Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business Out and at Bloomberg Quicktake. She's a Bloomberg Business Flash and I'm Karen Moscow futures are lower this morning. We check the markets all day long here on Bloomberg. SNP futures down seven points or two tens of uppercent. NASDAG futures down two tens of upper cents. So were down futures NASDAG futures down twenty points down. Futures down seventy one. The decks
in Germany's down two tens of uppercent as well. Ten year treasury up five thirty seconds. You'ld three point six four percent yield on the two year four point two zero percent. NIMEX screwed oil is up one percent of a dollar forty one. It's seventy nine dollars seventy cents
of barrel. Call mex School. That'll change at eighteen twenty four and ninety announced the euro one point six one seven against the dollar, The British found one point to zero four five and again one thirty two point eight, and bitcoin is up a quarter percent. It's at sixteen thousand, eight hundred dollars. And that's a Bloomberg business flash, Nathan, Okay, Karen, thanks six fifty six on Wall Street. Bloomberg surveillance is
straight ahead. First, we want to take a look at stock some of the individual movers in the early going. We're joined live now by Bloomberg Markets Live correspondent Tatiana dari A. Well, so much for the Santa rally after FedEx and Nike and the consumer confidence numbers yesterday, here comes Micron Technologies with a macro lump of coal, Tatiana, exactly, Nathan,
sending another warning about consumer demand. There will Micron here taker m you, the largest use maker of memoryships moving lower by three percent in the pre market after reporting some disappointing earnings making and delivering a weak Salves forecast, and also some cust cutting measures, including plans to cut the workforce by ten percent. The company blames it all on an industry glat that that's worse than thirteen years
according to the CEO. That's, of course as um now Sammy's are having to deal with glot after not being able to produce enough just you know, less than a year ago. Remember the chip shortage. Well now they're producing and are keeping inventories that are higher. And that's as people you know, have shelved their purchases of personal computers and smartphones as they returned back to work and didn't
need anymore. And also amid rising inflation and and uncertain economy, especially um as you look at those recession concerns parking up and the layoffs here picking up as well. Well, we know that semi's have been struggling with demand, right if you look at the stock, shares are down about forty five percent this year, under performing the Philadelphia Semiconductor Index. But the disappointing results here are nonetheless worrying for the
tech industry particularly, but for the Broadway economy as a whole. Yeah, I also see your keeping an eye on Tesla shares this morning. Not a whole lot of movement, but it looks like the electric vehicle makers dangling some incentives again exactly, it's moving. It's higher by about half a percent here. I'm not sure the move will will hold, to be honest, I think it's just, you know, seeing some relief after
four days of losses in a really tough year. Frankly, but The story this morning is the Tesla's offering US consumers seven thousand, five hundred dollars to take delivery of its two cheapest models before year and and that's doubled the discount of what the company was offering earlier this month. So I guess, you know, for those who haven't completed their Christmas shopping, there's a chance there. I mean, we have to say, this is a very rare move from Tesla, right.
This is a company that had a no discount policy for years, but it shows that the incentive is sort of This incentive is the latest indication that CEO Musk's prediction for an epic year of the end of the year is not panning out as planned, that they perhaps and need to do more on the pricing side of things, uh to meet their goals. And perhaps investors are nagna not gonna like that. Yeah, And I guess if nothing else, is the season for a little bit of gifts and
maybe that's what we're seeing from Tesla this morning. Thanks for this, Tatiana, good having on with a Bloomberg Markets Life correspondent Tatiana dari A. Future is moving lower. SMP futures are down five points right now down futures down fifty nine, and Nasdaq futures are lower by seventeen points at six fifty nine. On Wall Street, I'm Nathan Hager alongside Karen Moscow. Bloomberg Surveillance with Tom Keene and Lisa Brahmowitz starts right now, live from the financial capital of
the World, broadcasting across the globe. This is wbb R New York, Bloomberg Living Frio. We are not focusing deep and very long recession, but let's not let's not be too markets headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Quick Ja. He's a Bloomberg Business last and I'm Karen Moscow. Futures are lower this morning. We get at the first word breaking news dance for today's morning call.
Here's Don Maloney, l good morning and good morning. Can that's right. US futures trading in the red right now, with the futures down seventy seven points, SUPs drop eight n NEZ that futures are lower by two the US ten year old at three point six four percent. Gold is little changed. Oil trading in the green and Bitcoin is also trading little changed. Hong Kong rose two point seven percent overnight, while European markets are posting modest losses
this morning. And back in the US on the economic front at a thirty g d P and initial joblos Kane claims after the bell last night, Micron gave a lackluster revenue outlook and look for carmacks and paychecks to report in the pre market. Indian News the ft report that black Rock considered buying Carlisle after the CEO left and wrapping things up Jeffreys Coctor Market Reform over at KBW Live from the first breaking news Tasco Bill Maloney, care all right, Bill, thank you to hear live breaking
news over your Bloomberg type squawk on your terminal. Sue you a w K and that's a Bloomberg business flash. Now here's Michael Barrow with Moore on what's going on around the world. Michael Karen, thank you very much. Ukrainian President Voladimir Zelensky pressed the US Congress for tanks, planes and more money to help repel Russia's invasion. In his first trip abroad since the warsz Lensky sold a joint meeting of Congress that US support has been crucial so far.
