Bloomberg Daybreak: January 18, 2022 - Hour 2 (Radio)

an advocate for the homeless. Plus the Senator schedule to debate of voting rights bill today on Michael bar Or I'm John stash Own Sports, the Nickson Net, Sufford Holiday matinee losses, win for the Islanders, the Rams meet the

Cardinals in the NFL playoff. That's all straight Ahead on Bloomberg day Break on Bloomberg Element Trio, New York, Bloomberg one, Washington, d C, Bloomberg one on 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 stock index futures are tumbling this morning.

We're coming up to six o one on Wall Street, and we check the markets every fifteen minutes throughout the trading day. On bloomberg S and P Future is down fifty three points down. Future is down two hundred sixty two and as day futures down two hundred eighty two. Ten year Treasury down seven thirty seconds. He at one point eight one percent and they yield on the two year one point oh four percent. Nathan, Karen, the markets are the focus this morning. Treasury yields, as you mentioned,

are jumping while stocks continue to slide. Let's get the very latest live with Bloomberg's John Tucker. John, good morning, Good morning Nathan too, and tend your treasure yields up to levels not seen since before the pandemic. Investors increasingly concerned that elevated inflation will force the Fed to tighten policy faster than expected. Higher rates means future profits are worthless today and that's hurting growth took, especially technology. Right now,

NASDAIC futures are down one point eight percent. What could come to the rescue is company profits strategist at JP Morgan Chase to say global corporate earnings will deliver significant beats this year. Live to New York. I'm John Tucker, Bloomberg Daybreak, John, thank you. We're also seeing oil on the move this morning. Brent crude is trading at the highest level in more than seven years. We get more

from Bloomberg's Paul Wallace and Dubai. The strong consensus that Omicron is not going to have that much of an impact on oil demand. And at the same time, you've got some of the world's biggest produces oil produces, including many OPEC members, very much struggling to raise production. So the thinking is that, especially as we go further into the year, when demand should be rising quite strongly, we're

going to see supply problems. Bloombergs Paul Wallace as Goldman sax is predicting one hundred dollar oil in the third quarter and checking prices right now, nine max screwed oil is up about one point eight percent at at eight twenty nine cents of barrel. Brent is up one point three eighties seven dollars sixty cents. Earnings is the other

big item to watch this morning. Karen Bank results continue to roll in this week, and Goldman Sacks reports ahead of today's opening bell, and we get a preview from

Bloomberg Global Finance correspondent Sali Bask. We've had the first set of earnings for JPMorgan City Group and Wells Fargo, and with fixed income trading expectations pretty much below expectations for the biggest of the firms, that sets the bar pretty high for Goldman Sacks, which has had a banner year in commodities trading, the hope is that they will outperform expectations. Yet we're also going to watch expenses because those traders will need to get paid more to be retained.

At JP Morgan, expenses are going up and the expectation is the same for Goldman Sacks. So what will profitability look like moving forward? In New York? Um Shinnali Bask, Bloomberg Daybreak, Shenelle, thank you. Let's turn to the pandemic now. The latest debate centers on whether the pandemic is now shifting to an endemic that would put COVID nineteen on even footing, which is just like the flu. Dr Anthony

Faunci says it's too early to tell. There's an open question as to whether or not omicron is going to be the live virus vaccination that everyone is hoping for, because you have such a great deal of variability with new variants emerging. Dr Anthony Fauci made the comments yesterday at the World Economic Forums Davos Agenda online conference. Meantime, Karen, we're getting early results from Israel on the effectiveness of a fourth vaccine dose. Let's get the details on this

new study live from Bloomberg. Johnia Young, Good morning, Rinita, Good morning Nathan. A trial in Israel shows that a fourth dose of COVID nineteen, the vaccine from Fiser, that is, it, only offered partial defense against the omicron variant, and overall, the lead researchers says shots which were more effective against

the previous strains, offer less protection with O macron. Israel started rolling out a fourth dose to some residents back in December, but the lead researcher says results did not support a wider rollout of the whole popular lation, and last week, the European Union warned that frequent COVID nineteen boosters could weaken the immune system. And may not be feasible live in New York. I'm gonna need a Young Bloomberg daybreak. All right, we need to thank you by

the pandemic is once again impacting the Olympics. China's halting take his sales to the general public. Instead, Beijing will invite select groups of spectators to attend the games to begin more from Bloomberg Yvon Van in Hong Kong. This is quite a reversal because originally the plan was to already banned foreign spectators, but they were supposed to allow residents to be spectators for the Olympic Games, and they were supposed to operate in this sort of closed loop system.

