Bloomberg Daybreak: April 11, 2022 - Hour 2 (Radio)

for COVID plus. The Biden administration plans to announce new rules today around ghost guns. I like labarn or ahead. I'm John Stash toward sports losses for the Yankees and Matts wins for the Knicks and Nets, and Scottie Scheffler

won the Masters. That's all's trendy head on Bloomberg Daybreak on Bloomberg eleven Free on New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties and Francisco syrius XM one nine team and around the world on Bloomberg Radio dot Com and via the Bloomberg Business App. Good morning, I'm Nathan Hager and I'm Karen Moscow and futures are lower to start the week. We are coming up to six oh one on Wall Street.

We check the markets every fifteen minutes throughout the trading day on Bloomberg. S and P futures are down amost fifteen points this morning. Daw features down nineteen, nas Day features down one two contending. Your treasury down thirteen thirty seconds. He'll two point seven five percent, and the yield on the two year two point five seven percent. Name x Scrude oil is down two and a half percent, down two dollars forty eight cents at ninety five seventy eight

cents of barrel. The euro is at one point oh no to five against the dollar. Nathan, all right, Karen, we'll have more on the markets in a minute. First, the latest on the war in Ukraine. Austria's chancellor says he will meet with Russian President Vladimir Putin in Moscow today as fighting intensifies in the east. Ukraine says Russian missiles destroyed the airport in its fourth largest city, tonepro president Vladimir's lynch. He says he expects Russia to turn

to even more large scale action this week. In an interview on CBS IS sixty Minutes, correspondent Scott Pelley asked Zelenski what Ukraine needs from the US and NATO weapons Number One, They need to be very serious about it. They definitely understand what I'm talking about right now. They have to supply weapons to Ukraine as if they were defending themselves and their own people. Ukrainian President Vladimir Zelenski made those comments on CBS IS sixty minutes, which can

be heard every Sunday on Bloomberg in Washington. Meanwhile, Nathan cries are growing louder around the world for Russia to face a war crimes tribunal. They get the story from Bloomberg's head Baxter n s A director Jake Sullivan says, it's gone beyond the pale. I think we can all say that these are mass atrocities, These are war crimes. These are shocking and brutal ax that are completely unacceptable beyond the pale for the international community. Sullivan on ABC

has heard here. Bloomberg says they lead directly to Vladimir Poot. Make no mistake the larger issue of broad scale war crimes and atrocities in Ukraine lies at the feet of the Kremlin. This as Ukraine expects a major Russian invasion of the East. In San Francisco, I'm at Baxter Bloomberg daybreak, All right, and thanks. Turning to politics, a runoff election is coming in the presidential race in France. President Emmanuel mccron will square off with nationalist Marine Lepin after a

tight first round vote. We get more from Bloomberg's Fencing Laqua in Paris. It's a rerun of the contest. According to first projections, mccollon got around twenty eight percent of the vote compared with about twenty four percent for Lepin in the first round. But mccon win is far from certain, as votes from trailing candidates such as John Nickminonchan may

go to Lepin. While the presidents perceived arrogance turned off many voters and helped Lupin to frame him as a president for the rich, he's made France a favorite destination for foreign investors and pushed employee and to the highest on record in Paris and from Sin Laqua Bloomberg Daybreak, All right, Francie, Thank you. Another major story we are following involves the US economy. The relentless rise of treasury

yields continues to send waves through global markets. Ten your yields climbed through two point seven five for the first time in more than three years, as investors priced in the impact of the federal reserves tightening plan and accelerating inflation. Cleveland Fed President the Redemester is confident the US will

avoid a recession despite the high inflation. I think that it will take some time to get inflation down because, as you know, there's other things going on in the economy that are adding the price pressures, including the commodity praising increases and energy price increases that are happening UM as well. So I think inflation will remain above two percent this year and even next year, but the trajectory will be that will be moving down. In Cleveland Fed.