The reports set to be released today about the House Investigators claims that then President Donald Trump criminally plotted to overturn his twenty twenty election defeat and provoked his supporters to violence at the Capitol with false claims of voter fraud.
In the NBA, the next loss the Nets down the Warriors one for three month thirteen in the NHL, the Devil's won Global News twenty four hours a day on air and on bloom a quick tank powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. Michael Barr and this is Bloomberg hearing, all right, Michael Barr, thank you at a six forty
two on Wall Street. And we turned to news and science and technology now with the Bloomberg and j I. T Stem report, and here's just making news and science, technology, engineering and math. Microsoft was find sixty four million dollars by France's privacy watchdog over its management of cookies on its Being search engine. Frances Data protection authorities that it carried out several checks on Being in September twenty and one and found cookies were deposited without user consent, even
though they were used for advertising purposes. The us is first National cyber Director, Chris English, is reportedly planning to
step down in the coming months. English worked as one of President Joe Biden's top cyber security advisers at a time when the US was struggling to combat a steady stream of ransomware attacks on both businesses and government agencies, and one of the largest miners of bitcoin became the latest company to file for bankruptcy amid the crypto Winter, Texas based Corpse Scientific file it's bankruptcy petition, citing a slump in bitcoin prices, high electricity costs, increased competition and
litigation as impacting performance and liquidity, and as to Bloomberg and j I t Stem report. Nathan, Okay, Karen, thank you. It is sixty three on Wall Street Time now to check what's going on in DC on this morning. After a historic night on Capitol Hill, Ukraine's President Voladimir z Lensky urging Congress for more support in the war against Russia. We stand, we five, and we will win because we
are united. But Ukraine aid in the massive spending bill, making its way through Congress could be hung up over a border policy dispute. Also making news, House Republicans report on the January sixth assault, focusing on security lapses and Trump allies shown taking the fifth in January sixth committee transcripts. Let's bring in Bloomberg Government congressional reporter Jack Patrick to get more on some of these stories. Jack, good morning.
Quite an extraordinary address from the Ukrainian president last night. Yeah, and it got a good reception, a lot of standing ovations from members of Congress. Uh. Really a positive reception. Probably not surprising that they've got a positive reception, especially from those who attended. UM, given that you know, there have been negotiations going on in the capital about the level of support for Ukraine, what they were going to
put in this spending bill. Uh. And especially when you look at congressional leaders UM, really a bipartisan group other than some House conservative Republicans. Uh. It's it's clear there there's still a lot of support, bipartisan support in Congress for Ukraine. And it seemed to be a motivating event for lawmakers to hear directly from President Zelinski in person.
It'll be interesting to see whether that motivation continues into the next Congress, when we're expecting from what we've heard from Republicans that they're going to give a lot more scrutiny to Ukraine AID going forward. What's your sense from the congressional members that you've been speaking to about what AID will look like for Ukraine under the new Congress. You know, talking to I think leadership aligned Republicans, you
hear that there's quite a bit of support. Um, even House Republicans who are on the Appropriations Committee who work on these funding requests that kind of thing. Uh, there there's a lot of support. If you're trying to pinpoint where the questions come from. Uh, you know, there's a conservative wing. You may have seen clips of Matt Gates and Lauren Boebert really the only two who didn't participate
in some standing ovations who are in the chamber. Uh. Those types of lawmakers even were critical of Zelenski giving the speech in the first place. Um, it's a bit of a sort of a freedom Caucus sort of Republican who's who's not really happy about it. But uh, the Mitch McConnell types, the leadership aligned Republicans typically have said there's a lot of support for Ukraine. It's not going
to be no strings attached. You could get into some debates, especially if the war ends and this turns into a question more of economic aid and rebuilding a there's a bit more scrutiny on the Republican side there. But as for defense aid, especially as Ukraine continues to have success on the battlefield, a really large portion of Republicans, in addition to virtually unanimous support among Democrats, are are supportive
of these kinds of bills for Ukraine. Now, there is a lot of Ukraine aid in this omnibus spending bill that has to get past this week so lawmakers can go home. But I guess the bill is is getting delayed somewhat by a dispute over the Title forty two Border policy. Yeah, Title forty two. The pandemic immigration restrictions have really proven to be a tough issue that can
hold up bills. UH, and that's the primary issue they're trying to work through for this whole omnibus government funding bill, which includes about a forty five billion dollar measure for Ukraine as well. UH. The Senate Republicans wanted to have an amendment vote to keep Title forty two in place. Uh, and they wanted that vote to be set at a simple majority threshold rather than the sixty vote threshold in the Senate that a lot of these amendments would normally get.
