Bloomberg Daybreak: April 7, 2022 - Hour 2 (Radio)

for Supreme Court nominee. That's Donji Brown Jackson by my bloo Blarm. More ahead, I'm John skash Shower and Sports Second have come back by the Nets to beat the nixt. The Master's seeds off today, and the Mets open their

season in Washington. That's all straight ahead on Bloomberg day Break on Bloomberg eleven Trio, New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine six, Francisco, Sirius x M one nineteen and around the world on Bloomberg Radio dot com and via the Bloomberg Business app. Fany Good morning of Bethan Hager and I'm Karen Moscow

and SMP futures are higher this morning. It is coming up to six oh one on Wall Street, and I check the markets every fifteen minutes throughout the trading day on Bloomberg. Right now, SMP futures are up about thirteen points down, futures up thirty six, and NASTAC futures up seventies six, So futures are strengthening this morning. The decks in Germany's up about six tenths of upper sent ten. Your treasury up six thirty seconds. You're two point five

seven percent. They yield on the two year two point four three percent. NIMEX screwed oil is up one percent, or ninety one cents and ninety seven dollars twelve cents of barrel. The euro one pot eight nine three against the dollar. Nathan, all right, Karen, we'll have more on the markets in a minute. First, the latest on the war and more evidence of atrocities against civilians in Ukraine. The US and its satellites are lining up more sanctions on Russia. Amy Morris has more from our Bloomberg N

one newsroom in Washington. These new sanctions target two of Russia's biggest banks and Vladimir Putin's adult daughters. Chatham House associate fellow Katerina Waldschack tells Bloomberg Television Russia was the eleventh largest economy in the world, so there are consequences

beyond Russia's borders. Wolves the West now really reckons with is the funk that we have very extensive interdependence with Russia, with Russians, with the financial institution for Russian banks, but specifically energy slow and European foreign ministers are likely to discuss an oil embargo on Russia when they meet next week. Ukraine's foreign minister pleaded for more weapons during a NATO meeting in Brussels. The mayor of Mariople says more than

five thousand civilians have been killed in his city. In Washington, I'm maybe Morris Bloomberg daybreak, All right, Amy, thank you all. Another note on the war. It looks like the United Nations General Assembly could end up suspending Russia from the Human Rights Council. The Council plans to vote on a matter later today. On the days after the war began, caring the Russian ruble collapsed, Sanctions on Moss go sank it to a record low of one one per dollar.

Things look so dire. President Biden said the ruble had been reduced to rubble, but now the ruble has searched all the way back to where it was before Putin invaded Ukraine. Right now trading at about seventy eight per dollar. And we're seeing fallout this morning from one company's exit from Russia and Nathan shares of Shander down one percent in early trading. The oil giants said it's withdrawal from the country will result in four to five billion dollars

of impairments. Shall also warns that price volatility in the first quarter could hit cash flow. All right, let's shift to the economy and markets back here in the US now, Karen investors are still working through the Fence planned to parents balance sheet by more than one trillion dollars a year while also hiking interest rates. Let's get more live from Bloomberg's John Tucker John Nathan. The plan is spelled out in the just released minutes of the Fence March meeting.

Many officials viewed one or more half point interest rate increases as possibly appropriate going forward. That's if the rate of inflation doesn't come down. They also proposed shrinking the Central Bank's balance sheet in line with market expectations. Michael Sheldon at High Tower r d M Financial Group says the fan has been down this road before. They also, unfortunately have a poor track record of raising rates too

aggressively and causing a downturn in the economy. And that's what I think investors are getting kind of a jittery about right now. Michael Sheldon of r d M worries the Santa banquets slow growth more than it intends. Bloomberg Economics says the Fed minutes show noticeably more alarm about recent inflation developments. Live in New York on John Tucker

Bloomberg Daybreak. All right, John, thank you well. Stocks in Asia slid overnight, hitting a three week low, and there's concern our rapid rise in US interest rates good hit growth and hurt earnings. Do we get the recap from Bloomberg's Juliette Salion Singapore. Good morning, Juliette, Good morning, Karen. The m s c I Asia Pacific Index lost as much as one point three percent for a third day of declines, led by tech shares in Japan and Taiwan.