President the Redemester made the comments on CBS is Faith and Nation, which can be heard Sundays on Bloomberg Radio. Another major stories developing on the equity front, Karen It has shares of Twitter sliding this morning. Elon Musk has decided not to join the board of the social media company. After all, let's get the latest lie from Bloomberg's or

need a young good morning, Good morning, Nathan. It was just a week ago that Twitter swored more than twenty seven percent after Elon Musk took his nine point two percent stake in the company. Twitter said shortly after that Musk would join the board, and the billionaire has been vocal about changes he'd like to see a Twitter in

the name of free speech. But Musk's abrupt reversal in his decision to join the board ignites renewed speculation about his intentions for Twitter as its largest individual shareholder, and if he does not join the board, Musk would not be subject to an agreement to keep his steak at no more than fourteen point nine percent. Live in New York, I'm gonned a young Bloomberg day break, All right, Grinita,

Thank you a boy. The Musk news is having an impact on the blank check company that is bringing Donald Trump's media venture public Digital World acquisition is that more than eight percent in pre market trading. Well Earnings will

also be in focus this week, Karen. With big banks kicking off reporting season for the first quarter, we get more from Bloomberg's Charlie Pellett, Investors will learn how Wall Street fair last quarter amid heightened volatility stemming from the rush of Ukraine conflict, and to focus on the federal reserves tightening path. Tony Dwyer is equity strategist at Canecord Genuity. It's going to be a positive earning season. The commentary

is going to be sketchy. It's going to create this volatility. JP Morgan Chase will be first out of the gate with earnings on Wednesday. Thursday gets very busy with reports from City Group, Wells Fargo, Goldman, Sacks, Morgan, Stanley, and p MC in New York. Charlie Pellett bloom Bird daybreak right, Charlie, thank you all. Turning to the pandemic, COVID is back on the rise, driven by the vo omicron subvariant. Infections

are at their highest levels in about a month. White House Chief Medical Adviser Dr. And Anthony Fauci says Americans will need to make their own risk assessments going forward. There will be a level of infection. This is not going to be eradicated and it's not going to be eliminated. And what's gonna happen is that we're going to see that each of the visual is going to have to make their calculation of the amount of risk that they

want to take. And Anthony Faucci made the comments on ABC's This Week, which can be heard Sundays on Bloomberg Radio, and futures are moving lower This morning, straight ahead your latest local headlines, plus a check of sports. And this is Bloomberg. Thanks ten six o seven on Wall Street, forty one degrees in Central Park beyond accident and Wayne the off band from Route eighty to Root twenty three or forty six is closed. Michael Barr has more on

what's going on in New York and around the world. Michael, thank you very much. Nathan, New York City Mayor Eric Adams has tested pot of positive of COVID nineteen. The spokesperson for the mayor says that Adams woke up with a brasspy voice yesterday. Adams took a PCR test that came back positive. Mayor Adams was one of dozens of high profile politicians that tested positive after attending the Gridiron

Dinner in Washington. D c Dr Eric Asher with Lennox Hill Hospital says the Mayor's infection is a reminder that the virus does not discriminate. Anybody is validiable to get COVID, and we just hope that the more folks that are vaccinated and boosted, we'll have my older cases. Dr Eric Asher Mayor Adams has no other symptoms, but has canceled all public events for the week. The virus is also affecting Broadway again, with some shows having to cancel performances

due to positive cases. The Marquee Stars of Plaza Suite tested positive for COVID, making it the third production to temporarily shut down because of new infections. People in Times Square had a scary moment last evening. It started fleeing after a series of explosions. This man was walking by with one of the explosions happened once I'm saying the fire,

the cops that are telling me to back up. I slowly started backing up, but still I started like then a gas thought proceeding lights of fire, and then it's actually exploded right in front of me, and that's when I just started running. Officials say it turned out a cable failure caused one man hold to a run up and the second man hole was smoking, no one was hurt,

and there was no property damage. Today, the Biden Administration will announce changing for the first time since the Gun Control Act of nineteen sixty eight, the definition of firearm. It comes as Senate Majority Leader Chuck Schumer says the Biden administration must immediately rein in ghost gun sales. The New York senator says ghost gun kits must be treated as firearms. The preference would be for Congress to pass a law, but we've tried and it's been blocked by

our Republican colleagues. So we're now asking the administration to do this on its own through regulation. Someone will challenge it in court, but I think the law will stand. Schumer says. Sales of ghost guns are rising around the country. Global News twenty four hours a day on a or and on Bloomberg Quickdake, powered by more than twenty seven hundred journalist and analysts more than a hundred twenty countries.