Now that is tricky because that potentially could pass, but then the measure would probably fail in the House because they're depending very significantly on Democratic votes because House Republicans haven't signed off on this broader agreement. So they're at a bit of a it's a little bit of a catch twenty two situation where to get this through the Senate, you've got to ogociate some sort of deal on immigration, but then depend on probably almost purely democratic support in
the House. And they're still trying to come up with a with an agreement on how quickly they can have a vote in the Senate to send this over to the House. And uh, you know, the funding the funding deadline is Friday night, so they're really bumping up against the deadline. And we're bumping up to a deadline. It seems to be extended for the full report to come out from the House January six committee. In our last minute, here, Jack, what are we expecting to hear? Uh? You know they
they have bumped back their full report. I think a lot of what's going to be in the full report is has has come out to some extent in the hearings that they've done. They did release a few dozen transcripts in which a lot of key players pleaded the fifth and and refused to answer questions, even confirming their
age in place of residence. Um So, if you have paid very lows attention to the case that the committee has made essentially detailing former President's Trump President Trump's centrality and what happened in January six, you have a pretty good idea of what's probably going to be in that report. Okay, Jack, thanks as always, and happy holidays. If we don't speak to you before, then that's Bloomberg Government Congressional reporter Jack
Fitzpatrick with us from the nation's capital. And you can read much more about all these stories on Bloomberg dot com or on the Bloomberg terminal, and follow the latest on Bloomberg Radio in Washington. Bloomberg and one oh five point seven FM HD two Futures moving lower this morning, SMP futures down seven points, Stown futures down seventy five. NASTAC futures are lower by twenty three points, and the tenure treasury is up five thirty seconds, the yield three
point six four per cent. You're listening to Bloomberg day Break live from the Bloomberg Interactive Burger Studios. Is is is Bloomberg day Break for Thursday December twenty second two. Coming up to Shower, Ukraine's p incident leads for more support in person to Congress. F t X executives plead guilty as their former CEO returns to the US. The largest US chipmaker warns more layoffs are on the way and investors hold out hope for a brief Santa Claus Rally,
New York. Mayor Adams gives himself a B plus as he defends his record on crime plus demand. Charred with shooting up a Brooklyn subway car will now lead guilty on Michael barn Or The Head, I'm John stash Our. In sports, the Knicks Winspey came to an a easy win for the Nets. The Devil's One in the Jets
host Jacksonville Tonight. That's all Training Ahead on Bloomberg Daybreak on Bloomberg eleven Trio, New York Bloomberg one, Washington, d C, Bloomberg one oh six one Boston, Bloomberg nine sixties and Francisco Sirius x M one nine team and around the world on Bloomberg Radio dot com and via the Bloomberg Business App. Hey, good morning. I'm Nathan Hager and I'm or in Moscow. You mus Stock index futures are a little change this morning. We checked the markets all day
long here on bloomberg S and p NASDAK. Features that will change down features down at tenth of a percent now or forty two points. Nathan, Okay, Karen, thank you. We'll get more on the markets in a moment, but we want to begin with a historic night in Washington. Ukraine's President vladimir's Lenski made an emotional address in person to a joint meeting of Congress. Bloomberg's head Baxter reports standing ovation after standing ovation from both sides of the aisle.
The message Ukraine is alive and kicking and thanking US families for their support and now what people will have to go to boom shelters on Christmas Eve, Ukrainias will still sit down at the holiday table and cheer up each other. Zelenski says a free world will show all potential aggressors that the world will stand up to tyranny. He says next year will be a turning point of the war. He presented Congress with a flag from the war's front in San Francisco. I'm at Baxter Bloomberg Gay
break all right, and thanks. And this was President Zelenski's first trip outside his country since the Russian invasion. In February. Before the speech, Zelinski paid a visit to the White House or President Biden stood by his side at a joint news conference and pledged his continued support. I want you to know that all the people who Ukraine to know as well the American people were with you every step of the way, and we will stay with you. We will stay with you for as long as it
takes when. The Biden administration also announced nearly one point nine billion dollars in additional military aid to Ukraine, including a Patriot missile battery. Russian President Vladimir Putin meanwhile said Russia has no limitations on its own military spending to continue the war. Well, Nathan, We're following another story out of DC this morning. A group of House Republicans has released a counter rapport to the House Select Committee's investigation
into the January six capital assault. Seventy eight page report partly Blame's Democratic leaders for security failures and says intelligence and law enforcement failures left the capital complex vulnerable. The January six Committee is a expected to release it's full report today. A let's turn from the Capital to cryptocurrency and get to the latest on the f t X collapse to top executives have pleaded guilty to criminal charges.
As the former CEO of f t X, Sam Bankman Freed, returns to the US, Bloomberg Steve Rappaport joins US Live with that story. Good morning, Steve, Good morning, Nathan and Karen. Spf found himself with fewer friends upon arriving in New York last night, as Caroline Ellison and Gary Wang pled guilty to fraud. The plea agreements say prosecutors will recommend reduced sentences if they provide substantial assistance to the investigation.
