Bloomberg Daybreak: April 4, 2022 - Hour 2 (Radio)

the Sacramento shooting. Plus Broadways Macbeth has been halded after Daniel Craig gets COVID. Michael bar more ahead, I've done stashdown sports easy win for the next shootout loss for the Rangers. South Carolina won the Women's NC double a

the men Late to Night. That's all straight Ahead on Bloomberg day Break on Bloomberg Eliman Trio, New York, Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston, Bloomberg nine six, San Francisco, Sirius Hexham one nineteen and around the world Old on Bloomberg Radio dot Com and via the Bloomberg Business at Good morning. I'm Nathan Hagar and I'm Karen Moscow. When US stock index futures are starting out the week higher.

We're coming up to six one on Wall Street, and we check the markets every fifteen minutes throughout the trading day. On Bloomberg, Guess and Key futures up eight points this morning. Down futures are little change, and Nasack futures of fifty three. The decks in Germany's up almost two tenths of Upper said. The tenure treasury down three thirties seconds, yield two point three nine per cent, and they yield on the two year two point four or five percent. Nathan, all right, Karen,

we'll have more on the markets in a minute. First, the latest on the war. Negotiators from Russia and Ukraine may resume video talks today. Meantime, the US and Ukraine are calling on international courts to investigate potential war crimes in the cities around Kiev. Bloomberg's Sad Baxter has the details. Secretary of State Anthony B. Lincoln says the videos that Ukraine released are alarming. We can't become none to this,

we can't normalize this um. This is the reality of what's going on every single day, and through a translator, President Vladimir Zolensky says the investigation has to go further than just Vladimir putting all the military commanders, everyone who gave instructions and orders should be punished. Zelenski says the atrocities go way beyond torture. In San Francisco, I'm at Baxter Bloomberg Daybreak, All right, and thank you. The European

Union is also speaking out on the war. Some EU governments want to impose more sanctions following allegations of Russian war crimes. They got live to London and get the latest from Bloomberg's Max Ramsey. Good morning, Max, morning, Karen and Nathan. We have this very powerful statement from the EU blaming Russia for what they call haunting images of

large numbers of civilian casualties. The Foreign Affairs Chief Josett Burrell says the massacres in Bootch and other Ukrainian towns will be inscribed in the list of atrocities committed on European soil. So now, the E says it will work on further sanctions on Russia. Currently, this looks like strengthening existing measures and closing loopholes, but there's some support for much stronger action, whether on energy or on visas for Russians.

Russia does deny killing civilians, says the images are fake. Live in London, Max Ramsey bloom Back Daybreak, Right, Max, thank you. Let's turn from the war now and focus on the economy. A new survey calls for a recession in the US as soon as next year. Let's get details on that Live from Bloomberg. Grenida Young, Good morning, Grenita, Good morning Nathan. Close to half of financial professionals and retail investors see a US recession next year. That's according

to results of our Bloomberg Markets Live weekly survey. Only fifteen percent say it could happen this year flag and sixteen percent see a US recession waiting until twenty five or later. Just over half of the five twenty five respondents believe the inversion between two and ten year treasury yields is the most likely warning signal among yield curve inversions. Live in New York. I'm really need a Young Bloomberg daybreak, all right, need to thank you? And how will the

Fed respond at the current economic climate? We get some clues this week with their marks from several officials, and here with Mores Bloomberg's Charlie Pellett. Tomorrow, FED Governor Lele Brainerd takes part in a virtual discussion on the unequal impacts of inflation. It's hosted by the Minneapolis Fed. On Wednesday, Philadelphia FEDE President Patrick Harker discusses the economic outlook. On Thursday, St. Louis FED President Jim Butullard will discuss the economy and

molitary policy. Also Thursday, Raphael Bostick of the Atlanta FED and Charlie Evans of the Chicago FED will take part in an event on economic mobility and inclusive full employment in New York. Charlie Pellett Bloomberg Daybreak, All right, Charlie, Thanks on Wall Street. Looks like there could be more pain ahead for stocks. That's according to one prominent strategist, and we get the details on that live from Bloomberg's

John Tucker. John Nathan. The recent run up and the S and P five had it was nothing more than a bear market rally that's run its course. That's according to Morgan Stanley strategist Mike Wilson. He thinks the index is a rough month a hand as it becomes vulnerable to slowing economic growth. In a note to clients, Wilson says defensive stocks remain the place to be. Morgan Stanley strategists are also more constructive on bonds than stocks over

the New York term. They say the thirty year bond offers an excellent hedge against the growth scare they expect from FED tightening. Live in New York. I'm John Tucker, Bloomberg Daybreak. All right, John, thank you. In pre market trading this morning, shares a test lot more than one per cent over the weekend. The company said it delivered more than three hundred ten thousand cars worldwide in the first quarter. That's a record and came in above analysts estimates.

