Bloomberg Daybreak: February 23, 2022 - Hour 2 (Radio)

its highest annual profit on record. New York State is an investing sixty million dollars to beep up cyber security, plus National Guard troops head to Washington, d C. For possible trucktor protests. I like more than I'm John stash Our and sports. The Yankees announced they will honor one of their former great players, the Islanders, with a win

in Seattle. That's all straight ahead on Bloomberg day Break on Bloomberg ELEMENTARYO, New York, Bloomberg, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixty, San Francisco, Sirius x M one nineteen and around the world Old on Bloomberg Radio dot Com and via The Bloomberg Business. Good morning, I'm Nathan Hager. And I'm Karen. Moscow and US futures are bouncing back this morning. We're coming up to six oh one on Wall Street, and we check

the markets every fifteen minutes throughout the trading day. On Bloomberg. Right now, S ANDP futures are up thirty points at DOWN futures up two hundred four NAS day futures have one hundred thirty five, or about one percent. The dads in Germany's of nine tenths of upper cent. The ten year treasury down seven thirty seconds. They yield one point nine six percent. They yield on the two year one

point five nine percent nine Next. Screwed oil is down seven tenths percent or sixty six cents, and ninety one dollar twenty five cents of barrel comic school down six tents percent or ten dollars eighty cents at eighteen ninety six sixty announced in the euro one point one three eight against the dollar. Nathan Well, Karen, we begin this morning with the latest developments out of Ukraine. The country plans to declare a nationwide state of emergency as tensions

with Russia mount. President Biden has unveiled sanctions against Moscow as Secretary of State Anthony B. Lincoln calls off a meeting with Russia's foreign minister. Amy Morris has more from our bloombergs room in Washington. The latest sanctions target Russia's sale of sovereign debt abroad and the country's elites in response to what Biden calls the start of Putin's invasion

of Ukraine. We have no intention of fighting Russia. We want to send an unmistakable message though at the United States, together with our allies, will defend every inch of NATO territory. This as Secretary B. Lincoln says, his meeting with Serage Lavrov is canceled because, in his words, doesn't make sense to go forward at this time. Ukraine's foreign minister says their plan is to use every diplomatic tool possible to deter Russia and prevent further escalation. Their plan, b he says,

is to fight in Washington. I'm Aymy Morris Bloomberg Daybreak, Amy, thank you reaction pouring in over the conflict with Russia. We spoke with former US Ambassador to Poland, Stephen mull. He says his first round of sanctions might not be enough to deter a further invasion. I think we're going to be looking at over the next days and weeks an incremental move by by Russia to see how far if you can get and meeting the objective that Brutin

is laid out. I don't know that there's any section that the US could impose that would would stop them from going all the way through with what Brutin is clearly set. Former US Ambassador Stephen Malls spoke with our Washington correspondent Joe Matthew on Bloomberg Sound on Catch the program weekdays at five pm Eastern on Bloomberg Radio. Well, Karen, all these developments have the S and P five hundreds starting the day in Correction Territory. The index is down

more than ten percent from its January record. Walter Todd

is chief investment officer at Greenwood Capital. I think it's important in times like these for us to just to kind of you try to step back and look at you know, try to maybe dig in on some individual names and you know, earning stories that we're still getting despite all these headlines kind of whipping things around, and I think, you know, it can present opportunity is for companies maybe that have just reported that maybe don't have it that much exposure to this situation directly that you

are getting caught up in this this macro train. Walter Todd at Greenwood Capital says the market is still watching the Fed. He expects the Central Bank to gradually raise rates and then pick up the pace of tightening in the second half of the year. Well, Nathan, there's still a smattering of earnings to talk about this morning. After results from Home Depot yesterday, we get numbers from Home and probit, a retailer Lows. We get a preview from

Bloomberg's Tom Busby. Lots of caution ahead of lows fourth quarter earnings on worries that revenues at the nation's number two do it yourself chain may be infacted by the same higher costs and supply chain problems that weighed on Home Depot's results. One key for investors is whether Lowe's changes the initial upbeat out look it gave them back

in December. Bloomberg consensus calls for adjusted earnings per share of a dollar seventy, revenues of twenty point eight nine billion dollars, and same source sales up about two point two. Tom Busby Bloomberg daybreak. All right, Tom, thank you and those those earnings just crossing the Bloomberg fourth quarter profit and sales easily bidding analysts estimates. It also boosted its forecast well In Europe this morning, carrying shares of Barkley's

are up two and a half percent. The British bank posted its highest annual profit on record. Barkley's dealmakers had a busy end of the year, helping to offset a slump and trading activity while turning to the pandemic. Now, Gathan, we're seeing a shift in retails approach to COVID, Apple dropping its master requirement at most stores across the US.

