Bloomberg Daybreak: April 28, 2022 - Hour 2 (Radio)

that the US is not in the pandemic phase. I'm Michael blarn More ahead, I'm John Stay Sharon sports fifth straight win for the Yankees, the Mets lost as the bench is empty in the NFL draft, agins tonight. That's all s train ahead on Bloomberg Daybreak on Bloomberg eleven three on New York, Bloomberg nine one, Washington d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties and Francisco Sirius XAM one nine Team and around the world Old on Bloomberg Radio dot Com and via the Bloomberg

Business App. And Good Morning I'm ferre in Moscow. I'm Nathan Hagar. Bloomberg Daybreak is brought to you by hc Waynwright. Register now for the hc W Global Investment Conference, a hybrid event one to twenty six. Go to h c W Events dot com. HCW reserves the writing discretion to accept a reject registration or admission and Nathan futures are higher.

This morning six I went on Wall Street. We checked the markets every fifteen minutes throughout the trading day on Bloomberg, but SNP futures up sixty five points down, futures of three hund twenty one and NASDACK futures leading the way up two hundred seventy three or two point one percent. Ten year treasury of four third day seconds yeld two point eight one percent, and they yield on the two year two point five seven percent. Nathan Well Karen that

lifted NASTAC futures follows Facebook parent Meta's latest earnings. The shares are up nearly seventeen percent after Facebook's main social network added more users than project at the company says revenue would have been higher if not for the war in Ukraine. Man Deep Singh is a senior technology analyst for Bloomberg Intelligence, the core of Facebook and Instagram engagement seems to be holding up quite well, so I think

these are definitely good numbers. They missed on the top line, but we know it's because of the ad pricing, and I think that was sort of expectant. Bloomberg Intelligence Senior analyst Mandieve Singh says Facebook added thirty one million new daily active users in the recent quarter. Well, Nathan, let's look at some of the other stocks on the move following earnings. You report shares a Qualcom up almost eight percent. The chipmaker gave a strong sales for camps for the

current quarter. Ford Meat Estimate estimates it reaffirmed as guidence for the year. That stock is up more than two percent. And the biggest loser this morning is Telenoc Health shares are plunging more than thirty nine percent. Telemedicine company cutting its revenue and earning scuidence for the year, and the earnings continue to roll in today, Karen, With big tech once again leading the way after the bell, we hear from Apple and Amazon. Let's get a preview from Bloomberg's

Tom Busby. Well, investors will see if Apple saw continued growth in sales of iPhones, iPads, max and services despite supply chain problems and chip shortages. Forecast call for earnings per share of one dollar forty three cents on revenue of just over ninety four billion dollars. Apple also expected to announce a share buyback program of as much as

ninety billion dollars. As for Amazon, investors will see if it's Amazon Web Services, the cloud computing unit will offset and expected slow down and online sales now that many pandemic restrictions have been lifted. Forecast call for earnings per share of eight fifty five on revenues of more than a hundred sixteen billion. I'm Tom Busby Bloomberg Daybreak. All right, Tom, thank you. Well. It's also a big day on the

economic front. We get a closely watched rating on first quarter GDP this morning, and the forecast is for a one percent gain. Plumberg's Michael McKee has the details. COVID and Russia's war slowed growth dramatically in the first three months of the year. Some analysts even think the economy contracted, but additional GDP figure will mask some true strength. Consumer spending is forecast to be strong, and business investment appears to be holding up. Real estate was a strong point

during the quarter. The impact on growth is likely largely to have come from a slower pace of inventory building as companies finally restocked. Higher oil prices play a role as well. Michael McKee, Bloomberg Daybreak, all right, Mike, thanks. Higher inflation is taking a toll on the personal finances of many Americans, and it is also hitting their outlook. Let's get more on that Live from Bloomberg's or need

a Young Good Morning Grenada, Good morning Nathan. A gallop Pole shows less than half of Americans rate their financial situation as good or excellent, and some forty eight percent say it's getting worse. That's similar to levels seen a month into the pandemic and during the financial crisis of two thousand eight. So what's driving the worry? The survey finds that a record thirty two percent of Americans rank inflation and a high cost of living as the most

important financial problem facing their family today. Live in New York, I'm gonned a young Bloomberg Day pre all right, we need to thank you, and we turned to some moves in Asia. Now overnight, the Japanese yea and hit a two decade low against the dollar. The move comes after the back in Japan doubled down on bond purchases. The central banks said it would buy an unlimited amount of bonds at fixed rates every business day. Checking the in right now is at one thirty point five four against

the dollar. All right, then, let's take a look at the latest on the war in Ukraine. Karen. President Biden plans to deliver remarks later today on support for Ukraini as his administration looks to send Congress a proposal for weapons. Bloomberg Z Baxter has the story. The White House says it could go to the Hill as early as today. Spokeswoman Jen Psaki says they're still working on the final ask.

