Bloomberg Daybreak: March 1, 2022 - Hour 2 (Radio)

is now one of the highest in the world. I'm like to blomber more ahead. I'm John Stashower and sports blowout. Loss for the Nets, easy win for the Devil's in a marathon bargaining session to try and end the baseball lockout.

That's all straight ahead on Bloomberg Day Break on Bloomberg eleven three O New York, Bloomberg one, Washington, d C, Bloomberg one O six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x M one nineteen and around the world Old on Bloomberg Radio dot Com and via The Bloomberg Business. Good Morning, I'm Nathan Hagar and I'm Karen Moscow, and

global stocks are retreating again this morning. We're coming up to six one on Wall Street, and I checked the markets every fifteen minutes throughout the trading day on Bloomberg SMP futures down twenty five points down, futures down one seventy seven, and Nazdag futures down eight. The docks in Germany is down two point one percent. The ten year treasury up thirty seconds, yield one point seven four percent, and they yield on the two year at one point

three one percent. Nathan, Karen, we'll have more in markets in a minute, but we begin in Ukraine. Russia has escalated shelling overnight in key cities as a large Russian convoy moves slowly toward the capital of Kiev. Amy Morris has the latest from our Bloomberg newsroom. In Washington, Senators held a closed door briefing on the Russian invasion of Ukraine last night, where Ukraine's ambassador sent our country needs more military weapons. Republican Senator Met Romney says the US

hand provide some help. We continue to have the capacity to get armament and and nourishment two fighters in Ukraine. That's done not by US directly. Democratic Senator Chris Coon says they're bracing now for a humanitarian crisis. Suspect Russia will try and starve the population of Keith. We have to be prepared to provide significant humanitarian relief. New satellite images today show a forty mile long Russian military convoy

just north of Kiev. In Washington, I'm Amy Morris, Bloomberg Daybreak. All right, Amy, thank you. As Russia steps up attacks on Ukraine, the fighting could turn even more brutal. That's a concern we're hearing from retired Lieutenant General Ben Hodges, former commander of US Army Europe. It was two days ago the whole world saw dismissal that slammed into an apartment building, and that sort of thing is going to

increase um. I think he will do whatever it takes to number one to decapitate the government uh and number two to avoid the humiliation of his forces being defeated and not able to tape. Retired Army Lieutenant General Van Hodges spoke at our Washington correspondent Joe Matthew on Bloomberg Sound on Catch the program weekdays at five pm Eastern on Bloomberg Radio. We'll caring the list of country companies abandoning. Russia's growing quickly in the mass exodus is reversing three

decades of investment by Western business. Bloomberg's Rinia Young Joints US Live with the details. Good morning Grinina, Good morning Nathan. Russia's largest foreign investor, VP lead the way with its surprising announcement on Sunday that it would exit it stake in state controlled Rosneft. That move could result in a twenty five billion dollar right off and cut its global

oil and gas production by a third. Shell followed yesterday saying its ending partnerships with state controlled gas prom citing Russia's quote senseless act of military aggression. In Equanoor, which is Norway's biggest energy company and majority owned by the state, also announced it will start withdrawing from joint ventures in Russia worth about one point to billion dollars. Live in New York. I'm going need a Young Bloomberg daybreak. I need to thank you. A couple of well straight titans

are speaking out about the Russian invasion. JP Morgan, CEO Jamie Diamond warrants that disconnecting Russian banks from the Swift messaging system papering unintended consequences. The same she says they cannot to busie a Swift thing. Says, I can't use a communication to do busy with you. I can still do busy with you. And there are a lot of working outs in the Swift so they're different tools were

used for different reasons. JP Morgan CEO Jamie Diamond made the comments in an interview with the Bloomberg's at Hammond, saying market volatility remain high as long as the war in Ukraine continues. We also caught up Karen with Citadel founder Ken Griffin. The billionaire says, this is a very critical time in geopolitics. I think we're at a very very very volve conflection point that will come down to whether or not the Russians will be satisfied by simply

extending their effective borders in the Ukraine. Will they take Kiev, Will they position themselves to reach beyond the borders of the Ukraine. The last is terrifying the markets. Citadel founder Ken griff And made those comments in an upcoming interview on Bloomberg Wealth with David Rubinstein the show They've used March twenty two at nine pm Eastern on Bloomberg Radio Television.