We get the story from Bloomberg's Turley Pellett. The company announced the changes to employees at eligible stores and has updated its website to reflect which locations aren't no longer requiring masks. Apple, however, will continue to recommend that customers wear masks and will provide them upon request, employees, say Apple retail workers will still be required to wear masks. Apple locations in New York have made masks optional for

customers who are fully vaccinated. The Iphonemaker also is ramping up for the return of in store classes in New York. Arlie pellin Bloomberg Daybreak, All right, Charlie, thanks. Different story in Asia when it comes to the pandemic. Infections are still rising in Hong Kong and that has the city expanding fiscal stimulus measures. We get more from Bloomberg Daybreak Asia anchor Brian Curtis. In the annual Hong Kong budget, Financial Secretary Paul Chan said Hong Kong would offer thirteen

hundred dollar payments to residents. The economy expanded six point four percent in twenty one, but he forecast that two g d P would fall to a range of two to three and a half percent. In the meantime, the government has rolled out more details on mass testing residents some three times over the next month, and the leading lawmaker, Michael Teen says that Hong Kong should impose a strict citywide lockdown for nine days to reign in the outbreak.

Teen says a lockdown would be preferable to stringing along drastic social distancing restrictions, restrictions that he says are strangling business. Brian Curtis Bloomberg Debreak. A right, Brian, thank you and one other note out of Asia this morning, HSBC City Group and Banga China. I'll say they will close only their retail branches in Hong Kong temporarily on Saturday's beginning in March. The move comes as Hong Kong's scrambles to

contain its worst COVID outbreak yet. Futures this morning are higher. SNP futures up thirty two points and as straight ahead, we check your local headlines as well as sports, and this is Bloomberg. Thanks Karen. Six oh seven on Wall Street, fifty nine degrees in Central Park. We have a crash in New York. It's on eastbound Exit fifty seven. Details coming up in traffic First. Michael bar with more on what's going on in New York and around the world. Michael,

thank you very much, Nathan. Intensions between Russia and the West have led New York State to tackle cyber security. Governor Kathy Hokel says the Joint Security Operations Center will open in Brooklyn to help combat cyber attacks in the state. Vocal said the state would set aside almost sixty two million dollars in the three state budget for stronger cyber

security measures. We truly live in a digital world. You think about all your transactions, how you access money, how you pay your bills, how you make purchases and medical records. Even our power grids, NIPEU, our transportation systems, the m t A UH, they're all vulnerable to cyber attack if

we don't take precautionary measures. Governor Huckle was joined by several mayors who announced the Joint Security Operations Center, which will be the first of its kind in the nation, including New York Mayor Eric Adams No forgusing down in Gracie Mansion speaking with the former mayor talking about the pandemic and other issues that we're facing the city, and he was clear, this is Eric, your real crises is

going to be cybersecurity. Mayor Adams went on to say the difference between a minor cyber attack disruption and a catastrophe can be a matter of minutes. New York City began it's pushed to remove subway riders using the transit system for shelter. It's part of a strategy to reduce crime and restore confidence in subways in mp D, Transit Chief Jason Wilcox said during mt A committee hearings yesterday.

The Departments of Homeless Services and of Health and Mental Hygiene have gone out to talk with writers who lack housing and help them find shelter. Former President Trump has run out of appeals to keep the January six Committee from seeing his White House records. The Supreme Court denied Trump's attempt to shield several hundred pages of records last month. The justices voted eight one to deny Trump's temporary emergency

request to delay turning over those papers. New York is faving the way for hemp farmers to get a head start on growing marijuana for legal sales that are expected to begin next year. Governor Kathy Hocal signed legislation that lets hemp farmers apply for two year licenses to grow pot. Licensees can start planning this spring. Global News twenty four hours a day on air and on Bloomberg Quicktake Power by more than undred journalists and analysts more than a hundred,

twenty countries. Um che labar, this is Bloomberg, Nathan, Thank you, Michael Fall six ten on Wall Street Time for the Bloomberg Sports Dingy with John Stashower Bath in the Nree The Yankees traded Roberto Kelly, the Cincinnati for Paul O'Neill swap about fielders to not to be a great Yankee trade. O'Neil a mainstand four World Championship teams since retirement many years in the Yankee broadcast booth, the team announced on August twenty one, number twenty one, we'll have his number retired.