Stokes in Hong Kong and China fell while the one weekend as officials once again signaled they intend to loosen policy amid the car It outbreak and property market was a Bloomberg Intelligence gauge tracking McCaw casinos, Stokes Film more than three percent as a number of third party casinos could end their gaming operations in Macau in Singapore. Juliette Sally Bloomberg Daybreak. All right, Juliet, thank you. Back here in the US, a big name in PCs is getting

a boost from a big name on Wall Street. Shares of HP are surging nearly fifteen percent on word of an investment from Warren Buffett. Let's get the latest live from Bloomberg's Rnita Young. Good morning, Rnita, Good morning, Nathan. Warren Buffett's Berkshire Hathaway bought a steak in HP valued at more than four point two billion dollars. The stock was purchased in multiple transactions this week, and a regulatory

filing shows Berkshire now holds about one million shares of HP. Now, Berkshire has historically shied away from technology investments, but it's leaned further into that sector. In recent years. Live in New York. I'm Nita Young, Bloomberg Daybreak. All right, Grinita, thank you. Turning to the pandemic. Now, there's concerned about a potential rage and new COVID cases and that has FDA advisors worried about vaccine plans. Bloomberg said, Baxter has

the story. The advisors say the FDA should be developing a consistent standard for vaccines as new variants emerge. They say the odds are roughly twenty of another Oh Macron like event in the next twelve months. And i H Director Dr Anthony Fauci on Bloomberg's Balance of Power with David Weston says it will depend on a number of things. Hopefully there's enough background immunity so that we don't wind

up with a lot of hospitalization. Is the best way to avoid that, it is to get more people vaccinated and boosted. In San Francisco, I'm at Baxter Bloomberg Daybreak. Thanks said, there's word of a big name in finance with COVID. This morning, Christine Lagarde says she's tested positive. The European Central Bank president says her symptoms are reasonably mild and won't have impact on the operations of the ECB well. Another impact we're seeing from the pandemic, Nathan

brings us to the housing market. A new report by real estate research firm Adam Data Solution shows home prices and some of the country's pricest neighborhoods staying somewhat subdued. Upscale suburbs of Washington, d C. And wealthy New York towns are among the markets with the slowest price appreciation. Defining show the spread of remote work during the pandemic has allowed many people to op for a living somewhere more affordable. Your latest local headlines, check his sports all

straight ahead. This is Bloomberg. Thanks King six or seven on Wall Street, forty six degrees in Central Park. We gotta crash on the southbound Harlem River Drive by a D five. Details coming up in traffic. First Michael Barb with more on what's going on in New York and around the world. Good morning, Michael, Good morning Nathan. Major crime in New York City rose by thirty six point five percent in March from a year ago, despite Mayor Eric Adam's efforts to reduce a spike of incidents that

have persisted since the pandemic began. The m I p D says citywide shooting incidents increased by more than sixteen percent in my p D Commissioner keeaching Seoul. While there is no doubt that we face challenges and reversing years will not take weeks, the end YPD remains steadfast in its vision, plan and commitment to the residents, businesses and

visitors to this city. Commissioner Sewell's has the number of homicides fell by almost sixteen percent from a year ago, robberies rose by more than forty eight percent, and burglaries jumped by The Senate will vote on final confirmation of President Biden Supreme Court nominee Judge Katanji Brown Jackson this afternoon. Senate Majority Leader Chuck Schumer made the announcement on the

floor last night. First and foremost, we have reached an agreement for the Senate to conclude the confirmation process of Judge Katangi Brown Jackson. Jackson would become the first black woman to sit on the nation's highest court. The House voted to hold two former top Trump administration officials in contempt of Congress for defining subpoenas from the committee investigating the riot at the US Capitol. Committee Chair Bennie Thompson.

We act the individuals, subpoena at them that come before the committee, and they chose not to come, and they full they broke the law, and that's why we are here today. Representative Many Thompson says, the near party line vote sends the contempt resolution for Dan's Covino and Peter Navarro for referral to the Justice Department for possible prosecution. The Postal Reform Act is now law. President Biden says the legislation guarantees that the mail will continue to be

delivered six days a week. Build increases transparency by requiring the postal service to develop online on an online public dashboard updated weekly with local and national service performance data. President Biden says Congress voted to end a law that forced the Post Office to put aside billions for future retirees healthcare. They'll now take Medicare instead. Global News twenty four hours a day on air and on Bloomberg quick Take, powered by more than undred journalists and analysts in more

than a hundred twenty countries. I'm Michael Barr. This is Bloomberg Nathan, thank you, Michael six o nine. I'm all street. Time for the Bloomberg's works out there, all right, Nathan Nickson, Nets set the garden. First half is all next they had a nineteen to nothing wrong. They let at one point by twenty one, but the Nets were not exactly known for their defense, held the Knicks to the second after thirty one points. They had scored thirty eight in

the second quarter. The Nets scored thirty eight in the fourth. They won one. Kevin rant scored thirty two points and had a triple double. Obviously, every game is important for us, and not just understandings, but for us to I ain't a build on what we want to do out there. Um and I think the first half we didn't. We didn't play Nets Brandon basketball stuff that would teach about xcut crackers every day. We're not at the second half,

you know, that's what we are. That Katie mentioned the standings the Nets in the battle with Cleveland and Atlanta to finish seventh, that means one win at home and you can advance Rangers. It was Pittsburgh tonight that could be a playoff preview. While the Yankee open at the stadium, but the Red Sox was moved to tomorrow. The Mets opener in Washington is on despite some range forecasting d C. They did push the start from four o'clock back to seven.

