Bloomberg Daybreak: January 31, 2022 - Hour 2 (Radio)

North Korea confirms the chest fire to mid range ballistic missile. Over the weekend on Mike La blar More a half Poptown Stattower, and sports on the Med, the Bengals and Rams playing Super Bowl fifty six in l a I

win for the Rangers, the Islanders locked. That's All straight Ahead on Bloomberg day Break on Bloomberg eleven Trio, New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x M one nine Team, and around the world Old on Bloomberg Radio dot Com and via the Bloomberg Business Set. Good morning, I'm hear

at Moscow. I'm Nathan Hager. Bloomberg Day Break brought to you by Interactive Brokers i v k R charges margin loan rates from zero point seven five to one point five nine percent, rates subject to change. Learn more at ib kr dot com. Slash compare. SNP futures are little change this morning at six oh one on Wall Street. We checked the markets every fifteen minutes throughout the trading day on Bloomberg. Right now, SNP futures again are little change.

Own Future is down, nowsday Future is up seventy seven. Ten year Treasury down four thirty seconds, YELD one point seven eight percent, and the yield on the two year one point to zero percent. Nathan, Well, Karen, We begin this morning with the Fed and speculation about whether a rate hike in March could be bigger than initially expected. Let's get the latest live from Bloomberg's You Need a

Young Good morning, Granita, Good morning, Nathan. The Fed could raise the benchmark rate by fifty basis points if there's a need to be more aggressive when in flent. That's what Atlanta Fed President Rephael Bostick told The Financial Times, adding that all options are on the table for every FED meeting if needed, but he stuck to his prediction that three quarter point increases starting in March is the

most likely scenario this year. Meantime, Goldman Sachs Presents predicts the FED will raise interest rates by twenty five basis points five times this year. Live in New York, I'm gonnit to Young Bloomberg Daybreak, Nita, thank you. As we spend the next six weeks reading tea leaves from the Fed. We'll get a concrete look at the labor market this Friday,

the Fed and Investor. So we're paying close attention to the January jobs report, and we get a preview from Bloomberg's Viney down judas the data could provide insight on the highly contagious Armcron variance impact on the economy. Economists are forecasting a tepid December increase one hundred seventy five thousand or so after November's weeker then forecast showing jobless claims jumped last month. Is COVID nineteen four businesses to

closed temporarily or throwing the town electric. Two years of pandemic turbulence Benny Deryl, Judea Ice Bloomberg, Baby all right, Vinnie, thank you. In Asia, overnight, we got a tap in reading on the world's second largest economy, China's manufacturing sector expanded at a slower pace in January. Bloomberg Gay Break Asia anchor Brian Curtis has the details. The official p m I declined to fifty point one, that was just

above the estimate of fifty. The non manufacturing gauge fell to fifty one point one, also just above the forecast. A number of issues here, a seasonal slowdown, COVID nineteen outbreaks, and a weakening housing market. Also, the government ordered steel plants to cut output, that's to reduce air pollution ahead of the winter Olympics. In the meantime, that shishin pm I dropped to forty nine point one, and that was the worst in almost two years. Brian Curtis, Bloomberg day Break, Brian,

thank you. In Europe, central banks and economic data are also and focus. This week. We had a key right decision by the Bank of England on Thursday. Let's go to London and get the latest or the Bloomberg's You in parts You and Good morning, Karen and Nathan. The UK could be heading for its first back to bat rate hike in seventeen years. Economists in Bloomberg's survey reckon the Bank of eng Them will raise its key indust

rate to no point five percent this week. Forecasters also expect the Central Bank to confirm it's stopped reinvesting in bonds that are matured. This comes to the bank having and battles surging. Inflation now at five point four percent, the highest in thirty years. In London, I'm you in parts Sploomberg day Break. Thanks you. In politics, also center stage in Europe, after six days of voting in Italy's parliament, Sergio Matarella has been re elected president. We get the

details from Bloomberg's fancy Lakwise. In Rome, after almost a week of films, votes to elect an alternative candidate was reelected. As it to these, President Mario drawn the prime minister. It was initially seen as the top contender for the job, and he made it clear he would be keen to become head of state, but lawmakers and feared to return to political dremoil without drawing as Prime Minister. In the end, it was drawn himself. Last much well to remain in office.

