Bloomberg Daybreak: January 7, 2022 - Hour 1 (Radio)

the snowy morning commute. Plus it's sentencing day in Georgi Effrey with three white men in the murder of About Aubrey. I'm Lacla bar More, I'm Don Stairs, Sharon's boards. A big comeback is shot at the Buzzer and the nixt

beat the Celtics. The Devil's won the Rangers long. That's all straight ahead on Bloomberg day Break on Bloomberg eleven, TREEO, New York, Bloomberg Washington, d C, Bloomberg one O six one, Boston, Bloomberg nine six, 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. SMP Future is higher ahead

of today's jobs report. We're coming up to five oh one on Wall Street, and we check the markets every fifteen minutes throughout the trading day. On Bloomberg, SMP Future is up five points down, Future is up forty NASAC Future is little change, and your treasury down one thirty second killed one point seven two percent. The yield on the two year point eight seven percent, and Bitcoin this morning at forty two three hundred dollars. Nathan, all right, Karen,

we'll have more on the markets in a minute. First, a snowstorm is blanketing the northeast this morning. Let's get to the details and how it may affect the roads. From Bloomberg Meteorologist Rob Carolyn. Good morning, Rob, Good morning, Nathan. The storm that's in the process of developing off the coast of southern New England. While it's already brought some snow to the district in Baltimore. Though the storm is about done there, they'll have very little additional accumulations. In fact,

the sun will be coming out quickly this morning. New York City, hendy additional accumulation is this morning or under two inches. The snow should be done in the Tri State area by about midday, and as we head up into Boston there, the storm is only getting going now. We'll be dealing with snow heavy times through the morning commute and into the midday hours. It looks like Boston's

probably gonna receive the highest totals from this storm. Okay, Rob, So what kind of accumulations are we thinking we're gonna get from this storm? Nathan, No additional accumulations in the district of Baltimore and New York City. Anything that falls is under two inches this morning, and in the Boston area four to seven inches is likely. I'm Rob, Caroline Bloomberg daybreak. All right, Rob, thank you, and of course we'll be checking in with you throughout the morning. But

first let's turn to the market. So we're camping off a volatile week with a highly anticipated jobs report for December. Estimates call for payroll gains of four hundred forty seven thousand. Hereth Moras, Bloomberg Economics corresponded Michael McKee. Two questions hang over the December payrolls report. Will there be an omicron effect? And how will the FEDS see the report in the context of policy moves. The survey week was in the first half of December, before the COVID variant dominated the

news or infections. ADP says it didn't affect hiring all that much, reporting a big gain in leisure and hospitality jobs, but the I s M Services Index suggests services hiring slowed during the month. The December fifteen FED minutes released this week show policymakers felt then the US was close to full employment. If that's ratified by the monthly jobs report, it may mean the Fed is ready to start raising rates.

Michael mckeed Bloomberg Daybreak. All right, Mike, thanks, So when it comes to FED policy, St. Louis President Jim Bullard's weighing in enforcing the view the rate hikes could start this spring. The FENC could also begin raising the policy rate as early as the March meeting in order to be in a better position to control inflation. Jim Bullard made the comments to the c f A Society in St. Louis.

He's traditionally one of the most hawkish members of the FED. Well, Nathan, jobs matter to the FED, but so does the pandemic coronavirus cases continue to come in near record highs, and testing remains a challenge. Abbit Laboratory CEO Robert Ford tells US he's ramping up production of COVID tests. We've seen obviously a new variant, pretty highly transmissible variant, in combination with a period of the year where there's a lot

of travel, Thanksgiving and Christmas people wanted to get together. Uh, the combination of those two factors really had a pretty unprecedented demand here. Abbot CEO Robert Ford says the company expects to produce seventy million tests this month. The White House in the U. S. Postal Service are making final plans to deliver a half billion test hits to household skaren. That's according to The Washington Post, which says they want to begin shipping tests by the middle of this month.

