 00:34:49,920 --> 00:34:52,880 Speaker 1: staff will be back starting April fourteen. Hong Kong has 642 00:34:52,920 --> 00:34:56,440 Speaker 1: begun easing coronavirus restrictions as a number of cases decline, 643 00:34:56,880 --> 00:34:59,880 Speaker 1: and it's one of the biggest cryptocurrency attacks ever. How 644 00:35:00,000 --> 00:35:03,400 Speaker 1: Girl stole about six hundred million dollars from a blockchain 645 00:35:03,640 --> 00:35:07,880 Speaker 1: network connected to the popular Axie Infinity online game. They 646 00:35:07,960 --> 00:35:11,439 Speaker 1: targeted what's known as the Ronan Bridge and drained ether 647 00:35:11,640 --> 00:35:15,400 Speaker 1: and USDC tokens and two transactions. Their breach was not 648 00:35:15,600 --> 00:35:18,719 Speaker 1: discovered for six days and as a Bloomberg n j 649 00:35:18,880 --> 00:35:22,200 Speaker 1: I t Stem report. Nathan Okay, Karen Thanks. We're live 650 00:35:22,239 --> 00:35:25,080 Speaker 1: from the Bloomberg Interactive Broker Studios or at six fifty 651 00:35:25,120 --> 00:35:26,840 Speaker 1: on Wall Street Time now to check what's going on 652 00:35:26,920 --> 00:35:29,080 Speaker 1: in DC. Some of the top stories in our nation's 653 00:35:29,120 --> 00:35:32,759 Speaker 1: capital include the US saying it doubts Russia's claims of 654 00:35:32,840 --> 00:35:35,640 Speaker 1: pull back. In Ukraine said it leaders working to break 655 00:35:35,680 --> 00:35:39,399 Speaker 1: an impass on Russia trade legislation and a seven hour 656 00:35:39,600 --> 00:35:43,040 Speaker 1: phone blog gap in focus for the House January six 657 00:35:43,120 --> 00:35:45,319 Speaker 1: Committee for more on all these stories were joined once 658 00:35:45,360 --> 00:35:48,560 Speaker 1: again by Bloomberg government reporter Emily Wilkins. So, Emily, I 659 00:35:48,640 --> 00:35:51,560 Speaker 1: guess the response from the U S when it comes 660 00:35:51,600 --> 00:35:54,840 Speaker 1: to Russia saying it's the escalating is we'll believe it 661 00:35:54,920 --> 00:35:57,719 Speaker 1: when we see it. That's basically at Nathan, I mean. 662 00:35:57,760 --> 00:36:00,760 Speaker 1: President Joe Biden said yesterday that he does read anything 663 00:36:00,840 --> 00:36:03,360 Speaker 1: into it at this point. He said that after a 664 00:36:03,400 --> 00:36:06,600 Speaker 1: call with European leaders, sounds like everyone is on the 665 00:36:06,680 --> 00:36:10,000 Speaker 1: same page. In fact, the Biden administration is now considering 666 00:36:10,120 --> 00:36:14,040 Speaker 1: providing another five million for Ukraine that could be used 667 00:36:14,080 --> 00:36:18,000 Speaker 1: for humanitarian and military efforts. May I have a billion 668 00:36:18,080 --> 00:36:20,759 Speaker 1: dollars being considered to send over there. It doesn't sound 669 00:36:20,840 --> 00:36:24,560 Speaker 1: like the Biden administration is convinced that this conflict is over, 670 00:36:25,040 --> 00:36:27,759 Speaker 1: and the Pentagon was even more skeptical than Biden was 671 00:36:27,840 --> 00:36:31,799 Speaker 1: going to be. Spokesman John Kirby told reporters yesterday uh 672 00:36:32,080 --> 00:36:34,919 Speaker 1: that the Kremlins claims that they will that the people 673 00:36:34,960 --> 00:36:37,680 Speaker 1: would be foolish to believe the Kremlin's claims that they're 674 00:36:37,680 --> 00:36:41,160 Speaker 1: going to reduce attacks near Kiev uh and Kirby said 675 00:36:41,320 --> 00:36:44,960 Speaker 1: that it was repositioning, not a real withdrawal. Yeah, that 676 00:36:45,040 --> 00:36:47,480 Speaker 1: was some big news yesterday from our Bloomberg News team 677 00:36:47,520 --> 00:36:52,040 Speaker 1: about this idea of another half billion