O'Neil called with his greatest honor. Meanwhile, if and when the lockout ends, Yankees might be in pursuit of a big free agent. ESPN reports there's growing belief that Freddie Freeman is not going to resigned with Atlanta and the Yanks are in pursuit Bryan Flora Zoo and his racial discrimination lawsuit. A led that while coaching the Dolphins, owner Stephen Ross offered him bonus money for each game the team lost. Now has made another allegation on HBO's Real Sports.

Flora said that after he got fired in Miami, they offered him millions to sign a non disparagement agreement and he refused. For recently got a job as an assistant in Pittsburgh. It's twenty four million dollars settlement in the gender discrimination lawsuit brought by the US women's national soccer

team for plaintiffs, including Carley Leowyd. And you know, just like all the players prior to me, the pioneers who helped make things better for when I came into the game, we're doing the same and just really proud of the group. I mean, we've started this journey six seven years ago and it's been going forward. The women will now get the equal phase the men. The Islanders began the season with thirteen road games, back on the road for five.

First off Seattle, Zacaris scored twice, Iles won five to You're gone basketball having its best scenes in a while at two point big East room, John stash Award Bloombird spots All right, John, thanks right now. SMP futures are up thirty one points. Sound futures of two HUD fourteen. Nasdaq futures are higher by a hundred forty points after the SMP five hundred ended yesterday in a correction following President Biden sanctions announced spent. We'll get the latest on

Ukraine with Isaac Boltanski bt I G. Next. This is Bloomberg Bloomber eleven three oh weather sunny, breezy, mid sixties today up for thirties tomorrow with a wintry mess possible tomorrow night rain Friday with highs and the low forties. Right now fifty nine degrees in Central Park. Markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, The Bloomberg Business at Land at Bloomberg Quick Tape,

He's a Bloomberg Business Flash and I'm Karen Moscow. European equities are rising along with US stock index futures on this Wednesday morning as investors assess some limited initial Western sanctions against Russia. How made the Ukraine standoff? We check the markets every fifteen minutes throughout the trading day on Bloomberg. Right now, SNP futures are up twenty seven points. Now futures have one eighty six and Nasdaq futures one hundred

and twenties six. The ten your treasury down nine thirty seconds, the yield one nine seven percent. The yield on the two year one point six zero percent. NIMEX screwed oil is down about nine tenths of upper cent or eighty cents at ninety one dollar twelve cents of barrel COMEXS gold is down six tenths per cent or eleven dollars

ten cents at eighteen ninety six thirty announced. The euro is at one point one three four six against the dollar, British pound one point three six so four, the yen at one fifteen point oh nine, and bitcoin at this morning moving higher at thirty eight thousand, eight hundred forty dollars and also lows as we said, reporting earnings fourth quarter profit and comp sales beating analysts estimates as a Bloomberg business flash. Now here's Michael Barrow with Moore on

what's going on around the world. Buckle, Karen, thank you very much. Tensions over Russia and Ukraine continue. Ukraine will seek to impose a nationwide state of emergency. It comes after Russian lawmakers author eyes President Vladimir Putin to use military force outside his country. Jury deliberations are set to begin to day in the case against three former Minneapolis

police officers involved in George Floyd's death. They are charged with depriving Floyd of civil rights by failing to administer aid when officer Derek Schouwin pressed his knee into Floyd's neck for more than nine minutes. In the NHL, the Islanders won global news twenty four hours a day on air and on Bloomberg Quittake, powered by more than twenty seven under journalist and analysts more than a hundred twenty countries.

Michael bar This is Bloomberg. Nathan Okay, Michael. Thanks. At six nineteen on Wall Street Live from the Bloomberg Interacted Broker Studios. This is Bloomberg Daybreak and Isaac Boltanski is with a structor of policy research at bt i G as we continue to follow developments around Ukraine. Isaac, it's good to have you with us this morning. I want to get your reaction to the latest development we've seen that Ukraine is planning to impose a thirty day nationwide

state of emergency. What if any impact could that have on the tensions with Russia. I think that it tells us that we are still in the early innings of this story and that it's probably going to get worse

before there's any potential for it to get better. And I think that's a fair assumption given where tensions are generally, but as well as the fact that we're seeing pretty coordinated sanction actions from the US and its allies, which I think are going to be part of this story going forward and lead to potentially anything from cyber attacks to of course whatever Putin will do on the ground.