But that is all changing as we speak. Bloomberg y Von Man says these changes come just three weeks before the Olympic Games kickoff and Beijing turning to Europe. Now, Karen, political turmoil isn't focused in the UK. A former top aide to Boris Johnson's accusing the Prime Minister of lying about parties held at Downing Street during the pandemic. Let's go to London hit the latest from Bloomberg's U and Potts.

You and good morning, Nathan and Karen Dominic Cummings says the UK leader was aware of and permitted a drinks party at Downing Street at the height of the strict lockdown in the first wave of the pandemic. That account from the former top aide to the Prime Minister, who's been outspoken in his criticism, conflicts with what Boris Johnson recently told parliaments in London. I'm neumpots Bloomberg day Break,

all right new and thank you. Back here in the US, depending rollout of five G service is hitting fresh roadblocks airlines, who are in federal officials of catastrophic disruptions if wireless companies continue to deploy five G services. Amy Morris has the latest from our Bloomberg newsroom in Washington. The trade association Airlines for America warned the traveling and shipping public could be impacted by the new signals, which they say

could interfere with altitude measuring instruments. A T and T and Verizon already have an agreement with federal regulators to launch this news service on January nine, and a momo to staff seen by Bloomberg News. Jet Blue CEO Robin Hayes says the airline faces quote the potential for significant disruptions to flights starting tomorrow in Washington. I maybe more as Bloomberg Daybreak part Amy thanks SMP Future is now down fifty six points down. Futures down two nastack futures

lower by two points. Straight ahead your latest local headlines and a check of sports. This is Bloomberg in sound six oh seven on Wall Street where thirty one degrees in Central Park. We got an accident in Queen's westbound l I E a junction boulevard. Details coming up in traffic First Michael Barr with more on what's going on in New York and around the world. Michael, thank you

very much. Nathan. Police in New York City say the man accused of killing a woman by pushing her into the path of a subway is homeless, emotionally disturbed, and under police guard at a hospital. Marshall Simon is expected to be a rain for killing forty year old Michelle Go Saturday morning in the Times Square subway station. The killing comes less than a month into the first term of Mayor Eric Adams, who campaigned on making the city safer. But you haven't it like this. The perception is what

we're fighting it gets. Adams also says the victim was a management consultant and did volunteer work to health homeless. New York Junior League president Dana Cassidy she clearly had a very strong passion for working one on one with these populations in need. Cassidy called Go a compassionate soul. As for the sixty one year old suspant. He was arrested and confessed shortly after. The Senate the schedule to debate of voting rights bill today, allowing more access to

the ballot box. The measure is expected to face a Steve hurdle when Senate Democrats challenge the filibuster rule that requires sixty votes to advance legislation. Since the election, nineteen states have passed bills restricting access to vot it. Senator Kirsten Gillibrand says a nineteen story building that was ravaged by a deadly fire earlier this month should not be exempt from having a sprinkler system installed, no matter how old it is. Senator Gillibrand toured the nineteen story build

Holding and the Bronx where seventeen people were killed. We also learned from the firefighters that an old building like this as grandfather didn't, doesn't have sprinklers. That's unacceptable. Senator Gillibrand and Congressman Richie Tourists, who represents that section of the Bronx where the fire happened, or sponsoring legislation to

have heat sensors and apartments. A year old report by Washington's Afghanistan Watchdog has now been be classified and shows that had worn back in early at the Afghan Air Force would collapse without critical U s aid and training. That was months before President Joe Biden announced the end to America's longest war. Officials are still waiting to learn the full extent of damage, number of casualties in the Pacific island of Tanga after a series of undersea volcanic

eruptions triggered a powerful tsunami. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists and analysts and more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg Naked. Thanks Michael, coming up to sixth cent on Wall Street time for the Bloomberg Sports Update. Here's Johnstown thanks Nathan. Looked like Odell Beckham was going to be a star wide out for the Giants for a long time.

