Bloomberg Daybreak: March 16, 2022 - Hour 1 (Radio)

to begin today, and we'll tell you why. Hong Kong's Hank Sang Index search in nine New York on It says nursing home deaths in the state were indeed undercounted, lust were another step closer to getting rid of daylight saving time on Michael bar More Ahead, I'm John Stan sharon'sparts six day points for Tyrie Irving and that's when the Rangers won and over time, Anthony Rizzo resigned with

the Inn. That's all straight ahead on Bloomberg day Break on Bloomberg elimn Free on New York, Bloomberge 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. And Good Morning on John Tucker and I'm Karen Moscow and futures are rising this morning. We're coming up to five oh one on Wall Street, and we check the

markets every fifteen minutes throughout the trading day. On Bloomberg right now, S and P futures up forty four points, STOUT futures up two hundred eighty four and NASDAG futures up two hundred sixteen. The decks in Germany's up two and a half percent. Pen your treasury down five thirty seconds here two point one six percent, and they yield on the two year one point eight five percent. NIMEX screwed oil is up one point seven percent at ninety

eight dollars three cents of barrel. John and Karen will have more of the markets in a minute, but first, the US is set to unveil a fresh round of security assistance for Ukraine today as President Biden prepares to travel to Europe. The latest from Bloomberg's Amy Morris in our newsroom in Washington. President Biden is expected to announce another eight hundred million dollars in military aid for Ukraine,

including more anti tank and anti aircraft missiles. That brings the total aid package just in the past week to a billion dollars. This as the president prepares to travel to Brussels next week. Former US Ambassador to NATO Lieutenant General Douglas Lute says NATO and the EU are key to holding a strategic advantage. I think it's very significant. He's going to visit both native and address the security situation. But then he's gonna go across town in Brussels and

address the leaders of the European Union. Meanwhile, officials from Ukraine and Russia continue their negotiations today, talks that Ukrainian President vladimir's Lensky called difficult but said had room for compromise in Washington. I'm any more as Bloomberg daybreak, all right, Amy, thank you a while. Ukrainian President Zelenski is giving a virtual address before lawmakers in the US later this morning, and we get more from a Bloomberg to Joe Matthew.

He's gonna be speaking to Congress essentially a joint session. They're not going to be in the House chamber. They'll have an auditorium set aside in the capital complex for this because it will be a virtual address. It's supposed to be about nine o'clock, and he was gonna say thank you, having, by the way, met privately, virtually, but privately with lawmakers two weekends ago. This is going to be provided to the networks. It's going to be streamed online.

People are gonna watch this on TV. So his audience is very different now as he tries to make the case for more military hardware if not a no fly zone, and so far the answer from the Pentagon on that one has been no. All right, Joe, thank you well. Joe Matthew will have analysis of President Zelenski's addressed later today on Bloomberg's Sound On at five pm Eastern Plus. You can catch President Zelenski's address live this morning at

nine am on both Bloomberg Radio and television. And another major story investors are following this morning, also centered in Washington, the Fed widely expected to begin it's interst rate liftoff. We get a preview from Bloomberg's Michael McKee the what has been priced into markets? The Fed will raise the nation's benchmark interest rate by basis points. It's the what next that investors want to know, how many rate moves and how quickly, When and how do they start reducing

the size of their balance sheet? Look to the new dot plot and economic forecast for clues, and listen to Chairman j Powell explain how fast inflation comes down and how the Fed avoids recession. Michael mcketh Bloomberg Daybreak. All right, Thanks Mike. Full coverage of the Fed decision and J Pal's news conference begins at one thirty pm Wall Street

Time on Bloomberg radially and television. Well, turning to the markets now, John Stocks in Hong Kong searched in nine per cent amid a pledge from China at a key capital market stable. They get the recap from Bloomberg's Juliette Sally in Singapore. Good morning, Juliette, Good morning John and Karen. The Hang Sang Tech Index rebounded from a brutal sell off to jump the most on record, lifting sentiment across the Asia Pacific. Hong Kong's Hang Sang Index had its

biggest one day game since two thousand and eight. China's cs I three hundred jumped the most since July twenty. Equities in China and Hong Kong had been under pressure, treading one and a half trillion dollars combined of the first two days of this week on regulatory fears and speculation that Beijing's ties with Russian raised the risk of the U S backlash in Singapore. Juliet Sally Bloomberg debreak. Thanks Julian, there are problems once again with nickel trading