The Mets hope to have Jacob mcgram on the mount for the opener. If not him, then Max Scherzer instead. It's Tyler and McGill. The grand may not pitch until June to a shoulder injury. Shurger has got a tight hamstring is expected to make his Mets debut tomorrow against his old team Well Tiger Woods is surprisingly in the master's field. Phil Nicholson is not missing his first Master's nineteen nine four or three time champ, taking time off.

He was criticized for his disparaging the Marks about the PGA tour. The Masters says Michelson was invited and it was his decision not to play. Bloomberg Radio with hourly Masters updates starting today and the Master's tonight show at eleven John stash Award Bloomberg Sports Nathan Okay, John, thank you. SMP futures gaining strength now up twelve point, stoun futures up thirty two. Nanstack futures higher by seventy four points. The tenure Treasury is up four thirty seconds, the yield

two point five eight percent. Deald on the two year two point for three nimex crewed up one point two percent, up a dollar seventeen at ninety seven dollars forty since a barrel. You're listening to Bloomberg day Break. Bloomberg day Break is brought to you by the Jewish Communal Fund j c F. Stner Advised Fund is the smart choice to manage your philanthropy, especially in times of crisis. Make your giving impactful. Visit j c F n y dot org.

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 blash and I'm Karen Moscow. And markets are showing signs of stabilizing as traders step in after a sell off sparked by the federal reserves hawk ish tilt. We checked the markets every fifteen minutes throughout the trading day on Bloomberg s and P futures up twelve points, staff futures out up thirty.

Nastag Future is also higher up seventy five. The Dacks in Germany's up about six tenths of upper set ten. Your treasury at five thirty seconds hill two point five seven percent. The yield on the two year two point four three percent NIMEX screwed oil is at one point two percent of a dollar twelve at ninety seven dollar thirty five cents of Barrel comic school there is up four tenths per cent, or seven dollar sixty cents. At nineteen thirty seventy announced. The euro one point eight nine

six against the dollar. British found one point three zero eight zero, The n is at one twenty three point seven three, and bitcoin it's lower, down about one percent at forty three thousand, four hundred fifty dollars. That's a bloomberg business flash. Now here's Michael Barrow with more on what's going on around the world. Michael Karen, thank you very much. The United Nations General Assembly is set to vote today on the weather to suspend Russia from the

Human Rights Council. President Joe Biden accused the Kremlin's forces of committing major war crimes in Ukraine. It is opening day in Major League Baseball. The Mets are at the Nationals. The Yankees Red Sox opener in New York has been postponed because of the weather. In the NBA, the Nets beat the next one ten Celtics won, the Wizards lost in the NHL. The Capitol's won in golf. Round one of the Masters begins today. Tiger Woods is back in

the field fourteen months after a devastating car crash. Stay tuned for updates every hour on Bloomberg Radio and a special edition of Masters tonight coming up at eleven pm. Eastern Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists anialist 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 Brokers Studios. This is Bloomberg Daybreak as we continue our coverage of the war in Ukraine and the sanctions pressure on Russia. Were joined once again by Bloomberg New Senior reporter for International Affairs, Mark Champion Market as always to have you with us this morning. I know you've been monitoring the NATO Foreign Ministers meeting in Brussels, it sounds like Ukraine's Foreign minister, Demetro Kuleba, has been

really putting pressure on for more support for his country. Yes. Absolutely, I mean there's a recognition in Ukraine that the sanctions are all well and good, and they're pushing very hard for heavier sanctions on Russia. But in a very short term, on the battlefield, the thing that really makes the difference is weapons, and uh, the Ukrainians have sort of need to scale up if they're going to start taking territory back, so they'll need more than light weapons. They'll need heavier stuff, um,

you know, stuff that makes them mobile tanks, etcetera. Um, and better air defenses. So there's a there's a big shopping list. There is there any indication from NATO that it's sounding open to that idea. It has been resistant up to now to bringing in some of those heavier weapons,