An official announcement could come next week. From New York to l A. Nathan, major metro areas across the country are getting hit hard by COVID. Some of the details now from Bloomberg's at Baxter Beginning in Chicago. Almost of the city's I you beds are occupied at his canceled classes for a third day because of cases and disagreement with teachers over COVID tests. Meanwhile, New York City expects to have two and a half million more at home tests in hand today, but they are going for the

reopening of schools. In Los Angeles cases of Sideline more than eight hundred police and firefighters, and Alaska Airlines cut one twenty flights yesterday and according to flight Aware and industry wide, almost two thousand flights because of employee illness combined with weather in San Francisco. I'm at Baxter Bloomberg daybreak all right, and thanks with flights canceled, the travel industries under pressure again. Marriott president Stephanie Leonard says, these

are real challenges, but they won't derail the recovery. And while there was bumps from Delta, the business came back very clear, very quickly when we got past that variant. We're anticipating the same thing with with O Macron that we will see some bumps in the recovery, and it depends. We have dirty brands in a hundred and forty countries, so we'll see some bumps, but we don't think it's going to stop the recovery. Marriott president Stephanie Leonards made

the comments in an interview on Bloomberg Television. Shares of Marriott Or trade near an all time high to start the year. Kron continues to impact the workplace, Nathan. Bank of America is the latest company pushing back return to office plans, and we get the story from Bloomberg's Charlie Pillett. The company encouraged its US employees to work remotely through

the week starting January tenth. Does the bank evaluates its next move this according to an internal memo the firmhood earlier advised workers to stay home through at least this week. In the memo, the bank also continued to encourage staff to get fully vaccinated and receive booster shots, stopping short of implementing a full mandate in New York. Charlie Pellett

Bloomberg daybreak, All right, Charlie, thank you. In the markets today, the turbo charged worlds of cryptocurrencies and memestocks have collided. Shares of game Stopper up more than eighteen percent in early trading. That's after the company announced plans to launch a market place for non fungible tokens by the end of the year. The company is also in talks with crypto and blockchain companies about which tokens could be used on the form. SMP futures are up five points. Staff

futures of forty NASTACK futures higher by four points. The tenure treasuries little change, the yield one point seven. Looking at bitcoin right now trading at forty two four hundred dollars. Straight ahead, your latest local headlines and a check of sports. This is Bloomberg five oh seven on Wall Street. It is snowing degrees in Central Park. We've got a lot of jack knife tractor trailers already with this storm coming down. Peter Van is at a crucial traffic report coming up

for you in just a few minutes. First Michael Barr with what else is going on in New York and around the world. Good morning, Michael, Good morning, Nathan. Bards of the Tri State area are under a winter storm morning. The fast moving system is expected to dump three to six inches of snow by the end of the morning, but it will make the commute a mess. As you've already heard, emergency preparations are underway, but with record COVID cases and isolation rates, some departments are working at a

disadvantage against the incoming weather. Edward Grayson, the commissioner of New York's Department of Sanitation, says he believes they'll have enough staff to prepare for the storm, but they'll have to extend shifts and work around current shortages, just like all the every other city. And see, we've been definitely hit hard in this recent wave and up taking COVID cases. Right now, we're about staffing outage sanitation to mission of Grayson says, for now they will be operating in twelve

hours shifts. It is sentencing day for three white men convicted of murder in the deadly Chasen shooting of Ahmad Aubrey. In November. A Georgia jury found father and son greg and Travis McMichael and their neighbor William Bryan, guilty of murder and other crimes in the February killing of the twenty five year old black man. University of Georgia law chair Emeritus Ron Carlson says Superior Court Judge Timothy Walmsley has limited options because murder carries a mandatory life sentence

in Georgia. The judges options are very narrow, but these are very important distinctions. Does he levy a sentence of life without parole or life with parole? Carlson with the University of Georgia says the jury's verdict sent a message that vigilante justice will not be tolerated. Former New York Governor Andrew Cuomo is set to make a virtual appearance

today before an Albany judge. Prosecutors are moving to dismiss the only criminal charge filed against the Democrat in connection with the sexual harassment allegations that drove him from office. Accused Cuomo of groping an aid in the executive mansion in December of eight months before he resigned. Online sports betting in New York is a day away from reality. The New York Gaming Commission says that it has approved mobile operator licenses for Caesar's Draft Kings, Fan Duel and

bet Rivers Rushed Streets Interactive. They can begin taking wagers as of nine am local time Saturday. Global News twenty four hours a day on a r and on Bloomberg Quicktake, powered by more than seven journalists analysts more than a hund twenty countries. I'm Michael Barr, this is Bloomberg. Nathan Thank you Michael. Almost five ten on Wall Street, time for the Bloomberg Sports up take, good morning John's Statshop, Good morning Nathan, and absolutely epic game at the Garden.