I should say sorry, oh good. Market volatility Nathan remains high as world powers step into isolate commodity rich Russia. Let's get the latest on the action live with Bloomberg John Tucker, John sharing the risk of markets includes disruptions to supplies of raw materials, which threaten the stoke high inflation and hamper growth. We saw Bayer this morning warning that the Ukraine invasion poses a risk to its outlook on Those pressures may also impact monetary policy. Rhet McGonagall

as chairman of Capital Link. At the end of the day, what I think is going to happen is this gives some sort of a pause to an overly hawkish fed Deutsche Bank strapped. Just say, stocks typically decline around six to eight percent after a geopolitical event before trey sing those losses in about three weeks. Aside from equities, oil pushing hires investors trying to figure out whether a possible release of strategic reserves will have much of an impact.

Checking prices right now, Brent crew at a three percent at one oh one twenty seven of barrel Line to New York on John Tucker Bloomberg Daybreak. All right, John, thank you. The invasion of Ukraine will take the spotlight tonight and President Biden State of the Union address. Originally he planned to highlight the improving coronavirus outlook and rebrand

his domestic policy priorities. The timing of tonight's speech creates a large opportunity for the president, according to Barbara Perry, director of Presidential Studies at the Miller Center of Public Affairs, if he sees as this moment, gives a good, solid speech, acknowledges people's pain, points out what he's done well, where

his victories have been. And I think on the Ukrainian business, this could be his ish benign Berliner moment of John Kennedy is standing at the Berlin Wall in nineteen three. I don't know how to say it in Russian, but ish benign Ukrainian. Barbara Perry was a guest on Bloomberg's Balance of Power. Catch a special edition of the program tonight with live coverage of the State of the Union dress.

It starts at eight thirty p m. Eastern on Bloomberg Radio and television SMP futures down down twenty five points down features down a hundred eighty six dance deck features are lower by eighty eight points. Straight ahead, local headlines and the check of sports. This is Bloomberg. It sounds six oh seven on Wall Street where thirty three degrees in Central Park got an accident in Newark's northbound Root

twenty one at Mill Street. 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 said that he hoped replacing the n y p d s Hate Crime Unit head will add a sense of urgency to the issue. I thought we were too slow and designating um investigating something as a particular hate crime. Mayor Adam says he wanted a new face and a new vision

investigating hate crimes. Earlier this month, the NYPD reassigned Inspector Jessica Corey, head of the Hate Crime Task WARS. The decision followed a number of high profile incidents targeting members of the Asian Americans and Pacific Islanders communities, as well as an overall increase and hate crimes across the city. Meanwhile, Mayor Adams also talked about the city hoping to lift more COVID mandates and businesses and schools. We are trending

in the right direction. And every morning when I wake up and speak with my doctors, as I stated from the beginning, we want to follow the science, and they've they have followed the science. We want to get to where at the right level we want to be. We just don't want to move too quickly. Now their children are coming back here. Adams talked with Bloomberg's Joe Matthew on balance of power. Hong Kong's COVID nineteen fatality rate

is now one of the highest in the world. There has been a wave of deaths among its under vaccinated elderly population. The Senate last night took up the issue of a woman's right to an abortion. The vote to open debate on the Women's Health Protection Act failed. Republicans widely opposed the bill, and pill busted it, stopping the management from proceeding in the legislative process. Still, Democrats went ahead with a vote to put Republicans on record opposing

to measure. Send a majority leader Chuck Schumer of New York says he supports the bill. We must fight to stop these insidious efforts to curtail a woman's right to access safe, legal abortion, and we must assert the federal government's role to protect this constitutional right. The bill is meant to federally safeguard abortion rights, which faces an uncertain future in the U. S. Supreme Court. People are out the party as New Orleans first full dress Marty Grass

back Today, back to back parades are taking place. Masks against COVID nineteen I required only in indoor public spaces. The parades were canceled last year. Global News twenty four hours a day on here and on Bloomberg Quick Take, powered by more than journalists and analysts more than twenty countries. Michael bar this is Bloomberg nak already, Marty Gros, thank you. Michael. Down up to six ten on Wall Street time for the Bloomberg Sports update, whichown snshar. Thanks they offend. Still

no labor deal. They in the baseball lockout, but at least they are trying. The two sides met until two am. Will be back at eleven this morning. They pushed back to deadline and was to be last night. If no deal, an opening day would be postponed. That deadline is now five o'clock today. Earlier, the big baseball story was Derek Jener's surprise resignation as CEO of the Miami Marlins and the parent disagreement with his boss over the direction of

the franchise. Theater had a four percent ownership stake, which you will now sell off. Long Night for the Knats in Brooklyn, Toronto, scored forty two points in the first quarter and the route was on. The Raptors won one thirty three to nineties seven. Rookie Scottie Barnes scored points. He made his first eleven shots. Nets still without the

injured Kevin Durant, he is expected back soon. They were without tire Your Revenue hasn't played a home game all season, and Nets coach Steve Nash, who was at the arena and did his pregame presser, then had to leave for health and stay at protocol. The Nets have now lost fourteen of seventeen. Irving did leave them to a victory last weekend in Milwaukee, and then he spoke about being perhaps being allowed to play home games despite being unvaccinated.