particularly in the air. Yes, it has, and you know some of that remains there, you know, important you know worries about bringing things, uh, you know, airplanes into into Ukrainian airspace from NATO airspace in terms of how that would be viewed by Russia. But at the same time you're starting to see some kinds of weapons that you

know weren't being considered before. The The UK is looking at sending armored vehicles now UH and the US was just a couple of days ago said that it would help with the renovation of the Soviet designed tanks to be sent into Ukraine. So there is some movement in those terms, but really the the issue for the Ukrainians is the sheer speed and scale of supply that they would need. We're also sorry, Mark, We're also seeing some reporting just across the Bloomberg Terminal of potential hurdles when

it comes to European sanctions on Russia. There's this push our for a coal import band, but sources are telling us that there may be a split between Poland and Germany when it comes to how to phase in this band. Germany's pushing to wait until August for coal imports to be embargoed. How unified is the European Union at this point when it comes to sanctioning Russian energy? Absolutely, I mean this is business as usual for the EU. UH and the speed with which you know previous sanctions were

agreed to UM was actually quite unusual. So you know, as as usual, what happens is that that the Commission will propose a set of sanctions and that gets reported and then it has to be decided by uh the you know, the the member states, and there's a lot of them who have very different situations and interests um and uh. You know, Germany in particularly gets a lot of its coal from Russia, um, and it will need

to find ways to just to plant that. And at the moment, given that Russia, Germany has is in the middle of the phasing out the last of its nuclear energy. Uh, you know, it has few alternatives, and natural gas is one of them, and that's just as as problematic because most of that comes from Russia. Yeah, you raise an interesting point there when you say that it did come as a bit of a surprise when we got that

initial announcement on the coal band coming so quickly. If we are starting to see these hurdles here, Mark, what does that mean for potentially sanctions later on down the line on Russian oil and gas? There had been some thought that maybe that they would be sanctioned later on. Does that push the timeline back further? You know, the oil and gas were always going to be very difficult, and they still aren't very difficult. Um, you know that it would have been inconceivable just a few weeks ago.

It's now under discussion, so that already is you know, quite a move. But I think, you know, Cole is doable and they'll get there and there'll be a negotiation about how long it takes. Um. You know, in terms of the phase in oil and gas, I think will be a much tougher discussion, discussion, But I wouldn't. You can't rule anything out at this point because this conflict has changed so many deeply in transpositions already. Mark Champion

Bloomberg new senior reporter for international affairs. As always, thanks for the update on what's happening in the war in Ukraine and particularly uh the sanctions debate continuing in Europe. Looking ahead to the market open on Wall Street, futures are moving higher. We have SMP futures up thirteen and a half points now, TOW future is up thirty five, NESTSECT futures on the rise by seventy eight points, and the tenure treasury up five thirty seconds of the yield

two point five seven percent. Just ahead the Ruble comes back from the rubble, and Warren Buffett sends a tech stock surging top stories of the morning. Just ahead, you'll listening to Bloomberg Daybreak and Bloomberg Daybreak is brought to you by ancient accountants and advisers. Challenging times call for proactive advisors who helped minimize taxes, increased cash flow, and

create opportunities for the future of your business. Visit Ancient dot Com broadcasting live from the Bloomberg Interactive Broker Studio in New York, Bloomberg Living Freedom to Washington, d C, Bloomberg nine nine one to Boston, Bloomberg one O six one to San Francisco, Bloomberg nine sixteen to the Country, Sirius XM to the one nine Tea and around the globe the Bloomberg Business in Bloomberg Radio dot Com. This is Bloomberg Daybreak, six thirty on Wall Street. Good morning,

I'm Nathan Hagar and I'm Karen Moscow. We're just about three hours away from the open of US trading. Time for the five things you need to notice start your day. Brought to you Interactive Brokers. Interactive Brokers charges margin loan rates from zero point a three percent to one point three percent rate subject to change. Learn more at ibkr dot com slash compare. First, the United Nations General Assembly votes today on whether to suspend Russia from the Human

Rights Council. A key NATO meeting focused on the war is also underway in Brussels. Bloomberg's Maria Todayo is there and reports Ukraine's foreign minister is asking NATO for more weapons. The Ukraini for Amiser said the time for the reassurance is over. Is very clear for Ukraine have had a big reality check on this. The nature is not going to fight this war on the ground, but he says,

at this point what we need is big weapons. The focus from the Ukrainian foreign ministers to walk away, walk out from this meeting with a clear plets from NATO that we are now going to see heavy tax potentially also missiles. He wants to come out of this meeting with a clear signal from them that he will get it, and Bloombergus Maria Todao says Ukraine is also calling out Germany, specifically saying the country has been too slow to help meantime.