So you don't think that the sanctions as rolled out so far from the US and Europe will have the deterrent effect that the Allies and the US had been telegraphing that they helped sanctions would have. Yeah. Look, I don't think there's a detailed set of instructions for exactly how to implement sanctions of this nature in the face of what Russia is doing. But from my seat, the White House prioritized coordination for this first tranch to show

united front rather than bringing down the proverbial hammer. You know, the first trunch of of sanctions announced by the US is meaningful, but we should really think about its being preliminary rather than final. The US, and for that matter, It's Allies, still have a fair amount of dry powder left if this crisis escalates. And and that's one of the questions that we're hearing here in d C, which is what's next in terms of what can be done,

either administratively or legislatively. Now, based on what you are hearing, what's the expectation, what is Washington bracing for in terms of the next move from Russia. You know, I think everyone, at least in my conversations will make the point that no one knows what Vladimir Putin will do other than Vladimir Putin. There is a belief that there will be further escalation of tensions on the ground and more movement accordingly.

But from a DC perspective, I think that there is ongoing groundwork being done for another round of administrative actions, and we can talk about that to the degree that you like. But I can also tell you that lawmakers who are out of town this week are going to come back next week ready to move on some of the legislative options, especially with the state of the Union in the background and President Biden likely to focus on

this issue to at least some degree. Do you think there's a possibility that we could see more coordination, more unanimity among members of Congress when it comes to sanctions that could come from Capitol Hill. It seems like there has been a lot of difficulty, at least up to now, for lawmakers to agree on a sanctions package against Ladimir Putin. Yeah, one of the leading senators on this said that we

were on the one yard line. I believe before they left right near the goal line to getting a deal done. But there were some real divisions over whether actions should be taken preemptively or they should wait for Russia to move. There are also some questions about whether some of the

steps would actually end up hurting our allies. Um For example, if you get a change of swift financial clearing system, it could actually imperil tens of billions of dollars of payments from Russia to creditors like Austria, Austria, France and elsewhere.

You know. To me, I think that we should believe that the next few weeks in Capitol Hill will be focused on this issue, and that there is a clear path to passage for bipartisan legislation that will provide additional funding for pro Ukraine independence fighters and is going to I think, take specific target on Russian oligarchs and they're holdings.

In our last thirty seconds here, Isaac, why do you think President Biden has sort of held off on dropping the hammer he telegraphed before this beginning of an invasion, as he termed it that the US would bring down severe economic penalties if Russia were to make a move like this, and it seems as though, at least as you've been saying as well, that the president's kind of holding things uh a little bit close to his vest here. My sense is that there was a decision within the

White House to prioritize coordination. And just yesterday we saw the US ACT along with the European Union, the United Kingdom, Australia, Japan, and most notably of course, Germany who froze the Nord Stream to gas pipeline. And I think what the White House wanted to do, and this is a message that we've seen from them since you know, they were on the campaign trail, is they want multilateral pressure to force

changes from from other countries. And so I really believe that this president, in particular, given his background, wanted to to advance the most unified front and the only way to do that was to take these initial measured STAPs. Where we go from there, yes we will. Thanks Isaac,

good having your insights this morning. Isaac Boltanski, director of Policy research at b T i G. You're listening to Bloomberg day Break Bloomberg eleven three oh weather, sunshine, breezy, mid sixties today, upper thirties, tomorrow with a wintry mess possible tomorrow night that will turn over into rain on Friday, cold rage with hides in the low forties right now

fifty nine degrees. Broadcasting wide from the Bloomberg Interactive Broker Studio in New York, Bloomberg E Living free to Washington, d C, Bloomberg N one to Boston, Bloomberg one oh six one to San Francisco, Bloomberg nine six to the country Sirius xm Cho one nine and around the globe the Bloomberg Business app in Bloomberg Radio dot com. This is Bloomberg Daybreak six thirty on Wall Street. Good morning, I'm Nathan Hager and I'm Karen Moscow or just about

three hours away from the open of US trading. It's time for the five Things you need to Notice Are your day brought to you by Interactive Brokers. Interactive Brokers charges Martin loan rates from zero point seven five to one point five eight percent, rates subject to change. Learn more at ib k R dot com slash compare. We

begin with the latest developments on Ukraine. The country plans to declare a nationwide state of emergency, has tensions with Russia amount and President Biden says he is raising the number of military forces in the region. They get the very latest from Bloomberg, said Baxter. President Biden says he has no plans to fight Russia militarily in Ukraine, but the red line is at the boundaries of NATO countries.