Don't have a number for you at this point in time, but there is plans for this to be a proposal to go through the fiscal year, and it will include um as our pass packages have included security or military assistance, humanitarian economic assistance, which seems to suggest a large number. The President has promised delivery by the end of the week. In San Francisco, I'm at Baxter Bloomberg Gay Break right

and thank you. Meantime, in Europe, several countries are looking for clearer god ins from the EU on Russia's demand to pay for gas in rubles. Russia cut off the taps to Poland in Bulgaria yesterday for refusing to pay in the currency. Now, the Financial Times reports several European nations, including Germany, are preparing to open ruble accounts to meet Vladimir Putin's demands. This all adds to a volatile energy market.

According to Patrick de Han had a petroleum analysis a gas buddy, There's a lot then said about Russia and Ukraine and now Russia today escalating the situation by UH stifling the flow of natural gas to Poland and Bulgaria. And of course we have a global economy that's been rebounding. Patrick de Haan with gas Buddies, spoke with our Washington corresponded Joe Matthew on Bloomberg sound on Catch the show

weekdays at five pm Eastern on Bloomberg Radio. And looking ahead to the market open, Karen, we have futures moving higher, with SMP futures up sixty five point staff future years up three hundred sixteen. Nastac futures higher by two hundred eighty points or two point two percent. The tenure Treasury is up three thirty seconds yield two point one percent yield on the two year two point five seven and nime X crues hired by two tenths percent at a

hundred two dollars twenty three cents of barrel. Local headlines and sports. Next, this is Bloomberg Sounds six o seven on Wall Street. We're forty degrees in Central Park and we've got an accident in Brooklyn and eastbound Gowanas at Hamilton Avenue. Details coming up in traffic. First, Michael Barr with more on what's going on in New York and

around the world. Michael, thank you very much. Nathan, New York's MTA plans to ramp up its number of electric buses, part of the agency's goal for zero emissions by forty For the nation's largest bus fleet, The m t A anticipate sixty new electric buses will start arriving later this year, with another four hundred seventy coming in three to four years. It will transition it's fifty eight hundred bus fleet to

all electric vehicles. Dr Anthony Fauci is clarifying comments he made suggesting that the COVID nineteen pandemic is over in the US. Fauci said this initially on the PBS News Hour. We are certainly right now in this country out of the pandemic faith. But now Dr Fauci says the pandemic in the US isn't over, but is in a more controlled stage. Connecticut Governor net Lamotts and his fellow Democrats and the General Assembly say they've reached a broad agreement

on a revised one year state budget proposal. It includes nearly five hundred million dollars in tax reductions. The list of proposed tax changes would also continue the twenty five cent per gallon gas tax cut until December one. The parents of American Trevor Reid said they dared not build up their hopes when they first heard their son might be freed from Russia after being held for three years.

Yesterday they got the call they've been waiting for. The former marine was swapped for a Russian prisoner being held by the US. They expect read come home in a few days. Key negotiator and former US Ambassador to the United Nations Bill Richardson says that he has worked with two different administrations since twenty nineteen to secure Read's release.

These exchanges take a long time. During the Trump administration, it didn't work, and the relationship between President Trump and the Russians was better than it is now, but it didn't work, So it depends on timing. Luck. Richardson, also the former governor of New Mexico, says other Americans are still being held in Russia, including w n B A

Star Brittney Griner and another former Marine, Paul Wheeland. The crew of astronauts survived at the International Space Station and Dragon hatches open and they are welcoming the crew for astronauts on board. The NASA crew blasted off from Florida yesterday morning. Global News twenty four hours a day on air and on Bloomberg quick Take, powered by more than journalist and analyst and will and twenty countries. I'm Michael Barr. This is Bloomberg Naked, all right, Michael. Thanks almost six

ten on Wall Street. Time for the Bloomberg Sports Update with John Sasha may Than. Couple of Yankee sluggers perhaps heating up. Yankees are heated up. They've won the fifth in a row, five two of Baltimore the stadium. Joey Gallow no home runs in those first fourteen games, but now two and two nights, and John Carlos Stanton with his first home runs since the second game of the season. He gets the three hundred and fifty career home runs.