The move puts pressure on Bankman Freed ahead of his appearance in federal court today on charges of fraud, money laundering, and other counts. His lawyers may seek bail. Live in New York. I'm Steve Rappaport, Bloomberg Day Break. All right, Steve, thank you about the pivot away from COVID zero continues in China. This morning, we're learning China plans to cut
quarantine requirements for overseas travelers in January. Sources tell US officials are considering a zero plus three policy that would mean tourists would no longer be required to spend time in a quarantine hotel or isolation facility, and arrivals into the country would instead be Sunday to three days of monitoring. Let's take a look at markets again, Karen. Futures are
little changed to lower this morning. When global stocks advanced for a third day yesterday as we edged closer to that Christmas holiday, US shairs climbed on improved consumer confidence and better than expected earnings from FedEx and Nike. Earlier this week, markets snapped a four day slide that was
sparked by hawkish Central bankuetering well in Asia. Nathan Stockship staffed a losing streak of their own, coming off the Bank of Japan surprise policy move earlier this week, and Bloomberry, Spry and Curtis joins US from Hong Kong with more stocks rallied in Asia, snapping five days of declines. The biggest moves were in Hong Kong, where the benchmark index rose about two and a half percent. Property companies led the way after regulators said they'd support the sector's growth.
Shares also jumped in Japan, South Korea and Australia. Treasuries rose slightly in Asia as the fallout from the Bank of japan surprise policy shift began to EBB the En resumed its ad dance brand Curtis Bloomberg Daybreak, Okay, Brian, thank you a meanytime over in Europe, UK household saw their living standards fall amid a contraction in the third quarter. Bloomberg's You and Potts joins us from London with the latest good Morning You and Good Morning Nathan and Karen.
Household incomes in the UK have fallen for a fourth straight quarter, leaving Britain's on course for the worst period for living standards in memory. Real incomes per head were three point one percent lower in the third quarter from a year earlier. Final GDP data meanwhile registered a no point three percent drop in the lakes quarter more than previously estimated. The reading is consistent with the economists expectations
that the UK is already in recession. In London, I'm you and Pots day break, are you, and thanks for taking a look at corporate news now, America's largest memory chipmaker, Micron Technology, is out with a lackluster revenue outlook and a warning that will have to trim its workforce. Bloomberg Prisoner joins us with that story. The company has already pledged to reduce output in slow expansion projects as a
way of limiting the availability of memory chips. Even so, Micron's forecast indicates the glut may drag on given a slump in demand. Sales will be about eighty million dollars below forecast, and Micron is projecting a loss of about sixty two cents to share excluding certain items. That's more than twice what analysts were estimating. Given these challenges, Micron will reduce its workforce by about ten percent over the
next year. In New York, I'm Doug Prisoner, Bloomberg Daybreak, All right, don thank you and taking a look at Micron right now. It's down about three percent in early trading and futures this morning. They are little changed to lower. SMP futures now down about a tenth of a percent down about four points down. Futures down almost two tenths per cent an hour forty nine points, and NASDAG futures
down about a tenth of upper center ten points. Straight ahead your latest local headlines plus the check of sports, and this is Bloomberg. Thanks tearing at six oh seven on Wall Street. Clear sky thirty six degrees in Central Park. But it is going to turn rainy and windy this afternoon into tomorrow. Heist today in the upper forties. That wind Advisor kicks in at ten tonight, and Michael Barr is here with more on what's going on in New York and around the world as we brace for this storm.
Michael Oh, Yes, Nathan, Millions of Americans taking to the roads and skies before Christmas could face big trouble getting to their destinations on time because of the massive winter storm. Several major hubs, including New York City. We're all in the path of the storm and face significant disruptions. This man was sent it to Orlando from New York trying to get out ahead of the storm to see his family. We've been separated for a long time California before Night
again Christmas. It's not just air flights being canceled. Amtrak has scrap service for dozens of routes. Also, Greyhound has scraped some service. New York City Mayor Eric Adams defended his record on crime, giving himself a B plus in his first year in office. There was a rise in major felonies through November, but Adams says though the top line number does not tell the whole story, as he highlighted double digit drops in the high profile murders and shootings.
Public safety is the foundation of the city. I've used this term over and over again. It's the prerequisite to prosperity. Without it, we won't feel the safety we deserve. Mayor Adams went on to say that New Yorkers should feel
better about the direction we're aheaded. A New York City court has scheduled to change the plea hearing for next month for the manaccused of opening fire on a Manhattan bound subway train last April, and a letter to the court his attorney said the alleged New York City subway shooter, Frank James, wants to plead guilty to federal terrorism charges. James was charged with several accounts of committing a terror attack on a mass transit system. Ten people were hurt
in the shooting fly. The CDC data confirms American life expectancy fell for a second straight year in twenty one, the worst since nine. It's driven by accelerating COVID and drug overdosed depths. From men, it has dropped from seventy four point two years to seventy three eight point five years. For women, it's almost from eighty to seventy nine point three. Global News twenty four hours a day on here and on Bloomberg Quick Take, powered by more than twenty seven
hundred journalists analysts more than a hundred twenty countries. Michael bar This is Bloomberg. Thanks Michael. Almost six ten on Wall Street. Time for the Bloomberg Sports Update, brought to you by Try Stay Outing with John Stash all Right, Nathan one winning, Street ended another continued at the Guard and Knicks couldn't stop Toronto's Pascal Siakam. He scored fifty
two points. The Raptors ended their six game loses, who stayed one thirteen to one of the six Julius Randon R. J. Barrett both had thirty for the Knicks, who had won their previous eight in Brooklyn. The next winning break up to seven, one, three to one thirteen over Golden State. The Nets led ninety one to fifty one at halftime. Ninety one first half points is the third most in NBA history. The Devil three goals in third period went fourth to it Florida and then their sixth game slide. St.