In Financial Mark It's Karen the Russian ruble has made a comeback. Trading dead levels seen before the war began right now at about seventy nine per dollar, and we shifted the economy now, Nathan, and markets here in the US, investors are still working through the Fence plant to parents

balance sheet, will also hiking interest rates. We get the details life at the Bloomberdge John Tucker, John Karen Menace from the Fence March meetings show a hawk is till the officials were focused on tamping down inflation and appline plans to pair on their balance sheet by more than a trillion dollars a year. It's raising concern about whether the central bank and engineer a soft landing for the economy.

Many of you attended the March meeting also viewed one or more half point rate increases as possibly appropriate going forward Live the New York I'm John Tucker Bloomberg Daybreak and John. A commodity call from JP. Morgan's also making news. The firm says commodities can serge as much as it's if investors boost raw material allocations as a hedge against inflation. Well.

Shares of HP are surging almost fifteen percent this morning. Nathan, The move comes on word of an investment by Warren Buffett. We get the late line from Bloomberg's Renedy Young. Good morning, Reno, Good morning, Karen. Warren Buffett's Berkshire Hathaway bought a steak in HP valued at more than four point two billion dollars. The stock was purchased in multiple transactions this week, and Berkshire now holds about one one million shares of HP. Now.

Berkshire has historically shied away from technology investments, but it's leaned further into the sector in recent years. Live in New York, I'm Rernita Young Bloomberg Daybreak. I need to thank you, and that's the fine things you need to know to start your day and straight ahead your latest local headlines plus a check of sports, and this is Bloomberg. Thanks Scaring six thirty three on Wall Street, forty six

degrees in Central Park. We got a new crash on the southbound Harlem River Drive at a hundred thirty five to tails coming up in traffic first, Michael Barr, What else is going on in New York and around the world? Thank you, Nathan. Major crime in New York City rose by thirty six point five percent in March from a year ago. Despite Mayor Eric Adam's efforts to reduce a spike of incidents, the NYPD says it he wind shooting

incidents increased by sixteen point two percent. Mp D Commissioner Keeaching Sewell says, though there are some positives, we are arresting record numbers of people for shootings and homicides, and we're clearing more cases helping to deliver justice to victims. So far this year, the NYPD has made three hundred and thirty five arrests linked to murders and non fatal shootings, considerably more than the two hundred and fifty seven such

arrests made by this time last year. Commissioner Sewell says the number of homicides fell fifteen point eight percent from a year ago. The Senate is expected to confirm Supreme Court nominee Katangi Brown Jackson. Today. It will secure her place as the first black woman on the High Court. Senate Majority leader Chuck Schumer it will be a joyous day, Joyous for the Senate, joyous for the Supreme Court, joyous

for America. Senator Schumer says. Three Republican senators have said that they will support Jackson, who would replace Justice Stephen Bryer when he retires this summer. The House voted the whole two former Trump aides Pete Navarro and Dan Scovino in contempt of Congress for refusing to cooperate with the panel investigating the capital attack. Committee chairman Representative Bennie Thompson. If they were a father, a mother, a sister, brother,

uh had children. If they break the law, they break the law. No one's above the law, Representative Thompson says. The near party line vote was send the criminal referrals for Navarro and Scavino to the Justice Department for possible prosecution. The top medical advisor to President Joe Biden says a surge in COVID nineteen cases is likely towards the end of the year, and warns the US will run out of tests and anti viral drugs if more funding is

not provided. Dr Anthony Fauci spoke with Bloomberg's David Weston over the next couple of weeks, we are going to see an uptick in cases, and hopefully there's enough background immunity so that we don't wind up with a lot of hospitalizations. The immunity to COVID and saws Kovie two is something that wanes over a period of months, so that's the wild card in this. Dr Fauci also made

a case for a second vaccine booster. Global News twenty four hours a day on air and on Bloomberg Quick Take Forward by more than hundred journalists and analysts in more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg Nick. Thanks Michael Oh. Six thirty six on Wall Street Time for the Bloomberg Sports Update with John stash Out. Thanks Nathan. No secret the Knicks wanted to sign Kevin Duran a few years ago, maybe because they

can't beat him. Durant's career record versus the Knicks is twenty and three. Hasn't lost to them since two thousand thirteen when he played for Oklahoma City. Katie is a free agent, of course, chose the Nets over the Knicks and at the guard and he put on a show thirty two points, twenty three in the second half, ten rebounds,

eleven assists. Nets came from twenty one down to win one and if they win their last two games, they finished seventh in the East, which means they'll need to win just one home game to move in of the first round. Their coach, Steve Nash, now, we need our best effort, and I think sometimes that that is a difficult kind of mix of emotions and the physical and mental exhaustion that we got to weather here for a

little bit. But uh, you know, the nights like tonight can help us kind of freshening up to feel that belief again. It was the second huge MSG comeback by the Nets. They had an earlier win from twenty eight down that was without Durant and without Kybrae Hervy. Opening Day, there are seven games not the Yankees and Red Sox at the stadium that was postponed until tomorrow. The Mets opener in Washington was moved from four o'clock to seven. First game of the year Wrigley Field the Braves today