The Giants came a big contract and then the recently departed gentle manager Dave Gentleman famously said, well, we didn't sign him, to trade him, and then he traded him to Cleveland. Didn't work out there. Breckan went to the Rams. He was a big factor in their playoff win. Last night. Here comes to sat to Stafford, Look, you left, probably left the fade to oh b JD with a two hited crowd cuts down, oh b J cut down radio call. Beckham later through a forty yard passed. The Rams led

the Cardinals twenty eight and nothing. They won thirty four to eleven. Matthew Stafford, his first season in l A, does something he never did in his twelve years in Detroit. He wins a playoff game and the Rams go to Tampa Bay on Sunday. The Giants search to replace Ace. Kettleman has seen them conduct nine zoom interviews. Reportedly, they've cut the field to five, will not begin to bring candidates. And Nixon won three in a row, five straight at home,

and Charlotte was without it's young star LaMelo Ball. Yet that's the guard and the Hornets won easily. Nineties seven eighties seven was only that close as the Knicks made up some grandits end. Miles Bridges thirty eight points for the Hornets. He had twenty two in the first quarter. Another home game tonight, Nixon, Minnesota. The Nets without the injured Kevin Durant lost at Cleveland one fourteen to one oh seven. Katie is gonna be out for the next

four to six weeks. The Islanders coming on up to the slow start of four one win over in Philadelphia Battle of Brooklyn. L I. You beat St. Francis Dan Daniel Medvedev's he went up the Australian Open. He's now the top seed without Novak Djokovic. Layla Fernandez lost her first round match. She went to last year's US Open. Fun John stash Award Bloomberg Sports Nathan, thank you John SMP futures down down fifty three points, sound features down twountre sixty six n that futures are lower by two

eighty seven points. The ten year down seven thirty seconds yield one point eight zero percent. You're listening to Bloomberg Daybreak and Bloomberg Daybreak is brought to you by Audie. Don't let someone else drive off in the outie model. You've always wanted to 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 Out and at Bloomberg Quicktake.

He's a Bloomberg Business Flash and I'm Cameron Moscow. This update brought to you by Interactive Brokers. Trade crypto for less coin with commissions just twelve to eighteen basis points and no hidden spreads or markups. Learn more at ivy k r dot com. Slash crypto. Treasury yields are surging, nowsdack Future is tumbling, and global stocks being dragged down by concern that central banks will have to raise rates

sooner than expected. If we checked the markets every fifteen minutes about the trading day on Bloomberg, SMP future is down fifty three points this morning, down features down two hundred sixty nine, nasdack futures down two hundred seventy seven, down one point eight percent. The decks in Germany's down one point to percent ten your treasury down seven thirty seconds. He had one point eight zero percent. They yield on

the two year one point oh three percent. Nine x Screwed oil is up one point eight percent, up a dollar forty seven at eighty five dollars twenty nine cents of barrel comes goal down three tons per cent or

five dollars fifty cents at eighteen eleven. Announced the euro one point one three nine zero against the dollar, British bound one point three six one four, the unit one fourteen point seven zero, and bitcoin this morning at forty one thousand, nine hundred dollars and Goldman Saxes among companies schedule to report earnings today. That's a Bloomberg business flash down. Here's Michael Barr with more on what's going on around

the world. Muckel Karen, thank you very much. Senators are returning to Washington under intense pressure to cast voting legislation in the face of star criticism from civil rights leaders. The Senate is sent to launch debate today after civil rights leaders implored them to change the rules and break a Republican led filibuster that has stalled the voting bill.

A trade association representing major US airlines asked Transportation Secretary Pete Budajage and the nation's top communications and aviation regulators to prevent wireless carriers from implementing five g S services close to airports. In the NFL, the Rams rolled over the Cardinals thirty four eleven. So here is the breakdown for the divisional round playoffs. In the NFC, the Rams face Tampa Bay. Green Bay hosts the forty Niners. In the a f C, the Bengals are at the Titans,

the Bills are at the Chiefs. In the NBA, the Next and Nets lost the Celtics and Wizards won. In the NHL, the Islanders won Global news twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty d journalists and analysts and more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, Okay, Michael, thanks for coming up to six twenty on Wall Street Line from the Bloomberg Interactive Broker Studios. This is Bloomberg

day Break. We want to get an update on the pandemic now as we're starting to see debate building over whether the omicron variant is going to be what brings us from the pandemic to an endemic when it comes to COVID nineteen. Let's get some insights now from Gig ground Wall, professor at the Johns Hopkins Bloomberg School of Public Health. I want to get right into this, Dr Groundwall. Dr Fauci says it's too soon to say whether O

macron is the variant that makes COVID endemic. At the same time, we've heard from the CEO of findser Albert Borla, saying we may get somewhere closer to normal by the spring. Where do you see things going in terms of the pandemic, Well, I think both of those things could be sort of true. We we really don't know where things are going to go. UM there's no law of nature that says that there couldn't be another variant of concern that will have to

deal with. But omicron is going to keep causing in fact sin well, and it's not quite done with the world yet too, So I don't think we're really at an endemic stage. But hopefully UM there will be a lot more immunity in our population at the end of this UM so that we can be a little bit closer to normal. What do you look for to determine whether we are getting closer to the endemic phase. I would like to see hospitals not be quite so strained um right now, we have so many new infections that

are landing people in the hospitals. Thankfully, macron is um is milder than delta, but perhaps not much milder than the original version of of stars copy too, So we we need to still try to convince those who haven't yet that vaccination is going to save their lives and uh and and also save our healthcare because lots of lots of surgeries and things that people really need to have done are being canceled right now because hospitals can't do.

