Bloomberg Daybreak: January 13, 2022 - Hour 2 (Radio)

says he will not cooperate with the Capitol Riot panel. Plus, New York subways are getting a big chunk of federal COVID funds. I'm Michael barr more ahead, I'm John stashweron forts the nixt beat Dallas to reach five hundred, The nets one big in Chicago. St John's lost at Yukon

in overtime. That's all straight ahead on Bloomberg day Break on Bloomberg Elementaro, New York, Bloomberg nine one, Washington, d C, Bloomberg one O six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x M one nineteen and around the world Old on Bloomberg Radio dot Com and via The Bloomberg Business at Good Morning I'm Nathan Hagar and I'm Karen Moscow and US Dock Index futures are on the rise this morning.

We are coming up to six one on Wall Street, and we check the markets every fifteen minutes throughout the trading day. On Bloomberg right now, SMP futures are up five points down, futures up thirty one, nosday futures up, seventeen. Ten year Treasury down one thirty second. You at one point seven four percent yield on the two year point nine pent Nathan, Karen, we begin with more calls for higher interest rates this morning. At least four FED officials

now are calling for liftoff as early as March. Here's Minneapolis FED President Neil cash Cary. If you look at financial market indicators of where you finisial market stake, inflation is going over the long term. Over the long term, they're solving the camp and inflation is going back to historical levels of arab So that's I mean, I don't overweight that. That's one data point that we pay attention to,

but that at least gives us some confidence. Minneapolis Fed President Neil cash Carry made the comments at a town hall in Minnesota Other FED presidents are also calling for faster tightening. San Francisco's Mary Daily wants to start in March. Patrick Harker of Philadelphia wants at least three hikes this year. St. Louis chief Jim Bullard sees as many as four increases on the calendar. Well, Nathan, the FEDS looking to fight the hottest inflation in nearly four decades, and today we

get more data on prices. Economist forecast the producer price index for December will post a record annual increase of nine point eight percent. Bloomberg has any Dale Juda's reports inflation is rattling main street. The cost of living is rising at the fastest pace. Based on December consumer price data. November producer prices meantime scored the largest you re or

increased so far, up nine point six percent. And yet Boomberg Economics he's hope forecasting producer prices topping out this quarter based on factory data and noting order backlots and supplier delivery leaf peaked in May. Vine Jude Bloomberg day break right, Vinnie, thank you. As the FED fights inflation, the Biden administration is working to fill vacant seats at the Central Bank. It looks like it's getting close. We

get more from Bloomberg's Doug Prisner. The director of the National Economic Council, Brian Deese, told reporters the White House is working closely with congressional leadership to finalize the list. As we previously reported, Sarah bloom Raskin is a leading contender for the vice chair of Supervision, but earlier this week, the top Republican on the Senate Banking Committee, Pat Toomey, said he has serious concerns about the possible nomination of Raskin.

There are two additional openings, were told. Economist Philip Jefferson is a likely nominee, and FED Governor Lyle Brainerd has been nominated as FED vice chair. Today she'll have her confirmation hearing in New York. I'm Doug Prisoner Bloomberg day break, All right, Tyke, thank you. In that confirmation hearing for Lyle Brainerd will be front and center this morning. We

get a preview now from Bloomberg's Michael McKee. Governor Brainerd's nomination hearing maybe a bit more contentious than the reception Fed Chair Powell got on Tuesday. Banking Committee Senators were largely content to get Powell's views on the economy and inflation and the implications for interest rates. Brainerd, however, is likely to face tougher questions about the future of FED

policies involving diversity and climate change. She has advocated for both positions Republicans don't see as part of the Central Banks mandate. She will defend those efforts as vital to the feds ability to boost growth and promote financial stability, and although the questioning may be tougher, Brainerd, like Powell, is expected to win confirmation. Mial McKey, Bloomberg Debreak, Mike thanks,

Let's turn our attention to the pandemic now. Daily COVID cases remain high, but there are signs the omicron wave could be easing. The most serious illness continues to be among the unvaccinated. The CDC says almost all teenagers that need intensive care have not received shots. Bloomberg's Sad Baxter has the story. The CDC says this bolsters the research that says the fiser regiment of works and preventing severe disease and teens. It says venting per cent of the

i c U visits and nine percent of hospitalizations. The sample sizes and teams are too small for the CDC to translate it to older populations, but what it does say is that having a very sixteen is preventable. CDC says the reports of deaths were all unvaccinated in San Francisco. I'm at Baxter Bloomberg daybreak, all right, and thank you. Well. As COVID cases remain high, so does the cost of