This game had everything. A big comeback Knicks trail the Celtics by twenty five, and the first half they were still down by eight team in the third quarter. A tremendous individual performance the ex Celtic Kevin Fournier, who had already had two thirty two point games roses Boston, went for a career I forty one. He tied a Knicks record with ten three pointers. And this game had an

amazing finished fourth half. Court left one point five ago a tie game and one of five to Barrett one triple right away, freak for the win, Bank for is good one. He backed in Barrett backed in in, had the Nicks trip one football game at the Buzzer and called it on w EPN. Barrett, who had scored thirty two the other night, was having a bad game. He had shot three or fourteen before hitting that game winner.

These two teams play again tomorrow night in Boston, and let's play Milwaukee tonight in Brooklyn, which means Kyrie Irving cannot play due the vaccine mandate. You gotta wait until the next road game, which is Monday in Portland. The Rangers on the road for five straight games. Not a good start for the trip. Five one loss in Vegas. Rangers only had nineteen shots on goal. Devil's beat Columbus three to one. Jack news In on all three a goal plus two assists. Eric Schabez, just hired to be

the Yankees assistant hitting coach, has already resigned. He got a better job as the Mets hitting coach. Season finales with the Giants and Jets Sunday, the Giants limped to the finished host in Washington. Patriots fans will root for the Jets to upset the Bills in Buffalo. New England needs a win in Miami and a Buffalo loss to

win the a f c NS. John stash Award, Bloomberg Sports, Nathan thank you, John SMP futures up eight points, Stown futures up forty eight NASTAC futures up twenty five points. The tenure Treasury little change, the yield one point seven two percent ahead of the December payrolls report. Will look ahead to it with bems in your economist Jennifer Lee just to have this is Bloomberg Bloomberg eleven three oh whether it's snowing, went to weather Advisory till noon today

with behind your thirty five mostly sunny, low thirties. Tomorrow will be near forty on Sunday with rain twenty nine degrees in Central Park markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg

Business Out and at Bloomberg Quick Take. He's a Bloomberg Business Flash and I'm Karen Moscow Futures hire ahead of today's jobs report, and we check the markets every fifteen minutes throughout the trading day on Bloomberg Guess and p futures up eight points down, futures of forty six and Nasdaq Future is now higher, up twenty one The decks in Germany's down at third of upper sent the tenure Treasury that'll change yield one point seven two per cent

yield on the two year point eight seven percent NIMEX Scrude oil is of one percent of eighty four cents at eighty dollars thirty cents of barrel comes Gold up two tens per cent or three dollars seventy cents at seventeen ninety announced the euro one point one three one six against the dollar, British pound one point three five five three begins at one fifteen point eight to and checking Bitcoin this morning moving lower at forty two thou

three hundred dollars and as a Bloomberg business flash. Now Here's Michael Barr with more on what's going on around the world. Muchel, Good morning, Good morning, Karen. The Supreme Court is taking up two major Biden administration efforts to

bump up the nation's vaccination rate against COVID nineteen. The Justices are hearing arguments today about whether to allow the administration to enforce a vaccine or testing requirement that applies to large employers and a separate vaccine mandate for most healthcare workers. The White House and US Postal Service are making final plans to deliver five hundred million coronavirus test kits to households. The Washington Post reports of officials seek

to begin shipments by the middle of January. In the NBA, the Next beat the Celtics one oh eight, one oh five, The Warriors lost, The Devil's won, The Rangers and Bruins lost 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. I'm Michael Barr, and this is Bloomberg NACOLN. Thanks Michael. It's five nineteen on Wall Street Live from the Bloomberg

Interactive Broker Studios. This is Bloomberg Daybreak and it is Jobs Friday. Here to look ahead to the final payrolls report of one with us is Jennifer Lee, senior economist at BEMO Capital Markets. Jennifer, good to have you back with us this morning. The survey number is forty seven thousand new jobs added in December. The whisper number on the Bloomberg terminals a half million. Are you looking for an upside surprise? Good morning? You know what we are.