John's lost at Villanova seventy eight to sixty three. When you saw that Derek Jeter was in attendance that the Aaron Judge new contract press conference, you knew there was gonna be an announcement that Judge would be named the first Yankee captain since. Will continue to try to be, you know, the same leader that I've been in the
past six years. Continue to lead by example, and I know there's probably gonna be a couple of more responsibilities with this, but you know, I'm here to embrace every single obstacle and you know, continue to lead this team and lead the city to to not want them, you know, multiple championships down the road. Sixteenth captain in Yankee history. The jetson any hopes of making the playoffs. They have to win tonight in the Rain, I met Live. Jacksonville
comes in much improved. Jab War is only a game out of first an FC Salve Jets are game out for making it as a well card. The depth of follow famer Franco Harris yesterday at the age of seventy two, came just one day before the city of Pittsburgh was set to celebrate the fiftieth anniversary of Harrison's famous immaculate Reception catch, three days before the Steelers were finally going to retire his number thirty two. The legendary pill A now eighty two back in the hospital in Brazil. His
cancer has said to have worsen. John stash Are, Bloomberg Sports Nathan all Right, John, thank you, and the Bloomberg Sports Report was brought to you by Audie. Don't let someone else drive off in the Audi model you've always wanted. Visit your local christ State autie dealer to get behind the wheel of yours today, or visit autie Offers dot com for more information. We have more reaction to President
Zelenski's speech to Congress. Straight Ahead. First, futures are lower, SMP features are down six points now down features down sixty six and Nanstack futures on the decline by seventeen points. Tend your Treasury Yield three point six live from coast to coast, from New York to San Francisco, Boston to Washington, d C. Nationwide on sirius x, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning.
I'm Nathan Hagar on the morning after an emotional address from Ukrainian President Voladimir Zlenski in the US capital that, for at least one night, seemed to unite Congress in its support for Ukraine in the face of Russian aggression. Former Defense Secretary and ahead of the CIA, Leon Panetta says that unity will be critical for Ukraine to connot victorious. Leon Panetta spoke with David Weston on a special edition of Bloomberg's Balance of Power following Zelenski's address last night.
You've seen a lot of history in Washington. You've made your fair share. Give us your reactions to what we saw tonight. Well, there's no question this was a very moving and memorable speech. Uh, and I think in many ways historic. Uh. It'll go down in history, UH very close to Churchill UH coming to the United States to ask for support in the battle against Nazism. UH. Tonight we have Zelinsky going before the Congress UH and asking for support in the war against Putin. UH. I think
this is UH. This is going to send a very strong message. The unity that was shown tonight will send a strong message to Putin, whose basic interest is to break the will of the United States and break the will of UH of Ukraine. One of the things we heard from President Zelinski and Mr. Secretary was he thinks that next year could well be a turning point. That is really critical. We really bear down right now from what you understand what's going on both of your experience
as Secretary of Defense, but also has is that plausible? Well, there's no question that we're seeing a pivotal moment in this war. UH. It's clear that the tide of war has changed. It's clear that Ukraine has UH has the up her hand here in terms of its ability to be able to to move and gain territory and basically
take on the Russians. But the Russians and Putin have made clear that they're not going anywhere, and that Putin is going to basically triple down UH and continue to do whatever he can to try to show that that
he's not going to be defeated. UH. And so the real challenge is going to be this next year as to whether or not the unity of Ukraine, the United States, and our allies can hold together that we can continue to provide the arms necessary to the Ukrainians in order to be able to fight and to defeat this effort by Russia. MSSRY. One of the important developments today, I believe, was the decision by the United States government to supply Patriot missiles H to Ukraine. Give us your sense of
what difference that can make in the battlefield. Why is that so important? Oh, it's tremendously important because what we see now is puting using missiles, using drones in order to attack infrastructure and attack innocent men, women and children. UH. And the only way to try to protect against that is with strong air defense. I've said for a long time that what is needed in Ukraine is a comprehensive air defense system. I'm glad that the Patriot battery is
being provided. It's going to take some time, it's going to take some training to put it into effect, UH, and I believe it's probably the beginning of trying to put together a more comprehensive air defense system. I think when you put together a series of events, UH, that it's sending a very strong message to Putin. The fact that Zelinski came to Washington, met with the President, spoke to the Congress, is going to get almost two billion dollars in aid plus the Patriot battery. It makes very
clear that the United States is not going anywhere. Despite Putent's threats, despite his push to indicate that somehow he'll he'll strike back in some way, that has had no effect in terms of the decision to help them. I think also that President She's advice to Putin to stay away from using a nuclear weapon carries a lot more weight with Putin, and he knows that he could lose his only ally if, in fact, he In gauges some
kind of battlefield nuclear weapon. So I think right now the likelihood is that Putin is going to continue to raise hell with cruise missiles with groans, but I think he's going to stay away from nuclear And that was former Defense Secretary and CIA director Leon Panetta speaking with our David Weston on a special edition of Bloomberg's Balance of Power following Zelinski's address to the Joint Session of Congress.