Oister Championship banner in Atlantis. Joey Otani will be on the Mount tonight for the Angels. It'll be Cleveland's first ever game known as the Guardians. The Master's teas off today Alines on Tiger Woods. There are others like Scottie Scheffler, He's the hottest Golfer now ranked number one. He teas off just before eleven this morning, Dustin Johnson, Jordan's Speed, Rorie McElroy, Brooks Kepta. They all played this afternoon hourly

updates on Bloomberg Radio and The Rap Pub Show. Tonight, edel having John Sports Nathan, Thank you John, six thirty 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 creating gooped to obviously one of the big movers this morning, Creedy is HP. Are we seeing any spillover for tech? We are seeing a little bit of spillover for tech, but keep in

mind yesterday was a horrible day for tech. You had the nastic at almost three percent at one point during the session. What's interesting here is that this has nothing to do with the rebound that you might be seeing in some of those other tech stocks. Will start there that Let's hit Macro first and start there with Tesla. I mean, this has been a name in the news given Elon Musk's addition to the Twitter board t s

l as your taker. It did actually take quite a hit yesterday, So this is taking a rebound here up two point one percent here in the pre market. Similar story when it comes to those chip stocks, which also

we're taking quite the hit yesterday. A lot of that had to do with simply the rises in that tenure yield that you were seeing once again, higher yield, especially by that margin a ten or fifth seventeen bass point move, which is what we saw on the last two days, that is going to hit those heavy valued UH set me conductor stocks for example, or those heavy hitters in

the SP five hundred as well. So a m D for example coming back this morning one point four percent, Facebook as well, FB up one point three and video, which was the big mover yesterday, n v D A up some one. But you mentioned hp which really is, to your point, the big mover. Hp Q is your taker. A big warning out there, there are two takers for hp H. P Q is the one that is actually making the laptops and the printers. HP is they're kind of spun out business that does a little bit more

of enterprise computing. But it's hp Q those are that are rising quite a bit. After Lazarnita reported earlier, Warren Buffets Berkshire Hathaway bought a steak in the laptop maper valued at more than four point two billion dollars. So you are seeing those shares rise some fifteen percent of the pre market. Nathan H. P Q is the Taker, Yeah, it certainly has been the one to watch this morning.

But outside of tech creaty, what are you looking at? Well, two other big movers here, and it looks like it's all coming off of the busy bees A Wels Fargo here, Levi Strouse for example, L E. V. Eyes your Taker. Uh, it is actually up in the in the pre market after said revenue during the most recent quarter increased two

to one point six billion dollars. Wellth Fargoes, the aforementioned busy bios talking about said the comments about a strong first quarter and good momentum in March should help dispel those investor concerns. I think that backing that's also helping those Levi Strouse shares in the pre market. You've also got wayfair here once again a function of a Wells Fargo down grade, the Taker is just the letter W down four percent, the firm downgrading it to an underweight

from equal weight. In a note that's turning a little bit more cautious on housing impacted retailers, that housing boom we saw in the last two years. Maybe uh, losing a little bit of momentum there, Nathan, someone who knows from Busy Bees, Bloomberg Radio and TV Markets corresponding Creedy Gupta, thanks for being with us as always in the pre market and looking at stocks as a whole before things

get going in the cash market. On this Thursday morning, SMP futures are up twelve points, Future is up thirty, NASA futures up sixty eight points. The ten your treasury is higher as well by three thirty seconds. The heel down to two point five eight percent in the yield on the two year two point four three. Still seeing a surge in commodities with dime x screwed up one in three quarters percent. Nineties seven dollars nine cents for a barrel of West Texas Intermedia. This is Bloomberg Bloomberg

eleven three oh Weather. Scattered showers and storms today, low fifties for highs mix of sun and clouds. Tomorrow, chance for another shower. Low sixties. Can't roll out an isolated afternoon shower on Saturday. Upper fifties right now forty six in Central Park Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Quicktape. This is a Bloomberg Business Flash and I'm Cameron Moscow. Futures are moving higher this morning.