Our fishal call is actually just about three hundred thousand and uh. I think the ADP report that I was out on Wednesday may have um push expectations up with its sizeable eight hundred seven thousand increase, but you know that sometimes throws everyone for a loop. UM. I think anything over three hundred thousand would be considered a decent enough number to keep the FED UM on its current

path right now. But you know, I kind of feel like it's almost like roundhog Day, you know, and in many respects, you know, because month after month we're always looking for some sort of a gain in jobs to help us determine which way the FED is gonna what the Fen's gonna do, we're not gonna do. And I feel like things are a little bit different now with UM, with with the Central Bank being more aggressive, and with que ready to be put to bed in March, and

I think this will all make the March meeting live. Well, what makes you lower than consensus? What are you looking at? I think that's just the fact that you know, there is still a lot of hesitation on on on returning

to the workforce UM. But of course, at the same time, you know you've got you're being entice, but you know the fact that you know you need a job, and and there's all these different options out right now, for with many employers offering a lot more incentives, a lot more you know, higher salaries, more vacations, more benefits, and all that jets entice you over because there is such

a shortage right now. But I think, you know, and if if we again, I think threehund thousand is nothing is maybe below consensus, but I think it's still considered a pretty sizeable game. So then, are you looking for evidence of wage inflation in this report? We are, I mean, we're that's uh definitely one of one of the factors. And again that's the probably gonna be the biggest thing, uh that will again bring UM workers back into into the labor force. And we are starting we have been

seeing that months after months. Um, we're seeing that in other indicators as well, just you know, just the broader Personal Income survey with wages and salaries and of course

the e c I as well. And you know, when you see all that we read about, all the anecdotes that we see from the I s M surveys that we saw this week, you know, um, again the biggest complaint is still tons of shortages of not just materials and widgets, but there's just you know, no let up in and in shortages of people or human beings and uh, you know, to quota a famous singer, you know there

are people who need people. Yeah, where are you seeing some of the biggest sectors that are showing evidence of slack in the market. I think, you know, especially King looking at the the labor of the you know, like the leisure at hospitality for example, that's still an area that you know that is still seeing a lot of

um um shortages of workers. And that's where you know what you're getting me themum wage and you know, helping like lifting wag the minimum wage would help obviously, but you know, it's just it's not it's not an easy job, especially now with COVID and being um enforcing, masks wearing and that sort of thing. So that's where you're going to see a lot more employers trying to lift wages

even further just to bring workers back. So are you looking for real evidence that there may be an O Macron effect on the labor market given how many people might still be on the sidelines. I think we're going to see at least the first emergence of the strain during this reporting period, right. Um. I don't know how it might be a bit early for for this reporting period, but I think for sure it's definitely going to be showing up. I think you'll probably show up more in

the January reports. You know, so we'll get the numbers and of course in early February, but for sure, you know, the COVID in general, if he has his fingerprints all over this, all over all the economic reports, and I don't think that's going to be going away anytime soon unfortunately. So in our last minute here, if we get a lower than expected number, what could that mean for the

FEDS policy path? Well, I will always be looking of me Obviously the headline is always very important, but I always like to look at the revisions and that sort of gives you, like the broader look on on the overall labor market, and you know so far, you know, if you've got you he has upward revisions. Um, if you've got you know, decent gains and across all sectors, you know, I think that would still reflect overall a

strong labor market. And right now I think for the Federal Reserve it's almost looking for a reason not to raise rates earlier than expected. But again, if it's strong, I think it's would be a great result and win for everyone. And according to BMO, three hundred thousand would be a strong number. Jennifer Lee, Senior Economists, BEMO Capital Markets. Again, thanks for your insights ahead of the release of the December payrolls report, coming out just about three hours from now.

Of course, we will have full coverage throughout the day here on Bloomberg Radio and live reaction from Labor Secretary Marty Walsh that's coming up later on this morning after the release of the payrolls reports, so tune back into Bloomberg Radio and check it out on Bloomberg Television once that interview comes around. In the meantime, SMP futures are up almost nine points, stal future is up fifty one,

NASTACK futures higher by twenty seven points. No change to the tenuere Right now, the yield is at one point seven to per cent. You're listening to Bloomberg Daybreak Bloomberg eleven three oh Weather is winter weather advisory till noon today with another inch or so snow possible on your thirty five degrees sunshine tomorrow, low thirties rain and a

high near forty on Sunday. Broadcasting live from the Bloomberg Interactive Broker Studio in New York, Bloomberg Elving Free to Washington, d C. Bloomberg to Boston, Bloomberg one O six one to San Francisco, Bloomberg sixteen, to the country Sirius XM Cho one nineteen and around the globe to Bloomberg Business apt in Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's five thirty on Wall Street. Good morning. I'm Nathan Hager and I'm parin Moscow and we're just about four

hours away from the open of US trading. Let's get you have to date on the news you need to know at this hour. Snow is blanketing the Northeast this morning. We got more on that coming up with Bloomberg Meteorologist Rob Caroline. But first, futures are higher ahead of the December jobs report. Economists are forecasting a rebound from last month with the gain of four hundred forty seven thousand jobs. Begin more from Bloomberg's Vine del judas US payroll broke.