I meantime, Karen Shares of Starbucks are down one percent in early trading. Founder Howard Schultz is making moves as he returns to the CEO post. He's also suspending a share buyback program, saying that cash could be better spent on stores and staff. Sholtz sixty eight years old. He's taking over from Kevin Johnson on an interim basis while Starbucks searches for a permanent CEO on Ethan Start and Asia performed well overnight. That's after China made a conciliatory move.

That clear move a key hurdle, and it's fine with the US over auditing Chinese firms listed in New York. We get the recap from Bloomberg's Juliette Sally. In Singapore, Good morning, Juliet, Good morning, Karen. The m s CI Asia Pacific Index gained after two sessions of losses, boosted by internet giants ten Center and Ali Baba. The Hang Sang Take Index gained more than four percent intra day after China modified a decade long rule that restricted financial

data sharing by offshore listed firms. Japanese shares were fairly unchanged, while stocks jumped in India on a financial sector merger, and markets in mainland China and Taiwan were closed for holidays. In Singapore, Juliette Sally Bloomberg debreak Okay, Juliet, Thanks. Let's turn to politics in the region now with a change on the way. In Hong Kong, chief executive Carrie Lamb says she will not run for a second term. Bloomberg

Daybreak Asia anchor Brian Curtis has more. Lamb's announcement ends a tumultuous five years that saw Hong Kong become more isolated globally. I was due to a cracked on on pro democracy protests and rigid COVID nineteen restrictions. Lamb said she informed Beijing last year that she would not run for a second five year term. On May eight, Brian Curtis Bloomberg Daybreak. All right, Brian, thank you. Future is moving higher this morning. Straight ahead your latest local headlines

in the check of sports. This is Bloomberg six o seven on Wall Street, thirty nine degrees in Central Park. Avoid the upper level of the George Washington Bridge. Will tell away in traffic in just a minute. First, Michael Bars here with more on what's going on in New York and around the world. Michael, thank you very much. Nathan President Biden says Congress must act on the guns

after the Sacramento shooting. Biden is calling for banning ghost guns, limiting gun manufacturer liability immunity, and requiring background checks for all gun sales. Sacramento police say at least two shooters are at large after killing six people and wounding twelve others. Early Sunday. Mayor Darrell Steinberg says it's past time to deal with gun violence. It is beyond time to have a sane conversation about guns in America. We have a sickness.

It's a sickness in our country. It's a sickness in our culture. Mayor Steinberg says, so far, there was no motive for the shooting. New York Mayor Eric Adams talked about gun violence. Adam says he talked to the President about the issue over the weekend. We really have to have a combination. We have to stop the flow of guns, but we must also do the job of getting the guns off the streets. Des on there now and my anti gun unit they're doing that. Just a few weeks out,

they removed over twenty something guns off the street. Adam spoke on CBS is Face the Nation, which can be heard Sundays on Bloomberg. Jerry's selection is set to begin today and the sentencing trial of Parkland, Florida, school shooter Nicholas Cruz. Jurors will decide whether sentencing him the death for murders seven for murdering seventeen people in the eighteen massacre.

He confessed to opening fire at Marjorie Stoneman Douglas High School and already pleaded guilty that those cry times last October. US airlines are restoring service after bad weather and staffing issues contributed to more than thirty five hundred weekend flight cancelations. So far today, according to flight of Ware, only about

a hundred sixty two flights have been canceled. Daniel Craig's returned a Broadway and a new version of Macbeth has been temporarily hauled it after the actor contracted COVID nineteen performances are canceled through Thursday. John Battiste took home Album of the Year honors at last night's Grammys. Ukrainian President Vladimir z Lenski appeared in a video message during the show asking for support for the war in his country. Tell the truth about war on your social netswors on TV,

support cost in any way. You can't anybody silence and then peaceful gone. Zelenski made us plead during the Grammys that were held in Las Vegas. 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 Barr and this is Bloomberg Lincoln. Okay, Michael, thank you. Almost six ten on Wall Street time for the Bloomberg Sports Update with