You know, just remain impatient and just seeing where things end up in it's next week or so were the next two weeks. I'm not too sure, but I know as much as you do. And uh, I just I want to say this is that I'm very appreciative to all thottles that are question behind the scenes to make our world a better player. City is going to start allowing unvaccinated fans into the arena, but that may not mean Irving will then be allowed to play Devil's a

seven or two out of Vancouver Fordham Meat. You match John stash Award Bloomberg's fool Stapen. John thanks SMP. Futures down down twenty seven points down, futures down two dance at futures lower by nine points. The tenure treasury now up twenty seven thirty seconds, or a yield one point seven three percent yield on the two year one point to nine percent. Stay this you're listening to Bloomberg Day Brown.

Bloomberg Day Break is brought to you by Audie. Don't let someone else drive off in the Audi model You've always wanted. Visit a tri state Audie 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 Quicktape. He's a Bloomberg Business Flash. But I'm Karen Moscow and futures this

morning are falling. There's a fresh wave of volatility that's hitting global markets as the conflict in Ukraine intensifies them in mounting penalties against Russia. Stocks in Europe are falling as well, bonds gaining, oil pushing higher. Check the markets

every fifteen minutes throughout the trading day on Bloomberg. Right now, it's in P futures down twenty eight points down, futures down one ninety and nasday futures down one hundred and the ten year treasury of twenty three thirty seconds, the a one point seven four percent, the yield on the

two year one point three one percent. Nine mex Screwed oil is up three point two percent of three dollars eight cents at ninety eight dollars eighty cents a barrel comes called up one point three percent of twenty four dollars fifty cents at nineteen twenty five announced. The euro one point one one seven seven against the dollar, British pound one point three four two one, the ens at one fourteen point eight one, and bitcoins higher up more than four and a half percent at forty three thousand,

five hundred fifty dollars. Chevron doubling at share by back to as much as ten billion dollars a year. Pledging at shareholders will see the benefits of high oil prices by locking and spending at historically low levels and reducing costs. As a Bloomberg business flash, now here's Michael bar with more on what's going on around the world. Michael Karen, thank you very much. A forty mile convoy of Russian tanks another vehicles just threatening Ukraine's capital, Keith as an

intense shelling attacks are got to the country's second largest city. Meanwhile, both sides looked to resume talks in the coming days

aimed at stopping the fighting. Major League Baseball has extended its deadline for reaching a labor deal to today at five pm, for salvaging opening day as scheduled in March, thirty feet locked out players and team owners engaged in a series of intense negotiations that began yesterday and stretched into early this morning in the NBA, the Nets lost in the NHL, the Devil's and Bruins won, the Capitol's lost.

Global news twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven undred journalists and analysts more than a hundred twenty countries. I'm Michael Barren. This is Bloomberg, Nathan. Thanks Michael. At six nineteen on Wall Street Life from the Bloomberg Interactive Brokers Studios.

This is Bloomberg Daybreak and Bloomberg's Maria Today. Oh is with us now from Warsaw, Poland, as we continue following fast moving developments in the war in Ukraine, including Maria. This redheadline that just crossed the Bloomberg terminal minutes ago. The European Union now seeking to block seven Russian banks

from the Swift messaging system, including VTB. This would come on top, of course, of the sanctions on several other Russian banks, including spur Bank, the second largest bank in Russia. What are the implications of this ratcheting up of potential sanctions against Russia's financial sector. Well, I think before we get to the implications, we have to look at what happened yesterday night. The nature of this war in Ukraine completely changed. This was an escalation on all fronts. We've

seen Russia essentially taken aim at residential buildings. There's nothing to do with military points or military targets. We've seen Russia this morning staying the operation, meaning the invasion and the war is going to continue until we achieve our targets and our goals. We know what that means, get rid of the government in Ukraine, the weaponize the country and of course bring it closer to the Russian sphere of influence. And yesterday it was a brutal night of fighting.

It is for the Ukrainian military, which is holding up has been sick states and what you send on what you feel is that there's almost this desperation, running out of time, running out of patients from the Kremlin that they expected this is going to be an easy forty eight hour award without turning into a week long conflict.