You can hear Balance of Power every weekday at noon Wall Street time, on Bloomberg Radio and on Bloomberg Television. Sp futures right now are down seven point staff features down seventy six. Nasdaq futures are lower by twenty points. The tenure treasury is up five thirty seconds. The yield three point six four per cent. You're listening to Bloomberg Daybreak, markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Victape.
This is a bloom Burn Business Flash, and I'm Karen Moscow and US Dock Index futures are lower. This after the sn P five hundred rows to its best daily gain in three weeks. We check the markets all day
long here on Bloomberg s and P futures. They're extending their declines now they're down about ten points or a quarter percent, down futures down three tens of a percent or ninety five points, and NASDAG futures down a quarter percent, where about twenty eight points the decks in Germany's down a quarter percent ten, Your treasury up five thirty seconds, yield three point six four percent. The yield on the
two year four point one nine percent. Nine X screwd oil is up one point seven percent of a dollar thirty four at seventy nine dollars sixty two cents a barrel. Comic school down a tenth of upper cent or two dollars forty cents. At eighteen twenty three, announced the euro one point six to two against the dollar, British found one point two zero six eight and the end one thirty two point one five. And look at a bitcoin, it's up to ten percent at sixteen thousand, eight hundred dollars.
That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael Karen, thank you very much. Ukrainian President Volotimir Zelenski has paid a wartime visit to Washington to thank Americans for helping to fund the war against Russia. In a speech to Congress, he said the money is not charity, but an investment in global security and democracy. Americans traveling before Christmas could face big trouble getting to their destinations on time. Because
of a massive winter storm. China plans to cut quarantine requirements for overseas travelers in January. According to people familiar with the matter, there will be no more hotel quarantines in the NBA. The next loss, and that's down the Warriors one one thirteen in the NHL. The Devil's Won. 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, and this is Bloomberg. Nathan. All right, Michael. Thanks at six three on Wall Street. I'm Nathan Hagar. This is is Bloomberg day Break. Let's get into this market now. Ross Mayfield joins this investment strategist at bar Ross. Good morning. Things were going so well after yesterday's earnings from FedEx and Nike and the consumer confidence beat. Now
we're seeing futures take a leg lower. This a little bit of profit taking or is this kind of the end of the Santa rally that so many of us are hoping for. Yeah, I think at this point the burden of proof remains on the bulls. So when you get a day like today, it's probably gonna be a little bit lower volume, lacking catalysts. Um. I think the trend is downward. Um. We had a nice rally kind
of into December. Everybody you know, saw that Santa Claus rally that they wanted so badly, and then uh, you know, central bankers around the world kind of played the granch a little bit. Um, And I think that weighs on the market heading into three um as really not much has changed for the macro outlook. UM. So yeah, I think I think it's should there's getting the burden of proof is gonna be on the bulls until we get
some some news otherwise. So what kind of news should we be looking for as head into twenty ewenty free What could shake central banks? Well, I mean they've they've told us basically what it will take for them to ease up enough to to possibly get the soft landing that risk risk assets want to see. And it starts and ends with the labor market, at least for the FED. And it's a tricky, tricky lie because you need the labor market to soften enough to get the FED to
ease off of their you know, hyper hawkish policy. Um, but you can't have it cracked too much so that you lose the consumer. I mean, the consumer resilience has really been one of the bright spots of the domestic economy over the past eighteen months, in the face of inflation, in the face of higher interest rates, in the basic geopolitical shocks, um. And a lot of that stems from
strength and confidence in the labor market. But the FED is telling us out right, then until we see weakness there, until we get labor demands down to meet the kind of structural supply shortage. Um, they're gonna keep They're gonna keep being hawkish, and they don't see their job is done. Yeah, we have gotten consistent messaging from the Fed. But of course we did get that surprise from the Bank of
Japan on yield curve control this week. Should we be looking for more surprises from central banks at this point? I think Japan was was one, if not the last holdout. Um, you know, this was a move that was expected, I think, but I think the timing, the kind of urgency of its surprise markets a little bit um so so to me, I mean, you have the e c B hiking. You
have the b O E hiking. You know, really really central banks around the world, you know, outside of a handful that are dealing with idio syne credit issues, are are lockstep in unison in their movement with higher rates, UM, less stimulus, tighter policy, and the Bank of Japan was trying to be a holdout and you could see it in the end. You could see it in their equity
markets UM. And so finally, you know, I think the I think the market one and so we'll see if it leads to outright rate heights or not UM when the governorship changes in three But but for now, I think they're just joining on the train that had already left the station. Lightning answer for me, Ross, where do you look for opportunity in twenty three? High quality? Defensive? You know, we're gonna be tactically defensive for the first half of the year, but longer term, we're starting to