When we see O macron apparently presenting as less severe than earlier, strange, what does that say about what the next variant could look like? The next variant of concern couldn't go one way or the other. Well, virus is evolved to be more transmissible. They evolved to to cause more infections UM, to be able to spread further. That's that's how that's part of their their fitness UM. They how how much damage they do to the host. UM

is really pre variable. So there's no there's no reason why another variant couldn't be more dangerous than a macron, but um, hopefully it won't. And there's really just a matter of surveillance and trying to pick this up as soon as possible. Where do you see our surveillance looking right now? Are are we doing adequate surveillance of COVID as a country? We are sequencing a lot of samples, UM,

a lot more than we had before. The problem is is the delay, Um, the the information is not getting to the hands of public health as quickly as as would be ideal. UM. I think part of that is because we don't have this in the public health departments we have UM, we still have public health departments that that hopefully not too many that use tax machines. So it's it's really about we need to modernize the public health so that they can use these tools and so

the decision time isn't as long. In our last minute here, Dr gran Vala want to get your reaction to a new study out of Israel that suggests a fourth dose of fiser beyond tech vaccine might not be effective against oh macron, does that imply something about the need for boosters. We will have to see. Um, they have very careful controlled studies in Israel. They have a lot of data on people so that they can monitor the effect of

these um, of these additional vaccine doses. Is um, it looks If that's the case, then uh, then we'll have to see whether a more specific booster, perhaps two a macron that's designed to counter a macron or the next variant or will be better. So UM, we have to go with the data that we have. All right, thank you as always. Gi grand Ball, Professor at the Johns Hopkins Bloomberg School of Public Health, which is supported by Michael Bloomberg, the founder and majority owner of Bloomberg Radio's

parent company, Bloomberg LP. Right now, SMP futures are down fifty four points down, futures down two undred seventy five, NAZAC futures down two point two eight two points. That's a decline of one percent. The tenure Treasury is down seven thirty seconds, the yield one point eight one percent, yield on the two year one point zero three percent, and i'm x screwed up one point seven percent, up a dollar forty five at eighty five dollars twenty seven cents.

The barrel just had while the latest on the market sell off and Goldman Sachs set to report earnings as we check the five things you need to know to start your day on Bloomberg Daybreak, Bloomberg eleven three oh weather sunny, breezy, a high in your thirty five today, mostly cloudy, mid forties, Tomorrow with a wintry mess Tomorrow night, all end early Thursday, in turn, partly sunny with a

high in your thirty five currently thirty one degrees. Broadcasting live from the Bloomberg Interactive Broker Studio in New York. Bloomberg E living free to Washington, d C, Bloomberg N one to Boston, Bloomberg one O six one to San Francisco, Bloomberg sixty to the country, Sirius XM chto one nine team, and around the globe to Bloomberg Business app and Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's six thirty on Wall Street. Good morning. I'm Nathan Hagar and I'm

Karen Moscow. We're just about three hours away from the open of US trading. Time for the five things you need to know to start your day. Brought to you by Interactive Brokers Global Analyst. Global Analysts helps you find new global investment opportunities to diversify your portfolio and discover undervalued companies. Try Global Analysts today at I b k R dot com slash g a up. First, stocks are falling and treasury yields are climbing to begin the week.

Can we get the details live with the Bloomberg's John Tucker John Karen Markets pricing in a more aggressive rate high path from the fat as it looks to stomp out inflation to year treasury yields staring above one percent for the first time since twenty Higher rates mean future company profits are worthless. I'm not hurting growth stocks right now.

Now's their futures down one point eight percent. And JP Morgan's fixed income chief Bob Michael is warning stock bulls not to believe the Central Bank will meet every market hiccup with easier policy line than New York. I'm John Tucker, Bloomberg Radio and John Oil is extending games this morning, hitting the highest level in more than seven years. Geopolitical tensions in the Middle East and easing concerns about the

pen emmac are being cited for the search. Right now, Nimex screws up one point seven percent at eighty five dollars twenty seven cents of barrel, while Brent is up one point three percent at eighty seven dollars fifty nine cents. Nathan. Fourth quarter earning season cakes into high gear this week. Goldman SAX reports This morning, we get more from Bloomberg's Larry Kovsky. Goldman's investment banking fee strength will be a highlight.

