Bloomberg Daybreak: March 14, 2022 - Hour 2 (Radio)

This week, the NYPD is looking for a suspect and fatally attack homeless men who are sleeping in the streets. But plus, North Korea made test at I CBM as soon as this week. I'm like the bar more, I'm John Stage and sports Tom Brady's But Sireman is over. He's back with Sampa Bay. The Yankees made the big trade.

The Nets beat the next That's all strained ahead on Bloomberg day Break on Bloomberg eleven, TREEO, New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x M one nineteen and around the world on bloombergero dot com and via the Bloomberg Business App, and good morning. I'm Karen Moscow and I'm John Tucker. Bloomberg Day Brank being brought to you by Interactive Brokers

Simple I b k R Global Trader App. Deposit in your local currency, trade stocks in the US, Europe and Asia. Start your free trial at I v k R dot com slash Global Trader and it is six of one on Wall Street and we check the markets every fifteen minutes throughout the trading day on Bloomberg. Again, futures are higher this morning. SMP futures up forty six points in

down futures up three hundred ninety four. Nasday futures up one fift Tenure Treasury down seconds, the yeld two point nine percent, and they yield on the two year one point eight one percent. Nine Next, screwed oils down five point two percent, John, Karen, We're gonna 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 to serial attacks on western

areas closer to Ukraine's border with Poland. Meanwhile, US officials say Russia has asked China for military assistance for its war in Ukraine. Bloomberg, Amy Morris as more from our nine one 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 aid 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 a whole. The first high level in per and talks since Russia's full invasion of Ukraine began. More from Bloomberg. Stephen Angle in Hong Kong. The National Security Advisor Jake Sullivan will be meeting face to face with Young. He is China's top diplomat. He is a top ranking official

on the Politburo. 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. Uh, 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. Blob Stephen Angle says the

meeting will take place in Rome. Russian prosecutors reportedly are threatening US companies such as McDonald's, Young Brands and IBM for criticizing the government there or pulling out of the country. According to The Wall Street Journal, assets could be seized

or corporate leaders could be targeted for arrest. Well John Eleons Tief Economic advisor muhammedd Alarian said the economic fallout from a Russian president Vladimir Putin's full scale 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 above 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. Muhammad Alarian, who is also a Bloomberg contributor, made the comments on CBSS Face the Nation, which can be heard

Sundays on Bloomberg Radio. The inflation is a key reason why investors expected the Feeder Reserved to begin raising interest rates this week. Let's get more from Bloomberg's Vineydale Judais. The fit meets Tuesday and Wednesday in central bankers the signalville lift rates after a big cut tenure zero at the start of the pandemic in March. Americans are losing ground to inflation and that's putting a big dent and 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 good point to moderating economic growth across the US. Bene Judae s Bloomberg day Break, Right, Pennie, thank you a higher interest rates at commodity crunch and the war has one Wall Street firm cutting at stock targets once again. We get the latest live from Bloomberg's rayed A Young.

Good morning, ra Day to good morning Karen. Goldman. Sachs strategists are lowering their S and P five hundred target for the second time in a month, this time from 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 fifty weeks for the S and P five d Live in New York.

I'm gonna Young, Bloomberg Daybreak, Thanks for Anita, how you sell off overnight in tech stocks in the Asia? Let's get the ricam from Bloomberg's Juliet Sally in 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 m c I 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 sector. A Bloomberg Intelligence gauge tracking Macau 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 negate two to five games six tenths of one percent in Tokyo in Singapore. Juliet Sally Bloomberg daybreak Right Julia, thank

you well. Bitcoin, Ether and dogecoin 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's tweet. Right now is trading at thirty nine thousand, one hundred seven dollars sets up about one point one percent. Future is also higher.