We got to the first word breaking news. Dask for today's morning call. Here's Bell Maloney, Bell, good morning, and good morning Karen. That's right. Modest games in the US futures right now at down futures up twenty seven point, sesames gain eleven, while nadsack futures are higher by sixty five. The US ten year old at two point five eight percent. Gold is little, chain oil trading higher, but Bitcoin is

down by one point two percent. Japan fell one point seven percent overnight, while europ markets are in the green this morning and back in the US on the economic Frinday thirty initial job As claims after the Bellas night, Analog Devices saw sales at the high end of the forecast, and regarding earnings this morning, look for Constellation Brands to

report in the pre market. In other news, Berkshire Hathaway added a new four point two billion dollar HP Steak and the ft report that Meta is exploring a virtual currency for the Metaverse. Wrapping things up, Forward was cut to equate over at, Barkley's automation was raised to overweight over at JP. Morgan Live from the First Breaking News desk, Bell Maloney, Karen, all right, Phil, thank you, and to hear live breaking news over her Bloomberg Time Swunk on your terminal, s q U a w K and that's

a Bloomberg business flash. Now here's Michael bar with more on what's going on around the world. Michael, Karen, thank you very much. Ukraine is appealing to NATO for more weapons and it's flight against Russia to help prevent further atrocities like those reported in the city of Bucha. It comes as the US Senate will vote today on ending normal trade relations with Russia and banning the importation of its oil. It is opening day in Major League Baseball.

The Mets are at the Nationals. The Yankees Red Sox opener in New York has been postponed because of the weather. In the NBA, the Nets beat the Knicks one, the Celtics won, the Wizards lost. In the NHL, the Capitol's one in Gulf Round one of the Masters begins today. Tiger Woods is back in the field fourteen months after a devastating car crash. Stay tuned for updates every hour on Bloomberg Radio and a special edition of Masters Tonight

coming up at eleven pm Eastern. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts for more than twenty countries. I'm Michael Barr. This is Bloomberg. The following commentary is from Bloomberg Opinion Leaving. I'm Jonathan Bernstein,

a calumnist for Bloomberg Opinion. Back in January, there was a huge party imbalance in House retirements, with eighteen Democrats and only four Republicans heading for the exits without seeking another office. That's what one would expect during an election cycle in which just about everyone expects Republicans to win

the House majority, but perhaps that was misleading. With two Republicans announcing this week that they won't seek re election, six of the last eleven retirements were Republicans, so while it's possible things could change at the last minute, Perhaps the biggest development since January is something that didn't happen a flood of Democrats exiting. Without that, the number of

Democrats leaving is quite moderate for a redistricting cycle. It's hard to see the overall retirement story as signaling a collapse of democratic resources for the two elections. To be sure, if Joe Biden remains unpopular, Democrat rats will suffer in November, and perhaps badly. But if not, I'm not seeing any strong evidence of an already built in Republican landslide. 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. These has been Bloomberg Opinion and Bloomberg Opinion commentary is gonna 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 and then return to news and science and Technology now with the Bloomberg and j I T. Stam Report. It is brought to you by New Jersey Institute of Technology and j I T makes industry ready engineers in more than

twenty fields. If it's engineering, it's at n j I T. Learn more at n j I, T, DOT, E, d U, and now Here's It's making news and science, technology, engineering, and math. More than two years into the COVID nineteen pandemic, US health officials are beginning to grapple with how to keep the vaccines updated to best protect Americans from the ever changing coronavirus. Yesterday, a panel of vaccine advisor to the f d A spend hours debating key questions for

revamping the shots and conducting future booster campaigns. They did not reach any firm conclusions. Boeing is hiring the three biggest US cloud computing companies Amazon dot Com, Microsoft and Alphabets Google to help with a digital makeover aimed at

giving its airplane designers and software developers more tools. Bowing plans to shift hundreds of applications to the cloud, where they'll be stored and maintained in the Tech Giants data centers and at first in the National Football League, Bitcoin Magazine says that Tennessee Titans will become the first NFL team to accept bitcoin as payment. The Titans joined teams like Major League Baseball's Oakland Athletics and the NBA Sacramento

Kings and Dallas mavericks and accepting bitcoin. And that's the Bloomberg and j I. T Stem Report. Nathan, I'm still stuck on Bitcoin magazine. I didn't know that was a thing.