I have authorized additional movements of U S forces and equipment already stationed in Europe to strengthen our Baldic allies Estonia and Latvia Lithuania. Meanwhile, the first sanctions White House folks women John Saki says are just the first step their design to have a squeezing impact over the course of time. And we have many more escortory steps that we could take. And they say no future talks with

Russia are planned. In San Francisco, I'm at extra Bloomberg daybreak, all right, thanks President Biden's first round of sanctions on Russia hit the markets with a whimper. Global stocks are rising this morning after yesterday slump saw the SMP five hundred clothes in correction Territory down ten percent from its January highs. Still, the next round of sanctions could bite

a bit harder. That's according to Saxo Bank Chief Investment Officer Stean Jacobson, the next step off from this will be very serious in terms of the issues of that

and the connection inside to to Russia. As someone who goes to Russia, I know the Russians of course live with this, but I also know that the business people that I know and talked to in Russia are certainly impacted by this and field this is comes strain on the way to do business, Stein Jacobson at Saxo Banks as the Federal Reserve should still be the primary focus for markets right now. Well on the earnings front, this morning, Nathan shares a Barclays up almost three percent. The British

bank posted its highest annual profit on record. Apple shares are up almost one percent in early trading. Karen, the iPhone maker, has dropped its mask requirement for custom is a most US retail stores that follows reduced COVID cases and changes in local mandates, but Apple staff they'll still have to wear masks well. Nathan in Hong Kong, HSBC City Group in Banka, China say they will temporarily close all of their retail branches on Saturday's beginning in March.

The move comes as Hong Kong scrambles to contain its worst outbreak of COVID. And that's the five things you need to know to start your day. Brought to you by Interactive Brokers. Again, futures are on the rise this morning, SMP futures up twenty seven points straight ahead, your latest local headlines, plus a check of sports. And this is

Bloomberg all right, Karen, Thank you. Sixty three on Wall Street, sixty degrees six zero in Central Park, starting to see fifteen to twenty minute delays in the Lincoln and Holland tunnels. Michael bars here with what else is going on in New York and around the world. Good morning, Michael, Good morning Nathan. New York Governor Kathy Oakle says the state will set asign almost sixty two million dollars in the budget for a joint security Operations center to help bad

cyber attacks in the state. We can no longer act independently, and that has been the case where the State of New York has its plan, City of New York has a plan. Our mayors are local governments throughout the State of New York, and that is not sustainable in light of the threats that we're seeing. Governor Hocle says, the

operations center will open in Brooklyn, New York. Mayor Eric Adams and if we don't get a handle on cybersecurity, what COVID did to our bodies, cybersecurity is going to disrupt the anatomy of our city and our state, and it's imperative that we take a forefront, forward faking view of this. Mayor Adams was joined by other mayors in

the state for Governor Hocle's announcement. Businesses in New York and other big metro areas are beating up security in response to an uptick in violent crime by paying the city's own police force to work at their stores and office buildings. New York City has long administrated its own program for off due the officers to stand guard outside private businesses, but after the pandemic hit, spending for the paid detail program shot up to its highest amount in

more than a decade. The Pentagon has approved the deployment of hundreds of unarmed National Guard troops to Washington, d C. The city is preparing for trucker convoys that are planning protests against pandemic restrictions beginning next week. Some California truck drivers planned I had to Washington, d C. This driver says he expects they will gain support along the way.

We expect the convoy to grow by the thousands, and I would imagine by the time we get the d C, there will be tens of thousands of people that are involved in this movement by the time we get there. The convoys follow the recent Canadian trucker's protest of government pandemic restrictions. Elton John was able to make his New York show last night despite a terrifying air scare. The singer's private jets suffered hydraulic failure about an hour into

his flight from the UK to New York. Then the ISILO told air traffic and to prep for an emergency landing about an hour from London in eighty mile per hour WINS. After two landing attempts to play and land it, John called it a later flight to New York in order to make it in time for a sold out show in Madison Square Garden last night. Global News twenty four hours a day on air and on Bloomberg Quick Tank, powered by more than twenty seven hundred journalist and analysts,

more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg, NA. Not the way you want to see the red tail lights. Thank you, Michael. Six thirty six on Wall Street. Here's John Stashard of the the Bloomberg Sports Update. Thanks Nathan. It's always slowed time on the sports calendar, but usually there is string training in the anticipation that brains. Instead we have a lockout. And while the two sides have been needing, it seems every bargaining session neveron brings