on the London Metal Exchange. Let's go live but London now. I'll get the latest live with Bloomberg's You and Parts You want, Good morning, John and Karen. Today was supposed to be the day they said Nickel is back, but just minutes after nickel trading resumed on the London Metal Exchange, it was halted again, the Leemy citing a technical issue

with its new daily limit. Several trades appeared to be at prices below the five cent limits, suggesting they may later be canceled by the exchange, not the news the element would wanted, more than a week after its suspended trading. Live in London, I'm You and Parts Spin, big debreak, Thank you and thank you. UK Prime Minister Boris Johnson began a visit to the United Arab Emirates in Saudi Arabia and hopes of convincing leaders to ramp up oil production,

and Bloomberg Simon Foxman says it'll take some persuading. We've seen both countries a bit resistant to plans to increase production by opac opeck plus in the past. The UAE has seemed too in recent days become a little bit more amenable that there's just not enough oil being produced bloombers amount. Foxman says, Johnson helps more production will ease energy prices. And checking oil right now, dimax screwed oil at one point three percent, it's a ninety seven dollars

seventy cents a barrel. Brent is of about two percent at one dollar ninety cents. And turning to the pandemic, Fiser has a s US regulators to approve a second coronavirus booster shot for senior citizens. Let's get the latest life from boom Bergh. We neither young need the good morning,

Good morning. John Fiser and BioNTech said Israel had already started offering a fourth shot to older people and healthcare workers last year, as O Macron circulated, and the data shows the fourth shot given at least four days or four months rather after the third, reduced the rate of infection and severe illness. That's compared to those who were given just one booster shot. The analysis for over one point one million adults sixty and older with no known

history of COVID infection live in New York. I'm gonnait a young Bloomberg day break, all right, grinned to thank you, and again, futures are higher this morning with S and P futures up about forty five points. Straight ahead, your latest local headlines plus a check of sports, and this is Bloomberg. Thanks Karen five O seven on Wall Street. Hand Let's bring in Michael barn Now with more on what else is going on in New York and around

the world. John, Thank you, Sarah. New York's Department of Health under reported the number of nursing home deaths by as much as fifty percent during certain periods of the COVID nineteen pandemic. That's according to an audit that criticized former Governor Andrew Cuomo's administration for faulty data collection and miss leading statistics. The audit from the state comptroller says at least forty nursing home deaths weren't accounted for from

April twenty twenty to February one. The findings of firm early air reports, including one from one conducted by New York Attorney General Letitia James. Americans would no longer need to change their clocks twice a year under a bipartisan proposal that passed the Senate. Legislation introduced by Senator z Ed Markey and Marco Rubio would make daylight saving time, which most states observed for eight months out of twelve, permanent across the country. Senator Marco Rubio noted its appeal.

It's an eclectic collection of members of the United States Senate in favor of what we've just done here in the Senate, and that's the pass a bill to make a daylight savings time permanent. The measure still needs approval from the House. South Korea says North Korea fired and unidentified projectile, but it is presumed that it failed immediately after launch. It was the tenth such weapons test this year.

Second Gentleman Doug Emov tested positive for COVID nineteen. It prompted Vice President Kamala Harris to cancel her appearance at an equal pay event last night at the White House. Harris tested getive for the virus. President by Combla chose not to take a chance since her husband had contracted COVID. Always feeling very well. I'm told by the way when he touched he's fine. But out of a month, it's

a caution. She decided she wasn't going to join us today, but let's send her our love because she's something else. President died and also said during the event, Women's History Month is an opportunity to honor the vision and the achievements of trailblazing women and girls who built the very character of this nation. Global News twenty four hours a day on air and on Bloomberg Quick Take, 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, and it is now us on Wall Street. At the top of the Bloomberg Sports Update, it's thanks John Onen caring. Irving isn't making news for not getting the vaccine and the controversy over him not being allowed to play home games. He's playing at least on the road, and last night Kyrie put on a shirt. Irvy left Week three. God, they're sixty for Kyrie Irvy,

