Bloomberg Daybreak: March 16, 2022 - Hour 2 (Radio)

keeping daylight saving time permanent. I'm Michael barn More ahead, I'm John Stands. Sharon's sports sixty points for Tyree every and that's when the Rangers won, and over time a three Rizzo resigned with the eightning. That's all straight ahead on Bloomberg day Break on Bloomberg Element Trio, New York, Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston, Bloomberg nine sixty, San Francisco, Sirius x M one nineteen and around the world. Old on Bloomberg Radio dot Com

and via The Bloomberg Business at Hey, good morning. I'm Karen Moscow, and I'm John Tucker at did Break. Being blunt You by Interactive Broker's Global Analysts helps you find new global investment opportunities. To diversify your portfolio and discover undervalued companies that may have greater growth potential. Try ib K are Global Analysts today at I b k R dot com. Slash g A and futures are higher this morning. We're six oh one on Wall Street and we checked

the markets every fifteen minutes throughout the trading day. On Bloomberg. Right now, SMP futures at forty four points to DOWN futures up two hundred eighty four, and NASDAG futures are up two hundred twenty four. John and Cameron will have more on the markets in just a minute. But first, Russia says there is hope for compromise and Ukraine says Russia's positions sound quote more realistic. The latest from Bloomberg's

Amy Morris in our newsroom in Washington. Ukrainian President vladam Here's a Lensky said Russia's positions in the negotiations sound more realistic as the two sides are scheduled for another round of talks today Russian Foreign Minister Sergei Lavrov says there is some hope for compromised but progress remains difficult. The overall military situation, however, is largely unchanged as Russian

forces continue to strike infrastructure targets. This as President Biden prepares to travel to Brussels next week, and he is expected to announce another eight hundred million dollars in military aid for Ukraine, including more anti tank and anti aircraft missiles, that would bring the total aid package just in the past week to a billion dollars. In Washington, I maybe

Morris Bloomberg daybreak, all right, Amy, thank you. Ukrainian President Zelenski is giving a virtual address before lawmakers in the US later this morning, and we get more from Bloomberg's Joe Matthew. He's gonna be speaking to Congress, essentially your 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 of talk. 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,

thanks Joe. Well Joe Matthew will have analysis of President Zelenski's addressed later today on Bloomberg 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 is widely expected to begin its interest rate liftoff. Let's get a preview from Bloomberg

Michael McKee. The what has been priced into markets. The Fed will raise the nation's benchmark interest rate by twenty five 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. Looked to the new dot plot and Economic Forecast for clues and listen to termin J. Powell explain how fast inflation comes down and how the Fed avoids recession.

Michael mcketh, Bloomberg Debreak and thanks Mike. Full coverage of the FED decision and j Pale's news conference begins at one thirty pm Wall Street Time right here on Bloomberg Radio on television. I'll turn into the markets now, John Stocks in Hong Kong search nine per cent amid a pledge from China to keep capital markets stable. To get the recap from Bloomberg's Juliette Sally and 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 over 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 Daybreak, Julia, Thanks, there are problems once again with nickel trading on the London Metal Exchange, and let's go live to London now get the latest with

Bloomberg's Max Ramsey, Max Morning, John and Karen. We've seen real chaos in this nickel market and it does continue today. The London Metal Exchange finally reopened trading around two hours ago after a week long suspension. Straightaway it fell through this new five percent daily limit that the eleemy had set in the exchange then halted electronic trading of nickel contracts due to what they called a technical issue with that limit, though phone based trading is open. We'll have

in person trading later today. But in terms of the price action, signs then of an easing of that historic short squeeze with the full we saw earlier Live in London, Max Ramsey Bloomberg Daybreak, Max, thank you. UK Prime Minister Boris Johnson began a visit to the United Arab Emirates and Saudi Arabia and hopes it convincing leaders to ramp up oil production. Bloomberg Samon Flashman says I'll take some persuading.

We've seen both time be the bit resistant to plans to increase production by opac opec 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. And bloombors amount Foxman says Johnson helps more productional ease energy prices and checking oil right now and I'm at screwed oil up four ten percent at nineties

six dollars eighty six cents a barrel. Brent is up one percent at a hundred dollars eighty six cents, And turning to the Pandemic Visor has a US reangulators to approve of second coronavirus booster shot for senior citizens. The latest now from Bloomberg's Reneeda Young, Good morning, Renada, Good morning.