SNP futures up forty three points down, futures up three hundred seventy two, nowsday futures up one hundred ten Straight ahead your latest local headlines plus a check of sports and missus Bloomberg. All right, thanks Karen wall Street, and time to bring in Michael Barr to find out what else is going on in New York at around the world, Ton,

Thank you very much, Sarah. Police say they are searching for a man who is believed to have attacked multiple people who were 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 a man who fatally shot and stabbed a man in the district and killed another

man Saturday in New York City. New York Mayor Eric Adams as a city task force would focus on finding homeless people in the subways 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 coming weather 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 the man, who they say staff two employees of the Museum of Modern Art. Video released by police shows a man identified as sixty year old Gary Cabana entering the Museoleum lobby through a revolving door, then climbing onto the desk and leaping 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 Nonhap news agency. It would be its most serious provocation in five years. New York City Health Commissioner Dave Choshky is talking about the mental health from the spread of COVID nineteen. Dr Chotsky 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 Chotsky plans on stepping down today. A ceremony will be held to mark his last day as New York City's health commissioner. Former President Barack Obama has announced that he has COVID nineteen. He says, outside of a scratchy throat, he feels fun. Oscar winning actor William Hurd has died at age seventy one. His films include Broadcast News and The Big Chill. Her Son set in a statement that his father died of

natural causes. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. Michael bar this is Bloomberg, John, Michael, thank you, And it's now six or nine of Wall Street. Time for the Bloomberg Sports Update. Here's John Stenshower. John, that was quick. Tom Brady retired on February first, forty days later changed his mind, sending 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 and now he'll play a third season with the Bucks after twenty in New England. In Tampa, the Yankees just held their first official team workout, then made a big trade with the Minnesota Twins, sent packing Gary Sanchez, the Yanks starting catcher 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 Jock Donaldson and shortstop Isaiah Kiner for left twenty six year old was a good glove winning third baseman with Texas and they moved him to shortstop last season. The Rangers treated him to the Twins on Saturday, and the next day the Twins shipped them to the Nets. Beat the next once and one oh seven Kevin Rants

toward fifty three point. The unvaccinated Kyrie Irving not allowed to play home games, but he was at the Parkley Center sitting in the stands. That led k D to reach out to New York City Mayor Eric Adams. When I say, Eric, you gotta you gotta figure something out, man, because you know it's looking crazy, especially on national TV, and he can come to the game and I play like, come on. The mayor has said, since some city workers lost their jobs for not getting the vaccine, Irving should

not get special treatment. Eislanders beat the Ducks for three n C double A tournament field and as Rutgers will play Notre Dame on Wednesday. Seaton All takes on TCU on Friday. John Stash Bloomberg Sports. Yoh, all right, thanks John Han. I head that you can't show up at Off Wall Street. Futures in the US and the green right now down futures threety two points, SMP futures thirty nine points higher, ATTIC futures right now ninety three points.

You're listening to Bloomberg day Break and just ahead on Bloomberg day Break and update on the war in Ukraine. Some key developments of this morning will do great Bloomberg's and the current. This is Bloomberg 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. Stocks in Europe are climbing, climbing along with you, as stock index futures, as negotiators from Russia and Ukraine prepared for a new route of talks, a global bond route deepening, with the yields in the five and ten year treasury rising to

their highest. Since you check the markets, every fifteen minutes throughout the trading day on Bloomberg, U S and P futures up about forty points down, futures up three d at six NASDACK futures have ninety seven the decks in Germany is up two point eight percent. Pen Your treasury down twenty six thirty seconds yield two point eight percent. They yield on the two year one point eight one percent. Nine.

Mex scut oil is down four point eight percent on five dollars twenty five cents at a hundred four dollars eight cents of barrel. Comex school there is down nine tenths percent, or seventeen dollars fifty cents at nineteen sixty seven fifty announced. The euro one point o nine seven five against the dollar, British pound one point three zero four and nine, the yennis at one seventeen point nine four, and Bitcoin this morning up about one percent at thirty

nine thousand, sixty dollars. That's a Bloomberg business flash. Now here's Michael Barro with more on what's going on around the world. Michael Karen, thank you very much. Russia's military forces they're 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 supplies to reach them. Day after expanding the war in Ukraine with an air strike on a military base close to the Polish border, Russian forces fired artillery on suburbs north and east of Kiev. NFL superstar Tom Bradie announced that his short lived retirement is over. Brady posted on Instagram that he will return for a twenty third season with the Tampa Bay Buccaneers in baseball.

