Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg Daybreak for Monday, March fourteen two. Coming up to sour Russia increases its aerial attacks on the western areas closer to Ukraine's porter with Poland. The U. S And China behold their first high level in person thomps since the war began. Of the Wall Street Firm, concerts s and p five hundred targets and the beds expected to raise
interest rates this week. The and YPD is looking for a suspect and fatally attack homeless men who are sleeping in the streets. Plus, North Korea made teston I CBM as soon as this week. I'm Michael Ballad, I'm John Stage. Are in sports. Tom Brady's but sirement is over and he's back with Sampa Bay. The Yankees made the big trade,
The Neds beat the Nags. That's all trendy ahead on Bloomberg Daybreak on Bloomberg E Live in Freeo, New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixty, San Francisco, Syria's x M one nineteen and around the world. On Bloomberg, Radyo dot com and via the Bloomberg Business Actor. Good morning, I'm John Tucker and I'm Karen. Moscow and futures are higher this morning.
We're coming up to five o one on Wall Street and we checked the markets every fifteen minutes throughout the trading day on Bloomberg. Right now is in the futures are up twenty seven points down, futures up two hundred forty nine and NASDAG future is up forty five. The decks in Germany is up two point one percent. Ten year treasury down seventeen thirty seconds yield two point oh five percent. They yield on the two year one point
seven eight percent. Nine X screwed oil is down three and a half percent, down three dollars cents and a hundred five dollars forty four cents of barrel and comexs gold is down seven tenths percent, John, Karen, We're going to have more on the markets in a minute, but first, negotiators from Russia and Ukraine are set to hold more talks today after a weekend where Moscow increased its aerial
attacks on western areas close to Ukraine's border with Poland. Meanwhile, US officials say Russia has asked China for military assistance for its war in Ukraine. Bloomberg Samy Morris has more from our n newsroom in Washington. It appears Vladimir Putin has faced more setbacks than he expected in the war with Ukraine, when US official tells Bloomberg the request for eight from China isn't new, but did not say what
kind of equipment Moscow is asking for. This. As Pentagon spokesman John Kirby tells ABC S this week, the US continues to back Ukraine. We're going to continue to flow security assistance to them, the kinds of things we know they most need, the kinds of things that they're using so well, We're going to continue to help get them, get them into their hands. Meanwhile, Russia attacked the military base that acts as a hub for cooperation between Ukraine
and NATO countries. That raises the possibility the Alliance could be drawn into the fight in Washington. I maybe more as Bloomberg daybreak. All right, Amy, thank you, The U S and Shina will hole the first high level in person talks since Russia's full invasion of Ukraine. We get more from Bloomberg Stephen Angle in Hong Kong, the National Security Advisor Jake Sullivan will be meeting face to face with Young j He is China's top diplomat. He is
a top ranking official on the Polar Bureau. So they are raising, um, you know, the level of contact because the White House, while stopping short of, you know, outright condemning Beijing's neutral stance, they're trying to court Beijing's efforts to you know, wield its influence on Moscow, to a enforce the sanctions and as well, of course, ultimately help persuade Vladimir Putin to end his war in Ukraine, and Bloomberry Stephen Angeles says the meeting will take place in Rome,
and Russian prosecutors reportedly are threatening US companies such as McDonald's, Yum and IBM for criticizing the government or pulling out of the country. According to The Wall Street Journal, assets could be seized or corporate leaders could be targeted for arrest. I Yance Chief Economic Advisor Mohammed Hilarian is saying the economic fallout from Russian President Vladimir Putin's full scare invasion of Ukraine is likely to include a further pickup in
US inflation, there will be a putent inflation component. I estimate that at seven point nine percent, we will probably get very close or about ten percent before we come down, and that difference will be all because of the disruption that Putin's war imply for commodity prices, supply chains, and shipments.