Thanks rbscription, They thank you for that. We're live from the Bloomberg Interactive Brokers studios, where it is now six fifty two on Wall Street Time Now to check what's going on in DC, where some of the top stories include new sanctions on Putin's daughters and Russia's too largest banks, COVID fund installed in the Senate over a fight on border policy, and Speaker Pelosi planning a visit to Taiwan,

the first such trip in a quarter century. Let's bring back Bloomberg Government Congressional reporter Jack Fitzpatrick for more on all these stories, beginning of course, with the latest sanctions. Jack, when we think about Putin's daughters, is this anything more

than symbolic? Well, this is, I guess, more minor than the main thrust of sanctions that you know, there had been talk for so long about targeting Putin and his family because he could be hiding wealth in places where it's hard to find, targeting oligarchs, but really the focus has shifted to broader sanctions essentially to try to just deny the Russian government the resources it needs to maintain the war overall. So this is the thing a lot of people have talked about for a while, but it

definitely pales in comparison. Uh, when it comes to the importance to the conversations with European allies about any further move away from oil and gas purchases, for example, from Russia. Uh, it's it may not be symbolic, but it is much smaller than the other sanctions we've heard about. Now, obviously the oil and gas sector is something that's really been a focus. What more could the US be looking at

when it comes to ratchetting up further sanctions pressure on Russia. Well, you know, for one, they can continue to try to make sure there's no escaping the sanctions that have already

been in place. I would also point out, Uh, there is a bill that's being introduced, a bipartisan bill by Senators Ron Widen and Rob Portman that would one actually ensued that US companies currently paying taxes in Russia would lose any American tax benefits, which is sort of a roundabout way of ensuring that any pull out of American private interests in Russia that hasn't already happened, would happen further.

So there there are bits and pieces, but again, the unilateral issues for the US are limited, UH, and a lot of the focus is more on Europe and of course big countries including China and India, ensuring they don't establish any more of an economic relationship with Russia. Well, let's keep the focus on Capitol Hill, Jack, because there's been a debate in the Senate on new COVID funding. It's less than what President Biden wanted, and now we're

hearing that it may be installed indefinitely. Yeah. Well, at first it's less than half of what the White House wanted. They're talking about a ten billion dollar bill, uh, compared to a request originally for twenty two and a half billion. They got into a big fight over whether and how to pay for it. They ultimately agreed on some offsets, pulling back unspent money from previous stimulus packages. But then this Title forty two debate is where they ran into trouble.

Title forty two is the policy as a CDC pandemic era policy that allowed officials to send away migrants and asylum seekers at the border much faster than usual, So sort of a pandemic immigration policy that President Biden just recently decided to end. There's a lot of Republican and some Democratic pushback to that. Republicans said, if you want to vote in the Senate on this ten billion dollar COVID package, we want an amendment vote on a measure

that would block this Title forty two decision. Uh And they have stalled entirely. They're they're set to leave later today for a two week recess. It does not appear even possible for them to vote on this, so that the prospects for that have been delayed at least for a few weeks. Now, in our last minute here Jack, speaking of the recess, we're hearing that how Speaker Nancy Pelosi, on her Asian trip during the break, is going to

be making a stop in Taiwan. Yes, they play these things close to the chest, but there's reporting from the Fuji News Network that Pelosi is expected to arrive in Taiwan on Sunday. That would be a really significant trip one uh. No speaker since Newt Gingrich has traveled to Taiwan. This would rankle China, to say the least. An official from China's Foreign ministry said there would be consequences. They would want to push back on the US as much

as possible. UH. It seems to already have ratcheted up the rhetoric despite no confirmation from Pelosi's office yet and UH certainly coming at a very difficult time when the US is trying to put some pressure on China to do more. UH in influencing Russia in the war in Ukraine. Jack Fitzpatrick of Bloomberg Government, thanks as always for being with us. You can read more about all these stories on Bloomberg dot com or on the Bloomberg terminal, and as a reminder, you can follow all the latest on

Bloomberg Radio in Washington. Tune into Bloomberg one and one oh five point seven FM, h D two SMP futures right now up ten points, Staff futures up eighteen NASTAC futures are higher by fifty eight points. The futures markets pointing to a higher open on this Thursday morning day after the Fed Minutes spelled out the balance sheet unwind

for the Central Bank. The tenure treasury now up one thirty second with a yield two point five nine percent yield on the two year two point four three niam X crewed up one point six percent, up a dollar fifty one at ninety seven dollars seventy two cents a barrel. Bitcoin down one point one percent forty three thousand, four hundred dollars. Bloomberg Surveillance up next with Tom Keene, Jonathan Farrell, and Lisa A. Brahmowitz for Karen Moscow. I'm Nathan Hagar. This is Bloomberg.