John Fiser says Israel had already started offering a fourth shot to older people and healthcare workers last year as omicrons circulated, and the data shows the fourth shot, given at least four months 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 was for over one point one million adults sixty and older and with no no history of COVID infection live in New York.

I'm reneed a young Bloomberg daybreak, Reneeded, thanks very much ahead of the Cash Show. But on Wall Street down futures right now two hundred eighty eight points higher and smp E many futures of and the NaNs day futures of two hundred and twenty six points. This is Bloomberg daybreak and now six and seven on Wall Street. Let's bring in Michael Barr to find out what else is going on in New York end around the world, John,

Thank you very much. Sarah. New York's Department of Health under report at the number of nursing home depths by as much as fifty during certain periods of the COVID nineteen pandemic, as according to an audit that criticized former Governor Andrew Cuomo's administration for faulty data collection and misleading statistics. The audit from the state comptroller says at least forty nursing home depths weren't accounted for from April of twenty

to February of one. The suspect accused of gunning down seven row homeless people on the streets of New York City and Washington, d C. Remains in custody. Thirty year old Gerald Rivard is accused of killing at least two people and wounding three others over the past month. He was arrested at a Washington d C. Gas station. Bravard's father spoke after his son's arrest, revealing they don't know why his son chose to do what he did. Put

my hands around him, my hug. Bravard's father told ABC he tried to get his son committed but couldn't because he is an adult. Americans would no longer need to change their clocks twice a year under a bipartisan proposal that passed the Senate. Legislation introduced by Senators Ed Markey and Marco Rubio would make daylight saving time 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 approved 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 Imhof tested positive for COVID nineteen, the prompt Advice President Kamala Harris to cancel her appearance had an Equal Pay event last night at the White House. Harris tested negative for the virus. President Biden Toma 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 mon 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 Biden also said during the event, Women's History Month is an opportunity to honor the vision and the achievements of trailblazing women and girls. Global News twenty four hours a day on air and on Bloomberg quick Take, powered by more than twenty seven journalists and analysts more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg. Joh Michael,

thank you. It's coming up. On six Wall Street time down for the Bloomberg Sports Update, and here's John Stesshower. Thanks John. And Kyrie 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 show. Irving left Week three. God, they're sixty for Kyrie Irvy,

a franchise record, a career high. Kyrie Irvy puts the nets up with thirty one ninety four with eight and a half to go, with the fourth quarter a time out. Orlando had it. Everything 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. Then that's Wallop the magic one fifty to one oh eight. But tonight's game is at home, so Irvan consider in

the stands, but he can't play. And now there are questions about me and Yankee players who haven't gotten the vaccine. Apparently it's the same for outdoor sporting events. And when Aaron Judge was asked if he's vaccinated, sidestep the question. The Yankees are bringing back Anthony Rizzo to play first base. Acquired last summer after a decade with the Cubs, he was a free agent. The Yanks now have a surplus of infielders. Someone like Luke Broight and or Labor Torres

may not have to go at the Garden Rangers. The fourth three overtime went over Anaheim. Adam Fox the game whenever he also had to assists Chris Tryer. The game tying goal is thirty ninth three assist for our Tommy pannerin Devils lost in Vancouver six. Three of the Islanders lost in Washington for three in a shootout. The Giants signed the veteran Tyrod Taylor, so unlike last year when Daniel Jones got hurt, the Giants now have a dependable

backup quarterback. The Jets signed to free agent defensive back safety Jordan Whitehead had been with Tampa Bay quarterback d J. Reid coming from Seattle. John Dash Award Bloombird Sports John John thanks a lot the futures right now and indicate a higher open of Wall Street. This Sporting Dal futures three hundred twenty five points higher, up about one percent, as and P futures fifty points higher. Off one point two percent, the NASA futures of two hundred forty five

up one point eight percent. This is Bloomberg Day Break pay Break brought to you by an Audie. Don't let someone else drive off of the Aubie model you've always wanted. Visit your tri state Abbei dealer to get behind the wheel of yours today. Visit Autie Offers dot com for more information, markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business App, and at Bloomberg Quick Tape. He's a Bloomberg Business lash