about any real progress. Sometime next week they need a labor deal or they'll announced the season is not going to start on time. Yankees did make an announcement one that a lot of fans have been waiting for, where no one has worn number twenty one since Paul O'Neill retired in two thousand one, The Yanks will officially retire it. I'm appropriately August twenty one. O'Neill played eight years of the Yankee outfield and be can broadcaster twenty three number

the games of the time. Islander start a five game road trip. First stop seatt All Mayfield, center points white right on purpose rebounds. What a beautiful play. Hey, you're missing the net whine on purpose, So that's Sexikis could dig it in from the rightular crease. It's for nothing. New York King w P and Aisles won five to they get to the game under five hundred bigg East Yukon by two or Villanova, who had beaten the Huskies five grade times. Yukon wanted without his coach Dan Hurley

ejected in the first half. Conflicting reports on when Ben Simmons will make his Nets debut, some that will be soon, another that could still be weeks away. Simmons leaves to ramp up having not played since last May. Reaction to Maaron Rodgers of that cryptic Instagram post where he seemed to talk about his years in Green Bay in the past chance, he said people shouldn't read too much into it, that he was just in a reflective mood after being

in a twelve day cleansed it. Of course, probably the biggest question the NFL off season, will Rogers nayed with the Packers get traded or with time? John Stashally Bloomberg School, All right, John, thank you, six thirty seven on Wall Street. Time to take a look at stock. Some of the names moving in the pre market with Bloomberg Radio and

TV Markets correspondent Credi Gupta. Well, Crety, I guess what better to spark a relief rally than a technical correction exactly by the it seems to be the theme of this morning. At least we'll see if it last through

the open. What's interesting is that you're actually seeing a big tech stocks in particular lead the rally this morning, kind of mixed in with some earning stories and of course the oil names, and you have those two sides of the trade, essentially, that defensive tech trade of that of course has the heavy waitings on its side, but then you also have the oil piece of the equation, which we know time and time again has continued to rally given those geopolitical tensions and driving or kind of

should a following up Brent's march up to one hundred dollars barrel on w T I S as well. So now you are of course seeing some of those names once again trickling at the top of the leaderboard this morning. Though when it comes to volume is a m D and Intel I should mention at the close yesterday a m D of course, the chip maker Advanced micro Devices reaching a hundred eighty eight billion dollars in market value, surpassing its major rival Intel for the very first time.

Both stocks are up over one percent this morning, Nathan. Apart from all the geo politics, of course, we still have a lot of earnings, including this morning credate a ton of earning. Let's start with Lowe's here. L O W is your ticker up just shive three percent, rising on a sales b an increase in a full year outlook. A little bit of a divergence from what we heard from Home Depot yesterday where they're saying they're actually going to be a little bit of a deceleration and that

profit growth going over. A similar story when it comes to follow Alto. Of course, the cybersecurity stock p A and W is the ticker up seven point seven percent this morning after the second quarter results impressed the analysts being most expectations and even getting an upgrade to neutral. Over at JP Morgan Us to Lantis is the other one.

St l A is your ticker. They're the carmaker, up just shy of seven percent in the pre market, targeting double digit adjusted operating income margin and positive industrial free cash flow. That's a lot of jargon for a really good quarter, essentially um and getting with it some good commentary from analyst as well. The results. The analysting of the results were quote much above expectations quote even the most bullish ones like us, So good news for Stlantis.

I'll end here with Marathon Oil. We started with oil. I'll end here with Piper Sandler upgrading it m r O to overweight in a note on the expiration production sector and reiterating its overweight waitings on Devon Energy and Pioneer Natural. Once again a good bit on oil. M

r OS your taker up to shy two percent. Nathan Alright, Bloomberg Radio and TV Markets correspondent Create Gupta with the daily pre market update, and as we take a look at stocks as a whole ahead of the Wednesday morning open, future are moving higher. We have SMP futures up almost twenty four points now, Dow future is up a hundred fifty NASTAC futures are higher by a hundred twenty six points. Tenure Treasury is down seven thirty seconds. The yield one

point nine six per cent. Stay with us, you're listening to Bloomberg Daybreak. Bloomberg eleven three oh weather sunshine, breezy, mid sixties today, upper thirties with clouds tomorrow, wintry mess tomorrow night turning over into rain and low forties for Friday.