Michael Barr and this is Bloomberg. Nathan. Thanks Michael say So nine on All Street time for the Bloomberg Sports Update with John Stenshower. All right, Nathan, Scottie Scheffler began the year having never won a PGA tournament. For what a year he is having for a three shot with chef behind it, puts it and it's it, and Scotty Scheffler hats one of the lake starts to a year

in Gulf history with his first major championship. The number one player in the world there's won four times in three months at He's won the twenty two Masters Tournament. As his radio her here on Bloomberg Radio. Rory McElroy started the day ten shots behind. He finished second with a sixty four that tied the record for a Master's final round. McIlroy finished his round by holding out of the bunker for a birdie, and then his playing partner,

Colin Morrikawa did the same thing. Yankees and Matt's going for season opening sweeps, both lost. Yanks left eleven on base when Bobby Doll back homeward sixteting the Red Sox one four to three. Anthony so and John Carlos Stanton drove in the Yankees runs. They've driven in ten of the thirteen runs the Yanks have scored so far. Mets had a two one lead eighth Dienn in Washington scored three times one four to two Nelson Cruz first stenning

Homer and later at two one single. Nick's closed out the season beating Toronto at the Garden one oh five ninety four and I opening weekend for the Knicks. Obie Topping, always a fan favorite. Topping sport thirty five points on Friday, had forty two points last night, and Emmanuel quickly had at thirty four. Net's got thirty five from Kyrie Irving beat Indiana one twenty six. They'll host Cleveland tomorrow. Winner advances to play Boston in the first round of the playoff.

The loser will play again on Friday. Joks Dashower, Boomberg Sports, Nathan Okay, John, thank you right now. S and P futures are down fifteen points down, futures down, NASAC futures down a hundred six points. The tenure treasury is down UH fourteen thirty seconds. The yield back up to two point seven five percent. Yield on the two year two point five seven percent. Stay with us, you're listening to

Bloomberg Daybreak. Bloomberg Daybreak, brought to you by the Jewish Communal Fund j c F. Stner Advice Fund, is the smart choice to manage your philanthropy, especially in times of crisis. Make your giving impactful. Is that JCF and walk dot org markets headlines and breaking news twenty four hours a day at Bloomberg dot com, the Bloomberg Business at and at Bloomberg Quicktake. This is a Bloomberg Business flash and I'm Cameron Moscow. Socks and bond falling today as political

and economic risks away on sentiment. We checked the markets every fifteen minutes throughout the trading day on Bloomberg. Right now, SNP futures are down twelve points down, futures down five, nasdack future is down ninety five. The decks in Germany is down about half percent ten. Your treasury down thirteen thirty seconds. You two point seven five percent. They yield

on the two year two point five seven percent. NIMEX screude oil is down two point four percent on two dollars thirty six cents at ninety seven cents of barrel. Comics called up nine ten percent or sixteen dollars sixty cents. In nineteen sixty two, twenty announced the euro one three

two against the dollar. British found one point three zero five four the end at one twenty five point to seven and Bitcoin this morning down three point six percent at forty one thousand, five seventy dollars and Toma Bravo will pay sixty five five cents a share for a sale point that according to the Financial Times, which sided two people with direct knowledge of the details, sale Point is up about twenty seven percent in early trading. That's

a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael Karen, thank you very much. Ostreous Chancellor said he'll meet Russian President Vladimir Putin in Moscow today. Meanwhile, Ukraine expects Russia the White and it's offensive in the East this week as the war continues. A U. S Attorney and the Obama Administration is being nominated by President Joe Biden to run

the Bureau of Alcohol, Tobacco, Firearms and Explosives. Today's announcement of Steve dentel Back comes as the Biden administration unveils its formal rules rain in ghost guns. In golf, Scottie Scheffler has won the Masters. In baseball, the Red Sox beat the Yankees for three The Nationals beat the Mets four two, The Giants and A's won, the Orioles lost. On the final day of the regular NBA season, the Nets, Nick's, Celtics and war Riors won, the Wizards lost. In the NHL,

the Capital's beat the Bruins. For two Global News twenty four hours a day on here and on Bloomberg Quickdake, powered by more than twenty seven hundred journalist and analyist more than a hundred twenty countries. Michael Barr and this is Bloomberg. Nathan, Okay, Michael, thank you. It is six nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We want to focus a little bit on Twitter now because it seems like the drama

at the social media company just doesn't stop. First, uslo CEO Elon Musk reveals he's taken a stake in the company rather big one. Then Twitter said that he's joining the board. Now they're saying he's actually turned down their board offer. Let's try to make sense of what's going on at Twitter. Bloomberg Quick Take correspondent Alex Webb is with us. He also writes about tech for Bloomberg Opinion. Alex good morning. Almost sounds like Twitter might want an

edit button just for its board moves. I think that certainly seems to be what Ellen is making happen right now. It's it's in one some way surprising, but then equally, in the grand scheme of Elon's you know, tribulations, particularly on social media, probably isn't that surprising. It was always slightly puzzling because it seems as though his interest do not necessarily align with the interests or Twitter shareholders. And Twitter shareholders lie they want to make a financial return.