Bringing the week long stale meet in Rome. Francin Laqua Bloomberg day Break, Thanks Francine. Geo Political tension in Eastern Europe is also on the agenda this week. The United Nations Security Council meets today regarding concerns about Russia invading Ukraine. Bloomberg said, Baxter has the story. The Pentagon says Russia continues to build up troops on a day to day basis. US Ambassador of the UN Linda Thomas Greenfield says today

is actually a chance for Russia. Are the reason we're calling for this meeting on Monday is one more opportunity to find the diplomatic way out for for the Russians. But she says, the others are to talk further actions from sanctions to troop build up and to see where other nations stand. In San Francisco, I'm at Baxter Bloomberg day Break, Thanks had that tension over Ukraine, along with sustained global demand, is giving a lift to oil. Crude is on course for its best January in three decades.

Checking prices now, Nimex crudes up nine tenths per cent at eighty seven dollar sixty cents. Barrel Brent is up one and a half percent at ninety cents. On the corporate front, this morning, Nathan, Spotify is in the spotlights as you're spunding to controversy over COVID misinformation from Joe Rogan's podcast, we get a story from Bloomberg's Lisa Mateo. In an Instagram video, Rogan apologized and pledged more balanced

and better research for his podcasts. The comments come after Spotify outline steps it will take to halt the spread of misleading information about COVID. Rogan has hosted several outspoken skeptics of the vaccine. Last week, singers Neil Young and Joni Mitchell pulled their music from Spotify to protest Rogan. Almost four billion dollars was white from Spotify's market value last week. Lisa Mateo, Bloomberg, Daybreak and Lisa's Spotify wasn't the only stock to take a pounding last week. So

did robin Hood. It's dropped to a record low, and on Friday, Kathy Woods Arc Investment Management bought nearly two and a half million shares. Robin Hood still trades sixtent below its I p O price. And Nathan, there's also possible deal this morning. Bloomberg News has learned that Elliott Investment Management in Vista Equity are nearing an agreement to buy software maker Citrix Systems. The deal and value the

company's equity at about thirteen billion dollars. And straight ahead your latest local headlines plus a check of sports, and this is Bloomberg. It's tearing at six o seven on Wall Street. Another chilly morning in New York City, twenty degrees right now, still dealing with a westbound accident on the belt Parkway at jaff Care for its tails coming up in traffic first, Michael Barr with what else is going on in the city and around the world. Michael,

thank you very much, Nathan. New York City will provide free anti viral pills home delivered two people who test positive and are at higher risk from COVID. Nineteen. Mayor Eric Adams at a news conference yesterday in the Bronx says, we want to make sure that no one with COVID has to move throughout the city. New York is one of the only places in the nation where we are doing this free delivery. Adams also shared the latest data

on COVID rates in the city. Hospitalizations are down, COVID deaths are down, and that is because of the hard work of everyday New york Is that are doing the right thing around vaccine nations and boost the shops. Mayor Adams says the pills would be delivered in partnership with Alto Pharmacy. North Korea has confirmed it test launched and intermediate Arrange ballistic missile capable of reaching the U. S territory of Guam, in his most significant launch in almost

five years. North Korea said the test verify the accuracy of the Wassan twelve missile. White House officials said North Korea's escalating provocations have become increasingly concerning. Chessly Christ, the nineteen winner of the Miss USA pageant and a correspondent for the entertainment news program Extra, has died. New York City Police said Chris, who was thirty, jumped from a

Manhattan apart and building. Senate majority leader Chuck Schumer of New York says he is pledging to push for one point five billion dollars of the federal budget to go to the a t F to combat the interstate gun trade. We're Gonna asked him to direct that money to particularly go after gun trafficking, the Iron Pipeline, and a special task force that they have set up to deal with states that export guns. Senator Schumer says the gun trade is responsible for of the gun violence in New York.

New York Republicans Nicole Meliatakas and Claudia Tenney would have to find a way to appeal to opposition party voters under a revamped congressional district plan. The proposed map, released Sunday is designed to maximize the prospects for Democrats ahead of the November election. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than seven hundred journalists analysts more than a hundred twenty countries.