Right now sixty in Central Park Markets, Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Buicktape, trus a Bloomberg Business Flash, and I'm Karen Moscow Future is moving higher this morning. Let's go to the First Word breaking news desk for today's morning call. Here's Bill Maloney, Bill, good morning, and good morning, Charon. That's right. US features are on the green FPS today, sell off without futures

up a hundred and thirty nine points. Bestips gained twenty two well then as a futures are of a hundred and fourteen The US ten yield at one point nine seven percent, Gold is down four four four. All oil is also lower, but Bigcoin is trading higher by two point seven percent. Japan fell one point seven percent overnight, while up markets are trading in the green right now and back in the US on the economic front. At seven o'clock, US mortgage applications after the bell Ust night,

Powell Auto Network's forecast exceeded expectations. Shares are up eight percent in the pre market and regarding earnings this morning, Low's beat and boosted its EPs forecast. In other news, Activision to delay next year's planned of call Call of Duty game and wrapping things up, Sonocco raised to buy over at City Group, Intel, race to market perform over at Raymond James Live from the first Brecknners Desk on

the Maloney Cara. All right, Bill, thank you, and here live breaking news of her Bloomberg Time squalk on your terminal SCU A w K and that's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael, thank you very much. Karen, Ukraine will seek to impose a nationwide state of emergency over the rising tensions with the Russia. It comes after Vladimir

Putin moved what he called peacekeeping troops into Ukraine. President Biden has imposed stricter sanctions against Russian banks, business elites, and their families. Senior Biden administration officials say the Transportation Department is a warning about four hundred fifty million dollars in grants for port related projects to bolst to capacity and improve the movement of goods. The U S economy continues to be affected by congested supply chains in the NHL.

The Islanders won global news twenty four hours a day on air and on Bloomberg Quittake, powered by more than twenty seven under journalists and analysts in more than one twenty countries. I'm Michael Barr. This is Bloomberg. The following commentary is from Bloomberg Opinion. Well it In's Ukraine response is mired in barrels of oil. I'm Liam Denning, a

columnist for Bloomberg Opinion. Russian President Vladimir Pusin's latest incursion to Ukraine has drawn new sanctions from the West, but harsh measures against Russia's energy industry remain off limits for now. That's because the West needs Russian energy, and that includes the US. For all the talk of US energy independence, the country still imports millions of barrels a day, including a rising proportion of Russian ones. These have largely replaced

imports excluded by sanctions. On Venezuela, with pump prices up sharply already and mid terms during nine months. President Joe Biden is walking a tightrope on sanctions and waiting through millions of barrels of Russian oil too. I'm Liam Denning. 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 it O P I n go. It is six fifty on Wall Street. Returned to news and science and technology now with the Bloomberg and j I T. STEM Report brought to you Buy New Jersey Institute of Technology ranked a top fifty national public university by US News and World Report and at top fifty

college for undergraduate entrepreneurship studies by the Princeton Review. Learned more at n j I T dot e DU Now Here's what's making news in science, technology, engineering and math. The U S maternal mortality rate is already high compared to other wealthy countries. Now it's increased. According to the CDC. The latest figures show almost twenty four deaths for every one thousand live births. That's more than double the rate in the UK, Canada and France, and black women fared

much worse than white women. Apple has dropped its mass requirement and most retail stores across the US that following reduced coronavirus cases and changes in local mandates. Apples also ramping up for the return of in store classes. The company is preparing to launch new versions of the iPhone, iPad, and math and traders expect machines and mobile apps to take over even more of the action in financial markets in two More than traders predicted an increase in algorithmic

trading in the next two years. According to JP Morgan Chase's annual f I c C E Trading Survey, definding's highlight increased reliance on computers to identify and execute trades, a transition accelerated by remote working during the pandemic. Mobile training applications are forecast to be the most influential technology in shaping trading this year, moving to artificial intelligence and machine learning over the next three years. And that's the

Bloomberg and j I T STEM Report. Nathan Okay, Karen,

thank you. We are live from the Bloomberg interactive brokers studios where it's coming up to six fifty two on Wall Street Time not to check what's going on in d C. Some of the top stories in our nation's capital include President Biden ramping up sanctions on Russia as he says an invasion of Ukraine is just beginning, the President delaying oil permits as gas prices surge on the Ukraine developments, and the President urged to declare a climate

emergency as build back better fades. Let's see more now in all these stories, Bloomberg Government reporter Emily Wilkins joins US. Now, So we got the sanctions announcement from the president yesterday. Emily, how's it being received so far? Not extremely well. Uh, We're seeing a lot of criticism, particularly from Republicans, saying that these sanctions do not nearly go far enough. I mean, we didn't really see any changes with the markets yesterday