and I'm Karen Moscow. Stocks are searching u s Dock Index futures are climbing as China is about a stabilize battered markets lift sentiment after weeks of worries about war and high inflation, treasuries steady and the dollars slipping ahead of the Federal reserves rate decision. We checked the markets every fifteen minutes throughout the trading day on Bloomberg s and P futures up fifty seven points down, futures up three d eighty at NASTACK futures up two hundred fifty

seven that's up one point nine percent. The decks in Germany's up two point eight percent. The ten year treasury down five thirty seconds. Now the yel two point one six percent, yield on a two year one point eight four percent. Nine max screwed oil is moving lower. It's now down one percent. It's sound ninety three cents at ninety five sixty cents a barrel. Comics gold is down half percent or eight dollars eighty cents at ninety one announced.

The euro one point one zero zero three against the dollar, British found one point three zero six eight. How the end is at one eighteen point three three and checking bitcoin this morning, it's up almost three percent at forty thousand and five hundred forty dollars. That's a Bloomberg business flash. Now here's Michel Barrow with more on what's going on around the world. Michael Karen, thank you very much. This just breaking on the Bloomberg terminal comes as Ukraine and

Russia are talking today. According to the Kremlin, they want Ukraine to remain neutral. Ukraine's president is preparing to make a direct appeal for more help, and a rare speech by foreign leaders to the US Congress, even as Russia continued its bombardment of the Ukrainian capital. Viewing his speech to Congress, President Voladimir Zolinski thank President Joe Biden and all the friends of Ukraine for thirteen point six billion dollars in new support. In the NBA, the Nets on

the road be the Magic one fifty one away. Kyrie Irving put up a sixty spot in the NHL. The Rangers beat the Ducks in overtime for three. The Islanders lost in the shootout to the Capitol's 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 Quick Tank, powered by more than twenty seven hundred journalists and analysts more than a hundred

twenty countries. Michael Barr and this is Bloomberg. Johm alright, Michael, thank you very much. Six twenty Wall Street were lying for the Bloomberg Interactive Brokers studios. This is Bloomberg Daybreak. As Michael just mentioned, the Ukrainian President, FLADOMR. Zolinski is going to deliver a virtual address to the Congress today, caring that speech live starting at nine a in Wall Street time. And ahead of that, we did get these headlines the Kremlin saying that a neutral Ukraine with its

own army is a possible compromise option. The Kremlin also discussing Austria, Sweden neutrality model for Ukraine. Let's break all this down with Bloomberg Washington correspondent for radio and TV and Marie hord durn Amory. Good to talk to you, Thanks for being with us. Sounds a little more optimistic, but then again you have to consider the source. This is coming from the Kremlin, Yes, exactly, and good morning, John,

thanks for having me. So first consider the source. We should know that the Kremlin has for weeks leading up to the invasion said Russia had no intentions of invading, and of course we know that is not true. There's a war in Ukraine, but there have been diplomatic talks. There's another round of diplomatic talks today. And ahead of that, talking about the fact that the Kremlin is even discussing this model, this neutrality model, taking after what Austria has done,

what Sweden has done. At the same time, letting Ukraine have its own army is moving in the right direction. Of the diplomacy front, and just so you have an idea of what a neutrality model looks like. Austria did this in the nineteen fifties and basically they put in their constitution that they will remain neutral, they will not try to go enter into any sort of alliances. I e. This would be a big deal because potentially this means Ukraine could not join NATO, but also they would not

have any foreign military bases on their soil. And as those negotiations take place their schedule today between Ukraine and Russian officials. If I remember also that the the officials who are doing the negotiations negotiations for the Kremlin, they're not high level individuals, are they. No, they do report back, but you make a good point that a lot of

reporting is out there. The fact that President Vladimir Putin has maintained a very very small circle of individuals around him from the FSB, which is the former KGB in Russia, the security apparatus. Uh So it depends how much these individuals that are negotiating with Ukrainians are actually connected to that inner circle. It's a very good point in a nuance that we should keep an eye on and Zelinski has said that the well, what does he have said

about the positions that Russia has has made. Well, for the first part, the simple one is that they want Russia immediately to withdraw the troops. And they will say that Russia talks about peace, but at the same time, what is happening in terms of action on the ground has not stopped, in terms of bombardment and missiles of cities, including a number of places where there are lots of

civilians that are attempting and trying to evacuate. So for the first part, they want their words and rhetoric to match actions on the ground. Okay, the speech today, the virtual speech to the Congress, it's kind of hearkened back to I gotta imagine Winston Churchill, he was the last wartime leader I believe, to address a Congress and uh, he's in good company. What's what's he going to send to the Congress? Well, based off what he said to