N ninety five mass. The CDC has considered changing its guidance to advise using only AND ninety five and k N ninety five face coverings, and that sent prices surging on sites like Amazon. In one case, a pack of forty kN ninety five mass now costs eighty dollars. That's sixty bucks higher than it was in November. Well meantime on Wall Street, Karen, another firm is requiring booster shots

for workers to get back to the office. Let's get the latest life from Bloomberg's Rnita Young, Good morning, Granita, Good morning. Nathan. Blackstone is the latest financial firm telling us staff to get at a booster shot as soon as possible or get out of the office. The company is also requiring staff to be tested on site three

times a week now. Last year, Blackstone asked employees to return to offices full time by June, but when COVID cases later skyrocketed across the country, it gave staff the green light to work from home. Now, black Stone once employees back in the office on January. That's two weeks from tomorrow, Live in New York. I'm gonna need a Young Bloomberg daybreak, all right, ned to thank you, and finally politics is in focus across the pond this morning.

Boris Johnson has apologized for what's being called party Gate, but the UK Prime Minister still remains under heavy pressure. We got live to London and get the latest with Bloomberg's Max Ramsey. Good morning, Max, Morning to you, Karen and Nathan. Yes, it's really been a massive political story here. Boris Johnson finally came out and apologized. He said he did attend a party during the first pandemic lockdown in Britain.

He's faced a lot of anger, not only from opposition politicians who have called on him to his and but also some from his own party. It puts him really in a difficult position as we wait for the results of an official investigation live in London. I'm Max Ramsey, bloom Back daybreak. Okay, Max, thanks, says we await the market open. Futures are moving higher with SMP futures up four points, NANSTAC futures up twenty. Straight ahead your latest

local headlines in the check of Sports. This is Bloomberg in six o seven on Wall Street where thirty five degrees in Central Park. We have an accident in the northbound Lew England threw away at Boston Post Road in Westchester County. Michael Barr has more on what's going on in New York and around the world. The Morning Might Call, Good Morning, Nathan. House. Minority leader Kevin McCarthy says he will not cooperate with the panel investigating the Capitol riot.

McCarthy claims the investigation is not legitimate and is accusing the panel of abuse of power. The panel asked McCarthy to volunteerily testify about his conversations with then President Trump as the riot was underway. Senator Mitch McConnell lashed out at President Biden after the President in Atlanta spoke strongly

in favor of voting rights legislation. Senator McConnell has recently been called out by the White House for supporting voting rights in the past, but more recently refusing to let the Senate even debate such bills. The Senate Minority leader accused Biden of dividing the country. He promised to unite the demon as Americans who disagree with him. He compared, listen to this a bipartisan majority of senators too literal traders. McConnell says, after knowing Biden for years, he did not

recognize the man at the podium. Tuesday. President Joe Biden is highlighting the federal government's effort to surge medical personnel to help overwhelm medical facilities. Starting next week, a thousand military medical personnel will begin arriving in six states, including New York and New Jersey, to help mitigate staffing crunches

at hospitals across the country. Senate Majority Leader Chuck Schumer says he will try to break a log jam on two Democrat drafted voting rights bills and begin to bate on the Senate floor this week. Schumer told all Senate Democrats he plans to use the procedural gambit to prevent Republicans from blocking the beginning of debate. Democratic senators are trying to get fellow Senators Joe Manchin and Kirsten Cinema

on board to vote to abolish the filibuster. Schumers says there have been serious, long, intense discussions with the two moderate Democrats. We're not there yet. I wouldn't want to delude anybody to thinking this is easy, but we're trying to come to a place where decty senators can support two bills. Senator Schumer also says New York City subways and commuter rails are getting a big junk of federal

COVID nineteen relief funds. Schumers says the m t A has received six billion dollars, part of more than fourteen point five billion in overall federal relief aid. Global News twenty four hours a day on airhand on Bloomberg Quicktake, powered by more than twenty seven und journalists and analyists more than a hundred twenty countries. How Michael bar this is Bloomberg. Nathan Thank Smichael coming up to six ten on Wall Street time for the Bloomberg Sports Update with