Mr Wall Street forecasts in November with a tepid game just two hundred ten thousand, the weekest showing since December twenty. Bloomberg Economics says the COVID nineteen Murcroun variant could weigh on the December data. At the same time, weekly jobless claims remained near a half century low, running at two hundred seven thousand, and US job openings have been running at all time High's Bloomberg Daybreak, al Right, Vinnie, thanks traders. We'll be watching that job's data for any hints on

future FED policy. St. Louis FED President Jim Bullard's weighing in. He says the Central Bank could start hiking rates as soon as March. Well, Nathan, The FEDS also watching the pandemic as COVID cases continue to come in near record high. Testing also remains an issue, and now the Washington Post reports the White House is working on a plan to deliver five hundred million test kits to households. Turning to markets today, Karen shares of game Stopper up eighteen percent

in early trading. Bloomberg News has learned the company plans to launch a marketplace for non fungible tokens by the end of the year. We get more from Bloomberg's Charlie Pellett. The source says it's in talks with crypto and blockchain companies about which tokens could be used on the nf

team marketplace. It's also said to be discussing with partners the potential for creating a number of funds of up to one hundred million dollars each to invest in n f T content creators and gaming companies over the last few months. The source says game Stop has assembled a team of more than twenty people that's focused on the crypto related push in New York. Charlie Pellet Bloomberg Daybreak, All right, Charlie, thank you, and Bitcoin is falling this morning.

This latest slide has the digital token now trading as lowest levels in September. It's off about forty from its record reached in November, and checking Bitcoin right now, it's at about forty two thousand, three hundred dollars. That's down about one point eight per cent. Futures are higher, as we said, SMP future is up twelve points down Future is up sixty six. Nasday futures up forty eight and the tenure Treasury down one thirty second. The yield one

point seven two percent. They yield on the two year point eight seven percent, and NIMEX screwed oil is up one percent or eighty four cents at eighty twenty nine cents of barrel Straight to head your latest local headlines plus a check of sports and the snow. This is Bloomberg Wall Street. It is snowing, yes, in the twenty nine degrees in Central Park and a lot of crashes as you can imagine. Peter Van's got the details shortly.

First Michael Barr with more on the forecast and what else is going on in New York and around the world. Michael oh Nathan E. Gads. The snow weather is impacting the Tri State area. In New Jersey, Governor Phil Murphy has declared the state of emergency. Winter store Mornings have also been issued for Long Island and in Connectic Get the Governor need Lamot has closed state offices. Let's get a look at the weather system that's causing headaches with

Bloombird meteorologist Rob Carol. Michael, the snow across the Tri State area will taper off an end around midday. It's already ending down around the Washington area and that trend will work its way towards the north and east this morning. Again, the worst of the weather is going to be off to our north and east, out out towards New England, where they could see over half a foot in some spots.

How much of the tri state area, picking up a couple of inches and again improving conditions for the afternoon. I expect the afternoon commute to be much better than this morning's, Michael, Thank you very much. Rob Emergency preparations are in a way to get the streets in shape because of the winter weather. New York Sanitation Commissioner Ed Grayson says the city is well prepared for the snow

in the end of the day. We have a very robust number of staff to be able to man all of off, a full soft spread of compliment, a large number of clows on extended tours. We're gonna shift our operation at two twelve hour days. Ed Grayson of New York's Sanitation Department says they're ready to spite a staff shortage due to COVID. Classes in Chicago were canceled for a third consecutive day. It meant an ongoing fight with the teachers union over remote learning and other COVID nineteen

safety protocols. Three white men convicted of murder in the deadly chase and shooting of Amad Aubrey are due back in court for sentencing today. Georgia Jury and November found father and son greg and Travis McMichael and their neighbor William Bryan, guilty of murder in the February of the twenty five year old black Man. University of Georgia Law chair Emeritus Ron Carlson says it's likely the judge already

has an idea of what the sentence will be. The jury's vertice sent a message that visual handed justice will not be tolerated, and the chances are the judge will reinforce that message. Emeritus Ron Carlson says it's unclear whether the McMichael's and Brian will speak publicly during sentencing. The

mandatory minimum is life in prison in Georgia. Representative Adam Kinzinger of Illinois, only one of two Republicans on the House elect Committee investigating the January sixth capital attack reflected on that day, Kinzinger told Bloomberg's Joe Matthew the Republican Party divide could get worse. I think leaders had an opportunity after January six to stand together and actually do what the title says, to lead and say, look, this