a franchise record a career high. Kyrie Irvy puts the Necks up ninety four with eight and a half to go on the fourth quarter a time out Orlando adn't added. Irvy then got taken out so he could have scored a lot more. He had forty one points at halftime, first NBA player to do that in five years. The Nets walloped the Magic one fifty two one oh eight. But tonight's game is at home, so Irving can sit

in the stands, but he can't play. And now there are questions about met and Yankee players who haven't gotten the vaccine. Apparently it's the scene for outdoor sporting events, and when Aaron Judge was asked if he's vaccinated, he's sidestepped the question. The Yankees are bringing back Anthony Rizzo to play first base, acquired last summer after a decade with the Cubs. The Yanks hat now added three infielders

in three days. Someone like Luke Voight and or Labor Torres may now have to go at the Garden Rangers fourth three overtime went over Anaheim Adam Fox the game winner. He also had two as says Chris cry to the game tying goal. His thirty ninth three assists for our Timmy panerin Devils lost in Vancouver six three. Islanders lost

in Washington fourth three in the shootout. The Giants have signed vetterman Tyrod Taylor, so unlike last year when Daniel Jones got hurt, the Giants now have a dependable backup quarterback that Jet signed to free agent defensive backs Aphy Jordan Whitehead had been to Tampa Bay. Cornerback d J Read comes from Seattle down stash Award Bloomberg Sports, John all Right, John, thanks very much ahead of the cashholdon um Wall Street Singer rally. At least as futures are concerned.

The down futures right now they are up two hundred d and mightty eight points. That's a ninth percent, SMP emanate futures forty five points higher. That's the RNs of one percent, and the dnsday futures up one point six six percent. That's up two hundred twenty three points. In German trading right now, the backs up two point six percent, and in London in the foot seed one hundred one

point percent higher. Listening the Bloomberg day Break Bloomberg Weather forts today from ron Caroline, sunny and bile behind tamperture about sixty five degrees tomorrow, occasional light rain behind temperature topping out in the mid fifties. Yes, is Bloomberg Markets headlines and breaking news twenty four hours a day at Bloomberg dot com. For the Bloomberg Business outland at Bloomberg Quicktake.

This is a Bloomberg Business flash and I'm Karen Moscow and stocks are surging along with US stock index futures as China's vound as stabilized Battered markets lifts sentiment after weeks of worries about war and high inflation. Treasury yields are rising ahead of the Federal reserve rate decision, and we checked the markets every fifteen minutes throughout the trading day on Bloomberg s and P futures at fourty eight points of down futures of three nazack futures of two

hundred thirty two. The decks in Germany's have two point six percent. The ten year treasury down seven thirty seconds yield two point one six percent. The yield on the

two year one point eight five percent. Nine X screwede oil is at one point eight percent of a dollar seventy one at ninety eight dollars thirteen cents of barrel comics gold on a half percent or nine dollars fifty cents at nineteen twenty announced the euro one point oh nine nine three against the dollar, British found one point three zero six nine, the yen at one eighteen point three one, and bitcoin this morning of two point six percent at forty thousand, four hundred fifty dollars, and the

International Energy Agency saying Russia's oil output may slump by about a quarter next month, inflicting the biggest supply shock in decades. As Buyer shown the nation's exports following its invasion of Ukraine. And that's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around

the world. Muncle, Good morning, Good morning, Karen. Ukraine's president is preparing to make a direct appeal for more help and a rare speech by a four leader to the U. S. Congress even as Russia continued its bombardments of the Ukrainian capital. Previewing a speech to Congress, President Volodamir Zelenski thanked President Joe Biden and all the friends of Ukraine for thirteen point six billion dollars in new support. Meanwhile, officials from

Ukraine and Russia are set for further talks today. In the NBA, the Nets on the Road beat the Magic one fifty one oh eight. Kyrie, You're being put up a sixty spot. In the NHL, the Rangers beat the Ducks in overtime for three. The Islanders lost in a shootout to the Capitals for three. The Devil's lost the Bruins one in ot against the Blackhawks to one. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundre journalists

and analysts more than a d twenty countries. I'm Michael Barr, and this is Bloomberg John, Michael, thank you. It is coming up on Fine twenty on a little streep whee yard line from the Bloomberg Contract to Broker Studios. This is Bloomberg Tay Break. Russia and Ukraine are scheduled for another round of negoti asians today. That's got an update on the war in Ukraine. We're joined now by Bloomberg