A big trade for the Yankees. They have acquired former a l m v P Josh Donaldson, shortstop Isaiah Kinner the left and back up catcher Men Roortveldt from the Minnesota Twins for catcher Gary Sanchez and third baseman. Geo or Selle. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven journalists and analysts more than a hundred twenty countries, and Michael Barr, This is Bloomberg. John all right, Michael,

thank you very much. Six twenty on Wall Street bird life from the Bloomberg intracta Broker Studios. This is Bloomberg tape ray. Couple of key developments this morning of the war in Ukraine. The U S S Russia saw Chinese military aid for the war and an aid. The President Band is going to meet with China's top diplomat today. Joining us now for the update and the current. The chief Asia Economics correspondent for Bloomberg. Hey, um and always good to talk to you. Explain to me the relationship

between Russia and China. Does Russia needs China more than China needs Russia. Well, there's both been growing a trade relationship in recent years. China of course a big importer of energy from Russia, and Russia of course a big import reporter of merchandise goods. That trade has led to more broader strategic corporation and closed the lines between two countries.

And indeed, more recent years President she and Petner said to have had developed a good report and that's what culminated in a few weeks ago at the Winter Olympics, this communicate between both countries and that there was no limits to their friendship. To help the back dup those deepening economic and strategical at the back, dup through the bind that China is now in when it comes to

Russia's invasion all of the Ukraine. On the one hand, of course China preaches this added respect sovereignty of nations and in relations, but it has yet to condemn this invasion at right or even used the word invasion or kind of trying to start on both sides a bit. So that's why I think most people will be looking to the talks and Rome to see if a dood

lead to any kind of breakthrough in that front. Yeah, that's likely to be chief on the agenda with those talks in Rome that are a schedule to take place today. What's the likelihood you want to gain the the odds of China actually delivering aid in the form of military equipment to Russia. Well, that indeed, that's news coming out of Washington. Obviously I would put the relations in both on a whole new level given the contact of the invasion.

But even before we get to that, as I mentioned earlier, we have to see if China is going to double down on a talkish language when it comes to Russia. As I say, most observati would say that's inconsistent with China stands in the parts it kind of tries to be seen as a good global citizen, regardless of one use of its internal partlity system. So there are question

marks over chinage downs on that. But then on a more micro level, question marks over will China observe the sanctions to the letter when it ensures companies aren't funneling either good or finance Russia. Most alims would say China will want to observe those sanctions, but there's still an open question around that. And then of course there's a question around what role of China looks to play if

it does lets play a role as a peace mediator. Again, it has said it wants to be an end to the conflict and it wants to be peace there, but it hasn't put much by way of hasn't put much of my way of play proposals on the table as to how it goes about that. And now, of course

we got back to your up in question. If we'll get to a point where Russia is China is supplying arms to Russia in the conduct of this invasion, that would mean of course all better off as China being an independent mediator, but as a global citizen or a want to be global global citizen, China has a lot at stake here. It does have its trade initiatives, Belton the initiative with the European countries, Belting Road initiatives. That's

really at stake here, is it not? Is it at risk? Well, the building Road you can argue it's probably lost some focus. It is president shooting being signature project, but I think it's kind of lost some focus in recent years when it comes to China's focus on overseas trade, has been growing its trade at its fairly rapid clips throughout the pandemic with both Europe and the US, and I think what that stake is a lot of the of the

good will. It might be too strong reward, but China has certainly been keen to cozy up or build better relations with Europe, for example, build better relations with countries and AFCA, build relations with Latin America as relations soured with the US, under the feeling that if this global alliance such as it is against the Russia's action does maintain and does hold up, that will continue to put pressure on China and risks perhaps you know, decoupling or

isolating China from because of the world economy. Now all of it is high level. China remains deeply cloke in the global economy. It's not going to be isolated in a way that Russia can be in the short term, but at the very least, I think a lot of people would say that Shina being seen to be on Russia's side and its conflict is damaging for its glow.

It's international funding and always a pleasure in occurrent the chief Asia economics correspondent for Bloomberg, as we look at the markets right now ahead of the opening in on Wall Street, down futures right now up three thirty nine points, that's a rise of one percent, SMP futures thirty eight points higher, that's a nine tenths of a percent, and the nasdac emnate futures right now of nine points. That's

a rise of seven tenths of eight percent. And as we look to treasuries right now, the tenure yield two point zero nine percent, that's up ten basis points this morning. The two year yield at one point eight two percent, that is of seven basis points. You're listening to Bloomberg Daybreak day Break brought to you by Audie. Don't let someone else drive off of the Audie model of you. Voways wanted. Visit your try state area Autie Dealer again behind the wheel of yours today, or visit Autie aupers

dot com for reinformation. Broadcasting live from the Bloomberg Interactive Broker Studio in New York, Bloomberg E Living free on to Washington, d C, Bloomberg one to Boston, Bloomberg one O six one to San Francisco, Bloomberg No. Sixt to the country, Sirius XM H one nine and around the globe, the Bloomberg Business app and Bloomberg Radio dot com. This is Bloomberg Daybreak. He has six thirty on Wall Street.