John stash Our. All right. Nathan Perennial College basketball powers meet tonight in New Orleans for the n C Double A Championship. North Carolinas won the title six times, Kansas three. The two teams met in the nineteen fifty seven final. Tar Hills won fifty four fifty three in triple overtime. South Carolina won the women's title in Minneapolis sixty nine over ukon Gino r e M. I had been eleven and oh from championship game. I've been in the other locker room a lot of times, and so I know

what that feels like. I've been in this locker room, and I know what that feels like. And one team is going to be, you know, a national champion and the other team's not. And I think they deserved. They were the best team all year. Second championship ever for the game Cops. Rangers at the guard against the Flyers, a team the Rangers should beat. They did not tell behind three nothing tied the game with three the third,

they had goals twelve seconds department. Philadelphia won four three and a shootout on a goal by ex ranger Kevin hey Is. Islanders got a hat trick from J. G. Pago. He had it by early in the second period of The Isles beat the Devil's four three easy win for the next one, eighteen to eighty eight. In Orlando, just the eighteenth ever trade between the Mets and the Yankees, they swapped relievers. The Mets needed a lefty who the departure of Aaron Loup. They sent Miguel Castro to the

Yanks for Joe Ellie Rodriguez. Yankees also sent reliever Albert Abreo to Texas to catcher Jose Travino. Tiger Woods calls himself a game time decision, unsure whether he'll play the Masters. He suffered serious injuries fourteen months ago in that car Accidentty had said recently he was just happy to have his limbs intact, But Tiger recently played an eighteen whole

practice round at Augusta. Masters begins Thursday. Hourly reports throughout on Bloomberg Radio, John Stashual Bloomberg Sport didn't all right, John, thank you. Right now, S and P futures are up eight points, STOUTH futures up seventeen. NASAC futures leading the games right now, they're up fifty four points. The tenure treasuries down five thirty seconds down, the yield two point four zero percent. Yield on the two years higher at

two point four five percent. This is Bloomberg Bloomberg eleven three oh weather, mostly sunny, mid fifties today, some late day rain tomorrow with a high near sixty. Will be back in the mid fifties by Wednesday, with rain ending in the afternoon. Right now in Central Park Markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Quick Tape. He's a Bloomberg Business lash and I'm Karen Moscow. We

are breaking news on Twitter. This morning, we go live to New York and Bloomberg's John Tucker with the latest. John, Good morning, Karen. This is according to a filing this morning with the Securities and Exchange Commission, test Less CEO Elon Busk has now taken a nine point two percent steak in Twitter that ends up to a stackering seventy three million cheers. No word from US so far usually has a tendency to tweet about such things. Karen all right,

John Tucker, thank you and again. Shares of Twitter moving higher this morning again, up about twenty seven percent. Stocks in Europe and US Dock Index futures are gaining this morning as traders way the latest developments in the Ukraine War, with peace talks set to resume them at a new push for stiffer sanctions on Russia. Check the markets every

fifteen minutes throughout the trading day. On Bloomberg s and P future is up about ten points now down futures up twenty six and NASDACK futures up sixty five, so futures are getting a bit stronger this morning. The decks in Germany up about two tents of uppercent, also extending its gains. Have your treasury down five thirty seconds l two point three nine percent now, the yield on the two year two point four or five percent, and Bitcoin this morning is at forty six thousand dollars. It's down

about eight tens of upper cent. That's of Bloomberg business flash down. Here's Michael Barr with more on what's going on around the world. Muchaele Karen, thank you very much. Both the US and Ukraine are calling on international courts to investigate potential war crimes in the city surrounding Kiev. President Biden is calling on Congress to act on guns after a mass shooting at Sacramento that left six dead

and twelve wounded. The Senate Judiciary Committee votes this morning on whether to move Supreme Court nominique Tanji Brown Jackson's nomination to the Senate floor. South Carolina has captured its second national championship in the women's NC Double A basketball tournament. The Gamecocks shut down yukon sixty forty nine. The men's NC Double A tournament final is tonight between Kansas and North Carolina. In the NBA the nixt one, the Celtics beat the Wizards one four, one oh two. The Warriors

were also winners. In the NHL, the Islanders beat the Devil's four three. The Rangers lost in the shoot out to the Flyers. Also for three Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists, an analysts and more than a hundred twenty countries. I'm Michael Barrn. This is Bloomberg. Nathan Okay, Michael, thank you. It is six twenty on Wall Street Live from the Bloomberg Interactive Brokers studios.