Muhammed Hilarian, who is also a Bloomberg contributor, made the comments on CBSS Face the Nation, which can be heard Sundays on Bloomberg Radio, and inflation is a key reason why investors expect the Fed to begin raising interest rates
this week. Let's get more from Bloomberg's Fanny Down. The Fed meets Tuesday and Wednesday, and central bankers I signalville lift rates after a big cut to near zero at the start of the pandemic in March, Americans are losing ground to inflation, and that's putting a big consumer confidence lows going back to the financial crisis more than a decade ago. Data Tuesday in February, wholesale prices could show
a year over year gain of ten percent. Three Kink reports this week, retail sales and industrial production could point to moderating economic growth across the US. Bene jud S Bloomberg day Break, Right, Bennie, thank you all. Higher interest rates a commodity crunch in the war has won Wall Street firm cutting its stock targets once again. We get the latest line from Bloomberg's renaed A Young, good morning,
Ready to good morning, Karen. Goldman Sachs strategists are lowering their SNP five hundred target for the second time in a month, this time from forty to forty hundred. The index closed just above forty two hundred on Friday. Now it comes as the global commodity crunch, triggered by Russia's invasion of Ukraine, deepens the slump in US stocks last month, Goldman cut its initial year in target of fifty one
points for the SNP five Live in New York. I'm gonna need a young Bloomberg Daybreak, thanks for a huge sell off over night and tech stocks in Asia. Let's get the rica from Bloomberg's Juliet Sally and Singapore. Good morning, Juliet, Good morning, John, and Karen. A plunge of as much as eight and a half percent in a gauge of Chinese tech firms listed in Hong Kong reverberated around the region, leaving the ms CI Asia Pacific Index in the red
for a second session. A COVID lockdown in Shenjen, which is a tech hub, added to geopolitical and regulatory risks facing the sectum. A Bloomberg Intelligence gauge tracking Macaw gaming and casino stocks slumped as much as nine percent to a record low as China place the southern city into lockdown, and elsewhere. A week again saw the neck two to five games, six tenths of one percent in Tokyo in Singapore. Juliet Sally Bloomberg Daybreak a right, Juliet, thank you all.
Bitcoin ether and dodge cooin got a quick boost today after Elon Musk tweeted that he owns the digital tokens and is not planning to sell Bitcoin, which has fallen almost three percent before a Musk tweet right now is trading at thirty nine thousand, eighteen dollars. It's up about
nine tenths per cent again. Futures are higher this morning, S ANDP futures up thirty two points to down futures up two hundred six and NASDAG futures up sixty six and straight ahead, your latest local headlines, plus a check
of sports, and this is Bloomberg. Thanks Karen. Five Wall Street hand time to bring in Michael Barr with more on what else is going on in New York Hands around the world, John, thank you very much, Sarah Police saying they are searching for a man who is believed to have attacked multiple people who are sleeping on the streets in New York City and Washington, d C, killing
two of his victims and injuring three others. DC police said they are working with the NYPD to find the man who fatally shot and stabbed a man in the district and then killed another man Saturday. In New York City, New York Mayor Eric Adams says a city task force would focus on finding homeless people in the subway and other locations and urged them to take refuge at city owned shelters. We're going to take extra steps to encourage individuals to go into the shelters for safety reasons as
well as the coring whether condition. Mayor Adams says this is a clear case of how there are too many illegal guns on the streets. New York City police say they have identified demand who they say snapped two employees of the Museum of Modern Art. Video released by police shows a man identified a sixty year old Gary Cobnana entering the museum lobby through a revolving door, then climbing onto the desk and leaving over it before cornering the
two employees and stabbing them. Authorities say the employees suffered non life threatening injuries. North Korea could reportedly launch an i CBM as soon as this week. That's according to the onhapp news agency. It would be its most serious provocation in five years. New York City Health Commissioner Dave Choky is talking about the mental health toll from the spread of COVID nineteen. Dr Chatsky says that even members of his own families struggled emotionally due to the impact
from the coronavirus. Many people have not actually been asked about, but then when you do, there is this opening up that occurs because so many people have felt disconnected in some way. Dr Chowsky's plan on stepping down today. Today, a ceremony will be held to mark his last day as New York City's health commissioner. An Oscar winning actor William Hurd. His died at age seventy one. His films
included Broadcast News and The Big Chill. Herd Son sat in a statement that his father died of natural causes. Global News twenty four hours a day on air and on Bloomberg Quick Tank, powered by more than journalists and ninalists more than a hundred twenty countries. Michael Barr and this is Bloomberg, John, Michael, thank you very much. Yeah. Five vote line of Wall Street Camp. That's time with the Blueberg Sports up tape. Good Morning, John Stown Show.