Johnston shown all right, Nathan. Halfway through the regular season, the Knicks were twenty and twenty one. They had the same record at that point last year, when they then went twenty one and ten finished fourth in the East. Knicks began the second half with an easy win at the Garden, where they had been struggling, but they've had won five in a row at home five hundred overall, one oh eighty five win over Dallas, all five Knicks starters and double figures, led once again by R. J. Barrett,

he scored thirty two points. After the Knicks one by twenty three, Lenettes in a late start in Chicago one by twenty six, one, eight, one twelve. Brooklyn now scored the Bulls by twenty just in the third quarter. Kevin Rant scored twenty seven. James Harden had twenty five with sixteen a six to loss for St. John's fell in overtime at Yukon eighties six seventy eight too much. Adamo Sagano for the Huskies twenty six points, eighteen rebounds, six

block shots. Fordham to it ow in the Atlantic ten at one point, when at rose Hill over du Kane, they announced a draw for the Australian Open which begins Monday. Even though Novak Djokovic could still get deported, He's actually gonna face a fellow serve in the first round if he indeed played. Giants owner John Marra met the media the day after he fired coach Joe Judge. Um, there is nothing more painful to me than making that long

walk down the hallway. UH, to tell somebody, particularly a good person like Joe Um, that we're making a change. It's gut wrenching for me. Um. It's been gut wrenching every time I've had to do it. Mara, his brother Chris, and co owner Steve Tish began zoom interviews with the Giants general manager's job. Met with Buffalo assistant GM Joe Shoon. Arian Wilson, who works for Arizona Giants, have seven other

GM candidates. Hope to have a higher next week, then start looking for a new coach John Stash, Award Bloomberg Sports, Nathan all Right, John, thanks right now. S and P futures are up five point, staff futures up thirty eight. Dance act futures are highed by twenty three points. The tenure treasury is down to thirty seconds. The yield one point seven five on the benchmark tenure. Note you're listening to Bloomberg day Break. Bloomberg day Break is brought to

you by Audie. Don't let someone else drive off in the Audi model. You've always wanted. Visit a tri state autie dealer to get behind the wheel of yours. Today, markets headlines and breaking news twenty four hours a day at Bloomberg dot com, the Bloomberg Business Outland at Bloomberg Quicktake's a Bloomberg business lash and I'm caring Moscow and we do this headline crossing the Bloomberg. There's Boeing seven thirty seven maxes to resume service in China as soon

as this month. That just crossing the Bloomberg. And US Dock Index futures meanwhile are moving higher this morning. We check the markets every fifteen minutes throughout the trading day. On Bloomberg S and p Future is at five points, Dow Future is at fifty five. NAS day futures up about eighteen. The decks in Germany is little changed, and

your treasury down one thirty second. He at one point seven four percent yield on the two year point on one percent Nomex crude oil is little change at eighty two dollar sixty two cents of barrel. Comex school down a quarter percent or five dollars at eighteen twenty two thirty announced the euro one point one four six two against the dollar, British found one point three seven four or five, and the YenS at one fourteen point four six.

Bitcoin this morning is moving lower at forty three thousand, six hundred sixty dollars, and today we are watching for the producer price indext out at eight thirty Wall Street time, along with the weekly report on initial jobless claims. That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world, Uncle Karen, thank

you very much. House Republican leader Kevin McCarthy now says he won't cooperate with the committee investigating the Capitol Riot piece as the House January sixth investigation is not legitimate. The Biden administration says it's seeking new u N sanctions against North Korea in response to be Young Yang's latest ballistic missile test. It's still up in the air whether Novak Djokovic will be able to defend is Australian Open title.

The Australian Immigration Minister is still considering whether to deport the tennis star who was not vaccinated against COVID nineteen. In the NBA, the Knicks NAT, Celtics and Wizards all one. In the NHL, the Bruins won Global news twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven under journalist and analyst more than a hundred twenty countries. I'm Michael bar and this is Bloomberg. Thanks Michael. It's six nineteen on Wall Street

Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak, as we continue to assess this environment of historically high inflation and what the FED can do about it. We're joined by Sarah Human, Managing director and head of Europe and America's Research at Standard Chartered Banks. Sarah, it's great to speak with you this morning. The seven percent CPI print, does that seal the deal for rate hikes starting in March? We think so, yes, we were looking for twenty basis

points in March. If you look at said commentary, it's become increasingly hawkish. Um you've had several FED speakers yesterday and overnight talking specifically about a March lift off the rates, and I think that the you know, CPI data are the key driver there. The narrative has has really shifted as we know, the transitory comment has has disappeared, long since disappeared, and there's a real concern about inflation becoming embedded, but also recognition about the risks that it brings for