This is Bloomberg Daybreak and joining us now from Budapest is Bloomberg's Maria Today, so as we continue following all the latest on the war in Ukraine, not the least of which is these images that Ukraine has put out of what appeared to be atrocities committed by Russian forces pulling out of the city of Bouscha. The European Union has said it holds Russia responsible. How could europe respond, Maria, Well, I mean we've all seen the pictures of this town,

which is on the outskirts of Kiva. Ukraine officials entered, they see they liberated the town and they found mass graves, reports skilled there's of course reports of sexual violence committed on Ukrainian women. All of this has seen o very well under every international convention would be war crimes. Today were heard from the French president and my really does war crimes that every more responsible will have to say

for the natural justice. The Polish Primnister on further, this looks like genocide, And of course the question is what do we do next? Working Europe do next? And a lot of this will focus on the energy conversation. This is something that Europe has tried to delay for a while. They know that it will be a painful decision if the embargo Russian energy, coal, gas. But ultimately, at this point it is almost inevitable that this debate will have

to feature energy at one point. If there is the possibility of oil being on the table here, I mean, what could that mean for the market if we do start to see Russian oil and gas actually being targeted for sanctions by Europe. Look, I think first, in my opinion and my guess on this is that Europeans see oil as the money maker for Russia and gas as a geopolitical arm of this whole thing. Then don't forget that we also have coal coming in from Russia too.

So to me, the question is what is going to be sanctioned first, if any and or is it all going to happen at the same time, or do they go cold first, oil next, and ultimately gas after. Given the dependency that some European countries have. What's the repercussion? Of course we know what the repercussions would look like. It would probably send Europe into a recession. There's already talked perhaps that we would have to start rationing energy. You would see the cost of living once again go up.

We have seen built in Europe essentially rocket now for eight months, and of course all the economic and social repercussions that this has. But the debate that the European leadership has to face now and really own is what's

more acceptable? What what's the right choice to make to take an economic hit but try to accelerate the end of the war, or just continue for small and targeted sanctions hoping that there's a ceasefire with all of the repercussions that it carrits in human life like we've seen over the weekend obviously covering the Hungarian election ends and the apparent victory of re election for Prime Minister Victor Orbon, with Orbon continuing in power, Maria, how could that potentially

affect the dynamic when it comes to the e US response to what is happening in Ukraine. Look, I think we're going to see a lot of tension here. Who're going to see a lot of scrutiny. And yesterday Victor Orban it was really an incredible celebration speech. He said he was able to have a great victory. You could see him from the moon. It was so big that you could see his victory from the moon. And he

blamed international finance, the international press. He talked about bureaucrats, Brussels, all of his enemies, and he also name checked President Zelinsky. So if you can see here this is a country that is essentially breaking away from the rest of European diplomacy, that it is becoming a headache for Europe and there's going to be real questions as to whether or not a hungary like this is actually compatible with European values values.

In our last thirty seconds here, Maria, we are expecting possibly while it talks to resume between Russia and Ukraine. How do you expect these talks to go given what Ukraine is accusing Russia of committing in Bucha. Well, it's it's it's what Ukraine says is there is there's crimes happening here at people that were executed for noble reason,

raids being used as a world tool. All of this of course, which Russia denies on the record, but you can see that the foundations for actual honest talks will clearly have been decimated by this. Bloomberg's Maria Today O with us this morning from Budapest as we continue our team coverage the latest on the war in Ukraine. Thank you as always, Maria. Looking ahead to the market open on this Monday morning, future is moving a bit higher, with SMP futures right now up ten points, Staff futures

up thirty NASDAC futures higher by seventy one point. The tenure treasury is down five thirty seconds. The yield two point four zero percent yield on the two year two point four five. We continue to watch shares of Twitter on a filing that shows Elon Musk has taken a nine point two percent passive stake in the social media app. It's up nearly in the market and Bloomberg Daybreak is

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Russia and Ukraine may resume video talks later today. Even as Kiev accuses Kremlin forces of carrying out attrocities, Russia is dismissing images of executed unarmed civilians as fake. Ukrainian President Vladimir Zolensky says the war is destroying his country. We couldn't have imagined anything like this because this is a maniuc type of decision to destroy the whole nation. Zelinski spoke through an interpreter to face the nation on CBS.