Elon does not need Twitter to make a financial return. The if Twitter gave a thousand percent over the past two weeks, that would have been in line with the

game he made on his Tesla stock. So this was really for him more of a an influence play, it seemed, and that means his interests were not necessarily the same as the rest of the investors, and he still has that influence play in play doesn't even with a nine point two percent steak with if he's not going to join the board, the limit goes off in terms of how much bigger he can make that steak now exactly, And I think that that is One of the key points here that by joining the board as part of

that agreement, he would have pledged not to expand his steak beyond fourteen point nine percent of the stock, and by then not joining the board, he can buy as big a steak as he wants. Now. Obviously, whether he will do so is purely speculation, but it has triggered a lot of that speculation. And if he has, you know, several board seats which he might get if he were to have a bigger steake, or if you were to require the whole company, which is a very big if,

then he could do whatever he wants. And the question of whether whatever he wants is still a big one as well. Just looking at his Twitter feed, he's thrown so many ideas on the wall. Some sound like they may be serious, others sound like they aren't. I mean, where could this girl from here? I wonder whether Ellen knows himself. You know, sometimes you see even in his product roadmaps, you know, he will announce these products which he wants to bring to market, and then five years

later there's still no sign of them. So maybe he's got the seed of an idea of something he would like to do. Maybe it's something to do with free speech. Maybe it's just about ensuring that he continues to have a voice, because Twitter is an important platform when it comes to marketing Tesla for instance, and so ensuring that there's no clamp down on that for any reason the coming weeks, months, and indeed years, that might be as big a reason as anything else. He gets a lot

of earned media through his Twitter posts. Now does he get two point nine billion worth of earned media? That's a different question, but it's certainly an important mouthpiece for him. Yeah, and when we see all this going on at Twitter, Alex, what is this mean for social media more broadly? I mean, how do Facebook, for example, or former President Donald Trump's nascent venture get affected by what's going on with Elon

Musk messing around with Twitter. I think the key thing to remember here, and this is something particularly important when you think about Trump truth social Twitter is not a big company in the grand scheme of things. Twitter has three hundred and something. I think he's the actually active users something like two hundred million active users. Facebook has two point nine billion active users. Facebook is a six hundred and something billion dollar company. Twitter is a thirty

billion dollar companies five percent the size of Facebook. I often say to people here in the UK that Twitter's revenue is the same as the profit that BT, the old British telecom makes. You know, it is not a big company in the grand scheme of things. It has a lot of influence because a lot of people and the media use it. If you then look at Trump Truth Social, this is also not a big company. It is also not going to have anything near the number

of views that Facebook, or indeed that TikTok has. So these things they sometimes make outside noise because you know, we use them as people in the media. All the influential people around the world use it, but it is not as influential as Facebook is or any of the Facebook other platforms. Yeah, full disclosure. I use Twitter. Thanks Alex, Hey appreciate that. Thank you. Alex Webb, Bloomberg Quick Take correspondent, also Twitter user by the wins your handle a t

web is that it? I think we lost Alex already. Alex Webb also writes about tech for Bloomberg Opinion. Well, we'll find Alex on Twitter. He's definitely there. Just search Alex Webb under the search Twitter bar looking at shares of Twitter right now they are down uh two point three percent in the pre market. As for the market

as a whole, the futures are moving lower. We have SMP futures down sixteen points now, DEW futures down twenty three, NASDAC futures down a hundred thirteen points, and the tenure Treasury is down fifteen thirty seconds. The yield two point seven five Just ahead. Ukraine braces for an even tougher fight to the east, and the French election heads to a runoff. Five things you need to know to start your day. Coming up. I'm Bloomberg day Break. Bloomberg day