Michael Barer, this is Bloomberg. Nathan. All right, Michael, thank you almost six cent on Wall Street. Time for the Bloomberg Sports Update with John Stanshower. Nail the Bengals and Rams Super Bowl fifty six in l A. And if the game is anything like what we've seen in the last two weekends, we'll have a close super Bowl. The last six playoff games, five decided by three points and the other by six, and that one overtime to double

digit comebacks another overtime. In the conference championship, Cincinnati came from eighteen down to win in Kansas City twenty four n ot. The Bengals, led by their young quarterback Joe Burrow and their rookie kicker Evan McPherson, four field goals in all three of their playoff wins, no misses, twelve for twelve, the one in ot set up by an

interception thrown by Patrick Mahomes. He came back to Earth after last week, so Robis had a strong start yesterday, but Mahomes and the Chief denied a third straight AFC championship. The Rams, led by Matthew Stafford rallied from ten down in the fourth quarter touchdowns, second of the game for Cooper Cup and then two field goals. They took the lead on the forty niners with under two that's left, and then sealed the victory factor Garoppolo pocket crumbling, he

spins out, he's hit, he's wrapped up. He flipped it forward. It's deep. Hits intercepted, hit dintercept in hit detercepted. Very Donald's got quite run the rock below and Traven Howard plitches the NFC Championship Game LA they call the Rams finally beat the Niners, who they had lost two sixth or eight times, twenty to seventeen. Josh McDaniels leaving New England to be the head coach with the Raiders. The Giants will introduce their new coach, Brian Dabo this morning.

Rangers at the Garden avoided their first big game losing speak. They scored final minute beat the Seattle crack in three to two. The Islanders lost in Minnesota four to three. John Stashward Bloomberg Sports Nathan, Sorry, John, Thanks Right now, SMP futures are down three points, Stown futures down a hundred twelve. Dansdack futures still on the rise. They're up sixty seven points. The ten year treasury is down five

thirty seconds. The yield one point seven eight percent. The yield on the two year right now one point two zero percent. You're listening to Bloomberg day Break Bloomberg eleven three oh Weather sunny with a high near thirty today, mostly sunny, mid thirties tomorrow, mostly cloudy by Wednesday, with highs near forty five degrees currently twenty under a pier

sky in Central Park. Markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, The Bloomberg Business Outland at Bloomberg Quick Tape, He's a Bloomberg business lash and I'm Cameron Moscow. European stocks on the rise this morning. US stock index futures are mixes. Investors bet corporate earnings will continue to grow amid aggressive tightening by

the Fed. We checked the markets every fifteen minutes throughout the trading day on Bloomberg s and P Future is lower down six points now, Futures down a hundred thirties seven nas deck Future is up sixty five the decks in Germany's up six tenths of upper cent. Ten year Treasury down five thirty seconds here at one point seven eight percent. They yield on the two year one point

to zero percent now. I mix Screwed oil is up nine tenths per cent, or seventy six cents at eighty seven dollars fifty eight cents a barrel comes Gold up three tenths per cent or five dollars seventy cents at seventy announce. The Euro one point one six two against the dollar. British found one point three four three two and the ends at one fifteen point five zero Bitcoin this morning moving lower at thirty seven thousand, two hundred

forty dollars. 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. The U n Security Council is scheduled to meet today for the first time on Russia's troop build up and threatening actions against Ukraine. Meeting is at the request of the United States. A new ABC News IPSIS poll shows that three quarters of Americans want President by to consider all possible nominees for the

next Supreme Court nominee, regardless of race or gender. Biden pledged to nominate a black woman to replace outgoing Justice Stephen Bryer. It will be the Bengals versus the Rams in the Super Bowl Cincinnati. The Chiefs four in ot to win the a f C. The Rams beat forte seventeen for the NFC title. In the NHL, the Rangers

won the Islanders and Bruins lost. In tennis, Raphael Nadal has won a men's record twenty first Grand Slam Singles title in the Australian Open Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalist and analysts more than a hundred twenty countries. Michael Barr, This is Bloomberg, Nathan all right, Michael. Thanks at six nineteen on Wall

Street Live from the Bloomberg Interactive Broker Studios. This is Bloomberg day Break, watching a red headline cross the Bloomberg terminal. UK Prime Minister Boris Johnson has received a civil servants report into the so called party gates scandal, allegations that a number of parties were held inside Boris Johnson's offices during the early part of the pandemic the UK was under lockdown. Prime Minister Johnson's expected to make a statement

to the House of Commons later today. Of course, we'll continue following all those developments here for you on Bloomberg Radio. We want to get the latest on the pandemic itself now where some of the biggest developments have been as much on coronavirus information as they have on the pandemic itself. Joining us now, Professor g gronvol with the Johns Hopkins