economic recovery and the squeeze on wages. What's your view on whether inflation is becoming embedded? Is it could we see even more price pressures as we go through the early part of this year. I think certainly the headline numbers are likely to stay elevated, and probably year on year readings will rise further. That's partly because of base effects, partly because we asked still seeing the impact of supply

side disruptions feeding through to the general price index. But over the course of the next few months, particularly once we get into the second half of the year, I think a number of these pressures are going to ease and we will see inflation moving back down towards the Fed's target. I mean, indeed, for next year, we think that we will see core PCE back at at or even below two percent here on yees, So that would

suggest to us that the Fed can proceed cautiously. We're expecting a rate hike in March, another in June, but then we think the Fed will pause to see how the economy evolves. What's your expectation for producer prices when we get that coming out later this morning, there's a median estimate of nine percent. That would be a record, Yeah, it would. I mean, it's it's just about feasible that

we could even see double figures year on year. But I think what's important is that the monthly reading is likely to be lower than we've we've had over recent months, and we are starting to see some very tentative signs of those um input prices fading. For example, China's producer price index, which have been extremely high, has been down for the last couple of months. We think we've seen a peak in energy prices, although of course prices you know,

picking up again more recently. Freight costs still very elevated, but off where they were back in September October. So the year on year reading today is going to be very high, but we would expect that the trend over the course of the coming months is going to be for a gradual decline. Does a more hawk is turn from the FED risk dampening US growth or do you think the central bank can bring this in for a

soft landing. I mean, it's the big challenge for central bankers facing these sorts of inflation shan pressures, trying to assess how far the risk, you know, how far wages start to pick up in response, and to what extent.

Actually these costs are a major headwind to activity. So that's why we think that they will, you know, raise rates soon um for this first half of the year, but we'll then take a breather to see how the economy is evolving and also importantly how quickly invitation is coming down our last minute here, Do you expect Lyle Brainer to support that view when she goes before the

Senate Banking Committee later this morning? What are you going to be listening for from the vice chair nominee, Yeah, I mean, certainly, I think it's all eyes on what she says regarding the inflation risks, and her recent comments have taken a more hawkish turn. So I think that you know that the surprise would be um if there were the sort reversively dubish comments. Um. I mean it's

not all one way for sure. There are some reasons to believe that perhaps the peak pressure is over, but I'm not sure that that's the message that that Bernard is going to be giving it today's session. All right, As always, Sarah, thanks for the insights. Sarah Human is Managing director and head of Europe and America's Research at

Standard Chartered Bank. As we await the Producer Price Index out at eight thirty Wall Street time and Lyle Brainerd's testimony before the Senate Banking Committee that begins around ten am on Capitol Hill, we'll have continuing coverage throughout the day for you here on Bloomberg Radio. Right now, SMP futures are up three points, STOUT futures up forty nine. Nasdaq futures are higher by eight points. Just ahead, more calls for March rate lift off, and another big bank

puts out a booster mandate. It's all coming up, as we checked the five things you need to notice start your day on Bloomberg Daybreak Bloomberg eleven three oh weather, clouds, some sun today, low forties for highs, clearing and breezy tomorrow. Up for thirties a mix of sun and clouds and

highs only in the low twenties on Saturday. Currently thirty five degrees broadcasting live from the Bloomberg Interacted Broker's studio in New York, Bloomberg E Living Tree to Washington, d C, Bloomberg to Boston, Bloomberg one O six one to San Francisco, Bloomberg N sixty 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 and at

six thirty on Wall Street Coup Morning. I'm Nathan Hagar and I'm Karen Moscow, and we're just about three hours away from the open of US trading. Time for the five things you need to note start your day. Brought to you by Interacted Broker's Global Analysts. Global Analysts helps you find new global investment opportunities, to diversify your portfolio and discover undervalued companies. Try Global Analysts today at ib k R dot com. Slash g A up first, the

FED and inflation as front and center. San Francisco President Mary Daily and Philadelphia Fed chief Patrick Harker are publicly discussing a rate hike in March. The Central Bank is looking to fight the hottest inflation in a generation, and they'll need increase to increase rates aggressively to do so. That's according to Bridgewater Associates Investment Research Director Rebecca Patterson.