The Ukrainians still want to continue to fight. I mean, we should make it very clear to people there is a well enormous will in the country to resist and that is being manifested and the brutality of the attacks that we expect, unfortunately that in the next forty eight hours Russia is gonna hit major targets with everything they have. And we've heard from the Ukrainian presidents as well. Voladmire Zelinski,

he's been addressing the European Parliament. Uh, get us up to speed on what he's been saying and the resolve that we've been seeing from the Ukrainian government and from forces on the ground. Well, if you see Samansky, this is a man who in the past six hours has been the center of every war effort in Ukraine to try to contain the situation. For many of my Ukrainian friends that I seek to they say they go on his WhatsApp, on his telegram channel, they look at his messages,

and he really drops up Moran and the country. This is someone that could have fled. I mean, this guy is rich. He could have left the country in day two, and he's decided I want to stay here till the end. So of course he's now become almost as this icon for the country. But even in Europe, you know the fact that he's post and videos every six hours to show I haven't fled, I'm not leaving, I'm staying with

you and we're going to resist. For the Europeans, it was also a wake up call that the country has made a very conscious decision to fight, to defend itself, to resist, and the Europeans belief once that decision is made and we see the Ukraine can put up a fight and this is not going to be a short world, we have to help them in every capacity. And that is where the debate is heading next. What type of sanctions? What else can the European Union do? What else can

the United States do? And I guess there's gonna be a real conversation about the energy sector Andrussia. Is that going to be the next street? Yeah? I wanted to get to that as well, the possibility that we could see UH sanctions targeting the Russian energy sector. As I mentioned, we've got even more ramped up sanctions on the financial sector. How much further could this go and what could the reaction be on the street in Russia. Look the reaction

on the street in Russia. I have to tell you, I'm in Poland, I'm in war, So we get a very different picture here of what happens in Russia. We need to know that the Russia there is big repression of people. You just don't go out on the streets to say down, Vladimir Putting, stop the war in Ukraine. I mean when you do that, you're also taking a risk in Russia with the people of Russia. CMTV is now what you and I are seeing and where we're

not reporting. The Russia government of Vladimir Putting Stilts were not the bad guys. The West is an empire place, remember that's what he said yesterday. For the Russias is a very different perspective. But we have seen, especially from the younger generation, is that they do not want to see this war happening. You know, this is Ukrainia Russia two countries that have very deep connections, very deep cultural lengths. There's people who of course travel within the border used

to before the war escalated. But again the point is the Russian leadership is still focused on this war and let's stay that. Clearly, we want to hit her targets and we want to complete this mission. So again the problem is Lamor Pudding is still very much in command. The military around him has not deserted him. The audio guard, so I know, we'll talk about the rich people of Russia and will kind of pressure they can put on

Lamer Britain. But the one thing we need to make clear is that rich people Russia are rich because ladymer Putting allows them to be rich, so their influence very limited. Buried today or Bloomberg News correspondent with us from Warsaw, Poland this morning. Maria. Thank you for staying on top of what's happening and giving us the perspective. They're on the eastern front of the Natal Alliance right now. SMP futures are down twenty four point, STAW futures down a

hundred sixty four, NASTAC features down eighty nine points. To tain your treasury up is now the yield one point seven five. This is Bloomberg Bloomberg eleven three oh weather. Clouds in mid forties today, clearing in high your fifty tomorrow, highs your forty by Thursday, under a mostly sunny sky. Right now thirty three mostly cloudy in Central Park. Broadcasting live from the Bloomberg Interactive Broker Studio in New York.

Bloomberg e Living Freedom to Washington, d C. Bloomberg ninety nine one to Boston Bloomberg one oh six one to San Francisco, Bloomberg nine sixty to the country, Sirius XM to the one nine te and around the globe, the Bloomberg Business apt and Bloomberg Radio dot com. This is Bloomberg Daybreak, 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. Interactor Brokers charged his margin loan rates from zero point seven five year cent to one point five eight percent race subject to change. Learn more at i dk R dot com slash compare. We begin with news that Moscow is stepping up shelling in Ukraine. It's also moving more troops into the country. Satellite images show a forty mile long military convoy just

north of Kiev. At the same time, the Pentagon is mulling a plan to deal with Russia if it eventually decides to de escalate. Bloomberg's said Baxter, has the story a plan being called a deconfliction mechanism, and spokesman John Kirby says this could happen as Vladimir Putin has met more resistance than he expected. You got to hand it to the Ukrainians who have been fighting very hard for their country and making an impact and making a dent.