Bloomberg School of Public Health. Very interesting to see these developments around UH, sort of the government response more broadly to the pandemic early on, and of course this controversy over the weekend around Joe Rogan's podcast. The podcaster has apologized now says he's gonna have more sources on with different types of information about the pandemic. He's gonna accused,

of course, of UH passing along COVID misinformation. From a public health perspective, though, I'm curious about what the impact of UH podcasts like Rogan's have been when it comes to battling the pandemic itself. Professor, Yeah, it's very discouraging because, um, right now, for most people, for most healthy people, UH, COVID is a vaccine preventable disease, and UM more people

have died. Hundreds of thousands of people have died in this in this country, UM, since vaccines have been available, so UM there, there's it's hard to reach people to to give them the right information about the vaccine and why it could save their lives. But it's even harder when you have people who are actively countering that information.

We've heard from the CEO of Spotify. He says that they're going to direct people to different types of content, more factual content, uh, and put up sort of disclaimers around podcasts like Rogan's. It's sort of a similar tact that Facebook and other social media platforms have taken when it comes to misinformation. Do you think stances like that help? I mean, it definitely helps, UM, but you have to

shut the poison offictive source. You know, it's contaminating the discourse and we need to, um have a lot more of the right information, the correct information, so that people can make an informed decision. It's um, I think, you know, every little bit helps, but I don't think that the steps that Facebook or Spotify are taking are are going

to be sufficient. And there's a lot more money on that side the raising questions, raising doubts and and taking shots at the at the effectiveness of the vaccine than there is money on the promotion of the vaccine. And that's that's always been the case. So how do you uh sort of balance things out better when, as you mentioned, there is the sort of imbalance when it comes to the resources behind the information. Well, part of this is that people need to be realize that they have a

role to play here. Um. You know, these people like Joe Rogan don't come about by accident. Um. The people need to take responsibility for what is on their stations and what kind of messages that they're being there. They're sending a lot of news. Organizations they require their employees to be vaccinated, but yet they go around. Uh, these vaccinated people turn around and then talk to their audiences as if um, as if the vaccines are not effective.

It's really disingenuous and it kind of UM. I know why they do it because there's money in it, but it's still um, it's still wrong. We have about a minute left here. Where would you say we are in terms of getting the pandemic under control? The ongoing debate about whether we can sort of think about COVID as being more endemic than a pandemic. Are we getting close to that point? It's it's definitely two worlds here because for most for many people like myself like you, I'm

sure you your vaccinated, you're boosted. If your children are eligible, they're vaccinated, or my fourteen year old has already boosted. Um, this is uh, this is you know, we've done what we can and there are drugs on the horizon that will help. But from hospitals are still getting crushed by unvaccinated people at their door and requiring a lot of intensive care. So we are definitely um in in two different worlds right now. Hopefully things will get better soon. Yeah,

that is obviously the hope. And thanks for the solid information as always, Professors Gig Grandvaal with the Johns Hopkins Bloomberg School of Public Health, supported by Michael Bloomberg, the founder and majority owner of Bloomberg LP. That's the parent company of Bloomberg Radio. Taking a look at markets on this final training day of January. Mixed action SMP futures down eight down, futures down a hundred forty seven point stance at futures are higher by fifty three with us.

You're listening to Bloomberg day Berg Blomberg eleven three oh weather sunshine him in your thirty Today, mid thirties, mostly sunny, Tomorrow will be in the mid forties, mostly cloudy by Wednesday. Right now clear and twenty degrees two zero in Central Park, Broadcasting live from the Bloomberg Interactive Broker Studio in New York.

Bloomberg e Loving Freedom to Washington, d C. Bloomberg to Boston Bloomberg one oh six one, to San Francisco, Bloomberg non sixty to the country Sirius XM Chando one nine, and around the globe the Bloomberg business at 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. Out here, 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. Investment advisers switched to Interactive Brokers for a lowest cost global trading and turnkey custody solutions, no ticket charges and no conflicts of your interests at I b k R dot com slash r i A up first. S and P futures are lower this morning as we close out the volatile trading month of January. Despite Friday's rally, the S and P five hundred is down seven percent so far this month. The tech having

NOWSDACK is off by twelve percent. Oil is up sixteen percent and on track for its best January in three decades. We'm caring. The pullback and risk assets comes as the Fed turns hawkish, and now there's speculation about whether a rate hike in March could be bigger than initially expected. Let's get the latest lie from Bloomberg's We need a Young Good morning, Good morning, Nathan. The Fed could raise the benchmark rate by fifty basis points if there's a

need to be more aggressive when inflation. That's what Atlanta Fit president Raphael Bostick told The Financial Times, and he's stuck to his prediction that three quarter point increases starting in March is the most likely scenario. Meantime, Goldman Sachs predicts the Fed will raise interest rates by twenty five basis points five times this year. Live in New York, I'm Nita Young, Bloomberg day Break, rned to thank you.