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and trade stocks in the US, Europe and Asia. Start your free trial at ibkr dot com, Slash Global Trader First Ukraine says Russian air strikes destroy the airport in Ukraine's fourth largest city, Dinepro. As the war continues, Austria's chancellor heads to Moscow today meet with to meet with Vladimir Putin, two days after visiting Kiev. Well meantime, caring a new Russian military commander's drawing alarm among US officials, with the Russian army expected to mount an offensive for

control of parts of eastern Ukraine. President Vladimir's Lensky tells CBS is Scott Pelly he will not leave his nation. I'm the president of our people, and even if I wasn't president, I would have stayed here. My family understood, not only understood, but fully supported my decision. Fully. Ukrainian President of Vladimir's Lensky spoke on CBS has sixty minutes which can be heard every Sunday on Bloomberg nine one

in Washington, Well on Wall Street and Navan. Shares of Twitter are sliding with news Elon Muski is not joining the company's board, and we get the latest live from Bloomberg's need a young Good Morning, Good Morning Karen. A week ago, Twitter sword more than twenty seven percent after Elon Musk took his nine point two percent steak in the company. Twitter said shortly after that Musk would join its board and the in The billionaire has been vocal

about changes. He'd like to see a Twitter in the name of free speech, but Musk's abrupt reversal is igniting renewed speculation about his intentions for Twitter as its largest individual shareholder. If he does not join the board, Musk will not be subject to an agreement to keep his steak at no more than fourteen point nine percent. Live in New York, I'm rened a young Bloomberg Daybreak and we need a shares of Twitter down about two percent

in the pre market. In fact, most stocks are falling as a rise in US treasury yield sends waves through global markets. Ten Your yields climbed through two and three quarters percent for the first time since March. Well Nathan overseas the presidential election in France. French President Emmanuel mccron holds a slight lead over nationalist rival Marine La Penn. The second round of voting will take place in a

couple of weeks. Let's go from Paris to Moscow. Karen, Russia's finance minister says the country will halt bond sales for the rest of two and take legal action if sanctions force it into a default. It comes days after the government breached the terms on two bonds by paying

investors rubles instead of dollars. And as the five things you need to Notice start your day, brought to you by Interactive Brokers and your latest local news check is Sports Straight Ahead on Bloomberg and Wall Street now forty one degrees in Central park On an accent on the eastbound Grand Central Parkway. LaGuardia Airport. Details coming up in traffic First. Michael Barr with more on what's going on in New York and around the world. Good morning, Michael,

Good morning Nathan. New York City Mayor Eric Adams announced he is just a positive for COVID and is now isolated. Dr Bruce Lee with the City Universe City of New York School of Public Health. You essentially have this more contagious big dot to subfarient that's circulating, and we're still amidst cooler and drier weather, so that can promote transmission. So we really need to be more proactive about COVID nighting precautions, Dr Lee, as New York City is now

averaging about eight new cases per day. Last Saturday, Adams attended the annual grid Iron Dinner in Washington. Dozens who attended to have since contracted COVID. China's largest COVID outbreak in two years continues to spread despite an extended lockdown of Shanghai's million people. They were more than twenty six thousand new daily infections reported in the Chinese financial hub and all time high. The Biden administration plans to announce

new rules today around ghost guns. Sergeant Christian Camarillo is with the San Jose, California Police Department. Ghost gun or privately made firearm is a firearm that can be made at home with pre manufactured parts. You can order these on the internet. It takes some very simple machine and you put it together and it works just like a

regular firearm. Senate Majority of Leader Chuck Schumer says sales of ghost guns are rising around the country, clarifying under federal law that ghost gun kits are firearms that would require a background check and a serial number. Senator Schumer reference to teen shooting death Friday outside of Bronze High School. Police say the seventeen year old suspect may have used a ghost gun. President Joe Biden is nominating an Obama era U S attorney to run the Bureau of Alcohol, Tobacco,

Firearms and Explosives. Biden is expected to make the announcement today, nominating Steve Denldock. Kmart once posted over two thousand locations across the country, but the former retail giant will be down to just three holdouts when It's Avanel, New Jersey store closes later this week. Baltimore based author Michael Masiki has written several books on US retail history. He's just dotted the American landscape. Over the years, they still docked

the American landscape. But his carcasses as closed carcasses off your Michael City says, it's just sad. Kmart used to be a real part of Americana Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. Michael barn this is Bloomberg Naked. That gets your attention. Kmart shoppers, Thank you, Michael. Almost six thirty six on Wall Street. Time for the