European leaders. As you mentioned, Winston Churchill, he has spoken to British Parliament, most recently to Canadian lawmakers. He really makes these impassioned, emotional speeches and one of those actually his translator choked up because it was so emotional. But he will use this moment to try to implore Congress to push the administration to what he would say, close the skies. Now, many in Congress and the administration agree

that there could be a no fly zone. The President has said last week that basically means world War three because you would have US jets potentially striking down Russian jets. But potentially Presidents Volodamir Zelensky could push Congress, especially Republicans, to put pressure on the administration to at least get Poland to transfer fighter jets over the Ukrainian border. P emrie Um, before you go, how does this play in the mid term elections, It's a great question. I think

that's twofold one. Most Americans, if you look at the polls, agree that what the administration is doing, that they should be putting harsh sanctions on President Putin for what is going on in Ukraine. But the second part of that is that there are economic consequences to what is happening back home. Russia is a massive commodity producer mostly UH. The one that would affect America the most is obviously oil. They're the third biggest UH producer's second biggest exporter. That

means higher gasolene prices. This administration has been struggling with inflation already and that will only make it worse. Always good to talk to you, Bloomberg Washington correspondent for radio and TV and Marie or Duran and we're gonna counter that speech by President Zelinsky that should be round nine

o'clock both on radio and television. Just a reminder those headlines that we got the kram one saying in neutral Ukraine with its own army possible and uh so a little more optimistic as far as markets and some pep jus right now up one point. This is Bloomberg day Break, day Break warunt You by the Jewish Communal Fund j c AMS donor advised fund is the smart choice to manage your philanthropy, especially in times of crises. Make your

giving impactful. Visit j c F n y dot org broadcasting live from the Bloomberg Interacted Broker Studio in New York. Bloomberg Living Freemant to Washington, d C. Bloomberg to Boston, Bloomberg one O six one does San Francisco, Bloomberg Non sixty to the country Sirius XM chantal one nineteen and around the globe, the Bloomberg Business app and Bloomberg Radio dot com. This is Bloomberg day Break and at six thirty on Wall Street. Good morning, I'm John Tucker and

I'm kerin Moscow. We're just about three hours away from the open of US trading. Time for the five things you need to notice. Start your Hey brought to you by Interactive Brokers Simple i v k R Global Trader App. Deposit in your local currency and trade stocks in the US, Europe and Asia. Start your free trial at ibkr dot com. Slash Global Trader up. First, an update on talks from Russia. The Kremlin says a neutral Ukraine with its own army

is a possible compromise option. The announcement comes and it continued to swing in Ukraine and negotiations happening today between Russian and Ukrainian leaders. Meanwhile, President Biden expended to announce more than one billion dollars in Ukraine military aid today. Bloomberg's at Baxter has that story. This will come from the thirteen point six billion in aid that was passed by Congress and will provide anti armor and anti air

systems that include javelins and stingers as well. Secretary of State Anthony Blincoln is saying it will complement the humanitarian aid already being sent. This comes as Ukraine's President Volatimer Zelensky is scheduled to address Congress today in San Francisco. I'm at Baxter Bloomberg daybreak, and thank you staying in Washington. And interest rate high coming from the Federal Reserve. For more,

here's Bloomberg's vine down. Juda Ice econd of is say the Federal race its benchmark interest rate by a quarter point, the first rate increase in eighteen. US inflation is running at the highest levels in four decades, and gradual tightening will probably continue Bloomberg economics, as in more normal time, such inflation data would support a larger FED rate increase, a half point increase. Beneat Judais bloombirgday break. All right,

thanks for any another Fed note. President Biden's nominee for FED Vice Chair of Supervision, Sarah bloom Raskin, withdrew her candidacy, and West Virginia Senator Joe Manchin said he would not support her. And journey to markets now at John US futures and European equities are higher. In China's Hang Sang Index game nine percent after the country down to boost