Only six players have gotten there faster. Yanks go for the sweep, the staffterdo and the Mets failed to get to sweep. In St. Louis had a four one league, but the Cardinals erupted in one, ten to five, and Nolan Arronado erupted in the eighth inning. Did not appreciate Joan Lopez's up and end pitched the bench is emptied the Cardinals manager Carlos Marmol And you come up top like that and and jeopardize someone's career in life. Yeah,

I'll take exception for that. And uh, I don't think anyone in the big leagues appreciates getting thrown up top. No one has every right to react the way he did. Then go after him. We'll protect them and Mets. J. D. Davis got hit with a pitch on the top of the eighth It was the fifth time in the series, but it met got hit the nineteenth time this season, no other team has been hit by pick more than

eleven times. Rangers at the Garden lost to Montreal four to three close out the regular season tomorrow with Washington. That outcome could affect whether it then play the Caps in the first round, but if Pittsburgh beats Columbus tomorrow, the Rangers that face the Penguins. Milwaukee will face Boston in the NBA second round. The Bucks finished off Chicago. Golden State closed out of series with Denver. NFL draft

starts tonight in Las Vegas. Like last year, Jacksonville has the first pick, The Jets have the fourth and tenth picks. The Giants have the fifth and second. John Statue or Boom Girp sports all right, John thanks, SMP futures up sixty three point, Staff futures up three under eight, Nanastack futures leading the way with a two point one percent

gain up two hundred seventy five points. This is Bloomberg Bloomberg eleven three oh weather varying amounts of clouds and sun breezy today with a hind, your fifty five degrees could hit sixty with sunshine and a breeze. Tomorrow Saturday, mostly sunny, low sixties to start the weekend. Currently forty degrees. Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com of Bloomberg Business Out and at Bloomberg Quick Take. This is a Bloomberg Business Flash and I'm

Karen Moscow. This updates ronty you by b n Y Mellen's perishing learned by the world's most sophisticated wealth management and institutional firms rely on Pershing to help them improve profitability, create efficiency, attract talent and manage risk at Pershing dot com. European stocks rallying along with US stock Indise futures after upbeat earnings out of the bull cage for the economy

and markets to spelling growth. Fears for now shares, a Facebook's parent are giving nasdat futures a lift and we check the markets every fifteen minutes throughout the trading day. On Bloomberg s and p Future is a fifty nine points STAF futures have two hundred seventy nowsday futures up two hundred fifty four. That's up about two percent. The decks in Germany is of one and a half percent.

Ten year Treasury of Thought thirty seconds held two point eight one percent yield on the two year two point five seven percent. NIMEX screwed oil is is up four tens percent of forty three cents at a hundred two dollars forty five cents in barrel. Comex school. That'll change at twenty announced. The euro one point oh five one three against the dollar, British found one point to five o two, the en one thirty point three four, and bitcoin is higher, up one point four percent. It's at

thirty nine thousand, six hundred fifty dollars. That's a Bloomberg business flash. Now here's Michael Barr with more un must going on around the world. Michael Karen, thank you very much. President Joe Biden plans to deliver remarks today on support for Ukraine and his administration looks too soon send Congress proposal for weapons and humanitarian assistance for Kiev that would

last through September. Dr Anthony Vuci is clarifying comments he made suggesting that the COVID nineteen pandemic is over in the US. Vaunci now says the pandemic is not over, but in a different phase. Round one of the NFL Draft begins tonight. The Jaguars have the overall number one pick, The Jets have the fourth and tenth pick, the Giant select fifth and seventh. In the NBA playoffs, the Warriors advanced to the next round after beating the Nuggets in

Game five one. In baseball, the Yankees beat the Orioles five to the Mets and Nationals lost. The Red Sox won the A shut out the Giants one zip. In the NHL, the Rangers lost. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundredtournalist and analysts more than a d twenty countries. Michael Barr and this is Bloomberg him, Michael. Thanks almost six twenty on Wall Street Live from the

bloo Burg Interactive Broker Studios. This is Bloomberg Daybreak on a day we are waiting for a bit of a data dump when it comes to this economy, including first reading on first quarter g d P, A big round of data for the Federal Reserve to consider as it will most likely gets ready to raise interest rates next week. Let's bring in Bloomberg Economics correspondent Michael McKee for more

on what we're expecting today, Mike, good morning. Looking at the GDP expectation from Bloomberg Economist survey one percent after six point nine in the prior quarter. What could that deceleration, if it turns out mean for the Fed. Uh. You have gonna have to look below that number to really get an answer, Nathan. And the interesting thing is the Bloomberg survey is very broad, UH, and a lot of people put in their survey results and forecasts early and