You can catch the show every Sunday on Bloomberg Radio. President Zelinsky also made an appearance of the Grammys with a video message asking for more support our musicians, where body armor instead of Lexi they seen to that wounded in hospitals, even to those who can't hear them. But then music breakthrough anway is accusing Russia of committing genocide in Ukraine. Well, Nathan, some EU governments are pushing to impose more sanctions following allegations of Russian war crimes, but

there's no consensus yet on a new sanctions package. Jamie Diamond is also calling for more sanctions on Russia. Karen. That came in his annual letter to shareholders whether JP Morgan Chase CEO also said the Fed may raise rates higher than markets expact. Meantime, Nathan, a new survey is calling for a recession next year. And we get the latest line from Bloomberg's rned A Young. Good morning, Rena, Good morning, Karen Close to half of financial professionals and

retail investors see a US recession next year. That's according to results of our Bloomberg Markets Live weekly survey. Only fifteen percent say it could happen this year. Twenty one percent flag twenty four is the most likely timing. Just over half of the five twenty five respondents believed the inversion between two and ten year treasure yields is the most likely warning signal among yield curve inversions. Live in

New York, I'm Rennita Young, Bloomberg Daybreak. Vernita, thanks and turning to corporate news this morning, some big breaking news on Twitter. Bloomberg's John Tucker joins US live with that John test Less CEO Elon Musk has now taken a nine point two percent passive steak and Twitter snapping up seventy three million common shares of the company. The news comes from an SEC filing so far no comment for a mosque, and in the pre market shares of Twitter

right now almost twenty eight percent. I'm John Tucker, Bloomberg Daybreak. All right, John, thank you, try to head your latest local headlines, plus a check of sports, and this is Bloomberg. Thanks hearing six Wall Street, forty degrees in Central Park. One hour delays now on the inbound upper level of George Washington Bridge. More coming up in traffic. First, Michael Barr is here with more on what's going on in New York and around the world. Michael, morning, Thank you

very much. Nathan, good morning to you. President Biden is calling on Congress to take action against gun crimes after six people were shot and killed early Sunday and down to on. Sacramento Police say three men and three women were fatally shot. Twelve others were wounded. Authorities say there were at least two shooters. Sacramento Mayor Darryl Steinberg says it has passed time to deal with gun violence. This sickness will be cured Sunday in this country or we

will destroy ourselves in this country now. Your Steinberg says a motive has not been offered. Meanwhile, New York Mayor Eric Adam says he spoke the President Biden over the weekend about gun violence. Adam says his crime Task Force has been out on the streets collecting illegal weapons. Of those who were carrying guns had prior violent offenses. So we need to combine with that small number of people who are carrying guns with the large number of guns

on our street and get both of us. Adams spoke on CBSS Face the Nation, which can be heard Sundays on Bloomberg. The Senate Judiciary Committee is set to vote today on confirming Judge Catanzi Brown Jackson to the U. S. Supreme Court. A full Senate vote is possible this week. White House Chief of Staff Ron Klain she will get enough votes to get confirmed in the and I suppose that's the only thing that matters. But I wish more Republicans would look at the case here, look at the record,

and vote to confirm Judge Jackson. Chief of Staff Clain says Judge Jackson would be the first black woman confirmed to the nation's highest court. However, Republican Senator Roy Blund of Missouri says he won't go to confirm her. The judicial philosophy seems to be not the philosophy of looking at what the law says and the Constitution says and applying that, but going through some method that allows you to try to look at the Constitution as a more

flexible document and even the law. Both Senator Blunt and Chief of staff. Klain spoke on ABC S this week, which can be here at Sundays on Bloomberg, Daniel Craig's returned to Broadway, and a new version of Macbeth has been temporarily halted after the actor contracted COVID nineteen. Performances are canceled through Thursday. John Pattis was the big one every last Night's grant Me Awards with five including Album of the Year. Silk Sonic took home Record of the Year.

The Food Fighters dominated in the rock categories, but skipped the show over the death of drummer Taylor Hawkins. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg Nake. Okay, Michael, thank you, Almost six thirty six on Wall Street. Here John Sash with the

Bloomberg Sports Update. All right. Nathan Kansas and North Carolina tonight in New Orleans for the n C Double A Championship. Jaops have won the title three times, Carolina six times was not expected to win this year. The Tunicles were an eight seed. They lost five games by more than sixteen points. They lost at home to lowly Pittsburgh. But since that lost eleven and one, two wins over Duke and now Hubert Davis. The x Nick has a chance to make history win a championship as a rookie head coach.