Interest Rates are also in focus in Europe, according to a Bloomberg survey of economist the Bank of England, while race interest rates to one half of one percent on Thursday, that would complete the first back to back rate hikes in eighteen years. Politics are also front and center in Europe. Karen, after six days of voting in Italy's parliament, Sergio Monterrella has been re elected president and will remain in office for another term. We get the details from Bloomberg's Francy Laqua.

In Rome, Mario drown the prime minister. It was initially seen as a top contender for the job, but lawmakers and feared to return to political germ oil without drawing as prime minister. In the end it was drawn himself, whilst much weel to remain in office, bringing the week long stalemates. The outcome could also provide relief to investors because they reduces the chances of early elections and will it Draggy Press ahead with his reform agenda until the

next election due in Rome. Francin Laqua Bloomberg day Break. Francine, thank you, and we also have a possible deal to tell you about this morning. Bloomberg News has learned that Elliott Investment Management in Vista Equity are nearing an agreement to buy software maker Citrix Systems. The deal with value the company's equity at about thirteen billion dollars. That takeover

could be announced as soon as today. And that's the five things you need to know to start your day, Brought to you by Interactive brokers straight to hand, your latest local headlines, sup plus a check of sports. This is Bloomberg. Thanks caring. At six thirty three on Wall Street. Worked twenty degrees in Central Park dealing with big delays on southbound FDR Drive with an accident by sixty third.

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. New York City Mayor Eric Adams says free covid anti viral pills are going out in the mail to eligible residents. The all of the new program is to keep sick people home rather than inside crowded stores. We have the highest vaccination rate

in the nation. Also, speaking with many of our atoms at the news conference in the Bronx, NYC Health Commissioner Dave Chotsky, taken together, all of these tools help us defang the virus, keeping our loved ones out of the hospital, and saving lives, He says. The city already offers free at home vaccinations. Dr Chomsky says the pills will be

delivered in partnership with Alto Pharmacy. Foreign Relations Committee Chair Bob and Thendez says U S senators are close to agreeing on a Russia sanctions bill that could include penalties even if President Vladimir Putin doesn't send troops into Ukraine. It comes as the UN Security Council as schedule to meet today for the first time on Russia's troop build up and threatening actions against Ukraine. At the request of the United States, The Biden administration reiterated that it is

ready to hold talks with North Korea without preconditions. The day after Kim John Huon's regime fired an intermediate range ballistic missile for the first time since twenty seventeen, senior Administration official described North Korea's recent series of missile launches as de stabilizing. Republican Senator Susan Collins of Mains as former President Donald Trump should not have promised part in January sixth insurrectionists. Collins was also asked whether she would

endorse Trump if he decided to run again. In certainly, it's not likely given the many other qualified candidates that we have that have expressed interested in running. Senator Collins spoke on a d c S this week, which can be heard Sundays on Bloomberg. Testimony will resume for a second week as the federal trial continues for three former Minneapolis police officers charged with violating George Floyd's civil rights.

Actor Howard Hessman, best known for his role as radio DJ doctor John A Favor on the sitcom w k RNP and Cincinnati, has died. Hes been died over the weekend in Los Angeles at a d one Global News twenty four hours a day on air and on Bloomberg quick Take, powered by more than twenty seven und journalists analysts in more than a twenty countries. I'm Michael Bard, this is Bloomberg. Nathan Yeah. A lot of radio people

feeling that loss for sure, Thank you, Michael. Almost six thirty six on Wall Street Time with the Bloomberg Sports Updates, picking up radio people both pnus, John Stenhard Yeah, Nathan Cadev. An unlikely Super Bowl matchup the Bengals. Until this month, they had not won a playoff game in thirty one years. They had never won one on the road. They've never won a Super Bowl. The Rams only won one. That was when they played in St. Louis. But the Bengals

and Ram both coming from behind. They both won by three. They'll meet in two weeks in l A. So, after fifty four Super Bowls without a team ploint in its home stadium, it will happen the second straight year. Rams made a three and a half point favor They trailed the forty Niners by ten, and the fourth quarter they rallied to win seven team at the Stafford's third playoff win after having not won any previously in his career big games, catching passes for both Cooper Cup and Odell Beckham.