then don't change them. We had a string of Wall Street firms changing their forecast yesterday, including a number who think that we might see an actual contraction. So if Wall Street is prepared to be shocked, that is a possibility. But it hides the fact that the reason for the

bad economic performance is basically, UH, inventories and trade. A lot of people ordered a lot of stuff last fall, you remember, and it was all sitting on boats off the coast of California, and they finally are able to unload it in the first quarter in January and February, and then it starts to count as imports. So imports went way up and we had a very wide trade deficit and then a lot of those goods going to inventories, and uh so maybe then companies cut back on production

because they were getting inventories from overseas. Those two things really will influence it. Personal spending consumers apparently did quite well.

The anticipation, according to Bloomberg survey is for three and a half percent game and so the FED would take reassurance from that that varius is the question though, I guess the raises a couple of questions, whether that of personal spending can continue when we have these kind of inflationary pressures, and whether the trade gap is starting to show signs of unwinding in terms of the supply chain.

Bottle next you've been dealing with, Well, it did show signs of unwinding until China began to lock down everything. And now if you look, if you have a Bloomberg and you look on the terminal, you can see the charts that show thousands and thousands of ships just sitting off the coast of China. Presumably those will ultimately be loaded up and sent back over here and we'll have

the same problem again. So that's in the future. Uh The question is do people, as you say, keep spending in so far, indications are that they have slowed a little bit and sort of changed what they're buying from a lot of discretionary goods to more services. Certainly everybody's going on vacation and traveling if you've been in an airport lately. But does that continue? That's one of the

key questions to the Fed. They need some strengthen the economy if they're gonna start raising interest rates to keep unemployment from rising. Yeah, and I guess that also raises the question about how much this UH, this reading potentially affects the Fed's outlook when it comes to front loading

rate hikes. I mean, the the markets priced in four fifty basis point moves, and the markets maybe a little ahead of themselves here with that, the FT isn't going to be looking at doing that because they're not gonna be looking at that far down the road. Yet they want to see, as you say, the data. We also get jobless claims today, which are forecast to come in at a very very low level again UH in about

the one eight range. And because of that, the FET is likely to take some comfort in the fact that the economy is a bit stronger than it has been going into a FED tightening cycle in a long time, and so therefore they can raise rates at least fifty basis points this time, and maybe in June, and then they'll stop and see where they are, all right, Michael McKee, Bloomberg Economics correspondent, Gonna be very busy in just a couple hours here when we get that first quarter GDP

read at eight thirty Wall Street time, along with the initial jobless claims core PCE lots to wade through this morning as we get ready for that May interest rate setting meeting coming up just next week, FED with a big decision to make in the days to come. Here right now, looking ahead to the market, open futures are higher by sixty points for US and P futures. We have Dow futures up two hundred seventy seven points, NASDAC futures higher by two hundred sixty points, a gain of

two percent on the dot ten. Your treasury is up six thirty seconds, the yield two point zero percent, the yield on the two year two point five six. Just ahead, investors like meta earnings and inflation starts to hit the

household outlook. Five things you need to know to start your day Wing up, You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather mix of sun and cloud's breezy mid fifties for highest today, could at sixty tomorrow with a sunshine and a breeze mostly sunny, low sixties for Saturday. Right now forty in Central Park. Broadcasting live from the

Bloomberg Interactive Broker Studio in New York. Bloomberg E Living free on to Washington, d C, Bloomberg ninety nine one to Boston, Bloomberg one O six one to San Francisco, Bloomberg nine sixty to the Country, Sirius XM Chado one nine team, and around the globe the Bloomberg Business apt and Bloomberg Radio dot Com. This is Bloomberg Daybreak six thirty on Wall Street. Good morning. I'm Nathan Hagar and

I'm Karen Moscow. Were just about three hours away from the open of US trading time for the five things you need to notice start your day to you by Interactive Brokers Simple I v K are Global Trader app, deposit in your local currency and trade stocks in the US, Europe and Asia. Start your free trial at ibkr dot com, slash Global trader first Meta shares that more than sixteen percent. This morning, mass after earning showed Facebook adding more users

than projected. Man Deep Singh, a senior technology analystic Bloomberg Intelligence. He says the overall report is strong despite missing revenue estimates. Last time, they give us a surprise that they're spending an additional you know, twenty billion dollars on this reality lapse. That's the first time we learned about those numbers. This time around, there saying they don't plan to increase it,