election wasn't storn. Representative Kinzinger also says President Biden's speech and outrage against the January sixth attack was necessary. Kazakhstan's president declared that order had largely been restored in his country following efforts to suppress mass protests that erupted over fuel price increases. Dozens of people were killed, including twelve police officers. Russia and its allies dispatched troops to help quill the demonstrations. Space Act has launched its next batch

of Starlink Internet satellites, the Falcon nine rocket. It left from Florida's Kennedy Space Center last night. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan. Thank you, Michael. Going up to thirty seven on Wall Street time for the Bloomberg Sports Update with John Sasha

Alright Anthon Nixon. Celtics opened the season with a double overtime Nicks went at the Garden. Their game last night may have topped that one for drama. Knicks trailed by as much as twenty five. They didn't think their first lead until just over two minutes to play. The Celtics, Jason Tatum hit a game giant shot with a second and a half ago. Look like overtime again. R J. Barrett banked in a three pointer at the buzzer Nicks

one eight, one oh five. You know Jason's so tall, but uh yeah, I mean every time about you, I think it is doing in That was crazy. Honestly, didn't even I didn't even really see it because I fail I even see you go in. But just from everybody else's reaction, you know what I can tell us that cool Parrot had thirty two points the other night. He had shot only three or fourteen before that. Game winner.

Evan Fournier, who didn't score a single point in that went over Indiana, erupted last night a career li forty one points, tied a Knick's record with ten three forinners, made ten of fourteen in three games against his former team this season, four averaging thirty six. Tatum led Boston with thirty six. Same two teams again tomorrow night in Boston. Next tonight host Milwaukee. The Rangers lost five one in Vegas.

Chris Tryder the lone Ranger, goals twenty one. The Devil's beat Columbus three to one Jack Music goal and two assists on the day Tampa Bay officially released Antonio Brown. The back and forth continues over what led the Brown's meltdown last Sunday had met life when he left the field. Brown says he was injured and couldn't play. His coach, Bruce arians Now says Brown was upset that he wasn't getting the ball thrown to him, hurting his chances to

meet incentive clauses in his contract. John Stash award Bloomber Sports Satan Think Sean It's thirty on Wall Street time for the Tri State Business Report with Bloomberg's d Corey. The New York Times has agreed to buy The Athletic, acquiring a sports news website with more than a million subscribers. The newspaper publishers paying five hundred fifty million dollars for The Athletic, which will remain the stand alone product. The deal is expected to close by the end of March.

New York State will spend five hundred million dollars building up ports and manufacturing infrastructure for offshore wind farms, and a bit to become home base for the nascent industry. The investments announced Wednesday by Governor Kathy Hoko will focus on building the supply chain for offshore turbines, which can provide clean power to a densely populated coast. Meanwhile, Hoco wants the Empire State to keep the party going on indoors, outdoors,

and on the sidewalk. The Governor Wednesday asked lawmakers to permanently legalize the sale of to go alcoholic drinks to keep bars and restaurants afloat. That you Bloomberg try State Business Report. I'm Ed Corey. Thanks that It's thirty nine on Wall Street. Bloomberg Radio is on the air from San Francisco to New York, London to Hong Kong. Let's check in with our global news team for some of the top stories heard on our three hundred affiliate radio

stations around the world. I'm Gina Servetti and for w b B, I'm in Chicago. The CEO of Abbott Labs talks about the company's efforts to ramp up production of COVID nineteen tests. I'm Corney Donahoe on cafabian Omaha dear expects a slow rollout if it's automous tractors this year. I'm Caroline headfil whom my dab digital radio into We're putting on E d F switching off the loss of its nuclear power plants at Humpterston in Scotland in the midst of a UK power crunch. I'm in Corey on

w w J in Detroit. I'm reporting Lithium is posting heavyweight games thanks to booming electric vehicle sale. Those are some of the stories our twenty hundred Bloomberg journalist and analysts are working on this morning around the world as we await the release of the December payrolls report. The final read on the labor market of that's coming out at eight thirty Wall Street time. Head of the market

open at nine thirty Wall Street time. Futures are higher, SMP futures up ten points, staff futures up fifty two, Net stack futures higher by thirty nine points. The tenure treasury yield one seven. This is Bloomer Bloomber eleven three oh weather winter weather Advisory till noon. Another inch or snow possible this morning with a high in your thirty five degrees, mostly sunny, low thirties. Tomorrow, rain and Sunday afternoon right now twenty nine and snowing in Central Park.