And I'm thinking about are these kids, these players, And I told them that, Um, how happy I am did I get a front row seat just to be able to for them to go through this season and go through these experiences. It's a blessing for me. It's a privilege, itous and honor. Those are the things that I'm foking about. Technically, Steve Fisher won a title with Michigan in his first year, but he was an interim coach who had just taken over.

The women's championship in Minneapolis, won easily by South Carolina. You're gon final way for the next plane out the Stray easy win by thirty. In Orlando. R J. Barrett scored twenty seven at the Garden Rangers Trail Philadelphia three nothing. Rallied to tie makers Avantage out and the new Ranger Andrew cop scored twelve seconds to fire, but the Flyers wont at four three in a shootout, Islanders beat the Devil's that also for three, the hat trick for J. G. Pageot.

The Isles had won four in a row, but still eleven points out for a playoff spot. A rare met Yankee train Miguel Castro to the Yanks, Joe Ellie Rodriguez to the Mets, a swap of relievers, and the Yanks also sent reliever Albert de Brey to Texas to catcher Jose Ravino. The Master's He's off Thursday. Reports throughout on the radio, Will Tiger would Way. He calls himself a game time decision. John Stature, bloomberg s works all right, John,

thank you. 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 Creany Gupta is back with us this morning from a well deserved vacation, and boy, what a lot of moves were seeing this morning, driven by Elon Musk. Yeah, I think it's safe to say that, right, I think it is safe to say that. And there's several movers here. Um, let's just start with the Twitter story, because that's it's

obviously the biggest one. We heard John Tucker's talk about this. Those shares t W t R soaring. We've got twenty six percent in the pre market this morning. Of course, it's comes after Elon Musk has taken a nine point two percent passive steake in Twitter. That's according to a thirteen G. Finally, I'm so waiting for him to actually tweet about this, which will be interesting. Um what's interesting

you were waiting for it. What's interesting about this move is that when you see Twitter shares move simply because of the Jack Dorsey connection, you also see Square air shares move. So keep an eye on s Q as the ticker is not going to be driven necessarily by fundamentals today, just because Elon Musk is not taking a steak in Square, staking a steak in Twitter, but just the way that some of these kind of trading patterns work. Keep an eye on Square shares. S Q is your ticker.

They're up two point four percent. But Nathan, you were right about the Elon Musk kind of themed morning, because Twitter and Square aren't the only ones moving. Tesla is also moving as well, which is the original. I guess Elon Musk connection that we have to talk about. Those shares are up one percent, this of course after they posted record first quarter deliveries, and it's taking with them a lot of those e V names as well. Riving and for example, r I v N is your ticker

up two point nine percent. You also have similar moves in Nicola n K l A is your ticker. They're up five tenths of one percent. It's also showing up in names like Neo for example. So a lot of those Chinese evening makers are also catching the benefits. Yeah, interesting to see the tan to move there throughout the e V space. I also see you're watching Starbucks b the new boss same as the old boss over there. Yeah.

What's interesting about Starbucks, and I mean quite the transition from Elon Musk is that we know that in this cast quarter we've had a lot of record profits, a lot of record buy backs as well. When it comes to the S and P five, Starbucks now coming out and say they're going to suspend their share buy back program. This of course comes after Howard Us takes really his first date back on the job. S b u X is your taker there. It's actually down one point six percent.

Nathan all Right, Bloomberg Radio and TV Markets correspondent Creedy Goopta.

Great to have you back with us this morning. We'll be checking back with you throughout the day, of course, and checking out stocks as a whole as we get set for this Monday morning open kind of mixed now, with SMP futures up five points, STOW futures have moved back lower now by ten points, Nanastack future still higher by fifties six points, and the tenure Treasury is down five thirty seconds right now with the yield two point for zero percent, still seeing inversion between twos and tens,

the two year yield at two point four four percent. That's a spread of all most five basis points between twos and tens. Nime X screwed up a quarter percent, up four cents, fifty cents of barrel comics gold is up three tenths per center of seven dollars even in seventy announced. You're listening to Bloomberg day Break, Ye Blomber eleven three oh Weather mostly sunny, mid fifties today, late

day rain tomorrow with a high near sixty. Back in the mid fifties Wednesday, with rain ending in the afternoon. Right now, clear and forty in central part markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, The Bloomberg Business at and at Bloomberg Quick Take, This is a Bloomberg Business lash and I'm Karin Moscow Technology shares higher this morning. Twitter is up more than we got to the first word breaking news desk for

today's morning call. Here's film Maloney built, Good morning and good morning, Karen. The U S futures are quiet right now, with the futures down nine points, SIPs hired by five will NASA futures gained fifties six US ten year at two point four percent. Gold and oil are both little changed in Bitcoin is down by one percent. Hong Kong rose two point one percent overnight, while up and markets are trading mixed right now and back in the US.