We think inflation is likely to be significantly above what's discounted and of course the fence target, unless they decide they're going to hike a lot more aggressively than once priced. Rebecca Patterson at Bridgewater Associate says markets are not prepared for just how sticky high inflation could be. And up next, Karen, there's more inflation data. We'll get the producer price index

for December Today. An economists forecast a record or over your increase of nine point eight percent, and the report comes at eight thirty am Wall Street time, Nathan. Then ninety minutes later, their Senate Banking Committee holds a confirmation hearing for Lyle Brainerd. She's been tapped to serve as vice chair of the Fed. At Bloomberg's The New Judas reports, brainerdition economist and current member the Federal Reserve Board. She

also held the top post at the Treasury. Her nomination preserves continuity at the Central Bank, along with the renomination of FED chairs Rome Powell to a second term. Brainert and Powell have similar views on monetary policy stamping out inflation, but different bank regulation. She wants to maintain tough curbs imposed after the two thousand and eight financial crisis. Bene Judas Sloomberg Daybreak. Al Right, Vinnie, thank you. Let's turn

our attention to the pandemic now. Daily COVID cases remain high, but there are signs the omicron wave could be easing. The most serious illness continues to be among the unvaccinated, and when it comes to teenagers, the CDC says almost all of them that need intensive care have not received shots. Well. Nathan on Wall Street and their finding cho firm is requiring booster shots to get back to the office. We get the details live from Bloomberg's I Need a Young

Good Morning Rindy to Good Morning Karen. Blackstone is the latest firm telling us staff to get a booster shot as soon as possible or get out of the office. It's also requiring staff to be tested on site. Three times a week black Stone once employees back in the office on January that's two weeks from tomorrow. Live in New York. I'm gonna need a young Bloomberg day break. We need to thank you and s F five things you need to notice start your day. Brought to you

by Interactive Brokers, and this is Bloomberg. Thanks Karen. Six thirty three on Wall Street, thirty six degrees in Central Parker. Starting to see some volume build on the GWB and the Lincoln in Holland Tunnels. Details coming up in traffic. First, Michael Barn with Morrow. What's going on in New York and around the world. Good morning, Michael, Good morning Nathan. The House Bental investigating the US Capital ryant has requested

an interview and records from House Minority Leader Kevin McCarthy. However, mccarth he says he will not cooperate, claiming the investigation is not legitimate and is accusing the panel of abuse of power. Meanwhile, former White House spokesperson Kaylee mcinaney is

said to have answered questions from the committee investigators. President Biden is expected to travel to Capitol Hill today to make an in person plea directly to those Senators and Majority Leader Chuck Schumer still hoping for vote on those rule changes by the end of the week. On the filibuster, Schumer told reporters there have been quote serious, long and intense discussions with moderate Democrats Joe Manchin and Kirsten Cinema

to join other Democrats in changing the filibuster rules. We're trying to come to a place where fifty Senators can support two bills, the Freedom to Vote Act and UH the John Lewis Act, and with a change in the rules so we can get the votes to um pass these bills into world. Meanwhile, Schumer also says New York City subways and commuter rails are getting big chunk of federal COVID nineteen relief funds. Senator says the m t A has received six billion dollars, part of more than

fourteen point five billion in overall federal relief fate. The U. S Military would deploy new help to hospitals in New York and New Jersey as they grappled with a wave of hospitalizations driven by the omicron variant. The White House says President Joe Biden will announce that his administration is deploying military doctors and nurses and others to six hospitals in six states, including Coney Island Hospital in Brooklyn and

University Hospital in Newark. The workers are relief teams dispatched to east pressures on overwhelmed health centers. Britain's Prince Charles is one step closer, or Prince Andrew is one step closer to facing civil charges in court. Federal judge rejected arguments to dismiss a case by Virginia Duffrey, an alleged victim of Jeffrey Epstein. Guffrey claims Epstein trafficked her to Andrew, who was accused of sexually abusing her when she was

just seventeen. What's next for the Prince, the lawyer Mark Stevens, is the only thing that he's worse than having Prince Andrew in the odia that he is in already is actually to have him start to deal with the allegations in public. Prince Andrew has repeatedly denied the allegations. Global News twenty four hours a day on airand on Bloomberg Quickday, powered by more than twenty seven hundred journalists and analysts, in more than a hundred twenty countries. I'm Michael Barr.

This is Bloomberg Nathan. Thank you, Michael. Six thirty six on Wall Street. Time for the Bloomberg Sports Update. Here's John Stasha Nathan. Finally some home cooking for the Next Man. Had one just six of their first seventeen at the Garden last night, their fifth home win in a row. It was easy over Dallas to manager without the X Nick Christoph Prozingis as well as their coach Jason Kidd, both on the COVID list. They had won their last six for the nixt role one oh eight to eighty five.