Markets headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Quick Tape. He's a Bloomberg Business Flash and I'm Karen Moscow. Any Westock Index futures are on the rise this morning as the dollar is lower and risk taking returns to markets at the end of a turbulent week. Investors are weighing u S employment gains against the federal

reserves policy tightening plans. We checked the markets every fifteen minutes throughout the trading day on Bloomberg SMP futures that's got eleven points down, futures up fifty three, Nastack future is up thirty nine, and the decks in Germany is down a tenth of upper cent. The ten year treasury down one thirty second. He had one point seven two percent yield them at two year point eight seven percent.

Nine night Screwed oils up one point one percent of eighty eight cents at eighty dollars thirty four cents of barrel called make schooled. The tenth of upper cent or two dollars ten cents at seventy ounce, the Euro one point one three oh seven against the dollar British bound one point three five four two, the ends at one fifteen point eight five and bitcoins moving lower at forty two thousand, three hundred dollars. And that employment report is

out of eight thirty Wall Street time. And that's a bloomberg business flash. Now here's Michael Barr with Moore on what's going on around the world. Uncle Karen, thank you very much. The Northeast is getting a visit from old Man winter. New Jersey is under a state of emergency because of a winter storm that can dump about six inches of snow. Connecticut as closed. State offices in New York City is deployed about sixteen hundred plows throughout the city.

Three white men convicted of murder and George a in the deadly chase and shooting of Ammad Aubrey are due back in court for sentencing today. Father and son greg and Travis McMichael, and their neighbor William Bryan are expected to get life in prison. North Korea says it will skip next month's Beijing Olympics because of the COVID nineteen

pandemic and hostile forces moves. Its statement is largely redundant since it has already been suspended from the games by the I O C. In the NBA, the nixt beat the Celtics one of eight, one O five, the Warriors lost, the Devil's won, the Rangers and Bruins lost. Global News twenty four hours a day on it or and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. High Michael

Barr And this is Bloomberg, Nathan. Thanks Michael. It's nine on Wallstreet Life from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We want to get an update now on the pandemic as the O macron variant continues to rage around the world. Andy Pecosh is with us once again this morning, professor of molecular microbiology and Immunology at the Johns Hopkins Bloomberg School of Public Health, Dr Pecos.

We learned overnight that the world has reached three hundred million COVID cases since the pandemic began, and we continue to see records broken almost by the day when it comes to case counts from the O Macron variant, When do you think we're going to start to see this

O Macron wave peak? Really difficult to predict, particularly with this variant, because it's really behaving in such a different way from other variants in terms of it's really off the charts level of transmission, plus the different disease that

it's causing and the different symptoms that it's causing. So u some of the estimates are still there's about a ten to fourteen day window right now we should expect to see a peek before it starts to go down, And if we look at other countries, the reduction in cases should go fast as fast as the increasing cases. So those are things to be positive about, but it's still a little bit too early to make any firm predictions. The World Health Organization yesterday was saying, Oh Macron may

appear less serious, but that doesn't mean it's mild. How do you view the severity of this strain? I think Oh Macron has really sort of split this pandemic into a couple of different populations. I think if you're vaccinated, in particular, if you're vaccinated and boosted um, you will deal with disinfection. It will seem you'll have some symptoms probably, but you should be able to recover within a few days.

I think if you're unvaccinated, or if you've been previously infected and you never got your vaccine, I think this is a pretty serious disease. You can still see the people that are coming into the hospital with serious disease are I'm merely unvaccinated people. So it really depends on what you've done to this date in terms of protecting yourself from stars Kobe too. If you've gotten some vaccines and the booster, you should be able to deal with this disease. But if you haven't, this is still a

pretty serious disease. Are we getting a clear picture about hospitalizations caused by COVID, whether it's homocron or any other variant. We've heard from the Governor of New York, Kathy Hokel, saying hospitals should do a better job of breaking down patients who are admitted with COVID as opposed to patients who come into hospitals for other things than they find out they have COVID after the fact and get included. In many cases, it very much depends on the hospital

system that you go to. I know here at Johns Hopkins we do a very good job of sorting out both of those populations, because it is interesting to see that there are people that come to the hospital for other reasons that end up testing positive for COVID nineteen. Again, those individuals tend to be vaccinated and boosted and are having a very mild infection. But certainly there is a major surge in people coming into the hospital strictly because

of COVID nineteen symptoms and having very severe symptoms. So we do need to to to sort those two populations out because it's the ones coming in with the severe disease that we need to keep track of most diligently. I also wanted to ask you about this new study that came out yesterday funded by the government, into whether vaccines have an effect on women's menstrual cycles, that the vaccines can delay periods by up to a day. What do you know about this? Is this a cost for concern? Uh,