when these sanctions were imposed. Um, they include targeting Russia's down and sovereign debt abroad and also the country believes, but they really don't go for some of the measures that really like cripple Russia a little bit more and have them feel some of that pain that sanctions are intended to um and the deputy u S National Secretary. Uh. He told reporters that the White House that this is just the beginning of the invasion and the beginning of

their response. He's called these group of sanctions the first trench and said there would be more coming. And that's kind of mirrors. Well, we've heard from President Biden saying that you know, this is the beginning of an invasion and that they're going to be considering more sanctions in days to come on Russia. Uh, that was only the

first group that they've so far imposed. Now, I know Congress is out on a recess right now, but given these developments so far, are we hearing anything at this point from Capitol Hill in terms of coming together on a sanctions package of their own. I think there's a sense that this is going to be priority number one. Win Congress does get back next week. It is a little hard just to call everyone back to see at

this point for a couple of reasons. And number one, this is something where President Biden does have a lot of authority to act and to move, so he can start making decisions at the moment. The other thing is that you know, members of Congress, they are scattered all all across the world right now, so it does get a little more tricky to have them all come to

be seen than, say, if they were just in their districts. Remember, two before they left for this break, lawmakers were trying to find some sort of agreements on sanctions, on time and distinctions, what distinctions should be? Uh, And I think those questions could have the potential to linger when they get back to Washington. I think there's additionally a sense a question of you know, what happened next? Does Plutin go beyond invading these two separatist regions in Ukraine? And

what does that look like? I mean interesting to note that, Uh, well a Republicans, interesting distinctions, well Ukrainians. Did you heard from Ukrainian officials that they thought the measures were appropriate at this time? It was also interesting to hear from the President yesterday warning Americans that sanctions might not come without pain for Americans. At the same time, we're seeing the White House delaying oil and gas permits on federal land.

I mean that could sort of complicate things when it comes to trying to get a handle on rising gasoline prices. Yeah, this wasn't necessarily a decision made by the White household. Load Um. The Interior Department warned of delays in these new drillions permits because a federal judge blocked the administration's records for assessing how these print approvals impact climate change. And so because you have this pause by the judiciary on a rule from the administration, that is the way

in their ability to get some of these permits out there. Um, and there were some of them. This move would only have a minimal short pack, short term impact on domestic oil production because there's so many permits out there already that are not being used. But at the same point, gas places are are huge for President Biden m being aboud to do everything that he's pled to get them down. All right, Bloomberg Government reporter Emily Wilkins with us from Washington,

d C. Thank you. As always, you can read more about these stories on Bloomberg dot com or on the Bloomberg terminal, and follow all the latest on Bloomberg Radio in Washington Bloomberg and one or five points seven fm h D two. Karen, all right, Nathan, thank you at a six fifty six on Wall Street. This is Bloomberg Daybreak. February as Black History Month, and every day this month

we are celebrating significant moments in US black history. Now with your installment for February three, here's Bloomberg's Renato Young on This day in Black History. In nineteen seventy nine, Frankie Peterson Jr. Is named the first black general in the U. S. Marine Corps. He was determined to serve his country despite racial discrimination. Peterson first attempted to join the U. S. Navy, but was asked to take the

entrance exam over because administrators believed he had cheated. In nineteen fifty, Peterson enlisted in the Navy, and two years later as a Marine, he completed flight school and was commissioned as a second lieutenant. Peterson went on to become the Marines first black aviator and served as commanding General

for the Marine Corps Combat Development Command. Throughout his career, Peterson received several military awards, among them the Navy Distinguished Service Medal, Defense Appear Your Service Medal, and the Purple Heart. So Peterson retired as lieutenant general after serving as Special Assistant to the Chief of Staff. That's today in Black History. I'm renied to young Bloomberg Radio. All right, reny to thank you, and futures on the rise. SNP future is

up twenty points this morning. Down futures have one hundred twenty one and NASDACK futures have one hundred four ten year Treasury down six thirties seconds, the yield one point nine six percent. They yield on the two year one point five nine percent, and NIME ex screwde oil is down a third of upper center twenty eight cents at ninety one dollar sixty two cents of barrel bitcoin this

morning at thirty eight thousand, eight hundred twenty dollars. Bloomberg Surveillance with Tom Keen and Jonathan Farrell and Lisa Brahma Woods straight ahead for Nathan Hagar. I'm Karen Moscow and this is Bloomberg