but they plan to pair back a little bit. And the core Facebook and Instagram engagement seems to be holding up quite well. Bloomberg Intelligence analyst man Deep sing says Facebook added more than thirty million new users and the quarter and big tech earnings will continue today. Amazon and Apple report after the bell. Turning to the economy care and we get a reading on growth today. Us GDP is expected the show a one percent gain when the

figures come out this morning. Well, Nathan, according to new finding, entire inflation is affecting many Americans. Financial Outlook and Bloomberg's raned a young joint US Live. But the latest good Morning Rady to Good Morning, Karen A gallop poles So shows less than half of Americans rate their financial situation as good or excellent, and some forty eight percent say it's worsening. That's similar to levels seen a month into the pandemic and during the financial crisis of two thousand

and eight. So what's driving the worry? The survey finds that a record thirty two percent of Americans rank inflation and a high cost of living as the most important financial problem facing their family today. Live in New York. I'm Ranita Young Bloomberg, day break. All right, Renia, thanks overseas. The Japanese yen hit a two decade low against the dollar. Right now, the ends trading at one thirty point to four. Well, Nathan. President Biden delivers your remarks on Ukraine later today as

he prepares a proposal for Congress to ship more weapons. Meantime, The Financial Times reports Germany and other European nations could open ruble accounts to pay for Russian gas. Patrick Dehan of gas Buddy says uncertainty in Russia and COVID in China will continue affecting gas prices. Certainly a very bumpy and volatile summer as we continue to see markets digest burying headlines that seemingly are on opposite ends of the spectrum. And Patrick Dehn with Gas Bunny spoke with our Joe

Matthew on Bloomberg Sound on. Catch the show weekdays at five pm Eastern on Bloomberg Radio. And that's the fine things you need to notice start your day. Brought to you by Interactive Brokers and Caterpillar reporting earnings that beating that beat analysts estimates. All right, Karen, thanks, six Wall Street, forty degrees in Central Park, overturned car and Queens. He's found l a at Frances Lewis Bullivard. 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's mt A is going for zero emissions by the authority plans to ramp up its number of electric buses. The md A anticipate sixty new electric buses will start arriving later this year, with another four hundred seventy coming in and six. The MTA plans to transition it's fifty eight hundred bus fleet to all

electric vehicles. Dr Anthony Vounci CAUs quite a stir after comments he made the PBS suggesting that the US is not in the pandemic phase of COVID nineteen anymore. He clarified those comments, saying the pandemic isn't over, but the country is now in a different phase. Health experts say cases are going down because many people now have some kind of immunity to the virus. Dr David Vegas. I think what was implied and what was meant is that we're at a better state in terms of the war

on COVID nineteen. What it means is is that we are now having significant numbers of COVID enteen infections in the United States, has evidenced by the recent infection of our Vice president. But at the same time, hospitalizations and deaths are not going up. Dr Vegas spoke to CBS. New York Science Court has rejected new congre national maps widely seen as favoring Democrats. The state's Court of Appeals agreed with a group of Republican voters who said the

district boundaries who were unconstitutionally gerrymandered. More New York City apartment renders are declining to renew leases as they're being presented with rate increases. According to Landlord Equity, residential rates are up almost thirty on new leases and deal seekers are choosing to move out. Trevor Reid, a former Marine held in Russia since twenty nineteen, was released to US

officials as part of a prison swap with Russia. Key negotiator and former US Ambassador to the United Nations Bill Richardson says that their focus now turns to other detained Americans in Russia, including w NBA star Brittney Grinder. It's very murky what has happened, but she deserves to come home, and it's important that we focus on her. But also there's another Marie. His name is Paul Wheeling. He's been there almost three years. Former Ambassador Richardson says re Its

parents expected home in a few days. President Biden on our Teachers of the Year at the White House, Biden says being a teachers one of the toughest jobs anywhere, and show I think people won't realize it's hard how much you prepare. President Biden says he overcame his stutter as a child because of his parents and his teachers. Global News twenty four hours a day on airand on Bloomberg Quick Take, powered by more than seven journalists analysts

more than twenty countries. Michael bar this is Bloomberg, Nathan, Thanks Michael. Six thirty six on Wall Street, John Stanshower has the Bloomberg Sports Update. Thanks Nathan. The midst This hot start by the Mets have come up florry of Mets getting hit by a pitch nineteen times in twenty games. It happened five times in St. Louis, so many were wondering when the benches might empty with a Met charging

the mount. Instead, it was a cardinal who came charging all of Arenado eighth inning after an up and end pitch by the Mets. Yoan Lopez Aeronato had had three hits, three rb I. St. Louis won the game ten five's car Those Carrasco gave up seven runs, eight hits, and that's still win the series. They've won all six series, although they've yet to have a sweep. Yankees today go for their second straight series sweep. They won their fifth