The Bengals trailed in Kansas City twenty one three, but the Chiefs, who scored touchdowns on their first three possessions, did not score one in any of their last eight, and Cincinnati went ahead with twenty one points in a row. Casey forced overtime, but Patrick mahomes a second interception led to the end of m to the Super Bowl four years ago. He was a senior in high school and tiny Fort Paid, Alabama. Now the Bengal Super Bowl chances rest out his right foot to kick his hup. Yeah good.

The coffin nos bam bam. That is, Cincinnati won just six wins over their previous two seasons. The odds on them reaching the Super Bowl were once to one. Rangers Gotta go final minute from KeAndre Miller beat the Seattle cracking at the Garden three two. Islanders lost in Minnesota four to three before were met. Reliever Jeff Ennis has died of cancering. Whifty nine Johns the actually were Bloombird Sports Okay, John, Thanks six thirty seven on Wall Street.

Time to take a look at stocks and some of the names moving in the pre market. Bloomberg Radio and TV Markets correspondent Pretty Goofda joins us getting ready for this final trading day of January. What a month it has been. Creat It has been a month, a year, an eternity, it seems like when it comes to the markets. But nevertheless, we do have some news this morning that could perhaps shake things up and what seems like kind of a relatively calm morning. I'm gonna start off here

with a company called Citric System. Ct x S is your taker, down de shy four percent after Elliott Investment Management and Vista Equity Partners are nearing an agreement to acquire the software maker for about thirteen billion dollars. For those of you who aren't familiar, Citrics make software that workers used to log onto their corporate programs virtually. This is something that was really relied upon during the pandemic

as people went remote. So why is the stock down just shy four percent as you see this potential deal news is huge investment to the tune of thirteen billion dollars. Well, it's because the price is at about a hundred and four dollars per share. For context, Nathan Citris closed at a hundred and five dollars and five cents yesterday, so there actually there is no premium here that can kind

of help with that traditional acquisition arbitrage. Interesting now, as you know creaty, there was a lot of focus on Spotify over the weekend, and now it looks like the stock has analysts attention. Yeah, the analysts getting really busy when it comes to whether Netflix is a buy a cell or do you could just stay on the sidelines with this call. But City coming out and actually raising their recommendation on not just Netflix but Spotify too to a buy from a neutral. This comes after, of course,

pressure on subscription based docks broadly. Uh. The analyst says that they both only may see modest subscriber growth, but Netflix has pricing power and Spotify can improve its ad supported monetizations, all about the bucks they can make off

of it. N f l X as your Taker from Netflix up two and a half percent off the recommendation, and Spotify spot either taker there up one point two percent, and Nathan, speaking of those analysts upgrades, we can talk about Tesla because you know we've gone a hole twenty four hours about doing that. T s L a scandal. T s L as your Taker up just shy of two percent. Credit Sweeze upgrades the eb maker to an outperform following a sharp pullback, and quote highly favorable fundamentals,

really calling for the pilot mentality here. Nathan Alright Bloomberg Radio and TV Markets corresponded, crety goopta getting us ready for the final trading day of January. As we take a look at the markets as a whole this morning, it is mixed action with SMP futures now down almost ten points, STAFF futures down a hundred seventy NASTAC futures are higher still, they're up fifty points. In the tenure

treasury right now down four thirty seconds. The yield one point seven percent yield on the two year one point to zero percent. Still watching crew. It is surging this morning with nime x screwed up six tents at eight seven thirty three a barrel brent up one up a dollar eleven nine one fourteen for a barrel of the international benchmark. We're getting up date from the nation's capital.

Next to Bloomberg. Government reporter Emily Wilkins. Russia and the US getting ready to come to a head at the u n This is Bloomberg Bloomberg eleven three oh weather, sunshine near thirty for a high today, mid thirties tomorrow, mostly cloudy, mid forties for Wednesday. Right now, clear sky twenty degrees in Central Park markets. Headlines and breaking news twenty four hours a day at Bloomberg dot com, bloo Bloomberg Business out and at Bloomberg Quick Tape is a