Having said that, Kirby says, Putin still has more troops available. He hasn't moved all of it into Ukraine, but he's moved the majority of it. He still has a lot In San Francisco, I'm at Baxter Bloomberg Daybreak. All right, and thanks. As the conflict deepens, the list of companies abandoning Moscow is growing. Bloomberg's Rnita Young joins this line with the details. Rnita Nathan. Russia's largest foreign investor, BP led the way with its surprising announcement on Sunday that

it would exit its state and state controlled Rosneft. Shell followed yesterday saying it's ending partnerships with state controlled gas Prom. Equanor, which is Norway's biggest energy company, also announced it will start withdrawing from its joint ventures in Russia worth about one point to billion dollars. Live in New York. I'm rened a Young Bloomberg Daybreak. Thanks for Nit to the markets having whip sawed by the war, along with steps to isolate commodity rich Russia. We get the latest on

that live with the Bloomberg's John Tucker, John Karen. The efforts to isolate Runch's economy continue. Just minutes ago came word of the European Union is now seeking to block seven Russian banks from Swift, including VTB, the state owned bank.

And the impact of markets extends to monetary policy. Traders this morning have erased their bats on a half a point FED rate hike in March, further dimming the prospects for aggressive FED rate hikes that could and also be a positive for US equities that have been experiencing this battle of extreme volatility. Live in New York. I'm John Tucker,

Bloomberg Daybreak. You know we're seeing that volatility and energy prices, John, Oil is pushing higher despite whispers of a possible release of strategic reserves by the U S and its allies.

Checking prices now, Brents up four percent at a hundred one dollar eighty eight cents of barrel, Nimex screwed up three point at ninety eight six, and the Russian invasion will be a main topic tonight at President Biden staid a union addressed to an in for live coverage of the speech beginning at eight thirty Eastern on Bloomberg Radio and Television. And that's the five things you need to know to start your day, brought to you by Interactive Brokers.

And that brings us to six thirty three on Wall Street, thirty three degrees in Central Park. Still dealing with an accident in New York North found Root twenty one in Mill Street. Michael barrs here with what's going on in New York and around the world. Michael, thank you very much, Nathan. New York City Mayor Eric Adams said the city's police department has been too slow and designating and investigating incidents

as a hate crime. During his news briefing, Adam says that he hopes replace the nmpd S Hate Crime Unit head will add a sense of urgency to the issue. I'm not going to govern the city based on sets. Were going to be clear. If there's a crime, we're going to we put that crime. Mayor Adams also says that he can't make a vaccine exception for the Brooklyn Nets basketball star Kyrie Irving, who is prevented from playing in home games at the Barclays Center because he's not vaccinated.

Adams spoke to Bloomberg's Joe Matthew on balance of power there. Adams, will you revoke the private employer mandate so Kyrie Irving can play at the Barclays Center. That's the question we hear all all the time. Listen, the mandate's got us here. We can instantly get Kyrie to play. Just get that out there all. Mayor Adams also says he plans to announce lifting the city's public sector vaccine mandates next week.

Hong Kong residents empty store shelves and a scramble to prepare for reported lockdown of the city later this month. Amid a snowballing covidelt break, Hong Kong's COVID nineteen EIGHTE tality rate is now the highest in the developed world. The city reported one hundred seventeen new COVID deaths today. Hong Kong's oldest are the least vaccinated and most vulnerable.

California authorities say a man shot and killed his three daughters, their chaperone, and himself during a supervised visit with girls had a church in Sacramento Sacramento County Sheriff spokesman Sergeant Rod Grassman says the shooter was estranged from the children's mother. This is um, as far as I can see at this point, a domestic violence related sort of incident. Sergeant Grassman says. The victims included the three girls, ages nine, ten,

and thirteen. Former New York Governor Andrew Cuomo formerly launched a digital and TV advertising campaign aimed at rehabilitating his image. It comes six months after he resigned over a damning report by the state Attorney General accusing him of multiple sexual harassment allegations. The first of the ads, the thirty second spot, entitled Politics Versus the Law, features a montage of news clips and headlines that seeks to suggest the

a g's independent investigation into Culomo was politicized. Global news twenty four hours a day on air and on Bloomberg Quick Take, powered by more than journalists and analysts, are more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan, Thanks Michael, going up to six thirty six on Wall Street. John Stans Sherri's got the Bloomberg Sports Update thanks dating baseball's opening day scheduled from March thirty one. Will it happened,