According to Bloomberg Intelligence, Trading revenue should be solid, with equity is doing better relative to fixed income compared to a year ago. Costs, especially compensation trends, will help gauge the profitability outlook for two Laury Kowsky, Bloomberg day Break. All right, Larry, thanks, turning to the pandemic. Now, we're getting early results from an Israeli study involving a fourth vaccine does so, let's get the latest lie from Bloomberg.

Jonita Young, Granita Nathan. A trial in Israel shows that a fourth dose of Visor's COVID nineteen vaccine only offered partial defense against the omicron variant, and overall, the lead researchers says shots which were more effective against previous strains, offered less protection with O macron, but it's worth noting that these in the study had only slight symptoms or

none at all. Israel started rolling out a fourth dose to some residents back in December, but the lead researchers's results did not support a wider rollout to the whole population. Live in New York, I'm gonna need a Young Bloomberg daybreak, need to thank you. Another story we're watching has depending

rollout of five G service hitting fresh roadblocks. US airlines rewarding of catastrophic disruptions from tomorrow's scheduled deployment of five G wireless service, A trade organization urged government regulators to prevent five G from being implemented within two miles of anywhere aircraft fly. And it's now six thirty three on Wall Street, thirty one degrees in Central Park. We're still dealing with a crash on the westbound l I E

at Junction Boulevard. Details coming up in Traffic. First Michael Barr with more on what's going on in New York and around the world. Good morning, Michael, Good morning, Nathan. Police in New York City say the man accused of killing a woman by pushing her into the path of a subway is expected to be arraigned. Marshall Simon, who was Ulissa, is under police guard in a hospital for killing forty year old Michelle Goes Saturday morning in the

Times Square subway station. Go did volunteer work to help the homeless. New York Junior League President Dana Cassidy compassionate soul who wanted to be rewarded by that direct impact in directly working with those individuals. Junior League President Cassidy says Go was also a consultant with a management firm, Deloitte. New York City Mayor Eric Adams is enjoying high favorability

ratings in his first couple of weeks in office. According to a new Ciena poll out today, overall, six of city residents have a positive impression of the former police captain, compared to a fifth who have a negative opinion. Senators are returning to Washington under intense pressure to pass voting legislation in the face of star criticism from civil rights leaders. The Senate set to launch debate today after pressure to change the rules and break a public and led filibuster

that installed the voting bill. Members of the College Ville, Texas synagogue that was the scene of a hostage siege Saturday, held a healing ceremony last evening. Four members of the Congregation Beth Israel, including the rabbi, were held for ten hours before escaping unharmed. Rabbi Charlie Creighton Walker led the service. We stand together against hatred, bigotry and violence. We stand

together and love and support of each other. The suspect, identified as British national Malik Faissil Akram, died at the scene. Athletes headed to the Olympics next month of being warned about the security of their cell phones Bloomberg's said Baxter reports. The athletes are being told that the Great Firewall will be partially disabled inside their Olympic bubble and they will

have access to Facebook and YouTube. But along with that, the US and allies are warning that some companies that accuses of installing spyware and malware already are Olympic sponsors, and that they could spy and affect phone usage in the future. Larry Diamond, senior fellow at the Hoover Institution, suggests buying a cheap burner phone to use and leaving

the expensive smartphones at home in San Francisco. I met Baxter Bloomberg Gay Break Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven under journalists and analysts more than a hundred twenty countries. Michael Barr, This is Bloomberg, Nathan, Thanks Michael. Just about six thirty six on Wall Street. Time for the Bloomberg Sports Update. Here's John Stash hour and eight to the first ever Monday night playoff game.