Executive editor for International Government, Rosalind Matheson. Ros Thanks for being with us this morning, What exactly are the negotiating positions? And I'm just parenthetically, can anybody even be sure that Russia is negotiating a good faith Well, these are the

ongoing conversations that are at a lower official level. These are not ministers or above who are having these conversations, so there's limits to what they can actually discuss and negotiate, because of course the biggest stuff would only be approved

by the Russian President Vladimir Putin himself. So these talk seem to be focusing on getting a broader potential cea spy in Ukraine, widening humanitarian corridors that only seem to be opening for a few hours at a time to let people leave areas that are really in the in the thick of the conflict, and so on, and so

that seems to be where they are being concentrated. And that's where you see some initial sounds from either side that there could be prospects for some sort of progress, even if they say that the overall conversation remains quite difficult.

Um and obviously any negotiations in this environment are very fraught, but they're really contained to focusing on those things the broader questions of how do you end this conflict, including the issue of Ukrainian neutrality and so on, that's probably being left at officials at a much higher level than

these conversations. Can we pierce through the fog right now and get an accurate picture of what's happening on the ground, Well, it seems like the attacks on infrastructure and on cities are continuing from the air, so you're seeing shelling that's going on. Still, it looks like the Russian forces are making further progress in areas in the south. Certainly they've

got the city of Mariopool under continuous siege at this point. However, their advance continues to be fairly slow outside Kiev, and the intelligence near Cranian side is that they're really focusing on reinforcing their positions existing positions right now outside Kia, rather than moving their forces forward. That said, the government in Kiev is taking every precaution. They've announced a curfew rather for that city that will run through till Thursday.

That's suggesting it's not just Russian troops that they're worried about. It's perhaps some of the other elements that might be in this fight. Mercenary groups and others coming into the capital and trying to cause havoc at all hours. So that's what that curfew is probably about. Because more broadly, the Russian forces outside Kiev seemed to not be moving

very far. Do we know what's getting into Ukraine from the west in terms of support, Well, certainly both humanitarian aid to some extent seems to be moving in, particularly across the Polish border, so that's reaching areas in western Ukraine, but very difficult to get aid into areas of southern Ukraine and those cities again that are under siege. Convoys are struggling to get through, getting stopped at roadblocks, and some one says some humanitarian aid is getting in. Obviously,

military aid is also continuing to flow. Countries have been sending a lot of anti tank weaponry in particular that's pretty very effective against the Russian forces so far, and there's the reason again why they've struggled in places near Kiev.

So that military stuff is continuing. Ukraine is obviously asking for a lot more, including fighter jets and someone that Western nations say right now isn't really feasible, um, so you can expect more of those requests, for example, to come today when the Ukrainian President addresses the US Congress. What do you expect from that speech to the Congress

from Zolinski. You can expect a lot of thanks for what's been support that's come so far, and he's addressed different separate groups of lawmakers in the US of course in the past few weeks. But as he goes around parliaments around the world and gives these speeches, there's also an air of frustration that is evident in how he talks. He says that he's grateful for the support, but really NATO and the West to do much more. They need

to actually send fighter jets in. They need to do a no fly zone over Ukraine, which is obviously very difficult for NATO to do. They need to get in a way involved militarily to the extent that they're not comfortable about. So you can expect him to press on those points again. Of course, the US and the US President has made clear that doing so would probably create a broader conflict, and then certainly NATO is not going to get involved to that extent, but certainly the Ukrainian

president will make those points again publicly. Okay, and of course the world will be topic one when the President Biden travels to Europe next week. Rose, thanks very much, appreciate it. To Rosalind Matheson, the Bloomberg Executive editor for International Government Programming. No starting at ian o'clock are proctimately will you bring you live the speech from Ukrainian President Vladimir's Zelinsky right here on Bloomberg Radio and Bloomberg Television

right now. Futures indicate a higher overenaud Wall Street down futures of two hundred ninety eight points s and be e many futures there are forty seven points. This is Bloomberg. Nice day on tap in the forecast sunny in miles today, the high temperature sixty five degrees and tomorrow's outlook occasional life Larry the high temperature in the mid fifties. This is Daybreak, Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business Outland,