like the setup. So for now, I think you continue to play a little bit of defense and start to look for long term opportunities in the first half of the year. Awesome, Thanks for this, Ross, Great have you on with us this morning. Ross Mayfield Investment Strategists at baired As we look at futures move even lower down,
deepening some of these declines. Modest losses though really with SMP futures down nine points, Staff futures down ninety, NASTACK futures down twenty nine points, and you compare it to the one plus percent gains that we saw yesterday across the board for US stocks. Now, let's getta look at your weather forecast. There's wind advisory effect from ten pm tonight through ten pm tomorrow night CLOUDI and brice rain develops this afternoon high forty five to fifty rain, heavy
at times, night becoming very windy. Those overnight fifty temperatures rise as the night goes on rein and tomorrow with fifty to fifty five temperatures fall through the afternoon, partly sunny,
breeze Saturday only twenty five sunny Sunday. I'm Rob Carolyn with your weekend forecast on Bloomberg eleven three oh broadcasting live from the Bloomberg Interactive Broker Studio in New York, Bloomberg E living free on to Washington, d C. Bloomberg nine one to Boston, Bloomberg one O six one to San Francisco, Bloomberg nine sixty to the country Sirius XM H one nine and around the globe the Bloomberg business in Bloomberg Radio dot Com. This is Bloomberg Daybreak and
we're coming up to six thirty on Wall Street. Good morning, I'm Nathan Hager and I'm Karen Moscow. We are just about three hours away from the open of US training. Time for the five things that you need to notice start your day. And at first, it was a historic night in Washington. Ukraine's President Vladimir's lens He made an emotional address in person to a joint meeting of Congress. Europe is now stronger and more independent than never. The
Russian tyranny has lost control over US. This was President Zelenski's first trip outside his country since Russia's invasion in February, and ahead of the address, care and the Biden administration announced nearly one point nine billion dollars in additional military aid to Ukraine, including a Patriot missile battery. Russian President Vladimir Putin meanwhile says Russia has no limitations on its
own military spending to continue the war. Well, we're following another story at a d C. This morning, Nathan, A group of House Republicans has released a counter report to the House Select Committee's investigation into the January six capital assault. The January six Committee is expected to release it's full report today. I returned to Cryptocurrency Now carrying gets to the latest on the ft X collapsed to top executives of the Crypto Exchange have pleaded guilty to criminal charges.
Bloomberg Steve Rappaport joins US Live Steve, Good Morning, Nathan and Karen. Ahead of Sam Bankman Freed's appearance in court today. Caroline Ellison and Gary Wang pled guilty to fraud as prosecutors ramp up pressure in their case against him. The Plea deal calls for the government to recommend reduced sentences if they provide substantial assistance in the investigation. Bankman Free touchdown in New York last night after waving his right
to extradition from the Bahamas. Live in New York. I'm Steve Rapaport, Bloomberg Daybreak, Gray, Steve, thank you for taking a look at markets now. Futures are lower. Global stocks advance for a third day yesterday as we adge closer to the Christmas holiday. But Brian Jacobson, Senior Investment Strategies with all Spring Global Investments, says markets are pricing in a recession, though there still are buying opportunities. Look at some of the cyclical names, maybe look at some small
caps and midcaps and emerging markets. Uh and uh. Let's not forget that this is actually a pretty decent environment where bombs can once again diversify a portfolio all screens. Brian Jacobson says markets are also pricing in lower earnings. In speaking of earnings, Karen, America's largest memory chip baker Micron Technologies is out with a lackluster revenue outlook and a warning that we will have to trim its workforce.
And taking a look at Micron shares right now, they are down three percent in the early trade, and again futures are lower this morning. S and P Future is down about nine points or two tens of uppercent, NASDAC and Dow future is also down to tens of uppercent, but Dow futures down seventy five points and NASDAG futures down twenty six. The decks in Germany's down two tens
of uppercent as well. The tenure treasury of four thirty seconds yeld three point six four percent yield on a two year four point to zero percent, nine x screwed l up one percent of a dollar forty it's it's seventy nine sixty nine cents of barrel. That's the five things that you need to notice. Start your day and straight ahead your latest local headlines. And this is Bloomberg. Thank you, Caring at six thirty one on Wall Street, and Michael Barr has more on what's going on in
New York and around the world. We'll just trying to stay warm, Michael. Getting ready for this frigid Christmas weekend. Oh my, Nathan. Yes, millions of Americans are taking to the roads and skies before Christmas, and they could face big trouble getting to their destinations on time because of a massive winter storm. Several major hubs, including New York City, are all in the path of the storm and face
significant disruptions. This traveler in New York was headed towards the storm now actually was on the airplane waiting to taxi out and we got canceled going to Bismarck, North Dakota. Airlines have been castling hundreds of flights. New York City Mayor Eric Adams defended his record on crime. He wrapped up his first year in office amid rise and major
felonies through November. Mayor Adam says though the top line number does not tell the whole story, as he highlighted double digit drops in the high profile murders and shootings. And I'm talking to New york Is every day when I'm on the subway system, walking the street, interacting with them, coaches, in houses, roach shops and synagogues. That's the number one thing on their minds. They want to be safe, and they deserve to be safe. Near Adams gave himself a