R J. Barrett's days red hot thirty two points. Three of his last five games he has scored over thirty. The next get to twenty one and twenty one on the season. The Nets in Chicago, top two teams in the East. Surprisingly easy win for Brooklyn one thirty eight to one twelve. St. John's went to overtime at Yukon Huskies had an eleven nothing run They won eighties six seventy eight. Julian Tim Pagany scored twenty seven for the Red Storm. Rangers continue the roadship tonight in San Jose,

Islanders host. The Devil's Islands have played just two games the last three and a half weeks. The Australian Open begins Monday. They delay the announcement of the draw they finally did with Novak Djokovic. He's actually facing a fellow Serb in the first round, but Djokovic could still be deported to the no vaccine controversy. Just a few weeks ago, the report was that the Giant we're not going to fire coach Joe Judge and then owner John Mara did.

We just got to a point where I where I thought we had dug ourselves a whole so deep that I didn't see a clear path to getting out of it unless we completely blew it up and it started all over again with a new general manager to the new head coach. Era has begun interviews for the general manager's job and then they'll hire a new coach. May admitted that this season left him more embarrassed than ever before. He said every time he thought they hit rock bottom,

it got worse. He admits he has to earn the trust of Giants fans, specially where Bloomberg Sports Stephen John thank you at his six thirty seven on Wall Street Time to take a look at stocks and some of the names moving in the pre market with Bloomberg Radio and TV Markets correspondent Creedy Goopta starting off with some breaking earnings news, pulling into the arrival gate. Cready, Yeah, absolutely, we're getting Delta numbers is crossing the wire here, d

a ls your taker. The share is spiking two point nine percent to shive three percent. This comes after they report a law thanks that Omicron surge, but expecting to make a recovery. Ordinarily, Nathan, that would mean that the stock is supposed to drop, right, That's the gut instinct. But the EPs actually came in at twenty two cents. The consensus estimate on the lower end was about fourteen cents. So the fact that they were able to do that, plus the keeping in mind that Omicron is kind of

the cases are dropping. So you are seeing this idea that perhaps investors are looking through what they see as a temporary setback up being said, there was also upgraded to a positive by Susquehanna before the earnings came out, saying in the note that the base case now assumes a fuller unlocking of high marchin businesses and long haul into the back half of so once again, Delta shares d a L actually now crossing three percent in the

pre market. Nathan, Let's just stick with airlines, and I should say the aerospace industry here because Boeing as well is also thriving. This morning, Bowing b A is your taker, up also about three percent in the pre market as comes after the seven thirty seven max. It looks to be resuming service in China as soon as this month. This has been a major driver for the stock. Bow And gets a good chunk of their business from China, and that seven seven max has actually been grounded since

the So good news over there at Bowing. Let's move over to the biotech space. So Verbiotechnology v i R getting a boost this morning up to shrive seven percent following a series of analyst notes that have said shed some positive optimism on the stock. This, of course follows news from yesterday that the US government said it would buy six hundred thousand additional doses of Verbia technology, these

covid antibody treatment that they've developed with Glaxo smith Klin. Nathan. Now, of course, earning season really kicks off tomorrow how are those bank stocks doing this morning. They're actually up quite a bit, and it tells you there's a little bit of optimism here going into those earnings. Of course, JP, Morgan and City among others also reporting first thing in the morning tomorrow. But take a look at what BAK

America shares are doing. B a C for example, as the proxy I'm gonna use for bank stocks widely up seven tenths of a percent. And remember banks were actually the underperformer of yesterday session, So seeing a little bit of reversing those losses from yesterday, but also perhaps a little bit of optimism ahead of smorrow's earnings. All right, Bloomberg Radio on TV, markets correspondent Credy gooped, were they're going to be very busy tomorrow when we get those

bank earnings starting to roll in. As we take a look at stocks as a whole ahead of this morning's open and the release of producer prices, futures are giving back some of their gains. SMP futures right now are up just about two points down. Futures of forty NASAC futures still hanging in there, but only by about four points ten. Your treasury down one thirty second the yield one point seven four yield on the two year point

nine bitcoin forty thousand seven dollars. You're listening to Bloomberg day Break, Bloomberg eleven three oh others, some clouds, some sun today, little forties, clearing, breezy, upper thirties Tomorrow Saturday, it's gonna be cold, low twenties. To start MLK right now, thirty six degrees. Markets, headlines and breaking news twenty four hours a day at Bloomberg dot com, Blo Bloomberg Business Outland.