financial markets and stimulate economic growth. Now to COVID, Fiser asking US regulators to approve a second coronavirus booster for seniors. With the latest live here's Bloomberg's Renee A Young Good morning, Redney, Good morning. John Feiser says Israel already started offering a fourth shot to older people and healthcare workers last year, and the data shows the fourth shot, given at least four months after the third, reduced the rate of infection

and severe illness. That's compared to those with one booster. Live in New York, I'm gonna need a Young Bloomberg daybreak. I ready to thank you. And that's the five things you need to notice start your day. Brought to you by Interactive Brokers again s and P Futures higher up fifty five points this morning and straight I had your latest local headlines plus the check of sports, and this is Bloomberg. Thanks Karen sixty three on Wall Street. Hand time to bring in Michael barn to tell us what

else is going on in New York and around the world. John, Thank you very much, sir. According to on All Day, in New York's Department of Health under report at the number of nursing home deaths by as much as fifty percent during certain periods of the COVID nineteen pandemic. The audit from the state comptroller criticized its former governor Andrew

Cuomo's administration for faulty data collection and misleading statistics. Says at least forty nursing home deaths weren't accounted for from April. The February of one, a thirty year old Washington, d C Man with a history of assault arrests was charged with murder in connection with a string of shootings of homeless men in the nation's capital and New York City. Gerald Rivard was taken into custody by a t F agents in southeast Washington and handed over to d C's

Metropolitan Police Department. He's being charged with first degree murder and assault. Rivard's father has his son has battled a long history of mental issues. I couldn't because he's Provard's father spoke to ABC. Meanwhile, m y p D Commissioner Keeachin Sewell also talked about the arrest of a suspect in the stabbing attack at the Museum of Modern Art. Two cases, three cities, five agencies across multiple local, state, and federal jurisdiction, forty eight hours of investigation and now

to arrests NYPD commissioner Keeaching School. The Senate moved a giant step closer to making daylight saving time permanent in the US. The Senate gave unanimous consent to the Sunshine Protection Act. The bill would end the practice of turning

clocks back one hour to standard time each November. Senator Marco Rubio, just this past weekend, we all went through that bi annual ritual of changing the clock back and forth and the destruction that comes with it, and one has to ask themselves after a while, why do we keep doing it? Why are we doing this? The bill still needs approval from the House. South Korea's military says a North Korean missile fired from its capital region exploded

in mid air and an apparent failed launch. Today's launch was detected, amid speculation that the North could soon launch its longest range missile in its most significant provocation since seen. Second Gentleman Doug M. Hov test had positive for the coronavirus. Vice president Kamala Harris tested negative, but she canceled her appearance and then Equal Pay events last evening at the

white House. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven under journalist and analyst more than a hundred twenty countries. Michael Barr, this is Bloomberg, John, Michael, thank you. Six thirty six on Wall Street had a hunting down for the Bloomberg Sports Update. Here's John Stasher. Thank John. The Yankees uncharacteristically quiet before the lockout, but busy this week.

The Big Train of Minnesota brought them a new catcher, two new infielders, and how a free agent signing a re sunning the first base been Anthony Rizzo two years, thirty two million. He can opt out after one. Rizzo, a cancer survivor, had not gotten the vaccine at least last year, and Aaron Judge was asked, if he's vaccinated. That's a yes or no question. I'm still focused on the first game spring training, so I think we'll we'll

cross that parage whenever you know the time come. But right now, so many things could change, so I'm not really too worried about that right now. Apparently the Kyrie Irving rule will fly to met and Yankee players of someone like Judge or Rizzo is unvaxed that can't play home games or games in Toronto. It's making of Kyrie a road game in Orlando. So he played, and he

was amazing. A twenty five point second quarter, a forty one point first half of career high and nets record sixty points, and Irving got taken out with eight and hap minutes left in the next route of the magic one fifty to one oh eight. If the Garden Rangers win four three over ain't ah Hi Adam Box won and overtime after Chris Pryor tied it. For this thirty ninth of the year. Delos lost in Vancouver Islanders a

shootout loss in Washington. Career goal number seven sixty seven for Alex Ovechkin moves in past yar Mariada in the third all time behind Wayne Gretzky and Colody have a Giant signed Tyrod Taylor to be their backup quarterback. This will be his six team in the eleven year career.