Good morning, I'm John Tucker and I'm Karen Moscow. We're just about three hours away from the open of US trading. It's time for the five things you need to notice. Start your day. Ron to you by Interactive Brokers. Interactive Brokers charges margin loan rates from zero point seven five to one point five eight percent great subject to change. Learn more at ibkr dot com. Slash compare up First.

The United States plans to hold its first high level in person talks with China since Russia's invasion of Ukraine began. It comes as the U says Russia has asked China for military equipment to support its invasion. Bloomberg's ad Baxter has the story. The U s says nobody should help replace Russian losses during the invasion. National Security Advisor Jake Sullivan heads to Rome today for high level talks with

China's top foreign policy official, Young J. 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 that 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 Daybreak. Thanks said negotiators from Ukraine

and Russia are sent to speak today. The Ukrainian President Vladimir Zelinski hopes it will lead to a meeting between himself and Russian President Vladimir 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. The path that talks

with Putin is difficult but necessary. Well John on Wall Street, higher interest rates like a mdity crunch, and the war has one firm kind of a stock targets. Once again, let me get the latest life from Bloomberg's Ready to Young, Good morning, Ready down, Good morning. Karen Goldman Sachs strategists are lowering their sn P five hundred target for the second time in a month, this time from seven 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 lump in US stocks. Last month, Goldmen cut its initial year in target of points for the SPI live in New York. I'm gonna meet a young Bloomberg day breaks thanks. We need looking to curb inflation.

The fat expanded to hike answers rates at this week's alf O MC meeting, cheered Jerome Powell recently told lawmakers he'd recommend a quarter point rate hike, and John a Bitcoin, Ether, and dog Cooin all experienced brief gains following a tweet from billionaire Elon Mosk, who said he is not planning to sell any of the digital tokens. And that's the five things you need to notice start your day. Brought

to you by Interactive Brokers. All right, thanks Karen, six Wall Street, and time to bring in Michael barn to tell us what else is going on to New York and around the world. Jean, thank you very much, Sarah. Police in New York City are searching for a suspect, they say sean and killed a homeless person and wounded another in separate attacks over the weekend. Both victims were sleeping when they were shot. New York Mayor Eric 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 the 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 intercontinental ballistic missile as soon as this week.

Beyond that, news agency signed on identified South Korean government officials it would be its most serious provocation in five years. 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 an underground storage tank of a family owned gas station. Station manager Jerry fail 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 all you see. No one comes out. They have a trap door inside their vehicle, which it's crazy. Station manager Jerry Thales says the thieves struck three times last week and were changed 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.

New York City Health Commissioner Dave of Chotsky is winding down his time in office. A walkout ceremony will be held today at the Department of Health and Long Island City to mark Dr Chotsky's last day as health Commissioner. Yesterday, he talked about the mental health soul from the spread of COVID nineteen. Dr Chotsky says he knows people personally

who have gone through issues. I saw it with my patients, I saw it in my own family, you know, in terms of the effects of isolation, Dr Chatsky says, the World Health Organization reported earlier this month at the global prevalence of anxiety and depression increased by twenty five percent during the first year the crisis. And Oscar winning actor William Hurt has died. His many films include Broadcast News and The Big Chill. Herd Son said his father died

of natural causes at age seventy one. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than hundred journalists natalists more than a hundred twenty countries. Michael Barr, this is Bloomberg, John, Michael, thank you. He is now sixty six on Wall Street. That's time with the Bloomberg Sports update once again. Here's John stats Shower. Now it's not as if Tom Brady's the first athletes have changed their mind about retirement. Brett