At Bloomberg Quick Tape, this is a Bloomberg business lash and I'm camerin Moscow and SMP futures are little change this morning. Let's go to the first word breaking news dash for today's morning call. Here's Bill Maloney, Bill, good morning, and good morning, Karen. That's right. US teachers are quiet right now with the futures hired by forty three points,

S and B S game two. Well, the NASTAC futures are hired by five The US ten u ye old at one point seven five percent, Gold is down to oil is little changed, and bitcoin is also trading little changed. Japan fell one percent overnight, while Europa markets are trading mixed this morning, and back in the US on the economic front, at eight thirty, the Producer price indexs and initial Java's claims regarding Ernie's This morning, Delta revenue missed estimates.

And in deal news, Blackstone sweetened its offer to buy Crime Resorts for six point five billion, and other news. Blackstone tells US staff to get the booster to work in the office and the Bowling seven thirty seven Max to resume service in China as soon as this month. Wrapping things up, Center Point Energy cut to neutral at Goldman Sachs. Biker US was cut to neutral over at JP.

Morgan live from the First Breaking News desk on Bill Maloney care all right, Bill, thank you, and here live breaking news of your Bloomberg Squawk on your terminal squ 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 Karen, thank you very much. House minority leader Kevin McCarthy says he will not cooperate with the

panel investigating the US capital riot. McCarthy claims the investigation is not legitimate and is accusing the panel of abuse of power. Senate Democrats are aiming to launch debate on voting rights, even though there is no guarantee the bill will come to a vote. Today, President Joe Biden will meet with the Democrats at the Capitol, even though the legislation is now blocked by a Republican filibuster. It's unclear whether no Vak Djokovic will be able to defend his

Australian Open title. The Australian Immigration Ministry is still considering whether to deport the tennis star who is not vaccinated against COVID nineteen in the NBA, the next net Celtics and Wizards all one in the NHL. The Bruins won global news twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journal to analyist more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg. The following commentary is

from Bloomberg Opinion. Biden in Georgia. I'm Jonathan Bernstein, a columnist for Bloomberg Opinion. Joe Biden spoke Tuesday on behalf of the Democrats Voting and democracy agenda. Presidential speeches rarely change minds about anything, Nor is it likely that a presidential speech can put pressure on wavering members of Congress

by activating their constituents. So what's the point. For one thing, Presidents have to do a fair amount of coalition management that's related to the president's representational relationship with voters, explaining what he's doing in terms of campaign promises. That's not all. Presidential speeches provide potentially worthwhile signals to those who do

want to listen. Presidential attention can also have agenda setting effects, and for the president's strong supporters, presidential speeches can do one more thing. They can signal the party position to those who haven't been paying attention. After all, most voters do not have strong feelings or any position at all

on most policy questions. Presidential speeches can furnish ready met opinions and even the language to express those opinions and the arguments to make on their behalf for those party voters. I'm Jonathan Burnstein. For more opinion, please go to Bloomberg dot com, slash opinion or opi n go on the Bloomberg terminal. These has been Bloomberg Opinion and Bloomberg opinion commentaries can be heard every weekday at this time, and terminal customers can read more at O P I n go.

It is six fifty on Wall Street. Let's turn to news and science and technology now at the Bloomberg and j I T STEM report brought to you by New Jersey Institute of Technology, which announced that renowned scholar and educational leader Dr tech Limb will join the university as n j I T s ninth President. Learn more at n j I T dot e DU. Now Here's what's making news and science, technology, engineering and math. A new study from the CDC bolsters the use of the fighter

and by on tech coronavirus shot in young people. It found that almost all teenagers who needed intensive care for COVID were unvaccinated. The vaccine prevented of I SEU visits and percent of COVID related hospitalizations. US aviation regulators say they've made progress reducing the risk of flight disruptions from the new five G service that begins next week. Still, the f a A is releasing scores of potential restrictions.

A T and T and Verizon have agreed to delay their five G service for two weeks and limit placement of cell towers near fifty airports for at least six months. The impact on planes still remains uncertain, and London led all other European cities and technology financing. Last year. There was a record at twenty five point five billion dollars in fresh investment in the British capital. That's according to a report from the city's promotional company, London and Partners.