dollars in Ukraine aid. 678 00:36:52,200 --> 00:36:55,200 Speaker 1: As you mentioned, it says something about where the Biden 679 00:36:55,239 --> 00:36:58,480 Speaker 1: administration thinks the war is going. But what's the feeling 680 00:36:58,640 --> 00:37:01,239 Speaker 1: on Capitol Hill about whether they want to add on 681 00:37:01,440 --> 00:37:05,400 Speaker 1: even more aid to the billions we've already given Ukraine. Well, 682 00:37:05,480 --> 00:37:08,160 Speaker 1: I remember I actually spoke with the Republican leader in 683 00:37:08,160 --> 00:37:11,319 Speaker 1: the House, Kevin McCarthy, the other week as he left 684 00:37:11,680 --> 00:37:16,160 Speaker 1: president Ukrainian President voladimir's Olinsky's a dress to Congress, and 685 00:37:16,200 --> 00:37:18,560 Speaker 1: I asked him if he would consider more aid, and 686 00:37:18,640 --> 00:37:21,320 Speaker 1: he seemed very open to that. There is still a 687 00:37:21,520 --> 00:37:26,120 Speaker 1: strong bipartisan support in Congress for assisting aid to Ukraine. 688 00:37:26,560 --> 00:37:29,160 Speaker 1: I think the one big question would be, you know, 689 00:37:29,320 --> 00:37:32,000 Speaker 1: if Biden needs to come to Congress for this funding, 690 00:37:32,320 --> 00:37:34,080 Speaker 1: how quickly is Congress is going to be able to 691 00:37:34,120 --> 00:37:37,200 Speaker 1: get that to him, Because we've seen stalls right now 692 00:37:37,960 --> 00:37:41,600 Speaker 1: that legislation to end regular trade relations with Russia that 693 00:37:41,840 --> 00:37:44,520 Speaker 1: flew through the House with a lot of bipartisan support 694 00:37:44,880 --> 00:37:47,480 Speaker 1: is now stuck in the Senate because one senator, Senator 695 00:37:47,600 --> 00:37:51,080 Speaker 1: Ram Paul, Republican from Kentucky, has some concerns about a 696 00:37:51,120 --> 00:37:53,840 Speaker 1: provision that he wants to get a little bit more specific. 697 00:37:54,360 --> 00:37:56,360 Speaker 1: And it just kind of shows the nature of of 698 00:37:56,560 --> 00:37:59,280 Speaker 1: congress Um that, you know, as far as quickly responding 699 00:37:59,360 --> 00:38:02,279 Speaker 1: to things that they're not Sometimes they're able to do it, 700 00:38:02,440 --> 00:38:05,200 Speaker 1: but but it only sometimes takes one lawmaker to really 701 00:38:05,239 --> 00:38:08,040 Speaker 1: hold things up. Well, what is the feeling about whether 702 00:38:08,200 --> 00:38:12,719 Speaker 1: they can get something done either on that Russian trade 703 00:38:12,800 --> 00:38:17,040 Speaker 1: legislation or Ukraine aid quick get something they're done quickly? 704 00:38:17,880 --> 00:38:21,000 Speaker 1: I understand the Senates heading toward another recess in a 705 00:38:21,080 --> 00:38:23,279 Speaker 1: week or two. Yeah, and the House is going to 706 00:38:23,400 --> 00:38:26,560 Speaker 1: both of them tend to be out around the Easter holiday. 707 00:38:26,880 --> 00:38:28,680 Speaker 1: I mean, there is I think still hope at this 708 00:38:28,800 --> 00:38:31,799 Speaker 1: point that they can get something done. I mean, even 709 00:38:31,920 --> 00:38:35,120 Speaker 1: if I mean Senator Ram Paul, he's preventing the process 710 00:38:35,200 --> 00:38:38,040 Speaker 1: from going as quickly as lawmakers would like. But there's 711 00:38:38,080 --> 00:38:40,480 Speaker 1: certainly a way that he can have his objections and 712 00:38:40,560 --> 00:38:44,319 Speaker 1: lawmakers can still get the regular trade relations to Biden's desk. 713 00:38:44,719 --> 00:38:47,400 Speaker 1: And I think in terms of funding that's going to 714 00:38:47,480 --> 00:38:49,120 Speaker 1: have to be something where the White House is going 715 00:38:49,160 --> 00:38:51,839 Speaker 1: to have to make that request from Congress. I don't 716 00:38:51,880 --> 00:38:54,359 Speaker 1: think we've seen that yet, unless, of course, the White 717 00:38:54,400 --> 00:38:56,719 Speaker 1: House has some other reserves that they're going to be 718 00:38:56,840 --> 00:39:00,120 Speaker 1: pulling that funding from. Usually a request like that do 719 00:39:00,280 --> 00:39:03,480 Speaker 1: need to originate with Congress. Let's turn to the latest 720 00:39:04,200 --> 00:39:07,880 Speaker 1: emily on the House January sixth Committee. A lot of 721 00:39:07,960 --> 00:39:11,279 Speaker 1: attention about this news of a more than seven and 722 00:39:11,400 --> 00:39:14,759 Speaker 1: a half hour gap in the White House phone log 723 00:39:15,320 --> 00:39:20,879 Speaker 1: from the day that supporters of President Trump stormed the capital. Yeah, 724 00:39:21,040 --> 00:39:24,520 Speaker 1: this is something that that's really been very interesting from 725 00:39:24,640 --> 00:39:29,279 Speaker 1: the House's investigation into the January six interaction. We know 726 00:39:29,560 --> 00:39:33,640 Speaker 1: that former President Donald Trump did make phone calls during 727 00:39:33,719 --> 00:39:36,400 Speaker 1: that time period. We've heard about phone calls from lawmakers 728 00:39:36,480 --> 00:39:39,600 Speaker 1: and from others. But when the committee looks for these 729 00:39:39,680 --> 00:39:42,360 Speaker 1: records as to who he was talking to at the 730 00:39:42,719 --> 00:39:45,440 Speaker 1: really from the time that the riot started to the 731 00:39:45,840 --> 00:39:48,319 Speaker 1: height of it, we don't know anything about who Trump 732 00:39:48,440 --> 00:39:50,719 Speaker 1: was talking to at this point from eleven am to 733 00:39:50,800 --> 00:39:53,560 Speaker 1: seven pm. And it's a huge question. Right now. The 734 00:39:53,600 --> 00:39:57,320 Speaker 1: committee is investigating this gap in the House log, and 735 00:39:57,400 --> 00:39:59,719 Speaker 1: you've heard from lawmakers that you know, they've really done 736 00:39:59,800 --> 00:40:02,279 Speaker 1: a deep dive here. They've spoken to more to eight 737 00:40:02,360 --> 00:40:06,560 Speaker 1: hundred witnesses, including many aids, spent the day with President Trump. Um. 738 00:40:06,640 --> 00:40:08,360 Speaker 1: There's been a lot of reporting that you have a 739 00:40:08,400 --> 00:40:11,000 Speaker 1: lot of top level people who have cooperated with the committee, 740 00:40:11,280 --> 00:40:14,200 Speaker 1: even while other big names have pushed back and taken 741 00:40:14,239 --> 00:40:16,520 Speaker 1: it to the courts. Um. You know, I think we 742 00:40:16,719 --> 00:40:18,600 Speaker 1: were going to be seen more and more from this 743 00:40:18,880 --> 00:40:23,839 Speaker 1: January six investigation. Uh. And I think at this point there, 744 00:40:23,880 --> 00:40:26,680 Speaker 1: we're going to be seeing more more potential revelations like 745 00:40:26,880 --> 00:40:29,359 Speaker 1: this as the committee starts to make more of their 746 00:40:29,400 --> 00:40:32,960 Speaker 1: investigation public. Only about thirty seconds left here, But despite 747 00:40:33,080 --> 00:40:35,719 Speaker 1: the gap in the official log, we've heard from a 748 00:40:35,880 --> 00:40:38,320 Speaker 1: number of witnesses who say that they did speak to 749 00:40:38,440 --> 00:40:41,600 Speaker 1: the president during the time that's missing. So what does 750 00:40:41,640 --> 00:40:44,440 Speaker 1: that say about where this investigation could be going? Um, 751 00:40:44,560 --> 00:40:46,279 Speaker 1: it means that they're going to have to figure out 752 00:40:46,280 --> 00:40:48,839 Speaker 1: a