We still don't know. MLB had said a deadline for last night if no labor deal and the lockout in the season would be shortened. They have now extended that deadline to five o'clock today. The two sides were at the bargaining table until two am, and we'll return at eleven this morning. Commission to Rob Manford emerged around six last night said we are working at it. MLB put out a statement that read we want to exhaust every possibility to get a deal done. Meanwhile, Derek Jeanter is

no longer running the Miami Arlans. He resigned after four years as CEO. He will now divest his four percent ownership. Jeter clearly differed with principal owner Bruce Sherman on the direction of the team. The Yankees have named Hensley Mullin's assistant hitting coach. Former Yankee player, Mullins was actually a finalist to be Yankee manager when they hired Aaron broom

nets Off. The upset win in Milwaukee began at home at home with the Raptors, and it was all Toronto in Brooklyn, one thirty three to nineties seven eight two teams again tonight in Toronto, fifty two points for John Morant, and it went from Memphis Devil's with seven different goal scorers in a seven to two rout of Vancouver Fordham beat Ums eight five seventy three Tuba O Ham's twenty three points, eleven rebounds with the Rams. Broth Carolina beat

Syracuse in overtime. N y C f C, the defending MLS Champions signed a new player in New York City native named Maximo Carrizo. He signed what they call a homegrown contract on his fourteenth birthday. He's been playing for the team's youth academies, which he was number John Stasheward Bluebird Sports name him Okay John. Thanks six thirty seven on Wall Street. Time to take a look at stocks, some of the names moving in the pre market. Launch to get you this morning with Gradio on TV. Markets

correspondent created Goopeda, including some breaking earnings news from Target createy. Yeah, Nathan, let's start off with that target number t gt S your taker soaring as much as ten percent in the pre market. This is huge, some huge earnings coming out their profit rising their annual revenue crossing one hundred billion dollars. A year ago, Nathan, that number was seventy seven billions, So you can really see not only to the holiday

timeline of the holiday season, really do them well. They've really improved on terms of their sales, of those fourth quarter sales fulfilled by stores. So once again you are seeing although some of that digital traffic increasing I believe about nine point five percent, you are still seeing a store traffic, which is important as well. So once again Target shares up Noell now ten point six percent t

g T in the pre market. It's not the only stocks that are up though, because you are seeing, of course, some of those traditional names that come without you have political scaring, the ones that we've been talking about for days on and Nathan, the law of those oil names that specifically have operations in the United States, Occidental is at the top of the list. O x Y is your ticker up two point one percent, the same story for Marathon Oil m R o S your ticker there.

Chevron as well, cv X up one point six percent. They also decided to raise their share buy backs by five to ten billion dollars per years. That's also adding to that additional boost that you are seeing there. Um, you are also seeing some of those defense names. R t X, for example, is Raytheon's ticker. Those shares are up one percent. We know we saw a huge move for Lockeed Martin and L three Hairs Technologies yesterday. So once again Geo political US really folding into these markets.

And we'll give you a quick update. In just the last thirty seconds that I've spoken. Target shares now up thirteen percent in the previe. It's gonna be one to watch for sure. But we've been talking about course, about all the businesses that are starting to cut off ties with Russian business. How's that affecting their stocks? Yeah, when you look at some of the flight paths here, oh, United is actually the only American domestic airline that can

is continuing to fly over Russia right now. We know those are limited and United shares you a l's your taker down at three tenths of a percent. That's going to be worth keeping in mind. You aren't necessarily seen that same reaction and some of those other airline stocks, but certainly United taking a little bit of an extra hit. I'm gonna add Coca Cola into the mix as well, KOs your taker down zero point four percent. They have some pretty big exposure to the area as well. All right.

Bloomberg Radio and TV Markets correspondent Crety Gupta with us this morning on what is going to be another very busy day on a stock by stock basis for sure, and as we take a look at stocks as a whole ahead of the Tuesday morning open. Futures are moving lower. We have SMP futures down down twenty four points, Stown futures down a hundred seventy one. NAT stack futures are lower by eighty two points now. The tenure treasury is

up twenty four thirty seconds. The yield one point seven four percent yield on the two year one point three one percent. Nim X screwed right now at four point two percent of three dollars ninety seven cents at ninety nine sixty seven cents of Earl and comic Scold is hired by one and a quarter percent of twenty three

dollars forty cents at announced. Straight ahead a preview of President Biden's State of the Union address with Ukraine Overshadowing will check in with Bloomberg Government reporter Emily Wilkins from Washington. This is Bloomberg Bloomberg eleven three oh weather increasing clouds mid forties today, a high in your fifty under clearing skies. Tomorrow will be mostly sunny by Thursday, but chillier with a high only near forty right now thirty three 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 takes a Bloomberg Business lash and I'm Farren. Moscow futures are falling and Target shares are jumping after it reported her names. We get to the first word break game news, dask for today's morning call. Here's Bell Malone, a bill, good morning, and good morning, Karen.