London ranked fourth globally for venture capital investments in urban areas, behind the San Francisco Bay Area, New York and Boston,

and as a Bloomberg and j I T Stem report. Nathan, thanks Karen, We're lying from the Bloomberg Interactive Broker Studios were its six fifty two on Wall Street Time Now to check what's going on in d C, where some of the top stories include Leader Schumer mapping away to get voting rights onto the Senate floor, Senator Mansion offering nuclear as a potential path for President Biden's green goals, and House Republican Leader Kevin McCarthy refusing to cooperate with

the January six committee. Also making news, President Biden making a plan to send military doctors to several states to battle O Macron. Let's get more now from Bloomberg Government reporter Emily Wilkins as we await the president's latest address on his plan to deal with the COVID surge. Emily, we're already getting some idea of what he plans to

say today. Yes, Biden is going to be announcing that they's going to deploy military doctors, nurses to how hospitals in New York, New Jersey, given a huge wave of

hospitalizations are facing di Macron variant uh this whole. Those are just two of ultimately six states, six hospitals and six states that are going to wind up getting this military assistance as these hospitals stays an increase of numbers due to COVID UM and this is something that the Biden administration, to assert extent as has already a continuation

of what they've already done. Since Thanksgiving, more than three D fifteen military doctors, nurses, and medics have been deployed to help hospitals UM and the White House says that even the six states that are going to be an additional help, the ones that they announced today, that will

be followed by more announcements of more teams. So this seems to be an ongoing strategy right now for the White House to try and get military personnel into these hospitals and really make sure that these kind of critical pressure points are being addressed. Also in President Biden's schedule today, he's headed the Capitol Hill in the push for voting

rights legislation. What's the plan to advance a bill? So at this point, lawmakers are looking at a bit of a wanty legislative maneuver where they're basically going to kind of trojan horses, are going to put the voting right still into a completely different bill that's already passed the Senate once, and that's going to get it over this procedural hurdle and allow sunders to actually begin debate on

a voting right self. And that really hasn't happened yet this Congress because everything has been so bogged down in process. What remains to be seen what exactly happens when the debate begins in the Senate, because they can't pass a bill unless ten Republicans join with Democrats in that effort. Uh, And so there's still no sign that we're actually going to see voting rights legislation paths out of the Senate. But we'll see what Schumer has planned when lawmakers begin

to debate. Uh. Perhaps he's thinking that this conserved serves as a messaging opportunity for Senators UM and actually try and get Republicans a little more on the record with their opposition to going rights and in terms of actually getting a vote on voting rights legislation. If you still need ten Senators to join along to pass a bill, does that put changes to the Senate rules is still in play? It does? And I think that's something we're going to be expecting Biden to speak up out today

winning dump the Capitol. Hell, of course, we continue to see opposition from Senator's Joe Mansion sendor Sendma on the idea of making any sort of rules change in the Senate. UM. The pressure has really been high on them, I think, are both inside and outside the Capitol. There's been a lot of people who are trying to slay the minds of Mansion and cinema right now, this has kind of been painted by Chuck Schumer as the do or dime

moment here. Uh, speaking of Senator Mansion, what's his openness to uh potential green path for President Biden, so imagine, has rejected a lot of the climate proposals that have been put in front of him by his fellow Democrats, but he didn't indicate that there might be some pass forward to do a provision devolving nucular. This would be

a tax credit for nuclear plants. It's currently included in Biden's social UH sending and tax plan to build back better, and currently the credit only goes for six years in Manson said he would be open to see that credit going for ten years. UH. It's certainly not the biggest item on Democrats climate agenda, but it's a pass forward

for them to get potentially something passed. There are still discussions going on in the Capital about what if anything from that social spending and tax plan could actually reach the finish line and get mansion support. The focus right now really has been on voting rights, but in the background, conversations are still happening on that social tax and spending

plan and if any parts of it are salvageable. After Manson said last year that he could not support the entire package all right, Bloomberg Government reporter Emily Wilkins with us from the nation's capital, giving us an update on all that's happening there, and you can read more about all these stories on Bloomberg dot com or on the

Bloomberg terminal and listen to Bloomberg Radio in Washington. The Bloomberg and one oh five point seven FM HD two is where to tune in for Bloomberg Radio in d C. Continuing to watch shares of Delta Airlines in the pre market. After coming in with earnings that missed the average analyst estimate, investors seemed focused on the broader outlook. The shares right now are higher by two point four percent in early trading. Futures turning a bit mixed right now. S and P

future is a little change. DAL futures up thirty two points, DANSDAK futures have turned to touch flower now they are down almost four points. The tenure treasury is down to thirty seconds, the yield one point seven five percent, and the yield on the two year right now is point nine one percent. Bloomberg Surveillance up next with Tom Keene, Jonathan Farrell, and Lisa A. Brahmoitz for Karen Moscow. I'm Nathan Hagar, and this is Bloomberg