Jets safety Marcus may Simon New Orleans. The Jets signed to free agents safety Jordan Whitehead and cornerback d J. John Stesshow of bloom Bird Sports Johnny all Right, John, Thanks, coming up on five thirty eight on Wall Street, and it's toime out to take a look at stocks, some of the names that are moving in the pre market. For that, we're joined by Bloomberg Radio and TV Markets corresponding Pretty Gupta. Tomorrow is st Patrick's day, but pretty today,

there's lots of green on the screen. Clever, very clever. That was good. That was a good one. And I didn't know where you were going with that, but a good one. Uh. I was like, what is he gonna ask me? Well? Ten stocks that are not in the green, and that's really significant here. You are seeing a fairly broad rally in the during the morning. To your point, let's talk about what isn't doing well. It's a lot of those defense stocks have had a pretty blockbuster rally

in the last couple of weeks. A lot of that, of course coming off of the situation in Ukraine, but also Germany really looking to spend more and more on their defense. The names like Lockeed Martin raytheon North of Gremman, they've all been some of your high flying stocks today though they are flying low. They are your laggards in this market. Locke Martin in particular l m T s

your ticker down one point three percent. This comes after the Pentagon set is going to request sixty one thirty five and it's next budget that is thirty three fewer stealth jets than previously planned. Excuse me, according to people familiar with the spending blueprint, not great news, but it is dragging down some of those other defense stocks. So once again, north of Grumman, n o C is your

ticker down nine tenths of one percent. Raytheon as well RTX as your taker, they're down four tenths of one percent. But go beyond that, and most of it is in the green, and a lot of it is actually concentrated in tech semiconductors, for example, having a pretty good rally this morning a m D for example, a m D is also the ticker as well as the name of the company, up two point seven per cent. You also have lives of Nvidio, that big tech heavyweight n v

D as your ticker. They're up two point four percent, and Micron M you is your ticker. They're up four point four percent. They are also enjoying an upgrade to outperform over at Bernstein announcing nine dollar price target. Just like yesterday, that we're talking about a blood bath in China, that's no longer the case, right, And that's probably where a lot of that sentiment is coming from when it

comes to those technology names. Remember a lot of these supply chains for Semis goes back into Asia, goes back into China in particular. Well, overnight we know that there has been that major sell off, a seventy six percent drop in those Chinese a d rs from peak to trough. You are actually seeing China take some active control, putting a little bit more liquidity into the system and creating a pretty large bounce back overnight in the Asian stock market.

And that's really where you're seeing a lot of these moves. As well as the likes of Ali Baba j d H ten cent Billy Billy. Those are all up today, of course, contrasting to the pretty aggressive sell off we've seen in the last couple of weeks. Pretty always a pleasure, thank you. Bloomberg. Radio and TV markets corresponded pretty Gubta, thank you for joining us. And as we look at futures right now, don't better green on the screen, SMP five futures right now a d let's see fifty two

points higher, that's up one of the quarter percent. The down futures three hundred sixty one points, that's a one percent rise. And the nazac Emni futures they were up two hundred and forty six points, a rise of one point eight percent in this morning's session. As far as Treasury is, the tenure two point one six percent of

two basis points. This is Bloomberg and the Bloomberg weather for today for meteorologist Rob Caroline Sunny and my old highs aperture topping up at sixty five degrees tomorrow, occasional light rain in the mid fifties. Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business apt and at Bloomberg Cricktape. This is a Bloomberg Business lash and I'm Karen Moscow and US dot Index futures are rising this morning, we get the

first word breaking news dance for today's morning call. Here's Bill Maloney. Bill, good morning, and good morning, Karen. That's right. US futures are surging right now, helped by China's pledge to boost financial markets and to stimulate economic growth. To futures curtally up three dred and seventy three points sys He's gained fifty six. Nasdaq futures rise by two sixty the US ten year old at two point one seven percent. Gold and oil are both little changed, but Bitcoin trading

higher by two point four percent. Hong Kong rose nine percent overnight. Well up markets are also in the green, lad by three percent gains in France, Germany and Italy. Back in the US on the Economic Frinday thirty retail sales and at two o'clock the fom C rate decision. In other news, Tesla suspended production at its Shanghai factory and wrapping things up. Micron re staff perform at Bernstein