All right, John, Good morning. That was quick. Tom Brady retired on February one, forty days later changed his mind, setting a statement that time will come, but it's not now. My place is on the field, not in the stands. He's forty four, not as if he can't play anymore. Just had a terrific season with Tampa Bay. Will now play a third season with the Bucks after twenty in
New England. In Tampa, the Yankees just held their first official team workout and then made a trade with the Minnesota Twins, sent packing Gary Sanchez, the Yanks starting catchers since two thousand seventeen, and g o Or Shella, they're starting third baseman. The last three seasons, the Yanks acquired a new left side of the infield, veteran third baseman Josh Donaldson and shortstop Isaiah Kiner. Fef twenty six year old was a Gold Glove winning third baseman with Texas
and twenty they moved him to shortstop last season. They traded him to the Twins on Saturday, and the next day, the Twins shipped him to the Yanks. Nets be the next one ten one oh seven, Kevin rant scored fifty three points. The unvaccinated Kyrie Irving not allowed to play home games, but he was at the Barkley Center sitting
in the stands. That led Kadi to reach out to New York City Mayor Eric Adams and I say, Eric, you gotta I mean, you gotta figure something out, man, because you know it's looking crazy, especially on national TV. And we can come to the game and not play like come on. And they has said since city workers lost their jobs for not getting the vaccine, Irving should
not get special treatment. Islanders beat the Ducks for three n C double A tournament Field announced Ruttors will play Notre Dame on Wednesday, Seaton Hall takes on TCU on Friday. John Stashward Bloomberg Sports. John all right, John, thanks a lot, and ahead of the cashowup a lot of ball Street futures in the US. They are higher right now, all DEA futures three D twenty four points, the ESSP futures up thirty seven and the ADS that he made futures
right now they are up eighty two points. And you're listening to burg Tape break is the cure for higher prices, higher prices. Just ahead, we're going to speak with the commas Dennis Garthen this bed week. You're listening to Bloomberg tay break, markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business Outland, at Bloomberg Quick Tape. This is a Bloomberg Business lash
and I'm Karen Moscow. Stocks in Europe are rising along with US stock index futures as negotiators from Russia and Ukraine prepare for a new route of talks. A global bond route deepened with the five year treasury yield cresting two for the first time since and we checked the markets every fifteen minutes throughout the trading day on Bloomberg Right now, S and P futures up thirty two points. Now futures have two hundred ninety two and nasdak features
up sixty three. The decks in Germany's up two and a half percent, the ten year treasury down twenty thirty seconds, the yel two point out eight percent. They yield on the two year one point eight zero percent. Nimex screwed oil is down three point eight percent, down four dollars sixteen cents at a hundred five dollars sixteen cents of Arrol Comic School down eight tenths per cent, or sixteen
dollars thirty cents at nineteen sixty eight fifty announced. The Euro one point oh nine six four against the dollar, British pound one point three zero four eight, the ends at one seventeen point eight one, and Bitcoin this morning is higher, up eight tens of a percent at thirty eight thousand, nine hundred fifty dollars. That's a Bloomberg business flash. Now here's metel Bar with more on what's going on
around the world. Muddle, Good morning, Good morning, Karen. Russia's military forces are keeping up their campaign to capture Ukraine's capital, as residents of other besieged cities hold out hope that renewed diplomatic talks might open the way for more civilians to evacuate or emergency supply is to reach them. A day after expanding the war in Ukraine with an air strike on a military base close to the Polish border, Russian force has fired artillery on suburbs north and east
of Keith. NFL superstar Tom Brady announced that his short lived retirement is over. Brady posted on Instagram that he believes his time isn't over yet on the field and he will return for a twenty third season with the Tampa Bay Buccaneers in the NBA. The Nets beat the next Celtics lost in the NHL. The Islanders won global news twenty four hours a day on here and on Bloomberg quick Take, powered by more than twenty seven hundred
journalists and then alst to more than a hundred twenty countries. Hi, Michael Barr, and this is Bloomberg John Michael, Thank you very much, and he is coming up on five twenty on Wall Street. We're live on the Bloomberg intraand to Broker Studios this is Bloomberg Day Break time to get you set up for the trading day. We are joined now by economist Dennis Scartman, the University of Akron in Downland, Chair,
former publisher of the Gartment letter Happy Monday. Dennis. Of course, Federals are publicy makers widely expected to raise their benchmark cancers rate this week. What's going to be the impact for equity investors? Well, I think, first of all, let's understand that, yes, the Feed is going to raise the overnight fet funds rate by twenty five basis points. Mr
Powell has made that abundantly clear. There was talk two and three weeks ago before Mr Powell made it clear that perhaps they had raised it by fifty basis points, but now it appears to seven will probably twenty five basis points for every meeting this year, and it means over time that the yield curve is probably going to go to a slight inversion by year end, which would be recessionary. On balance, I think that that's detrimental to