Bloomberg business lash and I'm Karen Moscow. Futures are mixed this morning. We go to the First Word breaking news desk for today's morning call. Here's Bill Maloney building morning, Good morning, Karen. That's right. US features are trading mixed right now with doubt. Futures down a hundred and seventy three points. Subs drop ten well, then, as SECT futures are higher by fifty, the US ten yield at one

point seven eight percent, Gold is little change. Oil is in the green, but bitcoin is trading lower by one point six percent. Japan rose one point one percent overnight, while your pre markets are also trading mixed this morning, and back in the US on the economic front at ninety five Chicago p m I and it's n thirty

the Dallas Fed. Regarding earings this morning, L three missed estimates, and in deal news, Citrix is close to a sale to Ellie and Vista for a hundred four dollars a share, and Walgreens is said to have kicked off the sales

process for its foods unit. In other news, Kathy Wood got nearly two point four four million shares of robin Hood on Friday and Wrapping things Up Beyond Me was raised to overweight at Barclay's, Kella cut to market perform at BMO, and Tessa was raised outperform over at Credit Sweetes. Live from the First and Breaking News desk on Bel Maloney, Karen Bill, thank you, and here live breaking news of your Bloomberg type squawk on your terminal suu A w

K and that's a Bloomberg business flash. Now here's Michael Barr with Moore on what's going on around the world. Michael Karen, thank you very much. Russia has more than one hundred thousand troops near its border with Ukraine. Today, the United Nations Security Council meets to discuss the situation and what could happen next. North Korea confirms it test fire a mid range ballistic missile yesterday. US officials are condemning the biggest missile tests by North Korea since twenty seventeen.

It will be the Bengals versus the Rams in the Super Bowl on February thirteenth. Cincinnati beat the Chiefs twenty seven, twenty four and overtime to win the a f C. The Rams beat the forty nine twenty seventeen for the NFC title. In the NHL, the Rangers won the Islanders and Bruins lost. In tennis, Rafael Nadal as one of men's record twenty first Grand Slam single in the Australian

Open final. Global News twenty four hours a day on air and on bloom Or quick Take, powered by more journalists analysts more than twenty countries Michael bar this Bloomberg. The following commentary is from Bloomberg Opinion. How US income tax policy became mostly about the one percent. I'm justin Fox, a columnist for Bloomberg Opinion. Federal income tax rates have

fallen since two thousand one. For all income groups reported by the i r S, Those from the fiftieth to sixty percentiles saw the biggest reduction two point four percentage points, while those in the top one thousandth of one percent got the smallest one point one Despite ending up pretty much where they started, the very highest earners had an eventful couple of tax decades. The Republican tax cuts of the early two thousands gave them huge breaks, most of

which expired in two thousand thirteen. The two thousand seventeen tax bill was kindest to those just below the top one percent, who, because of the alternative minimum tax, had actually seen their taxes rise until then. Now the Democrats want to raise new revenue, but not increase the taxes of anyone outside the one 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 six fifty on Wall Street. Return to news and science and technology now with a Bloomberg n j I T STEM report brought to you by New Jersey Institute of Technology, transforming computing professionals into data scientists to meet demand in this fast growing field. Learn more at n j I T DOT

E d U slash Data Science Now. Here'slet's making news and science, technology, engineering and math. New York City will provide free anti viral pills home delivered to people who test positive and are at higher risk for COVID nineteen. City Hall says both oral anti viral medications approved by the FDA from Visor and Mark will be available, though

in limited quantities. Hong Kong has never been closer about losing its COVID zero battle, as residents prepare for another Chinese New Year under COVID restrictions, only Kron seems to have gotten the better of the city's defenses with the record number of new and untraceable infections, Though the city has beaten back four previous waves of infection, Returning to no COVID cases will be much harder this time, given its facing Omikron, the most infectious and immune evasive of variants,

and Federal safety regulators say they have cleared the way for Verizon and A T and T to power up more towers for new five G service without causing radio interference with airplanes. The f a S move will let the companies activate five G cell towers closer to airports without hindering the ability of planes to land during poor weather. And that's the Bloomberg n j I T STEM Report. Nathan,

Thanks Karen rely from the Bloomberg Interactive Brokers studios. Where at six fifty two on Wall Street Time Now to check what's going on in d C. Some of the top stories in our nation's capital include the Senate getting close US to a sanctions deal against Russia, as the Pentagon tracks even more troop movement near Ukraine. Pentagon spokesman

John Kirby was on Fox News Sunday. He has a lot of options, he putin has a lot of options available to him if he wants to further invade Ukraine, and he can execute some of those options eminently, but when it comes to America's sanctions options, Under Secretary of State Victoria Newland says, the White House doesn't want to put all its cards on the table. The turns is best when there's a little bit of strategic ambiguity around exactly what we are going to do. Under Secretary Newland

was on CBS's Face the Nation. Also making news, Republican Senator Susan Collins accusing President Biden of mishandling Justice Stephen Bryer's retirement by promising a black woman will succeed him on the Supreme Court. The way that the President has handled this nomination has been clumsy at best. It adds to the further perception that the Court is a political institution like Congress, when it is not supposed to be.