Farves it a few times. Several boxers have done it. 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 four, coming on statistically one of his best seasons. He's said in his fame in my place is on the field, not in the stands. The Yankees didn't make any moves before the lockout, now that it's over. Big trade with the Minnesota Twins. They traded atcher 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 couple of years ago. Never strong defensively, g R. Slow was terrific defensively a third base, but he was also dealt. In return, Yanks get thirty six year old third baseman Josh Donaldson, one time a l m v P back in he founced around in recent years, and Yanks also acquired twenty six year old short stop Isaiah kinder Palpa, who the Twins had just

acquired Saturday from Texas. They also get a young catcher, Ben worked Built and Brooklyn next beat the nixt one ten one oh seven Kevin 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 every few people in the arena has own backs, right, It's like

they lifted all of that in our arena. Still only playing road games, Islanders ended their six game homestand with a third Strake win four or three over Annaheim, n c A a a tournament. Rutgers got in. But that's the play at first four game Wednesday against the Order Dame John Stack, Bloomberg Sports. John, all right, John, thanks a lot coming up on sixt on Wall Street, and it's that time of the day to take a look at some of the stocks that and the names that are

moving in the pre market. For that, we're joined by Bloomberg Radio TV Markets correspondent Creating Gupta. This on a morning, Creaty when looks like a rally, at least as far as the futures are concerned at this point in the morning. Yeah, a fairly broad rally, we should say, But if you look under the hood at what's on the down side, it's actually falling oil prices lower. We know that there's that correlation or inverse correlation, inverse relationship between oil prices

and stocks. We do have oil prices down. I'm looking at Brent crude here about one one. It tends to take down those American stocks as well that actually specialize or focus in on that American production. So, for example, your worst performer this morning is going to be Occidental, O, X YSE or Taker down four point six percent. Your next five six stocks in the read are going to

be oil stocks as well. So once again, following that movie, you're seeing the commodities market Marathon up, Oil, m R O down just shy three percent, Chevron as well, see the X as your taker just down two and a half percent. A similar story for Haliburton down two percent. H A. L is your Taker. Remember these were the best performers in the last couple weeks, just given the geopolitical tensions and the idea that Russian barrels are coming off the market. This of course not compared to some

of the better better movers. Excuse me that you're seeing. You are seeing a lot of those travel stocks higher, which once again have been doing the exact opposite of those oil stocks. Delta for example, d A LS your taker up two and a half percent. Carnival Cruise Lines CCL up to point four percent. American as well. A L is your taker, they're up too, point four percent as well. Remember these aren't just travel names. This isn't

necessarily a recovery story. It's also a volatility story. If you're betting on more volatility in the markets, those are the names you're gonna play it through. Okay, Um, the supply chain issues, they haven't gone away, have they? In particular for a they like Apple, right, they have not gone away. Now you have some news coming out overnight that the fox con plant and shen Zen is getting

shut down. The production is being halted for iPhones. But remember Apple shares the biggest supplier, the biggest than the manufacturers, the biggest. Sixty percent of the revenue comes from Apple. Um. They are trying to diversify that little bit Apple with some other companies. But nevertheless, the question was if you start to see the shutdown doesn't in fact and impact Apple stocks, sees me a apl as you're taker now

flat on the day. The reason it isn't plunging is because most of their supply chain actually comes out of Taipei, comes out of Taiwan, not necessarily shen Zen and fox Con has already said they're actually addressing that moves perhaps boosting production is some of their other plants. Pretty Boys of Pleasure, thanks very much, See you tomorrow. Bloomberg Radio on TV. Markets corresponding, Pretty Gupta and uh As. We look at the futures right now, down futures, they are

up three points right now one percent. Rise SMV Emity futures thirty eight points. Hire that it's up nine tenths of a percent. The Danzac futures right now eighty eight points, the lines of seven tenths of a percent. Tenure yield in the US two point zero seven percent. That's up eight basis points. The two year yield one point eight one percent. You're listening to Bloomberg Taberg and the Bloomberg Weather fort today from Rob Caroline Morning Clowns giving way

to sunshine. The high temperature in the mid fifties at Morrow's sunny mild six sixty five. Wednesday's outlook, sunshine, high temperature near sixty Markets headlines and Breaking News twenty four hours a day at Bloomberg dot com, the Bloomberg Business at and at Bloomberg Dictape. This is a Bloomberg business lash. And I'm in Moscow and futures are higher this morning. Me to the first word breaking news dance for today's morning call. And here's Bill Malow. Need Bill, good morning,

all right? Uh, and futures will be checking him with Bill a little later. Having some connection problems here right now. Futures again higher. S ANDP futures up thirty seven points down futures of three hundred thirty seven now as DAG futures up eighty two. The decks in Germany's up two point eight percent. A ten year treasury down twenty five thirty seconds, the yield two point eight percent, the yield on the two year one point eight to one percent.