stock prices in the long run. But something that I watched on a close basis is the CNN Fair and Greed Index, which is a compendium of seven different indicators of the internal components of the market, and it goes from a hundred to zero. The highest I've ever seen it when the market is overbought, as which was in the Lady late before the market crashed, and the lowest I've seen it was two, which was in March of at the height of the of the pandemic concerns or
the start of the pandemic concerns. And right now we're down to eleven. Actually we're turning up from to fourteen. When you're down to those levels, when you're down under twenty and turn higher. The market has been extremely oversold and do for a bounce, and that's what we're getting. So I think that the talk this morning of peace talks once again is giving way to a bounce in the stock market. I don't think it will last very long, but we're gonna get it. We need a bounce. It's aggressively,
egregiously oversold, and the bounce is long overdoing. That's what we're getting. Beyond that index, I'm looking at the fear gage, the volatility index this morning, thirty eight six. That's elevated, but certainly nowhere near the levels that we saw during
the start of the pandemic. No, it's not near the levels that we got in February and March of but anytime in my in my book, when you get over thirty and turn lower, that's the the The VIX is part of the CNN Fair and Greed Index itself, and it's I think it's a bit overextended, so a little exception at this point. I think at thirty it's it's a little high. It can go. We we've seen it decide at forty five at times, and that's during periods
of extreme price movements. One time last week, I think you've got its highest thirty six inter day at thirty. I think it's a little extended and one of the one of the seven component parts of the Fair and Greed Index, which is I said, has been down below twenty and has turned higher. And when it does that, you get a bounce. And that's what we're getting this morning. In the commodity space. What is the term structure telling us? The term structure has been I think something that you
need to follow very closely. I started in this bit in the early nineteen seventies in the cotton market, and I learned to watch how the front month's trade versus the back months, whether we're in backwardation or contango. And I learned long ago to watch the change in the backwardation and watch the change in contango. We would do in this run up in the in in crude oil, when we got to what a hundred and thirty seven dollars a barrel for w T I, the backwardation was
widening every single day. That would go up more on on up days, the front month would lose less. On down days, the backwardation would widen. And for a while last week it was interesting, as the market was going higher, the backwardation began to narrow. That's atypical, that's unusual, and that was telling me that that the crude role market was making its highs. I think we'll keep what the crude roil market is doing. Keep an eye on what
the backwardation is doing. Uh. In in backward dated markets, you don't want to be you don't want to be a bear, But certainly when you start to see the backwardation begin to narrow, you you lose your impetus of being bullis. So keep an eye on the term structure. I think in in in all carrying charge markets. Whether it's corn, whether it's uh wheat, whether it's soybeans, whether it's sugar, whether it's coffee, whether it's cocoa. Importantly, when
it's crude oil. The change in the in the in the nature of the backwardation, the change in the nature of the term structure is evidence of informed well hedging money inform money wise money and the term structure was beginning to turn barish in crude oil last week with the idea that the higher prices cure higher prices. Are you seeing demand destructure? Good? About twenty seconds. There's no question you're seeing demand destruction. People are changing the manner
which they're driving the bills. People are changing the manner which they're eating their houses. All all prices made at the margin. When the last two percent of the buyers become sellers, markets change. When the last two percent of sellers become buyers, markets change. And there's no question at the margin, people are changing the manner in which they're using energy. So yes, demand destruction is part of the future.
Oh he's a pleasure, sir. Accountabist Dennis Gartman, the University of acron Endowment Chair and former publisher of the Gartman Blender Dow futures up two DRED seventy two four and SMP futures there are up thirty points. NaN's day futures of fifty four at the Bloomberg weather for today should be a nice day. Morning clowns give me away the sunshine. The high temperature in the mid fifties. Tomorrow is sunny and mild by sixty to sixty five Wednesday sunshine, I
sneer sixty. This is Bloomberg broadcasting live from the Bloomberg Interactive Broker Studio in New York. Bloomberg having freed to Washington, d C. Bloomberg to Boston, Bloomberg one oh six one, does San Francisco, Bloomberg nine sixty to the country Sirius XM Gentle one and around the globe the Bloomberg Business apt in Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's five thirty on Wall Spreet. Good morning, I'm John Tucker and I'm Perard Moscow. We're just about four hours
away from the open of US trading. Let's get you up to date in the news. You need to know at this hour, do you not? It states plans to hold its first high level in person talks with China since Russia's invasion of Ukraine began. It comes as the US says Russia has asked China for military equipment to support its invasion. Bloomberg said, Bachelor has the story. The US says nobody should help replace Russian losses during the invasion.