different way to get at this data, figure out 753 00:40:48,880 --> 00:40:51,440 Speaker 1: why it's not there, and figure out that if this 754 00:40:51,640 --> 00:40:54,400 Speaker 1: was part of some cover up, what that means. I 755 00:40:54,520 --> 00:40:56,440 Speaker 1: think there's a lot more digging to be done here, 756 00:40:56,600 --> 00:40:58,440 Speaker 1: and this is definitely a story that we're going to 757 00:40:58,520 --> 00:41:01,720 Speaker 1: continue to be following, certainly will be Bloomberg Government reporter 758 00:41:01,760 --> 00:41:04,680 Speaker 1: Emily Wilkins. As always, thanks for keeping us up to speed, 759 00:41:04,880 --> 00:41:06,840 Speaker 1: and you can read more about all these stories on 760 00:41:06,880 --> 00:41:10,160 Speaker 1: Bloomberg dot com or on the Bloomberg terminal, Bloomberg Radio 761 00:41:10,239 --> 00:41:12,400 Speaker 1: in Washington. Yeah, you can listen to that at Bloomberg 762 00:41:13,560 --> 00:41:15,880 Speaker 1: and one oh five point seven FM h D two 763 00:41:15,960 --> 00:41:18,239 Speaker 1: and Karen, all right, Nathan, it has six fifty six 764 00:41:18,360 --> 00:41:21,760 Speaker 1: on Walla Street. This is Bloomberg Daybreak and marches Women's 765 00:41:21,840 --> 00:41:25,200 Speaker 1: History Month, and every day this month we're celebrating significant 766 00:41:25,200 --> 00:41:28,760 Speaker 1: moments in women's history. Now with your installment for March thirtieth, 767 00:41:28,800 --> 00:41:31,480 Speaker 1: here's Bloomberg's real need a young on this day in 768 00:41:31,560 --> 00:41:36,239 Speaker 1: women's history. In nineteen eleven, Ellen Swallow Richards dies she 769 00:41:36,400 --> 00:41:39,880 Speaker 1: was the first woman admitted to the Massachusetts Institute of Technology, 770 00:41:40,160 --> 00:41:43,960 Speaker 1: earning her Bachelor of Science in eighteen seventy three. Two 771 00:41:44,080 --> 00:41:47,960 Speaker 1: years later, Swallow Richards appealed to the Women's Education Association 772 00:41:48,040 --> 00:41:51,480 Speaker 1: of Boston for their help in establishing a laboratory at 773 00:41:51,680 --> 00:41:55,800 Speaker 1: m i T available for instructing women in chemistry. So 774 00:41:56,120 --> 00:42:00,239 Speaker 1: the Women's Laboratory opened in eighteen seventy six, so little. 775 00:42:00,280 --> 00:42:03,800 Speaker 1: Richards became might t s first female instructor, teaching in 776 00:42:03,960 --> 00:42:08,080 Speaker 1: chemistry and mineralogy in the Women's Laboratory until it closed 777 00:42:08,160 --> 00:42:11,800 Speaker 1: in eighteen thirty three. Swallow Richards was also a chemist 778 00:42:11,920 --> 00:42:15,360 Speaker 1: and founder of the home economics movement in the United States. 779 00:42:16,000 --> 00:42:19,680 Speaker 1: That's today in women's history. I'm Nita Young Bloomberg Radio. 780 00:42:20,000 --> 00:42:23,120 Speaker 1: All right, Nita, thank you, And futures are lower. SNP 781 00:42:23,320 --> 00:42:26,320 Speaker 1: Future is down about thirteen points this morning. Down, futures 782 00:42:26,360 --> 00:42:30,040 Speaker 1: down seventy nine and nastag features down sixties six ten 783 00:42:30,120 --> 00:42:32,839 Speaker 1: year treasury down three thirties seconds. He held two point 784 00:42:32,920 --> 00:42:35,440 Speaker 1: for zero percent, and he yield on a two year 785 00:42:35,520 --> 00:42:38,160 Speaker 1: or two point three two percent. Ninebeck scrude oil at 786 00:42:38,160 --> 00:42:41,640 Speaker 1: a hundred six dollars eighty cents a barrel. Bloomber surveillance 787 00:42:41,920 --> 00:42:45,040 Speaker 1: is straight ahead. And for Nathan Hagar on Karen Moscow, 788 00:42:45,280 --> 00:42:46,840 Speaker 1: and this is Bloomberg