Nine mex screude oil is down four point eight percent on five dollars twenty five cents at a hundred four dollars eight cents of barrel comic school there is down one percent or twenty dollars ten cents. At nineteen sixty four and ninety announced, the euro one point oh nine six two against the dollar. British found one point three zero three seven, the yen is at one eighteen point oh one and bitcoint this morning of nine tenths percent

at thirty nine thousand, thirty dollars. And that's a Bloomberg Business Flash. Now here's Michael Barr with more on what's going on around the world. Michael, thank you very much. Karen. USS 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 Birdie announced that his short lived retirement is over.

Brady posted on Instagram he believes his time isn't over yet on the field and will return with the Tampa Bay Buccaneers and a huge trade in baseball, a big

trade for the Yankees. They have acquired former a l m v P Josh Donaldson, shortstop Isaiah Kenner Falfa, and backup catcher Ben Roortveldt from the Minnesota Twins for catcher Gary Sanchez and third basement Geo or Sella Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than seven journalists and analyist more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg. The following commentary is from Bloomberg Opinion. A mysteriously large

chunk of gen Z is and working. I'm Justin Fox, a columnist for Bloomberg Opinion. Despite spectacular job growth over the past year plus, the US labor force participation rate is still one point one percentage points, about one point eight million people short of where it was on the eve of the pandemic in February. The retirement of any sixty five and older Americans who had stayed in the labor force until COVID nineteen is one big, easy to

understand factor. Less clear is why there continues to be such a participation gap among young adults. Sixteen and seventeen year olds are more likely to be in the labor force than before the pandemic, but those eighteen through twenty nine much less so. The total shutdown of spring and summer may have been so disruptive for those finishing their educations and entering the job market that it's taking a long time for them to catch up. I'm Justin Fox.

For more opinion, please go to Bloomberg dot Com, slash Opinion or O P I n go on the Bloomberg terminal. These been Bloomberg Opinion and Bloomberg Opinion commentaries can be heard every weekday at this time and terminal customers can read more at O P I n go. And it's

like fifty on Wall Street. Let's tarn to news and science and technology now with a Bloomberg n j I T STEM report and it's ronzi U buy New Jersey Institute of Technology ranked in the top two percent nationally for alumni mid career earnings and number one in the nation for a student upward economic mobility for at n j I T dot E DU And now here's this making news and science, Technology, engineering, and math. Former President Barack Obama says he had tested positive for the coronavirus

that he's feeling relatively healthy. The former president says he and his wife have been vaccinated and boosted. He encouraged more Americans to get vaccinated against the coronavirus despite the declining infection rate in the US. China has placed the seventeen and a half million people of the city of Shenzen into lockdown for at least a week, they've been told to stay home and will undergo three rounds for of coronavirus tests that came after risk cases nationwide double

to nearly thirty hundred. Apple supplier fox Con is helping production at Shen's end sites, one of which makes iPhones, and Visor's COVID pill is unlucky to reach most of the world for a year. The United Nations Back Medicines Patent Pool plans to name the generic drug makers that are going to be making the pills next week, four

months after reaching a licensing accord with Viser. The drug companies may be ready to supply the first pills by December, but analytics firm Air Affinities has large quantities may only reach the market in May of three and as a Bloomberg and j I T Stem report, John, all right,

thanks Karen. We are live for the Bloomberg Interactor Broker Studios where it is now six fifty one 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 US officials saying Russia has asked China for military

assistance for its war in Ukraine. The US and China will hold first the first high level in person song since Russia's full in Asian and as far as around nuclear talks, they're taking a short break and President Biden urging to invoke the urge to invoke cold war powers, the blunt the energy price hyde. Let's take a deeper diving into some of these stories this morning with Bloomberg