Bloomberg Sports that Take. Here's John stas Shower. All right, if the big things were expected from Scottie Scheffler grew up in Dallas, dominated junior golf. Now twenty five, shefter what to the Masters, Having won three of his last five tournaments, he had already become ranked number one in Augusta. He took the lead Friday, never gave it up. His lead early yesterday did shrink to one shop, but he chipped in for Bernie on the third Old, and from

there that lead was never less than three shots. It was definitely nice to gold up a lead and um not nothing safe there on the back nine on this golf course. You know, I've heard all the things that everybody says. It doesn't start till the back now on Sunday, anything can happen. Don't hit in the water on twelves, you know all the stuff, And you know I just blocked most of that out and just tried to execute

and take a golf shops. Zeffler had a double bogie on eighteen, still won by three over the hard charging Rory McIlroy, who still never won the Masters, but he had a brilliant final round sixty four Tiger Woods at

his second Strange seventy eight. Said he's unsure if he'll play the p g H Championship for US Open, but does plan to play the British Open because of his affinity for playing st Andrew's Yankees doing for a sweep of the Red Sox, strand at eleven lost four three if the Stadium Mets, going for a four game sweep in Washington, had a two one leave and the Nats scored three in the eighth and one two. Nicks finished the season thirty seven and forty five. They beat Toronto

with the Guarden. Nick fans have called for more playing time for Obie topp and he got it. This weekend he had games of thirty five and forty two points. Totoppin's previous career high was twenty speed Indiana. They finished and thirty eight nets will have a play in game

in Brooklyn tomorrow against Cleveland. Johnsward Bloomberg Sports Lincoln okay, John, thank you sixty seven On Wall Street, time to take a look at stock some of the names moving in the pre market with Bloomberg Radio and TV Markets correspondent Creedy goopda. Of course, the name we've been watching all morning long, Credy is Twitter. It's Twitter, t W t RS. Your taker. Down two point three percent, Nathan. It was down as much as five six percent in the pre

market earlier in the session. Now looks like sparing about half of those losses. Of course, this comes after Elon must decided not to join the board after speculation of the world's richest person would be mounting a takeover of the social media platform. Been very vocal about suggestions that he would want to make to Twitter. But then, of course the CEO of Twitter came out and said, well, this was just not the time and the shares did, of course fall once again t w t R down

two point three percent. But there's an adjacent story, Nathan, that we should probably pay attention to as well, and that is Donald Trump's tied social media link check company Digital World acquisition d w a C as your ticker. This was a company that was seen this competition to Twitter and really seen as taking a big hit if Elon Musk did indeed decide to make some big changes and join the board. So you did see it jump as much seventeen percent in pre market trading off of

those headlines on Twitter. Now looks like pairing some of those games a d w a C once again as the taker down of excuse me up only just shy eight percent, but still eight percent is nothing Scott at Nathan. Yeah, certainly a couple of names to watch once the market opens as well. And speaking of moves and the executive sections of some companies, we had a pretty big move from Lowe's. We did so on Friday. The CFO Dave Denton has said that he's going to leave the company

for another opportunity outside of the firm. It's a departure that Wells Fargo is saying is an incremental negative. That is a direct quote, but they still maintain an overview on the shares. Remember, this is a company that has done very well in terms of the post pandemic boom. It turns a home builder stocks as well. So to see lows see this move, you are seeing Llow down about seven tenths of one percent. Nevertheless, not as bad

as other previous CFO move that we have seen. So this is perhaps a temporary situation with something to keep an eye on as we see traders really digest the news of that c suite shake up. We shall also mentioned Newmont very quickly. Nathan any M is your taker up one point four percent today is one of your only um looking at this twenty three stocks in the green this morning, and this comes after I think, following gold and silver the only medals higher in the commodity space,

boosting those Newmont chairs this morning. All right, Bloomberg Radio and TV markets correspondent Credy Gupta with us this morning and looking at stocks as a whole ahead of the open, and cret just alluded to the fact that they're pointing lower just twenty three or in the green right now. S and p futures are lower by seventeen points down. Futures down thirty four. NASTAC futures leading declines this morning, down a hundred fourteen points ten. Your treasury down seven

ten thirty seconds. The yield now at two point seven six percent. The yield on the two year two point five seven nim X screwed right now down two and three quarters per cent, or two dollars seventy cents at ninety five dollars fifty four cents of barrel. You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today at a high near sixty. Morning showers tomorrow, but they'll clear during the afternoon. Low seventies, partly sunny, upper sixties

by Wednesday. Right now forty one degrees in Central Park markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business apt and at Bloomberg Quick Tape. He's a Bloomberg Business Flash Fine. I'm Karen Moscow US dot Index futures are following this morning, along with nine next screwed oil. We go to the first word Breaking used desk for today's morning call. Here's Bill Maloney. Bill,