National Security Advisor Jake Sullivan heads to Rome today for high level talks, which China's top foreign policy official, Young Jay Sheer. Meanwhile, Russia has shelled a Ukrainian military base ten miles away from the border with Poland, and Sullivan says if anything lands in Poland, NATO will respond if the United States will work with our allies to defend every inch of NATO territory, and he used the term full force reaction. In San Francisco, I'm at Baxter Bloomberg
Gay Break Thanks said. Negotiators from Ukraine and Russia are set to speak today. Ukrainian President Vladimir Zelenski hopes it will lead to a meeting between himself and Russian President Ladimir Putin should then, representatives of our countries are holding daily talks via video conference. Our delegation has a clear task to do everything to arrange the meeting of the presidents.
The meeting I'm sure people are waiting for. Vladimir Zelenski says a path to talks with Putin is difficult but necessary. On Wall Street, John higher interest rates. A commodity crunch in the war has one firm cutting at stock targets. Once again, we get the latest line from Bloomberg's re need a young good morning, Ready down, Good morning, Karen Goldman. Sachs strategists are lowering their SNP five hundred target for the second time in a month, this time from fort
d to hundred. The index closed at just above forty two hundred on Friday. It comes as the global commodity crunch, triggered by Russia's invasion of Ukraine, deepened the slump in US stocks last month, Goldman cut its initial year in target of points for the SNP five Live in New York, I'm rened a young Bloomberg, Debrie, thanks for native looking to curb inflation the reserve of spent at the hike intust rates of this week's f o MC meeting. Fetchair
Jerome Powell. Recently it's old lawmakers he'd recommend a quarter point rate hike, and doge coin experienced brief agains following a tweet from billionaire Elon Musk John, who said he isn't planning to sell any of the digital tokens. Bitcoin is currently trading at thirty nine thousand and sixty dollars. It's up about one percent this morning. Futures are also higher this morning. And straight ahead your latest local headlines plus a check of sports, and this is Bloomberg. That's
final thirty three on Wall Street. Time to bring in Michael Barr with more of wells is going on to New York hand around the world, John, thank you very much. Police in New York City are searching for a Suspectona Say shot and killed a homeless person and wounded another in separate attacks over the weekend. Both victims were sleeping when they was shot. New York Mayor Eric Adams not committing the crime. I was sleeping on the streets. A total abandonment and betrayal of trust for this action to
have taken place in a manner that it did. Mayor Adams announced a city task force would focus on finding homeless people in the subways and other locations and urged them to take sleep in city owned shelters. North Korea could launch an i CBM as soon as this week. The Yonhap news agencies sided unidentified South Korean government officials it would be its most serious provocation in five years. As South Korea undergoes a presidential transition and the world
focuses on Russia's invasion of Ukraine. Gasoline thefts are on the rise. In Houston, for example, police are looking for thieves who stole about a thousand gallons of diesel fuel from the underground storage tanks of a family owned gas station. Station manager Gary Phail says surveillance video recorded the thieves pulling up in a van over the lids of the station's underground storage tanks. The van drives on top of the fuel tank. That's all you see. No one comes out.