How much of a game? The fourth flowout of wild Card Weekend where home teams won five and one in l a side of next month Super Bowl. The Rams beat the slumping Cardinals Matthew Stafford's first career playoff victory through two touchdowns for Kyler Murray, two interceptions. One was cast. I need a call for hurried to his rot takes us that sets the laces, bounces in the pocket, hit from behind, clocked it forward, intercepted, intercepted David Long Junior

flux it at the one. He's got an interception return for a touchdown. Lams Radio the call Rams one thirty four to eleven hild Arizona just a hundred eighty three yards of offense. The Cardinals began the year seven and oh. Just last month they were in NFL Best ten and two, and then they finished going one in five. The Rams advanced play Sunday at Tampa Bay. The Raiders fired Joinal, manager of Mike Mayock, not knowing about Rich Casaccia, who

finished the season as interim coach. The Cowboys say no plans to fire. Mike mccarthon w to play for the loss. MLK mattenee at the Garden, one of the knicks worst games, trailed Charlotte by eighteen at the half. The Hornet's one nineties seven, eighties seven Miles bridges for the career I thirty eight Knicks smith ten free throws at fifteen turnovers their home again tonight playing Minnesota next began life without the injured Kevin Iran lost in Cleveland one fourteen one

oh seven. Kyrie Irby led Brooklyn with twenty seven nets. Are playing a lot of road games right now and they are the only games that Irby can play there in Watsonton Tomorrow, Islanders at home beat Philadelphia four to one. Got to with an game a five in San Jose, a club record five goals with a Shark's team. Oh myyer, he had a hat trick bill in the first period. John Scary Shoulder Bloomberg swards something all right, John, Thanks sixty seven On Wall Street, time to take a look

at stocks. Some of the names moving in the pre market as the sell off continues were joined by Bloomberg. Radio and TV markets correspondent Creedy Gufta. So we are seeing a broad equity sell off this morning, Creedy, And I'm sure you're watching bank stocks ahead of Goldman earnings exactly well abroad sell off. Indeed, you would think that with those yield hired that would mean the financials are highed to. They are not, Nathan, especially as you come

across those earnings. A lot of that kind of uh expectations built in from last week's earning story. And gonna look at Goldman sacks here, because that's the big bank everyone's waiting for this morning. G s as your ticker down four tenths of a percent. P n C is the other regional one that you want to keep an eye on. P n C is also the ticker down two point six percent. In the pre market. Like you said, with yields higher, the expectation was that financials should be

higher as well. But yeld curve is also flattening, which would affect those interest rate margins that you would get on those loans, especially after last week's big earnings Miss JP, Morgan City, Wells, Fargo, Uh, some kind of not so whatever. The optim the opposite of optimisms pessimism. There. You got some pessimism going into Goldman's earnings this morning. That being said, you also have some pessimism when it comes to those

big texts. Apple, for example, A A P L is your taker, down one point seven percent in the pre market. M S f T is a taker from Microsoft. Uh. Down two percent. Apple and Microsoft, you're actually two of dan Ives calls that he's still bullish on. Remember, we'd like to separate those from the pack simply because they are hardcore tech companies as opposed to more media companies

like Facebook. For example, speaking of Facebook shares, where I should say meta platform shares, FB is still the taker, though down two percent in the pre market. Once again, as you see, yield hire tech is going to be extremely responsive, but right now a lot of selling is coming from those hedge funds, Nathan, along with higher yields creative. Of course, we're watching a big gains a rally in

the oil market this morning. What's that mean for energy stocks. Yeah, the one part of the market that's actually showing some green this morning. And this is really important because this actually has once again to do with hedge funds. It said hedge funds are driving the selling in tech. Well, they're also boosting their positions and oil. Part of that is that inflationary called the idea that the account of

the global economy still needs oil, it's still recovering. The other part of it is simply a geopolitical tensions hoothy rebels sending some drone strikes into the u a E. And some concerns that Russia can't meet its production obligations. All that boosting oil prices, and that is trickling into

the energy space. Like you mentioned, Occidental o x Y is going to be the ticker you want to keep an eye on, up one point two percent in the pre market, Apache as well, a p A up just shy of two percent, and lastly Devon Energy dv and up six tenths of a percent Nathan, thanks for this. Crety Bloomberg Radio on TV. Markets correspondent Credi Gupta with us this morning as we watch the selling continue more

broadly across the market. SMP futures are down fifty one point, staff features down two fifties six NASDAC features are lower by two d seventy four points. The tenure Treasury is down eight thirty seconds. The yield one point eight one percent, yield on the two year point one point zero three percent, and nimex screwed up one percent, up a dollar forty nine eight five thirty one for a barrel of West