good morning, Hey, good morning, Karen. That's right. US features are in the red right now, with doubt features down fifty three points dropped twenty two. Nasday futures are off by a hundred and forty one. The US ten yeeld the two point seven six percent, Gold is up six oil is down, and Bitcoin sinks by three point nine percent. Shanghai fell two point six percent overnight, while up markets are quiet this morning and back in the US, nothing

to report on the economic front. In other news, Elon Must decided not to join Twitter's board, and the deal News sale Point to be acquired by tom A Bravo for six share in cash. Wrapping things up in video was cutting neutral at Robert Baird, American Express, cuting neutral at JP Morgan and Gero. Price was cut to hold

over at Jeffreys Live. From the first to breaking news desk on Bill Maloney, care all right, Bill, thank you, and to hear live breaking news of her Bloomberg type squawk on your terminal, squ a w K and Fiser announcing a new CFO named Dave at Denton to the post and we check the markets every fifteen minutes throughout the Trading Day on Bloomberg. And and now it's time for a look at what's going on around the world. And here's Michael Barr. Michael, thank you very much. Karena.

Russia is putting one of its most experienced military officers, who was said to have a record of brutality, in charge of its invasion of Ukraine. Meanwhile, Ukraine is preparing for a whole new battle from Russia in the eastern part of the country. In France, President mccram will face far right candidate Marine Lepin in runoff elections being held this month. The first round of voting yesterday, McCraw had of the vote and Lepine of the vote. In golf,

Scottie Scheffler has one of the masters. In baseball, the Red Sox beat the Yankees for three. The Nationals beat the Mets, four to the Giants and A's one. The Orioles lost. On the final day of the regular NBA season, the Nets, nick, Celtics and Warriors won, the Wizards lost. In any telling Capital, the Capitals that Should Say beat the Bruins four two. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by

more than dred journalists, analysts more than twenty countries. I'm Michael Barr, and this is Bloomberg. Karen all right, Michael Barr, thank you. It is sixty nine on Wall Street and we turned to news in science and technology now with the Bloomberg and j I T STEM Report, brought to you by New Jersey Institute of Technology. Frank to top fifty national public university by US News and World Report and top ten for best career placement among public schools

by the Princeton Review. Begin more at n j I T DOT E D U I know. Here's let's making news and science, technology, engineering and math. In China, the country's largest COVID outbreak in two years continues to spread. There were more than twenty six thousand new daily infections reported in Shanghai Sunday, and all time high. That's despite an extended lockdown to the city's twenty five million residents. It's another twist in the week long saga of Twitter

and Elon Musk. As we've been reporting, Twitter said the world's richest person has decided not to join its board that touched, offering new speculation about the company's future. Musk owns just over nine percent of Twitter stock. If he doesn't join the board, Musk wouldn't be subject to an agreement to keep his stake at no more than fourteen point nine percent. And Amazon is a long way from launching its promised rown delivery service despite spending more than

two billion dollars. A Bloomberg investigation reveals a program hurt by technical challenges, high turnover, and safety concerns. A crash last year had regulators questioning the drones airworthiness. Amazon said it expects these types of events to occur, and it applies the learnings from each flight to improving safety. And that's a Bloomberg and j I t Stem report. Nathan,

all right, Karen, thank you. We are live from the Bloomberg Interactive Brokers studios were to six fifty one on Wall Street Time Now to check what's going on in d C. Some of the top stories in our nation's capital include the US offering more support to Ukraine as the war with Russia intensifies to the east. White House National Security Advisor Jake Sullivan made the Sunday Show Rounds. He told NBC's Meet the Press, more weapons are on

the way. We are proud of that contribution, but we are not resting until we have given them everything that they need to be able to succeed in their aims. On ABC's This Week, Sullivan accused Russia planning civilian attacks from the beginning. The images that we've seen at a Buscha and other cities have been tragic. They've been horrifying, they've been downright shocking, but they have not been surprising. And on CBSS Face the Nations, Sullivan said sanctions are

having an impact. President Putin himself is acknowledging the pain on the Russian economy. He himself has spoken about the extent to which the Russian economy has gotten hit. Also making news, coronavirus getting closer to President Biden. Cases are on the rise along the East Coast. Dr Anthony Faucci was on this Week, this is not unexpected that you're going to see an uptick when you pull back on

the mitigation methods. And Cleveland FED President Loretta Mester was on US the Nation, saying inflation could remain above two percent this year and next, but Mestr says she's confident the US can avoid recession. We are taking actions, we have the process underway to remove accommodation and remove it the emergency accommodation that was so needed at the start of the pandemic and throughout. Now we're in the process of removing it so that we do get inflation under control.