at Bloomberg Quick Tape. He's a Bloomberg Business Flash and I'm Karin Moscow stocks are surging and US Dot Index futures are climbing. As China's vow to stabilize battered markets, lift sentiment after weeks of worries about war and high inflation. Treasury yields rising ahead of the federal reserve rate decision. We checked the markets every fifteen minutes throughout the trading day on Bloomberg. U S and P future is at forty five points down, futures up two eight two NAS day,

few years up two hundred thirty one. The Dacks in Germany's up two point one percent, ten, your treasury down three thirty seconds. He'll two point one and a yield on a two year one point eight four percent. And that's a Bloomberg Business flash Show. Here's Michael Barr with more unless going on around the world. Michael Parin, thank you very much. Training and President Voladimir z Lensky said Russia's positions in the negotiations sound more realistic as the

two signs are scheduled for another round of talks today. Meanwhile, President's Lenski will make a rare wartime address by a foreign leader to both chambers of Congress. You will plead with US lawmakers by video conference for more aid as Russia invades his country in the NBA, the nets on the Road be the Magic one fifty one oh Lay Kyrie Irving put up a sixty spot in the NHL. The Rangers beat the Ducks in overtime for three. The Islanders lost in the shoot out to the Capitals for three.

The Devil's lost the Bruins one an ot against the black Hawks to one. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than journalists analysts in more than one twenty countries. I'm Michael bar This is Bloomberg Johns. Michael, thank you fine forty eight on one Street. We're lying for the Bloomberg inturant to Brokers Studios. This is Bloomberg Daybreak. It is

lift off. The Federal Reserve concludes a two day meeting today with the expended start of an interest rate hiking cycle. Let's get a preview now. Sarah House is senior economist at Wells Fargo. Hi, Sarah, thanks for being with us this morning. Quarter points seems to be baked into the cake today. So that leaves, at least for me wondering about the future path. What do you suppose we're going

to see with the dot plots? Right? So the basis point hike is pretty much a done deal, we think, based on Pal's testimony the other week, right before the blackout. But you're right, it really comes down to the path ahead. So we will get an update via the dot plot in terms of what the FED thinks that the most likely path of Paul se is. But we have to

remember that there's heightened uncertainty in this environment. So not only do we have the highest inflation in forty years, but of course now we've got layered on this Russian invasion of Ukraine. And we also have to remember it's only March, So even if we see the dot plot shift higher, there's there's still questions over when those additional rate hikes get get played out. So is fifty basis points,

for example, still on the table at some point. I'm sorry going to sound a little bit like Paul Vulkari in the messaging that he delivers today. What do you expect from the Fed here? I think he will be really firm in that the FED does have that the FED is very serious about their objective of obtaining inflation, that that's good for growth, it's ultimately good for the

labor market. So I think he will talk pretty tough on on that, but I think he will acknowledge that there's there's still a lot that they that they don't know in terms of how all this is going to unfold. But they want to be better positioned around curtailing that inflation, which is why I think the dot plot and what he will indicate will will signal a series of great hikes in the coming meetings. So the shot that we got from the war in Ukraine, does that mean a

more dubbish hiking cycle. Not necessarily, because I think overall, the typical playbook of looking through commodity shocks still applies for for the FED. And when you strip out what's happening headline inflation, via and via growth, you're still left with core inflation, which is exceptionally strong. So back in December, the FED was looking for core inflation to be two point seven percent by the end of next year. Bloomber

consensus right now is estimating that's three six. We think it will be even higher above four percent, and so I think they still have to tackle this inflation problem. And while there is going to be a growth hit, we think it's manageable. Given the starting point of the US economy, so we think they're still very much tied too tackling inflation. We often hear that the cure for higher prices is in fact higher prices. Is there any

demand destruction out there that you will see? Well, I think we will see some some curtailment, and we look at, for example, things like how much perhaps some consumers are are driving. But this is coming at a point when consumers are in really strong financial shape. So we've talked lots about the excess savings over the past year and a half as well as the strong balance sheet, and so I think there's there's still some room to withstand