On the economic front, Attendant clock factory orders and durable goods orders over the weekend, Tessa reported Q one deliveries which beat estimates, and in other news you mentioned Twitter. Elon Musk took a nine point two percent passive Steak shares her up in the pre market. Starbucks suspended as share buyback program, and Morgan Stanley's Wilson said the bear market rally is over and the sm E five hundred

is in for a rough month. Wrapping things up, Baxter was cut to sell over at Bowman Sax Zebra Technology is raised overweight ed. JP Morgan Live from the first to breaking news descm go Maloney, Karen, all right, thank you, and here lie breaking news of her Bloomberg hatch. Squawk on your terminal. S q u A w u K. That's a Bloomberg business flash. Now here's Michael Barr with more un What's going on around the world, Michael, Karen,

thank you very much. Some European Union governments are pushing to quickly impose new sanctions in response to multiple reports that Russian troops executed unarmed civilians in Ukrainian towns. It comes as Ukraine cites more evidence of war crimes in the North. The Stell Harris, who played George Costanza's mother on Seinfeld, has died. Harris, who also was the voice of Mrs potato Head and The Toy Story Movies, was ninety three. South Carolina has captured its second national championship

in the women's n C Double A basketball tournament. The game Cocks shut down yukon nine. The men's n C Double A tournament final is tonight between Kansas and the University of North Carolina. In the NBA, the Knicks one. The Celtics beat the Wizards one four one oh two. The Warriors were also winners. In the NHL, the Island to beat the Devil's for three. The Rangers lost in

the shoot out to the Flyers, also for three. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than hundred journalists and antalists more than twenty countries. Michael bar this is Bloomberg. The following commentary is from Bloomberg Opinion. How about we keep wearing masks on busses and subways forever? I'm Justin Fox,

the columnist for Bloomberg Opinion. I'm all for returning life to normal, But as a regular writer of public transportation, recently in Los Angeles, this week, in the San Francisco Bay Area, and normally at home in New York City, I'd also be happy to keep wearing masks on the bus and subway forever, and would love it if lots

of other people did too. This is not a call for continued mandates, just to hope the big city transit users adopt the norm's prevalent in East Asia, where masks have long been common and crowded settings, especially during cold and flu season, doing this would probably reduce transmission of COVID and other viruses. It would definitely discourage eating on the bus and subway talking too. In other words, it's

a win win. I'm justin fox. For more opinion, please go to Bloomberg dot com, Slash Opinion or O p I n go on the Bloomberg terminal. These 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. Returned to news and science and technology now with the Bloomberg and j I T STEM Report, brought to you by New Jersey Institute of Technology and j I team makes industry ready engineers and more than twenty fields. If it's engineering, it's an n j I T. Learn more at n j I T dot e du. You know, here's just making news and science, technology, engineering and math and Shanghai. More than nine thousand new cases

of coronavirus are reported Sunday. Thousands of medical staff have arrived as a city prepares to test all twenty five million residents. Meanwhile, there are ports in shine at the new substruence of the omicron variant have amer Roach says. The US Food and Drug Administration is giving a priority review for its row a Karma drug to treat hospitalized COVID patients, and FDA approval would be the first of its kind for the type of drug called it amno modulator.

The medicine, sold as an arthritis therapy under the name at Camera, has already been used to treat more than one million people. The FDA approval would be for people who are hospitalized receiving cort coast steroids and require breathing help. The UK will unveil plans to broaden its energy sources this week. The main focus will be on nuclear and wind power. The government expects proposals for more nuclear reactors

and for scaling up offshore wind farms. Government wants to reduce reliance on imported energy and that's a bloomberg ng at STEM report. Nathan thanks Karen rely from the Bloomberg Interactive Broker studios were at six fifty two 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 considering even more sanctions against Russia on reports of mass civilian graves left behind. Is Russia pulled out

of cities in your Kiev? In an exclusive interview heard here on Bloomberg Radio, Ukrainian President Vladimir z Lenski told CBSS face the nation Russia is committing genocide when we find people with with hand styed behind the back and decapitated, such things. I don't understand it, don't comprehend. And now the US is promising even more support for Ukraine. Pentagon