Senator Collins was on ABC's This Week, and fellow Republican Lindsey Graham is calling out former President Donald Trump for saying he would pardon January six rioters. I don't want to send any signal, uh that it was okay to the Fowler Capital. There are other groups with the causes that may want to go down to the violent path that these people get pardoned. Senator Graham was on Face the Nation, which can be heard every Sunday here on Bloomberg Radio along with This Week and Fox News Sunday.

Let's get more now on this Monday morning from Bloomberg. Government reporter Emily Wilkins joining us from the nation's capital, starting off with the latest on what's happening between the US and Russia. Emily, there's gonna be a U n. Security Council meeting on the movements near Ukraine today. Yes, there is going to be meeting, and we are seeing movement from the US are glean to a Russia stinctions. So that conclude penalties on live your Putin, even if

he doesn't send troops into Ukraine. There would be one set if this legislation passes, one set of fictions that would go a place prior to any sort of invasion for what Putin has already done, and then there will be a second set of sanctions should Putin actually indeed Ukraine in. Details have been light on exactly what these

sanctions would be. We knew that lawmakers have been considering a number of different financial and personal fictions, but top officials in Congress and at the White House say that they aren't trying to detail exactly what is in the bill because having this element of surprise is part of

their strategy. UM. Meanwhile, we are going to be looking towards the UN Security Council meeting on Monday, UM as well as what other European nations might agree to in terms of stactions, in addition to what the U. S. Congress is looking at now will certainly be watching that as well. We're watching developments around the Supreme Court with President Biden getting ready to name his choice to succeed

retiring Justice Stephen Bryer. We already know it's going to be a black woman, and that's leading to some consternation among some Republicans. Well, I think for the black woman, I mean Republicans are no one's come out and said that they are opposing a black woman. But what you heard was Susan Collins come out and say that she felt like Biden was making this too political to have announced during his campaign that he was going to appoint a black female to the Court. She's called that clumsy

on TV this this past week. Uh, she said she would be potentially be open to whoever Biden would nominate. Uh. The reason that Susan Collins is key here. I mean, Democrats really only need every Democrat to vote for the nominee, so they don't necessarily need of Susan collins is support. But what the Biden White House is helping for here is that their pick can be bipartisan and one of the individuals that they are considering for the role uh,

Judge Katagi Brown Jackson. Susan Collins actually did vote for her to be on the DC Court of Appeals in June of last year, and so Collins is definitely one of several senators to the White House is going to be looking to. It helps that they will support whoever they pick. Only about a minute left here, I'm only but with Congress coming back from recess, where are we on build back better negotiations so they'll does better is

something that's still being worked on. There are still discussions going on about it, but it's really in the background right now. Um. We obviously had the big push on voting rights before lawmakers left for the past week, and we're also seeing a lot of movement on the US China Competition Bill, which is something lawmakers really want to get a move on. They'd like to have something big done for President Biden. That's out in his March first

State of the Union states. That's not a formal deadline, just just a nice one that they would like to have. UM And at this point, you know, there is some movement on build back better, but there's nothing very clear

as far as actual formal negotiations. Uh. Joe Manchin has said that they're going to have to start from scratch trunk this one, and there's a lot of questions about exactly what legislation is going to be looking at like alright, Bloomberg Government reporter Emily Wilkins keeping on top of all that's happening in the nation's capital. Thanks as always, and you can read more about these stories on Bloomberg dot

com or on the Bloomberg terminal. Follow all the latest on Bloomberg Radio in Washington Bloomberg and one oh five point seven FM HD two. Again you set for the final training day of the month of January. Futures are mixed, with SMP futures now down six points, STOW futures down a hundred forty six, NASTAC futures higher by sixty one points. The tenure Treasury is down four thirty seconds. The yield one bitcoin lower on the session thirty seven thousand, three

hundred dollars. Bloomberg surveillance is straight ahead for Karen Moscow. I'm Nathan Hager. This is Bloomberg.