this for for consumers. And so we're not quite at the point where, um where I think we'll see, you know, massive demand destruction, but I think we will see some pulling back leading to slower growth. But again, this is all very manageable given the starting point of the US economy, and has the rate of inflation peaked at this point where the expect it to go this year, it's it's going, it's close to peak, and if it hasn't already, so I think in part it will come down to the

path of oil. So obviously with the moves we've seen recently. I think that does support that the peak is is probably close here in terms of the March data. But again there's a lot of uncertainty, and we've seen how quickly things and markets can change, so it's hard to say for for certain if if inflation has peach. But I think we are getting to a point where not only our base effects getting harder, but of course we've had this tightening in financial conditions blowing demand, and so

that should help bring inflation down. Sara, Always a pleasure appreciated, Sarah Housing, your economist at Wells Fargo. Karen, all right, John, thank you. It is five fifty three on Wall Street. Time for the Bloomberg Law Report, brought to you by American Arbitration Association. Business disputes are inevitable, resolve faster or with the American Arbitration Association, the global leader in alternative dispute resolution for over ninety years. More at a dr

dot org. Now, let's get to the legal stories we're watching this morning. From Bloomberg's Jeff Bellinger, Forty lawyers who have argued before the Supreme Court signed a letter to Chief Justice Robert's urging that the live audio feeds of oral arguments that began during the pandemic be made permanent. Witnesses told a Senate panel that backlogs in the processing of Green card applications have employers struggling to retain top

foreign talent. The e p A says it is being cautious about rules on some risky chemicals and it may not start regulating the chemicals until five or later. 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. All right, John, thank you,

and now another legal story we're watching. W n D A star Brittney Griner has been detained in Russia for almost a month after Russian authorities say they found vape cartridges containing cannabis oil in her luggage during a search at an air or near Moscow. Grinder has been assigned a Russian attorney, but very little else is known about her case. The Russian system of justice is very different from our adversarial system, and the acquittal rate is less

than one per cent. For more, Bloomberg's doing Grosso speak to Jeffrey Kahn, a professor of law at s m U. I've heard experts say that once someone gets arrested in Russia, it's nearly impossible to get them out from behind bars. But I will say that a lot of experts on the Russian criminal justice system and the Russian legal system I have come to a conclusion that Russia operates what

you could call a dual state. On the one hand, the criminal justice system and the entire judicial system is staffed with very competent, well educated professional men and women in the form of judges and prosecutors and defense attorneys and investigators. And the system has gotten much much better to the point where it can perform professional efficiently and even fairly in the mind run of cases, ordinary cases

of no concern to the state. But when the state takes an interest in a particular case, or in a more corrupt manner, individual oligarchs or people with power taken interest in a particular case, that case can metaphorically move over to a political side of the docket, where it's very very difficult to get a result that's solely based on law. There is much more concern for political influence

in particular cases. There is a heavy thumb on the scales of justice that is placed there by the state, which is in control of the case file, when the state or people of power in that system have an interest in those cases. Do we know what's happening now? Should we assume that the Russian investigator is building the case against S. Griner and then when he or she

is done, will know what the charges are. Yes, under the theory of an includatorial system, it's not that the investigator is building the case against Grinder, but the idea would be that the investigator is gathering all of the evidence. Now, under the Russian Criminal Procedure Code, a defense attorney now has the opportunity to do his or her own direct investigation as well as to try to be involved in

immediate way in the investigator's work. But yes, what's happening now is the development of the case file, and there are time limits on that. The initial time limit is two months, but that can be extended by a court if more time is needed. Likewise, that time limit is pretty closely tied to the limits on pre trial detention. So if MS Grinder is in pre trial detention now, the next stage that has to be completed is the

completion of the case file. And that's Jeffrey Kahn, a professor of Law s m U, speaking at the Bloomberg Student Gross. So catch more of that interview plus analysis of the latest legal news, but subscribing to the Bloomberg Law podcast are downloading this show at Bloomberg dot com slash podcasts. Attorneys can find exceptional legal research and business development tools at Bloomberg Law dot com and on the Bloomberg terminal at v law Go. And futures this morning

are on the rise. SNP futures up forty three points, Dow futures up two hundred seventy, NASDACK futures up two hundred eighteen and NIMEX screwed oil up seven tenths per cent or sixty seven cents. It's at ninety seven dollars thirteen cents of barrel and Bloomberg Day Break continues. This is Bloomberg