B plus in fighting crime. A man accused of wounding ten people in a mass shooting on a crowded subway train in Brooklyn told his lawyers he'd like to plead guilty next month to all of the charges against him, including terrorism offenses. In April, the accused shooter, Frank James, set off a pair of smoke grenades and then scattered
a barrage of random shots inside the train. One Senator good derail the one point seven trillion dollars spending bill Utah Republican Senator Mike Lee once an amendment that would reinstate Title forty two, the pandemic rule that kept asylum seeking migrants in Mexico due to COVID. The government shut down deadline is Friday. Globally is twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists analysts more than a
hundred twenty countries. Michael bar This is Bloomberg, ain't it? Thanks Michael. Almost six thirty four in Wall Streets have for the Bloomberg Sports update, brought to you by tri State Out of here, John, Thanks Nathan Nicks. At one, eight and row and five of the eight they had not allowed a hundred points, but at Tiguard in Toronto's Pascal Siakam went for over half a hundred by himself fifty two points. The Raptors into the Knicks win Street
one thirteen to one oh six. In the lost thirty points for both Julius Randall r. J. Barrett, but an off night for Jalen Brunson. He shot three or fourteen nets have won their last seven eleven of twelve at Barkley is a one forty three to one thirteen round of Golden State. The Nets led fifty one at halftime, nine Nets and double figures. The Warriors two games and two nights in New York and losses by thirty eight and thirty points. Much needed win for the Devils. They
lost their last six. They rallied to win at Florida to two. St. John's lost at Villanova seventy eight sixty three. Jets and Jaguars figure to be playing in the rain tonight at MetLife. Jets out to end of three game losing streak, keep their playoff hopes alive. Aaron Judge was at Yankee stated to talk about his new nine year country acting about being named Yankee Captain, I'm getting a chance to continue you know something the Yankees, you know,
are so big on, which is legacy. You know, continue to get a chance to continue my legacy here in pin stripes, you know, in the best city in the world, the best baseball city, on the front of the best fans. This is um an incredible honor. First captain since Derek Jr. Who was in attendance. The numbers are in after the stunning Carlos Careas signing, the Mets will have a payroll
of three four million dollars. They'll pay attacks of another hundred eleven millions, so they will shell out almost half a billion. In John Stasheller Bloomberg Sports, Nathan brought to you buyouty. You don't let someone else drive off in the Audi model. You've always wanted to visit your local Try state autie dealer to get behind the wheel of yours today, or visit autie Offers dot com for more information.
Five on Wall Street, Bloomberg Radio is on the air from San Francisco to New York, London to Hong Kong. Let's check in with our global news team for some of the top or he's heard on our three hundred affiliate radio stations around the world. I'm planning Donaho on kf AB and Omaha. Some ethanol producers are cutting production on there the cold temperatures. I'm Steve Podas Scott k n X in Los Angeles. We're talking about a report that Elon Musk may be planning job cuts at Tesla.
I'm Klin Headcimed Blue Bag d a B Radio in London. We've been reporting on another dire hit to uknitting standards. As household incomes drop again and you take growth is revised lower in the third quarter. I'm Jeff Bullinger and on WTB N and Columbus. I'll be talking about a new report that chose home affordability falling a sky high mortgage interest rates offset lower listing crisis. I'm Ad Corey on w w J and Detroit. I'm reporting a large
expansion of the Huntingdon Place Convention Centery clan. And those are some of the stories our twenty undred Bloomberg journalists and analysts are working on this morning. Around the world. It's six thirty six on Wall Street. The following is an editorial from Bloomberg Opinion. This editorial was written by the Bloomberg Editorial Board. Deciding what can be built where is a perfectly legitimate power of local governments across America.
It's also a tool of exclusion that undermines the economy, deepens inequality, and even exacerbates climate change, particularly in neighborhoods with the best schools and access to jobs. Politically active residents who tend to be older, affluent, and white, have long adopted rules to keep others out. It's a prime
example of local government gone wrong. Fortunately, the pro market and pro equality aspects of zoning reform give it bipartisan appeal, visible in the support for legislation at the state and national levels. To be sure, zoning reform alone won't solve the country's housing crisis, but it's a task that federal and state governments must urgently undertake. This editorial was written
by the Bloomberg Editorial Board. For more Bloomberg opinion, please go to Bloomberg dot com, slash Opinion or O P I en go on the Bloomberg terminal. These has been Bloomberg Opinion. Listen for Bloomberg opinion editorials every weekday at this time. Terminal customers can read more at O P I n go. Another story we're watching, JP Morgan Chase is upping its climate ambitions, announcing a slew of new emissions reductions targets for its financing to carbon intensive businesses,
including airlines and cement manufacturers. The largest US bank is that whether its climate report for this year, it says it plans to reduce the carbon intensity of its aviation financing portfolio by thirty six percent by futures on the decline. This morning, SMP futures are down seven points Down futures down seventy and Nasdak futures are lower by twenty two points. The tenure treasuries up four thirty seconds. The yield on
the benchmark tenure note three point six four percent. You're listening to Bloomberg day Break