Face the Nation this week and Meet the press. Can all be heard every Sunday right here on Bloomberg Radio and for more on all these stories were joined by Bloomberg Government reporter Emily Wilkins, starting off with the latest in the war in Ukraine. Emily, we are getting more reports that the fighting is intensifying, and the President Zelenski expects that intensification to continue to his country's east. How if it all does that shift to the war shift?

The US response, Well, it looks like a big part of this is going to be coming in what weapons the US saying Gerpe are going to be sending over to Ukraine. It sounds like the are anticipating that this might go to Sorready ground style World War two s war, where you've got large operations meeting each other on a battlefield. For that, Ukraine is going to need heavier, larger weapons than what the US has currently been sending. And you did hear Jake Sullivan acknowledged that there is that need

for a different type of weapons. He says that the US is currently actually looking at trying to see if they can train Ukrainians on specific types of weapons that they might not be currently able to handle, and sort of get that training in place so they can handle some of this other operations that the US can send over. And I understand that President Biden is going to be meeting virtually today with the Prime Minister of India Norrendra Modi.

Got to think that the war in Ukraine will be top of mind for both those leaders, oh acent names, and that's going to sort of be the spotlight there as Biden tries to convince Prime Minister Modi that he really needs to be doing more in this particular effort. At this point, you really haven't seeing Moody come out

and criticize Putin. You've seen them continue to buy Russian oil and gas, and we know that that's a big part of the reason that Russia is kind of able to continue to fund their war even with these economic sanctions. That's really a huge point. Intensions between the US and India. They've really risen over recent weeks around the war in Ukraine, and so this could be a potential opportunity to reset

those relationships a little bit. Obviously, also potential topic of conversation today is simply the security partnership between the US and India when it comes to countering influences like China's and when you think about purchases of Russian oil and gas. Obviously that's still happening on the European side as well. Are we seeing or hearing any more movement when it comes to the US trying to help Europe reduce its

dependence on Russian energy. So that's definitely a tricky one to solve, just because Europe relies on Russian energy so so much more than the U. S. Has. You did hear Jake Sulliban talk a little bit about it this past weekend, saying that the US was doing everything that they could, working over time to try to get that liquefied natural gas to Europe. But I think it's a

it's you know, it's it's a larger problem. It's you the US was able to cut off it's Russian oil importance fairly quickly, because it's only about eight percent of what the U s receives obviously for some of these European nations that rely much more heavily on it, it is a big question of where is this other oil and gas going to come from? And how do you prevent from having an energy crisis in some of these countries.

And the time we have left Emily, I want to turn to domestic policy because we've heard from a White House this morning that there's going to be an announcement when it comes to a gun regulation. What more can you tell us about that? Yeah, this is going to obviously a huge priority for the Biden administration and something that they really have to move alone on just given

the fact that Congress is deadlocked over this issue. One big thing we're going to see President Biden nominate former U S Attorney in Ohio, Steve Dentlboch as the new head for the Bureau of Alcohol, Tobacco, Firearms and Explosives f d A. We saw the last individual that Biden nominated for this role he wasn't able to since that nomination, there was a lot of controversy over it, and so we're going to see if if it's the new nominee is going to be having any more be able to

sort of overcome those obstacles that we saw. UM. We're also going to see the Biden administration push for some other things. We've seen him go ahead and talk a little bit about ghost guns, about three D printed guns, and we are going to see now the Justice Department moving to finalize a federal rule on that. Because those guns are untraceable, they don't have the serial numbers that

other guns have. UM, So it's gonna be a new rule that really requires manufacturers who sell these ghost gun kits to obtain federal licenses and serial numbers so those guns can be tracked like other guns. Thanks for this as always, Emily. Emily Wilkins, reporter for Bloomberg. Government with us from Washington, d C. And you can read more about these stories on Bloomberg dot com or on the Bloomberg terminal and follow all the latest on Bloomberg Radio

in Washington. Bloomberg and one oh five point seven FM h D two SMP Future is now down fourteen points, Staff futures down thirteen NASDAC futures leading the declines this morning. They're down a hundred seven points. The Tenure Treasury is down fifteen thirty seconds. The yield two point seven five percent on the benchmark tenure note, and nime X screwed now down three and a half percent, ninety four dollars eighty seven cents of barrel. Bloomberg surveillance is next for

Karen Moscow. I'm Nathan Hager, and this is Bloomberg.