That's right. US features are under pressure, with DOWN futures down two thirty points, as if you dropped thirty two well. Nasdak futures are off by a hundred and fourteen. The US ten year old plunges to one point seven four percent, Gold is up twelve, oil is surging, and bigcoin is up by four point seven percent. Japan rose one point two percent overnight, while up markets are also under pressure, led by two percent two point eight percent losses in

France and back in the US. On the economic front, A Manufacturing p M I and at ten o'clock I s M Manufacturing. After the Bellas night, Lucid cut its output goal HP eight, raised its full year EAT earnings outlook, and Zoom projected sales that missed estimates. Regarding earnings this morning, you mentioned target EPs did eat estimates. Shares her up thirteen percent in the pre market and look for coals

through report also in the pre market. Wrapping things up, foot lock always cut to neutral over at Goldman Sacks live on the first breaking news des Comb But Maloney, Karen Ray, Phil, thank you and your life breaking news over here. Bloomberg t have squawk on your terminal, scue you a WK that's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Blackael, Karen,

thank you very much. Regional Ukraine officials says more than seventy Ukrainian soldiers were killed after Russian artillery hit a military base between kr Kiev and Kiev. The report could not immediately be confirmed. President Biden delivers his first State of the Union speech toninth the president is dealing with lower approval ratings and installed legislative agenda on top of the Russian invasion. Bloomberg will carry Tonight's address starting at

eight thirty pm Eastern Time. In the NBA, the Nats lost in the NHL, the Devil's and Bruins won. The Capital's lost. Global news twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven under journalist and analysts more than a hundred twenty countries. Michael Barron, this is Bloomberg. Karen, alright, Michael, thank you. It is sixty nine on Wall Street. We turned to news in science and technology now. But the

Bloomberg n j I T STEM Report. It is brought to you by New Jersey Institute of Technology and j I T makes infrastructure ready graduates from civil engineers to transportations specialists. If it's infrastructure, and j I T grads are building it. More at n j I T DOT E d U. And here's just making news and science, technology, engineering, and math. Omicron is fading away, and so are Americans.

Worries about COVID nineteen, according to a poll from the Associated Press say they are quote extremely or very worried about themselves or a family member contracting COVID. That's down from thirty six percent in both December and January. Another thirty four percent say they are somewhat worried. A survey has found drivers for Singapore's food delivery and right hailing

companies are often working almost sixty hours a week. Singapore, along with governments around the world, is considering legislative changes to protect gig economy workers. Right hailing and food delivery companies have flourished during the pandemic, but also exacerbated social inequities, and a Wall Street darling during the pandemic is projecting

sales for the current quarter below analysts estimates. Zoom has struggled to maintain the massive growth it experienced during the pandemic, when it's video conferencing platform served as a critical tool for businesses. Zoom stock has dropped more than seventy from US October high. And that's the Bloomberg and j A. T.

Stamp report. Nathan Okay Karen thank you were live from the Bloomberg Interactive Brokers studios where it's six fifty 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 Pentagon seeking a deconfliction mechanism with Russia as the fighting ramps up in Ukraine, Senator Joe Mansion urging President Biden to step up domestic energy production, and the U S booting a dozen Russian diplomats at the

United Nations. All this as President Biden prepares for a State of the Union address tonight, confronting economic doubts along with the war in Ukraine. Bloomberg Government reporter Emily Wilkins joins US Live from the nation's capital ahead of what will be another one of those sees the moment events in Washington. Emily, good morning, that it seems like the stakes really couldn't be much higher for President Biden tonight. No,

I mean, you look at President Biden's approval ratings. Uh an average from five thirty eight finds that numerous polls have the president only at approval that's very low for his presidency, very low for really any president at this point, and the state of the evening. You know, it's not going to be an immediate care all, but it is a chance for the Biden administration to try and take

back some control of the narrative. The speech was initially supposed to be about addressing the economy, about addressing inflation, and that's still going to be a part of the speech, Nathan, it has to be. But of course a lot of rewriting has been done in light of the Ukrainian and Russian crisis, and one thing that President Biden really needs to do tonight is to defend what the US has done to defend and his own administration's actions on this.