the row at the Stadium five two over Baltimore. Michael King got the winning relaf home runs for Giant, Carlo Stanton and Joey Gallo. The Yankees have the best record in the American League right now. Rangers at the Guard and lost to Montreal four to three. NBA Playoffs, a couple of m v p s lad their teams to series. Clint jen wins thirty three points for Janice Onto the com from Milwaukee finished off Chicago thirty for Steph Curry,

and Golden State won hit series with Denver. NFL draft is in Las Vegas, but New York will dominate the early going tonight. After picks by Jacksonville, Detroit, and Houston, it's the Jets, then the Giants, then Carolina, then the Giants again, and three picks after that the Jets again, unless there's a trade the Giants, GM Joe Shane. You can get greedy and you're like, let's move back, and

then that guy's gone. You know, are you gonna sleep better at night knowing you've got an extra sixth round pick and you move back four spots, but you lose the guy you want, or you just let's just take the guy and not degree. So you've played through all those situations. Still not known who Jacksonville will take first. Overall, expect you to be one of two defensive WindMan Georgia's

Trayvon Walker or Michigan's Aidan Hutchinson. Expectually want Bloomberg Sports. Nathan, all right, John, thanks six thirty seven on Wall Street. Time to take a look at stock some of the names moving in the pre market. Bloomberg Radio and TV Markets correspondent Crety Gupta. It is hard to ignore the

move for Facebook parent meta platforms this morning. It is wild and we should start off with just the ticker, right, We're still haven't switched it to meta, so the taker is still s B shares up seven percent over seventeen percent. And if you will remember, Nathan, last quarter they had this massive so off because they had the warning that you're now hearing from Alphabet to be very careful about TikTok. They're starting to lose some of that demographic. This time around,

we're hearing it from Alphabet. Facebook, on the other hand, or i should say meta platforms saying that actually they've gained more users than they actually expected in the first quarter. Now a lot of this actually comes from Instagram. They're not actually focusing on the Facebook platform anymore. They're focusing on Instagram, and I think something they really that really caught my eye here was the fact that they're saying, well, be careful of TikTok. But Nathan, I don't know if

you're active on Instagram. I am. I do enjoy the Instagram. Well there you go. But you know that there's they've kind of created reels which is sort of a TikTok and a lot of the TikTok's videos actually end up on Instagram. Um, so it kind of seems like that has made kind of this uh all in one platform for Meda and at least helped with some of those earnings pictures. So meta share, uh FB is the taker? WinCE again up the over seventeen percent. It's not the

only tech name. We gotta watch your Apple, Amazon reporting after the bell, but this is really important. Qualcom also reported after hours yesterday, q C O M is your taker. Up. Get this, Nathan, seven and a half percent. Now this is the it's huge, and this is the company that makes most of the chips for Apple's iPhones. It helps

Apple iPhones connect to high speed data net works. And they're saying, well, actually they were able to kind of secure their supply chain, they're able to expand into new markets. And a lot of people say, well, if qual Calm is doing so well, does that mean Apple's earnings are going to be pretty blockbuster today? And then or vice versa, if Apple says iPhone demand is going to drop, does that start to hit qual Calm shares as well? Nevertheless,

this morning some optimism here. Q c o M up just shive eight percent and Apple shares a ap L following that lead up to point two percent. Nathan, all right, just quickly, we had some earnings crossed just minutes ago. Can you get to some of those. Yeah, let's talk about Caterpillar. This is gonna be your big economic bell weather. C at is your ticker. It is actually moving this of course off earning as well, up one point six percent as it overcomes to some of the supply chain

issues surging demand. One of the issues here was just how much construction will there be after you've already seen this housing movement. It looks like the maker of that construction equipment maker still getting some of that demand. All right. Bloomberg Radio and TV Markets correspondent Createy Gupta with us this morning, looking ahead to the open. Futures are moving higher, with SMP futures up fifty nine point, staff futures of two D seventy seven, and NASTAC futures higher by two

hundred fifty five points. That's a gain of just about two tenure Treasury up seven thirty seconds, yield to eighty. You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather mix of sun and clouds, breezy, mid fifties today, We'll get up to near sixty Friday, sunshine with a breeze, and it will be mostly sunny for Saturday as well.