spokesman John Kirby was on Fox News Sunday. No shipments are arriving even as we speak, including in the last twenty four hours, and and a lot of that is legal systems, Javelin anti armor missiles, Stinger anti air missiles. Meantime,

talks between Russia and Ukraine could resume today. Secretary of State Anthony Blinkin tells NBC's Meat the Press sanctions relief could be on the table if Ukraine allows it if it concludes that it can bring UH this war to an end, stop the death and destruction, and continue to assert its independence UH and its sovereignty UH and ultimately

that requires the lifting of sanctions. Of course, we're also making news the White House defending the Justice Department's independence as the investigation ramps up into President Biden's son Hunter and his overseas business dealings. White House Chief of Staff Ron Klain was on ABC's This Week. Of course, the President's confident that his son didn't break the law. But most importantly, as I said, that's a matter that's gonna be decided by the Justice Department, by the legal process.

It's something that no one at the White House has involvement in. This week. Meet the Press, Fox, Do Sunday and Face the Nation can all be heard every Sunday right here on Bloomberg Radio and now Bloomberg Government reporter Emily Wilkins is with us this morning. Emily, we're hearing growing international condemnation of this apparent mass execution in the Ukrainian city of Busha. What kind of response could the

U s mount against this? So the US we don't know exactly what potential sanctions are being considered, but we know that Biden officials have previously discussed secondary stanctions, and these were target countries that continue to trade with Russia. The Biden administration they could also impose sanctions on sectors of the Russian economy that have not been hit so far,

things like mining, transportation, just additional areas. I mean, it's important to note, Nathan that you know the world is continuing to buy billions of dollars worth of Russian oil and gas, and this is kind of given the Kremlin, the Kremlin a financial lifeline, even as the Biden administration has said that other sanctions are having an impact. So that's certainly an area where we might wind up seeing

additional sanctions as this war and this conflict continue. And we heard of course from President Zelinsky of Ukraine, not just on Face the Nation yesterday, but at the Grammys last night, calling for even more support, uh, not just from governments but from people themselves speaking out. I mean, what kind of further support could the US provided to Ukraine. We heard from the Pentagon spokesman mentioning some anti aircraft systems moving in. But of course the big question for

Ukraine is closing the skies. Sure, and that's still something where you haven't yet seen the US be willing to commit to a no fly zone just because that could mean that the US would wind up shooting at Russians. Uh. This is something that lawmakers are in scenario, they're potentially concerned about. But there is momentum in d C to pass more aid to Ukraine, whether that's military aid, humanitarian aid. UH. There is definitely a willingness among lawmakers to be able

to support Ukraine and what they need. I think they're just looking for the President to wind up to make that request. You're also going to see potentially more sanctions on President uh. Pressian President Putin, he saw legislation introduced last week from the House that would continue to put

pressure on him to end this war in Ukraine. I want to turn quickly to President Biden's domestic agenda, and we got a statement from the President last night following the mass shooting in Sacramento over the weekend, calling on Congress to act on guns. Is there any appetite on Capitol Hill for some kind of gun legislation? If I can try to focus his request on things that he thought might have bipartisan support that they'd be able to do.

These are things like requiring background checks on gun sales, banning assault weapons and high capacity magazines, and repealing gun manufacturers immunity from liability. But to be honest, Nathan has been very difficult to pass gun legislation on Capitol Hill.

I mean, it could clear the Democratic controlled House, but then it gets very very tricky with the Senate because of that filibuster, and gun control isn't something that could be done via that reconciliation process that only requires a fifty votes in the Senate. So at this point, it would be very surprising if Congress was able to pass anything. We've seen so many horrific shootings in the last decade and we've seen Congress just be unable to make moves

on this particular issue. If anything, we might see. Biden has mentioned his Buzzet budget proposal that would increase funding for cities to fund the police and fight crime prevention. That might be something that planning of the police could be something that winds up passing. Alright, as always, thanks Emily Bloomberg. Government reporter Emily Wilkins with us from Washington, and you can read more about these stories at bloomberg

dot com or on the Bloomberg terminal. Listen to Bloomberg Radio in the nation's capital Bloomberg and one oh five point seven FM HD two SMP. Future is ahead of the open, up four points down, futures down twenty NASTAC futures up fifty three, and the tenure treasury yield just shy of two point four percent. Bloomberg Surveillance is up next for Karen Moscow. I'm Nathan Hagar. This is Bloomberg