We heard yesterday from White House Press Secretary Jensaki saying that you know, Biden had helped lead US a number of European coalitions in moving together on this, that they're back as far as the leader of promoting democracy in

the world. But we've seen polling that shows that Americans don't think that Biden has done enough yet in terms of sanctions, that he hasn't been as aggressive as he needs to be, and so it will be interesting to see what tone he takes tonight in terms of supporting Ukrainian citizens, as well as what the U s stands on Russia will be going forward. It's really quite a challenge,

isn't it. When President Biden knew that he needs to reframe the message on a domestic front, and now it seems as though the message is being reframed for him with events happening on the other side of the world here. I mean, what's the challenge for President Biden as he tries to show that he does have control of what's happening in the world. I think, but part of the challenge is that, you know, there's certain rocks, you know, hard thing in a rock place that he's stuck in between.

US wants to go ahead and be aggressive here. You see a lot of US support for Ukrainian citizens, but Biden has made it very clear at this point why you're not seeing more sanctions on Russia's energy industry, why you're not seeing US troops going into Ukraine. UM. To another extent, lawmakers Democrats who I spoke with yesterday, they were very clear that they do want Biden to address

these economic and domestic issues. They want him to continue to push forward parts of the bill Back Better Plan that they think can pass, things like lowering drug prices and climate change, elder care, childcare, um. There's still a lot of support and momentum for those those policies. Even as the timeline to pass them grows more narrow. And so Biden just has a lot to do with the speech.

He has to empathize with Americans, he has to say what he's doing for inflation, he has to address the supply chain, he has to address the economy, has to address Russian Ukraine. Um. I mean, the White House is that they don't want to make this speech a long one. But but there's a lot that he has to has to hit on here and in a very certain way to make sure that his message comes across as the

administration wants it to. Yeah, you sort of allude to the idea of a State of the Union address typically as sort of a laundry list of asks that the president typically looks for from Congress to sort of frame the agenda. But it's very interesting because President Biden, in a lot of ways in this first year of his presidency, it's been about legislative asks. As there's been so much

focus on the build Back Better agenda. What what's the difficulty to try to bring back momentum to a domestic agenda when there's so much going on geopolitically, I think, to a certain extent, you know, Biden is going to touch on what you would like to see done, because that is a key part of the State of the Union. But it's really not going to be the focal point as it has been for say, previous State of the Unions.

To a certain extent, Biden has to sell what is what Democrats have already done, sell infrastructure, sell COVID relief. I was speaking last night with Angie Craig, a Democrat from Minnesota who's going to be facing a very tough reelection, and she says she needs President Biden to really signal to Americans that they've given them the tools they need to go back to normal, that now is not a time for aspiration. It's a time for getting Americans really

past the pandemic and and into that next stage. Only about thirty seconds left here. But are we expecting the usual guests in the gallery, the pointing up there and using normal Americans as sort of symbols of go ahead, No, no guests, no guests. Vaccines are required. We did lawmakers do not have to wear masks, so we'll be kind of interesting to pan around the room. All lawmakers were

invited to attend this year. We know that not all of them will accept that invitation, but it will be interesting to see who shows up, whose social distances, who's wearing a mask. But it's still still stated union is still not backed to what we were used to pre pandemic. Bloomberg Government reporter Emily Wilkins part of our team of reporters that will be part of the coverage of President

Biden's first Date of the Union address. Catch it all tonight at eight thirty Wall Street Time on Bloomberg Radio and Television. Karen alright, Dathan, it is six fifty six on Wall Street and this is Bloomberg Daybreak. And March is Women's History Month, and every day of this month we are celebrating significant moments in women's history. And now with your installment for March. First, here's Bloomberg's rened a young on this day in Women's History. In nineteen twelve,

Isabella Goodwin is appointed the first female US detective. She started in the New York City Police Department as a police matron, overseeing female inmates and cleaning jail sales. But a bank heist made national headlines and the police department asked Goodwin to step in. She posed as a maid and infiltrated a CD boarding house. The information Goodwin found out led to the arrest of a gangster named Eddie the boob Kinsman. The department rewarded Goodwin with the first

grade detective Shield. If our story sounds familiar, you might have seen it on TV. In the recent TV series The Alienist, based on Caleb Carr's novel of the same name, Dakota Fanning plays Sarah Howard, who's based on Isabella Goodwin. That's today in women's history. I'm rened a young Bloomberg Radio. All right, ray to thank you, and again Future is following.

This morning SMP Future is down thirty nine points and down Future is down two hundred seventy one NASDAG Futures down one thirty five and they continue to watch shares of target. This morning they are jumping in early training of about fifteen percent after reporting earnings, and Bloomberg surveillance is straight ahead. For Nathan Hagar, I'm Karen Moscow and this is Bloomberg