They have a trap door inside their vehicle, which it was crazy. Station manager Jerry Thale says the thieves struck three times last week and were chased off during a fourth robbery attempt. Former President Barack Obama says he has tested positive for COVID. Obama says, outside of a scratchy throat, he is feeling fine otherwise. Obama says his wife Michelle is tested negative and calls on people to get vaccinated. Oscar winning actor William Hurt has died as many films
include Broadcast News and The Big Chill. Herd Son said in a statement that his father died of natural causes. At a global news twenty four hours a day on air and on Bloomberg Quick Tank, powered by more than seven hundred journalists and analysts in more than a hundred twenty countries. I'm Michael bar this is Bloomberg, John, Michael, thank you at least now fine three, he says, So walls for Efence, time for Bluebird Sports, saying, here's John stan Shower. John. It's not as if Tom Brady is
the first athlete to change their mind about retirement. Rett Farve did it a few times. Several box rooms have done it, but usually the retirement lasts a little longer. For Brady, a forty day retirement. So much for wanting to spend more time at home. He's back with Tampa Bay at age forty, coming off statistically one of his best seasons. Brady said in a statement, my place is on the field, not in the stand. The Yankees did not make any moves before the lockout. Now that it's
over a trade with the Minnesota Twins. They traded Gary Sanchez. He made a big splash with his power back in two thousand seventeen, but his average fell all the way down to one forty seven a couple of years ago. Never strong defensively, Geo or Jella was terrific defensively a third base, but he was also dealt. In return, Yanks get thirty six year old third baseman Josh Donaldson the a l m v P, though that was back in two thousand and fifteen. He's bounced around in ecent years
with four different teams. Yanks also acquired twenty six year old short stop Isaiah Kiner Filepo, who the Twins had just acquired on Saturday from Texas, and they get a young catcher, Ben rourkevilt At the Parklay Center, Nets beat the next one ten one oh seven. Cabinda Ran scored fifty three points and then wondered why Kyrie Irving wasn't allowed to play, considering Irving was at the game sitting
in the stands ridiculous. I don't understand it, oh, I mean, as a few people in our arena has owned backs, right, They they lifted all of that in our arena, right, So it's the I don't get it. Irving's still only playing road games. Islanders into their six game homestand with a third straight win, fourth three over Anaheim n ci A tournament field and as Rutgers got in, has to play a first four game Wednesday against Notre Dame. John
Stashwer Bloomberg Sports. John. All Right, John, thanks very much, fine thirty settling on Wall Street, It's time for the Try and State Business Report. For that, We're joined by Bloomberg's Scott Carr. New Jersey is set to receive six hundred forty one million dollars out of an opioid k settlement with New Brunswick based Johnson and Johnson and the nation's three biggest pharmaceutical distributors, McKesson, Cardinal Health, and Amera
source Bergen. A statement from Governor Phil Murphy's office says the settlement will be paid through and will fund programs focused on treatment, prevention, and other ways to combat the epidemic in the state. A yearly analysis of Connecticut's jobs data shows the state drop it's unemployment rate to five point one percent at the end of last year, before oh Macrown related job losses pushed that figure up to
five point three percent in January. Both figures are below the five point eight percent mark that analysts had previously expected in December of last year. They say that indicates a comeback for Connecticut from the COVID lockdowns, though gradual may be stronger than expected. David Busters will open a second location in Brooklyn next month. It's set to open April. That's the Bloomberg Tri State Business Report. I'm Scott Carr.
Thanks Scott. It is now eight on Wall Street. Bloomberg Radio is on the air from San Francisco to New York, London to Hong Kong. And let's check in now with our global news team for some of the top stories heard on our three hundred affiliate radio stations around the world. I'm Steve Podascan on ten ten Wins in New York. We're talking about the financial worry of America's high school students.
Um Courtney's Donahoe on Carol Dan Dallas. Some travel industry executives are expecting one of the best summer seasons ever. I'm Gina Servettian for w w b D. I'm in Chicago. I'm reporting that for McDonald's, continuing to pay workers in Russia, along with other costs, will add up to about fifty million a month. I'm Caroline head Killed bloom Bag d A b Dishal Radium in London. Were punting on the UK's refugee responts, the government's scraps in person visa applications
and offers households cash to house refugees. I'm Scott Carr on w d c H in Washington. I'm reporting on Beltway businesses getting a boost from the war in Ukraine, and those are some of the stories. Are twenty seven hundred Bloomberg journalists and analysts are working on this morning around the world. It's five thirty nine on Wall Street.
The following is an editorial from Bloomberg Opinion. In a bid to ease pressure on global energy supplies, the US is open talks with the government of Venezuelan leader Nicholas Maduro, which could lead to the lifting of some sanctions against his regime. Such an outcome would be a blow to Venezuela's opposition and its desire to see Madua removed from power, the US should move forward anyway. Re Establishing diplomatic ties with Venezuela is a necessary step toward harnessing its immense
energy producing potential. It could also drive a wedge between Venezuela and its chief patron Russia. Austin Maduro was a defensible goal, but the strategic environment has changed. Biden should aim for a policy that balances economic and security needs with a commitment to democratic values and provide a path to a more productive relationship with Venezuela and its long suffering people. This editorial was written by the Bloomberg Opinion
editorial board. I'm David Shipley. For more Bloomberg Opinion, please go to Bloomberg dot com, slash opinion or ope and go on the Bloomberg terminal. This has been Bloomberg Opinion. Bloomberg Opinion editorials can be heard every weekday. At this time, terminal customers could read more at op I n go.