It's it's not a cost for concern. It's something that honestly hasn't been investigated that carefully. But there are some small studies around suggesting that things like an infection or a vaccination can sometimes have an effect on a woman's menstrual cycle. UM. I know here at Hopkins and in several other places there are major studies now going on

to try to understand this. So it's something that is not unheard of, um, but really needs more studies to try to understand what this means and what's causing it. Only about thirty seconds left here, So it doesn't raise any concerns for you about the overall safety of vaccines. No, it's just another it's it's a representation of the of some of the side effects that we don't really capture well, particularly because we need to have a better eye on age and gender and biological sex in terms of how

those things impact our responses to vaccines. All right, thanks as always, dr Andy Pecosh of the Johns Hopkins Bloomberg School of Public Health, which is supported by Michael Bloomberg, the founder majority owner of Bloomberg LP, that is the parent company of Bloomberg Radio. Karen Allry, Nathan, thank you.

It is coming up to five four on Wall Street Time for our daily of Bloomberg Law be Reef exploring legal issues in the news, and today we're looking at the conviction of the Lane Maxwell, she was found guilty of engaging in a ten year sex trafficking scheme with Jeffrey Epstein. Now a verdict could be overturned because of comments from a juror an interview since the verdict, adjuror said he was a victim of sex abuse as a child and that his story helps sway other members of

the panel. For more in the case, Bloomberg student Grasshow speaks to former federal prosecutor Jessica Roth, a professor at Cardoza Law School. Clearly, the questionnaire that the jurors had to fill out asks, have your a friend or a family member ever been the victim of sexual harassment, sexual abuse or sexual assault? So does it seem clear that something is wrong. Either he made a mistake on his questionnaire or he omitted information to get on the jury.

So we don't know how he answered that question on his questionnaire because it's under steel and it seems unlikely that he answered it in a way that disclosed the abuse, because if he had, it is likely that the attorneys would have asked follow up questions about it. And according to the reporting, the transcript of the vardier does not reveal any follow up questioning of this particular juror on

that issue. So that's the jest that he did not disclose it on his questionnaire, or that he did disclose it but the lawyers didn't catch it. And that's important because the court is going to inquire into his possible motives for not disclosing it. If the court were to determine that he did not disclose it deliberately in order to get on the jury, then that would be more indicative of harboring some bias and wanting to get onto too the jury in order to render a verdict against

the defendant. Memories and how they relate to sexual abuse victims was a contentious point at the trial, and this jury said that his personal experience helped convince other jurors about the victims memories. How will the judge get to

the bottom of what happened in deliberations. That's one of the more interesting aspects of this new turn in the case, which is that although the jurors has suggested in their accounts to the media that they brought their experiences into the jury room with them and used them to persuade other jurors who may have been initially skeptical of the victims witnesses credibility. The judge is not going to consider

evidence about the jury deliberation. That's because there's a federal rule of evidence that expressly prohibits a judge from considering testimony or an affidavit from a juror about conduct or statements that occurred during the jury's deliberation. That's the rule of long standing precedence, and it's designed to protect the privacy of jury deliberations. The concern is that if jurors are not assured of the privacy of their deliberation, that

they will be less candid. Courts have been willing to accept the fact that this rule may result in occasional injustice, but they have said that they do not think that the jury system could survive efforts to perfect it and nas Cardoso Law professor Jessica Roth speaking with Bloomberg's Doing Grosso. Catch more of that interview, plus analysis of the latest legal news by subscribing to the Bloomberg Law Podcast or

downloading this show at Bloomberg dot com slash podcast. Attorneys can find exceptional legal research and business development tools at Bloomberg Law dot com and at the Bloomberg terminal at b law Go and again futures are moving higher this morning. S and P future is up ten points and down, futures up fifty, NASDAG futures up about forty, and the ten year Treasury little change. The yield one point seven two percent yield them a two year point eight seven

percent still ahead. On Bloomberg Daybreak, a check on the business headlines and all the news you need to start your day, And this is Bloomberg