so Fi Technologies was cut to equo weights. Over at Morgan Stanley Live from the First Bacon News descm Bill Maloney, Karen, all right, Bill, thank you to hear live breaking news over a Bloomberg type squawk on your terminal ascue You a w UK and that's a Bloomberg business Flash. Now here's Michael Barrow with more on what's going on around

the world. Michael Karen, thank you very much. The Ukrainian proposal to become a neutral country but retain its own armed forces could be viewed as a certain kind of compromise. That's according to Fremlin's spokesman Dmitry Peskov, hinting at possible progress in peace negotiations. Meanwhile, Ukrainian President Voladimir Zalinski will make a rare a wartime address via foreign leader to

both chambers of Congress. He will plead with the 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 away. Kyrie Irving 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 and ot against the Blackhawks to one.

Global News twenty four hours a day on here and on Bloomberg Quicktake, powered by more than twenty seven hundred journalist analyst more than a hundred twenty countries at Michael Barr and this is Boomberg Caring all right, Michael, thank you.

It is six forty nine on Wall Street. We turned to news and science and technology now with the Bloomberg n j I T STEM report brought to U buy New Jersey Institute of Technology rank in the top two percent nationally for alumni mid career earnings and number one in the nation for student upward economic mobility. More at n j I T DOT, E d U and now here. So it's making news and science, technology, engineering, and math. FISER has asked US regulators to approve a second coronavirus

booster shot for senior citizens. It's an attempt to protect vulnerable adults when immunity provided by the first three doses decreases. Fiser and its German partner by On Tech submitted data from Israel, which started giving a fourth shot to older people and healthcare workers last year. The CEO of Delta says, as far as the travel industry is concerned, the coronavirus

crisis is effectively over. Speaking in London, and Bastion said that Delta had the two busiest days for sales and it's almost one hundred year history last week and this is nothing that sneeze about. A corning to a new study in the journal Nature Communications, Allergy season, weist start weeks earlier and the many days later, and it'll be worse while in Lass, with pollen levels that could as much as triple in some places. Climate scientists at the

University of Michigan say it's because the climate change. They say warmer weather allows plans to start blooming earlier and keeps them blooming later. Meanwhile, additional carbon dioxide in the air from burning fuels such as cold gasoline and natural gas helps plants produce more pollen. And that's the Bloomberg and j I t Stem report. John, I can't wait, Thanks Karen. Just a few minutes ago, we got what seemed like some promising headlines out of the Kremlin discussing

an Austria Sweden neutrality model for Ukraine. Also out of the Kremlin neutral Ukraine with its own army, possible compromise option. Let's get to dive a little deeper into these this morning. Bloomberg Executive editor for International Government, Rosalind mathieson back with us. So where do we stand on negotiations rose between Russia and Ukraine? And what do we make of those headlines

that we've just got. Well, certainly it seems like they are talking and they are actually putting a little bit of meat on the table about what some sort of compromise might look like. But obviously there are very big gulfs that remain in terms of what Ukraine might suggest or Russia would accept. Ukraine of course said it won't

see it any territory. It still wants more weapons and support from NATO, it wants consideration to join the European Union, and somewhere and all of that, they seem to be hoping they can strike a deal with Russia that classes them as neutral. What Russia is saying is that they're looking at the idea of some sort of Swedish or Austrian style neutrality that would allow, of course Ukraine to retain its army. In the case of a Swedish model UM,

it would allow it to also keep producing weapons. But how that would all work in practicality, It's it's very hard to see. Because Ukraine immediately came out and said, well, the only model that we would talk about would be when you'd call Ukrainian um obviously therefore fit to purpose just for us and not based on what another country

has experienced. So it sounds like they're kind of talking themselves round in circles a little bit about what an agreeable model would look like, let alone, then the terms under which that might not just be put into place, but would then continue to hold for any short any period beyond a couple of days. And then there's Vladimir Putin. I mean, the last I heard from him, he didn't

sell all that optimistic. Well, that's right, just as yesterday he said that he didn't believe that Ukraine was negotiating in good faith. So if you can meet those comments and then less in a day later say that you're moving towards some kind of understanding, you really have to wonder whether they are really that close to an agreement.