This is Bloomberg day break and ahead of the cash open up, Wall Street futures in the US pointed to a higher open down futures of three hundred six points S and P futures of thirty five and the landsdeckum made futures seventy five points higher. This is Bloomberg Markets headlines and breaking news twenty four hours a day, at Bloomberg dot Com, the Bloomberg Business Out, and at Bloomberg Quick Tape. This is a Bloomberg Business lash and I'm
Karen Moscow. Stocks in Europe are climbing along with US stock index futures as negotiators from Russia and you and prepare for a new round of talks on global bond route deepens, with the eels on the five and ten year treasury rising to their highest since twenty nineteen. We check the markets every fifteen minutes throughout the trading day. On Bloomberg SNP future is up thirty nine points down, futures up three hundred thirty seven. Nsday features up ninety six.
The decks in Germany is up three point one percent, ten year Treasury down twenty nine thirty seconds, the yel two point o nine percent. They yield on the two year one point eight zero percent. Non mex screude oil is down more than four and a half percent, down five dollars three cents at a hundred four dollars twenty four cents of barrel. Comex school is down one percent, or nineteen dollars fifty cents at nineteen sixty five fifty announced.
The euro one point o nine seven four against the dollar. British found one point three zero five two. The yun is at one seventeen point eight three Bitcoin higher by one point two percent. It's at thirty nine thousand, one hundred thirty dollars. That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael Karen, thank you very much. US officials say Russia has asked China for military assistance for its war in Ukraine.
A spokesman for China's Foreign ministry rejected the reports today as disinformation and malicious. NFL superstar Tom Brady announced that his short lived retirement is over. Brady says he will return for the twenty third season with the Tampa Bay Buccaneers. And in baseball, a big trade for the Yankees. The New York Yankees have acquired former a l m v P. Josh Donaldson, shortstop Isaiah Kinner Felefa, and backup catcher Ben Roortveldt from the Minnesota, twins for catcher Gary Sanchez and
third baseman Geo Ershlin. Global News twenty four hours a day on air and on Bloomberg Quickday, powered by more than twenty seven hundred journalists an antalists in more than twenty countries. Michael bar this is Bloomberg, John, Michael, thank you very much. Fine forty nine on Wall Street. Were lying for the Bloomberg Interact Brokers Studios a time for an update on the war in Ukraine. Were joined out
by Mark Champion, Bloomberg Senior reporter for International Affairs. Mark, you just heard Michael mentioned that US officials say Russia has asked SHNA for military assistance for its war in Ukraine. How likely is that? Mark Champion? Can you hear us? All right? As we try to re establish contact with our Bloomberg senior reporter for International Affairs, Mark Champion, Karen, we're going to head over to you for the time being. All Right, it is five forty nine on Wall Street. John,
it is time for the Bloomberg Law Report. It has brought to you by American Arbitration Association. This is his future inevitable resolve faster with the American Arbitration Association, the global leader in alternative dispute resolution for over ninety years. More at a d R dot org. Let's get to the legal stories we're watching this morning. From Bloomberg's Jeff Bellinger, Maxwell's lawyers argue that they didn't have the ability to quit.
Millions of Americans living in states that don't adjust their tax brackets to account for surging inflation are facing hidden tax increases in their paychecks. Florida will leave the nation in sales tax holidays. Lawmakers plan to vote today to waive state levies on gasoline and a range of consumer products. The Texas Supreme Court agreed to review whether state universities have the power to revoke degrees of former students long
after the students have left the institutions. Bloomberg Law everything you need, all on one legal research platform, including guidance analysis and Bloomberg Market Intelligence. Find out more at Bloomberg Law dot com. Right, Jeff, thank you. Now. Another legal story we're watching. Lane Maxwell's lawyers are asking the trial judge to throw out the verdict against her for sex
trafficking underage girls with Jeff re Epstein. They want a new trial because a juror did not disclose a history of childhood's sexual abuse during jury selection, but then, in interviews after the verdict, said that he had used his history to convince fellow jurors to convict Maxwell. The juror denied lying intentionally when he testified at a hearing last week. For more, Bloomberg's Juan Grosso speaks to former federal prosecutor
Jessica Roth, a professor at Cardozo Law School. Maxwell's lawyers argue that they didn't have the ability to question him about possible bias, and that they would have tried to get him dismissed. So, no matter if he did it unintentionally or intentionally, isn't this the kind of juror that
the defense should get a chance to knock off the jury? Well, if he had answered yet to these questions that disclosed his relevant own history of sexual abuse, there would have been follow up questions for him, as there were for other perspective jurs who disclosed that they had also been
the victims of sexual abuse. There were other such prospective jurors, and when they disclosed that information, they were asked additional questions to inquire into whether they could be fair and impartial jurors in the case, the court would also have to decide whether or not he could have nevertheless have
been a fair and impartial juror. And that was the kind of information that court was trying to elicit at the hearing, which was essentially to ask the follow up questions and to try to get at the very same inquiry the court would have been engaged in during the vodiar process had he answered the questions in the affirmative the first time around. Does the judge consider the fact that the victims would have to testify again and the length of time it took to try maxwell are those considerations.