Low sixties right now forty 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 and I'm Karen Moscow. US Dock Index futures are on the rise this morning. I'm

what's a busy morning for corporate earnings? You had a again Caterpillars first quarter earnings, topping analysts estimates, as certain demand and higher prices for the company's diggers, bulldozers and trucks offsets the impact of rising costs for raw materials and ongoing supply chain issues. Mark boosted its adjusted earnings for share guidance for the year that beat analysts estimates, and Southwest Air reported a first quarter of loss that

was wider than analysts were looking for. Those just some of the earnings crossing the bloomberg this morning, Still futures are higher, SMP futures of fifty seven points down, futures of two hundred sixty two, and AS day futures jumping up about two percent, up two hundred fifty four points. The decks in Germany's up one point two percent. The tender treasury of seven thirty seconds yield two point eight zero percent yield on the two year two point five

five percent. Nim X scrude oil is litill change at a hundred two dollars seven cents of barrel. Comics gold is also little change at eight forty announced, the Euro one point zero five zero seven against the dollar, British pound one point to four seven and seven again one thirty point three seven, and Bitcoin this morning is of one and a half percent at about thirty nine thousand,

seven hundred dollars. That's a bloomberg Business Flash. Now here's Nuchael Barr with more on what's going on around the world. Michael Karen, thank you very much. Russian President Vladimir Putin warned that any country is attempting to interfere in Ukraine would face quote a lightning fast response from Russia. It comes as NATO is saying it would welcome Finland and

Sweden with open arms should they decide to join. Later today, President Joe Biden plans to deliver remarks on support for Ukraine. Round one of the NFL draft begins tonight. The Jaguars have the overall number one pick, the Jets of fourth, the Giants select fifth. In the NBA playoffs, the Warriors advanced to the next round after beating the Nuggets in Game five. In baseball, the Yankees beat the Orioles five to The Medicine Nationals lost the Red Sox one The

A shut out the Giants one zip. In the NHL, the Rangers lost Global news in four hours a day on air and on Bloomberg Quicktake, powered by more than hundred journalists and analysts more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg. The following commentary is from Bloomberg Opinion Democracy. I'm Jonathan Bernstein, a columnist for Bloomberg Opinion. Apparently private space companies are marketing space tourism

as democratization. My first reaction ridiculous. Wealthy space tourists are much poorer symbols of democracy than Alan Shepard, Neil Armstrong and Sally Ride and the politicians who sent into space and the voters who elected them. There's nothing more democratic than a polity collectively choosing and achieving a goal. Ideas of democracy that exclude Ride and include those who by their way into space are sad. Still, I doubt those

pitching space privatization as democratizing care. They're just using a popular word. That's sort of good news. Democracy in the US has been under attack, but it seems that the word itself must still test well. Perhaps we can be ignorant of the nuances of democracy, important as they are, as long as we fully support the larger concept overall. I can't help but wish that our civic education was

a lot more thorough and effective. But if we still are enthusiastic about democracy, maybe that's a meaningful starting point. I'm Jonathan Bernstein. For more opinion, please go to Bloomberg dot com slash Opinion or O P I n go on the Bloomberg terminal. This has been Bloomberg Opinion and Bloomberg Opinion commentaries can be heard every weekday at this time, and terminal customers can read more at O P I

n go. It is six fifty on Wall Street. We turned to news and science and technology now with the Bloomberg n j I T STEM Report, brought to you by New Jersey Institute of Technology. N j i T offers New Jersey's first undergraduate degree in fintech tector of end Finance focused. To learn more at n j I T dot E d U slash fintech Now. Here's just

making news and science, technology, engineering, and math. At least six states are reporting confirmed our suspected cases of an una explained severe liver disorder in children that's been spotted in countries around the globe. More than one hundred sixty cases of severe pediatric hepatitis or liver inflammation and kids without existing health issues have been reported from about a

dozen countries. The disorder has been seen mainly in children younger than ten and has left a few needing liver transplants. Researchers are probing lengths to infection with IDENTA virus is a family of pathogens that more commonly caused cold like symptoms as well as COVID. Nineteen cities across China are rolling out swift measures from the mass testing drives to lockdowns for just a mere handful of coronavirus cases. They're trying to keep flare ups at bay and avoid the

hardships endured by Shanghai. And they have arrived. SpaceX launched for astronauts to the International Space Station for NAUSA. The Falcon rocket blasted off before dawn yesterday from Florida's Kennedy Space Center. The capsule reached its destination last night to sixteen hours later. The crew includes the first black woman

making a long term space flight. Now says Jessica Watkins and s A. Bloomberg and j I t. Stem report Nathan, Thanks Karen, We're live from the Bloomberg Interactive Broker Studios or at six fifty two on Wall Street Time Now