Texas Intermediate. This is Bloomberg Bloomberg eleven three oh weather sunny, breezy, the high only near thirty five today, mid forties, mostly cloudy tomorrow, wintry mess tomorrow night. It clears out on a Thursday, partly sunny, high your thirty five degrees right now thirty one Markets headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business

apt and at Bloomberg Quick Tape. This is a Bloomberg Business flash, and I'm Cameron Moscow and futures are following this morning. We had the first word breaking news dask for today's morning call. Here's Bill Malow need Bill, good morning and good morning, Karen. That's right. US features are under pressure and made a jump in global bond yields. Do doubt you just currently down two dty five points has to be dropped fifty with then azdec futures are

lower by two and sixty four. The US ten U yield at one point eight two, Gold is down seven and oil is climbing with Brent jumping to the highest level since Bitcoin is little change, while RPM markets are also in the red this morning and back in the US on the economic Frinday thirty Empire Manufacturing and at

ten o'clock the NHB Housing market. The next. Regarding earnings this morning, look for Goldman Sachs report around seven thirty, and in other news, Bank of New York Melon assets under management, beat estimates, wrapping things up under Armor was raised out perform at BMO, Dollar General cut to equal weight at Morgan Stanley, and Conago was raised to buy

over at Goldman Sachs. Live from the first Cervating News desk on Bill Maloney can all right, Bill, thank you, and here live breaking news over her Bloomberg t have squawk on your ermin. I'll escue you 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. Later today, Senate Democrats will force a vote on the right to vote in every state,

even though the final bill will likely fail. Since the election, nineteen states have passed thirty four bills restricting access to voting. A fourth dose of the fives are by in Tech vaccine was insufficient to prevent infection with the omicron variant of COVID nineteen. That's according to preliminary data from a trial in Israel. In the NFL, the Rams rolled over the Cardinals thirty four eleven. In the NBA, the Nix

and Nets lost, the Celtics and Wizards won. In the NHL, the Islanders won Global news twenty four hours a day on air and on Bloomberg Quickdake, powered by more than twenty seven under journalist and analysts more than a hundred twenty countries. Michael Barr, this is Bloomberg. The following commentary is from Bloomberg Opinion. How the pandemic ripped a hole in working age America. I'm justin Fox, a columnist for

Bloomberg Opinion. Deaths among working age Americans were up more than fort over pre pandemic averages last summer and fall. For a few weeks in August and September, they were up by more than six Most of these excess deaths were directly attributed to COVID nineteen many that weren't. We're probably COVID related for Americans. Overall, the summer COVID wave was less deadly than last winters. For those under sixty five,

it was much worse. The most obvious explanation is simply that those under sixty five are less likely to be vaccinated against COVID than their elders. COVID deaths among working age adults have been almost entirely among the unvaccinated, and the overall increase in deaths was much higher in low vax states than HIV as ones. Life insurers have taken note and have been raising premiums in low vax areas. I'm justin Fox. For more opinion, please go to Bloomberg dot com, Slash Opinion or O P I N go

on the Bloomberg terminal. These has been Bloomberg Opinion and Bloomberg Opinion commentaries can be heard every weekday at this time and terminal customers can read more at O p I n go. It is six fifty on Wall Street. Returned to news and science and Technology now with a Bloomberg n j I T STEM report brought to you buy New Jersey Institute of Technology, which announced that renowned scholar and educational leader of Dr Tech Limb will join

the university is nj 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 study from Israel found that a fourth dose of the fiser bi on tech vaccine was not enough to prevent infection by the Omicron variant. As you've been reporting. Researchers say the vaccine did raise antibody levels, but that only offered a partial defense against omicron. Get ready to

learn more Greek letters. Scientists wore in that Omicron's whirlwind advance practically ensures it will not be the last version of the coronavirus to the world. Every infection provides a chance for the virus to mutate and Omicron has an edge over its predecessors. It spreads way faster despite emerging on a planet with a stronger patchwork of immunity from vaccines and prior illness. And Asia's richest man is buying a majority stake in an India robotic startup company to

fuel his tech ambitions. Billionaire Mukesh and Vonnie is investing in adverb Technologies, which uses robots to make e commerce, warehouses and energy production more efficient. And Bonnie is investing in technology as competition from rivals such as Amazon intensifies in India's booming e commerce market, and as a Bloomberg and j I t Stem report. Nathan thanks Karen Rely from the Bloomberg Interactive Brokers Studios where it's just about six fifty two on Wall Street Time now to check

what's going on in DC. Some of the top stories in our nation's capital include the Senate getting ready to debate voting rights after Martin Luther King Day march in Washington, vulnerable House democrats calling for a new strategy on build back Better, and a bipartisan Senate delegation meeting with leaders in Ukraine amid rising tensions with Russia. Let's bring in Bloomberg government reporter Emily Wilkins for all that's happening in