Certainly Ukraine has been pushing at the very least for a ceasefire that's broader in scope than what we've seen so far, perhaps something that's nationwide and for a couple of days to allow some further safe passage of people. But getting a ceasefire is one thing, Getting a peace still is another. Entirely, and certainly a piece still wouldn't come to fruition unless the Russian president itself signed off on it and talks are taking place today. Where are

we stand on there? Well, that's right, these officials have been meeting. They've they've actually started meeting by video conference instead of being in Paris, and it was taking too long to trek to a neutral part of the border to do so, so they've started to do these calls every day via video conference. But they're still at sort of a semi low level for officials. UM, these are

not senior ministers who we are meeting. Obviously, they're carrying messages back through their capitals UM to hire people to discuss, but they can't strike a deal themselves. They have to sort of take those proposals back to senior officials to

to consider and perhaps make some proposals. So what we're seeing today is probably like further message passing between those lower level officials on this Bloomberg is thank you the editor for International Government, Rosalind Matheson Rose, thanks very much. We appreciate it. We're alying from the Bloomberg interact or

Broker Studios. It is six fifty four Wall Street time to check what's going on in d C. Ukrainian President of Vladimer Zelenski set to deliver a virtual address to Congress today, and then President Biden he's going to travel to Europe for a NATO and European Union summits next week. And President Biden's picked the top of the US banking regulator running aground. And UH bring in right now from

the Bloomberg Washington headquarters. UH, Emily Wilkinson, Bloomberg Government reporter. Wilkins, Uh, Bloomberg Government reporter with the very latest. Let's start with the Zelenski delivering this virtual address to Congress. You're you're gonna be in the room too, write I will, yes, I'll be in the room. It's gonna be lawmakers, House

and Senate, Republicans and Democrats. And this is a group of individuals who has a lot of support for Zelenski, who wants to do almost everything they can to be able to deliver on what he is going to ask for. Uh. We know we're from reporting from the New York Times that Ukrainian officials do plan to present the US with a list of milk her equipment they need, including armed drones and mobile air defense systems. But at this point Washington is not going to be able to give Zelenski

everything he wants. UH. There's still concerns about setting up a no fly zone UM. And while there's a growing desire among lawmakers to find a way to get Ukraine that the mag twenty nine fighter jets, UH, it's an idea that the White House has continued to reject. And so it's going to be interesting to see the dynamics play out here between what Zelenski is asking of Congress, what Congress is willing to give, and sort of how that moves the Biden administration in terms of what kind

of aid they're thinking about providing. We saw the Wall Street Journal report yesterday that the Biden administration is going to announce more than one billion dollars in new military assistance. We know that Biden is going to be speaking a little bit later this morning. But one thing to really note John is is that to a certain extent, Congress has been the lead here on getting Zelenski the aid

that he has requesting for Ukraine. They were the first to move on the oil band, they were the first to move on normalizing aid relations, which they're still working on. For that second point, but definitely going to be keeping of a close close eye on what the ask is going to be and how much pressure lawmakers want to put on the White House to ensure their delivering it. They're real quick underscoring the importance of all is the

president is traveling next week. Yeah, we'll be going to Brussels. He'll be attending a NATO and use summits. And this comes at a time, of course, the Biden's goal for the whole duration of this conflict has been to really move with his European allies to sort of have everyone present a very united front, and I think this trip is an extension of that goal for the Biden administration. Alright, how does this play with the mid term elections? Real quick, Emily.

I mean, at this point it's it's a little too soon to tell, but we are seeing Biden's poll numbers rising. We know that a majority of Americans are fine with higher gas prices, if that means that they are supporting Ukraine. I was talking with a lawmaker yesterday who said that, you know, American people are are very much on board that there's stick to their stomachs with the images that they're seen, and lawmakers in Washington are really feeling that

sentiment and only thanks a lot appreciate it. Bloomberg reporter Emily Wilkins just programming that we're going to carry the Ukrainian President's addrasted Congress that starts right around nine o'clock Wall Street time. You can hear in on Bloomberg Radio. Watch it also on Bloomberg Television ahead of the cash open on Wall Street. Futures solidly in the green this morning. The now features that are UND three hundred sixty two points ryans of one percent, the smb emity futures fifty

three points higher. That's the rinse of one at a quarter percent, and then as the features up two hundred and forty points up one point eight percent. You've been listening the Bloomberg Daybreak