They're not considerations in an immediate sense. They're not part of the legal standard that the court is going to be applying here, which is much more specific to whether or not the juror was fair and impartial. But in a sense, considerations about the impact on witnesses and concerns about finality are essentially baked into the overall standards that
courts apply when considering motions for a new trial. Motions for a new trial are disavored in part because of the disruption to victims lives and witnesses lives, the idea that they would have to testify again, And so courts are instructed generally under the standards governing emotions for a new trial that they should only be green when there's senily manifest injustice. Would you be surprised if the judge granted a new trial? It happened so rarely. It does
happen so rarely. I think a lot is going to turn on the judges evaluation of the witness's credibility in answering these questions about why he did not give statements that were true, Because whether it's dispositive or not, whether or not he's intentionally lied, it's certainly going to be
a very heavy factor. If the court finds that he lied, that would tend to suggest more a motivation on his part to try to get on the jury, and that in turn suggest more of a bias towards the defendants, and therefore that he would not have been fair and impartial. And as Jessica Roth, the professor at Cardoza Law Schools, speaking at the Bloomberg's Ding Groans and you can catch more of that interview plus analysis of the latest legal news by listening to the Bloomberg Law Show at ten
pm Eastern time. John. Thanks Karen Head. We've established contact with our Mark Champion Bloomberg, senior reporter for international affairs. Sorry for the disconnect a little earlier, and uh an update on the war in Ukraine, Mark A good morning. US officials say Russia has asked China for military assistance. How likely is that and does it also risk sanctions on China? Uh? Yes, the Chinese have denied it. The partnership that they have with Russia is in part military.
China has brought a lot of equipment from Russia Russian you know, less in the other direction. Um. And also they've conducted military exercises together. So it would not be a huge surprise at all if Russia were to ask if they were having any issues with supplies of missiles for example, which you know there is some uh, you know reports that they may have used fewer precision guided
missiles because they just don't have enough of them in stock. Um. So it wouldn't be too surprising if they were to try and get the plenishments. Um. You know, whether that has happened or not is hard to say. Um. You know, the Chinese would have to bear in mind that it's likely that anything that they do supply would eventually show up on the battlefield, so it will become clear. It does it to indicate some level of desperation, if that's
the word on the part of the Russian military. Well, they do seem to have had some logistics issues, and they've had some you know, issues with with munitions. Apparently at least they haven't used as many as people would have expected them to use. Um, So I'm not sure if the word is desperation, but they do have issues. They having to sort of call up mercenaries from Syria
in order to replenish their troops. Clearly, this campaign has not gone the way that they expected it to go, and any in a minute military analysts will tell you that in three or weeks or four weeks into any military campaign, a major replenishment is needed, both of troops and equipment that starts to break down, equipment that's destroyed and so on. Just about forty five seconds left the US and China plan to hold in person talks. I think that's in wrong. Can you tell us more on
what's going to happen with that? Uh, Well, the Americans have made it clear that they're gonna say to the Chinese that there will be sitting in a serious repercussions if the Chinese provide either weapons or work around so that they can help the Russians to escape sanctions. So and that that will be the pressure from the the
American side. The Chinese have tried to show themselves as neutral in the conflict, but you know, on the other hand they have back the Russian narrative, in particular meanchemical weapons. Mark Ho is a pleasure, appreciate it to Mark Champion Bloomberg, Senior reporter for International Affairs with the update there on the latest on the war in Ukraine. Ahead of a cash open on Wall Street this morning, we have futures
in the US. They are higher, with the down futures of three D ninety seven points, the Ryans at one point two percent, smp E Mini futures forty seven points higher, up one point one percent, and the Techa A Nastac futures right now up one D thirty one points, that is a rise of one percent. Tenure yield in the US two point zero nine percent, that's up ten basis points this morning. The two year at one point eight one percent. That's up six basis points. You're listening the Bloomberg day Break