Government reporter Emily Wilkins. Emily give us the update on what's happening with the talks to try and end Russia's invasion of Ukraine and the war They're they're asking for military assistance from China. At least that's according to US officials. What more do we know? So at this point, we don't have a lot of details from US officials about exactly what Russia has gone to Beijing for, but it's definitely been an alliance with that the US has kept

a very close eyeld. And now the US is starting to suggest the Beijing that, you know, if they do want to try to help Russia, there could be UH stations and further punishments for them as well. Of course, a lot of that is sort of get to be determined. We're going to see what comes out of this official meeting. Between Jake Sullivan, the White House National Security Advisor, who's going to be meeting with his counterpart in China today, um and it certainly what what has gone on between

Beijing and Moscow was going to be a discussion. How much did China's Chinese officials know about Putin's planned invasion of Ukraine ahead of time. We've seen generally take this interesting stance when comes to Brescia. Diplomatically, they've still been supportive all Brescia. They've still backed Russia, but they've also heard them say you mention Ukraines or to support Ukraine, UH say that they want to see peace in the

region again. So it's not fully clear at this point what Beijing is thinking in terms of lending assistance to Putin, but certainly we're going to be keeping a close eye on these talks today. Are those talks taking place in Rome between the US and the Chinese counterpart on another front and Iran particularly important when it comes to the energy mark. Guess the nuclear talks are ongoing, but we're

told there's a short break. Is there an impass well, are any officials have put out and said that you know, the negotiations are done that there's just a bit of a break right now, as you mentioned, And of course this comes as Russia has really upended the talks with demands on the West as far as their sanctions on Moscow over the Ukraine invasion. So this conflict in Ukraine,

it's it's about impacting these other UH policies internationally. UH. The European UoN coordinator Joseph Borel said on Friday that he was still going to talk to the US and I RAN and other teams to overcome the current situation. But they said but he also said on Twitter that a final text is essentially ready and on the table. So it sounds like all sides kind of want these

talks to continue. Of course, there's just the press shi um of what you know, Russia is going to wide up the green and stopped the green to okay, and finally the President being urged to invert invoke some Cold War powers to try and end the surge and energy prices here in the U S. What are these powers? How likely is the administration going to go through with this? Yeah? Well,

the idea is it's called the Defense Production Act. And if it sounds familiar, it's because It's the same Act that Donald Trump used just for maths production one when the coronavirus was first identified and spreading across the US. And so this is something that can the government can use to really sort of help companies bolster production. In this case, the Biden administration is being called on to boast that production for oil companies at this point, though

the administration is not really on board. Remember Biden came in really touting climate change, clean energy. We had White House Press Secretary Jens He's saying that invoking the Act would be based if they providing money the oil company is to do something they already have the capacity to do. Oil companies and said that they do need additional help to produce more gas and definitely will keep an eye

on the steril. Bloomberg's Emily Wilkins, So you can follow all the latest on Bloomberg, Rady on Washington, Bloomberg one on one, on five points seven, FM HD two, Karen fifty six on Wall Street. This is Bloomberg Daybreak in Marches Women's History Month, and every day this month, we're celebrating significant moments in women's history. Now, if you're installment for March fourteen. Here's Bloomberg's or need a young On

This day in Women's History. In nineteen sixty nine, Barbara Joe Reuben becomes the first female jockey to win a race against men at a nationally recognized race track in the United States. She piloted Bravy Galaxy to victory in front of a pat grandstand at Aqueduct Racetrack in New York. About a month earlier. That year, Ruben also made history as the first female jockey to win an American para

mutual race while she was in West Gina. When Reuben was six years old, she was diagnosed with polio and began riding shortly after as a form of exercise and to help strengthen her legs. She made her competitive debut in Nassau, Bahamas at the Hobby Horse Hall Track. She made big waves as a rookie, but her career was cut short by injuries after eighty nine mounts. That's today

in Women's history. I'm rened to young Bloomberg Radio. All right, Nada, thank you, and again, futures this morning are higher SMP. Futures have forty points. Now futures have three hundred sixty four and Nastack futures of eighty eight ten year Treasury down twenty three thirty seconds. He held two point oh seven per cent, And Bloomberg surveillance is straight ahead for John Tucker. I'm Karen Moscow, and this is Bloomberg