to check what's going on in d C or. Some of the top stories include President Biden preparing to speak on Ukraine as he gets ready for a new aid request to Congress Senators to hold a bipartisan meeting on immigration today and former President Trump's backing gives McCarthy an edge after leaked audio spring Bloomberg Government congressional reporter Jack Fitzpatrick, As we await these remarks in just a few hours, Jack from the President, what will you be listening for

when he updates the country on Ukraine. Well, one, he's gonna be talking about his request to Congress for more funds for Ukraine. The White House has described this as something that's supposed to carry them through the rest of the rest of the fiscal year, which ends September thirty, So it sounds like it's fairly large, uh a bit more long term than the thirteen billion dollar measure that was previously appropriated that was a bit of a sort

of a stop gap measure for short term needs. Now, the Secretary of State Anthony Blincoln has already told lawmakers yes, there's gonna obviously be military and economic aid. He also expects the White House to call for global food aid uh D mining because of Russian use of land mines and some resources for sort of a staged approach to getting diplomats back to Ukraine and eventually reopening the U.

S Embassy and kiv Uh. The the questions this raises exactly how does Congress take this after the President speaks about it? Uh, could the debate that has stalled a COVID funding bill extend to that. But overall, it sounds like there's significant bipartisan support for the idea of of significant Ukraine aid. And we'll be watching for the details

and exactly how much he's asking for. Yeah, it will be interesting to get more detail, given that we've heard, even just this week some concern at the Pentagon that a lot of the U S weapons stockpiles are at risk of being depleted with the aid that's already gone to Ukraine. Yes, there was one last batch of funding that the White House released late last week, and and the President said last week this is the last one I can do with the money that Congress has given

me for Ukraine. Obviously there are further needs, and the White House staff seems to have been racing to get everything together to say, all right, what do we need to request from Congress that can last for a while, for a matter of months, rather than uh, in needing to go back to them on a very frequent basis. So they they're they're getting toward the end of what's available to the President on his own in terms of sending resources militarily and economically to Ukraine, and they definitely

will need action in the in the fairly near future. Now, while we wait for those remarks from the President later this morning, we're also waiting for a meeting a among a bipartisan group of senators today on immigration. This issue has gotten a lot more urgency just in recent weeks. Jack, Yeah, there seems to be a sense that they might as well try to to give it another go and see what they can assemble that could get sixty votes in

the Senate. There have been so many attempts over the last number of years, last decade or so at a real immigration reform package that have fallen apart. But talking to senators like Tom Tillis, Uh, there seems to be an interest one in addressing the worker shortage UH, and also putting on the table a path to citizenship for the so called dreamers who are were not born in the US but have been here for almost all of

their lives, and and something on border security. Interestingly, enough lawmakers really have dropped the debate over the quote unquote border wall now that former President Donald Trump is not in office, there is a bit of middle ground on border security measures aside from fencing things, lights on the border, more technologically advanced things. So there there does seem to be a sense that they could find middle ground on

a significant package on immigration. It's not an easy issue, but they are holding a meeting today among senators to to get that conversation going. And not an easy issue and understatement to say the least, only about thirty seconds left here, Jack, But House Republican leader Kevin McCarthy just met with Republicans for the first time since that leak January six. Audio. Sounds like it went pretty well. Yeah.

Our colleagues Billy House and Emily Wilkins reported there was actually a standing ovation that many House Republicans participated in. There's been a little bit of pushback. Matt Gates has is the one member who has been really vocal criticizing Kevin McCarthy. But really, even among conservatives Trump loyalists, the former president gave Kevin McCarthy a pass on this leaked

audio of him considering calling on him to resign. He didn't end up calling him on him to resign, And as of right now, it does seem that House Republicans really are still united around Kevin McCarthy is guy they want to be the speaker if they take back the House. Alright. Bloomberg Government Congressional reporter Jack Fitzpatrick with us this morning.

Read more about all these stories on Bloomberg dot com or on the Bloomberg terminal, and listen to Bloomberg Radio in Washington Bloomberg one and one oh five point seven FM HD two. Futures moving higher. Uh this Thursday morning. We have SMP futures up fifty five points, STAF futures up two nine, NASTACK futures hired by two hundred fifty points ten. Your treasury is up seven thirty seconds. The yield two point eight zero percent, yield on the two

year two point five five percent. Bloomberg Surveillance is up next with Tom Keene, Jonathan Faroe, and Lisa Abramowitz for Karen Moscow. I'm Nathan Hagar. This is Bloomberg