the nation's capital following the Martin Luther King holiday. We are watching for that Senate debate on voting rights to begin as soon as today. Emily, Yes, Senate is gonna be back today and we do expect that debate to begin, um could potentially go into tomorrow, maybe even a little bit later in the week. This will sort of given the chance for lawmakers UM, Democrats and Republicans to talk about the bill. For Democrats their support of the bill,

but it's ultimately going to wind up with the bill sailing. Uh. It needs to clear another sixty vote threshold if it wants to continue. Right now, it just doesn't have the vote to do that. Even though all Democrats support the bill, um, they don't have those ten Republicans who support it as well. And so this is something that when you talk to Democrats about the importance of this, they talk about the ability to debate the bill, to say their piece, to

message on it a little bit um. But at this point, there there's really no sign that this is going to wind up changing any sort of laws. But what about the idea of changing Senate rules to get the bill passed, the idea of changes to the filibuster. What kind of pressure is there on the Democrats who have been sort of resistant to that idea. There is a lot of pressure on senator's Doe Mansion and Kristen Sinema, But to be honest, the pressure has been on them for a while.

And Senator Kristen Cinema made it very very clear right before the Senate left on Thursday that she was not going to be supportive of any sort of change to the Senate filibuster rules, and you would need her support to go along with things. It sounds like Joe Mansion is not sweet either. I mean, look, people talk about putting pressure on Joe Mansion and Kristen Sema. I feel like this has just been a huge theme of the last year. Just put pressure on them, put pressure on them.

We've seen internal pressure, external pressure, pressure from the White House, pressure from their colleagues, pressure from activist groups. At this point, there's really no indication to those of us who watch and follow Congress that Mansion has moved at all on this issue. In fact, they seems he and Christians Unrestums have only grown grown further entrenched into the idea that they need to keep the Fellarbuster as it is something I know you're watching very closely. As well as progress

on President Biden's economic agenda. It seems like that have been pushed off to the side a little bit with the focus now on voting rights. But we're starting to hear a lot more calls from vulnerable Democrats in the House heading into the mid terms for a change in strategy so they can run on something when in terms of an economic agenda, yeah, I mean, Democrats really do

want this build path. Even the Democrats who are a little more moderates might not be supportive on everything in the bill, realize that they're really components in there that they can run on for their base, that Democratic voters want, and that they can really how to to their constituents back home. And so you are seeing them begin to ask to say, hey, let's go ahead and break this building. Maybe let's move on with certain pieces of trying to

find another way to do this. We are are also seen um reporting from Reuters this morning saying that the White House is working on a new proposal for the so called build dock better plan that would keep climate change measures, but it would peer down items like the child text credit and pay family leave. And this is really in line with what Senator Joe Manson was calling for. He said that these programs should be much more targeted,

much more specific. UM. But he has been a supportive of some of the climate provisions that are currently in the legislation. So we're going to see White House officials going up to Congress this week trying to talk with members and and trying to make some progress on this bill. In our last minute here Emily, before the Senate begins the debate on voting rights. This week, a handful of

senators have been in Ukraine. Yes, five partisan group of lawmakers went to Ukraine with the idea of showing the US support and commerce is support for Ukraine as they face these continuing tensions with Russia. UM. The lawmaker said it. With their goal was just to send a very clear message about where they stand if they stand with Ukraine. UM. This comes as you know, there has been sort of further tension UH, seeing Biden, UH and Putin have discussions.

You've seen the US kind of teams start to prepare and start to discuss what would happen in the event of an attack. You've heard a lot of discussion about potential sanctions that the US would place on Russia if there were to be a Ukrainian invasion, But certainly lawmakers are hoping that it that it does not get to that point. Um once again, I mean deserved that. The big picture here is that this has proved a distraction to some degree for President Biden for his ultimate goal

of focusing on Beijing and focusing on China. But with these troop build up at the border, it's something that he and Congress have really had to turn their attention to. Heading into a very busy week in Washington as President Biden gets set to close out year one this week. Bloomberg Government Report Emily Wilkins. Thanks for this. You can read more at Bloomberg dot com or on the Bloomberg terminal. Listen to Bloomberg Radio in Washington Bloomberg and one oh

five point seven FM h D two. Sell off continues for equity futures, S and P futures right now down fifty two points, staff futures down two hundred fifty nine. Mastack futures are lower by two d seventy eight points. The ten your Treasury is down eight thirty seconds, the yield one point one percent, yield on the two year one point zero two Bitcoin forty one, eight hundred dollars. Bloomberg surveillance is next for Karen Moscow. I'm Nathan Hagar. This is Bloomberg